RSI BB StdDev SignalOverview
The RSI BB StdDev Signal Indicator is a powerful tool designed to enhance your trading strategy by combining the Relative Strength Index (RSI) with Bollinger Bands (BB). This unique combination allows traders to identify potential buy and sell signals more accurately by leveraging the strengths of both indicators. The RSI helps in identifying overbought and oversold conditions, while the Bollinger Bands provide a dynamic range to assess volatility and potential price reversals.
Key Features
— RSI Calculation: The indicator calculates the RSI based on user-defined parameters, allowing for customization to fit different trading styles.
— Bollinger Bands Integration: The RSI values are smoothed using a moving average, and Bollinger Bands are applied to this smoothed RSI to generate buy and sell signals.
— Divergence Detection: The indicator includes an optional feature to detect and alert on bullish and bearish divergences between the RSI and price action.
— Customizable Alerts: Users can set up alerts for buy and sell signals, as well as for divergences, ensuring they never miss a trading opportunity.
— Visual Aids: The indicator plots the RSI, Bollinger Bands, and signals on the chart, making it easy to visualize and interpret the data.
How It Works
1. RSI Calculation:
— The RSI is calculated using the change in the source input (default is close price) over a specified period.
— The RSI values are then plotted on the chart with customizable overbought and oversold levels.
2. Smoothing and Bollinger Bands:
— The RSI values are smoothed using a moving average (SMA, EMA, SMMA, WMA, VWMA) selected by the user.
— Bollinger Bands are applied to the smoothed RSI to create dynamic upper and lower bands.
3. Signal Generation:
—Buy signals are generated when the RSI crosses above the lower Bollinger Band.
—Sell signals are generated when the RSI crosses below the upper Bollinger Band.
—These signals are plotted on both the RSI pane and the main price chart for easy reference.
4. Divergence Detection:
— The indicator can detect and alert on regular bullish and bearish divergences between the RSI and price action.
— Bullish divergences occur when the price makes a lower low, but the RSI makes a higher low.
— Bearish divergences occur when the price makes a higher high, but the RSI makes a lower high.
Usage
1. Setting Up:
— Add the indicator to your TradingView chart.
— Customize the RSI length, source, and other parameters in the settings panel.
— Enable or disable the divergence detection based on your trading strategy.
2. Interpreting Signals:
— Use the buy and sell signals generated by the RSI crossing the Bollinger Bands as potential entry and exit points.
— Pay attention to divergences for additional confirmation of trend reversals.
3. Alerts:
— Set up alerts for buy and sell signals to receive notifications in real-time.
— Enable divergence alerts to be notified of potential trend reversals.
Conclusion
The RSI BB StdDev Signal Indicator is a comprehensive tool that combines the strengths of the RSI and Bollinger Bands to provide traders with more accurate and reliable signals. Whether you are a beginner or an experienced trader, this indicator can enhance your trading strategy by offering clear visual cues and customizable alerts.
Note
This indicator is provided with open-source code, allowing users to understand its logic and customize it further if needed. The detailed description and customizable settings ensure that traders of all levels can benefit from its unique features.
חפש סקריפטים עבור "signal"
DTS- Dynamic Trend SignalDynamic Trend Signal
The Dynamic Trend Signal indicator is a powerful and highly customizable tool designed for traders who want clear and actionable signals to guide their trading decisions. This indicator leverages the relationship between two moving averages and the current price to provide concise buy/sell recommendations while visually enhancing your chart with professional-grade features.
Key Features:
Actionable Trading Signals:
STRONG BUY / NO SELL: When the price is above both moving averages.
BUY / NO SELL: When the price is above the longer moving average but below the shorter moving average.
NO BUY / SELL: When the price is below the longer moving average but above the shorter moving average.
STRONG SELL / NO BUY: When the price is below both moving averages.
Dynamic Signal Table:
Displays real-time trading signals in a convenient table format.
Automatically updates based on market conditions.
Customizable table position (top-left, top-right, bottom-left, or bottom-right).
Dynamic background and text colors for improved visibility:
Green shades for bullish signals.
Red shades for bearish signals.
Customizable Moving Averages:
Configure each moving average independently:
Choose between Simple Moving Average (SMA) and Exponential Moving Average (EMA).
Set unique lengths, colors, and line thickness for each average.
Default settings:
MA1: Short-term (8-period) with thickness 1.
MA2: Long-term (20-period) with thickness 2.
Optional Crossover Alerts:
Visual and textual alerts for moving average crossovers:
BUY: When the shorter moving average crosses above the longer moving average.
SELL: When the shorter moving average crosses below the longer moving average.
Crossover alerts are disabled by default but can be easily enabled in settings.
Ease of Use:
Intuitive interface with clean and professional visuals.
Fully customizable to fit any trading strategy or chart style.
How It Helps Traders:
The Dynamic Trend Signal simplifies market analysis by removing guesswork and focusing on clear, data-driven signals. Whether you're a beginner looking for straightforward guidance or an experienced trader seeking to enhance your strategy, this indicator provides:
Confidence in decision-making with clear buy/sell signals.
Customization to align with your unique trading approach.
Clarity through visually appealing, color-coded signals and alerts.
Ideal For:
Swing Traders
Day Traders
Trend Followers
Traders looking to integrate a dynamic, rule-based approach to their analysis.
How to Use:
Add the Dynamic Trend Signal indicator to your chart.
Adjust the moving average lengths, types, colors, and thickness to suit your trading strategy.
Monitor the signal table for actionable recommendations.
Optionally enable crossover alerts for real-time buy/sell notifications.
Unlock the power of clear and actionable trading signals with the Dynamic Trend Signal! Add it to your TradingView chart today and take your trading strategy to the next level.
Buy and Sell Signal at 50% Retracement, Based on MANDO MODELthe sell is taking out a previous high. leave some runners and practice safe trading.
Explanation of Behavior:
When the price retraces 50% of the defined range (from the low to high), a Buy signal is triggered.
After the Buy signal, if the price moves above the previous high (after retracement), a Sell signal is triggered.
Once a Sell signal is triggered, the range is reset, and a new range needs to form before another signal can be triggered.
Test this:
Apply the script to your chart.
Check for Buy signals when the price crosses the 50% retracement level.
Sell signals will trigger once the price breaks above the previous high after the retracement phase.
Ensure that the signals are plotted as arrows on the chart and that the background color changes to indicate Buy or Sell.
Alerts Setup:
To set up alerts:
Right-click on the chart and select Add Alert.
For Buy Signal: Choose the condition Buy and Sell Signal at 50% Retracement with Top Break > Buy Signal.
For Sell Signal: Choose the condition Buy and Sell Signal at 50% Retracement with Top Break > Sell Signal.
Set your preferred alert type (popup, email, etc.).
Click Create to set the alert.
Daily Manipulation and Distribution Levels with Buy/Sell SignalsIndicator Summary:
This indicator is designed for intraday traders, highlighting key price levels and providing simple buy/sell signals based on price manipulation and distribution concepts.
Key Features:
Core Levels:
Manipulation Plus/Minus: Derived from the daily open and a portion of the daily range (e.g., 25%).
Distribution Levels: Daily high and low serve as ultimate targets or resistance/support levels.
Buy and Sell Signals:
Buy Signal: Triggered when the price crosses above the Manipulation Plus level. A green "BUY" label marks the entry.
Sell Signal: Triggered when the price crosses below the Manipulation Minus level. A red "SELL" label marks the entry.
Clean Chart Design:
Hides unnecessary clutter, showing only relevant key levels and labeled signals for clarity.
How to Use:
Entry Points:
Buy Entry: When a green "BUY" label appears after the price breaks above the Manipulation Plus level.
Sell Entry: When a red "SELL" label appears after the price breaks below the Manipulation Minus level.
Exit Strategy:
Take Profit: Use the Distribution Levels (daily high/low) as take-profit zones.
Stop Loss: Set just above/below the Manipulation Levels to manage risk effectively.
One to Two Trades per Session: Focus on high-probability moves to ensure clarity and reduce overtrading.
Who It’s For:
This indicator is ideal for traders seeking a structured and visual approach to intraday trading, with clear entry/exit criteria based on price manipulation and distribution theory. It simplifies decision-making and ensures clean chart setups without overwhelming visuals.
