Fibonacci Retracement and Target LevelsHighest and Lowest Price Points:
The script calculates the highest (high_price) and lowest (low_price) prices in the specified timeframe. These values are essential for computing the Fibonacci retracement and extension levels.
Fibonacci Retracement Levels:
fib_0: 0% level (highest price).
fib_236, fib_382, fib_50, fib_618, and fib_100: These are the classic Fibonacci retracement levels used to identify potential support or resistance areas as the price retraces from its highest point.
Fibonacci Extension Levels (Targets):
fib_1618, fib_2618, and fib_4236: These are Fibonacci extension levels used to predict potential price targets in the direction of the trend if the price breaks beyond its current range.
Drawing the Levels:
The line.new function is used to draw horizontal lines on the chart representing the Fibonacci retracement and extension levels.
Dashed lines represent retracement levels.
Dotted lines represent extension (target) levels.
How to Use:
Create a new Pine Script in TradingView.
Paste the code above into the Pine Script editor.
Save the script and apply it to your chart to see Fibonacci retracement and extension levels plotted.
תבניות גרפים
Breakout Master//@version=5
indicator('Breakout Master', overlay=true)
bullishBar = 1
bearishBar = -1
var inside_bar = array.new_int(0)
var inside_bar_high = array.new_float(0)
var inside_bar_low = array.new_float(0)
var motherCandleIndex = 0
var motherCandleHigh = 0.0
var motherCandleLow = 0.0
var motherCandleRange = 0.0
var target1Buy = 0.0
var target2Buy = 0.0
var target1Sell = 0.0
var target2Sell = 0.0
var motherCandleH = line.new(na, na, na, na, extend=extend.right, color=color.green)
var motherCandleL = line.new(na, na, na, na, extend=extend.right, color=color.red)
var motherCandleHLabel = label.new(na, na, style=label.style_label_left, textcolor=color.green, color=color.new(color.green, 80))
var motherCandleLLabel = label.new(na, na, style=label.style_label_left, textcolor=color.red, color=color.new(color.red, 80))
var longT1 = line.new(na, na, na, na, extend=extend.right)
var longT2 = line.new(na, na, na, na, extend=extend.right)
var shortT1 = line.new(na, na, na, na, extend=extend.right)
var shortT2 = line.new(na, na, na, na, extend=extend.right)
var longT1Label = label.new(na, na, textcolor=color.blue, style=label.style_label_left, color=color.new(color.blue, 80))
var longT2Label = label.new(na, na, textcolor=color.blue, style=label.style_label_left, color=color.new(color.blue, 80))
var shortT1Label = label.new(na, na, textcolor=color.blue, style=label.style_label_left, color=color.new(color.blue, 80))
var shortT2Label = label.new(na, na, textcolor=color.blue, style=label.style_label_left, color=color.new(color.blue, 80))
var longT1Line = input.bool(title='Show Long T1', defval=true, group='Long')
var longT2Line = input.bool(title='Show Long T2', defval=true, group='Long')
var shortT1Line = input.bool(title='Show Short T1', defval=true, group='Short')
var shortT2Line = input.bool(title='Show Short T2', defval=true, group='Short')
var longT1Range = input.float(title='Long T1', defval=1, group='Long (x times above range of mother candle)', tooltip='Line will be plotted above high of mother candle. If value entered is 1, then T1 = range of mother candle x 1')
var longT2Range = input.float(title='Long T2', defval=1.5, group='Long (x times above range of mother candle)', tooltip='Line will be plotted above high of mother candle. If value entered is 2, then T2 = range of mother candle x 2')
var shortT1Range = input.float(title='Short T1', defval=1, group='Short (x times below range of mother candle)', tooltip='Line will be plotted below low of mother candle. If value entered is 1, then T1 = range of mother candle x 1')
var shortT2Range = input.float(title='Short T2', defval=1.5, group='Short (x times below range of mother candle)', tooltip='Line will be plotted below low of mother candle. If value entered is 2, then T2 = range of mother candle x 1')
hi = high
lo = low
op = open
cl = close
isInside() =>
previousBar = 1
bodyStatus = cl >= op ? 1 : -1
isInsidePattern = hi < hi and lo > lo
isInsidePattern ? bodyStatus : 0
newDay = ta.change(time('D'))
if newDay
array.clear(inside_bar)
array.clear(inside_bar_high)
array.clear(inside_bar_low)
if isInside() and array.size(inside_bar) <= 0
array.push(inside_bar, bar_index)
array.push(inside_bar_high, hi )
array.push(inside_bar_low, lo )
if barstate.islast and array.size(inside_bar) > 0
motherCandleIndex := array.get(inside_bar, 0) - 1
motherCandleHigh := array.get(inside_bar_high, 0)
motherCandleLow := array.get(inside_bar_low, 0)
motherCandleRange := motherCandleHigh - motherCandleLow
target1Buy := motherCandleHigh + longT1Range * motherCandleRange
target2Buy := motherCandleHigh + longT2Range * motherCandleRange
target1Sell := motherCandleLow - shortT1Range * motherCandleRange
target2Sell := motherCandleLow - shortT2Range * motherCandleRange
// mother candle high
line.set_xy1(motherCandleH, motherCandleIndex, motherCandleHigh)
line.set_xy2(motherCandleH, bar_index, motherCandleHigh)
label.set_xy(motherCandleHLabel, bar_index + 5, motherCandleHigh)
label.set_text(id=motherCandleHLabel, text='Range High - ' + str.tostring(motherCandleHigh))
//mother candle low
line.set_xy1(motherCandleL, motherCandleIndex, motherCandleLow)
line.set_xy2(motherCandleL, bar_index, motherCandleLow)
label.set_xy(motherCandleLLabel, bar_index + 5, motherCandleLow)
label.set_text(id=motherCandleLLabel, text='Range Low - ' + str.tostring(motherCandleLow))
//long target 1
if longT1Line
line.set_xy1(longT1, motherCandleIndex, target1Buy)
line.set_xy2(longT1, bar_index, target1Buy)
label.set_xy(longT1Label, bar_index + 5, target1Buy)
label.set_text(id=longT1Label, text='T1 - ' + str.tostring(target1Buy) + ' (' + str.tostring(longT1Range * motherCandleRange) + ') points')
//long target 2
if longT2Line
line.set_xy1(longT2, motherCandleIndex, target2Buy)
line.set_xy2(longT2, bar_index, target2Buy)
label.set_xy(longT2Label, bar_index + 5, target2Buy)
label.set_text(id=longT2Label, text='T2 - ' + str.tostring(target2Buy) + ' (' + str.tostring(longT2Range * motherCandleRange) + ') points')
//short target 1
if shortT1Line
line.set_xy1(shortT1, motherCandleIndex, target1Sell)
line.set_xy2(shortT1, bar_index, target1Sell)
label.set_xy(shortT1Label, bar_index + 5, target1Sell)
label.set_text(id=shortT1Label, text='T1 - ' + str.tostring(target1Sell) + ' (' + str.tostring(shortT1Range * motherCandleRange) + ') points')
//short target 2
if shortT2Line
line.set_xy1(shortT2, motherCandleIndex, target2Sell)
line.set_xy2(shortT2, bar_index, target2Sell)
label.set_xy(shortT2Label, bar_index + 5, target2Sell)
label.set_text(id=shortT2Label, text='T2 - ' + str.tostring(target2Sell) + ' (' + str.tostring(shortT2Range * motherCandleRange) + ') points')
Brijesh TTrades candle plot"Brijesh TTrades candle plot" is a powerful and customizable indicator that allows you to overlay higher timeframe candles directly on your chart. Choose your desired timeframe (e.g., Daily, Hourly) and plot up to 10 recent candles with precise control over color, wick style, and width. The candles are offset by 40 bars to the right, providing a clear and unobstructed view of the current price action. Ideal for multi-timeframe analysis and gaining deeper insights into market trends.
