Squeeze Momentum Pro [15-Min Dashboard]🌟 Indicator Description: Squeeze Momentum Pro 🌟
Hello, trader! 👋 This indicator is designed to help you spot trading opportunities on the 15-minute chart with clear and easy-to-understand signals. Here’s how it works:
🚀 What Does This Indicator Do?
Identifies Consolidation and Expansion Periods:
When the market is in consolidation (quiet and trendless), the indicator shows a blue background with the message "Squeeze On: Wait" 🕒. It’s time to relax and wait!
When the market breaks out of consolidation (expansion), the background turns orange, and you’ll see a clear signal: "Squeeze Off" 🚨. Time to take action!
Measures Momentum:
The indicator calculates momentum (the strength of price movement) and displays it in a histogram:
Green 📈: Positive momentum (price tends to go up).
Red 📉: Negative momentum (price tends to go down).
Provides Trading Signals:
If the market exits the squeeze (Squeeze Off) and momentum is positive, you’ll see the message "Buy" ✅ with a green background. It’s a signal to go long!
If the market exits the squeeze (Squeeze Off) and momentum is negative, you’ll see the message "Sell" ❌ with a red background. It’s a signal to go short!
Measures Volatility:
The indicator includes the ATR (Average True Range) value, which tells you how much the market is moving. A high ATR means higher volatility, confirming the strength of the signal.
Shows the Trend:
On the dashboard, you’ll see whether the trend is bullish 🐂 or bearish 🐻, helping you confirm the market direction.
📊 How to Use the Indicator
Wait for Squeeze On:
When the background is blue and says "Squeeze On: Wait", the market is consolidating. Sit back and relax! 🕒
Act on Squeeze Off:
When the background turns orange and says "Squeeze Off", get ready to trade:
If momentum is positive (green) and says "Buy", look for a long opportunity ✅.
If momentum is negative (red) and says "Sell", look for a short opportunity ❌.
Confirm with Volatility:
Check the ATR value on the dashboard. A high ATR means the market is moving strongly, making the signal more reliable.
Follow the Trend:
If the trend is bullish 🐂, prioritize buy signals.
If the trend is bearish 🐻, prioritize sell signals.
💡 Tips to Maximize Your Profits
Use Stop-Loss and Take-Profit:
Place a stop-loss to protect your capital and a take-profit to lock in gains. For example:
Stop Loss: 1.5 x ATR
Take Profit: 2 x ATR
Combine with Other Tools:
Use this indicator alongside support/resistance levels or moving averages to confirm signals.
Stay Disciplined:
Don’t trade during Squeeze On (blue background). Wait for the market to break out of consolidation before taking action.
🌈 Why Is This Indicator Special?
Clear and Visual Signals 🎯: With easy-to-understand colors and messages, you’ll never miss an opportunity.
Optimized for 15-Minute Charts ⏱️: Designed to capture quick and profitable moves in the short term.
Includes Volatility and Trend 📊: Gives you all the information you need at a glance.
🚨 Important Reminder!
