Unicorn X-AlgoUnicorn X-Algo is a multifunctional trading indicator. It is designed to help traders make real-time decisions using quantitative models.
Its core is a trend trading strategy based on our enhanced Trailing Stop-Loss algorithm. This strategy provides the user with position entry and exit signals. It is customizable and has a built-in instant backtesting feature.
For those who have difficulty with finding the good settings the indicator has the Automatic Mode. In this mode, there is no need for the user to adjust any settings. The indicator calculates optimized trading signals automatically.
In addition, the indicator provides a number of useful tools that aim to provide additional confirmation to the trading signals. They include: support and resistance levels forecast, price range prediction and institutional activity detection.
The script can send real-time alerts to the user’s Email and to the cell phone via notifications in the TradingView app.
The indicator can be used for various types of trend and swing trading, including positional trading, day trading and scalping.
Unicorn X-Algo allows users to:
forecast direction of trends with BUY and SELL signals;
determine the right time to close a position;
detect institutional activity in the market;
forecast key support and resistance levels;
predict the future price range for any market;
customize any settings and do a backtest with one click;
see historical trades on the chart;
use the fully Automatic Mode where the algorithm optimizes all its settings itself.
When using this script, keep in mind that past results do not necessarily reflect future results and that many factors influence trading results.
FEATURES
Trading signals
The feature calculates trend or swing entry and exit signals. The underlying strategy does not use fixed Take-Profit levels. It trails the price with a Trailing Stop-Loss to get as many pips as possible from price movements.
The feature is based on our custom Volatility Stop algorithm. It uses linear regressions instead of averaging. As our practice shows, this helps to reduce signal lag while keeping the number of false signals low.
Trading signals are customizable with Sensitivity and Trade Length parameters which determine the trading signals frequency and width of the Trailing-Stop levels, respectively.
Automatic Mode
The Trading Signals function has an automatic mode. When it is turned on, you do not need to adjust the trading signals settings. The algorithm tries to calculate the best settings automatically using an optimization algorithm.
In this mode, Buy and Sell signals are displayed as green and red triangles respectively. There are two types of exit signals displayed as circles and crosses. A circle signal means that a price reversal is expected and you can partially close the position. A cross signal means that a trading signal in the opposite direction is expected soon and you can partially or completely close your position.
Support and Resistance Levels
Support/Resistance levels forecasting model. The forecasted levels are non-repainting. Once calculated for a specified period in the future (day, week, month, etc.), they don't change during this period.
The feature allows the trader to plan trades and use the forecasted levels as entry levels and targets for opening and closing positions. Both intraday and higher timeframes are supported.
The forecasting model analyses the distribution of the price time series to find clusters in the data. These clusters are then used to make the key price levels forecast.
Big Money Activity detection
The Big Money Activity tool identifies areas on the price chart associated with instructional traders' activity in the market.
Institutional activity in a trending market can be a leading signal for upcoming reversal. Institutions could be fixing their profit, causing the price to move against the current trend.
Institutional activity in a sideways market can be due to positions accumulation and signal a new trend formation.
The algorithm uses tick volume, volume, and volatility data to forecast activity of institutional investors. The method develops the idea described in the Daigler & Wiley (2015) and Shalen (1993) works. It says that when institutional traders actively open or close their positions in the market, a divergence between volume and volatility time-series arises. It can be due to their use of position-splitting algorithms that reduce the impact of their positions on the market.
Trading Range Forecast
Trading Range Forecast feature predicts the price range of an asset for a selected period of time in the future, called Forecast Horizon. It can be the next day or 12-hour trading session. This function works if your chart timeframe is intraday (i.e. the timeframe below "D"). It shows the upper and lower bounds between which the price is going to stay in the upcoming Forecast Horizon period.
Instant Backtesting
After changing any settings, you can immediately see the performance of the strategy on the Instant Backtesting panel. Two metrics are displayed there - the percentage of profitable trades and the total return. This information, as well as the historical trades shown on the chart, will help you quickly and easily evaluate any settings you make.
SETTINGS
TRADING SIGNALS
Trade Length - defines the length of the trades the algorithm tries to make. Recommended values are from 1.0 to 6.0.
Sensitivity - controls the sensitivity of the trading signals algorithm. The sensitivity determines the density of trading signals and how close the trailing-stop levels follow the price. The higher the value of this parameter is, the less sensitive the algorithm is. High values of the Sensitivity parameters (100-500) can help to withstand large price swings to stay in longer price moves. Lower values (10-100) work well for short- and medium-term trades.
