TTP Big Whale ExplorerThe Big Whale Explorer is an indicator that looks into the ratio of large wallets deposits vs withdrawals.
Whales tend to sale their holding when they transfer their holdings into exchanges and they tend to hold when they withdraw.
In this overlay indicator you'll be able to see in an oscillator format the moves of large wallets.
The moves above 1.5 turn into red symbolising that they are starting to distribute. This can eventually have an impact in the price by causing anything from a mild pullback to a considerable crash depending on how much is being actually sold into the market.
Moves below 0.5 mean that the large whales are heavily accumulating and withdrawing. During these periods price could still pullback or even crash but eventually the accumulation can take prices to new highs.
Instructions:
1) Load INDEX:BTCUSD or BNC:BLX to get the most historic data as possible
2) use the daily timeframe
3) load the indicator into the chart
ממוצעים נעים
Multiple Moving Averages with OffsetUser Description:
This indicator is designed to provide insights into market trends based on multiple moving averages with customizable offsets. It combines short-term and long-term moving averages to offer a comprehensive view of price movements. The user can adjust various parameters to tailor the indicator to their preferred settings.
How the Strategy Works:
Short-Term Fast Moving Average:
Length: 47 (Adjustable by the user)
Offset: Adjustable (User-defined)
Color: Green
Line Thickness: 2 (Thicker green line for better visibility)
Long-Term Fast Moving Average:
Length: 203 (Adjustable by the user)
Offset: Adjustable (User-defined)
Color: Red
Line Thickness: 2 (Thicker red line for better visibility)
Long-Term Slow Moving Average:
Length: 100 (Adjustable by the user)
Offset: 77 (Adjustable by the user)
Color: Custom Red (RGB: 161, 5, 5)
Line Thickness: 2 (Thicker red line for better visibility)
Interpretation:
When the Short-Term Fast Moving Average (green line) is above the Long-Term Fast Moving Average (red line), it may signal a potential uptrend.
Conversely, when the Short-Term Fast Moving Average is below the Long-Term Fast Moving Average, it may indicate a potential downtrend.
The Long-Term Slow Moving Average provides additional context, allowing users to assess the strength and stability of trends.
Customization:
Users can experiment with different lengths and offsets to fine-tune the indicator based on their trading preferences and market conditions.
TIPS:
- When price action reaches upper RED moving average is probable that the price action is close to a pull back or change of direction.
- When price action falls and closes below the bottom RED moving average it can be a possible change of direction to the downside.
- You can use the green moving average as a filter and confluence to identify if the price action is moving towards the upside or downside.
Note: This indicator is for informational purposes only and should be used in conjunction with other analysis tools for comprehensive decision-making.
Crypto Market Strategy (CMS)/Introduction
The Crypto Market Strategy (CMS) is a composite strategy for the cryptocurrency market. It integrates multiple strategies (called signals) to ensure you are exploiting multiple patterns/anomalies in the market.
/Signals
The three distinct strategies, each providing signals based on specific market conditions are explained below:
1. Limit Range: This signal targets stable market periods, triggering signals based on micro breakouts in price. The market during this period is described as stable because of the short lookback period required for breakout, four bars is the default.
2. Trend Breakout: This signal seeks to capitalize on significant market movements following consolidation periods, it triggers when large price breakouts occur. The market during this period is described as volatile because of the long lookback period required for breakout, forty bars is the default.
3. Momentum: After breakouts, price uptrends may persist for a long time, typically weeks to months. This signal captures long term trends.
An upward blue arrow signifies a long entry signal, a downward red arrow indicates a short entry signal, while an upward/downward pink arrow indicates an exit signal. All signals will have a label indicating the triggering strategy and number of units (this can be disabled in the style settings).
/Construction
The strategy is constructed using minimal indicators, it is basically price action and moving averages.
/Settings
The settings are organised according to the signals;
1. Limit range
Entry - This is the size of breakout
+Exit - Closes the trade in profit
-Exit - Closes the trade to minimise loss
2. Trend breakout
Entry - This is the size of the breakout
Exit - Closes the trade to minimise loss
3. Momentum
Entry - This determines how quickly a signal is triggered
Lookback - This is the duration considered for the entry
/Results
The backtest results are based on a starting capital of $13,700 (convenient amount for retail traders) with 5% of equity for the position size and pyramiding of 3 consecutive positions because there are three signals. Commissions vary from broker to broker with some charging zero commissions, so commissions is set to an exorbitant $3 per order to ensure profitability in backtests is reproducible in live trading. Slippage of 3 ticks is used to ensure the results are representative of real world, market order, end-of-day trading. The backtest results are available to view at the bottom of this page.
Note:
Past performance in backtesting does not guarantee future results. Cryptocurrency markets are particularly volatile, and individual execution and market changes can significantly affect strategy performance. Price data may also vary across exchanges.
/Tickers
CMS has been backtested primarily on BTCUSD. It also performs well on ETHUSD.
[KVA]nRSIThe nRSI stands as a groundbreaking enhancement of the traditional Relative Strength Index (RSI), specifically engineered for traders seeking a more refined and accurate tool in fast-moving markets.
Customizable Price Change Period (n): Unlike the traditional RSI which solely relies on a fixed period for average gains and losses, the nRSI introduces an additional parameter, n, to calculate price changes.
This adaptation focuses on minimizing market noise, sharpening the indicator's sensitivity to genuine trends and patterns.
Enhanced Signal Precision : By reducing the influence of short-term price spikes and fluctuations, the nRSI delivers a more precise signal. This precision is particularly crucial in volatile market conditions, where traditional indicators may be swayed by transient movements.
Ideal Usage
Strategic Trading Decisions : Ideal for traders who need to filter out insignificant price movements to make more strategic, informed trading decisions.
Reliable Divergence Spotting : Enhanced noise reduction aids in identifying more reliable divergences, key for predicting potential market reversals.
Trend Confirmation : The smoothed RSI, assisted by the moving average, becomes an invaluable tool for confirming the validity of market trends, minimizing false signals.