No indicator is perfect. Always use proper risk management and never risk more than you can afford to lose. Trading is a marathon, not a sprint! 🏁
Now you’re ready to use the Squeeze Momentum Pro and make smarter trading decisions! Good luck, and happy trading! 🚀💰
图表形态
Advanced Strategy: Buy and Sell//@version=5
indicator("Advanced Strategy: Buy and Sell", overlay=true)
// User Inputs
ema_fast_length = input.int(12, title="EMA Fast Period")
ema_slow_length = input.int(26, title="EMA Slow Period")
rsi_period = input.int(14, title="RSI Period")
macd_fast = input.int(12, title="MACD Fast Period")
macd_slow = input.int(26, title="MACD Slow Period")
macd_signal = input.int(9, title="MACD Signal Period")
bb_length = input.int(20, title="Bollinger Bands Period")
bb_mult = input.float(2.0, title="Bollinger Bands Std Dev")
adx_period = input.int(14, title="ADX Period")
adx_threshold = input.int(20, title="Minimum ADX for Trend Validation")
// Indicator Calculations
ema_fast = ta.ema(close, ema_fast_length)
ema_slow = ta.ema(close, ema_slow_length)
rsi = ta.rsi(close, rsi_period)
= ta.macd(close, macd_fast, macd_slow, macd_signal)
= ta.bb(close, bb_length, bb_mult)
// ADX Calculation
true_range = ta.rma(ta.tr, adx_period)
plus_dm = ta.rma(ta.change(high) > ta.change(low) ? math.max(ta.change(high), 0) : 0, adx_period)
minus_dm = ta.rma(ta.change(low) > ta.change(high) ? math.max(ta.change(low), 0) : 0, adx_period)
plus_di = (plus_dm / true_range) * 100
minus_di = (minus_dm / true_range) * 100
dx = math.abs(plus_di - minus_di) / (plus_di + minus_di) * 100
adx = ta.rma(dx, adx_period)
// Buy Rules
buy_signal = ta.crossover(ema_fast, ema_slow) and rsi < 50 and macd_line > signal_line and close < bb_lower and adx > adx_threshold
// Sell Rules
sell_signal = ta.crossunder(ema_fast, ema_slow) and rsi > 50 and macd_line < signal_line and close > bb_upper and adx > adx_threshold
// Plot Indicators on the Chart
plot(ema_fast, color=color.green, title="EMA Fast")
plot(ema_slow, color=color.red, title="EMA Slow")
plot(bb_upper, color=color.orange, title="Bollinger Upper Band")
plot(bb_lower, color=color.orange, title="Bollinger Lower Band")
// Buy and Sell Signals
plotshape(buy_signal, style=shape.labelup, location=location.belowbar, color=color.green, size=size.small, title="Buy Signal")
plotshape(sell_signal, style=shape.labeldown, location=location.abovebar, color=color.red, size=size.small, title="Sell Signal")
// Alerts
alertcondition(buy_signal, title="Buy Alert", message="Buy Signal Detected!")
alertcondition(sell_signal, title="Sell Alert", message="Sell Signal Detected!")
VolatilityFlex Dynamic [CodeNeural]Volatility levels for tracking weekend price potential.
Load up and enjoy
GOLDEN Trading System by @thejamiulGolden Pivot by thejamiul is the ultimate trading companion, meticulously designed to provide traders with precise and actionable market levels for maximizing trading success. With its innovative blend of pivot systems, high/low markers, and customizable features, this indicator empowers you to execute trades with accuracy and confidence.
Source of this indicator : This indicator is based on @TradingView original pivot point ( pivot point standard ) indicator with lot of custom and added features to identify breakouts. Bellow detail list of features with explanations.
What Makes Golden Pivot Unique?
This indicator integrates multiple pivot methodologies and key levels into one powerful tool, making it suitable for a wide variety of trading strategies. Whether you're into breakout trading, virgin trades, or analyzing market trends, Golden Pivot Pro v5 has got you covered.
Key Features:
Camarilla Pivots:
Calculates H3, H4, H5, L3, L4, and L5 levels dynamically.
Helps identify strong support and resistance zones for reversal or breakout opportunities.
Floor Pivots:
Classic pivot point along with BC (Bottom Center) and TC (Top Center) levels for intraday and swing trading setups.
Multi-Timeframe High/Low Levels:
Plots static high/low markers for yearly, monthly, weekly, and daily timeframes.
Provides clarity on major market turning points and breakout zones.
Close Price Levels:
Highlights yearly, monthly, weekly, and daily close prices to aid in understanding market bias.
Custom Timeframe Selection:
Flexibly choose daily, weekly, monthly, or yearly pivot resolutions to suit your trading style and objectives.
Comprehensive Visualization:
Color-coded levels for quick recognition of significant zones.
Dynamic updates to adapt to changing market conditions seamlessly.
EXPONOVA:
In input tab you will get EXPONOVA, it is build with two ema and gradient colours. It is very important for trend identification because if we only use pivot, we can not tell the market direction easily. So if you use the EXPONOVA we can easily tell the market trend because when the market is in up trend the EXPONOVA will be green and when the market is in downtrend the EXPONOVA will be red. So if we use pivot and EXPONOVA together we can build a rubout strategy.
This indicator enables you to implement strategies like:
Breakout Trading: Identify critical levels where price might break out for momentum trades.
Virgin Trades: Use untouched levels for precision entries with minimal risk.
Trend Reversals: Spot overbought or oversold zones using Camarilla and Floor Pivots.
