Auto Fib Retracement [Syafiq.Jr]This TradingView script is an advanced indicator titled "Auto Fib Retracement Neo ." It's designed to automatically plot Fibonacci retracement levels on a price chart, aiding in technical analysis for traders. Here's a breakdown of its functionality:
Core Functionality :
The script identifies pivot points (highs and lows) on a chart and draws Fibonacci retracement lines based on these points. The lines are dynamic, updating in real-time as the market progresses.
Customizable Inputs :
Depth: Determines the minimum number of bars considered in the pivot point calculation.
Deviation: Adjusts the sensitivity of the script in identifying new pivots.
Fibonacci Levels: Allows users to select which retracement levels (236, 382, 500, 618, 786, 886) are displayed on the chart.
Visual Settings: Customization options include the colors and styles of pivot points, trend lines, and the retracement meter.
Pivot and Line Calculation:
The script calculates the deviation between the current price and the last pivot point. If the deviation exceeds a certain threshold, it identifies a new pivot and draws a trend line between the previous pivot and the current one.
Visual Aids :
The indicator provides extensive visual aids, including pivot points marked with circles, dashed trend lines connecting pivots, and labels displaying additional information like price and delta rate.
Performance :
Optimized to handle large datasets, the script is configured to process up to 4000 bars and can manage numerous lines and labels efficiently.
Background and Appearance :
The script allows for customization of the chart background color, enhancing visibility based on user preferences.
In essence, this script is a powerful tool for traders who rely on Fibonacci retracement levels to identify potential support and resistance areas, allowing for a more automated and visually guided approach to market analysis.
Formacje wykresów
Duo Multi-Time Period Charts# Duo Multi-Time Period Charts
## Description
The Duo Multi-Time Period Charts indicator is a versatile tool designed to visualize price action across two different timeframes simultaneously. It overlays color-coded boxes on your chart, representing the price range for each period in both timeframes. This allows traders to easily identify trends, support, and resistance levels across multiple time horizons.
## Key Features
- Displays two user-defined timeframes (default: Daily and Weekly)
- Customizable calculation methods: High/Low Range, True Range, or Heikin Ashi Range
- Color-coded boxes for easy trend identification (bullish/bearish)
- Optional labels showing open and/or close prices
- Fully customizable colors for boxes and labels
## How It Works
1. The indicator creates boxes for each period in both selected timeframes.
2. Box colors change based on whether the close is higher (bullish) or lower (bearish) than the open.
3. Box heights are determined by the selected calculation method:
- High/Low Range: Uses the period's high and low
- True Range: Incorporates the previous close for more volatility representation
- Heikin Ashi Range: Uses a modified candlestick calculation for smoother trends
4. Optional labels display open and/or close prices for each period.
## Use Cases
- Multi-timeframe analysis: Compare short-term and long-term trends at a glance
- Support and resistance identification: Easily spot key levels across different timeframes
- Trend confirmation: Use the color-coding to confirm trend direction and strength
- Volatility assessment: Compare box sizes to gauge relative volatility between timeframes
## Customization
Users can customize various aspects of the indicator, including:
- Timeframes for analysis
- Calculation method for price ranges
- Color schemes for bullish and bearish periods in both timeframes
- Label content and colors
- Visibility options for boxes and labels
## Recommendation
For optimal clarity, it is recommended to enable price labels for only one timeframe. Displaying labels for both timeframes simultaneously may lead to cluttered and difficult-to-read charts, especially on shorter timeframes or when the two selected periods are close in duration.
This indicator is perfect for traders who want to incorporate multi-timeframe analysis into their trading strategy without cluttering their charts with multiple indicators. By following the label recommendation, users can maintain a clean chart while still benefiting from the multi-timeframe insights provided by the indicator.
Tick Range Engulfing Candle Highlighter with Trend ChangeOverview
The "Tick Range Engulfing Candle Highlighter with Trend Change" indicator is designed to identify potential trend reversals by analyzing the size of each candle relative to a customizable tick size. This indicator highlights key moments when the market may shift direction based on an "engulfing" candle pattern, where the current candle's price range is larger than the previous one. By identifying these moments, traders can gain insight into possible trend changes, which could be useful for various trading strategies, including trend-following or reversal-based trading.
Key Concepts
Tick Size:
The indicator uses a user-defined tick size to calculate the price range of each candle. The tick size represents the minimum price movement that the market recognizes, allowing for more precise control over the range calculations.
Engulfing Candle Pattern:
The concept of an "engulfing candle" refers to a scenario where the current candle’s range (high minus low) is larger than the previous candle’s range. This pattern can signal a potential trend reversal, especially when combined with a change in the candle's direction (bullish to bearish or bearish to bullish).
Trend Change Detection:
The indicator specifically looks for situations where a bullish candle is followed by a larger bearish candle (indicating a potential downward trend reversal) or where a bearish candle is followed by a larger bullish candle (indicating a potential upward trend reversal).
The trend change is validated by comparing the tick range of the current and previous candles, ensuring that the current range is larger, which adds significance to the reversal signal.
How the Indicator Works
Input and Calculation:
Users start by setting the tick size through the indicator’s input. The script then calculates the tick range for the current and previous candles by dividing the difference between the high and low prices by the specified tick size.
Candle Direction Analysis:
The indicator assesses whether each candle is bullish (closing price higher than the opening price) or bearish (closing price lower than the opening price).
Engulfing and Trend Reversal Detection:
The script checks for an engulfing pattern combined with a change in the candle's direction:
Bullish to Bearish Change: Detected when a bullish candle is followed by a larger bearish candle.
Bearish to Bullish Change: Detected when a bearish candle is followed by a larger bullish candle.
Visual Cues:
When the conditions for a trend change are met, the indicator plots visual signals on the chart:
A red downward arrow below the candle indicates a potential bearish reversal.
A green upward arrow above the candle indicates a potential bullish reversal.
How to Use This Indicator
Customization:
Adjust the tick size to match the asset’s characteristics or your trading preferences. A smaller tick size will result in more sensitive detection, while a larger tick size will smooth out minor fluctuations.
Trade Confirmation:
This indicator can be used as a confirmation tool for other trend-following or reversal strategies. It’s particularly useful for traders looking to identify early signs of trend reversals.
Strategy Integration:
Consider integrating this indicator with other technical analysis tools such as moving averages, RSI, or support/resistance levels to build a more comprehensive trading strategy.
Underlying Concepts
The core idea behind this indicator is the principle of engulfing patterns combined with tick size analysis. By focusing on candles that not only change direction but also show a significant increase in range, the indicator highlights moments when the market may be experiencing a substantial shift in momentum. This method can help traders filter out noise and focus on more meaningful potential reversals.
In summary, the "Tick Range Engulfing Candle Highlighter with Trend Change" indicator provides traders with a tool to spot potential trend changes based on price action and candle analysis. It's flexible, allowing for customization, and can be a valuable addition to various trading strategies.
