Bull vs Bear CandlesThe Bull vs Bear Candles indicator helps you analyze market sentiment by counting and comparing bullish and bearish candles. It tracks the number of bullish candles and calculates their percentage, then does the same for bearish candles. Based on this data, the indicator determines whether bulls or bears are in control. Additionally, it counts the total number of candles within the selected range, giving you a clearer picture of price action. Use this tool to quickly assess market trends and make more informed trading decisions. 🚀
Candlestick analysis
SMT Divergence [TakingProphets]The SMT (Smart Money Technique) Divergence indicator identifies potential market manipulation and smart money footprints by comparing price action between correlated instruments. It uses a dual-detection system to catch both frequent local SMTs and larger structural SMTs:
• Primary detection uses a shorter lookback period (default 5) to identify common SMT patterns
• Secondary detection uses a longer lookback period (default 8) to catch larger structural SMTs
• Automatically filters significant moves to prevent noise
• Labels are placed clearly outside of price action for better visibility
• Toggle between showing all SMTs or only significant liquidity sweeps
Compare any two instruments to spot divergences in their price action. Particularly useful for:
- Futures vs Spot markets
- Related currency pairs
- Index vs its components
- Any correlated instruments
Default settings are optimized for intraday trading but can be adjusted for different timeframes.
Note: This indicator works best when comparing closely correlated instruments and should be used alongside other technical analysis tools.
RoGr75 Adaptive EMA CrossDescription:
The RoGr75 Adaptive EMA Cross indicator dynamically combines exponential moving averages (EMAs) with ATR-based volatility buffers to generate buy and sell signals across multiple timeframes. This script uses customizable settings for short and long EMAs, ATR, and volume filters, ensuring that signals are both volatility-adjusted and timeframe-aware. It includes features such as adaptive buffers, distinct price level filters for buying and selling, and a reset mechanism to prevent redundant signals. Additionally, the indicator manages signal labels efficiently to keep your chart uncluttered.
Warning:
This script is provided for testing and educational purposes only. It is not intended as financial advice, and past performance does not guarantee future results. Use at your own risk. Always conduct your own research before making any trading decisions.
Higher Timeframe Input: Choose a specific timeframe for the indicator’s calculations; leave blank to use the chart’s current timeframe.
Signal Distance: Sets the distance of signal labels from the candles as a multiple of the ATR.
Exact Value Offset: Adjusts the secondary marker’s position for precision on the chart.
ATR Length: Defines the period used to calculate the Average True Range for volatility measurement.
EMA Lengths: Specify the periods for the short and long exponential moving averages.
Buy/Sell Buffer ATR Multipliers: Dynamically adjust the trigger distance beyond the EMA crossovers based on volatility.
Price Level Filter: Activates a filter so that buy signals only occur above a set price and sell signals only occur below that price (0 disables the filter).
Volume Filter: Optionally requires current volume to exceed a set multiple of a 20-period average for signal confirmation.
Reset Period: Resets the last signal memory after a specified number of bars to avoid suppressing valid repeat signals.
EMA Colors & Line Width: Customize the appearance of the short and long EMAs.
Label Colors & Styles: Choose colors, text colors, and styles for the buy and sell signal labels.
Background Highlighting: Optionally colors the background when a buy or sell signal occurs.
Label Management: Automatically removes the oldest labels when a set maximum is reached to keep the chart clean.
Alerts: Predefined conditions allow you to set TradingView alerts when buy or sell signals are generated.
Warning: This indicator is for testing purposes only and is not financial advice. Use it at your own risk.
Reversal rehersal v1This indicator was designed to identify potential market reversal zones using a combination of RSI thresholds (shooting range/falling range), candlestick patterns, and Fair Value Gaps (FVGs). By combining all these elements into one indicator, it allow for outputting high probability buy/sell signals for use by scalpers on low timeframes like 1-15 mins, for quick but small profits.
Note: that this has been mainly tested on DE40 index on the 1 min timeframe, and need to be adjusted to whichever timeframe and symbol you intend to use. Refer to the backtester feature for checking if this indicator may work for you.
The indicator use RSI ranges from two timeframes to highlight where momentum is building up. During these areas, it will look for certain candlestick patterns (Sweeps as the primary one) and check for existance of fair value gaps to further enhance the hitrate of the signal.
The logic for FVG detection was based on ©pmk07's work with MTF FVG tiny indicator. Several major changes was implemented though and incorporated into this indicator. Among these are:
Automatically adjustments of FVG boxes when mitigated partially and options to extend/cull boxes for performance and clarity.
Backtesting Table (Experimental):
This indicator also features an optional simplified table to review historical theoretical performance of signals, including win rate, profit/loss, and trade statistics. This does not take commision or slippage into consideration.
