Support and Resistance with Buy/Sell Signals**Support and Resistance with Buy/Sell Signals**
Support and resistance are key concepts in technical analysis used to identify price levels at which an asset tends to reverse or pause in its trend. These levels are pivotal for traders to anticipate potential entry (buy) or exit (sell) opportunities.
### **Support**
Support is a price level where a downward trend tends to pause or reverse due to an increase in buying interest. It acts as a "floor" for the price. Traders consider this level as an area to look for **buy signals**.
#### **Buy Signals near Support**:
1. **Bounce Confirmation**: When the price touches the support level and rebounds upward, confirming the strength of the support.
2. **Bullish Candlestick Patterns**: Patterns like hammers or engulfing candles forming at support levels suggest buying opportunities.
3. **Volume Increase**: A spike in trading volume at the support level often reinforces the likelihood of a reversal.
---
### **Resistance**
Resistance is a price level where an upward trend tends to pause or reverse due to an increase in selling pressure. It acts as a "ceiling" for the price. Traders consider this level as an area to look for **sell signals**.
#### **Sell Signals near Resistance**:
1. **Price Rejection**: When the price reaches the resistance level and fails to break above it, moving downward instead.
2. **Bearish Candlestick Patterns**: Patterns like shooting stars or bearish engulfing candles at resistance levels signal selling opportunities.
3. **Divergences**: If the price forms higher highs near resistance while an indicator (e.g., RSI) shows lower highs, it suggests weakening momentum.
---
### **Dynamic Indicators for Support and Resistance**
1. **Moving Averages**: Commonly used as dynamic support/resistance, especially the 50, 100, and 200-period moving averages.
2. **Fibonacci Retracements**: Highlight potential support and resistance levels based on mathematical ratios.
3. **Pivot Points**: Daily, weekly, or monthly pivot levels offer reliable zones for support and resistance.
---
### **Combining Buy/Sell Signals with Indicators**
To enhance accuracy, traders combine support and resistance levels with additional indicators such as:
- **RSI (Relative Strength Index)**: To confirm overbought (sell) or oversold (buy) conditions.
- **MACD (Moving Average Convergence Divergence)**: For momentum and trend reversals at key levels.
- **Volume Analysis**: To validate the strength of price movements near support or resistance.
By using support and resistance levels with these signals, traders can develop a structured approach to identifying high-probability trade setups.
指标和策略
Fear and Greed Trading Strategy By EquityPath (Dev Hunainmq)Description:
🚀 **Fear and Greed Trading Strategy for TradingView** 🚀
Take your trading to the next level with this innovative and automated **Fear and Greed Index-based strategy**. 🎯 This strategy leverages the powerful **emotional drivers of the market**—fear and greed—to help you make smarter, data-driven trading decisions. Designed for traders of all experience levels, this tool provides seamless buy and sell signals to capitalize on market sentiment.
🔴 **Fear Zone:** Automatically triggers a sell when the market sentiment shifts toward extreme fear, signaling potential downturns.
🟢 **Greed Zone:** Automatically triggers a buy when the market sentiment trends toward extreme greed, signaling potential growth opportunities.
---
### **Features:**
✅ **Dynamic Buy and Sell Signals:** Executes trades automatically based on sentiment thresholds.
✅ **Position Management:** Trades a fixed quantity (e.g., 100 shares) for simplicity and risk control.
✅ **Threshold Customization:** Adjust fear and greed levels (default: 25 for fear, 75 for greed) to suit your trading style.
✅ **Visual Cues:** Clear labels and visual plots of the Fear and Greed Index on the chart for easy interpretation.
✅ **Fully Automated Execution:** Hands-free trading when connected to a supported broker in TradingView.
---
### **Who Is This Strategy For?**
📈 Crypto Traders
📈 Stock Traders
📈 Forex Traders
📈 Anyone looking to incorporate **market psychology** into their trading!
With sleek design and powerful automation, this strategy ensures you stay ahead of the market by aligning your trades with the ebb and flow of investor sentiment. Whether you're a beginner or an experienced trader, this strategy simplifies the process and enhances your edge. 💡
---
### Hashtags:
#TradingStrategy #FearAndGreedIndex #MarketSentiment #TradingAutomation #AlgorithmicTrading #CryptoTrading #StockMarket #ForexTrading #TechnicalAnalysis #SmartTrading #TradingTools #EmotionalTrading #GreedZone #FearZone #TradingSuccess #PineScript
Harmonic Heikin-Ashi TraderHarmonic Heikin-Ashi Trader
A comprehensive tool for traders who prefer a blend of trend analysis and technical signals. This script offers:
Heikin-Ashi Candles
Smoothens market noise to help identify trends with ease.
