Improved G-Trend DetectionIt is the Improved version of G trend channel detection.
The Umair Trend Detection Indicator is a powerful tool designed to help traders identify potential buy and sell opportunities by combining dynamic price channels with RSI-based confirmation. This indicator is suitable for all types of financial markets, including stocks, forex, and cryptocurrencies.
Key Features:
Dynamic G-Channels
Calculates upper, lower, and average price channels based on the "G-Channel" methodology.
Helps identify market extremes and potential reversal points.
RSI Confirmation
Integrates RSI (Relative Strength Index) to filter buy and sell signals.
Avoids false signals by ensuring market momentum aligns with trend direction.
Buy/Sell Signals
Generates "Buy" signals when bullish conditions align with oversold RSI levels.
Generates "Sell" signals when bearish conditions align with overbought RSI levels.
Exit Signals
Provides optional exit points for both long and short positions using a buffer for confirmation.
Visual Clarity
Displays clearly plotted channels and average lines to help visualize price trends.
Buy and sell signals are marked with arrows for easy identification on the chart.
Custom Alerts
Offers customizable alerts for buy, sell, and exit conditions, ensuring traders never miss an opportunity.
Input Parameters:
Channel Length: Controls the sensitivity of the G-Channels.
Multiplier: Adjusts the width of the channels to suit different market conditions.
RSI Settings: Customize RSI length and thresholds for overbought/oversold conditions.
Exit Signal Buffer: Adds flexibility to the exit strategy by delaying signals for confirmation.
How It Helps:
The Umair Trend Detection Indicator is perfect for traders looking for an easy-to-use trend-following system with strong confirmation. By combining dynamic channels with RSI, it provides accurate and reliable signals to enter and exit trades, minimizing risks associated with false breakouts or trend reversals.
Use Cases:
Trend Trading: Identify and follow long-term trends with confidence.
Swing Trading: Spot reversals and capitalize on medium-term price movements.
Risk Management: Use exit signals to lock in profits or limit losses effectively.
This indicator is a versatile tool for both novice and experienced traders. Fine-tune its settings to align with your trading style and improve your decision-making in any market.
Cykle
BTC Trendline Strategy - 1min - One DirectionBTC Trendline Strategy - 1min - One DirectionBTC Trendline Strategy - 1min - One DirectionBTC Trendline Strategy - 1min - One DirectionBTC Trendline Strategy - 1min - One DirectionBTC Trendline Strategy - 1min - One DirectionBTC Trendline Strategy - 1min - One Direction
Bitcoin Pi Cycle TrackerThe Bitcoin Pi Cycle Tracker is based on the widely recognized Pi Cycle Top Indicator, a concept used to identify potential market cycle tops in Bitcoin's price. This implementation combines the 111-day Simple Moving Average (SMA) and the 350-day SMA (multiplied by 2) to detect key crossover points. When the 111-day SMA crosses above the 350-day SMA x2, it signals a potential market peak.
Key Features:
Plots the 111-day SMA (blue) and the 350-day SMA x2 (red) for clear visualization.
Displays visual markers and vertical lines at crossover points to highlight key moments.
Sends alerts for crossovers, helping traders stay ahead of market movements.
This tool is an implementation of the Pi Cycle concept originally popularized by Bitcoin market analysts. Use it to analyze historical price cycles and prepare for significant market events. Please note that while the Pi Cycle Indicator has been historically effective, it should be used alongside other tools for a comprehensive trading strategy.
EMA RSI Trend Reversal Ver.1Overview:
The EMA RSI Trend Reversal indicator combines the power of two well-known technical indicators—Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI)—to identify potential trend reversal points in the market. The strategy looks for key crossovers between the fast and slow EMAs, and uses the RSI to confirm the strength of the trend. This combination helps to avoid false signals during sideways market conditions.
How It Works:
Buy Signal:
The Fast EMA (9) crosses above the Slow EMA (21), indicating a potential shift from a downtrend to an uptrend.
The RSI is above 50, confirming strong bullish momentum.
Visual Signal: A green arrow below the price bar and a Buy label are plotted on the chart.
Sell Signal:
The Fast EMA (9) crosses below the Slow EMA (21), indicating a potential shift from an uptrend to a downtrend.
The RSI is below 50, confirming weak or bearish momentum.
Visual Signal: A red arrow above the price bar and a Sell label are plotted on the chart.
Key Features:
EMA Crossovers: The Fast EMA crossing above the Slow EMA signals potential buying opportunities, while the Fast EMA crossing below the Slow EMA signals potential selling opportunities.
RSI Confirmation: The RSI helps confirm trend strength—values above 50 indicate bullish momentum, while values below 50 indicate bearish momentum.
Visual Cues: The strategy uses green arrows and red arrows along with Buy and Sell labels for clear visual signals of when to enter or exit trades.
Signal Interpretation:
Green Arrow / Buy Label: The Fast EMA (9) has crossed above the Slow EMA (21), and the RSI is above 50. This is a signal to buy or enter a long position.
