Classic Nacked Z-Score ArbitrageThe “Classic Naked Z-Score Arbitrage” strategy employs a statistical arbitrage model based on the Z-score of the price spread between two assets. This strategy follows the premise of pair trading, where two correlated assets, typically from the same market sector, are traded against each other to profit from relative price movements (Gatev, Goetzmann, & Rouwenhorst, 2006). The approach involves calculating the Z-score of the price spread between two assets to determine market inefficiencies and capitalize on short-term mispricing.
Methodology
Price Spread Calculation:
The strategy calculates the spread between the two selected assets (Asset A and Asset B), typically from different sectors or asset classes, on a daily timeframe.
Statistical Basis – Z-Score:
The Z-score is used as a measure of how far the current price spread deviates from its historical mean, using the standard deviation for normalization.
Trading Logic:
• Long Position:
A long position is initiated when the Z-score exceeds the predefined threshold (e.g., 2.0), indicating that Asset A is undervalued relative to Asset B. This signals an arbitrage opportunity where the trader buys Asset B and sells Asset A.
• Short Position:
A short position is entered when the Z-score falls below the negative threshold, indicating that Asset A is overvalued relative to Asset B. The strategy involves selling Asset B and buying Asset A.
Theoretical Foundation
This strategy is rooted in mean reversion theory, which posits that asset prices tend to return to their long-term average after temporary deviations. This form of arbitrage is widely used in statistical arbitrage and pair trading techniques, where investors seek to exploit short-term price inefficiencies between two assets that historically maintain a stable price relationship (Avery & Sibley, 2020).
Further, the Z-score is an effective tool for identifying significant deviations from the mean, which can be seen as a signal for the potential reversion of the price spread (Braucher, 2015). By capturing these inefficiencies, traders aim to profit from convergence or divergence between correlated assets.
Practical Application
The strategy aligns with the Financial Algorithmic Trading and Market Liquidity analysis, emphasizing the importance of statistical models and efficient execution (Harris, 2024). By utilizing a simple yet effective risk-reward mechanism based on the Z-score, the strategy contributes to the growing body of research on market liquidity, asset correlation, and algorithmic trading.
The integration of transaction costs and slippage ensures that the strategy accounts for practical trading limitations, helping to refine execution in real market conditions. These factors are vital in modern quantitative finance, where liquidity and execution risk can erode profits (Harris, 2024).
References
• Gatev, E., Goetzmann, W. N., & Rouwenhorst, K. G. (2006). Pairs Trading: Performance of a Relative-Value Arbitrage Rule. The Review of Financial Studies, 19(3), 1317-1343.
• Avery, C., & Sibley, D. (2020). Statistical Arbitrage: The Evolution and Practices of Quantitative Trading. Journal of Quantitative Finance, 18(5), 501-523.
• Braucher, J. (2015). Understanding the Z-Score in Trading. Journal of Financial Markets, 12(4), 225-239.
• Harris, L. (2024). Financial Algorithmic Trading and Market Liquidity: A Comprehensive Analysis. Journal of Financial Engineering, 7(1), 18-34.
Educational
Finite Difference - Backward (mcbw_)In calculus there exists a 'derivative', which simply just measures the difference between two points on a curve. For well behaved mathematical functions there are infinitely many points and so there exists a derivative at every point. Where there are infinitely many points in a curve that curve is called 'continuous'. Continuous curves are very nice to deal with since each point on it exists almost exactly where its neighbors are. However, if the curve does not have infinitely many points on it, but instead has a finite number of points on it, that curve is called 'discrete' instead of continuous. Taking the derivative of discrete curves is much trickier business since there are none of the mathematical conveniences that a continuous offers. In the real world everything we measure is a discrete curve, including Price (since we measure it a finite number of times, aka each candlestick)!
The branch of Discrete Mathematics has found an approach to measure the derivative along a discrete curve, that approach is aptly called " Finite Difference ". To get a more accurate approximation of a discrete derivative, the finite difference approach uses weighted combinations of neighboring points. The most common type of finite difference is a 'central' difference, this uses a combination of points before and after the point of interest to approximate the discrete derivative. This is great for historical analysis but is not of much use for trading algorithms since it technically means using future prices to calculate the derivative of the current point. Instead we can use a less common variant called a ' Backwards Difference ' that only uses a combination of points before the current one to help approximate the current derivative.
In this script you can choose the " Order " of your derivative and the " Accuracy " of its approximation. This script is for educational purposes for folks building trading algorithms. Many trading algorithms often have an element of seeing how much Price has changed from the previous candle to the current candle. This approach is the lowest accuracy derivative possible, and using the backwards finite differences, made available for the first time on TradingView (!!), algorithms that use derivatives can now have higher orders of accuracy!
Happy Trading/Developing!
QoQ Economic & Financial Indicator ChangesA straightforward indicator for analyzing quarter-over-quarter (QoQ) percentage changes in economic and financial data series. Perfect for visualizing dynamic changes in:
Economic Indicators (GDP, House Price Indices, Employment Figures)
Company Financial Metrics (Revenue, EPS, Operating Margins)
Balance Sheet Items (Assets, Liabilities, Equity)
Cash Flow Statement Components
Other Quarterly Economic & Financial Data
Features:
Automatically calculates QoQ percentage changes
Color-coded visualization (green for positive, red for negative changes)
Displays exact percentage values
Includes adjustable scale factor for different data series
Zero line reference for easy trend identification
ELHAI Futures Trend Checker (ES, NQ, YM)The ELHAI Futures Trend Checker is a powerful TradingView indicator designed for futures traders who want to monitor the trend synchronization of the three major U.S. futures indices:
✅ E-mini S&P 500 (ES1!)
✅ E-mini Nasdaq 100 (NQ1!)
✅ E-mini Dow Jones (YM1!)
This indicator checks whether all three futures indices are bullish or bearish during each candle formation. If one of them is out of sync (e.g., two indices are bullish while one is bearish), the indicator triggers an alert and highlights the background in red, helping traders identify potential market indecision or divergence.
Key Features
📌 Designed for Futures Traders – Focuses on ES, NQ, and YM futures contracts.
📌 Live Market Monitoring – Works in real-time and updates dynamically with each tick.
📌 Bullish/Bearish Trend Confirmation – Detects when all three indices are in sync.
