Momentum TrackerDescription
To screen for momentum movers, one can filter for stocks that have made a noticeable move over a set period. This initial move defines the momentum or swing move. From this list of candidates, we can create a watchlist by selecting those showing a momentum pause, such as a pullback or consolidation, which later could set up for a continuation.
Momentum = Magnitude × Time
This Momentum Tracker indicator serves as a study tool to visualize when stocks historically met these momentum conditions. It marks on the chart where a stock would have appeared on the screener, allowing us to review past momentum patterns and screener requirements. The indicator measures momentum in three different ways:
Normalized Momentum
Identifies when the current price reaches a new high or low compared to a historical window. This is the most standardized measurement and adapts well across markets.
Normalized = Current Price ≥ Maximum Price in Lookback
Normalized = Current Price ≤ Minimum Price in Lookback
Relative Momentum
Measures the percentage difference between a fast and a slow moving average. This method helps capture acceleration, the rate at which momentum is building over time.
Relative = |Fast MA − Slow MA| ÷ Slow MA × 100
Absolute Momentum
Measures how far price has moved from the highest or lowest point within a defined lookback period.
Absolute = (Current Price − Lowest Price) ÷ Lowest Price × 100
Absolute = (Highest Price − Current Price) ÷ Highest Price × 100
Customization
The tool is customizable in terms of lookback period and thresholds to accommodate different trading styles and timeframes, allowing users to set criteria that align with specific hold times and momentum requirements. While the various calculations can be enabled, the tool is best used in isolation of each to visualize different momentum conditions.
Cari dalam skrip untuk "track"
Tremor Tracker [theUltimator5]Tremor Tracker is a volatility monitoring tool that visualizes the "tremors" of price action by measuring and analyzing the average volatility of the current trading range, working on any timeframe. This indicator is designed to help traders detect when the market is calm, when volatility is building, and when it enters a potentially unstable or explosive state by using a lookback period to determine the average volatility and highlights outliers.
🔍 What It Does
Calculates bar-level volatility as the percentage difference between the high and low of each candle.
Applies a user-selected moving average (SMA, EMA, or WMA) to smooth out short-term noise and highlight trends in volatility.
Compares current volatility to its long-term average over a configurable lookback period.
Dynamically colors each volatility bar based on how extreme it is relative to historical behavior:
🟢 Lime — Low volatility (subdued, ranging conditions)
🟡 Yellow — Moderate or building volatility
🟣 Fuchsia — Elevated or explosive volatility
⚙️ Customizable Settings
Low Volatility Limit and High Volatility Limit: Define the thresholds for color changes based on volatility's ratio to its average.
Volatility MA Length: Adjust the smoothing period for the volatility moving average.
Average Volatility Lookback: Set how many bars are used to calculate the long-term average.
MA Type: Choose between SMA, EMA, or WMA for smoothing.
Show Volatility MA Line?: Toggle the display of the smoothed volatility trendline.
Show Raw Volatility Bars?: Toggle the display of raw per-bar volatility with dynamic coloring.
🧠 Use Cases
Identify breakout conditions: When volatility spikes above average, it may signal the onset of a new trend or a news-driven breakout.
Avoid chop zones: Prolonged periods of low volatility often precede sharp moves — a classic “calm before the storm” setup.
Timing reversion trades: Detect overextended conditions when volatility is well above historical norms.
Adapt strategies by volatility regime: Use color feedback to adjust risk, position sizing, or strategy selection based on real-time conditions.
📌 Notes
Volatility is expressed as a percentage, making this indicator suitable for use across different timeframes and asset classes.
The tool is designed to be visually intuitive, so traders can quickly spot evolving volatility states without diving into raw numbers.
MACD Liquidity Tracker SystemMACD Liquidity Tracker System
🔹 Enhanced MACD with candle coloring, entry markers, and customizable signal logic.
🧠 Features:
This tool combines a color-coded MACD histogram with signal-based candle colors and small shape markers (🔼🔽) for clear market momentum and entry visualization.
