Order Blocks v2Order Blocks v2 – Smart OB Detection with Time & FVG Filters
Order Blocks v2 is an advanced tool designed to identify potential institutional footprints in the market by dynamically plotting bullish and bearish order blocks.
This indicator refines classic OB logic by combining:
Fractal-based break conditions
Time-level filtering (Power of 3)
Optional Fair Value Gap (FVG) confirmation
Real-time plotting and auto-invalidation
Perfect for traders using ICT, Smart Money, or algorithmic timing models like Hopplipka.
🧠 What the indicator does
Detects order blocks after break of bullish/bearish fractals
Supports 3-bar or 5-bar fractal structures
Allows OB detection based on close breaks or high/low breaks
Optionally confirms OBs only if followed by a Fair Value Gap within N candles
Filters OBs based on specific time levels (3, 7, 11, 14) — core anchors in many algorithmic models
Automatically deletes invalidated OBs once price closes through the zone
⚙️ How it works
The indicator:
Tracks local fractal highs/lows
Once a fractal is broken by price, it backtracks to identify the best OB candle (highest bullish or lowest bearish)
Validates the level by checking:
OB type logic (close or HL break)
Time stamp match with algorithmic time anchors (e.g. 3, 7, 11, 14 – known from the Power of 3 concept)
Optional FVG confirmation after OB
Plots OB zones as lines (body or wick-based) and removes them if invalidated by a candle close
This ensures traders see only valid, active levels — removing noise from broken or out-of-context zones.
🔧 Customization
Choose 3-bar or 5-bar fractals
OB detection type: close break or HL break
Enable/disable OBs only on times 3, 7, 11, 14 (Hopplipka style)
Optional: require nearby FVG for validation
Line style: solid, dashed, or dotted
Adjust OB length, width, color, and use body or wick for OB height
🚀 How to use it
Add the script to your chart
Choose your preferred OB detection mode and filters
Use plotted OB zones to:
Anticipate price rejections and reversals
Validate Smart Money or ICT-based entry zones
Align setups with algorithmic time sequences (3, 7, 11, 14)
Filter out invalid OBs automatically, keeping your chart clean
The tool is useful on any timeframe but performs best when combined with a liquidity-based or time-anchored trading model.
💡 What makes it original
Combines fractal logic with OB confirmation and time anchors
Implements time-based filtering inspired by Hopplipka’s interpretation of the "Power of 3"
Allows OB validation via optional FVG follow-up — rarely available in public indicators
Auto-cleans invalidated OBs to reduce clutter
Designed to reflect market structure logic used by institutions and algorithms
💬 Why it’s worth using
Order Blocks v2 simplifies one of the most nuanced parts of SMC: identifying clean and high-probability OBs.
It removes subjectivity, adds clear timing logic, and integrates optional confluence tools — like FVG.
For traders serious about algorithmic-level structure and clean setups, this tool delivers both logic and clarity.
⚠️ Important
This indicator:
Is not a signal generator or financial advice tool
Is intended for experienced traders using OB/SMC/time-based logic
Does not predict market direction — it provides visual structural levels only
Smart
Support and Resistance Power Channel [ChartPrime]The Support and Resistance Power Channel indicator helps traders visualize key support and resistance zones, along with buy and sell power within those zones. By identifying the highest and lowest prices within a defined range, this indicator provides insight into potential price reversals and market strength. It calculates the strength of buy and sell pressure within the zones and includes additional features like midline values and delayed signals to reduce false breakouts.
⯁ KEY FEATURES AND HOW TO USE
⯌ Support and Resistance Zones :
This indicator identifies dynamic support (lower zone) and resistance (upper zone) levels, allowing traders to easily visualize key price levels. These zones are customizable with settings for the length of the channel and how far the zones extend into the future. The zones can be used to predict areas of potential price reversal or consolidation.
⯌ Buy and Sell Power :
Within the upper resistance zone, the indicator calculates Sell Power based on the number of bearish candles, while the lower support zone calculates Buy Power based on bullish candles. This feature helps traders understand the strength of buying or selling activity within each zone.
Example of buy and sell power tracking:
⯌ Highest, Lowest, and Mid Price Levels :
The indicator marks the highest and lowest price levels within the channel with an "X," and displays these values at the end of the channel. Additionally, the midline (average of the high and low) is plotted with a dotted line, showing a key area that the price often retests during trends.