Candles change dynamically based on calculated Heikin-Ashi open, high, low, and close.
Custom Background Color
Customize the chart's background for improved clarity and focus.
EMAs with Buy/Sell Signals
Two customizable Exponential Moving Averages (EMAs).
Visual buy/sell signals when EMA crossover events occur.
MACD Integration
Detect momentum shifts with the classic MACD indicator.
Configurable fast, slow, and signal line parameters.
Generates buy/sell signals for actionable insights.
Customizable Display
Toggle signal visibility for a cleaner or more detailed chart.
Price line harmonized with the background color.
Harmonic Heikin-Ashi Trader is designed for all trading styles and enhances decision-making in dynamic markets.
IU Trailing Stop Loss MethodsThe 'IU Trailing Stop Loss Methods' it's a risk management tool which allows users to apply 12 trailing stop-loss (SL) methods for risk management of their trades and gives live alerts when the trailing Stop loss has hit. Below is a detailed explanation of each input and the working of the Script.
Main Inputs:
- bar_time: Specifies the date from which the trade begins and entry price will be the open of the first candle.
- entry_type: Choose between 'Long' or 'Short' positions.
- trailing_method: Select the trailing stop-loss method. Options include ATR, Parabolic SAR, Supertrend, Point/Pip based, Percentage, EMA, Highest/Lowest, Standard Deviation, and multiple target-based methods.
- exit_after_close: If checked, exits the trade only after the candle closes.
Optional Inputs:
ATR Settings:
- atr_Length: Length for the ATR calculation.
- atr_factor: ATR multiplier for SL calculation.
Parabolic SAR Settings:
- start, increment, maximum: Parameters for the Parabolic SAR indicator.
Supertrend Settings:
- supertrend_Length, supertrend_factor: Length and factor for the Supertrend indicator.
Point/Pip Based:
- point_base: Set trailing SL in points/pips.
Percentage Based:
- percentage_base: Set SL as a percentage of entry price.
EMA Settings:
- ema_Length: Length for EMA calculation.
Standard Deviation Settings:
- std_Length, std_factor: Length and factor for standard deviation calculation.
Highest/Lowest Settings:
- highest_lowest_Length: Length for the highest/lowest SL calculation.
Target-Based Inputs:
- ATR, Point, Percentage, and Standard Deviation based target SL settings with customizable lengths and multipliers.
Entry Logic:
- Trades initiate based on the entry_type selected and the specified bar_time.
- If Long is selected, a long trade is initiated when the conditions match, and vice versa for Short.
Trailing Stop-Loss (SL) Methods Explained:
The strategy dynamically adjusts stop-loss based on the chosen method. Each method has its calculation logic:
- ATR: Stop-loss calculated using ATR multiplied by a user-defined factor.
- Parabolic SAR: Uses the Parabolic SAR indicator for trailing stop-loss.
- Supertrend: Utilizes the Supertrend indicator as the stop-loss line.
- Point/Pip Based: Fixed point-based stop-loss.
- Percentage Based: SL set as a percentage of entry price.
- EMA: SL based on the Exponential Moving Average.
- Highest/Lowest: Uses the highest high or lowest low over a specified period.
- Standard Deviation: SL calculated using standard deviation.
Exit Conditions:
- If exit_after_close is enabled, the position will only close after the candle confirms the stop-loss hit.
- If exit_after_close is disabled, the strategy will close the trade immediately when the SL is breached.
Visualization:
The script plots the chosen trailing stop-loss method on the chart for easy visualization.
Target-Based Trailing SL Logic:
- When a position is opened, the strategy calculates the initial stop-loss and progressively adjusts it as the price moves favorably.
- Each SL adjustment is stored in an array for accurate tracking and visualization.
Alerts and Labels:
- When the Entry or trailing stop loss is hit this scripts draws a label and give alert to the user that trailing stop has been hit for the trade.
Note - on the historical data The Script will show nothing if the entry and the exit has happened on the same candle, because we don't know what was hit first SL or TP (basically how the candle was formed on the lower timeframe).
Summary:
This script offers flexible trailing stop-loss options for traders who want dynamic risk management in their strategies. By offering multiple methods like ATR, SAR, Supertrend, and EMA, it caters to various trading styles and risk preferences.
PTS CloudThe Precise Trading EMA Cloud indicator is designed to improve your chart analysis by knowing simple trend direction with the use of the 9, 21, 50 EMA's. This special tool is particularly helpful for Day Traders & Swing Traders to easily see the trend direction & possible market shifts & support & resistance.