📊 Visuals:
MACD Histogram (Sub-panel):
4 dynamic colors to show momentum direction:
🔹 Bright Blue = MACD > 0 & rising (strong bullish)
🔹 Dark Blue = MACD > 0 & falling (weakening bullish)
🔹 Bright Magenta = MACD < 0 & falling (strong bearish)
🔹 Dark Magenta = MACD < 0 & rising (weakening bearish)
Price Candles (Main Chart):
🔹 Bright Blue = Active Long signal
🔹 Bright Magenta = Active Short signal
Entry Markers:
🔼 Blue triangle (below candle) = Start of Long
🔽 Magenta triangle (above candle) = Start of Short
⚙️ System Types (select in settings):
Normal:
🔹 Long = MACD > 0
🔹 Short = MACD < 0
Fast: (Based on histogram color)
🔹 Long = Bright Blue OR Dark Magenta
🔹 Short = Dark Blue OR Bright Magenta
Safe:
🔹 Long = Only Bright Blue
🔹 Short = All other colors
🔔 Alerts:
Alerts trigger only on the first bar of a new Long/Short signal.
Easy to set up using TradingView’s alert system.
📌 How to Use:
Add the indicator to your chart
Open settings and select a System Type
Adjust MACD parameters if needed
Use histogram color + candle color for momentum and signal confirmation
Set alerts for clean entries if desired
💡 Ideal for traders seeking visual clarity and flexible MACD-based strategies.
ATH & 52-Week High Tracker### **Indicator Name: ATH & 52-Week High Tracker**
📌 **Description:**
This indicator provides a **real-time table** displaying key stock statistics to help traders analyze price levels relative to historical highs. It includes:
✔️ **All-Time High (ATH)** price
✔️ **% Change from ATH**
✔️ **52-Week High** price
✔️ **% Change from 52-Week High**
By using this indicator, traders can quickly identify how far a stock has retraced from its **historical peaks**, which can be useful for momentum trading, breakout strategies, and trend analysis.
📊 **What You Get with This Indicator:**
✅ A clear **visual table** with important stock data
✅ Quick reference to **historical price levels**
✅ Helps in identifying potential **breakout or recovery zones**
✅ Useful for both **intraday and swing traders**
⚠️ **Disclaimer:**
This indicator is for **informational purposes only** and should not be considered **financial advice, a trading strategy, or a buy/sell signal.** Always conduct your own analysis and risk management before making trading decisions. 🚀📈
Let me know if you need any refinements! 😊
Mongoose Market Tracker
**Mongoose Market Tracker**
The **Mongoose Market Sentinel** script is a custom indicator designed to help traders identify unusual market activity that may indicate potential manipulation. This script uses dynamic volume and price action analysis to highlight areas where sudden spikes in volume or irregular candle structures occur.
### Features:
- **Volume Spike Detection**: Flags areas where trading volume significantly deviates from the average, potentially signaling manipulation or abnormal market behavior.
- **Wick-to-Body Ratio Analysis**: Detects candles with disproportionate wicks compared to their bodies, which may indicate price manipulation or liquidity hunting.
- **Auto-Adjusting Thresholds**: Automatically optimizes detection parameters based on the selected time frame, making it suitable for both short-term and long-term analysis.
- **Visual Alerts**: Highlights suspicious activity directly on the chart with clear labels and background coloring, designed for easy readability in dark mode.
- **Customizable Alerts**: Allows users to set notifications for flagged events, ensuring timely awareness of potential risks.
### Intended Use:
This script is a tool for monitoring market behavior and is not a standalone trading strategy. Traders should use it as a supplementary analysis tool alongside other indicators and market knowledge. Always conduct your own research and practice risk management when making trading decisions.
Bitcoin Pi Cycle TrackerThe Bitcoin Pi Cycle Tracker is based on the widely recognized Pi Cycle Top Indicator, a concept used to identify potential market cycle tops in Bitcoin's price. This implementation combines the 111-day Simple Moving Average (SMA) and the 350-day SMA (multiplied by 2) to detect key crossover points. When the 111-day SMA crosses above the 350-day SMA x2, it signals a potential market peak.
