Trend Trader-Remastered StrategyOfficial Strategy for Trend Trader - Remastered
Indicator: Trend Trader-Remastered (TTR)
Overview:
The Trend Trader-Remastered is a refined and highly sophisticated implementation of the Parabolic SAR designed to create strategic buy and sell entry signals, alongside precision take profit and re-entry signals based on marked Bill Williams (BW) fractals. Built with a deep emphasis on clarity and accuracy, this indicator ensures that only relevant and meaningful signals are generated, eliminating any unnecessary entries or exits.
Please check the indicator details and updates via the link above.
Important Disclosure:
My primary objective is to provide realistic strategies and a code base for the TradingView Community. Therefore, the default settings of the strategy version of the indicator have been set to reflect realistic world trading scenarios and best practices.
Key Features:
Strategy execution date&time range.
Take Profit Reduction Rate: The percentage of progressive reduction on active position size for take profit signals.
Example:
TP Reduce: 10%
Entry Position Size: 100
TP1: 100 - 10 = 90
TP2: 90 - 9 = 81
Re-Entry When Rate: The percentage of position size on initial entry of the signal to determine re-entry.
Example:
RE When: 50%
Entry Position Size: 100
Re-Entry Condition: Active Position Size < 50
Re-Entry Fill Rate: The percentage of position size on initial entry of the signal to be completed.
Example:
RE Fill: 75%
Entry Position Size: 100
Active Position Size: 50
Re-Entry Order Size: 25
Final Active Position Size:75
Important: Even RE When condition is met, the active position size required to drop below RE Fill rate to trigger re-entry order.
Key Points:
'Process Orders on Close' is enabled as Take Profit and Re-Entry signals must be executed on candle close.
'Calculate on Every Tick' is enabled as entry signals are required to be executed within candle time.
'Initial Capital' has been set to 10,000 USD.
'Default Quantity Type' has been set to 'Percent of Equity'.
'Default Quantity' has been set to 10% as the best practice of investing 10% of the assets.
'Currency' has been set to USD.
'Commission Type' has been set to 'Commission Percent'
'Commission Value' has been set to 0.05% to reflect the most realistic results with a common taker fee value.
Buysignal
Trend Trader-RemasteredThe script was originally coded in 2018 with Pine Script version 3, and it was in invite only status. It has been updated and optimised for Pine Script v5 and made completely open source.
Overview
The Trend Trader-Remastered is a refined and highly sophisticated implementation of the Parabolic SAR designed to create strategic buy and sell entry signals, alongside precision take profit and re-entry signals based on marked Bill Williams (BW) fractals. Built with a deep emphasis on clarity and accuracy, this indicator ensures that only relevant and meaningful signals are generated, eliminating any unnecessary entries or exits.
Key Features
1) Parabolic SAR-Based Entry Signals:
This indicator leverages an advanced implementation of the Parabolic SAR to create clear buy and sell position entry signals.
The Parabolic SAR detects potential trend shifts, helping traders make timely entries in trending markets.
These entries are strategically aligned to maximise trend-following opportunities and minimise whipsaw trades, providing an effective approach for trend traders.
2) Take Profit and Re-Entry Signals with BW Fractals:
The indicator goes beyond simple entry and exit signals by integrating BW Fractal-based take profit and re-entry signals.
Relevant Signal Generation: The indicator maintains strict criteria for signal relevance, ensuring that a re-entry signal is only generated if there has been a preceding take profit signal in the respective position. This prevents any misleading or premature re-entry signals.
Progressive Take Profit Signals: The script generates multiple take profit signals sequentially in alignment with prior take profit levels. For instance, in a buy position initiated at a price of 100, the first take profit might occur at 110. Any subsequent take profit signals will then occur at prices greater than 110, ensuring they are "in favour" of the original position's trajectory and previous take profits.
3) Consistent Trend-Following Structure:
This design allows the Trend Trader-Remastered to continue signaling take profit opportunities as the trend advances. The indicator only generates take profit signals in alignment with previous ones, supporting a systematic and profit-maximising strategy.
This structure helps traders maintain positions effectively, securing incremental profits as the trend progresses.
4) Customisability and Usability:
Adjustable Parameters: Users can configure key settings, including sensitivity to the Parabolic SAR and fractal identification. This allows flexibility to fine-tune the indicator according to different market conditions or trading styles.
User-Friendly Alerts: The indicator provides clear visual signals on the chart, along with optional alerts to notify traders of new buy, sell, take profit, or re-entry opportunities in real-time.
JL Swing Signal - {UT}Hello all, This signal is created based on Jesse Livermore's formula, I have tried to enhance it by including other elements to make the experience better and rewarding.
1. Swing Highs and Swing Lows:
>Identifies a swing high when the current high is higher than the highs of the specified number of bars to its left and right.
>Identifies a swing low when the current low is lower than the lows of the specified number of bars to its left and right.
>Also marks the confirmed swing highs (SH) and swing lows (SL) on the chart for visual reference.
2. Breakout Confirmation:
> Finds out when the closing price crosses above the last confirmed swing high.
> Ensures that the breakout is sustained for the defined number of confirmation bars to filter out false breakouts.
>BuySignal: A buy signal is generated only when both the breakout and hold conditions are met.
3. Trend Filter:
>EMA Calculation: A 50-period EMA is used to filter trades in the direction of the existing trend. Trades are only taken in the direction of the trend.
>Ensures buy signals are only triggered if the price is above the EMA, indicating an uptrend.
4. Volume Confirmation:
Volume Moving Average: A 20-period Simple Moving Average (SMA) of volume is calculated to compare current volume levels.
5. Profit Target:
ATR-Based Profit Target: A dynamic profit target is set based on a multiple of the ATR. This helps capture profits when the market moves in the trade's favor.
6. Exit Strategy:
Stop Loss and Profit Target: The script exits the trade if the price hits the stop loss or the profit target.
Interpretaion:
Buy Signals: Displayed with a green "BUY" label.
Stop Loss and Profit Target: Plotted as orange and green lines, respectively.
Exit Signals: Displayed with a red "EXIT" label when the exit conditions are met.
Pace ProOverview
The Pace Pro indicator is a robust trend-following tool designed for versatile application across various timeframes and markets, including stocks, forex, futures and cryptocurrencies. It provides traders with "bull" and "bear" signals, take profit (TP) signals, and volume spike indications. This indicator aims to help traders identify potential trading opportunities through trends, reversals and price exhaustion.
Key Features
Bull and Bear Signals: Pace Pro generates green "bull" and red "bear" signals based on a trend strength score derived from an aggregation of components.
Take Profit (TP) Signals: The indicator plots black "TP" signals at areas of price exhaustion.
Volume Spike Indicators: The indicator colors candles to signify high volume spikes—light green for high bullish volume and light red for high bearish volume.
Price Clouds: The indicator includes three types of Bollinger Band clouds. These clouds help visualize exhaustion and volatility, providing traders with multiple perspectives on market dynamics.
How it works:
Trend Strength: This score is calculated using a proprietary formula that assesses the magnitude and direction of market movement with standard deviation and regression analysis. Standard deviation computes the average price over a specified period and then calculates the standard deviation of prices from this average. A linear regression is performed on the closing prices over a specified period. The slope of the regression line is used to identify the trend direction, and the standard deviation is used to assess trend stability and filter out noise, working together to clearly identify direction and robustness. Bull/Bear signals are produced based on trend strength reaching specific thresholds, configurable in the settings.