Bullish Trend = Blue Color wave
Bearish Trend = Red Color wave
[blackcat] L1 Small Wave Operation L1 Small Wave Operation
Overview
Are you looking to catch those elusive small waves in the market? Look no further than " L1 Small Wave Operation." This script offers a unique way to identify potential buying opportunities by analyzing price movements, volume changes, and trend directions. With customizable inputs and clear visual indicators, it’s designed to help traders spot favorable entry points with precision.
Features
Dynamic Signal Identification: Automatically detects two types of buy signals labeled "S" and "B."
Adaptable Parameters: Allows users to adjust low period, high period, EMA periods, SMA period, and various threshold values to fine-tune the strategy.
Visual Clarity: Plots K and D lines along with four distinct threshold levels for easy visualization.
Condition-Based Signals: Uses multiple conditions including volume increases, price actions, and crossover events to confirm signals.
How It Works
Calculate Percent Range: Determines where the current closing price lies within the recent low and high range.
Compute Moving Averages: Calculates Exponential Moving Average (EMA) and Simple Moving Average (SMA) of the percent range.
Define Conditions: Checks for bullish or strong bullish patterns, uptrends, and specific crossover events between K and D lines.
Generate Signals: Marks potential buying opportunities when predetermined conditions are met.
How To Use
Add this script to your TradingView chart.
Adjust the input parameters according to your preferred settings.
Monitor the plotted lines and look for "S" and "B" labels indicating buy signals.
Consider incorporating these signals into a broader trading strategy that includes risk management techniques.
What Makes It Special
Flexibility: Users can easily modify parameters to adapt the script to different markets or personal preferences.
Automation: Saves time by automatically scanning for trade setups based on predefined rules.
Comprehensive Analysis: Combines multiple factors like volume, price action, and moving averages to provide reliable signals.
Limitations
Past performance does not guarantee future results.
Market conditions can vary, affecting signal reliability.
Not suitable for very short-term trades without additional refinements.
Notes
Always perform backtesting on historical data before implementing live trades.
Understand the underlying logic of the script to avoid misinterpretation of signals.
Regularly review and adjust parameters based on changing market dynamics.
Mean Reversion Pro Strategy [tradeviZion]Mean Reversion Pro Strategy : User Guide
A mean reversion trading strategy for daily timeframe trading.
Introduction
Mean Reversion Pro Strategy is a technical trading system that operates on the daily timeframe. The strategy uses a dual Simple Moving Average (SMA) system combined with price range analysis to identify potential trading opportunities. It can be used on major indices and other markets with sufficient liquidity.
The strategy includes:
Trading System
Fast SMA for entry/exit points (5, 10, 15, 20 periods)
Slow SMA for trend reference (100, 200 periods)
Price range analysis (20% threshold)
Position management rules
Visual Elements
Gradient color indicators
Three themes (Dark/Light/Custom)
ATR-based visuals
Signal zones
Status Table
Current position information
Basic performance metrics
Strategy parameters
Optional messages
📊 Strategy Settings
Main Settings
Trading Mode
Options: Long Only, Short Only, Both
Default: Long Only
Position Size: 10% of equity
Starting Capital: $20,000
Moving Averages
Fast SMA: 5, 10, 15, or 20 periods
Slow SMA: 100 or 200 periods
Default: Fast=5, Slow=100
🎯 Entry and Exit Rules
Long Entry Conditions
All conditions must be met:
Price below Fast SMA
Price below 20% of current bar's range
Price above Slow SMA
No existing position
Short Entry Conditions
All conditions must be met:
Price above Fast SMA
Price above 80% of current bar's range
Price below Slow SMA
No existing position
Exit Rules
Long Positions
Exit when price crosses above Fast SMA
No fixed take-profit levels
No stop-loss (mean reversion approach)
Short Positions
Exit when price crosses below Fast SMA
No fixed take-profit levels
No stop-loss (mean reversion approach)
💼 Risk Management
Position Sizing
Default: 10% of equity per trade
Initial capital: $20,000
Commission: 0.01%
Slippage: 2 points
Maximum one position at a time
Risk Control
Use daily timeframe only
Avoid trading during major news events
Consider market conditions
Monitor overall exposure
📊 Performance Dashboard
The strategy includes a comprehensive status table displaying:
Strategy Parameters
Current SMA settings
Trading direction
Fast/Slow SMA ratio
Current Status
Active position (Flat/Long/Short)
Current price with color coding
Position status indicators
Performance Metrics
