Re-Accumulation & Re-Distribution ZonesHighlights re-accumulation and re-distribution zones based off the idea that price will cross an EMA continue for awhile, retrace for additional orders, and then cross back over.
The EMA length and the number of candles above/below the EMA as configurable parameters.
For Re-Accumulation, the price must first cross above the EMA and then remain above for the set number of candles.
For Re-Distribution, the price must first cross below the EMA and then remain below for the set number of candles.
Kitaran
AstroTrading_SpecialLevelsOverview
This Pine Script™ (version 5) indicator is designed to detect and mark key price levels using pivot points and Fibonacci extensions. It looks back over a user-defined number of bars to identify significant pivot highs and lows, then searches for specific patterns—either a bullish “dip–peak–dip” or a bearish “peak–dip–peak” formation. Once such a pattern is found, the script calculates Fibonacci-based levels (including STOP, Entry, and multiple target levels) and displays them on the chart with horizontal lines and labels.
Key Components
Input Parameters and Setup:
Bars Settings:
left_bars and right_bars define the number of bars to look left and right when calculating pivots.
lookback determines how many bars back (from the current bar) to search for potential pattern points.
Arrays for Pivot Points:
Two sets of arrays are created to store pivot lows and pivot highs along with their corresponding bar indices.
Pivot Point Calculation:
The script calculates pivot lows using ta.pivotlow(left_bars, right_bars) and pivot highs using ta.pivothigh(left_bars, right_bars).
When a valid pivot is detected (i.e. not na), its bar index (adjusted by right_bars) and value are pushed into the respective arrays.
Filtering by Lookback Period:
The code defines a start (bar_index - lookback) and end bar (bar_index - 1) to limit the search for pattern points.
It filters both pivot low and high arrays so that only points within this historical range are considered.
Pattern Detection – Bullish Formation (Dip–Peak–Dip):
The script searches for a sequence where:
Dip1: A pivot low is found.
Peak: A subsequent pivot high occurs after Dip1.
Dip2: A later pivot low occurs after the Peak.
Once these points are identified, it calculates the difference between the peak and the first dip.
It then creates arrays of Fibonacci multipliers ( ), corresponding level labels ("STOP", "Entry", "1. Target", "2. Target", "3. Target"), and associated colors.
For each multiplier, the price level is computed using the formula:
priceLevel = dip2 + (peak – dip1) × multiplier
Horizontal lines are drawn at these price levels (extending to the right), and labels are placed to show both the level name and its numeric value.
Pattern Detection – Bearish Formation (Peak–Dip–Peak):
If no bullish sequence is found, the script then looks for the opposite pattern:
Peak1: A pivot high.
Dip: A subsequent pivot low after Peak1.
Peak2: A later pivot high after the Dip.
The difference is computed as:
diff = peak1 – dip
Using the same Fibonacci multipliers and labels, the price level is now calculated as:
priceLevel = peak2 – diff × multiplier
Lines and labels are drawn similarly to indicate STOP, Entry, and multiple target levels.
Fallback:
If neither bullish nor bearish patterns are found within the lookback period, the script creates a label on the chart to inform the user that no valid sequence was detected.
Trading Implications
By identifying these patterns and plotting Fibonacci extension levels, the indicator provides traders with potential areas for:
Stops: Price levels where a reversal might occur.
Entry Points: Levels at which to consider initiating a trade.
Targets: One or more levels for taking profits.
Traders can use these levels in conjunction with other technical analysis tools to help time entries and exits more effectively.
This explanation is written to meet TradingView’s guidelines by clearly detailing each part of the script and its purpose without unnecessary commentary.
AstroTrading_DragonCombine1. Table Setup and User Inputs
Table Position and Font Size:
The script begins by asking the user to select a table position (e.g. Top Right) and a font size (Small, Medium, Large, Huge) via input options.
pinescript
Kopyala
positionInput = input.string("Sağ Üst Köşe", title="Tablo Konumu", options= )
fontSizeInput = input.string("Orta", title="Yazı Punto Büyüklüğü", options= )
Table Creation:
A table is created using table.new with 6 rows and 4 columns. The location of the table is determined by the selected input. This table will later display the name, entry, target, and stop levels for each of the five strategies.
2. Variable Declarations
The script defines several persistent variables to store levels for each indicator. These include:
Entry, target, and stop levels for each of the five sub-indicators (labeled as _1, _2, _3, _4, and _5).
Examples include targetLevel_1, fibLow_1, lastEntry_1, lastTarget_1, etc.
3. Indicator 1 – AstroTrading_AlphaBalance
Logic:
This part examines the previous candle’s high and low to compute its range. It then defines two conditions:
conditionUp_1: When the current close exceeds the previous high by at least 50% of the previous range.
conditionDown_1: When the current close falls below the previous low by 50% of the previous range.
Action:
Depending on whether the move is upward or downward, the script sets:
For an upward move:
fibLow_1 is set to the current low.
The entry level is taken as the current high.
The target is computed by taking the high and subtracting –0.786 times the range (this negative multiplier inverts the move).
The stop is set at the previous low.
For a downward move, similar logic applies with reversed roles.
Purpose:
This module generates a primary signal (AlphaBalance) based on extreme candle movements relative to the prior candle’s range.
4. Indicator 2 – AstroTrading_CandleElongation
Higher Timeframe Data:
The script uses the request.security function to obtain high, low, close, and open values from a user-specified timeframe.
Fibonacci Extension Calculation:
A function fiboExtension calculates two Fibonacci extension levels (approximately 0.786 and 1.618 multipliers) based on three price points.
Signal Conditions:
It checks if the previous candle (two bars ago) meets certain criteria relative to its open, and if the current candle’s close confirms an elongation move.
Output:
If conditions are met, the script sets:
candleEntry_2 to the lower Fibonacci level,
candleTarget_2 to the higher Fibonacci extension,
candleStop_2 to the current low (for a bullish setup) or high (for bearish).
Purpose:
This sub-indicator looks to capture significant candle elongation moves by using Fibonacci extension levels to define entry, target, and stop.
5. Indicator 3 – AstroTrading_FlaGama
Similar to a Flag Formation:
Like the previous “FlaGama” indicator, it checks if the current close is more than 50% beyond the previous candle’s high (conditionUp_3) or below the previous low (conditionDown_3).
Bar Coloring:
If either condition is met, the bar is colored orange to signal an extreme move.
Signal Generation:
Depending on the move’s direction:
Bullish Setup:
Calculates a Fibonacci level at 78.6% from the current low to high.
Sets the entry at this Fibonacci level.
The target is computed by adding the difference between the current high and the Fibonacci level to the current high.
The stop is set at the current low.
Bearish Setup:
Mirrors the Fibonacci calculation to derive a level for short entry.
The target is set below the current low, and the stop is at the current high.
Purpose:
The FlaGama section provides confirmation signals when extreme moves occur, helping traders decide on potential reversals.
6. Indicator 4 – AstroTrading_HermDown
EMA Crossover:
An EMA (111-period) is calculated. A crossover of the EMA above the close triggers a “kesilme” (cutoff) event.
