CAD CHF JPY (Index) vs USDDescription:
Analyze the combined performance of CAD, CHF, and JPY against the USD with this customized Forex currency index. This tool enables traders to gain a broader perspective of how these three currencies behave relative to the US Dollar by aggregating their movements into a single index. It’s a versatile tool designed for traders seeking actionable insights and trend identification.
Core Features:
Flexible Display Options:
Choose between Line Mode for a simplified view of the index trend or Candlestick Mode for detailed analysis of price action.
Custom Weight Adjustments:
Fine-tune the weight of each currency pair (USD/CAD, USD/CHF, USD/JPY) to better reflect your trading priorities or market expectations.
Moving Average Integration:
Add a moving average to smooth the data and identify trends more effectively. Choose your preferred type: SMA, EMA, WMA, or VWMA, and configure the number of periods to suit your strategy.
Streamlined Calculation:
The index aggregates data from USD/CAD, USD/CHF, and USD/JPY using a weighted average of their OHLC (Open, High, Low, Close) values, ensuring accuracy and adaptability to different market conditions.
Practical Applications:
Trend Identification:
Use the Line Mode with a moving average to confirm whether CAD, CHF, and JPY collectively show strength or weakness against the USD. A rising trendline signals currency strength, while a declining line suggests USD dominance.
Weight-Based Analysis:
If CAD is expected to lead, adjust its weight higher relative to CHF and JPY to emphasize its influence in the index. This customization makes the indicator adaptable to your market outlook.
Actionable Insights:
Identify key reversal points or breakout opportunities by analyzing the interaction of the index with its moving average. Combined with other technical tools, this indicator becomes a robust addition to any trader’s toolkit.
Additional Notes:
This indicator is a valuable resource for comparing the collective behavior of CAD, CHF, and JPY against the USD. Pair it with additional oscillators or divergence tools for a comprehensive market overview.
Perfect for both intraday analysis and swing trading strategies. Combine it with EUR GPB AUD (Index) indicator.
Good Profits!
אינדיקטורים ואסטרטגיות
Futuristic Indicator v3 - Enhanced Glow & Strength MetersTo ensure candles are display by script go to trading view settings and uncheck default Candle, Body and Wick to prevent them from plotting over your modified candles.
Futuristic Indicator v3 - Enhanced Glow & Strength Meters: Detailed Breakdown
This Modern styled Pine Script indicator is designed to enhance technical analysis by providing a visually striking OLED-style dashboard with multiple market insights. It integrates trend detection, momentum analysis, volatility tracking, and strength meters into a single, streamlined interface for traders.
1️⃣ Customizable Features for Flexibility
The indicator offers multiple user-configurable settings, allowing traders to adjust the display based on their trading strategy and preferences. Users can toggle elements such as strength meters, volatility indicators, trend arrows, moving averages, and buy/sell alerts. Additionally, background and candle colors can be customized for better readability.
🔹 Why is this useful?
Traders can customize their charts to focus on the data they care about.
Reduces chart clutter by allowing users to toggle features on or off.
2️⃣ Trend Detection Using EMAs
This indicator detects market trends using two Exponential Moving Averages (EMA):
A "Fast" EMA (shorter period) for quick trend shifts.
A "Slow" EMA (longer period) to confirm trends.
Comparison of the two EMAs determines if the trend is bullish (uptrend) or bearish (downtrend).
The indicator colors the trend lines accordingly and adds a trend arrow 📈📉 for quick visual cues.
🔹 Why is this useful?
EMA crossovers are widely used to identify trend reversals.
Provides clear visual cues for traders to confirm entry & exit points.
3️⃣ RSI-Based Momentum Analysis
The indicator integrates the Relative Strength Index (RSI) to gauge market momentum. The momentum value changes color dynamically based on whether it's in bullish (>50) or bearish (<50) territory.
🔹 Why is this useful?
RSI helps identify overbought and oversold conditions.
Detects trend strength by measuring the speed of price movements.
4️⃣ Bullish & Bearish Strength Meters
The indicator quantifies bullish and bearish market strength based on RSI and converts it into a percentage-based meter:
Bullish Strength (Long Strength)
Bearish Strength (Short Strength)
Strength meters are displayed using OLED-styled bars, dynamically changing in real-time.
🔹 Why is this useful?
Allows traders to visually gauge market sentiment at a glance.
Helps confirm if a trend has strong momentum or is losing strength.
5️⃣ Market Volatility Indicator (ATR-Based)
The indicator includes a volatility tracker using the Average True Range (ATR):
ATR is scaled up to provide easier readability.
Higher ATR values indicate higher market volatility.
🔹 Why is this useful?
Helps traders identify potential breakout or consolidation phases.
Allows better risk management by understanding price fluctuations.
6️⃣ Trend Strength Calculation
The indicator calculates trend strength based on the difference between the EMAs:
A higher trend strength value suggests a stronger directional trend.
Displayed as a percentage for better clarity.
🔹 Why is this useful?
Helps traders differentiate between strong and weak trends.
Reduces the likelihood of entering weak or choppy markets.
