ORB Algo | Flux Charts💎 GENERAL OVERVIEW
Introducing our new ORB Algo indicator! ORB stands for "Opening Range Breakout" which is a common trading strategy. The indicator can analyze the market trend in the current session and give "Buy / Sell", "Take Profit" and "Stop Loss" signals. For more information about the analyzing process of the indicator, you can read "How Does It Work ?" section of the description.
Features of the new ORB Algo indicator :
Buy & Sell Signals
Up To 3 Take Profit Signals
Stop-Loss Signals
Alerts for Buy / Sell, Take-Profit and Stop-Loss
Customizable Algoritm
Session Dashboard
Backtesting Dashboard
📌 HOW DOES IT WORK ?
This indicator works best in 1-minute timeframe. The idea is that the trend of the current session can be forecasted by analyzing the market for a while after the session starts. However, each market has it's own dynamics and the algorithm will need fine-tuning to get the best performance possible. So, we've implemented a "Backtesting Dashboard" that shows the past performance of the algorithm in the current ticker with your current settings. Always keep in mind that past performance does not guarantee future results.
Here are the steps of the algorithm explained briefly :
1. The algorithm follows and analyzes the first 30 minutes (can be adjusted) of the session.
2. Then, algorithm checks for breakouts of the opening range's high or low.
3. If a breakout happens in a bullish or a bearish direction, the algorithm will now check for retests of the breakout. Depending on the sensitivity setting, there must be 0 / 1 / 2 / 3 failed retests for the breakout to be considered as reliable.
4. If the breakout is reliable, the algorithm will give an entry signal.
5. After the position entry, algorithm will now wait for Take-Profit or Stop-Loss zones and signal if any of them occur.
If you wonder how does the indicator find Take-Profit & Stop-Loss zones, you can check the "Settings" section of the description.
🚩UNIQUENESS
While there are indicators that show the opening range of the session, they come short with features like indicating breakouts, entries, and Take-Profit & Stop-Loss zones. We are also aware of that different stock markets have different dynamics, and tuning the algorithm for different markets is really important for better results, so we decided to make the algorithm fully customizable. Besides all that, our indicator contains a detailed backtesting dashboard, so you can see past performance of the algorithm in the current ticker. While past performance does not yield any guarantee for future results, we believe that a backtesting dashboard is necessary for tuning the algorithm. Another strength of this indicator is that there are multiple options for detection of Take-Profit and Stop-Loss zones, which the trader can select one of their liking.
⚙️SETTINGS
Keep in mind that best chart timeframe for this indicator to work is the 1-minute timeframe.
TP = Take-Profit
SL = Stop-Loss
EMA = Exponential Moving Average
OR = Opening Range
ATR = Average True Range
1. Algorithm
ORB Timeframe -> This setting determines the timeframe that the algorithm will analyze the market after a new session begins before giving any signals. It's important to experiment with this setting and find the best option that suits the current ticker for the best performance. More volatile stocks will often require this setting to be larger, while more stabilized stocks may have this setting shorter.
Sensitivity -> This setting determines how much failed retests are needed to take a position entry. Higher senstivity means that less retests are needed to consider the breakout as reliable. If you think that the current ticker makes strong movements in a bullish & bearish direction after a breakout, you should set this setting higher. If you think the opposite, meaning that the ticker does not decide the trend right after a breakout, this setting show be lower.
(High = 0 Retests, Medium = 1 Retest, Low = 2 Retests, Lowest = 3 Retests)
Breakout Condition -> The condition for the algorithm to detect breakouts.
Close = Bar needs to close higher than the OR High Line in a bullish breakout, or lower than the OR Low Line in a bearish breakout. EMA = The EMA of the bar must be higher / lower than OR Lines instead of the close price.
TP Method -> The method for the algorithm to use when determining TP zones.
Dynamic = This TP method essentially tries to find the bar that price starts declining the current trend and going to the other direction, and puts a TP zone there. To achieve this, it uses an EMA line, and when the close price of a bar crosses the EMA line, It's a TP spot.
ATR = In this TP method, instead of a dynamic approach the TP zones are pre-determined using the ATR of the entry bar. This option is generally for traders who just want to know their TP spots beforehand while trading. Selecting this option will also show TP zones at the ORB Dashboard.
"Dynamic" option generally performs better, while the "ATR" method is safer to use.
EMA Length -> This setting determines the length of the EMA line used in "Dynamic TP method" and "EMA Breakout Condition". This is completely up to the trader's choice, though the default option should generally perform well. You might want to experiment with this setting and find the optimal length for the current ticker.
Stop-Loss -> Algorithm will place the Stop-Loss zone using setting.
Safer = The SL zone will be placed closer to the OR High for a bullish entry, and closer to the OR Low for a bearish entry.
Balanced = The SL zone will be placed in the center of OR High & OR Low
Risky = The SL zone will be placed closer to the OR Low for a bullish entry, and closer to the OR High for a bearish entry.
Adaptive SL -> This option only takes effect if the first TP zone is hit.
Enabled = After the 1st TP zone is hit, the SL zone will be moved to the entry price, essentially making the position risk-free.
Disabled = The SL zone will never change.
2. ORB Dashboard
ORB Dashboard shows the information about the current session.
3. ORB Backtesting
ORB Backtesting Dashboard allows you to see past performance of the algorithm in the current ticker with current settings.
Total amount of days that can be backtested depends on your TV subscription.
Backtesting Exit Ratios -> You can select how much of percent your entry will be closed at any TP zone while backtesting. For example, %90, %5, %5 means that %90 of the position will be closed at the first TP zone, %5 of it will be closed at the 2nd TP zone, and %5 of it will be closed at the last TP zone.
Cari dalam skrip untuk "entry"
Model Indicator |ASE|The purpose of this indicator is to allow the user to build their own model. Each feature works cohesively together and depending on the filters you enable, the model gives less and more specific entries. This benefits the trader because they have complete control over the kinds of trades they want to take, while maintaining its automatic form.
We want to be as customizable as possible while still meeting our users’ needs. We started this indicator to propel us into our ultimate project, the ASE Algo.
Features:
SMC Display
Current Structure:
Liquidity Levels:
Daily Premium Discount Array
SMT Divergence
Displacement Candles:
Entry Factors
FVG
Continuation FVGs
MTF FVGs
Order Blocks
MTF Order Blocks
Confluence Filters
MS Reversal
Liquidity Level Raid
Inducement
Daily Prem/Disc Array
Target Factors
Liquidity Level Targets
Current Structure Targets
Trade Management
Trade Overlay
Risk:Reward Target
Benefits & Examples:
In the image below the indicator signaled multiple entries based on two simple confluence filters, a MS reversal (CHoCH/MSS) and a Liquidity Raid. Going from left to right we can see a short entry at the highs with a supporting Order Block. Liquidity levels are taken before we see a double IDM right below the respected OB that leads to the next signaled entry. In the middle of the chart we see a long entry that leads right into a short entry showing the effectiveness of such a simple model.
In this supporting image we are showcasing the first implementation of the Trade Overlay feature. This feature displays the Entry and Stop Loss to make it more visible and adds a risk to reward target. Additionally displayed is the SMC Toolkit indicator showing us additional confirmation with our signaled entries playing right out of a higher timeframe FVG.
An additional entry feature is the MTF zone. Setups can form on all timeframes and subjecting yourself to only one may lead you to miss out on some perfect setups or a larger move. In the image below we are on the 1 minute timeframe. We can see the Initial Reversal Entry which played out beautifully and filled a higher timeframe SFVG. With the MTF zone we can see a 3 minute and 5 minute Zone which produces the rest of the trend reaching another higher timeframe SFVG after filling the previous one. Once again showing the benefit of the Toolkit indicator but the plotted entries from such a simple model.
In addition to the model indicators filtered out entry zone, we can use additional confluences to confirm these entries. In the image below we can see a short entry printed after a move out of the Std. Dev. vwap wave which shows over extension. Taking the entry we can have a tight stop loss at the vwap wave or the recent high where we have a liquidity level, targeting a lower liquidity level or higher timeframe FVG.
For this example we are only filtering based on MS Reversals (CHoCH/MSS) to get our entries. Because of this we need additional confirmation to be confident in taking the plotted entry. In the image below you can see a long signal printed, confirmation being the previous Failed Reversal.
Original Strategy - Backtest & Alerts [AlgoRider]█ OVERVIEW
This indicator simulates an efficient trading strategy developed by our team in a simple and effective way, the primary objective when designing it was to make its reading and use as simple as possible for TradingView users. The Backtesting feature has been designed to keep only the most essential information to obtain clear and precise results directly on the graph. The settings interface has also been designed for ergonomic and simplified use. The user is free to customize the parameters as he wishes and according to his trading profile by having the choice, for example, of using options to reduce the risk of loss, to increase the win rate, to optimize profits. Automation is made possible and facilitated thanks to preconfigured alert conditions.
█ CONCEPTS
How the strategy works :
When the price is close to its equilibrium (represented by an exponential moving average - EMA) and it starts to take an upward or downward direction the script will issue Long or Short entry orders. If the price turns and goes to the opposite direction, the script quickly cuts the position by issuing a Stop Loss order. When the price takes a real clear direction, this is where the script will be able to accumulate profits.
What makes this script unique is :
• That it is entirely developed by us, inspired by a strategy that is little known and little used in the trading world, in particular because it often involves a greater number of losing trades than winning trades.
• Its ease of reading and use. The backtesting feature was designed to clearly display the most important information in a data table directly on the chart. The user is not lost with dozens of superfluous data and can directly access the most essential information to see how the strategy has performed in the past.
• Its ease of configuration and customization. Once in the configuration window, again the user is not lost, because there is only one main parameter to modify, it is the length of the EMA, which will influence the timing of entries and exits trades. Then there are a few other non-mandatory parameters to fine-tune risk management and maximize profits. (Detailed description of the settings further down the page)
• Strategy automation made easy and fast thanks to several types of alerts which are differentiated for entries, for auto-exits and for Custom TP and SL. These alerts can be configured to send the messages by email or via Webhooks.
• The indicator has several custom options allowing its user to go further than the basic strategy. Several confirmations for entries are available as well as the possibility of adding or not a personalized TP and/or SL.
• There is no repaint, once an entry/exit symbol or drawing is displayed it doesn't change anymore. The Short, Long and auto-Exit signals appear only at the open of the candles, just after the signal was confirmed at the close of the previous candle. The custom TP and custom SL signals can appear when a candle is not yet finished, but once displayed they don't change.
█ HOW TO PROCEED
1 — Once the script is applied to your chart, it already works with its default settings. You can already see the performance of the strategy in the data table directly on the chart (in the top right corner by default).
2 — You can customize the strategy and influence the results/performance by modifying its parameters. 3 types of parameters are present and can be modified.
3 — This strategy is designed for the cryptocurrency market in priority, but you can also try it on other types of assets. It works on Futures but you can also try it on Spot market mainly for LONG trades.
4 — You can apply the script in every timeframe. We do not recommend using it below m30 because in most cases the statistics are unfavorable largely because of the fees. (This is not a financial advice but only for the use of the indicator)
█ FEATURES
Screenshot on BYBIT:EGLDUSDT Bybit Futures, H1, with default parameters, from 2022-01-01 to 2022-09-27, to show the settings window
• Settings For Backtesting
- Strategy : Choose from a drop-down list if the strategy should execute only Long trades or only Short trades or both. Default Both.
