alGROWithm PremiumIntroducing the alGROWithm indicator!
Years of trading experience and endless hours of screen time has undeniably proven to me that the most fundamental rule of any market is: price moves from supply to supply and demand to demand. Specifically, this means that a breakout of a supply zone , the probability of it reaching the next supply zone before starting consolidate is very high. Similarly, a breakdown from previous demand zone will likely continue to the next demand zone . The identification method of these supply and demand channels is one of the features that sets this indicator apart from other available tools.
What separates alGROWithm from other available tools?
- Proprietary method for identifying supply & demand channels combined with a directional bias computation based on recent historical prices
- Only signaling precise entries based on supply & demand that maximize R/R
- Tracking open positions and displaying a trading plan directly on the chart immediately after signaling entry points
- Indicating precise exit levels to help you avoid exiting too early or trading by emotion
What are the features included in alGROWithm?
Trading Plan Lines : These are the Buy/Short/Take Profit/Exit lines plotted directly on the chart
Show Long Signals : These are the green "BUY" labels that appear on the chart when alGROWithm identifies a critical breakout to the next supply level
Show Short Signals : These are the red "SHORT" labels that appear on the chart when alGROWithm identifies a critical breakdown to the next demand level
Show Take Profit Signals : These are the purple "TP" labels that appear on the chart when alGROWithm identifies that the subsequent supply/ demand level has been hit
Show Exit/Stop Loss Signals : These are the purple "EXIT" labels that appear on the chart when alGROWithm identifies that the trade has run its course and it's time to exit
Show Dashboard : This is a dashboard that is displayed to the right of the latest candle, and contains the following information:
- Current Position : "Long", "Short", or "None"
- Next Profit Target : Only displays if there is an active Position
- Current Bias : alGROWithm computes a directional bias based on recent historical prices. Text will say "Long" or "Short"
- Long/Short Bias Until : alGROWithm's bias will change if this price is hit. Note that these are not BUY or SELL levels - this simply indicates whether things are looking up or down
- Enter Short/Long At : Only displays if Current Position = "None"
Note that you can enable/disable any of these chart overlays at anytime through the indicator settings.
The alGROWithm indicator works on any timeframe, any market, and standard OR Heikin Ashi candlesticks .
I have been working very hard on this indicator and I personally use it on a daily basis with options trading. I am so excited to share the wealth with you!
You can use the link below to visit our website and gain access to the script.
Swingtrading
SMA + Trend Strength + Trailing Stop LossThe 'SMA + Trend Strength + Trailing Stop Loss' indicator was designed for swing trading long positions over the course of days/weeks. The benefit of the indicator is to identify areas where the market of a given asset is showing signs of a strong uptrend, divergences, and fear. A 13-bar simple moving average is color coded to four colors based on 5 given conditions at a time, which are represented as a trend meter on the bottom right of the screen. A trailing stop loss indicator is included to secure your profits or limit your loss in case the market reverses on you unexpected. Please use this indicator responsibly with proper risk management, and never rely on the indicator by itself for buy and sell signals.
When the simple moving average color is green, it means that at least 4 of 5 conditions are confirming a move upwards, this is when you can take an entry into a trade based on your entry strategy. As the trend continues, the color will eventually change to yellow signaling a divergence. This is when you can use your exit strategy to find a good point to sell. It is wise not to take new positions when the color is trending yellow.
If the color changes from yellow to orange, that is a warning sign that the trend is about to change or has begun to change. Prices may have already fallen. However, sometimes the color will change from yellow back to green signaling a continuation of the trend. You can either keep holding or take a new position in this instance.
When the color is red, this signals fear in the market, you should stay out of the market at first. However, as the market consolidates and the color starts changing back to orange, this is an opportunity to take a long position at a reasonably low price.
Simple Moving Average (13-Bar) Color Explanation:
The colors change based on 5 market conditions represented in the trend meter.
Green: Strong Uptrend
Yellow: Divergence Present
Orange: Warning
Red: Fear
Trend Meter Explanation:
The trend meter draws 5 arrows indicating bullish or bearish presence.
LL = Lower Lows - Detects when the market is trending with lower lows.
HH = Higher Highs - Detects when the market is trending with higher highs.
MA = SMA Direction - A formula is used to determine the direction of the SMA.
DI = Directional Index - Identifies when upwards momentum is trending.
RSI = Relative Strength Index - Identifies when the RSI is in an uptrend state.
Note: For advanced users, this indicator has a hidden DMI(4, 4, 4) and RSI(14) indicator used to determine the last two conditions. The Directional Index is based on a DI Plus momentum moving average to determine a momentum trend and the RSI trending over 50 will constitute an uptrend signal as below 50 it will point down.