📌 Mismatch Detection – Alerts you when at least one index is out of trend.
📌 Custom Alerts – Set up TradingView alerts to be notified instantly when a trend mismatch occurs.
📌 Visual Background Highlight – A red background warns of a market divergence.
How It Works
The script retrieves open and close prices for ES, NQ, and YM.
Determines whether each futures index is bullish (close > open) or bearish (close < open).
If all three indices are bullish or all are bearish, it remains neutral.
If one index is different, an alert is triggered and the background turns red.
How to Use
Apply the indicator to your TradingView chart.
Choose any timeframe – Works well on intraday, daily, or higher timeframes.
Enable alerts: Go to Alerts → Create Alert, select "Futures Trend Mismatch", and set your preferred alert frequency.
Use alongside other indicators like moving averages, RSI, or MACD for better trade confirmation.
Best Use Cases
✔ Day traders & scalpers – Quickly spot market divergence in live trading.
✔ Swing traders – Identify when futures markets lose synchronization.
✔ Trend followers – Confirm if all major futures markets are aligned before making a move.
Final Notes
This indicator was built for Elhai to provide real-time trend analysis across major U.S. futures indices. Use it as a confirmation tool to improve market timing and decision-making.
ICT Killzones + Macros [TakingProphets]The ICT Killzones indicator is a powerful tool designed to visualize key trading sessions and market timing elements used in ICT (Inner Circle Trader) methodology. It includes:
• Session Markers:
- Asia Session
- London Session
- NY AM Session
- NY Lunch Session
- NY PM Session
• Key Price Levels:
- Session high/low levels that extend until violated
- Midnight Open price level (dotted line)
- True Day Open price level (6 PM EST, dotted line)
• ICT Macro Timing:
- First Macro: 9:45 AM - 10:15 AM EST
- Second Macro: 10:45 AM - 11:15 AM EST
- Distinctive L-shaped brackets marking start and end times
Features:
• Fully customizable colors and styles for all elements
• Adjustable label positions and sizes
• Toggle options for each component
• Smart timeframe filtering
• Clean, uncluttered visual design
This indicator helps traders identify key market structure points, session transitions, and optimal trading windows based on ICT concepts.
EMA Study Script for Price Action Traders, v2JR_EMA Research Tool Documentation
Version 2 Enhancements
Version 2 of the JR_EMA Research Tool introduces several powerful features that make it particularly valuable for studying price action around Exponential Moving Averages (EMAs). The key improvements focus on tracking and analyzing price-EMA interactions:
1. Cross Detection and Counting
- Implements flags for crossing bars that instantly identify when price crosses above or below the EMA
- Maintains running counts of closes above and below the EMA
- This feature helps students understand the persistence of trends and the frequency of EMA interactions
2. Bar Number Tracking
- Records the specific bar number when EMA crosses occur
- Stores the previous crossing bar number for reference
- Enables precise measurement of time between crosses, helping identify typical trend durations
3. Variable Reset Management
- Implements sophisticated reset logic for all counting variables
- Ensures accuracy when analyzing multiple trading sessions
- Critical for maintaining clean data when studying patterns across different timeframes
4. Cross Direction Tracking
- Monitors the direction of the last EMA cross
- Helps students identify the current trend context
- Essential for understanding trend continuation vs reversal scenarios
Educational Applications
Price-EMA Relationship Studies
The tool provides multiple ways to study how price interacts with EMAs:
1. Visual Analysis
- Customizable EMA bands show typical price deviation ranges
- Color-coded fills help identify "normal" vs "extreme" price movements
- Three different band calculation methods offer varying perspectives on price volatility
2. Quantitative Analysis
- Real-time tracking of closes above/below EMA
- Running totals help identify persistent trends
- Cross counting helps understand typical trend duration
Research Configurations
EMA Configuration
- Adjustable EMA period for studying different trend timeframes
- Customizable EMA color for visual clarity
- Ideal for comparing different EMA periods' effectiveness
Bands Configuration
Three distinct calculation methods:
1. Full Average Bar Range (ABR)
- Uses the entire range of price movement
- Best for studying overall volatility
2. Body Average Bar Range
- Focuses on the body of the candle
- Excellent for studying conviction in price moves
3. Standard Deviation
- Traditional statistical approach
- Useful for comparing to other technical studies
Signal Configuration
- Optional signal plotting for entry/exit studies
- Helps identify potential trading opportunities
- Useful for backtesting strategy ideas
Using the Tool for Study
Basic Analysis Steps
1. Start with the default 20-period EMA
2. Observe how price interacts with the EMA line
3. Monitor the data window for quantitative insights
4. Use band settings to understand normal price behavior
Advanced Analysis
1. Pattern Recognition
- Use the cross counting system to identify typical pattern lengths
- Study the relationship between cross frequency and trend strength
- Compare different timeframes for fractal analysis
2. Volatility Studies
- Compare different band calculation methods
- Identify market regimes through band width changes
- Study the relationship between volatility and trend persistence
3. Trend Analysis
- Use the closing price count system to measure trend strength
- Study the relationship between trend duration and subsequent reversals
- Compare different EMA periods for optimal trend following
Best Practices for Research
1. Systematic Approach
- Start with longer timeframes and work down
- Document observations about price behavior in different market conditions
- Compare results across multiple symbols and timeframes
2. Data Collection
- Use the data window to record significant events
- Track the number of bars between crosses
- Note market conditions when signals appear
3. Optimization Studies
- Test different EMA periods for your market
- Compare band calculation methods for your trading style
- Document which settings work best in different market conditions
Technical Implementation Notes
This tool is particularly valuable for educational purposes because it combines visual and quantitative analysis in a single interface, allowing students to develop both intuitive and analytical understanding of price-EMA relationships.
First 9:15-9:20 Candle Levels (Daily)This indicator captures the closing price of the first 5-minute candle (9:15 - 9:20 AM) every trading day. It then calculates 0.09% above and below this closing price and plots horizontal lines. The indicator resets daily at 9:15 AM, ensuring it always tracks the latest market open. After 9:20 AM, the calculated levels remain visible throughout the day. The upper level is displayed in green, while the lower level is in red. This tool helps traders identify key price levels early in the session, useful for setting stop-losses, take-profit zones, or identifying potential breakout points.
