MTFT Actionable Signal Targets, TheStrat Suite (4of5)Multi Time Frame Tools
Multi Time Frame Tools (MTFT) is a suite of scripts aimed to establish a standard timeframe-based color scheme. This can be utilized to overlay different timeframes calculations/values over a single timeframe. As one example, this would allow to observe the 5-month moving average, 5-week moving average, and 5-day moving average overlaid over each other. This would allow to study a chart, get accustomed to the color scheme and study all these at the same time much easier.
All indicators calculated using the below specific timeframes as input, will always use the color scheme outlined below. This is to get you in habit of recognizing the different timeframes overlaid in top of each other. These can be personalized.
Longer TF analysis.
Yearly - Black
Semi-Annual - Yellow
Quarterly - White
Monthly - Maroon
Weekly - Royal Blue
Daily - Lime
Shorter TF analysis.
4 hour - Fuchsia
1 hour - Orange
30 min - Red
15 min - Brown
10 min - Purple
5 min - Lilac
All color coordination is able to be modified in either the “Inputs” or “Style” section. If you need to make changes, make sure to select “Save as Default” on the bottom right of the settings menu.
Recommended Chart Color Layout
I played around with color coordination a lot. The final product was what worked best for me. I personally use the following chart settings to accent all available TF colors.
-> Click on the settings wheel on your chart. -> Click on “Appearance”.
Background - Solid -> On the top row pick the 6th color from the left.
Vert Grid Lines and Horz Grid Lines -> On the top row pick the 7th color from the left.
You may of course change these and the indicator line colors as you like.
Adding indicator to Chart
-> Open the TradingView “Indicators & Strategies” library, the icon has “ƒx”. -> All premium scripts will be located under “Invite-Only Scripts” -> Click indicator to add to your chart.
MTFT TheStrat Suite (5 Scripts)
Rob Smith is the creator of ‘TheStrat’ trading strategy. For ‘TheStrat’ I have put together a suite of 5 premium scripts that combined will offer people interested in learning ‘TheStrat’ a cleaner learning process. For 2 of the 5 scripts specifically, the MTFT approach of overlaying multiple longer timeframes(TF) over a shorter TF selected as a display cannot be utilized. The other 2 scripts will have full MTFT functionality and they are my personal favorite. I will be providing very basic info to utilize this script; it is up to you to dive deep into learning this strategy. I am not an expert with the tool or a financial advisor. As with all aspects of life, I recommend you research, learn, discern and practice extensively in order to become a master.
1. MTFT Patterns Pro/Noob
2. MTFT Full Time Frame Continuity Table
3. MTFT Last HML wOpen
*4. MTFT Actionable Signal Targets
5. MTFT Reversal Lines
MTFT Actionable Signal Targets, TheStrat Suite (4of5)
Plots the previous highs/lows for the selected timeframe. Will not plot the high/low for a candlestick that is still active/open. You will have to manually Enable/Disable the high/low depending on the type of actionable signal that you are observing. Previous high/low lines will start from the near exact time that it opened so you can see exactly from what previous candlestick you are tracking each target.
Features includes:
1. Six Different Timeframes per script instance. Example below shows a weekly timeframe selected with a Shooting Star as the actionable signal that is being considered along with the past 3 lows for the Week timeframe being enabled. These would be your targets if you were to enter this SHORT trade. Keep in mind that every new week that opens the script will update to the newest 3 lows so if you are still inside a trade you might have to increase the number of past lines in order to keep an eye on the original targets. Which is why I selected 3 in this example, even if there is only 2 targets in mind.
The script will allow you to observe how price moves after an actionable signal is triggered and as it approaches the targets on smaller timeframes. Here is the setup from above on a daily timeframe selected showing how priced moved to the targets. This is all based on Robs teachings, but broken down to better grasp how price moves between pivots.
2. 20 different TF to pick from per slot. Timeframes(TF) include: Yearly(Y), Semi-annually(S), Quarterly(Q), Monthly(M), 2-Week(2W), Weekly(W), 3-Day(3D), Daily(D), 12 hour, 8 hour, 6 hour, 4 hour, 3 hour, 2 hour, 1 hour, 30 min, 15 min, 10 min, 5 min. NOTICE: 2W, 3D, 2D, 12h, 8h, 6h, 3h, and 2h don’t have a supported color scheme as I do not personally use them. They are available to pick from in the timeframe selection and you can set a color for these timeframes under the “Unsupported Color Scheme” section in the settings menu for the script if you would like to use them.
3. Show exact price at the pivots. Since drawing lines vs plots doesn’t show the value in the price bar on the right side this setting will show the value of the targets. Image below shows an example of how this looks.
4. Auto-hide timeframes based on specific timeframes selected. For this script, I look for timeframes smaller than the selected timeframe and auto hide these. This applies to all timeframes. For example, in the above Weekly Shooting Star example. If I were to select the monthly timeframe it would hide this timeframe selected so would not show the weekly targets. In the higher timeframes these targets are irrelevant.
IMPORTANT NOTE: One of the lessons I would consider most important in attaining clarity regarding trading, is “TheStrat” by Rob Smith. His lesson on “actionable signals” is something that can be applied to any strategy. For this reason, I am including “MTFT TheStrat Patterns Pro” script in all images that will depict confluence for a better trade selection.
Example using TheStrat Pro MTFT with this indicator.
Look for a “TheStrat actionable signal” or a “TheStrat Reversal signal” on a smaller timeframe that has an instance of this indicator on a larger timeframe calculation that is in range of the candlestick that formed your actionable signal. This means that the indicators plot you are observing must be above the low and below the high of the candlestick that is the actionable signal/reversal signal. Image below shows what this would look like with this indicator.
The Image below shows what this would look like with this indicator. The selected timeframe is the Weekly, it shows an ‘S’ char above which is an indication of a Shooting Star Actionable signal and the low from 4 months ago in range showing some potential resistance. This actionable signal is meant to be played for SHORTS. If the low is breached than you would enter a short. For targets you would look at the previous pivots, for this example all targets were hit. This wont always play out so nice and clean, but given that there is so many stocks and so many signals this is just a thought to improve the quality of the signal as it has extra confluence.
Cari dalam skrip untuk "the script"
KISS BOT (Keep It Simple BOT)A very simple script that can be used for Futures and Options Trading - for stocks, crypto, forex etc.
The script includes usage of following public scripts:
1. Super Trend
2. Linear Regression
3. Exponential Moving Average
Concept, we are using three EMA, with source High, Low, and Close. We want to buy or sell when there is a crossover of third EMA (fastest) over first and second respectively.
E.g. the default values are EMA 13 High, EMA 13 Low and EMA 5 Close, we will get Buy signal when EMA 5 crosses over EMA 13 High and we will get Sell signal when EMA 5 crosses under EMA 13 Low.
Super Trend settings are made for Looking for Buy or Looking Sell, so that we focus on the trend. Trend is your friend.
Buy Trigger Line and Sell Trigger Line are just indication of using Trigger Line, buy is when EMA 5 crosses EMA 13 Low and Sell When EMA 5 Crosses EMA 13 High
The Tunnel or Band highlighted is the no trade zone for us and we do not want to trade side ways market.
Inside Bars are shown in Yellow, these candles do not qualify for any trade decision.
Outside Bars are shown in Pink, these candles do not qualify for any trade decision
Trendline Pairs (Deep Search)After getting good response on Wedge-and-Flag-Finder-Multi-zigzag , I thought I will build little bit further into the script.
Main differences
Uses deep search algorithm for patterns instead of just using last 5 pivots
Flag pattern is removed so that we can concentrate mainly on trend line pairs
More number of overall patterns.
Trend Patterns Included
Channel - Rising, Falling, Ranging
Wedge - Rising, Falling + Expanding, Contracting types
Triangle - Expanding, Contracting
Indeterminate - Happens in rare cases where angle calculation results in error. It may still belong to one of the above patterns.
Please note:
This is published as free to use but protected source code indicator. This is because the script contains deep search algorithm which isn't made public yet and is also been used in other invite only scripts.
Will not be adding alerts to this indicator.
Swing Assassin's Consolidated ScriptI put this script together to essentially consolidate a number of scripts that I use on a daily basis into one script. This is an ongoing improvement effort, so there may be some garbage in here right now so keep that in mind if you intend to use this to help in your trading.
There are 5 moving averages (Hull). I use the Fast, Mid and Slow to find entries after I us the Medium Slow and Super Slow to identify a trend. Otherwise, I have those three turned off.
This script also uses Bollinger Bands which I literally cannot trade without.
The script also has anchored VWAP , automated support/resistance lines, and a homebrewed Volume Profile that is a copy from Ildar Akhmetgaleev's indicator "Poor Man's Volume Profile" used under Mozilla Public License Version 2.0.
Relative Volume (rVol), Better Volume, Average Volume ComparisonThis is the best version of relative volume you can find a claim which is based on the logical soundness of its calculation.
I have amalgamated various volume analysis into one synergistic script. I wasn't going to opensource it. But, as one of the lucky few winners of TradingClue 2. I felt obligated to give something back to the community.
