Distance Oscillator - Support and Resistance by DGT
Prices high above the Moving Average (MA) or low below it are likely to be remedied in the future by a reverse price movement as stated in the article by Denis Alajbeg, Zoran Bubas and Dina Vasic published in International Journal of Economics, Commerce and Management
This study is the third variant that aims to present this idea, and the output of the study is presented as lines that serve as possible support and resistance levels in the future.
1st variant of the idea is presented as an centered oscillator, link to Price Distance to its MA Study , within its description you may find more about the idea and some statistical observations. Also some derivatives with MACD-X, More Than MACD and P-MACD
2nd variant of the idea are presented as colored triangle line (Volatility Colored Price/MA Line), using the same calculation methods and presented in the bottom of price chart.
Link to studies where it is included : Colored Directional Movement and Bollinger Band's Cloud , SuperTrendRange and Pivot Points vX
3rd variant (this study) as stated earlier aims to present the same idea as support and resistance levels.
Options
The users can adjust source and length of the moving average that is used as base for the distance oscillator
Signal triggering options includes length for the deviation bands, multiplier as well as smoothing of the oscillator
Line customization settings
Additionally an alert can be configured to be warned earlier to watch out for probable pullbacks or reversals
Technical details for whom interested
Calculating the price distance to the MA results in a centered oscillator lets call it Distance Oscillator (quite similar to the RSI), as shown in the blow chart
Unlike RSI, oscillations with the distance oscillator are not limited within a specific range, hence identifying overbought and oversold is not as straight forward as it is with RSI. To determine overbought and oversold levels, standard deviation of distance oscillator is calculated and bands generated with the same approach applied with Bollinger Bands.
Once we have the threshold bands then crossing those bands we may assume as important levels and draw a line, if oscillator values keeps above the threshold bands (deviation bands) the logic behind the code will update the line drawing accordingly.
To reduce noise a smoothing can be applied
Alerts :
Please note that the implementation applied here can be applied to any oscillator such as RSI, Stochastic, MFI etc even Volume (if bear candle volumes are multiplied by -1)
Disclaimer :
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Cari dalam skrip untuk "the script"
Moving Stop-Loss mechanism + alerts to MT4/MT5"How to code moving stop-loss mechanism", is one of the most often repeating questions in private messages I receive, so just to focus on this mechanism, I made a spin-off from my previous script: TradingView-Alerts-to-MT4-MT5-dynamic-variables-NON-REPAINTING .
The logic here moves the stop-loss each time a trade is running and a new pivot high/low is detected. When such event occurs (UpdateLongStopLoss or UpdateShortStopLoss), stoploss_long or stoploss_short mutable variable is modified. And it needs to be coded inside strategy.exit() line as "stop=stoploss_long" or "stop=stoploss_short". Entries are pretty straightforward - on Stoch crosses.
Last lines of the script show how to wrap information about such updates and send send alerts to MetaTrader via TradingConnector for execution in Forex/indices/commodities/crypto markets via MetaTrader. Please note that "tradeid=" variable must be passed with each alert, to let MetaTrader know which trade to modify. SLMOD, TPMOD are recently added commands, along with BE (as in "move stop-loss to breakeven" - but that's another topic).
Please disregard strategy backtest results, as this script is for coding education purposes only. However, it seems with the stop-loss mechanism enabled, the results are even better, than in original version of the script :)
BULLSEYE BORDERS (Combined Price Action Follower)Developed for Crypto Currency Market! Use for 15 minutes period or more! Under 15 minutes, results are unpredictible.
This script had been orginized with Donchian Lines based on support and resistance levels.
Rules:
If the price is under top line, you will be ready for short position, and over the bottom line, long position.
When the price passes the red and green area you can take action and enter the trade!
Orange area refers the squeezed or floating position, so you can either stop or wait for price action!
If you see boring candles frequently, check out the last high and low levels.
If the price close to the last high, take long position. If not, short position.
Use ALMA , if you want to put and alert on script. It is identical to price line.
Thanks to @millerrh for 'Breakout Trend Follower'. Just used the last low and high features to complete the script. Combined with 'Boring Candles' from ©Prasad Raut, Modified on 20190811 (Updated to %30 full candle)
Trend Tip: You can use the script with Linear Channel so you can also see the trend. (not always)
Color Gradient Framework [PineCoders]█ OVERVIEW
This indicator shows how you can use the new color functions in Pine to generate color gradients. We provide functions that will help Pine coders generate gradients for multiple use cases using base colors for bull and bear states.
█ CONCEPTS
For coders interested in maximizing the use of color in their scripts, TradingView has added new color functions and new functionality to existing functions. For us coders, this translates in the ability to generate colors on the fly and use dynamic colors ("series color") in more places.
New functions allow us to:
• Generate colors dynamically from calculated RGBA components ("A" is the Alpha channel, known to Pine coders as the "transparency"). See color.rgb() .
• Extract RGBA components from existing colors. See color.r() , color.g() , color.b() and color.t() .
• Generate linear gradients between two colors. See color.from_gradient() .
Improvements to existing color/plotting functions allow more flexible use of color:
• plotcandle() now accepts a "series color" argument for its `wickcolor` and `bordercolor` parameters.
• plotarrow() now accepts a "series color" argument for its `colorup` and `colordown` parameters.
Gradients are not only useful to make script visuals prettier; they can be used to pack more information in your displays. Our gradient #4 goes overboard with the concept by using a different gradient for the source line, its fill, and the background.
█ OUR SCRIPT
The script presents four functions to generate gradients:
f_c_gradientRelative(_source, _min, _max, _c_bear, _c_bull)
f_c_gradientRelativePro(_source, _min, _max, _c_bearWeak, _c_bearStrong, _c_bullWeak, _c_bullStrong)
f_c_gradientAdvDec(_source, _center, _c_bear, _c_bull)
f_c_gradientAdvDecPro(_source, _center, _steps, _c_bearWeak, _c_bearStrong, _c_bullWeak, _c_bullStrong)
The relative gradient functions are useful to generate gradients on a source that oscillates between known upper/lower limits. They use the relative position of the source between the `_min` and `_max` levels to generate the color. A centerline is derived from the `_min` and `_max` levels. The source's position above/below that centerline determines if the bull/bear color is used, and the relative position of the source between the centerline and the max/min level determines the gradient of the bull/bear color.
The advance/decline gradient functions are useful to generate gradients on a source for which min/max levels are unknown. These functions use source advances and declines to determine a gradient level. The `f_c_gradientAdvDec()` version uses the historical maximum of advances/declines to determine how many correspond to the strongest bull/bear colors, making its gradients adaptive. The `f_c_gradientAdvDecPro()` version requires the explicit number of advances/declines that correspond to the strongest bull/bear colors. This is useful when coloring chart bars, for example, where too many gradient levels are difficult to distinguish. Using the Pro version of the function allows you to limit the number of gradient levels to 5, for example, so that transitions are fewer, but more obvious. The `_center` parameter of the advance/decline functions allows them to determine which of the bull/bear colors to use.
Note that the custom `f_colorNew(_color, _transp)` function we use in our script should soon no longer be necessary, as changes are under way to allow color.new() to accept series arguments.
Inputs
The script's inputs demonstrate one way you can allow users to choose base bull/bear colors. Because users can modify any of the colors, only two are technically needed: one for bull, one for bear, as we do for the configuration of the bull/bear colors for the background in the gradient #4 configuration. Providing a few presets from which users can choose can be useful for color-challenged script users, but that type of inputs has the disadvantage of not rendering optimally in all OS/Browser environments.
