Up Gap Strategy with DelayThis strategy, titled “Up Gap Strategy with Delay,” is based on identifying up gaps in the price action of an asset. A gap is defined as the percentage difference between the current bar’s open price and the previous bar’s close price. The strategy triggers a long position if the gap exceeds a user-defined threshold and includes a delay period before entering the position. After entering, the position is held for a set number of periods before being closed.
Key Features:
1. Gap Threshold: The strategy defines an up gap when the gap size exceeds a specified threshold (in percentage terms). The gap threshold is an input parameter that allows customization based on the user’s preference.
2. Delay Period: After the gap occurs, the strategy waits for a delay period before initiating a long position. This delay can help mitigate any short-term volatility that might occur immediately after the gap.
3. Holding Period: Once the position is entered, it is held for a user-defined number of periods (holdingPeriods). This is to capture the potential post-gap trend continuation, as gaps often indicate strong directional momentum.
4. Gap Plotting: The strategy visually plots up gaps on the chart by placing a green label beneath the bar where the gap condition is met. Additionally, the background color turns green to highlight up-gap occurrences.
5. Exit Condition: The position is exited after the defined holding period. The strategy ensures that the position is closed after this time, regardless of whether the price is in profit or loss.
Scientific Background:
The gap theory has been widely studied in financial literature and is based on the premise that gaps in price often represent areas of significant support or resistance. According to research by Kaufman (2002), gaps in price action can be indicators of future price direction, particularly when they occur after a period of consolidation or a trend reversal. Moreover, Gaps and their Implications in Technical Analysis (Murphy, 1999) highlights that gaps can reflect imbalances between supply and demand, leading to high momentum and potential price continuation or reversal.
In trading strategies, utilizing gaps with specific conditions, such as delay and holding periods, can enhance the ability to capture significant price moves. The strategy’s delay period helps avoid potential market noise immediately after the gap, while the holding period seeks to capitalize on the price continuation that often follows gap formation.
This methodology aligns with momentum-based strategies, which rely on the persistence of trends in financial markets. Several studies, including Jegadeesh & Titman (1993), have documented the existence of momentum effects in stock prices, where past price movements can be predictive of future returns.
Conclusion:
This strategy incorporates gap detection and momentum principles, supported by empirical research in technical analysis, to attempt to capitalize on price movements following significant gaps. By waiting for a delay period and holding the position for a specified time, it aims to mitigate the risk associated with early volatility while maximizing the potential for sustained price moves.
Cari dalam skrip untuk "chart"
Swing Structure Scanner [LuxAlgo]The Swing Structure Scanner Indicator is a dashboard type indicator which displays a Consolidated "High/Low-Only" view of swing structure, with the capability to retrieve and display swing points from up to 6 different tickers and timeframes at once.
🔶 USAGE
This indicator displays swing structure data from up to 6 unique tickers or timeframes; Each graph represents the current swing structure retrieved from the requested chart/s.
Each swing graph displays the current live swing point positioning relative to the previous swing points. By analyzing the different formations, patterns can more easily be recognized and found across multiple tickers or timeframes at once.
This indicator serves as a nifty tool for confluence recognition, whether that's confluence throughout market tickers, or confluence through higher timeframes on the same ticker.
Alternatively, viewing the relative positioning of each swing point to each other, should give a clearer idea when higher lows or lower highs are formed. This can potentially indicate a newly forming trend, as well as serving as a warning to watch for breakouts.
The swing length can be changed to align with each individual's strategy, as well as a display look back can be adjusted to show more or less swing points at one time.
The display is fairly customizable, it is not fixed to 6 symbols at all times and can be minimized to only display the number of symbols needed; Additionally, the display can be set to vertical mode or horizontal(default) to utilize as needed.
Note: Hover over the swing point in the dashboard to get a readout of the exact price level of the swing point.
🔶 SETTINGS
Swing Length: Set the swing length for the structure calculations.
Swing Display Lookback: Sets the number of swing points (Pairs) to display in each Swing Graph display.
Symbols: Sets the Timeframe and Symbol for each Swing Graph.
Vertical Display: Display the Swing Graphs up and down, rather than side to side.
Scaling Factor: Scales the entire indicator up or down, to fit your needs.
Push Up Pullback BuyThe Push Up Pullback Buy (PUPB) indicator is designed to identify trend continuation opportunities by detecting key market movements:
Push-Ups: Rapid upward price movements exceeding a customizable minimum change.
Pullbacks: Temporary price corrections following a push-up.
Trend Confirmation: Validates higher highs and higher lows during pullbacks to ensure trend continuation.
Multi-Timeframe Analysis: Incorporates lower timeframe breakout confirmation for enhanced precision.
This indicator provides visual cues (arrows and signals) directly on your chart, making it intuitive for traders to spot potential buy opportunities. Ideal for trend-following strategies and traders looking to capitalize on pullback entries in bullish markets.
Customizable parameters allow you to adapt the indicator to your preferred trading style and instruments.
AlphaEdge Crypto Tracker [CHE]AlphaEdge Crypto Tracker
Efficiently Identify Top Performers and Underperformers Among 40 Crypto Assets at a Glance
In the fast-paced world of cryptocurrency trading, staying ahead requires the ability to quickly assess the performance of multiple assets simultaneously. AlphaEdge Crypto Tracker is an advanced Pine Script™ indicator designed for TradingView that empowers traders to effortlessly monitor and evaluate 40 different crypto assets in real-time.
This tool is my Christmas gift to all traders. I wish you all a Merry Christmas and successful trades in the coming year!
Why It’s Important to Identify Winners and Losers Among 40 Assets at a Glance:
1. Time Efficiency: Managing a diverse portfolio can be overwhelming. With AlphaEdge Crypto Tracker, traders can swiftly identify which assets are performing exceptionally well (winners) and which are underperforming (losers) without the need to analyze each asset individually.
2. Informed Decision-Making: By having a clear overview of top gainers and losers, traders can make strategic decisions such as reallocating investments, taking profits, or cutting losses, thereby optimizing their trading strategies.
3. Risk Management: Quickly spotting underperforming assets helps in mitigating potential losses and adjusting positions to maintain a balanced and profitable portfolio.
4. Opportunity Identification: Recognizing top-performing assets allows traders to capitalize on emerging trends and maximize their returns by focusing on the most promising opportunities.
Key Features of AlphaEdge Crypto Tracker :
- Comprehensive Asset Tracking: Monitors 40 crypto assets simultaneously, providing a broad view of the market landscape.
- Max Gain and Adjusted Max Loss Calculations: Utilizes a 14-bar (configurable) period to calculate the highest gains and the adjusted maximum losses for each asset, offering insights into potential profitability and risk.