Usage Notes:
Setup:
1. Add the indicator to your chart.
2. Decide if you want to use Long or Short (or both).
3. If you're scalping on ie. 1 min time frame, make sure to set FVG's to higher timeframes (ie. 5, 15, 60).
4. Enable the 'Show backtest results' and adjust the 'Signals' og 'Take profit' and 'Stop loss' values until you are satisfied with the results.
Use:
1. Setup an alert based on either of the 'BullishShooting range' or 'BearishFalling range' alerts. This will draw your attention to watch for the possible setups.
2. Verify if there's a significant imbalance prior to the signal before taking the trade. Otherwise this may invalidate the setup.
3. Once a signal is shown on the graph (either Green arrow up for buys/Red arrow down for sells) - you should enter a trade with the given 'Take profit' and 'Stop loss' values.
4. (optional) Setup an alert for either the Strong/Weak signals. Which corresponds to when one of the arrows are printed.
Important: This is the way I use it myself, but use at own risk and remember to combine with other indicators for further confluence. Remember this is no crystal ball and I do not guarantee profitable results. The indicator merely show signals with high probability setups for scalping.
Fibonacci Retracement/ExtensionThis Pine Script code implements Fibonacci retracement and extension levels based on a ZigZag pattern. Below is a breakdown of its functionality:
Overview
The script calculates Fibonacci retracement and extension levels by identifying swing highs and swing lows using the ZigZag algorithm. It then plots these levels on the chart for trend analysis.
1. ZigZag Length Input
Defines the ZigZag length, which determines the sensitivity of peak and trough identification.
2. Fibonacci Retracement Calculation
Computes Fibonacci retracement levels using swing highs and lows.
Uses pre-defined Fibonacci ratios (0.236, 0.382, 0.5, 0.618, 0.786, 1.0).
Adjusts line positions dynamically as the trend evolves.
3. Fibonacci Extension Calculation
Identifies Fibonacci extension levels for future price targets.
Uses previous ZigZag patterns to estimate potential price movements.
4. Trend and Fibonacci Configuration
Allows the user to configure Fibonacci trend analysis.
TrendSw: Sets the trend direction (1 = Bullish, -1 = Bearish, 0 = None).
ZigZagleg: Determines the countback value for retracement calculations.
Daily COC Strategy with SHERLOCK WAVESThis indicator implements a unique trading strategy known as the "Daily COC (Candle Over Candle) Strategy" enhanced with "SHERLOCK WAVES" for pattern recognition. It's designed for traders looking to capitalize on specific candlestick formations with a negative risk-reward ratio, with the aim of achieving a high win rate (over 70%) through numerous trading opportunities, despite each trade having a higher risk relative to the reward.
Key Features:
Pattern Recognition: Identifies a setup based on three consecutive candles - a red candle followed by a shooting star, then an entry candle that does not break below the shooting star's low.
Negative Risk/Reward Trade Selection: Focuses on entries where the potential stop loss is greater than the take profit, banking on a high win rate to offset the individual trade's negative risk-reward ratio.
Visual Signals:
Green Label: Marks potential entry points at the high of the candle before the entry.
Green Dot: Indicates a winning trade closure.
Red Dot: Signals a losing trade closure.
Blue Circle: Warns when the current candle is within 2% of breaking above the previous candle's high, suggesting a potential setup is developing.
Green Circle: Plots the take profit level.
Red Circle: Plots the stop loss level.
Dynamic Statistics: A live updating label showing the number of trades, wins, losses, open trades, current account balance, and win percentage.
Customizable Parameters:
Risk % per Trade: Adjust the percentage of your account balance you're willing to risk on each trade.
Initial Account Balance: Set your starting balance for tracking performance.
Start Date for Strategy: Define when the strategy should start calculating from, allowing for backtesting.
Alerts:
An alert condition is set for when a potential trade setup is developing, helping traders prepare for entries.
Usage Tips:
This strategy is predicated on the idea that a high win rate can compensate for the negative risk-reward ratio of individual trades. It might not suit all market conditions or traders' risk profiles.
Use this strategy in conjunction with other analysis methods to validate trade setups.
Note: Always backtest thoroughly before applying to live markets. Consider this tool as part of a broader trading strategy, not a standalone solution. Monitor your win rate and adjust your risk management accordingly to ensure the strategy remains profitable over time.
This description now correctly explains the purpose behind the negative risk-reward ratio in the context of your trading strategy.
Momentum TheoryMomentum Theory is a mechanical pattern-recognition tool for rapid multi-timeframe analysis. It utilizes higher timeframe breakout levels and peak levels to quickly identify multi-timeframe Swing Points that help in setting a bias, formulating a setup, and executing an entry. It takes advantage of the fractal nature of the market by applying one concept for top-down analysis that scalpers, day traders, and swing traders can use.
