Fractal & Entropy Market Dynamics with Mexican Hat WaveletThis indicator combines fractal analysis, entropy, and wavelet theory to model market dynamics using a customized approach. It integrates advanced mathematical techniques to assess the complexity and structure of price action, while also incorporating volume and price volatility.
Key Concepts and Features:
Volume-Weighted Price:
The script calculates a volume-adjusted price using a moving average of volume to give more weight to periods with higher volume. This allows the indicator to account for the impact of trading volume on price movements, enhancing its sensitivity to significant price shifts.
Mexican Hat Wavelet Approximation:
The script employs the Mexican Hat Wavelet, a mathematical tool that approximates price movements based on the Laplacian of the price series. This helps capture localized oscillations in price, acting as a filter to highlight certain price dynamics over the specified length. This wavelet is commonly used to identify key inflection points and trends in financial data.
Fractal Dimension Calculation:
The fractal dimension is calculated to quantify the market's complexity. It measures how price moves between intervals, with higher values indicating chaotic or more volatile market behavior. This dimension captures the self-similarity in price movements across different time frames, a key feature of fractals.
Shannon Entropy Calculation:
Shannon Entropy is used to measure the randomness or uncertainty in the price action. It calculates the degree of unpredictability based on the price changes, providing insight into the market's informational efficiency. Higher entropy indicates more randomness, while lower entropy suggests more predictable trends.
Custom Normalization:
The script includes a custom normalization function that processes the composite score (derived from fractal dimension and entropy). This normalization helps scale the values into a consistent range, making it easier to interpret the output. The smoothing factor and RSI-based approach ensure that the normalized value reacts smoothly to the changes in market dynamics.
Composite Score:
The composite score is a weighted combination of the fractal dimension and entropy. This score aims to provide a holistic view of the market by combining the structural complexity (fractal) and randomness (entropy) into one unified metric.
Plotting and Visuals:
The indicator plots the normalized composite score on a scale where a baseline of 50 is provided for reference. The resulting plot helps traders visualize market dynamics, with the score fluctuating based on changes in the market's fractal dimension and entropy. A score above or below the baseline of 50 indicates potential market shifts.
Use Case:
The "Enhanced Fractal and Entropy Market Dynamics with Mexican Hat Wavelet" is useful for traders looking to identify market conditions where there is a balance between price structure and randomness. By integrating wavelets, fractals, and entropy, the indicator can provide insights into market complexity, helping traders recognize potential trend reversals, periods of consolidation, or increased volatility. This can be particularly effective for those employing swing trading or trend-following strategies
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ICT Master Suite [Trading IQ]Hello Traders!
We’re excited to introduce the ICT Master Suite by TradingIQ, a new tool designed to bring together several ICT concepts and strategies in one place.
The Purpose Behind the ICT Master Suite
There are a few challenges traders often face when using ICT-related indicators:
Many available indicators focus on one or two ICT methods, which can limit traders who apply a broader range of ICT related techniques on their charts.
There aren't many indicators for ICT strategy models, and we couldn't find ICT indicators that allow for testing the strategy models and setting alerts.
Many ICT related concepts exist in the public domain as indicators, not strategies! This makes it difficult to verify that the ICT concept has some utility in the market you're trading and if it's worth trading - it's difficult to know if it's working!
Some users might not have enough chart space to apply numerous ICT related indicators, which can be restrictive for those wanting to use multiple ICT techniques simultaneously.
The ICT Master Suite is designed to offer a comprehensive option for traders who want to apply a variety of ICT methods. By combining several ICT techniques and strategy models into one indicator, it helps users maximize their chart space while accessing multiple tools in a single slot.
Additionally, the ICT Master Suite was developed as a strategy . This means users can backtest various ICT strategy models - including deep backtesting. A primary goal of this indicator is to let traders decide for themselves what markets to trade ICT concepts in and give them the capability to figure out if the strategy models are worth trading!
What Makes the ICT Master Suite Different
There are many ICT-related indicators available on TradingView, each offering valuable insights. What the ICT Master Suite aims to do is bring together a wider selection of these techniques into one tool. This includes both key ICT methods and strategy models, allowing traders to test and activate strategies all within one indicator.
Features
The ICT Master Suite offers:
Multiple ICT strategy models, including the 2022 Strategy Model and Unicorn Model, which can be built, tested, and used for live trading.
Calculation and display of key price areas like Breaker Blocks, Rejection Blocks, Order Blocks, Fair Value Gaps, Equal Levels, and more.
The ability to set alerts based on these ICT strategies and key price areas.
A comprehensive, yet practical, all-inclusive ICT indicator for traders.
Customizable Timeframe - Calculate ICT concepts on off-chart timeframes
Unicorn Strategy Model
2022 Strategy Model
Liquidity Raid Strategy Model
OTE (Optimal Trade Entry) Strategy Model
Silver Bullet Strategy Model
Order blocks
Breaker blocks
Rejection blocks
FVG
Strong highs and lows
Displacements
Liquidity sweeps
Power of 3
ICT Macros
HTF previous bar high and low
Break of Structure indications
Market Structure Shift indications
Equal highs and lows
Swings highs and swing lows
Fibonacci TPs and SLs
Swing level TPs and SLs
Previous day high and low TPs and SLs
And much more! An ongoing project!
How To Use
Many traders will already be familiar with the ICT related concepts listed above, and will find using the ICT Master Suite quite intuitive!
Despite this, let's go over the features of the tool in-depth and how to use the tool!
The image above shows the ICT Master Suite with almost all techniques activated.
ICT 2022 Strategy Model
The ICT Master suite provides the ability to test, set alerts for, and live trade the ICT 2022 Strategy Model.
The image above shows an example of a long position being entered following a complete setup for the 2022 ICT model.
A liquidity sweep occurs prior to an upside breakout. During the upside breakout the model looks for the FVG that is nearest 50% of the setup range. A limit order is placed at this FVG for entry.
The target entry percentage for the range is customizable in the settings. For instance, you can select to enter at an FVG nearest 33% of the range, 20%, 66%, etc.
The profit target for the model generally uses the highest high of the range (100%) for longs and the lowest low of the range (100%) for shorts. Stop losses are generally set at 0% of the range.
The image above shows the short model in action!
Whether you decide to follow the 2022 model diligently or not, you can still set alerts when the entry condition is met.
ICT Unicorn Model
The image above shows an example of a long position being entered following a complete setup for the ICT Unicorn model.
A lower swing low followed by a higher swing high precedes the overlap of an FVG and breaker block formed during the sequence.
During the upside breakout the model looks for an FVG and breaker block that formed during the sequence and overlap each other. A limit order is placed at the nearest overlap point to current price.
The profit target for this example trade is set at the swing high and the stop loss at the swing low. However, both the profit target and stop loss for this model are configurable in the settings.
For Longs, the selectable profit targets are:
Swing High
Fib -0.5
Fib -1
Fib -2
For Longs, the selectable stop losses are:
Swing Low
Bottom of FVG or breaker block
The image above shows the short version of the Unicorn Model in action!
For Shorts, the selectable profit targets are:
Swing Low
Fib -0.5
Fib -1
Fib -2
For Shorts, the selectable stop losses are:
Swing High
Top of FVG or breaker block
The image above shows the profit target and stop loss options in the settings for the Unicorn Model.
Optimal Trade Entry (OTE) Model
The image above shows an example of a long position being entered following a complete setup for the OTE model.
Price retraces either 0.62, 0.705, or 0.79 of an upside move and a trade is entered.
The profit target for this example trade is set at the -0.5 fib level. This is also adjustable in the settings.
For Longs, the selectable profit targets are:
Swing High
Fib -0.5
Fib -1
Fib -2
The image above shows the short version of the OTE Model in action!
For Shorts, the selectable profit targets are:
Swing Low
Fib -0.5
Fib -1
Fib -2
Liquidity Raid Model
The image above shows an example of a long position being entered following a complete setup for the Liquidity Raid Modell.
The user must define the session in the settings (for this example it is 13:30-16:00 NY time).
