TechniTrend: Volatility and MACD Trend Highlighter🟦 Overview
The "Candle Volatility with Trend Prediction" indicator is a powerful tool designed to identify market volatility based on candle movement relative to average volume while also incorporating trend predictions using the MACD. This indicator is ideal for traders who want to detect volatile market conditions and anticipate potential price movements, leveraging both price changes and volume dynamics.
It not only highlights candles with significant price movements but also integrates a trend analysis based on the MACD (Moving Average Convergence Divergence), allowing traders to gauge whether the market momentum aligns with or diverges from the detected volatility.
🟦 Key Features
🔸Volatility Detection: Identifies candles that exceed normal price fluctuations based on average volume and recent price volatility.
🔸Trend Prediction: Uses the MACD indicator to overlay trend analysis, signaling potential market direction shifts.
🔸Volume-Based Analysis: Integrates customizable moving averages (SMA, EMA, WMA, etc.) of volume, providing a clear visualization of volume trends.
🔸Alert System: Automatically notifies traders of high-volatility situations, aiding in timely decision-making.
🔸Customizability: Includes multiple settings to tailor the indicator to different market conditions and timeframes.
🟦 How It Works
The indicator operates by evaluating the price volatility in relation to average volume and identifying when a candle's volatility surpasses a threshold defined by the user. The key calculations include:
🔸Average Volume Calculation: The user selects the type of moving average (SMA, EMA, etc.) to calculate the average volume over a set period.
🔸Volatility Measurement: The indicator measures the body change (difference between open and close) and the high-low range of each candle. It then calculates recent price volatility using a standard deviation over a user-defined length.
🔸Weighted Index: A unique index is created by dividing price change by average volume and recent volatility.
🔸Highlighting Volatility: If the weighted index exceeds a customizable threshold, the candle is highlighted, indicating potential trading opportunities.
🔸Trend Analysis with MACD: The MACD line and signal line are plotted and adjusted with a user-defined multiplier to visualize trends alongside the volatility signals.
🟦 Recommended Settings
🔸Volume MA Length: A default of 14 periods for the average volume calculation is recommended. Adjust to higher periods for long-term trends and shorter periods for quick trades.
🔸Volatility Threshold Multiplier: Set at 1.2 by default to capture moderately significant movements. Increase for fewer but stronger signals or decrease for more frequent signals.
🔸MACD Settings: Default MACD parameters (12, 26, 9) are suggested. Tweak based on your trading strategy and asset volatility.
🔸MACD Multiplier: Adjust based on how the MACD should visually compare to the average volume. A multiplier of 1 works well for most cases.
🟦 How to Use
🔸Volatile Market Detection:
Look for highlighted candles that suggest a deviation from typical price behavior. These candles often signify an entry point for short-term trades.
🔸Trend Confirmation:
Use the MACD trend analysis to verify if the highlighted volatile candles align with a bullish or bearish trend.
For example, a bullish MACD crossover combined with a highlighted candle suggests a potential uptrend, while a bearish crossover with volatility signals may indicate a downtrend.
🔸Volume-Driven Strategy:
Observe how volume changes impact candle volatility. When volume rises significantly and candles are highlighted, it can suggest strong market moves influenced by big players.
🟦 Best Use Cases
🔸Trend Reversals: Detect potential trend reversals early by spotting divergences between price and MACD within volatile conditions.
🔸Breakout Strategies: Use the indicator to confirm price breakouts with significant volume changes.
🔸Scalping or Day Trading: Customize the indicator for shorter timeframes to capture rapid market movements based on volatility spikes.
🔸Swing Trading: Combine volatility and trend insights to optimize entry and exit points over longer periods.
🟦 Customization Options
🔸Volume-Based Inputs: Choose from SMA, EMA, WMA, and more to define how average volume is calculated.
🔸Threshold Adjustments: Modify the volatility threshold multiplier to increase or decrease sensitivity based on your trading style.
🔸MACD Tuning: Adjust MACD settings and the multiplier for trend visualization tailored to different asset classes and market conditions.
🟦 Indicator Alerts
🔸High Volatility Alerts: Automatically triggered when candles exceed user-defined volatility levels.
🔸Bullish/Bearish Trend Alerts: Alerts are activated when highlighted volatile candles align with bullish or bearish MACD crossovers, making it easier to spot opportunities without constantly monitoring the chart.
🟦 Examples of Use
To better understand how this indicator works, consider the following scenarios:
🔸Example 1: In a strong uptrend, observe how volume surges and volatility highlight candles right before price consolidations, indicating optimal exit points.
🔸Example 2: During a downtrend, see how the MACD aligns with volume-driven volatility, signaling potential short-selling opportunities.
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XAMD/AMDX ICT 01 [TradingFinder] SMC Quarterly Theory Cycles🔵 Introduction
The XAMD/AMDX strategy, combined with the Quarterly Theory, forms the foundation of a powerful market structure analysis. This indicator builds upon the principles of the Power of 3 strategy introduced by ICT, enhancing its application by incorporating an additional phase.
By extending the logic of Power of 3, the XAMD/AMDX tool provides a more detailed and comprehensive view of daily market behavior, offering traders greater precision in identifying key movements and opportunities
This approach divides the trading day into four distinct phases : Accumulation (19:00 - 01:00 EST), Manipulation (01:00 - 07:00 EST), Distribution (07:00 - 13:00 EST), and Continuation or Reversal (13:00 - 19:00 EST), collectively known as AMDX.
Each phase reflects a specific market behavior, providing a structured lens to interpret price action. Building on the fractal nature of time in financial markets, the Quarterly Theory introduces the Four Quarters Method, where a currency pair’s price range is divided into quarters.
These divisions, known as quarter points, highlight critical levels for analyzing and predicting market dynamics. Together, these principles allow traders to align their strategies with institutional trading patterns, offering deeper insights into market trends
🔵 How to Use
The AMDX framework provides a structured approach to understanding market behavior throughout the trading day. Each phase has its own characteristics and trading opportunities, allowing traders to align their strategies effectively. To get the most out of this tool, understanding the dynamics of each phase is essential.
🟣 Accumulation
During the Accumulation phase (19:00 - 01:00 EST), the market is typically quiet, with price movements confined to a narrow range. This phase is where institutional players accumulate their positions, setting the stage for future price movements.
Traders should use this time to study price patterns and prepare for the next phases. It’s a great opportunity to mark key support and resistance zones and set alerts for potential breakouts, as the low volatility makes immediate trading less attractive.
🟣 Manipulation
The Manipulation phase (01:00 - 07:00 EST) is often marked by sharp and deceptive price movements. Institutions create false breakouts to trigger stop-losses and trap retail traders into the wrong direction. Traders should remain cautious during this phase, focusing on identifying the areas of liquidity where these traps occur.
Watching for price reversals after these false moves can provide excellent entry opportunities, but patience and confirmation are crucial to avoid getting caught in the manipulation.
🟣 Distribution
The Distribution phase (07:00 - 13:00 EST) is where the day’s dominant trend typically emerges. Institutions execute large trades, resulting in significant price movements. This phase is ideal for trading with the trend, as the market provides clearer directional signals.
Traders should focus on identifying breakouts or strong momentum in the direction of the trend established during this period. This phase is also where traders can capitalize on setups identified earlier, aligning their entries with the market’s broader sentiment.
🟣 Continuation or Reversal
Finally, the Continuation or Reversal phase (13:00 - 19:00 EST) offers a critical juncture to assess the market’s direction. This phase can either reinforce the established trend or signal a reversal as institutions adjust their positions.
Traders should observe price behavior closely during this time, looking for patterns that confirm whether the trend is likely to continue or reverse. This phase is particularly useful for adjusting open positions or initiating new trades based on emerging signals.
🔵 Settings
Show or Hide Phases.
Adjust the session times for each phase :
Accumulation: 19:00-01:00 EST
Manipulation: 01:00-07:00 EST
Distribution: 07:00-13:00 EST
Continuation or Reversal: 13:00-19:00 EST
Modify Visualization : Customize how the indicator looks by changing settings like colors and transparency.
🔵 Conclusion
AMDX provides traders with a practical method to analyze daily market behavior by dividing the trading day into four key phases: Accumulation, Manipulation, Distribution, and Continuation or Reversal. Each phase highlights specific market dynamics, offering insights into how institutional activity shapes price movements.
From the quiet buildup in the Accumulation phase to the decisive trends of the Distribution phase, and the critical transitions in Continuation or Reversal, this approach equips traders with the tools to anticipate movements and make informed decisions.
By recognizing the significance of each phase, traders can avoid common traps during Manipulation, capitalize on clear trends during Distribution, and adapt to changes in the final phase of the day.
The structured visualization of market phases simplifies decision-making for traders of all levels. By incorporating these principles into your trading strategy, you can enhance your ability to align with market trends, optimize entry and exit points, and achieve more consistent results in your trading journey.
Bull Bear Candles with Volume ProfileUser Guide for Bull Bear Candles Indicator with Keltner Channels
Author: NellyN
Introduction
This indicator helps identify potential bullish and bearish trends in the market by analyzing buying and selling volume over two configurable timeframes. It calculates the percentage of buying and selling volume and displays the current market condition based on two moving averages for 2 periods.
