SMA Trend Spectrum [InvestorUnknown]The SMA Trend Spectrum indicator is designed to visually represent market trends and momentum by using a series of Simple Moving Averages (SMAs) to create a color-coded spectrum or heatmap. This tool helps traders identify the strength and direction of market trends across various time frames within one chart.
Functionality:
SMA Calculation: The indicator calculates multiple SMAs starting from a user-defined base period (Starting Period) and increasing by a specified increment (Period Increment). This creates a sequence of moving averages that span from short-term to long-term perspectives.
Trend Analysis: Each segment of the spectrum compares three SMAs to determine the market's trend strength: Bullish (color-coded green) when the current price is above all three SMAs. Neutral (color-coded purple) when the price is above some but not all SMAs. Bearish (color-coded red) when the price is below all three SMAs.
f_col(x1, x2, x3) =>
min = ta.sma(src, x1)
mid = ta.sma(src, x2)
max = ta.sma(src, x3)
c = src > min and src > mid and src > max ? bull : src > min or src > mid or src > max ? ncol : bear
Heatmap Visualization: The indicator plots these trends as a vertical spectrum where each row represents a different set of SMAs, forming a heatmap-like display. The color of each segment in the heatmap directly correlates with market conditions, providing an intuitive view of market sentiment.
Signal Smoothing: Users can choose to smooth the trend signal using either a Simple Moving Average (SMA), Exponential Moving Average (EMA), or leave it as raw data (Signal Smoothing). The length of smoothing can be adjusted (Smoothing Length). The signal is displayed in a scaled way to automatically adjust for the best visual experience, ensuring that the trend is clear and easily interpretable across different chart scales and time frames
Additional Features:
Plot Signal: Optionally plots a line representing the average trend across all calculated SMAs. This line helps in identifying the overall market direction based on the spectrum data.
Bar Coloring: Bars on the chart can be colored according to the average trend strength, providing a quick visual cue of market conditions.
Usage:
Trend Identification: Use the heatmap to quickly assess if the market is trending strongly in one direction or if it's in a consolidation phase.
Entry/Exit Points: Look for shifts in color patterns to anticipate potential trend changes or confirmations for entry or exit points.
Momentum Analysis: The gradient from bearish to bullish across the spectrum can be used to gauge momentum and potentially forecast future price movements.
Notes:
The effectiveness of this indicator can vary based on market conditions, asset volatility, and the chosen SMA periods and increments.
It's advisable to combine this tool with other technical indicators or fundamental analysis for more robust trading decisions.
Disclaimer: Past performance does not guarantee future results. Always use this indicator as part of a broader trading strategy.
Educational
Breaks and Retests [HG]Breaks and Retests with MAs Crossover.
This Indicator provides support and resistance levels with breaks and Retests with probable Retests. Along with this I have combines multiple simple moving averages which provides the proper clarification of the price movement.
Trading Strategy:
Price shows long when all the moving averages are upside with break of the level. Short when all the moving averages are downside with break alert.
Disclaimer:
This Indicator I have made for my personal use and for educational purpose only.
Custom Volume Profile rk 31.12.24How to Use and Setup the Strategy
Overview
The 'Custom Volume Profile rk final' strategy combines RSI (Relative Strength Index) and Volume analysis to help identify potential trading opportunities based on market momentum and volume behavior. It provides visual cues for both RSI and Volume, with customized thresholds and conditions for easy interpretation.
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Setup Instructions
Add the Script to Your Chart:
Copy the provided Pine Script code.
Open TradingView and go to the "Pine Editor" tab.
Paste the script and click "Add to Chart."
Configure Inputs:
RSI Settings:
RSI Length: Default is 14. Adjust as needed to change sensitivity.
RSI Source: Default is the closing price (close), but you can switch to other sources (e.g., open, high, low).
Volume Settings:
Multiplier for High Volume: Default is 2. Increase to focus on higher volume spikes.
Lookback Period for Low Volume: Default is 20. Adjust to define the average volume calculation period.
