G4 Zones | NY (daytradederic) Opening Range Retracement
When I began trading futures I didn't have much of an understanding of market structure nor a real trading plan. Where can I find seemingly risk-free entries? What is a good place to take profit? With so many possibilities I slowly learned that no trading system is more right than the next. What I also learned is that it is best to have a system that your mind can easily see and agree with so you are able to build an edge and grow confidence as a trader.
This indicator is the summation much failure, trial and error. I was manually computing these levels each day and storing them in the object tree on each asset I wanted to trade or examine for the day. It was time consuming and left me with less time to analyze multiple markets.
What is it:
If you are like me, you love when things add up and are willing to take risk if the source of your information is truly reliable. At the base of it, the G4 zones are Fibonacci projections based on the true opening range candles. They are individual arrays which collectively form "zones" or points of interest from the opening range candle characteristics. It is optimized for use on Nasdaq futures ( CME_MINI:NQ1! ) with less reliability on other futures instruments, but works well with ES as well. It has worked decently with liquid crypto assets too. The plan is for future versions to allow projections for individual equities. It works on all standard timeframes (except the hourly for whatever reason. I still need to fix that).
How should it be interpreted:
When I first started with this project I saw the each line as standalone levels.
Who doesn't like a good tick entry. Amiright?
But what happened is that I refused to stick to my risk parameters if my sizing was too aggressive or if my order was exactly at a line and price slipped past. That's when it clicked..they are best interpreted as ZONES rather than absolute levels. You will learn to read and interpret the differences in price action around each level and how significance changes in each zone throughout the trading session.
What's to come:
I plan to upload another version that gives the ability to set alerts based on high probability setups which will be determined by the candles OHLC in relation to a fib level/zone and the characteristics of the previous candles as well, including volume.
Please feel free to leave any comments about the capabilities or future features you may want to see. Thank you for your support!
Cheers,
DTD
Futurestrading
Bull Flag DetectionThe FuturesGod bull flag indicator aims to identify the occurrence of bull flags.
Bull flags are a popular trading pattern that allows users to gauge long entries into a given market. Flags consist of a pole that is followed by either a downward or sideways consolidation period.
This script can be used on any market but was intended for futures (NQ, ES) trading on the intraday timeframe.
The script does the following:
1. Identifies the occurrence of a flag pole. This is based on a lookback period and percentage threshold decided by the user.
2. Marks the consolidation area after the pole occurrence using swing highs and swing lows.
3. Visually the above is represented by a shaded green area.
4. When a pole is detected, it is marked by a downward off-white triangle. Note that if the percentage threshold is reached several times on the same upward climb, the script will continue to identify points where the threshold for pole detection is met.
5. Also visualized are the 20, 50 and 200 period exponential moving averages. The area between the 20 and 50 EMAs are shaded to provide traders a visual of a possible support area.
REMA CROSSOVER BY JUGNUThis indicator triggers alerts for long and short positions on DAILY TIME FRAME for SWING trades based on the conditions which described below. This script will generate alerts when the following conditions are met:
LONG POSITION:
RSI(14) above 50.
EMA(5) crosses above EMA(10).
Indicator Triangle Green below price bars
SHORT POSITION:
RSI(14) below 50.
EMA(5) crosses down EMA(10).
Indicator Triangle RED above price bars
This script plots green and red triangles below and above the price bars to indicate long and short alert conditions, respectively. It also triggers alerts when these conditions are met.
BB_MDL_V1Simple indicator that is based on the average line of the bollinger bands and the exponential average of 200 periods.
The customizable variable is bollinger bands length, currently the default is 35, you can tweak it to your liking and see how trend identification changes.
My recommendation is to work in 5-minute time frames in values such as SOL, FTM or MASK (cryptos)
This simple strategy can be combined with many others to gain more insight and get better market entries and exits.
Failed Breakdown Detection'Failed Breakdowns' are a popular set up for long entries.
