Sum Trend OscillatorPublishing my first indicator.
This one accumulates bars over two short period and divide that by the difference between a long term mean value of high-low
Buy/Sell signal is when both line cross at close below or above the center line.
Analisis Trend
Pre-Market and First 5-Minute LevelsThis will plot the pre-market high an the pre-market low right when market opens after the first five minutes, this will also apply for the first five minute high and five minute low with horizontal rays. Pre-Market levels are blue and 5 minute levels are orange
Premarket and Opening Range (First 30 minutes) LevelsThis indicator is for people who like to utilize the pre-market highs and pre-market Low's as well as the first 30 minutes high and low, or some people like to call the opening range. I hope you find value in this. Note, the levels will only appear after tracking. Premarket levels will happen after pre-market closes. Opening Range levels will show right after the first 30 minutes.
Mongoose Market Tracker
**Mongoose Market Tracker**
The **Mongoose Market Sentinel** script is a custom indicator designed to help traders identify unusual market activity that may indicate potential manipulation. This script uses dynamic volume and price action analysis to highlight areas where sudden spikes in volume or irregular candle structures occur.
### Features:
- **Volume Spike Detection**: Flags areas where trading volume significantly deviates from the average, potentially signaling manipulation or abnormal market behavior.
- **Wick-to-Body Ratio Analysis**: Detects candles with disproportionate wicks compared to their bodies, which may indicate price manipulation or liquidity hunting.
- **Auto-Adjusting Thresholds**: Automatically optimizes detection parameters based on the selected time frame, making it suitable for both short-term and long-term analysis.
- **Visual Alerts**: Highlights suspicious activity directly on the chart with clear labels and background coloring, designed for easy readability in dark mode.
- **Customizable Alerts**: Allows users to set notifications for flagged events, ensuring timely awareness of potential risks.
### Intended Use:
This script is a tool for monitoring market behavior and is not a standalone trading strategy. Traders should use it as a supplementary analysis tool alongside other indicators and market knowledge. Always conduct your own research and practice risk management when making trading decisions.
RSI NarrativesDescription:
The RSI Narratives script aggregates Relative Strength Index (RSI) values across multiple cryptocurrency narratives or sectors, providing an easy-to-read visual and alert system for trend reversals and overbought/oversold conditions. This tool is designed for traders looking to track sector-specific trends and compare performance across AI, DeFi, Level 1 blockchains, and more.
Key Features:
RSI Aggregation by Sector: Calculates average RSI for key narratives, including AI, DeFi, Level 1 blockchains, new memes, and more.
Customizable RSI Settings: Adjust RSI period, line width, and label offsets for personalized analysis.
Dynamic Alerts: Receive alerts when a narrative enters overbought or oversold territory, helping you act quickly on market movements.
Clean Visualization: Overlay sector-specific SMA lines with distinct colors and optional labels for quick interpretation.
Multi-Narrative Comparison: Analyze trends across diverse narratives to identify emerging opportunities.
Parameters for Customization:
RSI Period: Set the lookback period for RSI calculations (default: 14).
Line Width: Adjust the thickness of plotted lines (default: 2).
Label Offset: Control label placement for better chart readability.
Overbought/Oversold Thresholds: Configure the RSI levels for alerts (default: 70/40).
How to Use:
Add the script to your TradingView chart.
Customize the RSI parameters to suit your trading strategy.
Monitor the plotted SMA lines to identify narrative-specific trends.
Set alerts for overbought and oversold conditions to stay informed in real time.
Alerts System:
Alerts trigger when a narrative crosses predefined overbought or oversold levels.
Text notifications suggest potential trading actions, such as selling on overbought or buying on oversold.
Intended Users:
This script is ideal for crypto traders, sector analysts, and market enthusiasts who want to track performance across narratives and gain actionable insights into sector rotations.
Disclaimer:
This script is for educational and informational purposes only. It does not constitute financial advice. Please test on historical data and practice caution when trading.
Supports and Resistances Multi Timeframe - VK TradingThe Supports and Resistances Multi Timeframe - VK Trading indicator is designed to help traders identify key support and resistance levels across multiple timeframes. It integrates real-time market data with smooth, customizable visual markers, allowing traders to quickly spot potential entry and exit points. This tool is particularly valuable for trend-following traders who want to see the most critical levels of price action on various timeframes.
Features:
Multi-Timeframe Support: Display support and resistance levels for the current, first, and second timeframes, helping traders identify price points across different market cycles.
Customizable Appearance: Choose from various colors for levels and bands, as well as transparency settings to match your chart's design.
ATR-based Bands: Uses the Average True Range (ATR) to dynamically adjust the width of support and resistance bands, offering more accurate price movement insights.
Pivot Points: Identifies pivot highs and lows, offering precise support and resistance levels based on the price action.
Smoothing Options: Customize the ATR smoothing method with options like RMA, SMA, EMA, and WMA for better alignment with your trading strategy.
Functionalities:
Quick Level Detection: The indicator highlights the most recent high and low levels on the current timeframe, ensuring you’re always aware of nearby price barriers.
Support and Resistance Visualization: Easily visualize the major support and resistance levels on multiple timeframes, improving decision-making and trade management.
Dynamic Band Widths: Customize the ATR multiplier for each timeframe, adapting the support and resistance bands based on the volatility of the market.
Multi-Timeframe Integration: View price action levels from a broader perspective with support and resistance data from the current, first, and second timeframes all in one chart.
Flexible Timeframe Selection: Choose your preferred timeframes for support and resistance levels, from daily, weekly, to monthly, for broader or narrower market views.
How it Helps Traders:
This indicator is ideal for traders who rely on multi-timeframe analysis to make well-informed trading decisions. By visualizing key support and resistance levels across several timeframes, traders can improve the precision of their entries and exits, better manage risk, and enhance their market timing. The tool provides a comprehensive view of price action, allowing traders to spot potential reversals and breakouts, making it easier to execute strategies effectively.
Disclaimer:
This script is an educational and analytical tool. It does not guarantee specific results or eliminate trading risk. Trading in the financial markets involves significant risks; use this script at your own risk.
Correlation Pro
Smart Correlation Pro is an indicator for assessing the correlation between two assets in the market. It analyzes correlation over a selected period and provides traders with flexible tools for making informed decisions.
Key Features:
1. Correlation coefficient (-1 to 1):
• 1: Perfect positive correlation (movement in the same direction).
• 0: No correlation (assets are independent).
• -1: Perfect negative correlation (movement in opposite directions).
2. Dynamic analysis:
• Changes the color of the line depending on the strength of the correlation:
• Green — high positive correlation.
• Red — high negative correlation.