Relative volume traditionally compares current volume to prior bar volume or SMA of volume. This has drawbacks. The question of relative volume is "Volume relative to what?" In the traditional scripts you'll find it displays current volume relative to the last number of bars. But, is that the best way to compare volume. On a daily chart, possibly. On a daily chart this can work because your units of time are uniform. Each day represents a full cycle of volume. However, on an intraday chart? Not so much.
Example: If you have a lookback of 9 on an hourly chart in a 24 hour market, you are then comparing the average volume from Midnight - 9 AM to the 9 AM volume. What do you think you'll find? Well at 9:30 when NY exchanges open the volume should be consistently and predictably higher. But though rVol is high relative to the lookback period, its actually just average or maybe even below average compared to prior NY session opens. But prior NY session opens are not included in the lookback and thus ignored.
This problem is the most visibly noticed when looking at the volume on a CME futures chart or some equivalent. In a 24 hour market, such as crypto, there are website's like skew can show you the volume disparity from time of day. This led me to believe that the traditional rVol calculation was insufficient. A better way to calculate it would be to compare the 9:30 am 30m bar today to the last week's worth of 9:30 am 30m bars. Then I could know whether today's volume at 9:30 am today is high or low based on prior 9:30 am bars. This seems to be a superior method on an intraday basis and is clearly superior in markets with irregular volume
This led me to other problems, such as markets that are open for less than 24 hours and holiday hours on traditional market exchanges. How can I know that the script is accurately looking at the correct prior relevant bars. I've created and/or adapted solutions to all those problems and these calculations and code snippets thus have value that extend beyond this rVol script for other pinecoders.
The Script
This rVol script looks back at the bars of the same time period on the viewing timeframe. So, as we said, the last 9:30 bars. Averages those, then divides the: . The result is a percentage expressed as x.xxx. Thus 1.0 mean current volume is equal to average volume. Below 1.0 is below the average and above 1.0 is above the average.
This information can be viewed on its own. But there are more levels of analysis added to it.
Above the bars are signals that correlate to the "Better Volume Indicator" developed by, I believe, the folks at emini-watch and originally adapted to pinescript by LazyBear. The interpretation of these symbols are in a table on the right of the indicator.
The volume bars can also be colored. The color is defined by the relationship between the average of the rVol outputs and the current volume. The "Average rVol" so to speak. The color coding is also defined by a legend in the table on the right.
These can be researched by you to determine how to best interpret these signals. I originally got these ideas and solid details on how to use the analysis from a fellow out there, PlanTheTrade.
I hope you find some value in the code and in the information that the indicator presents. And I'd like to thank the TradingView team for producing the most innovative and user friendly charting package on the market.
(p.s. Better Volume is provides better information with a longer lookback value than the default imo)
Credit for certain code sections and ideas is due to:
LazyBear - Better Volume
Grimmolf (From GitHub) - Logic for Loop rVol
R4Rocket - The idea for my rVol 1 calculation
And I can't find the guy who had the idea for the multiples of volume to the average. Tag him if you know him
Final Note: I'd like to leave a couple of clues of my own for fellow seekers of trading infamy.
Indicators: indicators are like anemometers (The things that measure windspeed). People talk bad about them all the time because they're "lagging." Well, you can't tell what the windspeed is unless the wind is blowing. anemometers are lagging indicators of wind. But forecasters still rely on them. You would use an indicator, which I would define as a instrument of measure, to tell you the windspeed of the markets. Conversely, when people talk positively about indicators they say "This one is great and this one is terrible." This is like a farmer saying "Shovels are great, but rakes are horrible." There are certain tools that have certain functions and every good tool has a purpose for a specific job. So the next time someone shares their opinion with you about indicators. Just smile and nod, realizing one day they'll learn... hopefully before they go broke.
How to forecast: Prediction is accomplished by analyzing the behavior of instruments of measure to aggregate data (using your anemometer). The data is then assembled into a predictive model based on the measurements observed (a trading system). That predictive model is tested against reality for it's veracity (backtesting). If the model is predictive, you can optimize your decision making by creating parameter sets around the prediction that are synergistic with the implications of the prediction (risk, stop loss, target, scaling, pyramiding etc).
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PriceCatch Opensource CPRHi Friends & TradingView community.
Greetings to you.
Some traders like to use Central Pivot Range (CPR) in their chart for assessing price movement. It is usually used in combination with Pivot Levels.
Calculating CPR is a simple matter. There a few CPR scripts in the Public Library, but have the code hidden. I thought there may many users who may want to know how CPR is calculated and study it for use in their own scripts. So, here is the CPR script with the code. Use it as you please.
Note: CPR is plotted only on intra-day time-frames.
The light magenta (band) range is current day CPR.
The light blue (band) range is tomorrow's CPR projected for you today itself based on current day's price action and range.
Queries / feedback welcome.
All the best.
PS: The script is developed to the best of my ability and as with all indicators, you have to decide if it might be useful to you when adding to your chart.
Tic Tac Toe (For Fun)Hello All,
I think all of you know the game "Tic Tac Toe" :) This time I tried to make this game, and also I tried to share an example to develop a game script in Pine. Just for fun ;)
Tic Tac Toe Game Rules:
1. The game is played on a grid that's 3 squares by 3 squares.
2. You are "O", the computer is X. Players take turns putting their marks in empty squares.
3. if a player makes 3 of her marks in a row (up, down, across, or diagonally) the he is the winner.
4. When all 9 squares are full, the game is over (draw)
So, how to play the game?
- The player/you can play "O", meaning your mark is "O", so Xs for the script. please note that: The script plays with ONLY X
- There is naming for all squears, A1, A2, A3, B1, B2, B3, C1, C2, C3. you will see all these squares in the options.
- also You can set who will play first => "Human" or "Computer"
if it's your turn to move then you will see "You Move" text, as seen in the following screenshot. for example you want to put "O" to "A1" then using options set A1 as O
How the script play?
it uses MinMax algorithm with constant depth = 4. And yes we don't have option to make recursive functions in Pine at the moment so I made four functions for each depth. this idea can be used in your scripts if you need such an algorithm. if you have no idea about MinMax algorithm you can find a lot of articles on the net :)
The script plays its move automatically if its turn to play. you will just need to set the option that computer played (A1, C3, etc)
if it's computer turn to play then it calculates and show the move it wants to play like "My Move : B3 <= X" then using options you need to set B3 as X
Also it checks if the board is valid or not:
I have tested it but if you see any bug let me know please
Enjoy!
alpha Renko intraday wave timeI was asked to share my experimental Renko intraday wave time. So here it is warts and all. The same for the rest - except the Weis cumulative volume.
Renko wave time is in minutes. This script is strictly intraday and has not been played with extensively.
You must use traditional Renko and set the script wave size to the same size as the Renko brick size.
If you click on the sideways wishbone or "V" in the middle upper part of the chart you will get all of the scripts in this particular sandbox. After clicking the sideways wish bone click on "make it mine". You will then have the whole sandbox. The only published script is the Weis cumulative wave.
The "Boys MAs" is supposed to be a script for daily charts and from within some kind of consolidation. In any case I am intrigued by some signals. You have a variety of sandbox options in the format section of the boys MAs.
These codes are pretty rough with lots of abandoned lines of script.
IU Trailing Stop Loss MethodsThe 'IU Trailing Stop Loss Methods' it's a risk management tool which allows users to apply 12 trailing stop-loss (SL) methods for risk management of their trades and gives live alerts when the trailing Stop loss has hit. Below is a detailed explanation of each input and the working of the Script.
Main Inputs:
- bar_time: Specifies the date from which the trade begins and entry price will be the open of the first candle.
- entry_type: Choose between 'Long' or 'Short' positions.
- trailing_method: Select the trailing stop-loss method. Options include ATR, Parabolic SAR, Supertrend, Point/Pip based, Percentage, EMA, Highest/Lowest, Standard Deviation, and multiple target-based methods.
- exit_after_close: If checked, exits the trade only after the candle closes.
Optional Inputs:
ATR Settings:
- atr_Length: Length for the ATR calculation.
- atr_factor: ATR multiplier for SL calculation.
Parabolic SAR Settings:
- start, increment, maximum: Parameters for the Parabolic SAR indicator.
Supertrend Settings:
- supertrend_Length, supertrend_factor: Length and factor for the Supertrend indicator.
Point/Pip Based:
- point_base: Set trailing SL in points/pips.
Percentage Based:
- percentage_base: Set SL as a percentage of entry price.
EMA Settings:
- ema_Length: Length for EMA calculation.
Standard Deviation Settings:
- std_Length, std_factor: Length and factor for standard deviation calculation.
Highest/Lowest Settings:
- highest_lowest_Length: Length for the highest/lowest SL calculation.
Target-Based Inputs:
- ATR, Point, Percentage, and Standard Deviation based target SL settings with customizable lengths and multipliers.
Entry Logic:
- Trades initiate based on the entry_type selected and the specified bar_time.
- If Long is selected, a long trade is initiated when the conditions match, and vice versa for Short.
Trailing Stop-Loss (SL) Methods Explained:
The strategy dynamically adjusts stop-loss based on the chosen method. Each method has its calculation logic:
- ATR: Stop-loss calculated using ATR multiplied by a user-defined factor.
