FuTech : MACD Crossovers Advanced Alert Lines=============================================================
Indicator : FuTech: MACD Crossovers Advanced Alert Lines
Overview:
The "FuTech: MACD Crossovers Advanced Alert Lines" indicator is designed to assist traders in identifying key technical patterns using the :-
1. MACD (Moving Average Convergence Divergence) and
2. Golden/Death Crossovers
By visualizing these indicators directly on the chart with advanced lines, it helps traders make more informed decisions on when to enter or exit trades.
=============================================================
Key Features of "FuTech: MACD Crossovers Advanced Alert Lines":
1. MACD Crossovers:
a) The MACD is one of the most widely used indicators for identifying momentum shifts and potential buy/sell signals. This indicator plots vertical lines on the chart whenever the MACD line crosses the signal line.
b) Upward Crossover (Bullish Signal) : When the MACD line crosses above the signal line, a green vertical line will appear, indicating a potential buying opportunity.
c) Downward Crossover (Bearish Signal) : When the MACD line crosses below the signal line, a red vertical line will appear, signaling a potential selling opportunity.
2. Golden Cross & Death Cross:
a) The Golden Cross occurs when the price moves above a long-term moving average (like the 50-day moving average), signaling a potential upward trend.
b) The Death Cross occurs when the price moves below a long-term moving average, signaling a potential downward trend.
c) These crossovers are displayed with customizable lines on the chart to easily spot when the market is shifting direction.
d) Golden Cross (Bullish Signal) : A blue vertical line appears when the price crosses above the selected long-term moving average.
e) Death Cross (Bearish Signal) : A purple vertical line appears when the price crosses below the selected long-term moving average.
=============================================================
Customization Options:
This indicator offers several customization options to suit your trading preferences:
1) MACD Settings:
a) Choose between different moving average types (EMA, SMA, or VWMA) for calculating the MACD.
b) Adjust the lengths of the fast, slow, and signal MACD periods.
c) Control the width and color of the vertical lines drawn on the chart for both up and down crossovers.
2) Golden Cross / Death Cross Settings:
a) Select the moving average type for the Golden Cross / Death Cross (EMA, SMA, or VWMA).
b) Define the lookback period for calculating the Golden Cross / Death Cross.
c) Customize the appearance of the Golden and Death Cross lines, including their width and color.
You can use both as well as either of the MACD lines or Golden Crossover / Death Crossover Lines respectively as per your trading strategies
=============================================================
How "FuTech: MACD Crossovers Advanced Alert Lines" indicator Works:
a) The indicator monitors the price and calculates the MACD and Golden/Death Crosses.
b) When the MACD line crosses above or below the signal line, or when the price crosses above or below the long-term moving average, it plots a vertical line on the chart.
c) These lines help traders quickly spot potential turning points in the market, providing clear signals to act upon.
=============================================================
Use Case:
a) Swing Traders: The indicator is useful for spotting momentum shifts and trend reversals, helping you time entries and exits for short- to medium-term trades.
b) Long-Term Traders: The Golden and Death Cross signals help identify major trend changes, giving insights into potential market shifts.
=============================================================
Why Use This "FuTech: MACD Crossovers Advanced Alert Lines" Indicator ?
a) Clear Visuals : The vertical lines provide clear and easy-to-spot signals for MACD crossovers and Golden/Death Crosses.
b) Customizable : Adjust settings for your personal trading strategy, whether you're focusing on short-term momentum or long-term trend shifts.
c) Supports Decision Making : With its advanced line plotting and customizable features, this indicator helps you make quicker and more informed trading decisions.
=============================================================
How to Use:
a) MACD Crossovers: Look for green lines to signal potential buying opportunities (when the MACD line crosses above the signal line) and red lines for selling opportunities (when the MACD line crosses below the signal line).
b) Golden Cross / Death Cross: Use the blue lines to confirm when a positive trend may begin (Golden Cross) and purple lines to warn when a negative trend may start (Death Cross).
=============================================================
Conclusion:
"FuTech: MACD Crossovers Advanced Alert Lines" indicator combines two powerful technical analysis tools, the MACD and Golden/Death Crosses, to provide clear, actionable signals on your chart.