TDI 7 MA and HISTOGRAMTDI %K Histogram with 7 MA
Overview
This indicator enhances trend and momentum analysis using the %K line from the Traders Dynamic Index (TDI), combined with a 7-period moving average (MA) and a histogram.
How It Works
The script calculates %K (similar to Stochastic RSI), representing the relative price position within a given range.
A 7-period Simple Moving Average (SMA) is applied to smooth the %K line, reducing noise and improving trend clarity.
A histogram is plotted based on the difference between %K and the 7-period MA:
Green bars indicate that %K is above the 7-period MA, suggesting bullish momentum.
Red bars indicate that %K is below the 7-period MA, suggesting bearish momentum.
Key Features
-%K Line (Blue) – Reflects short-term momentum shifts.
-7-period MA (Purple) – Helps smooth out fluctuations in %K for better trend identification.
-Histogram (Green/Red Columns) – Highlights momentum shifts visually.
Overbought (68), Midpoint (50), and Oversold (32) Levels – Provides reference points for potential reversals or trend continuation.
How to Use
Bullish Confirmation: When the histogram turns green and %K is above the 7 MA, it suggests upward momentum.
Bearish Confirmation: When the histogram turns red and %K is below the 7 MA, it suggests downward momentum.
Overbought/Oversold Conditions: Use the 68 and 32 levels as potential reversal zones, but always confirm with price action.
Midpoint (50 Level): Acts as a dynamic support/resistance area for momentum shifts.
This indicator is suitable for trend-following and momentum-based trading strategies, whether on lower timeframes for scalping or higher timeframes for swing trading.
Try it out and integrate it with your trading system to refine your entries and exits!
Investment Tracker Profit/lossThe Investment Tracker is a custom-built indicator designed to help traders and investors track their performance in real time. With this tool, you can easily monitor the gains or losses from your initial investment based on the price movement of a specific token. The indicator dynamically updates to show how much you've earned or lost, providing valuable insights into your investment strategy.
Key Features:
Profit/Loss Tracking: Instantly see whether you're in profit (green) or loss (red) based on the token's price movement.
Current Value Calculation: Tracks your investment’s current value by comparing the price at which you bought the token with its current price.
Visual Representation: Displays your initial investment, current value, and profit/loss on the chart with dynamic color coding (green for profit, red for loss).
Top-Right Display: Profit/loss data is conveniently displayed in the top-right corner of the chart, providing a clean and non-intrusive way to monitor your position.
Transparency: The indicator's lines have reduced opacity, allowing you to view your position without obstructing the price action.
How to Use:
Input your initial investment amount (in USD or your desired currency).
Set the buy price of the token when you made the purchase.
Watch the indicator update as the price of the token changes, providing real-time tracking of your profit or loss.
Whether you're holding a single position or monitoring multiple investments, this tracker gives you a clear and up-to-date view of how your portfolio is performing.
Perfect For:
Crypto traders who want to monitor their positions in real time.
Long-term investors looking to track the performance of their investments.
Anyone who wants a simple, visual way to measure their gains and losses in the market.
On Balance Volume with Cross DetectionThis indicator enhances the On Balance Volume (OBV) indicator by detecting and visually highlighting crossovers and crossunders between the OBV and its smoothed moving average. The script colors the background of the chart to make these key events more noticeable: red highlights a bearish crossunder when the OBV crosses below the smoothed OBV, while green marks a bullish crossover when the OBV crosses above the smoothed OBV. By focusing on these significant interactions, the script provides traders with a clear visual cue to help identify potential buying and selling opportunities based on the relationship between OBV and its smoothed trend.
This script offers several customizable features to suit different trading preferences. The main editable parameter is the type of moving average used to smooth the OBV: you can choose from options such as Simple Moving Average (SMA), Exponential Moving Average (EMA), Smoothed Moving Average (RMA), Weighted Moving Average (WMA), or Volume Weighted Moving Average (VWMA). The length of the moving average can also be adjusted to better match the trader’s desired sensitivity, with the default set to 14 periods. These options allow traders to tailor the script to their preferred smoothing method and time frame, making it a flexible tool for a variety of strategies. The ability to switch between different moving averages and adjust their lengths ensures that the script can be adapted to various market conditions and trading styles.
This indicator enhances the analysis of the On Balance Volume (OBV) indicator by visually highlighting key crossovers and crossunders with its smoothed moving average. With customizable settings for different moving averages and lengths, traders can tailor the script to their specific strategies. By offering clear visual cues through background coloring, it helps quickly identify potential buy and sell signals. When combined with other technical analysis tools, this script can further improve trading decisions by providing additional context and confirmation, allowing traders to create a more robust and comprehensive trading strategy.
HTC peppermint_07 CCI w signal + s&r RSI
This CCI version enhances the traditional Commodity Channel Index (CCI) by integrating a dynamically calculated Relative Strength Index (RSI) that acts as support and resistance as shown in the screenshot, it can add as a confirmation to the divergence found in the CCI.
Key Features:
Enhanced CCI: The primary plot (black line but customizable) represents the standard CCI, providing insight into price momentum and potential overbought/oversold conditions.
Dynamic RSI Support/Resistance: The upper and lower bands (medium cyan line) are derived from a smoothed RSI, dynamically adjusting to the current market volatility. These bands serve as potential support and resistance levels for the CCI as additional confirmation for the divergence.
Overbought/Oversold Zones: The traditional overbought (+100) and oversold (-100) levels for CCI are marked with horizontal dotted lines.
Benefits:
Improved Entry/Exit Signals: Combining CCI with dynamic RSI support/resistance may offer more precise trading signals compared to using CCI alone.
Dynamic Adaptation: The RSI-based bands adapt to changing market conditions, potentially providing more relevant support and resistance levels.
Divergence Confirmation: dynamic s&r RSI adds confluence to potential trend reversals identified by the CCI.
Potential Usage:
Traders might use this indicator to:
Identify potential overbought/oversold conditions using the CCI and its relationship to the dynamic RSI bands.
Look for breakouts beyond the dynamic support/resistance levels as potential entry points.
Confirm potential trend reversals using RSI divergence (cyan and red label above divergence) signals.
Further Development Considerations:
Customizable Parameters: Allowing users to adjust the CCI length, RSI periods, and smoothing factors would enhance flexibility.