Harmonic Moving Average Confluence with Cross SignalsHarmonic Moving Average Confluence with Cross Signals
Overview:
The "Harmonic Moving Average Confluence with Cross Signals" is a custom indicator designed to analyze harmonic moving averages and identify confluence zones on a chart. It provides insights into potential trading opportunities through cross signals and confluence detection.
Features:
Harmonic Moving Averages (HMAs):
38.2% HMA
50% HMA
61.8% HMA
These HMAs are calculated based on a base period and plotted on the chart to identify key support and resistance levels.
Cross Detection:
Buy Signal: Triggered when the 38.2% HMA crosses above the 50% HMA.
Sell Signal: Triggered when the 38.2% HMA crosses below the 50% HMA.
Buy signals are marked with green triangles below the candles.
Sell signals are marked with red triangles above the candles.
Confluence Detection:
Confluence zones are identified where two or more HMAs are within a specified percentage difference from each other.
Confluence Strength: Default minimum strength is set to 3.
Threshold Percentage: Default is set to 0.0002%.
Confluence zones are marked with blue circles on the chart, with 80% opacity.
Default Settings:
Base Period: 50
Minimum Confluence Strength: 3
Confluence Threshold: 0.0002%
Confluence Circles Opacity: 80%
How to Use It:
Setup:
Add the indicator to your trading chart.
The indicator will automatically calculate and plot the harmonic moving averages and detect cross signals and confluence zones based on the default settings.
Interpreting Signals:
Buy Signal: Look for green triangles below the candles indicating a potential buying opportunity when the 38.2% HMA crosses above the 50% HMA.
Sell Signal: Look for red triangles above the candles indicating a potential selling opportunity when the 38.2% HMA crosses below the 50% HMA.
Confluence Zones: Blue circles represent areas where two or more HMAs are within the specified threshold percentage, indicating potential trading zones.
Adjusting Parameters:
Base Period: Adjust to change the period of the moving averages if needed.
Minimum Confluence Strength: Set to control how many confluence zones need to be present to display a circle.
Threshold Percentage: Set to adjust the sensitivity of confluence detection.
Usage Tips:
Use the signals in conjunction with other technical analysis tools to enhance your trading strategy.
Monitor confluence zones for possible high-interest trading opportunities.
I hope this version aligns better with your needs. If there's anything specific you'd like to adjust or add, just let me know!
Simple SessionsThis is a simple sessions indicator that allows you to highlight up to 3 different sessions on your chart. This is intended for charts in any timeframe lower than the Daily timeframe. Really simple, clean, and minimalistic on purpose, intended to help and not clutter the chart.
Options/parameters:
Sessions: Check and setup beginning and end of the sessions. Up to 3 sessions at the same time.
Enable specific timezone: You can specify your exact timezone so that the sessions stay consistent even when you’re viewing different assets from different brokers that might be providing the price data in different timezones.
Show next day: Check to allow for your sessions to be viewed in advance for the following day so that you can expect your trading session in the chart (something simple, but quite useful).
Show next day input also accepts an integer value (default at 0). This numeric value is useful only for a few different assets that don’t have price data (aren’t tradable) 24 hours of each week-day. When that’s the case the calculation to show the session in the future day is not precise so with this number you can adjust it. For example, on OANDA:SPX500USD in the 30m time-frame, between 5pm and 6pm NY time there’s no price data. If you check that chart on any day at 4:30pm NY time, the next bar should be at 5pm, however since there’s no data it jumps to 6pm NY time. For that example you can set the input number to -2 and it will move the sessions to the correct time window you specified in the Sessions input.
Optional comment: This is a comment that will be shown in the status line. There’s no other use for this. It’s only helpful when you have multiple instances of the indicator for different assets for example. In that case with this comment you would be able to instantly detect which indicator is for which chart.
Prometheus Volatility StopThe Prometheus Volatility Stop is an indicator designed to give you a moving risk metric along with a custom Moving Average cross. After a calculation of the annualized volatility for the specified lookback period we determine bullish or bearish from the moving averages and plot the Volatility Stop accordingly.
User Input:
A user can select from Hull Moving Average, Exponential Moving average, Simple Moving Average, the Moving Average used in RSI, and Weighted Moving Average. The default is Hull Moving Average and Exponential Moving average.
A user can also specify the lookback period. The default is 30.
A user may also turn off the plots for the Moving Averages.
The reason for this approach is to be more original from the traditional Volatility Stop.
Calculation:
The Historical Volatility is calculated by taking the standard deviation of the log returns for the specified period and then annualizing it.
hv = ta.stdev(math.log(close / close ), lkb) * math.sqrt(252/5)
Then the Volatility Stop is calculated as follows:
recent_max = ta.highest(close, lkb)
recent_min = ta.lowest(close, lkb)
hv_stop = ma_2 > ma_1 ? recent_max + hv : recent_min - hv
When the second selected moving average is greater than the first, which signals bearishness, the historical volatility gets added to the high of that period. When the moving averages signal bullish the historical volatility gets subtracted from the low of that period.
Here is an example on NASDAQ:ARM :
After the first crossover, bullish signal, price runs for some time. As we get higher and higher so does the Volatility Stop. At the highs before a bearish crossover the price hits and closes at the Volatility Stop. Providing what could be an exit from a strong run up.
Intra-day example on NASDAQ:QQQ :
We see that in the early bearish move price goes on to hit the Volatility Stop before the trend switches.
We also see that in the failed long. The price action throughout the rest of the day, while not providing in profit stop outs, do provide fine directional alerts.
All those examples have been done with the default settings. Upon changing Moving Average One to a WMA and Moving Average Two to an SMA, as well as the lookback to 75. We see this quickly can become a simple trend follower.
This is the perspective we aim to provide. We encourage traders to not follow indicators blindly. No indicator is 100% accurate. This one can give you a different perspective of price strength with volatility. We encourage any comments about desired updates or criticism!
Helacator Ai ThetaHelacator Ai Theta is a state-of-the-art advanced script. It helps the trader find the possibility of a trend reversal in the market. By finding that point at which the three black crows pattern combines with the three white soldiers pattern, it is the most cherished pattern in technical analysis for its signal of strong bullish or bearish momentum. Therefore, it is a very strong predictive tool in the ability of shifting markets.