✅ Rapid Multi-Timeframe Analysis
✅ Mechanical Pattern-Recognition Used to Filter Setups
✅ For Scalpers, Day Traders, and Swing Traders
--- 📷 INDICATOR GALLERY ---
--- ⚡ ANALYSIS FEATURES ---
✔ Multi-Timeframe Map
Displays breakout levels, peak levels, bar flow, and swing points of higher timeframes. Read how the market is moving with a quick glance.
✔ Bar Flow
Displays whether the previous higher timeframe bar closed in breakout, fakeout, inside, or outside. Aids to quickly read market flow.
There are 4 Bar Types: Breakout , Fakeout , Inside , Outside
✔ Momentum Cycles
Displays which part of the Momentum Cycle the timeframe is currently in to anticipate future movement.
Read more information below at Momentum Theory Concept
✔ Quick Analysis
Calculates a percentage bias based on the position of the higher timeframes to set an overall bias. Great for when trying to narrow down a large watchlist to a few pairs.
✔ Market Snapshots
Takes a snapshot of the entire market on all valid trigger bars for future review. Tracks Quick Analysis, Momentum Cycles, and Bar Flow at that exact point in time.
Limited to the last 150 entry bars. Use TradingView Bar Replay to access more history.
--- ⛰️ LEVELS FEATURES ---
✔ Breakout Bias
Shows the location of all the higher timeframe breakout levels and if price is currently bullish or bearish. Breakout bias shows the overall bias of the timeframe.
✔ Peak Bias
Shows which peak level has been triggered of the higher timeframe and if price closed above or below it. Peak bias shows the current momentum of the timeframe.
✔ Trigger Bars
Displays when the lower and middle timeframes are moving in alignment. Spot when the lower timeframes are starting to move together.
⚠️ Trigger bars are an indication of breakout bias alignment at the lowest timeframes. They are NOT signals to be taken blindly without further analysis.
✔ Automatic Range Detection
Detects if the current and higher timeframe is in a range and plots those levels on the chart.
Ranges are created when the following 3 bar scenarios occur:
Inside Bar - Peaks of current bar closed inside previous bar's peaks
Outside Bar - Peaks of current bar are outside previous bar's peaks, but closed inside.
Mirrored Fakeout Bars - 2 opposite facing fakeout bars in a row
✔ Key Levels Highlights
Highlights the relevant levels for each timeframe and if current price is above or below them.
✔ Visual Elements
Highlights key elements like breakout level flips, fakeout bars, intraday session trading times, off session times, and higher timeframe swing points.
--- 🔥 OTHER FEATURES ---
✔ Built-In Alerts
Multiple built-in alert types to notify you of significant events in the market.
✔ Dark and Light Modes
Adjustable theme colors to trade your chart the way you want.
✔ Plug-and-Play
Automatically changes the relevant levels depending on the viewed timeframe. No initial settings to configure. Just add it to your chart and start trading!
H4 - Monthly Setups / Weekly Momentum
H1 -Weekly Setups / Daily Momentum
M15 - Daily Setups / H8 Momentum
M5 -H8 Setups / H2 Momentum
M3 - H4 Setups / H1 Momentum
M1 - H1 Setups / M15 Momentum
--- 💡 MOMENTUM THEORY CONCEPT ---
The best trade setups are found at swing points for 3 reasons:
They are the highest probability point the market will continue pushing.
They provide the best Stop Loss protection.
They offer the greatest Risk-to-Reward.
The goal of trading is to identify when these swing points occur to take the best trade setups.
Every swing point consists of a push towards a peak, a peak formation, and a push away from a peak. There is no way to know how long a push towards or away from a peak will last, but the peak formation can be identified by 2 elements:
A fakeout of a previous peak level
A flip of its last breakout level
We can track the movement of the market by looking at which peak level is triggered relative to its breakout level. How price behaves at the previous peak levels shows where momentum is headed. It continues to build towards a new peak until it fakes out the previous peak level and flips its breakout level, creating a swing point.
Swing points on the higher timeframes show up as multiple swing points on the lower timeframes, but they often won't be moving in sync. When 2 timeframe swing points get in alignment, the market will move smoothly together. You find the lower timeframe swing point the exact same way you find the higher timeframe one.
The market is constantly moving from one swing point to the next in a repeatable cycle. By using higher timeframe breakout levels and peak levels triggered, we can track where we are in this cycle to anticipate its future movement. This is the Momentum Cycle and it repeats itself over and over.
By using the exact same concept, we can identify mechanical alignment patterns on the lower timeframes to create setups that work in every phase of the market cycle. Identify your own patterns or use the suggested ones below. Watch the Live Trading Examples to see how these patterns are used.
