Head and Shoulders PatternHello Traders!
The Head and Shoulders Pattern indicator utilizes a unique swing-based pattern recognition to pinpoint head and shoulders patterns in real-time with unparalleled precision.
The head and shoulders chart pattern is a technical analysis pattern used to identify potential trend reversals in financial markets. It consists of three swing highs (peaks), with the middle peak being the highest and the two outside swing highs being slightly lower. The middle peak is referred to as the "head" and the two outside peaks are referred to as the "shoulders."
The pattern typically forms after an uptrend and is in most cases a bearish signal. The neckline is a support level that connects the lows of the two shoulders. Once the price breaks below the neckline, the pattern is confirmed, and a new down trend starts. Conversely, an "inverse head and shoulders" pattern forms after a downtrend and is a bullish signal.
Feature List
Real-time pattern detection
Visualization of entry, stop-loss and take-profit levels
Pattern performance statistics
Calculation of risk-rewards ratio
Risk Management
Breakout alerts
Customizable pattern size and accuracy
Customizable look and feel
The value of this indicator is to support traders to easily identify the Head and Shoulders pattern in an automated way. The special swing-based pattern recognition and the numerous built-in premium features make this indicator unique. The trader saves a lot of time scanning the markets for head and shoulders patterns, since everything is done automatically for the trader: Finding the pattern, looking and alerting for a breakout, computing the entry, stop loss and take profit levels as well as handling the risk management and computing the optimal order quantity.
How to Trade with the TRN Head and Shoulders Indicator
Identify the Pattern
Add the Head and Shoulders Pattern Indicator to your chart and look for the pattern on the asset and timeframe of your choice. The pattern is detected in real-time. If the pattern develops further in the next bars, then the indicator updates the pattern accordingly until a breakout is confirmed or the pattern becomes invalid.
You can also use the built-in alerts to easily get notified when a pattern occurs. In the indicator settings in the "Alerts" section you can choose whether you want to get notified when a pattern is
1. in the making (Pattern active),
2. confirms an up breakout (B/O Up Confirmed)
3. confirms a down breakout (B/O Down Confirmed)
4. (Unconfirmed) in case a pattern breakout occurs, even if the pattern is not yet confirmed
This allows you to stay informed about potential breakout opportunities that are still awaiting confirmation.
Check Pattern Statistics
The pattern statistics make it easy for you to see how successful a pattern is on the asset and timeframe you are watching. You should always check the statistics before entering a trade. The chart displays the statistics in the upper right corner. These statistics are categorized into two sections: "long" for inverse head and shoulders patterns and "short" for head and shoulders patterns.
In the initial columns, labeled as "short" and "long", the identified breakouts are further divided based on whether the risk-reward ratio (R) is below a specified value (< x) or equal to/greater than the specified value (>= x). The following columns represent the count of the events:
1. Occ. (Occurrence) categorized according to the values of R from the first column
2. TP1, TP2, TP3 (Take Profit) - targets 1, 2 and 3
3. SL (Stop Loss)
4. T/O (Time Out) - neither stop loss or targets where hit in a certain amount of time
Breakout – Entry, Stop Loss and Targets
The indicator automatically displays the entry price line (EP) in grey at the point where the price breaks through the neckline, indicating a breakout. Once a breakout has been confirmed, place a buy order near the EP level for a long position, or a sell order for a short position. Set your stop-loss at the price level of the red stop-loss line (SL) and set your take-profits at the price level of the green take-profit-lines (TP1, TP2, TP3).
Risk Management
The Head and Shoulders Pattern Indicator comes with a built-in risk management feature. Just go to the settings and scroll down to the section "Risk Management". Here you can enter your Account Size and the percentage you want to Risk when you enter a position after a pattern breakout.
In the "Trade Management" section, you have the option to define the minimum accepted risk-reward ratio for confirmed rectangles. This means that breakouts of patterns failing to meet the minimum risk-reward ratio will not be considered as confirmed signals. If a breakout gets confirmed, the indicator automatically calculates the position size (Quantity). You can read the quantity from the gray entry point line (EP), which is located to the right of the risk-reward ratio (R). Note that your risk-reward ratio (R) is calculated based on TP1.
Customization and Settings
The indicator can scan for smaller and larger patterns at the same time. Adjust the Head and Shoulders Sizes in the indicator settings to align them with your preferences. A larger size results in larger patterns. Depending on the asset class, the market or the market phase, different sizes should be used for the Head and Shoulders pattern detection.
To detect more patterns, increase the tolerance level, even though it may result in lower accuracy. However, be mindful that a higher tolerance level may result in more patterns hitting their stop-loss. Look for a tolerance level that leads to favorable statistics and focus on trading patterns with a proven performance history.
Finally, you have the flexibility to customize various visual elements, such as the color of the pattern and whether to display values like price, target, or risk-reward ratio on your chart. You can also choose where these values appear.
Computation Details
The real-time detection of the Head and Shoulders Pattern Indicator utilizes a unique swing-based pattern recognition. The difference to other swing-based computations is that the pivot points are identified without a look-ahead value. The result is a faster and better real-time detection. Furthermore, the detection of the ratios between the single swings is based on a dynamic volatility measurement similar to the ATR. The tolerance level unites several internal parameters into one and results in a user-friendly setting.
Risk Disclaimer
The content, tools, scripts, articles, and educational resources offered by TRN Trading are intended solely for informational and educational purposes. Remember, past performance does not ensure future outcomes.
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Harmonic Patterns SuiteHello Traders!
This indicator takes the time-consuming search for harmonic patterns completely off your hands. TRN Harmonics utilizes a unique swing-based pattern recognition to pinpoint 14 different harmonic patterns in real-time with unparalleled precision.
Pattern List (each pattern has a bullish and a bearish version)
Gartley
Bat
Butterfly
Crab
Cypher
Shark
5-0
Feature List
Real-time harmonic pattern detection
7 different built-in breakout conditions
Visualization of entry, stop-loss and take-profit levels
Pattern performance statistics
Calculation of risk-rewards ratio
Risk Management
Breakout alerts
Customizable pattern size and accuracy
Customizable look and feel
The value of this indicator is to support traders to easily identify harmonic patterns in an automated way. The special swing-based pattern recognition and the numerous built-in premium features make this indicator unique. The trader saves a lot of time scanning the markets for harmonic patterns, since everything is done automatically for the trader: Finding the pattern, looking and alerting for a breakout, computing the entry, stop loss and take profit levels as well as handling the risk management and computing the optimal order quantity.
How to Trade with the Harmonic Patterns Suite
Identify the Pattern
Add the Harmonic Patterns Suite to your chart and look for patterns on the asset and timeframe of your choice. The patterns are detected in real-time. If a pattern develops further in the next bars, then the indicator updates the pattern accordingly until a breakout is confirmed or the pattern becomes invalid.
You can also use the built-in alerts to easily get notified when a pattern occurs. In the indicator settings in the "Alerts" section you can choose whether you want to get notified when a pattern is
1. in the making (Pattern active),
2. confirms an up breakout (B/O Up Confirmed)
3. confirms a down breakout (B/O Down Confirmed)
4. (Unconfirmed) in case a pattern breakout occurs, even if the pattern is not yet confirmed
This allows you to stay informed about potential breakout opportunities that are still awaiting confirmation.
Check Pattern Statistics
The pattern statistics make it easy for you to see how successful a pattern is on the asset and timeframe you are watching. You should always check the statistics before entering a trade. The chart displays the statistics in the upper right corner. These statistics are categorized into two sections: "long" for patterns with an upward breakout and "short" for patterns with a downward breakout.
In the initial columns, labeled as "short" and "long", the identified breakouts are further divided based on the different harmonic patterns. The following columns represent the count of the events:
1. Occ. (Occurrence) categorized according to the values of R from the first column
2. TP1, TP2 (Take Profit) - targets 1 und 2
3. SL (Stop Loss)
4. T/O (Time Out) - neither stop loss or targets where hit in a certain amount of time
Breakout – Entry, Stop Loss and Targets
The indicator automatically displays the entry price line (EP) in grey at the point where the breakout got detected. Once a breakout has been confirmed, place a buy order near the EP level for a long position, or a sell order for a short position. Set your stop-loss at the price level of the red stop-loss line (SL) and set your take-profits at the price level of the green take-profit-lines (TP1, TP2).
Risk Management
The Harmonic Patterns Suite comes with a built-in risk management feature. Just go to the settings and scroll down to the section "Risk Management". Here you can enter your Account Size and the percentage you want to Risk when you enter a position after a pattern breakout.
In the "Trade Management" section, you have the option to define the minimum accepted risk-reward ratio for confirmed harmonic patterns. This means that breakouts of patterns failing to meet the minimum risk-reward ratio will not be considered as confirmed signals. If a breakout gets confirmed, the indicator automatically calculates the position size (Quantity). You can read the quantity from the gray entry point line (EP), which is located to the right of the risk-reward ratio (R). Note that your risk-reward ratio (R) is calculated based on TP1.
Customization and settings
The indicator can scan for smaller and larger patterns at the same time. Adjust the harmonics size in the indicator settings to align them with your preferences. A larger size results in larger consolidations. Depending on the asset class, the market or the market phase, different sizes can be used for pattern detection.
To detect more patterns, increase the tolerance level, even though it may result in lower accuracy. However, be mindful that a higher tolerance level may result in more patterns hitting their stop-loss. Look for a tolerance level that leads to favorable statistics and focus on trading patterns with a proven performance history.
Finally, you have the flexibility to customize various visual elements, such as the color of the pattern and whether to display values like price, target, or risk-reward ratio on your chart. You can also choose where these values appear.