Key Highlights: Three White Soldiers and Three Black Crows Patterns
The script identifies these candlestick formations that consist of three consecutive candles, either bullish (Three White Soldiers) or bearish (Three Black Crows). These patterns help the trader identify possible trend reversal points as they provide an early signal of a change in the market direction. It is with great care that the script is written to evaluate the position and relationship between the candlesticks for maintaining the accuracy of pattern recognition. Moving Averages for Trend Filtering:
Two important ones used are moving averages for filtering any signals not in accordance with the general trend. The length of these MAs is variable, allowing the traders to be in a position to adapt the script for use under different market conditions. The moving averages ensure that signals are only taken in the direction that supports the general market flow, so it leads to more reliability within the signals. The MAs are not plotted on the chart for the sake of clarity, but they still perform a crucial function in signal filtering and can be displayed optionally for a more detailed investigation. Cooldown filter to reduce over-trading
This is part of what is implemented in the script to prevent generation of consecutive signals too quickly. All this helps to reduce market noise and not overtrade—only when market conditions are at their best. The cooldown period can be set to be adjusted according to the trader's preference, making the script more versatile in its use. Practical Considerations: Educational Purpose: This script is for educational purposes only and should be part of a comprehensive trading approach. Proper risk management techniques should be observed while at the same time taking into consideration prevailing market conditions before making any trading decision.
No Guaranteed Results: The script is aimed at bringing signal accuracy into improvement to align with the broader market trend and reducing noise, but past performance cannot guarantee future success. Traders should use this script within their broad trading approach. Clean and Simple Chart Display: The primary goal of this script is to have a clear and simple display on the chart. The signals are prominently marked with "BUY" and "SELL," and the color of the bars has changed according to the last signal, thus traders can easily read the output. Community and Open Source Open Source Contribution: This script is open for contribution by the TradingView community. Any suggestions regarding improvements are highly welcomed. Candlestick patterns, moving averages, and the combination of the cooldown filter are presented in such a way as to give traders something special, and any modifications or extra touch by the community is appreciated. Attribution and Transparency: The script is based on standard technical analysis principles and for all parts inspired by or derivated from other available open-source scripts, credit is given where it is due. In this way, transparency ensures that the script adheres to TradingView's standards and promotes a collaborative community environment.
D-Shape Breakout Signals [LuxAlgo]The D-Shape Breakout Signals indicator uses a unique and novel technique to provide support/resistance curves, a trailing stop loss line, and visual breakout signals from semi-circular shapes.
🔶 USAGE
D-shape is a new concept where the distance between two Swing points is used to create a semi-circle/arc, where the width is expressed as a user-defined percentage of the radius. The resulting arc can be used as a potential support/resistance as well as a source of breakouts.
Users can adjust this percentage (width of the D-shape) in the settings ( "D-Width" ), which will influence breakouts and the Stop-Loss line.
🔹 Breakouts of D-Shape
The arc of this D-shape is used for detecting breakout signals between the price and the curve. Only one breakout per D-shape can occur.
A breakout is highlighted with a colored dot, signifying its location, with a green dot being used when the top part of the arc is exceeded, and red when the bottom part of the arc is surpassed.
When the price reaches the right side of the arc without breaking the arc top/bottom, a blue-colored dot is highlighted, signaling a "Neutral Breakout".
🔹 Trailing Stop-Loss Line
The script includes a Trailing Stop-Loss line (TSL), which is only updated when a breakout of the D-Shape occurs. The TSL will return the midline of the D-Shape subject to a breakout.
The TSL can be used as a stop-loss or entry-level but can also act as a potential support/resistance level or trend visualization.
🔶 DETAILS
A D-shape will initially be colored green when a Swing Low is followed by a Swing High, and red when a Swing Low is followed by a Swing High.
A breakout of the upper side of the D-shape will always update the color to green or to red when the breakout occurs in the lower part. A Neutral Breakout will result in a blue-colored D-shape. The transparency is lowered in the event of a breakout.
In the event of a D-shape breakout, the shape will be removed when the total number of visible D-Shapes exceeds the user set "Minimum Patterns" setting. Any D-shape whose boundaries have not been exceeded (and therefore still active) will remain visible.
🔹 Trailing Stop-Loss Line
Only when a breakout occurs will the midline of the D-shape closest to the closing price potentially become the new Trailing Stop value.
The script will only consider middle lines below the closing price on an upward breakout or middle lines above the closing price when it concerns a downward breakout.
In an uptrend, with an already available green TSL, the potential new Stop-Loss value must be higher than the previous TSL value; while in a downtrend, the new TSL value must be lower.
The Stop-Loss line won't be updated when a "Neutral Breakout" occurs.
🔶 SETTINGS
Swing Length: Period used for the swing detection, with higher values returning longer-term Swing Levels.
🔹 D-Patterns
Minimum Patterns: Minimum amount of visible D-Shape patterns.
D-Width: Width of the D-Shape as a percentage of the distance between both Swing Points.
Included Swings: Include "Swing High" (followed by a Swing Low), "Swing Low" (followed by a Swing High), or "Both"
Style Historical Patterns: Show the "Arc", "Midline" or "Both" of historical patterns.
🔹 Style
Label Size/Colors
Connecting Swing Level: Shows a line connecting the first Swing Point.
Color Fill: colorfill of Trailing Stop-Loss
Simple Xtrade Fibonacci RetracementSimple Xtrade Fibonacci Retracement
The Simple Xtrade Fibonacci Retracement tool is designed to enhance your trading strategy by identifying key levels where price corrections are likely to occur. Based on the Fibonacci sequence, this tool helps traders pinpoint potential support and resistance levels during price retracements within a trend.
Key Features:
Automatic Level Calculation: The tool automatically calculates and plots essential Fibonacci levels on your chart, including the 23.6%, 38.2%, 50%, 61.8%, and 76.4% retracement levels.
Intuitive Visualization: Clear, easy-to-read lines and labels make it simple to spot crucial price levels where market reversals or continuations are most likely to happen.
Customizable Settings: Adjust the Fibonacci levels according to your trading preferences and the specific asset you're analyzing, ensuring the tool fits seamlessly into your strategy.
Benefits:
Improved Accuracy: By identifying retracement levels where the price is likely to stall or reverse, the tool enhances your ability to make well-timed entries and exits.
Enhanced Strategy Development: Incorporate Fibonacci retracement levels into your existing strategy to identify high-probability trade setups and manage risk more effectively.
User-Friendly: Designed with simplicity in mind, the tool is accessible for traders of all experience levels, providing powerful insights without overwhelming complexity.
The Simple Xtrade Fibonacci Retracement tool is a valuable asset for any trader looking to refine their strategy and improve their market analysis.
VS (Vegas Fractal System)VS is a trading system based on the identification of fractal reaction zones within a larger, carefully identified movement. It is internally made up of 4 sub-systems.
The indicator is composed of the following parameters: Max and Min, are the largest area identified and will act as the STOPLOSS point. L1, is the price reaction level. Entry, is where to place a pending market entry order. TP, is the place to place a 100% sell order.
A valid area must be identified through the Fibonacci levels that join Highs and Lows or vice versa depending on the bullish or bearish movement. To be usable, this movement must not have a sub-movement that has already hit the 0.618 level.