- Parabolic SAR: Uses the Parabolic SAR indicator for trailing stop-loss.
- Supertrend: Utilizes the Supertrend indicator as the stop-loss line.
- Point/Pip Based: Fixed point-based stop-loss.
- Percentage Based: SL set as a percentage of entry price.
- EMA: SL based on the Exponential Moving Average.
- Highest/Lowest: Uses the highest high or lowest low over a specified period.
- Standard Deviation: SL calculated using standard deviation.
Exit Conditions:
- If exit_after_close is enabled, the position will only close after the candle confirms the stop-loss hit.
- If exit_after_close is disabled, the strategy will close the trade immediately when the SL is breached.
Visualization:
The script plots the chosen trailing stop-loss method on the chart for easy visualization.
Target-Based Trailing SL Logic:
- When a position is opened, the strategy calculates the initial stop-loss and progressively adjusts it as the price moves favorably.
- Each SL adjustment is stored in an array for accurate tracking and visualization.
Alerts and Labels:
- When the Entry or trailing stop loss is hit this scripts draws a label and give alert to the user that trailing stop has been hit for the trade.
Note - on the historical data The Script will show nothing if the entry and the exit has happened on the same candle, because we don't know what was hit first SL or TP (basically how the candle was formed on the lower timeframe).
Summary:
This script offers flexible trailing stop-loss options for traders who want dynamic risk management in their strategies. By offering multiple methods like ATR, SAR, Supertrend, and EMA, it caters to various trading styles and risk preferences.
Simple COT ReportCOT Net Positions Indicator
Author: © Munkhtur
This indicator provides a comprehensive visualization of the Commitment of Traders (COT) report data, enabling traders to analyze market sentiment and positioning for key market participants.
Key Features:
Dashboard Display: Shows the net positions of Commercial, Noncommercial, and Nonreportable (Retail) traders.
Dynamic Position Tracking: Highlights significant changes in long and short positions for all trader categories based on customizable percentage thresholds.
COT Data Integration: Utilizes Legacy COT report data with clear segregation of long, short, and net positions.
Visual Signals:
Bullish and bearish trends are indicated with customizable colors for better chart visualization.
Displays "open" and "close" position changes directly on the price candles for easier tracking.
Flexible Configuration: Adjustable settings for dashboard location, text size, percentage thresholds, and color schemes.
How to Use:
Load the Script: Add the indicator to your Futures chart only by navigating to the TradingView indicators menu and selecting it from your saved scripts.
Customize Settings:
Dashboard: Enable or disable the dashboard, and set its position (Top Left, Top Right, etc.).
Data on Candle: Turn on/off the visualization of COT data changes on price candles and define the percentage change threshold to focus on significant moves.
Style Options: Customize bullish and bearish colors for better visual differentiation.
Select Trader Group: Choose from Commercial, Noncommercial, or Nonreportable positions in the settings menu to analyze the specific group of market participants.
Interpret Signals:
Green bars indicate opening long positions or bullish sentiment.
Red bars highlight opening short positions or bearish sentiment.
Yellow and purple bars signify the closure of long and short positions, respectively.
Use Cases:
Identify market sentiment shifts by observing net position changes among different trader groups.
Spot potential trend reversals based on COT data dynamics.
Use as a complementary tool to confirm your existing trading strategies.
Disclaimer:
This indicator is a tool for educational and informational purposes only. Always combine it with your own analysis and risk management strategy when trading.
Systematic Investment Tracker by Ceyhun Gonul### English Description
**Systematic Investment Tracker with Enhanced Features**
This script, titled **Systematic Investment Tracker with Enhanced Features**, is a TradingView tool designed to support systematic investments across different market conditions. It provides traders with two customizable investment strategies — **Continuous Buying** and **Declining Buying** — and includes advanced dynamic investment adjustment features for each.
#### Detailed Explanation of Script Features and Originality
1. **Two Investment Strategies**:
- **Continuous Buying**: This strategy performs purchases consistently at each interval, as set by the user, regardless of market price changes. It follows the principle of dollar-cost averaging, allowing users to build an investment position over time.
- **Declining Buying**: Unlike Continuous Buying, this strategy triggers purchases only when the asset's price has declined from the previous interval's closing price. This approach helps users capitalize on lower price points, potentially improving average costs during downward trends.
2. **Dynamic Investment Adjustment**:
- For both strategies, the script includes a **Dynamic Investment Adjustment** feature. If enabled, this feature increases the purchasing amount by 50% if the current price has fallen by a specific user-defined percentage relative to the previous price. This allows users to accumulate a larger position when the asset is declining, which may benefit long-term cost-averaging strategies.
3. **Customizable Time Frames**:
- Users can specify a **start and end date** for investment, allowing them to restrict or backtest strategies within a specific timeframe. This feature is valuable for evaluating strategy performance over specific market cycles or historical periods.
4. **Graphical Indicators and Labels**:
- The script provides graphical labels on the chart that display purchase points. These indicators help users visualize their investment entries based on the strategy selected.
- A summary **performance label** is also displayed, providing real-time updates on the total amount spent, accumulated quantity, average cost, portfolio value, and profit percentage for each strategy.
5. **Language Support**:
- The script includes English and Turkish language options. Users can toggle between these languages, allowing the summary label text and descriptions to be displayed in their preferred language.
6. **Performance Comparison Table**:
- An optional **Performance Comparison Table** is available, offering a side-by-side analysis of net profit, total investment, and profit percentage for both strategies. This comparison table helps users assess which strategy has yielded better returns, providing clarity on each approach's effectiveness under the chosen parameters.
#### How the Script Works and Its Uniqueness
This closed-source script brings together two established investment strategies in a single, dynamic tool. By integrating continuous and declining purchase strategies with advanced settings for dynamic investment adjustment, the script offers a powerful, flexible tool for both passive and active investors. The design of this script provides unique benefits:
- Enables automated, systematic investment tracking, allowing users to build positions gradually.
- Empowers users to leverage declines through dynamic adjustments to optimize average cost over time.
- Presents an easy-to-read performance label and table, enabling an efficient and transparent performance comparison for informed decision-making.
---
### Türkçe Açıklama
**Gelişmiş Özellikli Sistematik Yatırım Takipçisi**
**Gelişmiş Özellikli Sistematik Yatırım Takipçisi** adlı bu TradingView scripti, çeşitli piyasa koşullarında sistematik yatırım stratejilerini desteklemek üzere tasarlanmış bir araçtır. Script, kullanıcıya iki özelleştirilebilir yatırım stratejisi — **Sürekli Alım** ve **Düşen Alım** — ve her strateji için gelişmiş dinamik yatırım ayarlama seçenekleri sunar.
#### Script Özelliklerinin Detaylı Açıklaması ve Özgünlük
1. **İki Yatırım Stratejisi**:
- **Sürekli Alım**: Bu strateji, fiyat değişimlerine bakılmaksızın kullanıcının belirlediği her aralıkta sabit bir miktar yatırım yapar. Bu yaklaşım, uzun vadede pozisyonu kademeli olarak oluşturmak isteyenler için idealdir.
- **Düşen Alım**: Sürekli Alım’ın aksine, bu strateji yalnızca fiyat bir önceki aralığın kapanış fiyatına göre düştüğünde alım yapar. Bu yöntem, yatırımcıların daha düşük fiyatlardan alım yaparak ortalama maliyeti potansiyel olarak iyileştirmelerine yardımcı olur.
2. **Dinamik Yatırım Ayarlaması**:
- Her iki strateji için de **Dinamik Yatırım Ayarlaması** özelliği bulunmaktadır. Bu özellik aktif edildiğinde, mevcut fiyatın bir önceki fiyata göre kullanıcı tarafından belirlenen bir yüzde oranında düşmesi durumunda alım miktarını %50 artırır. Bu durum, uzun vadede maliyet ortalaması stratejilerine katkıda bulunur.
3. **Özelleştirilebilir Tarih Aralığı**:
- Kullanıcılar, yatırımı belirli bir tarih aralığında sınırlandırmak veya test etmek için bir **başlangıç ve bitiş tarihi** belirleyebilir. Bu özellik, strateji performansını geçmiş piyasa döngüleri veya belirli dönemlerde değerlendirmek için kullanışlıdır.
4. **Grafiksel İşaretleyiciler ve Etiketler**:
- Script, grafik üzerinde alım noktalarını gösteren işaretleyiciler sağlar. Bu görsel göstergeler, kullanıcıların seçilen stratejiye göre yatırım girişlerini görselleştirmesine yardımcı olur.
- Ayrıca, her strateji için harcanan toplam tutar, biriken miktar, ortalama maliyet, portföy değeri ve kâr yüzdesi gibi bilgileri gerçek zamanlı olarak gösteren bir **performans etiketi** sunar.
5. **Dil Desteği**:
- Script, İngilizce ve Türkçe dillerini desteklemektedir. Kullanıcılar, performans etiketi metninin ve açıklamalarının tercih ettikleri dilde görüntülenmesi için dil seçimini yapabilir.