7️⃣ OLED-Style Dashboard for Market Data
A futuristic OLED-styled table is used to display critical market data in a visually appealing way:
Trend direction (Bullish/Bearish with an arrow 📈📉).
Current price.
Momentum value.
Strength meters (Bullish/Bearish).
Trend strength percentage.
Volatility Meter
The dashboard uses high-contrast colors and neon glow effects, making it easier to read against dark backgrounds.
🔹 Why is this useful?
Provides a centralized view of key trading metrics.
Eliminates the need to manually calculate trend strength.
8️⃣ Modern Style Neon Glow Effects
To enhance visibility, the indicator applies glowing effects to:
Moving Averages (EMAs): Highlighted with layered glow effects.
Candlesticks: Borders and wicks dynamically change color based on trend direction.
🔹 Why is this useful?
Improves readability in low-contrast or dark-mode charts.
Helps traders spot trends faster without reading numerical data.
9️⃣ Automated Buy & Sell Alerts
The script triggers alerts when momentum crosses key levels:
Above 55 → Potential Long Setup
Below 45 → Potential Short Setup.
🔹 Why is this useful?
Alerts help traders react quickly without constantly monitoring the chart.
Reduces the risk of missing critical trade opportunities.
🔹 Final Summary: Why is This Indicator Useful?
This futuristic cyberpunk-styled trading tool enhances traditional market analysis by combining technical indicators with high-visibility visuals.
🔹 Key Benefits:
✅ Customizable Display – Toggle elements based on trading needs.
✅ Trend Detection – EMAs highlight uptrends & downtrends.
✅ Momentum Tracking – RSI-based momentum gauge identifies strong moves.
✅ Strength Meters – Bullish/Bearish power is clearly visualized.
✅ Volatility Insights – ATR-based metric highlights market turbulence.
✅ Trend Strength Analysis – Quantifies trend intensity.
✅ Dashboard – Provides a centralized, easy-to-read data panel.
✅ Cyberpunk Neon Glow – Enhances clarity with stylish aesthetics.
✅ Real-Time Alerts – Helps traders react to key opportunities.
This indicator is designed to be both functional and visually appealing, making market analysis more intuitive and efficient. 🚀
Buy/Sell Break and RetestThis script is a Pine Script indicator for TradingView titled **"Buy/Sell Break and Retest"**. Here's a description of its functionality:
### Purpose:
The script identifies potential **buy** and **sell entry levels** based on break-and-retest patterns in the market. It works by analyzing higher timeframe data (e.g., 1-hour) and marking entries on a lower timeframe (e.g., 1-minute).
### Key Features:
1. **Configurable Timeframes**:
- `Analysis Timeframe`: Used for identifying break-and-retest signals (default: 1-hour).
- `Entry Timeframe`: Used for marking and plotting entries (default: 1-minute).
2. **Buy and Sell Signals**:
- A **sell entry** is triggered when a bearish candle (close < open) is identified in the analysis timeframe.
- A **buy entry** is triggered when a bullish candle (close > open) is identified in the analysis timeframe.
3. **Retest Logic**:
- For sell signals: The retest is validated when the price breaks below the identified sell level.
- For buy signals: The retest is validated when the price breaks above the identified buy level.
4. **Visual Indicators**:
- Entry levels are marked with labels:
- **Buy Entry**: Green labels are placed at bullish candle opens.
- **Sell Entry**: Red labels are placed at bearish candle closes.
- Plots the levels for easy reference:
- **Sell Level**: Displayed as red circles on the chart.
- **Buy Level**: Displayed as green circles on the chart.
5. **Dynamic Updates**:
- Levels are cleared when invalidated by the price action.
### Use Case:
This indicator helps traders spot break-and-retest opportunities by:
- Allowing higher timeframe analysis to determine trend direction and key levels.
- Providing actionable buy and sell entry points on lower timeframes for precision.
Let me know if you'd like further clarification or improvements!
BuyTheDips Trade on Trend and Fixed TP/SL
This strategy is designed to trade in the direction of the trend using exponential moving average (EMA) crossovers as signals while employing fixed percentages for take profit (TP) and stop loss (SL) to manage risk and reward. It is suitable for both scalping and swing trading on any timeframe, with its default settings optimized for short-term price movements.
How It Works
EMA Crossovers:
The strategy uses two EMAs: a fast EMA (shorter period) and a slow EMA (longer period).
A buy signal is triggered when the fast EMA crosses above the slow EMA, indicating a potential bullish trend.
A sell signal is triggered when the fast EMA crosses below the slow EMA, signaling a bearish trend.
Trend Filtering:
To improve signal reliability, the strategy only takes trades in the direction of the overall trend:
Long trades are executed only when the fast EMA is above the slow EMA (bullish trend).
Short trades are executed only when the fast EMA is below the slow EMA (bearish trend).
This filtering ensures trades are aligned with the prevailing market direction, reducing false signals.
Risk Management (Fixed TP/SL):
The strategy uses fixed percentages for take profit and stop loss:
Take Profit: A percentage above the entry price for long trades (or below for short trades).
