SAR MACDSAR MACD is an idea of implementing Directional MACD with Parabolic SAR to exactly detect and confirm Trend. This p-SAR MACD consist of a HYBRID MACD which acts as MACD TREND oscillator, MACD Oscillator, PSAR Indicator combined with MA line. thus Fake MACD Signals can be eliminated using this SAR MACD. Sideways can be detected using Threshold Levels must be adjusted based on timeframe.
Indicators Hybrid model contains:
1.MACD (12,26,9) Standard with MA Crossovers
2.MACD Trend
3.Parabolic SAR with 0.02
4.Threshold level - indicates Sideways
How to use.
Histogram:
-> HIST MODE: normal MACD indicator
MA Line Color is based on PSAR Direction Blue-Up/ Pink -Down
A crossover upside with a Blue MA line denotes Up confirmation
A Crossover downwards with a red MA line denotes Down Confirmation
Additionally Histogram above zero line and below zero line are to be confirmed
-> MACD MODE: MACD Trend indicator
MA Line Color is based on PSAR Direction Blue-Up/ Pink -Down
A crossover upside with a Blue MA line denotes Up confirmation
A Crossover downwards with a red MA line denotes Down Confirmation
Additionally Histogram above zero line and below zero denotes long term Trend
-> Histogram Color: Indicates candles direction
Yellow indicates Unconfirmed Direction
Green Indicates up direction
Red Indicates Down Direction
Buy Condition:
MA Color - Blue
Histogram- Above Zero
Histogram/Candle -Green
MA Crossover is must
Sell Condition:
MA Color - Red
Histogram- Below Zero
Histogram/Candle -Red
MA Cross under is must
Warning: Must not be used as a standalone indicator. Use for confirmation of your Buy Sell Signals and Entry only.
Trend
Range Filter x Hull SuiteRange Filter x Hull Suite
This indicator is a hybrid of two popular indicators, with a twist; namely the Range Filter (Guikroth version) and the Hull Suite (by Insilico) .
Originally developed as a 1 minute trend following strategy and traded during the New York Session for it's typically high volume / likely trending nature, it provides entry signals based on the following logic:
For bullish entry signals:
The first bullish* candle (*defined by the Range Filter bar color logic, blue by default - which is not necessarily technically a bullish candle as defined by the OHLC values) which appears after the consolidation candles (also defined by the Range Filter bar color logic, orange by default), and where the Hull Suite moving average is also bullish.
For bearish entry signals:
The first bearish* candle (*defined by the Range Filter bar color logic, red by default - which is not necessarily technically a bearish candle as defined by the OHLC values) which appears after the consolidation candles (also defined by the Range Filter bar color logic, orange by default), and where the Hull Suite moving average is also bearish.
The indicator aims to filter out signals where possible consolidation is occurring and comes with styling options and alternative filter options such as a triple moving average trend detection method. Signals can also be filtered by a specific trading session. Standard options for the Range Filter and Hull Suite settings are also able to be customised within the settings menu.
Alerts
Various alerts are built-in, including the custom entry signals unique to this strategy.
Note : The above features listed above are accurate at the time of publishing, but may be altered in future.
Many thanks to guikroth & Insilico for sharing their open source indicators, and also to the original developer of the strategy itself for sharing it.
Trend Bands [starlord_xrp]This indicator uses multiple trendlines to determine the overall trend and trend changes. It also highlights areas of potential pullbacks to entry.
Adaptive Fusion ADX VortexIntroduction
The Adaptive Fusion ADX DI Vortex Indicator is a powerful tool designed to help traders identify trend strength and potential trend reversals in the market. This indicator uses a combination of technical analysis (TA) and mathematical concepts to provide accurate and reliable signals.
Features
The Adaptive Fusion ADX DI Vortex Indicator has several features that make it a powerful tool for traders. The Fusion Mode combines the Vortex Indicator and the ADX DI indicator to provide a more accurate picture of the market. The Hurst Exponent Filter helps to filter out choppy markets (inspired by balipour). Additionally, the indicator can be customized with various inputs and settings to suit individual trading strategies.
Signals
The enterLong signal is generated when the algorithm detects that it's a good time to buy a stock or other asset. This signal is based on certain conditions such as the values of technical indicators like ADX, Vortex, and Fusion. For example, if the ADX value is above a certain threshold and there is a crossover between the plus and minus lines of the ADX indicator, then the algorithm will generate an enterLong signal.
Similarly, the enterShort signal is generated when the algorithm detects that it's a good time to sell a stock or other asset. This signal is also based on certain conditions such as the values of technical indicators like ADX, Vortex, and Fusion. For example, if the ADX value is above a certain threshold and there is a crossunder between the plus and minus lines of the ADX indicator, then the algorithm will generate an enterShort signal.
The exitLong and exitShort signals are generated when the algorithm detects that it's a good time to close a long or short position, respectively. These signals are also based on certain conditions such as the values of technical indicators like ADX, Vortex, and Fusion. For example, if the ADX value crosses above a certain threshold or there is a crossover between the minus and plus lines of the ADX indicator, then the algorithm will generate an exitLong signal.