• Gray — weak or no correlation.
3. Trading signals:
• Automatic alerts when important correlation levels are reached (> 0.8 or < -0.8).
• Visual cues for identifying potential entry points or risk diversification.
4. Customizable settings:
• Compare any two assets (e.g., BTC and ETH).
• Ability to choose the correlation calculation period.
Who it’s for:
• Traders analyzing coin movements in the cryptocurrency market.
• Investors looking for the strongest or weakest assets for their portfolio.
• Those working with hedging or diversification strategies.
How to Use:
1. Set the second asset in the indicator settings.
2. Analyze the correlation change on the chart:
• High positive correlation → similar price movement, opportunity for hedging.
• High negative correlation → opposite movement, suitable for diversification.
• Low correlation → independence of assets, opportunity to choose the stronger asset.
Benefits:
• Easy to use.
• Instant analysis of asset correlations.
• Increases decision-making accuracy in the market.
(Опис:
Smart Correlation Pro — це індикатор для оцінки взаємозв’язку між двома активами на ринку. Він аналізує кореляцію за обраним періодом та надає трейдерам гнучкі інструменти для ухвалення обґрунтованих рішень.
Основні можливості:
1. Коефіцієнт кореляції (-1 до 1):
• 1: Ідеальна позитивна кореляція (рух в одному напрямку).
• 0: Відсутність кореляції (активи незалежні).
• -1: Ідеальна негативна кореляція (рух у протилежних напрямках).
2. Динамічний аналіз:
• Змінює колір лінії залежно від сили кореляції:
• Зелений — висока позитивна кореляція.
• Червоний — висока негативна кореляція.
• Сірий — слабка або відсутня кореляція.
3. Сигнали для трейдингу:
• Автоматичні оповіщення при досягненні важливих рівнів кореляції (> 0.8 або < -0.8).
• Візуальні підказки для визначення можливих точок входу або диверсифікації ризиків.
4. Гнучкість налаштувань:
• Порівнюйте будь-які два активи (наприклад, BTC та ETH).
• Можливість обирати період розрахунку кореляції.
Кому підходить:
• Трейдерам, які аналізують рух монет на криптовалютному ринку.
• Інвесторам, що шукають найсильніші або найслабші активи для портфеля.
• Тих, хто працює з хеджуванням або диверсифікацією.
Як використовувати:
1. Встановіть другий актив у параметрах індикатора.
2. Аналізуйте зміну кореляції на графіку:
• Висока позитивна кореляція → схожий рух цін, можливість хеджування.
• Висока негативна кореляція → протилежний рух, підходить для диверсифікації.
• Низька кореляція → незалежність активів, можливість вибору сильнішого активу.
Переваги:
• Простота у використанні.
• Миттєвий аналіз взаємозв’язків між активами.
• Підвищує точність рішень на ринку.)
Probability System v1.0 [AstroHub]The Probability System is an indicator designed to assess the likelihood of a market trend change based on the analysis of previous candles. The system calculates the probability of price increasing (up) or decreasing (down) based on the count of bullish (up) and bearish (down) candles over a selected period. The script generates buy and sell signals based on these probabilities and displays visual elements that help traders gauge the strength of the trend across different timeframes.
How it works:
Probability Calculation:
The script analyzes the open and close prices of candles over the chosen period (default is 20).
Using this data, the script calculates the probability of price increasing Up Probability or decreasing Down Probability as percentages.
Signal Generation:
A Green signal is generated when the upProbability exceeds a set threshold.
A Red signal is generated when the downProbability exceeds a threshold.
Multi-Level Visualization:
For both up and down probabilities, four levels are defined: 50%, 60%, 70%, and 80%. Each level is represented by circles with varying intensity (color opacity):
Green circles below the price represent up probabilities, with increasing intensity indicating a stronger bullish trend.
Red circles above the price represent down probabilities, with increasing intensity showing stronger bearish signals.
Alerts:
Alerts are set up for each probability level, notifying traders in real-time when specific thresholds are met.
The alerts provide the exact percentage of the probability, allowing traders to act on changes in the market conditions promptly.
How to Use:
Set the desired analysis period (default is 20) and the probability threshold (e.g., 80%) for buy or sell signals.
The script will automatically display signals on the chart, as well as color-coded circles to indicate the probability strength.
Enable real-time notifications for each probability level to keep track of changes in the market trend.
This script is suitable for all types of traders, whether using short-term or long-term strategies.
Unique Features:
Multi-Level Probability Visualization: Four distinct probability levels (50%, 60%, 70%, 80%) are displayed with varying color intensities, providing a clearer understanding of market conditions.
Flexible Settings: Users can customize the analysis period and probability threshold according to their trading style and market conditions.
Real-Time Alerts: Alerts for different probability levels help traders respond swiftly to changes in the market.
Dynamic Signals Based on Statistics: The indicator doesn't rely on fixed data but rather uses the actual statistics of past candles, offering more accurate and timely signals for traders.
Suitable for All Trading Styles: Whether you trade short-term or follow longer-term strategies, this system is versatile and valuable for both types of traders.
Who it’s for:
This indicator is ideal for traders who use technical analysis and are looking for accurate signals based on the probability of trend changes. It’s useful for both beginner and experienced traders who want to improve the precision of their market decisions.
VIX CANDLESThe VIX CANDLES indicator is designed to visualize the Williams VIX Fix, a volatility measure that mimics the VIX index but applies to different financial instruments.
This indicator calculates a custom "VIX-like" value based on the highest close over a specified look-back period and plots the result as candlesticks. It also includes an Exponential Moving Average (EMA) to help identify trends and potential buy/sell signals.
Williams VIX Fix Calculation: Measures volatility by comparing the current low to the highest close over the given period, then expressing the result as a percentage.
Custom Candles: The VIX Fix is displayed as a set of candlesticks where the body is colored based on whether the close is higher (green) or lower (red) than the open.
Exponential Moving Average (EMA): An EMA is applied to the VIX Fix value to smooth the data and identify trend changes. The EMA's length is customizable.
Trade Direction Labels: Labels are plotted when the VIX Fix crosses above or below the EMA, signaling potential buy (▽) or sell (△) opportunities.
Customization: Colors for the candlesticks and EMA, as well as the look-back period and EMA length, can be adjusted to suit your preferences.
This indicator is useful for traders looking to track volatility and identify potential trend shifts in the market. By combining the Williams VIX Fix with an EMA, it provides a more dynamic view of market conditions, helping traders spot extreme volatility and adjust their strategies accordingly.