Always manage Risk and Money Management in an adequate, technical and sustainable manner in relation to your capital. A fair exposure per transaction is between 1% and 2% of the capital.
Key Times & Opening Prices [Olitrades]This indicator plots key time's (opening prices) with the possibility of vertical separators. It was initially created to utilize on the indices futures market, utilizing ICT logic.
These opening prices are often utilized to determine if price is currently at a premium or a discounted value.
The default times include:
Daily Open (18:00 PM)
Midnight (00:00 AM)
Settlement (15:00 PM)
7:30 AM
8:30 AM
9:30 AM (Equities Open)
10:00 AM (Morning 4h Candle Open)
14:00 PM (Afternoon 4h Candle Open)
Along with up to three custom time slots.
All times used in the indicator are Eastern Standard time (New York local time) and will automatically adjust no matter your time zone.
Historical
When in historical mode, the indicator will keep the previous levels so you can easily visualize them and their relation to price.
You can also choose how many past levels you want to see. This allows you to back test only specific days/weeks.
Other Inputs
The indicator contains an adjustable offset, to modify how far the line extends depending on the current timeframe.
Each one of the above-mentioned levels can be turned on and off, including the custom times. You can also choose between plotting just the opening price, a vertical line separator, or both! All of these lines have adjustable styles (dotted, dashed or solid) and width.
They also have custom cut offs. You may choose specific cut off times for custom time slots (when to stop extending the lines), as well as for AM (before noon) default levels and PM (after noon) default levels.
The indicator also allows to show text labels next to these lines, which is set by default but can be turned off. Custom times also include custom text options.
Atlantean Bitcoin Weekly Market Condition - Top/Bottom BTC Overview:
The "Atlantean Bitcoin Weekly Market Condition Detector - Top/Bottom BTC" is a specialized TradingView indicator designed to identify significant turning points in the Bitcoin market on a weekly basis. By analyzing long-term and short-term moving averages across two distinct resolutions, this indicator provides traders with valuable insights into potential market bottoms and tops, as well as the initiation of bull markets.
Key Features:
Market Bottom Detection: The script uses a combination of a simple moving average (SMA) and an exponential moving average (EMA) calculated over long and short periods to identify potential market bottoms. When these conditions are met, the script signals a "Market Bottom" label on the chart, indicating a possible buying opportunity.
Bull Market Start Indicator: When the short-term EMA crosses above the long-term SMA, it signals the beginning of a bull market. This is marked by a "Bull Market Start" label on the chart, helping traders to prepare for potential market upswings.
Market Top Detection: The script identifies potential market tops by analyzing the crossunder of long and short-term moving averages. A "Market Top" label is plotted, suggesting a potential selling point.
Customizable Moving Averages Display: Users can choose to display the moving averages used for detecting market tops and bottoms, providing additional insights into market conditions.
How It Works: The indicator operates by monitoring the interactions between the specified moving averages:
Market Bottom: Detected when the long-term SMA (adjusted by a factor of 0.745) crosses over the short-term EMA.
Bull Market Start: Detected when the short-term EMA crosses above the long-term SMA.
Market Top: Detected when the long-term SMA (adjusted by a factor of 2) crosses under the short-term SMA.
These conditions are highlighted on the chart, allowing traders to visualize significant market events and make informed decisions.
Intended Use: This indicator is best used on weekly Bitcoin charts. It’s designed to provide long-term market insights rather than short-term trading signals. Traders can use this tool to identify strategic entry and exit points during major market cycles. The optional display of moving averages can further enhance understanding of market dynamics.
Originality and Utility: Unlike many other indicators, this script not only highlights traditional market tops and bottoms but also identifies the aggressive start of bull markets, offering a comprehensive view of market conditions. The unique combination of adjusted moving averages makes this script a valuable tool for long-term Bitcoin traders.
Disclaimer: The signals provided by this indicator are based on historical data and mathematical calculations. They do not guarantee future market performance. Traders should use this tool as part of a broader trading strategy and consider other factors before making trading decisions. Not financial advice.
Happy Trading!
By Atlantean
Arithmetic Candlesticks (Zeiierman)█ Arithmetic Candlestick - Overview
Arithmetic Candlesticks (Zeiierman) introduce a new way to read charts by applying logical arithmetic to real price data. These candlesticks focus on filtering out noise and smoothing price movements using a bell-shaped curve, which helps to refine the data and highlight the true trend. This approach provides a clearer view of market trends, allowing traders to interpret price action more effectively with minimal lag and distraction.
⚪ What is Arithmetic Candlesticks
Arithmetic Candlesticks use a calculation method rooted in the idea that the market moves in patterns that can be identified and predicted by examining past price movements.
Analyzing momentum, price action, and trend patterns is useful for traders who want to quickly scan and identify price patterns, trends, and momentum in the market. The system searches for these patterns and trends to anticipate future price movements. Traders and investors can identify trends hidden in market noise, enabling them to uncover trading opportunities that might not be immediately obvious to the naked eye.
⚪ Eliminates price noise
The Arithmetic Candlestick noise filtering function is used to reduce price noise, which is the randomness in the price movement of an asset caused by market participants trading on a short-term basis. The idea behind the filter is that it eliminates the impact of short-term fluctuations in the price, thus providing a more accurate picture of the overall trend.
█ Capturing Trends with precise chart reading
Trend moves are some of the biggest moneymakers in trading; in fact, trading in the direction of the trend reduces risk and increases profit potential. Arithmetic Candlestick helps traders do just that.
In a fast-moving and volatile market characterized by high-frequency algorithms, retail traders have a hard time distinguishing the real trend from the noise. Arithmetic Candlesticks are designed to filter out the noise created by insignificant price moves and leave traders with the price action that matters, namely a clear and insightful chart reading. Due to its sophisticated mathematical calculations, Arithmetic Candlesticks are able to analyze any market and timeframe.
█ How to use Arithmetic Candlesticks
Arithmetic Candlesticks is an all-in-one trend and momentum tool that can be used stand-alone or in conjunction with other indicators. Its primary use is to provide a clear chart reading, easily identify trends, and help traders stay longer in trends.
The indicator includes excellent momentum features that offer insights into the current momentum and the strength of the price action. This provides traders with a unique chart experience that yields valuable insights. The indicator boasts numerous features, each of which can be used stand-alone or in combination with others. Read more about the features below.
These candles can be used in conjunction with other indicators such as support/resistance, trendlines, ICT trading, and other patterns.
█ Arithmetic Candlesticks features
The indicator comes with tons of great features that make the indicator into its own system that can be used stand-alone. You find everything from trend reading, entry/exit points, identifying momentum, and auto-stop loss.
⚪ Candle Modes:
Traders can select from three different types of arithmetic candle calculations and enable our volatility-adjusted filter for all of them. By default, the candles are set to Arithmetic candlesticks. However, depending on their trading preferences, users can select Arithmetic + Heikin Ashi Candles or Impulse + Wicks Candles.