⯌ Delayed Signal Markers :
To prevent false breakouts, the indicator includes a 2-bar delay for signals. These signals are plotted when the price crosses above or below the resistance or support zones, confirming potential reversals or breakouts. Arrows or diamonds are used to mark these signals on the chart.
Example of delayed breakout signals on the chart:
⯌ Extend Zones into the Future :
In the settings, traders can extend the support and resistance zones further into the future, allowing for ongoing analysis even after the initial levels have been identified. This feature can help with forward-looking trade planning.
⯁ USER INPUTS
Length : Defines the number of bars used to calculate the support and resistance zones.
Extend : Sets how far the support and resistance zones should be extended into the future.
Top and Bottom Colors : Allows customization of the colors for the support and resistance zones.
⯁ CONCLUSION
The Support and Resistance Power Channel indicator provides a powerful and visually intuitive way to track key market levels, buy and sell pressure, and potential reversals. With its real-time zone plotting and the calculation of power within each zone, it offers traders essential insights for making more informed trading decisions.
FVG Candle HighlighterThis indicator highlights only the true Fair Value Gap (FVG) creator candle — the middle candle in a 3-bar FVG formation — with zero clutter.
🔹 Bullish FVG: Candle is colored if price gaps above the high two bars back
🔹 Bearish FVG: Candle is colored if price gaps below the low two bars back
✨ No boxes. No zones. Just pure, visual price-action accuracy.
🔧 Powered by Pine Script v6
🧠 Based on institutional-style FVG logic
🎯 Ideal for Smart Money / ICT / Order Block strategies
TrendSync Pro (SMC)📊 TrendSync Pro (SMC) – Advanced Trend-Following Strategy with HTF Alignment
Created by Shubham Singh
🔍 Strategy Overview
TrendSync Pro (SMC) is a precision-based smart trend-following strategy inspired by Smart Money Concepts (SMC). It combines: Real-time pivot-based trendline detection
Higher Time Frame (HTF) filtering to align trades with dominant trend
Risk management via adjustable Stop Loss (SL) and Take Profit (TP)
Directional control — trade only bullish, bearish, or both setups
Realistic backtesting using commissions and slippage
Pre-optimized profiles for scalpers, intraday, swing, and long-term traders
🧠 How It Works:
🔧 Strategy Settings Image:
beeimg.com
The strategy dynamically identifies trend direction by using swing high/low pivots. When a new pivot forms: It draws a trendline from the last significant pivot
Detects whether the trend is up (based on pivot lows) or down (based on pivot highs)
Waits for price to break above/below the trendline
Confirms with HTF price direction (HTF close > previous HTF close = bullish)
Only then it triggers a long or short trade
It exits either at TP, SL, or a manual trendline break
🛠️ Adjustable Parameters:
Trend Period: Length for pivot detection (affects sensitivity of trendlines)
HTF Timeframe: Aligns lower timeframe entries with higher timeframe direction
SL% and TP%: Customize your risk-reward profile
Commission & Slippage: Make backtests more realistic
Trade Direction: Choose to trade: Long only, Short only, or Both
🎛️ Trade Direction Control:
In settings, you can choose: Bullish Only: Executes only long entries
Bearish Only: Executes only short entries
Both: Executes both long and short entries when conditions are met
This allows you to align trades with your own market bias or external analysis.
📈 Entry Logic: Long Entry:
• Price crosses above trendline
• HTF is bullish (HTF close > previous close)
• Latest pivot is a low (trend is considered up)
Short Entry:
• Price crosses below trendline
• HTF is bearish (HTF close < previous close)
• Latest pivot is a high (trend is considered down)
📉 Exit Logic: Hit Take Profit or Stop Loss
Manual trendline invalidation: If price crosses opposite of the trend direction
⏰ Best Timeframes & Recommended Settings:
Scalping (1m to 5m):
HTF = 15m | Trend Period = 7
SL = 0.5% | TP = 1% to 2%
Intraday (15m to 30m):
HTF = 1H | Trend Period = 10–14
SL = 0.75% | TP = 2% to 3%
6 Hour Trading (30m to 1H):
HTF = 4H | Trend Period = 20
SL = 1% | TP = 4% to 6%
Swing Trading (4H to 1D):
HTF = 1D | Trend Period = 35
SL = 2% | TP = 8% to 12%
Long-Term Investing (1D+):
HTF = 1W | Trend Period = 50
SL = 3% | TP = 15%+
Note: These are recommended base settings. Adjust based on volatility, asset class, or personal trading style.