Multi-TF Pivots V1The Multi-TF Pivots Indicator is a powerful and customizable pivot point tool for TradingView. This script allows traders to calculate and display pivot points on a wide range of timeframes, from 1-minute to weekly intervals. It supports both Classic and Fibonacci pivot styles and includes options to customize line colors, label positions, and price visibility. The indicator is ideal for traders who rely on pivot points for intraday and swing trading strategies, offering a clear visual representation of key support and resistance levels. With its flexibility and comprehensive features, this indicator is an essential tool for precise technical analysis.
اندیکاتور Multi-TF Pivots یک ابزار قدرتمند و قابل تنظیم برای محاسبه و نمایش پیوت پوینتها در پلتفرم TradingView است. این اسکریپت به معاملهگران امکان میدهد پیوت پوینتها را در طیف گستردهای از تایمفریمها، از ۱ دقیقه تا هفتگی، محاسبه و نمایش دهند. این اندیکاتور از سبکهای پیوت Classic و Fibonacci پشتیبانی میکند و گزینههایی برای شخصیسازی رنگ خطوط، موقعیت برچسبها و نمایش قیمتها دارد. این ابزار برای معاملهگرانی که به پیوت پوینتها برای استراتژیهای معاملاتی روزانه و نوسانی متکی هستند ایدهآل است و نمایش بصری واضحی از سطوح کلیدی حمایت و مقاومت ارائه میدهد. با انعطافپذیری و ویژگیهای جامع خود، این اندیکاتور یک ابزار ضروری برای تحلیل تکنیکال دقیق است
LevelUp^ Power Trend ScreenerScreen for symbols in a Power Trend using the Pine Screener. This screener supports all equity types from stocks to ETFs to crypto.
When a Power Trend is active, there is a stronger than usual uptrend underway. The concept of a Power Trend was created by Investor's Business Daily to mimic the trading style of IBD's Founder and legendary trader, William O'Neil.
🔹 What Starts A Power Trend?
✓ Low is above the 21-day EMA for at least 10 days.
✓ 21-day EMA is above the 50-day SMA for at least five days.
✓ 50-day SMA is in an uptrend.
✓ Close up for the day.
🔹 What Ends A Power Trend?
✓ 21-day EMA crosses under 50-day SMA.
✓ Close 10% below recent high and below the 50-day SMA.
🔹 Screening Features - Setting Your Search Criteria
There are various search options that can be customized to meet your preferences.
▪ In A Power Trend
To cast the widest net, select only this option and all stocks in a Power Trend will be returned.
▪ Power Trend Started
This option will search for symbols that began a Power Trend on the most recent daily bar.
▪ Power Trend Ended
This option will search for symbols where there was an active Power Trend, however, it ended on the most recent daily bar.
▪ Days In A Power Trend
This option can be helpful if you would like to find stocks that recently entered a Power Trend, for example, stocks that have been in a Power Trend for less than 5 days. Another use would be to search for stocks where the Power Trend has been active for a longer period of time, for instance, over 50 days.
▪ 1 Week % Change
With this option you can search for stocks that are up/down a specific percentage over the past week. For example, search for stocks in a Power Trend that are up 5% or more in the past week.
▪ 1 Month % Change
Similar to the above, narrow the search to percent changes based on monthly data. For example, return stocks in a Power Trend that are down 10% or more in the past month.
▪ Limit Symbol Types
If you have a watchlist that has multiple symbol types, for example stocks and crypto, you can set this option to limit the search to one or more symbol types. You can configure this option by clicking the drop-down to the right of the indicator name and selecting Settings.
🔹 Installation And Usage
▪ Mark this indicator as a Favorite.
▪ Use the Pine Screener to search for Power Trends.
▪ Save the search results to a watchlist.
▪ View the watchlist in TradingView.
🔹 Power Trend Indicator
This screener is designed to be used along with the Power Trend indicator to view Power Trends on your chart.
🔹 Important Notes
▪ This indicator is for screening, there is no visible output on the chart.
▪ Once you mark this screener as a Favorite, you can remove it from your chart.
▪ The Power Trend concept as defined by Investor's Business Daily is based on moving averages on the daily timeframe. Given this requirement, this screener is also limited to searching the same timeframe.
Abz Simple TrendThe goal of this indicator is to provide an "at-a-glance" trend-oriented moving averages indicator that helps with medium and long term trades and investments.
It should work on any chart timeframe but is intended for people interested in how the price is trending over longer timeframes.
Everything in the indicator is calculated against a weekly chart. This means if you're viewing it on another chart timeframe, such as the daily chart, the indicator will show the lines in the same places.
This indicator is intended to be easy enough for people without significant technical chart reading knowledge: Red means the market momentum is likely negative. Green is "bullish".
This is a lagging indicator. If you're new, this may seem like a bad thing, but markets eventually "revert to the mean". They tend to overshoot up and down from major trend lines, but eventually reconnect.
The indicator tracks 4 different moving averages:
- The Main moving average that is the thick, bright line on the chart
- The momentum line
- The 28w moving average (with smoother applied)
- The slow moving average (200w with special filters and smoother applied). This is the final mean reversion line.
The indicator is set up with multiple alerts and you can adjust everything via the settings.
Just remember that no indicator is a "cure all". You should not blindly trade based on the signals this gives out. It is not optimized to be the perfect trading bot but it will help to validate or invalidate your decisions. It's my favorite "at-a-glance" indicator, but I always look at the price action and see when the price reverses as that will occur before the indicator confirms it.
Other indicators that may help you confirm your decisions include: Volume, MACD, and RSI (especially when you understand divergences between the price action and the RSI).
Previous Day High and Low by DRK TradingThe Previous Day High and Low Indicator is a simple yet powerful tool designed for traders who want to keep track of critical levels from the previous trading session. This indicator automatically marks the high and low of the previous day on your chart with dashed horizontal lines, making it easier to identify key support and resistance zones.
Features:
Horizontal Lines: Clearly marks the previous day's high and low levels.
Dynamic Updates: Automatically updates at the start of a new trading day.
Visual Clarity: Includes labels at the start of the day for quick reference.
Customizable: Works seamlessly across all timeframes and instruments.
Use Case:
Identify potential breakout and reversal zones.
Enhance intraday and swing trading strategies by focusing on key price levels.
Plan stop-loss and target levels based on historical price movements.
This indicator is perfect for price action traders, intraday scalpers, and swing traders who rely on past price behavior to make informed decisions.
Statistical Trend Analysis (Scatterplot) [BigBeluga]Statistical Trend Analysis (Scatterplot) provides a unique perspective on market dynamics by combining the statistical concept of z-scores with scatterplot visualization to assess price momentum and potential trend shifts.
🧿 What is Z-Score?