Net Profit (USD and %)
Win Rate with color grading
Profit Factor with thresholds
Maximum Drawdown percentage
Average Trade value
📱 Alert Settings
Entry Alerts
Long Entry (Buy Signal)
Short Entry (Sell Signal)
Exit Alerts
Long Exit (Take Profit)
Short Exit (Take Profit)
Alert Message Format
Strategy name
Signal type and direction
Current price
Fast SMA value
Slow SMA value
💡 Usage Tips
Consider starting with Long Only mode
Begin with default settings
Keep track of your trades
Review results regularly
Adjust settings as needed
Follow your trading plan
⚠️ Disclaimer
This strategy is for educational and informational purposes only. It is not financial advice. Always:
Conduct your own research
Test thoroughly before live trading
Use proper risk management
Consider your trading goals
Monitor market conditions
Never risk more than you can afford to lose
📋 Release Notes
14 January 2025
Added New Fast & Slow SMA Options:
Fibonacci-based periods: 8, 13, 21, 144, 233, 377
Additional period: 50
Complete Fast SMA options now: 5, 8, 10, 13, 15, 20, 21, 34, 50
Complete Slow SMA options now: 100, 144, 200, 233, 377
Bug Fixes:
Fixed Maximum Drawdown calculation in the performance table
Now using strategy.max_drawdown_percent for accurate DD reporting
Previous version showed incorrect DD values
Performance metrics now accurately reflect trading results
Performance Note:
Strategy tested with Fast/Slow SMA 13/377
Test conducted with 10% equity risk allocation
Daily Timeframe
For Beginners - How to Modify SMA Levels:
Find this line in the code:
fastLength = input.int(title="Fast SMA Length", defval=5, options= )
To add a new Fast SMA period: Add the number to the options list, e.g.,
To remove a Fast SMA period: Remove the number from the options list
For Slow SMA, find:
slowLength = input.int(title="Slow SMA Length", defval=100, options= )
Modify the options list the same way
⚠️ Note: Keep the periods that make sense for your trading timeframe
💡 Tip: Test any new combinations thoroughly before live trading
"Trade with Discipline, Manage Risk, Stay Consistent" - tradeviZion
XAUUSD STRATGEY BUY AND SELL SIGNALSThis indicator primarily focuses on the concepts of Overbought and Oversold conditions, serving as a tool for short-term trading strategies. It provides modest yet reliable signals for traders. The fundamental operation of the indicator is outlined as follows:
For purchasing, the indicator monitors the asset for an Oversold condition as indicated by the Relative Strength Index (RSI). Subsequently, a buy signal is generated when the price chart crosses the lower boundary of the Envelope indicator from below to above.
Conversely, for selling, the indicator observes the asset for an Overbought condition according to the RSI. A sell signal is triggered when the price chart crosses the upper boundary of the Envelope indicator from above to below.
The underlying principle is the alignment between the price movement and the RSI readings.
The optimal settings I have developed are as follows:
- Time frame: 15 minutes
- Overbought threshold: 80
- Oversold threshold: 25
- RSI Length: 8
This approach can be applied across various financial instruments, but it is essential to establish clear profit and loss limits.
Sood 2025// © AdibXmos
//@version=5
indicator('Sood Indicator V2 ', overlay=true, max_labels_count=500)
show_tp_sl = input.bool(true, 'Display TP & SL', group='Techical', tooltip='Display the exact TP & SL price levels for BUY & SELL signals.')
rrr = input.string('1:2', 'Risk to Reward Ratio', group='Techical', options= , tooltip='Set a risk to reward ratio (RRR).')
tp_sl_multi = input.float(1, 'TP & SL Multiplier', 1, group='Techical', tooltip='Multiplies both TP and SL by a chosen index. Higher - higher risk.')
tp_sl_prec = input.int(2, 'TP & SL Precision', 0, group='Techical')
candle_stability_index_param = 0.5
rsi_index_param = 70
candle_delta_length_param = 4
disable_repeating_signals_param = input.bool(true, 'Disable Repeating Signals', group='Techical', tooltip='Removes repeating signals. Useful for removing clusters of signals and general clarity.')
GREEN = color.rgb(29, 255, 40)
RED = color.rgb(255, 0, 0)
TRANSPARENT = color.rgb(0, 0, 0, 100)
label_size = input.string('huge', 'Label Size', options= , group='Cosmetic')
label_style = input.string('text bubble', 'Label Style', , group='Cosmetic')
buy_label_color = input(GREEN, 'BUY Label Color', inline='Highlight', group='Cosmetic')
sell_label_color = input(RED, 'SELL Label Color', inline='Highlight', group='Cosmetic')
label_text_color = input(color.white, 'Label Text Color', inline='Highlight', group='Cosmetic')
stable_candle = math.abs(close - open) / ta.tr > candle_stability_index_param
rsi = ta.rsi(close, 14)
atr = ta.atr(14)
bullish_engulfing = close < open and close > open and close > open
rsi_below = rsi < rsi_index_param
decrease_over = close < close
var last_signal = ''
var tp = 0.