During the session, the indicator will calculate the session high and session low. Following a “raid” of either the session high or session low (after the session has completed) the script will look for an entry at a recently formed breaker block.
If the session high is raided the script will look for short entries at a bearish breaker block. If the session low is raided the script will look for long entries at a bullish breaker block.
For Longs, the profit target options are:
Swing high
User inputted Lib level
For Longs, the stop loss options are:
Swing low
User inputted Lib level
Breaker block bottom
The image above shows the short version of the Liquidity Raid Model in action!
For Shorts, the profit target options are:
Swing Low
User inputted Lib level
For Shorts, the stop loss options are:
Swing High
User inputted Lib level
Breaker block top
Silver Bullet Model
The image above shows an example of a long position being entered following a complete setup for the Silver Bullet Modell.
During the session, the indicator will determine the higher timeframe bias. If the higher timeframe bias is bullish the strategy will look to enter long at an FVG that forms during the session. If the higher timeframe bias is bearish the indicator will look to enter short at an FVG that forms during the session.
For Longs, the profit target options are:
Nearest Swing High Above Entry
Previous Day High
For Longs, the stop loss options are:
Nearest Swing Low
Previous Day Low
The image above shows the short version of the Silver Bullet Model in action!
For Shorts, the profit target options are:
Nearest Swing Low Below Entry
Previous Day Low
For Shorts, the stop loss options are:
Nearest Swing High
Previous Day High
Order blocks
The image above shows indicator identifying and labeling order blocks.
The color of the order blocks, and how many should be shown, are configurable in the settings!
Breaker Blocks
The image above shows indicator identifying and labeling order blocks.
The color of the breaker blocks, and how many should be shown, are configurable in the settings!
Rejection Blocks
The image above shows indicator identifying and labeling rejection blocks.
The color of the rejection blocks, and how many should be shown, are configurable in the settings!
Fair Value Gaps
The image above shows indicator identifying and labeling fair value gaps.
The color of the fair value gaps, and how many should be shown, are configurable in the settings!
Additionally, you can select to only show fair values gaps that form after a liquidity sweep. Doing so reduces "noisy" FVGs and focuses on identifying FVGs that form after a significant trading event.
The image above shows the feature enabled. A fair value gap that occurred after a liquidity sweep is shown.
Market Structure
The image above shows the ICT Master Suite calculating market structure shots and break of structures!
The color of MSS and BoS, and whether they should be displayed, are configurable in the settings.
Displacements
The images above show indicator identifying and labeling displacements.
The color of the displacements, and how many should be shown, are configurable in the settings!
Equal Price Points
The image above shows the indicator identifying and labeling equal highs and equal lows.
The color of the equal levels, and how many should be shown, are configurable in the settings!
Previous Custom TF High/Low
The image above shows the ICT Master Suite calculating the high and low price for a user-defined timeframe. In this case the previous day’s high and low are calculated.
To illustrate the customizable timeframe function, the image above shows the indicator calculating the previous 4 hour high and low.
Liquidity Sweeps
The image above shows the indicator identifying a liquidity sweep prior to an upside breakout.
The image above shows the indicator identifying a liquidity sweep prior to a downside breakout.
The color and aggressiveness of liquidity sweep identification are adjustable in the settings!
Power Of Three
The image above shows the indicator calculating Po3 for two user-defined higher timeframes!
Macros
The image above shows the ICT Master Suite identifying the ICT macros!
ICT Macros are only displayable on the 5 minute timeframe or less.
Strategy Performance Table
In addition to a full-fledged TradingView backtest for any of the ICT strategy models the indicator offers, a quick-and-easy strategy table exists for the indicator!
The image above shows the strategy performance table in action.
Keep in mind that, because the ICT Master Suite is a strategy script, you can perform fully automatic backtests, deep backtests, easily add commission and portfolio balance and look at pertinent metrics for the ICT strategies you are testing!
Lite Mode
Traders who want the cleanest chart possible can toggle on “Lite Mode”!
In Lite Mode, any neon or “glow” like effects are removed and key levels are marked as strict border boxes. You can also select to remove box borders if that’s what you prefer!
Settings Used For Backtest
For the displayed backtest, a starting balance of $1000 USD was used. A commission of 0.02%, slippage of 2 ticks, a verify price for limit orders of 2 ticks, and 5% of capital investment per order.
A commission of 0.02% was used due to the backtested asset being a perpetual future contract for a crypto currency. The highest commission (lowest-tier VIP) for maker orders on many exchanges is 0.02%. All entered positions take place as maker orders and so do profit target exits. Stop orders exist as stop-market orders.
A slippage of 2 ticks was used to simulate more realistic stop-market orders. A verify limit order settings of 2 ticks was also used. Even though BTCUSDT.P on Binance is liquid, we just want the backtest to be on the safe side. Additionally, the backtest traded 100+ trades over the period. The higher the sample size the better; however, this example test can serve as a starting point for traders interested in ICT concepts.
Community Assistance And Feedback
Given the complexity and idiosyncratic applications of ICT concepts amongst its proponents, the ICT Master Suite’s built-in strategies and level identification methods might not align with everyone's interpretation.
That said, the best we can do is precisely define ICT strategy rules and concepts to a repeatable process, test, and apply them! Whether or not an ICT strategy is trading precisely how you would trade it, seeing the model in action, taking trades, and with performance statistics is immensely helpful in assessing predictive utility.
If you think we missed something, you notice a bug, have an idea for strategy model improvement, please let us know! The ICT Master Suite is an ongoing project that will, ideally, be shaped by the community.
A big thank you to the @PineCoders for their Time Library!
Thank you!
Big Volume Highlighter ADVANCEDBIG VOLUME HIGHLIGHTER INDICATOR ADVANCED
The BIG VOLUME INDICATOR ADVANCED is an essential tool for traders who want to gain a deeper understanding of market dynamics through volume analysis. This advanced indicator highlights significant volume spikes, enabling traders to make more informed decisions based on market activity and price movements.
Key Features:
Customizable Lookback Period: Define the number of candles over which the highest volume is calculated, allowing you to adjust the analysis to fit your specific trading strategy and timeframe.
Approximate Volume Matching: Activate the approximate volume matching feature to identify candles that fall within a specified range of a target volume. This feature is particularly valuable for capturing notable volume spikes that may not match your exact input but are within an acceptable tolerance.
Flexible Volume Units: Input volumes in various units (Hundreds, Thousands, Millions, or Billions) to cater to your trading preferences. This flexibility ensures that you can analyze volume data in a way that aligns with your trading style.
Dynamic Tolerance Calculation: Set a percentage-based tolerance for volume matching, allowing for greater flexibility. For instance, if you input a volume of 600 million with a tolerance of 1.5%, the indicator will highlight candles with volumes ranging from 591 million to 609 million.
Visual Alerts: Highlighted candles are marked with clear, color-coded labels positioned above the bars. Green labels represent bullish candles, while red labels denote bearish candles, providing immediate visual feedback on market sentiment.
Mobile and Desktop Compatibility: Designed for seamless integration with TradingView, this indicator is accessible on both desktop and mobile devices, ensuring that you can monitor the market wherever you are.
How to Use:
Set the Lookback Period: Adjust the lookback period to analyze a specific number of candles for volume spikes.
Enable Approximate Volume Matching: If desired, toggle the approximate volume matching feature and enter your target volume, selecting the appropriate unit.
Adjust Tolerance: Define the tolerance percentage to specify how close the volume must be to your input for it to be considered significant.
Analyze the Chart: Observe the highlighted candles on your chart, which indicate significant volume activity based on your criteria.
Make Informed Decisions: Leverage the insights provided by the indicator to guide your trading decisions, identifying potential entry or exit points based on volume analysis.
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Profitable Mondays & Losing FridaysHere's a Pine Script that marks profitable Mondays and losing Fridays for a given stock:
Explanation
Input Parameter: The script allows you to input the stock symbol, defaulting to SPX.
Daily Returns: It calculates the daily return based on the closing price.