Overbought/Oversold Strength: This strength identifies price exhaustion using a unique formula that aggregates values from several indicators such as RVI, RSI and CCI. RVI captures price trends, RSI measures momentum, and CCI identifies price deviations from the mean, providing a comprehensive view of market conditions. Take profit signals are plotted at points of high price exhaustion, indicating optimal exit prices.
Volume Analysis: Volume spikes are identified and highlighted with colored candles using an ATR calculation that pinpoints outliers in volume. This is calculated using the math.abs function, identifying volume spikes in the last 14 bars. Volume spike candle size can be configured in settings to the user's liking.
Bollinger Band Clouds: The indicator employs Bollinger Band clouds based on WMA, VWMA, and EMA to provide a comprehensive view of market volatility and trend strength. WMA responds quickly to price changes, VWMA incorporates volume, and EMA smooths out data, offering a unique and adaptive perspective on market conditions. This combination is used to provide a unique perspective on market volatility, utilizing different moving averages. These clouds adapt to price fluctuations and offer visual cues to enhance trend analysis.
Utility
This tool provides traders with valuable information for trend-following and reversal strategies across different timeframes. It helps traders by:
-Generating "bull" and "bear" signals to indicate potential long, short and exit points. The precise calculation methods and statistical components used in deriving the trend strength score are designed to filter out market noise and provide a clear indication of prevailing market trends.
-Providing "TP" signals at areas of price exhaustion, areas where taking profit is optimal. These also serve as potential reversal points in the market as they incorporate reversion analysis techniques.
-Highlighting high volume spikes with colored candles to indicate significant market activity. These volatile candles can indicate a significant and rapid surge in price.
-Offering visual insights through Bollinger Band clouds, which help traders assess overbought and oversold conditions on a broad scale. These aid in visualizing potential reversals in the market.
Rationale and Benefits of Component Combination
The combination of trend strength, overbought/oversold strength, volume analysis, and Bollinger Band clouds provides a holistic approach to market analysis and allows users to use various techniques of trading analysis to make sound trading decisions. Each component serves a distinct purpose:
-Trend Strength identifies and confirms the direction and magnitude of market trends, offering clear bull and bear signals. A trend score is calculated to clearly identify where price is strongly trending and where it is quite weak. This customizable feature allows traders to configure this indicator to their liking by only plotting signals when the trend reaches a desired threshold.
-Overbought/Oversold Strength pinpoints areas of price exhaustion, providing crucial take profit and reversal conditions in the market. I combine RSI, RVI, and CCI to provide a more robust reversion score. My rationale for this is to leverage data from multiple indicators, to ensure a comprehensive assessment of price exhaustion rather than relying on a single source.
-Volume Analysis highlights significant market activity, giving traders insights into potential price movements. This feature is included to provide users with a visual representation of price pumps/dumps, that can aid in trading decisions in combination with entry and exit signals.
-Bollinger Band Clouds offer a visual representation of market volatility and trend strength, enhancing the overall analytical framework. Bands were calculated using a mixture of WMA, VWMA, and EMA to diversify data and to bring variety to its display. This can enhance its use as it does not use a single data source and relies on multiple.
Uniqueness:
This indicator stands out due to its innovative integration of standard deviation and regression analysis, offering traders a unique and comprehensive market analysis tool. By combining standard deviation to measure volatility and filter out noise with regression analysis to identify trend direction and strength, it provides insightful trend signals that help traders make informed decisions. This indicator's versatility is enhanced by its customizable settings, allowing traders to adapt it to their specific needs and trading styles with the trend sensitivity setting. Combining RSI, RVI, and CCI for reversion and exit points is unique as it integrates multiple perspectives on price momentum and volatility, providing a more comprehensive assessment of price exhaustion than using any single indicator. Combining WMA, EMA, and VWMA as bands is beneficial and unique as it blends different averaging methods to offer a more nuanced and adaptive view of market volatility and trend strength.
By integrating these components, it delivers a multifaceted tool that addresses various aspects of market analysis, making it a valuable asset for traders seeking to improve their decision-making process.
Disclaimer
Trading involves substantial risk and is not suitable for every investor. This indicator is designed to assist in decision-making but does not guarantee profits or prevent losses. Always conduct your own research and consider seeking advice from a financial professional.
Super SMA 5 8 13This indicator is based on the 5 8 13 simple moving average strategy of strategist Selçuk Gönençler. The indicator shows buy and sell signals when favorable conditions occur.
══ H O W T O U S E ══
Above 5-8-13 - Confirmed hold/buy
5 below (8-13 above) - Be careful, lose weight but don't run away.
Below 5-8 (above 13) - Risk has begun. Don't be stubborn. 13 is your last castle.
5-8-13 below. Don't fight! Wait until it rises above 5-8 again.
Heikin Ashi Master Buy Signal ScannerHeikin Ashi Master Buy Signal Scanner is an algorithm consisting of smoothed Heiken Ashi candles and moving averages.Moving averages use 5 basic moving averages. I preferably use ema for smoothing.In addition, the main purpose of this indicator is the preferred stock market and its shares, trading pairs, etc. scanning on a single screen and seeing the buy signals on a single screen.The buy signal appears on the screen as green.
With Column Width from the indicator properties, the width of the column of 30 symbols is adjusted, and the position of the column on the screen is adjusted with the Column Number.
With the indicator, a maximum of 30 symbols can be listed at once. However, this number can be increased according to your tradingview membership type. Especially if you are a premium member of tradingview, you can add as many indicators as you want to the chart without any limitation, and you can add as many symbols as your screen width to the chart. Heikin Ashi Master Buy signals you can see on a single screen.
In addition, the indicator gives you the opportunity to set the time zone you want and you can see the signals according to the time zone you want. All you need to do for this is to set the time zone from the indicator properties.
Now, if you wish, you can see examples of scans made on a single screen below.
Buy signals of 346 coins of Binance usdt trading pair on a single screen
Buy signals of 420 stocks of the Indian market on a single screen
Buy signals of 300 stocks of the NASDAQ on a single screen
Buy signals of 300 stocks of the BORSA ISTANBUL-BIST on a single screen
Buy signals on a single screen with 49 trading pairs in Forex
Volume-Weighted Trend Filter CloudThe Volume-Weighted Trend Filter Cloud is a powerful technical analysis tool designed to identify trend directions and potential buy/sell signals in a trading instrument. The indicator combines volume-weighted moving averages, average true range (ATR), and cloud plotting techniques to provide a comprehensive view of the market trend.
Inputs:
Length: Specifies the length of Algo used for trend analysis. Default value is 14.
Multiplier: Adjusts the width of the trend filter bands based on the ATR. Default value is 2.0.
Tenkan-sen Period: Defines the period for calculating the Tenkan-sen line. Default value is 200.
Kijun-sen Period: Sets the period for calculating the Kijun-sen line. Default value is 400.
Senkou Span Period: Determines the period for calculating the Senkou Span A and Senkou Span B lines. Default value is 600.
Calculation:
Average True Range (ATR): The indicator calculates the ATR based on the specified moving average length.
Trend Filter Bands: The basic upper and lower bands are calculated using the highest high and lowest low values, respectively, along with the multiplier and ATR. These bands are then adjusted to create the final upper and lower bands, taking into account the previous values.
