The real breakout indicator CCI + Money Flow + Buy / SellComponents of the indicator
1. CCI (Commodity Channel Index)
The CCI component measures the deviation of the price from its statistical average. It is used to identify overbought or oversold conditions and is integrated into the trend logic to determine potential trend reversals. High values may indicate overbought conditions, while low values could signify oversold situations.
Detailed
The CCI (Commodity Channel Index) used in "The Real Breakout Indicator Hawk" is an enhanced version compared to the traditional CCI, offering several advantages:
1. Weighting and Smoothing Mechanism
In this version, the CCI values are weighted and smoothed using custom parameters (c1, c2, c3), which allows for greater flexibility in adjusting the sensitivity of the CCI to market conditions. This smoothing reduces noise and provides clearer signals compared to the standard CCI, which can be prone to whipsaws in volatile markets.
2. Multi-level Calculation
The indicator uses an array-based approach to calculate multiple variations of CCI values (with p as the parameter for different levels of calculation), which is then combined to create a more robust signal. This multi-level approach allows for capturing different market cycles, unlike the traditional CCI that only uses a single period for calculation.
3. Integration with Moving Averages and Trend Detection
Unlike the original CCI, which is often used in isolation, this version integrates with the trend detection logic by combining it with moving averages and money flow. The enhanced CCI contributes to the broader trend analysis, ensuring that buy/sell signals are not just based on CCI overbought/oversold levels but also validated by moving averages and slope calculations.
4. Trend-Weighted CCI
This version adds weight to recent price action trends, making it more adaptive to current market momentum. The CCI values are influenced by recent high and low prices, adding a trend-following aspect that is missing from the original CCI, which treats all price deviations equally.
This image of EURAD shows for example that when CCI component is green a strong trend is detected which can hold for up to 10 days in this example, ideal for swing trades;
EURAUD 2H
5. Improved Overbought/Oversold Detection
The script incorporates a dynamic overbought/oversold detection zone based on the enhanced CCI. It accounts for market volatility, allowing it to adjust its thresholds (such as the 200 level) more effectively in different market environments. This makes the enhanced CCI better suited for varying market conditions compared to the fixed thresholds of the original CCI.
You can see that the red diamond signal is generated at the absolute top of the price range after which price started to reverse, the detection is based on a cross over value together with Money Flow strength
BTCUSDT 2H
6. Strong Buy/Sell Confirmation
The enhanced CCI works in tandem with other components like Money Flow and Moving Averages to confirm buy or sell signals. This cross-validation makes the indicator less reliant on CCI alone and ensures that the signals generated are stronger and less prone to false positives, which is a common issue with the standalone CCI.
The green diamond buy signal in a strong downtrend is mostly a short retrace of price before continuing down further, yo can use this as an entry signal after the bounce up into an FVG for example. However when price is at a support, meaning price is not moving down further and this occurs this could be a potential reversal signal as shown on the right side on the chart below. FVG is not respected, retested and price continues up.
BTCUSDT 2H
Summary:
In summary, the enhanced CCI in this indicator improves over the original CCI by providing better noise reduction, multi-level analysis, trend integration, and adaptability to different market conditions. These improvements lead to more reliable and actionable trading signals.
2. Money Flow (MF) www.tradingview.com
The Money Flow component tracks the flow of capital in and out of an asset. Positive values indicate strong buying pressure, while negative values show selling pressure. This is smoothed to avoid noise and is used to confirm strong buy or sell conditions.
The Money Flow (MF) in "The Real Breakout Indicator Hawk" measures the flow of capital into or out of an asset, helping to assess the underlying buying or selling pressure in the market.
1. Positive Money Flow (Buying Pressure)
When the MF is positive, it indicates that more money is flowing into the asset, which suggests strong buying interest. This helps confirm that a price increase or breakout to the upside is supported by demand.
2. Negative Money Flow (Selling Pressure)
A negative MF indicates that capital is leaving the asset, reflecting selling pressure. This is a sign that the market is under bearish conditions, and prices are likely to decline or break down.
3. Confirmation of Buy and Sell Signals
The MF is used to confirm buy and sell signals generated by other components of the indicator. When the MF aligns with other bullish signals, it strengthens the buy condition, and similarly, when the MF shows strong selling pressure, it reinforces a sell signal.
4. Filtering Noise
The MF is smoothed to filter out noise, ensuring that only significant movements in buying or selling pressure are considered. This helps avoid false signals and makes the MF a reliable tool for detecting true market strength.
5. Range Sensitivity
The MF operates within defined ranges, ensuring that buy or sell signals are only triggered when the flow of money is strong enough, adding precision to signal generation.
In summary, the Money Flow component is crucial for validating market direction, enhancing signal reliability, and helping traders make more informed decisions based on the underlying capital movement in the market.
3. Moving Averages (MA)
Multiple types of moving averages (SMA, EMA, HMA, etc.) are used to smooth price action and highlight the trend direction. The script supports different types of moving averages, and their slopes are calculated to assist in identifying changes in trend momentum.
The Moving Averages (MA) section of "The Real Breakout Indicator Hawk" plays a critical role in smoothing price data, identifying trends, and generating buy/sell signals. Here’s a breakdown of what it does and how you can use it effectively without diving into the script:
1. Moving Average Types
This section allows the user to choose from different types of moving averages, each with unique characteristics:
SMA (Simple Moving Average): Takes the average of closing prices over a specific period. It’s slower and better suited for detecting long-term trends.
EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new price action and suitable for short-term trading.
HMA (Hull Moving Average): A smoother and faster moving average, useful for reducing lag in fast-moving markets.
LVMA (Linear Weighted Moving Average): Places the most weight on recent prices, making it even more responsive than EMA.
Alma (Arnaud Legoux Moving Average): A smoother version that reduces noise while maintaining responsiveness to recent price action.
2. Smoothing and Trend Detection
The moving average smooths out price data to remove small fluctuations and focuses on the overall trend. When prices are trading above the moving average, it suggests that the market is in an uptrend. When prices are below the moving average, it indicates a downtrend.
3. Trend Confirmation
The moving average serves as a confirmation tool. When the price crosses above the moving average, it could signal the start of a bullish trend, and when the price crosses below, it may indicate the beginning of a bearish trend.
4. Buy and Sell Signals
Buy Signal: The system detects a buy signal when:
The moving average crosses above 0, indicating a potential upward momentum.
Other indicators like Money Flow and CCI align to confirm the trend.
Sell Signal: A sell signal is triggered when:
The moving average crosses below 0, signaling a potential downtrend.
This signal is further validated by other components such as Money Flow and CCI to reduce false signals.
5. Using Moving Averages in Trading
Crossover Strategy: One of the simplest ways to use moving averages is by employing a crossover strategy. For instance:
When the shorter-term moving average (e.g., 20-period) crosses above a longer-term moving average (e.g., 50-period), this is a bullish crossover, indicating a buy signal.
Conversely, when the shorter-term moving average crosses below the longer-term moving average, this is a bearish crossover, indicating a sell signal.
Trend Following: If you’re trading with the trend, you can use a moving average to stay in the trade as long as the price remains above (for long positions) or below (for short positions) the moving average.
Support and Resistance: Moving averages can also act as dynamic support or resistance levels. For example, in an uptrend, the CCI might bounce off the moving average, offering a good entry point for a long position. In a downtrend, the moving average could act as resistance where prices may reverse, offering a shorting opportunity.
To use the MA section effectively:
Choose the right type of moving average based on your trading style (e.g., use EMA for faster response or SMA for long-term trends).
Watch for crossovers as buy/sell signals, especially in combination with other indicators.
Follow the trend by observing whether the price is above or below the moving average.
Use the moving average as a dynamic support/resistance level to find optimal entry/exit points.
This approach makes the moving average a versatile tool for identifying trends, refining entry and exit points, and confirming overall market direction.
an example when MA crosses below 0, keep in mind that when it it starts curving up and turning green there is a reversal brewing, this could take time...
BTCUSDT 2H
4. Buy Signals
Buy signals are generated when the moving average crosses up, and the Money Flow and other trend-based conditions are met, including CCI levels confirming the strength of the breakout. Additionally, slope calculations and other momentum indicators provide extra confirmation for entries.
5. Sell Signals
Sell signals occur when the moving average crosses down, combined with negative Money Flow, confirming downward pressure. Other trend-based conditions, including the CCI, must also align to validate the signal, and slope calculations ensure that momentum is on the sell side.
6. Slope and Trend Detection
The script includes calculations for the slope of price action over a lookback period to measure trend strength and direction. The slope is normalized to help identify when the market is gaining or losing momentum. This slope is used in conjunction with the moving averages and Money Flow to give more accurate trend signals.
The Slope and Trend Detection component in "The Real Breakout Indicator Hawk" is designed to measure the direction and strength of the market’s trend by calculating the slope of the price action over a specific period. This helps to identify whether the market is gaining or losing momentum, and it is a key element in refining buy/sell signals.
Here’s how the Slope and Trend Detection works and how you can use it effectively without diving into the script:
1. Slope Calculation
Slope is essentially the rate of change of the moving average (or price) over a given number of bars. It measures how steeply the price is moving up or down.
The script calculates the slope by measuring the difference between the moving average over a defined number of bars (e.g., 12 bars in this case). A larger slope indicates a stronger trend, while a smaller slope suggests a weaker or consolidating trend.
2. Normalized Slope
The slope is normalized, meaning it is adjusted to fall within a range that makes it easier to compare across different time frames and markets. This normalization helps to gauge whether the slope is strong or weak relative to historical data.
Positive slopes (above 0) indicate an uptrend or rising price momentum, while negative slopes (below 0) indicate a downtrend or falling price momentum.
3. Trend Detection
The slope of the moving average is used to detect the current trend:
If the slope is positive, the market is in an uptrend.
If the slope is negative, the market is in a downtrend.
The stronger the slope (the steeper it is), the stronger the trend. A small slope indicates a weak trend or consolidation.
4. Slope Thresholds
The system uses thresholds to determine the significance of the slope. These thresholds are set as upper and lower bounds:
Upper Threshold: If the slope exceeds this threshold, the trend is considered strong, and it could trigger a buy signal.
Lower Threshold: If the slope falls below this threshold (into the negative range), it indicates a strong downtrend, and it could trigger a sell signal.
These thresholds help filter out weak or false signals that occur in sideways or low-momentum markets.
5. Positive and Negative Slope Arrays
The system keeps track of both positive and negative slopes over a defined lookback period (e.g., 500 bars). By storing these values, it creates a historical context that helps to assess the current slope in relation to past price movements.
It calculates the standard deviation and the average of these slopes to dynamically adjust the thresholds for each market condition, making the trend detection more adaptive to different types of assets or market phases.
6. Using Slope and Trend Detection in Trading
Buy Signal with Positive Slope: When the slope is positive and exceeds a certain threshold, it confirms that the market is in a strong uptrend. This can be used as a signal to enter a long position or add to existing long trades.
Sell Signal with Negative Slope: When the slope turns negative and falls below the lower threshold, it signals a strong downtrend, indicating a potential short-selling opportunity or the time to exit long positions.
Avoiding Flat Markets: If the slope remains close to zero (neither strongly positive nor negative), it suggests a lack of clear trend or a consolidating market. In these conditions, it might be better to avoid taking new trades or use additional filters to confirm signals.