Optimus trader Optimus Trader
Indicator Description:
The Optimus Trader indicator is designed for technical traders looking for entry and exit points in financial markets. It combines signals based on volume, moving averages, VWAP (Volume Weighted Average Price), as well as the recognition of candlestick patterns such as Pin Bar and Inside Bars. This indicator helps identify opportune moments to buy or sell based on trends, volumes, and recent liquidity zones.
Parameters and Features:
1. Simple Moving Average (MA) and VWAP:
- Optimus Trader uses a 50-period simple moving average to determine the underlying trend. It also includes VWAP for precise price analysis based on traded volumes.
- These two indicators help identify whether the market is in an uptrend or downtrend, enhancing the reliability of buy and sell signals.
2. Volume :
- To avoid false signals, a volume threshold is set using a 20-period moving average, adjusted to 1.2 times the average volume. This filters signals by considering only high-volume periods, indicating heightened market interest.
3. Candlestick Pattern Recognition:
- Pin Bar: This sought-after candlestick pattern is detected for both bullish and bearish setups. A bullish or bearish *Pin Bar* often signals a possible reversal or continuation.
- *Inside Bar*: This price compression pattern is also detected, indicating a zone of indecision before a potential movement.
4. Trend:
- An uptrend is confirmed when the price is above the MA and VWAP, while a downtrend is identified when the price is below both indicators.
5. Liquidity Zones:
- Optimus Trader includes an approximate liquidity zone detection feature. By identifying recent support and resistance levels, the indicator detects if the price is near these zones. This feature strengthens the relevance of buy or sell signals.
6. Buy and Sell Signals:
- Buy: A buy signal is generated when the indicator detects a bullish *Pin Bar* or *Inside Bar* in an uptrend with high volume, and the price is close to a liquidity zone.
- Sell: A sell signal is generated when a bearish *Pin Bar* or *Inside Bar* is detected in a downtrend with high volume, and the price is near a liquidity zone.
Signal Display:
The signals are visible directly on the chart:
- A "BUY" label in green is displayed below the bar for buy signals.
- A "SELL" label in red is displayed above the bar for sell signals.
Summary:
This indicator is intended for traders seeking precise entry and exit points by integrating trend analysis, volume, and candlestick patterns. With liquidity zones, *Optimus Trader* helps minimize false signals, providing clear and accurate alerts.
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This description can be directly added to TradingView to help users quickly understand the features and logic of this indicator.
Buy and Sell Signals Based on SMI {K28}Buy/Sell Signals Based on SMI
This indicator provides buy and sell signals based on the Stochastic Momentum Index (SMI) to assist traders in identifying potential entry and exit points in the market. Here’s how to effectively use this indicator:
Usage Instructions:
Signal Interpretation:
No signal is 100% guaranteed
Green Labels: Indicate strong buy signals when the SMI crosses above its EMA, especially if the candle is green (closing price higher than opening price).
Red Labels: Indicate strong sell signals when the SMI crosses below its EMA.
Cautious Signals:
Blue Buy Labels: These buy signals appear when the SMI is in a cautious zone (between -20 and 20). They may not be as reliable, so confirm these signals with other indicators before acting.
Yellow Sell Labels: These buy signals appear when the SMI is in a cautious zone (between -20 and 20). They may not be as reliable, so confirm these signals with other indicators before acting.
Gray Buy and Sell Labels: Indicate potential false signals (when the SMI is overbought or oversold). Use other confirmation indicators to verify these signals.
Trade Strategy:
This indicator is designed for traders looking to make small, consistent profits. Focus on executing more trades rather than waiting for larger price movements.
Be mindful that the indicator may yield frequent signals, so it's essential to maintain discipline and only take trades that meet your criteria for confirmation.
Important Notes:
Caution with Signals: Always exercise caution when acting on blue or gray labels. These may indicate less reliable signals, so it's crucial to confirm with additional indicators.
No Perfect Indicator: Please remember that no trading indicator is perfect. Use this indicator at your own risk, and consider incorporating risk management strategies into your trading plan.
Conclusion:
By employing this SMI indicator, you can enhance your trading strategy focused on generating small, consistent profits through frequent trades. However, always verify signals and stay aware of market conditions to optimize your trading performance.
Mars Signals - SSL Trend AnalyzerIntroduction
The "Mars Signals - Precision Trend Analyzer with SSL Baseline & Price Action Zones" is a comprehensive technical analysis tool designed for traders seeking to enhance their market analysis and trading strategies. This indicator integrates multiple advanced trading concepts, including dynamic moving averages, trend detection algorithms, momentum indicators, volume analysis, higher timeframe confirmation, candlestick pattern recognition, and precise price action zones. By combining these elements, the indicator aims to provide clear and actionable buy and sell signals, helping traders to make informed decisions in various market conditions.
Core Components and Functionality
1.Dynamic Baseline Calculation
Moving Average Types: The indicator allows users to select from a variety of moving average types for the baseline calculation, including Simple Moving Average (SMA), Exponential Moving Average (EMA), Hull Moving Average (HMA), Weighted Moving Average (WMA), Double EMA (DEMA), Triple EMA (TEMA), Least Squares Moving Average (LSMA), Triangular Moving Average (TMA), Kijun (from Ichimoku Kinko Hyo), and McGinley's Dynamic.
Baseline Length: Users can customize the length of the moving average, providing flexibility to adjust the sensitivity of the baseline to market movements.
Signal Line Generation: The indicator computes a dynamic signal line based on the relationship between the close price and the moving averages of the high and low prices. This signal line adapts to market volatility and trend changes.
2.SSL Baseline Integration
SSL Baseline: In addition to the primary baseline, the indicator incorporates an SSL (Semaphore Signal Level) Baseline, which further refines trend detection by considering the highs and lows over a specified period.
Dual Confirmation: The combination of the primary baseline and the SSL baseline enhances the reliability of the trend signals by requiring agreement between both baselines before generating a signal.
3.Momentum and Trend Filters
Relative Strength Index (RSI): The indicator uses the RSI to assess the momentum of price movements, filtering out signals that occur during overbought or oversold conditions.
Moving Average Convergence Divergence (MACD): The MACD is employed to identify the direction and strength of the trend, adding another layer of confirmation to the signals.
Average Directional Index (ADX): The ADX measures the strength of the trend, ensuring that signals are generated only when the market shows significant directional movement.
4.Volume Analysis
Volume Filter: An optional volume filter compares the current volume to its moving average, allowing traders to focus on signals that occur during periods of higher market activity.
5.Higher Timeframe Confirmation
Multi-Timeframe Analysis: The indicator can incorporate data from a higher timeframe, comparing the current price to the higher timeframe's baseline and signal line. This feature helps traders align their trades with the broader market trend.
6.Candlestick Pattern Recognition
Bullish Patterns: The indicator detects bullish patterns such as Bullish Engulfing, Piercing Line, Hammer, and Doji.
Bearish Patterns: It also identifies bearish patterns like Bearish Engulfing, Dark Cloud Cover, Shooting Star, and Doji.
Pattern Prioritization: The patterns are prioritized to highlight the most significant formations, which can serve as additional confirmation for trade entries and exits.
7.Price Action Zones
Support and Resistance Levels: The indicator automatically identifies pivot highs and lows to establish dynamic support and resistance levels.
Zone Visualization: It draws shaded rectangles on the chart to represent these zones, providing a clear visual aid for potential reversal or breakout areas.
ATR-Based Zone Width: The zones' thickness is dynamically calculated using the Average True Range (ATR), adjusting to the current market volatility.
Background Coloring: The chart background changes color when the price is above the maximum resistance or below the minimum support, alerting traders to significant price movements.
Interpreting the Signals
1.Buy Signals
Conditions:
Price crosses above the signal line.
RSI is below 70 (not overbought).
MACD line is above the signal line (indicating bullish momentum).
ADX is above the user-defined threshold (default is 20), confirming a strong trend.
(Optional) Volume is above its moving average if the volume filter is enabled.
(Optional) Price is above the higher timeframe baseline and signal line if the higher timeframe filter is enabled.
(Optional) A bullish candlestick pattern is detected if the candlestick pattern filter is enabled.
Visual Indicators:
An upward-pointing label with the text "BUY" appears below the price bar.
The baseline and SSL baseline lines turn to colors indicating bullish conditions.
