Mulakan

Priceaction

Price/Volume Trend MeterAnother simple indicator from the sweet indicator series, This is a combination of the Volume and Price Trend Meter indicators combined (Links below) into one indicator called PVTM (Price Volume Trend Meter). PVTM measures the strength of price and volume pressure on a histogram. The indicator sums up all green candles price and volume and red candles price and volume over a specific period of bars and plots based on Price summed value. The result will look similar to Price Trend Meter with the benefit of trying to filter out more noise. Use this indicator to identify the increasing asset of price and volume with the green candles (Close is higher than open) and decreasing of price and volume with the red candles (Close is lower than open). ======= Calculation ========== Bright Green Color Column: Total summed up Price and Volume are higher than 0. Bright Red Color Column: Total summed up Price and Volume are Lower than 0. Weak Green Color Column: Conflict between Price and Volume (One positive and one negative) so we continue based on previous color . Weak Red Color Column: Conflict between Price and Volume (One positive and one negative) so we continue based on previous color. ======= Price/Volume Trend Meter Colors ======= Green: Increasing buying pressure. Weaker Green: Declining Buying pressure (Possible Sell Reversal). Red: Increasing selling pressure. Weaker Red: Declining Selling pressure (Possible Buy Reversal). Other sweet indicators that this indicator is based on: Volume Trend Meter: Price Trend Meter: Like if you Like and Follow me for upcoming indicators/strategies: www.tradingview.com
Penunjuk Pine Script®
oleh dman103
6
PIVOT EDGE - THE COMPLETE TRADING SETUP - PRO +Introduction to the Indicator " PIVOT EDGE - The complete trading setup - PRO+ " The Foundation layout for this indicator is based on PIVOT's which are nothing but the most important levels that the price has respected in the past.The values for the pivots are derived from the key attributes of the price in any timeframe such as the OPEN, HIGH, LOW and CLOSE. These define the mood of the price and where it intends to move in relation to the previous range formed.Earlier HIGH - LOW i.e the RANGE indicates the possible movement that a stock can make in the current session and as per the calculated pivots we can possible find out the tentative supports and resistances. In addition to this indicator, It is advisable to use the price action theory which helps in taking a right decision for entries. This indicator by itself is complete in nature, i.e it guides the user for possible entry levels and the projected targets that we can achieve and also the likely stop loss limit in case the price reverses. So beforehand even before entering into a trade position, the user can ascertain what can be his loss or max profit and then he can chose an optimum position size for favorable results. The beauty of this Indicator lies in the fact that it can be used for all types of trading like Scalping, Intra day, Swing or Positional and Investments also. It works on all timeframes and across all market segments like EQUITY, COMMODITIES , FUTURES , OPTIONS , FOREX etc. This indicator can be used for any exchange and any time zone also without any changes or adjustments needed. Now let us understand the features of this Indicator in detail. TIMEFRAME - It has options to choose between Day, week and month as timeframe. By default it is set to Day timeframe DISPLAY MAJOR LEVELS - These are the important support and resistance levels calculated based on the past price data. Most important ones are marked in BOLD RED and BOLD GREEN between which the price tends to move generally. Apart from these, We have breakout level marked in light green and if price breaks this level we can expect targets upto extended levels and beyond marked in blue. we also have breakdown level marked in light red and if price breaks this level we can expect targets down up to extended levels and below it marked in blue. In addition I have coded intermediate target levels that appear in light gray between the extended levels or blue lines. Sometimes when the gap between these targets are huge, price cannot reach the targets and reverses at these intermediate targets. You can use them as targets or trailing stop loss based on your plan DISPLAY HIDDEN LEVELS - These levels are intermediate supports and resistances that can be used whenever the present day indicated range is very wide. Whenever we have an explosive moments in market the range of that day is very huge and so he next day support and resistance band becomes very wide indicating the sideways movement day within that range. And on those days we can switch on the hidden levels and the price respects these levels and most of the days it is inside this range only. DISPLAY PREVIOUS HIGH / LOW / CLOSE - I have included Daily / Weekly and monthly levels. It is important to know the earlier highs / lows and close since price respects it very must just like support and resistance . PEMA - This is an important EMA based indicator which potentially indicates curves of support and resistance during retracements or pullbacks. If