Reversal Opportunity📌 Indicator Description – Reversal Opportunity 🎯
🔍 General Overview
The Reversal Opportunity indicator is designed to identify ideal conditions for Reversal Trading, but it does not provide trade entry signals. Instead, it helps traders determine whether the market conditions are favorable for a potential reversal.
It is specifically designed for traders who execute Reversal trades (Long or Short) and want a clear indication of whether the market is currently suitable for such setups.
💡 What does this indicator do?
- Identifies strong momentum before a reversal (a sharp upward or downward move).
- Detects momentum slowdown (decreasing volume and smaller candles).
- Checks if the RSI is at an extreme level (above 70 or below 30), indicating potential overbought or oversold conditions.
- Displays a table at the top center of the screen with the following key data:
- Are the conditions for a reversal met?
- Is there a slowdown in momentum?
- Is RSI at an extreme level?
- Was there strong uptrend momentum before a possible Short Reversal?
- Was there strong downtrend momentum before a possible Long Reversal?
⚙️ How Does the Indicator Work?
The indicator displays a table in the center of the screen, updating every 5 candles to indicate whether the market conditions are ideal for a reversal trade.
📊 Main Status Row:
- ✔ Ideal Reversal Setup → Conditions for a reversal trade are met (not a trade recommendation).
- ✖ Not Ideal → Reversal conditions are not met; it may be better to wait.
📌 Key Criteria Displayed in the Table:
1. ⚠️ Momentum Slowdown
- Yes → Momentum is weakening (a good sign for reversal trades).
- No → The market is still moving strongly, and a reversal might not be ready yet.
2. 📈 RSI Extreme
- Yes → RSI is above 70 (overbought) or below 30 (oversold), indicating a potential reversal.
- No → RSI is still in a normal range, suggesting that waiting for further confirmation might be wise.
3. 📊 Uptrend Momentum Before Reversal
- Yes → There was a strong uptrend over multiple consecutive candles, potentially setting up for a Short Reversal.
- No → No strong upward momentum was detected, meaning conditions for a Short Reversal may not be ideal.
4. 📉 Downtrend Momentum Before Reversal
- Yes → There was a strong downtrend over multiple consecutive candles, potentially setting up for a Long Reversal.
- No → No strong downward momentum was detected, meaning conditions for a Long Reversal may not be ideal.
🛠️ How to Use the Indicator?
- If "✔ Ideal Reversal Setup" appears, there is a high probability of a market reversal – use your personal entry strategy for further confirmation.
- If Momentum Slowdown = Yes, RSI Extreme = Yes, and strong momentum occurred beforehand, this is an ideal setup for a reversal trade.
- If any conditions are missing ("No"), it may be better to wait for further confirmation instead of entering too early.
- The indicator does NOT provide trade entries! Use your existing trading system for confirmation before entering a trade.
👥 Who Is This Indicator For?
- Reversal traders (entering against the current trend after a strong move).
- Intraday traders looking for reversal trades at extreme market levels.
- Technical traders who rely on Price Action and Volume for trade setups.
⚠️ Disclaimer:
This indicator does not recommend trade entries but provides insight into market conditions. The trader is responsible for risk management and decision-making.
It is best used in combination with additional confirmations such as reversal candles, Order Flow, Bookmap, or Volume Profile to improve accuracy.
🚀 The indicator is ready to use – add it to TradingView and get instant feedback on whether the market is ideal for a Reversal trade!
指标和策略
Smoothed Candle Averages- NovaTheMachineThis script utilizes a series of moving averages that the user is able to change as they see fit for their own use.
The averages plotted for the first 2 waves are the High-Low rays of the selected period of time with the chosen moving average style.
The Bias is the Heikin Ashi High-Low ray plotted over the chosen time period, while the Secondary Bias is a higher Timeframe Bias for the same period of time on a selected higher timeframe.
The visuals for each ray are able to be changed to either; lines, solid wave, or dynamic wave.