TRADING TOOLS
Big Money Activity - turns on and off the identification of the areas associated with institutional traders activity.
SUPPORТ AND RESISTANCЕ LEVELS
Show Support And Resistance Levels - turns on and off support and resistance levels calculation.
TRADING RANGE FORECAST
Show Trading Range Forecast - turns on/off trading range forecasting
Forecast Horizon - sets the period for which the trading range forecast is made
Forecasting Method - allows to choose a forecasting algorithm for the trading range forecast.
BACKTESTING
Use Starting Date - turns on/off the starting date for the strategy and backtests. When off, all available historical data is used.
Starting Date - sets the starting date for the strategy and backtests.
Show Instant Backtesting Dashboard - turns on/off a dashboard that shows the current strategy performance: the percentage of profitable trades and total return.
Leverage - sets the leverage that the strategy uses.
Cari dalam skrip untuk "scalping"
Unicorn QuantDeeply customizable trading algorithm with instant backtesting. It emulates real trading and displays all the actions it takes on the chart. For example, it shows when to enter or partially close a position, move Stop-Loss to breakeven, etc. The user can replicate these actions in their trading terminal in real time. The algorithm uses up to three Take-Profit levels, and a Stop-Loss level that can move in a trade to protect the floating profit.
The script can send real-time alerts to the user’s Email and to the cell phone via notifications in the TradingView app.
The indicator is designed to be used on all timeframes, including lower ones for intraday trading and scalping.
HOW TO USE
Set the Stop-Loss and up to three Take-Profit levels. Choose the rules for moving the Stop-Loss level in a trade. Adjust the sensitivity of the trading signals. And check the backtest result in the Instant Backtesting dashboard. If the performance of the strategy satisfies you, proceed with the forward testing or live trading.
When using this script, please, keep in mind that past results do not necessarily reflect future results and there are many factors that influence trading results.
FEATURES
Trading Signals
The feature calculates Buy and Sell signals for trend or swing trading. The user can change the Sensitivity parameter to control the frequency of the signals. This allows them to be adjusted for different markets and timeframes.
Position Manager
To make the Position Manager setup as easy as possible, the algorithm calculates Stop-Loss and Take-Profit levels in Average True Range (ATR) units. They are self-adjusting for any market and timeframe, since they account for its average volatility .
You don't have to worry about what market you are trading - Forex, Stocks, Crypto, etc. With the self-adjusting Stop-Loss and Take-Profit, you can find settings that work for one market and use the same numerical values as a starting point for a completely different market.
Instant Backtesting
After changing any settings, you can immediately see the performance of the strategy on the Instant Backtesting panel. Two metrics are displayed there - the percentage of profitable trades and the total return. This information, as well as the historical trades shown on the chart, will help you quickly and easily evaluate the settings.
SETTINGS
TRADING SIGNALS
Sensitivity - controls the sensitivity of the trading signals algorithm. It determines the frequency of the trading signals. The higher the value of this parameter, the less trading signals you get and the longer trends the algorithm tries to catch. The lower the sensitivity value, the more signals you receive. This can be useful if you want to profit from small price movements.
POSITION MANAGER
SL - sets the Stop-Loss level measured in ATR units.
TP1, TP2, TP3 - set the Take-Profit levels measured in the ATR units.
Close % at TP1, Close % at TP2, Close % at TP3 - set portions of the open position (as a percentage of the initial order size) to close at each of the TP levels.
At TP1 move SL to, At TP2 move SL to - set the rules for moving the Stop-Loss level in an open trade to protect the floating profit.
Show Open Position Dashboard - turns on/off a dashboard that shows the current Stop-Loss and Take-Profit levels for the open position.
BACKTESTING
Use Starting Date - turns on/off the starting date for the strategy and backtests. When off, all available historical data is used.
Starting Date - sets the starting date for the strategy and backtests.
Show Instant Backtesting Dashboard - turns on/off a dashboard that shows the current strategy performance: the percentage of profitable trades and total return.
Leverage - sets the leverage that the strategy uses.
Smart Money Concepts Premium (Expo)Are you a professional Smart Money Concept Trader?
█ This premium version of our SMC indicator includes all advanced Smart Money Concept Trading techniques. The indicator includes all the important concepts such as Market Structure, Change of Character, Current Trading Range, Premium & Discount , Fractals, and Swing Structure. The indicator includes the popular SMC Market Structure Trend to help traders analyze the trend.
In addition to these features, this version adds the following:
Multitimeframe option
Predicted Structure and Range
Backtesting option
External Range Liquidity
Internal Range Liquidity
Liquidity Grab
Fair Value Gap (FVG)
True Fair Value Gap
Imbalance
Order block
Orderflow
Supply & Demand
Equal Highs and Equal Lows
Point of Interest
An alert function that allows you to set any combination of alerts.