First Candle Identification:
Once a crossover is detected, the next candle’s close is monitored. If that candle’s close remains below the cutoff level, it is considered the “first candle” of the HermDown setup.
Fibonacci Retracement:
It then calculates the highest high over the last 30 bars and derives a target level (fibNeg0618_4) at about 48.6% retracement from that high.
Signal Levels:
The entry is the cutoff close, the target is the calculated Fibonacci level, and the stop is the low of the cutoff candle.
Purpose:
This module aims to capture bearish reversals (HermDown) when the price drops sharply below an EMA, using Fibonacci retracement as a guide.
7. Indicator 5 – AstroTrading_HermUp
EMA Crossunder:
Similarly, an EMA (111-period) is used. A crossunder (EMA crossing below the close) signals a potential bullish reversal.
First Candle Confirmation:
The next candle’s close is checked to confirm the move.
Fibonacci Level:
A Fibonacci extension (approximately 61.8% of the distance from the cutoff close to the high) is computed to serve as the target.
Signal Levels:
The entry is set at the cutoff close, the target is the Fibonacci level, and the stop is set at the low.
Purpose:
This section captures bullish reversal signals (HermUp) when the price moves above an EMA.
8. Displaying Levels in a Table
Aggregating Data:
The script gathers the entry, target, and stop levels from all five sub-indicators.
Table Layout:
The table displays five rows (one for each indicator) with four columns:
Indicator name (e.g., “AlphaBalance”, “CandleElongation”, “FlaGama”, “HermDown”, “HermUp”)
Entry level
Target level
Stop level
Color Coding:
Entry cells have a blue background.
Target cells are colored green if above the current close or red if below.
Stop cells are given a gray background.
Purpose:
This consolidated view allows traders to quickly assess all key levels from different strategies on the chart.
Summary
The “AstroTrading_DragonCombine” indicator is a multi-faceted tool that merges five distinct trading setups into one comprehensive display. Each sub-indicator utilizes a unique method—ranging from extreme candle moves and Fibonacci extensions to EMA crossovers—to determine entry, target, and stop levels. These levels are then neatly summarized in a table overlay on the chart. By combining these approaches, traders can gain a broader perspective on market conditions and potential reversal points, enhancing their decision-making process while adhering to sound risk management principles.
This explanation is written to meet TradingView’s script publication standards, providing a clear, objective, and detailed overview of the indicator’s functionality and logic.
AstroTrading_FlaGamaOverview
This Pine Script™ indicator (version 5) is designed to detect a specific “flag formation” pattern based on aggressive price movements relative to the previous candle’s range. When the current candle’s closing price deviates significantly—by at least 50% of the previous candle’s range—above its high or below its low, the script marks the bar in orange. It then attempts to identify a confirmation pattern when a subsequent (second) orange candle appears, and based on the relationship between the closes of the two orange candles, it dynamically plots Fibonacci-based levels along with entry, stop, and target signals for potential long or short trades.
Key Components and Logic
Previous Candle Data Calculation:
prevHigh and prevLow:
The script captures the high and low of the previous bar (high and low ).
prevRange:
The range of the previous candle is computed as the difference between prevHigh and prevLow. This range is later used to calculate the threshold for a significant move.
Defining Significant Price Movements (Orange Bars):
conditionUp:
This condition checks if the current candle’s close is greater than the previous candle’s high plus 50% of the previous range. When true, it indicates a strong bullish move (a “green” scenario, but the indicator colors the bar orange to highlight the extreme move).
conditionDown:
Similarly, this condition checks if the current candle’s close is lower than the previous candle’s low minus 50% of the previous range. When true, it signals a strong bearish move.
barcolor:
If either condition is met, the script colors the bar orange. This visual cue allows traders to easily identify candles that have moved beyond the typical range of the prior session.
Tracking “Orange” Candles:
The script uses persistent (var) variables to store data from the first detected orange candle:
prevOrangeClose, prevOrangeLow, prevOrangeHigh: These hold the closing, low, and high values of the first extreme (orange) candle.
secondOrangeExists: A Boolean flag that is set to true once an orange candle is recorded.
Confirmation and Fibonacci Level Calculation:
When a new (second) orange candle is detected (i.e., when the current candle meets the condition and the flag secondOrangeExists is true), the script differentiates between two scenarios:
Bullish Confirmation (Long Setup):
Condition: The current candle’s close is higher than the first orange candle’s close.
Fibonacci Calculation:
The script calculates a Fibonacci retracement level at 78.6% (0.786) of the range between the current high and low. This level is considered as a potential long entry level.
Visual Elements:
A green dotted line is drawn at the Fibonacci level.
A long target line is plotted above the current high by the distance between the current high and the first orange candle’s low.
Labels are added to indicate the “LONG TARGET,” “LONG STOP” (placed at the first orange candle’s low), and “LONG Entry Level” (the Fibonacci level).
Bearish Confirmation (Short Setup):
Condition: The current candle’s close is lower than the first orange candle’s close.
Fibonacci Calculation:
In this case, the Fibonacci level is calculated in a mirrored manner (using –0.786), suggesting a short entry level.
Visual Elements:
A red dotted line is drawn at the calculated Fibonacci level.
A short target line is plotted below the current low by the distance between the first orange candle’s high and the current low.
Labels are added for “SHORT TARGET,” “SHORT STOP” (placed at the first orange candle’s high), and “SHORT Entry Level.”
Resetting the Indicator State:
If a candle does not meet the extreme move criteria (i.e., not orange), the flag secondOrangeExists is reset. This ensures that the indicator only considers consecutive extreme moves for generating trade signals.
Trading Strategy Implications
This indicator is designed to capture extreme moves that may lead to sharp reversals (either a short squeeze in a bullish scenario or a long squeeze in a bearish one). By:
Highlighting Price Extremes:
The orange bar color quickly alerts traders to significant deviations from the previous candle’s range.
Confirming with Consecutive Moves:
The use of a second extreme candle as a confirmation helps filter out false signals.
Employing Fibonacci Levels:
The dynamic Fibonacci level serves as a logical entry point, while the first extreme candle’s high or low acts as a stop-loss reference. A target level is also plotted based on the measured move.
Traders can integrate this setup into a broader risk management and technical analysis framework to time entries and exits more effectively.
Compliance with TradingView Script Publishing Rules
This explanation adheres to TradingView’s guidelines by clearly stating the functionality, describing each component and its purpose, and ensuring that the explanation is objective, detailed, and does not include promotional language. The script itself is annotated with comments (in both English and Turkish) and uses standard Pine Script™ functions (e.g., indicator(), line.new(), label.new(), etc.) to maintain clarity and reproducibility.
This detailed explanation should help traders understand how the “AstroTrading_FlaGama” indicator works, how it generates signals, and how it might be integrated into a comprehensive trading strategy.
Electronic Trading Hours Session/CandlesThis indicator visually distinguishes the electronic trading session, spanning from the prior day's close (e.g., 5:00 PM EST) through the overnight period until the next day's opening bell (e.g., 9:30 AM EST).
It can be customized to highlight this period with a shaded zone or colored candles depending on the trader’s preference.
The overnight levels that create the opening range gap often act as critical zones of liquidity.