Range-Bound Markets: Utilize high/low levels to define boundaries and trade within the range.
How to Use Golden Pivot by thejamiul for High-Accuracy Trading?
1. Breakout Trading If you like breakout trading then this indicator can help you a lot, here we will only take those trade which are broke green zone or red zone. Here green zone mean H3, to H4, and red zone mean L3, L4 . If price closes above green zone then we will plan to go Long and if price closes bellow red zone then we will plan to go Short.
As you can see on the chart when price break the green zone, the market shoot up!
2. Range-Bound Trading: When market are in range bound mode, usually we fear to take trade because we don't have clear idea about major support or resistance and how to take trade in such market. But if you use this indicator it will show you the major support and resistance zone which are red and green colours in this indicator. In range bound market, market usually trade between red zone and green zone so we can trade accordingly.
GOLDEN RSI by @thejamiulGOLDEN RSI thejamiul is a versatile Relative Strength Index (RSI)-based tool designed to provide enhanced visualization and additional insights into market trends and potential reversal points. This indicator improves upon the traditional RSI by integrating gradient fills for overbought/oversold zones and divergence detection features, making it an excellent choice for traders who seek precise and actionable signals.
Source of this indicator : This indicator is based on @TradingView original RSI indicator with a little bit of customisation to enhance overbought and oversold identification.
Key Features
1. Customizable RSI Settings:
RSI Length: Adjust the RSI calculation period to suit your trading style (default: 14).
Source Selection: Choose the price source (e.g., close, open, high, low) for RSI calculation.
2. Gradient-Filled RSI Zones:
Overbought Zone (80-100): Gradient fill with shades of green to indicate strong bullish conditions.
Oversold Zone (0-20): Gradient fill with shades of red to highlight strong bearish conditions.
3. Support and Resistance Levels:
Upper Band: 80
Middle Bands: 60 (bullish) and 40 (bearish)
Lower Band: 20
These levels help identify overbought, oversold, and neutral zones.
4. Divergence Detection:
Bullish Divergence: Detects lower lows in price with corresponding higher lows in RSI, signaling potential upward reversals.
Bearish Divergence: Detects higher highs in price with corresponding lower highs in RSI, indicating potential downward reversals.
Visual Indicators:
Bullish divergence is marked with green labels and line plots.
Bearish divergence is marked with red labels and line plots.
5. Alert Functionality:
Custom Alerts: Set up alerts for bullish or bearish divergences to stay notified of potential trading opportunities without constant chart monitoring.
6. Enhanced Chart Visualization:
RSI Plot: A smooth and visually appealing RSI curve.
Color Coding: Gradient and fills for better distinction of trading zones.
Pivot Labels: Clear identification of divergence points on the RSI plot.
Gann Secert Radio AM Receiverenjoy this masterpiece from W D Gann, It indicates clear buy and sell entries by looking at the background. Every time background changes it's a buy or sell entry
Renko Chart EmulationRenko charts are a popular tool in technical analysis, known for their ability to filter out market noise and focus purely on price movements. Unlike traditional candlestick or bar charts, Renko charts are not time-based but are constructed using bricks that represent a fixed price movement. This makes them particularly useful for identifying trends and key levels of support and resistance. While Renko charts are commonly found on platforms with specialized charting capabilities, they can also be emulated in Pine Script as a line indicator.
The Renko emulation indicator in Pine Script calculates the movement of price based on a user-defined brick size. Whenever the price moves up or down by an amount equal to or greater than the brick size, a new level is plotted, indicating a shift in price direction. This approach helps traders visualize significant price moves without the distractions of smaller fluctuations. By plotting the Renko levels as a continuous line and coloring it based on direction, this indicator provides a clean and straightforward representation of market trends.
Traders can use this Renko emulation line to identify potential entry and exit points, as well as to confirm ongoing trends. The simplicity of Renko charts makes them a favorite among those who prefer a minimalist approach to technical analysis. However, it is essential to choose an appropriate brick size that aligns with the volatility of the trading instrument. A smaller brick size may result in frequent signals, while a larger one can smooth out the chart, focusing only on the most substantial price movements. This script offers a flexible solution for incorporating Renko-style analysis into any trading strategy.
