NOT-ONLY LONG V4 [Alerts]This Script is the second part of the previous one. In this second part it includes Longs and also Shorts. It is a little conservative, and is mainly used for swing trading. It can be used for everyday trading or if youโre using it for automated trading, you donโt necessarily need to run it as a bot. But you can do so if you want. To set it up without running it as a bot. Create the alerts that will send notifications to your mobile, and then when you receive an alert, you can place the order manually yourself. Maybe it could be a bit boring. But as someone said: "The Exchange is designed to transfer the money of the impatient to the patients." -Warren Buffett.
This script uses RMI + ADX + RSI, and for the main trend the famous Ichimoku, here I thought wasnโt good for anything, but look at how well it works with ETH.
I had to put the security () function only for Ichimoku. It can be used in this way without causing problems with repainting, but you have to know what measures to take to ensure it does not overlap, or so that the backtest is accurate.
indexHighTF = barstate.isrealtime ? 1 : 0
indexCurrTF = barstate.isrealtime ? 0 : 1
a0 = security(syminfo.tickerid, 'D', close , lookahead=barmerge.lookahead_off)
a = a0
The preventive measures can be found in the link below:
www.tradingview.com
This script is like the world upside down. When the price goes up and you see an opportunity, you start creating shorts and the same thing can be done by creating longs when the price goes down. It can be very effective because remember what Warren Buffett said again: "The dumbest reason in the world to buy an action is that it is going up."
It leave the position only when Taking Profits.
It does not have Stop Loss, instead, when it reaches a set % loss, it makes a re-entry by laddering the trades.
I think that the Stops Loss only serves to get you liquidate. With the erratic price movements on the Exchanges, their movements can be between 5-20%, fucking you if you have a SL !! (conspiracy theories) ;-)
This world is invented for you to lose money, it is not easy to get rich and less likely with a script, but neither is it impossible, who knows, maybe this will help or at least give extra tool in your trading.
It's more or less adjusted for my favorite crypto currency: ETH on BITMEX and I'm sure there's a much better setting.
The best Timeframe that seems to be working well: ETH: 1 H
Greetings from Barcelonaโฆ
Thanks...
BTC: 3LEUP3WjQctdbFjBavcmRGUVRBje8bptCd
BCH: qrv6j7mpxjzzs9dudfag3glu278suchdhg7c44pa37
ETH: 0x518AAD4746912ae506c82B747488306186c4d546
ETC: 0xa2498D7AcB9303aa10F14ff27C54AAc4cE5d5705
ZRX: 0x29aC9BaC10818C30055b25A8E90dd11488Ae6df8
BAT: 0x115f3F9D1c3fC248e73644a72d77A062D3CB28Ba
Cari dalam skrip untuk "ichimoku"
NOT-ONLY-LONG V4 [Backtest]Este Script es la segunda parte del anterior. Es para Longs y tambiรฉn para Shorts, es un poco conservador, y es para un trading tipo swing trading y se puede utilizar en modo manual tambiรฉn. No necesitas conectarlo a un bot para trading automรกtico, o sรญ, como quieras. Pero, solo con crear las alertas que te avisen al mรณvil, tรบ mismo podrรกs poner la orden. Quizรก es un poco aburrido. Pero alguien dijo: โLa Bolsa estรก diseรฑada para transferir el dinero de los impacientes a los pacientesโ. -Warren Buffett.
Utiliza RMI+ADX+RSI, y para la tendencia principal el famoso Ichimoku que yo mismo pensaba que no servรญa para nada, pero mรญralo que bien funciona con ETH.
Le he tenido que poner la funciรณn security() solo para Ichimoku. Se puede utilizar, pero hay que saber tomar algunas medidas para que no repinte o para que el backtest sea real, como por ejemplo:
indexHighTF = barstate.isrealtime ? 1 : 0
indexCurrTF = barstate.isrealtime ? 0 : 1
a0 = security(tickerid, 'D', close , lookahead=barmerge.lookahead_off)
a = a0
www.tradingview.com
Este script es como el mundo al revรฉs, cuando sube el precio y ve la oportunidad empieza a crear shorts y lo mismo creando longs cuando baja el precio. Puede ser muy efectivo ya que recordando a Warren Buffett otra vez: โLa razรณn mรกs tonta del mundo para comprar una acciรณn es que estรฉ subiendo.โ
Sale de la posiciรณn solo con Take Profit.
No tiene Stop Loss, en su lugar, cuando llega a un % de pรฉrdida establecida, hace una re-entrada.
Pienso que los Stops Loss solo sirven para que te liquiden la posiciรณn los propios Exchanges con sus movimientos de 5-20% a la contra asรญ que fuera el puto SL!! ๐.
Este mundo estรก inventado para que pierdas dinero, no es fรกcil hacerse rico y menos con un script, pero tampoco es imposible, quien sabe, a lo mejor sรญ o por lo menos un extra.
Estรก mรกs o menos ajustado para mi cripto favorita: ETH en BITMEX y seguro que hay un ajuste mucho mejor.
Timeframes que parece que va bien: ETH ๏ 1 H
Tenรญa ganas de desahogarme aquรญ un poco en mi idioma, el inglรฉs lo tengo un poco verde. ๐
Saludos desde Barcelonaโฆ
Gracias...
BTC: 3LEUP3WjQctdbFjBavcmRGUVRBje8bptCd
BCH: qrv6j7mpxjzzs9dudfag3glu278suchdhg7c44pa37
ETH: 0x518AAD4746912ae506c82B747488306186c4d546
ETC: 0xa2498D7AcB9303aa10F14ff27C54AAc4cE5d5705
ZRX: 0x29aC9BaC10818C30055b25A8E90dd11488Ae6df8
BAT: 0x115f3F9D1c3fC248e73644a72d77A062D3CB28Ba
RenkoMasterRenkoMaster is a variant of our popular TrendMaster Script with adjusted parameters. It can be used to provide confluence when determining Renko entries and exits.
Setting Up The Indicator
After purchase, open the TradingView indicator library. Under the Invite-Only Scripts section, you will see RenkoMaster. Add it to your chart. Next, you must customise your theme settings to allow RenkoMaster to take over control of your candle colours. You can find a complete set-up tutorial on our website.
Candle Colours
By default, RenkoMaster will colour your candles in black and white. White candles indicate an uptrend in an asset and the candles will not change colour until the trend has reversed and a counter-trend signal has been printed. Black candles indicate a downtrend, they will remain black until a counter-trend long signal candle has been printed.
Signal candles
A signal candle is printed when the price of an asset closes above or below the moving average cloud and the medium term trend moving average. By requiring two criteria for a single candle to print we will see a drastic reduction in the number of false signals.
The RenkoMaster entry technique further reduces the likelihood of false entries. To enter a trade we do not buy the signal block immediately. Instead, we treat the signal block as an indication that a trend change is possible. We want to see confirmation of this trend before making an entry. To enter we place a pending order a few ticks above or below the high or low of the signal block. By doing this we only enter a trade when the asset has shown a continuation in the direction of the suggested trend change.
Our Story
Founded in 2018 by IchimokuScholar and C00kie, TrendMaster is a team that produces technical analysis indicators with an emphasis on simplicity and noise reduction. We support a large community with educational content, automated market scanners and mentoring in our private chat rooms. We produce technical analysis indicators geared primarily towards the emerging Cryptocurrency asset class. We provide educational material to assist trader development and host a large online trend following community. All of our products are designed to help traders distinguish relevant information from background noise. Our indicators encourage disciplined trade management to maximise the opportunity captured while minimising losses.
IchimokuScholar
IchimokuScholar โ In 2017 I retired from a career in higher education to focus on Trading. I like to trade long term trends, focusing primarily on continuation setups. I am dedicated to sharing my knowledge of trading and take great pleasure in simplifying technical analysis for newer traders.
C00kie
I started trading crypto in 2017 and immediately started coding a bunch of tools to improve my quality of life. Some definitely worked out better than others. Like to trade the higher timeframes and drawing horizontal lines on charts. I am also pretty much obligated to like cookies.
TrendMaster PremiumTrendMaster
TrendMaster is a complete trend following system with strict entry, exit and trade management criteria. The indicator is optimised for weekly, daily and 4-hour candlesticks and can be used for all trending markets. It was developed primarily for less experienced traders that struggle to determine relevant information from irrelevant information when viewing a candlestick chart. The indicator was built to solve the problem that all new traders face.
Setting Up The Indicator
After purchase, open the TradingView indicator library. Under the Invite-Only Scripts section, you will see TrendMaster. Add it to your chart. Next, you must customise your theme settings to allow TrendMaster to take over control of your candle colours. You can find a complete set-up tutorial on our website.
The Cloud
The indicator includes a moving average cloud which serves as a visual guide to local support and resistance. For a signal candle to print, price must trade above the moving average cloud and above the medium-term trend. By requiring multiple criteria we drastically reduce false entries. When price exits the cloud to the upside it typically trends above and finds support at the cloud during retracements.
Candle Colours
By default, TrendMaster will colour your candles in black and white. White candles indicate an uptrend in an asset and the candles will not change colour until the trend has reversed and a counter-trend signal has been printed. Black candles indicate a downtrend, they will remain black until a counter-trend long signal candle has been printed.
Signal candles
A signal candle is printed when the price of an asset closes above or below the moving average cloud and the medium term trend moving average. By requiring two criteria for a single candle to print we will see a drastic reduction in the number of false signals.
The TrendMaster entry technique further reduces the likelihood of false entries. To enter a trade we do not buy the signal candle immediately. Instead, we treat the signal candle as an indication that a trend change is possible. We want to see confirmation of this trend before making an entry. To enter we place a pending order a few ticks above or below the high or low of the signal candle. By doing this we only enter a trade when the asset has shown a continuation in the direction of the suggested trend change.
Once a trade has been taken we remain in that trade until either we have been stopped out on the break of a Williams fractal or the trend has reversed by printing an opposite to trend signal candle. It is important that we remain with the trend to ensure that we capture the maximum opportunity available.
If you would like to use TrendMaster or any of our other Indicators, please visit my site. Here you can purchase one of our packages which include indicators, market scanner bots and a large Discord community. You will also find educational content and how to guides for our indicators.
Our Story
Founded in 2018 by IchimokuScholar and C00kie, TrendMaster is a team that produces technical analysis indicators with an emphasis on simplicity and noise reduction. We support a large community with educational content, automated market scanners and mentoring in our private chat rooms. We produce technical analysis indicators geared primarily towards the emerging Cryptocurrency asset class. We provide educational material to assist trader development and host a large online trend following community. All of our products are designed to help traders distinguish relevant information from background noise. Our indicators encourage disciplined trade management to maximise the opportunity captured while minimising losses.
IchimokuScholar
IchimokuScholar โ In 2017 I retired from a career in higher education to focus on Trading. I like to trade long term trends, focusing primarily on continuation setups. I am dedicated to sharing my knowledge of trading and take great pleasure in simplifying technical analysis for newer traders.
C00kie
I started trading crypto in 2017 and immediately started coding a bunch of tools to improve my quality of life. Some definitely worked out better than others. Like to trade the higher timeframes and drawing horizontal lines on charts. I am also pretty much obligated to like cookies.
KishokuMasterKishokuMaster
KishokuMaster is a very simple indicator designed to provide an immediate representation of the โmoodโ of the market. It provides an optimal balance of lag and smoothing to help traders establish a Bullish or Bearish bias. The underlying logic is based on Alan Hull's weighting techniques.
The indicator is optimised for weekly, daily and 4-hour candlesticks and can be used for all trending markets such as crypto, forex or stocks. It can be used as a standalone indicator, or to provide confluence when assessing TrendMaster entry opportunities.
Setting Up The Indicator
KishokuMaster can be used with either regular Japanese candlesticks or Heikin-Ashi candlesticks. Using Heikin-Ashi decreases the likelihood of whipsaw losses and provides a more stable visual representation of the trend. You can customise to any theme of your choice provided the candle borders and wicks are set to a uniform colour that contrasts the chart background.
Candle Colours
By default, KishokuMaster will colour your candles in black and white. White candles indicate an uptrend in an asset and the candles will not change colour until the trend has reversed. Black candles indicate a downtrend, they will remain black until a trend reversal occurs.
Our Story
Founded in 2018 by IchimokuScholar and C00kie, TrendMaster is a team that produces technical analysis indicators with an emphasis on simplicity and noise reduction. We support a large community with educational content, automated market scanners and mentoring in our private chat rooms. We produce technical analysis indicators geared primarily towards the emerging Cryptocurrency asset class. We provide educational material to assist trader development and host a large online trend following community. All of our products are designed to help traders distinguish relevant information from background noise. Our indicators encourage disciplined trade management to maximise the opportunity captured while minimising losses.
IchimokuScholar
IchimokuScholar โ In 2017 I retired from a career in higher education to focus on Trading. I like to trade long term trends, focusing primarily on continuation setups. I am dedicated to sharing my knowledge of trading and take great pleasure in simplifying technical analysis for newer traders.
C00kie
I started trading crypto in 2017 and immediately started coding a bunch of tools to improve my quality of life. Some definitely worked out better than others. Like to trade the higher timeframes and drawing horizontal lines on charts. I am also pretty much obligated to like cookies.
TrendMaster TrialTrendMaster Trial
This is the trial version of TrendMaster. It includes the Cloud and the candle colouring rules but does not provide the entry, exit and stop loss management of the full version.
TrendMaster is a complete trend following system with strict entry, exit and trade management criteria. The indicator is optimised for weekly, daily and 4-hour candlesticks and can be used for all trending markets such as crypto, forex or stocks. It was developed primarily for less experienced traders that struggle to determine relevant information from irrelevant information when viewing a candlestick chart. The indicator was built to solve the problem that all new traders face.
The Cloud
The indicator includes a moving average cloud which serves as a visual guide to local support and resistance. When price exits the cloud to the upside it typically trends above and finds support at the cloud during retracements.
Candle Colours
By default, TrendMaster will colour your candles in black and white. White candles indicate an uptrend in an asset and the candles will not change colour until the trend has reversed and a counter-trend signal has been printed. Black candles indicate a downtrend, they will remain black until a counter-trend long signal candle has been printed.
Setting Up The Indicator
TrendMaster is optimised for Heikin-Ashi candles. Using candles with smoothing applied decreases the likelihood of whipsaw losses and provides a stable visual representation of the trend. Ensure you have applied Heikin-Ashi candles to your chart before continuing. You can customise to any style of your choice provided the candle borders and wicks are set to a uniform colour that contrasts the chart background.
Entries and Exits
A long signal candle is a white Heikin-Ashi candle that closes above the cloud. A short signal candle is a white Heikin-Ashi candle that closes below the cloud. Entries are taken with a pending order placed at the wick with a reasonable margin for error.
Upgrading
The full version of TrendMaster contains significantly more functionality including coloured signal candles, stop loss and trailing take profit management, alerts and much more.
Our Story
Founded in 2018 by IchimokuScholar and C00kie, TrendMaster is a team that produces technical analysis indicators with an emphasis on simplicity and noise reduction. We support a large community with educational content, automated market scanners and mentoring in our private chat rooms. We produce technical analysis indicators geared primarily towards the emerging Cryptocurrency asset class. We provide educational material to assist trader development and host a large online trend following community. All of our products are designed to help traders distinguish relevant information from background noise. Our indicators encourage disciplined trade management to maximise the opportunity captured while minimising losses.
IchimokuScholar
IchimokuScholar โ In 2017 I retired from a career in higher education to focus on Trading. I like to trade long term trends, focusing primarily on continuation setups. I am dedicated to sharing my knowledge of trading and take great pleasure in simplifying technical analysis for newer traders.
C00kie
I started trading crypto in 2017 and immediately started coding a bunch of tools to improve my quality of life. Some definitely worked out better than others. Like to trade the higher timeframes and drawing horizontal lines on charts. I am also pretty much obligated to like cookies.
Same or not?This script has been coded for @IchimokuScholar (twitter.com).
Green cross is when a red/green candle closes the same colour as the preceding candle.
Red cross is when it flips.
Coded by @TAMYDUCK (twitter.com)
Same-Or-NotThis script has been coded for @IchimokuScholar (twitter.com).
Green cross is when a red/green candle closes the same colour as the preceding candle.
Red cross is when it flips.
Coded by @TAMYDUCK (twitter.com)
BRT T3 for BTC 1h [STRATEGY]## ๐ BRT T3 Adaptive Strategy for BTC 1H
STRATEGY DESCRIPTION
Professional trading strategy based on the adaptive T3 (Tillson T3) indicator with dynamic length controlled by the Relative Strength Index (RSI) . The strategy is specifically designed for Bitcoin trading on the hourly timeframe and includes a comprehensive filter system to minimize false signals.