Trailing stop loss:
The trailing stop loss is determined based on the lowest price of the last 8 bars.
A gray step-line is drawn at the suggested stop activation price.
A red step-line is drawn at the suggested stop limit price.
When the price breaches the trailing stop, a red X will appear below the bar.
You can turn each of these features on or off based on your preference. Happy trading!
Swing Reversal IndicatorSwing Reversal Indicator was meant to help identify pivot points on the chart which indicate momentum to buy and sell. The indicator uses 3 main questions to help plot the points:
Criteria
Did price take out yesterday's high or low?
Is today's range bigger than yesterday? (Indicates activity in price)
Is the close in the upper/lower portion of the candle? Thus, indicating momentum in that direction
This indicator was built to help me find pivot points for directional options trading however can be used for equities and forex swing trading and other strategies. Used in conjunction with a BB extreme can provide good setups.
Alerts are available for both the long and the short positions and the indicator will repaint as price moves.
The character Plotted can be changed in the settings
The size of the candle area can be changed as well if you want to tighten/loosen the trigger points based on the third question above.
TM24_SWING_TOOLTM24_SWING_TOOL helps to identify following Things for Intraday Position on 15-30-60 Minutes timeframe along with Buy or sell signal.
1. Market Trend (Different Timeframe)
2. Price Direction
3. Area of Support & Resistance
4. Price Momentum
Terminology Use ==> Black from Bottom for - Buy, Red from Top for - Sale Signal, and Numbers are to show time frame indication there is presence of buyer or seller like 1 for buy signal on 1 minute time frame etc.
Display and Interpretation ==> Buy Sale Signal in Digit with 5-10-15-30-60-D for different time frames.
any value signal ending with * shows breakout of support/ resistance and value signal starting with * shows entry to a momentum zone.
Green Mark with Triangle Up shows trend of that timeframe in positive and value shows upside possible direction on that timeframe vice versa for red signal with down triangle
T1 stand for trend change in 1 Minute timeframe and T3 stand for trend change in 3 Minute timeframe
Use market structure, chart pattern, trend lines for more support..
Time frame ==> Use proper Signal with 15 minute, 30 minute time frame
What to Identify ==> Overall Trend for the Swing
How to Use ==>
See how and order buildup is seen and current order position. Also area for volatility and expected movement in price direction
Note: - Use market structure, chart pattern, trend lines and price action parameter for more confirmation.
Entry ==>
Let’s wait the proper area of support or resistance ( Area of Value in case of trend pattern use)
Exit ==>
SL of swing high/low out of market structure with proper risk management and target with proper Risk/ Reward Ratio
Use the Below Contacts to Access this Indicator
TM24_SWING_LEVELTM24_Swing_level Indicator shows overall market price structure of market for Swing Position.
Terminology Use ==> Price Line, Price Level name and Price level
Timeframe ==> Use proper Signal with swing trend on 1 Hour or Upper time frame (Best if Use with 1 Hour chart or 1 Day chart).
What to Identify ==> Overall market price structure for the Swing Period
How to Use ==>
There are Many Line in price level chart
Green/red with Solid for important area of support or resistance
other dotted lines are for retracement or extension of prices.
Important Structure==> Price behaviors on all lines of possible support and resistance
Use market structure, chart pattern, trend lines for more support.
Entry ==>
Let’s wait the proper area of support or resistance (Area of Value in case of trend pattern use)
Exit ==>
SL of swing high/low out of market structure with proper risk management and target with proper Risk/ Reward Ratio
Zeta ScalperWhat is Scalping?
Scalping is a trading strategy aimed at profiting from quick momentum in a volatile index or stock.
Traders who use such strategies place anywhere from 10 to a few hundred trades in a single day.
The idea behind such type of trading is that small moves in an index or stock price are much easier to capture than the larger moves.
Traders who use such strategies are known as scalpers. When you take many small profits a number of times, say 10 points scalped 20 times per day, they can easily add up to large gains.
An Option Buyer's Biggest Enemy is Time Decay and when you scalp, you do not allow the time decay to eat your Option Premium as your Entry and Exit is often quick enough.
What is Zeta Scalper?
Zeta Scalper indicator is a momentum based indicator which tries to detect momentum based upon a number of Candle Stick Patterns.
When it thinks a move has the potential to turn into a big move, it generated its Buy/Sell Signals.
It is a well known fact that actual drivers of the market are Big Institutions, Mutual Funds & Big Guys with deep pockets.