In short, the set up requires:
1) A significant low is made ('initial low')
2) Initial low is undercut with a new low
3) Price action then 'reclaims' the initial low by moving +8-10 points from the initial low
This script aims at detecting such set ups. It was coded with the ES Futures 15 minute chart in mind but may be useful on other instruments and time frames.
Business Logic:
1) Uses pivot lows to detect 'significant' initial lows
2) Uses amplitude threshold to detect a new low beneath the initial low; used /u/ben_zen script for this
3) Looks for a valid reclaim - a green candle that occurs within 10 bars of the new low
4) Price must reclaim at least 8 points for the set up to be valid
5) If a signal is detected, the initial low value (pivot low) is stored in array that prevents duplicate signals from being generated.
6) FBD Signal is plotted on the chart with "X"
7) Pivot low detection is plotted on the chart with "P" and a label
8) New lows are plotted on the chart with a blue triangle
Notes:
User input
- My preference is to use the defaults as is, but as always feel free to experiment
- Can modify pivot length but in my experience 10/10 work best for pivot lows
- New low detection - 55 bars and 0.05 amplitude work well based on visual checks of signals
- Can modify the number of points needed to reclaim a low, and the # of bars limit under which this must occur.
Alerts:
- Alerts are available for detection of new lows and detection of failed breakdowns
- Alerts are also available for these signals but only during 7:30PM-4PM EST - 'prime time' US trading hours
Limitations:
- Current version of the script only compares new lows to the most recent pivot low, does not look at anything prior to that
- Best used as a discretionary signal
Visit /u/ben_zen's Profile:
www.tradingview.com
Profile Link www.tradingview.com
VWAP PredatorUsing VWAP as a start point, the VWAP Predator uses proprietary Fibonacci bands to help determine signal criteria. Most traders use VWAP in a simple way to determine whether an instrument is in a bearish or bullish state, but that doesn't help choosing the correct time to go long or short.
The xBat VWAP Predator uses behavioural analysis with volume, price action with open and close proximities to the Fibonacci bands/zones (Fib Zones). The following describes how the xBrat VWAP Predator is different to any standard use of Volume Weighted Average Price and uses xBrat Proprietary Behavioural logic to determine high probability long and Short signals. All of this heavy lifting and logic is done behind the scenes, keeping traders charts clean.
Long Trading Signals - Candle Coloured in Blue - There are many states with the logic to produce these signals, which are briefly described below:
1. The only standard criteria here - The price action must be above the VWAP Line
2. The Price must open below the boundary of one Fib Zone and close into the next Fib Zone
3. That Same Candle has to be an Accumulation Candle (more volume than the preceding candle and More Buyers) - This is determined with our proprietary logic coding
4. The Same signal candle also has to be higher than average volume. Again, our proprietary xBrat Logic just doesn't look back over a set number of bars, it looks at times of day and day of week, plus more to determine a true valuation of higher, lower or equal to average volume.
5. Only when these states are met, plus two more ema proximity logic, Does the xBrat VWAP predator give a Long Signal.
6. Trade Management is either set targets or indeed a simple ema cross which we provide as a ribbon on the chart to help traders. These ema's are different to entry logic. When the Ribbon turns from green to red, the trader should consider exiting the trade
Short Trading Signals - Candle Coloured in Pink - There are many states with the logic to produce these signals, which are briefly described below:
1. The only standard criteria here - The price action must be below the VWAP Line
2. The Price must open above the boundary of one Fib Zone and close into the next Fib Zone
3. That Same Candle has to be a Distribution Candle (more volume than the preceding candle and More Sellers) - This is determined with our proprietary logic coding
4. The Same signal candle also has to be higher than average volume. Again, our proprietary xBrat Logic just doesn't look back over a set number of bars, it looks at times of day and day of week, plus more to determine a true valuation of higher, lower or equal to average volume.
5. Only when these states are met, plus two more ema proximity logic, Does the xBrat VWAP predator give a Short Signal.
6. Trade Management is either set targets or indeed a simple ema cross which we provide as a ribbon on the chart to help traders. These ema's are different to entry logic. When the Ribbon turns from red to green, the trader should consider exiting the trade.