Definition: A z-score is a statistical measure that quantifies how far a data point is from the mean, expressed in terms of standard deviations.
In this Indicator:
A high positive z-score indicates the price is significantly above the average.
A low negative z-score indicates the price is significantly below the average.
The indicator also calculates the rate of change of the z-score, helping identify momentum shifts in the market.
🧿 Key Features:
Scatterplot Visualization:
Displays data points of z-score and its change across four quadrants.
Quadrants help interpret market conditions:
Upper Right (Strong Bullish Momentum): Most data points here signal an ongoing uptrend.
Upper Left (Weakening Momentum): Data points here may indicate a potential market shift or ranging market.
Lower Left (Strong Bearish Momentum): Indicates a dominant downtrend.
Lower Right (Trend Shift to Bullish/Ranging): Suggests weakening bearish momentum or an emerging uptrend.
Color-Coded Candles:
Candles are dynamically colored based on the z-score, providing a visual cue about the price's deviation from the mean.
Z-Score Time Series:
A line plot of z-scores over time shows price deviation trends.
A gray histogram displays the rate of change of the z-score, highlighting momentum shifts.
🧿 Usage:
Use the scatterplot and quadrant gauges to understand the current market momentum and potential shifts.
Monitor the z-score line plot to identify overbought/oversold conditions.
Utilize the gray histogram to detect momentum reversals and trend strength.
This tool is ideal for traders who rely on statistical insights to confirm trends, detect potential reversals, and assess market momentum visually and quantitatively.
Market Structure Trend Targets [ChartPrime]The Market Structure Trend Targets indicator is designed to identify trend direction and continuation points by marking significant breaks in price levels. This approach helps traders track trend strength and potential reversal points. The indicator uses previous highs and lows as breakout triggers, providing a visual roadmap for trend continuation or mean reversion signals.
⯁ KEY FEATURES AND HOW TO USE
⯌ Breakout Points with Numbered Markers :
The indicator identifies key breakout points where price breaks above a previous high (for uptrends) or below a previous low (for downtrends). The initial breakout (zero break) is marked with the entry price and a triangle icon, while subsequent breakouts within the trend are numbered sequentially (1, 2, 3…) to indicate trend continuation.
Example of breakout markers for uptrend and downtrend:
⯌ Percentage Change Display Option :
Traders can toggle on a setting to display the percentage change from the initial breakout point to each subsequent break level, offering an easy way to gauge trend momentum over time. This is particularly helpful for identifying how far price has moved in the current trend.
Percentage change example between break points:
⯌ Dynamic Stop Loss Levels :
In uptrends, the stop loss level is placed below the price to protect against downside moves. In downtrends, it is positioned above the price. If the price breaches the stop loss level, the indicator resets, indicating a potential end or reversal of the trend.
Dynamic stop loss level illustration in uptrend and downtrend:
⯌ Mean Reversion Signals :
The indicator identifies potential mean reversion points with diamond icons. In an uptrend, if the price falls below the stop loss and then re-enters above it, a diamond is plotted, suggesting a possible mean reversion. Similarly, in a downtrend, if the price moves above the stop loss and then falls back below, it indicates a reversion possibility.
Mean reversion diamond signals on the chart:
⯌ Trend Visualization with Colored Zones :
The chart background is shaded to visually represent trend direction, with color changes corresponding to uptrends and downtrends. This makes it easier to see overall market conditions at a glance.
⯁ USER INPUTS
Length : Defines the number of bars used to identify pivot highs and lows for trend breakouts.
Display Percentage : Option to toggle between showing sequential breakout numbers or the percentage change from the initial breakout.
Colors for Uptrend and Downtrend : Allows customization of color zones for uptrends and downtrends to match individual chart preferences.
⯁ CONCLUSION
The Market Structure Trend Targets indicator offers a strategic way to monitor market trends, track breakouts, and manage risk through dynamic stop loss levels. Its clear visual representation of trend continuity, alongside mean reversion signals, provides traders with actionable insights for both trend-following and counter-trend strategies.
Nimu Market on DemandNimu Market On Demand is an innovative tool designed to provide a visual representation of market demand levels on a scale of 1 to 100. This scale is displayed at specific intervals , making it easy for users to understand market demand fluctuations in real time.
To enhance analysis, Nimu Market On Demand also incorporates the Relative Strength Index (RSI) with key thresholds at . RSI is a widely-used technical indicator that measures market strength and momentum, offering insights into overbought (excessive buying) or oversold (excessive selling) conditions.
The combination of the Demand graph and RSI enables users to:
Identify the right time to buy when the RSI falls below 30, signaling an oversold condition.
Determine the optimal time to sell when the RSI rises above 70, indicating an overbought condition.
With an integrated visualization, users can effortlessly observe demand patterns and combine them with RSI signals to make smarter and more strategic trading decisions. This tool is designed to help traders and investors maximize opportunities in a dynamic market environment.
Absorption AnalysisThe Absorption Analysis indicator identifies potential market turning points by analyzing volume, price patterns, and market structure across multiple dimensions. It combines traditional technical signals with volume analysis and success rate tracking to provide high-probability reversal opportunities.