Key Features:
Plots the 111-day SMA (blue) and the 350-day SMA x2 (red) for clear visualization.
Displays visual markers and vertical lines at crossover points to highlight key moments.
Sends alerts for crossovers, helping traders stay ahead of market movements.
This tool is an implementation of the Pi Cycle concept originally popularized by Bitcoin market analysts. Use it to analyze historical price cycles and prepare for significant market events. Please note that while the Pi Cycle Indicator has been historically effective, it should be used alongside other tools for a comprehensive trading strategy.
Indices Tracker and VOLD-Market BreadthThis is an overlay displaying DOW, Nasdaq and S&P performance for the day in real-time along with NQ and NYSE market breadth display.
Overview of the Script:
The Dow, Nasdaq, S&P Tracker section is at the top, displaying the current index values, changes, and colors.
The VOLD-Market Breadth section is below, providing the market breadth information.
Helpful to get a market view while trading stocks or options directionally.
F.B_Double Hull Moving Average Trend TrackerThe F.B_Double Hull Moving Average Trend Tracker indicator is designed to identify market trends and is based on two Hull Moving Averages.
The "Hull Moving Average" (HMA) is a fast and smooth moving average that exhibits a rather unique behavior. The HMA attempts to completely remove lag while simultaneously presenting smoother results.
The first derivative is calculated for each HMA 1 and HMA 2.
If HMA 1 derivative > 0 and HMA 2 derivative > 0, then color the HMA lines and bar color green.
If HMA 1 derivative < 0 and HMA 2 derivative < 0, then color the HMA lines and bar color red.
If the slope of the derivative is different between HMA 1 and HMA 2, then color the HMA lines and bar color gray.
Meaning of colors:
Green ⇒ Uptrend
Gray ⇒ Price consolidation, trend weakness, or correction
Red ⇒ Downtrend
Best used in conjunction with additional indicators.
Peak and Trough Tracker by Mustafa KAPUZPeak and Trough Tracker
This indicator identifies the highest and lowest prices reached in two user-defined time periods. It then draws two lines connecting these peak and trough points. The purple line represents the connection between the highest prices, while the aqua line represents the relationship between the lowest prices. Both lines extend into the future and past, providing insights into potential support and resistance levels.
How to Use:
Add the indicator to your chart.
Enter two time periods.
Analyze the lines connecting peak and trough points.
This tool helps visually understand the market's key turning points and adjust your investment strategy based on these insights.
Zirve ve Dip Noktaları İzleyici
Bu indikatör, kullanıcı tarafından belirlenen iki zaman periyodunda piyasanın ulaştığı en yüksek ve en düşük fiyatları tespit eder. Ardından, bu zirve ve dip noktalarını birleştiren iki çizgi çizer. Mor çizgi, en yüksek fiyatlar arasındaki bağlantıyı gösterirken; aqua çizgi, en düşük fiyatlar arasındaki ilişkiyi temsil eder. Her iki çizgi de geleceğe ve geçmişe doğru uzanarak, potansiyel destek ve direnç seviyeleri hakkında fikir verir.
Kullanımı:
İndikatörü grafik üzerine ekleyin.
İki zaman periyodu girin.
Zirve ve dip noktalarını birleştiren çizgilerin analizini yapın.
Bu araç, piyasanın önemli dönüm noktalarını görsel olarak anlamanıza ve yatırım stratejinizi bu bilgilere göre ayarlamanıza yardımcı olur.
Progressive Trend TrackerProgressive Trend Tracker (PTT) is a development combining Bollinger Bands with Highest Highs and Lowest Lows by K.Hasan Alpay & Anıl Özekşi.
Bollinger Bands have originally 3 lines: Simple Moving Average (Middle Line), Upper Band and Lower Band.
PTT concentrates on the upper and lower Bollinger band lines.
First, it calculates the bands using the Highest & Lowest prices in a period of time (Faster period and period) instead of closing prices.
Then, PTT takes the lowest values of the calculated upper band and, conversely, the highest values of the calculated lower band in a Slower period.
