TradeChartist Trend Splitter ™TradeChartist Trend Splitter is a visual Trend spotting script based on two simple models fused together - Dynamic Volatility Bands and Dynamic Mean Bands. The fusion of these two models based on user defined parameters of length, Volatility Risk and Mean Bands type, along with optional Trend Splitter color bars and Trend background split will make it visually engaging for any trader to understand the price action.
===================================================================================================================
Trend Splitter User Manual
========================
Trend Splitter settings has option to enable and disable the Volatility Bands and also the Mean Bands.
Under each heading, user can adjust the parameters to suit the trading style, based on time-frame traded.
Volatility Bands track the price action based on volatility trend lookback (Default - 55, MIn - 5, Max - 337) and also uses a Detector plot based on user defined risk (Default is 2.618, Min - 0.618, Max - 5) to continuously track the price action.
Mean Bands track the Mean values of the price action based on TradeChartist's original Mean Reversion Model based on one of 4 time tested Fib Lengths (Default - 55, Options - 55, 89, 144, 233, 337) and detects the price testing of Mean using Orange touchpoints.
Using Price Action in relation to both Volatility Bands and the Mean Bands, the script creates Mean Bands filtered Trend splits that plot Bull or Bear Trend background.
The Mean Bands Filter can be disabled for Trend Splits by just disabling Mean Bands from the settings. Also the option to display Trend Split background can also be enabled or disabled from the settings.
The settings also includes a useful feature to enable or disable coloured price bars using one of 3 colour themes.
Users can create alerts for Price testing mean, Bull and Bear trends using Long or Short from Trend Splitter's Alert Condition.
The indicator doesn't repaint even though a potential repaint warning appears when creating alerts. This can be confirmed by doing bar replay with vertical lines at various lines and trend change zones to get confidence using the indicator. The vertical lines will stay in the same place on both current time and when running a bar replay.
===================================================================================================================
Example Charts
1. 5m chart of BINANCE:AXSUSDTPERP using Trend Splitter (144, 2.618, Normal, 55) and TradeChartist Momentum Drift Oscillator (144 with Drift Visualizer). The Trend Splitter and MDO combo work brilliantly on Lower Time Frames and even on 15s/30s charts with MDO length of 144.
Best Practice - Always wait for a very long trend (over 337 bars on both MDO and Trend Splitter before taking a reverse trend trade at either Exhaustion or Super OB/OS zones of MDO) when using very low time-frames.
2. 5m chart of NYSE:PLTR using Trend Splitter (144, 3.618, Normal, 55) connected to TradeChartist Fib Master to plot Automatic Fibs. Just use Trend Identifier of Trend Splitter from Fib Master signal dropdown from settings, having both scripts active on chart.
3. Daily chart of OANDA:XAUUSD using Trend Splitter (using only Mean Bands - Weighted/144) to spot areas of support and resistance at Mean Bands.
Best Practice - Mean Bands can also act as confirmation indicator when used with other Trading View Indicators like RSI, Stohastic, Bollinger Bands etc.
4. Daily chart of COINBASE:ETHUSD using Trend Splitter (55, 0.618, Weighted, 55) connected to TradeChartist Plug and Trade to show Trend Splitter based Entries with Targets and Past Performance to assess the settings parameters in Trend Splitter. Just use Trend Identifier of Trend Splitter from Plug and Trade signal dropdown from settings, having both scripts active on chart.
===================================================================================================================
Best Practice: Test with different settings first using Paper Trades before trading with real money
===================================================================================================================
Cari dalam skrip untuk "fib"
[blackcat] L5 Zen MasterLevel: 5
Background
L5 Zen Master is my favorite main chart indicator. I have been studying Zen Theory for long and keeping improving related home-baked private indicators. Zen Theory is less known out side of China. This situation is very similar to when Nilson did not introduce Japanese candlesticks worldwide. At that time, traders in other parts of the world rarely heard of Japanese candlesticks. This situation occurs again. When most Chinese bookstores and libraries are full of books on Zen Theory trading techniques, the rest of the world may not know this trading technique based on mathematical derivation axioms.
As for the author of the theory, he/she is as mysterious as Satoshi Nakamoto who created Bitcoin. People don't even know his/her gender, because he/she likes to call himself/herself a "woman" when he/she publishes original trading techniques on his/her blog. No one knows his/her name, only his/her nickname: "Preaching Zen in Tangles" (缠中说禅). People respectfully call him/her "Zen Master" (缠师). Zen Theory is based on geometric structures like Bill Williams' Fractals and ZigZag, but it is very host to MTF applications. In addition, there are unique insights on moving averages, this moving average technology is called Zen Kiss (缠论吻).
Function
It combine several novel indicators together but mainly focus on Zen Theory(缠论主图), including Zen Strokes (自动画笔) 和 Zen Kiss (缠论均线) Moving Averages. To Better understand the market geometry structure, I developped featured Fibonacci Space Indicator which is based on Semi-LOG and Fibonacci Time Window Indicator to help juge trend movements independently. Also, I integrated Better Volume Indicator(BVI) and Range Action Verification Index (RAVI) as well for volume and bias monitoring.
Indicator Set
Zen Stroke (Auto ZigZag, 自动画缠论笔)
Zen Kiss Moving Averages (缠论均线)
Fibonacci Space Indicator with Golden Ratios based on Semi-LOG (黄崇半对数)
Fibnacci Time Window Indicator with red/green background colors
Dynamic Fibnacci Space Arrows to indicate support and resistance immediately
Better Volume Indicator (BVI) with painted bars to juge trend strength
Range Action Verfication Index (RAVI) for large time frame for exetreme conditions warning
Inputs
BVI lookback period --> 5 as default
EnableBVIBarColors --> True as default
Show Zen Stroke --> True as default
Show Fib Space based on Semi-LOG --> True as default
Zen Fractals Lookback Period --> 377 as default
Key Signal
Zen Stroke
Yellow line section for up stroke
Blue line section for down stroke
Zen Kiss MA
Yellow MA for fast line (Cowgirl line)
Fuchsia MA for slow line (Cowboy line)
Fib Space w/ Golden Ratios
Low, 11.4%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 88.6%, High
Fib Time Window
Green background color for top indicator based on time window
Red background color for bottom indicator based on time window
Dynamic Fib Space Arrows
Green arrows for support
Red arrows for resistance
Better Volume Indicator
Yellow bar color --> low volume --> trend ends, commonly before trend reversals
Red bar color --> climax up volume --> very bullish and next bar may continue to be bullish
White bar color --> climax down volume --> very bearish and next bar may continue to be bearish
Green bar color --> churn volume --> Long and short forces play fierce games within a small price range
Fuchisia bar color --> climax churn volume --> Long and short forces play fierce games within a large price range
Range Action Verfication Index
Yellow background color for extremely negative bias, indicating bottom zone
Fuchsia background color for extremely positive bias, indiacting top zone
Pros and Cons
ONLY suitable for discretionary trading, and does NOT support automatic trading system/bots with alerts.
Intuitive and effective, the output signal is more reliable after multi-indicator resonance
Remarks
My second L5 indicator published
Closed-source
Invite-only
Redeem Fee Life Lock Guarantee
Although I take the efforts to inform the script requesters that the best way to promote trading skills is to learn from the open source scripts I released by themself and to improve their PNIE script programming skills, there are still many people asking how to obtain or pay to use BLACKCAT L4/L5 private scripts. In fact, I do not encourage people to use Tradingview Coins ( TVC ) / Cryptocurrency to redeem the right to use BLACKCAT L4/L5 scripts. However, redeeming private script usage rights through TV Coins/ Cryptocurrency may be an effective way to force more people to learn PINE script programming seriously. And then I can concentrate on answering more valuable community questions instead of being overwhelmed by L4/L5 scripting permission reqeusts.
I would like to announce a ‘Redeem Fee Lock Guarantee’ program to further simplify the L4/L5 indicator/strategy utility offering and distinguish itself from the competition. ‘Redeem Fee lock guarantee’ is one of the major initiatives by BLACKCAT as a part of overall value packaging designed to guard BLACKCAT’s followers’ against cost-overruns and operational risks usually borne by them when it comes to PINE script innovation ecosystem. The TVCs redeemed for L4/L5 a follower signs up for with BLACKCAT is their guaranteed lifetime locked in TVC Quantity/ cryptocurrency, with no special conditions, exclusions and fine print whatsoever. Based on this scheme, I can constantly refine, expand, upgrade and improve PINE script publishing to ensure the very best experiences for my followers. The 'Redeem Fee Lock Guarantee' is a step in the direction of rewarding the valuable followers. NOTE: Every L4/L5 script redeeming service is ONLY limited to TVC or Cryptocurrency ("Win$ & Donate w/ This" Addresses displayed on script page) redeeming which the 1st signed up TVC Qty/ equivalent cryptocurrency is the lifetime offered TVC Qty/ equivalent crypto.
How to subscrible this indicator?
The script subscription period only has two options of one month or one year, and its price is floating. The latest price of the script subscription is proportional to the number of likes/agrees this script has already received. Therefore, the price of subscribing to this script shows an increasing trend, and the earliest subscribers can enjoy the price of lifetime lock to this script. As the number of likes / agrees of this script increases, the subscription fee for one month and one year will also increase linearly. Whatever, the first subscription price of the use will be locked for life.
Monthly subscription and annual subscription can be done either by tradingview coins ( TVC ) or by converting into equivalent cryptocurrency at the exchange rate (1TVC=0.01USD) for redeem.
TVC payment needs to pay TVC directly in the comments under this script. Every time I authorize a new user, I will update the latest number of subscribed users and latest price for next subscription under the script comment. If there are any conflicting scenario happened to the rules and my update. My updated price based on the rule will be the final price for next subscription. The following subscribers need to pay the corresponding amount of TVC or cryptocurrency in accordance with the latest number of users and price announced by me in accordance with the rules published.
TVC redemption is the method I strongly recommend, and I hope you can complete the redemption in the comment area of this script. This is like a blockchain structure, each comment is a block, each subscription is a chain, which is conducive to open and transparent publicity and traceability to avoid unnecessary disputes.
Monthly Subscription Charges
500TVC <50 Agrees (A)
50A<850TVC<100A
100A<1000TVC<150A
150A<1350TVC<200A
200A<1500TVC<250A
250A<1850TVC<300A
300A<2000TVC<350A
350A<2350TVC<400A
400A<2500TVC<450A
450A<2850TVC<500A
500A<3000TVC<550A
550A<3350TVC<600A
600A<3500TVC<650A
650A<3850TVC<700A
700A<4000TVC<750A
750A<4350TVC<800A
800A<4500TVC<850A
850A<4850TVC<900A
900A<5000TVC<950A
950A<5350TVC<1000A
1000A<5500TVC<1050A
And so on...
Annual Subscription Charges
5000TVC <50 Agrees (A)
50A<8500TVC<100A
100A<10000TVC<150A
150A<13500TVC<200A
200A<15000TVC<250A
250A<18500TVC<300A
300A<20000TVC<300A
350A<23500TVC<400A
400A<25000TVC<450A
500A<28500TVC<550A
500A<30000TVC<550A
550A<33500TVC<600A
600A<35000TVC<650A
650A<38500TVC<700A
700A<40000TVC<750A
750A<43500TVC<800A
800A<45000TVC<850A
850A<48500TVC<900A
900A<50000TVC<950A
950A<53500TVC<1000A
1000A<55000TVC<1050A
And so on...
