MA Trend DashboardMA Trend Dashboard - Features
The MA Trend Dashboard is a versatile and user-friendly indicator designed to provide a comprehensive overview of market trends across multiple timeframes using moving averages (MAs). Here's what this script offers:
1. Dashboard Display
A compact and visually appealing dashboard is overlaid on the chart.
The dashboard displays the trend direction and deviation percentages for 30-minute, 1-hour, and 4-hour timeframes.
Users can position the dashboard in different locations (Top Right, Middle Right, or Bottom Right) and customize the text size (Tiny, Small, Normal).
2. Multi-Timeframe Trend Analysis
The script uses the concept of Multi-Timeframe (MTF) analysis to assess trends across:
30-minute (30m)
1-hour (1h)
4-hour (4h)
Each timeframe's trend is evaluated using the selected moving average method.
3. Customizable Moving Average Methods
Users can choose from various moving average calculation methods:
SMA (Simple Moving Average)
EMA (Exponential Moving Average)
SMMA (Smoothed Moving Average or RMA)
WMA (Weighted Moving Average)
VWMA (Volume-Weighted Moving Average)
This flexibility allows for tailored trend analysis based on the user's preferred methodology.
4. Visual Trend Indicators
Clear visual cues indicate the trend direction for each timeframe:
↑ (Up): Bullish trend.
↓ (Down): Bearish trend.
↘ (Weak Up): Mild bullishness.
↗ (Weak Down): Mild bearishness.
The background color of each cell dynamically changes based on the trend:
Green: Uptrend.
Red: Downtrend.
5. Deviation Percentage
The dashboard includes the percentage difference between the current price and the moving average for each timeframe.
Positive percentages are highlighted in green, and negative percentages in red.
6. Customization Options
Text Color: Allows users to adjust the color of the text displayed in the dashboard.
MA Length: Users can set the period for the moving averages (default is 50).
7. Dynamic Requests
Utilizes TradingView's dynamic_requests feature to ensure accurate real-time data across different timeframes without cluttering the chart.
Usage
This indicator is ideal for traders who want a quick and reliable snapshot of market trends across multiple timeframes. It is particularly suited for intraday and swing trading strategies, offering insights into price momentum and potential reversals.
חפש סקריפטים עבור "swing trading"
Dynamic Display for Max/Min MA Types with Fake-Out FilterDynamic Moving Average Max/Min Indicator with Step Line Break
**** select the setting to STEP LINE BREAK****
This indicator provides a powerful way to identify dynamic entry and stop-loss levels for both long and short trades. It calculates the maximum and minimum values of a selected moving average (MA) over a specified lookback period, adapting dynamically to market conditions. It features options for various MA types, including SMA, EMA, HMA, RMA, and DEMA, to suit different trading strategies and styles.
How It Works
1. Moving Average Selection: Choose the type of moving average (SMA, EMA, HMA, RMA, or DEMA) and its period (e.g., HMA 13).
2. Max/Min Calculation: The indicator calculates the highest and lowest values of the selected moving average over a specified lookback period (e.g., 5 candles).
3. Dynamic Plotting:
• Bullish Market: When the price breaks the Max MA level, the Min level is plotted, trailing upward as a potential stop-loss for long trades.
• Bearish Market: When the price breaks the Min MA level, the Max level is plotted, trailing downward as a potential stop-loss for short trades.
4. Fake-Out Filter: If a candle breaks the Max/Min level but closes within the range (indicating a fake-out), the plots do not switch. This can cause repainting during volatile conditions, so use caution in high-wick markets.
Features
• Customizable Inputs: Adjust MA type, period, lookback, and timeframe to suit your trading strategy.
• Multi-Timeframe Flexibility: Works on all timeframes, from micro-scalping on the 1-minute chart to swing trading on higher timeframes.
• Trend Confirmation: Provides clear indications of when to enter or exit based on dynamic levels.
• Risk Management: Highlights stop-loss levels that trail the trend, helping to lock in profits or limit losses.
Advantages
1. Clear Entry/Exit Points: Provides actionable signals for both long and short trades, with defined stop-loss locations.
2. Customizable for Any Style: Tailor the indicator to your product, timeframe, and trading approach (scalping or swing trading).
3. Trend-Focused Guidance: Helps avoid counter-trend trades by showing the dominant trend direction.
4. Adaptive to Market Conditions: The dynamic nature of the indicator allows it to respond to both trending and consolidating markets.
Limitations
1. Repainting During Fake-Outs: The indicator can repaint during volatile periods with long wicks, as it filters for fake-out candles. This may create noise in certain market conditions.
2. Optimization Required: The ideal settings for MA type, period, and lookback are dependent on the market profile and need to be fine-tuned by the trader.
3. Less Effective in Consolidation: In sideways or choppy markets, the indicator may produce less reliable signals unless adjusted for lower sensitivity.
Trading Tips
• Use this indicator to focus on trending markets, avoiding trades against the prevailing trend. For example, during an uptrend, only take long trades and avoid shorts.
• Consider having two configurations: one for trending markets and one for consolidating markets, switching between them as needed.
• Pair this indicator with volume analysis, price action, or other complementary tools to increase accuracy and reduce noise.
This indicator is designed to be both an entry and risk management tool, enabling traders to make informed decisions while keeping risks in check.
GocchiMulti-Indicator: RSI & Moving Averages
This versatile TradingView indicator combines two essential tools for technical analysis—Relative Strength Index (RSI) and Moving Averages (MAs)—into one comprehensive solution. It is designed for traders seeking flexibility, customization, and efficiency in their charting experience.
Features:
Relative Strength Index (RSI):
Customizable RSI length.
Adjustable overbought and oversold levels.
Selectable source input (e.g., close, open, high, low).
Visual levels for overbought and oversold zones, aiding in quick trend and momentum identification.
Three Moving Averages:
Three independently customizable moving averages.
Options for Simple Moving Average (SMA) or Exponential Moving Average (EMA) for each line.
Adjustable lengths for short-, medium-, and long-term trend tracking.
Visual Enhancements:
Clear, color-coded plots for RSI and each moving average.
Overbought and oversold zones are highlighted with horizontal dotted lines.
Alerts:
Get notified when RSI crosses above the overbought level or below the oversold level.
Alerts help traders stay on top of potential market reversals or breakout opportunities.
Use Cases:
RSI Analysis: Spot overbought or oversold conditions to identify potential reversals.
Trend Following: Use moving averages to confirm trends or identify crossovers for potential entry and exit points.
Custom Strategies: Tailor the settings to fit specific trading styles, such as scalping, swing trading, or long-term investing.
This all-in-one indicator streamlines your analysis by reducing the need for multiple overlays, making your charts cleaner and more actionable. Whether you're a novice or an experienced trader, this tool provides the flexibility and insights you need to succeed in any market condition.
Arrow-SimplyTrade vol1.5-FinalTitle: Arrow-SimplyTrade vol1.5-Final
Description:
This advanced trading indicator is designed to assist traders in analyzing market trends and identifying optimal entry signals. It combines several popular technical analysis tools and strategies, including EMA (Exponential Moving Average), MA (Simple Moving Averages), Bollinger Bands, and candlestick patterns. This indicator provides both trend-following and counter-trend signals, making it suitable for various trading styles, such as scalping and swing trading.
Main Features:
EMA (Exponential Moving Average):
EMA200 is the main trend line that helps determine the overall market direction. When the price is above EMA200, the trend is considered bullish, and when the price is below EMA200, the trend is considered bearish.
It helps filter out signals that go against the prevailing market trend.
Simple Moving Averages (MA5 and MA15):
This indicator uses two Simple Moving Averages: MA5 (Fast) and MA15 (Slow). Their crossovers create buy or sell signals:
Buy Signal: When MA5 crosses above MA15, signaling a potential upward trend.
Sell Signal: When MA5 crosses below MA15, signaling a potential downward trend.
Bollinger Bands:
Bollinger Bands measure market volatility and can identify periods of overbought or oversold conditions. The Upper and Lower Bands help detect potential breakout points, while the Middle Line (Basis) serves as dynamic support or resistance.
This tool is particularly useful for identifying volatile conditions and potential reversals.
Arrows:
The indicator plots arrows on the chart to signal entry opportunities:
Green Arrows signal buy opportunities (when MA5 crosses above MA15 and price is above EMA200).
Red Arrows signal sell opportunities (when MA5 crosses below MA15 and price is below EMA200).
Opposite Arrows: Optionally, the indicator can also display arrows for counter-trend signals, triggered by MA5 and MA15 crossovers, regardless of the price's position relative to EMA200.
Candlestick Patterns:
The indicator detects popular candlestick patterns such as Bullish Engulfing, Bearish Engulfing, Hammer, and Doji.
These patterns are important for confirming entry points or anticipating trend reversals.
How to Use:
EMA200: The main trend line. If the price is above EMA200, consider long positions. If the price is below EMA200, consider short positions.
MA5 and MA15: Short-term trend indicators. The crossover of these averages generates buy or sell signals.
Bollinger Bands: Use these bands to spot overbought/oversold conditions. Breakouts from the bands may signal potential entry points.
Arrows: Green arrows represent buy signals, and red arrows represent sell signals. Opposite direction arrows can be used for counter-trend strategies.
Candlestick Patterns: Patterns like Bullish Engulfing or Doji can help confirm the signals.