Trend Direction: The indicator determines the trend direction by comparing the close price with the lower and upper bands. If the close price is above the lower band, it indicates an upward trend (trendUp = 1). If the close price is below the upper band, it indicates a downward trend (trendDown = 1).
Volume-Weighted Z-Score: The indicator calculates the volume-weighted Z-Score by determining the mean and standard deviation of the close price with volume weighting. The Z-Score represents the deviation of the close price from the mean in terms of standard deviations.
Tenkan-sen, Kijun-sen, Senkou Span A, and Senkou Span B: These lines are calculated using the respective periods and the average of the high and low prices.
Sigmoid Transformation: The indicator applies the sigmoid function to the Z-Score values to obtain sigmoid-transformed values for open, high, low, and close prices. These transformed values help in visualizing the trend strength.
Plotting:
Trend Filter: The trend filter is plotted as a line that changes color based on the trend direction. The lower band is displayed for an upward trend, while the upper band is displayed for a downward trend.
Trend Cloud: The cloud plot represents the Senkou Span A and Senkou Span B lines. The cloud color changes based on the trend direction, providing a visual representation of the market trend.
Buy and Sell Signals: The indicator generates buy and sell signals based on the crossover of fast and slow moving averages, Z-Score values, trend direction, and other conditions. These signals are labeled on the chart, indicating potential entry points for traders.
The indicator generates buy and sell signals based on specific conditions, including the intersection of fast and slow moving averages, Z-Score values, trend direction, and more.
Buy signals are described as a "buy signal" on the chart, which indicates potential entry points for buy trades.
Sell signals are described as a "sell signal", which indicates potential entry points for sell trades. The signals in light color represent that they are signals in the opposite direction of the cloud that can be considered as exit points
Output7The "Output7" indicator is designed to guide traders in identifying potential buy and sell signals. This is achieved through the calculation of a custom indicator named `output7` and its derived moving averages. `output7` is defined as `c_1 - c_20 * (ohlcSq / hlSq)`. Here, `ohlcSq` stands for the square of the average of open, high, low, and close prices, while `hlSq` signifies the square of the average of high and low prices. `c_20` and `c_1` correspond to the closing price 20 periods ago and the current closing price, respectively.
**Interpreting the Indicator:**
**1. Support and Resistance**: This indicator calculates the support and resistance levels for the `output7` over a predefined lookback period. These levels are essential in the identification of potential price reversals in the market. When the `output7` line approaches or crosses these levels, it may suggest significant market shifts.
**2. Moving Averages of `output7`**: The indicator also generates short-term (5 periods by default) and long-term (10 periods by default) simple moving averages (SMAs) of the `output7` value. These SMAs can be helpful in determining market trends. When the short-term SMA lies above the long-term SMA, it indicates an upward trend. Conversely, when it falls below, it suggests a downward trend.
**3. Buy and Sell Signals**: The Output7 indicator generates two types of buy and sell signals based on the crossover of different moving averages. Yellow signals are produced when the simple moving average of close prices (7 periods by default) crosses the exponential moving average of close prices (14 periods by default). The blue signals are generated when the short-term SMA of `output7` crosses the long-term SMA of `output7`.
It is important to note that like all technical analysis tools, the Output7 indicator should not be used in isolation. Instead, it should be combined with other forms of analysis and indicators to validate its signals and minimize the likelihood of false signals. Factors such as the overall market trend, price patterns, volume, and fundamental analysis can provide additional context to the signals provided by the Output7 indicator. The interpretation of these signals should align with a trader's overall trading strategy, risk tolerance, and financial goals.
And finally. If you discover something else regarding this indicator. Please let me know in the comment section.
PriceCatch MDCPLevelsv1Hi TV Community!
I am sharing a script that is aimed at swing/positional traders who only take long positions.
This script helps you to get a view of price drops in percentage points from a recent major high an instrument has made. The high is captured using Modified Donchain Channel Calculation. When an instrument is going down, traders are always interested to know how much it has dropped in percentage terms and this script helps in addressing this requirement.
With this script, simply by looking at an instrument on the chart, you can tell how far down it is from its recent major high. So, if a fundamentally strong instrument has dropped 30% due to market dynamics, that might be a level for you to consider a buying opportunity.
SAMPLE CHARTS
User Configuration
Period
Set the Period (historical bars) for the script to find a major high. Intermediate highs that the instrument makes are ignored so as to give a longer duration price action range.
Drop percentages
Enter 5 levels of drop percentages as per your trading style / choice. Generally, the default setting of 10, 20, 30, 40, 50 are good with most instruments.
Locking Profits & Exiting positions
A difficult aspect of trading is locking profits and exiting positions when your trade is in profits. Most traders are reluctant to close their positions due to greed and hope or prematurely close them due to fear. In both cases the decision is based on emotion rather than on systematic rules. It is worth remembering that exits are equally important as entries.
PriceCatch MDCP Levels script also addresses this problem faced by traders and does so in a unique way. Specifically as many traders usually like to compare returns with other forms of investment such as Bank Fixed Deposit interest rates, this script helps you to enter current Fixed Deposit Interest Rate and then plots those levels also on the chart. So, when a trader takes an entry at the 30% drop level, the profit levels plotted on the chart helps the trader set proper targets to close the trade. For example, if you have entered 6.75 as FD rate, then the script will plot 6.75% gain level over 30% level to give you visual clue which serves to help you set your targets immediately after your buy trade has executed.
NOTE: If you wish to close a trade when price reaches 5% above buy price, you can enter 5 in the Current Bank FD Rate field. The idea of FD Rate is to give you satisfaction that the trade gave you profits equalling FD Rate for which you would have to normally wait 365 days if you had opened an FD instead of taking the trade.
Style Tab
From the style tab you can hide some levels that you do not wish to be shown on the chart.
Visibility
From the Visibility tab you can control on which time-frames only, this script displays the levels.
Advantages
For positional traders who trade only on fundamentally strong stocks, this script should be of use due to the way it helps you see price action and also enable you to take trades at potentially good levels.
NOTE:
As with any other indicator, please satisfy yourself thoroughly that it works for you before you decide to deploy PriceCatch MDCP Levels on your chart. The script is shared without any warranties that it will be of use to you. As a trader you are aware that trading is more about the trader than any strategy; trading involves financial risk and that you are solely responsible for your actions. If you agree to the above, please feel free to use PriceCatch MDCP Levels.
QUERIES / COMMENTS
Please feel free to reach out to me with any queries or comments. All the best with your trading.
Regards
PriceCatch
Acrylic's 1m/3m Scalper Buy/Sell SignalsAcrylic's Scalper Signals uses a combination of RSI / Stochastic / Williams %R to calculate the perfect entry signals. The script(with it's default settings) has been optimized and thoroughly tested on BTC & ETH 1 and 3 minute time frames. It's intended for quick in and out trades that should only last a few minutes unless a strong trend is caught. Basic knowledge of market structure is needed, as you will not be taking every signal generated by the script.
You also have the option to display all signals regardless of the short term trend that has been confirmed by RSI. This can be good if you're looking for reversal entries at resistance/support levels.
-Large triangle signal: Strongest signal that was confirmed with RSI & Williams %R optimized calculations. (prints at current candle close)
-Small triangle signal: Fractal signal can be used as a late entry signal/continuation. (prints after 2 candle closes)
-Candle colors are matched to stochastic strength for added confluence to enter trades. (Must hide default trading view candles to see these)
-233SMMA color is matched to the extreme short term trend based off of RSI calculations.