Raff Regression Channel by DGTRᴀꜰꜰ Rᴇɢʀᴇꜱꜱɪᴏɴ Cʜᴀɴɴᴇʟ (RRC)
This study aims to automate Raff Regression Channel drawing either based on ZigZag Indicator or optionally User Preference
The Raff Regression Channel , developed by Gilbert Raff, is based on a linear regression, which is the least-squares line-of-best-fit for a price series, with evenly spaced trend lines above and below . The width of the channel is set by determining the high or low that is the furthest from the linear regression.
Because the channel distance is based off the largest pullback or highest peak within a trend, for effectively drawing and using a Raff Regression Channel it is recommend/required that a Raff Regression Channel is applied to “mature” trends. Knowing this requirement, for better automated drawing results this study benefits from the Zig Zag Indicator, where the Zig Zag indicator is used to help identify price trends and changes in price trends. Option to manually adjust lengths for drawing a Raff Regression Channel is also made available.
Using a Raff Regression Channel
Once The Raff Regression Channel is drawn, covering an existing trend, Exᴛᴇɴꜱɪᴏɴ Lɪɴᴇꜱ are drawn to identify ᴛʜᴇ ꜱᴜᴘᴘᴏʀᴛ﹐ʀᴇꜱɪꜱᴛᴀɴᴄᴇ ᴏʀ ʀᴇᴠᴇʀꜱᴀʟ ᴘᴏɪɴᴛꜱ
The trend is up as long as prices rise within this channel. An uptrend may be reversing (not always, but likely) when price breaks below the channel extension . The trend is down as long as prices decline within the channel. Similarly, a downtrend may be reversing (not always, but likely) when price breaks above the channel extension . Moves outside the channel extensions can be indication of a reversal or can denote overbought or oversold conditions
For further details please refer to education post Raff Regression Channel
█ FEATURES
- AUTO or MANUALLY adjusted Raff Regression Channel and Channel Extentions drawing
- ALERTs, for Linear Regression Line, Raff Regression Upper and Lower Channel Extentions
- LSMA , Least Squares Moving Average, in other words Linear Regression Curve
█ SETTINGS
Setting Loopback and Number of Bars are the most important part for The Raff Regression Channel, where ;
- Lookback, defines where the Raff Regression Channel is starting, it is recommended to set to a trend begining
- Number of Bars, defines how many bars to be assumed for calculation, or simply stated the end of the Raff Regression Channel drawing (not extentions but the main channel, extentions by default will be drawn till the last bar)
Setting of Loopback and Number of Bars is performed eigher automatically based on Zig Zag indicator or users may prefer to set them manually. If selected automatically then
- Deviation and Depth values of Zig Zag indicator are used for calculations (enabling visually plotting of ZigZag Lines will help to identify better visually the points), where ;
Deviation, is a multiplier that affects how much the price should deviate from the previous pivot in order for the bar to become a new pivot.
Depth, affects the minimum number of bars that will be taken into account when building
Short-term traders may wish to apply the channel to small waves of a trend so they can reduce the value of the Deviation and Depth
█ OTHER CHANNEL CONSEPTS
Linear Regression Channels, , what linear regression channels are? and linear regression channel/curve/slope study
Fibonacci Channels, how to apply fibonacci channels and automated fibonacci channels study
Andrews’ Pitchfork, how to apply pitchfork and automated pitchfork study
Special Thanks to @Kiss66000 for his kind suggestion, je vous remercie beaucoup @Kiss66000
Disclaimer :
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
HeikinAshi Fibonacci Retracement v2It draws Fib retracements based on the highest high measured when HeikinAshi candles are green, and lows based on when HeikinAshi candles are red.
The idea is that you can see the fib retracements based on HeikinAshi trends on a larger timeframe to help trade in smaller timeframes.
for v2 I reset the fib trace when a new high is set and also at the second green heikin candle. And I only show the last 20 bars of fib lines to avoid confusion and focus on the current trade.
Happy trading!
MTF Deviation - Mtrl_ScientistHi everyone,
There are a lot of possible ways to look at markets and find valid patterns.
This time, I've looked at how shorter time frames deviate from the overall price consensus.
What you're seeing here is a range-bound difference of the lowest time frame from the overall price consensus (baseline), represented as blue line.
When lower time frames agree with the baseline, the difference becomes 0.
Logically, this difference cannot deviate too much from the baseline, and to quantify that, I've added fib-levels based on a deviation percentage that depends on price volatility and can be adjusted in the settings.
How it works:
First of all, you need to switch to the 1min time frame to get access to the lowest time frame data.
Look at how the blue line follows the support/resistance fib levels.
Oversold conditions are usually given by entering the lowest red band, whereas overbought conditions are given by entering the upper red band.
However, there are also extreme cases, where the blue line exceeds the set fib levels. In that case, price will reverse with very high likelihood.
Alternatively you can also ping-pong between two fib levels for frequent small trades.
Note that this indicator doesn't use any security functions to access time frame data. Instead, I found a different way to avoid repainting.
At the moment I'm just playing around with this to see how I can improve it. Feedback is very welcome!
HullfibSo this indicator is just to show a concept
it based on Bollinger type of fibs with regular daily fibs (upper =red,lower= blue) and the signal produce by the Hull moving average
the idea is to compare the regular fibs and the Bollinger type of fibs so it easy in this way to see where the real low and where the real high
the hull moving average can be set to be faster or shorter for the buy signal. since it open code you can add or change what ever you want
have fun
swissknife system all in oneSO how this system work
1. B and S top and button are stoch cross points
2.the area highlighted in blue and red are zone where RSI DMI and ATR are in agreement
3. The candles are based on fibonaci so if the candle are below 10 is low fib and if above 90 its high fib
so how to find best buy points
1. search for B points the fall in blue area =RSI low and D- high
2.sell points =s that fall in red area =high rsi + D+ high
3. the candle based on fib so it easy to see if the points potential buy and sell fall in high or low fib
4. potential buy and sell points can also be found on base of cross of D- and D+ adding adx make it easy
in this version no alert but in next version I try to put something on it :)
B3 AutoEdgeBreak FibonacciHere is the lazy person's Fibonacci retracement drawing machine. Keep the bars in range pretty big, but you can play around and see what it does. If too small, it gets in your way, and If oversized, your retracements will not properly work upward and downward according to action. So, if you notice that it's always retracing the same direction, then lower the first input.
Now on top of the coding being tricky because of massive history in T-view, trading the Fibs is not an easy task either. Experienced Fib traders will probably love my script, and those that are not good at Fibs will love the historical look of it, but feel helpless in real-time. It took me years to learn a reaction pattern to the Fib lines, and the one key piece of my memory: if a price-line test comes and fails in relation to your trade, get out!!! <- Not real advice, just experience talking.
I expect to be upgrading this particular script in the future. Enjoy!
DriftLine - Pivot Open Zones [SiDec]What is DriftLine?
DriftLine is your visual roadmap for navigating the markets — designed for both day traders and swing traders who want to understand where price truly matters.
It automatically plots the most meaningful price levels on your chart:
dOpen → today’s open
pdOpen → yesterday’s open
bpdOpen → two days ago
wOpen → this week’s open
mOpen → this month’s open
yOpen → this year’s open
These are not just lines — they are the milestones big traders, funds, and algos watch to measure bias, performance, and momentum across timeframes.
DriftLine also layers on:
Fib zones (50%, 61.8%, 78.6%) between today’s and yesterday’s opens — highlighting natural pullback or continuation areas.
Fade bands around monthly and yearly opens — showing where the market may be overextended, exhausted, or ripe for reversal.
Optional % distance labels — letting you instantly see how stretched or compressed price is relative to key opens.
How to Use DriftLine
1️⃣ Daily setups:
Trade with the daily bias (dOpen vs. pdOpen). Use the fib pocket as a pullback zone or continuation platform.
2️⃣ Weekly trends:
Watch wOpen breaks + retests — often the start of powerful multi-day moves.
3️⃣ Monthly & yearly pivots:
Treat mOpen and yOpen as heavyweight macro levels — they shape sentiment and direction.
4️⃣ Fade bands:
Spot reactions at the outer bands around mOpen and yOpen — these zones often mark where trends pause or reverse.
Why Are Daily Opens So Important?
Many traders overlook dOpen (today’s open), pdOpen (yesterday’s open) and bpdOpen (before previous daily open) — but they’re the heartbeat of intraday trading.
Here’s why they matter:
🔷 Above dOpen → bullish bias.
The market is paying more than it opened — intraday momentum leans long.
🔷 Below dOpen → bearish bias.
We’re under today’s open — cautious, risk-off, or short setups.
🔷 pdOpen/bpdOpen as magnet & target.
Even in strong trends, price often revisits yesterday’s open. It can act as support, resistance, or a key flip level.
🔷 The Fib pocket between dOpen and pdOpen.
The 50–78.6% zone is a dynamic battleground. Watch for price to bounce, reverse, or break through here.
In short:
dOpen and pdOpen are your intraday compass, showing you whether you’re trading with or against the day’s flow.
Why Are Monthly Opens So Powerful?
The monthly open (mOpen) is a macro anchor for institutional traders.
It answers:
✅ Are we green or red for the month?
✅ Are big funds defending long exposure, or trimming risk?
🔷 Above mOpen = bullish tone, momentum follows.
🔷 Below mOpen = caution, risk-off, defensive market.
You’ll often see sharp reactions at mOpen — even when lower timeframes look messy.
Aligning your intraday or swing trades with the monthly bias improves your edge dramatically.
Why Is the Yearly Open (yOpen) Critical?
The yearly open (yOpen) is the king of all opens — the most powerful macro line on the chart.
Big funds, asset managers, and long-term traders benchmark everything against yOpen:
🔷 Above yOpen → bullish year tone.
Funds are green on the year; dips are often bought aggressively.
🔷 Below yOpen → bearish year tone.
Caution dominates; rallies tend to be sold or fade.
🔷 Sharp reactions at yOpen.
Expect explosive moves or violent rejections when price approaches this level — it’s where macro players act.
And when price hits the fade bands around yOpen?
It's a prime territory for reversals or profit-taking.
How to Add DriftLine to Your Chart
✅ Easiest way → Go to my TradingView profile, open the Scripts tab, and ⭐ Add to Favourites.
Then, on your chart:
1️⃣ Click Indicators → Favourites → select DriftLine
2️⃣ Done — you’re live!
Can I Customise It?
Absolutely!
You can:
🎨 Change line colours and thickness.
🎨 Pick fade band colours to match your theme.
🎨 Adjust fade zone width (e.g., 0.5% or 1%).
🎨 Toggle % distance labels on/off for a clean or detailed view.
⚡ Pro Tip: Use DriftLine With Confluence! ⚡
DriftLine is not a buy/sell signal tool.
It’s your map — but you need your own compass.
Combine it with:
Fibonacci retracements & extensions
Elliott Wave patterns
Order flow or volume profile
Momentum or trend indicators
Other tools
When multiple tools align at a DriftLine level, that’s where the magic happens — and where the highest-probability trades live.
Key Takeaway
DriftLine doesn’t predict the future — it frames the battlefield.
It highlights where the real action is happening:
Where price flips, where traders fight, and where momentum builds.