They have large amounts of money to invest and they buy & sell in bulk.
When they buy, often their objective is to buy at lower levels (below average price of the day) & when they sell they sell at higher levels (above average price of the day).
Zeta Scalper seeks to detect this activity. When aggressive buying or selling starts where Buying & Selling Forces become unequal, the Price starts moving in one direction with candles making Higher Highs or Lower Lows.
Zeta Scalper detects these Higher Highs or Lower Lows and generates Buy or Sell signals when this happens.
In order to use this indicator, simply deploy this on your chart, and wait for Buy/Sell signals.
It works on all time frames including 1 min. 3min. 5min. & 10min. etc.
When a Buy Signal is followed by Sell signal (let it be after 3 - 4 candles or after many candles) or vice-versa, you have to switch your position to make most of the reverse move.
It is a general purpose indicator and may be used on stocks, commodities and currencies alike and is not meant for any specific market.
How to Take Buy/Sell Entry with Zeta Scalper?
Whenever you see a Buy Signal, mark its closing price with a horizontal line and as soon as a candle breaks this candle's High, it is time for you to take Entry.
Your STOP LOSS could be just 0.5% below your Entry Price, hence, no big loss even if things go wrong.
Keep moving your STOP LOSS up as the price moves in your favour and when market turns around and you see a SELL signal, it is time to book your BUY position profit and take Entry on SELL Side now and so on.
How to get this indicator?
This is invite-only indicator. Get in touch with us using information given below in Signature field to try this tool FREE.
[astropark] Auto Fibonacci Retracement ExtensionDear followers,
today a new analysis tool for day trading, scalping and swing trading: Automatic Fibonacci Retracements and Extensions drawer!
It works on every timeframe and market, as it simply draws automatically most important fibonacci levels on the chart.
Based on the analysis window set (default 100 bars, but you can edit it as you like), it finds recent high and low and start drawing the following levels:
recent high and low (black)
golden retracement range: 0.5 * 0.618 * 0.705 fibonacci retracements (gold)
fibonacci extensions range above 1: 1.272 * 1.424 * 1.618 * 2.618 * 4.236 (blue)
fibonacci extensions range below 0: -0.238 * -0.618 * -0.706 * -1(fuchsia)
Whenever the indicator finds a new high or a new low, al fibonacci levels are re-draw automatically.
The indicator will let you:
change analysis window
enable displaying labels related to current fibonacci levels and/or prices
change colors
show/hide each specific level
How to use the indicator?
Basically, all techniques which apply to fibonacci tool are valid here too.
After a big move up or down, a new high or low is created and a retracement is expected: if trend is strong, retracement to golden ration 0.618 will be a perfect spot for buy or sell respectively in order to continue riding the trend.
In general a bounce is always expected when price hit 0.618 retracement , good to know for scalping traders, while swing trades will continue holding the trade for higher profits.
If the golden retracement range (0.5 - 0.705) is broken and then retested from the other side, a continuation move is expected towards previous high/low (fib level 1) and even more towards the fibonacci extensions range above 1 (1.618 - 2.618 - 4.236).
If the base of bounce and trend continuation on golden retracement range, traders can expect
price to hit again previous high/low and
if trend is strong, a consolidation near the previous high/low range (conditions that are respectively bullish and bearish)
do a further continuation towards -0.618 fib level range
Traders must always understand that
the higher the timeframe, the stronger is the meaning and so the reaction when a specific fibonacci level is hit
don't trade blindly, try to find confluences to have an higher chance to be in a winning trade in near future
money and risk management are very important, so manage your position size and always have a stop loss in your trades
As said, this indicators work on every timeframe and in all markets (Crypto currencies, stocks, FOREX, indexes, commodities). Here some examples:
BTCUSDT 1D: after a long run, a retracement is expected and a bounce at 0.618 golden level is more than obvious: perfect short (sell) entry
BTCUSDT 1D: again as previous example, after a long run, a retracement is expected as well as price's bounces back above
EURUSD 1h: lots of info here, directly in the chart below:
bounces on 0.618 golden zone
double top
price breaks 0.618 level and retests it from below targeting previous low
double bottom and bounce back towards golden zone
bearish consolidation at recent low and further decline towards 1.618 fib extension
AMZN 1h stock: lots of info here too, directly in the chart below:
new high is print, price retrace to golden zone
bounces on 0.618 golden zone
price breaks 0.618 level and retests it from below targeting previous low
double bottom and bounce back towards golden zone
rejection at golden zone, price falling targeting previous low again and probably 1.618 fib extension
price breaks hard previous low and hits fib extension range below recent low
price retraces back up towards new golden retracement range
golden retracement range is broken and used as support: targets are previous high and 1.618 extension
once 1.618 extension level is broken and retested successfully as support, price moves towards 2.618 fibonacci extension level
SPY (SPX500) index: lots of info in the chart
interesting to note that March 2020 huge dump can be totally mapped as a series of fibonacci level bounces, so you understand the importance of riding a trend now, right?
