Strategy EngulfingThis script implements a trading strategy that identifies "engulfing" candlestick patterns and uses the Supertrend indicator to enter and exit trades.
ניתוח מגמה
9/21 EMA DSWThe 9 and 21 EMA strategy involves using the 9-day and 21-day exponential moving averages to identify potential buy and sell signals. A buy signal is generated when the 9 EMA crosses above the 21 EMA, and a sell signal is generated when the 9 EMA crosses below the 21 EMA. Best for new learner
Support and Resistance Levels (MMNOMICS)This indicator, titled "Support and Resistance Levels", is designed to identify and visualize critical price levels on a chart using Pine Script (version 5). It calculates support and resistance based on the highest and lowest prices over a user-defined lookback period (default: 20 bars). The support level represents the lowest low during this period, acting as a potential price floor, while the resistance level represents the highest high, serving as a potential price ceiling. These levels are plotted as green and red lines, respectively. To enhance visualization, dynamic zones are created with semi-transparent background colors—green when the price is near or below the support level, and red when the price is near or above the resistance level. Additionally, the indicator uses visual markers to highlight potential reversals: green triangles appear below bars near the support level, and red triangles above bars near the resistance level. This tool helps traders quickly identify areas of potential price action, aiding in decision-making and strategy development.
9/21 EMA_DSWThe 9 and 21 Exponential Moving Average (EMA) crossover is a popular technical indicator used by traders to identify potential buy and sell signals in the market. The 9 EMA is a shorter-term moving average, which responds more quickly to recent price movements, while the 21 EMA is a longer-term moving average that smooths out price action over a longer period. A bullish signal occurs when the 9 EMA crosses above the 21 EMA, suggesting upward momentum and a potential buying opportunity. Conversely, a bearish signal occurs when the 9 EMA crosses below the 21 EMA, indicating downward momentum and a potential selling opportunity. Traders often use this crossover in combination with other indicators, such as volume or RSI, to confirm the strength of the trend. The strategy is commonly applied in various time frames, from intraday charts to longer-term setups, and is widely used for trend-following strategies. However, it’s essential to keep in mind that the EMA crossover strategy can produce false signals in choppy or sideways markets.
Brokerir Market Sessions IndicatorOverview
The Brokerir Market Sessions Indicator is a powerful tool designed to help traders track global market sessions in a highly customizable and visually distinct manner. It supports four market sessions by default: Tokyo, London, New York, and Sydney, but you can fully customize session times, names, and colors to fit your trading needs.
This indicator offers four different visualization modes:
✔ Boxes – Clear session boundaries with customizable colors.
✔ Timeline – A minimalistic session tracker along the bottom of the chart.
✔ Zones – Highlights price action during specific sessions.
✔ Colored Candles – Colors candlesticks based on active sessions.
Additionally, it includes useful tools such as session High/Low tracking, Open/Close percentage change, pip movement, session equilibrium level, overlapping session merging, and weekend filtering.
Key Features
✅ Fully Customizable Sessions – Adjust names, colors, and times.
✅ Four Display Modes – Choose between Boxes, Timelines, Zones, or Candles.
✅ Automatic Timezone Detection – Works across all time zones, no manual adjustments needed.
✅ Session High/Low & Open/Close Tracking – View price movement during each session in pips or percentage.
✅ Overlap Merging – Ensures cleaner charts by merging overlapping sessions.
✅ Equilibrium Levels & Open/Close Lines – Gain insights into session strength and direction.
✅ Weekend Filtering – Avoid plotting sessions when the market is closed.
Customization Options
📌 Sessions Settings
You can modify each session independently:
• Tokyo Session – Set time, color, and name.
• London Session – Set time, color, and name.
• New York Session – Set time, color, and name.
• Sydney Session – Set time, color, and name.
💡 You can also create and track your own custom sessions!
📌 Additional Tools
1️⃣ Pips & Percentage Change Labels – Shows the distance between session high/low or open/close.