Stop Loss: A percentage below the entry price for long trades (or above for short trades).
These percentages can be customized to balance risk and reward according to your trading style.
For example:
If the take profit is set to 2% and the stop loss to 1%, the strategy operates with a 2:1 risk-reward ratio. BINANCE:BTCUSDT
Bearish Wick Reversal█ STRATEGY OVERVIEW
The "Bearish Wick Reversal Strategy" identifies potential bullish reversals following significant bearish price rejection (long lower wicks). This counter-trend approach enters long positions when bearish candles show exaggerated downside wicks relative to closing prices, then exits on bullish confirmation signals. Includes optional EMA trend filtering for improved reliability.
█ What is a Bearish Wick?
A price rejection pattern where:
Bearish candle (close < open) forms with extended lower wick
Wick represents failed selloff: Low drops significantly below close
Measured as: (Low - Close)/Close × 100 (Negative percentage indicates downward extension)
█ SIGNAL GENERATION
1. LONG ENTRY CONDITION
Bearish candle forms with close < open
Lower wick exceeds user-defined threshold (Default: -1% of close price)
The signal occurs within the specified time window
If enabled, the close price must also be above the 200-period EMA (Exponential Moving Average)
2. EXIT CONDITION
A Sell Signal is generated when the current closing price exceeds the highest high of the previous seven bars (`close > _highest `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position.
█ PERFORMANCE OVERVIEW
Ideal Market: Volatile instruments with frequent price rejections
Key Risk: False signals in sustained bearish trends
Optimization Tip: Test various thresholds
Filter Impact: EMA reduces trades but improves win rate and reduces drawdown
Gap Down Reversal Strategy█ STRATEGY OVERVIEW
The "Gap Down Reversal Strategy" capitalizes on price recovery patterns following bearish gap-down openings. This mean-reversion approach enters long positions on confirmed intraday recoveries and exits when prices breach previous session highs. This strategy is NOT optimized.
█ What is a Gap Down Reversal?
A gap down reversal occurs when:
An instrument opens significantly below its prior session's low (price gap)
Selling pressure exhausts itself during the session
Buyers regain control, pushing price back above the opening level
Creates a candlestick with:
• Open < Prior Session Low (true gap)
• Close > Open (bullish reversal candle)
█ SIGNAL GENERATION
1. LONG ENTRY CONDITION
Previous candle closes BELOW its opening price (bearish candle)
Current session opens BELOW prior candle's low (gap down)
Current candle closes ABOVE its opening price (bullish reversal)
Executes market order at session close
2. EXIT CONDITION
A Sell Signal is generated when the current closing price exceeds the highest high of the previous seven bars (`close > _highest `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position.
█ PERFORMANCE OVERVIEW
Ideal Market: High volatility instruments with frequent gaps
Key Risk: False reversals in sustained downtrends
Optimization Tip: Test varying gap thresholds (1-3% ranges)
SPY/TLT Strategy█ STRATEGY OVERVIEW
The "SPY/TLT Strategy" is a trend-following crossover strategy designed to trade the relationship between TLT and its Simple Moving Average (SMA). The default configuration uses TLT (iShares 20+ Year Treasury Bond ETF) with a 20-period SMA, entering long positions on bullish crossovers and exiting on bearish crossunders. **This strategy is NOT optimized and performs best in trending markets.**
█ KEY FEATURES
SMA Crossover System: Uses price/SMA relationship for signal generation (Default: 20-period)
Dynamic Time Window: Configurable backtesting period (Default: 2014-2099)
Equity-Based Position Sizing: Default 100% equity allocation per trade
Real-Time Visual Feedback: Price/SMA plot with trend-state background coloring
Event-Driven Execution: Processes orders at bar close for accurate backtesting
█ SIGNAL GENERATION
1. LONG ENTRY CONDITION
TLT closing price crosses ABOVE SMA
Occurs within specified time window
Generates market order at next bar open
2. EXIT CONDITION
TLT closing price crosses BELOW SMA
Closes all open positions immediately
█ ADDITIONAL SETTINGS
SMA Period: Simple Moving Average length (Default: 20)
Start Time and End Time: The time window for trade execution (Default: 1 Jan 2014 - 1 Jan 2099)
Security Symbol: Ticker for analysis (Default: TLT)
█ PERFORMANCE OVERVIEW
Ideal Market Conditions: Strong trending environments
Potential Drawbacks: Whipsaws in range-bound markets
Backtesting results should be analyzed to optimize the MA Period and EMA Filter settings for specific instruments
Auto Trend Fib Signals BY studio DivinKey Features
Dynamic SL using ATR volatility measure
Two-Tier Profit Taking for partial/full exits
Automatic Level Calculation based on Fibonacci extensions
Clear Visual Labels with exact price levels
Consistent Risk Management (1.5-2% per trade)
Optimization Table
Parameter Scalping Day Trading Swing Trading
ATR Multiplier 1.0 1.5 2.0
TP1 (1.272) 70% Position 50% Position 30% Position
TP2 (1.618) 30% Position 50% Position 70% Position
Time Frame 15-min 1-hour 4-hour
Pro Tips
Confirm with Volume: Increase volume at Fib levels improves signal reliability
Adjust in Ranging Markets: Use tighter SL (1.0x ATR) during consolidation
Trailing Stop: Move SL to breakeven at TP1 hit
Session Timing: Trade during London/NY overlap for best volatility
Change Candle Color When 5 EMA Not ConnectedThis custom TradingView indicator changes the color of candlesticks to yellow whenever the 5-period Exponential Moving Average (EMA) is not "connected" to the current candle.