Weekly and daily separators - MKThis indicator is designed to provide easier usability and greater customization for traders. The update brings enhanced stability and reliability in detecting day, week, and month changes across various timeframes, ensuring consistent and accurate visuals on your charts.
Key Features:
Time Zone Customization: Select the time zone to determine when session changes are marked.
Adjustable Line Coverage: Lines can now be customized to only partially cover the top and bottom of the chart, offering a cleaner look.
Optional Labels: Enable labels to display the starting month, calendar week, or day. Day formats include:
Weekday name
Date in formats: dd.MM or MM.dd
Visual Enhancements:
Default line widths and colors now use an orange hue for better visibility.
Added a monthly separator line for better long-term trend tracking.
Higher time frame color options for clarity.
Independent customization of line styles and widths.
Additional Improvements:
Ability to hide daily lines on daily charts and higher timeframes. Similarly, weekly lines can be hidden on weekly charts and higher.
Secondary line width for weekly separators on daily and higher timeframes, ensuring cleaner chart aesthetics.
Updated color selection and default values for better readability.
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
Santa's Secrets | FractalystSanta’s Secrets is a visually engaging trading tool that infuses holiday cheer into your charts. Inspired by the enchanting, mysterious vibes of the holiday season, this indicator overlays price charts with dynamic, multi-colored glitches that sync with market data, delivering a festive and whimsical visual experience.
The indicator brings a magical touch to your charts, featuring characters from classic holiday themes (e.g., Santa, reindeer, snowflakes, gift boxes) to create a fun and festive “glitch effect.” Users can select a theme for their matrix characters, adding a holiday twist to their trading visuals. As the market data moves, these themed characters are randomly picked and displayed on the chart in a colorful cascade.
Underlying Calculations and Logic
1.Character Management:
The indicator uses arrays to manage different sets of holiday-themed characters, such as Santa’s sleigh, snowflakes, and reindeer. These arrays allow dynamic selection and update of characters as the market moves, mimicking a festive glitch effect.
2. Current and Previous States:
Arrays track the current and previous states of characters, ensuring smooth transitions between visual updates. This dual-state management enables the effects to look like a magical, continuous movement, just like Santa’s sleigh cruising through the winter night.
3. Transparency Control:
Transparency levels are controlled through arrays, adjusting opacity to create subtle fading effects or more intense visual appearances. The result is a festive glow that can fade or intensify depending on the market’s volatility.
4. Rain Effect Simulation:
To create the “snowfall” or “glitching lights” effect, the indicator manages arrays that simulate falling characters, like snowflakes or candy canes, continuously updating their position and visibility. As new characters enter the top of the screen, older ones disappear from the bottom, with fading transparency to simulate a seamless flow.
5. Operational Flow:
• Initialization: Arrays initialize the characters and transparency controls, readying the script for smooth and continuous updates during trading.
• Updates: During each cycle, new characters are selected and the old ones shift, with updates in both content and appearance ensuring the matrix effect is visually appealing.
• Rendering: The arrays control how the characters are rendered, ensuring the magical holiday effect stays lively and eye-catching without interrupting the trading flow.
How to Use Santa’s Secrets Indicator
1. Apply the Indicator to Your Charts:
Add the Santa’s Secrets indicator to your chart, activating the holiday-themed visual effect on your selected trading instrument or time frame.
2. Select Your Holiday Theme:
In the settings, choose the holiday theme or character set. Whether it’s Santa’s sleigh, reindeer, snowflakes, or gift boxes, pick the one that brings the most festive cheer to your charts.
3. Choose Your Visual Effect (Snowfall or Glitch Burst):
Select between the “Snowfall” effect, where characters gently drift down the chart like snowflakes, or the “Glitch Burst” effect, where characters explode outward in a burst of holiday cheer, representing bursts of market volatility.
4. Adjust the Color for Holiday Vibes:
Customize the color of the characters to match your chart’s aesthetic or reflect different market conditions. Choose from red for a downtrend, green for an uptrend, or opt for a gradient of colors to capture a true holiday spirit.
5. Fit the Matrix to Your Display:
Adjust the width and height of the matrix display to make sure it fits perfectly with your chart layout. Ensure it doesn’t obscure your view while still providing the holiday-themed magic.
What Makes Santa’s Secrets Indicator Unique?
Holiday Theme Selection:
Santa’s Secrets allows traders to choose from a variety of holiday-themed characters. Whether you prefer the traditional Santa’s sleigh, snowflakes, reindeer, or gift boxes, you can bring the festive spirit into your trading. This personalized touch adds a fun, holiday twist to your charts and keeps you engaged during the festive season.
Dynamic Effects:
Choose between two exciting visual modes – Snowfall Mode or Glitch Burst Mode. The Snowfall Mode brings a gentle, peaceful effect with characters cascading down the chart like snowflakes, while Glitch Burst Mode creates a more intense effect, radiating characters outward in an explosive, holiday-themed display.
Customizable Holiday Colors:
Traders can fully customize the color of the matrix characters to match their trading environment. Whether you want a traditional red and green for a Christmas mood or a blue and white snow effect, Santa’s Secrets allows you to create the perfect holiday atmosphere while you trade.
Universal Display Compatibility:
No matter what screen or device you’re using – whether it’s a large monitor, laptop, or mobile – Santa’s Secrets is fully adjustable to fit your screen size. The holiday effect remains visually striking without compromising the integrity of your chart data.
Wishing you a happy year filled with success, growth, and profitable trades.🎅🎁
Let's kick off the new year strong with Santa's Secrets! 🚀🎄
Pivot PointsPivot Points Indicator
The Pivot Points indicator highlights areas on the chart where candles close in opposite colors. These points occur when the price shifts from bullish to bearish, or vice versa, indicating potential reversals or continuation patterns. These points are more easily seen on a line chart and represent areas where the price changes direction to create peak formations.