VWAP Predator is a day trading and scalping signals trading indicator.
Future Risk CalculatorCreated out of revenge against the difficulty of controlling psychology, greed, and risk management. Designed for cryptocurrency futures trading by following the risk management principles from Kevin Sailly. Very welcome if there are suggestions and input to improve the quality of this "indicator". Please use wisely.
How to use:
1. Open indicator settings.
2. Fill out all the forms. (Note: I make Max Loss Risk only has 5 options. Because, you know, to control the greed. You can choose by considering your risk profiles and market condition)
3. All of the information and calculation will appear on the label (right side of the bar chart) and top-right box.
4. You can adjust the three prices (target, entry, and stop) by clicking any part of the indicator. There will be three dots in the middle of the chart window (align with three prices). Click that dots and drag them up/down to customize according to your wishes. The price order must be correct, for LONG direction the price order from the top is target-entry-stop. Vice versa for SHORT direction. There will be "SETUP ERROR" text in the top-right box if the price order is not correct.
"Never, ever argue with your trading system." (by Michael Covel)
Regards,
Ircham
Future PreviewFuture Preview
Calculate real-time future order profit with open price, leverage and commission fee. Simple and straight forward. If you need any additional feature, please leave a comment below. I am glad to help.
Usage:
When adding Future Preview to chart, it will ask order open time and open price on the chart by clicking with left mouse on the desired value. These value can be changed lately, as well as the leverage and commission fee. Default leverage is 10 and default commission fee is 0.06% (taker).
There will be two horizontal lines. The solid longer line is the open price line, it shows the order open price. The shorter line moving with real-time price is the current price line, it shows the current price. There will be preview data shows on top or below the price line. Open price line is red for short order and green for long order. The current price line is red when the order is losing and it is green when it profiting. The back ground color follows the color of current price line. Background color transparency and gain/loss color can be changed in options.
There will be one horizontal line on the left if the option of showing open time is on (default is on). It shows the time stamp when current order opened.
After adding Future Preview to chart, there is option to add Taking Profit(TP) or Stop Loss(SL) to the chart.
Font size can be changed in option
Metals:Backwardation/ContangoMETALS: Gold , Silver , Copper ( GC , SI, HG)
Quickly visualize carrying charge market vs backwardized market by comparing the price of the next 2 years of futures contracts.
Carrying charge (contract prices increasing into the future) = normal, representing the costs of carrying/storage of a commodity. When this is flipped to Backwardation (contract prices decreasing into the future): its a bullish sign: Buyers want this commodity, and they want it NOW.
Note: indicator does not map to time axis in the same way as price; it simply plots the progression of contract months out into the future; left to right; so timeframe DOESN'T MATTER for this plot
There's likely some more efficient way to write this; e.g. when plotting for Gold ( GC ); 21 of the security requests are redundant; but they are still made; and can make this slower to load
TO UPDATE(once a year will do): in REQUEST CONTRACTS section, delete old contracts (top) and add new ones (bottom). Then in PLOTTING section, Delete old contract labels (bottom); add new contract labels (top); adjust the X in 'bar_index-(X+_historical)' numbers accordingly
This is one of three similar indicators: Meats | Metals | Grains
-If you want to build from this; to work on other commodities ; be aware that Tradingview limits the number of contract calls to 40 (hence the 3 seperate indicators)
Tips:
-Right click and reset chart if you can't see the plot; or if you have trouble with the scaling.
-Right click and add to new scale if you prefer this not to overlay directly on price. Or move to new pane below.
--Added historical input: input days back in time; to see the historical shape of the Futures curve via selecting 'days back' snapshot
updated 15th June 2022
© twingall
Grains:Backwardation/ContangoGRAINS: Wheat , Soybeans , Corn (ZW, ZS, ZC )
Quickly visualize carrying charge market vs backwardized market by comparing the price of the next 2 years of futures contracts.
Carrying charge (contract prices increasing into the future) = normal, representing the costs of carrying/storage of a commodity. When this is flipped to Backwardation (contract prices decreasing into the future): its a bullish sign: Buyers want this commodity, and they want it NOW.