Use it as your market map, combine it with your favourite strategies, and let it sharpen your decisions.
🌊 Read the currents. Trade the flow.
Stay sharp, stay patient and trade with clarity.
Happy trading!
Levels & Flow📌 Overview
Levels & Flow is a visual trading tool that combines daily pivot levels with a dynamic EMA ribbon to help traders identify structure, momentum, and key decision zones in the market.
This script is designed for discretionary traders who rely on clean visual cues for intraday and swing trading strategies.
⚙️ Key Features
Daily Pivot, Support, and Resistance Lines
Automatically plots the daily pivot level based on the previous day’s OHLC data, along with calculated support and resistance levels.
Fibonacci Retracement Levels
Two dashed lines above and below the pivot represent the retracement of the pivot-resistance and pivot-support range, forming the boundaries of the “no-trade zone.”
No-Trade Zone (Shaded Box)
A gray shaded box between the two Fibonacci levels to visually mark a high-chop/low-conviction zone.
Trend-Based Candle Coloring (Current Day Only)
Candles are colored green if the close is above the pivot, red if below (only on the current trading day).
Bullish/Bearish Trend Label
A small table in the bottom-right corner displays “Bullish” or “Bearish” depending on whether price is above or below the pivot.
20-EMA Gradient Ribbon
A stack of 20 EMAs, each smoothed and color-coded from blue to green to reflect short- to long-term trend alignment.
Cumulative EMA with Adaptive Weighting
An intelligent moving average line that adjusts weight distribution among the 20 EMAs based on recent predictive accuracy using a learning rate and lookback period.
🧠 How It Works
📍 Levels
The script calculates daily pivot, resistance, and support levels using standard formulas:
Pivot = (High + Low + Close) / 3
Resistance = (2 × Pivot) – Low
Support = (2 × Pivot) – High
These levels update each day and extend 143 bars to the right.
📏 Fib Lines
Fib Up = Pivot + (Resistance – Pivot) × 0.382
Fib Down = Pivot – (Pivot – Support) × 0.382
These lines form the “no-trade zone” box.
📈 EMA Ribbon
20 EMAs starting from the user-defined Base Length, each incremented by 1
Each EMA is smoothed using the Smoothing Period
Color-coded from blue to green for intuitive visual flow
Filled between EMAs to visualize trend strength and alignment
🧠 Cumulative EMA Learning
Each EMA’s historical error is calculated over a Lookback Period
Lower-error EMAs receive higher weight; weights are normalized to sum to 1
The result is a cumulative EMA that adapts based on historical predictive power
🔧 User Inputs
Input
Base EMA Length: Sets the period for the shortest EMA (default: 20)
Smoothing Period: Smooths all EMAs and the cumulative EMA
Lookback for Learning: Number of bars to evaluate EMA prediction accuracy
Learning Rate: Adjusts how quickly weights shift in favor of more accurate EMAs
✅ How to Use It
Use the pivot level to define directional bias.
Watch for price breakouts above resistance or breakdowns below support to consider entry.
Avoid trading inside the shaded zone, where direction is less reliable.
Use the EMA ribbon gradient to confirm short/long alignment.
The cumulative EMA helps define trend with noise reduction.
🧪 Best For
Intraday traders who want to blend structure with flow
Swing traders needing clean daily levels with dynamic confirmation
Anyone looking to avoid choppy zones and improve visual clarity
⚠️ Disclaimer
This script is for educational and informational purposes only. It does not constitute financial advice or a trading recommendation. Always test scripts in simulation or on demo accounts before live use. Use at your own risk.
BooRSI📘 BooRSI – Multi-Dimensional RSI Framework with Advanced Visual Context
BooRSI is not just another RSI overlay. It is a multi-layered momentum framework that blends traditional RSI dynamics with a set of enhanced visual and structural components to help traders identify market imbalances, momentum shifts, and confluence zones across multiple timeframes. The indicator was designed to assist both discretionary and systematic traders in spotting RSI-based inflection points with greater clarity and context.
🔍 What Makes BooRSI Different?
Unlike standard RSI tools, BooRSI provides a modular visualization layer that lets you:
View RSI in both candle format and classic line mode, making intrabar momentum shifts visible.
Plot dynamic or static Fibonacci retracement levels directly on the RSI scale — useful for identifying confluence between RSI pullbacks and trend continuation zones.
Activate a weekly RSI vs weekly RSI MA crossover highlight, enabling long-term trend filters directly within the intraday or daily RSI window.
Apply subtle gradient band fills to the 30–50–70 zones to enhance zone memory without overwhelming the visual space.
Toggle a custom RSI Moving Average for smoother signal interpretation.
🧠 Underlying Logic & Structure
RSI Calculation: Classic RSI with adjustable OHLC input (default: close). When in “Candle Mode,” it uses RSI(Open), RSI(High), RSI(Low), RSI(Close) to form OHLC candles for intrabar detail.
RSI MA Filter: A secondary SMA (default: 14) smooths RSI values to assist in trend determination.
Fibonacci Mapping: Based on a fixed or dynamic length (default: 55), key Fib levels (38.2%, 50%, 61.8%, etc.) are plotted on the RSI window to map out overreaction or pullback zones.
Multi-Timeframe Context: The system calculates weekly RSI and its moving average, then uses background highlights to show whether the current trend aligns with the higher timeframe momentum direction.
⚙️ Default Settings
Parameter Default Description
RSI Length 14 Base RSI period
RSI MA Length 14 SMA on RSI for trend filtering
Fibonacci Lookback 55 Length for Fibo level projections
Show 30/50/70 Bands True Gradient fill zones for RSI decision zones
Show Fibonacci Levels False Optional – static/dynamic Fib lines on RSI
Candle Mode False Switch between RSI line and RSI OHLC candles
Fibo Style Toggle True Switch between solid, dashed or dotted lines
🎯 Best Use Cases
Momentum Filters: For trend-based strategies, use RSI-MA and HTF background for filter alignment.
Reversal Signals: Use RSI candles to spot strong rejection patterns inside extreme zones.
Mean-Reversion Timing: Combine Fibonacci levels with 30–70 bands to fine-tune entries.
⚠️ Important Note
This is a closed-source indicator due to proprietary RSI candle mapping logic and unique Fibonacci interaction methods. However, this description fully discloses how the tool works and how it adds value beyond a basic RSI implementation.
BooRSI – Çok Katmanlı RSI Çerçevesi
BooRSI, klasik RSI göstergesini birden fazla katmanda zenginleştirerek momentum değişimlerini, aşırı alım/aşırı satım bölgelerini ve farklı zaman dilimi trendlerini daha net görmenizi sağlar:
Çubuk ve Çizgi Modu: RSI’yı hem OHLC mumları hem de klasik çizgi olarak gösterebilir, böylece intrabar hareketleri de izlenebilir.
RSI MA Filtreleme: RSI üzerine uygulanan SMA (varsayılan 14) trend yönünü belirlemenize yardımcı olur.
Fibonacci Seviyeleri: RSI ölçeği üzerinde dinamik veya sabit Fibonacci retracement çizgileri (38.2%, 50%, 61.8% vb.) ekleyerek dönüş ve devam bölgelerini tespit eder.
Haftalık Konteks: Günlük veya daha kısa zaman diliminde, haftalık RSI ve haftalık RSI MA kesişimlerini arka plan rengiyle vurgular.
Gradient 30/50/70 Bantları: Karar bölgelerini boğucu olmayan degradelerle öne çıkarır.
Bu kapalı kaynak gösterge, RSI mum haritalama ve Fib etkileşimindeki özgün mantığı nedeniyle gizlidir; açıklama ise nasıl çalıştığını tam olarak ortaya koyar.
Engulfing Candles with Liquidity SweepOverview
The Engulfing Candles with Liquidity Sweep indicator is designed to highlight high- and low-probability engulfing candle patterns, incorporating liquidity sweep logic for enhanced price action analysis. This script visually marks bullish and bearish engulfing events, differentiating between high-probability and low-probability setups, and plots key Fibonacci levels for each event.
🔶 USAGE
This indicator is ideal for traders seeking to identify potential reversal or continuation points based on engulfing candle patterns and liquidity sweeps. High-probability signals are based on strict engulfing and sweep criteria, while low-probability signals offer additional context for nuanced price action.
• High Probability Engulfing:
Highlights strong bullish or bearish engulfing candles that also sweep the previous candle’s high or low, suggesting a significant shift in market sentiment.
• Low Probability Engulfing:
Marks less strict engulfing patterns where the close remains within the previous candle’s range, providing early signals for potential reversals.
• Fibonacci Levels:
For each detected pattern, the script draws a 50% Fibonacci retracement line, helping traders identify potential retracement or reaction zones.
🔹 SETTINGS
• High Probability Engulfing Settings:
• Customizable colors, line styles, and widths for bullish and bearish fib lines
• Option to show/hide fib lines and pattern markers
• Low Probability Engulfing Settings:
• Separate color and style controls for low-probability signals
• Option to show/hide fib lines and pattern markers
• Alerts:
• Built-in alert conditions for all pattern types, enabling automated notifications
🔶 DETAILS
High Probability Bullish Engulfing:
• Previous candle bearish
• Current candle bullish
• Current low sweeps previous low
• Current close above previous high
High Probability Bearish Engulfing:
• Previous candle bullish
• Current candle bearish
• Current high sweeps previous high
• Current close below previous low
Low Probability Bullish Engulfing:
• Previous candle bearish
• Current candle bullish
• Current low sweeps previous low
• Current close between previous open and high
Low Probability Bearish Engulfing:
• Previous candle bullish
• Current candle bearish
• Current high sweeps previous high
• Current close between previous open and low
🔶 NOTES
• The indicator is fully customizable and can be adapted to various trading styles.
• All signals and levels are plotted directly on the chart for easy reference.
• Alerts can be set for any pattern, supporting both discretionary and automated trading approaches.
Disclaimer:This script is for informational and educational purposes only. It does not constitute financial advice. Use at your own risk.
SMC Entry Signals MTF v2📘 User Guide for the SMC Entry Signals MTF v2 Indicator
🎯 Purpose of the Indicator
This indicator is designed to identify reversal entry points based on Smart Money Concepts (SMC) and candlestick confirmation. It’s especially useful for traders who use:
Imbalance zones, order blocks, breaker blocks
Liquidity grabs
Multi-timeframe confirmation (MTF)
📈 How to Use the Signals on the Chart
✅ LONG Signal (green triangle below the candle):
Conditions:
Price is in a discount zone (below the FIB 50% level)
A bullish engulfing candle appears
A bullish Order Block (OB) or Breaker Block is detected
There’s an upward imbalance
A bullish OB is confirmed on the higher timeframe
➡️ How to act:
Consider entering long on the current or next candle.
Place your stop-loss below the OB or the nearest swing low.
Take profit at the nearest liquidity zone or premium area (above FIB 50%).
🔻 SHORT Signal (red triangle above the candle):
Conditions:
Price is in a premium zone (above FIB 50%)
A bearish engulfing candle appears
A bearish OB or Breaker Block is detected
There’s a downward imbalance
A bearish OB is confirmed on the higher timeframe
➡️ How to act:
Consider short entry after the signal.
Place your stop-loss above the OB or swing high.
Target the discount zone or the next liquidity pocket.
