Cipher Twister - Long and ShortINTRO / NOTES:
This script is based on Market Cipher B Oscillator by Falcon
The difference in this script is that only the useful points are printed on the indicator, namely Long and Short Trade Execution signals to be used by a bot, namely the PT Bot.
The script also differs from the original that it has been upgraded to Pinescript v4
This oscillator can be used with ALL time frames, but generally works the best on 15 minute and 1 hour charts on ANY market, no matter, stock, forex, crypto, spot, futures, derivatives, Nasdaq etc...
DEFINITIONS:
This oscillator forms the foundation of Buy and Exit of Long and Short Trades.
There are 2 'Red' Lines at the top of the channel and 2 Green Lines at the bottom of the channel.
These two channels are set at default to be +53 / -53 and +60 / -60 respectively. These two lines will serve as the threshold point if one is to make cautious trades only.
There is a center line which divides the Oscillator into two parts. Above the center line, the market is in over bought territory and Below the center line is in over sold territory.
'Red' dots are drawn by the indicator to represent a potential Short (or a signal to exit from a Long position)
'Green' dots are drawn by the indicator to represent a potential Long (or a signal to exit from a Short position)
The 'Red' and 'Green' dots are draw when a Cross between both wt1 & wt2 cross, thus providing a fantastic indication of potential trend reversal and entry/exit of a position.
STRATEGY NOTES:
The strategy to use this indicator with for realistic and proper results would be to use it with an automated Trading Bot such as Profit Trailer (PT-BOT)
You could use this strategy manually, however it would mean you would need to sit in front of the screen all day and night long and activate the trades immediately after the 'red'/'green' dots are drawn. Usually this will result in non-optimal entries and exits as well as loss on various instances when a 'red' and 'green' dot are printed close together (which is usually when the market goes into correction/consolidation) and slow entries/exits will result in a loss rather than a small profit or exit at BE (Break Even)
ACTUAL STRATEGY (For use with automated bot)
To be used in conjunction with Heikin Ashi Candles for added cautionary measures
For LONGs ONLY
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1/ When 'Green' dot is drawn, ACTIVATE Long Position
(Use 1.5% Risk Management for each trade)
(Use Lot size based on 1.5% risk management and xLeverage (if any))
2/ Make sure bot Opens an SL (Stop Loss) value based on 1.5% Risk Management
3/ When 'Red' dot is drawn, CLOSE Long Position.
*If you want to add extra caution to your trade, only activate the trade if the 'Green' dot is BELOW the 'Green' Markers
*For added caution, use color coded Heikin Ashi candles to 'confirm' Activation and Closing of a trade in the bot configuration
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For SHORTs ONLY
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1/ When 'Red' dot is drawn, ACTIVATE Short Position
(Use 1.5% Risk Management for each trade)
(Use Lot size based on 1.5% risk management and xLeverage (if any))
2/ Make sure bot Opens an SL (Stop Loss) value based on 1.5% Risk Management
3/ When 'Green' dot is drawn, CLOSE Short Position
*If you want to add extra caution to your trade, only activate the trade if the 'Red' dot is Above the Red Markers
*For added caution, use color coded Heikin Ashi candles to 'confirm' Activation and Closing of a trade in the bot configuration
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Supplementary Notes:
Make sure that your bot configuration will only activate ONE TRADE when the 'Green'/'Red' dot appears.
Occasionally during high volatility , 'red'/'green' dots will appear intermittently before remaining drawn, thus the oscillator 'redraws' the dots during market movement.
There will be times where occasionally a 'green' dot or a 'red' dot will appear, the trade will be opened, but the trade will fail due to the market manipulation (algorithm/market maker bots/fake volume etc), to wipe out those trading on derivatives and futures markets using leverage. Do not worry about this, no bot can make 100% wins, no strategy will achieve 100% win ratio and one necessarily doesn't need a high win ratio when using strict money management practices with your trading for SL and lot size.
If you use this method, you will see great results, but again I must stress, using this method with a fully automated bot is the only way to achieve proper results.