Foundational Concepts
Before diving into the indicator, it’s important to understand a few key concepts:
When price is trending upward, it creates higher highs and higher lows. Each high or low acts as a pivot point. In an uptrend, the price is more likely to break the previous high (pivot point) and continue higher. You can enter a buy trade when the price breaks the previous high, anticipating the continuation of the trend.
When price is trending downward, it creates lower lows and lower highs. Each high or low is also a pivot point. In a downtrend, the price is more likely to break the previous low (pivot point) and continue lower. You can enter a sell trade when the price breaks the previous low, anticipating the continuation of the trend.
For reversal trades, it’s helpful to be familiar with chart patterns like double tops, double bottoms, and head and shoulders. The Pivot Points indicator can assist in identifying these patterns, helping you determine entry points, as well as where to place your stop loss.
Recommended Setup
It’s recommended to have two charts open side by side: one displaying a line chart and the other showing a candlestick chart, with the Pivot Points indicator applied to both. This setup allows you to easily identify the market structure and price action as it approaches these levels. You can also add a 20-period Simple Moving Average (SMA) to both charts to help identify the overall trend. Additionally, consider adding the Relative Strength Index (RSI) to the line chart to confirm overbought or oversold conditions.
This approach can be used on any timeframe.
Contributing
If you have suggestions, improvements, or bug fixes, I encourage you to submit pull requests. Collaboration helps make the indicator more versatile and useful for everyone.
Disclaimer
Any trading decisions you make are entirely your responsibility.
The MetaTrader 5 version of this indicator is available on my GitHub repository: roshaneforde/pivot-points-indicator
MFS-3 Bars Pattern Strategy3 Bar Pattern Strategy
Detects an Ignite Candle followed by a Pullback Candle followed by a Confirmation Candle.
A Box will be drawn around the setup and three arrows will identify I, P, C (Ignite, Pullback, Confirmation) the setup.
The strategy will calculate a Stop Loss below the Low Price of the Ignite candle and a Take Profit at 2 times the Stop Loss giving a Risk to Reward Ratio of 1:2.
Extra conditions are included to reduce false triggers:
- A down trend must be detected using 3 SMA (Long, Medium, Short) that should be aligned from Long to Short one above the other.
- The Ignite Candle's body must be BELOW the Short SMA
An input form is available to adjust some strategy parameters.
Performance Note
----------------------
Trading conditions are very strict, so most of the time, no signals will be detected in the Strategy window.
This strategy should only be one of many strategies used for trade setups.
Hope you enjoy it.
Future Interest Indexed by AssetEste script em Pine Script calcula e exibe o índice dos juros futuros (DI1) em relação ao preço de um ativo, utilizando o preço de fechamento do ativo e a taxa de juros futuros (DI1). O cálculo é realizado dividindo a taxa de juros pelos preços do ativo, resultando no índice indice_juros. Para evitar a divisão por zero, o script verifica se o preço do ativo é válido e não nulo. O índice calculado é então plotado em um painel inferior no gráfico, representado por uma linha azul, permitindo aos usuários observar a relação entre a taxa de juros futuros e o preço do ativo de forma clara e intuitiva.
This Pine Script script calculates and displays the future interest rate (DI1) in relation to the price of an asset, using the asset's closing price and the future interest rate (DI1). The calculation is carried out by dividing the interest rate by the asset prices, resulting in the index_interest index. To avoid division by zero, the script checks that the asset's price is valid and not null. The calculated index is then plotted in a lower panel on the chart, represented by a blue line, allowing users to observe the relationship between the future interest rate and the asset price clearly and intuitively.
12 Month Difference - YoY ComparisonEste script foi desenvolvido para calcular e exibir a variação percentual do preço de um ativo nos últimos 12 meses, de forma simples e visual. Ele utiliza dados históricos de preços e apresenta o resultado diretamente no gráfico, permitindo ao usuário acompanhar a relação entre o valor atual e o valor de 12 meses atrás.
O cálculo é baseado em um período de 12 meses, que equivale a 252 dias úteis no mercado financeiro. O script primeiro identifica o preço atual do ativo e o compara com o preço registrado há exatamente 252 dias úteis. A diferença entre esses dois valores é transformada em uma variação percentual, o que facilita a análise de desempenho do ativo ao longo do período.
Além disso, o script define uma cor para destacar o resultado:
Verde, se a variação percentual for positiva (indicando crescimento).
Vermelho, se a variação for negativa (indicando queda).
O valor calculado é exibido de forma prática no canto inferior direito do gráfico, como uma tabela flutuante. Essa tabela contém o texto "Relação 12M" e o valor percentual correspondente, permitindo uma leitura rápida.
Embora o resultado seja calculado para todos os momentos no gráfico, ele é mostrado apenas como uma tabela no último ponto confirmado da série histórica, ou seja, no momento mais recente com dados disponíveis. Além disso, o script inclui o valor da relação na legenda do gráfico, mas ele está oculto visualmente para evitar sobrecarregar o layout.
Esse indicador é útil para analisar rapidamente o desempenho de um ativo ao longo de um ano, ajudando investidores e analistas a entenderem tendências e mudanças no mercado.
This script was developed to calculate and display the percentage change in the price of an asset over the last 12 months, in a simple and visual way. It uses historical price data and displays the result directly on the chart, allowing the user to monitor the relationship between the current value and the value from 12 months ago.
The calculation is based on a 12-month period, which is equivalent to 252 business days in the financial market. The script first identifies the current price of the asset and compares it with the price recorded exactly 252 business days ago. The difference between these two values is transformed into a percentage change, which makes it easier to analyze the asset's performance over the period.
In addition, the script defines a color to highlight the result:
Green, if the percentage change is positive (indicating growth).
Red, if the change is negative (indicating a decline).
The calculated value is displayed conveniently in the bottom right corner of the chart, as a floating table. This table contains the text "12M Ratio" and the corresponding percentage value, allowing for quick reading.
Although the result is calculated for all points in time on the chart, it is only displayed as a table at the last confirmed point in the historical series, i.e. the most recent point in time with available data. In addition, the script includes the ratio value in the chart legend, but it is visually hidden to avoid cluttering the layout.
This indicator is useful for quickly analyzing the performance of an asset over a year, helping investors and analysts understand trends and changes in the market.
Intraday Volume### Intraday Volume Indicator Explanation
--- this was Mostly created by OpenAI ChatGPT --- it's pretty good!
--- My Commentary: One of the problems I find is with Volume is - it is skewed by the overwhelming volume around the Open and Close. So, as an experiment, I asked ChatGPT to create an indicator to plot the volume everywhere BUT the open.
I added in the CandleColor() function and set the times.
I also changed the Intraday Volume calculation from Cumulative to live.
still Chat GPT - did about 90% of the heavy lift! And, wrote the summary !