📸 Testing Note:
beeimg.com
TradingView limits test length to 20k bars (~40 trades on smaller timeframes). To show long-term results: Test on higher timeframes (e.g., 1H, 4H, 1D)
Share images of backtest result in description
Host longer test result screenshots on Imgur or any public drive
📍 Asset Behavior Insight:
This strategy works on multiple assets, including BTC, ETH, etc.
Performance varies by trend strength:
Sometimes BTC performs better than ETH
Other times ETH gives better results
That’s normal as both assets follow different volatility and trend behavior
It’s a trend-following setup. Longer and clearer the trend → better the results.
✅ Best Practices: Avoid ranging markets
Use proper SL/TP for each timeframe
Use directional filter if you already have a directional bias
Always forward test before going live
⚠️ Trading Disclaimer:
This script is for educational and backtesting purposes only. Trading involves risk. Always use risk management and never invest more than you can afford to lose.
Imbalance(FVG) DetectorImbalance (FVG) Detector
Overview
The Imbalance (FVG) Detector is a technical analysis tool designed to highlight price inefficiencies by identifying Fair Value Gaps (FVGs). These gaps occur when rapid price movement leaves an area with little to no traded volume, which may later act as a zone of interest. The indicator automatically detects and marks these imbalances on the chart, allowing users to observe historical price behavior more effectively.
Key Features
- Automatic Imbalance Detection: Identifies bullish and bearish imbalances based on a structured three-bar price action model.
- Customizable Sensitivity: Users can adjust the minimum imbalance percentage threshold to tailor detection settings to different assets and market conditions.
- Real-time Visualization: Marked imbalances are displayed as colored boxes directly on the chart.
- Dynamic Box Updates: Imbalance zones extend forward in time until price interacts with them.
- Alert System: Users can set alerts for when new imbalances appear or when price tests an existing imbalance.
How It Works
The indicator identifies market imbalances using a three-bar price structure:
- Bullish Imbalance: Occurs when the high of three bars ago is lower than the low of the previous bar, forming a price gap.
- Bearish Imbalance: Occurs when the low of three bars ago is higher than the high of the previous bar, creating a downward gap.
When an imbalance is detected:
- Green Boxes indicate bullish imbalances.
- Red Boxes indicate bearish imbalances.
- Once price interacts with an imbalance, the box fades to gray, marking it as tested.
! Designed for Crypto Markets
This indicator is particularly useful in crypto markets, where frequent volatility can create price inefficiencies. It provides a structured way to visualize gaps in price movement, helping users analyze historical liquidity areas.
Customization Options
- Min Imbalance Percentage Size: Adjusts the sensitivity of the imbalance detection.
- Alerts: Users can enable alerts to stay notified of new or tested imbalances.
Important Notes
- This indicator is a technical analysis tool and does not provide trading signals or financial advice.
- It does not predict future price movement but highlights historical price inefficiencies.
- Always use this tool alongside other market analysis methods and risk management strategies.
[COW] Day Percent LevelsThis indicator plots on your chart 2 levels, the daily percentage changes required to know by most prop firms and other exchanges. 5% is often a cutoff point for prop firm day traders and can get you banned if you trade past these levels. This indicator allows you to adjust the percentage as well as the lines and labels to your liking.
This is key when using prop firms as it is a level you must be aware of when trading. This can help you avoid being banned, your account being closed, or other disciplinary action based on trading past these levels.
Enjoy!
MTF Fractals [RunRox]🔽 MTF Fractals is a powerful indicator designed to visualize fractals from multiple timeframes directly on your chart, highlight liquidity sweeps at these fractal levels, and provide several additional features we’ll cover in detail below.
We created this indicator because we couldn’t find a suitable tool that met our specific needs on TradingView. Therefore, we decided to develop a valuable indicator for the entire TradingView community, combining simplicity and versatility.
⁉️ WHAT IS A FRACTALS?
In trading, a fractal is a technical analysis pattern composed of five consecutive candles, typically highlighting local market turning points. Specifically, a fractal high is formed when a candle’s high is higher than the highs of the two candles on either side, whereas a fractal low occurs when a candle’s low is lower than the lows of the two adjacent candles on both sides.
Traders use fractals as reference points for identifying significant support and resistance levels, potential reversal areas, and liquidity zones within price action analysis. Below is a screenshot illustrating clearly formed fractals on the chart.
📙 FRACTAL FORMATION
Here’s how fractals form depending on your chosen setting (3, 5, 7, or 9):
▶️ 3-bar fractal – forms when the central candle is higher (for highs) or lower (for lows) than one candle on each side.