This indicator aims to be an all-in-one SMC indicator that helps Smart Money Traders automate their analyzes.
█ HOW TO USE
Use the indicator to trade advanced SMC Trading techniques.
█ Settings
The indicator is fully customized and can be adjusted to fit Swing Trading, Trend Trading, Day Trading, or Scalping.
The indicator works in any market and timeframe.
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Disclaimer
Copyright by Zeiierman.
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Smart Money Concept (Expo)Are you Trading SMC? - Are you willing to learn how to apply SMC techniques? - Great, this indicator is for you!
█ This Smart Money Concept ( SMC ) indicator is a sophisticated and highly innovative indicator that combines all the necessary features to trade SMC trading techniques. It is built off of Smart Money Concepts inspired by inner trader circle (ICT) teachings. Smart Money is considered the capital allocated by institutional investors, funds, and other larger financial market participants. This indicator takes the Institutional trading behavior and makes it accessible to retail investors. By using an SMC indicator, you get professional insights into the market.
█ This indicator provides you with all of the most important SMC principles in one indicator. Fully automated and real-time Break of Market Structure, Change of Character, Current Trading Range, Premium & Discount , Fractals, and Swing Structure. In addition to the most important features, we have added a highly unique SMC Market Structure Trend based on the market structure principle. A confirmed swing structure trend background enhances the trend feature even more.
Swing Structure
Identifying major market structures with the indicator.
Current Trading Range
The Range feature ensures that traders always know where the current range is and where to find Premium and Discount within that range. In addition, the range is updated in real-time without any delay.
Premium & Discount Zones
Identifying Premium and Discounts zones automatically for you.
Structure break
Break of Market Structure ( BMS ) and Change of Character ( CHoCH ) - are automatically identified and plotted in real-time.
Supply and Demand
Use our Supply/Demand indicator to identify high probabilities trading zones.
█ HOW TO USE
Use the indicator to trade SMC Trading techniques.
Use the indicator to understand the current market structure.
Use the indicator to identify the current range and premium and discount levels.
█ Settings
The Market structure period is fully customized and can be adjusted to fit Swing Trading, Trend Trading, Day Trading, or Scalping.
The indicator works in any market and timeframe.
█ Basic Terminology
S&D - Supply & Demand
S2D - Supply to Demand
D2S - Demand to Supply
OB - Orderblock
AOI - Area of Interest
POI - Point of Interest
LOR - Level of Respect
FLOR - First Level of Respect
IMB - Imbalance
INF - Inefficiency
FVG - Fair Value Gap
IRL - Internal Range Liquidity
ERL - External Range Liquidity
HH - Higher High
HL - Higher Low
LL - Lower Low
LH - Lower High
BOS - Break of Structure
BMS - Break of Market Structure
mBOS - Minor Break of Structure
SMS - Shift in Market Structure
CHoCH - Change of Character
mCHoCH - minor Change of Character
EQH - Equal Highs
EQL - Equal Lows
BSL - Buy Side Liquidity
SSL - Sell Side Liquidity
LQ - Liquidity
EQ - Equilibrium
PA - Price Action
MTF - Multi Timeframe
HTF - Higher Timeframe
LTF - Lower Timeframe
PT - Protrend
CT - Counter trend
OF - Orderflow
EOF - Expectational Orderflow
LOD - Low of the Day
HOD - High of the Day
HOW - High of the Week
LOW - Low of the week
RE - Risk Entry
CE - Confirmation Entry
DCE - Double Confirmation Entry
SL - Stop loss
RR - Risk Reward
BFI - Banks & Financial Institutions
Hedgies - Hedge Funds
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Disclaimer
Copyright by Zeiierman.
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
WMA combined with Barcolor VTRENDThis script centers around a weighted moving average band, to show price action when its in a bull or bear trend.
Included for trend purposes are two volume weighted moving averages, a 99 and 500 length respectively.
Above the weighted moving average band, barcolor is green and below it is red.
We also have key open levels, the daily, weekly, monthly and yearly. The candle colors are different when it closes above or below the daily open, purple for above and maroon for below. I have also have taken the liberty of putting crosses on chart for when this happens too, as to help identify the direction of price action more easily.
I recommend using the 1hr timeframe for most trades, the open and close crosses can be noisy at low timeframes, 15 - 30 minutes is good enough for low timeframe scalping.
RSI Local TrendA simple indicator using two RSIs.