2️⃣ Session Overlap Merging – Makes charts cleaner by merging overlapping sessions.
3️⃣ Weekend Filter – Removes unnecessary session tracking when markets are closed.
4️⃣ Open/Close Line – Draws a trend line between session open and close for easy direction tracking.
5️⃣ 0.5 Equilibrium Level – Identifies the middle of a session range to spot price balance points.
6️⃣ Session Candle Coloring – Assigns unique colors to candles based on session activity.
7️⃣ Lookback Period – Customize how far back the indicator displays past session data.
8️⃣ Input Timezone Adjustments – Manually override time zones if needed.
Why Choose Brokerir Market Sessions Indicator?
🔹 Complete Customization – Define sessions exactly as you need them.
🔹 Multiple Visualizations – Switch between zones, boxes, timelines, or candle coloring.
🔹 Accurate Time Adjustments – Works regardless of your TradingView time zone settings.
🔹 Professional Trading Tool – Ideal for scalpers, day traders, and institutional analysis.
🔹 Future Updates & Enhancements – Brokerir will continue improving this indicator with new features and functionalities.
💡 Follow Brokerir for updates and improvements to this essential trading tool!
brokerir.com
EMA Study Script for Price Action TradersThis indicator creates an Exponential Moving Average (EMA) with customizable bands around it.
The bands can be based on three different calculation methods:
1. Full Average Bar Range (high-low)
2. Body Average Bar Range (open-close)
3. Standard Deviation of the EMA
Users can display up to three bands above and below the EMA, with options to customize the colors, transparency, and whether to fill the area between bands. The indicator serves both as a research tool for studying price action around EMAs and as a potential trading tool for identifying volatility zones.
Key features:
- Configurable EMA period and color
- Three different band calculation methods
- Up to 3 standard deviations of band display
- Optional band filling with customizable color and transparency
- Overlay display for easy price action analysis
Donchian Trend Ribbon (LonesomeTheBlue) / Owl of Profit remakeDonchian Trend Ribbon Strategy (by LonesomeTheBlue)
Special thanks to LonesomeTheBlue for the original concept and inspiration for this strategy.
This strategy leverages the Donchian Channel to determine both the main market trend and local trends. The result is a visually appealing trend ribbon, providing clear entry and exit signals based on trend alignment.
Features
Donchian Channel:
A classic indicator that tracks the highest high and lowest low over a specified period.
Main Trend: Determines the overall market direction based on price relative to the Donchian Channel.
Local Trend: Identifies smaller, shorter-term trends within the main trend.
Trend Ribbon Visualization:
Green shades for uptrends, red shades for downtrends.
Lighter colors indicate local trends opposing the main trend, while darker colors show alignment.
Entry and Exit Logic
Long Entry:
When the main trend indicates an uptrend.
Short Entry:
When the main trend indicates a downtrend.
Exit Logic:
Positions are closed when the trend reverses (i.e., a switch from an uptrend to a downtrend or vice versa).
Visualization
Trend Ribbon:
Multiple columns stacked to form a ribbon, with varying shades based on local and main trend alignment.
Customization
Donchian Channel Period:
Default: 20 bars.
Adjustable to fit different market conditions and timeframes.
This strategy is perfect for traders looking for a trend-following approach with clear visual cues for market direction and entry/exit signals.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
Fear OscillatorThis Pine Script v6 component calculates and plots a "Fear Oscillator" based on the presence of bearish candlestick patterns (Shooting Star, Hanging Man, and Bearish Engulfing) over a user-defined lookback period.
How It Works:
User Inputs: length - The lookback period for calculating the oscillator, shootingStarThreshold - The threshold for identifying Shooting Star patterns, hangingManThreshold - The threshold for identifying Hanging Man patterns, engulfingThreshold - The threshold for identifying Bearish Engulfing patterns.