FVG Tap with EMA Confirmation and Dynamic Stop Loss & Targettesting fvg and ema cross watch macd and rsi before entering
RY-Parabolic Stop and ReverseParabolic Stop and Reverse with Support Resistance (PSAR-SR)
Identify dynamic support and resistance levels based on price movements.
Reduce false signals often generated by the regular PSAR.
Provide more accurate trading decisions by considering previous reversal points as support and resistance.
How Does PSAR-SR Work?
PSAR Reversal Points:
When the regular PSAR generates a reversal signal, the price at that reversal point is used as support (in an uptrend) or resistance (in a downtrend).
Support and Resistance Lines:
Support: A line drawn from the previous PSAR reversal point in an uptrend.
Resistance: A line drawn from the previous PSAR reversal point in a downtrend.
Price often moves sideways between these support and resistance levels before a breakout occurs.
Breakout Above/Below Support and Resistance:
A Buy signal is generated when the price breaks above resistance with a new candle closing above it.
A Sell signal is generated when the price breaks below support with a new candle closing below it.
Strategy Using PSAR-SR
Wait for the Breakout:
Avoid buying or selling immediately when the PSAR gives a signal.
Confirm that the price breaks past the support or resistance levels and forms a new candle outside those lines.
Use Alongside Other Indicators:
PSAR-SR is not recommended as a standalone tool. Use additional confirmation indicators such as:
Moving Average: To identify long-term trends.
RSI or MACD: To confirm momentum or overbought/oversold conditions.
Advantages of PSAR-SR
Reduces False Signals:
By focusing on previous support and resistance levels, PSAR-SR avoids invalid signals.
Helps Identify Breakouts:
It provides better insight for traders to enter the market during valid breakouts.
Limitations of PSAR-SR
Not Suitable for Sideways Markets:
If the price moves sideways for an extended period, the signals may become less effective.
Requires Additional Confirmation:
Should be used in combination with other indicators to improve accuracy.
Conclusion
PSAR-SR is a helpful tool for identifying dynamic support and resistance levels and generating buy/sell signals based on price breakouts. However, it should always be used with additional indicators for confirmation to avoid false trades.
Disclaimer:
Use this indicator at your own risk, and always perform additional analysis before making any trading decisions.
If you'd like further clarification or examples of how to apply this to a chart, feel free to ask! 😊
Custom EMA/ATR/Keltner/Bollinger with Squeeze Setup 21-EMA and ATR-Based Analysis
21-EMA (Exponential Moving Average):
Acts as a dynamic support/resistance level.
The price's relationship with the 21-EMA is used to detect trends and potential reversals.
ATR (Average True Range):
Measures volatility.
Used to define price thresholds for buy/sell conditions (e.g., price not more than 1 ATR above 21-EMA for a buy signal).
2. Bollinger Bands and Keltner Channels for Squeeze Setup
Bollinger Bands (BB):
Calculated using a 20-period simple moving average and standard deviations.
Represents high and low volatility zones.
Keltner Channels (KC):
Based on a 20-period EMA and ATR.
Provides narrower channels for price action compared to Bollinger Bands.
Squeeze Condition:
Occurs when Bollinger Bands fall inside Keltner Channels, signaling low volatility.
These periods often precede significant price movements (breakouts).
3. Momentum Indicator (MACD Histogram)
MACD Histogram:
Measures momentum during a squeeze.
Positive histogram values suggest bullish momentum, while negative values suggest bearish momentum.
Used to predict breakout direction from a squeeze.
4. RSI (Relative Strength Index) for Overbought/Oversold Conditions
Buy Signal:
RSI below 50 indicates a potential oversold condition, supporting a buy signal.
Sell Signal:
RSI above 80 indicates overbought conditions, supporting a sell signal.
5. Buy/Sell Signal Conditions
Buy Signal:
Price is not more than 1 ATR above the 21-EMA.
RSI is below 50 (oversold).
Price touches the 21-EMA within a small tolerance.
Squeeze condition is active.
Sell Signal:
Price is 3 ATR above the 21-EMA.
RSI is above 80 (overbought).
Additional Signals:
Buy: Price is 2 standard deviations below the 21-EMA.
Sell: Price is 2 standard deviations above the 21-EMA.
6. Visual Enhancements
Candle Range (High-Low)the Candle Range refers to the difference between the high price (High) and the low price (Low) of a specific candle or bar.
