10 EMA StrategyThis indicator shows you:
- The first bullish candle to close below EMA 10
- The first bearish candle to close above EMA 10.
Optional:
You can enable the exit signals in the setting. This will show you:
- If you are long (bullish), it will signal when the first bullish candle closes below EMA 10
- If you are short (bearish), it will signal when the first bearish candle closes above EMA 10
You can also change the EMA 10, to another length, if you want to try something else.
Cari dalam skrip untuk "entry"
[TT$] Trade Tracker - By BlueJayBirdUSE:
- For visually tracking your trades in a floating pane (label).
- Most of the features are described in the image.
MAIN FEATURES:
- Better long-position and short-position tool wannabe.
- Visual data for tracking your trade position.
- Automatic setting of some common values in trades risk management.
- Switching from long-position to short-position can be done by just dragging the target or the entry point around.
EMOJIS:
- ⏰ Entry time: : Confirmed manually when the tool is added to the chart.
- 🎲 Entry: Confirmed manually when the tool is added to the chart.
- 🎯 Target: Confirmed manually when the tool is added to the chart.
- ⛔ Stop-Loss: Set automatically by the code.
- 🪓 Break Even: Set automatically by the code.
- 👻 Else: Set manually from the settings.
- 💲 Current: Automatic.
NOTES:
- Be aware of the "time zone" feature. Change it to the time you're currently using for your trades.
- QUOTE use is really optional. I'd rather not use it.
- The 👻 is just an extra feature. Do whatever you want with it (example: for pointing out a dangerous zone).
- 💱: "Fee" feature is not working, but it will. Sorry for that.
Bjorgum Key Levels
Key Levels Aims to capture 3 of the most significant points in price action
Breakouts
False Breakouts (Traps)
Back Checks
These 3 points alone, if properly identified, can be some of the most significant points of movement in the price history of an asset and bring significant gains to traders, if capitalized on. Here are a few examples of these setups
Breakouts
Breakouts can bring significant rallies as the market swings one sided after key levels are breached. This entry type can bring large trending runs to follow. Momentum is on your side, but the trade off is a higher entry.
False Breakouts
Also known as a bull trap or a bear trap, false breaks can lead to swift and significant reversals and potential for a large and sudden move to the opposite side. When a key level breakout fails to hold, parties entering to capitalize on the "epic breakout" can get left holding the bag forcing them to exit at a loss, which can double the force of pressure. Traps can bring swift gains from good entry prices. However, price is still in a larger trend against you so momentum is weak, so price action is susceptible to roll over.
Backchecks
Back checks are pull backs in trend that find middle ground to the 2 areas already described. Both momentum and entry price are decent, but risk is defined as a key level has flipped offering entry with stops below demand, or above supply.
Combining these 3 methods helps to diversify risk, understand trend development, and bring steady gains. This script helps to identify these points to traders with analysis of key levels, price structure, and trend direction, while providing visual signals and alerts for when they occur.
Best of luck in your coding and trading and thank you for your support
Hotch v1.02 RSI+Fractals/VWAP Bands/Smoothed Moving Average. In this script the RSI is used the limit number of displayed fractals to only those fractals that are triggered in the RSI Overbought and Oversold areas. This helps keep the chart cleaner looking when combined with other indicators so other icons that are plotted above and below candles are not covered up.
For example if the RSI drops below 30 the next fractal would be displayed.
If the RSI stays below 30 each fractal would be displayed.
If the RSI dips below 30 and returns above 30 before there is a fractal is displayed, the next valid fractal would still be displayed.
With optimization of the RSI values this indicator can be used in confluence with the included VWAP bands and Moving average to find trend reversal entry points for trades. Also recommended is to use a divergence identifying lower indicator as a secondary confirmation of trade entry.
Example of a potential long entry using the displayed chart.
1) RSI under 30
2) Price was recently outside of your chosen VWAP multiple.
3) a fractal was triggered.
Additionaly:
4) Use other indicators or other confluences for a stronger trade signal.
5) Use your preferred method of determining entry price stop loss and take profit.
NOTE: Fractals normally paint two bars behind the current bar. In this code, with the combination of the RSI and Fractal Trigger, the fractal paints an icon on the current bar.
3 Candle EngulfingThree Line Strike Candlestick Pattern (3 candle Engulfing pattern) to help you detect sniper entry point mostly for (forex)
You can use this as an indicator to detect an entry point for your trade.
Please cross-check the Macro and Micro trend and don't go against the trend. Also use other indicators to confirm your entry.
You can set the engulfing minimum pips value (Default is set to 10 pips)
How it works:
Yellow candle with an up green triangle means a long entry
White candle with a down green triangle means a short entry
Linear Regression & RSI Multi-Function Screener with Table-LabelHi fellow traders..
Happy to share a Linear Regression & RSI Multi-Function Custom Screener with Table-Labels...
The Screener scans for Linear Regression 2-SD Breakouts and RSI OB/OS levels for the coded tickers and gives Summary alerts
Uses Tables (dynamica resizing) for the scanner output instead of standard labels!
This Screener cum indicator collection has two distinct objectives..
1. Attempt re-entry into trending trades.
2. Attempt Counter trend trades using linear regression , RSI and Zigzag.
Briefly about the Screener functions..
a. It uses TABLES as Labels a FIRST for any Screener on TV.
b. Tables dynamically resize based on criteria..
c. Alerts for breakouts of the UPPER and the LOWER regression channels.(2 SD)
d. In addition to LinReg it also Screens RSI for OB/OS levels so a multifunction Screener.
e. Of course has the standard summary Alerts and programmable format for Custom functions.
f. Uses only the inbuilt Auto Fib and Lin Reg code for the screener.(No proprietary stuff)
g. The auto Zigzag code is derived(Auto fib).
Question what are all these doing in a single screener ??