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ฅ UNIQUE CODE FEATURES
1. RSI-Adaptive Architecture:
โข Innovative Approach: Unlike standard MA strategies with fixed periods, our code dynamically adjusts the moving average length based on RSI
โข Smart Formula: len = minLen + (maxLen - minLen) * (1 - RSI/100) - automatically accelerates response in extreme zones
โข Result: Strategy adapts to market conditions without manual reconfiguration
2. Modified Ichimoku Cloud:
โข Unique Calculation: Instead of classic high/low, uses ATR-based method
โข Dynamic Levels: Cloud is built based on volatility, not fixed periods
โข Advantage: More accurate trend determination in highly volatile cryptocurrency markets
3. Hybrid Signal System:
โข Dual-mode Generation: Switch between classic MA crossovers and volatility band breakouts
โข Multi-stage Confirmation: Optional signal verification across N forward bars
โข Effect: 40-60% reduction in false signals compared to simple MA strategies
4. All-in-One Solution:
โข 8 MA Types in One Code: The only strategy on TradingView with complete implementation of T3, EMA, SMA, WMA, VWMA, HMA, RMA, DEMA
โข Custom Functions: All MAs calculated through custom functions supporting series int
โข Versatility: One code replaces 8 different strategies
5. Intelligent Filtering:
Combination of 4 independent filters:
โโโ Volume Filter (dynamic multiplier)
โโโ Trend Filter (adaptive period)
โโโ ATR Filter (volatility)
โโโ Ichimoku Filter (cloud trend)
โข Unique Logic: Each filter can work independently or in combination
โข Master Switch: Single control for all filters
6. Advanced Risk Management:
โข Smart Stops: SL/TP levels are stored in variables and not recalculated on every bar
โข Slippage Protection: Checks both close and high/low for stop triggers
โข Visualization: Dynamic display of levels only for active positions
7. Performance Optimization:
โข Efficient Loops: Minimized calculations through intermediate result storage
โข Conditional Visualization: Element rendering only when necessary
โข Clean Code: Structured organization with clear logical block separation
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ TECHNICAL INNOVATIONS
Adaptation Algorithm (exclusive development):
// Dynamic length based on RSI
rsi_scale = 1.0 - rsi / 100.0
len_adaptive = minLen + (maxLen - minLen) * rsi_scale
ATR-based Ichimoku (unique modification):
// Instead of classic (highest + lowest) / 2
// Using ATR for dynamic levels
upper := close < upper ? min(hl2 + atr*mult, upper ) : hl2 + atr*mult
lower := close > lower ? max(hl2 - atr*mult, lower ) : hl2 - atr*mult
Multi-MA Architecture (complete implementation):
โข Each MA type has its own optimized function
โข Support for series int for dynamic length
โข Unified selection interface via switch statement
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ฏ KEY FEATURES
โข Adaptive System: Moving average length automatically adjusts based on RSI, providing quick response in trending movements and stability in sideways markets
โข 8 Moving Average Types: T3, EMA, SMA, WMA, VWMA, HMA, RMA, DEMA - ability to choose the optimal type for different market conditions
โข Multi-level Filtering:
- Volume Filter - signal confirmation with increased activity
- Trend Filter - trading in the direction of the main trend
- ATR Filter - accounting for market volatility
- Ichimoku Cloud - additional trend direction confirmation
โข Professional Risk Management: Customizable stop-loss and take-profit levels
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โ๏ธ HOW IT WORKS
1. Signal Generation:
โข Original Mode: Classic MA crossover signals with lagged version
โข Band Break Mode: Volatility band breakouts (based on standard deviation)
2. RSI Adaptation:
โข High RSI (overbought) โ uses short MA length for quick response
โข Low RSI (oversold) โ uses long MA for noise smoothing
โข Adaptation range is configured by Min/Max length parameters
3. Filter System:
โข Each filter can be enabled/disabled independently
โข Signal is generated only when passing all active filters
โข Ichimoku filter blocks counter-trend trades
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ STRATEGY PARAMETERS
Main Settings:
โข Strategy Type: Long Only / Short Only / Both
โข Data Source: Close, Open, High, Low, HL2, HLC3, OHLC4
RSI Settings:
โข RSI Length: Calculation period (default 14)
โข RSI Smoothing: Smoothing to reduce noise
T3/MA Settings:
โข Min/Max Length: Adaptive length range (5-50)
โข Volume Factor: T3 smoothing coefficient (0.7)
โข MA Type: Moving average type selection
Filters:
โข Volume Filter: Volume multiplier (1.5x average)
โข Trend Filter: Trend MA period (200)
โข ATR Filter: Minimum volatility for entry
โข Ichimoku Filter: Cloud for trend determination
Risk Management:
โข Stop Loss: Percentage from entry price (1.2%)
โข Take Profit: Percentage from entry price (5.9%)
โข Position Size: 50,000 USDT (effective leverage 5x)
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ก USAGE RECOMMENDATIONS
Optimal Conditions:
โข Timeframe: 1H (developed and optimized)
โข Instrument: BTC/USDT and other liquid cryptocurrencies
โข Market Conditions: Trending and moderately volatile markets
Customize to Your Style:
1. Conservative: Increase signal confirmation period, enable all filters
2. Aggressive: Reduce filters, use Band Break mode
3. Scalping: Decrease Min/Max length, disable trend filter
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ VISUALIZATION
Strategy displays:
โข Main MA Line - changes color depending on direction
โข Lag Line - for visualizing crossover moment
โข Volatility Bands - upper and lower boundaries
โข Trend MA - orange line (200 periods)
โข SL/TP Levels - red and green lines for open positions
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ ALERTS
Strategy supports alert configuration for:
โข Long position entry signals
โข Short position entry signals
โข Position exit signals
โข Ichimoku line crossings
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โ ๏ธ RISK WARNING
IMPORTANT NOTICE: Trading in financial markets involves substantial risk of capital loss. Past performance presented in this strategy is based solely on historical data and under no circumstances constitutes a guarantee of future returns.
The strategy author is not responsible for:
โข Any direct or indirect financial losses resulting from the use of this strategy
โข Trading decisions made based on strategy signals
โข Interpretation of backtesting results as a forecast of future performance
This strategy is provided exclusively for educational and research purposes. Backtesting results are affected by numerous factors including but not limited to: slippage, spread, commissions, market liquidity, and technical failures.
Before using the strategy in live trading:
โข Conduct your own testing on a demo account
โข Ensure understanding of all parameters and logic
โข Only use funds you can afford to lose
โข Consider consulting with a qualified financial advisor
DISCLAIMER: By using this strategy, you acknowledge and accept all risks associated with financial market trading and confirm that the author does not provide investment advice and bears no fiduciary responsibility to users.
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ TECHNICAL SUPPORT
For questions about setup and optimization:
โข Leave comments under the publication
โข Follow strategy updates
โข Study the code for deep understanding of logic
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ VERSION AND UPDATES
Version: 1.0.0
Pine Script: v6
Last Updated: 2025
Changelog:
โข Added support for 8 MA types
โข Integrated Ichimoku Cloud filter
โข Optimized risk management system
โข Improved signal visualization
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
ยฉ 2025 BRT Trading Systems
Strategy is protected by copyright. Commercial use without author's permission is prohibited.
Malama's Dashboard with HeikinMalama's Dashboard with Heikin is a comprehensive trading indicator designed to provide traders with a consolidated view of market sentiment across multiple technical indicators. It combines Ichimoku Cloud, RSI, ADX, Choppiness Index, volume analysis, momentum, divergence detection, and multi-timeframe (MTF) MACD and volume trends to generate a composite sentiment score. The indicator displays these metrics in a visually intuitive table, enabling traders to quickly assess market conditions and make informed decisions. Optionally, it supports Heikin Ashi candles to smooth price data and reduce noise, aiding in trend identification. The script solves the problem of information overload by presenting key indicators in a single, trader-friendly dashboard, reducing the need for multiple charts or indicators.
Originality and Usefulness
This script is a unique mashup of several well-known technical indicators, integrated into a cohesive dashboard with a composite sentiment score. Unlike standalone indicators like RSI or Ichimoku, this script synthesizes signals from Ichimoku Cloud, RSI, ADX, Choppiness, volume, momentum, divergence, and MTF analysis into a unified sentiment metric. The inclusion of Heikin Ashi candles as an optional input adds flexibility for traders preferring smoothed price action. The composite score, derived from weighted contributions of each indicator, provides a novel way to gauge overall market direction, which is not commonly found in public open-source scripts. While individual components like RSI or Ichimoku are widely available, the scriptโs originality lies in its integrated approach, clear table visualization, and customizable settings, making it a practical tool for traders seeking a holistic market view.
Detailed Methodology ("How It Works")
The script processes multiple technical indicators and aggregates their signals into a composite sentiment score, displayed in a table. Below is a breakdown of its core components and logic:
Heikin Ashi Candles:
Logic: Optionally applies Heikin Ashi calculations to smooth price data. Heikin Ashi candles are computed using formulas for open, high, low, and close prices, reducing market noise and emphasizing trends.
Usage: When enabled, all subsequent calculations (Ichimoku, RSI, ADX, etc.) use Heikin Ashi prices instead of regular OHLC data, potentially improving trend clarity.
Ichimoku Cloud:
Logic: Calculates the Conversion Line (9-period high/low average), Base Line (26-period high/low average), Leading Span A (average of Conversion and Base Lines), and Leading Span B (52-period high/low average).
Signals: Bullish if the close price is above both Leading Spans; bearish if below; neutral otherwise.
Average Directional Index (ADX):
Logic: Computes ADX using a 14-period (default) directional movement index, measuring trend strength. PlusDI and MinusDI are calculated from price movements, and ADX is derived from their difference.
Signals: Bullish if PlusDI > MinusDI; bearish otherwise. ADX value indicates trend strength but is not used directly in sentiment scoring.
Relative Strength Index (RSI):
Logic: Calculates RSI over a 21-period (default) using the closing price. Overbought (>75) and oversold (<25) levels are user-defined.
Signals: Bullish if RSI > 50; bearish if RSI < 50. Overbought/oversold conditions are displayed but not used in the composite score.
Momentum:
Logic: Measures the difference between the current close and the close 10 periods ago (default).
Signals: Bullish if momentum > 0; bearish if < 0; neutral if 0.
Choppiness Index:
Logic: Calculates choppiness over a 14-period (default) using ATR and price range, normalized to a 0โ100 scale. Values >61.8 indicate a sideways market; <38.2 indicate a trending market.
Signals: Bullish if choppiness < 38.2; bearish otherwise.
Volume Analysis:
Logic: Compares current volume to a 21-period (default) simple moving average (SMA). Bullish or bearish pressure is determined by whether the close is above or below the open.
Signals: Bullish if volume > 1.2x SMA and bullish pressure dominates; bearish if bearish pressure dominates; neutral otherwise.
Divergence Detection:
Logic: Identifies RSI divergences over a 5-period lookback. A bullish divergence occurs when price makes a lower low, but RSI makes a higher low; bearish divergence is the opposite.
Signals: Bullish or bearish based on divergence detection; neutral if no divergence.
Multi-Timeframe (MTF) Analysis:
Logic: Retrieves daily MACD (12, 26, 9) and volume SMA (21-period) from a higher timeframe. MACD is bullish if the MACD line > signal line; volume is bullish if current volume > daily SMA.
Signals: Bullish or bearish based on MACD and volume trends.
Composite Sentiment Score:
Logic: Aggregates signals from Ichimoku (ยฑ2), RSI (ยฑ1), ADX (ยฑ1), momentum (ยฑ1), choppiness (ยฑ1), divergence (ยฑ1), MTF MACD (ยฑ1), and MTF volume (ยฑ1). The score ranges from -8 to +8.
Signals: Bullish if score > 0; bearish if < 0; neutral if 0.
Alert Condition:
Triggers an alert when the composite sentiment flips (e.g., from bullish to bearish).
Strategy Results and Risk Management
This script is an indicator, not a strategy, and does not include backtesting or automated trade signals. However, the composite sentiment score can guide trading decisions. Assumptions for practical use include:
Commission and Slippage: Traders should account for realistic trading costs (e.g., 0.1% per trade) when acting on signals, though the script does not model these.
Risk Limits: Traders are advised to risk 5โ10% of equity per trade, depending on their strategy and the strength of the composite score (e.g., higher scores may justify larger positions).
Trade Frequency: The scriptโs signals are based on multiple indicators, ensuring sufficient trade opportunities across trending and ranging markets.
Customization: Traders can adjust risk by modifying input parameters (e.g., RSI overbought/oversold levels or lookback periods) to align with their risk tolerance. For example, tightening RSI thresholds may reduce signal frequency but increase precision.
User Settings and Customization
The script offers several user-configurable inputs, allowing traders to tailor its behavior:
Use Heikin Ashi Candles (Boolean, default: false): Enables/disables Heikin Ashi smoothing for all calculations, affecting trend clarity.
ADX Length (Integer, default: 14, min: 1): Sets the period for ADX calculations, influencing trend strength sensitivity.
RSI Length (Integer, default: 21, min: 1): Adjusts RSI calculation period, impacting overbought/oversold detection.
RSI Overbought Level (Integer, default: 75, min: 1): Sets the RSI overbought threshold.
RSI Oversold Level (Integer, default: 25, min: 1): Sets the RSI oversold threshold.
Volatility Length (Integer, default: 21, min: 1): Controls the ATR period for volatility (used in Choppiness).
Volume MA Length (Integer, default: 21, min: 1): Sets the SMA period for volume analysis.
Momentum Length (Integer, default: 10, min: 1): Defines the lookback for momentum calculations.
Choppiness Length (Integer, default: 14, min: 1): Sets the period for Choppiness Index calculations.
These settings allow traders to adjust the indicatorโs sensitivity to market conditions. For example, shorter RSI or ADX periods increase responsiveness but may generate more noise, while longer periods smooth signals but may lag.
Visualizations and Chart Setup
The script plots a table in the top-right corner of the chart, summarizing the following:
Header: Displays โMALAMAโS DASHBOARDโ in white text on a black background.
Indicator Rows: Each row corresponds to an indicator (Ichimoku, RSI, ADX, Choppiness, Volume, Momentum, Divergence, MTF MACD, MTF Volume, Composite).
Columns:
Indicator: Lists the indicator name.
Value: Shows the calculated value (e.g., RSI value, composite score) and sentiment (e.g., Bullish, Bearish, Neutral).
Color Coding: Bullish signals are green, bearish signals are red, and neutral signals are gray, all with 85% transparency for readability.
Composite Sentiment: The final row displays the composite score and sentiment, providing a quick summary of market direction.
No trend lines, signal markers, or additional overlays are plotted, ensuring the chart remains uncluttered and focused on the dashboardโs insights.
Crystal Cloud EMA# Crystal Cloud EMA Indicator ๐
The **Crystal Cloud EMA Indicator** is a hybrid technical analysis tool that uniquely merges the multi-dimensional perspective of the Ichimoku Cloud with the precision of EMA crossovers (EMA 50 & EMA 200). This integration is designed to help traders identify key market trends, dynamic support and resistance zones, and potential momentum shifts with enhanced clarity and reliability.
---
## Key Components & Originality
### Ichimoku Cloud
- **Dynamic Support & Resistance:**
Utilizes standard Ichimoku calculations to form a cloud (Kumo) that highlights areas where price may find support or resistance.
- **Visual Clarity:**
The cloudโs upper and lower boundaries provide clear visual cues of market sentiment, helping to identify potential reversal or consolidation zones.
### EMA 50 & EMA 200
- **Trend Confirmation:**
These exponential moving averages smooth price data to reveal underlying trends.
- **Crossover Signals:**
A crossover of EMA 50 and EMA 200 is used as a signal confirmationโwhen EMA 50 crosses above EMA 200, it suggests a bullish trend; when it crosses below, it indicates a bearish trend.
### Unique Integration
- **Combined Analysis for Enhanced Accuracy:**
By fusing the Ichimoku Cloudโs dynamic support/resistance zones with the precise timing of EMA crossovers, the indicator minimizes false signals.
- **Confluence of Methods:**
Only when both the cloud position and EMA crossover align does the indicator generate a trading signal, offering a more robust framework than using either method in isolation.
---
## How It Works
1. **Cloud Evaluation:**
- The indicator calculates the Ichimoku Cloud using traditional parameters, establishing dynamic zones where price reactions are likely.
- It monitors how price interacts with these zones, signaling potential momentum shifts when the price moves in or out of the cloud.
2. **EMA Crossover Analysis:**
- Simultaneously, it computes EMA 50 and EMA 200.
- **Bullish Condition:** When price is above the cloud and EMA 50 crosses above EMA 200.
- **Bearish Condition:** When price is below the cloud and EMA 50 crosses below EMA 200.
3. **Signal Confirmation:**
- A breakout from the cloud, in conjunction with a crossover, further validates the strength of the trend.
- This dual confirmation approach filters out market noise and increases the reliability of the signals.
---
## Trading Strategy & Usage
### Buy Signal
- **Conditions:**
- Price is trading above the Ichimoku Cloud.
- EMA 50 crosses above EMA 200.
- A confirmed breakout above the cloud supports the bullish trend.
- **Application:**
- Enter long positions when these conditions align.
- Use the cloudโs lower boundary for potential stop-loss placement and set profit targets based on key resistance levels identified by the cloud.
### Sell Signal
- **Conditions:**
- Price is trading below the Ichimoku Cloud.
- EMA 50 crosses below EMA 200.
- A breakdown below the cloud reinforces the bearish trend.
- **Application:**
- Enter short positions under these conditions.
- Use the cloudโs upper boundary as a reference for setting stop-loss orders and profit targets.
### Best Timeframes & Trading Styles
- **Timeframes:**
Optimally used on M30 and higher timeframes to ensure trend reliability and reduce market noise.
- **Trading Styles:**
Suitable for swing trading, intraday trading, and momentum-based strategies.
- **Risk Management:**
Always complement indicator signals with additional analysis (like volume or price action) and apply proper risk management techniques.
---
## Important Note
This indicator is a **technical analysis tool** designed to assist traders in identifying market trends and potential reversal points. It should be used in conjunction with comprehensive market analysis and proper risk management. Trading decisions should not rely solely on this indicator.
Ultimate Multi Indicator - by SachaThe Ultimate Multi Indicator: The Ultimate Guide To Profit
This custom indicator, the Ultimate Multi Indicator , integrates multiple trading indicators to have powerful buy and sell signals. I combined MACD, EMA, RSI, Bollinger Bands, Volume Profile, and Ichimoku Cloud indicators to help traders analyze both short-term and long-term price movements.
Key Components and How to Use Them
- MACD (Moving Average Convergence Divergence):
- Use for trend direction and potentiality of reversals.
- The blue line (MACD Line) crossing above the orange line (Signal Line) indicates a bullish reversal; the opposite signals a bearish reversal.
- Watch for crossovers to confirm the direction of smaller price movements.
- 200 EMA (Long) (Exponential Moving Average):
- Use to indicate a long-term trend direction.
- If the price is above the 200 EMA, the market is in an uptrend; below it suggests a downtrend.
- The chartโs background color shifts subtly green (uptrend) or red (downtrend) depending on the EMA's relative position.
- RSI (Relative Strength Index):
- Tracks momentum and overbought/oversold levels.
- RSI over 70 signifies overbought conditions; under 30 indicates oversold.
- Look for RSI turning points around these levels to identify potential reversals.
- Bollinger Bands :
- The price touching or crossing the upper Bollinger Band may mean overbought conditions are filled, while a touch at the lower band indicates oversold.
- Bollinger Band interactions often align with key reversal points, especially when combined with other signals.
- Volume Profile :
- A yellow VP line on the chart represents significant trading volume occurred.
- This line can be used as both a support and resistance level, and especially during consolidations or trend changes.
- Ichimoku Cloud :
- Identifies support/resistance levels and trend direction.
- Green and red cloud regions visually show if the price is above (bullish) or below (bearish) key levels.
- Price above the cloud (green) confirms a bullish market, while below (red) signals bearish.
Signal Conditions and Visualization
- Buy Signals :
- This is triggered right away when MACD crosses up, RSI is oversold, or price touches the lower Bollinger Band, provided price is above both the Ichimoku Cloud and the 200 EMA.
- A green โBUYโ label appears below the bar, suggesting a potential entry.
- Sell Signals :
- This signal is generated when MACD crosses down, RSI is overbought, or price touches the upper Bollinger Band, and price is below the Ichimoku Cloud and the 200 EMA.
- A red โSELLโ label is shown above the bar, indicating a potential exit.
Tips & Tricks
- Confirm Signals : Use multiple signals to confirm entries and exits. For example, if both the MACD and RSI align with the Ichimoku Cloud direction, the trade setup is stronger.
- Trend Directions : Only take buy signals if the price is above the 200 EMA, and sell signals if it is below, aligning trades with the overall trend.
- Adjust for Volatility : In high-volatility markets, especially in the crypto markets, pay close attention to the Bollinger Bands for breakout potential.
- Ichimoku as a Trend Guide : Use the Ichimoku Cloud as a guide for long-term support and resistance levels, especially for swing trades.
This multi-layered indicator gives a balanced blend of short-term signals and long-term trend insights, making it a versatile tool for day trading, swing trading, or even longer-term analysis.
Remember that indicators that will make you rich instantly don't exist. To expect minimum profit from them, you shouldn't trade all you have at the same time but only trade with the money you can afford to lose.
After that being said, I wish you traders luck with the Ultimate Multi Indicator!
Nightrangers IndicatorDescription
This indicator combines three EMA's, Ichimoku Cloud, RSI and MACD. By combining and modifying their use case this turns into an extremely powerful and accessible indicator for finding long and short position entries, below is a description of how to use this indicator, and what makes it different.
Primary Use case
The three EMA's would be the initial indicators you would be looking at, they are based on the 7d, 25d and 200d MA - Used on their own, they would be worthless, and this is where the Ichimoku Cloud comes into it, I have removed all other aspects of the Ichimoku Cloud and only kept the baseline, combine this with the three MA's and we have a very powerful indicator for finding Long entries, that is used uniquely in a way to which the Ichimoku Cloud is not originally meant to be used for.