- Invest. : Choose the amount you want to invest in the simulation. Default 10000.
- Position : Choose the amount of the position (Size order) that will be used during the simulation. This will be the $ amount staked/involved for each trade entry.
Ex: If you put 20000 in position and 10000 in Invest. We consider that you use at least a leverage x2. Default 10000.
- Slipp. TP : Choose the amount in percentage of average slippage for Take Profits. This parameter makes it possible to predict a potential gap between the theoretical exit price for each TP (On the graph) and the real exit price on an exchange when implementing the strategy for real (slippage may be due to a time lag of a few seconds from execution time of the order on the exchange and/or due to the execution of a market order).
Ex: If a TP exit order of a Long trade, with entry $19000 (on BTCUSDT), is carried out in theory on the chart at $20000, in practice on the exchange the script have indeed sent an exit order at 20000 , but if the true exit price is 20050, the TP slippage is then +0.25%. Default 0.
- Slipp. SL : Choose the amount in percentage of average slippage for Stop Losses. This parameter makes it possible to predict a potential gap between the theoretical exit price for each SL (On the graph) and the real exit price on an exchange when implementing the strategy for real.
Ex: If an SL exit order of a Long trade, entry $19000 (on BTCUSDT), is carried out in theory on the chart at $18000, in practice on the exchange the script have indeed sent an exit order at 18000 $, but if the true exit price is 17950, the slippage SL is then +0.278% . Default 0.
- Fees % : Choose the percentage amount of fees applied to each trade to simulate the application of the strategy on the exchange of your choice. Applies to the entry and exit of each trade. Ex: For Binance Futures: 0.04; For Bybit futures: 0.06; For Ftx Futures: 0.075. Default 0.
- Cumulate Trades : If you check this, the Backtest will use 100% of the balance as Order Size (Position) for All or in the next X consecutive trades. Default not checked.
⚠️ Be Careful please, this option is available to show the full extent and possibilities of the algorithm when pushed to its limits thanks to the accumulation of profits (cumulative earnings), but it is a strategy that involves great risk. If a bad trade suffers a -50% loss, 50% of the account balance is lost, if the position is liquidated, the entire account balance is lost.
- All : If you check this All trades will be accumulated. Default not checked.
- Consecutive Trades : Choose the number of trades to accumulate. After X consecutive trades, the algorithm reassigns the initial order size to the current one and starts again for X consecutive trades. Minimum Value 2, Default 2.
• Settings To Optimize Performances and Risk Management
- (Main Parameter) EMA Length : Choose the length of the EMA. This value will determine the exponential moving average plot (blue line) that represents the equilibrium in this strategy. Depending on the positioning of the price around this equilibrium, the algorithm will decide to trigger Long or Short entry alerts, and exit alerts. Default 200.
- 1 - Confirm (After X Bar(s)) : If you check this, when the algorithm will detect an entry, it will wait for the number of bars you have entered to actually trigger the entry alert. Default not checked.
- Nb Bar : Enter here the number of bar you want, will be taken into account only if you check (1) Confirm (After X Bar(s)). Default 2.
- 2 - Confirm (Trend) : If you check this, when the algorithm will detect an entry, it will check that the trend is similar to the direction of the trade, if not, it will wait that the trade goes in the same direction as the trend to actually trigger the entry alert. Default not checked.
- OR/AND : This choice is taken into account only if you tick both confirmations. If you choose OR: The first of the 2 confirmations to be validated will trigger the entry alert. If you choose AND : once confirmation (1) is validated, the algorithm waits for confirmation (2) to be validated to actually trigger the entry alert. Default OR.
- Use TP / Use SL : If you check these, the algorithm will trigger personalized trade exit alerts when the price evolution has reached the amounts indicated since the trade entry. Default not Checked.
- % TP - SL : Indicate here the personalized amount in percentage that you want for your Take Profit and Stop Loss of each trade. Default 15-5.
• Settings For Appearances
- Small-size Data Table : If you check this, the data table will become smaller to free up more space on the chart to make it visually more pleasing. Default not checked.
Hide Table /
- Hide Labels / : You can check these to get a cleaner chart and focus only on what interests you in the indicator. Default not checked.
Hide Risk-Reward Areas
█ MAIN PARAMETERS TO USE
• In the default settings none of the box settings are checked. Basic strategy is made to be applied this way.
• The main parameter (the length of the EMA) is by default 200 because it is a known value that many traders rely on in many trading strategies. Moreover in this strategy it works in many cases and on different timeframes.
• To go further the user of the indicator is free to modify the parameters of the category "Leading Parameters - Risk Management" to reduce risks and to optimize profits.
• You can find below our recommendations for the EMA length value corresponding to the main timeframes.
m30 — EMA Length = 400 | 800
H1 — EMA Length = 200 | 400
H2 — EMA Length = 200 | 250
H4 — EMA Length = 100 | 200
D — EMA Length = 20 | 40
⚠️ We have chosen to recommend these settings because they will work in most cases, on most cryptoassets, but of course they will not work 100% of the time on all assets and will not always give positive results in the backtest, and they are not the most optimized parameters either. The user of the indicator is free to optimize the asset on which he wants to trade in his own way. Just as we do not give financial advice, we do not encourage to trade any asset in particular.
█ STATISTICS
The statistics presented below are an example of the results that the strategy can provide. (Reminder: These statistics are made over a past period and there is no guarantee that the same performance will reproduce in the future) .
For the demonstration we chose to apply the strategy on the Top 5 marketcap cryptos in September 2022. They are not the most favorable coins for this strategy but at least this way we don't take the most suitable assets to show wonderful and biased results. Likewise for the parameters used which are the default ones and which are not the most optimized parameters, much better results are possible. We chose Binance because it has the highest volumes and liquidity and the most historical data. We chose H1 because it is one of the most used timeframes.
BTC
Screenshot on BINANCE:BTCUSDTPERP Binance Futures, H1, with default parameters (EMA : 400), from 2022-01-01 to 2022-09-27
ETH
Screenshot on BINANCE:ETHUSDTPERP Binance Futures, H1, with default parameters (EMA : 400), from 2022-01-01 to 2022-09-27
BNB
Screenshot on BINANCE:BNBUSDTPERP Binance Futures, H1, with default parameters (EMA : 400), from 2022-01-01 to 2022-09-27
XRP
Screenshot on BINANCE:XRPUSDTPERP Binance Futures, H1, with default parameters (EMA : 200), from 2022-01-01 to 2022-09-27
ADA
Screenshot on BINANCE:ADAUSDTPERP Binance Futures, H1, with default parameters (EMA : 400), from 2022-01-01 to 2022-09-27
To show the potential of the indicator and push it to its limits, here is an example of the strategy applied for about 2 years (Up to the maximum of historical data available).
⚠️ It must be taken into account that during the period of this backtest the last Bullrun took place and it was a very favorable period for the strategy and for this altcoin (FTM), nothing ensures that it will happen again. ⚠️
FTM
Screenshot on BINANCE:FTMUSDTPERP Binance Futures, H4, with default parameters ( without cumulative earnings) and EMA : 400, start on 2020/12/03 to 2022/09/27
✅ All of the above statistics are verifiable by anyone using the indicator's backtesting system.
█ LIMITATIONS
• Despite the fact that we can see good performances when we backtest the strategy, we must take into account the fact that these are results performed in the past and that in no case does this guarantee that these same performances will be repeated again in the future.
• The automation of this strategy is made possible and is facilitated by alerts, but you must be aware of the fact that if you decide to put this strategy into practice in real life, you are solely responsible for the results that you will be able to obtain and you must be aware of the possibility at all times of partial or even total losses of your invested capital.
• Keep in mind that generating profits in trading is difficult. A strategy can perform very well at one time in the past during a period that is favorable to it, then from one day to the next it can give really bad results for several months or years.
• When backtesting a strategy, there are many factors to consider, not just trade entries to which you add a Take Profit and sometimes a Stop Loss. You must at least take into account the size of the position in relation to the capital you want to invest, the trading fees, the slippages (which can be really important depending on the exchange on which you are trading and depending on the asset you are trading), trading frequency, risk management, momentum, volumes and even more.
• This indicator has been optimized for crypto, you can try to use it on other type of assets but again, at your own risk.
The information published here on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
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Important to note : our indicators with the same backtesting system are published in separate publications, because putting them together in a single script would considerably slow down the execution of the script. In addition each indicator, even when it is based on a simple technical indicator, has several options, parameters and entry/exit conditions specific to the underlying technical indicator. Finally, we want to keep the simplicity of use, configuration and understanding of our indicator by not mixing strategies that have nothing to do with each other.
RSI Strategy - Backtest [AlgoRider]█ OVERVIEW
Hello dear Tradingviewers !
We share with you this new indicator which simulates a trading strategy based solely on the well-known technical indicator RSI . We designed it for the sole educational and analytical purposes of showing novice traders and new investors that basing a trading strategy only on one such technical indicator is not necessarily a good thing to do. We do not recommend to apply this strategy for real.
Thanks to this indicator redesigned in our own way by incorporating our simple and easy-to-use Backtest functionality, you will be able to see and report on the performance and results that such a strategy has produced in the past.
The configuration window has also been designed to be easily readable and simple to use. Our goal is to make parameter customization as easy as possible.
█ HOW THE STRATEGY WORKS
• The script will trigger Long entries when the price crosses upwards the Oversold zone (Default 38.2) and Short entries when the price crosses downward the Overbought zone (Default 61.8).
• A Short signal ends a Long trade, a Long signal ends a Short trade.
• The script also allows setting up custom TP and SL.
• Several options allow you to reverse entry and exit conditions of trades. You can choose to reverse entries or/and exits (Ex: when the script detects a Long Entry, it will actually trigger a Short trade).
• You can also change the entry conditions of the strategy. Instead of entering oversold/overbought zone conditions, it will trigger entries when the Rsi changes direction and reverses (Ex: when the rsi has been going down for 5 candles, and the rsi starts going up) , regardless of the area in which the RSI is located.
• There is no repaint, once an entry/exit symbol or drawing is displayed it doesn't change anymore. The Short and Long signals appear at the open of the candles, just after the signal was confirmed at the close of the previous candle. The custom TP and custom SL signals can appear when a candle is not yet finished, but once displayed they don't change.
█ HOW TO PROCEED
1 — Once the script is applied to your chart, it already works with its default settings. You can already see the performance of the strategy in the data table directly on the chart (in the top right corner by default).
2 — You can customize the strategy and influence the results/performance by modifying its parameters. 4 types of parameters are present and can be modified.
3 — You can use this indicator in all types of markets.
4 — You can apply the script in every timeframe.
█ PARAMETERS
• Settings For Backtesting
- Strategy : Choose from a drop-down list if the strategy should execute only Long trades or only Short trades or both. Default Both.
- Invest. : Choose the amount you want to invest in the simulation. Default 10000.
- Position : Choose the amount of the position (Size order) that will be used during the simulation. This will be the $ amount staked/involved for each trade entry.
Ex: If you put 20000 in position and 10000 in Invest. We consider that you use at least a leverage x2. Default 10000.
- Slipp. TP : Choose the amount in percentage of average slippage for Take Profits. This parameter makes it possible to predict a potential gap between the theoretical exit price for each TP (On the graph) and the real exit price on an exchange when implementing the strategy for real (slippage may be due to a time lag of a few seconds from execution time of the order on the exchange and/or due to the execution of a market order).