Key Features
• Volume Analysis : Calculates Buy and Sell Volume for two configurable timeframes (e.g., 5 min, 15 min, 15 min. and 1 hour, etc.) and displays them as percentages.
• Moving Averages : Uses one Moving Average (MA) for two different time periods to identify trends (uptrend when shorter-term MA is above longer-term MA). You can also choose other Moving Average types like SMA, EMA, WMA, RMA, VWMA, or HMA.
• Colored Candles : Candles are colored green for bullish conditions, red for bearish conditions, and gray for neutral conditions.
• Market Condition Labels : Displays labels in table-view indicating the current market condition based on Buy and Sell Volume (Very Bullish, Very Bearish, Bullish/Bearish Retracement, Chop).
• Alerts: Generates alerts for potential buy and sell signals based on indicator conditions (Note: Enable alerts in the indicator settings).
• Visual Signals: Provides visual signals through colored candles and market condition labels in addition to alerts.
Input Parameters
• Source: Close price (default) or Heikin Ashi
• Timeframe: Select the timeframe for price and volume data used in the indicator (e.g., Daily, Hourly).
• Colored Candles On: Enable (True) or disable (False) coloring candles based on market conditions.
• Enable Alerts: Enable (True) or disable (False) alerts for buy/sell signals.
• Length of MA: Sets the length for the MAs used in trend identification (minimum 1).
• Lookback Period Vol. 1 & 2: Define the timeframes used to calculate buying and selling volume and the MA calculation (e.g., 5 min, 15 min).
Understanding the Outputs
• Cloud Fill: The area between two MAs is filled with a color that reflects the trend (green for uptrend, red for downtrend).
• Table: Shows Buy Volume, Sell Volume, Buy Percentage, Sell Percentage, and the current Market Condition Labels. (If you decide to see them uncomment them from the code simply removing the // in front of the code)
• Colored Candles and Market Condition Labels: Look for green candles and bullish labels for potential buying opportunities, and vice versa for red candles and bearish labels.
Bullish green label appears when short-term MA is above long-term MA AND Buy Volume percentage is greater than 50%.
Red cross for exiting long entry appears when we have bearish volume OR bearish crossover of the MA for the 2 periods.
Bearish red label appears when short-term MA is below long-term MA AND Buy Volume percentage is less than 50%.
Green cross for exiting short entry appears when we have bullish volume OR bullish crossover of the MA for the 2 periods.
• Bullish/Bearish Retracement: The moving averages indicate a potential trend reversal, while the Buy Volume percentage suggests a continuation of the prior trend. The candle color may be green, red, or gray depending on the current price position relative to the moving averages.
• Chop (Gray Candle): The moving averages are flat and the Buy Volume percentage is not significantly above or below 50%.
• Buy/Sell Alerts: The indicator generates alerts based on specific conditions, but these should be used in conjunction with other trading strategies and careful risk management.
Important Notes
• This indicator is for informational purposes only and should not be considered financial advice. Back-test the indicator with historical data to understand its performance before using it for live trading.
• Combine this indicator with other technical analysis tools.
Power Of 3 ICT 01 [TradingFinder] AMD ICT & SMC Accumulations🔵 Introduction
The ICT Power of 3 (PO3) strategy, developed by Michael J. Huddleston, known as the Inner Circle Trader, is a structured approach to analyzing daily market activity. This strategy divides the trading day into three distinct phases: Accumulation, Manipulation, and Distribution.
Each phase represents a unique market behavior influenced by institutional traders, offering a clear framework for retail traders to align their strategies with market movements.
Accumulation (19:00 - 01:00 EST) takes place during low-volatility hours, as institutional traders accumulate orders. Manipulation (01:00 - 07:00 EST) involves false breakouts and liquidity traps designed to mislead retail traders. Finally, Distribution (07:00 - 13:00 EST) represents the active phase where significant market movements occur as institutions distribute their positions in line with the broader trend.
This indicator is built upon the Power of 3 principles to provide traders with a practical and visual tool for identifying these key phases. By using clear color coding and precise time zones, the indicator highlights critical price levels, such as highs and lows, helping traders to better understand market dynamics and make more informed trading decisions.
Incorporating the ICT AMD setup into daily analysis enables traders to anticipate market behavior, spot high-probability trade setups, and gain deeper insights into institutional trading strategies. With its focus on time-based price action, this indicator simplifies complex market structures, offering an effective tool for traders of all levels.
🔵 How to Use
The ICT Power of 3 (PO3) indicator is designed to help traders analyze daily market movements by visually identifying the three key phases: Accumulation, Manipulation, and Distribution.
Here's how traders can effectively use the indicator :
🟣 Accumulation Phase (19:00 - 01:00 EST)
Purpose : Identify the range-bound activity where institutional players accumulate orders.
Trading Insight : Avoid placing trades during this phase, as price movements are typically limited. Instead, use this time to prepare for the potential direction of the market in the next phases.
🟣 Manipulation Phase (01:00 - 07:00 EST)
Purpose : Spot false breakouts and liquidity traps that mislead retail traders.
Trading Insight : Observe the market for price spikes beyond key support or resistance levels. These moves often reverse quickly, offering high-probability entry points in the opposite direction of the initial breakout.
🟣 Distribution Phase (07:00 - 13:00 EST)
Purpose : Detect the main price movement of the day, driven by institutional distribution.
Trading Insight : Enter trades in the direction of the trend established during this phase. Look for confirmations such as breakouts or strong directional moves that align with broader market sentiment
🔵 Settings
Show or Hide Phases :mDecide whether to display Accumulation, Manipulation, or Distribution.
Adjust the session times for each phase :
Accumulation: 1900-0100 EST
Manipulation: 0100-0700 EST
Distribution: 0700-1300 EST
Modify Visualization : Customize how the indicator looks by changing settings like colors and transparency.
🔵 Conclusion
The ICT Power of 3 (PO3) indicator is a powerful tool for traders seeking to understand and leverage market structure based on time and price dynamics. By visually highlighting the three key phases—Accumulation, Manipulation, and Distribution—this indicator simplifies the complex movements of institutional trading strategies.
With its customizable settings and clear representation of market behavior, the indicator is suitable for traders at all levels, helping them anticipate market trends and make more informed decisions.
Whether you're identifying entry points in the Accumulation phase, navigating false moves during Manipulation, or capitalizing on trends in the Distribution phase, this tool provides valuable insights to enhance your trading performance.
By integrating this indicator into your analysis, you can better align your strategies with institutional movements and improve your overall trading outcomes.
B-Xtrender Simplified-BUY/SELL print Thanks to @puppytherapy for creating the original B-Xtrender indicator, available at this link: B-Xtrender by Puppytherapy.
This is a modified version of the original script, which now includes Buy and Sell arrows directly plotted on the chart for clear entry signals. The core logic of the indicator remains intact, with enhancements for simplicity and usability.
Overview:
The B-Xtrender Simplified indicator is a trend-following tool designed to identify potential buy and sell opportunities based on momentum and trend confluence. It combines short-term and long-term RSI-based oscillators with exponential moving averages to detect trend shifts and provide clear, actionable signals on the chart.
This simplified version focuses on clean visuals and provides buy and sell signals using arrows, ensuring an uncluttered chart. The indicator is suitable for traders who want a straightforward tool to assist with entry signals in trending markets.
Key Components:
Short-Term Oscillator:
Measures short-term momentum using the RSI of the difference between two EMAs (Short - L1 and Short - L2).
Provides early signals for trend reversals and momentum shifts.
Long-Term Oscillator:
Evaluates broader trend strength using the RSI of a single EMA (Long - L1).
Acts as a filter to ensure signals align with the overall market trend.
Smoothed Oscillator (T3):
Applies a smoothing algorithm to the short-term oscillator to reduce noise.
Ensures the signals are more reliable and less prone to false alarms.
How It Works:
Buy Signal (Green Arrow Below Candles):
Triggered when:
The short-term oscillator is above 0 (indicating upward momentum).
The smoothed short-term oscillator (maShortTermXtrender) is rising (momentum confirmation).
The long-term oscillator is above 0 (trend confirmation).
Sell Signal (Red Arrow Above Candles):
Triggered when:
The short-term oscillator is below 0 (indicating downward momentum).
The smoothed short-term oscillator (maShortTermXtrender) is falling (momentum confirmation).
The long-term oscillator is below 0 (trend confirmation).
Alerts:
Buy and sell signals generate alerts for traders to take immediate action when conditions are met.
Customization Options:
Short-Term Parameters:
Short - L1, Short - L2, Short - L3 control the responsiveness of the short-term oscillator.
Long-Term Parameters:
Long - L1, Long - L2 adjust the sensitivity of the long-term trend filter.
Default values ensure the indicator works effectively in most market conditions, but they can be fine-tuned for specific instruments or timeframes.
Strengths:
Clarity: Uses clean buy/sell arrows for visual simplicity.
Confluence-Based: Ensures alignment between short-term momentum and long-term trend before signaling.
Real-Time Alerts: Alerts for both buy and sell signals allow for timely decision-making.
Usage Tips:
Confirm Trend:
Use the indicator on a higher timeframe (e.g., 1-hour or daily) to confirm the overall trend direction.
Combine with Other Tools:
Enhance accuracy by combining the indicator with support/resistance levels, volume analysis, or other technical indicators.