⚙️ Recommended Settings by Trading Style
Trading Style Suggested Settings Notes
Intraday (1–15m) fibLookback = 20–50, obLookback = 5–10, htf_tf = 1H/4H Fast signals. Use Discount/Premium + Engulfing.
Swing/Position (1H–1D) fibLookback = 50–100, obLookback = 10–20, htf_tf = 1D/1W Higher trust in MTF confirmation. Ideal with fundamentals.
Scalping (1m) fibLookback = 10–20, obLookback = 3–5, htf_tf = 15m/1H Remove Breaker and MTF for quick reaction trades.
🧠 Best Practices for Traders
Trend Filtering:
Use EMAs or volume to confirm the current trend.
Take longs only in uptrends, shorts in downtrends.
Liquidity Zones:
Use this indicator after liquidity grabs.
OBs and Breakers often appear right after stop hunts.
Combine with Manual Zones:
This works best when paired with manually drawn OBs and key levels.
Backtest the Signals:
Use Bar Replay mode on TradingView to test past signals.
🧪 Example Trade Setup
Example on BTCUSDT 15m:
Price drops into the discount zone.
A green triangle appears (bullish engulfing + OB + imbalance + HTF OB).
You enter long, stop below the OB, target the premium zone.
🎯 This type of setup often gives a risk/reward ratio of 1:2 or better — profitable even with a 40% win rate.
⏰ Alerts & Automation
Enable alerts:
"SMC Long Entry" — fires when a long signal appears.
"SMC Short Entry" — fires when a short signal appears.
You can integrate this with bots via webhook, like:
TradingConnector, 3Commas, Alertatron, etc.
✅ What This Indicator Gives You
High-probability entries using SMC logic
Customizable filters for entry logic
Multi-timeframe confirmation for stronger setups
Suitable for both intraday and swing trading
DTFX Time based range candle box [Wang Indicators]DTFX Time based range candle box
Overview : This indicator highlights HTF Candles in specified timeframe within boxes and extend them until they are mitigated. Allowing traders to use them as zones from which you could find some turn-around or scalp
How does it works ?
Users can setup up to 8 desired timeframe with the hour/minute of the HTF candle
Be carrefull when you chose the time. You must put something coherent with the timeframe (e.g : you can't put 'minutes' = 45 if your timeframe is '1h')
Everyday, the indicator will draw a box around the specified candle for it timeframe
Once the price close above or bellow this candle in the same timeframe, the Zone become "active"
As long as the price doesn't came back into the zone, the retracements will extends
Once the price came back into the zone (in the current timeframe), it stops the expension
Exemple
Here we have those settings :
timeframe : 1 hour
time : 9am
mitigation : 10%
fibs : visible & dashed
The box highlights the 9am 1H candle (9am to 10am)
We now wait for the price to close in the same timeframe (1h here) above or bellow the price
At 11am we close above - the zone is now "active"'
Now we wait for the price to go back in this zone in the current timeframe (here 5min)
12:40am : we put a low above the 10% of the zone -> we stop the retracements, the zone is considered as "mitigated"
Settings
Hour : The hour of the begiging of the candle
Minute : Combined with hour (default 0)
Timeframe : In whichtimeframe we are looking for the candle
% Mitigation : % of the box in wich the price must go back-in in order to "mitigate" the box and stop the expension of the fibs/box (if settings enabled)
Retracements style : Hidden, dashed, dotted or lines for the fibs
Extend Box : extend the box itself until it get mitigated
Number of unmitigated zones : Max unmitigated zone drawed on the chart PER CONFIG
Timezone : Must be set to reflect your needs. (preferably the chart timezone)
How does it helps users ?
Once a Candle is "active" it can be used as a Zone
Fibonnacis levels (30, 50 and 70%) are displayed (if enabled)
Users can customize their apparence and the boxes as they see fit
The 30 - 50 - 70 levels are possible support/resistance that the price tend to bounce of off
You might find some success looking for an entry inside the zone at a level if price gives further confirmations such as a lower time frame flip.
Fibonacci Circle Zones🟩 The Fibonacci Circle Zones indicator is a technical visualization tool, building upon the concept of traditional Fibonacci circles. It provides configurable options for analyzing geometric relationships between price and time, used to identify potential support and resistance zones derived from circle-based projections. The indicator constructs these Fibonacci circles based on two user-selected anchor points (Point A and Point B), which define the foundational price range and time duration for the geometric analysis.
Key features include multiple mathematical Circle Formulas for radius scaling and several options for defining the circle's center point, enabling exploration of complex, non-linear geometric relationships between price and time distinct from traditional linear Fibonacci analysis. Available formulas incorporate various mathematical constants (π, e, φ variants, Silver Ratio) alongside traditional Fibonacci ratios, facilitating investigation into different scaling hypotheses. Furthermore, selecting the Center point relative to the A-B anchors allows these circular time-price patterns to be constructed and analyzed from different geometric perspectives. Analysis can be further tailored through detailed customization of up to 12 Fibonacci levels, including their mathematical values, colors, and visibility..
📚 THEORY and CONCEPT 📚
Fibonacci circles represent an application of Fibonacci principles within technical analysis, extending beyond typical horizontal price levels by incorporating the dimension of time. These geometric constructions traditionally use numerical proportions, often derived from the Fibonacci sequence, to project potential zones of price-time interaction, such as support or resistance. A theoretical understanding of such geometric tools involves considering several core components: the significance of the chosen geometric origin or center point , the mathematical principles governing the proportional scaling of successive radii, and the fundamental calculation considerations (like chart scale adjustments and base radius definitions) that influence the resulting geometry and ensure its accurate representation.
⨀ Circle Center ⨀
The traditional construction methodology for Fibonacci circles begins with the selection of two significant anchor points on the chart, usually representing a key price swing, such as a swing low (Point A) and a subsequent swing high (Point B), or vice versa. This defined segment establishes the primary vector—representing both the price range and the time duration of that specific market move. From these two points, a base distance or radius is derived (this calculation can vary, sometimes using the vertical price distance, the time duration, or the diagonal distance). A center point for the circles is then typically established, often at the midpoint (time and price) between points A and B, or sometimes anchored directly at point B.
Concentric circles are then projected outwards from this center point. The radii of these successive circles are calculated by multiplying the base distance by key Fibonacci ratios and other standard proportions. The underlying concept posits that markets may exhibit harmonic relationships or cyclical behavior that adheres to these proportions, suggesting these expanding geometric zones could highlight areas where future price movements might decelerate, reverse, or find equilibrium, reflecting a potential proportional resonance with the initial defining swing in both price and time.
The Fibonacci Circle Zones indicator enhances traditional Fibonacci circle construction by offering greater analytical depth and flexibility: it addresses the origin point of the circles: instead of being limited to common definitions like the midpoint or endpoint B, this indicator provides a selection of distinct center point calculations relative to the initial A-B swing. The underlying idea is that the geometric source from which harmonic projections emanate might vary depending on the market structure being analyzed. This flexibility allows for experimentation with different center points (derived algorithmically from the A, B, and midpoint coordinates), facilitating exploration of how price interacts with circular zones anchored from various perspectives within the defining swing.
Potential Center Points Setup : This view shows the anchor points A and B , defined by the user, which form the basis of the calculations. The indicator dynamically calculates various potential Center points ( C through N , and X ) based on the A-B structure, representing different geometric origins available for selection in the settings.
Point X holds particular significance as it represents the calculated midpoint (in both time and price) between A and B. This 'X' point corresponds to the default 'Auto' center setting upon initial application of the indicator and aligns with the centering logic used in TradingView's standard Fibonacci Circle tool, offering a familiar starting point.
The other potential center points allow for exploring circles originating from different geometric anchors relative to the A-B structure. While detailing the precise calculation for each is beyond the scope of this overview, they can be broadly categorized: points C through H are derived from relationships primarily within the A-B time/price range, whereas points I through N represent centers projected beyond point B, extrapolating the A-B geometry. Point J, for example, is calculated as a reflection of the A-X midpoint projected beyond B. This variety provides a rich set of options for analyzing circle patterns originating from historical, midpoint, and extrapolated future anchor perspectives.
Default Settings (Center X, FibCircle) : Using the default Center X (calculated midpoint) with the default FibCircle . Although circles begin plotting only after Point B is established, their curvature shows they are geometrically centered on X. This configuration matches the standard TradingView Fib Circle tool, providing a baseline.
Centering on Endpoint B : Using Point B, the user-defined end of the swing, as the Center . This anchors the circular projections directly to the swing's termination point. Unlike centering on the midpoint (X) or start point (A), this focuses the analysis on geometric expansion originating precisely from the conclusion of the measured A-B move.
Projected Center J : Using the projected Point J as the Center . Its position is calculated based on the A-B swing (conceptually, it represents a forward projection related to the A-X midpoint relationship) and is located chronologically beyond Point B. This type of forward projection often allows complete circles to be visualized as price develops into the corresponding time zone.
Time Symmetry Projection (Center L) : Uses the projected Point L as the Center . It is located at the price level of the start point (A), projected forward in time from B by the full duration of the A-B swing . This perspective focuses analysis on temporal symmetry , exploring geometric expansions from a point representing a full time cycle completion anchored back at the swing's origin price level.
⭕ Circle Formula
Beyond the center point , the expansion of the projected circles is determined by the selected Circle Formula . This setting provides different mathematical methods, or scaling options , for scaling the circle radii. Each option applies a distinct mathematical constant or relationship to the base radius derived from the A-B swing, allowing for exploration of various geometric proportions.
eScaled
Mathematical Basis: Scales the radius by Euler's number ( e ≈ 2.718), the base of natural logarithms. This constant appears frequently in processes involving continuous growth or decay.
Enables investigation of market geometry scaled by e , exploring relationships potentially based on natural exponential growth applied to time-price circles, potentially relevant for analyzing phases of accelerating momentum or volatility expansion.
FibCircle
Mathematical Basis: Scales the radius to align with TradingView’s built-in Fibonacci Circle Tool.
Provides a baseline circle size, potentially emulating scaling used in standard drawing tools, serving as a reference point for comparison with other options.
GoldenFib
Mathematical Basis: Scales the radius by the Golden Ratio (φ ≈ 1.618).
Explores the fundamental Golden Ratio proportion, central to Fibonacci analysis, applied directly to circular time-price geometry, potentially highlighting zones reflecting harmonic expansion or retracement patterns often associated with φ.
GoldenContour
Mathematical Basis: Scales the radius by a factor derived from Golden Ratio geometry (√(1 + φ²) / 2 ≈ 0.951). It represents a specific geometric relationship derived from φ.
Allows analysis using proportions linked to the geometry of the Golden Rectangle, scaled to produce circles very close to the initial base radius. This explores structural relationships often associated with natural balance or proportionality observed in Golden Ratio constructions.
SilverRatio
Mathematical Basis: Scales the radius by the Silver Ratio (1 + √2 ≈ 2.414). The Silver Ratio governs relationships in specific regular polygons and recursive sequences.
Allows exploration using the proportions of the Silver Ratio, offering a significant expansion factor based on another fundamental metallic mean for comparison with φ-based methods.
PhiDecay
Mathematical Basis: Scales the radius by φ raised to the power of -φ (φ⁻ᵠ ≈ 0.53). This unique exponentiation explores a less common, non-linear transformation involving φ.
Explores market geometry scaled by this specific phi-derived factor which is significantly less than 1.0, offering a distinct contractile proportion for analysis, potentially relevant for identifying zones related to consolidation phases or decaying momentum.