An early indication of a LONG entry would be when the 7d MA crosses above the Ichimoku Baseline, through this early indicator, you are able to watch and monitor the chart, you would be waiting to see if the 25d MA then also crosses above the Ichimoku Baseline, This would be the second important indication of a long entry. The 200d MA helps here when making decisions on where to set your own personal take profits - If the Ichimoku baseline, and the MA's are below the 200d MA, you would be expecting a bounce point here, or heavy resistance so the long entry could be over a shorter period, than that if it was above the 200d MA, which is why it is included here, to help make a better informed choice.
The latter is reversed for finding short positions, and entries. This indicator is completely reliant on each other to find the best possible entry/exit by complementing each other, and by using the Ichimoku Baseline on it's own, and not as the Ichimoku Cloud is intended.
Just using these though, is not enough, which is why the RSI and MACD are also combined, once the conditions are met above, You may find that there can be false positives for entries, and this is where the RSI has multiple use cases within this script.
Firstly the backdrop colour will change based on whether the chart is in an uptrend or downtrend, This is a visual indicator provided to work simultaneaously on the chart itself to help identification of entries/exits easier to identify in conjunction with the above.
Secondly, It is used to display in the top right, The current Trend in a text format, as well as if the current chart is in one of three phases, these are Overbrought, Oversold and accumulation.
And finally it will display the current RSI Value on the last candle in a clear to see blue Label, This helps with the visual accessible side, to help you make a more informed choice depending on your own personal tolerance.
This ties into the above Indicators, by combining the information, you would not be looking to take a long, if for example, the RSI showed it was over-brought, and in a downtrend, even if the MA's had crossed above the Baseline, as this would most likely be a fakeout.
However if the Indicators above, showed a potential long, and the backdrop had flipped green, indicating an uptrend, and it was in an accumulation phase, you would consider this position. and this is where the MACD comes into play.
You would use the MACD to see whether or not the Signal line has crossed over the MACD line, and vice versa - However this script uses it to simplify and portray current market sentiment, and visually display by reducing clutter on screen, and making it more accessible.
It is designed to portray an easy to read and understand visual indicator by displaying in the top right simply as Bullish or Bearish, with markers above the candles ( "M" and "MX" ).
The M indicator is to show where the MACD Crosses above the Signal, and if aligned with all the other indicators within the script, shows a very strong confirmation for a buying opportunity, and vice versa for the "MX" indicator if aligned with the other indicators in reverse, provides a very strong confirmation for opening a short position or for selling.
Secondary Use case
By combining the indicators above, the secondary conditions you would be looking for, If you opened a LONG position, would be knowing when to sell, On top of what has been described above already regarding this, you would be looking to start taking profits, when the 7d MA crosses above or across the candles, and looking to close the position, when the 25d MA also crosses above the candles, and respectively, in reverse for closing short positions. This is shown across the charts to be extremely useful, however, combine this with the other indicators, portrayed in an easy to use and understand visual representation, you are now able to make more informed decisions, on whether to close a position or not.
How is it different and not just a mash up
I have combined these indicators to make the world of trading more accessible for everyone regardless of circumstances, by creating an easy to understand visual representation, keeping colours vibrant and easy to stand out, with clear and simple to read text indications. So whether you are a seasoned trader, or just starting out, you can make more informed choices, without the need of learning how to use multiple different indicators, and learning how to combine them all, or if you have difficulties learning, this indicator also simplifies a lot of the more technical intricacies, by still allowing you to make a more informed choice.
Magical SMAThis script is an intuitive trading alert system designed to identify potential entry points for both long and short positions. By utilizing a combination of Simple Moving Averages (SMA) and Ichimoku Cloud components, this script provides a robust framework for trend-following strategies.
Key Features:
SMA Crossover Detection: Monitors crossovers and crossunders between a 25-period and a 50-period SMA to signify potential bullish or bearish momentum.
Ichimoku Cloud Confirmation: Enhances the accuracy of entry signals by considering the position of the closing price relative to the Ichimoku Cloud's Lead Lines (A and B).
Long & Short Alert Conditions: Generates alert notifications for potential long and short entry signals based on the defined conditions.
Visualization: Plots the SMAs and Ichimoku Cloud components on the chart for better analysis and understanding of the prevailing market conditions.
Usage:
Long Entry Alert: Triggered when there's a crossover of the 25-period SMA above the 50-period SMA, and the closing price is above either of the Ichimoku Cloud's Lead Lines.
Short Entry Alert: Triggered when there's a crossunder of the 25-period SMA below the 50-period SMA, and the closing price is below either of the Ichimoku Cloud's Lead Lines.
This script is ideal for traders looking to capitalize on trend-following strategies with an additional layer of confirmation from the Ichimoku Cloud components. Whether you are trading equities, forex, or commodities, the "Chakibz" script is a valuable tool for identifying potential entry points and managing your trades.
iChi Masters Regular GoldSignalThis indicator is based on the Ichimoku code, and by combining the Ichimoku code with special source codes and improving the colors and signals that you can see on chart with information such as stop,target and leverage for your trades, we made the IMR indicator so that it is easier for traders to understand the Ichimoku strategy, I hope you enjoy it :)
The Buy and Sell labels on chart is based on ichimoku lines:
when the conversion and base line cross up each other and in distance of 9 candle the ichimoku cloud has green switch too,then we have a Buy label on chart and the opposite is for the Sell labels
This indicator has no backtest and you can only see the signals and the information of that
- The Risk% is the percentage of your risk on your balance so indicator gives you the proper leverage
- In Box Mode you can specify where your box should be drawn :
1 : Cr sets the box on conversion and base cross
2 : Perfect Cross sets the box on a cross which has no cross before until 26 candles
3 : Buy_Sell sets the box on Buy or Sell labels on chart
4 : Divergence Box sets the box on Divergence triangles on chart
-The C/S Distance is the distance between cross and switch for Buy and Sell labels
-The Long and Short check boxes is for showing you the information of Buy or Sell position such as stop,target and leverage.
-The Divergence section is based on ichimoku too:
In Lead divergence, we calculate the difference between lead 1 and lead 2, and a graph is formed from their difference, by comparing the obtained graph and the candles, we find the divergence between them, and they are displayed as green arrows on the chart,And in total, three types of divergence can be seen in the chart, R1, R2 and HD
In Base divergence, we calculate the difference between Conversion and Base, and a graph is formed from their difference, by comparing the obtained graph and the candles, we find the divergence between them, and they are displayed as white arrows on the chart,And in total, three types of divergence can be seen in the chart, R1, R2 and HD
-The Switch Filter means that our Lead Divergence and Base Divergence should be close to ichimoku cloud switch
-The All High means that for long arrow of Divergences The lowest price of the previous 26 candles should be equal to the lowest price of the previous 52 candles and the opposite for sell arrow of Divergence
-In the Ichi Elements section, you can choose the visible sections on the chart:
The Cloud tick is on the chart to see the Ichi Moko cloud
The Offset tick is to move the cloud to 26 candles ahead
The Conv tick is to see the Conversion line
The Base tick is on the indicator to see the Base line
The Chiko tick is there to see the Chiko Span line on the chart
Qline tick to see the Base line which has advanced 26 candles
Buy_Sell tick to see buy and sell labels
The Ready tick is used to see the label ready for buying and selling on the chart
The Cross tick is to see the moment of the cross between the conv line and Base
The PC tick is for seeing crosses that do not have a cross until the previous 26 candles
The FakeCloud tick is used to see clouds that contain less than 26 candles
-The Super Trend Goldsignal is a combination of two atr with numbers 1.6 and 0.8
The signals that are displayed on the chart are the points where both atr signaled at the same time.
-The HigherTimeFrame tick will show you Conv, Base and Lead lines multiplied by Multiply
-The C, B, and L boxes are used to specify the numbers of Conv, Base, and Lead lines, respectively
-The Conv Box tick is for plotting the highest price in 9 candles and the lowest price in 9 candles
-The Lead2 Box ticker is for drawing the highest price in 52 candles and the lowest price in 52 candles
-The Yellow Line tick 26-52 is to indicate the places where either the highest price of 52 candles and 26 candles were equal or their lowest prices.
-Purple Line ticked 52-26 is to specify the places where the highest price of 26 and 52 and the lowest price of 26 and 52 are equal.
-The Blue Line 26-9 tick is for specifying the places where the highest price of 26 and 9 and the lowest price of 26 and 9 are equal.
HYE Trend Hunter [Strategy]*** Stratejinin Tรผrkรงe ve ฤฐngilizce aรงฤฑklamasฤฑ aลaฤฤฑya eklenmiลtir.
HYE Trend Hunter
In this strategy, two of the most basic data (price and volume) necessary for detecting trends as early as possible and entering the trade on time are used. In this context, the approaches of some classical and new generation indicators using price and volume have been taken into account.
The strategy is prepared to generate buy signals only. The following steps were followed to generate the buy and exit signals.
1-) First of all, the two most basic data of the strategy, โslow leading lineโ and โfast leading lineโ need to be calculated. For this, we use the formula of the โsenkou span Aโ line of the indicator known as the Ichimoku Cloud. We also need to calculate lines known as tenkan sen and kijun sen in ichimoku because they are used in the calculation of this formula.
The high and low values of the candles are taken into account when calculating the Tenkansen, Kijunsen and Senkou Span A lines in the Ichimoku cloud. In this strategy, the highest and lowest values of the periodic VWAP are taken into account when calculating the "slow leading line" and "fast leading line". (The periodic vwap formula was coded and made available by @neolao on tradingviev). Also, in the ichimoku cloud, while the Senkou Span A line is plotted 26 periods into the future, we consider the values of the fast and slow leading lines in the last candle in this strategy.
ORIGINAL ICHIMOKU SPAN A FORMULA
Tenkansen = (Highest high of the last 9 candles + Lowest low of the last 9 candles) / 2
Kijunsen = (Highest high of the last 26 candles + Lowest low of the last 26 candles) / 2
Senkou Span A = Tenkansen + Kijunsen / 2
HYE TREND HUNTER SPAN A FORMULA*
Tenkansen = (Highest VWAP of the last 9 candles + Lowest VWAP of the last 9 candles) / 2
Kijunsen = (Highest VWAP of the last 26 candles + Lowest VWAP of the last 26 candles) / 2
Senkou Span A = Tenkansen + Kijunsen / 2
* We use the original ichimoku values 9 and 26 for the slow line, and 5 and 13 for the fast line. These settings can be changed from the strategy settings.
2-) At this stage, we have 2 lines that we obtained by using the formula of the ichimoku cloud, one of the most classical trend indicators, and by including the volume-weighted average price.
a-) Fast Leading Line (5-13)
b-) Slow Leading Line (9-26)
For the calculation we will do soon, we get a new value by taking the average of these two lines. Using this value, which is the average of the fast and slow leading lines, we plot the Bollinger Bands indicator, which is known as one of the most classic volatility indicators of technical analysis. Thus, we are trying to understand whether there is a volatility change in the market, which may mean the presence of a trend start. We will use this data in the calculation of buy-sell signals.
In the classical Bollinger Bands calculation, the standard deviation is calculated by applying a multiplier at the rate determined by the user (2 is used in the original settings) to the moving average calculated with the โclosing priceโ, and this value is added or subtracted from the moving average and upper band and lower band lines are drawn.
In the HYE Trend Hunter Strategy, instead of the moving average calculated with the closing price in the Bollinger Band calculation, we consider the average of the fast and slow leading lines calculated in the 1st step and draw the Bollinger upper and lower bands accordingly. We use the values of 2 and 20 as the standard deviation and period, as in the original settings. These settings can also be changed from the strategy settings.
3-) At this stage, we have fast and slow leading lines trying to understand the trend direction using VWAP, and Bollinger lower and upper bands calculated by the average of these lines.
In this step, we will use another tool that will help us understand whether the invested market (forex, crypto, stocks) is gaining momentum in volume. The Time Segmented Volume indicator was created by the Worden Brothers Inc. and coded by @liw0 and @vitelot on tradingview. The TSV indicator segments the price and volume of an investment instrument according to certain time periods and makes calculations on comparing these price and volume data to reveal the buying and selling periods.
To trade in the buy direction on the HYE Trend Hunter Strategy, we look for the TSV indicator to be above 0 and above its exponential moving average value. TSV period and exponential moving average period settings (13 and 7) can also be changed in the strategy settings.
BUY SIGNAL
1-) Fast Leading Line value should be higher than the Fast Leading Line value in the previous candle.
2-) Slow Leading Line value should be higher than the Slow Leading Line value in the previous candle.
3-) Candle Closing value must be higher than the Upper Bollinger Band.
4-) TSV value must be greater than 0.
5-) TSV value must be greater than TSVEMA value.
EXIT SIGNAL
1-) Fast Leading Line value should be lower than the Fast Leading Line value in the previous candle.
2-) Slow Leading Line value should be lower than the Slow Leading Line value in the previous candle.
TIPS AND WARNINGS
1-) The standard settings of the strategy work better in higher timeframes (4-hour, daily, etc.). For lower timeframes, you should change the strategy settings and find the best value for yourself.
2-) All lines (fast and slow leading lines and Bollinger bands) except TSV are displayed on the strategy. For a simpler view, you can hide these lines in the strategy settings.
3-) You can see the color changes of the fast and slow leading lines as well as you can specify a single color for these lines in the strategy settings.
4-) It is an strategy for educational and experimental purposes. It cannot be considered as investment advice. You should be careful and make your own risk assessment when opening real market trades using this strategy.
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HYE Trend Avcฤฑsฤฑ
Bu stratejide, trendlerin olabildiฤince erken tespit edilebilmesi ve zamanฤฑnda iลleme girilebilmesi iรงin gerekli olan en temel iki veriden (fiyat ve hacim) yararlanฤฑlmaktadฤฑr. Bu kapsamda, fiyat ve hacim kullanan bazฤฑ klasik ve yeni nesil indikatรถrlerin yaklaลฤฑmlarฤฑ dikkate alฤฑnmฤฑลtฤฑr.
Strateji yalnฤฑzca alฤฑล yรถnlรผ sinyaller รผretecek ลekilde hazฤฑrlanmฤฑลtฤฑr. Alฤฑล ve รงฤฑkฤฑล sinyallerinin รผretilmesi iรงin aลaฤฤฑdaki adฤฑmlar izlenmiลtir.
1-) รncelikle, stratejinin en temel iki verisi olan โyavaล รถncรผ รงizgiโ ve โhฤฑzlฤฑ รถncรผ รงizgiโ hesaplamasฤฑnฤฑn yapฤฑlmasฤฑ gerekiyor. Bunun iรงin de Ichimoku Bulutu olarak bilinen indikatรถrรผn โsenkou span Aโ รงizgisinin formรผlรผnรผ kullanฤฑyoruz. Bu formรผlรผn hesaplamasฤฑnda kullanฤฑlmalarฤฑ nedeniyle ichimokuโda tenkan sen ve kijun sen olarak bilinen รงizgileri de hesaplamamฤฑz gerekiyor.
Ichimoku bulutunda Tenkansen, Kijunsen ve Senkou Span A รงizgileri hesaplanฤฑrken mumlarฤฑn yรผksek ve dรผลรผk deฤerleri dikkate alฤฑnฤฑyor. Bu stratejide ise โyavaล รถncรผ รงizgiโ ve โhฤฑzlฤฑ รถncรผ รงizgiโ hesaplanฤฑrken periyodik VWAPโฤฑn en yรผksek ve en dรผลรผk deฤerleri dikkate alฤฑnฤฑyor. (Periyodik vwap formรผlรผ, tradingvievโde @neolao tarafฤฑndan kodlanmฤฑล ve kullanฤฑma aรงฤฑlmฤฑล). Ayrฤฑca, ichimoku bulutunda Senkou Span A รงizgisi geleceฤe yรถnelik รงizilirken (26 mum ileriye dรถnรผk) biz bu stratejide รถncรผ รงizgilerin son mumdaki deฤerlerini dikkate alฤฑyoruz.
ORJฤฐNAL ICHIMOKU SPAN A FORMรLร
Tenkansen = (Son 9 mumun en yรผksek deฤeri + Son 9 mumun en dรผลรผk deฤeri) / 2
Kijunsen = (Son 26 mumun en yรผksek deฤeri + Son 26 mumun en dรผลรผk deฤeri) / 2
Senkou Span A = Tenkansen + Kijunsen / 2
HYE TREND HUNTER SPAN A FORMรLร*
Tenkansen = (Son 9 mumun en yรผksek VWAP deฤeri + Son 9 mumun en dรผลรผk VWAP deฤeri) / 2
Kijunsen = (Son 26 mumun en yรผksek VWAP deฤeri + Son 26 mumun en dรผลรผk VWAP deฤeri) / 2
Senkou Span A = Tenkansen + Kijunsen / 2
* Yavaล รงizgi iรงin orijinal ichimoku deฤerleri olan 9 ve 26โyฤฑ kullanฤฑrken, hฤฑzlฤฑ รงizgi iรงin 5 ve 13โรผ kullanฤฑyoruz. Bu ayarlar, strateji ayarlarฤฑndan deฤiลtirilebiliyor.
2-) Bu aลamada, elimizde en klasik trend indikatรถrlerinden birisi olan ichimoku bulutunun formรผlรผnden faydalanarak, iลin iรงinde hacim aฤฤฑrlฤฑklฤฑ ortalama fiyatฤฑ da sokmak suretiyle elde ettiฤimiz 2 รงizgimiz var.
a-) Hฤฑzlฤฑ รncรผ รizgi (5-13)
b-) Yavaล รncรผ รizgi (9-26)
Birazdan yapacaฤฤฑmฤฑz hesaplama iรงin bu iki รงizginin de ortalamasฤฑnฤฑ alarak yeni bir deฤer elde ediyoruz. Hฤฑzlฤฑ ve yavaล รถncรผ รงizgilerin ortalamasฤฑ olan bu deฤeri kullanarak, teknik analizin en klasik volatilite indikatรถrlerinden birisi olarak bilinen Bollinger Bantlarฤฑ indikatรถrรผnรผ รงizdiriyoruz. Bรถylelikle piyasada bir trend baลlangฤฑcฤฑnฤฑn varlฤฑฤฤฑ anlamฤฑna gelebilecek volatilite deฤiลikliฤi var mฤฑ yok mu anlamaya รงalฤฑลฤฑyoruz. Bu veriyi al-sat sinyallerinin hesaplamasฤฑnda kullanacaฤฤฑz.
Klasik Bollinger Bantlarฤฑ hesaplamasฤฑnda, โkapanฤฑล fiyatฤฑylaโ hesaplanan hareketli ortalamaya, kullanฤฑcฤฑ olarak belirlenen oranda (orijinal ayarlarฤฑnda 2 kullanฤฑlฤฑr) bir รงarpan uygulanarak standart sapma hesaplanฤฑyor ve bu deฤer hareketli ortalamaya eklenip รงฤฑkartฤฑlarak รผst bant ve alt bant รงizgileri รงiziliyor.
HYE Trend Avcฤฑsฤฑ stratejisinde, Bollinger Bandฤฑ hesaplamasฤฑnda kapanฤฑล fiyatฤฑyla hesaplanan hareketli ortalama yerine, 1. adฤฑmda hesapladฤฑฤฤฑmฤฑz hฤฑzlฤฑ ve yavaล รถncรผ รงizgilerin ortalamasฤฑnฤฑ dikkate alฤฑyoruz ve buna gรถre bollinger รผst ve alt bantlarฤฑnฤฑ รงizdiriyoruz. Standart sapma ve periyot olarak yine orijinal ayarlarฤฑnda olduฤu gibi 2 ve 20 deฤerlerini kullanฤฑyoruz. Bu ayarlar da strateji ayarlarฤฑndan deฤiลtirilebiliyor.