Ex: If a TP exit order of a Long trade, with entry $19000 (on BTCUSDT ), is carried out in theory on the chart at $20000, in practice on the exchange the script have indeed sent an exit order at 20000 , but if the true exit price is 20050, the TP slippage is then +0.25%. Default 0.
- Slipp. SL : Choose the amount in percentage of average slippage for Stop Losses. This parameter makes it possible to predict a potential gap between the theoretical exit price for each SL (On the graph) and the real exit price on an exchange when implementing the strategy for real.
Ex: If an SL exit order of a Long trade, entry $19000 (on BTCUSDT ), is carried out in theory on the chart at $18000, in practice on the exchange the script have indeed sent an exit order at 18000 $, but if the true exit price is 17950, the slippage SL is then +0.278%. Default 0.
- Fees % : Choose the percentage amount of fees applied to each trade to simulate the application of the strategy on the exchange of your choice. Applies to the entry and exit of each trade. Ex: For Binance Futures: 0.04; For Bybit futures: 0.06; For Ftx Futures: 0.075. Default 0.
- Cumulate Trades : If you check this, the Backtest will use 100% of the balance as Order Size (Position) for All or in the next X consecutive trades. Default not checked.
⚠️ Be Careful please, this option is available to show the full extent and possibilities of the algorithm when pushed to its limits thanks to the accumulation of profits (cumulative earnings ), but it is a strategy that involves great risk. If a bad trade suffers a -50% loss, 50% of the account balance is lost, if the position is liquidated, the entire account balance is lost.
- All : If you check this All trades will be accumulated. Default not checked.
- Consecutive Trades : Choose the number of trades to accumulate. After X consecutive trades, the algorithm reassigns the initial order size to the current one and starts again for X consecutive trades. Minimum Value 2, Default 2.
• Change Entry & Exit conditions
- Rsi Turns Up/Down : Enable this option to change conditions for trade entries. For Long entries : It will start a Long trade when RSI turns up and the RSI was falling on the last X bar(s). For Short entries : It will start a Short trade when RSI turns down and the RSI was rising on the last X bar(s). Default not checked.
- After Falling/Rising Bars(s) : Choose the number of bars/candles since which the price was falling/rising. Default 5.
- Reverse Entries : Enable this option to reverse conditions for trade entries. When a Short signal appears, it will actually start a Long trade. When a Long signal appears, it will actually start a Short trade. Default not checked.
- Reverse Exits : Enable this option to reverse conditions for trade exits. Default not checked.
- Safety Stop Loss : Enable this option to quickly cut the trade when the price turns quickly. For a Long trade : if the price returns to the oversold zone, it ends the trade. For a Short trade : if the price returns to the overbought zone, it ends the trade. Mainly useful for basic strategy (overbought/oversold conditions). Default not checked.
• Settings To Optimize Performances and Risk Management
- Len RSI : The length of RSI . Default 14.
- Overbuy : You can change the limit value of the overbought zone of the RSI . Default 61.8.
- Oversell : You can change the limit value of the oversell zone of the RSI . Default 38.2.
- Use TP / Use SL : If you check these, the algorithm will trigger personalized trade exit signals when the price evolution has reached the amounts indicated since the trade entry. Default not Checked.
- % TP - SL : Indicate here the personalized amount in percentage that you want for your Take Profit and Stop Loss of each trade. Default 15-5.
• Settings For Appearances
- Small-size Data Table : If you check this, the data table will become smaller to free up more space on the chart to make it visually more pleasing. Default not checked.
Hide Table /
- Hide Labels / : You can check these to get a cleaner chart and focus only on what interests you in the indicator. Default not checked.
Hide Risk-Reward Areas
█ LIMITATIONS
• ⚠️ We repeat it once again, this strategy is not intended to be reproduced in real conditions, we have designed it for educational and analytical purposes only.
• Even if you see good performances when you backtest the strategy, you must take into account that these results are performed in the past and that in no case does this guarantee that these same performances will be repeated again in the future.
• When you run for real a trading strategy you must be aware of the fact that you are solely responsible for the results that you will be able to obtain and you must be aware of the possibility at all times of partial or even total losses of your invested capital.
• Keep in mind that generating profits in trading is difficult. A strategy can perform very well at one time in the past during a period that is favorable to it, then from one day to the next it can give really bad results for several months or years.
• When backtesting a trading strategy, there are many factors to consider, not just trade entries to which you add a Take Profit and sometimes a Stop Loss. You must at least take into account the size of the position in relation to the capital you want to invest, the trading fees, the slippages (which can be really important depending on the exchange on which you are trading and depending on the asset you are trading), trading frequency, risk management, momentum, volumes and even more.
The information published here on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
═════════════════════════════════════════════════════════════════════════
Important to note : our indicators with the same backtesting system are published in separate publications, because putting them together in a single script would considerably slow down the execution of the script. In addition each indicator, even when it is based on a simple technical indicator, has several options, parameters and entry/exit conditions specific to the underlying technical indicator. Finally, we want to keep the simplicity of use, configuration and understanding of our indicator by not mixing strategies that have nothing to do with each other.
TRENDsignalsindicator_MTF► DESCRIPTION
This indicator calculate works in 2 directions:
1) Calculate SMA & VWAP trends at a fixed value: so it values the price actions according the VWAP level to reach the perfect entrypoint
2) Set the value found at a different timeframe(4Hs if u use tradingview TF of 15 mins)
This combination is useful to identify the trend
To help the trader, I placed BUY/SELL signals on the second candle of the same color changed.
Furthermore, I placed:
- HH and LL of the day(green and red lines) and of the current Week(white lines): these lines help the traders to identify the relative supports and resistances
- line red and gray(with big arrows at the start of them): to identify others supports and resistance
► HOW TO USE IT:
1) Entry when a signal(buy/sell) appears or when candles change color: yellow is long, red is short
2) Evaluate where the candle is: for example, if you get a signal "buy", near the Weekly line LL, it's the perfect entry point. The same is if u get a "SELL" signal near the upper white line, it's the perfect moment to enter short.
3) Take profit: we suggest to take profit when RSI is overbought or oversold, that we've pointed thanks the following signals:
- colored circles
- small diamonds
- white circles
- Big white diamonds
► Legend:
BARCOLORS: Yellow is long and red is short moment
MINIARROW buy/sell alert u when the color of candls change
COLORED CIRCLES: indicates when Rsi is oversold or overbought. We identify them like good moment to take profit
BIG ARROW: Identify support and resistance level
SMALL DIAMOND: Use it Like TP. Possible small swing of price can happen
WHITE CIRCLE: Use it Like TP. Possible small swing of price can happen
BIG WHITE DIAMOND: Use it Like TP. Possible big swing of price can happen
So it's suggested to trade just near this supports and resistence using the right direction: when you have a reversal signal near one of the daily or weekly line, it's a good moment to entry
PLEASE COMMENT HERE BELOW ANY QUESTION ABOUT THIS STUDY
Rainbow Oscillator The Rainbow Oscillator is a technical indicator that shows prices in overbought or oversold areas. That allows you to catch the price reversal point.
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FEATURES
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.:: Dynamic levels ::.
The indicator levels are divided into several zones, which have a fibonacci ratio. Zones determine the overbought/oversold level. Blue and green level zones are better for buying, red and orange for selling. Dynamic levels are used as replacements for classic levels such as -100 and 100 for the CCI indicator or 30 and 70 for the RSI indicator. Dynamic levels work much better than static levels, as they are more adaptive to the current market situation.
.:: Composite oscillator (3 in 1) ::.
The main signal line of the indicator includes all three oscillators RSI, CCI, Stoch in different ratios. In the settings, you can change the proportions or completely remove one of the oscillators by setting its weight to 0
.:: CCI + RSI + Stoch ratio setting ::.
Each of the oscillators has its own weight in the calculation formula: w2 * cci ( + w1 * ( rsi - 50) + (1 - w2 - w1) * ( stoch - 50), this allows you to create the resulting oscillator from all indicators, depending on the weight of each of them. Each weight value must be between 0 and 1 so that the sum of all weights does not exceed 1.
.:: Smoothing levels and lines of the oscillator ::.
Smoothing the oscillator readings allows you to filter out the noise and get more accurate data. Level offset allows you to customize the support for inputs.
.:: Market Flat ::.
Dynamic creation of levels allows you to find in the price reversal zone, even when the price is in a flat
.:: Sources ::.
You can change the data source for the indicator to the number of longs and shorts for the selected asset. For example, BTCUSDLONGS / BTCUSDSHORTS is perfect for Bitcoin, then the oscillator will work on this data and will not use the quote price.
.:: Trend Detection ::.
The main line of the oscillator has 2 colors - green and red. Red means downtrend, green means uptrend. Trend reversal points are most often found in overbought and oversold zones.
.:: Alerts ::.
Alerts inside for next events: Buy (blue point) Sell (red point) and TrendReversal (change line color)
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TRADING
—-------------
There are several possible entry points for the indicator, let's consider them all.
1) Trend reversal.
Long entry: The indicator line is in the green zone below 0 (oversold), while the line changes color from red (downward) to green (upward)
Short entry: The indicator line is in the red zone above the 0 (overbought) mark, while the line changes color from green to red.
2) Red and blue dots.
Long entry: Blue dot
Short Entry: Red Dot
I prefer to use the first trading method.
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SETTINGS
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.:: Trend Filter (checkbox) ::.
Use trend confirmation for red/blue dots. When enabled, the blue dot requires an uptrend, red dot requires downtrend confirmation before appearing.
.:: Use long/shorts (checkbox) ::.
Change formula to use longs and shorts positions as data source (instead of quote price)
.:: RSI weight / CCI weight / Stoch weight ::.
Weight control coefficients for RSI and CCI indicators, respectively. When you set RSI Weight = 0, equalize the combo of CCI and Stoch , when RSI Weight is zero and CCI Weight is equal to the oscillator value will be plotted
only from Stoch . Intermediate values have a high degree of measurement of each of the three oscillators in percentage terms from 0 to 100. The calculation uses the formula: w2 * cci ( + w1 * ( rsi - 50) + (1 - w2 - w1) * ( stoch - 50),
where w1 is RSI Weight and w2 is CCI Weight, Stoch weight is calculated on the fly as (1 - w2 - w1), so the sum of w1 + w2 should not exceed 1, in this case Stoch will work as opposed to CCI and RSI .
.:: Oscillograph fast and slow periods ::.
The fast period is the period for the moving average used to smooth CCI, RSI and Stoch. The slow period is the same. The fast period must always be less than the slow period.
.:: Oscillograph samples period::.
The period of smoothing the total values of indicators - creates a fast and slow main lines of the oscillator.
.:: Oscillograph samples count::.
How many times smoothing applied to source data.
.:: Oscillator samples type ::.
Smoothing line type e.g. EMA, SMA, RMA …
.:: Level period ::.
Periodically moving averages used to form the levels (zone) of the Rainbow Oscillator indicator
.:: Level offset ::.
Additional setting for shifting levels from zero points. Can be useful for absorbing levels and filtering input signals. The default is 0.
.:: Level redundant ::.
It characterizes the severity of the state at each iteration of the level of the disease. If set to 1 - the levels will not decrease when the oscillator values fall. If it has a value of 0.99 - the levels are reduced by 0.01
each has an oscillator in 1% of cases and is pressed to 0 by more aggressive ones.
.:: Level smooth samples ::.
setting allows you to set the number of strokes per level. Measuring the number of averages with the definition of the type of moving averages
.:: Level MA Type ::.