----
The "Intraday Volume" indicator is a custom script designed for use on the TradingView platform. It provides a visual representation of the total accumulated trading volume during the intraday trading session, specifically between the market open and close times. Below is a detailed explanation of its functionality:
#### **Key Features:**
1. **Session Times:**
- The indicator defines the intraday session as the period between 9:30 AM EST (market open) and 4:00 PM EST (market close).
- It uses the `timestamp` function to set these times dynamically for each trading day.
2. **Intraday Volume Calculation:**
- During the defined intraday session, the indicator accumulates the trading volume from each bar (candlestick).
- Outside the intraday session, the volume is reset to `na` (not available) to ensure only intraday data is plotted.
3. **Plotting the Volume:**
- The accumulated intraday volume is plotted as a blue column chart in a separate pane below the price chart.
- This provides a clear visualization of how the trading volume evolves throughout the trading session.
4. **Horizontal Reference Line:**
- A horizontal line is added at zero as a visual reference, making it easier to interpret the volume data.
#### **Use Cases:**
- **Volume Analysis:**
- Traders can use the indicator to identify periods of high or low trading activity during the intraday session.
- Peaks in the volume chart may correspond to key market events, such as news releases or significant price movements.
- **Trend Confirmation:**
- Comparing intraday volume with price action can help traders confirm the strength of a trend or the likelihood of a reversal.
- **Custom Time Frames:**
- Although this script is tailored for regular U.S. market hours, it can be adapted for other markets or time zones by modifying the session times.
#### **Customization:**
- **Colors and Styles:**
- The plot color (blue) and style (columns) can be customized to suit user preferences.
- **Session Times:**
- Users can change the session start and end times to match their trading needs or regional market hours.
This indicator is especially useful for intraday traders seeking insights into trading volume dynamics within the trading day. By visualizing the intraday volume, traders can gain a deeper understanding of market behavior and make informed decisions.
Support/Resistance
Custom Moving Average Indicator with MACD, RSI, and Support/Resistance
This indicator is designed to help traders make informed trading decisions by integrating several technical indicators, including moving averages, the Relative Strength Index (RSI), and the Moving Average Convergence Divergence (MACD).
Key Features:
Moving Averages:
This indicator uses simple moving averages (SMAs) for several periods (4, 18, 66, 89, 632, 1000, 1500, 2000, and 3000 bars). This helps to identify the overall trend of the price and potential support and resistance levels.
The color of each moving average line is dynamically changed based on the closing price's position relative to the average; it turns red if the price is above the average and green if the price is below.
Relative Strength Index (RSI):
The RSI is calculated for a 14-bar period, which is a measure of overbought or oversold conditions.
An RSI value above 70 indicates an overbought condition, while a value below 30 indicates an oversold condition.
MACD:
The MACD is calculated using a fast length of 12, a slow length of 26, and a signal length of 9. Crossovers between the MACD line and the signal line indicate momentum shifts.
A crossover of the MACD line above the signal line suggests a potential buy signal, while a crossover below indicates a potential sell signal.
Buy and Sell Signals:
Buy Signal: Triggered when the MACD line crosses above the signal line, the RSI is below 30, the MACD is above 0, and there is high volume.
Sell Signal: Triggered when the MACD line crosses below the signal line, the RSI is above 70, the MACD is below 0, and there is high volume.
Alerts:
The indicator includes alerts that are triggered when buy and sell signals occur, helping traders respond quickly to market opportunities.
How to Trade Using the Indicator (continued):
Trading on Buy Signals:
Look for buy signals when the MACD line crosses above the signal line. Ensure that the RSI is below 30, indicating there is a potential for price recovery from an oversold condition.
Confirm that the volume is above the average, which indicates strong market participation and adds validity to the trade.
Trading on Sell Signals:
Search for sell signals when the MACD line crosses below the signal line. Check that the RSI is above 70 to confirm an overbought condition, implying the price may decline.
As with buy signals, ensure that volume is high to validate the strength of the sell signal.
Risk Management:
Use stop-loss orders to protect your capital. Establish an initial loss threshold based on your risk management strategy.
Continuously monitor the market and new signals and adjust your approach according to your market analysis.
Conclusion:
This combined indicator helps traders make informed decisions by relying on a set of technical tools. To achieve the best results, ensure you integrate the analysis from these indicators with your trading strategies and other techniques.
Feel free to use this explanation as an introduction or guide to inform traders on how to effectively use the indicator. If you have any more questions or need further details, don't hesitate to ask!
Support and Resistance TrendlinesStrategy:
Support: Identified as the lowest low over a specific period.
Resistance: Identified as the highest high over a specific period.
Dynamic Trendlines: We’ll use the concept of a rolling window to calculate the highest highs and lowest lows over the last n bars (you can adjust the number of bars for more sensitivity).
Explanation:
Lookback Period (length): The number of bars over which we calculate the support and resistance levels. You can adjust this value depending on the timeframe and the sensitivity you want for the trendlines.
Resistance: This is the highest high over the length of bars. We use ta.highest(high, length) to find the highest high within the specified lookback period.
Support: This is the lowest low over the length of bars. We use ta.lowest(low, length) to find the lowest low within the specified lookback period.
Plotting the Lines:
We plot the support and resistance as horizontal lines on the chart using plot().
Additionally, we create dynamic trendlines that update automatically with each new bar. The line.new function creates lines that can be modified dynamically as new price data comes in.
Line Persistence:
The line functions are used to create horizontal lines that persist across bars. The trendlines adjust their position as the bars move forward.
How It Works:
This indicator will automatically detect the highest and lowest prices over the last n bars and draw support (green line) and resistance (red line) levels on the chart.
The trendlines will adjust as the market evolves and provide visual reference points for potential areas of price reversal.
How to Use This Script:
Copy and paste the Pine Script code into the Pine Script Editor on TradingView.
Save the script, and then add it to your chart.
Adjust the Lookback Period input to suit your trading strategy and timeframe.
The support and resistance levels will be drawn dynamically, and the lines will update as new bars form.
Customizations:
You can modify the number of bars (length) used to calculate support and resistance, depending on the timeframes you're interested in.
If you need more advanced trendline drawing (such as drawing trendlines between significant high/low points or automatic adjustment to more complex patterns), you might need to implement more advanced logic using peaks and valleys or price action patterns.
Let me know if you need any further adjustments!