Conditions for buy:
RSI(slow) < RSI(fast) and RSI(slow) < long_trigger
Conditions for sell:
RSI(slow) > RSI(fast) and RSI(slow) > short_trigger
It is recommended to use in small timeframes for scalping.
Recommended settings:
slow = 3
fast = 14
long_trigger = 30
short_trigger = 70
In markets where there is very high volatility, it is recommended to change the trigger parameters:
long_trigger = 20
short_trigger = 80
VIX Volatility Trend Analysis With Signals - Stocks OnlyVIX VOLATILITY TREND ANALYSIS CLOUD WITH BULLISH & BEARISH SIGNALS - STOCKS ONLY
This indicator is a visual aid that shows you the bullish or bearish trend of VIX market volatility so you can see the VIX trend without switching charts. When volatility goes up, most stocks go down and vice versa. When the cloud turns green, it is a bullish sign. When the cloud turns red, it is a bearish sign.
This indicator is meant for stocks with a lot of price action and volatility, so for best results, use it on charts that move similar to the S&P 500 or other similar charts.
This indicator uses real time data from the stock market overall, so it should only be used on stocks and will only give a few signals during after hours. It does work ok for crypto, but will not give signals when the US stock market is closed.
**HOW TO USE**
When the VIX Volatility Index trend changes direction, it will give a green or red line on the chart depending on which way the VIX is now trending. The cloud will also change color depending on which way the VIX is trending. Use this to determine overall market volatility and place trades in the direction that the indicator is showing. Do not use this by itself as sometimes markets won’t react perfectly to the overall market volatility. It should only be used as a secondary confirmation in your trading/trend analysis.
For more signals with earlier entries, go into settings and reduce the number. 10-100 is best for scalping. For less signals with later entries, change the number to a higher value. Use 100-500 for swing trades. Can go higher for long swing trades. Our favorite settings are 20, 60, 100, 500 and 1000.
***MARKETS***
This indicator should only be used on the US stock markets as signals are given based on the VIX volatility index which measures volatility of the US Stock Markets.
***TIMEFRAMES***
This indicator works on all time frames, but after hours will not change much at all due to the markets being closed.
**INVERSE CHARTS**
If you are using this on an inverse ETF and the signals are showing backwards, please comment with what chart it is and I will configure the indicator to give the correct signals. I have included over 50 inverse ETFs into the code to show the correct signals on inverse charts, but I'm sure there are some that I have missed so feel free to let me know and I will update the script with the requested tickers.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Directional Movement Index, Volume Profile with buy & sell pressure, Auto Support And Resistance, Vix Scalper and Money Flow Index in combination with this Vix Trend Analysis. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Volatility indicator based on ATR Hello,
I'm sharing to you a volatility indicator I've done in the last few weeks based on ATR. There is multiple functionalities on this indicator, the first one is an overlay displaying when an asset is in an "overvolatily zone"
(displayed with red cross) and when we are in an "undervolatily zone" (displayed with green cross). You can change the sensibility of the signals in the parameters if you wish to have more or less greedy signals
(it will only modify the overvolatility signals). By the way those signals are not working for week-ends because volatility works differently on week-ends and it's not a good idea to count week-ends in the calculations, so do not worry if you see no signals on weekends.
Second part of the indicator is something I called "Atr bands" it's an equivalent to the famous Bollinger-Bands but based on ATR. I haven't backtested them yet but they seems really interesting in low ut
(15 mins seems to be the best ut for those) and they seems pretty bad in high ut so they can maybe be useful for low ut scalping.
Last thing, there is a parameter allowing you to display bands on the week-ends so you can easily see where the indicator won't give signals.
I would be really happy if I could have some feedsback if you try the indicator :)
Have a wonderful day
Pumpkin Soup Modified Indicator[Early bird]This trading strategy is a multi-divergence trading technique using central oscillators such as MACD, SMI, Stochastic, and RSI and MAs (EMA, SMA, WMA) and channels (Donchian).
Only the parts that can be disclosed based on personal sales strategies can be used.
※ Raise it from the previously posted strategic indicator to the alarm indicator.
- You can measure the size of the weight with the rainbow color of the arrow, and the alarm is made of a single alarm.
I recommend a 3-hour stick to 12-hour stick for usage.
The MACD ma part is the sensitivity part of the signal, so please use it if necessary.
///옵션
Middle value (Support Resistance): It represents the sales base of the stock bar where long and short occur, starting from the peak where diversity occurs.
-Red and green lines represent resistance and support, and yellow and blue lines represent short-term sections used for scalping.