Red Arrow / Sell Label: The Fast EMA (9) has crossed below the Slow EMA (21), and the RSI is below 50. This is a signal to sell or exit the long position.
Strategy Settings:
Fast EMA Length: Set to 9 (this determines how sensitive the fast EMA is to recent price movements).
Slow EMA Length: Set to 21 (this smooths out price movements to identify the broader trend).
RSI Length: Set to 14 (default setting to track momentum strength).
RSI Level: Set to 50 (used to confirm the strength of the trend—above 50 for buy signals, below 50 for sell signals).
Risk Management (Optional):
Use take profit and stop loss based on your preferred risk-to-reward ratio. For example, you can set a 2:1 risk-to-reward ratio (2x take profit for every 1x stop loss).
Backtesting and Optimization:
Backtest the strategy on TradingView by opening the Strategy Tester tab. This will allow you to see how the strategy would have performed on historical data.
Optimization: Adjust the EMA lengths, RSI period, and risk-to-reward settings based on your asset and time frame.
Limitations:
False Signals in Sideways Markets: Like any trend-following strategy, this indicator may generate false signals during periods of low volatility or sideways movement.
Not Suitable for All Market Conditions: This indicator performs best in trending markets. It may underperform in choppy or range-bound markets.
Strategy Example:
XRP/USD Example:
If you're trading XRP/USD and the Fast EMA (9) crosses above the Slow EMA (21), while the RSI is above 50, the indicator will signal a Buy.
Conversely, if the Fast EMA (9) crosses below the Slow EMA (21), and the RSI is below 50, the indicator will signal a Sell.
Bitcoin (BTC/USD):
On the BTC/USD chart, when the indicator shows a green arrow and a Buy label, it’s signaling a potential long entry. Similarly, a red arrow and Sell label indicate a short entry or exit from a previous long position.
Summary:
The EMA RSI Trend Reversal Indicator helps traders identify potential trend reversals with clear buy and sell signals based on the EMA crossovers and RSI confirmations. By using green arrows and red arrows, along with Buy and Sell labels, this strategy offers easy-to-understand visual signals for entering and exiting trades. Combine this with effective risk management and backtesting to optimize your trading performance.
Push Up Pullback BuyThe Push Up Pullback Buy (PUPB) indicator is designed to identify trend continuation opportunities by detecting key market movements:
Push-Ups: Rapid upward price movements exceeding a customizable minimum change.
Pullbacks: Temporary price corrections following a push-up.
Trend Confirmation: Validates higher highs and higher lows during pullbacks to ensure trend continuation.
Multi-Timeframe Analysis: Incorporates lower timeframe breakout confirmation for enhanced precision.
This indicator provides visual cues (arrows and signals) directly on your chart, making it intuitive for traders to spot potential buy opportunities. Ideal for trend-following strategies and traders looking to capitalize on pullback entries in bullish markets.
Customizable parameters allow you to adapt the indicator to your preferred trading style and instruments.
Opening Candle High/Low with Time Zone and Minute Offset
Title: Opening Candle High/Low with Time Zone and Minute Offset
Description:
The Opening Candle High/Low with Time Zone and Minute Offset indicator is a versatile tool that highlights the high and low of the first candle of the trading session, adjusted for your preferred time zone and minute offset. It is particularly useful for traders who focus on opening ranges as key reference points for their trading strategies.
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Features:
1. Time Zone and Minute Adjustment:
- Allows customization of the start time by applying a time zone offset (in hours) and a minute offset.
- Ideal for traders operating in different time zones or trading sessions that don't align with midnight UTC.
2. Dynamic First Candle Detection:
- Automatically captures the high and low of the first candle after the adjusted time.
- Resets daily, ensuring accurate levels for each new trading session.
3. Visual Representation:
- Plots the high and low levels of the first candle directly on the chart for easy reference.
- Uses distinct colors (green for the high and red for the low) and adjustable line widths for clarity.
4. Simplicity and Versatility:
- Works across all markets and timeframes, providing essential information for opening range breakout strategies, support/resistance analysis, or session-based trading.
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How It Works:
1. Time Adjustment:
- The indicator adjusts the current chart time by applying the user-defined hour and minute offsets.
- This ensures the "opening candle" aligns with your specific trading session requirements.
2. First Candle Detection:
- When the adjusted time matches the start of a new day (midnight with offsets), the indicator captures the high and low of the first candle.
- These values are stored and remain static throughout the trading day.
3. Plotting:
- The high and low levels of the opening candle are plotted on the chart, providing visual reference points for traders.
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Use Case:
- This indicator is ideal for traders who rely on the opening range of a session for planning trades, such as breakout or reversal strategies.
- It can also serve as a key tool for identifying significant price levels in session-based trading.
Simplify your trading analysis and align your strategy with this customizable and intuitive indicator.
Previous Week High & Low with middle lineDescription:
The Previous Week High & Low Indicator is a powerful tool designed to provide traders with key reference levels from the previous trading week. It dynamically calculates and plots the previous week's high, low, and midpoint levels directly on your chart, helping you identify critical support and resistance zones.