The above chart shows a nice example of backwardation.
Note: indicator does not map to time axis in the same way as price; it simply plots the progression of contract months out into the future; left to right; so timeframe DOESN'T MATTER for this plot
There's likely some more efficient way to write this; e.g. when plotting for Wheat (ZW); 15 of the security requests are redundant; but they are still made; and can make this slower to load
TO UPDATE(once a year will do): in REQUEST CONTRACTS section, delete old contracts (top) and add new ones (bottom). Then in PLOTTING section, Delete old contract labels (bottom); add new contract labels (top); adjust the X in 'bar_index-(X+_historical)' numbers accordingly
This is one of three similar indicators: Meats | Metals | Grains
-If you want to build from this; to work on other commodities ; be aware that Tradingview limits the number of contract calls to 40 (hence the 3 seperate indicators)
Tips:
-Right click and reset chart if you can't see the plot; or if you have trouble with the scaling.
-Right click and add to new scale if you prefer this not to overlay directly on price. Or move to new pane below.
--Added historical input: input days back in time; to see the historical shape of the Futures curve via selecting 'days back' snapshot
updated 15th June 2022
© twingall
Settlement priceThis script is meant to be used intraday, on futures products.
It charts the previous day/week/month settlement price as a constant level intraday.
The settlement price of a product is calculated by the exchange at the end of each day. It is shown in the D/W/M chart as the close price. The settlement price does not coincide with the last close price intraday, thus creating the need of a script like this.
The settlement price can be a pivotal price in intraday futures trading, as it can act as support or resistance
You can select the resolution of the settlement by the "Resolution" input
xBrat BIAS DEPTH HeatmapThis Trading Indicator is the "Go - No Go Gauge" for any trading signals strategy. A Sub-Chart that looks up 6 time frames and gives you real time BIAS. Bullish, Neutral or Bearish on each level. Making decisions, acting on trading signals easier! Only identifying those highest probability trades, no matter what signals trading indicator you are using. Ideal for Forex Trading, Futures Trading, Crypto Trading and Stocks Trading
This BIAS Depth Heatmap includes:
6 Levels of BIAS Depth
Scalping Setting
Day Trading Setting
Swing Trading Setting
And by only concentrating on trading the highest probability trades of any trading strategy, we can block out all the other noise and concentrate on a simple set of rules!
This is why our Founder, Paul Bratby, decided to help filter out all the noise and allow traders to see what's going off on higher timeframes "in depth" to help make those important trade entry decisions. This more global view of the BIAS DEPTH is designed to help traders make decisions faster!
NCTA Aurora SystemAurora System
This system is designed to present a simple view of trending signals. The signals within the Aurora System will alert the beginning of a possible new trend. The signals also indicate when a trend is continuing or weakening, which advises the trader to adjust their stop or exit the trade. If the trend resumes, the system will print a new confirmation of an entry.
When traded properly, using a 2-3 timeframe alignment, the system will display both trending trades, which anticipate a potentially longer move, or catch trades which are likely shorter moves, which at times may be counter trend, so traders will be looking for a smaller profit.
There are two settings, CXA and PBA. CXA is more sensitive to triggering possible entries while PBA is more conservative. The system will display on the indicator which “mode” is set, CXA or PBA.
How to Use:
When the first red bar appears, labeled with a “S”, go short. This is indicating the start of a possible short trend.
When the first blue bar appears, labeled with a “L”, go long. This is indicating the start of a possible long trend.
White bars indicate a neutral or no trend.
This system can be used individually on a single time frame, but reduces chop and noise when used on a combination of time frames such as an alignment between the 3 minute and 10 minute chart for intraday trading.