3-) Bu aลamada, elimizde VWAP kullanarak trend yรถnรผnรผ anlamaya รงalฤฑลan hฤฑzlฤฑ ve yavaล รถncรผ รงizgilerimiz ile bu รงizgilerin ortalamasฤฑ ile hesaplanan bollinger alt ve รผst bantlarฤฑmฤฑz var.
Bu adฤฑmda, yatฤฑrฤฑm yapฤฑlan piyasanฤฑn (forex, kripto, hisse senedi) hacimsel olarak ivme kazanฤฑp kazanmadฤฑฤฤฑnฤฑ anlamamฤฑza yarayacak bir araรง daha kullanacaฤฤฑz. Time Segmented Volume indikatรถrรผ, Worden Kardeลler ลirketi tarafฤฑndan oluลturulmuล ve tradingviewโde @liw0 ve @vitelot tarafฤฑndan kodlanarak kullanฤฑma aรงฤฑlmฤฑล. TSV indikatรถrรผ, bir yatฤฑrฤฑm aracฤฑnฤฑn fiyatฤฑnฤฑ ve hacmini belirli zaman aralฤฑklarฤฑna gรถre bรถlรผmlere ayฤฑrarak, bu fiyat ve hacim verilerini, alฤฑล ve satฤฑล dรถnemlerini ortaya รงฤฑkarmak iรงin karลฤฑlaลtฤฑrmak รผzerine hesaplamalar yapar.
HYE Trend Avcฤฑsฤฑ stratejisinde alฤฑล yรถnรผnde iลlem yapmak iรงin, TSV indikatรถrรผnรผn 0โฤฑn รผzerinde olmasฤฑnฤฑ ve kendi รผstel hareketli ortalama deฤerinin รผzerinde olmasฤฑnฤฑ arฤฑyoruz. TSV periyodu ve รผstel hareketli ortalama periyodu ayarlarฤฑ da (13 ve 7) strateji ayarlarฤฑndan deฤiลtirilebiliyor.
ALIล SฤฐNYALฤฐ
1-) Hฤฑzlฤฑ รncรผ รizgi deฤeri bir รถnceki mumdaki Hฤฑzlฤฑ รncรผ รizgi deฤerinden yรผksek olmalฤฑ.
2-) Yavaล รncรผ รizgi deฤeri bir รถnceki mumdaki Yavaล รncรผ รizgi deฤerinden yรผksek olmalฤฑ.
3-) Kapanฤฑล Deฤeri, รst Bollinger Bandฤฑ deฤerinden yรผksek olmalฤฑ.
4-) TSV deฤeri 0โdan bรผyรผk olmalฤฑ.
5-) TSV deฤeri TSVEMA deฤerinden bรผyรผk olmalฤฑ.
รIKIล SฤฐNYALฤฐ
1-) Hฤฑzlฤฑ รncรผ รizgi deฤeri bir รถnceki mumdaki Hฤฑzlฤฑ รncรผ รizgi deฤerinden dรผลรผk olmalฤฑ.
2-) Yavaล รncรผ รizgi deฤeri bir รถnceki mumdaki Yavaล รncรผ รizgi deฤerinden dรผลรผk olmalฤฑ.
ฤฐPUรLARI VE UYARILAR
1-) Stratejinin standart ayarlarฤฑ, yรผksek zaman dilimlerinde (4 saatlik, gรผnlรผk vs.) daha iyi รงalฤฑลฤฑyor. Dรผลรผk zaman dilimleri iรงin strateji ayarlarฤฑnฤฑ deฤiลtirmeli ve kendiniz iรงin en iyi deฤeri bulmalฤฑsฤฑnฤฑz.
2-) Stratejide tรผm รงizgiler (hฤฑzlฤฑ ve yavaล รถncรผ รงizgiler ile bollinger bantlarฤฑ) -TSV dฤฑลฤฑnda- aรงฤฑk olarak gelmektedir. Daha sade bir gรถrรผntรผ iรงin bu รงizgilerin gรถrรผnรผrlรผฤรผnรผ strateji ayarlarฤฑndan gizleyebilirsiniz.
3-) Hฤฑzlฤฑ ve yavaล รถncรผ รงizgilerin renk deฤiลimlerini gรถrebileceฤiniz gibi bu รงizgiler iรงin tek bir renk olarak da strateji ayarlarฤฑnda belirleme yapabilirsiniz.
4-) Eฤitim ve deneysel amaรงlฤฑ bir stratejidir. Yatฤฑrฤฑm tavsiyesi olarak deฤerlendirilemez. Bu stratejiyi kullanarak gerรงek piyasa iลlem aรงarken dikkatli olmalฤฑ ve kendi risk deฤerlendirmenizi yapmalฤฑsฤฑnฤฑz.
HYE Trend Hunter [Indicator]*** ฤฐndikatรถrรผn Tรผrkรงe ve ฤฐngilizce aรงฤฑklamasฤฑ aลaฤฤฑya eklenmiลtir.
HYE Trend Hunter
In this indicator, two of the most basic data (price and volume) necessary for detecting trends as early as possible and entering the trade on time are used. In this context, the approaches of some classical and new generation indicators using price and volume have been taken into account.
The indicator is prepared to generate buy signals only. The following steps were followed to generate the buy and exit signals.
1-) First of all, the two most basic data of the indicator, โslow leading lineโ and โfast leading lineโ need to be calculated. For this, we use the formula of the โsenkou span Aโ line of the indicator known as the Ichimoku Cloud. We also need to calculate lines known as tenkan sen and kijun sen in ichimoku because they are used in the calculation of this formula.
The high and low values of the candles are taken into account when calculating the Tenkansen, Kijunsen and Senkou Span A lines in the Ichimoku cloud. In this indicator, the highest and lowest values of the periodic VWAP are taken into account when calculating the "slow leading line" and "fast leading line". (The periodic vwap formula was coded and made available by @neolao on tradingviev). Also, in the ichimoku cloud, while the Senkou Span A line is plotted 26 periods into the future, we consider the values of the fast and slow leading lines in the last candle in this indicator.
ORIGINAL ICHIMOKU SPAN A FORMULA
Tenkansen = (Highest high of the last 9 candles + Lowest low of the last 9 candles) / 2
Kijunsen = (Highest high of the last 26 candles + Lowest low of the last 26 candles) / 2
Senkou Span A = Tenkansen + Kijunsen / 2
HYE TREND HUNTER SPAN A FORMULA*
Tenkansen = (Highest VWAP of the last 9 candles + Lowest VWAP of the last 9 candles) / 2
Kijunsen = (Highest VWAP of the last 26 candles + Lowest VWAP of the last 26 candles) / 2
Senkou Span A = Tenkansen + Kijunsen / 2
* We use the original ichimoku values 9 and 26 for the slow line, and 5 and 13 for the fast line. These settings can be changed from the indicator settings.
2-) At this stage, we have 2 lines that we obtained by using the formula of the ichimoku cloud, one of the most classical trend indicators, and by including the volume-weighted average price.
a-) Fast Leading Line (5-13)
b-) Slow Leading Line (9-26)
For the calculation we will do soon, we get a new value by taking the average of these two lines. Using this value, which is the average of the fast and slow leading lines, we plot the Bollinger Bands indicator, which is known as one of the most classic volatility indicators of technical analysis. Thus, we are trying to understand whether there is a volatility change in the market, which may mean the presence of a trend start. We will use this data in the calculation of buy-sell signals.
In the classical Bollinger Bands calculation, the standard deviation is calculated by applying a multiplier at the rate determined by the user (2 is used in the original settings) to the moving average calculated with the โclosing priceโ, and this value is added or subtracted from the moving average and upper band and lower band lines are drawn.
In the HYE Trend Hunter indicator, instead of the moving average calculated with the closing price in the Bollinger Band calculation, we consider the average of the fast and slow leading lines calculated in the 1st step and draw the Bollinger upper and lower bands accordingly. We use the values of 2 and 20 as the standard deviation and period, as in the original settings. These settings can also be changed from the indicator settings.
3-) At this stage, we have fast and slow leading lines trying to understand the trend direction using VWAP, and Bollinger lower and upper bands calculated by the average of these lines.
In this step, we will use another tool that will help us understand whether the invested market (forex, crypto, stocks) is gaining momentum in volume. The Time Segmented Volume indicator was created by the Worden Brothers Inc. and coded by @liw0 and @vitelot on tradingview. The TSV indicator segments the price and volume of an investment instrument according to certain time periods and makes calculations on comparing these price and volume data to reveal the buying and selling periods.
To trade in the buy direction on the HYE Trend Hunter indicator, we look for the TSV indicator to be above 0 and above its exponential moving average value. TSV period and exponential moving average period settings (13 and 7) can also be changed in the indicator settings.
BUY SIGNAL
1-) Fast Leading Line value should be higher than the Fast Leading Line value in the previous candle.
2-) Slow Leading Line value should be higher than the Slow Leading Line value in the previous candle.
3-) Candle Closing value must be higher than the Upper Bollinger Band.
4-) TSV value must be greater than 0.
5-) TSV value must be greater than TSVEMA value.
EXIT SIGNAL
1-) Fast Leading Line value should be lower than the Fast Leading Line value in the previous candle.
2-) Slow Leading Line value should be lower than the Slow Leading Line value in the previous candle.
TIPS AND WARNINGS
1-) The standard settings of the indicator work better in higher timeframes (4-hour, daily, etc.). For lower timeframes, you should change the indicator settings and find the best value for yourself.
2-) All lines (fast and slow leading lines and Bollinger bands) except TSV are displayed on the indicator. For a simpler view, you can hide these lines in the indicator settings.
3-) You can see the color changes of the fast and slow leading lines as well as you can specify a single color for these lines in the Indicator settings.
4-) Alarms have been added for Buy and Exit. When setting up the alarm, you should set it to be triggered at "every bar close". Otherwise it may repaint. There is no repaint after the candle closes.
5-) It is an indicator for educational and experimental purposes. It cannot be considered as investment advice. You should be careful and make your own risk assessment when opening real market trades using this indicator.
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HYE Trend Avcฤฑsฤฑ
Bu indikatรถrde, trendlerin olabildiฤince erken tespit edilebilmesi ve zamanฤฑnda iลleme girilebilmesi iรงin gerekli olan en temel iki veriden (fiyat ve hacim) yararlanฤฑlmaktadฤฑr. Bu kapsamda, fiyat ve hacim kullanan bazฤฑ klasik ve yeni nesil indikatรถrlerin yaklaลฤฑmlarฤฑ dikkate alฤฑnmฤฑลtฤฑr.
ฤฐndikatรถr yalnฤฑzca alฤฑล yรถnlรผ sinyaller รผretecek ลekilde hazฤฑrlanmฤฑลtฤฑr. Alฤฑล ve รงฤฑkฤฑล sinyallerinin รผretilmesi iรงin aลaฤฤฑdaki adฤฑmlar izlenmiลtir.
1-) รncelikle, indikatรถrรผn en temel iki verisi olan โyavaล รถncรผ รงizgiโ ve โhฤฑzlฤฑ รถncรผ รงizgiโ hesaplamasฤฑnฤฑn yapฤฑlmasฤฑ gerekiyor. Bunun iรงin de Ichimoku Bulutu olarak bilinen indikatรถrรผn โsenkou span Aโ รงizgisinin formรผlรผnรผ kullanฤฑyoruz. Bu formรผlรผn hesaplamasฤฑnda kullanฤฑlmalarฤฑ nedeniyle ichimokuโda tenkan sen ve kijun sen olarak bilinen รงizgileri de hesaplamamฤฑz gerekiyor.
Ichimoku bulutunda Tenkansen, Kijunsen ve Senkou Span A รงizgileri hesaplanฤฑrken mumlarฤฑn yรผksek ve dรผลรผk deฤerleri dikkate alฤฑnฤฑyor. Bu indikatรถrde ise โyavaล รถncรผ รงizgiโ ve โhฤฑzlฤฑ รถncรผ รงizgiโ hesaplanฤฑrken periyodik VWAPโฤฑn en yรผksek ve en dรผลรผk deฤerleri dikkate alฤฑnฤฑyor. (Periyodik vwap formรผlรผ, tradingvievโde @neolao tarafฤฑndan kodlanmฤฑล ve kullanฤฑma aรงฤฑlmฤฑล). Ayrฤฑca, ichimoku bulutunda Senkou Span A รงizgisi geleceฤe yรถnelik รงizilirken (26 mum ileriye dรถnรผk) biz bu indikatรถrde รถncรผ รงizgilerin son mumdaki deฤerlerini dikkate alฤฑyoruz.
ORJฤฐNAL ICHIMOKU SPAN A FORMรLร
Tenkansen = (Son 9 mumun en yรผksek deฤeri + Son 9 mumun en dรผลรผk deฤeri) / 2
Kijunsen = (Son 26 mumun en yรผksek deฤeri + Son 26 mumun en dรผลรผk deฤeri) / 2
Senkou Span A = Tenkansen + Kijunsen / 2
HYE TREND HUNTER SPAN A FORMรLร*
Tenkansen = (Son 9 mumun en yรผksek VWAP deฤeri + Son 9 mumun en dรผลรผk VWAP deฤeri) / 2
Kijunsen = (Son 26 mumun en yรผksek VWAP deฤeri + Son 26 mumun en dรผลรผk VWAP deฤeri) / 2
Senkou Span A = Tenkansen + Kijunsen / 2
* Yavaล รงizgi iรงin orijinal ichimoku deฤerleri olan 9 ve 26โyฤฑ kullanฤฑrken, hฤฑzlฤฑ รงizgi iรงin 5 ve 13โรผ kullanฤฑyoruz. Bu ayarlar, indikatรถr ayarlarฤฑndan deฤiลtirilebiliyor.
2-) Bu aลamada, elimizde en klasik trend indikatรถrlerinden birisi olan ichimoku bulutunun formรผlรผnden faydalanarak, iลin iรงinde hacim aฤฤฑrlฤฑklฤฑ ortalama fiyatฤฑ da sokmak suretiyle elde ettiฤimiz 2 รงizgimiz var.
a-) Hฤฑzlฤฑ รncรผ รizgi (5-13)
b-) Yavaล รncรผ รizgi (9-26)
Birazdan yapacaฤฤฑmฤฑz hesaplama iรงin bu iki รงizginin de ortalamasฤฑnฤฑ alarak yeni bir deฤer elde ediyoruz. Hฤฑzlฤฑ ve yavaล รถncรผ รงizgilerin ortalamasฤฑ olan bu deฤeri kullanarak, teknik analizin en klasik volatilite indikatรถrlerinden birisi olarak bilinen Bollinger Bantlarฤฑ indikatรถrรผnรผ รงizdiriyoruz. Bรถylelikle piyasada bir trend baลlangฤฑcฤฑnฤฑn varlฤฑฤฤฑ anlamฤฑna gelebilecek volatilite deฤiลikliฤi var mฤฑ yok mu anlamaya รงalฤฑลฤฑyoruz. Bu veriyi al-sat sinyallerinin hesaplamasฤฑnda kullanacaฤฤฑz.
Klasik Bollinger Bantlarฤฑ hesaplamasฤฑnda, โkapanฤฑล fiyatฤฑylaโ hesaplanan hareketli ortalamaya, kullanฤฑcฤฑ olarak belirlenen oranda (orijinal ayarlarฤฑnda 2 kullanฤฑlฤฑr) bir รงarpan uygulanarak standart sapma hesaplanฤฑyor ve bu deฤer hareketli ortalamaya eklenip รงฤฑkartฤฑlarak รผst bant ve alt bant รงizgileri รงiziliyor.
HYE Trend Avcฤฑsฤฑ indikatรถrรผnde, Bollinger Bandฤฑ hesaplamasฤฑnda kapanฤฑล fiyatฤฑyla hesaplanan hareketli ortalama yerine, 1. adฤฑmda hesapladฤฑฤฤฑmฤฑz hฤฑzlฤฑ ve yavaล รถncรผ รงizgilerin ortalamasฤฑnฤฑ dikkate alฤฑyoruz ve buna gรถre bollinger รผst ve alt bantlarฤฑnฤฑ รงizdiriyoruz. Standart sapma ve periyot olarak yine orijinal ayarlarฤฑnda olduฤu gibi 2 ve 20 deฤerlerini kullanฤฑyoruz. Bu ayarlar da indikatรถr ayarlarฤฑndan deฤiลtirilebiliyor.
3-) Bu aลamada, elimizde VWAP kullanarak trend yรถnรผnรผ anlamaya รงalฤฑลan hฤฑzlฤฑ ve yavaล รถncรผ รงizgilerimiz ile bu รงizgilerin ortalamasฤฑ ile hesaplanan bollinger alt ve รผst bantlarฤฑmฤฑz var.
Bu adฤฑmda, yatฤฑrฤฑm yapฤฑlan piyasanฤฑn (forex, kripto, hisse senedi) hacimsel olarak ivme kazanฤฑp kazanmadฤฑฤฤฑnฤฑ anlamamฤฑza yarayacak bir araรง daha kullanacaฤฤฑz. Time Segmented Volume indikatรถrรผ, Worden Kardeลler ลirketi tarafฤฑndan oluลturulmuล ve tradingviewโde @liw0 ve @vitelot tarafฤฑndan kodlanarak kullanฤฑma aรงฤฑlmฤฑล. TSV indikatรถrรผ, bir yatฤฑrฤฑm aracฤฑnฤฑn fiyatฤฑnฤฑ ve hacmini belirli zaman aralฤฑklarฤฑna gรถre bรถlรผmlere ayฤฑrarak, bu fiyat ve hacim verilerini, alฤฑล ve satฤฑล dรถnemlerini ortaya รงฤฑkarmak iรงin karลฤฑlaลtฤฑrmak รผzerine hesaplamalar yapar.
HYE Trend Avcฤฑsฤฑ indikatรถrรผnde alฤฑล yรถnรผnde iลlem yapmak iรงin, TSV indikatรถrรผnรผn 0โฤฑn รผzerinde olmasฤฑnฤฑ ve kendi รผstel hareketli ortalama deฤerinin รผzerinde olmasฤฑnฤฑ arฤฑyoruz. TSV periyodu ve รผstel hareketli ortalama periyodu ayarlarฤฑ da (13 ve 7) indikatรถr ayarlarฤฑndan deฤiลtirilebiliyor.
ALIล SฤฐNYALฤฐ
1-) Hฤฑzlฤฑ รncรผ รizgi deฤeri bir รถnceki mumdaki Hฤฑzlฤฑ รncรผ รizgi deฤerinden yรผksek olmalฤฑ.
2-) Yavaล รncรผ รizgi deฤeri bir รถnceki mumdaki Yavaล รncรผ รizgi deฤerinden yรผksek olmalฤฑ.
3-) Kapanฤฑล Deฤeri, รst Bollinger Bandฤฑ deฤerinden yรผksek olmalฤฑ.
4-) TSV deฤeri 0โdan bรผyรผk olmalฤฑ.
5-) TSV deฤeri TSVEMA deฤerinden bรผyรผk olmalฤฑ.
รIKIล SฤฐNYALฤฐ
1-) Hฤฑzlฤฑ รncรผ รizgi deฤeri bir รถnceki mumdaki Hฤฑzlฤฑ รncรผ รizgi deฤerinden dรผลรผk olmalฤฑ.
