Advanced Economic Indicator by USCG_VetAdvanced Economic Indicator by USCG_Vet
tldr:
This comprehensive TradingView indicator combines multiple economic and financial metrics into a single, customizable composite index. By integrating key indicators such as the yield spread, commodity ratios, stock indices, and the Federal Reserve's QE/QT activities, it provides a holistic view of the economic landscape. Users can adjust the components and their weights to tailor the indicator to their analysis, aiding in forecasting economic conditions and market trends.
Detailed Description
Overview
The Advanced Economic Indicator is designed to provide traders and investors with a powerful tool to assess the overall economic environment. By aggregating a diverse set of economic indicators and financial market data into a single composite index, it helps identify potential turning points in the economy and financial markets.
Key Features:
Comprehensive Coverage: Includes 14 critical economic and financial indicators.
Customizable Components: Users can select which indicators to include.
Adjustable Weights: Assign weights to each component based on perceived significance.
Visual Signals: Clear plotting with threshold lines and background highlights.
Alerts: Set up alerts for when the composite index crosses user-defined thresholds.
Included Indicators
Yield Spread (10-Year Treasury Yield minus 3-Month Treasury Yield)
Copper/Gold Ratio
High Yield Spread (HYG/IEF Ratio)
Stock Market Performance (S&P 500 Index - SPX)
Bitcoin Performance (BLX)
Crude Oil Prices (CL1!)
Volatility Index (VIX)
U.S. Dollar Index (DXY)
Inflation Expectations (TIP ETF)
Consumer Confidence (XLY ETF)
Housing Market Index (XHB)
Manufacturing PMI (XLI ETF)
Unemployment Rate (Inverse SPY as Proxy)
Federal Reserve QE/QT Activities (Fed Balance Sheet - WALCL)
How to Use the Indicator
Configuring the Indicator:
Open Settings: Click on the gear icon (⚙️) next to the indicator's name.
Inputs Tab: You'll find a list of all components with checkboxes and weight inputs.
Including/Excluding Components
Checkboxes: Check or uncheck the box next to each component to include or exclude it from the composite index.
Default State: By default, all components are included.
Adjusting Component Weights:
Weight Inputs: Next to each component's checkbox is a weight input field.
Default Weights: Pre-assigned based on economic significance but fully adjustable.
Custom Weights: Enter your desired weight for each component to reflect your analysis.
Threshold Settings:
Bearish Threshold: Default is -1.0. Adjust to set the level below which the indicator signals potential economic downturns.
Bullish Threshold: Default is 1.0. Adjust to set the level above which the indicator signals potential economic upswings.
Setting the Timeframe:
Weekly Timeframe Recommended: Due to the inclusion of the Fed's balance sheet data (updated weekly), it's best to use this indicator on a weekly chart.
Changing Timeframe: Select 1W (weekly) from the timeframe options at the top of the chart.
Interpreting the Indicator:
Composite Index Line
Plot: The blue line represents the composite economic indicator.
Movement: Observe how the line moves relative to the threshold lines.
Threshold Lines
Zero Line (Gray Dotted): Indicates the neutral point.
Bearish Threshold (Red Dashed): Crossing below suggests potential economic weakness.
Bullish Threshold (Green Dashed): Crossing above suggests potential economic strength.
Background Highlights
Red Background: When the composite index is below the bearish threshold.
Green Background: When the composite index is above the bullish threshold.
No Color: When the composite index is between the thresholds.
Understanding the Components
1. Yield Spread
Description: The difference between the 10-year and 3-month U.S. Treasury yields.
Economic Significance: An inverted yield curve (negative spread) has historically preceded recessions.
2. Copper/Gold Ratio
Description: The price ratio of copper to gold.
Economic Significance: Copper is tied to industrial demand; gold is a safe-haven asset. The ratio indicates risk sentiment.
3. High Yield Spread (HYG/IEF Ratio)
Description: Ratio of high-yield corporate bonds (HYG) to intermediate-term Treasury bonds (IEF).
Economic Significance: Reflects investor appetite for risk; widening spreads can signal credit stress.
4. Stock Market Performance (SPX)
Description: S&P 500 Index levels.
Economic Significance: Broad measure of U.S. equity market performance.
5. Bitcoin Performance (BLX)
Description: Bitcoin Liquid Index price.
Economic Significance: Represents risk appetite in speculative assets.
6. Crude Oil Prices (CL1!)
Description: Front-month crude oil futures price.
Economic Significance: Influences inflation and consumer spending.
7. Volatility Index (VIX)
Description: Market's expectation of volatility (fear gauge).
Economic Significance: High VIX indicates market uncertainty; inverted in the indicator to align directionally.
8. U.S. Dollar Index (DXY)
Description: Value of the U.S. dollar relative to a basket of foreign currencies.
Economic Significance: Affects international trade and commodity prices; inverted in the indicator.
9. Inflation Expectations (TIP ETF)
Description: iShares TIPS Bond ETF prices.
Economic Significance: Reflects market expectations of inflation.
10. Consumer Confidence (XLY ETF)
Description: Consumer Discretionary Select Sector SPDR Fund prices.
Economic Significance: Proxy for consumer confidence and spending.
11. Housing Market Index (XHB)
Description: SPDR S&P Homebuilders ETF prices.
Economic Significance: Indicator of the housing market's health.
12. Manufacturing PMI (XLI ETF)
Description: Industrial Select Sector SPDR Fund prices.
Economic Significance: Proxy for manufacturing activity.
13. Unemployment Rate (Inverse SPY as Proxy)
Description: Inverse of the SPY ETF price.
Economic Significance: Represents unemployment trends; higher inverse SPY suggests higher unemployment.
14. Federal Reserve QE/QT Activities (Fed Balance Sheet - WALCL)
Description: Total assets held by the Federal Reserve.
Economic Significance: Indicates liquidity injections (QE) or withdrawals (QT); impacts interest rates and asset prices.
Customization and Advanced Usage
Adjusting Weights:
Purpose: Emphasize components you believe are more predictive or relevant.
Method: Increase or decrease the weight value next to each component.
Example: If you think the yield spread is particularly important, you might assign it a higher weight.
Disclaimer
This indicator is for educational and informational purposes only. It is not financial advice. Trading and investing involve risks, including possible loss of principal. Always conduct your own analysis and consult with a professional financial advisor before making investment decisions.
Analisis Trend
Kaufman's Adaptive Moving Average (KAMA)Another simple easy to use indicator that incorporates mean reversion and trend following.
Kaufman's Adaptive Moving Average (KAMA) is an indicator developed by Perry Kaufman that adjusts its sensitivity based on market volatility. It is designed to react more quickly during trending markets and slow down in sideways or volatile markets. The primary idea is that in a trending market, the moving average should be more sensitive to price changes, while in a non-trending market, it should be less responsive to noise.
KAMA Formula
The formula for the Kaufman Adaptive Moving Average is:
Efficiency Ratio (ER): Measures the efficiency of price movement over a given period.
ER
=
Smoothing Factor
Volatility
=
Sum of absolute price change
Sum of absolute price movement
ER=
Volatility
Smoothing Factor
=
Sum of absolute price movement
Sum of absolute price change
The Efficiency Ratio is calculated by taking the price change over a defined period and dividing it by the total price movement (which is the sum of absolute price changes).
Smoothing Constant (SC): This is a factor used to adjust the moving average's responsiveness:
SC
=
ER
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2
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(
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+
1
)
)
+
(
1
−
ER
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SC=ER×(2/(n+1))+(1−ER)×(2/(n+1))
where n is the length of the moving average period.
Steps to Calculate KAMA:
Efficiency Ratio (ER):
Calculate the sum of absolute price changes over the chosen period.
Calculate the sum of absolute price movements over the same period.