the curves are breached then the trend is reversed and the price will tend to move to the next pivots . VALUE AREA - One of the most important feature of this Indicator is this which is derived from the Volume profile concepts. It indicates the fair value area Indicated by orange band and the upper and lower limits indicated by orange lines. Whenever the price is overvalued or undervalued, it is pushed back to its fair value and we can judge the present price position in relation to the value area and then take position in anticipation of the price reaching its fair value area. This must be coupled with price action for favorable results. IMPORTANT NOTE : This indicator does not guarantee any favorable results nor protect your from any loss. You own the complete risk of your trades. It is suggested that you use this indicator and do back testing for considerable period to understand how it works the the potential win rate it can give. If you have any doubts or need any clarifications of assistance in understanding, you can message me and I will try to help. Happy and Safe trading - Mohan from PIVOT EDGE
Penunjuk Pine Script®
oleh rvmohankumar
11
Accumulation & Distribution DetectorThis indicator lets us to automatically detect and mark strong and clear Price Action levels in which there were Accumulation and Distribution phases in any timeframe. This Accumulation and Distribution is associated with a laterality in the market and they are usually important price levels to take into account for either future Price Action trades in Supports and Resistances or in Supply and Demand levels since they are usually turning points in the market. This indicator, unlike other existing ones, allows us to adjust through the parameters both the level of demand and the size of these candles regarding the ATR and the size of the candle itself. The tighter we are, the fewer candles marked there will be and, therefore, the desired level to trade will be more powerful and stronger. Note : The order of elements on the chart must be configured so this indicator should be above the candles, otherwise it will not be displayed correctly. Este indicador nos permite detectar y marcar de forma automática los niveles fuertes y claros de Price Action donde ha habido fases de Acumulación y Distribución en cualquier marco de tiempo. Esta Acumulación y Distribución se asocia a una lateralidad en el mercado y suelen ser niveles de precio importantes a tener en cuenta para futuras operaciones de Price Action en Soportes y Resistencias o sobre niveles de Oferta y Demanda ya que suelen los puntos de giro en el mercado. Este indicador, a diferencia de otros existentes, nos permite ajustar mediante los parámetros el nivel de exigencia y tamaño de estas velas con respecto al ATR y el tamaño de la propia vela. Mientras más estrictos seamos, menos velas marcadas habrá y más potente y fuerte será el nivel deseado para operar. Nota : Se debe configurar el orden de elementos en el gráfico para que el indicador esté por encima de las velas, de lo contrario no se visualiza correctamente. Parameters Settings / Parámetros Ajustables: MAX Body size vs Full Candle (%) : Max body vs Full Candle size percentatge required, default 50% / Porcentaje Máximo Permitido para el tamaño del “Cuerpo” sobre el tamaño completo de la propia vela, por defecto 50% MAX Candle Size vs ATR (%) : Max candle size vs ATR percentage required, default 70% / Porcentaje Máximo admitido para el tamaño total de la vela con respecto al ATR, por defecto 70% ATR Length : Candles Number to calculate ATR average, default 30 / Cantidad de velas para medir el ATR, por defecto 30 Use ATR filter? : We can activate or deactivate the ATR calculates, default activated / Podemos anular el cálculo sobre el ATR y hacerlo normal, por defecto activado Color Settings / Colores Ajustables: Print Char : Char and Color printed in candle / Símbolo y Color que dibuja sobre la vela detectada
Penunjuk Pine Script®
oleh optimvs
Volume histogramThis volume indicator detects and paints with different colors up to 3 ranges of volume level necessary to identify the price zones where large investors act and trade with the price and volume's strategy. It will be easier and faster for you to identify the important volume levels in order to apply them to your trades. The greater difference and advantage over other existing volume indicators are the following: Parameters may be adjusted to the quantity of candles which are necessary in order to calculate the average volume, and to the percentage which the high volume should be regarding the average volume for each candle. It paints in 3 different colors: high volume, medium volume and low volume; the visual control is better with the size of the volume. It is possible to set as many alerts as you need in order to let you know when the desired volume level is reached. Este indicador de volumen detecta y pinta de color diferente hasta 3 rangos de nivel de volumen necesarios para identificar las zonas de precio donde actuan los grandes inversores y operar con la estrategia de precio y volumen. Te será más fácil y rápido identificar los niveles importantes de volumen para aplicarlos a tus operaciones. La