2-) Yavaล รncรผ รizgi deฤeri bir รถnceki mumdaki Yavaล รncรผ รizgi deฤerinden dรผลรผk olmalฤฑ.
ฤฐPUรLARI VE UYARILAR
1-) ฤฐndikatรถrรผn standart ayarlarฤฑ, yรผksek zaman dilimlerinde (4 saatlik, gรผnlรผk vs.) daha iyi รงalฤฑลฤฑyor. Dรผลรผk zaman dilimleri iรงin indikatรถr ayarlarฤฑnฤฑ deฤiลtirmeli ve kendiniz iรงin en iyi deฤeri bulmalฤฑsฤฑnฤฑz.
2-) ฤฐndikatรถrde tรผm รงizgiler (hฤฑzlฤฑ ve yavaล รถncรผ รงizgiler ile bollinger bantlarฤฑ) -TSV dฤฑลฤฑnda- aรงฤฑk olarak gelmektedir. Daha sade bir gรถrรผntรผ iรงin bu รงizgilerin gรถrรผnรผrlรผฤรผnรผ indikatรถr ayarlarฤฑndan gizleyebilirsiniz.
3-) Hฤฑzlฤฑ ve yavaล รถncรผ รงizgilerin renk deฤiลimlerini gรถrebileceฤiniz gibi bu รงizgiler iรงin tek bir renk olarak da ฤฐndikatรถr ayarlarฤฑnda belirleme yapabilirsiniz.
4-) Alฤฑล ve รฤฑkฤฑล iรงin alarmlar eklenmiลtir. Alarm kurulumu yaparken โHer รงubuk kapanฤฑลฤฑndaโ tetiklenecek ลekilde ayarlama yapmalฤฑsฤฑnฤฑz. Aksi takdirde repaint yapabilir. Mum kapanฤฑลฤฑndan sonra repaint sรถz konusu deฤildir.
5-) Eฤitim ve deneysel amaรงlฤฑ bir indikatรถrdรผr. Yatฤฑrฤฑm tavsiyesi olarak deฤerlendirilemez. Bu indikatรถrรผ kullanarak gerรงek piyasa iลlem aรงarken dikkatli olmalฤฑ ve kendi risk deฤerlendirmenizi yapmalฤฑsฤฑnฤฑz.
Box Trade with RenatoTrade with Renato contains 3 tackled, Ichimoku Cloud, Various Moving Averages and Bollinger Bands.
This strategy is simple and effective, always looking for clearer entry signals to trade.
Description:
Long
Conversion Line crossing Ichimoku Baseline from bottom to top, Start at candlestick low after crossing!
Conversion Line Crossing Bollinger Band Base, End!
STOP on the Bottom Line of the Band.
Short
Conversion Line crossing Ichimoku Baseline from top to bottom, Start at candlestick low after crossing!
Conversion Line Crossing Bollinger Band Base, End!
STOP at the Top Line of the Band.
Settings:
You can edit as colors in the indicator settings and select the media you want to use.
Also the possibility to activate in settings such as Bollinger bands.
There is also the possibility to edit as medium media.
You can also disable or enable Ichimoku Cloud
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Trade with Renato contรฉm 3 estratรฉgias, Nuvem de Ichimoku, Diversas Mรฉdias Mรณveis e Bandas de Bollinger.
Essa estratรฉgia รฉ simples e eficaz, procurando sempre sinais de entradas mais claros para o trade.
Descriรงรฃo:
Long
Conversion Line cruzando a Base Line Ichimoku de baixo para cima, Inรญcio na minima do candle apรณs cruzamento!
Conversion Line cruzando a Base da Banda de Bollinger, Fim!
STOP na Linha Inferior da Banda.
Short
Conversion Line cruzando a Base Line Ichimoku de cima para baixo, Inรญcio na minima do candle apรณs cruzamento!
Conversion Line cruzando a Base da Banda de Bollinger, Fim!
STOP Na Linha Superior da Banda.
Configuracฬงaฬo:
Voceฬ pode editar as cores nas configuracฬงoฬes do indicador e selecione as medias que deseja usar.
Tambeฬm a possibilidade de ativar nas configuracฬงoฬes, as Bandas de bollinger .
Hรก tambรฉm a possibilidade de editar as mรฉdias moveรญs.
Vocรช tambรฉm pode desativar ou ativar a Nuvem de Ichimoku
Comprehensive Market AnalyzerVERSION 2.0:
Notice to users: To better reflect its extensive features, this indicator has been renamed from "Tsลซrubokkusu (Toolbox) ๐งฐ" to "Comprehensive Market Analyzer". Thank you for your understanding and adaptation to this change.
Purpose and Usage:
The Comprehensive Market Analyzer is designed to provide traders with a holistic view of market conditions by integrating various technical indicators into a single,
cohesive tool. Each indicator has been carefully selected and improved to work together, offering enhanced customization and advanced market insights.
This combination allows for more comprehensive market analysis, improved decision-making, and efficient trading strategies.
๐ Machine Learning Integration
Purpose : Utilizes machine learning algorithms to analyze past market data and provides predictive insights based on historical data.
Usage : Activate machine learning features, set lookback windows, influence weighting, and start bar for improved trend predictions.
Activate Machine Learning :
Description : Enables advanced machine learning features that analyze past market data.
Details : This feature allows the algorithm to use historical data to forecast market movements, providing traders with enhanced predictive insights on historical data.
Kernel Lookback Window :
Description : Sets the number of previous bars that the algorithm will analyze.
Details : A higher number provides a broader view of market trends, while a lower number makes the model more sensitive to recent changes.
Kernel Influence Weighting :
Description : Adjusts the emphasis on recent versus older data.
Details : Increasing this value gives more importance to recent data, potentially making predictions more responsive to new trends.
Kernel Calculation Start Bar :
Description : Specifies the bar number from which to start the machine learning calculations.
Details : Avoids early data which may contain excessive noise and less reliable market signals.
Kernel Functions :
Gaussian Kernel :
Description : Uses a Gaussian distribution to weight historical data, focusing on more recent data points for trend analysis.
Details : Calculates weights based on the Gaussian distribution, emphasizing data points closer to the present.
Laplacian Kernel :
Description : Applies Laplacian distribution, emphasizing data points closer to the current time more heavily.
Details : Uses the Laplacian function to provide a different perspective on data weighting.
RBF Kernel :
Description : Utilizes a Radial Basis Function for smoothing and analyzing data, providing a different approach to trend prediction.
Details : Applies the RBF function to smooth data and enhance the accuracy of trend predictions.
Wavelet Kernel :
Description : Applies wavelet transform for analyzing frequency components, helping to detect patterns in the price movements.
Details : Uses wavelet-based calculations to focus on specific frequency components within the data, aiding in pattern recognition.
๐ Enhanced Ichimoku Kinkล Hyล Integration
Purpose : Provides a comprehensive overview of market trends and momentum using the Ichimoku Kinkล Hyล indicator.
Usage : Display various components of the Ichimoku Kinkล Hyล, customize their appearance, provides additional calculations for trend analysis.
Display Ichimoku Kinkล Hyล :
Description : Toggle to show or hide the Ichimoku Kinkล hyล indicator.
Details : This indicator helps traders see support and resistance levels, trend direction, and potential future movements.
Activate Heikin-Ashi Source :
Description : Switches between regular price data and Heikin-Ashi candles for analysis.
Details : Heikin-Ashi candles smooth price data, making trends easier to spot.
Display Tenkan-Sen Line :
Description : Shows the Tenkan-Sen line, a key short-term trend indicator.
Color Customization : Set the color of the Tenkan-Sen line for better visibility.
Minimum Length : Determine the shortest period for calculating the Tenkan-Sen line.
Maximum Length : Determine the longest period for calculating the Tenkan-Sen line.
Dynamic Length Adjustment : Automatically adjusts the length of the Tenkan-Sen based on market conditions.
Display Kijun-Sen Line :
Description : Shows the Kijun-Sen line, a key medium-term trend indicator.
Color Customization : Set the color of the Kijun-Sen line for better visibility.
Minimum Length : Determine the shortest period for calculating the Kijun-Sen line.
Maximum Length : Determine the longest period for calculating the Kijun-Sen line.
Dynamic Length Adjustment : Automatically adjusts the length of the Kijun-Sen based on market conditions.
Kijun-Sen Divider Tool : Adjust the sensitivity of the Kijun-Sen calculation.
Display Chikou Span :
Description : Shows the Chikou Span, which lags behind the current price to help confirm trends.
Bear Phase Color : Set the color for bearish periods.
Bull Phase Color : Set the color for bullish periods.
Consolidation Color : Set the color for consolidation periods.
Minimum Length : Determine the shortest lag period for the Chikou Span.
Maximum Length : Determine the longest lag period for the Chikou Span.
Dynamic Length Adjustment : Automatically adjusts the length of the Chikou Span based on market conditions.
Display Senkou Span A and B :
Description : Shows the Senkou Span A and B, which form the Ichimoku Cloud indicating future support and resistance levels.
Bear Color : Set the color for bearish clouds.
Bull Color : Set the color for bullish clouds.
Neutral Color : Set the color for neutral periods.
Minimum Length : Determine the shortest period for calculating the Senkou Span.
Maximum Length : Determine the longest period for calculating the Senkou Span.
Dynamic Length Adjustment : Automatically adjusts the length of the Senkou Span based on market conditions.
Projection Offset : Set how far ahead the Senkou Span is projected.
Kumo Cloud Settings :
Enable Kumo Cloud Fill : Toggle to fill the space between Senkou Span A and B with color.
Cloud Fill Transparency : Adjust the transparency of the cloud fill.
Apply WMA Smoothing :
Description : Smooths the indicator lines using a Weighted Moving Average to clarify trends.
Bar Coloring Based on Ichimoku Signals :
Description : Colors the bars based on Ichimoku signals to provide a quick visual indication of market sentiment.
Bearish Signal Bar Color : Set the color for bars during bearish signals.
Bullish Signal Bar Color : Set the color for bars during bullish signals.
Consolidation Signal Bar Color : Set the color for bars during consolidation periods.
Neutral Bar Color : Set the color for bars during neutral conditions.
Enhanced Calculations :
Heikin Ashi Values : Smooths price movements to make trends more visible.
Alternative Source Calculation : Uses a different method for calculating the indicator based on user settings.
Volume Calculations : Enhanced functions for calculating volume based on different candlestick patterns.
Dynamic Length Adjustment : Automatically adjusts the length of Ichimoku components based on market volatility.
Gaussian Kernel Calculations : Uses advanced calculations for smoother and more accurate trend analysis.
Chikou Span Adaptation : Improved calculation for the Chikou Span using dynamic lengths and advanced methods.
Visual Enhancements : Adds color gradients to the Senkou Span and dynamic coloring for the Chikou Span to improve trend visibility.
Plotting Ichimoku Components :
Tenkan-Sen : Plots the Tenkan-Sen line with dynamic adjustments.
Kijun-Sen : Plots the Kijun-Sen line with dynamic adjustments.
Senkou Span A and B : Plots these lines with dynamic projections and advanced smoothing.
Chikou Span : Plots the Chikou Span with dynamic offsets and coloring.
๐ Enhanced Candlestick Patterns Integration
Purpose : Identifies and displays various candlestick patterns to help traders spot key market movements and potential reversals.
Usage : Toggle the display of patterns, select specific pattern types, and customize pattern labels for improved visual analysis.
Display Patterns :
Description : Toggle to enable or disable the display of all candlestick patterns.
Details : When enabled, all selected candlestick patterns will be displayed on the chart, aiding traders in identifying key market movements and potential reversals.
Select Pattern Type :
Description : Select the type of candlestick patterns to detect.
Details : Options include Bullish (indicating potential upward trends), Bearish (indicating potential downward trends), or Both.
Trend Filter Method :
Description : Select the method to filter trends.
Details : Options include True Range (based on price range), Fractals, Volume, Combined, or None (no filtering).
Pattern Label Colors :
Bullish Pattern Color : Choose the color for labeling Bullish patterns, indicating potential upward trends.
Bearish Pattern Color : Choose the color for labeling Bearish patterns, indicating potential downward trends.
Indecision Pattern Color : Choose the color for labeling Indecision patterns, indicating no clear trend direction.
Base Line and Patterns Display Options :
Show Base Line in Place of Labels : Toggle to display a base line instead of labels for detected patterns. This helps visualize the general trend.
Show Counterattack Lines : Toggle to display Counterattack Lines patterns, indicating potential reversal points.
Show Dark Cloud Cover : Toggle to display Dark Cloud Cover patterns, a bearish pattern suggesting a potential reversal from an uptrend to a downtrend.
Show Engulfing Patterns : Toggle to display Engulfing patterns. Bullish Engulfing patterns suggest a potential upward reversal, while Bearish Engulfing patterns suggest a potential downward reversal.
Show Hammer Patterns : Toggle to display Hammer patterns, a bullish pattern indicating a potential reversal from a downtrend to an uptrend.
Show Hanging Man Patterns : Toggle to display Hanging Man patterns, a bearish pattern indicating a potential reversal from an uptrend to a downtrend.
Show Harami Patterns : Toggle to display Harami patterns. Bullish Harami patterns suggest a potential upward reversal, while Bearish Harami patterns suggest a potential downward reversal.
Show In-Neck Patterns : Toggle to display In-Neck patterns, indicating a potential continuation of the current trend.
Show On-Neck Patterns : Toggle to display On-Neck patterns, indicating a potential continuation of the current trend.
Show Piercing Patterns : Toggle to display Piercing patterns, a bullish pattern suggesting a potential reversal from a downtrend to an uptrend.
Show Three Black Crows : Toggle to display Three Black Crows patterns, a bearish pattern suggesting a potential reversal from an uptrend to a downtrend.
Show Thrusting Patterns : Toggle to display Thrusting patterns, a bearish pattern suggesting a potential continuation of the downtrend.
Show Upside Gap Two Crows : Toggle to display Upside Gap Two Crows patterns, a bearish pattern suggesting a potential downward reversal after an upward gap.
Show Evening Star : Toggle to display Evening Star patterns, a bearish pattern suggesting a potential reversal from an uptrend to a downtrend.
Show Inverted Hammer : Toggle to display Inverted Hammer patterns, a bullish pattern suggesting a potential reversal from a downtrend to an uptrend.
Show Morning Star : Toggle to display Morning Star patterns, a bullish pattern suggesting a potential reversal from a downtrend to an uptrend.
Show Shooting Star : Toggle to display Shooting Star patterns, a bearish pattern suggesting a potential reversal from an uptrend to a downtrend.
Show Doji Patterns : Toggle to display Doji patterns, indicating market indecision and potential reversals.
Show Dragonfly Doji : Toggle to display Dragonfly Doji patterns, a bullish pattern suggesting a potential reversal from a downtrend to an uptrend.
Show Evening Doji Star : Toggle to display Evening Doji Star patterns, a bearish pattern suggesting a potential reversal from an uptrend to a downtrend.
Show Gravestone Doji : Toggle to display Gravestone Doji patterns, a bearish pattern suggesting a potential reversal from an uptrend to a downtrend.
Show Long-Legged Doji : Toggle to display Long-Legged Doji patterns, indicating high market indecision and potential reversals.
Show Morning Doji Star : Toggle to display Morning Doji Star patterns, a bullish pattern suggesting a potential reversal from a downtrend to an uptrend.
Show Rising Three Methods : Toggle to display Rising Three Methods patterns, a bullish pattern suggesting a continuation of the uptrend.
Show Falling Three Methods : Toggle to display Falling Three Methods patterns, a bearish pattern suggesting a continuation of the downtrend.
Show Tasuki Patterns : Toggle to display Tasuki patterns, indicating potential trend continuation after a gap.
Show Marubozo : Toggle to display Marubozo patterns, indicating strong trend continuation, either bullish or bearish.
Show Long Lower Shadow : Toggle to display Long Lower Shadow patterns, indicating strong buying pressure and potential upward movement.
Show Long Upper Shadow : Toggle to display Long Upper Shadow patterns, indicating strong selling pressure and potential downward movement.
Show Three Inside Up/Down : Toggle to display Three Inside Up/Down patterns, indicating potential bullish or bearish reversals.
Show Kicker Pattern : Toggle to display Kicker patterns, indicating significant potential reversals.
Show Tweezer Tops/Bottoms : Toggle to display Tweezer Tops/Bottoms patterns, indicating potential reversals at the tops or bottoms.
Show Mat Hold Pattern : Toggle to display Mat Hold patterns, a bullish pattern suggesting a continuation of the uptrend.
Candle Body/Shadow Comparison Options :
Candle Body/Shadow Comparison : Choose the criteria to compare candle sizes: Shadows (larger shadows), Body (larger body), Both (larger shadows and body), Either (larger shadows or body), or None (no comparison).
Look-back Period for Candle Comparison : Specify the number of periods to look back when comparing the current candle size to determine if it is significant.
Period for Body Length Average : Specify the period for calculating the average body length of candles to help identify significant patterns.
Period for Candle Length Average : Specify the period for calculating the average length of candles to help identify significant patterns.
Specific Pattern Thresholds :
Doji Body Percentage Threshold : Set the percentage threshold for identifying Doji patterns based on the candle body size compared to its range.
Upper Shadow Percentage Limit : Set the maximum allowed upper shadow percentage of the candleโs range for identifying specific Doji patterns.
Lower Shadow Percentage Limit : Set the maximum allowed lower shadow percentage of the candleโs range for identifying specific Doji patterns.
Price Deviation Tolerance : Specify the price deviation tolerance for pattern recognition, which helps in identifying patterns within a certain price range.
Thrusting Neck Percentage : Set the percentage threshold for identifying Thrusting Neck patterns, indicating a potential continuation of the current trend.
Base Line Settings :
Base Line EMA Length : Specify the length of the EMA for the Base Line, helping to visualize the general trend.
Enhanced Calculations :
Wavelet Transform : If machine learning is enabled, calculates the wavelet transform for smoother and more accurate pattern detection.
Candle Body and Shadows Calculation : Detailed calculations for candle body and shadow lengths to improve pattern detection.
Average Calculations : Calculate averages for body and candle sizes to help identify significant patterns.
Fractals Calculation : Identify fractal highs and lows to aid in trend detection.
Trend Filters : Apply user-selected trend filters based on True Range, Fractals, Volume, or a combination.
Pattern Detection and Labeling : Detects and labels various candlestick patterns, including Doji, Engulfing, Hammer, and more, with options for displaying labels or base lines.
Alerts and Notifications : Set alerts for detected patterns and base line colors to notify traders of significant market events.
Plotting Candlestick Patterns :
Pattern Detection : Automatically detects and labels various candlestick patterns based on user settings.
Label Customization : Customize the labels for different patterns, including color and text.
Base Line Plotting : Option to plot a base line instead of labels for detected patterns, enhancing trend visualization.
Alerts for Patterns : Set alerts for detected patterns to keep traders informed of significant market changes.
๐ Enhanced Fibonacci Retracement Integration
Purpose : Provides a tool for identifying potential support and resistance levels using Fibonacci retracement.
Usage : Toggle the display of Fibonacci levels, adjust the lookback period, and customize the appearance of Fibonacci levels for better market analysis.
Auto Mode :
Description : Toggle to enable or disable automatic detection of price points.
Details : When enabled, the highest and lowest price points within a specified period will be automatically detected to set Fibonacci levels. Disable to manually set the top and bottom prices.