Open
High/Low/Open/Close Daily, Weekly, Monthly Line
I wrote this for the purpose of saving time while marking up charts by automating the process of drawing and labeling lines at areas of interest on larger
timeframes while still having the option to change the style and size of the lines and labels to adjust for any timeframe and avoid a messy chart.
I also used this as an exercise in menu organization giving users every imaginable option and producing clean readable code.
- This indicator draws a line on the Daily, Weekly, and Monthly bar at the High, Low, Open and Close of each bar as price
tends to react when revisiting these areas.
- Each set of bars has an optional identifying label with its own color set that can be shown with or without the lines
price value, and has drop down menus for size and style of each set of labels.
- Each set of lines has inputs for line/text color, line width and style, and can be hidden if the user doesn't have the need for any particular timeframe.
- Lines and Labels with delete when a new line is created.
- I recommend going into Chart Settings/Status Line and turning off indicator arguments OR moving the script to the top
of the indicator list to avoid an obstructed chart view with this indicators arguments. When Pine allows, I will update it to hide them.
Contains some public domain code from T.V. manuals and tutorial for creating drop down input menus for options.
/ ~For My Pal Jittery~
~ Who likes his clean chart and custom colors~
Key Levels (Time Frames - Weekly,Monthly,Quarterly,Yearly)This indicator plots the 4h, Daily, Weekly, Monthly, Quarterly, Yearly Open High, Low and Mids.
You can watch how these institutional trading levels work as support and resistance.
Most Important you can add alerts to these levels with a few clicks.
Just add/remove unnecessary levels for scaling problems.
For any error/suggestion/improvement just let me know.
Percentage Levels by TimeframePlots the positive and negative percentage levels from a selection of timeframes and sources for any ticker. You can use this within a pullback trading system. For example, if you historically look at the average pullback of large cap stocks and ETF's, you can use this indicator to plot the levels it could pullback to for an entry to go long. It can be used as potential targets when trading a ticker short. Another use for this is to backtest the set percentage targets using TradingView's bar replay feature to see how ETF's and large cap stocks have reacted at these levels. Note: This is intended to be used at timeframes equal to higher than the chart's as it may cause re-painting issues.
Currently percentage levels are statically set to 1, 3, 5, 10, 15, 20, 25, and 30% levels above and below the chosen source (open, high, low, close). You can also display the data based on timeframes from Daily (1D) all the way up to Yearly (12M)
*Not financial advice but in my opinion the current percentage levels set (see above) are best used for ETF's and Large Cap Stocks.
Jan 2
Release Notes: Added the ability to select the historical bars to look back when plotting levels
Jan 2
Release Notes: To get a better display or proper resolution on your charts, change the view settings to "Scale Price Chart Only"
Jan 2
Release Notes: To add % labels for this indicator on the price axis, change your chart settings to include "Indicator Name Label" & "Indicator Last Value". You can find this under the Label section after hitting the gear icon in the bottom right of your chart.
Jan 2
Release Notes: Added: Custom Line Plot Extension Settings. Ideally both values should be equal to display optimal extended lines. To return to a base setting: '1' = Historical Lookback & '0' = Offset Lines. Also note this is dependent on the timeframe you are viewing on the chart.
Jan 2
Release Notes: Removed indicator from example chart that was not needed.
Jan 2
Release Notes: Updated some comments in the Pine Script
Jan 2
Release Notes: Update: Added commentary and instructions in the indicator settings to address recommended line plot settings for Stocks/ETF's vs Futures
Jan 2
Release Notes: Changed title from "Calculation Method" to "Calculation Source"
Jan 4 2021
Normal use of security() dictates that it only be used at timeframes equal to or higher than the chart's as it may cause re-painting
Plot Real Open and Close - SamXI built this indicator as a personal request from a friend. He often trades using Heiken Ashi charts, but wanted a way to easily cross-reference real-price open and close values for the same timeframe on the same chart (as HA candles are by design lagging, they can take a few periods to catch up to a large move). This can also be used to help guide support and resistance zones using real-price data points should you so choose.
