TradeChartist Vitality™TradeChartist Vitality is a visual indicator that uses both Mean Reversion and Trend Following models to visually show the vitality of Bulls and Bears on chart based on only one factor - Sensitivity in relation to the Vital Support/Resistance derived from the Vitality Bands, Price Momentum and Volatility.
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™TradeChartist Vitality Features:
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Vitality Bands comprising of Vitality Mean and 5 Bull/Bear Limits. These are determined using the user defined Sensitivity from the settings (Very Low, Low, Optimal, High). Higher the sensitivity, shorter the trend and lower the Risk/Reward ratio.
Vital Support and Resistance that decide the Bull and Bear Vitality using colour coded markers on top and bottom of the chart, based on the trend.
Information table that shows the Bull/Bear Vitality, RSI and Price information of the Vitality Mean, Bull Limits 1-5 and Bear Limits 1-5. These prices are colour coded green or red based on the real time closing price trading above or below.
Bull and Bear markers appear after the confirmation of the trend change at the start of the trend.
Option to plot Pivot Points (Traditional and Fibonacci) automatically or based on user defined time frame. These are really helpful in determining the developing price dynamic based on Ranging/Squeezing/Expanding Pivot Points.
Bar Colouring based on Bull/Bear Vitality.
4 Colour Themes for the Bands visuals.
$ signs to help users spot potential zones to Take Profit/Move SL. The $ signs appear above/below the price bars based on the trend at zones of potential price exhaustion, critical support/resistance and other factors.
Vitality Bands Transparency adjustment and Custom colour option for Pivot Points.
Alerts can be created for the following.
Long - Alerts when Bull signal is generated. Use Once Per Bar Close
Long Take Profit - Alerts when $ signs are plotted during Bull Zone. Use Once Per Bar
Short - Alerts when Bear signal is generated. Use Once Per Bar Close
Short Take Profit - Alerts when $ signs are plotted during Bear Zone. Use Once Per Bar
Test of Mean - Alerts when price tests the Volatizer Mean line. Use Once Per Bar
Note : The script doesn't repaint, so the alerts can be used with confidence. To check this, users can do bar replay to check if the plots and markers stay in the same place.
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The indicator can be used for trade entries with filter combinations or can be used as standalone Visualizer for trend confirmations, levels etc.
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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Trendfollowing
TradeChartist Volatizer™TradeChartist Volatizer (Volatility Visualizer) is an exceptionally well designed script that helps visualize Price Volatility and Momentum with the help of various Visual components including Volatizer Bands and Mean line, Support/Resistance levels, Trade Signals and much more. Volatizer's ability to filter trades based on Volatizer Bands, initial Support/Resistance breach, along with the use of External Filter makes it an extremely functional and a useful indicator in addition to its visually engaging design.
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™𝗧𝗿𝗮𝗱𝗲𝗖𝗵𝗮𝗿𝘁𝗶𝘀𝘁 𝗩𝗼𝗹𝗮𝘁𝗶𝘇𝗲𝗿 𝗨𝘀𝗲𝗿 𝗠𝗮𝗻𝘂𝗮𝗹
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𝗩𝗼𝗹𝗮𝘁𝗶𝘇𝗲𝗿 𝗕𝗮𝗻𝗱𝘀
Volatizer Bands comprises of an Upper Band, a Lower Band and a Mean line, that form the important components of this script. These bands are based on consolidation of various factors including comparison of volatility and Higher Time Frame (HTF) Momentum with that of the chart time frame. This helps visualize relative Volatility of the chart's price action in relation to the bands and the mean line. The width and the acceleration of the bands depend upon two of the only user inputs required in this script. They are
Volatizer Length - This is the lookback length required to plot the strength of the price action. This length also determines the Volatizer Levels and Fills that help visualize Volatility and Momentum of the asset observed/traded. Higher the length, longer the trend and higher the Risk:Reward ratio
Sensitivity - Users can choose one of 3 Sensitivity options ( Low , Optimal , High ) to adjust the degree of sensitivity of the Bands' reaction to the price action. High Sensitivity Bands react quicker to the price action based on underlying logic.
Example : 1hr chart of BINANCE:ETHUSDT using 24/High on the left and 24/Low on the right.
𝗩𝗼𝗹𝗮𝘁𝗶𝘇𝗲𝗿 𝗠𝗲𝗮𝗻
Volatizer mean is a critical component of the Bands as it can determine the nature of the price action based on how the price tests the Volatizer Mean. When the price is extremely volatile or trending and when it is influenced by Bull or Bear momentum, the Mean line can be the magnet for Pull Backs or Throw Backs. Mean Touch Points can be enabled or disabled from the settings.
Example - 1hr chart of BINANCE:ETHUSDT clearly showing the use of the Mean line and Orange Mean Touch Points.