Perfect Long Entry Setup Image :
1) EMA21 > EMA55 > EMA100 > SMMA233(Colored green for added confluence) - All pointing up indicating strong trend
2) Enter on pullback to short term EMA after signal candle closes. (Do not take entry if candles closed below 100EMA)
Perfect Short Entry Setup Image :
1) EMA21 < EMA55 < EMA100 < SMMA233(Colored red for added confluence) - All pointing down indicating strong trend
2) Enter on pullback to short term EMA after signal candle closes. (Do not take entry if candles closed above 100EMA)
Feel free to ask questions or leave feedback in the comments, I'm always looking to improve! Thanks!
TwV Market SignalsSignals Indicator
Summary
This indicator allows traders to have in handy short and long signals and estimate the trend of the market.
The indicator draws Long and Short signals depending on the trend analysis. The indicators also use meaningful colors for traders to be able to visually understand the graphs, such us fillings on EMAs, so the possible trend is represented.
The colors used are light green for bullish, red for bearish, dark green for possible bearish to bullish change and purple for possible bullish to bearish change. These colors are applicable to all fillings and summary box.
How to use this indicator
The use of EMAs 10,20 and 50 draw the medium to long term trends, therefore avoiding signals against the trend. Furthermore the EMAs will advise possible change in trends, specially considering the 10 and 20 cross, considering that crossing the 10,20 and 50, might confirm the change in med to long term trend change of the price. This is completely visual in the chart as it tints green for positive trend and yellow to red for negative trend.
The 200 SMA is included as it also gives better confirmation to the trend, the basics tell that when the EMAs mentioned above are below the 200 SMA then the likelihood for entries in long positions are not the best and vice versa for short.
Therefore, the trader shall filter Long and Short Signals accordingly as this EMAs are not used to send Long and Short signals considering that they confirm the trend in a slow pace and not reactively to the price volatility.
There are two strategies built-in within the indicator:
Strategy 1 – Longer time trades and high volatility handling
The Long and Short Signals are based on 14 and EMAs (by default). This two Mas are used to send signals based on their crossovers as they are way more reactive to the price movement.
Trader shall consider that EMAs are used for higher timeframes, therefore the indicator has the possibility to adjust the EMAs and use SMAs or WMAs instead for one or the two parameters (14 and 21).
WMAs react faster to the price volatility so the trader shall adjust this according to the timeframe being used. (Lower timeframes suggested).
This strategy is used for trades that might keep running for longer periods of times.
For reference on what the SMAs, EMAs and WMAs are, please see below sections in the description.
Strategy 2 - Shorter time trades and unhandled high volatility
The Long and Short Signals are bases on HMA. HMAs (Hull Moving Averages) track the price movement and volatility way faster that SMAs, EMAs and WMAs, therefore as the HMA follow the price quicker, it is intended for short time trades even in higher timeframes.
Scalping is not suggested using this strategy as HMA do not handle high volatility even on higher timeframes.
One of the biggest differences from the first strategy is that there is no more than a single HMA length to work with, which is 24 as default.
HMAs calculation is different to other MAs, therefore combining various HMAs lengths looking for crossovers become trend identification a lot less precise. HMAs are not intended to be used with different length crossovers.
Exit points = The use of Stochastic and VRVP
Stochastic RSI
It is well known that when Stochastic RSI resets when overbought or oversold therefore traders have within a summary box the possibility to check whether the K & D lines in the Stochastic RSI hace crossed over bullish or bearish.
Although the crossover is not mandatory for a change trend, the crossover might be used by the trader to exit a position considering that the price might move on the opposite direction.
Traders shall look at the summary box, where bullish and bearish crossovers are shown, so they evaluate their position exit.
Visible Range Volume Profile
The use of the VRVP is to find support and resistance on the price movements. Although high and lows are used as possible supports and resistances, VRVP shows an area of confluence on the order book, where volume of positions are accumulated and that might act as support or resistance depending on the price direction.
Traders can visually activate the VRVP to see the Point of Control (POC) directly on the chart as a line (similar as how a support or resistance would be drawn). Moreover, traders have the ability to see within the summary box, whether to see if the price is above or below the POC, so they clearly know if it is acting as support or resistance.
Price Direction
Trade the market trend is well know to be used to identify possible price direction. It is important not to confuse the longer time trend drawn by the EMAs with the TTM Trend bar color. The TTM trend colors bars according to the price direction, helping traders not to confuse when a red bar appears on an up trend or green bars on a down trend.
This coloring helps traders not to exit trades based on bar coloring, which might psychologically affect when scalping or short-term trading specially.
Originally, the TTM trend is used considering the ADX in and indicator called TTM Squeeze, where the strength of the movement is measured, therefore although candle colors help with the price direction, ADX provides the trader the ability to see whether the direction is losing momentum and then catch the best possible exit before the direction change.
How to use Summary
1. Receive the Long or Short Signals using strategy 1 or 2, depending on the selected in the main menu of the indicator.
2. Evaluate the trend based on the 10,20, 50 and 200 MAs. Filter the Long and Short signals accordingly.
3. Monitor constantly the TTM Trend and the ADX for the direction and strength of the position entered and review if the momentum is being lost, considering step 4 or other possible reasons that might lead to exiting the position.
4. Once entered to a position evaluate constantly the Stochastic RSI bearish or bullish crossover or POC value on screen or summary box to exit the position.
Terminology basics
Trend indicators
Exponential Moving Average (EMAs): The base indicator is composed of moving averages of 10, 20 and 55 exponential periods, to determine a possible bullish or bearish trend (EMA Crossing)
Simple Moving Average (SMA): The base indicator is composed of a moving average of 200 simple periods, which in conjunction with the EMAs can lead to estimate potential upward or downwards moves, as well as possible resistances. (SMA Positioning)
Weighted moving average (WMA): It is a technical indicator that traders use to generate trade direction and make a long or short position. It assigns greater weighting to recent data points and less weighting on past data points. (WMA Crossing)
Strength and S/R indicators
VPVR (Volume Profile Visible Range): It allows to determine the Point of Control (POC) which is the node with the highest volume profile. This can be used as an important retest point or to calculate potential support and resistance. The POC level is represented with a red dotted line in the graph.
The VPVR is a simplified version of the “TwV Multi-timeframe Dynamic VRVP” that you can find for free use in my profile. This version calculates the main’s timeframe POC and also has the possibility to be fixed range if the trader enables it from the menu. (Dynamic range by default).
ADX (Average Directional Index): The ADX helps the indicator to estimate the strength of the movement, always considering the DI+ and DI- to not go against the trend strength. This is represented as summary text in a table.
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Exit indicator
Stochastic RSI: It is an indicator used in technical analysis that ranges between zero and a hundred and is created by applying the Stochastic oscillator formula to a set of relative strength index (RSI) values rather than to standard price data. Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold (Exit zones)
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Summary Panel
This panel allows the trader to have a summary of the current status (bearish or bullish) of some of the most determinant indicators within the strategy. It has the following characteristics:
It is placed on the right bottom side of the chart by the default. Traders can change its position or hidden it through the main menu of the indicator.
Its colors change according to the indicator’s values and constant change for easier detection.