You can use the inputs to select one of eight gradient demonstrations to display.
█ THANKS
Thanks to the PineCoders team for validating the code and description of this publication.
Thanks also to the many TradingView devs from multiple teams who made these improvements to Pine colors possible.
Look first. Then leap.
Raff Regression Channel by DGTRᴀꜰꜰ Rᴇɢʀᴇꜱꜱɪᴏɴ Cʜᴀɴɴᴇʟ (RRC)
This study aims to automate Raff Regression Channel drawing either based on ZigZag Indicator or optionally User Preference
The Raff Regression Channel , developed by Gilbert Raff, is based on a linear regression, which is the least-squares line-of-best-fit for a price series, with evenly spaced trend lines above and below . The width of the channel is set by determining the high or low that is the furthest from the linear regression.
Because the channel distance is based off the largest pullback or highest peak within a trend, for effectively drawing and using a Raff Regression Channel it is recommend/required that a Raff Regression Channel is applied to “mature” trends. Knowing this requirement, for better automated drawing results this study benefits from the Zig Zag Indicator, where the Zig Zag indicator is used to help identify price trends and changes in price trends. Option to manually adjust lengths for drawing a Raff Regression Channel is also made available.
Using a Raff Regression Channel
Once The Raff Regression Channel is drawn, covering an existing trend, Exᴛᴇɴꜱɪᴏɴ Lɪɴᴇꜱ are drawn to identify ᴛʜᴇ ꜱᴜᴘᴘᴏʀᴛ﹐ʀᴇꜱɪꜱᴛᴀɴᴄᴇ ᴏʀ ʀᴇᴠᴇʀꜱᴀʟ ᴘᴏɪɴᴛꜱ
The trend is up as long as prices rise within this channel. An uptrend may be reversing (not always, but likely) when price breaks below the channel extension . The trend is down as long as prices decline within the channel. Similarly, a downtrend may be reversing (not always, but likely) when price breaks above the channel extension . Moves outside the channel extensions can be indication of a reversal or can denote overbought or oversold conditions
For further details please refer to education post Raff Regression Channel
█ FEATURES
- AUTO or MANUALLY adjusted Raff Regression Channel and Channel Extentions drawing
- ALERTs, for Linear Regression Line, Raff Regression Upper and Lower Channel Extentions
- LSMA , Least Squares Moving Average, in other words Linear Regression Curve
█ SETTINGS
Setting Loopback and Number of Bars are the most important part for The Raff Regression Channel, where ;
- Lookback, defines where the Raff Regression Channel is starting, it is recommended to set to a trend begining
- Number of Bars, defines how many bars to be assumed for calculation, or simply stated the end of the Raff Regression Channel drawing (not extentions but the main channel, extentions by default will be drawn till the last bar)
Setting of Loopback and Number of Bars is performed eigher automatically based on Zig Zag indicator or users may prefer to set them manually. If selected automatically then
- Deviation and Depth values of Zig Zag indicator are used for calculations (enabling visually plotting of ZigZag Lines will help to identify better visually the points), where ;
Deviation, is a multiplier that affects how much the price should deviate from the previous pivot in order for the bar to become a new pivot.
Depth, affects the minimum number of bars that will be taken into account when building
Short-term traders may wish to apply the channel to small waves of a trend so they can reduce the value of the Deviation and Depth
█ OTHER CHANNEL CONSEPTS
Linear Regression Channels, , what linear regression channels are? and linear regression channel/curve/slope study
Fibonacci Channels, how to apply fibonacci channels and automated fibonacci channels study
Andrews’ Pitchfork, how to apply pitchfork and automated pitchfork study
Special Thanks to @Kiss66000 for his kind suggestion, je vous remercie beaucoup @Kiss66000
Disclaimer :
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Auto PitchFan, Fib Extension/Retracement and ZigZag by DGT Aᴜᴛᴏ PɪᴛᴄʜFᴀɴ, Fɪʙ Exᴛᴇɴꜱɪᴏɴ/Rᴇᴛʀᴀᴄᴇᴍᴇɴᴛ ᴀɴᴅ ZɪɢZᴀɢ
This study aim to automate PitchFan drawing tool and combines it with Fibonacci Extentions/Retracements and ZigZag.
Common setting options, applied to all components of the study
Deviation , is a multiplier that affects how much the price should deviate from the previous pivot in order for the bar to become a new pivot. Increasing its value is one way to get higher timeframe Levels
Depth , affects the minimum number of bars that will be taken into account when building
Historical PitchFan / Fibonacci Levels option will allow plotting of PitchFan / Fibonacci Levels on previous Pivot Highs/Lows
█ PɪᴛᴄʜFᴀɴ — is a set of rays spreading out of the point of a trend's beginning. These rays inclined with the coefficients formed by a Fibonacci number sequence. It is recommended to adjust the Pitchfan plottings to fit after the first wave of the trend has passed and the correction has clearly begun.
PitchFan rays corresponding to Fibonacci levels appear on a chart and represent inclined lines of support and resistance. Price areas near these rays are estimated areas from which the price can turn around or make a significant rebound. The whole logic of working with a pitchfan is based on one simple idea - if the price has bounced off the level, then the correction is likely to end, and the trend will continue. If the price has broken the first resistance, you should wait for the next level test
- Automatically plots PitchFan Rays, based on Pivot Lows/Highs.
- Ability to set ALERTs for each PitchFan Ray Level
- PitchFan Labels displays the price of the line at the last bar, the price value will be recalculated in each new bar
Please check the link provided below with the educational post of how to apply pitchfork, application of pitchfan is same keeping in mind the recommendation stated above
█ Fɪʙ Rᴇᴛʀᴀᴄᴇᴍᴇɴᴛs / Exᴛᴇɴꜱɪᴏɴꜱ
Fibonacci retracements is a popular instrument used by technical analysts to determine support and resistance areas. In technical analysis, this tool is created by taking two extreme points (usually a peak and a trough) on the chart and dividing the vertical distance by the key Fibonacci coefficients equal to 23.6%, 38.2%, 50%, 61.8%, and 100%.
Fibonacci extensions are a tool that traders can use to establish profit targets or estimate how far a price may travel AFTER a retracement/pullback is finished. Extension levels are also possible areas where the price may reverse.
IMPORTANT NOTE: Fibonacci extensions option may require to do further adjustment of the study parameters for proper usage. Extensions are aimed to be used when a trend is present and they aim to measure how far a price may travel AFTER a retracement/pullback. I will strongly suggest users of this study to check the education post for further details where to use extensions and where to use retracements
- Automatically plots possible Support and Resistance levels, based on Pivot Lows/Highs.
- Ability to set ALERTs for each Fibonacci Extension/Retracement Level
- Labels displays the level and the level price
█ Zɪɢ Zᴀɢ — The Zig Zag indicator is used to help identify price trends and changes in price trends. The Zig Zag indicator plots points on a chart whenever prices reverse by a percentage greater than a Deviation variable. Straight lines are then drawn, connecting these points. The Zig Zag indicator serves base for PitchFan and Fibonacci Retracements / Extensions
█ OTHER
PitchFan is often used in combination with the other indicators and/or drawing tools such as Fibonacci Retracement, Fibonacci Channels, Fibonacci Time Zone and others. It allows identify the most powerful areas from which price can turn and to get more accurate trading signal
Andrews’ Pitchfork, how to apply pitchfork and automated pitchfork study
Fibonacci Fans, how to apply fibonacci fans and automated fibonacci speed and resistance fans study
Fibonacci Extension / Retracement, where to use extensions and where to use retracements and automated fibonacci extension / retracement / pivot points study
Others
Fibonacci Channels, how to apply fibonacci channels and automated fibonacci channels study
Linear Regression Channels, , what linear regression channels are? and linear regression channel/curve/slope study
Disclaimer :
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
V2_Major_Trend_FinderThis script is a major trend following script. The calculations use Keltner Channels, moving averages and RSI.