Example - 1hr chart of BINANCE:ETHUSDT with Volatizer Levels/Fills enabled on the left and disabled on the right.
𝗜𝗻𝗶𝘁𝗶𝗮𝗹 𝗦𝘂𝗽𝗽𝗼𝗿𝘁/𝗥𝗲𝘀𝗶𝘀𝘁𝗮𝗻𝗰𝗲 𝗟𝗲𝘃𝗲𝗹𝘀
Volatizer plots automatic Initial Support/Resistance Levels when this option is enabled. This is based on the user input of Length and Sensitivity.
Example - 1hr chart of BINANCE:BTCUSDT with Initial Support/Resistance Levels enabled. Initial range for support/resistance is shown on the chart.
𝗣𝗿𝗼𝗳𝗶𝘁 𝗧𝗮𝗸𝗶𝗻𝗴 𝗭𝗼𝗻𝗲𝘀
Volatizer uses a clever logic that helps detect volatility exhaustion prices and plots $ signs to help the trader take profits or move stop loss levels to secure gains or to exit trade position. This option can be enabled or disabled by checking or unchecking Display Profit Taking Zones . These zones can also be important support/resistance zones based on the trend volatility and momentum.
Example - 1hr chart of BINANCE:BTCUSDT (Setting - 24/Low) showing $ signs to help traders. (Green $ for Bull Zones and Red $ for Bear Zones)
𝗧𝗿𝗮𝗱𝗲 𝗦𝗶𝗴𝗻𝗮𝗹𝘀 𝗮𝗻𝗱 𝗧𝗿𝗮𝗱𝗲 𝗙𝗶𝗹𝘁𝗲𝗿𝘀
The script can also be used to plot Trade Signals automatically with or without the use of Trade Filters. When the price shows bullish or bearish momentum when the price crosses above or below the mean, Bull or Bear plot appears on the chart to signal potential trend change. These signals can be filtered using one, two or all three filters listed below.
Filter Initial S/R Level Breakouts - Plots Signals only when the initial Support/Resistance levels get breached.
Filter using Volatizer Bands - Plots Signals only when the Upper/Lower bands get breached.
External Filter - Plots Signals only if crossover/breakout criteria of External Filter (Oscillatory or Non-Oscillatory Signal) is satisfied.
Example Charts for Trade Signals/ Filters using 1hr chart of NASDAQ:AMD (Setting - 24/Optimal)
1. Trade Signals without any filter
2. Trade Signals using Initial S/R Level Breakout Filter only
3. Trade Signals using Volatizer Bands Filter only
4. Trade Signals using External Filter - MDO (144) with 0 Filter values along with other 2 built in filters
𝗔𝗹𝗲𝗿𝘁𝘀
Alerts can be created using Trading View's Alert Creation box by choosing one of the following Volatizer Conditions.
Long - Alerts when Bull signal is generated. Use Once Per Bar Close
Long Take Profit - Alerts when $ signs are plotted during Bull Zone. Use Once Per Bar
Short - Alerts when Bear signal is generated. Use Once Per Bar Close
Short Take Profit - Alerts when $ signs are plotted during Bear Zone. Use Once Per Bar
Test of Mean - Alerts when price tests the Volatizer Mean line. Use Once Per Bar
Note: The indicator doesn't repaint even though a potential repaint warning appears when creating alerts. This can be confirmed by doing bar replay with vertical lines at various lines and trend change zones to get confidence using the indicator. The vertical lines will stay in the same place on both current time and when running a bar replay.
𝗩𝗼𝗹𝗮𝘁𝗶𝘇𝗲𝗿 𝗩𝗶𝘀𝘂𝗮𝗹𝘀
Visual settings like Colour scheme, Colour Bars, Fill Transparency and Initial Support/Resistance Linewidth can be adjusted/changed from the settings under Volatizer Visuals section.
𝗛𝗼𝘄 𝘁𝗼 𝘂𝘀𝗲 𝗩𝗼𝗹𝗮𝘁𝗶𝘇𝗲𝗿 𝗟𝗲𝗻𝗴𝘁𝗵 𝗮𝗻𝗱 𝗦𝗲𝗻𝘀𝗶𝘁𝗶𝘃𝗶𝘁𝘆 𝗲𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲𝗹𝘆
1. As mentioned in the manual above, higher the length, longer the trend and higher the Risk:Reward ratio.
2. Sensitivity affects the frequency of the signals in general. Low Sensitivity will generate less frequent signals and High Sensitivity will generate more frequent signals as the Sensitivity affects how quickly the Bands react to the price action.