There are 2 major ways to configure this indicator to display real-price open and close:
As a Bar or Hollow Candle style chart overlay
As on-chart shapes (allowing individual control over which data to show - open, close, or both)
DailyDeviationLibrary "DailyDeviation"
Helps in determining the relative deviation from the open of the day compared to the high or low values.
hlcDeltaArrays(daysPrior, maxDeviation, spec, res) Retuns a set of arrays representing the daily deviation of price for a given number of days.
Parameters:
daysPrior : Number of days back to get the close from.
maxDeviation : Maximum deviation before a value is considered an outlier. A value of 0 will not filter results.
spec : session.regular (default), session.extended or other time spec.
res : The resolution (default = '1440').
Returns: Where OH = Open vs High, OL = Open vs Low, and OC = Open vs Close
fromOpen(daysPrior, maxDeviation, comparison, spec, res) Retuns a value representing the deviation from the open (to the high or low) of the current day given number of days to measure from.
Parameters:
daysPrior : Number of days back to get the close from.
maxDeviation : Maximum deviation before a value is considered an outlier. A value of 0 will not filter results.
comparison : The value use in comparison to the current open for the day.
spec : session.regular (default), session.extended or other time spec.
res : The resolution (default = '1440').
Sessions & Days Of The WeekTraders tend to focus their energy on specific sessions or time periods. This indicator will plot the days of the week, and also highlight the following sessions: Frankfurt (2:00am - 11:00am EST), London (3:00am - 12:00pm EST), New York (8:00am - 5:00pm EST), Sydney (5:00pm - 2:00am EST), Tokyo (7:00pm - 4:00am EST).
It’s important to be aware that Session Open and Close times will vary based on the time of year, as countries shift over to daylight savings time.
ICT New York NY Midnight Open and DividerThis simple indicator plots out ICT's New York midnight open price and a vertical divider at that time.
12am NY time is a key level to watch for daytrading and intraday scalping, often providing entry levels and orderblocks.
The session time may need to be adjusted for different exchanges, but the default is for most of forex.
DailyLevelsLibrary "DailyLevels"
Functions for acquiring daily timeframe data by number of prior days.
openD(daysPrior, spec, res) Gets the open for the number of days prior.
Parameters:
daysPrior : Number of days back to get the open from.
spec : session.regular (default), session.extended or other time spec.
res : The resolution (default = '1440').
Returns: The open for the number of days prior.
highD(daysPrior, extraForward, spec, res) Gets the highest value for the number of days prior.
Parameters:
daysPrior : Number of days back to get the high from.
extraForward : Number of extra days forward to include.
spec : session.regular (default), session.extended or other time spec.
res : The resolution (default = '1440').
Returns: The high for the number of days prior.
lowD(daysPrior, extraForward, spec, res) Gets the lowest value for the number of days prior.
Parameters:
daysPrior : Number of days back to get the low from.
extraForward : Number of extra days forward to include.
spec : session.regular (default), session.extended or other time spec.
res : The resolution (default = '1440').
Returns: The low for the number of days prior.
closeD(daysPrior, spec, res) Gets the close for the number of days prior.
Parameters:
daysPrior : Number of days back to get the open from. 0 produces the current close
spec : session.regular (default), session.extended or other time spec.
res : The resolution (default = '1440').
Returns: The close for the number of days prior.
hlc3D(daysPrior, extraForward, spec, res) Gets the HLC3 value for the number of days prior.
Parameters:
daysPrior : Number of days back to get the HLC3 from.
extraForward : Number of extra days forward to include. Determines the closing value.
spec : session.regular (default), session.extended or other time spec.
res : The resolution (default = '1440').
Returns: The HLC3 for the number of days prior.
Market Sessions Open/Close LevelsThis indicator displays the market open and close price levels for the main trading sessions (Sydney, Tokyo, Frankfurt, London and New York). The Daily Line changes color depending on if price is trading above or below the level. Feel free to add or replace levels depending on your trading style and trading times.
