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Adaptive Correlation Engine (ACE)🧠 Adaptive Correlation Engine (ACE) Quantify inter-asset relationships with adaptive lag detection and actionable insights. 📌 What is ACE? The Adaptive Correlation Engine (ACE) is a precision tool for seeking to uncover meaningful relationships between two assets — not just raw correlation, but also lag dynamics, leader detection, and alignment vs. divergence classification. Unlike static correlation tools, ACE intelligently scans multiple lag windows to find: ✅ The maximum correlation between the base asset and a comparison symbol ⏱️ The optimal lag (if any) at which the correlation is strongest 🧭 Whether the assets are Aligned (positive correlation) or Divergent (inverse) 🔁 Which symbol is leading, and by how many bars 📈 Actionable signal strength based on a user-defined correlation threshold ⚙️ How It Works Correlation Scan: For each bar, ACE checks the correlation between the charted asset (close) and a lagged version of the comparison asset across a sliding window of lookback periods. Lag Optimization: The engine searches from lag 0 up to your specified Max Lag to find where the correlation (positive or negative) is most significant. Relationship Classification: The indicator classifies the relationship as: Aligned: Positive correlation above the threshold Divergent: Negative correlation above the threshold Synchronous: No lag detected Low Signal: Correlation is weak or noisy Visual & Tabular Insights: ACE plots the highest detected correlation on the chart and shows an insight table displaying: - Correlation value - Detected lag - Direction type (aligned/divergent) - Leading asset - Suggested action (e.g., “Likely continuation” or “Possible mean reversion”) 💡 How to Use It Use ACE to identify leadership patterns between assets (e.g., ETH leads altcoins, SPX leads crypto, etc.) Spot potential lagging trade setups where one asset’s move may soon echo in another Confirm or challenge correlation-based trading assumptions with data Combine with technical indicators or price action to time entries and exits more confidently 🔔 Alerts Built-in alerts notify you when correlation strength crosses your actionable threshold, classified by alignment or divergence. 🛠️ Inputs Compare Symbol: The asset to compare against (e.g., INDEX:ETHUSD) Correlation Lookback: Rolling window for calculating correlation Max Lag Bars: Maximum lag shift to test Minimum Actionable Correlation: Signal threshold for trade-worthy insights ⚠️ Disclaimer This tool is for research and informational purposes only. It does not constitute financial advice or a trading signal. Always perform your own due diligence and consult a financial advisor before making investment decisions.
Penunjuk Pine Script®
oleh RWCS_LTD
Mutanabby_AI | Algo Pro Strategy# Mutanabby_AI | Algo Pro Strategy: Advanced Candlestick Pattern Trading System ## Strategy Overview The Mutanabby_AI Algo Pro Strategy represents a systematic approach to automated trading based on advanced candlestick pattern recognition and multi-layered technical filtering. This strategy transforms traditional engulfing pattern analysis into a comprehensive trading system with sophisticated risk management and flexible position sizing capabilities. The strategy operates on a long-only basis, entering positions when bullish engulfing patterns meet specific technical criteria and exiting when bearish engulfing patterns indicate potential trend reversals. The system incorporates multiple confirmation layers to enhance signal reliability while providing comprehensive customization options for different trading approaches and risk management preferences. ## Core Algorithm Architecture The strategy foundation relies on bullish and bearish engulfing candlestick pattern recognition enhanced through technical analysis filtering mechanisms. Entry signals require simultaneous satisfaction of four distinct criteria: confirmed bullish engulfing pattern formation, candle stability analysis indicating decisive price action, RSI momentum confirmation below specified thresholds, and price decline verification over adjustable lookback periods. The candle stability index measures the ratio between candlestick body size and total range including wicks, ensuring only well-formed patterns with clear directional conviction generate trading signals. This filtering mechanism eliminates indecisive market conditions where pattern reliability diminishes significantly. RSI integration provides momentum confirmation by requiring oversold conditions before entry signal generation, ensuring alignment between pattern formation and underlying momentum characteristics. The RSI threshold remains fully adjustable to accommodate different market conditions and volatility environments. Price decline verification examines whether current prices have decreased over a specified period, confirming that bullish engulfing patterns occur after meaningful downward movement rather than during sideways consolidation phases. This requirement enhances the probability of successful reversal pattern completion. ## Advanced Position Management System The strategy incorporates dual position sizing methodologies to accommodate different account sizes and risk management approaches. Percentage-based position sizing calculates trade quantities as equity percentages, enabling consistent risk exposure across varying account balances and market conditions. This approach proves particularly valuable for systematic trading approaches and portfolio management applications. Fixed quantity sizing provides precise control over trade sizes independent of account equity