NVME Blackfire XNVME Blackfire X Indicator is a trend-confirmation indicator that includes Buy and Sell signals on the chart, Support & Resistance lines, Automatic Trendlines, Session Highs and Lows, Previous MTF Candle's Highs and Lows, Strategy Mode with Working Win/Loss Calculator, Built-In Position Size Calculator, Institutional Zones, Re-Entry Points and Filters, Customisable Market Dashboard and Alerts for Many Features.
The 2 main settings for the algorithm are 'Sensitivity' and 'Agility'. When you place Blackfire X onto your charts, you should be met automatically with the best settings we've found so far and don't worry if you are struggling to find settings because our system has an onboard system that provides you with an automatic "Best Settings" for the current pair that you are on. You can choose to enable this feature on the algorithm settings or simply see what is ideal on the dashboard too.
The 'Sensitivity' controls how quickly the algorithm responds to the market's trend changes. The higher the sensitivity, the less trades on the chart. The lower the sensitivity, the more trades you'll find on the chart.
The 'Agility' controls where the signals are placed within the trend change, a lower agility will give you signals closer to its reversal points and a higher agility will give you slower signals.
We also have the option to change the indicator to your trading style, there are four modes that heavily impacts the algorithm's calculations.
These are "default", "swing mode", "scalp mode", "strategy mode".
"Default" is our normal algorithm module that utilises the user's input to provide signals using a basic filtration system.
"Swing Mode" is our algorithm that has been modified to give signals that are more delayed for swing traders.
"Scalp Mode" is our algorithm that has been modified to give signals that are quick and fast for scalps.
"Strategy Mode" utilises our default mode but instead places the user in a mode where trades will only appear if a stop loss or a take profit area has been met by the price after the signal call.
Our third key option is our bar colour switches, there are multiple options such as "Cloud-Based", "Pivot Based", "S/R Based", "Change-Based" and "Two Colour Modes". NVME Blackfire X colours the candles in the direction of the trend and a green colour shows an uptrend, a purple colour shows an unconfirmed trend or often a ranging area and a red colour shows a downtrend.
We must let traders know that the signals should be used carefully and with a trader's strategy rather than following signals for the sake of it being printed there!
Since we want this algorithm to have necessary features and respond fast too, we have chosen only trend-following and analysis features that will be quick to use and easy to understand. We want this to be different from our Vanquisher X algorithm as that is a massive multi-tool full of features for traders to enjoy.
The first main feature is our 'Trend Cloud' system, it utilises two moving average plots that creates a cloud filling and with our algorithm you can customise both of the moving averages to any currently existing moving average in the PineScript Library.
The second feature is our 'Institutional Zones' system, which plots area of the market where the institutions have placed orders and these can be used as an extra support and resistance zone for trades. There is an input option that allows the user to get more or less zones and it is called "The Detection Strength", increasing this will show more zones whilst decreasing it will show less.
The third feature is our 'Automatic Trendlines' system, which utilises two input methods ('Trendline Period' and 'Trendline Detection Ratio'), the period controls how many bars of data to lookback to for the trend-lines and the detection ratio controls how many trend-lines are plotted onto the chart.
The fourth feature is our 'Session High and Lows' system, which plots the highest high and the lowest low of each session in the trading hours, these plots can be useful for breakout traders.
The fifth feature is our 'MTF Candle Info' system, which plots the candle's high and low or the candle's open and close for a timeframe and the previous candle of choice. This can also be used for breakout traders such as having a lower timeframe breakout for a higher timeframe plot.
The sixth feature is our 'Adaptive S/R Zones', which plots support and resistance zones into any market pair that are accurate points at which the market could react and reject from.
* Informative Market Dashboard *
Our simple panel on your chart displays the most relevant data from all of our features and calculations in real-time.
Confirmation
The confirmation simply tells the user what the previous signal was and this can be useful if the user may decide to have their signals turned off on the charts.
Market State
The market state informs the user the direction of the trend whether it be ranging, in an uptrend or downtrend, you'll see the emoji that corresponds to that.
Recommended Sensitivity
This feature will show the user what the recommended sensitivity is for the current pair that the user is on and the user may find this helpful if they don't know what settings to use.
Recommended Agility
This feature will show the user what the recommended agility is for the current pair that the user is on and the user may find this helpful if they don't know what settings to use.
Trend Control
The trend control feature calculates data using the user set bars back input and it determines all the factors within the trend to give you an informative response, an uptrend will have "Bulls by: " + percentage of control and a downtrend will have "Bears by" + percentage of control.
Pair Strength
The pair strength is measures the control of bulls or bears in the form of the market strength and it will give the same response as the trend control but the percentage will be based on the buying or selling pressure.
Pair's Change
The pairs change measures the change in price from point A to point B, if the change is greater than 0%, the dashboard will inform you that Bulls are in control, and if not the dashboard will inform you that Bears are in control.
Market Money
The market money measures the amount of volume and money that is going into the current asset and if the net change is greater than 0%, bulls will be in control, if not then bears are giving the market their money.
NVME Oscillator X
This is our very own oscillator that has been integrated into our dashboard, allowing the user to see the trend of our other indicator without having to fill their charts up with more noise. If the oscillator is in a downtrend then the dashboard will state that its in a downtrend and if it is in an uptrend then it will show an uptrend text.
Volatility
This feature measures the amount of volatility in any pair and provides user with the percentage value so they can see whether or not the market is extremely volatile at the current time.
Current Session
This feature will tell the user what session they are currently on such as London, Europe, New York, Asia, Australia.
Cari dalam skrip untuk "TRENDLINES"
TTT_Crack_RSI_Ver_2.1.0Hello dear traders from all over the world!
It has been a while since our team started concentrating on the technical indicators that apply sources not only on the closed price but also on the high/low prices of the candlestick to overcome the limitations of existing indicators. As mentioned repeatedly before, most of widely adapted indicators in technical chart these days are generated only with the closed prices, not taking in consideration of the wicks or tails of the candlesticks. This crucially leads to a rapid decrease in the reliability especially in current financial market, where ignoring other portions within a candlestick structure and putting weights just on candle body often causes fatal trading outcome. Since phenomenons such as wide price fluctuation and non-ideal price momentum occur more frequently compared to the old days when TA used to perfectly work just as the images in a textbook, sourcing OHLC (Open, High, Low, Closed) prices from a candle structure is becoming more essential and practical.
Such revolutionary perceptions and insights could be easily acquired: by just adding high/low prices of the candlesticks when computing technical indicators, many more meaningful signals were observed. One of the popular indicators we have recently attempted to reflect this very idea was RSI (Relative Strength Index) that was published by the name of “RSI Cloud” months ago. As shown below, this groundbreaking index was to be comprehended as a band or a cloud rather than a single line. In fact, many unexpected methodologies, techniques, and insights were discovered through countless applications as our team went through series of experiments and back/forward tests. The results were quite shocking: Little did we know that drawing trendlines, parallel channels, and previous highs/lows etc. just like we do on the regular candlestick chart would also work decisively. Not only divergences were efficiently captured, but ‘SR Flip’ techniques also functioned as well.
Anyway, validation and verification process has been successful, ensuring that taking all of the candlestick into an account within the indicators provides much more meaningful signals than the indicators with ‘closed source’, the default setting. During thousands of our trials, we questioned to ourselves: If we are going to transform candlestick structure into an equation utilizing all of the prices, why don’t we just express the index with the same format, as another candlestick? The initial intention of the clouds or bands were to adapt the tails of the candle and to smooth them out. And this radical idea changed the whole game. By applying this candlestick format insights, even more significant signals were brought up on to the surface that surprised all of us.
Without a doubt, just like the cloud version, the candlestick version even works better when applying trendlines, pivots, channels, divergences and SR Flips, etc. As we were studying behaviors of the RSI candlestick indicator, a determinant and significant signal was detected that can be usefully referred to traders and this core element is why this update extremely so innovative. We spotted that the emergence of consecutive tails could be a valuable signal that could be weighted. Especially when the tails appeared in sequence in overbought and oversold zone, a strong preference of trend reversal was observed. It was only matter of time to search for the proper parameters and values that fits the market!
And here we are, presenting our newest indicator, “TTT_Crack_RSI_2.1.0” Just like the previous version, it catches regular and hidden divergences automatically and furthermore, we made it to detect appearance of sequential candle wicks in overbought/sold zone (70 and 30 as default) signaling some possibility of trend reversal. The default setting for the consecutive wick counting (Wick Count) is 4, meaning if candle wicks are formed (Top tail in the overbought zone and bottom tail in the oversold zone) four times in a row, a triangle will appear signaling potential trend reversal. As traders’ preferences, the settings can be customized. “Wick Length” setting let users to decide the minimum size of the wick that are to be considered as the proper criteria of candlestick wick. If one wishes to only imply candle wick that are longer than certain length, he or she can increase the “Wick Length” value. We recommend 30~40 for this parameter value. Moreover, if one wants the minimum number of consecutive wicks to that are to be counted to be greater or less, he or she can put in the minimum counting number value at “Wick Count”. For example, if more conservative trader wishes to consider minimum number of consecutive wicks as 6, then the logic will signal only if the wicks appear 6 times in a row in overbought/sold zone. Overbought and oversold zone can also be modified in the settings just like the regular RSI indicator.
How to effectively use this indicator to search for a decent entry point? First of all, do not just enter position only because a single signal has been appeared. The most reliable and strong entry sign would be when the trendline/channel breaks below/above at the overbought/sold zone and at the same time, consecutive wicks and divergence signals appear as well. If all of those signals have been observed, aim for the spot when RSI escape the overbought/sold zone. That would be a proper time to enter a position. As we emphasized many times, it is very reckless to make trading decisions only with technical indicator. It might defer a little bit depending on traders’ tendency, but indicators are to be considered as a side tool to identify macro level trends and signals of possible trend reversal. Always remember, traders that rely on TA must look for the confluent zone and thus the more technical factors that overlap price-wise and time-wise, the more reliability can be given.
If you wish to try our work, please comment below or send message to this account.
Thank you very much.
안녕하세요 트레이더 여러분. 토미 트레이딩 팀의 토미입니다.
최근 저희 개발팀은 캔들차트의 종가만으로 산출되는 기술적 지표들의 한계점을 극복하고자 캔들 고/저가까지 적용을 시켜 ‘요즘 장에 더 맞는’ 지표들을 만들기 위해 많은 노력을 해왔습니다. 저희 시장 분석/시황, 강의자료, 그리고 지표 개발 문서에서 누누이 언급 드렸듯, 근래 많은 트레이더 분들에게 널리 사용되고 있는 대부분의 지표들은 캔들의 종가만 고려하는 경우가 많습니다. 비상식적이고 두 눈으로 보고도 믿기지 않을 가격 모멘텀 및 변동성이 난무하는 요즘 21세기 금융시장에서는 예전처럼 교과서에나 볼 법한 뻔하고 예측 가능한 패턴 및 형국들을 찾아보기 힘들어졌습니다. 이렇게 급변하는 최근 시장 성향 상 기술적 분석에 캔들 꼬리를 배제하고 몸통만 고려하기에는 너무 치명적인 리스크가 뒤따라오기 마련입니다.
이런 궁극적인 목표로 개발에 착수한 저희 팀은 캔들의 OHLC(시, 고, 저, 종가)를 지표에 내포시켜 더 유의미한 신호들을 도출할 수 있다는 이론을 검증하였고 이를 반영해 몇 달 전 "RSI 클라우드"를 트레이딩뷰에 출시한 바 있습니다. 아래의 링크(이미지)에서 시사하는 바와 같이 RSI 역시 주가를 하나의 라인이 아닌 구조로 해석하여 밴드나 클라우드 형태로 표현해보니 실제로 더 높은 실용성과 활용성을 입증할 수 있었습니다. 또한 수많은 실험과 백/포워드 테스팅을 거치면서 사전에 전혀 예상치 못한 방법론 및 기법들을 응용시킬 수 있다는 사실까지 밝혀냈습니다. 일반 캔들 차트처럼 추세선, 평행채널, 피봇, 그리고 전 매물대 등의 작도법을 적용시킬 수 있을뿐더러 캔들의 종가가 아닌 고/저가를 활용해보니 더 효과적인 일반/히든 다이버전스 시그널을 찾아낼 수 있었습니다. 게다가 SR Flip (지지와 저항이 뚫리면 바뀌는 현상) 이론마저 잘 먹히는 현상을 인지한 저희는 개발 방향을 이쪽으로 더 깊고 세밀하게 발전시키는 쪽으로 잡았습니다.
여러 시행착오를 통해 이것저것 될 만한 건 다 시도해보던 와중, 저희는 어느 날 문득 이런 질문을 던지게 됩니다. ‘어차피 이왕 캔들의 OHLC 값을 지표화 시키는 거 차라리 지표마저 동일하게 캔들화시키는 게 낫지 않을까?’ 결과는 매우 충격적이면서도 동시에 저희에게 허탈감을 안겨줬습니다. 곰곰이 생각해보니 클라우드/밴드 형태의 지표는 적용시킨 캔들의 고/저가를 일련의 Smoothing out 프로세싱 작업을 입힌 거고 그럴 바엔 오히려 동일한 캔들 형태로 표현해버리면 더 직관적인 경향성과 규칙성을 파악할 수 있을 거란 저희의 예상은 적중했습니다. 클라우드/밴드 지표 형식의 모든 차별성과 장점은 그대로 유지하고 심지어 더 유의미한 신호들을 포착할 수 있었습니다.