OHLC - H.D.W.MThis indicatos plots Open and Close of the Curernt and Previous Day, Week or Month. It also shows the Highs and Lows of the Hourly, Daily, Weekly and Monthly Timeframes.
Daily lines (UTC)This is a simple script to add highlighted lines on the daily open.
It uses UTC as timezone.
Light BalanceThe script is simple, going for a color scheme logic which tenderly avoids rigorous signals processing.
For the script to remain simple, logical derivatives are also out; as such, there are no secondary relations built off of primary ones. And it also ignores (unless you do this yourself) the logic in a varying order of lines.
Coloring has been done according to a limited set of relations between the four (4) plotted lines.
Quite a bit of information is capture, as you'll see when looking at line order, crossings, and transparency transitions and their patterns.
The approach makes the relations ones which can be learned over time; you become the algorithm to sort out signals. Ha ha. I know that sounds like a cop out doesn't it. Did I mention it's a simple script?
One thing you might want to play with right away are fills having red and green, and lime and fuchsia. It would be cool to reduce it all down to two (2) colors, but all the boolean relations might have to be listed, and it also may not be possible to cumulatively combine transparency overlays of the same value. Visually, that approach may not result to awaken a useful feature anyway. Also, fill() has its limitations in that it cannot be in a local scope; this includes function wrapped calls to fill(), or calls made using branching logic statements if/elseif, iff(), and var = (cond) ? t_val/exp : f_val/exp. So, to my knowledge, a fill() can not be made to be logically on/off.
Please, enjoy getting some use out of it.
MTF Key Levels - Support and ResistanceThis indicator shows how to Multi Time Frame (MTF) interpret levels:
Watch how price acts around these levels and how they can act as support/resistance and can be used as great confluence levels for your technical analysis.
This indicator displays:
VWAP Levels
Daily / Weekly / Monthly / Yearly
Within the chart above I have marked out how displaying these VWAP levels can provide support and resistance levels to be aware of.
Daily – Weekly - Monthly – Yearly Levels
O = Open / H = High / L = Low
pO = Previous Open / pH = Previous High / pL = Previous Low / pEQ = Previous Equlibrium
Having previous Low/High levels makes you aware of Swing Failure Patterns (SFP). Also the daily/weekly/monthly opening and previous opening can assist with the trend.
Daily Open: Gives you an idea who is in control for the day. This level very often acts as strong support or resistance.
Weekly Open: Indicates where the price is within the higher timeframe.
Monthly Open & Yearly Levels: Overview of direction for the whole month without looking at a monthly chart and Yearly chart
Line Options
Within the line options you can choose to have a clean chart and display a “short line”. These line length can be adjusted by the user.
Line just to the right.
Line across the screen.
Disclaimer: The Monthly and Yealy VWAP will only show on higher timeframes this is due to restriction of how many candles can be shown on the chart. The candles displayed need to go back to either the start of the month of year to be able to calculate their VWAPs.
Daily Open Horizontal LineThis script draws a horizontal line that starts in the daily open (00:00 UTC)
Basically I did this since lots of times price come back down/up to the daily open and then bounces, meaning we can take trades based on this.
Hope you enjoy it.
PD: Took the code from infernix, all the credits to him, I know shit about coding.
Infernix TDV Profile: tradingview.com/u/infernixx
Naked - Daily Weekly MonthlyUser request for Naked Daily Weekly Monthly Opens.
This indicator plots the Daily Weekly Opens (the day after day after creation), they then will stay on the chart until a candle close is completed on the other side of the plot.
In the above chart picture you can see how previous monthly and daily opens have acted as support and resistance.
Thanks go to:
StackOverFlow Bjorn Mistiaen
Repulsion: Price & Volume 1Repulsion: Price & Volume 1
www.quantamagazine.org
Proof of concept using the above link and comparisons of price and volume, and one of a series stemming from the so-called Repulsion Engine, now also open sourced, and other indicators from the workbench.