By customizing the appearance of these signals and combining them with your trading strategy, you can enhance your decision-making process and improve your trading outcomes.
=============================================================
Thank you !
Jai Swaminarayan Dasna Das !
He Hari ! Bas Ek Tu Raji Tha !
=============================================================
Cari dalam skrip untuk "alert"
Breaker Blocks + Order Blocks confirm [TradingFinder] BBOB Alert🔵 Introduction
In the realm of technical analysis, various tools and concepts are employed to identify key levels on price charts. These tools assist traders in analyzing market trends with greater precision, enabling them to optimize their trading decisions. Among these tools, the Order Block and Breaker Block hold a significant place, serving as effective instruments for analyzing market structure.
🟣 Order Block
An Order Block refers to zones on a chart where large financial institutions and high-volume traders place their orders. Due to the substantial volume of buy or sell orders in these areas, they are often regarded as pivotal points for potential price reversals or temporary pauses in a trend. Order Blocks are particularly crucial when prices react to these zones after a strong market move, acting as strong support or resistance levels.
🟣 Breaker Block
On the other hand, a Breaker Block refers to areas on a chart that previously functioned as Order Blocks but where the price has managed to break through and continue in the opposite direction. These zones are typically recognized as key points where market trends might shift, helping traders identify potential reversal points in the market.
🟣 Overlapping Block (BBOB)
Now, imagine a scenario where these two essential concepts in technical analysis—Order Blocks and Breaker Blocks—overlap on a chart. Although this overlap is not specifically discussed within the ICT (Inner Circle Trader) trading framework, exploring and utilizing this overlap can provide traders with powerful insights into strong support and resistance zones. The combination of these two robust concepts can highlight critical areas in trading, potentially offering significant advantages in making informed trading decisions.
In this article, we will delve into the concept of this overlap, explaining how to utilize it in trading strategies. Additionally, we will analyze the potential outcomes and benefits of incorporating this concept into your trading decisions.
Bullish Overlapping Block (BBOB) :
Bearish Overlapping Block (BBOB) :
🔵 How to Use
The overlap between Order Blocks and Breaker Blocks is a compelling and powerful concept that can help traders identify key levels on the chart with a high probability of success. This overlap is particularly valuable because it combines two well-regarded concepts in technical analysis—zones of high order volume and critical market shifts.
🟣 Here’s how to effectively use this overlap in your trading
1. Dentifying the Overlapping Block : To make the most of the overlap between Order Blocks and Breaker Blocks, begin by identifying these zones separately. Order Blocks are areas where price typically reacts and reverses after a strong market move.
Breaker Blocks are areas where a previous Order Block has been breached, and the price continues in the opposite direction. When these two zones overlap on a chart, it’s crucial to pay close attention to this area, as it represents a high-probability reaction zone.
2. Analyzing the Overlapping Block : After identifying the overlap zone, carefully analyze price action within this region. Candlestick patterns and price behavior can provide essential clues.
If the price reaches this overlap zone and strong reversal patterns such as Pin Bars or Engulfing patterns are observed, it’s likely that this zone will act as a pivotal reversal point. In such cases, entering a trade with confidence becomes more feasible.
3. Entering the Trade : When sufficient signs of price reaction are present in the overlap zone, you can proceed to enter the trade. If the overlap zone is within an uptrend and bullish reversal signals are evident, a long position might be appropriate.
Conversely, if the overlap zone is in a downtrend and bearish reversal signals are observed, a short position would be more suitable.
4. Risk Management : One of the most critical aspects of trading in overlap zones is managing risk. To protect your capital, place your stop loss near the lowest point of the Order Block (for buy trades) or the highest point (for sell trades). This approach minimizes potential losses if the overlap zone fails to hold.
5. Price Targets : After entering the trade, set your price targets based on other key levels on the chart. These targets could include other support and resistance zones, Fibonacci levels, or pivot points.
Bullish Overlapping Block :
Bearish Overlapping Block :
🟣 Benefits of the Overlapping Block Between Order Block and Breaker Block
1. Enhanced Precision in Identifying Key Levels : The overlap between these two zones usually acts as a highly reliable area for price reactions, increasing the accuracy of identifying entry and exit points.
