IchimokuBuy Sell With Stoch RSIIchimoku Kumo Cloud Crossover Indicator
The "Ichimoku Kumo Cloud Crossover" indicator is a custom technical analysis tool designed for use in the TradingView platform. This indicator is built to assist traders in identifying potential buy and sell signals based on a combination of Ichimoku Cloud analysis, Moving Average Convergence Divergence (MACD), Exponential Moving Average (EMA), Relative Strength Index (RSI), and Stochastic RSI.
Key Components and Parameters:
Ichimoku Kumo Cloud Calculation:
The Ichimoku Kumo Cloud is calculated using the Ichimoku Cloud's Conversion Line and Base Line.
Conversion Line, Base Line, Leading Span 1, and Leading Span 2:
These are key components of the Ichimoku Cloud, and they help identify trends and potential support/resistance levels in the market.
MACD Oscillator:
The Moving Average Convergence Divergence (MACD) is used to gauge the strength and direction of the trend.
EMA 200 (Exponential Moving Average):
The EMA 200 is a long-term moving average used to identify the overall trend direction.
RSI (Relative Strength Index):
The RSI is a momentum oscillator that measures the speed and change of price movements, helping to identify overbought and oversold conditions.
Stochastic RSI (Stoch RSI):
Stoch RSI is calculated based on the RSI values and helps to identify overbought and oversold conditions in a more dynamic manner.
Signal Generation:
The indicator generates buy and sell signals based on the following criteria:
Buy Signal (Long Position):
The Conversion Line crosses above the Base Line (Ichimoku Cloud crossover).
The closing price is above the EMA 200, indicating a bullish bias.
The RSI is between 50 and 70, suggesting the potential for an uptrend.
The MACD Histogram is positive, indicating increasing bullish momentum.
The high price is at least 25% above the EMA 200.
Sell Signal (Short Position):
The Conversion Line crosses below the Base Line (Ichimoku Cloud crossover).
The closing price is below the EMA 200, indicating a bearish bias.
The RSI is between 20 and 50, suggesting the potential for a downtrend.
The MACD Histogram is negative, indicating increasing bearish momentum.
The low price is at least 25% below the EMA 200.
Stoch RSI Filter:
Additionally, a filter based on Stoch RSI slope is applied. The indicator will only open a position if the Stoch RSI is declining for short positions (sell) and rising for long positions (buy).
Visualization:
Buy signals are marked with green triangles below the bars.
Sell signals are marked with red triangles above the bars.
The Ichimoku Cloud is plotted in the background, with cloud colors changing based on whether the Conversion Line or Base Line is higher.
This indicator can be a valuable tool for traders looking to combine multiple technical analysis techniques to make informed trading decisions in the financial markets.
Cari dalam skrip untuk "Buy sell"
Triple Ehlers Market StateClear trend identification is an important aspect of finding the right side to trade, another is getting the best buying/selling price on a pullback, retracement or reversal. Triple Ehlers Market State can do both.
Three is always better
Ehlers’ original formulation produces bullish, bearish and trendless signals. The indicator presented here gate stages three correlation cycles of adjustable lengths and degree thresholds, displaying a more refined view of bullish, bearish and trendless markets, in a compact and novel way.
Stick with the default settings, or experiment with the cycle period and threshold angle of each cycle, then choose whether ‘Recent trend weighting’ is included in candle colouring.
John Ehlers is a highly respected trading maths head who may need no introduction here. His idea for Market State was published in TASC June 2020 Traders Tips. The awesome interpretation of Ehlers’ work on which Triple Ehlers Market State’s correlation cycle calculations are based can be found at:
DISCLAIMER: None of this is financial advice.
75-100pipsGreen/Red Arrowed Buy/Sell signals are just simple buy sell signals based on SuperTrend, VWAP, Bollinger, Linear Regression
Purple Arrowed Buy/Sell Signals happen when the price/candle cross over or under the yellow outer lines (4.236 fib lines) It's extremely rare and hard for price to stay above these lines therefore we can usually and comfortably buy/sell it, a key information here though when price pumps or dumps super fast and hard to the point of crossing these borders, the trend might also be extremely strong and continous so even if the price temporarily goes back inside the borders as the lines expand over time price can continue riding or crossing these lines back again and continue the uptrend/downtrend, therefore crossing these outer borders doesn't necessarilly and always mean a reversal is due.
When analyzing the instrument you're trading the important factors for support/resistance areas are usually the outer lines like i said previously it's super hard for price to be outside these and will almost always get back inside quickly. The Middle thicker green/red line which is Variable Index Dynamic Average should also be a nice pivot line for major support and resistance . All the other lines are also important dynamic support/resistance lines.
Their Importance Order
1- Outer Yellow Line (4.236 Fibs)
2- Thicker Middle Green/Red Line (VIDYA)
3- Thinner Upper/Lower Green/Red Line (VIDYA +3, VIDYA -3)
4- The Rest Of The Lines (Fib Lines)
You can use this indicator in any market condition in any market to determine key support/resistance levels, use it for mean reversion through price expanding to outside of the most outer line therefore being overbought/oversold basically using the purple buy/sell signals or only follow the normal buy/sell signals or use it in confluence with each other. You can also use this indicator in confluence with your own manual technical analysis or other indicators/strategies you are already using and are comfortable with.