var sl = 0.
bull_state = bullish_engulfing and stable_candle and rsi_below and decrease_over and barstate.isconfirmed
bull = bull_state and (disable_repeating_signals_param ? (last_signal != 'buy' ? true : na) : true)
bearish_engulfing = close > open and close < open and close < open
rsi_above = rsi > 100 - rsi_index_param
increase_over = close > close
bear_state = bearish_engulfing and stable_candle and rsi_above and increase_over and barstate.isconfirmed
bear = bear_state and (disable_repeating_signals_param ? (last_signal != 'sell' ? true : na) : true)
round_up(number, decimals) =>
factor = math.pow(10, decimals)
math.ceil(number * factor) / factor
if bull
last_signal := 'buy'
dist = atr * tp_sl_multi
tp_dist = rrr == '2:3' ? dist / 2 * 3 : rrr == '1:2' ? dist * 2 : rrr == '1:4' ? dist * 4 : dist
tp := round_up(close + tp_dist, tp_sl_prec)
sl := round_up(close - dist, tp_sl_prec)
if label_style == 'text bubble'
label.new(bar_index, low, 'BUY', color=buy_label_color, style=label.style_label_up, textcolor=label_text_color, size=label_size)
else if label_style == 'triangle'
label.new(bar_index, low, 'BUY', yloc=yloc.belowbar, color=buy_label_color, style=label.style_triangleup, textcolor=TRANSPARENT, size=label_size)
else if label_style == 'arrow'
label.new(bar_index, low, 'BUY', yloc=yloc.belowbar, color=buy_label_color, style=label.style_arrowup, textcolor=TRANSPARENT, size=label_size)
label.new(show_tp_sl ? bar_index : na, low, 'TP: ' + str.tostring(tp) + ' SL: ' + str.tostring(sl), yloc=yloc.price, color=color.gray, style=label.style_label_down, textcolor=label_text_color)
if bear
last_signal := 'sell'
dist = atr * tp_sl_multi
tp_dist = rrr == '2:3' ? dist / 2 * 3 : rrr == '1:2' ? dist * 2 : rrr == '1:4' ? dist * 4 : dist
tp := round_up(close - tp_dist, tp_sl_prec)
sl := round_up(close + dist, tp_sl_prec)
if label_style == 'text bubble'
label.new(bear ? bar_index : na, high, 'SELL', color=sell_label_color, style=label.style_label_down, textcolor=label_text_color, size=label_size)
else if label_style == 'triangle'
label.new(bear ? bar_index : na, high, 'SELL', yloc=yloc.abovebar, color=sell_label_color, style=label.style_triangledown, textcolor=TRANSPARENT, size=label_size)
else if label_style == 'arrow'
label.new(bear ? bar_index : na, high, 'SELL', yloc=yloc.abovebar, color=sell_label_color, style=label.style_arrowdown, textcolor=TRANSPARENT, size=label_size)
label.new(show_tp_sl ? bar_index : na, low, 'TP: ' + str.tostring(tp) + ' SL: ' + str.tostring(sl), yloc=yloc.price, color=color.gray, style=label.style_label_up, textcolor=label_text_color)
alertcondition(bull or bear, 'BUY & SELL Signals', 'New signal!')
alertcondition(bull, 'BUY Signals (Only)', 'New signal: BUY')
alertcondition(bear, 'SELL Signals (Only)', 'New signal: SELL')
CVD Sinathis is delta cu and bolinger band
it has line and candel cvd mode
you can change bb setting too !!!!
MA RSI MACD Signal SuiteThis Pine Script™ is designed for use in Trading View and generates trading signals based on moving average (MA) crossovers, RSI (Relative Strength Index) signals, and MACD (Moving Average Convergence Divergence) indicators. It provides visual markers on the chart and can be configured to suit various trading strategies.
1. Indicator Overview
The indicator includes signals for:
Moving Averages (MA): It tracks crossovers between different types of moving averages.
RSI: Signals based on RSI crossing certain levels or its signal line.
MACD: Buy and sell signals generated by MACD crossovers.
2. Inputs and Customization
Moving Averages (MAs):
You can customize up to 6 moving averages with different types, lengths, and colors.
MA Type: Choose from different types of moving averages:
SMA (Simple Moving Average)
EMA (Exponential Moving Average)
HMA (Hull Moving Average)
SMMA (RMA) (Smoothed Moving Average)
WMA (Weighted Moving Average)
VWMA (Volume Weighted Moving Average)
T3, DEMA, TEMA
Source: Select the price to base the MA on (e.g., close, open, high, low).