ZigZag is very useful in determining Trend Up or Down from one Pivot to another.
So Once you have a firm view of the Current Trend for your chosen timeframe and ticker…
We can consider few possible trading scenarios..
a. Re-entry in an Up Trend - Combination of OS Rsi And a Lower Channel breach followed by a re-entry back into the regression channel CAN be used as an effective re-entry.
b. Similarily one can join a Down Trend on OB Rsi and Upper Channel line breach followed by re-entry into the regression channel.
If ZigZag signals a range-bound market, bound within channel lines then the Upper breakout can be used to Sell and vice-versa!
In short many possibilities for using these functions together with Scanner and Alerts.
This facilitates timely PROFITABLE Trending and Counter trend opportunities across multiple tickers.
You must give a thorough READ to the various available tutorials on ZigZag / Regression and Fib retracements before attempting counter trend trades using these tools!!
A small TIP – Markets are sideways or consolidating 70% of the time!!
Acknowledgements: - Thanks a lot DGTRD for the Auto ZigZag code and also for the eagerness to help wherever possible..Respect!!
Disclaimer: The Alerts and Screener are just few tools among many and not any kind of Buy/Sell recommendations. Unless you have sufficient trading experience please consult a Financial advisor before investing real money.
*The alerts are set for crossovers however for viewing tickers trading above or below the channel use code in line 343 and 344 after setting up the Alerts!
** RSI alerts are disabled by default to avoid clutter, but if needed one can activate code lines 441,442,444 and 445
Wish you all, Happy Profitable Trading!
Portfolio Backtester Engine█ OVERVIEW
Portfolio Backtester Engine (PBTE). This tool will allow you to backtest strategies across multiple securities at once. Allowing you to easier understand if your strategy is robust. If you are familiar with the PineCoders backtesting engine , then you will find this indicator pleasant to work with as it is an adaptation based on that work. Much of the functionality has been kept the same, or enhanced, with some minor adjustments I made on the account of creating a more subjectively intuitive tool.
█ HISTORY
The original purpose of the backtesting engine (`BTE`) was to bridge the gap between strategies and studies . Previously, strategies did not contain the ability to send alerts, but were necessary for backtesting. Studies on the other hand were necessary for sending alerts, but could not provide backtesting results . Often, traders would have to manage two separate Pine scripts to take advantage of each feature, this was less than ideal.
The `BTE` published by PineCoders offered a solution to this issue by generating backtesting results under the context of a study(). This allowed traders to backtest their strategy and simultaneously generate alerts for automated trading, thus eliminating the need for a separate strategy() script (though, even converting the engine to a strategy was made simple by the PineCoders!).
Fast forward a couple years and PineScript evolved beyond these issues and alerts were introduced into strategies. The BTE was not quite as necessary anymore, but is still extremely useful as it contains extra features and data not found under the strategy() context. Below is an excerpt of features contained by the BTE:
"""
More than `40` built-in strategies,
Customizable components,
Coupling with your own external indicator,
Simple conversion from Study to Strategy modes,
Post-Exit analysis to search for alternate trade outcomes,
Use of the Data Window to show detailed bar by bar trade information and global statistics, including some not provided by TV backtesting,
Plotting of reminders and generation of alerts on in-trade events.
"""
Before I go any further, I want to be clear that the BTE is STILL a good tool and it is STILL very useful. The Portfolio Backtesting Engine I am introducing is only a tangental advancement and not to be confused as a replacement, this tool would not have been possible without the `BTE`.
█ THE PROBLEM
Most strategies built in Pine are limited by one thing. Data. Backtesting should be a rigorous process and researchers should examine the performance of their strategy across all market regimes; that includes, bullish and bearish markets, ranging markets, low volatility and high volatility. Depending on your TV subscription The Pine Engine is limited to 5k-20k historical bars available for backtesting, which can often leave the strategy results wanting. As a general rule of thumb, strategies should be tested across a quantity of historical bars which will allow for at least 100 trades. In many cases, the lack of historical bars available for backtesting and frequency of the strategy signals produces less than 100 trades, rendering your strategy results inconclusive.
█ THE SOLUTION
In order to be confident that we have a robust strategy we must test it across all market regimes and we must have over 100 trades. To do this effectively, researchers can use the Portfolio Backtesting Engine (PBTE).
By testing a strategy across a carefully selected portfolio of securities, researchers can now gather 5k-20k historical bars per security! Currently, the PTBE allows up to 5 securities, which amounts to 25k-100k historical bars.
█ HOW TO USE
1 — Add the indicator to your chart.
• Confirm inputs. These will be the most important initial values which you can change later by clicking the gear icon ⚙ and opening up the settings of the indicator.
2 — Select a portfolio.
• You will want to spend some time carefully selecting a portfolio of securities.
• Each security should be uncorrelated.
• The entire portfolio should contain a mix of different market regimes.
You should understand that strategies generally take advantage of one particular type of market regime. (trending, ranging, low/high volatility)
For example, the default RSI strategy is typically advantageous during ranging markets, whereas a typical moving average crossover strategy is advantageous in trending markets.
If you were to use the standard RSI strategy during a trending market, you might be selling when you should be buying.
Similarily, if you use an SMA crossover during a ranging market, you will find that the MA's may produce many false signals.
Even if you build a strategy that is designed to be used only in a trending market, it is still best to select a portfolio of all market regimes
as you will be able to test how your strategy will perform when the market does something unexpected.
3 — Test a built-in strategy or add your own.
• Navigate to gear icon ⚙ (settings) of strategy.
• Choose your options.
• Select a Main Entry Strat and Alternate Entry Strat .
• If you want to add your own strategy, you will need to modify the source code and follow the built-in example.
• You will only need to generate (buy 1 / sell -1/ neutral 0) signals.
• Select a Filter , by default these are all off.
• Select an Entry Stop - This will be your stop loss placed at the trade entry.