Alert Conditions: Adding alerts for breakouts, overbought/oversold conditions, and divergence signals would improve usability.
Backtesting: Thoroughly backtesting the indicator's performance across different assets and timeframes is essential before using it for live trading.
DISCLAIMER: !!
indicator is a custom technical analysis tool designed for educational and informational purposes only. It should not be construed as financial advice or a recommendation to buy or sell any security. Trading involves substantial risk of loss and may not be suitable for all investors.
Key Points to Consider:
No Guarantee of Profitability: The indicator's past performance is not indicative of future results. No trading strategy can guarantee profits or eliminate the risk of losses. You could lose some or all of your investment.
Use at Your Own Risk: Use of this indicator is solely at your own discretion and risk. You are responsible for your trading decisions. The developers and distributors of this indicator are not liable for any losses incurred as a result of using it.
Not Financial Advice: This indicator does not provide financial advice. Consult with a qualified financial advisor before making any investment decisions.
Backtesting Limitations: Backtested results, if presented, should be viewed with caution. Past performance may not reflect future results due to various factors, including changing market conditions and the limitations of backtesting methodologies.
Indicator Limitations: Technical indicators, including this one, are not perfect. They can generate false signals, and their effectiveness can vary depending on market conditions and the specific parameters used.
Parameter Optimization: Optimizing indicator parameters for past performance can lead to overfitting, which may not translate to future profitability.
No Warranty: The indicator is provided "as is" without any warranty of any kind, either express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, or non-infringement.
Changes and Updates: The developers may make changes or updates to the indicator without notice.
By using the "HTC peppermint_07 CCI w signal + s&r RSI" indicator, you acknowledge and agree to the terms of this disclaimer. If you do not agree with these terms, do not use the indicator.
MA Win RateMoving Average Cross Win Rate
This simple yet useful script calculates the percentage of times a moving average crossover successfully predicts price movement.
Win Conditions:
1] A Golden Cross (fast MA crossing above slow MA) where the price moves up afterward.
2] A Death Cross (fast MA crossing below slow MA) where the price moves down afterward.
In this script, I have used a Simple Moving Average (SMA) for illustration.
You can modify the code to apply any type of moving average and test its accuracy.
NDTECH Tool-N1CPR (Central Pivot Range) is a popular trading indicator used in technical analysis to identify potential support and resistance levels. It is based on the concept of pivot points, which are calculated using the high, low, and close prices of the previous trading session. The CPR indicator provides three key levels: the Central Pivot (P), the Bottom Central Pivot (BC), and the Top Central Pivot (TC).
Key Components of CPR:
Central Pivot (P): This is the primary level and is calculated as the average of the high, low, and close prices of the previous session.
P=High+Low+Close3
P=3High+Low+Close
Bottom Central Pivot (BC): This level acts as a support level and is calculated as the average of the Central Pivot and the low of the previous session.
BC=P+Low2
BC=2P+Low
Top Central Pivot (TC): This level acts as a resistance level and is calculated as the average of the Central Pivot and the high of the previous session.
TC=P+High2
TC=2P+High
Explanation:
request.security: This function is used to fetch the high, low, and close prices of the previous day. The "D" parameter specifies the daily timeframe.
plot: This function is used to plot the CPR levels on the chart.
fill: This function is used to highlight the area between the BC and TC levels, providing a visual representation of the CPR range.
Usage:
Support and Resistance: Traders use the CPR levels to identify potential support (BC) and resistance (TC) levels. Price action around these levels can provide insights into market sentiment.
Trend Identification: If the price is consistently above the Central Pivot (P), it may indicate a bullish trend, while prices below P may indicate a bearish trend.
Breakout Trading: Breakouts above TC or below BC can signal potential trading opportunities.
Conclusion:
The CPR indicator is a versatile tool that can be used in various trading strategies. By implementing it in Pine Script, traders can customize and automate their analysis on the TradingView platform, making it easier to identify key levels and make informed trading decisions.
High-Low Breakout Strategy with ATR traling Stop LossThis script is a TradingView Pine Script strategy that implements a High-Low Breakout Strategy with ATR Trailing Stop.created by SK WEALTH GURU, Here’s a breakdown of its key components:
Features and Functionality
Custom Timeframe and High-Low Detection
Allows users to select a custom timeframe (default: 30 minutes) to detect high and low levels.
Tracks the high and low within a user-specified period (e.g., first 30 minutes of the session).
Draws horizontal lines for high and low, persisting for a specified number of days.
Trade Entry Conditions
Long Entry: If the closing price crosses above the recorded high.
Short Entry: If the closing price crosses below the recorded low.
The user can choose to trade Long, Short, or Both.
ATR-Based Trailing Stop & Risk Management
Uses Average True Range (ATR) with a multiplier (default: 3.5) to determine a dynamic trailing stop-loss.
Trades reset daily, ensuring a fresh start each day.
Trade Execution and Partial Profit Taking
Stop-loss: Default at 1% of entry price.
Partial profit: Books 50% of the position at 3% profit.
Max 2 trades per day: If the first trade hits stop-loss, the strategy allows one re-entry.
Intraday Exit Condition
All positions close at 3:15 PM to ensure no overnight risk.
Multi-indicator Signal Builder [Skyrexio]Overview
Multi-Indicator Signal Builder is a versatile, all-in-one script designed to streamline your trading workflow by combining multiple popular technical indicators under a single roof. It features a single-entry, single-exit logic, intrabar stop-loss/take-profit handling, an optional time filter, a visually accessible condition table, and a built-in statistics label. Traders can choose any combination of 12+ indicators (RSI, Ultimate Oscillator, Bollinger %B, Moving Averages, ADX, Stochastic, MACD, PSAR, MFI, CCI, Heikin Ashi, and a “TV Screener” placeholder) to form entry or exit conditions. This script aims to simplify strategy creation and analysis, making it a powerful toolkit for technical traders.
Indicators Overview
1. RSI (Relative Strength Index)
Measures recent price changes to evaluate overbought or oversold conditions on a 0–100 scale.
2. Ultimate Oscillator (UO)
Uses weighted averages of three different timeframes, aiming to confirm price momentum while avoiding false divergences.
3. Bollinger %B
Expresses price relative to Bollinger Bands, indicating whether price is near the upper band (overbought) or lower band (oversold).