7. Slope-Based Trend Strength Indicator
You can also use the slope as a measure of trend strength:
Strong Trend: When the slope is steep (either positive or negative), it indicates strong momentum, and you can be more confident in holding a trade in that direction.
Weak Trend or Consolidation: When the slope is flat, it indicates weak price momentum, which may signal a period of consolidation or indecision in the market.
8. Visual Representation
The slope is often visually represented as a gradient or line that fluctuates around a central point (usually zero). Positive values are shown in one color (e.g., green for an uptrend), while negative values are shown in another color (e.g., red for a downtrend). This allows traders to quickly identify the current trend direction and its strength.
Summary:
To use Slope and Trend Detection effectively:
Monitor the slope to determine the trend direction (positive = uptrend, negative = downtrend).
Look for thresholds to identify strong trends. For instance, a steep positive slope signals a strong uptrend, while a steep negative slope signals a strong downtrend.
Use slope changes to confirm buy/sell signals. For example, if you receive a buy signal and the slope is positive and increasing, it confirms that momentum is behind the trade.
Avoid low-slope periods when the slope is close to zero, indicating a lack of trend or sideways market conditions.
This approach helps traders stay on the right side of the trend while avoiding periods of low momentum, enhancing the accuracy of trade signals.
7. Banker Fund Flow Trend
This component identifies potential large institutional moves by tracking specific patterns in price and volume data. When the institutional or "banker" entry or exit conditions are met, it highlights these moments with candles and generates alerts.
The Banker Fund Flow Trend in "The Real Breakout Indicator Hawk" helps detect the flow of institutional (or "smart money") into and out of the market by tracking price trends and large player activity. It uses red and yellow candles to signal when institutional money is influencing the market.
Key Points:
Yellow Candles (Banker Entry):
A yellow candle is plotted when institutional money starts flowing into the market.
This signals a potential buy opportunity, as large market players are likely pushing prices upward.
Red Candles (Banker Exit):
A red candle appears when institutional money starts exiting the market.
This is a signal to consider selling or exiting long positions, as institutional selling could drive prices lower.
Usage:
Yellow candles: Use these as signals to enter long trades or add to existing positions, confirming upward momentum driven by institutional buyers.
Red candles: Treat these as signals to exit long trades or consider short positions, as institutional selling may lead to further downside.
BTCUSDT 2H
The yellow and red candles provide clear, actionable signals for aligning trades with institutional flows, ensuring you’re following the "smart money."
8. Dynamic Buy/Sell Calculations
A dynamic component is designed to refine the buy and sell signals further based on additional conditions like price patterns, volatility, and Money Flow. This ensures that signals are more responsive to changing market conditions.
The Dynamic Buy/Sell Calculations in "The Real Breakout Indicator Hawk" are designed to refine entry and exit points for trades by using additional conditions beyond simple crossovers. These calculations adapt to the current market conditions, making them more responsive to changes in volatility, trend strength, and momentum.
Key Features:
Dynamic Buy Calculation:
The indicator generates a buy signal when multiple conditions align. These conditions include the money flow (MF) being within a favorable range, the moving average (MA) confirming upward momentum, and the CCI and other trend components indicating strength.
This makes the buy signal more reliable, as it considers multiple aspects of market behavior (price, momentum, and money flow) to avoid false entries.
Dynamic Sell Calculation:
Similarly, the sell signal is triggered when the dynamic conditions indicate downward momentum.
This includes:
The moving average crossing down.
Negative money flow, suggesting selling pressure.
Other trend signals confirming a bearish move.
The dynamic nature of these conditions ensures that sell signals are only generated when there’s a high probability of continued downside movement.
Adaptive to Market Conditions:
The dynamic nature of these calculations means that the buy/sell signals adapt to market changes, like volatility spikes or sudden trend reversals. Instead of relying on static conditions, the system adjusts to current price movements and volatility.
Avoiding Noise:
By adding multiple filters like MF thresholds, slope, and moving averages, the dynamic calculations help reduce false signals that occur in noisy, sideways markets. This helps traders avoid entering trades during periods of low momentum or unclear trends.
How to Use:
Buy Signals: Use these signals to enter long trades when the dynamic conditions align, confirming that upward momentum is strong and backed by institutional flows.
BTCUSDT 2H
Aqua marker/cross signals (price manipulation/continuation)
BTCUSDT 2H
Sell Signals: Use the sell signals to exit long positions or enter short trades when the market shows signs of bearish momentum, confirmed by multiple conditions like MA crossovers and negative money flow.
BTCUSDT 2H
In summary, the Dynamic Buy/Sell Calculations provide a more sophisticated approach to generating trade signals by combining various trend and momentum indicators, helping traders make more informed decisions in different market conditions.
This part of the code is identifying two key trading signals: moments to buy and moments to sell based on the behavior of a calculated trend line.
Buy Condition:
The system looks for a situation where the trend has been moving downward but has started to reverse upward. Specifically, it checks if the trend was declining a little while ago, then stopped falling, and is now starting to rise. If these conditions are met and the trend is still below a certain level, the system considers this a possible time to buy.
Sell Condition:
The opposite happens for selling. The system monitors for a situation where the trend has been moving upward but starts to turn downward. It checks if the trend was rising, leveled off, and now seems to be starting to fall. If these conditions are met and the trend is above a certain level, this could indicate a good time to sell.
Visual Markers:
To help the user easily see these signals on a chart, the system places symbols at specific points. A marker appears on the chart where the conditions for buying or selling are met, allowing the trader to quickly spot potential entry or exit points in the market.
In summary, this logic is designed to detect possible changes in trend direction and signal appropriate times to consider buying or selling, with clear visual markers on the chart for quick identification.
9. Alerts for Buy and Sell
The indicator provides built-in alert conditions for both buy and sell signals. When these conditions are met, the system generates alerts, making it suitable for automated monitoring.
Each of these components works together to detect potential breakout opportunities, trend continuations, and reversals, making the indicator suitable for both short-term and long-term trading strategies.
Commodity Channel Index (CCI)
Multi-Kernel CCI [BackQuant]Multi-Kernel CCI
Conceptual Foundation and Innovation
It offers a fresh take on the Commodity Channel Index (CCI) by integrating three distinct kernel functions—Exponential Decay, Gaussian Decay, and Cosine Decay—to create a more robust and adaptive momentum indicator. The use of these kernel functions allows the CCI calculation to be more responsive to price changes while smoothing out noise, providing traders with clearer trend signals and reducing false alerts in varying market conditions.
Technical Composition and Calculation
The core of this indicator is a multi-kernel approach to calculating the CCI, where three different decay kernels are applied to the price source. Each kernel provides a unique weighting mechanism for price data over a user-defined lookback period. The result is an average of these three kernel calculations, which serves as the foundation for the CCI calculation. This innovative approach makes the Multi-Kernel CCI more adaptive to different market conditions compared to traditional CCI calculations.
Exponential Decay Kernel: Applies an exponential weighting to recent price data, giving more importance to recent values while smoothing out older data.
Gaussian Decay Kernel: Weights data using a Gaussian function, ensuring smooth transitions between price points and reducing outliers' impact.
Cosine Decay Kernel: Utilizes a cosine function to apply a unique oscillating weight to the data, capturing cyclical market movements more effectively.
Adaptive Thresholding: Like the Adaptive Momentum Oscillator, this indicator adjusts its long and short thresholds dynamically using percentile-based calculations over historical CCI values.
Features and User Inputs The Multi-Kernel CCI offers a wide range of customization options for traders:
Kernel Calculation Length & Alpha: Traders can fine-tune the sensitivity of the CCI by adjusting the length of the kernel calculation and the alpha parameter for the Exponential Decay Kernel.
Adaptive Thresholds: The indicator provides percentile-based thresholds for both long and short signals, allowing traders to dynamically adjust their signals based on historical data.
Extreme Value Detection: This feature highlights extreme overbought and oversold conditions with customizable thresholds and background hues, visually aiding in identifying high-probability reversal zones.
Divergence Detection: The script includes a divergence detection feature, identifying regular and hidden bullish or bearish divergences to help traders spot potential trend reversals.
Practical Applications The Multi-Kernel CCI excels in markets where adaptive trend detection and momentum confirmation are critical. Traders can leverage this tool in several ways:
Adaptive Trend Following: The dynamically adjusting thresholds allow traders to capture trends more effectively while avoiding false signals during consolidations or choppy markets.
Reversal Detection: The multi-kernel approach ensures that reversals are detected with greater precision, particularly in volatile markets where traditional indicators might fail.
Divergence Identification: With built-in divergence detection, the indicator provides traders with an early warning of potential trend reversals, helping to time their entries and exits more effectively.
Advantages and Strategic Value The Multi-Kernel CCI offers several strategic advantages over traditional CCI indicators:
Multi-Kernel Smoothing:
By using multiple decay kernels, this CCI calculation is better suited to detect subtle changes in market momentum, reducing the impact of noise and providing clearer trend signals.
Dynamic Thresholds:
The adaptive percentile-based thresholds ensure that the indicator remains relevant across different market conditions, enhancing signal accuracy.
Visual and Analytical Aids:
With features like extreme value detection and divergence spotting, this indicator equips traders with powerful tools to confirm trend strength and identify potential reversals.
Summary and Usage Tips
The Multi-Kernel CCI is a highly versatile tool for traders seeking a more adaptive and robust momentum indicator. Its multi-kernel foundation provides smoother, more reliable signals, while the adaptive thresholds and divergence detection features help traders refine their entries and exits. The dynamic nature of this indicator makes it ideal for both trend-following and reversal strategies in volatile markets.
Traders should experiment with the kernel calculation length and alpha parameter to align the indicator's sensitivity with their specific trading style and market conditions. Additionally, the adaptive thresholds can be fine-tuned to ensure the CCI captures the most significant trend changes without being overly reactive to short-term fluctuations.
Thus following all of the key points here are some sample backtests on the 1D Chart
Disclaimer: Backtests are based off past results, and are not indicative of the future.
INDEX:BTCUSD
INDEX:ETHUSD
BINANCE:SOLUSD
Pulse Oscillator [UAlgo]The "Pulse Oscillator " is a trading tool designed to capture market momentum and trend changes by combining the strengths of multiple well-known technical indicators. By integrating the RSI (Relative Strength Index), CCI (Commodity Channel Index), and Stochastic Oscillator, this indicator provides traders with a comprehensive view of market conditions, offering both trend filtering and precise buy/sell signals. The oscillator is customizable, allowing users to fine-tune its parameters to match different trading strategies and timeframes. With its built-in smoothing techniques and level adjustments, the Pulse Oscillator aims to be a reliable tool for both trend-following and counter-trend trading strategies.
🔶 Key Features
Multi-Indicator Integration: Combines RSI, CCI, and Stochastic Oscillator to create a weighted momentum oscillator.
Why Use Multi-Indicator Integration?
Script uses Multi-Indicator Integration to combine the strengths of different technical indicators—such as RSI, CCI, and Stochastic Oscillator—into a single tool. This approach helps to reduce the weaknesses of individual indicators, providing a more comprehensive and reliable analysis of market conditions. By integrating multiple indicators, we can generate more accurate signals, filter out noise, and enhance our trading decisions.