The Dynamic waves will change color according to the total dissection and utilize the Min-Max range selected as a weight for the strength of the trend. Thus providing an at-a-glance overview of the price relative to trend.
The key objective with this script is to gauge the longer term trend with the current price action, to establish patterns and determine strength of moves both away from and towards the moving average/bias.
When both waves are trending with the Bias, it can be reasoned that there is a strong trend established, when waves and Bias are mixed or trending sideways it can be reasoned there is a range forming or potential for a direction change. When price has broken the waves and biases we can reasonably assume that a new trend has been formed, using the waves and biases again to determine the strength and length of the trend.
The Table will display whether the current price is above or below each wave, and whether the price is continuing or retracing. The Signals plotted are used to help identify when price has broken a wave more swiftly.
Ultra Robust Adaptive Trend FlowUltra Robust Adaptive Trend Flow
The Ultra Robust Adaptive Trend Flow indicator is designed to enhance market analysis, specifically for BTC, using a combination of advanced trend-following mechanisms and smooth adaptive techniques. It incorporates two key Exponential Moving Averages (EMAs) of different lengths to identify price direction, with dynamic color coding (green for upward trends, red for downward trends, and gray for neutral) to easily visualize market behavior.
Additionally, the indicator includes a built-in volume analysis filter to reduce "chop" or erratic price movements, ensuring more reliable trend identification. It is optimized for real-time market monitoring and adaptable to multiple timeframes for robust trading insights.
Key Features:
Trend Identification: Fast and slow EMAs to detect bullish and bearish trends.
Volume-based Anti-Chop Filter: Smooths out noise for clearer signals.
Multi-Timeframe Support: Designed for a variety of timeframes with dynamic adaptability.
Simplicity in Design: Offers both a price overlay and a hidden bottom indicator to help traders spot long-term trends without cluttering the chart.
This indicator is ideal for traders looking for adaptive trend-following strategies, with built-in trend reversal filters, ensuring a smoother and more reliable trading experience.
Anchored VWAPAnchored VWAP with 3 Standard Deviation Bands
📈 Version: Pine Script v5
📌 Author: Aymen Haddaji
🔍 Overview
This indicator calculates an Anchored Volume-Weighted Average Price (AVWAP), allowing traders to anchor the VWAP calculation from a user-defined date and time. It also plots three standard deviation bands above and below the AVWAP to help identify potential areas of overbought and oversold conditions.
📊 Features & Functionality
✔ Custom Anchor Point: Select a specific date and time to start the AVWAP calculation.
✔ OHLC/4 Calculation: Uses the average of Open, High, Low, and Close to smooth the price input.
✔ Three Standard Deviation Bands:
1st Deviation (Green): Moderate volatility zone.
2nd Deviation (Orange): High volatility zone.
3rd Deviation (Red): Extreme overbought/oversold areas.
✔ Real-Time Calculation: Updates dynamically with each price movement.
✔ Clear Visuals:
AVWAP (Blue Line) represents the fair market price from the anchor.
Deviation Bands (Dashed Lines) show potential support and resistance levels.
🛠 How It Works
VWAP Calculation
Uses a cumulative sum of price × volume divided by cumulative volume.
Calculation starts from the user-defined anchor time.
Standard Deviation Bands
Measures the price dispersion around the AVWAP.
The wider the bands, the higher the volatility.
When price touches or exceeds the 3rd deviation, a potential reversal zone is indicated.
Trading Strategies with AVWAP & Deviation Bands
Trend Confirmation:
Price above AVWAP = Uptrend (bullish).
Price below AVWAP = Downtrend (bearish).
Support & Resistance:
AVWAP acts as dynamic support or resistance.
1st & 2nd deviations often act as secondary levels.
Mean Reversion Trading:
When price reaches the 3rd standard deviation, a pullback is likely.
Breakout Confirmation:
A strong close above/below the 3rd deviation may indicate trend continuation.