▶️ 5-bar fractal – forms when the central candle is higher or lower than two candles on both sides.
▶️ 7-bar fractal – forms when the central candle is higher or lower compared to the three candles on each side.
▶️ 9-bar fractal – forms similarly but requires four candles on each side, making the fractal significantly more reliable and robust.
A higher number of bars ensures stronger fractal levels, highlighting more significant potential reversal points on the chart.
Now that we’ve covered the theory behind fractal formation, let’s explore the indicator’s functionality in more detail.
Below, I’ll explain each feature clearly and illustrate how you can effectively utilize this indicator in your trading.
🕐 MULTI-TIMEFRAME FRACTALS
We realized that displaying fractals only from the current timeframe isn’t always convenient, so we’ve introduced Multi-Timeframe Fractals into this indicator.
Now you can easily display fractals from higher timeframes directly on your current chart, providing you with broader market context and clearer trading signals.
Fractals from Current Timeframe – Fractals identified directly on the chart’s current timeframe.
Fractals from Higher Timeframes – Fractals sourced from higher timeframes and displayed clearly on your current chart for enhanced market perspective.
📈 FRACTAL LINES
Since fractals represent areas of high liquidity, we’ve added an option to extend fractal levels horizontally as Fractal Lines across your chart.
This feature allows you to clearly visualize critical liquidity areas from higher timeframes, directly on your current timeframe chart, as demonstrated in the screenshot below.
With this approach, you can clearly visualize significant fractal levels from higher timeframes directly on your current chart - for example, projecting fractals from the 1-hour (1H) timeframe onto a 3-minute (3m) chart. ✅ This helps you easily identify critical liquidity areas and potential reversal zones without the need to switch between multiple timeframes.
💰 LIQUDITY SWEEP (LIQUDITY GRAB)
To enhance your trading experience, we’ve introduced a feature that clearly identifies liquidity sweeps of fractal levels.
A Liquidity Sweep occurs when a candle closes beyond a fractal line, leaving a wick that pierces through it, signaling that liquidity has been collected at this level.
Below, you’ll find two examples illustrating this functionality:
▶️ Fractal lines from the current timeframe
▶️ Fractal lines projected from higher timeframes
The first example illustrates liquidity being swept from fractals on the current timeframe .
Here, the candle clearly closes beyond the fractal line, leaving a wick through it. This indicates a liquidity sweep at the fractal level, visually highlighting a potential reversal or continuation opportunity directly on your chart.
In the second example, fractals from the higher timeframe are projected onto your current chart.
When a candle on your current timeframe closes beyond an HTF fractal line - leaving a wick through this level - the indicator highlights it clearly. This signals to traders a potential reversal zone, indicating that liquidity has been swept, and price may reverse or significantly react from this area.
You can also enable the display of additional labels on the chart. These labels clearly mark liquidity sweeps at fractal levels, making it easier to visually identify potential reversal points directly on your chart.
⚙️ SETTINGS
Below are the indicator settings with detailed explanations for each parameter.
🔷 Bars in Fractal – Number of candles to the right and left required to form a fractal.
🔷 Fractal Timeframe – Select the timeframe from which you want to display fractals on the current chart.
🔷 Max Age, bars – Number of bars during which the fractal will remain active.
🔷 Show Fractal Line – Display or hide fractal lines.
🔷 Line Style – Choose the style of the line displayed on the chart.
🔷 Line Width – Thickness of the fractal line.
🔷 High Fractal – Style and color of bearish fractals.
🔷 Low Fractal – Style and color of bullish fractals.
🔷 Fractal Label Size – Select the size of fractal labels.
🔷 Show Sweep Labels – Option to display labels when a liquidity sweep occurs.
🔷 Label Color – Color and transparency of the area marked on the chart during a sweep.
🔷 Shade Sweep Area – Show or hide the sweep area shading.
🔷 Area Color – Color and transparency settings for the sweep area.
🔶 We’d love to hear your feedback and any suggestions for additional features you’d like to see in this indicator. We’ll be happy to consider your ideas and continue improving the indicator!
Smart Adaptive Signal SystemSmart Adaptive Signal System
Description: The Smart Adaptive Signal System is a sophisticated indicator that generates intelligent buy/sell signals by dynamically adapting to market conditions. It predicts target prices based on momentum and volatility, providing more accurate and reliable trading opportunities.