Type of moving average, average for the formation of a smoothing overbought and oversold zone
Trending Bar SRTrending Bar SR is a simple script define a Bar called "Trending Bar".
Depend on direction of Trending Bar, if Trending Bar is UpTrend then this indicator plot Bar's Low Price as Support and if Trending Bar is DownTrend then it plot Bar's High Price as Resistance.
Beside, this indicaor also plot 4 levels retracement of Trending Bar for trading.
1. Define Trending Bar
1.1 Uptrend Bar
+ Close Price higher than previous High Price
+ Body greater than sum of shadows (up and down)
+ Color: A green dot is plotted at bottom chart.
1.2 Downtrend Bar
+ Close Price lower than previous Low Price
+ Body greater than sum of shadows (up and down)
+ Color: A red dot is plotted at bottom chart.
2. Retracement Level
+ Trending Bar Retracement 0.5 is called Equerium.
+ Trending Bar Retracement 0.618 is called Perfect Entry.
+ Trending Bar Retracement 0.705 is called Optimal Entry.
+ Trending Bar Retracement 0.79 is called Max Entry.
3. Trading
+ When Price crossed Equerium, consider open position at Perfect Entry, Optimal Entry with stoploss place at Max Entry.
+ If place order at Max Entry, stoploss can place at Support or Resistance.
BloodSwing Indicator-SWING TRADING STRATEGY FOR PASSIVE TRADERS-
A Multi-timeframe Strategy
This swing trading strategy uses three moving averages pegged to the 4H timeframe, to enter and exit the market on the 1H timeframe.
The 200 EMA (4H timeframe) is used to identify areas of support. If this moving average shows signs of support (shown as green circles under candles), the 18 and 22 moving average (4hour timeframe) crossover is used to enter the market, but on the 1 hour chart (for more accuracy) and only after an increase in volume on the 1 hour timeframe has been detected.
Manually this strategy is explained as follows:
1. Look for candle support on 200 MA (4H Timeframe)
2. On the 1H chart, look for the crossover of 18 and 22 ma (4H Timeframe)
3. As soon as you see volume increase on 1H, enter.
4. Exit on cross under of 18 and 22 ma (4H Timeframe)
5. Stop Loss below 200EMA support candle low.
Signals:
- Support signals are shown as green circles under the candles
- Long, Close, Stop signals are shown as labels and can be toggled on and off.
Extras (In option menu):
MA Deviation:
A standard deviation measure used on the 200 EMA in order to provide some range for support signals to be considered valid.
Use volume expansion for entry:
As an option (on by default), you can disable volume increase as a condition for entry.
KV Box v1.0 - Buy / Sell signalKV BOX is a trading indicator. It combines Darvas box theory (developed by Nicolas Darvas), breakout strategy, multi-timeframe trading and ALMA (Arnaud Legoux Moving Averages). This indicator helps identify BUY signals when the price is in the entry zone and SELL when the price breaks out of the uptrend.
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How to use?
KV BOX can be used in both SPOT and FUTURE (Long/Short) trading
BUY (LONG):
• Entry: When the BUY signal appears.
• Stop loss: LOWER than LOW of first and second candlestick IN THE BOX WHERE BUY SIGNAL APPEARS of 1H, 4H, 1D timeframe.
• Take profit: When the SELL signal appears.
SELL (SHORT):
• Entry: When the SELL signal appears.
• Stop loss: HIGHER than the HIGH of first and second candlestick IN THE BOX WHERE SELL SIGNAL APPEARS of 1H, 4H, 1D timeframe.
• Take profit: When a BUY signal appears.
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Attention:
KV BOX is only displayed on 1H, 4H and 1D timeframe. 1H for short-term trades (a few days), 4H for mid-term trades (a few weeks), 1D for long-term trades (weeks to months).
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Options setting:
- Kelvin box on: KV BOX activates
- ALMA mode on: KV BOX activation according to Arnaud Legoux Moving Average (ALMA) method
- Pinbar indicator: activate the indicator when the pinbar candlestick appears
- Supertrend: trend continuation or reversal indicator
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KV BOX là 1 chỉ báo mua / bán kết hợp giữa nguyên lý hộp Darvas, phương pháp phá vỡ (break out), giao dịch đa khung thời gian và đường trung bình ALMA (Arnaud Legoux Moving Averages). Chỉ báo này giúp xác định tín hiệu mua khi giá ở vùng entry và bán khi giá phá vỡ khỏi trend tăng (up trend).
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Cách sử dụng:
KV box có thể dùng trong giao dịch SPOT và FUTURE (Long/Short).
Mua khi có tín hiệu BUY, bán khi có tín hiệu SELL.
MUA:
• Entry: Khi có tín hiệu BUY.
• Cắt lỗ: thấp hơn giá thấp nhất cùa 2 nến đầu tiên trong hộp xuất hiện tín hiệu BUY của khung 1H, 4H, 1D.
• Chốt lời: Khi có tín hiệu SELL xuất hiện.
BÁN:
• Entry: Khi có tín hiệu SELL.
• Cắt lỗ: cao hơn giá cao nhất của 2 nến đầu tiên trong hộp xuất hiện tín hiệu SELL cùa khung 1H, 4H, 1D.
• Chốt lời: Khi có tín hiệu BUY xuất hiện.
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Chú ý:
KV BOX chỉ hiển thị trên khung 1H, 4H và 1D. 1H cho giao dịch ngắn hạn (vài ngày), 4H cho giao dịch trung hạn (vài tuần), 1D cho giao dịch dài hạn (vài tuần đến vài tháng).
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Tùy chọn setting:
- Kelvin box on: kích hoạt KV BOX
- ALMA method on: kích hoạt KV box theo phương pháp Arnaud Legoux Moving Averages (ALMA)
- Pinbar indicator: kích hoạt chỉ báo khi xuất hiện nến pinbar đảo chiều
- Supertrend: chỉ báo xu hướng tiếp diễn hoặc đảo chiều
Trend Trigger 15 SecThe following are printed:
The FAST ma is a HULL smoothed transparent line that closely hugs the price bars. This is the trigger line. (default 9/3 length)
The MIDLINE ma is a HULL smoothed solid thick line that tries to show the short term trend and is used to confirm bias. (default 100 length)
The SLOWEST ma is a HULL smoothed transparent thicker line that tries to show the long term trend. It is not used in any calculation and only for visual aide. (default 200 length)
Every GREEN or RED tag that prints, will display the percentage change over the last 12 bars.
Every tag is the trigger that confirms:
1)The CLOSE is above the MIDLINE ma
2)The FAST ma is climbing (GREEN) or falling (RED)
3)RSI is climbing/falling and confirms direction with the FAST ma. The RSI has a length of 5 that is smoothed with a 7 period HULL.
4)The tag text will change from white to purple if the (very fast) RSI is above/equal to 85 or below/equal to 15.
5)The close is above either the last or second to last bar's close.
6)The percentage of change (of close) over the last 12 bars is more than 0.25% or less than -0.25%
Each trigger will print a stop line and targets at = 0.5x stop value, 1x stop value, 1.5x stop value, 2x stop value. These lines continue to print until the FAST ma changes direction. I use a formatted gamma box to easily overlay and extend those lines when needed.
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Here is an example of the use of a gamma box to draw an actual entry. I draw set it up so that, while holding control; click on the 1st target line, then move far right and click in space so the 2nd target line ALIGNS with the pointer.
EXAMPLE:
imgur.com
GAMA BOX SETTINGS:
imgur.com
__________________________________________________________________________________________________________________________________________________________________________________________________________________
The LONG position stop value is calculated by determining the lowest low of the last 12 bars - 0.1*wma(atr(20),20).
The SHORT position stop value is calculated by determining the highest high of the last 12 bars + 0.1*wma(atr(20),20).
These calculations find the low of the last 3 minutes, extend it by a small amount, and then draws the stops and targets.
There is always a running tag that prints ahead of the current bar. It displays the percentage change in the current direction of the FAST ma. It also shows the RSI value which will turn purple if RSI is >=85 or <=15.
The circle and flag below the tag helps visually confirm the trend direction of the FAST and MIDLINE mas.
The circle colors in diction of the MIDLINE ma
The flag colors in the direction of the FAST ma.
When they are both RED, both lines confirm a SHORT entry.
When they are both GREEN, both lines confirm a LONG entry.
If you enable the PM signal, position entries will fire before 09h30m30s (coded begin time).
If you enable "backtest", prior days will show tags/targets/stops including PM times.
There is a single alarm option. It will fire for either a LONG or SHORT entry.
The alarm is listed as "SIGNAL".
Once it is armed, the alarm will show as active in the "Alerts" column, which will read: {{ticker}} {{plot_3}}% @ {{close}}
This will print (when fired):
The ticker,
The percentage of change over the last 12 bars. If the value is negative than the entry is trending DOWN, if this value is positive; than the entry is trending UP)
The price at which the alarm fired.
Altered True Strength Indicator (TSI) Reupload-
Altered TSI provides a slightly more volatile signal that demonstrates extremities in price action with greater success than standard TSI. In addition, I added bull/bear cross indicators (green/red) to make it easier to notice the crosses to save time when the market is moving fast (I couldn't find a regular TSI script with this addition). Finally, the signal also has overextension parameters (red and green lines)
I think this is best used on Intraday time frames as the signals respond to volatility very well and using Heikin Ashi candles, trend is more visual. In this particular example, I am showing SPY on the 3m time chart (my favorite short time frame) and the signal alone provided many opportunities for trades when using simple divergences and countering overextension direction when short term (blue) signal crosses either
In the first example (purple lines), SPY ramps but it was a dull signal given the signal strength flatlining- we would be looking for a short entry. When the signal fires, it provides a clean $1.50 move down in spy.
In the second example (orange), the blue signal provides a nice V shape (rebound signal) in which we are looking for a long entry. 390.50 is a strong SPY support in confluence with 2nd std dev VWAP extension, but disregarding that bull signal fires resulting in a 2 dollar move upwards. Exit is provided when blue line crosses green overextension.
In the third example (white), we are searching for a short entry at 392.5 resistance in confluence with divergently higher highs. Bear cross signal when fired and a significant cross is visible provides a $2.50 move to the downside with a potential exit provided when blue line crosses red overextension line in confluence with previous LOD area.
In the fourth example (green), we watch as the blue line provides a V pattern, we are searching for a long entry. If you didn't take a riskier long at 2nd std dev VWAP overextension with V recovery on blue line at red overextension for a ride to vwap, then you are looking for a secondary entry long as you wouldn't take the trade at resistance (vwap). Bullishly divergent lows provide this entry and the signal does not bear cross at all (but looking for significant crosses is more important even if the signal were to make a minor bear cross). Bullishly divergent double bottom provides a long entry to end of day with a nice clean signal for a $5.00 move until eod or when signal crosses overextension range.
Ideally, close to the money options or SPY/SPXS/SPXL are best used in the intraday time frame.
Again, this is not a standalone indicator but it's best used in conjunction with other indicators/trading strategies
Any questions feel free to comment
Binary Option Turbo M1 by MercalonaAuto risk
You are diving into a high-risk investment. We are not responsible for losses, the only certainty is that they will come, the most important thing is to manage them. Test this script on a demo account, and use the backtest. Make sure you are familiar with it before using real money. Use all your experience and other assistance for better accuracy. Do not risk more than 5% per day. Try to use a maximum of 1-2%.