A good part is the support/resistance lines from timeframe to timeframe pictures the whole situation quite well, you can use lower timeframe to find your entry/exit positions and higher timeframe to find your key support/resistance points, they all should be somewhat in confluence from timeframe to timeframe anyways. My recommendation would be to look at 1HR, 4HR and 1D charts for swing trading and 5-15 Min for quick scalping/day trading
You should still probably at least take a look to higher timeframes so that you don't get burned when you realize there is a huge resistance line at price XXXXX on the 4 hour chart but you're expecting it to go above it on the 5 minute chart, it can go above it temporarily but we analyze everything on a closing basis so it most likely won't close above it. Again don't take a position or FOMO when price breaks a support/resistance line, we're looking for a CLOSE above/below them and a retest to see if S/R flip happened would even be better.
Sometimes the most outer line won't be the 4.236 (Yellow) lines as when it gets quite volatile the Thinner Upper/Lower Green/Red Lines (VIDYA +3, VIDYA-3) might cross them to be the most outer line, in this case i have observed that the trend is extremely strong this time price almost always doesn't go above or below the VIDYA line but can stay outside of the Yellow 4.236 Fib line for an extended amount of time (price will still get back inside the channel relatively quickly, just not as fast as the normal condition)
With Proper Risk Management and Discipline this indicator can be of great use to you as it's surprisingly successful especially at mean reversion and pointing out the support/resistance lines, they are so much more successful than your average MA/EMA lines.
Alxuse Supertrend 4EMA Buy and Sell for tutorialAll abilities of Supertrend, moreover :
Drawing 4 EMA band & the ability to change values, change colors, turn on/off show.
Sends Signal Sell and Buy in multi timeframe.
The ability used in the alert section and create customized alerts.
To receive valid alerts the replay section , the timeframe of the chart must be the same as the timeframe of the indicator.
Supertrend with a simple EMA Filter can improve the performance of the signals during a strong trend.
For detecting the continuation of the downward and upward trend we can use 4 EMA colors.
In the upward trend , the EMA lines are in order of green, blue, red, yellow from bottom to top.
In the downward trend, the EMA lines are in order of yellow, red, blue, green from bottom to top.
How it works:
x1 = MA1 < MA2 and MA2 < MA3 and MA3 < MA4 and ta.crossunder(MA3, MA4)
x2 = MA1 < MA2 and MA2 < MA3 and MA3 < MA4 and ta.crossunder(MA2, MA3)
x3 = MA1 < MA2 and MA2 < MA3 and MA3 < MA4 and ta.crossunder(MA1, MA2)
y1 = MA4 < MA3 and MA3 < MA2 and MA2 < MA1 and ta.crossover(MA3, MA4)
y2 = MA4 < MA3 and MA3 < MA2 and MA2 < MA1 and ta.crossover(MA2, MA3)
y3 = MA4 < MA3 and MA3 < MA2 and MA2 < MA1 and ta.crossover(MA1, MA2)
Red triangle = x1 or x2 or x3
Green triangle = y1 or y2 or y3
Long = BUY signal and followed by a Green triangle
Exit Long = SELL signal
Short = SELL signal and followed by a Red triangle
Exit Short = BUY signal
It is also possible to get help from the Stochastic RSI and MACD indicators for confirmation.
For receiving a signal with these two conditions or more conditions, i am making a video tutorial that I will release soon.
Supertrend
Definition
Supertrend is a trend-following indicator based on Average True Range (ATR). The calculation of its single line combines trend detection and volatility. It can be used to detect changes in trend direction and to position stops.
The basics
The Supertrend is a trend-following indicator. It is overlaid on the main chart and their plots indicate the current trend. A Supertrend can be used with varying periods (daily, weekly, intraday etc.) and on varying instruments.
The Supertrend has several inputs that you can adjust to match your trading strategy. Adjusting these settings allows you to make the indicator more or less sensitive to price changes.
For the Supertrend inputs, you can adjust atrLength and multiplier:
the atrLength setting is the lookback length for the ATR calculation;
multiplier is what the ATR is multiplied by to offset the bands from price.
When the price falls below the indicator curve, it turns red and indicates a downtrend. Conversely, when the price rises above the curve, the indicator turns green and indicates an uptrend. After each close above or below Supertrend, a new trend appears.
Summary
The Supertrend helps you make the right trading decisions. However, there are times when it generates false signals. Therefore, it is best to use the right combination of several indicators. Like any other indicator, Supertrend works best when used with other indicators such as MACD, Parabolic SAR, or RSI.
Exponential Moving Average
Definition
The Exponential Moving Average (EMA) is a specific type of moving average that points towards the importance of the most recent data and information from the market. The Exponential Moving Average is just like it’s name says - it’s exponential, weighting the most recent prices more than the less recent prices. The EMA can be compared and contrasted with the simple moving average.