gran diferencia y ventaja con respecto a otros indicadores de volumen existentes son tres. Puedes ajustar los parámetros sobre qué cantidad de velas tiene en cuenta para calcular el volumen medio, y cuanto porcentaje debe ser el volumen alto con respecto al volumen medio para cada vela. Te pinta en 3 colores diferentes el Volumen Alto, Volumen Medio y Volumen bajo, teniendo mejor control visual en el tamaño del volumen. Puedes colocar tantas alertas como necesites para avisarte cuando llegue al nivel de volumen deseado. Parameters Settings / Parámetros Ajustables: Highest vs Average Vol Size (%) : Highest Volume Size vs Average Volume, default 200% / Tamaño del Volumen Alto con respecto al volumen Medio, en porcentaje. Por defecto, 200% Vol Average Length : Candles Number to calculate Average Volume, default 500 / Cantidad de velas para calcular el Volumen Medio, por defecto 500. Color Settings / Colores Ajustables: Color 0 : Highest Volume, Above a % Average Volume Color 1 : Above Average Volume Color 2 : Below Average Volume
Penunjuk Pine Script®
oleh optimvs
MTF SCALP Price Actionits just for personal use of my own. if you want to use this indicator, use it at your own responsibility. but just remember its a SCALP strategy and must be used on 5M timeframe. Long/Short Conditions : last 1H,30M,15M and 5M candle close on same direction. I will back test this indicator and if it worth it i will write turn it to a strategy. PS: i'm new to pinescript coding . so, sorry for my bad coding. if you have any suggestions to improve my coding skills i will be very thankful if you share it with me.
Penunjuk Pine Script®
oleh itsleoneric
1
Price Trend MeterYet another sweet little indicator which measures price pressure over specific period of time. I call it Price Trend Meter (PTM), It's basically similar to the indicator 'Volume Trend Meter' (VTM) but this time the calculations are based on price rather than volume. The indicator sums up all the prices of the green candles and red candles over a specific period of time (source and bars back can be adjusted in indicator settings). ======= Calculation ========== For Green Column: Total price of green candles is higher than total red candles price for a specific bars back. For Red Column: Total price of red candles is higher than the total green candles price for a specific bars back. ======= Price Trend Meter Colors ======= Green: Increasing buying pressure. Red: Increasing selling pressure. For the Volume Trend Meter indicator go here : https:www.tradingview.com/script/ywEEvEtI-Volume-Trend-Meter/ Stay tuned and Follow as a combination indicator of the two indicators (VTM + PTM) will be coming up next: https:www.tradingview.com/u/dman103/#published-scripts Like if you like and Enjoy.
Penunjuk Pine Script®
oleh dman103
Yanchan-AshiThis is a price action indicator that focuses on price movements. Please add it to the main chart and use it. Hide the main chart itself or switch to the line chart. This indicator draws using the average of the high and low prices of the four bars and one of the four values ​​you specify (default is the closing price). It is easy to understand how the momentum starts to rise and how the nadir stops. これは値動きに注目した プライスアクション・インジケータ です。 メインチャートに追加して、利用して下さい。 メインチャート自体は非表示にするか、あるいは、ラインチャートに切り替えて下さい。 このインジケータは、バーの４本値のうち、高値の平均と安値の平均と、あなたが指定する４本値のいずれか（初期設定は引け値）を使って描画します。 勢いの出始めや天底の止まり具合が、わかりやすくなっています。
Penunjuk Pine Script®
oleh yanyancha
BreathEasyVolumeAnalysisOutline of Indicator: Purpose of this indicator? Main purpose of building this indicator is to help traders who refer Current Month Futures to look for the volumes while they trade on the Index chart, with some added analysis on the volumes. What it CAN DO? Traders rely on volume as a key metric because it lets them know the liquidity level of an asset, and how easily they can get into or out of a position close to the current price, which can be a moving target. Hence I have used some two of powerful indicators to help supporting the volume analysis which is OBV indicator and the Price Volume Trend indicator. Calculations are bit modified to fit best as per the Leniear Regression Box. Note: Source has been set to Nifty Current Month Expiry Future. If you are a BNF trander source has to be changed manually using the Settings. Feel free to PM me for any further information. Regards, BreathEasy
Penunjuk Pine Script®
oleh PavanSada08143
3
Crypto price action strategy long onlyThis is a very powerful strategy, which I adapted mostly for futures perp pairs like BTCUSDTPERP or ETHUSDTPERP. Its made purely of price action rules like : We check for the last down candle before a sequence of up candles, or the last up candle before a sequence of down candles. At the same time I combine with other rules ,like for example during this sequence comparing the actual candle high and low with the min/max of the candles from the sequece before establishing if its a potential entry or not. So far I have noticed that it works greatly with big timeframes 1h+ . The results from above are using 1h on BTCUSDTPERP binance, together with 4 on length and 0.03% comission for futures on perp binance If there are any questions , let me know in private !