Day Identification: It checks if the current day is Monday or Friday.
Conditions:
Profitable Mondays: Marks with a green background if Monday's return is positive.
Losing Fridays: Marks with a red background if Friday's return is negative.
Visualization: Uses bgcolor to highlight the respective days on the chart.
You can adjust the stockSymbol input to analyze different stocks.
Price Action All In OneThis indicator represents the most advanced level of price action indicators, incorporating six useful features: traditional gaps, shadow gaps, bar counting, moving averages, previous values, and IO pattern matching .
When I refer to price action, I mean the teachings of Dr. Al Brooks.
While you can find these features in other indicators, mine is more advanced. The default settings are designed to work on a 5-minute timeframe, but you can also use this indicator on other time periods if you prefer.
Gaps
Traditional Gaps: Occurs when the lowest price of a bar is higher than the highest price of the previous bar, or the highest price of a bar is lower than the lowest price of the previous bar.
Shadow/Tail Gaps: Occurs when the lowest price of a bar is higher than the highest price of the second last bar, or the highest price of a bar is lower than the lowest price of the second last bar.
Gaps indicate strength, and consecutive gaps in one direction are characteristic of a strong trend. They offer a perspective on the strength of a trend, signifying that limit orders on one side are at a loss with no opportunity to exit at breakeven. Can bulls or bears create gaps? Are the gaps they create filled, or do they remain open?
Traditional Gaps & Shadow/Tail Gaps
Bar Counting
The ability to use different timeframes (e.g., to determine the minute within an hour or the hour within a week).
Consistent display of 1; in other indicators, if you set intervals to 2, you see 2, 4, 6, etc., or 1, 2, 4, 6. In my indicator, you will see 1, 3, 5, etc.
In intraday trading, certain specific times are more important than others. For example, a form of reversal is more likely to occur at the midpoint of the trading day (if there are 80 candles in a day, the midpoint is at the 40th candle).
This doesn't mean you should make reversal trades at the 40th candle. The bar count feature simply reminds you of the current time, helping you gauge how long until the trading day ends. For instance, if there are 80 candles in a day and you're an intraday trader, you probably shouldn't make a swing trade at the 70th candle because there are only 10 candles left until the close—likely not enough time for a swing to develop.
Additionally, if you trade on a 5-minute timeframe, seeing candles numbered 3, 6, 9, etc. indicates the close of a 15-minute candle. This means that in addition to 5-minute timeframe traders, 15-minute timeframe traders will also pay attention to these candles, making them more significant. For the same reason, the 12th candle is crucial, as its close also marks the close of an hourly candle.
Day Time Frame & Week Time Frame
Moving Averages
Provides three EMAs. You can set different timeframes and choose between continuous or discrete modes.
Moving averages are excellent tools for determining trends. The 20 EMA is particularly popular, which increases its significance. Traders using different timeframes, such as 5-minute, 15-minute, and 1-hour, all utilize the 20 EMA. This indicator allows you to see what traders on 15-minute and 1-hour timeframes are observing, even when you're on a 5-minute timeframe.
Once again, the default settings of this indicator assume that the user is trading intraday on a 5-minute timeframe. However, if that's not the case, you can easily adjust the moving average periods. For instance, if you trade on a 1-hour timeframe and want to display the 4-hour and daily moving averages on your chart, this can be done effortlessly.
5m 20, 15m 20 & 1h 20
Previous Values
Features three previous value displays. You can set their sources and timeframes independently and define the range for all previous values.
For intraday trading, marking the previous day's high, low, and close prices can be crucial. While some other indicators provide this feature, mine does it better. You can set different timeframes and choose various sources. For example, you might want to display the average of (O+H+L+C)/4 for the last week.
In addition to setting the timeframe and source, you can also configure the display range:
All: This will show the data in all positions. For example, you can see the high price from two days ago on yesterday's chart.
Today: This will only display the previous day's high price on the current day's chart.
Timeframe: This will display the data based on the specified timeframe you set.
Last Week High, Last Day Close & Low(Timeframe Display)
IO Pattern Matching
More advanced than other IO pattern matching indicators. For adjacent IIs, it merges to display as III, IIII, and so on. The same applies to OO patterns. Additionally, it automatically merges adjacent IOI and II into IOII, and adjacent OO and IOI into IIOI.
II Pattern: This refers to two consecutive inside bar candles. On a lower timeframe, the II pattern forms a converging triangle, which is a breakout pattern. The II pattern could also potentially become a final flag, which is the last flag in a trend.
OO Pattern: This refers to two consecutive outside bar candles. On a lower timeframe, the OO pattern forms an expanding triangle. You can use the OO pattern similarly to how you would use an expanding triangle.
IOI Pattern: This pattern occurs when the first candle is contained within the second candle, and the third candle is also contained within the second candle. This is a breakout pattern and could similarly represent a terminal flag in a trend.
The appearance of II, OO, or IOI patterns does not necessarily mean you should make a reversal trade. These patterns are meant to mark potential moves in a lower timeframe within the current cycle, providing a new perspective on the market and reminding you to stay vigilant.
You shouldn't look for IO patterns in a tight trading range. There are many IO patterns in a tight trading range, but they don't hold much significance.
II, OO & IOI
AndreundCristianIndicator Overview:
The "Trade Signals with Volume" indicator is a custom script that generates buy and sell signals based on the crossover of two moving averages (a fast one and a slow one) and adds a volume filter to validate these signals. It plots these signals directly on the chart, using arrows or labels to indicate where buy and sell signals occur.
Key Features:
Moving Averages (MA):
The indicator uses two Simple Moving Averages (SMA): a fast SMA and a slow SMA.
A buy signal is triggered when the fast MA crosses above the slow MA, signaling potential bullish momentum.
A sell signal is triggered when the fast MA crosses below the slow MA, indicating potential bearish momentum.
Volume Filter:
To ensure that signals are more reliable, the indicator only triggers a buy or sell signal if the volume is above a certain threshold. This threshold can be adjusted by the user in the input settings.
For example, if the volume exceeds 100,000 (or any set value), and a crossover occurs, the signal is validated.
Visual Representation:
Buy signals are represented with green labels or arrows below the price bars.
Sell signals are represented with red labels or arrows above the price bars.
The MAs are also plotted on the chart for visual reference.
Input Parameters:
Fast Moving Average Length: The number of periods for the fast SMA (default is 9 periods).
Slow Moving Average Length: The number of periods for the slow SMA (default is 21 periods).
Volume Threshold: The minimum volume required to validate a buy or sell signal (default is 100,000).
Prometheus Fractal-Based TrendThe Fractal-Based Trend indicator is a tool that uses fractals to try and detect which direction an underlying will continue to go.
Calculation:
A bullish fractal occurs when the current bar's high is lower than the previous bar high, and the previous bar's high is higher than both the high from two bars ago and the high from three bars ago.
A bearish fractal happens when the current bar's low is higher than the previous bar's low, and the previous bar's low is lower than both the low from two bars ago and the low from three bars ago.
When a bullish or bearish fractal forms, the corresponding value stored is the previous bar high for a bearish fractal or the previous bar's low for a bullish fractal.
The trade scenarios are when these fractals occur, a green or red label being plotted on the chart for whatever direction it predicts.
Trade examples:
We see on this daily chart of AMEX:SPY that the fractals represent the potential for a directional trade that can last a few days. The more volatile a chart is the more of these fractals we can see.
We see on this 5 minute chart for NASDAQ:TSLA there is way more activity, there are more sporadic candles on a lower time frame, so we can see more anomalies in the price action.
We see this to be true for BITSTAMP:BTCUSD even on a daily time frame, since it is very volatile. There are a lot of these labels plotted.
This is the perspective we aim to provide. We encourage traders to not follow indicators blindly. No indicator is 100% accurate. This one can give you a different perspective of price strength with volatility. We encourage any comments about desired updates or criticism!