Customizable Settings:
Fully customizable colors, line styles, and display settings for EMA, MAs, Bollinger Bands, and arrows.
The Candlestick Patterns feature can be toggled on or off based on user preference.
Important Notes:
This indicator is intended to be used in conjunction with other analysis tools.
Past performance does not guarantee future results.
Polish:
Tytuł: Arrow-SimplyTrade vol1.5-Final
Opis:
Ten zaawansowany wskaźnik handlowy jest zaprojektowany, aby pomóc traderom w analizie trendów rynkowych oraz identyfikowaniu optymalnych sygnałów wejścia. Łączy w sobie kilka popularnych narzędzi analizy technicznej i strategii, w tym EMA (Wykładnicza Średnia Ruchoma), MA (Prosta Średnia Ruchoma), Bollinger Bands oraz formacje świecowe. Wskaźnik generuje zarówno sygnały podążające za trendem, jak i przeciwnym trendowi, co sprawia, że jest odpowiedni do różnych stylów handlu, takich jak scalping oraz swing trading.
Główne Funkcje:
EMA (Wykładnicza Średnia Ruchoma):
EMA200 to główna linia trendu, która pomaga określić ogólny kierunek rynku. Gdy cena znajduje się powyżej EMA200, trend jest uznawany za wzrostowy, a gdy poniżej EMA200, za spadkowy.
Pomaga to filtrować sygnały, które są niezgodne z głównym trendem rynkowym.
Proste Średnie Ruchome (MA5 i MA15):
Wskaźnik używa dwóch Prostych Średnich Ruchomych: MA5 (szybka) oraz MA15 (wolna). Ich przecięcia generują sygnały kupna lub sprzedaży:
Sygnał Kupna: Kiedy MA5 przecina MA15 od dołu, sygnalizując potencjalny wzrost.
Sygnał Sprzedaży: Kiedy MA5 przecina MA15 od góry, sygnalizując potencjalny spadek.
Bollinger Bands:
Bollinger Bands mierzą zmienność rynku i mogą pomóc w identyfikowaniu okresów wykupienia lub wyprzedania rynku. Górna i dolna linia pomagają wykrywać punkty wybicia, a Środkowa Linia (Basis) działa jako dynamiczny poziom wsparcia lub oporu.
Narzędzie to jest szczególnie przydatne w wykrywaniu warunków zmienności i potencjalnych odwróceń trendu.
Strzałki:
Wskaźnik wyświetla strzałki na wykresie, które wskazują sygnały kupna i sprzedaży:
Zielona strzałka wskazuje sygnał kupna (gdy MA5 przecina MA15 i cena jest powyżej EMA200).
Czerwona strzałka wskazuje sygnał sprzedaży (gdy MA5 przecina MA15 i cena jest poniżej EMA200).
Strzałki w przeciwnym kierunku: Opcjonalna funkcja, która pokazuje strzałki w przeciwnym kierunku, uruchamiane przez przecięcia MA5 i MA15, niezależnie od pozycji ceny względem EMA200.
Formacje Świecowe:
Wskaźnik wykrywa popularne formacje świecowe, takie jak Bullish Engulfing, Bearish Engulfing, Hammer oraz Doji.
Formacje te pomagają traderom potwierdzić punkty wejścia i przewidzieć możliwe odwrócenia trendu.
Jak Używać:
EMA200: Główna linia trendu. Jeśli cena jest powyżej EMA200, rozważaj pozycje długie. Jeśli cena jest poniżej EMA200, rozważaj pozycje krótkie.
MA5 i MA15: Śledzą krótkoterminowe zmiany trendu. Przecięcia tych średnich generują sygnały kupna lub sprzedaży.
Bollinger Bands: Używaj tych pasm do wykrywania wykupionych lub wyprzedanych warunków. Wybicia z pasm mogą wskazywać potencjalne punkty wejścia.
Strzałki: Zielona strzałka wskazuje sygnał kupna, a czerwona strzałka sygnał sprzedaży. Strzałki w przeciwnym kierunku mogą być używane do strategii przeciwtrendowych.
Formacje Świecowe: Formacje takie jak Bullish Engulfing czy Doji mogą pomóc w potwierdzaniu sygnałów.
Ustawienia Personalizacji:
W pełni personalizowalne kolory, style linii i ustawienia wyświetlania dla EMA, MAs, Bollinger Bands oraz strzałek.
Funkcja Formacji Świecowych może być włączana lub wyłączana według preferencji użytkownika.
Ważne Uwagi:
Ten wskaźnik powinien być używany w połączeniu z innymi narzędziami analizy rynku.
Wyniki z przeszłości nie gwarantują wyników w przyszłości.
Multi-TF Pivots V1The Multi-TF Pivots Indicator is a powerful and customizable pivot point tool for TradingView. This script allows traders to calculate and display pivot points on a wide range of timeframes, from 1-minute to weekly intervals. It supports both Classic and Fibonacci pivot styles and includes options to customize line colors, label positions, and price visibility. The indicator is ideal for traders who rely on pivot points for intraday and swing trading strategies, offering a clear visual representation of key support and resistance levels. With its flexibility and comprehensive features, this indicator is an essential tool for precise technical analysis.
اندیکاتور Multi-TF Pivots یک ابزار قدرتمند و قابل تنظیم برای محاسبه و نمایش پیوت پوینتها در پلتفرم TradingView است. این اسکریپت به معاملهگران امکان میدهد پیوت پوینتها را در طیف گستردهای از تایمفریمها، از ۱ دقیقه تا هفتگی، محاسبه و نمایش دهند. این اندیکاتور از سبکهای پیوت Classic و Fibonacci پشتیبانی میکند و گزینههایی برای شخصیسازی رنگ خطوط، موقعیت برچسبها و نمایش قیمتها دارد. این ابزار برای معاملهگرانی که به پیوت پوینتها برای استراتژیهای معاملاتی روزانه و نوسانی متکی هستند ایدهآل است و نمایش بصری واضحی از سطوح کلیدی حمایت و مقاومت ارائه میدهد. با انعطافپذیری و ویژگیهای جامع خود، این اندیکاتور یک ابزار ضروری برای تحلیل تکنیکال دقیق است
Previous Day High and Low by DRK TradingThe Previous Day High and Low Indicator is a simple yet powerful tool designed for traders who want to keep track of critical levels from the previous trading session. This indicator automatically marks the high and low of the previous day on your chart with dashed horizontal lines, making it easier to identify key support and resistance zones.
Features:
Horizontal Lines: Clearly marks the previous day's high and low levels.
Dynamic Updates: Automatically updates at the start of a new trading day.
Visual Clarity: Includes labels at the start of the day for quick reference.
Customizable: Works seamlessly across all timeframes and instruments.
Use Case:
Identify potential breakout and reversal zones.
Enhance intraday and swing trading strategies by focusing on key price levels.
Plan stop-loss and target levels based on historical price movements.
This indicator is perfect for price action traders, intraday scalpers, and swing traders who rely on past price behavior to make informed decisions.
Gold Trade Setup Strategy
Title: Profitable Gold Setup Strategy with Adaptive Moving Average & Supertrend
Introduction:
This trading strategy for Gold (XAU/USD) combines the Adaptive Moving Average (AMA) and Supertrend, tailored for high-probability setups during specific trading hours. The AMA identifies the trend, while the Supertrend confirms entry and exit points. The strategy is optimized for swing and intraday traders looking to capitalize on Gold’s price movements with precise trade timing.
Strategy Components:
1. Adaptive Moving Average (AMA):
• Reacts dynamically to market conditions, filtering noise in choppy markets.
• Serves as the primary trend indicator.
2. Supertrend:
• Confirms entry signals with clear buy and sell levels.
• Acts as a trailing stop-loss to protect profits.
Trading Rules:
Trading Hours:
• Only take trades between 8:30 AM and 10:30 PM IST.
• Avoid trading outside these hours to reduce noise and low-volume setups.
Buy Setup:
1. Trend Confirmation: The Adaptive Moving Average (AMA) must be green.
2. Signal Confirmation: The Supertrend should turn green after the AMA is green.
3. Trigger: Take the trade when the high of the trigger candle (the candle that turned Supertrend green) is broken.
Sell Setup (Optional if included):
• Reverse the rules for a short trade: AMA and Supertrend should both indicate bearish conditions (red), and take the trade when the low of the trigger candle is broken.
Stop-Loss and Targets:
• Place the stop-loss at the low of the trigger candle for long trades.
• Set a 1:2 risk-reward ratio or use the Supertrend line as a trailing stop-loss.
Timeframes:
• Recommended timeframes: 1H, 4H, or Daily for swing trading.
• For intraday trading, use 15-minute or 30-minute charts.
Why This Strategy Works:
• Combines trend-following (AMA) with momentum-based entries (Supertrend).
• Focused trading hours filter out low-probability setups.
• Provides precise entry, stop-loss, and target levels for disciplined trading.
Conclusion:
This Gold Setup Strategy is designed for traders seeking a structured approach to trading Gold. Follow the rules strictly, backtest the strategy extensively, and share your results. Let’s master the Gold market together!
Tags: #Gold #XAUUSD #SwingTrading #Intraday #Supertrend #AMA #TechnicalAnalysis #GoldStrategy
Improved G-Trend DetectionIt is the Improved version of G trend channel detection.