4. Moving Average (MA)
Smooths price data over a specified period. The script supports both SMA and EMA to help identify trend direction and potential crossovers.
5. ADX (Average Directional Index)
Gauges the strength of a trend (0–100). Higher ADX signals stronger momentum, while lower ADX indicates a weaker trend.
6. Stochastic
Compares a closing price to a price range over a given period to identify momentum shifts and potential reversals.
7. MACD (Moving Average Convergence/Divergence)
Tracks the difference between two EMAs plus a signal line, commonly used to spot momentum flips through crossovers.
8. PSAR (Parabolic SAR)
Plots a trailing stop-and-reverse dot that moves with the trend. Often used to signal potential reversals when price crosses PSAR.
9. MFI (Money Flow Index)
Similar to RSI but incorporates volume data. A reading above 80 can suggest overbought conditions, while below 20 may indicate oversold.
10. CCI (Commodity Channel Index)
Identifies cyclical trends or overbought/oversold levels by comparing current price to an average price over a set timeframe.
11. Heikin Ashi
A type of candlestick charting that filters out market noise. The script uses a streak-based approach (multiple consecutive bullish or bearish bars) to gauge mini-trends.
12. TV Screener
A placeholder condition designed to integrate external buy/sell logic (like a TradingView “Buy” or “Sell” rating). Users can override or reference external signals if desired.
Unique Features
1. Multi-Indicator Entry and Exit
You can selectively enable any subset of 12+ classic indicators, each with customizable parameters and conditions. A position opens only if all enabled entry conditions are met, and it closes only when all enabled exit conditions are satisfied, helping reduce false triggers.
2. Single-Entry / Single-Exit with Intrabar SL/TP
The script supports a single position at a time. Once a position is open, it monitors intrabar to see if the price hits your stop-loss or take-profit levels before the bar closes, making results more realistic for fast-moving markets.
3. Time Window Filter
Users may specify a start/end date range during which trades are allowed, making it convenient to focus on specific market cycles for backtesting or live trading.
4. Condition Table and Statistics
A table at the bottom of the chart lists all active entry/exit indicators. Upon each closed trade, an integrated statistics label displays net profit, total trades, win/loss count, average and median PnL, etc.
5. Seamless Alerts and Automation
Configure alerts in TradingView using “Any alert() function call.”
The script sends JSON alert messages you can route to your own webhook.
The indicator can be integrated with Skyrexio alert bots to automate execution on major cryptocurrency exchanges
6. Optional MA/PSAR Plots
For added visual clarity, optionally plot the chosen moving averages or PSAR on the chart to confirm signals without stacking multiple indicators.
Methodology
1. Multi-Indicator Entry Logic
When multiple entry indicators are enabled (e.g., RSI + Stochastic + MACD), the script requires all signals to align before generating an entry. Each indicator can be set for crossovers, crossunders, thresholds (above/below), etc. This “AND” logic aims to filter out low-confidence triggers.
2. Single-Entry Intrabar SL/TP
One Position At a Time: Once an entry signal triggers, a trade opens at the bar’s close.
Intrabar Checks: Stop-loss and take-profit levels (if enabled) are monitored on every tick. If either is reached, the position closes immediately, without waiting for the bar to end.
3. Exit Logic
All Conditions Must Agree: If the trade is still open (SL/TP not triggered), then all enabled exit indicators must confirm a closure before the script exits on the bar’s close.
4. Time Filter
Optional Trading Window: You can activate a date/time range to constrain entries and exits strictly to that interval.
Justification of Methodology
Indicator Confluence: Combining multiple tools (RSI, MACD, etc.) can reduce noise and false signals.
Intrabar SL/TP: Capturing real-time spikes or dips provides a more precise reflection of typical live trading scenarios.
Single-Entry Model: Straightforward for both manual and automated tracking (especially important in bridging to bots).
Custom Date Range: Helps refine backtesting for specific market conditions or to avoid known irregular data periods.
How to Use
1. Add the Script to Your Chart
In TradingView, open Indicators , search for “Multi-indicator Signal Builder”.
Click to add it to your chart.
2. Configure Inputs
Time Filter: Set a start and end date for trades.
Alerts Messages: Input any JSON or text payload needed by your external service or bot.
Entry Conditions: Enable and configure any indicators (e.g., RSI, MACD) for a confluence-based entry.
Close Conditions: Enable exit indicators, along with optional SL (negative %) and TP (positive %) levels.
3. Set Up Alerts
In TradingView, select “Create Alert” → Condition = “Any alert() function call” → choose this script.
Entry Alert: Triggers on the script’s entry signal.
Close Alert: Triggers on the script’s close signal (or if SL/TP is hit).
Skyrexio Alert Bots: You can route these alerts via webhook to Skyrexio alert bots to automate order execution on major crypto exchanges (or any other supported broker).
4. Visual Reference
A condition table at the bottom summarizes active signals.
Statistics Label updates automatically as trades are closed, showing PnL stats and distribution metrics.
Backtesting Guidelines
Symbol/Timeframe: Works on multiple assets and timeframes; always do thorough testing.
Realistic Costs: Adjust commissions and potential slippage to match typical exchange conditions.
Risk Management: If using the built-in stop-loss/take-profit, set percentages that reflect your personal risk tolerance.
Longer Test Horizons: Verify performance across diverse market cycles to gauge reliability.
Example of statistic calculation
Test Period: 2023-01-01 to 2025-12-31
Initial Capital: $1,000
Commission: 0.1%, Slippage ~5 ticks
Trade Count: 468 (varies by strategy conditions)
Win rate: 76% (varies by strategy conditions)
Net Profit: +96.17% (varies by strategy conditions)
Disclaimer
This indicator is provided strictly for informational and educational purposes .
It does not constitute financial or trading advice.
Past performance never guarantees future results.
Always test thoroughly in demo environments before using real capital.
Enjoy exploring the Multi-Indicator Signal Builder! Experiment with different indicator combinations and adjust parameters to align with your trading preferences, whether you trade manually or link your alerts to external automation services. Happy trading and stay safe!