6. **Performans Karşılaştırma Tablosu**:
- İsteğe bağlı olarak kullanılabilen bir **Performans Karşılaştırma Tablosu**, her iki strateji için net kâr, toplam yatırım ve kâr yüzdesi gibi bilgileri yan yana analiz eder. Bu tablo, kullanıcıların hangi stratejinin daha yüksek getiri sağladığını değerlendirmesine yardımcı olur.
#### Scriptin Çalışma Prensibi ve Özgünlüğü
Bu script, iki yatırım stratejisini gelişmiş bir araçta birleştirir. Sürekli ve düşen fiyatlara dayalı alım stratejilerini dinamik yatırım ayarlama özelliğiyle entegre ederek yatırımcılar için güçlü ve esnek bir çözüm sunar. Script’in tasarımı aşağıdaki benzersiz faydaları sağlamaktadır:
- Otomatik, sistematik yatırım takibi yaparak kullanıcıların pozisyonlarını kademeli olarak oluşturmalarına olanak tanır.
- Dinamik ayarlama ile düşüşlerden yararlanarak zaman içinde ortalama maliyeti optimize etme olanağı sağlar.
- Her iki stratejinin performansını basit ve anlaşılır bir şekilde karşılaştıran etiket ve tablo ile verimli bir performans değerlendirmesi sunar.
MTFT Reversal Lines, TheStrat Suite (5of5)Multi Time Frame Tools
Multi Time Frame Tools (MTFT) is a suite of scripts aimed to establish a standard timeframe-based color scheme. This can be utilized to overlay different timeframes calculations/values over a single timeframe. As one example, this would allow to observe the 5-month moving average, 5-week moving average, and 5-day moving average overlaid over each other. This would allow to study a chart, get accustomed to the color scheme and study all these at the same time much easier.
All indicators calculated using the below specific timeframes as input, will always use the color scheme outlined below. This is to get you in habit of recognizing the different timeframes overlaid in top of each other. These can be personalized.
Longer TF analysis.
Yearly - Black
Semi-Annual - Yellow
Quarterly - White
Monthly - Maroon
Weekly - Royal Blue
Daily - Lime
Shorter TF analysis.
4 hour - Fuchsia
1 hour - Orange
30 min - Red
15 min - Brown
10 min - Purple
5 min - Lilac
All color coordination is able to be modified in either the “Inputs” or “Style” section. If you need to make changes, make sure to select “Save as Default” on the bottom right of the settings menu.
Recommended Chart Color Layout
I played around with color coordination a lot. The final product was what worked best for me. I personally use the following chart settings to accent all available TF colors.
-> Click on the settings wheel on your chart. -> Click on “Appearance”.
Background - Solid -> On the top row pick the 6th color from the left.
Vert Grid Lines and Horz Grid Lines -> On the top row pick the 7th color from the left.
You may of course change these and the indicator line colors as you like.
Adding indicator to Chart
-> Open the TradingView “Indicators & Strategies” library, the icon has “ƒx”. -> All premium scripts will be located under “Invite-Only Scripts” -> Click indicator to add to your chart.
MTFT TheStrat Suite (5 Scripts)
Rob Smith is the creator of ‘TheStrat’ trading strategy. For ‘TheStrat’ I have put together a suite of 5 premium scripts that combined will offer people interested in learning ‘TheStrat’ a cleaner learning process. For 2 of the 5 scripts specifically, the MTFT approach of overlaying multiple longer timeframes(TF) over a shorter TF selected as a display cannot be utilized. The other 2 scripts will have full MTFT functionality and they are my personal favorite. I will be providing very basic info to utilize this script; it is up to you to dive deep into learning this strategy. I am not an expert with the tool or a financial advisor. As with all aspects of life, I recommend you research, learn, discern and practice extensively in order to become a master.
1. MTFT Patterns Pro/Noob
2. MTFT Full Time Frame Continuity Table
3. MTFT Last HML wOpen
4. MTFT Actionable Signal Targets
*5. MTFT Reversal Lines
MTFT Reversal Lines, TheStrat Suite (5of5)
This script will plot the line at the point that the reversal was formed for multiple timeframes. Often times price retraces to these points before making more explosive moves in continuation of the reversal direction.
The script has the following features.
Six user selected time frames per script instance can be enabled/disabled. Timeframes include: Yearly(Y), Semi-annually(S), Quarterly(Q), Monthly(M), Weekly(W), Daily(D), 4 hour, 1 hour, 30 min, 15 min, 10 min, and 5 min. Image below shows the Weekly TF selected, and only the W, Q, M, and W are enabled. I’ve included some comments on basic observations.
2. Auto hide lower timeframe calculations. Auto Hide feature will hide smaller TF calculations when a larger timeframe is selected as the display TF. Example, when the Daily timeframe candlestick selected the 4 hour and smaller calculations are hidden because they produce irrelevant results relative to the selected timeframe. If a lower TF is selected such as the 30 min candlestick, the previously hidden timeframes are now displayed. This allows easier study as you change between displayed timeframes.
This script works best in conjunction with ‘MTFT Last HML Band wOpen’. In the image below I have the W candlestick selected, along with the Q HML Lines, and the Q Reversal Line shown. It shows you a clearer picture of how price moves on a TheStrat continuation CS and after a TheStrat reversal point is made. This lets you break into the fine details of what happened inside Quarter 1, 2022 and after the reversal point was formed.
IMPORTANT NOTE for TradingView admin: One of the lessons I would consider most important in attaining clarity regarding trading, is “TheStrat” by Rob Smith. His lesson on “actionable signals” is something that can be applied to any strategy. For this reason, I am including “MTFT TheStrat Patterns Pro” script in all images that will depict confluence for a better trade selection.
Example using TheStrat Pro MTFT with this indicator.
Look for a “TheStrat actionable signal” or a “TheStrat Reversal signal” on a smaller timeframe that has an instance of this indicator on a larger timeframe calculation that is in range of the candlestick that formed your actionable signal. This means that the indicators plot you are observing must be above the low and below the high of the candlestick that is the actionable signal/reversal signal. Image below shows what this would look like with this indicator.
The Image below shows what this would look like with this indicator. The selected candlestick is the 3-day, it shows a 2U-1-potential 2D Reversal pattern and the Quarter Reversal Down line in range. This actionable signal is meant to be played for SHORTS. If the low is breached, you would enter a SHORT position from the low of the inside candlestick. For targets you would look at the previous pivots, for this example all targets were hit. This won’t always play out so nice and clean, but given that there is so many stocks and so many signals this is just a thought to improve the quality of the signal as it has extra confluence.
ProfitBee59 ProProfitBee59 Pro for TradingView helps you do tedious works on your technical charts.
*It does CC59 counting and prints out a positive or negative number on each price bar. When the counting arrives at -9 or +9, it creates support and resistance (SNR) levels on the chart.
*It detects a Mom and Baby (MNB) pair of price bars where the left bar has higher high and lower low prices compared to those of the right bar. When a Mom and Baby pair is detected, Mommy head (high price of Mommy bar) and Mommy toe (low price of Mommy bar) levels are drawn on the chart.
*It calculates and plots a volume-weighted-average-price (VWAP) line on the chart with purple color for declining value and white color for rising value.
*It detects and draws a supply trend line of negative slope that links between two local maximum points on the chart.
*It detects and draws a demand trend line of positive slope that links between two local minimum points on the chart.
*It shows arrows and bells based on various configurable conditions on the chart.
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How to install the script:
------------------------------
*Go to the bottom of this page and click on "Add to Favorite Scripts".
*Remove older version of the script by clicking on the "X" button behind the indicator line at the top left corner of the chart window.
*Open a new chart at and click on the "Indicators" tab.
*Click on the "Favorites" tab and choose "ProfitBee59 Pro".
*Right click anywhere on the graph, choose "Color Theme", the select "Dark".
*Right click anywhere on the graph, choose "Settings".
*In "Symbol" tab, set "Precision" to 1/100 for stock price or 1/100000 for Forex and set "Time Zone" to your local time.
*In "Scales" tab, check "Symbol Name Label" and "Indicator Last Value Label".
*In "Events" tab, check "Show Dividends on Chart", "Show Splits on Chart" and "Show Earnings on Chart".
*At the bottom of settings window, click on "Template", "Save As...", then name this theme of graph setting for future call up such as "Stock pb59pro" or "Forex pb59pro" or "Crypto pb59pro".
*Click OK.
==========================================
ProfitBee59 Pro for TradingView (pb59pro) is locked and protected.
Please ***do not*** ask for access in the comment section.
Use the link below to obtain access to this indicator.
==========================================
Pinescript - Standard Array Functions Library by RRBStandard Array Functions Library by RagingRocketBull 2021
Version 1.0
This script provides a library of every standard Pinescript array function for live testing with all supported array types.
You can find the full list of supported standard array functions below.
There are several libraries:
- Common String Functions Library
- Common Array Functions Library
- Standard Array Functions Library
Features:
- Supports all standard array functions (30+) with all possible array types* (* - except array.new* functions and label, line array types)
- Live Output for all/selected functions based on User Input. Test any function for possible errors you may encounter before using in script.