✔ Range Setups
✔ Continuation Setups
✔ Reversal Setups
--- 🧩 EXTENDING MOMENTUM THEORY ---
If the best trade setups are found at swing points, then that must mean that every trading strategy that's worth learning must have some type of method to identify that specific move. Since Momentum Theory specializes in identifying the swing point, it can easily fit into most trading strategies by removing discretion and inserting a mechanical process to filter your existing strategy's setups. By using only non-negotiable levels such as Previous Day High / Low, you can convert most discretionary patterns into mechanical ones to hopefully help increase your consistency. My hope is that you can build your own library of mechanical setups that are specific to your strategy that go beyond the ones that I've provided.
--- 📝 HOW TO USE ---
⚠ Click on "Indicators > Invite-Only > Momentum Theory" to add it to your charts.
1) Determine directional bias on the higher timeframe chart.
2) Identify the cycle and setup pattern on the middle timeframe chart and wait for the momentum timeframe to be triggered.
3) Execute entries when the lower timeframes are aligned. Market is fractal and you can pick whatever timeframe you want for entry. Trade as simple or complex as you want.
⚠️ Trigger bars are an indication of breakout bias alignment at the lowest timeframes. They are NOT signals to be taken blindly without further analysis.
--- 🎞️ LIVE TRADING EXAMPLES ---
Market Analysis with Momentum Theory
Day Trading with Mechanical Setups (using Momentum Theory Scanner)
Momentum Theory Scalping Concepts - Asia Session - GOLD
RoGr75 - EMA Cross Signal with Buffer and Variable Distance**Overview**:
This script is designed to identify potential buy and sell signals based on the crossover of two Exponential Moving Averages (EMAs) – a short-term EMA (default: 8 periods) and a long-term EMA (default: 50 periods). To reduce noise and false signals, the script incorporates a customizable buffer percentage, ensuring that signals are only generated when the short-term EMA moves significantly above or below the long-term EMA. Additionally, the script allows users to adjust the distance of the signals from the candles using the Average True Range (ATR) for better visualization.
---
Improvements: Added Buffer Percentage for reduced noise in Signals
### **Key Features**:
1. **EMA Crossover Signals**:
Buy Signal: Generated when the short-term EMA crosses above the long-term EMA.
Sell Signal: Generated when the short-term EMA crosses below the long-term EMA.
2. **Buffer Percentage**:
A user-defined buffer percentage ensures that signals are only triggered when the short-term EMA moves a specified percentage above or below the long-term EMA, reducing false signals.
3. **Customizable Signal Distance**:
Signals are plotted at a user-defined distance from the candles, calculated using the ATR (Average True Range) for dynamic positioning.
4. **Visual Enhancements**:
Buy and sell signals are displayed as labels above or below the candles, with optional background highlighting for better visibility.
5. **Flexible Inputs**:
Users can customize the lengths of the short-term and long-term EMAs, the ATR period, the signal distance multiplier, and the buffer percentage.
6. **Alerts**:
Built-in alert conditions allow users to receive real-time notifications for buy and sell signals.
### **Input Parameters**:
**Short EMA Length**: Period for the short-term EMA (default: 8).
**Long EMA Length**: Period for the long-term EMA (default: 50).
**Signal Distance**: Multiplier for ATR to determine the distance of signals from the candles (default: 2.0).
**ATR Length**: Period for the ATR calculation (default: 14).
**Buffer Percentage**: Percentage buffer for reversal signals to reduce noise (default: 1.0%).
### **Ideal For**:
Traders who use EMA crossovers as part of their strategy.
Those looking to reduce false signals with a buffer mechanism.
Users who prefer dynamic signal positioning based on market volatility (ATR).
### **Notes**:
The buffer percentage ensures that signals are only generated when the price moves significantly, making it suitable for trend-following strategies.
The script is highly customizable, allowing traders to adapt it to different timeframes and instruments.
Micha Stocks Custom WatermarkThis Pine Script v5 indicator adds a customizable watermark to TradingView charts, displaying key stock information while allowing for flexible positioning and formatting.
📌 Features & Functionality:
✅ Custom Positioning:
• Fixed to the top-left corner.
• Adjustable spacing ensures the text is properly aligned.
✅ Displayed Information (Configurable):
• Company Name & Market Cap (Optional: Shows dynamically calculated market cap)
• Stock Ticker & Timeframe
• Industry & Sector
✅ Customization Options:
• Font Size: Huge, Large, Normal, Small
• Text Color & Transparency: Adjustable
• Proper Left Alignment for a clean, structured display
• Vertical Offset Tweaks to move text down for better visibility
✅ Optimized Table Layout:
• Uses table.new() for persistent placement.
• Added an empty row to fine-tune positioning, ensuring the watermark doesn’t overlap key chart areas.
🔧 Use Case:
Designed for traders who want a clear, customizable stock watermark to enhance their charting experience without obstructing price action.