⚙️ Input Settings
📍 Anchor Time: Allows you to set the exact date and time to start the AVWAP calculation.
🎯 Ideal For
✅ Intraday traders looking for short-term mean reversion plays.
✅ Swing traders identifying key support/resistance zones.
✅ Trend traders confirming long-term market direction.
✅ Volatility traders using standard deviation for trade entries.
Котенок Гав ищет неприятностиИндикатор вычисляет отношение среднего объема торгов за короткий период по отношению к более длинному, если это отношение больше заданного в настройках, то гистограмма выделяется соответствующими цветами.
PRIME RSIThe "PRIME RSI" is a custom variation of the traditional RSI (Relative Strength Index) that offers enhanced flexibility and precision. This indicator provides an adaptable approach for tracking market conditions across different timeframes, making it an ideal tool for both short-term and long-term traders.
Key Features:
Custom Timeframe Selection: Users can select any timeframe to calculate the RSI, providing the ability to analyze data beyond the current chart's timeframe.
Smoothing Methods: Choose between Exponential Moving Average (EMA), Simple Moving Average (SMA), or the Relative Moving Average (RMA) for smoother, more accurate RSI values.
Signal Line: The signal line is smoothed using the selected method and visualized with dynamic coloring to indicate bullish (green) or bearish (red) market conditions.
Overbought/Oversold Levels: Clear levels at 70 (overbought) and 30 (oversold), with fill zones to highlight extreme market conditions, helping traders spot potential reversal points.
Midline at 50: The centerline at 50 serves as a neutral zone, allowing traders to identify shifts in market momentum quickly.
Practical Use:
Trend Confirmation: Use the PRIME RSI to confirm the prevailing market trend, with signals above 50 suggesting bullish momentum and signals below 50 indicating bearish trends.
Overbought/Oversold Conditions: The indicator’s overbought and oversold regions help pinpoint potential market reversals, giving traders valuable entry and exit signals.
Ideal For: All types of traders who want a more flexible and customizable RSI for better trend analysis, especially those working with smaller timeframes or seeking a more responsive momentum indicator.
MACD platinum / zero lag MACD +MACD Platinum Indicator
MACD Platinum enhances the traditional MACD by incorporating Zero Lag EMAs for quicker signal generation. This adaptation was developed by John Ehlers and Rick Way, and gained popularity through Forex trader Jim Brown.
Other Distinctive Features Include:
1. Customizable Signal Line: Options include SMA, EMA, Zero Lag EMA, HMA, WMA (also known as LWMA), VWMA, and RMA (also known as SMMA or Wilder MA).
2. Adjustable MACD Line: Similar to the Signal Line, it can be set to SMA, EMA, Zero Lag EMA, HMA, WMA (LWMA), VWMA, or RMA (SMMA/Wilder MA).
3. Histogram Toggle: Users have the option to display or hide the histogram.
4. Multiple Timeframe Compatibility: Allows for the use of different time intervals from the chart's current interval.
5. Alert Functionality: Fully compatible with setting up alerts for trading signals.
I welcome your feedback to further refine this tool.
Thank you for your interest in MACD Platinum.
RangeLevelsA Range Calculator Indicator is a tool typically used in trading to determine the price range of an asset over a specified period. It calculates the difference between the highest and lowest prices within a set timeframe (e.g., daily, weekly, monthly). This indicator can help traders assess market volatility, identify potential support and resistance levels, and make more informed decisions about entry and exit points. By visualizing the range, traders can better understand price fluctuations and manage risk more effectively. The Range Calculator can be customized to different timeframes and asset types to suit specific trading strategies.
Optimized Smart Money Concept for BTCUSDThis indicator identifies breakout patterns in BTCUSD and calculates potential entry points, stop losses, and take profits based on a user-defined risk/reward ratio. It visually marks these levels on the chart, making it easier for traders to spot opportunities.
