MTF SuperTrends Nexus [DarkWaveAlgo]🧾 Description:
A nexus is a connection, link, or neuronal junction where signals and information are transmitted between different elements.
The MTF SuperTrends Nexus indicator serves as a nexus between MTF SuperTrends by facilitating the visualization of up to eight multi-timeframe SuperTrends, each with its own customizable timeframe, period, factor, and coloring customization. By combining these various SuperTrends, it helps you create a comprehensive view of MTF trend dynamics and cross-timeframe confluence according to the SuperTrend indicator.
It acts as a utility/control center that brings together multiple MTF SuperTrends and allows you to visualize the interactions between them with exceptional ease-of-use and customizability, helping to provide you with valuable insights into potential trend reversals, momentum shifts, and trading opportunities.
💡 Originality and Usefulness:
While there are other multi-timeframe SuperTrend indicators available, MTF SuperTrends Nexus' semi-transparent fills create a compounding opaqueness when SuperTrends from multiple timeframes coalesce - making visual assessment of cross-timeframe confluence extremely easy. We also believe it stands above the rest with its sheer quantity and quality of settings, features, and usability.
✔️ Re-Published to Avoid Misleading Values
This script has been re-published to ensure that it does not use `request.security()` calls using lookahead_on to access future data when referencing SuperTrend calculations from other timeframes. This decreases the likelihood that the indicator will provide deceiving values. This change has been made in accordance with the PineScript documentation: "Using barmerge.lookahead_on at timeframes higher than the chart's without offsetting the `expression` argument like in `close [ ]` will introduce future leak in scripts, as the function will then return the `close` price before it is actually known in the current context" and the Publishing Rule: "Do not use `request.security()` calls using lookahead to access future data". Historical and real-time values may differ when referencing timeframes other than the chart's.
💠 Features:
8 toggleable MTF SuperTrends with customizable timeframes, periods, and factors
Compounding filled areas for easy MTF SuperTrend confluence analysis
Aesthetic and flexible coloring and color theme styling options
End-of chart labels and options for ease-of-use and legibility
⚙️ Settings:
Use a Color Theme: When this setting is enabled, all manual 'Bullish and Bearish Colors' are overridden. All plots will use the colors from your selected Color Theme - excepting those plots set to use the 'Single Color' coloring method.
Color Theme: When 'Use a Color Theme' is enabled, this setting allows you to select the color theme you wish to use.
Fill SuperTrend Areas: When enabled, the area between any MTF SuperTrend and the price bars will be filled with semi-transparent coloring.
Hide SuperTrends on Timeframes Lower Than the Chart: When this setting is enabled, any MTF SuperTrend with a timeframe smaller than that of the chart the indicator is applied to will be hidden from view.
Enable: Show/hide a specific MTF SuperTrend.
Timeframe: Set the timeframe for a specific MTF SuperTrend.
Period: Set the lookback period for a specific MTF SuperTrend.
Factor: Set the multiplier factor used for a specific MTF SuperTrend's calculation.
Bullish Color: When 'Use a Color Theme' is disabled, this will set the 'bullish color' for this specific MTF SuperTrend.
Bearish Color: When 'Use a Color Theme' is disabled, this will set the 'bearish color' for this specific MTF SuperTrend.
Enable Label: When enabled, a label will show at the end of the chart displaying the timeframe, period, factor, and current price value of this specific MTF SuperTrend.
Size: Sets the font size of this specific MTF SuperTrend's label.
Label Offset (in Bars): Sets the distance from the latest bar, in bars, at which this specific MTF SuperTrend's label is displayed.
Show Label Line: When enabled, this specific MTF SuperTrend's label will be accommodated by a dashed line connecting it to its plot.
📈 Chart:
The chart shown in this original publication displays the 5 minute chart on BTCUSDT. Displayed on the chart are 6 MTF SuperTrends: the 5m 50-period/3-factor SuperTrend, 15m 50-period/3-factor SuperTrend, 30m 50-period/3-factor SuperTrend, 1h 50-period/3-factor SuperTrend, 4h 50-period/3-factor SuperTrend, and the 1D 25-period/1.5-factor SuperTrend - offering an exemplary view of how you can easily use these MTF SuperTrends to your advantage in analyzing SuperTrend relationships across multiple timeframes.
Mtfanalysis
MTF MAs and Crosses Nexus [DarkWaveAlgo]🧾 Description:
A nexus is a connection, link, or neuronal junction where signals and information are transmitted between different elements.
The MTF MAs and Crosses Nexus indicator serves as a nexus between MTF Moving Averages by facilitating the visualization and interaction of up to eight multi-timeframe moving averages, each with its own customizable timeframe, period, cross-over and cross-under alerts and plot markers, moving average calculation type, and price source.
It acts as a utility/control center that brings together multiple MTF moving averages (MTF MAs) and allows you to visualize the interactions between them with exceptional ease-of-use and customizability, helping to provide you with valuable insights into potential trend reversals, momentum shifts, and trading opportunities.
💡 Originality and Usefulness:
While there are other multi-timeframe moving average indicators available, MTF MAs and Crosses Nexus' customizable alert and signal settings offer intra-indicator MTF moving average cross markers and alerts not seen in other MTF MA indicators, allowing you to visualize the cross-over and cross-under relationships between the indicator's MAs with an 'all-in-one' experience. We also believe it stands above the rest with its sheer quantity and quality of settings, features, and usability.
✔️ Re-Published to Avoid Misleading Values
This script has been re-published to ensure that it does not use `request.security()` calls using lookahead_on to access future data when referencing moving averages from other timeframes. This decreases the likelihood that the indicator will provide deceiving values. This change has been made in accordance with the PineScript documentation: "Using barmerge.lookahead_on at timeframes higher than the chart's without offsetting the `expression` argument like in `close ` will introduce future leak in scripts, as the function will then return the `close` price before it is actually known in the current context" and the Publishing Rule: "Do not use `request.security()` calls using lookahead to access future data".
💠 Features:
8 toggleable MTF Moving Averages with customizable timeframes, periods, moving average calculation types, and price sources
Customizable cross-over and cross-under alert and chart signal options for each MTF MA (toggleable cross alerts and signals for crosses between intra-indicator MAs and bar price values)
Aesthetic and flexible coloring and color theme styling options
End-of chart labels and options for ease-of-use and legibility
⚙️ Settings:
Use a Color Theme: When this setting is enabled, all manual 'Bullish and Bearish Colors' are overridden. All plots will use the colors from your selected Color Theme - excepting those plots set to use the 'Single Color' coloring method.
Color Theme: When 'Use a Color Theme' is enabled, this setting allows you to select the color theme you wish to use.
Hide MAs on Timeframes Lower Than the Chart: When this setting is enabled, any MTF MA with a timeframe smaller than that of the chart the indicator is applied to will be hidden from view.
Enable: Show/hide a specific MTF MA.
Timeframe: Set the timeframe for a specific MTF MA.
Period: Set the lookback period for a specific MTF MA.
Type: Set the calculation type for a specific MTF MA. Options include: Exponential, Simple, Weighted, Volume-Weighted, and Hull.
Source Price: Set the source value used for a specific MTF MA's calculation.
Enable Cross Over Signals & Alerts: When enabled, cross-over chart signals (markers) and alerts are enabled for when this specific MTF MA crosses above its respective 'Cross Over Cross Source'.
Enable Cross Under Signals & Alerts: When enabled, cross-under chart signals (markers) and alerts are enabled for when this specific MTF MA crosses below its respective 'Cross Under Cross Source'.
Cross Source: Set the target plot which this specific MTF MA must cross (for either a cross-over or cross-under event) to trigger a chart signal and alert.
Marker Position: Set the position where this specific MTF MA's cross chart signal should appear. Options include: Above Bar, Below Bar, and On MA Line.
Coloring Method: Set the coloring method for this specific MA. The coloring method defines how the MA should be dynamically colored. Options include: Single Color, Increasing/Decreasing, and Over/Under Price.
Bullish Color: When 'Use a Color Theme' is disabled, this will set the 'bullish color' for this specific MTF MA.
Bearish Color: When 'Use a Color Theme' is disabled, this will set the 'bearish color' for this specific MTF MA.
Single Color: When the 'Coloring Method' is set to Single Color for this specific MA, this color option will set the MA's color.
Enable Label: When enabled, a label will show at the end of the chart displaying the timeframe, period, MA type, and current price value of this specific MTF MA.
Size: Sets the font size of this specific MTF MA's label.
Label Offset (in Bars): Sets the distance from the latest bar, in bars, at which this specific MTF MA's label is displayed.
Show Label Line: When enabled, this specific MTF MA's label will be accommodated by a dashed line connecting it to its plot.
📈 Chart:
The chart shown in this original publication displays the 15 minute chart on BTCUSDT. Displayed on the chart are 4 MTF MAs: the 15m 20 WMA, 30m 100 EMA, 1h 11 EMA, and 1D 7 VWMA - offering an exemplary view of how you can use these MTF MAs and crosses to your advantage in gauging trend relationships across multiple timeframes.
MTF Fusion - S/R Trendlines [TradingIndicators]MTF Fusion S/R Trendlines intelligently adapt to whatever timeframe you're trading - dynamically calculating support and resistance trendline levels combined from four appropriate higher timeframes to give you a much broader view of the market and an edge in your trading decisions.
These trendlines are not programmed to repaint - so you can use them in real-time just as they appeared historically.
What is MTF Fusion?
Multi-Timeframe (MTF) Fusion is the process of combining calculations from multiple timeframes higher than the chart's into one 'fused' value or indicator. It is based on the idea that integrating data from higher timeframes can help us to better identify short-term trading opportunities within the context of long-term market trends.
How does it work?
Let's use the context of this indicator, which calculates S/R Trendlines, as an example to explain how MTF Fusion works and how you can perform it yourself.
Step 1: Selecting Higher Timeframes
The first step is to determine the appropriate higher timeframes to use for the fusion calculation. These timeframes should typically be chosen based on their ability to provide meaningful price levels and action which actively affect the price action of the smaller timeframe you're focused on. For example, if you are trading the 5 minute chart, you might select the 15 minute, 30 minute, and hourly timeframe as the higher timeframes you want to fuse in order to give you a more holistic view of the trends and action affecting you on the 5 minute. In this indicator, four higher timeframes are automatically selected depending on the timeframe of the chart it is applied to.
Step 2: Gathering Data and Calculations
Once the higher timeframes are identified, the next step is to calculate the data from these higher timeframes that will be used to calculate your fused values. In this indicator, for example, the values of support and resistance trendlines are calculated for all four higher timeframes.
Step 3: Fusing the Values From Higher Timeframes
The next step is to actually combine the values from these higher timeframes to obtain your 'fused' indicator values. The simplest approach to this is to simply average them. If you have calculated the value of a support trendline from three higher timeframes, you can, for example, calculate your 'multi-timeframe fused trendline' as (HigherTF_Support_Trendline_1 + HigherTF_Support_Trendline_2 + HigherTF_Support_Trendline_3) / 3.0.
Step 4: Visualization and Interpretation
Once the calculations are complete, the resulting fused indicator values are plotted on the chart. These values reflect the fusion of data from the multiple higher timeframes, giving a broader perspective on the market's behavior and potentially valuable insights without the need to manually consider values from each higher timeframe yourself.
What makes this script unique? Why is it closed source?
While the process described above is fairly unique and sounds simple, the truly important key lies in determining which higher timeframes to fuse together, and how to weight their values when calculating the fused end result in such a way that best leverages their relationship for useful TA.
This MTF Fusion indicator employs a smart, adaptive algorithm which automatically selects appropriate higher timeframes to use in fusion calculations depending on the timeframe of the chart it is applied to. It also uses a dynamic algorithm to adjust and weight the lookbacks used for trendline calculations depending on each higher timeframe's relationship to the chart timeframe. These algorithms are based on extensive testing and are the reason behind this script's closed source status.
Included Features
Fusion Support and Resistance Trendlines
Dynamic Multi-Timeframe Trendlines
Breakaway Zone fills to highlight breakouts and breakdowns from the Fusion trendlines
Customizable lookback approach
Pre-built color stylings
Options
Fusion View: Show/hide the Fusion trendlines calculated from multiple higher timeframes
MTF View: Show/hide the trendlines from multiple higher timeframes used to calculate the Fusion trendlines
Breakaway Zones: Show/hide the fill for zones where price breaks away from the Fusion trendlines
Lookback: Select how you want your trendlines to be calculated (longer = long-term trendlines, shorter = short-term trendlines)
Pre-Built Color Styles: Use a pre-built color styling (uncheck to use your own colors)
Manual Color Styles: When pre-built color styles are disabled, use these color inputs to define your own
Ichimoku Z-Score Stochastic Oscillator with Kumo Depth Analysis---
Ichimoku Z-Score Stochastic Oscillator with Kumo Depth Analysis
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Script Overview
Welcome to the Advanced Ichimoku Z-Score Stochastic Oscillator with Kumo Depth Analysis. This unique strategy is designed to provide a comprehensive, multi-timeframe trading view by leveraging the Ichimoku Cloud, Z-Score, Stochastic Oscillator, and an innovative implied volatility measure – the Kumo Depth. By integrating these powerful tools into one script, traders can make more informed decisions by considering trend strength, volatility, and volume in one holistic view.
Rationale & Strategy
The script was created with the rationale that trading decisions should not only be based on price action and volume, but also on market trend strength and implied volatility. The script integrates these various elements:
The Ichimoku Cloud, a versatile indicator that provides support and resistance levels, trend direction, and momentum all at once.
The Z-Score, a statistical measurement of a value's relationship to the mean (average) of a group of values.
The Stochastic Oscillator, a momentum indicator that uses support and resistance levels to determine probable trend reversals.
The Kumo Depth Analysis, an innovative measure of implied volatility and market trend strength derived from the thickness of the Ichimoku Cloud.
How It Works
This script works by providing visual buy and sell signals based on the confluence of the aforementioned tools.
Ichimoku Cloud and Z-Score: The script first calculates the Ichimoku Cloud lines for both a higher and lower timeframe and measures how much current prices deviate from the cloud using Z-Score.
Stochastic Oscillator: This Z-Score is then inputted into a Stochastic Oscillator, thus giving the oscillator a more normalized range.
Kumo Depth Analysis: Simultaneously, the thickness of the Ichimoku Cloud (Kumo) is calculated as an implied volatility indicator. This depth is normalized and used as a filter to ensure we are trading in a market with substantial trend strength.
Signals: Buy and sell signals are triggered based on the crossover and crossunder of the Stochastic Oscillator lines. Signals are then filtered based on their location relative to the Ichimoku Cloud (price should be above the cloud for buy signals and below for sell signals) and the normalized Kumo Depth.
How to Use
Signal Types: The script provides both strong and weak signals. Strong signals are accompanied by high volume, while weak signals are not. Strong buy signals are indicated with a green triangle at the top, strong sell signals with a red triangle at the bottom. Weak signals are shown as blue and yellow circles, respectively.
Trend Strength: The trend strength is shown by the normalized Kumo Depth. The greater the Kumo Depth, the stronger the trend.
Timeframes: You can customize the timeframes used for the calculations in the input settings.
Adjustments: Users can adjust parameters such as the Ichimoku settings, Stochastic Oscillator settings, timeframes, and Kumo Depth settings to suit their trading style and the characteristics of the asset they are trading.
This script is a complete trading strategy tool providing multi-timeframe, trend-following, and volume-based signals. It's best suited for traders who understand the concepts of trend trading, stochastic oscillators, and volatility measures and want to incorporate them all into one powerful, comprehensive trading strategy.
Liquidity Engulfing & Displacement [MsF]Japanese below / 日本語説明は英文の後にあります。
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*This indicator is based on upslidedown's "Liquidity Engulfing Candles ". It's a very cool indicator. thank you.
It has 2 functions: show the Liquidity Engulfing on HTF and candle color change when displacement occurs.
=== Function description ===
1. Liquidity Engulfing on HTF
This indicator gives Liquidity Engulfing signals not only for the current candle, but also for H4 and H1 on HTF.
You can use that a bullish engulfing on H1 is a BOS on m5 and on H4 is a BOS on m15. It uses the theory of stop hunt from ICT.
Also, It's possible to fire alert.
2. Displacement
Change the color display of the candlesticks when a bullish candleStick or bearish candleStick is attached. Furthermore, by enabling the "Require FVG" option, you can easily discover the FVG (Fair Value Gap). It is a very useful function for ICT trading.
When H1 candle takes liquidity from one side and moves with an explosive move to the other side of the previous candle (displacement), it creates break of market structure on M5. Entry on discount FVG or OTE with stop loss at or below the stop hunt wick.
=== Parameter description ===
- Liquidity engulfing candles(LEC) SETTING
- Show H1 LEC … Whether to show LEC for H1
- Show H4 LEC … Whether to show LEC for H4
- Show Current LEC … Whether to show LEC for current timeframe
- Apply Stop Hunt Wick Filter … Require candle wick into prior candle retracement zone
- Apply Close Filter … Require LL/HH on candle in order to print a valid engulfing signal
- DISPLACEMENT SETTING
- Require FVG … Draw only when FVG occurs
- Displacement Type … Displacement from open to close? or from high to low?
- Displacement Length … Period over which to calculate the standard deviation
- Displacement Strength … The larger the number, the stronger the displacement detected
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2つの機能があります: 上位足のLiquidity engulfing（流動性獲得）を表示することと、大きな変位が発生したときにローソク足の色を変更することです。
=== 機能説明 ===
1. 上位足のLiquidity engulfing
このインジケーターは、現在のローソク足だけでなく、上位足の H4 および H1 に対してもLiquidity engulfingシグナルを提供します。
H1はm5、H4はm15での使用を推奨します。これはICTのストップハント理論を活用しています。また、アラートを発することも可能です。
2. 変位（DISPLACEMENT）
大きな陽線、陰線を付けた場合に、そのローソク足をカラー表示を変更します。
さらに"Require FVG"オプションを有効にすることで、FVG（Fair Value Gap）を容易に発見することができます。ICTトレードにを行うにあたり大変有用な機能となっています。
=== パラメータの説明 ===
- Liquidity engulfing candles(LEC) SETTING
- Show H1 LEC … H1のLECを表示するかどうか
- Show H4 LEC … H4のLECを表示するかどうか
- Show Current LEC … 現在の期間の LEC を表示するかどうか
- Apply Stop Hunt Wick Filter … ハラミ足、もしくは包み足になっている場合のみに検知させる
- Apply Close Filter … １つ前のローソクよりも終値で超えていた場合のみに検知させる
- DISPLACEMENT SETTING
- Require FVG … FVG発生時のみ描画する
- Displacement Type … openからcloseまでの変位か？highからlowまでの変位か？
- Displacement Length … 標準偏差を計算する期間
- Displacement Strength … 変位の強さ（数字が大きいほど強い変位を検出）
Normalized Elastic Volume Oscillator (MTF)The Multi-Timeframe Normalized Elastic Volume Oscillator combines volume analysis with multiple timeframe analysis. It provides traders with valuable insights into volume dynamics across different timeframes, helping to identify trends, potential reversals, and overbought/oversold conditions.
When using the Multi-Timeframe Normalized Elastic Volume Oscillator, consider the following guidelines:
Understanding Input Parameters : The indicator offers customizable input parameters to suit your trading preferences. You can adjust the EMA length (emaLength), scaling factor (scalingFactor), volume weighting option (volumeWeighting), and select a higher timeframe for analysis (higherTF). Experiment with these parameters to optimize the indicator for your trading strategy.
Multiple Timeframe Analysis : The Multi-Timeframe Normalized Elastic Volume Oscillator allows you to analyze volume dynamics on both the current timeframe and a higher timeframe. By comparing volume behavior across different timeframes, you gain a broader perspective on market trends and the strength of volume deviations. The higher timeframe analysis provides additional confirmation and helps identify more significant market shifts.
Normalized Values : The indicator normalizes the volume deviations on both timeframes to a consistent scale between -0.25 and 0.75. This normalization makes it easier to compare and interpret the oscillator's readings across different assets and timeframes. Positive values indicate bullish volume behavior, while negative values suggest bearish volume behavior.
Interpreting the Indicator : Pay attention to the position of the Multi-Timeframe Normalized Elastic Volume Oscillator lines relative to the zero line on both timeframes. Positive values on either timeframe indicate a bullish bias, while negative values suggest a bearish bias. The distance of the oscillator from the zero line reflects the strength of the volume deviation. Extreme readings, both positive and negative, may indicate overbought or oversold conditions, potentially signaling a trend reversal or exhaustion.
Combining with Other Indicators : For more robust trading decisions, consider combining the Multi-Timeframe Normalized Elastic Volume Oscillator with other technical analysis tools. This could include trend indicators, support/resistance levels, or candlestick patterns. By incorporating multiple indicators, you gain additional confirmation and increase the reliability of your trading signals.
Remember that the Multi-Timeframe Normalized Elastic Volume Oscillator is a valuable tool, but it should not be used in isolation. Consider other factors such as price action, market context, and fundamental analysis to make well-informed trading decisions. Additionally, practice proper risk management and exercise caution when executing trades.
By utilizing the Multi-Timeframe Normalized Elastic Volume Oscillator, you gain a comprehensive view of volume dynamics across different timeframes. This knowledge can help you identify potential market trends, confirm trading signals, and improve the timing of your trades.
Take time to familiarize yourself with the indicator and conduct thorough testing on historical data. This will help you gain confidence in its effectiveness and align it with your trading strategy. With experience and continuous evaluation, you can harness the power of the Multi-Timeframe Normalized Elastic Volume Oscillator to make informed trading decisions.
RSI MTF DashboardThis is an RSI dashboard, which allows you to see the current RSI value for five timeframes across up to 8 tickers of your choice. This is a useful tool to gauge momentum across multiple timeframes, where you would look to enter a buy with high RSI values across the timeframes (and vice versa for sell positions).
Conversely, some traders use RSI to identify potential areas for reversals, so you would look to buy with low RSI values (and vice versa for sell positions).
In the settings, please select which 5 timeframes you require. Then select which tickers you wish to see, and you will find a dashboard on your chart to show the RSI values. The dashboard can be highlighted when the RSI value shows bearish momentum (a value under 50, of your choice) and bullish momentum (a value over 50, again of your choice). These colours and values are fully customisable.
In the settings you can also select the location of the dashboard, as well as some colour and transparency settings to enable the best possible view on screen.
Master Pattern ScreenerMaster Pattern Screener
This is an indicator based on the concept known as the Forex Master Pattern, which contains three phases. The contraction, expansion, and trend phases This indicator, based on your current timeframe, finds out if there is a contraction on 10 symbols that you can customize to suit your needs.
How does it work?
The indicator is a table, and it finds 10 different symbols on the current timeframe that you have selected. Then it does volume and volatility calculations to determine if a contraction is occurring, which is the first phase and probably the most important phase in the FOREX MASTER PATTERN .
This indicator is meant to be used in conjunction with our contraction plotter. We would have placed this indicator in the contraction and expansion plotter, but there were memory limitation issues, so we placed it in a separate indicator.
How traders can use this indicator
The contraction phase is extremely important because once a contraction is occurring, what always happens is an expansion. Some traders will avoid placing trades in the contraction phase, while others will enter to use the momentum for their trades. This indicator just makes it more convenient to identify the contraction phases.
Examples of the indicator:
Things you should know
The symbols can be customized to whatever you want. You can choose your own stocks, cryptocurrencies, currencies, etc.
Make sure that it's exactly the same; if you use, for example, BTCUSDT Coinbase but check on BTCUSDT Binance, then it may show inaccurate results.
Since this script involves a decent amount of calculations, it may not work properly in low timeframes, like anything less than a minute.
MTF Candle [Pt]The Multi-Timeframe (MTF) Candle Tool is a powerful indicator designed for traders who wish to analyze standard candle bars and Heikin Ashi candles of multiple timeframes simultaneously. This tool is ideal for traders who prefer to trade in higher timeframes while keeping a close eye on the lower timeframes for confirmation signals. The indicator works by overlaying standard candle bars or Heikin Ashi candles of a higher timeframe onto the current chart. This allows traders to quickly switch between the current timeframe and the higher timeframe, without having to switch charts.
Features
- Live, real time updating MTF candle
- Custom colors
- Heikin Ashi candle
- Heikin Ashi Inside bar highlight
Jerry J8 30-123 Spy Dashboard ProPlease watch the J8 Scalping Tutorial Video below for a walkthrough on how these indicators work.
This script is used in conjunction with Jerry J8 30-123 SPY Scalping PRO” Indicator(which creates the buy and sell orders as a strategy). The Dashboard shows the 4 main criteria statuses from the strategy. I find the dashboard makes scalping the SPY much easier.
This study project is designed for scalping options that expire daily with bull put and bear call credit spreads on a 3 minute chart. The name 30_123 is a reference to 4 main criteria being met to give a green light for a potential trade. The criteria:
* 30 = 30 minute trend
* 1 = 3 minute trend
* 2 = Moving average criteria
* 3 = RSI criteria
4 = Secondary trend. Bonus if in sync but not a requirement.
* The strategy also utilizes momentum as a criteria but this is not shown on the dashboard.
This indicator is designed to trade options that expire daily including the SPY, IWM, QQQ, and NDX. However, it can be used with multiple symbols on a 3 minute chart.
When the 30_123 conditions are all green with all criteria are met a bull signal is created.
When the 30_123 conditions are all red with all criteria are met a bear signal is created.
This study is the dashboard that is designed to show how the main J8 strategy indicator is working and it shows which criteria have been met. Additionally there are multiple user INPUTS that you can adjust for the 4 main criteria plus inputs to help you with your credit spread criteria.
For example, if the SPY is at 400 we could have an order to sell a BULL PUT CREDIT SPREAD and I would likely sell the 398p and buy the 397p; The 398p delta would be approximately -.2. The spread position profits with any close over 398 and/or can be closed early with a bullish price move. IMPORTANT: If the SPY closed the day at $399 on the chart it would look like a loss based on the buy and sell orders but the spread would be a full profit since the close was above 398.
---- IRON CONDOR
For the SPY ticker only an iron condor label is generated when the SPY is trading sideways and meets specified criteria. When the criteria is met the Iron Condor label appears and it provides a recommendation for what option to buy and sell. The iron condor recommendations can be adjusted with user inputs.
This Indicator dashboard shows the criteria labels and colors the criteria as green if bullish and red if bearish. When the criteria are not met the dashboard shows “NO CLEAR SIGNAL”. There is also a label that shows whether you are looking for bullish or bearish positions based on the 30 minute trend.
The chart shown on the indicator is the RSI and for this indicator an RSI over 50 is bullish and under 50 is bearish. The line color shows the RSI trend. RSI OB (overbought) and OS (oversold) areas are shaded. The RSI can remain in an OB or OS state for a prolonged period and while some people use OB and OS as a reversal signal I use it as a strong trend indication and recognize it will not last forever. You can SET the OB and OS levels with inputs.
---- USER INPUTS
Paint Bars: Turns on/off the candle coloring. Default is OFF.
Iron Condor Settings: Defaults are what I use and can be used as a guide.
Criteria: Trend, moving averages, and RSI settings can all be adjusted.
---- SETUP & HINTS
Add "Jerry J8 30-123 SPY Scalping PRO” indicator to show bull and bear signals
Add "Jerry J8 MACD Optimal Entry Zone” indicator to show best MACD range for entry
I also like to add "Jerry Momentum Dream" indicator to see the momentum
With this indicator we’re looking for the 30, 1, 2, and 3 criteria to be met which increases our likelihood of success. IMPORTANT. Never automatically enter a position without reviewing the other indicators and drawing your own conclusions. You want to choose the entries that are the most appealing to you that take into account volume, time of day, and risk/reward. Positions should be closed based on your risk/reward goals.
Indicators are not a magic pill and should be used to support trading decisions, not to make them for you. Past performance is not a guarantee of future returns. The results of individual stocks/indexes with any strategy do not constitute proof they will repeat in the future.
DISCLAIMER: The information contained in our scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. Trading and investing in the stock market and cryptocurrencies involves substantial risk of loss and is not suitable for every investor. I’m NOT a financial adviser. All trading strategies are used at your own risk.
Please Use the AUTHOR’s INSTRUCTIONS link below for more information.
NOTE: The PERFORMANCE SUMMARY below does not accurately reflect the trading strategy because the entry orders generated in the strategy are based on the stock price and our actual order is a credit spread that is profitable even if the price moves against us a little bit. What could show as a loss in the strategy could be a profit in the credit spread.
Jerry J8 30-123 SPY Scalping PROPlease watch the J8 Scalping Tutorial Video below for a walkthrough on how these indicators work.
---- STRATEGY
This study project is designed for scalping options that expire daily with bull put and bear call credit spreads on a 3 minute chart. The name 30_123 is a reference to 4 main criteria being met to give a green light for a potential trade. The 4 main criteria:
*30 = 30 minute trend
*1 = 3 minute trend
*2 = Moving average criteria
*3 = RSI criteria
4 = Secondary trend. Bonus if in sync but not a requirement.
* The strategy also utilizes momentum as a criteria.
This indicator is designed to trade options that expire daily including the SPY, IWM, QQQ, and NDX.
When 30_123 conditions are all green and all criteria are met a bull signal is created.
When 30_123 conditions are all red and criteria are met a bear signal is created.
The bull and bear signals are based on the stock/index price; BUT the actual orders are for option spreads that are normally based on a delta of approximately .15 to .25.
For example, if the SPY is at 400 we could have an order to sell a BULL PUT CREDIT SPREAD and I would likely sell the 398p and buy the 397p; The 398p delta would be approximately -.2. The spread position profits with any close over 398 and/or can be closed early with a bullish price move. IMPORTANT: If the SPY closed the day at $399 on the chart it would look like a loss based on the buy and sell orders but the spread would be a full profit since the close was above 398.