STANDARD DEVIATION INDICATOR BY WISE TRADERWISE TRADER STANDARD DEVIATION SETUP: The Ultimate Volatility and Trend Analysis Tool
Unlock the power of STANDARD DEVIATIONS like never before with the this indicator, a versatile and comprehensive tool designed for traders who seek deeper insights into market volatility, trend strength, and price action. This advanced indicator simultaneously plots three sets of customizable Deviations, each with unique settings for moving average types, standard deviations, and periods. Whether you’re a swing trader, day trader, or long-term investor, the STANDARD DEVIATION indicator provides a dynamic way to spot potential reversals, breakouts, and trend-following opportunities.
Key Features:
STANDARD DEVIATIONS Configuration : Monitor three different Bollinger Bands at the same time, allowing for multi-timeframe analysis within a single chart.
Customizable Moving Average Types: Choose from SMA, EMA, SMMA (RMA), WMA, and VWMA to calculate the basis of each band according to your preferred method.
Dynamic Standard Deviations: Set different standard deviation multipliers for each band to fine-tune sensitivity for various market conditions.
Visual Clarity: Color-coded bands with adjustable thicknesses provide a clear view of upper and lower boundaries, along with fill backgrounds to highlight price ranges effectively.
Enhanced Trend Detection: Identify potential trend continuation, consolidation, or reversal zones based on the position and interaction of price with the three bands.
Offset Adjustment: Shift the bands forward or backward to analyze future or past price movements more effectively.
Why Use Triple STANDARD DEVIATIONS ?
STANDARD DEVIATIONS are a popular choice among traders for measuring volatility and anticipating potential price movements. This indicator takes STANDARD DEVIATIONS to the next level by allowing you to customize and analyze three distinct bands simultaneously, providing an unparalleled view of market dynamics. Use it to:
Spot Volatility Expansion and Contraction: Track periods of high and low volatility as prices move toward or away from the bands.
Identify Overbought or Oversold Conditions: Monitor when prices reach extreme levels compared to historical volatility to gauge potential reversal points.
Validate Breakouts: Confirm the strength of a breakout when prices move beyond the outer bands.
Optimize Risk Management: Enhance your strategy's risk-reward ratio by dynamically adjusting stop-loss and take-profit levels based on band positions.
Ideal For:
Forex, Stocks, Cryptocurrencies, and Commodities Traders looking to enhance their technical analysis.
Scalpers and Day Traders who need rapid insights into market conditions.
Swing Traders and Long-Term Investors seeking to confirm entry and exit points.
Trend Followers and Mean Reversion Traders interested in combining both strategies for maximum profitability.
Harness the full potential of STANDARD DEVIATIONS with this multi-dimensional approach. The "STANDARD DEVIATIONS " indicator by WISE TRADER will become an essential part of your trading arsenal, helping you make more informed decisions, reduce risks, and seize profitable opportunities.
Who is WISE TRADER ?
Wise Trader is a highly skilled trader who launched his channel in 2020 during the COVID-19 pandemic, quickly building a loyal following. With thousands of paid subscribed members and over 70,000 YouTube subscribers, Wise Trader has become a trusted authority in the trading world. He is known for his ability to navigate significant events, such as the Indian elections and stock market crashes, providing his audience with valuable insights into market movements and volatility. With a deep understanding of macroeconomics and its correlation to global stock markets, Wise Trader shares informed strategies that help traders make better decisions. His content covers technical analysis, trading setups, economic indicators, and market trends, offering a comprehensive approach to understanding financial markets. The channel serves as a go-to resource for traders who want to enhance their skills and stay informed about key market developments.
ICT Panther (By Obicrypto) V1 ICT Panther Indicator: Full and Detailed Description
The ICT Panther Indicator, created by Obicrypto, is an advanced technical analysis tool designed specifically for traders looking to identify key price action events based on institutional trading techniques, particularly in the context of the Inner Circle Trader (ICT) methodology. This indicator helps traders spot market structure breaks, order blocks, and potential trade opportunities driven by institutional behaviors in the market. Here's a detailed breakdown of its features and how it works:
What Does the ICT Panther Indicator Do?
1. Market Structure Breaks (MSB) Identification:
The ICT Panther identifies critical points where the market changes direction, commonly referred to as a break of structure (BoS). When the price breaks above or below certain key levels (based on highs and lows or opens and closes), it signals a potential shift in market sentiment. These break-of-structure points are essential for traders to determine whether the market is likely to continue its trend or reverse.
2. Order Blocks Visualization:
The indicator plots demand (bullish) and supply (bearish) boxes, which represent areas where institutional traders might place significant buy or sell orders. These zones, known as order blocks, are areas where the price tends to pause or reverse, giving traders key insights into potential entry and exit points. The indicator shows these areas graphically as colored boxes on the chart, which can be used to plan trades based on market structure and price action.
3. Pivot Point Detection:
The ICT Panther identifies important pivot points by tracking higher highs and lower lows. These pivot points are critical in determining the strength of a trend and can help traders confirm the direction of the market. The indicator uses a unique algorithm to detect two levels of pivot points:
- First-Order Pivots: Major pivot points where the price makes notable highs and lows.
- Second-Order Pivots: Smaller pivot points, useful for detecting microtrends within the larger market structure.
4. Bullish and Bearish Break of Structure Lines:
When a significant market structure break (BoS) occurs, the indicator will automatically draw red lines (for bearish break of structure) and green lines (for bullish break of structure) at key price levels. These lines help traders quickly see where institutional moves have occurred in the past and where potential future price moves could originate from.
5. Tested and Filled Boxes:
The ICT Panther also has a built-in mechanism to dim previously tested order blocks. When the price tests an order block (returns to a previous demand or supply zone), the box's color dims to indicate that the area has already been tested, reducing its significance. If the price fully fills an order block, the box stops plotting, providing a clear and clutter-free chart.
Key Features
1. Market Structure Break (MSB) Trigger:
- The indicator allows users to select between highs/lows or opens/closes as the trigger for market structure breaks. This flexibility lets traders adjust the indicator to suit their personal trading style or the behavior of specific assets.
2. Order Block Detection and Visualization:
- The tool automatically plots bullish and bearish demand and supply boxes, representing institutional order blocks on the chart. These boxes provide visual cues for areas of potential price action, where institutional traders might be active.
3. Second-Order Pivot Highlighting:
- The ICT Panther offers an option to plot second-order pivots, highlighting smaller pivot points within the larger market structure. These pivots can be helpful for short-term traders who need to react to smaller price movements while still keeping the larger trend in mind.
4. Box Test and Fill Delays:
- Users can configure delays for box tests and box fills, meaning the indicator will only mark a box as tested or filled after a certain number of bars. This prevents false signals and helps confirm that a zone is truly significant in the market.
5. Customization and Visual Clarity:
- The indicator is highly customizable, allowing users to turn on or off various features like:
- Displaying second-order pivots.
- Highlighting candles that broke structure.
- Plotting market structure broke lines.
- Showing or hiding tested and filled demand boxes.
- Setting custom delays for box testing and filling to suit different market conditions.
6. Tested and Filled Order Block Visualization:
- The indicator visually adjusts the tested and filled order blocks, dimming tested zones and removing filled zones to avoid clutter on the chart. This ensures that traders can focus on active trading opportunities without distractions from historical data.
How Does It Work?
1. Detecting Market Structure Breaks (BoS):
- The indicator continuously tracks the market for key price action signals. When the price breaks through previous highs or lows (or opens and closes, depending on your selection), the indicator marks this as a break of structure. This is a critical signal used by institutional traders and retail traders alike to determine potential future price movements.
2. Order Block Identification:
- Whenever a bullish break of structure occurs, the indicator plots a green demand box to show the area where institutional buyers might have placed significant orders. Similarly, for a bearish break of structure, it plots a red supply box representing areas where institutional sellers are active.
3. Pivot Analysis and Tracking:
- As the market moves, the indicator continuously updates first-order and second-order pivot points based on highs and lows. These points help traders identify whether the market is trending or consolidating. Traders can use these pivot points in combination with the order blocks to make informed trading decisions.