Similar to other moving averages, the EMA is a technical indicator that produces buy and sell signals based on data that shows evidence of divergence and crossovers from general and historical averages. Additionally, the EMA tries to amplify the importance that the most recent data points play in a calculation.
It is common to use more than one EMA length at once, to provide more in-depth and focused data. For example, by choosing 10-day and 200-day moving averages, a trader is able to determine more from the results in a long-term trade, than a trader who is only analyzing one EMA length.
It’s best to use the EMA when for trending markets, as it shows uptrends and downtrends when a market is strong and weak, respectively. An experienced trader will know to look both at the line the EMA projects, as well as the rate of change that comes from each bar as it moves to the next data point. Analyzing these points and data streams correctly will help the trader determine when they should buy, sell, or switch investments from bearish to bullish or vice versa.
Short-term averages, on the other hand, is a different story when analyzing Exponential Moving Average data. It is most common for traders to quote and utilize 12- and 26-day EMAs in the short-term. This is because they are used to create specific indicators. Look into Moving Average Convergence Divergence (MACD) for more information. Similarly, the 50- and 200-day moving averages are most common for analyzing long-term trends.
Moving averages can be very useful for traders using technical analysis for profit. It is important to identify and realize, however, their shortcomings, as all moving averages tend to suffer from recurring lag. It is difficult to modify the moving average to work in your favor at times, often having the preferred time to enter or exit the market pass before the moving average even shows changes in the trend or price movement for that matter.
All of this is true, however, the EMA strives to make this easier for traders. The EMA is unique because it places more emphasis on the most recent data. Therefore, price movement and trend reversals or changes are closely monitored, allowing for the EMA to react quicker than other moving averages.
Limitations
Although using the Exponential Moving Average has a lot of advantages when analyzing market trends, it is also uncertain whether or not the use of most recent data points truly affects technical and market analysis. In addition, the EMA relies on historical data as its basis for operating and because news, events, and other information can change rapidly the indicator can misinterpret this information by weighting the current prices higher than when the event actually occurred.
Summary
The Exponential Moving Average (EMA) is a moving average and technical indicator that reflects and projects the most recent data and information from the market to a trader and relies on a base of historical data. It is one of many different types of moving averages and has an easily calculable formula.
The added features to the indicator are made for training, it is advisable to use it with caution in tradings.
Volume Delta Trailing Stop [LuxAlgo]The ' Volume Delta Trailing Stop ' indicator uses Lower Time Frame (LTF) volume delta data which can provide potential entries together with a Volume-Delta based Trailing Stop-line .
🔶 USAGE
Our 'Volume Delta Trailing Stop' script can show potential entries/Stop Loss lines
A trigger line needs to be broken before a position is taken, after which a Volume Delta-controlled Trailing Stop-line is created:
🔶 DETAILS
🔹 Volume rises when bought or sold
🔹 When the opening price appears on the chart, a buy/sell order has been executed.
If that order is less than the available supply of that particular price, volume will rise, without moving the price.
🔹 When the opening price is the same as the closing price, the volume of that bar can be seen as "neutral volume" (nV); nor "up", nor "down" volume.
Example
A buy order doesn't fill the first available supply in the order book. This price will be the opening price with a certain volume.
When at closing time, price still hasn't moved (the first available supply in the order book isn't filled, or no movement downwards),
the closing price will be equal to the opening price, but with volume. This can be seen as "neutral volume (nV)".
🔹 Delta Volume (ΔV): this is "up volume" minus "down volume"
🔹 Standard volume is colored red when closing price is lower than opening price ( = "down volume").
🔹 Standard volume is colored green when closing price is higher OR equal (nV) than opening price ( = "up volume").
🔹 Neutral Volume
The "Neutral-Volume" is considered "Up-Volume" - setting will dictate whether nV is considered as green 'buy' volume or not.
🔶 EXAMPLE
29 July 10:00 -> 10:05, chart timeframe 5 minutes, open 29311.28, close 29313.89
close > open, so the volume (39.55) is colored green ("up volume").
(The Volume script used in the following examples is the open-source publication Volume Columns w. Alerts (V) from LucF )
Let's zoom to the 1-minute TF:
The same period is now divided into more bars, volume direction (color) is dependable on the difference between open and close.
Counting up and down volume gives a more detailed result, it remains in an upward direction though):
(ΔV = +15.51)
Let's further zoom in to the 1-second TF:
The same period is now divided into even more bars (more possibility for changing direction on each bar)
Here we see several bars that haven't moved in price, but they have volume ("neutral" volume).
(neutral volume is coloured light green here, while up volume is coloured darker green)
When we count all green and red volume bars, the result is quite different:
(ΔV = -0.35)
In total more volume is found when price went downwards, yet price went up in these 5 minutes.
-> This is the heart of our publication, when this divergence occurs, you can see a barcolor changement:
• orange: when price went up, but LTF Volume was mainly in a downward direction.
• blue: when price went down, but LTF Volume was mainly in an upwards direction.