Multi Stochastic AlertHello Everyone,
I have created a Multi Stochastic Alert based on Scalping Strategy
The Strategy uses below 4 Stochastic indicator:
1. Stochastic (9,3)
2. Stochastic (14,3)
3. Stochastic (40,4)
4. Stochastic (60,10)
Trade entry become active when all of these goes below 20 or above 80, In this indicator you don't need to use all 4, this will show red and green background whenever all of them goes below 20 or above 80.
As shown in picture below, it works better when script is making a channel, Our indicator shows green or red signal, we wait for RSI Divergence and we enter. We book when blue line (9,3) goes above 80, as shown by arrow, and trail rest at breakeven or your own trailing method
Same Situation shown for Short side. We book 50% when Blue line (9,3) Goes below 20 and trail rest at breakeven or your own trailing method
Happy trading, Let me know if any improvements required.
Market Sessions and OverlapsMarket Sessions and Overlaps Indicator
This script, titled " Market Sessions and Overlaps ," provides a detailed visualization of major global trading sessions—Asia, Europe, and New York—along with the periods where these sessions overlap. It is designed to assist traders in understanding session timings and overlaps in their local time zone. Key features include:
Session Visualization: Highlights the Asia, Europe, and New York trading sessions directly on the chart with customizable colors and transparency for better clarity.
Overlap Identification: Marks the overlapping periods between Asia-Europe and Europe-New York sessions, where market activity often intensifies, with distinct candle colors.
Time Zone Support: The script allows users to select their local time zone, ensuring all session times are displayed accurately, no matter the user’s location.
Alerts for Key Events: Includes optional alerts to notify users of session openings, closings, and the start or end of overlap periods.
This indicator serves as a visual tool for tracking session-specific activity and liquidity. It is configurable to match individual preferences, enabling better alignment with trading strategies.
Disclaimer: This script is for informational purposes only and does not provide financial advice. Please consult a licensed financial advisor for personalized trading guidance.
Auto Fibonacci Extension and Retracement with Visual AlertsThis indicator automatically calculates and plots Fibonacci retracement and extension levels based on recent swing highs and lows, making it a powerful tool for traders who use Fibonacci analysis in their strategies.
Key Features:
• Dynamic Fibonacci Levels: Automatically detects swing highs and lows over a user-defined lookback period to calculate key Fibonacci retracement (e.g., 0.236, 0.382, 0.618, etc.) and extension (e.g., 1.618, 2.618, etc.) levels.
• Visual Alerts: Displays intuitive visual alerts when the price crosses important Fibonacci levels.
• Blue dashed lines for retracement levels.
• Green dashed lines for extension levels.
• Labels with up or down arrows indicating price interactions with these levels.
• Swing High/Low Visualization: Marks recent swing highs and lows with crosses for better clarity.
• Customizable: Adjust the lookback period and Fibonacci levels to suit your trading style.
Who is it for?
This indicator is perfect for:
• Swing Traders: To identify potential reversal or continuation zones.
• Day Traders: For short-term setups based on Fibonacci levels.
• Fibonacci Enthusiasts: To automate the time-consuming process of manually plotting levels.
Usage Ideas:
1. Use retracement levels (e.g., 0.618) to identify areas of potential support or resistance.
2. Use extension levels (e.g., 1.618) to target potential breakout or continuation zones.
3. Combine this indicator with candlestick patterns, volume analysis, or other tools for confirmation.
Limitations:
• This is a standalone indicator and does not provide buy/sell signals. It’s recommended to combine it with other technical analysis tools for best results.
• The lookback period and swing detection rely on past data, so adjustments may be needed based on the asset or timeframe.
Whether you’re looking to streamline your Fibonacci analysis or explore new opportunities in your trading, this indicator is designed to save time, increase accuracy, and enhance your overall trading experience.
IU Range Trading StrategyIU Range Trading Strategy
The IU Range Trading Strategy is designed to identify range-bound markets and take trades based on defined price ranges. This strategy uses a combination of price ranges and ATR (Average True Range) to filter entry conditions and incorporates a trailing stop-loss mechanism for better trade management.
User Inputs:
- Range Length: Defines the number of bars to calculate the highest and lowest price range (default: 10).
- ATR Length: Sets the length of the ATR calculation (default: 14).
- ATR Stop-Loss Factor: Determines the multiplier for the ATR-based stop-loss (default: 2.00).
Entry Conditions:
1. A range is identified when the difference between the highest and lowest prices over the selected range is less than or equal to 1.75 times the ATR.
2. Once a valid range is formed:
- A long trade is triggered at the range high.
- A short trade is triggered at the range low.
Exit Conditions:
1. Trailing Stop-Loss:
- The stop-loss adjusts dynamically using ATR targets.
- The strategy locks in profits as the trade moves in your favor.
2. The stop-loss and take-profit levels are visually plotted for transparency and easier decision-making.
Features:
- Automated box creation to visualize the trading range.
- Supports one position at a time, canceling opposite-side entries.
- ATR-based trailing stop-loss for effective risk management.
- Clear visual representation of stop-loss and take-profit levels with colored bands.
This strategy works best in markets with defined ranges and can help traders identify breakout opportunities when the price exits the range.
2022 Model ICT Entry Strategy [TradingFinder] One Setup For Life🔵 Introduction
The ICT 2022 model, introduced by Michael Huddleston, is an advanced trading strategy rooted in liquidity and price imbalance, where time and price serve as the core elements. This ICT 2022 trading strategy is an algorithmic approach designed to analyze liquidity and imbalances in the market. It incorporates concepts such as Fair Value Gap (FVG), Liquidity Sweep, and Market Structure Shift (MSS) to help traders identify liquidity movements and structural changes in the market, enabling them to determine optimal entry and exit points for their trades.
This Full ICT Day Trading Model empowers traders to pinpoint the Previous Day High/Low as well as the highs and lows of critical sessions like the London and New York sessions. These levels act as Liquidity Zones, which are frequently swept prior to a market structure shift (MSS) or a retracement to areas such as Optimal Trade Entry (OTE).
Bullish :
Bearish :
🔵 How to Use
The ICT 2022 model is a sophisticated trading strategy that focuses on identifying key liquidity levels and price movements. It operates based on two main principles. In the first phase, the price approaches liquidity zones and sweeps critical levels such as the previous day’s high or low and key session levels.