Signal Types & Classification
1. Pattern-Based Signals (W-Bottom & M-Top)
**W-Bottom Pattern**
- Pattern Structure:
* Price makes a low below the lower Bollinger Band
* First bounce occurs with price moving higher
* Secondary test forms a higher low
* Final confirmation with bullish close above lower band
- Volume Requirements:
* Must exceed 1.5x the 20-period volume moving average
- Visual Indicators:
* Blue dotted line appears at pattern low
* Line remains until broken by price
* Label shows volume and percentage from baseline
- Success Tracking:
* Pattern stored in historical database
* Success measured by upward price movement
* Historical success rate displayed with signal
**M-Top Pattern**
- Pattern Structure:
* Price makes a high above the upper Bollinger Band
* First pullback occurs with price moving lower
* Secondary push forms a lower high
* Final confirmation with bearish close below upper band
- Volume Requirements:
* Must exceed 1.5x the 20-period volume moving average
- Visual Indicators:
* Orange dotted line appears at pattern high
* Line remains until broken by price
* Label shows volume and percentage from baseline
- Success Tracking:
* Pattern stored in historical database
* Success measured by downward price movement
* Historical success rate displayed with signal
2. Technical Reversals
**Bullish Reversal**
- Entry Conditions:
* Previous candle closes below lower Bollinger Band
* Previous candle must be bearish
* Current candle closes above lower band
* Current candle must be bullish
- Volume Validation:
* Volume must exceed 1.5x 20-period MA
- Visual Markers:
* Green label at reversal point
* Includes volume context
- Trading Implementation:
* Suggests strong buying pressure overcoming selling
* Often marks end of downward price exhaustion
**Bearish Reversal**
- Entry Conditions:
* Previous candle closes above upper Bollinger Band
* Previous candle must be bullish
* Current candle closes below upper band
* Current candle must be bearish
- Volume Validation:
* Volume must exceed 1.5x 20-period MA
- Visual Markers:
* Red label at reversal point
* Includes volume context
- Trading Implementation:
* Suggests strong selling pressure overcoming buying
* Often marks end of upward price exhaustion
3. Volume-Based Reversals
**High Volume Bear to Bull**
- Signal Formation:
* High volume bearish candle (2.5σ above mean)
* Immediately followed by high volume bullish candle
- Market Psychology:
* Shows strong selling being absorbed by buying
* Often indicates institutional accumulation
- Visual Identification:
* Purple "HV Bull" label
* Includes volume statistics
- Trading Context:
* Strong signal for trend reversal
* Most effective at support levels
**High Volume Bull to Bear**
- Signal Formation:
* High volume bullish candle (2.5σ above mean)
* Immediately followed by high volume bearish candle
- Market Psychology:
* Shows strong buying being absorbed by selling
* Often indicates institutional distribution
- Visual Identification:
* Purple "HV Bear" label
* Includes volume statistics
- Trading Context:
* Strong signal for trend reversal
* Most effective at resistance levels
4. Absorption Signals
**Buy Absorption**
- Technical Requirements:
* High volume conditions (2.5σ above mean)
* Spread momentum must be negative
* Fast spread MA below slow spread MA
* Bullish closing candle
- Market Interpretation:
* Indicates buying pressure absorbing selling
* Often precedes upward movement
- Visual Markers:
* Red label with volume context
* Placed at significant price levels
**Sell Absorption**
- Technical Requirements:
* High volume conditions (2.5σ above mean)
* Spread momentum must be negative
* Fast spread MA below slow spread MA
* Bearish closing candle
- Market Interpretation:
* Indicates selling pressure absorbing buying
* Often precedes downward movement
- Visual Markers:
* Green label with volume context
* Placed at significant price levels
Volume Analysis Components
Volume Calculation
- Rolling baseline volume calculated based on timeframe:
* Monthly: 6-period sum
* Weekly: 12-period sum
* Daily: 20-period sum
* Intraday: Proportional to timeframe
- Net volume = Bullish volume - Bearish volume
- Volume percentage calculated against baseline
- High volume threshold = 2.5 standard deviations
- Pattern volume threshold = 1.5x 20MA
Exchange Aggregation
- Primary symbol (chart) always included
- Optional secondary symbol data
- Combines volume data for stronger signals
- Useful for crypto markets with split liquidity
Success Rate Implementation
Rate Calculation
- Based on user-defined lookback period
- Separately tracked for each pattern type
- Bullish patterns: Percentage of times price moved higher
- Bearish patterns: Percentage of times price moved lower
- Used to filter alerts with minimum threshold
Pattern Storage
- Arrays maintain historical pattern data
- Limited to lookback period size
- Oldest patterns removed as new ones form
- Constantly updated success rates
## Trading Implementation
### Signal Priority
1. Pattern Signals (W/M)
- Highest reliability due to complex criteria
- Must meet all volume and price conditions
- Line break provides clear invalidation
2. High Volume Reversals
- Strong indication of institutional activity
- Clear volume confirmation
- Immediate reversal potential
3. Technical Reversals
- Traditional technical analysis backbone
- Enhanced with volume confirmation
- Good for trend trading
4. Absorption Signals
- Early warning system
- Best used with other confirmations
- Good for position building
Best Practices
- Look for multiple signal types aligning
- Consider higher timeframe context
- Use success rates to filter setups
- Monitor volume context closely
- Wait for candle closes
- Use line breaks for clear invalidation
- Consider market structure
- Pay attention to success rates
- Use appropriate position sizing
Risk Management
- Use pattern breaks for stop losses
- Consider historical success rates
- Larger positions for multiple signal confluence
- Respect timeframe hierarchy
- Monitor volume for confirmation
- Use proper position sizing
- Consider market volatility
This indicator provides a comprehensive framework for identifying potential market turning points while maintaining rigorous risk management through multiple confirmation factors and clear invalidation levels.
Profitability Visualization with Bid-Ask Spread ApproximationOverview
The " Profitability Visualization with Bid-Ask Spread Approximation " indicator is designed to assist traders in assessing potential profit and loss targets in relation to the current market price or a simulated entry price. It provides flexibility by allowing users to choose between two methods for calculating the offset from the current price:
Bid-Ask Spread Approximation: The indicator attempts to estimate the bid-ask spread by using the highest (high) and lowest (low) prices within a given period (typically the current bar or a user-defined timeframe) as proxies for the ask and bid prices, respectively. This method provides a dynamic offset that adapts to market volatility.
Percentage Offset: Alternatively, users can specify a fixed percentage offset from the current price. This method offers a consistent offset regardless of market conditions.
Key Features
Dual Offset Calculation Methods: Choose between a dynamic bid-ask spread approximation or a fixed percentage offset to tailor the indicator to your trading style and market analysis.
Entry Price Consideration: The indicator can simulate an entry price at the beginning of each trading session (or the first bar on the chart if no sessions are defined). This feature enables a more realistic visualization of potential profit and loss levels based on a hypothetical entry point.
Profit and Loss Targets: When the entry price consideration is enabled, the indicator plots profit target (green) and loss target (red) lines. These lines represent the price levels at which a trade entered at the simulated entry price would achieve a profit or incur a loss equivalent to the calculated offset amount.
Offset Visualization: Regardless of whether the entry price is considered, the indicator always displays upper (aqua) and lower (fuchsia) offset lines. These lines represent the calculated offset levels based on the chosen method (bid-ask approximation or percentage offset).
Customization: Users can adjust the percentage offset, toggle the bid-ask approximation and entry price consideration, and customize the appearance of the lines through the indicator's settings.
Inputs
useBidAskApproximation A boolean (checkbox) input that determines whether to use the bid-ask spread approximation (true) or the percentage offset (false). Default is false.
percentageOffset A float input that allows users to specify the percentage offset to be used when useBidAskApproximation is false. The default value is 0.63.
considerEntryPrice A boolean input that enables the consideration of a simulated entry price for calculating and displaying profit and loss targets. Default is true.