해당 산출물에 추세선, 평행채널, 피봇, 전 매물대, 그리고 SR FLIP과 같은 작도법과 다이버전스 시그널 등을 더 세밀하고 효율적으로 적용시킬 수 있는 건 물론이고, 그 외 저희는 또 한가지 결정적이고 획기적인 시그널을 탐지했습니다. 사실 이 부분이 이번 업데이트의 가장 핵심 요소라고 볼 수 있습니다. 캔들스틱화된 RSI 지표의 경향성 및 규칙성 고찰 과정 중 캔들 꼬리가 연속적으로 출현하는 현상에 심상치 않은 기운을 감지한 저희 팀은 정말 소름이 돋을 정도로 용이한 추세 전환 시그널을 발견했습니다. 바로 과매도 구간에서는 아래꼬리, 과매수 구간에서는 위꼬리가 연달아 나올 경우 상당히 높은 확률로 변곡점이 출현하고 추세가 전환되는 경향성에 가중치를 부여해 이에 최적화된 파라미터 및 설정 값들을 찾아 로직화 시켜봤습니다. 결과는 아주 만족스러웠습니다.
이름하여 저희의 최신 지표인 "TTT_Crack_RSI_2.1.0"를 여러분께 소개 드립니다. 이전 버전인 “RSI Cloud”와 마찬가지로, 종가가 아닌 고/저가의 일반/히든 다이버전스 시그널을 알아서 포착해주고, 더 나아가 과매매 구간(기본 값은 30/70이며 설정 변경 가능)에서 RSI 캔들 꼬리의 연속성을 자동으로 감지해 표시(삼각형)를 해주게 끔 만들었습니다. 과매매 구간에서 연이어 출현하는 캔들 꼬리 카운팅의 최소 값은 4으로 디폴트 값 설정을 해 놨습니다. 더 보수적/공격적으로 접근하고 싶으신 분들은, 즉 최소 카운팅 값을 4이 아닌 다른 값으로 변경하고 싶으신 분들은 설정에 들어가셔서 “Wick Count” 항목에 원하는 값을 기재하시면 됩니다.
캔들 꼬리라는 게 어떻게 보면 상대적이고 주관적인 개념일 수 있습니다. 캔들꼬리가 조금만 나와도 의미 부여를 할 수 있는가 하면 특정 이상 길이 아니면 의미 부여를 하지 않을 수 있습니다. 저희는 유저들에게 최대한 높은 유동성을 제공하고자 본 메커니즘이 정의하는 캔들 꼬리 길이를 변경할 수 있도록 만들어 놨습니다. ‘Wick Length” 설정 값을 통해 해당 로직이 간주하는 최소 캔들꼬리 길이를 정할 수 있습니다. 기본 설정 값은 30으로 되어 있고, 경험상 30~40 정도가 적당하다고 보고 있습니다.
마지막으로 해당 지표로 효과적인 진입 타점을 찾는 법을 간략히 알려드리겠습니다. 우선 절대로 아무 시그널 하나 툭 떴다고 무조건 바로 진입하는 건 절대 삼가해주세요. 가급적이면 과매매 구간에서 추세선/채널 이탈, 연속 캔들 꼬리 신호, 그리고 다이버전스가 동시에 떴을 상황을 예의주시하시면 됩니다. 이렇게 비교적 비슷한 시간에 유의미한 신호들이 포착되었다면 또 바로 진입하지 마시고 조금 더 기다리셨다가 과매매 구간을 벗어나는 타이밍을 노리시면 됩니다. 항상 강조드리지만 기술적 지표 하나만 가지고 트레이딩 의사결정을 하는 건 정말 무모한 행위입니다. 개인의 매매성향 마다 다르겠지만 기술적 지표는 항상 큰 추세와 변곡 출현 가능성을 파악하는데 참고하는 용도로 사용 하셔야지 그렇지 않으면 캔들차트는 아예 꺼버리고 지표만 보고 매매하는 꼴이 됩니다.
해당 지표를 사용하고 싶으신 분들은 아래에 댓글 혹은 본 계정으로 메시지(DM) 보내주시면 감사하겠습니다.
감사합니다. 여러분들의 구독, 좋아요, 댓글은 저희에게 정말 큰 힘이 됩니다^^
EMA cloudsCredits to Ripster47
5-12 ema cloud
34-50 ema cloud
72-89 ema cloud
1H is actually very important on swings + Daily/Weekly Level
5-12 EMA clouds on 1H Tell Trend
34-50 EMA clouds on 1H act as Dynamic Trendlines
72-89 EMA clouds on 3min acts as Dynamic Trendlines
EngineeringRobo DeluxeToday we are releasing the EngineeringRobo Deluxe!
New advanced trading tools for traders and investors. The new Robo 4 is extremely powerful !
It works perfectly with other existing strategies as an add-on feature. EngineeringRobo Deluxe has seen major improvements in accuracy of levels, speed and intelligence to detect the best possible trade setups.
This script is equipped with
🔵 EngineeringRobo 4
It offers strategic trading entry and exit points, so you can preserve capital before markets tumble, and take full advantage as they start to rebound. At a glance, market timing indicators tell investors whether market conditions are right or whether it’s safer on the sideline.
Truly unique tool for technical analysis for the financial market as it includes calculation of specific metrics like SAR + MACD + Price Movement.
You no longer have to worry about spending hours in front of the computer looking for a trade.You can use the indicator on every assets available on your broker.
🔵 Change Candle Color
You can change the colors depending on buy 4 and sell 4 signals. It helps traders a lot to see the direction clearly.
🔵 BB Signals :
This strategy uses the MACD indicator together with the Bollinger Bands to sell when the price is above the upper Bollinger Band (and to buy when this value is below the lower band). This simple strategy only triggers when both the MACD and the Bollinger Band indicators are at the same time in a overbought or oversold condition.
Removed Upper & Lower bands & SMA20 from the charts.
To see bands, You can activate the Bollinger Bands on EngineeringRobo - not the Deluxe version.
If you are buying it with BB BUY, No need to wait for BB Sell to sell it. Vice versa.
They are not the opposite to each other. Get your profit at your target level and move on.
🔵 Ultimate MA crossover signals :
As a general guideline,the idea behind trading crossovers is that a short-term moving average above a long-term moving average is an indicator of upward momentum in a stock & crypto , and the opposite is true about a short-term average trading below a long-term average.
For this guideline to be of use, the moving average should have provided insights into trends and trend changes in the past.
Are the settings of SMA 50 & SMA 200 really the best for Golden Cross and Death Cross?
Have you ever tested ROI for MA cross strategies?
Do you think MA 20 and MA 50 are the best pair for traders?
Do you know that Exponential Moving Average ( EMA ) beats the Simple Moving Average ( SMA ) ?
In order to answer these questions we applied some brute mathematical force and tested 1830 different MA combination to find out the best pair through 50 years of data across stock / forex and 5 years of data across crypto markets . We have done the hard work and you get the benefits .
P.S. The oldest date is 1872 on SPCFD:SPX chart on tradingview . Almost 150 years of backtesting is possible from 1872 to 2020!
🔵 Cloud Signals :
This is a strategy made from ichimoku cloud , together with MACD . Changed Ichimoku cloud formula. Based on that we have a long or a short entry.
it is an effective strategy when paired with a trailing stop loss. Removed standard line ( Kijun Sen ), turning line ( Tenkan Sen ), lagging line ( Chikou Span ) and senkou lines, added buy & sell signals. Traders can use EngineeringRobo's cloud to see the clouds on the chart.
This method doesn't work in sideways markets, only in volatile trending markets.
🔵 EMA TrendLines & Custom Moving Average :
Moving averages help traders isolate the trend in a security or market, or the lack of one, and can also signal when a trend may be reversing. Two of the most common types are simple and exponential. We will look at the differences between these two moving averages, helping traders determine which one to use. Simple moving averages and the more complex exponential moving averages help visualize the trend by smoothing out price movements.
Each trader must decide which MA is better for his or her particular strategy. Many shorter-term traders use EMAs because they want to be alerted as soon as the price is moving the other way. Longer-term traders tend to rely on SMAs since these investors aren't rushing to act and prefer to be less actively engaged in their trades.
🟠50 And 200 Day Moving Average Rules
Trend reversal (downtrend to uptrend) - MA 50 crossover MA 200 from below.
Trend reversal (uptrend to downtrend) - MA 50 crossover MA 200 from above.
Weekly open –close above MA 20 ( bullish trend )
Weekly open –close below MA 50 ( Bearish trend )
Super Bullish : The candle is above MA 20 ( Daily )
Bullish : MA 50 Above MA 100 ( Daily )
Bearish : MA 50 below MA 100 ( Daily )
🔵 Fear & Greed Index
This strategy uses two unique EMA indicators in the formula.
1. Use the indicator to identify when investors are greedy.
2. Use the indicator to identify potential bottom levels
For best testing example:
Open BLX Chart, pick 1D time frame, open only FEAR & Greed Index
🟢Green Area : Ready to buy a lot of cryptocurrencies
🔴Red Area : Ready to sell a lot of cryptocurrencies
Price crosses above red line = Entering overbought zone
Price crosses below red line = Exiting overbought zone
Price crosses below green line = Entering oversold zone
Price crosses above green line = Exiting oversold zone
🔵 Automated Trend Channel Lines
It’s 2020 and you are still drawing lines?
The automated trend lines helps you find the best trend lines and you can stop re-drawing over and over. You don't need to flip back and forth between different timeframes. You can let your robo advisor do the work for you.
🔵 Dynamic Support and Resistance Levels
On the most fundamental level, support and resistance are simple concepts. The price finds a level that it’s unable to break through, with this level acting as a barrier of some sort. In the case of support, price finds a “floor,” while in the case of resistance, it finds a “ceiling.”
Basically, you could think of support as a zone of demand and resistance as a zone of supply.
While more traditionally, support and resistance are indicated as lines, the real-world cases are usually not as precise. Bear in mind; the markets aren’t driven by some physical law that prevents them from breaching a specific level. This is why it may be more beneficial to think of support and resistance as areas. You can think of these areas as ranges on a price chart that will likely drive increased activity from traders.
🔵 Automated Fibonacci Retracements
Automatic Fibonacci let you replace subjective manual analysis with objective automated analysis so you always get the best Fibonacci levels, this can really improve the quality of your trading decisions.
Fibonacci retracements are often used to identify the end of a correction or a counter-trend bounce. Corrections and counter-trend bounces often retrace a portion of the prior move. While short 23.6% retracements do occur, the 38.2-61.8% zone covers the most possibilities (with 50% in the middle). This zone may seem big, but it is just a reversal alert zone. One of the best ways to use the Fibonacci retracement tool is to spot potential support and resistance levels and see if they line up with Fibonacci retracement levels.
Even though Fibonacci levels are extremely popular among technical traders, one should not rely solely on Fibonacci retracement and extension levels in trading. Fibonacci tools return the best results when combined with other technical tools, such as trendlines , chart patterns, candlestick patterns, channels or technical indicators.
If you are following any EngineeringRobo Deluxe signals, you should always wait for the candle close before buying or selling.
The signal can come and go anytime during the live candle. ALL indicators do that, that is not considered repainting.
Repainting is when a signal appears, the candle is closed, and when you refresh the chart it disappeared. It is logical that until the candle is closed the signal is not decided yet, hence the alert setup as Once per bar Close.
Deluxe never repaints! Yes, you heard it right: you will never have to worry about signal changing after the candle is closed.
*** Added alarm system alerts for all signals.
________________________________________________________________________ Timeframes _____________________________________________________________________
Our recommendations to get the best results:
Swing Trading Crypto : Use 1D Time Frame Candles
Swing Trading Stocks : Use 1W Time Frame Candles
Swing Trading Commodities : Use 1W Time Frame Candles
Day Trading Crypto : Use 3H Time Frame Candles
Day Trading Stocks : Use 1D Time Frame Candles
Day Trading Commodities : Use 1D Time Frame Candles
Not recommended any other time frames.
What Is Risk-Reward Ratio RRR?
Your risk-reward ratio is how much you risk per trade, relative to how much you expect to make (reward).
When trading with Robo , you should always aim for a bigger reward compared to your risk per trade.
A good rule is only to risk 1% per trade for day traders and 5% per trade for swing trader . Robo follows strong risk management rules on the algorithm .
One of the biggest advantages of algo trading is removing human emotion from the financial markets,humans trading are susceptible to emotions that lead to irrational decisions. Robo doesn't have to think or feel good to make a trade. If conditions are met, it enters.When the trade goes the wrong way or hits a profit target, It exits. It doesn't get angry at the market or feel invincible after making a few good trades.
EngineeringRobo gives you all the tools and information you need for day-to-day trading and investing, while also keeping a great buy and sell signals! No excuse to lose in any financial market anymore! Try now!
How can you add the algorithm into your chart?