Customizable Parameters: Allows users to adjust weights, periods, and smoothing techniques, providing flexibility to adapt the indicator to various market conditions.
Trend Filtering Option: An optional trend filter is available to enhance the accuracy of buy and sell signals, reducing the risk of false signals in choppy markets.
Dynamic Levels: The indicator dynamically calculates multiple levels of support and resistance, adjusting to market conditions with customizable decay factors and offsets.
Visual Clarity: The indicator visually represents different levels and trends with color-coded plots and fills, making it easier for traders to interpret market conditions at a glance.
Alerts: Configurable alerts for buy and sell signals, as well as trend changes, enabling traders to stay informed of key market movements without constant monitoring.
🔶 Interpreting the Indicator
Buy Signal: A buy signal is generated when the Slow Line crosses under the Fast Line during an uptrend or when the trend filter is disabled. This indicates a potential bullish reversal or continuation of an upward trend.
Sell Signal: A sell signal occurs when the Slow Line crosses above the Fast Line during a downtrend or when the trend filter is disabled, signaling a potential bearish reversal or continuation of a downward trend.
Trend Change: The indicator detects trend changes when the Fast Line shifts from increasing to decreasing or vice versa, providing early warning of possible market reversals.
Dynamic Levels: The indicator calculates upper and lower levels based on the Fast Line's values. These levels can be used to identify overbought or oversold conditions and potential areas of support or resistance.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Trend Tide Oscillator [UAlgo]🔶 Description:
The "Trend Tide Oscillator " is a technical analysis tool designed to identify potential trend reversals and overbought/oversold conditions in the market. It calculates an oscillator based on the Commodity Channel Index (CCI) and then applies smoothing techniques to provide a clearer view of market momentum.
🔶 Key Features:
Oscillator Calculation : The indicator calculates an oscillator based on the Commodity Channel Index (CCI), which is a momentum-based oscillator used to identify overbought and oversold conditions.
Smoothing : Smoothing techniques are applied to the oscillator to reduce noise and provide a clearer view of market momentum. This helps traders in identifying trends more effectively.
Support and Resistance Zones : The indicator plots support and resistance zones based on the highest and lowest values of the oscillator over a specified lookback (default 50) period. These zones can help traders identify potential areas of price reversal. The indicator considers volatility when plotting the support and resistance zones. This aims to create more adaptable levels that account for fluctuating market conditions.
Visualization : The indicator visually represents overbought and oversold conditions with shapes (⚠️), aiding traders in quickly identifying potential entry or exit points.
Customization : Users can adjust parameters such as oscillator length, smoothing, and overbought/oversold levels, support and resistance lookbacks according to their trading preferences.
🔶 Disclaimer :
This indicator is provided for informational and educational purposes only and should not be considered as financial advice. Trading in the financial markets involves risk, and users should conduct their own research and analysis before making any investment decisions.
Reversal Zones [UAlgo]🔶Description:
"Reversal Zones " aims to identify potential reversal zones in price movements. The indicator provides visual signals on the chart, indicating potential overbought and oversold conditions based on the calculated values. It offers traders insights into possible turning points in the market, aiding in decision-making processes regarding entry and exit points.
🔶Key Features:
Bollinger Bands Percentile (BB Percentile):
Bollinger Bands Percentile is utilized in this script to gauge the current price position relative to its recent volatility. By calculating the percentile rank of the current price within the Bollinger Bands, traders can identify extreme price levels. This assists in recognizing potential overbought or oversold conditions, where price may be due for a reversal.
Choppiness Index (CI):
The Choppiness Index is employed here to measure the market's trendiness or choppiness. By evaluating the efficiency of the price movement, CI helps traders determine whether the market is trending or consolidating.
Commodity Channel Index (CCI):
The Commodity Channel Index is integrated into this script to capture price momentum. CCI quantifies the relationship between the current price, a moving average, and standard deviation. Traders use CCI to identify overbought or oversold conditions and potential trend reversals.
By averaging and smoothing these values, traders can obtain a clearer picture of potential turning points in the market. The final smoothed combination signal aims to reduce noise and provide more reliable insights.
🔶Disclaimer:
Please note that this script is provided for informational and educational purposes only and should not be considered as financial advice.
Trading in financial markets involves risk, and past performance is not necessarily indicative of future results.
Users should conduct their own research and analysis or consult with a qualified financial advisor before making any investment decisions based on this indicator.
The creators of this script are not liable for any losses incurred from trading activities.
CCI / Connectable [Azullian]Sharpen your analysis of market trends with the CCI indicator. Effectively evaluate market cycles and identify potential reversals, enriching your strategic planning.
This connectable CCI indicator is part of an indicator system designed to help test, visualize and build strategy configurations without coding. Like all connectable indicators , it interacts through the TradingView input source, which serves as a signal connector to link indicators to each other. All connectable indicators send signal weight to the next node in the system until it reaches either a connectable signal monitor, signal filter and/or strategy.
█ UNIFORM SETTINGS AND A WAY OF WORK
Although connectable indicators may have specific weight scoring conditions, they all aim to follow a standardized general approach to weight scoring settings, as outlined below.
■ Connectable indicators - Settings
• 🗲 Energy: Energy applies an ATR multiplier to the plotted shapes on the chart. A higher value plots shapes farther away from the candle, enhancing visibility.
• ☼ Brightness: Brightness determines the opacity of the shape plotted on the chart, aiding visibility. Indicator weight also influences opacity.
• → Input: Use the input setting to specify a data source for the indicator. Here you can connect the indicator to other indicators.
• ⌥ Flow: Determine where you want to receive signals from:
○ Both: Weights from this indicator and the connected indicator will apply
○ Indicator only: Only weights from this indicator will apply
○ Input only: Only weights from the connected indicator will apply
• ⥅ Weight multiplier: Multiply all weights in the entire indicator by a given factor, useful for quickly testing different indicators in a granular setup.
• ⥇ Threshold: Set a threshold to indicate the minimum amount of weight it should receive to pass it through to the next indicator.
• ⥱ Limiter: Set a hard limit to the maximum amount of weight that can be fed through the indicator.
■ Connectable indicators - Weight scoring settings
▢ Weight scoring conditions
• SM – Signal mode: Enable specific conditions for weight scoring
○ All: All signals will be scored.
○ Entries only: Only entries will score.
○ Exits only: Only exits will score.
○ Entries & exits: Both entries and exits will score.
○ Zone: Continuous scoring for each candle within the zone.
• SP – Signal period: Defines a range of candles within which a signal can score.
• SC - Signal count: Specifies the number of bars to retrospectively examine and score.
○ Single: Score for a single occurrence
○ All occurrences: Score for all occurrences
○ Single + Threshold: Score for single occurrences within the signal period (SP)
○ Every + Threshold: Score for all occurrences within the signal period (SP)
▢ Weight scoring direction
• ES: Enter Short weight
• XL: Exit long weight
• EL: Enter Long weight
• XS: Exit Short weight
▢ Weight scoring values
• Weights can hold either positive or negative scores. Positive weights enhance a particular trading direction, while negative weights diminish it.
█ CCI - INDICATOR SETTINGS
■ Main settings
• Enable/Disable Indicator: Toggle the entire indicator on or off.
• S - Source: Choose an alternative data source for the CCI calculation.
• T - Timeframe: Select an alternative timeframe for the CCI calculation.
• LE - Length: Define the number of bars or periods used in the CCI calculation.
• OB - Overbought Level: Determine the CCI value at which overbought conditions are met.
• OS - Oversold Level: Specify the CCI value at which oversold conditions are met.
■ Scoring functionality
• The CCI scores long entries when the CCI enters OS: oversold area
• The CCI scores long exits when the CCI exits OS: oversold area
• The CCI scores long zones the entire time the CCI is in OS: oversold area
• The CCI scores short entries when the CCI enters OB: overbought area
• The CCI scores short exits when the CCI exits OB: overbought area
• The CCI scores short zones the entire time the CCI is in OB: overbought area
█ PLOTTING
• Standard: Symbols (EL, XS, ES, XL) appear relative to candles based on set conditions. Their opacity and position vary with weight.
• Conditional Settings: A larger icon appears if global conditions are met. For instance, with a Threshold(⥇) of 12, Signal Period (SP) of 3, and Scoring Condition (SC) set to "EVERY", an CCI signaling over two times in 3 candles (scoring 6 each) triggers a larger icon.
█ USAGE OF CONNECTABLE INDICATORS
■ Connectable chaining mechanism
Connectable indicators can be connected directly to the signal monitor, signal filter or strategy , or they can be daisy chained to each other while the last indicator in the chain connects to the signal monitor, signal filter or strategy. When using a signal filter you can chain the filter to the strategy input to make your chain complete.
• Direct chaining: Connect an indicator directly to the signal monitor, signal filter or strategy through the provided inputs (→).
• Daisy chaining: Connect indicators using the indicator input (→). The first in a daisy chain should have a flow (⌥) set to 'Indicator only'. Subsequent indicators use 'Both' to pass the previous weight. The final indicator connects to the signal monitor, signal filter, or strategy.
■ Set up this indicator with a signal filter and strategy
The indicator provides visual cues based on signal conditions. However, its weight system is best utilized when paired with a connectable signal filter, monitor, or strategy .
Let's connect the CCI to a connectable signal filter and a strategy :
1. Load all relevant indicators
• Load CCI / Connectable
• Load Signal filter / Connectable
• Load Strategy / Connectable
2. Signal Filter: Connect the CCI to the Signal Filter
• Open the signal filter settings
• Choose one of the three input dropdowns (1→, 2→, 3→) and choose : CCI / Connectable: Signal Connector
• Toggle the enable box before the connected input to enable the incoming signal
3. Signal Filter: Update the filter signals settings if needed
• The default settings of the filter enable EL (Enter Long), XL (Exit Long), ES (Enter Short) and XS (Exit Short).
4. Signal Filter: Update the weight threshold settings if needed
• All connectable indicators load by default with a score of 6 for each direction (EL, XL, ES, XS)
• By default, weight threshold (TH) is set at 5. This allows each occurrence to score, as the default score in each connectable indicator is 1 point above the threshold. Adjust to your liking.
5. Strategy: Connect the strategy to the signal filter in the strategy settings
• Select a strategy input → and select the Signal filter: Signal connector
6. Strategy: Enable filter compatible directions
• Set the signal mode of the strategy to a compatible direction with the signal filter.
Now that everything is connected, you'll notice green spikes in the signal filter representing long signals, and red spikes indicating short signals. Trades will also appear on the chart, complemented by a performance overview. Your journey is just beginning: delve into different scoring mechanisms, merge diverse connectable indicators, and craft unique chains. Instantly test your results and discover the potential of your configurations. Dive deep and enjoy the process!
█ BENEFITS
• Adaptable Modular Design: Arrange indicators in diverse structures via direct or daisy chaining, allowing tailored configurations to align with your analysis approach.
• Streamlined Backtesting: Simplify the iterative process of testing and adjusting combinations, facilitating a smoother exploration of potential setups.
• Intuitive Interface: Navigate TradingView with added ease. Integrate desired indicators, adjust settings, and establish alerts without delving into complex code.
• Signal Weight Precision: Leverage granular weight allocation among signals, offering a deeper layer of customization in strategy formulation.