3. As a rule of thumb, it is recommended to use relevant numbers that seem to work well as Volatizer Length. These can be Fibonacci numbers like 5, 8 , 13, 21, 34, 55, 89, 144 etc. These can also be chart timeframe multipliers that relate to Higher Time Frame (HTF). For example, using 24 on 1hr chart will help see Volatizer Bands based on Daily volatility and momentum, 72 on 15m chart for 4hr trend and so on.
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There are several combinations of settings that can be tested on the asset traded based on timeframe and risk/reward expectations. The indicator can be used for trade entries with filter combinations or can be used as standalone Visualizer for trend confirmations, levels etc.
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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TEF - Trend Entry FinderWith the Trend Entry Finder indicator you can use an EMA ribbon to see if a trend is established (e.g. EMA lines dont intersect and go in one direction). Long and short signals are generated with potential entries into the trade.
Also the 20, 50 and 200 moving averages are displayed that can be used to spot levels of resistance.
CAPITALCOM:US100
FiboDonchianDonchian channels were developed by Richard Donchian, the father of trend following. The two outer bands are plotted as the highest high and lowest low for a set period of time.
In the FiboDonchian, the channel is divided into 3 zones according to Fibonacci levels:
0-0.382 (Bullish Zone)
0.382-0.618 (Neutral Zone)
0.618-1(Bearish Zone)
These levels will usually act as support and resistance during trends, and will reverse depending on the direction of the trend (e.g. in an uptrend the .382 is above the .5 and during a downtrend it is below).
An option to color candles according to the trend is given, with the following logic:
-During uptrends, candles will turn bullish when a new high is made and will remain in this state as long as price closes in the upper zone. Below this zone price turns neutral until a new high or low is made.
-During downtrends, candles will turn bearish when a new low is made and will remain like this provided that price closes in the lower zone. Above this zone price turns neutral until a new low or high is made.
Enjoy!!
TradeChartist Trend Splitter ™TradeChartist Trend Splitter is a visual Trend spotting script based on two simple models fused together - Dynamic Volatility Bands and Dynamic Mean Bands. The fusion of these two models based on user defined parameters of length, Volatility Risk and Mean Bands type, along with optional Trend Splitter color bars and Trend background split will make it visually engaging for any trader to understand the price action.
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Trend Splitter User Manual
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Trend Splitter settings has option to enable and disable the Volatility Bands and also the Mean Bands.
Under each heading, user can adjust the parameters to suit the trading style, based on time-frame traded.
Volatility Bands track the price action based on volatility trend lookback (Default - 55, MIn - 5, Max - 337) and also uses a Detector plot based on user defined risk (Default is 2.618, Min - 0.618, Max - 5) to continuously track the price action.
Mean Bands track the Mean values of the price action based on TradeChartist's original Mean Reversion Model based on one of 4 time tested Fib Lengths (Default - 55, Options - 55, 89, 144, 233, 337) and detects the price testing of Mean using Orange touchpoints.
Using Price Action in relation to both Volatility Bands and the Mean Bands, the script creates Mean Bands filtered Trend splits that plot Bull or Bear Trend background.
The Mean Bands Filter can be disabled for Trend Splits by just disabling Mean Bands from the settings. Also the option to display Trend Split background can also be enabled or disabled from the settings.
The settings also includes a useful feature to enable or disable coloured price bars using one of 3 colour themes.
Users can create alerts for Price testing mean, Bull and Bear trends using Long or Short from Trend Splitter's Alert Condition.
The indicator doesn't repaint even though a potential repaint warning appears when creating alerts. This can be confirmed by doing bar replay with vertical lines at various lines and trend change zones to get confidence using the indicator. The vertical lines will stay in the same place on both current time and when running a bar replay.
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Example Charts
1. 5m chart of BINANCE:AXSUSDTPERP using Trend Splitter (144, 2.618, Normal, 55) and TradeChartist Momentum Drift Oscillator (144 with Drift Visualizer). The Trend Splitter and MDO combo work brilliantly on Lower Time Frames and even on 15s/30s charts with MDO length of 144.
Best Practice - Always wait for a very long trend (over 337 bars on both MDO and Trend Splitter before taking a reverse trend trade at either Exhaustion or Super OB/OS zones of MDO) when using very low time-frames.
2. 5m chart of NYSE:PLTR using Trend Splitter (144, 3.618, Normal, 55) connected to TradeChartist Fib Master to plot Automatic Fibs. Just use Trend Identifier of Trend Splitter from Fib Master signal dropdown from settings, having both scripts active on chart.
3. Daily chart of OANDA:XAUUSD using Trend Splitter (using only Mean Bands - Weighted/144) to spot areas of support and resistance at Mean Bands.
Best Practice - Mean Bands can also act as confirmation indicator when used with other Trading View Indicators like RSI, Stohastic, Bollinger Bands etc.
