JJ Highlight Time Ranges with First 5 Minutes and LabelsTo effectively use this Pine Script as a day trader , here’s how the various elements can help you manage trades, track time sessions, and monitor price movements:
Key Components for a Day Trader:
1. First 5-Minute Highlight:
- Purpose: Day traders often rely on the first 5 minutes of the trading session to gauge market sentiment, watch for opening price gaps, or plan entries. This script draws a horizontal line at the high or low of the first 5 minutes, which can act as a key level for the rest of the day.
- How to Use: If the price breaks above or below the first 5-minute line, it can signal momentum. You might enter a long position if the price breaks above the first 5-minute high or a short if it breaks below the first 5-minute low.
2. Session Time Highlights:
- Morning Session (9:15–10:30 AM): The market often shows its strongest price action during the first hour of trading. This session is highlighted in yellow. You can use this highlight to focus on the most volatile period, as this is when large institutional moves tend to occur.
- Afternoon Session (12:30–2:55 PM): The blue highlight helps you track the mid-afternoon session, where liquidity may decrease, and price action can sometimes be choppier. Day traders should be more cautious during this period.
- How to Use: By highlighting these key times, you can:
- Focus on key breakouts during the morning session.
- Be more conservative in your trades during the afternoon, as market volatility may drop.
3. Dynamic Labels:
- Top/Bottom Positioning: The script places labels dynamically based on the selected position (Top or Bottom). This allows you to quickly glance at the session's start and identify where you are in terms of time.
- How to Use: Use these labels to remind yourself when major time segments (morning or afternoon) begin. You can adjust your trading strategy depending on the session, e.g., being more aggressive in the morning and more cautious in the afternoon.
Trading Strategy Suggestions:
1. Momentum Trades:
- After the first 5 minutes, use the high/low of that period to set up breakout trades.
- Long Entry: If the price breaks the high of the first 5 minutes (especially if there's a strong trend).
- Short Entry: If the price breaks the low of the first 5 minutes, signaling a potential downtrend.
2. Session-Based Strategy:
- Morning Session (9:15–10:30 AM):
- Look for strong breakout patterns such as support/resistance levels, moving average crossovers, or candlestick patterns (like engulfing candles or pin bars).
- This is a high liquidity period, making it ideal for executing quick trades.
- Afternoon Session (12:30–2:55 PM):
- The market tends to consolidate or show less volatility. Scalping and mean-reversion strategies work better here.
- Avoid chasing big moves unless you see a clear breakout in either direction.
3. Support and Resistance:
- The first 5-minute high/low often acts as a key support or resistance level for the rest of the day. If the price holds above or below this level, it’s an indication of trend continuation.
4. Breakout Confirmation:
- Look for breakouts from the highlighted session time ranges (e.g., 9:15 AM–10:30 AM or 12:30 PM–2:55 PM).
- If a breakout happens during a key time window, combine that with other technical indicators like volume spikes , RSI , or MACD for confirmation.
---
Example Day Trader Usage:
1. First 5 Minutes Strategy: After the market opens at 9:15 AM, watch the price action for the first 5 minutes. The high and low of these 5 minutes are critical levels. If the price breaks above the high of the first 5 minutes, it might indicate a strong bullish trend for the day. Conversely, breaking below the low may suggest bearish movement.
2. Morning Session: After the first 5 minutes, focus on the **9:15 AM–10:30 AM** window. During this time, look for breakout setups at key support/resistance levels, especially when paired with high volume or momentum indicators. This is when many institutions make large trades, so price action tends to be more volatile and predictable.
3. Afternoon Session: From 12:30 PM–2:55 PM, the market might experience lower volatility, making it ideal for scalping or range-bound strategies. You could look for reversals or fading strategies if the market becomes too quiet.
Conclusion:
As a day trader, you can use this script to:
- Track and react to key price levels during the first 5 minutes.
- Focus on high volatility in the morning session (9:15–10:30 AM) and **be cautious** during the afternoon.
- Use session-based timing to adjust your strategies based on the time of day.
Cari dalam skrip untuk "moving average crossover"
Adjustable Correction from ATH SignalA "Correction Signal from All-Time High" is an indicator used to identify potential reversals or pullbacks in an asset's price after it has reached its highest historical level, known as an all-time high (ATH). This signal typically occurs when the price begins to decline after hitting the ATH, suggesting a correction phase where the asset retraces part of its upward movement.