Smoothing Constant (SC):
Use the Efficiency Ratio to adjust the smoothing factor.
KAMA Calculation:
The initial KAMA is the simple moving average (SMA) of the first n periods.
For subsequent periods, KAMA is calculated using a formula based on the smoothing constant and previous KAMA values.
experiment with the variables as you like!!
Options Series - Supertrend, HalfTrend, Ichimoku Cloud and P_SAR➤ Supertrend:
➤ HalfTrend:
➤ Ichimoku Cloud:
➤ Parabolic SAR:
⭐ Overview and How It Works:
This script combines multiple popular technical indicators—Supertrend, HalfTrend, Ichimoku Cloud, and Parabolic SAR—into a single, cohesive tool for analyzing price trends and reversals. Designed for traders who prefer multi-layered confirmation, it displays non-overlay signals in a candlestick format, helping users make sense of intricate market dynamics. It also includes a "Master Candle" condition, which aggregates the signals from all indicators, providing a powerful snapshot of market sentiment.
References for study,
Supertrend and HalfTrend and Ichimoku Cloud and Parabolic SAR
⭐ Key Features and Functionality:
The script integrates four indicators and visually represents them in a non-overlay fashion, meaning that each indicator's signal appears on separate candlestick layers. It uses color coding to differentiate between bullish and bearish signals. The Master Candle is a unique feature that aggregates the signals from all indicators to show the overall sentiment.
Supertrend: It uses ATR and a multiplier factor to create a trailing stop, identifying bullish and bearish trends.
HalfTrend: It analyzes market volatility that provides buy and sell signals based on volatility channels and historical highs and lows.
Ichimoku Cloud: It leverages historical highs and lows to form the conversion and baseline, which are compared to assess market strength.
Parabolic SAR: A stop-and-reverse system that highlights potential reversals. It is based on time and price, offering traders potential reversal points.
Master Candle: It computes a score based on the confluence of all four indicators, adding another layer of confirmation.
🎨 Visualizations and User Experience:
The script's user interface is highly visual, with color-coded candlesticks plotted across multiple layers. Each indicator has its own color coding for bullish and bearish signals, ensuring clarity:
➤ Green for bullish signals.
➤ Red for bearish signals.
➤ Each candlestick layer represents a different indicator (e.g., Supertrend, HalfTrend, etc.), making it easy for the trader to isolate and interpret signals.
➤ The "Master Candle" provides an overarching view of the market by displaying a consolidated signal, which can reduce confusion from mixed indicator signals.
⭐ Settings and Customization:
The script is highly customizable, allowing users to adjust the settings for each indicator. Key customizable parameters include:
• Supertrend ATR Period and Factor
• HalfTrend Amplitude and Channel Deviation
• Ichimoku Conversion, Base, and Lagging Span Periods
• Parabolic SAR Start, Increment, and Maximum value
Additionally, users can toggle the visibility of each indicator and customize the look of the plot to suit their preferences.
⭐ Uniqueness of the Concept:
No repaints. This is the advanced representation and the combination of multiple indicators into a single script, along with a powerful "Master Candle" that aggregates them, makes this tool unique. Most scripts provide isolated indicator signals, while this one brings together four powerful indicators and visually simplifies the analysis. The non-overlay style and color-coded candlesticks offer traders an easy-to-understand, actionable visual cue, which stands out from traditional indicator overlays.
🚀 Conclusion:
This script is a comprehensive, multi-indicator trading tool suitable for traders looking for reliable trend-following and reversal detection. Its ability to provide an aggregated "Master Candle" signal reduces noise and aids in better decision-making. Customization options allow users to tailor it to their trading style, while its clear visualizations provide an excellent user experience.
DF: Horizontal Levels and Colors for NYSE TICK Chart
DF: Horizontal Levels and Colors for NYSE TICK Chart
This is intended to be added very specifically to your NYSE TICK chart.
This script creates a custom indicator designed to enhance the visual analysis
of market breadth through the NYSE TICK data. It features:
1. **Horizontal Levels**:
- **1300 and -1300**: Gray lines indicating extreme bullish and bearish conditions.
- **1000 and -1000**: Light red and green lines representing significant support and resistance zones.
- **850 and -850**: Customizable blue lines that can be adjusted according to user preferences.
**Zero Line**: A solid white line marking the neutral point, drawn prominently for quick reference.
2. **Color Fills**:
- Red fill between 1000 and 1300 to highlight extreme bullish sentiment.
- Green fill between -1000 and -1300 to signify extreme bearish sentiment.
3. **Exponential Moving Average (EMA)**:
- Calculated based on user-defined length (default set to 8).
- The EMA line's color dynamically adjusts based on its slope:
- White when trending upwards.
- Magenta when trending downwards, providing quick visual cues of market momentum.
Overall, this script serves as a powerful tool for traders seeking to visualize market trends, support and resistance levels, and market breadth through the NYSE TICK data, enhancing their decision-making process in trading.
Delayed Opening Price Line with GuardrailsThis Delayed Opening Price Line with Guardrails indicator will draw 5 price level lines on the chart each day, beginning at the open of the first candle after a delay period specified by the user in the indicator settings. The default delay is 30 minutes from market open.
The lines are drawn at the open price of the first candle after the delay period, and then a specified increment above and below that price level. These increments default to 80 and 100, and can be adjusted in the indicator settings.
Most markets, indices, and equities have a finite and consistent range of price movement within a trading day. Eg. a particular stock may usually move no more that $50 up or down in a given day, which can be proven by looking at a historical chart. This indicator allows the user to quickly display that range on the chart once it's been defined.
Important note: This indicator is designed to be used on an intra-day chart - eg. minutes, or hourly. It will give an error if used on a longer time-frame chart.
Candle Range Theory | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Candle Range Theory Indicator! This powerful tool offers a strategy built around the Candle Range Theory, which analyzes market movements through the relative size and structure of price candles. For more information about the process, check the "HOW DOES IT WORK" section.
Features of the new Candle Range Theory Indicator :
Implementation of the Candle Range Theory
FVG & Order Block Entry Methods
2 Different TP / SL Methods
Customizable Execution Settings
Customizable Backtesting Dashboard
Alerts for Buy, Sell, TP & SL Signals
📌 HOW DOES IT WORK ?
The Candle Range Theory (CRT) indicator operates by identifying significant price movements through the relative size and structure of candlesticks. A key part of the strategy is determining large candles based on their range compared to the Average True Range (ATR) in a higher timeframe. Once identified, a breakout of either the high wick or the low wick of the large candle is required. This breakout is considered a liquidity grab. After that, the indicator waits for confirmation through Fair Value Gaps (FVGs) or Order Blocks (OBs). The confirmation structure must be the opposite direction of the breakout, for example if the high wick is broken, a bearish FVG is required for the short entry. After a confirmation signal is received, the indicator will trigger entry points based on your chosen entry method (FVG or OB), and exit points will be calculated using either a dynamic ATR-based TP/SL method or fixed percentages. Alerts for Buy, Sell, Take-Proft, and Stop-Loss are available.
🚩 UNIQUENESS
This indicator stands out because it combines two highly effective entry methods: Fair Value Gaps (FVGs) and Order Blocks (OBs). You can choose between these strategies depending on market conditions. Additionally, the dynamic TP/SL system uses the ticker's volatility to automatically calculate stop-loss and take-profit targets. The backtesting dashboard provides metrics about the performance of the indicator. You can use it to tune the settings for best use in the current tiker. The Candle Range Theory approach offers more flexibility compared to traditional indicators, allowing for better customization and control based on your risk tolerance.
⚙️ SETTINGS
1. General Configuration
Higher Timeframe: Customize the higher timeframe for analysis. Recommended combinations include M15 -> H4, H4 -> Daily, Daily -> Weekly, and Weekly -> Monthly.