4. Daily chart of COINBASE:ETHUSD using Trend Splitter (55, 0.618, Weighted, 55) connected to TradeChartist Plug and Trade to show Trend Splitter based Entries with Targets and Past Performance to assess the settings parameters in Trend Splitter. Just use Trend Identifier of Trend Splitter from Plug and Trade signal dropdown from settings, having both scripts active on chart.
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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Keltner TrendThis indicator takes the concept of Keltner Channels and uses them as a trend following system by using a deviation band of 1 ATR, such that when the price closes above the upper band a bull trend is predicted to follow, and when the price closes below the lower band the start of a bear trend is assumed.
Only 1 band is plotted at all times depending on the bias of the trend.
Default settings are a 21 EMA as a centerline with a 13 period ATR.
Enjoy!
Trend Follow SystemTrend following algorithm:
We take 1- 5 Fibonacci Ema values. 21, 34, 55, 89, 144
2- We normalize the changes of these values over time between 1-100.
3- We take the ema value of 1 length so that it does not follow a horizontal course after the normalization process.
4- In order not to experience too much change, we take the value of sma with a length of 5.
5-We think that when all values are 100, the trend is up, when all values are 0, the trend is down, otherwise the trend is horizontal.
EMAC - Exponential Moving Average Cross - StudyEMAC - Exponential Moving Average Cross - Study
This is the short Study version of EMAC that has been optimized for TradersPost alerts only
For the original full Strategy version with many editable inputs please see EMAC - Exponential Moving Average Cross
For the full Strategy version with the best currently known optimized inputs (average best settings across 26 tickers) please see EMAC - Exponential Moving Average Cross - Optimized
Breakout FinderHelo All,
I got many requests for a Breakout script and here it's. This script searches the breakouts/breakdowns and draw square if there is one.
The options:
"Period" is used to find Pivot Points
"Max Breakout Length" is the maximum length to search breakouts
"Threshold Rate %" is channel width of the breakout area. calculated using highest/lowest of last 300 bars.
"Minimum Number of Tests" is the minimum number of tests that the Price tried to break the S/R level
and some options for coloring and linestyle
Lets see some examples:
in this example "Minimum Number of Tests" is 2 so the Price must have tested to break resistance area 2 times and then it breaks it as seen in the screenshot:
in following example Threshold rate is %10, so the channel width is very big:
as you can see in followinf screenshot you can choose different colors and line styles:
Alerts added ;)
Enjoy!
The Trending Band IndicatorThis indicator shows the trend of the market. The middle line is the 200-day moving average because it shows the long term trend of the market. However, since the market does give fake signals of going up and down through the 200-day moving average, I had to put a band on it to push through the fake signals. The first band around the middle line is 1 standard deviation of historical volatility which gives an area of cushion to prevent fake signals. The goal is if the stock is above the first top band, then the stock is in an uptrend. If the stock is below the first bottom band, then the stock is in a downtrend. If it is the middle of the first bands, then the stock is known to be rangebound.
The top most and bottom most yellow lines are 4 standard deviations of historical volatility which give an idea of where the floor and ceiling are. This helps investors and traders identify good buy and sell zones using the yellow lines to see overbought and oversold sides.
This is a great indicator for people who need help following the trend of a stock, etf , etc.
MTF Trend WidgetThis indicator identifies trends in multiple higher timeframes (D, W, M) and shows them in a widget off to the right of the chart.
It's meant to be used as an alternative filter for "trading with the trend." Typically people use moving averages of varying lengths for this (i.e. if over 200 MA it's an uptrend, etc.), but I wanted to see if it might be more effective to see if the higher timeframes were actually trending or not in a certain direction.
For the purposes of this indicator, an uptrend is defined as higher highs and higher lows. So if currently in a downtrend and the highs are broken, the indicator will flip to an uptrend because now we have a higher high. Vice versa for downtrends.
The user can choose the lookback period for defining these highs/lows (the pivot points). A smaller lookback number will give you more frequent pivot points.
The user can toggle on visibility of all historical pivot points to make sure the frequency and placement of the swing highs/lows is to their liking.
The user can show the support/resistance lines of those most recent swing high/low points on the multiple timeframes as well.
When these lines are breached, that is when the trends change, so you can see if you are close to changing any longer term trends.
My hope is that this gives people a quick glance at the overall trend without having to cycle through different timeframes.
SKYNET buy/sell 2.0The SKYNET buy/sell 2.0 indicator generates buy and sell signals based on the following conditions:
**Anchor line : This anchor line is calculated based on certain parameters.
The anchor line is calculated in such a way that the stock/instrument moves around this anchor line.
The calculation of the anchor line uses a look back period which is set to 9 by default. The user can go to the indicator settings and change it to suit their trading style.