- Dynamic Ranking: Automatically sorts and ranks assets based on their performance, highlighting the top 10 gainers and top 10 losers for easy comparison.
- Customizable Display:
- Table Settings: Adjust the size, position, and colors of the performance table to fit your chart layout.
- Interactive Tooltips: Hover over asset names to view detailed tooltips, enhancing usability and information accessibility.
- Visual Alerts: Changes in asset performance are visually indicated through background color updates, allowing for immediate recognition of significant shifts.
- User-Friendly Interface: Intuitive table layout with clear headers and organized data presentation, making it easy for traders of all levels to interpret the information.
How It Works:
1. Data Calculation: For each of the 40 tracked assets, AlphaEdge Crypto Tracker calculates the maximum gain and adjusted maximum loss over the defined trading period.
2. Sorting and Ranking: The assets are sorted based on their maximum gains and adjusted maximum losses, automatically updating to reflect the latest market movements.
3. Real-Time Display: The top 10 gainers and losers are displayed in a neatly organized table directly on your TradingView chart, providing immediate visual insights.
4. Customization: Users can tailor the tracking period, select specific assets to monitor, and adjust the table’s appearance to match their trading style and preferences.
Conclusion:
AlphaEdge Crypto Tracker is an essential tool for cryptocurrency traders seeking to enhance their market analysis and decision-making processes. By providing a comprehensive and customizable overview of multiple assets, it enables traders to efficiently identify profitable opportunities and manage risks effectively. Whether you’re a seasoned trader or just starting, AlphaEdge Crypto Tracker equips you with the insights needed to navigate the dynamic crypto market with confidence.
Get Started Today:
Integrate AlphaEdge Crypto Tracker into your TradingView setup and take control of your crypto trading strategy with unparalleled clarity and precision.
Disclaimer:
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
License Information:
This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0. You can view the full license (mozilla.org).
© chervolino
GROK - 40 Day High BreakoutTitle: GROK - Customizable High Breakout Detector
To scan base breakout with Pine Screener
Description:
This Pine Script indicator identifies high breakout patterns based on a user-defined lookback period. By default, it checks for a breakout of the 40-day high, but the period can be adjusted to suit your trading strategy. Key features include:
Custom Lookback Period: Easily modify the number of days for high breakout detection. Lookback period is length of base you want to scan using pine screener.
Visual Alerts: Displays a green triangle above the price bar when a breakout is detected.
Alert Conditions: Built-in alert notifications for automated breakout detection.
Screener Compatibility: Plots breakout signals as a histogram for screener use.
This script is ideal for traders looking to identify strong breakout patterns and incorporate them into their strategies.
How to Use:
Adjust the lookback period in the settings to match your desired breakout criteria.
Add alerts for automated notifications when a breakout is detected.
Use the visual markers and histogram to analyze breakout patterns on your chart.
Fibonacci Retracement and Target LevelsHighest and Lowest Price Points:
The script calculates the highest (high_price) and lowest (low_price) prices in the specified timeframe. These values are essential for computing the Fibonacci retracement and extension levels.
Fibonacci Retracement Levels:
fib_0: 0% level (highest price).
fib_236, fib_382, fib_50, fib_618, and fib_100: These are the classic Fibonacci retracement levels used to identify potential support or resistance areas as the price retraces from its highest point.
Fibonacci Extension Levels (Targets):
fib_1618, fib_2618, and fib_4236: These are Fibonacci extension levels used to predict potential price targets in the direction of the trend if the price breaks beyond its current range.
Drawing the Levels:
The line.new function is used to draw horizontal lines on the chart representing the Fibonacci retracement and extension levels.
Dashed lines represent retracement levels.
Dotted lines represent extension (target) levels.
How to Use:
Create a new Pine Script in TradingView.
Paste the code above into the Pine Script editor.
Save the script and apply it to your chart to see Fibonacci retracement and extension levels plotted.
Awesome Oscillator Twin Peaks Strategy
1. The indicator identifies both bullish and bearish twin peaks:
- Bullish: Two consecutive valleys below zero, where the second valley is higher than the first
- Bearish: Two consecutive peaks above zero, where the second peak is lower than the first
2. Visual elements:
- AO histogram with color-coding for increasing/decreasing values
- Triangle markers for confirmed twin peak signals
- Zero line for reference
- Customizable colors through inputs
3. Built-in safeguards:
- Minimum separation between peaks to avoid false signals
- Maximum time window for pattern completion
- Clear signal reset conditions
4. Alert conditions for both bullish and bearish signals
To use this indicator:
1. Add it to your TradingView chart
2. Customize the input parameters if needed
3. Look for triangle markers that indicate confirmed twin peak patterns
4. Optional: Set up alerts based on the signal conditions
Future Interest Indexed by AssetEste script em Pine Script calcula e exibe o índice dos juros futuros (DI1) em relação ao preço de um ativo, utilizando o preço de fechamento do ativo e a taxa de juros futuros (DI1). O cálculo é realizado dividindo a taxa de juros pelos preços do ativo, resultando no índice indice_juros. Para evitar a divisão por zero, o script verifica se o preço do ativo é válido e não nulo. O índice calculado é então plotado em um painel inferior no gráfico, representado por uma linha azul, permitindo aos usuários observar a relação entre a taxa de juros futuros e o preço do ativo de forma clara e intuitiva.
This Pine Script script calculates and displays the future interest rate (DI1) in relation to the price of an asset, using the asset's closing price and the future interest rate (DI1). The calculation is carried out by dividing the interest rate by the asset prices, resulting in the index_interest index. To avoid division by zero, the script checks that the asset's price is valid and not null. The calculated index is then plotted in a lower panel on the chart, represented by a blue line, allowing users to observe the relationship between the future interest rate and the asset price clearly and intuitively.
12 Month Difference - YoY ComparisonEste script foi desenvolvido para calcular e exibir a variação percentual do preço de um ativo nos últimos 12 meses, de forma simples e visual. Ele utiliza dados históricos de preços e apresenta o resultado diretamente no gráfico, permitindo ao usuário acompanhar a relação entre o valor atual e o valor de 12 meses atrás.
O cálculo é baseado em um período de 12 meses, que equivale a 252 dias úteis no mercado financeiro. O script primeiro identifica o preço atual do ativo e o compara com o preço registrado há exatamente 252 dias úteis. A diferença entre esses dois valores é transformada em uma variação percentual, o que facilita a análise de desempenho do ativo ao longo do período.
Além disso, o script define uma cor para destacar o resultado:
Verde, se a variação percentual for positiva (indicando crescimento).
Vermelho, se a variação for negativa (indicando queda).
O valor calculado é exibido de forma prática no canto inferior direito do gráfico, como uma tabela flutuante. Essa tabela contém o texto "Relação 12M" e o valor percentual correspondente, permitindo uma leitura rápida.