HTF Candle Size: Define the size of the higher timeframe candles as Big, Normal, or Small to filter valid setups based on their range relative to ATR.
Entry Mode: Choose between FVGs and Order Blocks for your entry triggers.
Require Retracement: Enable this option if you want a retracement to the FVG or OB for entry confirmation.
Show HTF Candle Lines: Toggle to display the higher timeframe candle lines for better visual clarity.
2. Fair Value Gaps
FVG Sensitivity: You may select between Low, Normal, High or Extreme FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivities resulting in spotting bigger FVGs, and higher sensitivities resulting in spotting all sizes of FVGs.
3. Order Blocks
Swing Length: Swing length is used when finding order block formations. Smaller values will result in finding smaller order blocks.
4. TP / SL
TP / SL Method:
a) Dynamic: The TP / SL zones will be auto-determined by the algorithm based on the Average True Range (ATR) of the current ticker.
b) Fixed : You can adjust the exact TP / SL ratios from the settings below.
Dynamic Risk: The risk you're willing to take if "Dynamic" TP / SL Method is selected. Higher risk usually means a better winrate at the cost of losing more if the strategy fails. This setting is has a crucial effect on the performance of the indicator, as different tickers may have different volatility so the indicator may have increased performance when this setting is correctly adjusted.
Stochastic Trendlines with Breakouts [Jamshid] - EnhancedStochastic Trendlines with Breakouts - Enhanced Version
This advanced Stochastic Trendlines with Breakouts script combines several powerful features to provide enhanced breakout detection based on the Stochastic Oscillator and additional confirmation signals. This script is designed to help traders identify key trend reversals, breakout points, and pivot levels with more accuracy by integrating advanced filters such as RSI confirmation, moving average trend filtering, volatility filtering, divergence detection, and multi-timeframe analysis.
Key Features:
Stochastic Oscillator-Based Breakouts:
Automatically detects breakouts based on the smoothed Stochastic Oscillator values (%K and %D), providing insights into overbought and oversold conditions.
Customizable overbought and oversold levels, with a mid-level (50) line for additional reference.
Trendlines on Pivot Points:
Automatically plots dynamic trendlines based on pivot highs and lows of the smoothed Stochastic %K, helping to visualize potential reversal points.
RSI Confirmation (Optional):
Filters breakout signals using the Relative Strength Index (RSI) to confirm breakouts only when the RSI is below 50 for downtrend breakouts and above 50 for uptrend breakouts.
Visual confirmation with a green "RSI Conf." label displayed on the chart when the RSI condition is met.
Moving Average Filter (Optional):
Confirms breakout signals in the direction of a user-defined Moving Average (MA) to trade in the overall market trend direction.
MA length is fully customizable.
Stochastic Divergence Filter (Optional):
Detects bullish or bearish divergence between the price and Stochastic Oscillator values, adding an extra layer of confirmation.
Multi-Timeframe Confirmation (Optional):
Confirms breakouts by checking the Stochastic %K and %D values from a higher timeframe. This helps in avoiding false signals by aligning with the broader market trend.
The higher timeframe can be customized to any timeframe (e.g., daily, weekly, etc.).
Volatility Filter (Optional):
Uses the ATR (Average True Range) to filter out breakouts during periods of low volatility, ensuring signals are only triggered when there is sufficient price movement.
ATR length and multiplier are fully customizable.
Custom Alerts:
Alerts are available for new trendline detections (both pivot high and pivot low) and for confirmed breakout signals. These alerts help traders stay informed in real-time without needing to monitor the chart continuously.
How to Use:
Customize the Stochastic Oscillator settings, such as %K smoothing and %D line parameters, to fit your trading strategy.
Enable or disable additional filtering features (RSI, MA, divergence, MTF, volatility) as needed.
Set up alerts for specific breakout conditions directly in TradingView to stay notified when breakout signals are triggered.
This script is designed for traders who are looking for precision breakout signals with added layers of confirmation to avoid false breakouts and enhance trading accuracy.
TS Volatility-Adjusted EWMAThe TS Volatility-Adjusted Exponentially Weighted Moving Average (EWMA) is a dynamic trend-following indicator designed to adapt to changing market volatility. Unlike traditional moving averages, this indicator adjusts its sensitivity based on market conditions, making it more responsive during periods of high volatility and smoother when markets are calmer.
Key Features:
Volatility Adjustment: The EWMA length is dynamically scaled using the Average True Range (ATR), making it adaptive to market volatility. This allows the indicator to react quickly when volatility spikes and remain stable when volatility drops.
User-Controlled Smoothing: The indicator includes an optional smoothing period, allowing you to adjust how smooth or reactive the line is to price changes. If you prefer a more smoothed-out trend, simply increase the smoothing length.
This indicator is perfect for trend-following traders who want an adaptive tool that stays responsive to the market’s volatility. The TS Volatility-Adjusted EWMA helps you confidently follow market trends, whether you’re riding a long-term trend or catching shorter-term movements.
DEB SuperTrend [Mattes]The Dynamic Envelope Based Supertrend integrates two key concepts: dynamic envelopes and the Supertrend, creating a powerful trend-following tool. Understanding its functionality requires a closer look at how the envelopes are constructed and how they interact with price action.
Dynamic Envelopes
>>> Dynamic envelopes are bands that surround a central moving average (MA) which is set by the user. These are then calculated based on the standard deviation of price movements over a specified period. The formula for the upper and lower envelopes is as follows:
Upper Envelope=MA+(Multiplier×STD)
Lower Envelope=MA−(Multiplier×STD)
This dynamic approach ensures that the envelopes expand and contract based on market volatility. In periods of high volatility, the envelopes widen, allowing for more price movement without triggering false signals. Conversely, in low-volatility periods, the envelopes tighten, enhancing sensitivity to price changes.
Interaction with the Supertrend
The Supertrend component is a trend-following indicator that utilizes the concept of Average True Range (ATR) to define its trailing stop levels.
In this indicator however (like I've mentioned before), the ATR bands have been replaced with the STD envelopes, as they offer a better performance compared to ATR bands.
Trend Direction
The Supertrend indicator generates buy and sell signals based on price crossing the calculated upper and lower envelopes:
>>> Buy Signal: Triggered when the price closes above the upper envelope, indicating a potential upward trend.
>>> Sell Signal: Triggered when the price closes below the lower envelope, suggesting a downward trend.
Adaptive Nature:
The dynamic envelopes effectively serve as dynamic support and resistance levels, which adapt to price movements and volatility, while the Supertrend tracks these levels to confirm the trend direction and adjust accordingly to changes, making it an enhanced version of ATR Based Supertrends.
Unique Aspects and Advantages
->>>> The Dynamic Envelope Based Supertrend is unique for several reasons:
>>> Volatility Responsiveness: The indicator adjusts its sensitivity based on market conditions, reducing the likelihood of false signals during quiet market phases and improving reliability during volatile periods. This is reasoned by the STD envelope bands contracting and expanding relative to the tickers performance.
>>> Trend Confirmation: By integrating the Supertrend logic, the indicator not only provides entry signals but also guides traders on when to exit, maintaining a focus on trend-following rather than mean reversion.
>>> Stability: Due to its use of Standard deviation envelopes, it is very ressistant in periods of uncertainty, Rather than buy bottom and selling tops, it stays long/short for the complete period of mean reverting environments, which is based on the bigger and fuller trend direction on the larger timescales.
>>> Clear Signals: The indicator simplifies decision-making by offering visual cues through its envelopes and trend signals, making it accessible to traders of all experience levels.
Summary:
The Dynamic Envelope Based Supertrend is a sophisticated trend-following indicator that intelligently combines dynamically adjusted STD envelopes with Supertrend logic. By incorporating volatility metrics, it offers a clear and actionable framework for traders, enhancing their ability to identify and follow trends effectively.