Features:
1. **Previous Week High and Low Lines**:
- The indicator displays the high and low prices of the previous trading week, allowing you to analyze price action relative to these levels.
- These lines are plotted as step lines, visible only during the active trading days (Monday to Friday), ensuring clean and uncluttered charts.
2. Midpoint Line:
- The midpoint between the previous week's high and low is calculated and displayed as a reference level.
- This white line can act as a psychological pivot point for market participants.
3. Customizable Display:
- You can toggle the visibility of the high and low lines using input options, tailoring the indicator to your preferences.
4. Precision and Aesthetics:
- The lines are plotted with precision and styled for clarity, using subtle transparency for an unobtrusive yet informative appearance.
Use Case:
- This indicator is ideal for traders who rely on historical price levels for planning entries, exits, or stop-loss placements.
- It works seamlessly with any timeframe and asset, making it versatile for various trading strategies.
How It Works:
- The indicator fetches the previous week's high and low prices using the weekly timeframe and "lookahead" mode to ensure these levels remain static after the week's close.
- The lines are plotted only on weekdays (Monday to Friday) to exclude weekend data, ensuring accuracy for markets that operate 24/5.
This tool simplifies your chart analysis and empowers you to make informed trading decisions based on historical price dynamics.
Range PolarityDescription:
This indicator is a "Rate of Change" style oscillator designed to measure market dynamics through the lens of price ranges. By utilizing the true range in conjunction with high and low separation, this script produces two distinct oscillators: one for positive price shifts and one for negative price shifts.
Key Features:
High/Low Isolation:
The script calculates the relative movement of upwards and downwards price movements over a user-defined period. This separation provides a nuanced view of market behavior, offering two separate signals for comparison.
Dynamic Transform Smoothing:
A smoothing transform is applied to the signals, ensuring better outlier handling while maintaining sensitivity to price extremes. This makes the oscillator especially suited for identifying overbought and oversold conditions.
Zero-Centered:
The zero line acts as a "gravity point," where shifts away or toward zero indicate market momentum. Signal crosses or reversals from extreme zones can signal potential entry or exit points.
Outlier Identification:
Unlike traditional ATR based strategies (e.g., Keltner Channels ), this indicator isolates high and low ranges, creating a more granular view of market extremes. These measurements can help identify shifts from the outlying positions and reversal opportunities.
Visual Enhancements:
Multiple layers enhance the visual distinction of the positive and negative transformations. Horizontal lines at key thresholds provide visual reference for overbought, oversold, and equilibrium zones.
How to Use:
Primary signals are shifts from outlying positions or a positive/negative cross. An extreme reading itself can reveal an incoming reversal when calibrated with other indicators or compared with higher timeframes. Pairing "Range Polarity" with volume and momentum can create a comprehensive strategy.
In conclusion, be aware the base length controls the window for high/low contributions while the transform smoothing enhances the raw data through normalization within a tempered range to filter out insignificant fluctuations.
Merry Christmas to all and have a Happy New Year!
ROC with AveragesMain Idea
This script provides traders with a comprehensive view of market momentum by calculating the Rate of Change (ROC) and categorizing its impact into averages of positive, negative, and total values.
Key Features
Rate of Change (ROC) Calculation: Measures the percentage change in closing prices over a user-defined period.
Categorical Averages:
Positive Average: Average ROC for upward movements.
Negative Average: Average ROC for downward movements.
Total Average: Aggregate average across all movements.
Dynamic Visualization: Plots ROC alongside its categorized averages for better trend analysis.
Benefits
Simplifies the evaluation of market trends by breaking down data into actionable insights.
Helps traders identify the strength of upward or downward movements.
Offers a clear visual representation for quick decision-making.
This structure highlights the purpose and value of the script while aligning with the Minto Pyramid Principle. Let me know if you'd like further refinements!
الفكرة الرئيسية
يوفر هذا السكربت للمتداولين رؤية شاملة لزخم السوق من خلال حساب معدل التغير (ROC) وتصنيفه إلى متوسطات القيم الإيجابية والسلبية والإجمالية.
المميزات الرئيسية
حساب معدل التغير (ROC): يقيس النسبة المئوية للتغير في أسعار الإغلاق خلال فترة محددة يختارها المستخدم.
المتوسطات التصنيفية:
المتوسط الإيجابي: متوسط معدل التغير للحركات الصعودية.
المتوسط السلبي: متوسط معدل التغير للحركات الهبوطية.
المتوسط الإجمالي: متوسط إجمالي يشمل جميع الحركات.
تصور ديناميكي: يعرض معدل التغير إلى جانب المتوسطات المصنفة لتسهيل تحليل الاتجاهات.
الفوائد
يبسط تقييم اتجاهات السوق من خلال تقسيم البيانات إلى رؤى قابلة للتنفيذ.
يساعد المتداولين على تحديد قوة الحركات الصعودية أو الهبوطية.
يقدم تمثيلاً بصرياً واضحاً لاتخاذ قرارات سريعة ودقيقة.