Note:
1) As the look back period increases, the number of signals generated on the chart decreases.
2) This indicator will only work on charts/stocks/instruments which are actually traded in the market i.e actual contracts of the stock/instrument is traded in the market. Hence, it will not work on indexes.
BUY signal: When the stock/instrument deviates to the upside of the anchor line by a specific margin, the Buy signal is generated.
SELL signal: When the stock/instrument deviates to the downside of the anchor line by a specific margin, the Sell signal is generated.
Disclaimer: This indicator is not 100% accurate and false signals are generated from time to time. Trading in the markets involves huge risks and one should always do his/her own research before making any trading decisions. This indicator is only designed to help you make a trading decision.
Indicator PanelHello All,
This script shows Indicator panel in a Table. Table.new() is a new feature and released today! Thanks a lot to Pine Team to add this new great feature! This new feature is a game changer!
The script shows indicator values for each symbol and changes background color of each cell by using current and last values of the indicators for each symbol. if current value is greater than last value then backgroung color is green, if lower than last value then red, if they are equals then gray.
You can choose the indicators to display. Number of columns in the table is dynamic and is changed by number of the indicators.
You can choose 5 different Symbols, 6 Indicators and 2 Simple or Exponential Moving averages, you can set type of moving averages and the lengths. You can also set the lengths for each Indicators.
Indicators:
- RSI
- MACD ( MACD and Signal and Histogram )
- DMI ( +DI and -DI + and ADX )
- CCI
- MFI
- Momentum
- MA with Length 50 (length can be set)
- MA with Length 200 (length can be set)
In this example RSI, MACD and MA 200 were chosen, you can see how table size changes dynamically:
Enjoy!
BAM's Weighted ROCTraders,
BAM's Weighted ROC is a Momentum indicator. ROC stands for 'Rate of Change' therefor this indicator plots the reading of a weighted average Rate of Change. In its current form it uses 4 periods en 4 weightings. The periods are set to 21/63/126/252 which corresponds to the number of trading days in each 1/3/6/12 months. The weightings are set to emphasize the more recent periods where the 1-month period counts for 40% of the signal, the 3-monthh period for 30%, the 6-month for 20% and the 12-month for 10%. These settings, both periods and weightings, are customizable. The current settings are meant to serve the widely used 1-day time interval chart setting. Feel free to alter the time frame and adjust the parameters accordingly; eg I like trading the weekly chart on a 10/20/30/40 period settings.
BAM's Weighted ROC can be used as a trendfilter for Trend Following trading systems or as an entry signal for Swing trading systems, or both. In the current setting the indicator is set to trend-following; it turns green when positive (above 0), indicating positive momentum. And red when negative (below 0), indicating negative momentum. In the most basic form one can trade a well diversified portfolio of assets using the indicator as guidance for entry and exit signals as it flows back and forth between positive and negative. Another use for the indicator lies in Swing Trading systems. In this approach the transfer from declining momentum into ascending momentum can be interpreted as a shift in momentum from negative to positive, and therefor constitute an entry opportunity. A combination of the 2 signals is of perfectly viable too, wait for positive momentum (reading above 0) in combination with a upward shift from one bar to the other. Use the reverse logic as an exit signal. In these examples the indicator is used in a stand-alone fashion. But off course it can also be used in conjunction with other indicators.
I personally use the two functions, trend-following en swingtrading, in tandem (combined)
for further reading into the rational behind Trend Following trading systems I recommend the following sources:
- Free Read: Google for 'Meb Faber, Global Asset Allocation' he gives out free copies on his website. Meb is a well known character in the Momentum-factor arena.
- Easy read: 'Following the trend' By Andreas Clenow. I don't think there is any Trend Following trader that doesn't know this chaps work.
- sophisticated Read: Trend Following with Managed Futures by A. Greyserman and K. Kaminski. This one is for those who seriously mean business!
Good luck out there, pls consider that the momentum factor holds an edge, at least based on historical performance, but this out-performance (most often) lies in the low single digits.
Pls be aware that use of this indicator is at your own risk. All info provided is solely presented for educational purposes.
Kind regards,
Bam
RP trend readerThis tool is a momentum reader
You can use this tools at any timeframe
When the momentum is meet the condition then it will show the signal
The signal are "Buy" and "Sell"
Buy means that you Long or exit your Short at the price
Sell means that you Short or exit your Long at the price
There's pivot line at there
Pivot line is showing how strong the momentum right now
If the price above or way above the pivot line then the uptrend is strong (very bullish)
If the price below or way below the pivot line then the downtrend is strong (very bearish)
Don't blindly Buy or Sell just because the signal is coming out
Combine it with the market structure, look at the big picture instead lower TF and the edge is yours
The best entry is when the price bounce close to the pivot point
Be carefull with the sideway or choppy market. You can see that the price is going up and down at the pivot line and the signals come out quite often
Follow your trading plan, be patience (don't FOMO) and be discipline with your plan... Cheers...