To optimize this indicator for BTCUSD, we should consider a few factors specific to Bitcoin's price action, such as its volatility, market behavior, and typical patterns. Here's a list of potential adjustments to improve the performance of the strategy for BTCUSD:
1. Volatility Considerations: BTCUSD tends to experience higher volatility, so we might want to adjust the stop-loss and take-profit levels to accommodate these fluctuations.
2. Period Lengths: Bitcoin's price action may respond better to different period lengths for indicators like RSI, MACD, and the swing points.
3. Breakout Conditions: Bitcoin often experiences significant breakouts, so optimizing the breakout pattern and using larger lookback periods for detecting support and resistance might help improve the signal accuracy.
4. Risk/Reward Ratio: You might want to experiment with a wider risk/reward ratio for BTCUSD, given its price swings.
WAGMI LAB Trend Reversal Indicator HMA-Kahlman (m15)WAGMI HMA-Kahlman Trend Reversal Indicator
This indicator combines the Hull Moving Average (HMA) with the Kahlman filter to provide a dynamic trend reversal signal, perfect for volatile assets like Bitcoin. The strategy works particularly well on lower timeframes, making it ideal for intraday trading and fast-moving markets.
Key Features:
Trend Detection: It uses a blend of HMA and Kahlman filters to detect trend reversals, providing more accurate and timely signals.
Volatility Adaptability: Designed with volatile assets like Bitcoin in mind, this indicator adapts to rapid price movements, offering smoother trend detection during high volatility.
Easy Visualization: Buy (B) and Sell (S) signals are clearly marked with labels, helping traders spot trend shifts quickly and accurately.
Trendlines Module: The indicator plots trendlines based on pivot points, highlighting important support and resistance levels. This helps traders understand the market structure and identify potential breakout or breakdown zones.
Customizable: Adjust the HMA and Kahlman parameters to fit different assets or trading styles, making it flexible for various market conditions.
Usage Tips:
Best Timeframes: The indicator performs exceptionally well on lower timeframes (such as 15-minute to 1-hour charts), making it ideal for scalping and short-term trading strategies.
Ideal for Volatile Assets: This strategy is perfect for highly volatile assets like Bitcoin, but can also be applied to other cryptocurrencies and traditional markets with high price fluctuations.
Signal Confirmation: Use the trend signals (green for uptrend, red for downtrend) along with the buy/sell labels to help you confirm potential entries and exits. It's also recommended to combine the signals with other technical tools like volume analysis or RSI for enhanced confirmation.
Trendline Analysis: The plotted trendlines provide additional visual context to identify key market zones, supporting your trading decisions with a clear view of ongoing trends and possible reversal areas.
Risk Management: As with any strategy, always consider proper risk management techniques, such as stop-loss and take-profit levels, to protect against unforeseen market moves.
MACD Indicator with Buy and Sell AlertsIntroduction
The MACD Indicator with Alerts & Manual Thresholds is a powerful and customizable MACD-based trading tool designed for traders who want more control over their buy and sell signals. This script allows users to define their own buy and sell thresholds instead of relying solely on standard MACD crossovers. The built-in alerts help traders stay informed about potential trade opportunities without constantly monitoring charts.
How It Works
This script calculates the Moving Average Convergence Divergence (MACD) using customizable fast and slow moving averages. The MACD histogram is derived from the difference between the MACD line and the signal line:
MACD Line: The difference between a fast-moving average (default 12-period EMA) and a slow-moving average (default 26-period EMA).
Signal Line: A smoothed moving average (default 9-period EMA) of the MACD line.
Histogram: The difference between the MACD line and the signal line.
Instead of using default zero-line crossovers, this script allows traders to set custom buy and sell threshold levels:
A buy signal is generated when the MACD histogram crosses above the user-defined buy threshold.
A sell signal is generated when the MACD histogram crosses below the user-defined sell threshold.
Benefits of This Indicator
Custom Thresholds: Unlike traditional MACD indicators, traders can adjust buy and sell thresholds according to their strategy.
Automated Alerts: Get notified instantly when buy or sell conditions are met.