This movement is known as a Liquidity Sweep. In the second phase, following the sweep, the price retraces to areas like the FVG (Fair Value Gap), creating ideal entry points for trades. Below is a detailed explanation of how to apply this strategy in bullish and bearish setups.
🟣 Bullish ICT 2022 Model Setup
To use the ICT 2022 model in a bullish setup, start by identifying the Previous Day High/Low or key session levels, such as those of the London or New York sessions. In a bullish setup, the price usually moves downward first, sweeping the Liquidity Low. This move, known as a Liquidity Sweep, reflects the collection of buy orders by major market participants.
After the liquidity sweep, the price should shift market structure and start moving upward; this shift, referred to as Market Structure Shift (MSS), signals the beginning of an upward trend. Following MSS, areas like FVG, located within the Discount Zone, are identified. At this stage, the trader waits for the price to retrace to these zones. Once the price returns, a long trade is executed.
Finally, the stop-loss should be set below the liquidity low to manage risk, while the take-profit target is usually placed above the previous day’s high or other identified liquidity levels. This structure enables traders to take advantage of the upward price movement after the liquidity sweep.
🟣 Bearish ICT 2022 Model Setup
To identify a bearish setup in the ICT 2022 model, begin by marking the Previous Day High/Low or key session levels, such as the London or New York sessions. In this scenario, the price typically moves upward first, sweeping the Liquidity High. This move, known as a Liquidity Sweep, signifies the collection of sell orders by key market players.
After the liquidity sweep, the price should shift market structure downward. This movement, called the Market Structure Shift (MSS), indicates the start of a downtrend. Following MSS, areas such as FVG, found within the Premium Zone, are identified. At this stage, the trader waits for the price to retrace to these areas. Once the price revisits these zones, a short trade is executed.
In this setup, the stop-loss should be placed above the liquidity high to control risk, while the take-profit target is typically set below the previous day’s low or another defined liquidity level. This approach allows traders to capitalize on the downward price movement following the liquidity sweep.
🔵 Settings
Swing period : You can set the swing detection period.
Max Swing Back Method : It is in two modes "All" and "Custom". If it is in "All" mode, it will check all swings, and if it is in "Custom" mode, it will check the swings to the extent you determine.
Max Swing Back : You can set the number of swings that will go back for checking.
FVG Length : Default is 120 Bar.
MSS Length : Default is 80 Bar.
FVG Filter : This refines the number of identified FVG areas based on a specified algorithm to focus on higher quality signals and reduce noise.
Types of FVG filters :
Very Aggressive Filter: Adds a condition where, for an upward FVG, the last candle's highest price must exceed the middle candle's highest price, and for a downward FVG, the last candle's lowest price must be lower than the middle candle's lowest price. This minimally filters out FVGs.
Aggressive Filter: Builds on the Very Aggressive mode by ensuring the middle candle is not too small, filtering out more FVGs.
Defensive Filter: Adds criteria regarding the size and structure of the middle candle, requiring it to have a substantial body and specific polarity conditions, filtering out a significant number of FVGs.
Very Defensive Filter: Further refines filtering by ensuring the first and third candles are not small-bodied doji candles, retaining only the highest quality signals.
🔵 Conclusion
The ICT 2022 model is a comprehensive and advanced trading strategy designed around key concepts such as liquidity, price imbalance, and market structure shifts (MSS). By focusing on the sweep of critical levels such as the previous day’s high/low and important trading sessions like London and New York, this strategy enables traders to predict market movements with greater precision.
The use of tools like FVG in this model helps traders fine-tune their entry and exit points and take advantage of bullish and bearish trends after liquidity sweeps. Moreover, combining this strategy with precise timing during key trading sessions allows traders to minimize risk and maximize returns.
In conclusion, the ICT 2022 model emphasizes the importance of time and liquidity, making it a powerful tool for both professional and novice traders. By applying the principles of this model, you can make more informed trading decisions and seize opportunities in financial markets more effectively.
Asset Rotation System [InvestorUnknown]Overview
This system creates a comprehensive trend "matrix" by analyzing the performance of six assets against both the US Dollar and each other. The objective is to identify and hold the asset that is currently outperforming all others, thereby focusing on maintaining an investment in the most "optimal" asset at any given time.
- - - Key Features - - -
1. Trend Classification:
The system evaluates the trend for each of the six assets, both individually against USD and in pairs (assetX/assetY), to determine which asset is currently outperforming others.
Utilizes five distinct trend indicators: RSI (50 crossover), CCI, SuperTrend, DMI, and Parabolic SAR.
Users can customize the trend analysis by selecting all indicators or choosing a single one via the "Trend Classification Method" input setting.
2. Backtesting:
Calculates an equity curve for each asset and for the system itself, which assumes holding only the asset deemed optimal at any time.
Customizable start date for backtesting; by default, it begins either 5000 bars ago (the maximum in TradingView) or at the inception of the youngest asset included, whichever is shorter. If the youngest asset's history exceeds 5000 bars, the system uses 5000 bars to prevent errors.
The equity curve is dynamically colored based on the asset held at each point, with this coloring also reflected on the chart via barcolor().
Performance metrics like returns, standard deviation of returns, Sharpe, Sortino, and Omega ratios, along with maximum drawdown, are computed for each asset and the system's equity curve.
3 Alerts:
Supports alerts for when a new, confirmed optimal asset is identified. However, due to TradingView limitations, the specific asset cannot be included in the alert message.
- - - Usage - - -
1. Select Assets/Tickers:
Choose which assets or tickers you want to include in the rotation system. Ensure that all selected tickers are denominated in USD to maintain consistency in analysis.
2. Configure Trend Classification:
Decide on the trend classification method from the available options (RSI, CCI, SuperTrend, DMI, or Parabolic SAR, All) and adjust the settings to your preferences. This customization allows you to tailor the system to different market conditions or your specific trading strategy.
3. Utilize Backtesting for Calibration:
Use the backtesting results, including equity curves and performance metrics, to fine-tune your chosen trend indicators.
Be cautious not to overemphasize performance maximization, as this can lead to overfitting. The goal is to achieve a robust system that performs well across various market conditions, rather than just optimizing for past data.
- - - Parameters - - -
Tickers:
Asset 1: Select the symbol for the first asset.
Asset 2: Select the symbol for the second asset.
Asset 3: Select the symbol for the third asset.