Key elements of this signal include:
Overbought Conditions: The asset may have experienced a strong rally leading to an overbought condition, where the price could be considered too high relative to recent trends.
Reversal Patterns: The correction signal is often accompanied by technical patterns or indicators that suggest a reversal, such as bearish candlestick formations, negative divergence in momentum indicators, or moving average crossovers.
Percentage Decline: A correction is generally defined as a price drop of at least 10% from the ATH, although smaller pullbacks may also signal potential market shifts.
Volume Analysis: Increased selling volume after the ATH can validate the correction signal, indicating that more market participants are taking profits or exiting positions.
This signal helps traders and investors anticipate periods of market consolidation or potential downturns after significant price advances, allowing for better risk management or entry points for new positions.
Ranges and Breakouts [AlgoAlpha]💥 Ranges and Breakouts by AlgoAlpha is a dynamic indicator designed for traders seeking to identify market ranges and capitalize on breakout opportunities. This tool automatically detects ranges based on price action over a specified period, visualizing these ranges with shaded boxes and midlines, making it easy to spot potential breakout scenarios. The indicator includes advanced features such as customizable pivot detection, internal range allowance, and automatic trend color changes for quick market analysis.
Key Features
💹 Dynamic Range Detection : Automatically identifies market ranges using customizable look-back and confirmation periods.
🎯 Breakout Alerts : Get alerted to bullish and bearish breakouts for potential trading opportunities.
📊 Visual Aids : Displays pivot highs/lows within ranges and plots midlines with adjustable styles for easier market trend interpretation.
🔔 Alerts : Signals potential take-profit points based on volatility and moving average crossovers.
🎨 Customizable Appearance : Choose between solid, dashed, or dotted lines for midlines and adjust the colors for bullish and bearish zones.
How to Use
⭐ Add the Indicator : Add the indicator to favorites by pressing the star icon. Adjust the settings like the look-back period, confirmation length, and pivot detection to match your trading strategy.
👀 Monitor the Chart : Watch for new ranges to form, highlighted by shaded boxes on the chart. Midlines and range bounds will appear to help you gauge potential breakout points.
⚡ React to Breakouts : Pay attention to color changes and alert signals for bullish or bearish breakouts. Use these signals to enter or exit trades.
🔔 Set Alerts : Customize alert conditions for new range formations, breakout signals, and take-profit levels to stay on top of market movements without constant monitoring.
How It Works
The indicator detects price ranges by analyzing the highest and lowest prices over a specified period. It confirms a range if these levels remain unchanged for a set number of bars, at which point it visually marks the range with shaded boxes. Pivots are identified within these ranges, and a midline is plotted to help interpret potential breakouts. When price breaks out of these defined ranges, the indicator changes the chart's background color to signal a bullish or bearish trend. Alerts can be set for range formation, breakouts, and take-profit opportunities, helping traders stay proactive in volatile markets.
Squeeze Momentum Strategy [LazyBear] Buy Sell TP SL Alerts-Modified version of Squeeze Momentum Indicator by @LazyBear.
-Converted to version 5,
-Taken inspiration from @KivancOzbilgic for its buy sell calculations,
-Used @Bunghole strategy template with Take Profit, Stop Loss and Enable/Disable Toggles
-Added Custom Date Backtesting Module
------------------------------------------------------------------------------------------------------------------------
All credit goes to above
Problem with original version:
The original Squeeze Momentum Strategy did not have buy sell signals and there was alot of confusion as to when to enter and exit.
There was no proper strategy that would allow backtesting on which further analysis could be carried out.
There are 3 aspects this strategy:
1 ) Strategy Logic (easily toggleable from the dropdown menu from strategy settings)
- LazyBear (I have made this simple by using Kivanc technique of Momentums Moving Average Crossover, BUY when MA cross above signal line, SELL when crossdown signal line)
- Zero Crossover Line (BUY signal when crossover zero line, and SELL crossdown zero line)
2) Long Short TP and SL
- In strategies there is usually only 1 SL and 1 TP, and it is assumed that if a 2% SL giving a good profit %, then it would be best for both long and short. However this is not the case for many. Many markets/pairs, go down with much more speed then they go up with. Hence once we have a profitable backtesting setting, then we should start optimizing Long and Short SL's seperately. Once that is done, we should start optimizing for Long and Short TP's separately, starting with Longs first in both cases.
