Structured zigzag support&resistance [LM]Hello Traders,
I would like to introduce you Structured zigzag support&resistance. It is based on the ZigZag semafor script made by DevLucem so shout out to him
The indicator is used to spot future multi-level Supports and Resistance zones. It is also useful to spot HL or LL or HH or LH zones
I's the same zigzag indicator as my other zigzag indicator with highlight on diagonal lines(highs and lows are automatically classified and also new types of diagonal lines that connects low or highs and extends to right are drawn )
It has two settings:
Fist is to control horizontal lines and zigzag setting
Second is to control diagonal lines
I hope you will enjoy it as I enjoyed to write it.
Lukas
ניתוח גל
Elliott Wave 3 FinderThis script will attempt to find the location of the third wave in the Elliot Wave Theory. The bars will become highlighted when possible wave 3 criteria is met. Multiple bars in a row may have a painted background. The point at which the bars are no longer painted will potentially be at or near the end of wave 3.
The background paints a baby blue for wave 3s in an overall uptrend, and pink for downtrends.
Wave Strength Oscillator By CryptoScriptsThe Wave Strength Oscillator uses a combination of wave strength and momentum to help catch the best entries for reversals and does so using a few methods. I'm currently using the 1h timeframe for BTC but feel free to experiment on different timeframes to see what works best for you. In the description below, I'll go over each signal, how it's derived, and how to use them!
Oversold (Green shaded area) - The oversold indication appears whenever both oscillators are oversold and is usually a good indicator that a reversal to the upside is around the corner (at least for a short period). Be advised these are the weakest of the three signals so I recommend using this signal with other indicators.
Overbought (Red shaded area) - The overbought indication appears whenever both oscillators are overbought and is usually a good indicator that a reversal to the downside is around the corner (at least for a short period). Be advised these are the weakest of the three signals so I recommend using this signal with other indicators.
Green Diamond - The green diamonds indicate whenever one or both of the oscillators are oversold AND they are both outside of the bollinger bands which is great for catching reversals to the upside (as seen in the chart). These may come two or three at a time so it may be best to wait until they have all printed before entering.
Red Diamond - The red diamonds indicate whenever one or both of the oscillators are overbought AND they are both outside of the bollinger bands which is great for catching reversals to the downside (as seen in the chart). These may come two or three at a time so it may be best to wait until they have all printed before entering.
Rocket - The rocket symbol occurs whenever BOTH oscillators are oversold and BOTH oscillators are outside of the bollinger bands. This is great for catching reversals to the upside but may come two or three at a time so it may be best to wait until they have all printed before entering.
Red Alarm - The red alarm symbol occurs whenever BOTH oscillators are oversold and BOTH oscillators are outside of the bollinger bands. This is great for catching reversals to the downside but may come two or three at a time so it may be best to wait until they have all printed before entering.
Input Options
Show Histogram - I also included a Histogram in the indicator to help gauge the level of buys/sell strength but kept it hidden for the default levels (i.e a green diamond with a red histogram bar is usually a good sign a reversal is about to happen to the upside whereas a green diamond with a green histogram bar may indicate a false reversal and there's still more room to the downside until a red bar appears. Always backtest this!)
Show Overbought/Oversold Levels - This is if you want to ignore all of the green/red shaded areas and only focus on the diamonds and rocket/alarm signals
Wave Overbought/Oversold Levels - Free free to change to value of the overbought/oversold levels to change where the green/red shades areas print
Momentum Overbought/Oversold Levels - Free free to change to value of the overbought/oversold levels to change where the green/red shades areas print
Histogram Length - This will not change anything with the signals but I included it so you can change the visuals if it helps you
Momentum Length - This will change where the signals plot
Momentum Signal - This only changes the yellow signal line and nothing else. It's not incorporated into any equation
Average Length - This will change where the signals plot
Alerts
I've set alerts on this indicator for each icon (Oversold, Overbought, Green Diamond, Red Diamond, Rocket, Red Alarm). I HIGHLY recommend setting the alerts for Candle Close so that you can be sure the signal is confirmed.
You may notice that the indicator can give multiple signals back-to-back or be overbought/oversold for multiple candles. When this happens, it's best to look at other indicators such as the RSI , MFI Pro, etc to nail the best entry and have confluence with your decision. With that said, having multiple signals back-to-back can also be an indication that the move is close to happening. This indicator works with crypto and stocks as well.