MTF Countdown with Direction - AynetIndicator Definition and Inputs:
pineCopyindicator('MTF Countdown with Direction - Aynet', overlay = true)
This code creates a Multiple Time Frame (MTF) countdown indicator with direction
The overlay = true parameter places the indicator on top of the price chart
Timeframe Options:
Users can choose to show/hide the following timeframes:
1 minute
5 minutes
15 minutes
30 minutes
1 hour
4 hours
Daily
Time Calculations:
pineCopyget_current_time()
Calculates the current time
Converts Unix timestamp to seconds
Calculates time since midnight
Returns time broken down into hours, minutes, and seconds
Countdown Calculation:
pineCopyget_period_countdown(period_seconds)
Calculates remaining time for each timeframe
Computes elapsed time in current period
Returns remaining time in hours, minutes, and seconds
Direction and Closing Price Calculation:
Separate functions for each timeframe (get_direction_and_close_1m(), get_direction_and_close_5m(), etc.)
Each function:
Gets current closing price
Compares with previous closing price
Determines direction (up: 1, down: -1, sideways: 0)
Returns direction and closing price
Table Creation and Updates:
Creates a table in the top right corner
Table consists of 4 columns:
Period (Timeframe)
Time Left (Remaining time)
Direction (Shown with arrows)
Close (Closing price)
Each row has a different background color
Direction arrows:
Green up arrow (▲): Price rising
Red down arrow (▼): Price falling
Gray line (―): Price sideways
Dynamic Data Structures:
pineCopyvar timeframes = array.new_int()
var timeframe_names = array.new_string()
var show_array = array.new_bool()
Uses dynamic arrays for timeframes
Adds selected timeframes to arrays on first run
Key Features:
Shows remaining time until period close
Displays price direction for each timeframe
Shows current closing prices
All information in a single, easy-to-read table
This indicator helps traders by providing a comprehensive view of:
When each timeframe will close
The direction of price movement
Current closing prices
across multiple timeframes in a single table, making it easier to track market movements across different time periods.
The color-coding and arrow system makes it visually intuitive to understand market direction at a glance, while the countdown timer helps with timing decisions.
Percentual Variation This script is an indicator for plotting percentage-based lines using the previous day's closing price. It is useful for traders who want to visualize support and resistance levels derived from predefined percentages. Here's what the script does:
Calculates percentage levels:
It uses the previous day's closing price to calculate two positive levels (above the close) and two negative levels (below the close) based on fixed percentages:
+0.25% and +0.50% (above the close).
-0.25% and -0.50% (below the close).
Plots the lines on the chart:
Draws four horizontal lines representing the calculated levels:
Green lines indicate levels above the closing price.
Red lines indicate levels below the closing price.
Displays labels on the chart:
Adds labels near the lines showing the corresponding percentage, such as "+0.25%", "+0.50%", "-0.25%", and "-0.50%".
This script provides a clear visual representation of key percentage-based levels, which can be used as potential entry, exit, or target points in trading strategies.
Compare TOTAL, TOTAL2, TOTAL3, and OTHERSCompare TOTAL, TOTAL2, TOTAL3, and OTHERS
This indicator compares the performance of major cryptocurrency market cap indices: TOTAL, TOTAL2, TOTAL3, and OTHERS. It normalizes each index's performance relative to its starting value and visualizes their relative changes over time.
Features
- Normalized Performance: Tracks the percentage change of each index from its initial value.
- Customizable Timeframe: Allows users to select a base timeframe for the data (e.g., daily, weekly).
- Dynamic Labels: Displays the latest performance of each index as a label on the chart, aligned to the right of the corresponding line for easy comparison.
- Color-Coded Lines: Each index is assigned a distinct color for clear differentiation:
-- TOTAL (Blue): Represents the total cryptocurrency market cap.
-- TOTAL2 (Green): Excludes Bitcoin.
-- TOTAL3 (Orange): Excludes Bitcoin and Ethereum.
-- OTHERS (Red): Represents all cryptocurrencies excluding the top 10 by market cap.
- Baseline Reference: Includes a horizontal line at 0% for reference.
Use Cases:
- Market Trends: Identify which segments of the cryptocurrency market are outperforming or underperforming over time.
- Portfolio Insights: Assess the impact of Bitcoin and Ethereum dominance on the broader market.
- Market Analysis: Compare smaller-cap coins (OTHERS) with broader indices (TOTAL, TOTAL2, and TOTAL3).
This script is ideal for traders and analysts who want a quick, visual way to track how different segments of the cryptocurrency market perform relative to each other over time.
Note: The performance is normalized to highlight percentage changes, not absolute values.
The Ultimate strategy by ATK**The Ultimate Strategy by ATK**
This comprehensive trading script is designed to enhance market analysis and trading strategies by integrating advanced tools for market structure, SMT (Separation and Divergence), Fair Value Gaps (FVG), and session-based insights. With customizable features, real-time alerts, and multi-timeframe functionality, this script caters to both scalpers and long-term traders seeking deeper market insights.