Support and Resistancelookback: This input allows you to specify the number of bars to look back to calculate the support and resistance levels.
support: This is calculated as the lowest low over the specified lookback period.
resistance: This is calculated as the highest high over the specified lookback period.
plot: The support and resistance levels are plotted on the chart with different colors.
bgcolor: This optional feature highlights the support and resistance zones with a semi-transparent background color.
RoGr75 - EMA 50/8 Cross With Buy/Sell Signals RoGr75 - EMA 50/8 Cross With Buy/Sell Signals
---
**Overview:**
This script is designed to generate **Buy** and **Sell** signals based on the crossover and crossunder of two Exponential Moving Averages (EMAs): **EMA 8** (green line) and **EMA 50** (blue line). The signals are plotted at a user-defined distance from the candles, ensuring clear visibility and adaptability to market volatility.
---
**Key Features:**
1. **EMA Cross Signals**:
- A **Buy Signal** is generated when the **EMA 8** crosses above the **EMA 50**.
- A **Sell Signal** is generated when the **EMA 8** crosses below the **EMA 50**.
2. **Variable Signal Distance**:
- The distance of the Buy and Sell signals from the candles is controlled by a **user-defined input** (`signal_distance`).
- The distance is calculated using the **Average True Range (ATR)** to adapt to market volatility.
3. **Customizable Parameters**:
- `signal_distance`: Adjust the distance of the signals from the candles (default: 2.0).
- ATR period: Fixed at 14 but can be modified in the script.
4. **Visual Enhancements**:
- Buy signals are displayed as green labels below the candles.
- Sell signals are displayed as red labels above the candles.
- Optional background highlighting for Buy and Sell signals.
---
**How It Works:**
- The script calculates the **EMA 8** and **EMA 50** and plots them on the chart.
- When a crossover or crossunder occurs, a label is placed at a distance determined by the formula:
- **Buy Signal Position**: `low - (signal_distance * ATR(14))`
- **Sell Signal Position**: `high + (signal_distance * ATR(14))`
- The signals are clearly visible and adapt to the volatility of the asset.
---
**Input Parameters:**
- `signal_distance` (type: input float): Controls the distance of the Buy and Sell signals from the candles. Default value is `2.0`.
---
**Usage:**
1. Add the script to your chart in TradingView.
2. Adjust the `signal_distance` input to set the desired distance of the signals from the candles.
3. Monitor the Buy and Sell signals generated by the script for potential trading opportunities.
---
**Example:**
- If `signal_distance` is set to `2.0`, the Buy signal will appear **2x ATR** below the candle's low, and the Sell signal will appear **2x ATR** above the candle's high.
---
**Customization:**
- Modify the ATR period or replace it with a fixed value for static distance.
- Adjust the colors, styles, and sizes of the labels and EMAs to suit your preferences.
---
**Ideal For:**
- Traders looking for a simple and effective EMA crossover strategy.
- Users who want customizable signal placement for better visibility.
- Those who prefer volatility-adjusted signal distances.
---
**Note:**
This script is for educational and informational purposes only. Always backtest and validate strategies before using them in live trading.
RSI Crossover dipali parikhThis script generates buy and sell signals based on the crossover of the Relative Strength Index (RSI) and the RSI-based Exponential Moving Average (EMA). It also includes an additional condition for both buy and sell signals that the RSI-based EMA must be either above or below 50.
Key Features:
Buy Signal: Triggered when:
The RSI crosses above the RSI-based EMA.
The RSI-based EMA is above 50.
A green "BUY" label will appear below the bar when the buy condition is met.
Sell Signal: Triggered when:
The RSI crosses below the RSI-based EMA.
The RSI-based EMA is below 50.
A red "SELL" label will appear above the bar when the sell condition is met.
Customizable Inputs:
RSI Length: Adjust the period for calculating the RSI (default is 14).
RSI-based EMA Length: Adjust the period for calculating the RSI-based EMA (default is 9).
RSI Threshold: Adjust the threshold (default is 50) for when the RSI-based EMA must be above or below.
Visuals:
The RSI is plotted as a blue line.
The RSI-based EMA is plotted as an orange line.
Buy and sell signals are indicated by green "BUY" and red "SELL" labels.
Alerts:
Alerts can be set for both buy and sell conditions to notify you when either condition is met.
How to Use:
Use this script to identify potential buy and sell opportunities based on the behavior of the RSI relative to its EMA.
The buy condition indicates when the RSI is strengthening above its EMA, and the sell condition signals when the RSI is weakening below its EMA.
Strategy Use:
Ideal for traders looking to leverage RSI momentum for entering and exiting positions.
The RSI-based EMA filter helps smooth out price fluctuations, focusing on stronger signals.
This script is designed for both discretionary and algorithmic traders, offering a simple yet effective method for spotting trend reversals and continuation opportunities using RSI.
High/Low LabelsThis simple Version 6 script labels each bar on the chart with Green labels noting HH for higher highs and HL for higher lows. And Red labels noting LH for lower highs and LL for lower lows. Works on any Trading View chart and any time frame. Any comments or suggestions, please do!