If you have any questions or would like to purchase this indicator, please comment below or PM me. I also made a video tutorial for the indicator on my Youtube channel (link is next to my profile pic)
Be advised past performance is not indicative of future returns. Backtest EVERY timeframe and NEVER blindly take signals! Also, never invest more than you can afford to lose.
Enjoy :)
Squeeze Momentum Indicator + 2.0This is a squeeze momentum oscillator with ADX-RSI, Elliot waves oscillator, HMA background and more.
I recommend configure ADX-RSI with the following settings:
-ADX Length = 14
-ADX smooth = 14
-RSI Length = 14
-Threshold = 15
-Upline = 70
-Downline = 30
Thanks to OskarGallard for develop this indicator.
I am Sc4lp1ng, the developer of EMA MTF cloud and TSI-ADX Histogram.
FxCanli Price ActionEN - FxCanli TradingView Price Action indicator can draw and alert at;
Break of Structure (BOS),
Change of Character (CHoCH),
Liquidity,
Order Block,
Power Zone.
TR - FxCanli TradingView Price Action indikatörü grafiklerinizde;
Break of Structure (BOS)
Change of Characte (CHoCH)
Liquidity
Order Block
Power Zone seviyelerini otomatik olarak çizer ve alarm verir.
FEATURES & EXAMPLES / ÖZELLİKLER & ÖRNEKLER
**************************************************************
Market Structure;
EN - You can easly follow market structure, Up Trend with green waves, Down trend with Red waves
TR - Market yapısını kolayca takip edebilirsiniz. Yukarı trendi yeşil dalgalar ile, Aşağı trendi kırmızı dalgalar ile.
Change of Character (CHoCH)
*************************************
EN - Shows trend reversals
TR - Trend dönüşümlerini gösterir
Break of Structure (BOS)
******************************
EN - Shows trend continuations
TR - Devam eden trendleri gösterir
Liquidity
***********
EN - Shows Liquidity levels
TR - Likidite seviyelerini gösterir
Order Block
***************
EN - Shows Order Block levels which is a technical analysis technique that tracks the accumulation of orders (when bullish) and distribution of orders (when bearish) of banks and institutional traders.
TR - Bankaların ve kurumsalların emir birikimini (yükseliş olduğunda) ve emir dağılımını (düşüş olduğunda) Order Block olarak gösterir.
PopGun Trading, PG Pattern DetectorPopGun Bar Pattern Strategy
PG Trading
The indicator does the following:
It detects the Outside Bar, the smaller inside Bar and the 3rd Pop Gun that is bigger, than the inside Bar.
When the Pop Gun was detected, the indicator will calculate 3 targets for long and short trades.
In our understanding, a Pop Gun is neutral. The next candles after the Pop Gun will decide if the PG breakout is bullish or bearish.
So if one of the next candles after the PG is breaking the high or low of the PG Candle, this is a breakout confirmation and can traded long or short.
We are using the PG Indicator for Stock, Futures and Index Trading.
The Script uses 3 targets per default, but you can extend the target dots up to 6.
If you want to see the targets in plain text, you can activate the PG Box.
The targets are calculated really easy: Just the height of the candle multiplied with 1, 2 and 3 (4,5 and 6 additionally). In some communities there is an ATR calculation for more extended targets but it seems, that the ATR Calculation will sometimes lead to unreachable targets if the ATR is really high intraday...
We trade PopGuns starting at M15 chart. I think PGs smaler than M15 are not worth a trade...
Maybe i will add the ATR Function in the future just to compare the 2 ways to calculate PG targets. We are really doing well with 1,2,3 targets based on the PG Candle size. (Low to High).
Please leave a comment if you have some feature requests or input to make this the best Pop Gun Indicator in Trading View ;-)
Volume spread analysis V1 (RT)Volume Spread Analysis is a method used by professional traders to identify the Smart money's activities (Institutional Traders) in the markets based on Price and Volume data. and it is considered to be one of the best technical analysis compared to all forms of trading since it is not prone to smart money manipulation but the method itself is to identify the smart money's activity in any markets.
Volume plays an important role in trading since it is used to identify the Smart trader's activity in the markets and it can play a crucial role when it comes to identifying accurate Chart patterns and levels with entries and exits.
