Breakout Detection using EMAs and Mansfield Relative StrengthThis script identifies breakout opportunities based on a combination of price action, volume, and relative strength. It is designed for daily timeframe charts and helps traders pinpoint strong bullish setups with the following criteria:
Price Action: Stock price is above both the 10-day EMA and 5-week EMA.
EMA Trends: The 10-day EMA is above the 20-day EMA, and the 5-week EMA is above the 10-week EMA, confirming bullish momentum.
Customizable Parameters: Customize the index for the Mansfield Relative Strength, the volume multiplier, and the price breakout look-back period.
Price Breakout: The price is at a 3-month high, indicating strength.
Volume Breakout: A volume spike occurs, surpassing the 20-day average volume by a user-defined multiplier.
Features:
Generates clear breakout signals with a green triangle below the bar.
Integrated Mansfield Relative Strength for relative performance analysis.
Alerts for when all conditions are met, ensuring you never miss an opportunity.
How to Use:
Add this script to a daily chart of your chosen stock.
Look for green triangle signals indicating a potential breakout.
Adjust the parameters to suit your trading strategy and preferred index for the Mansfield Relative Strength.
This tool is ideal for swing traders looking to combine technical analysis with relative strength metrics for high-conviction bullish setups.
Formacje wykresów
intra_DownwardHere we calculate Support levels for intraday. it calculates level on the basis of base price instead of previous range.
NY Liquidity sweep - MuralidharNew York Session Liquidity Sweep in the Asian Session
This term refers to a price action phenomenon where liquidity created during the New York trading session is targeted and swept (or cleared) during the subsequent Asian trading session. Let’s break this down:
Key Components:
Liquidity:
In financial markets, liquidity often refers to the areas where stop-loss orders, pending orders, or clusters of trades accumulate. These areas typically form around key levels like highs, lows, or consolidation zones.
Traders often place stop-losses above recent highs or below recent lows, creating "pools of liquidity."
New York Session:
The New York session is one of the most volatile trading sessions due to the overlap with the London session and the significant participation of institutional players.
It often leaves behind key levels, such as session highs, lows, or consolidation zones, where liquidity builds up.
Asian Session:
The Asian session is typically less volatile compared to the New York session. However, it can still be used by market makers or large players to manipulate price action.
Due to the reduced trading volume, it is easier for large players to sweep liquidity during this session.
What Happens During a Liquidity Sweep?
Formation of Liquidity Zones in the New York Session:
As the New York session progresses, traders establish positions, leaving behind liquidity pockets such as stop-loss orders around session highs and lows.
Asian Session Sweep:
In the quieter Asian session, price often moves to these liquidity zones created during the New York session.
This "sweep" is often a sharp move in price designed to trigger stop-loss orders or entice breakout traders into the market.
Once the liquidity is taken, price often reverses sharply, leaving behind a false breakout or a wick in the price chart.
Why Does This Happen?
Market Maker Behavior:
Market makers or large institutional players may manipulate prices to access liquidity.
By sweeping these zones, they can fill their larger orders at better prices.
Inducing Traders:
A sweep may be used to lure retail traders into positions before reversing the market direction, trapping them.
Practical Implications for Traders:
Identifying Liquidity Zones:
Mark key highs, lows, and consolidation areas from the New York session on your charts.
Watch for price action around these zones during the Asian session.
Avoiding Traps:
Be cautious of trading breakouts during the Asian session, as they might be liquidity grabs.
Look for confirmation before entering trades.
Using the Sweep to Your Advantage:
After the sweep, wait for signs of reversal, such as candlestick patterns or rejection wicks, to enter trades in the opposite direction.
Example:
During the New York session, a high is formed at 1.2000 on EUR/USD.
In the Asian session, price moves up to 1.2005, triggering stop-loss orders placed above 1.2000.
After the sweep, price sharply reverses, leaving a wick at 1.2005 and continuing downward.
By understanding this phenomenon, traders can better anticipate market behavior and refine their strategies to avoid being caught in liquidity traps.