※ inverval : It's a part that adjusts sensitivity and you can apply it according to the time of use.
MA was used by integrating the MA series in combination.
-The required length of MA is 5 pieces, and I wrote the length I use.
※ This strategy was used to raise it to a single alarm indicator before raising it to an invitation-only indicator.
Reference
CM_Donchian Channels Modified_V2 With Alert Capability by ChrisMoody
~ We applied the range in front of the stock bar to create the section necessary to adjust the leverage.
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이 매매 전략은 MACD, SMI, Stochastic, RSI 등 센터드 오실레이터와 MAs(EMA, SMA, WMA)와 채널(돈치안)을 이용한 다중 다이버전스 매매기법입니다.
개인적인 매매전략을 근본으로 공개할 수 있는 부분만 사용할 수 있게 올립니다.
※ 기존에 올렸던 전략지표에서 알람지표로 다시 올립니다.
- 화살표의 무지개 색상으로 비중의 크기를 가늠할 수 있으며 알람은 단일 알람으로 제작되었습니다.
사용시간대는 3시간봉에서 12시간봉대를 추천드립니다.
MACD ma 부분은 시그널상 민감도부분으로 필요시 사용하시길 바랍니다.
///옵션
Middle value(Support Resistance) : 다이버전스가 생기는 봉을 기점으로 롱과 숏이 발생하는 주가봉의 매물대를 나타냅니다.
빨간선과 초록선은 저항과 지지를 나타내며, 노란선과 파란선은 스캘핑용으로 사용되는 단기 구간을 나타냅니다.
※ inverval : 민감도 조절하는 부분으로 사용시간대에 맞게 적용하시면 됩니다.
MA는 MA계열을 복합적으로 통합하여 사용하였습니다.
필요한 MA의 길이는 5개정도로 제가 사용하는 길이로 작성하였습니다.
※본 전략은 초대전용 지표로 올리기전 단일 알람 지표로 올리는 용도로 사용되었습니다.
※ 전략지표 매매 포인트에서 매매 물타기 불타기 적용
참고
CM_Donchian Channels Modified_V2 With Alert Capability by ChrisMoody
~ 주가봉 앞의 범위를 적용하여 레버리지 조절하는데 필요한 구간을 만들었습니다.
Volatility CheckerWhenever we want to find out volatility of the current chart, we need to visit screener and check the latest percentage. Because of this frustration by visiting screener page, I made this script. And there is no script like this, so it's open and free to use.
This script is detect current percentage of volatility as indicator way. Screener show default 1D volatility. But this script is not only show 1D volatility. You can change the resolution whatever you like. And you can switch more resolution style. But I think, 1D resolution is better. This script is best for crypto investors. I've no idea about stock/forex, so hmmmmm.
Hline helps you to detect the position of the volatility. I always like to check those symbol which is less than 30. Because it's best for scalping. Less than 10 is best for swing traders.
Feel free to use. Any feedback? welcome to comment zone :)
Bollinger bands and Keltner bands
█ OVERVIEW
This is a Bollinger band Script, with Keltner Channel Bands and for scalping.
█ CONCEPTS
1 — Bollinger Bands, The Bollinger band component is make out from two part, the standard component represented by a white cloud.
This is the 2nd deviation and 3rd deviation filled.
The second part linear weight
This is the 2nd deviation, and is filled from the 3rd deviation from the standard bands. This give the effect of cutting in and out to proved a support and resistance cloud.
2 — Keltner bands, this is the normal calculation, nothing special, by default this is off and can be turned back on in styles.
3 Deviations with ALMA as the Basis
3 — Non-traditional basis
Like with you can change the base moving average
but to a lesser extent.
option are:
sma = Simple Moving Average
ema = Exponential Moving Average
wma = Weighted Moving Average
vwma = Volume Weighted Moving Average
rma = Running Moving Average
alma = Arnaud Legoux Moving Average
hma = Hull Moving Average
█ OTHER SECTIONS
• LIMITATIONS: again this is base on moving average so there is a lag factor, the cloud do not work without volume so if the indicator can not pull volume data you are left with the standard bands.
• NOTE this is a trimmed version of still functions the same.
• THANKS: rumpypumpydumpy for the inspiration
Godson CandleScript Symposium This script is a party of every useful trading indicator i believe in.
The primary signals are candlescript analyses
in order of most useful
CBE: Complete Bullish/Bearish Engulfing
DF/GD: These are Dragonfly and Gravestone Doji's but they also signal Harami's
BE: Bullish/Bearish Engulfing
H: Actual Harami's (these are mean't to be pre-emptive Hedge signals)
D: basic Dojis
these are also two Moving Averages
1Hr ema and 1D ema
doesn't have to be 1Hr/1D but that's the default.
you have 3 choices
A: show all signals
B: only show counter signals(these are bullish signals in a bear market; as defined by price under 1D, and vice versa), this exists for picking bottoms or counter-trend scalping.