Important Features included in this indicator:-
1. Volume Spread Analysis signals to identify SOS (Signal of strength) and SOW (Signal of weakness).
2. Potential Volume zones to identify important levels of Smart money.
3. Gap up and Gap Down Levels to identify the irregular gaps and corrections in the markets.
4. Added Historic signals and other parameter options in the settings.
5. Effort VS Result Option included.
6. Volume Waves, Also known as Cumulative Volume to identify Effort vs result and Buyers/Seller's Activity in the markets.
7. Multiple Options to change the colors of various indicators included.
8. The indicator also consists VWAP option which can be used as POC on Day Trading.
Please note that this indicator will be developed with time as we will constantly be adding more VSA signals in the upcoming days and we are constantly working on the quality of the indicator.
YouTube:- www.youtube.com
Feel Free to reach us via our WhatsApp number +91 9964982366 and provide us with your valuable feedback and ideas for the development of our indicators.
WaveTrend with Crosses [LazyBear]Here we can more clearly see the correlation between the WaveTrend indices
RSI Divergence Scanner by zdmreDivergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
If the stock is rising and making new highs, ideally the RSI is reaching new highs as well. If the stock is making new highs, but the RSI starts making lower highs, this warns the price uptrend may be weakening. This is negative divergence.
Positive divergence is the opposite situation. Imagine the price of a stock is making new lows while the RSI makes higher lows with each swing in the stock price. Investors may conclude that the lower lows in the stock price are losing their downward momentum and a trend reversal may soon follow.
Divergence is one of the common uses of many technical indicators, primarily the oscillators.
Use it at your own risk
CyCLOPECyCLOPE - CYCLe OPErator
by Antonio Pace 2022
All right reserved
The script uses time series decomposition tecniques for decompose the price signal into 10 harmonics waves of increasing
period and wavelength, the sum of which is the signal itself, to eliminate background noise and show a cleaner signal.
Also divides the high frequencies (secondary, short period trend) from the primary trend (long period trend),
which is composed of low frequencies, and show both separately.
Find highs and lows and indicate possible trend reversals, and favorable entry or exit points.
T0 is the basic harmonic with period 8 Time Unit (TU) of the current timeframe.
T1 has a double period compared to T0, T2 has a double period compared to T1 and so on.
The script composes the primary trend by adding the First 5 harmonics of the longer period (T7 + T6 + T5 + T4 + T3), therefore of low frequency.
This eliminates the noise (short-term retracements) from the main trend.
Similarly, it reconstructs the secondary trend (a possible retracement of a primary trend) by adding the two harmonics with the high frequency (T2 + T1)
T0 the harmonic with highest frequency it is too noisy for this TimeFrame and is left out.
The script then identifies the maximums and minimums of the primary trend and the secondary trend, indicating possible trend reversal points or favorable entry points in a continuing trend.
The script finds the maxima and minima of the reconstructed signal so as to have as little noise as possible.
The reconstructed signal is shown on the screen. The blue line for the long term trend and the orange line for the short time trend.
If the cloud changes from red to green, it means that a local minimum has formed on the main tred, we are in the presence of a possible bullish inversion.
If the cloud turns from green to red then a local high has formed, a bearish trend reversal may have started.
The line on the cloud represents the subtrend instead.
If the line goes from green to red it has formed a maximum and if it goes from red to green it has formed a minimum.
For instance:
If the line is red and the cloud becomes red we are in the presence of a possible inversion and the beginning of a bearish trend.
I exit the long position and into the short position.
Similarly If the cloud is red and the line is green it means that I have a rising subtrend in a bearish dominate trend.
If the line turns red I have a bearish entry point.
If the cloud turns green the low of the subtrend has also become a low of the main trend, a bullish trend has started.
The script is designed to run on a daily timeframe, but it should work on any timeframe provided there are enough Time Units (1024 TU) in the past.
Minimum usable timeframe: 8h, at shorter timeframes the signal becomes indistinguishable from noise.
when the main trend and the sub-trend have the same magnitude, that is, the line and the cloud have the same size, but different color the noise prevails,
there is no valid information.
Wait for them to become the same color to enter the market again.
Once you have chosen the timeframe and asset on which to operate, select the harmonics to compose the main trend and those to compose the secondary trend
so that the indicator matches as much as possible with the real results.
Looking for the right balance between signal and noise and then continuing to use these settings, for this specific timeframe.
if you don't want have both Long Term and Short Trend trend on screen you can hide the short therm and add is harmonic to LongTime trend
in these case gren cloud indicate long and red color indicate short.
VERY IMPORTANT!