PhiSquared
Mathematical Basis: Scales the radius by φ squared, normalized by dividing by 3 (φ² / 3 ≈ 0.873).
Enables investigation of patterns related to the φ² relationship (a key Fibonacci extension concept), visualized at a scale just below 1.0 due to normalization. This scaling explores projections commonly associated with significant trend extension targets in linear Fibonacci analysis, adapted here for circular geometry.
PiScaled
Mathematical Basis: Scales the radius by Pi (π ≈ 3.141).
Explores direct scaling by the fundamental circle constant (π), investigating proportions inherent to circular geometry within the market's time-price structure, potentially highlighting areas related to natural market cycles, rotational symmetry, or full-cycle completions.
PlasticNumber
Mathematical Basis: Scales the radius by the Plastic Number (approx 1.3247), the third metallic mean. Like φ and the Silver Ratio, it is the solution to a specific cubic equation and relates to certain geometric forms.
Introduces another distinct fundamental mathematical constant for geometric exploration, comparing market proportions to those potentially governed by the Plastic Number.
SilverFib
Mathematical Basis: Scales the radius by the reciprocal Golden Ratio (1/φ ≈ 0.618).
Explores proportions directly related to the core 0.618 Fibonacci ratio, fundamental within Fibonacci-based geometric analysis, often significant for identifying primary retracement levels or corrective wave structures within a trend.
Unscaled
Mathematical Basis: No scaling applied.
Provides the base circle defined by points A/B and the Center setting without any additional mathematical scaling, serving as a pure geometric reference based on the A-B structure.
🧪 Advanced Calculation Settings
Two advanced settings allow further refinement of the circle calculations: matching the chart's scale and defining how the base radius is calculated from the A-B swing.
The Chart Scale setting ensures geometric accuracy by aligning circle calculations with the chart's vertical axis display. Price charts can use either a standard (linear) or logarithmic scale, where vertical distances represent price changes differently. The setting offers two options:
Standard : Select this option when the price chart's vertical axis is set to a standard linear scale.
Logarithmic : It is necessary to select this option if the price chart's vertical axis is set to a logarithmic scale. Doing so ensures the indicator adjusts its calculations to maintain correct geometric proportions relative to the visual price action on the log-scaled chart.
The Radius Calc setting determines how the fundamental base radius is derived from the A-B swing, offering two primary options:
Auto : This is the default setting and represents the traditional method for radius calculation. This method bases the radius calculation on the vertical price range of the A-B swing, focusing the geometry on the price amplitude.
Geometric : This setting provides an alternative calculation method, determining the base radius from the diagonal distance between Point A and Point B. It considers both the price change and the time duration relative to the chart's aspect ratio, defining the radius based on the overall magnitude of the A-B price-time vector.
This choice allows the resulting circle geometry to be based either purely on the swing's vertical price range ( Auto ) or on its combined price-time movement ( Geometric ).
🖼️ CHART EXAMPLES 🖼️
Default Behavior (X Center, FibCircle Formula) : This configuration uses the midpoint ( Center X) and the FibCircle scaling Formula , representing the indicator's effective default setup when 'Auto' is selected for both options initially. This is designed to match the output of the standard TradingView Fibonacci Circle drawing tool.
Center B with Unscaled Formula : This example shows the indicator applied to an uptrend with the Center set to Point B and the Circle Formula set to Unscaled . This configuration projects the defined levels (0.236, 0.382, etc.) as arcs originating directly from the swing's termination point (B) without applying any additional mathematical scaling from the formulas.
Visualization with Projected Center J : Here, circles are centered on the projected point J, calculated from the A-B structure but located forward in time from point B. Notice how using this forward-projected origin allows complete inner circles to be drawn once price action develops into that zone, providing a distinct visual representation of the expanding geometric field compared to using earlier anchor points. ( Unscaled formula used in this example).
PhiSquared Scaling from Endpoint B : The PhiSquared scaling Formula applied from the user-defined swing endpoint (Point B). Radii expand based on a normalized relationship with φ² (the square of the Golden Ratio), creating a unique geometric structure and spacing between the circle levels compared to other formulas like Unscaled or GoldenFib .
Centering on Swing Origin (Point A) : Illustrates using Point A, the user-defined start of the swing, as the circle Center . Note the significantly larger scale and wider spacing of the resulting circles. This difference occurs because centering on the swing's origin (A) typically leads to a larger base radius calculation compared to using the midpoint (X) or endpoint (B). ( Unscaled formula used).
Center Point D : Point D, dynamically calculated from the A-B swing, is used as the origin ( Center =D). It is specifically located at the price level of the swing's start point (A) occurring precisely at the time coordinate of the swing's end point (B). This offers a unique perspective, anchoring the geometric expansion to the initial price level at the exact moment the defining swing concludes. ( Unscaled formula shown).
Center Point G : Point G, also dynamically calculated from the A-B swing, is used as the origin ( Center =G). It is located at the price level of the swing's endpoint (B) occurring at the time coordinate of the start point (A). This provides the complementary perspective to Point D, anchoring the geometric expansion to the final price level achieved but originating from the moment the swing began . As observed in the example, using Point G typically results in very wide circle projections due to its position relative to the core A-B action. ( Unscaled formula shown).
Center Point I: Half-Duration Projection : Using the dynamically calculated Point I as the Center . Located at Point B's price level but projected forward in time by half the A-B swing duration , Point I's calculated time coordinate often falls outside the initially visible chart area. As the chart progresses, this origin point will appear, revealing large, sweeping arcs representing geometric expansions based on a half-cycle temporal projection from the swing's endpoint price. ( Unscaled formula shown).
Center Point M : Point M, also dynamically calculated from the A-B swing, serves as the origin ( Center =M). It combines the midpoint price level (derived from X) with a time coordinate projected forward from Point B by the full duration of the A-B swing . This perspective anchors the geometric expansion to the swing's balance price level but originates from the completion point of a full temporal cycle relative to the A-B move. Like other projected centers, using M allows for complete circles to be visualized as price progresses into its time zone. ( SilverFib formula shown).
Geometric Validation & Functionality : Comparing the indicator (red lines), using its default settings ( Center X, FibCircle Formula ), against TradingView's standard Fib Circle tool (green lines/white background). The precise alignment, particularly visible at the 1.50 and 2.00 levels shown, validates the core geometry calculation.
🛠️ CONFIGURATION AND SETTINGS 🛠️
The Fibonacci Circle Zones indicator offers a range of configurable settings to tailor its functionality and visual representation. These options allow customization of the circle origin, scaling method, level visibility, visual appearance, and input points.
Center and Formula
Settings for selecting the circle origin and scaling method.
Center : Dropdown menu to select the origin point for the circles.
Auto : Automatically uses point X (the calculated midpoint between A and B).
Selectable points including start/end (A, B), midpoint (X), plus various points derived from or projected beyond the A-B swing (C-N).
Circle Formula : Dropdown menu to select the mathematical method for scaling circle radii.
Auto : Automatically selects a default formula ('FibCircle' if Center is 'X', 'Unscaled' otherwise).
Includes standard Fibonacci scaling ( FibCircle, GoldenFib ), other mathematical constants ( PiScaled, eScaled ), metallic means ( SilverRatio ), phi transformations ( PhiDecay, PhiSquared ), and others.
Fib Levels
Configuration options for the 12 individual Fibonacci levels.
Advanced Settings
Settings related to core calculation methods.
Radius Calc : Defines how the base radius is calculated (e.g., 'Auto' for vertical price range, 'Geometric' for diagonal price-time distance).
Chart Scale : Aligns circle calculations with the chart's vertical axis setting ('Standard' or 'Logarithmic') for accurate visual proportions.
Visual Settings
Settings controlling the visual display of the indicator elements.
Plots : Dropdown controlling which parts of the calculated circles are displayed ( Upper , All , or Lower ).
Labels : Dropdown controlling the display of the numerical level value labels ( All , Left , Right , or None ).
Setup : Dropdown controlling the visibility of the initial setup graphics ( Show or Hide ).
Info : Dropdown controlling the visibility of the small information table ( Show or Hide ).
Text Size : Adjusts the font size for all text elements displayed by the indicator (Value ranges from 0 to 36).
Line Width : Adjusts the width of the circle plots (1-10).
Time/Price
Inputs for the anchor points defining the base swing.
These settings define the start (Point A) and end (Point B) of the price swing used for all calculations.
Point A (Time, Price) : Input fields for the exact time coordinate and price level of the swing's starting point (A).
Point B (Time, Price) : Input fields for the exact time coordinate and price level of the swing's ending point (B).
Interactive Adjustment : Points A and B can typically be adjusted directly by clicking and dragging their markers on the chart (if 'Setup' is set to 'Show'). Changes update settings automatically.
📝 NOTES 📝
Fibonacci circles begin plotting only once the time corresponding to Point B has passed and is confirmed on the chart. While potential center locations might be visible earlier (as shown in the setup graphic), the final circle calculations require the complete geometry of the A-B swing. This approach ensures that as new price bars form, the circles are accurately rendered based on the finalized A-B relationship and the chosen center and scaling.
The indicator's calculations are anchored to user-defined start (A) and end (B) points on the chart. When switching between charts with significantly different price scales (e.g., from an index at 5,000 to a crypto asset at $0.50), it is typically necessary to adjust these anchor points to ensure the circle elements are correctly positioned and scaled.
⚠️ DISCLAIMER ⚠️
The Fibonacci Circle Zones indicator is a visual analysis tool designed to illustrate Fibonacci relationships through geometric constructions incorporating curved lines, providing a structured framework for identifying potential areas of price interaction. Like all technical and visual indicators, these visual representations may visually align with key price zones in hindsight, reflecting observed price dynamics. It is not intended as a predictive or standalone trading signal indicator.
The indicator calculates levels and projections using user-defined anchor points and Fibonacci ratios. While it aims to align with TradingView’s standard Fibonacci circle tool by employing mathematical and geometric formulas, no guarantee is made that its calculations are identical to TradingView's proprietary methods.
🧠 BEYOND THE CODE 🧠
The Fibonacci Circle Zones indicator, like other xxattaxx indicators , is designed with education and community collaboration in mind. Its open-source nature encourages exploration, experimentation, and the development of new Fibonacci and grid calculation indicators and tools. We hope this indicator serves as a framework and a starting point for future Innovation and discussions.
OnChart - SuiteThe Motivation Behind OnChart Suite
In the dynamic world of trading, the ability to interpret market trends and make timely decisions is paramount. OnChart Suite was developed to empower traders by offering a comprehensive suite of tools that combine advanced analysis with intuitive user experience. The goal is to support traders in navigating complex market environments, helping them refine their strategies and gain a deeper understanding of price movements.
█ Key Features
🤖 ApexAlphaClouds: Identifies potential price rejections or breakthroughs by analyzing dynamic price ranges.
🔢 Matrix Algo: Offers multi-timeframe trend sentiment analysis using key market indicators.
🎯 CandleSniper: Detects key decision points based on phase calculation and Fibonacci levels.
🧲 MagnetZone Horizon: Highlights strategic price zones that can act as smart FVGs.
🟢 NeonZenith: Combines trend analysis with decision points and Fibonacci targets.