Embora o resultado seja calculado para todos os momentos no gráfico, ele é mostrado apenas como uma tabela no último ponto confirmado da série histórica, ou seja, no momento mais recente com dados disponíveis. Além disso, o script inclui o valor da relação na legenda do gráfico, mas ele está oculto visualmente para evitar sobrecarregar o layout.
Esse indicador é útil para analisar rapidamente o desempenho de um ativo ao longo de um ano, ajudando investidores e analistas a entenderem tendências e mudanças no mercado.
This script was developed to calculate and display the percentage change in the price of an asset over the last 12 months, in a simple and visual way. It uses historical price data and displays the result directly on the chart, allowing the user to monitor the relationship between the current value and the value from 12 months ago.
The calculation is based on a 12-month period, which is equivalent to 252 business days in the financial market. The script first identifies the current price of the asset and compares it with the price recorded exactly 252 business days ago. The difference between these two values is transformed into a percentage change, which makes it easier to analyze the asset's performance over the period.
In addition, the script defines a color to highlight the result:
Green, if the percentage change is positive (indicating growth).
Red, if the change is negative (indicating a decline).
The calculated value is displayed conveniently in the bottom right corner of the chart, as a floating table. This table contains the text "12M Ratio" and the corresponding percentage value, allowing for quick reading.
Although the result is calculated for all points in time on the chart, it is only displayed as a table at the last confirmed point in the historical series, i.e. the most recent point in time with available data. In addition, the script includes the ratio value in the chart legend, but it is visually hidden to avoid cluttering the layout.
This indicator is useful for quickly analyzing the performance of an asset over a year, helping investors and analysts understand trends and changes in the market.
1-3-1 Strat Combo with 50% Level (12h)Logic Explanation
1-3-1 Combo Detection:
The script detects the 1-3-1 pattern using the previous 3 candles:
Candle 4: Inside Bar (Type 1).
Candle 3: Outside Bar (Type 3).
Candle 2: Inside Bar (Type 1).
4th Candle Behavior:
If the 4th candle (current bar):
Stays an inside bar (Type 1) → isFourthInsideBar is true.
Becomes a directional bar (Type 2) → isFourthDirectional is true.
If either of these conditions is true, the script stops calculating and waits for the next valid 1-3-1 setup.
50% Level Calculation:
If the conditions are not met (e.g., the 4th candle doesn’t stop the pattern), the script:
Plots a dotted line at the 50% level of the 3rd candle.
Adds a label showing the 50% level.
Stop Calculations:
No line, box, or label is drawn if the 4th candle is a Type 1 (inside bar) or Type 2 (directional bar).
Visual Outputs:
Dotted Box: Marks the 1-3-1 combo setup.
50% Line: Drawn only if the 4th candle does not invalidate the pattern.
Label: Displays the 50% level of the 3rd candle.
How to Use:
Apply this script on the 12-hour chart.
The script will:
Detect valid 1-3-1 patterns.
Stop drawing any calculations if the 4th candle is an inside bar (1) or a directional bar (2).
Wait for the next valid 1-3-1 combo.
Physical Levels (XAUUSD, 5$ Pricesteps)Functionality:
This indicator draws horizontal lines in the XAUUSD market at a fixed spacing of USD 5. The lines are both above and below the current market price. The number of lines is limited to optimize performance.
Use:
The indicator is particularly useful for traders who want to analyze psychological price levels, support and resistance areas, or significant price zones in the gold market. It helps to better visualize price movements and their proximity to round numbers.
How it works:
The indicator calculates a starting price based on the current price of XAUUSD, rounded to the nearest multiple of USD 5.
Starting from this starting price, evenly distributed lines are drawn up and down.
The lines are black throughout and are updated dynamically according to the current chart.
Liquidity IndicatorThe Liquidity Indicator helps identify key price levels where liquidity may be concentrated by highlighting local highs and local lows on the chart. These levels are calculated using a lookback period to determine the highest and lowest points in the recent price action.
Local Highs: Displayed as red lines, these indicate recent peaks where price has experienced rejection or a possible reversal point.
Local Lows: Displayed as green lines, these represent recent troughs where price may find support or experience a bounce.
This indicator is useful for spotting potential areas of interest for price reversal or continuation, as high liquidity zones may lead to more significant price movements.
Key Features:
Adjustable lookback period to define the scope for identifying local highs and lows.
Continuous plotting without any time restrictions, providing real-time insights into liquidity conditions.
Alerts available for when a local high or local low is detected, enabling timely market analysis.
Use Case:
This indicator can be used in conjunction with other technical analysis tools or strategies to help identify significant price levels where liquidity could impact price action. It is suitable for both intraday and swing traders looking for key price zones where potential reversals or continuations might occur.
[blackcat] L1 Banker Move█ OVERVIEW
The Pine Script is an indicator designed to analyze market signals for institutional and short-term investors. It calculates and plots three main signals: Institutional Signal, Institutional Build, and Short-Term Investor Signal. The script uses a combination of price, volume, and moving average data to generate these signals, which can help traders identify potential buying or selling opportunities.
█ LOGICAL FRAMEWORK
The script is structured into several main sections:
1 — Input Parameters
The script does not explicitly define any input parameters, relying on default values for calculations.
2 — Custom Functions
• reference_value(values, length) : Retrieves the first non-NA value from a specified number of past values.
• calculate_institutional_and_short_term_signals(low, close, open, volume) : Calculates the institutional and short-term investor signals based on price, volume, and moving average data.
3 — Calculations
• Price and Volume Metrics: The script calculates various smoothed price changes, lowest and highest values over different periods, and volume-weighted prices.
• Moving Averages: It computes simple moving averages (SMA) and exponential moving averages (EMA) for different periods.
• RSI Calculation: The script calculates a custom RSI for different periods.
• Signal Generation: It generates the institutional and short-term investor signals based on the calculated metrics.
4 — Plotting
The script plots the three main signals on the chart using the plot function.
The flow of data and logic is as follows:
• The reference_value function is used to find reference values for calculations.
• The calculate_institutional_and_short_term_signals function performs the core calculations and returns the institutional and short-term investor signals.
• The main script calls this function and plots the results.
█ CUSTOM FUNCTIONS
1 — reference_value(values, length)
• Purpose : Retrieves the first non-NA value from a specified number of past values.
• Parameters :
• values: An array of values.
• length: The number of past values to consider.
• Return Value : The first non-NA value found or na if no valid value is found.
• Functionality : Iterates through the specified number of past values and returns the first non-NA value.
2 — calculate_institutional_and_short_term_signals(low, close, open, volume)
• Purpose : Calculates the institutional and short-term investor signals based on price, volume, and moving average data.
• Parameters :
• low: Low price series.