When we split the green "up volume" into "up" and "neutral", the difference is even higher
(here "neutral volume" is colored grey):
(ΔV = -12.76; "up" - "down")
🔶 CONCEPTS
bullishBear = current bar is red but LTF volume is in upward direction -> blue bar
bearishBull = current bar is green but LTF volume is in downward direction -> orange bar
🔹 Potential positioning - forming of Trigger-line
When not in position, the script will wait for a divergence between price and volume direction. When found, a Trigger-line will appear:
• at high when a blue bar appears ( bullishBear ).
• at low when an orange bar appears ( bearishBull ).
Next step is when the Trigger-line is broken by close or high/low (settings: Trigger )
Here, the closing price went under the grey Trigger-line -> bearish position:
🔹 Trailing Stop-line
When the Trigger-line is broken, the Trailing Stop-line (TS-line) will start:
• low when bullish position
• high when bearish position
You can choose (settings -> Trigger -> Close or H/L ) whether close price or high/low should break the Trigger-line
When alerts are enabled ("Any alert() function call"), you'll get the following message:
• ' signal up ' when bullish position
• ' signal down' when bearish position
After that, the TS-line will be adjusted when:
• a blue bullishBear bar appears when in bullish position -> lowest of {low , previous blue bar's high or orange bar's low}
• an orange bearishBull bar appears when in bearish position -> highest of {high, previous blue bar's high or orange bar's low}
When alerts are enabled ("Any alert() function call"), and the TS-line is broken, you'll get the following message:
• ' TS-line broken down ' when out bullish position
• ' TS-line broken up ' when out bearish position
🔹 Reference Point
Default the direction of price will be evaluated by comparing closing price with opening price.
When open and close are the same, you'll get "neutral volume".
You can use "previous close" instead (as in built-in volume indicator) to include gaps.
If close equals open , but close is lower than previous close , it will be regarded as " down volume ",
similar, when close is higher than previous close , it will be regarded as " up volume "
Note, the setting applies for the current timeframe AND Lower timeframe:
Based on: " open " (close - open)
Based on: " previous close " (close - previous close)
🔹 Adjustment
When the TS-line changes, this can be adjusted with a percentage of price , or a multiple of " True Range "
Default (Δ line -> Adjustment - 0)
Δ line -> Adjustment 0.03% (of price)
Δ line -> Mult of TR (10)
🔶 SETTINGS
🔹 LTF: choose your Lower TimeFrame: 1S (seconds), 5S, 10S, 15S, 30S, 1 minute)
🔹 Trigger: Choose the trigger for breaking the Trigger-line ; close or H/L (high when bullish position, low when bearish position)
🔹 Δ line ( Trailing Stop-line ): add/subtract an adjustment when the TS-line changes ( default: Adjustment ):
• Adjustment ( default: 0 ): add/subtract an extra % of price
• Mult of TR : add/subtract a multiple of True Range
🔹 Based on: compare closing price against:
• open
• previous close
🔹 "Neutral-Volume" is considered "Up-Volume" : this setting will dictate whether nV is considered as green 'buy' volume or not.
🔶 CONSIDERATIONS
🔹 The lowest LTF (1S) will give you more detail and will get data close to tick data.
However, a maximum of 100,000 intrabars can be used in calculations .
This means on the daily chart you won't see anything since 1 day ~ 86400 seconds. (just over 1 bar)
-> choose a lower chart timeframe, or choose a higher LTF (5S, 10S, ... 1 minute)
🔹 Always choose a LTF lower than the current chart timeframe.
🔹 Pine Script™ code using this request.security_lower_tf() may calculate differently on historical and real-time bars, leading to repainting .
VARGAS"VARGAS" is an indicator that can be used in all timeframes on charts in the stock, crypto, and commodity markets. It allows trades to be opened according to the intersections of moving averages in different time periods.
It is an indicator using weighted moving averages. Using a weighted moving average has the following benefits for traders:
1) Precision and Smoothness: The WMA typically gives more weight to recent prices and therefore reacts faster to more recent data. This helps you catch price movements faster and recognize trend changes faster. On the other hand, the WMA is smoother than the simple moving average (SMA), which makes it less likely to generate false signals.
2) Trend Identification: The WMA is used to identify and analyze price trends. It is especially important for traders who want to track short-term movements. The WMA is used to assess the direction and strength of the trend.
3) Trading Signals: The WMA is used as part of various trading strategies. It is especially used in moving average crossover strategies. For example, a short-term WMA crossing the long-term WMA to the upside can be considered a buy signal, while a reversal can be interpreted as a sell signal.
4) Adaptability to Volatility: WMA can adapt to volatility by changing weighting factors. Investors can adopt a more flexible approach by assigning different weights based on market conditions and asset classes.
5) Data Correction: WMA can be helpful in reducing data noise. A single large price fluctuation can cause the SMA to be more affected, while the WMA reduces the impact of these fluctuations.
In our VARGAS coding, the intersection times of the 9-day and 15-day weighted moving averages allow us to decide the direction of the trend. The green and red cloud areas following the price candles make the strategy easy for the user to follow.