DSL Trend Analysis [ChartPrime]The DSL Trend Analysis indicator utilizes Discontinued Signal Lines (DSL) deployed directly on price, combined with dynamic bands, to analyze the trend strength and momentum of price movements. By tracking the high and low price values and comparing them to the DSL bands, it provides a visual representation of trend momentum, highlighting both strong and weakening phases of market direction.
⯁ KEY FEATURES AND HOW TO USE
⯌ DSL-Based Trend Detection :
This indicator uses Discontinued Signal Lines (DSL) to evaluate price action. When the high stays above the upper DSL band, the line turns lime, indicating strong upward momentum. Similarly, when the low stays below the lower DSL band, the line turns orange, indicating strong downward momentum. Traders can use these visual signals to identify strong trends in either direction.
⯌ Bands for Trend Momentum :
The indicator plots dynamic bands around the DSL lines based on ATR (Average True Range). These bands provide a range within which price can fluctuate, helping to distinguish between strong and weakening trends. If the high remains within the upper band, the lime-colored line becomes transparent, showing weakening upward momentum. The same concept applies for the lower band, where the line turns orange with transparency, indicating weakening downward momentum.
If high and low stays between bands line has no color
to make sure indicator catches only strong momentum of price
⯌ Real-Time Band Price Labels :
The indicator places two labels on the chart, one at the upper DSL band and one at the lower DSL band, displaying the real-time price values of these bands. These labels help traders track the current price relative to the key bands, which are essential in determining potential breakout or reversal zones.
⯌ Visual Confirmation of Momentum Shifts :
By monitoring the relationship between the high and low values of the price relative to the DSL bands, this indicator provides a reliable way to confirm whether the trend is gaining or losing strength. This allows traders to act accordingly, whether it's to enter or exit positions based on trend strength or weakness.
⯁ USER INPUTS
Length : Defines the period used to calculate the DSL lines, influencing the sensitivity of the trend detection.
Offset : Adjusts the offset applied to the upper and lower DSL bands, affecting how the thresholds for strong or weak momentum are set.
Width (ATR Multiplier) : Determines the width of the DSL bands based on an ATR multiplier, providing a dynamic range around the price for momentum analysis.
⯁ CONCLUSION
The DSL Trend Analysis indicator is a powerful tool for assessing price momentum and trend strength. By combining Discontinued Signal Lines with dynamically calculated bands, traders can easily spot key moments when momentum shifts from strong to weak or vice versa. The color-coded lines and real-time price labels provide valuable insights for trading decisions in both trending and ranging markets.
Options Series - Dynamic Support & Resistance
🌟 Key Features & How It Works:
⭐ Dynamic Support and Resistance Management:
The script dynamically calculates and draws support and resistance lines based on pivot highs and pivot lows. Unlike static levels that remain unchanged, these lines are updated in real-time. When a support or resistance level is breached, the corresponding line is automatically deleted, keeping the chart clean and relevant. This feature ensures that the trader is always looking at valid support and resistance levels based on the current price action.
⭐ Use of Arrays for Line Management:
The script utilizes arrays to store and manage support and resistance lines (array.new_line(0)). This is a more advanced feature of Pine Script v5, allowing for efficient handling of multiple lines on the chart. By using arrays, the script can easily track and manipulate multiple lines (adding, removing, updating), ensuring that the chart remains optimized for real-time analysis.
⭐ Customizable Inputs for Flexibility:
The script includes user inputs for the pivot length and the line width, making it adaptable to different trading styles and preferences. The pivot length determines how sensitive the indicator is to price changes, while the line width allows traders to customize the visual representation of support and resistance levels. These inputs add flexibility and make the script accessible to a broad range of traders.
⭐ Efficient Breach Detection Mechanism:
The isBreached function is a key part of the script. It checks whether the current price has breached any of the existing support or resistance levels. If a breach is detected (i.e., the price crosses below a support or above a resistance), the respective line is deleted, ensuring that only active and valid lines remain on the chart. This automatic update feature reduces the need for manual intervention, helping traders stay focused on key price levels.
⭐ Visual Clarity and Chart Cleanliness:
By deleting breached lines, the script ensures that the chart does not become cluttered with outdated or irrelevant lines. This visual clarity is crucial for traders who rely on clean, simple charts for decision-making. Removing unnecessary information helps traders make faster, more confident decisions based on the current market structure.
⭐ Scalability for Multiple Timeframes:
The use of pivot points makes the script adaptable to different timeframes, from intraday scalping to longer-term swing trading. By changing the pivot length, traders can optimize the indicator for different market environments, ensuring that it can be applied across various asset classes and timeframes.
⭐ Practical for Range-bound and Breakout Trading:
This script is particularly effective for traders who focus on range-bound markets or breakout strategies. It allows them to quickly identify areas where price is likely to reverse (support/resistance) or break out (when support/resistance is breached), providing real-time insight into market dynamics.
⭐ Simplification of Price Action Analysis:
By automating the calculation of pivots and management of support/resistance levels, the script simplifies price action analysis. Traders no longer need to manually draw or monitor these levels, which is a common task in technical analysis. This provides an edge, as it reduces the time spent on chart preparation and helps focus on executing trades.
⭐ Originality:
The script "Options Series - Pivot Based Support & Resistance" is an original approach to generating support and resistance levels using pivot points. Pivot-based techniques are popular, but the script introduces an automated dynamic way of drawing support and resistance lines, tracking breaches, and deleting lines when they are no longer valid. This aspect adds a refreshing layer of interactivity and functionality that sets it apart from basic pivot point scripts. The use of arrays to store and manage multiple support and resistance lines is also a good application of Pine Script’s newer array functionalities.
⭐ Uniqueness of the Script:
The script stands out due to its dynamic management of support and resistance lines. Unlike traditional scripts that simply plot static pivot points, this one evolves with the market by removing broken levels, ensuring only valid support and resistance lines are visible on the chart. This is particularly useful for traders who focus on clean charting. The use of arrays to store and manage the lines, alongside the efficient deletion of lines when breached, demonstrates a solid understanding of Pine Script v5's advanced features, such as array manipulation.
🚀 Conclusion:
This script stands out for its real-time adaptability, dynamic support/resistance management, and efficient use of Pine Script’s advanced features. It a powerful tool for both novice and advanced traders.
The script is an indicator designed to draw support and resistance levels based on pivot highs and lows, dynamically removing lines when they are breached. If a price crosses a support or resistance level, the respective line is deleted, ensuring the chart reflects the current state of support and resistance accurately.
Stochastics Confluences 4 in 1Description of the Pine Script:
This script plots the Full Stochastic indicator for four different time periods, and highlights conditions where potential buy or sell signals can be identified. The Stochastic indicator measures the position of the current closing price relative to the range of high and low prices over a defined period, helping traders identify overbought and oversold conditions.
Key Features:
Stochastic Calculation for 4 Different Periods:
The script calculates the Stochastic for four separate lookback periods: 9, 14, 40, and 60 bars.
Each Stochastic value is smoothed by a Simple Moving Average (SMA) to reduce noise and provide a clearer signal.
Visual Representation:
It plots each Stochastic value on the chart using different colors, allowing the user to see how the different periods of the indicator behave relative to each other.
Horizontal lines are drawn at 80 (Upper Bound) and 20 (Lower Bound), commonly used to identify overbought and oversold regions.
Highlighting Buy and Sell Conditions:
Green Highlight (Potential Buy Signal):
When all four Stochastic values (for the four different periods) are below 20, this suggests that the asset is in an oversold condition across multiple timeframes. The green background highlight appears when the Stochastic lines converge below 20, indicating a potential buy signal, as the price may be preparing to move upward from an oversold state.