Example:
For a given candle on the chart:
The high price is 120.
The low price is 100.
The candle range is 20 (120 - 100).
Uses:
Volatility Measurement: The candle range is often used to assess an asset's volatility over time. For example, averaging candle ranges can indicate the average volatility.
Indicator Development: Many indicators, such as Average True Range (ATR), rely on candle ranges to provide insights about market conditions.
Trade Filters: Candle ranges can act as filters in strategies to avoid trading during periods of low volatility.
4H CRT (1AM and 5AM)This TradingView script is designed to assist traders in implementing the "4-Hour Candle Ranges Theory Strategy (CRT)" by identifying key levels and setups based on the 1am and 4am (5am) 4-hour candles. This strategy is particularly effective for trading high-volatility assets such as Gold, EUR/USD, NAS100, US30, and S&P500, with US30 showing a notably high win rate. Here's how the strategy works:
Key Features:
1. Marking 1am and 4am 4-Hour Candle Ranges
- The script highlights the high and low of the 1am 4-hour candle.
- It visually tracks whether the high or low of the 1am candle is taken out by the subsequent 4-hour candle (5am).
2. Entry Setup Rules
- Primary Setup: Wait for the high or low of the 1am candle to be taken out by the 5am candle. Once this sweep occurs, wait for a Market Structure Shift (MSS) on the lower time frame (15min) to confirm your entry.
- Secondary Setup: If the 5am candle fails to take out the high or low of the 1am candle, the setup focuses on the levels formed by the 5am candle.
3. Trade Execution on 15-Minute Timeframe
- The script supports a lower time frame (15min) view to identify MSS and fine-tune entries.
4. Rinse and Repeat
- This process can be applied daily for consistent opportunities across the specified assets.
Advantages:
- Provides clear visual markers for key levels based on the 4-hour candles.
- Automates level plotting, saving traders time and reducing manual errors.
- Integrates well with the 15-minute timeframe for precise entry triggers.
- Optimized for popular trading instruments, especially US30 for a higher probability of success.
This script simplifies the application of CRT by automating the process of identifying and marking critical levels, enabling traders to focus on executing high-probability setups effectively.
Created by Hamid (poraymanfx)
Center of Candle Trendline### **Center of Candle Trendline**
This script dynamically plots a trendline through the center of each candlestick's body. The "center" is calculated as the average of the open and close prices for each candle. The trendline updates in real-time as new candles form, providing a clean and straightforward way to track the market's midline movement.
#### **Features:**
1. **Dynamic Trendline:** The trendline connects the center points of consecutive candlestick bodies, giving a clear visual representation of price movements.
2. **Accurate Center Calculation:** The center is determined as `(open + close) / 2`, ensuring the trendline reflects the true midpoint of each candlestick body.
3. **Real-Time Updates:** The trendline updates automatically as new bars form, keeping your chart up to date with the latest price action.
4. **Customization-Ready:** Adjust the line’s color, width, or style easily to fit your chart preferences.
#### **How to Use:**
- Add this script to your chart to monitor the price movement relative to the center of candlestick bodies.
- Use the trendline to identify trends, reversals, or price consolidation zones.
#### **Applications:**
- **Trend Analysis:** Visualize how the market trends around the center of candlesticks.
- **Reversal Identification:** Detect potential reversal zones when the price deviates significantly from the trendline.
- **Support and Resistance Zones:** Use the trendline as a dynamic support or resistance reference.
This tool is perfect for traders who want a clean and minimalistic approach to tracking price action. Whether you're a beginner or an experienced trader, this script provides valuable insights without overwhelming your chart.
#### **Note:**
This is not a standalone trading strategy but a visual aid to complement your analysis. Always combine it with other tools and techniques for better trading decisions.
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Feel free to tweak this description based on your preferences or style!
Enhanced SMA Strategy with Trend Lines & S&R by DaxThe Enhanced SMA Strategy with Trend Lines & Support/Resistance (S&R) by Dax indicator is a technical analysis tool designed to improve trading decisions by combining the simplicity of the Simple Moving Average (SMA) with the insight provided by trend lines and support/resistance levels. This hybrid approach aims to create a more robust and reliable trading strategy.