3 Minute and 10 Minute Alignment Example:
For example: When the 10 minute PBA signal appears (Red bar with “S” or Blue bar with “L”), monitor the 3 minute chart for a confirmation of that signal (Red bar with “S” or Blue bar with “L”) and enter based on the 3 minute chart
At times, the 10m will first print when the 3m is on a retracement. It may take another 3 - 6 min before the 3m signals a valid entry
Exit when 10m PBA signal stops (could be a white bar or just a blank space on the indicator)
Next Bar Alert:
Included is an optional "Next Bar Alert" setting. Since many of these signals benefit from very prompt action at the beginning of a price bar, there is an additional option in Settings to set an arbitrary number of seconds to be alerted before the next price bar opens. Simply set this to a level you prefer, then set an alert in TradingView on the indicator using the "Next Bar Alert" alert parameter.
Scalper's Paradise Tool For NQThis powerful scalping tool was specifically designed for NQ and MNQ. Scalper's Paradise adds buy and sell signals to the chart using a proprietary blend of confluence trading principals that are incredibly accurate. Many of the settings can be customized for uses on higher time-frames and different markets. Along with the buy and sell signals, this indicator offers weakness signaling (seen as dots on the chart), along with potential exit points marked as 'EX' on the chart over a diamond shape.
How To Use:
This indicator is designed for intra-day scalping. When a buy or sell signal is marked on the chart, it's safe to enter a position. Exit the position when you see weakness in the trend or where the EX (exits) are marked.
The Trend Cloud offers great visibility for trend strength and overall volatility and can be used in conjunction with the entries and exits for added confidence that your trade is a worthwhile trade.
The red and green backgrounds on the chart are a filtering tool designed to save you from trades that otherwise don't carry enough momentum to be worth entering the market. This part of the indicator has 3 major adjustable settings that allow you to truly dial in your risk.
Identify momentum areas and trade with confidence using Scalper's Paradise!
Trend Cloud for momentum and confidence
Buy and Sell Signals
Marked Exits and Trend Weakness dots on the chart
ADX Based Clean Trade Filter allows for full customization of your trading risk profile. This part of the indicator will SUPPRESS any and all signals while the chart's background is red.
The Safer Trades Filtering in the settings allows further confidence by suppressing riskier trade signals
Limitations:
This script does not mark reversals. It will only identify safe trade zones during periods of strong momentum.
Disclaimer:
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!
XBrat Range Breakout - Defining Ranges & The Trading BiasxBrat Range Breakout
Designed to help define opening ranges of major markets, along with Gold Pit opens, Oil Pit opens and for major economic data points. We recommend timeframes for opening ranges on different type of instruments further down this description
There are 6 range data points available, 4 of which are pre-defined (but can be adjusted and renamed) and then 2 spare for those important data points. All the times and label names can be adjusted.
4 Pre-Defined Openings are:
Europe Gold Pit Open (8am Europe time)
London Stock Exchange Open (9am Europe time)
New York Gold Pit Open (8.20am EST)
NYSE Open (9.30am EST)
The range is defined by a parallel coloured cloud which changes colour depending on the BIAS of the opening range, calculated automatically for our users. At the same time the Open Tag is also coloured to help identify the BIAS and indeed which direction traders should trade the Range Breakout after the first candle has closed. The range BIAS continues to be drawn on the chart until the following days open. The colour will change as per the BIAS of that opening range. This allows for multiple entries of breakouts of the defined range throughout the following 24 hours.
Range Breakout BIAS Colours
Green - Bullish BIAS - When first candle has closed only look for breakouts to the upside
Red - Bearish BIAS - When first candle has closed only look for breakouts to the downside
Yellow - Neutral BIAS - When first candle closed, look for breakouts to both upside and downside or best not to trade the breakouts as neutral BIAS indicates indecision
Time Frames we suggest for open ranges of any market open or data points are:
Metals & Energy Futures or CFDs - 5 minute time frame
Currencies - Forex Pairs or Futures - 10 minute time frame
Index Futures or CFDs - 15 minute time frame
The Manager The Manger is a simple and repeatable trade management indicator suite for all instruments and for all timeframes.
The strategy that makes up this trade management tool includes:
1. Average volume calculations with auto lookbacks - Each candle then is identified as being above or below average volume with Dots above or below each candle.