Strategi Pine Script®
oleh SoftKill21
1
PIVOT EDGE - TREND GLIDEROne of the Biggest challenge in trading is to find the right trend and once we are in the right trend, holding on to winning trades is the next challenge. So this indicator addresses both these issues and helps you with finding the right trend and also guide you and glide the trades till there is a change in trend by means of proper trend based candle color. You can just look at the basic candle color as per the prevailing trend and be in the trend as long as the candle colors doesn't change. You need not worry or panic about the small pullbacks or retracements which is a normal course of any trend continuation. Without this Indicator, in normal situation we would have ended our trades thinking the trend has changed and only to find that trend is again continuing and giving us more than 3-4 times reward after exit. This Indicator is coded in such a way that no matter what may be the standard color of the candle, This Indicator will paint the candles to Green color in an Uptrend and it will paint the candles RED color in downtrend. You can take entries as soon as you see the trend formation and wait till the trend is changed or the candle color is changed. This indicator is intended for the use of newbies or Novice traders to give them confidence and also to guide them towards the proper trend so that they are not taking any counter trend trades. This Indicator is also beneficial for experienced and master traders to keep them in trade and glide until there is a clear change in trend thereby riding their profits for longer time. This is a Moving average crossover based strategy but slightly different in the computation where in I have used the customized PEMA values to suit most favorable win ratio. The results are best when used for timeframe of 10 mins and above. Also you must know the basics of candle stick patterns and price action to take suitable entries and exit at favorable risk reward ratio. Always do not wait for exit signal from the indicator. You can exit whenever you have gained decent profit and you can keep a trailing stop loss and lock in your profit. This Indicator works on all Markets and all types of timeframes. Kindly do backtesting for atleast 2-3 months data before using it for live market. Also you must find out which stocks you wish to trade and check if this indicator works favorably for your scripts. The results might slightly vary on stocks with high volatility. Always look for the curve in trending up direction of trending down direction. Do not trade whenever the curve is flat and not inclined upside or downside. Always trade with a suitable STOPLOSS in place and trade with less quantity till you find comfort and confidence with this Indicator. Further updates to follow periodically. Incase you like this script, like it and share it to others too. Also take a look at the other scripts that I have published. Happy Trading Mohan
Strategi Pine Script®
oleh rvmohankumar
3
NYCOB Kill Zone StrategyI have now turned the NYCOB Kill zone into a stand alone strategy! Fully customizable in regards to time of entry and levels of entry but the standard settings are the best all around. Original NYCOB Kill Zone text below This script plots the H and L of the first 2 hours of the NYC session and shades the space between in which i deem the NYC Order Block It also maps out the First two hours on the chart as well so you can understand when the OB has formed Over the past 3 years of trading cryptocurrency i have noticed a phenomena that has occurred nearly every day The H or L will 90% of the time will be posted in the first two hours of this session knowing this means you understand if you just wait til this time you can better your odds at not getting stop hunted due to poor entry A few things to take from this study are these. 1. after the OB is formed 2. whichever side gets taken out first (H/L) will 90% define the bias for the day. I have found that using the m13-m15 TF will add some more confirmation with 1-2 closes outside of range H/L/ 3. After general bias has formed 2 things can happen A) PA just takes off and there is really nothing you can do about it unless you had other studies that told you that will happen B) PA will dip back INTO the OB and create the OTE which is any retracement below the .5 Fibonacci of the shaded OB 4. Typically OTE happens after the session has ended 5. If you used OTE off of the past days NYCOB then you can use the new (forming or just formed) NYCOB to CONFIRM your initial bias presented from the previous days OTE and bias. 6. When PA cannot close outside the NYCOB it presents a range to range play where PA will visit the opposite side of the range to chase liquidity, 7. When the NYCOB is TIGHT then deviation is more likely to result in price expansion, when the NYCOB is WIDE then deviation tends to present more range to range plays. 8. After bias is formed and OTE has been made your stops should always be outside the NYCOB. I use the m30 or H1 ATR to get a slight cushion from the OB to ensure i dont get stop hunted. Standard TP are all set at the same level but you can adjust them accordingly Shout out to Elevate-Trading family member Boederzeng for helping me with the code!