Red Highlight (Potential Sell Signal):
When all four Stochastic values are above 80, the asset is in an overbought condition across multiple timeframes. The red background highlight appears when the Stochastic lines converge above 80, indicating a potential sell signal, as the price may soon reverse downward from an overbought state.
How to Interpret the Signals:
Buy Signals (Green Highlight):
When the chart is highlighted in green, it means the Stochastic indicators for all four periods are below 20, signaling that the asset is oversold and may be nearing a potential upward reversal. This condition suggests a possible buying opportunity, especially when other indicators confirm the potential for an upward trend.
Sell Signals (Red Highlight):
When the chart is highlighted in red, it indicates that the Stochastic indicators for all four periods are above 80, meaning the asset is overbought. This condition signals a possible downward reversal, suggesting a potential selling opportunity if the price begins to show signs of weakness.
By using this script, traders can visually identify periods of strong confluence across different timeframes when the Stochastic indicators are in extreme oversold or overbought conditions, which are traditionally seen as strong buy or sell signals.
This approach helps filter out weaker signals and focuses on moments when all timeframes align, increasing the probability of a successful trade.
Adjusted CoT IndexAdjusted COT Index
Improves upon: "COT Index Commercials vs large and small Speculators" by SystematicFutures
How: CoT Indexes are adjusted by Open Interest to normalise data over time, and threshold background colours are in-line with Larry Williams recommendations from his book.
Note: This indicator is **only** accurate on the Daily time-frame due to the mid-week release date for CoT data.
This script calculates and plots the Adjusted Commitment of Traders (COT) Index for Commercial, Large Speculator, and Retail (Small Speculator) categories.
The CoT Index is adjusted by Open Interest to normalise data through time, following the methodology of Larry Williams, providing insights into how these groups are positioned in the market with an arguably more historically accurate context.
COT Categories
-------------------
- Commercials (Producers/Hedgers): Large entities hedging against price changes in the underlying asset.
- Large Speculators (Non-commercials): Professional traders and funds speculating on price movements.
- Retail Traders (Nonreportable/Small Speculators): Small individual traders, typically less informed.
Features
----------
- Open Interest Adjustment
- The net positions for each category are normalized by Open Interest to account
for varying contract sizes.
- Customisable Look-back Period
- You can adjust the number of weeks for the index calculation to control the
historical range used for comparison.
- Thresholds for Extremes
- Upper and lower thresholds (configurable) are provided to mark overbought and
oversold conditions.
- Defaults
- Overbought: <=20
- Oversold: >= 80
- Hide Current Week Option
- Optionally hide the current week's data until market close for more accurate comparison.
- Visual Aids
- Plot the Commercials, Large Speculators, and Retail indexes, and optionally highlight extreme positioning.
Inputs
--------
- weeks
- Number of weeks for historical range comparison.
- upperExtreme and lowerExtreme
- Thresholds to identify overbought/oversold conditions (default 80/20).
- hideCurrentWeek
- Option to hide current week's data until market close.
- markExtremes
- Highlight extremes where any index crosses the upper or lower thresholds.
- Options to display or hide indexes for Commercials, Large Speculators, and Small Speculators.
Outputs
----------
- The script plots the COT Index for each of the three categories and highlights periods of extreme positioning with customisable thresholds.
Usage
-------
- This tool is useful for traders who want to track the positioning of different market participants over time.
- By identifying the extreme positions of Commercials, Large Speculators, and Retail traders, it can give insights into market sentiment and potential reversals.
- Reversals of trend can be confirmed with RSI Divergence (daily), for example
- Continuation can be confirmed with RSI overbought/oversold conditions (daily), and/or hidden RSI Hidden Divergence, for example
*2.2 Aggregated (Raw Z-scores with MA)***To be used with other 2.2 indicator***
Key Indicators Used:
Oscillating Indicators: RSI, TSI, Stochastic, MACD, CCI, Vortex Indicator, Williams %R.
Perpetual Trend Indicators: EMA, ADX, Parabolic SAR, Supertrend, Donchian Channel, Ichimoku Cloud, RVGI.
How to Use the Indicator:
Raw Z-Score (Blue Line): This represents the real-time aggregated Z-score of all the indicators. It shows how far the current market conditions are from their average, helping you identify trends.
Moving Average of Z-Score (Orange Line): A smoothed version of the Z-score that helps confirm trends and eliminate noise.
Shaded Area: The area between the Z-score and its moving average is shaded green if the Z-score is above the moving average (bullish), and red if below the moving average (bearish).
Zero Line (Gray Line): Serves as a reference point. A Z-score crossing above zero could signal a bullish market, while crossing below zero could indicate bearish conditions.
This indicator helps in identifying market extremes and trend reversals by combining various technical indicators into a single aggregate score, ideal for spotting overbought or oversold conditions and possible trend shifts
*2.2 Aggregate Signal Indicator (trial)How to Use the Indicator:
Trend Detection:
The aggregate trend score will plot above 0 for bullish conditions and below 0 for bearish conditions.
When the trend score is green, it indicates a positive (bullish) trend, while red indicates a negative (bearish) trend.
Visual Representation:
The blue line represents the aggregate trend score, while the grey line at 0 shows the neutral point.
The area between the trend score and the 0-line is filled with green (bullish) or red (bearish) based on the score's direction.
Confirming Trends:
Look for consistency in the trend score remaining above or below 0 to confirm a lasting trend.
Use this indicator alongside other trading strategies to filter out false signals and gain confirmation of market direction.
Customizable Inputs:
The indicator allows you to customize the settings for each individual indicator (e.g., lengths for EMA, ADX, RSI, MACD, etc.) to fine-tune the system to your preference or specific market conditions.
Time Based 3 Candle Model CRT FrameworkThe 3 Candle Model Overview:
The 3 Candle Model serves as a sophisticated framework for traders to navigate the complexities of financial markets, particularly within futures and forex trading. This guide not only elaborates on the model's key features but also emphasizes its originality and practical usefulness in the TradingView community. The core principle of the 3 Candle Model revolves around understanding how candle patterns can represent significant price ranges, offering valuable insights into potential market movements. By integrating the model with other critical trading concepts such as the Power of Three (PO3), Open-High-Low-Close (OHLC), and Turtle Soup setups, traders can enhance their ability to identify high-probability trades and achieve better trading outcomes.
Indicator includes:
3 Customizable Timeframe choices to fractally frame 3 candle models for precision
Live Timers for each timeframe to always be aware of the models timing
Parent Candle tracking on every preffered timeframe until new models parent candle is printed
Key Features of the 3 Candle Model
The 3 Candle Model primarily utilizes a three-candle structure, where the first candle establishes a price range, the second candle may act as a confirmation (often termed a "turtle soup"), and the third candle provides the breakout or continuation. This structure is pivotal in determining entry and exit points for trades, ensuring that each trading decision is backed by solid price action analysis.
OHLC Principle:
The Open-High-Low-Close (OHLC) concept is integral to the 3 Candle Model, allowing traders to analyze price action more effectively. Understanding the relationship between these four price points helps traders gauge market sentiment and potential reversals. By incorporating OHLC into the model, traders can develop a deeper understanding of market structure and its implications for future price movements.
Delivery States:
The 3 Candle Model emphasizes the importance of delivery states, which refer to the market's phase during specific time frames. Recognizing these states aids traders in determining the appropriate conditions for entering trades, particularly when combined with the power of three and candle range patterns. This understanding is crucial for positioning trades in alignment with market momentum.
High Probability Setups:
By aligning the 3 Candle Model with inside bar setups, traders can optimize their strategies for high-probability outcomes. This approach capitalizes on the inherent fractal nature of price movements, where previous patterns repeat at different scales. The combination of the model and inside bar setups enhances the trader's toolkit, allowing for more strategic trade placements.