█ How These Tools Work Together
OnChart Suite integrates each of these powerful tools to provide traders with a comprehensive analysis framework. By combining the ApexAlphaClouds for price movement intuition, the Matrix Algo for trend sentiment, the CandleSniper for decision points, the MagnetZone Horizon for strategic price zones, and the NeonZenith for trend and target analysis, traders can develop robust trading strategies. This integration ensures that traders have access to multiple perspectives on market conditions, enhancing their ability to make calculated decisions.
█ Detailed Feature Explanations:
--------------🤖 ApexAlphaClouds --------------
How the Tool Can Help Traders
The `ApexAlphaClouds` indicator is designed to assist traders by identifying dynamic price ranges where the market tends to consolidate, which are critical for making informed trading decisions. The tool uses an ML algorithm to analyze high-price data over a set period and determines key levels on the chart, which are visualized as "clouds." These clouds represent potential support and resistance areas, where price action is likely to pause, reverse, or experience increased volatility.
The primary benefit for traders is the ability to identify these key zones in real-time, allowing them to anticipate potential market movements and plan trades accordingly. For example, if a trader sees that price is approaching a cloud boundary, they might expect a reversal or a breakout, depending on the broader market context. This can be particularly useful in range-bound markets or when looking for potential entry and exit points in trending markets.
How Traders Can Use the Indicator
Identifying Support and Resistance:
The clouds plotted by the `ApexAlphaClouds` indicator can be used to identify dynamic support and resistance levels. Traders can watch how the price reacts when it enters these clouds. If the price bounces off a lower cloud, it may suggest support, while a rejection from an upper could indicate resistance.
Trend Reversals and Continuations:
The indicator's middle cloud can help identify potential trend reversals. If price moves through the middle cloud and continues in the same direction, it could indicate a trend continuation. Conversely, if price reverses within the middle cloud, it might signal a potential trend reversal.
Volatility and Breakouts:
The distance between the upper and lower clouds can give traders an idea of market volatility. Narrow clouds suggest low volatility, which may precede a breakout, while wide clouds indicate higher volatility, where prices might oscillate within the range.
Settings Input and Their Effects
’ApexAlphaClouds` (Toggle) -This setting allows the trader to enable or disable the `ApexAlphaClouds` indicator on their chart.
Effect: When enabled, the clouds representing dynamic price ranges will be displayed on the chart. Disabling this will hide the indicator’s outputs.
Target Area Size - This setting determines the number of bars (length) the algorithm considers when collecting high prices for clustering.
Effect: A larger value will make the indicator consider a broader historical range, potentially smoothing out the clouds and identifying longer-term price ranges. A smaller value will focus on more recent price action, which might be useful for short-term trading strategies.
Accuracy - This setting specifies the number of groups that the algorithm will try to identify within the selected data range.
Effect: A higher value increases the number of identified clusters, making the indicator more sensitive to minor fluctuations in price. This can be useful for traders looking to identify multiple potential reversal points. A lower value will focus on the most prominent price clusters, which may be more relevant for long-term analysis.
Maximum Calibration - This setting controls the maximum number of iterations the machine learning algorithm will perform to find the optimal clusters.
Effect: Increasing allows the algorithm more time to refine the clusters, potentially leading to more accurate and stable clouds. However, it may also increase the computation time. Decreasing this value may speed up the process but could result in less accurate clustering.
Wide Range Calibration - This setting determines the maximum number of bars the algorithm will consider when applying the clustering.
Effect: A larger value allows the algorithm to analyse a wider range of historical data, which can help identify significant long-term price ranges. A smaller value will limit the analysis to more recent data, which might be preferable for traders focused on short-term movements.
Smoothing Factor - This setting applies a smoothing function to the clouds, reducing noise and making the price ranges more visually consistent.
Effect :A higher smoothing factor will produce smoother, more consistent clouds, which might be beneficial in volatile markets to avoid false signals. A lower smoothing factor will make the clouds more responsive to recent price changes, which could be useful for scalping or short-term trading strategies.
Usage Scenarios
Scalping:
Traders using short-term strategies might set Accuracy to a smaller value and reduce the Smoothing Factor to make the clouds more responsive to recent price action. This helps in identifying quick reversal points.
Swing Trading:
Swing traders could use a larger Target Area Size and increase Accuracy to identify key price ranges that have held over longer periods. Adjusting Wide Range Calibration to a higher value allows them to consider broader historical trends.
Trend Following:
By observing how price interacts with the clouds, trend-following traders can look for breakouts or breakdowns from the clouds to confirm entry points in the direction of the trend.
Volatility Management:
Traders can monitor the width of the clouds to gauge market volatility and adjust their strategies accordingly, tightening stops in narrow cloud ranges or widening them in broader ranges.
Conclusion
The `ApexAlphaClouds` indicator is a powerful tool for traders looking to analyze price action with a focus on dynamic price ranges. By understanding and utilizing the settings, traders can customize the indicator to fit their specific trading strategies, whether they are scalping, swing trading, or trend following. The key is to adjust the inputs based on the market context and trading goals, using the clouds as a visual guide to anticipate market movements and make informed decisions.
--------------🔢 Matrix Algo --------------
Matrix Algo is a multi-timeframe (MTF) tool designed to provide traders with a comprehensive view of market conditions across different timeframes using a combination of popular technical indicators. The indicator aggregates data from RSI, MACD, and Bollinger Bands across multiple timeframes, presenting this information in a matrix format to help traders make informed decisions based on a complete market overview. This allows traders to quickly assess the overall market sentiment and trend direction without having to manually check each indicator on different timeframes. By offering a bird’s-eye view of the market conditions.
How Traders Can Use Matrix Algo?
Identify Trends and Reversals: By analysing the matrix, traders can identify whether the market is bullish, bearish, or in consolidation across different timeframes.
Confirm Signals: The Matrix Algo can confirm signals from other trading strategies by providing additional context from multiple indicators across several timeframes.
Settings:
Toggle individual timeframes - (Monthly, Weekly, 3D, Daily, 4h, etc.) to include or exclude from the matrix.
Effect: The matrix displays whether the market conditions are favorable (green) or unfavorable (red) for each indicator and timeframe combination. This color-coded information helps traders quickly assess the market situation.
--------------🎯 CandleSniper --------------
Overview:
The CandleSniper indicator is designed to identify potential turning points in the market by combining various technical analysis tools. It leverages a combination of the MACD indicator, advanced phase analysis technique, and Fibonacci levels to highlight moments where price action may be reversing. This helps traders spot divergence opportunities and set potential target levels.
Explanation
MACD Divergence with Phase Analysis:
The indicator leverages the MACD (Moving Average Convergence Divergence) to identify divergences, which can indicate potential reversal points in the market. The MACD is computed using standard short and long lengths, along with a signal line.
An advanced phase analysis technique is employed to measure the difference between price and its moving averages, enabling the identification of cyclical turning points in the market
A potential bullish decision point is identified when the MACD line crosses above the signal line during a cyclical turning point. Conversely, a potential bearish decision point is identified when the MACD line crosses below the signal line during a cyclical turning point.
Fibonacci Levels for Targeting:
The indicator calculates Fibonacci extension levels based on recent price swings to provide target levels for potential price movements.
For a bullish setup, the indicator identifies levels above the current price as potential targets, while for a bearish setup, it identifies levels below the current price.
Fib Filter Line:
The Fib Filter Line is represented in purple for bullish turning points and white for bearish turning points. These lines serve as additional filters to help traders identify stronger, more reliable turning points in the market. Designed for those who prefer a more conservative approach, the Fib Filter Line offers an extra layer of confirmation based on price movements, allowing traders to filter out weaker signals and focus on more significant market shifts.
Inputs and Settings:
lookbackPeriod: Defines the period over which the indicator looks back to calculate the Fibonacci levels. Adjusting this setting can change the sensitivity of the decision points.
Dimmer and DimmerPeriod: These settings control the smoothing applied to the price data before the phase calculation. They help in reducing noise and ensuring that only significant price movements are considered for decision points.
How to Use:
Traders can use the CandleSniper indicator to identify potential decision points by observing the color changes on the bars and the plotted Fibonacci levels:
🟢 Bullish Decision Points:
When the indicator detects a bullish divergence, it highlights the bars in purple and plots potential upward Fibonacci levels as targets.
🔴 Bearish Decision Points:
When a bearish divergence is detected, the indicator highlights the bars in white and plots downward Fibonacci levels as targets.
These decision points can help traders identify when the market might be ready for a reversal or continuation or even use as a start point from where the trader can start his own analysis
Combining with Other Tools
The CandleSniper indicator can be combined with other OnChart tools to create a comprehensive trading framework:
🔢 Matrix Algo:
Use Matrix Algo to assess the overall market sentiment across multiple timeframes, then apply CandleSniper for pinpointing specific entry or exit points.
🤖 ApexAlphaClouds:
Overlay ApexAlphaClouds to visualise dynamic price ranges, using CandleSniper to identify decision points within these ranges.
This combination allows traders to develop a robust trading strategy that considers broader market trends and specific price action signal intuition.
--------------🧲 MagnetZone Horizon --------------
Overview:
The MagnetZone Horizon indicator is a specialized tool designed to identify potential gaps between two significant changes in the Average True Range (ATR). These gaps, calculated dynamically, serve as areas where the price might react, often acting as smart Fair Value Gaps (FVG). By highlighting these zones, traders can gain insights into where the market might find support, resistance, or potential reversal points.
How Traders Can Use This Indicator:
Identifying Smart Fair Value Gaps:
The MagnetZone Horizon indicator helps traders locate gaps between ATR shifts that are likely to act as significant decision points. These gaps can indicate areas where price corrections or consolidations might occur, providing opportunities for strategic entries or exits.
Adaptive Support and Resistance:
The levels calculated by the indicator adjust according to market volatility, offering dynamic support and resistance zones. These zones are particularly useful in identifying potential reversals or continuation patterns.
Volatility-Based Trading:
Since the indicator bases its calculations on ATR, it inherently adjusts to market conditions, allowing traders to align their strategies with the current level of volatility. This adaptability makes it suitable for both trending and range-bound markets.
Settings and Their Impact:
MagnetZone Horizon (Enable/Disable): This toggle allows traders to activate or deactivate the visualization of the MagnetZone Horizon on their charts.
Factor: This setting multiplies the ATR to scale the detected gaps. A higher factor results in broader zones, which might capture more significant market movements, while a lower factor creates tighter zones for more precise analysis.
Factor=5
Factor=7
Division: This setting works in conjunction with the Factor to further refine the gap calculations. Adjusting the Division setting allows traders to fine-tune how sensitive the indicator is to ATR changes, which can help in pinpointing more precise smart FVGs.
Use Cases:
Gap Trading:
Traders can use the identified gaps as potential areas to enter or exit trades, particularly if the price approaches these smart FVGs. The idea is to capitalize on the likelihood that the market will react to these gaps.
Reversal Identification:
The zones marked by the MagnetZone Horizon can indicate potential reversal points, especially in volatile markets where significant ATR changes suggest a shift in market sentiment.
Trend Continuation or Rejection:
By monitoring how the price interacts with these dynamically calculated zones, traders can assess whether a trend is likely to continue or reverse, aiding in more informed trading decisions.
The MagnetZone Horizon indicator is particularly useful for traders looking to identify significant gaps in market activity that are influenced by volatility. These smart FVGs provide a deeper understanding of where the market might react, offering a valuable tool for enhancing trading strategies and adds another strategic piece to the puzzle in the OnChart Suite.