Usage
Traders can use this indicator in a variety of ways, depending on their trading strategy and style. Short-term traders may use it to identify short-term trends and potential trade opportunities, while long-term traders may use it to identify long-term trends and potential investment opportunities. The indicator can also be used to confirm other technical indicators or trading signals. Personally, I prefer to use it for short-term trades.
Strengths
One of the strengths of the Adaptive Fusion ADX DI Vortex Indicator is its accuracy and reliability. The indicator uses a combination of TA and mathematical concepts to provide accurate and reliable signals, helping traders make informed trading decisions. It is also versatile and can be used in a variety of trading strategies.
Weaknesses
While this indicator has many strengths, it also has some weaknesses. One of the weaknesses is that it can generate false signals in choppy or sideways markets. Additionally, the indicator may lag behind the market, making it less effective in fast-moving markets. That's a reason why I included the Hurst Exponent Filter and special smoothing.
Concepts
The Adaptive ADX DI Vortex Indicator with Fusion Mode and Hurst Filter is based on several key concepts. The Average Directional Index (ADX) is used to measure trend strength, while the Vortex Indicator is used to identify trend reversals. The Hurst Exponent is used to filter out noise and provide a more accurate picture of the market.
In conclusion, the Adaptive Fusion ADX DI Vortex Indicator is a versatile and powerful tool for traders. By combining technical analysis and mathematical concepts, this indicator provides accurate and reliable signals for identifying trend strength and potential trend reversals. While it has some weaknesses, its many strengths and features make it a valuable addition to any trader's toolbox.
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Credits to:
▪️@cheatcountry – Hann Window Smoohing
▪️@loxx – VHF and T3
▪️@balipour – Hurst Exponent Filter
RS Stage AnalysisThis script trying to detect different lifecycle of stock / Stages.
There is mainly 4 stages of stocks.
1) stage 1 - Accumulation = color = aqua
2) stage 2 - Advancing = color = green
3) stage 3 - Distribution = color = yellow
4) stage 4 - Declining = color = red
At some point the condition i wrote wont detect any stage.
TRENDCATOR - Trend Of IndicatorsHello Traders :)
I am Only Fibonacci.
I would like to give you detailed information about this indicator that I have prepared.
With this tool you add to your chart, you can automatically draw the falling trend and rising trend lines of many indicators.
I've prepared a few extra nice things for you. With this indicator, you can see the instantaneous values of active trend lines and their distance from the indicator value.
We are now ready to introduce.
You can use this indicator in two languages. English and Turkish. The choice is yours.
When we enter the indicator settings, there is a group under the TREND heading. With the settings in this group, you can determine the sensitivity of the trends to be plotted. The lower the sensitivity, the less reliable the plotted trends will be. I am sure you will find the middle ground.
Trends are calculated by relationships between all detected peaks.
If you check the Show Data box, you can see the value of the active (unbroken) trends in the current candle. Sometimes it can create visual pollution. So you can remove it. Below will be a version view where the values of the trendlines are visible.
With this tool, you can add any indicator you choose from the settings section to the chart and draw the trend lines automatically.
You can add RSI, ATR, CCI, MFI, MOM and various moving averages to your chart and draw a trend line. Below will be an image of the Momentum indicator.
You can edit the following from the settings section of this tool:
The language you will use, EN-TR
Colors of trend texts
Trend sensitivity
Thickness and colors of downtrend and rising trendlines
Hide and show trends
Hide and show trend values
Changing the background and text color of the box where the indicator name appears
Determining the source of the selected indicator
Determining the period of the selected indicator
Determine the color of the line of the selected indicator
Note: If the period value is not used in the calculation formula of the indicator you selected, the period selected in the settings will not be included in the calculations.
Note 2: If the source value is not used in the calculation formula of the indicator you have chosen, the source value selected in the settings will not be used.
Broken, inactive trend lines disappear.
Trend Line Trendlines are easily recognizable lines that traders draw on charts to connect a series of prices together or show some data's best fit. The resulting line is then used to give the trader a good idea of the direction in which an investment's value might move.
A trendline is a line drawn over pivot highs or under pivot lows to show the prevailing direction of price. Trendlines are a visual representation of support and resistance in any time frame. They show direction and speed of price, and also describe patterns during periods of price contraction.
Key Takeaways
Trendlines indicate the best fit of some data using a single line.
A single trendline can be applied to a chart to give a clearer picture of the trend.
The time period being analyzed and the exact points used to create a trendline vary from trader to trader.
The trendline is among the most important tools used by technical analysts. Instead of looking at past business performance or other fundamentals, technical analysts look for trends in price action. A trendline helps technical analysts determine the current direction in market prices. Technical analysts believe the trend is your friend, and identifying this trend is the first step in the process of making a good trade.
To create a trendline, an analyst must have at least two points on a price chart. Some analysts like to use different time frames such as one minute or five minutes. Others look at daily charts or weekly charts. Some analysts put aside time altogether, choosing to view trends based on tick intervals rather than intervals of time. What makes trendlines so universal in usage and appeal is they can be used to help identify trends regardless of the time period, time frame or interval used.
Period OpenA very simple indicator that displays the Open of the specified Timeframe
How to use this indicator?