• Select Pyamiding - This will allow you to stack positions. By default this is off.
• Select Hard Exits - You can also think of these as Take Profits.
• Let the strategy run and take note of the display tables results.
• Portfolio - Shows each security.
• The strategy runs on each asset in your portfolio.
• The initial capital is equally distributed across each security.
So if you have 5 securities and a starting capital of 100,000$ then each security will run the strategy starting with 20,000$
The total row will aggregate the results on a bar by bar basis showing the total results of your initial capital.
• Net Profit (NP) - Shows profitability.
• Number of Trades (#T) - Shows # of trades taken during backtesting period.
• Typically will want to see this number greater than 100 on the "Total" row.
• Average Trade Length (ATL) - Shows average # of days in a trade.
• Maximum Drawdown (MD ) - Max peak-to-valley equity drawdown during backtesting period.
• This number defines the minimum amount of capital required to trade the system.
• Typically, this shouldn’t be lower than 34% and we will want to allow for at least 50% beyond this number.
• Maximum Loss (ML) - Shows largest loss experienced on a per-trade basis.
• Normally, don’t want to exceed more than 1-2 % of equity.
• Maximum Drawdown Duration (MDD) - The longest duration of a drawdown in equity prior to a new equity peak.
• This number is important to help us psychologically understand how long we can expect to wait for a new peak in account equity.
• Maximum Consecutive Losses (MCL) - The max consecutive losses endured throughout the backtesting period.
• Another important metric for trader psychology, this will help you understand how many losses you should be prepared to handle.
• Profit to Maximum Drawdown (P:MD) - A ratio for the average profit to the maximum drawdown.
• The higher the ratio is, the better. Large profits and small losses contribute to a good PMD.
• This metric allows us to examine the profit with respect to risk.
• Profit Loss Ratio (P:L) - Average profit over the average loss.
• Typically this number should be higher in trend following systems.
• Mean reversion systems show lower values, but compensate with a better win %.
• Percent Winners (% W) - The percentage of winning trades.
• Trend systems will usually have lower win percentages, since statistically the market is only trending roughly 30% of the time.
• Mean reversion systems typically should have a high % W.
• Time Percentage (Time %) - The amount of time that the system has an open position.
• The more time you are in the market, the more you are exposed to market risk, not to mention you could be using that money for something else right?
• Return on Investment (ROI) - Your Net Profit over your initial investment, represented as a percentage.
• You want this number to be positive and high.
• Open Profit (OP) - If the strategy has any open positions, the floating value will be represented here.
• Trading Days (TD) - An important metric showing how many days the strategy was active.
• This is good to know and will be valuable in understanding how long you will need to run this strategy in order to achieve results.
█ FEATURES
These are additional features that extend the original `BTE` features.
- Portfolio backtesting.
- Color coded performance results.
- Circuit Breakers that will stop trading.
- Position reversals on exit. (Simulating the function of always in the market. Similar to strategy.entry functionality)
- Whipsaw Filter
- Moving Average Filter
- Minimum Change Filter
- % Gain Equity Exit
- Popular strategies, (MACD, MA cross, supertrend)
Below are features that were excluded from the original `BTE`
- 2 stage in-trade stops with kick-in rules (This was a subjective decision to remove. I found it to be complex and thwarted my use of the `BTE` for some time.)
- Simple conversion from Study to Strategy modes. (Not possible with multiple securities)
- Coupling with your own external indicator (Not really practical to use with multiple securities, but could be used if signals were generated based on some indicator which was not based on the current chart)
- Use of the Data Window to show detailed bar by bar trade information and global statistics.
- Post Exit Analysis.
- Plotting of reminders and generation of alerts on in-trade events.
- Alerts (These may be added in the future by request when I find the time.)
█ THANKS
The whole PineCoders team for all their shared knowledge and original publication of the BTE and Richard Weismann for his ideas on building robust strategies.
═════════════════════════════════════════════════════════════════════════
Ichimoku Cloud LONG and SHORT indicatorsThis simple script uses 4 rules from Ichimoku Cloud indicator to marks position entry points.
The idea is that by entering a long position just when these 4 criteria are met, you can capture a 2-3% plus move within the next few days:
1. The conversion line is above the base line
2. The price is above the clouds
3. The lagging span is above the clouds
4. The rightmost cloud is green
The same 4 criteria but inverted will indicate a short entry.
In order to avoid 'stale' entries which can lead to chasing, we want the price and conversion line crossovers to be recent, within the past few days. Ideally we want to enter before close on the day the entry signal is given so that we can capture any potential gap up (or down if short). Often the price will make a nice move the next day or day after. If any of the criteria become invalidated, or if after 4-5 days there hasn't been significant movement, then it was a false alarm.
This script will show the basic Ichimoku Cloud indicators, plus labels for bearish and bullish price and conversion line crossovers as well as LONG and SHOT indicators to show when the entry criteria have been met.
Percent Calculator OverlayFirst and foremost: I'm inspired to publish my scripts by the other member's who publish quality, detailed scripts -a token of my appreciation and support, Thank You.
The percent calculator overlay is an extension of my Percent Calculator indicator that allows one to visualize the percent metrics they're interested in trading: it''s function is to simply output the target price from either the close or ones trade-entry based on a desired percent return on investment (R.O.I.) then plots it on top of the chart as an area plot and notes anytime in the past the desired conditions were met with a {flag "Success"}.
Say you want to profit 15% from your entry: open the settings and plug in your entry value and the number 15 into the appropriate settings and the indicator displays what the target price should be (rounded to two decimal places) right on the chart with the area as well as the horizontal line which is enabled by the "track price" setting.
The percent calculator overlay also goes one step further by finding the average percent return on investment over a desired interval of time (the default is 20 candles) as well as allows one to adjust the size of the price move the average percent return on investment is being calculated for which is displayed on the chart as circles and also displays a horizontal line for the most current value with the enabled "track price" setting.