The Umair Trend Detection Indicator is a powerful tool designed to help traders identify potential buy and sell opportunities by combining dynamic price channels with RSI-based confirmation. This indicator is suitable for all types of financial markets, including stocks, forex, and cryptocurrencies.
Key Features:
Dynamic G-Channels
Calculates upper, lower, and average price channels based on the "G-Channel" methodology.
Helps identify market extremes and potential reversal points.
RSI Confirmation
Integrates RSI (Relative Strength Index) to filter buy and sell signals.
Avoids false signals by ensuring market momentum aligns with trend direction.
Buy/Sell Signals
Generates "Buy" signals when bullish conditions align with oversold RSI levels.
Generates "Sell" signals when bearish conditions align with overbought RSI levels.
Exit Signals
Provides optional exit points for both long and short positions using a buffer for confirmation.
Visual Clarity
Displays clearly plotted channels and average lines to help visualize price trends.
Buy and sell signals are marked with arrows for easy identification on the chart.
Custom Alerts
Offers customizable alerts for buy, sell, and exit conditions, ensuring traders never miss an opportunity.
Input Parameters:
Channel Length: Controls the sensitivity of the G-Channels.
Multiplier: Adjusts the width of the channels to suit different market conditions.
RSI Settings: Customize RSI length and thresholds for overbought/oversold conditions.
Exit Signal Buffer: Adds flexibility to the exit strategy by delaying signals for confirmation.
How It Helps:
The Umair Trend Detection Indicator is perfect for traders looking for an easy-to-use trend-following system with strong confirmation. By combining dynamic channels with RSI, it provides accurate and reliable signals to enter and exit trades, minimizing risks associated with false breakouts or trend reversals.
Use Cases:
Trend Trading: Identify and follow long-term trends with confidence.
Swing Trading: Spot reversals and capitalize on medium-term price movements.
Risk Management: Use exit signals to lock in profits or limit losses effectively.
This indicator is a versatile tool for both novice and experienced traders. Fine-tune its settings to align with your trading style and improve your decision-making in any market.
Filtered ATR with EMA OverlayFiltered ATR with EMA Overlay is an advanced volatility indicator designed to provide a more accurate representation of market conditions by smoothing the standard Average True Range (ATR). This is achieved by filtering out extreme price movements and abnormal bars that can distort traditional ATR calculations.
The indicator applies an Exponential Moving Average (EMA) to the filtered ATR, creating a dual-layered system that highlights periods of increased or decreased volatility.
Key Features:
Filtered ATR: Filters out extreme bars, reducing noise and making the ATR line more reliable.
EMA Overlay: An EMA (default period of 10) is applied to the filtered ATR, allowing traders to track average volatility trends.
Volatility Signals:
Filtered ATR > EMA(10): Indicates higher-than-average volatility. This often correlates with trend breakouts or strong price movements.
Filtered ATR < EMA(10): Suggests reduced volatility, signaling potential consolidation or sideways price action.
Parameters:
atrLength (Default: 5):
The number of bars used to calculate the ATR. A shorter period (e.g., 3-5) responds faster to price changes, while a longer period (e.g., 10-14) provides smoother results.
multiplier (Default: 1.8):
Controls the sensitivity of the filter. A lower multiplier (e.g., 1.5) filters out more bars, resulting in smoother ATR. Higher values (e.g., 2.0) allow more bars to pass through, retaining more price volatility.
maxIterations (Default: 20):
The maximum number of bars processed to detect abnormal values. Increasing this may improve accuracy at the cost of performance.
ema10Period (Default: 10):
The period for the Exponential Moving Average applied to the filtered ATR. Shorter periods provide faster signals, while longer periods give smoother, lagging signals.
Trading Strategies:
1. Breakout Strategy:
When filtered ATR crosses above EMA(10):
Enter long positions when price breaks above a key resistance level.
Higher volatility suggests strong price action and momentum.
When filtered ATR drops below EMA(10):
Exit positions or tighten stop-loss orders as volatility decreases.
Lower volatility may indicate consolidation or trend exhaustion.
2. Trend Following Strategy:
Use the filtered ATR line to track overall volatility.
If filtered ATR consistently stays above EMA: Hold positions or add to trades.
If filtered ATR remains below EMA: Reduce position size or stay out of trades.
3. Mean Reversion Strategy:
When filtered ATR spikes significantly above EMA, it may indicate market overreaction.
Look for price to revert to the mean once ATR returns below the EMA.
4. Stop-Loss Adjustment:
As volatility increases (ATR above EMA), widen stop-loss levels to avoid being stopped out by random fluctuations.
In low volatility (ATR below EMA), tighten stop-losses to minimize losses during low activity periods.
Benefits:
Reduced Noise: By filtering abnormal bars, the indicator provides cleaner signals.
Better Trend Detection: EMA smoothing highlights volatility trends.
Adaptable: The indicator can be customized for scalping, day trading, or swing trading.
Intuitive Visualization: Traders can visually see volatility shifts and adjust strategies in real-time.
Best Practices:
Timeframes: Works effectively on all timeframes, but higher timeframes (e.g., 1H, 4H, Daily) yield more reliable signals.
Markets: Suitable for forex, crypto, stocks, and commodities.
Combining Indicators: Use in combination with RSI, Moving Averages, Bollinger Bands, or price action analysis for stronger signals.
How It Works (Under the Hood):
The script calculates the Daily Range (High - Low) for each bar.
The largest and smallest bars are filtered out if their difference exceeds the multiplier (default 1.8).
The remaining bars are averaged to generate the filtered ATR.
An EMA(10) is then applied to the filtered ATR for smoother visualization.
TASC 2025.01 Linear Predictive Filters█ OVERVIEW
This script implements a suite of tools for identifying and utilizing dominant cycles in time series data, as introduced by John Ehlers in the "Linear Predictive Filters And Instantaneous Frequency" article featured in the January 2025 edition of TASC's Traders' Tips . Dominant cycle information can help traders adapt their indicators and strategies to changing market conditions.
█ CONCEPTS
Conventional technical indicators and strategies often rely on static, unchanging parameters, which may fail to account for the dynamic nature of market data. In his article, John Ehlers applies digital signal processing principles to address this issue, introducing linear predictive filters to identify cyclic information for adapting indicators and strategies to evolving market conditions.
This approach treats market data as a complex series in the time domain. Analyzing the series in the frequency domain reveals information about its cyclic components. To reduce the impact of frequencies outside a range of interest and focus on a specific range of cycles, Ehlers applies second-order highpass and lowpass filters to the price data, which attenuate or remove wavelengths outside the desired range. This band-limited analysis isolates specific parts of the frequency spectrum for various trading styles, e.g., longer wavelengths for position trading or shorter wavelengths for swing trading.
After filtering the series to produce band-limited data, Ehlers applies a linear predictive filter to predict future values a few bars ahead. The filter, calculated based on the techniques proposed by Lloyd Griffiths, adaptively minimizes the error between the latest data point and prediction, successively adjusting its coefficients to align with the band-limited series. The filter's coefficients can then be applied to generate an adaptive estimate of the band-limited data's structure in the frequency domain and identify the dominant cycle.
█ USAGE
This script implements the following tools presented in the article:
Griffiths Predictor
This tool calculates a linear predictive filter to forecast future data points in band-limited price data. The crosses between the prediction and signal lines can provide potential trade signals.
Griffiths Spectrum
This tool calculates a partial frequency spectrum of the band-limited price data derived from the linear predictive filter's coefficients, displaying a color-coded representation of the frequency information in the pane. This mode's display represents the data as a periodogram . The bottom of each plotted bar corresponds to a specific analyzed period (inverse of frequency), and the bar's color represents the presence of that periodic cycle in the time series relative to the one with the highest presence (i.e., the dominant cycle). Warmer, brighter colors indicate a higher presence of the cycle in the series, whereas darker colors indicate a lower presence.
Griffiths Dominant Cycle
This tool compares the cyclic components within the partial spectrum and identifies the frequency with the highest power, i.e., the dominant cycle . Traders can use this dominant cycle information to tune other indicators and strategies, which may help promote better alignment with dynamic market conditions.
Notes on parameters
Bandpass boundaries:
In the article, Ehlers recommends an upper bound of 125 bars or higher to capture longer-term cycles for position trading. He recommends an upper bound of 40 bars and a lower bound of 18 bars for swing trading. If traders use smaller lower bounds, Ehlers advises a minimum of eight bars to minimize the potential effects of aliasing.
Data length:
The Griffiths predictor can use a relatively small data length, as autocorrelation diminishes rapidly with lag. However, for optimal spectrum and dominant cycle calculations, the length must match or exceed the upper bound of the bandpass filter. Ehlers recommends avoiding excessively long lengths to maintain responsiveness to shorter-term cycles.
CandleCandle: A Comprehensive Pine Script™ Library for Candlestick Analysis
Overview
The Candle library, developed in Pine Script™, provides traders and developers with a robust toolkit for analyzing candlestick data. By offering easy access to fundamental candlestick components like open, high, low, and close prices, along with advanced derived metrics such as body-to-wick ratios, percentage calculations, and volatility analysis, this library enables detailed insights into market behavior.
This library is ideal for creating custom indicators, trading strategies, and backtesting frameworks, making it a powerful resource for any Pine Script™ developer.