The summary box shows the projection for each of the indicators (Trend, Stochastic, EMA, VPVR and ADX).
The summary box is multi-language (English and Spanish), which can be changes in the main menu of the indicator
Alerts
Within the indicator’s menu, you can set up alerts for all long, short, close long and close short signals, which might come in handy when the trader would like to have notifications on the Trading View website, desktop app or phone apps. Furthermore, there are also signals for possible exit points, which can also be activated from the indicator’s menu.
TwV Market Signals ScreenerMarket Signals Screener
This indicator allows traders to have a view of multiple pairs and timeframes Long/Short signals and specific information of parameters, based on the TwV Market Signals also developed by me and that can be found on my profile.
Full Screener Panel
This panel allows the trader to monitor multiple pairs at a single screen, giving an immediate vision of possible entries and exits (Long/Short). Moreover, allows traders to have handy all information of the TwV Market Signals Indicator that might be analyzed further for each pair. It has the following characteristics:
It can be placed anywhere on the screen through the main menu of the indicator.
It can be combined with the same indicator multiple times, as per screener is limited to show 40 pairs, you can select the number of panels being added to adjust position one next to each other.
It strengthens colors when a pair has changed its signals in order to the trader to know immediate changes and then do the follow up
The screener shows the pairs, which can be changed within the menus.
The screener shows the Long and Short Signals in its las column but previously, it shows the most critical parameters in the strategies (Market Signals Indicator) that determined the possible Long/Short position. Therefore, the EMAs, STOCH, SQZ, ADX, and TTM, are summarized in the screener for each pair.
For analyzing a specific pair, refer to the the Twv Market Signals Indicator, which is other indicator that might be on my TradingView Profile and that was used as base for the screener.
How to use this indicator and work with the strategies of the TwV Market Signals Indicator
The use of EMAs 10,20 and 50 draw the medium to long term trends, therefore avoiding signals against the trend. Furthermore, the EMAs will advise possible change in trends, especially considering the 10 and 20 cross, considering that crossing the 10,20 and 50, might confirm the change in med to long term trend change of the price. This is completely visual in the chart as it tints green for positive trend and yellow to red for negative trend.
The 200 SMA is included as it also gives better confirmation to the trend, the basics tell that when the EMAs mentioned above are below the 200 SMA then the likelihood for entries in long positions are not the best and vice versa for short.
Therefore, the trader shall filter Long and Short Signals accordingly as this EMAs are not used to send Long and Short signals considering that they confirm the trend in a slow pace and not reactively to the price volatility.
There are two strategies built-in within the indicator:
Strategy 1 – Longer time trades and high volatility handling
The Long and Short Signals are based on 14 and EMAs (by default). This two Mas are used to send signals based on their crossovers as they are way more reactive to the price movement.
Trader shall consider that EMAs are used for higher timeframes, therefore the indicator has the possibility to adjust the EMAs and use SMAs or WMAs instead for one or the two parameters (14 and 21).
WMAs react faster to the price volatility so the trader shall adjust this according to the timeframe being used. (Lower timeframes suggested).
This strategy is used for trades that might keep running for longer periods of times.
For reference on what the SMAs, EMAs and WMAs are, please see below sections in the description.
Strategy 2 - Shorter time trades and unhandled high volatility
The Long and Short Signals are bases on HMA. HMAs (Hull Moving Averages) track the price movement and volatility way faster that SMAs, EMAs and WMAs, therefore as the HMA follow the price quicker, it is intended for short time trades even in higher timeframes.
Scalping is not suggested using this strategy as HMA do not handle high volatility even on higher timeframes.
One of the biggest differences from the first strategy is that there is no more than a single HMA length to work with, which is 24 as default.
HMAs calculation is different to other MAs, therefore combining various HMAs lengths looking for crossovers become trend identification a lot less precise. HMAs are not intended to be used with different length crossovers.
Exit points = The use of Stochastic and VRVP
Stochastic RSI
It is well known that when Stochastic RSI resets when overbought or oversold therefore traders have within a summary box the possibility to check whether the K & D lines in the Stochastic RSI hace crossed over bullish or bearish.
Although the crossover is not mandatory for a change trend, the crossover might be used by the trader to exit a position considering that the price might move on the opposite direction.
Traders shall look at the summary box, where bullish and bearish crossovers are shown, so they evaluate their position exit.
Visible Range Volume Profile
The use of the VRVP is to find support and resistance on the price movements. Although high and lows are used as possible supports and resistances, VRVP shows an area of confluence on the order book, where volume of positions are accumulated and that might act as support or resistance depending on the price direction.
Traders can visually activate the VRVP to see the Point of Control (POC) directly on the chart as a line (similar as how a support or resistance would be drawn). Moreover, traders have the ability to see within the summary box, whether to see if the price is above or below the POC, so they clearly know if it is acting as support or resistance.
Price Direction
Trade the market trend is well known to be used to identify possible price direction. It is important not to confuse the longer time trend drawn by the EMAs with the TTM Trend bar color. The TTM trend colors bars according to the price direction, helping traders not to confuse when a red bar appears on an uptrend or green bars on a down trend.
This coloring helps traders not to exit trades based on bar coloring, which might psychologically affect when scalping or short-term trading specially.
Originally, the TTM trend is used considering the ADX in and indicator called TTM Squeeze, where the strength of the movement is measured, therefore although candle colors help with the price direction, ADX provides the trader the ability to see whether the direction is losing momentum and then catch the best possible exit before the direction change.
Terminology basics
Trend indicators
Exponential Moving Average (EMAs): The base indicator is composed of moving averages of 10, 20 and 55 exponential periods, to determine a possible bullish or bearish trend (EMA Crossing)
Simple Moving Average (SMA): The base indicator is composed of a moving average of 200 simple periods, which in conjunction with the EMAs can lead to estimate potential upward or downwards moves, as well as possible resistances. (SMA Positioning)
Weighted moving average (WMA): It is a technical indicator that traders use to generate trade direction and make a long or short position. It assigns greater weighting to recent data points and less weighting on past data points. (WMA Crossing)
Strength and S/R indicators
VPVR (Volume Profile Visible Range): It allows to determine the Point of Control (POC) which is the node with the highest volume profile. This can be used as an important retest point or to calculate potential support and resistance. The POC level is represented with a red dotted line in the graph.
The VPVR is a simplified version of the “TwV Multi-timeframe Dynamic VRVP” that you can find for free use in my profile. This version calculates the main’s timeframe POC and also has the possibility to be fixed range if the trader enables it from the menu. (Dynamic range by default).
ADX (Average Directional Index): The ADX helps the indicator to estimate the strength of the movement, always considering the DI+ and DI- to not go against the trend strength. This is represented as summary text in a table.
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Exit indicator
Stochastic RSI: It is an indicator used in technical analysis that ranges between zero and a hundred and is created by applying the Stochastic oscillator formula to a set of relative strength index (RSI) values rather than to standard price data. Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold (Exit zones)
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How to use Summary
1. Receive the Long or Short Signals using strategy 1 or 2, depending on the selected in the main menu of the indicator.
2. Evaluate the trend based on the 10,20, 50 and 200 MAs. Filter the Long and Short signals accordingly.
3. Monitor constantly the TTM Trend and the ADX for the direction and strength of the position entered and review if the momentum is being lost, considering step 4 or other possible reasons that might lead to exiting the position.