--------------🟢NeonZenith Indicator--------------
Overview:
NeonZenith is a tool designed to provide traders with a better understanding of market trends and potential decision points by utilising multiple elements, including EMAs and Fibonacci levels. This indicator identifies key structures in recent price movements, helping traders recognize potential trend shifts and generate target levels for their trading strategies. Additionally, NeonZenith incorporates elements from the ApexAlphaCloud to enhance the interpretation of market sentiment, particularly regarding price rejections or breakthroughs.
Key Features:
Trend Direction Identification:
NeonZenith uses EMAs to help traders gauge the overall trend direction. By analysing the relationship between different EMAs, the tool highlights potential points where trends may strengthen or reverse, offering decision points for traders to consider in their strategies.
Decision Points:
The tool generates decision points based on EMA interactions, providing traders with crucial levels that may indicate potential market entries or exits. These decision points are derived from the intersection of EMAs, which are known for their reliability in identifying trend shifts.
Fibonacci Target Levels:
Based on the identified price structures, NeonZenith calculates Fibonacci levels that serve as potential target areas. These levels help traders set realistic goals for their trades, whether they are looking to take profits or manage risks effectively.
ApexAlphaCloud Integration:
The tool integrates a middle cloud from the ApexAlphaCloud, which helps traders anticipate potential price rejections or breakthroughs. This cloud provides additional context to the trend analysis, enhancing traders' ability to gauge the market's sentiment and make them think about potential price movements.
Settings:
Left and Right Border Width:
These settings control the lookback period for identifying significant price structures. By adjusting these parameters, traders can fine-tune the sensitivity of the indicator to recent price movements.
Fibonacci Calculation:
The tool calculates Fibonacci levels based on recent lows and highs, offering multiple targets for both long and short positions. These targets include various levels that traders can use to plan their entry, take-profit, and stop-loss orders.
Plotting and Visualization:
NeonZenith provides clear visual cues on the chart, including shapes and labels to mark significant decision points and target areas. These visual elements help traders quickly interpret the information provided by the indicator and apply it to their trading strategies.
How to Use NeonZenith:
Trend Identification:
Use the tool to identify the current trend direction by observing the interaction between the EMAs ,the flag sign and triangle, flag represent general trend changes and the triangle represents minor and inside trend changes.
Fibonacci Levels:
Use the generated Fibonacci levels to set target areas for your trades. These levels can guide you in deciding where to take profits or place stop-loss orders.
Sentiment Gauge:
Utilise the middle cloud from the ApexAlphaCloud to assess potential price rejections or breakthroughs. This feature provides additional insight into the strength of the current trend and helps you anticipate possible market reversals.
Conclusion:
NeonZenith is a versatile and simple tool designed to support traders in understanding market trends, identifying decision points, and setting realistic targets based on Fibonacci levels. Its integration with the ApexAlphaCloud enhances the tool's ability to provide a comprehensive view of market sentiment, making it a valuable addition to any trader's toolkit.
xBrat SlingshotThe xBrat Slingshot Software is designed to identify measured Pull Backs during trends. The Software then identifies two different types of “with trend” trading signals and 1 “trend failure” signal (discussed further down the logic explanation). It is important to know that every pullback is NOT tradeable and a strong set of rules/logic must be used consistently to first measure the pullback. Then a set of repeatable rules/logic is used to identify trading signals when that pullback has found support or resistance within those measured pullback zones. The xBrat Slingshot Software does this all automatically using the following logic.
Long trade
If False Breakout Stochastics (Stoch) closes below 20%, and then closes above 80%, identify a swing low as the lowest price reached since the close below 20%.
When Stoch then closes back down below N%, the algorithm will identify a swing high as the highest price reached since the close above 80.
Behind the chart the software draws a fib retracement from swing low to swing high.
If price ever closed below the 61.8 at any time between the swing high bar and the bar that closed below N%, the software cancels the setup (and undraws pullback zone visuals).
Otherwise our software draws pullback zones at the following fib percentages that are commonly used when measuring pullbacks against a trend.
Pullback zone 1: 23.6-38.2 (default green, light opacity)
Pullback zone 2: 38.2-50 (default green, medium opacity)
Pullback zone 3: 50-61.8 (default green, dark opacity)
If price enters (either closes inside of or touches) a pullback zone and then closes above it without ever closing past (below) it, the setup is confirmed and fib extension targets are drawn (distance from high swing to end of the pullback, extended from the end of the pullback):
Target zone 1: 110-127 (default green, light opacity)
Target zone 2: 161-176 (default green, medium opacity)
Target zone 3: 262-286 (default green, dark opacity)
If price closes past (below) Pullback zone 3 before the setup is confirmed, cancel the setup (and undraw visuals).
Once target zones are drawn, the setup is confirmed and never undrawn.
Short trade
Reverse of the above long trade logic.
Pullback confirmation value: N%
Default zone colour: Red
Once the pullback zone is identified and sufficient initial Support or Resistance occurs within the pullback zones, they are locked along with the target Target Zones for the current move.
Then further confluences are used with our proprietary logic to identify 3 types of Trading Signals. Just because we have a pullback during a trend, doesn't mean we are going to get straight back to the trend. We have identified 2 special sets of confluences that occur in a predefined order to ensure the trend is being returned to with momentum.
These are the Type 1 and Type 2 Trading Signals Below. Then we have another set of circumstances/confluence for when a Trend Fails and traders need to be able to trade these. This is the 3rd type of Trade, a Type 3 below.
Type 1 Trade Signals - Trend Continuation - The following MUST occur within the 3 pullback zones. This signal uses Crosses of Fast and Slow EMA’s which denote the switch back for slingshot and the trend to resume in its original direction after a measured pullback. Then we apply our proprietary EMA cloud for moving out of the pull back zones as a final confirmation for the signal to be Printed.
Type 1 Buy Signals: Fast EMA (default period N, displacement 0) closes below the slow EMA (default period N, displacement N) while in a green pullback zone, and then the fast EMA closes back above the slow EMA without price ever breaking below the last pullback zone (green zones must still be printing). Draw a horizontal line N ticks for entry above the close of the confirmation bar and extend until the lower EMA cloud line breaks it – at which point the lower EMA cloud line is shown as trailing stop
Type 1 Sell Signals: Fast EMA (default period N, displacement 0) closes above the slow EMA (default period N, displacement N) while in a red pullback zone, and then the fast EMA closes back below the slow EMA without price ever breaking above the last pullback zone (red zones must still be printing). Draw a horizontal line N ticks below the close of the confirmation bar and extend until the upper EMA cloud line breaks it – at which point the upper EMA cloud line is shown as trailing stop.
These are the most common of the trading signals when price action follows all of our standard logic rules for a pullback and starts to return in the direction of the main trend after the measured pullback. The highest probability move is to Target 2.
Type 2 Trades - Trend Continuation - For this signal type the Fast and Slow EMA’s DO NOT Cross. BUT price action has to Enter our proprietary EMA cloud and close in the cloud. Then on a set “N” bars must move back out and close outside of the EMA Cloud back in the direction of the original trend. Again, All this must be done within the Pull back Zones.
Type 2 Buy Signal: A bar closes below the upper cloud line while in a green pullback zone, and then within N bars, a bar closes above the upper cloud line without ever breaking below the last pullback zone or the lower EMA Cloud line (green zones must still be printing). Draw a horizontal line N ticks above the close of this bar and extend until the lower EMA cloud line breaks it – at which point the lower EMA cloud line is shown as trailing stop.
Type 2 Sell Signal: A bar closes above the lower cloud line while in a red pullback zone, and then within N bars, a bar closes below the lower cloud line without ever breaking above the last pullback zone or upper EMA cloud line (red zones must still be printing). Draw a horizontal line N ticks below the close of this bar and extend until the upper cloud line breaks it – at which point the upper cloud line is shown as trailing stop.
These are Shallow pullbacks, but still hit the pullback zones. The price action in this instance returns to the direction of the main trend more quickly but still follows a different set of rules to that of Type 1 trades. The Highest Probability move is to target Two
Type 3 Trades - Trend failure - These are trend failure signals where the pullback zones are printed but the price action does not return to the main trend, BUT breaks the third pullback zone and breaks the slingshot rules for a Trend following trade setup. Our proprietary EMA Cloud positioning is then used to confirm and print the signal once the leading edge( direction dependent) moves out of the last pullback zone and we get a candle close with “N” percentage of the pull backs zone's depth.
Type 3 Buy Signal: A bar closes above the highest red pullback zone without pricing previously having ever touched the first red target zone for previous short with trend move. Draw a horizontal line N ticks above the close of the bar that broke the last zone and extend until the lower cloud line breaks it – at which point the lower cloud line is shown as a trailing stop.
Type 3 Sell Signal: A bar closes below the lowest green pullback zone without pricing having ever touched the previous first green target zone for previous long with trend move. Draw a horizontal line N ticks below the close of the bar that broke the last zone and extend until the upper cloud line breaks it – at which point the upper cloud line is shown as a trailing stop.
The Trailing Stop Line is also printed to help with trade management of these 3 different types of trades. This EMA trailing stop is adjustable.
This strategy is designed for Scalping, Day Trading and even Swing Trading. Works with Forex, Crypto, Futures and Stocks.
Fibonacci Time PeriodsThe " Fibonacci Time Periods " indicator uses power exponents of the constant Phi based on your custom time period to generate Fibonacci sequence-based progression on a given chart. This tool can help to anticipate the timing of potential turning points by highlighting Fib time zones where significant price movements may occur.
It is different from other alternatives specifically for the ability to alter the rate of progression .
Most famous regular Fib sequence expands with 1.618^(n+1) rate which produces vast change just after few iterations.
Those ever-expanding big intervals don't allow us to cover the smaller details of the chart which we might find crucial. So, the idea was born to break down the constant Phi to a self-fraction using power exponents. In other words, reducing rate of progression to make the expansion more gradual without losing properties of Fibonacci proportions.
Default settings have a rate of 0.25 which is basically Phi^1/4
That means we expect 4x more lines than in regular sequence to cover missing bits owing to formula: 1.618^(0.25*(n+1))
(Line 0.618 is added to enhance visual orientation and perception of proportions)
How it works:
Exponential rate of progression
First, it works out the difference between your custom start (0) and end (1) period
The result is multiplied by 1.618^rate to get the step
Rest lines are created by iterations. For instance, with default rate of 0.25, the 1st generated line = start + (End-Start)*1.618^0.25* 1 , second line = start + (End-Start)*1.618^0.25* 2 , etc.
If we change the rate to 1 it will produce the regular fib sequence with 1.618^(n+1) rate
Fixed rate of progression:
In this mode, when rate is 0.25, it grows exactly with exponent step of 0.25 so first, second, third, etc generated lines also have the fixed exponent of 0.25. The distance between lines do not expand.
How to use:
Set the start and end dates
Choose the type of progression
Choose your desired rate of progression
Customize the colors to match your chart preferences.
Observe the generated Fibonacci time intervals and use them to identify potential market movements and reactions.
Liquidity Dependent Price Movement AlgorithmLiquidity-Dependent Price Movement (LDPM) is a metric designed to directly measure liquidity on a equity in real time, and to translate those measurements into signals to provide insights into where the anticipate price-direction is headed.