FEJ - DogeMarginFEJ - DogeMargin ist ein All-in-One Indikator.
Mit dem ihr euch praktisch das Upgrade auf eine bezahlte Tradingview Version sparen könnt.
- Wave-Detector: Bestehend aus einem innovativen Wave-Trenddetector mit dessen hilfe es sehr leicht ist einen Trendwechsel und die vorraussichtliche Stärke des kommenden Moves zu erkennen.
- NMA: Eine dynamische Trendlinie um die stärke der Signale zu überprüfen.
- Channel: Um potenzielle Trendwenden bzw. Überkaufte oder Überverkaufte Situationen zu erkennen.
- Golden- & Deathcross: SMA basierende Crosses um potenzielle Trendwendepunkte zu erkennen und bestehende Signale zu überprüfen. Die SMA Crosses sind in einem festgelegten Timeframe, welcher sich in den Einstellungen anpassen lässt. Die SMA´s sind optional einblendbar. In einem Update folgen noch MACD Crosses.
- Volume Candles: Dieser passt die Farbe der Candles entsprechend dem aktuellen Volumen und dessen Richtung an.
Dunkel Violett - Der Preis sinkt und das Volumen ist größer als 200% des Durchschnitts der letzten 20 Tage - Stark Bearish
Violett - Der Preis sinkt und das Volumen ist zwischen 50% und 200% des Durchschnitts der letzten 20 Tage - Volumen ist weder stark noch schwach
Helles Violett - Der Preis sinkt und das Volumen ist geringer 50% des Durchschnitts der letzten 20 Tage - Wenig Support für die aktuellen Preisbewegungen.
Aqua - Der Preis steigt und das Volumen ist größer als 200% des Durchschnitts der letzten 20 Tage - Stark Bullish
Blau - Der Preis steigt und das Volumen ist zwischen 50% und 200% des Durchschnitts der letzten 20 Tage - Volumen ist weder stark noch schwach
Helles Blau - Der Preis steigt und das Volumen ist geringer 50% des Durchschnitts der letzten 20 Tage - Wenig Support für die aktuellen Preisbewegungen.
- S & R Lines: Dieser Indikator zeigt die für diesen Timeframe aktuellen Support und Resistance Linien an.
- EMA Ribbons: Dieser Indikator zeigt ein Ribbon für den aktuellen Timeframe an.
Wave
Mit Hilfe der Welle in der Mitte lassen sich Trendwenden erkennen.Die Trendwende ist besonders stark, wenn das Signal bei einem Bull-Signal unterhalb der gelben NMA-Line liegt ; bei einem Bear-Signaloberhalb der gelben NMA-Linie liegt.
Wenn Kurs in folge eines Signals nach der NMA schließt, deutet das auf einen Trendwechsel hin. Bis dahin
Mit hilfe des Dogeprotocol lassen sich diese Signale noch weiter verbessern undgegenprüfen
Channel
NMA
Golden- & Deathcross
Zeigt an wo sich entweder ein SMA Golden- oder Death-Cross befindet
WICHTIG: Der TimeFrame für die Crosses ist festgelegt - Standardmäßig auf 4h (240m)
Es macht am meisten Sinn, den TF auf 1/10 deines Beobachtungszeitramens zu stellen.
2x SMA´s
Volume Candles
S & R Lines
EMA Ribbos
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English:
FEJ - DogeMargin is an all-in-one indicator.
With which you practically do that Upgrading to a paid Tradingview version can save you money.
- Wave detector: Consists of an innovative wave trend detector with its help it is very easy to change the trend and the anticipated Recognize the strength of the upcoming move.
- NMA: A dynamic trend line to check the strength of the signals.
- Channel: Around potential trend reversals or overbought or oversold situations to recognize.
- Golden & Death cross: SMA based crosses around potential trend turning points to recognize and to check existing signals. The SMA Crosses are in a fixed timeframe, which can be found in the settings can be adjusted. The SMAs can optionally be faded in. MACD Crosses will follow in an update.
- Volume Candles: This adjusts the color of the candles according to the current volume and its direction.
Dark Purple - The price is falling and the volume is greater than 200% of the Last 20 Day Average - Strongly Bearish
Purple - The price is going down and the volume is between 50% and 200% of the Last 20 days average - volume is neither strong nor weak
Light purple - the price goes down and the volume is less than 50% of the Average of the last 20 days - Little support for the current ones Price movements.