after the low was formed, price retraced perfectly to golden ration 0.618
each time price hit a golden level/range, it retraces creating double top and double bottom configurations too
In the chart below we can see the power of the double bottom at golden retracement level: targets are previous high and -0.618 fibonacci extension level
XAUUSD 15m: as we are in a lower timeframe, the default analysis windows has been reduced to 50.
What can we see here:
golden retracement and price is rejected towards previous low
golden retracement hit and price bounces back lower
new high is formed: golden retracement hit and price bounces back higher
price break previous high and hits fibonacci extensions -0.618 and -1
price continues rising forming a regular bearish divergence with RSI
once uptrend is broken, price falls dramatically
first target is 0.618 retracement level, where you see a very small retracement due to strength of sellers
second target is previous low, which is broken and retested many time from below (bearish retest)
third target is fibonacci extension range (in this case 1.414 is almost hit)
as an hidden bullish divergence with RSI was created, price goes back up
This is a premium indicator , so send me a private message in order to get access to this script.
SVIEWThis is momentum based indicator
Input
1. Two EMA
2. Stochastic
Thought process
1. Difference between fast and slow ema has a oscillating nature.
2. Stochastic %k %d crossover gives early signals
3. early entry gives low risk high reward setup
Calculation
1. A= EMA (fast) - EMA (slow)
2. B =Stochastic(%K)-Stochastic(%D)
When A is increasing and B is positive, bar is green
When A is decreasing and B is negative, bar is red
Else, bar is black
Use
This is an early entry signal system. When used with Channel trading system, it gives high probability, low risk high reward setups
Example
When price has breached below -2 Keltner channel, and impulse candle turns green, go long (or sell put options )
29 minutes ago
Release Notes:
This is combination of
1. Ema diff
2. stochastic
3. Keltner channel
4. Bollinger bands
5. bunch of EMAs
Thought process
1. Difference between fast and slow ema has a oscillating nature.
2. Stochastic %k %d crossover gives early signals
3. early entry gives low risk high reward setup
Calculation
1. A= EMA (fast) - EMA (slow)
2. B =Stochastic(%K)-Stochastic(%D)
When A is increasing and B is positive, bar is green
When A is decreasing and B is negative, bar is red
Else, bar is black
Use
This is an early entry signal system. When used with Channel trading system, it gives high probability, low risk high reward setups
Example
When price has breached below -2 Keltner channel, and impulse candle turns green, go long (or sell put options )
Istanbul by MMEN
I'm proud of to introducing Istanbul indicator. Istanbul is a smart support/resistance indicator based on price action. It analyzes price with different lengths and decide where is the high volume and reversal pattern.
There are 5 different lengths. They are 20, 100, 200, 500 and 1000. Each levels specified by different tickness. 20 is the thinnest and 1000 is the thickest. You can easily track levels by thickness. 20 has the lowest and 1000 has the highest impact on price movement.
There is an other field named as Precision. If you want to see more levels on the assets, please increase precision value. Otherwise decrease. For example, If you want to see more strong levels, you can set precision to 2. Otherwise set precision to 10. Default is 5.
Istanbul is also uses volume as a decision point. So you can adjust Volume Multiplier as you wish. Default is 1.5.
Lines have 3 different colors.
Green: It's support. Price above this level.
Red: It's resistance. Price below this level.
Purple: It's indecision. Waiting for confirmation.
Istanbul shows important levels as a channel. If prices moves between two lines, this channel is the starting point for new trend. It may be long or short. Watch prices and make your decision.
TR
Istanbul indikatörünü sizlere tanıtmaktan gurur duyuyorum. Istanbul, price action felsefesine göre destek ve direnç noktalarını belirleyen akıllı bir indikatördür. Fiyat hareketlerini farklı uzunluklarda geriye giderek inceler ve yüksek hacimli dönüş formasyonları gördüğü zaman destek ve direnç noktalarını çizer.
5 farklı seviye vardır. Bu seviyeler zayıftan güçlüye doğru 20, 100, 200, 500, 1000'dir. Her seviye gücüne göre farklı kalınlıkta çizilmiştir. 20 en ince, 1000 ise en kalın çizgidir. Grafiğe bakarken kolayca kalınlıklarına ve inceliklerine göre destek/direnç noktalarının gücünü anlayabilirsiniz.