Breaker & Double Top/Low Detector (Last 100 Candles)//@version=5
indicator("Breaker & Double Top/Low Detector (Last 100 Candles)", overlay=true)
// Input parameters
length = 100 // Fixed lookback length of 100 candles
threshold = input.float(0.5, title="Threshold (%)", minval=0.1, step=0.1)
// Helper functions
isBreaker(highs, lows) =>
// Identify a Breaker pattern when a resistance/support level is broken in the last 100 candles
prevHigh = ta.highest(highs, length)
prevLow = ta.lowest(lows, length)
close > prevHigh or close < prevLow
isDoubleTop(highs) =>
// Identify Double Top when two recent peaks are nearly equal within threshold in the last 100 candles
topPivot = ta.pivothigh(highs, length, length) // Find local peak
nextTopPivot = ta.pivothigh(highs , length, length) // Second local peak
isDoubleTop = not na(topPivot) and not na(nextTopPivot) and
math.abs(high - high ) / high <= threshold / 100 and
ta.barssince(topPivot) <= length // Ensure the pivot is within the last 100 candles
isDoubleTop
isDoubleLow(lows) =>
// Identify Double Low when two recent valleys are nearly equal within threshold in the last 100 candles
lowPivot = ta.pivotlow(lows, length, length) // Find local valley
nextLowPivot = ta.pivotlow(lows , length, length) // Second local valley
isDoubleLow = not na(lowPivot) and not na(nextLowPivot) and
math.abs(low - low ) / low <= threshold / 100 and
ta.barssince(lowPivot) <= length // Ensure the pivot is within the last 100 candles
isDoubleLow
// Pattern identification
breakerSignal = isBreaker(high, low) // Breaker pattern
doubleTopSignal = isDoubleTop(high) // Double Top
doubleLowSignal = isDoubleLow(low) // Double Low
// Plot signals
plotshape(breakerSignal, title="Breaker", location=location.abovebar, color=color.red, style=shape.labelup, text="Breaker")
plotshape(doubleTopSignal, title="Double Top", location=location.abovebar, color=color.orange, style=shape.labelup, text="DTop")
plotshape(doubleLowSignal, title="Double Low", location=location.belowbar, color=color.green, style=shape.labeldown, text="DLow")
// Background coloring
bgcolor(breakerSignal ? color.new(color.red, 90) : na, title="Breaker Background")
bgcolor(doubleTopSignal ? color.new(color.orange, 90) : na, title="Double Top Background")
bgcolor(doubleLowSignal ? color.new(color.green, 90) : na, title="Double Low Background")
// Debugging for values
if (breakerSignal)
label.new(bar_index, high, "Breaker")
if (doubleTopSignal)
label.new(bar_index, high, "Double Top")
if (doubleLowSignal)
label.new(bar_index, low, "Double Low")
6 EMA's with BUY/SELL by Lincoln Khan -V2This Pine Script, titled "6 EMA's with BUY/SELL by Lincoln Khan," is designed to assist traders in identifying trends and potential trading opportunities based on exponential moving averages (EMAs). It visualizes six EMAs with user-defined colors and periods, allowing traders to observe market momentum and potential reversal points. The script provides clear Buy and Sell signals based on the crossover of specific EMAs, helping traders make informed decisions.
FU Candle Indicatorfu candle indicator for trading, it shows the direction in which the banks are trading
Nadaraya-Watson Envelope [LuxAlgo]Chỉ báo kỹ thuật (Technical Indicator) là một công cụ quan trọng được sử dụng trong phân tích kỹ thuật để dự báo xu hướng giá cả trong tương lai của các tài sản tài chính như cổ phiếu, tiền tệ, hàng hóa, hay chỉ số. Chỉ báo này được tính toán từ các dữ liệu lịch sử về giá và khối lượng giao dịch, giúp các nhà giao dịch đưa ra các quyết định mua hoặc bán dựa trên các tín hiệu mà chỉ báo cung cấp.