2.Sell Signals
Conditions:
Price crosses below the signal line.
RSI is above 30 (not oversold).
MACD line is below the signal line (indicating bearish momentum).
ADX is above the user-defined threshold, confirming a strong trend.
(Optional) Volume is above its moving average if the volume filter is enabled.
(Optional) Price is below the higher timeframe baseline and signal line if the higher timeframe filter is enabled.
(Optional) A bearish candlestick pattern is detected if the candlestick pattern filter is enabled.
Visual Indicators:
A downward-pointing label with the text "SELL" appears above the price bar.
The baseline and SSL baseline lines turn to colors indicating bearish conditions.
3.Support and Resistance Zones
Interpretation:
Resistance Zones: Represent areas where the price may face selling pressure. A break above these zones can signal a strong bullish move.
Support Zones: Represent areas where the price may find buying interest. A break below these zones can signal a strong bearish move.
Background Color:
The background turns red when the price is above the maximum resistance, indicating potential overextension.
The background turns green when the price is below the minimum support, indicating potential undervaluation.
Effective Usage Strategies
1.Customization
Adjusting Baseline and SSL Settings: Traders should experiment with different moving average types and lengths to match their trading style and the specific characteristics of the asset being analyzed.
Filtering Parameters: Modify RSI, MACD, and ADX settings to fine-tune the sensitivity of the signals.
Volume and Higher Timeframe Filters: Enable these filters to add robustness to the signals, especially in volatile markets or when trading higher timeframes.
2.Combining with Other Analysis
Fundamental Analysis: Use the indicator in conjunction with fundamental insights to validate technical signals.
Risk Management: Always apply proper risk management techniques, such as setting stop-loss and take-profit levels based on the support and resistance zones provided by the indicator.
3.Backtesting
Historical Analysis: Utilize the indicator's settings to backtest trading strategies on historical data, helping to identify the most effective configurations before applying them in live trading.
4.Monitoring Market Conditions
Volatility Awareness: Pay attention to the ATR and ADX readings to understand market volatility and trend strength, adjusting strategies accordingly.
Event Considerations: Be cautious around major economic announcements or events that may impact market behavior beyond technical indications.
Indicator Inputs and Customization Options
Baseline Type and Length: Select from multiple moving average types and specify the period length.
ADX Settings: Adjust the length, smoothing, and threshold for trend strength confirmation.
Volume Filter: Enable or disable the volume confirmation filter.
Higher Timeframe Filter: Choose to incorporate higher timeframe analysis and specify the desired timeframe.
Candlestick Patterns: Enable or disable the detection of candlestick patterns for additional signal confirmation.
SSL Baseline Type and Length: Customize the SSL baseline settings separately from the primary baseline.
Price Action Zones Settings:
Zone Thickness: Adjust the visual thickness of the support and resistance zones.
Lookback Period: Define how far back the indicator looks for pivot points.
ATR Multiplier for Zone Width: Set the multiplier for ATR to determine the dynamic width of the zones.
Maximum Number of Zones: Limit the number of support and resistance zones displayed.
Pivot Bars: Customize the number of bars to the left and right used for identifying pivot highs and lows.
Conclusion
The "Mars Signals - Precision Trend Analyzer with SSL Baseline & Price Action Zones" is a versatile and powerful tool that amalgamates essential technical analysis techniques into a single, user-friendly indicator. By providing clear visual signals and incorporating multiple layers of confirmation, it assists traders in identifying high-probability trading opportunities. Whether you are a day trader, swing trader, or long-term investor, this indicator can be tailored to suit your trading style and enhance your decision-making process.
To maximize the benefits of this indicator:
Understand Each Component: Familiarize yourself with how each part of the indicator contributes to the overall signal generation.
Customize Thoughtfully: Adjust the settings based on the asset class, market conditions, and your risk tolerance.
Practice Diligently: Use demo accounts or paper trading to practice and refine your strategy before deploying it in live markets.
Stay Informed: Continuously educate yourself on technical analysis and market dynamics to make the most informed decisions.
Disclaimer
Trading financial markets involves risk, and past performance is not indicative of future results. This indicator is a tool to aid in analysis and should not be the sole basis for any trading decision. Always conduct your own research and consider consulting with a licensed financial advisor.
[3Commas] Signal BuilderSignal Builder is a tool designed to help traders create custom buy and sell signals by combining multiple technical indicators. Its flexibility allows traders to set conditions based on their specific strategy, whether they’re into scalping, swing trading, or long-term investing. Additionally, its integration with 3Commas bots makes it a powerful choice for those looking to automate their trades, though it’s also ideal for traders who prefer receiving alerts and making manual decisions.
🔵 How does Signal Builder work?
Signal Builder allows users to define custom conditions using popular technical indicators, which, when met, generate clear buy or sell signals. These signals can be used to trigger TradingView alerts, ensuring that you never miss a market opportunity. Additionally, all conditions are evaluated using "AND" logic, meaning signals are only activated when all user-defined conditions are met. This increases precision and helps avoid false signals.
🔵 Available indicators and recommended settings:
Signal Builder provides access to a wide range of technical indicators, each customizable to popular settings that maximize effectiveness:
RSI (Relative Strength Index): An oscillator that measures the relative strength of price over a specific period. Traders typically configure it with 14 periods, using levels of 30 (oversold) and 70 (overbought) to identify potential reversals.
MACD (Moving Average Convergence Divergence): A key indicator tracking the crossover between two moving averages. Common settings include 12 and 26 periods for the moving averages, with a 9-period signal line to detect trend changes.
Ultimate Oscillator: Combines three different time frames to offer a comprehensive view of buying and selling pressure. Popular settings are 7, 14, and 28 periods.
Bollinger Bands %B: Provides insight into where the price is relative to its upper and lower bands. Standard settings include a 20-period moving average and a standard deviation of 2.
ADX (Average Directional Index): Measures the strength of a trend. Values above 25 typically indicate a strong trend, while values below suggest weak or sideways movement.
Stochastic Oscillator: A momentum indicator comparing the closing price to its range over a defined period. Popular configurations include 14 periods for %K and 3 for %D smoothing.
Parabolic SAR: Ideal for identifying trend reversals and entry/exit points. Commonly configured with a 0.02 step and a 0.2 maximum.
Money Flow Index (MFI): Similar to RSI but incorporates volume into the calculation. Standard settings use 14 periods, with levels of 20 and 80 as oversold and overbought thresholds.
Commodity Channel Index (CCI): Measures the deviation of price from its average. Traders often use a 20-period setting with levels of +100 and -100 to identify extreme overbought or oversold conditions.
Heikin Ashi Candles: These candles smooth out price fluctuations to show clearer trends. Commonly used in trend-following strategies to filter market noise.
🔵 How to use Signal Builder:
Configure indicators: Select the indicators that best fit your strategy and adjust their settings as needed. You can combine multiple indicators to define precise entry and exit conditions.
Define custom signals: Create buy or sell conditions that trigger when your selected indicators meet the criteria you’ve set. For example, configure a buy signal when RSI crosses above 30 and MACD confirms with a bullish crossover.
TradingView alerts: Set up alerts in TradingView to receive real-time notifications when the conditions you’ve defined are met, allowing you to react quickly to market opportunities without constantly monitoring charts.
Monitor with the panel: Signal Builder includes a visual panel that shows active conditions for each indicator in real time, helping you keep track of signals without manually checking each indicator.
🔵 3Commas integration:
In addition to being a valuable tool for any trader, Signal Builder is optimized to work seamlessly with 3Commas bots through Webhooks. This allows you to automate your trades based on the signals you’ve configured, ensuring that no opportunity is missed when your defined conditions are met. If you prefer automation, Signal Builder can send buy or sell signals to your 3Commas bots, enhancing your trading process and helping you manage multiple trades more efficiently.
🔵 Example of use:
Imagine you trade in volatile markets and want to trigger a sell signal when:
Stochastic Oscillator indicates overbought conditions with the %K value crossing below 80.
Bollinger Bands %B shows the price has surpassed the upper band, suggesting a potential reversal.
ADX is below 20, indicating that the trend is weak and could be about to change.
With Signal Builder , you can configure these conditions to trigger a sell signal only when all are met simultaneously. Then, you can set up a TradingView alert to notify you as soon as the signal is activated, giving you the opportunity to react quickly and adjust your strategy accordingly.