3) Enable and Disable Toggles of Long and Short Trades
- Many markets dont allow short trades, or are not suitable for short trades. In this case it would be much more feasible to disable "Short" Trading and see results of Long Only as a built in graphic view of backtestor provides a more easy to understand data feed as compared to the performance summary in which you have to review long and short profitability separately.
4) Custom Data Backtesting
- One of most crucial aspects while optimizing for backtesting is to check a strategies performance on uptrends, downtrend and sideways markets seperately as to understand the weak points of strategy.
- Once you enable custom date backtesting, you will see lines on the chart which can be dragged left right based on where you want to start and end the backtesting from and to.
Note:
- Not a financial advise
- Open to feedback, questions, improvements, errors etc.
- More info on how the squeeze momentum works visit LazyBear indicator link:
Happy Trading!
Cheers
M Tahreem Alam @mtahreemalam
Ranging Market Detector [AstrideUnicorn]Determining if the market is in a trend or a range regime is a very complex problem. And knowing the answer can be, in some situations, the real holy grail. If the trader knows when the market is in a range regime, they can avoid overtrading and make moving average crossover strategies more profitable. A regime switch from a trend to a range can be a signal to close open positions. It can also be helpful when trading such instruments as short-term binary options. When the market is ranging directional moves are not expected, and the trader should be careful as opening a position in such conditions is, by some degree, a random outcome game. Range breakouts trading is one more example when knowing the market regime is critical.
We have created an indicator that predicts the current market regime. It smooths the price using the Kalman filter and analyzes the curve's slope. If the absolute value of the slope is low, then the market is in range mode and vice versa. To distinguish between the two regimes, the algorithm compares the absolute value of the slope with its long-term average.
HOW TO USE
The indicator shows the difference between the absolute slope value and its long-term average as a histogram. When a bar of the histogram is higher than the threshold level presented by the red line, the market is in a trending regime. In this regime, the background of the indicator is blue. When the market is in a range regime, the indicator background turns red.
The threshold level helps to control the lag. The greater it is, the more lagging the indicator will be. By default, this value is set to a negative value. It means that the indicator switches from range to trend a little bit earlier than the slope gets higher than the average slope. You can use the value of zero or low negative values to find the optimal tradeoff between the strength of the signals and their lag.
SETTINGS
The indicator has one input parameter called Threshold. It sets the threshold level described above. Its value should be close to zero. The less the value is, the less is the indicator's lag, but at the same time, the less confirmed the regime-switching signals are.
The use cases can be very different. And as the code is open, you can also use the indicator as a building block for your custom trading strategies.
Let us know your thoughts and suggestions!
RSI EMA CrossOver RameshThe RSI is one of the most popular technical indicators. The RSI measures the internal strength of the security. The RSI indicator oscillates between oversold and over bought levels, where a trader is advised to look for buying opportunities when the stock is in over sold region and selling opportunities when the stock is in over bought region.
The RSI with EMA strategy signals a trade when EMA of 7 period RSI crosses over the EMA of a 14 period RSI.
Buy: when 10 EMA of 7 period RSI crossing up 10 EMA of a 14 period RSI
Sell: when 10 EMA of 7 period RSI crossing down 10 EMA of a 14 period RSI
EMA = Exponential Moving Average
Crossover = Simple crossover between current RSI values and its 10 day EMA
Marcius Studio® - Trend Detector™Trend Detector™ — is an advanced trend detection indicator that combines statistical Z-Score analysis with a simplified ADF stationarity test .
It is designed to help traders identify strong directional moves while filtering out noise and false signals.
Unlike traditional moving average crossovers or momentum oscillators, this tool evaluates both trend direction and trend strength , giving you a clear visual overview of market conditions.
Important! This indicator is intended for educational and informational purposes . It does not guarantee future performance and should be used together with proper risk management.
Idea
Markets spend 70–80% of the time in consolidation and only 20–30% in trending phases . The key to profitable trading is spotting when a major trend shift begins. Trend Detector™ was built exactly for this purpose — to filter noise and highlight true trend reversals.