Default values:
Faster Period: 5
Period: 5
Bollinger Band Moving Average Period: 2
Slower Period: 10
These values are designed for daily time frame, so they have to be optimized in other timeframes by the user. (Ex: Higher values can be considered in lower time frames)
One more significant difference considering original Bollinger Bands is that PTT uses VIDYA (Variable Dynamic Moving Average = VAR) in the calculation instead of a Simple Moving Average.
Bollinger Bands cannot create significant BUY & SELL signals considering their original logic, but the primary purpose of PTT is to have substantial trading signals:
BUY when the price crosses above the PTT Lower line (cyan line)
STOP when the price crosses back below the PTT Lower line (cyan line)
SELL when the price crosses below the PTT Upper line (cyan line)
STOP when the price crosses back above the PTT Upper line (cyan line)
Developer Anıl Özekşi advises that traders may have more accurate signals when using a short-period moving average instead of closing prices, so I added the VIDYA moving average with the same default length ( 2 ), which is used in Bollinger Bands calculation. You can check the "SHOW MOVING AVERAGE?" box on the settings tab of the indicator.
FlexiMA Variance Tracker [presentTrading]🔶 Introduction and How it is Different
The FlexiMA Variance Tracker (FlexiMA-VT) represents a novel approach in technical analysis, distinctively standing out in the realm of financial market indicators. It leverages the concept of a variable Length Moving Average (MA) to create a versatile and dynamic oscillator. Unlike traditional oscillators that rely on a fixed-length MA, the FlexiMA-VT adapts to market conditions by varying the length of the MA, offering a more responsive and nuanced view of market trends. (*The achieved method took reference from SuperTrend Polyfactor Oscillator)
This innovative design allows the FlexiMA-VT to capture a broader spectrum of market movements, making it highly effective in diverse trading environments. Whether in stable or volatile markets, its adaptability ensures consistent relevance, providing traders with deeper insights into potential market swings.
The proposed oscillator accentuates several key aspects through a distinctive mesh of bars, which are derived from the differences between the price and a set of 20 Moving Averages, each altered by varying factors. The intensity of the mesh's colors serves as an indicator, with brighter hues signifying a greater convergence of Moving Average signals.
Starting Length = 5
Starting Length = 40
🔶 Strategy, How it Works: Detailed Explanation
1. Core Concept:
The FlexiMA-VT operates by comparing the price or an average value (indicator source) against a set of moving averages with varying lengths.
These lengths are dynamically adjusted through a starting factor and multiple increment factors, ensuring a comprehensive analysis over different time scales.
2. Normalization and Standard Deviation Calculation:
Once deviations are calculated, they undergo a normalization process, which can be set to 'None', 'Max-Min', or 'Absolute Sum'.
This step is crucial as it standardizes the deviations, allowing for a consistent scale of comparison.
The standard deviation of these normalized deviations is then calculated, offering insights into the market’s volatility and potential trend strength.
🔹Normalization
3. Median Value and Oscillator Creation:
The median of the normalized deviations forms the core of the FlexiMA-VT oscillator.
This median value provides a balanced central point, reflecting the consensus of various MA lengths.
The standard deviation bands plotted around the median enhance the interpretative power of the oscillator, indicating potential overbought or oversold conditions.
4. Multi-Factor Analysis:
The FlexiMA-VT uses multiple increment factors to generate a range of MAs, each factor representing a different scale of trend analysis.
By averaging the results from these different scales, the FlexiMA-VT forms a more comprehensive and reliable oscillator.
🔹Consensus
5. Practical Application:
Traders can use the FlexiMA-VT for various purposes, including identifying trend reversals, gauging market momentum, and determining overbought or oversold conditions.
Its dynamic nature makes it adaptable to different trading strategies, from short-term scalping to long-term position trading.
🔶 Settings
1. Indicator Source (indicatorSource): Determines the base data for calculations, typically a price average (HLC3).
2. Indicator Length (indicatorLength): Sets the base length for Moving Averages, influencing initial calculations.
3. Starting Factor (startingFactor): Initial multiplier for MA length, impacting the starting point of analysis.
4. Increment Factors (incrementFactor_1, incrementFactor_2, incrementFactor_3): Modulate the rate of change in MA lengths, adding variability.