Key Components:
Simple Moving Average (SMA):
SMA is a basic trend-following indicator that calculates the average of a set of price data over a specified period. It helps identify the direction of the market, such as whether an asset is in an uptrend or downtrend.
The Enhanced SMA Strategy may use multiple SMAs, such as short-term (e.g., 20-period) and long-term (e.g., 50-period), to detect crossovers that signal buy or sell opportunities. For example, a bullish crossover occurs when a short-term SMA crosses above a long-term SMA, indicating a potential buying signal, while a bearish crossover signals a potential sell.
Trend Lines:
Trend lines are drawn on the price chart to visually identify the direction of the market, acting as dynamic support and resistance levels. A trend line is drawn by connecting two or more price points that demonstrate the overall price movement.
Trend lines can help traders see potential breakout or breakdown points. A price breaking above a downtrend line or below an uptrend line often signals a trend reversal.
Support and Resistance (S&R):
Support levels are price levels where an asset tends to find buying interest and stop falling, while Resistance levels are points where selling pressure emerges and prevent the price from rising further.
These levels are critical in determining where price reversals or consolidations are likely to occur. Enhanced S&R indicators can automatically identify these levels and draw horizontal lines at these critical points on the chart.
Combining S&R with SMA can help traders decide whether a breakout or bounce is likely at these levels, increasing the odds of a successful trade.
How It Works:
Trend Identification: The SMA is used to determine the trend direction. A rising SMA indicates an uptrend, while a falling SMA suggests a downtrend.
Signal Generation: The strategy often uses a combination of SMA crossovers (bullish or bearish) along with the confirmation of price action near trend lines and support/resistance levels. For example:
If a price breaks above resistance and the short-term SMA crosses above the long-term SMA, a buy signal is confirmed.
Conversely, if the price breaks below support and the short-term SMA crosses below the long-term SMA, a sell signal is given.
Dynamic Support/Resistance: Trend lines are drawn automatically or manually to spot areas where price might reverse. The Enhanced SMA Strategy checks if the price is close to these levels, providing a more precise entry/exit point based on the broader market context.
Advantages of the Enhanced SMA Strategy with Trend Lines & S&R:
Improved Accuracy: By combining trend-following (SMA) with key levels like trend lines and S&R, the strategy filters out false signals, leading to more reliable trade setups.
Trend Confirmation: The use of trend lines and S&R confirms the broader market context, reducing the risk of trading against the trend or entering at weak price points.
Flexible: This strategy can be applied to various timeframes, from short-term day trading to longer-term swing trading.
Visual Clarity: The combination of trend lines, S&R, and moving averages provides a clear and visually intuitive strategy for identifying key price levels and trend shifts.
How to Use It:
Draw Trend Lines: Identify the most recent price peaks and troughs to draw trend lines, marking the potential resistance and support levels.
Use SMAs: Apply two different-period SMAs to detect the trend (e.g., 20-period and 50-period). Pay attention to crossovers for buy/sell signals.
Watch for Breakouts or Reversals: Monitor how the price behaves at support or resistance levels and the trend lines. A price move beyond these levels, accompanied by a confirming SMA crossover, can signal a strong trade opportunity.
Conclusion:
The Enhanced SMA Strategy with Trend Lines & S&R by Dax is a powerful, multi-layered approach to technical analysis. It enhances the basic SMA strategy by incorporating additional tools like trend lines and support/resistance levels, which help traders make more informed decisions with higher accuracy. This method is suitable for both novice and experienced traders, offering clear trade signals while reducing the risk of false entries.
Volume Trend Analysis ProKey Features of Volume Analysis Script
1. Volume Threshold Detection
Identifies significant volume spikes
Compares current volume against 20-period moving average
Configurable sensitivity for precise signal generation
2. Trend Confirmation Mechanisms
Uses short and long-term moving averages
Validates volume signals with price action
Reduces false positive trading signals
3. Advanced Visualization
Color-coded volume bars
Triangular buy/sell signal markers
Clear visual representation of volume dynamics
4. Risk Management Components
Customizable volume threshold
Deviation sensitivity adjustment
Built-in alert conditions for real-time monitoring
Fibonacci Channel Standard Deviation levels based off 200MAThis script dynamically combines Fibonacci levels with the 200-period simple moving average (SMA), offering a powerful tool for identifying high-probability support and resistance zones. By adjusting to the changing 200 SMA, the script remains relevant across different market phases.