Key Features
1. Core Candlestick Data
• Open : Access the opening price of the current candle.
• High : Retrieve the highest price.
• Low : Retrieve the lowest price.
• Close : Access the closing price.
2. Candle Metrics
• Full Size : Calculates the total range of the candle (high - low).
• Body Size : Computes the size of the candle’s body (open - close).
• Wick Size : Provides the combined size of the upper and lower wicks.
3. Wick and Body Ratios
• Upper Wick Size and Lower Wick Size .
• Body-to-Wick Ratio and Wick-to-Body Ratio .
4. Percentage Calculations
• Upper Wick Percentage : The proportion of the upper wick size relative to the full candle size.
• Lower Wick Percentage : The proportion of the lower wick size relative to the full candle size.
• Body Percentage and Wick Percentage relative to the candle’s range.
5. Candle Direction Analysis
• Determines if a candle is "Bullish" or "Bearish" based on its closing and opening prices.
6. Price Metrics
• Average Price : The mean of the open, high, low, and close prices.
• Midpoint Price : The midpoint between the high and low prices.
7. Volatility Measurement
• Calculates the standard deviation of the OHLC prices, providing a volatility metric for the current candle.
Code Architecture
Example Functionality
The library employs a modular structure, exporting various functions that can be used independently or in combination. For instance:
// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org
// © DevArjun
//@version=6
indicator("Candle Data", overlay = true)
import DevArjun/Candle/1 as Candle
// Body Size %
bodySize = Candle.BodySize()
// Determining the candle direction
candleDirection = Candle.CandleDirection()
// Calculating the volatility of the current candle
volatility = Candle.Volatility()
// Plotting the metrics (for demonstration)
plot(bodySize, title="Body Size", color=color.blue)
label.new(bar_index, high, candleDirection, style=label.style_circle)
Scalability
The modularity of the Candle library allows seamless integration into more extensive trading systems. Functions can be mixed and matched to suit specific analytical or strategic needs.
Use Cases
Trading Strategies
Developers can use the library to create strategies based on candle properties such as:
• Identifying long-bodied candles (momentum signals).
• Detecting wicks as potential reversal zones.
• Filtering trades based on candle ratios.
Visualization
Plotting components like body size, wick size, and directional labels helps visualize market behavior and identify patterns.
Backtesting
By incorporating volatility and ratio metrics, traders can design and test strategies on historical data, ensuring robust performance before live trading.
Education
This library is a great tool for teaching candlestick analysis and how each component contributes to market behavior.
Portfolio Highlights
Project Objective
To create a Pine Script™ library that simplifies candlestick analysis by providing comprehensive metrics and insights, empowering traders and developers with advanced tools for market analysis.
Development Challenges and Solutions
• Challenge : Achieving high precision in calculating ratios and percentages.
• Solution : Implemented robust mathematical operations and safeguarded against division-by-zero errors.
• Challenge : Ensuring modularity and scalability.
• Solution : Designed functions as independent modules, allowing flexible integration.
Impact
• Efficiency : The library reduces the time required to calculate complex candlestick metrics.
• Versatility : Supports various trading styles, from scalping to swing trading.
• Clarity : Clean code and detailed documentation ensure usability for developers of all levels.
Conclusion
The Candle library exemplifies the power of Pine Script™ in simplifying and enhancing candlestick analysis. By including this project in your portfolio, you showcase your expertise in:
• Financial data analysis.
• Pine Script™ development.
• Creating tools that solve real-world trading challenges.
This project demonstrates both technical proficiency and a keen understanding of market analysis, making it an excellent addition to your professional portfolio.
Library "Candle"
A comprehensive library to access and analyze the basic components of a candlestick, including open, high, low, close prices, and various derived metrics such as full size, body size, wick sizes, ratios, percentages, and additional analysis metrics.
Open()
Open
@description Returns the opening price of the current candle.
Returns: float - The opening price of the current candle.
High()
High
@description Returns the highest price of the current candle.
Returns: float - The highest price of the current candle.
Low()
Low
@description Returns the lowest price of the current candle.
Returns: float - The lowest price of the current candle.
Close()
Close
@description Returns the closing price of the current candle.
Returns: float - The closing price of the current candle.
FullSize()
FullSize
@description Returns the full size (range) of the current candle (high - low).
Returns: float - The full size of the current candle.
BodySize()
BodySize
@description Returns the body size of the current candle (open - close).
Returns: float - The body size of the current candle.
WickSize()
WickSize
@description Returns the size of the wicks of the current candle (full size - body size).
Returns: float - The size of the wicks of the current candle.
UpperWickSize()
UpperWickSize
@description Returns the size of the upper wick of the current candle.
Returns: float - The size of the upper wick of the current candle.
LowerWickSize()
LowerWickSize
@description Returns the size of the lower wick of the current candle.
Returns: float - The size of the lower wick of the current candle.
BodyToWickRatio()
BodyToWickRatio
@description Returns the ratio of the body size to the wick size of the current candle.
Returns: float - The body to wick ratio of the current candle.
UpperWickPercentage()
UpperWickPercentage
@description Returns the percentage of the upper wick size relative to the full size of the current candle.
Returns: float - The percentage of the upper wick size relative to the full size of the current candle.
LowerWickPercentage()
LowerWickPercentage
@description Returns the percentage of the lower wick size relative to the full size of the current candle.
Returns: float - The percentage of the lower wick size relative to the full size of the current candle.
WickToBodyRatio()
WickToBodyRatio
@description Returns the ratio of the wick size to the body size of the current candle.
Returns: float - The wick to body ratio of the current candle.
BodyPercentage()
BodyPercentage
@description Returns the percentage of the body size relative to the full size of the current candle.
Returns: float - The percentage of the body size relative to the full size of the current candle.
WickPercentage()
WickPercentage
@description Returns the percentage of the wick size relative to the full size of the current candle.
Returns: float - The percentage of the wick size relative to the full size of the current candle.
CandleDirection()
CandleDirection
@description Returns the direction of the current candle.
Returns: string - "Bullish" if the candle is bullish, "Bearish" if the candle is bearish.
AveragePrice()
AveragePrice
@description Returns the average price of the current candle (mean of open, high, low, and close).
Returns: float - The average price of the current candle.
MidpointPrice()
MidpointPrice
@description Returns the midpoint price of the current candle (mean of high and low).
Returns: float - The midpoint price of the current candle.
Volatility()
Volatility
@description Returns the standard deviation of the OHLC prices of the current candle.
Returns: float - The volatility of the current candle.
Multi VWAPThe Multi-VWAP Indicator is a versatile tool designed to plot up to three Volume Weighted Average Price (VWAP) lines simultaneously, each anchored to a user-defined period. This indicator provides traders with a comprehensive view of price action across multiple timeframes, making it ideal for analyzing trends, support, and resistance levels.
Key Features:
Multiple Anchoring Options:
Each VWAP can be independently anchored to one of the following periods:
Session: Resets at the start of each trading day.
Week: Resets at the start of each week.
Month: Resets at the start of each month.
Quarter: Resets at the start of each quarter.
Year: Resets at the start of each year.
User Customization:
Choose the anchoring period for each VWAP line via dropdown menus.
Assign distinct colors to each VWAP for better visual differentiation.
Dynamic Price Source:
The VWAP calculation is based on the average price (hlc3) by default but can be modified by the user to use other price inputs.
Clear Visualization:
Displays three separate VWAP lines simultaneously, helping traders identify confluences or divergences in price action across timeframes.
Use Cases:
Intraday Trading: Use session-anchored VWAP to track intraday trends and mean reversion points.
Swing Trading: Combine weekly and monthly VWAPs to identify longer-term support and resistance levels.
Multi-Timeframe Analysis: Visualize how price interacts with VWAPs from different periods to spot key zones of interest.
This indicator is a powerful tool for traders who want to incorporate VWAP into their strategies while maintaining flexibility to adapt to various market conditions.
Psychological Levels- Rounding Numbers Psychological Levels Indicator
Overview:
The Psychological Levels Indicator automatically identifies and plots significant price levels based on psychological thresholds, which are key areas where market participants often focus their attention. These levels act as potential support or resistance zones due to human behavioral tendencies to round off numbers. This indicator dynamically adjusts the levels based on the stock's price range and ensures seamless visibility across the chart.
Key Features:
Dynamic Step Sizes:
The indicator adjusts the levels dynamically based on the stock price:
For prices below 500: Levels are spaced at 10.
For prices between 500 and 3000: Levels are spaced at 50, 100, and 1000.
For prices between 3000 and 10,000: Levels are spaced at 100 and 1000.
For prices above 10,000: Levels are spaced at 500 and 1000.
Extended Visibility:
The plotted levels are extended across the entire chart for improved visualization, ensuring traders can easily monitor these critical zones over time.
Customization Options:
Line Color: Choose the color for the levels to suit your charting style.
Line Style: Select from solid, dashed, or dotted lines.
Line Width: Adjust the thickness of the lines for better clarity.
Clean and Efficient Design:
The indicator only plots levels relevant to the visible chart range, avoiding unnecessary clutter and ensuring a clean workspace.
How It Works:
It calculates the relevant step sizes based on the price:
Smaller step sizes for lower-priced stocks.
Larger step sizes for higher-priced stocks.