Trend & ADX by Gideon for Indian MarketsThis indicator is designed to help traders **identify strong trends** using the **Kalman Filter** and **ADX** (Average Directional Index). It provides **Buy/Sell signals** based on trend direction and ADX strength. I wanted to create something for Indian markets since there are not much available.
In a nut-shell:
✅ **Buy when the Kalman Filter turns green, and ADX is strong.
❌ **Sell when the Kalman Filter turns red, and ADX is strong.
📌 **Ignore signals if ADX is weak (below threshold).
📊 Use on 5-minute timeframes for intraday trading.
------------------------------------------------------------------------
1. Understanding the Indicator Components**
- **Green Line:** Indicates an **uptrend**.
- **Red Line:** Indicates a **downtrend**.
- The **line color change** signals a potential **trend reversal**.
**ADX Strength Filter**
- The **ADX (orange line)** measures trend strength.
- The **blue horizontal line** marks the **ADX threshold** (default: 20).
- A **Buy/Sell signal is only valid if ADX is above the threshold**, ensuring a strong trend.
**Buy & Sell Signals**
- **Buy Signal (Green Up Arrow)**
- Appears **one candle before** the Kalman line turns green.
- ADX must be **above the threshold** (default: 20).
- Suggests entering a **long position**.
- **Sell Signal (Red Down Arrow)**
- Appears **one candle before** the Kalman line turns red.
- ADX must be **above the threshold** (default: 20).
- Suggests entering a **short position**.
2. Best Settings for 5-Minute Timeframe**
For day trading on the **5-minute chart**, the following settings work best:
- **Kalman Filter Length:** `50`
- **Process Noise (Q):** `0.1`
- **Measurement Noise (R):** `0.01`
- **ADX Length:** `14`
- **ADX Threshold:** `20`
- **(Increase to 25-30 for more reliable signals in volatile markets)**
3. How to Trade with This Indicator**
**Entry Rules**
✅ **Buy Entry**
- Wait for a **green arrow (Buy Signal).
- Kalman Line must **turn green**.
- ADX must be **above the threshold** (strong trend confirmed).
- Enter a **long position** on the next candle.
❌ **Sell Entry**
- Wait for a **red arrow (Sell Signal).
- Kalman Line must **turn red**.
- ADX must be **above the threshold** (strong trend confirmed).
- Enter a **short position** on the next candle.
**Exit & Risk Management**
📌 **Stop Loss**:
- Place stop-loss **below the previous swing low** (for buys) or **above the previous swing high** (for sells).
📌 **Take Profit:
- Use a **Risk:Reward Ratio of 1:2 or 1:3.
- Exit when the **Kalman Filter color changes** (opposite trend signal).
📌 **Avoid Weak Trends**:
- **No trades when ADX is below the threshold** (low trend strength).
4. Additional Tips
- Works best on **liquid assets** like **Bank Nifty, Nifty 50, and large-cap stocks**.
- **Avoid ranging markets** with low ADX values (<20).
- Use alongside **volume analysis and support/resistance levels** for confirmation.
- Experiment with **ADX Threshold (increase for stronger signals, decrease for more trades).**
Best of Luck traders ! 🚀
Gap Symbolized on ChartIndicator Description: Gap Analysis with Text Symbols
This indicator analyzes the relationship between the current candle's open price, the previous candle's close price, and the current candle's close price to provide visual insights into price gaps and momentum. It displays text symbols (▼, ▲, ━) above each candle, color-coded to reflect the strength and direction of the gap.
Key Features:
Gap Analysis:
Compares the current candle's open price with the previous candle's close price.
Evaluates the current candle's close price relative to its open price.
Text Symbols:
▼ (Down Arrow): Indicates a bearish movement.
▲ (Up Arrow): Indicates a bullish movement.
━ (Dash): Indicates a neutral or sideways movement.
Color Coding:
Red: Bearish conditions (e.g., price opening lower than the previous close and closing lower than the open).
Orange: Mild bearish or bullish conditions.
Blue: Bullish conditions (e.g., price opening higher than the previous close and closing higher than the open).
Navy: Strong bullish conditions.
Transparent Background:
The text symbols are displayed without any background shape, ensuring they do not obstruct the chart.
Use Cases:
Identify Gaps: Quickly spot gaps between the previous close and the current open.
Momentum Analysis: Assess the strength and direction of price movements.
Visual Clarity: The minimalist design (text symbols only) keeps the chart clean and easy to interpret.
How to Use:
Add the indicator to your chart.
Observe the text symbols above each candle:
Red ▼: Strong bearish momentum.
Blue ▲: Strong bullish momentum.
━: Neutral or consolidation phase.
Use the insights to confirm trends, spot reversals, or identify potential entry/exit points.