Anchored Relative StrengthThe Anchored Relative Strength (RS) Indicator is a tool designed for traders to compare the performance of a selected stock or security against a benchmark index or another security starting from a specific point in time.
Traditional Relative Strength
The traditional RS line is a popular tool used to compare the performance of a stock, typically calculated as the ratio of the stock's price to a benchmark index's price. It helps identify outperformers and underperformers relative to the market or a specific sector.
The Anchored Approach
The Anchored RS line enhances the traditional concept of the RS line by introducing an anchored approach, where calculations begin from a user-defined date. This feature provides the flexibility to start the comparison from a specific historical event, earnings, market peak, trough, or any date significant to the trader's analysis.
Calculating Relative Strength
The RS value is calculated by dividing the close price of the chosen stock by the close price of the comparative symbol (SPX by default). This calculation is performed for each bar since the Anchor Date.
Indicator Features
🔶Custom Start Date
🔶Custom Comparison Symbol
🔶RS Line Moving Average
🔶Comparison Symbol Line
🔶Customize Colors & Appearance
Users can change the anchor date simply by clicking on the indicator and dragging the anchor point.
Double Simple Moving AverageThe Double Simple moving average is an indicator developed to help traders identify dynamic levels of support and resistance as well as determine current trend direction.
This indicator shows both an SMA calculated on highs and one calculated on lows. In addition to that, it plots the deviation bands based on the space between the two main lines.
The gradient color between the two main lines can be used to determine the volumetric pressure and confirmation of the current trend.
PEMA SUITESPivot based EMA (PEMA) is giving ema based on pivot .
Pivot MA's indicator is a combination of the following:
Pivot SMA
Pivot EMA's
Pullback to EMA Band
Pivot EMA's Cross Over
Pivot Double-EMA's Cross Over
Modified Pivot EMA's Cross Over
All the pivot EMA’s calculations are based on "Profiting With Pivot-Based Moving Averages" book by Frank Ochoa.
How to use it :-
One should have to refer this book for in depth usage of this indicator.
You can use the option's provided in the indicator and the signals have been generated according to the concept in this book.
Don't turn on multiple option's, it becomes clumsy to look.
Description:-
1. Pullback to PEMA Band:-
Perhaps the most trader-friendly PEMA setup is the PEMA Pull-Back, because it forces you to trade in the direction of an established trend.
In this, u get the signal when the price retraces to 13 EMA and closes above the PEMA Band.
It is like Buy the Dips & Sell the Rips. The idea of the PEMA Pull-Back is to buy the market at a discount during an uptrend, and sell the market at a premium during a down trend.
2. PEMA Cross Over :-
The PEMA Crossover fires a signal when the fast EMA crosses the slow EMA.
If the fast EMA crosses above the slow EMA, a long signal is fired; whereas, if the fast EMA crosses below the slow EMA, a short signal is fired.
Depending on your trader personality, you will have to choose the periodicities of the two moving averages to suit your taste.
Some combination of EMA's are provided.
3. Double EMA Cross Over :-
A double exponential moving average (DEMA) is basically the EMA of an EMA, meaning the output is the second derivative of the original exponential moving average.
While an EMA is a faster moving average than the SMA, the DEMA is on another level in terms of speed.
4. Modified PEMA Cross Over :-
This system is an ultra-fast PEMA crossover signal that has built-in trend confirmation.
The Modified PEMA Crossover system fires signals in the direction of the prevailing trend, as measured by a larger moving average.
For Example, Take (1,3),21 combination. In this we use 1- and 3-period pivot EMA’s for crossovers, and use a 21-period pivot EMA for trend confirmation.
1 and 3 period EMA's are not shown in the chart, Only 21 EMA and signals are shown for clear view.
Therefore, this system will only allow bullish crossover signals to fire when price is above the 21-period pivot EMA, and will only allow bearish crossover signals to fire when price is below the 21-period average.
In essence, the results are usually highly qualified “buy the dip, and sell rip” type of opportunities.
This also helps you to avoid getting chopped up during price confluence.
Traders have to look for reversal when price is near the pivot based EMA Zone.
Micro Dots with VMA line [Crypto_Chili_]In the chart photo is a quick description of each part of the indicator is.
The Micro Dots were hours of testing different combinations of indicators and settings to find what looked and worked best. This is what I came up with, use it as a rough draft as it could probably be added to or changed around.
One simple way to use the indicator is if price is above VMA with green dots, look to long. If price is below VMA with red dots look to short.
Variable Moving Average - Also known as VMA or Track Line, is an Exponential Moving Average. VMA adjusts its smoothing constant on the basis of Market Volatility. This can help to measure the macro trend.
Micro Trend Dots - A Supertrend with extras filters. Supertrend is a trend-following indicator based on ATR (In this indicator TrueRange instead). The extra filters on top of the Supertrend help add confluence to them to give more confidence in the micro trend.
Credit to @LazyBear for the Variable Moving Average
Credit to @KivancOzbilgic for his Supertrend
Send me a message if you create something with the Micro Dots I'd love it see it!
Thank you friends I hope you enjoy!
No Signal is 100% correct at what it's trying to do. Use caution when trading!
Practice Risk Management.
Heiken Ashi Colored Moving AverageThis indicator is meant to plot a moving average but the color of the moving average will change based on Heikin Ashi. Its seems to be slightly off, I would love any suggestions on improving this indicator.
Thanks
User Defined Range Selector and Color Changing EMA LineThe "User Defined Range Selector and Color Changing EMA Line," stands out in the crowded field of trading indicators due to its unique blend of visual clarity and customizable functionality. Unlike traditional indicators, this tool not only tracks the Exponential Moving Average (EMA) but enhances it with a user-defined mirrored line to visually denote a range based on a percentage distance from the EMA.
Key Features:
- Dynamic Color-Changing EMA: The EMA line changes color based on its slope, providing instant visual cues about the market trend. Blue signifies an upward trend, red indicates a downward trend, and gray represents a sideways market.