2. Volume Distribution or Accumulation candles - Identifies if the candle has higher or lower volume compared to previous candle
a. If Higher volume and is a Down candle it is a distribution candle and is coloured Red.
b. If Higher volume and is an Up candles it is an accumulation candle and is coloured Green.
3. Adjustable BIAS cloud with four settings for Day Trading and Swing Trading. Red is Bearish BIAS with Price action and Green is a Bullish BIAS with Price Action.
Some of the simple rules to follow when using "The Manager" to help manage your trades Long or Short. (More is covered in our tutorial video)
1. When Short Trading and you get a Green Accumulation Candle with a Cyan Dot Above candle (Higher than Average Volume) printed. This is a sign of a potential reversal against your short trade and an aggressive profit taking exit is necessary.
2. When Long Trading and you get a Red Distribution Candle with a Cyan Dot Above candle (Higher than Average Volume) printed. This is a sign of a potential reversal against your long trade and an aggressive profit taking exit is necessary.
3. Pullbacks against the direction of your trade with Blue Dots Below Candles (Lower than average volume) show low momentum pullbacks and a sign to stay in your trade or revert to BIAS Cloud rules.
4. BIAS Cloud - When Green Changes to Red, this is your conservative exit for Long Trades. - When Red changes to Green, this is your conservative exit for short trade.
5. BIAS Cloud - When day trading and your position has a parabolic move - change settings to day trading aggressive
6. BIAS Cloud - When Swing trading and your position has a parabolic move - change settings to day trading conservative or moderate depending on how much room you want to give for a pullback against the direction of your swing trade.
Remember when day trading or swing trading, there is usually a data or news catalyst that reverses the direction of an instrument and potentially a trade that you are in. "The Manager" soon spots those with either accumulation or distribution candles combining with higher than average volume. And usually with a distinct candle stick formation rejecting highs or lows. The ability for you to visually see this on your chart with our indicator gives you chance to maximise your profits by understanding the behaviour represented by the coloured candles and the dots above or below the candles. The BIAS cloud allows for a more conservative approach to this as discussed above
FuturesPremIndex V2Improving on the FPI version 1 , the following changes are incorporated.
1. The prices now use adjustable weighted averages for both spot and futures
2. The algorithm is improved for better normalization of data
3. The buy and sell zones are more precise with adjustable tolerance
Upcoming V3 would include , the FRI ( Funding rate index ) as well as even better targeting of the zones .
Reversal by Dan SteelHello everyone,
This is a simple indicator to indicate reversal signal on $SPY, $SPX or SPY futures products. The indicator works best in 15 minute.
Blue flag is RSI oversold
Red flag is reversal signal
if there is both flags, the chance of short bull run is very high.
Cheers,
Dan
P.S: It is ugly but working :)
S&P Intraday IndicatorS&P Intraday Indicator can be used to trade S&P 500 futures for day trade. Once you add this indicator on your chart, it will overlay on your chart. You can see green up arrow and red down arrows.
To start using: Add ES1! (E-MINI S&P500 Futures current) on chart, Make sure chart is 5 min chart, and then add indicator to chart. Note: This indicator only works for S&P 500 index .
You can take long position when arrow changes from "red down" to "green up"
You can take short position when arrow changes from "green up" to "red down"
You can also take new position in-between trend when there is a pull back of 2 or more candlesticks .
For Options trading you can buy SPY Calls for long and SPY Puts for short positions. Bets way to use this indicator is using ES1! contract.
You can send a private message on TradingView to gain access.
or Use the link below to obtain access to this indicator
NCTA Adaptive Entry SystemAdaptive Entry System (AES)
Price action of stocks, indexes, and futures consists of periods of trending action, retracements within the trend and then a resumption of the original trend. Trending patterns do not move straight up or straight down. They move in cycles which, when properly identified, can offer traders an opportunity to “follow the trend” while also recognizing the probability of a near term retracement before resuming movement in the direction of the trend. Experienced traders with advanced skills at interpreting wave patterns (Elliott Wave), Fibonacci retracements, Stochastics (overbought / oversold conditions), Momentum, and Moving Averages apply their advanced knowledge to trading and identifying these trend - retracement - continuation of trend cycles. These skills require an advanced knowledge of these complex indicators and can be difficult for traders without the same skill set to optimize their trading performance.