Precision değişkeni ise Istanbul'un hassasiyetini ayarlar. Bu yüzdesel bir değişkendir. Varsayılan olarak %5 ayarlanmıştır. Eğer daha keskin ve net destek/direnç noktaları görmek isterseniz bu yüzdeyi düşürmeniz gerekir. Örneğin 2 yapabilirsiniz. Eğer daha çok destek/direnç noktası görmek isterseniz bu değeri 10 olarak ayarlayabilirsiniz.
Istanbul'un karar mekanizması içinde hacim de etkin bir rol alıyor. Volume Multiplier seçeneğeni isteğinize göre değiştirebilirsiniz. Bu değerin 1'den küçük olmaması gerekir.
Çizgilerin 3 farklı rengi vardır.
Yeşil: Destek noktası. Fiyat bu seviyenin üzerinde.
Kırmızı: Direnç noktası. Fiyat bu seviyenin altında.
Mor: Kararsızlık. Indikatör onay bekliyor.
Istanbul önemli seviyeleri bir kanal olarak gösterir. Eğer fiyat kanal içinde hareket ediyorsa, bu kanal yeni trendin başlayacağı seviyelerdir. Bu trend yükseliş ya da düşüş trendi olabilir. Fiyat hareketlerine bakarak long ya da short pozisyon açabilirsiniz.
EXAMPLES || ÖRNEKLER
AAPL
GBPUSD
ATOMBTC
XU100
[astropark] Altwalker V2Dear Followers,
today I'm happy to share with you Altwalker V2 , an updated version of the former Altwalker for lower timeframes (from 5 minutes to 4 hours).
It is both a Swing and Scalping Strategy indicator , based on a simple trend following theory , mainly designed for Cryptocurrencies, Altcoins and of course Bitcoin.
Here you can see the Altwalker V1:
Based on Moving Average, Altwalker V2 on low timeframes dynamically identifies market resistance and support, so in which trend a cryptocurrency is during time:
green trendline and background means bullish trend , in fact it start with a "buy" signal
red trendline and background means bearish trend , in fact it start with a "sell" signal
if a series of buy and sell appears (this may happen especially in lower timeframes), this means price is in consolidation or distribution phase, so be prepared for a new trending phase coming soon, always remembering that taking profits is awesome and managing your risk by defining you position size and having a stoploss is a must in trading
To help in Taking Profits, Altwalker integrates also 2 special tools besides the trend highlighter:
Overbought and Oversold RSI Signals , which appear both as darker background (the darker the color, the more the price is in overbought/oversold) and green "ob"-"tp" / red "os"-"tp" labels (they optionally pop up only on a configurable stronger overbought/oversold condition) (you can enable/disable it optionally)
Peak Profit Tracker , which resets every time a new trade start and keeps track of price fluctuation during the trade: the message is don't be too much greedy and take profits or lock them with a stoploss in profit (you can enable/disable it optionally)
You can edit many options in order to
enable/disable showing buy/sell signals
enable/disable showing trendline
edit trendline variant (you have 2 options, by default variant 1 is selected)
enable/disable showing trend as background
enable/disable showing RSI TP signals
edit RSI length, overbought (OB) and oversold (OS) levels
enable/disable showing peak profits on each trade
The user who wants to use this strategy, especially via an automated bot, must always set a stoploss (example 150$ from entry on bitcoin ) or use a proper risk management strategy .
This is not the "Holy Grail", so use it with caution. It's highly suggested to use a proper money management .
This script will let you set all notifications you may need in order to be alerted on each triggered signals.
Here there are some examples how Altwalker V2 works on many timeframes and markets:
LINK/USDT 1h
XLM/BTC 1h
ETH/BTC 1h
ETH/USDT 1h
COMP/USDT 1h
YFI/USDT 15m
NEO/BTC 5m
VET/USDT 15m
This is a premium indicator , so send me a private message in order to get access to this script .
SWAVEThis uses combination of
1. EMA difference
2. stochastic
Green column = up move
Red column = down move
Silver column = neutral
Ultimate VWAP Bands- Ultimate VWAP Bands is a script that helps to decide and further clarify areas of oversold and overbought conditions.
- For example, when the price is in the lowest band it is extremely oversold relative to the VWAP . Hence it should be considered a good place to buy with a high risk to reward payoff.
- Each band is set at a fixed offset away from the VWAP . The "VWAP Band Multiplier" adjusts this and is a key part of the script. This allows the indicator to be adjusted based on the assets volatility . For example, with Crypto. A multiplier of 1 would be strongly advised. Whilst a multiplier of 0.1-0.25 would be useful for currency pairs.