Understand the Indicators:
RSI:
Plotted as a percentage (0 to 100).
Key Levels:
Upper Band (60): Indicates potential overbought conditions.
Middle Band (50): Neutral zone.
Lower Band (40): Indicates potential oversold conditions.
Background Fill: Highlights the RSI range for better visibility.
Volume:
Columns are color-coded based on specific conditions:
Blue: High-volume bullish candles.
Orange: High-volume bearish candles.
Green: Regular bullish candles.
Red: Regular bearish candles.
Gray: Low-volume candles.
Yellow: Higher volume than the previous candle, and the previous candle was orange.
Cyan (#42fce3): Higher volume than the previous candle, and the previous candle was blue.
Average Volume Line: Black line to indicate the average volume for the lookback period.
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How to Interpret the Strategy
RSI:
Use RSI to gauge momentum:
If RSI crosses above 60, consider bullish opportunities.
If RSI drops below 40, consider bearish opportunities.
Stay cautious around the 50-neutral level.
Volume:
Look for volume spikes or drops as cues for potential trend strength or reversals.
Pay attention to color-coded bars:
Blue or Orange indicates high-volume candles—potential strong moves.
Yellow or Cyan indicates volume increasing compared to the previous candle, signaling growing momentum.
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Customization Tips
Adjust the RSI length and volume settings to align with your trading style or timeframe.
Modify the colors for better visibility according to your chart theme.
This strategy is designed for educational purposes and should be combined with other tools and analysis for effective trading decisions.
Note – only current value of RSI is shown, to use full RSI, turn off volume from style menu of indicator.
Weekly EMA AlertThis is my indicator. There are many like it, but this one is mine. My indicator is my best friend. It is my life. I must master it as I must master my life.
Breaks and Retests with Simple Moving Averages Crossover Alerts Combination of Support and Resistance with Breaks by HOANGHETTI, and Simple Moving Averages Crossvers.
ERA 0.2 Advanced Liquidity Grab Detection with TSIThis is only for Educational purpose.
Find liquidity Grab candle both side for short or long
use high liquidity Coins for better Accuracy
Mostly work when price top OR Bottom
Up Gap Strategy with DelayThis strategy, titled “Up Gap Strategy with Delay,” is based on identifying up gaps in the price action of an asset. A gap is defined as the percentage difference between the current bar’s open price and the previous bar’s close price. The strategy triggers a long position if the gap exceeds a user-defined threshold and includes a delay period before entering the position. After entering, the position is held for a set number of periods before being closed.
Key Features:
1. Gap Threshold: The strategy defines an up gap when the gap size exceeds a specified threshold (in percentage terms). The gap threshold is an input parameter that allows customization based on the user’s preference.
2. Delay Period: After the gap occurs, the strategy waits for a delay period before initiating a long position. This delay can help mitigate any short-term volatility that might occur immediately after the gap.
3. Holding Period: Once the position is entered, it is held for a user-defined number of periods (holdingPeriods). This is to capture the potential post-gap trend continuation, as gaps often indicate strong directional momentum.
4. Gap Plotting: The strategy visually plots up gaps on the chart by placing a green label beneath the bar where the gap condition is met. Additionally, the background color turns green to highlight up-gap occurrences.
5. Exit Condition: The position is exited after the defined holding period. The strategy ensures that the position is closed after this time, regardless of whether the price is in profit or loss.
Scientific Background:
The gap theory has been widely studied in financial literature and is based on the premise that gaps in price often represent areas of significant support or resistance. According to research by Kaufman (2002), gaps in price action can be indicators of future price direction, particularly when they occur after a period of consolidation or a trend reversal. Moreover, Gaps and their Implications in Technical Analysis (Murphy, 1999) highlights that gaps can reflect imbalances between supply and demand, leading to high momentum and potential price continuation or reversal.
In trading strategies, utilizing gaps with specific conditions, such as delay and holding periods, can enhance the ability to capture significant price moves. The strategy’s delay period helps avoid potential market noise immediately after the gap, while the holding period seeks to capitalize on the price continuation that often follows gap formation.