The Adaptive Entry System (AES) was created as a technical market metrics system to interpret a variety of advanced signals and present to the trader a “single actionable signal” displayed in an easy to recognize format for traders of most any skill level to benefit from.
AES is a “system” as opposed to a single indicator. It was designed with the goal of simplifying a traders ability to recognize an entry opportunity by summarizing the consensus of several key indicators and displaying a single entry / exit signal in a color highlighted, strategy labeled format. The work of comparing a variety of indicators and assessing the strength of alignment is performed for the trader by the Adaptive Entry System.
There are three possible entry signals displayed. A trader may trade all three or customize the settings to choose just a single signal to trade. It is important for any trader incorporating AES into their toolset that they trade in sim / virtual mode for a period of time to confirm they understand how price action responds to the signals and to personally track the performance of each. A good trading system still requires due diligence on the part of the trader to confirm understanding of how the system performs.
Entry Signal #1 Description:
Trend Bias Plus Signal is intended to provide traders with an early view of the probable directional bias of the stock, index, or futures being traded. Trend Bias was designed to recognize the probability of the early stages of the strongest segment of a wave pattern. Recognizing the probable bias of the trend at an early stage and also having an indication of when that trend may be ending offers traders an opportunity to enhance their ability to optimally benefit from the trend.
How to Read the Trend Bias Plus Signal:
The Trend Bias Plus Signal is displayed as a simple to recognize color coding of the price bars. Blue price bars indicate a probable rising price bias. Red price bars indicate a probable declining price bias. White bars indicate a neutral period with no clear directional bias.
How to Trade the Trend Bias Plus Signal:
The Trend Bias Plus Signal is simple to interpret. When a price bar closes blue and the next price bar opens blue, this signals to the trader to open an upward bias position. Buy-to-open a call option, buy the stock, or open a long futures position. When a price bar closes red and the next price bar opens red, this signals to the trader to open a downward bias position. Buy-to-open a put option, short the stock or close a long stock position, or open a short futures position.
When holding a short or long position based on the Trend Bias Plus, there are a variety of exit methods which a trader can use including stops, limit price orders with fixed profit targets, or trail stops. Regardless, the end of a Trend Bias Plus cycle is indicated when a new price bar opens white. This is evidence that the current rising or declining trend is shifting to a neutral state. A trend may also be viewed as having ended when an opposite color bar prints at the open of a new price bar.
Entry Signal #2 Description:
The Momentum Signal is a near term indication of a probable retracement of the current trend. It identifies a temporary reversal of an overarching trend in a stock's price. Retracements are short-term periods of movement against a trend, followed by a return to the previous trend. Momentum signals are usually counter-trend trades identifying that part of the wave sequence where price temporarily moves opposite the direction of the trend. The momentum signal can be an opportunity for traders to take advantage of the natural pattern of trend - retracements - continuation.
How to Read the Momentum Signal:
The Momentum signal is displayed as a vertical color highlight on the price bar with a “M” label inside a directional indicator box. A red vertical highlight with an arrow box and “M” label pointing lower is a signal that the near term price movement may be downward bias. For an upward bias price movement signal, the Momentum indicator will display a green highlight across the price bar with an arrow box and “M” label pointing higher.
How to Trade the Momentum Signal:
When the highlighted directional labeled box prints at the open of a new price bar, take the trade based on the directional bias displayed. Momentum signals are generally counter trend indicators so a downward bias red bar, prompting the trader to go short may print on a long bias blue Trend Bias Plus price bar. This should not be viewed as a conflict but instead as a probable indication of a short term retracement following the natural sequence of cycles in price movement.
Momentum signals may be traded using stocks, options, or futures.
Entry Signal #3 Description:
The Consensus Signal is an indication that price action may be resuming in the direction of the primary trend.