Flexibility in Calculation: Choose between SMA or EMA for both the MACD and signal line calculations.
Clear Visualization: Histogram bars color-coded for quick analysis.
Risks and Limitations
While the MACD indicator is a widely used tool, traders should be aware of its potential risks:
Lagging Indicator: MACD is a trend-following indicator, meaning it may generate signals with some delay.
False Signals in Ranging Markets: MACD works best in trending markets but can produce misleading signals in sideways conditions.
Threshold Optimization Required: Users need to experiment with different buy/sell thresholds to align with their trading strategy and market conditions.
Improving Accuracy with Additional Indicators
For better accuracy and confirmation, combining this MACD strategy with other indicators is recommended:
1. EMA 200 as a Trend Filter
Use the 200-period EMA to determine the overall trend direction.
Consider buying only when price is above EMA 200 (uptrend) and selling only when price is below EMA 200 (downtrend).
2. RSI (Relative Strength Index) for Overbought/Oversold Conditions
RSI (14) can help filter false MACD signals.
A MACD buy signal is stronger when RSI is below 30 (oversold condition).
A MACD sell signal is more reliable when RSI is above 70 (overbought condition).
3. Support & Resistance Levels
Consider placing trades near major support or resistance zones to avoid chasing breakouts.
MACD signals are more effective when they align with these key price levels.
Conclusion
The MACD Indicator with Alerts & Manual Thresholds offers a flexible and powerful approach to trading by allowing users to define their own thresholds. However, for best results, it should be combined with additional indicators such as EMA 200, RSI, and support/resistance levels. Traders should backtest and optimize settings to suit their market conditions and trading style.
By using this indicator alongside proper risk management techniques, traders can enhance their decision-making process and improve their overall trading performance.
Happy Trading!
Ayebale - Trading - Bot (5min Tune)This Pine Script v5 strategy is designed to trade on a 5‑minute timeframe using a combination of technical indicators and session filtering, with enhanced visual feedback through on‐chart tables. Here’s an overview of its main components and functionality:
Input Settings and Visuals:
The script defines color inputs for bullish and bearish signals as well as for fair value gap (FVG) markings.
Parameters such as the ATR period, ATR multiplier for stop-loss, and a series of take-profit (TP) multipliers are adjustable to fine-tune the strategy for short-term (5‑minute) trading.
ATR and Price Levels:
A shorter ATR period is used to calculate volatility, which then determines the stop-loss distance and take-profit levels.
The highest high and lowest low over the last 20 bars are computed to help generate entry signals.
Fair Value Gap (FVG) Detection:
The script checks for conditions where a “gap” exists between previous bars (a bullish or bearish fair value gap).
If a fair value gap is detected, it can trigger entry signals. FVG zones are drawn on the chart with high transparency for subtle visual reference.
Session Timing Based on Nairobi Time (UTC+3):
Session start and end times for London, New York, and Tokyo are defined using the "Africa/Nairobi" timezone.
A helper function determines whether each session is “Ongoing,” “Not Started,” or “Ended” based on the current time, and calculates the remaining time until the next session start.
Trading is enabled only when at least one of these sessions is “Ongoing,” and the strategy is further restricted to weekdays (Monday to Friday).
Entry and Exit Logic:
The strategy generates buy signals when the close crosses over the recent low or when a bullish FVG is identified; conversely, it generates sell signals when the close crosses under the recent high or a bearish FVG is detected.
For each trade signal, the code enters 5 orders (each with varying TP levels calculated using the ATR and TP multipliers) and sets the stop-loss based on the ATR multiplied by the user-defined multiplier.
Trade Information Table (Bottom Right):
A trade information table is created with 2 columns by 9 rows.
Each row is dedicated to a specific trade metric:
Row 0: Trade side (e.g., “BUY NOW” or “SELL NOW”)
Row 1: Entry price
Rows 2–6: Five TP levels (TP1 to TP5)
Row 7: Stop-loss level
Row 8: Timer showing the elapsed time since the trade entry
The table updates dynamically based on trade executions and includes conditional cell background colors (for example, highlighting TP levels when certain conditions are met).