2. Reduced Trading Risk : Given the high importance of the overlap zone, the likelihood of making incorrect decisions is reduced, contributing to overall lower trading risk.
3. Increased Probability of Success : The overlap between Order Blocks and Breaker Blocks combines two powerful concepts, enhancing the likelihood of success in trades, as multiple indicators confirm the importance of the area.
4. Creation of Better Trading Opportunities : Overlap zones often provide traders with more robust trading opportunities, as these areas typically represent strong reversal points in the market.
5. Compatibility with Other Technical Tools : This concept seamlessly integrates with other technical analysis tools such as Fibonacci retracements, trend lines, and chart patterns, offering a more comprehensive market analysis.
🔵 Setting
🟣 Global Setting
Pivot Period of Order Blocks Detector : Enter the desired pivot period to identify the Order Block.
Order Block Validity Period (Bar) : You can specify the maximum time the Order Block remains valid based on the number of candles from the origin.
Mitigation Level Order Block : Determining the basic level of a Order Block. When the price hits the basic level, the Order Block due to mitigation.
Mitigation Level Breaker Block : Determining the basic level of a Breaker Block. When the price hits the basic level, the Breaker Block due to mitigation.
Mitigation Level Overlapping Block : Determining the basic level of a Overlapping Block. When the price hits the basic level, the Overlapping Block due to mitigation.
🟣 Overlapping Block Display
Show All Overlapping Block : If it is turned off, only the last Order Block will be displayed.
Demand Overlapping Block : Show or not show and specify color.
Supply Overlapping Block : Show or not show and specify color.
🟣 Order Block Display
Show All Order Block : If it is turned off, only the last Order Block will be displayed.
Demand Main Order Block : Show or not show and specify color.
Demand Sub (Propulsion & BoS Origin) Order Block : Show or not show and specify color.
Supply Main Order Block : Show or not show and specify color.
Supply Sub (Propulsion & BoS Origin) Order Block : Show or not show and specify color.
🟣 Breaker Block Display
Show All Breaker Block : If it is turned off, only the last Breaker Block will be displayed.
Demand Main Breaker Block : Show or not show and specify color.
Demand Sub (Propulsion & BoS Origin) Breaker Block : Show or not show and specify color.
Supply Main Breaker Block : Show or not show and specify color.
Supply Sub (Propulsion & BoS Origin) Breaker Block : Show or not show and specify color.
🟣 Order Block Refinement
Refine Order Blocks : Enable or disable the refinement feature. Mode selection.
🟣 Alert
Alert Name : The name of the alert you receive.
Alert Overlapping Block Mitigation :
On / Off
Message Frequency :
This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar".
Show Alert Time by Time Zone :
The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
🔵 Conclusion
The overlap between Order Blocks and Breaker Blocks represents a critical and powerful area in technical analysis that can serve as an effective tool for determining entry and exit points in trading.
These zones, due to the combination of two key concepts in technical analysis, hold significant importance and can help traders make more confident trading decisions.
Although this concept is not specifically discussed in the ICT framework and is introduced as a new idea, traders can achieve better results in their trades through practice and testing.
Utilizing the overlap between Order Blocks and Breaker Blocks, in conjunction with other technical analysis tools, can significantly improve the chances of success in trading.
All Possible Trendlines W/AlertsCore Functionality:
Trendline Detection: The system uses a proprietary algorithm that goes beyond traditional pivot point connection methods. It analyzes price action patterns and market structure to identify potential trendlines that many traders might overlook. This includes not just obvious trendlines, but also subtle ones that could become significant in the future.
Significance Evaluation: Unlike conventional indicators that treat all trendlines equally, the system employs a unique scoring system to evaluate each trendline's importance. This system considers factors such as the number of touch points, the length of the trendline, and its historical reliability in predicting price movements. This allows traders to focus on the most relevant trendlines.
Dynamic Updating: The AITI continuously reassesses and adjusts trendlines as new price data becomes available. This dynamic approach ensures that the indicator adapts to changing market conditions, providing up-to-date and relevant information.
