Multi-Timeframe Candle Analysis [by Oberlunar]Multi-Timeframe Candle Analysis
Scalping often requires traders to make rapid decisions based on price movements within a short timeframe. However, a key challenge is understanding the broader trend and market pressure across higher timeframes without cluttering the workspace with multiple charts. This can lead to a lack of clarity, missed opportunities, or poorly timed trades.
The Multi-Timeframe Candle Analysis script addresses this challenge by providing a consolidated view of essential information across multiple timeframes in a single interface. This script calculates and displays the volatility, strength, and type (bullish or bearish) of candles for up to six customizable timeframes. With this data presented in a neat table, traders can quickly assess market conditions without the need to open multiple charts.
How It Works
The script analyzes six user-defined timeframes, ranging from intraday intervals (e.g., 15 or 30 minutes) to daily or even weekly periods. It extracts critical data such as open, high, low, and close prices for the current and previous candles. From this data, the script computes:
Candle Type: Identifies whether the candle is bullish or bearish based on the close relative to the open.
Volatility Percentage Change: Measures the percentage change in candle volatility compared to the previous candle.
Candle Strength: Evaluates the strength of price movements within the candle relative to the previous one.
These metrics are organized into an easy-to-read table that updates dynamically as the market moves. The table color codes bullish and bearish candles for quick visual recognition, enhancing decision-making speed.
Wskaźniki i strategie
3 EMA Cross 9 EMA with Close ConfirmationThe 3x Exponential Moving Average Crosses the 9x Exponential Moving Average. Once the 3x closes above the 9x and then a subsequent candle closes above the 9x, this strategy goes long. This strategy exits once the candle closes below the 9x.
MM8 Advanced Regression HistogramMM8 Advanced Regression Histogram
Description :
The MM8 Advanced Regression Histogram is a professional-grade TradingView script that combines regression analysis with intuitive visual elements. This tool is designed to help traders identify key price trends, support/resistance zones, and volatility areas in a more efficient and visually appealing manner.
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Key Features:
1. Dynamic Regression Channel:
- Automatically calculates and plots regression channels based on the selected length.
- Uses a customizable multiplier to adjust the channel width, allowing users to adapt to different market conditions.
2. Histogram Visualization:
- Divides the regression channel into customizable bins, helping traders see price distribution across the channel.
- Histogram bars are color-coded to provide clear insights into price activity.
3. Gradient Coloring:
- Smooth gradient colors shift from **blue (upper zone)** to **white (midpoint)** and **red (lower zone)**, giving traders an immediate visual cue about price positioning within the channel.
4. Customizable Style Options:
- Adjustable line styles (solid, dashed, dotted) for regression lines.
- Flexible histogram visibility and color options to suit individual preferences.
5. Real-time Adaptability:
- Automatically updates as new bars are formed, ensuring traders always have the most up-to-date analysis.
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How to Use:
1. Apply the script to any standard candlestick chart
2. Adjust the Length parameter to define the number of candles for regression calculation.
3. Set the Bins Number to divide the channel into segments that suit your trading strategy.
4. Customize the Multiplier to adjust the channel width according to market volatility.
5. Toggle the histogram display and adjust its colors for better visualization.
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Best For:
- Day traders and swing traders looking for precise price analysis tools.
- Traders interested in combining regression analysis with visual histogram insights.
- Identifying key support/resistance zones and potential breakout levels.
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Important Notes:
- This script is designed for educational purposes and should not be used as a standalone trading signal.
- Ensure proper risk management and market understanding while using this tool.
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Why MM8 Advanced Regression Histogram Stands Out:
This script provides a seamless blend of mathematical accuracy and visual simplicity, making it an excellent choice for traders who value both precision and usability.
Quadruple Moving AverageThe Quadruple MA indicator plots four customizable moving averages on your TradingView chart, helping you identify trends, potential reversals, and dynamic support/resistance levels. Each MA's length, type (SMA, EMA, SMMA, WMA, VWMA), color, and line thickness are configurable.
How it Works:
This indicator calculates four MAs based on user-defined parameters:
Length: Periods used in the calculation (defaults: 8, 21, 50, 100).
Type: Moving average type: SMA, EMA (default), SMMA, WMA, or VWMA.
Color: Line color for easy identification (defaults: White, Red, Yellow, Blue).
Uses for Traders:
Trend Identification:
Upward-sloping MAs = Uptrend
Downward-sloping MAs = Downtrend
Shorter MAs above longer MAs = Bullisha
Shorter MAs below longer MAs = Bearish
Crossover Signals:
Golden Cross: Shorter MA crosses above longer MA (Bullish)
Death Cross: Shorter MA crosses below longer MA (Bearish)
Dynamic Support and Resistance: Prices may bounce off or break through moving averages, indicating support or resistance.
Trend Strength: Steeper MA slopes suggest stronger trends.
Multiple Timeframe Analysis: Different MA lengths allow simultaneous analysis of multiple timeframes on one chart.
Advantages:
Highly Customizable: Tailor settings to your trading style.
Versatile: Identify trends, crossovers, support/resistance, and analyze multiple timeframes.
Less indicators on your chart
Multiple MA Types: Choose from SMA, EMA, SMMA, WMA, and VWMA.
Disclaimer:
Combine the Quadruple MA with other forms of analysis. No indicator is perfect, and false signals can occur. Always practice proper risk management and backtest your strategies.
The Quadruple MA is a powerful, customizable tool for analyzing price trends. Experiment with the settings to find what works best for you!
Refined MACD Heikin Ashi Indicator v1.1MACD Golden/Death cross Buy/Sell indicator working with Heikin Ashi candles with refined accuracy, with stoploss of atr x1.75
Dynamic ATR Levels (Last Bar Only)Dynamic ATR Levels (Last Bar Only)
This script uses the ATR (Average True Range) indicator to create dynamic support and resistance levels for a specified timeframe. Key features include:
1. ATR Calculation: The script calculates the ATR value based on the user-defined timeframe and lookback period.
2. Dynamic Levels: Support and resistance levels are calculated by adding and subtracting the ATR value to/from the current closing price.
3. Last Bar Execution: Support and resistance levels are displayed only on the last bar of the chart.
4. Labels: The levels are displayed as labels on the chart, positioned to the right side of the price.
This indicator helps traders quickly identify volatility-based support and resistance levels.
Indicador Radial com Visualização de Graus ( versão de teste )Indicador baseado em graus para captar movimentos de liquidez do mercado( associado ao RSI)
Monthly Performance by YearYıllar boyunca aylık ısı haritası
Tüm zamanların zirveye olan uzaklık
Tablo gösterimlerini kapat - aç
Etiket gösterimini kapat aç
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Monthly heatmap over the years
Distance to all-time peak
Close - open table display
Close label display open
Support and Resistance Levels TP/SLSupport and resistance levels are critical concepts in trading, often used to set Take Profit (TP) and Stop Loss (SL) levels. Here's a guide to effectively determine these levels:
1. Identifying Support and Resistance Levels
- Support Level: A price level where demand is strong enough to prevent the price from falling further. Think of it as a floor.
- Resistance Level: A price level where selling pressure is strong enough to prevent the price from rising further. Think of it as a ceiling.
Methods to Identify Levels:
- Horizontal Lines: Use historical price data to find levels where prices frequently reversed.
- **Trendlines**: Draw diagonal lines connecting higher lows (support) or lower highs (resistance).
- Fibonacci Retracement: Calculate levels based on key Fibonacci ratios (e.g., 23.6%, 38.2%, 61.8%).
- Moving Averages: Identify dynamic support and resistance based on moving average levels.
- Volume Profile: Spot areas of high trading activity, which often act as support or resistance.
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2. Setting Take Profit (TP) Levels
- Conservative Approach: Place the TP level slightly below a resistance level to ensure execution.
- Aggressive Approach: Target higher levels, considering momentum and trend strength.
Example:
- Resistance at $50.
- Set TP at $49.80 to account for slippage or premature reversals.
3. Setting Stop Loss (SL) Levels
- Below Support: For long trades, set the SL slightly below the identified support level.
- Above Resistance: For short trades, set the SL slightly above the resistance.
Example:
- Support at $45.
- Set SL at $44.80 to allow for minor price fluctuations.
4. Risk-Reward Ratio
- Aim for at least a 1:2 risk-reward ratio (e.g., risk $1 to gain $2).
- Calculate TP and SL levels accordingly to maintain this balance.
5. Adjusting for Market Conditions
- Volatile Markets: Widen TP and SL levels to account for larger price swings.
- Stable Markets: Use tighter levels for precise risk management.
6. Automating TP/SL
- Use trading platforms to automate TP/SL placements, ensuring discipline and emotional control.
Would you like help applying this to a specific scenario or chart?
Multi SMA EMA VWAP1. Moving Average Crossover
This is one of the most common strategies with moving averages, and it involves observing crossovers between EMAs and SMAs to determine buy or sell signals.
Buy signal: When a faster EMA (like a short-term EMA) crosses above a slower SMA, it can indicate a potential upward movement.
Sell signal: When a faster EMA crosses below a slower SMA, it can indicate a potential downward movement.
With 4 EMAs and 5 SMAs, you can set up crossovers between different combinations, such as:
EMA(9) crosses above SMA(50) → buy.
EMA(9) crosses below SMA(50) → sell.
2. Divergence Confirmation Between EMAs and SMAs
Divergence between the EMAs and SMAs can offer additional confirmation. If the EMAs are pointing in one direction and the SMAs are still in the opposite direction, it is a sign that the movement could be stronger and continue in the same direction.
Positive divergence: If the EMAs are making new highs while the SMAs are still below, it could be a sign that the market is in a strong trend.
Negative divergence: If the EMAs are making new lows and the SMAs are still above, you might consider that the market is in a downtrend or correction.
3. Using EMAs as Dynamic Support and Resistance
EMAs can act as dynamic support and resistance in strong trends. If the price approaches a faster EMA from above and doesn’t break it, it could be a good entry point for a long position (buy). If the price approaches a slower EMA from below and doesn't break it, it could be a good point to sell (short).
Buy: If the price is above all EMAs and approaches the fastest EMA (e.g., EMA(9)), it could be a good buy point if the price bounces upward.
Sell: If the price is below all EMAs and approaches the fastest EMA, it could be a good sell point if the price bounces downward.
4. Combining SMAs and EMAs to Filter Signals
SMAs can serve as a trend filter to avoid trading in sideways markets. For example:
Bullish trend condition: If the longer-term SMAs (such as SMA(100) or SMA(200)) are below the price, and the shorter EMAs are aligned upward, you can look for buy signals.
Bearish trend condition: If the longer-term SMAs are above the price and the shorter EMAs are aligned downward, you can look for sell signals.
5. Consolidation Zone Between EMAs and SMAs
When the price moves between EMAs and SMAs without a clear trend (consolidation zone), you can expect a breakout. In this case, you can use the EMAs and SMAs to identify the direction of the breakout:
If the price is in a narrow range between the EMAs and SMAs and then breaks above the fastest EMA, it’s a sign that an upward trend may begin.
If the price breaks below the fastest EMA, it could indicate a potential downward trend.
6. "Golden Cross" and "Death Cross" Strategy
These are classic strategies based on crossovers between moving averages of different periods.
Golden Cross: Occurs when a faster EMA (e.g., EMA(50)) crosses above a slower SMA (e.g., SMA(200)), which suggests a potential bullish trend.
Death Cross: Occurs when a faster EMA crosses below a slower SMA, which suggests a potential bearish trend.
Additional Recommendations:
Combining with other indicators: You can combine EMA and SMA signals with other indicators like the RSI (Relative Strength Index) or MACD (Moving Average Convergence/Divergence) for confirmation and to avoid false signals.
Risk management: Always use stop-loss and take-profit orders to protect your capital. Moving averages are trend-following indicators but don’t guarantee that the price will move in the same direction.
Timeframe analysis: It’s recommended to use different timeframes to confirm the trend (e.g., use EMAs on hourly charts along with SMAs on daily charts).
VWAP
1. VWAP + EMAs for Trend Confirmation
VWAP can act as a trend filter, confirming the direction provided by the EMAs.
Buy Signal: If the price is above the VWAP and the EMAs are aligned in an uptrend (e.g., short-term EMAs are above longer-term EMAs), this indicates that the trend is bullish and you can look for buy opportunities.
Sell Signal: If the price is below the VWAP and the EMAs are aligned in a downtrend (e.g., short-term EMAs are below longer-term EMAs), this suggests a bearish trend and you can look for sell opportunities.
In this case, VWAP is used to confirm the overall trend. For example:
Bullish: Price above VWAP, EMAs aligned to the upside (e.g., EMA(9) > EMA(50) > EMA(200)), buy.
Bearish: Price below VWAP, EMAs aligned to the downside (e.g., EMA(9) < EMA(50) < EMA(200)), sell.
2. VWAP as Dynamic Support and Resistance
VWAP can act as a dynamic support or resistance level during the day. Combining this with EMAs and SMAs helps you refine your entry and exit points.
Support: If the price is above VWAP and starts pulling back to VWAP, it could act as support. If the price bounces off the VWAP and aligns with bullish EMAs (e.g., EMA(9) crossing above EMA(50)), you can consider entering a buy position.
Resistance: If the price is below VWAP and approaches VWAP from below, it can act as resistance. If the price fails to break through VWAP and aligns with bearish EMAs (e.g., EMA(9) crossing below EMA(50)), it could be a good signal for a sell.
cme big boyKết luận chiến lược:
1. Hỗ trợ:
o Vùng 2620 (OGF5): Tận dụng cơ hội mua khi thị trường kỳ vọng phục hồi ngắn hạn.
2. Kháng cự:
o Vùng 2640 (OGG5): Xem xét bán khống khi có dấu hiệu suy yếu.
o Vùng 2650 (OGF5 & OGG5): Đây là mức giá quan trọng, cần theo dõi sát để thực hiện chiến lược Buy nếu giá vượt kháng cự.
13 EMA Cross - Next Day High/Low//@version=6
indicator("13 EMA Cross - Next Day High/Low", overlay=true)
// Inputs for EMAs
length1 = input.int(13, title="Short EMA (13 EMA)")
length2 = input.int(34, title="Long EMA (34 EMA)")
// Input for support line properties
supportColor = input.color(#A52A2A, title="Support Line Color") // Brown color
lineWidth = input.int(2, title="Line Width")
// Calculate EMAs
ema13 = ta.ema(close, length1)
ema34 = ta.ema(close, length2)
// Detect Crosses
crossAbove = ta.crossover(ema13, ema34)
crossBelow = ta.crossunder(ema13, ema34)
// Track when a crossover happens
var float nextDayHigh = na
var float nextDayLow = na
var int crossoverBarIndex = na
if crossAbove or crossBelow
crossoverBarIndex := bar_index
nextDayHigh := na
nextDayLow := na
// Capture next day candle's high and low after crossover
if bar_index == crossoverBarIndex + 1
nextDayHigh := high
nextDayLow := low
// Draw horizontal lines at the next day's high and low
if not na(nextDayHigh) and not na(nextDayLow)
line.new(x1=crossoverBarIndex + 1, y1=nextDayHigh, x2=bar_index, y2=nextDayHigh, color=supportColor, width=lineWidth)
line.new(x1=crossoverBarIndex + 1, y1=nextDayLow, x2=bar_index, y2=nextDayLow, color=supportColor, width=lineWidth)
RSI + Bullish zone overlayThis is an RSI with a green zone for bullish price action, and red zones for overbought and non ideal entry points.
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.
Awesome Oscillator Twin Peaks Strategy
1. The indicator identifies both bullish and bearish twin peaks:
- Bullish: Two consecutive valleys below zero, where the second valley is higher than the first
- Bearish: Two consecutive peaks above zero, where the second peak is lower than the first
2. Visual elements:
- AO histogram with color-coding for increasing/decreasing values
- Triangle markers for confirmed twin peak signals
- Zero line for reference
- Customizable colors through inputs
3. Built-in safeguards:
- Minimum separation between peaks to avoid false signals
- Maximum time window for pattern completion
- Clear signal reset conditions
4. Alert conditions for both bullish and bearish signals
To use this indicator:
1. Add it to your TradingView chart
2. Customize the input parameters if needed
3. Look for triangle markers that indicate confirmed twin peak patterns
4. Optional: Set up alerts based on the signal conditions
Price Action Indicators (LinaMorningStar)The one i developed 22.Dec.2024
It's indicator that use to predict if the market is bullish or bearish using price action indicators like SMA and Support and Resistance and RSI and EMA
ICT RyukEste indicador mostra:
- Principais horários de atuação dos principais mercados do mundo
- Dias da semana
- Fair value Gaps que não foram rebalanceados
O objetivo deste indicador é poder apresentar um contexto ao trade, nos dando a possibilidade de filtrar movimentos e procurar por setups de alta probabilidade. É necessário prévio conhecimento em ICT concepts como Killzones, Power o Three, IDM, Daily bias, liquidity grab, PdArray, Sweeps, etc.
Operar durante o horário das killzones nos darão uma margem maior de segurança. Elas são reflexos da economia, e atuam juntamente com o algoritmo que controla o mercado. Atente-se ao AMD (acumulação, manipulação e distribuição) do Power of Three do semanal e do diário. Observe o Open and Close, High and Low das killzones, junte todos os conceitos do ICT e filtre seus trades, atente-se ao range Semanal e Diario, ao Optimal Trading Zone (62%-78% do movimento), aos sweeps e IDM nos PdArrays e em zonas de liquidez.
Horário de atuação das bolsas:
Domingo das 17:00 às 18:00 de sexta-feira (brasília), sendo
Nova Iorque segunda à sexta: 9:00-13:00 | 15:00-18:00
Sydney Domingo à quinta: 17:00-21:00
Ásia Domingo à quinta: 21:00-01:00
ARIA_Volume20SMAThis strategy is based on volumes and SMA, we attempt to identify when institutional activity comes into the counter and ride the direction
Benzer Mumlar Bulucu (4 Saatlik)//@version=5
indicator("Benzer Mumlar Bulucu (4 Saatlik)", overlay=true)
// Mum özellikleri
body_size = math.abs(close - open) // Mumun gövde büyüklüğü
upper_wick = high - math.max(close, open) // Üst fitil uzunluğu
lower_wick = math.min(close, open) - low // Alt fitil uzunluğu
candle_range = high - low // Mumun toplam uzunluğu
// Benzerlik eşiği (kendi kriterlerinize göre değiştirebilirsiniz)
body_threshold = 0.2 // Gövde uzunluğunun toplam mum aralığına oranı (örneğin %20)
wick_threshold = 0.1 // Fitil uzunluğunun toplam mum aralığına oranı (örneğin %10)
// Benzer mum tespiti
is_similar = (body_size <= (candle_range * body_threshold)) and
(upper_wick <= (candle_range * wick_threshold)) and
(lower_wick <= (candle_range * wick_threshold))
// Grafikte işaretleme
plotshape(is_similar, style=shape.triangleup, location=location.abovebar, color=color.green, size=size.small, title="Benzer Mum")
RSI+EMA+MZONES with DivergencesFeatures:
1. RSI Calculation:
Uses user-defined periods to calculate the RSI and visualize momentum shifts.
Plots key RSI zones, including upper (overbought), lower (oversold), and middle levels.
2. EMA of RSI:
Includes an Exponential Moving Average (EMA) of the RSI for trend smoothing and confirmation.
3. Bullish and Bearish Divergences:
Detects Regular divergences (labeled as “Bull” and “Bear”) for classic signals.
Identifies Hidden divergences (labeled as “H Bull” and “H Bear”) for potential trend continuation opportunities.
4. Customizable Labels:
Displays divergence labels directly on the chart.
Labels can be toggled on or off for better chart visibility.
5. Alerts:
Predefined alerts for both regular and hidden divergences to notify users in real time.
6. Fully Customizable:
Adjust RSI period, lookback settings, divergence ranges, and visibility preferences.
Colors and styles are easily configurable to match your trading style.
How to Use:
RSI Zones: Use RSI and its zones to identify overbought/oversold conditions.
EMA: Look for crossovers or confluence with divergences for confirmation.
Divergences: Monitor for “Bull,” “Bear,” “H Bull,” or “H Bear” labels to spot key reversal or continuation signals.
Alerts: Set alerts to be notified of divergence opportunities without constant chart monitoring.