Period :
Description : Set the lookback period for detecting price points.
Details : Defines the number of bars to look back when detecting the highest and lowest prices in Auto Mode, used for calculating Fibonacci levels.
Manual Top :
Description : Manually set the top price level.
Details : Adjust this setting to reflect the peak price of interest when Auto Mode is disabled.
Manual Bottom :
Description : Manually set the bottom price level.
Details : Adjust this setting to reflect the low price of interest when Auto Mode is disabled.
Display Fibonacci :
Description : Toggle to show or hide Fibonacci retracement levels.
Details : When enabled, the calculated Fibonacci levels will be displayed on the chart, overlaying the price data.
Baseline Levels :
Description : Select Fibonacci levels to highlight as baselines.
Details : Choose specific levels to be visually distinct, emphasizing their significance in the analysis.
Fibonacci Levels Colors :
Upper Levels Color : Set the color for Fibonacci levels above the baseline, indicating potential resistance levels.
Lower Levels Color : Set the color for Fibonacci levels below the baseline, indicating potential support levels.
Baseline Levels Color : Set the color for highlighted baseline Fibonacci levels, making them stand out from other levels.
Display Individual Fibonacci Levels :
Show Level : Toggle to enable or disable the display of specific Fibonacci levels.
Level Value : Set the multiplier used to calculate each specific Fibonacci level relative to the price range.
Reverse Levels :
Description : Toggle to switch the calculation direction of Fibonacci levels.
Details : When enabled, levels are calculated in reverse, useful for analyzing downtrends.
Line Extension :
Description : Choose how Fibonacci level lines are extended on the chart.
Details : Options include extending lines to the left, right, or both, affecting their visual presentation.
Text Size :
Description : Adjust the font size of the labels for Fibonacci levels.
Details : Options range from large to tiny, allowing for readability adjustments according to user preference.
Line Style :
Description : Select the line style for Fibonacci levels.
Details : Options include solid, dotted, and dashed, providing visual distinction.
Line Width :
Description : Set the thickness of the Fibonacci level lines.
Details : A higher value makes the lines more prominent on the chart.
Baseline Line Style :
Description : Choose the line style specifically for the baseline levels.
Details : This can differ from other Fibonacci levels to emphasize their importance.
Baseline Line Width :
Description : Adjust the thickness of the baseline level lines.
Details : Can be set differently from other levels for visual emphasis.
Enhanced Calculations :
Automatic and Manual Top/Bottom Setup : Detect or manually set the highest and lowest price points.
Price Range Calculation : Determine the range between the highest and lowest prices.
Fibonacci Level Values : Calculate the values for each Fibonacci level.
Visual and Label Configuration : Configure visual aspects and labels for each level.
Plotting and Labeling :
Level Plotting :
Description : Plot each Fibonacci level on the chart.
Details : Draw lines representing each calculated level.
Label Customization :
Description : Customize the labels for Fibonacci levels.
Details : Include text, colors, and positioning for clarity.
๐ Supports and Resistances Integration
Purpose : Identifies key support and resistance levels to aid in market analysis.
Usage : Toggle the display of support and resistance lines, customize their appearance, and use Bollinger Bands for additional insights.
Display Supports and Resistances :
Description : Toggle to enable or disable the display of support and resistance lines.
Details : When enabled, support and resistance lines will be shown on the chart, providing key levels for market analysis.
Swing Period :
Description : Set the retrospective period for identifying swing points.
Details : A longer period captures more significant trends but may reduce sensitivity. The default value is 10.
Support Line Color :
Description : Set the color for support lines.
Details : Choose a color that enhances chart readability. Default is green.
Resistance Line Color :
Description : Set the color for resistance lines.
Details : Choose a color that makes resistance lines easily distinguishable. Default is red.
Trend-Based Line Color :
Description : Toggle to enable dynamic coloring based on trend direction.
Details : When enabled, the color of the lines will change according to the trend, aiding visual analysis.
Line Thickness :
Description : Adjust the thickness of the support and resistance lines.
Details : Choose a thickness value between 1 and 5 for better visibility.
Line Style :
Description : Select the style of the lines.
Details : Options include Solid, Dotted, or Dashed lines for visual distinction.
Number of Lines to Display :
Description : Set the maximum number of support/resistance lines to display.
Details : Adjust the number of lines to avoid clutter or to show more levels.
Display Bollinger Bands :
Description : Toggle to show or hide Bollinger Bands on the chart.
Details : Bollinger Bands provide a visual representation of volatility and potential price ranges.
Bollinger Bands Integration :
Description : Enable the integration of Bollinger Bands for S/R calculation.
Details : This feature adjusts the placement of S/R lines based on the market volatility captured by the Bollinger Bands.
Bollinger Bands Color Settings :
Description : Set colors for different Bollinger Band conditions.
Details :
Green: Prices above the median but below the upper band (potential overbought area).
Dark green: Prices above the upper band (strong upward momentum).
Light red: Prices below the median but above the lower band (potential oversold area).
Dark red: Prices below the lower band (strong downward momentum).
Fill Opacity Adjustment :
Description : Adjust the fill opacity between Bollinger Bands.
Details : Set the opacity level to balance visibility with other chart elements.
BB Sensitivity Level :
Description : Adjust the sensitivity for determining S/R levels near Bollinger Bands.
Details : A higher value increases the consideration of levels near the bands.
Band Width Multiplier :
Description : Control the width of the Bollinger Bands.
Details : Adjust the multiplier to expand or contract the bands based on market volatility.
Uniform BB Coloring :
Description : Apply a consistent color to Bollinger Bands.
Details : Simplify visual interpretation with a uniform color.
Plotting and Alerts :
Plotting Bollinger Bands :
Description : Plot the Bollinger Bands on the chart.
Details : The bands are colored based on the conditions set for market volatility and price ranges.
Alerts and Notifications :
Description : Set alerts for support/resistance breaks and Bollinger Band breakouts.
Details : Notify traders of significant market events related to these levels.
๐ Enhanced Trend Lines Integration
Purpose : Identifies and plots trend lines based on market structure to help traders understand market direction and potential buy/sell points.
Usage : Toggle the display of trend lines, customize their appearance, and use enhanced calculations for trend analysis.
Display Trend Lines :
Description : Enable or disable the display of trend lines on the chart.
Details : These trend lines are calculated based on market structure, specifically through the detection of Breaks of Structure (BOS). If enabled, the trend lines will help in identifying the market overall trend and potential buy and sell points.
Trend Line Colors :
Upper Line Color : Set the color for the upper trend lines to enhance visual distinction.
Lower Line Color : Set the color for the lower trend lines, aiding in easy identification of support levels.
Pivot Labels :
Show Pivots Labels : Control the display of pivot labels on the chart.
Pivot Label Size : Select the size of the pivot labels displayed on the chart. Options include Tiny, Small, Normal, Large, and Huge.
Trend Line Calculations :
Pivot Depth : Adjust the depth for pivot calculation based on the selected timeframe to capture significant price movements.
Pivot Deviation : Set the deviation for pivot calculation to identify key turning points.
Pivot Backstep : Define the backstep for pivot calculation to ensure accurate detection of pivot points.
Enhanced Calculations :
Market Structure Detection : Utilize advanced algorithms to identify key market structures, improving trend line accuracy.
Adaptive Parameters : Automatically adjust pivot depth, deviation, and backstep based on the selected timeframe for better relevance.
Zigzag Calculation : Implement zigzag patterns to dynamically adjust trend lines, ensuring they reflect current market conditions.
Slope and Intercept Calculation : Compute the slope and intercept for trend lines to enhance precision in trend detection.
Dynamic Updates : Continuously update trend lines as new data becomes available, ensuring real-time accuracy.
Alerts and Notifications : Set alerts for new high and low pivots, as well as for when the price crosses upper or lower trend lines, keeping traders informed of significant market changes.
Plotting Trend Lines :
Trend Line Plotting : Automatically draw trend lines based on detected BOS, helping traders visualize the market trend.
Diagonal Support/Resistance Lines : Plot diagonal lines to indicate support and resistance levels, enhancing the understanding of market dynamics.
Pivot Label Customization : Customize pivot labels for clear identification of high and low points in the trend.
Alerts for Trend Lines : Set alerts for when price crosses trend lines, ensuring timely notifications of potential trading opportunities.
๐ Enhanced Linear Regression Integration
Purpose : Uses linear regression to analyze price movements and identify trends.
Usage : Display the linear regression projection line, customize its appearance, and use enhanced calculations for better trend analysis.
Display Projection Line :
Description : Toggle to display or hide the linear regression projection line on the chart.
Details : This line represents the best fit line that predicts future prices based on historical data.
Data Source :
Description : Select the data source for the linear regression projection.
Details : This is typically the closing price but can be any price point such as open, high, or low. The selected source will be used to calculate the linear regression projection line.
Trend-Based Line Color :
Enable Trend-Based Line Color : Toggle to automatically color the projection line based on the trend direction. When enabled, the line will be red for a downward trend and green for an upward trend, providing a visual indication of market direction.
Uptrend Line Color : Select the color for the projection line when the trend is upward. This color will be used when "Enable Trend-Based Line Color" is active.
Downtrend Line Color : Select the color for the projection line when the trend is downward. This color will be used when "Enable Trend-Based Line Color" is active.
Enhanced Calculations :
Standard Deviation Calculation : Calculate the standard deviation for a given length to understand the volatility around the linear regression line.
Pearson's Correlation Calculation : Compute Pearson's R to measure the strength of the linear relationship between the price points and the linear regression line.
Slope and Intercept Calculation : Calculate the slope and intercept for the regression line, providing the basis for the projection.
Kernel Application : Optionally apply the RBF Kernel to the selected source data for smoothing and enhancing the regression calculations.
Dynamic Length Selection : Automatically select the optimal regression period based on the highest Pearson's R value, ensuring the most accurate trend representation.
Real-Time Updates : Continuously update the regression line and related calculations as new data becomes available, maintaining accuracy in real-time.
Alerts and Notifications : Set alerts for when the price crosses the linear regression projection line, notifying traders of significant market events.
Plotting Linear Regression Components :
Projection Line Plotting : Automatically draw the linear regression projection line based on historical data and the selected data source.
Label Customization : Customize the label for the projection line, including color and text, for clear identification on the chart.
Alerts for Projection Line : Set alerts for when the price crosses the projection line, ensuring timely notifications of potential trading opportunities.
๐ POC Analysis Integration
Purpose : Identifies the Point of Control (POC) to highlight price levels with the highest trading volume.
Usage : Toggle the display of the POC, customize its appearance, and use enhanced calculations for better market analysis.
Display POC :
Description : Toggle to display or hide the Point of Control (POC) on the chart.
Details : The POC is the price level at which the highest volume of trading occurred, indicating a focal point of market activity.
Data Source :
Description : Select the price source for POC analysis.
Details : This is typically the closing price but can be any price point such as open, high, or low. The selected source will be used to calculate the POC.
POC Line Colors :
Color Above POC : Set the line color when the closing price is above the POC.
Color Below POC : Set the line color when the closing price is below the POC.
Width Multiplier :
Description : Adjust the width around the price for POC analysis.
Details : A higher value broadens the calculation range.
POC Calculation and Visualization :
Price Level Initialization : Calculate the initial spacing between price levels based on the first candlestick and user settings.
Volume Data Accumulation : Accumulate volume data at specified price levels for each candlestick to determine the POC.
Dynamic Array Expansion : Expand price levels array to accommodate new price data outside the current range.
POC Determination : Determine and visualize the POC at the last candlestick if enabled by the user.
Alerts and Notifications : Set alerts for when the price crosses the POC, notifying traders of significant market events.
Plotting POC Components :
POC Line Plotting : Automatically draw the POC line based on historical data and the selected data source.
Label Customization : Customize the label for the POC line, including color and text, for clear identification on the chart.
Alerts for POC : Set alerts for when the price crosses the POC, ensuring timely notifications of potential trading opportunities.
๐ Enhanced Divergences Integration
Purpose : Detects and displays divergences between price movements and indicators to identify potential reversal points.
Usage : Toggle the display of divergences, select data sources, customize divergence colors, and use enhanced calculations for better trend analysis.
Display Divergences :
Description : Toggle to display or hide the detected divergences on the chart.
Details : Divergences occur when the price movement of an asset and a related indicator (e.g., volume or momentum) move in opposite directions. They are used to identify potential reversal points in the market. Regular divergences signal possible reversals, while hidden divergences can indicate continuation.
Data Source :
Description : Defines the timeframe from which to fetch data for analysis.
Details : Typically lower than the chart current timeframe for multi-timeframe analysis.
Divergence Colors :
Bearish Divergence Color : Sets the color for bearish divergence lines. Bearish divergences typically suggest potential downward price movement.
Bullish Divergence Color : Sets the color for bullish divergence lines. Bullish divergences typically indicate potential upward price movement.
Pivot Bars :
Left Bars : Number of bars to the left of the pivot point to consider. Helps in identifying the pivot high or low by looking back these many bars.
Right Bars : Number of bars to the right of the pivot point to consider. Assists in confirming a pivot point by ensuring no higher high or lower low is present within this range.
Display Hidden Divergences :
Description : When enabled, this setting reveals hidden divergences on the chart.
Details : Hidden divergences are a subtler form of divergence that often signal continuation rather than reversal. A hidden bullish divergence occurs when price makes a higher low while the indicator makes a lower low, suggesting the continuation of an uptrend. Conversely, a hidden bearish divergence occurs when price makes a lower high while the indicator makes a higher high, indicating the continuation of a downtrend. These divergences are particularly useful for identifying the strength of the current trend.
Dynamic Line Width Based on Divergence Count :
Description : When enabled, adjusts the width of the divergence line dynamically based on the count of divergences detected.
Details : This provides visual emphasis on stronger signals.
Enhanced Calculations :
Standard Deviation Calculation : Calculate the standard deviation for a given length to understand the volatility around the linear regression line.
Pearson's Correlation Calculation : Compute Pearson's R to measure the strength of the linear relationship between the price points and the linear regression line.
Slope and Intercept Calculation : Calculate the slope and intercept for the regression line, providing the basis for the projection.
Kernel Application : Optionally apply the RBF Kernel to the selected source data for smoothing and enhancing the regression calculations.
Dynamic Length Selection : Automatically select the optimal regression period based on the highest Pearson's R value, ensuring the most accurate trend representation.
Real-Time Updates : Continuously update the regression line and related calculations as new data becomes available, maintaining accuracy in real-time.
Alerts and Notifications : Set alerts for when the price crosses the linear regression projection line, notifying traders of significant market events.
Plotting Divergence Components :
Divergence Line Plotting : Automatically draw divergence lines based on historical data and the selected data source.
Label Customization : Customize the label for the divergence lines, including color and text, for clear identification on the chart.
Alerts for Divergences : Set alerts for when a divergence is detected, ensuring timely notifications of potential trading opportunities.
๐ Enhanced Average True Range Integration
Purpose : Measures market volatility using the Average True Range (ATR) to assist in identifying potential buy and sell points.
Usage : Set the ATR period, minimum tick filter, upper and lower coefficients, and customize ATR colors for better market analysis.
Show Labels :
Description : Enable or disable the display of labels for the Average True Range (ATR) indicator.
Details : This option controls whether the ATR signals (buy and sell) are shown on the chart with respective labels.
ATR Period :
Description : Sets the period for calculating the Average True Range (ATR).
Details : The ATR measures market volatility by calculating the average range of price movement over a specified period. A shorter period makes the ATR more sensitive to recent price movements, while a longer period smooths out short-term volatility.
Minimum Tick Filter :
Description : Sets the minimum tick filter for buy and sell signals.
Details : This filter ensures that the price movement is significant enough to be considered a valid signal. For example, a value of 20 means that the price must move at least 20 ticks from the open to the close to generate a signal.
Upper Coefficient :
Description : Sets the upper coefficient for band calculation.
Details : This value adjusts the sensitivity of the upper band used to detect high points. A higher coefficient makes the band wider, capturing more significant price movements, while a lower coefficient makes the band narrower, making it more sensitive to smaller price changes.
Lower Coefficient :
Description : Sets the lower coefficient for band calculation.
Details : This value adjusts the sensitivity of the lower band used to detect low points. A higher coefficient makes the band wider, capturing more significant price movements, while a lower coefficient makes the band narrower, making it more sensitive to smaller price changes.
ATR Colors :
Bullish Color : Sets the color for the bullish signal, helping to visually distinguish bullish trends.
Bearish Color : Sets the color for the bearish signal, helping to visually distinguish bearish trends.
Enhanced Calculations :
Dynamic Coefficient Calculation : Calculates dynamic coefficients based on market volatility, adjusting the sensitivity of ATR bands accordingly.
Band Calculation : Computes high and low bands using dynamic coefficients to detect significant price movements.
High/Low Point Detection : Identifies potential high and low points based on ATR band calculations and price thresholds.
Real-Time Updates : Continuously updates ATR calculations and signals as new data becomes available, ensuring accuracy in real-time.
Plotting ATR Components :
Signal Plotting : Plots bullish and bearish ATR signals on the chart based on calculated conditions.
Label Customization : Customize the labels for ATR signals, including color and text, for clear identification on the chart.
Alerts for Signals : Set alerts for detected bullish and bearish signals, ensuring timely notifications of potential trading opportunities.
๐ Enhanced ATR Visualization Parameters
Purpose : Provides a visual representation of market volatility using the ATR Strength Meter.
Usage : Toggle the display of the ATR Strength Meter, set thresholds, and customize its appearance for better market analysis.
Display ATR Strength Meter :
Description : Toggle to display or hide the ATR Strength Meter, a visual representation of market volatility.
Details : The meter is based on the Average True Range (ATR) and helps identify volatility trends.
High ATR Threshold :
Description : Set the threshold for high volatility.
Details : ATR values above this threshold indicate increased market volatility.
Low ATR Threshold :
Description : Set the threshold for low volatility.
Details : ATR values below this threshold indicate decreased market volatility.
Progression Bar Position :
Description : Select the position of the ATR Strength Meter on the chart.
Details : Options are "Top" or "Bottom", affecting where the volatility meter is displayed relative to price action.
Progress Bar Length :
Description : Set the horizontal length of the ATR Strength progression bar.
Details : Adjust to increase or decrease the bar's width, accommodating different chart sizes and user preferences.
Enhanced Calculations :
ATR Strength Calculation : Calculate the ATR strength to measure market volatility.
Dynamic Coefficients : Use dynamic coefficients based on volatility for more accurate calculations.
Progress Bar Calculation : Determine the position and color of the progression bar based on ATR strength.
Label Positioning : Dynamically position labels for minimum and maximum values to avoid overlap.
Plotting ATR Strength Meter :
Progression Bar Plotting : Plot the progression bar to represent the ATR strength.
Label Customization : Customize labels for the ATR strength, minimum, and maximum values.
๐ Enhanced Relative Strength Index Integration
(A special thanks to RumpyPumpyDumpy for allowing the private reuse of his script.)
Purpose : Measures market momentum using the Relative Strength Index (RSI) and Stochastic RSI to assist in identifying potential buy and sell points.
Usage : Set the RSI and StochRSI parameters, toggle the display of the RSI Meter, and customize its appearance for better market analysis.
RSI Calculation Parameters :
RSI Length : Defines the length of the RSI calculation.
Details : A longer period captures more data points but may reduce sensitivity.
RSI Overbought Level : Sets the overbought level for RSI.
Details : Values above this level indicate overbought conditions.