• Advanced Signal Filtering: Define entry and exit conditions with more clarity, granting an added layer of strategy precision.
• Clear Visual Feedback: Distinct visual signals and cues enhance the readability of charts, promoting informed decision-making.
• Standardized Defaults: Indicators are equipped with universally recognized preset settings, ensuring consistency in initial setups across different types like momentum or volatility.
• Reliability: Our indicators are meticulously developed to prevent repainting. We strictly adhere to TradingView's coding conventions, ensuring our code is both performant and clean.
█ COMPATIBLE INDICATORS
Each indicator that incorporates our open-source 'azLibConnector' library and adheres to our conventions can be effortlessly integrated and used as detailed above.
For clarity and recognition within the TradingView platform, we append the suffix ' / Connectable' to every compatible indicator.
█ COMMON MISTAKES, CLARIFICATIONS AND TIPS
• Removing an indicator from a chain: Deleting a linked indicator and confirming the "remove study tree" alert will also remove all underlying indicators in the object tree. Before removing one, disconnect the adjacent indicators and move it to the object stack's bottom.
• Point systems: The azLibConnector provides 500 points for each direction (EL: Enter long, XL: Exit long, ES: Enter short, XS: Exit short) Remember this cap when devising a point structure.
• Flow misconfiguration: In daisy chains the first indicator should always have a flow (⌥) setting of 'indicator only' while other indicator should have a flow (⌥) setting of 'both'.
• Hide attributes: As connectable indicators send through quite some information you'll notice all the arguments are taking up some screenwidth and cause some visual clutter. You can disable arguments in Chart Settings / Status line.
• Layout and abbreviations: To maintain a consistent structure, we use abbreviations for each input. While this may initially seem complex, you'll quickly become familiar with them. Each abbreviation is also explained in the inline tooltips.
• Inputs: Connecting a connectable indicator directly to the strategy delivers the raw signal without a weight threshold, meaning every signal will trigger a trade.
█ A NOTE OF GRATITUDE
Through years of exploring TradingView and Pine Script, we've drawn immense inspiration from the community's knowledge and innovation. Thank you for being a constant source of motivation and insight.
█ RISK DISCLAIMER
Azullian's content, tools, scripts, articles, and educational offerings are presented purely for educational and informational uses. Please be aware that past performance should not be considered a predictor of future results.
Ultimate Momentum"Ultimate Momentum" – Elevating Your Momentum Analysis
Experience a refined approach to momentum analysis with "Ultimate Momentum," a sophisticated indicator seamlessly combining the strengths of RSI and CCI. This tool offers a nuanced understanding of market dynamics with the following features:
1. Harmonious Fusion: Witness the dynamic interplay between RSI and CCI, providing a comprehensive understanding of market nuances.
2. Optimized CCI Dynamics: Delve confidently into market intricacies with optimized CCI parameters, enhancing synergy with RSI for a nuanced perspective on trends.
3. Standardized Readings: "Ultimate Momentum" standardizes RSI and CCI, ensuring consistency and reliability in readings for refined signals.
4. Native TradingView Integration: Immerse yourself in the reliability of native TradingView codes for RSI and CCI, ensuring stability and compatibility.
How RSI and CCI Work Together:
RSI (Relative Strength Index): Captures price momentum with precision, measuring the speed and change of price movements.
CCI (Commodity Channel Index): Strategically integrated to complement RSI, offering a unique perspective on price fluctuations and potential trend reversals.
Why "Ultimate Momentum"?
In a crowded landscape, "Ultimate Momentum" stands out, redefining how traders interpret momentum. Gain a profound understanding of market dynamics, spot trend reversals, and make informed decisions.
Your Insights Matter:
Share your suggestions to enhance "Ultimate Momentum" in the comments. Your feedback is crucial as we strive to deliver an unparalleled momentum analysis tool.
Multi-data oscillatorThe multi-data oscillator is a tool created to help traders visualize clearly how an oscillator works and moves considering different input parameters.
In this tool, you can choose to visualize the script as the RSI, the CCI, the LOC indicator, a custom-created formula that simply shows the location of the data considering X past values, or the average of all of these three indicators.
In the settings, you can choose both the length of the indicator and the smoothing factor.
Additionally, the indicator has a gradient color that changes considering the deviation and the variance of the different lines used to calculate the average line, displayed with more thickness.
S/R and Reversal BarsToday I'm proposing an idea to form S/R with a slightly different basic idea. This is a combination of CCI and candlestick study, and we will use this to mark possible reversal candles and possible S/R lines.
This is nothing complicated, I've used a basic CCI indicator with certain rules/system to mark S/R levels on the chart. (Have loaded traditional CCI indicator on bottom for comparison)
S/R levels are market as followed
Cross -
Lime = Support
Red = Resistance
Zero/Balance line - Yellow circles
The idea is to use this indicator to trade sideways market more successfully, in trending market this can be futile if you are not waiting for the break-out or breakdowns with confirmation.
Since this is based on CCI, it will give static result only when bar is closed, till then it will be susceptible for repaint. This is inherited nature from CCI readings on current bar. I could change this to only making reading on closed bar (historical bar), but that takes away from the uniqueness of this indicator in giving early indications.
This is a great tool for intraday scalping, but it does work on all timeframes, it's not bound by granularity.
This is for education purpose only.
Past success or seemingly positive results on published posts are not indication of future success.
Bonsai OS (Oscillators)Bonsai OS combines four oscillators (RSI, CCI, Stochastic, MACD) in one interface. Features divergence detection, color-intensity, and insights into divergences. Assists traders in spotting potential pivot points.
═════════════════════════════════════════════════════════════════════════
🌳 Bonsai OS 🌳 Advanced Oscillator Suite
📘 Overview
Bonsai OS is a tool tailored for traders focusing on reversal strategies and those keen on identifying market divergences. Combining multiple oscillators into one unified interface, it aids traders in pinpointing potential pivot reversal points.
📌 Algorithm Logic
• Multi-Oscillator Integration: Bonsai OS calculates and integrates the values from four standard oscillators: RSI, CCI, Stochastic, and MACD. Each oscillator's value is derived from its respective mathematical formula, analyzing historical data points.
• Divergence Detection: The tool runs a series of comparisons between price action and oscillator values. When discrepancies (divergences) are observed, they are highlighted, suggesting potential market reversals.
• Price Strength Visualization: A gradient background that is determined by an average of the oscillator values in relation to their historical norms, thereby providing a visual cue about the current price strength, whether it is strong or weak.
• Alerts: Users can set up notifications based on specific divergence insights. Once set criteria are met, alerts are triggered.
🎯 Purpose
• For Professionals: Bonsai OS offers integrated oscillator readings, allowing a more in-depth market analysis.
• For Beginners: Simplified readings and visual cues make it easier for newcomers to understand oscillator indicators and market conditions.
🛠 Distinctive Elements
• Oscillator Fusion: Bonsai OS goes beyond just grouping oscillators. It looks for matching divergences across them, aiming to find stronger signals for market reversals.
• Divergence Indicators: Bonsai OS identifies divergence patterns between price trends and oscillator readings, highlighting their intensity with color variations.
• Insight into Failed Divergences: Recognizing not all divergences lead to reversals, Bonsai OS provides markers for potential false signals, helping traders exercise caution and fine-tune their strategies.
Getting Bullish/Bearish and Divergences
📊 Features
• Data Source Customization: Users have the flexibility to choose between default data inputs or adjust to their preferred price points (like High & Low).
• Combined Divergence Signals: Beyond individual oscillator divergences, Bonsai OS identifies instances when several oscillators indicate divergence at the same time.
• Adaptable Outputs: Outputs like 'Bullish Divergence ▲', 'Getting Bullish ▲', 'Getting Bearish ▼' and 'Bearish Divergence ▼' are plotted as non-displayable 1 or 0 for seamless integration into other custom indicators, ensuring a harmonious integration.
Here's an example of a custom indicator that can be used for inputting data from external sources:
//@version=5
indicator("My Script Template", overlay = true)
group_name = "External Source"
external = input.source(title = "Source", defval = close, inline = "external", group = group_name)
val = input.int(title = ">", defval = 0, inline = "external", group = group_name)
// Your logic follows here...
Bonsai OS as External Source
🎛 How To Use Bonsai OS
1. Select the desired oscillator.
2. Monitor the color changes for market condition insights.
3. Look out for divergence markers to anticipate potential market shifts.
4. If required, set up alerts for real-time updates.
Indicator Settings Menu
📜 Feedback & Continual Development
We welcome your feedback. It's essential for the continuous improvement of Bonsai OS and to better serve the TradingView community.
❗️ Disclaimer
Trading involves risks. Bonsai OS aims to provide an analytical tool to support traders, but it's essential to complement its insights with other research. Always seek advice from financial professionals and trade responsibly.
Auto Fibo on IndicatorsThis drawing tool aims to draw auto Fibonacci Retracement Levels on desired indicators.
Users can define the target indicator to draw Auto Fibo Lines, from the "settings tab":
There are six commonly used indicators below the charts that can be selected to draw Fibonacci Retracement lines on:
RSI : Relative Strength Index
CCI : Commodity Channel Index
MFI : Money Flow Index
STOCHASTIC : Stochastic Oscillator
CMF : Chaikin Money Flow
CMO : Chande Momentum Oscillator
Fibonacci Retracement Levels will appear automatically after applying the indicator.
The "Auto Fibo on Indicators" tool looks back. It checks the indicator levels for a desired number of bars and then draws the Fibonacci Levels automatically in the right way, considering the final movements of the indicator.
There are five commonly used Fibonacci Levels added between the Highest and Lowest values such as:
%23.6
%38.2
%50 (Not precisely a Fibonacci Level, indeed)
%61.8 (Golden Ratio)
%78.6
Four extra levels can be added from the settings tab by checking their boxes:
%127.2 (adjustable level)
%161.8
%261.8
%361.8
Default lookback bars of Auto Fibo Levels: 144 (which is also a Fibonacci number)
Default Indicator: RSI
Default Indicator length: 14
Default data source: CLOSE
Users can also define and show overbought and oversold levels by unchecking the "Do not Show Indicator Overbought / Oversold Levels?" button from the settings menu.
In technical analysis, Fibonacci Levels on price can guide valuable trading signals for investors.
Levels can be significant support and resistance levels for breakouts and turning points.
This drawing tool aims to follow those necessary levels on indicators to observe critical levels and breakouts.
GKD-E CCI [Loxx]The Giga Kaleidoscope GKD-E CCI is an exit module included in Loxx's "Giga Kaleidoscope Modularized Trading System."
█ GKD-E CCI
The Commodity Channel Index (CCI) is a technical analysis indicator developed by Donald Lambert in the 1980s. It is used to determine overbought and oversold conditions in a security or market. By comparing the current price to its average price over a specified period, the CCI helps traders identify potential price reversals and new trends. Typically, readings above +100 are considered overbought, while readings below -100 are seen as oversold, though these thresholds can be adjusted based on market conditions.
█ Giga Kaleidoscope Modularized Trading System
Core components of an NNFX algorithmic trading strategy
The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm:
1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc.