Alert Kabi Family Unlimited Alarm indicator for any time frame and any type of currency, stock and index
اندییکاتور آلارم نامحدود برای هر تایم فریم و هر شاخص و ارز و سهام
Settings :
1- Before starting, clear all alarms in the trading view alarm section
2- Specify your alarm areas and currency pairs in the indicator settings section
3- Go to the trading view alarm section, click create alert, select the name of the indicator and click OK
4- Good Luck
T e L : @Ar3781
1- قبل از شروع تمام آلارم های تریدینگ ویو را پاک کنید
2- در قسمت تنظیمات اندیکاتور نواحی آلارم و جفت ارز خود را مشخص کنید
3- به قسمت الارم تریدینگ ویو رفته ایجاد هشدار را زده و اسم اندیکاتور را انتخاب کنید و اوکی کنید
4- مـــــــوفق بــــــاشـید
Percent Movement HighlighterThe Percent Movement Highlighter is a custom TradingView indicator that visually highlights candles based on their percentage movement relative to the previous day's close. The indicator uses two user-defined thresholds:
Positive Threshold: Marks candles that move up by a specified percentage or more.
Negative Threshold: Marks candles that move down by a specified percentage or more.
Features:
Visual Highlights:
Green candles for upward moves exceeding the positive threshold.
Red candles for downward moves exceeding the negative threshold.
Dynamic Counters:
Displays a summary label that counts the number of positive, negative, and neutral candles dynamically as the chart progresses.
User Inputs:
Customizable positive and negative percentage thresholds to suit different trading strategies.
This tool is useful for traders seeking to identify significant price movements and analyze market volatility efficiently.
BKLevelsThis displays levels from a text input, levels from certain times on the previous day, and high/low/close from previous day. The levels are drawn for the date in the first line of the text input. Newlines are required between each level
Example text input:
2024-12-17
SPY,606,5,1,Lower Hvol Range,FIRM
SPY,611,1,1,Last 20K CBlock,FIRM
SPY,600,2,1,Last 20K PBlock,FIRM
SPX,6085,1,1,HvolC,FIRM
SPX,6080,2,1,HvolP,FIRM
SPX,6095,3,1,Upper PDVR,FIRM
SPX,6060,3,1,Lower PDVR,FIRM
For each line, the format is ,,,,,
For color, there are 9 possible user- configurable colors- so you can input numbers 1 through 9
For line style, the possible inputs are:
"FIRM" -> solid line
"SHORT_DASH" -> dotted line
"MEDIUM_DASH" -> dashed line
"LONG_DASH" -> dashed line
Fibonacci Time-Price Zones🟩 Fibonacci Time-Price Zones is a chart visualization tool that combines Fibonacci ratios with time-based and price-based geometry to analyze market behavior. Unlike typical Fibonacci indicators that focus solely on horizontal price levels, this indicator incorporates time into the analysis, providing a more dynamic perspective on price action.
The indicator offers multiple ways to visualize Fibonacci relationships. Drawing segmented circles creates a unique perspective on price action by incorporating time into the analysis. These segmented circles, similar to TradingView's built-in Fibonacci Circles, are derived from Fibonacci time and price levels, allowing traders to identify potential turning points based on the dynamic interaction between price and time.
As another distinct visualization method, the indicator incorporates orthogonal patterns, created by the intersection of horizontal and vertical Fibonacci levels. These intersections form L-shaped connections on the chart, derived from key Fibonacci price and time intervals, highlighting potential areas of support or resistance at specific points in time.
In addition to these geometric approaches, another option is sloped lines, which project Fibonacci levels that account for both time and price along the trendline. These projections derive their angles from the interplay between Fibonacci price levels and Fibonacci time intervals, creating dynamic zones on the chart. The slope of these lines reflects the direction and angle of the trend, providing a visual representation of price alignment with market direction, while maintaining the time-price relationship unique to this indicator
The indicator also includes horizontal Fibonacci levels similar to traditional retracement and extension tools. However, unlike standard tools, traders can display retracement levels, extension levels, or both simultaneously from a single instance of the indicator. These horizontal levels maintain consistency with the chosen visualization method, automatically scaling and adapting whether used with circles, orthogonal patterns, or slope-based analysis.
By combining these distinct methods—circles, orthogonal patterns, sloped projections, and horizontal levels—the indicator provides a comprehensive approach to Fibonacci analysis based on both time and price relationships. Each visualization method offers a unique perspective on market structure while maintaining the core principle of time-price interaction.
⭕ THEORY AND CONCEPT ⭕
While traditional Fibonacci tools excel at identifying potential support and resistance levels through price-based ratios (0.236, 0.382, 0.618), they do not incorporate the dimension of time in market analysis. Extensions and retracements effectively measure price relationships within trends, yet markets move through both price and time dimensions simultaneously.
Fibonacci circles represent an evolution in technical analysis by incorporating time intervals alongside price levels. Based on the mathematical principle that markets often move in circular patterns proportional to Fibonacci ratios, these circles project potential support and resistance zones as partial circles radiating from significant price points. However, traditional circle-based tools can create visual complexity that obscures key market relationships. The integration of time into Fibonacci analysis reveals how price movements often respect both temporal and price-based ratios, suggesting a deeper geometric structure to market behavior.
The Fibonacci Time-Price Zones indicator advances these concepts by providing multiple geometric approaches to visualize time-price relationships. Each shape option—circles, orthogonal patterns, slopes, and horizontal levels—represents a different mathematical perspective on how Fibonacci ratios manifest across both dimensions. This multi-faceted approach allows traders to observe how price responds to Fibonacci-based zones that account for both time and price movements, potentially revealing market structure that purely price-based tools might miss.
Shape Options
The indicator employs four distinct geometric approaches to analyze Fibonacci relationships across time and price dimensions:
Circular : Represents the cyclical nature of market movements through partial circles, where each radius is scaled by Fibonacci ratios incorporating both time and price components. This geometry suggests market movements may follow proportional circular paths from significant pivot points, reflecting the harmonic relationship between time and price.
Orthogonal : Constructs L-shaped patterns that separate the time and price components of Fibonacci relationships. The horizontal component represents price levels, while the vertical component measures time intervals, allowing analysis of how these dimensions interact independently at key market points.
Sloped : Projects Fibonacci levels along the prevailing trend, incorporating both time and price in the angle of projection. This approach suggests that support and resistance levels may maintain their relationship to price while adjusting to the temporal flow of the market.
Horizontal : Provides traditional static Fibonacci levels that serve as a reference point for comparing price-only analysis with the dynamic time-price relationships shown in the other three shapes. This baseline approach allows traders to evaluate how the incorporation of time dimension enhances or modifies traditional Fibonacci analysis.
By combining these geometric approaches, the Fibonacci Time-Price Zones indicator creates a comprehensive analytical framework that bridges traditional and advanced Fibonacci analysis. The horizontal levels serve as familiar reference points, while the dynamic elements—circular, orthogonal, and sloped projections—reveal how price action responds to temporal relationships. This multi-dimensional approach enables traders to study market structure through various geometric lenses, providing deeper insights into time-price symmetry within technical analysis. Whether applied to retracements, extensions, or trend analysis, the indicator offers a structured methodology for understanding how markets move through both price and time dimensions.