Asset 4: Select the symbol for the fourth asset.
Asset 5: Select the symbol for the fifth asset.
Asset 6: Select the symbol for the sixth asset.
General Settings:
Trend Classification Method: Choose from RSI, CCI, SuperTrend, DMI, PSAR, or "All" to determine how trends are analyzed.
Use Custom Starting Date for Backtest: Toggle to use a custom date for beginning the backtest.
Custom Starting Date: Set the custom start date for backtesting.
Plot Perf. Metrics Table: Option to display performance metrics in a table on the chart.
RSI (Relative Strength Index):
RSI Source: Choose the price data source for RSI calculation.
RSI Length: Set the period for the RSI calculation.
CCI (Commodity Channel Index):
CCI Source: Select the price data source for CCI calculation.
CCI Length: Determine the period for the CCI.
SuperTrend:
SuperTrend Factor: Adjust the sensitivity of the SuperTrend indicator.
SuperTrend Length: Set the period for the SuperTrend calculation.
DMI (Directional Movement Index):
DMI Length: Define the period for DMI calculations.
Parabolic SAR:
PSAR Start: Initial acceleration factor for the Parabolic SAR.
PSAR Increment: Increment value for the acceleration factor.
PSAR Max Value: Maximum value the acceleration factor can reach.
Notes/Recommendations:
While this system is operational, it's important to recognize that it relies on "basic" indicators, which may not be ideal for generating trading signals on their own. I strongly suggest that users delve into the code to grasp the underlying logic of the system. Consider customizing it by integrating more sophisticated and higher-quality trend-following indicators to enhance its performance and reliability.
Disclaimer:
This system's backtest results are historical and do not predict future performance. Use for educational purposes only; not investment advice.
Anomaly DetectorPrice Anomaly Detector
This is a script designed to identify unusual price movements. By analyzing deviations from typical price behavior, this tool helps traders spot potential trading opportunities and manage risks effectively.
---
Features
- Anomaly Detection: Flags price points that significantly deviate from the average.
- Visual Indicators: Highlights anomalies with background colors and cross markers.
- Customizable Settings: Adjust sensitivity and window size to match your trading strategy.
- Real-Time Analysis: Continuously updates anomaly signals as new data is received.
---
Usage
After adding the indicator to your chart:
1. View Anomalies: Red backgrounds and cross markers indicate detected anomalies.
2. Adjust Settings: Modify the `StdDev Threshold` and `Window Length` to change detection sensitivity.
3. Interpret Signals:
- Red Background: Anomaly detected on that bar.
- Red Cross: Specific point of anomaly.
---
Inputs
- StdDev Threshold: Higher values reduce anomaly sensitivity. Default: 2.0.
- Window Length: Larger windows smooth data, reducing false positives. Default: 20.
---
Limitations
- Approximation Method: Uses a simple method to detect anomalies, which may not capture all types of unusual price movements.
- Performance: Extremely large window sizes may impact script performance.
- Segment Detection: Does not group consecutive anomalies into segments.
---
Disclaimer : This tool is for educational purposes only. Trading involves risk, and you should perform your own analysis before making decisions. The author is not liable for any losses incurred.
Dynamic Ticks Oscillator Model (DTOM)The Dynamic Ticks Oscillator Model (DTOM) is a systematic trading approach grounded in momentum and volatility analysis, designed to exploit behavioral inefficiencies in the equity markets. It focuses on the NYSE Down Ticks, a metric reflecting the cumulative number of stocks trading at a lower price than their previous trade. As a proxy for market sentiment and selling pressure, this indicator is particularly useful in identifying shifts in investor behavior during periods of heightened uncertainty or volatility (Jegadeesh & Titman, 1993).
Theoretical Basis
The DTOM builds on established principles of momentum and mean reversion in financial markets. Momentum strategies, which seek to capitalize on the persistence of price trends, have been shown to deliver significant returns in various asset classes (Carhart, 1997). However, these strategies are also susceptible to periods of drawdown due to sudden reversals. By incorporating volatility as a dynamic component, DTOM adapts to changing market conditions, addressing one of the primary challenges of traditional momentum models (Barroso & Santa-Clara, 2015).
Sentiment and Volatility as Core Drivers
The NYSE Down Ticks serve as a proxy for short-term negative sentiment. Sudden increases in Down Ticks often signal panic-driven selling, creating potential opportunities for mean reversion. Behavioral finance studies suggest that investor overreaction to negative news can lead to temporary mispricings, which systematic strategies can exploit (De Bondt & Thaler, 1985). By incorporating a rate-of-change (ROC) oscillator into the model, DTOM tracks the momentum of Down Ticks over a specified lookback period, identifying periods of extreme sentiment.
In addition, the strategy dynamically adjusts entry and exit thresholds based on recent volatility. Research indicates that incorporating volatility into momentum strategies can enhance risk-adjusted returns by improving adaptability to market conditions (Moskowitz, Ooi, & Pedersen, 2012). DTOM uses standard deviations of the ROC as a measure of volatility, allowing thresholds to contract during calm markets and expand during turbulent ones. This approach helps mitigate false signals and aligns with findings that volatility scaling can improve strategy robustness (Barroso & Santa-Clara, 2015).
Practical Implications
The DTOM framework is particularly well-suited for systematic traders seeking to exploit behavioral inefficiencies while maintaining adaptability to varying market environments. By leveraging sentiment metrics such as the NYSE Down Ticks and combining them with a volatility-adjusted momentum oscillator, the strategy addresses key limitations of traditional trend-following models, such as their lagging nature and susceptibility to reversals in volatile conditions.
References
• Barroso, P., & Santa-Clara, P. (2015). Momentum Has Its Moments. Journal of Financial Economics, 116(1), 111–120.
• Carhart, M. M. (1997). On Persistence in Mutual Fund Performance. The Journal of Finance, 52(1), 57–82.
• De Bondt, W. F., & Thaler, R. (1985). Does the Stock Market Overreact? The Journal of Finance, 40(3), 793–805.
• Jegadeesh, N., & Titman, S. (1993). Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency. The Journal of Finance, 48(1), 65–91.
• Moskowitz, T. J., Ooi, Y. H., & Pedersen, L. H. (2012). Time Series Momentum. Journal of Financial Economics, 104(2), 228–250.