5. Normalization Method (normalizeMethod): Standardizes deviations, with methods like 'Max-Min' and 'Absolute Sum' for comparability.
Position TrackerEnter your purchase price & the quantity.
It'll display a line at that value, with a label indicating the current gain/loss
Volatility Gap TrackerThe Volatility Gap Tracker ( *VGT ) indicator calculates the historical volatility of an asset using the standard deviation of the natural logarithm of the closing price relative to the previous period's closing price. *VGT visualizes the HV with gap lines to highlight when the current HV has increased or decreased significantly compared to the previous period, and adds labels to show the HV value for each of those bars.
Low HV calculated by *VGT can potentially signify a potential move up or down in the price of an asset. When HV is low, it indicates that the price of the asset has been relatively stable or range-bound over the specified period of time. This can sometimes be a precursor to a significant move in either direction, as the price may be building up energy to break out of its range.
*VGT can be used for any market that TradingView supports, including stocks, forex, and cryptocurrencies. It is especially useful for traders who want to identify periods of high volatility or sudden changes in volatility , which can indicate potential trading opportunities or risks. However, it's important to note that HV is a historical measure and may not always accurately predict future volatility .
The indicator can be used under various market conditions, but is especially useful during periods of high volatility , such as market crashes or major news events. It can also be useful for traders who want to monitor the volatility of specific stocks or assets over a longer period of time.
*VGT is provided for informational purposes only and is not a guarantee of future performance or accuracy. Traders should use multiple indicators and analysis methods to make informed trading decisions. Trading involves risks and traders should always conduct their own research and analysis before making any investment decisions.
Volatility Trackerhi there, fellows.
this is a very simple and quite straightforward indicator.
so far the simplest we've built.
on what it does
in regard to current chart and timeframe it plots
a. Open - Close as a percentage of the Open (we regard open as more relevant than close, for as you can use latest estimates in current candle) in daily change coloring (so one may have an idea if there is a trend or sideways move unfolding)
b. High - Low as a percentage of the Open, so one may compare extreme moves with final ones in the period
c. Volume as a percentage distance from its WMA200 (always this one, a way better reference for normalcy). (e. g. a positive value x means Volume is x% above its WMA200)
on what it means
to the best of our imperfect and incomplete understanding, we believe that low volatility periods lead to high volatility periods, so one might want to enter the market in low volatility periods to enjoy wild rides afterwards. such a trade of course would be, for the sake of making sense, a long volatility one.
the timing for entrance could be once that the volatility waves fades to chart minimums.
we're open to critics, suggestions and comments.
best regards.
STD Stepped Ehlers Optimal Tracking Filter MTF w/ Alerts [Loxx]STD Stepped Ehlers Optimal Tracking Filter MTF w/ Alerts is the traditional Ehlers Optimal Tracking Filter but with stepped price levels, access to multiple time frames, and alerts.
What is Ehlers Optimal Tracking Filter?
From "OPTIMAL TRACKING FILTERS" by John Ehlers:
"Dr. R.E. Kalman introduced his concept of optimum estimation in 1960. Since that time, his technique has proven to be a powerful and practical tool. The approach is particularly well suited for optimizing the performance of modern terrestrial and space navigation systems. Many traders not directly involved in system analysis have heard about Kalman filtering and have expressed an interest in learning more about it for market applications. Although attempts have been made to provide simple, intuitive explanations, none has been completely successful. Almost without exception, descriptions have become mired in the jargon and state-space notation of the “cult”.
Surprisingly, in spite of the obscure-looking mathematics (the most impenetrable of which can be found in Dr. Kalman’s original paper), Kalman filtering is a fairly direct and simple concept. In the spirit of being pragmatic, we will not deal with the full-blown matrix equations in this description and we will be less than rigorous in the application to trading. Rigorous application requires knowledge of the probability distributions of the statistics. Nonetheless we end with practically useful results. We will depart from the classical approach by working backwards from Exponential Moving Averages. In this process, we introduce a way to create a nearly zero lag moving average. From there, we will use the concept of a Tracking Index that optimizes the filter tracking for the given uncertainty in price movement and the uncertainty in our ability to measure it."