• close: Close price series.
• open: Open price series.
• volume: Volume series.
• Return Values :
• institutional_signal: The institutional signal.
• institutional_build: The institutional build signal.
• short_term_investor_signal: The short-term investor signal.
• Functionality :
• Computes various price and volume metrics.
• Calculates moving averages and volume-weighted prices.
• Generates the institutional and short-term investor signals based on these metrics.
█ KEY POINTS AND TECHNIQUES
1 — Advanced Pine Script Features
• Custom Functions: The script defines and uses custom functions to encapsulate complex logic.
• Conditional Statements: Extensive use of iff and if statements to control the flow of calculations.
• Looping Constructs: The for loop in reference_value function to iterate through past values.
• Exponential Moving Averages (EMA): Used to smooth out price and signal changes.
• Volume-Weighted Price (VWP): Calculated to factor in volume in price analysis.
• Custom RSI Calculation: A custom RSI formula is used, which differs from the standard RSI calculation.
2 — Optimization Techniques
• Efficient Data Handling: The reference_value function efficiently finds the first non-NA value without unnecessary computations.
• Smoothed Signals: Using EMAs to smooth out noisy signals for better trend identification.
3 — Unique Approaches
• Combination of Metrics: The script combines multiple metrics (price, volume, moving averages, and custom RSI) to generate comprehensive signals.
• Institutional Build Signal: A unique approach to detect institutional activity by comparing current price levels with historical lows and smoothed price changes.
█ EXTENDED KNOWLEDGE AND APPLICATIONS
1 — Potential Modifications
• Input Parameters: Add input parameters to allow users to customize the lengths and thresholds used in the calculations.
• Strategy Version: Convert the indicator into a strategy by adding buy/sell signals based on the generated signals.
• Additional Indicators: Integrate other technical indicators (e.g., MACD, Bollinger Bands) to enhance the signal generation process.
2 — Similar Trading Scenarios
• Institutional Activity Analysis: Use similar techniques to analyze institutional activity in other markets or assets.
• Volume Analysis: Apply the volume-weighted price and volume analysis to identify significant price movements.
• Multi-Timeframe Analysis: Extend the script to analyze signals across multiple timeframes for a more robust trading strategy.
3 — Related Pine Script Concepts
• Pine Script Functions: Understanding how to define and use custom functions effectively.
• Conditional Logic: Mastering the use of iff and if statements for complex logic.
• Looping Constructs: Familiarity with for loops for iterating through data.
• Moving Averages: Knowledge of different types of moving averages and their applications.
• Volume Analysis: Techniques for incorporating volume data into price analysis.
No Wick Setup Indicator
**No Wick Setup Indicator**
This is a custom trading indicator designed to identify and signal potential buy and sell opportunities based on candlestick patterns with no wicks. Specifically, it looks for candles with no wicks at the bottom (bullish setup) or no wicks at the top (bearish setup). Here's how it works:
**Key Features:**
- **Bullish Setup**: A green candlestick with no bottom wick (i.e., the open price is equal to the low price of the candle) is considered a potential bullish signal. A trendline is drawn at the bottom of this candle. When the market price returns to this trendline, a buy signal is generated.
- **Bearish Setup**: A red candlestick with no top wick (i.e., the open price is equal to the high price of the candle) is considered a potential bearish signal. A trendline is drawn at the top of this candle. When the market price returns to this trendline, a sell signal is generated.
- **Timeframe**: This indicator works exclusively on the **30-minute timeframe**.
**How It Works:**
1. When a candlestick pattern with no bottom wick (bullish setup) is identified, a trendline is drawn at the low of the candlestick.
2. When a candlestick pattern with no top wick (bearish setup) is identified, a trendline is drawn at the high of the candlestick.
3. The indicator then tracks the market price and waits for it to return to the respective trendline level.
4. **Buy Signal**: When the market price touches or goes below the bullish trendline, a **Buy** signal is displayed on the chart with an upward arrow.
5. **Sell Signal**: When the market price touches or goes above the bearish trendline, a **Sell** signal is displayed on the chart with a downward arrow.
**Visual Elements:**
- **Trendlines**: Horizontal lines drawn at the bottom (bullish) or top (bearish) of the candlesticks with no wick.
- **Buy/Sell Labels**: Labels indicating "Buy" or "Sell" appear when the market price returns to the trendline.
**Why Use This Indicator?**
- This indicator helps identify specific price levels where the market might reverse or consolidate based on candlestick structure, offering potential entry points for trades.
- It allows traders to focus on price action and market behavior without relying on more complex indicators.
Harmonic Pattern Detector (75 patterns)Harmonic Pattern Detector offers a record amount of "Harmonic Patterns" in one script, with 75 different patterns detected, together with up to 99 different swing lengths.
🔶 USAGE
Harmonic Patterns are detected from several different ZigZag lines, derived from Swings with different lengths (shorter - longer term)
Depending on the settings ' Minimum/Maximum Swing Length ', the user will see more or less patterns from shorter and/or longer-term swing points.
🔹 Fibonacci Ratio
Certain patterns have only one ratio for a specific retrace/extension instead of one upper and one lower limit. In this case, we add a ' Tolerance ', which adds a percentage tolerance below/above the ratio, creating two limits.
A higher number may show more patterns but may become less valid.
Hoovering over points B, C, and D will show a tooltip with the concerning limits; adjusted limits will be seen if applicable.
Tooltips in settings will also show which patterns the Fibonacci Ratio applies to.
🔹 Triangle Area Ratio
Using Heron's formula , the triangle area is calculated after the X-Y axis is normalized.
Users can filter patterns based on the ratio of the smallest triangle to the largest triangle.
A lower Triangle Area Ratio number leads to more symmetrical patterns but may appear less frequently.
🔶 DETAILS
Harmonic patterns are based on geometric patterns, where the retracement/extension of a swing point must be located between specific Fibonacci ratios of the previous swing/leg. Different Harmonic Patterns require unique ratios to become valid patterns.
In the above example there is a valid 'Max Butterfly' pattern where:
Point B is located between 0.618 - 0.886 retracement level of the X-A leg
Point C is located between 0.382 - 0.886 retracement level of the A-B leg
Point D is located between 1.272 - 2.618 extension level of the B-C leg
Point D is located between 1.272 - 1.618 extension level of the X-A leg
Harmonic Pattern Detector uses ZigZag lines, where swing highs and swing lows alternate. Each ZigZag line is checked for valid Harmonic Patterns . When multiple types of Harmonic Patterns are valid for the same sequence, the pattern will be named after the first one found.
Different swing lengths form different ZigZag lines.
By evaluating different ZigZag lines (up to 99!), shorter—and longer-term patterns can be drawn on the same chart.