4. Box Testing and Filling:
- When the price retests an existing order block, the box dims to show it has been tested. If the price fully fills the box, it is no longer shown, which helps traders focus on the most relevant, untested order blocks.
Benefits for Traders
- Improved Decision-Making: With clear visuals and advanced logic based on institutional trading strategies, this indicator provides a deeper understanding of market structure and price action.
- Reduced Clutter: The indicator intelligently manages the display of order blocks and pivot points, ensuring that traders focus only on the most relevant information.
- Adaptability: Whether you are a swing trader or a day trader, the ICT Panther can be adjusted to fit your trading style, offering robust and flexible tools for tracking market structure and order blocks.
- Institutional Edge: By identifying institutional-level order blocks and market structure breaks, traders using this indicator can trade in line with the strategies of large market participants.
Who Should Use the ICT Panther Indicator?
This indicator is ideal for:
- Crypto, Forex, and Stock Traders who want to incorporate institutional trading concepts into their strategies.
- Technical Analysts looking for precise tools to measure the market structure and price action.
- ICT Traders who follow the Inner Circle Trader methodology and want an advanced tool to automate and enhance their analysis.
- Price Action Traders seeking a reliable indicator to track pivot points, order blocks, and market structure breaks.
The ICT Panther Indicator is a powerful, versatile tool that brings institutional trading techniques to the fingertips of retail traders. Whether you are looking to identify key market structure breaks, order blocks, or crucial pivot points, this indicator offers detailed visualizations and customizable options to help you make more informed trading decisions. With its ability to track the activities of institutional traders, the ICT Panther Indicator equips traders with the insights needed to stay ahead of the market and trade with confidence.
With the ICT Panther Indicator, traders can follow the movements of institutional money, making it easier to predict market direction and capitalize on high-probability trading opportunities.
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Bitcoin 100 Pips Indicator 5Bitcoin 100 Pips Indicator
Description: The Bitcoin 100 Pips Indicator is a powerful tool designed for traders who seek to capitalize on rapid price movements in the Bitcoin market. This indicator provides clear entry and exit signals based on a combination of price action analysis and pre-defined profit targets.
Key Features:
Quick Entry and Exit Signals: The indicator generates buy and sell signals in real-time, allowing traders to enter and exit positions quickly and effectively.
Targeting 100 Pips: Specifically designed to target 100 pips of profit for each trade, this indicator sets clear take profit and stop loss levels, helping traders manage their risk and reward effectively.
User-Friendly Interface: With easily visible signals and annotations directly on the chart, the indicator enhances your trading experience without cluttering your view.
Adjustable Settings: Traders can customize the pip target and stop loss levels according to their individual strategies, providing flexibility to accommodate different trading styles.
Ideal for Short-Term Trading: Whether you are a scalper or a day trader, this indicator is optimized for M5 and M15 timeframes, making it ideal for capturing quick price movements in the volatile Bitcoin market.
How to Use:
Apply the Bitcoin 100 Pips Indicator to your chart and select your preferred trading timeframe (M5 or M15).
Look for buy signals indicated by green labels when market conditions favor upward movement.
Conversely, watch for sell signals marked by red labels during downward trends.
Use the provided take profit and stop loss levels to manage your trades effectively.
Disclaimer: This indicator is for informational purposes only and does not guarantee profits. Always practice proper risk management and conduct your own analysis before trading.
Custom Candlestick Pattern IndicatorCustom Candlestick Pattern Indicator - Buy Signal Based on Green Candles Breaking Previous Lows
Overview:
This custom candlestick pattern indicator is designed to highlight potential buy opportunities based on a simple yet powerful candlestick pattern. The indicator identifies green candles that break below the low of the previous candle. This combination may signal a potential market reversal or a bullish continuation after a pullback, depending on the market context. Traders can use this indicator to detect areas where prices may be bouncing from recent lows, indicating a potential buying opportunity.
Pattern Explanation:
The strategy underlying this indicator is a two-part condition that must be met before a buy signal is generated:
Green Candle: A green candle forms when the closing price of the current candle is higher than its opening price. This visually represents bullish momentum as buyers have taken control, closing the price higher than where it opened.
Breaking the Previous Low: The low of the current candle must be lower than the low of the previous candle. This suggests that, despite initial bearish pressure during the candle formation (which drove the price below the previous candle's low), buyers stepped in to push the price higher by the candle’s close. This pattern can signify a potential reversal or bullish continuation, as it demonstrates that buyers are overcoming initial selling pressure.
When the Pattern Occurs:
This pattern is particularly interesting to traders who look for potential reversal signals after a brief decline in price.
It may also work well in markets where pullbacks are common, as this pattern could mark the end of a retracement and the resumption of the bullish trend.
How the Indicator Works:
Green Candle: The indicator first identifies a green candle, where the close of the candle is greater than its open (close > open). This signals that the current period closed higher than it opened, which is generally a bullish sign.
Breaking Previous Low: The indicator checks if the current candle's low is below the low of the previous candle (low < low ). If this condition is met, it means the price dropped below the previous candle's low but was still able to close higher (green candle), signaling a potential reversal or buying opportunity.
Buy Signal: If both conditions are true (green candle + breaking previous low), the indicator plots a buy signal below the candle in the form of an upward-facing triangle labeled "Buy" in green. This serves as a visual cue for traders to consider entering a buy position.
Optional Previous Low Plot: For added reference, the indicator plots the previous candle's low as a red step-line on the chart. This helps traders visualize when the price has dipped below the prior candle's low, making it easier to spot instances where the pattern is forming.
How to Use:
This indicator can be used across multiple timeframes, whether you’re trading short-term intraday patterns or longer-term swing trades.
It works well in markets that experience pullbacks or minor retracements, as the pattern it identifies suggests a rejection of lower prices followed by a push higher.
Traders can combine this indicator with other technical analysis tools (such as moving averages, support/resistance levels, or momentum oscillators) to strengthen the buy signals and add more context to the trading decision.
Example Scenarios:
Reversal Signal: Suppose a market has been in a minor downtrend, and suddenly a green candle forms after a low that breaks the previous day’s low. This indicator would generate a buy signal, suggesting the downtrend may be losing strength and that buyers are taking control. This could be an early indication of a reversal.
Bullish Continuation After Pullback: Imagine a market in a steady uptrend experiences a temporary pullback. The price breaks the previous candle’s low, but the current candle closes higher (green candle). This buy signal could indicate that the pullback is over, and the uptrend is likely to continue.
Advantages:
Simplicity: This indicator relies on basic price action (green candles and lows) without requiring complicated indicators or oscillators, making it easy to understand and use.
Visual Alerts: The plotted buy signals and previous lows provide a clear, visual representation on the chart, simplifying decision-making for traders.
Versatility: It can be applied across different timeframes and asset classes (stocks, forex, crypto, etc.), making it a versatile tool for all kinds of traders.
Limitations:
As with any single indicator or pattern, this should not be used in isolation. It is important to incorporate broader market context, support/resistance levels, and other forms of analysis to avoid false signals.
The pattern tends to be more effective when there’s sufficient market liquidity and may perform better in trending or volatile markets compared to sideways or flat markets.
SMT Divergences [OutOfOptions]Smart Money Technique (SMT) Divergence is designed to identify discrepancies between correlated assets within the same timeframe. It occurs when two related assets exhibit opposing signals, such as one forming a higher low while the other forms a lower low. This technique is particularly useful for anticipating market shifts or reversals before they become evident through other Premium Discount (PD) Arrays.
This indicator works by identifying the highs and lows that have formed for an asset on the current chart and the correlated symbol defined in the settings. Once a pivot on either asset is formed, it checks if the pivot has taken liquidity as identified by the previous pivot in the same direction (i.e., a new high taking out a previous high). If this is the case and the corresponding asset has not taken a similar pivot, the condition is determined to be a potential valid divergence. The indicator will then filter out SMTs formed by adjacent candles, requiring at least one candle difference between the candles forming the SMT.