How It Works:
Dynamic Signal Generation: The system predicts target prices by considering factors such as volatility and momentum. This allows it to react instantly to trend changes and market fluctuations.
Adaptive Thresholds: Buy and sell signals are triggered with adaptive thresholds, adjusting according to market volatility. This ensures flexibility in the face of sudden market changes.
Trend-Based Reset: Users can choose to reset threshold values based on a time interval or trend change. This feature helps the system re-adapt to current market conditions for greater accuracy.
Target Price Prediction: Target prices are calculated using momentum and volatility, helping the system predict future price movements.
How to Use:
Buy/Sell Signals: The indicator generates buy and sell signals based on market conditions. Look for a "down arrow" for a buy signal and an "up arrow" for a sell signal on the chart.
Target Price Lines: Along with buy and sell signals, the system draws target price lines. This helps you visualize potential future price levels.
Flexible Settings: Users can customize analysis periods, minimum change percentages, and other parameters to fit their needs.
Features:
Dynamic buy and sell signals
Target price predictions
Volatility and momentum-based analysis
User-friendly and flexible settings
Trend-based adaptive resetting
Alerts: The Smart Adaptive Signal System responds quickly to sudden market changes, but always use it in conjunction with other indicators like support and resistance levels. Signal accuracy may vary depending on market conditions.
Market Structure Trend Targets [ChartPrime]The Market Structure Trend Targets indicator is designed to identify trend direction and continuation points by marking significant breaks in price levels. This approach helps traders track trend strength and potential reversal points. The indicator uses previous highs and lows as breakout triggers, providing a visual roadmap for trend continuation or mean reversion signals.
⯁ KEY FEATURES AND HOW TO USE
⯌ Breakout Points with Numbered Markers :
The indicator identifies key breakout points where price breaks above a previous high (for uptrends) or below a previous low (for downtrends). The initial breakout (zero break) is marked with the entry price and a triangle icon, while subsequent breakouts within the trend are numbered sequentially (1, 2, 3…) to indicate trend continuation.
Example of breakout markers for uptrend and downtrend:
⯌ Percentage Change Display Option :
Traders can toggle on a setting to display the percentage change from the initial breakout point to each subsequent break level, offering an easy way to gauge trend momentum over time. This is particularly helpful for identifying how far price has moved in the current trend.
Percentage change example between break points:
⯌ Dynamic Stop Loss Levels :
In uptrends, the stop loss level is placed below the price to protect against downside moves. In downtrends, it is positioned above the price. If the price breaches the stop loss level, the indicator resets, indicating a potential end or reversal of the trend.
Dynamic stop loss level illustration in uptrend and downtrend:
⯌ Mean Reversion Signals :
The indicator identifies potential mean reversion points with diamond icons. In an uptrend, if the price falls below the stop loss and then re-enters above it, a diamond is plotted, suggesting a possible mean reversion. Similarly, in a downtrend, if the price moves above the stop loss and then falls back below, it indicates a reversion possibility.
Mean reversion diamond signals on the chart:
⯌ Trend Visualization with Colored Zones :
The chart background is shaded to visually represent trend direction, with color changes corresponding to uptrends and downtrends. This makes it easier to see overall market conditions at a glance.
⯁ USER INPUTS
Length : Defines the number of bars used to identify pivot highs and lows for trend breakouts.
Display Percentage : Option to toggle between showing sequential breakout numbers or the percentage change from the initial breakout.
Colors for Uptrend and Downtrend : Allows customization of color zones for uptrends and downtrends to match individual chart preferences.
⯁ CONCLUSION
The Market Structure Trend Targets indicator offers a strategic way to monitor market trends, track breakouts, and manage risk through dynamic stop loss levels. Its clear visual representation of trend continuity, alongside mean reversion signals, provides traders with actionable insights for both trend-following and counter-trend strategies.
Ultra Smart TrailIntroduction
The Ultra Smart Trail indicator is a comprehensive tool for traders seeking to identify and follow market trends efficiently. Combining dynamic trend detection with adaptive price bands, this indicator simplifies the process of understanding market direction and strength. It provides clear visual cues and customizable settings, catering to both novice and experienced traders.
Detailed Description
The Ultra Smart Trail indicator works by calculating a Trend Flow Line (TFL) using a hybrid moving average technique. This TFL dynamically adjusts to market conditions, smoothing out price fluctuations while remaining responsive to significant market shifts.
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Trend Flow Line (TFL)
A color-coded line indicating bullish, bearish, or neutral trends based on price movement relative to the TFL.