This methodology aligns with momentum-based strategies, which rely on the persistence of trends in financial markets. Several studies, including Jegadeesh & Titman (1993), have documented the existence of momentum effects in stock prices, where past price movements can be predictive of future returns.
Conclusion:
This strategy incorporates gap detection and momentum principles, supported by empirical research in technical analysis, to attempt to capitalize on price movements following significant gaps. By waiting for a delay period and holding the position for a specified time, it aims to mitigate the risk associated with early volatility while maximizing the potential for sustained price moves.
CheckList LIT AwakeningCheckList LIT Awakening en Español
Contiene la lista de confirmaciones necesarias para una entrada con la estrategia LIT.
Traducción del Check list original
Camarilla Pivot Points by rkConditional Visibility:
Instead of using if blocks, the visibility of each plot is controlled by passing na (not available) when the corresponding toggle is turned off.
Usage of plot:
Each plot call is outside of any conditional block, ensuring it meets Pine Script's requirements.
Inputs for User Control:
The show_pivots, show_supports, and show_resistances inputs control whether each level is plotted.
How to Use:
Copy and paste this script into the Pine Editor in TradingView.
Click Add to Chart.
Use the input options to toggle visibility for pivot, resistance, and support levels.
Estratégia EMA20 e RSI//@version=5
indicator(title="Estratégia EMA20 e RSI", shorttitle="EMA20+RSI", overlay=true)
// Configurações da EMA
emaLength = input.int(20, title="Comprimento da EMA")
emaSource = input.source(close, title="Fonte da EMA")
emaValue = ta.ema(emaSource, emaLength)
// Configurações do RSI
rsiLength = input.int(14, title="Comprimento do RSI")
rsiOverbought = input.int(70, title="Nível de Sobrecompra do RSI", minval=50, maxval=100)
rsiOversold = input.int(30, title="Nível de Sobrevenda do RSI", minval=0, maxval=50)
rsiValue = ta.rsi(close, rsiLength)
// Plotagem da EMA
plot(emaValue, color=color.blue, title="EMA20", linewidth=2)
// Condições de entrada
longCondition = ta.crossover(close, emaValue) and rsiValue < rsiOversold
shortCondition = ta.crossunder(close, emaValue) and rsiValue > rsiOverbought
// Plotagem das setas de entrada
plotshape(series=longCondition, title="Sinal de Compra", location=location.belowbar, color=color.green, style=shape.triangleup, size=size.small)
plotshape(series=shortCondition, title="Sinal de Venda", location=location.abovebar, color=color.red, style=shape.triangledown, size=size.small)
// Alertas
if longCondition
alert("Sinal de compra detectado! Fechamento acima da EMA20 e RSI em sobrevenda.", alert.freq_once_per_bar_close)
if shortCondition
alert("Sinal de venda detectado! Fechamento abaixo da EMA20 e RSI em sobrecompra.", alert.freq_once_per_bar_close)
Comprehensive Candlestick Patterns with Chart PatternsThis Pinescript plots 50+ candlestick patterns as per Steve Nison's original candlestick patterns
EMA and VWAP Strategy with Heiken AshiEMA and VWAP Strategy with Heiken Ashi
This is a test only
EMA and VWAP Strategy with Heiken Ashi
EMA and VWAP Strategy with Heiken Ashi
EMA and VWAP Strategy with Heiken Ashi
Draw Ticker LevelsThis indicator is intended to be used in conjunction with Adam Mancini's SPX/ES Futures newsletter. Just copy past the levels in the newsletter into the indicator. You have the choice to hide the minor levels. This indicator just helps me reduce manual level update work.
RSI StrategyCondições de entrada e saída da estratégia:
Entrada em posição longa: A estratégia entra em uma posição comprada (longa) quando o RSI cai abaixo do nível de sobrevenda (20), indicando um possível momento de compra.