NOTE: unlike the Percent Calculator the Percent Calculator Overlay creates a visual record of the number of success' the programmed parameters have achieved (based on the closing prices) which self adjusts when the "size of the move" is changed.
Say you want to find the average percent return on investment for a 3 candle swing over a 200 candle interval of time: open the settings and plug the number 200 into the interval setting and the number 3 into the price-move setting and the indicator displays what the average 3 candle swing returns on investment and plots what the target price would be to achieve the average return given the current close (or entry price) with the gray circles and the horizontal line enabled with the "track price" setting.
Practical Application: comparing ones desired return on investment to the average return on investment can help determine how realistic ones goals are... it's unlikely to achieve 100% return on investment if the average is only around 10% (given the parameters one is working within) but on the other hand achieving 5% return on investment is highly likely. By visualizing roughly how often the given parameters have achieved success on the chart one can become a lot more comfortable, confident, and accurate with their goals.
Forward Looking Statement: I believe in the not too distant future plug and play automated trading systems will be made available to the general public. Over the past 4 years we have seen brokers offer free charting software, commission free trading, and now fractional shares; I don't think it will be much longer before we can simply click a few buttons and tell the computer to enter when the stochastic is overbought/sold and exit with a predefined percent gain (and to repeat that process indefinitely). -Imagine the data moving 2-3-4 times a second, the liquidity flowing like Niagara falls, and 95% of the working population not only starting to invest but gains the extra cash flow they desperately need.
Beta testing: please comment or send me a message if you happen to stumble over any bugs or have any suggestions for improvement.
Percent Calculator (Return On Investment Target Price)First and foremost: I was inspired to publish my first script after reading some of the other member's scripts -a token of my appreciation and support, Thank You.
The percent calculator is a very simple and basic indicator to use, it''s function is to simply output the target price from either the close or ones trade-entry based on a desired percent return on investment (R.O.I.).
Say you want to profit 15% from your entry: simply plug in your entry value and the number 15 into the appropriate settings and the indicator displays what the target price should be (rounded to two decimal places).
The percent calculator also goes one step further by finding the average percent return on investment over a desired interval of time (the default is 20 candles) as well as allows one to adjust the size of the price move the average percent return on investment is being calculated for.
Say you want to find the average percent return on investment for a 3 candle swing over a 200 candle interval of time: simply plug the number 200 into the interval setting and the number 3 into the price-move setting and the indicator displays what the average 3 candle swing returns on investment.
Practical Application: comparing ones desired return on investment to the average return on investment can help determine how realistic ones goals are... it's unlikely to achieve 100% return on investment if the average is only around 10% (given the parameters one is working within) but on the other hand achieving 5% return on investment is highly likely.
Short in Bollinger Band Down trend (Weekly and Daily) // © PlanTradePlanMM
// 6/14/2020
// ---------------------------------------------------
// Name: Short in Bollinger Band Down trend (Weekly and Daily)
// ---------------------------------------------------
// Key Points in this study:
// 1. Short in BB Lower band, probability of price going down is more than 50%
// 2. Short at the top 1/4 of Lower band (EMA - Lower line), Stop is EMA, tartget is Lower line; it matches risk:/reward=1:3 naturally
//
// Draw Lines:
// BB Lower : is the Target (Black line)
// BB EMA : is the initial Stop (Black line)
// ShortLine : EMA - 1/4 of (Stop-target), which matches risk:/reward=1:3
// Prepare Zone : between EMA and ShortLine
// shortPrice : Blue dot line only showing when has Short position, Which shows entry price.
// StopPrice : Black dot line only showing when has Short position, Which shows updated stop price.
//
// Add SMA50 to filter the trend. Price <= SMA, allow to short
//
// What (Condition): in BB down trend band
// When (Price action): Price cross below ShortLine;
// How (Trading Plan): Short at ShortLine;
// Initial Stop is EMA;
// Initial Target is BB Lower Line;
// FollowUp: if price moves down first, and EMA is below Short Price. Move stop to EMA, At least "make even" in this trade;
// if Price touched Short Line again and goes down, new EMA will be the updated stop
//
// Exit: 1. Initial stop -- "Stop" when down first, Close above stop
// 2. Target reached -- "TR" when down quickly, Target reached
// 3. make even -- "ME" when small down and up, Exit at Entry Price
// 4. Small Winner -- "SM" when EMA below Entry price, Exit when Close above EMA
//
// --------------
// Because there are too many flags in up trend study already, I created this down trend script separately.
// Uptrend study is good for SPY, QQQ, and strong stocks.
// Downtrend Study is good for weak ETF, stock, and (-2x, -3x) ETFs, such as FAZ, UVXY, USO, XOP, AAL, CCL
// -----------------------------------------------------------------------------------------------------------------
// Back test Weekly and daily chart for SPY, QQQ, XOP, AAL, BA, MMM, FAZ, UVXY
// The best sample is FAZ Weekly chart.
// When SPY and QQQ are good in long term up trend, these (-2x, -3x) ETFs are always going down in long term.
// Some of them are not allowed to short. I used option Put/Put spread for the short entry.
//
SSL Crossover + MA choiceThis indicator builds on the SSL channel code by ErwinBeckers @
I have added options for diff MA's to be used in the SSL channel and crossover indicators for buy/sell signals
default MA is set to Arnaud Legaux, but you can set it to whatever you like - original was a Simple Moving Average by ErwinBeckers
The indicator will not repaint as the signals are drawn after close of crossover candles
Let me know if you have any suggestions - happy to add more functionality
Mirror MACD by Trader JayThis is my take on the metatrader indicator, the mirror macd. Works pretty good on Forex, haven't tested on anything else
Enter long after the Blue Line Cross Up the Red Line and EXIT after the Green line Cross Up the Red Line (above the Blue Line).