Pattern Detection: The script defines functions to detect Shooting Star, Hanging Man, and Bearish Engulfing patterns based on wick and body size ratios. Each pattern is checked for the given thresholds.
Score Calculation: The script calculates scores for each bearish pattern over the lookback period. These scores are normalized by dividing by the total number of candles in the period.
Fear Oscillator: The oscillator is calculated as the average of the normalized scores for the three patterns.
Plotting: The Fear Oscillator is plotted on the chart, with reference lines for "Low Fear" and "High Fear" levels.
This indicator is designed to provide a visual representation of market fear, making it a valuable tool for traders to assess bearish sentiment and identify potential reversal points or areas of heightened market risk. It is best used in conjunction with other technical analysis tools to confirm signals.
RSI LabelThis is my first indicator. Its normal RSI, but little beat of tweak. It is is in label form displayed at right below the bar.
Volume Oscillator + Price Action / Owl of ProfitVolume Oscillator + Price Action Strategy
This strategy combines the Volume Oscillator with a Moving Average (MA) to identify trend-following entry and exit points based on momentum and price action.
Features:
Volume Oscillator:
Measures the difference between short-term and long-term EMA of volume.
Short Length: 14 (default).
Long Length: 28 (default).
Helps identify increasing or decreasing momentum in trading activity.
Price Action Moving Average (MA):
A 50-period Simple Moving Average (default) used to determine the overall price trend.
Entry and Exit Logic:
Long Condition:
Volume Oscillator crosses above zero.
Price is above the Moving Average.
Short Condition:
Volume Oscillator crosses below zero.
Price is below the Moving Average.
Exit Long:
Volume Oscillator crosses below zero.
OR price crosses below the Moving Average.
Exit Short:
Volume Oscillator crosses above zero.
OR price crosses above the Moving Average.
Visualization:
Volume Oscillator:
Plotted as a blue line with a horizontal zero line for reference.
Price Moving Average:
Plotted as an orange line on the price chart to show trend direction.
Zero Line:
A horizontal line at zero to help visualize the Volume Oscillator crossovers.
Customization:
Adjustable lengths for Volume Oscillator and Moving Average to fit different market conditions.
This strategy is perfect for traders looking to combine momentum from volume changes with trend-following price action for precise entries and exits.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
CAD CHF JPY (Index) vs USDDescription:
Analyze the combined performance of CAD, CHF, and JPY against the USD with this customized Forex currency index. This tool enables traders to gain a broader perspective of how these three currencies behave relative to the US Dollar by aggregating their movements into a single index. It’s a versatile tool designed for traders seeking actionable insights and trend identification.
Core Features:
Flexible Display Options:
Choose between Line Mode for a simplified view of the index trend or Candlestick Mode for detailed analysis of price action.
Custom Weight Adjustments:
Fine-tune the weight of each currency pair (USD/CAD, USD/CHF, USD/JPY) to better reflect your trading priorities or market expectations.
Moving Average Integration:
Add a moving average to smooth the data and identify trends more effectively. Choose your preferred type: SMA, EMA, WMA, or VWMA, and configure the number of periods to suit your strategy.
Streamlined Calculation:
The index aggregates data from USD/CAD, USD/CHF, and USD/JPY using a weighted average of their OHLC (Open, High, Low, Close) values, ensuring accuracy and adaptability to different market conditions.
Practical Applications:
Trend Identification:
Use the Line Mode with a moving average to confirm whether CAD, CHF, and JPY collectively show strength or weakness against the USD. A rising trendline signals currency strength, while a declining line suggests USD dominance.
Weight-Based Analysis:
If CAD is expected to lead, adjust its weight higher relative to CHF and JPY to emphasize its influence in the index. This customization makes the indicator adaptable to your market outlook.
Actionable Insights:
Identify key reversal points or breakout opportunities by analyzing the interaction of the index with its moving average. Combined with other technical tools, this indicator becomes a robust addition to any trader’s toolkit.