Session Information Table (Top Right):
A separate table displays session information, including the session name, its current status (with dynamic background colors: red for “Ended,” orange for “Not Started,” and dark green for “Ongoing”), and the time remaining in the session.
Overall Strategy Behavior:
The strategy only executes trades when the market is active during one or more of the specified sessions and only on trading days (Monday to Friday).
It is tuned for a 5‑minute chart, with more reactive ATR and TP levels suitable for short-term trading.
This comprehensive script not only defines a technical trading strategy but also provides real-time visual feedback and session-based filtering, making it a robust tool for traders who operate on short timeframes and need clear, dynamic information on trade performance and market sessions.
AyebaleJohnBob-Trading-BotAyebale John Bob - Trading-Bot Overview:
This trading strategy is designed to automate trades based on the "Smart Money Concepts" and "Fair Value Gaps" (FVG). The bot leverages multiple technical indicators and logic to execute buy and sell trades with dynamic stop-loss and take-profit (TP) levels.
Key Features:
User Inputs:
Bull & Bear Colors: Customizable colors for bullish and bearish trends.
Fair Value Gap (FVG) Color: Customizable color for visualizing FVG zones.
ATR Multiplier: Defines the sensitivity of stop-loss calculations based on Average True Range (ATR).
Take-Profit Multipliers: A set of five multipliers that scale take-profit levels dynamically.
Trade Signals:
Buy Signal: Generated when the price crosses above a certain low or when a bullish Fair Value Gap (FVG) is detected.
Sell Signal: Triggered when the price crosses below a high or when a bearish FVG is identified.
Stop-Loss & Take-Profit Logic:
Stop-loss levels are calculated using ATR and the specified multiplier.
Take-profit levels are dynamically determined based on the ATR multipliers, with five different levels for each trade.
Trade Execution:
The strategy allows for five simultaneous buy or sell entries, with each having its own take-profit and stop-loss levels.
The bot operates continuously, without any session restrictions, allowing trades at any time.
Visual Indicators:
Entry Signals: Visual shapes (green for buy and red for sell) appear on the chart to indicate entry points.
Progress Bar: A real-time progress bar is plotted, tracking the percentage gain/loss from the entry price.
Trade Information Table:
A dynamic table is used to display important trade information, including entry price, take-profit levels, and stop-loss. This table updates for each new trade (buy or sell), and shows real-time trade progress.
Risk Management:
The stop-loss is dynamically adjusted based on the ATR calculation, ensuring that the bot adapts to changing market volatility.
Take-profit levels are spread across five increments, offering multiple opportunities for profit capture.
Summary:
The Ayebale John Bob - Trading-Bot is designed to implement a sophisticated strategy that combines smart money concepts, fair value gap analysis, and robust risk management. It provides real-time trade information, progress tracking, and a flexible approach to stop-loss and take-profit strategies. The bot is ideal for traders looking to automate trades and visually track their progress directly on the chart.
Z RSI Trendlines BreakoutThe RSI Trendline Breakout Indicator is a technical analysis tool designed to identify potential trend reversals and breakout opportunities using Relative Strength Index (RSI) trendlines. This indicator automatically plots trendlines on RSI based on pivot highs and lows and provides breakout signals when RSI crosses these trendlines.
Support, Resistance and Median with Trend"This Pine Script indicator, 'Support, Resistance and Median with Trend', offers traders a comprehensive view of market dynamics using key technical analysis principles.
Key Features:
Dynamic Support and Resistance: The script calculates and plots support and resistance levels based on the highest highs and lowest lows over a customizable historical period.
Median Line: A median line is plotted between support and resistance, serving as a key reference for price action.
Trend Detection: The indicator determines the current trend by comparing the closing price to the median line, offering a simple yet effective trend identification method.