1. Directional Bias
Bullish => Closing Price > Period Open
Bearish => Closing Price < Period Open
2. Support / Resistance
Each Period Open can be used as Support or Resistance
3. Take Profit Targets
Each Period Open can be used as targets for taking profit
Simple Dominance Momentum IndicatorThe Simple Dominance Momentum Indicator is a powerful tool for tracking market trends in the world of cryptocurrency. By analyzing the relationship between dominance and market movement, this indicator helps traders identify when money is flowing into or out of the market.
Using the pane structure on TradingView, the Dominance Momentum Indicator makes it easy to visualize and track data from CryptoCap charts. Whether you're a seasoned investor or starting out, this indicator can help you make more informed trading decisions.
All this indicator does is create the pane with a line chart using the Dominance charts to allow you to see the data with one button instead of doing it all manually. However with the addition to allow it to toggle between crypto and stables, so if you are using a /BTC pair, you don't have to add a new pane on, it automatically converts. If you are looking at USDT pairs for example, it will highlight that one for you.
While it can work under any conditions, the Dominance Momentum Indicator is particularly effective on higher timeframes, providing valuable insight into the overall plot of the market trend. With a 55EMA and a faster-moving average of 21EMA, this indicator is designed to help you stay ahead of the curve and make smarter trading decisions.
Remember the golden rule for stablecoin dominance. Down = good, and up = bad; however, you can just invert the indicator, so it flows with the market.
When it comes to the dominance of individual cryptocurrencies, for example, DOT.D, you might find that it going up = increasing dominance is STRENGTH. If the dominance of that is increasing it means it's growing.
Creator Credit: Jamie Goodland
SLSMA PullbacksThis script picks up two types of pullbacks using the SLSMA line. The pb1 signal picks up a fast first pullback as price action breaks the SLSMA line. The pb2 signal detects a stronger pivot with the trend. There is an option to filter pb1 signals with trend in the settings. Lower highs and Higher lows are displayed as labels along the SLMSA line. This tool can be overlaid on your chart or over an indicator using it as its external source.
RSI Trendlines with BreakoutsA pivot-based breakout indicator that attempts to provide traders with a visual aid for finding breakouts on the RSI. Similar to how we use trendlines on our charts, using them on the Relative Strength Index can also give us a sense of direction in the markets.
This script uses its own pivot-based system that checks for real-time swing levels and triggers a new pivot event after every dip and nth bars. The breakout alerts that are given were not designed to be taken as signals since their purpose is to provide an extra bit of confluence. Because of this, I added no other conditions that try to make the alerts "perfect", but instead, print every breakout that is detected. Despite stating this, I did happen to add a condition that checks the difference in RSI and the breakout value, but that's as far as it'll go.
There are alerts built-in to the script, along with adjustable repainting options.
🔳 Settings
Lookback Range: Lookback period to trigger a new pivot point when conditions are met.
RSI Difference: The difference between the current RSI value and the breakout value. How much higher in value should the current RSI be compared to the breakout value in order to detect a breakout?
RSI Settings
Styling Options
🔳 Repaint Options
On: Allows repainting
Off - Bar Confirmation: Prevents repainting and generates alerts when the bar closes. (1 candle later)
🔳 How it Works
Before a trendline is drawn, the script retrieves the slope between the previous pivot point and the current. Then it adds or subtracts the slope x amount of times (based on the lookback range) from the current pivot value until the current x-axis is reached. By doing this we can get a trendline that will detect a breakout accurately.
The result
When using the RSI Difference condition, the script will print breakouts whenever the condition is true, because of this dotted lines were added to track where the alert was triggered.
🔳 Alerts
Market Condition DetectorThis script allows to change the background color of the main chart to green or red depending on the following factors:
Based on the QQQ graph whatever ticker you are watching
- Price > EMA20 Da
- Net New Highs > 0
- 10EMA Da > 20 EMA Da
When you are trading Break-Out, EP or other similar trades you will need the market at your back to improve both the winrate and the risk reward ratio.
This is a very useful tool if you struggle with the FOMO biais. It will help you detect the trend at a glance.
Remember that the top best trader are waiting for their trade to work and only after getting some traction, and only then will they take the next trade.
I also proceeded to find a formula that make the indicator be the smoother possible with the less possible amount of noise.
/!\ This indicator is intended for use on daily charts . /!\
Drip's 11am rule breakout/breakdown (OG)This indicator is based on Drippy2hard's 11:30 am (EST) rule.
In simple terms the rule states that:
If a trending stock makes a new high after 11:15-11:30am EST, there is a 75% chance of closing within 1% of High of day (HOD). Same applies for downtrend.
Please note:
Not all stocks will abide by this, this is backtested on stocks with avg daily volume > 2M and mostly mega cap stocks which have liquid option chains. The backtesting results show very promising results on $SPY/ $SPX so it is advised to trade $SPY/ $SPX using this indicator over any other stocks.
Although the name suggests 11 AM rule, the backtesting shows higher win rate for 11:30 AM so please select that option in the settings.
As always, no indicator is perfect and please follow your risk management and understand that indicators are tools to aid your trading and by no means they are supposed to work as intended in all scenarios
How the script works
1. A HOD/LOD zone is identified based on regular session (9:30am-11:30am) EST. Users can select cut off time to 11AM in the settings. These will be indicated on chart after 11/11:30pm depending on what user selected
2. If the stock breaks above the HOD and the ADX is showing strong momentum to upside then the candlesticks will start showing neon color, if the trend based on moving averages and candle closing is also bullish then the indicator will show trend arrows under the candle indicating to stay in the trade. Same applies for break below LOD, only the colors will change to represent downtrend.