Recommendations
It is highly recommended whenever trying to make entries in stronger areas
Try to make entries when the graph is in trend and with good movements. It is better to lose an entry than to lose money.
Check if the chart is already with good accuracy before making your entry. At least 65%.
Try to make entries when the payout is above 75%. This will help you with risk / return.
About the Script
This script was developed to identify good entry areas quickly and safely. We recommend using in binary option, where the next candle is successful. Although it can also be used in other markets, using a larger timeframe, such as 1h or 4h.
How it works?
This script is based on trends, up and down, where up trend, we look for "CAL" entries in retractions, and down trends, the entries will be "PUT". Always operate in favor of the trend for better accuracy. A session filter is also displayed. The Filter is based on the New York and London session. In these periods there is a greater market volatility, where it is recommended to operate and avoid losses. In addition, there is also a (no trend) filter. Where it shows whether the chart is volatile or not, even during open market sessions.
What is the final result?
This script will show good entries areas. These areas are represented with lines. The lines closest to the current price are thinner lines. And the lines far from price are thicker. The thick lines represent stronger areas and are resistant to price. This means that there is a greater possibility of reversal when prices touch these lines.
Settings (mode)
There are 2 configuration modes:
1. MODERATELY
2. AGGRESSIVE
Using the "MODERATELY" mode, the signals are rarer, here we expect the price to hit the best areas indicated. To place the entry. Here we expect greater accuracy.
In "AGGRESSIVE" mode, we don't expect good entries. Whenever the price hits entry areas it will be considered an entry. In this case, the accuracy is less, since the areas do not have a great potential for reversion.
Settings (Length)
Here the number of bars can be configured for the calculation of support and resistance areas. A low amount may not be enough to check for good areas. And a very large area can be confused with areas that really matter. Try to check the best quantity for the chart you want to trade.
Settings (Win Rate Limit)
Place the limit of analyzed signals in this field. It is restricted to the “Win Rate Max Bars” field, which will be explained below. If the configured limit is not reached, the cause is that there were not enough signals within the configured bar limit. ATTENTION: Understand that a high value will cause a slow calculation of the script.
Settings (Win Rate Max Bars)
This is information is used to limit the number of bars in the “Win Rate” calculation. ATTENTION: Understand that a high value will cause a slow calculation of the script.
Settings (Sessions)
There are 2 other configurations. New York session and London session. You can see how it works reading below.
Indicator “Stars of Recommendation”
The indicator has 3 stars of recommendation.
NO TRADE (There is no positive point to take chances)
In Session (At least 1 open market, this is a positive point to take chances)
In Trend (There is a good probability of assertiveness when it is on trend)
More than one identified area. (Generally, when there is more than one area, the more distant areas become stronger and stronger. This is a positive point when the price reaches them.)
Good luck ❤️
Please feedback us.
We hope this helps you!
autoTrend V4AutoTrend v4
Made for private access only.
One of the hardest things to do as a new trader is reading charts/ identifying trends. With AutoTrend, we make it easy to do just that & so much more!
The main features of AutoTrend are built-in clean buy/sell signals, trend identifier, volume spike detector & S/R lines. All of these features combined to give out clean entry/ exit points that you can be confident with taking.
AutoTrend offers extensive trend identifiers with adaptive volatility lines changing with the direction of the market enabling users to cherrypick entry points in any market condition.
How AutoTrend gives out signals is by detecting volume spikes and using our volatility cloud to give out signals. If the alert is in the green cloud, then the alert is a good entry; if it's in the red cloud, then it is not suggested that you take the signal.
We also developed a MA line to determine whether an entry is a solid entry. If the line is showing green, it means that the ticker is bullish thus making confirming the entry is a good entry. AutoTrend will only alert when these conditions are met, in which that a ticker is moving above a MA and is in the green cloud. The MA will change color accoridngly.
AutoTrend works best in time frames starting at 15min and above; anything below should be taken with caution.
Users can utilize TradingView built-in Heikin Ashi for better and easier identification of trends for any entry.
Disclaimer: AutoTrend is not a professional trading service. Anything that is stated above in or on any of our sites is to be taken for educational purposes only. AutoTrend team & staff are not liable for any losses or losses in any form. Any content that we provide on any of our sites should not be taken as financial advice. Past results are not indicative of future performances.
You can access AutoTrend on our Discord link below or DM me. :)
Alpha Trader v3.0Alpha Trader is a trend following strategy which identifies good time to take profit and allow trader to ride the trend with multiple re-entry points.
Features
Entry and Exit signals
Multiple Re-Entry points
Built in Risk Management
Position sizing for every entry
Alerts with Stop Loss and Position size
Strategy has built-in risk management with dynamic trailing Stop Loss and Position sizing. You just need to specify what percentage of your capital you are willing to risk on new position and re-entries.
Strategy will evaluate the maximum position you should take for specific signal.
Position and stop Loss levels are visible on alerts and when you hover over the markers on your chart.
You can set alerts for below scenarios. Alerts contain stop loss and Max position advised on a specific trade entry.
1.New Long Entry
2.New Short Entry
3.Long Re-Entry
4.Short Re-Entry
5.Long Take Profit
6.Short Take Profit
Usage
You can enter into a new position with New Long Entry/New Short Entry. Position size and Stop loss are visible on alert and signal marker on the chart. Please set your alerts on bar close.
You can take profit on Long take profit/ Short take profit signal.You can chose to close any % of your position.
You can re-enter into a position and increase your existing position on Long Re-Entry/Short Re-Entry signal. Position size and New stop loss levels are indicated on alerts or when you hover over the signal marker.
Position size can be greater than 100% with leverage. For e.g. if strategy suggest 200% as position size, you can take this position with 5x leverage and 40% of your capital. But, downside risk for every entry would be limited to your preferences.
This strategy works best on 4 hour and Daily time frames.
For Access : Contact me on TradingView.
Cyatophilum Levels [ALERTSETUP]Cyatophilum Levels - Version 1.0 - Alert setup
This indicator allows you to build your own strategy based on Fibonacci levels, and create automated alerts for long & short entries and exits.
This study also has a backtest version. See my previous script.
The Fibonacci levels are printed automatically in real time and without repainting on the chart.
You configure your own strategy in the indicator parameters. You can choose to go long or to go short, or both, on which Fib levels to enter Long/Short, and on which Fib levels to exit (up to 2 entry levels and exit levels).
Detailed Guide:
This is a guide that can be useful if you do not understand the strategy or an indicator parameter. Instructions on how to get access are at the bottom.
To configure your strategy, you need to open the indicator settings. You can either right-click on the indicator and click "settings", or click the settings button near the indicator's name.
You should know that the Fibonnaci levels are calculated from the support and resistance levels, which are calculated using the last swing high and swing low. This behavior can be tweaked in the settings with the first 2 parameters:
· Noise reduction
Dropdown menu. Options are "NONE", "SMALL", "MEDIUM", "HUGE". Used to get a smoother level behavior. The higher it is, the less often the support and resistance levels will move. Can be useful to cut off fakeouts.
· Swings lookback
This is the number of historical bars used to calculate the last swing high and swing low.
In TradingView, we usually wait bar close to validate a signal (trade entry or exit), in order to avoid repainting. But since this indicator is purely based on price action, there is an option called Alert Type if you want to receive intra-bar alerts or not.
· Entry Alert Type
2 options : "Once Per Bar Close", "Once Per Bar". These correspond to the alerts options. You must use the same alert type in the indicator settings and in the alert options. When using "Once Per Bar", the candle high and low are used for the cross conditions, otherwise, candle close is used.
· Exit Alert Type
Same but for exit alerts.
The long trades setup can be configured independantly from the short trade setup, but the parameters are the same.
■ Go Long/Short
Check this box to enable/disable long/short trades.
· Long/Short Entry Condition
Dropdown menu from which you can pick the condition for your entry. Options available are "Cross Over","Cross Under" and "Just Cross".
· Long/Short Entry 1
Dropdown menu from which you can pick the level for your entry n°1. Options available are "Support","FIB 23", "FIB 38", "FIB 50","FIB 61","FIB 78" and "Resistance".
· Long/Short Entry 2
Additional FIB level entry.
· Long/Short Exit 1
Dropdown menu from which you can pick the level for your exit. Options available are "Support","FIB 23", "FIB 38", "FIB 50","FIB 61","FIB 78" and "Resistance".
· Long/Short Exit 2
Additional FIB level exit.
■ Trend Filter
Optionnal Tilson T3 TrendLine to make the strategy go long only when price is above T3 (green) and short only when price is below (red). The length in bars is configurable.
· Configuration Panel
It should appear on the left of the chart. This panel displays the whole indicator settings in a compact and easy-to-read way. You can replicate a strategy from just this info panel. Can be turned off if needed.
· Graphic options
A red/green background corresponding to the strategy position (short/long) can be turned off.
The Fib levels labels can be turned off all at once.
Risk management:
Place your secondary exit one or two levels above/below your entry to act as a stop loss.
Availabe alerts:
To create an alert, right-click on the indicator and click "Add alert".
The LONG alerts corresponds to the green labels on chart, while the SHORT are in red.
Select one of the following signals in order to create your strategy:
· LONG/SHORT ENTRY : Alert to enter a long/short. Make sure to select "Once Per Bar" or "Once Per Bar Close" according to the "Entry Alert Type" parameter.
· LONG/SHORT EXIT : Alert to exit a long/short. Make sure to select "Once Per Bar" or "Once Per Bar Close" according to the "Exit Alert Type" parameter.
Default settings are set for 15m.
Use the link below to obtain access to this indicator
HFT Fibonacci Bands Indicator
Default Settings are meant to be used in XBT/USD chart on 15 min time frame. If you want to use for another asset on another time frame YOU MUST CHANGE THE SETTINGS
This is a Fibonacci bands based trading indicator developed by HFT Research. It is a highly customizable indicator and provided endless opportunities to find profitable trades in the market.
Use Fib BB
This is the main decision maker of the strategy. Tuning the settings of this portion of the strategy will change the outcome the most. We have provided default settings. However, they are only good for 15min chart on Bitcoin. Please adjust accordingly.
Fib BB Length: This setting adjusts the middle line of your Fibonacci Bands. It is the moving average that you take it as base for your Fibonacci bands. Default value is currently 20.
Fib Level to Use for Entry: Here, you adjust which one of the Fibonacci Ratio levels you would like to use for your entry. You can only choose one of the following options.
Fibonacci Ratio 1
This is your Fib ratio level 1 and you can put any number here you would like
Fibonacci Ratio 2
This is your Fib ratio level 2 and you can put any number here you would like
Fibonacci Ratio 3
This is your Fib ratio level 3 and you can put any number here you would like
Please keep in mind that Ratio 1 should be higher than Ratio 2 and Ratio 2 should be higher than Ratio 3.
Use RSI
You can also turn on and off the RSI as well. Alternatively, there is an option to use RSI on a different time frame than you are currently on. For example, if you are looking at the 5min chart to use Bollinger bands but you would like to look at the RSI value on the 15min chart. You can do so by selecting the custom RSI timeframe as well as adjusting the Oversold and Overbought value.
Use CCI
Commodity Channel Index is an indicator developed by Donald Lambert. It is a momentum-based oscillator used to help determine when an investment vehicle is reaching conditions of being overbought or oversold. It also used to asses price trend direction and strength. Default settings are usually the safest and the best fit.