Turtle Soup Formation:
The 3 Candle Model intricately connects with the Turtle Soup concept, which focuses on false breakouts. Identifying these formations at critical levels enhances the trader's ability to anticipate reversals or continuation patterns. The timing of these setups, particularly during specified times like 3:00 AM, 6:00 AM, 9:00 AM, and 1:00 PM, is crucial for maximizing trade success.
Using the 3 Candle Model in Trading
Integration with PO3:
The Power of Three (PO3) is a fundamental aspect of the 3 Candle Model that emphasizes the significance of three distinct stages of price delivery. Traders can leverage this principle by observing the initial range, confirming patterns, and executing trades during the third phase, leading to higher risk-to-reward ratios. This three-stage approach enhances a trader's ability to make informed decisions based on market behavior.
Targeting Midpoints:
Successful application of the 3 Candle Model involves targeting the midpoints of identified ranges. This practice not only provides strategic entry points but also enhances the probability of reaching desired profit levels. By targeting these midpoints, traders can refine their exit strategies and manage risk more effectively.
Aligning with Market Timing:
Timing is everything in trading. By synchronizing the 3 Candle Model setups with the aforementioned key timeframes, traders can better position themselves to exploit market dynamics. This alignment also facilitates the identification of high-quality trades that exhibit strong potential for profitability.
Prioritizing A+ Setups:
By focusing on the 3 Candle Model and its associated concepts, traders can prioritize A+ setups that exhibit a strong alignment of factors. This methodical approach enhances the quality of trades taken, leading to improved overall performance. By cultivating a strategy centered on high-probability setups, traders can maximize their return on investment.
Ensuring Originality and Usefulness
To meet the TradingView community guidelines, it is essential that this script is both original and useful. The 3 Candle Model, in its essence, is designed to provide traders with a unique perspective on market movements, free from generic or rehashed strategies. This tool integrates unique interpretations of the three-candle model and the associated strategies that are distinctly articulated and innovative.
Practical Applications: there are many practical applications of the 3 Candle Model in various trading contexts. This model in conjunction with other strategies to cultivate high-probability trade setups that can enhance performance across diverse market conditions.
Educational Value: This script is crafted with educational value in mind, providing insights that extend beyond mere trading signals. It encourages users to develop a deeper understanding of market mechanics and the interplay between price action, time, and trader psychology.
Conclusion
The 3 Candle Model provides a comprehensive framework for traders to enhance their trading strategies in the futures and forex markets. By understanding and applying the principles of this model alongside the Power of Three, OHLC concepts, and Turtle Soup formations, traders can significantly improve their ability to identify high-probability trades. The emphasis on timing, delivery states, and alignment of ranges ensures that traders are well-equipped to navigate the complexities of market movements, ultimately leading to more consistent and rewarding trading outcomes.
As trading involves risk, it is essential for traders to utilize these principles judiciously and maintain a disciplined approach to their trading strategies. By adhering to the TradingView community guidelines and emphasizing originality, usefulness, and detailed descriptions, this 3 Candle Model script stands as a valuable resource for traders seeking to refine their skills and achieve greater success in the financial markets.
Through this detailed exploration of the 3 Candle Model, traders will not only learn to recognize and exploit key patterns in price action but also appreciate the interconnectedness of various trading strategies that can significantly enhance their performance and profitability.
Cosine-Weighted MA ATR [InvestorUnknown]The Cosine-Weighted Moving Average (CWMA) ATR (Average True Range) indicator is designed to enhance the analysis of price movements in financial markets. By incorporating a cosine-based weighting mechanism , this indicator provides a unique approach to smoothing price data and measuring volatility, making it a valuable tool for traders and investors.
Cosine-Weighted Moving Average (CWMA)
The CWMA is calculated using weights derived from the cosine function, which emphasizes different data points in a distinctive manner. Unlike traditional moving averages that assign equal weight to all data points, the cosine weighting allocates more significance to values at the edges of the data window. This can help capture significant price movements while mitigating the impact of outlier values.
The weights are shifted to ensure they remain non-negative, which helps in maintaining a stable calculation throughout the data series. The normalization of these weights ensures they sum to one, providing a proportional contribution to the average.
// Function to calculate the Cosine-Weighted Moving Average with shifted weights
f_Cosine_Weighted_MA(series float src, simple int length) =>
var float cosine_weights = array.new_float(0)
array.clear(cosine_weights) // Clear the array before recalculating weights
for i = 0 to length - 1
weight = math.cos((math.pi * (i + 1)) / length) + 1 // Shift by adding 1
array.push(cosine_weights, weight)
// Normalize the weights
sum_weights = array.sum(cosine_weights)
for i = 0 to length - 1
norm_weight = array.get(cosine_weights, i) / sum_weights
array.set(cosine_weights, i, norm_weight)
// Calculate Cosine-Weighted Moving Average
cwma = 0.0
if bar_index >= length
for i = 0 to length - 1
cwma := cwma + array.get(cosine_weights, i) * close
cwma
Cosine-Weighted ATR Calculation
The ATR is an essential measure of volatility, reflecting the average range of price movement over a specified period. The Cosine-Weighted ATR uses a similar weighting scheme to that of the CWMA, allowing for a more nuanced understanding of volatility. By emphasizing more recent price movements while retaining sensitivity to broader trends, this ATR variant offers traders enhanced insight into potential price fluctuations.
// Function to calculate the Cosine-Weighted ATR with shifted weights
f_Cosine_Weighted_ATR(simple int length) =>
var float cosine_weights_atr = array.new_float(0)
array.clear(cosine_weights_atr)
for i = 0 to length - 1
weight = math.cos((math.pi * (i + 1)) / length) + 1 // Shift by adding 1
array.push(cosine_weights_atr, weight)
// Normalize the weights
sum_weights_atr = array.sum(cosine_weights_atr)
for i = 0 to length - 1
norm_weight_atr = array.get(cosine_weights_atr, i) / sum_weights_atr
array.set(cosine_weights_atr, i, norm_weight_atr)
// Calculate Cosine-Weighted ATR using true ranges
cwatr = 0.0
tr = ta.tr(true) // True Range
if bar_index >= length
for i = 0 to length - 1
cwatr := cwatr + array.get(cosine_weights_atr, i) * tr
cwatr
Signal Generation
The indicator generates long and short signals based on the relationship between the price (user input) and the calculated upper and lower bands, derived from the CWMA and the Cosine-Weighted ATR. Crossover conditions are used to identify potential entry points, providing a systematic approach to trading decisions.
// - - - - - CALCULATIONS - - - - - //{
bar b = bar.new()
float src = b.calc_src(cwma_src)
float cwma = f_Cosine_Weighted_MA(src, ma_length)
// Use normal ATR or Cosine-Weighted ATR based on input
float atr = atr_type == "Normal ATR" ? ta.atr(atr_len) : f_Cosine_Weighted_ATR(atr_len)
// Calculate upper and lower bands using ATR
float cwma_up = cwma + (atr * atr_mult)
float cwma_dn = cwma - (atr * atr_mult)
float src_l = b.calc_src(src_long)
float src_s = b.calc_src(src_short)
// Signal logic for crossovers and crossunders
var int signal = 0
if ta.crossover(src_l, cwma_up)
signal := 1
if ta.crossunder(src_s, cwma_dn)
signal := -1
//}
Backtest Mode and Equity Calculation
To evaluate its effectiveness, the indicator includes a backtest mode, allowing users to test its performance on historical data:
Backtest Equity: A detailed equity curve is calculated based on the generated signals over a user-defined period (startDate to endDate).
Buy and Hold Comparison: Alongside the strategy’s equity, a Buy-and-Hold equity curve is plotted for performance comparison.