4. Once entered to a position evaluate constantly the Stochastic RSI bearish or bullish crossover or POC value on screen or summary box to exit the position.
5. Consider that for doing the evaluation individually, you shall use the TwV Market Signals.
[LazyBear] SQZ Momentum + 1st Gray Cross Signals ━ whvntrI have modified LazyBears Squeeze Momentum Indicator with enhancements, plus added signals
LazyBear mentioned that in John F. Carter's book, Chapter 11, "Mastering the Trade", that "Mr. Carter suggests waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). Exit the position when the momentum changes (increase or decrease --- signified by a color change)." I have done just that. Now at each "first gray after a black cross", there are now Bearish and Bullish signals.. The signals only appear in the direction of the momentum.
Disclaimer: This indicator does not constitute investment advice. Trade at your own
risk with this method of identifying changes in stock market momentum.
HMA Breakout Buy/Sell indicator for Scalping & Intraday - ShyamHi All,
This is a very simple indicator which provides the buy signal, when the moving average lines turns Green and sell signal, when the moving average signal turns red. This can be used for both intraday and scalping method with different timeframes. But best time frame is 5 minutes.
Buy Signal >>> Line turns GREEN (Use trailing SL to cover maximum profit)
Sell Signal >>> Line turns RED (Use trailing SL to cover maximum profit)
No trade >>> Line turns GRAY
Best timeframe >>> 5 minutes
Thanks,
Shyam
Wave Fusion By CryptoScriptsThe Wave Fusion indicator is finally here! This indicator is a combination of the Wave Strength Oscillator and RSVP Extractor. It used a combination of momentum waves, volume, price, RSI, and statistical analysis to help nail down whenever the current price is overextended and due for a reversal. I'm currently using the 1D timeframe for BTC but feel free to experiment on different timeframes to see what works best for you. In the description below, I'll go over each signal, how it's derived, and how to use them!
Oversold (Green shaded area) - The oversold indication appears whenever all oscillators are oversold and is usually a good indicator that a reversal to the upside is around the corner (at least for a short period). Be advised these are the weakest of the three signals so I recommend using this signal with other indicators (such as my MFI Pro).
Overbought (Red shaded area) - The overbought indication appears whenever all oscillators are overbought and is usually a good indicator that a reversal to the downside is around the corner (at least for a short period). Be advised these are the weakest of the three signals so I recommend using this signal with other indicators (such as my MFI Pro).
Green Diamond - The green diamonds indicate whenever one or more oscillators are oversold AND one or more oscillators are outside of the bollinger bands, which is great for catching reversals to the upside. These may come two or three at a time so it may be best to wait until they have all printed before entering.
Red Diamond - The red diamonds indicate whenever one or more oscillators are overbought AND one or more oscillators are outside of the bollinger bands which is great for catching reversals to the downside (as seen in the chart). These may come two or three at a time so it may be best to wait until they have all printed before entering.
Rocket - The rocket symbol occurs whenever ALL oscillators are oversold and one or more oscillators are outside of the bollinger bands . This is great for catching reversals to the upside but may come two or three at a time so it may be best to wait until they have all printed before entering.
Red Alarm - The red alarm symbol occurs whenever ALL oscillators are overbought and one or more oscillators are outside of the bollinger bands . This is great for catching reversals to the downside but may come two or three at a time so it may be best to wait until they have all printed before entering.
Moon - The Moon symbol occurs whenever ALL oscillators are oversold and ALL oscillators are outside of the bollinger bands . This is great for catching reversals to the upside but may come two or three at a time so it may be best to wait until they have all printed before entering.
Blood Moon - The red alarm symbol occurs whenever ALL oscillators are overbought and ALL oscillators are outside of the bollinger bands . This is great for catching reversals to the downside but may come two or three at a time so it may be best to wait until they have all printed before entering.
Strongest to Weakest Buy Signals - Moon --> Rocket --> Green Diamond --> Green Shaded Area
Strongest to Weakest Sell Signals - Blood Moon --> Red Alarm --> Red Diamond --> Red Shaded Area
Input Options
Show Histogram - I also included a Histogram in the indicator to help gauge the level of buys/sell strength but kept it hidden for the default levels (i.e a green diamond with a red histogram bar is usually a good sign a reversal is about to happen to the upside whereas a green diamond with a green histogram bar may indicate a false reversal and there's still more room to the downside until a red bar appears. Always backtest this!)
Show Overbought/Oversold Levels - This is if you want to ignore all of the green/red shaded areas and only focus on the diamonds and rocket/alarm signals
Wave Overbought/Oversold Levels - Free free to change to value of the overbought/oversold levels to change where the green/red shades areas print
Momentum Overbought/Oversold Levels - Free free to change to value of the overbought/oversold levels to change where the green/red shades areas print
Histogram Length - This will not change anything with the signals but I included it so you can change the visuals if it helps you
Momentum Length - This will change where the signals plot
Momentum Signal - This only changes the yellow signal line and nothing else. It's not incorporated into any equation
Average Length - This will change where the signals plot
Alerts
I've set alerts on this indicator for each icon (Oversold, Overbought, Green Diamond, Red Diamond, Rocket, Red Alarm, Moon , Blood Moon). I HIGHLY recommend setting the alerts for Candle Close so that you can be sure the signal is confirmed.
You may notice that the indicator can give multiple signals back-to-back or be overbought/oversold for multiple candles. When this happens, it's best to look at other indicators such as the MFI Pro, MACD, etc to nail the best entry and have confluence with your decision. With that said, having multiple signals back-to-back can also be an indication that the move is close to happening. This indicator works with crypto and stocks as well.
If you have any questions or would like to purchase this indicator, please comment below or PM me. I also made a video tutorial for the indicator on my Youtube channel (link is next to my profile pic)
Be advised past performance is not indicative of future returns. Backtest EVERY timeframe and NEVER blindly take signals! Also, never invest more than you can afford to lose.
Enjoy :)
Attrition Scalper v2.0Green/Red Arrowed Buy/Sell signals are just simple buy sell signals based on SuperTrend, VWAP, Bollinger, Linear Regression
Purple Arrowed Buy/Sell Signals happen when the price/candle cross over or under the yellow outer lines (4.236 fib lines) It's extremely rare and hard for price to stay above these lines therefore we can usually and comfortably buy/sell it, a key information here though when price pumps or dumps super fast and hard to the point of crossing these borders, the trend might also be extremely strong and continous so even if the price temporarily goes back inside the borders as the lines expand over time price can continue riding or crossing these lines back again and continue the uptrend/downtrend, therefore crossing these outer borders doesn't necessarilly and always mean a reversal is due.
When analyzing the instrument you're trading the important factors for support/resistance areas are usually the outer lines like i said previously it's super hard for price to be outside these and will almost always get back inside quickly. The Middle thicker green/red line which is Variable Index Dynamic Average should also be a nice pivot line for major support and resistance . All the other lines are also important dynamic support/resistance lines.
Their Importance Order
1- Outer Yellow Line (4.236 Fibs)
2- Thicker Middle Green/Red Line (VIDYA)
3- Thinner Upper/Lower Green/Red Line (VIDYA +3, VIDYA -3)
4- The Rest Of The Lines (Fib Lines)
You can use this indicator in any market condition in any market to determine key support/resistance levels, use it for mean reversion through price expanding to outside of the most outer line therefore being overbought/oversold basically using the purple buy/sell signals or only follow the normal buy/sell signals or use it in confluence with each other. You can also use this indicator in confluence with your own manual technical analysis or other indicators/strategies you are already using and are comfortable with.