ATH ve Trend Dip İndikatörüATH en yüksel tepe(kırmızı) düşen tepe (mavi) ve dip bölge Trend İndikatörü
all‐in‐one RSI Divergence - Mutasem13All‐in‐one RSI Divergence script that detects the four divergence strengths (Strong, Medium, Weak, Hidden) for both Bullish and Bearish, matching your cheat sheet. We use pivot detection (ta.pivotlow, ta.pivothigh) on RSI, comparing price vs. RSI swings:
Strong: Price forms Lower Low (Bullish) or Higher High (Bearish), while RSI forms Higher Low (Bullish) or Lower High (Bearish).
Medium: Price forms Equal Low/High, RSI forms Higher/Lower Low/High.
Weak: Price forms Lower/ Higher Low/High, RSI forms Equal Low/High.
Hidden: Price forms Higher/Lower Low/High, RSI forms Lower/Higher Low/High.
Each type has a toggle in the settings. We allow equality checks (<=/>=) so you can capture “equal” swing points too. All calls are single‐line to avoid line‐continuation errors. Copy/paste into TradingView’s Pine Editor, click “Add to Chart,” and it will compile in PineScript v6 with no errors.
My strategy I made this pine script using tradesage it works well free to use and optimize if you like made from kittickds thank you
Candlestick Pattern Volume AnalysisBearish Engulfing Pattern - This script now fully handles Bullish Engulfing, Bearish Engulfing, Bullish Hammer, and Bearish Hammer patterns with volume-based breakout signals. Let me know if you need further modifications
xrp 1. Technical Indicators
XRP’s price action can be analyzed using standard technical analysis tools, which help traders identify trends, momentum, and potential reversal points. Key technical indicators include:
• Moving Averages (MA):
• Simple Moving Average (SMA) or Exponential Moving Average (EMA) to track trends over time.
• Look for crossovers (e.g., 50-day EMA crossing above 200-day EMA is bullish).
• Relative Strength Index (RSI):
• Measures overbought or oversold conditions.
• RSI above 70 indicates overbought (potential reversal down); below 30 indicates oversold (potential reversal up).
• MACD (Moving Average Convergence Divergence):
• Identifies trend strength and momentum.
• A bullish crossover (MACD line crossing above the signal line) may indicate upward momentum.
• Support and Resistance Levels:
• Historical price levels where XRP often reverses or consolidates.
• These levels are crucial for identifying potential entry and exit points.
• Volume:
• Look for increases in volume to confirm the strength of price movements.
• High volume during a breakout can signal a strong continuation of the trend.
• Bollinger Bands:
• Useful for gauging volatility.
• When the bands widen, volatility is high; when they narrow, the price may consolidate or prepare for a breakout.
Crypto strategy 3min with take profit and stop lossCrypto strategy 3min with take profit and stop loss
Sessions [MiAn]A session script is a set of commands or instructions that are executed in a specific order to automate tasks, interact with systems, or perform other actions.
Here's a general breakdown of what a session script typically includes:
1. *Initialization*: The script initializes the session, which may involve setting up environment variables, loading libraries or modules, or establishing connections to external systems.
2. *Commands or Instructions*: The script executes a series of commands or instructions, which can include tasks such as:
- Data processing or manipulation
- File operations (e.g., copying, moving, deleting)
- System interactions (e.g., launching applications, sending notifications)
- Network interactions (e.g., sending requests, receiving data)
3. *Logic and Control Flow*: The script may include conditional statements, loops, and other control structures to manage the flow of execution based on various conditions or inputs.
4. *Error Handling*: The script may include error handling mechanisms to catch and manage errors or exceptions that occur during execution.
5. *Cleanup*: The script may perform cleanup tasks, such as closing connections, releasing resources, or deleting temporary files.
Session scripts can be written in various programming languages, such as shell scripts (e.g., Bash, PowerShell), Python, or other scripting languages.
What specific type of session script are you interested in learning more about?
Export Datathis script widmsfsnklfdsmsfklmdklmskldskl;mgfksldmgklsdmglksdfnmgkldsmngvlksdmnvlkdmsnklvndsklvnsdklv ndvdsklvdsklvlksdvmsdklmvsldkkvd
Last Week Close and Current Week Opentrade buy upside breakout of green line and viceversa for sell on opposite side
Yesterday's Close and Today's OpenAn Intraday trading strategy when candle 5 or 15 min complete closed then take a trade