Additional Notes:
This indicator is a valuable resource for comparing the collective behavior of CAD, CHF, and JPY against the USD. Pair it with additional oscillators or divergence tools for a comprehensive market overview.
Perfect for both intraday analysis and swing trading strategies. Combine it with EUR GPB AUD (Index) indicator.
Good Profits!
EUR GBP AUD (Index) vs USDDescription:
This indicator calculates a weighted index using three major Forex pairs (EUR/USD, GBP/USD, AUD/USD) to represent their collective performance against the US Dollar (USD). With added functionality for moving averages, it provides a comprehensive tool for analyzing market trends, tracking momentum, and customizing strategies. Offers a holistic view of how major currencies are performing relative to the USD, making it easier to identify market trends and their potential impacts.
Display Modes:
Line (Default): A dynamic line chart with color changes indicating whether the index is above or below 1 USD.
Candles: Japanese candlestick visualization for detailed price action analysis.
Customizable Weights:
Adjust the weight assigned to each currency pair (EUR/USD, GBP/USD, AUD/USD) to reflect your trading priorities. Default weights are balanced, but you can customize them to suit your strategy, ensuring the total does not exceed
Moving Average Integration:
Includes a fully customizable moving average:Choose from SMA, EMA, WMA, or VWMA.Adjust the period length (default: 50).The moving average is plotted alongside the index to help identify trends and key levels.
Weighted Average Calculation:
Uses OHLC (Open, High, Low, Close) data to compute a precise weighted average for the index.
How to Use:
The indicator is designed to track the collective performance of major currencies against the USD. Here are some examples of how it can be used:
Example 1: Trend Confirmation with Moving Averages
Overlay the index with the moving average to confirm trends:If the index is trading above the moving average and the line is green, it signals strength in the major currencies relative to the USD.If the index is below the moving average and the line is red, it suggests potential USD strength.
Example 2: Customize Analysis with Weighted Strategy
Adjust the weights for EUR/USD, GBP/USD, and AUD/USD based on your trading priorities. For instance:If you expect EUR/USD to outperform, increase its weight in the calculation.Use the candlestick mode to observe intraday price action near support/resistance levels for potential trade setups.
Example 3: Momentum Analysis with Trend CCI
Combine this index with your custom Trend CCI indicator to enhance momentum analysis and identify potential trading opportunities:
Rising Index + Trend CCI > +100: Indicates strong bullish momentum in major currencies against the USD. This could signal a continuation of the uptrend or a good time to hold long positions.
Falling Index + Trend CCI < -100: Suggests bearish momentum, indicating a potential continuation of USD strength and an opportunity for short trades or exiting long positions.
Trend CCI Divergence: If the index is rising but the Trend CCI starts to fall, this could indicate weakening bullish momentum and the potential for a reversal.
Explore More:
Check out my other scripts to find CAD CHF JPY (Index) vs USD as well.
es.tradingview.com
Ichimoku with Cumulative Delta Volume Trend Buy/Sell SignalsCombines Ichimoku with depth of Cumulative Volume Delta to bring buying/selling strength to areas of Ichimoku supports/resistances.
Best used with CumulativeVolumeDelta by LonesomeTheBlue as a subchart with Heikin-Ashi candles with values of the subchart of SMA 50, EMA 100 and EMA 200 as these are the values I used to confirm supports and resistances within the delta volume.
Meant for all timeframes, but more accurate on the daily, weekly and monthly timeframes for swings and commons.
NFA and good luck.
Price IntensityPrice Intensity as discussed in:
Statistically Sound Indicators for Financial Market Prediction: Algorithms in C++
Timothy Masters
Independently Published, October 22, 2019
ISBN-10: 1698339992
ISBN-13: 978-1698339993
Ichimoku Cloud + ATR / Owl of ProfitIchimoku Cloud + ATR Strategy
This strategy combines the Ichimoku Cloud and the Average True Range (ATR) to identify trade opportunities and set dynamic stop-loss levels based on market volatility.