fluctuations, offering predictable position management for specific trading strategies or when implementing precise risk allocation models. The system enables seamless switching between sizing methods through simple configuration adjustments. Position quantity calculations integrate seamlessly with TradingView's strategy testing framework, ensuring accurate backtesting results and realistic performance evaluation across different market conditions and time periods. The implementation maintains consistency between historical testing and live trading applications. ## Comprehensive Risk Management Framework The strategy features dual stop loss methodologies addressing different risk management philosophies and market analysis approaches. Entry price-based stop losses calculate stop levels as fixed percentages below entry prices, providing predictable risk exposure and consistent risk-reward ratio maintenance across all trades. The percentage-based stop loss system enables precise risk control by limiting maximum loss per trade to predetermined levels regardless of market volatility or entry timing. This approach proves essential for systematic trading strategies requiring consistent risk parameters and capital preservation during adverse market conditions. Lowest low-based stop losses identify recent price support levels by analyzing minimum prices over adjustable lookback periods, placing stops below these technical levels with additional buffer percentages. This methodology aligns stop placement with market structure rather than arbitrary percentage calculations, potentially improving stop loss effectiveness during normal market fluctuations. The lookback period adjustment enables optimization for different timeframes and market characteristics, with shorter periods providing tighter stops for active trading and longer periods offering broader stops suitable for position trading approaches. Buffer percentage additions ensure stops remain below obvious support levels where other market participants might place similar orders. ## Visual Customization and Interface Design The strategy provides comprehensive visual customization through eight predefined color schemes designed for different chart backgrounds and personal preferences. Color scheme options include Classic bright green and red combinations, Ocean themes featuring blue and orange contrasts, Sunset combinations using gold and crimson, and Neon schemes providing high visibility through bright color selections. Professional color schemes such as Forest, Royal, and Fire themes offer sophisticated alternatives suitable for business presentations and professional trading environments. The Custom color scheme enables precise color selection through individual color picker controls, maintaining maximum flexibility for specific visual requirements. Label styling options accommodate different chart analysis preferences through text bubble, triangle, and arrow display formats. Size adjustments range from tiny through huge settings, ensuring appropriate visual scaling across different screen resolutions and chart configurations. Text color customization maintains readability across various chart themes and background selections. ## Signal Quality Enhancement Features The strategy incorporates signal filtering mechanisms designed to eliminate repetitive signal generation during choppy market conditions. The disable repeating signals option prevents consecutive identical signals until opposing conditions occur, reducing overtrading during consolidation phases and improving overall signal quality. Signal confirmation requirements ensure all technical criteria align before trade execution, reducing false signal occurrence while maintaining reasonable trading frequency for active strategies. The multi-layered approach balances signal quality against opportunity frequency through adjustable parameter optimization. Entry and exit visualization provides clear trade identification through customizable labels positioned at relevant price levels. Stop loss visualization displays active risk levels through colored line plots, ensuring complete transparency regarding current risk management parameters during live trading operations. ## Implementation Guidelines and Optimization The strategy performs effectively across multiple timeframes with optimal results typically occurring on intermediate timeframes ranging from fifteen minutes through four hours. Higher timeframes provide more reliable pattern formation and reduced false signal occurrence, while lower timeframes increase trading frequency at the expense of some signal reliability. Parameter optimization should focus on RSI threshold adjustments based on market volatility characteristics and candlestick pattern timeframe analysis. Higher RSI thresholds generate fewer but potentially higher quality signals, while lower thresholds increase signal frequency with corresponding reliability considerations. Stop loss method selection depends on trading style preferences and market analysis philosophy. Entry price-based stops suit systematic approaches requiring consistent risk parameters, while lowest low-based stops align with technical analysis methodologies emphasizing market structure recognition. ## Performance Considerations and Risk Disclosure The strategy operates exclusively on long positions, making it unsuitable for bear market conditions or extended downtrend periods. Users should consider market environment analysis and broader trend assessment before implementing the strategy during adverse market conditions. Candlestick pattern reliability varies significantly across different market conditions, with higher reliability