The TFL uses a combination of weighted moving averages (WMA) and double-weighted moving averages (DWMA) for accuracy.
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Dynamic Price Bands
The indicator plots upper and lower bands around the TFL, based on customizable multipliers of standard deviation. These bands adapt dynamically to volatility, helping traders spot overbought or oversold conditions.
The script calculates standard deviation-based bands with customizable multipliers, enabling precise adjustment to trading styles or instruments.
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Uptrend/Downtrend Highlights
The background and price bands visually differentiate trending and ranging markets, making it easier to identify high-probability trade setups.
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Reversal Alerts
By analyzing the relationship between price and bands, the script highlights potential reversals or continuation zones with distinct levels and fills.
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This indicator is a powerful addition to any trader’s toolkit, simplifying market analysis and enhancing decision-making.
ADR/AWR/AMR Average Daily+Weekly+Monthly Range[Traders Reality]Advanced ADR/AWR/AMR indicator created for Traders Reality community, as well as the greater trading community.
Thanks to the TR community discord guys: infernix, peshocore and xtech5192
Everything is modular and can be turned on/off, including a customisable table showing daily/weekly/monthly average pips/dollars.
If you just want the average daily range lines for example, you can just disable everything else. You can choose how many days to look back; as well as for weeks or months.
Check out Traders Reality on YouTube if you want to see this implemented as part of Tino's strategy that utilizes market manipulation, imbalances, times of day etc.
Price regularly reverses from ADR, making it one of the few highly valuable indicators in price action/smart money trading.
Smart RebalanceThis script is based on the portfolio rebalancing strategy. It's designed to work with cryptocurrencies, but it can work with any market.
How portfolio rebalance works?
Let's assume your initial capital is $1000, and you want to distribute it into 4 coins. This script takes the USDT as the stable coin for the initial money, so in case you want other currency, the pairs must be with that fiat as the quote.
Following our example, you would take BTC, ETH, BNB, and FTT. After selecting the coins, it's time to choose how much allocation is on each. Let's put 25% on each. This way, $250 of our capital on each coin.
After selecting the coins and their allocation, you choose the price change ratio for rebalancing. Let's use 1%. Next, you start to watch the markets. The first thing that happens, following our example, is the BTCUSDT price moving 1% up.
That amount hit the ratio of 1% for the rebalance. Hence, you sell 1% of BTC for USDT and redistribute to the other coins, buying 0.25% of each currency to rebalance the portfolio.
Next, ETHUSDT goes 1% down, time to rebalance again. This time, you need to take 0.33% of each other coin and buy ETH, so this way, it's all divided as the chosen allocation.
Why use rebalancing?
Looks easy, right? It is, but very time demanding. Demands even more if you raise the number of coins you want to distribute. Having a system to do that automatically is a must to work efficiently. Rebalancing spreads the risk among multiple currencies. This way, you earn small when it goes up, but you lose small when it goes down.
What this script helps with portfolio rebalance?
This indicator will not buy/sell for you but will help you choose the best markets for your rebalancing. Which coin will work best in that period? Do I need to have more than 8 coins? How much must be my ratio? Those questions you can answer using this indicator.
What this script has?
Start and End dates
The script will work for a certain period. All calculations will be done in that period.
Coin Ratio %
The amount of price movement of each asset that will be used to calculate the rebalancing
Initial Capital and Broker Fee
The amount of capital to be used on the rebalancing and the broker fee you want to use the strategy. The cost will be applied on every trade, buying or selling the coins.
Assets, allocations, and colors
It's possible to select from 2 to 10 assets to be used on the portfolio. Each purchase must have the allocation %. Suppose the sum of the allocations is different from 100%. In that case, a warning message will appear on the chart instead of the statistics.
Panel and tooltips
There is a panel with a summary of the results
Set allocations automatically
There is an option to make the indicator use the daily asset volume from the day before to determine the allocation percentage of each asset. This option is better if you are unsure how much allocation you want to use on each coin.
Use this indicator as a backtest for your rebalancing strategy. The selected market on the chart will not affect the calculation on this indicator, but the time frame will. The higher the time frame, the higher the coin ratio % must be.
About the code
The code is written to use arrays to store the values of each asset, making the calculations on each candle inside the time range. The for-loops are used to reduce the code length and make it easy to change the analysis of all assets. Finally, the script has some comments on the code.
Smart AlertsThis indicator provides back-tested signals and alerts from multiple technical indicators.