Features:
Ichimoku Cloud Components:
Tenkan-Sen (Conversion Line): 9-period midpoint of the highest high and lowest low (default).
Kijun-Sen (Base Line): 26-period midpoint of the highest high and lowest low (default).
Senkou Span A: Average of Tenkan-Sen and Kijun-Sen, displaced 26 periods forward.
Senkou Span B: 52-period midpoint of the highest high and lowest low, displaced 26 periods forward.
Chikou Span: Current close, displaced 26 periods backward.
ATR (Average True Range):
Used to calculate stop-loss levels based on market volatility.
ATR multiplier is customizable (default: 1.5).
Entry and Exit Logic:
Long Condition:
Tenkan-Sen crosses above Kijun-Sen.
Price is above both Senkou Span A and B.
Chikou Span is above the current close.
Stop-Loss: Dynamic, set below the entry price by a multiple of ATR.
Short Condition:
Tenkan-Sen crosses below Kijun-Sen.
Price is below both Senkou Span A and B.
Chikou Span is below the current close.
Stop-Loss: Dynamic, set above the entry price by a multiple of ATR.
Exit Conditions:
For longs, exit when Tenkan-Sen crosses below Kijun-Sen or Chikou Span falls below the close.
For shorts, exit when Tenkan-Sen crosses above Kijun-Sen or Chikou Span rises above the close.
Visualization:
Ichimoku Cloud: Displays bullish (green) and bearish (red) zones with a dynamic fill.
Tenkan-Sen, Kijun-Sen, and Chikou Span: Plotted for clarity in identifying trends and momentum.
Buy and Sell Signals: Marked with green "Long" and red "Short" labels. Exit points are also highlighted.
This strategy provides a comprehensive framework for trading trends while managing risk with volatility-based stop-loss levels. Use it for backtesting and further adaptation to your trading preferences.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
Ichimoku Cloud + ADX + VWAP / Owl of ProfitIchimoku + ADX + VWAP Strategy
This strategy combines the Ichimoku Cloud, Average Directional Index (ADX), and Volume Weighted Average Price (VWAP) indicators to identify trend direction, momentum strength, and price positioning for optimal trade entries and exits.
Features:
Ichimoku Cloud:
Conversion Line (Tenkan-Sen): 9-period midpoint of the highest high and lowest low.
Base Line (Kijun-Sen): 26-period midpoint of the highest high and lowest low.
Leading Span A: Average of the Conversion and Base Lines, displaced 26 periods forward.
Leading Span B: 52-period midpoint of the highest high and lowest low, displaced 26 periods forward.
Cloud Fill (Kumo): Visualizes bullish (green) or bearish (red) trends.
ADX (Average Directional Index):
14-period ADX indicates the strength of a trend.
Signals are valid when ADX is above the 25 threshold.
VWAP (Volume Weighted Average Price):
Used as a dynamic support/resistance level to confirm price positioning.
Entry and Exit Logic:
Buy Condition:
Price is above both Leading Span A and B.
ADX is greater than 25, indicating a strong trend.
Price is above the VWAP.
Sell Condition:
Price is below both Leading Span A and B.
ADX is greater than 25.
Price is below the VWAP.
Trade Execution:
Executes a long position on a valid buy signal.
Closes the position when the sell condition is met.
Visualization:
Ichimoku Cloud is plotted with a dynamic fill to display bullish and bearish trends.
ADX is plotted with a horizontal threshold line at 25.
VWAP is displayed as a thick blue line for price confirmation.
Buy and Sell signals are marked on the chart with green and red labels, respectively.
This strategy integrates trend, momentum, and price positioning for high-confidence trades. Use it for backtesting and customization to suit your trading style.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
Ichimoku Cloud / Owl of ProfitIchimoku Cloud Strategy
This strategy uses the Ichimoku Cloud indicator to detect trend direction and momentum for generating entry and exit signals.