The indicator is simple to follow:
Green Candlesticks indicate more bullish momentum expected
Red Candlesticks indicate more bearish momentum expected
blue dots are possible long ideas due to RSI oversold
Orange dots are possible short ideas due to RSI overbought
olive line is a one year moving average
The script is open for those looking for deeper understanding of the script.
Many Regards
Sulaiman
Market Structure (Nephew_Sam_)This indicator consists of 3 features:
1. Plots label to the right for current market structure
2. Plots dashed line to show where the next market structure would be
3. Draws arrows above/below historical market structure breaks
This might get a little to noisy in ranging markets or lower timeframes but it does the job.
Credits to @SimpleCryptoLife for the source code.
This script is take from the indicator "True Market Structure" which is created by the above mentioned user
Copyright rules for reusing the script:
// == COPYRIGHT ==
// Script by @SimpleCrpytoLife. This script is open-source.
// --> If you use ideas from it, you don't need to ask or give credit to me.
// --> If you copy code out of here to adapt for your own script, it must be open-source. You don't need to ask permission, just credit @SimpleCryptoLife.
Neglected Volume by DGTVolume is one piece of information that is often neglected, however, learning to interpret volume brings many advantages and could be of tremendous help when it comes to analyzing the markets. In addition to technicians, fundamental investors also take notice of the numbers of shares traded for a given security.
What is Volume?
The volume represents all the recorded trades for a security that occurs in a given time interval. It is a measurement of the participation, enthusiasm, and interest in a given security. Think of volume as the force that drives the market. Volume substantiates, energizes, and empowers price. When volume increases, it confirms price direction; when volume decreases, it contradicts price direction.
In theory, increases in volume generally precede significant price movements. However, If the price is rising in an uptrend but the volume is reducing or unchanged, it may show that there’s little interest in the security, and the price may reverse.
A high volume usually indicates more interest in the security and the presence of institutional traders. However, a rapidly rising price in an uptrend accompanied by a huge volume may be a sign of exhaustion.
Traders usually look for breaks of support and resistance to enter positions. When security break critical levels without volume, you should consider the breakout suspect and prime for a reversal off the highs/lows
Volume spikes are often the result of news-driven events. Volume spike will often lead to sharp reversals since the moves are unsustainable due to the imbalance of supply and demand
note : there’s no centralized exchange where trades are recorded, so the volume data represents what happens at a particular exchange only
In most charting platforms, the volume indicator is presented as color-coded bars, green if the security closes up and red if the security closed lower, where the height of the bars show the amount of the recorded trades
Within this study, Relative Volume , Volume Weighted Bars and Volume Moving Average are presented, where Relative Volume relates current trading volume to past trading volume over long period, Volume Weighted Bars presents price bars colored based on short period past trading volume average, and Volume Moving Average is average of volume over shot period
Relative Volume is presented as color-coded bars similar to regular Volume indicator but uses four color codes instead two. Notable increases of volume are presented in green and red while average values with back and gray, hence adding ability to emphasis notable increases in the volume. It is kind of a like a radar for how "in-play" a security is. Users are allowed to change the threshold, default value is set to Fibonacci golden ration standard deviation away from its moving average.
Volume Weighted Bars, a study of Kıvanç Özbilgiç, aims to present if price movements are supported by Volume. Volume Weighted Bars are calculated based on shot period volume moving average which will reflect more recent changes in volume. Price actions with high volume will be displayed with darker colors, average volume values will remain as they are and low volume values will be indicated with lighter colors.
Volume Moving Average, Is short period volume moving average, aims to display visually the volume changes. Please not that Relative Volume bars are calculated based on standard deviation of long volume moving average.
What Else?
Apart from the volume itself, your ability to assess what volume is telling you in conjunction with price action can be a key factor in your ability to turn a profit in the market. It makes little sense to analyze the volume alone. To correctly interpret the volume data, it shall be seen in the light of what the price is doing. there are a lot of other indicators that are based on the volume data as well as price action. Analysing those volume indicators has always helped traders and investors to better understand what is happening in the market.
Here are the ones adapted with this study. Some of them used as a source for our aim, some adapted as they are with slight changes to fit visually to this study and please note that the numerical presentation may differ from their regular use
• On Balance Volume
• Divergence Indicator
• Correlation Coefficient
• Chaikin Money Flow
Shortly;
On Balance Volume
The On Balance Volume indicator, is a technical analysis indicator that relates volume flow to changes in a security’s price. It uses a cumulative total of positive and negative trading volume to predict the direction of price. The OBV is a volume-based momentum oscillator, so it is a leading indicator — it changes direction before the price
Granville, creator of OBV, proposed the theory that changes in volume precede price movements in a measurable way. He believed that volume was the main force behind major market moves and thought of OBV’s prediction of price changes as a compressed spring that expands rapidly when released.
It is believed that the OBV shows the interactions between the institutional and retail traders in the market
If the price makes a new high, the OBV should also make a new high. If the OBV makes a lower high when the price makes a higher high, there’s a classical bearish divergence — indicating that only the retail traders are buying. Another type of bearish divergence occurs when the price remains relatively quiet and fails to make a higher high but the OBV soars higher than the previous high — indicating that the institutional traders are accumulating short positions. On the other hand, if the price makes a lower low and the OBV makes a higher low, there is a classical bullish divergence, showing that the institutional traders don’t believe in that move
With this study, Momentum and Acceleration (optional) of OBV is calculated and presented, where momentum is most commonly referred to as a rate and measures the acceleration of the price and/or volume of a security. It is also referred to as a technical analysis indicator and oscillator that is able to determine market trends.
Additionally, smoothing functionality with Least Squares Method is added
Divergences especially, should always be noted as a possible reversal in the current trend, so the divergence indicator is adapted with this study where the Momentum of OBV is assumed as Oscillator with similar usages as to RSI. Divergence is most often used to track and analyze the momentum in an asset’s price and the odds of a price reversal within the current trend. The divergence indicator warns traders and technical analysts of changes in a price/volume trend, oftentimes that it is weakening or changing direction.
Correlation Coefficient
The correlation coefficient is a statistical measure of the strength of the relationship between the relative movements of two variables. A correlation of -1.0 shows a perfect negative correlation, while a correlation of 1.0 shows a perfect positive correlation. A correlation of 0.0 shows no linear relationship between the movement of the two variables. In other words, the closer the Correlation Coefficient is to 1.0, indicates the instruments will move up and down together as it is mostly expected with volume and price. So the Correlation Coefficient Indicator aims to display when the price and volume (on balance volume) is in correlation and when not. With this study blue represent positive correlation while orange negative correlation. The strength of the correlation is determined by the width of the bands, to emphasis the effect horizontal lines are drawn with values set to 0.5 and -0.5. the values above 0.5 (or below -0.5) shows stronger correlation.
Chaikin Money Flow , provide optionally as a companion indicator
The Chaikin money flow indicator (CMF) is a volume indicator that measures the money flow volume over a chosen period. The money flow volume is a measure of the volume and where the price closed relative to the trading session’s range. It comes from the idea that buying pressure is indicated by a rising volume and recurrent closes in the upper part of the session’s price range while selling pressure is demonstrated by an increasing volume and repeated closes in the lower part of the price range.