🔹 Blocks
The patterns are organized into blocks that can be toggled on or off with a single click.
When a block is enabled, the user can still select which specific patterns within that block are enabled or disabled.
🔹 Visuals
Besides color settings, labels can show pattern names or arrows at point D of the pattern.
Note this will happen 1 bar after validation because one extra bar is needed for confirmation.
An option is included to show only arrows without the patterns.
🔹 Updated Patterns
When a Swing Low is followed by a lower low or a Swing High followed by a higher high , triggering a pattern identical to a previous one except with a different point D, the pattern will be updated. The previous C-D line will be visible as a dashed line to highlight the event. Only the last dashed line is shown when this happens more than once.
🔹 Optimization
The script only verifies the last leg in the initial phase, significantly reducing the time spent on pattern validation. If this leg doesn't align with a potential Harmonic Pattern , the pattern is immediately disregarded. In the subsequent phase, the remaining patterns are quickly scrutinized to ensure the next leg is valid. This efficient process continues, with only valid patterns progressing to the next phase until all sequences have been thoroughly examined.
This process can check up to 99 ZigZag lines for 75 different Harmonic Patterns , showcasing its high capacity and versatility.
🔹 Ratios
The following table shows the different ratios used for each Harmonic Pattern .
' min ' and ' max ' are used when only one limit is provided instead of 2. This limit is given a percentage tolerance above and below, customizable by the setting ' Tolerance - Fibonacci Ratio '.
For example a ratio of 0.618 with a tolerance of 1% would result in:
an upper limit of 0.624
a lower limit of 0.612
|-------------------|------------------------|------------------------|-----------------------|-----------------------|
| NAME PATTERN | BCD (BD) | ABC (AC) | XAB (XB) | XAD (XD) |
| | min max | min max | min max | min max |
|-------------------|------------------------|------------------------|-----------------------|-----------------------|
| 'ABCD' | 1.272 - 1.618 | 0.618 - 0.786 | | |
| '5-0' | 0.5 *min - 0.5 *max | 1.618 - 2.24 | 1.13 - 1.618 | |
| 'Max Gartley' | 1.128 - 2.236 | 0.382 - 0.886 | 0.382 - 0.618 | 0.618 - 0.786 |
| 'Gartley' | 1.272 - 1.618 | 0.382 - 0.886 | 0.618*min - 0.618*max | 0.786*min - 0.786*max |
| 'A Gartley' | 1.618*min - 1.618*max | 1.128 - 2.618 | 0.618 - 0.786 | 1.272*min - 1.272*max |
| 'NN Gartley' | 1.128 - 1.618 | 0.382 - 0.886 | 0.618*min - 0.618*max | 0.786*min - 0.786*max |
| 'NN A Gartley' | 1.618*min - 1.618*max | 1.128 - 2.618 | 0.618 - 0.786 | 1.272*min - 1.272*max |
| 'Bat' | 1.618 - 2.618 | 0.382 - 0.886 | 0.382 - 0.5 | 0.886*min - 0.886*max |
| 'Alt Bat' | 2.0 - 3.618 | 0.382 - 0.886 | 0.382*min - 0.382*max | 1.128*min - 1.128*max |
| 'A Bat' | 2.0 - 2.618 | 1.128 - 2.618 | 0.382 - 0.618 | 1.128*min - 1.128*max |
| 'Max Bat' | 1.272 - 2.618 | 0.382 - 0.886 | 0.382 - 0.618 | 0.886*min - 0.886*max |
| 'NN Bat' | 1.618 - 2.618 | 0.382 - 0.886 | 0.382 - 0.5 | 0.886*min - 0.886*max |
| 'NN Alt Bat' | 2.0 - 4.236 | 0.382 - 0.886 | 0.382*min - 0.382*max | 1.128*min - 1.128*max |
| 'NN A Bat' | 2.0 - 2.618 | 1.128 - 2.618 | 0.382 - 0.618 | 1.128*min - 1.128*max |
| 'NN A Alt Bat' | 2.618*min - 2.618*max | 1.128 - 2.618 | 0.236 - 0.5 | 0.886*min - 0.886*max |
| 'Butterfly' | 1.618 - 2.618 | 0.382 - 0.886 | 0.786*min - 0.786*max | 1.272 - 1.618 |
| 'Max Butterfly' | 1.272 - 2.618 | 0.382 - 0.886 | 0.618 - 0.886 | 1.272 - 1.618 |
| 'Butterfly 113' | 1.128 - 1.618 | 0.618 - 1.0 | 0.786 - 1.0 | 1.128*min - 1.128*max |
| 'A Butterfly' | 1.272*min - 1.272*max | 1.128 - 2.618 | 0.382 - 0.618 | 0.618 - 0.786 |
| 'Crab' | 2.24 - 3.618 | 0.382 - 0.886 | 0.382 - 0.618 | 1.618*min - 1.618*max |
| 'Deep Crab' | 2.618 - 3.618 | 0.382 - 0.886 | 0.886*min - 0.886*max | 1.618*min - 1.618*max |
| 'A Crab' | 1.618 - 2.618 | 1.128 - 2.618 | 0.276 - 0.446 | 0.618*min - 0.618*max |
| 'NN Crab' | 2.236 - 4.236 | 0.382 - 0.886 | 0.382 - 0.618 | 1.618*min - 1.618*max |
| 'NN Deep Crab' | 2.618 - 4.236 | 0.382 - 0.886 | 0.886*min - 0.886*max | 1.618*min - 1.618*max |
| 'NN A Crab' | 1.128 - 2.618 | 1.128 - 2.618 | 0.236 - 0.447 | 0.618*min - 0.618*max |
| 'NN A Deep Crab' | 1.128*min - 1.128*max | 1.128 - 2.618 | 0.236 - 0.382 | 0.618*min - 0.618*max |