RSI Oversold Level : Sets the oversold level for RSI.
Details : Values below this level indicate oversold conditions.
StochRSI Length : Defines the length of the StochRSI calculation.
Details : A longer period captures more data points but may reduce sensitivity.
StochRSI %K Length : Defines the length of the %K line of the StochRSI.
StochRSI %D Length : Defines the length of the %D line (SMA of %K) of the StochRSI.
RSI Visualization Parameters :
Display RSI Meter : Toggle the display of the RSI Meter on the chart.
RSI Meter Size : Adjust the size of the RSI Meter displayed on the chart.
Details : Measured as the diameter of the meter. Increase the value for larger display size, enhancing visibility and making it easier to read the RSI trend at a glance.
Horizontal Offset : Move the RSI Meter horizontally across the chart.
Details : Positive values shift the meter to the left, allowing for placement adjustments relative to the chart's current view or specific visual preferences.
RSI Meter Components :
Sectors and Ticks : Draw sector arcs and tick marks around the RSI Meter to represent different RSI levels and thresholds.
Needle : Draw the needle on the RSI Meter to indicate the current RSI value.
Sector Labels : Label each sector of the RSI Meter to indicate market conditions like "Strong Buy," "Buy," "Neutral," "Sell," and "Strong Sell."
Title Label : Draw the title label for the RSI Meter displaying the RSI value and its period.
Enhanced Calculations :
RSI Calculation : Calculate the RSI using the built-in function with the specified length and source.
StochRSI Calculation : Calculate StochRSI values using the specified lengths for RSI, %K, and %D.
Dynamic Line Management : Efficiently manage and update dynamically created line objects to prevent potential memory leaks.
Optimized Sector and Needle Drawing : Enhanced the drawing functions for sectors, needles, and ticks to improve visual clarity and performance.
Plotting RSI Meter :
Sector Plotting : Draw the sectors on the RSI Meter using specified colors and widths to represent different RSI levels and thresholds.
Needle Plotting : Plot the needle on the RSI Meter based on the calculated RSI value to visually indicate the current RSI level.
Tick Plotting : Plot tick marks around the RSI Meter to denote key RSI levels and thresholds for better readability.
Label Plotting : Draw sector labels and a title label on the RSI Meter to provide context and information about the RSI levels and their corresponding market conditions.
๐ Market Sentiment Integration
Purpose : Analyzes market sentiment using various indicators to provide an overall sentiment score.
Usage : Enable or disable individual sentiment indicators, set account type, and customize sentiment calculations for better market analysis.
Volatility Index (IV) :
Description : Enable or disable the use of the Volatility Index in sentiment calculation.
Details : When enabled, the Volatility Index (IV) provides insight into market sentiment by measuring market volatility. The selected Volatility Index varies based on your TradingView account type.
Account Type :
Description : Select your TradingView account type.
Details : Free accounts use SPX, while Premium accounts use VIX.
Put/Call Ratio (PCR) :
Description : Enable or disable the use of the Put/Call ratio in sentiment calculation.
Details : The Put/Call ratio is a sentiment indicator that measures the volume of put options traded relative to call options, indicating market sentiment towards bearish or bullish expectations.
Fear and Greed Index :
Description : Enable or disable the use of the Fear and Greed Index in sentiment calculation.
Details : The Fear and Greed Index gauges the prevailing emotions in the market, indicating whether investors are inclined towards fear (bearish sentiment) or greed (bullish sentiment).
Momentum Indicators :
Description : Enable or disable the use of momentum indicators like MACD and RoC in sentiment calculation.
Details : Momentum indicators help identify the strength and direction of price movements, assisting in sentiment analysis.
Adaptive Periods for Shorter Timeframes :
Description : Toggle this option to use shorter periods for sentiment indicators when analyzing lower timeframes.
Details : Enabling this option allows for more responsive and sensitive analysis when working with shorter timeframes.
Calculation Details :
Normalization Function : Normalize the values of the indicators over a 252-period range.
Set Periods Function : Set periods based on user preference for faster or slower periods, adjusting the analysis sensitivity.
IV Calculation : Calculate the IV value based on the selected Volatility Index (SPX for Free accounts, VIX for Premium accounts).
Put/Call Ratio Calculation : Calculate the Put/Call ratio using volume data, where put volume is proportional to the trading range, and call volume is proportional to the price change.
RoC Calculation : Calculate the Rate of Change (RoC) as a momentum indicator, measuring the percentage change in closing prices over a specified period.
Dynamic Thresholds : Define dynamic thresholds based on historical data, calculating mean and standard deviation to determine upper and lower thresholds for IV, PCR, and RoC.
๐ Enhanced Market Trend Dashboard Integration
Purpose : Provides a summary of key market indicators and signals in a single dashboard for quick and easy reference.
Usage : Customize the dashboard settings to display relevant market information, including Ichimoku components, Linear Regression, Support/Resistance levels, MACD, RSI, and Market Sentiment.
Market Trend Dashboard Parameters :
Display Market Trend Dashboard : Toggle to show or hide the market trend dashboard, providing a summary of key indicators and signals.
Panel Position : Select the position of the dashboard on the chart for optimal viewing.
Panel Text Size : Choose the text size for the information displayed in the dashboard, ensuring readability.
Panel Background Color : Set the background color of the market trend dashboard, enhancing contrast with the chart.
Ichimoku Dashboard Parameters :
Display Ichimoku Dashboard : Toggle to show or hide the Ichimoku section in the dashboard.
Display Tenkan-Sen Price Cross : Indicate when the price crosses the Tenkan-Sen line, signaling potential trade opportunities.
Display Kijun-Sen Price Cross : Indicate when the price crosses the Kijun-Sen line, often considered a stronger signal than Tenkan-Sen crosses.
Display Chikou Span Price Cross : Indicate Chikou Span price crosses, providing insight into potential trend reversals.
Display Kumo Breakout : Indicate Kumo (cloud) breakouts, which can signify major trend shifts.
Display Kumo Twist : Indicate Kumo twists, suggesting changing market dynamics and potential reversals.
Linear Regression Projection Dashboard Parameters :
Display LR Projection Dashboard : Toggle to show or hide the Linear Regression Projection section in the dashboard.
Display Linear Regression Period : Indicate the period used for Linear Regression Projection analysis.
Display Pearson R Details : Show the Pearson R value in the dashboard, indicating the strength and direction of the correlation in the Linear Regression Projection.
Supports and Resistances Dashboard Parameters :
Display S/R Dashboard : Toggle to show or hide the Support and Resistance section in the dashboard.
Display S/R Break Prices : Show the latest break prices of support and resistance levels in the dashboard.
MACD Dashboard Parameters :
Display MACD Dashboard : Toggle to show or hide the MACD section in the dashboard.
RSI Dashboard Parameters :
Display RSI Dashboard : Toggle to show or hide the Relative Strength Index section in the dashboard.
Display RSI Details : Show the RSI value and status in the dashboard.
Display StochRSI Details : Show the StochRSI %K, %D values and status in the dashboard.
Market Sentiment Dashboard Parameters :
Display Market Sentiment Dashboard : Enable or disable the display of the Market Sentiment Dashboard, which summarizes key market sentiment indicators like Implied Volatility, Put/Call Ratio, and Fear and Greed Index.
Display Implied Volatility Details : Show or hide the Implied Volatility details in the Market Sentiment Dashboard.
Display Put/Call Ratio Details : Show or hide the Put/Call Ratio details in the Market Sentiment Dashboard.
Display Fear and Greed Index Details : Show or hide the Fear and Greed Index details in the Market Sentiment Dashboard.
Enhanced Calculations :
Ichimoku Cloud Trend Calculation : Calculates trend based on the relationship between Ichimoku Cloud components, identifying bullish or bearish trends.
Support and Resistance Break Detection : Detects breaks in support and resistance levels and updates the dashboard accordingly.
Linear Regression Projection Calculation : Calculates Linear Regression Projection and Pearson R value for trend analysis.
MACD Signal Calculation : Determines MACD status based on histogram values.
RSI and StochRSI Calculation : Calculates RSI and StochRSI values and updates their statuses in the dashboard.
Market Sentiment Score Calculation : Calculates overall market sentiment score based on individual sentiment indicators.
Dynamic Alert Management : Manages alerts for various dashboard signals to prevent repeated alerts.
Real-Time Data Integration : Continuously updates the dashboard with real-time data for accurate and current trend analysis.
Plotting Market Trend Dashboard Components :
Ichimoku Components Plotting : Plots Tenkan-Sen, Kijun-Sen, Chikou Span, and Kumo cloud with dynamic adjustments.
Support and Resistance Levels Plotting : Plots support and resistance levels and updates them dynamically based on market data.
Linear Regression Projection Plotting : Plots the Linear Regression Projection line and labels with trend-based colors.
MACD and RSI Plotting : Plots MACD and RSI signals on the dashboard, including status updates.
Market Sentiment Indicators Plotting : Plots Market Sentiment indicators like IV, PCR, and Fear and Greed Index with dynamic updates.
Alert Notifications Plotting : Plots alert notifications for significant market changes based on dashboard signals.
Summary
This comprehensive market analyzer integrates multiple technical indicators, including machine learning, Ichimoku Kinkล Hyล, candlestick patterns, Fibonacci retracement, support and resistance levels, trend lines, linear regression, POC analysis, divergences, ATR, RSI, and market sentiment. Each section includes detailed descriptions and usage instructions to help traders understand how to effectively utilize the indicator in their trading strategies.
TradeChartist Trackerโข๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐๐ต๐ฎ๐ฟ๐๐ถ๐๐ ๐ง๐ฟ๐ฎ๐ฐ๐ธ๐ฒ๐ฟ is an essential real-time multi Indicator tracking toolkit that can be plotted as a standalone Indicator plot, a multi symbol tracker/screener for upto 10 different symbols and a visual scorecard for upto 5 different symbols. The indicators included in the tracker are Stochastic Oscillator, RSI, CCI, 15 different Moving Averages, MACD, Bollinger Bands %B (including Bollinger Bands and Breakout Signals), Ichimoku Cloud (including Breakout signals), Donchian Channels Oscillator (including Donchian Channels and Breakout Signals), Net Volume and Heikin Ashi Trend.
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โข๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐๐ต๐ฎ๐ฟ๐๐ถ๐๐ ๐ง๐ฟ๐ฎ๐ฐ๐ธ๐ฒ๐ฟ ๐จ๐๐ฒ๐ฟ ๐ ๐ฎ๐ป๐๐ฎ๐น
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โขTradeChartist Tracker Plot Types
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1. Indicator plot of Chart Symbol on its own , chosen from the ๐๐ป๐ฑ๐ถ๐ฐ๐ฎ๐๐ผ๐ฟ ๐ง๐๐ฝ๐ฒ dropdown, enabling ๐๐ข๐ฌ๐ฉ๐ฅ๐๐ฒ ๐๐ง๐๐ข๐๐๐ญ๐จ๐ซ ๐๐ฅ๐จ๐ญ (๐๐ข๐ฌ๐๐๐ฅ๐๐ฌ ๐๐ซ๐๐๐ค๐๐ซ/๐๐๐จ๐ซ๐๐๐๐ซ๐).
In this example Daily chart of XRP-USDT, 55 period Stochastic is tracked for the chart symbol XRP-USDT.
2. Indicator plot of a Symbol different from the Chart Symbol , chosen from the ๐๐ป๐ฑ๐ถ๐ฐ๐ฎ๐๐ผ๐ฟ ๐ง๐๐ฝ๐ฒ dropdown by enabling Tสแดแดแด แดษดแดแดสแดส Sสแดสแดส's Iษดแด
ษชแดแดแดแดส and entering the symbol name in the Sสแดสแดส แดแด Tสแดแดแด input box, whilst keeping ๐๐ข๐ฌ๐ฉ๐ฅ๐๐ฒ ๐๐ง๐๐ข๐๐๐ญ๐จ๐ซ ๐๐ฅ๐จ๐ญ (๐๐ข๐ฌ๐๐๐ฅ๐๐ฌ ๐๐ซ๐๐๐ค๐๐ซ/๐๐๐จ๐ซ๐๐๐๐ซ๐) enabled.
In this example Daily chart of XRP-USDT, 55 period Stochastic is tracked for the BTC-USD (different from chart symbol XRP-USDT).
3. Tracker Plot of up to 10 Multiple Symbol Trackers for the Indicator chosen from the ๐๐ป๐ฑ๐ถ๐ฐ๐ฎ๐๐ผ๐ฟ ๐ง๐๐ฝ๐ฒ dropdown, by disabling ๐๐ข๐ฌ๐ฉ๐ฅ๐๐ฒ ๐๐ง๐๐ข๐๐๐ญ๐จ๐ซ ๐๐ฅ๐จ๐ญ (๐๐ข๐ฌ๐๐๐ฅ๐๐ฌ ๐๐ซ๐๐๐ค๐๐ซ/๐๐๐จ๐ซ๐๐๐๐ซ๐) and by entering the number of trackers required in the ๐๐ฎ๐ฆ๐๐๐ซ ๐จ๐ ๐๐ซ๐๐๐ค๐๐ซ๐ฌ input box under ๐ง๐ฟ๐ฎ๐ฐ๐ธ๐ฒ๐ฟ ๐ฃ๐น๐ผ๐๐ section. Upto 10 Symbols can be tracked and can be input by the user in the input boxes from Sสแดสแดส 1,...Sสแดสแดส 10 . ๐๐ข๐ฌ๐ฉ๐ฅ๐๐ฒ ๐๐ง๐๐ข๐๐๐ญ๐จ๐ซ ๐๐ฅ๐จ๐ญ (๐๐ข๐ฌ๐๐๐ฅ๐๐ฌ ๐๐ซ๐๐๐ค๐๐ซ/๐๐๐จ๐ซ๐๐๐๐ซ๐) must be disabled for this plot type.
In this example Daily chart of Crypto Total Market Cap, Bollinger Bands %B is tracked for the chart symbol + 10 other Crypto symbols using Multi Symbol Trackers
4. Visual Scorecards of up to 5 Symbols for 8 indicators (all except Net Volume and HA Trend) can be plotted with real-time data by enabling ๐๐ถ๐๐ฝ๐น๐ฎ๐ ๐ฉ๐ถ๐๐๐ฎ๐น ๐ฆ๐ฐ๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐ฟ๐ฑ - (๐ ๐๐ซ๐๐๐ค๐๐ซ๐ฌ ๐๐ข๐ฆ๐ข๐ญ). ๐๐ข๐ฌ๐ฉ๐ฅ๐๐ฒ ๐๐ง๐๐ข๐๐๐ญ๐จ๐ซ ๐๐ฅ๐จ๐ญ (๐๐ข๐ฌ๐๐๐ฅ๐๐ฌ ๐๐ซ๐๐๐ค๐๐ซ/๐๐๐จ๐ซ๐๐๐๐ซ๐) must be disabled for this plot type.
For the same example Daily chart of Crypto Total Market Cap as above, Visual Scorecard is plotted for 5 Symbols as shown.
5. Indicator Tracker labels can be plotted on Price chart by overlaying the Tracker on main chart and by switching from Separate Tracker Pane - Default to Tracker Labels only on Price Scale in the Lแดสแดสs Dษชsแดสแดส Tสแดแด dropdown box.
In this example chart of 1hr XLM-USDT, Tracker labels of 55 EMA are plotted for 10 different symbols along with the 55 EMA plot of XLM-USDT.
Indicator plot that doesn't fit on price scale can be visualised using a second Tracker added to chart as shown in the ETH-USDT example below tracking Net Volume.
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๐๐ป๐ฑ๐ถ๐ฐ๐ฎ๐๐ผ๐ฟ๐ ๐๐ป๐ฐ๐น๐๐ฑ๐ฒ๐ฑ ๐ถ๐ป โข๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐๐ต๐ฎ๐ฟ๐๐ถ๐๐ ๐ง๐ฟ๐ฎ๐ฐ๐ธ๐ฒ๐ฟ
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1. Stochastic Oscillator
2. RSI
3. CCI
4. MA - (15 types included)
5. MACD
6. Bollinger Bands %B + Optional plots of Bollinger Bands and Breakout Signals
7. Ichimoku Cloud Oscillator + Optional plots of Ichimoku Cloud and Breakout Signals
8. Donchian Channels + Optional plots of Donchian Channels and Breakout Signals
9. Net Volume
10. Heikin Ashi Trend
All of the above indicators can be plotted as independent plots of the Chart Symbol or of a different symbol by enabling ๐๐ข๐ฌ๐ฉ๐ฅ๐๐ฒ ๐๐ง๐๐ข๐๐๐ญ๐จ๐ซ ๐๐ฅ๐จ๐ญ (๐๐ข๐ฌ๐๐๐ฅ๐๐ฌ ๐๐ซ๐๐๐ค๐๐ซ/๐๐๐จ๐ซ๐๐๐๐ซ๐). Some Oscillators have the option of Pสแดแด Sแดสสแด under their relevant sections, and can be plotted as line, area or a histogram.
Oscillators 1-8 (except 4) require source price, lookback length and smoothing (where available) for the indicator plot. The colour of the tracker blocks is based on the Upper/Lower bands (where available), specified by the user in the respective sections. For example, if the RSI indicator is chosen to be plotted with Upper band at 60 and Lower band at 40, the tracker blocks and the Indicator plot paint the values between 40 and 60 in neutral colour which can be changed from the settings.
Multi Window BTC-USDT 1hr example chart below with various indicators from โขTradeChartist Tracker.
Note: The tracker colour is exactly colour of the Indicator Plot. The Visual Scorecard , however uses the mid values and doesn't take into account the bands specified by the user. For example, RSI score is green on the Visual Scorecard as long as RSI is above 50 and doesn't get affected by the user specified upper/lower band and this applies to all Oscillators. This is shown in the 1hr BTC-USDT chart below.
Moving Averages (MA) and MACD
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Tracker plots and tracks one of 15 Moving Averages that can be chosen from the MA แดสแดแด and by specifying the MA Lแดษดษขแดส .
MACD uses EMA as default for calculating the MACD plots and Tracker data using Fแดsแด Lแดษดษขแดส , Sสแดแดก Lแดษดษขแดส and Sแดแดแดแดสษชษดษข . To experiment or use a different Moving Average to calculate MACD, disable ๐๐ฌ๐ ๐๐๐ (Uษดแดสแดแดแด แดแด แดsแด MA าสแดแด แดสแดแด แด) and select the required Moving Average from MA แดสแดแด drop down of the ๐ฐ. ๐ ๐ผ๐๐ถ๐ป๐ด ๐๐๐ฒ๐ฟ๐ฎ๐ด๐ฒ section.
Bollinger Bands %B + Optional plots of Bollinger Bands and Breakout Signals
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Bollinger Bands %B is a companion oscillator for Bollinger Bands and helps depict where the price is, in relation to the Bollinger Bands. To plot the actual Bollinger Bands, enable Dษชsแดสแดส Bแดสสษชษดษขแดส Bแดษดแด
s and to plot the Bollinger Bands Breakout Signals, enable Sสแดแดก BB Bสแดแดแดแดแดแด Sษชษขษดแดสs , with ๐๐ข๐ฌ๐ฉ๐ฅ๐๐ฒ ๐๐ง๐๐ข๐๐๐ญ๐จ๐ซ ๐๐ฅ๐จ๐ญ (๐๐ข๐ฌ๐๐๐ฅ๐๐ฌ ๐๐ซ๐๐๐ค๐๐ซ/๐๐๐จ๐ซ๐๐๐๐ซ๐) enabled.