Risk Management:
Always use stop-loss orders to protect against adverse market movements.
Maintain a risk-to-reward ratio of at least 1:2.
Ideal For:
Traders seeking clear and straightforward entry signals.
Trend-following strategies in liquid markets.
Beginners who want an easy-to-interpret tool for identifying momentum-based trades.
This simplified version of the B-Xtrender retains the original power of the indicator while focusing on clean visuals and actionable signals for trend-following traders.
Multi-Symbol Scanner: Advanced EMA-RSI-Volume Strategy# Multi-Symbol Tech Stock Scanner: Advanced EMA-RSI-Volume Strategy
## Technical Analysis Methodology
This scanner implements a sophisticated multi-timeframe analysis approach combining three key technical elements:
### 1. Dual EMA System (Primary Trend Detection)
- **Long-term EMA (820 periods)**: Acts as the primary trend identifier
- Chosen specifically for tech stocks' longer-term price waves
- Helps filter out minor market noise while capturing major trend changes
- 820 periods approximately represents 3.2 years of trading days
- **Medium-term EMA (320 periods)**: Serves as trend confirmation
- Approximately 1.25 years of trading data
- Provides earlier entry signals while maintaining trend reliability
- Helps identify potential trend reversals before the major trend shift
### 2. Volume Analysis Component
The script employs a dynamic volume analysis system:
- Calculates 20-period moving average of volume as baseline
- Requires 1.5x surge above baseline for signal confirmation
- Volume surge requirement helps filter out weak moves and potential false breakouts
- Different from standard volume indicators as it uses adaptive thresholds
### 3. RSI Momentum Filter
Implements a specialized RSI configuration:
- 14-period RSI with dynamic overbought/oversold levels
- Oversold threshold: 30 (customizable)
- Overbought threshold: 70 (customizable)
- Used as a confirmation tool rather than primary signal generator
## Signal Generation Logic
### Buy Signal Requirements
1. Price must cross above 820 EMA (PRIMARY CONDITION)
2. Current price must be above 320 EMA (CONFIRMATION)
3. RSI must be above 30 but below 70 (MOMENTUM CHECK)
4. Volume must be 1.5x above 20-period average (STRENGTH VALIDATION)
### Sell Signal Requirements
1. Price must cross below 820 EMA (PRIMARY CONDITION)
2. Current price must be below 320 EMA (CONFIRMATION)
3. RSI must be above 30 but below 70 (MOMENTUM CHECK)
4. Volume must be 1.5x above 20-period average (STRENGTH VALIDATION)
## Risk Management Integration
The script automatically calculates key risk levels based on volatility:
1. **Stop Loss Calculation**:
- Default: 2% below entry for buys
- Dynamically adjusted based on price point
- Can be modified through input parameters
2. **Take Profit Targets**:
- Primary target: 6% above entry (3:1 reward-risk ratio)
- Based on historical tech stock movement patterns
- Adjustable through input parameters
## Multi-Symbol Implementation
The scanner monitors 6 symbols simultaneously using:
- Separate security calls for each data point
- Optimized data requests to prevent overload
- Individual signal processing for each symbol
- Synchronized alert generation system
## Technical Implementation Details
1. **Data Processing**:
```
- Security data requests on 10-minute timeframe
- Individual EMA calculations per symbol
- Separate volume analysis threads
- RSI calculations with standard deviation normalization
```
2. **Signal Processing**:
```
- Cross-verification of all conditions
- Time-based signal validation
- Volume surge confirmation
- Trend alignment check
```
3. **Alert System**:
```
- Bar-close confirmation required
- Multi-condition validation
- Detailed price level inclusion
- Risk parameter integration
```
## Optimization Features
1. **Memory Usage**:
- Optimized security calls
- Efficient data structure
- Reduced redundant calculations
2. **Processing Efficiency**:
- Single-pass data analysis
- Combined indicator calculations
- Streamlined alert generation
## Practical Application
The system is designed for:
1. Swing Trading (primary use)
2. Position Trading (secondary use)
3. Technical Breakout Trading
Optimal timeframes:
- Primary: 4H charts
- Secondary: Daily charts
- Verification: 1H charts
## Default Configuration
The scanner is preset to monitor key tech stocks:
- TSLA: High-volatility tech leader
- NVDA: Semiconductor sector benchmark
- AVGO: Stable tech infrastructure
- TSM: Global chip manufacturer
- META: Social media sector leader
- AMZN: E-commerce/Cloud computing leader
Each symbol can be modified through input parameters.
## Version Information
- Current Version: 1.3
- Last Updated: November 2024
- Compatibility: TradingView Pro/Pro+/Premium
## Limitations & Considerations
- Limited to 6 symbols due to TradingView security request limits
- Requires consistent market volume for optimal performance
- Best suited for liquid stocks with significant daily volume
- May need parameter adjustments during extreme market conditions
RSI-EMA Signal by stock shooter## Strategy Description: 200 EMA Crossover with RSI, Green/Red Candles, Volume, and Exit Conditions
This strategy combines several technical indicators to identify potential long and short entry opportunities in a trading instrument. Here's a breakdown of its components:
1. 200-period Exponential Moving Average (EMA):
* The 200-period EMA acts as a long-term trend indicator.
* The strategy looks for entries when the price is above (long) or below (short) the 200 EMA.
2. Relative Strength Index (RSI):
* The RSI measures the momentum of price movements and helps identify overbought and oversold conditions.
* The strategy looks for entries when the RSI is below 40 (oversold) for long positions and above 60 (overbought) for short positions.
3. Green/Red Candles:
* This indicator filters out potential entries based on the current candle's closing price relative to its opening price.
* The strategy only considers long entries on green candles (closing price higher than opening) and short entries on red candles (closing price lower than opening).
4. Volume:
* This indicator adds a volume filter to the entry conditions.
* The strategy only considers entries when the current candle's volume is higher than the average volume of the previous 20 candles, aiming for stronger signals.
Overall:
This strategy aims to capture long opportunities during potential uptrends and short opportunities during downtrends, based on a combination of price action, momentum, and volume confirmation.
Important Notes:
Backtesting is crucial to evaluate the historical performance of this strategy before deploying it with real capital.
Consider incorporating additional risk management techniques like stop-loss orders.
This strategy is just a starting point and can be further customized based on your trading goals and risk tolerance.
Direction Coefficient Indicator# Direction Coefficient Indicator with Advanced Volume & Volatility Adjustments
The Direction Coefficient Indicator represents an advanced technical analysis tool that combines price momentum analysis with sophisticated volume and volatility adjustments. This versatile indicator measures market direction while adapting to various trading conditions, making it valuable for both trend following and momentum trading strategies.
At its core, the indicator employs a unique approach to price analysis by establishing a dynamic reference period for calculations. It processes price data through an EMA smoothing mechanism to reduce market noise and presents results as percentage-based measurements, ensuring universal applicability across different markets and timeframes.
One of the indicator's standout features is its volume integration system. When enabled, this system implements volume-weighted calculations that provide enhanced accuracy during significant market moves while effectively reducing false signals during low-volume periods. This volume weighting mechanism proves particularly valuable in highly liquid markets where volume plays a crucial role in price movement validation.
The volatility adjustment feature sets this indicator apart from traditional momentum tools. By incorporating smart volatility normalization, the indicator adapts seamlessly to changing market conditions. This adjustment helps maintain consistent signals across different volatility regimes, preventing excessive noise during highly volatile periods while remaining sensitive enough during calmer market phases.
Direction change detection forms another crucial component of the indicator. The system continuously monitors momentum shifts and provides early warning signals for potential trend reversals. This feature helps traders avoid late exits from positions and offers valuable insights for potential market turning points. When the indicator detects significant changes in momentum, it displays a warning symbol (⚠) alongside its regular signals.
The visual presentation of the indicator utilizes an intuitive color-coded system. Green labels indicate positive momentum, while red labels signify negative momentum. The display system includes customizable label sizes and positions, allowing traders to adapt the visual elements to their specific chart setup and preferences. Label distance from candles, color schemes, and reference lines can all be adjusted to create an optimal visual experience.
For practical application, the indicator offers several parameter settings that traders can adjust. The time period parameters include adjustable lookback periods and EMA length, while advanced calculation options allow for enabling or disabling volume weighting and volatility adjustment features. These parameters can be fine-tuned based on specific trading timeframes and market conditions.
In trend following scenarios, traders can use the coefficient direction for trend confirmation while monitoring warning signals for potential exits. The volume weighting feature adds another layer of confirmation for trend strength. For momentum trading, strong coefficient readings can signal entry points, while warning signals help identify potential exit timing.
Risk management becomes more systematic with this indicator. Warning signals can guide stop loss placement, while the volatility adjustment feature assists in position sizing decisions. The volume weighting component helps traders evaluate the significance of price moves, contributing to more informed entry timing decisions.
The indicator performs optimally when traders start with default settings and gradually adjust parameters based on their specific needs. For longer-term trades, increasing the lookback period often provides more stable signals. In highly liquid markets, enabling volume weighting can enhance signal quality. The volatility adjustment feature proves particularly valuable during unstable market conditions.