3. An optional cloud is also shown if the trend is developed. The cloud can be used as trail stop or re entry point as long as it is displayed on chart
How to use the indicator in trading
In general, there are three scenarios which are trade worthy
1. If the stocks breaks out above the HOD zone and up trend develops or the stocks breaks below the LOD zone and downtrend develops. See images below
2. You can also use the LOD/HOD zone as demand/ supply if the Price action is range bound like this example below
Thanks for reading, please give thumbs up if you like using it! Please post comments on how to use it.
Rainbow Moving AverageA Rainbow Moving Average script. There are many like it, but this one is mine. It is designed to be easy to read without too much noise in the number of lines and shading, with the moving average to be some of the commonly used ones. Using commonly referenced moving average values help us to understand "the crowd" and what moving average or trend lines they might be looking at. The default values are derived from hourly charts, but work well on any time frame.
The moving average function is simple to change so you can use it for any moving average type that you like, including volume-weighted.
Inspired by my daughter's love of rainbows, she has approved the colors.
TideMasterThe TideMaster is an alternative to the classic moving average, providing a volatility channel around its centerline. The idea of such envelope has been popularized by many technicians such as Jake Bernstein and Jeffrey Kennedy.
The channel creates a virtual S/R zone which is ideal trend following and pullback entries after impulsive movements. It also acts as a tool to avoid price whipsaws and to provide a simple heuristic for entry and stop loss placement within a moving average system.
This indicator has the following unique features:
- Gradient Color Centerline to track the moving average slope/direction.
- Gradient Color Volatility Channel with adjustable width.
- 5 Moving Average Types: EMA,SMA,HMA,WMA & VWMA.
Enjoy!
[TTI] IBD Power Trend🏛️ History & Credit
IBD Power Trend is an indicator created by TintinTrading inspired by the Investor's Business Daily and William O'Neil's investment philosophy. It is part of the Market School methodology.. It's built on the principle that the market's Power Trend is the best time to get aggressive.
💪 What it does
IBD Power Trend helps traders identify when the market's Power Trend starts and finishes. The indicator uses rules about the position of the price relative to the 21EMA and 50SMA, as well as the relationship between the two moving averages, to give traders an edge.
👨🏫 How to use it
IBD Power Trend can be used as an additional criteria to decide when to get more aggressive in the market. It can also be used to assess when to be a pig/tiger. With IBD Power Trend, traders can have more confidence in their trades and make better investment decisions.
Braid Filter+OVERVIEW
The Braid Filter indicator was initially made by Robert Hill and published in the Stocks and Commodities Magazine in 2006. This version of the Braid Filter expands upon Hill's original one by adding much more customization and tweaking abilities. Instead of using a simple moving average to calculate the Braid Filter, this version allows you to choose between 43 different moving average calculation types to suit your needs. The original also just used the close price for calculating its moving averages, however, this version allows you to specify different source prices, including the close, median (hl2), typical (hlc3), mean (ohlc4), and weighted (hlcc4) prices. This version also allows you to edit the lookback period for the average true range calculation. It also renamed some arbitrarily named input fields to make them more readable and understandable. Finally, it includes multi-timeframe support and the ability to color bars based on signals.
The Braid Filter calculates 3 average prices:
A short-term average close price
A medium-term average open price
A long-term average close price
It then finds the minimum and maximum of these three average prices. Then it calculates the difference between the highest and lowest average price. This difference is what the histogram shows. Then the filter line is calculated based on the ATR.
CONCEPTS
This indicator can be used to determine the start of trends. It can also be used to determine when the market is consolidating.
When the bar turns green, the average close price is greater than the average open price, indicating bullish momentum. In addition, if the histogram is green, the difference between the highest average price and the lowest average price is high enough to surpass the filter line. This means that not only is there bullish momentum, but there is stronger than average bullish momentum. Therefore, it is safe to assume that the market will trend higher. When the histogram turns red, this situation plays out except in reverse, indicating that the market will trend lower.
If the histogram color is gray, the difference between the highest average price and the lowest average price used to calculate the Braid Filter is meager. Since the highest and lowest average is close together, the price is unlikely to travel far in one direction. Therefore, it is safe to assume that the market is consolidating when this happens.
HOW DO I READ THIS INDICATOR
The signals between the histogram and filter are calculated as follows:
If the histogram is above the filter line and the fast average close price is greater than the average open price, the histogram is colored green, indicating bullish conditions.
If the histogram is above the filter line and the fast average close price is less than the average open price, the histogram is colored red, indicating bearish conditions.
If the histogram is below the filter line, the histogram is colored gray, indicating neutral conditions.
Artharjan - ATR DashboardArtharjan - ATR Dashboard indicator is designed to plot a dashboard of Average True Range for past 10 candles on the chart. It calculates and shows what percentage of the closing price the ATR is for the selected timeframe.
It also plots the volume of past 10 days and shows whether the volume has gone up (Green Color) or fallen (Red Color)
For daily timeframe since there are 22 active trading days per month a default 11 period is selected for the Daily timeframe however users may change according to their preference.