At the intersection between the 9-day weighted moving average and the 15-day weighted moving average, we can use buy and sell signals as follows:
If the 9-day weighted moving average crosses the 15-day weighted moving average upwards, buy,
Sell if the 9-day weighted moving average crosses the 15-day weighted moving average downwards.
Within the scope of this strategy, GOLDEN CROSS and DEATH CROSS intersections, which guide us for trend changes, are also included in the coding. Thus, it is aimed to add strength to our WMA 9 and WMA 15 intersection strategy as an idea.
VARGAS indicator gives better results for longer periods of 4 hours and above. As the time period increases, the probability of correct results will increase.
**
"VARGAS" hisse senedi, kripto, ve emtia piyasalarındaki grafiklerde her türlü zaman diliminde kullanılabilen bir indikatördür. Farklı zaman periyotlarındaki hareketli ortalamaların kesişimlerine göre işlem açılmasını sağlar.
Ağırlıklı hareketli ortalamalar kullanılarak hazırlanmış bir göstergedir. Ağırlıklı hareketli ortalama kullanmanın yatırımcılara aşağıdaki gibi faydaları bulunmaktadır:
1) Duyarlılık ve Pürüzsüzlük: WMA, tipik olarak son dönem fiyatlarına daha fazla ağırlık verir ve bu nedenle daha güncel verilere daha hızlı tepki verir. Bu, fiyat hareketlerini daha hızlı yakalamanıza ve daha hızlı trend değişikliklerini tanımanıza yardımcı olur. Diğer yandan, WMA, basit hareketli ortalamaya (SMA) göre daha pürüzsüzdür, bu da yanlış sinyal üretme olasılığını azaltır.
2) Trend Belirleme: WMA, fiyat trendlerini belirlemek ve analiz etmek için kullanılır. Özellikle kısa vadeli hareketleri izlemek isteyen yatırımcılar için önemlidir. WMA, trendin yönünü ve gücünü değerlendirmek için kullanılır.
3) Ticaret Sinyalleri: WMA, çeşitli ticaret stratejilerinin bir parçası olarak kullanılır. Özellikle hareketli ortalama crossover stratejilerinde kullanılır. Örneğin, kısa vadeli WMA'nın uzun vadeli WMA'yı yukarı yönlü kesmesi bir alım sinyali olarak kabul edilebilir, tersine dönmesi ise bir satış sinyali olarak yorumlanabilir.
4) Volatiliteye Uyarlanabilirlik: WMA, ağırlıklandırma faktörlerini değiştirerek volatiliteye uyum sağlayabilir. Yatırımcılar, piyasa koşullarına ve varlık sınıflarına göre farklı ağırlıklar atayarak daha esnek bir yaklaşım benimseyebilirler.
5) Veri Düzeltme: WMA, veri gürültüsünü azaltmada yardımcı olabilir. Tek bir büyük fiyat dalgalanması, SMA'nın daha fazla etkilenmesine neden olabilirken, WMA bu dalgalanmaların etkisini azaltır.
VARGAS isimli kodlamamızda ise 9 günlük ve 15 günlük ağırlıklı hareketli ortalamaların kesişme zamanları trendin yönüne karar vermemizi sağlar. Fiyat mumlarını takip eden yeşil ve kırmızı bulut alanları stratejinin kullanıcı tarafından kolaylıkla takip edilmesini sağlamaktadır.
9 Günlük Ağırlıklı hareketli ortalama, 15 Günlük Ağırlıklı hareketli ortalama arasındaki kesişimde al ve sat sinyallerini şu şekilde kullanabiliriz:
Eğer 9 günlük ağırlıklı hareketli ortalama 15 günlük ağırlıklı hareketli ortalamayı yukarı doğru kesiyorsa al,
Eğer 9 günlük ağırlıklı hareketli ortalama, 15 günlük ağırlıklı hareketli ortalamayı aşağı doğru keserse sat.
Bu strateji kapsamında trend değişimleri için bizlere yön veren GOLDEN CROSS ve DEATH CROSS kesişimleri de kodlamanın içerisinde dahil edilmiştir. Böylelikle WMA 9 ve WMA 15 kesişim stratejimize fikir olarak güç katması hedeflenmiştir.
VARGAS indikatörü 4 saat ve üzeri daha uzun periyotlarda daha iyi sonuçlar vermektedir. Zaman periyodu büyüdükçe doğru sonuç verme olasılığı artacaktır.
Engulfing Signals
Okay, so we've got an indicator here that prints buy sell signals based on engulfing candles and uses a 200 EMA and RSI to filter out some of the noise.
This indicator incorporates price action, in the form of engulfing candles, moving averages and a momentum oscillator. It also has the of plotting either a Simple Moving Average or an Exponential Moving Average over varying periods in order to determine if price is respecting a certain level or to develop more accurately-timed alert signals. Engulfing candles can be a good indication of a change in sentiment and momentum.
Engulfing candles can be a good indication of a change in market behaviour but they happen far too often to be of any practical use by themselves.