How It Works
Calculates the Z-Score of price to detect extreme deviations from the mean.
Applies a simplified ADF t-Statistic test to confirm trend validity.
Uses an ATR-based ribbon for clean visualization of bullish/bearish phases.
Generates Buy/Sell signals when trend switches are confirmed.
Displays an Info Panel with real-time metrics: Z-Score, ADF t-Stat, Trend Strength (0–100), ATR % of price.
Features
Trend Ribbon : visually highlights bullish, bearish, or neutral phases.
Confirmation Filter : avoids false flips by requiring multiple bars of validation.
Strength Score : quantifies how powerful the current trend is.
Signal Markers : “BUY” and “SELL” alerts appear directly on the chart.
Customizable Alerts : get notified when new uptrends or downtrends are detected.
Recommendations
Works well on swing trading timeframes (1H, 4H, Daily).
Use in combination with support/resistance zones or volume profile tools for higher accuracy.
The higher the Trend Strength Score , the more reliable the trend continuation.
Indicator Settings
Analysis Period : number of bars for Z-Score & ADF test.
ATR Length : used for ribbon visualization.
Min Bars to Confirm Trend : filters false trend flips.
Show/Hide options for Ribbon, Signals, and Info Panel.
Example Settings
Timeframe : 1H or 4H
Analysis Period : 20
ATR Length : 14
Min Confirmation Bars : 2–3
Disclaimer
Trading and investing involve risk — always do your own research (DYOR) and seek professional advice. We are not responsible for any financial losses.
Long/Short/Exit/Risk management Strategy # LongShortExit Strategy Documentation
## Overview
The LongShortExit strategy is a versatile trading system for TradingView that provides complete control over entry, exit, and risk management parameters. It features a sophisticated framework for managing long and short positions with customizable profit targets, stop-loss mechanisms, partial profit-taking, and trailing stops. The strategy can be enhanced with continuous position signals for visual feedback on the current trading state.
## Key Features
### General Settings
- **Trading Direction**: Choose to trade long positions only, short positions only, or both.
- **Max Trades Per Day**: Limit the number of trades per day to prevent overtrading.
- **Bars Between Trades**: Enforce a minimum number of bars between consecutive trades.
### Session Management
- **Session Control**: Restrict trading to specific times of the day.
- **Time Zone**: Specify the time zone for session calculations.
- **Expiration**: Optionally set a date when the strategy should stop executing.
### Contract Settings
- **Contract Type**: Select from common futures contracts (MNQ, MES, NQ, ES) or custom values.
- **Point Value**: Define the dollar value per point movement.
- **Tick Size**: Set the minimum price movement for accurate calculations.
### Visual Signals
- **Continuous Position Signals**: Implement 0 to 1 visual signals to track position states.
- **Signal Plotting**: Customize color and appearance of position signals.
- **Clear Visual Feedback**: Instantly see when entry conditions are triggered.
### Risk Management
#### Stop Loss and Take Profit
- **Risk Type**: Choose between percentage-based, ATR-based, or points-based risk management.
- **Percentage Mode**: Set SL/TP as a percentage of entry price.
- **ATR Mode**: Set SL/TP as a multiple of the Average True Range.
- **Points Mode**: Set SL/TP as a fixed number of points from entry.
#### Advanced Exit Features
- **Break-Even**: Automatically move stop-loss to break-even after reaching specified profit threshold.
- **Trailing Stop**: Implement a trailing stop-loss that follows price movement at a defined distance.
- **Partial Profit Taking**: Take partial profits at predetermined price levels:
- Set first partial exit point and percentage of position to close
- Set second partial exit point and percentage of position to close
- **Time-Based Exit**: Automatically exit a position after a specified number of bars.
#### Win/Loss Streak Management
- **Streak Cutoff**: Automatically pause trading after a series of consecutive wins or losses.
- **Daily Reset**: Option to reset streak counters at the start of each day.
### Entry Conditions
- **Source and Value**: Define the exact price source and value that triggers entries.
- **Equals Condition**: Entry signals occur when the source exactly matches the specified value.
### Performance Analytics
- **Real-Time Stats**: Track important performance metrics like win rate, P&L, and largest wins/losses.
- **Visual Feedback**: On-chart markers for entries, exits, and important events.