Traffic lights are not accurate.
Like it if you use it, drop a line if you update it -- or if you have comments about how to improve it.
Open Close Cross Strategy plus ExplorerOpen Close Cross Strategy plus Explorer
V 1.0
There is a code that can control sensitivity. try to change 'ATR Multiplier' menu
There is a code for prevent 'repaint'. If you want it check 'Forces Non-Repainting' menu
thanks to
PMax Explorer STRATEGY & SCREENER KivancOzbilgic
Open Close Cross Strategy R5 revised by JustUncleL JustUncleL
NSDT Daily Key LevelsSimple script to show key levels of current day and previous day. Labels can be turned on and off as needed. Line colors, thickness and style can be changed. Modified the "M/W/D Level" script from paaax. Credit for original code goes to him. Link to script and profile posted in code of this script.
Initial Balance Markets Time ZonesThe below script is based on Initial Balance.
Initial Balance is based on the highest and lowest points of Price Action (PA) within the first 60 minutes of trading. There is so much information available online, reference Initial Balance, that I have not provided a reference.
Most indicators I have seen have been solely based on UTC 0000 Initial Balance. My aim with this indicator was to be able to visualize how other time zones market openings Initial Balance affect PA.
The three market openings I chose to code in are:
London 0800 to 0900
New York 1430 to 1530
Asia 0000 to 0100
Within the script I have given the user the option to select to see with a green or red background when PA is above all zones Initial Balance high (green) or PA is below all zones Initial Balance low (red).
Alerts are also coded in, to prompt the user that PA has gone above or below as per above.
The Initial Balance high and lows also offer another form of areas of confluence.
Below are some examples of IB in action:
LTC
NULS
UNFI
DEXE
Pre and Market OpeningsPre and Market Openings is to enable you to quickly visualize the opening markets and how they could influence trading.
The below script has used the market time data from the below links:
Tokyo/Asia www.tradinghours.com
London www.tradinghours.com
New York www.tradinghours.com
The below script aims to plot:
Daily Asia Open
Weekly Asia Open
Daily London Open
Weekly London Open
Daily New York Open
Weekly New York Open
Using background colour it also shows market sessions (pre-market) for London and New York and regular for London, New York and Asia.
There is also plotted text for days of the week and sessions.
As you can see from the picture below that these market openings can act as support and resistance:
BTC
ETH
VFFVFluctuations to Volume desired to change the price.
to identifying which parameter of ask/bid (Technical ) or News (fundamental) parameters are changing the market I think this formula is enough !!!!
thanks for use and share your comments
Trading Ideas - Chart Champions Value - Points of Interest Trading Ideas is based on having visual Points of Interest.
The indicator displays:
- dOpen : Daily Open
- dPOC: Developing Point of Control
- pdPOC : Previous Day Point of Control
- dbyPOC : Day Before Yesterday Point of Control
Initial Balance (High, low, mid points for the first hour (UTC 0000)
- IB High : Initial Balance High
- IB Mid : Initial Balance Middle
- IB Low : Initial Balance Low
Chart Champions Value ( CCV ) is based on Daniel - Chart Champions theory explained in his educational videos.
That if the previous day is a range day and price action (PA) closes:
Above the previous days Value Area High (pdVAH) then there is an 80% chance of it retracing back to previous days Value Area Low (pdVAL)
Below the previous days Value Area Low (pdVAL) then there is an 80% chance of it going back up to the previous days Value Area High (pdVAH)
The CCV check can be ticked on and off for a quick visual to see if the setup could potentially be in play (if green then CCV could be play for that day).
Settings/Configuration
The calculated Value Area (VA) can be amended.
It is recommend to change the resolution to that of your symbol. For example BTC resolution 1, XRP resolution 0.00001.
As seen below having key Points of Interest can make you think twice before going into a trade:
My thanks go to:
ahancock for allowing usage of his script.
AnyDozer and Bjorn Mistiaen on Stack Overflow for all their assistance.
Any feedback will be gratefully received.