The Direction Coefficient Indicator stands as a comprehensive solution for traders seeking a sophisticated yet practical approach to market analysis. By combining multiple analytical components into a single, customizable tool, it provides valuable insights while remaining accessible to traders of various experience levels.
For optimal results, traders should consider using this indicator in conjunction with other technical analysis tools while paying attention to its warning signals and volume-weighted insights. Regular parameter adjustment based on changing market conditions and specific trading styles will help maximize the indicator's effectiveness in various trading scenarios.
Indicateur de Coefficient Directeur
L'Indicateur de Coefficient Directeur représente un outil d'analyse technique avancé qui combine l'analyse de momentum des prix avec des ajustements sophistiqués de volume et de volatilité. Cet indicateur polyvalent mesure la direction du marché tout en s'adaptant à diverses conditions de trading, le rendant précieux tant pour le suivi de tendance que pour les stratégies de trading momentum.
À sa base, l'indicateur emploie une approche unique de l'analyse des prix en établissant une période de référence dynamique pour les calculs. Il traite les données de prix à travers un mécanisme de lissage EMA pour réduire le bruit du marché et présente les résultats sous forme de mesures en pourcentage, assurant une applicabilité universelle à travers différents marchés et temporalités.
L'une des caractéristiques distinctives de l'indicateur est son système d'intégration du volume. Lorsqu'il est activé, ce système met en œuvre des calculs pondérés par le volume qui fournissent une précision accrue pendant les mouvements significatifs du marché tout en réduisant efficacement les faux signaux pendant les périodes de faible volume. Ce mécanisme de pondération du volume s'avère particulièrement valuable dans les marchés très liquides où le volume joue un rôle crucial dans la validation des mouvements de prix.
La fonction d'ajustement de la volatilité distingue cet indicateur des outils de momentum traditionnels. En incorporant une normalisation intelligente de la volatilité, l'indicateur s'adapte parfaitement aux conditions changeantes du marché. Cet ajustement aide à maintenir des signaux cohérents à travers différents régimes de volatilité, empêchant le bruit excessif pendant les périodes très volatiles tout en restant suffisamment sensible pendant les phases de marché plus calmes.
La détection des changements de direction forme une autre composante cruciale de l'indicateur. Le système surveille continuellement les changements de momentum et fournit des signaux d'avertissement précoces pour les potentiels renversements de tendance. Cette fonctionnalité aide les traders à éviter les sorties tardives des positions et offre des aperçus précieux des potentiels points de retournement du marché. Lorsque l'indicateur détecte des changements significatifs de momentum, il affiche un symbole d'avertissement (⚠) à côté de ses signaux réguliers.
La présentation visuelle de l'indicateur utilise un système intuitif codé par couleurs. Les étiquettes vertes indiquent un momentum positif, tandis que les étiquettes rouges signifient un momentum négatif. Le système d'affichage inclut des tailles et positions d'étiquettes personnalisables, permettant aux traders d'adapter les éléments visuels à leur configuration spécifique de graphique et leurs préférences. La distance des étiquettes par rapport aux bougies, les schémas de couleurs et les lignes de référence peuvent tous être ajustés pour créer une expérience visuelle optimale.
Pour l'application pratique, l'indicateur offre plusieurs paramètres de réglage que les traders peuvent ajuster. Les paramètres de période temporelle incluent des périodes de référence ajustables et la longueur de l'EMA, tandis que les options de calcul avancées permettent d'activer ou de désactiver les fonctionnalités de pondération du volume et d'ajustement de la volatilité. Ces paramètres peuvent être affinés en fonction des temporalités de trading spécifiques et des conditions de marché.
Dans les scénarios de suivi de tendance, les traders peuvent utiliser la direction du coefficient pour la confirmation de tendance tout en surveillant les signaux d'avertissement pour les sorties potentielles. La fonction de pondération du volume ajoute une couche supplémentaire de confirmation pour la force de la tendance. Pour le trading momentum, des lectures fortes du coefficient peuvent signaler des points d'entrée, tandis que les signaux d'avertissement aident à identifier le timing potentiel de sortie.
La gestion du risque devient plus systématique avec cet indicateur. Les signaux d'avertissement peuvent guider le placement des stops loss, tandis que la fonction d'ajustement de la volatilité aide aux décisions de dimensionnement des positions. La composante de pondération du volume aide les traders à évaluer l'importance des mouvements de prix, contribuant à des décisions de timing d'entrée plus éclairées.
L'indicateur fonctionne de manière optimale lorsque les traders commencent avec les paramètres par défaut et ajustent progressivement les paramètres en fonction de leurs besoins spécifiques. Pour les trades à plus long terme, l'augmentation de la période de référence fournit souvent des signaux plus stables. Dans les marchés très liquides, l'activation de la pondération du volume peut améliorer la qualité des signaux. La fonction d'ajustement de la volatilité s'avère particulièrement précieuse pendant les conditions de marché instables.
L'Indicateur de Coefficient Directeur s'impose comme une solution complète pour les traders recherchant une approche sophistiquée mais pratique de l'analyse de marché. En combinant plusieurs composantes analytiques en un seul outil personnalisable, il fournit des aperçus précieux tout en restant accessible aux traders de différents niveaux d'expérience.
Pour des résultats optimaux, les traders devraient envisager d'utiliser cet indicateur en conjonction avec d'autres outils d'analyse technique tout en prêtant attention à ses signaux d'avertissement et ses aperçus pondérés par le volume. L'ajustement régulier des paramètres basé sur les conditions changeantes du marché et les styles de trading spécifiques aidera à maximiser l'efficacité de l'indicateur dans divers scénarios de trading.
Custom V2 KillZone US / FVG / EMAThis indicator is designed for traders looking to analyze liquidity levels, opportunity zones, and the underlying trend across different trading sessions. Inspired by the ICT methodology, this tool combines analysis of Exponential Moving Averages (EMA), session management, and Fair Value Gap (FVG) detection to provide a structured and disciplined approach to trading effectively.
Indicator Features
Identifying the Underlying Trend with Two EMAs
The indicator uses two EMAs on different, customizable timeframes to define the underlying trend:
EMA1 (default set to a daily timeframe): Represents the primary underlying trend.
EMA2 (default set to a 4-hour timeframe): Helps identify secondary corrections or impulses within the main trend.
These two EMAs allow traders to stay aligned with the market trend by prioritizing trades in the direction of the moving averages. For example, if prices are above both EMAs, the trend is bullish, and long trades are favored.
Analysis of Market Sessions
The indicator divides the day into key trading sessions:
Asian Session
London Session
US Pre-Open Session
Liquidity Kill Session
US Kill Zone Session
Each session is represented by high and low zones as well as mid-lines, allowing traders to visualize liquidity levels reached during these periods. Tracking the price levels in different sessions helps determine whether liquidity levels have been "swept" (taken) or not, which is essential for ICT methodology.
Liquidity Signal ("OK" or "STOP")
A specific signal appears at the end of the "Liquidity Kill" session (just before the "US Kill Zone" session):
"OK" Signal: Indicates that liquidity conditions are favorable for trading the "US Kill Zone" session. This means that liquidity levels have been swept in previous sessions (Asian, London, US Pre-Open), and the market is ready for an opportunity.
"STOP" Signal: Indicates that it is not favorable to trade the "US Kill Zone" session, as certain liquidity conditions have not been met.
The "OK" or "STOP" signal is based on an analysis of the high and low levels from previous sessions, allowing traders to ensure that significant liquidity zones have been reached before considering positions in the "Kill Zone".
Detection of Fair Value Gaps (FVG) in the US Kill Zone Session
When an "OK" signal is displayed, the indicator identifies Fair Value Gaps (FVG) during the "US Kill Zone" session. These FVGs are areas where price may return to fill an "imbalance" in the market, making them potential entry points.
Bullish FVG: Detected when there is a bullish imbalance, providing a buying opportunity if conditions align with the underlying trend.
Bearish FVG: Detected when there is a bearish imbalance, providing a selling opportunity in the trend direction.
FVG detection aligns with the ICT Silver Bullet methodology, where these imbalance zones serve as probable entry points during the "US Kill Zone".
How to Use This Indicator
Check the Underlying Trend
Before trading, observe the two EMAs (daily and 4-hour) to understand the general market trend. Trades will be prioritized in the direction indicated by these EMAs.
Monitor Liquidity Signals After the Asian, London, and US Pre-Open Sessions
The high and low levels of each session help determine if liquidity has already been swept in these areas. At the end of the "Liquidity Kill" session, an "OK" or "STOP" label will appear:
"OK" means you can look for trading opportunities in the "US Kill Zone" session.
"STOP" means it is preferable not to take trades in the "US Kill Zone" session.
Look for Opportunities in the US Kill Zone if the Signal is "OK"
When the "OK" label is present, focus on the "US Kill Zone" session. Use the Fair Value Gaps (FVG) as potential entry points for trades based on the ICT methodology. The identified FVGs will appear as colored boxes (bullish or bearish) during this session.
Use ICT Methodology to Manage Your Trades
Follow the FVGs as potential reversal zones in the direction of the trend, and manage your positions according to your personal strategy and the rules of the ICT Silver Bullet method.
Customizable Settings
The indicator includes several customization options to suit the trader's preferences:
EMA: Length, source (close, open, etc.), and timeframe.