- Customizable Range Selector: A mirrored EMA line is plotted, which can be set at a user-defined percentage away from the primary EMA. This feature allows traders to visualize a potential price range or channel, adding an extra layer of analysis for potential support and resistance zones.
- User-Driven Inputs: With inputs like EMA length, slope length, source, and the percentage distance for the mirrored line, the indicator offers a high level of customization, catering to various trading styles and strategies.
- Enhanced Trading Strategy Development: This combination of trend visualization and range identification aids in refining entry and exit points, making it an invaluable tool for developing more nuanced trading strategies.
Why It's Unique:
- Dual Functionality: The combination of trend indication (via color changes) and range visualization (through the mirrored line) sets this indicator apart from traditional EMA-based tools.
- Customization and Flexibility: The ability to tailor key parameters like EMA length and the percentage away for the mirrored line empowers traders to adapt the tool to fit their specific trading approach and market conditions.
- Visual Simplicity: Despite its multifaceted capabilities, the indicator maintains a clean and intuitive visual presentation, ensuring ease of use and interpretation.
License: This source code is subject to the terms of the Mozilla Public License 2.0. More details can be found at (mozilla.org). However, the code is public so use it as you see fit.
DCA Simulator---- EN ----
OBJECTIVE:
The aim of this indicator is to simulate the average acquisition price during a DCA from any date, any asset, any amount.
Useful for realizing that short-term volatility is not a problem when taking a long-term view, as only the fundamentals of the asset matter.
USAGE:
The indicator does not seek to reproduce tools to give you the size of your bag or what your absolute profit is. It should be used agnostically to the DCA amount, it allows you to identify whether starting from a date what your average purchase price and therefore whether you are currently in profit or not in relation to the current price.
You can also use it to compare assets against each other, which offers the best ROI via DCA.
NOTES:
The average price of the DCA will always be lower than the simple average price.
---- FR ----
OBJECTIF :
L'objectif de cette indicateur est de simuler le prix moyen d'acquisition lors d'un DCA à partir de n'importe quelle date, n'importe quel actif, peu importe le montant.
Utile pour se rendre compte que la volatilité court terme n'est pas un problème lors d'une vision long terme, seul compte le fondamental de l'actif.
USAGE :
L'indicateur ne cherche pas à reproduire des outils pour vous donner la taille de votre bag ou quel est votre profit absolu. Il doit être utilisé de manière agnostique au montant du DCA, il permet d'identifier si en commençant d'une date quel votre prix moyen d'achat et donc si vous êtes actuellement en profit ou pas par rapport au prix actuel.
Vous pouvez aussi vous en servir pour comparer des actifs entre eux, lequel offre le meilleur ROI via DCA.
NOTES :
L'on peut constater que le prix moyen du DCA sera systématiquement plus bas que la moyenne simple du prix
RSI & Backed-Weighted MA StrategyRSI & MA Strategy :
INTRODUCTION :
This strategy is based on two well-known indicators that work best together: the Relative Strength Index (RSI) and the Moving Average (MA). We're going to use the RSI as a trend-follower indicator, rather than a reversal indicator as most are used to. To the signals sent by the RSI, we'll add a condition on the chart's MA, filtering out irrelevant signals and considerably increasing our winning rate. This is a medium/long-term strategy. There's also a money management method enabling us to reinvest part of the profits or reduce the size of orders in the event of substantial losses.
RSI :
The RSI is one of the best-known and most widely used indicators in trading. Its purpose is to warn traders when an asset is overbought or oversold. It was designed to send reversal signals, but we're going to use it as a trend indicator by increasing its length to 20. The RSI formula is as follows :
RSI (n) = 100 - (100 / (1 + (H (n)/L (n))))
With n the length of the RSI, H(n) the average of days closing above the open and L(n) the average of days closing below the open.
MA :
The Moving Average is also widely used in technical analysis, to smooth out variations in an asset. The SMA formula is as follows :
SMA (n) = (P1 + P2 + ... + Pn) / n
where n is the length of the MA.
However, an SMA does not weight any of its terms, which means that the price 10 days ago has the same importance as the price 2 days ago or today's price... That's why in this strategy we use a RWMA, i.e. a back-weighted moving average. It weights old prices more heavily than new ones. This will enable us to limit the impact of short-term variations and focus on the trend that was dominating. The RWMA used weights :
The 4 most recent terms by : 100 / (4+(n-4)*1.30)
The other oldest terms by : weight_4_first_term*1.30
So the older terms are weighted 1.30 more than the more recent ones. The moving average thus traces a trend that accentuates past values and limits the noise of short-term variations.
PARAMETERS :
RSI Length : Lenght of RSI. Default is 20.
MA Type : Choice between a SMA or a RWMA which permits to minimize the impact of short term reversal. Default is RWMA.
MA Length : Length of the selected MA. Default is 19.
RSI Long Signal : Minimum value of RSI to send a LONG signal. Default is 60.
RSI Short signal : Maximum value of RSI to send a SHORT signal. Default is 40.
ROC MA Long Signal : Maximum value of Rate of Change MA to send a LONG signal. Default is 0.
ROC MA Short signal : Minimum value of Rate of Change MA to send a SHORT signal. Default is 0.
TP activation in multiple of ATR : Threshold value to trigger trailing stop Take Profit. This threshold is calculated as multiple of the ATR (Average True Range). Default value is 5 meaning that to trigger the trailing TP the price need to move 5*ATR in the right direction.
Trailing TP in percentage : Percentage value of trailing Take Profit. This Trailing TP follows the profit if it increases, remaining selected percentage below it, but stops if the profit decreases. Default is 3%.
Fixed Ratio : This is the amount of gain or loss at which the order quantity is changed. Default is 400, which means that for each $400 gain or loss, the order size is increased or decreased by a user-selected amount.
Increasing Order Amount : This is the amount to be added to or subtracted from orders when the fixed ratio is reached. The default is $200, which means that for every $400 gain, $200 is reinvested in the strategy. On the other hand, for every $400 loss, the order size is reduced by $200.
Initial capital : $1000
Fees : Interactive Broker fees apply to this strategy. They are set at 0.18% of the trade value.