Breakout Conditions
Identifying breakout conditions is paramount for successfully recognizing and capitalizing on chart patterns. Trading tools equipped with diverse breakout conditions offer traders a comprehensive approach to deciphering market trends and making informed decisions.
This section delves into the set of breakout conditions built within TRN Harmonics, exploring their functionalities, applications, and the benefits they provide in the realm of chart pattern recognition.
TRN Bars Signal + Trend
The Harmonics Pattern Suite includes also the TRN Bars algorithm. It is designed to spot bullish and bearish trends and reversals. The trend analysis is based on a new algorithm that weights several different inputs:
1. classical and advanced bar patterns and their statistical frequency
2. probability distributions of price expansions after certain bar patterns
3. bar information such as wick length in %, overlapping of the previous bar in % and many more
4. historical trend and consolidation analysis
If you use this breakout condition, the breakout is determined by the next signal (reversal, continuation, breakout) or trend change of the TRN bars after one of the harmonic patterns has been completed. These Breakout conditions give you the accurate trend recognition of the TRN Bars to find the perfect entry.
TRN Bars Signal
If a harmonic pattern gets completed and you use this breakout condition, the breakout will be determined by the next confirmed signal (reversal, continuation, breakout) of the TRN Bars. These Breakout Condition delivers signals with reenforced reliability, but they occur not as often as other breakout conditions.
RSI Crossing
With this breakout condition, a breakout for a long position gets determined, when the RSI line crosses above the RSI moving average (MA) after one of the harmonic patterns has been completed. A bearish breakout after a completed harmonic pattern gets determined, when the RSI line crosses below the RSI MA.
You can choose your preferred RSI and MA length in the indicator settings under the “Trade Management” section.
MACD Crossing
If a harmonic pattern gets completed and you use this breakout condition, the breakout gets determined, when the MACD line crosses above the signal line (bullish MACD crossover) for a bullish breakout. Conversely, when the MACD line crosses below the signal line (bearish MACD crossover), a bearish breakout gets determined after a harmonic pattern was completed.
You can choose your preferred MACD length in the indicator settings under the “Trade Management” section.
Swing Flip
Use this breakout condition, if you want a breakout to get determined when the next swing after point D gets detected by the build in swing detection algorithm of TRN Harmonics.
Close Below/Above Last 2 Lows/Highs
With this breakout condition, a breakout for a short position gets determined, if a close below the lows of the last 2 bars gets detected. For a long position, the breakout gets determined if a close above the highs of the last 2 bars gets detected.
Close Below/Above Last 3 Lows/Highs
In this scenario, a short position breakout is confirmed if the price closes below the lows of the previous 3 bars. Conversely, a long position breakout is confirmed if the price closes above the highs of the last 3 bars.
How To Setup Breakout Conditions
Go to indicator settings and choose one of our built-in breakout conditions under the section "Trade Management" of the menu item "Inputs", like for example TRN Bars Signal + Trend. A selection of 7 distinct breakout conditions is at your disposal.
If you use the default settings of the Harmonic Patterns Suite, TRN Bars Signal + Trend will be the breakout condition for the detected harmonic patterns.
Computation Details
The real-time detection of the harmonic patterns utilizes a unique swing-based pattern recognition. The difference to other swing-based computations is that the pivot points are identified without a look-ahead value. The result is a faster and better real-time detection. Furthermore, the detection of the ratios between the single swings is based on a dynamic volatility measurement similar to the ATR. The tolerance level unites several internal parameters into one and results in a user-friendly setting.
Risk Disclaimer
The content, tools, scripts, articles, and educational resources offered by TRN Trading are intended solely for informational and educational purposes. Remember, past performance does not ensure future outcomes.
Consolidation and Range PatternHello Traders!
The TRN Consolidation and Range Pattern indicator utilizes a unique swing-based pattern recognition to pinpoint consolidation zones in real-time with unparalleled precision. The rectangle pattern, also known as a trading range or a consolidation pattern, is characterized by horizontal lines that act as support and resistance levels, creating a rectangular shape.
The value of this indicator is to support traders to easily identify consolidations and ranges. The special swing-based pattern recognition and the numerous built-in premium features make this indicator unique. Below, you'll find a list of these features.
Feature List
Real-time consolidation/range detection
Visualization of entry, stop-loss and take-profit levels
Pattern performance statistics
Calculation of risk rewards ratio
Risk Management
Breakout alerts
Customizable pattern size and accuracy
Customizable look and feel
The trader saves a lot of time scanning the markets for consolidation patterns, since everything is done automatically for the trader: Finding the consolidation, looking and alerting for a breakout, computing the entry, stop loss and take profit levels as well as handling the risk management and computing the optimal order quantity. Now, we describe how a combination of these features enhances the trading performance of confirmed consolidation patterns.
How to Trade with the TRN Consolidation and Range Pattern
Identify the Pattern
Add the TRN Consolidation and Range Pattern to your chart and look for the pattern on the asset and timeframe of your choice. The pattern is detected in real-time. If the pattern develops further in the next bars, then the indicator updates the consolidation zone until a breakout is confirmed.
You can also use the built-in alerts to easily get notified when a pattern occurs. In the indicator settings in the "Alerts" section you can choose whether you want to get notified when a pattern is in the making (Pattern active), confirms a breakout to the upside (B/O Up Confirmed) or confirms a breakout to the downside (B/O Down Confirmed). By selecting the "Unconfirmed" option, you will receive notifications when a pattern breakout occurs, even if it is not yet confirmed. This allows you to stay informed about potential breakout opportunities that are still awaiting confirmation.
Check Pattern Statistics
The pattern statistics make it easy for you to see how successful a pattern is on the asset and timeframe you are watching. You should always check them out before entering a trade. The chart displays the statistics in the upper right corner. These statistics are categorized into two sections: "long" for patterns with an upward breakout and "short" for patterns with a downward breakout.
In the initial columns, labeled as "short" and "long", the identified breakouts are further divided based on whether the risk-reward ratio (R) is below a specified value (< x) or equal to/greater than the specified value (>= x). The following columns represent the count of the events:
1. Occ. (Occurrence) categorized according to the values of R from the first column
2. TP1, TP2, TP3 (Take Profit) - targets 1, 2 and 3
3. SL (Stop Loss)
4. T/O (Time Out) - neither stop loss or targets where hit in a certain amount of time
Breakout – Entry, Stop Loss and Targets
The indicator automatically displays the entry price line (EP) in grey et the point where the price breaks through the resistance or support levels, indicating that the consolidation period is over. Once a breakout has been confirmed, place a buy order near the EP level for a long position, or a sell order for a short position. Set your stop-loss at the price level of the red stop-loss line (SL) and set your take-profits at the price level of the green take-profit-lines (TP1, TP2, TP3). Note that your risk-reward ratio (R) was calculated based on TP1.
Risk Management
The TRN Consolidation and Range Pattern comes with a built-in risk management feature. Just go to the settings and scroll down to the section "Risk Management".
Here you can enter your Account Size and the percentage you want to Risk when you enter a position after a pattern breakout.
In the "Trade Management" section, you have the option to define the minimum accepted risk-reward ratio for confirmed rectangles. This means that breakouts of patterns failing to meet the minimum risk-reward ratio will not be considered as confirmed signals.
If a breakout gets confirmed, the indicator automatically calculates the position size (Quantity). You can read the quantity from the gray entry point line (EP), which is located to the right of the risk-reward ratio (R).
Customization and Settings
The indicator can scan for smaller and larger patterns at the same time. Adjust the consolidation sizes in the indicator settings to align them with your preferences. A larger size results in larger consolidations. Depending on the asset class, the market or the market phase, different sizes can be used for the consolidation detection.
To detect more patterns, increase the tolerance level, even though it may result in lower accuracy. However, be mindful that a higher tolerance level may result in more patterns hitting their stop-loss. Look for a tolerance level that leads to favorable statistics and focus on trading patterns with a proven performance history.
Finally, you have the flexibility to customize various visual elements, such as the color of the pattern and whether to display values like price, target, or risk-reward ratio on your chart. You can also choose where these values appear.
Computation Details
The real-time detection of the consolidations and ranges utilizes a unique swing-based pattern recognition. The difference to other swing-based computations is that the pivot points are identified without a look-ahead value. The result is a faster and better real-time detection. Furthermore, the detection of equal lows or highs which form a support or resistance level is based on a dynamic volatility measurement similar to the ATR. The tolerance level unites several internal parameters into one and results in a user-friendly setting.
Risk Disclaimer
The content, tools, scripts, articles, and educational resources offered by TRN Trading are intended solely for informational and educational purposes. Remember, past performance does not ensure future outcomes.
Momentum Concepts [AlgoAlpha]🚀 Introducing the Momentum Concepts™ , a robust multi-layered momentum analysis tool developed by AlgoAlpha . This All-in-One indicator offers a comprehensive approach to understanding market momentum, empowering traders with hyper customizable features to tailor their analysis to their specific trading strategies.
Designed with efficiency and compactness in mind, the script shows momentum regimes on three time horizons: The short-term ( Fast Oscillator ), medium-term ( Scalper's Momentum ) and long-term ( Momentum Impulse Oscillator and Hidden Liquidity Flow ). Additionally, the script also includes reversal signals for traders who prefer to trade contrarian/mean-reversion strategies. By utilizing a blend of advanced algorithms and customizable parameters, Momentum Concepts™ provides traders with a vast array of trading strategies ranging from high frequency scalping to timing better entries on long-term swing and investing positions.
Let's delve into the key features and functionalities of this versatile indicator:
🎯Key Features (summary):
Customizable Fast Oscillator: Tailor the fast oscillator to your preferences with adjustable settings for type, source, trend identification(signal processing) method, length, and more.