2. Baseline - a moving average to identify price trend
3. Confirmation 1 - a technical indicator used to identify trends
4. Confirmation 2 - a technical indicator used to identify trends
5. Continuation - a technical indicator used to identify trends
6. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown
7. Exit - a technical indicator used to determine when a trend is exhausted
8. Metamorphosis - a technical indicator that produces a compound signal from the combination of other GKD indicators*
*(not part of the NNFX algorithm)
What is Volatility in the NNFX trading system?
In the NNFX (No Nonsense Forex) trading system, ATR (Average True Range) is typically used to measure the volatility of an asset. It is used as a part of the system to help determine the appropriate stop loss and take profit levels for a trade. ATR is calculated by taking the average of the true range values over a specified period.
True range is calculated as the maximum of the following values:
-Current high minus the current low
-Absolute value of the current high minus the previous close
-Absolute value of the current low minus the previous close
ATR is a dynamic indicator that changes with changes in volatility. As volatility increases, the value of ATR increases, and as volatility decreases, the value of ATR decreases. By using ATR in NNFX system, traders can adjust their stop loss and take profit levels according to the volatility of the asset being traded. This helps to ensure that the trade is given enough room to move, while also minimizing potential losses.
Other types of volatility include True Range Double (TRD), Close-to-Close, and Garman-Klass
What is a Baseline indicator?
The baseline is essentially a moving average, and is used to determine the overall direction of the market.
The baseline in the NNFX system is used to filter out trades that are not in line with the long-term trend of the market. The baseline is plotted on the chart along with other indicators, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR).
Trades are only taken when the price is in the same direction as the baseline. For example, if the baseline is sloping upwards, only long trades are taken, and if the baseline is sloping downwards, only short trades are taken. This approach helps to ensure that trades are in line with the overall trend of the market, and reduces the risk of entering trades that are likely to fail.
By using a baseline in the NNFX system, traders can have a clear reference point for determining the overall trend of the market, and can make more informed trading decisions. The baseline helps to filter out noise and false signals, and ensures that trades are taken in the direction of the long-term trend.
What is a Confirmation indicator?
Confirmation indicators are technical indicators that are used to confirm the signals generated by primary indicators. Primary indicators are the core indicators used in the NNFX system, such as the Average True Range (ATR), the Moving Average (MA), and the Relative Strength Index (RSI).
The purpose of the confirmation indicators is to reduce false signals and improve the accuracy of the trading system. They are designed to confirm the signals generated by the primary indicators by providing additional information about the strength and direction of the trend.
Some examples of confirmation indicators that may be used in the NNFX system include the Bollinger Bands, the MACD (Moving Average Convergence Divergence), and the MACD Oscillator. These indicators can provide information about the volatility, momentum, and trend strength of the market, and can be used to confirm the signals generated by the primary indicators.
In the NNFX system, confirmation indicators are used in combination with primary indicators and other filters to create a trading system that is robust and reliable. By using multiple indicators to confirm trading signals, the system aims to reduce the risk of false signals and improve the overall profitability of the trades.
What is a Continuation indicator?
In the NNFX (No Nonsense Forex) trading system, a continuation indicator is a technical indicator that is used to confirm a current trend and predict that the trend is likely to continue in the same direction. A continuation indicator is typically used in conjunction with other indicators in the system, such as a baseline indicator, to provide a comprehensive trading strategy.
What is a Volatility/Volume indicator?
Volume indicators, such as the On Balance Volume (OBV), the Chaikin Money Flow (CMF), or the Volume Price Trend (VPT), are used to measure the amount of buying and selling activity in a market. They are based on the trading volume of the market, and can provide information about the strength of the trend. In the NNFX system, volume indicators are used to confirm trading signals generated by the Moving Average and the Relative Strength Index. Volatility indicators include Average Direction Index, Waddah Attar, and Volatility Ratio. In the NNFX trading system, volatility is a proxy for volume and vice versa.
By using volume indicators as confirmation tools, the NNFX trading system aims to reduce the risk of false signals and improve the overall profitability of trades. These indicators can provide additional information about the market that is not captured by the primary indicators, and can help traders to make more informed trading decisions. In addition, volume indicators can be used to identify potential changes in market trends and to confirm the strength of price movements.
What is an Exit indicator?
The exit indicator is used in conjunction with other indicators in the system, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR), to provide a comprehensive trading strategy.
The exit indicator in the NNFX system can be any technical indicator that is deemed effective at identifying optimal exit points. Examples of exit indicators that are commonly used include the Parabolic SAR, the Average Directional Index (ADX), and the Chandelier Exit.
The purpose of the exit indicator is to identify when a trend is likely to reverse or when the market conditions have changed, signaling the need to exit a trade. By using an exit indicator, traders can manage their risk and prevent significant losses.
In the NNFX system, the exit indicator is used in conjunction with a stop loss and a take profit order to maximize profits and minimize losses. The stop loss order is used to limit the amount of loss that can be incurred if the trade goes against the trader, while the take profit order is used to lock in profits when the trade is moving in the trader's favor.
Overall, the use of an exit indicator in the NNFX trading system is an important component of a comprehensive trading strategy. It allows traders to manage their risk effectively and improve the profitability of their trades by exiting at the right time.
What is an Metamorphosis indicator?
The concept of a metamorphosis indicator involves the integration of two or more GKD indicators to generate a compound signal. This is achieved by evaluating the accuracy of each indicator and selecting the signal from the indicator with the highest accuracy. As an illustration, let's consider a scenario where we calculate the accuracy of 10 indicators and choose the signal from the indicator that demonstrates the highest accuracy.
The resulting output from the metamorphosis indicator can then be utilized in a GKD-BT backtest by occupying a slot that aligns with the purpose of the metamorphosis indicator. The slot can be a GKD-B, GKD-C, or GKD-E slot, depending on the specific requirements and objectives of the indicator. This allows for seamless integration and utilization of the compound signal within the GKD-BT framework.
How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above?
Loxx's GKD v2.0 system has five types of modules (indicators/strategies). These modules are:
1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm)
2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm)
3. GKD-C - Confirmation 1/2 and Continuation module (Confirmation 1/2 and Continuation, Numbers 3, 4, and 5 in the NNFX algorithm)
4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 6 in the NNFX algorithm)
5. GKD-E - Exit module (Exit, Number 7 in the NNFX algorithm)
6. GKD-M - Metamorphosis module (Metamorphosis, Number 8 in the NNFX algorithm, but not part of the NNFX algorithm)
(additional module types will added in future releases)
Each module interacts with every module by passing data to A backtest module wherein the various components of the GKD system are combined to create a trading signal.
That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Continuation indicator. The Continuation indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy.
This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm.
What does the application of the GKD trading system look like?
Example trading system:
Backtest: Multi-Ticker CC Backtest
Baseline: Hull Moving Average
Volatility/Volume: Hurst Exponent
Confirmation 1: Advance Trend Pressure as shown on the chart above
Confirmation 2: uf2018
Continuation: Coppock Curve
Exit: Rex Oscillator
Metamorphosis: Baseline Optimizer
Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, GKD-M, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD system.
█ Giga Kaleidoscope Modularized Trading System Signals
Standard Entry
1. GKD-C Confirmation gives signal
2. Baseline agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Confirmation 2 agrees
6. Volatility/Volume agrees
1-Candle Standard Entry
1a. GKD-C Confirmation gives signal
2a. Baseline agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
Next Candle
1b. Price retraced
2b. Baseline agrees
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Volatility/Volume agrees
Baseline Entry
1. GKD-B Baseline gives signal
2. Confirmation 1 agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Confirmation 2 agrees
6. Volatility/Volume agrees
7. Confirmation 1 signal was less than 'Maximum Allowable PSBC Bars Back' prior
1-Candle Baseline Entry
1a. GKD-B Baseline gives signal
2a. Confirmation 1 agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
5a. Confirmation 1 signal was less than 'Maximum Allowable PSBC Bars Back' prior
Next Candle
1b. Price retraced
2b. Baseline agrees
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Volatility/Volume agrees
Volatility/Volume Entry
1. GKD-V Volatility/Volume gives signal
2. Confirmation 1 agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Confirmation 2 agrees
6. Baseline agrees
7. Confirmation 1 signal was less than 7 candles prior
1-Candle Volatility/Volume Entry
1a. GKD-V Volatility/Volume gives signal
2a. Confirmation 1 agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
5a. Confirmation 1 signal was less than 'Maximum Allowable PSVVC Bars Back' prior
Next Candle
1b. Price retraced
2b. Volatility/Volume agrees
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Baseline agrees
Confirmation 2 Entry
1. GKD-C Confirmation 2 gives signal
2. Confirmation 1 agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Volatility/Volume agrees
6. Baseline agrees
7. Confirmation 1 signal was less than 7 candles prior
1-Candle Confirmation 2 Entry
1a. GKD-C Confirmation 2 gives signal
2a. Confirmation 1 agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
5a. Confirmation 1 signal was less than 'Maximum Allowable PSC2C Bars Back' prior
Next Candle
1b. Price retraced
2b. Confirmation 2 agrees
3b. Confirmation 1 agrees
4b. Volatility/Volume agrees
5b. Baseline agrees
PullBack Entry
1a. GKD-B Baseline gives signal
2a. Confirmation 1 agrees
3a. Price is beyond 1.0x Volatility of Baseline
Next Candle
1b. Price inside Goldie Locks Zone Minimum
2b. Price inside Goldie Locks Zone Maximum
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Volatility/Volume agrees
Continuation Entry
1. Standard Entry, 1-Candle Standard Entry, Baseline Entry, 1-Candle Baseline Entry, Volatility/Volume Entry, 1-Candle Volatility/Volume Entry, Confirmation 2 Entry, 1-Candle Confirmation 2 Entry, or Pullback entry triggered previously
2. Baseline hasn't crossed since entry signal trigger
4. Confirmation 1 agrees
5. Baseline agrees
6. Confirmation 2 agrees
GKD-C Trend Magic [Loxx]The Giga Kaleidoscope GKD-C Trend Magic is a confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System."
█ GKD-C Trend Magic
Trend Magic is a very old MT4 indicator used in Forex trading. Trend Magic utilizes the Average True Range (ATR) and the Commodity Channel Index (CCI) to determine market conditions. Firstly, the ATR is calculated based on a specific period to gauge market volatility. Using this, potential upward and downward thresholds are determined from the high and low prices, respectively. The CCI is then computed for a given period using a typical price (average of high, low, and close). Depending on the CCI's value, the algorithm sets a threshold value and assigns a corresponding color, green for positive CCI values indicating potential upward momentum, and red for negative values, indicating potential downward momentum.
█ Giga Kaleidoscope Modularized Trading System
Core components of an NNFX algorithmic trading strategy
The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm:
1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc.
2. Baseline - a moving average to identify price trend
3. Confirmation 1 - a technical indicator used to identify trends
4. Confirmation 2 - a technical indicator used to identify trends
5. Continuation - a technical indicator used to identify trends
6. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown
7. Exit - a technical indicator used to determine when a trend is exhausted
8. Metamorphosis - a technical indicator that produces a compound signal from the combination of other GKD indicators*
*(not part of the NNFX algorithm)
What is Volatility in the NNFX trading system?
In the NNFX (No Nonsense Forex) trading system, ATR (Average True Range) is typically used to measure the volatility of an asset. It is used as a part of the system to help determine the appropriate stop loss and take profit levels for a trade. ATR is calculated by taking the average of the true range values over a specified period.