THE LONG TERM TREND DOMINATE OVER THE SHORT TERM TREND EXCEPT WHERE BOTH HAVE SAME MAGNITUDE.
The short term trend describe price retracemet over long term trend,
enter to market only when both have the same color.
Use short therm trend to find maximum or minimum of retracement.
FIND AND USE THE MINIMUM NUMBER OF WAVE PER TREND, THE RISK IS OVER FITTING THE PRICE LINE AND CREATE CONFUSION.
THE SCRIPT WORK BEST FOR DAILY TIMEFRAME AND COME CONFIGURED FOR THIS.
Support and Resistance Multiperiod (Zig Zag Based)Support and Resistance Multiperiod (Zig Zag Based)
What is the indicator?
• The indicator is a multi period (up to 5 lengths) Support and Resistance indicator calculated based on Zig Zag.
Who can use?
Scalpers to Long term investors
What timeframe to use?
• Any timeframe
What are the lines?
• Green lines are Support levels.
• Orange lines are Resistance levels.
How to use?
• Buy Low and Sell High.
• Brighter zones means strong Support or Resistance.
• Weaker zones appear lighter.
• Brighter zones are formed by overlapping of lines from multiple levels of support or resistance.
Indicator Menu
• The indicator can input 5 different Lengths.
• The default settings uses 13, 21, 52, 100 & 200.
• Every option are customizable.
XPace* XPACE INDICATOR *
The XPace indicator represents a histogram view of the Tape Speed of the Floor. The Tape Speed (aka Pace) is represented as red and green bars drawn in a histogram view.
As the red histogram bars grow larger and increase in frequency, this shows that the BIDS are in kontrol at that time. And conversely, when the green histogram bars grow larger and instead in frequency, this shows that the OFFERS are in kontrol.
Weighing in whether the BIDS or OFFERS are in kontrol can be a helpful indicator to decide what direction the market could move in.
What is helpful about XPace is that it will show you the raw value of the BID and OFFER kontrol. This can be combined with XKontrol which will classify the kontrol as either Initial, Strong, and Total. Using these 2 indicators combined has added value.
* WHAT MAKES IT ORIGINAL *
Up to this point, there is not another indicator that represents the BIDS and OFFERS that correlate and represent the Tape Speed of the Floor.
* XKONTROL INDICATOR *
The other indicator on this chart is XKontrol, as shown as dots of varying sizes on the chart. The dots are a visual representation of who is in Kontrol relative to the Tape Speed of the Floor. The XKontrol indicator will show you who is in Kontrol, the BIDS or the OFFERS. This is a very powerful indicator. Great for long term plays and a *SCALPERS* paradise.
The XKontrol indicator reads the BIDS Being hit and the OFFERS being lifted, and then represents the strength of the Bids being hit and Offers being lifted as dots on the chart. The various dot sizes produced by XKontrol show the level of control the Bids or the Offers have at that point of time in the chart.
As the Dots grow larger, the level of Kontrol is increased. There are 3 dot sizes ranging from Small, Medium, and Large. Respectively they represent Intial Kontrol, Strong Kontrol, and Total Kontrol. Total Kontrol is achieved when either the BIDS or the OFFERS are dominating at the time. This is generally the direction you want to place your trades in and show that either the Bids or the Offers are flooding the market.
As the BID dots increase in frequency and in size this shows that the BIDS are in kontrol and dominating. Vice versa, when the OFFER dots increase in frequency and in size this shows that the offers are in kontrol and dominating. When you see the large dot that is generally a strong sign of the direction price may go. However, it also can be climactic and price could reverse. That would symbolize a case of Effort / No Result. For Example, when the BIDS are in Kontrol and dominating, make a lower low, and then price quickly reverses, it could symbolize a climax.
Usually XKontrol is used in conjunction with XPace, as XKontrol deciphers the Tape Speed of the Floor and draws graphical dots to show whether the BIDS or the OFFERS are dominating right on the chart. Reading XPace will show visually in the histogram the strength of the BID and OFFER Kontrol in the histogram.
* XKONTROL ALERTS *
Alerts can be set very easily with the instructions below.