Included:
-Standard deviation stepping filter, price is required to exceed XX deviations before the moving average line shifts direction
-Selection of filtering based on source price, the moving average, or both; you can also set the Filter deviations to 0 for no filtering at all
-Toggle on/off bar coloring
-Toggle on/off signals
-Long/Short alerts
Profit Loss TrackerIt's a simple profit loss tracker for up to 10 symbols. A concise panel displays all your positions, whether if they're in profit or loss, and what percentage.
Text size and box position can be adjustable.
Stochastic Optimized Trend Tracker *Strategy*Stochastic OTT is Anıl Özekşi's latest derived version of Optimized Trend Tracker on Stochastic Oscillator.
He tried to solve the fake signals of Stochastic Oscillator by adopting OTT on the indicator.
He advised users to set the stochastic smoothing parameters to 500 and 200 on his latest video about SOTT.
He personally uses 1 min charts on stock market so the parameters of the indicator might have to be optimized for other time frames nad markets.
He exaggerated the Stochastic to 1000's to have better signals of percent values of OTT .
Also hes used VIDYA in both calculations of OTT and Stochastic smoothing.
Said, Kıvanç Özbilgiç.
I just made a Strategy version of the script so that we lads can backtest it. The codes for that are yet again from Kıvanç Özbilgiç :) I just copy-pasted a few and did some adjustments. Hope you enjoy!
#betonyetmez
Position Tracker by KrisWatersPosition tracker helps you to know "Stop" and "Take Profit" prices with provided "Entry Price" data. You can use on Long and Short setups.
Optimized Trend Tracker BandsDerived from Anıl Özekşi's Optimized trend tracker Indicator OTT:
by himself on his last youtube video with subtitles.
OTT Bands tries to determine accurate support and resistance levels after users manually set the 2 optimization coefficients (for UPPER AND LOWER BANDS) just by having the highest and lowest price levels inside the OTT Bands.
After that user can enjoy the fibonacci coefficiented levels just by selecting from indicator settings.
A message from the developer Anıl Özekşi to all traders:
"Hope you are always on the winning side ..."
Kıvanç Özbilgiç
[blackcat] L2 Price Envelope TrackerLevel: 2
Background
Price envelopes sare shown at a set percentage above and below a moving average. They are used to indicate overbought and oversold levels and can be traded individually or in conjunction with a momentum indicator.
Function
L2 Price Envelope Tracker is an innovative indicator that use customized envelope of price to disclose overbought and oversold periods. With this function, long and short entries can be further developped in this pine script.
Key Signal
sma5 --> typical price moving average line
resistance --> upper envelope as resistance line
support ---> lower envelope as support line
Pros and Cons
Pros:
1. easy observe overbought and oversold zone
2. disclose exact long and short entries in overbought and oversold zones
Cons:
1. Only applicable for the trading pairs that support financial() functions. crypto/xau/xag/indice are not applicable
2. Need to tune r1 and s1 for different trading pairs
Remarks
NA
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
L1 Whale Tracker Radar v1Level: 1
Background
One of the biggest differences between cryptocurrency and traditional financial markets is that cryptocurrency is based on blockchain technology. Individual investors can discover the direction of the flow of large funds through on-chain transfers. These large funds are often referred to as Whale. Whale can have a significant impact on the price movements of cryptocurrencies, especially Bitcoin . Therefore, how to monitor Whale trends is of great significance both in terms of fundamentals and technical aspects.
Function
By modeling the behavior of Whale and individuals, L1 Whale Tracker Radar script can not only simply describe the behavior trends of Whale and individuals, but also generate some simple buying and selling points.
Key Signal
selradar indicates top region is reached.
buyradar indicates bottom region is reached.
buy is the long/xshort entry point suggested.
sell is the short/xlong entry point suggested.