Slippage : 3 ticks or $0.03 per trade. Corresponds to the latency time between the moment the signal is received and the moment the order is executed by the broker.
Important : A bot has been used to test the different parameters and determine which ones maximize return while limiting drawdown. This strategy is the most optimal on BITSTAMP:ETHUSD with a timeframe set to 6h. Parameters are set as follows :
MA type: RWMA
MA Length: 19
RSI Long Signal: >60
RSI Short Signal : <40
ROC MA Long Signal : <0
ROC MA Short Signal : >0
TP Activation in multiple ATR : 5
Trailing TP in percentage : 3
ENTER RULES :
The principle is very simple:
If the asset is overbought after a bear market, we are LONG.
If the asset is oversold after a bull market, we are SHORT.
We have defined a bear market as follows : Rate of Change (20) RWMA < 0
We have defined a bull market as follows : Rate of Change (20) RWMA > 0
The Rate of Change is calculated using this formula : (RWMA/RWMA(20) - 1)*100
Overbought is defined as follows : RSI > 60
Oversold is defined as follows : RSI < 40
LONG CONDITION :
RSI > 60 and (RWMA/RWMA(20) - 1)*100 < -1
SHORT CONDITION :
RSI < 40 and (RWMA/RWMA(20) - 1)*100 > 1
EXIT RULES FOR WINNING TRADE :
We have a trailing TP allowing us to exit once the price has reached the "TP Activation in multiple ATR" parameter, i.e. 5*ATR by default in the profit direction. TP trailing is triggered at this point, not limiting our gains, and securing our profits at 3% below this trigger threshold.
Remember that the True Range is : maximum(H-L, H-C(1), C-L(1))
with C : Close, H : High, L : Low
The Average True Range is therefore the average of these TRs over a length defined by default in the strategy, i.e. 20.
RISK MANAGEMENT :
This strategy may incur losses. The method for limiting losses is to set a Stop Loss equal to 3*ATR. This means that if the price moves against our position and reaches three times the ATR, we exit with a loss.
Sometimes the ATR can result in a SL set below 10% of the trade value, which is not acceptable. In this case, we set the SL at 10%, limiting losses to a maximum of 10%.
MONEY MANAGEMENT :
The fixed ratio method was used to manage our gains and losses. For each gain of an amount equal to the value of the fixed ratio, we increase the order size by a value defined by the user in the "Increasing order amount" parameter. Similarly, each time we lose an amount equal to the value of the fixed ratio, we decrease the order size by the same user-defined value. This strategy increases both performance and drawdown.
Enjoy the strategy and don't forget to take the trade :)
hamster-bot MRS 2 (simplified version) MRS - Mean Reversion Strategy (Countertrend) (Envelope strategy)
This script does not claim to be unique and does not mislead anyone. Even the unattractive backtest result is attached. The source code is open. The idea has been described many times in various sources. But at the same time, their collection in one place provides unique opportunities.
Published by popular demand and for ease of use. so that users can track the development of the script and can offer their ideas in the comments. Otherwise, you have to communicate in several telegram chats.
Representative of the family of counter-trend strategies. The basis of the strategy is Mean reversion . You can also read about the Envelope strategy .
Mean reversion , or reversion to the mean, is a theory used in finance that suggests that asset price volatility and historical returns eventually will revert to the long-run mean or average level of the entire dataset.
The strategy is very simple. Has very few settings. Good for beginners to get acquainted with algorithmic trading. A simple adjustment will help avoid overfitting. There are many variations of this strategy, but for understanding it is better to start with this implementation.
Principle of operation.
1)
A conventional MA is being built. (fuchsia line). A limit order is placed on this line to close the position.
2)
(green line) A limit order is placed on this line to open a long position
3)
(red line) A limit order is placed on this line to open a short position
Attention!
Please note that a limit order is used. Conclude that the strategy has a limited capacity. And the results obtained on low-liquid instruments will be too high in the tester. On real auctions there will be a different result.
Note for testing the strategy in the spot market:
When testing in the spot market, do not include both long and short at the same time. It is recommended to test only the long mode on the spot. Short mode for more advanced users.
Settings:
Available types of moving averages:
SMA
EMA
TEMA - triple exponential moving average
DEMA - Double Exponential Moving Average
ZLEMA - Zero lag exponential moving average
WMA - weighted moving average
Hma - Hull Moving Average
Thma - Triple Exponential Hull Moving Average
Ehma - Exponential Hull Moving Average
H - MA built based on highs for n candles | ta.highest(len)
L - MA built based on lows for n candles | ta.lowest(len)
DMA - Donchian Moving Average
A Kalman filter can be applied to all MA
The peculiarity of the strategy is a large selection of MA and the possibility of shifting lines. You can set up a reverse trending strategy on the Donchian channel for example.
Use Long - enable/disable opening a Long position
Use Short - enable/disable opening a Short position
Lot Long, % - % allocated from the deposit for opening a Long position. In the spot market, do not use % greater than 100%
Lot Short, % - allocated % of the deposit for opening a Short position
Start date - the beginning of the testing period
End date - the end of the testing period (Example: only August 2020 can be tested)
Mul - multiplier. Used to offset lines. Example:
Mul = 0.99 is shift -1%
Mul = 1.01 is shift +1%
Non-strict recommendations:
1) Test the SPOT market on crypto exchanges. (The countertrend strategy has liquidation risk on futures)
2) Symbols altcoin/bitcoin or altcoin/altcoin. Example: ETH/BTC or DOGE/ETH
3) Timeframe is usually 1 hour
If the script passes moderation, I will supplement it by adding separate settings for closing long and short positions according to their MA
Volatility Exponential Moving AverageVEMA is a custom indicator that enhances the traditional moving average by incorporating market volatility. Unlike standard moving averages that rely solely on price, VEMA integrates both the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of the closing price, alongside a measure of market volatility.
The unique aspect of VEMA is its approach. It calculates the standard deviation of the closing price and also computes the simple moving average of this volatility. This dual approach to understanding market fluctuations allows for a more nuanced understanding of market dynamics.