A good part is the support/resistance lines from timeframe to timeframe pictures the whole situation quite well, you can use lower timeframe to find your entry/exit positions and higher timeframe to find your key support/resistance points, they all should be somewhat in confluence from timeframe to timeframe anyways. My recommendation would be to look at 1HR, 4HR and 1D charts for swing trading and 5-15 Min for quick scalping/day trading
You should still probably at least take a look to higher timeframes so that you don't get burned when you realize there is a huge resistance line at price XXXXX on the 4 hour chart but you're expecting it to go above it on the 5 minute chart, it can go above it temporarily but we analyze everything on a closing basis so it most likely won't close above it. Again don't take a position or FOMO when price breaks a support/resistance line, we're looking for a CLOSE above/below them and a retest to see if S/R flip happened would even be better.
Sometimes the most outer line won't be the 4.236 (Yellow) lines as when it gets quite volatile the Thinner Upper/Lower Green/Red Lines (VIDYA +3, VIDYA-3) might cross them to be the most outer line, in this case i have observed that the trend is extremely strong this time price almost always doesn't go above or below the VIDYA line but can stay outside of the Yellow 4.236 Fib line for an extended amount of time (price will still get back inside the channel relatively quickly, just not as fast as the normal condition)
With Proper Risk Management and Discipline this indicator can be of great use to you as it's surprisingly successful especially at mean reversion and pointing out the support/resistance lines, they are so much more successful than your average MA/EMA lines.
RSI Buy & Sell Trading ScriptThis is my first attempt at a trading script using the RSI indicator for Buy & Sell signals (so please be nice but would appreciate any constructive comments).
Starting with $100 initial capital and using 10% per trade
You can select which month the backtesting starts
There is also a monthly table (sorry can’t remember who I got this from) that shows the total monthly profits, but you’ll need to turn it on by going into settings, Properties and in the Recalculate section tick the “On every tick” box
It should do the following:
Open Buy order if the RSI > 68 and the current Moving Average is greater than the previous Moving average
• TP1 = 50% of Order at 0.4%
• TP2 = 50% of order at 0.8%
• SL = 2% below entry
• Close Buy order if the RSI < 30
Open Sell order if the RSI < 28 and the current Moving Average is less than the previous Moving average
• TP1 = 50% of Order at 0.4%
• TP2 = 50% of order at 0.8%
• SL = 2% above entry
• Close Buy order if the RSI < 60
I would like to build on this if you have any ideas/ code that could help like the following:
• Move the SL to break even when it hits TP1
• Move the SL to TP1 when TP2 hits
• Moving take profit code so I can let the some of the trade stay in play (activate if it hits 1% profit and close trade if price retracts 0.5%)
Range Detector Indicator [Misu]█ This indicator shows an upper and lower band based on Highs and Lows.
Depending on this, the indicator interprets a ranging market, an uptrend or a downtrend.
█ Usages:
The purpose of this indicator is to identify when the price is ranging.
It's also used to identify changes in trends, breaking points, and trend reversals.
But it can also be used to show resistance or support levels.
█ Features:
> Price Action Change Alerts
> Price Action Change Labels
> Color Bars
> Show Bands
█ Parameters:
Deviation: A parameter used to calculate pivots.
Depth: A parameter used to calculate pivots.
Activate Range Detection: Check the box to activate range detection.
Band% Offset: A factor that is used to vary the bands offset.
Supertrend - Long & Short -Sachin Ughadethis indicator for super trend strategy with buy and sell signals
Futures Full FS ScreenerFull FS Screener
This indicator allows traders to have a view of multiple pairs and timeframes buy/sell signals and specific information of parameters, based on the Futures FS Indicator also developed by me.
Futures FS Indicator Fundamentals
1. Exponential Moving Average (EMAs): The base indicator is composed of moving averages of 5, 10, 11, 13, 36 and 55 exponential periods.
2. Squeeze Momentum: This indicator allows the signals to go with the trend and not against it.
3. VPVR (Volume Profile Visible Range): It allows to determine the Point of Control (POC) which is the node with the highest volume profile. This can be used as an important retest point or to calculate potential support and resistance.
4. ADX (Average Directional Index): The ADX helps the indicator to estimate the strength of the movement, always considering the DI+ and DI- to not go against the trend.
5. RSI (Relative Strength Index): The RSI helps measuring the speed and magnitude of the recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The indicator considers RSI 5, 13 and 50 as bottom and top, respectively.
6. MACD (Moving average convergence divergence): The MACD is a trend-following momentum indicator that shows the relationship between moving averages. The indicator uses moving averages of 5, 8 and 21).
7. The trend is determined according to these parameters and their different values, which might indicate that we are in a bullish or bearish trend. The trend has a max positive (bullish) value of 6 and a max negative (bearish) value of -6.
Full Screener Panel
This panel allows the trader to monitor multiple pairs at a single screen, giving an immediate vision of possible entries and exits (Long/Short/Strong Long/Strong Short Signals). Moreover, allows traders to have handy all information of the Future FS Indicator that might be analyzed further for each pair. It has the following characteristics:
• It can be placed anywhere on the screen through the main menu of the indicator.
• It can be combined with the same indicator multiple times, as per screener is limited to show 40 pairs, you can select the number of panels being added to adjust position one next to each other.
• It strengthens colors when a pair has changed its signals in order to the trader to know immediate changes and then do the follow up
• The screener shows the pairs, which can be changed within the menus.
• The screener shows the Long, Short, Strong Long and Strong Short Signals in its las column but previously, it shows the parameters that determined the possible position. Therefore, the EMAs, SQZ, ADX, VPVR, RSI and MACD calculated internally, are also summarized in the screener.
For analyzing a specific pair, refer to the TwV Futures Indicator – FS, which is other indicator that might be on my TradingView Profile and that was used as base for the screener.
Futures Simple FS ScreenerSimple FS Screener
This indicator allows traders to have a simple view of multiple pairs and timeframe buy/sell signals, based on the Futures FS Indicator also developed by me.
Futures FS Indicator Fundamentals
1. Exponential Moving Average (EMAs): The base indicator is composed of moving averages of 5, 10, 11, 13, 36 and 55 exponential periods.
2. Squeeze Momentum: This indicator allows the signals to go with the trend and not against it.
3. VPVR (Volume Profile Visible Range): It allows to determine the Point of Control (POC) which is the node with the highest volume profile. This can be used as an important retest point or to calculate potential support and resistance.
4. ADX (Average Directional Index): The ADX helps the indicator to estimate the strength of the movement, always considering the DI+ and DI- to not go against the trend.
5. RSI (Relative Strength Index): The RSI helps measuring the speed and magnitude of the recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The indicator considers RSI 5, 13 and 50 as bottom and top, respectively.
6. MACD (Moving average convergence divergence): The MACD is a trend-following momentum indicator that shows the relationship between moving averages. The indicator uses moving averages of 5, 8 and 21).
Simple Screener Panel
This panel allows the trader to monitor multiple pairs at a single screen, giving an immediate vision of possible entries and exits (Long/Short/Strong Long/Strong Short Signals). It has the following characteristics:
It can be placed anywhere on the screen through the main menu of the indicator.