typically occurring during trending markets compared to ranging or volatile conditions. Strategy performance may deteriorate during periods of reduced pattern effectiveness or increased market noise. Risk management through stop loss implementation remains essential for capital preservation during adverse market movements. The strategy does not guarantee profitable outcomes and requires proper position sizing and risk management to prevent significant capital loss during unfavorable trading periods. ## Technical Specifications The strategy utilizes standard TradingView Pine Script functions ensuring compatibility across all supported instruments and timeframes. Default configuration employs 14-period RSI calculations, adjustable candle stability thresholds, and customizable price decline verification periods optimized for general market conditions. Initial capital settings default to $10,000 with percentage-based equity allocation, though users can adjust these parameters based on account size and risk tolerance requirements. The strategy maintains detailed trade logs and performance metrics through TradingView's integrated backtesting framework. Alert integration enables real-time notification of entry and exit signals, stop loss executions, and other significant trading events. The comprehensive alert system supports automated trading applications and manual trade management approaches through detailed signal information provision. ## Conclusion The Mutanabby_AI Algo Pro Strategy provides a systematic framework for candlestick pattern trading with comprehensive risk management and position sizing flexibility. The strategy's strength lies in its multi-layered confirmation approach and sophisticated customization options, enabling adaptation to various trading styles and market conditions. Successful implementation requires understanding of candlestick pattern analysis principles and appropriate parameter optimization for specific market characteristics. The strategy serves traders seeking automated execution of proven technical analysis techniques while maintaining comprehensive control over risk management and position sizing methodologies.
Strategi Pine Script®
oleh Mutanabby_AI
2
Turtle Trading System IndicatorKey Features & Components Donchian Channels The core of the indicator is the Donchian Channel, represented by the upper and lower blue bands. Upper Channel: The highest price over a user-defined period. Lower Channel: The lowest price over the same period. Middle Line: The midpoint between the upper and lower channels. These channels are used to identify potential breakouts, which form the basis for trade entries. Trading Signals The script automatically generates clear, non-repainting signals for potential trades: Long Entry (Green ▲): A green upward-facing triangle appears below the candle when the closing price breaks above the upper Donchian channel, signaling the start of a potential uptrend. Short Entry (Red ▼): A red downward-facing triangle appears above the candle when the closing price breaks below the lower Donchian channel, signaling the start of a potential downtrend. Long Exit (Green X): A green cross appears above the candle when the price crosses below the middle line, suggesting the uptrend is weakening. Short Exit (Orange X): An orange cross appears below the candle when the price crosses above the middle line, suggesting the downtrend is losing momentum. Integrated Risk Management A crucial element of the Turtle strategy is disciplined risk management, which is built into this indicator. Volatility-Based Position Sizing You can enable position sizing that adapts to market volatility using the Average True Range (ATR). When an entry signal occurs, a label appears showing a calculated position size unit. The formula aims to normalize risk, meaning you would trade smaller sizes in volatile markets and larger sizes in calmer markets. The formula used is: Volatility Unit= 100 Risk % ​ × 4×ATR Close Price ​ Dynamic Stop Loss Upon a long or short entry, a stop-loss level is plotted on the chart as red circles. This level is calculated based on the ATR, automatically adjusting to the market's current volatility to provide a data-driven exit point for managing losses. It is calculated as: Long Stop: Close Price - 1.8 * ATR Short Stop: Close Price + 1.8 * ATR On-Chart Information Panel A convenient table is displayed in the bottom-right corner of the chart, showing the current ATR value and the calculated Position Size unit for quick and easy reference. Customizable Settings You can tailor the indicator to your specific strategy and risk tolerance: Donchian Channel Period: Sets the lookback period for the channels. The default is 20. Shorter periods will be more sensitive and generate more signals. ATR Period: Sets the lookback period for the Average True Range calculation, affecting both position size and stop-loss levels. The default is 14. Risk Percentage: The percentage of equity you wish to risk per trade. This directly influences the position size calculation. Use Volatility Position Sizing: A simple checkbox to turn the ATR-based position sizing on or off.
Penunjuk Pine Script®
oleh edg777
Multi-Length Quad Bollinger BandsHere is a Pine Script code for TradingView that plots four separate Bollinger Bands on your chart. The lengths are preset to 14, 50, 100, and 200, but every aspect—including lengths, standard deviations, colors, and the source price—is fully customizable through the script's settings menu. The 14 and 50-period bands are enabled by default, while the 100 and 200-period bands are disabled to keep the chart clean initially. You can easily toggle any of them on or off.