In order to filter out some of the weaker candles, I have incorporated RSI into this script. The indicator will provide a BUY signal only when an engulfing candle prints and there is a reading of above 50 on the RSI, which is considered to reflect overall bullish sentiment. The signal is printed directly on the chart as a small green triangle just under the engulfing candle.
In contrast, the indicator will provide a SELL signal only when an engulfing candle prints and there is a reading of below 50 on the RSI, which is considered to reflect overall bearish sentiment. The signal is printed directly on the chart as a small red triangle just above the engulfing candle.
In order to maintain a clean chart and maximise the opportunity to couple this indicator up with other indicators that may increase the accuracy of the signals even further, the RSI will not be shown on the chart. However, to verify the accuracy of the signals please feel free to load the RSI indicator onto your chart and you will see that the signals only print according to the conditions described above.
In order to further filter out weaker signals I have made a rule that a buy signal should only print if it is above the 200 EMA and a sell signal only if the engulfing candle is below the 200 EMA. I use the 200 EMA because it is a commonly accepted indication of the general trend and to make the signals as accurate as possible we want to be trading with the longer trend, not against it.
The indicator will not print signals for engulfing candles outside of these parameters.
I suggest combining this indicator with a shorter moving average such as a 9, 14 or 20 perhaps. There is no need to add an additional indicator. You can do this directly in the settings menu. This unique feature allows you to study possible levels that price may or may not be respecting.
Alternatively, you could use the MACD to filter out some of the weaker signals, though bear in mind that the RSI is already doing that to some degree before the signal even prints.
To my knowledge there is no other indicator out there that combines these three concepts but, as you will see, doing so provides some high quality signals.
Inside Candle by HarshiniThe concept behind this indicator is that the inside candle indicates a pause in the current move and the following candle after inside candle will indicate the direction of the next move. This indicator informs you when an inside candle is formed and based on the next candle, it gives you buy/sell signal.
When an inside candle is formed, a label will appear above the candle, which makes it very easy to identify the inside candle in live charts. Once the inside candle is formed, the Buy/Sell signal depends on the next candle. If the candle formed after the inside candle gives a breakout above then "Buy" signal is indicated, you can take a trade with 1:2 risk reward. Similarly if the next candle gives a breakout below, then a "Sell" signal is generated and you can take a sell with 1:2 risk reward. This indicator can be applied to any chart like stocks, crypto, commodities etc...
Here's how you can trade using this indicator:
1) Apply this indicator in a 15 mins time frame :
Even though this indicator identifies inside candle formation in almost every time frame, it works very well when applied to a 15 mins chart.
2) Always keep minimum 1:2 Risk Reward :
While taking trades initially, stick on to 1:2 risk reward. If there are other confluences as well along with the inside candle, you can book target accordingly.
Note : It is observed that this indicator works well in a trending market and not in ranging bound market.
adaptive_mfi
█ Description
Money flow an indexed value-based price and volume for the specified input length (lookback period). In summary, a momentum indicator that attempt to measure the flow of money (identify buying/selling pressure) through the asset within a specified period of time. MFI will oscillate between 0 to 100, oftentimes comprehend the analysis with oversold (20) or overbought (80) level, and a divergence that spotted to signaling a further change in trend/direction. As similar to many other indicators that use length (commonly a fixed value) as an input parameter, can be optimized by applied an adaptive filter (Ehlers), to solve the measuring cycle period. In this indicator, the adaptive measure of dominant cycle as an input parameter for the lookback period/n, will be applied to the money flow index.
█ Money Flow Index
mfi = 100 - (100/(1 + money_flow_ratio))
where:
n = int(dominant_cycle)
money_flow_ratio = n positive raw_money_flow / n negative raw_money_flow
raw_money_flow = typical_price * volume
typical_price = hlc3
█ Feature
The indicator will have a specified default parameter of: hp_period = 48; source = ohlc4
Horizontal line indicates positive/negative money flow
MFI Color Scheme: Solid; Normalized
ICT Sessions_One Setup for Life [MK]The script plots the High/Low of the following trading sessions:
London - 02:00-05:00
NY AM - 09:30-12:00
New York Lunch - 12:00-13:30
New York PM - 13:30-16:00
Due to the high level of liquidity (resting orders), highs and lows of these sessions may be used as buy/sell areas and also as profit target areas. Typically, buy orders would be initiated below a session low and sell orders would be initiated above a
session high.
The script also plots 'RTH (Regular Trading Hours) Opening Gaps'. The RTH gaps are drawn from the closing price of regular trading at 16:15 (EST) to the open price of regular trading at 09:30 (EST). Gaps can be areas that traders might anticipate to be filled at some time in the future. A gap 'midline' is available if needed and yesterday RTH close line can be shown and extended to the current bar.
This script is simply a means to draw boxes around certain areas/periods on the charts. It is in no way a trading strategy and users should spend much time to study the concept and should also perform extensive back-testing before taking any trades.
By setting the lookback value to a much higher value then the default of 6, users can utilise the script to perform their own backtesting studies.
The above chart shows the default setup of the indicator. Note that the user has to choose how far (in days) to lookback and draw the sessions/gaps.