1. Login to TradingView.com
2. From the homepage, click on ‘Chart’ in the top navigation bar
3. Select “Indicators” on the top-center-middle panel
4. In the indicator library, type "EngineeringRobo Deluxe "
5. Use the website link below to obtain access to this indicator
The indicator will be added to your chart after It is approved.
Adaptive Trend (Expo)Adaptive Trend (Expo)
DESCRIPTION
This Adaptive Trend (Expo) indicator is used to detect trends as well as to adapt to the trend characteristic in order to filter-out trend noise. Having an indicator like this enables professional traders to stay longer in trends. The indicator is also equipped with upper- and lower boundaries as well as a mid-line.
Positive trend
If the two trendlines (positive & negative trendline) emerges into one single line, it’s regarded as a positive trend. If a green cloud is painted in the indicator it’s a sign that the indicator is categorizing that price move as noise, and thus the professional trader should keep their long position, or enter Long.
Negative trend
If the two trendlines (positive & negative trendline) separates and become two lines as well as a red cloud is painted in the indicator, this is regarded as a negative trend.
As a general rule, if the ‘positive & negative trendline’ is above the midline there is a positive trend. If the ‘positive & negative trendline’ is below the midline there is a negative trend.
You have the possibility to change the ‘trendvalue’, a shorter length is more sensitive than a longer length.
HOW TO USE
1. Use the indicator to identify trends.
2. Use the indicator as a trend following strategy.
INDICATOR IN ACTION
EURUSD
EURUSD
EURUSD
BTCUSD
The indicator works with RENKO, HEIKIN ASHI and with KAGI charts as well.
I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
[Coingrats] Trading strategie v1 [BETA]//=================================================================================================
THIS IS A BETA VERSION AND FREE TO USE FOR EVERYONE.
BECOME BETA TESTER, PLACE A COMMENT. FEEDBACK IS VALUED.
WHEN THE BETA PERIOD IS EXPIRED THIS SCRIPT WILL BE ADAPTED TO A FREE VERSION
FOR THE BETA TESTERS (DON'T FORGET YOUR COMMENT) THERE IS A LIFETIME OFFER FOR THE PREMIUM
I DEVELOPED THIS STRATEGY TO QUICKLY DISCOVER TREND CHANGES OR WHERE INDECISION IS PRESENT
DO NOT TRADE BLINDLY, BUT CHECK THE FINDINGS THAT YOU SEE ON THE CHART
USE WITH HOLLOW CANDLES ONLY!!!!
ALL PROCESSED IN ONE INDICATOR, ALSO WITH A FREE TRADINGVIEW ACCOUNT YOU CAN USE HIM.
FOR CONFIRMTION YOU CAN ADD THE INDICATORS RSI AND MACD
WE ARE ALSO DEVELOPING OUR OWN CRYPTORADAR THAT CAN GIVE YOU VARIOUS SIGNALS ON TELEGRAM.
CHECK THE WEBSITE MYCRYPTORADAR.COM
//=================================================================================================
//INFO DIVERGENCE STRATEGIE
- When there is a line visible the bull(green)/bear(red) divergence is legit. Go long or short
- When there is a green triangle above a candle, take some profits on the bull divergence
- When there is a red triangle below a candle, take some profits on the bear divergence
- You can play with the settings but i think this are the best settings.
- Standard settings work best on higher timeframe (4H or higher)
//INFO PIVOT REVERSAL STRATEGIE
- When there is a green cross under a candle = possible signal to go long
- When there is a red cross above a candle = possible signal to go short
//INFO S/R LINES AND TRENDLINES
- Automatic set S/R levels on the timeframe on your chart
- In the settings you can enable trendlines on your chart
- Calculation mode = strict. You get a clean chart with major S/R lines
- Calculation mode = loose. You get a chart with more S/R lines. It helps to find orderblocks
- Top and bottom fractal source. Choose what you like for setting the S/R lines
//INFO CANDLE STRATEGIE
- Paints outside candles green
- Paints inside candles blue
- Paints highwave candles purple
- Paints morning star patterns red
- Paints evening star patterns grey
- Marked bullish engulfing with a green BE mark
- Marked bearish engulfing with a red BE mark
//INFO EMA - SMA
- You have the choice of 5x EMA and 3X SMA lines
- Including crossover alerts for all crossovers
- Standard only crossover EMA8 - EMA21, Golden cross & Death cross (SMA) signals are enabled
- Signal// EMA8 - EMA21 crossover marked a bleu/purple dot on the crossover
- Signal// Golden cross marked a golden cross on the crossover
- Signal// Death cross marked a red cross on the crossover
- In the settings you can set your own crossover alerts
[AN] Traders Magic OscilatorsOscillator that determines the current trend and signals possible trend reversals.
Best used alongside Gaussian Trendlines ()
Linear Regression Trendline on Close
This indicator draws a linear regression trendline that connects the closing prices of the last N candles, where N is a user-defined input.
🔹 Key Features:
Uses least-squares linear regression to fit a straight line to recent closes
Automatically adapts to any timeframe (5min, 1h, daily, etc.)
Input lets you select how many recent candles to include
Helps identify short-term trend direction and momentum
🔸 How to Use:
Set the "Number of Candles" input to choose how far back the regression line should look
The line updates in real time as new candles form
Use it to gauge short-term bias, or combine with support/resistance/zones for confirmation
🧠 Tip: Increase the number of candles for smoother trends; decrease for more reactive trendlines.
CPR-Based Fib S/R with Circles by Arthavidhi📌 **CPR-Based Fibonacci S/R with Circles – Description**
This indicator combines the power of **CPR (Central Pivot Range)** and **Fibonacci ratios** to plot highly probable intraday and swing Support/Resistance levels derived from the **daily price structure**.
### 🧠 **How It Works**
* It uses the **Daily High, Low, and Close** to calculate the **Pivot Point** (P) as:
`P = (High + Low + Close) / 3`
* Then it calculates the **daily range**:
`Range = High - Low`
* Using this pivot and range, it derives both **Fibonacci-based Support and Resistance levels**:
* **Support levels** at: 0.382, 0.5, 0.618, 1.0, 1.272, 1.618 below pivot
* **Resistance levels** at: 0.382, 0.5, 0.618, 1.0, 1.272, 1.618 above pivot
These are **plotted as small colored circles** on your chart, with **labels on the left** for easy identification of each Fib level (e.g., "0.382", "1.618").
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### 📈 **How to Use It**
🔹 **Intraday or Swing Traders**:
* Use these levels to **anticipate reversals**, **breakouts**, or **targets**.
* The levels act like a **natural price magnet** — price tends to pause, bounce, or reverse near them.
🔹 **Entry/Exit Zones**:
* Combine with price action (like pin bars, engulfing, or inside bars) or volume near these levels to plan entries.
* **R1.618 and S1.618** are great for extended targets or aggressive reversal setups.
🔹 **CPR Center Line**:
* Acts as a key mean-reversion zone or midline. You can combine this with VWAP or RSI for confirmation.
---
### 🧩 **Best Practices**
* **Higher Timeframe Confluence**: Align this with HTF S/R or trendlines.
* **Use Alerts**: Combine this with price action alerting tools (manually or with separate indicators).
* **Do Not Use Alone**: For best results, combine with a strategy (e.g., Supply/Demand, VWAP bounce, Trendline breaks).
Base Detector Pro [AletheiaTradeLab]This custom Trading View indicator combines William O’Neal “Base” patterns with several complementary tools—David Ryan’s ANT indicator, key pivot‐based price levels, index and earnings lines, relative strength (RS) line, and moving averages—to help you pinpoint base formations and validate whether each one merits a trade.
1. Bases (William O'Neal)
A “base” is simply a period of price consolidation following a significant run-up. During this phase, a stock moves mostly sideways within a defined trading range, forming clear support and resistance lines.
Key Criteria for a Valid Base
- Prior Uptrend
Before a base begins, the stock should already have a healthy advance—typically at least a 30% gain.
- Shapes of Bases
Bases can form in several distinct geometric patterns, each signaling a different kind of consolidation and potential breakout:
Flat Base
Shape : A horizontal rectangle bounded by nearly parallel support (bottom) and resistance (top) trendlines.
Minimum Length : 5 weeks
Maximum Length : 65 weeks
Depth : < 15%
Pivot Point : Left-side high of base
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Cup Base
Shape : A smooth, rounded “U” curve.
Minimum Length : 6 weeks
Maximum Length : 65 weeks
Minimum Depth : 8%
Maximum Depth : 50%
Pivot Point : Left-side high of base
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Sauce Base
Shape : A very gradual, broad “U” curve, often taking more length than cup bases.
Minimum Length : 6 weeks
Maximum Length : 65 weeks
Minimum Depth : 8%
Maximum Depth : 50%
Pivot Point : Left-side high of base
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Cup with Handle Base
Shape : A “U”‐shaped cup followed by a smaller downward-sloping flag or channel (the handle).
Minimum Length : 6 weeks
Maximum Length : 65 weeks
Minimum Depth : 8%
Maximum Depth : 50%
Pivot Point : High of the handle
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Saucer with Handle Base
Shape : Similar to cup with handle, but cup looks like the saucer base.
Minimum Length : 6 weeks
Maximum Length : 65 weeks
Minimum Depth : 8%
Maximum Depth : 50%
Pivot Point : High of the handle
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Ascending Base
Shape : An upward-sloping channel or wedge with 3 pullbacks. Each pullback low should be higher than the previous one. It needs around 20% increase from a base to the other.
Minimum Length : 8 weeks
Maximum Length : 16 weeks
Minimum Depth : 8%
Maximum Depth : 50%
Pivot Point : Left-side high of third base
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Consolidation Base
Shape : Similar to flat base, but wider and fails to form any of the above bases.
Minimum Length : 8 weeks
Maximum Length : 16 weeks
Minimum Depth : 8%
Maximum Depth : 50%
Pivot Point : Left-side high of base
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- Base Stages
Once a stock has completed its initial 30% run-up and formed its first base, that pattern is labeled Stage 1.
After a breakout from Stage N, the stock must rally at least 20% above the Stage N pivot (the base’s resistance point). If it does, the next valid base becomes Stage N + 1.
When a breakout fails to advance at least 20% a base on base forms. This is considered an extension for the current base stage, and a letter is assigned after the stage number.
When a breakout fails and the price undercuts the low for the previous base, the base stages reset, and a rally of 30% will be needed to form a new stage 1 base.
Note that for IPO stocks, a 30% increase is not required to form the first base. As soon as it meets any of the shape of any of the available bases, it will be drawn.
- Base statistics
To help you determine how healthy is a base, some statistics are available when you hover on the small dot shown above the high-left side of each base.
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Base : The specific pattern type (Flat, Cup, Sauce, etc.).
Stage : The stage number of the base (1, 2, 3 …) and, in parentheses, how many distinct bases have formed since the very first base (including base-on-base like 1a, 1b, etc.).
Pivot : The resistance level that defines the top of the base. A close above this price often signals a valid breakout and a potential entry point.
Length : The number of bars (days on a daily chart; weeks on a weekly chart) between the start of the base and the bar immediately before breakout. (The initial bar and the breakout bar themselves are not counted.)
Depth : How far, in percentage terms, the low of the base has fallen below its left-side high.
Prior Uptrend : The percent gain from the pivot of the previous base up to the start of the current base.
Blue/Red Count : The number of up days (Blue) and down days (Red) during the base where volume was above the 50-period moving average.
Price % : The percent change from the close at the end of the base to the close at the breakout bar.
Volume % : The percent difference between the volume on the breakout bar and the 50-period average volume at the end of the base.
2. ANT Indicator (David Ryan)
The ANT indicator, developed by David Ryan, is a momentum-based signal used to identify high-potential breakout candidates during a stock’s run-up phase. It complements the base patterns by flagging moments of unusually strong price and volume activity within an uptrend, helping confirm emerging strength before or during a base formation.
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3. Key Price Levels (Pivots)
Plots recent pivot-based support and resistance levels.
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4. Index Line Overlay
Overlays a chosen index (e.g. SPX) on the top portion of the chart to compare relative performance.
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5. Relative Strength (RS) Line
Plots the price ratio of the symbol vs. an index (e.g. SPX) to identify outperformance.
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6. Moving Averages (SMA & RS-MA)
Allows up to four simple (or exponential) moving averages on price (daily/weekly) and three on the RS line.
7. Earnings Line & EPS Change
Marks earnings events on daily/weekly charts and optionally plots YoY EPS change in a lower portion of the chart. The earnings line also shows a projection to estimated earnings. To maintain alignment with the price chart, the line and YoY EPS data are limited to the most recent 28 quarters on weekly charts and 8 quarters on daily charts. For analyzing older data, you can use the replay feature.
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8. Bars
Since Trading View displays very thin bars when zoomed out, I added 2-pixel-wide vertical lines over the bars to make them easier to see.
9. Dark Theme
I added this for a quick workaround to adapt colors for dark theme. Enabling this overrides any custom settings. Uncheck to customize colors.