Penunjuk Pine Script®
oleh imnadim
Lot Size Calculator (Dynamic) with Manual Pip ValueDevoleper: Sheikh Rakib This TradingView indicator helps you calculate the correct lot size based on your risk amount in USD and stop loss (SL) in pips. It dynamically detects pip value per lot depending on the trading instrument (e.g., Forex majors, minors, gold, crypto), and also allows manual override if needed. ✅ Key Features: 📏 Input SL in pips and risk amount in USD ⚙️ Automatically detects pip size and pip value per lot 🧮 Calculates lot size based on your inputs ✍️ Manual pip value override option if auto-detection is incorrect 🖥️ Clean, organized info panel displayed on chart 💹 Works with Forex, Gold (XAUUSD), Silver (XAGUSD), BTC, ETH, and more 📘 Usage Tips: Set your SL in pips and how much you want to risk per trade (USD) If the pip value is not calculated correctly (rare for exotic pairs), enable and set your own value using the “Manual Pip Value” input Recommended for scalpers, day traders, and swing traders who want to manage risk smartly Built with risk management in mind — because consistent trading starts with proper lot sizing.
Penunjuk Pine Script®
oleh Greenbd
Thors Economic NewsThe Live Economic Calendar indicator seamlessly integrates with external news sources to provide real-Time, upcoming, and past financial news directly on your Tradingview chart. By having a clear understanding of when news are planned to be released, as well as their respective impact, analysts can prepare their weeks and days in advance. These injections of volatility can be harnessed by analysts to support their thesis, or may want to be avoided to ensure higher probability market conditions. Fundamentals and news releases transcend the boundaries of technical analysis, as their effects are difficult to predict or estimate. Designed for both novice and experienced traders, the Live Economic Calendar indicator enhances your analysis by keeping you informed of the latest and upcoming market-moving news.
Penunjuk Pine Script®
oleh cegb001
Custom Ichimoku Cloud with Signals📊 OVERVIEW This indicator generates trading signals based on Ichimoku Cloud breakouts and breakdowns. It identifies when price decisively moves through the cloud boundaries, filtering out false signals from consolidation periods. 📈 KEY FEATURES - Transition-based signals only when price breaks through cloud - Candle body must completely clear cloud (no touching) - Alternating signal system prevents consecutive duplicate signals - Built-in alerts for automated notifications - Standard Ichimoku components included ⚙️ HOW IT WORKS BUY SIGNAL: Triggered when candle body moves completely above cloud after being inside/below SELL SIGNAL: Triggered when candle body moves completely below cloud after being inside/above 🎯 USE CASES - Trend continuation trading - Breakout trading strategies - Cloud support/resistance analysis - Multi-timeframe analysis 📝 PARAMETERS - Adjustable Ichimoku periods (Conversion, Base, Lagging Span B) - Customizable lookback period for transition detection - Visual signal markers with alerts ⚠️ DISCLAIMER This indicator is for educational purposes. Past performance doesn't guarantee future results. Always use proper risk management and combine with other analysis methods. ⚠️ DISCLAIMER & RISK WARNING This indicator is provided for informational and educational purposes only and should not be considered as financial advice. TRADING RISKS: - Trading involves substantial risk of loss and is not suitable for all investors - Past performance is not indicative of future results - You can lose more than your initial investment - Never trade with money you cannot afford to lose NO GUARANTEES: - This indicator does not guarantee profits or predict market movements with certainty - Signals are based on mathematical calculations and may produce false signals - Market conditions can change, making any strategy ineffective - Success depends on multiple factors beyond this indicator USER RESPONSIBILITY: - You are solely responsible for your trading decisions - Always conduct your own research and analysis - Consider consulting with a qualified financial advisor - Use proper risk management and position sizing - Test thoroughly on demo accounts before live trading TECHNICAL LIMITATIONS: - Indicator may be subject to repainting in real-time conditions - Historical results do not represent actual trading - Signals are for analysis only, not automatic trade execution - Performance varies across different timeframes and instruments By using this indicator, you acknowledge that you understand these risks and accept full responsibility for your trading outcomes. The author assumes no liability for any losses incurred. NOT FINANCIAL ADVICE - FOR EDUCATIONAL PURPOSES ONLY
Penunjuk Pine Script®
oleh viprasol
Liquidity Grab Entry Signals [Daily Enhanced]Liquidity Grab Entry Signals is a powerful tool designed to detect intraday reversal opportunities around daily high/low liquidity zones. Core features: – Plots current daily high/low levels – Identifies price interaction with these key zones – Confirms rejection via strong engulfing candles – Plots real-time long/short entry signals directly on chart – Includes alerts for both long and short setups This script is ideal for scalpers and intraday traders looking to exploit stop hunts, liquidity sweeps, and false breakouts. Optimized for instruments like US30, NAS100, Gold, BTC and more. Customize the sensitivity buffer to suit your asset and timeframe. Use this in combination with VWAP, FVG or Smart Money concepts for enhanced confirmation. --- Built for: 1s–15m charts Includes: Alerts + Custom Settings Type: Non-repainting Trade with clarity around the most manipulated price levels of the day.