🛠️ CONFIGURATION AND SETTINGS 🛠️
The Fibonacci Time-Price Zones indicator offers a range of configurable settings to tailor its functionality and visual representation to your specific analysis needs. These options allow you to customize zone visibility, structures, horizontal lines, and other features.
Important Note: The indicator's calculations are anchored to user-defined start and end points on the chart. When switching between charts with significantly different price scales (e.g., from Bitcoin at $100,000 to Silver at $30), adjustment of these anchor points is required to ensure correct positioning of the Fibonacci elements.
Fibonacci Levels
The indicator allows users to customize Fibonacci levels for both retracement and extension analysis. Each level can be individually configured with the following options:
Visibility : Toggle the visibility of each level to focus on specific areas of interest.
Level Value : Set the Fibonacci ratio for the level, such as 0.618 or 1.000, to align with your analysis needs.
Color : Customize the color of each level for better visual clarity.
Line Thickness : Adjust the line thickness to emphasize critical levels or maintain a cleaner chart.
Setup
Zone Type : Select which Fibonacci zones to display:
- Retracement : Shows potential pull back levels within the trend
- Extension : Projects levels beyond the trend for potential continuation targets
- Both : Displays both retracement and extension zones simultaneously
Shape : Choose from four visualization methods:
- Circular : Time-price based semicircles centered on point B
- Orthogonal : L-shaped patterns combining time and price levels
- Sloped : Trend-aligned projections of Fibonacci levels
- Horizontal : Traditional horizontal Fibonacci levels
Visual Settings
Fill % : Adjusts the fill intensity of zones:
0% : No fill between levels
100% : Maximum fill between levels
Lines :
Trendline : The base A-B trend with customizable color
Extension : B-C projection line
Retracement : B-D pullback line
Labels :
Points : Show/hide A, B, C, D markers
Levels : Show/hide Fibonacci percentages
Time-Price Points
Set the time and price for the points that define the Fibonacci zones and horizontal levels. These points are defined upon loading the chart. These points can be configured directly in the settings or adjusted interactively on the live chart.
A and B Points : These user-defined time and price points determine the basis for calculating the semicircles and Fibonacci levels. While the settings panel displays their exact values for fine-tuning, the easiest way to modify these points is by dragging them directly on the chart for quick adjustments.
Interactive Adjustments : Any changes made to the points on the chart will automatically synchronize with the settings panel, ensuring consistency and precision.
🖼️ CHART EXAMPLES 🖼️
Fibonacci Time-Price Zones using the 'Circular' Shape option. Note the price interaction at the 0.786 level, which acts as a support zone. Additional points of interest include resistance near the 0.618 level and consolidation around the 0.5 level, highlighting the utility of both horizontal and semicircular Fibonacci projections in identifying key price areas.
Fibonacci Time-Price Zones using the 'Sloped' Shape option. The chart displays price retracing along the sloped Fibonacci levels, with blue arrows highlighting potential support zones at 0.618 and 0.786, and a red arrow indicating potential resistance at the 1.0 level. This visual representation aligns with the prevailing downtrend, suggesting potential selling pressure at the 1.0 Fibonacci level.
Fibonacci Time-Price Zones using the 'Orthogonal' Shape option. The chart demonstrates price action interacting with vertical zones created by the orthogonal lines at the 0.618, 0.786, and 1.0 Fibonacci levels. Blue arrows highlight potential support areas, while red arrows indicate potential resistance areas, revealing how the orthogonal lines can identify distinct points of price interaction.
Fibonacci Time-Price Zones using the 'Circular' Shape option. The chart displays price action in relation to segmented circles emanating from the starting point (point A). The circles represent different Fibonacci ratios (0.382, 0.5, 0.618, 0.786) and their intersections with the price axis create potential zones of support and resistance. This approach offers a visually distinct way to analyze potential turning points based on both price and time.
Fibonacci Time-Price Zones using the 'Sloped' Shape option. The sloped Fibonacci levels (0.786, 0.618, 0.5) create zones of potential support and resistance, with price finding clear interaction within these areas. The ellipses highlight this price action, particularly the support between 0.786 and 0.618, which aligns closely with the trend.
Fibonacci Time-Price Zones using the 'Circular' Shape option. The price action appears to be ‘hugging’ the 0.5 Fibonacci level, suggesting potential resistance. This demonstrates how the circular zones can identify potential turning points and areas of consolidation which might not be seen with linear analysis.
Fibonacci Time-Price Zones using the 'Sloped' Shape option with Point D marker enabled. The chart demonstrates clear price action closely following along the sloped Retracement line until the orthogonal intersection at the 0.618 levels where the trend is broken and price dips throughout the 0.618 to 0.786 horizontal zone. Price jumps back to the retracement slope at the start of the 0.786 horizontal zone and continues to the 1.0 horizontal zone. The aqua-colored retracement line is enabled to further emphasize this retracement slope .
Geometric validation using TradingView's built-in Fibonacci Circle tool (overlaid). The alignment at the 0.5 and 1.0 levels demonstrates the indicator's consistent approximation of Fibonacci Circles.
Comparison of Fibonacci Time-Price Zones (Shape: Horizontal) with TradingView's Built-in Retracement and Extension Tools (overlaid): This example demonstrates how the Horizontal structure aligns with TradingView’s retracement and extension levels, allowing users to integrate multiple tools seamlessly. The Fibonacci circle connects retracement and extension zones, highlighting the potential relationship between past retracements and future extensions.
📐 GEOMETRIC FOUNDATIONS 📐
This indicator integrates circular and straight representations of Fibonacci levels, specifically the Circular , Orthogonal , Sloped , and Horizontal shape options. The geometric principles behind these shapes differ significantly, requiring distinct scaling methods for accurate representation. The Circular shape employs logarithmic scaling with radial expansion, where the distance from a central point determines the level's position, creating partial circles that align with TradingView's built-in Fibonacci Circle tool. The other three shapes utilize geometric progression scaling for linear extension from a starting point, resulting in straight lines that align with TradingView's built-in Fibonacci retracement and extension tools. Due to these distinct geometric foundations and scaling methods, perfectly aligning both the partial circles and straight lines simultaneously is mathematically constrained, though any differences are typically visually imperceptible.
The Circular shape's partial circles are calculated and scaled to align with TradingView's built-in Fibonacci Circles. These circles are plotted from the second swing point onward. This approach ensures consistent and accurate visualization across all market types, including those with gaps or closed sessions, which unlike 24/7 markets, do not have a direct one-to-one correspondence between bar indices and time. To maintain accurate geometric proportions across varying chart scales, the indicator calculates an aspect ratio by normalizing the proportional difference between vertical (price) and horizontal (time) distances of the swing points. This normalization factor ensures geometric shapes maintain their mathematical properties regardless of price scale magnitude or time period span, while maintaining the correct proportions of the geometric constructions at any chart zoom level.