Length: Define the number of periods for each moving average.
Examples:
MA1: Exponential Moving Average (EMA) with a period of 9
MA2: Exponential Moving Average (EMA) with a period of 21
RSI Settings:
RSI is calculated based on a user-defined period and is used to identify potential overbought or oversold conditions.
RSI Length: Lookback period for RSI (default 14).
Overbought Level: Defines the overbought threshold for RSI (default 70).
Oversold Level: Defines the oversold threshold for RSI (default 30).
You can also adjust the smoothing for the RSI signal line and customize when to trigger buy and sell signals based on the RSI crossing these levels.
MACD Settings:
MACD is used for identifying changes in momentum and trends.
Fast Length: The period for the fast moving average (default 12).
Slow Length: The period for the slow moving average (default 26).
Signal Length: The period for the signal line (default 9).
Smoothing Method: Choose between SMA or EMA for both the MACD and the signal line.
3. Signal Logic
Moving Average (MA) Crossover Signals:
Crossover: A bullish signal is generated when a fast MA crosses above a slow MA.
Crossunder: A bearish signal is generated when a fast MA crosses below a slow MA.
The crossovers are plotted with distinct colors, and the chart will display markers for these crossover events.
RSI Signals:
Oversold Crossover: A bullish signal when RSI crosses over its signal line below the oversold level (30).
Overbought Crossunder: A bearish signal when RSI crosses under its signal line above the overbought level (70).
RSI signals are divided into:
Aggressive (Early) Entries: Signals when RSI is crossing the oversold/overbought levels.
Conservative Entries: Signals when RSI confirms a reversal after crossing these levels.
MACD Signals:
Buy Signal: Generated when the MACD line crosses above the signal line (bullish crossover).
Sell Signal: Generated when the MACD line crosses below the signal line (bearish crossunder).
Additionally, the MACD histogram is used to identify momentum shifts:
Rising to Falling Histogram: Alerts when the MACD histogram switches from rising to falling.
Falling to Rising Histogram: Alerts when the MACD histogram switches from falling to rising.
4. Visuals and Alerts
Plotting:
The script plots the following on the price chart:
Moving Averages (MA): The selected MAs are plotted as lines.
Buy/Sell Shapes: Triangular markers are displayed for buy and sell signals generated by RSI and MACD.
Crossover and Crossunder Markers: Crosses are shown when two MAs crossover or crossunder.
Alerts:
Alerts can be configured based on the following conditions:
RSI Signals: Alerts for oversold or overbought crossover and crossunder events.
MACD Signals: Alerts for MACD line crossovers or momentum shifts in the MACD histogram.
Alerts are triggered when specific conditions are met, such as:
RSI crosses over or under the oversold/overbought levels.
MACD crosses the signal line.
Changes in the MACD histogram.
5. Example Usage
1. Trend Reversal Setup:
Buy Signal: Use the RSI oversold crossover and MACD bullish crossover to identify potential entry points in a downtrend.
Sell Signal: Use the RSI overbought crossunder and MACD bearish crossunder to identify potential exit points or short entries in an uptrend.
2. Momentum Strategy:
Combine MACD and RSI signals to identify the strength of a trend. Use MACD histogram analysis and RSI levels for confirmation.
3. Moving Average Crossover Strategy:
Focus on specific MA crossovers, such as the 9-period EMA crossing above the 21-period EMA, for buy signals. When a longer-term MA (e.g., 50-period) crosses a shorter-term MA, it may indicate a strong trend change.
6. Alerts Conditions
The script includes several alert conditions, which can be triggered and customized based on the user’s preferences:
RSI Oversold Crossover: Alerts when RSI crosses over the signal line below the oversold level (30).
RSI Overbought Crossunder: Alerts when RSI crosses under the signal line above the overbought level (70).
MACD Buy/Sell Crossover: Alerts when the MACD line crosses the signal line for a buy or sell signal.
7. Conclusion
This script is highly customizable and can be adjusted to suit different trading strategies. By combining MAs, RSI, and MACD, traders can gain multiple perspectives on the market, enhancing their ability to identify potential buy and sell opportunities.
Ultra Round NumbersThe Ultra Round Numbers indicator is designed to improve your market analysis by visually emphasizing significant price levels. These round numbers often act as psychological levels where traders and investors tend to make decisions. With this tool, you can easily spot these levels, adjust their precision, and customize their appearance.
Detailed Description
Ultra Round Numbers dynamically plots horizontal lines at key price intervals based on user-defined step sizes. These intervals represent round-numbered price levels, which can serve as critical support and resistance zones.