For the opposite position : ENTER SELL after the Red Line Cross Down.
Generalized SSL by Vts// Generalized SSL:
// This is the very first time the SSL indicator, whose acronym I ignore, is on Tradingview.
// It is based on moving averages of the highs and lows.
// Similar channel indicators can be found, whereas
// this one implements the persistency inside the channel, which is rather tricky.
// The green line is the base line which decides entries and exits, possibly with trailing stops.
// With respect to the original version, here one can play with different moving averages.
// The default settings are (10,SMA)
//
// Vitelot/Yanez/Vts March 2019
Trend is your friendThis indicator evaluates the trend based on crosses of two McGinley moving averages. It paints candles accordingly (it does not repaint), so you can see what the indicator is saying more clearly and stay in your trade until you see a period of consolidation or a reversal. You can control how far away those moving averages need to be for you to consider it a trend. If this distance is not met candles color is not changed and it shows you that the market is in a period of consolidation. I also added visualization of RSI, so you can have an easier time finding appropriate profit targets. For stop loss I would recommend placing it a couple points above or below the previous high / low that is located above / below you final target for entry. You can also use a certain percentage that works for you. I tried adding a stop loss based on ATR, but I did not like the results. Using market structure is a better choice in my opinion.
Here is a basic trading strategy for the default settings:
Wait for the indicator to start printing a series of green or red candles. After that you can enter a long or a short around moving averages. Another valid place to entry is the specific RSI zone. If we are in an uptrend buying when RSI is oversold can be beneficial as you expect market to recover. I do not recommend changing RSI from 14. Vice versa for the downtrend. It gives you an edge as you know at what price RSI will be oversold and allows you to place trades in advance. Pretty neat! You need to realize that no indicator or strategy can give you an exact entry. There will always be some margin of error. What I wanted to say is that if there is a strong trend up and you buy around your key moving averages and when RSI is oversold you entered in good places and there is a pretty good chance you will make money.
Time frame settings:
If you want to use tighter stop losses I would recommend sticking to 15m. Do not go lower. It is not worth the stress. 1h and 4h seems to be very good as well, but expect your stop losses to be wider. What I personally tend to do is display 15m, 30m and 1h and compare it. Think of it as a short, mid and long term. That way you can see things little bit better.
Examples:
1H chart BTC
4h chart EUR / USD
1D chart NASDAQ
15m chart BTC (Daytrading)
That last chart shows that even if you were longing while the trend was about to change you still had a good chance to close it with a little profit and switch to short easily. The default settings is what has worked the best for me. Feel free to change them as you see fit and do not forget to let me know if you find something that works better :)
Notes:
Either disable wick display or change it to a neutral color like gray for both green and red candles. Unfortunately pine script does not allow wick painting, so if you have red / green wicks it will look terrible. If RSI visualization makes your candles look too small you can go to settings and disable the display of individual RSI levels. You will still be able to see the zones, but the scale won't be affected.
Daily ATR%If You are using a percentage of the Daily Average True Range in determining your stop placement,
this quick indicator is for You.
excerpt from investopedia.com/articles/trading/06/stopplacement.asp
ATR % Stop Method
The ATR% stop method can be used by any type of trader because the width of the stop is determined by the percentage of average true range (ATR). ATR is a measure of volatility over a specified period of time. The most common length is 14, which is also a common length for oscillators such as the relative strength index (RSI) and stochastics. A higher ATR indicates a more volatile market, while a lower ATR indicates a less volatile market. By using a certain percentage of ATR, you ensure that your stop is dynamic and changes appropriately with market conditions.
For example, for the first four months of 2006, the GBP/USD average daily range was around 110 to 140 pips. A day trader may want to use a 10% ATR stop - meaning that the stop is placed 10% x ATR pips from the entry price.In this instance, the stop would be anywhere from 11 to 14 pips from your entry price. A swing trader might use 50% or 100% of ATR as a stop. In May and June of 2006, daily ATR was anywhere from 150 to 180 pips. As such, the day trader with the 10% stop would have stops from entry of 15 to 18 pips while the swing trader with 50% stops would have stops of 75 to 90 pips from entry.
UCS_Squeeze_Timing-V1There is an important information the Squeeze indicator is missing, which is the Pre Squeeze entry. While the Bollinger band begins to curves out of the KC, The breakout usually happens. There are many instances that the Squeeze indicator will fire, after the Major move, I cant blame the indicator, thats the nature (lagging) of all indicators, and we have to live with it.
Therefore pre-squeeze-fire Entry can be critical in timing your entry. Timing it too early could result in stoploss if it turns against you, ( or serious burn on options premium), because we never know when the squeeze will fire with the TTM squeeze, But now We know. Its a little timing tool. Managing position is critical when playing options.
I will code the timing signal when I get some time.
Updated Versions -
DECODE Moving Average ToolkitDECODE Moving Average Toolkit: Your All-in-One MA Analysis Powerhouse!
This versatile indicator is designed to be your go-to solution for analysing trends, identifying potential entry/exit points, and staying ahead of market movements using the power of Moving Averages (MAs).
Whether you're a seasoned trader or just starting out, the Decode MAT offers a comprehensive suite of features in a user-friendly package.
Key Features:
Multiple Moving Averages: Visualize up to 10 Moving Averages simultaneously on your chart.
Includes 5 Exponential Moving Averages (EMAs) and 5 Simple Moving Averages (SMAs).
Easily toggle the visibility of each MA and customize its length to suit your trading style and the asset you're analyzing.
Dynamic MA Ribbons: Gain a clearer perspective on trend direction and strength with 5 configurable MA Ribbons.
Each ribbon is formed between a corresponding EMA and SMA (e.g., EMA 20 / SMA 20).