Market Sessions: Ability to enable or disable each session, with color and line width settings.
Liquidity Signals: Customization of colors for the "OK" and "STOP" labels.
FVG: Option to display FVGs or not, with customizable colors for bullish and bearish FVGs, and the number of bars for FVG extension.
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Cet indicateur est conçu pour les traders souhaitant analyser les niveaux de liquidité, les zones d’opportunité, et la tendance de fond à travers différentes sessions de trading. Inspiré de la méthodologie ICT, cet outil combine l'analyse des moyennes mobiles exponentielles (EMA), la gestion des sessions de marché, et la détection des Fair Value Gaps (FVG), afin de fournir une approche structurée et disciplinée pour trader efficacement.
Moving Average ADX with Alerts# Moving Average ADX (MA ADX) Indicator
## Overview
The Moving Average ADX combines a weighted moving average (WMA) with ADX (Average Directional Index) momentum to create a dynamic, trend-following indicator. The indicator's line changes color based on the ADX strength and directional movement, helping traders identify strong trends and potential reversals.
## Key Features
- Color-changing WMA line based on ADX strength and direction
- Built-in alerts for trend changes
- Customizable ADX and moving average parameters
- Overlay indicator that plots directly on the price chart
## Color Signals
- **Green Line**: Strong bullish trend (ADX > threshold with +DI > -DI)
- **Red Line**: Strong bearish trend (ADX > threshold with -DI > +DI)
- **Black Line**: Weak or no trend (ADX < threshold)
## Parameters
- **DI Length**: Period for calculating Directional Movement (default: 14)
- **ADX Smoothing**: Smoothing period for ADX calculation (default: 14)
- **ADX MA Active**: Threshold for ADX to consider a trend strong (default: 18)
- **Length**: Period for the Weighted Moving Average (default: 34)
- **Source**: Price source for calculations (default: close)
## Trading Applications
1. **Trend Identification**
- Green line suggests riding bullish trends
- Red line suggests riding bearish trends
- Black line suggests ranging or weak trend conditions
2. **Entry Signals**
- Color changes from black to green: Potential bullish entry
- Color changes from black to red: Potential bearish entry
3. **Exit Signals**
- Color changes from green to black or red: Consider exiting longs
- Color changes from red to black or green: Consider exiting shorts
## Alert Functions
The indicator includes two built-in alerts:
1. Bullish Signal: Triggers when the indicator turns bullish (green)
2. Bearish Signal: Triggers when the indicator turns bearish (red)
## Best Practices
- Use in conjunction with other technical analysis tools
- Consider the overall market context
- Wait for confirmation of color changes before taking action
- Use appropriate position sizing and risk management
Customizable Multi-Timeframe Doji with Ray and Editable LabelScript Overview
Script Name: Customizable Multi-Timeframe Doji Candle Levels with Ray and Editable Label
Purpose: This script helps traders identify significant price levels based on high timeframe Doji candles, allowing them to visualize key areas of support, resistance, entry, and exit. By plotting real-time Doji levels from higher timeframes directly on the current chart, traders can easily spot areas where market indecision or potential trend reversals have previously occurred, making these levels highly relevant for future price action.
How the Script Works
This script detects Doji candles on a selected higher timeframe (e.g., daily, weekly, monthly) and plots a ray at the Doji’s closing level on the current chart. The Doji candle formation, characterized by an open and close that are very close or equal, is often an indicator of market indecision. By identifying these Doji levels from high timeframes, the script provides traders with insight into where strong support and resistance zones may form.
The script continuously monitors and updates the Doji level based on the selected timeframe, ensuring that only the latest detected Doji candle is displayed on the chart, helping traders avoid clutter and focus on the most recent data.
Core Components and Calculations
1 Doji Detection Logic:
-The script calculates the Doji candle formation based on a small body percentage (defined by the C_DojiBodyPercent parameter) and relative symmetry in upper and lower shadows (defined by C_ShadowPercent and C_ShadowEqualsPercent).
-A Doji is considered valid when the open and close prices are nearly equal, and the shadows are symmetric within the defined parameters, indicating indecision.
2 Multi-Timeframe Data Retrieval:
-Using the request.security() function, the script fetches open, high, low, and close prices from the specified higher timeframe. It applies Doji detection logic to this higher timeframe data.
-barmerge.lookahead_on and barmerge.gaps_on ensure real-time updates, so the Doji level is immediately reflected on the chart when detected.
3 Ray and Label Plotting:
-When a Doji candle is detected on the selected timeframe, the script plots a ray at the Doji's close price, extending forward on the chart.
-Customizable options for the ray, including color, width, and style (solid, dotted, or dashed), help traders visually differentiate the Doji levels from other chart elements.
-An editable label can be positioned alongside the ray to denote the Doji level, with customizable text, color, background, and size to provide additional context.
4 Automatic Line and Label Management:
-The script dynamically deletes any previous ray and label when a new Doji is detected. This approach minimizes chart clutter and ensures that only the most recent Doji level from the higher timeframe is displayed.
Customization Options
1 Timeframe Selection:
Users can choose any timeframe (e.g., hourly, daily, weekly, monthly) to display Doji levels based on their specific trading strategy.
2 Ray and Label Appearance:
Ray: Customize color, width, and line style (solid, dotted, dashed) for better visibility and integration with the chart’s theme.
Label: Customize the label text, background color, text color, text size, and position (above, below, left, or right of the ray) for a personalized view.
How to Use This Script
1 Select the Target Timeframe for Doji Detection: Choose a high timeframe (such as daily or weekly) to view Doji-based support/resistance levels.
2 Set Custom Ray and Label Parameters : Adjust the visual aspects of the ray and label to align with your chart setup and make the Doji level stand out.
3 Interpretation of Doji Levels: Use the plotted Doji levels as potential support or resistance zones. Since Doji candles reflect market indecision, they often precede significant price reversals or strong continuation moves. By analyzing these levels, traders can:
- Identify key support/resistance zones based on historical market indecision.
- Set entry and exit levels around these zones to capitalize on potential reversals or
continuations.
-Spot confluence areas where the Doji level aligns with other indicators or technical patterns.
Recommended Chart Setup
For optimal clarity, use this script on a clean chart, free from overlapping indicators. This script is designed to work independently, so avoid layering multiple support/resistance scripts unless essential to avoid clutter. A clean chart helps ensure that Doji levels are readily visible, enabling a clear focus on significant levels relevant to your trading strategy.
Optimus trader Optimus Trader
Indicator Description:
The Optimus Trader indicator is designed for technical traders looking for entry and exit points in financial markets. It combines signals based on volume, moving averages, VWAP (Volume Weighted Average Price), as well as the recognition of candlestick patterns such as Pin Bar and Inside Bars. This indicator helps identify opportune moments to buy or sell based on trends, volumes, and recent liquidity zones.
Parameters and Features:
1. Simple Moving Average (MA) and VWAP:
- Optimus Trader uses a 50-period simple moving average to determine the underlying trend. It also includes VWAP for precise price analysis based on traded volumes.
- These two indicators help identify whether the market is in an uptrend or downtrend, enhancing the reliability of buy and sell signals.
2. Volume :
- To avoid false signals, a volume threshold is set using a 20-period moving average, adjusted to 1.2 times the average volume. This filters signals by considering only high-volume periods, indicating heightened market interest.
3. Candlestick Pattern Recognition:
- Pin Bar: This sought-after candlestick pattern is detected for both bullish and bearish setups. A bullish or bearish *Pin Bar* often signals a possible reversal or continuation.
- *Inside Bar*: This price compression pattern is also detected, indicating a zone of indecision before a potential movement.
4. Trend:
- An uptrend is confirmed when the price is above the MA and VWAP, while a downtrend is identified when the price is below both indicators.
5. Liquidity Zones:
- Optimus Trader includes an approximate liquidity zone detection feature. By identifying recent support and resistance levels, the indicator detects if the price is near these zones. This feature strengthens the relevance of buy or sell signals.
6. Buy and Sell Signals:
- Buy: A buy signal is generated when the indicator detects a bullish *Pin Bar* or *Inside Bar* in an uptrend with high volume, and the price is close to a liquidity zone.
- Sell: A sell signal is generated when a bearish *Pin Bar* or *Inside Bar* is detected in a downtrend with high volume, and the price is near a liquidity zone.
Signal Display:
The signals are visible directly on the chart:
- A "BUY" label in green is displayed below the bar for buy signals.
- A "SELL" label in red is displayed above the bar for sell signals.
Summary:
This indicator is intended for traders seeking precise entry and exit points by integrating trend analysis, volume, and candlestick patterns. With liquidity zones, *Optimus Trader* helps minimize false signals, providing clear and accurate alerts.
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This description can be directly added to TradingView to help users quickly understand the features and logic of this indicator.
ORB with ATR Trailing SL [Bluechip Algos]This is a simple ORB (Opening Range Breakout) Indicator that not only signals breakout directions based on the opening session range but also includes trailing stop levels to manage ongoing trades. Instead of regular fixed Stop loss, we use ATR indicator (ATR based SL) to trail the stop loss that might help in maximizing the profitable trades. This helps especially during the trending days where market moves unidirectionally.
About the Indicator
Opening Range Identification: The indicator defines an initial session timeframe and captures the highest and lowest prices during this period.