Pros and Cons
Pros:
1. Detect Whale pump and trend.
2. Not a mature and accurate buy and sell script but provide alerts of Whale movements.
3. When it resonante with Buy signal, it has higher confidence level.
Cons:
1. Only use simple moving average to depict Whale behaviors so some info may be missing.
2. It is sensitive and may have noise inside and generate fake signal. BINANCE:BTCUSDT
Remarks
You can use this to confirm blockchain large fund transfer activities. E.g. Large amount of USDT flows into large exchanges.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[A618] Trend Tracker using Chandelier StopTrend Tacker
Works on ATR concepts and uses "Chandelier Stop by pipCharlie" as its main engine
How it is calculated
> 2 ATR stop plots are plotted
> #one ATR stop is of current time frame
> other one is the 5 times multiple of the current timeframe
> Their crossovers are analysed with the close of Current Timeframe
> This sort of methodology can help one with generating consistent entry signals over a particular timeframe
> My timeframe of choice is : 5 mins
> I have used resolution of 25, for 5 mins (see 5*5 =25)
Credits:
Chandelier Stop by pipCharlie
Hope this helps!!!
Optimized Trend Tracker - Strategy VersionA brand new indicator from the developer of MOST (Moving Stop Loss) indicator Anıl Özekşi.
Optimized Trend Tracker OTT is an indicator that provides traders to find an existing trend or in another words to ser which side of the current trend we are on.
The original indicator was coded and published by Kıvanç Özbilgiç. You can access it from this link:
I transformed the indicator into a strategy and made some changes:
- You can run two different strategies. In the Settings section, you can test two different strategies, "Support Line Crossing Signals" and "Price / OTT Crossing Signals".
- Fixed the issue where BUY/SELL labels from the indicator script would hang in the air.
- I added a setting where you can hide BUY/SELL labels if you want.
- I painted the bars for BUY/SELL states, you can open and close in the settings section.
- As I do with every strategy script, I added a start and end date for the strategy test. You can specify the range you want to see working in the Settings section.
In addition, there were cases when the OTT line was reduced to zero in non-voluminous symbols; I changed this situation by making a small change in the code. I asked Kıvanç about the subject, I can update according to his answer.
Note : Strategy BUY / SELL tags and indicator BUY / SELL tags do not operate in the same bar because indicator tags are added when the next bar occurs. If you replay bars, you can observe label formations.
TÜRKÇE AÇIKLAMA
Orjinal indikatör Kıvanç Özbilgiç tarafından kodlanmış ve yayımlanmıştır. Bu linkten erişebilirsiniz:
İndikatörü strateji dönüştürdüm ve bazı değişiklikler yaptım:
- İki farklı strateji çalıştırabilirsiniz. Ayarlar kısmında Condition bölümünde "Support Line Crossing Signals" ve "Price/OTT Crossing Signals" olarak iki farklı stratejiyi test edebilirsiniz.
- İndikatör scriptinden gelen BUY/SELL etiketlerinin havada durması sorununu düzelttim.
- İsterseniz BUY/SELL etiketleri gizleyebileceğiniz bir ayar ekledim.
- BUY/SELL durumları için barları boyadım, ayarlar bölümünden açıp kapatabilirsiniz.
- Her strateji scriptinde yaptığım gibi, strateji testi için başlangıç ve bitiş tarihi ekledim. Ayarlar bölümünden çalışmasını görmek istediğiniz aralığı belirleyebilirsiniz.
- Ek olarak hacimsiz sembollerde OTT çizgisinin sıfıra indiği durumlar mevcuttu; kodda ufak bir değişiklik yaparak bu durumu değiştirdim. Kıvanç Bey'e konu ile ilgili soru sordum, cevabına göre güncelleme yapabilirim.
Not : Strateji BUY/SELL etiketleri ile indikatör BUY/SELL etiketleri aynı barda işlem yapmamaktadır çünkü indikatör etiketleri kendisinden sonraki bar oluşunca eklenmektedir. Barları replay yaptırırsanız oluşumlarını gözlemleyebilirsiniz.