### External Integration
- **Webhook Support**: Compatible with TradingView's webhook alerts for automated trading.
- **Cross-Platform**: Connect to external trading systems and notification platforms.
- **Custom Order Execution**: Implement advanced order flows through external services.
## How to Use
### Setup Instructions
1. Add the script to your TradingView chart.
2. Configure the general settings based on your trading preferences.
3. Set session trading hours if you only want to trade specific times.
4. Select your contract specifications or customize for your instrument.
5. Configure risk parameters:
- Choose your preferred risk management approach
- Set appropriate stop-loss and take-profit levels
- Enable advanced features like break-even, trailing stops, or partial profit taking as needed
6. Define entry conditions:
- Select the price source (such as close, open, high, or an indicator)
- Set the specific value that should trigger entries
### Entry Condition Examples
- **Example 1**: To enter when price closes exactly at a whole number:
- Long Source: close
- Long Value: 4200 (for instance, to enter when price closes exactly at 4200)
- **Example 2**: To enter when an indicator reaches a specific value:
- Long Source: ta.rsi(close, 14)
- Long Value: 30 (triggers when RSI equals exactly 30)
### Best Practices
1. **Always backtest thoroughly** before using in live trading.
2. **Start with conservative risk settings**:
- Small position sizes
- Reasonable stop-loss distances
- Limited trades per day
3. **Monitor and adjust**:
- Use the performance table to track results
- Adjust parameters based on how the strategy performs
4. **Consider market volatility**:
- Use ATR-based stops during volatile periods
- Use fixed points during stable markets
## Continuous Position Signals Implementation
The LongShortExit strategy can be enhanced with continuous position signals to provide visual feedback about the current position state. These signals can help you track when the strategy is in a long or short position.
### Adding Continuous Position Signals
Add the following code to implement continuous position signals (0 to 1):
```pine
// Continuous position signals (0 to 1)
var float longSignal = 0.0
var float shortSignal = 0.0
// Update position signals based on your indicator's conditions
longSignal := longCondition ? 1.0 : 0.0
shortSignal := shortCondition ? 1.0 : 0.0
// Plot continuous signals
plot(longSignal, title="Long Signal", color=#00FF00, linewidth=2, transp=0, style=plot.style_line)
plot(shortSignal, title="Short Signal", color=#FF0000, linewidth=2, transp=0, style=plot.style_line)
```
### Benefits of Continuous Position Signals
- Provides clear visual feedback of current position state (long/short)
- Signal values stay consistent (0 or 1) until condition changes
- Can be used for additional calculations or alert conditions
- Makes it easier to track when entry conditions are triggered
### Using with Custom Indicators
You can adapt the continuous position signals to work with any custom indicator by replacing the condition with your indicator's logic:
```pine
// Example with moving average crossover
longSignal := fastMA > slowMA ? 1.0 : 0.0
shortSignal := fastMA < slowMA ? 1.0 : 0.0
```
## Webhook Integration
The LongShortExit strategy is fully compatible with TradingView's webhook alerts, allowing you to connect your strategy to external trading platforms, brokers, or custom applications for automated trading execution.