👨🏻💻💭 If this tool helps your trading strategy, don’t forget to give it a boost! Feel free to share in the comments how you're using it or if you have any questions.
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The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
Pivot Liquidity Sweep + SignalsCore Functionalities:
Sweep Signals:
The indicator identifies sweeps of liquidity by detecting when price exceeds recent pivot highs (swing highs) or pivot lows (swing lows) and then reverses direction. It draws attention to these scenarios by labeling them on the chart.
For bullish sweep signals, the entry point is the closing price of the sweep candle, with the stop loss placed at the highest point between the sweep candle and the previous candle.
For bearish sweeps, the entry point is similarly identified, with the stop loss being the lowest price of the sweep candle and the candle before it. The profit target is dynamically set to the low or high of the closest valid pivot depending on the direction of the trade.
Rejection Signals:
Rejection signals are identified when price attempts to break a pivot high or low but fails, causing a rejection.
Bullish rejections involve price trying to break a pivot low but closing back above it, indicating potential for a bounce.
Bearish rejections follow a similar pattern, with price attempting to break a pivot high but failing to hold above it, signaling a potential bearish move.
High-Precision Intrabar Data:
The "Intrabar Precision" feature allows the indicator to use lower timeframe data to accurately plot sweeps and rejections, providing traders with precise entry and exit points.
The intrabar settings are particularly useful for traders looking for high-precision trades, such as scalpers who want to capture small yet consistent moves.
ATR and Percentage-Based Filters:
The indicator allows for customizable filters to ensure signals meet certain thresholds before being validated. Traders can use ATR (Average True Range) or percentage-based conditions to filter out low-quality signals, ensuring that the trades captured have enough volatility or price movement potential.
Dashboard:
The built-in dashboard provides a quick overview of trades executed using the indicator, displaying metrics such as the total number of sweep and rejection trades, their success rates, and total profit in points.
The dashboard is color-coded for easy reading and offers traders insights into the overall performance of their strategy, helping with ongoing evaluation and optimization.
Labeling and Alerts:
Every time a sweep or rejection signal is detected, the indicator automatically labels the chart to help traders quickly identify the trading opportunities.
Alerts are also generated for each trading signal, providing the trader with real-time notifications, which can be useful for those who are not constantly monitoring their charts.
Stop Loss and Target Adaptation:
The stop loss levels are adjusted dynamically based on the recent pivot points, and the target profit is derived from valid subsequent pivot levels to ensure realistic and efficient trade exits.
SMA, VWAP with Buy/Sell Signals - First Signal OnlyIndicator: SMA, VWAP with First Buy/Sell Signals
Overview:
This indicator plots two Simple Moving Averages (SMA 20 and SMA 200) and the Volume-Weighted Average Price (VWAP) on the chart, with fully customizable colors and line thickness. Additionally, it provides buy and sell signals based on the price action relative to these indicators.
Buy Signal:
A buy signal is generated when a green candle (bullish candle) closes above the SMA 20, SMA 200, and VWAP without touching them (i.e., the low of the candle is above all three). This signal will only be plotted for the first such candle of the day to avoid signal clutter.
Sell Signal:
A sell signal is generated when a candle closes below the SMA 20, SMA 200, and VWAP without touching them (i.e., the high of the candle is below all three). Similar to the buy signal, it will only be plotted for the first qualifying candle of the day.
Customization:
SMAs and VWAP: Users can adjust the lengths, colors, and line thickness of the SMAs and VWAP to suit their preferences.
Signal Shape: You can choose from different shapes (arrow, circle, or cross) to represent the buy and sell signals on the chart.
Key Features:
First Candle Only: Both buy and sell signals are generated only for the first candle that satisfies the conditions, ensuring clean and actionable signals.
Visual Customization: Full control over the appearance of the indicator, including signal shapes and line properties.
Works Across Assets: This indicator is applicable to any asset (stocks, forex, crypto) where price action relative to moving averages and VWAP is important.
Momentum-Based Buy/Sell SignalsBuy Signal:
Triggered when ROC > threshold and the MACD line crosses above the Signal line.
Sell Signal:
Triggered when ROC < threshold and the MACD line crosses below the Signal line.
Visual Elements:
Green labels with "Buy" are displayed below the bars for buy signals.
Red labels with "Sell" are displayed above the bars for sell signals.
The background turns green during a buy signal and red during a sell signal for better visual clarity.
Demand and Supply Conditions with SignalsIntroduction:
This document outlines a trading strategy that utilizes price action analysis and color signals to make informed trading decisions. The strategy focuses on identifying demand and supply conditions, curve patterns, and generating signals based on historical price data. The colors associated with each condition and signal serve as visual indicators to assist in decision-making.
I. Strategy Overview:
Objective:
The objective of this trading strategy is to identify potential trading opportunities based on price action analysis and color signals.
Key Components:
Demand Condition: A green upward-facing triangle indicates a potential demand condition.
Supply Condition: A red downward-facing triangle indicates a potential supply condition.
Curve Pattern Condition: A blue upward-facing triangle indicates a potential curve pattern condition.
Signal Condition: A yellow upward-facing triangle indicates a potential buy signal.
II. Understanding the Colors:
* Green: Represents the demand condition, which suggests potential buying pressure in the market. A green upward-facing triangle is plotted on the chart when the demand condition is met at a specific candle or bar.
* Red: Represents the supply condition, which suggests potential selling pressure in the market. A red downward-facing triangle is plotted on the chart when the supply condition is met at a specific candle or bar.
* Blue: Represents the curve pattern condition, which suggests the presence of a specific pattern based on price action analysis. A blue upward-facing triangle is plotted on the chart when the curve pattern condition is met at a specific candle or bar.
* Yellow: Represents the signal condition, which is a combination of the demand condition and the curve pattern condition. A yellow upward-facing triangle is plotted on the chart when the signal condition is met at a specific candle or bar, indicating a potential buy signal.
III. Decision-Making Process:
* Demand and Supply Conditions: Identify potential buying opportunities when a green demand condition is present. Consider potential selling opportunities when a red supply condition is present. Use these conditions to assess the overall market sentiment and potential price reversals.
* Curve Patterns: Analyze the presence of blue curve pattern conditions to identify specific price patterns. These patterns can provide additional confirmation for potential trading decisions.
* Signal Condition: Pay attention to the yellow signal condition, which indicates a potential buy signal. Evaluate the overall market context and consider entering a buy position when the signal condition is met.
* Risk Management: Implement proper risk management techniques such as setting stop-loss orders and position sizing to protect against potential losses.
IV. Conclusion:
This trading strategy leverages price action analysis and color signals to identify potential trading opportunities. The colors associated with each condition and signal serve as visual aids to highlight specific points on the chart. It's important to thoroughly backtest and validate the strategy before applying it to real-world trading scenarios. Additionally, always consider market conditions, risk management, and individual trading preferences when making trading decisions.
Disclaimer: Trading involves risks, and this document does not guarantee profitable outcomes. Traders should exercise caution and perform their own due diligence before engaging in any trading activity.
Remember to continually review and adapt your trading strategy based on market conditions and personal experiences to enhance its effectiveness.
Austin's Range Filter with Trade SignalsAustin’s Range Filter with Trade Signals
Description:
Austin’s Range Filter with Trade Signals is a versatile indicator that combines a custom range filter with dynamic buy and sell signals based on EMA crossovers. This indicator is designed to help traders easily identify trend reversals and optimal trade entry/exit points.
Key Features:
• Range Filter Calculation: The indicator calculates the highest and lowest price over a user-defined period, then multiplies the difference by a customizable multiplier to establish a dynamic range. A combined middle band (average of the upper and lower bounds) is plotted for a clearer visual representation of the price trend.
• Exponential Moving Average (EMA): A user-configurable EMA is added, which acts as the primary signal line. You can adjust the length of the EMA to suit your trading style.
• Buy and Sell Signals:
• Buy Signal: Triggered when the price crosses above the EMA, indicating a potential upward trend.
• Sell Signal: Triggered when the price crosses below the EMA, indicating a potential downward trend.
• Alerts: Custom alert conditions for buy and sell signals allow you to set up real-time notifications when the signal changes, so you never miss an opportunity.
• Customizable Display: You can toggle the visibility of the combined band (purple) and the EMA (blue) for a cleaner chart.