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Volume Profile With HVN & LVN detectorVolume Profile Indicator
Based on the works of tradeforopp
Overview
The Volume Profile Indicator is a powerful technical analysis tool that visually represents the distribution of trading volume over price levels within a specified timeframe. It helps traders identify key support and resistance zones, high-volume trading areas, and low-volume rejection zones. The indicator includes customizable settings for Volume Point of Control (VPOC), High Volume Nodes (HVNs), and Low Volume Nodes (LVNs), making it a versatile tool for price action analysis and volume-based decision-making.
Key Features
🔹 Customizable Volume Profile
Adjustable number of rows to define the resolution of the volume profile.
Configurable timeframe aggregation for profile calculation (e.g., Daily, Weekly).
Selectable price resolution timeframe for precise profile construction.
Extendable volume profile for future sessions.
Fully customizable profile color and transparency settings.
🔹 Volume Point of Control (VPOC)
Displays the most traded price level within the selected timeframe.
Option to extend multiple VPOCs across the chart.
Adjustable VPOC line width and color customization.
Option to display VPOC labels when working with higher timeframe profiles.
🔹 High Volume Nodes (HVNs)
Identifies high-volume price levels where significant trading activity has occurred.
Configurable HVN strength to adjust detection sensitivity.
Two display modes:
Lines: Plots HVN levels as horizontal lines.
Areas: Highlights HVN regions with colored boxes.
Separate bullish and bearish HVN color settings.
🔹 Low Volume Nodes (LVNs)
Identifies low-volume price levels, which often act as rejection zones.
Configurable LVN strength to fine-tune detection.
Two display modes:
Lines: Marks LVN levels as horizontal lines.
Areas: Highlights LVN regions with shaded boxes.
Separate bullish and bearish LVN color settings.
🔹 Optimized for Performance
Efficient use of arrays for data storage and retrieval.
Global functions for HVN and LVN detection.
Uses security calls to access lower timeframe price and volume data.
Use Cases
✅ Identify Support & Resistance Levels
The indicator highlights key price levels where significant buying or selling interest exists.
✅ Detect Breakout & Reversal Zones
Low-volume areas (LVNs) often indicate price rejection zones, while high-volume areas (HVNs) suggest strong price acceptance zones.
✅ Improve Trade Entries & Exits
Traders can use the Volume Point of Control (VPOC) and volume clusters to refine entry and exit points.
✅ Enhance Price Action Strategies
By incorporating volume-based analysis, this indicator provides deeper market insights beyond traditional support/resistance and trendlines.
Customization & Settings
📌 Volume Profile Settings:
Rows: Defines the granularity of the volume profile.
Profile Timeframe: Specifies the aggregation period (e.g., Daily, Weekly).
Resolution Timeframe: Determines the price resolution for volume analysis.
Profile Extend %: Controls how much the profile extends into the next session.
📌 Volume Point of Control (VPOC):
Enable/Disable VPOC visualization.
Extend past VPOC levels to the right.
Display VPOC labels for higher timeframe profiles.
Adjustable VPOC line width and color.
📌 High Volume Nodes (HVNs):
Enable/Disable HVN detection.
Define HVN strength (volume threshold).
Choose between Line Mode or Area Mode.
Configure bullish and bearish HVN colors.
📌 Low Volume Nodes (LVNs):
Enable/Disable LVN detection.
Define LVN strength (volume threshold).
Choose between Line Mode or Area Mode.
Configure bullish and bearish LVN colors.
Valid Pullbacks Tradinghub 3This script helps identify valid pullbacks. Based on the marked pullbacks, it can draw both internal and external structure trendlines.
A pullback is marked with a small triangle above or below the candle that created the local high or low.
A new local high is marked with a red triangle above the candle if at least one subsequent candle has a low lower than the low of the candle that created the new local high.
A new local low is marked with a green triangle below the candle if at least one subsequent candle has a high higher than the high of the candle that created the new local low.
Based on the marked local highs and lows, the internal structure trendline is created by simply connecting all highs and lows with a line.
The external structure is drawn in a similar way, but only highs and lows that have broken the previous structure are connected. This helps focus on important pivots and better understand the market structure.
Potential Upcoming Trend ToolThis Script has the specific use of identifying when and how a new trend may start to take form, rather than focusing on how a trend has already formed on a longer term basis.
This Script is useful on it's own and not in conjunction with another. It works by taking on the most recent price data rather than a long term historical string.
It differs from standard trend following indicators because it's use is far less historical, and more present. It requires less pivot points than normal to be validated as a strong trend.
It works by taking local pivot points and fractals to form its parallel basis. The Trend lines will continually move as more recent price action data appears and the the channel will get thinner, until it is clear a trend has arrived and consolidated.
The idea really is to see a constantly evolving picture of a sudden change in movement, allowing you to have an earlier eye on what is potentially to come.
The faint mid-point line gives a reasonable reading of where you would find yourself halfway within a new trend and will also move inline with the shown trendlines.
This allows you to easily track when sentiment and therefore trends are about to change. It's much more useful on lower timeframes because they will often give the first indication something is changing.
Colours are fully customisable.
Valid Pullbacks and Trend by kpt. GonzoThis script helps identify valid pullbacks. Based on the marked pullbacks, it can draw both internal and external structure trendlines.
A pullback is marked with a small triangle above or below the candle that created the local high or low.
A new local high is marked with a red triangle above the candle if at least one subsequent candle has a low lower than the low of the candle that created the new local high.
A new local low is marked with a green triangle below the candle if at least one subsequent candle has a high higher than the high of the candle that created the new local low.
Based on the marked local highs and lows, the internal structure trendline is created by simply connecting all highs and lows with a line.
The external structure is drawn in a similar way, but only highs and lows that have broken the previous structure are connected. This helps focus on important pivots and better understand the market structure.
Farley's Accumulation-Distribution Accelerator (ADA)Farley's ADA (From The Master Swing Trader)
What it is :
ADA is designed to track volume oscillations in the market and reduce the impact of shock events.
It observes the supply-demand dynamics within the market, which can trigger natural levels of price reversals.
How It Works
Volume and Price Relationship: ADA measures the lag between price and volume movements. It highlights when volume leads or lags behind price changes, helping traders identify potential reversals or trends.
Signal Generation: ADA can generate faster and cleaner signals compared to traditional indicators like On-Balance Volume (OBV).
Usage
Support and Resistance: ADA formations can help identify support and resistance levels and trendlines.
detect natural levels where price reversals might occur.
Trend Identification: Look for significant divergences between ADA and price action to identify potential trend reversals.
Volume Analysis: Use ADA to anticipate pauses in price movements when volume leads, and expect dynamic trends when ADA significantly moves ahead of price action.
[DarkTrader] Intersection Level & PredictionLinear Regression Function Reference by @RicardoSantos :
The Intersection Level Calculation process identifies critical price levels where significant market reactions are expected. It starts by analyzing historical price action and technical indicators to pinpoint key support and resistance levels.
Price Forecast Min represents the predicted lowest price level that the asset might reach, while Price Forecast Max indicates the anticipated highest price level. These projections are calculated using statistical methods and historical price patterns, allowing traders to anticipate potential support and resistance zones. By providing these forecasts, traders can better manage their risk and set more informed entry and exit points based on projected price movements.
Example Of Prediction (Before & After)
Predicting Future Price Movements :
Once the intersection levels are identified, the indicator uses various predictive models to forecast what price might do next when it approaches these levels. Here’s a breakdown of how it achieves this :
Price Reaction Analysis: The indicator assesses how price has historically reacted to similar intersection levels. For instance, if price has reversed from a certain support level multiple times, the indicator can predict a potential reversal or bounce when price approaches that level again.
Trend Continuation or Reversal: It examines the strength of the current trend by analyzing momentum indicators, volume, and the angle or direction of trendlines. Based on this, it can predict whether price is likely to break through an intersection level, signaling trend continuation, or bounce off it, indicating a potential reversal.
Confluence of Factors: The prediction mechanism becomes more accurate when multiple factors converge at the same intersection level. For example, if a trendline, moving average, and support zone all intersect at the same price point, the indicator predicts a stronger likelihood of significant price movement.
Market Volatility and Momentum: The indicator also considers current market volatility and momentum in its prediction. For example, if price approaches an intersection level with high momentum, it might predict a breakout, whereas low momentum might suggest consolidation or a weaker price reaction.
In this indicator, I utilize Linear Regression to forecast price movements by analyzing historical data trends. Linear Regression involves fitting a straight line to past price data, enabling me to model and project future price levels based on identified trends. This method calculates a trend line that best represents the historical price behavior, providing a foundation for predicting future price points. By extending this trend line, I can estimate where prices might move, incorporating a range to account for potential deviations. This approach helps in identifying both minimum and maximum forecasted prices, offering valuable insights into potential market directions.
Power Trends [UkutaLabs]█ OVERVIEW
The Power Trends Indicator is a versatile trading toolkit that offers unique insight into key price levels in the market. This script uses currently relevant price-action information to automatically detect pivot levels and use them to create powerful trendlines.
The aim of this script is to improve the trading experience of users by offering a versatile toolkit that can be used in a wide variety of trading strategies to help simplify the complexities of the market.
█ USAGE
The Power Trends Indicator will automatically identify pivot points in real-time using recent price-action information to ensure that all points being identified are relevant. Using these pivot points, the script then draws powerful trend lines that can be used as levels of resistance and support.
To ensure that only the most relevant information is being presented, only the most recent trend lines will be displayed on the user’s charts. As new trend lines are being drawn, older trend lines will become thinner so that traders can identify the most relevant lines at a glance.
The price of the most recent high and low pivot points will also be displayed on the chart and can be used as further levels of resistance and support.
When a recent pivot level is broken, it will be identified as a Break of Structure. This signifies that there may have been a change in market strength.
The Power Trends Indicator also supports multiple time frame mapping, allowing you to mirror the trend lines that would be drawn on higher time frame charts onto lower time frame charts. This feature allows traders to be aware of the market structure of multiple charts at a glance from a single chart.
When mirroring some higher time frame trend lines, lines may appear to not align properly with current time frame bars. This is done intentionally to ensure lines are being drawn accurately to their position on the higher time frame charts.
█ SETTINGS
Current Time Frame
• Display (On/Off): Determines whether or not trend lines are drawn from the current time frame.
• High Color: Determines the color of trend lines drawn on high pivots.
• Low Color: Determines the color of trend lines drawn on low pivots.
5 Minute (Higher Time Frame)
• Display (On/Off): Determines whether or not trend lines are drawn from the 5 minute higher time frame.
• High Color: Determines the color of trend lines drawn on high pivots from the 5 minute higher time frame.
• Low Color: Determines the color of trend lines drawn on low pivots from the 5 minute higher time frame.
15 Minute (Higher Time Frame)
• Display (On/Off): Determines whether or not trend lines are drawn from the 15 minute higher time frame.
• High Color: Determines the color of trend lines drawn on high pivots from the 15 minute higher time frame.
• Low Color: Determines the color of trend lines drawn on low pivots from the 15 minute higher time frame.
30 Minute (Higher Time Frame)
• Display (On/Off): Determines whether or not trend lines are drawn from the 30 minute higher time frame.
• High Color: Determines the color of trend lines drawn on high pivots from the 30 minute higher time frame.
• Low Color: Determines the color of trend lines drawn on low pivots from the 30 minute higher time frame.
60 Minute (Higher Time Frame)
• Display (On/Off): Determines whether or not trend lines are drawn from the 60 minute higher time frame.
• High Color: Determines the color of trend lines drawn on high pivots from the 60 minute higher time frame.
• Low Color: Determines the color of trend lines drawn on low pivots from the 60 minute higher time frame.
240 Minute (Higher Time Frame)
• Display (On/Off): Determines whether or not trend lines are drawn from the 240 minute higher time frame.
• High Color: Determines the color of trend lines drawn on high pivots from the 240 minute higher time frame.
• Low Color: Determines the color of trend lines drawn on low pivots from the 240 minute higher time frame.
Daily (Higher Time Frame)
• Display (On/Off): Determines whether or not trend lines are drawn from the daily time frame.
• High Color: Determines the color of trend lines drawn on high pivots from the daily higher time frame.
• Low Color: Determines the color of trend lines drawn on low pivots from the daily higher time frame.
Universal RPPI Equities [SS Premium]Introducing the RPPI for Equities indicator.
Like its companion the RPPI for futures and indices, the RPPI for Equities is a compendium indicator of sorts, containing multiple different math based models for various equities tickers.
However, unlike the RPPI for futures and indices, the RPI for equities also has the ability to autogenerate a model that is tailored to the volatility of equities, if a base model does not exist within its compendium.
How Does it work and what does it do?
The RPPI contains multiple models that have been developed and corrected by myself, an example of which can be visualized in the above chart for the NYSE:DIS ticker. These models aim to forecast intraday, weekly and monthly price movements and help you to ascertain target prices that are realistic and achievable within your desired timeframe.
Which timeframes are availabe?
The indicator supports the following timeframes:
1. Daily
2. Weekly
3. Monthly
4. 3 Hour
5. 3 Month
What are some of the features?
So in addition to forecasting on the various timeframes, there are some innate functionalities and capabilities that have been programmed into the RPPI, in the same way they have been programmed into the futures version. These include:
1. Displaying Range Accumulation Zones & Standard Deviation
2. Performing autoregression assessments to help ascertain likely trajectory
3. Running Probability assessments on all timeframes
4. Displaying model performance via the demographic function.
While these features may not be new to you, I will go over them briefly below.