Key Features:
Dynamic Fibonacci Levels:
The script automatically calculates Fibonacci retracements and extensions relative to the 200 SMA.
These levels adapt to market trends, offering more relevant zones compared to static Fibonacci tools.
Support and Resistance Zones:
In uptrends, price often respects retracement levels above the 200 SMA (e.g., 38.2%, 50%, 61.8%).
In downtrends, price may interact with retracements and extensions below the 200 SMA (e.g., 23.6%, 1.618).
Customizable Confluence Zones:
Key levels such as the golden pocket (61.8%–65%) are highlighted as high-probability zones for reversals or continuations.
Extensions (e.g., 1.618) can serve as profit targets or bearish continuation points.
Practical Applications:
Identifying Reversal Zones:
Look for confluence between Fibonacci levels and the 200 SMA to identify potential reversal points.
Example: A pullback to the 61.8%–65% golden pocket near the 200 SMA often signals a bullish reversal.
Trend Confirmation:
In uptrends, price respecting Fibonacci retracements above the 200 SMA (e.g., 38.2%, 50%) confirms strength.
Use Fibonacci extensions (e.g., 1.618) as profit targets during strong trends.
Dynamic Risk Management:
Place stop-losses just below key Fibonacci retracement levels near the 200 SMA to minimize risk.
Bearish Scenarios:
Below the 200 SMA, Fibonacci retracements and extensions act as resistance levels and bearish targets.
How to Use:
Volume Confirmation: Watch for volume spikes near Fibonacci levels to confirm support or resistance.
Price Action: Combine with candlestick patterns (e.g., engulfing candles, pin bars) for precise entries.
Trend Indicators: Use in conjunction with shorter moving averages or RSI to confirm market direction.
Example Setup:
Scenario: Price retraces to the 61.8% Fibonacci level while holding above the 200 SMA.
Confirmation: Volume spikes, and a bullish engulfing candle forms.
Action: Enter long with a stop-loss just below the 200 SMA and target extensions like 1.618.
Key Takeaways:
The 200 SMA serves as a reliable long-term trend anchor.
Fibonacci retracements and extensions provide dynamic zones for trade entries, exits, and risk management.
Combining this tool with volume, price action, or other indicators enhances its effectiveness.
HTF CandlesHTF Candles, Plot of a Higher/Lower Timeframe Candles on any chart.
This HTF / LTF candle plot displays the previous 3 daily candles with the current update of the price with reference to a lower time frame.
Candles includes 3 Candles of HTF
last HTF candle includes 4 previous candles from LTF
Candle High Low Open Close are plotted.
these OHLC values act as Support and Resistance With reference to current Price.
very useful in making HTF and LTF analysis with reference to current timeframe.
Comprehensive Trading Toolkit [BigBeluga]Trading Toolkit is a comprehensive indicator inspired by the trading strategies of the renowned crypto influencer Michaël van de Poppe . This tool combines RSI divergences, correction zones, and advanced support/resistance levels to provide traders with a robust framework for analyzing market movements.
🔵 Key Features:
RSI Divergences on Chart:
Automatically identifies and plots RSI divergences (bullish and bearish) directly on the main price chart.
Green lines indicate bullish divergences, suggesting potential upward reversals.
Red lines indicate bearish divergences, signaling possible downward movements.
Correction Boxes:
Traders typically define a correction as a drop in value of 10% or more. This drop can happen over a few hours or a few days. Also, it can last for less than 24 hours or many months.
This indicator visualizes corrections with blue shaded boxes, triggered by a percentage decline defined in the settings.
The boxes highlight sharp price drops, helping traders identify significant market movements quickly.
Advanced Support and Resistance Levels:
Dynamically detects key support and resistance levels based on price pivots.
When the price is above a level, it plots a green shaded area from the cross point, marking support.
When the price drops below a level, it plots a red shaded area, highlighting resistance.
Dashed lines indicate weaker levels, while solid lines represent stronger, more reliable levels.
🔵 Usage:
Identify Divergences: Use plotted RSI divergences to detect potential market reversals and align them with price action.
Analyze Correction Zones: Utilize correction boxes to evaluate significant price declines and find potential buying opportunities during these corrections.