It is also possible to show the session high//low lines and extend them to the current bar time. If this is used it is advised to keep the lookback period as low as possible to ensure charts stay clean/uncluttered.
All boxes/lines styles/colors are fully customisable.
Parabolic SAR + EMA 200 + MACD SignalsParabolic SAR + EMA 200 + MACD Signals Indicator, a powerful tool designed to help traders identify optimal entry points in the market.
This indicator combines three popular technical indicators: Parabolic SAR (Stop and Reverse), EMA200 (Exponential Moving Average 200) and MACD (Moving Average Convergence Divergence) - to provide clear and concise buy and sell signals based on market trends.
The MACD component of this indicator calculates the difference between two exponentially smoothed moving averages, providing insight into the trend strength of the market. The Parabolic SAR component helps identify potential price reversals, while the EMA200 acts as a key level of support and resistance, providing additional confirmation of the overall trend direction.
Whether you're a seasoned trader or just starting out, the MACD-Parabolic SAR-EMA200 Indicator is a must-have tool for anyone looking to improve their trading strategy and maximize profits in today's dynamic markets.
Buy conditions
The price should be above the EMA 200
Parabolic SAR should show an upward trend
MACD Delta should be positive
ُSell conditions
The price should be below the EMA 200
Parabolic SAR should show an downward trend
MACD Delta should be negative
Price Action (ValueRay)With this indicator, you gain access to up to 5 moving averages from a selection of 15 different types. This flexibility allows you to customize your trading strategy based on your preferences and market conditions. Whether you're a fan of simple moving averages, exponential moving averages, or weighted moving averages, our indicator has got you covered! Additionally, all the MAs are Multi-Time-Frame!
The indicator also provides trading signals. By analyzing market trends and price movements, it generates accurate buy and sell signals, providing you with clear entry and exit points. You can choose between Fast, Mid, and Slow signal speeds.
Trendlines are another crucial aspect of effective trading, and our indicator seamlessly integrates them, helping you visualize the market's direction.
Furthermore, the indicator empowers you with recent highs and lows. By highlighting these key levels, it becomes easier than ever to spot support and resistance areas, aiding you in making well-informed trading choices.
Additionally, you can switch the ADR% (Average Daily Range as a Percentage) on and off. This number instantly provides you with information on how much the stock usually moves per day as a percentage.
Key Features:
Up to 5 Moving Averages, each with its own timeframe.
SMA, EMA, WMA, RMA, Triangular, Volume Weighted, Elastic Volume Weighted, Least Squares, ZLEMA, Hull, Double EMA, Triple EMA, T3, ALMA, KAMA (more to come in future versions).
Recent High and Low Pivot Points acting as support/resistance.
Trendline indicating the current trend.
Buy/Sell Signals (recommended for use as exit points, stop loss, or take profit levels).
Signals can have three different speeds: Fast, Mid, and Slow. You can switch them anytime depending on how quickly or slowly you want to exit a trade.
The predefined colors are best suited for a dark background, and the predefined settings provide a solid starting point that many traders use in their daily work.
Unlock the full potential of your trading strategy with our comprehensive indicator and start making informed trading decisions today!
Enhanced Strategy (Buy/Sell Signals)The provided script is an enhanced strategy that combines multiple indicators to generate buy and sell signals. Here's a breakdown of its features and usage:
Indicators used:
1. Moving Averages (MA): It uses two moving averages, fast and slow, to identify trend direction.
2. Relative Strength Index (RSI): It measures the momentum and overbought/oversold conditions of the asset.
3. Moving Average Convergence Divergence (MACD): It indicates trend direction and potential trend reversals.
4. Stochastic Momentum Index (Stch Mtm): It identifies overbought and oversold conditions and potential reversals.
5. Awesome Oscillator: It helps to gauge the market momentum and potential trend changes.
How to use:
1. The strategy is designed to be used as a study on the TradingView platform.
2. Apply the script to your preferred chart and adjust the input parameters as desired.
3. The buy and sell signals will be plotted as green "Buy" and red "Sell" labels on the chart.
4. You can also observe the plotted indicators to gain insights into the market conditions.
Combination of indicators:
1. Buy Signal: The strategy generates a buy signal when the following conditions are met:
- The fast moving average crosses over the slow moving average (bullish crossover).
- RSI value is above the specified threshold (30 by default), indicating potential oversold conditions.
- MACD line is above the signal line, suggesting a bullish trend.
- Stch Mtm is above 50, indicating bullish momentum.
- The Awesome Oscillator is positive, implying bullish market sentiment.
2. Sell Signal: The strategy generates a sell signal when the following conditions are met:
- The fast moving average crosses under the slow moving average (bearish crossover).
- RSI value is below the specified threshold (100 - RSI threshold), indicating potential overbought conditions.
- MACD line is below the signal line, suggesting a bearish trend.
- Stch Mtm is below 50, indicating bearish momentum.
- The Awesome Oscillator is negative, implying bearish market sentiment.
Market conditions:
- The strategy aims to identify potential entry and exit points based on the combination of indicators.
- It can be used in various market conditions, but it's important to consider the overall market context, news events, and risk management principles.