Visual Trend Indicator: A color-coded box in the top-right corner displays the current trend (Uptrend, Downtrend, or Neutral), providing at-a-glance trend information.
Level Projections: The script projects support, resistance, and median levels into future periods, helping traders anticipate potential price movements.
Customization: Users can adjust the historical length for calculations, allowing for fine-tuning based on individual trading styles and timeframes.
withoutfaking Advanced charts readerFeatures:
1. Multi-Timeframe Adaptive:
- Triple EMA system (21/50/200) identifies macro/micro trends
- ADX filter ensures trades only in strong momentum phases
2. Elliott Wave Integration:
- Proprietary EWO (Elliott Wave Oscillator) with signal line
- Detects wave 3 acceleration and wave 5 exhaustion
3. Smart Money Detection:
- Volume-weighted MFI filters false breakouts
- Combined with Stochastic for precision timing
4. Adaptive Alerts:
- Multi-condition confluence required for signals
- Self-adjusting to any timeframe (1m - monthly)
Usage:
- Day Trading: Use on 5-15m charts with tighter EMA settings
- Swing Trading: Apply on 1H-4H with default parameters
- Investing: Weekly/Monthly charts with 50/200 EMA cross
Signal Logic:
- Entries require 5/34 EWO cross + EMA alignment + volume confirmation
- Exits trigger at opposing MFI extreme + EMA flip
Risk Management:
- Bullish signals invalidate below 21 EMA
- Bearish signals cancel above 50 EMA
This system combines institutional flow analysis with technical patterns, designed to adapt to both mean-reverting and trending markets.
Bull vs Bear CandlesThe Bull vs Bear Candles indicator helps you analyze market sentiment by counting and comparing bullish and bearish candles. It tracks the number of bullish candles and calculates their percentage, then does the same for bearish candles. Based on this data, the indicator determines whether bulls or bears are in control. Additionally, it counts the total number of candles within the selected range, giving you a clearer picture of price action. Use this tool to quickly assess market trends and make more informed trading decisions. 🚀
Nextone Daily RangeShow daily range in lower timeframes.
It shows a box for the high and low of the day and an arrow for the open and close of the day with green and red colours.
QoQ Economic & Financial Indicator ChangesA straightforward indicator for analyzing quarter-over-quarter (QoQ) percentage changes in economic and financial data series. Perfect for visualizing dynamic changes in:
Economic Indicators (GDP, House Price Indices, Employment Figures)
Company Financial Metrics (Revenue, EPS, Operating Margins)
Balance Sheet Items (Assets, Liabilities, Equity)
Cash Flow Statement Components
Other Quarterly Economic & Financial Data
Features:
Automatically calculates QoQ percentage changes
Color-coded visualization (green for positive, red for negative changes)
Displays exact percentage values
Includes adjustable scale factor for different data series
Zero line reference for easy trend identification
Simplified MA Crossover Strategy with toggle RSI/ATR options1. Strategy Overview
MA Crossover Logic: The strategy uses two simple moving averages (short and long) to generate buy/sell signals.
Buy Signal: When the short MA crosses above the long MA.
Sell Signal: When the short MA crosses below the long MA.
Filters: The strategy includes optional RSI and ATR filters to refine entry conditions.
Risk Management: Includes stop-loss, take-profit, and position sizing based on a percentage of equity.
2. Inputs
MA Lengths:
shortLength: Length of the short MA (default: 9).
longLength: Length of the long MA (default: 21).
RSI Filter:
enableRSI: Toggle to enable/disable the RSI filter.
rsiLength: RSI calculation period (default: 14).
rsiOverbought: Overbought threshold (default: 70).
rsiOversold: Oversold threshold (default: 30).
ATR Filter:
enableATR: Toggle to enable/disable the ATR filter.
atrLength: ATR calculation period (default: 14).
minATR: Minimum ATR threshold for trade entry (default: 0.005).