Breakout Signals: It signals potential entry points when the price crosses these range boundaries.
Trailing Stop Calculation: Customizable trailing stop-loss based on ATR percentage, helping users lock in profits.
Features
Session Customization: User-defined session for setting the opening range.
Entry Signal Customization: Allows configuration for breakouts on either a closing basis or upon touching the level.
Automatic Stop-Loss Adjustments: Dynamic trailing stop levels that adapt to both long and short entries.
Visual Display: Highlights breakout levels and plots lines representing stop-loss levels.
Understanding the Indicator
Range Calculation: After defining the session, the high and low of the session are locked. The high serves as the upper breakout boundary, and the low as the lower boundary.
Signals (Buy and Sell): The indicator uses crossover conditions:
Buy Signal ("B") when price crosses above the ORB high.
Sell Signal ("S") when price crosses below the ORB low.
Trail Stop Calculation: When a signal is triggered, a trailing stop level is set and updates as the trade progresses:
Long positions have a stop-loss based on a percentage below the last closing price.
Short positions have a stop-loss based on a percentage above the last closing price.
Input Parameters
Session Time (ORB Session Time): Start and end times for setting the ORB range.
Signal Configuration: Choice between "CLOSE" (signal on close) or "TOUCH" (signal as soon as level is touched).
ATR Percentage: Sets the percentage for the trailing stop calculation.
ATT Model with Buy/Sell SignalsIndicator Summary
This indicator is based on the ATT (Arithmetic Time Theory) model, using specific turning points derived from the ATT sequence (3, 11, 17, 29, 41, 47, 53, 59) to identify potential market reversals. It also integrates the RSI (Relative Strength Index) to confirm overbought and oversold conditions, triggering buy and sell signals when conditions align with the ATT sequence and RSI level.
Turning Points: Detected based on the ATT sequence applied to bar count. This suggests high-probability areas where the market could turn.
RSI Filter: Adds strength to the signals by ensuring buy signals occur when RSI is oversold (<30) and sell signals when RSI is overbought (>70).
Max Signals Per Session: Limits signals to two per session to reduce over-trading.
Entry Criteria
Buy Signal: Enter a buy trade if:
The indicator displays a green "BUY" marker.
RSI is below the oversold level (default <30), suggesting a potential upward reversal.
Sell Signal: Enter a sell trade if:
The indicator displays a red "SELL" marker.
RSI is above the overbought level (default >70), indicating a potential downward reversal.
Exit Criteria
Take Profit (TP):
Define TP as a fixed percentage or point value based on the asset's volatility. For example, set TP at 1.5-2x the risk, or a predefined point target (like 50-100 points).
Alternatively, exit the position when price approaches a key support/resistance level or the next significant swing high/low.
Stop Loss (SL):
Place the SL below the recent low (for buys) or above the recent high (for sells).
Set a fixed SL in points or percentage based on the asset’s average movement range, like an ATR-based stop, or limit it to a specific risk amount per trade (1-2% of account).
Trailing into Profit
Use a trailing strategy to lock in profits and let winning trades run further. Two main options:
ATR Trailing Stop:
Set the trailing stop based on the ATR (Average True Range), adjusting every time a new candle closes. This can help in volatile markets by keeping the stop at a consistent distance based on recent price movement.
Break-Even and Partial Profits:
When the price moves in your favor by a set amount (e.g., 1:1 risk/reward), move SL to the entry (break-even).
Take partial profit at intermediate levels (e.g., 50% at 1:1 RR) and trail the remainder.
Risk Management for Prop Firm Evaluation
Prop firms often have strict rules on daily loss limits, max drawdowns, and minimum profit targets. Here’s how to align your strategy with these:
Limit Risk per Trade:
Keep risk per trade to a conservative level (e.g., 1% or lower of your account balance). This allows for more room in case of a drawdown and aligns with most prop firm requirements.
Daily Loss Limits:
Set a daily stop-loss that ensures you don’t exceed the firm’s rules. For example, if the daily limit is 5%, stop trading once you reach a 3-4% drawdown.
Avoid Over-Trading:
Stick to the max signals per session rule (one or two trades). Taking only high-probability setups reduces emotional and reactive trades, preserving capital.
Stick to a Profit Target:
Aim to meet the evaluation’s profit goal efficiently but avoid risky or oversized trades to reach it faster.
Avoid Major Economic Events:
News events can disrupt technical setups. Avoid trading around significant releases (like FOMC or NFP) to reduce the chance of sudden losses due to high volatility.
Summary
Using this strategy with discipline, a structured entry/exit approach, and tight risk management can maximize your chances of passing a prop firm evaluation. The ATT model’s turning points, combined with the RSI, provide an edge by highlighting reversal zones, while limiting trades to 1-2 per session helps maintain controlled risk.
Sequence Waves [OmegaTools]the sequence waves indicator, developed by omegatools, is a multi-functional tool designed to detect trends, sequences, and potential reversal signals based on price movements and volume. this indicator has two main modes, "trend" and "sequence," which determine how the indicator calculates directional changes. additional enhancements in this version include reversal signals, allowing users to identify potential long and short opportunities with specific entry cues.
input parameters
mode (mode): chooses the calculation basis for directional movement.
- "trend": uses a midline calculated from the highest high and lowest low over the "trend mode length" period to assess if the price is in an upward or downward trend.
- "sequence": compares the current price to the closing price of the previous "sequence mode length" period to detect shifts in direction.
counter mode (modec): sets whether the counter increments by a fixed amount (1 or -1) or the volume of the bar, impacting the indicator’s sensitivity.
- "fixed": increments or decrements the counter by 1.
- "volume": increments or decrements based on the period’s volume, making the indicator more responsive to high-volume periods.
percentile length (lntp): defines the lookback period for calculating overbought and oversold thresholds using a percentile method. shorter lengths make ob/os levels more reactive.
sensitivity (sens): controls the percentile-based ob/os thresholds, ranging from 10 to 100. higher values narrow ob/os zones, while lower values widen them, impacting signal frequency.
trend mode length (lnt1): sets the period length for midline calculation in trend mode, defaulting to 21. longer periods smooth the midline for detecting major trends.
sequence mode length (lnt2): sets the lookback period in sequence mode, with a default of 4. shorter lengths capture more frequent directional changes, while longer lengths smooth signals.
visual colors:
- up color (upc): sets the color for upward movements.
- down color (dnc): sets the color for downward movements.
calculation logic
midline calculation: in trend mode, a midline is derived from the average of the highest high and lowest low over the "trend mode length" period, acting as a reference to detect upward or downward movements.
counter calculation:
- in trend mode, if the close price is above the midline, the counter increases (or volume if volume mode is selected). it decreases when the price is below.
- in sequence mode, the counter increases if the close is above the closing price from "sequence mode length" periods ago and decreases if below.
the counter resets to zero on direction changes, creating clear directional transitions.
overbought/oversold percentiles: separate arrays track the counter’s values each time the direction changes, creating historical up and down values. ob and os thresholds are dynamically determined based on these arrays, with sizes limited by the percentile length and sensitivity inputs.
reversal signals: two new variables, "long" and "short," detect potential reversal points when the counter crosses specific thresholds:
- long: a long signal is generated when the counter switches to positive and exceeds the down percentile.
- short: a short signal is triggered when the counter switches to negative and exceeds the up percentile.
visual and display elements
counter plot: plots the counter value on the chart with color-coded columns, making it easy to spot directional momentum.
up and down percentiles: displays overbought (up percentile) and oversold (down percentile) thresholds to identify potential reversal zones.
regime background: the background color changes based on market regime:
- bullish (up percentile > down percentile): greenish background.
- bearish (down percentile > up percentile): reddish background.
- neutral (both percentiles equal): grayish background.
reversal signals: plotted as small triangles on the chart for visual confirmation of potential long (triangle up) and short (triangle down) reversal signals.
obs background: changes color when the counter exceeds ob or os thresholds, creating a visual cue for extreme market conditions:
- overbought: background changes to a faint down color.
- oversold: background changes to a faint up color.
status table: displayed on the right side of the chart, providing real-time status information:
- status: shows "overbought," "oversold," "long," "short," or "none" based on the current counter position.
- regime: indicates whether the market is in a "bullish," "bearish," or "neutral" state based on the percentile comparison.
- percentile up/down: displays the current up and down percentiles for quick reference.
how to use the indicator
trend following: in trend mode, use the midline-based counter to gauge if the market is in an uptrend (positive counter) or downtrend (negative counter).
reversal detection: the ob/os thresholds assist in identifying potential reversal points. when the counter exceeds the up percentile, it may indicate an overbought state, suggesting a bearish reversal. similarly, dropping below the down percentile may indicate an oversold state, suggesting a bullish reversal.
entry signals: use the long and short reversal signals for potential entry points, particularly in trending or range-bound markets. these signals are indicated by up and down triangles.
sequence trading: in sequence mode, the indicator tracks shorter-term directional shifts, making it suitable for detecting smaller momentum patterns based on recent price comparisons.
volume sensitivity: selecting volume mode enhances sensitivity to high-volume moves, allowing it to detect stronger market activity in both trend and sequence modes.
the sequence waves indicator is suited to both short-term and long-term traders. it allows for detailed trend analysis, reversal detection, and dynamic ob/os signals. the inclusion of visual reversal cues makes it a flexible tool adaptable to a variety of trading strategies.