### Setting Up Webhooks
1. Create an alert on your chart with the LongShortExit strategy
2. Enable the "Webhook URL" option in the alert dialog
3. Enter your webhook endpoint URL (from your broker or custom trading system)
4. Customize the alert message with relevant information using TradingView variables
### Webhook Message Format Example
```json
{
"strategy": "LongShortExit",
"action": "{{strategy.order.action}}",
"price": "{{strategy.order.price}}",
"quantity": "{{strategy.position_size}}",
"time": "{{time}}",
"ticker": "{{ticker}}",
"position_size": "{{strategy.position_size}}",
"position_value": "{{strategy.position_value}}",
"order_id": "{{strategy.order.id}}",
"order_comment": "{{strategy.order.comment}}"
}
```
### TradingView Alert Condition Examples
For effective webhook automation, set up these alert conditions:
#### Entry Alert
```
{{strategy.position_size}} != {{strategy.position_size}}
```
#### Exit Alert
```
{{strategy.position_size}} < {{strategy.position_size}} or {{strategy.position_size}} > {{strategy.position_size}}
```
#### Partial Take Profit Alert
```
strategy.order.comment contains "Partial TP"
```
### Benefits of Webhook Integration
- **Automated Trading**: Execute trades automatically through supported brokers
- **Cross-Platform**: Connect to custom trading bots and applications
- **Real-Time Notifications**: Receive trade signals on external platforms
- **Data Collection**: Log trade data for further analysis
- **Custom Order Management**: Implement advanced order types not available in TradingView
### Compatible External Applications
- Trading bots and algorithmic trading software
- Custom order execution systems
- Discord, Telegram, or Slack notification systems
- Trade journaling applications
- Risk management platforms
### Implementation Recommendations
- Test webhook delivery using a free service like webhook.site before connecting to your actual trading system
- Include authentication tokens or API keys in your webhook URL or payload when required by your external service
- Consider implementing confirmation mechanisms to verify trade execution
- Log all webhook activities for troubleshooting and performance tracking
## Strategy Customization Tips
### For Scalping
- Set smaller profit targets (1-3 points)
- Use tighter stop-losses
- Enable break-even feature after small profit
- Set higher max trades per day
### For Day Trading
- Use moderate profit targets
- Implement partial profit taking
- Enable trailing stops
- Set reasonable session trading hours
### For Swing Trading
- Use longer-term charts
- Set wider stops (ATR-based often works well)
- Use higher profit targets
- Disable daily streak reset
## Common Troubleshooting
### Low Win Rate
- Consider widening stop-losses
- Verify that entry conditions aren't triggering too frequently
- Check if the equals condition is too restrictive; consider small tolerances
### Missing Obvious Trades
- The equals condition is extremely precise. Price must exactly match the specified value.
- Consider using floating-point precision for more reliable triggers
### Frequent Stop-Outs
- Try ATR-based stops instead of fixed points
- Increase the stop-loss distance
- Enable break-even feature to protect profits
## Important Notes
- The exact equals condition is strict and may result in fewer trade signals compared to other conditions.
- For instruments with decimal prices, exact equality might be rare. Consider the precision of your value.
- Break-even and trailing stop calculations are based on points, not percentage.
- Partial take-profit levels are defined in points distance from entry.
- The continuous position signals (0 to 1) provide valuable visual feedback but don't affect the strategy's trading logic directly.
- When implementing continuous signals, ensure they're aligned with the actual entry conditions used by the strategy.
---
*This strategy is for educational and informational purposes only. Always test thoroughly before using with real funds.*
Trend Persistence Rate Indicator [CC]The Trend Persistence Rate Indicator was created by Richard Poster (Stocks and Commodities Feb 2021 pg 12) and this indicator is a good trend strength indicator similar to ADX. A good strategy with this indicator according to the author is to combine this with a moving average crossover strategy and a volatility indicator. Buy when the price crosses over the moving average and when the volatility and this indicator are over a selected minimum. I think 30-40 as a minimum for this indicator works well. Exit that position when this indicator peaks and starts to go down and it should be very profitable for you. I have included general buy and sell signals with this indicator as well.
Let me know if there are any other indicators you would like to see me publish!
Volume Brakeout v1Volume Brakout indicator is used to help determine trend direction strictly based on Negative and Positive volume data.
How to Read:
- Moving Average crossovers are used to help determine a possible trend change or retracement.
- The area cloud on the bottom is calculated by the difference of the moving averages. This could be used to help determine the trending volume strength.
- Bright colored volume bars are large volume spikes calculated by the x factor in the options.
Other changes:
- Volume Depth is going open source with numerous of its indicators. This is only one of many!
- Volume is now displayed without being altered for calculations.
SPX-VIX Intraday DivergenceAs a long-term buyer/short-seller, you will always find different ways to enter the market , moving average crossovers, breakouts , overbought/oversold conditions being some of the classy methods. However, they are decreasingly effective... 😢
Recently I have realized that analysis beyond the technical indicators will bring trading to the next level because I will be able to confirm my trading signals without relying too much on basic price actions and patterns which are easily manipulated by big banks and institutions. 👍
Today I will introduce you to my divergence indicator making use of SPX and VIX. Unlike MacD or RSI divegence , which would involve normative judgement , it will take account of the unusual move by SPX alongwith the VIX , to the exploit chances that options market, where most experienced investors participated in has a preceding insight into the equity market about the upcoming moves.
I have divided signals into two groups.