The Heikin Ashi mode of the candlesticks makes the indicator smoother and more trend-friendly.
The Impulse + Wick mode of the candlesticks makes the indicator responsive to momentum. The length of the wicks represents the strength of the current momentum. The longer the wicks, the greater the momentum in the market.
If traders enable the Volatility Adjusted candles , the indicator becomes much more responsive to volatility moves, which is a way of making the candlesticks more responsive to significant price movements.
⚪ Trend coloring
Arithmetic candlesticks come in three different color modes: the default one, the gradient one, and the advanced trend coloring. Enable the Trend coloring if you want to engage in long-term trend trading. This filter does not change the arithmetic candlesticks, only the bar coloring.
⚪ Buy and Sell signals
To make trend trading easier to understand, we have included Buy/Sell signals. These signals are based both on the type of candlesticks selected and the type of coloring used. In addition, they come with three filters and are available in scalping and trend modes.
Candle Color Filter: A buy signal will only occur if the candlesticks are bullish, and a sell signal will only occur if the candlesticks are bearish.
Trend Tracker Filter: A buy signal will only occur if the Trend Tracker is bullish, and a sell signal will only occur if the Trend Tracker is bearish.
When both filters are applied, it means that both the candle color and the Trend Tracker should have the same sign in order to trigger a signal.
These filters are very effective and should be used when utilizing the signals.
Take Profit signals can be enabled to help traders know when to take profits.
Adaptive Stop Loss can be enabled for the signals, helping traders manage their risk.
⚪ Trend Tracker
The Trend Tracker line provides insights about the underlying trend. Adjust it if you want to engage in scalping, which makes the line much more responsive. Set the underlying speed of the trend to either Fast or Slow. This Trend Tracker works well in conjunction with Arithmetic Candlesticks and the associated signals.
⚪ Trend Sentiment
Enable Trend Sentiment to identify the levels at which the market is considered bullish or bearish. This feature helps you gauge the overall market direction, allowing you to align your trades with the prevailing trend. The Trend Sentiment also measures the strength of the trend, highlighting whether the current price action reflects a strong or weak trend. Adjust the sensitivity to determine how early or late you want to capture these trend signals.
⚪ Impulse
Enable Impulse Signals to understand when the market is making a significant move, often leading to a pullback or pause. These Impulse Signals can indicate the very start of a trend or serve as the first sign of a reversal. Enable 'Significant Impulses' if you only want to display the most significant market impulses.
█ How is Arithmetic Candlesticks Calculated?
⚪ Candlesticks
These candlesticks combine advanced smoothing techniques with price pattern recognition, giving traders a clearer view of market dynamics.
Adaptive Smoothing: The core of this smoothing approach is its ability to adjust dynamically based on market conditions. It reduces lag while staying responsive to price changes. This adaptive nature allows the candlesticks to follow the price action smoothly, minimizing the influence of short-term fluctuations. As a result, the trend is depicted with greater accuracy, helping traders to stay in tune with the market’s true direction.
Refined Smoothing with Weighted Averages: Another key component of the smoothing process involves applying a refined technique that uses a bell-shaped curve to weight price data. This method reduces the impact of outlier movements, resulting in a smoother, more continuous curve that accurately represents the market's central trend. This ensures that the candlesticks reflect a more balanced view of price action, focusing on the significant movements while filtering out unnecessary noise.
⚪ Trend Coloring
The Trend Coloring feature offers a powerful visualization tool that helps traders quickly identify the prevailing market trend and its strength. By analyzing market structure and the velocity of price movements, this feature provides a clear, dynamic view of the long-term trend direction.
Market Structure Analysis: The Trend Coloring is rooted in a thorough analysis of market structure, focusing on key price levels over time. By evaluating these levels, the system determines whether the market is in an uptrend, downtrend, or ranging phase. This information is then used to color the chart according to the current trend direction, providing a visual cue that makes it easier to align your trades with the broader market movement.
Velocity of Price Movements: . In addition to identifying the trend direction, the system also calculates the velocity of price movements. This involves assessing how quickly or slowly prices are advancing in a particular direction, offering deeper insight into the trend's strength and momentum. Faster price movements suggest a stronger trend, while slower movements may indicate a weakening or consolidating market. This dynamic approach ensures that the Trend Coloring not only highlights the trend but also reflects its intensity and potential sustainability.
⚪ Buy and Sell signals
The Buy/Sell signals are generated using a sophisticated approach that tracks key price action levels to determine market direction and momentum. This method constantly evaluates the relationship between the current price and dynamically adjusting levels that reflect the underlying market conditions. By staying in tune with the flow of the market, this approach effectively captures the onset of new trends while reducing the lag typically associated with traditional indicators.
Dynamic Price Action Levels: The signals are based on critical price action levels that adapt in real-time to market movements. These levels serve as flexible thresholds that help identify potential buy or sell opportunities. When the price interacts with these levels, it triggers signals that indicate possible entry or exit points, aligning your trades with the prevailing market direction.
Price Patterns: The algorithm also recognizes and integrates specific price patterns that are often precursors to significant market moves. By identifying these patterns, the system can anticipate changes in market direction more accurately, enabling earlier and more precise signals. This helps in capturing trend reversals or continuations effectively.
Momentum-Driven Adjustments: The system's price action levels are not static; they adjust dynamically in response to strong price movements. This ensures that the signals are not only timely but also in sync with the underlying market momentum, making the system highly effective in volatile conditions where quick decision-making is crucial.
⚪ Trend Tracker
The Trend Tracker utilizes the core principles of Arithmetic Candlesticks, including their sophisticated smoothing techniques and pattern recognition capabilities. By leveraging these features, the Trend Tracker effectively filters out market noise, allowing it to present a smooth and accurate representation of the current trend. This makes it easier to identify whether the market is trending upwards, downwards, or entering a period of consolidation.
Adaptive to Market Conditions: The Trend Tracker is not static; it dynamically adjusts as market conditions change. Whether the market is experiencing high volatility or moving through a quieter phase, the Trend Tracker remains responsive, continuously updating to reflect the most recent price action. This ensures that traders are always working with the most relevant information, making it easier to stay in sync with the market's true direction.
⚪ Trend Sentiment
Trend Sentiment analyzes key price levels and market structure to determine whether the current market sentiment is bullish or bearish. By examining the direction and momentum of price movements, it provides a straightforward view of the market's overall trend direction.
⚪ Impulse
Impulse monitors the market for sudden shifts in momentum, recognizing when the price is making a strong move that could lead to a trend continuation or a reversal. The feature is tuned to distinguish between regular market fluctuations and significant impulses. It focuses on the most meaningful price movements, ensuring that the signals you receive are relevant and actionable.