How It Works:
• Buy when the price crosses above the EMA.
• Sell when the price crosses below the EMA.
• Background colors indicate whether the current price is above or below the calculated range, helping you visually identify bullish and bearish conditions.
Customization Options:
• Range Filter Length: The lookback period for the highest/lowest price calculation.
• Range Multiplier: Adjusts the size of the range.
• EMA Length: Set the length of the EMA to fine-tune the signal sensitivity.
• Toggle Lines: Show or hide the combined band and EMA for more flexibility.
This indicator is suitable for a variety of markets including stocks, forex, and crypto, and can be applied to any timeframe. Use it as part of your technical analysis to spot market trends and improve your decision-making process.
How to Use:
1. Apply the indicator to your chart and adjust the settings to suit your strategy.
2. Set up alerts for buy and sell signals to receive real-time notifications.
3. Monitor the price relative to the range and EMA to better time your trades.
This indicator is perfect for traders looking for an intuitive yet powerful tool to enhance their trading strategies with automatic signals and alerts.
Uptrick: Volume-Weighted EMA Signal### **Uptrick: Volume-Weighted EMA Signal (UVES) Indicator - Comprehensive Description**
#### **Overview**
The **Uptrick: Volume-Weighted EMA Signal (UVES)** is an advanced, multifaceted trading indicator meticulously designed to provide traders with a holistic view of market trends by integrating Exponential Moving Averages (EMA) with volume analysis. This indicator not only identifies the direction of market trends through dynamic EMAs but also evaluates the underlying strength of these trends using real-time volume data. UVES is a versatile tool suitable for various trading styles and markets, offering a high degree of customization to meet the specific needs of individual traders.
#### **Purpose**
The UVES indicator aims to enhance traditional trend-following strategies by incorporating a critical yet often overlooked component: volume. Volume is a powerful indicator of market strength, providing insights into the conviction behind price movements. By merging EMA-based trend signals with detailed volume analysis, UVES offers a more nuanced and reliable approach to identifying trading opportunities. This dual-layer analysis allows traders to differentiate between strong trends supported by significant volume and weaker trends that may be prone to reversals.
#### **Key Features and Functions**
1. **Dynamic Exponential Moving Average (EMA):**
- The core of the UVES indicator is its dynamic EMA, calculated over a customizable period. The EMA is a widely used technical indicator that smooths price data to identify the underlying trend. In UVES, the EMA is dynamically colored—green when the current EMA value is above the previous value, indicating an uptrend, and red when below, signaling a downtrend. This visual cue helps traders quickly assess the trend direction without manually calculating or interpreting raw data.
2. **Comprehensive Moving Average Customization:**
- While the EMA is the default moving average in UVES, traders can select from various other moving average types, including Simple Moving Average (SMA), Smoothed Moving Average (SMMA), Weighted Moving Average (WMA), and Volume-Weighted Moving Average (VWMA). Each type offers unique characteristics:
- **SMA:** Provides a simple average of prices over a specified period, suitable for identifying long-term trends.
- **EMA:** Gives more weight to recent prices, making it more responsive to recent market movements.
- **SMMA (RMA):** A slower-moving average that reduces noise, ideal for capturing smoother trends.
- **WMA:** Weighs prices based on their order in the dataset, making recent prices more influential.
- **VWMA:** Integrates volume data, emphasizing price movements that occur with higher volume, making it particularly useful in volume-sensitive markets.
3. **Signal Line for Trend Confirmation:**
- UVES includes an optional signal line, which applies a secondary moving average to the primary EMA. This signal line can be used to smooth out the EMA and confirm trend changes. The signal line’s color changes based on its slope—green for an upward slope and red for a downward slope—providing a clear visual confirmation of trend direction. Traders can adjust the length and type of this signal line, allowing them to tailor the indicator’s responsiveness to their trading strategy.
4. **Buy and Sell Signal Generation:**
- UVES generates explicit buy and sell signals based on the interaction between the EMA and the signal line. A **buy signal** is triggered when the EMA transitions from a red (downtrend) to a green (uptrend), indicating a potential entry point. Conversely, a **sell signal** is triggered when the EMA shifts from green to red, suggesting an exit or shorting opportunity. These signals are displayed directly on the chart as upward or downward arrows, making them easily identifiable even during fast market conditions.
5. **Volume Analysis with Real-Time Buy/Sell Volume Table:**
- One of the standout features of UVES is its integration of volume analysis, which calculates and displays the volume attributed to buying and selling activities. This analysis includes:
- **Buy Volume:** The portion of the total volume associated with price increases (close higher than open).
- **Sell Volume:** The portion of the total volume associated with price decreases (close lower than open).
- **Buy/Sell Ratio:** A ratio of buy volume to sell volume, providing a quick snapshot of market sentiment.
- These metrics are presented in a real-time table positioned in the top-right corner of the chart, with customizable colors and formatting. The table updates with each new bar, offering continuous feedback on the strength and direction of the market trend based on volume data.
6. **Customizable Settings and User Control:**
- **EMA Length and Source:** Traders can specify the lookback period for the EMA, adjusting its sensitivity to price changes. The source for EMA calculations can also be customized, with options such as close, open, high, low, or other custom price series.
- **Signal Line Customization:** The signal line’s length, type, and width can be adjusted to suit different trading strategies, allowing traders to optimize the balance between trend detection and noise reduction.
- **Offset Adjustment:** The offset feature allows users to shift the EMA and signal line forward or backward on the chart. This can help align the indicator with specific price action or adjust for latency in decision-making processes.
- **Volume Table Positioning and Formatting:** The position, size, and color scheme of the volume table are fully customizable, enabling traders to integrate the table seamlessly into their chart setup without cluttering the visual workspace.
7. **Versatility Across Markets and Trading Styles:**
- UVES is designed to be effective across a wide range of financial markets, including Forex, stocks, cryptocurrencies, commodities, and indices. Its adaptability to different markets is supported by its comprehensive customization options and the inclusion of volume analysis, which is particularly valuable in markets where volume plays a crucial role in price movement.
#### **How Different Traders Can Benefit from UVES**
1. **Trend Followers:**
- Trend-following traders will find UVES particularly beneficial for identifying and riding trends. The dynamic EMA and signal line provide clear visual cues for trend direction, while the volume analysis helps confirm the strength of these trends. This combination allows trend followers to stay in profitable trades longer and exit when the trend shows signs of weakening.
2. **Volume-Based Traders:**
- Traders who focus on volume as a key indicator of market strength can leverage the UVES volume table to gain insights into the buying and selling pressure behind price movements. By monitoring the buy/sell ratio, these traders can identify periods of strong conviction (high buy volume) or potential reversals (high sell volume) with greater accuracy.
3. **Scalpers and Day Traders:**
- For traders operating on shorter time frames, UVES provides quick and reliable signals that are essential for making rapid trading decisions. The ability to customize the EMA length and type allows scalpers to fine-tune the indicator for responsiveness, while the volume analysis offers an additional layer of confirmation to avoid false signals.
4. **Swing Traders:**
- Swing traders, who typically hold positions for several days to weeks, can use UVES to identify medium-term trends and potential entry and exit points. The indicator’s ability to filter out market noise through the signal line and volume analysis makes it ideal for capturing significant price movements without being misled by short-term volatility.
5. **Position Traders and Long-Term Investors:**
- Even long-term investors can benefit from UVES by using it to identify major trend reversals or confirm the strength of long-term trends. The flexibility to adjust the EMA and signal line to longer periods ensures that the indicator remains relevant for detecting shifts in market sentiment over extended time frames.
#### **Optimal Settings for Different Markets**
- **Forex Markets:**
- **EMA Length:** 9 to 14 periods.
- **Signal Line:** Use VWMA or WMA for the signal line to incorporate volume data, which is crucial in the highly liquid Forex markets.
- **Best Use:** Short-term trend following, with an emphasis on identifying rapid changes in market sentiment.
- **Stock Markets:**
- **EMA Length:** 20 to 50 periods.
- **Signal Line:** SMA or EMA with a slightly longer length (e.g., 50 periods) to capture broader market trends.
- **Best Use:** Medium to long-term trend identification, with volume analysis confirming the strength of institutional buying or selling.
- **Cryptocurrency Markets:**
- **EMA Length:** 9 to 12 periods, due to the high volatility in crypto markets.