Penunjuk Pine Script®
oleh ChartEdgePro
Leader-Lagger DashboardSummary: The ultimate frustration for a trader: being right on the idea, but wrong on the asset. You correctly predict a market move, develop a solid bullish or bearish thesis, but the instrument you choose fails to follow through. Meanwhile, a correlated asset makes the exact move you anticipated, leaving you with a losing trade or a missed opportunity. This common pitfall is precisely what the Leader/Lagger Dashboard is designed to solve. The Solution: Instant Clarity on Relative Strength The Leader/Lagger Dashboard provides a clear, real-time verdict on the relative strength between two correlated assets, such as ES (S&P 500 futures) and NQ (Nasdaq 100 futures). By instantly identifying the Leader (the stronger asset) and the Lagger (the weaker asset), it empowers you to focus your capital on the instrument with the highest probability of performing in line with your market view. As shown in the example image, if your idea is to short the market, choosing the "Weak" asset (ES) results in a winning trade, while shorting the "Strong" asset (NQ) would have failed. This tool helps you make that critical distinction before you enter. How It Works The engine at the core of this dashboard analyzes the price action of two assets on a higher timeframe (defaulting to 90 minutes). It measures how the current bar's high and low are performing relative to the previous bar's range for each asset. By comparing these normalized values, it generates a score to determine which asset is exhibiting stronger momentum (the Leader) and which is showing weakness (the Lagger). A tie-breaking mechanism using a lower timeframe ensures you always have a decisive verdict. How to Use It The principle is simple: Go long the leader, and short the lagger. If you are Bullish: Look for the asset marked "Strong." This is the instrument most likely to lead the upward move. If you are Bearish: Look for the asset marked "Weak." This is the instrument most likely to lead the downward move. By aligning your trade execution with the market's internal momentum, you dramatically increase your odds of success and avoid the frustration of trading against underlying strength or weakness. Key Features Instant Verdict: A simple on-chart table displays a "Strong" or "Weak" verdict for each asset. Focus on the Leader: Easily identify which asset is leading the move to align your trades with momentum. Avoid the Lagger: Steer clear of the weaker asset that might chop around or reverse, even if your directional bias is correct. Fully Customizable: Change the two assets to any symbols you trade (e.g., GOLD vs. SILVER, EURUSD vs. GBPUSD). Adjustable Display: Control the table's position and font size to perfectly fit your chart layout. The table is designed to be visible on lower timeframes (5-minutes and under) to assist with day trading execution. This tool is designed to be a crucial part of your decision-making process, providing an objective layer of confirmation for your trading ideas. so Stop guessing and start trading the right asset. As always, use this indicator in conjunction with your own complete analysis and risk management strategy.