Both buying and selling pressures are accompanied by an increase in volume, but the location of the closing prices are in accordance with the direction of price
Special thanks to @InvestCHK and @hjsjshs , who have enormously contributed while preparing this study
related studies:
Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Matrix functions - JD/////////////////////////////////////////////////////////////////////////////////////////////////////////////////
// The arrays provided in Pinescript are linear 1D strucures that can be seen either as a large vertical stack or
// a horizontal row containing a list of values, colors, bools,..
//
// With the FUNCTIONS in this script the 1D ARRAY LIST can be CONVERTED INTO A 2D MATRIX form
//
//
///////////////////////////////////////////
/// BASIC INFO ON THE MATRIX STRUCTURE: ///
///////////////////////////////////////////
//
// The matrix is set up as an 2D structure and is devided in ROWS and COLUMNS.
// following the standard mathematical notation:
//
// a 3 x 4 matrix = 4 columns
// 0 1 2 3 column index
// 0
// 3 rows 1
// 2
// row
// index
//
// With the use of some purpose-built functions, values can be placed or retrieved in a specific column of a certain row
// this can be done by intuitively using row_nr and column_nr coördinates,
// without having to worry on what exact index of the Pine array this value is located (the functions do these conversions for you)
//
//
// the syntax I propose for the 2D Matrix array has the following structure:
//
// - the array starts with 2 VALUES describing the DIMENSION INFORMATION, (rows, columns)
// these are ignored in the actual calculations and serve as a metadata header (similar to the "location, time,... etc." data that is stored in photo files)
// so the array always carries it's own info about the nr. of rows and columns and doesn't need is seperate "info" file!
//
// To stay consistent with the standard Pinescript (array and ) indexing:
// - indexes for sheets and columns start from 0 (first) and run up to the (total nr of sheets or columns) - 1
// - indexes for rows also start from 0 (most recent, cfr. ) and run up to the (total nr of rows) - 1
//
// - this 2 value metadata header is followed by the actual df data
// the actual data array can consist of (100,000 - 2) usable items,
//
// In a theoretical example, you can have a matrix with almost 20,000 rows with each 5 columns of data (eg. open, high, low, close, volume) in it!!!
//
//
///////////////////////////////////
/// SCHEMATIC OF THE STRUCTURE: ///
///////////////////////////////////
//
////// (metadata header with dimensions info)
//
// (0) (1) (array index)
//
Derivative Pivot HL Points Hello.
This script aims to take into account mutable variable Pivot Points' periods.
While doing this, it takes the period between 2 signals that I use in the script:
And these periods in my Pivot HL function integrated into len length (Mutable variables) :
The cornerstone of the script is these facts.
Pivot can be optimized by playing with reversal periods.
These pre-formed levels can be used as Supply and Demand levels.
Regards.
TRM StrategyThis is a strategy version of the "True Relative Movement" script:
It is virtually identical to the original script, except now you can back test different conditions and parameters.
TRM has 3 different conditions:Buy (Blue Bars), Hold/Take Profit (Gray Bars), and Sell (Pink Bars).
This script is only coded for Long only condition. It will exit the position when there is a sell signal, no take profit parameters are coded.
The example backtest results shown are on $AAPL with a starting Capital of 10k, with each trade investing 10% of capital. I cannot show results vs buy and hold (meaning re-investing 100% of capital) as this is against house rules. However, I HIGHLY encourage you to experiment with different trade parameters, time frames, symbols and settings for TRM. You will find that certain time frames perform better under different TSI and RSI settings. The "Slower paced trader" can use the "Slow settings" for TRM ( Instructions embedded in the settings window). This will produce less signals ect.... I am personally, constantly finding different settings that work for different ETF's, symbols ect...
As a discretionary trader, it is important to have a system that has an "edge". That is what the script is meant for... finding an edge to help you make sound trading decisions and help you manage risk accordingly.
Enjoy, and please DO NOT hesitate to ask me any questions.
B3 Clear Method Streak CountAbout Clear Method -- to repeat my prior post on the bar painter script:
This indicator is translated out of Technical Analysis of Stocks & Commodities , September 2010, (I take zero design credit). The script simply looks for the price action to break or "clear" the most recent action, and only changes the paintbar color if the action indeed clears the previous candles. Simple to use, just add to your chart from your favorites and change the colors in the UI. It does the rest.
This version can replace my previous Clear Method Bar Painter as it also paints the bars.
What is different is this share is a lower study that counts the streak of the bars shown via histogram.
The way to use the streak is to notice the previous streaks and get a sense of how long the current trend is lasting versus prior trends of the same direction.
@Tradestation recently posted their "price streak" study, and this one is quite similar in nature.
Enjoy, the code open to view,
_B3
d^.^b
Functions Allowing Series As Length - PineCoders FAQ█ WARNING
Improvements to the following Pine built-ins have deprecated the vast majority of this publication's functions, as the built-ins now accept "series int" `length` arguments:
ta.wma()
ta.linreg()
ta.variance()
ta.stdev()
ta.correlation()
NOTE
For an EMA function that allows a "series int" argument for `length`, please see `ema2()` in the ta library by TradingView .
█ ORIGINAL DESCRIPTION
Pinescript requires many of its built-in functions to use a simple int as their period length, which entails the period length cannot vary during the script's execution. These functions allow using a series int or series float for their period length, which means it can vary on each bar.
The functions shared in this script include:
Rolling sum: Sum(src,p)
Simple moving average: Sma(src,p)
Rolling variance: Variance(src,p)
Rolling standard deviation: Stdev(src,p)
Rolling covariance: Covariance(x,y,p)
Rolling correlation: Correlation(x,y,p)
If p is a float then it is rounded to the nearest int .
How to Use the Script
Most of the functions in the script are dependent on the Sma function. The Correlation function uses the Covariance and Stdev functions. Be sure you include all the required functions in your script.
Make sure the series you use as the length argument is greater than 0, else the functions will return na . When using a series as length argument, the following error might appear:
Pine cannot determine the referencing length of a series. Try using max_bars_back in the study or strategy function.
This can be frequent if you use barssince(condition) where condition is a relatively rare event. You can fix it by including max_bars_back=5000 in your study declaration statement as follows:
study("Title",overlay=true,max_bars_back=5000)
Example
The chart shows the Sma , Stdev , Covariance and Correlation functions. The Sma uses the closing price as input and bars as period length where:
bars = barssince(change(security(syminfo.tickerid,"D",close ,lookahead=true)))
The Stdev uses the closing price as input and bars + 9 as period length. The Covariance and Correlation use the closing price as x and bar_index as y , with bars + 9 as period length.
Look first. Then leap.
FX Meter ScriptA while ago, we wrote* about the usefulness of using a currency strength meter and how you can build one from scratch.
See here: www.globalprime.com.au
Now we've taken this little project to the next level by visually spotting, via color signals in a dashboard and alerts, when a potential new trend might be developing in a currency pair.
*It's critical that you first read that article before you jump into reading this one or else you could get easily lost.
The script gives a trigger every time two currencies show diverging flows via opposing moving average slopes.
The signals originate from a first chart where currency indexes can be found, calculated through a formula, in various thin lines. Then a moving average to each currency index is applied so that it can smooth out the lines (what I call Micro moving averages – thicker lines -) and is usually a 4-5 period MA, with the key input to pay attention being the slope. One can perform their own tests on what works best for their particular trading style. The smaller the period in the moving average, the more responsive to changes in biases but the downside is that you will get a greater number of false moves. In the windows below the 1st chart, the stochRSI is calculated for each currency index (these values originate from the currency index and not from the applied MA). By default, a 25-period is applied to both RSI and Stoch length.