Aqua - The price goes up and the volume is greater than 200% of the Last 20 days average - Strong Bullish
Blue - The price is increasing and the volume is between 50% and 200% of the Last 20 days average - volume is neither strong nor weak
Light blue - the price goes up and the volume is less 50% of the Average of the last 20 days - Little support for the current ones Price movements.
- S & R Lines: This indicator shows the current support and for this timeframe
Resistance lines on.
- EMA Ribbons: This indicator shows a ribbon for the current timeframe.
Wave
Trend reversals can be seen with the help of the wave in the middle.
The turnaround is particularly strong when the signal is at one
Bull signal is below the yellow NMA line; on a bear signal is above the yellow NMA line.
If course closes on a signal after the NMA , it indicates one
Change of trend. Until then
With the help of the Dogeprotocol, these signals can be improved even further
double check
Channel
NMA
Golden & Death Cross
Shows where either a SMA golden or death cross is located
IMPORTANT: The timeframe für crosses is fixed - by default to 4h (240m)
It makes the most sense to set the TF to 1/10 of your observation timeframe.
2x SMAs
Volume candles
S&R Lines
EMA Ribbos
TrendBuddy_v1TrendBuddy is a trend signal generator indicator.
options:
control sensitivity of the signals
Sideways Market Detector
Filter signals based on Side Market
Indicator is based on combination of oscillators, moving averages, bollinger bands and price action.
The traders can use this tool to get trends when market is about to come out of choppy regions.
NVME Currency Strength ProNVME Currency Strength Pro was made to help confirm the trends, to help stay in winning positions longer and to help you get out of losing trades sooner. So why is ours unique? The answer is simple, unlike other currency strength indicators, ours loads in 2 seconds rather than 15 seconds or longer, which will cause less frustration when changing settings. Also, we have done a different approach to the usual line base for the currency strengths, with ours we have made implemented it with our module and used the data provided to create a price following bubble and oscillator that shows you what is in an uptrend or a downtrend. There are multiple options for you to customise and it is really easy to use and understand.
The steps to follow for using this indicator since data will be inputted manually:
1) Goto settings and change pair id 's input to the pair that you are currently analysing.
2) Change pair id 's input to a pair that begins with the ending of the first pair, for example 1st pair is EURUSD so 2nd pair would be any USD pair.
3) Play around with the calculation module pre-sets and the length settings to find what you like the look off.
4) Enjoy :)
NVME Currency Strength Pro works well with NVME Vanquisher X Algorithm and NVME Oscillator X.
RSI Trend Indicator [paRSI]The Relative Strength Index ( RSI ) is a measurement used by traders to assess the price momentum. It is scaled from 0 to 100. when RSI reads below 30, it is usually interpreted as oversold and when RSI is above 70 it is usually interpreted as overbought. However, it is usually not profitable to trade based on overbought and oversold signal.
RSI Trend Indicator or as I like to call it "paRSI" ("Parsa (my name) + RSI") shows that when RSI is above a specific number (default value = 60) it indicates bullish trend and when RSI is below a specific number (default value = 40 ) it indicates bearish trend. Lastly when RSI is below the 2 specified numbers it indicates a neutral trend.
I don't recommend trading based on this single indicator. If you're a trend trader this might be useful tool in addition to your own strategy
Usage:
If the created pattern has worked previously on the chart, you could enter on the first stages of the green or red section (depending on the market's trend).
It is not recommended to trade in any direction when there is no color
*THIS IS A TREND FOLLOWING STRATEGY AND DOES NOT WORK ON ALL MARKETS*
Rosebud Trend [DepthHouse]Rosebud Trend Indicator uses complex range calculations to easily detect trend changes, critical support and resistance levels, and even aid in spotting reversals. The Critical Support & Resistance Zones are plotted via the red and green cloud. This cloud not only visually displays the expected trend direction but often acts as major support and resistance zones. The outer band measures the expected range in which the assets trades within over longer periods of time.
Users can switch the ‘Trend Sensitivity’ between ‘Low’ and ‘High’ to increase or decrease the rate at which the cloud changes.
By altering the S/R Band Thickness users can furthermore increase or decrease the rate at which a trend changes by altering the thickness of the cloud. I prefer to keep these settings at 0.55 , 0.382, or 0.236.
The bar colors are generated by a combination of Rosebuds primary function and our ATR AUTO Oscillator base functions. Users have 3 bar color options to select from: Simple, Complex, and Off .
Simple: Bars colors alternate between shades of red and green based on the trend direction and the ATR Auto strength. Stronger the shade, the stronger the trend.
Complex: This adds a few extra variables to the script which generates a more complex bar color display. Using this option, Rosebud will generate light red bars in a bull trend if downward movement is strong and vice versa in a bear trend. It also will generate a purple bar if the candle successfully closes above or below the Top & Bottom Range Bands; We call this a range break , and it could be an early sign of strong upward or downward movement.