Visualization and Alerts
The indicator features customizable plots, allowing users to visualize the CWMA, ATR bands, and signals effectively. The colors change dynamically based on market conditions, with clear distinctions between long and short signals.
Alerts can be configured to notify users of crossover events, providing timely information for potential trading opportunities.
Sine-Weighted MA ATR [InvestorUnknown]The Sine-Weighted MA ATR is a technical analysis tool designed to emphasize recent price data using sine-weighted calculations , making it particularly well-suited for analyzing cyclical markets with repetitive patterns . The indicator combines the Sine-Weighted Moving Average (SWMA) and a Sine-Weighted Average True Range (SWATR) to enhance price trend detection and volatility analysis.
Sine-Weighted Moving Average (SWMA):
Unlike traditional moving averages that apply uniform or exponentially decaying weights, the SWMA applies Sine weights to the price data.
Emphasis on central data points: The Sine function assigns more weight to the middle of the lookback period, giving less importance to the beginning and end points. This helps capture the main trend more effectively while reducing noise from recent volatility or older data.
// Function to calculate the Sine-Weighted Moving Average
f_Sine_Weighted_MA(series float src, simple int length) =>
var float sine_weights = array.new_float(0)
array.clear(sine_weights) // Clear the array before recalculating weights
for i = 0 to length - 1
weight = math.sin((math.pi * (i + 1)) / length)
array.push(sine_weights, weight)
// Normalize the weights
sum_weights = array.sum(sine_weights)
for i = 0 to length - 1
norm_weight = array.get(sine_weights, i) / sum_weights
array.set(sine_weights, i, norm_weight)
// Calculate Sine-Weighted Moving Average
swma = 0.0
if bar_index >= length
for i = 0 to length - 1
swma := swma + array.get(sine_weights, i) * close
swma
Sine-Weighted ATR:
This is a variation of the Average True Range (ATR), which measures market volatility. Like the SWMA, the ATR is smoothed using Sine-based weighting, where central values are more heavily considered compared to the extremities. This improves sensitivity to changes in volatility while maintaining stability in highly volatile markets.
// Function to calculate the Sine-Weighted ATR
f_Sine_Weighted_ATR(simple int length) =>
var float sine_weights_atr = array.new_float(0)
array.clear(sine_weights_atr)
for i = 0 to length - 1
weight = math.sin((math.pi * (i + 1)) / length)
array.push(sine_weights_atr, weight)
// Normalize the weights
sum_weights_atr = array.sum(sine_weights_atr)
for i = 0 to length - 1
norm_weight_atr = array.get(sine_weights_atr, i) / sum_weights_atr
array.set(sine_weights_atr, i, norm_weight_atr)
// Calculate Sine-Weighted ATR using true ranges
swatr = 0.0
tr = ta.tr(true) // True Range
if bar_index >= length
for i = 0 to length - 1
swatr := swatr + array.get(sine_weights_atr, i) * tr
swatr
ATR Bands:
Upper and lower bands are created by adding/subtracting the Sine-Weighted ATR from the SWMA. These bands help identify overbought or oversold conditions, and when the price crosses these levels, it may generate long or short trade signals.
// - - - - - CALCULATIONS - - - - - //{
bar b = bar.new()
float src = b.calc_src(swma_src)
float swma = f_Sine_Weighted_MA(src, ma_length)
// Use normal ATR or Sine-Weighted ATR based on input
float atr = atr_type == "Normal ATR" ? ta.atr(atr_len) : f_Sine_Weighted_ATR(atr_len)
// Calculate upper and lower bands using ATR
float swma_up = swma + (atr * atr_mult)
float swma_dn = swma - (atr * atr_mult)
float src_l = b.calc_src(src_long)
float src_s = b.calc_src(src_short)
// Signal logic for crossovers and crossunders
var int signal = 0
if ta.crossover(src_l, swma_up)
signal := 1
if ta.crossunder(src_s, swma_dn)
signal := -1
//}
Signal Logic:
Long/Short Signals are triggered when the price crosses above or below the Sine-Weighted ATR bands
Backtest Mode and Equity Calculation
To evaluate its effectiveness, the indicator includes a backtest mode, allowing users to test its performance on historical data:
Backtest Equity: A detailed equity curve is calculated based on the generated signals over a user-defined period (startDate to endDate).
Buy and Hold Comparison: Alongside the strategy’s equity, a Buy-and-Hold equity curve is plotted for performance comparison.
Alerts
The indicator includes built-in alerts for both long and short signals, ensuring users are promptly notified when market conditions meet the criteria for an entry or exit.
Judas Swing ICT 01 [TradingFinder] New York Midnight Opening M15🔵 Introduction
The Judas Swing (ICT Judas Swing) is a trading strategy developed by Michael Huddleston, also known as Inner Circle Trader (ICT). This strategy allows traders to identify fake market moves designed by smart money to deceive retail traders.
By concentrating on market structure, price action patterns, and liquidity flows, traders can align their trades with institutional movements and avoid common pitfalls. It is particularly useful in FOREX and stock markets, helping traders identify optimal entry and exit points while minimizing risks from false breakouts.
In today's volatile markets, understanding how smart money manipulates price action across sessions such as Asia, London, and New York is essential for success. The ICT Judas Swing strategy helps traders avoid common pitfalls by focusing on key movements during the opening time and range of each session, identifying breakouts and false breakouts.
By utilizing various time frames and improving risk management, this strategy enables traders to make more informed decisions and take advantage of significant market movements.
In the Judas Swing strategy, for a bullish setup, the price first touches the high of the 15-minute range of New York midnight and then the low. After that, the price returns upward, breaks the high, and if there’s a candlestick confirmation during the pullback, a buy signal is generated.
bearish setup, the price first touches the low of the range, then the high. With the price returning downward and breaking the low, if there’s a candlestick confirmation during the pullback to the low, a sell signal is generated.
🔵 How to Use
To effectively implement the Judas Swing strategy (ICT Judas Swing) in trading, traders must first identify the price range of the 15-minute window following New York midnight. This range, consisting of highs and lows, sets the stage for the upcoming movements in the London and New York sessions.
🟣 Bullish Setup
For a bullish setup, the price first moves to touch the high of the range, then the low, before returning upward to break the high. Following this, a pullback occurs, and if a valid candlestick confirmation (such as a reversal pattern) is observed, a buy signal is generated. This confirmation could indicate the presence of smart money supporting the bullish movement.
🟣 Bearish Setup
For a bearish setup, the process is the reverse. The price first touches the low of the range, then the high. Afterward, the price moves downward again and breaks the low. A pullback follows to the broken low, and if a bearish candlestick confirmation is seen, a sell signal is generated. This confirmation signals the continuation of the downward price movement.
Using the Judas Swing strategy enables traders to avoid fake breakouts and focus on strong market confirmations. The strategy is versatile, applying to FOREX, stocks, and other financial instruments, offering optimal trading opportunities through market structure analysis and time frame synchronization.
To execute this strategy successfully, traders must combine it with effective risk management techniques such as setting appropriate stop losses and employing optimal risk-to-reward ratios. While the Judas Swing is a powerful tool for predicting price movements, traders should remember that no strategy is entirely risk-free. Proper capital management remains a critical element of long-term success.
By mastering the ICT Judas Swing strategy, traders can better identify entry and exit points and avoid common traps from fake market movements, ultimately improving their trading performance.
🔵 Setting
Opening Range : High and Low identification time range.
Extend : The time span of the dashed line.
Permit : Signal emission time range.
🔵 Conclusion
The Judas Swing strategy (ICT Judas Swing) is a powerful tool in technical analysis that helps traders identify fake moves and align their trades with institutional actions, reducing risk and enhancing their ability to capitalize on market opportunities.