- It's recommended to use this strategy as a tool for analysis and decision-making, and validate the signals with additional analysis before executing trades.
Please note that the effectiveness and profitability of any trading strategy can vary depending on various factors, including market conditions and individual trading preferences. It's always advisable to conduct thorough backtesting and consider risk management techniques before applying any strategy to live trading.
KDJ-RSI Buy/Sell Signal ver. 1It is an indicator combining the RSI indicator and KDJ indicator.
Buy signal will triggers when:
RSI signal positioning below 25
J value crosses below 0
Sell signal will triggers when:
RSI signal positioning above 85
J value crosses above 100
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Please take note that this indicator may be not accurate for every chart in the crypto market, but it is most appropriate to use it in BTC/USDT charts, mainly for 1h, 4h, and 1d candles. Not recommended to use it for 1m or 15m leverage trades, this indicator might be altered by FOMO sentiment.
SuperTrend Long Strategy +TrendFilterThis strategy aims to identify long (buy) opportunities in the market using the SuperTrend indicator. It utilizes the Average True Range (ATR) and a multiplier to determine the dynamic support levels for entering long positions. This presentation will provide an overview of the strategy's components, explain its usage, and highlight that it focuses on long trades.
Components of the Strategy:
1. ATR Period: This input determines the period used for calculating the Average True Range (ATR). A higher value may result in smoother trend lines but may lag behind recent price changes.
2. Source (src): This input determines the price source used for calculations, with "hl2" (the average of high and low prices) set as the default.
3. ATR Multiplier: This input specifies the multiplier applied to the ATR value to determine the distance of the support levels from the source.
4. Change ATR Calculation Method: This input allows toggling between two methods of ATR calculation: the default method using atr() or a simple moving average (SMA) of ATR values (sma(tr, Periods)).
5. Show Buy/Sell Signals: This input enables or disables the display of buy and sell signals on the chart.
6. Highlighter On/Off: This input controls whether highlighting of up and down trends is displayed on the chart.
7. Bar Coloring On/Off: This input determines whether the bars on the chart are colored based on the trend direction.
8. The "SuperTrend Long STRATEGY" has been enhanced by incorporating a trend filter. A moving average is used as the filter to confirm the prevailing trend before executing trades. This addition effectively reduces false signals and improves the strategy's reliability, all while maintaining its original name.
Strategy Logic:
1. The strategy calculates the upper (up) and lower (dn) trend lines based on the ATR value and the chosen multiplier.
2. The trend variable keeps track of the current trend, with 1 indicating an uptrend and -1 indicating a downtrend.
3. Buy and sell signals are generated based on the change in trend direction.
4. The strategy includes an optional highlighting feature that colors the chart background based on the current trend.
5. Additionally, the bar coloring feature colors the bars based on the direction of the last trend change.
Usage:
1. ATR Period and ATR Multiplier can be adjusted based on the desired sensitivity and risk tolerance.
2. Buy and sell signals can be displayed using the Show Buy/Sell Signals input, providing clear indications of entry and exit points.
3. The Highlighter On/Off input allows users to visually identify the prevailing trend by coloring the chart background.
4. The Bar Coloring On/Off input offers a quick visual reference for the most recent trend change.
Long Strategy:
The SuperTrend Long Strategy is specifically designed to identify long (buy) opportunities. It generates buy signals when the current trend changes from a downtrend to an uptrend, indicating a potential entry point for long positions. The strategy aims to capture upward price movements and maximize profits during bullish market conditions.
The SuperTrend Long Strategy provides traders with a systematic approach to identifying long trade opportunities. By leveraging the SuperTrend indicator and dynamic support levels, this strategy aims to generate buy signals in uptrending markets. Traders can customize the inputs and utilize the visual features to adapt the strategy to their specific trading preferences.
The modification adds a trend filter to the "SuperTrend Long STRATEGY" to improve its effectiveness. The trend filter uses a moving average to confirm the prevailing trend before taking trades. This addition helps filter out false signals and enhances the strategy's reliability without changing its name.
Conceptive Price Moving Average [CSM]The Conceptive Price Moving Average (CPMA) is a technical indicator designed to provide a more accurate moving average of the price by using the average of various price types, such as open, close, high, low, etc. The CPMA can help to smooth out the noise and provide a clearer picture of the overall trend by taking the average of the last 3 candles for each price type and then calculating the average of those averages.
To use the CPMA for generating buy/sell signals, you can look for crossovers of the CPMA and other commonly used moving averages, such as the 9-period EMA, 20-period EMA, 50-period EMA, 100-period EMA, and 200-period EMA, which are also plotted on the chart. When the CPMA crosses above a shorter-term moving average, such as the 9-period EMA or 20-period EMA, it can indicate a potential buy opportunity, while when the CPMA crosses below a shorter-term moving average, it can indicate a potential sell opportunity.
Based on my analysis of BankNifty and Nifty, I have found that the CPMA works best at a length of 21, showing good resistance and support for stocks. Therefore, I recommend using a length of 21 when using the CPMA for generating buy/sell signals.