Key to VEMA's functionality is the dynamic weighting factor, which adjusts the influence of SMA and EMA based on current market volatility. This factor increases the weight of the EMA, which is more responsive to recent price changes, during periods of high volatility. Conversely, during periods of lower volatility, the SMA, which offers a smoother view of price trends, becomes more prominent.
The resultant is a hybrid moving average that responds adaptively to changes in market volatility. This adaptability makes VEMA particularly useful in dynamic markets, potentially offering more insightful trend analysis and reversal signals compared to traditional moving averages.
Day Open,High,Low Fib LevelsDay Open,High,Low Fibonacci Levels indicator depicts Fibonacci levels from Highest to lowest price levels vis-à-vis Day Open Price. The indicator is structured based on default Intraday number of bars. Hence the indicator and Gray Zone concept is effective in lower time frames .The indicator has also “Regular” Check in Box option under “Input” with default 14 bars under “Regular Length” to switch over from default Intraday Length.
Green Zone represent area above Day Open Price when close is above Day Open Price.
Red Zone represent area below Day Open Price when close is below Day Open Price.
Gray Zone represent band within the Maximum and Minimum of Moving Averages of MA24,MA38,MA50,MA62,MA79 drawn with relevance to Fibonacci levels. The movement within this band is expected to be resistant prone on either direction.
Fibonacci levels between Highest and Lowest points during Green Zone and Red Zone are derived and reflected at 78.6,61.8,50.0,38.2 and 23.6 levels for users guidance.
Trades above Gray Zone are favored for Buy trades and below Gray Zone are favored for Sell trades. Trades within Gray Zone are resistant prone from either direction.
If number of bars in Gray Zone during Intraday are more than the combined number of bars above Green Zone and number of bras below Gray Zone then market may be assumed to be in Range bound state.
MA20 and MA200 are in default in display state. Position of MA 20 above and below Gray Zone and vis-à-vis MA Mid (Mid point in Gray Zone ) reflects the prevailing trend .MA 200 reflects the general Up trend or Down trend .
The Indicator reflects the Green Zone, Gray Zone ,Red Zone in the Table below the Chart depending on the position of Day Open Price below or above the Last Price .If the number of bars in the Gray Zone are more than the combined number of bars above and below Gray Zone the table reflect Range Bound Market.
Supplementing with other monitoring tools and Price Action dynamics the indicator assist the user to plan his entry and exit of trade based on the position of the market whether it is in Green Zone or Red Zone by taking into account the Fibonacci Levels.
DISCLAIMER : For educational and entertainment purpose only .Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security/ies or investment/s.
Demand and Supply Zones Lite [Afnan]Are you looking to level up your trading game and spot potential turning points in the stock market? Introducing the Smart Money Demand and Supply Zones indicator, a powerful tool designed to identify opportunities created by the Smart money.
The Smart Money Demand and Supply Zones indicator is built upon the principles of Rally Base Rally (RBR), Rally Base Drop (RBD), Drop Base Rally (DBR), Drop Base Drop (DBD).
🔍 Key Details 🔍
The "Smart Money" concept refers to large institutional investors and professional traders who possess significant financial resources and expertise. The importance of smart money lies in their influence on market trends and price movements. Their actions and positions often serve as signals for retail traders and investors to make informed decisions.
Formation of Smart Money: Smart money is attracted to areas in the market where they can find favourable risk-to-reward opportunities.
1. Rally Base Rally (RBR) Zones: These zones occur after a rally (upward price movement), followed by a period of consolidation (base formation), and then another rally. Smart money often forms positions here as it suggests a strong uptrend continuation.
2. Rally Base Drop (RBD) Zones: In this case, there is a rally, followed by a base formation, but instead of another rally, the price drops. Smart money may position themselves here in anticipation of a potential trend reversal.
3. Drop Base Rally (DBR) Zones: These zones form when there is a drop in price, followed by a base formation, and then a rally. Smart money may take positions here, expecting a trend reversal to the upside.
4. Drop Base Drop (DBD) Zones: In this scenario, the price drops, then forms a base, but subsequently continues to drop. Smart money might take bearish positions here, anticipating further downward movement.
🚀 Pending Orders from Smart Money Zones: 🚀
When the price approaches these smart money zones, institutional investors often place remaining pending orders to enter the market.
By identifying RBR/DBR zones as potential buying opportunities and RBD/DBD zones as potential selling opportunities on price charts, retail traders can align their trades with smart money activities. Implementing proper risk management and confirming signals enhances the likelihood of successful trades by following the footsteps of institutional investors.
💡 Key Features of the Indicator 💡
This indicator includes the following features:
Customizable Zone Length: Adjust the number of base candles in a zone to suit your preferences and strategy.
Candle Body Size Customization: Personalize the body size of candles for fine-tuning visual representation.
Base Candle Selection: Choose between the body of the candle or narrow range candles as the base candle for zone plotting.
Colour Customization For Candles: Customize Drop, Base, Rally, and Zone colours to match your visual preferences.
Number of Zones: This feature is flexible, allowing you to customize the quantity of zones displayed on the chart for improved visibility.
Zone Colours: You have the option to personalize the colours for both fresh and tested zones based on your preferences.
Zone Strength Customization: Adjust candle sensitivity for better control.
Swing High and Swing Low: Enable or disable support and demand lines based on Swing High and Swing Low.
Wick of Candle: Customize zone plotting using the body or wicks of candles for flexible analysis.
Previous Zones: You can choose to display or disable previous zones on the chart that have been deleted and utilized before. This option helps you maintain a clutter-free chart while retaining valuable historical information.
Moving Averages: Utilize four (4) customizable Moving Averages to enhance analysis from any time frame.
💎 Employing a Top-Down Approach and Multiple Time Frame Analysis: 💎
Let's delve into the concept of adopting a top-down approach combined with multiple time frame analysis in trading scenarios. It is consistently recommended to trade with the trend because, as the saying goes, "the trend is your friend." If you identify a demand zone on the chart but the overall trend is downward, it's crucial to confirm the stock's trend in higher timeframes. Avoid purchasing from the demand zone in such a scenario as you would be going against the trend. To consider buying from the demand zone, ensure that the overall trend is upward by checking the higher timeframe.