By leveraging key levels such as range highs and lows, fake breakouts, and candlestick confirmations, traders can enter trades with more precision. This strategy is applicable in forex, stocks, and other financial markets and, with proper risk management, can lead to consistent trading success.
TEMA For Loop [Mattes]The TEMA For Loop indicator is a powerful tool designed for technical analysis, combining the Triple Exponential Moving Average (TEMA) with a custom scoring mechanism based on a for loop. It evaluates price trends over a specified period, allowing traders to identify potential entry and exit points in the market. This indicator enhances decision-making by providing visual cues through dynamic candle coloring, reflecting market sentiment and trends effectively.
Technical Details:
Triple Exponential Moving Average (TEMA):
- TEMA is known for its responsiveness to price changes, as it reduces lag compared to traditional moving averages. The TEMA calculation employs three nested Exponential Moving Averages (EMAs) to produce a smoother trend line, which helps traders identify the direction and momentum of the market.
Scoring Mechanism:
- The scoring mechanism is based on a custom for loop that compares the current TEMA value to previous values over a specified range. The loop counts how many previous values are less than the current value, generating a score that reflects the strength of the trend:
- A higher score indicates a stronger upward trend.
- A lower (negative) score suggests a downward trend.
Threshold Levels:
- Upper Threshold: A score above this level signals a potential long entry, indicating strong bullish momentum.
- Lower Threshold: A score below this level indicates a potential short entry, suggesting bearish sentiment.
>>>These thresholds are adjustable, allowing traders to fine-tune their strategy according to their risk tolerance and market conditions.
Signal Logic:
- The indicator provides clear signals for entering long or short positions based on the score crossing the defined thresholds.
>>Long Entry Signal: When the smoothed score crosses above the upper threshold.
>>Short Entry Signal: When the smoothed score crosses below the lower threshold.
Why This Indicator Is Useful:
>>> Enhanced Decision-Making: The TEMA For Loop indicator offers traders a clear and objective view of market trends, reducing the emotional aspect of trading. By visualizing bullish and bearish conditions, it assists traders in making timely decisions.
>>> Customizable Parameters: The ability to adjust TEMA period, thresholds, and other settings allows traders to tailor the indicator to their specific trading strategies and market conditions.
Visual Clarity: The integration of dynamic candle coloring provides immediate visual cues about the prevailing trend, making it easier for traders to spot potential trade opportunities at a glance.
The TEMA For Loop - Smoothed with Candle Colors indicator is a sophisticated trading tool that utilizes TEMA and a custom scoring mechanism to identify and visualize market trends effectively. By employing dynamic candle coloring, traders gain immediate insights into market sentiment, enabling informed decision-making for entry and exit strategies. This indicator is designed for traders seeking a systematic approach to trend analysis, enhancing their trading performance through clear, actionable signals.
Trend Strength After Reversal
This indicator measures trend strength after the reversal.
It can catch early reversal based on engulfing candlestick pattern or just the regular reversal.
Every reversal have to be confirmed by a close above reversal pattern.
Trend strength is measured by counting subsequent closing confirming the reversal
Dynamic Darvas BoxBu Darvas Box göstergesi, finansal piyasadaki potansiyel fiyat kırılımlarını hacimle birlikte analiz eden dinamik bir sistem sunar. Geliştirdiğiniz bu Pine Script, belirli bir "bakış aralığı" parametresi kullanarak geçmiş fiyat hareketlerinden yüksek ve düşük noktalar oluşturur ve bu seviyelerin kırılımını takip eder. Hacimli veya hacimsiz kırılımlar da ayrıca işaretlenir. Aşağıda hem Türkçe hem de İngilizce açıklamalar yer almakta:
Türkçe Açıklama:
Darvas Kutusu ve Hacim Kırılımı
Bu gösterge, fiyatların Darvas Kutusu mantığıyla analiz edilmesini sağlar ve kutunun kırılım seviyelerini hacimle birlikte değerlendirir.
Bakış Aralığı (bakis_araligi): Bu parametre, fiyatın geçmişte kaç bar geri giderek yeni bir yüksek veya düşük seviyenin tespit edilmesi gerektiğini belirler.
Hacim SMA (hacim_sma): Hacim için kullanılan basit hareketli ortalamanın (SMA) uzunluğunu belirler. Gösterge, hacim ortalamasının üzerinde veya altında olup olmadığını bu SMA değerine göre değerlendirir.
Kapanış Fiyatı ile Tamamlama (kapanis_kullan): Eğer bu seçenek aktifse, kutu kapanış fiyatı baz alınarak tamamlanır. Aksi takdirde, yüksek ve düşük seviyelerle tamamlanır.
Kırılım Fiyatını Göster (kirilim_goster): Hacim yetersiz olsa bile kırılım seviyesini etiketlemek için kullanılır.
Bu göstergede, yüksek bir fiyatın oluşması durumunda bir kutu başlatılır. Kutu, bakış aralığı boyunca yüksek ve düşük seviyeler ile onaylanır. Sonrasında, fiyatın kutu seviyesini kırıp kırmadığı izlenir. Eğer fiyat kutunun üzerine çıkarsa veya altına düşerse, hacim durumu kontrol edilerek bir "Hacimli Kırılım" veya "Hacimsiz Kırılım" etiketi gösterilir.
Kutu Arka Plan Renkleri: Kutu içerisindeki fiyat hareketinin durumu, renklerle gösterilir:
Yukarı Kırılım: Kutunun üst seviyesinin kırılması durumunda yeşil renk.
Aşağı Kırılım: Kutunun alt seviyesinin kırılması durumunda kırmızı renk.
Nötr: Kutu içinde tarafsız durum için sarı renk.
Ayrıca, kutunun orta hattı (orta_hat), yüksek ve düşük seviyelerin ortalamasını temsil eder ve fiyatın bu çizgiyi kaç kez kestiğini analiz etmek için kullanılabilir.
English Description:
Darvas Box and Volume Breakout
This indicator implements a dynamic Darvas Box strategy that tracks potential price breakouts in combination with volume analysis.
Lookback Period (bakis_araligi): This parameter defines how many bars back the price needs to look for determining a new high or low.
Volume SMA (hacim_sma): Specifies the length of the Simple Moving Average (SMA) for volume. The indicator uses this value to determine if volume is above or below average.
Completion with Closing Price (kapanis_kullan): If this option is enabled, the box is completed based on the closing price. Otherwise, the high and low prices are used for completion.
Show Breakout Price (kirilim_goster): This option is used to label the breakout price, even if the volume is below the average.
The indicator starts a box when a new high price is detected. The box is confirmed over the lookback period using high and low levels. The breakout levels are then monitored. If the price breaks above the upper or lower box boundary, it checks the volume condition and labels the breakout as either "Volume Breakout" or "Non-Volume Breakout."
Box Background Colors: The price movement within the box is represented with colors:
Upward Breakout: The background is green if the upper box boundary is broken.
Downward Breakout: The background is red if the lower boundary is broken.
Neutral: The background is yellow for neutral price movement within the box.
Additionally, the middle line (orta_hat) represents the average of the high and low levels and can be used to analyze how many times the price crosses this midline.
Engulfing Reversal Market PhaseStay at the right side of the market.
This indicator detects bullish and bearish phase in the market based on recent reversal.
It is designed to help filter your trades.
Open only long trades if indicator shows green and open only short trades when indicator shows red.
This indicator will detect bullish and bearish engulfing reversal pattern on the chart.
Bullish engulfing occurs when current candle closes below the bars that created the high.
Bearish engulfing occurs when current candle closes below the bars that created the high.
The reversal pattern occurs not only on a trend change, but can be also be present as a trend continuation pattern or a breakout pattern.
The indicator is able to detect 3 candle patterns and multi candle patterns if detects inside bars in the pattern.