How It Works:
The 5 EMA is calculated based on the closing prices of the last 5 candles.
A candle is considered "not connected" to the EMA if:
The high and low of the current candle are both either above or below the 5 EMA, implying a significant deviation from the EMA.
When this condition is met, the candle color is changed to yellow to highlight this disconnection.
The default behavior of the script is to not display the 5 EMA line, keeping the chart uncluttered while focusing on the candlestick colors.
Usage:
This indicator is useful for scalping or short-term trading strategies, as it helps identify when the price has moved significantly away from the 5 EMA. A yellow candle could signal potential overextension or a possible reversal if the price is far from the EMA. Traders can use this as part of their risk management or entry/exit decision-making process.
Customization:
The indicator doesn't display the 5 EMA line, but you can modify the script to show it if needed by uncommenting the plot(ema5) line.
You can adjust the period of the EMA by modifying the ema5 period in the code, though the default setting is 5 periods.
IB of New Hour (Customizable)Purpose: Tracks first x candles of each hour to define a price range
Customizable settings:
Border color of the IB box
Fill color of the IB box
Number of candles to define IB
Box width in hours (1-24)
Functionality:
Calculates highest high and lowest low for specified number of candles
Creates a rectangular box representing the initial balance
Adapts to different timeframes (1, 5, 15, 30, 60-minute charts)
Limits storage of boxes to prevent memory overload
Box Placement:
Starts at first candle of the hour
Width calculated based on current timeframe and user-specified hours
Maintains consistent visual representation across different chart timeframes
Indicator for helping you with bias
Ultimate Total MA + ATRIndicator Description (English)
Name: Tendencias FX - Multi-Line with Customizable Offsets (1x..6x)
This script is a multi-purpose trend-following indicator that calculates a central Moving Average (Mid Line) plus a set of 6 different bands (1x to 6x) above and below that average. Each band is determined by a user-defined ATR length and multiplier. Key features include:
Independent MA Types
Choose different moving average methods for the Mid Line and for the ATR calculation.
Available types: SMA, EMA, WMA, RMA, HMA, and ALMA.
Separate Lengths
Configure the length of the Mid Line independently from the ATR length.
This allows fine-tuning of both the central average and the volatility measure.
6 Customizable Multipliers
Bands are calculated for 1x, 2x, 3x, 4x, 5x, and 6x multiples of the chosen ATR.
Each level has its own checkbox in the Inputs tab so you can show or hide them at will.
Color Dynamics
The Mid Line automatically changes color to green when its current value is higher than the previous bar’s value, and red otherwise.
All upper/lower bands are rendered in a neutral gray (#787b86) for easy distinction.
Time Shift (Offset)
An offset parameter allows shifting the entire indicator (Mid Line plus bands) forward (to the right) or backward (to the left) by a certain number of bars.
This can help evaluate leads/lags, or compare the past behavior of these lines against future price developments.
Check Boxes for Visibility
Checkboxes in the Inputs let you toggle 1x..6x band levels.
By default, 1x, 2x, and 3x are visible, while 4x, 5x, and 6x are off.
Overlay with Shared Price Scale
The script is set as overlay=true and uses scale=scale.right, so it draws directly on the main chart and shares the same price axis as your candles.
This indicator is ideal if you want:
A central MA for trend detection.
ATR-based volatility bands (up to 6 multipliers).
Full control over the type and length of both the Mid Line MA and the ATR.
An optional offset to shift the lines in time for backtesting or forward-projection.
Usage Tips
In the Inputs tab, customize:
Mid Line length and ATR length independently.
MA methods for both Mid Line and ATR (SMA, EMA, WMA, RMA, HMA, ALMA).
Band visibility via checkboxes for 1x..6x.
Offset for shifting lines in time.
In the Style tab, you can further customize colors, line widths, and visibility of each element (Mid line, ±1x..±6x).
Enjoy exploring different settings to best match your preferred trading style and timeframe!
Volume PressureDraws the candle chart with colors to represent low, medium and high volumes. You get 3 colors for downward and 3 colors for upward movement. This will aid with immediately seeing the relative volume pushing the stock candle in the direction of movement.
You can control the percentage threshold for low and high volume. You also can change the colors to represent each volume level for upward and downward movement.