The ribbon color changes to indicate bullish (e.g., green) or bearish (e.g., red) sentiment, providing an intuitive visual cue.
Toggle ribbon visibility with a single click.
Powerful Crossover Alerts: Never miss a potential trading opportunity with up to 5 customizable MA Crossover Alerts.
Define your own fast and slow MAs for each alert from any of the 10 available MAs.
Receive notifications directly through TradingView when your specified MAs cross over or cross under.
Optionally display visual symbols (e.g., triangles ▲▼) directly on your chart at the exact crossover points for quick identification.
Highly Customizable:
Adjust the source price (close, open, etc.) for all MA calculations.
Fine-tune the appearance (colors, line thickness) of every MA line, ribbon, and alert symbol to match your charting preferences.
User-Friendly Interface: All settings are neatly organized in the indicator's input menu, making configuration straightforward and intuitive.
How Can You Use the Decode MAT in Your Trading?
This toolkit is incredibly versatile and can be adapted to various trading strategies:
Trend Identification:
Use longer-term MAs (e.g., 50, 100, 200 period) to identify the prevailing market trend. When prices are consistently above these MAs, it suggests an uptrend, and vice-versa.
Observe the MA ribbons: A consistently green ribbon can indicate a strong uptrend, while a red ribbon can signal a downtrend. The widening or narrowing of the ribbon can also suggest changes in trend momentum.
Dynamic Support & Resistance:
Shorter-term MAs (e.g., 10, 20 period EMAs) can act as dynamic levels of support in an uptrend or resistance in a downtrend. Look for price pullbacks to these MAs as potential entry opportunities.
Crossover Signals (Entries & Exits):
Golden Cross / Death Cross: Configure alerts for classic crossover signals. For example, a 50-period MA crossing above a 200-period MA (Golden Cross) is often seen as a long-term bullish signal. Conversely, a 50-period MA crossing below a 200-period MA (Death Cross) can be a bearish signal.
Shorter-Term Signals: Use crossovers of shorter-term MAs (e.g., EMA 10 crossing EMA 20) for more frequent, shorter-term trading signals. A fast MA crossing above a slow MA can signal a buy, while a cross below can signal a sell.
Use the on-chart symbols for quick visual confirmation of these crossover events.
Confirmation Tool:
Combine the Decode MAT with other indicators (like RSI, MACD, or volume analysis) to confirm signals and increase the probability of successful trades. For instance, a bullish MA crossover combined with an oversold RSI reading could strengthen a buy signal.
Multi-Timeframe Analysis:
Apply the toolkit across different timeframes to get a broader market perspective. A long-term uptrend on the daily chart, confirmed by a short-term bullish crossover on the 1-hour chart, can provide a higher-confidence entry.
The DECODE Moving Average Toolkit empowers you to tailor your MA analysis precisely to your needs.
CYCLE BY RiotWolftradingDescription of the "CYCLE" Indicator
The "CYCLE" indicator is a custom Pine Script v5 script for TradingView that visualizes cyclic patterns in price action, dividing the trading day into specific sessions and 90-minute quarters (Q1-Q4). It is designed to identify and display market phases (Accumulation, Manipulation, Distribution, and Continuation/Reversal) along with key support and resistance levels within those sessions. Additionally, it allows customization of boxes, lines, labels, and colors to suit user preferences.
Main Features
Cycle Phases:
Accumulation (1900-0100): Represents the phase where large operators accumulate positions.
Manipulation (0100-0700): Identifies potential manipulative moves to mislead retail traders.
Distribution (0700-1300): The phase where large operators distribute their positions.
Continuation/Reversal (1300-1900): Indicates whether the price continues the trend or reverses.
90-Minute Quarters (Q1-Q4):
Divides each 6-hour cycle (360 minutes) into four 90-minute quarters (Q1: 00:00-01:30, Q2: 01:30-03:00, Q3: 03:00-04:30, Q4: 04:30-06:00 UTC).
Each quarter is displayed with a colored box (Q1: light purple, Q2: light blue, Q3: light gray, Q4: light pink) and labels (defaulted to black).
Support and Resistance Visualization:
Draws boxes or lines (based on settings) showing the high and low levels of each session.
Optionally displays accumulated volume at the highs and lows within the boxes.
Daily Lines and Last 3 Boxes:
How to Use the Indicator
Step 1: Add the Indicator to TradingView
Open TradingView and select the chart where you want to apply the indicator (e.g., UMG9OOR on a 5-minute timeframe, as shown in the screenshot).
Go to the Pine Editor (at the bottom of the TradingView interface).
Copy and paste the provided code.
Click Compile and then Add to Chart.
Step 2: Configure the Indicator
Click on the indicator name on the chart ("CYCLE") and select Settings (or double-click the name).
Adjust the options based on your needs:
Cycle Phases: Enable/disable phases (Accumulation, Manipulation, Distribution, Continuation/Reversal) and adjust their time slots if needed.
90-Minute Quarters: Enable/disable quarters (Q1-Q4).
Step 3: Interpret the Indicator
Identify Cycle Phases:
Observe the red boxes indicating the phases (Accumulation, Manipulation, etc.).
The high and low levels within each phase are potential support/resistance zones.
If volume is enabled, pay attention to the accumulated volume at highs and lows, as it may indicate the strength of those levels.
Use the 90-Minute Quarters (Q1-Q4):
The colored boxes (Q1-Q4) divide the day into 90-minute segments.
Each quarter shows the price range (high and low) during that period.
Use these boxes to identify price patterns within each quarter, such as breakouts or consolidations.
The labels (Q1, Q2, etc.) help you track time and anticipate potential moves in the next quarter.
Analyze Support and Resistance:
The high and low levels of each phase/quarter act as support and resistance.
Daily lines (if enabled) show key levels from the previous day, useful for planning entries/exits.
The "last 3 boxes below price" (if enabled) highlight potential support levels the price might target.