5-Minute YEN Pivot Bars 1.0The 5-Minute YEN Pivot Bars indicator is designed to identify and highlight low-range pivot bars on 5-minute charts, specifically tailored for Yen-based pairs (e.g., GBPJPY, USDJPY). By focusing on precise pip thresholds, this tool helps traders detect potential pivot points within specific trading sessions, while avoiding inside bars and other noise often seen in low-volatility conditions. This can be particularly useful for trend traders and those looking to refine their entry points based on intraday reversals.
Key Features:
- Customized Pip Thresholds for Yen Pairs:
The indicator is pre-configured for Yen pairs, where 1 pip is typically represented by 0.01. It applies these thresholds:
- Limited Range: 4 pips or less between open and close prices.
- High/Low Directionality: At least 3 pips from the close/open to the bar's high or low.
- Open/Close Proximity: 4 pips or less between open and close.
- Inside Bar Tolerance: A tolerance of 3 pips for inside bars, helping reduce false signals from bars contained within the previous bar's range.
- Session-Specific Alerts:
- The indicator allows you to enable alerts for the European Session (6:00-12:00), American Session (12:00-17:00), and London Close (17:00-20:00). You can adjust these times based on your own trading hours or timezone preferences via a time-shift setting.
- Receive real-time alerts when a valid bullish or bearish pivot bar is identified within the chosen sessions, allowing you to respond to potential trade opportunities immediately.
- Time Shift Customization:
- Adjust the "Time Shift" parameter to account for different time zones, ensuring accurate session alignment regardless of your local time.
How It Works:
1. Pivot Bar Identification:
The indicator scans for bars where the difference between the open and close is within the "Limited Range" threshold, and both open and close prices are close to either the high or the low of the bar.
2. Directional Filtering:
It requires the bar to show strong directional bias by enforcing an additional distance between the open/close levels and the opposite end of the bar (high/low). Only bars with this directional structure are considered for highlighting.
3. Exclusion of Inside Bars:
Bars that are completely contained within the range of the previous bar are excluded (inside bars), as are consecutive inside bars. This filtering is essential to avoid marking bars that typically indicate consolidation rather than potential pivot points.
4. Session Alerts:
When a valid pivot bar appears within the selected sessions, an alert is triggered, notifying the trader of a potential trading signal. Bullish and bearish signals are differentiated based on whether the close is near the high or low.
How to Use:
- Trend Reversals: Use this indicator to spot potential trend reversals or pullbacks on a 5-minute chart, especially within key trading sessions.
- Entry and Exit Points: Highlighted bars can serve as potential entry points for traders looking to capitalize on short-term directional changes or continuation patterns.
- Combine with Other Indicators: Consider pairing this tool with momentum indicators or trendlines to confirm the signals, providing a comprehensive analysis framework.
Default Parameters:
- Limited Range: 4 Pips
- High/Low Directionality: 3 Pips
- Open/Close Proximity: 4 Pips
- Inside Bar Tolerance: 3 Pips
- Session Alerts: Enabled for European, American, and London Close sessions
- Time Shift: Default 6 (adjustable to align with different time zones)
This indicator is specifically optimized for Yen pairs on 5-minute charts due to its pip calculation.
Swing Percentile Lines [QuantVue]The Swing High/Low Percentile Indicator is designed to help traders identify key price levels based on the most recent swing high and low. By anchoring to the most recent swing high and swing low, the indicator automatically generates percentile lines ( 25%, 50%, 75%) that act as dynamic support and resistance levels.
What Does the Indicator Do?
The Swing High/Low Percentile Indicator works by identifying the most recent significant price swings, whether it's a swing high or swing low. It then calculates the range between these points and divides the distance into percentage-based levels. These levels are plotted on the chart as clear, easy-to-read lines at 25%, 50%, and 75% of the range between the swing high and low.
These percentile lines serve as dynamic price zones where traders can anticipate potential reactions, whether the market is trending or consolidating.
How Can Traders Use the Indicator?
Support and Resistance: The percentile lines act as evolving support and resistance zones. Traders can anticipate price bounces or breaks at these levels, providing opportunities for trend-following or reversal trades.
Trend Identification: The indicator helps traders determine the strength of a trend. In a strong uptrend, price will likely stay above the 50% or 75% lines, while in a downtrend, it may remain below the 50% or 25% lines. This gives traders an edge in recognizing the overall market direction.
Entry and Exit Points: Traders can use the percentile lines to time their entries and exits. For example, entering a trade on a pullback to the 25% or 50% line offers a favorable risk-to-reward ratio. Similarly, the percentile lines serve as natural profit targets, allowing traders to plan exits as the price approaches the 50% or 75% levels.
Risk Management: The clear delineation of price levels makes it easy for traders to set stop-loss orders. For example, if price falls below the 25% line in an uptrend, it may signal weakness, prompting an exit or reduced position size.
Breakout and Breakdown Scenarios: When price breaks above a recent swing high or below a swing low, the percentile lines provide traders with pullback entry opportunities or key levels to watch for continuation of the move.
DeNoised Momentum [OmegaTools]The DeNoised Momentum by OmegaTools is a versatile tool designed to help traders evaluate momentum, acceleration, and noise-reduction levels in price movements. Using advanced mathematical smoothing techniques, this script provides a "de-noised" view of momentum by applying filters to reduce market noise. This helps traders gain insights into the strength and direction of price trends without the distractions of market volatility. Key components include a DeNoised Moving Average (MA), a Momentum line, and Acceleration bars to identify trend shifts more clearly.
Features:
- Momentum Line: Measures the percentage change of the de-noised source price over a specified look-back period, providing insights into trend direction.
- Acceleration (Ret) Bars: Visualizes the rate of change of the source price, helping traders identify momentum shifts.
- Normal and DeNoised Moving Averages: Two moving averages, one based on close price (Normal MA) and the other on de-noised data (DeNoised MA), enable a comparison of smoothed trends versus typical price movements.
- DeNoised Price Data Plot: Displays the current de-noised price, color-coded to indicate the relationship between the Normal and DeNoised MAs, which highlights bullish or bearish conditions.
Script Inputs:
- Length (lnt): Sets the period for calculations (default: 21). It influences the sensitivity of the momentum and moving averages. Higher values will smooth the indicator further, while lower values increase sensitivity to price changes.
The Length does not change the formula of the DeNoised Price Data, it only affects the indicators calculated on it.
Indicator Components:
1. Momentum (Blue/Red Line):
- Calculated using the log of the percentage change over the specified period.
- Blue color indicates positive momentum; red indicates negative momentum.
2. Acceleration (Gray Columns):
- Measures the short-term rate of change in momentum, shown as semi-transparent gray columns.
3. Moving Averages:
- Normal MA (Purple): A standard simple moving average (SMA) based on the close price over the selected period.
- DeNoised MA (Gray): An SMA of the de-noised source, reducing the effect of market noise.
4. DeNoised Price Data:
- Represented as colored circles, with blue indicating that the Normal MA is above the DeNoised MA (bullish) and red indicating the opposite (bearish).
Usage Guide:
1. Trend Identification:
- Use the Momentum line to assess overall trend direction. Positive values indicate upward momentum, while negative values signal downward momentum.
- Compare the Normal and DeNoised MAs: when the Normal MA is above the DeNoised MA, it indicates a bullish trend, and vice versa for bearish trends.
2. Entry and Exit Signals:
- A change in the Momentum line's color from blue to red (or vice versa) may indicate potential entry or exit points.
- Observe the DeNoised Price Data circles for early signs of a trend reversal based on the interaction between the Normal and DeNoised MAs.
3. Volatility and Noise Reduction:
- By utilizing the DeNoised MA and de-noised price data, this indicator helps filter out minor fluctuations and focus on larger price movements, improving decision-making in volatile markets.
Ido strategy RSI Oversold with MACD Buy Signal Indicator
This indicator combines the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) to help identify potential buy signals based on oversold conditions and trend reversals. This script is designed for traders looking to identify entry points when an asset is likely undervalued (oversold) and showing bullish momentum.
How It Works
RSI Oversold Detection: The RSI measures the speed and change of price movements. This indicator flags when the RSI falls below 30, signaling that the asset may be oversold. The user can customize the RSI lookback period and the timeframe within which oversold conditions are considered relevant.
MACD Crossover: The MACD line crossing above the Signal line often indicates a shift to bullish momentum. In this script, a buy signal is generated when a MACD bullish crossover occurs after an RSI oversold condition has been met within a user-defined lookback window.
Buy Signal: A green triangle appears below the price chart each time both conditions are met—when the RSI has recently been in oversold territory and the MACD line crosses above the Signal line. This signal suggests that the asset may be positioned for a potential upward trend, providing a visual cue for entry points.
Customizable Settings
RSI Settings: Adjust the RSI source and period length.
MACD Settings: Customize the fast, slow, and signal lengths of the MACD to suit different market conditions.
Lookback Period: Define how many bars back to check for an RSI oversold condition before confirming a MACD crossover.
Visual Elements
Oversold Background Color: The background on the price chart is shaded red whenever the RSI is below 30.