If the timeframe is in seconds - 75 period is used to calculate ATR
If the timeframe is in Intraday - 25 period is used to calculate ATR
If the timeframe is in Daily - 11 period is used to calculate ATR
If the timeframe is in Weekly - 4 period is used to calculate ATR
If the timeframe is in Monthly - 3 period is used to calculate ATR
The Default ATR period is 14. User has a choice to select the ATR period based on the timeframe or use Standard 14 period for all timeframes.
There is also a provision created to add a Buffer % to the ATR that is calculated. With this Buffer the Options Selling Prices (For Short Strangle Strategy) are calculated. If the Buffer is set to 0 then no Buffer is added to the ATR.
Strike Switch is provided to change the way the Call and Put Options Strike Prices are calculated.
There are two options provided to calculate short strike prices for Out of Money Call and Out of Money Put.
1] Strikes calculation based on H/L of previous candle
2] Strikes calculation based on the midpoint of previous candle (High + Low) /2
Short strikes for the OTM Call Option and OTM Put Options are calculated by adding the Buffered ATR either to the Previous Day High and subtracting Buffered ATR from Previous Day Low OR by adding the Buffered ATR either to the mid point of Previous Day and subtracting Buffered ATR from mid point of previous Day. If Buffer % is set to zero then no Buffer is added to the ATR.
Traders can decide whether they wish to enter the trade if the ATR is let's say at least 1.25% or higher of the Candles closing price that will ensure decent options premium to be collected by Options Writers.
The Dashboard plots following details for 10 period
1] Closing Price (LTP)
2] % Change of Closing Price
3] ATR for the selected Period
4] % Change in ATR
5] ATR as a Percentage of LTP
6] Buffered ATR
7] CE Strike
8] PE Strike
9] Volume (IN THOUSANDS)
Hope traders will find this dashboard very useful.
Regards
Rahul Desai
@Artharjan
STructure Atr Cloud w/ TargetsThis indicator is part of our educational suite focused on teaching price structure, momentum, and mean reversion trading strategies. This indicator is recommended to be used with our “Price Action Trading Indicator” or PATI.
Components of this indicator:
Intraday and Swing Price Structure
Breaks of Structure Identification
Change of Character Identification
Fib-derived Price Targets
Dynamic ATR-based Trend Cloud
This indicator is intended to be used in conjunction with the education we provide to help our users determine their optimal trade plan to utilize their edge.
Intraday (Short-Term) Structure is displayed in gray as HH, HL, LH, LL by default, and the zig-zags can be turned on/off in the settings.
Swing Structure is displayed in yellow as HH, HL, LH, LL by default, and the zig-zags can be turned on/off in the settings.
EQL/EQH show areas where price made an equal low or high.
Dynamic ATR-based Trend Cloud (orange cloud) helps traders stay in profitable trades longer by giving them a visual aid of the current momentum. We have added a confirmation level that dynamically appears when the price breaks over/under the cloud giving validation to the potential trend shift. Failure to break this level tends to result in a rejection and continuation of the current orange cloud trend as you can see in the image above.
Change of Character (ChoCh) shows internal structural breaks where a minor level or supply/demand zone fail, resulting in a potential shift in a short-term trend. Above you can see two common ChoCh setups (head and shoulders/ inverse head and shoulders) that usually result in significant price reversals.
Above is an example of using this indicator on two timeframes to develop short and longer term targets. Previous targets can be used as areas of interest where we can look for price to bounce/reject. Target levels that develop above/below price make great areas to potentially take off some risk/ put risk on.
Please check the Author Instructions Below for how to gain access to our indicators.
VWAP filtered MACD Bars with positive MACD histogram value and closing above VWAP are colored, long positions should be taken in areas made of those bars.
Similarly, bars with negative MACD histogram value and closing below VWAP are also colored, short positions should be taken there.
This indicator by default should be a part of your trend following trading system.
In the setting you can change colors
Above grow: positive and rising MACD histogram value
Above fall: positive and falling MACD histogram value
Below fall: negative and falling MACD histogram value
Below grow: negative and rising MACD histogram value
Encounters Pro - Free versionThe Encounters Pro indicator is a general-purpose tool to improve the capacity of forecasting future market price moves.
This free version has one engine active and a second engine partially active between 15h and 17h UTC.
This indicator does not provide buy, sell or hold signals ; instead, it helps to determine the future direction of prices .
How to read it:
The engines must be tracked from bottom to the top. Red color is bearish or descending and green color is bullish or ascending. The upper engine (line) is the one that represents the immediate price direction, take it into consideration.
When two or more consecutive engines change, sequentially, from bottom to top, and they have, after this process, the same color, it may indicate that price is about to move in that direction. However, that is not enough, the trend must be already present or you must have a sound technical reason to validate the idea provided by the Encounters Pro indicator.
There are four examples on the image above.
Case 1 is a valid signal because the three upper engines changed from red to green, from bottom to top: firstly the third one, then the second one and, finally, the first one on top.
Case 2 would not be a valid singnal considering that the third engine was red before the first one turned green. However, it was a valid bullish signal because the fourth level was green before the second and the first.
Case 3 is not a valid signal because the first engine is green and the rest are red.