Avoid Manipulation:
During the Manipulation phase (0100-0700), be cautious of sharp moves or false breakouts.
Use the high/low levels of this phase to identify potential traps (as explained in your first question about manipulation candles).
Step 4: Trading Strategy
Entries and Exits:
Support/Resistance: Use the high/low levels of phases and quarters to set entry or exit points.
For example, if the price bounces off a Q1 support level, consider a buy.
Breakouts: If the price breaks a high/low of a quarter (e.g., Q2), wait for confirmation to enter in the direction of the breakout.
Volume: If accumulated volume is high near a key level, that level may be more significant.
Risk Management:
Place stop-loss orders below lows (for buys) or above highs (for sells) identified by the indicator.
Avoid trading during the Manipulation phase unless you have a specific strategy to handle false breakouts.
Time Context:
Use the quarters (Q1-Q4) to plan your trades based on time. For example, if Q3 is typically volatile in your market, prepare for larger moves between 03:00-04:30 UTC.
Step 5: Adjustments and Testing
Test on Different Timeframes: The indicator is set for a 5-minute timeframe (as in the screenshot), but you can test it on other timeframes (e.g., 1-minute, 15-minute) by adjusting the time slots if needed.
Adjust Colors and Styles: If the default colors are not visible on your chart, change them for better clarity.
---
📌 1. **Accumulation: Strong Institutional Activity**
- During the **accumulation phase, we see **high volume: 82.773K, which suggests strong buying interest**, likely from institutional players.
- This sets the base for the following upward move in price.
---
📌 2. **Manipulation: False Breakout with Lower Volume**
- Later, there's a manipulation phase where price breaks above previous highs, but the volume (71.814K) is **lower than during accumulation**.
- This implies that buyers are not as aggressive as before—no real demandbehind the breakout.
- It’s likely a bull trap, where smart money is selling into the breakout to exit their positions.
---
### 📌 3. Distribution: Weakness and Lack of Demand
- The market enters a distribution phase, and volume drops even further (only 7.914K).
- Price struggles to go higher, and you start seeing rejections at the top.
- This shows that demand is drying up, and smart money is offloading positions**—not accumulating anymore.
---
### 💡 Why Take the Short Here?
- Volume is not increasing with new highs—showing weak demand**.
- The manipulation volume is weaker than the accumulation volume, confirming the breakout was likely false.
- Structure starts to break down (Q levels falling), which confirms weakness.
- This creates a high-probability short setup:
- **Entry:** after confirmation of distribution and structural breakdown.
- **Stop loss:** above the manipulation high.
- **Target:** down toward previous lows or value zones.
---
### ✅ Conclusion
Since the manipulation volume failed to exceed the accumulation volume, the breakout lacked real strength. Combined with decreasing volume in the distribution phase, this indicates fading demand and supply taking control—which justifies entering a short position.
Trend Indicator with ArrowsTrend Indicator with arrows is a NoBrainer indicator to see the trend clearly.
UpTrend is defined as a candle closing above previous high. I
DownTrend is defined as a candle closing below previous low
A consolidation is defined as a candle closing inside previous candle high low.
UpTrend - Indicated with a green arrow below the candle with the current indicator.
DownTrend - ndicated with a red arrow above the candle with the current indicator.
So How to use this Indicator?
Identify zones of consolidation where the indicator doesn't show any arrows. Upon shift from consolidation to UpTrend or DownTrend take a entry. This is one way.
Second and most useful way is wait for Support or resistant hit.
If it's a support. Upon support hit wait for Consolidation, DownTrend and then UpTrend/(Consolidation again with uptrend) for long entry.
If its a resistance. Upon resistance hit wait for Consolidation, Uptrend and then DownTrend/(Consolidation again with DownTrend) for short Entry.
Fibonacci & Bollinger Bands StrategyTrading System: Fibonacci & Bollinger Bands Strategy
1. Session Timing
Trade only from 1 PM onwards.
Identify the first candle on the 1 PM vertical line to set the market direction.
If it's a bullish candle, look for buy opportunities.
If it's a bearish candle, look for sell opportunities.
2. Fibonacci Retracement as a Measuring Tool
Identify the recent swing high and swing low before the 1 PM session.
Draw Fibonacci retracement levels from low to high (for buys) or high to low (for sells).
Key retracement levels to watch: 0.0%, 50.0%, and 100.0%.
Entries can be placed at 0.0% or 50.0%, aiming for a move toward 100.0% retracement.
3. Bollinger Bands Confirmation
If the Bollinger Bands are above price, expect a downward move (sell).
If the Bollinger Bands are below price, expect an upward move (buy).
Use this as additional confirmation for your Fibonacci-based trade.
4. Entry & Exit Rules
Entry:
If the 1 PM candle confirms a bullish bias, enter long near Fibonacci 0.0% or 50.0%.
If the 1 PM candle confirms a bearish bias, enter short near Fibonacci 0.0% or 50.0%.
Stop Loss: Below (for buys) or above (for sells) the swing low/high used for Fibonacci.
Take Profit: Target 100.0% retracement level or next key resistance/support.
5. Risk Management
Risk 1-2% per trade.
Avoid trading if price is too far from Fibonacci levels.
Confirm setup with Bollinger Bands alignment.
Consecutive Close Tracker (CCT)Consecutive Close Tracker (CCT) Indicator
The Consecutive Close Tracker (CCT) is a powerful momentum and breakout detection tool designed to identify consecutive bullish and bearish closes, potential reversals, and breakout points. By tracking consecutive candle closes and plotting key levels, this indicator provides traders with visual cues to recognize trend continuations, reversals, and breakout opportunities effectively.
🔹 Key Features of CCT
1️⃣ Consecutive Move Lines (Green/Red/Yellow Lines)
Tracks three consecutive bullish or bearish closes.