The indicator provides a clear visual cue of potential price magnets that smart money (institutional traders) may target during the opening bell session to trigger liquidity sweeps.
Gann & Fibonacci Analysis for MSTRYes! Below is a step-by-step guide to performing Gann Analysis on MSTR in TradingView for the last year.
Step 1: Set Up the Chart
Open TradingView and search for MSTR (MicroStrategy).
Select the 1-day (D) timeframe to analyze the past year.
Set your chart to logarithmic scale (⚙ Settings → Scale → Log).
Enable grid lines for alignment (⚙ Settings → Appearance → Grid Lines).
Step 2: Identify Key Highs and Lows (Last Year)
Find the 52-week high and 52-week low for MSTR.
As of now:
52-Week High: ~$999 (March 2024).
52-Week Low: ~$280 (October 2023).
Step 3: Plot Gann Angles
Using TradingView's Gann Fan Tool:
Select "Gann Fan" (Press / and type “Gann Fan” to find it).
Start at the 52-week low (~$280, October 2023) and drag upwards.
Adjust the angles to match key levels:
1x1 (45°) → Main trendline
2x1 (26.5°) → Strong uptrend
4x1 (15°) → Weak trendline
1x2 (63.75°) → Strong resistance
Repeat the process from the 52-week high (~$999, March 2024) downward to see bearish angles.
Step 4: Apply Fibonacci & Gann Retracement Levels
Using Fibonacci Retracement:
Select "Fibonacci Retracement" tool.
Draw from 52-week high ($999) to 52-week low ($280).
Enable key Fibonacci levels:
23.6% ($816)
38.2% ($678)
50% ($640)
61.8% ($550)
78.6% ($430)
Watch for price reactions near these levels.
Using Gann Retracement Levels:
Select "Gann Box" in TradingView.
Draw from 52-week high ($999) to low ($280).
Enable key Gann retracement levels:
12.5% ($912)
25% ($850)
37.5% ($768)
50% ($640)
62.5% ($550)
75% ($480)
87.5% ($350)
Identify confluences with Gann angles and Fibonacci levels.
Step 5: Identify Significant Dates & Time Cycles
Use "Date Range" Tool in TradingView.
Mark major turning points:
High → Low: ~180 days (Half-year cycle).
Low → High: ~90 days (Quarter cycle).
Use Square-Outs (Time = Price method):
Example: If MSTR hit $500, check 500 days from key events.
Mark key anniversaries of past highs/lows for possible reversals.
Step 6: Analyze and Trade Execution
✅ If MSTR is at a Gann angle + Fibonacci level + key date → Expect a reaction.
✅ Use RSI, MACD, and Volume for extra confirmation.
✅ Set Stop-Loss at nearest Gann support/resistance.
Pere's Weekly Analysis V3This indicator is very simple; it is basically composed of a series of thin vertical lines and thicker ones:
- The thin lines symbolize the opening of the London session, which marks the beginning of a new day in the forex market.
- The thick lines, due to their prominence, represent the end of a week with the closing of the Asian session.
The combination of these two lines allows for a deeper understanding of what happens each day, enabling market analysis in lower timeframes, such as a 5-minute or 10-minute chart, without losing sight of the daily opening and closing references.
This indicator can be used to identify previous days' highs and lows, mark them as potential liquidity zones, and look for price reactions to these areas during the current day. Traders can combine this indicator with their personal strategies, simplifying chart analysis.
It is essential to have a solid understanding of market behavior and always trade with optimal risk management.
ESPAÑOL:
Este indicador es muy sencillo, básicamente está compuesto por una serie de líneas verticales delgadas y otras más gruesas:
- Las delgadas simbolizan la apertura de la sesión de Londres, es decir el inicio de un día nuevo en el mercado del forex.
- Las gruesas por su saldo simbolizan el final de una semana con el cierre de la sesión asiática.
Las combinación de estas 2 líneas nos permite tener una comprensión más profunda de lo que ocurre en cada día, pudiendo analizar el mercado en temporalidades más bajas, como por ejemplo, una temporalidad de 5 minutos o de 10 minutos, Pero sin perder las referencias del inicio y final de cada día.
Este indicador se puede utilizar para identificar máximos y mínimos de los días anteriores, marcarlos como potenciales zonas de liquidez, y buscar reacciones a dichas zonas durante el día actual. Los trader puede combinar este indicar con sus estrategias personales simplificando la lectura de los gráficos.
Es importante tener una buena comprensión del comportamiento de los mercado y siempre operar con una óptima gestión del riesgo.
Trend CounterTREND COUNTER is a Trend Exhaustion Indicator that tracks the persistence of price movements over a series of bars, helping traders identify potential trend exhaustion and reversals.
It compares each bar's value (typically the closing price) to a previous bar from a set lookback period (the lookback bar), counting consecutive bullish or bearish price movements.
The count resets when the trend reverses, signaling a potential shift in momentum.
• Price movement is considered bullish if the current price exceeds the lookback bar's price, incrementing the bullish count with each consecutive occurrence.
• Price movement is considered bearish if the current price is lower than the lookback bar's price, incrementing the bearish count with each consecutive occurrence.
• The count resets when the trend reverses.
• The user sets the threshold for sequence resets by defining the maximum number of consecutive occurrences.
• The count may reset before a trend reversal if it surpasses the user-defined threshold.
This type of indicator is useful for detecting trends, trend exhaustion, overbought or oversold conditions, and potential reversal points, helping traders anticipate market turns.
• Sequential occurrences gauge trend strength.
A long sequence of bullish bars suggests strong upward momentum, while consecutive bearish bars indicate sustained downward pressure.
This helps traders assess whether a trend is likely to continue or weaken.
• Identify thresholds for potential reversal points.
Counting consecutive bullish or bearish price movements can highlight overextended trends.
A trend reaching a predefined threshold may signal an upcoming reversal or momentum slowdown.
• Identify potential entry or exit points.
If trends are showing signs of exhaustion after a certain number of consecutive price movements, traders may use this for timing adjustments to their position.
• Assess risk.
Understanding trend strength helps traders better adjust stop-loss or take-profit levels.
Sequential counting provides a structured approach to trade management.
Visualization & Customization
The Sequential Momentum indicator visually represents consecutive bullish or bearish price movements to define trends and highlight key shifts.
• The bullish/bearish bar sequences are based on user-defined thresholds.
• Customizable bar coloring, labels, and plot shapes enhanced trend visualization.
• Dynamic color transitions make trend shifts easily identifiable.
Tracking consecutive bullish or bearish price movements can be effective when combined with other indicators or applied in specific market conditions (e.g., trending or volatile markets).
However, its reliability depends on market conditions and the trader’s interpretation.
This indicator is best used as a complementary tool rather than a standalone signal, helping traders visualize and quantify market momentum within a broader strategy.
[GYTS] Filters ToolkitFilters Toolkit indicator
🌸 Part of GoemonYae Trading System (GYTS) 🌸
🌸 --------- 1. INTRODUCTION --------- 🌸
💮 Overview
The GYTS Filters Toolkit indicator is an advanced, interactive interface built atop the high‐performance, curated functions provided by the FiltersToolkit library . It allows traders to experiment with different combinations of filtering methods -— from smoothing low-pass filters to aggressive detrenders. With this toolkit, you can build custom indicators tailored to your specific trading strategy, whether you're looking for trend following, mean reversion, or cycle identification approaches.