Donchian Reversal Scanner by Hitesh2603How It Works:
Bearish Side Logic:
If the price is falling with bearish candles and touching the lower Donchian Channel, the bearishCondition flag is set to true.
When a bullish candle appears afterward, the flag is reset, and the bullishReversalSquare condition becomes true.
Bullish Side Logic:
If the price is rising with bullish candles and touching the upper Donchian Channel, the bullishCondition flag is set to true.
When a bearish candle appears afterward, the flag is reset, and the bearishReversalSquare condition becomes true.
Plotting Squares:
A green square is plotted below the candle when bullishReversalSquare is true.
A red square is plotted above the candle when bearishReversalSquare is true.
Scanner Output:
The scanCondition variable is true when either bullishReversalSquare or bearishReversalSquare is true.
How to Use the Script:
On the Chart:
Add the script to your chart.
You will see squares plotted on the chart when the conditions are met:
Green squares below the candle for bullish reversals.
Red squares above the candle for bearish reversals.
In the Scanner:
Open the Scanner tab in TradingView.
Click on "Create New Scanner".
In the "Condition" field, select the script you just created.
Choose the market or watchlist you want to scan (e.g., "NYSE", "NASDAQ", or a custom watchlist).
Run the scan. The Scanner will return a list of instruments where the scanCondition is true.
Why This Works:
The scanCondition variable is now properly declared and used.
The plotchar function explicitly outputs the scanCondition variable as a plot, which the Scanner can recognize.
Failed 2D & Failed 2U BarsI created this indicator to plot a triangle when a candle is either 1) a failed 2 down--the candle breaks the low of the prior candle but closes green (or higher than its opening price) and doesn't break the high of the previous candle; and 2) a failed 2 up--high of the prior candle is broken but the bar is red and does not break the low of the prior candle.
It has alerts which you can set up in the alert system.
I think that this candle is one of the most telling and powerful when it comes to candle analysis.
R.I.P. Rob Smith, Creator of The Strat.
Chart scaleThe point of this indicator is to gauge chart sale, to make sure you are NOT too overly focused on tiny chart movement while too zoomed in and loses focus. It lock in y-axis and x-axis base on a fixed defined number so no matter how much you zoom in or not, it will changes and keep the same scale.
There are 2 lines, x-axis line = time and you can set how many bars to look back. And y-axis which is the price, in the setting you can select how many bar to look back which is x-axis and time
as for y axis, intead of using 2 fixed time, it put it in a precentage of the overall price, for example if you put 1%, then top of the line from price will be 1% of overall price top and below the current price. in the setting you can also select where does x-axis line appear, top bottom or middle, so it does not clutter the chart.
what i like to do is to find my perfect spot where average move over time and make both x and y axis to be close to as a square as possible, and when price slows down or speed up, if i zoom in or out, and see the x and y lines are no longer forming a square, shape then i would know the price is either moving too fast or too slow and i would trade accordingly
you can also custozmie the line type, width and transprancy.
Multi-Timeframe Stoch RSIThe Multi-Timeframe Stoch RSI Indicator analyzes Stochastic RSI values across multiple timeframes (5m, 15m, 30m, 1h, 3h, and 1D) to help identify overbought and oversold conditions. It displays a visual table where each timeframe is color-coded—red for overbought (🐻) and green for oversold (✅)—allowing traders to quickly assess market momentum at different intervals. This helps in making informed trading decisions based on multi-timeframe confluence.
Real-Time Data Error Check _byMDKTests back if there was missing data/bar with respect to selected timeframe and source.
Experienced red data (no-real time data is available) so i come up with the idea.
Regards.
i.redd.it
Candle Close NotificationCandle Close Notification Indicator - Specification
1. 概要 (Overview)
本インジケーターは、TradingView 上でローソク足が確定した際に、そのローソク足が陰線（Bearish）または陽線（Bullish）であった場合に通知を送信するものです。
また、該当するローソク足の上または下にマークを表示し、視覚的にも識別しやすくなっています。
This indicator for TradingView sends notifications when a candlestick closes as either a bearish (red) or bullish (green) candle. It also marks the corresponding candles on the chart for visual reference.
2. 機能 (Features)
2.1 通知機能 (Notification Function)
ローソク足の確定時に、以下の条件に基づき アラート（通知） を送信します。
「Both」（両方）: 陰線・陽線のどちらでも通知
「Bearish」（陰線のみ）: 陰線の時のみ通知
「Bullish」（陽線のみ）: 陽線の時のみ通知
When a candlestick closes, an alert notification is sent based on the selected option:
"Both" (Default): Notifies for both bearish and bullish candles.
"Bearish": Notifies only bearish candles.
"Bullish": Notifies only bullish candles.