Strategi Pine Script®
oleh SatoshiHeavy
1
Price StatsIntroduction Price Stats is an indicator based on the statistics shown in MarketSmith charting software when viewing the Track Price information, also known as the "yellow box." The following stats are available for the most recent price bar: ■ High price ■ Low price ■ Last price ■ Percent change in price from prior bar ■ Closing range within the bar ■ Current volume ■ Volume % change relative to the 50-day moving average volume For daily charts: ■ 21-day EMA and % offset of price ■ 50-day SMA and % offset of price ■ 200-day SMA and % offset of price Here's how to interpret the moving averages: In the image below the 50-day SMA is 74.58 (8.04%). 74.58 represents the value of the 50-day SMA. 8.04% indicates that the current price is 8.04% above the SMA. A negative % would indicate the current price is the specified % below the SMA.
Penunjuk Pine Script®
oleh JohnMuchow
29
Ravih Pro Momentum BreakoutThis is a Momentum Breakout Strategy on “DAILY Timeframe” This Breakout Strategy is specially created for Momentum Traders and for Bursa Market. The learning applied here are derived from past market behavioural approach. It takes into account of recent strength of price action and volume. However, it can be applied for other Exchanges as well; as long as the stock is active with unusual volume. The Momentum Set-Ups Script is designed for Short Term traders as in 3 to 60 Trading Days holding period or unless and until Exit Signal appears. Sometimes it could extend longer depending on the pace of the Momentum. It also caters the aggressive traders as in Buy Today Sell Tomorrow/Today (BTST) and Fast in Fast Out (FIFO). These are traders...usually looking for 5% to 7% or 12% gain in a short span of time. However, do take note; momentum stocks are explosive in their moves. Therefore one could maximise the Gain Ride until Exit/Sell Signal appears. The Script provides you the best High-Probability Profitable Set-Up Entry. The system identifies the stock/s in action Right Now. It is a powerful strategy for trading both Fast and Slow Momentum Stocks. The Momentum Script is built around 3 Primary Factors namely… 1. Volume 2. Price Action 3. Time And 2 Secondary Factors namely… 1. Volatility 2. Liquidity Buy Exit/Sell Arrows are triggered based on last candle bar closed. It plots automatically. For Long Light Blue Up Triangle denotes Buy at the Closing Price. Entry Price is Closing Price or with + or – 2% tolerance for the following market day. For Exit/Sell Orange Down Triangle denotes Exit to close any remaining position to free up capital. Or... Red Down Triangle denotes Exit to close any remaining position to free up capital. Either one of the arrow is Final. For Setting Up Alerts The user has the option to Setup Alerts for chart signals that is…for Long and for Exit/Sell. For Demonstrative purpose... I have on purpose chosen an O&G counter from a Cold Sector from MYX. This is a time of Pandemic. Therefore, choosing Technology or Glove and Healthcare Sectors would definitely reflect good performance. The idea here is to demonstrate that the Momentum Strategy application works on all market conditions anytime of the year. Remember... This strategy is only built for stocks. It is Not for Indices neither for any other financial instruments. No SHORT signals in this strategy.