If the “Candle Direction Validation” setting is enabled, the indicator will further check both assets to ensure that for bullish SMTs, the last high on both assets was formed by down candle, and for bearish SMTs, the low was formed by an up candle. This check can often eliminate low-probability SMTs that are frequently broken.
The referenced chart shows divergence between Nasdaq (NQ) and S&P 500 (ES) futures, which are normally closely correlated assets that move in the same direction. The lines shown represent bullish and bearish divergences between the two when they are formed. As you can see from the chart, SMT Divergences may not always indicate a reversal, or a reversal might be just a short-term retrace. Therefore, SMT Divergences should not be used independently. However, in conjunction with other PD arrays, they can provide strong confirmation of a change in market direction.
Configurability:
Pivot strength - Indicates how many bars to the left/right of a high for pivot to be considered, recommended to keep at 1 for maximum detection speed
Candle Direction Validation - Additional SMT validation to filter out weak/low-probability SMTs be examining candle direction
Line Styling for Bullish/Bearish SMTs - Ability to customize line style, color & width for bullish/bearish SMTs
Label Control - Whether or not to show SMT label and if shown what font size & color should be used
What makes this indicator different:
Unlike other SMT indicators, this indicators has additional built-in controls to remove low-probability SMTs
Financial Crisis Predictor - Doomsday ClockThe **Financial Crisis Predictor - Doomsday Clock** is a composite indicator that evaluates multiple market conditions to determine financial risk levels. It combines four key metrics: market volatility (via VIX), yield curve spread, stock market momentum, and credit risk (via high-yield spread). Each metric contributes to a weighted "risk score," scaled between 0 and 100, which helps gauge the probability of a financial crisis. Here's a breakdown of how it works:
### 1. **Market Volatility (VIX)**
- **How it's measured:**
- Uses the VIX index, which represents expected market volatility.
- Applies two exponential moving averages (EMAs) to smooth out the data—one fast and one slow.
- Triggers a signal if the fast EMA crosses above the slow EMA and VIX exceeds a defined threshold (default is 30).
- **Weighting:**
- Contributes up to 35% of the total risk score when active.
### 2. **Yield Curve Spread**
- **How it's measured:**
- Takes the difference between the yields of 10-year and 2-year U.S. Treasury bonds (inversion indicates recession risk).
- If the spread drops below a certain threshold (default is 0.2), it signals a potential recession.
- **Weighting:**
- Contributes up to 25% of the risk score.
### 3. **Stock Market Momentum**
- **How it's measured:**
- Analyzes the S&P 500 (SPY) using a 20-day EMA for price momentum.
- Checks for a cross under the 20-day EMA and if the 5-day rate of change (ROC) is less than -2.
- This combination signals bearish market momentum.
- **Weighting:**
- Contributes up to 20% of the risk score.
### 4. **Credit Risk (High Yield Spread)**
- **How it's measured:**
- Assesses high-yield corporate bond spreads using EMAs, similar to the VIX logic.
- A crossover of the fast EMA above the slow EMA combined with spreads exceeding a defined threshold (default is 5.0) indicates increased credit risk.
- **Weighting:**
- Contributes up to 20% of the total risk score.
### 5. **Risk Score Calculation**
- The final **risk score** ranges from 0 to 100 and is calculated using the weighted sum of the four indicators.
- The score is smoothed to minimize false signals and maintain stability.
### 6. **Risk Zones**
- **Extreme Risk:** If the risk score is ≥ 75, indicating a severe crisis warning.
- **High Risk:** If the risk score is between 15 and 75, signaling heightened risk.
- **Moderate Risk:** If the risk score is between 10 and 15, representing potential concerns.
- **Low Risk:** If the risk score is < 10, suggesting stable conditions.
### 7. **Visual & Alerts**
- The indicator plots the risk score on a chart with color-coded backgrounds to indicate risk levels: green (low), yellow (moderate), orange (high), and red (extreme).
- Alert conditions are set for each risk zone, notifying users when the risk level transitions into a higher zone.
This indicator aims to quickly detect potential financial crises by aggregating signals from key market factors, making it a versatile tool for traders, analysts, and risk managers.
Master Candle Breakout V1 Master Candle Breakout V1 - Indicator Description
The Master Candle Breakout V1 indicator is a powerful price action-based tool designed to help traders identify and capitalize on breakout opportunities from consolidation phases. This indicator is particularly useful for identifying master candles, which are large candles that encompass the range of subsequent candles, creating a key level of support or resistance. Once the price breaks above or below the range of the master candle, the indicator provides clear buy or sell signals, allowing traders to ride the momentum of the breakout.
Key Features:
Master Candle Detection: The indicator identifies master candles based on a user-defined period, marking them on the chart as critical breakout points.
Buy and Sell Signals: When the price breaks above the master candle's high, a buy signal is plotted. Similarly, when the price breaks below the master candle's low, a sell signal is generated. These signals are displayed on the chart with customizable shapes (diamonds, arrows, circles, crosses) and colors for easy visualization.
Stop-Loss Level Display: For risk management, the indicator calculates and plots a stop-loss level based on user-defined ticks above or below the master candle's high or low. The stop-loss value is shown as a label next to the signal, helping traders manage risk effectively.
Customizable Colors and Shapes: Users can fully customize the appearance of the signals, including the color of the buy/sell diamonds, the stop-loss label text color, and the type of shape used for the signals.
Versatile Application: The Master Candle Breakout V1 can be applied to any timeframe and market, from forex and stocks to commodities and cryptocurrencies, making it a highly versatile tool for traders of all types.
How to Use:
Master Candle Period: Define how many candles should follow the master candle for confirmation.
Stop Loss Ticks: Set the number of ticks above or below the master candle to define your stop-loss level.
Entry Signals: Once the price closes outside the high or low of the master candle, enter the trade accordingly (buy on breakouts above the high, sell on breakouts below the low).
Risk Management: Use the stop-loss level provided by the indicator to minimize losses and protect your capital.
This indicator is perfect for traders who prefer a simple, price-action-based strategy and want to avoid the clutter of traditional indicators. By focusing on the core principle of breakouts, Master Candle Breakout V1 helps traders quickly identify consolidation zones and potential breakout trades.
G-Channel with EMA StrategyThe G-Channel is a custom channel with an upper (a), lower (b), and average (avg) line. These lines are dynamically calculated based on the current and previous closing prices, using the length input (default 100) to smooth the values:
Upper Line (a): This is the maximum value of the current price or the previous upper value, adjusted by the difference between the upper and lower lines divided by the length.
Lower Line (b): This is the minimum value of the current price or the previous lower value, similarly adjusted by the difference between the upper and lower lines.
The average line (avg) is simply the midpoint between the upper and lower lines. The G-Channel signals trend direction:
Bullish Condition: The system looks for the condition when the price crosses over the lower line (b), indicating a potential upward trend.
Bearish Condition: When the price crosses under the upper line (a), it signals a potential downward trend.
Exponential Moving Average (EMA)
The strategy also incorporates an EMA with a default length of 200. The EMA serves as a trend filter to determine whether the market is trending upward or downward:
Price below EMA: Indicates a bearish trend.
Price above EMA: Indicates a bullish trend.
Buy/Sell Conditions
The strategy generates buy or sell signals based on the interaction between the G-Channel signals and the price relative to the EMA:
Buy Signal: The strategy triggers a buy when:
A bullish condition (recent crossover of price over the lower G-Channel line) is detected.
The price is below the EMA, indicating that despite the recent bullish signal, the market might still be undervalued or in a temporary downturn.
Sell Signal: The strategy triggers a sell when:
A bearish condition (recent crossunder of price below the upper G-Channel line) is detected.
The price is above the EMA, suggesting that the market might be overextended and poised for a downturn.
Visualization
The strategy plots:
The upper, lower, and average lines of the G-Channel, with the average line colored based on bullish (green) or bearish (red) conditions.
The EMA (orange) line to provide context on the general trend direction.
Markers for Buy and Sell signals to visually indicate the strategy's entry points.