True range is calculated as the maximum of the following values:
-Current high minus the current low
-Absolute value of the current high minus the previous close
-Absolute value of the current low minus the previous close
ATR is a dynamic indicator that changes with changes in volatility. As volatility increases, the value of ATR increases, and as volatility decreases, the value of ATR decreases. By using ATR in NNFX system, traders can adjust their stop loss and take profit levels according to the volatility of the asset being traded. This helps to ensure that the trade is given enough room to move, while also minimizing potential losses.
Other types of volatility include True Range Double (TRD), Close-to-Close, and Garman-Klass
What is a Baseline indicator?
The baseline is essentially a moving average, and is used to determine the overall direction of the market.
The baseline in the NNFX system is used to filter out trades that are not in line with the long-term trend of the market. The baseline is plotted on the chart along with other indicators, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR).
Trades are only taken when the price is in the same direction as the baseline. For example, if the baseline is sloping upwards, only long trades are taken, and if the baseline is sloping downwards, only short trades are taken. This approach helps to ensure that trades are in line with the overall trend of the market, and reduces the risk of entering trades that are likely to fail.
By using a baseline in the NNFX system, traders can have a clear reference point for determining the overall trend of the market, and can make more informed trading decisions. The baseline helps to filter out noise and false signals, and ensures that trades are taken in the direction of the long-term trend.
What is a Confirmation indicator?
Confirmation indicators are technical indicators that are used to confirm the signals generated by primary indicators. Primary indicators are the core indicators used in the NNFX system, such as the Average True Range (ATR), the Moving Average (MA), and the Relative Strength Index (RSI).
The purpose of the confirmation indicators is to reduce false signals and improve the accuracy of the trading system. They are designed to confirm the signals generated by the primary indicators by providing additional information about the strength and direction of the trend.
Some examples of confirmation indicators that may be used in the NNFX system include the Bollinger Bands, the MACD (Moving Average Convergence Divergence), and the MACD Oscillator. These indicators can provide information about the volatility, momentum, and trend strength of the market, and can be used to confirm the signals generated by the primary indicators.
In the NNFX system, confirmation indicators are used in combination with primary indicators and other filters to create a trading system that is robust and reliable. By using multiple indicators to confirm trading signals, the system aims to reduce the risk of false signals and improve the overall profitability of the trades.
What is a Continuation indicator?
In the NNFX (No Nonsense Forex) trading system, a continuation indicator is a technical indicator that is used to confirm a current trend and predict that the trend is likely to continue in the same direction. A continuation indicator is typically used in conjunction with other indicators in the system, such as a baseline indicator, to provide a comprehensive trading strategy.
What is a Volatility/Volume indicator?
Volume indicators, such as the On Balance Volume (OBV), the Chaikin Money Flow (CMF), or the Volume Price Trend (VPT), are used to measure the amount of buying and selling activity in a market. They are based on the trading volume of the market, and can provide information about the strength of the trend. In the NNFX system, volume indicators are used to confirm trading signals generated by the Moving Average and the Relative Strength Index. Volatility indicators include Average Direction Index, Waddah Attar, and Volatility Ratio. In the NNFX trading system, volatility is a proxy for volume and vice versa.
By using volume indicators as confirmation tools, the NNFX trading system aims to reduce the risk of false signals and improve the overall profitability of trades. These indicators can provide additional information about the market that is not captured by the primary indicators, and can help traders to make more informed trading decisions. In addition, volume indicators can be used to identify potential changes in market trends and to confirm the strength of price movements.
What is an Exit indicator?
The exit indicator is used in conjunction with other indicators in the system, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR), to provide a comprehensive trading strategy.
The exit indicator in the NNFX system can be any technical indicator that is deemed effective at identifying optimal exit points. Examples of exit indicators that are commonly used include the Parabolic SAR, the Average Directional Index (ADX), and the Chandelier Exit.
The purpose of the exit indicator is to identify when a trend is likely to reverse or when the market conditions have changed, signaling the need to exit a trade. By using an exit indicator, traders can manage their risk and prevent significant losses.
In the NNFX system, the exit indicator is used in conjunction with a stop loss and a take profit order to maximize profits and minimize losses. The stop loss order is used to limit the amount of loss that can be incurred if the trade goes against the trader, while the take profit order is used to lock in profits when the trade is moving in the trader's favor.
Overall, the use of an exit indicator in the NNFX trading system is an important component of a comprehensive trading strategy. It allows traders to manage their risk effectively and improve the profitability of their trades by exiting at the right time.
What is an Metamorphosis indicator?
The concept of a metamorphosis indicator involves the integration of two or more GKD indicators to generate a compound signal. This is achieved by evaluating the accuracy of each indicator and selecting the signal from the indicator with the highest accuracy. As an illustration, let's consider a scenario where we calculate the accuracy of 10 indicators and choose the signal from the indicator that demonstrates the highest accuracy.
The resulting output from the metamorphosis indicator can then be utilized in a GKD-BT backtest by occupying a slot that aligns with the purpose of the metamorphosis indicator. The slot can be a GKD-B, GKD-C, or GKD-E slot, depending on the specific requirements and objectives of the indicator. This allows for seamless integration and utilization of the compound signal within the GKD-BT framework.
How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above?
Loxx's GKD v2.0 system has five types of modules (indicators/strategies). These modules are:
1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm)
2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm)
3. GKD-C - Confirmation 1/2 and Continuation module (Confirmation 1/2 and Continuation, Numbers 3, 4, and 5 in the NNFX algorithm)
4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 6 in the NNFX algorithm)
5. GKD-E - Exit module (Exit, Number 7 in the NNFX algorithm)
6. GKD-M - Metamorphosis module (Metamorphosis, Number 8 in the NNFX algorithm, but not part of the NNFX algorithm)
(additional module types will added in future releases)
Each module interacts with every module by passing data to A backtest module wherein the various components of the GKD system are combined to create a trading signal.
That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Continuation indicator. The Continuation indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy.
This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm.
What does the application of the GKD trading system look like?
Example trading system:
Backtest: Multi-Ticker CC Backtest
Baseline: Hull Moving Average
Volatility/Volume: Hurst Exponent
Confirmation 1: Advance Trend Pressure as shown on the chart above
Confirmation 2: uf2018
Continuation: Coppock Curve
Exit: Rex Oscillator
Metamorphosis: Baseline Optimizer
Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, GKD-M, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD system.
█ Giga Kaleidoscope Modularized Trading System Signals
Standard Entry
1. GKD-C Confirmation gives signal
2. Baseline agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Confirmation 2 agrees
6. Volatility/Volume agrees
1-Candle Standard Entry
1a. GKD-C Confirmation gives signal
2a. Baseline agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
Next Candle
1b. Price retraced
2b. Baseline agrees
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Volatility/Volume agrees
Baseline Entry
1. GKD-B Baseline gives signal
2. Confirmation 1 agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Confirmation 2 agrees
6. Volatility/Volume agrees
7. Confirmation 1 signal was less than 'Maximum Allowable PSBC Bars Back' prior
1-Candle Baseline Entry
1a. GKD-B Baseline gives signal
2a. Confirmation 1 agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
5a. Confirmation 1 signal was less than 'Maximum Allowable PSBC Bars Back' prior
Next Candle
1b. Price retraced
2b. Baseline agrees
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Volatility/Volume agrees
Volatility/Volume Entry
1. GKD-V Volatility/Volume gives signal
2. Confirmation 1 agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Confirmation 2 agrees
6. Baseline agrees
7. Confirmation 1 signal was less than 7 candles prior
1-Candle Volatility/Volume Entry
1a. GKD-V Volatility/Volume gives signal
2a. Confirmation 1 agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
5a. Confirmation 1 signal was less than 'Maximum Allowable PSVVC Bars Back' prior
Next Candle
1b. Price retraced
2b. Volatility/Volume agrees
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Baseline agrees
Confirmation 2 Entry
1. GKD-C Confirmation 2 gives signal
2. Confirmation 1 agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Volatility/Volume agrees
6. Baseline agrees
7. Confirmation 1 signal was less than 7 candles prior
1-Candle Confirmation 2 Entry
1a. GKD-C Confirmation 2 gives signal
2a. Confirmation 1 agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
5a. Confirmation 1 signal was less than 'Maximum Allowable PSC2C Bars Back' prior
Next Candle
1b. Price retraced
2b. Confirmation 2 agrees
3b. Confirmation 1 agrees
4b. Volatility/Volume agrees
5b. Baseline agrees
PullBack Entry
1a. GKD-B Baseline gives signal
2a. Confirmation 1 agrees
3a. Price is beyond 1.0x Volatility of Baseline
Next Candle
1b. Price inside Goldie Locks Zone Minimum
2b. Price inside Goldie Locks Zone Maximum
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Volatility/Volume agrees
Continuation Entry
1. Standard Entry, 1-Candle Standard Entry, Baseline Entry, 1-Candle Baseline Entry, Volatility/Volume Entry, 1-Candle Volatility/Volume Entry, Confirmation 2 Entry, 1-Candle Confirmation 2 Entry, or Pullback entry triggered previously
2. Baseline hasn't crossed since entry signal trigger
4. Confirmation 1 agrees
5. Baseline agrees
6. Confirmation 2 agrees
CCI RSI Trading SignalThe "CCI RSI Trading Signal" indicator combines the Commodity Channel Index (CCI) and Relative Strength Index (RSI) to provide buy and sell signals for trading. The CCI identifies potential trend reversals, while the RSI helps confirm overbought and oversold conditions.
How It Works:
The indicator generates a buy signal when the CCI crosses above -100 (indicating a potential bullish reversal) and the RSI is below the specified oversold level. On the other hand, a sell signal is produced when the CCI crosses below 100 (indicating a potential bearish reversal) and the RSI is above the specified overbought level.
Customization:
Traders can adjust the RSI and CCI periods, RSI oversold and overbought levels, as well as take profit, stop loss, and lot size settings to suit their trading preferences.
Usage:
The "CCI RSI Trading Signal" indicator can be used on various timeframes and markets to aid in decision-making, providing potential entry and exit points based on the combined analysis of CCI and RSI.
Relative Strength Volume ComparisonThe Relative Strength Volume Comparison is a powerful tool that can help traders identify the current trend based on volume pressure and potential reversals.
This oscillator is made of two lines and the overbought and oversold levels. Each of these two lines is a relative-strength formula that contains both the famous RSI and CCI formulas, smoothed by a Hull moving average.
The two lines are different for input. The colored line is based just on price and changes color based on the relation with the other line. The second line uses as input an average of three different popular volume indicators: The OBV, the Accumulation/Distribution, and the PVT.
Thanks to this tool, which uses 6 different formulas combined, traders can:
- Identify the current trend direction, based on the color of the area fill and the first colored line
- Identify potential reversal areas thanks to the overbought and oversold levels, customizable in the input section alongside the length and smoothing parameters.
Extreme Entry with Mean Reversion and Trend FilterThis non-repainting indicator is an improved version of my previous work, a more versatile tool designed to provide traders with dynamic and adaptive entry signals while incorporating a mean reversion and trend filtering mechanism. By combining RSI overbought/oversold, regular divergence and confirmatory momentum oscillator such as CCI or MOM, this indicator generates more precise and timely signals for entering trades.