Displaying Range Accumulation Zones:
In the above example, you can see NVDA on the daily timeframe. The accumulation zones are displayed in blue and as a percentage value. We can see that the majority of the accumulation rested to the upside.
The prevailing theory with price accumulation is a ticker will frequently retrace and revisit areas of high accumulation, as these represent areas of demand and high volume.
Performing Autoregression Assessment
When you toggle on the autoregression assessment, you will get 3, trendlines. These represent the projected trajectory of the high, low and close. You can set your forecast length out as long or as short as you want.
The indicator will auto-select the best length and plot out the hypothesized trajectory based on the strongest identified trend.
Running Probabilities
To run probabilities, it is important to remember to be on the timeframe you wish to run the probabilities for. So, if you wish to run them on the daily timeframe, make sure your chart is on the daily and the indicator is set to "Daily" timeframe.
Once toggled on, you will get an assessment that looks like this:
This will display a breakdown of all previous instances of similar setups, and it will show you how many times each target were hit and give you an overall assessment of the likely sentiment, as well as the backtest results.
There are two types of probability options, "Momentum" and "Z-Score". The momentum is based on the underlying technicals, such as RSI and Stochastics; whereas, z-score is an assessment of standard deviation. If you want to know which one is "Best", you simply need look at the backtest results.
Displaying Model Performance:
To display model performance, go into the settings menu and select "Demographic Data".
As with the probabilities, please make sure you are set to the appropriate chart timeframe. If you are not, you will get an error message telling you to modify your timeframe.
This will break down how many times a ticker closes above or below its range, how many times the retracement target (GT) is hit and how many times, on average, a ticker hits the second high or second low target. This gives you some very useful stats to help you with your assessment (i.e. the TSLA example shows that, on the weekly timeframe, closing the week outside of the range only happens 11% of the time, so if we make a run outside of the range on a Monday or Tuesday, you know a good setup could be to short it and vice versa to the downside).
Warnings and Messages
This is not so much a feature of the indicator but just a reference to be aware of. In the settings menu, there is an option to "Show Warnings". This will prompt you with any warnings that exist on any ticker model. For example, if we look at the warnings for TSLA:
And AAPL:
Not all tickers have warnings, but the ones that you need to be aware of are programmed into the indicator for your reference.
Which models does this contain?
This contains over 30 different stock models, from LMT, BA, CSCO and GE to TSLA, NVDA, AAPL, GOOG, PCAR, META, ADBE and the list goes on.
As stated previously, it does have the ability to autofit.
WARNING
As a general warning, do not use this indicator to autofit to indices or futures. The parameters are set to what I find works best for equities and heightened volatility, it will not work great for indices. Please refer to other resources, such as the Universal Forecaster for such things as the equities RPPI will provide unreliable results if you are trying to cross use between different types of unintended equities (i.e. CFDs, Futures or Indicies)! I
As always, leave your questions and comments below.
Please be sure to read the instructions above the adding to favorites regarding how to access the indicator.
Thanks for reading and safe trades as always!
Fibonacci internal Break of Range PinescriptlabsThe uniqueness of this script lies in the synergy and dynamic interaction resulting from the advanced combination of key elements of technical analysis in the way it strategically merges Fibonacci Levels with the Linear Regression Channel and the internal price structure, creating a highly synergistic market analysis system.
The Linear Regression Channel, drawn from price regression and its standard deviation over a defined number of bars, offers a graphical representation of the prevailing market trend. The combination of this channel with Fibonacci Levels is deliberate and critical: the levels serve as additional filters to validate range breakouts within the channel, and vice versa, channel breakouts enhance the importance of Fibonacci levels by adjusting to the market context, represented by the specific length and displacement within the chart.
Fibonacci levels are updated with each new bar, and the detection of Break of Range (BoR) is integrated with the Fibonacci level plot to highlight significant breakout points. A unique aspect of this script is the way breakouts are identified not only by the price crossing certain Fibonacci levels but also by volume context and candlestick patterns, such as Engulfing patterns, which signal potential changes in market trends.
This interaction between the Linear Regression Channel and Fibonacci Levels, for example, a bullish price breakout above the upper channel boundary simultaneously crossing a significant Fibonacci level, suggests not only a possible continuation of the uptrend but also a strong support level established. Similarly, a bearish price breakout below the lower channel boundary, coinciding with a Fibonacci level, may signal a trend reversal confirmation and a new resistance level.
This script delves further into signal convergence, where the interaction between Break of Range and Fibonacci levels marks bullish and bearish breakouts, respectively, and when these signals coincide with breakouts of any Fibonacci level, they provide cross-confirmation that increases confidence in the generated signal. "BoR+Fib🔼" and "BoR+Fib🔽."
Additionally, the script introduces an innovative implementation of the Linear Regression Channel, which uses a customizable period and standard deviation to plot upper and lower trendlines. This approach allows traders to anticipate potential re-entry points after a breakout, as prices often retest the channel edges, providing low and high entry confirmation opportunities.
A differentiating technical aspect is the conditional logic implemented for bullish and bearish trend signal confirmation. For example, the script calibrates signals based on the intersection of price action with critical Fibonacci levels and confirmed candlestick patterns, enhancing signal reliability compared to using these indicators in isolation.
Key Features:
1. Dynamic calculation of Fibonacci levels.
2. Detection of internal price range breakouts (Break of Range).
3. Linear Regression Channel.
4. Detection of candlestick patterns (Engulfing Patterns).
Dynamic Fibonacci Level Calculation and Internal Range Breakout Detection (Break of Range):
The fusion of Fibonacci levels with the detection of internal range breakouts is crucial because it allows for precise identification of market turning points. Fibonacci levels act as initial filters, indicating potential support and resistance zones. When the price crosses a key Fibonacci level, especially in conjunction with an internal range breakout, the resulting signal is stronger and more reliable. This confluence significantly increases the probability of sustainable price movement.
Broken:
Function: The code identifies breakouts when the price crosses a key Fibonacci level (0%, 100%). A breakout is significant if the price crosses and holds beyond these levels.
Interaction: Breakouts validate Fibonacci levels. For example, a breakout above the 0% Fibonacci level can confirm an uptrend.
Structure Change:
Function: In the code, Structure Change can be interpreted through the detection of pivot patterns and price structure change signals, which we identify as Break of Range.
Interaction: This component acts as confirmation for range breakouts and Fibonacci levels. For example, if a range breakout is followed by a change in price structure (such as the formation of a new higher high), it strengthens the validity of the range breakout signal.
"BoR+Fib🔽": Indicates a bearish range breakout that has also crossed a Fibonacci level downward. This can be interpreted as a sell signal or a bearish trend indication.
"BoR+Fib🔼": Represents a bullish range breakout that has also crossed a Fibonacci level upward. It can be interpreted as a buy signal or a bullish trend indication.
Linear Regression Channel:
Function: The Linear Regression Channel is calculated and drawn using a defined number of bars to establish the overall market trend. Calculations involve summing and averaging closing prices and their products with the time index to calculate the regression line and its standard deviation. The script uses this channel to contextualize Fibonacci signals and range breakouts, with breakouts occurring in the direction of the channel's trend.
Interaction: Provides context to Fibonacci signals and range breakouts. For example, if a range breakout occurs in the same direction as indicated by the Linear Regression Channel, this adds credibility to the signal.
Integration Benefit: The Linear Regression Channel provides an overall trend context. When a range breakout signal and a Fibonacci level coincide within the direction indicated by the channel, the signal's validity is strengthened.
Signal Convergence: An ideal scenario occurs when all elements converge. For example, a good entry point could be when the price experiences a range breakout from a significant Fibonacci level, there is a change in price structure in the same direction, and all of this aligns with the trend indicated by the Linear Regression Channel.
Dynamic Volatility Visualization: Adjusts the width of the Linear Regression Channel based on market volatility.
Validation and Entry Confirmation after Linear Regression Channel Breakout:
Breakout Validation: The Linear Regression Channel breakout is validated not only by price crossing but also by an increase in volume, suggesting a significant breakout rather than a temporary fluctuation.
Entry Confirmation ('Low and High Entry Confirmation'):
Confirmation Bars: A specific number of bars (configurable entry) closing outside the channel are required to confirm an entry. This reduces the risk of false signals.
Channel Re-Test: After the breakout, the price often retests the channel's edge. An entry is confirmed if the price bounces from this area, validating the initial breakout.
Auxiliary Indicators: Oscillators or momentum indicators are used to confirm trend strength after the breakout.
Candlestick Pattern Detection (Engulfing Patterns):
Engulfing Pattern Identification: bullishEngulfing is activated in a bullish pattern with a previous bearish trend and a specific bullish candle. bearishEngulfing is activated in a bearish pattern with a previous bullish trend and a specific bearish candle.
Special Trend Signals:
Bullish signals are displayed as blue circles with "⬆️," while bearish signals are displayed as red circles with "⬇️."
Bullish Signals: Indicate that the price has crossed above certain Fibonacci levels, and the current trend is considered bullish, as the most recent closing price is higher than the closing price of a specific bar in the past.
Bearish Signals: Indicate that the price has crossed below certain Fibonacci levels, and the current trend is considered bearish, as the most recent closing price is lower than the closing price of a specific bar in the past.
Integration with 3Commas for Automation:
Signal Automation: The ability to integrate with platforms like 3Commas allows for the automatic execution of
strategies based on the script's signals, where a bot could execute trades based on the chart-generated signals, facilitating more efficient trading, reducing reaction time, and as an automated script, we only need to input our short Bot Id or our Long Bot ID into the previously loaded message alert.
Español:
La singularidad de este script radica en la sinergia y la interacción dinámica que resulta de la combinación avanzada de elementos clave del análisis técnico en la forma en que fusiona estratégicamente los Niveles de Fibonacci con el Canal de Regresión Lineal y la estructura interna del precio creando un sistema de análisis de mercado altamente sinérgico.
El Canal de Regresión Lineal, dibujado a partir de la regresión de precios y su desviación estándar sobre un número definido de barras, ofrece una representación gráfica de la tendencia predominante del mercado. La combinación de este canal con los Niveles de Fibonacci es deliberada y crítica: los niveles sirven como filtros adicionales para validar las rupturas de rango dentro del canal, y viceversa, las rupturas del canal potencian la importancia de los niveles de Fibonacci ajustándose al contexto del mercado, representado por la longitud y desplazamiento específicos dentro del gráfico.
Los niveles de Fibonacci se actualizan con cada nueva barra, La detección de rupturas de rango (Break of Range) se integra con la trama de niveles de Fibonacci para destacar los puntos de ruptura significativos. Un enfoque único de este script es la manera en que las rupturas no solo se identifican por el cruce de precios de ciertos niveles de Fibonacci sino también por el contexto de volumen y patrones de velas, como los patrones Engulfing, que señalan cambios potenciales en la tendencia del mercado.
Esta interacción entre el Canal de Regresión Lineal y los Niveles de Fibonacci Por ejemplo: una ruptura alcista del precio a través del límite superior del canal al mismo tiempo que cruza un nivel de Fibonacci significativo sugiere no solo una posible continuación de la tendencia alcista sino también un fuerte nivel de soporte establecido. Similarmente, una ruptura bajista del precio a través del límite inferior del canal, coincidiendo con un nivel de Fibonacci, puede señalar una confirmación de cambio de tendencia y un nuevo nivel de resistencia.
Este script profundiza aún más en la confluencia de señales, donde la interacción entre Break of Range y los niveles de Fibonacci marcan rupturas alcistas y bajistas respectivamente, y cuando estas señales coinciden con rupturas del de cualquier nivel de Fibonacci, proporcionan una confirmación cruzada que aumenta la confianza en la señal generada. "BoR+Fib🔼" y "BoR+Fib🔽"
Además, el script presenta una innovadora implementación de Canal de Regresión Lineal, que utiliza un periodo personalizable y una desviación estándar para trazar las líneas de tendencia superior e inferior. Este enfoque permite a los traders anticipar posibles puntos de reentrada después de una ruptura, con el precio a menudo retestando los bordes del canal, proporcionando así oportunidades de confirmación de entrada baja y alta.
Un aspecto técnico diferenciador es la lógica condicional implementada para la confirmación de señales de tendencia alcista y bajista. Por ejemplo, el script calibra señales basadas en la intersección de la acción del precio con los niveles críticos de Fibonacci y los patrones de velas confirmados, mejorando la confiabilidad de las señales en comparación con el uso de estos indicadores de forma aislada.
Características Principales:
1. Cálculo dinámico de niveles de Fibonacci.
2. Detección de rupturas internas del rango de precios (Break of Range).
3. Canal de regresión lineal.
4. Detección de patrones de velas (Patrones Engulfing).
Cálculo Dinámico de Niveles de Fibonacci y Detección de Rupturas Internas (Break of Range):
La fusión de los niveles de Fibonacci con la detección de rupturas internas del rango es crucial porque permite identificar con precisión los puntos de inflexión del mercado. Los niveles de Fibonacci funcionan como filtros iniciales, indicando potenciales zonas de soporte y resistencia. Cuando el precio cruza un nivel clave de Fibonacci, especialmente en conjunto con una ruptura interna del rango, la señal resultante es más robusta y fiable. Esta confluencia incrementa significativamente la probabilidad de que el movimiento del precio sea sostenible
Broken:
Función: El código identifica las rupturas cuando el precio cruza un nivel de Fibonacci clave (0%, 100%). Una ruptura es significativa si el precio cruza y se mantiene más allá de estos niveles.