| 'Cypher' | 1.272 - 2.00 | 1.13 - 1.414 | 0.382 - 0.618 | 0.786*min - 0.786*max |
| 'New Cypher' | 1.272 - 2.00 | 1.414 - 2.14 | 0.382 - 0.618 | 0.786*min - 0.786*max |
| 'Anti New Cypher' | 1.618 - 2.618 | 0.467 - 0.707 | 0.5 - 0.786 | 1.272*min - 1.272*max |
| 'Shark 1' | 1.618 - 2.236 | 1.128 - 1.618 | 0.382 - 0.618 | 0.886*min - 0.886*max |
| 'Shark 1 Alt' | 1.618 - 2.618 | 0.618 - 0.886 | 0.446 - 0.618 | 1.128*min - 1.128*max |
| 'Shark 2' | 1.618 - 2.236 | 1.128 - 1.618 | 0.382 - 0.618 | 1.128*min - 1.128*max |
| 'Shark 2 Alt' | 1.618 - 2.618 | 0.618 - 0.886 | 0.446 - 0.618 | 0.886*min - 0.886*max |
| 'Leonardo' | 1.128 - 2.618 | 0.382 - 0.886 | 0.5*min - 0.5*max | 0.786*min - 0.786*max |
| 'NN A Leonardo' | 2.0*min - 2.0*max | 1.128 - 2.618 | 0.382 - 0.886 | 1.272*min - 1.272*max |
| 'Nen Star' | 1.272 - 2.0 | 1.414 - 2.14 | 0.382 - 0.618 | 1.272*min - 1.272*max |
| 'Anti Nen Star' | 1.618 - 2.618 | 0.467 - 0.707 | 0.5 - 0.786 | 0.786*min - 0.786*max |
| '3 Drives' | 1.272 - 1.618 | 0.618 - 0.786 | 1.272 - 1.618 | 1.618 - 2.618 |
| 'A 3 Drives' | 0.618 - 0.786 | 1.272 - 1.618 | 0.618 - 0.786 | 0.13 - 0.886 |
| '121' | 0.382 - 0.786 | 1.128 - 3.618 | 0.5 - 0.786 | 0.382 - 0.786 |
| 'A 121' | 1.272 - 2.0 | 0.5 - 0.786 | 1.272 - 2.0 | 1.272 - 2.618 |
| '121 BG' | 0.618 - 0.707 | 1.128 - 1.733 | 0.5 - 0.577 | 0.447 - 0.786 |
| 'Black Swan' | 1.128 - 2.0 | 0.236 - 0.5 | 1.382 - 2.618 | 1.128 - 2.618 |
| 'White Swan' | 0.5 - 0.886 | 2.0 - 4.237 | 0.382 - 0.786 | 0.238 - 0.886 |
| 'NN White Swan' | 0.5 - 0.886 | 2.0 - 4.236 | 0.382 - 0.724 | 0.382 - 0.886 |
| 'Sea Pony' | 1.618 - 2.618 | 0.382 - 0.5 | 0.128 - 3.618 | 0.618 - 3.618 |
| 'Navarro 200' | 0.886 - 3.618 | 0.886 - 1.128 | 0.382 - 0.786 | 0.886 - 1.128 |
| 'May-00' | 0.5 - 0.618 | 1.618 - 2.236 | 1.128 - 1.618 | 0.5 - 0.618 |
| 'SNORM' | 0.9 - 1.1 | 0.9 - 1.1 | 0.9 - 1.1 | 0.618 - 1.618 |
| 'COL Poruchik' | 1.0 *min - 1.0 *max | 0.382 - 2.618 | 0.128 - 3.618 | 0.618 - 3.618 |
| 'Henry – David' | 0.618 - 0.886 | 0.44 - 0.618 | 0.128 - 2.0 | 0.618 - 1.618 |
| 'DAVID VM 1' | 1.618 - 1.618 | 0.382*min - 0.382*max | 0.128 - 1.618 | 0.618 - 3.618 |
| 'DAVID VM 2' | 1.618 - 1.618 | 0.382*min - 0.382*max | 1.618 - 3.618 | 0.618 - 7.618 |
| 'Partizan' | 1.618*min - 1.618*max | 0.382*min - 0.382*max | 0.128 - 3.618 | 0.618 - 3.618 |
| 'Partizan 2' | 1.618 - 2.236 | 1.128 - 1.618 | 0.128 - 3.618 | 1.618 - 3.618 |
| 'Partizan 2.1' | 1.618*min - 1.618*max | 1.128*min - 1.128*max | 0.128 - 3.618 | 0.618 - 3.618 |
| 'Partizan 2.2' | 2.236*min - 2.236*max | 1.128*min - 1.128*max | 0.128 - 3.618 | 0.618 - 3.618 |
| 'Partizan 2.3' | 1.618*min - 1.618*max | 0.618 - 1.618 | 0.128 - 3.618 | 0.618 - 3.618 |
| 'Partizan 2.4' | 2.236*min - 2.236*max | 1.618*min - 1.618*max | 0.128 - 3.618 | 0.618 - 3.618 |
| 'TOTAL' | 1.272 - 3.618 | 0.382 - 2.618 | 0.276 - 0.786 | 0.618 - 1.618 |
| 'TOTAL NN' | 1.272 - 4.236 | 0.382 - 2.618 | 0.236 - 0.786 | 0.618 - 1.618 |
| 'TOTAL 1' | 1.272 - 2.618 | 0.382 - 0.886 | 0.382 - 0.786 | 0.786 - 0.886 |
| 'TOTAL 2' | 1.618 - 3.618 | 0.382 - 0.886 | 0.382 - 0.786 | 1.128 - 1.618 |
| 'TOTNN 2NN' | 1.618 - 4.236 | 0.382 - 0.886 | 0.382 - 0.786 | 1.128 - 1.618 |
| 'TOTAL 3' | 1.272 - 2.618 | 1.128 - 2.618 | 0.276 - 0.618 | 0.618 - 0.886 |
| 'TOTNN 3NN' | 1.272 - 2.618 | 1.128 - 2.618 | 0.236 - 0.618 | 0.618 - 0.886 |
| 'TOTAL 4' | 1.618 - 2.618 | 1.128 - 2.618 | 0.382 - 0.786 | 1.128 - 1.272 |
| 'BG 1' | 2.618*min - 2.618*max | 0.382*min - 0.382*max | 0.128 - 0.886 | 1.0 *min - 1.0 *max |
| 'BG 2' | 2.237*min - 2.237*max | 0.447*min - 0.447*max | 0.128 - 0.886 | 1.0 *min - 1.0 *max |
| 'BG 3' | 2.0 *min - 2.0 *max | 0.5 *min - 0.5 *max | 0.128 - 0.886 | 1.0 *min - 1.0 *max |
| 'BG 4' | 1.618*min - 1.618*max | 0.618*min - 0.618*max | 0.128 - 0.886 | 1.0 *min - 1.0 *max |
| 'BG 5' | 1.414*min - 1.414*max | 0.707*min - 0.707*max | 0.128 - 0.886 | 1.0 *min - 1.0 *max |
| 'BG 6' | 1.272*min - 1.272*max | 0.786*min - 0.786*max | 0.128 - 0.886 | 1.0 *min - 1.0 *max |
| 'BG 7' | 1.171*min - 1.171*max | 0.854*min - 0.854*max | 0.128 - 0.886 | 1.0 *min - 1.0 *max |
| 'BG 8' | 1.128*min - 1.128*max | 0.886*min - 0.886*max | 0.128 - 0.886 | 1.0 *min - 1.0 *max |
|-------------------|------------------------|------------------------|-----------------------|-----------------------|
🔶 SETTINGS
🔹 Swings
Minimum Swing Length: Minimum length used for the swing detection.