A 2nd chart that looks at the same logic is also accounted for to build this script, but instead of checking the micro trend, it applies a 25MA to the currency index, so it looks at what I call the slope of the macro trend. In this case, by default, a 125-period is applied to both RSI and Stoch length.
We had in mind to transition from just eye-balling and monitoring these charts manually to build a script via Tradingview that makes calculations real time (whenever the change in the moving average slope first occurs, and not when the bar/line closes), so that one can decide whether or not its a signal worth trading as part of a new trend emerging. Note, this is not so much a signal-triggering indicator but rather a tool to constantly be on the lookout monitoring what currencies might start to develop trends.
The actual script consists of a dashboard with different colored rectangles being triggered depending on the quality of the signal.
We will be happy to discuss it further with anyone who is interested in exploiting all the benefits that it can offer.
The way you add the script into your Tradingview chart is by first copy everything in the txt file. Then go to Pine editor (bottom middle-left) in your tradingview chart, delete everything there, then Paste the script. Then click Add to Chart (top right of the pine editor).
Note, you should add via the Anchored Text function the following list of pairs below, in this alphabetic order, on the right-hand side of the chart, as demonstrated above:
AUDCAD
AUDJPY
AUDNZD
AUDUSD
CADJPY
EURAUD
EURJPY
EURCAD
EURNZD
EURGBP
EURUSD
GBPAUD
GBPCAD
GBPJPY
GBPNZD
GBPUSD
NZDCAD
NZDJPY
NZDUSD
USDCAD
USDJPY
There are only 2 rules for the script to trigger a signal (see below). However, as I will elaborate further down, there are up to 6 different colors we can grade a signal
RULE 1 -> 2 moving averages, which are a calculation applied to a currency index as shown in the micro trend above, exhibit slopes in the opposite direction.
RULE 2 -> The Stoch RSI cannot be in overbought conditions if the slope of the moving average points higher or in oversold if the slope points lower.
Note 1: Even if the chart is a 60m timeframe by default (can be changed to any timeframe(, one gets the signal the moment the change of slope is identified, which means the indicator monitors changes in price tick by tick, and not on a candle close, otherwise one would get the trigger too late.
As an example of the highest-graded signal triggering (in green), a few hours ago we were given the visual cue that GBPCAD was experiencing a change of behavior. If we crosscheck the time the green-colored trigger was given with the actual GBPCAD chart, this is what we can observe. The pair is 30p higher since the trigger.
HOW TO SETUP ALERTS
One can easily setup a notification window each time the above rules are met, for example, if the EUR MA slope changes to bullish, and the AUD MA slope changes to bearish, and none of the 2 currency index values corresponding to these 2 moving averages (EUR and AUD) show a stoch RSI in overbought (above 80) in the case of the EUR, or oversold (below 20) in the case of the AUD, then the notification pop up would show a customized line: Long EURAUD
Note 1: Recording the slope of the macro moving average, which is usually a 25period MA applied to the currency index, is not included as part of the rules to trigger a signal, but it is taken into account to grade the quality of each signal.
Note 2: I recommend each signal to be triggered once or if you prefer, simply monitor the chart visually on the change of colors via the dashboard. The calculation resets and can appear again the moment that the slope changes to the opposite direction, so it’s a very dynamic indicator that will alert you the second a pair of currencies starts trending.
Note 3: When the signal is triggered, the indicator draws a colored rectangle. Each signal notification should be colored based on the following logic below.
LOGIC TO QUALIFY SIGNALS
-> Any long micro position with Macro MA in full agreement (ie/ Long EURAUD, Macro EUR up, Macro AUD down) is highlighted with green color
-> Any long micro position with macro moving averages in partial agreement (for example Long EURAUD, Macro EUR up AUD up) is highlighted with blue color
-> Any long micro position with macro moving averages in full disagreement (for example Long EURAUD, Macro EUR down AUD up) is highlighted with magenta color
-> Any short micro position with macro moving averages in full agreement (for example Short EURAUD, Macro EUR down AUD up) is highlighted with red color
-> Any short micro position with macro moving averages in partial agreement (for example Short EURAUD, Macro EUR up AUD up) is highlighted with orange color
-> Any short micro position with macro moving averages in full disagreement (for example Short EURAUD, Macro EUR up AUD down) is highlighted with purple color
PARAMETERS IN THE SCRIPT SETTINGS
Overbought/oversold: One can modify the stoch RSI level from which the indicator considers the value to be in overbought or oversold conditions. As a rule of thumb, consider 20/30 for oversold and 70/80 for oversold.
Slopes micro/macro MAs: One can edit the slope of the micro MA period (rule of thumb 4-5) and the macro MA (by default 25).
Value StochRSI: The default inputs are K 3, D 3, RSI Length 25, Stoch Length 25 for the micro and 125 period for the macro.
Change colors: One can edit the assigned colors in the signals dashboard.
Timeframe applied: The indicator has the flexibility to be applied to any timeframe, not just the 60m by default. Simply change the timeframe temporality.
CURRENCY INDEXES FORMULAS
It is the responsibility of the user to keep the values of the indexes updated. Find a recent sample below, as per values in early April. What this means is that at least once a week, in order to not let the values outdated, you should update the script with the latest valuations in the denominator.
NZD INDEX -> FX_IDC:NZDAUD/0.96+FX:NZDJPY/75.81+FX:NZDUSD/0.68+FX_IDC:NZDEUR/0.6+FX_IDC:NZDGBP/0.52+FX:NZDCHF/0.69+FX:NZDCAD/0.9
EUR INDEX -> FX:EURUSD/1.13+FX:EURJPY/125.5+FX:EURGBP/0.87+FX:EURCHF/1.135+FX:EURCAD/1.49+FX:EURNZD/1.655+FX:EURAUD/1.59
JPY INDEX -> 1/(FX:USDJPY/110.5+FX:EURJPY/125.5+FX:AUDJPY/79+FX:NZDJPY/75.5+FX:GBPJPY/144.5+FX:CHFJPY/110.5+FX:CADJPY/84)
USD INDEX -> FX_IDC:USDEUR/0.88+FX:USDJPY/110.5+FX_IDC:USDGBP/0.77+FX:USDCHF+FX:USDCAD/1.315+FX_IDC:USDNZD/1.46+FX_IDC:USDAUD/1.4
CAD INDEX-> FX_IDC:CADAUD/1.07+FX_IDC:CADNZD/1.11+FX:CADJPY/84.27+FX_IDC:CADUSD/0.76+FX_IDC:CADEUR/0.67+FX:CADCHF/0.76+FX_IDC:CADGBP/0.58
GBP INDEX -> FX:GBPAUD/1.83+FX:GBPNZD/1.91+FX:GBPJPY/144.5+FX_IDC:GBPEUR/1.15+FX:GBPCHF/1.31+FX:GBPUSD/1.31+FX:GBPCAD/1.71
Remember, I have provided a manual on how to build a currency strength meter. That’s what you will need to do first if you want to obtain the actual currency indexes other than just the indicator, which is just the visual cue to get you alerted when the slopes turn.
Once you’ve created your indexes via tradingview, you then apply a moving average to each index. Then apply the stochrsi 25 period to each index. For the macro trend, I make the same calculations, but the period of the MA is 25 instead of 4, while the stoch rsi is 125 periods vs 25 periods.