Primary, secondary, and (if applicable) tertiary levels are plotted dynamically:
Primary Levels: The most granular levels based on the stock price.
Secondary Levels: Higher-order levels for broader significance.
Tertiary Levels: Additional levels for lower-priced stocks to enhance detail.
These levels are plotted across the chart, allowing traders to visualize key psychological areas effortlessly.
Use Cases:
Day Trading: Identify potential intraday support and resistance levels.
Swing Trading: Recognize key price zones where trends may pause or reverse.
Long-Term Investing: Gain insights into significant price zones for entry or exit strategies.
100s Level LinesPurpose of the Script
- Visualize Key Levels: The script highlights round-number levels (e.g., 100, 200, 300) automatically, making it easy to identify areas where price action might react.
- Improve Decision-Making: These levels can serve as benchmarks for entry, exit, stop-loss, or take-profit placement.
- Simplicity: Instead of manually drawing levels, the script dynamically updates to match the chart's price range.
Features of the Script
- Dynamic Level Calculation: The script calculates 100s levels based on the asset's current price range and plots lines above and below the visible chart area.
- Customizable Settings: Adjust line color, style (solid, dashed, or dotted), and width to suit your charting preferences.
- Auto-Scaling: Automatically adjusts to the chart's visible price range, ensuring plotted levels are always relevant.
- Labeling: Each line can optionally display its exact value (e.g., "1400," "1500") for easy reference.
- Performance Optimization: Efficient calculations ensure the script doesn’t slow down TradingView, even on volatile instruments like the US100.
How the Script Works
- The script detects the highest and lowest visible prices on the chart to define the range.
- Starting from the lowest 100-point increment within the visible range, the script calculates all 100-point levels up to the highest visible price.
- It plots horizontal lines across the chart for each calculated level.
- Optionally, labels can be added to display the value of each level.
How to Use the Script
- Copy the script code into the Pine Script editor in TradingView and apply it to your chart.
- Open the script settings to adjust line color, style, width, and label visibility.
- Use the plotted 100s levels as psychological support and resistance zones for trade entries, exits, and stop-loss or take-profit placement.
Example Use Cases
- Identify potential reversal points as the price approaches a 100s level in intraday trading.
- Confirm support or resistance zones on higher timeframes for swing trading setups.
- Use the levels to trail stop-losses during trending markets and lock in profits incrementally.
Customizable Options
- Line Color: Change the color of the horizontal lines.
- Line Style: Choose solid, dashed, or dotted lines.
- Line Width: Adjust the thickness of the lines for better visibility.
- Show Labels: Toggle price values on or off for each level.
Advantages
- Saves Time: Automatically plots levels, eliminating manual effort.
- Adaptable: Works on all timeframes and assets.
- Psychological Relevance: Highlights levels that align with trader psychology and market behavior.
Structure Pilot Vision [Wang Indicators]Built and refined with Dave Teaches, the HTF Vision Pro supercharges the trader, providing them with the tools to approach price with a layered analysis.
Providing the trader the instruments to put on the spotlight significant zones to anticipate price deliveries
HTF CANDLE VISION
Displays up to 3 series of HTF Candles
Shows candlesticks from a higher time frame (e.g., daily, 4-hour, weekly) on a lower time frame chart (e.g., 1-hour, 15-minute). This allows traders to simultaneously observe both short-term and long-term market dynamics.
Customizable Time Frames: Users can select any higher time frame to overlay on the current chart. Common time frames include daily, weekly, and monthly candles, but other custom time frames can also be used.
Color Coding: The HTF candles are color-coded for easy differentiation from the lower time frame candles. Users can customize colors to suit their preferences.
Open, High, Low, Close (OHLC) Representation: The indicator displays the full candlestick pattern for the chosen HTF, including the open, high, low, and close values. This helps traders easily identify key price levels and trends.
Settings :
Number of candles
Space between the chart and the HTF candles
Space between candles sets
Size : from Tiny (2x regular candle size) to Large (x8 regular candle size)
Space between candles
Colors of candles, borders and wicks
Incorporating a Higher Time Frame (HTF) candle into your Lower Time Frame (LTF) chart can be immensely beneficial for traders looking to enhance their analysis and decision-making process.
Use Cases for HTF Candles on LTF Charts:
Trend Confirmation:
Use Case: A trader might be looking at a 15-minute chart (LTF) but wants to confirm if the short-term trends align with the daily trend (HTF). Plotting a daily candle on the 15-minute chart helps visualize whether the short-term movements are part of a broader, longer-term trend.
Support and Resistance Identification:
Use Case: By plotting a weekly candle on a daily chart, traders can quickly identify levels that have acted as significant support or resistance in the past on the higher time frame, which might not be as visible or influential on the daily chart alone.
Entry and Exit Points Enhancement:
Use Case: When preparing to enter a trade based on a 1-hour chart, overlaying a 4-hour candle can provide insights into potential reversal points or continuation patterns that are more significant on the higher time frame, thus refining entry and exit strategies.
Volatility and Breakout Analysis:
Use Case: Seeing how a single HTF candle (like a monthly candle on a weekly chart) closes can give traders an idea of the market's volatility or the strength behind breakouts. A long wick on the HTF candle might suggest a rejected breakout or a potential reversal.
Risk Management:
Use Case: Using an HTF candle can help set more informed stop-loss levels. For instance, if a trader uses a 4-hour candle on a 1-hour chart, they might place their stop-loss just beyond the low of the HTF candle, assuming this represents a significant level of support or resistance.
Contextual Trading Decisions:
Use Case: For scalpers or day traders, understanding where the current price action sits within the context of a higher timeframe can lead to better decision-making. For instance, trading within an HTF consolidation range might suggest less aggressive moves, while being near the top or bottom of such a range might indicate potential for larger movements.
Market Sentiment Analysis:
Use Case: The color (red for bearish, green for bullish) and size of the HTF candle can give a quick visual cue of the market sentiment over that period, helping traders assess whether they are going with or against the broader market flow.
Swing Trading:
Use Case: Swing traders might plot a weekly candle on a daily chart to align their trades with the direction of the weekly trend, ensuring they're not fighting the broader market momentum.
Educational and Visual Reference:
Use Case: For educational purposes, having an HTF candle overlay can serve as a visual reminder for students or new traders about how price movements on different time frames can influence each other, aiding in teaching concepts like "the trend is your friend."
Wang use cases :
The way it is intended to be used is as follow
If you trade the 1 min chart and have a set of 5 min HTF candles plotted on your charts it could be used as follow :
As long as the 5 min keep providing close below the last 5 min candle if you're short you're safe ... if the 5 min candle stop closing below the last ones and start giving up-close you should consider closing your trade
Another use of HTF Candle is to find fractals responsible (up or down internal mouv before the breakout that creates a new zone). This fractal acts as supply and demand zone responsible for maintening the trend or for a reversal.
See examples below :
These fractals are interesting zones because they often cause the price to react, so following a flip in the fractal, you can take a short in bearish zones and a long in bullish zones. Fractals are easier to detect thanks to the HTF candles function, and allow you to enter positions with greater confidence. They can be used in the same way as the 70%, 50% and 30% interest zones, or they can be used simultaneously.
Use with zones :
▫️ VERTICAL BARS VISION ▫️
The vertical bars provide a view of market fractality: on a low time frame chart, they show the size of a candle in a higher time frame, and thus give a better understanding of the price fractality essential to the strategy we use.
Example :
For your information, when you modify data in the vertical bars or HTF candles parameters, the two are synchronized automatically.
The Vertical HTF Candle Closures Indicator is a simple yet effective tool that helps traders visually track the closing times of higher time frame (HTF) candles (such as 4H, 1H, 15M) on a lower time frame chart (e.g., 1-minute).
This feature plots vertical lines on the chart at the exact closure time of each selected HTF, allowing traders to quickly recognize key moments when the HTF candles close, or better yet when we trade above / below the last one and reverse ''sweepy sweepy'' .
Its more like a vertical and more micro visualisation than the HTF Candles.
Wang usage :
its a great tool to be able to reverse engineer what's in a HTFcandle precisely its a good combination with HTF candle projections to train the eyes of the traders about Whats is inside a candle that formed on the higher time frame
Limitation & know issues :
The chart may become cluttered with too many lines if multiple time frames are selected. Adjusting the line style or disabling certain time frames can help reduce visual noise.
On low time frame (<30s), some bar may notshow exactly on time (e.g : in 10sec timeframe, the 15min bar can be displayed at 01:15:10 instead of 01:15:00).
Because of the data provider and the interpreter of Trading View, if there is not data for a candle, Trading view just "skip" the candle. Sometime, those skip are on the candle that goes to 15min, 1 hour or 4 hour. As this is a Trading View issue. There is pretty much nothing we can do.
Some users may experience vertical bars at 1am, 5am, 9am ... instead of 0am, 4am, 8am ... That is because of the difference between the Timezone set on the chart and the timezone of the market they trade. Vertical bar will always refer to the symbol displayed
Enhanced Kaufman Adaptive Moving Average (KAMA) with Bollinger B# Enhanced Kaufman Adaptive Moving Average (KAMA) with Bollinger Bands
## Overview
This indicator combines the Kaufman Adaptive Moving Average (KAMA) with Bollinger Bands to create a comprehensive trading system. It provides adaptive trend following capabilities while measuring market volatility and potential reversal points.