It can be combined with the same indicator multiple times, as per screener is limited to show 40 pairs, you can select the number of panels being added to adjust position one next to each other.
It strengthens colors when a pair has changed its signals in order to the trader to know immediate changes and then do the follow up
The screener shows the pairs (which can be changed within the menus) and as part of being the simple screener it shows the Long, Short, Strong Long and Strong Short Signals. Therefore, the EMAs, SQZ, ADX, VPVR, RSI and MACD are calculated internally and its data will not be shown.
For viewing all parameters, refer to the Futures FS Full Screener or the TwV Futures Indicator – FS, which are other indicators that might be on my TradingView Profile
V Bottom & V Top Pattern [Misu]█ This indicator shows V bottom & V top patterns as well as potential V bottom & V top.
These V bottom & V top are chart powerful reversal patterns.
They appear in all markets and time-frames, but due to the nature of the aggressive moves that take place when a market reverses direction, it can be difficult to identify this pattern in real-time.
To address this problem, I added potential V pattern as well as the confirmed one.
█ Usages:
You can use V top & V bottoms for reversal zones.
You can use it for scalping strategies, as a main buy & sell signal.
Potential V patterns can be used to anticipate the market, in addition to volatility or momentum indicators, for example.
█ How it works?
This indicator uses pivot points to determine potential V patterns and confirm them.
Paramaters are available to filter breakouts of varying strengths.
Patterns also have a "max number bars" to be validated.
█ Why a Strategy type indicator?
Due to the many different parameters, this indicator is a strategy type.
This way you can overview the best settings depending on your pair & timeframe.
Parameters are available to filter.
█ Parameters:
Deviation: Parameter used to calculate parameters.
Depth: Parameter used to calculate parameters.
Confirmation Type: Type of signal used to confirme the pattern.
> Mid Pivot: pattern will confirm on mid pivot breakout.
> Opposit Pivot: pattern will confirm on opposit pivot breakout.
> No confirmation: no confirmation.
Lenght Avg Body: Lenght used to calculate the average body size.
First Breakout Factor: This factor multiplied by the "body avg" filters out the non-significant breakout of potential V pattern.
Confirmation Breakout Factor: This factor multiplied by the "body avg" filters out the non-significant breakout for the confirmation.
Max Bars Confirmation: The maximum number of bars needed to validate the pattern.
TriexDev - SuperBuySellTrend (PLUS+)Minimal but powerful.
Have been using this for myself, so thought it would be nice to share publicly. Of course no script is correct 100% of the time, but this is one of if not the best in my basic tools. (This is the expanded/PLUS version)
Github Link for latest/most detailed + tidier documentation
Base Indicator - Script Link
TriexDev - SuperBuySellTrend (SBST+) TradingView Trend Indicator
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SBST Plus+
Using the "plus" version is optional, if you only want the buy/sell signals - use the "base" version.
## What are vector candles?
Vector Candles (inspired to add from TradersReality/MT4) are candles that are colour coded to indicate higher volumes, and likely flip points / direction changes, or confirmations.
These are based off of PVSRA (Price, Volume, Support, Resistance Analysis).
You can also override the currency that this runs off of, including multiple ones - however adding more may slow things down.
PVSRA - From MT4 source:
Situation "Climax"
Bars with volume >= 200% of the average volume of the 10 previous chart TFs, and bars
where the product of candle spread x candle volume is >= the highest for the 10 previous
chart time TFs.
Default Colours: Bull bars are green and bear bars are red.
Situation "Volume Rising Above Average"
Bars with volume >= 150% of the average volume of the 10 previous chart TFs.
Default Colours: Bull bars are blue and bear are blue-violet.
A blue or purple bar can mean the chart has reached a top or bottom.
High volume bars during a movement can indicate a big movement is coming - or a top/bottom if bulls/bears are unable to break that point - or the volume direction has flipped.
This can also just be a healthy short term movement in the opposite direction - but at times sets obvious trend shifts.
## Volume Tracking
You can shift-click any candle to get the volume of that candle (in the pair token/stock), if you click and drag - you will see the volume for that range.
## Bollinger Bands
Bollinger Bands can be enabled in the settings via the toggle.
Bollinger Bands are designed to discover opportunities that give investors a higher probability of properly identifying when an asset is oversold (bottom lines) or overbought (top lines).
>There are three lines that compose Bollinger Bands: A simple moving average (middle band) and an upper and lower band.
>The upper and lower bands are typically 2 standard deviations +/- from a 20-day simple moving average, but they can be modified.
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Base Indicator
## What is ATR?
The average true range (ATR) is a technical analysis indicator, which measures market volatility by decomposing the entire range of an asset price for that period.
The true range indicator is taken as the greatest of the following:
- current high - the current low;
- the absolute value of the current high - the previous close;
- and the absolute value of the current low - the previous close.
The ATR is then a moving average, generally using 10/14 days, of the true ranges.
## What does this indicator do?
Uses the ATR and multipliers to help you predict price volatility, ranges and trend direction.
> The buy and sell signals are generated when the indicator starts
plotting either on top of the closing price or below the closing price. A buy signal is generated when the ‘Supertrend’ closes above the price and a sell signal is generated when it closes below the closing price.
> It also suggests that the trend is shifting from descending mode to ascending mode. Contrary to this, when a ‘Supertrend’ closes above the price, it generates a sell signal as the colour of the indicator changes into red.
> A ‘Supertrend’ indicator can be used on equities, futures or forex, or even crypto markets and also on daily, weekly and hourly charts as well, but generally, it will be less effective in a sideways-moving market.
Thanks to KivancOzbilgic who made the original SuperTrend Indicator this was based off
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## Usage Notes
Two indicators will appear, the default ATR multipliers are already set for what I believe to be perfect for this particular (double indicator) strategy.
If you want to break it yourself (I couldn't find anything that tested more accurately myself), you can do so in the settings once you have added the indicator.
Basic rundown:
- A single Buy/Sell indicator in the dim colour; may be setting a direction change, or just healthy movement.
- When the brighter Buy/Sell indicator appears; it often means that a change in direction (uptrend or downtrend) is confirmed.
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You can see here, there was a (brighter) green indicator which flipped down then up into a (brighter) red sell indicator which set the downtrend. At the end it looks like it may be starting to break the downtrend - as the price is hitting the trend line. (Would watch for whether it holds above or drops below at that point)
Another example, showing how sometimes it can still be correct but take some time to play out - with some arrow indicators.
Typically I would also look at oscillators, RSI and other things to confirm - but here it held above the trend lines nicely, so it appeared to be rather obvious.
It's worth paying attention to the trend lines and where the candles are sitting.
Once you understand/get a feel for the basics of how it works - it can become a very useful tool in your trading arsenal.
Also works for traditional markets & commodities etc in the same way / using the same ATR multipliers, however of course crypto generally has bigger moves.
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You can use this and other indicators to confirm likeliness of a direction change prior to the brighter/confirmation one appearing - but just going by the 2nd(brighter) indicators, I have found it to be surprisingly accurate.
Tends to work well on virtually all timeframes, but personally prefer to use it on 5min,15min,1hr, 4hr, daily, weekly. Will still work for shorter/other timeframes, but may be more accurate on mid ones.
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This will likely be updated as I go / find useful additions that don't convolute things. The base indicator may be updated with some limited / toggle-able features in future also.