2.2 チャートマーク表示機能 (Chart Marking Function)
ローソク足が確定した際、以下のルールでマークを表示します。
陰線（Bearish） の場合、赤色の「下向きマーク」を表示（ローソク足の上）
陽線（Bullish） の場合、緑色の「上向きマーク」を表示（ローソク足の下）
When a candlestick closes, a marker appears according to the following rules:
Bearish candle → A red downward marker appears above the candle.
Bullish candle → A green upward marker appears below the candle.
3. 通知オプションの設定 (Setting Notification Options)
スクリプト内の notify_option の値を変更することで、通知の種類を設定できます。
Both（デフォルト） → 陰線・陽線両方通知
Bearish → 陰線のみ通知
Bullish → 陽線のみ通知
Modify the notify_option value in the script to customize notifications:
Both (Default) → Notifies for both bearish and bullish candles.
Bearish → Notifies only bearish candles.
Bullish → Notifies only bullish candles.
TradingView の アラート機能 を有効にすることで、通知を受け取ることができます。
Enable TradingView’s Alert function to receive notifications.
Advanced Order Blocks with VolumeAdvanced Order Blocks with Volume Indicator
This professional-grade indicator combines order block detection with sophisticated volume analysis to identify high-probability trading opportunities. It automatically detects and displays bullish and bearish order blocks formed during consolidation periods, enhanced by three distinct volume calculation methods (Simple, Relative, and Weighted).
Key Features:
- Smart consolidation detection with customizable thresholds
- Volume-filtered order blocks to avoid false signals
- Automatic order block mitigation tracking
- Clear visual presentation with volume metrics
- Flexible customization options for colors and parameters
Settings:
Core Parameters:
- Consolidation Threshold %: Sets the maximum price range (0.1-1.0%) for detecting consolidation zones
- Lookback Period: Number of bars (2-10) to analyze for consolidation patterns
Volume Analysis:
- Volume Calculation Method: Choose between Simple (basic average), Relative (compared to average), or Weighted (prioritized recent volume)
- Volume Lookback Period: Historical bars (5-100) used for volume analysis
- Volume Threshold Multiplier: Minimum volume requirement (1.0-5.0x) for valid order blocks
Visual Settings:
- Bullish/Bearish OB Color: Background colors for order blocks
- Bullish/Bearish OB Text Color: Colors for volume information display
Perfect for traders focusing on institutional price levels and volume-based trading strategies. The indicator helps identify potential reversal zones with strong institutional interest, validated by significant volume conditions.
SMA + RSI + Volume + ATR StrategySMA + RSI + Volume + ATR Strategy
1. Indicators Used:
SMA (Simple Moving Average): This is a trend-following indicator that calculates the average price of a security over a specified period (50 periods in this case). It's used to identify the overall trend of the market.
RSI (Relative Strength Index): This measures the speed and change of price movements. It tells us if the market is overbought (too high) or oversold (too low). Overbought is above 70 and oversold is below 30.
Volume: This is the amount of trading activity. A higher volume often indicates strong interest in a particular price move.
ATR (Average True Range): This measures volatility, or how much the price is moving in a given period. It helps us adjust stop losses and take profits based on market volatility.
2. Conditions for Entering Trades:
Buy Signal (Green Up Arrow):
Price is above the 50-period SMA (indicating an uptrend).
RSI is below 30 (indicating the market might be oversold or undervalued, signaling a potential reversal).
Current volume is higher than average volume (indicating strong interest in the move).
ATR is increasing (indicating higher volatility, suggesting that the market might be ready for a move).
Sell Signal (Red Down Arrow):
Price is below the 50-period SMA (indicating a downtrend).
RSI is above 70 (indicating the market might be overbought or overvalued, signaling a potential reversal).
Current volume is higher than average volume (indicating strong interest in the move).
ATR is increasing (indicating higher volatility, suggesting that the market might be ready for a move).
3. Take Profit & Stop Loss:
Take Profit: When a trade is made, the strategy will set a target price at a certain percentage above or below the entry price (1.5% in this case) to automatically exit the trade once that target is hit.
Stop Loss: If the price goes against the position, a stop loss is set at a percentage below or above the entry price (0.5% in this case) to limit losses.
4. Execution of Trades:
When the buy condition is met, the strategy will enter a long position (buying).
When the sell condition is met, the strategy will enter a short position (selling).
5. Visual Representation:
Green Up Arrow: Appears on the chart when the buy condition is met.
Red Down Arrow: Appears on the chart when the sell condition is met.
These arrows help you see at a glance when the strategy suggests you should buy or sell.
In Summary:
This strategy uses a combination of trend-following (SMA), momentum (RSI), volume, and volatility (ATR) to decide when to buy or sell a stock. It looks for opportunities when the market is either oversold (buy signal) or overbought (sell signal) and makes sure there’s enough volume and volatility to back up the move. It also includes take-profit and stop-loss levels to manage risk.