No more guessing whether or not you should trust an indicator. See your indicators' past performance at a glance.
No more false alarms. Disable re-painting of signals.
When multiple indicators overlap, a Confluence indicator will print (large triangle). With your settings properly tuned, this will show a HIGH probability of a move.
Current Signal/Alert Options (more to come):
RSI Oversold
RSI Overbought
EMA Crossing Up
EMA Crossing Down
Buy Signal Confluence
Sell Signal Confluence
Instructions:
-Enable/disable individual indicators so you can fine tune one at a time
-Adjust the indicator's settings
-Adjust your trade parameters (Max Wait, Take Profit %). Signals that would have given the desired profit in the time allowed will be painted orange.
-Repeat this process with each indicator until you're satisfied
-Set-up alerts
Smart EMA SignalsThis indicator starts by plotting each time the price action crosses above or below the EMA, of which you can tune the timeframe and duration.
It then takes it a step further and plots whether or not that indicator would have given you a profitable trade, of which you can also tune the parameters (Max wait time, and % Profit).
Once you have your EMA tuned to your liking, set up alerts to notify you of a golden opportunity.
Smart Money Index (SMI)It came to my attention that one very common implementation of SMI was incorrect; rather than subtracting the first hour delta and adding the last hour delta it subtracts the whole day delta and adds the last 30m delta. While this indicator might have had some use, it is not what I understand to be the actual Smart Money Index and so I post this as a correction for use in other scripts.
[LunaOwl] 智慧型RSI (Smart RSI - a handy tool with less noise)Relative Strength Index is a common technical analysis tool, it is classified as a momentum oscillator, measuring the velocity and magnitude of directional price movements. it is most typically used on a 14-period timeframe, measured on a scale from 0 to 100, with high and low levels marked at 70 and 30.
相對強弱指標是常見的技術分析工具，它被歸類為動量振盪器，用於測量定向價格運動的速度和幅度，通常會使用14期數，擺盪範圍在0到100間，超買超賣分別標記成70、30。
after simple improvement and addition of logical judgment, it becomes a passive judge from subjective judgments, avoid the shortcomings of peoples in watching passivation, and the trade can be more consistent.
經過簡單的改良與添加邏輯判斷，能夠使RSI指標的使用，從主觀的判斷成為被動的確認指標，有效避免人們判斷指標鈍化的主觀缺失，並能夠使得交易更加一致。
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1) parameter
RSI period 1 - default is 14, same as general RSI.
RSI period 2 - default is 5, due to its own formula, the amplitude of the oscillator will become larger and more agile or fast. When the parameter is small.
exponential moving avg of RSI - using the result of RSI period 1 as the source of Ema's formula, the default length is 14, which can filter the excessive agility of RSI period 2 to reduce noise, and compared to using the baseline as the criterion for long and short judgments, The characteristics of exponential moving avg are more suitable to become flexible filtering standards.
Overbought - default is 70, you can set your overbought level.
Oversold - same as above, the default is 30.
2) Options
Open Candle color(開啟蠟燭線趨勢) - choose whether to start the color of the candle.
Open background color(開啟指標背景色) - the default is false, you can turn on.
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1. 設置參數
RSI期數1：預設值是14，是普通的RSI指標。
RSI期數2：預設值是5，由於RSI公式的算法，造成參數愈小擺盪幅度就會變大，反應比較快。
指數平均化的RSI期數1：將RSI期數1的結果帶入指數移動平均公式，預設值14，它能過濾RSI期數2過度敏捷的缺點，減少雜訊，相較於單純使用基準線作為多空判斷標準，用EMA的判斷標準更加因時制宜。
超買線：預設值是70，可以隨意調。
超賣線：預設值是30，一樣的。
2. 設定選項
開啟蠟燭線趨勢：顧名思義。已經幫您開好了。
開啟指標背景色：顏色太淺的話可以調深一點。
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ver.2- adjust new style design and create two options.
修改2: 調整新的樣式設計與建立兩個選項。
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ver.3- Create alert condition. maybe I should refer to the Alert Creation Framework,
there is also room for improvement.
修改3: 建立快訊選項。我應該參考警報創建框架，還有進步空間。
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Indicator Style - 指標樣式
The design uses casual light color style, light gray between overbought and oversold.