Saída de posição longa: A estratégia sai da posição longa em três cenários:
Realização de lucro: Quando o RSI atinge o nível de sobrecompra (70), indicando uma possível reversão de alta para baixa e uma oportunidade de obter lucro.
Stop-loss: Quando o RSI cai abaixo do nível de stop-loss (-15), limitando as perdas em caso de movimento adverso do preço.
Sinal de venda: Quando o RSI atinge novamente o nível de sobrecompra (70), indicando um sinal de venda.
3. Parâmetros da estratégia:
Período do RSI: O período de 14 dias é comumente utilizado para o cálculo do RSI, mas pode ser ajustado de acordo com a preferência do trader e as características do ativo.
Níveis de sobrecompra e sobrevenda: Os níveis de 70 e 20 são valores padrão, mas podem ser ajustados para aumentar ou diminuir a sensibilidade da estratégia.
Nível de stop-loss: O nível de stop-loss de -15 determina o ponto em que a posição é encerrada para limitar as perdas.
[ADB] Patternsshow Most profitable pattern on chart. it is very useful for xauusd and session analysis
MW:TA DaysDays of the week, simple and effective - checks the day, draws the line. You can adjust color, opacity and width of the vertical line. Have a great day and grater profit!
Bitcoin Halving Cycle Profit with Background ColourThis indicator is a Minor Modification from @KevinSvenson_ indicator, i am just add some background colour
RSI SMA Cross Strategy MKSBuys when the RSI crosses above its 14-day SMA.
Sells when the RSI crosses below its 14-day SMA.
Uses ₹100,000 as the starting capital, with remaining capital used for new trades.
Bitcoin Halving Cycle Profit with Background ColourThis indicator is a Minor Modification from @KevinSvenson_ indicator, i am just add some background colour
EMA 20/8 with RSI 14 StrategyThe **EMA 20/8 with RSI 14 Strategy** is a trading strategy designed to identify entry and exit points in the market using two Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI). It employs a short EMA (8 periods) and a long EMA (20 periods), capitalizing on crossover signals to indicate potential buying or selling opportunities.
The strategy generates a **long entry** when the short EMA crosses above the long EMA while the RSI is below the oversold threshold (30), suggesting a bullish trend reversal. Conversely, a **short entry** is triggered when the short EMA crosses below the long EMA and the RSI exceeds the overbought level (70), indicating a possible bearish trend reversal.
To manage risk, the strategy incorporates stop-loss and take-profit levels set as percentages of the entry price, ensuring structured exit points for both long and short trades. The script visualizes trade conditions using background colors for easy identification of entry signals directly on the chart. Additionally, it operates with a dynamic position sizing method, allowing the strategy to adjust order sizes based on a percentage of available equity, promoting better capital management during backtesting or live trading scenarios.
[c3s] Sk System CalculatorThe Sk System Calculator is a powerful trading tool designed to help you efficiently manage your trades by calculating the Stop Loss (SL) levels to break even and the first Take Profit (TP) targets. This indicator is ideal for traders looking to implement the SK System rules with ease and precision.
Key Features:
Amount in USD: Allows you to input the amount you wish to trade in USD.
Leverage: Adjust the leverage used in your trading strategy.
Percentage Calculation: Set the percentage for the next level calculation.
Dynamic Calculations: Automatically calculates the number of units based on the current price and leverage.
Break Even & TP1 Calculation: Provides the percentage values for when to move your SL to break even and the first TP level.
Clear Visual Display: Displays the calculated values in a user-friendly table on your chart.
This indicator simplifies your trading process by providing all the necessary calculations in one place, helping you to make more informed decisions and optimize your trading strategy.
EMA Smoothed RSI 30 and RSI 14This Indicator plots EMA Smoothed RSI 14 and RSI 30 and the angular elevation / declination over a user inputted lookback period. 14 crossing 30 creates opportunities to be looked in conjunction with other confluences (Price Action, Volume, etc.)
My second attempt to give back to my TV community. As always, be critical of my work. And I will try my best to incorporate all suggestions!