Divergence Detection: Identify potential trend reversals with ease using built-in divergence detection for both bullish and bearish signals.
Momentum Impulse Oscillator: Gain deeper insights into trending/ranging markets and underlying market bias with a dedicated oscillator, featuring adjustable trend impulse thresholds.
Scalper's Momentum: Utilize a specialized momentum indicator designed for scalping strategies, featuring agility in signal detection with noise reduction and customizable smoothing parameters.
Hidden Liquidity Flow Analysis: Assess hidden liquidity flows within the market, highlighting excess liquidity and potential squeeze situations.
Trend Confluence Indicator: Evaluate the overall momentum direction with dynamically colored zones, aggregating signals from Momentum Concepts™ components for a holistic view.
User-Friendly Interface: The indicator is presented in a clear and intuitive manner, making it accessible for traders of all experience levels.
All-Rounded Alerts: The indicator comes with a comprehensive alerts extension in a separate script, allowing you to stay informed of important market movements even when away from your trading platform.
🎯Key Features (in-depth):
The Fast Oscillator within Momentum Concepts™ comprises four components designed to provide insights into short-term momentum dynamics:
🔱Price Volume Swings :
This confirmation component uses our proprietary Price Volume Algorithm to analyze price action and volume to identify buying and selling pressure, aiding traders in spotting short-term swings for potential trading opportunities.
⚜️Price Volume Waves :
This leading component also uses our proprietary Price Volume Algorithm but differs from the Price Volume Swings by capturing dominant wave patterns instead. This indicator breaks down price and volume data into a wave-like plot which enables leading insights into market momentum due to the relatively predicable nature of sine-like waves. Leading components such as this and the Alpha Wave are best used with other confirmation components within the Momentum Concepts™ .
🌊Alpha Wave :
The Alpha Wave is a leading non-volume alternative to the Price Volume Waves . It reflects market momentum by analyzing price action only instead of using volume data, resulting in a normalized wave-like plot similar to that of the Price Volume Waves , offering a leading perspective on potential market momentum shifts. Leading components such as this and the Price Volume Waves are best used with other confirmation components within the Momentum Concepts™ .
🐲Dragon RSI :
The Dragon RSI is a confirmation component that determines market momentum by analyzing the directional movement of the Relative Strength Index (RSI). By doing so, users are able to visually identify the current short term trend of the market as well as identify overbought and oversold conditions.
Reversal Signals :
All the Fast Oscillator components come with reversal signals that are based on the respective components being either oversold or overbought.
Divergences :
All the Fast Oscillator components come with bullish and bearish divergences. Divergences within the Fast Oscillator components of Momentum Concepts ™ offer crucial signals for trend shifts. 🔱 Price Volume Swings and ⚜️ Price Volume Waves detect weakening buying or selling pressure, signalling potential reversals or continuations. 🌊 Alpha Wave and 🐲 Dragon RSI identify divergences between momentum and price, aiding traders in anticipating market movements. Leveraging these divergences enhances analysis, aiding traders in formulating meaningful analysis.
Customizable Signal Processing Methods :
All the Fast Oscillator components come with customizable signal processing methods to identify trends on the Fast Oscillator , they include (but not limited to) methods such as Heiken Ashi, and a vast selection of Moving Averages.
Diminishing Momentum Warning :
All the Fast Oscillator components come with a diminishing momentum warning that represents a reducing momentum on the Fast Oscillator . This can act as a take profit signal or as a precautionary warning that the price is about to change direction soon even though the Fast Oscillator has not detected it yet.
Dynamically Colored Reversal Zones :
Last but not least, the dynamic coloring of the reversal zones for Fast Oscillator can be customised based on either the reversal probability of the Fast Oscillator or based on the overall trend confluence of all the components within the Momentum Concepts™ indicator.
The Momentum Impulse Oscillator in Momentum Concepts™ offers crucial insights into long-term momentum trends, aiding traders in identifying the underlying momentum regime and differentiating between trending and consolidating markets.
Underlying Momentum Bias
By default, the Momentum Impulse Oscillator is set to show the longer term trend of price action, this can be used to set the directional bias for the markets and prevent users from trading against the trend.
Trending/Ranging Detection
The Momentum Impulse Oscillator comes with the option to enable trending thresholds, when the Momentum Impulse Oscillator is beyond these thresholds, it indicates a trending market, when Momentum Impulse Oscillator is within the thresholds, it indicates a consolidating/ranging market.
The Scalper's Momentum within Momentum Concepts™ furnishes traders with nuanced signals ideal for short to medium-term trading strategies. It efficiently displays both the medium-term momentum and any emerging divergences towards the opposing direction.
Medium-Term Momentum
The Scalper's Momentum is designed to fill the analysis gap between the Fast Oscillator and the Momentum Impulse Oscillator . Showing momentum insights over the medium-term.
Momentum Convergence-Divergence
The Scalper's Momentum is also capable of showing momentum convergences and divergences, which can be used as take-profit and/or confirmation signals to other components within Momentum Concepts™ .
The Hidden Liquidity Flow component of Momentum Concepts™ is designed to uncover underlying liquidity dynamics. This feature enables traders to anticipate potential price movements based on changes in liquidity flow, enhancing their ability to make informed trading decisions.
Underlying Liquidity Dynamics
The Hidden Liquidity Flow shows the underlying liquidity flow of the market, a positive liquidity flow indicates that liquidity is entering the market and increasing the probability of bullish price action, the opposite is true for negative liquidity flows.
Excess Liquidity Flow
The Hidden Liquidity Flow also indicates when there is an abnormal amount of liquidity flowing through the market, this can indicate the potential for volatility and explosive price action.
🎯Usage Examples:
Now that we have gone through the components and features of Momentum Concepts™ in detail, we'll walk you through the usage examples and strategies that you can utilise to navigate the markets.
Scalping
Using the Scalper's Momentum and the Fast Oscillator as an example, users can first use the Scalper's Momentum as a directional bias and the Fast Oscillator as a means of timing a more precise entry. Take profits can be based on either the Diminishing Momentum Warnings or the Fast Oscillator flipping signals or the Scalper's Momentum flipping signals.
Buying the Dip/Shorting the Pump
Using the Momentum Impulse Oscillator and the Fast Oscillator as an example, users will need to first determine the underlying trend with the Momentum Impulse Oscillator , after which they can use the Fast Oscillator for entry signals into the trend. Take profits can be based on either the Diminishing Momentum Warnings or the Fast Oscillator flipping signals
Reversal Trading
Using the Momentum Impulse Oscillator on a timeframe roughly 3-4 times greater than the chart's timeframe and the Fast Oscillator as an example, users will need to first ensure that the Momentum Impulse Oscillator signals a ranging market on a higher timeframe, divergence signals from the Fast Oscillator can then be used as entries. Take profits can be based on either the Diminishing Momentum Warnings or the Fast Oscillator flipping signals or the Fast Oscillator reaching the zero line.
(These are just examples for reference, the Momentum Concepts™ offers significantly more possibilities for customisation and fine tuning of your trading strategy.)
🎯Conclusion:
In conclusion, Momentum Concepts™ stands as a versatile and powerful tool for traders seeking to decode the intricacies of market momentum across multiple time horizons. With its comprehensive suite of customizable features, including the Fast Oscillator , Scalper's Momentum , Momentum Impulse Oscillator , and Hidden Liquidity Flow , traders can gain deep insights into market dynamics and make well-informed trading decisions. Whether executing high-frequency scalping strategies or timing entries for longer-term positions, Momentum Concepts™ equips traders with the tools they need to navigate diverse market conditions with confidence. By harnessing the power of momentum analysis, this indicator empowers traders to stay ahead of the curve and capitalize on emerging opportunities in the ever-evolving financial markets.
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MTF HalfTrendIntroduction
A half-trend indicator is a technical analysis tool that uses moving averages and price data to find potential trend reversal and entry points in the form of graphical arrows showing market turning points.
The salient features of this indicator are:
- It uses the phenomenon of moving averages.
- It is a momentum indicator.
- It can indicate a trend change.
- It is capable of detecting a bullish or bearish trend reversal.
- It can signal to sell/buy.
- It is a real-time indicator.
Multi-Timeframe Application
A standout feature is its flexibility across timeframes. Traders have the liberty to choose any timeframe on the chart, enhancing the tool's versatility and making it suitable for both short-term and long-term analyses.
Principle of the Half Trend indicator
This indicator is based on the moving averages. The moving average is the average of the fluctuation or change in the price of an asset. These averages are taken for a time interval.
So, a half-trend indicator takes the moving averages phenomenon as its principle for working. The most commonly used moving averages in a half trend indicator are:
- Relative strength index (RSI)
- EMA (estimated moving average)
Components of a Half Trend indicator
There are two main components of a half trend indicator:
- Half trend line
- Arrows
- ATR lines
Half trend line
Half trend line represents this indicator on a candlestick chart. This line shows the trend of a chart in real-time. A half-trend line is based on the moving averages.
There are two further components of a half-trend line:
- Redline
- Blue line
A red line represents a bearish trend. When the half-trend line turns red, a trend is facing a dip. It is time for the bears to take control of the market. A bearish control of the market represents the domination of sellers in the market.
On the other hand, the blue line represents the bullish nature of the market. It tells a trader that the bullish sentiment of the market is prevailing. A bullish market means the number of buyers is significantly greater than the number of sellers.
Moreover, a trader can change these colors to his choice by customization.
Arrows
There are two types of arrows in this indicator which help a trader with the entry and exit points. These arrows are,
- Blue arrow
- Red arrow
A blue arrow signals a buying trade; on the other hand, a red arrow tells a trader about the selling of the assets. These arrows work with the moving average line to formulate a trading strategy.