Interacción: Las rupturas validan los niveles de Fibonacci. Por ejemplo, una ruptura por encima del nivel de Fibonacci del 0% puede confirmar una tendencia alcista.
Cambio de Estructura:
Función: En el código, el Cambio de Estructura se puede interpretar a través de la detección de patrones de pivote y señales de cambio en la estructura de precios, que identificamos como Break of Range.
Interacción: Este componente actúa como una confirmación de las rupturas de rango y los niveles de Fibonacci. Por ejemplo, si una ruptura de rango es seguida por un cambio en la estructura de precios (como la formación de un nuevo máximo más alto), esto refuerza la validez de la señal de ruptura de rango.
"BoR+Fib🔽": Indica una ruptura bajista del rango que también ha cruzado un nivel de Fibonacci hacia abajo. Esto puede interpretarse como una señal de venta o una indicación de tendencia bajista.
"BoR+Fib🔼": Representa una ruptura alcista del rango que también ha cruzado un nivel de Fibonacci hacia arriba. Puede interpretarse como una señal de compra o una indicación de tendencia alcista.
Canal de Regresión Lineal:
Función: El Canal de Regresión Lineal se calcula y dibuja utilizando un número definido de barras para establecer la tendencia general del mercado. Los cálculos involucran la suma y el promedio de los precios de cierre y sus productos con el índice de tiempo, para calcular la línea de regresión y su desviación estándar, el script utiliza este canal para contextualizar las señales de Fibonacci y las rupturas de rango, con rupturas que ocurren en la dirección de la tendencia del canal.
Interacción: Proporciona contexto a las señales de Fibonacci y rupturas de rango. Por ejemplo, si una ruptura de rango ocurre en la misma dirección que la tendencia indicada por el Canal de Regresión Lineal, esto añade credibilidad a la señal.
Beneficio de la Integración:El Canal de Regresión Lineal proporciona un contexto de tendencia general. Cuando una señal de ruptura de rango y un nivel de Fibonacci coinciden dentro de la dirección de la tendencia indicada por el canal, se fortalece la validez de la señal.
Convergencia de Señales: Un escenario ideal ocurre cuando todos los elementos convergen. Por ejemplo, un buen punto de entrada podría ser cuando el precio experimenta una ruptura de rango desde un nivel de Fibonacci importante, hay un cambio de estructura en la misma dirección, y todo esto ocurre en línea con la tendencia indicada por el Canal de Regresión Lineal.
Visualización de Volatilidad Dinámica: Ajusta el ancho del canal de regresión lineal en función de la volatilidad del mercado.
Validación y Confirmación de la Entrada después de la Ruptura del Canal de Regresión:
Confirmación de Ruptura: La ruptura del canal de regresión se valida no solo por el cruce del precio, sino también por un aumento en el volumen, lo que sugiere una ruptura significativa en lugar de una fluctuación temporal.
Confirmación de Entrada ('Confirmación de Entrada Baja y Alta'):
Barras de Confirmación: Se requiere un número específico de barras (entrada configurable) que cierren fuera del canal para confirmar una entrada. Esto reduce el riesgo de señales falsas.
Re-Test del Canal: Después de la ruptura, el precio a menudo vuelve a probar el borde del canal. Una entrada se confirma si el precio rebota desde esta área, validando la ruptura inicial.
Indicadores Auxiliares: Se utilizan osciladores o indicadores de impulso para confirmar la fuerza de la tendencia después de la ruptura.
Detección de Patrones de Velas (Patrones Engulfing):
Identificación de Patrones Engulfing: bullishEngulfing se activa en un patrón alcista con una tendencia bajista previa y una vela alcista específica. bearishEngulfing se activa en un patrón bajista con una tendencia alcista previa y una vela bajista específica.
Señales Especiales de Tendencia:
Las señales alcistas se muestran como círculos azules con "⬆️", mientras que las señales bajistas se muestran como círculos rojos "⬇️".
Señales Alcistas: Indican que el precio ha cruzado por encima de ciertos niveles de Fibonacci y la tendencia actual se considera alcista, ya que el precio de cierre más reciente es mayor que el precio de cierre de una barra específica en el pasado.
Señales Bajistas: Indican que el precio ha cruzado por debajo de ciertos niveles de Fibonacci y la tendencia actual se considera bajista, ya que el precio de cierre más reciente es menor que el precio de cierre de una barra específica en el pasado.
Integración con 3Commas para Automatización:
Automatización de Señales: La capacidad de integrar con plataformas como 3Commas permite la ejecución automática de estrategias basadas en las señales del script donde un bot podría ejecutar operaciones basadas en las señales generadas por el gráfico., facilitando un trading más eficiente y reduciendo el tiempo de reacción y como un script automatizado solo necesitamos poner en la alerta del mensaje previamente cargado nuestro short Bot Id o nuestro Long Bot ID.
RSI 11 IndicatorThis script explains how RSI can be used to catch market moves in trend, reversal or sideways market.
What is RSI indicator:-
RSI is a momentum oscillator which measures the speed and change of price movements. RSI moves up and down (oscillates) between ZERO and 100. Generally RSI above 70 is considered overbought and below 30 is considered oversold. Some traders may use a setting of 20 and 80 for oversold and overbought conditions respectively. However this may reduce the number of signals. You can also use RSI to identify divergences, strength, reversals, general trend etc.
Calculation:-
There are three basic components in the RSI - Avg Gain, Avg Loss & RS.
Avg Gain = Average of Upward Price Change
Avg Loss = Average of Downward Price Change
RS = (Avg Gain)/(Avg Loss)
RSI = 100 – (100 / (1 +RS ))
First Calculation:-
RSI calculation is based on default 14 periods.
Average gain and Average loss are simple 14 period averages.
Average Loss equals the sum of the losses divided by 14 for the first calculation.
Average Gain equals the sum of the Gains divided by 14 for the first calculation.
First Average Gain = Sum of Gains over the past 14 periods / 14.
First Average Loss = Sum of Losses over the past 14 periods / 14.
The formula uses a positive value for the average loss.
RS values are smoothed after the first calculation.
Second Calculation:-
Subsequent calculations multiply the prior value by 13, add the most recent value, and divide the total by 14.
Average Gain = / 14.
Average Loss = / 14.
if
Average Loss = 0, RSI = 100 (means there were no losses to measure).
Average Gain = 0, RSI = 0 (means there were no gains to measure).
Logic of this indicator:-
RSI is an oscillator that fluctuates between zero and 100 which makes it easy to use for many traders.
Its easy to identify extremes because RSI is range-bound.
But remember that RSI works best in range bound market and is less trustworthy in trending markets.
A new trader need to be cautious because during strong trends in the market/security, RSI may remain in overbought or oversold for extended periods.
Chart Timeframe:-
RSI indicator works well on all timeframes.
Timeframe depends on which strategy or settings are you using.
Generally a lower timeframe like 1 min, 3 min, 5 min, 15 min, 30 min, 1 Hr etc is used for intraday trades or short duration trades
and higher timeframes like 1 day, 1 week, 1 month are used for positional or long term trades.
Please Read the Idea "Mastering RSI with 11 Strategies" to understand this indicator better.
Indicator 1
Basis Strategy of Overbought and Oversold
Usually an asset with RSI reading of 70 or above indicates a bullish and an overbought situation.
overbought can be seen as trading at a higher price than it should.
traders may expect a price correction or trend reversal and sell the security.
but RSI indicator can stay in the overbought for a long time when the stock is in uptrend - This may trap an immature trader.
an Immature trader will enter a sell position when RSI become overbought (70), whereas a mature trader will enter sell position when RSI line crosses below the overbought line (70).
An asset with RSI reading of 30 or below indicates a bearish and an oversold condition.
oversold can be seen as trading at a lower price than it should.
traders may expect a price correction or trend reversal and buy the security.
but RSI indicator can stay in the oversold for a long time when the stock is in downtrend - This may trap an immature trader.
an Immature trader will enter a buy position when RSI become oversold (30), whereas a mature trader will enter buy position when RSI line crosses above the oversold line (30).
Center dotted Mid line is RSI 50.
Chart RSI is shown in yellow colour.
Red shaded area above the red horizontal line shows the stock or security has entered overbought condition. "R" signal in red shows a likely downside reversal, means it may be a likely Selling opportunity.
Green shaded area below the green horizontal line shows the stock or security has entered oversold condition. "R" signal in green shows a likely upside reversal, means it may be a likely Buying opportunity.
Note:-
so its better to wait for reversal signal.
traders may use 20 instead of 30 as oversold level and 80 instead of 70 as overbought level.
new traders may learn to use the indicator as per the prevailing trend to get better results.
false signals may be avoided by using bullish signals in bullish trend and bearish signals in bearish trend.
Indicator 2
RSI Strength Crossing 50
RSI crossing centreline 50 in the below chart showing strength and buy/sell signal.
Centre line is at RSI 50.
if RSI is above 50 its considered bullish trend. (increasing strength)
if RSI is below 50 its considered bearish trend. (decreasing strength)
RSI crossing centre line (50) upside may be a buy signal.
RSI crossing centre line (50) downside may be a sell signal.
"B" signal in green colour shows that RSI is crossing above Mid 50 horizontal line, which may be a likely Buy signal.
"S" signal in red colour shows that RSI is crossing below Mid 50 horizontal line, which may be a likely Sell signal.
Indicator 3
RSI 40 and RSI 60 Support and Resistance
RSI 40 acting as support in the below chart
In an uptrend RSI tends to remain in the 40 to 90 range with 40 as support (buying opportunity at support).
RSI 60 acting as resistance in the below chart
In a downtrend RSI tends to remain in 10 to 60 range with 60 as resistance (selling opportunity at resistance).
"40" signal in green colour shows that RSI is crossing above 40 horizontal line, which may be a likely Support in making and a Buy signal.
"60" signal in red colour shows that RSI is crossing below 60 horizontal line, which may be a likely Resistance in making and a Sell signal.
Note:-
These ranges may change depending on RSI settings and change in the market trend.
Indicator 4
RSI Divergence
Below chart shows a simple example of Bullish Divergence and Bearish Divergence.
An RSI divergence occurs when price moves in the opposite direction of the RSI.
A bullish divergence is when price is falling but RSI is rising. which means RSI making higher lows and price making lower lows (buy signal).
A bearish divergence is when price is rising but RSI is falling. which means RSI making lower high and price making higher highs (sell signal).
Divergences are more strong when appear in an overbought or oversold condition.
There may be many false signals during a strong uptrend or strong downtrend.
In a strong uptrend, RSI may show many false bearish divergences before finally reversing down.
same way in a strong downtrend, RSI may show many false bullish divergences before finally reversing up.
"Bull Div" signal along with divergence line in green colour shows Bullish Divergence, which may be a likely Buy signal.
"Bear Div" signal along with divergence line in red colour shows Bearish Divergence, which may be a likely Sell signal.
Indicator 5
Double Top & Double Bottom
Double Bottom = RSI goes below oversold (30). RSI comes back above 30. RSI falls back again towards 30 and again rise making a Double bottom. its a signal of buying and likely upside reversal.
Double Top = RSI goes above overbought (70). RSI comes back below 70. RSI rises back again towards 70 and again fall making a Double top. its a signal of selling and likely downside reversal.
Double Bottom is shown with Green Dashed line joining two low's of RSI indicating a likely Buy Signal.
Double Top is shown with Red Dashed line joining two High's of RSI indicating a likely Sell Signal.
Indicator 6
Trendline Support and Resistance
Below chart shows RSI Trendline Resistance and Support
RSI resistance trendline = Connect three or more points on the RSI line as it falls to draw a RSI downtrend line (RSI resistance trendline).
Everytime it takes resistance from a RSI downtrend line its a selling opportunity.
RSI support trendline = Connect three or more points on the RSI line as it rises to draw a RSI uptrend line (RSI support trendline).
Everytime it takes support on a RSI uptrend line its a buying opportunity.
RSI Resistance trendline shown in Red colour indicating a likely fall again after rejection from this Red trendline till the time RSI breaks above it to change the trend from Bearsih to Bullish.
RSI support trendline shown in Green colour indicating a likely Rise again after support from this Green trendline till the time RSI breaks below it to change the trend from Bullish to Bearish.
Indicator 7
Trendline Breakout and Breakdown
Below chart shows RSI Trendline Breakout and Breakdown
RSI resistance trendline Breakout = Connect three or more points on the RSI line as it falls to draw a RSI downtrend line (RSI resistance trendline).
Whenever it breakout above RSI resistance trendline its a buying opportunity.
RSI support trendline Breakdown = Connect three or more points on the RSI line as it rises to draw a RSI uptrend line (RSI support trendline).
Whenever it breakdown below RSI support trendline its a selling opportunity.
Note:-
Correlate both the RSI and the closing price to ensure proper breakout or breakdown.