🌸 --------- 2. FILTER METHODS AND TYPES --------- 🌸
💮 Filter categories
The available filters fall into four main categories, each marked with a distinct symbol:
🌗 Low Pass Filters (Smoothers)
These filters attenuate high-frequency components (noise) while allowing low-frequency components (trends) to pass through. Examples include:
Ultimate Smoother
Super Smoother (2-pole and 3-pole variants)
MESA Adaptive Moving Average (MAMA) and Following Adaptive Moving Average (FAMA)
BiQuad Low Pass Filter
ADXvma (Adaptive Directional Volatility Moving Average)
A2RMA (Adaptive Autonomous Recursive Moving Average)
Low pass filters are displayed on the price chart by default, as they follow the overall price movement. If they are combined with a high-pass or bandpass filter, they will be displayed in the subgraph.
🌓 High Pass Filters (Detrenders)
These filters do the opposite of low pass filters - they remove low-frequency components (trends) while allowing high-frequency components to pass through. Examples include:
Butterworth High Pass Filter
BiQuad High Pass Filter
High pass filters are displayed as oscillators in the subgraph below the price chart, as they fluctuate around a zero line.
🌑 Band Pass Filters (Cycle Isolators)
These filters combine aspects of both low and high pass filters, isolating specific frequency ranges while attenuating both higher and lower frequencies. Examples include:
Ehlers Bandpass Filter
Cyber Cycle
Relative Vigor Index (RVI)
BiQuad Bandpass Filter
Band pass filters are also displayed as oscillators in a separate panel.
🔮 Predictive Filter
Voss Predictive Filter: A special filter that attempts to predict future values of band-limited signals (only to be used as post-filter). Keep its prediction horizon short (1–3 bars) for reasonable accuracy.
Note that the the library contains elaborate documentation and source material of each filter.
🌸 --------- 3. INDICATOR FEATURES --------- 🌸
💮 Multi-filter configuration
One of the most powerful aspects of this indicator is the ability to configure multiple filters. compare them and observe their combined effects. There are four primary filters, each with its own parameter settings.
💮 Post-filtering
Process a filter’s output through an additional filter by enabling the post-filter option. This creates a filter chain where the output of one filter becomes the input to another. Some powerful combinations include:
Ultimate Smoother → MAMA: Creates an adaptive smoothing effect that responds well to market changes, good for trend-following strategies
Butterworth → Super Smoother → Butterworth: Produces a well-behaved oscillator with minimal phase distortion, John Ehlers also calls a "roofing filter". Great for identifying overbought/oversold conditions with minimal lag.
A bandpass filter → Voss Prediction filter: Attempts to predict future movements of cyclical components, handy to find peaks and troughs of the market cycle.
💮 Aggregate filters
Arguably the coolest feature: aggregating filters allow you to combine multiple filters with different weights. Important notes about aggregation:
You can only aggregate filters that appear on the same chart (price chart or oscillator panel).
The weights are automatically normalised, so only their relative values matter
Setting a weight to 0 (zero) excludes that filter from the aggregation
Filters don't need to be visibly displayed to be included in aggregation
💮 Rich visualisation & alerts
The indicator intelligently determines whether a filter is displayed on the price chart or in the subgraph (as an oscillator) based on its characteristics.
Dynamic colour palettes, adjustable line widths, transparency, and custom fill between any of enabled filters or between oscillators and the zero-line.
A clear legend showing which filters are active and how they're configured
Alerts for direction changes and crossovers of all filters
🌸 --------- 4. ACKNOWLEDGEMENTS --------- 🌸
This toolkit builds on the work of numerous pioneers in technical analysis and digital signal processing:
John Ehlers, whose groundbreaking research forms the foundation of many filters.
Robert Bristow-Johnson for the BiQuad filter formulations.
The TradingView community, especially @The_Peaceful_Lizard, @alexgrover, and others mentioned in the code of the library.
Everyone who has provided feedback, testing and support!
Combined Sequences (Tribonacci, Tetranacci, Lucas)🎯 Combined Sequences (Tribonacci, Tetranacci, Lucas) Indicator 🎯
Unlock the power of advanced mathematical sequences in your trading strategy with the **Combined Sequences Indicator**! This tool integrates **Tribonacci**, **Tetranacci**, and **Lucas** levels to help you identify key support and resistance zones with precision. Whether you're a day trader, swing trader, or long-term investor, this indicator provides a unique perspective on price action by combining multiple sequence-based levels.
---
### **Key Features:**
1. **Multiple Sequence Levels**:
- **Tribonacci Levels**: Based on the Tribonacci sequence, these levels are ideal for identifying dynamic support and resistance.
- **Tetranacci Levels**: A more advanced sequence that adds depth to your analysis.
- **Lucas Levels**: Derived from the Lucas sequence, these levels offer additional insights into market structure.
2. **Customizable Levels**:
- Choose the number of levels to display (up to 20).
- Toggle between **positive** and **negative** levels for each sequence.
3. **Flexible Price Source**:
- Select your preferred price type: **Open**, **High**, **Low**, **Close**, **HL2**, **HLC3**, or **HLCC4**.
4. **Customizable Line Styles**:
- Choose from **Solid**, **Dashed**, or **Dotted** lines.
- Adjust line width and extension type (**Left**, **Right**, or **Both**).
5. **Dynamic Labels**:
- Add labels to levels for better readability.
- Customize label position (**Left**, **Center**, or **Right**) and text size (**Normal**, **Small**, or **Tiny**).
6. **Timeframe Flexibility**:
- Works on any timeframe, from **1-minute** charts to **monthly** charts.
---
### **How It Works:**
- The indicator calculates **Tribonacci**, **Tetranacci**, and **Lucas** levels based on the selected price source and timeframe.
- These levels are plotted on the chart, providing clear visual cues for potential support and resistance zones.
- You can toggle each sequence on or off, allowing you to focus on the levels that matter most to your strategy.
---
### **Why Use This Indicator?**
- **Enhanced Market Analysis**: Combine multiple mathematical sequences to gain a deeper understanding of price action.
- **Customizable**: Tailor the indicator to your trading style with flexible settings.
- **User-Friendly**: Easy-to-use interface with clear visual outputs.
- **Versatile**: Suitable for all trading styles and instruments (stocks, forex, crypto, commodities, etc.).
---
### **How to Use:**
1. Add the indicator to your chart.
2. Configure the settings in the **Inputs** tab:
- Choose which sequences to display (Tribonacci, Tetranacci, Lucas).
- Adjust the number of levels, line styles, and label settings.
3. Use the levels to identify potential entry, exit, and stop-loss points.
---
### **Perfect For:**
- Traders looking for advanced support and resistance levels.
- Those who want to incorporate mathematical sequences into their analysis.
- Anyone seeking a customizable and versatile trading tool.