The color of these arrows is changed if a trader desires so.
ATR lines
The ATR blue and red lines represent the Average True Range of the Half trend line. They may be used as stop loss or take profit levels.
Pros and Cons
Pros
- It is a very easy to eyes indicator.
- This is a very useful friendly indicator.
- It provides sufficient information to beginner traders.
- It provides sufficient information for entry points in a trade.
- A half-trend indicator provides a good exit strategy for a trader.
- It provides information about market reversals.
- It helps a trader to find a bullish and bearish sentiment in the market.
Cons
- It is a real-time indicator. So, it can lag.
- The lagging of this indicator can lead to miss opportunities.
- The most advanced and professional traders may not rely on this indicator for crucial trading decisions.
- The lagging of this indicator can predict false reversals of the market.
- It can create false signals.
- It requires the confluence of the other technical tools for a better success ratio.
Settings for Half Trend indicator
The default settings for half trend indicator are:
Amplitude = 2
Channel deviation = 2
Different markets or financial instruments may require different settings for optimal execution.
Amplitude: The degree that the Half trend line takes the internal variables into consideration. The higher the number, the fewer trades. The default value is 2.
Channel deviation: The ATR value calculation from the Half trend line. The default value is 2.
Trading strategy
It is an effective indicator in terms of strategy formation for a trading setup. The new and beginner trades can take benefit from this indicator for the formulation of a good trading setup. This indicator also helps seasoned and professional traders formulate a good trading setup with other technical tools.
The trading strategy involving a half-trend indicator is divided into three parts:
- Entry and exit
- Risk management
- Take profit
Entry and exit
It is an effective indicator that provides sufficient information about the entry and exit points in a trading setup. The profit of a trader is directly proportional to the appropriate entry and exit points. So, it is a crucial step in any trading setup.
The blue and red arrows provide information about the entry and exit points in a trading setup. Furthermore, the entry and exit for the bullish and bearish setups are as follows.
Entry and exit for a bullish setup
If a blue arrow appears under the half-trend line, it means the bullish sentiment of the market is getting stronger in the future. So, it is a signal for entry in a bullish setup.
As the red arrow appears on the chart, it is a signal to exit your trade. The red arrow represents a reversal in the market, so it is a good opportunity to close your trade in a bullish setup.
Entry and exit for a bearish setup
Suppose a red arrow appears above the red moving average line. It is a good opportunity to enter a trade in a bearish setup. The red line represents that sooner the sellers are going to take control and the value of the asset is about to face a dip. So it is the best time to make your move.
As the opposite arrow appears in the chart, it is time to exit from a bearish trade setup.
Re-entering a position
Bullish setup
- The half-trend line is blue.
- At least one candle closes below the blue half-trend line.
- Enter on the candle that closes above the blue half-trend line.
Bearish setup
- The half-trend line is red.
- At least one candle closes above the red half-trend line.
- Enter on the candle that closes below the red half-trend line.
Risk management
Risk management is an integral part of a trading setup. It is an important step to protect your potential profits and losses.
When trading in a bullish market, place the stop loss at the prior swing low. It will help you to cut your losses in case the prices move to the lower end.
In the case of a bearish market, place your stop loss above the prior swing high.
A trader may trail the stop loss using the ATR lines.
The new trader often makes mistakes in the placement of the stop loss. If you don’t place the stop loss at an appropriate point. It can drain your bank account and ruin your trading experience. Is is recommended not to risk more than 2% of your trading account, per trade.
Take profit
The blue ATR line may be used as one take profit level on a bullish setup followed by the previous swing high. The signal reversal would indicate the final take profit and closing of any position.
The red ATR line may be used as one take profit level on a bearish setup followed by the previous swing low. The signal reversal would indicate the final take profit and closing of any position.
Conclusion
A half trend indicator is a decent indicator that can transform your trading experience. It is a dual indicator that is based on the moving averages as well as helps you to form a trading strategy. If you are a new trader, this indicator can help you to learn and flourish in the trading universe. If you are a seasoned trader, I recommend you use this indicator with other technical analysis tools to enhance your success ratio.
All credits go to:
- @everget the original creator of this indicator (I just added the MTF capability).
- Ali Muhammad original author of much of the description used.
Trend Signals with TP & SL [UAlgo]The "Trend Signals with TP & SL " indicator is a versatile tool designed to assist traders in identifying potential trend continuation opportunities within financial markets Utilizing a combination of technical indicators and user-defined parameters, this indicator aims to provide clear and actionable signals to aid traders in making informed trading decisions.
🔶 Features:
Trend Continuation Signals : The indicator generates signals to identify potential trend continuation points based on the input parameters such as sensitivity, ATR length, and cloud moving average length.
Take-Profit and Stop-Loss Levels: It calculates and plots three levels of take-profit (1R, 2R, 3R) and stop-loss levels based on the entry price of the trade.
Short Position Example:
Long Position Example:
Visualization: The script visualizes the trend signals, entry points, take-profit levels, and stop-loss levels on the price chart, making it easier for traders to interpret the signals.
Alert System: The indicator includes an alert system that notifies the user when there is a change in trend direction or when a buy/sell signal is generated. The alerts provide essential information such as entry price, take-profit levels, and stop-loss levels.
🔶 Calculations :
Trend Calculation: Trend signals are determined based on the comparison between the current closing price and the upper and lower bounds calculated using the Average True Range (ATR) multiplied by a sensitivity factor. A trend is considered bullish if the closing price is above the upper bound and bearish if it's below the lower bound.
Entry, Stop Loss, and Take Profit Calculation: Entry points for long and short positions are identified when there's a change in trend direction.
Stop-loss levels are calculated as a percentage of the entry price, where users can define the percentage based on their risk tolerance.
Take-profit levels are calculated as multiples of the stop-loss level (1R, 2R, 3R).
Cloud Moving Averages: Simple moving averages (SMAs) are calculated for high and low prices over a specified period to create a "cloud" visualization on the chart.
MACD Clouds: Moving Average Convergence Divergence (MACD) indicator is used to determine the market's momentum and trend direction. Positive and negative clouds are plotted based on the MACD line and its signal line, indicating potential bullish or bearish trends.
Signal Generation: Buy and sell signals are generated based on specific conditions such as RSI, CMO (Chande Momentum Oscillator), and pivot points.
Signals are triggered when certain criteria are met, indicating potential opportunities for entering or exiting trades.
🔶 Disclaimer:
Use at Your Own Risk: Trading involves significant risk, and this script is provided for educational and informational purposes only. It does not guarantee profitable trades, and users should exercise caution and perform their own analysis before making trading decisions.
Parameter Sensitivity: The effectiveness of the indicator may vary depending on the chosen parameters, market conditions, and timeframe. Users are encouraged to backtest the script thoroughly and adjust the parameters according to their trading preferences.
Not Financial Advice: The information provided by this script should not be considered as financial advice. Users are solely responsible for their trading decisions and should consult with a qualified financial advisor if needed.
Backtesting and Validation: Before implementing this indicator in live trading, users are strongly encouraged to conduct rigorous backtesting and validation to assess its performance under various market conditions. Past performance is not indicative of future results, and users should carefully evaluate the effectiveness of the indicator based on their individual trading preferences and risk tolerance.
Session Sweeps [LuxAlgo]The Session Sweeps indicator combines ICT-based features for a complete trading methodology involving market sessions, market structure, and fair value gaps to find optimal entry conditions for trading price action.
Traders frequently tend to place stop/limit orders at the high and low points of major trading sessions such as Asian (Tokyo), European (London), and North American (New York), resulting in the establishment of liquidity pools at those particular levels. The Session Sweeps indicator is crafted to recognize and underscore occurrences of session sweeps or liquidity sweeps during these major trading sessions.
🔶 USAGE
Default settings utilize major forex trading sessions, yet users can select their preferred opening and closing times, rename the sessions, or adjust the colors. It's important to note that the specified times for each session align with the respective local timezones: Asian (Tokyo) UTC+9, European (London) UTC, and North American (New York) UTC-5.
If the price briefly crosses either the highest or lowest point of a market session. These movements, aiming at triggering stop losses, suggest potential shifts in the market direction. Detecting such movements is the fundamental purpose and core functionality of the script.
🔹Market Structure Shifts
A Market Structure Shift refers to a change in market direction, either from an uptrend to a downtrend or vice versa. A part of a common entry model when using session sweeps is waiting for the formation of a CHoCH after a session sweep.
🔹Fair Value Gaps
A Fair Value Gap (FVG) holds particular appeal for price action traders, emerging when there are inefficiencies or imbalances in the market, often a result of uneven buying and selling activity. The underlying concept of FVGs is that the market tends to revisit these inefficiencies before resuming its trajectory in alignment with the initial impulsive move.
After the formation of a CHoCH traders can enter a position when the price enters the area of a Fair Value Gap (FVG).
🔹Setup Examples
This entry setup is commonly used by ICT traders and is shared for informational & educational purposes only.
Long Positions (5-Minute Timeframe):
Wait for the previous session's low to be swept.
Look for a Bullish Choch.
Find a Bullish FVG formed by or before the Choch.
Entry Point: At the FVG.
Take Profit (TP): At the session high or aim for a 1:2 Risk-Reward Ratio.
Stop Loss (SL): At the session low or nearest Swing Low.
Take partial profits at intermediate swings, but don’t shift SL prematurely.
Short Positions (5-Minute Timeframe):
Wait for the previous session's high to be swept.
Look for a Bearish Choch.
Find a FVG formed by or before the Choch.
Entry Point: At the FVG.
Take Profit (TP): At the previous session's low or aim for a 1:2 RR.
Stop Loss (SL): At the session high or nearest Swing High.
Take partial profits at intermediate swings, but don’t shift SL prematurely.