### 🔵 **Key Features**
**🔹 SMT (Divergence) Detection:**
- **High/Low SMT Analysis:** Compares highs and lows between a primary symbol (e.g., NQ1!) and a user-defined comparison symbol (e.g., ES1!).
- Automatically visualizes discrepancies with red (highs) and green (lows) lines.
- Supports two modes: real-time comparison and historical range checks.
- Alerts for detected SMT conditions.
- **Close Price SMT Analysis:** Compares closing prices to highlight divergences.
- Includes user-defined lookback periods and granular cycle-based SMT detection.
**🔹 PSP (Precision Swing Point):**
- Detects and highlights price divergences between symbols, such as NQ and ES, with multi-timeframe compatibility (15-minute, 1-hour, 4-hour).
- Integrated PSP table for visualizing divergences across timeframes.
- Configurable for first PSP detection only or all patterns without lower timeframe interference.
**🔹 Session Analysis with ASIA Session Insights:**
- Tracks high and low prices during the Asia session (1:00–7:00 AM Israel time).
- Draws horizontal lines marking session highs and lows.
- Alerts when prices cross session boundaries.
**🔹 FFMS (First Five-Minute Strategy):**
- Utilizes the high and low of the first five minutes of the trading day.
- Generates buy or sell signals based on retracement and breakout conditions around the previous day’s high/low.
- Real-time alerts for long and short opportunities.
**🔹 Multi-Timeframe Tables and Alerts:**
- Displays SMT and PSP conditions across multiple timeframes (1-minute, 15-minute, 1-hour, etc.).
- Alerts for SMT divergences and PSP patterns across selected time intervals.
**🔹 Visual Enhancements and Customizability:**
- Color-coded lines and labels for easy interpretation of SMT, PSP, and session levels.
- User-friendly input settings for symbol selection, session tracking, and cycle configuration.
- Flexible session range adjustments with macro and micro cycle segmentation (90-minute and 6-hour sessions).
### 🎯 **Use Cases**
- **Scalping:** Analyze short-term divergences with real-time SMT and PSP detection on lower timeframes.
- **Swing Trading:** Leverage session-based insights and SMT conditions to identify potential reversal points.
- **Multi-Symbol Analysis:** Compare key indices or assets (e.g., NQ vs. ES) for SMT-based opportunities.
This script is perfect for traders looking to combine advanced tools into a seamless, actionable trading system. Stay ahead of the markets with **The Ultimate Strategy by ATK**!
Pi Cycle MACD Inverse OscillatorPi Cycle MACD Inverse Oscillator with Gradient and Days Since Last Top
This indicator is ideal for Bitcoin traders seeking a robust tool to visualize long-term and short-term trends with enhanced clarity and actionable insights.
This script combines the concept of the Pi Cycle indicator with a unique MACD-based inverse oscillator to analyze Bitcoin market trends. It introduces several features to help traders understand market conditions better:
Inverse Oscillator:
- Oscillator ranges between 1 and -1.
- A value of 1 indicates the two moving averages (350 MA and 111 MA) are equal.
- A value of -1 indicates the maximum observed distance between the moving averages during the selected lookback period.
- The oscillator dynamically adjusts to price changes using a configurable scaling factor.
Gradient Visualization:
The oscillator line transitions smoothly from green (closer to -1) to yellow (at 0) and red (closer to 1).
The color gradient provides a quick visual cue for market momentum.
Days Since Last Pi Cycle Top:
Calculates and displays the number of days since the last "Pi Cycle Top" (defined as a crossover between the two moving averages).
The label updates dynamically and appears only on the most recent bar.
Conditional Fill:
Highlights the area between 0 and 1 with a green gradient when the price is above the long moving average.
Enhances visual understanding of the oscillator's position relative to key thresholds.
Inputs:
- Long Moving Average (350 default): Determines the primary trend.
- Short Moving Average (111 default): Measures shorter-term momentum.
- Oscillator Lookback Period (100 default): Defines the range for normalizing the oscillator.
- Price Scaling Factor (0.01 default): Adjusts the normalization to account for large price fluctuations.
How to Use:
- Use the oscillator to identify potential reversal points and trend momentum.
- Look for transitions in the gradient color and the position relative to 0.
- Monitor the "Days Since Last Top" label for insights into the market's cycle timing.
- Utilize the conditional fill to quickly assess when the market is in a favorable position above the long moving average.
Fibonacci Extensions and Retracements for Selected TimeframesPurpose of the Script
This script plots Fibonacci levels (retracements and extensions) based on the high and low points of the previous day, previous week, or previous month. It is a trading aid to help identify potential support and resistance zones. These zones are often used by traders to determine entry or exit points for trades.
How It Works
Select Timeframe
The trader can choose whether to calculate Fibonacci levels based on the high and low points of the previous day, previous week, or previous month.
This is selected using the timeframe_input input.