1. Right Click Chart -> Add Alert...
2. Select Condition to be "XKontrol"
3. Select any level of Kontrol. For example you can Select "Offers Total Kontrol"
4. Select "Greater Than" with Value = 0
5. Options set "Once Per Bar Close" to only fire alert after bar closes
6. Customize Any other Alert Options you want
* EXAMPLE AND USE CASES *
Some practical examples of using XKontrol + XPace combined could be the following:
1. XKontrol Large Green Dot + XPace Large Green Bar could be that the OFFERS have gained total kontrol and are dominating against the Bids. Once would want to watch for higher prices to be potentially reached after that.
2. XKontrol Small Red Dot + XPace Large Red Bar could be that there was a lot of effort on behalf of the BIDS, but they failed to achieve any significant kontrol. The small red dot in XKontrol represents only initial kontrol which is weak kontrol. An application would be to watch for a potential break out on the up side and that will confirm that the BIDS overexerted their effort and was oversold.
3. XKontrol Red and Green Dots mixed could show that it has not been decided whether the BIDS or OFFERS are dominating and the outlook is neutral. If the XPace histogram bars don't stand out either, it would add another point for a neutral analysis.
* AUTHOR *
This script is published by MBoxWave LLC
rzigzagLibrary "rzigzag"
Recursive Zigzag Using Matrix allows to create zigzags recursively on multiple levels. After bit of consideration, decided to make this public.
zigzag(length, ohlc, numberOfPivots, offset)
calculates plain zigzag based on input
Parameters:
length : Zigzag Length
ohlc : Array containing ohlc values. Can also contain custom series
numberOfPivots : Number of max pivots to be returned
offset : Offset from current bar. Can be used for calculations based on confirmed bars
Returns:
nextlevel(zigzagmatrix, numberOfPivots)
calculates next level zigzag based on present zigzag coordinates
Parameters:
zigzagmatrix : Matrix containing zigzag pivots, bars, bar time, direction and level
numberOfPivots : Number of max pivots to be returned
Returns: matrix zigzagmatrix
draw(zigzagmatrix, newPivot, doublePivot, lineColor, lineWidth, lineStyle, showLabel, xloc)
draws zigzag based on the zigzagmatrix input
Parameters:
zigzagmatrix : Matrix containing zigzag pivots, bars, bar time, direction and level
newPivot : Flag indicating there is update in the pivots
doublePivot : Flag containing there is double pivot update on same bar
lineColor : Zigzag line color
lineWidth : Zigzag line width
lineStyle : Zigzag line style
showLabel : Flag to indicate display pivot labels
xloc : xloc preference for drawing lines/labels
Returns:
draw(length, ohlc, numberOfPivots, offset, lineColor, lineWidth, lineStyle, showLabel, xloc)
calculates and draws zigzag based on zigzag length and source input
Parameters:
length : Zigzag Length
ohlc : Array containing ohlc values. Can also contain custom series
numberOfPivots : Number of max pivots to be returned
offset : Offset from current bar. Can be used for calculations based on confirmed bars
lineColor : Zigzag line color
lineWidth : Zigzag line width
lineStyle : Zigzag line style
showLabel : Flag to indicate display pivot labels
xloc : xloc preference for drawing lines/labels
Returns:
drawfresh(zigzagmatrix, zigzaglines, zigzaglabels, lineColor, lineWidth, lineStyle, showLabel, xloc)
draws fresh zigzag for all pivots in the input matrix.
Parameters:
zigzagmatrix : Matrix containing zigzag pivots, bars, bar time, direction and level
zigzaglines : array to which all newly created lines will be added
zigzaglabels : array to which all newly created lables will be added
lineColor : Zigzag line color
lineWidth : Zigzag line width
lineStyle : Zigzag line style
showLabel : Flag to indicate display pivot labels
xloc : xloc preference for drawing lines/labels
Returns:
XKontrol* XKONTROL INDICATOR *
Is a visual representation of who is in Kontrol relative to the Tape Speed of the Floor. The XKontrol indicator will show you who is in Kontrol, the BIDS or the OFFERS. This is a very powerful indicator. Great for long term plays and a *SCALPERS* paradise.
* WHAT THE SCRIPT DOES *
The XKontrol indicator reads the BIDS Being hit and the OFFERS being lifted, and then represents the strength of the Bids being hit and Offers being lifted as dots on the chart. The various dot sizes produced by XKontrol show the level of control the Bids or the Offers have at that point of time in the chart.
* HOW IT WORKS *
As the Dots grow larger, the level of Kontrol is increased. There are 3 dot sizes ranging from Small, Medium, and Large. Respectively they represent Intial Kontrol, Strong Kontrol, and Total Kontrol. Total Kontrol is achieved when either the BIDS or the OFFERS are dominating at the time. This is generally the direction you want to place your trades in and show that either the Bids or the Offers are flooding the market.