Liquidity can be characterized as a way of measuring how smoothly things are running in the market. When things are running smoothly – such as when there is good agreement as to the price of an asset, then things are considered liquid. Conversely, when things are not running smoothly, just as when the bid or the ask do not agree with each other, then things are considered not liquid. These different states have different outcome liklihoods.
In a liquid environment, a stock can trade a lot of shares without moving the price. On the other hand, when a stock is not liquid, even small volumes can move the price substantially.
It is therefore helpful to know when a stock is liquid to the upside or to the downside, or even, when a stock is not liquid to the upside or the downside. These data have statistical associations with future price movement and volatility.
The use of LDPM is straightforward:
If the price is above LDPM: bullish outlooks.
If the price is below LDPM: bearish outlooks.
There are a few key differences about LDPM as compared to other indicators, namely that timeframe matters . That means, LDPM will tailor its output to the timeframe selected. The advantage of this is that it allows LDPM to be "tailored" to the specific timeframe as desired, without having to do any conversions or adaptations mentally.
Key Settings and Configurations:
Setting - Smoothing Type of LDPM :
Default: KF.
LDPM can be smoothened if desired. There are 5 different types of smoothing available:
EMA : Exponential Smoothing
SMA : Simple Smoothing
WMA : Weighted Smoothing
RMA : Modified Smoothing
KF : Kellman Smoothing
The default is "KF" for Kellman Smoothing.
Setting - Include LDPM-Granular :
Default: Off.
LDPM-Granular is the more "raw" form of LDPM that displays the candle-specific result, rather than the smoothened result. This can be toggled on or off, if desired. LDPM granular is helpful for looking at candle-specific
Setting - Place LDPM Standard :
Default: Off.
An additional, single, LDPM line can be placed via this toggle. Settings for this LDPM can be configured directly below toggle.
Setting - Place LDPM-Fib :
Default: On.
LDPM-Fib is a default setting for displaying 5 LDPMs (LDPM-13, LDPM-21, LDPM-34, LDPM-55, and LDPM-89) whose lookbacks are spaced via the Fib sequence. Useful for those who enjoy a static relationship between the different "layers" of LDPM.
Setting - Place LDPM-Reference :
Default: Off.
Since LDPM is time-interval dependent, there may be times when a higher-order timeframe is desired to act as a reference. For instance, suppose you want to go long if the 1-Hour LDPM experiences a bullish crossover, but you want to scalp shorts on the 15-minute timeframe until then. Then you could place the chart on the 15-minute interval for your scalping, and then place a 1-Hour reference LDPM that will show you when the 1-Hour LDPM and price experience a crossover.
Note: The reference must be a higher-order timeframe. So if your chart is on the 15-minute, you can only reference timeframes greater than 15.
Setting - LDPM Box Creation :
Default: On.
Instead of implementing a reference LDPM, it is possible to display the other timeframes in a data table with conditional coloring for if the overall LDPM-Price relationship is bullish or bearish.
Why Chose LDPM
There are no other Liquidity-measuring indicators available to the retail investor. Measuring liquidity often requires the use of expensive data and high-throughput computing to be used in real-time. Neither of these requirements apply to utilizing LDPM.
Additionally, the data are supportive that LDPM provides statistically significant, price-direction-correct outlooks.
Measured MoveThis indicator was made for those who look to profit on “Measured Moves.”
Upon opening the settings one will need to set the time to begin (Start Time in settings) the colored background of the potential move areas, and the high (First Price Level in settings) and low (Second Price Level in settings) prices for the measured area for the measured move.
After those are selected they can be easily moved on the chart. I created a table for the user to tap with the pointer to highlight the setting lines for easy adjustment.
Measured moves are used by some algo’s and some traders to determine the take profit levels. They are moves from a particular pattern conclusion to a distance equal to that distance in the desired direction.
This is an image of the measured move which occurred on Dec 13th, 2023 at about 1pm on the ES 1m chart:
The center area in lightly shaded blue is the measured area. The green and red would be the same distance and would equate to the measured move distance.
This example shows the same day – the second move up was a measured move by some traders:
www.tradingview.com
Again, the same day on the way down. This one didn’t quite complete the move:
Again, same day on the way back up – almost perfect:
And, finally, the same day for the last move up:
This indicator will require the user to know what to look for in creating the measured movement. The script is quite simple – but, can be effective in assisting a user to know potential profit targets.
I conducted several searches for “measured move” and found no other indicators that provide this functionality. I understand that one could use fibs to do the same thing – but, I didn’t want to have to alter the fib settings (which I use for actual fibs) to perform this functionality.
Please comment with any questions/suggestions/etc.
Fibonacci compressionThis script will search x-bars back, if it can find a triangle formation that meets certain Fibonacci ratios.
Based on the trend-based fib extension tool from the first high to the first low and then the 2nd high (in a bullish structure, inverse for bearish), we can predict the take profit levels.
The main target is the 0.618, first take profit is at the 0.236. In a strong trend, one can aim for the 1 fib ratio.
Once the 3 points are known, the script will already plot the take profit levels. It is better to wait until the full pattern develops with a 2nd lower high and a 2nd higher low.
The way I use it, is closing 20% at TP1, 80% of the remainder at TP2 and final close out at TP3.
Stop loss is the red line which will show up after a full pattern is formed.
Plot out the profit levels with the trend based fib extension tool, because once there's a break-out of the pattern, the script won't show the compression any more. (or use the replay button to go back in time to plot it again)
The volume label will appear once there's a divergence between the low and higher low or the high and lower high. It is based on my cumulative volume script. It only works well on timeframes above 4 hour, but volume in favor of a short, doesn't always guarantee a good short setup, so don't take it for granted.
It has around a 30 - 33% chance of hitting your TP2, so make sure the risk to reward is at least 3.
Happy trading!
Harmonic Pattern Detection, Prediction, and Backtesting ToolOverview:
The ultimate harmonic XABCD pattern identification, prediction, and backtesting system.
Harmonic patterns are among the most accurate of trading signals, yet they're widely underutilized because they can be difficult to spot and tedious to validate. If you've ever come across a pattern and struggled with questions like "are these retracement ratios close enough to the harmonic ratios?" or "what are the Potential Reversal levels and are they confluent with point D?", then this tool is your new best friend. Or, if you've never traded harmonic patterns before, maybe it's time to start. Put away your drawing tools and calculators, relax, and let this indicator do the heavy lifting for you.
- Identification -
An exhaustive search across multiple pivot lengths ensures that even the sneakiest harmonic patterns are identified. Each pattern is evaluated and assigned a score, making it easy to differentiate weak patterns from strong ones. Tooltips under the pattern labels show a detailed breakdown of the pattern's score and retracement ratios (see the Scoring section below for details).
- Prediction -
After a pattern is identified, paths to potential targets are drawn, and Potential Reversal Zone (PRZ) levels are plotted based on the retracement ratios of the harmonic pattern. Targets are customizable by pattern type (e.g. you can specify one set of targets for a Gartley and another for a Bat, etc).
- Backtesting -
A table shows the results of all the patterns found in the chart. Change your target, stop-loss, and % error inputs and observe how it affects your success rate.
//------------------------------------------------------
// Scoring
//------------------------------------------------------
A percentage-based score is calculated from four components:
(1) Retracement % Accuracy - this measures how closely the pattern's retracement ratios match the theoretical values (fibs) defined for a given harmonic pattern. You can change the "Allowed fib ratio error %" in Settings to be more or less inclusive.
(2) PRZ Level Confluence - Potential Reversal Zone levels are projected from retracements of the XA and BC legs. The PRZ Level Confluence component measures the closeness of the closest XA and BC retracement levels, relative to the total height of the PRZ.
(3) Point D / PRZ Confluence - this measures the closeness of point D to either of the closest two PRZ levels (identified in the PRZ Level Confluence component above), relative to the total height of the PRZ. In theory, the closer together these levels are, the higher the probability of a reversal.
(4) Leg Length Symmetry - this measures the ΔX symmetry of each leg. You can change the "Allowed leg length asymmetry %" in settings to be more or less inclusive.
So, a score of 100% would mean that (1) all leg retracements match the theoretical fib ratios exactly (to 16 decimal places), (2) the closest XA and BC PRZ levels are exactly the same, (3) point D is exactly at the confluent PRZ level, and (4) all legs are exactly the same number of bars. While this is theoretically possible, you have better odds of getting struck by lightning twice on a sunny day.
Calculation weights of all four components can be changed in Settings.
//------------------------------------------------------
// Targets
//------------------------------------------------------
A hard-coded set of targets are available to choose from, and can be applied to each pattern type individually:
(1) .618 XA = .618 retracement of leg XA, measured from point D
(2) 1.272 XA = 1.272 retracement of leg XA, measured from point D
(3) 1.618 XA = 1.618 retracement of leg XA, measured from point D
(4) .618 CD = .618 retracement of leg CD, measured from point D
(5) 1.272 CD = 1.272 retracement of leg CD, measured from point D
(6) 1.618 CD = 1.618 retracement of leg CD, measured from point D
(7) A = point A
(8) B = point B
(9) C = point C
//------------------------------------------------------
// Stops
//------------------------------------------------------
Stop-loss levels are also user-defined, in one of three ways:
(1) % beyond the furthest PRZ level (below the PRZ level for bullish patterns, and above for bearish)
(2) % beyond point D
(3) % of distance to Target 1, beyond point D. This method allows for a proper Risk:Reward approach by defining your potential losses as a percentage of the potential gains. This is the default.
//------------------------------------------------------
// Results Table / Backtesting Statistics
//------------------------------------------------------
To properly assess the effectiveness of a specific pattern type, a time limit is enforced for a completed pattern to reach the targets or the stop level. When this time limit expires, the pattern has "timed out", and is no longer considered in the Success Rate statistics. During the time limit period, if price reaches Target 1 before reaching the Stop level, the pattern is considered successful. Conversely, if price reaches the Stop level before reaching Target 1, the pattern is considered a failure. The time limit can be changed in Settings, and is defined in terms of the total pattern length (point X to point D). It is set to 1.5 by default.
Increasing the time limit value will give you more realistic Success Rate values, but will less accurately represent the success rate of the harmonic patterns (i.e. the more time that elapses after a pattern completes, the less likely it is that the price action is related to that pattern).
//------------------------------------------------------
// Coming soon...
//------------------------------------------------------
I have a handful of other features in development, including:
(1) Drawing incomplete patterns as they develop. This will allow you more time to plan entries and stops, or potentially trade reversals from point C to point D PRZ levels.
(2) Support for the Shark and Cypher patterns
(3) Alerts
Please report any bugs, runtime errors, other issues or enhancement suggestions.
I also welcome any feedback from experienced harmonic pattern traders, especially regarding your strategy for setting targets and stop-losses.
@reees
Market Structure Break & Order Block by EmreKbThis indicator shows the market structure break (msb) and order blocks (ob). Msb occurs after the breakout old high when the price make lower lows or occurs after the breakout old low when the price make higher highs. OB occurs after the msb, ob is the last bullish candle before high if msb is bearish but if the msb is bullish then ob is the last bearish candle before low.
Zigzag Lenght - A number for the zigzag calculation
Show Zigzag - Show/Hide Zigzag lines
Fib Factor - Fib level for the breakout confirmation. For example if new high larger than old high to low fib 1+fib_factor when the down trend then it's a breakout.