Examples:
"D" for the previous day
"W" for the previous week
"M" for the previous month
Calculate Price Range
The script calculates the price range using the high and low of the selected timeframe:
Formula: price_range = High - Low
Draw Fibonacci Levels
Retracements: Within the price range, Fibonacci levels such as 12%, 23%, 38%, 50%, 61%, 78%, and 88% are calculated. These help identify potential support or resistance zones.
Extensions: Beyond the price range, Fibonacci extensions such as 127%, 161%, 200%, 224%, and 241% are plotted to indicate potential breakout targets.
Visualization
The script plots lines and labels for each level.
These lines extend to the right, providing real-time guidance during trading.
Colors and line styles can be customized to match personal preferences.
How to Use as a Trading Aid
Use Fibonacci Retracements:
Use retracements (e.g., 38%, 50%, 61%) to identify potential support or resistance zones.
Example: If the price dropped sharply the previous day, the retracement levels could act as support during a rebound.
Use Fibonacci Extensions:
Extensions help identify price targets when the price breaks above or below the high or low of the previous day, week, or month.
Example: After a breakout above the previous week’s high, the 127% or 161% level could serve as a target.
Adjust Timeframe:
Choose the timeframe that suits your strategy:
Intraday traders can use the previous day’s high and low.
Swing traders might prefer the previous week.
Long-term traders could work with the previous month.
Example
A trader selects the weekly timeframe (W) to analyze the high and low of the previous week:
The script calculates the price range based on the high and low of the previous week.
Fibonacci retracements (e.g., 50% and 61%) are drawn to identify potential support zones.
Fibonacci extensions (e.g., 127% and 161%) help define price targets for a potential breakout above or below the range.
Bidirectional Momentum Aggregator w/ Time Weighting Intrabar Data Extraction:
The script optionally harnesses lower time frame data (e.g., per-second intervals) for high and low prices within each primary bar. You can set it to the current chart time but if you want to use intrabar data it uses the request.security_lower_tf() to properly pull intrabar data.
This fine-grained data enables an in-depth examination of the price action that occurs within a standard timeframe, enhancing the ability to detect subtle market movements.
A key threshold based on Average True Range (ATR) is used to measure significant price changes intrabar, adding a robust filter for volatility sensitivity.
Cumulative Time-to-Threshold Analysis:
The indicator tracks how long it takes for price changes to reach specified thresholds, marking critical time points when upward or downward price movements exceed these levels. This approach provides insights into the speed and intensity of directional shifts within the market.
The calculated time-to-threshold values act as temporal markers that influence subsequent momentum weighting.
Bidirectional Momentum Calculation:
Momentum is assessed in two directions (upward and downward) using a comprehensive array of price changes.
Adaptive Weighting Mechanism:
Each momentum value is weighted by the calculated time-to-threshold, giving preference to momentum that occurs more rapidly and aligning with potential breakout conditions.
The script also factors in correlations between momentum and price change, ensuring that only the most relevant signals contribute to the final analysis.
Iterative Length Analysis:
By iterating over a range of lengths (e.g., 100 to 200 periods), the script aggregates data to assess momentum across different time scales. This provides a more holistic view of market behavior, accommodating both short-term fluctuations and longer-term trends.
Each length is evaluated using moving averages and correlations to determine its contribution to the total weighted momentum.
Final Aggregated Output:
The weighted sums of upward and downward momentum are normalized by the total weight to produce a final composite metric.
The indicator plots these results as separate upward and downward momentum lines, offering traders a visual representation of which direction holds more momentum strength over various intervals.
Practical Application:
This indicator's advanced design is tailored for traders who require a deeper understanding of price movement dynamics and the underlying forces driving market momentum. By incorporating intrabar data, adaptive time-to-threshold calculations, and iterative analysis, this tool seeks to provide a clearer view of potential market direction shifts and their timing.
The indicator can be used to:
Identify potential breakout or reversal points by observing significant shifts in weighted momentum.
Gauge the relative strength of uptrends and downtrends through the plotted momentum lines.
Enhance decision-making with an additional layer of granularity from intrabar data.
In essence, this script is an ambitious attempt to blend multi-scale analysis, momentum dynamics, and time-weighted evaluation, creating a unique approach to understanding market behavior beyond conventional indicators.
Candle-Based Negative Space (Improved)This script visualizes the concept of negative space (when a candle closes below a defined baseline) and positive space (when a candle closes above the baseline) on a price chart. It uses user-defined inputs to configure the baseline and optionally includes a moving average for additional trend analysis. Below is a detailed explanation of the script and suggestions for improving its plotting.
Explanation of the Script
Purpose
The script helps traders visualize the relationship between price movements and a dynamically chosen baseline. The baseline can be based on:
The high/low of the previous candle.
The open/close of the current candle.
The "negative space" is calculated when the closing price is below the baseline, and the "positive space" is calculated when the closing price is above the baseline. The sum of these spaces over a period is plotted as a histogram to provide insights into market strength.
Adaptive Elliott Wave Probability with Time Analysis
Purpose
The indicator helps traders identify and analyze Elliott Wave Probabiliy, dynamically adjusting its sensitivity based on market conditions. By using time intervals between directional changes and validating wave patterns, it provides insights into market trends and their likelihood of continuation.