Strategy Execution
When a buy or sell signal is detected:
Buy Entry: If the bullish condition and price < EMA condition are met, a long (buy) position is opened.
Sell Entry: If the bearish condition and price > EMA condition are met, a short (sell) position is opened.
Purpose
This strategy aims to catch price reversals at critical points (when the price moves through the G-Channel) while filtering trades using the EMA to avoid entering during unfavorable market trends.
thinkCNE - Key with Multiple ColoursCustomisable Key with Multi-Coloured Highlights for Chart Annotations
Overview:
This Customizable Key indicator is designed to provide traders with a clear and visually customizable legend that can be displayed on their chart. It allows users to annotate their charts with up to 10 distinct labels, each paired with a unique color-coded square. This feature is especially useful when you need to visually differentiate between various technical elements on your chart, such as support/resistance levels, Fair Value Gaps (FVGs), or important pivot points.
Key Features:
Customizable Labels and Colors: Each row in the table can be customized with unique text and background colors. This flexibility allows traders to create a personalized key that reflects the specific elements they are tracking, such as monthly FVGs, daily supports, volume-based zones, or any other custom annotations.
Flexible Number of Rows: The user can enable or disable rows as needed, which ensures that the table only shows relevant information. If fewer than 10 rows are required, the unused rows can be hidden from view, maintaining a clean and uncluttered chart.
Dynamic Table Placement: The key can be placed at different positions on the chart (top-right, middle-right, or bottom-right), giving users control over where the key appears to avoid covering important parts of their technical analysis.
Adjustable Size and Text Format: Users can customize the size of the color squares, the text, and even the overall appearance of the table. The text size can range from small to huge, making the labels easy to read based on personal preferences.
Use Cases:
Annotating Key Technical Zones: The indicator is perfect for annotating multiple technical zones or levels that require consistent attention. For example, traders can label areas like "Monthly FVG," "Daily Support," "Key Resistance," or even "Volume Spike," and color-code them accordingly for quick reference.
Drawing Clarity: A well-organized chart is essential for clear decision-making. This indicator enhances clarity by visually categorizing different chart features, making it easier to quickly interpret the chart without confusion. The customizable color squares ensure that users can quickly identify which technical element corresponds to which label on the chart.
Visual Aid for Strategy Execution: For traders using strategies involving multiple indicators, support and resistance lines, or patterns, this key helps keep track of all the elements, especially when several overlapping annotations might clutter the chart. It allows users to draw specific attention to key areas of interest and explain the rationale for each one.
Educational & Presentational Tool: If you're conducting trading education sessions or presentations, this indicator can serve as a powerful tool to explain concepts in real-time. You can present your chart with clearly marked zones or levels, where each color and label explains the reasoning behind your analysis. It’s a professional tool for walkthroughs or strategy breakdowns.
Benefits:
Enhanced Visual Organization: The color-coded squares and corresponding labels make it easier to maintain organization within a busy chart. Traders can distinguish between multiple chart elements at a glance, which enhances their focus on critical zones or setups.
Improved Decision-Making: By clearly labeling and color-coding areas of importance, traders can reduce the time it takes to assess the chart and make decisions, as the key provides a concise reference.
Customizable to Individual Needs: Traders can adapt the indicator to their specific trading style and chart elements, whether they're swing traders marking longer-term zones or day traders focusing on short-term levels.
Clarity on Complex Charts: For traders using charts with several indicators and drawings, the ability to clearly define what each color and label represents ensures that the chart remains understandable, even with multiple overlays.
Three-Bar Reversal SignalThis indicator is a simple setup of Three Bar Reversal. Logic of the code is as below.
Rules :
Long Setup
Bar 1 closes down
Low of Bar 2 is below the low of Bar 1 (and Bar 3)
Bar 3 closes above the high of both Bar 1 and Bar 2
Buy at the close of Bar 3
Short Setup
Bar 1 closes up
High of Bar 2 is above the high of Bar 1 (and Bar 3)
Bar 3 closes below the low of both Bar 1 and Bar 2
Sell at the close of Bar 3
Futures Globex Session(s)This indicator draws a box around the Globex Session for the various Futures markets. The box height defines the highs and lows of that session, and the width defines the timeframe of that session. The boxes are outlined green if price rose during that period, and red if price fell during that period. The default Globex Session is set for the Equity Index Futures and is set in the UTC-4 time zone (Eastern Time). In the settings you can adjust the session time and time zone of your Globex Session to reflect the trading times of that market. Below are the session times for various Futures markets set in time zone UTC-4.
Equity Indexes: 18:00 - 9:30
(ES, NQ, YM, RTY)
Treasuries: 18:00 - 8:20
(ZN, ZB)
Metals: 18:00 - 8:20
(GC)
Energies: 18:00 - 9:00
(CL, NG)
Agricultures: 20:00 - 9:30
(ZS, ZW)
Wolfpack Elite - Liquidation Sniper - by 9123416916### Strategy: **Wolfpack Elite - Liquidation Sniper by Md Arif**
**Overview:**
This is a technical analysis strategy designed for trading, which combines two popular technical indicators: **Relative Strength Index (RSI)** and **Moving Averages (MA)**. It identifies potential buy (long) and sell (short) signals based on oversold and overbought conditions in the market, along with crossovers between two moving averages. The strategy also incorporates a risk management system by setting **take profit** and **stop loss** levels to protect against large losses and lock in gains.
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**Key Components:**
1. **Indicators Used:**
- **RSI (Relative Strength Index):**
- Measures the speed and change of price movements.
- Used to identify **overbought** (above 70) and **oversold** (below 30) conditions.
- **Short and Long Moving Averages:**
- The strategy uses two simple moving averages (SMA) to detect trends and potential entry points.
- Short MA (9-period) and Long MA (21-period) are used for crossovers.
2. **Entry Signals:**
- **Bullish Entry (Long Position):**
- Triggered when the RSI falls below the oversold level (30) and the **short MA** crosses above the **long MA** (bullish crossover).
- This suggests that the market might be oversold and ready to rebound.
- **Bearish Entry (Short Position):**
- Triggered when the RSI rises above the overbought level (70) and the **short MA** crosses below the **long MA** (bearish crossover).
- This suggests that the market might be overbought and due for a correction.
3. **Risk Management:**
- **Take Profit and Stop Loss:**
- The strategy calculates the take profit and stop loss levels as percentages of the entry price.
- **Take Profit:** Set at 5% above the entry price for long positions and 5% below the entry price for short positions.
- **Stop Loss:** Set at 3% below the entry price for long positions and 3% above the entry price for short positions.
4. **Position Sizing:**
- The position size is calculated as a percentage of the trader's total equity (default set to 100% of equity).
5. **Exit Conditions:**
- **For Long Positions:**
- Exit the trade if the price hits the take profit level (5% above entry) or the stop loss level (3% below entry).
- **For Short Positions:**
- Exit the trade if the price hits the take profit level (5% below entry) or the stop loss level (3% above entry).
6. **Visualization:**
- The strategy visually plots the short and long moving averages on the chart.
- It also marks **bullish crossovers** with green upward triangles and **bearish crossovers** with red downward triangles, making it easier to spot potential entry points.
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**How the Strategy Works:**
- The strategy starts by calculating the **RSI** and **moving averages**.
- It waits for specific conditions to trigger buy or sell signals. If the RSI indicates that the market is oversold and a bullish crossover occurs, it initiates a **long trade**. Similarly, if the RSI shows an overbought condition and a bearish crossover occurs, it opens a **short trade**.
- Once a trade is open, the strategy monitors the price and automatically exits the trade if the price reaches the set take profit or stop loss level.
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This strategy is designed for active traders who seek to capitalize on short-term price movements and want clear entry/exit points with built-in risk management.
Strategy: Candlestick Wick Analysis with Volume Conditions
This strategy focuses on analyzing the wicks (or shadows) of candlesticks to identify potential trading opportunities based on candlestick structure and volume. Based on these criteria, it places stop orders at the extremities of the wicks when certain conditions are met, thus increasing the chances of capturing significant price movements.