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Market Example - 市場範例
1. Bitcoin/Tether, Binance, 1 day
2. Bitcoin/USD, Coinbase, 4 hour
3. EUR/USD, Forex Market, 4 hour
4. GBP/USD, Forex Market, 30 min
5. TAIEX, Taiwan SE Weighted Index, 1 week
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postscript - 後記感想
The purpose of publishing Chinese Scripts is to make Pine close to more Chinese user.
I hope English skills enhancement...staggered writing makes me feel hard.
發布中文腳本的目的，是希望可以讓 Pine 親近更多中文圈的使用者。希望我的英語進步，中英文交錯撰寫有一些困難。
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If you find my works useful, you can give me encouragement. I can buy more books to sophisticated themselves.
如果您發現我的作品有用，可以給我鼓勵。讓我可以買更多書籍來精進自己。
Smart Labelling - Candlestick ChartingThis is a full-fledged implementation of a system presented in an unique research paper 'Profitability of Candlestick Charting Patterns in the Stock Exchange of Thailand' (2017) on candlestick charting, candlestick patterns, trend identification methods, and testing.
You can easily find this paper in the Web. For example, visit: www.researchgate.net
This script is best suited for middle-to-higher time frames. Possible future developments: trend identification and factor calculation techniques.
Donate: PayPal (paypal.me)
Smart Labelling - Range FilterThis is a labelling module based on a range filter . Notice that the trick here is to use fibonachi numbers . Use smaller range multiplier for higher TFs. This module may serve as a signal generator to be passed through a signal filter.
Quote from the original author:
This is an experimental study designed to filter out minor price action for a clearer view of trends. Inspired by the QQE's volatility filter, this filter applies the process directly to price rather than to a smoothed RSI. First, a smooth average price range is calculated for the basis of the filter and multiplied by a specified amount. Next, the filter is calculated by gating price movements that do not exceed the specified range. Lastly the target ranges are plotted to display the prices that will trigger filter movement.
Smart labelling - Candlestick FunctionOftentimes a single look at the candlestick configuration happens to be enough to understand what is going on. The chandlestick function is an experiment in smart labelling that produces candles for various time frames, not only for the fixed 1m, 3m , 5m, 15m, etc. ones, and helps in decision-making when eye-balling the chart. This function generates up to 12 last candlesticks , which is generally more than enough.
Mind that since this is an experiment, the function does not cover all possible combinations. In some time frames the produced candles overlap. This is a todo item for those who are unterested. For instance, the current version covers the following TFs:
Chart - TF in the script
1m - 1-20,24,30,32
3m - 1-10
5m - 1-4,6,9,12,18,36
15m - 1-4,6,12
Tested chart TFs: 1m, 3m ,5m,15m. Tested securities: BTCUSD , EURUSD
Smart Money Index (50)Added MA50 to help interpret Smart Money Flow Index. Original SMI script by HPotter, idea of MA50 gotten from Troy Bombardia.
Smart VolumeOut of beta!
This script distinguishes up/down volume based on lower resolution.
It's important to set correct input "Detailed Resolution" — it affects detalization/loading speed. If equal to chart resolution, should match builtin "volume". The lower it is, the more detalized up/down border.
Smart Volume (beta)This script distinguishes up/down volume based on lower resolution.
It's important to set correct inputs. Second - affects detalisation/loading speed. Third one needs to be set according to your chart resolution. 1440 for 'D', 30 for '30'.
Smart Money Index (SMI)Smart money index (SMI) or smart money flow index is a technical analysis indicator demonstrating investors sentiment.
The index was invented and popularized by money manager Don Hays. The indicator is based on intra-day price patterns.
The main idea is that the majority of traders (emotional, news-driven) overreact at the beginning of the trading day
because of the overnight news and economic data. There is also a lot of buying on market orders and short covering at the opening.
Smart, experienced investors start trading closer to the end of the day having the opportunity to evaluate market performance.
Therefore, the basic strategy is to bet against the morning price trend and bet with the evening price trend. The SMI may be calculated
for many markets and market indices (S&P 500, DJIA, etc.)
The SMI sends no clear signal whether the market is bullish or bearish. There are also no fixed absolute or relative readings signaling
about the trend. Traders need to look at the SMI dynamics relative to that of the market. If, for example, SMI rises sharply when the
market falls, this fact would mean that smart money is buying, and the market is to revert to an uptrend soon. The opposite situation
is also true. A rapidly falling SMI during a bullish market means that smart money is selling and that market is to revert to a downtrend
soon. The SMI is, therefore, a trend-based indicator.
Some analysts use the smart money index to claim that precious metals such as gold will continually maintain value in the future.