Configuration
The script includes configurable inputs for the user to adjust:
The sensitivity of wave detection using a zigzag percentage range.
The length of pivots to define significant price movements.
Incremental adjustments to refine wave detection dynamically.
Core Variables
The script uses various variables to store and analyze market data:
Adaptive zigzag percentages start from a baseline and adjust dynamically to reflect changing market conditions.
Time intervals and bar indices are recorded to calculate the duration between directional changes.
Likelihood values are assigned to uptrends and downtrends, normalized for comparison.
Wave Detection
The script detects directional changes in price by identifying pivot highs and lows:
A pivot high is a local peak in the price chart, while a pivot low is a local trough.
Once a directional change is identified, the time interval since the last change is calculated and stored for further analysis.
Wave Validation
The script validates wave patterns using predefined rules. For example:
A valid wave may require that each subsequent time interval in a sequence is greater than the previous one.
This ensures that detected waves adhere to a logical progression, reflecting realistic market movements.
Adaptive Logic
The zigzag percentage adjusts dynamically based on the time intervals between directional changes. This allows the indicator to adapt to different market conditions, ensuring it remains effective during both high and low volatility periods.
Likelihood Calculation
This is calculated by identifying all of the current valid/verified waves in every every zigzag percentage and express the ratio as a percentage/probability
These likelihoods are normalized to ensure they sum to 100%, allowing for direct comparison.
The values are visually plotted on the indicator panel for clarity.
Visualization
The indicator plots:
Uptrend likelihood as a green line.
Downtrend likelihood as a red line.
These plots provide a visual representation of market trends and their potential continuation, helping traders make informed decisions.
Summary
This Adaptive Elliott Wave Indicator provides a robust tool for analyzing market trends and patterns. By dynamically adjusting its parameters and validating wave patterns, it adapts to changing market conditions and provides actionable insights into the likelihood of future price movements. Its visual outputs make it an accessible and effective tool for traders seeking to incorporate Elliott Wave theory into their strategies
Swing-Based VWAPSwing-Based VWAP
Summary:
The "Swing-Based VWAP" indicator enhances traditional VWAP calculations by incorporating swing-based logic. It dynamically adapts to market conditions by identifying key swing highs and lows and calculating VWAP levels around these pivot points. This makes it a versatile tool for traders seeking actionable price insights.
Explanation:
What is Swing-Based VWAP?
The Swing-Based VWAP is a modified version of the Volume-Weighted Average Price (VWAP). It calculates VWAP not only for a chosen timeframe (e.g., session, week) but also adapts dynamically to market swings. By identifying swing highs and lows, it offers more precise levels for potential price action.
Unique Features:
1. Dynamic Swing Integration:
- Uses pivot points to determine significant price levels.
- Calculates VWAP based on these points to adapt to market trends.
2. User-Friendly Settings:
- Includes options to hide VWAP on higher timeframes for chart clarity.
- Flexible swing size input for adjusting sensitivity.
How to Use:
1. Configuring Swing Settings:
- Use the "Swing Setting" input to determine the sensitivity of swing detection.
- Higher values identify broader swings, while smaller values capture more granular movements.
2. Enabling/Disabling VWAP:
- Toggle VWAP visibility using the "Use VWAP" option.
- The "Hide VWAP on 1D or Above" setting lets you control visibility on higher timeframes.
3. Anchor Period:
- Select your preferred anchoring period (e.g., session, week) to match your trading style.
4. Adjusting the Data Source:
- Use the "Source" input to select the price source (default: HLC3).
5. Visualizing Swing-Based VWAP:
- The script plots a dynamic VWAP line based on detected swing points.
- This line highlights average price levels weighted by volume and swing pivots.
First-Principles Market Structure Explorer - Impulse Finder The goal of this script is to identify meaningful impulses instead of trying to find the trend by looking at volume asymmetry.
The assumption going into making this was that the market is nothing more than impulses followed by directional drift with those impulses eating up large amounts of liquidity in short periods letting drift have a direction.
The First-Principles Market Structure Explorer is a sophisticated TradingView indicator designed to analyze market dynamics by identifying significant price clusters, measuring volatility asymmetry, and evaluating price acceleration. By focusing on fundamental market principles, it provides traders with insights into potential support and resistance zones, as well as the strength of price movements away from these zones.
Key Features:
Price-Level Clustering: Segments recent price data into user-defined bins, assessing volume and time within each bin to identify significant price clusters.
Volatility Analysis: Calculates the standard deviation of price changes over a specified lookback period, distinguishing between upward and downward movements to determine volatility asymmetry.
Price Acceleration Measurement: Computes price acceleration by analyzing changes in price velocity, offering insights into the momentum behind price movements.
Bounce Strength Evaluation: Measures the strength of price movements after exiting significant clusters, aiding in the assessment of breakout or reversal potential.