Features:
Ichimoku Cloud Components:
Tenkan-Sen (Conversion Line): Calculated as the midpoint of the highest high and lowest low over the past 9 periods (default).
Kijun-Sen (Base Line): Calculated as the midpoint of the highest high and lowest low over the past 26 periods (default).
Senkou Span A (Leading Span A): The average of Tenkan-Sen and Kijun-Sen, displaced 26 periods into the future.
Senkou Span B (Leading Span B): The midpoint of the highest high and lowest low over the past 52 periods, displaced 26 periods into the future.
Chikou Span (Lagging Span): The current close, displaced 26 periods into the past.
Entry Conditions:
Long: Price is above the cloud (Span A and Span B) and Tenkan-Sen is above Kijun-Sen.
Short: Price is below the cloud (Span A and Span B) and Tenkan-Sen is below Kijun-Sen.
Exit Conditions:
Positions are exited when the opposite signal is generated.
Visualization:
The Ichimoku Cloud (Kumo) is displayed with a green fill for bullish trends and a red fill for bearish trends.
Tenkan-Sen and Kijun-Sen are plotted as dynamic support and resistance levels.
This strategy is ideal for identifying strong trends and capturing momentum-based trade opportunities. Use it for backtesting and further adaptation to your trading preferences.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
HMA + RSI / Owl of ProfitHMA + RSI Strategy
This strategy combines the Hull Moving Average (HMA) and the Relative Strength Index (RSI) to identify potential trade opportunities based on trend direction and momentum.
Features:
HMA Calculation:
Length: 50 (default).
HMA is plotted as a blue line on the price chart to indicate trend direction.
RSI Calculation:
Length: 14 (default).
Overbought Level: 70.
Oversold Level: 30.
RSI is plotted in purple with horizontal lines for overbought and oversold levels.
Entry and Exit Logic:
Long Condition:
Triggered when the price is above HMA, and RSI crosses above the oversold level (30).
Short Condition:
Triggered when the price is below HMA, and RSI crosses below the overbought level (70).
Exit Logic:
Long positions exit when RSI crosses below the overbought level or when the price drops below HMA.
Short positions exit when RSI crosses above the oversold level or when the price rises above HMA.
Customization Options:
Adjust HMA and RSI lengths, as well as RSI levels for overbought and oversold conditions, to suit different market conditions.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
Candle Range HighlighterThis indicator highlights candles with a range exceeding a user-defined threshold such as 50c. When a large-range candle is detected, it visually highlights the following 10 candles to help identify potential areas of significance or volatility. Customizable threshold input allows fine-tuning for different trading styles or instruments. Designed for overlay on price charts.
FVG Oscillator (OmegaTools) / Owl of Profit remakeFVG Oscillator (OmegaTools)
Big thanks to OmegaTools for providing this strategy and making it available under the Mozilla Public License 2.0! This Pine Script™ code is subject to the terms of the license at mozilla.org
This strategy leverages Fair Value Gaps (FVG) to detect potential bullish and bearish trading opportunities, combining price gaps and volume analysis for precision.
Features:
FVG Detection:
Bullish FVG (BFVG): Identifies price gaps with upward momentum.
Bearish FVG (SFVG): Identifies price gaps with downward momentum.
Additional Conditions:
Requires confirmation via volume or significant gap size.
Dynamic Count:
Tracks bullish and bearish FVG counts over a customizable 50-bar lookback period.
Normalized Gap Values:
Displays weighted bullish and bearish FVG patterns for better visualization.
Entry and Exit Logic:
Buy Signal: Triggered when a bullish FVG meets verification criteria (volume or significant gap).
Sell Signal: Triggered when a bearish FVG meets verification criteria.
Automatic position management ensures existing positions are closed before entering new ones.
Visualization:
Plots bullish and bearish FVG counts and highlights areas above and below zero.
Displays normalized gap widths as histograms for both long and short patterns.