WD Gann: Vertical Lines for Predefined Days/Bars AgoThis Pine Script draws vertical lines on the chart at specific time intervals, inspired by WD Gann’s theories of time cycles . WD Gann, a famous trader, believed that market movements were influenced by predictable time cycles. This script enables traders to visualize these key time cycles on the chart by placing vertical lines at predefined intervals (in bars ago), helping to identify potential turning points in the market.
The time intervals used in this script are inspired by Gann’s work, as well as astrological and numerological principles , which many traders believe influence market behavior . You can customize which time intervals (such as 3, 7, 9, 21, etc.) you want to track by enabling or disabling specific vertical lines on the chart.
Key Features:
Time Cycles Based on Gann’s Theory: Draws vertical lines at significant time intervals such as 3, 7, 9, 21, 27 bars ago, which are commonly used by Gann traders.
Astrological & Numerological Significance: The predefined intervals also align with key numerological and astrological values, allowing for a broader perspective on market cycles.
Customizable Intervals: You can choose which time intervals to display by enabling or disabling checkboxes for each cycle, allowing flexibility in chart analysis.
Visual Labels: Each vertical line is labeled with its corresponding "bars ago" value, providing clear reference points for the selected time cycles.
What Users Can Do:
Track and analyze market movements based on time cycles that are significant to Gann’s theory, as well as numerological and astrological influences.
Enable or disable vertical lines for specific cycles, like the 3-bar cycle, 9-bar cycle, or 365-bar cycle, depending on the intervals that align with your trading strategy.
Combine with other technical analysis tools and Gann techniques (e.g., Gann Angles, Gann Fans, or Square of Nine) for a more comprehensive trading approach.
This tool is designed for traders who believe in the power of time cycles to influence market behavior, and is especially useful for predicting turning points or key price movements based on these cycles.
Global Relevant Events MarkerThe Global Relevant Events Marker script is designed to mark significant global events on a chart, such as economic crises or major geopolitical events. It uses vertical lines to indicate the exact dates of these events and places labels (optional) near the lines to provide a description of the event.
Ichimoku MTF (best MTF 4H - Entry 15M)The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.
The technical indicator shows relevant information at a glance by using averages.
The overall trend is up when the price is above the cloud, down when the price is below the cloud, and trendless or transitioning when the price is in the cloud.
Charles G. Koonitz. “Ichimoku Analysis & Strategies: The Visual Guide to Spot the Trends in Stock Market, Cryptocurrency and Forex Using Technical Analysis and Cloud Charts," Tripod Solutions Inc., 2019.
When Leading Span A is rising and above Leading Span B, this helps to confirm the uptrend and the space between the lines is typically colored green. When Leading Span A is falling and below Leading Span B, this helps confirm the downtrend. The space between the lines is typically colored red in this case.1
Traders will often use the Ichimoku Cloud as an area of support and resistance depending on the relative location of the price. The cloud provides support/resistance levels that can be projected into the future. This sets the Ichimoku Cloud apart from many other technical indicators that only provide support and resistance levels for the current date and time.
Traders should use the Ichimoku Cloud in conjunction with other technical indicators to maximize their risk-adjusted returns. For example, the indicator is often paired with the relative strength index (RSI), which can be used to confirm momentum in a certain direction. It’s also important to look at the bigger trends to see how the smaller trends fit within them. For example, during a very strong downtrend, the price may push into the cloud or slightly above it, temporarily, before falling again. Only focusing on the indicator would mean missing the bigger picture that the price was under strong longer-term selling pressure.
Crossovers are another way that the indicator can be used. Watch for the conversion line to move above the base line, especially when the price is above the cloud. This can be a powerful buy signal. One option is to hold the trade until the conversion line drops back below the base line. Any of the other lines could be used as exit points as well.
RSI Bands with Volume and EMAThis script is a comprehensive technical analysis tool designed to help traders identify key market signals using RSI bands, volume, and multiple Exponential Moving Averages (EMAs). It overlays the following on the chart:
RSI Bands: The script calculates and plots two bands based on the Relative Strength Index (RSI), indicating overbought and oversold levels. These bands act as dynamic support and resistance zones:
Resistance Band (Upper Band): Plotted when the RSI exceeds the overbought level, typically indicating a potential sell signal.
Support Band (Lower Band): Plotted when the RSI falls below the oversold level, typically indicating a potential buy signal.
Midline: The average of the upper and lower bands, acting as a neutral reference.
Buy/Sell Labels: Labels are dynamically added to the chart when price reaches the overbought or oversold levels.
A "Buy" label appears when the price reaches the oversold (lower) band.
A "Sell" label appears when the price reaches the overbought (upper) band.
Volume Indicator: The script visualizes trading volume as histograms, with red or green bars representing decreasing or increasing volume, respectively. The volume height is visually reduced for better clarity and comparison.
Exponential Moving Averages (EMAs): The script calculates and plots four key EMAs (12, 26, 50, and 200) to highlight short-term, medium-term, and long-term trends:
EMA 12: Blue
EMA 26: Orange
EMA 50: Purple
EMA 200: Green
The combined use of RSI, volume, and EMAs offers traders a multi-faceted view of the market, assisting in making informed decisions about potential price reversals, trends, and volume analysis. The script is particularly useful for identifying entry and exit points on charts like BTC/USDT, although it can be applied to any asset.