Case 4 is not a valid signal because the sequence goes from top to bottom and it is mandatory that the sequence goes from the bottom or lower engines to the ones on top.
Two engines switching color at the same time are valid. This is the only exception to the bottom to top rule.
The engines
The first one (the top one) leads the rest from the temporal perspective, but it is the weaker one. The sencond and rest of lines, to the bottom, reflect an increasing directional strength, and may represent deeper effects on market prices. You will have to carefully examine the chart, with historical data, and observe how price reacts as you spot different patterns among the engines of the Encounter Pro indicator.
On the main image above, the green arrows show a clear bullish tendency upon London Markets open time, for instance.
The slope and the engine position
The lines should be considered in terms of their slope and position. An ascending line is a bullish strength signal, even if a red color temporarily appears, specially if above the middle level of the engine. When the lines are on top, it means the engine is gauging the maximum possible bullish pressure, but if the line were falling at the same time, above the middle level, the bullish implication of that engine would be significantly lower.
Conversely, when lines are either stalling or close to the bottom, it is a signal of bearish increasing power.
Broadview Economic StudioThank you for taking the time to read this description. We'll be taking a look at the Broadview Economic Studio. This has been a work-in-progress for years and is a very powerful tool for planning trades with complex volume scaling strategies. We will be talking about many indicators and types of indicators used in the public domain, but it is NOT recommended to reverse engineer our scripts as there is quite a bit of logic in the code that works to make each common approach entirely unique. So although you may understand quite a bit about oscillators, the way they work with the rest of the logic within the script may change the way you know them to work from elsewhere.
In the chart snapshot above you'll see a mild configuration where I only had to tweak a few settings. Commissions are set to 0.1%, starting capital is set to $10,000, and slippage is off. In my tests orders came through less than a penny off. Generally speaking, there are really only two situations in which you should be concerned about slippage. The first is if you trade really low timeframe charts like the 1 second. This tool, while it works for any timeframe, is programmed on the 45 minute timeframe and works best there. The other situation in which you should be prepared for slippage is if you're using extremely high volume trades in the hundreds of thousands or millions depending on the market cap and liquidity of the asset you're studying. Large orders like that have to be split up among several deals and that can cause slippage.
There are 31 primary inputs for users to tweak. Each input is grouped within a module called a Suite. Each suite has a focus like filtering signals or strategically allocating volume according to your strategy. Everything starts with the Origin Suite. The Origin Suite is a group of inputs that generates Tops & Bottoms from price action. It uses math like Rate of Change, where one can specify a required rate of change before an Origin signal can be made, and users can specify how much lower in price a bar must be compared to previous bars. So with the Origin Suite, users can control how often they want to see originating signals and under what conditions they can appear.
We used to use WVF and CVI to produce top and bottom signals, but our Origin Suite works much better for systematically generating profitable configurations.
The triangles you see on the chart represent markers, potential signals, or Prop Signals as they're referred to within the script. The blue arrows represent trades where Prop Signals were allowed to pass as true long signals. There are two ways to ignore Prop Signals. You can filter the markers entirely, or you can reduce their volume scaling to the minimum which is usually $10 for most exchanges. We're first going to be talking about some of the primary DCA inputs before we talk about the technology we use to filter and overload signals.
Here are some important features found within the script:
Base Orders
Safety Orders
Take Profits
Change-Based Volume Scaling
Ignoring Low or Medium Changes
Overloading
Filtering
Alert Messages w/ Volume Scaling
Let's walk through each of these features in more depth.
The Base Order is the initial Long position within a series. It comes in first and is followed by all of its Safety Orders. The Base Order is set to $25 within the script by default. Keeping the base order low allows one to reserve more of their capital for Safety Orders that are lower within a dip, and thus, lower the user's Position Average. The primary feature of this script is to help users plan their volume scaling strategically, and this is where we start. It's this kind of due diligence and effort in protecting trades that makes this script unique.
So we start with a low Base Order. Then, we follow with a lot of Safety Orders. Typically in DCA this is done in consistent time intervals and in consistent amounts. So in regular DCA one may invest the same amount bi-weekly on pay day. They use the financial instrument as a sort of savings and average their position over their consistent investments. This is not where the bleeding edge of DCA is today though. In modern Doller Cost Averaging, I would expect to see signals and volume scaling based on logic.. as opposed to being consistent intervals.
This sets up the explanation of the primary means of volume scaling within the script. Mathematically, we start with the net balance. This is your specified starting balance plus any wins or losses. Users specify what % of their Available Balance they would like to start with when volume scaling. This percent of capital is then multiplied by a Safety Order Multiplier. The safety order multiplier is made up of a number specified by the user, multiplied by the number of the Safety Order you're on. So user's can control this equation/algorithm and scale their investments as the number of Safety Orders increases and drops in price become more opportune.
The Take Profit within the script lets users specify their desired ROI from a series. So if a user sets a 60% take profit, the script will set a price from the position average that when reached will give the user a 60% ROI for the series including its Base Order and all its Safety Orders.