- **Signal Line:** SMMA or EMA for smoothing out extreme price fluctuations.
- **Best Use:** Identifying entry and exit points in volatile markets, with the volume table providing insights into market manipulation or sudden shifts in trader sentiment.
- **Commodity Markets:**
- **EMA Length:** 14 to 21 periods.
- **Signal Line:** WMA or VWMA, considering the impact of trading volume on commodity prices.
- **Best Use:** Capturing medium-term price movements and confirming trend strength with volume data.
#### **Customization for Advanced Users**
- **Advanced Offset Usage:** Traders can experiment with different offset values to see how shifting the EMA and signal line impacts the timing of buy/sell signals. This can be particularly useful in markets with known latency or for strategies that require a delayed confirmation of trend changes.
- **Volume Table Integration:** The position, size, and colors of the volume table can be adjusted to fit seamlessly into any trading setup. For example, a trader might choose to position the table in the bottom-right corner and use a smaller size to keep the focus on price action while still having access to volume data.
- **Signal Filtering:** By combining the signal line with the primary EMA, traders can filter out false signals during periods of low volatility or when the market is range-bound. Adjusting the length of the signal line allows for greater control over the sensitivity of the trend detection.
#### **Conclusion**
The **Uptrick: Volume-Weighted EMA Signal (UVES)** is a powerful and adaptable indicator designed for traders who demand more from their technical analysis tools. By integrating dynamic EMA trend signals with real-time volume analysis, UVES offers a comprehensive view of market conditions, making it an invaluable resource for identifying trends, confirming signals, and understanding market sentiment. Whether you are a day trader, swing trader, or long-term investor, UVES provides the versatility, precision, and customization needed to make more informed and profitable trading decisions. With its ability to adapt to various markets and trading styles, UVES is not just an indicator but a complete trend analysis solution.
Enhanced Alligator Trend Indicator By Er. Parvez HaleemPurpose: The Enhanced Alligator Trend Indicator aims to identify strong and reliable buy and sell signals on the price chart by combining the Alligator Indicator with trend strength and volume filters. It is specifically designed for use on a 1-minute chart to enhance precision in short-term trading decisions.
Components:
Alligator Indicator:
Jaw Line (Blue): Calculated as a simple moving average (SMA) of the closing price over a specified period (default: 13 bars). Represents the long-term trend.
Teeth Line (Red): Calculated as a simple moving average (SMA) of the closing price over a shorter period (default: 8 bars). Represents the medium-term trend.
Lips Line (Green): Calculated as a simple moving average (SMA) of the closing price over an even shorter period (default: 5 bars). Represents the short-term trend.
Trend Strength Indicator:
Relative Strength Index (RSI): Measures the strength of the current trend, using a default period of 14 bars. RSI values above 50 suggest a bullish trend, while values below 50 suggest a bearish trend.
Volume Filter:
Volume Threshold: Filters signals based on trading volume to ensure they only appear when volume exceeds a specified threshold (default: 100,000). This helps to avoid low-volume noise and enhance signal reliability.
Additional Trend Filters:
Short-Term SMA: A simple moving average with a default period of 20 bars, used to assess short-term trend direction.
Long-Term SMA: A simple moving average with a default period of 50 bars, used to assess long-term trend direction.
SMA Crossover: A bullish crossover occurs when the short-term SMA is above the long-term SMA, and a bearish crossover occurs when the short-term SMA is below the long-term SMA.
Signal Generation:
Buy Signal: Generated when:
The Lips line is above the Teeth line, and the Teeth line is above the Jaw line (indicating a bullish alignment in the Alligator Indicator).
The RSI is above 50 (indicating strong bullish trend strength).
The trading volume exceeds the specified volume threshold (indicating sufficient trading activity).
The short-term SMA is above the long-term SMA (confirming a bullish trend).
Sell Signal: Generated when:
The Lips line is below the Teeth line, and the Teeth line is below the Jaw line (indicating a bearish alignment in the Alligator Indicator).
The RSI is below 50 (indicating strong bearish trend strength).
The trading volume exceeds the specified volume threshold (indicating sufficient trading activity).
The short-term SMA is below the long-term SMA (confirming a bearish trend).
Plotting on Chart:
Alligator Lines: The Jaw, Teeth, and Lips lines are plotted directly on the price chart in blue, red, and green, respectively, to indicate the long-term, medium-term, and short-term trends.
Buy/Sell Signals: Buy signals are plotted below the price bars in green, and sell signals are plotted above the price bars in red. These signals are marked with labels ("BUY" and "SELL") to clearly indicate trading opportunities.
Debugging: RSI and SMA lines are plotted but hidden by default. They can be revealed for verification purposes to ensure the correctness of the indicator’s calculations.
Alerts:
Buy Alert: Triggers when a buy signal condition is met, sending a notification that a buy opportunity has been identified.
Sell Alert: Triggers when a sell signal condition is met, sending a notification that a sell opportunity has been identified.
Keltner Channel+EMA with Buy/Sell SignalsIndicator Name: Double Keltner Channel with EMA (Buy/Sell Signals)
Description:
This indicator is designed to help traders identify potential trend reversals and generate buy/sell signals in volatile markets. It combines two Keltner Channels with different sensitivities (multipliers of 2.6 and 3.8) to visualize dynamic support and resistance levels. The addition of a 20-period EMA helps confirm trend direction and filter out potential false signals.
How the Indicator Works:
• Keltner Channels: These bands dynamically adjust to changing market volatility, offering a visual representation of potential price ranges. The 2.6 multiplier Keltner Channel (KC) is more sensitive to price changes, potentially highlighting short-term reversals, while the 3.8 multiplier KC focuses on broader trend shifts.
• 20-period EMA: This widely used trend indicator helps smooth out price fluctuations and identify the underlying direction of the market.
• Buy Signals: Generated when a candle's low touches or crosses below either Keltner Channel's lower band, and within the next 6 candles, that same candle closes above the 20 EMA. This combination suggests a potential rejection of lower prices (support) and a possible resumption of the uptrend.
• Sell Signals: Mirror the buy signal logic but are triggered when the candle's high touches or crosses above either Keltner Channel's upper band and then closes below the 20 EMA within the next 6 candles. This indicates a potential rejection of higher prices (resistance) and a possible shift to a downtrend.
How to Use the Indicator:
1. Identify the Trend: Use the 20 EMA to determine the overall trend direction. Look for buy signals primarily in uptrends and sell signals in downtrends.
2. Confirm with RSI : While not included in this indicator, consider using a separate Relative Strength Index (RSI) with a length of 10, SMA type, MA length of 14, and standard deviation of 2. Look for oversold conditions (RSI below 20) to confirm buy signals and overbought conditions (RSI above 80) to confirm sell signals.
3.Apply Risk Management: Always use appropriate risk management techniques, such as stop-loss orders, to protect your capital.
Key Points:
• This indicator is most effective in trending markets.
• It is not a standalone trading system and should be used in conjunction with other analysis tools and confirmation.
• The Keltner Channel multiplier values can be adjusted to suit your trading style and risk tolerance.
Important Disclaimer:
This indicator is a modification of the original Keltner Channel code and is intended for educational and informational purposes only.
It does not constitute financial advice. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Linear Regression Oscillator [ChartPrime]Linear Regression Oscillator Indicator
Overview:
The Linear Regression Oscillator is a custom TradingView indicator designed to provide insights into potential mean reversion and trend conditions. By calculating a linear regression on the closing prices over a user-defined period, this oscillator helps identify overbought and oversold levels and highlights trend changes. The indicator also offers visual cues and color-coded price bars to aid in quick decision-making.
Key Features:
◆ Customizable Look-Back Period:
Input: Length
Default: 20
Description: Determines the period over which the linear regression is calculated. A longer period smooths the oscillator but may lag, while a shorter period is more responsive but may be noisier.
◆ Overbought and Oversold Thresholds:
Inputs: Upper Threshold and Lower Threshold
Default: 1.5 and -1.5 respectively
Description: Define the upper and lower bounds for identifying overbought and oversold conditions. Values outside these thresholds suggest potential reversals.
◆ Candlestick Color Plotting:
Input: Plot Bar Color
Default: false
Description: Option to color the price bars based on the oscillator's value, providing a visual representation of market conditions. Bars turn cyan for positive oscillator values and blue for negative.