Ichimoku Cloud Oscillator + Optional plots of Ichimoku Cloud and Breakout Signals
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Ichimoku Cloud Oscillator helps visualize the current price in relation to the breakout support/resistance of the Ichimoku Cloud using strict Ichimoku Cloud criteria (including Chikou Span agreeing with the breakout etc.). To plot the actual Ichimoku Cloud, enable Dษชsแดสแดส Iแดสษชแดแดแดแด Cสแดแดแด
and to plot the Kumo Breakout Signals, enable Sสแดแดก Kแดแดแด Bสแดแดแดแดแดแด Sษชษขษดแดสs , with ๐๐ข๐ฌ๐ฉ๐ฅ๐๐ฒ ๐๐ง๐๐ข๐๐๐ญ๐จ๐ซ ๐๐ฅ๐จ๐ญ (๐๐ข๐ฌ๐๐๐ฅ๐๐ฌ ๐๐ซ๐๐๐ค๐๐ซ/๐๐๐จ๐ซ๐๐๐๐ซ๐) enabled.
Cloud Settings form the fundamental factor for this indicator to detect the breakouts. The settings for the Ichimoku Cloud is Automatic (detects right settings for the symbol type) by default, but this can be changed to Classic or 24/7 Crypto , based on the user preference from the settings under ๐๐ฅ๐จ๐ฎ๐ ๐๐ฒ๐ฉ๐, which also includes a manual input option. Ichimoku traders can experiment different settings combinations under manual settings to suit their trading frequency and timeframe traded.
Donchian Channels + Optional plots of Donchian Channels and Breakout Signals
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Donchian Channels comprises of three plots - a upper band, a lower band and a mean line (or mid line of the channel). The upper band is based on highest high of N periods specified by the user and the lower band is based on the lowest low of N periods specified by the user. These channels help spot price breaching high or low of last N periods clearly, thereby aiding the trader to understand the price action of any symbol better on any given timeframe.
Donchian Channels Oscillator helps visualize the current price in relation to the Mean line of the Donchian Channels of user specified lookback period (specified in the Dแดษดแดสษชแดษด Cสแดษดษดแดส Lแดษดษขแดส input box). The sensitivity of the oscillator can be adjusted using smoothing factor in the Sแดแดแดแดสษชษดษข input box. To plot the actual Donchian Channels, enable Dษชsแดสแดส Dแดษดแดสษชแดษด Cสแดษดษดแดสs and to plot the Donchian Channels Breakout Signals, enable Sสแดแดก DC Bสแดแดแดแดแดแด Sษชษขษดแดสs , with ๐๐ข๐ฌ๐ฉ๐ฅ๐๐ฒ ๐๐ง๐๐ข๐๐๐ญ๐จ๐ซ ๐๐ฅ๐จ๐ญ (๐๐ข๐ฌ๐๐๐ฅ๐๐ฌ ๐๐ซ๐๐๐ค๐๐ซ/๐๐๐จ๐ซ๐๐๐๐ซ๐) enabled.
Note: Using smoothing factor more than 1 doesn't reflect the actual Donchian Channels Mean line and also impacts the Tracker block colours.
Net Volume and Heikin Ashi Trend
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Net Volume and Heikin Ashi Trend can be tracked and plotted for up to 10 symbols in addition to the chart symbol, but both Net Volume and Heikin Ashi Trend are not included in the Visual Scorecard. Since the colour of the Net Volume depends on candle being bullish or bearish, it can help the user visualize if the current candle close of the symbol tracked is above or below the symbols's candle open.
Note: Bar Replay doesn't update the bar by bar indicator plot for historic bars for symbols other than the chart symbol. However, the Indicator Plot is perfectly usable for the realtime bar as data updates for both the Trackers and the Scorecard in realtime.
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๐ฉ๐ถ๐๐๐ฎ๐น ๐ฆ๐ฐ๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐ฟ๐ฑ
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Visual Scorecard plots a green Bull or a red Bear Score colour plot for each Indicator from RSI to Donchian Channels Oscillator against every symbol tracked for up to 5 symbols max (First 5 symbols under ๐ง๐ฟ๐ฎ๐ฐ๐ธ๐ฒ๐ฟ ๐ฃ๐น๐ผ๐๐ section). The gap between the scores can be adjusted using gap factor under Gแดแด Fแดแดแดแดส สแดแดแดกแดแดษด Sแดแดสแดs dropdown.
Visual Scorecard scoring method
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RSI > 50 - ๐ข
RSI < 50 - ๐ด
Stoch > 50 - ๐ข
Stoch < 50 - ๐ด
CCI > 0 - ๐ข
CCI < 0 - ๐ด
Close price above MA plot - ๐ข
Close price below MA plot - ๐ด
MACD > 0 - ๐ข
MACD < 0 - ๐ด
Bollinger Bands %B > 50 - ๐ข
Bollinger Bands %B < 50 - ๐ด
Ichimoku Bullish Kumo Trend - ๐ข
Ichimoku Bearish Kumo Trend - ๐ด
Donchian Channels Oscillator > 0 (or close price above DC Mean Line) - ๐ข
Donchian Channels Oscillator < 0 (or close price below DC Mean Line) - ๐ด
Note: Bar Replay doesn't update the bar by bar scores/tracker data for historic bars for symbols other than the chart symbol. However, the Scorecard is perfectly usable for the realtime bar as data updates for both the Trackers and the Scorecard in realtime.
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๐ ๐๐น๐๐ถ ๐ฆ๐๐บ๐ฏ๐ผ๐น ๐ง๐ฟ๐ฎ๐ฐ๐ธ๐ฒ๐ฟ๐/๐๐ฎ๐ฏ๐ฒ๐น๐
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Multi Symbol Tracker blocks continuously track the real-time indicator data of up to 10 symbols (in addition to the chart symbol) based on the number of Symbol Trackers preferred in the ๐๐ฎ๐ฆ๐๐๐ซ ๐จ๐ ๐๐ฒ๐ฆ๐๐จ๐ฅ ๐๐ซ๐๐๐ค๐๐ซ๐ฌ (๐-๐๐) input box under the ๐ง๐ฟ๐ฎ๐ฐ๐ธ๐ฒ๐ฟ ๐ฃ๐น๐ผ๐๐ section, and plots Bull, Bear and Neutral colour coded blocks based on both the indicator selected and settings preferred by the user under the relevant indicator section.
Multi Symbol Tracker Labels also continuously track the real-time indicator data in addition to the last close price (if ๐๐ก๐จ๐ฐ ๐๐ซ๐ข๐๐ is enabled under ๐ง๐ฟ๐ฎ๐ฐ๐ธ๐ฒ๐ฟ ๐ฃ๐น๐ผ๐๐ section), which helps user see the real-time changes in the indicator values and price changes of the symbols tracked.
The Tracker Label colours are exactly the same as the Tracker Block colours and are filtered based on the user preferred bands on the Oscillator values. This is slightly different to the Visual Scorecard Colour coding as the range between the user preferred bands is colour coded in a neutral colour, whereas the Scorecard uses only Bull and Bear Colours as explained in the ๐ฉ๐ถ๐๐๐ฎ๐น ๐ฆ๐ฐ๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐ฟ๐ฑ heading above. For example, if the user prefers RSI upper band of 60 and lower band of 40, the range between the values of 40 and 60 will be colour coded in neutral colour which can be changed from the ๐จ๐๐ฒ๐ณ๐๐น ๐๐
๐๐ฟ๐ฎ๐ section of the indicator settings.
Note 1: Default settings are based on the Oscillator mid values and hence the Tracker Blocks match with the Visual Scorecard colour codes. Using Upper and Lower bands for oscillators help spot the oversold and overbought zones and also helps spot breakout threshold based on Indicator values specified by the user. Example chart with visual depiction below using RSI.
Note 2: Bar Replay doesn't update the bar by bar scores/tracker data for historic bars for symbols other than the chart symbol. However, the Tracker blocks/labels are perfectly usable for the realtime bar as data updates for both the Trackers and the Scorecard in realtime.
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Frequently Asked Questions
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Q: When I load the โขTradeChartist Tracker, why are the values in the labels blurred sometimes?
A: This happens occasionally as shown in the chart below, when the script is loaded for the first time or when a different setting is used.
To resolve this, just hide and unhide the script using the ๐ next to the Indicator title. If it is not visible, just hover the mouse/crosshair over the Indicator Title and it will be visible.
Q: Why does the indicator plot, tracker blocks and labels of Symbols being tracked, not update when I use Bar Replay?
A: As explained in the relevant sections above, historic data for bars and indicators other than chart symbol doesn't update on bar replay. But the chart symbol data does update for every bar on bar replay. This doesn't affect the real-time values and block colours for the symbols tracked.
Q: Can I track real-time values of a currently trading symbol when I'm on a symbol chart that is inactive? For example, can I see labels with real-time BTC values on a Sunday when I'm on a SPX chart when its not in session?
A: Simple answer is no. This is because, the plots are based on bar times of the chart and the symbols are tracked based on the bar time. So if the SPX session ended on Friday, the last known value of the BTC labels will be from Friday and hence it is always recommended to track symbols from a symbol chart that is in session.
Q: Does โขTradeChartist Tracker repaint?
A: This indicator doesn't repaint but it is not recommended to trade a different symbol from the chart based on the real-time data alone without checking if the current symbol chart is in session as inactive price chart will not have updated data on symbols tracked. Also, bar replay doesn't work on data pulled from external symbol data than the chart symbol, but signals confirmed at candle close and confirmed by Tracker blocks with appropriate colour code will be in agreement with the respective indicator and can be double checked for building trust and confidence on the indicator.
Q: Can โขTradeChartist Tracker be connected to other indicators as external source?
A: Yes. โขTradeChartist Tracker can be connected to another script and there are several use cases in doing so. A couple of examples are shown below.
1. โขTradeChartist Tracker 's Bollinger Bands %B ๐๐ป๐ฑ๐ถ๐ฐ๐ฎ๐๐ผ๐ฟ ๐ฃ๐น๐ผ๐ connected to โขTradeChartist Plotter to plot Divergences on the 4hr XAU-USD main price chart.
2. โขTradeChartist Tracker 's ๐๐ซ๐๐๐ค๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ ๐๐๐๐ง๐ญ๐ข๐๐ข๐๐ซ connected to โขTradeChartist Plug and Trade as Oscillatory Signal with 0/0 to generate trade signals with Targets and performance information on trades.
More Example Charts
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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Heiken Ashi BasProfessional Heiken Ashi + Ichimoku Baseline Scalping Strategy
Strategy Overview:
This advanced scalping methodology combines the smoothing power of Heiken Ashi candles with the reliable support/resistance levels of Ichimoku's Kijun-sen baseline. Designed for active traders seeking precise entry points in trending markets, the strategy incorporates multiple confirmation filters to enhance signal reliability.
Key Features:
โข Dual Confirmation System : Heiken Ashi trend alignment with Ichimoku baseline crossover
โข Smart Risk Management : Dynamic ATR-based take profit and stop loss across multiple timeframes
โข Trend Filter Integration : Optional 200 EMA filter to align with broader market direction
โข Divergence Detection : Real-time Ichimoku baseline momentum analysis
โข Visual Trading Signals : Clear buy/sell markers with TP/SL level displays
Technical Components:
- Heiken Ashi Smoothing : Reduces market noise for cleaner trend identification
- Ichimoku Baseline (Kijun-sen) : Acts as dynamic support/resistance level
- Multi-timeframe ATR : Adaptive position sizing based on market volatility
- Momentum Confirmation : Baseline divergence filtering for enhanced timing
Ideal For:
- Forex and cryptocurrency markets
- 1-5 minute timeframes for scalping
- Trending market conditions
- Risk-aware traders seeking systematic approaches
Customization Options:
- Adjustable TP/SL multipliers based on risk tolerance
- Optional trend and divergence filters
- Flexible timeframe settings for different trading styles
- Visual display preferences for chart clarity
Educational Value:
This script demonstrates professional-grade techniques in:
- Multi-indicator convergence strategies
- Dynamic risk management implementation
- Real-time market structure analysis
- Systematic trade execution methodology
Outside the Bollinger Bands Alerting Indicator Overview
The Outside the Bollinger Bands Alerting Indicator is a comprehensive technical analysis tool that combines multiple proven
indicators into a single, powerful system designed to identify high-probability reversal patterns at Bollinger Band extremes. This
indicator goes beyond simple band touches to detect sophisticated pattern formations that often signal strong directional moves.
Key Features & Capabilities
๐ฏ Advanced Pattern Recognition
Bollinger Band Breakout Patterns
- Detects "pierce-and-reject" formations where price breaks through a Bollinger Band but immediately reverses back inside
- Identifies failed breakouts that often lead to strong moves in the opposite direction
- Combines multiple confirmation signals: engulfing candle patterns, MACD momentum, and ATR volatility filters
- Visual alerts with symbols positioned below (bullish) or above (bearish) candles
Tweezer Top & Bottom Patterns
- Identifies consecutive candles with nearly identical highs (tweezer tops) or lows (tweezer bottoms)
- Requires at least one candle to breach the respective Bollinger Band
- Confirms reversal with directional close requirements
- Customizable tolerance settings for pattern sensitivity
- Visual alerts with โโ symbols for easy identification
๐ Multi-Indicator Integration
Bollinger Bands Indicator
- Dual-band configuration with outer (2.0 std dev) and inner (1.5 std dev) bands that can be adjusted to suit your own parameters
- Configurable MA types: SMA, EMA, SMMA (RMA), WMA, VWMA
- Customizable length, source, and offset parameters
- Color-coded band fills for visual clarity
Moving Average Suite
- EMA 9, 21, 50, and 200 (individually toggleable)
- Special "SMA 3 High" for help visualizing and detecting Bollinger Band break-outs
- Dynamic color coding based on price relationship
Optional Ichimoku Cloud overlay
- Complete Ichimoku implementation with customizable periods
- Dynamic cloud coloring based on trend direction
- Toggleable overlay that doesn't interfere with other indicators
๐จ Comprehensive Alert System
Real-Time JSON Alerts
- Sends structured data on every confirmed bar close
- Includes all indicator values: BB levels, EMAs, MACD, RSI
- Contains signal states and crossover conditions
- Perfect for automated trading systems and webhooks
{"timestamp":1753118700000,"symbol":"ETHUSD","timeframe":"5","price":3773.3,"bollinger_bands":{"upper":3826.95,"basis":3788.32,"lower":3749.68},"emas":{"ema_9":3780.45,"ema_21":3788.92,"ema_50":3800.79,"ema_200":3787.74,"sma_3_high":3789.45},"macd":{"macd":-10.1932,"signal":-11.3266,"histogram":1.1334},"rsi":{"rsi":40.5,"rsi_ma":39.32,"level":"neutral"}}
Specific Alert Conditions
- MACD histogram state changes (rising to falling, falling to rising)
- RSI overbought/oversold crossovers
- All pattern detections (BB Bounce, Tweezer patterns)
- Bollinger Band breakout alerts
๐จ Visual Elements
Pattern Identification
- โป symbols for Bollinger Band breakout patterns (green for bullish, red for bearish)
- โโ symbols for tweezer patterns (green below for bottoms, red above for tops)
- Color-coded band fills for trend visualization
Chart Overlay Options
- All moving averages with distinct colors
- Bollinger Bands with inner and outer boundaries
- Optional Ichimoku cloud with trend-based coloring
Trading Applications
Reversal Trading
- Identify high-probability reversal points at extreme price levels
- Use failed breakout patterns for entry signals
- Combine multiple timeframes for enhanced accuracy
Trend Analysis
- Monitor moving average relationships for trend direction
- Use Ichimoku cloud for trend strength assessment
- Track momentum with MACD and RSI integration
Risk Management
- ATR-based volatility filtering reduces false signals
- Multiple confirmation requirements improve signal quality
- Real-time alerts enable prompt decision making
Suggested Use
- Use on multiple timeframes for confluence
- Combine with support/resistance levels for enhanced accuracy
- Set up alerts for hands-free monitoring
- Customize settings based on market volatility and trading style
- Consider volume confirmation for stronger signals
HUll Dynamic BandEducational Hull Moving Average Wave Analysis Tool
**MARS** is an innovative educational indicator that combines multiple Hull Moving Average timeframes to create a comprehensive wave analysis system, similar in concept to Ichimoku Cloud but with enhanced smoothness and responsiveness.
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๐ฏ Key Features
**Triple Wave System**
- **Peak Wave (34-period)**: Fast momentum signals, similar to Ichimoku's Conversion Line
- **Primary Wave (89-period)**: Main trend identification with retest detection
- **Swell Wave (178-period)**: Long-term trend context and major wave analysis
**Visual Wave Analysis**
- **Wave Power Fill**: Dynamic area between primary and swell waves showing trend strength
- **Peak Power Fill**: Short-term momentum visualization
- **Smooth Curves**: Hull MA-based calculations provide cleaner signals than traditional moving averages
**Intelligent Signal System**
- **Trend Shift Signals**: Clear visual markers when trend changes occur
- **Retest Detection**: Identifies potential retest opportunities with specific conditions
- **Correction Alerts**: Early warning signals for market corrections
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๐ How It Works
The indicator uses **Hull Moving Averages** with **Fibonacci-based periods** (34, 89, 178) and a **Golden Ratio multiplier (1.64)** to create natural market rhythm analysis.
**Key Signal Types:**
- ๐ต **Circles**: Major trend shifts (primary wave crossovers)
- ๐ **Diamonds**: Retest opportunities with multi-wave confirmation
- โ **X-marks**: Correction signals and structural breaks
- ๐ **Wave Fills**: Visual trend strength and direction
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๐ Educational Purpose
This indicator demonstrates:
- Advanced moving average techniques using Hull MA
- Multi-timeframe analysis in a single view
- Wave theory application in technical analysis
- Dynamic support/resistance concept visualization
**Similar to Ichimoku but Different:**
- Ichimoku uses price-based calculations โ Angular cloud shapes
- MARS uses weighted averages โ Smooth, flowing wave patterns
- Both identify trend direction, but MARS offers faster signals with cleaner visualization
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โ๏ธ Customizable Settings
- **Wave Periods**: Adjust primary wave length (default: 89)
- **Multipliers**: Fine-tune wave sensitivity (default: 1.64 Golden Ratio)
- **Visual Style**: Customize line widths and signal displays
- **Peak Analysis**: Independent fast signal system (default: 34)
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๐ Usage Tips
1. **Trend Identification**: Watch wave fill colors and line positions
2. **Entry Timing**: Look for retest diamonds after trend shift circles
3. **Risk Management**: Use wave boundaries as dynamic support/resistance
4. **Confirmation**: Combine with price action and market structure analysis
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โ ๏ธ Important Notes
- **Educational Tool**: Designed for learning wave analysis concepts
- **Not Financial Advice**: Always use proper risk management
- **Backtesting Recommended**: Test on historical data before live trading
- **Combine with Analysis**: Works best with additional confirmation methods
---
๐ Innovation
MARS represents a unique approach to wave analysis by:
- Combining Hull MA smoothness with Ichimoku-style visualization
- Providing multi-timeframe analysis without chart clutter
- Offering retest detection with specific wave conditions
- Creating an educational bridge between different analytical methods
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*This indicator is shared for educational purposes to help traders understand advanced moving average techniques and wave analysis concepts. Always practice proper risk management and combine with your own analysis.*