What Makes It Original:
The AITI's originality lies in its holistic approach to trendline analysis. While most indicators focus on identifying a few key trendlines, this system aims to present a complete picture of all possible trendlines in the market. This comprehensive view allows traders to:
- Gain deeper insights into market structure and potential price movements.
- Identify less obvious but potentially significant trendlines that other traders might miss.
- Understand the relative importance of different trendlines, rather than treating all trendlines as equally significant.
The indicator's ability to dynamically update and re-evaluate trendlines in real-time sets it apart from static trendline tools. This ensures that traders always have the most current and relevant information at their disposal.
By providing a more nuanced and complete view of trendlines, the AITI enables traders to make more informed decisions based on a deeper understanding of market structure. This approach to trendline analysis is not readily available in open-source alternatives, making the AITI a valuable tool for traders seeking a more comprehensive technical analysis solution.
ICT KillZones Hunt [TradingFinder] 4 Sessions + OB + FVG + Alert🔵 Introduction
🟣 ICT
The "ICT" style is a subset of "Price Action" technical analysis. The primary goal of the ICT trading strategy is to merge "Price Action" with the "Smart Money" concept to pinpoint optimal trade entry points.
However, this approach's strength extends beyond merely finding entry points. It also helps traders gain a deeper understanding of price behavior and adapt their trading strategies to the market structure.
The most important concepts of "ICT" :
Order Block
Fair Value Gap(FVG)
Liquidity
🟣 Session
Financial markets are divided into several time periods, each featuring distinct characteristics and levels of activity. These periods, known as sessions, are active at different times during the day.
The primary active sessions in financial markets include :
Asian Session
European Session
New York Session
Based on the UTC time zone, the schedule for these key sessions is :
Asian Session: 23:00 to 06:00
European Session: 07:00 to 16:30
New York Session: 13:00 to 22:00
Note
To avoid session overlap and minimize interference during kill zones, the session times have been modified as follows :
Asian Session: 23:00 to 06:00
European Session: 07:00 to 14:25
New York Session: 14:30 to 22:55
🟣 KillZone
Kill zones are periods within a session where trader activity spikes. During these times, trading volume surges, and price movements become more pronounced.
The major kill zones, according to the UTC time zone, are as follows :
Asian Kill Zone: 23:00 to 03:55
European Kill Zone: 07:00 to 09:55
New York Morning Kill Zone: 14:30 to 16:55
New York Evening Kill Zone: 19:30 to 20:55
🔵 How to Use
🟣 Order Block
Order blocks are a distinct category of "Supply and Demand" zones, formed when a series of orders are grouped together. These blocks are often created by banks or other significant market participants.
Banks typically execute large orders in blocks during their trading sessions. If they were to enter the market with small quantities, substantial price movements would occur before the orders were fully executed, reducing potential profit.
To mitigate this, they divide their orders into smaller, more manageable positions. Traders should seek "buy" opportunities in "demand order blocks" and "sell" opportunities in "supply order blocks."
🟣 Fair Value Gap (FVG)
To pinpoint the "Fair Value Gap" on the chart, meticulous candle-by-candle analysis is essential. Pay close attention to candles with significant bodies, examining each candle alongside the one preceding it.
The candles flanking this central candle should exhibit elongated shadows, with bodies that do not intersect the body of the central candle. The span between the shadows of the first and third candles is referred to as the FVG range.
Note :
The origin of all Order Blocks and FVGs starts from inside a kill zone and extends up to the end of the same session.
🟣 Kill Zone Hunt
Following this strategy, after the conclusion of the kill zone and the stabilization of its high and low lines, if the price touches either of these lines within the same session and encounters a robust rejection, it presents an opportunity to enter a trade.
🔵 Setting
🟣 Global Setting
Show All Order Block :
If it is turned off, only the last Order Block will be displayed.
Show All FVG :
If it is turned off, only the last FVG will be displayed.
Show More Info Session :
If it is turned on, more information about kill zones (Trade Volume, Time, Number of Candles) will be displayed.
🟣 Logic Parameter
Pivot Period of Order Blocks Detector :
Enter the desired pivot period to identify the Order Block.
Order Block Validity Period (Bar) :
You can specify the maximum time the Order Block remains valid based on the number of candles from the origin.