Buy Signal: A green triangle is displayed on the chart to indicate a potential entry point when both conditions are met.
Alerts
This indicator includes optional alerts, allowing traders to receive notifications whenever the conditions for a buy signal are met, making it easier to monitor multiple assets and stay informed of trading opportunities.
This indicator is ideal for traders using a combination of momentum and trend reversal strategies, especially in volatile markets where oversold conditions often precede a trend change.
DMI Delta by 0xjcfOverview
This indicator integrates the Directional Movement Index (DMI), Average Directional Index (ADX), and volume analysis into an Oscillator designed to help traders identify divergence-based trading signals. Unlike typical volume or momentum indicators, this combination provides insight into directional momentum and volume intensity, allowing traders to make well-informed decisions based on multiple facets of market behavior.
Purpose and How Components Work Together
By combining DMI and ADX with volume analysis, this indicator helps traders detect when momentum diverges from price action—a common precursor to potential reversals or significant moves. The ADX filter enhances this by distinguishing trending from range-bound conditions, while volume analysis highlights moments of extreme sentiment, such as solid buying or selling. Together, these elements provide traders with a comprehensive view of market strength, directional bias, and volume surges, which help filter out weaker signals.
Key Features
DMI Delta and Oscillator: The DMI indicator measures directional movement by comparing DI+ and DI- values. This difference (DMI Delta) is calculated and displayed as a histogram, visualizing changes in directional bias. When combined with ADX filtering, this histogram helps traders gauge the strength of momentum and spot directional shifts early. For instance, a rising histogram in a bearish price trend might signal a potential bullish reversal.
Volume Analysis with Extremes: Volume is monitored to reveal when market participation is unusually high, using a customizable multiplier to highlight significant volume spikes. These extreme levels are color-coded directly on the histogram, providing visual cues on whether buying or selling interest is particularly strong. Volume analysis adds depth to the directional insights from DMI, allowing traders to differentiate between regular and powerful moves.
ADX Trending Filter: The ADX component filters trends by measuring the overall strength of a price move, with a default threshold of 25. When ADX is above this level, it suggests that the market is trending strongly, making the DMI Delta readings more reliable. Below this threshold, the market is likely range-bound, cautioning traders that signals might not have as much follow-through.
Using the Indicator in Divergence Strategies
This indicator excels in divergence strategies by highlighting moments when price action diverges from directional momentum. Here’s how it aids in decision-making:
Bullish Divergence: If the price is falling to new lows while the DMI Delta histogram rises, it can indicate weakening bearish momentum and signal a potential price reversal to the upside.
Bearish Divergence: Conversely, if prices are climbing but the DMI Delta histogram falls, it may point to waning bullish momentum, suggesting a bearish reversal.
Visual Cues and Customization
The color-coded output enhances usability:
Bright Green/Red: Extreme volume with strong bullish or bearish signals, often at points of high potential for trend continuation or reversal.
Green/Red Shades: These shades reflect trending conditions (bullish or bearish) based on ADX, factoring in volume. Green signals a bullish trend, and red is a bearish trend.
Blue/Orange Shades: Indicates non-trending or weaker conditions, suggesting a more cautious approach in range-bound markets.
Customizable for Diverse Trading Styles
This indicator allows users to adjust settings like the ADX threshold and volume multiplier to optimize performance for various timeframes and strategies. Whether a trader prefers swing trading or intraday scalping, these parameters enable fine-tuning to enhance signal reliability across different market contexts.
Practical Usage Tips
Entry and Exit Signals: Use this indicator in conjunction with price action. Divergences between the price and DMI Delta histogram can reinforce entry or exit decisions.
Adjust Thresholds: Based on backtesting, customize the ADX Trending Threshold and Volume Multiplier to ensure optimal performance on different timeframes or trading styles.
In summary, this indicator is tailored for traders seeking a multi-dimensional approach to market analysis. It blends momentum, trend strength, and volume insights to support divergence-based strategies, helping traders confidently make informed decisions. Remember to validate signals through backtesting and use it alongside price action for the best results.
Custom Fibonacci StrategyCustom Fibonacci Strategy:
This strategy relies on analyzing Fibonacci levels to identify entry points for trades. It works by identifying peaks and troughs over a specified time period (50 bars in this code). Here are the steps of the strategy:
Identifying Peaks and Troughs:
The highest peak and lowest trough over the last 50 bars are identified.
If the price exceeds the previous peak, it is considered a break of the peak.
If the price falls below the previous trough after breaking the peak, it is considered a break of the trough.
Calculating Fibonacci Levels:
The 50% level (midway point) between the identified peak and trough is calculated.
Buy Signals:
When a trough is broken, and the price trades at or below the 50% level, the risk-to-reward ratio is evaluated.
If the risk-to-reward ratio is greater than or equal to 2, a buy signal is generated.
Displaying Levels:
Horizontal lines are displayed on the chart to illustrate the peak, trough, and Fibonacci level.
Summary
This strategy provides a systematic approach to trading based on Fibonacci retracement levels and price action, allowing traders to make informed decisions about entry points and manage risk effectively.
Smart Ribbon V2 [FXSMARTLAB]The Smart Ribbon V2 indicator is designed to analyze market trends and momentum by plotting a series of moving averages with varying periods, all within a single overlay on the price chart. This approach creates a "ribbon" effect, enabling traders to visualize trend strength, reversals, and potential entry or exit points. The indicator provides flexibility through different moving average types, including some advanced ones like QUEMA (Quadruple Exponential Moving Average) and QuintEMA (Quintuple Exponential Moving Average). Each moving average is color-coded to indicate trend direction and momentum, making it visually intuitive and effective for quick decision-making in trend-following strategies.
The Smart Ribbon V2 helps traders:
Identify Trend Direction
Gauge Momentum
Spot Trend Reversals
Determine Entry and Exit Points
Detailed Explanation of QUEMA and QuintEMA
The QUEMA (Quadruple Exponential Moving Average) and QuintEMA (Quintuple Exponential Moving Average) are advanced smoothing techniques that build on traditional exponential moving averages (EMAs). Both offer higher sensitivity to recent price changes than standard EMAs by adding layers of exponential smoothing. These moving averages are particularly useful for traders looking for a more responsive indicator without the noise often present in shorter-period EMAs.
QUEMA (Quadruple Exponential Moving Average)
The QUEMA is calculated by applying the EMA calculation four times in succession. This method smooths out fluctuations in the price data, creating a balance between sensitivity to recent data and resistance to short-term noise.
The mathematical formula for QUEMA is:
QUEMA=4×EMA1−6×EMA2+4×EMA3−EMA4
This formula results in a moving average that is smoother than a triple EMA (TEMA) and provides a better response to price trends without excessive lag.
QuintEMA (Quintuple Exponential Moving Average)
The QuintEMA goes one step further by applying the EMA calculation five times in a row. This level of exponential smoothing is useful for identifying strong, persistent trends while remaining adaptive to recent price shifts.
The QuintEMA is calculated as :
QuintEMA=5×EMA1−10×EMA2+10×EMA3−5×EMA4+EMA5
The additional layer in QuintEMA further reduces the impact of short-term price fluctuations, making it especially useful in strongly trending markets.
The Smart Ribbon V2 combines the benefits of several moving average types to deliver a versatile tool for analyzing market trends, momentum, and potential reversals. With QUEMA and QuintEMA as advanced options, it allows traders to tailor the indicator to match their preferred trading style, whether it involves higher responsiveness or smoother trend visualization. This adaptability makes Smart Ribbon V2 a powerful choice for both novice and experienced traders seeking to improve their trend-following and market analysis strategies.
EMA Ribbon + ADX MomentumHere's a description for your TradingView indicator publication:
The EMA Ribbon + ADX Momentum indicator combines exponential moving averages (EMA) with the Average Directional Index (ADX) to identify strong trends and potential trading opportunities. This powerful tool offers:
🎯 Key Features:
EMA Ribbon (10, 21, 34, 55) for trend direction
ADX integration for trend strength confirmation
Clear visual signals with color-coded backgrounds
Real-time trend status display
Strength metrics with exact percentage values
📊 How It Works:
EMA Ribbon: Four EMAs form a ribbon pattern that shows trend direction through their stacking order
ADX Integration: Confirms trend strength when above the threshold (default 25)
Visual Signals:
Green background: Strong bullish trend
Red background: Strong bearish trend
Gray background: Neutral or weak trend
📈 Trading Signals:
STRONG BULL: EMAs properly stacked bullish + high ADX + DI+ > DI-
STRONG BEAR: EMAs properly stacked bearish + high ADX + DI- > DI+
BULL/BEAR TREND: Shows regular trend conditions without strength confirmation
NEUTRAL: No clear trend structure
🔧 Customizable Parameters:
ADX Length: Adjust trend calculation period
ADX Threshold: Modify strength confirmation level
ADX Panel Toggle: Show/hide the ADX indicator panel
💡 Best Uses:
Trend following strategies
Entry/exit timing
Trade confirmation
Market structure analysis
Risk management tool
This indicator helps traders identify not just trend direction, but also trend strength, making it particularly useful for both position entry timing and risk management. The clear visual signals and real-time metrics make it suitable for traders of all experience levels.
Note: As with all technical indicators, best results are achieved when used in conjunction with other forms of analysis and proper risk management.