◆ Mean Reversion and Trend Signals:
Visual markers and labels indicate when the oscillator suggests mean reversion or trend changes, aiding in identifying key market turning points.
◆ Invalidation Levels:
Tracks the highest and lowest prices over a recent period to set levels where the current trend signal would be considered invalidated.
◆ Gradient Color Coding:
Utilizes gradient color coding to enhance the visualization of oscillator values, making it easier to interpret overbought and oversold conditions.
◆ Usage Notes:
Setting the Look-Back Period:
Adjust the "Length" input based on the timeframe and the type of trading you are conducting. Shorter periods are more suited for intraday trading, while longer periods can be used for swing trading.
Interpreting Thresholds:
Use the upper and lower threshold inputs to fine-tune the sensitivity of the overbought and oversold signals. Higher absolute values reduce the number of signals but increase their reliability.
Candlestick Coloring:
Enabling the "Plot Bar Color" option can help quickly identify the current state of the oscillator in relation to the zero line. This visual aid can be particularly useful in fast-moving markets.
Mean Reversion and Trend Signals:
Pay attention to the symbols and labels on the chart indicating mean reversion and trend changes. These signals are designed to highlight potential entry and exit points.
Invalidation Levels:
Use the plotted invalidation levels as stop-loss or signal invalidation points. If the price moves beyond these levels, the current trend signal is likely invalid.
This indicator helps traders identify overbought and oversold conditions, potential mean reversions, and trend changes based on the linear regression of the closing prices over a specified look-back period.
Enhanced Reversal DetectionScript Description:
The "Enhanced Reversal Detection" indicator is a powerful tool designed to identify potential market reversals across various financial instruments. It incorporates a sophisticated algorithm that analyzes price action along with key technical indicators such as the Relative Strength Index (RSI), Bollinger Bands, and Moving Average (MA).
How to Use:
Adjustable Parameters: The indicator offers a range of adjustable parameters to cater to different trading preferences and market conditions.
RSI Length: Adjusts the length of the RSI calculation to fine-tune sensitivity.
Overbought Level: Sets the threshold for identifying overbought conditions on the RSI scale.
Oversold Level: Sets the threshold for identifying oversold conditions on the RSI scale.
Bollinger Bands Length: Determines the length of the Bollinger Bands calculation.
Bollinger Bands Multiplier: Adjusts the standard deviation multiplier for the Bollinger Bands, influencing band width.
Moving Average Length: Defines the length of the Moving Average calculation to capture trend direction.
Min Bars Between Signals: Sets the minimum number of bars required between consecutive reversal signals.
ADX Length: Adjusts the length of the Average Directional Index (ADX) calculation.
ADX Threshold: Defines the threshold value for ADX, serving as a filter for reversal signals.
Signal Generation: The indicator generates signals for both bullish and bearish reversals based on predefined criteria. A bullish reversal signal is triggered when the closing price exceeds the lower Bollinger Band and RSI falls below the oversold threshold. Conversely, a bearish reversal signal occurs when the closing price falls below the upper Bollinger Band and RSI surpasses the overbought threshold.
Alerts: Traders can opt to receive alerts for bullish and bearish reversal signals, enabling them to stay informed of potential trading opportunities even when away from the platform.
Publication Readiness:
To ensure readiness for publication in the TradingView public library, the script has been meticulously crafted and documented:
The code is extensively commented to provide clear explanations of parameters, calculations, and signal generation logic.
Best coding practices have been followed to enhance readability and maintainability.
Rigorous testing has been conducted to validate the accuracy and reliability of signal generation across various market conditions.
The script adheres to TradingView's guidelines and policies for script publication, ensuring compliance with platform standards and user expectations.
With its comprehensive features and user-friendly design, the "Enhanced Reversal Detection" indicator is poised to become a valuable asset for traders seeking to identify high-probability reversal opportunities in the financial markets.
Bayesian Trend Indicator [ChartPrime]Bayesian Trend Indicator
Overview:
In probability theory and statistics, Bayes' theorem (alternatively Bayes' law or Bayes' rule), named after Thomas Bayes, describes the probability of an event, based on prior knowledge of conditions that might be related to the event.
The "Bayesian Trend Indicator" is a sophisticated technical analysis tool designed to assess the direction of price trends in financial markets. It combines the principles of Bayesian probability theory with moving average analysis to provide traders with a comprehensive understanding of market sentiment and potential trend reversals.
At its core, the indicator utilizes multiple moving averages, including the Exponential Moving Average (EMA), Simple Moving Average (SMA), Double Exponential Moving Average (DEMA), and Volume Weighted Moving Average (VWMA) . These moving averages are calculated based on user-defined parameters such as length and gap length, allowing traders to customize the indicator to suit their trading strategies and preferences.
The indicator begins by calculating the trend for both fast and slow moving averages using a Smoothed Gradient Signal Function. This function assigns a numerical value to each data point based on its relationship with historical data, indicating the strength and direction of the trend.
// Smoothed Gradient Signal Function
sig(float src, gap)=>
ta.ema(source >= src ? 1 :
source >= src ? 0.9 :
source >= src ? 0.8 :
source >= src ? 0.7 :
source >= src ? 0.6 :
source >= src ? 0.5 :
source >= src ? 0.4 :
source >= src ? 0.3 :
source >= src ? 0.2 :
source >= src ? 0.1 :
0, 4)
Next, the indicator calculates prior probabilities using the trend information from the slow moving averages and likelihood probabilities using the trend information from the fast moving averages . These probabilities represent the likelihood of an uptrend or downtrend based on historical data.
// Define prior probabilities using moving averages
prior_up = (ema_trend + sma_trend + dema_trend + vwma_trend) / 4
prior_down = 1 - prior_up
// Define likelihoods using faster moving averages
likelihood_up = (ema_trend_fast + sma_trend_fast + dema_trend_fast + vwma_trend_fast) / 4
likelihood_down = 1 - likelihood_up
Using Bayes' theorem , the indicator then combines the prior and likelihood probabilities to calculate posterior probabilities, which reflect the updated probability of an uptrend or downtrend given the current market conditions. These posterior probabilities serve as a key signal for traders, informing them about the prevailing market sentiment and potential trend reversals.
// Calculate posterior probabilities using Bayes' theorem
posterior_up = prior_up * likelihood_up
/
(prior_up * likelihood_up + prior_down * likelihood_down)
Key Features:
◆ The trend direction:
To visually represent the trend direction , the indicator colors the bars on the chart based on the posterior probabilities. Bars are colored green to indicate an uptrend when the posterior probability is greater than 0.5 (>50%), while bars are colored red to indicate a downtrend when the posterior probability is less than 0.5 (<50%).
◆ Dashboard on the chart
Additionally, the indicator displays a dashboard on the chart , providing traders with detailed information about the probability of an uptrend , as well as the trends for each type of moving average. This dashboard serves as a valuable reference for traders to monitor trend strength and make informed trading decisions.
◆ Probability labels and signals:
Furthermore, the indicator includes probability labels and signals , which are displayed near the corresponding bars on the chart. These labels indicate the posterior probability of a trend, while small diamonds above or below bars indicate crossover or crossunder events when the posterior probability crosses the 0.5 threshold (50%).
The posterior probability of a trend
Crossover or Crossunder events
◆ User Inputs
Source:
Description: Defines the price source for the indicator's calculations. Users can select between different price values like close, open, high, low, etc.
MA's Length:
Description: Sets the length for the moving averages used in the trend calculations. A larger length will smooth out the moving averages, making the indicator less sensitive to short-term fluctuations.
Gap Length Between Fast and Slow MA's:
Description: Determines the difference in lengths between the slow and fast moving averages. A higher gap length will increase the difference, potentially identifying stronger trend signals.
Gap Signals:
Description: Defines the gap used for the smoothed gradient signal function. This parameter affects the sensitivity of the trend signals by setting the number of bars used in the signal calculations.
In summary, the "Bayesian Trend Indicator" is a powerful tool that leverages Bayesian probability theory and moving average analysis to help traders identify trend direction, assess market sentiment, and make informed trading decisions in various financial markets.