Trading Criteria
Volume Conditions:
The strategy checks if the volume of the current candle is higher than that of the previous three candles. This ensures that the observed price movement is supported by significant volume, increasing the probability that the price will continue in the same direction.
Wick Analysis:
Upper Wick:
If the upper wick of a candle represents more than 90% of its body size and is longer than the lower wick, this indicates that the price tested a resistance level before pulling back.
Order Placement: In this case, a Buy Stop order is placed at the upper extremity of the wick. This means that if the price rises back to this level, the order will be triggered, and the trader will take a buy position.
SL Management: A stop-loss is then placed below the lowest point of the same candle. This protects the trader by limiting losses if the price falls back after the order is triggered.
Lower Wick:
If the lower wick of a candle is longer than the upper wick and represents more than 90% of its body size, this indicates that the price tested a support level before rising.
Order Placement: In this case, a Sell Stop order is placed at the lower extremity of the wick. Thus, if the price drops back to this level, the order will be triggered, and the trader will take a sell position.
SL Management: A stop-loss is then placed above the highest point of the same candle. This ensures risk management by limiting losses if the price rebounds upward after the order is triggered.
Strategy Advantages
Responsiveness to Price Movements: The strategy is designed to detect significant price movements based on the market's reaction around support and resistance levels. By placing stop orders directly at the wick extremities, it allows capturing strong movements in the direction indicated by the candles.
Securing Positions: Using stop-losses positioned just above or below key levels (wicks) provides better risk management. If the market doesn't move as expected, the position is automatically closed with a limited loss.
Clear Visual Indicators: Symbols are displayed on the chart at the points where orders have been placed, making it easier to understand trading decisions. This helps to quickly identify the support or resistance levels tested by the price, as well as potential entry points.
Conclusion
The strategy is based on the idea that large wicks signal areas where buyers or sellers have tested significant price levels before temporarily retreating. By placing stop orders at the extremities of these wicks, the strategy allows capturing price movements when they confirm, while limiting risks through strategically placed stop-losses. It thus offers a balanced approach between capturing potential profit and managing risk.
This description emphasizes the idea of capturing significant market movements with stop orders while providing a clear explanation of the logic and risk management. It’s tailored for publication on TradingView and highlights the robustness of the strategy.
Ping Pong Bot StrategyOverview:
The Ping Pong Bot Strategy is designed for traders who focus on scalping and short-term opportunities using support and resistance levels. This strategy identifies potential buy entries when the price reaches a key support area and shows bullish momentum (a green bar). It aims to capitalize on small price movements with predefined risk management and take profit levels, making it suitable for active traders looking to maximize quick trades in trending or ranging markets.
How It Works:
Support & Resistance Calculation:
The strategy dynamically identifies support and resistance levels using the lowest and highest price points over a user-defined period. These levels help pinpoint potential price reversal areas, guiding traders on where to enter or exit trades.
Buy Entry Criteria:
A buy signal is triggered when the closing price is at or below the support level, and the bar is green (i.e., the closing price is higher than the opening price). This ensures that entries are made when prices show signs of upward momentum after hitting support.
Risk Management:
For each trade, a stop loss is calculated based on a user-defined risk percentage, helping to protect against significant drawdowns. Additionally, a take profit level is set at a ratio relative to the risk, ensuring a disciplined approach to exit points.
0.5% Take Profit Target:
The strategy also includes a 0.5% quick take profit target, indicated by an orange arrow when reached. This feature helps traders lock in small gains rapidly, making it ideal for volatile market conditions.
Customizable Inputs:
Length: Adjusts the period for calculating support and resistance levels.
Risk-Reward Ratio: Allows traders to set the desired risk-to-reward ratio for each trade.
Risk Percentage: Defines the risk tolerance for stop loss calculations.
Take Profit Target: Enables the customization of the quick take profit target.
Ideal For:
Traders who prefer an active trading style and want to leverage support and resistance levels for precise entries and exits. This strategy is particularly useful in markets that experience frequent price bounces between support and resistance, allowing traders to "ping pong" between these levels for profitable trades.
Note:
This strategy is developed mainly for the 5-minute chart and has not been tested on longer time frames. Users should perform their own testing and adjustments if using it on different time frames.
TEMA Crosses_AIT with Manual TEMA CalculationTitle: TEMA Crosses_AIT Indicator
Description:
The TEMA Crosses_AIT Indicator is designed for traders looking to leverage the Triple Exponential Moving Average (TEMA) to identify trend reversals and momentum shifts in the market. This indicator calculates both fast and slow TEMA lines and signals potential buy or sell opportunities based on crossovers between these two lines.
Key Features:
Fast TEMA (TEMAF):
Default period: 20 (adjustable)
Represents the short-term trend and reacts quickly to price changes.
Slow TEMA (TEMAS):
Default period: 200 (adjustable)
Represents the long-term trend, smoothing out price fluctuations to give a clearer view of the overall direction.
Signal Generation:
Long Signal: A long (buy) signal is generated when the fast TEMA crosses above the slow TEMA, indicating a potential upward trend.
Short Signal: A short (sell) signal is generated when the fast TEMA crosses below the slow TEMA, indicating a potential downward trend.
Color-coded Visualization:
The fast TEMA line is displayed in green when it is above the slow TEMA (bullish signal) and in red when below (bearish signal).
The slow TEMA line is displayed in white.
A yellow triangle appears below the price bar for long entries.
A fuchsia triangle appears above the price bar for short entries.
How It Works:
The indicator calculates the Triple Exponential Moving Average (TEMA) manually using exponential moving averages (EMA). The TEMA is calculated by subtracting the second EMA from three times the first EMA, then adding the third EMA. This provides a smoother trend line that reacts more quickly than a traditional EMA, making it ideal for spotting trend changes.
Customizable Inputs:
TEMAF Period: Adjust the period of the fast TEMA to fit your trading style.
TEMAS Period: Adjust the period of the slow TEMA to match the time frame you are analyzing.
Use Cases:
Trend Reversals: The crossovers between the fast and slow TEMA provide clear signals for potential trend reversals, which can be used to enter or exit trades.
Momentum Confirmation: The color-coded TEMA lines allow traders to easily identify whether the short-term momentum is aligned with the long-term trend, helping to confirm the strength of a move.
Recommendations:
This indicator works well with other momentum-based tools like RSI or MACD for confirming signals and identifying overbought or oversold conditions. It is suitable for use across different asset classes, including stocks, cryptocurrencies, forex, and commodities.
Disclaimer:
The TEMA Crosses_AIT indicator should not be used as a standalone trading strategy. It is recommended to combine this indicator with other forms of analysis and risk management techniques. Always backtest the indicator on historical data before applying it to live trades.
Scalping Strategy By TradingConTotoScript Description: "Scalping Strategy By TradingConToto"
This scalping strategy is designed to trade in volatile markets, taking advantage of rapid price movements. It uses pivots to identify key entry and exit points, along with exponential moving averages (EMAs) to determine the overall trend.
Key Features:
Dynamic Pivots: Calculates pivot highs and lows to identify support and resistance zones, improving entry accuracy.
Market Trend Analysis: Utilizes a 100-period EMA for long-term trend analysis and a 25-period EMA for short-term trends, facilitating informed decision-making.
Automated Entry and Exit: Generates buy and sell signals based on EMA crossovers and specific market conditions, ensuring you don't miss opportunities.
Risk Management: Allows you to set take profit and stop loss levels tailored to market volatility, using the ATR for effective risk management.
User-Friendly Interface: Easily customize strategy parameters such as pivot range, stop loss and take profit pips, and spread.
Requirements:
Ideal for use on short time frames during high activity sessions, like the configured scalping session.
Activate buy and sell options according to your preference and analyze performance using TradingView’s tools.
Note:
This script is a tool and does not guarantee results. It is recommended to test in a simulated environment before applying it to real accounts.
Optimize your scalping operations and enhance your market performance with this effective strategy!