Step Configurations
The indicator features three customizable steps: Biggest, Middle, and Smallest.
Each step allows you to define:
The step size in price to determine the intervals for the lines.
The maximum number of lines above and below the current price.
The color, style, and thickness of the lines for better visualization.
The script efficiently handles the creation and deletion of lines to prevent clutter on the chart. It ensures only the relevant lines (from biggest step to lowest step) are displayed based on your settings and the current price movement.
This indicator is a powerful yet user-friendly indicator for identifying psychological price levels on your charts. With fully customizable steps, dynamic line management, and clean visuals, this tool empowers traders of all skill levels to make more informed trading decisions.
Daily Close Levels with ATR and Custom OffsetsDescription:
This Pine Script visualizes daily close levels, calculates key price zones based on custom offsets and ATR (Average True Range), and is an essential tool for traders analyzing support and resistance zones.
Features
Close Value Line: Displays the daily close value as a line on the chart.
ATR Values: Shows the ATR value in both price and tick format.
Custom Offsets:
Calculates positive and negative price levels based on a user-defined tick offset.
Supports multipliers for extended zones (e.g., 2x offset).
Labels:
Displays the close value and ATR on the chart.
Annotates calculated price levels directly on the corresponding lines.
Time Control: Calculates levels at a user-defined hour (e.g., 20:00).
Customizable Parameters:
Close Time (Hour): Choose the specific hour for analyzing the close price.
Custom Line Offset: Define the price offset in ticks.
ATR Length: Adjust the ATR calculation length.
Timezone Offset: Supports time adjustments for different time zones.
Enable/Disable Labels and Values: Toggle the display of labels and values on the chart.
Mxwll Hedge Suite [Mxwll]Hello Traders!
The Mxwll Hedge Suite determines the best asset to hedge against the asset on your chart!
By determining correlation between the asset on your chart and a group of internally listed assets, the Mxwll Hedge Suite determines which asset from the list exhibits the highest negative correlation, and then determines exactly how many coins/shares/contracts of the asset must be bought to achieve a perfect 1:1 hedge!
The image above exemplifies the process!
The purple box on the chart shows the eligible price action used to determine correlation between the asset on my chart (BTCUSDT.P) and the list of cryptocurrencies that can be used as a hedge!
From this price action, the coin determined to have to greatest negative correlation to BTCUSDT.P is FTMUSD.
The image above further outlines the hedge table located in the bottom-right corner of your chart!
The hedge table shows exactly how many coins you’d need to purchase for the hedge asset at various leverages to achieve a perfect 1:1 hedge!
Hedge Suite works on any asset on any timeframe!
And that’s all! A short and sweet script that is hopefully helpful to traders looking to hedge their positions with a negatively correlated asset!
Thank you, Traders!
Chart InfoOVERVIEW
What would a general summary of the symbol on the chart look like? Here’s an example: This script was created to help you easily access the essential details of a symbol, which I believe are critical for daily use.
CONCEPTS
When using any indicator or analysing price movement, the characteristics of the chart become important. Each symbol has a unique character and the more we can quickly find out about it, the better. Instead of embedding those details within each individual indicator, it is often more practical to access these data through an external tool. This indicator presents the following results related to the symbol on your chart in a table format:
ID : Ticker ID (Exchange, Base Currency, and Quote Currency)
TIMEFRAME : The chart's time period
START : The starting date of the chart
FINISH : The finishing date of the chart
INTERVAL : The total time between the start and finish dates (based on timeframe). The current bar is not included in the total time until it is closed.
BAR INDEX : The total number of bars on the chart (can also be viewed in both forward and backward directions in the data window as a series type).
VOLATILITY : Percentage ratio of 14-bar ATR to close.
CHANGE : The daily percentage change.
HODL : The percentage return that would be gained if the symbol had been bought and held since the first bar.
DAILY BUY : The percentage return that would be gained if the same amount of buying was made daily (a kind of DCA).
MECHANICS
This is a very simple script. I didn't add user-defined timestamp inputs because I didn’t want to overwhelm the indicator with parameters. However, if requested, i can make improvements in this direction in a second version.
NOTES
I live in Istanbul, so I designed the default timezone offset as GMT+3. Please remember to adjust it according to your own timezone to ensure the date results are accurate.
I hope it helps everyone. Do not forget to manage your risk. And trade as safely as possible. Best of luck!
Total2 rokket bölgesi (Mayısa kadar)Nisan - mayısa kadar beklenilen rallide gelecek olan potansiyel düşüşlerin destek bulabileceğini düşündüğüm alan.