Similarly, if the higher timeframe trend is upward but the price is approaching a higher timeframe supply zone, refrain from buying in the lower timeframe. If the price reaches a higher timeframe supply zone, there is a likelihood that the price will face rejection from this zone.
If the price is significantly extended from the EMA 20 on a higher timeframe, for instance, if you plan to trade on a 30-minute timeframe and the price is considerably extended from the daily EMA 20, consider trading from zones that are closer to the daily EMA 20. When the price is extended from the higher timeframe EMA 20, it implies that the price is expensive, and there may be a tendency for it to return to the EMA 20. Therefore, it is advisable to trade from zones that are closer to the higher timeframe EMA 20 and avoid zones that are extended from the higher timeframe EMA 20.
For instance, imagine you're considering purchasing a stock that has reached a demand zone known as Rally Base Rally (RBR). If you identify a corresponding demand zone in a higher time frame located at the same position, and concurrently observe that the intermediate time frame indicates an upward trend, your potential for a successful trade is enhanced.
Conversely, if you spot a buying zone in a lower time frame, but notice a supply zone in the higher time frame at that exact position, the likelihood of a profitable trade decreases significantly. In such cases, it's prudent to steer clear of the lower time frame zone. This emphasizes the critical significance of employing a top-down approach or conducting a multiple time frame analysis.
Note: By Doing top down approach you can easily follow the footprints of smart money in the stock market or any other market by using this indicator and make well-informed trading decisions.
Remember, don't make decisions based only on one time frame. Check the overall trend of the stock and look at buying and selling points on bigger time scales. If you only use one time scale, your chances of making successful trades will be lower.
💎 To execute these comprehensive analyses and optimize your trading outcomes, you can make use of my indicator called "Demand & Supply Zone Scoring: Rally Base & Drop Concept."💎
This indicator is thoughtfully crafted to assess the strength of trade setups based on demand and supply zones through a scoring mechanism. It serves as your guide for correct top-down and multiple time frame analysis, eliminating the possibility of overlooking any strategic parameters. To gain deeper insights, you can learn more about how to use this indicator in its description.
Lastly, Thank you for your support, your likes & comments." Feel free to ask if you have questions.
Let's conquer the markets together! 🚀
Demand and Supply Zones Pro [Afnan]Are you looking to level up your trading game and spot potential turning points in the stock market? Introducing the Smart Money Demand and Supply Zones indicator, a powerful tool designed to identify opportunities created by the Smart money.
The Smart Money Demand and Supply Zones indicator is built upon the principles of Rally Base Rally (RBR), Rally Base Drop (RBD), Drop Base Rally (DBR), Drop Base Drop (DBD).
🔍 Key Details 🔍
The "Smart Money" concept refers to large institutional investors and professional traders who possess significant financial resources and expertise. The importance of smart money lies in their influence on market trends and price movements. Their actions and positions often serve as signals for retail traders and investors to make informed decisions.
Formation of Smart Money: Smart money is attracted to areas in the market where they can find favourable risk-to-reward opportunities.
1. Rally Base Rally (RBR) Zones: These zones occur after a rally (upward price movement), followed by a period of consolidation (base formation), and then another rally. Smart money often forms positions here as it suggests a strong uptrend continuation.
2. Rally Base Drop (RBD) Zones: In this case, there is a rally, followed by a base formation, but instead of another rally, the price drops. Smart money may position themselves here in anticipation of a potential trend reversal.
3. Drop Base Rally (DBR) Zones: These zones form when there is a drop in price, followed by a base formation, and then a rally. Smart money may take positions here, expecting a trend reversal to the upside.
4. Drop Base Drop (DBD) Zones: In this scenario, the price drops, then forms a base, but subsequently continues to drop. Smart money might take bearish positions here, anticipating further downward movement.
🚀 Pending Orders from Smart Money Zones: 🚀
When the price approaches these smart money zones, institutional investors often place remaining pending orders to enter the market.
By identifying RBR/DBR zones as potential buying opportunities and RBD/DBD zones as potential selling opportunities on price charts, retail traders can align their trades with smart money activities. Implementing proper risk management and confirming signals enhances the likelihood of successful trades by following the footsteps of institutional investors.
💡 Key Features of the Indicator 💡
This indicator includes the following features:
Customizable Zone Length: Adjust the number of base candles in a zone to suit your preferences and strategy.
Candle Body Size Customization: Personalize the body size of candles for fine-tuning visual representation.
Alert Feature: The alert feature can notify you when the price reaches a demand or supply zone, with the ability to customize the risk-to-reward parameters.
Base Candle Selection: Choose between the body of the candle or narrow range candles as the base candle for zone plotting.
Colour Customization For Candles: Customize Drop, Base, Rally, and Zone colours to match your visual preferences.
Number of Zones: This feature is flexible, allowing you to customize the quantity of zones displayed on the chart for improved visibility.
Zone Colours: You have the option to personalize the colours for both fresh and tested zones based on your preferences.
Zone Strength Customization: Adjust candle sensitivity for better control.
Swing High and Swing Low: Enable or disable support and demand lines based on Swing High and Swing Low.
Wick of Candle: Customize zone plotting using the body or wicks of candles for flexible analysis.
Previous Zones: You can choose to display or disable previous zones on the chart that have been deleted and utilized before. This option helps you maintain a clutter-free chart while retaining valuable historical information.
Moving Averages: Utilize four (4) customizable Moving Averages to enhance analysis from any time frame.
💎 Employing a Top-Down Approach and Multiple Time Frame Analysis: 💎
Let's delve into the concept of adopting a top-down approach combined with multiple time frame analysis in trading scenarios. It is consistently recommended to trade with the trend because, as the saying goes, "the trend is your friend." If you identify a demand zone on the chart but the overall trend is downward, it's crucial to confirm the stock's trend in higher timeframes. Avoid purchasing from the demand zone in such a scenario as you would be going against the trend. To consider buying from the demand zone, ensure that the overall trend is upward by checking the higher timeframe.