Maximum Swing Length: Maximum length used for the swing detection.
🔹 Patterns
Toggle Pattern Block
Toggle separate pattern in each Pattern Block
🔹 Tolerance
Fibonacci Ratio: Adds a percentage tolerance below/above the ratio when only one ratio applies, creating two limits.
Triangle Area Ratio: Filters patterns based on the ratio of the smallest triangle to the largest triangle.
🔹 Display
Labels: Display Pattern Names, Arrows or nothing
Patterns: Display or not
Last Line: Display previous C-D line when updated
🔹 Style
Colors: Pattern Lines/Names/Arrows - background color of patterns
Text Size: Text Size of Pattern Names/Arrows
🔹 Calculation
Calculated Bars: Allows the usage of fewer bars for performance/speed improvement
Precision Swing Point V2.0 - [Gozlan]"Precision Swing Point V2.0," is well-structured and aims to highlight specific conditions in the chart while factoring in time zones and user configurations. Here's a quick breakdown and a couple of improvements or fixes to consider:
Key Features:
Multi-Symbol Analysis:
Incorporates three symbols (Symbol 1, Symbol 2, and Symbol 3) and compares their open/close values to derive candle states (green/red).
Highlighting Conditions:
Green: When Symbol 2 is red and Symbol 1 is green.
Red: When Symbol 2 is green and Symbol 1 is red.
Blue: When Symbol 3 is green and Symbol 1 is red.
Custom Time Highlights:
Allows users to specify times for highlighting specific bars.
Timezone Flexibility:
Time calculations adjust based on user-defined UTC offsets.
ICT FVG [TheFundedRoad]This indicator shows you all ICT Fair value gaps on chart with midpoint line
Fair value gap is a gap in a set of 3 candles, in a bullish FVG you have 1st candle high being lower than third candle low, and in a bearish FVG you have first candle low higher than third candle high, thats how this indicator finds these fair value gaps
It draws the fair value gap from the 2nd candle forward
You can customize the color and if you want to see the midpoint or not, midpoint is 50% of the gap
Richs Market StructureThis Pine Script indicator, "Last Bullish High & Lowest Low Tracker with Timeframe Background and Fill", is designed to visually track bullish and bearish trends based on price action on the current chart and a user-defined timeframe. It provides dynamic line plotting, area fills, and background coloring to represent trend alignment between the current chart and the selected timeframe.
Features and Functionalities
Tracks Bullish Highs and Bearish Lows:
The script identifies:
Bullish High: The highest price reached after a bullish (green) candle.
Bearish Low: The lowest price reached after a bearish (red) candle.
It dynamically updates these levels based on the price movements.
Line Plotting:
Current Chart Lines:
The Plotted Bullish High line (green/red) indicates the last bullish high.
The Lowest Low line (green/red) indicates the last bearish low.
Selected Timeframe Lines:
A separate set of lines is plotted for the user-defined timeframe (e.g., daily, weekly):
A Bullish High Line for the selected timeframe (lighter green).
A Lowest Low Line for the selected timeframe (lighter red).
Dynamic Area Fills:
The area between the Plotted Bullish High and Lowest Low is filled:
Green Fill: When both lines are green (indicating a bullish alignment).
Red Fill: When both lines are red (indicating a bearish alignment).
For the selected timeframe:
The area between the timeframe-specific Bullish High and Lowest Low is similarly filled with lighter colors.
Background Color Based on Timeframe Alignment:
The background color represents the trend alignment on the selected timeframe:
Green Background: When the timeframe’s Bullish High is rising and Lowest Low is rising (bullish trend).
Red Background: When the timeframe’s Bullish High is falling and Lowest Low is falling (bearish trend).
What It’s For
This indicator is designed for traders who want to:
Visualize Trends Across Timeframes:
It helps identify when the current chart’s trend aligns with a higher timeframe trend (e.g., daily, weekly).
Useful for multi-timeframe analysis.
Spot Bullish and Bearish Trends:
The color-coded lines and fills clearly show the dominant trend on both the current chart and the selected timeframe.
Plan Trades Based on Trend Alignment:
When the current chart and selected timeframe show the same trend:
Both lines and fills turn green (bullish).
Both lines and fills turn red (bearish).
This alignment is a potential signal for entering long or short trades.
Identify Reversals and Divergences:
Divergence between the current chart and timeframe trends (e.g., green on one, red on the other) may indicate trend weakening or reversal.
Visual Elements
Lines:
Solid lines (current chart): Represent the Plotted Bullish High and Lowest Low.
Dashed/lighter lines (selected timeframe): Represent the timeframe-specific Bullish High and Lowest Low.
Fills:
Green/Red fills highlight trend zones:
On the current chart (darker).
On the selected timeframe (lighter).
Background:
The entire chart background turns green or red based on the selected timeframe’s trend alignment.
Summary
This indicator is ideal for traders who want a clear visual representation of price trends and multi-timeframe alignment. It simplifies trend-following strategies by providing:
Easy-to-interpret fills and background colors.
Clear bullish and bearish zones.
Multi-timeframe trend confirmation.
ROI Levels IndicatorROI Levels Indicator 📈💰
Description: The "ROI Levels Indicator" helps you visualize key Return on Investment (ROI) levels directly on your chart, making it easier to track your profit milestones! 🚀 This tool allows you to enter your entry price, and it calculates levels from 100% up to 1000% ROI, each with a spread to represent potential support and resistance zones. The levels are visually represented by red rectangles to help identify zones where the market might react. This is a great way for traders to easily understand profit-taking points and psychological price levels!
Features:
🛠️ Custom Entry Price: Set your own entry price to start calculating ROI levels.
📊 Multiple ROI Levels: Levels from 100% to 1000%, with a customizable spread for visual clarity.
🔴 Visual Representation: Each level is marked with a full-screen-width rectangle and label, making it easy to track.
🚨 Entry Price Plot: A red dashed line marks your entry price for easy reference.
How to Use:
Enter Your Price: Use the "Entry Price" input field to specify the entry price of your trade.
Spread Adjustment: Adjust the spread percentage if you want more or less tolerance around each ROI level.
View the Levels: The script automatically plots 100% to 1000% ROI levels. Each level is represented by a red rectangle and labeled on the right side for quick identification.
Track Profit Zones: Use the plotted ROI levels to identify key profit-taking areas or potential zones of support and resistance.
Pro Tip: Use these levels as reference points to decide when to scale out of positions or manage risk effectively! 🎯
Happy trading, and may your ROI always be on the rise! 📈🔥
Stock vs Sector Comparison with HighlightsThis graph is meant as a support to select a stock that is expected to perform better than the sector.