---
**🚀 Take Your Trading to the Next Level with Combined Sequences! 🚀**
---
### **Disclaimer**:
This indicator is a tool to assist in your trading decisions. It does not guarantee profits or predict market movements. Always use proper risk management and combine this tool with other analysis techniques.
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**📈 Ready to Elevate Your Trading? Add the Combined Sequences Indicator to Your Chart Today! 📉**
Dynamic Square Levels**Dynamic Square Levels with Strict Range Condition**
This script is designed to help traders visualize dynamic price levels based on the square root of the current price. It calculates key levels above and below the current price, providing a clear view of potential support and resistance zones. The script is highly customizable, allowing you to adjust the number of levels, line styles, and label settings to suit your trading strategy.
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### **Key Features**:
1. **Dynamic Square Levels**:
- Calculates price levels based on the square root of the current price.
- Plots levels above and below the current price for better market context.
2. **Range Condition**:
- Lines are only drawn when the current price is closer to the base level (`square(base_n)`) than to the next level (`square(base_n + 1)`).
- Ensures levels are only visible when they are most relevant.
3. **Customizable Levels**:
- Choose the number of levels to plot (up to 20 levels).
- Toggle additional levels (e.g., 0.25, 0.5, 0.75) for more granular analysis.
4. **Line and Label Customization**:
- Adjust line width, style (solid, dashed, dotted), and extend direction (left, right, both, or none).
- Customize label text, size, and position for better readability.
5. **Background Highlight**:
- Highlights the background when the current price is closer to the base level, providing a visual cue for key price zones.
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### **How It Works**:
- The script calculates the square root of the current price and uses it to generate dynamic levels.
- Levels are plotted above and below the current price, with customizable spacing.
- Lines and labels are only drawn when the current price is within a specific range, ensuring clean and relevant visuals.
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### **Why Use This Script?**:
- **Clear Visuals**: Easily identify key support and resistance levels.
- **Customizable**: Tailor the script to your trading style with adjustable settings.
- **Efficient**: Levels are only drawn when relevant, avoiding clutter on your chart.
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### **Settings**:
1. **Price Type**: Choose the price source (Open, High, Low, Close, HL2, HLC3, HLCC4).
2. **Number of Levels**: Set the number of levels to plot (1 to 20).
3. **Line Style**: Choose between solid, dashed, or dotted lines.
4. **Line Width**: Adjust the thickness of the lines (1 to 5).
5. **Label Settings**: Customize label text, size, and position.
---
### **Perfect For**:
- Traders who rely on dynamic support and resistance levels.
- Those who prefer clean and customizable chart visuals.
- Anyone looking to enhance their price action analysis.
---
**Get started today and take your trading to the next level with Dynamic Square Levels!** 🚀
Planetary Retrograde DashboardThe Retrograde Dashboard offers a quick overview of all planets and their historical and current retrograde statuses across various time frames.
How This Indicator Works
Custom Overlay: The indicator displays its own overlay, plotting the periods of planetary retrograde. This enables users to visually track all planetary retrogrades over time, both historically and in real-time.
When a planet is in retrograde, its symbol will show the ℞ retrograde symbol next to it.
When a planet is in direct motion, only the planetary symbol is visible.
The indicator adapts to different timeframes, allowing you to analyze whether a planet was in retrograde at any specific moment.
What is Retrograde Motion?
In astrology and astro-finance, retrograde motion occurs when a planet seems to move backward in the sky from Earth's perspective. Although this is an optical illusion due to differences in orbital speeds, many traders and analysts believe that planetary retrogrades can influence market behavior. Retrogrades are often linked with reassessment, reversals, and shifts in momentum, making them valuable for both historical and predictive market analysis.
Research & Discovery – Compare planetary retrograde cycles with historical market behavior to identify potential correlations.
Created using Astrolib by @BarefootJoey
Multi-Timeframe Trend Indicator"Introducing the Multi-Timeframe Trend Indicator: Your Key to Comprehensive Market Analysis
Are you looking for a powerful tool to enhance your trading decisions? Our Multi-Timeframe Trend Indicator offers a unique perspective on market trends across five crucial timeframes.
Key Features:
1. Comprehensive Analysis: Simultaneously view trends for H1, H4, D1, W, and M timeframes.
2. Easy-to-Read Display: Color-coded table for instant trend recognition.
3. Proven Strategy: Utilizes the reliable EMA7, SMA20, and SMA200 crossover method.
How It Works:
- Bullish Trend: When EMA7 > SMA20 > SMA200
- Bearish Trend: When EMA7 < SMA20 < SMA200
- Neutral Trend: Any other configuration
Benefits:
- Align your trades with multiple timeframe trends
- Identify potential trend reversals early
- Confirm your trading decisions with a quick glance
Whether you're a day trader or a long-term investor, this indicator provides valuable insights to support your trading strategy. By understanding trends across multiple timeframes, you can make more informed decisions and potentially improve your trading results.
Don't let conflicting timeframes confuse your strategy. Get the full picture with our Multi-Timeframe Trend Indicator today!"
EPS Line Indicator - cristianhkrOverview
The EPS Line Indicator displays the Earnings Per Share (EPS) of a publicly traded company directly on a TradingView chart. It provides a historical trend of EPS over time, allowing investors to track a company's profitability per share.
Key Features
📊 Plots actual EPS data for the selected stock.
📅 Updates quarterly as new EPS reports are released.
🔄 Smooths missing values by holding the last reported EPS.
🔍 Helps track long-term profitability trends.
How It Works
The script retrieves quarterly EPS using request.financial(syminfo.tickerid, "EARNINGS_PER_SHARE", "Q", barmerge.gaps_off).
If EPS data is missing for a given period, the last available EPS value is retained to maintain continuity.
The EPS values are plotted as a continuous green line on the chart.
A baseline at EPS = 0 is included to easily identify profitable vs. loss-making periods.
How to Use This Indicator
If the EPS line is trending upwards 📈 → The company is growing earnings per share, a strong sign of profitability.
If the EPS line is declining 📉 → The company’s EPS is shrinking, which may indicate financial weakness.
If EPS is negative (below zero) ❌ → The company is reporting losses per share, which can be a warning sign.
Limitations
Only works with stocks that report EPS data (not applicable to cryptocurrencies or commodities).
Does not adjust for stock splits or other corporate actions.
Best used on daily, weekly, or monthly charts for clear earnings trends.
Conclusion
This indicator is a powerful tool for investors who want to visualize earnings per share trends directly on a price chart. By showing how EPS evolves over time, it helps assess a company's profitability trajectory, making it useful for both fundamental analysis and long-term investing.
🚀 Use this indicator to track EPS growth and make smarter investment decisions!
ChronoSync | QuantEdgeB Introducing ChronoSync by QuantEdgeB
🛠️ Overview
ChronoSync is a multi-layered universal strategy designed for adaptability across various assets, timeframes, and market conditions. By integrating five high-quality indicators, it generates a dynamic, aggregated signal that enhances decision-making and optimizes performance in trending and mean-reverting environments.
📊 Key Strengths
✔️ Multi-indicator fusion for enhanced accuracy
✔️ Built-in adaptive filtering techniques
✔️ Works across varied market regimes
✔️ Provides quantifiable, rule-based signals
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✨ Key Features
🔹 Universal Signal Aggregation
Combines five complementary indicators to form a balanced, adaptive signal, ensuring robust performance across different market conditions.