█ Important Note
Caution! Arithmetic candlesticks do not always reflect the actual price. Arithmetic uses smoothing and noise filtering to capture trends; hence, it might deviate from the actual close.
It's important to understand that Arithmetic Candlesticks are intended to provide a clearer picture of trend direction rather than exact price levels. Therefore, they should not be used as a substitute for actual market prices, especially in scenarios like backtesting or precise trade execution where exact price data is crucial. Instead, use Arithmetic Candlesticks as a tool for understanding trends and overall market direction, while relying on actual price data for decisions that require precise price points.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Decline and Rise Detective [CHE]Decline and Rise Detective
TradingView Indicator (Best Timeframe: 1H or Higher)
1. Introduction
The "Decline and Rise Detective " is a TradingView indicator designed to identify the hours within a trading day that experience the largest price declines and rises. This indicator provides a visual representation of this data, offering traders valuable insights into the most frequent hours for significant price movements. It is most effective when used with a timeframe of 1 hour or greater.
2. Key Features of the Indicator
2.1. Display Options
Display Option: Users can choose between two display options:
Label: Displays the information as a text label directly on the chart.
Table: Displays the information in a table format in the top right corner of the chart.
2.2. Time Zone Settings
Time Zone: The indicator allows the user to manually set the time zone or use the exchange's time zone.
Time Zone Offset: Adjust the time zone via a UTC offset.
2.3. Day Change Detection
The indicator automatically detects the change between trading days to ensure data is correctly assigned.
3. Analysis of Price Declines and Rises
3.1. Calculation of Largest Declines and Rises
The indicator compares the high and low of each hour to determine the largest decline and rise within a trading day.
3.2. Frequency Counting
For each hour of the day, the number of times the largest declines and rises occur is counted to identify the hours with the most significant price movements.
3.3. Data Sorting
The hours are sorted by the number of occurrences of declines and rises to highlight the most frequent hours. This sorting was implemented using the MA Sorter function, inspired by Duyck's Array Sorter. Special thanks to Duyck for providing the Array Sorter on TradingView, which greatly influenced this feature
4. Interpretation and Trading Applications
4.1. Identifying High Volatility Periods
The hours identified by the indicator as having the most frequent and significant price movements are typically periods of high volatility. These periods are crucial for traders who seek to capitalize on market fluctuations.
4.2. Determining Optimal Trade Entries
Long Trades: The hours with the most significant price rises can be used to identify optimal times to enter long positions.
Short Trades: Conversely, the hours with the most significant price declines can indicate good opportunities for short trades.
4.3. Display of Top 5 Hours
The indicator shows the five hours with the most declines and rises.
Depending on the selected display option, this information is shown either as a text label or as a table in the chart.
4.4. Background Color
The background color of the chart changes at day change to clearly mark it.
5. Application of the Indicator
5.1. Trading Use
Traders can use the indicator to identify time windows with high volatility and adjust their trading strategies accordingly. This allows for more informed decisions on when to go long or short, depending on the market conditions during those hours.
5.2. Customization Options
Various input options allow the user to customize the indicator to fit personal needs and trading hours.
6. Summary
The "Decline and Rise Detective " indicator is a powerful tool for analyzing hourly price movements in the markets. By providing detailed information on the most frequent hours for significant price declines and rises, this indicator offers valuable insights into periods of high volatility. Traders can use this data to make more informed decisions on entering long or short trades. It is particularly effective when used with timeframes of 1 hour or greater.
Best regards and happy trading
Chervolino
Buy Signal Only with Multiple Indicators and Stop LossDescription: This custom Pine Script indicator is designed to help traders identify optimal buy signals using a combination of multiple technical indicators. It provides visual markers for entry points, take profit levels, and stop loss, offering a comprehensive tool for decision-making.
Features:
Buy Signal: Generates a buy signal based on a combination of EMA Cloud, SuperTrend, Zero Lag MACD, QQE, Volume Oscillator, and ATR Bands.
Entry Point: Displays a horizontal line at the entry price with a price label, extended to the right for visibility.
Take Profit Levels:
1% Take Profit: A dashed red line with a price label for the first take profit level.
2% Take Profit: A dashed orange line with a price label for the second take profit level.
Stop Loss: A dotted purple line with a price label to indicate the stop loss level set at 3%.
Parameters:
EMA Short Length: Adjust the period for the short EMA.
EMA Long Length: Adjust the period for the long EMA.
ATR Length: Set the length for ATR calculation.
Multiplier: Define the factor for the SuperTrend calculation.
MACD Length and Signal Length: Configure lengths for MACD and its signal line.
RSI Length and Smooth Length: Set parameters for RSI and its smoothing.
Volume Lengths: Customize lengths for the volume oscillator.
ATR Band Length and Multiplier: Set parameters for ATR Bands.
Delay Bars: Specify the number of bars to wait before showing another buy signal.
Take Profit Percentages: Adjust percentages for the 1% and 2% take profit levels.
Stop Loss Percentage: Set the stop loss percentage.
Line Extension Length: Define the number of bars to extend lines.
Right Offset Bars: Configure how many bars to offset labels and lines to the right.
Usage:
Identify Buy Opportunities: The indicator helps identify potential buy signals using multiple indicators.
Manage Trades: Visualize entry points, take profit targets, and stop loss levels to manage trades effectively.
Customization: Tailor the indicator to fit your trading strategy by adjusting the parameters.
Notes:
This is what we call version 1.
Ensure that the indicator's settings align with your trading strategy and market conditions.Use in conjunction with other analysis tools for a comprehensive trading approach.
Day, Week, or Hour Coloring
This is a simple Script that dynamically colors the chart bars based on the day of the week, week of the month, or hour of the day. Users can toggle between these three modes using the Color Mode input, allowing for flexible visual representation of time periods directly on the chart.
Key Features:
Color Modes:
Day Mode: Colors the bars according to the day of the week, with each day assigned a unique color.
Week Mode: Colors the bars based on the week of the month, providing a different color for each week.
Hour Mode: Colors the bars according to the hour of the day, with distinct colors assigned to each hour.
How It Works:
Day Mode:
The script assigns a unique color to each day of the week (e.g., Monday is red, Tuesday is green).
Week Mode:
The script calculates the week of the month by considering the first day of the month and adjusts the day count to determine the correct week.
Each week is assigned a specific color (e.g., Week 1 is red, Week 2 is green).
Hour Mode:
The script assigns a unique color to each hour of the day (e.g., 0:00 is blue, 1:00 is green).
Selected Color Application:
The script evaluates the selected Color Mode and applies the corresponding color to the bars on the chart using the barcolor() function.
This indicator is useful for traders who want to visually distinguish time periods on their charts, aiding in pattern recognition and time-based analysis.