Use VWAP
VWAP stands for volume weighted average price. It is an extremely useful indicator when trading intra-day. It does reset every trading session which is at 00:00 UTC. Instead of looking at x number of candles and providing an average price, it will take into consideration volume that’s traded at a certain price and weigh it accordingly.
Use ADX
ADX stands for average directional index. It is an indicator that measures volatility in the market. Unfortunately, the worst market condition for this strategy is sideways market. ADX becomes a useful tool since it can detect trend. If the volatility is low and there is no real price movement, ADX will pick that up and will not let you get in trades during a sideways market. It will allow you to enter trades only when the market is trending.
Use MA Filters
Lookback: It is an option to look back x number of candles to validate the price crossing. If the market is choppy and the price keeps crossing up and down the moving average you have chosen, it will generate a lot of “noisy” signals. This option allows you to confirm the cross by selecting how many candles the price needs to stay above or below the moving average. Setting it 0 will turn it off.
MA Filter Type: There is a selection of moving averages that is available on TradingView currently. You can choose from 14 different moving average types to detect the trend as accurate as possible.
Filter Length: You can select the length of your moving average. Most commonly used length being 50,100 and 200.
Filter Type: This is our propriety smoothing method in order to make the moving averages lag less and influence the way they are calculated slightly. Type 1 being the normal calculation and type 2 being the secret sauce.
Reverse MA Filter: This option allows you to use the moving average in reverse. For example, the strategy will go long when the price is above the moving average. However, if you use the reserve MA Filter, you will go short when the price is above the moving average. This method works best in sideways market where price usually retraces back to the moving average. So, in an anticipation of price reverting back to the moving average, it is a useful piece of option to use during sideway markets.
If you want to get access to this indicator please DM me or visit our website.
NCTA Trend ConsensusTrend Consensus Indicator
The Trend Consensus Indicator is one of two technical pattern indicators that are part of the Profit Flow Analytics.
New Cycle Trading and Analytics is a group of traders creating market analytics for traders. The objective is to take complex combinations of multiple technical pattern indicators and present to the trader a simple, single signal entry.
The Trend Consensus Indicator is excellent in short 1, 3, and 5 minute timeframes for futures traders and short term options traders. Longer timeframes such as the 5, 10, and 30 minute timeframes work well for options traders.
The Trend Consensus Indicator consists of a simple, single entry indicator designed to provide an entry very close to the shift on the intra-day cycle. It is designed to filter out false signals and provide the trader with an optimum timing of an entry. The signal consists of an early indication of a possible entry followed by a confirming/entry signal. It is very simple to monitor and recognize the entry.
HOW TO USE: Go long when a dark blue bar appears as long as there is at least one light or dark blue bar immediately preceding it. Go short when a dark red bar appears as long as there is at least one light or dark red bar immediately preceding it.
The Trend Consensus Indicator, which is part of the Profit Flow Analytics set of indicators, is traded in a live trading room every market day, hosted by our friends at Options Money Maker.
To learn more and to get a free trial of the Trend Consensus Indicator, as part of the Profit Flow Analytics use the following link:
www.newcycletrading.com
NQU2019
SP:SPX
GRG/RGR Signal, MA, Ranges and PivotsThis indicator is a combination of several indicators.
It is a combination of two of my indicators which I solely use for trading
1. EMA 10-20-50-200, Pivots and Previous Day/Week/Month range
2. 3/4-Bar GRG / RGR Pattern (Conditional 4th Candle)
You can use them individually if you already have some of them or just use this one. Belive me when I say, this is all you need, along with market structure knowlege and even if you don’t have that, this indicator has been doing wonders for me. This is all I use. I do not use anything else.
**Note - Do checkout the indicators individually as I have added valuable information in the comment section.
It contains the following,
1. 10 EMA/SMA - configurable
2. 20 EMA/SMA - configurable
3. 50 EMA/SMA - configurable
4. 200 EMA/SMA - configurable
5. Previous Day's Range
6. Previous Week's Range
7. Previous Month's Range
8. Pivots
9. Buy Sell Signal
The Moving Averages
It is a very important combination and using it correctly with price action will strengthen your entries and exits.
The ema's or sma's added are the most powerful ones and they do definitely act as support and resistance.
The Daily/Weekly/Monthly Ranges
The Daily/Weekly/Monthly ranges are extremely important for any trader and should be used for targets and reversals.
Pivots
Pivots can provide support and resistance level. R5 and S5 can be used to check for over stretched conditions. You can customise them however you like. It is a full pivot indicator.
It is defaulted to show R5 and S5 only to reduce noise in the chart but it can be customised.
The 3/4 RGR or GRG Signal Generator
Combined with a 3/4 RGR or GRG setup can be all a trader needs.
You don't need complex strategies and SMC concepts to trade. Simple EMAs, ranges and RGR/GRG setup is the most winning combination.
This indicator can be used to identify the Green-Red-Green or Red-Green-Red pattern.
It is a price action indicator where a price action which identifies the defeat of buyers and sellers.
If the buyers comprehensively defeat the sellers then the price moves up and if the sellers defeat the buyers then the price moves down.
In my trading experience this is what defines the price movement.
It is a 3 or 4 candle pattern, beyond that i.e, 5 or more candles could mean a very sideways market and unnecessary signal generation.
How does it work?
Upside/Green signal
1. Say candle 1 is Green, which means buyers stepped in, then candle 2 is Red or a Doji, that means sellers brought the price down. Then if candle 3 is forming to be Green and breaks the closing of the 1st candle and opening of the 2nd candle, then a green arrow will appear and that is the place where you want to take your trade.
2. Here the buyers defeated the sellers.
3. Sometimes candle 3 falls short but candle 4 breaks candle 1's closing and candle 2's opening price. We can enter on candle 4.
4. Important - We need to enter the trade as soon as the price moves above the candle 1 and 2's body and should not wait for the 3rd or 4th candle to close. Ignore wicks.
5. But for a more optimised entry I have added an option to use candle’s highs and lows instead of open and close. This reduces lot of noise and provides us with more precise entry. This setting is turned on by default.
6. I have restricted it to 4 candles and that is all that is needed. More than that is a longer sideways market.
7. I call it the +-+ or GRG pattern or Green-Red-Green or Buyer-Seller-Buyer or Seller defeated or just Buyer pattern.
8. Stop loss can be candle 2's mid for safe traders (that includes me) or candle 2's body low for risky traders.
9. Back testing suggests that body low will be useless and result in more points in loss because for the bigger move this point will not be touched, so why not get out faster.
Downside/Red signal
1. Say candle 1 is Red, which means sellers stepped in, then candle 2 is Green or a Doji, that means buyers took the price up. Then if candle 3 is forming to be Red and breaks the closing of the 1st candle and opening of the 2nd candle then a Red arrow will appear and that is the place where you want to take your trade.
2. Sometimes candle 3 falls short but candle 4 breaks candle 1's closing and candle 2's opening price. We can enter on candle 4.
3. We need to enter the trade as soon as the price moves below the candle 1 and 2's body and should not wait for the 3rd or 4th candle to close.
4. But for a more optimised entry I have added an option to use candle’s highs and lows instead of open and close. This reduces lot of noise and provides us with more precise entry. This setting is turned on by default.
5. I have restricted it to 4 candles and that is all that is needed. More than that is a longer sideways market.
6. I call it the -+- or RGR pattern or Red-Green-Red or Seller-Buyer-Seller or Buyer defeated or just Seller pattern.
7. Stop loss can be candle 2's mid for safe traders ( that includes me) or candle 2's body high for risky traders.
8. Back testing suggests that body high will be useless and result in more points in loss because for the bigger move this point will not be touched, so why not get out faster.
Important Settings
1. Include 4th Candle Confirmation - You can enable or disable the 4th candle signal to avoid the noise, but at times I have noticed that the 4th candle gives a very strong signal or I can say that the strong signal falls on the 4th candle. This is mostly a coincidence.
2. Bars to check (default 10) - You can also configure how many previous bars should the signal be generated for. 10 to 30 is good enough. To backtest increase it to 2000 or 5000 for example.
3. Use Candle High/Low for confirmation instead of Candle Open/Close - More optimized entry and noise reduction. This option is now defaulted to false.
4. Show Green-Red-Green (bull) signals - Show only bull entries. Useful when I have a predefined view i.e, I know market is going to go up today.
5. Show Red-Green-Red (bear) signals - Show only bear entries. Useful when I have a predefined view i.e, I know market is going to go down today.
6. 3rd candle should be a Strong candle before considering 4th candle - This will enforce additional logic in 4 candle setup that the 3rd candle is the candle in our direction of breakout. This means something like GRGG is mandatory, which is still the default behaviour. If disabled, the 3rd candle can be any candle and 4th candle will act as our breakout candle. This behaviour has led to breakouts and breakdowns as times, hence I added this as a separate feature. Vice-versa for a RGGR.
For a 4 candle setup till now we were expecting GRGG or RGRR but we can let the system ignore the 3rd candle completely if needed.
This will result in additional signals.
7. Three intraday ranges added for index and stock traders - 1 min, 5 min and 15 min ranges will be displayed. These are disabled by default except 15 min. These are very important ranges and in sideways days the price will usually move within the 15 min. A breakout of this range and a positive signal can be a very powerful setup.
Safe traders can avoid taking a trade in this range as it can lead to fakeouts.
The line style, width, color and opacity are configurable.
Pointers/Golden Rules
1. If after taking the trade, the next candle moves in your direction and closes strong bullish or bearish, then move SL to break even and after that you can trail it.
2. If a upside trade hits SL and immediately a down side trade signal is generated on the next candle then take it. Vice versa is true.
3. Trades need to be taken on previous 2 candle's body high or low combined and not the wicks.
4. The most losses a trader takes is on a sideways day and because in our strategy the stop loss is so small that even on a sideways day we'll get out with a little profit or worst break even.
5. Hold trades for longer targets and don't panic.
6. If last 3-4 days have been sideways then there is a good probability that today will be trending so we can hold our trade for longer targets. Inverse is true when the market has been trending for 2-3 days then volatility followed by sideways is coming (DOW theory). Target to hold the trade for whole day and not exit till the day closes.
7. In general avoid trading in the middle of the day for index and stocks. Divide the day into 3 parts and avoid the middle.
8. Use Support/Resistance, 10, 20, 50, 200 EMA/SMA, Gaps, Whole/Round numbers(very imp) for identifying targets.
9. Trail your SL.
10. For indexes I would use 5 min and 15 min timeframe and at times 10 mins.
11. For commodities and crypto we can use higher timeframe as well. Look for signals during volatile time durations and avoid trading the whole day. Signal usually gives good targets on those times.
12. If a GRG or RGR pattern appears on a daily timeframe then this is our time to go big.
13. Minimum Risk to Reward should be 1:2 and for longer targets can be 1:4 to 1:10.
14. Trade with small lot size. Money management will happen automatically.
15. With small lot size and correct Risk-Reward we can be very profitable. Don't trade with big lot size.
16. Stay in the market for longer and collect points not money.
17. Very imp - Watch market and learn to generate a market view.
18. Very imp - Only 3 type of candles are needed in trading -
Strong Bullish (Big Green candle), Strong Bearish (Big Red candle),
Hammer (it is Strong Bullish), Inverse Hammer (it is Strong Bearish)
and Doji (indecision or confusion).