FINAL NOTE
This is a tool that should be interpreted as visual assistance, via the dashboard, to get that first cue when opposing micro slopes via the FX meter occur. However, you still need to check the technical context of the pair (levels marked, proj reached, etc.) but that first cue is a major time saver to constantly spot what's trending in FX. The permutations u can play with, as part of this script, are significant. You can tweak the timeframes you use, the periods of the moving averages, etc. I find the micro and macro trend combos when either a green or red signals is triggered the most reliable, with positions to be exploited via 15m and hourly under the right technical context.
Dragon Bot - Default ScriptDragon Script is a framework to make it as easy as possible to test your own strategies and set alerts for external execution bots.
The script has many features build in, like:
1) A ping/pong mechanism between longs and shorts
2) A stop-loss
3) Trailing Stops with several ways to calculate them.
4) 2 different ways to flip from long to short.
The script is divided into several parts.
The first part of the script is used to set all the variables. You should normally never change the first part except for the comments at the top.
The second part of the script is the part where you initialise all your indicators. Several indicators can be found on Tradingview and on other sites. Please keep in mind that all the variable names used in the indicator should be unique. (all the … = … parts)
The third part of the script, is the most important part of the script. Here you can create the entry and exit points.
Let’s look at the OPENLONG function to explain this part: The first variables are all the possible entries; These are longentry1 till longentry5. You can add many more if you like.
The variables are all initialised as being false. This way the script can set a value to true if an entry happens.
The if function is the actual logic: You could say “if this is true” then (the line below the if function) longentry1 := (becomes) true.
In this case we have said: “if this is true” then (the line below the if function) longentry1 := (becomes) true when the current close is larger than the close that is 1 back.
The last part is the makelong_funct. This part says that if any of the entries are true, the whole function is true.
The last part of the script is the actual execution. Here the alerts are plotted and the back test strategies are opened and closed.
We hope you guys like it and all feedback is welcome!
Open Interest:CME e-o-d vs CFTC e-o-wCFTC only publishes total OI on fridays, related to last Tuesday.
But what happened since last Tuesday?
CME Vol & Open Interest data is recorded&exported daily by quandl.com to tradingview
via the che CHRIS/CME datasets
www.quandl.com
Eg. Nat Gas next outstanding cntract n. 20, field n. 7(OI)
@quandl.com:
www.quandl.com
is exported @tradingview:
www.tradingview.com
Every outstanding contract's OI & vol is exported (black column), but not the total (yellow line):
tiny.cc
This script sums up all the existing outstanding contract's OI for the future (the black column), so one can have an idea of the total OI for the day (Yellow line).
As numer of outstanding contracts varies from future to future,Eg:
E-mini (ES) has 4 contracts, Gold(GC) 16 cntrcts, NatGas(NG) has 43, WTI(CL) has 38 etc
the scrips tries to guess how many exist for it and sums them up, to have the total OI for tha day
Number ofoutstanding contracts exported by quandl.com to tradingview is taken from
s3.amazonaws.com
There are 2 params you can enter on the script:
* override the ticket symbol on the chart ,if script cannot guessit or you need a different one
* enter the "preliminary" OI that is published by CME early the next day, butb not yet exported by quandl to tradingview
This script is Open so anyone can copy and modifyit for its use.
Please post comments and ideas if you find it useful
I try to keep a log of my work here:
[RESEARCH] Percentrank BugI found a bug with built-in percentrank function. Sometimes it gives unexpected and incorrect results. You can see a one of them on the chart.
ALL scripts which use percentrank function are affected. No matter which version they use, no matter who is their author - ALL scripts which use this built-in function can work incorrectly.
If you want to avoid this bug use _percentrank function (the "shim" ) - you can find it in the script.
NOTE: Don't push on TradingView Support or Pine Core Team because they already know about this issue and work on the fix. I publish it to warn you.
Mayer Multiple @ Current PriceThough this script is by me, the original idea comes from a podcast I heard where Trace Mayer talks about how he does crypto valuation. It is based on current price against the 200 day moving average. This indicator script will simply plot that value as a label overlayed on your trading view chart. Best long term results occur when acquiring BTC when the multiple is 2.4 or less. For more info, google "mayer multiple" This script/indicator is strictly for educational purposes. It is not exclusive to bitcoin.
To get the best look out of your charts I make the following changes.
1.Apply the indicator to your chart.
2. In the tools palette of trading view, when looking at a chart, click "Show Objects Tree" the icon displayed above the trash can.
In the objects tree panel, click the preferences icon for "Mayer Multiple @ Current Price"
Switch "scale" to "scale Left"
3. Then for your chart preferences (right click on chart background and select "Properties", and be sure the following are checked on the "Scales" tab
Left Axis
Right Axis
Indicator Last Value
Indicator Labels
Screenshots are not allowed in this view, so I can't post screenshots, but the view above is what it should look like when you are done.
For anyone who wants to see the code, here is the code of the script:
Use at will, and at your own risk.
//@version=3
// Created By Timothy Luce, inspired by Trace Mayer's 200 Day SMA cryptocurrency valuation method
study("Mayer Multiple @ Current Price", overlay=true)
currentPrice = close
currentDay = security(tickerid, "D", sma(close, 200))
mayerMultiple = currentPrice/currentDay
plot(mayerMultiple, color=#00ffaa, transp=100)
If you want to change the color, change this line: #00ffaa
All SMAs Bullish/Bearish Screener (Visually Enhanced)Title: All SMAs Bullish/Bearish Screener Enhanced: Uncover Elite Trend Opportunities with Confidence & Clarity
Description:
Are you striving to master the art of trend-following, but often find yourself overwhelmed by market noise and ambiguous signals? Do you yearn for a trading edge that clearly identifies high-conviction opportunities and equips you with robust risk management principles? Look no further. The "All SMAs Bullish/Bearish Screener Enhanced" is your ultimate solution – a meticulously crafted Pine Script indicator designed to cut through the clutter, pinpointing stocks where the trend is undeniably strong, and providing you with the clarity you need to trade with confidence.
The Pinnacle of Confluence: Beyond Simple Averages
This is not just another moving average indicator. This is a sophisticated, multi-layered analytical engine built on the profound principle of Confluence. While our core strength lies in tracking a comprehensive suite of six critical Simple Moving Averages (5, 10, 20, 50, 100, and 200-period SMAs), this Enhanced version elevates signal reliability by integrating powerful, independent confirmation layers:
Momentum (Rate of Change - ROC): A true trend isn't just about direction; it's about the force and persistence of price movement. The Momentum filter ensures that the trend is backed by accelerating buying (for bullish signals) or selling (for bearish signals) pressure, validating its underlying strength.
Volume Confirmation: Smart money always leaves a trail. Significant price moves, especially trend continuations or reversals, demand genuine participation. This enhancement confirms that the "All SMAs" alignment is accompanied by above-average volume, signaling institutional conviction and differentiating authentic moves from mere whipsaws.
Relative Strength Index (RSI) Bias: The RSI helps gauge the health of the trend. For a bullish signal, we confirm RSI maintains a bullish bias (above 50), while for a bearish signal, we look for a bearish bias (below 50). This adds another layer of qualitative validation, ensuring the trend isn't overextended without confirmation.
When a stock's price is trading above ALL six critical SMAs, and is simultaneously confirmed by strong positive Momentum, robust Volume, and a bullish RSI bias, you are witnessing a powerful "STRONGLY BULLISH" signal. This rare alignment often precedes sustained upward moves and signifies a prime accumulation phase across all time horizons. Conversely, a "STRONGLY BEARISH" signal, where price is below ALL SMAs with compelling negative Momentum, validating Volume, and a bearish RSI bias, indicates significant distribution and potential for substantial downside.
Seamless Usage & Unmatched Visual Clarity:
Adding this script to your TradingView chart is simple, and its visual design has been meticulously optimized for maximum readability:
Easy Integration: Paste the script into your Pine Editor and click "Add to Chart."