5-9-20-100 Day EMAIndicator Name: "5-9-20-100 Day EMA"
Purpose: This indicator plots four key EMAs (5, 9, 20, and 100-day) on a daily chart, providing a clear visualization of both short-term and long-term trends. The EMAs serve as critical triggers for identifying potential entry and exit points based on price interactions with these moving averages.
Technical Details:
Version: Pine Script v5
EMAs Used:
5-Day EMA (Lime): Captures the most recent price trends, useful for identifying short-term momentum.
9-Day EMA (Yellow): Offers a slightly broader view, often used to confirm the short-term trend.
20-Day EMA (Orange): Represents a medium-term trend, commonly used as a signal for trend reversals.
100-Day EMA (Red): Indicates the long-term trend, often serving as strong support or resistance levels.
Trigger Points:
Crossovers: Price crossing above or below these EMAs can trigger potential buy or sell signals.
Convergence/Divergence: The interaction between the EMAs, such as a faster EMA crossing a slower one, can signal trend reversals or continuations.
Utility: This indicator is ideal for traders who rely on EMA crossovers and the relationship between different EMAs to make informed trading decisions.
Prometheus Volatility EMAThe Prometheus Volatility EMA is an indicator that calculates an Exponential Moving Average with the historical volatility as how we decide how sensitive to make the indicator to the most recent data.
A traditional EMA is calculated like this:
EMA = alpha * source + (1 - alpha) * EMA , where alpha = 2 / (length + 1)
Sourced from TradingView’s ta.ema built in function.
We see that the alpha value is used to determine how sensitive the EMA will be to the most recent prices, and it is derived from how many bars back are used in the calculation.
Prometheus is using the annualized historical volatility, for a specified period as the “alpha” value. The reason for this is that on more volatile assets, the EMA will follow price more closely to give you a better idea of when price may change direction.
Historical Volatility calculation:
hv = ta.stdev(math.log(close / close ), lkb) * math.sqrt(252/5)
EMA calculation:
float hv_EMA = na
hv_EMA := na(hv_EMA ) ? ta.sma(close, lkb) : hv * close + (1 - hv) * hv_EMA
Let's explain some charts to better understand this tool!
We see on a 1 year NASDAQ:SHY chart, the moving average is far from the price. This makes sense as NASDAQ:SHY has a range of 2.85% from the low to the high for this period in the photo above. It is not very volatile.
In this chart of BITSTAMP:BTCUSD we see that the EMA follows price very closely, way closer than it does on $SHY. This is because BITSTAMP:BTCUSD is much more volatile. BITSTAMP:BTCUSD has a range of 196% from the low to the high in this photo. Way more than $SHY.
We see it change on the same asset here looking at $QQQ. In the small period with the drop we see the EMA follow more closely as volatility picks up, then it quickly allows price to get far as volatility leaves.
This is the perspective we aim to provide. We encourage traders to not follow indicators blindly. No indicator is 100% accurate. This one can give you a different perspective of price strength with volatility. We encourage any comments about desired updates or criticism!
ABCD Projection [Trendoscope®]Over the years, we have extensively explored and published numerous scripts centered around various chart patterns, including Harmonic Patterns, Reversal Patterns, Elliott Waves, and more. Our expertise in these areas has led to frequent requests for an indicator based on the ABCD pattern. Although we didn't include it as part of our Harmonic Patterns collection, the development of a dedicated ABCD Projection Indicator has always been a priority for us.
🎲 Overview of the ABCD Projection Indicator
The ABCD Projection Indicator is designed to identify and project ABCD patterns using a Zigzag-based approach. This pattern, characterized by alternating pivot highs and lows labeled as A, B, C, and D, is particularly significant in trending markets where it signifies trend continuation following deep pullbacks.
The indicator works by confirming the ABC pivots and projecting the D pivot based on the established price swings. Since ABCD patterns are most effective in trending environments, the indicator focuses on filtering patterns where the retracement from the C pivot has not compromised the trade's potential. Specifically, it ensures that the starting point (S)—where the pattern is detected—has not retraced beyond a defined threshold, preserving the opportunity to execute a trade with the goal of reaching the projected D pivot.
Additionally, the ABCD Projection Indicator considers the retracement ratio from the C pivot, which plays a crucial role in risk management. A higher retracement ratio reduces the stop distance (from pivot A to the entry point S) while increasing the distance to the target (pivot D), thereby enhancing the reward/risk ratio for trades.
🎲 Components of the ABCD Projection Indicator
The ABCD Projection Indicator comprises several key components:
A, B, C Pivots and Zigzag Wave : These elements form the foundational structure of the ABCD pattern.
S Point : This is the location where the pattern is identified, positioned a few bars away from the confirmed C pivot.
Estimated D Pivot : The D pivot is projected based on the A, B, and C price levels. The time or distance to the D pivot is influenced by the starting point S.
Mini Stats Table : Located in the top right corner, this table displays win/loss ratios and risk/reward data for both bullish and bearish scenarios.
Fibonacci Levels : Calculated from the C to D pivots, these levels are provided as a reference for additional analysis.
🎲 Indicator Settings
The settings for the ABCD Projection Indicator are minimal and intuitive, with tooltips provided to guide users through the configuration process.
Bitcoin PivotFind [BTC Cycle Tops & Bottoms Finder]What is PivotFind?
PivotFind is a custom indicator designed to track 30+ data points of different nature (technical, sentiment, macro, on-chain), and across multiple timeframes (from 1D to 60D), to detect the market conditions that may indicate the formation of potential Cycle Tops and Bottoms .
PivotFind's goal is to help you navigate Bitcoin's price movements and key happenings over its approximately 4-year cycles to help you craft a mid-term investment plan focused on the larger swings, rather than the shorter-term fluctuations.
What Does PivotFind Show/Do?
Market Phase Assessment and Visualization:
- Uses color-coded backgrounds (green for bull, red for bear, yellow for trend reversal) to show the current (assessed) market phase. Note that the price line itself changes color to reinforce the current phase identification.
- Helps you understand if we're in a uptrend, downtrend, or potentially changing direction (reversal), often an open question for traders, with a mid-term horizon
Cycle Top and Bottom Warnings:
- Places red dots above the price line to warn of potential cycle peaks.
- Shows green dots below the price line to indicate possible cycle bottoms.
These markers appear when multiple indicators reach certain thresholds, which historically have often coincided with significant market pivots (from bull to bear, or viceversa). Clusters of tops and bottom warnings are expected to appear at truly pivotal moments.
Parabolic Growth Signals:
- Displays upward arrows when conditions suggest potential for the rapid price increases that historically anticipated blow-off tops
- These signals are based on a combination of technical indicators and market sentiment reaching certain thresholds.
Altcoin Season Indicators:
- Marks with white diamonds the conditions that have historically led to "altseasons" (i.e. Altcoins overperforming BTC's growth rate).
- Based on factors like Bitcoin dominance decrease and certain altcoin performance metrics.