Challenge is to correctly identify if a breakout or breakdown is sustainable or its a false signal.
Indicator 8
RSI Crossover same timeframe
RSI with two different RSI length crossing each other on same timeframe.
when lower RSI length crossing above higher RSI length its a buy signal.
when lower RSI length crossing below higher RSI length its a sell signal.
for example RSI with length 7 & length 14 on 15 Minutes timeframe.
Green Cross shows that Fast RSI is crossing above Slow RSI on the same timeframe with different RSI length Settings, which means it may be a likely Buy Signal.
Red Cross shows that Fast RSI is crossing below Slow RSI on the same timeframe with different RSI length Settings, which means it may be a likely Sell Signal.
Indicator 9
RSI Crossover Multi timeframe
RSI with same RSI length but on two different timeframes crossing each.
when lower timeframe RSI crossing above higher timeframe RSI its a buy signal.
when lower timeframe RSI crossing below higher timeframe RSI its a sell signal.
for example RSI with length 14 on 5 Minutes and 1 Hr timeframes.
Green Cross shows that Lower Timeframe RSI is crossing above Higher Timeframe RSI with same RSI length Settings, which means it may be a likely Buy Signal.
Red Cross shows that Lower Timeframe RSI is crossing below Higher Timeframe RSI with same RSI length Settings, which means it may be a likely Sell Signal.
Indicator 10
RSI EMA/WMA/SMA Crossover
when RSI crossing above EMA/WMA/SMA its a buy signal.
when RSI crossing below EMA/WMA/SMA its a sell signal.
Green Circle shows that RSI is crossing above EMA/WMA/SMA etc, which means it may be a likely Buy Signal.
Red Circle shows that RSI is crossing below EMA/WMA/SMA etc, which means it may be a likely Sell Signal.
Indicator 11
RSI with Bollinger bands
Bollinger bands and RSI complimenting each other and giving a Buy and Sell signal in below chart
if a security price reaches upper band of a Bollinger Band channel and also the RSI is above 70 (overbought), a trader can look for selling opportunities (reversal) (sell).
but in case price reaches upper band of a Bollinger Band channel but RSI is not above 70 (overbought), there may be chance that security remains in an uptrend, so a trader may wait before entering a sell position.
if a security price reaches lower band of a Bollinger Band channel and also the RSI is below 30 (oversold), a trader can look for buying opportunities (reversal) (buy).
but in case price reaches lower band of a Bollinger Band channel but RSI is not below 30 (oversold), there may be chance that security remains in an downtrend, so a trader may wait before entering a buy position.
so bollinger band with RSI can give a double confirmation on a reversal.
Buy Signal = If the RSI is below Green Horizontal line (Oversold zone) and also below Lower Bollinger Band it indicates that an upside reversal may come, which means that it may be a likely Buy Signal.
Sell Signal = If the RSI is above Red Horizontal line (Overbought zone) and also above Upper Bollinger Band it indicates that an Downside reversal may come, which means that it may be a likely Sell Signal.
Special Thanks to //© HoanGhetti for RSI Trendlines.
Limitations of the RSI:-
RSI works best in range bound market and is less trustworthy in trending markets.
So new traders may get trapped in an uptrend or a downtrend if they forget to see the overall long term trend of that security.
Traders should set stop loss and take profit levels as per risk reward ratio.
Note:
Don't confuse RSI and relative strength. RSI is changes in the price momentum of a security.
whereas relative strength compares the price performance of two or more securities.
Like other technical indicators, RSI also is not a holy grail. It can only assist you in building a good strategy. You can only succeed with proper position sizing, risk management and following correct trading Psychology (No overtrade, No greed, No revenge trade etc).
THIS INDICATOR OF RSI IS FOR EDUCATIONAL PURPOSE AND PAPER TRADING ONLY. YOU MAY PAPER TRADE TO GAIN CONFIDENCE AND BUILD FURTHER ON THESE. PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING. WE ARE NOT SEBI REGISTERED.
Hope you all like it
happy learning.
GT-FibThis code is declaring the script as an indicator named "GT-Fib" to be plotted on the main chart. The maximum number of lines it can create is limited to 500.
The indicator calculates Fibo using trend breaks. If the trend is not broken and the old trend continues, Fibo continues. However, sometimes you will witness that it does not draw Fibo. Indicates that there is no trend break yet. If current Fibo levels are behind us, it may be wise to wait for a trend change. For trend breaks, I partially benefited from the Lux team's trend lines with break indicator. For your information...
Settings:
A set of user inputs is defined to allow customization. These include lookback period, coefficient, calculation method, and an option to enable/disable backpainting. These inputs help the trader to adapt the script to different market conditions or trading strategies.
Style:
Colors and visual styles for the indicator are defined here, such as the colors for uptrends and downtrends.
Variables Initialization:
Various variables are initialized here. This section prepares the script for further calculations. Key concepts include the initialization of upper and lower boundaries, pivot highs (ph), pivot lows (pl), and a few other variables to track peaks and troughs for trendlines.
Trendline Peaks and Troughs:
The script identifies pivot highs and lows. Whenever a pivot high/low is found, it updates the trendline_top and trendline_bottom respectively.
Calculation Method:
Based on the user's choice, the script calculates a "cycle" value using one of three methods: ATR, Stdev, or Linreg.
Extended Lines:
These are dashed lines that get drawn when a pivot high or pivot low is identified. These lines can be used to visualize potential support or resistance areas.
plotFibRetracement Function:
This function is designed to draw Fibonacci retracement levels between the identified trendline top and bottom. The Fibonacci levels provide potential support and resistance levels that traders often use to make trading decisions.
Plotting Fibonacci using Trendline Peaks and Troughs:
If both trendline_top and trendline_bottom are not 'na' (not available), the script will draw the Fibonacci retracement using the defined function.
How to Use:
The script identifies and displays potential support and resistance zones using Fibonacci retracement levels based on the trendline peaks and troughs. Here's a suggested way to use it:
Adjust Settings: Depending on the instrument you're trading and the timeframe, you might want to adjust the lookback period, coefficient, and calculation method to fine-tune the script to your needs.
Identify Trends: Observe where the pivot highs and lows are formed. The presence of consecutive pivot highs or pivot lows can indicate a prevailing trend.
Use Fibonacci Levels: The Fibonacci retracement levels can act as potential support and resistance. For instance:
During an uptrend, if prices retract and approach a Fibonacci level, it might act as a support level where price could bounce back.
During a downtrend, Fibonacci levels might act as resistance where price could reverse downwards.
Combine with Other Indicators: For a more comprehensive analysis and to increase the reliability of trading signals, you can use this script in conjunction with other technical indicators.
Remember, like all trading tools and techniques, this script should be used in conjunction with proper risk management. It's also a good idea to test any strategy or tool in a demo environment before applying it to a live account.
TrendGuard Flag Finder - Strategy [presentTrading]
Introduction and How It Is Different
In the vast world of trading strategies, the TrendGuard Flag Finder stands out as a unique blend of traditional flag pattern detection and the renowned SuperTrend indicator.
- A significant portion of the Flag Pattern detection is inspired by the "Flag Finder" code by @Amphibiantrading, which serves as one of foundational element of this strategy.
- While many strategies focus on either trend-following or pattern recognition, this strategy harmoniously combines both, offering traders a more holistic view of the market.
- The integration of the SuperTrend indicator not only provides a clear direction of the prevailing trend but also offers potential stop-loss levels, enhancing the strategy's risk management capabilities.
AAPL 1D chart
ETHBTC 6hr chart
Strategy: How It Works
The TrendGuard Flag Finder is primarily built on two pillars:
1. Flag Pattern Detection : At its core, the strategy identifies flag patterns, which are continuation patterns suggesting that the prevailing trend will resume after a brief consolidation. The strategy meticulously detects both bullish and bearish flags, ensuring traders can capitalize on opportunities in both rising and falling markets.
What is a Flag Pattern? A flag pattern consists of two main components:
1.1 The Pole : This is the initial strong price move, which can be either upwards (for bullish flags) or downwards (for bearish flags). The pole represents a strong surge in price in a particular direction, driven by significant buying or selling momentum.
1.2 The Flag : Following the pole, the price starts consolidating, moving against the initial trend. This consolidation forms a rectangular shape and is characterized by parallel trendlines. In a bullish flag, the consolidation will have a slight downward tilt, while in a bearish flag, it will have a slight upward tilt.
How the Strategy Detects Flags:
Identifying the Pole: The strategy first identifies a strong price movement over a user-defined number of bars. This movement should meet a certain percentage change to qualify as a pole.
Spotting the Flag: After the pole is identified, the strategy looks for a consolidation phase. The consolidation should be counter to the prevailing trend and should be contained within parallel lines. The depth (for bullish flags) or rally (for bearish flags) of this consolidation is calculated to ensure it meets user-defined criteria.
2. SuperTrend Integration : The SuperTrend indicator, known for its simplicity and effectiveness, is integrated into the strategy. It provides a dynamic line on the chart, signaling the prevailing trend. When prices are above the SuperTrend line, it's an indication of an uptrend, and vice versa. This not only confirms the flag pattern's direction but also offers a potential stop-loss level for trades.
When combined, these components allow traders to identify potential breakout (for bullish flags) or breakdown (for bearish flags) scenarios, backed by the momentum indicated by the SuperTrend.
Usage
To use the SuperTrend Enhanced Flag Finder:
- Inputs : Begin by setting the desired parameters. The strategy offers a range of user-controlled settings, allowing for customization based on individual trading preferences and risk tolerance.
- Visualization : Once the parameters are set, the strategy will identify and visually represent flag patterns on the chart. Bullish flags are represented in green, while bearish flags are in red.
- Trade Execution : When a breakout or breakdown is identified, the strategy provides entry signals. It also offers exit signals based on the SuperTrend, ensuring that traders can capitalize on the momentum while managing risk.
Default Settings
The strategy comes with a set of default settings optimized for general use:
- SuperTrend Parameters: Length set to 10 and Factor set to 5.0.
- Bull Flag Criteria: Max Flag Depth at 7, Max Flag Length at 10 bars, Min Flag Length at 3 bars, Prior Uptrend Minimum at 9%, and Flag Pole Length between 7 to 13 bars.
- Bear Flag Criteria: Similar settings adjusted for bearish patterns.
- Display Options: By default, both bullish and bearish flags are displayed, with breakout and breakdown points highlighted.
GKD-C Adaptive-Lookback Stochastic [Loxx]Giga Kaleidoscope GKD-C Adaptive-Lookback Stochastic is a Metamorphosis module included in Loxx's "Giga Kaleidoscope Modularized Trading System".
█ GKD-C Adaptive-Lookback Stochastic
The Adaptive-Lookback Stochastic uses a swing pivot lookback algorithm to adjust the periiod input bar-bar-bar thereby converting the regular Stochasitc oscillator into an adaptive Stochatic oscillator.
What is the Adaptive Lookback Period?
The adaptive lookback period is a technique used in technical analysis to adjust the period of an indicator based on changes in market conditions. This technique is particularly useful in volatile or rapidly changing markets where a fixed period may not be optimal for detecting trends or signals.
The concept of the adaptive lookback period is relatively simple. By adjusting the lookback period based on changes in market conditions, traders can more accurately identify trends and signals. This can help traders to enter and exit trades at the right time and improve the profitability of their trading strategies.
The adaptive lookback period works by identifying potential swing points in the market. Once these points are identified, the lookback period is calculated based on the number of swings and a speed parameter. The swing count parameter determines the number of swings that must occur before the lookback period is adjusted. The speed parameter controls the rate at which the lookback period is adjusted, with higher values indicating a more rapid adjustment.
The adaptive lookback period can be applied to a wide range of technical indicators, including moving averages, oscillators, and trendlines. By adjusting the period of these indicators based on changes in market conditions, traders can reduce the impact of noise and false signals, leading to more profitable trades.
The adaptive lookback period is a powerful technique for traders and analysts looking to optimize their technical indicators. By adjusting the period based on changes in market conditions, traders can more accurately identify trends and signals, leading to more profitable trades. While there are various ways to implement the adaptive lookback period, the basic concept remains the same, and traders can adapt and customize the technique to suit their individual needs and trading styles.
What is the Stochastic Oscillator?
The Stochastic Oscillator is a popular technical analysis indicator developed by George Lane in the 1950s. It is a momentum indicator that compares a security's closing price to its price range over a specified period. The main idea behind the Stochastic Oscillator is that, in an upward trending market, prices tend to close near their high, while in a downward trending market, prices tend to close near their low. The Stochastic Oscillator ranges from 0 to 100 and is primarily used to identify overbought and oversold conditions or potential trend reversals.
The Stochastic Oscillator is calculated using the following formula:
%K = ((C - L14) / (H14 - L14)) * 100
Where:
%K: The Stochastic Oscillator value.
C: The most recent closing price.
L14: The lowest price of the last 14 periods (or any other chosen period).
H14: The highest price of the last 14 periods (or any other chosen period).