Moving Average Momentum SignalsBest for trade execution in lower timeframe (1m,5m,15m) with momentum confirmation in higher timeframes (2h,4h,1d)
This indicator relies on three key conditions to determine buy and sell signals: the price's deviation from a short-term moving average, the change in the moving average over time (past 10 candles), and the price's deviation from a historical price (40 candles). The strategy aims to target moments where the asset's price is likely to experience a reversal or momentum shift.
Conditions
Price deviation from short-term Moving Average (MA): Current candle close minus the 10-period MA (price action past 10 candles)
Change in Moving Average over time: Current 10-period MA minus the 10-period MA from 10 candles ago (price action past 20 candles)
Price deviation from historical price: Current close minus the close from 40 candles ago (price action past 40 candles)
Signal Generation Logic
Buy Signal: Triggered when all three conditions are positive. Confirmed if the previous signal was a sell or if there were no previous signals
Sell Signal: Triggered when all three conditions are negative. Confirmed if the previous signal was a buy or if there were no previous signals
Usage and Strategy
After back testing, I observed the higher timeframes were a good indication of momentum/sentiment that you can take note of while trading intraday on the lower time frames (time intervals stated above). Background highlights are also displayed for easier visualization of bullish/bearish skew in terms of the volume of signals generated.
SMA DMA Crossing SignalSMA and DMA Crossing Buy Sell Signals
This script implements a Double Moving Average (DMA) strategy, a popular technical analysis technique used by traders to identify trends and potential buy/sell signals in financial markets.
**Description:**
The Double Moving Average strategy involves the calculation of two moving averages – a short-term moving average and a long-term moving average. In this script, we calculate these moving averages as follows:
1. **Short-term DMA (`dmaShort`):**
- Calculated using a 28-bar Simple Moving Average (SMA).
- Represents the shorter-term trend in the price movement.
2. **Long-term DMA (`dmaLong`):**
- Also calculated using a 28-bar SMA.
- Displaced backward by 14 bars (`dmaLong := request.security(syminfo.tickerid, "D", dmaLong )`), effectively creating a 28-bar SMA with a -14 bar displacement.
- Represents the longer-term trend in the price movement.
**Signals:**
Buy and sell signals are generated based on the crossing of the short-term DMA over or under the long-term DMA:
- **Buy Signal (`DMA BUY`):** Occurs when the short-term DMA crosses above the long-term DMA (`dmaBuySignal`).
- **Sell Signal (`DMA SELL`):** Occurs when the short-term DMA crosses below the long-term DMA (`dmaSellSignal`).
**How to Use:**
- **Buy Signal:** Consider entering a long position when the short-term DMA crosses above the long-term DMA, indicating a potential uptrend.
- **Sell Signal:** Consider exiting a long position or entering a short position when the short-term DMA crosses below the long-term DMA, indicating a potential downtrend.
This script provides a visual representation of the DMA crossover signals on the chart, helping traders identify potential entry and exit points in the market.
**Note:** It's important to combine DMA signals with other technical analysis tools and risk management strategies for informed trading decisions.
All comments are welcome..
Advanced MACD [CryptoSea]Advanced MACD (AMACD) enhances the traditional MACD indicator, integrating innovative features for traders aiming for deeper insights into market momentum and sentiment. It's crafted for those seeking to explore nuanced behaviors of the MACD histogram, thus offering a refined perspective on market dynamics.
Divergence moves can offer insight into continuation or potential reversals in structure, the example below is a clear continuation signal.
Key Features
Enhanced Histogram Analysis: Precisely tracks movements of the MACD histogram, identifying growth or decline periods, essential for understanding market momentum.
High/Low Markers: Marks the highest and lowest points of the histogram within a user-defined period, signaling potential shifts in the market.
Dynamic Averages Calculation: Computes average durations of histogram phases, providing a benchmark against historical performance.
Color-Coded Histogram: Dynamically adjusts the histogram's color intensity based on the current streak's duration relative to its average, offering a visual cue of momentum strength.
Customisable MACD Settings: Enables adjustments to MACD parameters, aligning with individual trading strategies.
Interactive Dashboard: Showcases an on-chart table with average durations for each phase, aiding swift decision-making.
Settings & Customisation
MACD Settings: Customise fast length, slow length, and signal smoothing to tailor the MACD calculations to your trading needs.
Reset Period: Determine the number of bars to identify the histogram's significant high and low points.
Histogram High/Lows: Option to display critical high and low levels of the histogram for easy referencing.
Candle Colours: Select between neutral or traditional candle colors to match your analytical preferences.
When in strong trends, you can use the average table to determine when to look to get into a position. This example we are in a strong downtrend, we then see the histogram growing above the average in these conditions which is where we should look to get into a shorting position.
Strategic Applications
The AMACD serves not just as an indicator but as a comprehensive analytical tool for spotting market trends, momentum shifts, and potential reversal points. It's particularly useful for traders to:
Spot Momentum Changes Utilise dynamic coloring and streak tracking to alert shifts in momentum, helping anticipate market movements.
Identify Market Extremes Use high and low markers to spot potential market turning points, aiding in risk management and decision-making.
Alert Conditions
Above Average Movement Alerts: Triggered when the duration of the MACD histogram's growth or decline is unusually long, these alerts signal sustained momentum:
Above Zero: Alerts for both growing and declining movements above zero, indicating either continued bullish trends or potential bearish reversals.
Below Zero: Alerts for growth and decline below zero, pointing to potential bullish reversals or confirmed bearish trends.
High/Low Break Alerts: Activated when the histogram reaches new highs or falls to new lows beyond the set thresholds, these alerts are crucial for identifying shifts in market dynamics:
Break Above Last High: Indicates a potential upward trend as the histogram surpasses recent highs.
Break Below Last Low: Warns of a possible downward trend as the histogram drops below recent lows.
These alert conditions enable traders to automate part of their market monitoring or potential to automate the signals to take action elsewhere.
Hull AMA SignalsThis script is a comprehensive trading indicator named "Hull AMA Signals", which combines AMA and HSO by LuxAlgo and ther video based strategy techniques to provide buy (long) and sell (short) signals. It overlays directly on the price chart, offering a dynamic and visually intuitive trading aid. The core components of this indicator are Adaptive Moving Averages (AMA), Hull Moving Average (HMA), and a unique Hull squeeze oscillator (HSO), each configured with customizable parameters for flexibility and adaptability to various market conditions.
Features and Components
Adaptive Moving Averages (AMA): This indicator employs two sets of AMAs, each with distinct lengths, multipliers, lags, and overshoot parameters. The AMAs are designed to adapt their sensitivity based on the market's volatility, making them more responsive during significant price movements and less prone to false signals during periods of consolidation.
Hull Moving Average (HMA): The HMA is calculated using a sophisticated algorithm that aims to reduce the lag commonly associated with traditional moving averages. It provides a smoother and more responsive moving average line, which helps in identifying the prevailing market trend more accurately.
Hull Squeeze Oscillator (HSO): A novel component of this indicator, the HSO, is designed to identify potential market breakouts. It does so by comparing the Hull Moving Average's direction and momentum against a dynamically calculated mean, generating bullish or bearish signals based on the crossover and divergence from this mean.
Buy (Long) and Sell (Short) Signals: The script intelligently combines signals from the AMA crossovers and the Hull squeeze oscillator to pinpoint potential buy and sell opportunities. Bullish signals are generated when there's a positive crossover in the AMAs accompanied by a bullish dot from the HSO, whereas bearish signals are indicated by a negative crossover in the AMAs along with a bearish dot from the HSO.
Customization and Style Options: Users have the ability to adjust various parameters such as the length of the moving averages, multipliers, and source data, enabling customization for different trading strategies and asset classes. Additionally, color-coded visual elements like gradients and shapes enhance the readability and instant recognition of trading signals.
Use Cases
Trend Identification: By analyzing the direction and position of the AMAs and HMA, traders can easily discern the prevailing market trend, helping them to align their trades with the market momentum.
Signal Confirmation: The combination of AMA crossovers and HSO signals provides a robust framework for confirming trade entries and exits, potentially increasing the reliability of the trading signals.
Volatility Adaptation: The adaptive nature of the AMAs and the dynamic calculation of the HSO mean allow this indicator to adjust to changing market volatility, making it suitable for a wide range of market environments.
This indicator is suitable for traders looking for a comprehensive and dynamic technical analysis tool that combines trend analysis with signal generation, offering both visual appeal and practical trading utility.