🔹 Advanced Filtering Techniques
Utilizes Gaussian smoothing, average true range and standard deviation filtering, indicator normalization, and other non-lagging filters to refine trend detection and minimize noise.
🔹 Dynamic Market Adaptation
Employs percentile-based filtering and normalization techniques, allowing it to adjust dynamically to volatility shifts.
🔹 Modular & Customizable
Each indicator can be toggled independently, allowing traders to fine-tune the strategy based on their specific market outlook.
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📊 How It Works & Signal Generation
⚙ Multi-Layer Signal Aggregation: ChronoSync calculates individual trend signals from five indicators, combining their outputs into a Final Strategy Score to determine trade signals.
✅ Long Entry: Triggered when the aggregated final score surpasses the long threshold
❌ Short Entry (Cash Mode): Triggered when the final signal falls below the short threshold
🎨 Color Visualization: Changes dynamically to reflect market conditions
🔹 Volatility Adaptable: Traders can adjust the long and short signal thresholds to fine-tune sensitivity to volatility—wider thresholds reduce false signals in choppy markets, while narrower thresholds increase responsiveness in high-momentum trends.
🖥️ Dashboard & Signal Display:
• Displays individual indicator values and final aggregation score
• Signals (Long / Cash) appear directly on the chart when the label display is turned on
• Customizable visual settings to match user preferences
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👥 Who is this for?
✔ Swing & Medium-Term Traders → Ideal for multi-day to multi-week trades.
✔Long-Term Investors & Trend Followers – Designed for traders and investors with a months-to-years horizon who seek to capture market trends on a cycle basis.
✔ Quantitative Traders → Structured, rules-based approach for systematic execution
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📊 Expanded Explanation : How the Five Indicators Work Together in ChronoSync
The ChronoSync strategy is built upon five carefully selected indicators, each fulfilling a crucial role in trend detection, volatility adaptation, and signal refinement. The synergy between these components ensures that signals are both robust and adaptable to different market conditions.
🔗 The Five-Indicator Synergy
Each indicator plays a specific role in the trend-following system, working together to enhance the strength, reliability, and adaptability of trade signals:
1️⃣ VIDYA ATR Gaussian Filter → Noise-Reduced Trend Detection
✔ What it Does:
The VIDYA ATR Gaussian Filter combines a volatility-adjusted moving average (VIDYA) with Gaussian smoothing to enhance trend clarity while minimizing market noise.
✔ Why It's Important:
• VIDYA dynamically adjusts to price fluctuations, ensuring smoother trend signals.
• Gaussian filtering eliminates erratic price movements that could otherwise trigger false entries/exits.
• By applying ATR filtering, the indicator remains adaptive to different volatility environments.
✔ How It Works With Others:
• Works in tandem with Kijun ATR & Dual SD Kijun to confirm long-term price trends while filtering out market noise.
• Enhances signal stability by reducing whipsaws in choppy conditions.
2️⃣ Kijun ATR & Dual SD Kijun → Trend Confirmation & Volatility Filtering
✔ What it Does:
The Kijun ATR and Dual SD Kijun components combine trend structure with volatility adjustments to capture sustained price moves.
✔ Why It's Important:
• The Kijun ATR dynamically adjusts to price swings, allowing the system to filter out market noise and identify valid breakout conditions.
• The Dual SD Kijun introduces an extra layer of confirmation by incorporating a standard deviation-based volatility filter to assess trend strength.
✔ How It Works With Others:
• Confirms trends initiated by VIDYA ATR Gaussian Filter, ensuring signals are based on structural price movements rather than short-term fluctuations.
• Complements PRC-ALMA Adaptive Bands in detecting price deviations and trend shifts.
3️⃣ VIDYA Loop Function → Iterative Trend Reinforcement
✔ What it Does:
The VIDYA Loop Function applies a recursive method to track sustained trends, using a loop-based iterative calculation.
✔ Why It's Important:
• Identifies persistent trends by aggregating historical VIDYA changes over a defined loop window.
• Helps eliminate short-lived price movements by smoothing trend signals over time.
✔ How It Works With Others:
• Enhances Bollinger Bands % SD by providing an additional trend strength confirmation.
• Strengthens Kijun ATR signals by filtering out weak or temporary price movements.
4️⃣ PRC-ALMA Adaptive Bands → Mean Reversion & Trend Filtering
✔ What it Does:
The PRC-ALMA Adaptive Bands combine a percentile-based ranking system with an adaptive smoothing function (ALMA) to define overbought/oversold zones within trend movements.
✔ Why It's Important:
• Adaptive percentile-based ranking ensures the indicator adjusts to market shifts dynamically.
• ALMA filtering ensures non-lagging trend detection, reducing delays in trade signals.
• Acts as a contrarian filter for trend exhaustion signals.
✔ How It Works With Others:
• Complements VIDYA ATR & Kijun ATR by refining trend-following entries.
• Provides mean-reverting insights to balance aggressive trend-following signals.
5️⃣ Bollinger Bands % SD → Volatility Expansion & Trend Strength Evaluation
✔ What it Does:
The Bollinger Bands % SD indicator measures price positioning relative to standard deviation bounds, helping assess volatility-driven trend strength.
✔ Why It's Important:
• Measures price movements relative to historical volatility thresholds.
• Helps determine when price action is statistically stretched (i.e., strong trend moves vs. mean-reverting pullbacks).
• Allows dynamic market adaptation, ensuring that signals remain relevant across different volatility phases.
✔ How It Works With Others:
• Enhances PRC-ALMA by confirming whether a price move is an actual breakout or a short-term deviation.
• Validates VIDYA ATR & Kijun ATR signals by ensuring the trend has sufficient strength to continue.
The ChronoSync strategy ensures a balanced fusion of trend-following and volatility adaptation. Each component adds a distinct layer of analysis, reducing false signals and improving robustness:
✅ Trend Identification → VIDYA ATR, Kijun ATR, & Dual SD Kijun
✅ Noise Reduction & Trend Confirmation → VIDYA Loop Function & Gaussian Smoothing
✅ Volatility Adaptation & Overbought/Oversold Conditions → PRC-ALMA Adaptive Bands & Bollinger Bands % SD
This multi-layered approach ensures that no single indicator dominates the strategy, allowing it to adapt dynamically to various market conditions.
📌 Conclusion
ChronoSync is a universal trend aggregation strategy, built on adaptive multi-indicator filtering and robust risk management. Designed for dynamic market conditions, it offers a rule-based, quantifiable approach to trend identification. Whether used as a standalone trading system or an auxiliary confirmation tool, it provides a scientific, data-driven edge for traders navigating volatile markets.
🔹 Disclaimer: Past performance is not indicative of future results. No trading strategy can guarantee success in financial markets.
🔹 Strategic Advice: Always backtest, optimize, and align parameters with your trading objectives and risk tolerance before live trading.
ICT SB Time (Lee B)A minimal and clean indicator that simply plots the ICT Silver Bullet time windows for you on the chart with vertical lines.