Leverage Support and Resistance Levels: Confirm breakouts, reversals, or consolidation zones with the color-coded areas.
Enhance Risk Management: Combine divergences and correction zones to set informed stop-loss or take-profit levels.
Trading Toolkit empowers traders with actionable insights into market trends, corrections, and support/resistance dynamics, making it an invaluable tool for crypto and forex markets.
Crypto Market Caps / Global GDP %This indicator compares the total market capitalization of various crypto sectors to the global Gross Domestic Product (GDP), expressed as a percentage. The purpose of this indicator is to provide a visual representation of the relative size of the crypto market compared to the global economy, allowing traders and analysts to understand how the market is growing in relation to the overall economy.
Key Features
Crypto Market Caps -
TOTAL: Represents the total market capitalization of all cryptocurrencies.
TOTAL3: Represents the market capitalization of all cryptocurrencies, excluding Bitcoin and Ethereum.
OTHERS: Represents the market capitalization of all cryptocurrencies excluding the top 10.
Global GDP -
The indicator uses a combination of GDP data from multiple regions across the world, including:
GDP from the EU, North America (NA), and other regions.
GDP data from Asia, Latin America (LATAM), and the Middle East & North Africa (MENA).
Percentage Representation -
The market caps (TOTAL, TOTAL3, OTHERS) are compared to the global GDP, and the result is expressed as a percentage. This allows you to easily see how the size of the cryptocurrency market compares to the entire global economy at any given time.
Plotting and Visualization
The indicator plots the market cap to global GDP ratio for each category (TOTAL, TOTAL3, OTHERS) on the chart.
You can choose which plots to display through user inputs.
The percentage scale makes it easy to compare how much of the global GDP is represented by different parts of the crypto market.
Labels can be added for additional clarity, showing the exact percentage value on the chart.
How to Use
The indicator provides a clear view of the cryptocurrency market's relative size compared to the global economy.
Higher values indicate that the crypto market (or a segment of it) is becoming a larger portion of the global economy.
Lower values suggest the crypto market is still a smaller segment of the global economic activity.
User Inputs
TOTAL/GlobalGDP: Toggle visibility for the total market capitalization of all cryptocurrencies.
TOTAL3/GlobalGDP: Toggle visibility for the market cap of cryptocurrencies excluding Bitcoin and Ethereum.
OTHERS/GlobalGDP: Toggle visibility for the market cap of cryptocurrencies excluding the top 10.
Labels: Enable or disable the display of labels showing the exact percentage values.
Practical Use Cases
Market Sentiment: Gauge the overall market sentiment and potential growth relative to global economic conditions.
Investment Decisions: Help identify when the crypto market is becoming more or less significant in the context of the global economy.
Macro Analysis: Combine this indicator with other macroeconomic indicators to gain deeper insights into the broader economic landscape.
By providing an easy-to-understand percentage representation, this indicator offers valuable insights for anyone interested in tracking the relationship between cryptocurrency market cap and global economic activity.
GL_Prev Week HighThe GL_Prev Week High Indicator is a powerful tool designed to enhance your trading analysis by displaying the previous week's high price directly on your chart. With clear and customizable visuals, this indicator helps traders quickly identify critical price levels, enabling more informed decision-making.
Key Features:
Previous Week's High Line:
Displays the previous week's high as a red line on your chart for easy reference.
Customizable Horizontal Line:
Includes a white horizontal line for enhanced clarity, with adjustable length, color, and width settings.
All-Time High Tracking:
Automatically tracks the all-time high from the chart's history and places a dynamic label above it.
Real-Time Updates:
The indicator updates in real-time to ensure accuracy as new bars are added.
User Inputs for Personalization:
Adjust the left and right span of the horizontal line.
Customize line width and color to suit your preferences.
Use Case:
This indicator is ideal for traders looking to integrate the previous week's high as a key support or resistance level in their trading strategy. Whether you are analyzing trends, identifying breakout zones, or planning entry/exit points, this tool provides valuable insights directly on the chart.
How to Use:
Add the indicator to your chart.
Customize the settings (line length, width, and color) through the input panel to match your preferences.
Use the red line to track the previous week's high and the label to monitor all-time highs effortlessly.
License:
This script is shared under the Mozilla Public License 2.0. Feel free to use and adapt the script as per the license terms.