Full Customization: All SMA lengths, RSI periods, Volume SMA periods, and Momentum periods are easily adjustable via user-friendly input settings, allowing you to fine-tune the strategy to your precise preferences.
Optimal Timeframes:
For identifying robust, actionable trends for swing and position trading, Daily (1D) and 4-Hour (240 min) timeframes are highly recommended. These capture significant market movements with reduced noise.
While the script functions on shorter timeframes (e.g., 15min, 60min), these are best reserved for highly active day traders seeking precise entry triggers within broader trends, as shorter timeframes are prone to increased volatility and noise.
Important Note on Candle Size: The width of candles on your chart is controlled by TradingView's platform settings and your zoom level, not directly by Pine Script. To make candles appear larger, simply zoom in horizontally on your chart or adjust the "Bar Spacing" in your Chart Settings (Right-click chart > Settings > Symbol Tab).
Crystal-Clear Visual Signals:
Subtle Background Hues: The chart background will subtly tint lime green for "STRONGLY BULLISH" and red for "STRONGLY BEARISH" conditions. This transparency ensures your underlying candles remain perfectly visible.
Distinct Moving Averages: SMAs are plotted with increased line thickness and a carefully chosen color palette for easy identification.
Precise Signal Triangles: Small, clean green triangles below the bar signify "STRONGLY BULLISH," while small red triangles above the bar mark "STRONGLY BEARISH" conditions. These are unobtrusive yet clear.
Dedicated Indicator Panes: RSI and Momentum plots, along with their key levels, now appear in their own separate, clean sub-panes below the main price chart, preventing clutter and allowing for focused analysis.
On-Chart Status Table: A prominent table in your chosen corner of the chart provides an immediate, plain-language update on the current trend status.
Real-Time Screener Power (via TradingView Alerts): This is your ultimate automation tool. Set up custom alerts for "Confirmed Bullish Trade" or "Confirmed Bearish Trade" conditions. Receive instant notifications (email, app, webhook) for any stock in your watchlist that meets these stringent, high-conviction criteria, allowing you to react swiftly to premium setups across the market without constant chart monitoring.
Mastering Risk & Rewards: The Trader's Edge
Finding a signal is only the first step. This script helps you trade intelligently by guiding your risk management:
Strategic Stop-Loss Placement: Your stop-loss is your capital protector. For a "STRONGLY BULLISH" trade, place it just below the most recent significant swing low (higher low). This is where the uptrend's structure is invalidated. For "STRONGLY BEARISH" trades, place it just above the most recent significant swing high (lower high). As an alternative, consider placing your stop just outside the 20-period SMA; a close beyond this mid-term average often signals a crucial shift. Always ensure your chosen stop-loss aligns with your strict risk-per-trade rules (e.g., risking no more than 1-2% of your capital per trade).
Disciplined Profit Booking: Don't just let winners turn into losers. Employ a strategy to capture gains:
Trailing Stop-Loss: As your trade moves into profit, dynamically move your stop-loss upwards (for longs) or downwards (for shorts). You can trail it by following subsequent swing lows/highs or by using a faster Moving Average like the 10 or 20-period SMA as a dynamic exit point if price closes beyond it. This allows you to ride extended trends while protecting accumulated gains.
Target Levels: Identify potential profit targets using traditional support/resistance levels, pivot points, or Fibonacci extensions. Consider taking partial profits at these key junctures to secure gains while letting a portion of your position run.
Loss of Confluence: A unique exit signal for this script is the breakdown of the "STRONGLY BULLISH" or "STRONGLY BEARISH" confluence itself. If the confirmation layers or even a few of the core SMAs are no longer aligned, it might be time to re-evaluate or exit, even if your hard stop hasn't been hit.
The "All SMAs Bullish/Bearish Screener Enhanced" is more than just code; it's a philosophy for disciplined trend trading. By combining comprehensive multi-factor confluence with intuitive visuals and robust risk management principles, you're equipped to make smarter, higher-conviction trading decisions. Add it to your favorites today and transform your approach to the markets!
#PineScript #TradingView #SMA #MovingAverage #TrendFollowing #StockScreener #TechnicalAnalysis #Bullish #Bearish #MarketScanner #Momentum #Volume #RSI #Confluence #TradingStrategy #Enhanced #Signals #Analysis #DayTrading #SwingTrading
Squeeze Breakout Pro🔥 What This Script Does
This is a Breakout Strength Scanner with Squeeze + Pattern Range + Volume Confirmation + Risk Management + Take Profits.
✅ Core Functions:
Squeeze Detector:
Finds low volatility zones using Bollinger Band width compression.
Marks them with a “Squeeze” label — this signals that a big move is likely coming soon.
Pattern Range Detection:
Automatically identifies recent pivot highs (resistance) and pivot lows (support) using the pivotLen.
Draws the current consolidation range visually with horizontal lines.
Breakout Confirmation:
Requires:
✅ A break above resistance or below support.
✅ Confirmed with above-average volume.
✅ Must occur while in a volatility squeeze.
Plots arrows:
🔼 Green Up Arrow = Confirmed Bullish Breakout.
🔽 Red Down Arrow = Confirmed Bearish Breakout.
Trade Management Built-In:
Stop Loss: Just beyond the opposite side of the pattern range.
Take Profits:
✅ TP1 = 1.5x risk.
✅ TP2 = 2x risk.
Position Size Calculator:
Based on your input account size (accountBal) and risk percentage (riskPct).
Shows how many contracts, shares, or units to buy/sell to risk exactly that % of your account.
Higher Timeframe Trend Filter:
Default is 4-hour trend filter (can be changed).
✅ Only shows if the higher timeframe trend is Bullish (EMA50 > EMA200) or Bearish.
Displayed on the dashboard.
📊 How to Use It Step-By-Step
🟧 1. Look for a Squeeze:
A “Squeeze” label will appear.
This means price is coiled tight — a breakout is likely.
🟩 2. Wait for a Breakout Arrow:
🔼 Green Arrow: Bullish breakout (price breaks resistance + volume confirms + squeeze active).
🔽 Red Arrow: Bearish breakout (price breaks support + volume confirms + squeeze active).
🟥 3. Check the Dashboard:
✅ Trend Bias: Should ideally match your breakout.
If the higher timeframe is Bullish, long breakouts have better odds.
If Bearish, short breakouts are higher probability.
✅ Vol Confirm: Will say “Yes” if the volume condition is met.
🏹 4. Manage the Trade (Auto Levels):
The script draws:
🔴 Stop Loss Line (below range for longs, above for shorts).
🟢 Take Profit 1 (1.5x risk).
🟢 Take Profit 2 (2x risk).
Use these as guidelines for exits.
💰 5. Use Position Size Display:
Check the TP and SL distances and the suggested position size based on your account balance and risk percentage.
🚀 Pro Tips for Maximum Success
✅ Use Trend Confluence:
Only trade long breakouts when the higher timeframe trend is Bullish (EMA50 > EMA200).
Only trade short breakouts when the higher timeframe trend is Bearish.
✅ Avoid Fakeouts:
If a breakout arrow forms but the candle closes far away from the pattern breakout — wait for a retest or confirmation.
Higher volume + clean breakout works better than low-volume squeezes.
✅ Best Timeframes:
4H to Daily: For swing trades.
15m to 1H: For intraday trades (adjust htf to "240" for 4H trend confirmation even on lower charts).
✅ Increase Win Rate:
Use this script with key support/resistance zones, weekly ranges, or fib retracements.