Penunjuk Pine Script®
oleh traderprimez
Trading Holidays and Expiry CalendarTrading Holiday and Expiry Calendar This indicator displays calendar for current and next 2 months. Calendar marks ‘CRITICAL DAYS’ on the calendar. ‘CRITICAL DAYS’: Trading Days Trading Holidays Weekends Expiry Days Out of these ‘Expiry Days’ are marked based on User input and rest of the days are derived and marked automatically. Why this indicator: Most of the Pine Script developers find it tedious (rather difficult or impossible) to find future holidays and expiry days. This indicator exactly does that based on a simple input parameter Use cases: Calendar view of 3 months Trading days along with identification off critical activity days Pine Script developers can extract code/functions from the indicator and use it for building indicators and strategies Chart Snapshot
Penunjuk Pine Script®
oleh Sharad_Gaikwad
3
Correlation HeatMap [TradingFinder] Sessions Data Science Stats🔵 Introduction n financial markets, correlation describes the statistical relationship between the price movements of two assets and how they interact over time. It plays a key role in both trading and investing by helping analyze asset behavior, manage portfolio risk, and understand intermarket dynamics. The Correlation Heatmap is a visual tool that shows how the correlation between multiple assets and a central reference asset (the Main Symbol) changes over time. It supports four market types forex, stocks, crypto, and a custom mode making it adaptable to different trading environments. The heatmap uses a color-coded grid where warmer tones represent stronger negative correlations and cooler tones indicate stronger positive ones. This intuitive color system allows traders to quickly identify when assets move together or diverge, offering real-time insights that go beyond traditional correlation tables. 🟣 How to Interpret the Heatmap Visually ? Each cell represents the correlation between the main symbol and one compared asset at a specific time. Warm colors (e.g. red, orange) suggest strong negative correlation as one asset rises, the other tends to fall. Cool colors (e.g. blue, green) suggest strong positive correlation both assets tend to move in the same direction. Lighter shades indicate weaker correlations, while darker shades indicate stronger correlations. The heatmap updates over time, allowing users to detect changes in correlation during market events or trading sessions. One of the standout features of this indicator is its ability to overlay global market sessions such as Tokyo, London, New York, or major equity opens directly onto the heatmap timeline. This alignment lets traders observe how correlation structures respond to real-world session changes. For example, they can spot when assets shift from being inversely correlated to moving together as a new session opens, potentially signaling new momentum or macro flow. The customizable symbol setup (including up to 20 compared assets) makes it ideal not only for forex and crypto traders but also for multi-asset and sector-based stock analysis. 🟣 Use Cases and Advantages Analyze sector rotation in equities by tracking correlation to major indices like SPX or DJI. Monitor altcoin behavior relative to Bitcoin to find early entry opportunities in crypto markets. Detect changes in currency alignment with DXY across trading sessions in forex. Identify correlation breakdowns during market volatility, signaling possible new trends. Use correlation shifts as confirmation for trade setups or to hedge multi-asset exposure 🔵 How to Use Correlation is one of the core concepts in financial analysis and allows traders to understand how assets behave in relation to one another. The Correlation Heatmap extends this idea by going beyond a simple number or static matrix. Instead, it presents a dynamic visual map of how correlations shift over time. In this indicator, a Main Symbol is selected as the reference point for analysis. In standard modes such as forex, stocks, or crypto, the symbol currently shown on the main chart is automatically used as the main symbol. This allows users to begin correlation analysis right away without adjusting any settings. The horizontal axis of the heatmap shows time, while the vertical axis lists the selected assets. Each cell on the heatmap shows the correlation between that asset and the main symbol at a given moment. This approach is especially useful for intermarket analysis. In forex, for example, tracking how currency pairs like OANDA:EURUSD EURUSD, FX:GBPUSD GBPUSD, and PEPPERSTONE:AUDUSD AUDUSD correlate with TVC:DXY DXY can give insight into broader capital flow. If these pairs start showing increasing positive correlation with DXY say, shifting from blue to light green it could signal the start of a new phase or reversal. Conversely, if negative correlation fades gradually, it may suggest weakening relationships and more independent or volatile movement. In the crypto market, watching how altcoins correlate with Bitcoin can help identify ideal entry points in secondary assets. In the stock market, analyzing how companies within the same sector move in relation to a major index like SP:SPX SPX or DJ:DJI DJI is also a highly effective technique for both technical and fundamental analysts. This indicator not only visualizes correlation but also displays major market sessions. When enabled, this feature helps traders observe how correlation behavior changes at the start of each session, whether it's Tokyo, London, New York, or the opening of stock exchanges. Many key shifts, breakouts, or reversals tend to happen around these times, and the heatmap makes them easy to spot. Another important feature is the market selection mode. Users can switch between forex, crypto, stocks, or custom markets and see correlation behavior specific to each one. In custom mode, users can manually select any combination of symbols for more advanced or personalized analysis. This makes the heatmap valuable not only for forex traders but also for stock traders, crypto analysts, and multi-asset strategists. Finally, the heatmap's color-coded design helps users make sense of the data quickly. Warm colors such as red and orange reflect stronger negative correlations, while cool colors like blue and green represent stronger positive relationships. This simplicity and clarity make the tool accessible to both beginners and experienced traders. 🔵 Settings Correlation Period: Allows you to set how many historical bars are used for calculating correlation. A higher number means a smoother, slower-moving heatmap, while a lower number makes it more responsive to recent changes. Select Market: Lets you choose between Forex, Stock, Crypto, or Custom. In the first three options, the chart’s active symbol is automatically used as the Main Symbol. In Custom mode, you can manually define the Main Symbol and up to 20 Compared Symbols. Show Open Session: Enables the display of major trading sessions such as Tokyo, London, New York, or equity market opening hours directly on the timeline. This helps you connect correlation shifts with real-world market activity. Market Mode: Lets you select whether the displayed sessions relate to the forex or stock market. 🔵 Conclusion The Correlation Heatmap is a robust and flexible tool for analyzing the relationship between assets across different markets. By tracking how correlations change in real time, traders can better identify alignment or divergence between symbols and gain valuable insights into market structure. Support for multiple asset classes, session overlays, and intuitive visual cues make this one of the most effective tools for intermarket analysis. Whether you’re looking to manage portfolio risk, validate entry points, or simply understand capital flow across markets, this heatmap provides a clear and actionable perspective that you can rely on.