This strategy provides a robust framework for detecting and trading fair value gaps, making it ideal for traders seeking a gap-based methodology. Use it for backtesting or customize it further for your trading style.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
Fractals 14 / Owl of ProfitFractals Strategy (14 Bars)
This strategy leverages Fractal Indicators to detect potential trend reversals based on price extremes over a 14-bar window.
Features:
Fractal Calculation:
Fractals Up: Identifies the highest high within the last 15 bars.
Fractals Down: Identifies the lowest low within the last 15 bars.
Entry and Exit Logic:
Buy Signal: Triggered when a fractal up is detected, signaling a potential upward reversal.
Sell Signal: Triggered when a fractal down is detected, signaling a potential downward reversal.
Exits are based on the appearance of an opposing fractal, ensuring timely trade closures.
Customization Options:
The 14-bar calculation window can be adjusted for different trading instruments and timeframes.
Visualization:
Fractals are plotted directly on the chart, helping traders easily spot reversal zones and refine their entries and exits.
This strategy is optimized for quick market reactions and is ideal for those seeking clear and straightforward reversal signals. Use it for backtesting and further adaptation to your preferred trading style.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
Fibonacci Retracement + Pivot Points + RSI / Owl of ProfitFibonacci Retracement + Pivot Points + RSI Strategy
This strategy combines Fibonacci Retracement, Pivot Points, and the Relative Strength Index (RSI) to identify key support/resistance levels, overbought/oversold conditions, and potential trade opportunities.
Features:
Fibonacci Retracement Levels:
Key levels (38.2%, 50%, 61.8%) are plotted to identify potential support and resistance zones.
Helps traders determine possible reversal or bounce points.
Pivot Points:
Automatically detects swing highs and lows on the chart.
Assists in locating key levels for entry or exit.
Relative Strength Index (RSI):
Identifies overbought (above 70) and oversold (below 30) conditions.
Provides additional confirmation for trades.
Entry and Exit Conditions:
Buy Signal: Triggered when the price bounces from a Fibonacci retracement level and RSI is below 30 (oversold).
Sell Signal: Triggered when the price rejects a Fibonacci retracement level and RSI is above 70 (overbought).
Customization Options:
Adjust Fibonacci levels, pivot point sensitivity, and RSI thresholds to suit different markets and trading styles.
Visualization:
Fibonacci retracement levels and pivot points are displayed directly on the chart.
RSI is plotted in a separate panel, with overbought/oversold levels clearly marked.
This strategy is designed for educational and testing purposes. Use it as a foundation for further backtesting and adapting to your trading approach.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
EMA 9 a 21 + Stochastic RSI / Owl of ProfitEMA 9/21 + Stoch RSI Strategy
This strategy combines Exponential Moving Averages (EMA) with Stochastic RSI to identify high-probability trading opportunities by analyzing both trend direction and overbought/oversold conditions.
Features:
Exponential Moving Averages (EMA):
Tracks short-term (9-period) and mid-term (21-period) trends.
Crossover signals are used to determine bullish and bearish trends.
Stochastic RSI:
Identifies overbought and oversold market conditions.
Adds a layer of confirmation to EMA crossovers, improving signal quality.
Entry and Exit Conditions:
Long Entry: Triggered when EMA 9 crosses above EMA 21 (bullish crossover) and Stochastic RSI is below the oversold threshold (default: 20).
Short Entry: Triggered when EMA 9 crosses below EMA 21 (bearish crossover) and Stochastic RSI is above the overbought threshold (default: 80).
Positions are closed when the opposite signal occurs.
Customization Options:
Adjust EMA and Stochastic RSI lengths to suit your trading preferences.
Modify overbought and oversold levels for different market conditions.
Visualization:
Plots EMA 9 and EMA 21 directly on the price chart for trend analysis.
Displays Stochastic RSI in a separate panel for clear visualization of overbought/oversold zones.
This strategy is designed for educational and testing purposes. Use it as a foundation for further backtesting and adapting to your trading approach.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!