Mitigation Level Order Block :
Determining the basic level of a block order. When the price hits the basic level, the order block due to mitigation.
🟣 Order Blocks Display
Demand Order Block :
Show or not show and specify color.
Supply order Block :
Show or not show and specify color.
🟣 Order Block Refinement
Refine Demand OB :
Enable or disable the refinement feature. Mode selection.
Refine Supply OB :
Enable or disable the refinement feature. Mode selection.
🟣 FVG
FVG Validity Period (Bar) :
You can specify the maximum time the FVG remains valid based on the number of candles from the origin.
Mitigation Level FVG :
Determining the basic level of a FVG. When the price hits the basic level, the FVG due to mitigation.
Show Demand FVG :
Show or not show and specify color.
Show Supply FVG :
Show or not show and specify color.
FVG Filter :
Enable or disable filtering of FVGs. Select filter mode.
🟣 Session
Show More Info Session Color
Asia Session, London Sesseion, New York am Session & New York pm Session :
Show or not show session and kill zones. Change the display color.
🟣 Alert
Send Alert When Touched Session high & Low :
On / Off
Alert Demand OB Mitigation :
On / Off
Alert Supply OB Mitigation :
On / Off
Alert Demand FVG Mitigation :
On / Off
Alert Supply FVG Mitigation :
On / Off
Message Frequency :
This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar".
Show Alert Time by Time Zone :
The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
Display More Info :
Displays information about the price range of the order blocks (Zone Price) and the date, hour, and minute under "Display More Info". If you do not want this information to appear in the received message along with the alert, you should set it to "Off".
Normalised T3 Oscillator [BackQuant]Normalised T3 Oscillator
The Normalised T3 Oscillator is an technical indicator designed to provide traders with a refined measure of market momentum by normalizing the T3 Moving Average. This tool was developed to enhance trading decisions by smoothing price data and reducing market noise, allowing for clearer trend recognition and potential signal generation. Below is a detailed breakdown of the Normalised T3 Oscillator, its methodology, and its application in trading scenarios.
1. Conceptual Foundation and Definition of T3
The T3 Moving Average, originally proposed by Tim Tillson, is renowned for its smoothness and responsiveness, achieved through a combination of multiple Exponential Moving Averages and a volume factor. The Normalised T3 Oscillator extends this concept by normalizing these values to oscillate around a central zero line, which aids in highlighting overbought and oversold conditions.
2. Normalization Process
Normalization in this context refers to the adjustment of the T3 values to ensure that the oscillator provides a standard range of output. This is accomplished by calculating the lowest and highest values of the T3 over a user-defined period and scaling the output between -0.5 to +0.5. This process not only aids in standardizing the indicator across different securities and time frames but also enhances comparative analysis.
3. Integration of the Oscillator and Moving Average
A unique feature of the Normalised T3 Oscillator is the inclusion of a secondary smoothing mechanism via a moving average of the oscillator itself, selectable from various types such as SMA, EMA, and more. This moving average acts as a signal line, providing potential buy or sell triggers when the oscillator crosses this line, thus offering dual layers of analysis—momentum and trend confirmation.
4. Visualization and User Interaction
The indicator is designed with user interaction in mind, featuring customizable parameters such as the length of the T3, normalization period, and type of moving average used for signals. Additionally, the oscillator is plotted with a color-coded scheme that visually represents different strength levels of the market conditions, enhancing readability and quick decision-making.
5. Practical Applications and Strategy Integration
Traders can leverage the Normalised T3 Oscillator in various trading strategies, including trend following, counter-trend plays, and as a component of a broader trading system. It is particularly useful in identifying turning points in the market or confirming ongoing trends. The clear visualization and customizable nature of the oscillator facilitate its adaptation to different trading styles and market environments.
6. Advanced Features and Customization
Further enhancing its utility, the indicator includes options such as painting candles according to the trend, showing static levels for quick reference, and alerts for crossover and crossunder events, which can be integrated into automated trading systems. These features allow for a high degree of personalization, enabling traders to mold the tool according to their specific trading preferences and risk management requirements.