Before moving on, let's talk about the amazing internal reporting found in the script. When you zoom in on the blue arrows, you can see each trade is accompanied by some extremely helpful information. This is just another feature that makes this script unique, it is the feature that gives us accurate reporting and ultimately allows us to connect with TradingView's Strategy Tester in a way that provides instant backtests with good merit. With this reporting not only can users get reports and information on trades made on different assets with different configurations, but user's can perform a deep dive on each configuration and know exactly what was going on for each trade. The first number is the number of the safety order the script is on. Remember, this is used in the primary volume scaling math. The second number is the amount the script spent on the current trade. The third number denotes the cumulative spending for the series. The final number displays the script's available balance at that time. With these numbers, the TradingView Strategy Tester, and the List of Trades feature, users can practice as much due diligence as they need during their studies.
Let's move on to talking about my favorite suite within the script, the Volume Scaling Suite. Here there are two primary means of controlling volume scaling. Although, in the near future there will be more.
In this suite you'll find Change-Based Volume Scaling and Position Average Volume Scaling. Position Average Volume Scaling is quite easy to explain. This feature only allows signals to pass if they are lower in price than your base order. In this way, users can apply most of their capital to trades that lower their position average. Simply having the money in the market can boost profits, but having a lower Position Average is the entire reason we DCA. Change-Based Volume Scaling is quite a bit more complex.
In theory, one could argue that every moment is a great moment to buy. It's just that some moments are more opportune than others. So it's not about perfect signals as much as it's about proper volume scaling.
Change-Based Volume Scaling allows us to set rules that dictate how much volume scaling is used based on the asset's current delta, or Rate of Change.
Using CBVS, one can downscale capital applied to signals with a low ROC, or simply ignore them. So if a signal comes in and the price hasn't changed very much then you can automatically use less volume for the trade. One can do the same thing for medium changes, and the user can specify what quantifies as a low or medium change. Users can give extra volume to signals with a greater rate of change, or overload signals with a high rate of change! So the CBVS feature gives users the ability to allocate volume based on logic rooted in the asset's rate of change. If a signal has dropped a lot in price, then generally, it is deserving of more capital and that's what makes this feature unique and so powerful.
There are two kinds of Overloading found in the script. There's overloading from CBVS, and then overloading from the 4 signal filtering suites. There's an important difference to note before we move on. Overloading performed by CBVS is based on ignored signals. So if you ignore low or medium change signals, and you have CBVS Overloading on, the script will allocate more capital to High Change signals. When signals are ignored, they are downscaled to $10. Whereas with the filtering suites, if a signal is filtered the Prop Signal triangle marker is removed entirely. The overloading in that scenario is simply applied to signals that aren't filtered. The reason it's done this way is because allowing ignored signals to still come in, with the lowest volume scaling possible, keeps the Safety Order count rising which works in the volume scaling math. This math is intrinsic to getting capital deep within dips and crashes.
So in future versions we may allow ignored signals to be filtered out entirely but for the time being, simply scaling them down to the lowest possible amount is what produces the best and most consistent configurations.
Let's talk about filtering signals, and the overloading provided within each filtering suite.
Here you can see our Overbought & Oversold Heatmap V3. This is a unique indicator that takes 15 common oscillators and visualizes them in a way that clearly denotes confluence. Looking at this indicator makes it easer to read cycles and trends. It is quite common for investors to base their entire scripts on one or more of the oscillators found within the OBOS Heatmap V3. So the OBOS Heatmap V3 is an awesome way to ensure your signals follow an oversold trend! The orange represents an oscillator being oversold, while the yellow represents it being overbought. Generally, when an asset is oversold it is a better time to buy. One can filter signals based on this information and use the Heatmap's unique ability to quantify confluences. In this script users can set a sensitivity and that sets the number of oscillators that must be in agreement before a signal is allowed to pass.
Here are the oscillators found within the OBOS Heatmap:
*Please keep in mind that although some of these oscillators may have big names, the code and math in the script may work differently than you're used to. This is because the code and math is changed quite a bit, and the overall intended functionality of the OBOS Heatmap has a larger scope than any one indicator. It's also important to note that the lengths for these oscillators are set low and are meant to classify the individual signal as either overbought or oversold, and not the entire period. So while the OBOS Heatmap is awesome for trends and cycles, it's ultimately meant to classify individual price bars as either overbought or oversold according to a consensus.*
Relative Strength Index
Money Flow Index
Commodity Channel Index
Aroon Oscillator
Relative Volatility Index
Fast Stochastic Detrended Price Oscillator
Fast Stochastic Elders Force Index
Fast Stochastic Relative Strength Index
Fast Stochastic Relative Vigor Index
Fast Stochastic Klinger Oscillator
Fast Stochastic Awesome Oscillator
Fast Stochastic Ultimate Oscillator
Fast Stochastic Chande Momentum Oscillator
Fast Stochastic On Balance Volume Oscillator
Fast Stochastic Moving Average Convergence/Divergence
Each band of the Overbought & Oversold Heatmap represents an oscillator. When it's orange it's said to be oversold. When it's yellow it's said to be overbought. The indicator turns purple during trends and reversals where it is neither overbought nor oversold. It can differentiate between uptrends and downtrends with differing colors of purple, but the OBOS Heatmap is not used for trends or cycles in this script. It is used to quantify oversold confluence.
Let's talk about the Dominance Suite.