Breakouts that happen near macro key levels have the highest follow-through.
✅ Set Alerts:
Right-click the breakout arrow or use alertcondition() events in the script.
Set alerts for:
📈 Breakout UP
📉 Breakout DOWN
🏹 Squeeze Active (prep for breakout)
✅ Walk Away Once In:
Let TP1 or TP2 hit.
Or move stop to breakeven after TP1 hits for free runners.
🔥 What Makes This Script Powerful:
Combines price action (pattern range) + volatility squeeze + volume confirmation + trend bias + risk management.
Most traders use these individually. This does it all in one clean tool.
💎 Professional Edge:
This is the type of script that turns reactive trading into systematic trading. No guessing. Clean rules. Repeatable.
Future is hereOverview
"Future is Here" is an original, multi-faceted Pine Script indicator designed to provide traders with a comprehensive toolset for identifying high-probability trading opportunities. By integrating volatility-based entry zones, trend-based price targets, momentum confirmation, dynamic support/resistance levels, and risk-reward ratio (RRR) calculations, this indicator offers a cohesive and actionable trading framework. Each feature is carefully designed to complement the others, ensuring a synergistic approach that enhances decision-making across various market conditions. This script is unique in its ability to combine these elements into a single, streamlined interface with clear visual cues and customizable alerts, making it suitable for both novice and experienced traders.
Key Features and How They Work Together
Volatility-Based Entry Zones
Purpose: Identifies overbought and oversold conditions using a volatility-adjusted moving average, helping traders spot potential reversal zones.
Mechanism: Utilizes a user-defined volatility length and multiplier to calculate dynamic overbought/oversold thresholds based on the standard deviation of price. Crossovers and crossunders of these levels trigger "Buy Zone" or "Sell Zone" labels.
Synergy: These zones act as the foundation for entry signals, which are later confirmed by momentum and trend filters to reduce false signals.
Trend-Based Price Targets
Purpose: Projects potential price targets based on the prevailing trend, giving traders clear objectives for profit-taking.
Mechanism: Combines a fast and slow moving average to determine trend direction, then calculates target prices using a multiplier of the price deviation from the slow MA. Labels display bullish or bearish targets when the fast MA crosses the slow MA.
Synergy: Works in tandem with entry zones and momentum signals to align targets with market conditions, ensuring traders aim for realistic price levels supported by trend strength.
Momentum Confirmation
Purpose: Validates entry signals by assessing momentum strength, filtering out weak setups.
Mechanism: Uses the momentum indicator to detect bullish or bearish momentum crossovers, labeling them as "Strong" or "Weak" based on a comparison with a smoothed momentum average.
Synergy: Enhances the reliability of buy/sell signals by ensuring momentum aligns with volatility zones and trend direction, reducing the risk of premature entries.
Dynamic Support/Resistance Levels
Purpose: Highlights key price levels where the market is likely to react, aiding in trade planning and risk management.
Mechanism: Detects pivot highs and lows over a user-defined lookback period, drawing horizontal lines for the most recent support and resistance levels (limited to two each for clarity). Labels mark these levels with price values.
Synergy: Complements entry zones and price targets by providing context for potential reversal or continuation points, helping traders set logical stop-losses or take-profits.
Buy/Sell Signals with Risk-Reward Ratios
Purpose: Generates precise buy/sell signals with integrated take-profit (TP), stop-loss (SL), and RRR calculations for disciplined trading.
Mechanism: Combines volatility zone crossovers, trend confirmation, and positive momentum to trigger signals. ATR-based TP and SL levels are calculated, and the RRR is displayed in labels for quick assessment.
Synergy: This feature ties together all previous components, ensuring signals are only generated when volatility, trend, and momentum align, while providing clear risk-reward metrics for trade evaluation.
Customizable Alerts
Purpose: Enables traders to stay informed of trading opportunities without constant chart monitoring.
Mechanism: Alert conditions are set for buy and sell signals, delivering notifications with the entry price for seamless integration into trading workflows.
Synergy: Enhances usability by allowing traders to act on high-probability setups identified by the indicator’s combined logic.
Originality
"Future is Here" is an original creation that distinguishes itself through its holistic approach to technical analysis. Unlike single-purpose indicators, it integrates volatility, trend, momentum, and support/resistance into a unified system, reducing the need for multiple scripts. The inclusion of RRR calculations directly in signal labels is a unique feature that empowers traders to evaluate trade quality instantly. The script’s design emphasizes clarity and efficiency, with cooldowns to prevent label clutter and a limit on support/resistance lines to maintain chart readability. This combination of features, along with its customizable parameters, makes it a versatile and novel tool for traders seeking a robust, all-in-one solution.
How to Use
Setup: Add the indicator to your TradingView chart and adjust input parameters (e.g., Volatility Length, Trend Length, TP/SL Multipliers) to suit your trading style and timeframe.
Interpretation:
Look for "Buy Zone" or "Sell Zone" labels to identify potential entry points.
Confirm entries with "Bull Mom" or "Bear Mom" labels and trend direction (Bull/Bear Target labels).
Use Support/Resistance lines to set logical TP/SL levels or anticipate reversals.
Evaluate Buy/Sell signals with TP, SL, and RRR for high-probability trades.
Alerts: Set up alerts for Buy/Sell signals to receive real-time notifications.
Customization: Fine-tune multipliers and lengths to adapt the indicator to different markets (e.g., stocks, forex, crypto) or timeframes.
AMD Setup - Full (Long + Short) ICT ModelICTSNIPERKILLS!
Accumulation, Manipulation, Distribution (AMD) Script!
1. Clarifies Structure: Accumulation, Manipulation, Distribution (AMD)
The script visualizes the AMD framework:
Accumulation → Price ranges inside Initial Balance (IB).
Manipulation → Liquidity sweep above IB High or below IB Low.
Distribution → Market Structure Shift (MSS) confirms a directional move.
This gives you a narrative structure for each session, helping you avoid random trades.
🧠 2. Filters Out Noise with MSS Confirmation
It waits for:
A liquidity sweep (manipulation),
Followed by a market structure shift (MSS),
And then confirms an entry only after a candle closes beyond structure.
This structure:
Reduces false signals,
Improves trade timing,
Helps you align with smart money delivery.
🕘 3. Focuses on the Right Time Window (Initial Balance)
You only engage after the 10:30 AM EST close, once the Initial Balance is formed.This aligns with ICT's focus on:
Killzones (like 9:30–11:00),
Avoiding early overtrading,
Letting the market tip its hand first (through sweeps + MSS).
This timing logic supports discipline and consistency.
🟢🔴 4. Marks Entries with Risk/Reward Guidance
It plots:
AMD SHORT / LONG entries after MSS + candle confirmation,
Basic TP and SL visual markers using a static risk-reward (2:1),
Optional Fair Value Gaps (FVGs) for refinement zones.
While static, these help plan trades visually and frame targets quickly, especially if you're scalping or trading micro futures like MNQ.
📈 5. Alerts You in Real Time
Instead of manually watching:
You'll get alerts when sweeps or MSS setups appear.
You can stay focused during the killzone or walk away and return when signals trigger.
This supports patience and alert-based discipline.
💡
You already:
Use 15M/1M execution,
Wait for ERL or HOD/LOD sweeps,
Look for MSS + CISD,
Trade in killzones only,
Target 50–62–70% Fibs with SMT/FVG confluence.
This script:✅ Automates sweep + MSS detection✅ Plots AMD-based entries visually✅ Simplifies your killzone execution✅ Helps avoid FOMO by filtering setups✅ Keeps your journal entries clean with structure