* HOW TO USE IT *
As the BID dots increase in frequency and in size this shows that the BIDS are in kontrol and dominating. Vice versa, when the OFFER dots increase in frequency and in size this shows that the offers are in kontrol and dominating. When you see the large dot that is generally a strong sign of the direction price may go. However, it also can be climactic and price could reverse. That would symbolize a case of Effort / No Result. For Example, when the BIDS are in Kontrol and dominating, make a lower low, and then price quickly reverses, it could symbolize a climax.
Usually XKontrol is used in conjunction with XPace, as XKontrol deciphers the Tape Speed of the Floor and draws graphical dots to show whether the BIDS or the OFFERS are dominating right on the chart. Reading XPace will show visually in the histogram the strength of the BID and OFFER Kontrol in the histogram.
* WHAT MAKES IT ORIGINAL *
Up to this point, there is not another indicator that shows BID and OFFER Kontrol on the chart, that correlates and represents the Tape Speed of the Floor.
* XKONTROL ALERTS *
Alerts can be set very easily with the instructions below.
1. Right Click Chart -> Add Alert...
2. Select Condition to be "XKontrol"
3. Select any level of Kontrol. For example you can Select "Offers Total Kontrol"
4. Select "Greater Than" with Value = 0
5. Options set "Once Per Bar Close" to only fire alert after bar closes
6. Customize Any other Alert Options you want
* XPACE INDICATOR *
The other indicator on the chart shown in the Histogram is called XPace. It represents a histogram view of the Tape Speed of the Floor. It correlates to XKontrol, but instead of Dots will draw histogram bars showing the extent of the BID or OFFER Control.
As the red histogram bars grow larger and increase in frequency, this shows that the BIDS are in kontrol at that time. And conversely, when the green histogram bars grow larger and instead in frequency, this shows that the OFFERS are in kontrol.
Weighing in whether the BIDS or OFFERS are in kontrol can be a helpful indicator to decide what direction the market could move in.
What is helpful about XPace is that it will show you the raw value of the BID and OFFER kontrol whereas XKontrol will classify the kontrol as either Initial, Strong, and Total. Using these 2 indicators combined has added value.
* EXAMPLE AND USE CASES *
Some practical examples of using XKontrol + XPace combined could be the following:
1. XKontrol Large Green Dot + XPace Large Green Bar could be that the OFFERS have gained total kontrol and are dominating against the Bids. Once would want to watch for higher prices to be potentially reached after that.
2. XKontrol Small Red Dot + XPace Large Red Bar could be that there was a lot of effort on behalf of the BIDS, but they failed to achieve any significant kontrol. The small red dot in XKontrol represents only initial kontrol which is weak kontrol. An application would be to watch for a potential break out on the up side and that will confirm that the BIDS overexerted their effort and was oversold.
3. XKontrol Red and Green Dots mixed could show that it has not been decided whether the BIDS or OFFERS are dominating and the outlook is neutral. If the XPace histogram bars don't stand out either, it would add another point for a neutral analysis.
* AUTHOR *
This script is published by MBoxWave LLC
Cipher B divergencies for Crypto (Finandy support)Hello Traders!
In times of high volatility, it is important to follow a market-neutral strategy to protect your hard-earned assets. The simple script employs common buy/sell and/or divergencies signals from the VuManChu Cipher B indicator with fixed stop losses and takes profits. The signals are filtered by a local trend of a coin of interest and the global trend of Bitcoin. These trends-filtered signals demonstrated better performance on most of the back- and forward- tests for USDT cryptocurrency futures. The strategy is based on my real experience, it's a diamond I want to share with you.
In terms of visualization if the background is red and the price is below the yellow line then only a short position can be opened. Conversely, if the price is above the yellow line AND the background is green only a long position can be opened.
Inputs from VuManChu you can find on the top. Frankly, I do not know how they can help you to improve the performance of the strategy. My inputs of the script you can find in "Trend Settings" and "TP/SL Settings" at the bottom.
The checkbox "Only divergencies" lets to broadcast only more reliable buy/sell signals for a cost of rare deals.
The checkbox "Cancel all positions if price crosses local sma?" makes additional trailing stop loss. Usually, this function increases the win rate by "smoothing" the risk/reward ratio, as a usual stop loss does.