🔶 SETTINGS
🔹Session Sweeps
Buyside Sweep Zones, Color, and Margin: toggles the visibility of bullside sweep zones, customizes the associated color, and sets the margin value defining the range of a bullside sweep zone.
Sellside Sweep Zones, Color, and Margin: toggles the visibility of sell-side sweep zones, customizes the associated color, and sets the margin value defining the range of a sell-side sweep zone.
Sweep Margin Length: specifies the maximum allowed length of a sweep zone invalidation, the length over which the price slightly invalidated the margin range.
Detect Sweeps Once per Session: if enabled will detect only once a sweep zone within a session.
Hide Fake Sweep Zones, and Color: controls the visibility and color of the fake sweep zones.
🔹Sessions
Session (Asia, London, New York AM, and New York PM), Start Time, and End Time: enables or disables the visibility of the named market session range, and customization of the session hours.
Color: color customization option of the named session.
Extend Max/Min: extends the highest and lowest price levels of the named session until the end of the next enabled session. This option is recommended to be enabled when sweep zone detection is activated to observe the relationship between the sweep zone and previous session extreme levels.
Extend Mid: extends the mean price levels of the named session until the end of the next enabled session. The extended line may serve as potential support and resistance levels.
Fill: enables/disables background coloring of the named session.
New York DST | London DST: enabling this option initiates Daylight Saving Time (DST) for New York or London. Note: Daylight Saving Time is not applied to the Asian (Tokyo) session.
Sessions Extreme Lines | Sessions Names: toggles the visibility of the highest and lowest price levels, as well as the names, for all market sessions.
Session Lines Width: sets the width of the lines for all sessions.
Session Fill Transparency: sets the background color transparency of the range for all sessions.
🔹Market Structure Shifts
Market Structure Shifts: toggles the visibility of market structure shifts, also known as change of character (CHoCH).
Detection Length: specifies the detection length.
Market Structure Shifts; Bull & Bear: color customization options.
🔹Fair Value Gaps
Fair Value Gaps: toggles the visibility of the fair value gaps.
Fair Value Gap Width Filter: specifies the filtering multiplier; additional details can be found in the tooltip of the respective input option.
Bullish & Bearish Imbalance: color customization options.
🔹Sessions Tabular View
Sessions Tabular View: toggles the visibility of the tabular view of the sessions, displaying date &time, status, and countdown counter.
Hide if not Forex Market Instrument: checks the market and automatically enables/disables the option based on the market instrument.
Table Text Size & Position: size and placement customization options
🔶 LIMITATIONS
Please be aware that fair value gap filtering cannot be applied to the initial 144 candles (with a fixed-length ATR) as the ATR value necessary for filtering won't be available during this period.
🔶 RELATED SCRIPTS
Buyside-Sellside-Liquidity
Sessions
Liquidity-Voids-FVG
Thank you to our community for the recommendation of this script. To explore additional conceptual scripts and related content, we invite you to visit >>> LuxAlgo-Scripts .
Market Flow Trend Lines & Liquidity [LuxAlgo]The Market Flow Trend Lines & Liquidity indicator is a script that aims to automate key insights such as trend lines, liquidity zones, opening ranges, & gaps on the chart. The aim of this script is to provide a functional breakout trader toolkit with various familiar tools as well as unique capabilities to further improve the user experience.
🔶 USAGE
There are various methods for using the features within this script, even with the included take profit levels users can pre-define.
The dotted lines represent an Opening Range with levels we can use as support & resistance. This opening range can be traded within the levels; however, it can also be used to tell the sentiment of price to see how it reacts to it.
In the image below, we can see after price was holding above the Opening Range whilst printing bullish trendline breakout signals, it made its way to the TP level we enabled from within the indicator to calculate a potential level for taking profits in a breakout trade.
The Market Flow Trend Lines & Liquidity indicator's key feature reside within its multi-timeframe capabilities for the main trendlines, as well as its key zones for potential entries.
In the image above we can see multiple areas where multi-timeframe (1H) trendlines on the 30m chart acted as support & resistance, alongside the Liquidity Zones & Opening Range as optimal points of interest for a breakout trader.
🔶 SETTINGS
🔹 Trendlines
Trendlines Lookback: Determines the frequency of detected tops/bottoms used to construct trendlines.
Slope: Trendlines slope, with higher values returning steeper trendlines.
Timeframe: Trendline timeframe.
🔹 Liquidity Zones
Liquidity Lookback: Determines the frequency of detected tops/bottoms used to construct liquidity zones.
🔹 Take Profits
Take profit settings. Up to 3 ATR based take profits can be enabled, with a numerical setting controlling the ATR multiplier.
🔹 Opening Range
From Time: 15min opening range starting time.
Extend: Extension length of Opening Range lines (in bars).
🔹 Gap Imbalance
Gap Up: Display upward gaps.
Gap Down: Display downward gaps.
🔹 EMA
Show EMA: Displays an EMA on the chart.
EMA Length: Length of the displayed EMA.
🔶 RELATED SCRIPTS
Liquidity Swings
Trendlines with Breaks
One Setup for Life ICTGuided by ICT tutoring, I create this versatile 'One Trading Set Up For Life' indicator
This indicator shows a different way of viewing the "Highs and Lows" of Previous Sessions, drawing from the current day until 09:30 AM, the time at which the Highs and Lows of the previous day's sessions can be taken into consideration for a Reversal or for a Take profit.
Levels tested after 9.30am will be blocked so you have a good and clear view of the levels affected
Timing Session =
London: 02:00 to 05:00
New York: 9.30am to 12.30pm
Lunch: 12.30pm to 1pm
PM Session: 1.30pm to 4pm
The user has the possibility to:
- Choose to view sessions or not
- Choose to show levels from previous sessions
- Choose to show today's session levels
- Choose between 08:30 and 09:30 the starting time for the Liquidity taken
- Choose to view High and Low only from the previous day
- See both the name of the Sessions and the price of the levels
The indicator must be used as ICT shows in its concepts, the indicator takes into consideration both previous sessions and today's sessions, and the session levels can be used both for a reversal and for a possible Take Profit like the example here under
Reversal =
Possible Take Profit =
If something is not clear, comment below and I will reply as soon as possible.
Logical Trading Indicator V.1Features of the Logical Trading Indicator V.1
ATR-Based Trailing Stop Loss
The Logical Trading Indicator V.1 utilizes the Average True Range (ATR) to implement a dynamic trailing stop loss. You can customize the sensitivity of your alerts by adjusting the ATR Multiple and ATR Period settings.
Higher ATR Multiple values create wider stops, while lower values result in tighter stops. This feature ensures that your trades are protected against adverse price movements. For best practice, use higher values on higher timeframes and lower values on lower term timeframes.
Bollinger Bands
The Logical Trading Indicator V.1 includes Bollinger Bands, which can be customized to use either a Simple Moving Average (SMA) or an Exponential Moving Average (EMA) as the basis.
You can adjust the length and standard deviation multiplier of the Bollinger Bands to fine-tune your strategy. The color of the basis line changes to green when price is above and red when price is below the line to represent the trend.
The bands show a range vs a single band that also represents when the price is in overbought and oversold ranges similar to an RSI. These bands also control the take profit signals.
You also have the ability to change the band colors as well as toggle them off, which only affects the view, they are still active which will still fire the take profit signals.
Momentum Indicator
Our indicator offers a momentum filter option that highlights market momentum directly on the candlesticks, identifying periods of bullish, bearish, or consolidation phases. You can enable or disable this filter as needed, providing valuable insights into market conditions.
By default, you will see the candlestick colors represent the momentum direction as green or red, and consolidation periods as white, but the filter on the BUY and SELL signals is not active. The view options and filter can be toggled on and off in the settings.
Buy and Sell Signals
The Logical Trading Indicator V.1 generates buy and sell signals based on a combination of ATR-based filtering, Bollinger Band basis crossover, and optional momentum conditions if selected in the settings. These signals help you make informed decisions about when to enter or exit a trade. You can also enable a consolidation filter to stay out of trades during tight ranges.
Basically a BUY signal fires when the price closes above the basis line, and the price meets or exceeds the ATR multiple from the previous candle length, which is also editable in the settings.
If the momentum filter is engaged, it will not fire BUY signals when in consolidation periods. It works just the opposite for SELL signals.
Take Profit Signals
We've integrated a Take Profit feature that helps you identify points to exit your trades with profits. The indicator marks Long Take Profit when prices close below the upper zone line of the Bollinger Bands after the previous candle closes inside the band, suggesting an optimal point to exit a long trade or consider a short position.
Conversely, Short Take Profit signals appear when prices close above the lower zone after the previous candle closes inside of it, indicating the right time to exit a short trade or contemplate a long position.
Alerts for Informed Trading
The Logical Trading Indicator V.1 comes equipped with alert conditions for buy signals, sell signals, take profit points, and more. Receive real-time notifications to your preferred devices or platforms to stay updated on market movements and trading opportunities.
buy/sell signals with Support/Resistance (InvestYourAsset) 📣The present indicator is a MACD based buy/sell signals indicator with support and resistance, that can be used to identify potential buy and sell signals in a security's price.
📣It is based on the MACD (Moving Average Convergence Divergence) indicator, which is a momentum indicator that shows the relationship between two moving averages of a security's price.
📣 The indicator also plots support and resistance levels, which can be used to confirm buy and sell signals. The support and resistance can also be used as a stoploss for existing position.
👉 To use the indicator, simply add it to your trading chart. The indicator will plot three sections:
📈 Price and Signals: This section plots the security's price and the MACD buy and sell signals.
📈 MACD Oscillator: This section plots the MACD oscillator, which is a histogram that shows the difference between the two moving averages.