- Output filters: show errors, hide all excluded and show only allowed functions using a list of function names
- Console customization options: set custom text size, color, page length, line spacing
Notes:
- uses Pinescript v3 Compatibility Framework
- uses Common String Functions Library
- has to be a separate script to reduce the number of local scopes in Common Array Function Library, there's no way to merge these scripts into a single library.
- lets you live test all standard array functions for errors. If you see an error - change params in UI
- array types that are not supported by certain functions and producing a compilation error were disabled with "error" showing up as result
- if you see "Loop too long" error - hide/unhide or reattach the script
- doesn't use pagination, a single str contains all output
- for most array functions to work (except push), an array must be defined with at least 1 pre-existing dummy element 0.
- array.slice and array.fill require from_index < to_index otherwise error
- array.join only supports string arrays, and delimiter must be a const string, can't be var/input. Use join_any_array to join any array type into string. You can also use tostring() to join int, float arrays.
- array.sort only supports int, float arrays. Use sort_any_array from the Common Array Function Library to sort any array type.
- array.sort only sorts values, doesn't preserve indexes. Use sort_any_array from the Common Array Function Library to sort any array while preserving indexes.
- array.concat appends string arrays in reverse order, other array types are appended correctly
- array.covariance requires 2 int, float arrays of the same size
- tostring(flag) works only for internal bool vars, flag expression can't depend on any inputs of any type, use bool_to_str instead
- you can't create an if/function that returns var type value/array - compiler uses strict types and doesn't allow that
- however you can assign array of any type to another array of any type creating an arr pointer of invalid type that must be reassigned to a matching array type before used in any expression to prevent error
- source_array and create_any_array2 use this loophole to return an int_arr pointer of a var type array
- this works for all array types defined with/without var keyword. This doesn't work for string arrays defined with var keyword for some reason
- you can't do this with var type vars, this can be done only with var type arrays because they are pointers passed by reference, while vars are the actual values passed by value.
- wrapper functions solve the problem of returning var array types. This is the only way of doing it when the top level arr type is undefined.
- you can only pass a var type value/array param to a function if all functions inside support every type - otherwise error
- alternatively values of every type must be passed simultaneously and processed separately by corresponding if branches/functions supporting these particular types returning a common single result type
- get_var_types solves this problem by generating a list of dummy values of every possible type including the source type, allowing a single valid branch to execute without error
- examples of functions supporting all array types: array.size, array.get, array.push. Examples of functions with limited type support: array.sort, array.join, array.max, tostring
- unlike var params/global vars, you can modify array params and global arrays directly from inside functions using standard array functions, but you can't use := (it only works for local arrays)
- inside function always work with array.copy to prevent accidental array modification
- you can't compare arrays
- there's no na equivalent for arrays, na(arr) doesn't work
P.S. A wide array of skills calls for an even wider array of responsibilities
List of functions:
- array.avg(arr)
- array.clear(arr)
- array.concat(arr1, arr2)
- array.copy(arr)
- array.covariance(arr1, arr2)
- array.fill(arr, value, index_from, index_to)
- array.get(arr, index)
- array.includes(arr, value)
- array.indexof(arr, value)
- array.insert(arr, index, value)
- array.join(arr, delimiter)
- array.lastindexof(arr, value)
- array.max(arr)
- array.median(arr)
- array.min(arr)
- array.mode(arr)
- array.pop(arr)
- array.push(arr, value)
- array.range(arr)
- array.remove(arr, index)
- array.reverse(arr)
- array.set(arr, index, value)
- array.shift(arr)
- array.size(arr)
- array.slice(arr, index_from, index_to)
- array.sort(arr, order)
- array.standardize()
- array.stdev(arr)
- array.sum(arr)
- array.unshift(arr, value)
- array.variance(arr)
CSPDMost Advanced & Accurate CandleStick Pattern Detector
Looking All Over of All Markets for All Important Powerful Reversal | Corrective Patterns (25 type)
Filtering the Results with Optional Features like Oscillator, Bollinger Bands, Volume Confirmation, Prior and Following Candles Confirmation which are Fully Customizable.
With this you can detect:
Hammer | Shooting star
Inverted Hammer | Hanging
Long legged Doji | Dragonfly Doji | Gravestone Doji
Bullish tweezers | Bearish tweezers
Bullish inside bar | Bearish inside bar
Bullish three line strike | Bearish three line strike
Bullish engulfing | Bearish engulfing
Piercing line | Dark cloud cover
Bullish abandoned baby | Bearish abandoned baby
Morning star | Evening star
Three white soldiers | Three black crows
*Bullish kayo | *Bearish kayo
Features:
Prior and Following candles Confirmation
You can set prior and following candle as basic prerequisites for marking candles as pattern to make sure you are at the top or bottom of the trend.
Volume confirmation
You can active volume increasing confirmation for some of pattern with adjustable increase % relative to prior candle | candles.
Oscillator Confirmation
Active oscillator confirmation. Select your approved oscillator from list (Stochastic, RSI, StochRSI, MFI, StochMFI) then enter desired value for marking candles as bullish | bearish pattern.
Bollinger Bands Confirmation
Active BB confirmation. Configure your Bollinger Bands. Now only see the patterns which reached or crossed from Bands. Also you can enable BB clod to have your BB indicator at the same time.
Adjustable Flexibility and Precision
You can set tolerance% for Osc and BB Confirmation - each one separately - for more control.
Self-adaptability
The properties of markets change over time, for example the amplitude of fluctuations and the intensity of movements. The script is designed in such a way that you can examine the price history as a benchmark for changes in market properties to adopt determinants. Also you can control those manually.
Self-regulatory
The user has the ability to change input factors depending on their point of view.
Behind the pattern recognition algorithms, there are relationships and similarities in their appearance that cause them to be influenced by each other. Simultaneously with changing the determining factors of each pattern by you, script automatically adjusts other details in accordance with your changes.
Alerts
You can set for type of pattern or each one of pattern have been detected.
Fully Costumizable
All of these options can be change and adjust.
Note 1.
The patterns are based on extensive study of reference and famous sources and the experience of me and my friends in trading and analysis with price action methods.
Note 2.
Due to the Pine limitations in the number of outputs | plots for each script, our attempt has been made to select the best and most important patterns.
Note 3.
So far, many scripts have been written in this field, but our experience with all of them and even the build in version was not satisfactory, and this was the initial motivation for making the script.
We strive to improve progress and elimination of shortcomings and we will continue to make this better.
Note 4.
Through personal experience and based on the principles of market and candlestick psychology, we discovered a new type of pattern and named it as Kayo.
kayo is a two candle pattern which formed when:
1.We have a pivot point with prior candles as left bars and following candles as right bar. Pivot candle called as second candle.
2.In a bullish kayo, first candle must closed descending and second candle must closed as ascending. For bearish kayo vise versa.
3.In a bullish kayo, second candle's lower wick must be longer then upper wick.
4. A pattern marked as kayo when its conditions do not correspond to any of the other patterns(include the confirmation that user added), ie it has the last naming priority over the other patterns.
Note 5.
When you active confirmation options for patterns like hammer, engulf and etc which they conditions are like kayo in some extent, if they can't pass the confirmation steps, they can be marked as kayo pattern.
Note 6.
If you active volume confirmation for Three white soldiers | Three black crows, the confirmation get passed if the volume of forth or third candle increased as value as entered relative to volume EMA3 of 3 candles.
Note 7.
In a bullish pattern all highs of following candles MUST be higher than prior highs and all lows of following candles MUST be higher than prior lows. For bearish patterns vise versa.
This type of confirmation depends on High and Low NOT close!
Gift to price action lovers!
Support us with your like and comments. let us know your experience, points and idea to make this better together.
ProfitBee59 v6.0ProfitBee59 v6.0 for TradingView (pb6 ai) helps you do tedious works on your technical charts.
*It does CC59 counting and prints out a positive or negative number on each price bar.
*When the counting arrives at -9 or +9, it creates support and resistance ( SNR ) levels on the chart.
*It draws a pair of fast/slow average lines with pink/red colors for corresponding downtrend and yellow/green for uptrend.
*It shows a crossing point between fast/slow average line with a cream cross sign.
*It analyses and prints Up/Dn arrows base on each of these modes including time, price, average line turnings and crossing, above red/ below green (ARBG) candlesticks.
*It draws lines showing differences between price-fast average, price-slow average, and fast average-slow average.
*In addition, other auxiliary tools such as Max/Min finder used to find the candlesticks with local max/min prices or Gap finder used to locate discontinuity between candlesticks are also provided.
*For Forex trading, other intraday parameters are also available including the day opening level, high/low of previous days as well as intraday brown background marking overlapping sessions for Sydney-Tokyo, Tokyo-London and London-New York markets.
*Smart phone/tablet and PC notifications of events occurring in the chart can be sent to you by server-side alerts so that you don't have to stay in front of the screen all the time.
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How to install the script:
------------------------------
*Go to the bottom of this page and click on "Add to Favorite Scripts".
*Remove older version of the script by clicking on the "X" button behind the indicator line at the top left corner of the chart window.
*Open a new chart at and click on the "Indicators" tab.
*Click on the "Favorites" tab and choose "ProfitBee59 v6.0".
*Right click anywhere on the graph, choose "Color Theme", the select "Dark".