Bullish divergence - SPX Down , VIX also Down 👇
Bearish divergence - SPX Up , VIX also Up 👆
I hope this script will enable us to take advantage of the options market activities , to provide a REAL divergence signal, and be used coupled with our own chart patterns or other price signals, and more importantly to score more and more winning trades!!!
If you want more useful scripts from me, please like and share my posts. And don't forget to follow my account to grab the latest ideas and tools! 😘
SMA_Cross + RSI1. long
a. RSI does not open an order when it is overbought, until the RSI falls below a certain threshold, and then open a position
b. There are already many positions. If the RSI is overbought, it will be profitable. When the RSI falls below a certain threshold, open a long position again until the moving average crossover signal turns short.
2. Short
a. RSI does not open an order when it is oversold, and then opens a position after RSI rises to a certain threshold
b. There are already short positions. If the RSI is oversold, it will be profitable to close the short position. When the RSI rises above a certain threshold, open the short position again until there is a reversal of the moving average crossing signal.
1. 做多
a. RSI在超买区间时不开单，直到RSI回落到某个阈值之下，再开仓
b. 已经有多仓，如果RSI超买，则平多获利，当RSI回落到某个阈值之下后，再次开多，直到有均线交叉信号反转做空
2. 做空
a. RSI在超卖区间时不开单，直到RSI上升到某个阈值之后，再开仓
b. 已经有空仓，如果RSI超卖，则平空获利，当RSI上升到某个阈值之上后，再次开空，直到有均线交叉信号反转做多
Volume Flow v3DepthHouse Volume Flow indicator is used to help determine trend direction strictly based on Negative and Positive volume data.
How to Read:
- Moving Average crossovers are used to help determine a possible trend change or retracement.
- The area cloud on the bottom is calculated by the difference of the moving averages. This could be used to help determine the trending volume strength.
- Bright colored volume bars are large volume spikes calculated by the x factor in the options.
Other changes:
- DepthHouse is going open source with numerous of its indicators. This is only one of many!
- Volume is now displayed without being altered for calculations.
SSL [dasanc]The SSL is a fair entry condition and good exit indicator. It works best when combined with a trend indicator and multiple confirmations.
In essence, the SSL is a moving average crossover, which immediately down-grades it to a 2nd or 3rd level of confluence in my opinion.
It was recently featured in an episode of VP's "No Nonsense FX", which drove me to recreate the original MT4 indicator in PineScript.
I have two ideas on how to improve it -
Use a much faster moving average calculation method (check out my Ehlers scripts)
Use a longer period MA on lower timeframes
If you enjoy/use this script, drop me a follow and please note me in your code!
I'm *almost* always available for collabs and questions
Hausky Simple MA Strategy EURUSD 1HHere is my simple Moving Average crossover strategy for EURUSD 1H
TUX CandlesThis indicator has a lot of information. This is the first version so stay tuned for updates, and please let me know of any bugs.
Candlestick Indicators:
Doji
Shooting Star
Evening Star
Hammer
Hanging Man
Candlestick Formations
Tri-star
Bearish Harami
Bullish Harami
Bearish Harami Cross
Bullish Harami Cross
Bullish Engulfing
Bearish Engulfing
Rising Three
Falling Three
Bearish Abandoned Baby
Bullish Abandoned Baby
Three Black Crows
Three White Soldiers
Technical Indicators:
(You can set you MA periods)
Moving Average Cross
Move Average Crossover
Line color best indices grouped by Artificial Intelligence
The script uses the best buy indicators, such as moving average crossovers, RSI, and others selected by AI. The idea is to determine whether the stock is classified as a strong buy (yellow line), a buy (green line), or a red (sell)
Dr. Keith Wade Momentum SignalsThis is a heikin Ashli strategy combined with an 18 moving average crossover. Entry at cross of 18 EMA and exit at change of heikin Ashi
CANX MA Crossover© CanxStixTrader
Moving average crossover systems measure drift in the market. They are great strategies for time-limited traders. KEEP IT SIMPLE
This strategy works both for buys and sells using the reaction line to guide your position against the reactions.
HOW TO USE THE INDICATOR
1) Choose your market and timeframe.
2) Choose the length.
3) Choose the multiplier.
4) Choose if the strategy is long-only or bidirectional (longs & shorts).