📈 Moving Averages: This section plots the two moving averages that the MACD oscillator is based on.
📈 Support and Resistance: This section plots support and resistance levels, which are calculated based on the security's recent price action.
👉 To identify buy and sell signals, you can look for the following:
📈 Buy signal: When shorter Moving Average crosses over longer Moving Average.
📈 Sell signal: When shorter moving average crosses under longer moving average.
📈 You can also look for divergences between the MACD oscillator and the security's price. A divergence occurs when the MACD oscillator is moving in one direction, but the security's price is moving in the opposite direction. Divergences can be a sign of a potential trend reversal.
👉 To confirm buy and sell signals, you can look for support and resistance levels take a look at below snapshot. If a buy signal occurs at a support level, it is a stronger signal than if it occurs at a random price level. Similarly, if a sell signal occurs at a resistance level, it is a stronger signal than if it occurs at a random price level.
⚡ Here is a example of how to use the indicator to identify buy signal:
☑ Add the indicator to your trading chart.
☑Look for a buy signal when short MA crosses over Long MA.
☑Look for the buy signal to occur at a support level.
☑Enter a long position at the next candle.
☑Place a stop loss order below the support level.
☑Take profit when the MACD line crosses below the signal line, or when the security reaches a resistance level.
⚡ Here is an example of how to use the indicator to identify a sell signal:
☑Add the indicator to your trading chart.
☑Look for a sell signal, when shorter moving average crosses under longer moving average.
☑Look for the sell signal to occur at a resistance level.
☑Enter a short position at the next candle.
☑Place a stop loss order above the resistance level.
☑Take profit when the MACD line crosses above the signal line, or when the security reaches a support level.
✅Things to consider while using the indicator:
📈Look for buy signals in an uptrend and sell signals in a downtrend. This will increase the likelihood of your trades being successful.
📈Place your stop losses below the previous swing low or support for buy signals and above the previous swing high or resistance for sell signals. This will help to limit your losses if the trade goes against you.
📈Consider taking profits at key resistance and support levels. This will help you to lock in your profits and avoid giving them back to the market.
Follow us for timely updates regarding indicators that we may publish in future and give it a like if you appreciate the indicator.
sᴛᴀɢᴇ ᴀɴᴀʏʟsɪsStage analysis is a technical analysis approach that involves categorizing a stock's price movements into different stages to help traders and investors make more informed decisions. It was popularized by Stan Weinstein in his book, "Secrets for Profiting in Bull and Bear Markets." The stages are used to identify the overall trend and to time entries and exits in the market. Here's an explanation of the typical stages in stage analysis:
1. **Stage 1: Accumulation Phase**
- In this stage, the stock is in a downtrend or has been trading sideways for an extended period.
- Volume is relatively low, indicating that institutions and smart money may be quietly accumulating shares.
- The stock may test and hold support levels, showing signs of stability.
- The goal for traders in this stage is to identify the potential for a trend reversal.
2. **Stage 2: Markup (Bull Market) Phase**
- This is the stage where the stock starts a significant uptrend.
- Volume increases as institutional and retail investors become more interested in the stock.
- Technical indicators like moving averages and trendlines confirm the uptrend.
- Traders and investors look for buying opportunities during pullbacks or consolidations within the uptrend.
3. **Stage 3: Distribution Phase**
- In this stage, the stock's price begins to show signs of weakness.
- Volume might decrease as institutions and smart money start selling their positions.
- The stock may start forming a trading range or exhibit bearish chart patterns.
- Traders should consider taking profits or reducing exposure to the stock as it may enter a downtrend.
4. **Stage 4: Markdown (Bear Market) Phase**
- This is the stage where the stock enters a significant downtrend.
- Volume may remain elevated as selling pressure dominates.
- Technical indicators confirm the downtrend.
- Traders and investors should avoid buying the stock and may consider short-selling or staying on the sidelines.
Stage analysis helps traders and investors make decisions based on the current stage of a stock's price movement. The goal is to enter during the accumulation phase or early in the markup phase and exit during the distribution phase or before the markdown phase to maximize profits and minimize losses.
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try to just show the Stage number in a table, but always double check for yourself
blackOrb ZoneBuying near the bottom and selling near the peak can be a challenging trading approach. However, it all begins with the ability to identify these essential zones. This indicator is targeting support and resistance with heightened accuracy. It utilizes features like:
I. Multi-Level Weighting for Enhanced Support and Resistance Zones
II. Vertical Zone Range Adjustment for Enhanced Price Level Identification
III. High-Time Frame for Solid Macro Validation
IV. Projection Function for Informed Trade Management
V. Automatic Level Identification for Pinpointing Potential Order Positions
VI. Customizable Pivot Analysis for Accurate Zone Identifications
Technical Methodology
I. Multi-Level Weighting for Enhanced Support and Resistance Zones
Support and resistance are more accurately represented as wider zones rather than singular lines. In practical application, relevant support or resistance levels often converge around a central mean-weighted level within a zone.
This indicator visually represents these zones by calculating values from open, high, low, and close prices, accentuating them through varying opacities. Higher opacity within an area indicates a higher likelihood of it serving as a relevant support or resistance level.
Multiple mean options within the settings menu encompass weighted average calculations that utilize different combinations of price data within the relevant pivot analysis phase. This versatility allows users to target pertinent levels within a zone. For instance, when employing hlcc4 price data, the calculation is as follows:
mean_price_hlcc4 = (high + low + close + close) / 4
II. Vertical Zone Range Adjustment for Enhanced Price Level Identification
This feature enables users to precisely adjust the vertical zone range for price references within potential support or resistance phases. For instance, decreasing the reference setting results in a more granular validation within a narrower range. This creates vertically thinner zones with increased price level precision, although it may offer a less comprehensive perspective.
III. High-Time Frame for Solid Macro Validation
The indicator enhances pivot points, potentially in conjunction with high-time frame validation, to identify significant price zones with heightened confirmation strength driven by volume. Higher time frames provide more extensive volume verification, for instance, comparing the 4-hour to the 24-hour timeframe (a multiple of six).
This feature involves cross-referencing data from higher time frames, heightening the reliability of support and resistance zones and providing valuable insights into potential trading interest levels.
Technically, the indicator applies the identical rigorous analysis to both lower and higher time frames. This approach facilitates a more comprehensive perspective and aids in the clearer identification of overarching macro support and resistance levels, even when focusing on smaller timeframes. For instance, a potential support zone identified on the daily time frame can gain higher confidence when confirmed on a weekly chart.
IV. Projection Function for Informed Trade Management
The projection function visually extends the most recent analysis of support and resistance zones forward, in accordance with the user's configured parameters.
By displaying precise price values at these visualized support and resistance levels, this indicator offers valuable assistance in decision-making, particularly when planning real-time orders or when engaged in an active trade management phase (e.g., for the purpose of adjusting stop-loss levels post-entry).
Note: This function is based on historical data. It may not account for unforeseen market events. It's important to complement this feature with ongoing analysis of real-time market data.
V. Automatic Level Identification for Pinpointing Potential Order Positions
It is empirically observed that traders frequently position orders at price levels that conform to quantized values due to cognitive biases.*
Consequently, blackOrb Zone not only facilitates the identification of pertinent levels within a weighted zone but also features an "auto" functionality designed to analyze price dynamics in the proximity of these relevant levels. The objective is to identify discrete values in close vicinity, which exhibit a higher likelihood of serving as authentic support and resistance zones.
This processing approach assists traders in precisely locating the central mean-weighted level within a given zone and identifies proximate quantized levels.
Note: This method becomes especially relevant during phases of price retesting, where market participants converge, contributing to a further refinement of levels, indicative of an asymmetric balance between supply and demand.
*Source: Prof. Mitchell, Jason. "Clustering and Psychological Barriers: The Importance of Numbers." Journal of Futures Markets, vol. 21, no. 5, 2001, pp. 395-428.
VI. Customizable Pivot Analysis for Accurate Zone Identifications
The indicator employs pivot points to pinpoint key price zones where price dynamics could encounter buying or selling pressure.
Essential components of this method involve comparing time units both to the left and right within a designated phase of support or resistance, effectively defining the search range for pivotal points.
For instance, in the analysis below, the search is for the highest price point that hasn't been surpassed within a certain resistance zone in the last 10 time units to the left and 10 time units to the right:
ta.pivothigh(10, 10)
Potential Trade Management Applications of blackOrb Zone
- Reversal Trading : Robust support zones with bullish signals can indicate opportune moments for buying or long position entries, whereas confirmed resistance zones can be identified for selling or short position entries.
- Breakout Trading : Anticipating price surges as price breach support or resistance level. A resistance breakout can signal a bullish price dynamic, while a support breakdown may suggest a bearish price dynamic.
- Range Trading : In lateral sideways markets, users can capitalize on support zones for buying and resistance zones for selling, profiting from price fluctuations.
- Take-Profit Management : For buying or long positions, resistance zones can be identified to determine suitable take-profit levels either within or near these zones - for short positions, vice versa with support zones.
- Stop-Loss Management : For buying or long positions, support zones can be identified to determine appropriate stop-loss levels beneath these zones - for short positions, vice versa with resistance zones to determine stop-loss levels above these zones.
Note on Usability
blackOrb Zone can have synergies with blackOrb Price as both indicators combined can give a bigger picture for supporting comprehensive and multifaceted data-driven trading analysis.
This tool was meticulously created to serve as an additional frame for the seamless integration of other more granular trading indicators. This indicator isn't intended for standalone trading application. Instead, it is serving as a supplementary tool for orientation within broader trading strategies.
Irrespective of market conditions, it can harmonize with a wider range of trading styles and instruments / trading pairs / indices like Stocks, Gold, FX, EURUSD, SPX500, GBPUSD, BTCUSD and Oil.