Penunjuk Pine Script®
oleh TFlab
1
Daily Manipulation Probability Dashboard📜 Summary Tired of getting stopped out on a "Judas Swing" just before the price moves in your intended direction? This indicator is designed to give you a statistical edge by quantifying the daily manipulation move. The Daily Manipulation Probability Dashboard analyzes thousands of historical trading days to reveal the probability of the initial "stop-hunt" or "fakeout" move reaching certain percentage levels. It presents this data in a clean, intuitive dashboard right on your chart, helping you make more data-driven decisions about stop-loss placement and entry timing. 🧠 The Core Concept The logic is simple but powerful. For every trading day, we measure two things: Amplitude Above Open (AAO): The distance price travels up from the daily open (High - Open). Amplitude Below Open (ABO): The distance price travels down from the daily open (Open - Low). The indicator defines the "Manipulation" as the smaller of these two moves. The idea is that this smaller move often acts as a liquidity grab to trap traders before the day's primary, larger move ("Distribution") begins. This tool focuses exclusively on providing deep statistical insight into this crucial manipulation phase. 🛠️ How to Use This Tool This dashboard is designed to be a practical part of your daily analysis and trade planning. 1. Smarter Stop-Loss Placement This is the primary use case. The "Prob. (%)" column tells you the historical chance of the manipulation move being at least a certain size. Example: If the table shows that for EURUSD, the ≥ 0.25% level has a probability of 30%, you can flip this information: there is a 70% probability that the daily manipulation move will be less than 0.25%. Action: Placing your stop-loss just beyond a level with a low probability gives you a statistically sound buffer against typical stop-hunts. 2. Entry Timing and Patience The live arrow (→) shows you where the current day's manipulation falls. Example: If the arrow is pointing at ≥ 0.10% and you know there is a high probability (e.g., 60%) of the manipulation reaching ≥ 0.20%, you might wait for a deeper pullback before entering, anticipating that the "Judas Swing" hasn't completed yet. 3. Assessing Daily Character Quickly see if the current day's action is unusual. If the manipulation move is already in a very low probability zone (e.g., > 1.00%), it might indicate that your Bias is wrong, or signal a high-volatility day or a potential trend reversal. 📊 Understanding the Dashboard Ticker: The top-right shows the current symbol you are analyzing. → (Arrow): Points to the row that corresponds to the current, live day's manipulation amplitude. Manip. Level: The percentage threshold being analyzed (e.g., ≥ 0.20%). Days Analyzed: The raw count of historical days where the manipulation move met or exceeded this level. Prob. (%): The key statistic. The cumulative probability of the manipulation move being at least the size of the level. ⚙️ Settings Position: Choose where you want the dashboard to appear on your chart. Text Size: Adjust the font size for readability. Max Historical Days to Analyze: Set the number of past daily candles to include in the statistical analysis. A larger number provides a more robust sample size. I believe this tool provides a unique, data-driven edge for intraday traders across all markets (Forex, Crypto, Stocks, Indices). Your feedback and suggestions are highly welcome! - @traderprimez
Penunjuk Pine Script®
oleh traderprimez
6