Calculations
Bid-Ask Approximation (if enabled): bidApprox = request.security(syminfo.tickerid, timeframe.period, low) Approximates the bid price using the lowest price (low) of the current period. askApprox = request.security(syminfo.tickerid, timeframe.period, high) Approximates the ask price using the highest price (high) of the current period. spreadApprox = askApprox - bidApprox Calculates the approximate spread.
Offset Amount: offsetAmount = useBidAskApproximation ? spreadApprox / 2 : close * (percentageOffset / 100) Determines the offset amount based on the selected method. If useBidAskApproximation is true, the offset is half of the approximated spread; otherwise, it's the current closing price (close) multiplied by the percentageOffset.
Entry Price (if enabled): var entryPrice = 0.0 Initializes a variable to store the entry price. if considerEntryPrice Checks if entry price consideration is enabled. if barstate.isnew Checks if the current bar is the first bar of a new session. entryPrice := close Sets the entryPrice to the closing price of the first bar of the session.
Profit and Loss Targets (if entry price is considered): profitTarget = entryPrice + offsetAmount Calculates the profit target price level. lossTarget = entryPrice - offsetAmount Calculates the loss target price level.
Plotting
Profit Target Line: Plotted in green (color.green) with a dashed line style (plot.style_linebr) and increased linewidth (linewidth=2) when considerEntryPrice is true.
Loss Target Line: Plotted in red (color.red) with a dashed line style (plot.style_linebr) and increased linewidth (linewidth=2) when considerEntryPrice is true.
Upper Offset Line: Always plotted in aqua (color.aqua) to show the offset level above the current price.
Lower Offset Line: Always plotted in fuchsia (color.fuchsia) to show the offset level below the current price.
Limitations
Approximation: The bid-ask spread approximation is based on high and low prices and may not perfectly reflect the actual bid-ask spread of a specific broker, especially during periods of high volatility or low liquidity.
Simplified Entry: The entry price simulation is basic and assumes entry at the beginning of each session. It does not account for specific entry signals or order types.
No Order Execution: This indicator is purely for visualization and does not execute any trades.
Data Discrepancies: The high and low values used for approximation might not always align with real-time bid and ask prices due to differences in data aggregation and timing between TradingView and various brokers.
Disclaimer
This indicator is for educational and informational purposes only and should not be considered financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct thorough research and consider your own risk tolerance before making any trading decisions. It is recommended to combine this indicator with other technical analysis tools and a well-defined trading strategy.
Puell Multiple BTC | JeffreyTimmermansThe Puell Multiple is a metric that assesses the relationship between mining profitability and market cycles. It is calculated by comparing the daily value of newly issued coins (USD) to the 365-day moving average of daily coin issuance (USD).
This indicator works best on the 1D BTC Chart. When interpreting the Puell Multiple, it can generally be understood as follows:
High values indicate that miner profitability is significantly higher than the yearly average. This may lead to an increased incentive for miners to sell off their holdings, putting additional selling pressure on the market.
Low values suggest that miner profitability is lower than the yearly average. In this case, miners might experience financial strain, causing some to reduce their hash power by shutting down mining rigs. This, in turn, can reduce the number of coins being sold into the market, as remaining miners need to liquidate fewer coins to maintain operations, thereby decreasing the impact on the liquid supply.
The Puell Multiple is a metric used primarily in the cryptocurrency space, specifically for Bitcoin, to assess whether Bitcoin is overvalued or undervalued in relation to its mining rewards. It helps to gauge the profitability of miners and, by extension, to assess market conditions.
Use:
This Puell Multiple is invented for Long-Term, Trend Following Systems.
The Puell Multiple trend can be visualized through the color of the bars, which represents the direction of the trend, while the background indicates the strength of that trend.
Bar Color: The color of the bars typically changes to reflect whether the trend is bullish or bearish. For example, green bars may indicate a strong bullish trend, while red bars signal a bearish or declining trend. The color coding helps to quickly interpret the market's overall movement in relation to mining profitability.
Background Color: The background of the chart is used to reflect the strength of the trend. A darker or more intense background may signify a stronger trend, indicating that the market conditions are more pronounced, while a lighter background can suggest a weaker or more uncertain trend, showing less certainty in the market’s direction.
Together, the combination of bar color and background provides a clearer picture of both the trend's direction and its strength, making it easier to assess potential market behavior based on miner profitability and market cycles.
Puell Multiple and Moving Average: They can be used as an extra tool to confirm the bullish or bearish trend. When the Puell Multiple is above the Moving Average, this will suggest and confirm that the trend is bullish.
How you score this for your own systems is up to you.
-Jeffrey
Puell Multiple BTC | JeffreyTimmermansThe Puell Multiple is a metric that assesses the relationship between mining profitability and market cycles. It is calculated by comparing the daily value of newly issued coins (USD) to the 365-day moving average of daily coin issuance (USD).
This indicator works best on the 1D BTC Chart. When interpreting the Puell Multiple, it can generally be understood as follows:
High values indicate that miner profitability is significantly higher than the yearly average. This may lead to an increased incentive for miners to sell off their holdings, putting additional selling pressure on the market.
Low values suggest that miner profitability is lower than the yearly average. In this case, miners might experience financial strain, causing some to reduce their hash power by shutting down mining rigs. This, in turn, can reduce the number of coins being sold into the market, as remaining miners need to liquidate fewer coins to maintain operations, thereby decreasing the impact on the liquid supply.
The Puell Multiple is a metric used primarily in the cryptocurrency space, specifically for Bitcoin, to assess whether Bitcoin is overvalued or undervalued in relation to its mining rewards. It helps to gauge the profitability of miners and, by extension, to assess market conditions.
Use:
This Puell Multiple is invented for Long-Term, Trend Following Systems.
The Puell Multiple trend can be visualized through the color of the bars, which represents the direction of the trend, while the background indicates the strength of that trend.
Bar Color: The color of the bars typically changes to reflect whether the trend is bullish or bearish. For example, green bars may indicate a strong bullish trend, while red bars signal a bearish or declining trend. The color coding helps to quickly interpret the market's overall movement in relation to mining profitability.
Background Color: The background of the chart is used to reflect the strength of the trend. A darker or more intense background may signify a stronger trend, indicating that the market conditions are more pronounced, while a lighter background can suggest a weaker or more uncertain trend, showing less certainty in the market’s direction.
Together, the combination of bar color and background provides a clearer picture of both the trend's direction and its strength, making it easier to assess potential market behavior based on miner profitability and market cycles.
Puell Multiple and Moving Average: They can be used as an extra tool to confirm the bullish or bearish trend. When the Puell Multiple is above the Moving Average, this will suggest and confirm that the trend is bullish.
How you score this for your own systems is up to you.