*Right click anywhere on the graph, choose "Settings".
*In "Symbol" tab, set "Precision" to 1/100 for stock price or 1/100000 for Forex and set "Time Zone" to your local time.
*In "Scales" tab, check "Symbol Name Label" and "Indicator Last Value Label".
*In "Events" tab, check "Show Dividends on Chart", "Show Splits on Chart" and "Show Earnings on Chart".
*At the bottom of settings window, click on "Template", "Save As...", then name this theme of graph setting for future call up such as "Stock pb6" or "Forex pb6".
*Click OK.
==========================================
ProfitBee59 v6.0 for TradingView (pb6 ai) is locked and protected.
Please ***do not*** ask for access in the comment section.
Use the link below to obtain access to this indicator.
==========================================
CryptoSignalScanner - Stochastic Trend IndicatorDESCRIPTION:
This script has been designed to provide the ideal buy and sell moment on the lower time frames.
• This scripts is based on the Stochastic RSI Indicator.
• When we are in an uptrend the background becomes green.
• When we are in a downtrend the background becomes red.
• It is also possibility to set the overbought and oversold range.
HOW TO USE:
• When the blue line (stochastic K) has crossed above the red line (stochastic D) in the oversold area then this is the ideal moment to get into a trade.
• When the blue line (stochastic K) has crossed below the red line (stochastic D) in the overbought area then this is the ideal moment to get out of a trade.
• Use this together with the CryptoSignalScanner - Advanced BUY/SELL indicator to get a stronger confirmation.
• Use the Fibonacci tool together with the Eliot Waves to help you to find the ideal buy or sell moment.
HOW TO GET ACCESS TO THE SCRIPT:
• Use the link below to subscribe to our indicators.
REMARKS:
• This advice is NOT financial advice.
• We do not provide personal investment advice and we are not a qualified licensed investment advisor.
• All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice.
• We will not and cannot be held liable for any actions you take as a result of anything you read here.
• We only provide this information to help you make a better decision.
• While the information provided is believed to be accurate, it may include errors or inaccuracies.
Good Luck,
The CryptoSignalScanner Team
CryptoSignalScanner - Double High/Low & Engulfing IndicatorDESCRIPTION:
This script has been designed to show the double high/low candle patterns and the Engulfing candles patterns.
• This scripts is based on RSI length.
• It displays a label when a Double High or Double Low candle pattern is detected.
• It displays a label when a Bullish Engulfing or Bearish Engulfing candle pattern is detected.
• It is also possibility to set a Double High/Low, Double High, Double Low, Bullish/Bearish Engulfing, Bullish Engulfing, or Bearish Engulfing alert.
HOW TO USE:
• When a Double High signal appears it means that we have probably or temporarily stopped the uptrend and could see a reversal. Most likely we will see a downtrend from here.
• When a Double Low signal appears it means that we have probably or temporarily stopped the downtrend and probably could see a reversal. Most likely we will see an uptrend from here.
• When a Bullish Engulfing candle appears it means that we probably made a reversal to the upside. Bullish Engulfing patterns are more likely to signal reversals when they are preceded by three or more red candlesticks.
• When a Bearish Engulfing candle appears it means that we probably made a reversal to the downside. Bearish Engulfing patterns are more likely to signal reversals when they are preceded by three or more green candlesticks.
• Wait for a clear reversal to buy or to sell. Use the Fibonacci tool together with the Eliot Waves to help you with this.
FEATURES:
• You can show/hide the labels based on RSI length and high/low input values.
• You can show/hide the labels based on the % candle match.
• You can show/hide the Double High/Low labels.
• You can show/hide the Bullish/Bearish Engulfing labels.
HOW TO GET ACCESS TO THE SCRIPT:
• Use the link below to subscribe to our indicators.
REMARKS:
• This advice is NOT financial advice.
• We do not provide personal investment advice and we are not a qualified licensed investment advisor.
• All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice.
• We will not and cannot be held liable for any actions you take as a result of anything you read here.
• We only provide this information to help you make a better decision.
• While the information provided is believed to be accurate, it may include errors or inaccuracies.
Good Luck,
The CryptoSignalScanner Team
MPI - Medic's Pulse Indicator v6MPI - Medic's Pulse Indicator has been formed over years and thousands of trades. Its completely customized for me, MedicWill. I have analyzed my best trading as well as the worst trades and compiled a system to keep my head clear and not get distracted by market swings. This started as v1 with my good friend OhHeyMatty working on his Bart indicator. I then customized the base and wrote the accompanying scripts which all work in conjunction. I believe the patterns and safety built in can help any traders psychologically to not get caught in market manipulation. But as anything else, I fear misuse will just reinforce bad ideas. Be careful.
As a 20 year paramedic I feel I have found the pulse of the market so I built the MPI around keeping me clear headed and in touch with the markets. Everything is termed in medical terminology because that's the world I come from. When I look at a trade-able chart and a patients EKG, I see many similarities and patterns. I believe the system will work on anything that is trad-able, but I have only personally tested on BTC/USD pairs and optimized for 2 hr setting. Do not confused being optimized for 2 hour as the only use-able time frame. All time frames under and over 2hr are important, but the 2hr is the official signaler if other time frames agree. Seeing the patterns and using them together is the key.
I did not know how to code, I did not know script. I know how to find the best of people (and indicators) and put them together to create something very powerful. I tweaked it for my needs and make it optimized for myself. Ive been doing that my whole life.
This lead me to trying to find coders who could write what Im doing, Ive yet to find a coder that can do it, especially on Pine which I guess is shit ;).
There is no hesitation releasing the indicator as I know without the Medic Pulse Strategy, you will be creating your own way. The tools are here, and they are free. Figure it out, I did. If not, come talk to me. Show me how you figured out the MPI pulse and please come share your success with me. Its what I'm here for and would make me very happy to see the success spread.
I have no interest in selling indicators. I'm here to help the community. I've dedicated my life to helping others and this is just another extension of my commitment. As a paramedic, my scope of help is restricted to the people that get in my ambulance. Here I have the ability to spread help on much bigger scale.
My hesitation is in releasing a powerful tool without explaining how to use it. This is the secret sauce. So although my scripts will be free, its based on the years of trading and using the MPI showed me if used correctly can be very amazing, but just as anything else in life, if not used properly the results will not be as expected.
I have never back tested it besides just manually because Ive yet to find a coder that can put into code what I am doing and looking at.
So I just did it myself. Its my very first indicator and I am so excited to see what the future brings. What I have noticed is there is a difference between traders and coders. Trading is more of an art form than a science. I've been painting this art my whole life and never realized it. Hanging out with OhHeyMatty helped me understand the mechanic behind what I was seeing.
My assumption will be the first mistake traders will make is not referencing multiple times frames and getting stuck in a view they they WANT to see. I urge caution about letting your bias influence your views.
The MPI works best when you are not in a trade, and dont care which way the market goes. As professionals we do not care which way the market moves, we just know exactly what we will do no matter what it does.
This is KEY. The MPI does not target exits because the MPI reads the market, it does not dictate the market. You can use the same common targets, MA's etc, that everyone uses. If unsure, use those as everyone targets them. Over time your trust in the MPI will grow.
The beauty of the MPI is it will not take you out of a winning trade and NEVER caps gains. You position sizing and management will be key to your success. This is a big key. We ride the waves for as long as they let us, but we know when to jump off and catch the next wave.
We are wavenostic.
I like the idea of releasing the script for people and letting them create their own vision with it. I have no doubt there is someone out there that will see things differently and even might find a better way to use the MPI than I have found. This is very exciting.
If you find any benefits from the MPI and create your trading using it, please contact me and let me know!
Im so curious, and I know with all the powerful minds in this space, there is plenty of room for growth.
I dont need to talk about my gains or percentages. Working amazing for me does NOT mean it will or you.
But remember, that does NOT mean you CANT do way better than me. Its up to you. Do it.
Indicators designed to work together:
Medic's Pulse Indicator - Indicator v6 (MPI-v6)
Medic's Pulse Indicator - Pulse v6 (MPI-v6)
Medic's Pulse Indicator - RS (MPI-RS)
Medic's Pulse Indicator - WaveTrend (MPI-WaveTrend)
A very special and heart felt thanks goes out to my good friend and part of the fam, OhHeyMatty.
Matty shares my love for others and desire to spread as much good as possible. We know one of the ways we are strongest is helping people interpret markets. So please enjoy and best wishes!
And a heartfelt thanks goes to rapper and inspiration, Nipsey Hustle.
if you think that is just rap, I encourage you to listen to the words. Nipsey will always be someone special that inspires me on the deepest level. Same with 2Pac, Biggie and all the true OG's. Listen to the words before you tell me its just rap. You might be surprised, to the level of being overwhelmed with inspiration. Or you might just think its some thugs singing about money. The choice is yours.
Everything is what you make it. You decide. The world is what you make it. Make is amazing. Cheers!
MIDAS VWAP Jayy his is just a bash together of two MIDAS VWAP scripts particularly AkifTokuz and drshoe.
I added the ability to show more MIDAS curves from the same script.