7. Theoretical Justification and Empirical Usage
The use of the T3 smoothing mechanism combined with normalization is theoretically sound, aiming to reduce lag and false signals often associated with traditional moving averages. The practical effectiveness of the Normalised T3 Oscillator should be validated through rigorous backtesting and adjustment of parameters to match historical market conditions and volatility.
8. Conclusion and Utility in Market Analysis
Overall, the Normalised T3 Oscillator by BackQuant stands as a sophisticated tool for market analysis, providing traders with a dynamic and adaptable approach to gauging market momentum. Its development is rooted in the understanding of technical nuances and the demand for a more stable, responsive, and customizable trading indicator.
Thus following all of the key points here are some sample backtests on the 1D Chart
Disclaimer: Backtests are based off past results, and are not indicative of the future.
INDEX:BTCUSD
INDEX:ETHUSD
BINANCE:SOLUSD
Joesax Red to Green with Alert V2 Candle IndicatorThis indicator displays transitions of candles from red to green and from green to red on a chart, with the ability to set an adjustable percentage threshold. When a candle transitions from red to green and the percentage change exceeds the specified threshold, a red to green transition signal is issued. Similarly, when a candle transitions from green to red and the percentage change exceeds the specified threshold, a green to red transition signal is issued.
Parameters:
Percentage threshold %: Allows you to set the percentage threshold to determine when to consider the transition from one candle to another significant.
Description:
This indicator uses the absolute percentage change between the opening price and the closing price of a candle to determine whether the candle is red or green. When a candle transitions from red to green and the percentage change exceeds the set threshold, a red to green transition signal is issued. Similarly, when a candle transitions from green to red and the percentage change exceeds the set threshold, a green to red transition signal is issued. Alerts are triggered when such transitions occur.
This indicator helps traders identify significant directional changes on the chart, enabling them to make informed decisions during financial market analysis.
Chethan's Price Change AlertsThis Script will alert when the stock price crosses range from 1% to 20%.
MACD EMA/SMA Cross Alert
Title: MACD EMA/SMA Cross Alert
Description:
The "MACD EMA/SMA Cross Alert" is a comprehensive technical analysis tool designed for traders who seek to capitalize on trend reversals and momentum shifts in the market. This indicator combines the Moving Average Convergence Divergence (MACD) with Exponential Moving Averages (EMA) and a Simple Moving Average (SMA) to pinpoint significant trading opportunities.
Features:
- MACD Crossover Detection: Identifies when the MACD line crosses above or below the signal line, signaling potential buy or sell opportunities.
- EMA and SMA Configuration: Utilizes a 7-period EMA, 15-period EMA, and a 20-period SMA to assess the trend's strength and direction.
- Cross Alert Mechanism: Triggers an alert when the following conditions are met post a MACD line crossover:
- Both EMA7 and EMA15 are above the SMA20.
- A crossover occurs between EMA7 and EMA15 either in the form of a golden cross or a death cross.
Utility:
This indicator is especially useful for traders looking to enter or exit trades based on early signs of trend reversals or confirmations of ongoing trends. By integrating MACD crossovers with EMA and SMA positioning, it offers a robust framework for making informed trading decisions.
How to Use:
- Bullish Signal: A buy alert is generated when the MACD line crosses above the signal line followed by EMA7 and EMA15 crossing over each other while both are above SMA20.
- Bearish Signal: A sell alert is suggested when the MACD line crosses below the signal line followed by a negative crossover between EMA7 and EMA15 with both above SMA20.
Conclusion:
The "MACD EMA/SMA Cross Alert" indicator is a versatile tool for traders aiming to enhance their market analysis and improve their timing for entering and exiting trades. Its integration of MACD, EMA, and SMA provides a multi-layered approach to detecting key market movements, making it an essential addition to any trader's toolkit.
EMA Buy/Sell Alerts with ATR-based TP/SLI wanted to fill a void in the Tradingview FREE indicators. I have searched far and wide on a moving average alert with ATR based take profits and stop loss. I have attempted a rudimentary version of what I hope to improve upon in the future. Will try and add different moving average options such as simple, hull, RMA, JMA, SSL, WMA, etc. For now, a basic EMA with 3 TP and a SL based on the current ATR should suffice.