It also has the option to show other important times, like 00:00, 8:30, and 9:30. Toggles in settings let you change line color, turn any of them off temporarily, and can limit their visibility to only the lower timeframes for less clutter.
I hope you find this indicator useful... and happy trading!
Lee B
Oracle Ema : sma simple Indicator: Gradient Moving Average with Table
Overview
The Gradient Moving Average with Table is a visual-enhanced moving average indicator that dynamically changes its color based on price movements. It provides a smooth gradient effect on the moving average line and includes a table that indicates whether the price is above or below the MA, using turquoise and pink colors for clear visibility.
🔹 Key Features
✅ Dynamic Gradient Effect on EMA/SMA
The moving average line gradually changes color based on price movement.
Fuchsia (pink) when the MA is decreasing.
Blue when the MA is increasing.
✅ Price Position Table (Top-Right Corner)
Displays whether the price is above (turquoise) or below (pink/fuchsia) the moving average.
Adapts automatically based on EMA or SMA selection.
✅ Customizable Inputs
Choose EMA or SMA as the base moving average.
Adjust gradient intensity to control color transparency.
Toggle the table display ON/OFF.
📊 How It Works
1️⃣ The script calculates a moving average (SMA or EMA).
2️⃣ It determines price movement (uptrend or downtrend) based on price difference.
3️⃣ A gradient color effect is applied dynamically:
The more volatile the movement, the stronger the gradient effect.
Less transparency for strong trends, more transparency for stable zones.
4️⃣ A real-time table shows whether the price is above or below the MA, with colors:
Turquoise (Above)
Pink/Fuchsia (Below)
🛠 Customization Options
Moving Average Type: Select EMA or SMA.
Gradient Intensity: Adjust the transparency and color effect strength.
Table Display: Toggle the table ON or OFF.
🎯 Ideal For
Traders who want a clear visual representation of market trends.
Scalpers and swing traders needing quick trend recognition.
Users who prefer color-coded visual aids over complex charts.
This indicator enhances traditional moving averages with a modern gradient effect and real-time status updates for quick decision-making. 🚀
Multi-Timeframe ATR Levels by Hitesh2603Description:
"Multi-Timeframe ATR Levels by Hitesh2603" is a versatile and adaptive indicator designed to help traders identify key price levels based on the Average True Range (ATR) from a higher timeframe. The script automatically adapts to the current chart’s timeframe and allows you to customize the higher timeframe for ATR calculations, making it ideal for intraday and swing trading strategies.
The indicator plots upper and lower price levels based on the ATR multiplier, providing clear visual cues for potential profit-taking or exit points. It also includes features like editable timeframe presets , historical level plotting , labels , and alerts , making it a powerful tool for traders of all experience levels.
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Key Features:
1. Automatic Timeframe Adaptation : - The script automatically detects the current chart’s timeframe and selects the appropriate higher timeframe for ATR calculations.
2. Editable Preset Timeframe Pairs : - Customize the higher timeframe for each chart timeframe directly in the indicator settings.
3. Dynamic ATR-Based Levels :- Plots upper and lower price levels using the formula:
- Upper Level = Current Candle Open + (Previous Candle ATR * Multiplier)
- Lower Level = Current Candle Open - (Previous Candle ATR * Multiplier)
4. Customizable Inputs :
- Adjust ATR length, multiplier, line length, colors, and more.
5. Labels :
- Displays the exact values of the upper and lower levels for easy reference.
6. Historical Levels :
- Optionally plots historical levels for all candles.
7. Alerts :
- Get notified when the price crosses the upper or lower levels.
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Use Cases:
1. Intraday Trading :
- Use the script on a 5-minute or 15-minute chart with a 1-hour higher timeframe to identify intraday profit-taking or exit points.
2. Swing Trading :
- Use the script on a 1-hour or 4-hour chart with a daily higher timeframe to identify swing trading opportunities.
3. Position Trading :
- Use the script on a daily chart with a weekly higher timeframe to identify key levels for position trading.
4. Breakout Confirmation :
- Use the upper and lower levels as confirmation points for breakouts or reversals.
5. Risk Management :
- Use the levels to set stop-loss or take-profit targets based on market volatility.
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How to Use:
1. Add the Script to Your Chart :
- Search for "Multi-Timeframe ATR Levels by Hitesh2603" in the TradingView indicator library and add it to your chart.
2. Customize the Settings :
- Adjust the inputs (e.g., ATR length, multiplier, line length, colors, etc.) to suit your trading strategy.
3. Set the Higher Timeframe :
- The script will automatically display an input for the higher timeframe based on the current chart’s timeframe. Customize it as needed.
4. Interpret the Levels :
- The script will plot two horizontal lines (upper and lower levels) on the chart. Use these levels for profit-taking, exits, or breakout confirmation.
5. Enable Alerts :
- Set up alerts to get notified when the price crosses the upper or lower levels.
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Input Parameters:
1. ATR Length :
- The period used to calculate the ATR (default: 14).
2. ATR Multiplier :
- The multiplier applied to the ATR to calculate the levels (default: 0.65).
3. Line Length :
- The number of candles to extend the lines (default: 10).
4. Show Labels :
- Toggle to display the exact values of the levels (default: true).
5. Show Historical Levels :
- Toggle to plot historical levels for all candles (default: false).
6. Line Colors :
- Customize the colors of the upper and lower levels.
7. Line Width :
- Adjust the thickness of the lines (default: 2).
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Example:
- Current Chart : 5-minute
- Higher Timeframe : 1-hour
- Previous Hour’s ATR : 4.6
- Current Hour’s Open : 102
- Multiplier : 0.65
Levels :
- Upper Level = 102 + (4.6 * 0.65) = 105.0
- Lower Level = 102 - (4.6 * 0.65) = 99.0
The script will plot horizontal lines at 105.0 and 99.0 on the 5-minute chart.
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Alerts:
- Price Crosses Upper Level :
- Triggered when the price crosses above the upper level.
- Price Crosses Lower Level :
- Triggered when the price crosses below the lower level.
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Notes:
- The script is designed to be flexible and adaptable to various trading styles and timeframes.
- Always backtest and validate the indicator with your trading strategy before using it in live trading.
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Credits:
- Developed by Hitesh2603 .
- Special thanks to the TradingView community for inspiration and support.
VWAP [cryptalent]VWAP Indicator with Adjustable Source
Overview
This TradingView indicator calculates Daily, Weekly, and Monthly VWAP (Volume Weighted Average Price) with the flexibility to select different price sources (Open, High, Low, Close, HLC3, etc.). It also displays previous period VWAP levels, helping traders analyze past liquidity zones.
Key Features:
✅ Adjustable Source – Users can choose the price used for VWAP calculations (e.g., Close, High, Low, Open).
✅ Multi-Timeframe VWAP – Tracks Daily, Weekly, and Monthly VWAP to provide a broader market view.
✅ Historical VWAP Levels – Displays previous VWAP values for comparison and reference.
✅ Step Line Style – Ensures clear distinction between different periods and prevents overlapping.
✅ Visible in the Price Scale – The latest and historical VWAP values are displayed in the right-hand price scale for easy reference.