-Jeffrey
Puell Multiple BTC | JeffreyTimmermansThe Puell Multiple is a metric that assesses the relationship between mining profitability and market cycles. It is calculated by comparing the daily value of newly issued coins (USD) to the 365-day moving average of daily coin issuance (USD).
This indicator works best on the 1D BTC Chart. When interpreting the Puell Multiple, it can generally be understood as follows:
High values indicate that miner profitability is significantly higher than the yearly average. This may lead to an increased incentive for miners to sell off their holdings, putting additional selling pressure on the market.
Low values suggest that miner profitability is lower than the yearly average. In this case, miners might experience financial strain, causing some to reduce their hash power by shutting down mining rigs. This, in turn, can reduce the number of coins being sold into the market, as remaining miners need to liquidate fewer coins to maintain operations, thereby decreasing the impact on the liquid supply.
The Puell Multiple is a metric used primarily in the cryptocurrency space, specifically for Bitcoin, to assess whether Bitcoin is overvalued or undervalued in relation to its mining rewards. It helps to gauge the profitability of miners and, by extension, to assess market conditions.
Use:
This Puell Multiple is invented for Long-Term, Trend Following Systems.
The Puell Multiple trend can be visualized through the color of the bars, which represents the direction of the trend, while the background indicates the strength of that trend.
Bar Color: The color of the bars typically changes to reflect whether the trend is bullish or bearish. For example, green bars may indicate a strong bullish trend, while red bars signal a bearish or declining trend. The color coding helps to quickly interpret the market's overall movement in relation to mining profitability.
Background Color: The background of the chart is used to reflect the strength of the trend. A darker or more intense background may signify a stronger trend, indicating that the market conditions are more pronounced, while a lighter background can suggest a weaker or more uncertain trend, showing less certainty in the market’s direction.
Together, the combination of bar color and background provides a clearer picture of both the trend's direction and its strength, making it easier to assess potential market behavior based on miner profitability and market cycles.
Puell Multiple and Moving Average: They can be used as an extra tool to confirm the bullish or bearish trend. When the Puell Multiple is above the Moving Average, this will suggest and confirm that the trend is bullish.
How you score this for your own systems is up to you.
-Jeffrey
Uptrick: Arbitrage OpportunityINTRODUCTION
This script, titled Uptrick: Arbitrage Monitor, is a Pine Script™ indicator that aims to help traders quickly visualize potential arbitrage scenarios across multiple cryptocurrency exchanges. Arbitrage, in general, involves taking advantage of price differences for the same asset across different trading platforms. By comparing market prices of the same symbol on two user-selected exchanges, as well as scanning a broader list of exchanges, this script attempts to signal areas where you might want to buy on one exchange and sell on another. It includes various graphical tools, calculations, and an optional Automated Detection signal feature, allowing users to incorporate more advanced data scanning into their trading decisions. Keep in mind that transaction fees must also be considered in real-world scenarios. These fees can negate potential profits and, in some cases, result in a net loss.
PURPOSE
The primary purpose of this indicator is to show potential percentage differences between the same cryptocurrency trading pairs on two different exchanges. This difference is displayed numerically, visually as a line chart, and it is also tested against user-defined thresholds. With the threshold in place, buy and sell signals can be generated. The script allows you to quickly gauge how significant a spread is between two exchanges and whether that spread surpasses a specified threshold. This is particularly useful for arbitrage trading, where an asset is bought at a lower price on one exchange and sold at a higher price on another, capitalizing on price discrepancies. By identifying these opportunities, traders can potentially secure profits across different markets.
WHY IT WAS MADE
This script was developed to help traders who frequently look for arbitrage opportunities in the fast-paced cryptocurrency market. Cryptocurrencies sometimes experience quick price divergences across different exchanges. By having an automated approach that compares and displays prices, traders can spend less time manually tracking price discrepancies and more time focusing on actual trading strategies. The script was also made with user customization in mind, allowing you to toggle an optional Automated-based approach and choose different moving average methods to smooth out the displayed price difference.
WHAT ARBITRAGE IS
Arbitrage is the practice of buying an asset on one market (or exchange) at a lower price and simultaneously selling it on another market where the price is higher, thus profiting from the price difference. In cryptocurrency markets, these price differentials can occur across multiple exchanges due to varying liquidity, trading volume, geographic factors, or market inefficiencies. Though sometimes small, these differences can be exploited for profit when approached methodically.
EXPLANATION OF INPUTS
The script includes a variety of user inputs that help tailor the indicator to your specific needs:
1. Compared Symbol 1: This is the primary symbol you want to track (for example, BTCUSDT). Make sure it's written in all capital and make sure that it's price from that exchange is available on Tradingview.
2. Compare Exchange 1: The first exchange on which the script will request pricing data for the chosen symbol.
3. Compared to Exchange: The second exchange, used for the comparison.
4. Opportunity Threshold (%): A percentage threshold that, when exceeded by the price difference, can trigger buy or sell signals.
5. Plot Style?: Allows you to choose between plotting the raw difference line or a moving average of that difference.
6. MA Type: Select among SMA, EMA, WMA, RMA, or HMA for your moving average calculation.
7. MA Length: The lookback period for the selected moving average.
8. Plot Buy/Sell Signals?: Enables or disables the plotting of arrows signaling potential buy or sell zones based on threshold crossovers.
9. Automated Detection?: Toggles an additional multi-exchange data scan feature that calculates the highest and lowest prices for the specified symbol across a predefined list of exchanges.
CALCULATIONS
At its core, the script calculates price1 and price2 using the request.security function to fetch close prices from two selected exchanges. The difference is measured as (price1 - price2) / price2 * 100. This results in a percentage that indicates how much higher or lower price1 is relative to price2. Additionally, the script calculates a slope for this difference, which helps color the line depending on whether it is trending up or down. If you choose the moving average option, the script will replace the raw difference data with one of several moving average calculations (SMA, EMA, WMA, RMA, or HMA).
The script also includes an iterative scan of up to 15 different exchanges for Automated detection, collecting the highest and lowest price across all those exchanges. If the Automated option is enabled, it compiles a potential recommendation: buy at the cheapest exchange price and sell at the most expensive one. The difference across all exchanges (allExDiffPercent) is calculated using (highestPriceAll - lowestPriceAll) / lowestPriceAll * 100.
WHAT AUTOMATED DETECTION SIGNAL DOES
If enabled, the Automated detection feature scans all 15 supported exchanges for the specified symbol. It then identifies the exchange with the highest price and the exchange with the lowest price. The script displays a recommended action: buy on the lowest-exchange price and sell on the highest-exchange price. While called “Automated,” it is essentially a multi-exchange data query that automates a portion of research by consolidating different price points. It does not replace thorough analysis or guaranteed execution; it simply provides an overview of potential extremes.