How to Use:
Configure Input Parameters:
Lookback Length for Clustering: Defines the number of bars to consider for clustering analysis.
Volatility Lookback: Sets the period over which volatility is calculated.
Price Bin Width for Clustering: Determines the granularity of price bins used in clustering.
Min Volume Std Dev for Cluster Significance: Specifies the threshold for a cluster to be considered significant based on volume.
Min Time Persistence Bars: Sets the minimum number of bars a price must remain within a bin to qualify as a persistent zone.
Bounce Strength Lookahead Bars: Defines the number of bars to evaluate after exiting a cluster to measure bounce strength.
Interpret the Plots:
Horizontal Lines: Represent significant price clusters, with color intensity indicating relative volume at each level.
Volatility Asymmetry Plot: Shows the difference between upward and downward volatility, highlighting directional bias.
Bounce Strength Plot: Measures the strength of price movement after leaving a cluster, assisting in evaluating breakout potential.
Limitations:
Historical Analysis: The indicator analyzes past data and may not predict future market movements with certainty.
Parameter Sensitivity: Results can vary significantly based on input parameters; users should adjust settings to align with their specific trading strategies and market conditions.
Notes:
Ensure that the max_labels_count and max_lines_count parameters are set appropriately to accommodate the plotting needs of this script.
Regularly update input parameters to reflect changing market dynamics and maintain the relevance of the analysis.
This indicator is a powerful tool for traders seeking to understand market structure through first-principles analysis, offering a blend of volume, volatility, and price action insights to inform trading decisions.
Market Movement After OpenDescription:
This script provides a detailed visualization of market movements during key trading hours: the German market opening (08:00–09:00 UTC+1) and the US market opening (15:30–16:30 UTC+1). It is designed to help traders analyze price behavior in these critical trading periods by capturing and presenting movement patterns and trends directly on the chart and in an interactive table.
Key Features:
Market Movement Analysis:
Tracks the price movement during the German market's first hour (08:00–09:00 UTC+1) and the US market's opening session (15:30–16:30 UTC+1).
Analyzes whether the price moved up or down during these intervals.
Visual Representation:
Dynamically colored price lines indicate upward (green) or downward (red) movement during the respective periods.
Labels ("DE" for Germany and "US" for the United States) mark key moments in the chart.
Historical Data Table:
Displays the past 10 trading days' movement trends in an interactive table, including:
Date: Trading date.
German Market Movement: Up (▲), Down (▼), or Neutral (-) for 08:00–09:00 UTC+1.
US Market Movement: Up (▲), Down (▼), or Neutral (-) for 15:30–16:30 UTC+1.
The table uses color coding for easy interpretation: green for upward movements, red for downward, and gray for neutral.
Real-Time Updates:
Automatically updates during live trading sessions to reflect the most recent movements.
Highlights incomplete periods (e.g., ongoing sessions) to indicate their status.
Customizable:
Suitable for intraday analysis or broader studies of market trends.
Designed to overlay directly on any price chart.
Use Case:
This script is particularly useful for traders who focus on market openings, which are often characterized by high volatility and significant price movements. By providing a clear visual representation of historical and live data, it aids in understanding and capitalizing on market trends during these critical periods.
Notes:
The script works best when the chart is set to the appropriate timezone (UTC+1 for the German market or your local equivalent).
For precise trading decisions, consider combining this script with other technical indicators or trading strategies.
Feel free to share feedback or suggest additional features to enhance the script!
ATR Multi-Timeframe (Trend Direction + Current Levels) Indicator Name
ATR Multi-Timeframe (Trend Direction + Current Levels)
Description
This indicator helps you visualize support and resistance levels based on the Average True Range (ATR) and track the current trend direction across multiple timeframes (daily, weekly, and monthly). It is a valuable tool for traders looking to enhance decision-making and market volatility analysis.
Key Features
Multi-Timeframe ATR Analysis:
Calculates the Average True Range (ATR) and True Range (TR) for daily, weekly, and monthly timeframes.
Trend Direction Indicators:
Displays trend direction using arrows (▲ for uptrend, ▼ for downtrend) with color-coded labels (green for uptrend, red for downtrend).
Support and Resistance Levels:
Dynamically calculates trend levels (Open ± ATR) and opposite levels for each timeframe.
Persistent lines extend these levels into the future for better visualization.
Customizable Settings:
Toggle visibility of daily, weekly, and monthly levels.
Adjust line width and colors for each timeframe.
Summary Table:
Displays a compact table showing ATR percentages, TR percentages, and trend direction for all timeframes.
Why Use This Indicator?
Quickly identify key support and resistance levels across different timeframes.
Understand market volatility through ATR-based levels.
Spot trends and reversals with easy-to-read visual elements.
How to Use:
Add the indicator to your chart.
Enable or disable specific timeframes (Daily, Weekly, Monthly) in the settings.
Adjust line styles and colors to match your preferences.
Use the displayed levels to plan entry/exit points or manage risk.
This indicator is perfect for both swing and intraday traders who want a clear and dynamic view of volatility and trend across multiple timeframes.