The indicator automatically applies the appropriate scaling factor based on the selected shape option, optimizing either circular proportions and proper radius calculations for each Fibonacci level, or straight-line relationships between Fibonacci levels. These distinct scaling approaches maintain mathematical integrity while preserving the essential characteristics of each geometric representation, ensuring optimal visualization accuracy whether using circular or linear shapes.
⚠️ DISCLAIMER ⚠️
The Fibonacci Time-Price Zones indicator is a visual analysis tool designed to illustrate Fibonacci relationships through geometric constructions incorporating both curved and straight lines, providing a structured framework for identifying potential areas of price interaction. It is not intended as a predictive or standalone trading signal indicator.
The indicator calculates levels and projections using user-defined anchor points and Fibonacci ratios. While it aims to align with TradingView’s Fibonacci extension, retracement, and circle tools by employing mathematical and geometric formulas, no guarantee is made that its calculations are identical to TradingView's proprietary methods.
Like all technical and visual indicators, these visual representations may visually align with key price zones in hindsight, reflecting observed price dynamics. However, these visualizations are not standalone signals for trading decisions and should be interpreted as part of a broader analytical approach.
This indicator is intended for educational and analytical purposes, complementing other tools and methods of market analysis. Users are encouraged to integrate it into a comprehensive trading strategy, customizing its settings to suit their specific needs and market conditions.
🧠 BEYOND THE CODE 🧠
The Fibonacci Time-Price Zones indicator is designed to encourage both education and community engagement. By integrating time-sensitive geometry with Fibonacci-based frameworks, it bridges traditional grid-based analysis with dynamic time-price relationships. The inclusion of semicircles, horizontal levels, orthogonal structures, and sloped trends provides users with versatile tools to explore the interaction between price movements and temporal intervals while maintaining clarity and adaptability.
As an open-source tool, the indicator invites exploration, experimentation, and customization. Whether used as a standalone resource or alongside other technical strategies, it serves as a practical and educational framework for understanding market structure and Fibonacci relationships in greater depth.
Your feedback and contributions are essential to refining and enhancing the Fibonacci Time-Price Zones indicator. We look forward to the creative applications, adaptations, and insights this tool inspires within the trading community.
1-3-1 Strat Combo with 50% Level (12h)Logic Explanation
1-3-1 Combo Detection:
The script detects the 1-3-1 pattern using the previous 3 candles:
Candle 4: Inside Bar (Type 1).
Candle 3: Outside Bar (Type 3).
Candle 2: Inside Bar (Type 1).
4th Candle Behavior:
If the 4th candle (current bar):
Stays an inside bar (Type 1) → isFourthInsideBar is true.
Becomes a directional bar (Type 2) → isFourthDirectional is true.
If either of these conditions is true, the script stops calculating and waits for the next valid 1-3-1 setup.
50% Level Calculation:
If the conditions are not met (e.g., the 4th candle doesn’t stop the pattern), the script:
Plots a dotted line at the 50% level of the 3rd candle.
Adds a label showing the 50% level.
Stop Calculations:
No line, box, or label is drawn if the 4th candle is a Type 1 (inside bar) or Type 2 (directional bar).
Visual Outputs:
Dotted Box: Marks the 1-3-1 combo setup.
50% Line: Drawn only if the 4th candle does not invalidate the pattern.
Label: Displays the 50% level of the 3rd candle.
How to Use:
Apply this script on the 12-hour chart.
The script will:
Detect valid 1-3-1 patterns.
Stop drawing any calculations if the 4th candle is an inside bar (1) or a directional bar (2).
Wait for the next valid 1-3-1 combo.
Sell Signal - William O'Neil's Rule VisualizationThis indicator might be helpful for traders looking to visualize William O’Neil’s sell condition, a well-known concept in his trading strategies. A sell signal is triggered when:
1. Volume increases compared to the previous day.
2. The price drops by a user-defined percentage (default: 0.2% or more).
The indicator highlights the background for bars meeting these conditions and adds a subtle circle above them. You can adjust the drop rate in the settings to match your preferences.
It could serve as a useful tool for identifying potential distribution days or profit-taking signals, helping traders manage risk during market pullbacks.
このインジケーターは、ウィリアム・オニールの売り抜け条件を可視化したもので、トレーダーの皆さんに役立つかもしれません。シグナルは次の条件を満たすと発生します：
1. 出来高が前日より増加している。
2. 価格がユーザー指定の割合（デフォルトは0.2%以上）で下落している。
条件を満たしたバーには背景色が付き、控えめな丸印が表示されます。設定で下落率を自由に調整することもできます。
このツールは、分配日や利益確定のシグナルを特定するのに役立つかもしれません。市場の調整局面でのリスク管理にご活用ください。
Refined SMA/EMA Crossover with Ichimoku and 200 SMA FilterYour **Refined SMA/EMA Crossover with Ichimoku and 200 SMA Filter** strategy is a multi-faceted technical trading strategy that combines several key technical indicators to refine entry and exit points for trades. Here's a breakdown of the components and how they work together:
### 1. **SMA/EMA Crossover**
- **Simple Moving Average (SMA) & Exponential Moving Average (EMA) Crossover**:
- The core idea behind the crossover strategy is to use the relationship between two moving averages to generate buy or sell signals.
- **SMA** (Simple Moving Average) gives an average of past prices over a set period.
- **EMA** (Exponential Moving Average) places more weight on recent prices, making it more responsive to price movements.
- A **bullish crossover** occurs when a shorter period moving average (such as a 50-period EMA) crosses above a longer period moving average (such as a 200-period SMA), signaling a potential buy.
- A **bearish crossover** occurs when a shorter period moving average crosses below the longer period moving average, signaling a potential sell.
### 2. **Ichimoku Cloud**
- The **Ichimoku Cloud** is a versatile indicator that provides insight into trend direction, support and resistance levels, and momentum.
- **Cloud (Kumo)**: The space between the Senkou Span A and Senkou Span B lines. It helps identify whether the market is in an uptrend, downtrend, or consolidation.
- **Tenkan-sen** (Conversion Line) and **Kijun-sen** (Base Line): These lines are used for additional confirmation of trend direction.
- **Chikou Span**: A lagging line that is used to confirm the trend.
- The general trading rules based on the Ichimoku Cloud are:
- **Bullish Signal**: When the price is above the cloud and the Tenkan-sen crosses above the Kijun-sen.
- **Bearish Signal**: When the price is below the cloud and the Tenkan-sen crosses below the Kijun-sen.
### 3. **200 SMA Filter**
- The **200 SMA Filter** serves as a long-term trend filter.
- When the price is **above the 200 SMA**, it signals a long-term bullish trend, and you only look for buying opportunities.
- When the price is **below the 200 SMA**, it signals a long-term bearish trend, and you only look for selling opportunities.
- This filter helps to avoid counter-trend trades, aligning your positions with the broader market trend.