If on daily timeframe I see Strong Bullish candle previous day then I am biased to the upside the next day, if I see Strong Bearish candle the previous day then I am biased to the downside the next day, if I see Doji on the previous day then I am cautious the next day, if there are back to back Dojis forming in daily or weekly then I am preparing for big move so time to go big once I get the signal.
19. Most Important Candlestick pattern - Bullish and Bearish Engulfing
20. The only Chart patterns I need -
a) Falling Wedge Bullish Pattern Uptrend or Bull Flag - Buying - Forming over a couple days for intraday and forming over a couple of weeks for swing
b) Falling Wedge Bullish Pattern Downtrend or Falling Channel - Buying
c) Rising Wedge Bearish Pattern Uptrend or Rising Channel - Selling
d) Rising Wedge Bearish Pattern Downtrend or Bear flag - Selling
e) M and W pattern - Reversal Patterns - They form within the above 4 patterns, usually resulting in the break of trend line
21. How Gaps work -
a) Small Gap up in Uptrend - Market can fill the gap and reverse. The perception is that people are buying. If previous day candle was Strong Bullish then market view is up.
b) Big Gap up in Uptrend - Not news driven - Profit booking will come but may not fill the entire gap
c) Big Gap up in Uptrend - News driven, war related, tax, interest rate - Market can keep going up without stopping.
c) Flat opening in Uptrend - Big chance of market going up. If previous day candle was Strong Bullish then view is upwards, if it was Doji then still upwards.
d) Gap down in Uptrend - Market is surprised. After going down initially it can go up
e) Small Gap down in Downtrend - Market can fill the gap and keep moving down. If previous day candle was Strong Bearish then view is still down.
f) Flat opening in Downtrend - View is down, short today.
g) Big Gap down in Downtrend - Profit booking and foolish buying will come but market view is still down.
h) Gap down with News - Volatility, sideways then down.
22. Go big on bearish days for option traders. Puts are better bought and Calls are better sold.
23. Cluster of green signals can lead to bigger move on the upside and vice versa for red signals.
24. Most of this is what I learned from successful traders (from the top 2%) only the indicator is mine.
Triple Close Indicator (TCI)Triple Close Indicator (TCI)
Overview:
The Triple Close Indicator (TCI) is a trend-following and entry signal tool designed to simplify market decision-making. Using a 50-period moving average (MA) as the primary trend filter, TCI identifies consecutive close patterns to generate high-probability bullish and bearish entry signals. Its clean design ensures minimal chart clutter while highlighting actionable points.
How It Works:
Trend Identification
The 50 MA is the core trend filter:
Price above 50 MA → bullish trend
Price below 50 MA → bearish trend
Signal Lines (Green/Red Lines)
Green Line: Marks every 3rd consecutive higher close
Red Line: Marks every 3rd consecutive lower close
Signal lines extend 6 bars forward for reference
Users can customize line width, transparency, and style (solid/dotted)
Entry Signals (Triangles)
Bullish Entry:
Green line above 50 MA → look for a candle closing above this line within the next configurable lookback window (default 5 bars)
Red line above 50 MA → if a candle closes above this line within the lookback window, bullish entry is triggered
Bearish Entry:
Red line below 50 MA → look for a candle closing below this line within the lookback window
Green line below 50 MA → if a candle closes below this line within the lookback window, bearish entry is triggered
Visuals
50 MA line – yellow, main trend filter
Signal lines – green/red with customizable width, transparency, and style
Entry triangles – lime for bullish, red for bearish
Alerts are available for real-time notifications
How to Use Effectively:
Trend Confirmation
Only take long entries above 50 MA and short entries below 50 MA
Avoid counter-trend entries to reduce false signals
Signal Validation
Wait for a candle close beyond the signal line to confirm the entry
Use the configurable lookback window to capture the most recent valid candle
Combine with Other Filters (Optional)
Use volume, ATR, or RSI to filter low-probability setups
Multi-timeframe analysis can enhance signal reliability
Alerts
Use built-in TradingView alerts for real-time execution
Customize messages for notifications on mobile, email, or webhook
Inputs & Customization:
MA Type & Length: Choose SMA, EMA, WMA, or VWMA for 50 MA
Signal Line Colors: Green (bullish), Red (bearish)
Line Width & Transparency: Adjust visual clarity
Line Style: Solid or Dotted
Lookback Window: Number of bars to check for valid entry after a signal line
Best Practices:
Use higher timeframes (1H, 4H, daily) for more reliable signals
Avoid trading in tight consolidation zones; the indicator works best in trending markets
Combine with risk management: define stop-loss below/above signal lines or ATR multiples
AI Trading Alerts v6 — SL/TP + Confidence + Panel (Fixed)Overview
This Pine Script is designed to identify high-probability trading opportunities in Forex, commodities, and crypto markets. It combines EMA trend filters, RSI, and Stochastic RSI, with automatic stop-loss (SL) & take-profit (TP) suggestions, and provides a confidence panel to quickly assess the trade setup strength.
It also includes TradingView alert conditions so you can set up notifications for Long/Short setups and EMA crosses.
⚙️ Features
EMA Trend Filter
Uses EMA 50, 100, 200 for trend confirmation.
Bull trend = EMA50 > EMA100 > EMA200
Bear trend = EMA50 < EMA100 < EMA200
RSI Filter
Bullish trades require RSI > 50
Bearish trades require RSI < 50
Stochastic RSI Filter
Prevents entries during overbought/oversold extremes.
Bullish entry only if %K and %D < 80
Bearish entry only if %K and %D > 20
EMA Proximity Check
Price must be near EMA50 (within ATR × adjustable multiplier).
Signals
Continuation Signals:
Long if all bullish conditions align.
Short if all bearish conditions align.
Cross Events:
Long Cross when price crosses above EMA50 in bull trend.
Short Cross when price crosses below EMA50 in bear trend.
Automatic SL/TP Suggestions
SL size adjusts depending on asset:
Gold/Silver (XAU/XAG): 5 pts
Bitcoin/Ethereum: 100 pts
FX pairs (default): 20 pts
TP = SL × Risk:Reward ratio (default 1:2).
Confidence Score (0–4)
Based on conditions met (trend, RSI, Stoch, EMA proximity).
Labels:
Strongest (4/4)
Strong (3/4)
Medium (2/4)
Low (1/4)
Visual Panel on Chart
Shows ✅/❌ for each condition (trend, RSI, Stoch, EMA proximity, signal now).
Confidence row with color-coded strength.
Alerts
Long Setup
Short Setup
Long Cross
Short Cross
🖥️ How to Use
1. Add the Script
Open TradingView → Pine Editor.
Paste the full script.
Click Add to chart.
Save as "AI Trading Alerts v6 — SL/TP + Confidence + Panel".
2. Configure Inputs
EMA Lengths: Default 50/100/200 (works well for swing trading).
RSI Length: 14 (standard).
Stochastic Length/K/D: Default 14/3/3.
Risk:Reward Ratio: Default 2.0 (can change to 1.5, 3.0, etc.).
EMA Proximity Threshold: Default 0.20 × ATR (adjust to be stricter/looser).
3. Read the Panel
Top-right of chart, you’ll see ✅ or ❌ for:
Trend → Are EMAs aligned?
RSI → Above 50 (bull) or below 50 (bear)?
Stoch OK → Not extreme?
Near EMA50 → Close enough to EMA50?
Above/Below OK → Price position vs. EMA50 matches trend?
Signal Now → Entry triggered?
Confidence row:
🟢 Green = Strongest
🟩 Light green = Strong
🟧 Orange = Medium
🟨 Yellow = Low
⬜ Gray = None
4. Alerts Setup
Go to TradingView Alerts (⏰ icon).
Choose the script under “Condition”.
Select alert type:
Long Setup
Short Setup
Long Cross
Short Cross
Set notification method (popup, sound, email, mobile).
Click Create.
Now TradingView will notify you automatically when signals appear.
5. Example Workflow
Wait for Confidence = Strong/Strongest.
Check if market session supports volatility (e.g., XAU in London/NY).
Review SL/TP suggestions:
Long → Entry: current price, SL: close - risk_pts, TP: close + risk_pts × RR.
Short → Entry: current price, SL: close + risk_pts, TP: close - risk_pts × RR.
Adjust based on your own price action analysis.
📊 Best Practices
Use on H1 + D1 combo → align higher timeframe bias with intraday entries.
Risk only 1–2% of account per trade (position sizing required).
Filter with market sessions (Asia, Europe, US).
Strongest signals work best with trending pairs (e.g., XAUUSD, USDJPY, BTCUSD).
Trading Mastery Indicator# Trading Mastery Indicator - Complete User Guide
## Overview
The Trading Mastery Indicator is a professional-grade technical analysis tool that provides high-probability trading signals with complete trade management information including entry, stop loss, and take profit levels.