Customization:
You can easily modify the input settings to match your trading style.
Adjust the VWAP source price to test different perspectives (e.g., Open vs. High vs. Close).
Long-Only For SPXThe "GOATED Long-Only" TradingView strategy, written in Pine Script v5, is designed for long-term momentum trading with a $50 initial capital. It identifies high-momentum stocks by calculating a composite momentum score across 3-month (63 days), 6-month (126 days), 9-month (189 days), and 12-month (252 days) periods, using the formula (current_price / past_price) - 1. The strategy filters stocks with annualized volatility below 0.5 (calculated as the standard deviation of daily returns, annualized by multiplying by the square root of 252 trading days) and requires momentum to exceed a customizable threshold (default 0.0). It enters long positions when momentum becomes positive and exits when it turns negative, using stop-loss (1%) and take-profit (50%) levels to manage risk. The strategy visualizes momentum and volatility on the chart, plotting entry/exit signals as green triangles (long entry) and red triangles (long exit) for backtesting and analysis.
Monthly Buy IndicatorIt shows us the the total balance when buying monthly, ploting the total invested amount and total current balance along the time.
Opening the Data Window, it displays the profit (%) and the number of trades.
The "Allow Fractional Purchase" flag can be used to check the the performance of the ticker, disregarding how much the monthly amount is set vs the price of the ticker.
The trades are considering buying the available amount on the 1st candle of each month, at the Open price. The "Total Balance" considers the close price of each candle.
EMA Scoring Strategy## **📊 EMA Scoring Strategy for Trend Analysis**
This strategy is designed to **identify bullish trends** based on multiple **Exponential Moving Averages (EMAs)**. It assigns a **score** based on how the price and EMAs interact, and highlights strong bullish conditions when the score reaches **4 or above**.
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## **🔹 Strategy Logic**
### 1️⃣ **Calculating EMAs**
- **EMA 21** → Short-term trend
- **EMA 50** → Mid-term trend
- **EMA 100** → Long-term trend
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### 2️⃣ **Scoring System**
For each trading day, the strategy assigns **+1 or -1 points** based on the following conditions:
| Condition | Score |
|-----------|-------|
| If **Price > EMA 21** | +1 |
| If **Price > EMA 50** | +1 |
| If **Price > EMA 100** | +1 |
| If **EMA 21 > EMA 50** | +1 |
| If **EMA 50 > EMA 100** | +1 |
| If **EMA 21 > EMA 100** | +1 |
| If **Price < EMA 21** | -1 |
| If **Price < EMA 50** | -1 |
| If **Price < EMA 100** | -1 |
| If **EMA 21 < EMA 50** | -1 |
| If **EMA 50 < EMA 100** | -1 |
| If **EMA 21 < EMA 100** | -1 |
---
### 3️⃣ **Bullish Confirmation** (Score ≥ 4)
- The **score is calculated every day**.
- When the **score reaches 4 or above**, it confirms a strong **bullish trend**.
- A **green background** is applied to highlight such days.
- A **histogram** is plotted **only when the score is 4 or higher** to keep the chart clean.
- A **buy signal** is generated when the score **crosses above 4**.
---
## **🔹 Visualization & Alerts**
### ✅ **What You See on the Chart**
1. **EMA Lines (21, 50, 100)** 📈
2. **Green Background for Strong Bullish Days (Score ≥ 4)** ✅
3. **Histogram Showing Score (Only for 4 and above)** 📊
4. **Buy Signal When Score Crosses Above 4** 💰
### 🔔 **Alerts**
- **An alert is triggered** when the score crosses **above 4**, notifying the user about a bullish trend.
---
## **📌 How to Use This Strategy**
1. **Identify Strong Bullish Trends:** When the score is **4 or above**, it suggests that price momentum is strong.
2. **Enter Trades on Buy Signals:** When the score **crosses above 4**, it could be a good time to buy.
3. **Stay in the Trade While Score is 4+:** The green background confirms a **strong uptrend**.
4. **Exit When Score Drops Below 4:** This suggests weakening momentum.
---
## **🔹 Advantages of This Strategy**
✅ **Simple & Objective** - Uses clear rules for trend confirmation
✅ **Filters Out Noise** - Only highlights strong bullish conditions
✅ **Works on Any Market** - Can be applied to stocks, indices, crypto, etc.
✅ **Customizable** - You can tweak EMAs or score conditions as needed
---
## **🚀 Next Steps**
Would you like me to add **stop-loss conditions**, **sell signals**, or any **extra confirmations like RSI or volume**? 😃
Wick Size in USD with 10-Bar AverageWick Size in USD with 10-Bar Average
Version: 1.0
Author: QCodeTrader
🔍 Overview
This indicator converts the price wicks of your candlestick chart into USD values based on ticks, providing both raw and smoothed data via a 10-bar simple moving average. It helps traders visualize the monetary impact of price extremes, making it easier to assess volatility, potential risk, and plan appropriate stop loss levels.
⚙️ Key Features
Tick-Based Calculation:
Converts wick sizes into ticks (using a fixed tick size of 0.01, typical for stocks) and then into USD using a customizable tick value.
10-Bar Moving Average:
Smooths out the wick values over the last 10 bars, giving you a clearer view of average wick behavior.
Bullish/Bearish Visual Cues:
The chart background automatically highlights bullish candles in green and bearish candles in red for quick visual assessment.
Stop Loss Optimization:
The indicator highlights long wick sizes, which can help you set more accurate stop loss levels. Even when the price moves in your favor, long wicks may indicate potential reversals—allowing you to account for this risk when planning your stop losses.
User-Friendly Customization:
Easily adjust the USD value per tick through the settings to tailor the indicator to your specific instrument.
📊 How It Works
Wick Calculation:
The indicator calculates the upper and lower wicks by measuring the distance between the candle’s high/low and its body (open/close).
Conversion to Ticks & USD:
These wick sizes are first converted from price points to ticks (dividing by a fixed tick size of 0.01) and then multiplied by the user-defined tick value to convert the measurement into USD.
Smoothing Data:
A 10-bar simple moving average is computed for both the upper and lower wick values, providing smoothed data that helps identify trends and deviations.
Visual Representation:
Columns display the raw wick sizes in USD.
Lines indicate the 10-bar moving averages.
Background Color shifts between green (bullish) and red (bearish) based on candle type.
⚡ How to Use
Add the Indicator:
Apply it to your chart to begin visualizing wick sizes in monetary terms.
Customize Settings:
Adjust the Tick Value in USD in the settings to match your instrument’s tick value.
(Note: The tick size is fixed at 0.01, which is standard for many stocks.)
Optimize Your Stop Loss:
Analyze the raw and averaged wick values to understand volatility. Long wicks—even when the price moves in your favor—may indicate potential reversals. This insight can help you set more accurate stop loss levels to protect your gains.
Analyze:
Use the indicator’s data to gauge market volatility and assess the significance of price movements, aiding in more informed trading decisions.
This indicator is perfect for traders looking to understand the impact of extreme price movements in monetary terms, optimize stop loss levels, and effectively manage risk across stocks and other instruments with similar tick structures.