Inspiration and Publishing
Taking genesis from the inspirations amongst others provided by TradingView Pine Script Wizard Kodify, blackOrb Zone is a multi-encompassing script meticulously forged from scratch. It aspires to furnish a comprehensive approach, borne out of personal experiences and a strong dedication in supporting the trading community. We eagerly await valuable feedback to refine and further enhance this tool.
Buy/Sell BoxThis indicator tries to identify the points where the price exceeds or falls below a rectangle based on the opening and closing prices of the previous period, the creation of the boxes occurs when a doji is detected therefore it will calculate the coordinates of the rectangle that will be drawn around it, therefore the indicator offers buy or sell signals based on this logic. Specifically, the buy signal is generated if the closing price is above the top of the rectangle and satisfies some previous price conditions while the sell signal is generated if the closing price is below the bottom of the rectangle and satisfies some conditions of previous prices within a further threshold based on the Ema 150.
Lines are then drawn on the graph to visually display the extreme price levels, which can be useful for any confirmation of buy and sell signals, Stop Loss and Take Profit, Trend Filter (to visually understand if the trend is bullish or bearish)
A potentially effective trading strategy could involve identifying buy and sell signals near the extreme price level lines drawn by the indicator. This approach can be used to try to improve the accuracy of your trading signals and make more informed decisions. For example:
When you receive a buy or sell signal based on the dojis and rectangles generated by the indicator, check whether the price is also near one of the extreme price level lines. If you are receiving a buy signal and notice that the current price is near a low of the lower level line, this may further confirm the buying opportunity, as the price is near a significant resistance level. On the contrary, if the sell signal was close to a maximum price level it could confirm an excellent short entry.
It is also possible to use the boxes as reference points to set the stop loss and take profit levels. If you are entering a buy position, you might consider setting your stop loss just below an upper line of the last box. Additionally, you may want to set your take profit near a higher price level if you are looking to maximize profits. This will help manage risks and protect your capital.
[blackcat] L1 Visual Volatility IndicatorHey there! Let's get into the details about dynamic rate indicators, how they work, their importance, usage, and benefits in trading.
Dynamic rate indicators are essential in trading as they help traders assess the volatility and risk level of the market, so they can make the right trading strategies and risk management measures.
When it comes to the importance of dynamic rate indicators, they provide critical information about market volatility, which is super important for traders. Traders can use this information to understand the risk level of the market, determine market stability and instability, and adjust trading strategies based on volatility changes.
Now let's talk about the usage of dynamic rate indicators. They have different usage times for different trading strategies and market environments. Generally, when market volatility is low, traders can take advantage of the opportunity to do trend tracking or oscillating trades. When market volatility is high, traders can take a more conservative approach, such as using stop-loss orders or reducing position sizes.
Using dynamic rate indicators can bring several benefits. First, they can help traders evaluate the risk level of the market, so they can develop suitable risk management strategies. Traders can adjust stop-loss and take-profit levels based on changes in volatility to control risk. Second, dynamic rate indicators provide information about market trends and price fluctuations, helping traders make wiser trading decisions. Traders can determine entry and exit points based on the signals of dynamic rate indicators. Lastly, dynamic rate indicators play a significant role in option pricing. Implied volatility helps traders evaluate option prices and market expectations for future volatility, so they can carry out option trades or hedging operations.
In conclusion, dynamic rate indicators are essential for traders as they help assess market volatility and risk levels, develop suitable trading strategies and risk management measures, and increase trading success and profitability. Remember that different indicators are suitable for different types of markets, so it is essential to choose the right one for your specific trading needs.
This indicator is a powerful tool for traders who want to stay ahead of the market and make informed trading decisions. By analyzing trends in volatility, this indicator can provide valuable insights into market sentiment and help traders identify potential trading opportunities.
One of the key advantages of the L1 Visual Volatility Indicator is its ability to adapt to changing market conditions. The channel structure it constructs based on ATR characteristics provides a framework for tracking volatility that can be adjusted to different timeframes and asset classes. This allows traders to customize the indicator to their specific needs and trading style, making it a versatile tool for a wide range of trading strategies.
Another advantage of this indicator is its use of gradient colors to differentiate between Bullish and Bearish volatility. This provides a visual representation of market sentiment that can help traders quickly identify potential trading opportunities and make informed decisions. Additionally, the use of Fibonacci's long-term moving average to define the sideways consolidation area provides a reliable framework for identifying key levels of support and resistance, further enhancing the indicator's usefulness in trading.
In conclusion, the L1 Visual Volatility Indicator is a powerful tool for traders looking to stay ahead of the market and make informed trading decisions. Its ability to adapt to changing market conditions and use of gradient colors to differentiate between Bullish and Bearish volatility make it a versatile and effective tool for a wide range of trading strategies. By incorporating this indicator into their trading arsenal, traders can gain valuable insights into market sentiment and improve their chances of success in the markets.
Position and Risk Calculator (for Indices) [dR-Algo]Position and Risk Calculator : Your Ultimate Risk Management Tool for Indices
The difference between a novice and a seasoned trader often comes down to one essential element: risk management. While trading indices, the challenges are even more intense due to market volatility and leverage. The Position and Risk Calculator steps in here to bridge the gap, providing you with an efficient tool designed exclusively for indices trading.
Key Features:
User-Friendly Interface: Designed to integrate effortlessly with your TradingView chart, this tool's interface is intuitive and clutter-free.
Dynamic Price Level Adjustment: Move your Entry, Stop Loss, and Take Profit levels directly on the chart for an interactive experience.
Account Balance Input: Customize the tool to understand your unique financial situation by inputting your current account balance.
Trade Risk Customization: Define how much you're willing to risk per trade, and the tool will do the rest.
Automated Calculations: The indicator calculates the maximum monetary risk and translates it into the maximum lot size you can afford. It delivers a full-integer lot size to make your trading decisions easier.
Comprehensive Risk Evaluation: Beyond lot sizes, it provides you with the Cost-to-Reward Ratio (CRV) of your trade, the actual monetary risk according to the calculated lot size, and the potential profit.
How To Use:
Once you add the Position and Risk Calculator to your TradingView chart, a new interactive panel appears. Here’s how it works:
Set Price Levels: Using draggable lines on the chart, set your Entry Price, Stop Loss, and Take Profit levels.
Account Details: Go to settings and enter your Account Balance and your desired risk percentage per trade.
Automatic Calculations: As soon as the above details are set, the indicator goes to work. It first calculates your maximum risk in monetary terms and then translates that into the maximum lot size you can take for the trade.
Review and Trade: The indicator shows you all the vital statistics - CRV of the trade, the money at risk according to the calculated lot size, and the possible profit.
Why Choose This Tool?
Informed Decisions: Your trading decisions will be based on concrete numbers, removing guesswork.
Time-saving: No need for manual calculations or using separate tools; everything is in one place.
Focus on Trading: By automating the risk management aspect, this tool allows you to focus more on your trading strategy and market analysis.
Tailor-Made for Indices: Unlike many other tools that try to serve all markets, the Position and Risk Calculator is designed specifically for indices trading.
Remember, effective risk management is what separates successful traders from those who burn out. The Position and Risk Calculator not only helps you define your risk but also helps you understand it, empowering you to trade with confidence.
So why not give yourself the best chance of success? Add the Position and Risk Calculator to your TradingView setup and experience the difference it can make.
Advanced Optimized VSA - 15 MinThis script is written in Pine Script and is designed to be run on the TradingView trading platform. It is an advanced technical analysis indicator that utilizes various methods and indicators to generate trading signals based on a Volume Spread Analysis (VSA) approach.
Here's a detailed breakdown of its functionalities:
### Customizable Parameters:
1. `scoreLabel` and `TDLabel`: Customizable labels for score and trend direction.
2. `labelColorScore` and `labelColorTD`: Colors for the score and trend direction labels.
### Base Indicators and Variables:
1. `spread`: Calculates the difference between the high and low of a candle.
2. `emaVolume`: Exponential moving average of volume over a 21-period range.
3. `rsi14`: Relative Strength Index (RSI) over a 14-period range.
4. `sma200` and `ema50`: Simple moving average over a 200-period range and exponential moving average over a 50-period range, respectively.
5. `volatility`: Calculates the 14-period Average True Range (ATR) to determine volatility.
6. `trendDirection`: Establishes the trend direction based on the SMA200.
### Risk Management:
1. `atrValue`: Calculates the value of the ATR.
2. `stopLoss` and `takeProfit`: Calculates the stop-loss and take-profit levels based on the ATR.
### MACD:
Computes the MACD line, signal line, and histogram.
### Volume Analysis:
1. `weightedVol`: Weighted volume.
2. `forceFactor`: Measures the strength of price movement in relation to volume.
### Support and Resistance:
1. `support` and `resistance`: Calculates support and resistance levels based on the most recent 50 periods.
### Liquidity Check:
1. `isLiquid`: Checks if an asset is sufficiently liquid.
### Score Calculation:
Evaluates various factors such as price position relative to support/resistance levels, RSI, MACD, strength of movement, and volatility to generate a score.
### Criteria for Final Signals:
1. `isBullSpread` and `isBearSpread`: Generates a bullish or bearish signal based on various factors, including the score, trend direction, and liquidity.
### Notifications:
Generates alert conditions for bullish and bearish signals.
### Graphical Elements:
Displays various indicators and signals on the chart, including stop-loss, take-profit, SMA200, EMA50, and support and resistance lines.
### Debugging Labels:
Shows labels on the chart for score and trend direction.
The goal is to provide a comprehensive picture of the current asset, taking into consideration various factors and generating potentially profitable trading signals.