## Key Features
- Adaptive moving average that adjusts to market conditions
- Dynamic Bollinger Bands for volatility measurement
- Color-coded KAMA line indicating trend direction
- Integrated buy/sell signals based on multiple confirmations
- Customizable parameters for both KAMA and Bollinger Bands
- Optional bar confirmation wait feature
- Built-in alert conditions for trade signals
## Main Components
### 1. Kaufman Adaptive Moving Average (KAMA)
- Adapts to market volatility using an efficiency ratio
- Changes color based on trend direction (green for uptrend, red for downtrend)
- Adjustable parameters for fine-tuning:
- Base Length: Controls the main calculation period (default: 10)
- Fast EMA Length: For rapid market response (default: 2)
- Slow EMA Length: For stable market conditions (default: 30)
### 2. Bollinger Bands
- Standard deviation-based volatility bands
- Customizable length and standard deviation multiplier
- Includes expansion threshold for volatility measurement
- Components:
- Upper Band: Upper volatility threshold
- Middle Band: Simple moving average
- Lower Band: Lower volatility threshold
## Signal Generation
### Buy Signals
Generated when:
1. KAMA color changes from red to green
2. Price closes above KAMA
3. Price closes above the middle Bollinger Band
4. Signals are marked with:
- Green triangles below the candles
- "B" labels for easy identification
### Sell Signals
Generated when:
1. KAMA color changes from green to red
2. Price closes below KAMA
3. Price closes below the middle Bollinger Band
4. Signals are marked with:
- Red triangles above the candles
- "S" labels for easy identification
## Customizable Parameters
### KAMA Settings
- Base Length (1-50)
- Fast EMA Length (1-10)
- Slow EMA Length (10-50)
- Source Price Selection
- Direction Highlight Toggle
- Bar Confirmation Option
### Bollinger Bands Settings
- Length (default: 20)
- Standard Deviation Multiplier (default: 2.0)
- Expansion Threshold (0.1-3.0)
## Alert Functionality
Built-in alerts for:
- Buy signals with customizable messages
- Sell signals with customizable messages
## Best Practices
### Timeframe Selection
- Works well on multiple timeframes
- Recommended for 15m to 4h charts for optimal signal generation
- Higher timeframes provide more reliable trend signals
### Parameter Optimization
- Adjust KAMA lengths based on trading style:
- Shorter lengths for day trading
- Longer lengths for swing trading
- Fine-tune BB multiplier based on market volatility
- Consider waiting for bar confirmation in volatile markets
### Risk Management
- Use in conjunction with other indicators for confirmation
- Consider market conditions and volatility when trading signals
- Implement proper position sizing and stop-loss levels
## Technical Notes
- Written in Pine Script™ v6
- Overlay indicator (displays on price chart)
- Compatible with all TradingView-supported markets
- Resource-efficient implementation for smooth performance
## Disclaimer
This indicator is provided under the Mozilla Public License 2.0. While it can be a valuable tool for technical analysis, it should not be used as the sole basis for trading decisions. Always combine with proper risk management and additional analysis methods.
FVG - NibzDescription: Fair Value Gap (FVG) Indicator - Nibz
This Pine Script identifies and visualizes Fair Value Gaps (FVGs) on your TradingView chart. FVGs are price inefficiencies left behind when the market moves too quickly, skipping price levels that might not be tested. These gaps often act as magnets, attracting price for potential reversals or continuations.
The script works by detecting upward (bullish) and downward (bearish) price imbalances based on specific candlestick criteria and then marks these zones on your chart using customizable shaded boxes. This tool is essential for traders looking to identify key areas of market inefficiency that could signify support/resistance levels, potential reversal zones, or areas to monitor for market rebalancing.
How It Works
1. Bullish FVG Detection
The script identifies an upward imbalance when:
The low of the candlestick two bars back is less than or equal to the open of the previous bar.
The high of the current candlestick is greater than or equal to the close of the previous bar.
When this condition is met and the size of the imbalance is greater than zero, a green box is drawn from the low of the second candlestick back to the high of the current candlestick.
2. Bearish FVG Detection
The script identifies a downward imbalance when:
The high of the candlestick two bars back is greater than or equal to the open of the previous bar.
The low of the current candlestick is less than or equal to the close of the previous bar.
When this condition is met and the size of the imbalance is greater than zero, a red box is drawn from the low of the current candlestick to the high of the second candlestick back.
Customization Options
This script is highly customizable, allowing you to tailor the appearance of the FVG boxes to suit your trading style and chart aesthetics:
Bullish FVG:
Fill color and transparency.
Border color and transparency.
Bearish FVG:
Fill color and transparency.
Border color and transparency.
The settings are user-friendly, with intuitive sliders for transparency and color pickers for customization.
How to Use the Indicator
Adding the Script:
Add the indicator to your chart, and it will automatically mark bullish (green) and bearish (red) FVGs.
Interpreting FVGs:
Bullish FVGs (green zones): These often act as support or areas of potential price rebalancing on retracement.
Bearish FVGs (red zones): These often act as resistance or areas of interest for short entries.
Trade Ideas:
Use FVG zones to confirm other trade signals or strategies.
Watch for price interaction with these zones to time entries and exits.
Key Features
Automated detection of Fair Value Gaps.
Customizable visual representation to match your chart preferences.
Enhances trading precision by identifying price inefficiencies.
Suitable for scalping, day trading, or swing trading strategies.
This script provides a powerful tool to highlight important price levels and inefficiencies in the market, enabling traders to make informed decisions. Whether you're using it as a standalone indicator or combining it with other tools, the 'FVG - Nibz' indicator is a valuable addition to any trader's toolkit!
MegaGas Bollinger Bands with Divergence and Circle SignalsIndicator: MegaGas Bollinger Bands with Divergence and Circle Signals
This script provides a powerful combination of Bollinger Bands, RSI Divergence detection, and signal visualization tools. Designed with flexibility and precision in mind, it aims to assist traders in identifying trend reversals, volatility zones, and divergence-based trading opportunities. The script is well-suited for swing trading, momentum trading, and even scalping when adapted to lower timeframes.
How It Works:
Bollinger Bands:
Bollinger Bands are used to detect price volatility and overbought/oversold conditions. The script calculates:
Basis Line: A 34-period Simple Moving Average (SMA) as the core trend line.
Upper Bands: Bands positioned 1x and 2x the standard deviation above the SMA.
Lower Bands: Bands positioned 1x and 2x the standard deviation below the SMA. These levels provide dynamic support and resistance zones, highlighting breakout and reversion opportunities.
RSI Divergence Detection:
The indicator detects bullish divergence (when RSI forms a higher low while price forms a lower low) and bearish divergence (when RSI forms a lower high while price forms a higher high). These divergences often precede significant reversals or momentum shifts.
Bullish divergence is displayed with blue triangles (up).
Bearish divergence is displayed with orange triangles (down).
Buy and Sell Signals:
Circle Signals are generated when price crosses key Bollinger Bands levels:
A green circle appears when the price crosses above the lower band (potential buy signal).
A red circle appears when the price crosses below the upper band (potential sell signal).
These signals help identify potential entry and exit points for trades, particularly in trend-following or mean-reversion strategies.
Trend Reference (Moving Average):
A 50-period Simple Moving Average (SMA) is included as a trend reference, helping traders gauge the overall market direction. Use this to confirm divergence signals and avoid trades against the prevailing trend.
Why This Indicator Is Unique:
This script integrates multiple tools in a meaningful way, emphasizing contextual trading signals. Unlike standalone Bollinger Bands or RSI indicators, it introduces:
Advanced Divergence Analysis: Enhancing traditional RSI with divergence-based alerts.
Dynamic Signal Filtering: Preventing repetitive signals by introducing state-based logic for circles and divergence signals.
Trend Alignment: Combining Bollinger Bands with an SMA to filter trades based on the prevailing trend.
How to Use:
Setup:
Apply the indicator to any chart and timeframe. For swing trading, higher timeframes like 4H or 1D are recommended.
Adjust the RSI, Bollinger Bands, and Moving Average lengths to match your strategy and asset.
Signals:
Look for divergence signals (triangles) as early warnings of trend reversals. Confirm these with price action or other tools.
Use circle signals (green/red) to time potential entries/exits around Bollinger Band extremes.
Confirmation:
Combine divergence and circle signals with the SMA line to avoid counter-trend trades. For example, take bullish signals when the price is above the SMA and bearish signals when it is below.
Chart Clarity:
The script is published with a clean chart for clarity. It visualizes all signals with distinct shapes (triangles and circles) and colors, ensuring they are easily recognizable. Bollinger Bands and the SMA are plotted with transparency to avoid clutter.
Originality:
This script is a thoughtful blend of Bollinger Bands and RSI divergence detection, carefully designed to provide traders with actionable insights. It introduces state-based logic to manage repetitive signals and seamlessly integrates trend filtering, making it a valuable tool for both novice and experienced traders.
Candlestick Pattern ScannerCandlestick Pattern Scanner
This indicator identifies popular candlestick patterns on the chart and provides visual and alert-based support for traders. Based on technical analysis, it provides insights into potential trend reversals or continuation signals in price action. The following patterns are detected and marked:
1. Bullish Engulfing
Definition: Considered a strong bullish signal. A small red candle is followed by a large green candle that completely engulfs the previous one.