Risk Management:
stopLossPerc: Stop-loss percentage (default: 0.5%).
riskRewardRatio: Risk-reward ratio for take-profit calculation (default: 2).
riskPercentage: Percentage of equity to risk per trade (default: 2%).
3. Indicators
Moving Averages:
shortMA: Short-term simple moving average.
longMA: Long-term simple moving average.
RSI: Relative Strength Index for filtering overbought/oversold conditions.
ATR: Average True Range for volatility filtering.
4. Trade Conditions
Long Condition:
Short MA crosses above the long MA.
RSI is below the overbought level (if RSI filter is enabled).
ATR is above the minimum threshold (if ATR filter is enabled).
Short Condition:
Short MA crosses below the long MA.
RSI is above the oversold level (if RSI filter is enabled).
ATR is above the minimum threshold (if ATR filter is enabled).
5. Risk Management
Position Sizing:
positionSize: Calculated based on the percentage of equity to risk and the stop-loss level.
Take-Profit and Stop-Loss:
takeProfitLevel: Calculated using the risk-reward ratio.
stopLossLevel: Calculated using the stop-loss percentage.
6. Trade Execution
Long Entry:
Triggers when the long condition is met.
Sets a take-profit and stop-loss level.
Short Entry:
Triggers when the short condition is met.
Sets a take-profit and stop-loss level.
7. Plotting
Moving Averages:
Short MA (blue) and Long MA (red) are plotted on the chart.
RSI Levels:
Overbought (red) and oversold (green) levels are plotted as horizontal lines.
ATR:
ATR is plotted in orange.
Trade Signals:
Buy signals are marked with a green "BUY" label below the bar.
Sell signals are marked with a red "SELL" label above the bar.
8. Customization
You can adjust the input parameters (e.g., MA lengths, RSI/ATR settings, risk management values) to suit your trading preferences.
Disable/enable filters (RSI and ATR) using the enableRSI and enableATR inputs.
9. Notes
This strategy is designed for educational purposes and should be thoroughly tested before use in live trading.
Consider optimizing the parameters (e.g., MA lengths, RSI/ATR thresholds) for specific markets or timeframes.
Ensure proper backtesting and forward testing to evaluate performance under different market conditions.
Enhanced Buy/Sell Signals with Confirmation(Bobbin Thomas)Usage Notes:
Buy Signals (Green Triangles) appear when:
Fast EMA crosses above Slow EMA
RSI crosses back above 30 (oversold recovery)
MACD line crosses above signal line
Price is above both EMAs (uptrend confirmation)
Sell Signals (Red Triangles) appear when:
Fast EMA crosses below Slow EMA
RSI crosses below 70 (overbought rejection)
MACD line crosses below signal line
Price is below both EMAs (downtrend confirmation)
This conservative approach helps filter out false signals by requiring alignment between trend direction (EMAs), momentum (MACD), and market strength (RSI). For best results, use on daily or weekly charts and combine with fundamental analysis.
MACD with Candle DisplayMACD Calculation:
Uses user-defined Fast Length, Slow Length, and Signal Smoothing parameters to compute MACD.
Supports SMA (Simple Moving Average) or EMA (Exponential Moving Average) for the MACD line and signal line
Histogram-Based Candle Coloring:
The script categorizes histogram bars into four states:
0 (Very Bullish) → Green
1 (Likely Bearish) → Blue
2 (Likely Bullish) → Orange
3 (Very Bearish) → Red
Histogram Plot:
Displays histogram bars with distinct colors based on price momentum changes.
Market Sentiment Display in Status Line & Price Scale:
Instead of adding a label on the chart (which could obstruct candles), a text display is shown in the price scale and status line:
"0 Very Bullish"
"1 Likely Bearish"
"2 Likely Bullish"
"3 Very Bearish"
The text appears in the top-right corner with white font on a black background.
Purpose:
This indicator enhances the standard MACD by incorporating candle coloring and a cleaner sentiment display in the price scale, helping traders quickly interpret market momentum without cluttering the chart.