C: only show pro trend signals(the trend is your fren... as they say)
only signals that appear 3% away from the mean(1hr ema) are shown, you can change this.
there are also signals that are meant for buying dips and selling rips, these appear when the price action significantly increases the STDEV and the price is far from the mean.
these settings can also be changed
green X: Local Bottom
red X: Locap top
candlecolor if turned on changes the color of the candle when Heiken Ashi open is the High(red) or low(green)
if you want your charts to look exactly like mine, turn off candle body, change wick colors to white and make background gridline 100% transparent.
High Low Open Mid Ranges & Levels (Multi-Timeframe)This indicator automatically plots the chosen timeframe's high, low, mid point and open. These levels on higher timeframes act as support and resistance levels on lower timeframes, helping find entries, stoploss and profit targets.
Most common timeframes to choose are Daily, 1W, 1M, and 3M. Other timeframes that are good include, 2D, 2W and 2M.
For example, you can see in the snapshot below, we are on the 4hr TF showing those levels from the 2W. This historical 2W zone (open and mid) was (and currently still is) resistance. You can see it also provided a good entry to go short.
This is also useful for intraday scalping. Below, we are on the 15min TF with levels set on the 2D timeframe. You can see how the Open and Mid levels acted as resistance, providing good entries on range trades, with take profit set at the previous 2D low.
There is also a table which tells you all the main TFs high, low, open, and mid levels. They are the most important ones to look out for.
This indicator should not be used in isolation; it is best to pair it up with other TA such as orderblocks, S/D zones, S&R or overlay indicators.
Price ActionFirst, you have to know price action, RTM price action Handbook could help you
this indicator shows you base and momentum candles
base candles could be zones of trade that show you fighting of bulls and bears, and momentum candles could show the power of those zones.
Base candles are white in the chart, and you can place your order at the good zone.
Rally candles and drop candles are momentum candles, and bold rally and bold drop show that it is more powerful than its before candle.
Zigzag compression is one way that shows the compression in trend.
it looks like the Wedges pattern at classic technical that shows pending orders are closed, so the target zone could be powerful to reverse the trend.
Black background of candle means that candle doesn't reach its before candle and so it is poor candle, I named it domination.
It is better to do not trade at poor candles.
At the end, I find Price action the best way to trade, and it makes you free of other indicator, even volume indicator.
This indicator is good for those who use price action strategy to trade and those who want to learn the price action.
It could be so helpful and reliable way to find the zones, and place buy or sell order and the target, specially for scalping.
FieryTrading Suite AThis trading suite offers a complete package to traders, both long- and short-term. The idea here is that by combining FieryTrading Suite A and B, one can get a better grip on the markets, thus making more profitable trades. This trading suite is suited for all time frames and assets. Ideally one would combine this trading suite with their own strategies or indicators.
This indicator pack consists of several parts and offers quite some customization.
// FieryTrading Suite A
Bar Trend: the bars will get colored according to the current, short-term, trend. Green is bullish, red is bearish and yellow is neutral. By tweaking the Bar Trend Length one can make the bar trend more or less responsive. Higher lengths are better for long term trading, whereas a shorter length is better for short-term or scalping.
MTF EMA: this is actually two indicators in one. First, we have the EMA on the chart, which is a general current trend indicator. Above the EMA means bullish, under the EMA means bearish. This EMA is also colored according to the long-term trend, which gets pulled from a higher time-frame. Green means long term bullish, red long-term bearish, yellow neutral.
Overshoot Area: the green and red bands around the price are areas where the price might potentially reverse from. This works exceptionally well in consolidating (horizontal) markets. The wider the overshoot area, the stronger the trend. A very tight overshoot area might indicate that the price will soon make a strong move. Increase the overshoot length to make it better suited for long-term. Decrease the length for better detection of small moves.
Extra’s:
1) Extreme bars: when turned on, the bars will color blue if the price reaches a potential strong area of reversal or consolidation. Blue bars are also great areas to exit your current position. Increase the Extreme Multiplier in case you want it less responsive. Decrease the multiplier to quicker spot extreme bars, but with a higher margin of error.
2) FieryTrend: due to its popularity, I’ve decided to included my FieryTrend indicator in the Trading Suite. It’s a great tool to manually find trend lines, resistances and supports. See my FieryTrend indicator for more info.