The algorithm primarily uses the "n" number but the date can be used for the 8th VWAP
I have not converted the script to version 3.
To find bar number go into "Chart Properties" select " "background" then select Indicator Titles and "Indicator values". When you place your cursor over a bar the first number you see adjacent to the script title is the bar number. Put that in the dialogue box midline is MIDAS VWAP . The resistance is a MIDAS VWAP using bar highs. The resistance is MIDAS VWAP using bar lows.
In most case using N will suffice. However, if you are flipping around charts inputting a specific date can be handy. In this way, you can compare the same point in time across multiple instruments eg first trading day of the year or an election date.
Adding dates into the dialogue box is a bit cumbersome so in this version, it is enabled for only one curve. I have called it VWAP and it follows the typical VWAP algorithm. (Does that make a difference? Read below re my opinion on the Difference between MIDAS VWAP and VWAP ).
I have added the ability to start from the bottom or top of the initiating bar.
In theory in a probable uptrend pick a low of a bar for a low pivot and start the MIDAS VWAP there using the support.
For a downtrend use the high pivot bar and select resistance. The way to see is to play with these values.
Difference between MIDAS VWAP and the regular VWAP
MIDAS itself as described by Levine uses a time anchored On-Balance Volume (OBV) plotted on a graph where the horizontal (abscissa) arm of the graph is cumulative volume not time. He called his VWAP curves Support/Resistance VWAP or S/R curves. These S/R curves are often referred to as "MIDAS curves".
These are the main components of the MIDAS chart. A third algorithm called the Top-Bottom Finder was also described. (Separate script).
Additional tools have been described in "MIDAS_Technical_Analysis"
Midas Technical Analysis: A VWAP Approach to Trading and Investing in Today’s Markets by Andrew Coles, David G. Hawkins
Copyright © 2011 by Andrew Coles and David G. Hawkins.
Denoting the different way in which Levine approached the calculation.
The difference between "MIDAS" VWAP and VWAP is, in my opinion, much ado about nothing. The algorithms generate identical curves albeit the MIDAS algorithm launches the curve one bar later than the VWAP algorithm which can be a pain in the neck. All of the algorithms that I looked at on Tradingview step back one bar in time to initiate the MIDAS curve. As such the plotted curves are identical to traditional VWAP assuming the initiation is from the candle/bar midpoint.
How did Levine intend the curves to be drawn?
On a reversal, he suggested the initiation of the Support and Resistance VVWAP (S/R curve) to be started after a reversal.
It is clear in his examples this happens occasionally but in many cases he initiates the so-called MIDAS S/R VWAP right at the reversal point. In any case, the algorithm is problematic if you wish to start a curve on the first bar of an IPO .
You will get nothing. That is a pain. Also in Levine's writings, he describes simply clicking on the point where a
S/R VWAP is to be drawn from. As such, the generally accepted method of initiating the curve at N-1 is a practical and sensible method. The only issue is that you cannot draw the curve from the first bar on any security, as mentioned without resorting to the typical VWAP algorithm. There is another difference. VWAP is launched from the middle of the bar (as per AlphaTrends), You can also launch from the top of the bar or the bottom (or anywhere for that matter). The calculation proceeds using the top or bottom for each new bar.
The potential applications are discussed in the MIDAS Technical Analysis book.
Integrated Market Analysis IndicatorThe Integrated Market Analysis Indicator is designed to provide traders with a macro perspective on market conditions, focusing on the S&P 500 (SPX) and market volatility (VIX), to assist in swing trading decisions. This script integrates various technical indicators and market health metrics to generate scores that help in assessing the overall market trend, potential breakout opportunities, and mean reversion scenarios. It is tailored for traders who wish to align their individual stock or index trades with broader market movements.
Functionality:
Trend Analysis: The script analyzes the trend of the S&P 500 using moving averages (5-day SMA, 10-day EMA, 20-day EMA) to determine whether the market is in an uptrend, downtrend, or neutral state. This provides a foundation for understanding the general market direction.
Volatility Assessment: It uses the VIX to gauge market volatility, which is crucial for risk management. The script calculates thresholds based on the 20-day SMA of the VIX to categorize the market volatility into low, medium, or high.
Market Breadth: The advance/decline ratio (A/D ratio) from the USI:ADVQ and USI:DECLQ indices gives an indication of market participation, helping to understand if the market movement is broad-based or led by a few stocks.
Scoring System: Three scores are calculated:
Trend Score: Evaluates the market trend in conjunction with volume, market breadth, and VIX to assign a grade from 'A' to 'D'.
Breakout Score: Assesses potential breakout conditions by looking at price action relative to dynamic support/resistance levels, short-term momentum, and volume.
Mean Reversion Score: Identifies conditions where mean reversion might occur, based on price movement, volume, and high VIX levels, indicating potential overbought or oversold conditions.
Risk Management: Position sizing recommendations are provided based on VIX levels and the calculated scores, aiming to adjust exposure according to market conditions.
How to Use the Script:
Application: Apply this indicator on any stock or index chart in TradingView. Since it uses data from SPX and VIX, the scores will reflect the macro environment regardless of the underlying chart.
Interpreting Scores:
Trend Score: Use this to gauge the overall market direction. An 'A' score might suggest a strong uptrend, making it a good time for bullish trades, while a 'D' could indicate a bearish environment.
Breakout Score: Look for 'A' scores when considering trades that aim to capitalize on breakouts. A 'B' might suggest a less certain breakout, requiring more caution.
Mean Reversion Score: A 'B' or 'A' here might be a signal to look for trades where you expect the price to revert to the mean after an extreme move.
Risk Management: Use the suggested position sizes ('Normal Size', '1/3 Size', '1/4 Size', '1/10 Size') to manage your risk exposure. Higher VIX levels or lower scores suggest reducing position sizes to mitigate risk.
Visual Cues: The script plots various SMAs, EMAs, and dynamic support/resistance levels, providing visual indicators of where the market might find support or resistance, aiding in entry and exit decisions.
How NOT to Use the Script:
Not for Intraday Trading: This indicator is designed for swing trading, focusing on daily or longer timeframes. Using it for intraday trading might not provide the intended insights due to its macro focus.
Avoid Over-reliance: While the script provides valuable insights, do not rely solely on it for trading decisions. Always consider additional analysis, news, and fundamental data.
Do Not Ignore Individual Stock Analysis: Although the script gives a macro view, individual stock analysis is crucial. The macro conditions might suggest a trend, but stock-specific factors could contradict this.
Not for High-Frequency Trading: The script's logic and the data it uses are not optimized for high-frequency trading strategies where microsecond decisions are made.
Misinterpretation of Scores: Do not misinterpret the scores as absolute signals. They are guidelines that should be part of a broader trading strategy.
Logic Explanation:
Moving Averages: The script uses different types of moving averages to smooth out price data, providing a clearer view of the trend over short to medium-term periods.
ATR for Volatility: The Average True Range (ATR) is used to calculate dynamic support and resistance levels, giving a sense of how much price movement can be expected, which helps in setting realistic expectations for price action.
VIX for Risk: By comparing current VIX levels to its 20-day SMA, the script assesses market fear or complacency, adjusting risk exposure accordingly.
Market Breadth: The A/D ratio helps to understand if the market movement is supported by a broad base of stocks or if it's narrow, which can influence the reliability of the trend.
This indicator should be used as part of a comprehensive trading strategy, providing a macro overlay to your trading decisions, ensuring you're not fighting against the broader market trends or volatility conditions. Remember, while it can guide your trading, always integrate it with other forms of analysis for a well-rounded approach.
Forex Heatmap█ OVERVIEW
This indicator creates a dynamic grid display of currency pair cross rates (exchange rates) and percentage changes, emulating the Cross Rates and Heat Map widgets available on our Forex page. It provides a view of realtime exchange rates for all possible pairs derived from a user-specified list of currencies, allowing users to monitor the relative performance of several currencies directly on a TradingView chart.
█ CONCEPTS
Foreign exchange
The Foreign Exchange (Forex/FX) market is the largest, most liquid financial market globally, with an average daily trading volume of over 5 trillion USD. Open 24 hours a day, five days a week, it operates through a decentralized network of financial hubs in various major cities worldwide. In this market, participants trade currencies in pairs , where the listed price of a currency pair represents the exchange rate from a given base currency to a specific quote currency . For example, the "EURUSD" pair's price represents the amount of USD (quote currency) that equals one unit of EUR (base currency). Globally, the most traded currencies include the U.S. dollar (USD), Euro (EUR), Japanese yen (JPY), British pound (GBP), and Australian dollar (AUD), with USD involved in over 87% of all trades.
Understanding the Forex market is essential for traders and investors, even those who do not trade currency pairs directly, because exchange rates profoundly affect global markets. For instance, fluctuations in the value of USD can impact the demand for U.S. exports or the earnings of companies that handle multinational transactions, either of which can affect the prices of stocks, indices, and commodities. Additionally, since many factors influence exchange rates, including economic policies and interest rate changes, analyzing the exchange rates across currencies can provide insight into global economic health.
█ FEATURES
Requesting a list of currencies
This indicator requests data for every valid currency pair combination from the list of currencies defined by the "Currency list" input in the "Settings/Inputs" tab. The list can contain up to six unique currency codes separated by commas, resulting in a maximum of 30 requested currency pairs.