TIPS
The strategy works best in bullish markets as that is the primary direction that market such as stocks, indexes and metals like to move.
- Increase the multiplier to reduce whipsaws
- Increase the length to take fewer trades
- Decrease the length to take more trades
- Try a Long-Only strategy to see if that performs better.
The base set up when you load the indicator is for the 1 minute chart on gold. We found that it also works well on the US Indexes. For other markets you may need to change the length and multiplier to suit the market and back test its results.
InspireHER Dynamic EMA RR Positioning IndicatorDynamic EMA and RR Positioning Indicator
This indicator is designed to provide traders with highly customizable buy and sell signals based on EMA (Exponential Moving Average) crossovers and Risk-to-Reward (RR) ratios. It works on any timeframe and allows users to toggle price data and additional position boxes for visualizing trade setups. Additionally, traders can choose between displaying dots or labeled signals for buy/sell indicators, making this tool versatile and user-friendly for different preferences and strategies.
What Makes This Indicator Unique
Customizable Parameters: The script offers extensive options for tailoring the indicator to your preferred trading style and strategy:
EMA: Configurable through settings (default is a 21-period EMA).
Risk-to-Reward Ratio (RR): Adjustable to meet your desired RR levels (default is 1:2.5).
Lookback Period: Visualizes buy/sell signals over the last six months.
Position Boxes for Trade Visualization: The indicator can "draw" position boxes on the chart, showing potential entry points, stop-loss (SL), and take-profit (TP) levels based on the selected RR. These visual aids simplify decision-making and help evaluate trade opportunities directly on the chart.
Price Data Toggle: Traders can choose to view or hide price data related to trade signals, including TP, SL, and RR values. By default, this is turned off to maintain a clean chart but can be activated when needed.
Flexible Signal Display Options:
Dots Mode: Displays buy signals as green dots and sell signals as red dots on the chart.
Label Mode: Displays buy signals as labels with the word "Buy" in green and sell signals as labels with the word "Sell" in red.
This toggle allows traders to customize how signals are displayed for a more personalized trading experience.
Simple Signal View: A toggle option provides a cleaner chart by enabling or disabling additional visual elements like circles or labels.
How It Works
Buy Signal: Triggered when the price crosses the EMA and closes above it.
Entry: Top of the candle.
Stop-Loss: Bottom of the candle.
Take-Profit: Calculated based on the selected RR.
Sell Signal: Triggered when the price crosses the EMA and closes below it.
Entry: Bottom of the candle.
Stop-Loss: Top of the candle.
Take-Profit: Calculated based on the selected RR.
Default Settings
EMA: 21-period.
Risk-to-Reward Ratio: 1:2.5.
Price Data: Off (can be toggled on in settings).
Position Boxes: Off (can be toggled on in settings).
Signal Display: Labels mode with "Buy" (green) and "Sell" (red) enabled by default; can be toggled to Dots mode.
Timeframe: Any timeframe supported.
How to Use
Add the Indicator to Your Chart: Once applied, the EMA line and buy/sell signals will appear by default.
Customize Settings: Navigate to the indicator's settings to adjust EMA, RR, or enable/disable Price Data, Position Boxes, or switch between Dots and Label modes.
Trade with Confidence: Use the visual aids and signals to assess trade opportunities based on your strategy and timeframe.
This indicator combines the reliability of EMA-based signals with the flexibility of configurable RR, visual trade setups, and multiple signal display options, making it a powerful tool for all types of traders. Happy Trading!!
Indian Market Sessions for BacktestingThis indicator is designed to increase the quality of your backtesting in the Indian Market.
NSE & BSE run from 9:15 am IST to 3:30 pm IST.
Naturally different times have different kinds of volatility.
On your chart you will find premarked -
Saffron - 9:15 am to 10:30 am - Opening Session - High Volatility Observed Historically
White - 10:35 am to 2:25 pm - Middle Session - Lower Volatility Observed Historically
Green - 2:30 pm to 3:30 pm - Closing Session - Medium to High Volatility Observed Historically
You will also find the start of each session marked with an arrow.
Feel free to change the times from the input settings and the color and visibility from the style settings.
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Usage:
When you backtest any strategies, say moving average crossovers, also mark the sessions in your sheet which will help you further increase accuracy.
Feel free to drop your doubts in the comments.