You can tune SL/TP based on backtesting.
To connect the script to Finandy just edit "name" and "secret" to connect your webhook (see the bottom of the script).
The rule of thumb for the strategy is "only divergencies" - ON, high reward/risk (TP/SL) ratio, 5 min timeframe on chart help with performance.
Finally, I am looking forward to feedback from you. If you have some cool features for my script in your mind, do not hesitate to leave them in the comments.
Good luck!
.236 FIB Extension ToolThis is a simple FIB extension tool that pulls from the start of a wave to the end of the wave. It extends FIB levels beyond the first wave making the assumption that the first wave was between 0.0 and .236 FIB levels. This often works as support and resistance in a multi-wave move. I see the price get to .65 or .786 often after clearing the initial .236 level. This works on any timeframe.
Double Zig Zag with High Low Prints for NimblerTA-FSTOREDouble Zig Zag is used for Marking the Highs and Lows to Help us in Trading and is important part of NimblerTA. Nimblerites use it on Daily Basis!
tops/bottomsThe script gives market tops and bottoms.
How to use:
-In an uptrend market condition - the bottoms signifies the extent of price pullback and can be used for going long after bottoms
-In an downtrend market condition - the tops signifies the extent of price pullback and can be used for going short after tops
-In a range bound market condition - both tops and bottoms signifies the extent of price extremes in the range channel and can be used for going long after bottoms and going short after tops.
This script is designed after a heavy research done on fibonacci numbers and moving averages where 13 acts as the best reversal point of tops and bottoms, if the market goes beyond it we can adjust period with the next fibonacci numbers ie 21,34,55 etc. to know about the next turning point and trade accordingly.
Volume Profile, Pivot Anchored by DGTVolume Profile (also known as Price by Volume ) is an charting study that displays trading activity over a specified time period at specific price levels. It is plotted as a horizontal histogram on the finacial isntrumnet's chart that highlights the trader's interest at specific price levels. Specified time period with Pivots Anchored Volume Profile is determined by the Pivot Levels, where the Pivot Points High Low indicator is used and presented with this Custom indicator
Finally, Volume Weighted Colored Bars indicator is presneted with the study
Different perspective of Volume Profile applications;
Anchored to Session, Week, Month etc : Anchored-Volume-Profile
Custom Range, Interactive : Volume-Profile-Custom-Range
Fixed Range with Volume Indicator : Volume-Profile-Fixed-Range
Combined with Support and Resistance Indicator : Price-Action-Support-Resistance and Volume-Profile
Combined with Supply and Demand Zones, Interactive : Supply-Demand-and-Equilibrium-Zones
Disclaimer : Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
NhaDuHanhFX - Gann SwingsThe swings indicator follows the smallest movements of price action. Can monitor and analyze the context of the market, trying to find bias of each timeframe.
If there is a candlestick completely above the previous swinghigh. It shows a good bullish momentum. The market is favoring the upward direction. If the candlestick is still in the previous swinghigh range, it shows a weak bullish momentum. The market is reluctant to go up.
If there is a candlestick completely below the previous swinglow. It presents a good bearish momentum. The market is favoring the downward direction. If the candlestick is still in the previous swinglow range, it shows a weak bearish momentum. The market is reluctant to go down.
Wavelet Trade StrategyThe strategy was based on Wavelet and Trend to find a small wave trade :
Wavelet Concepts
A wavelet is a wave-like oscillation with an amplitude that begins at zero, increases or decreases, and then returns to zero one or more times. Wavelets are termed a "brief oscillation".
1. A price of wavelets has been established, based on the bar and direction of its pulses.
2. Wavelet uses transforms to decompose the price and time series data.
3. Then, the obtained approximation and detail components after decomposition are used to forecast future prices.
What it does :
In each small wave, find potential high and low. filter by trend to know higher high or lower low and trade by this strategy.
you could not buy the bottom and sell the top every time, but is close in local range by a small wave.
How it does it :
The wavelet can be used to analyze waves in space and reduce noise, while retaining the important components. Whenever the ADX falls below a certain threshold, a bottom blue line will appear. It means the price is into range, otherwise trend.
How to use it :
The recommended time frame is less than 12 hours.
Set parameters to fine tune your strategy.
Use SL/TP as part of your strategy, and change date to find the most weak time.
Default parameter is for BTC fine tune :
The performance overview is from 2021-01-01 to 2022-05-30.