3) Fractals: when turned on, this option will display fractals on the chart. These fractals are mainly used for stop-loss determination, but can be used for other strategies as well.
4) FT B Reversal: when turned on, this will place reversals of the FieryTrend Suit B on the chart. Make sure to keep the inputs of the FT B indicator the same on both the A and B suite. It might trigger some false-positives, don’t trade this blindly. Wait for the lighter color to completely disappear behind the darker one on FT B.
Alerts: Alerts can be created for Extreme Bars, Bar Trend and FieryTrading Suite B Reversals. Bar trend currently triggers an alert of every bullish / bearish bar, want to make it trigger once in the future, but I’m encountering an unknown bug.
// FieryTrading Suite B
This oscillator tries to give traders an idea of the current trend, as well as trend reversals. The higher the lengths, the bigger the potential trends can become. Be aware that higher lengths are less responsive to market movements. The default inputs are best for most traders. Alerts for this indicator can be made in the FT Trading Suite A, indicated by the blue up / down triangles.
// Potential strategies
There are several potential strategies that one can follow by just looking at the chart. Here are some examples:
1.0 For longer term trades one could simply trade the bar colors. Buy when the bar goes green, sell when it goes red.
1.1 You could exit the trade at either an Extreme Bar or when the price enters the Overshoot Area
1.2 During bullish trends (green bars, green MTF EMA), you could spot potential entries with the FieryTrading Suite B. Enter on every dip on the oscillator. Inverse would be true for shorts.
2.0 You could trade the FT B Reversals during their respective trend. So, trade bearish reversals during a red MTF EMA, bullish reversals during a green MTF EMA.
Never trade one indicator naked. Always use other indicators to confirm your bias.
For take-profit and stop-loss selection I would generally advise to look at the most recent fractal and place the stop above / below the fractal bar. Bullish trades should look at the pink fractal, bearish trades at the yellow fractal. When no fractal is available, look at the reversal bar and apply the same strategy.
For short term trades I’d advise a risk-reward of 1.5, longer term 2 – 2.5.
See the screenshots below for a couple of examples.
For access, please take a look at the "Author's Instructions" below.
Dump Detector - Stochastic RSIDump Detecter uses Stochastic RSI to detect dumps/downtrends. Can be used as an exit trigger for long bots or an entry trigger for short bots. Change settings to lower timeframe for scalping. Pump signals can be turned on with tickbox.
Default Settings are not the usual Stochastic RSI setup and have been tuned to bitcoin 3hr chart:
Timeframe = 3hrs
smoothK = 3
smoothD = 3
lengthRSI = 6
lengthStoch = 27
src = close
Quantum RenkoIf you are a more experienced trader, you might have come across the word “renko” or have seen it in trading forums and communities. It refers to a Japanese charting technique that is extremely popular among traders because of the particular way it plots price action. And it does this by removing time, and in effect focuses on price action delivering smooth trends and clear congestion phases. More importantly however it reveals momentum since it is independent of time and so as the market speeds up, so does the chart, and vice versa. This is a concept you would not see in a normal time-based chart.
Each bar is created when the price exceeds the previous bar’s high or low by a predefined amount or what we call the box size or brick size. This gives the renko chart a pleasant appearance of equally sized bars running up or down in 45-degree angles. This delivers some great advantages.
First, it allows traders to focus solely on price as the chart filters out all minor price fluctuations and market “noise”. This makes it easier for traders not only to identify strong moves but also to spot significant turning points, and so deploy smarter entries and exits.
Second, a renko chart helps traders in what is probably one of the most difficult aspects of trading, namely staying in a position once a move is underway. The renko chart does this by displaying price momentum as it speeds up and slows down and it does this because a renko chart is devoid of time.
Finally, because the bricks are drawn at 45-degree angles from each other, the charts are easier to read and to analyze.
Unfortunately, on TradingView the renko chart is extremely limited for free users and the Quantum Renko indicator offers a great solution with some exciting new features.
Dual Mode
You can use the Quantum Renko indicator for TradingView in 2 different ways.
Standard
When applied, the Quantum Renko indicator appears below the main chart and creates a renko chart representation of the time-based chart above. Please note that in Standard mode, and since renko charts are devoid of time, the time x-axis of the chart does not apply to the renko chart displayed. Right off the bat, the Dynamic Renko indicator takes the time-based chart above and calculates the best box size that matches the current timeframe then uses it to create the renko bars below. The computed box size is displayed at the right-hand side of the renko chart’s last bar. It can also accept a fixed box size by entering it in the indicator’s Fixed Box Size input.