For example, if the specified "Currency list" input is "CAD, USD, EUR", the indicator requests and displays relevant data for six currency pair combinations: "CADUSD", "USDCAD", "CADEUR", "EURCAD", "USDEUR", "EURUSD". See the "Grid display" section below to understand how the script organizes the requested information.
Each item in the comma-separated list must represent a valid currency code. If the "Currency list" input contains an invalid currency code, the corresponding cells for that currency in the "Cross rates" or "Heat map" grid show "NaN" values. If the list contains empty items, e.g., "CAD, ,EUR, ", the indicator ignores them in its data requests and calculations.
NOTE: Some uncommon currency pair combinations might not have data feeds available. If no available symbols provide the exchange rates between two specified currencies, the corresponding table cells show "NaN" results.
Realtime data
The indicator retrieves realtime market prices, daily price changes, and minimum tick sizes for all the currency pairs derived from the "Currency list" input. It updates the retrieved information shown in its grid display after new ticks become available to reflect the latest known values.
NOTE: Pine scripts execute on realtime bars only when new ticks are available in the chart's data feed. If no new updates are available from the chart's realtime feed, it may cause a delay in the data the indicator receives.
Grid display
This indicator displays the requested data for each currency pair in a table with cells organized as a grid. Each row name corresponds to a pair's base currency , and each column name corresponds to a quote currency . The cell at the intersection of a specific row and column shows the value requested from the corresponding currency pair.
For example, the cell at the intersection of a "EUR" row and "USD" column shows the data retrieved for the "EURUSD" currency pair, and the cell at the "USD" row and "EUR" column shows data for the inverse pair ("USDEUR").
Note that the main diagonal cells in the table, where rows and columns with the same names intersect, are blank. The exchange rate from one currency to itself is always 1, and no Forex symbols such as "EUREUR" exist.
The dropdown input at the top of the "Settings/Inputs" tab determines the type of information displayed in the table. Two options are available: "Cross rates" and "Heat map" . Both modes color their cells for light and dark themes separately based on the inputs in the "Colors" section.
Cross rates
When a user selects the "Cross rates" display mode, the table's cells show the latest available exchange rate for each currency pair, emulating the behavior of the Cross Rates widget. Each cell's value represents the amount of the quote currency (column name) that equals one unit of the base currency (row name). This display allows users to compare cross rates across currency pairs, and their inverses.
The background color of each cell changes based on the most recent update to the exchange rate, allowing users to monitor the direction of short-term fluctuations as they occur. By default, the background turns green (positive cell color) when the cross rate increases from the last recorded update and red (negative cell color) when the rate decreases. The cell's color reverts to the chart's background color after no new updates are available for 200 milliseconds.
Heat map
When a user selects the "Heat map" display mode, the table's cells show the latest daily percentage change of each currency pair, emulating the behavior of the Heat Map widget.
In this mode, the background color of each cell depends on the corresponding currency pair's daily performance. Heat maps typically use colors that vary in intensity based on the calculated values. This indicator uses the following color coding by default:
• Green (Positive cell color): Percentage change > +0.1%
• No color: Percentage change between 0.0% and +0.1%
• Bright red (Negative cell color): Percentage change < -0.1%
• Lighter/darker red (Minor negative cell color): Percentage change between 0.0% and -0.1%
█ FOR Pine Script™ CODERS
• This script utilizes dynamic requests to iteratively fetch information from multiple contexts using a single request.security() instance in the code. Previously, `request.*()` functions were not allowed within the local scopes of loops or conditional structures, and most `request.*()` function parameters, excluding `expression`, required arguments of a simple or weaker qualified type. The new `dynamic_requests` parameter in script declaration statements enables more flexibility in how scripts can use `request.*()` calls. When its value is `true`, all `request.*()` functions can accept series arguments for the parameters that define their requested contexts, and `request.*()` functions can execute within local scopes. See the Dynamic requests section of the Pine Script™ User Manual to learn more.
• Scripts can execute up to 40 unique `request.*()` function calls. A `request.*()` call is unique only if the script does not already call the same function with the same arguments. See this section of the User Manual's Limitations page for more information.
• Typically, when requesting higher-timeframe data with request.security() using barmerge.lookahead_on as the `lookahead` argument, the `expression` argument should use the history-referencing operator to offset the series, preventing lookahead bias on historical bars. However, the request.security() call in this script uses barmerge.lookahead_on without offsetting the `expression` because the script only displays results for the latest historical bar and all realtime bars, where there is no future information to leak into the past. Instead, using this call on those bars ensures each request fetches the most recent data available from each context.
• The request.security() instance in this script includes a `calc_bars_count` argument to specify that each request retrieves only a minimal number of bars from the end of each symbol's historical data feed. The script does not need to request all the historical data for each symbol because it only shows results on the last chart bar that do not depend on the entire time series. In this case, reducing the retrieved bars in each request helps minimize resource usage without impacting the calculated results.
Look first. Then leap.
Liquidity_Detection_Fx_Shepherd [ALLDYN]### Breakdown of the Basic "Fx_Shepherd_Liquidity" Script
#### 1. **Purpose of the Script:**
This basic version of the "Fx_Shepherd_Liquidity" script is designed to help traders detect potential liquidity grabs by analyzing price movements and candle patterns in the market. It works by identifying large price deviations and compares multiple candles to detect liquidity sweeps either to the upside or downside.
#### 2. **How it Works:**
- **User Inputs:**
- `Maru_rate`: This is a user-defined percentage that helps determine how much the price movement of a candle needs to deviate from the candle's range (high - low) to be considered a liquidity grab.
- `Compare`: Another percentage input used to compare the relative size of three candles versus one candle.
- `MA`: This represents the "Big candle period," or the moving average period for big candles.
- `urgent_rate`: This is used to determine urgency by comparing the current candle's range to an SMA of previous candles.
- **Key Calculation Steps:**
- **Candle Deviation (Up and Down):**
- `Up` measures how much the current candle closes above its open (bullish deviation).
- `Down` measures how much the current candle closes below its open (bearish deviation).
- **Average Deviations:**
- `UP_Sum` and `Do_Sum` calculate the SMA of Up and Down deviations, respectively, over the defined period (MA). These averages help detect when a candle deviates significantly from the norm.
- **Urgency Detection:**
- `Check_Up_Urgent` and `Check_Dow_Urgent` are conditions that check if the current candle’s high-low range exceeds the defined urgent rate. This signals whether the price movement is "urgent" or significant.
- **Liquidity Detection:**
- **For Upward Liquidity:**
- The script checks if the candle is bullish (`close > open`) and whether the price deviation (`close - open`) meets or exceeds the user-defined `Maru_rate`.
- The script then compares the size of the previous three candles (`high - low`) with a single candle (`Compare`) to confirm a liquidity grab.
- Finally, it looks for continuous upward candle patterns to confirm the strength of the move.
- **For Downward Liquidity:**
- Similar logic applies, but for bearish candles. It checks whether the candle is bearish (`close < open`) and applies the same size comparisons to detect downward liquidity grabs.
- **Candle Highlighting:**
- If the conditions for a liquidity grab are met (both urgency and size), the script changes the bar color to green for upward liquidity and yellow for downward liquidity. These colored bars visually highlight the candles that meet the liquidity grab conditions.
- The script also colors up to three consecutive candles if they meet the liquidity grab conditions (offset = -1, -2).
#### 3. **Benefits of Using This Script:**
- **Liquidity Grab Detection:**
This script helps detect potential liquidity grabs, which occur when large players in the market push the price in a direction to trigger stop-losses or lure retail traders into a position before reversing the price direction. By detecting these movements, traders can avoid being trapped and potentially take advantage of the upcoming reversal.
- **Simple & Lightweight:**
The script uses basic inputs and calculations to detect liquidity grabs, making it easy to use and understand. It's less complex than the advanced version, which makes it suitable for traders who prefer simplicity or are new to liquidity grab detection.
- **Visual Clarity:**
The script uses color changes (green for upward grabs and yellow for downward grabs) to help traders easily spot potential liquidity grab areas on the chart. These visual cues make it more straightforward to interpret.
#### 4. **When to Use This Basic Version:**
- **Quick Liquidity Detection:** This script is ideal for traders who need a quick way to detect potential liquidity grabs without the complexity of managing dynamic parameters or volume confirmation.
- **Simplified Trading Strategies:** If your trading strategy doesn’t rely heavily on volume or multi-timeframe liquidity grab adjustments, this script can work well for basic setups where price action is the primary indicator.
- **Faster Execution:** Since this version doesn’t require dynamic adjustments or volume confirmation, it executes faster, making it suitable for traders who need lightweight tools to stay on top of fast-moving markets.
### Conclusion:
The basic version of the **Fx_Shepherd_Liquidity** script offers a simplified tool for detecting potential liquidity grabs. Its straightforward design, adjustable Maru rate, and visual bar color changes make it easy to integrate into any trading strategy focused on price action. While it lacks the advanced features of the premium version, it serves as a solid, lightweight solution for traders who prefer simplicity over complexity.