- This indicator can be used for all manners of trading. However, it is most effective when used for scalping and swing trading.
[blackcat] L3 Price Positioning IndexLevel: 3
Background
Are you tired of traditional Japanese candlesticks? Do you want to try a new type of candle master chart?
Function
L3 Price Positioning Index is totally brand-new candle chart invented by myself. This main chart can provide effective resistance and support levels, and you can see where the price is running at any time. There are 3 key circle lines. Green circle line is used to indicate oversold support or breakthrough support levels; yellow circle line indicates the midline position where prices may pause; and red circle line indicates overbought resistance or breakthrough resistance levels.
There are two types of candlestick charts.
The first type candles are mid-to-long-term trend candles, navy represents an uptrend and the length of the candle represents a change in intensity; maroon represents a downward trend and the length of the candle represents a change in intensity. This trend candle is the effective support and resistance level of the second type short-term swing candle.
The second type candles are short-term candles fluctuate around the first medium- and long-term trend candles. The second short-term candle is divided into five colors: green means pump; fuchsia means retracement in the ascending process; yellow means bullish reversal signal; red means dump; blue means price rebound in the descending process.
Key Signal
THREE KEY LINES:
htop --> red circle line, overbought resistance or pump breakout threshold
hmid --> yellow circle line, price pause zone, sideways may happen here
hbot --> green circle line, oversold support or dump breakout threshold
MID-LONG TERM CANDLES:
x22,x33 --> navy for up and maroon for down trend, they are important support or resistance for short term price movements
SHORT TERM CANDLES:
1. bearreboun --> rebounce in down trend candle with blue color
2. pump --> up trend pump candle with green color
3. bullreversal --> bullish reversal candle with yellow color
4. dump --> bearish dump candle with red color
5. bullretra --> retracement in up trend candle with fuchsia
Pros and Cons
Pros:
1. Long term trend identification by three lines for overbought, oversold and breakouts
2. Mid term trend support and resistance with navy and maroon candles
3. Short term price behaviors are classified into 5 types of candles in blue, green, yellow, red and fuchsia
Cons:
I invent this to solve traditional JP candlestick shortcomings. If you find anything on Cons, just feedback to me for improvements.
Remarks
Brand-new Candle System invented by myself
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.
Swing PointsAn indicator that identifies Swing Points (highs and lows) and then determines highs and lows of those swings. Works on all timeframes.
This is not my invention. It is a generic concept that I picked up from the trading world.
First level swings are termed as Short term Highs and Short term Lows (STH and STL)
The second level swings are termed as Long term Highs and Long term Lows (ITH and ITL)
An STH is formed when the 2nd high is higher than the highs on either side.
An ITH is formed when the 2nd STH is higher than the STH on either side.
Likewise logic for lows.
An example, A bullish trend can be expected if an ITH level is taken out after a ITL is formed after the ITH.
Inside bars: Inside bars are ignored. They can be marked, turned off by default.
Also, a "X" is placed over a swing point if two consecutive swings form simultaneously. This is turned off by default.
[blackcat] L2 Swing Oscillator Swing MeterLevel: 2
Background
Swing trading is a type of trading aimed at making short to medium term profits from a trading pair over a period of a few days to several weeks. Swing traders mainly use technical analysis to look for trading opportunities. In addition to analyzing price trends and patterns, these traders can also use fundamental analysis.
Function
L2 Swing Oscillator Swing Meter is an oscillator based on breakouts. Another important feature of it is the swing meter, which confirms the top or bottom's confidence level with different color candles. The higher of the candles stack up, the higher confidence level is indicated.
Key Signal
absolutebot ---> absolute bottom with very high confidence level
ltbot ---> long term bottom with high confidence level
mtbot ---> middle term bottom with moderate confidence level
stbot ---> short term bottom with low confidence level
absolutetop ---> absolute top with very high confidence level
lttop ---> long term top with high confidence level
mttop ---> middle term top with moderate confidence level
sttop ---> short term top with low confidence level
fastline ---> oscillator fast line
slowline ---> oscillator slow line
Pros and Cons
Pros:
1. reconfigurable swing oscillator based on breakouts
2. swing meter can confirm/validate the bottom and top signal
Cons:
1. not appliable with trading pairs without volume information
2. small time frame may not trigger swing meter function
Remarks
This is a simple but very comprehensive technical indicator
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.