SSL Channel MTFSSL Channel with MTF support, This eliminates the noise of a basic SSL Channel script which is based on ErwinBeckers SSL Channel. So i have used a Multi Time Frame approach to have a clear confirmation of trend and reduce Noise and False signals unlike basic SSL Channel.
This script can be used to determine.
Support/Resistance
High/Low Breakout
Trend Direction
MA candles for Entry
The high and low sma are plotted as SSL CHANNEL when ever the high and low sma cross each other a direction change is observed.
The direction of SSL channel determines the trend of the price. The length of the channel can be changed as required a low value has a high noise and direction can be determined with low accuracy. Increasing the length of SSL channel has high accuracy trend confirmation.
The MTF SSL Channel uses plot from higher timeframe this helps in using SSL Channel as a Price Action Tool. Price when ever crosses over or below the channel determines a breakout. Price tries to move between the High SMA line and Low SMA Line of the SSL Channel rejection, breakouts can be easily observed on a lower timeframe using SSL Channel Plot from a higher timeframe.
I have used 5min/15min chart with MTF SSL from a 1Hr/4Hr and a length of 5 instead of 10. This helps quick direction changes over a period of 1hr to 4hr. Price is trapped within the High SMA and Low SMA lines of SSL Channel. In addition to SSL High Low and average mid line is plotted to additional reference.
Buy Sell Signals are plotted based on crossover of SMA High and Low.
Candle are Plotted Using a SMA with length of 5. This Candle Plot can be used to make an entry based on direction confirmation of SSL. keep in mind the direction of SSL Plot and the candle must be same. Preferably Entry can made above or below the midline of SSL Channel. The Candle Plot eliminates the Noise of traditional Japanese Candlesticks.
Additionally MACD Crossover and MACD Trend line confirmations can be used to confirm a Buy Sell and Entry signals
Alerts are also plotted accordingly.
Katik Cycle 56 DaysThis script plots vertical dotted lines on the chart every 56 trading days, starting from the first bar. It calculates intervals based on the bar_index and draws the lines for both historical and future dates by projecting the lines forward.
The lines are extended across the entire chart height using extend=extend.both, ensuring visibility regardless of chart zoom level. You can customize the interval length using the input box.
Note: Use this only for 1D (Day) candle so that you can find the changes in the trend...
Volume Weighted HMA Index | mad_tiger_slayerTitle: 🍉 Volume Weighted HMA Index | mad_tiger_slayer 🐯
Description:
The Volume Weighted HMA Index is a cutting-edge indicator designed to enhance the accuracy and responsiveness of trading signals by combining the power of volume with the Hull Moving Average (HMA). This indicator adjusts the HMA based on volume-weighted price changes, providing faster and more reliable entry and exit signals while reducing the likelihood of false signals.
Intended and Best Uses:
Used for Strategy Creation:
Extremely Quick Entries and Exits
Intended for Higher timeframe however can be used for scalping paired with additional scripts.
Can be paired to create profitable strategies
TREND FOLLOWING NOT MEAN REVERTING!!!!
[Key Features:
Volume Integration: Dynamically adjusts the HMA using volume data to prioritize higher-volume bars, ensuring that market activity plays a crucial role in signal generation.
Enhanced Signal Clarity: The indicator calculates precise long and short signals by detecting volume-weighted HMA crossovers.
Bar Coloring: Visually differentiate bullish and bearish conditions with customizable bar colors, making trends easier to identify.
Custom Signal Plotting: Optional long and short signal markers for a clear visual representation of potential trade opportunities.
Highly Configurable: Adjust parameters such as volume length and calculation source to tailor the indicator to your trading preferences and strategy.
How It Works:
Volume Weighting: The indicator calculates the HMA using a volume-weighted price change, amplifying the influence of high-volume periods on the moving average.
Trend Identification: Crossovers of the volume-weighted HMA with zero determine trend direction, where:
A bullish crossover signals a long condition.
A bearish crossunder signals a short condition.
Visual Feedback: Bar colors and optional signal markers provide real-time insights into trend direction and trading signals.
Use Cases:
Trend Following: Quickly identify emerging trends with volume-accelerated HMA calculations.
Trade Confirmation: Use the indicator to confirm the strength and validity of your trade setups.
Custom Signal Integration: Combine this indicator with your existing strategies to refine entries and exits.
Notes:
Ensure that your trading instrument provides volume data for accurate calculations. If no volume is available, the script will notify you.
This script works best when combined with other indicators or trading frameworks for a comprehensive market view.
Inspired by the community and designed for traders looking to stay ahead of the curve, the Volume Weighted HMA Index is a versatile tool for traders of all levels.
MultiTime Stochastics ProMultiTime Stochastics Pro
This indicator is an enhanced version of the stochastic indicator, featuring two separate stochastics. This functionality allows you to adjust the settings and time frame for each stochastic individually, enabling a more precise analysis of market fluctuations.