How to Read the Consensus Signal:
The Consensus Signal is displayed as a vertical color highlight on the price bar with a “C” label inside a directional indicator box. A red vertical highlight and an arrow box with a “C” label pointing lower is a signal that the price movement may be resuming a downward bias trend or strengthening a conviction to the current trend. For an upward bias price movement signal, the Consensus indicator will display a green highlight across the price bar and an arrow box with a “C” label pointing higher. This is a signal that the retracement off of the trend may be concluding and/or a strengthening of a conviction to the current trend.
How to Trade the Consensus Signal:
When the highlighted directional labeled box prints at the open of a new price bar, take the trade based on the directional bias displayed. Consensus signals are generally most productive when traded aligned with the trend, as displayed by the Trend Bias Plus price bar color or when a white bar indicates a neutral state of the price trend. Counter trend trades using the Consensus Signal are not advised and considered to be less productive / higher risk.
Consensus signals may be traded using stocks, options, or futures.
Some General Rules:
Trade signals are only considered valid when they display at the open of a new price bar.
The signals can be traded on different timeframe charts from short term 3 minute charts to longer timeframe daily charts.
The signals are designed to be a generic indication of probable price movement and as such, can be used effectively for trading futures, stocks, options on stocks, options on ETFs, and options on cash settled indexes.
AES offers traders an opportunity to optimize performance from the natural cycles of the market….trend - retracement - continuation.
AES offers an opportunity for traders to have a clear entry / exit criteria. However, it is still imperative that each trader understands the trading strategy they intend to use and the risks and opportunities associated with that strategy. It is highly advised, regardless of the system or strategies being used, that a trader validates their understanding of the system/strategy by trading in a simulated, paper account format to self test the system and personal ability to trade it successfully.
Next Bar Alert:
Included is an optional "Next Bar Alert" setting. Since many of these signals benefit from very prompt action at the beginning of a price bar, there is an additional option in Settings to set an arbitrary number of seconds to be alerted before the next price bar opens. Simply set this to a level you prefer, then set an alert in TradingView on the indicator using the "Next Bar Alert" alert parameter.
Summary:
The color highlight indicator allows the trader to be 100% certain that the rules/criteria for confirming a valid entry were met at the open of the price bar. This feature, along with the alert settings in Trading View, provide clear confirmation of the timing and print of the signal as either valid or not.
Adaptive Entry System has been designed to help traders of all skill levels to trade the natural sequence of patterns in price action using a simple to recognize, single signal entry/exit format. The natural cycle of trend (Trend Bias Plus), then retracement (Momentum), followed by a continuation of the original trend (Consensus) can be identified within this system and offers traders a simple signal to take advantage of each phase in the cycle. Stock investors, options traders, and futures traders can benefit from the simple design of the AES on a variety of time frames.
Trend Bias Plus signals on NASDAQ:TSLA Daily chart:
Trend Bias Plus signals on NASDAQ:AMZN Daily chart:
Session Trader2This is the second version of our work on developing signals for day trading stock index futures. In addition to finding signals that trade with the trend this script also looks for key reversal points during the day so that traders can now trade both ways. The signals are designed to operate on an intraday basis and have holding periods of 30 minutes or less. The script uses price action only as its signal generation trades rather than relying upon lagging indicator data. For info on how to obtain this scrip please see our signature file or message us directly on TV. We would be happy to show you.
Quarters, halves and roundiesThis indicator shows the quarters (25/75), halves (50) and roundies (00) between an upper and lower limit.
It is often used for futures ( CME_MINI:NQ1! or CME_MINI:ES1! ).
You can switch on/off the quarters (25/75) and choose a color for the lines.
Feel free to comment below if you like it, what you need to be improved or changed or whatever variations you wish!
PpSignal RSI Haiken ashiPpSignal rsi Heiken Ashi is rsi smooth by elder formula and Heiken Ashi calculation.
Buy when the price is above on the RSI offset line (yellow).
Sell when the price is bellowed of RSI offset line (yellow).
for best results use the chart in bars style and turn on the bar color.