1D SMMA21 ve EMA35
Price vs EMAs & VWAPThis indicator displays whether the price is above or below specific moving averages (EMA 8, EMA 21, EMA 50) and VWAP, with color-coded background indicating the relationship between price and each level.
ARAZ - Günlük AL/SAT SinyaliARAZ - Daily Buy/Sell Signal" Indicator
This script is designed to provide buy (long) and sell (short) signals based on price and RSI divergence analysis using daily price data.
Features:
Price and RSI Data: The script uses daily price data (open, high, low, close) and the 14-period Relative Strength Index (RSI).
Pivot Point Detection: It calculates pivot highs and lows for both price and RSI over a 5-day period.
Divergence Signals:
Bullish Divergence (Buy Signal): A buy signal is triggered when the price makes a new low, but RSI is making higher lows (indicating a potential reversal to the upside). Additionally, RSI should be below 30 (oversold condition).
Bearish Divergence (Sell Signal): A sell signal is triggered when the price makes a new high, but RSI is making lower highs (indicating a potential reversal to the downside). Additionally, RSI should be above 70 (overbought condition).
RSI Reference Lines: The script draws reference lines for RSI at 30 (oversold), 50 (neutral), and 70 (overbought) to visually aid traders in identifying potential overbought and oversold conditions.
Signals:
Buy Signal (Bullish Divergence): A green triangle pointing upwards below the price bar.
Sell Signal (Bearish Divergence): A red triangle pointing downwards above the price bar.
RSI Indicator:
The script also displays the RSI with dotted lines marking key levels (30, 50, and 70) on the chart.
FGW | dobofulopThis indicator automatically detects recent swing highs and lows, then plots two Fibonacci-based retracement lines to highlight the “Golden Zone.” By default, it uses the 50% and 61.8% Fibonacci levels as potential support or resistance. The script can also fill the zone between these levels to visually emphasize possible reversal areas. Ideal for identifying key pullback zones in a trending market, the Fibonacci Golden Wave helps traders gauge where a correction might end and a trend may resume.
QQE MT4 V5 Glaz-modified by JustUncleL (updated)Thanks JustUnclel hope your posts last forever. Script updated to Version 5. RIP JustUncleL
Advanced Swing High/Low Trend Lines# Advanced Swing High/Low Trend Lines Indicator
## Features:
### Dynamic Trend Lines
This indicator dynamically identifies swing highs and swing lows based on the user-defined `Swing Length`. It then connects these points to create trend lines that visualize the market's direction and key support/resistance levels.
### Customizable Settings
- **Swing Length**: Define the sensitivity for detecting swing highs and lows.
- **Points Required to Draw Trend**: Specify the minimum number of swing highs or lows required to establish a valid trend line.
- **Show Old Trends**: Toggle the visibility of previous trend lines to focus on the current market structure.
- **Line Appearance**: Customize the color, style (`solid`, `dotted`, `dashed`), and width of both trend and support lines.
### Trend Break Detection
- Automatically detects and highlights when the price breaks above a high trend line or below a low trend line.
- The broken trend line changes its color to indicate a trend break, helping traders quickly identify significant market shifts.
### Continuous Updates
- As new swing highs or lows are detected, the indicator updates existing trend lines or creates new ones, ensuring relevance in dynamic market conditions.
- Trend lines extend into the future, projecting potential areas of interest for traders.
## Benefits:
1. **Enhanced Market Visualization**:
- Provides a clear view of market trends, swing points, and potential reversal zones.
2. **Trend Reversal Alerts**:
- Identifies and visually emphasizes trend breaks, enabling proactive trading decisions.
3. **Fully Customizable**:
- Adjust settings to suit your trading style and strategy, ensuring compatibility with various markets and timeframes.
4. **Real-Time Adaptation**:
- Automatically adapts to changing market conditions, maintaining accuracy and relevance.
## Use Cases:
- **Trend Following**: Identify and trade in the direction of established trends.
- **Breakout Trading**: Spot trend breaks and capitalize on momentum shifts.
- **Support and Resistance Analysis**: Use trend lines to identify key levels where price may react.
This indicator is an essential tool for traders seeking to combine technical precision with visual clarity in their analysis.
Static Gann High and Low Across All TimeframesStatic Gann High and Low Across All Timeframes
Static Gann High and Low Across All Timeframes
Static Gann High and Low Across All Timeframes
Static Gann High and Low Across All Timeframes
Static Gann High and Low Across All Timeframes
Static Gann High and Low Across All Timeframes
Static Gann High and Low Across All Timeframes
BMG-5 BY BMGBUY SIGNAL:
EMA cross up and candle closure below both EMA's
SELL SIGNAL :
EMA cross down and candle closure below both EMS's
ALERT:
Select and alert that for any of the functions