Chart Display: Marked with a green arrow below the price bar.
Alert Message: "Bullish Engulfing Pattern Detected!"
2. Bearish Engulfing
Definition: Considered a strong bearish signal. A small green candle is followed by a large red candle that completely engulfs the previous one.
Chart Display: Marked with a red arrow above the price bar.
Alert Message: "Bearish Engulfing Pattern Detected!"
3. Doji
Definition: Indicates indecision in the market. The candlestick has an opening and closing price that are almost the same, forming a very small body.
Chart Display: Marked with a blue triangle below the price bar.
Alert Message: "Doji Pattern Detected!"
4. Hammer
Definition: Can signal a strong bullish reversal. It has a long lower shadow and a small body, often appearing at the end of a downtrend.
Chart Display: Marked with an orange triangle below the price bar.
Alert Message: "Hammer Pattern Detected!"
5. Shooting Star
Definition: Can signal a strong bearish reversal. It has a long upper shadow and a small body, often appearing at the end of an uptrend.
Chart Display: Marked with a purple triangle above the price bar.
Alert Message: "Shooting Star Pattern Detected!"
Features:
Visual Support: Patterns are clearly marked on the chart using distinct shapes (arrows and triangles).
Alerts: Receive real-time notifications through TradingView’s alert system when a pattern is detected.
Versatility: Useful for identifying both trend reversals and continuation signals.
User-Friendly: Patterns are easily distinguishable with unique color coding.
Purpose:
This indicator helps traders identify potential reversal points or strong trend beginnings in price action. It can be used as a supportive tool in scalping, swing trading, or long-term investment strategies.
Multi-Symbol Scanner: Advanced EMA-RSI-Volume Strategy# Multi-Symbol Tech Stock Scanner: Advanced EMA-RSI-Volume Strategy
## Technical Analysis Methodology
This scanner implements a sophisticated multi-timeframe analysis approach combining three key technical elements:
### 1. Dual EMA System (Primary Trend Detection)
- **Long-term EMA (820 periods)**: Acts as the primary trend identifier
- Chosen specifically for tech stocks' longer-term price waves
- Helps filter out minor market noise while capturing major trend changes
- 820 periods approximately represents 3.2 years of trading days
- **Medium-term EMA (320 periods)**: Serves as trend confirmation
- Approximately 1.25 years of trading data
- Provides earlier entry signals while maintaining trend reliability
- Helps identify potential trend reversals before the major trend shift
### 2. Volume Analysis Component
The script employs a dynamic volume analysis system:
- Calculates 20-period moving average of volume as baseline
- Requires 1.5x surge above baseline for signal confirmation
- Volume surge requirement helps filter out weak moves and potential false breakouts
- Different from standard volume indicators as it uses adaptive thresholds
### 3. RSI Momentum Filter
Implements a specialized RSI configuration:
- 14-period RSI with dynamic overbought/oversold levels
- Oversold threshold: 30 (customizable)
- Overbought threshold: 70 (customizable)
- Used as a confirmation tool rather than primary signal generator
## Signal Generation Logic
### Buy Signal Requirements
1. Price must cross above 820 EMA (PRIMARY CONDITION)
2. Current price must be above 320 EMA (CONFIRMATION)
3. RSI must be above 30 but below 70 (MOMENTUM CHECK)
4. Volume must be 1.5x above 20-period average (STRENGTH VALIDATION)
### Sell Signal Requirements
1. Price must cross below 820 EMA (PRIMARY CONDITION)
2. Current price must be below 320 EMA (CONFIRMATION)
3. RSI must be above 30 but below 70 (MOMENTUM CHECK)
4. Volume must be 1.5x above 20-period average (STRENGTH VALIDATION)
## Risk Management Integration
The script automatically calculates key risk levels based on volatility:
1. **Stop Loss Calculation**:
- Default: 2% below entry for buys
- Dynamically adjusted based on price point
- Can be modified through input parameters
2. **Take Profit Targets**:
- Primary target: 6% above entry (3:1 reward-risk ratio)
- Based on historical tech stock movement patterns
- Adjustable through input parameters
## Multi-Symbol Implementation
The scanner monitors 6 symbols simultaneously using:
- Separate security calls for each data point
- Optimized data requests to prevent overload
- Individual signal processing for each symbol
- Synchronized alert generation system
## Technical Implementation Details
1. **Data Processing**:
```
- Security data requests on 10-minute timeframe
- Individual EMA calculations per symbol
- Separate volume analysis threads
- RSI calculations with standard deviation normalization
```
2. **Signal Processing**:
```
- Cross-verification of all conditions
- Time-based signal validation
- Volume surge confirmation
- Trend alignment check
```
3. **Alert System**:
```
- Bar-close confirmation required
- Multi-condition validation
- Detailed price level inclusion
- Risk parameter integration
```
## Optimization Features
1. **Memory Usage**:
- Optimized security calls
- Efficient data structure
- Reduced redundant calculations
2. **Processing Efficiency**:
- Single-pass data analysis
- Combined indicator calculations
- Streamlined alert generation
## Practical Application
The system is designed for:
1. Swing Trading (primary use)
2. Position Trading (secondary use)
3. Technical Breakout Trading
Optimal timeframes:
- Primary: 4H charts
- Secondary: Daily charts
- Verification: 1H charts
## Default Configuration
The scanner is preset to monitor key tech stocks:
- TSLA: High-volatility tech leader
- NVDA: Semiconductor sector benchmark
- AVGO: Stable tech infrastructure
- TSM: Global chip manufacturer
- META: Social media sector leader
- AMZN: E-commerce/Cloud computing leader
Each symbol can be modified through input parameters.
## Version Information
- Current Version: 1.3
- Last Updated: November 2024
- Compatibility: TradingView Pro/Pro+/Premium
## Limitations & Considerations
- Limited to 6 symbols due to TradingView security request limits
- Requires consistent market volume for optimal performance
- Best suited for liquid stocks with significant daily volume
- May need parameter adjustments during extreme market conditions
Holt-Winters Forecast BandsDescription:
The Holt-Winters Adaptive Bands indicator combines seasonal trend forecasting with adaptive volatility bands. It uses the Holt-Winters triple exponential smoothing model to project future price trends, while Nadaraya-Watson smoothed bands highlight dynamic support and resistance zones.
This indicator is ideal for traders seeking to predict future price movements and visualize potential market turning points. By focusing on broader seasonal and trend data, it provides insight into both short- and long-term market directions. It’s particularly effective for swing trading and medium-to-long-term trend analysis on timeframes like daily and 4-hour charts, although it can be adjusted for other timeframes.
Key Features:
Holt-Winters Forecast Line: The core of this indicator is the Holt-Winters model, which uses three components — level, trend, and seasonality — to project future prices. This model is widely used for time-series forecasting, and in this script, it provides a dynamic forecast line that predicts where price might move based on historical patterns.
Adaptive Volatility Bands: The shaded areas around the forecast line are based on Nadaraya-Watson smoothing of historical price data. These bands provide a visual representation of potential support and resistance levels, adapting to recent volatility in the market. The bands' fill colors (red for upper and green for lower) allow traders to identify potential reversal zones without cluttering the chart.
Dynamic Confidence Levels: The indicator adapts its forecast based on market volatility, using inputs such as average true range (ATR) and price deviations. This means that in high-volatility conditions, the bands may widen to account for increased price movements, helping traders gauge the current market environment.
How to Use:
Forecasting: Use the forecast line to gain insight into potential future price direction. This line provides a directional bias, helping traders anticipate whether the price may continue along a trend or reverse.
Support and Resistance Zones: The shaded bands act as dynamic support and resistance zones. When price enters the upper (red) band, it may be in an overbought area, while the lower (green) band may indicate oversold conditions. These bands adjust with volatility, so they reflect the current market conditions rather than fixed levels.
Timeframe Recommendations:
This indicator performs best on daily and 4-hour charts due to its reliance on trend and seasonality. It can be used on lower timeframes, but accuracy may vary due to increased price noise.
For traders looking to capture swing trades, the daily and 4-hour timeframes provide a balance of trend stability and signal reliability.
Adjustable Settings:
Alpha, Beta, and Gamma: These settings control the level, trend, and seasonality components of the forecast. Alpha is generally the most sensitive setting for adjusting responsiveness to recent price movements, while Beta and Gamma help fine-tune the trend and seasonal adjustments.
Band Smoothing and Deviation: These settings control the lookback period and width of the volatility bands, allowing users to customize how closely the bands follow price action.
Parameters:
Prediction Length: Sets the length of the forecast, determining how far into the future the prediction line extends.
Season Length: Defines the seasonality cycle. A setting of 14 is typical for bi-weekly cycles, but this can be adjusted based on observed market cycles.
Alpha, Beta, Gamma: These parameters adjust the Holt-Winters model's sensitivity to recent prices, trends, and seasonal patterns.
Band Smoothing: Determines the smoothing applied to the bands, making them either more reactive or smoother.
Ideal Use Cases:
Swing Trading and Trend Following: The Holt-Winters model is particularly suited for capturing larger market trends. Use the forecast line to determine trend direction and the bands to gauge support/resistance levels for potential entries or exits.
Identifying Reversal Zones: The adaptive bands act as dynamic overbought and oversold zones, giving traders potential reversal areas when price reaches these levels.