Similarly, if the higher timeframe trend is upward but the price is approaching a higher timeframe supply zone, refrain from buying in the lower timeframe. If the price reaches a higher timeframe supply zone, there is a likelihood that the price will face rejection from this zone.
If the price is significantly extended from the EMA 20 on a higher timeframe, for instance, if you plan to trade on a 30-minute timeframe and the price is considerably extended from the daily EMA 20, consider trading from zones that are closer to the daily EMA 20. When the price is extended from the higher timeframe EMA 20, it implies that the price is expensive, and there may be a tendency for it to return to the EMA 20. Therefore, it is advisable to trade from zones that are closer to the higher timeframe EMA 20 and avoid zones that are extended from the higher timeframe EMA 20.
For instance, imagine you're considering purchasing a stock that has reached a demand zone known as Rally Base Rally (RBR). If you identify a corresponding demand zone in a higher time frame located at the same position, and concurrently observe that the intermediate time frame indicates an upward trend, your potential for a successful trade is enhanced.
Conversely, if you spot a buying zone in a lower time frame, but notice a supply zone in the higher time frame at that exact position, the likelihood of a profitable trade decreases significantly. In such cases, it's prudent to steer clear of the lower time frame zone. This emphasizes the critical significance of employing a top-down approach or conducting a multiple time frame analysis.
Note: By Doing top down approach you can easily follow the footprints of smart money in the stock market or any other market by using this indicator and make well-informed trading decisions.
Remember, don't make decisions based only on one time frame. Check the overall trend of the stock and look at buying and selling points on bigger time scales. If you only use one time scale, your chances of making successful trades will be lower.
💎 To execute these comprehensive analyses and optimize your trading outcomes, you can make use of my indicator called "Demand & Supply Zone Scoring: Rally Base & Drop Concept."💎
This indicator is thoughtfully crafted to assess the strength of trade setups based on demand and supply zones through a scoring mechanism. It serves as your guide for correct top-down and multiple time frame analysis, eliminating the possibility of overlooking any strategic parameters. To gain deeper insights, you can learn more about how to use this indicator in its description.
Lastly, Thank you for your support, your likes & comments." Feel free to ask if you have questions.
Let's conquer the markets together! 🚀
buy/sell signals with Support/Resistance (InvestYourAsset) 📣The present indicator is a MACD based buy/sell signals indicator with support and resistance, that can be used to identify potential buy and sell signals in a security's price.
📣It is based on the MACD (Moving Average Convergence Divergence) indicator, which is a momentum indicator that shows the relationship between two moving averages of a security's price.
📣 The indicator also plots support and resistance levels, which can be used to confirm buy and sell signals. The support and resistance can also be used as a stoploss for existing position.
👉 To use the indicator, simply add it to your trading chart. The indicator will plot three sections:
📈 Price and Signals: This section plots the security's price and the MACD buy and sell signals.
📈 MACD Oscillator: This section plots the MACD oscillator, which is a histogram that shows the difference between the two moving averages.
📈 Moving Averages: This section plots the two moving averages that the MACD oscillator is based on.
📈 Support and Resistance: This section plots support and resistance levels, which are calculated based on the security's recent price action.
👉 To identify buy and sell signals, you can look for the following:
📈 Buy signal: When shorter Moving Average crosses over longer Moving Average.
📈 Sell signal: When shorter moving average crosses under longer moving average.
📈 You can also look for divergences between the MACD oscillator and the security's price. A divergence occurs when the MACD oscillator is moving in one direction, but the security's price is moving in the opposite direction. Divergences can be a sign of a potential trend reversal.
👉 To confirm buy and sell signals, you can look for support and resistance levels take a look at below snapshot. If a buy signal occurs at a support level, it is a stronger signal than if it occurs at a random price level. Similarly, if a sell signal occurs at a resistance level, it is a stronger signal than if it occurs at a random price level.
⚡ Here is a example of how to use the indicator to identify buy signal:
☑ Add the indicator to your trading chart.
☑Look for a buy signal when short MA crosses over Long MA.
☑Look for the buy signal to occur at a support level.
☑Enter a long position at the next candle.
☑Place a stop loss order below the support level.
☑Take profit when the MACD line crosses below the signal line, or when the security reaches a resistance level.
⚡ Here is an example of how to use the indicator to identify a sell signal:
☑Add the indicator to your trading chart.
☑Look for a sell signal, when shorter moving average crosses under longer moving average.
☑Look for the sell signal to occur at a resistance level.
☑Enter a short position at the next candle.
☑Place a stop loss order above the resistance level.
☑Take profit when the MACD line crosses above the signal line, or when the security reaches a support level.
✅Things to consider while using the indicator:
📈Look for buy signals in an uptrend and sell signals in a downtrend. This will increase the likelihood of your trades being successful.
📈Place your stop losses below the previous swing low or support for buy signals and above the previous swing high or resistance for sell signals. This will help to limit your losses if the trade goes against you.
📈Consider taking profits at key resistance and support levels. This will help you to lock in your profits and avoid giving them back to the market.
Follow us for timely updates regarding indicators that we may publish in future and give it a like if you appreciate the indicator.
Dinapoli Thrust Scanner Multi MarketThis is the Multi-Market version of the Dinapoli Thrust Scanner. This indicator is able to scan up to 12 markets in 3 time frames simultaneously.
This tool is an aid to the trader and shouldn't be used in automated trading. As any Dinapoli trader would know, the Thrust pattern recognition requires visual approval from the trader.
The Thrust Scanner can display the following information onscreen:
A Multi-Timeframe Table that colors to indicate Recent/Current Thrusts. Green color signals a potential Up Thrusts, whilst red color signals a potential Down Thrust.
The DMA crosses get signaled with custom colors.