If the fourth candle confirms the trend, a green line (bullish) or red line (bearish) is drawn.
If the fourth candle fails to confirm, a yellow line is drawn, signaling potential indecision.
Helps traders spot trend continuations and exhaustion points.
2️⃣ Reversal Detection Lines (Cyan & Light Red)
Identifies bullish and bearish reversals based on three higher/lower closes followed by a reversal.
A cyan line indicates a bullish reversal, while a light red line signals a bearish reversal.
Useful for traders looking for trend reversals and key turning points.
3️⃣ Breakout Line (Dynamic Resistance/Support Level)
Automatically calculates a breakout level based on the previous timeframe’s open and close.
Can be customized to use different timeframes (e.g., hourly, daily, weekly).
Acts as a dynamic resistance or support level, helping traders determine breakout opportunities.
🔍 How to Use the Indicator?
✅ 1. Spotting Trend Continuations with Consecutive Move Lines
Green Line: Three consecutive bullish closes followed by a fourth higher close.
🚀 Indicates strong buying pressure & potential uptrend continuation.
Red Line: Three consecutive bearish closes followed by a fourth lower close.
📉 Indicates strong selling pressure & potential downtrend continuation.
Yellow Line: Three consecutive closes, but the fourth candle fails to confirm.
⚠️ Signals possible indecision or trend exhaustion.
🔥 Best Strategy:
If a green line appears near support, consider long entries.
If a red line appears near resistance, consider short entries.
If a yellow line appears, wait for further confirmation before entering a trade.
✅ 2. Identifying Trend Reversals with Reversal Lines
Cyan Line: A bearish trend with three consecutive lower closes, followed by a bullish candle → Possible uptrend reversal.
Light Red Line: A bullish trend with three consecutive higher closes, followed by a bearish candle → Possible downtrend reversal.
🔥 Best Strategy:
If a cyan line appears near a major support level, look for long entry opportunities.
If a light red line appears near resistance, prepare for a potential short entry.
Use these lines in combination with candlestick patterns (e.g., bullish engulfing, pin bars) for confirmation.
✅ 3. Using the Breakout Line for Key Entry & Exit Points
The breakout line represents a key dynamic level (midpoint of the previous timeframe’s open & close).
If price breaks above the breakout line, it suggests bullish momentum → Consider long trades.
If price breaks below the breakout line, it suggests bearish momentum → Consider short trades.
🔥 Best Strategy:
Use the breakout line in combination with support & resistance levels.
When price approaches the breakout line, watch for confirmation candles before entering a trade.
The breakout line can also act as a stop-loss or take-profit level.
🎯 How to Utilize CCT Effectively?
✅ For Intraday Traders
Use the consecutive close tracker on a 5M or 15M chart to catch short-term trends.
Watch for reversal lines near major intraday support/resistance for quick scalping opportunities.
Use the breakout line from the hourly chart to identify potential trend shifts.
✅ For Swing Traders
Apply the indicator on 1H, 4H, or daily charts to track medium-term trends.
Look for green/red lines near key Fibonacci retracement or pivot levels.
Use reversal lines to detect early trend reversals before bigger moves occur.
✅ For Breakout Traders
Focus on the breakout line on higher timeframes (e.g., 1H, 4H, Daily) to identify strong momentum shifts.
If price crosses the breakout line with strong volume, enter trades with trend confirmation.
Place stop-loss just below the breakout level for controlled risk management.
🏆 Final Thoughts
The Consecutive Close Tracker (CCT) is a powerful momentum and reversal indicator that helps traders:
✅ Identify strong trend continuations (green/red lines).
✅ Detect early reversal points (cyan/light red lines).
✅ Use a dynamic breakout line for better trade entries & exits.
Whether you’re an intraday trader, swing trader, or breakout trader, this tool can enhance your market insights and improve your trading decisions. 📈🔥
🚀 Try it out, and integrate it with your strategy to maximize its potential! 🚀
Impulse MACD enhancedThis indicator is designed to provide robust trade entry signals by combining multiple technical filters. Here’s a summary of its key components:
Impulse MACD Calculation:
Uses a Zero-Lag EMA (ZLEMA) based approach to generate a momentum indicator (with a signal line and histogram) that identifies shifts in market momentum.
Simulated Higher Timeframe (HTF) Trend Filter:
Computes an SMA over a multiplied period to simulate a higher timeframe trend. It requires the price to be in line with this broader trend before signaling an entry.
RSI Filter:
Ensures that for bullish entries the RSI is above a set threshold (indicating momentum) and for bearish entries it’s below a threshold.
ADX Filter:
Uses a manually calculated ADX to confirm that the market is in a strong trend (ADX > 30) to reduce false signals in weakly trending or sideways markets.
Volume Filter:
Compares the current volume to a 20‑bar SMA of volume, requiring volume to be significantly higher (by a user-defined percentage) to confirm the strength of the move.
VWAP Confirmation:
Uses the Volume-Weighted Average Price as an extra layer of confirmation: bullish signals require the price to be above VWAP, bearish signals below.
Optional Long-Term & Short-Term MA Filters:
These filters can be enabled to ensure the price is trading above (or below) longer-term and shorter-term moving averages, further aligning the trade with the prevailing trend.
ATR Volatility Filter:
Checks that volatility (as measured by the ATR relative to price) is below a maximum threshold, which helps avoid taking trades in overly volatile conditions.
Price Action Filter:
Ensures that for a bullish signal the current close is above the highest high over a specified lookback period (and vice versa for bearish), indicating a clear breakout.
Signal Throttling:
Signals are limited to one every 10 bars to prevent excessive trading.
When all these conditions are met, the indicator outputs an entry signal for either a bullish or bearish trade.
This multi-filter approach aims to increase win rate by reducing false signals and aligning trades with strong, confirmed trends while filtering out noise.