Important Notes:
No Buy/Sell Signals: This indicator does not produce direct buy or sell signals. It’s intended for visual trend analysis and support/resistance identification, leaving trade decisions to the user.
Not for High-Frequency Trading: Due to the nature of the Holt-Winters model, this indicator is optimized for higher timeframes like the daily and 4-hour charts. It may not be suitable for high-frequency or scalping strategies on very short timeframes.
Adjust for Volatility: If using the indicator on lower timeframes or more volatile assets, consider adjusting the band smoothing and prediction length settings for better responsiveness.
Price Movement Predictor (PMP)The Price Movement Predictor (PMP) is a versatile trading indicator designed to assist traders in identifying potential buy and sell opportunities in the market. This indicator utilizes a combination of technical analysis tools to generate signals based on the relative strength index (RSI) and moving averages, ensuring a robust and strategic approach to trading.
Key Features:
RSI-Based Signal Generation:
The indicator monitors the RSI to identify overbought and oversold conditions in the market.
A buy signal is generated when the RSI drops below a predefined oversold threshold, indicating potential upward price movement.
Conversely, a sell signal is triggered when the RSI exceeds a specified overbought level, suggesting a possible price decline.
Moving Average Confirmation:
The indicator employs two moving averages: a short-term and a long-term moving average.
Buy and sell signals are confirmed only after a crossover event occurs, ensuring that trades are entered in alignment with market trends.
The short moving average crossing above the long moving average confirms a buy signal, while a crossover below confirms a sell signal.
Take Profit and Stop Loss Management:
The PMP includes adjustable take profit and stop loss levels, which are automatically calculated based on user-defined percentages.
Labels indicating the take profit (TP) and stop loss (SL) levels are plotted on the chart, helping traders manage their risk effectively.
Alerts are available for both TP and SL conditions, allowing traders to stay informed about their trade outcomes.
User-Friendly Interface:
The indicator provides an intuitive setup with adjustable parameters for moving average lengths, RSI levels, and TP/SL ratios.
Clear buy and sell signals are displayed directly on the chart, making it easy for traders to act on potential opportunities.
Usage:
The Price Movement Predictor is ideal for traders who seek a systematic approach to identify trading opportunities and manage risk. By combining RSI signals with moving average crossovers, the indicator helps filter out false signals and enhances the accuracy of trade entries. It is suitable for various trading styles, including day trading, swing trading, and long-term investing.
Stoch RSI and RSI Buy/Sell Signals with MACD Trend FilterDescription of the Indicator
This Pine Script is designed to provide traders with buy and sell signals based on the combination of Stochastic RSI, RSI, and MACD indicators, enhanced by the confirmation of candle colors. The primary goal is to facilitate informed trading decisions in various market conditions by utilizing different indicators and their interactions. The script allows customization of various parameters, providing flexibility for traders to adapt it to their specific trading styles.
Usefulness
This indicator is not just a mashup of existing indicators; it integrates the functionality of multiple momentum and trend-detection methods into a cohesive trading tool. The combination of Stochastic RSI, RSI, and MACD offers a well-rounded approach to analyzing market conditions, allowing traders to identify entry and exit points effectively. The inclusion of color-coded signals (strong vs. weak) further enhances its utility by providing visual cues about the strength of the signals.
How to Use This Indicator
Input Settings: Adjust the parameters for the Stochastic RSI, RSI, and MACD to fit your trading style. Set the overbought/oversold levels according to your risk tolerance.
Signal Colors:
Strong Buy Signal: Indicated by a green label and confirmed by a green candle (close > open).
Weak Buy Signal: Indicated by a blue label and confirmed by a green candle (close > open).
Strong Sell Signal: Indicated by a red label and confirmed by a red candle (close < open).
Weak Sell Signal: Indicated by an orange label and confirmed by a red candle (close < open).
Example Trading Strategy Using This Indicator
To effectively use this indicator as part of your trading strategy, follow these detailed steps:
Setup:
Timeframe : Select a timeframe that aligns with your trading style (e.g., 15-minute for intraday, 1-hour for swing trading, or daily for longer-term positions).
Indicator Settings : Customize the Stochastic RSI, RSI, and MACD parameters to suit your trading approach. Adjust overbought/oversold levels to match your risk tolerance.
Strategy:
1. Strong Buy Entry Criteria :
Wait for a strong buy signal (green label) when the RSI is at or below the oversold level (e.g., ≤ 35), indicating a deeply oversold market. Confirm that the MACD shows a decreasing trend (bearish momentum weakening) to validate a potential reversal. Ensure the current candle is green (close > open) if candle color confirmation is enabled.
Example Use : On a 1-hour chart, if the RSI drops below 35, MACD shows three consecutive bars of decreasing negative momentum, and a green candle forms, enter a buy position. This setup signals a robust entry with strong momentum backing it.
2. Weak Buy Entry Criteria :
Monitor for weak buy signals (blue label) when RSI is above the oversold level but still below the neutral (e.g., between 36 and 50). This indicates a market recovering from an oversold state but not fully reversing yet. These signals can be used for early entries with additional confirmations, such as support levels or higher timeframe trends.
Example Use : On the same 1-hour chart, if RSI is at 45, the MACD shows momentum stabilizing (not necessarily negative), and a green candle appears, consider a partial or cautious entry. Use this as an early warning for a potential bullish move, especially when higher timeframe indicators align.
3. Strong Sell Entry Criteria :
Look for a strong sell signal (red label) when RSI is at or above the overbought level (e.g., ≥ 65), signaling a strong overbought condition. The MACD should show three consecutive bars of increasing positive momentum to indicate that the bullish trend is weakening. Ensure the current candle is red (close < open) if candle color confirmation is enabled.
Example Use : If RSI reaches 70, MACD shows increasing momentum that starts to level off, and a red candle forms on a 1-hour chart, initiate a short position with a stop loss set above recent resistance. This is a high-confidence signal for potential price reversal or pullback.
4. Weak Sell Entry Criteria :
Use weak sell signals (orange label) when RSI is between the neutral and overbought levels (e.g., between 50 and 64). These can indicate potential short opportunities that might not yet be fully mature but are worth monitoring. Look for other confirmations like resistance levels or trendline touches to strengthen the signal.
Example Use : If RSI reads 60 on a 1-hour chart, and the MACD shows slight positive momentum with signs of slowing down, place a cautious sell position or scale out of existing long positions. This setup allows you to prepare for a possible downtrend.
Trade Management:
Stop Loss : For buy trades, place stop losses below recent swing lows. For sell trades, set stops above recent swing highs to manage risk effectively.
Take Profit : Target nearby resistance or support levels, apply risk-to-reward ratios (e.g., 1:2), or use trailing stops to lock in profits as price moves in your favor.
Confirmation : Align these signals with broader trends on higher timeframes. For example, if you receive a weak buy signal on a 15-minute chart, check the 1-hour or daily chart to ensure the overall trend is not bearish.
Real-World Example: Imagine trading on a 15-minute chart :
For a buy:
A strong buy signal (green) appears when the RSI dips to 32, MACD shows declining bearish momentum, and a green candle forms. Enter a buy position with a stop loss below the most recent support level.
Alternatively, a weak buy signal (blue) appears when RSI is at 47. Use this as a signal to start monitoring the market closely or enter a smaller position if other indicators (like support and volume analysis) align.
For a sell:
A strong sell signal (red) with RSI at 72 and a red candle signals to short with conviction. Place your stop loss just above the last peak.
A weak sell signal (orange) with RSI at 62 might prompt caution but can still be acted on if confirmed by declining volume or touching a resistance level.
These strategies show how to blend both strong and weak signals into your trading for more nuanced decision-making.
Technical Analysis of the Code
1. Stochastic RSI Calculation:
The script calculates the Stochastic RSI (stochRsiK) using the RSI as input and smooths it with a moving average (stochRsiD).
Code Explanation : ta.stoch(rsi, rsi, rsi, stochLength) computes the Stochastic RSI, and ta.sma(stochRsiK, stochSmoothing) applies smoothing.
2. RSI Calculation :
The RSI is computed over a user-defined period and checks for overbought or oversold conditions.
Code Explanation : rsi = ta.rsi(close, rsiLength) calculates RSI values.
3. MACD Trend Filter :
MACD is calculated with fast, slow, and signal lengths, identifying trends via three consecutive bars moving in the same direction.
Code Explanation : = ta.macd(close, macdLengthFast, macdLengthSlow, macdSignalLength) sets MACD values. Conditions like macdLine < macdLine confirm trends.
4. Buy and Sell Conditions :
The script checks Stochastic RSI, RSI, and MACD values to set buy/sell flags. Candle color filters further confirm valid entries.
Code Explanation : buyConditionMet and sellConditionMet logically check all conditions and toggles (enableStochCondition, enableRSICondition, etc.).
5. Signal Flags and Confirmation :
Flags track when conditions are met and ensure signals only appear on appropriate candle colors.
Code Explanation : Conditional blocks (if statements) update buyFlag and sellFlag.
6. Labels and Alerts :
The indicator plots "BUY" or "SELL" labels with the RSI value when signals trigger and sets alerts through alertcondition().
Code Explanation : label.new() displays the signal, color-coded for strength based on RSI.
NOTE : All strategies can be enabled or disabled in the settings, allowing traders to customize the indicator to their preferences and trading styles.