Additionally, a moving average of %K, called %D, is calculated to provide a signal line:
%D = Simple Moving Average of %K over 'n' periods
The Stochastic Oscillator generates signals based on the following conditions:
1. Overbought and Oversold Levels: The Stochastic Oscillator typically uses 80 and 20 as overbought and oversold levels, respectively. When the oscillator is above 80, it is considered overbought, indicating that the market may be overvalued and a price decline is possible. When the oscillator is below 20, it is considered oversold, indicating that the market may be undervalued and a price rise is possible.
2. Bullish and Bearish Divergences: A bullish divergence occurs when the price makes a lower low, but the Stochastic Oscillator makes a higher low, suggesting a potential trend reversal to the upside. A bearish divergence occurs when the price makes a higher high, but the Stochastic Oscillator makes a lower high, suggesting a potential trend reversal to the downside.
3. Crosses: Buy signals are generated when %K crosses above %D, indicating upward momentum. Sell signals are generated when %K crosses below %D, indicating downward momentum.
The Stochastic Oscillator is commonly used in combination with other technical analysis tools to confirm signals and improve the accuracy of predictions.
When using the Stochastic Oscillator, it's important to consider a few best practices and additional insights:
1. Confirmation with other indicators: While the Stochastic Oscillator can provide valuable insights into potential trend reversals and overbought/oversold conditions, it is generally more effective when used in conjunction with other technical indicators, such as moving averages, RSI (Relative Strength Index), or MACD (Moving Average Convergence Divergence). This can help confirm signals and reduce the chances of false signals or whipsaws.
2. Timeframes: The Stochastic Oscillator can be applied to various timeframes, such as daily, weekly, or intraday charts. Adjusting the lookback period for the calculation can also alter the sensitivity of the indicator. A shorter lookback period will make the oscillator more sensitive to price movements, while a longer lookback period will make it less sensitive. Traders should choose a timeframe and lookback period that aligns with their trading strategy and risk tolerance.
3. Variations: There are two primary variations of the Stochastic Oscillator: Fast Stochastic and Slow Stochastic. The Fast Stochastic uses the original %K and %D calculations, while the Slow Stochastic smooths %K with an additional moving average and uses this smoothed %K as the new %D. The Slow Stochastic is generally considered to generate fewer false signals due to the additional smoothing.
4. Overbought and Oversold: It's important to remember that overbought and oversold conditions can persist for an extended period, especially during strong trends. This means that the Stochastic Oscillator alone should not be relied upon as a definitive buy or sell signal. Instead, traders should wait for additional confirmation from other indicators or price action before entering or exiting a trade.
The Stochastic Oscillator is a valuable momentum indicator that helps traders identify potential trend reversals and overbought/oversold conditions in the market. However, it is most effective when used in combination with other technical analysis tools and should be adapted to suit the specific needs of the individual trader's strategy and risk tolerance.
█ Giga Kaleidoscope Modularized Trading System
Core components of an NNFX algorithmic trading strategy
The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm:
1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc.
2. Baseline - a moving average to identify price trend
3. Confirmation 1 - a technical indicator used to identify trends
4. Confirmation 2 - a technical indicator used to identify trends
5. Continuation - a technical indicator used to identify trends
6. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown
7. Exit - a technical indicator used to determine when a trend is exhausted
8. Metamorphosis - a technical indicator that produces a compound signal from the combination of other GKD indicators*
*(not part of the NNFX algorithm)
What is Volatility in the NNFX trading system?
In the NNFX (No Nonsense Forex) trading system, ATR (Average True Range) is typically used to measure the volatility of an asset. It is used as a part of the system to help determine the appropriate stop loss and take profit levels for a trade. ATR is calculated by taking the average of the true range values over a specified period.
True range is calculated as the maximum of the following values:
-Current high minus the current low
-Absolute value of the current high minus the previous close
-Absolute value of the current low minus the previous close
ATR is a dynamic indicator that changes with changes in volatility. As volatility increases, the value of ATR increases, and as volatility decreases, the value of ATR decreases. By using ATR in NNFX system, traders can adjust their stop loss and take profit levels according to the volatility of the asset being traded. This helps to ensure that the trade is given enough room to move, while also minimizing potential losses.
Other types of volatility include True Range Double (TRD), Close-to-Close, and Garman-Klass
What is a Baseline indicator?
The baseline is essentially a moving average, and is used to determine the overall direction of the market.
The baseline in the NNFX system is used to filter out trades that are not in line with the long-term trend of the market. The baseline is plotted on the chart along with other indicators, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR).
Trades are only taken when the price is in the same direction as the baseline. For example, if the baseline is sloping upwards, only long trades are taken, and if the baseline is sloping downwards, only short trades are taken. This approach helps to ensure that trades are in line with the overall trend of the market, and reduces the risk of entering trades that are likely to fail.
By using a baseline in the NNFX system, traders can have a clear reference point for determining the overall trend of the market, and can make more informed trading decisions. The baseline helps to filter out noise and false signals, and ensures that trades are taken in the direction of the long-term trend.
What is a Confirmation indicator?
Confirmation indicators are technical indicators that are used to confirm the signals generated by primary indicators. Primary indicators are the core indicators used in the NNFX system, such as the Average True Range (ATR), the Moving Average (MA), and the Relative Strength Index (RSI).
The purpose of the confirmation indicators is to reduce false signals and improve the accuracy of the trading system. They are designed to confirm the signals generated by the primary indicators by providing additional information about the strength and direction of the trend.
Some examples of confirmation indicators that may be used in the NNFX system include the Bollinger Bands, the MACD (Moving Average Convergence Divergence), and the MACD Oscillator. These indicators can provide information about the volatility, momentum, and trend strength of the market, and can be used to confirm the signals generated by the primary indicators.
In the NNFX system, confirmation indicators are used in combination with primary indicators and other filters to create a trading system that is robust and reliable. By using multiple indicators to confirm trading signals, the system aims to reduce the risk of false signals and improve the overall profitability of the trades.
What is a Continuation indicator?
In the NNFX (No Nonsense Forex) trading system, a continuation indicator is a technical indicator that is used to confirm a current trend and predict that the trend is likely to continue in the same direction. A continuation indicator is typically used in conjunction with other indicators in the system, such as a baseline indicator, to provide a comprehensive trading strategy.
What is a Volatility/Volume indicator?
Volume indicators, such as the On Balance Volume (OBV), the Chaikin Money Flow (CMF), or the Volume Price Trend (VPT), are used to measure the amount of buying and selling activity in a market. They are based on the trading volume of the market, and can provide information about the strength of the trend. In the NNFX system, volume indicators are used to confirm trading signals generated by the Moving Average and the Relative Strength Index. Volatility indicators include Average Direction Index, Waddah Attar, and Volatility Ratio. In the NNFX trading system, volatility is a proxy for volume and vice versa.
By using volume indicators as confirmation tools, the NNFX trading system aims to reduce the risk of false signals and improve the overall profitability of trades. These indicators can provide additional information about the market that is not captured by the primary indicators, and can help traders to make more informed trading decisions. In addition, volume indicators can be used to identify potential changes in market trends and to confirm the strength of price movements.
What is an Exit indicator?
The exit indicator is used in conjunction with other indicators in the system, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR), to provide a comprehensive trading strategy.
The exit indicator in the NNFX system can be any technical indicator that is deemed effective at identifying optimal exit points. Examples of exit indicators that are commonly used include the Parabolic SAR, the Average Directional Index (ADX), and the Chandelier Exit.
The purpose of the exit indicator is to identify when a trend is likely to reverse or when the market conditions have changed, signaling the need to exit a trade. By using an exit indicator, traders can manage their risk and prevent significant losses.
In the NNFX system, the exit indicator is used in conjunction with a stop loss and a take profit order to maximize profits and minimize losses. The stop loss order is used to limit the amount of loss that can be incurred if the trade goes against the trader, while the take profit order is used to lock in profits when the trade is moving in the trader's favor.
Overall, the use of an exit indicator in the NNFX trading system is an important component of a comprehensive trading strategy. It allows traders to manage their risk effectively and improve the profitability of their trades by exiting at the right time.
What is an Metamorphosis indicator?
The concept of a metamorphosis indicator involves the integration of two or more GKD indicators to generate a compound signal. This is achieved by evaluating the accuracy of each indicator and selecting the signal from the indicator with the highest accuracy. As an illustration, let's consider a scenario where we calculate the accuracy of 10 indicators and choose the signal from the indicator that demonstrates the highest accuracy.
The resulting output from the metamorphosis indicator can then be utilized in a GKD-BT backtest by occupying a slot that aligns with the purpose of the metamorphosis indicator. The slot can be a GKD-B, GKD-C, or GKD-E slot, depending on the specific requirements and objectives of the indicator. This allows for seamless integration and utilization of the compound signal within the GKD-BT framework.
How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above?
Loxx's GKD v2.0 system has five types of modules (indicators/strategies). These modules are:
1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm)
2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm)
3. GKD-C - Confirmation 1/2 and Continuation module (Confirmation 1/2 and Continuation, Numbers 3, 4, and 5 in the NNFX algorithm)
4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 6 in the NNFX algorithm)
5. GKD-E - Exit module (Exit, Number 7 in the NNFX algorithm)
6. GKD-M - Metamorphosis module (Metamorphosis, Number 8 in the NNFX algorithm, but not part of the NNFX algorithm)
(additional module types will added in future releases)
Each module interacts with every module by passing data to A backtest module wherein the various components of the GKD system are combined to create a trading signal.
That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Continuation indicator. The Continuation indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy.
This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm.
What does the application of the GKD trading system look like?
Example trading system:
Backtest: Full GKD Backtest
Baseline: Hull Moving Average
Volatility/Volume: Hurst Exponent
Confirmation 1: Composite RSI
Confirmation 2: uf2018
Continuation: Vortex
Exit: Rex Oscillator
Metamorphosis: Fisher Transform, Universal Oscillator, Aroon, Vortex .. combined
Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, GKD-M, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD system.
█ Giga Kaleidoscope Modularized Trading System Signals
Standard Entry
1. GKD-C Confirmation gives signal
2. Baseline agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Confirmation 2 agrees
6. Volatility/Volume agrees
1-Candle Standard Entry
1a. GKD-C Confirmation gives signal
2a. Baseline agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
Next Candle
1b. Price retraced
2b. Baseline agrees
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Volatility/Volume agrees
Baseline Entry
1. GKD-B Basline gives signal
2. Confirmation 1 agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Confirmation 2 agrees
6. Volatility/Volume agrees
7. Confirmation 1 signal was less than 'Maximum Allowable PSBC Bars Back' prior
1-Candle Baseline Entry
1a. GKD-B Baseline gives signal
2a. Confirmation 1 agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
5a. Confirmation 1 signal was less than 'Maximum Allowable PSBC Bars Back' prior
Next Candle
1b. Price retraced
2b. Baseline agrees
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Volatility/Volume agrees
Volatility/Volume Entry
1. GKD-V Volatility/Volume gives signal
2. Confirmation 1 agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Confirmation 2 agrees
6. Baseline agrees
7. Confirmation 1 signal was less than 7 candles prior
1-Candle Volatility/Volume Entry
1a. GKD-V Volatility/Volume gives signal
2a. Confirmation 1 agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
5a. Confirmation 1 signal was less than 'Maximum Allowable PSVVC Bars Back' prior
Next Candle
1b. Price retraced
2b. Volatility/Volume agrees
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Baseline agrees
Confirmation 2 Entry
1. GKD-C Confirmation 2 gives signal
2. Confirmation 1 agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Volatility/Volume agrees
6. Baseline agrees
7. Confirmation 1 signal was less than 7 candles prior
1-Candle Confirmation 2 Entry
1a. GKD-C Confirmation 2 gives signal
2a. Confirmation 1 agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
5a. Confirmation 1 signal was less than 'Maximum Allowable PSC2C Bars Back' prior
Next Candle
1b. Price retraced
2b. Confirmation 2 agrees
3b. Confirmation 1 agrees
4b. Volatility/Volume agrees
5b. Baseline agrees
PullBack Entry
1a. GKD-B Baseline gives signal
2a. Confirmation 1 agrees
3a. Price is beyond 1.0x Volatility of Baseline
Next Candle
1b. Price inside Goldie Locks Zone Minimum
2b. Price inside Goldie Locks Zone Maximum
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Volatility/Volume agrees
Continuation Entry
1. Standard Entry, 1-Candle Standard Entry, Baseline Entry, 1-Candle Baseline Entry, Volatility/Volume Entry, 1-Candle Volatility/Volume Entry, Confirmation 2 Entry, 1-Candle Confirmation 2 Entry, or Pullback entry triggered previously
2. Baseline hasn't crossed since entry signal trigger
4. Confirmation 1 agrees
5. Baseline agrees
6. Confirmation 2 agrees
█ Connecting to Backtests
All GKD indicators are chained indicators meaning you export the value of the indicators to specialized backtest to creat your GKD trading system. Each indicator contains a proprietary signal generation algo that will only work with GKD backtests. You can find these backtests using the links below.
GKD-BT Giga Confirmation Stack Backtest:
GKD-BT Giga Stacks Backtest:
GKD-BT Full Giga Kaleidoscope Backtest:
GKD-BT Solo Confirmation Super Complex Backtest:
GKD-BT Solo Confirmation Complex Backtest:
GKD-BT Solo Confirmation Simple Backtest:
