Market structure intraday ES futures strategy - BuySell ZonesThis market structure strategy for ES Mini Futures optimized for intraday market analysis ( RTH ).
Entry condition identified by bearish and bullish market structure.
Support level (Green Lines) is identified based on different variations of price fluctuations followed by the close above the range.
Resistance level (Red Lines) is identified based on different variations of price fluctuations followed by the close below the range.
The idea is to spot areas where market players were fighting for the best price and one side finally won.
Bullish trend is identified by consecutive series of support levels developing in upside direction.
Bearish trend is identified by consecutive series of resistance levels developing in downside direction.
When market develops bullish trend , strategy sets LONG limit order at fresh support level .
When market develops bearish trend , strategy sets SHORT limit order at fresh resistance level .
If there is an open position no new entries are performed.
For longs initial stop is set at previous support level adjusted by ATR.
For shorts stop is set at previous resistance level adjusted by ATR.
Stop trailing is also based on market structure.
If new support level is identified, stop moves to previous support level .
If new resistance level is identified, stop moves to previous resistance level .
There are no target. Strategy either gets stopped at current stop level or exits at session end.
Strategy calculates position size based on the previous market structure and ATR.
Strategy performs compounding position sizing so as account amount increases so does amount of traded contracts.
Usage:
Add script to your favorites and apply it on ES1! 1 minute time frame setting regular trading hours.
Script will print the limit order as well as stop levels according to the rules described above. As trade will progress, script will print levels to move the stop to.
Settings:
I added an option to disable the support and resistance lines printing if you prefer to have clean charts.
You can also change risk % to best fit your trading style.
If you just want to use the support and resistance levels as indicator you can also disable the strategy execution.
Support and Resistance indicator itself is universal and can be used on any market or timeframe.
If you want the strategy to be optimized for other markets or timeframes or have other rule set in mind feel free PM me, we will create the solution that best fits your needs and styles.
Real life trading is not get rich scheme. It is continuous process that involves various steps and dedication. If you are willing to take this path please PM me to enable the strategy for you.
Enjoy!
Wsparcie i Opór
[_ParkF]FractalTop gray line is the fractal resistance.
Bottom gray line is the fractal support.
Central red line is the average of the top&bottom fractal.
Fractals can be displayed as support and resistance, and the red fractal average line indicates a trend.
상단 회색선은 프랙탈 저항,
하단 회색선은 프랙탈 지지,
중앙 빨간선은 프랙탈 상,하단의 평균,
프랙탈은 지지와 저항으로 표시되고 빨간색 프랙탈 평균선은 추세입니다.
it is a simple Ma cross alert. We can set any ma period.Simple alert for 20MA cross. We can set any ma period.
it plots the crossing candle. This script is purely testing purpose.
Multi-TimeFrame Extremum Points Support/ResistanceIntroduction
This is my newest Support/Resistance indicator based on the idea of my previous script which had been featured in Editors' Picks .
Everyone seems to have their own idea of how you should measure support and resistance levels. This code finds the exact highest and lowest price points (Extrema) on the chart and then draws the support and resistance levels on them.
In my opinion, the advantage of this method is that the most powerful resistance/support levels which usually cover the supply/demand areas would be formed on these extremum points, as the following facts state.
Facts
1. Support and resistance levels are one of the key concepts used by technical analysts and form the basis of a wide variety of technical analysis tools. Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend.
2. Supply and demand zones are natural support and resistance levels and a popular analysis technique used in day trading. The zones are the periods of sideways price action that come before explosive price moves. A supply zone forms before a downtrend and a demand zone forms before an uptrend. When the price leaves the supply/demand zone and starts trending, the strong imbalance between buyers and sellers leads to strong and explosive price movements.
3. Based on Dow Theory, trends persist until a clear reversal occurs. A reversal is a change in the price direction of an asset. Reversals typically refer to large price changes, where the trend changes direction.
Challenges
The most challenging part in implementing a S/R indicator which draws all the levels on the chart is the problem of congestion!
But we should notice two other facts:
1. The more times the price tests a support or resistance area, the more significant the level becomes.
2. A previous support level will sometimes become a resistance level when the price attempts to move back up, and conversely, a resistance level will become a support level as the price temporarily falls back.
So, I solved the problem using these two approaches:
Merging nearby levels and showing the role of the levels in colors and numbers
Avoiding many weaker levels by checking higher time frames
Settings and Usage
There are some options in the indicator settings as described below:
Calculations Time Frame: By changing the time frame, user could keep only the stronger S/R levels on the chart.
Level Colors: By default, lowest points (Supports) are green, highest points (Resistances) are red and merged levels are blue. Note that the transparency of the colors would be calculated automatically; The more opaque the color is, the stronger the level is!
Lines Style and Width: The style of the levels could be solid, dashed or dotted and user could also change the lines width in pixels.
Length of the lines: This option is based on the count of bars, but user could simply choose to extend the levels
Merge Nearby Levels: The proximity of the levels would be calculated automatically based on ATR (Average True Range) and the default length of the formula could be changed.
Labels: Each level could have a label consisting the count of merged levels into one, the percentage of merged supports/resistances and the price of the level. Note that if user choose to see the percentage of S/R roles, the color of each label changes automatically based on the main role of corresponding merged level (e.g., a blue level with a red label means that the level more acted as resistance).
I think the users of my previous S/R indicators could check this one
That's it for now! Feel free to send me your thoughts!
[UPRIGHT Trading] Auto-Trendlines Pro (cc)Hello Traders -
Today I am releasing a full-featured auto-trendline indicator.
This makes it easier for beginners and professionals alike to analyze a charts trending support and resistance.
What are Trendlines and why do we use them?
In short, a trendline is a diagonal line that connects to two or more price points on a chart to show the current direction of price. These are used to identify and confirm trend direction in technical analysis and show support and resistance points.
Utilizing pivot points and different calculations for sources we're able to create the trendlines; with adjustable slopes (or just use of proprietary calculations) we are able to make these lines to line up with the current trend.
How it's different:
Accurate auto-drawn calculated trendlines.
Fully customizable - the ability to adjust the trendlines easily to exact specifications with every type of trader in mind.
Can be used to spot long trend as well as short, by adjusting length or using extend both to see previous pivots it's touched.
Then retracted, for perfect long trend.
Can show old trendlines for analysis (click image to see).
Auto-labels Higher-Highs, Higher-Lows, Lower-Highs, Lower-Lows at pivots.
Lining up trendlines with Break signals can help provide more accurate trendlines (potentially teaching) beginners how to draw them better.
Signature double trendline set.
Also notice the additional sell/buy signals (shown above).
Squeeze / Low-float mode adjusts to fit big moves.
Adjust the opacity to hide or fade a line (as seen above).
Pre-filled alerts for breakouts / breakdowns.
Please see author instructions for access.
Cheers,
Mike
(UPRIGHT Trading)
TRADING MADE SIMPLEThis indicator shows market structure. The standard method of using Williams Highs and Lows as pivots, is something of an approximation.
What's original here is that we follow rules to confirm Local Highs and Local Lows, and strictly enforce that a Low can only follow a confirmed High and vice-versa.
-- Highs and Lows
To confirm a candle as a Local High, you need a later candle to Close below its Low. To confirm a Local Low, you need a Close above its High.
A Low can only follow a High (after it's been confirmed). You can't go e.g High, High, Low, Low, only High, Low, High, Low.
When price makes Higher Highs and Higher Lows, market structure is said to be bullish. When price makes Lower Lows and Lower Highs, it's bearish.
I've defined the in-between Highs and Lows as "Ranging", meaning, neutral. They could be trend continuation or reversal.
-- Bullish/Bearish Breaks
A Bullish break in market structure is when the Close of the current candle goes higher than the previous confirmed Local High.
A Bearish Break is when the Close of the current candle goes lower than the most recent confirmed Local Low.
I chose to use Close rather than High to reduce edge case weirdness. The breaking candle often ends up being a big one, thus the close of that candle can be a poor entry.
You can get live warnings by setting the alert to Options: Only Once, because during a candle, the current price is taken as the Close.
Breaks are like early warnings of a change in market bias, because you're not waiting for a High or Low to be formed and confirmed.
Buy The Dip / Sell The Rally
Buy The Dip is a label I gave to the first Higher Low in a bullish market structure. Sell The Rally is the first Lower High in a bearish market structure.
These *might* be good buying/selling opportunities, but you still need to do your own analysis to confirm that.
== USAGE ==
The point of knowing market structure is so you don't make bullish bets in a bearish market and vice versa -
or if you do at least you're aware that that's what you're doing, and hopefully have some overwhelmingly good reason to do so.
These are not signals to be traded on their own. You still need a trade thesis. Use with support & resistance and your other favourite indicators.
Works on any market on any timeframe. Be aware that market structure will be different on different timeframes.
IMPORTANT: If you're not seeing what you expect, check your settings and re-read this entire description carefully. Confirming Highs and Lows can get deceptively complex.
BB Order BlocksUsing the Bollinger Band to mark areas of Support and Resistance
The scrip finds the highest and lowest levels of the bands to mark up futures areas of interest.
If the High/Lows are being broken on the Bollinger band, or if the look back range has expired without finding new levels, the script will stop plotting them until new levels are found
I have found many combinations which work well
Changing the band length to to levels 20,50,100 or 200 seem to give interesting results
Aswell as this changing the standard deviation to 3 instead of 2 marks up key levels.
The look back range seems to show better levels on 50,100 and 200
Let me know any changes or updates you think you could make an impact , this was just a quick basic script I wanted to share.
BreathEasy TrendLine Scalping - Pro Dear Traders,
Trendlines are the one particular word ever trader would definitely know what it is. But the way it gets applied on to the chart is the one thing which needs to debated on. Traders definitely love to trade Trendline breaks like the way I do.
When it comes to Trendlines , we generally categorize them based on the Major Trendline and Minor Trendline, however concept of Breakout or Breakdown of trendline wouldn’t change whether it’s a Major or Minor Trendline. Trendline is by nature powerful and prices do respect the same. In order to add more power, I have combined the Trendlines with Fibonacci to time the entries correctly.
What you can expect from this Indicator?
This indicator is mainly designed to work on the lower time frames (Intraday Indicator), between 1 minute TF to 5-minute TF or max 10 minute.
It is necessary that you use this indicator on a highly liquid instruments such that calculations are smooth. since, price gaps may affect the accuracy of the results.
Script detects & plots Trendlines, based on the Pivot Points found on the chart and helps you take trading decisions wisely.
What is the scope or idea behind developing this indicator?
1. Its majorly build to identify the Trendline breaks (Break Out and Break Down)
2. Identify, Trend line False Break.
3. Identify the possible consolidation zone and intimate about the Consolidation Break
4. Peak Buying | Selling Possibility when Prices does cross levels based on the fib ratios.
Couple of Additional info | Points to Understand | Point of Comfort zone
1. Provides Alerts when the event happens such as (Important Trendline has Broken, Consolidation zone is broken etc.) and places a dummy entry indication that Indicator took a trade with the SL and Target if any.
Note: All the entries plotted by this indicator are just DUMMY for your educational purpose only. you may seek support from your financial advisor before placing similar trades in real market.
2. Indicator Can constantly notify you on ever time SL is updated, if necessary to keep you aware of. I have adopted volatility-based SL such that, if prices move too quick and too far SL also will move quick and gives enough room for the price to play its role. If the prices tend to go flat SL acts flat. It can also help you lock in some profits when your PNL reaches certain level either by price or by percentage. (All options are customizable)
3. It also takes HTF information wherever necessary if the indicator needs some additional confirmations like Trendline zone in higher timeframe or fib level in HTF zone. You can certainly advice indicator to direct which HTF to use.
4. If the Script need Volume confirmation there are possible options provided for you to direct the indicator to refer the volume source. Like if you are trading BNF you may direct the volume source to its related futures
5. Options are provided to customize to Qty and Lot and based on the suggested option it plots dummy entries with suggested Qty to trade with.
6. You may set the Max loss level for each of the trade which you would like to risk so that Indicator detects the setups which are in close proximity to that level. It so happens it detects setup with max loss level of 7K and due to price fluctuations dummy entry may lose bit more than what was capped.
There are many additional options | information’s | suitable Notifications via Alerts provided. To give you enough information for your trading decisions along with Dummy Trades info.
IMPORTANT POINT TO CONSIDER:
REPAINTING : I use the word “real time data” in my indicator tooltip in conjunction and help you understand what indicator does. By this you can understand the impacts of the same.
I strongly recommend you read the tooltips in order to understand the indicator better.
Enjoy!
DISCLAIMER : No sharing, copying, reselling, modifying, or any other forms of use are authorized for our documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. I am not responsible for any losses you may incur. Please invest wisely.
Happy to receive suggestions and feedback in order to improve the performance of the indicator better.
[BA] ATR Stop LineThis indicator helps you to set your stoploss levels by using ATR. Traders often use atr values in order to calculate their stoploss levels.
This indicator does the calculation for you and draw two tiny lines without messing up the chart so that you can easily see your stoploss levels and get an idea about the volatility and risk amount as well.
One line is below the last candle as a long trade stop loss level and the other one is above the last candle as a short trade stop loss level.
Calculation is simple:
For short trades, 2 times ATR added to last price;
For long trades, 2 times ATR subtracted from last price.
You can change ATR length, ATR multiplier and the line length.
Good luck.
Support and Resistance Lines [Swastik]This indicator plots support and resistance lines automatically on the basis of the pivots created by the swings in the market.
You can increase the swing sensitivity if you want it to detect only larger swings.
There is a range drawn around the support and resistance lines based on the volatility of the market.
This works on every timeframe and the lines are drawn on the basis of swings in that timeframe .
This does not repaints and you can use it freely.
PAL indicator - Price Action LinesThis is the PALindicator - this is where the price action happens, PAL stands for Price Action Lines
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What is this indicator showing?
- there are 4 lines to work with
- red and yellow lines represents bearish levels
- blue and green lines represents bullish levels
- you can understand this indicator as dynamic support & resistance lines
- it will show you easy to read support & resistance breakouts
- it's something between pivot points and Fibonacci Retracement lines
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How does this indicator work?
- as mentioned before, there are 4 lines, on my opinion the blue and the green lines show you a continuation of a bullish trend
- the yellow and the red lines show you a continuation of a bearish trend
- if your crypto pair, forex pair, stock or any other instrument close above the blue line, its an buy opportunity
- if your crypto pair, forex pair, stock or any other instrument close above the yellow line, its an sell opportunity
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Which timeframe you recommend?
- we recommend to use this indicator for daily timeframe
- we also recommend to use this indicator for weekly and monthly timeframe
- in the indicator settings you can change the indicator timeframe from 250 (daily chart) to 52 (weekly chart) and 12 (monthly chart)
- after changing the indicator timeframe you have to change the chart timeframe to daily, weekly or monthly
- it's also possible to use this indicator intraday, but we don't recommend to use it with instruments which you can't trade (24/5 24/7)
send me a message for a free trial
MT5 SauceAuto Plots Daily Fib for intraday trading
Swing low of Previous days high and low for range
Fib extensions
RSI overbought and oversold printed to chart
Zig Zag(auto Horizon lines)A guy who automatically draws a horizon from the top of the zigzag
*Gray horizon may be repainted
The horizon of the characteristic price in the past reacts well, so it is used for contrarian
ジグザクの頂点から、自動で水平線を引く奴です
※灰色の水平線はリペイントする可能性があります
過去の特徴的な価格の水平線はよく反応するので、逆張りするとかが用途です
Volume Profile and Volume Indicator by DGTVolume Profile (also known as Price by Volume) is an charting study that displays trading activity over a specified time period at specific price levels. It is plotted as a horizontal histogram on the finacial isntrumnet's chart that highlights the trader's interest at specific price levels.
The histogram is used by traders to predict areas of support and resistance. Price levels where the traded volume is high could be assumed as support and resistance levels.
Price may experience difficulty moving above or below areas with large bars. Usually there is a great deal of activity on both the buy and sell side and the market stays at that price level for a great deal of time
It is advised to use volume profile in conjunction with other forms of technical analysis to maximize the odds of success
Light version of Volume Profile is added to Price Action - Support & Resistance by DGT
OI Profile Pro SpaceManBTCOI Profile Pro SpaceManBTC
The indicator provides a way to show the Open Interest Delta in relation to the price this occurs,
the increase and decrease will be reflected in the profile in a realtime display of the market providing trader insight as to what is occuring.
Users are granted options such as
HVN - Auto detects areas of High Open Interest
HVN/Liqs - Provides points of maximum likely liquidation areas
Historic Highlight - to highligh previous liqudation interaction points
Weighting - Determine profile weight relative to OI Delta
Spread - New calculation metric for the profile
Users can select their margin manually else the Auto settings for margin will do its job based on the chart selected, perp vs usdt.
All settings are set to auto with spaceman recommended defaults.
Liquidation points can be useful for Targets when taking a trade.
HVN/OI. Can be used as S/R dynamically as well as the OI develops throughout the session.
Historic Highlighting can be used for backtesting and displaying probability of likelyness for a target to be hit.
ToDo:
Additional display options
Improve HVN Calculation for efficiency
first hour high and low by akash mauryaThis indicator marks the first hour's high and low with a line with the percentage of range height.
First hour high and low generally act as heavy support and resistance or say major key areas in daily intraday charts.
You can adjust the settings if you want to see previous days' hour range lines or not.
This indicator will automatically create hour-range lines after an hour of market opening.
Spartan Trading Round NumbersRound number Swing Trading System:
Setup part 1: Set Near Round Number And Specific Gap in indicator input session
Setup part 2: What is the direction of the trend? Use Dow Theory, moving averages or your preferred technical analysis to determine the trend. Only trade with the trend.
Setup part 3: Wait for the price to swing in the direction of the trend
Setup part 4: Wait for a correction to begin after a high in an uptrend or low in a downtrend near a round number.
Entry price: Set your entry price at the next round number up in a downtrend or down in an uptrend
Stop loss: Set your stop loss at the next but one round number or the fifty level
Take profit: Set your profit target 200-300 Points from your entry price.
Open Interest Profile SpaceManBTCOpen Interest Profile SpaceManBTC
This is an indicator that will provide users with a way to see the open interest changes at price points,
reflecting the increase in OI or decrease in OI automatically to the associated with a visual display similar to those of a footprint profile.
Users can select their margin to be be coin demonimanated or Tether.
Using Auto all settings as default the code will aim to determine the best settings for the users TF including adjustment of ticksize and sessions to ensure enough data is being produced.
Auto is actually a fine setting choice in this instance.
Users can choose to enable delta or disable, delta is set by default as it aims to make it easier to see the dominance in the OI change and which zone had a stronger increase or decrease. Of course this can be disabled to view all data in regards to the OI.
High OI zones can be used for OI.
Bitcoin Inflation-Adjusted Support and Resistance5year breakeven inflation rate fitted for log BTC chart as Support and Resistance
The One Trader Toolkit - Open AccessThis script is the open version of my existing invite-only script of the same name and has been opened for access to the community to use, but not modify or clone in any way.
This has been done as the invite-only script cannot be changed back to a public script and vice-versa, keeping in line with Tradingview House Rules.
The code is based on a full strategy that has been explained in detail as follows:
// Step 1:
// We will consider the 200ema a standard to assess the average price over the longer term.
// If the current price on the daily chart is seen above the 200ema, we will consider that the stock is in a long term uptrend.
// If the current price on the daily chart is seen below the 200ema, we will consider that the stock is in a long term downtrend.
// In order to assess the long term trend, a band is plotted between the CLOSE (Average price), HIGH (Average High Price), LOW (Average Low Price) of the last 200 days.
// This band has been color coded for easy visual recognition. Green fill between ema close and ema high. Red fill between ema close and ema low.
// The methodology explains that the trader should have a long bias when the price is above the green part of the band and a short bias while price is below the red part of the band.
// Step 2:
// Now we come to a lower timeframe analysis with the 200ema moving average on the hourly timeframe.
// This is marked by a very distinct solid blue line which cannot be missed.
// If the price is still above this moving average and correlates with the higher timeframe trend in step 1, then we will continue our analysis.
// Otherwise, the stock is not ready to be filtered down and we will move to another stock.
// Step 3:
// On the same hourly timeframe, we will continue further analysing the position of a red 50ema line as compared to the same blue 200ema line or a separetely plotted gray 200ema line.
// If the 50ema is above the blue or the gray 200ema line (and in correlation with trend in steps 1-3), then the stock is believed to be bullish.
// If the 50ema is below the blue or the gray 200ema line (and in correlation with trend in steps 1-3), then the stock is believed to be bearish.
// Step 4:
// After multiple confirmation of a continuing trend, we will try to ascertain a good entry point.
// On the one hour timeframe, we will apply the Phase Changer.
// Phase Changer configuration is derived from a common setup which includes the 8ema and 20ema lines.
// I have implemented it in the Indian stock market setup with an added theory that we ignore the Phase Changer position on any timeframe higher than hourly timeframe.
// So the Phase Changer is not only an indication of the continuing trend, but also a great indicator of what the price is trying to achieve through its interaction with the lines.
// If 8ema is above the 20ema on the hourly chart, then the stock is believed to be bullish.
// If 8ema is below the 20ema on the hourly chart, then the stock is believed to be bearish.
// The same will be done on 15 minutes timeframe.
// In either setup, if there is a pullback and price is touching any of the two ema lines and eventually gets rejected towards the continuing trend, then it is an indication of a good entry at the failure of the pullback.
// Step 5:
// After confirmation through Daily, Hourly and 15 minutes timeframes, we will now come to the execution (5 Minute) timeframe.
// Apply the breakfast range. This is the range formed during the first hour of trading.
// The high of the first hour and the low of the first hour form the breakfast breakout.
// This method is also widely known as Open Range Breakout (ORB).
// The breakfast range is commonly used for stock indices only on a Monday morning, we use it for all days of the week and mostly on stocks.
// If the breakout is consistent with the trend that we have been confirming since step 1, we will enter the trade.
// Step 6:
// An additional daily range has been plotted for those who would like to trade the breakout of the daily range.
// This is the sum of the open price of the day the range of the previous day.
// The green line is used as resistance and the red line is used as support.
// Any breakout of those lines will be considered a strong continuation of the trend, mostly until the end of the trading session.
// Miscellaneous
// The first hour of the trading day is marked yellow with a black solid bar marked at the end of the first hour.
// All trades will be taken only after 10:20am.
// Stoploss Settings
// We will be calculating stoploss with the help of the ATR values.
// I have defined two stop loss levels, one for safe traders and the other for aggressive traders.
// Safe traders will select the safe option in a long trade or short trade respectively and mark the stoploss indicated at the time of taking the breakout entry.
// Aggressive traders on the other hand will select the aggressive stop loss option in long or short trades respectively and mark the stoploss indicated at the time of taking the breakout entry.
Psychological LineThis indicator can be shown by the number of bars with consecutive higher closing prices over a period of time. The maximum value is equal to the period.
The default period value is 12.
Thresholds used with this period are 3, 6, and 9.
A drop below 3 suggests an approaching low, and a crossover above 9 warns about an upcoming top.
In this period, 6 is a neutral value and represents the borderline separating uptrends and downtrends.
Previous N Days/Weeks/Months High LowJapanese below / 日本語説明は下記
This indicator displays previous N days/weeks/months’ highs and lows simultaneously.
N is user input and users can separately input different N for highs and lows.
For instance, if you would like to show past 20days high and 10days low, you specify 20 for high and 10 for low.
Similar to highs and lows of yesterday, last week and last month which I previously developed a indicator for(see the link below), highs and lows of specific terms such as quarters are also respected as supports and resistances.
A legendary trader group, Turtles also uses 20days high/low break as one of their strategies.
Alerts can be set with the conditions below.
-Crossing over previous day’s high
-Crossing under previous day’s low
-Crossing over previous week’s high
-Crossing under previous week’s low
-Crossing over previous month’s high
-Crossing under previous month’s low
Please note that when we say past 2 days in this indicator, past 2days mean yesterday and day before yesterday, so “today” is not included as “today’s” high/low have yet to be fixed.
Related indicator: High/Low Yesterday&Last week&Last month&Last Year
By combining with this indicator, you can highlight important support and resistance.
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過去N日/N週間/Nヶ月の高値·安値を同時に表示することのできるインジケーターです。
Nはパラメーターとなっており、また高値と安値で異なる期間を指定することができます。
例えば、過去20日間の高値と過去10日間の安値という指定が可能です。
昨日、先週、先月の高値·安値と同様に、四半期などの過去一定期間の高値·安値はサポート·レジスタンスとして良く意識されます。
伝説のトレーダー集団タートルズも20日間の高値·安値のブレイクを取引ルールの一つとして使用していたことで有名です。
また、以下の条件でアラート設定が可能です。
-過去N日高値の上方ブレイク
-過去N日安値の下方ブレイク
-過去N週間高値の上方ブレイク
-過去N週間安値の下方ブレイク
-過去Nヶ月高値の上方ブレイク
-過去Nヶ月安値の下方ブレイク
このインジケーターで過去2日間の高値·安値といった場合、過去2日間とは昨日と一昨日の2日間を指します。まだ高値·安値の確定していない本日は含まないことに注意してください。
関連インジケーター: High/Low Yesterday&Last week&Last month&Last Year
当インジケーターと合わせて使用することで、主要なサポートレジスタンスを表示することができます。
Fishing The Trend - Setup Classic v7.5.5FTT Classic v7.5.5
HOW Does it work ?
It is the classic version of Fishing The Trend-Setup for ease of trading & for getting the most from the market.
i.e. Combining the most useful indicators and making a whole setup under one roof...
FTT Classic comprises of following --
* IntraDay Range.
* Fishing The Trend.
* Custom VWAP.
* Baseband for Trend.
* Trendlines.
* Support & Resistance Lines.
* BreakOut Area.
* Technical Analysis table.
* Custom alerts.
1) HOW Does Intraday Range work ?
# For calculating the average most probable range for any symbol, it plots two areas - higher range and a lower range.
# This indicator is on - as default.
# Upper and Lower areas act as support and resistance, user may see a reversal in trend from these areas.
# If the price breaks these bands, breakout be considered.
# These bands are calculated by averaging the previous x number of days' high and low of the security.
3) HOW Does Fishing The Trend work ?
# When the market trend may try to reverse, the first signal/label will come showing Stop loss figure, and then if the trend reversal is confirmed, the supporting triangle in the next opening price will be placed at upper or lower side. along with these
there is a trailing stop-loss line, which will help user to trail their profits in-live.
# The CE-PE can be seen through the table with date and time.
# 2nd table also can be placed below the first one, showing the CE-PE Values for different symbol.
# Signals can be controlled by more or less as optioned in the settings.
# CE-PE strike price can be selected from ATM - ITM - OTM.
4) HOW Does Custom VWAP work ?
# VWAP will be placed having a line and current price of VWAP.
# One can have vwap in index chart also, the colour changes as the market goes above or below vwap or at vwap.
5) HOW Does Baseband for Trend work ?
# Baseband will be plotted for least 2 days on 3 min and gradually increases on increase of timeframe.
# If the market is above band, we may consider it a positive side and if market is below it, we may consider a negative side.
# Type 1 band is for trending market and type 2 is for rangebound market.
# Colour intensity also changes as market picks-up momentum or leaves momentum.
6) HOW Does Trendlines work ?
# Most nearest to most touching trendlines are placed for better understanding the trend.
# Easy to understand with the help of colour combinations.
7) HOW Does Support & Resistance Lines work ?
# The support & resistance lines will be drawn when market movement slows down or momentum decrease.
# The Support lines becomes resistance when market falls below it, and vice-versa for other conditions.
# Range development can be easily detected and can be used as range breakout for better understanding the market.
8) HOW Does BreakOut Area work ?
# Market Consolidates at most of the time, where the bulls and bears fight becomes more aggressive, at this point
of time the area will be formed or area will be formed when market trend reverses suddenly, leaving behind the previous
breakout area.
# Ease of trend reversal, previous supports / resistances can be seen easily.
9) HOW Does Technical Analysis table work ?
# There will be RSI displayed and for the better range detection, range area with price can be seen.
# The GAP of the opening market is seen with gap points (Down or Up)
10) HOW Does Custom alerts work ?
# Alerts can enabled for the CE-PE Strike Price through alerts management from Tradingview.
# Alerts can also be set when the Traffic Signal Comes.
Where to use?
# If the chart is of Index or equity, extended trading hours to be selected, time shall be exchange.
# Indicator wont work on timeframes lower than minutes or higher than or equal to day.
# can be used in every type of market.
# Extended to be selected for Index or Equities/Stocks, Regular be selected for futures, etc.
# At every part / portion the tooltip is placed showing the quick reference for that option.
# The main use of this indicator is quick scalping and Intra-day trading.
# Colour Theme can be selected if the chart theme is dark or light.
# The indicator shows a very useful option for early detection of the ongoing trend whether there will be reversal of trend or not ? Stop Loss - That should be done by following ones risk appetite, Ideally the High of the Previous Candle should be the stop loss for the Long / Short but everyone has their own Risk Management Strategies based on the capital deployed.
How to Take entry ?
# Time Frame shall be more than 2 min and less than day for better outcome.
# If buy signal comes and the market is below the baseband then wait for the market to cross and close above the baseband, also look for the immediate support or resistances which are seen in chart and those nearby the current signal.
# The data for the indicator will be very restricted, most of the parts in indicator wont work when the market closes.
# Pre-Opening or Post -Market data is tried to be ignored.
# Utmost Care is taken to implement the suggestions of users and also tried to keep the chart neat and clean.
** N.B.:- There may be cases where warning may come during setting the alert, this because
of alert conditions are taken ONLY when the current candle is CLOSED, real-time alerts are
considered as not feasible to get it.
Disclaimer
# The indicator to be used for understanding / learning the markets.
# User is responsible for his / her profits/losses, that may occur during the markets.