[blackcat] L2 Swing Trading IndicatorLevel: 2
Background
Swing trading is a type of trading aimed at making short to medium term profits from a trading pair over a period of a few days to several weeks. Swing traders mainly use technical analysis to look for trading opportunities. In addition to analyzing price trends and patterns, these traders can also use fundamental analysis.
Function
L2 Swing Trading Indicator
Key Signal
trend --> trend line with color candles standing for trend strength
pump --> whale pump indicator
top --> top zone for selling point
bbuy --> botton zone for buying point
varr1 ---> for selling points
bullbear --> use 50 as bull bear boundary
Pros and Cons
Pros:
1. Clear to see the trend reversals with strength changes
2. Whale pump indicator confirm the validity of trend reversals
Cons:
1. oversold zone is hidden due to using zero line as bottom
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.
GODXBT 2.0 GODXBT 2.0
This script helps you to understand the market situation
Script includes :
. Support & resistance tool
. Smoothing filter to reduce noise on the signals
. Take Profits points
. 222 EMA (Works as Support and resistance , customizable you can change the length as per your requirement )
customizable switches to turn on/off
* S/R Switch (Support/Resistance)
* Smoothing filter Switch (to reduce noise)
* TP points (take profits piont)
how to trade :
Buy/Long when " BUY " signal appears
Sell/Short when " SELL " signal appears
take profits on " TP+ " for shorts and " TP- " for longs
for stop loss use support and resistance lines ( mentioned in chart )
small cross above/below the candle shows Support/Resistance getting built
Signal confirmation on candle Close
and Bar colors for trend strength
Red bearish , white for sell exhaustion
Blue bullish , white for buyers exhaustion
Script includes Alerts for BUY and SELL signals as well as TP+ and TP- signals
*** all the details I have mentioned on chart please check the chart ***
DM FOR ACCESS
Ichimoku Clouds with Trend IdentificationThis is another version of the Ichimoku Clouds indicator where I have added logic to evaluate the current chart as either Bullish, Bearish, or Mixed, depending on 4 factors:
1. Is the price above/below the cloud?
2. Is the conversion line above/below the base line?
3. Is the lagging span above/below the cloud?
4. Is the rightmost cloud green/red?
If all conditions point the same direction, then the chart will be labelled "Bullish" or "Bearish". Otherwise it will be labelled "Mixed".
[blackcat] L1 Whale Jumping out of the OceanLevel: 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.
We often see whales suddenly jump out of the ocean and then set off huge waves. What we need to do is to surf the wave according to the trend after the whale jumps out of the sea. This is really an exciting sport!
Function
By modeling the behavior of Whale and individuals (Surfers), L1 Whale Jumping out of the Ocean can not only simply describe the behavior trends of Whale and individuals, but also describe the shape of waves generated by the whale jump. Individual traders need to follow the wave trend to take profit.
NOTE: white line and yellow candles represent whale appears but it CANNOT indicate the direction as PUMP or DUMP. This indicator is one of the whale series. It is featured by vividness. A technical indicator is drawn as ocean (momentum in blue and aqua), whale (whale PUMP/DUMP in white,yellow, red, fuchsia and green), huge wave (mid-term trend or swing trend in aqua and blue).However, it does not accurately generate buying and selling points.
Key Signal
var01 --> huge wave caused by whale jump. it is used to confirm whale jump and describe the trend of wave for surfers.
var02 --> whale move signal
var12 --> whale move signal
var28 --> high confidence level of huge whale move
dynabot --> deep ocean (dynamic bottom)
Pros and Cons
Pros:
1. Detect Whale pump and dump and the strength of huge wave.
2. Vividly compare the market movement to a huge wave caused by a whale jumping out of the sea.
3. When it resonante with buy or sell signal from other independent indicators, it has higher confidence level.
Cons:
1. No exact long and short entries.
2. It is sensitive and may have noise inside and generate fake entry signal.
Remarks
Please do not think that this is just a technical indicator, this is a documentary about whales.
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.
Cyatophilum Swing Trader [ALERTSETUP]This is an indicator for swing trading which allows you to build your own strategies, backtest and alert. This version is the alertsetup which allows to create automated alerts hosted on TradingView servers that will trigger in form of emails, SMS, webhooks, notifications, and more. The backtest version can be found in my profile scripts page.
The particularity of this indicator is that it contains several indicators, including a custom one, that you can choose in a drop down list, as well as a trailing stop loss and take profit system.
The current indicators are :
CYATO AI: a custom indicator inspired by Donchian Channels that will catch each big trend and important reversal points .
The indicator has two major "bands" or channels and two minor bands. The major bands are bigger and are always displayed.