Fibonacci Retracement Bands:
Plots long-term support and resistance zones based on Fibonacci retracement levels.
These bands are calculated from previous major market highs and lows and shed light on the nature of short-term retracements in the context of major trends.
Price Scenario
PivotFind also provides reference price levels for the upcoming halving cycle, including potential thresholds for increased market interest (retail FOMO), possible overvaluation, and theoretical cycle peak ranges. These projections are based on historical data and should be considered as points of reference rather than definitive predictions.
Comprehensive Data Tables:
Right-side Table: Shows current cycle stage, Bitcoin/Altcoin market dominance percentages, and evaluates key economic factors (like inflation and interest rates) for their potential impact.
Bottom Table: Displays real-time values of over 30 key indicators, including RSI, MVRV ratio, and Fear & Greed Index.
Alerts
PivotFind offers you the ability to set up custom alerts (via the standard TradingView alert functionality) or receive automated notifications for significant market events. Despite its sophisticated analysis, PivotFind is designed to be user-friendly, with pre-set parameters that don't require complex adjustments.
How Does It Work?
PivotFind analyzes over 30 different indicators across multiple timeframes (from 1 day to 60 days), grouped into four main categories:
1. Technical Analysis:
Uses standard indicators like RSI, Stochastic RSI, Williams %R, Elliot Oscillator, TDI, and mean reversion concepts.
Looks for divergences between price and multiple indicators (like OBV, MFI, CCI, RSI, SRSI, MACD and others) to spot potential reversals.
2. Market Sentiment:
Incorporates the Crypto Fear & Greed Index (0-100 scale).
Tracks social media trends and influencer follower counts as a gauge of public interest.
3. Macroeconomic Factors:
Monitors inflation rates, interest rates, US rate yields, and money supply (M2) figures.
Tracks the U.S. Dollar Index (DXY) and bond market health through ETFs like TLT and HYG.
4. On-Chain Analytics:
Analyzes MVRV (Market Value to Realized Value) ratio to spot potential over/undervaluation.
Examines NUPL (Net Unrealized Profit/Loss) and active Bitcoin addresses.
PivotFind analyzes these indicators collectively, looking for significant correlations and confluences, to provide a view of the market's position within the 4-year cycle and spot the conditions for potential Cycle tops and bottoms (cycle pivots).
Who Is This For?
PivotFind may be particularly useful for:
- Long-term investors looking to optimize entry and exit points within the 4-year cycle
- Individuals who want to understand mid-term trends without engaging in daily analysis of multiple charts (due to lack of time and/or financial knowledge)
- Bitcoin Holders and miners planning their decisions around critical market pivot points
It's less suitable for scalpers, day-traders or those focused on short-term price movements.
Value Proposition
PivotFind simplifies market analysis by bringing together a wide range of indicators and data sources across different timeframes. It uses built-in logic to interpret these inputs within the context of Bitcoin's cycles, giving users an efficient way to spot potential major market shifts. This all-in-one approach helps make sense of complex market conditions and supports more informed decision-making.
Since Bitcoin’s broader cycle strongly influences the entire crypto market, PivotFind can also be useful for investors who are focused on Altcoins, not just Bitcoin.
Important Note (Disclaimer)
Past performance, and patterns, do not guarantee future results. Therefore, PivotFind should be used as one of many tools in your analysis. While the indicator provides a multi-faceted and multi-timeframe analysis of factors historically correlated with pivotal price shifts, it cannot predict future prices with certainty. It's a tool to help inform your decisions, not make them for you. Always conduct your own research and remember that all investments, especially in cryptocurrencies, involve risk.
Recommended Settings
PivotFinds works best on the 1D INDEX:BTCUSD chart (dark-mode, logarithmic scale).
This indicator is not publicly available and requires special access.
Inside Candle - Multi TimeframesIndicator looks for inside candle on 3 timeframes. Chart's default timeframe and 2 higher timeframes to spot Inside candle on any of these timeframes.
Main purpose was to look at multiple inside candle at multiple timeframes to identify consolidation within consolidation and implement intraday, hence for 15min chart timeframe.
However, code works for all timeframes from 5 min to quarterly and higher timeframes will be picked automatically.
Reference and credits
This indicator is inspired by and uses code from:
- Author Name - // © Fab_Coin_
-
Uptrend & SMAThe "Uptrend and Close to SMA" indicator is designed to help traders identify when the price of a stock is in an uptrend and is trading near its Simple Moving Average (SMA) over a user-defined period. The indicator uses multi-timeframe analysis, allowing the user to select different timeframes for calculating the SMA.
Key Features:
SMA Calculation: The indicator calculates the SMA for a selected timeframe (e.g., daily, weekly, monthly) based on a user-specified period (default is 150 periods).
Multi-Timeframe Options: Users can choose between multiple timeframes (1 day, 1 week, 1 month, 3 months, 6 months, 12 months) to calculate the SMA, providing flexibility in trend analysis.
Proximity Threshold: The indicator includes a proximity threshold in percentage terms, allowing users to define how close the real-time price needs to be to the SMA to trigger a visual alert.
Uptrend Identification: The indicator identifies an uptrend when the real-time price is above the selected SMA.
Visual Alerts: If the price is above the SMA and within the defined proximity threshold, the background color of the chart will change to green, signaling that the stock is in an uptrend and close to the SMA.
Alert Condition: The indicator includes an alert condition that triggers when the price is in an uptrend and within the proximity threshold, allowing traders to be notified when their criteria are met.
Percentage Difference Display: A table displays the percentage difference between the real-time price and the SMA, providing a quick reference to see how far the price is from the SMA in percentage terms.
This indicator is especially useful for traders looking for potential buying opportunities when a stock is trending upwards but still near its moving average, indicating potential continuation or momentum.
Daily High and Low Levels IndicatorThis Pine Script indicator displays horizontal lines representing the high and low levels of the previous trading day, extending them to the right side of the chart for better visibility. It updates automatically at the start of each new trading day.
Features:
Daily High and Low Levels: Marks the high and low levels of the previous day with horizontal lines.
Customization:
Adjust the color, style, and thickness of the lines to fit your preferences.
High Level Line Color: Customize to your preferred color (default: gray).
Low Level Line Color: Customize to your preferred color (default: white).
Line Style Options: Choose between solid, dashed, or dotted lines.
Line Thickness: Adjust the width of the lines.
Extended Lines: Extend the lines to the right side of the chart for enhanced visibility.
Labeling: Shows clear labels "Previous High" and "Previous Low" next to the lines for easy reference.
Usage :
Add this indicator to your chart to visualize the previous day's high and low levels.
Customize the appearance of the lines and labels using the input options.
The indicator will automatically update these levels at the beginning of each trading day.
This indicator is designed to help traders quickly identify significant price levels from the previous day and make informed trading decisions.
License: This script is provided under the Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) License. For more information, visit Creative Commons License.