First note in the top portion of the screenshot above, you will see various colors in the script. It replaces the price line with something we call Price Flow bars. So when you add the script it's best to make the stock price line invisible in TV settings. The Price Flow Bars use a preset EMA to color price action as being in either a downward momentum or upward momentum. The triangular signals represent dark teal for the initial long marker within a series, dark green for long orders and long signals that convert into safety orders, and light green for safety orders. This is more logic that makes this script really unique. The dark green initial long marker signals are rarely seen. You can find them at the beginning of a new series of signals and they work to establish when a new series of signals should begin. The dark green signals actually denote a long base order opportunity, but if a series has already started then these signals are converted into Safety Orders. The Safety Orders then come in light green, and red for Prop Shorts. Prop Shorts work with Initial Longs to establish the start of a new series. More on that math I cannot tell.
In the bottom half of the screenshot is the Dominance Suite itself. It's another one of the four filtering suites found in the script. It is made up of 7 oscillators that work to classify a price bar as being controlled by either the bears or the bulls. If a price bar is controlled by the bears it is said to be a better investment. The Dominance Suite works by applying a moving average to the balance of power. This is the way TradingView has intended the balance of power to be used, and works quite nicely in classifying individual price bars as either bearish or bullish. It's not an overall trend indicator as much as it states whether a bar is mostly controlled by the bears or the bulls.
Here are the oscillators found within the Dominance Suite:
SMA of BOP
EMA of BOP
HMA of BOP
WMA of BOP
VWMA of BOP
TEMA of BOP
LSMA of BOP
Within the script, there is an input for a negative threshold. When each of these 7 oscillators is in confluence and below this set threshold, the Prop Long will be allowed to pass as a real trade.
Keep in mind that each filtering suite also has the option to overload signals.
So not only can you filter signals based on these suites but you can also apply additional volume scaling to signals that don't get filtered.
Here we have the True Oscillator. The True Oscillator is a brand new oscillator. It's similar to things like the RSI or DPO, but technically speaking it considers many more factors into its average than other oscillators. It considers balance of power, sentiment, volume, momentum, gravity, and places special-strategic weighting on price data based on whether it's opening, closing, high, or low. If you stack the True Oscillator up with the RSI you'll notice right away they look similar, but each movement is quite different. Overall the movements are more balanced, the individual bars are more consistent with price data, and the swings are more clearly pronounced while simultaneously having a better register of strength in momentum. We use this indicator to filter and overload signals, to trade according to momentum, and to provide a 16th independent oscillator that can check the OBOS Heatmap without having to be confluent.
The final filtering suite is based on Net Volume. It classifies signals as oversold when there is a significant negative trend in net volume. If Net Volume is under 0, and trends downward for either 3, 4, or 5 bars in a row then it will mark a signal as oversold and allow it to pass. Then, if overloading for this suite is turned on it will allocate more volume to signals it does not filter out.
There is a lot that can be said about this strategy. The primary takeaway though is that it's not just one strategy. It's a tool for everyone, to help them plan their approach to different assets in different market climates. This tool can help you study current market conditions. It can allow you to plan a strategic approach to market segments, and see how your strategy would fare if new market data performed similarly. It's not just one strategy, but more of a strategy printer.
The Origin Suite allows users to plan the positioning of their signals. The Overbought & Oversold Suite allows users to filter their signals based on whether or not they are oversold. The Dominance Suite allows users to filter signals based on whether the market is being controlled by the bears or the bulls. The True Oscillator gives users the ability to filter signals based on a deep and powerful momentum oscillator. The Net Volume Suite lets users filter signals based on volume trends. When signals are filtered, signals that pass, can be overloaded with additional volume scaling. Features like Change-Based Volume Scaling and Position Average Volume Scaling give users plenty of inputs to create complex volume scaling strategies. Common-sense DCA inputs allow users to scale into markets the way pros do.
The Broadview Economic Studio is a powerful tool for planning trades with complex volume scaling strategies.
Users can plan their approach to different kinds of markets. They can link the script with their bot or broker like 3Commas, and the script will automatically send the correct volume scaling through to the bot.
Thank you for your time, and for reading the description of the Broadview Economic Studio.
Range Identifier*Re-upload as previous attempt was removed.
An attempt to create a half decent identifier of when the markets are ranging and in a state of choppiness and mean reversion - as opposed to in trending trade conditions.
It's super simple logic just working on some basic price action and market structure operating on higher time frames.
It uses the Donchian Channels but with hlc3 data as opposed to high/lows - and identifies periods in which the baseline is static, or when the channel upper & lower are contracting.
This combination identifies non trending price action with decreasing volatility, which tends to indicate a lot of upcoming chop and ranging/sideways action; especially when intraday trading and applied on the daily timeframe.
The filter increasing results in a decrease of areas identified as choppy by extending the required period of a sideways static basis, I've found values of 2 or 3 to be a nice sweetspot!
Overall should be pretty intuitive to use, when the background changes just consider altering your trading and investing approach. This was created as I've not really seen anything on here that functions quite the same.
I decided to not include the Donchian upper/lower/basis as I found that can often lead to decision bias and being influenced by where these lines are situated causing you to guess on future direction.
It's obviously never going to be perfect, but a nice and unbiased way to quickly check where we may be in a cycle; let me know if there are any issues/questions and please enjoy!