The Double Stochastic indicator enables you to simultaneously analyze the market in different time frames with two separate stochastics. One of the standout features of this indicator is that when the chart's time frame changes, each stochastic is displayed according to the time set for it and does not change in other time frames. This feature provides greater flexibility and accuracy in market analysis.
How the Indicator Works
This indicator calculates two separate stochastics:
The first stochastic (K1 and D1) with its own specific time frame and settings.
The second stochastic (K2 and D2) with a different time frame and settings.
These two stochastics are displayed simultaneously on one chart, and overbought and oversold lines are also included.
How to Use
Parameter Adjustment : Adjust the parameters K1 Length, D1 Smoothing, and K1 Time Frame as desired. Do the same for the second stochastic.
Signal Analysis : Analyze buy and sell signals based on the stochastic values and the overbought and oversold lines.
Advantages
Greater Precision : With two separate stochastics, you can follow market fluctuations with greater accuracy.
Flexibility : The ability to individually set the time frame and parameters for each stochastic makes this indicator highly flexible.
Stronger Signals : The simultaneous display of two stochastics allows you to receive stronger buy and sell signals.
Multi-time frame Analysis : The ability to analyze the market in different time frames simultaneously.
This indicator is suitable for traders seeking more precise and flexible market analysis tools. I hope these explanations help you publish your indicator in the best possible way!
Dominance: USDT + USDCThis script combines the dominance of USDT and USDC, the two largest stablecoins in the market, to provide a clear and accurate view of their impact on the total cryptocurrency market cap.
Key Features:
- Individual Dominance: Displays the percentage dominance of USDT and USDC separately.
- Combined Dominance: Shows a line combining the dominance of both stablecoins to understand their total market influence.
- Real-Time Accuracy: Updates values based on the latest TradingView data.
- Visual Clarity: Unique colors for each line for easy interpretation:
- Blue: USDT Dominance.
- Green: USDC Dominance.
- Red: Total Combined Dominance.
Benefits:
- Strategic Analysis: Evaluate how stablecoins influence capital flow in the crypto market.
- Identify Trends: Understand growth or decline in dominance to detect market direction changes.
- Informed Decisions: Ideal for traders analyzing the relationship between stablecoins and overall market movements.
How to Use:
- Add the script to your chart and monitor the dominance lines.
- Use the insights to support your trading strategy.
Note: This script does not provide buy or sell signals. It is intended for informational and analytical purposes.
Waldo RSI :oWaldo RSI :o Indicator Guide
The Waldo RSI :o indicator is designed to complement the "Waldo RSI Overlay :o" by providing an RSI-based analysis on TradingView, focusing on macro shifts in market trends. Here's a comprehensive guide on how to use this indicator:
Key Features:
RSI Settings:
RSI Source: Choose from ON RSI, ON HIGH, ON LOW, ON CLOSE, or ON OPEN to determine how RSI calculates pivots.
RSI Settings:
Source: Default is (H+L)/2, but you can select any price for RSI calculation.
Length: Default RSI length is 7, which can be adjusted for sensitivity.
Trend Lines:
Show Trend Lines: Option to display trend lines based on RSI pivot points.
Zigzag Length: Determines pivot point sensitivity.
Confirm Length: Validates pivot points (default is 3).
Colors: Customize colors for Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), and Lower Lows (LL) on the RSI.
Label Size and Line Width: Adjust the appearance of labels and lines.
Divergences:
Classic Divergences:
Show Classic Div: Toggle to reveal divergences where RSI and price move in opposite directions.
Colors: Set different colors for bullish and bearish divergence indicators.
Transparency and Line Width: Control the visual impact of divergence signals.
Hidden Divergences:
Similar settings for identifying hidden divergences, suggest trend continuation.
Breakout/Breakdown:
Show Breakout/Breakdown: Generates signals for RSI breakouts or breakdowns, used by "Waldo RSI Overlay :o" for visual chart signals.
Overbought/Oversold Zones:
Show Overbought and OverSold Zones: Highlights when RSI goes above 70 (overbought) or below 30 (oversold).
Moving Averages on RSI:
The default Moving Average (MA) settings are tailored to capture macro shifts in market trends:
Show Moving Averages: Option to overlay two MAs on the RSI for trend confirmation:
Fast RSI MA:
RSI Period: 50 (this is the period over which the RSI is calculated).
MA Length: 50 (the number of periods used for the moving average of the RSI).
Slow RSI MA:
RSI Period: 50 (same as fast for consistency in RSI calculation).
MA Length: 200 (longer term for capturing broader trends).
Crossover Signals: The RSI changes color from red to green based on these moving average crossovers:
When the Fast MA (50 period) crosses above the Slow MA (200 period), the RSI turns green, indicating potential bullish conditions or momentum shift.
Conversely, when the Fast MA crosses below the Slow MA, the RSI turns red, suggesting bearish conditions or a shift back towards a downtrend.
This 50-period RSI crossover setting is used to identify overall macro shifts in the market, providing a clear visual cue for traders looking at longer-term trends.