## Key Features
- High-Quality Signal Detection: Identifies strong, medium, and weak trading opportunities
- Complete Trade Setup: Provides entry, stop loss, and take profit for every signal
- Risk Management: Calculates risk-to-reward ratios automatically
- Elliott Wave Analysis: Integrated wave pattern and position analysis
- Active Signal Tracking: Shows when you're currently in a trade
- Professional Alerts: Detailed notifications with all trade parameters
## Signal Quality Classification
### STRONG Signals (Premium Quality)
- Reliability: Highest probability setups
- Market Conditions: Strong trending environments
- Color: Teal for buys, Red for sells
- When to Trade: These are your primary trading opportunities
- Risk Profile: Lowest risk, highest reward potential
### MEDIUM Signals (Standard Quality)
- Reliability: Good probability setups
- Market Conditions: Moderate trend or consolidation breakouts
- Color: Gold for buys, Purple for sells (Change to Blue Gray)
- When to Trade: Secondary opportunities when strong signals are scarce
- Risk Profile: Moderate risk, good reward potential
### WEAK Signals (Entry Quality)
- Reliability: Lower probability setups
- Market Conditions: Counter-trend or unclear market structure
- Color: Coral for buys, Pink for sells
- When to Trade: Only for experienced traders in specific market conditions
- Risk Profile: Higher risk, variable reward
## How to Use the Indicator
### 1. Signal Settings Configuration
Signal Filter Options:
- All Signals: Shows every trading opportunity (strong, medium, weak)
- High Quality Only: Shows only the highest probability setups
- High + Medium Quality**: Balanced approach filtering out weak signals
Recommended Settings by Experience:
- Beginner: Use "High Quality Only"
- Intermediate: Use "High + Medium Quality"
- Advanced: Use "All Signals" with proper risk management
Label Controls:
- Label Position: Adjust how close labels appear to candles
- Label Text Size: Choose based on screen size and preference
- Maximum Labels: Control chart clutter (recommended: 20)
### 2. Understanding the Professional Panel
The panel provides real-time market intelligence:
Primary Trend: Market direction analysis
- BULLISH TREND: Look for buy opportunities only
- BEARISH TREND: Look for sell opportunities only
- CONSOLIDATION: Market indecision, trade with caution
Wave Pattern: Elliott Wave structure analysis
- IMPULSE UP: Strong bullish momentum
- IMPULSE DOWN: Strong bearish momentum
- CORRECTION: Sideways/corrective movement
Wave Position: Current Elliott Wave position
- WAVE 3 (STRONG): Most powerful moves, best for trend following
- WAVE 1 OR 5: Beginning or ending waves
- WAVE 2 OR 4: Corrective phases, lower probability
- CORRECTIVE ABC: Wait for pattern completion
Signal Grade: Current signal status
- SIGNAL ACTIVE: You're currently in a trade
- PREMIUM/STANDARD/SPECULATIVE: New signal quality
- NO SIGNAL: No current opportunities
Trading Bias: Overall market direction
- LONG BIAS: Focus on buy opportunities
- SHORT BIAS: Focus on sell opportunities
- NEUTRAL: No clear directional bias
### 3. Reading Signal Labels
Each signal provides complete trade setup information:
```
STRONG BUY
━━━━━━━━━━━━━━━━━━━━
💰 Entry: 1875.50
🛡️ SL: 1860.25
🎯 TP: 1905.75
📈 R:R = 1:2.0
━━━━━━━━━━━━━━━━━━━━
```
Understanding the Information:
- Entry: Exact price level to enter the trade
- SL: Stop loss level (risk management)
- TP: Take profit level (profit target)
- R:R: Risk-to-reward ratio (1:2.0 means you risk 1 to make 2)
### 4. Entry/TP/SL Level Lines
Visual trade management aids:
- Blue Solid Line: Entry level
- Red Dashed Line: Stop loss level
- Green Dashed Line: Take profit level
- Small Labels: "ENTRY", "SL", "TP" markers
## Trading Strategy Guidelines
### Trend Following Strategy
1. Check Panel: Ensure trend aligns with your trade direction
2. Wait for Signals: Only trade in the direction of the primary trend
3. Quality First: Focus on STRONG signals during trending markets
4. Wave Timing: WAVE 3 positions offer the best trending opportunities
### Reversal Strategy
1. Look for Divergence: Panel shows trend change signals
2. Wait for Confirmation: Don't jump early on potential reversals
3. Use MEDIUM Signals: Often good for catching early trend changes
4. Watch Wave Position: CORRECTIVE ABC patterns may signal trend completion
### Risk Management Rules
Position Sizing:
- Risk no more than 1-2% of account per trade
- Use the provided R:R ratios to calculate position sizes
- Stronger signals can justify slightly larger positions
Stop Loss Management:
- Always use the provided stop loss levels
- Never move stops against your position
- Consider trailing stops once trade moves in your favor
Take Profit Strategy:
- Use provided TP levels as minimum targets
- Consider taking partial profits at TP level
- Let strong trends run beyond TP in trending markets
## Best Practices by Timeframe
### Scalping (M1-M5)
- Use "High Quality Only" filter
- Focus on STRONG signals only
- Quick entry and exit
- Expect more false signals due to market noise
### Intraday Trading (M15-H1)
- Use "High + Medium Quality" filter
- Good balance of opportunity and reliability
- Hold trades for several hours
- Most versatile timeframe for the indicator
### Swing Trading (H4-Daily)
- Use "All Signals" with proper analysis
- Hold trades for days to weeks
- Most reliable signals on higher timeframes
- Best for beginners due to less noise
## Panel Customization
Position Options:
- Top Right: Default, doesn't interfere with price action
- Top Left: Good for wide screens
- Bottom corners: Keeps important info visible while analyzing tops
- Middle positions: Central reference, good for multi-monitor setups
Size Options:
- Small: Minimal screen space, good for small screens
- Normal: Balanced visibility and space usage
- Large: Easy reading, good for detailed analysis
Transparency: Adjust 0-95% based on preference and chart background
## Common Mistakes to Avoid
### Signal Interpretation Errors
- Don't ignore the trend: Trading against primary trend reduces success
- Don't chase weak signals: Focus on quality over quantity
- Don't ignore wave position: WAVE 2/4 corrections are lower probability
### Risk Management Errors
- Don't skip stop losses: Every signal includes SL for a reason
- Don't risk too much: Even strong signals can fail
- Don't move stops against position: Stick to the plan
### Psychological Errors
- Don't overtrade: Wait for quality setups
- Don't second-guess strong signals: Trust the analysis
- Don't panic on normal drawdowns: Expect some losing trades
## Alert Configuration
Enable alerts for:
- Strong signals: Primary trading opportunities
- Medium signals: Secondary opportunities (optional)
- Signal active status: Know when you're in trades
Alert messages include complete trade information for easy execution.
## Performance Optimization
### For Best Results:
1. Combine with price action: Look for confluence with support/resistance
2. Consider market sessions: Different sessions have different characteristics
3. Monitor news events: Avoid trading during high-impact news
4. Keep a trading journal: Track which signals work best for your style
### Regular Review:
- Weekly analysis: Review which signal types performed best
- Timeframe assessment: Determine your most profitable timeframes
- Strategy refinement: Adjust filters based on performance data
## Troubleshooting
If you're not seeing signals:
- Check that "Show Buy/Sell Signals" is enabled
- Verify your signal filter isn't too restrictive
- Market may be in a consolidation phase
If labels are cluttered:
- Reduce "Maximum Labels to Show"
- Change label position to "Far from Candle"
- Use smaller label text size
If panel is in the way:
- Change panel position
- Increase transparency
- Reduce panel size
- Toggle panel off temporarily
Remember: This indicator provides analysis and signals, but successful trading also requires proper risk management, emotional discipline, and understanding of market conditions. Always practice with demo accounts before risking real capital, and never risk more than you can afford to lose.
Colby Cheese VWAP Setup [v1.0]🧀 Colby Cheese VWAP Setup
A tribute to Colby’s structural clarity, refined for sniper-grade entries.
🧭 Strategy Overview
This setup blends CHoCH (Change of Character) detection with VWAP deviation bands, EMA stack bias, delta/CVD conviction, and FRVP-based entry zones. It’s designed for traders who value narratable structure, directional conviction, and modular clarity.
🔍 Core Modules
• CHoCH Detection: Identifies structural breaks using swing highs/lows from local or 3-minute feeds.
• VWAP Bands: Dynamic support/resistance zones based on VWAP ± standard deviation.
• EMA Stack Bias: Confirms directional bias using 13/35/50 EMA alignment.
• Delta/CVD Filter: Measures volume aggression and cumulative conviction.
• Strongest Imbalance Logic: Scores recent bars for directional strength using delta, CVD, and price change.
• Engulfing Confirmation (optional): Adds candle strength validation post-CHoCH.
• FRVP Entry Zones: Pullback entries based on recent range extremes—directionally aware.
• Visual Aids: CHoCH lines, candle coloring, entry labels, and optional stop loss markers.
🎯 Trade Logic
• Bullish CHoCH:
• Trigger: Price closes above last swing high
• Filters: Strong body, volume, delta, optional engulfing
• Bias: EMA stack bullish
• Entry: Pullback to bottom of FRVP range
• Visual: Green CHoCH line + “Enter” label
• Bearish CHoCH:
• Trigger: Price closes below last swing low
• Filters: Strong body, volume, delta, optional engulfing
• Bias: EMA stack bearish
• Entry: Pullback to top of FRVP range
• Visual: Red CHoCH line + “Enter” label
🛠 Notes for Overlay Builders
• All modules are toggleable for clarity and experimentation.
• CHoCH logic is atomic and timestamped—ideal for audit trails.
• FRVP zones are now directionally aware (thanks to David’s refinement).
• Imbalance scoring is reversible and narratable—perfect for diagnostic overlays.
Katz Calypso Indicator (Refactored)Overview
The Katz Calypso Indicator is a comprehensive momentum oscillator designed to identify potential entry and exit points in the market. At its core, it uses the True Strength Index (TSI) to gauge the strength and direction of a trend. To enhance signal accuracy and reduce false positives, the indicator integrates several optional filters, including the Waddah Attar Explosion, an EMA filter, and an ATR filter. It also provides an optional RVGI-based exit signal system.
This tool is designed to provide a clear, visual representation of market momentum, with customizable filters to adapt to various trading styles and market conditions.
How to Use the Indicator
The indicator is displayed in a separate pane below the main price chart.
TSI Line (Blue): This is the main oscillator line. Its position relative to the zero line indicates the overall trend bias (above 0 is bullish, below is bearish).
Signal Line (Red): A moving average of the TSI line. Crossovers between the TSI and Signal Line are the primary triggers for trade signals.
Zero Line: The centerline of the oscillator. A cross of the Zero Line can indicate a significant shift in momentum.
Overbought/Oversold Levels: These user-defined levels (defaulting to 65 and -65) help identify potential exhaustion points in a trend, which can be used for taking profits.
On-Chart Signals: The indicator plots shapes directly on the chart to make signals easy to spot:
Green Triangles (Up): Indicate long entry or continuation signals.
Red Triangles (Down): Indicate short entry or continuation signals.
Yellow Triangles: Suggest taking profits.
Maroon/Lime Triangles: Indicate an exit based on a signal cross (like RVGI or the Zero Line).
Trading Rules
Long Trade Rules
Entry: A long trade is signaled when ALL of the following conditions are met:
The blue TSI Line crosses above the red Signal Line.
The blue TSI Line is above the 0 Zero Line.
All enabled filters (Waddah Attar, EMA, ATR) confirm bullish conditions.
A green triangle labeled "Long" will appear below the price.
Exit (Take Profit): A take-profit signal for a long trade is generated when either of these occurs:
The TSI Line crosses below the Overbought level.
The TSI Line crosses back below the Signal Line while still above zero.
A yellow triangle labeled "TPL" (Take Profit Long) will appear above the price.
Exit (Stop/Reverse): A signal to exit a long trade is generated when either of these occurs:
The TSI Line crosses below the 0 Zero Line.
The RVGI Exit filter is enabled and generates a bearish crossover signal.
A maroon triangle labeled "Exit Long" will appear above the price.
Short Trade Rules
Entry: A short trade is signaled when ALL of the following conditions are met:
The blue TSI Line crosses below the red Signal Line.
The blue TSI Line is below the 0 Zero Line.
All enabled filters (Waddah Attar, EMA, ATR) confirm bearish conditions.
A red triangle labeled "Short" will appear above the price.
Exit (Take Profit): A take-profit signal for a short trade is generated when either of these occurs:
The TSI Line crosses above the Oversold level.
The TSI Line crosses back above the Signal Line while still below zero.
A yellow triangle labeled "TPS" (Take Profit Short) will appear below the price.
Exit (Stop/Reverse): A signal to exit a short trade is generated when either of these occurs:
The TSI Line crosses above the 0 Zero Line.
The RVGI Exit filter is enabled and generates a bullish crossover signal.
A lime green triangle labeled "Exit Short" will appear below the price.
Optional Filters
You can enable or disable these filters in the indicator's settings to fine-tune its sensitivity.
Waddah Attar Explosion Filter: This filter measures trend strength and volatility. When enabled, it ensures that entries are only taken during periods of strong, confirmed momentum, helping to avoid sideways or choppy markets.
EMA Price Filter: A classic trend filter. When enabled, it will only allow long entries if the price is above the specified Exponential Moving Average and short entries only if the price is below it.
ATR Filter: This acts as a volatility-based filter to prevent chasing a move. It helps ensure that you are not entering a long trade when the price has already moved too far above its EMA, or vice-versa for a short trade.
RVGI Exit Filter: The Relative Vigor Index (RVGI) is used here exclusively as an exit signal. When enabled, a crossover of the RVGI and its signal line can provide an earlier exit signal before the TSI crosses the zero line, potentially locking in profits sooner.
Disclaimer: This indicator is provided for educational and informational purposes only. It is not financial advice. Trading carries a high level of risk, and you can lose more than your initial investment. You should use this indicator at your own risk and discretion. Always conduct your own research and consider your risk tolerance before making any trading decisions.