When price reaches a major band, acting as a support/resistance, it will either bounce on it or break through it. This is how "tops" and "bottoms", and breakouts are caught.
The minor bands are used to catch smaller moves inside the major bands. A combination of volume, momentum and price action is used to calculate the signals.
Advantages of this indicator: it should catch top and bottoms better than other swing trade indicators.
Cons of this indicator: Some minor moves might be ignored. Sometimes the script will catch a fakeout due to the Bands design.
Best timeframes to use it : 2H~4H
Sample:
Other indicators available:
SARMA: A combination of Parabolic Stop and Reverse and Exponential Moving Average (20 and 40) .
SAR: Regular Parabolic Stop and Reverse .
QQE: An indicator based on Quantitative Qualitative Estimation .
SUPERTREND: A reversal indicator based on Average True Range .
CHANNELS: The classic Donchian Channels .
More indicators might be added in the future.
About the signals: each entry (long & short) is calculated at bar close to avoid repainting. Exits (SL & TP) can either be intra-bar or at bar close using the Exit alert type parameter.
STOP LOSS SYSTEM
The base indicators listed above can be used with or without TP/SL.
TP and SL can be both turned on and off and configured for both directions.
The system can be configured with 3 parameters as follows:
Stop Loss Base % Price: Starting Value for LONG/SHORT stop loss
Trailing Stop % Price to Trigger First parameter related to the trailing stop loss. Percentage of price movement in the right direction required to make the stop loss line move.
Trailing Stop % Price Movement: Second parameter related to the trailing stop loss. Percentage for the stop loss trailing movement.
Another option is the "Reverse order on Stop Loss". Use this if you want the strategy to trigger a reverse order when a stop loss is hit.
TAKE PROFIT SYSTEM
The system can be configured with 2 parameters as follows:
Take Profit %: Take profit value in percentage of price.
Trailing Profit Deviation %: Percent deviation for the trailing take profit.
Combining indicators and Take Profit/Stop Loss
One thing to note is that if a reversal signal triggers during a trade, the trade will be closed before SL or TP is reached.
Indeed, the base indicators are reversal indicators, they will trigger long/short signals to follow the trend.
It is possible to use a takeprofit without stop loss, like in this example, knowing that the signal will reverse if the trade goes badly.
The base indicators settings can be changed in the "Advanced Parameters" section.
Configuration used for this snapshot:
ALERTS DEFINITION
Each alert correspond to the labels on chart.
01. LONG ENTRY (BUY) : Long alert
02. LONG STOP LOSS : Long stop loss event
03. LONG TAKE PROFIT : Long take profit event
04. SHORT ENTRY (SELL) : Short alert
05. SHORT STOP LOSS : Short stop loss event
06. SHORT TAKE PROFIT : Short take profit event
07. LONG EXIT : Long exit alert. Triggers on both Stop loss and Take Profit
08. SHORT EXIT : Short exit alert. Triggers on both Stop loss and Take Profit
09. ALL TAKE PROFITS : Long and Short Take Profits. Both directions.
10. ALL STOP LOSSES : Long and Short Stop Losses. Both directions.
11. ALL EXITS : Long and Short exits alert. Stop Loss and Take Profit both Long and Short.
Use the link below to obtain access to this indicator.
Intraday Long & Short 5MinRules for using this indicator
1. Time Frame - 5 Min (Recommended) or 15 Min
2. Long Entry - when High of signal candle breaks by any Green candle' close.
3. Short Entry - when Low of signal candle breaks by any Red candle' close.
4. Price might reverse after you take entry till Red line or Green Line and as this indicator is based on Higher High and Lower Low Support and Resistance method. Most of time it will reverse after touching the line. You can confirm the Price action from that point. else Exit.
5. Entry in 5 Min timeframe and holding for swingtrade until overbought and oversold indication appears will give extra profits.
6. DYOR
Like,Comment and add this to favorite if you find it useful.
Consider Donating coins only if this indicator turns profitable for you.
Thank you!
Relative Strength Background [RSB] - Scalping / Intraday / SwingThis script uses Relative Strength Index to display the strength of the trend as a background. The trend can be filtered as there are multiple RSI working synchronously in order to provide the best possible view of the trend and get favourable entry and exits.
Hope This Helps.
Auto S/R With Swing TradingIn this indicator, you can simply get the automatic support and resistance line.
With this indication of High and Low by H and L with blue line support and resistance.
The second part is the swing trading setup.
Green line means the upside continue with BUY signal.
Yellow Line means a Trend reversal No Trading Zone & wait for the signal.
Red line indicates that the downside continues with the SELL signal.