The indicator offers a comprehensive set of entry conditions for both Buy and Sell entries:
• For Buy entries, it checks for oversold conditions based on RSI levels, and detects bullish divergence patterns while oversold and it identifies upward crossovers in the selected entry signal source (CCI or Momentum).
• Similarly, for Sell entries, it identifies downward crossovers of the CCI or Mom, after the recent overbought conditions, and bearish divergence patterns inside the overbought RSI.
To refine the entry signals even further, the indicator utilizes a mean reversion filter. Traders can choose to display signals that occur inside or outside the upper and lower mean reversion bands:
• Range Entries are indicating potential buying opportunities near the lower band and selling opportunities near the upper band. This is based on the concept of mean reversion, which suggests that prices tend to return to the average when they reach the upper or lower bands. By focusing on these signals, traders can take advantage of price movements that have a higher probability of reversing towards the mean.
• Extreme Entries, on the other hand, represent signals that occur outside of the bands, signaling potential pullbacks during strong trends. By entering positions only at extreme highs or lows, traders can avoid getting caught in the middle of the trend. This approach helps traders capitalize more favorable trading opportunities which have a high reward-risk ratio.
Trend Filter acts as a directional bias for the entry signals. When enabled, long and short entry conditions are filtered based on the relationship between the closing price and the EMA.
Traders have the flexibility to customize, tweak the indicator filter and values in the settings according to their preferences strategies and traded assets, tailoring the signals to their specific needs. The script sets alert conditions to trigger alerts for buy, sell, or both entry signals. This indicator can be used in conjunction with price action or other technical analysis tools for confirmation and better trading decisions.
I created this indicator for my own use, and I share this for informational purposes only. It does not constitute financial advice so use at your own risk and consider your financial situation before making any trading decisions. The indicator's accuracy is not guaranteed, and past performance is not indicative of future results.
I appreciate your feedback on this indicator. As I am new to script development, I am open to comments and suggestions to improve it. If you encounter any issues while using this indicator, please let me know in the comments section. If you find it helpful, I kindly ask for your support in boosting it. Thank you for your cooperation.
MEO Reversal and AlertHello; This indicator offers a suite of diverse analytical features. These features are typically triggered in unusual overbought and oversold conditions and are primarily used to identify excessive buying or selling and for general monitoring in suspicious cases.
Below is a general overview of the various features of this indicator:
RSI Overbought and Oversold Zones: This feature determines whether the RSI is in the overbought or oversold zones.
RSI Peak and Trough Points: Identifies the peak and trough points of the RSI.
Stoch RSI Peak and Trough Points: Identifies the peak and trough points of the Stoch RSI.
MACD Peak and Trough Points: Identifies the peak and trough points of the MACD.
MACD Overflow Points: Detects the overflow points of the MACD.
WaveTrend Reversal Points: Identifies the reversal points of the WaveTrend.
Money Flow Index (MFI) Potential Reversals: Determines the potential reversal points of the MFI.
Z-Score Outliers: Identifies the deviation points of the Z-Score.
Momentum Reversal Points: Identifies the reversal points of Momentum.
SR Support Resistance Breakouts: Determines the breakout points of support and resistance.
Rate of Change (ROC) Rapid Price Change Points: Identifies the rapid price change points of the ROC.
You can set alert conditions for each feature.
The inspiration for this indicator came from the idea of making a few indicators easier and faster to use together. Instead of tracking three basic indicators as shown in the image, I thought it might be more straightforward to follow the Reversal indicator. I imagined this could generally be a handy tip-off indicator and wanted to share it with you. Please write if you have any questions or if there's something you'd like to ask.
However, remember that this should not be considered as investment advice and should not be used for direct buying or selling operations. Each trade is under the individual user's responsibility.
For frequently asked questions, you can check the TradingView support page here: tr.tradingview.com
InteliTrend StableFXThis appealing little tool is a derivation of the CCI indicator and was developed in 2023 by Mario Jemic for MT4. It has additional settings that the conventional CCI indicator does not have. Furthermore, it is combined with moving averages to create signals. This is lines crossing confirmation type indicator. Look for the orange line to cross the moving average (red line).
Differences from the original:
1. Though it was coded in 2023, the original is for people who are still running Windows 95 and would like to do technical analysis on MT4.
2. The original had an additional stochastic moving average that was not particularly useful and made the indicator busy.
3. All of the moving average options have been ported over with 2 additional choices. (Hull and Arnaud Legoux added).
4. The default options are set as the tweaks that were discovered by StoneHill Forex (stonehillforex.com). You can also download the original from them.
I will probably add a few more features and options in the near future such as visuals for crossovers etc.
Enjoy!
d1g1talshad0w
Reversion Zone IndexThe Reversion Zone Index (RZI) is an indicator that combines the Commodity Channel Index (CCI), Choppiness Index (CI), and Bollinger Bands Percentage (BBPct) to identify mean reversion signals in the market. It is plotted as an Exponential Moving Average (EMA) smoothed oscillator with overbought and oversold zones, and mean reversion signals are represented by red and green arrows.
The three indicators are combined to benefit from their complementary aspects and create a more comprehensive view of mean reversion conditions. Here's a brief overview of each indicator's benefits:
1. Commodity Channel Index (CCI): CCI measures the current price level relative to its average over a specified period. It helps identify overbought and oversold conditions, as well as potential trend retracements. By incorporating CCI, the RZI gains insights into momentum and potential turning points.
2. Choppiness Index (CI): CI quantifies the market's choppiness or trendiness by analyzing the range between the highest high and lowest low over a specific period. It indicates whether the market is in a trending or ranging phase. CI provides valuable information about the market state, which can be useful in mean reversion analysis.
3. Bollinger Bands Percentage (BBPct): BBPct measures the current price's position relative to the Bollinger Bands. It calculates the percentage difference between the current price and the bands, identifying potential overbought or oversold conditions. BBPct helps gauge the market's deviation from its typical behavior and highlights potential reversal opportunities.
The RZI combines the three indicators by taking an average of their values and applying further calculations. It smooths the combined oscillator using an EMA to reduce noise and enhance the visibility of the trends. Smoothing with EMA provides a more responsive representation of the overall trend and helps filter out short-term fluctuations.
The overbought and oversold zones are marked on the chart as reference levels. When the combined oscillator is above the overbought zone or below the oversold zone, it suggests a potential mean reversion signal. Red and green arrows are displayed to visually indicate these mean retracement signals.
The RZI is a valuable tool for identifying mean reversion opportunities in the market. It incorporates multiple indicators, each providing unique insights into different aspects of mean reversion, such as momentum, volatility, and price positioning. Traders can use this indicator to spot potential turning points and time their trades accordingly.
GKD-C StableFX [Loxx]The Giga Kaleidoscope GKD-C StableFX is a confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System."
█ GKD-C StableFX
StableFX is an indicator based on the Commodity Channel Index (CCI) that incorporates a lagged CCI calculation using the typical source price. It applies a smoothing algorithm to generate a signal. The lagged CCI calculations are weighted by the inputs C1, C2, and C3. The minimum and maximum values of the lagged CCI are calculated, and the sum of these values is then smoothed. This line is the green and red trigger line. This final smoothed value is then also lagged. This final output his the signal line in white
█ Giga Kaleidoscope Modularized Trading System
Core components of an NNFX algorithmic trading strategy
The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm:
1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc.
2. Baseline - a moving average to identify price trend
3. Confirmation 1 - a technical indicator used to identify trends
4. Confirmation 2 - a technical indicator used to identify trends
5. Continuation - a technical indicator used to identify trends
6. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown
7. Exit - a technical indicator used to determine when a trend is exhausted
8. Metamorphosis - a technical indicator that produces a compound signal from the combination of other GKD indicators*
*(not part of the NNFX algorithm)
What is Volatility in the NNFX trading system?
In the NNFX (No Nonsense Forex) trading system, ATR (Average True Range) is typically used to measure the volatility of an asset. It is used as a part of the system to help determine the appropriate stop loss and take profit levels for a trade. ATR is calculated by taking the average of the true range values over a specified period.
True range is calculated as the maximum of the following values:
-Current high minus the current low
-Absolute value of the current high minus the previous close
-Absolute value of the current low minus the previous close
ATR is a dynamic indicator that changes with changes in volatility. As volatility increases, the value of ATR increases, and as volatility decreases, the value of ATR decreases. By using ATR in NNFX system, traders can adjust their stop loss and take profit levels according to the volatility of the asset being traded. This helps to ensure that the trade is given enough room to move, while also minimizing potential losses.
Other types of volatility include True Range Double (TRD), Close-to-Close, and Garman-Klass
What is a Baseline indicator?
The baseline is essentially a moving average, and is used to determine the overall direction of the market.
The baseline in the NNFX system is used to filter out trades that are not in line with the long-term trend of the market. The baseline is plotted on the chart along with other indicators, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR).
Trades are only taken when the price is in the same direction as the baseline. For example, if the baseline is sloping upwards, only long trades are taken, and if the baseline is sloping downwards, only short trades are taken. This approach helps to ensure that trades are in line with the overall trend of the market, and reduces the risk of entering trades that are likely to fail.
By using a baseline in the NNFX system, traders can have a clear reference point for determining the overall trend of the market, and can make more informed trading decisions. The baseline helps to filter out noise and false signals, and ensures that trades are taken in the direction of the long-term trend.
What is a Confirmation indicator?
Confirmation indicators are technical indicators that are used to confirm the signals generated by primary indicators. Primary indicators are the core indicators used in the NNFX system, such as the Average True Range (ATR), the Moving Average (MA), and the Relative Strength Index (RSI).
The purpose of the confirmation indicators is to reduce false signals and improve the accuracy of the trading system. They are designed to confirm the signals generated by the primary indicators by providing additional information about the strength and direction of the trend.
Some examples of confirmation indicators that may be used in the NNFX system include the Bollinger Bands, the MACD (Moving Average Convergence Divergence), and the MACD Oscillator. These indicators can provide information about the volatility, momentum, and trend strength of the market, and can be used to confirm the signals generated by the primary indicators.
In the NNFX system, confirmation indicators are used in combination with primary indicators and other filters to create a trading system that is robust and reliable. By using multiple indicators to confirm trading signals, the system aims to reduce the risk of false signals and improve the overall profitability of the trades.
What is a Continuation indicator?
In the NNFX (No Nonsense Forex) trading system, a continuation indicator is a technical indicator that is used to confirm a current trend and predict that the trend is likely to continue in the same direction. A continuation indicator is typically used in conjunction with other indicators in the system, such as a baseline indicator, to provide a comprehensive trading strategy.
What is a Volatility/Volume indicator?
Volume indicators, such as the On Balance Volume (OBV), the Chaikin Money Flow (CMF), or the Volume Price Trend (VPT), are used to measure the amount of buying and selling activity in a market. They are based on the trading volume of the market, and can provide information about the strength of the trend. In the NNFX system, volume indicators are used to confirm trading signals generated by the Moving Average and the Relative Strength Index. Volatility indicators include Average Direction Index, Waddah Attar, and Volatility Ratio. In the NNFX trading system, volatility is a proxy for volume and vice versa.