The graph is based on weekly chart. So this is a medium / long term strategy.
How is expected to be used: when the stock has under performed the sector for some time, there is a natural tendence that it will catch up with the sector again. So, for example, if the color change from green to red, you should consider find another stock in the sector. If the stock looses the green color, but is not red yet, you should wait. And vice versa if you start with red. However, life is not that simple, as you can get fake signal. To mitigate this problem, you can adjust the threshold in the input setting, so just go for the signal after x weeks over/underperforming. You also need remember to select the sector in the settings, as the sector is not give automatically when you select the stock.
Below the sectors used:
Sector Name Ticker
S&P 500 (Market Index) SPY
Technology XLK
Financials XLF
Consumer Discretionary XLY
Industrials XLI
Health Care XLV
Consumer Staples XLP
Energy XLE
Utilities XLU
Communication Services XLC
Real Estate XLRE
Materials XLB
EMA with Supply and Demand Zones
The EMA with Supply and Demand Strategy is a trend-following trading approach that integrates Exponential Moving Averages (EMA) with supply and demand zones to identify potential entry and exit points. Below is a detailed description of its components and logic:
Key Components of the Strategy
1. EMA (Exponential Moving Average)
The EMA is used as a trend filter:
Bullish Trend: Price is above the EMA.
Bearish Trend: Price is below the EMA.
The EMA ensures that trades align with the overall market trend, reducing counter-trend risks.
2. Supply and Demand Zones
Demand Zone:
Represents areas where the price historically found support (buyers dominated).
Calculated using the lowest low over a specified lookback period.
Used for identifying potential long entry points.
Supply Zone:
Represents areas where the price historically faced resistance (sellers dominated).
Calculated using the highest high over a specified lookback period.
Used for identifying potential short entry points.
3. Trade Conditions
Long Trade:
Triggered when:
The price is above the EMA (bullish trend).
The low of the current candle touches or penetrates the most recent demand zone.
Short Trade:
Triggered when:
The price is below the EMA (bearish trend).
The high of the current candle touches or penetrates the most recent supply zone.
4. Exit Conditions
Long Exit:
Exit the trade when the price closes below the EMA, indicating a potential trend reversal.
Short Exit:
Exit the trade when the price closes above the EMA, signaling a potential upward reversal.
Visual Representation
EMA: A blue line plotted on the chart to show the trend.
Supply Zones: Red horizontal lines representing potential resistance levels.
Demand Zones: Green horizontal lines representing potential support levels.
These zones dynamically adjust to reflect the most recent 3 levels.
How the Strategy Works
Trend Identification:
The EMA determines the direction of the trade:
Look for long trades only in a bullish trend (price above EMA).
Look for short trades only in a bearish trend (price below EMA).
Entry Points:
Wait for price interaction with a supply or demand zone:
If the price touches a demand zone during a bullish trend, initiate a long trade.
If the price touches a supply zone during a bearish trend, initiate a short trade.
Risk Management:
The strategy exits trades if the price moves against the trend (crosses the EMA).
This ensures minimal exposure during adverse market movements.
Benefits of the Strategy
Trend Alignment:
Reduces counter-trend trades, improving the win rate.
Clear Entry and Exit Rules:
Combines price action (zones) with a reliable trend filter (EMA).
Dynamic Levels:
The supply and demand zones adapt to changing market conditions.
Customization Options
EMA Length:
Adjust to suit different timeframes or market conditions (e.g., 20 for faster trends, 50 for slower trends).
Lookback Period:
Fine-tune to capture broader or narrower supply and demand zones.
Risk/Reward Preferences:
Pair the strategy with stop-loss and take-profit levels for enhanced control.
This strategy is ideal for traders looking for a structured approach to identify high-probability trades while aligning with the prevailing trend. Backtest and optimize parameters based on your trading style and the specific asset you're tradin
Day Pattern IndicatorDay Pattern Indicator
The Day Pattern Indicator is designed to help traders analyze daily trends and patterns in their selected markets. This tool highlights specific days of the week on the chart with unique, semi-transparent colored bars. Each day is customizable, allowing users to toggle the visibility of Monday through Sunday to focus on days most relevant to their trading strategy. Ideal for identifying potential patterns in cryptocurrency, forex, or stock markets, the indicator is perfect for traders seeking insights into weekday or weekend market behavior. Simple, effective, and visually intuitive!
Eze Profit - VWAP + MACD Combined SignalThe Eze Profit - VWAP + MACD Combined Signal is an advanced trading tool designed to help traders align price trends with momentum confirmation for better decision-making. By combining Volume-Weighted Average Price (VWAP) and Moving Average Convergence Divergence (MACD), this indicator provides clear entry and exit signals, allowing traders to follow trends and take advantage of momentum shifts.
How It Works:
VWAP:
VWAP represents the average price of an asset, weighted by volume, over a specific period.
It acts as a dynamic support/resistance level and trend filter. Price above VWAP indicates bullish conditions, while price below VWAP suggests bearish conditions.
MACD:
MACD measures momentum through the difference between fast and slow exponential moving averages (EMAs).
Signals are generated when the MACD line crosses its signal line:
Bullish Crossover: Indicates increasing upward momentum.
Bearish Crossunder: Indicates increasing downward momentum.
Combined Logic:
Long Signal: Triggered when price is above VWAP, and MACD exhibits a bullish crossover.
Short Signal: Triggered when price is below VWAP, and MACD exhibits a bearish crossunder.
The script tracks the trader's "in-position" state to prevent redundant signals and ensure clarity.
How to Use:
Use this script to identify potential long and short trading opportunities:
Buy Signal: Enter a long position when the price moves above VWAP and MACD confirms bullish momentum.
Sell Signal: Exit or short when the price drops below VWAP and MACD confirms bearish momentum.
Combine with additional tools like support/resistance, volume analysis, or candlestick patterns for confirmation.
Features:
VWAP Trend Filter: Dynamically adjusts to the trading session to identify overall trend direction.
MACD Momentum Confirmation: Detects key momentum shifts with configurable settings for fast, slow, and signal lengths.
Position State Tracking: Avoids signal redundancy by monitoring open positions.
Buy/Sell Visualizations: Plots Buy/Sell signals directly on the chart for ease of use.
Alerts: Notifies traders in real-time when a long or short signal is triggered.
Customizable Settings:
MACD Fast Length, Slow Length, and Signal Smoothing parameters.
VWAP timeframe resolution to adapt to different trading styles (e.g., intraday or daily).
Credits:
This script is based on standard VWAP and MACD calculations provided by TradingView’s library and has been enhanced with unique logic for combined signal generation.
Notes:
This indicator is intended for educational purposes and should not be considered financial advice. Use it as part of a broader trading strategy alongside other tools for optimal results.