### **How the Strategy Works Together**
- **Trade Setup (Long Position)**
1. The **200 SMA Filter** must confirm an **uptrend** by ensuring that the price is above the 200 SMA.
2. A **bullish crossover** (e.g., the 50 EMA crossing above the 200 SMA) occurs.
3. **Ichimoku Cloud** confirms a bullish trend, with the price above the cloud and the Tenkan-sen crossing above the Kijun-sen.
4. You enter a **long trade** with this confluence of signals.
- **Trade Setup (Short Position)**
1. The **200 SMA Filter** must confirm a **downtrend** by ensuring the price is below the 200 SMA.
2. A **bearish crossover** (e.g., the 50 EMA crossing below the 200 SMA) occurs.
3. **Ichimoku Cloud** confirms a bearish trend, with the price below the cloud and the Tenkan-sen crossing below the Kijun-sen.
4. You enter a **short trade** with this confluence of signals.
### **Exit Strategy**
- Exits can be determined based on any of the following:
- **SMA/EMA crossover reversal**: Exit when the shorter-term moving average crosses back below the longer-term moving average for a long position or crosses above for a short position.
- **Ichimoku Cloud reversal**: If the price breaks through the cloud or the Tenkan-sen and Kijun-sen lines cross in the opposite direction.
- **Profit target or stop loss**: Setting predefined profit targets or using a trailing stop to lock in profits as the trade moves in your favor.
Summary of the Strategy
This strategy is designed to identify strong trends and avoid false signals by combining:
SMA/EMA crossovers for immediate market direction signals.
Ichimoku Cloud for confirming the strength and trend direction.
A 200
SMA filter to ensure trades align with the long-term trend.
By using these multiple indicators together, the strategy aims to refine entry and exit points, minimize risk, and increase the likelihood of successful trades.
G&S SMT### Description of the Pine Script
This Pine Script is designed to identify **Smart Money Technique (SMT)** setups between **Gold (GC1!)** and **Silver (SI1!) Futures** on a **15-minute timeframe**. It specifically looks for divergences between the price movements of Gold and Silver over the last 4 candles and compares it with the next candle's price movement. The script provides **Bullish** and **Bearish** signals for SMT during a specified time range of **8:45 AM EST to 10:30 AM EST**.
### Key Features of the Script:
1. **Futures Symbols**:
- The script uses **Gold Futures (GC1!)** and **Silver Futures (SI1!)** on a 15-minute timeframe to monitor their price movements.
2. **Time Range Filtering**:
- The signals are only active between **8:45 AM EST and 10:30 AM EST**, ensuring that the script only signals within the most relevant trading hours for your strategy.
3. **SMT Calculation (Last 4 Candles vs Next Candle)**:
- **Gold and Silver Price Change Calculation**: The script compares the price changes of **Gold** and **Silver** over the **last 4 candles** and then compares them with the price movement of the **next candle**:
- **Bullish SMT**: Occurs when Gold shows an increase in the last 4 candles while Silver shows a decrease, and both Gold and Silver show an increase in the next candle.
- **Bearish SMT**: Occurs when Gold shows a decrease in the last 4 candles while Silver shows an increase, and both Gold and Silver show a decrease in the next candle.
4. **Bullish and Bearish Signals**:
- **Bullish SMT Signal**: The script will plot a **green** arrow below the bar when a Bullish SMT setup is identified.
- **Bearish SMT Signal**: A **red** arrow above the bar is plotted when a Bearish SMT setup is identified.
5. **Gold and Silver Difference Plot**:
- The difference between the prices of **Gold** and **Silver** is plotted as a **blue line**, giving a visual representation of the relationship between the two assets. When the difference line moves significantly, it can indicate a potential divergence or convergence in the prices of Gold and Silver.
### Script Logic Breakdown:
1. **Price Change for Last 4 Candles**:
- The script calculates the price change for Gold and Silver from the 4th-to-last candle to the last candle.
- `gold_change_last4` and `silver_change_last4` calculate these price differences.
2. **Price Change for Next Candle**:
- It then calculates the price change from the last candle to the next candle.
- `gold_change_next` and `silver_change_next` calculate these price differences.
3. **Bullish SMT Condition**:
- If Gold increased while Silver decreased in the last 4 candles, and both Gold and Silver show an increase in the next candle, it indicates a **Bullish SMT**.
4. **Bearish SMT Condition**:
- If Gold decreased while Silver increased in the last 4 candles, and both Gold and Silver show a decrease in the next candle, it indicates a **Bearish SMT**.
5. **Time Filter**:
- Signals are only plotted when the current time is between **8:45 AM EST and 10:30 AM EST** to match your preferred trading hours.
### Visualization:
- **Bullish Signals**: Plotted as **green arrows** below the bars when a Bullish SMT setup is identified.
- **Bearish Signals**: Plotted as **red arrows** above the bars when a Bearish SMT setup is identified.
- **Gold - Silver Difference**: A **blue line** is plotted to show the price difference between Gold and Silver, helping visualize any divergence.
### How It Helps:
- **Divergence Identification**: This script highlights potential divergences between Gold and Silver Futures, which can provide insights into market sentiment and smart money movements.
- **Focus on Relevant Time Frame**: By filtering signals between 8:45 AM EST and 10:30 AM EST, you are focusing on a timeframe that can be more beneficial for trading.
- **Visual Clarity**: The arrows and the price difference line provide clear signals and a visual representation of the relationship between Gold and Silver, helping you make informed trading decisions.
This script is an automated approach to detecting **SMT setups** and helping traders recognize when Gold and Silver might be signaling a bullish or bearish move based on their divergence patterns.
Inside Bar Breakout/Fakeout with AI Scenarios [Yosiet]Inside Bar Breakout/Fakeout Indicator with Scenarios
The Indicator is a powerful tool for traders looking to identify potential breakout and fakeout opportunities based on inside bar patterns. This indicator combines multiple technical analysis concepts to provide a comprehensive view of market behavior, helping traders make more informed decisions.
Key Features
Inside bar detection with filtering
Breakout and fakeout identification
Three distinct scenario detections
Customizable moving average calculations
Flexible visualization options
Alert conditions for various events
How It Works
The indicator identifies inside bars and filters them based on a maximum number of consecutive inside bars. It then detects breakouts and fakeouts using user-defined parameters. The script also calculates moving averages to determine trend direction.
Three specific scenarios are detected:
Strong breakout followed by a strong reversal
Weak breakout with multiple doji/weak candles
Strong breakout without reversal
These scenarios are visually represented on the chart, allowing traders to quickly identify potential trading opportunities.
How to Use
Apply the indicator to your chart
Adjust the input parameters to suit your trading style
Look for inside bar patterns and subsequent breakouts/fakeouts
Pay attention to the three scenario markers for additional context
Use the alert conditions to stay informed of potential opportunities