The Thrust Scanner has a Sensitivity Control which allows the trader to customize the accuracy of the scanner:
The stricter the setting, the lesser the number of potential Thrust that qualify, and therefore the more accurate the Thrust detection.
The looser the setting, the more number of potential Thrust being detected, but also the more Look Alikes (LaL) or false positives there will be.
Note: The scanner is resource hungry, and sometimes it might need some seconds to fully display the data.
VLTS Candles by nnamdertWhat is VLTS
VLTS is the Value Line Trading System
What Does this Indicator Do?
This indicator draws boxes that represent both the DAILY and HOURLY candles as an overlay on the current timeframe.
1. If you are viewing the 15-minute timeframe chart, a Box will be drawn around the 4 candles that would represent an hourly candle. This way you can see inside the hourly candle easily while viewing the 15-minute timeframe.
2. If you are viewing the 4-hour timeframe chart a Box will be drawn around the 6 candles that would represent the 24-hour timeframe. (6 x 4 = 24)
3. This indicator allows you to see BOTH the DAILY BOX and the HOURLY BOX at the same time. This allows you to see the bars inside the hourly and the hourly bars (represented by boxes) inside the daily box (which represents the daily candle).
(See the screenshot below)
How do I use it?
To get the most out of this indicator, it is meant to be used with the VLTS / Value Line Trading System. The Value line is simply the center of a contraction candle on the daily. This indicator allows you to easily visualize the contraction on both the Daily and the Hourly timeframes while viewing a lower timeframe chart.
After finding the Value Line, you can follow the Value Line Trading Rules to find entries and exits. (using Expansion Legs, Trends etc.)
In the screenshot below, we can see the manually drawn Value Line using the Daily Candle.
Zooming out while on the 15-minute timeframe allows the trader to easily spot Contraction areas and manually draw them in for use with the VLTS.
As seen in the screenshot below we draw a box around the daily contraction without having to switch timeframes.
Features
User inputs allow the trader to turn features ON or OFF as desired.
For example, as seen in the screenshot below, traders can turn OFF the Box Fill option and leave only the border for a less cluttered look.
Traders can turn OFF the boxes completely and use a fully customizable Moving Average on the chart after using the boxes to find the value line.
Traders can also have all features turned ON at the same time of OFF at the same time.
Bullish and Bearish Ticks can be turned ON to alert the trader of Bullish Sentiment while using other indicators without the need to have the boxes or moving average visible on the chart.
Color Coded Bars can be used to identify the same Bullish / Bearish Conditions if tick plots are not desirable or conflict with other indicators.
Happy Trading !!! I hope you enjoy the indicator.
Glowing RSI Candlesticks (With Buy and Sell helpers)This is not your average, boring RSI indicator.
This indicator is still an RSI (momentum) indicator, but I have converted the line into candlesticks.
It has an option to make it glow neon blue to make it look cooler (dark background recommended for full effect).
There is a red zone at 70, because of course, and a green zone at 30 for the same reason.
On top of that, it has triple moving averages, two of which it uses to create some simple buy and sell indications (the vertical green and red lines).
Enjoy! :)
Dynamic 5-Day Moving AverageThe Dynamic 5-Day Moving Average (MA) indicator is designed to provide traders with a consistent, time-adjusted moving average line across various timeframes. This indicator is especially useful for traders who switch between multiple timeframes and want a moving average that represents a fixed 5-day period, ensuring that the MA reflects a consistent lookback period relative to the amount of trading time each candle represents.
Features:
Timeframe Adaptability: Automatically adjusts the MA period to correspond to a 5-day lookback, regardless of the selected timeframe.
Intraday Precision: For intraday charts (5m, 15m, 30m, 1h, 2h, 4h), the indicator calculates the number of periods within the 5-day span based on the chart's timeframe.
Daily and Weekly Timeframe Compatibility: Sets the period to 5 for daily charts to maintain the 5-day MA, and to 1 for weekly charts, where each candlestick represents a week's worth of trading days.
Calculation Logic:
The indicator begins by defining the total number of trading minutes in 5 days, based on a standard 6.5-hour trading day.
A dynamic period calculation function then determines the number of those intervals that fit into the 5-day minute total for the selected timeframe.
For daily charts, the period is a straightforward 5, while for weekly charts, the period is set to 1, reflecting the average of the past 5 trading days.
Averaged Moving Average Ribbon with Bollinger BandsThis indicator provides a visual representation of an averaged weighted moving average (WMA) ribbon (default setting) along with Bollinger Bands on a price chart. Pay attention to how the moving average and band expand and contract, as well as where price crosses the Bollinger bands (Green and red) or the basis line (blue). Look for patterns, and exploit them to your advantage to give you another edge in trading.
>> Feel free to suggest changes or other additions in the comments :)
Here's a brief explanation of how this indicator works:
1. **Moving Average Type:** You can select the type of moving average (MA) to use from the dropdown menu. The available options are Weighted Moving Average (WMA), Simple Moving Average (SMA), and Exponential Moving Average (EMA).
2. **Bollinger Bands Deviation:** This input allows you to adjust the deviation for the Bollinger Bands. Higher values increase the width of the bands, while lower values decrease it.
3. **Moving Average Lengths:** The script calculates various moving averages (WMA, SMA, or EMA) with different lengths, ranging from 5 to 100, in increments of 5. These moving averages are used to create the ribbon.
4. **Ribbon Calculation:** The indicator calculates the selected moving average (WMA, SMA, or EMA) for each of the specified lengths. It then averages these moving averages to create a ribbon of MAs. This ribbon represents a smoother and more encompassing view of the underlying price action.
5. **Bollinger Bands:** The script also calculates and plots Bollinger Bands based on the ribbon's average. The upper Bollinger Band (green) and lower Bollinger Band (red) are plotted around the ribbon average. These bands provide insights into potential overbought and oversold conditions.
In summary, this indicator allows traders and analysts to visualize a weighted moving average ribbon with Bollinger Bands to gain a better understanding of price trends, volatility, and potential reversal points in the market. The combination of different moving average lengths and Bollinger Bands can help in making informed trading decisions.