WHAT ALL-EX-DIFF IS
The variable allExDiffPercent is used to show the overall difference between the highest price and the lowest price found among the 15 pre-chosen exchanges. This figure can be useful for anyone wanting a big-picture view of how large the arbitrage spread might be across the broader market.
SIGNALS AND HOW THEY ARE GENERATED
The script provides two main modes of signal generation:
1. Raw Difference Mode: If the user chooses “Use Normal Line,” the script compares the percentage difference of the two selected exchanges (price1 and price2) to the user-defined threshold. When the difference crosses under the positive threshold, a sell signal is displayed (red arrow). Conversely, when the difference crosses above the negative threshold, a buy signal is displayed (green arrow).
2. Moving Average Mode: If the user selects “Use Moving Average,” the script instead references the moving average values (maValue). The signals fire under similar conditions but use the average line to gauge whether the threshold has been crossed.
HOW TO USE THE INDICATOR
1. Add the script to your chart in TradingView.
2. In the script’s settings panel, configure the symbol you wish to compare (for example, BTCUSDT), choose the two exchanges you want to evaluate, and set your desired threshold.
3. Optionally, pick a moving average type and length if you prefer a smoother representation of the difference.
4. Enable or disable buy/sell signals according to your preference.
5. If you’d like to see potential extremes among a broader list of exchanges, enable Automated Detection. Keep in mind that this feature runs additional security requests, so it might slow down performance on weaker devices or if you already have many scripts running.
EXCHANGES TO USE
The script currently supports up to 15 exchanges: BYBIT, BINANCE, MEXC, BLOFIN, BITGET, OKX, KUCOIN, COINBASE, COINEX, PHEMEX, POLONIEX, GATEIO, BITSTAMP, and KRAKEN. You can choose any two of these for direct comparison, and if you enable the Automated detection, it will attempt to query them all to find extremes in real time.
VISUALS
The exchanges and current prices & differences are all plotted in the table while the colored line represents the difference in the price. The two thresholds colored red are where signals are generated. A cross below the upper threshold is a sell signal and a cross above the lower threshold is a buy signal. In the line at the bottom, purple is a negative slope and aqua is a positive slope.
LIMITATIONS AND POTENTIAL PROBLEMS
If you enable too many visual elements such as signals, additional lines, and the Automated-based scanning table, you may find that your chart becomes cluttered, or text might overlap. One workaround is to remove and reapply the indicator to refresh its display. You may also want to reduce the number of displayed table rows by disabling some features if your chart becomes too crowded. Sometimes there might be an error that the price of an asset is not available on an exchange, to fix this, go and select another exchange to compare it to, or if it happens in Automated detection, choose a different asset, ideally more widely spread.
UNIQUENESS
This indicator stands out due to its multifaceted approach: it doesn’t just look at two exchanges but optionally scans up to 15 exchanges in real time, presenting users with a much broader view of the market. The dual-mode system (raw difference vs. moving average) allows for both immediate, unfiltered signals and smoother, noise-reduced signals depending on user preference. By default, it introduces dynamic visual cues through color changes when the slope of the difference transitions upward or downward. The optional Automated detection, while not a deep learning system, adds a functional intelligence layer by collating extreme price points from multiple exchanges in one place, thereby streamlining the manual research process. This combination of features gives the script a unique edge in the TradingView ecosystem, catering equally to novices wanting a straightforward approach and to advanced users looking for an aggregated multi-exchange analysis.
CONCLUSION
Uptrick: Arbitrage Monitor is a versatile and customizable Pine Script™ indicator that highlights price differences for a specified symbol between two user-selected exchanges. Through signals, threshold-based alerts, and optional Automated detection across multiple exchanges, it aims to support traders in identifying potential arbitrage opportunities quickly and efficiently. This script makes no guarantees of profitability but can serve as a valuable tool to add to your trading toolkit. Always use caution when implementing arbitrage strategies, and be mindful of market risks, exchange fees, and latency.
ADDITIONAL DISCLOSURES
This script is provided for educational and informational purposes only. It does not constitute financial advice or a guarantee of performance. Users are encouraged to conduct thorough research and consider the inherent risks of arbitrage trading. Market conditions can change rapidly, and orders may fail to execute at desired prices, especially when large price discrepancies attract competition from other traders.
FCPO Smart Shooter EnhancedFCPO Smart Shooter 🎯
A powerful and intelligent trading indicator specifically designed for FCPO (Crude Palm Oil Futures) trading. Combines advanced technical analysis with AI-driven signals to identify high-probability trading opportunities.
Key Features:
• Dual Analysis Mode: Choose between AI-powered signals or pure technical analysis
• Dynamic Stop Loss: Adapts to market volatility using ATR
• Smart Entry Points: Identifies trend reversals and continuation patterns
• Session-Aware: Optimized for FCPO trading sessions (Morning/Afternoon/Night)
• Clear Visual Signals: Distinct color-coded buy/sell signals with targets and stops
Technical Components:
• Ichimoku Cloud components for trend direction
• MACD for momentum confirmation
• Bollinger Bands for volatility
• ADX for trend strength
• Custom AI scoring system analyzing multiple factors
Signal Types:
🔵 Blue Labels: AI-powered BUY signals
🟣 Purple Labels: AI-powered SELL signals
🟢 Green Labels: Technical Analysis BUY signals
🔴 Red Labels: Technical Analysis SELL signals
Status Dashboard:
• AI Score: Overall market analysis score (0-100)
• Trend: Current market trend status
• Volatility: Market volatility level
• MACD: Momentum direction
• RSI: Overbought/Oversold conditions
• Volume: Volume analysis
• Prediction: Short-term market prediction
How to Use:
1. Select your preferred analysis mode (AI or Technical)
2. Watch for signal labels that appear with clear entry, target, and stop levels
3. Monitor the status dashboard for additional market insights
4. Trade only during active FCPO sessions for best results
Settings:
• Target Ticks: Set your profit target (default: 15)
• Stop Loss: Set your risk limit (default: 10)
• AI Analysis: Toggle between AI and Technical analysis modes
Best Practices:
• Use larger stops during high volatility
• Confirm signals with market structure
• Monitor trend strength before entry
• Respect session times for better accuracy
Note: This indicator combines multiple technical factors with AI analysis to provide trading signals. Always use proper risk management and consider market conditions before trading.
Disclaimer: This indicator is for educational purposes only. Always do your own analysis and trade at your own risk.
Version: 1.0
Author: @miqoness
Last Updated: December 2023