Off: In case you like to keep things even simpler, this option hides all overlay bar colors.
Sample of Complex Bar Colors:
Bull, Bear signals along with Up and Down arrows are too based on a combination of our trend direction and ATR Auto Oscillator calculations.
Users have the option to adjust both bar color, and shape generation settings via:
Smoothed Signal Option: Turns advance smoothing on or off. On will reduce signal noise, while Off could land you that perfect bottom signal with a lower success rate.
Candlestick Length: Default factor for bar color and shape generation, higher the number the fewer signals that will generate.
Candlestick Smoothing: Default smoothing for the Candlestick Length
Signal Lookback: Adjust the factor at which Bull, Bear, Up, and Down. Lower this to 2 for more signals.
Cross Thresholds: The lower this number the easier it is for ‘Bull’, ‘Bear’, and over extended signals to generate; see image below:
*Users also have the option to hide all signal visuals via the 'Shapes' On/Off option.
Users have multiple built in Alerts to choose from:
Bullish Trend Change: When the critical cloud switches to Bullish
Bearish Trend Change: When the critical cloud switches to Bearish
Upper Range Break: When the price action closes above the Range Top
Lower Range Break: When the price action closes below the Range Bottom
Light Bullish Cross: Early bullish signal; also displayed by up arrows by default
Light Bearish Cross: Early bear signal: also displayed by down arrows by default
Verified Bullish Cross: Occurs when a Bull signal is generated.
Verified Bearish Cross: Occurs when a Bear signal is generated.
*Past performance is no guarantee of future results*
Support Resistance ChannelsHello All,
For Long time I was planning to make Support/Resistance Channels script, finally I had time and here it is.
How this script works?
- it finds and keeps Pivot Points
- when it found a new Pivot Point it clears older S/R channels then;
- for each pivot point it searches all pivot points in its own channel with dynamic width
- while creating the S/R channel it calculates its strength
- then sorts all S/R channels by strength
- it shows the strongest S/R channels, before doing this it checks old location in the list and adjust them for better visibility
- if any S/R channel was broken on last move then it gives alert and put shape below/above the candle
- The colors of the S/R channels are adjusted automatically
You can set/change following settings:
- Pivot Period
- Source : High/Low or Close/Open can be used
- Maximum Channel Width %: this is the maximum channel width rate, this is calculated using Highest/Lowest levels in last 300 bars
- Number of S/R to show : this is the number of Strongest S/R to show
- Loopback Period: While calculating S/R levels it checks Pivot Points in LoopBack Period
- Show S/R on last # Bars: To see S/R levels only on last N bars
- Start Date: the script starts calculating Pivot Point from this date, the reason I put this option is for visuality. Explained below
- You can set colors/transparency
- and You can enable/disable shapes for broken S/R levels
Examples:
You can change colors as you wish:
here " Show S/R on last # Bars " set 100:
Sometimes visuality may corrupt because of old S/R levels, to solve it you need to set "Start Date" in the options to start the script in visual part (last 292 bars)
here in first screenshot it doesn't look good (shrink), then on second screenshot I set the "Start Date" it looks better, if you change time frame don't forget to set it again :)
Enjoy!
Robust Channel [tbiktag]Introducing the Robust Channel indicator.
This indicator is based on a remarkable property of robust statistics , namely, the resistance to the presence of data points that deviate significantly from the established trend (generally speaking, outliers ). Being outlier-resistant, the Robust Channel indicator “remembers” a pre-existing trend and thus exhibits a very peculiar "lag" in case of a sharp price change. This allows high-confidence identification of such price actions as a trend reversal, range break, pullback, etc.
In the case of trending and range-bound market conditions, the price remains within the channel most of the time, fluctuating around the central line.
Technical details
The central line is calculated using the repeated median slope algorithm. For each data point in a lookback window of a user-specified Length , this method calculates the median slope of the lines that connect that point to all other points inside the window. The overall median of these median slopes is then calculated and used as an estimate of the trend slope. The algorithm is very efficient as it uses an on-the-fly procedure to update the array containing the slopes (new data pushed - old data removed).
The outer line is then calculated as the central line plus the Length -period standard deviation of the price data multiplied by a user-defined Channel Width Factor . The inner line is defined analogously below the central line.
Usage
As a stand-alone indicator, the Robust Channel can be applied similarly to the Bollinger Bands and the Keltner Channel:
A close above the outer line can be interpreted as a bullish signal and a close below the inner line as a bearish signal.
Likewise, a return to the channel from below after a break may serve as a bullish signal, while a return from above may indicate bearish sentiment.
Robust Channel can be also used to confirm chart patterns such as double tops and double bottoms.
If you like this indicator, feel free to leave your feedback in the comments below!