By using volume indicators as confirmation tools, the NNFX trading system aims to reduce the risk of false signals and improve the overall profitability of trades. These indicators can provide additional information about the market that is not captured by the primary indicators, and can help traders to make more informed trading decisions. In addition, volume indicators can be used to identify potential changes in market trends and to confirm the strength of price movements.
What is an Exit indicator?
The exit indicator is used in conjunction with other indicators in the system, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR), to provide a comprehensive trading strategy.
The exit indicator in the NNFX system can be any technical indicator that is deemed effective at identifying optimal exit points. Examples of exit indicators that are commonly used include the Parabolic SAR, the Average Directional Index (ADX), and the Chandelier Exit.
The purpose of the exit indicator is to identify when a trend is likely to reverse or when the market conditions have changed, signaling the need to exit a trade. By using an exit indicator, traders can manage their risk and prevent significant losses.
In the NNFX system, the exit indicator is used in conjunction with a stop loss and a take profit order to maximize profits and minimize losses. The stop loss order is used to limit the amount of loss that can be incurred if the trade goes against the trader, while the take profit order is used to lock in profits when the trade is moving in the trader's favor.
Overall, the use of an exit indicator in the NNFX trading system is an important component of a comprehensive trading strategy. It allows traders to manage their risk effectively and improve the profitability of their trades by exiting at the right time.
What is an Metamorphosis indicator?
The concept of a metamorphosis indicator involves the integration of two or more GKD indicators to generate a compound signal. This is achieved by evaluating the accuracy of each indicator and selecting the signal from the indicator with the highest accuracy. As an illustration, let's consider a scenario where we calculate the accuracy of 10 indicators and choose the signal from the indicator that demonstrates the highest accuracy.
The resulting output from the metamorphosis indicator can then be utilized in a GKD-BT backtest by occupying a slot that aligns with the purpose of the metamorphosis indicator. The slot can be a GKD-B, GKD-C, or GKD-E slot, depending on the specific requirements and objectives of the indicator. This allows for seamless integration and utilization of the compound signal within the GKD-BT framework.
How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above?
Loxx's GKD v2.0 system has five types of modules (indicators/strategies). These modules are:
1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm)
2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm)
3. GKD-C - Confirmation 1/2 and Continuation module (Confirmation 1/2 and Continuation, Numbers 3, 4, and 5 in the NNFX algorithm)
4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 6 in the NNFX algorithm)
5. GKD-E - Exit module (Exit, Number 7 in the NNFX algorithm)
6. GKD-M - Metamorphosis module (Metamorphosis, Number 8 in the NNFX algorithm, but not part of the NNFX algorithm)
(additional module types will added in future releases)
Each module interacts with every module by passing data to A backtest module wherein the various components of the GKD system are combined to create a trading signal.
That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Continuation indicator. The Continuation indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy.
This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm.
What does the application of the GKD trading system look like?
Example trading system:
Backtest: Multi-Ticker CC Backtest
Baseline: Hull Moving Average
Volatility/Volume: Hurst Exponent
Confirmation 1: StableFX as shown on the chart above
Confirmation 2: uf2018
Continuation: Coppock Curve
Exit: Rex Oscillator
Metamorphosis: Baseline Optimizer
Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, GKD-M, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD system.
█ Giga Kaleidoscope Modularized Trading System Signals
Standard Entry
1. GKD-C Confirmation gives signal
2. Baseline agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Confirmation 2 agrees
6. Volatility/Volume agrees
1-Candle Standard Entry
1a. GKD-C Confirmation gives signal
2a. Baseline agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
Next Candle
1b. Price retraced
2b. Baseline agrees
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Volatility/Volume agrees
Baseline Entry
1. GKD-B Baseline gives signal
2. Confirmation 1 agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Confirmation 2 agrees
6. Volatility/Volume agrees
7. Confirmation 1 signal was less than 'Maximum Allowable PSBC Bars Back' prior
1-Candle Baseline Entry
1a. GKD-B Baseline gives signal
2a. Confirmation 1 agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
5a. Confirmation 1 signal was less than 'Maximum Allowable PSBC Bars Back' prior
Next Candle
1b. Price retraced
2b. Baseline agrees
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Volatility/Volume agrees
Volatility/Volume Entry
1. GKD-V Volatility/Volume gives signal
2. Confirmation 1 agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Confirmation 2 agrees
6. Baseline agrees
7. Confirmation 1 signal was less than 7 candles prior
1-Candle Volatility/Volume Entry
1a. GKD-V Volatility/Volume gives signal
2a. Confirmation 1 agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
5a. Confirmation 1 signal was less than 'Maximum Allowable PSVVC Bars Back' prior
Next Candle
1b. Price retraced
2b. Volatility/Volume agrees
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Baseline agrees
Confirmation 2 Entry
1. GKD-C Confirmation 2 gives signal
2. Confirmation 1 agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Volatility/Volume agrees
6. Baseline agrees
7. Confirmation 1 signal was less than 7 candles prior
1-Candle Confirmation 2 Entry
1a. GKD-C Confirmation 2 gives signal
2a. Confirmation 1 agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
5a. Confirmation 1 signal was less than 'Maximum Allowable PSC2C Bars Back' prior
Next Candle
1b. Price retraced
2b. Confirmation 2 agrees
3b. Confirmation 1 agrees
4b. Volatility/Volume agrees
5b. Baseline agrees
PullBack Entry
1a. GKD-B Baseline gives signal
2a. Confirmation 1 agrees
3a. Price is beyond 1.0x Volatility of Baseline
Next Candle
1b. Price inside Goldie Locks Zone Minimum
2b. Price inside Goldie Locks Zone Maximum
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Volatility/Volume agrees
Continuation Entry
1. Standard Entry, 1-Candle Standard Entry, Baseline Entry, 1-Candle Baseline Entry, Volatility/Volume Entry, 1-Candle Volatility/Volume Entry, Confirmation 2 Entry, 1-Candle Confirmation 2 Entry, or Pullback entry triggered previously
2. Baseline hasn't crossed since entry signal trigger
4. Confirmation 1 agrees
5. Baseline agrees
6. Confirmation 2 agrees
Edri Extreme Points Buy & SellEDRI EXTREME POINTS BUY & SELL INDICATOR
This Buy and Sell (non-repainting) indicator uses signals based on the combined CCI/Momentum and RSI indicators and optional regular divergence.
The idea of the indicator is to look for a potential reversal after the price reached extreme points (overbought or oversold) and signals an entry when the price shows signs of momentum for reversal.
Optionally, it considers finding a divergence while RSI is at the extreme levels to improve the predictability of a possible reversal.
Additionally, the indicator includes a simple Mean Reversion visual on the chart to assist users in identifying extreme price levels and potential reversal opportunities. It features upper and lower bands that can be optionally plotted, showing calculated values where price bounces at those extreme levels.
The purpose of these bands is to help traders avoid getting trapped in the middle of a trend and to guide them to buy low and sell high. (It's important to note that this is purely a visual aid and does not impact the generation of trade signals.)
By utilizing the Mean Reversion bands alongside the entry conditions, traders can gain insights into potential price reversals and make more informed decisions about when to enter or exit trades.
Buy and Sell Entry conditions:
• The indicator looks at the CCI/Momentum indicator to turn positive (if buy) or negative (if sell) after the RSI was overbought or oversold in the recent past.
• It also checks if there is a 3-period regular bullish divergence in the RSI (if buy), or regular bearish divergence (if sell) and consider these in the entry condition.
• If these conditions are met, this indicator suggests that it may be a good time to enter a trade.
In summary this is how this indicator works:
• The indicator takes input settings such as the choice between using CCI or Momentum as the entry signal source, length parameters for CCI/Momentum, RSI levels for overbought and oversold conditions, RSI length, and options to plot mean reversion bands on the chart.
• It calculates the CCI and Momentum and RSI values based on user-defined length..
• It checks for regular bullish and bearish divergences (3 periods) in the RSI if the option is enabled.
• The script plots shapes on the chart to indicate the buy and sell signals based on the entry conditions.
• If the mean reversion bands option is enabled, it calculates the mean reversion, standard deviation, upper band, and lower band values.
• It also plots the upper band, mean reversion line, and lower band on the chart if the mean reversion bands option is enabled.
• This indicator includes alert conditions to generate alerts for the buy and sell signals.
• On top of that, users can opt to use only one alert for both buy and sell signals. (This can save Trading view subscribers with limited alerts.)
Important! Please do not consider everything you read here as financial advice. Additionally, do not rely solely on indicators for making your trading decisions. It is important to note that no indicator or strategy is perfect. Therefore, it is always recommended to backtest everything and practice proper risk management.
I appreciate your feedback on this indicator. As I am new to script development, I am open to comments and suggestions to improve it. If you encounter any issues while using this indicator, please let me know in the comments section. If you find it helpful, I kindly ask for your support in boosting it. Thank you for your cooperation.
TRADE WITH MACDThis indicator is used to identify the trend through the background color and by using the MACD indicator information and summarizing the moving average information and identifying the trend through the integration of information and then warning the fall and growth of the price of Bitcoin relative to the successful entry into any transaction by the trader. it helps
Some features of this indicator:
- The table draws the time frames in the desired time period quickly and accurately
- Identifying and inserting ascending and descending trends
- View the chart of five moving averages (9, 20, 50, 100, 200) at the same time
- Draw charts automatically or draw a chart with the desired interval length and desired start time
- Automatic updating of price data charts
- Changing the background color and warning in separate time frames from the current time frame as desired by the trader
Combi CCICombi CCI (CCCI): A Comprehensive Multi-Timeframe Indicator
Combi CCI (CCCI) is a powerful indicator that combines the Commodity Channel Index (CCI) across multiple timeframes. The purpose of CCCI is to provide a holistic view of the CCI, as it often happens that the CCI reaches its minimum or maximum value while the price continues to move in the same direction.
Seamless Integration of Timeframes for Enhanced Analysis
By incorporating CCI readings from different timeframes, CCCI eliminates the need for constantly switching between charts. You can keep a lower timeframe chart open while simultaneously benefiting from the insights provided by CCCI based on a higher timeframe.
Flexible Settings to Tailor the Indicator
CCCI offers customizable settings to suit your trading preferences. You can choose three timeframes of your choice and assign weights to each timeframe. If you prefer to work with only two timeframes, you have the option to assign a weight of 0 to the third timeframe.
Weighting Factor: Determining Importance
The assigned weight for each timeframe is crucial in determining its significance in the CCCI calculation. While the weight can be any non-negative number, it is the relative weights that matter the most. A higher weight value indicates a greater importance placed on that specific timeframe in the CCCI analysis.
Utilizing CCCI as an Effective Tool
While CCCI can be used as a regular CCI indicator, such as identifying buying opportunities in the oversold range or selling opportunities in the overbought range, it is essential to note that CCCI is not intended to be used as a standalone indicator. To make informed trading decisions, it is highly recommended to seek confluence with other indicators and analyze the overall market context.
Indicator analysis
Furthermore, the CCCI indicator includes built-in analysis on top of the indicator data. You can choose from SMA, EMA, BB, or you have an option to turn this feature off by selecting None. This provides an additional layer of information on top of the indicator data.
The indicator also includes automatic divergence detection. The data is correlated with the opened price chart, and bullish, bearish, both normal and hidden divergences are also visually displayed in the indicator area.