I grow tired of the ATR take profits being hidden behind a paywall. Please use the script and add to your favorite indicators as you please.
Please leave feedback for future development.
[TTI] Reversion Alert on Nasdaq📜 ––––HISTORY & CREDITS 🏦
This script, titled " Reversion Alert", was developed by TinTinTrading with the intention of creating an easy visual tool based on the relationship between the price and different Exponential Moving Averages (EMAs). It is something TinTinTrading has learned over the years from studying the Investor's Business Daily courses and materials, especially seminars held by William O'Neil.
🎯 ––––WHAT IT DOES 💡
The " Reversion Alert" script monitors the distance between the closing price and the 9-period EMA as well as the distance between the 9-period and 20-period EMAs. It generates an alert when the closing price is far enough away from the 9-period EMA relative to the distance between the two EMAs. The sensitivity of this alert can be adjusted by the user. The script also plots the 9-period and 20-period EMAs on the chart for visual reference. When the distance between the closing price and the 9-period EMA is more than the distance between the 9 and 20 period EMAs (and meets several other coded conditions), the price is likely extended and we can anticipate a pullback within next 1-3 days on the chart.
IMPORTANT - I only use this indicator on the NASDAQ Composite ( NASDAQ:IXIC ) and S&P500 ( SP:SPX ) and Dow Jones Composite ( TVC:DJI ). If you decide to use it for individual assets (equities, crypto or forex) make sure you toggle the sensitivity input so that it makes sense for the asset you are trading.
🛠️ ––––HOW TO USE IT 🔧
After adding the script to your chart, you will see two lines representing the 9-period and 20-period EMAs. You can adjust the sensitivity of the alert using the 'Sensitivity (%)' input in the settings panel. The default sensitivity is set at 18.5%. When an alert condition is met, a downward pointing red triangle with an exclamation mark will appear above the bar. This indicates a potential reversion scenario based on the relative positioning of the closing price and the two EMAs.
If the indicator shows an exclamation mark above the chart we can anticipate a pullback. Some techniques that yuo could apply could be:
👉 Tighten stops
👉 Reduce position size
👉 Harvest profits (or scale down)
👉 Be cautious to add new positions
Remember that this tool is meant to aid in your analysis and not to dictate trades. Always use in conjunction with other tools and your own analysis.
Economic Data Trading alerts - CPI, Interest rate, PPI, etcDescription:
This indicator is designed to alert based on user-selected economic data for Europe, the US, and Japan. It allows users to define their preferred economic data points and trade direction based on the change in the economic data compared to the previous value.
you can use the strategy to automate economic data trading.
Key Features:
Choose from various economic data points for Europe, the US, and Japan.
Customize trade direction based on whether the economic data is above or below the previous value.
Define entry conditions based on user preferences.
Visualize trade entries on the chart.
Display a table showing the results of executed trades.
Please note that this strategy is provided for educational purposes only and should not be considered as financial advice. Always do your own research and use proper risk management when trading.
The indicator is BETA please make sure to test it before using it.
IMPORTANT: you need to be aware of the fundmentals because the regime changes and markets react to every release of data differently.
Assassin's Grid
Introduction: Are you a fan of automated grid-based trading and holding onto your crypto assets like they're the last Snickers bar in the world? If so, this Pine script could be your new best friend!
Grid Trading Genius: The script uses some seriously advanced grid trading techniques to automatically place orders at different price levels, creating a mesh of positions that move with the market like a well-oiled machine. This strategy can be great for traders who are willing to sit back and let their positions grow like a fine wine over time.
Optimization Features: The script comes loaded with all sorts of features and tools to help traders optimize their grid positions, like position exits and custom alerts for creating limit and market orders. This helps keep traders in the loop and allows them to take action as needed, like a ninja in the night.
Unique Twists: One of the unique features of this script is the option to choose between normal or incremental entry steps in a 1,2,3,... ratio. By choosing incremental entries, traders can potentially improve their average price and increase their potential profits like a boss. Just keep in mind that this script doesn't have a stop loss feature, but it does include the option to sell without profit on the final entry or on all entries if desired. Additionally, the script is always open to improvement and any ideas for improving it are welcome, like a blank canvas.