Penunjuk Pine Script®
oleh ravih1962
PIVOT EDGE - The complete trading setup - LITEIntroduction to the Indicator " PIVOT EDGE - The complete trading setup - LITE " The Foundation layout for this indicator is based on PIVOT's which are nothing but the most important levels that the price has respected in the past.The values for the pivots are derived from the key attributes of the price in any timeframe such as the OPEN, HIGH, LOW and CLOSE. These define the mood of the price and where it intends to move in relation to the previous range formed.Earlier HIGH - LOW i.e the RANGE indicates the possible movement that a stock can make in the current session and as per the calculated pivots we can possible find out the tentative supports and resistances. In addition to this indicator, It is advisable to use the price action theory which helps in taking a right decision for entries. This indicator by itself is complete in nature, i.e it guides the user for possible entry levels and the projected targets that we can achieve and also the likely stop loss limit in case the price reverses. So beforehand even before entering into a trade position, the user can ascertain what can be his loss or max profit and then he can chose an optimum position size for favorable results. The beauty of this Indicator lies in the fact that it can be used for all types of trading like Scalping, Intra day, Swing or Positional and Investments also. It works on all timeframes and across all market segments like EQUITY, COMMODITIES, FUTURES , OPTIONS , FOREX etc. This indicator can be used for any exchange and any timezone also without any changes or adjustments needed. Now let us understand the features of this Indicator in detail. TIMEFRAME - It has options to choose between Day,week and month as timeframe. By default it is set to Day timeframe DISPLAY MAJOR LEVELS - These are the important support and resistance levels calculated based on the past price data. Most important ones are marked in BOLD RED and BOLD GREEN between which the price tends to move generally. Apart from these, We have breakout level marked in light green and if price breaks this level we can expect targets upto extended levels and beyond marked in blue. we also have breakdown level marked in light red and if price breaks this level we can expect targets down up to extended levels and below it marked in blue. In addition I have coded intermediate target levels that appear in light gray between the extended levels or blue lines. Sometimes when the gap between these targets are huge, price cannot reach the targets and reverses at these intermediate targets. You can use them as targets or trailing stoploss based on your plan DISPLAY HIDDEN LEVELS - These levels are intermediate supports and resistances that can be used whenever the present day indicated range is very wide. Whenever we have an explosive moments in market the range of that day is very huge and so he next day support and resistance band becomes very wide indicating the sideways movement day within that range. And on those days we can switch on the hidden levels and the price respects these levels and most of the days it is inside this range only. DISPLAY PREVIOUS HIGH / LOW / CLOSE - I have included Daily / Weekly and monthly levels. It is important to know the earlier highs / lows and close since price respects it very must just like support and resistance. PEMA - This is an important EMA based indicator which potentially indicates curves of support and resistance during retracements or pullbacks. If the curves are breached then the trend is reversed and the price will tend to move to the next pivots. VALUE AREA - One of the most important feature of this Indicator is this which is derived from the Volume profile concepts. It indicates the fair value area Indicated by orange band and the upper and lower limits indicated by orange lines. Whenever the price is overvalued or undervalued, it is pushed back to its fair value and we can judge the present price position in relation to the value area and then take position in anticipation of the price reaching its fair value area. This must be coupled with price action for favorable results. IMPORTANT NOTE : This indicator does not guarantee any favorable results nor protect your from any loss. You own the complete risk of your trades. It is suggested that you use this indicator and do back testing for considerable period to understand how it works the the potential win rate it can give. If you have any doubts or need any clarifications of assistance in understanding, you can message me and i will try to help. I will soon try to make a Video and explain the use of this indicator for better clarity and understanding. Happy and Safe trading - Mohan from PIVOT EDGE
Penunjuk Pine Script®
oleh rvmohankumar
7
Dynamic Sigma VWAP and Volume Sigma LevelsEver Wondered How can you confidently Identify Reversals / and Trend Direction with Volume ? So this Script will help you out with that! What I am talking About? 1. Volume Standard Deviations Spikes being Projected Over the Price 2. Dynamic VWAP being Calculated from the Points of extremities in Volume Action {estimated using Standard Deviation Sigma Level} So, This is how sigma levels of 1sigma, 2sigma and 3sigma will look over the volume Whenever Volume Spikes through these Sigma Levels, Price Projections are Formed by this Indicator, both on Current Timeframes and Higher Timeframes Prices So, This is what price projection of Volume Sigma Levels (1,2,3sigmas crosses) will look if projected on Same Timeframe period And This is how they look on chart using Higher Timeframe Period, (Default Higher Time Frame is 60mins, You can tweak as per your convenience) Once All the Sigmas are projected Over the Price, Dynamic VWAP is calculated from the points where volume crosses current Time Frame 2sigma and 3sigma Levels see, This helps out in figuring a lot of things in the price volume action! Play with it, and Enjoy!
Penunjuk Pine Script®
oleh Ankit_1618
11
Demand and Supply zone Master IndicatorThe Demand and Supply Zone indicator helps to identify the valid demand and supply zones by removing the played out zones. This indicator looks for all patterns , Rally-Base-Rally and Drop-Base-Rally mark the zone as "DZ". Same way with pattern Drop-Base-Drop and Rally-Base-Drop it will mark "SZ". The indicator is fully customizable as per your trading style. What does the Indicator do ? Normal = Aggressive Trader Strong = Conservative Trader V Strong = V Conservative Trader Based on Trading style one can choose the option available. Default gives the best result. 1. Explosive candle Range : One can choose explosive candle range. 2. Basing Candle Range : One Can Choose Basing candle range. 3. Normal Candle Range : One can choose the normal candle range. 4. Legout Strength : One can customize the Legout Strength. 5. Demand and Supply zone version : High - Low = Most traders use the high and low of the basing for calculating their zone. Body - Low = Body (Base candle body high for demand zone and Body low for supply zone ). Normally beginner ( Conservative trader ) uses this option. Continuous base = 1 to 10 : Based on the requirement one can use the number of basing candle. max normal = 2 to 10 : Based on the requirement one can use the number of normal candle. min normal = 1 to 10 : Min one to form the zone. Line width = 1 to 5 MaxTouches = One can set the number of times the price visits the zone. 1 for Conservative trader and 3 for aggressive trader. Once the price touches the zone more than the given input, lines get deleted. Also if the price is grater that the zone value, line deletes. Bar Lookback = How many bars to look back to check the strength of the candle. Default gives the best result. Max Demand and Supply zones and Show all active Demand and Supply zones = One can visually see played out ( violated ) zones by unticking the Active zones option. Otherwise indicator will show only the Active zones. One can see max of 100 violated zones . PM us to obtain the access.
Penunjuk Pine Script®
oleh SupplyIsInDemand
105
Kangaroo Tail Pro Indicator Kangaroo Tail Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The Kangaroo Tail is a multi-bar pattern. The Kangaroo Tail is both simple and very effective pattern to trade. The strategy that comes with the Kangaroo Tail is based on price action. The indicator does what it was designed for: displaying Kangaroo Tail patterns. Don't expect to follow the up and down arrows and make money. Trading is not that simple. The Kangaroo Tail pattern is a starting point. The arrow is not a confirmed BUY and SELL signal in itself. The Kangaroo Tail indicator alerts you that the market might be at a turning point now. Then you must use other elements of your strategy (trend, momentum, support/resistance, volatility, daily bias, and other indicators) to confirm the signal and place a trade. The Kangaroo Pro version lets users adjust the pattern definition. This version is meant for expert traders who want to use their own optimized settings for the pattern. Inputs of the indicator are: MaxBars: number of bars back used to calculate the indicator Automatic(true/false): you can either use the defaults conservative settings (automatic=true) or use your own settings (automatic=false). BuySignals (true/false): you can filter signals and decide to show BUY signals or not. Default settings is true (no filter). SellSignals (true/false): you can filter signals and decide to show SELL signals or not. Default settings is true (no filter). CandleSize: filter signals depending on the size of candle (0.5 to 1.5 recommended range of values) BodyPercent: position of body compared to the complete candle range (0.2 to 0.4 recommended range of values) RoomLeftBars: room on the left you want to have for valid pattern (counted as a number of bars, recommended values of 5 to 30). Alerts: The alerts are managed by TradingView trading platform features and not by the indicator itself. You must use Kangaroo Sell less than zero and Kangaroo Buy greater than zero as settings for the alerts. Beware that TradingView limits the number of alerts you can receive according to the plan you subscribed with the platform. Beware that alerts are managed by TradingView trading platform features and not by the indicator itself. We provide settings for alerts as a courtesy. If you have problems with alerts or need special settings then please contact TradingView support since alerting is not a feature managed by the indicator. Trading rules: For BUY: wait for a bullish Kangaroo Tail to print on a support zone after a down trend. Wait for price to break high of the Kangaroo Tail candle (5 pips above the high for H1 and higher time frames). Immediately enter in the trade once high is broken. You also can use a BUY STOP order placed 5 pips above the high of the candle (plus spread). Stop Loss should be placed below the low of the Kangaroo Tail candle. If order is not triggered in the next candle then trade is invalidated and should be canceled. For SELL: wait for a bearish Kangaroo Tail to print on resistance zone after an up trend. Wait for price to break the low of the Kangaroo Tail candle (5 pips below the low for H1 and higher time frames). Immediately enter in the trade once low is broken. You also can use a SELL STOP order place 5 pips below the low of the candle. Stop Loss should be placed above the high of the Kangaroo Tail candle. If order is not triggered in the next candle then trade is invalidated and should be canceled. The Kangaroo Tail indicator can be used with any time frame. The Kangaroo Tail indicator can be used with any class of assets: Forex, Stocks, Indices, Futures, Commodities and Cryptos. Beware that in accordance with TradingView rules, we cannot update this description over time. At the time you are reading this description it might be outdated. We recommend you to visit our website for up to date information.
Penunjuk Pine Script®
oleh renaudcandel
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