Time-accurate
The renko chart is a powerful approach to adopt as an intra-day trader, as it smooths out the price action into a series of blocks or steps, and so delivers a uniform chart which is easy to analyse. And of course, being a non time-based chart, it reveals momentum as the price action speeds up and slows down which is invaluable when scalping. However, there is a problem. As it is a non time-based chart it can be tricky to align this with a time based chart as the two are not synchronised. So, where a trader is running the renko alongside a time-based chart using one to analyse the other and vice versa, it is almost impossible to align the two correctly. This is even more significant when using indicators on the time-based chart such as volume, third party proprietary indicators or those which are freely available. So, what’s the answer?
The Time-accurate renko indicator solves the issue instantly. It is unique and as far as we know nobody has developed such an indicator to provide a solution to this problem. So how does it work? And as you might expect the answer is all in the name. We call it the Time-accurate renko indicator because that’s what it is. In simple terms it aligns the bricks it builds with the time-based chart above. So where for example the time-based price action moves into congestion, so does the time accurate renko and will build a horizontal wall of bricks at that level until the price action breaks away, at which point the Time-accurate renko begins building in the normal way with bricks which rise or fall with the trend. What the chart then delivers is a wonderful picture of clear levels of support and resistance as you might see when a brick wall is under construction, helping traders to establish breakaway price action which all the time is mirrored on the time-based chart with the chosen indicators. What makes the Time-accurate renko even more powerful is the option to select either your own choice of brick size or alternatively the optimised version which means you are trading in harmony with the market. The optimal setting is derived from calculations based on average true range and delivers the perfect brick size for all markets, timeframes and session times, so there is no more guesswork. The indicator does it all for you. However, if you prefer to set your own brick size this is available also.
And the best news of all, is that the Time-accurate renko is included with the Standard renko, so you have two indicators for the price of one and can switch from one to the other at any time or perhaps run both. The choice is yours with this unique combination of renko indicators.
IC Options °Turn the Dashboard on or off
°Turn the Signal Bars on or off
°Turn the Buy & Sell Signals on or off
°Turn the Fibonacci Retracement Tool on or off
The Dashboard information is best used for confirmation and informational purposes
-above 9 ema is bullish, below 9 ema is bearish trend
This script allows user input, you can add or remove built in dashboard, color bars(inform you of when the price action is above or below the midpoint of the Void Lines), long short signals(can be used to find optimal entries and exits for trades on any time frame. Smaller time frames are best for scalping. Longer time frames are best for longer swing trades. This paired with 9,21,34 ema can produced profitable trades!), auto Fibonacci retracement(allows you to plot perfect Fib Lines every time.)
-thanks for allow the following above being public domain from lemon:lemon:
QF BB %John Bollinger introduced his Percent Bandwidth (%B) almost 3 decades after the introduction of his Bollinger bands. This Indicator is derived from the standard Bollinger bands and tracks percentage distance between current price and its historical deviations, to look for discount zones which can be useful in identifying trends ,pullbacks and mean reversion. This indicator thrives in a lower time frame setting and is perfect for scalping.
Aggro AltCoinTrader RSIRSI Aggregator for Altcoin swings and Scalping. Detects macro market trends.
10 tickers (customizable). All 10 must be filled.
Example: Defi cycle, fill samples with 5 strong DEFI coins and 5 others you are interested in particular.
Buy red label and ride trend.
Sell signals are places for possible ladder selling.
Yellow buy dots, ladder buys.
Best results in 1 hour time frame
3min Scalp N.roiIndicator for 3 min time frame scalping.
Fast ema + slow Sma for entrance signal
Modified Sar for TP/SL
SIgnals for entry in both Short and Long direction!
Built by
NOEL ROI
P/L CalculatorI couldn't find an existing indicator that simply calculated profit and loss, so here's one for quick, visual P/L. My api's lag too much to this helps while scalping.
NIKI MS CRYPTOThis indicator is created specifically for BTCUSDTPERP, BTCBUSD, and BTCUSDT cryptocurrency pairs. It is not profitable in other cryptocurrency pairs. It only works on the 5-minute chart with a candle pattern. This indicator is just based on multi-timeframe Supertrend analysis. This indicator is more suitable for scalping. The target is 0.45% and the stop loss is 0.4%, which can be adjusted from the indicator settings. The yellow candle on the chart represents the entry and the blue candle represents the exit. All signals should be considered only after the candle is closed.
This indicator comes with Algo trading settings. By setting an alarm you can do robot trading in Binance.
Contact us using the links provided below to get access to this indicator.