Conclusion: If you love automated trading and have the patience and determination to stick to a solid strategy, this Pine script could be a great fit for you. It's suitable for traders who are comfortable with more complex trading approaches and are willing to put in the time and effort to learn and master the script's various features and techniques, like a Jedi Knight
SMMA slope deviation alertThis indicator alerts when the deviation of close value from SMMA is more than 30% of the average deviation for the last 14 bars. The period of SMMA can be adjusted.
This indicator has 3 hardcoded timeframes so there is almost no sense what timeframe you use. It gathers data from 15m, 1H and 4H timeframes and combines then on one chart.
The markers are drawn one over another, for example, if you set 1H timeframe on you chart green markers from 15m can be placed under the same 1h-candle where the blue one lights on 1H. The algo is made to lower the risks of traders, so if you use 15m timeframe you will see green marker but if you use 1H you will see the blue marker on 1H (and don't see the green one because the blue is over the green). This is somewhat a "hardcoded scalp screener". You can "zoom in" and "zoom out" the row of markers by toggling between 15m and 1H and 4H but conditions for the signals are the same.
Black and blue markers light when the price is too far from the SMMA . "Too far" means that deviation is greater than the average deviation (for 14 bars) multiplied by 1.3.
Red and green markers light when besides the condition mentioned above, the price change is accelarating. Acceleration is considered in terms of the speed of running from SMMA . if SMMA was crossed by the priceline less than 8 bars ago and now it went so far that the condition of 30% is triggered then red and green markers light.
MACD + EMA System with AlertsSo I created the MACD Cross Strategy but not working alone by itself. I added EMA (Exponential Moving Average) filter to improve its winning rate so the MACD Signal only appears when in the same trend direction as Moving Average.
The Main Rules for Long Signal are:
- MACD Main Line Crossover the MACD Signal Line.
- The crossover happens below the MACD center line (0) so the momentum is strong.
- Price above the EMA 200 so it means the market is in a strong uptrend.
The Main Rules for Short Signal are :
- MACD Main Line Crossunder the MACD Signal Line.
- The crossover happens above the MACD center line (0) so the momentum is strong.
- Price below the EMA 200 so it means the market is in a strong downtrend.
The signal crossover & signal alert only generate as per the following rules above.
Hodrick-Prescott MACD [Loxx]Hodrick-Prescott MACD is a MACD indicator using a Hodrick-Prescott Filter.
What is Hodrick–Prescott filter?
The Hodrick–Prescott filter (also known as Hodrick–Prescott decomposition) is a mathematical tool used in macroeconomics, especially in real business cycle theory, to remove the cyclical component of a time series from raw data. It is used to obtain a smoothed-curve representation of a time series, one that is more sensitive to long-term than to short-term fluctuations. The adjustment of the sensitivity of the trend to short-term fluctuations is achieved by modifying a multiplier Lambda.
The filter was popularized in the field of economics in the 1990s by economists Robert J. Hodrick and Nobel Memorial Prize winner Edward C. Prescott, though it was first proposed much earlier by E. T. Whittaker in 1923.
There are some drawbacks to use the HP filter than you can read here: en.wikipedia.org
Included
Bar coloring
3 types of signals
Alerts
Loxx's Expanded Source Types
BTC Bot [15min] with AlertsThis is the Alert version of my BTC Bot {15min} Strategy.
This BOT is specialy designed for BTCUSDT 15 min Chart. It reacts to every Upward/Downward direction as fast as possible. It does not work well on higher time frame.
This BOT using 10 indicators to open a basic LONG/SHORT position.
1. CLOUD
2. TREND DETECTOR
3. TREND STRENGTH
4. PARABOLIC SAR
5. JMA
6. RANGE FILTER
7. ADX
8. TWAP TREND
9. FAST MA
10. MOMENTUM
This BOT also use 02 independent strategies for entering positions.
1. REVESALS ( RSI Crossovers)
2. SCALPING (It can increase net profit but it can be risky)
ADX is the main component of this BOT.
This is purely BTC 15min strategy but this BOT could be easily convert into Altcoins Scalper.