This script is used in conjunction with Jerry J8 30-123 Spy Scalping Dashboard Pro indicator which is the dashboard to give a visual for the 4 main criteria and makes things easier to understand.
---- TRADING TIME FRAME
The default time frame is 10:00 - 15:57 and can be controlled by the user. I do not enter trades in the first 30 minutes since that can be a very volatile period and you can easily configure the indicator and trading time frame based on how you trade.
---- MAJOR USER INPUTS
Paint Bars: Turns on/off the candle coloring for the trend
Exits: Open orders can be closed with 3 different exit criteria and all should be left on. These exits are needed to provide multiple entry signals throughout the day. However, you want to close the spreads based on your own criteria and not on the indicator.
Criteria: Trend, moving averages, RSI settings, and trading time frames can all be adjusted.
---- SETUP & HINTS
Add "Jerry J8 30-123 Spy Scalping Dashboard Pro” indicator to show J8 criteria dashboard
Add "Jerry J8 MACD Optimal Entry Zone” indicator to show best range of entry
I also like to add "Jerry Momentum Dream" indicator to see the momentum
With this indicator we’re looking for the 30, 1, 2, and 3 criteria to be met which increases our likelihood of success. IMPORTANT. Never automatically enter a position without reviewing the other indicators and drawing our own conclusions. You want to choose the entries that are the most appealing to you that take into account volume, time of day, and risk/reward. Positions should be closed based on your risk/reward goals.
Indicators are not a magic pill and should be used to support trading decisions, not to make them for you. Past performance is not a guarantee of future returns. The results of individual stocks/indexes with any strategy do not constitute proof they will repeat in the future.
DISCLAIMER: The information contained in our scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. Trading and investing in the stock market and cryptocurrencies involves substantial risk of loss and is not suitable for every investor. I’m NOT a financial adviser. All trading strategies are used at your own risk.
Please Use the AUTHOR’s INSTRUCTIONS link below for more information.
NOTE: The PERFORMANCE SUMMARY below does not accurately reflect the trading strategy because the entry orders generated in the strategy are based on the stock price and our actual order is a credit spread that is profitable even if the price moves against us a little bit. What could show as a loss in the strategy could be a profit in the credit spread.
TMO ScalperTMO - (T)rue (M)omentum (O)scillator) MTF Scalper Version
TMO Scalper is a special custom version of the popular TMO Oscillator. Scalper version was designed specifically for the lower time frames (1-5min intraday scalps). This version prints in the signals directly on top of the oscillator only when the higher aggregations are aligned with the current aggregation (the big wheels must be spinning in order for a small wheel to spin). The scalper consist of three MTF TMO oscillators. First one is the one that plot signals (should be the fastest aggregation), second serves as a short term trend gauge (good rule of thumb is to us 2-5x of the chart time frame or the first aggregation). The third one (optional) is shaded in the background & should only serve as a trend gauge for the day (usually higher time frames 30min+).
Time Frames Preffered by Traders:
1. 1m / 5m / 30m - This one is perfect for catching the fastest moves. However, during choppy days the 1min can produce more false signals..
2. 2m / 10m / 30m - Healthy middle, the 2min aggregation nicely smooths out the 1min mess. Short term gauge is turning slowly (10min for a signal to confirm).
3. 3m / 30m / 60m - This TF is awesome for day traders that prefer to take it slow. Obviously, this combination will produce far less signals during the day.
Hope it helps.
MTF TMOTMO - (T)rue (M)omentum (O)scillator) MTF (Higher Aggregation) Version
TMO calculates momentum using the DELTA of price. Giving a much better picture of the trend, reversals & divergences than most momentum oscillators using price. Aside from the regular TMO, this study combines four different TMO aggregations into one indicator for an even better picture of the trend. Once you look deeper into this study you will realize how complex this tool is. This version also produce much more information like crosses, divergences, overbought / oversold signals, higher aggregation fades etc. It is probably not even possible to explain them all, there could easily be an entire e-book about this study.
I have been using this tool for a couple of years now, and this is what i have learned so far:
Favorite Time Frame Variations:
1. 1m / 5m / 30m - Great for intraday futures or options scalps. 30m TMO serves as the overall trend gauge for the day. 5min dictates the longer term intraday moves as well as direction of the 1min. 1min is for the scalps. When the 5min TMO is sloping higher focus should be on 1min buy signals (red to green cross) and vice versa for the 5min agg. sloping down.
2. 5m / 30m / 60m - Also an interesting variation for day trading the 3-5 min charts. Producing more cleaner & beginner-friendly signals that lasts couple of minutes instead of seconds.
3. 120m / Day / 2 Day - For the 30m to 1H or 2H timeframes. Daily & 2 Day dictates the overall trend. 120 min for the signals. Great for a multi-day swings.
4. Day / 2 Day / Week - Good for the daily charts, swing trading analysis as the weekly dictates the overall trend, daily dictates the signals and the 2 day cleans out the daily signals. If the daily & 2 day are not aligned togather, daily signal means nothing. Weekly dictates 2 day - 2 day dictates daily.
5. Week / Month / 3 Month - Same thing as the previous variation but for the weekly charts.
TMO Length:
The default vanilla settings are 14,5,3. Some traders prefer 21,5,3 as the TMO length is litle higher = TMO will potenially last little longer which could teoretically produce less false signals but slower crosses which means signals will lag more behind price. The lower the length, the faster the oscillator oscillates. It is the noice vs. the lag debate. The Length can be changed, but i would not personally touch the other two. Few points up or down on length will not drastically change much. But changes on Calc Length and Smooth Length can produce totally different signals from the original.
Tips & Tricks:
1. Observe
- This is the best tip & trick I can give you. The #1 best way to learn how any study operates is to just observe how it works in certain situations from the past. MTF TMO is not
an exception.
2. The Power of the Higher Aggregation
- The higher aggregation ALWAYS dictates the lower one. Best way to see this? Just 2x the current timeframe aggregation = so on daily chart, plot the daily & two day TMOs and you will notice how the higher agg. smooths out the current agg. The higher the aggregation is, the smoother (but slower) will the TMO turn. The real power kicks in when the 3 or 4 aggregations are aligned togather in one direction.
3. Position of the Higher Aggregation in Relation to the Extremes
- Overbought / oversold signals might not really work on the current aggregation. But pay attention to the higher aggregations in relation to the extremes. Ex: on the daily chart - daily TMO inside the OB / OS extremes might not mean much. But once the higher aggregations such as 3 day or Weekly TMO enters OB/OS zone togather with the daily, this can be a very powerful signal for a TMO reversion to the zeroline.
4. Crosses
- Yes, crosses do work. Personally, I never really focused on them. The thing about the crosses is that it is crucial to pick the right higher aggregation to the combination of the current one that would be reliable but also print enough signals. The closer the cross is to the OB / OS extremes, the more bigger move can occur. Crosses around the zero line can be considered as less quality crosses.
5. Divergences
- TMO can print awesome divergences. The best divergences are on the current aggregation (TMO agg. same as the chart) since the current agg. oscillates fast, it can usually produce lower lows & higher highs faster then any higher aggregations. Easy setup: wait for the higher aggregation to reach the OB / OS extremes and watch the current (chart) aggregation to print a divergence.
6. Three is Enough
- I personally find more than three aggregations messy and hard to read. But there is always the option to turn on the 4th one. Just switch the TMO 4 Main, TMO 4 Signal and TMO 4 Fill in the style settings.
Hope it helps.
VWATR Multi-Timeframe RibbonThis script combines and averages Volume-Weighted Moving Averages in a specific way to make a unique ATR band that expands and retracts based on the volume in the current market.
This indicator allows for viewing up to 4 VWATR Bands on all the major trading timeframes.
This creates support and resistance levels that are fluid enough for traders to use these 4 methods:
- Identify a range to trade between in sideways markets.
- Identify when we are beginning a move(breaking out of the bands and using them as support to trade from).
- During a trend, traders can use higher timeframe VWATR Bands to identify take profits or potential rejection points.
- Identify when a trend may be over(losing the band as support after a breakout).
NOTE: This script will work fine on identifying crypto assets and stocks, but markets with different volume parameters will negatively affect the accuracy of this script.
MTFA - Multi Time Frame Analysis - Moving AveragesThis indicator will help you make better informed trading decisions by showing higher time frame moving averages overlaid on a single chart. You can customise 4 moving averages.
MFTA - Multi Timeframe AnalysisThis indicator plots moving averages from higher timeframes for increasing the probability of a successful trade without using multiple charts for the same ticker.
You can configure the desired higher timeframe (i.e. if you are using a 1 min chart you can plot the 5 Min time frame moving averages).
HTF Candles: 3x Multi-Timeframe Candle Boxes #Pip-Whisperer
- Modify 3 Timeframes to display Candle Boxes over your Chart
- Thats it.
- Enjoy!
- If anyone implements candlestick pattern detection to this before me, please send me link, that would be sick!
Ultimate Custom MTF ScreenerThis indicator will allow you to make your custom TradingView MTF screener without coding. Add it to the chart, select up to 10 instruments, 4 timeframes, and 4 indicators, and the screener will do the rest for you. The indicator will form a lovely table with all values and highlighted signals.
The screener is highly customizable, and you can choose its position on the chart, sorting, order of the columns, and colors for the tables. You can easily change parameters for all supported indicators and their signals.
Currently, there are 21 different custom indicators available. Current list of indicators:
Average Directional Index (ADX) - displaying the value of ADX and checking if it's higher than the threshold
Average True Range (ATR) - showing the value of ATR
Awesome Oscillator (AO) - displaying the value of AO and highlighting positive/negative values.
Bollinger Bands (BB) - showing if the price is above/below/in the channel.
Breakout Pivots - Displaying when the price is below/above the most recent pivot low/high.
Commodity Channel Index (CCI) - shows the last CCI value and highlights overbought/oversold values.
Directional Movement Index (DMI) - Up/Down signal (+DI above or below -DI)
Donchian Channel (DC) - showing if the price is above/below/in the channel.
Heikin Ashi Count (HAC) - What is the current Heikin Ashi candle color and for how long was this color?
Historical Volatility (HV) - Current value of Historical Volatility
Keltner Channel (KC) -showing if the price is above/below/in the channel.
Moving Average Convergence Divergence (MACD) - Up/Down signal (MACD above / below signal)
Moving Average Crossover (MA Cross) - Displaying MA crosses signals (SMA, EMA, WMA, HMA, VWMA, SMMA, DEMA, VWAP supported)
Moving Average Distance (MA DIST) - Displaying distance to the MA (SMA, EMA, WMA, HMA, VWMA, SMMA, DEMA, VWAP supported)
Parabolic Stop and Reverse (PSAR) - Up or Down
Relative Strength Index (RSI) - Displaying the last RSI value and highlighting overbought/oversold values.
Stochastic (STOCH) - Displaying the last Stochastic value and highlighting overbought/oversold values.
Stochastic RSI (STOCH RSI) - Displaying the last Stochastic RSI value and highlighting overbought/oversold values.
SuperTrend - Current state of the SuperTrend.
Trailing Stop-Loss (TSL) - Up or Down
True Strength Index (TSI) - Displaying the last TSI value and highlighting overbought/oversold values.
We're already working on adding a few more supported indicators. If you have any ideas about the indicators you want to see in our screener, contact us, and we'll consider them.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
Multiple Moving Avg MTF TableThis script replaces the other script that was just the SMAs that where in a Multi Time Frame Table as this was a redo of that one and this one is SO MUCH MORE!!!!
Not only does this one do the Simple Moving Avg 5, 10, 20, 50, 120, 200 into a table that shows Current/Hourly/Daily/Weekly/Monthly/Quarterly ( 3M )/ Yearly. It now does Exponential Moving Avg , Weighted Moving Avg , and Volume Weight Moving Avg along with Simple Moving Avg.
I still use this script so that you can quickly capture the values so that short-term, and long-term resistance and support can be determined during market hours. Even better now you can select between SMA / EMA / WMA /or VWMA .
imgur.com
The table will change to the values based on the Choice of the type of Moving Avg and if you change the default values.
Now it will take a little bit for the table to show up, so please be patient. I have tested it with stocks, forex, and crypto.
+ Multi-timeframe Multiple Moving Average LinesThis is a pretty simple script that plots lines for various moving averages (what I think are the most commonly used across all markets) of varying lengths of timeframes of the user's choosing. Timeframes range from 5 minutes up to one month, so regardless if you're a scalper or a swing trader there should be something here for you.
There are 8 lines (that can be turned on/off individually), which may seem like a lot, but if you use two averages and want to display four different timeframes for each, you can do that. The nice thing is that because the lines start plotting from the current bar they won't clutter up the screen. And obviously having moving averages from different timeframes on your chart makes price action more difficult to read (I mean sure, you can make them invisible, but who wants to do that all the time).
For each line there are two labels. One with the moving average type, and the other with its specific timeframe. I can't include the moving average length because it's not a string input. If anyone has a workaround for this, let me know, otherwise I would simply recommend setting different colors depending on the length, or if you only use one or two lengths and one or two moving averages this shouldn't be an issue. I had to use two labels because for the label text I couldn't include more than one string input, this is why there is an input for the 'moving average type label distance.'' You will want to adjust this depending on if you are trading crypto, futures, or forex because in some cases there may still be label overlap.
Pretty much everything else is self-explanatory.
I've added alerts. I might need to modify them if I can, because it would be nice for them to state the name and timeframe of the moving average. But I think this will do for now.
Enjoy!
Heiken Ashi MTF Oracle [JoseMetal]============
ENGLISH
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- Description:
This indicator shows a 3 Multi Time Frame (MTF) Heiken Ashi candlestick oracle.
It shows 3 different lines with changes between bullish and bearish Heiken Ashi candlesticks for 3 automatic or custom timeframes.
It has alerts for LONG and SHORT (when all timeframes agree in the same candle).
- Visual:
Each line represents the color of the Heiken Ashi candlestick on a different timeframe, by default, green is bullis and red is bearish.
A square (configurable) shows the change between bullish and bearish.
When the combination of the 3 timeframes occur (3 bull or bear) the background is highlighted, after that as long as they agree the background will remain with that color.
- Customization:
As usual in my indicators, everything is customizable, timeframes are auto, but you can pick yours, colors, figures etc.
- Usage and recommendations:
Everything is good by default, it's recommended to use a x3 or x4 multiplier for the timeframes, example: 5 min, 15 min, 45 min or 5 min, 20 min and 60 min.
Personally, I use this in 1-3 min for scalping getting the very first time the 3 timeframes agree usually gives awesome entries.
Enjoy!
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ESPAÑOL
============
- Descripción:
Este indicador muestra un oráculo de velas Heiken Ashi en 3 temporalidades diferentes (MTF).
Muestra 3 líneas diferentes con cambios entre velas Heiken Ashi alcistas y bajistas para 3 marcos temporales automáticos o personalizados.
Tiene alertas para LONG y SHORT (cuando todas las temporalidades coinciden en la misma vela).
- Visual:
Cada línea representa el color de la vela Heiken Ashi en un marco temporal diferente, por defecto, el verde es alcista y el rojo es bajista.
Un cuadrado (configurable) muestra el cambio entre alcista y bajista.
Cuando se produce la combinación de los 3 temporalidades (3 alcistas o bajistas) el fondo se resalta, después mientras coincidan el fondo permanecerá con ese color.
- Personalización:
Como es habitual en mis indicadores, todo es personalizable, los marcos de tiempo son automáticos, pero puedes elegir los tuyos, colores, figuras, etc.
- Uso y recomendaciones:
Todo está bien por defecto, se recomienda usar un multiplicador x3 o x4 para las temporalidades, ejemplo: 5 min, 15 min, 45 min o 5 min, 20 min y 60 min.
Personalmente, uso éste indicador en 1-3 min para scalping, si entras la primera vez que las 3 temporalidades coinciden sueles coger un muy buen movimiento.
¡Que lo disfrutéis!
[BM] HTF Candle Evolution█ OVERVIEW
This script shows how a higher timeframe candle evolves over time.
It was created as a visual aid to #TheStrat and provides a new way of looking at Timeframe Continuity.
█ FEATURES
General
HTF: Higher Timeframe selection with dropdown and ability to manually input a timeframe that is not present in the dropdown.
Label: Show a label with the selected higher timeframe.
Marker: Shows a marker symbol at the start of each new higher timeframe.
Align: Aligns the candles around a selected center line.
The Strat
Multi-timeframe analysis is used extensively in #TheStrat (created by Rob Smith), so the ability to add #TheStrat coloring has been made available.
Scenario: Define the colors for the strat scenario's.
Coloring of: Choose which part of the candles you want the selected strat scenario colors to be applied to.
Band: Display a band that shows the active strat scenario color of the selected higher timeframe.
All features are completely customizable.
Liquidity Heatmap LTF [LuxAlgo]This indicator displays column heatmaps highlighting candle bodies with the highest associated volume from a lower user selected timeframe.
Settings
LTF Timeframe: Lower timeframe used to retrieve the closing/opening price and volume data. Must be lower than the current chart timeframe.
Other settings control the style of the displayed graphical elements.
Usage
It can be of interest to show which candles from a lower timeframe had the highest associated volume, this allows for the highlighting of areas where a candle body was the most traded by market participants.
The area with the highest activity is highlighted in the script with a yellow color (or another user selected color) and additionally by two lines forming an interval.
When the candle body with the highest volume is overlapped by a candle body with lower volume this one will be highlighted instead, hence why certain areas of high activity might not be highlighted by the heatmap.
It is recommended to hide regular candles or use a more discrete graphical presentation of prices when using this tool. Lines are also displayed to highlight the full candle range as well as if a candle was bullish (in green) or bearish (in red). These lines can be hidden if the user is only interested in the heatmap.