Ghost Lines (Optional):
Ghost Lines: Option to limit how far RSI trend lines extend, helping to keep the chart less cluttered.
How to Use the Indicator:
Setup:
Configure RSI by choosing the source and setting the length to match your trading style.
Set the zigzag and confirm lengths for appropriate pivot detection.
Trend Analysis:
Monitor the RSI for trend changes using the colored trend lines and labels.
Divergence Detection:
Look for RSI and price divergences to anticipate potential reversals or continuations.
Breakout/Breakdown:
Use these signals in conjunction with "Waldo RSI Overlay :o" for price action confirmation.
Overbought/Oversold:
Identify when the market might be due for a correction or continued momentum.
Moving Averages:
Focus on the color changes in RSI to understand macro trend shifts with the default 50/200 period setup.
Ghost Lines:
Enable for a cleaner chart if you don't need trend lines extending indefinitely.
Usage Tips:
Combine with other indicators for confirmation, as no single tool is foolproof.
Adjust settings to suit different market conditions or trading timeframes.
Use in tandem with "Waldo RSI Overlay :o" for a full trading signal system.
Remember, trading involves significant risk, and historical data does not guarantee future performance. Use this indicator as part of a broader trading strategy.
Waldo RSI Overlay :oWaldo RSI Overlay :o Indicator Guide
Welcome to the guide for the Waldo RSI Overlay :o indicator on TradingView. This tool enhances your trading analysis through RSI-based overlays for trend analysis, divergence detection, and breakout/breakdown signals when used with its companion indicator, Waldo RSI :o.
Key Features:
RSI Overlay:
• RSI Source: Choose from:
o ON RSI: Uses the RSI values directly to detect pivots, focusing on RSI highs and lows for trend analysis.
o ON HIGH, ON CLOSE, ON LOW, ON OPEN:
These options base pivot detection on price action at those specific points, offering an alternative market structure view.
• RSI Settings:
o Source: Default is (H+L)/2, but you can select any price for RSI calculation.
o Length: Default RSI length is 7, which you can adjust for sensitivity.
Trend Lines:
• Show Trend Lines: Toggle to display trend lines based on pivot points.
• Zigzag Length: Sets the sensitivity of pivot point detection.
• Confirm Length: Ensures the validity of pivot points (default is 3).
• Colors: Customize colors for Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), and Lower Lows (LL).
• Transparency and Line Width: Control how trend lines and fills appear.
• Label Size: Adjust the size of labels identifying pivot points.
Divergences:
• Classic Divergences:
o Show Classic Div: Enable to highlight regular divergences where price and RSI move in opposite directions.
o Colors: Define colors for bullish and bearish divergence lines and labels.
o Transparency and Line Width: Adjust the visual impact of divergence signals.
• Hidden Divergences:
o Similar settings as classic, but these highlight divergences indicating trend continuation.
Breakout/Breakdown:
• Show Breakout/Breakdown: When activated, this feature signals when the price breaks through previous highs or lows. To activate these breakouts, you need the companion indicator Waldo RSI :o, select the SRC in the External section, and select the crossovers for each one.
This combination provides RSI confirmation for breakout/breakdown events.
Overbought/Oversold Zones:
• Show Overbought and Oversold Zones: Bars are colored when RSI exceeds 70 (purple) or falls below 30 (blue), indicating potential market extremes.
Moving Averages (Optional):
• Show Moving Averages: Option to overlay two moving averages for trend confirmation.
• Source, Type, Length: Customize each MA's configuration.
Ghost Lines (Optional):
• Ghost Lines: When enabled, trend lines extend for only a specified period (Ghost Length) instead of indefinitely.
How to Use the Indicator:
1. Setup:
o Configure RSI settings by choosing the RSI Source and adjusting the RSI Length to suit your trading style.
o Set the Zigzag Length and Confirm Length for trend line sensitivity based on market volatility.
2. Trend Analysis:
o Look at the colored horizontal lines and fills for HH, LH, HL, LL to discern market structure and potential reversal points.
3. Divergence Detection:
o Identify divergences where price and RSI diverge. Regular divergences might signal trend exhaustion, while hidden ones could indicate trend persistence.
4. Breakout/Breakdown Signals:
o Ensure you have both the Waldo RSI Overlay :o and Waldo RSI :o indicators applied. Green triangles below bars signal breakouts; red ones above indicate breakdowns, based on price movement with RSI confirmation from the companion indicator.
5. Overbought/Oversold:
o Use these colored zones to spot potential momentum shifts or reversal areas.
6. Moving Averages on RSI:
o If used, these can help confirm trends or identify crossover signals for additional trade confirmation.
7. Ghost Lines:
o For a less cluttered chart, enable this to limit how far trend lines extend.
Tips for Usage:
• Always combine this indicator with other analytical tools for better confirmation. No single indicator should guide all decisions.
• Adjust settings according to the asset's behavior and your trading timeframe.
• Regularly review your settings as market dynamics change.
Remember, trading involves risk, and past performance doesn't predict future outcomes. Use this indicator within a comprehensive trading strategy.