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Questo script è scritto in Pine Script e progettato per essere eseguito sulla piattaforma di trading TradingView. È un indicatore di analisi tecnica avanzata che utilizza diversi metodi e indicatori per generare segnali di trading basati su un approccio Volume Spread Analysis (VSA).
Ecco un riepilogo dettagliato delle funzionalità:
### Parametri personalizzabili:
1. `scoreLabel` e `TDLabel`: Etichette personalizzabili per i punteggi e la direzione del trend.
2. `labelColorScore` e `labelColorTD`: Colori delle etichette per punteggio e direzione del trend.
### Indicatori e variabili base:
1. `spread`: Calcola la differenza tra il massimo e il minimo di una candela.
2. `emaVolume`: Media mobile esponenziale del volume con un periodo di 21.
3. `rsi14`: RSI (Relative Strength Index) con un periodo di 14.
4. `sma200` e `ema50`: Media mobile semplice con un periodo di 200 e media mobile esponenziale con un periodo di 50, rispettivamente.
5. `volatility`: Calcola l'Average True Range (ATR) con un periodo di 14 per determinare la volatilità.
6. `trendDirection`: Stabilisce la direzione del trend basata sulla SMA200.
### Gestione del rischio:
1. `atrValue`: Calcola il valore dell'ATR.
2. `stopLoss` e `takeProfit`: Calcola i livelli di stop-loss e take-profit basati sull'ATR.
### MACD:
Calcola le linee MACD, segnale e l'istogramma.
### Analisi del volume:
1. `weightedVol`: Volume ponderato.
2. `forceFactor`: Misura la forza del movimento del prezzo in relazione al volume.
### Supporto e resistenza:
1. `support` e `resistance`: Calcola i livelli di supporto e resistenza basati sui 50 periodi più recenti.
### Verifica della liquidità:
1. `isLiquid`: Verifica se un asset è sufficientemente liquido.
### Calcolo del punteggio:
Valuta diversi fattori come la posizione del prezzo rispetto ai livelli di supporto/resistenza, RSI, MACD, forza del movimento e volatilità per generare un punteggio.
### Criteri per i segnali finali:
1. `isBullSpread` e `isBearSpread`: Genera un segnale rialzista o ribassista basato su vari fattori, incluso il punteggio, la direzione del trend e la liquidità.
### Notifiche:
Genera condizioni di allarme per segnali rialzisti e ribassisti.
### Elementi grafici:
Visualizza diversi indicatori e segnali sul grafico, inclusi stop-loss, take-profit, SMA200, EMA50, e linee di supporto e resistenza.
### Etichette di debug:
Mostra etichette sul grafico per il punteggio e la direzione del trend.
L'obiettivo è fornire un quadro completo dell'asset corrente, prendendo in considerazione diversi fattori e generando segnali di trading potenzialmente profittevoli.
Sublime Trading | Trailing StoplossWhat kind of traders/investors are we?
We are trend followers. Our scripts are designed to be used on the higher timeframes (weekly/daily) to catch the large moves/trends in the market.
Most have heard of long-term trend following. Few know how to execute the strategy.
Our scripts are designed specifically to identify and invest in long-term market trends.
What does this script do?
The exit from a position is arguably more important than the entry.
Traders/Investors will regularly find themselves in an asset based on some logic, but the exit management is very much an afterthought.
Hence why traders often take profit too early and hold onto losing positions. It is emotionally driven.
The Trailing Stoploss script is designed to remove the guesswork and show you precise levels you will want to consider exiting a position when an asset reverses.
How is the trailing stoploss produced?
The script uses the formula ATR 15 x 4.
We use ATR as it produces a stoploss which is unique to the volatility of the asset. The more volatile the asset, the wider the stoploss.
We use ATR 15 as it brings an average reading across half a month, incorporating days of extreme volatility.
The multiplier 4 works well to avoid positions being stopped out prematurely on pullbacks.
When the trailing stoploss is hit, this is where you will want to consider taking profit.
What is the best timeframe to use the script?
We recommend the daily timeframe as this is where trend followers enter assets to maximise the potential of long-term trends.
The higher timeframes are where traders and investors take fewer positions and hold for longer time periods.
The trailing stoploss follows the price of the asset a distance away to give the trend structure enough space and time to develop.
A trend is ultimately a function of time. If you eliminate time, you eliminate the trend. If you eliminate the trend, you eliminate profit.
The Trailing Stoploss script is necessary for investors who appreciate that profit is accumulated by letting winning positions run and not taking profit too early.
What makes this script unique?
Exit management and knowing when to let go of an asset is one of the main struggles budding investors face. This script has been coded specifically for the daily timeframe to:
Create a trailing stoploss that is unique to the volatility of the asset.
Allow investors to stay in positions for the duration of the trend over many months.
To distinguish between a pullback and a market reversal, allowing for discretion.
This TSL script is designed to manage positions investors take in line with long-term market trends.
Trend Analyser by Abdul KhaderThis indicator is designed to provide buy and sell signals based on a combination of technical analysis methods. It uses the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Exponential Moving Averages (EMA) to generate signals. It also calculates Stop Loss (SL) and Take Profit (TP) levels based on the Average True Range (ATR).
Components:
RSI: An oscillator that measures the speed and change of price movements. RSI is used to identify overbought and oversold conditions. In this indicator, an RSI below 30 is considered oversold and an RSI above 70 is considered overbought.
MACD: A trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD triggers technical signals when it crosses above (to buy) or below (to sell) its signal line.
EMA: These moving averages give more weight to recent prices and are used to identify short-term price trends. A crossover of a shorter period EMA (9 periods in this case) above a longer period EMA (21 periods in this case) generates a buy signal. Conversely, a crossover of the shorter EMA below the longer EMA generates a sell signal.
ATR: This is a market volatility indicator. The ATR is used to calculate Stop Loss and Take Profit levels. These levels are set at a distance from the entry price, equal to a certain multiplier (1.5 in this case) of the ATR.
How to Use:
Buy Signal: A green triangle below the price bar indicates a buy signal. This is generated when the following conditions are met:
The short-term EMA crosses above the long-term EMA
The RSI is below 30 (oversold condition)
The MACD line crosses above the signal line and is above zero
Sell Signal: A red triangle above the price bar indicates a sell signal. This is generated when the following conditions are met:
The short-term EMA crosses below the long-term EMA
The RSI is above 70 (overbought condition)
The MACD line crosses below the signal line and is below zero
Stop Loss and Take Profit: These levels are indicated by dashed lines. The stop loss for a long position is set below the entry price, while the take profit is set above. For a short position, the stop loss is set above the entry price and the take profit is set below.
Important Notes:
This indicator is designed for intraday trading and may not be suitable for longer-term trades.
Always use this indicator in conjunction with other aspects of technical and fundamental analysis. No indicator can provide accurate signals 100% of the time.
Always backtest this indicator with historical data before using it in live trading.
Risk management is crucial in trading. Never risk more than a small percentage of your trading capital on a single trade.
Volume Profile with Delta [TradeMaster Lite]The indicator estimates and displays the total traded volume and it's delta** at each price level during the user-defined period. It can be used to identify key support and resistance levels, determine logical take profit and stop loss levels, identify balanced and unbalanced markets and determine trend strength. The indicator offers different approaches to visualize the volume profile and can be chosen based on your preferred trading strategy and analysis method. The position and size of the Volume Profile is fully customizable, it can even be flipped if needed!
Three different display types (cosmetic effect only):
Classic
Compact
Modern
The Lite version offers three different range types:
Visible Range: displays the volume profile for the visible range of bars or candles on the chart. It adjusts dynamically as you change the chart view making it ideal for the modern trader who values both precision and simplicity.
Open End: displays the volume profile from a specific start date without a defined end, including real delta data. It provides an overview of the volume activity across all price levels of the examined period.
Fixed End: lets you define a specific start and end point for the volume profile. It can be useful if you want to analyze the volume activity within a specific time period or price range.
👉 Usage
The Volume Profile is a histogram that shows the estimated trading volume at certain price levels, how much was sold and how much was bought of the asset. The longer the histogram, the greater the trading volume at that price level. The Delta estimates which side was dominant at that price level and by how much.
To make the most out of the indicator, you can look for
pullbacks to high volume nodes or value areas,
initial equilibrium pullbacks,
buy or sell opportunities for price reversals,
institutional order flow.
The largest histogram node is called the Point of Control (POC). It is the estimated real market price of a coin. There's a common belief that when the price is above this point, the market sentiment is bullish, and when it's below, the sentiment turns bearish. It can act as a strong support if the price is above it and as strong resistance if the price is below it.
Price action usually finds the most support and resistance and the edge of the high volume areas. The indicator can mark these as VAH and VAL (Value Area High and Low).
In addition to the indication of support and resistance zones, the volume profile can also be used to infer the speed of price movements. At levels where there is little trading volume, faster and more volatile price movements are expected. In such scenarios the price may fall or rise faster to the next high volume zone.
👉 General advice
Confirming Signals with other indicators:
As with all technical indicators, it is important to confirm potential signals with other analytical tools, such as support and resistance levels, as well as indicators like RSI, MACD, and volume. This helps increase the probability of a successful trade.
Use proper risk management:
When using this or any other indicator, it is crucial to have proper risk management in place. Consider implementing stop-loss levels and thoughtful position sizing.
Combining with other technical indicators:
The indicator can be effectively used alongside other technical indicators to create a comprehensive trading strategy and provide additional confirmation.
Keep in Mind:
Thorough research and backtesting are essential before making any trading decisions. Furthermore, it's crucial to have a solid understanding of the indicator and its behavior. Additionally, incorporating fundamental analysis and considering market sentiment can be vital factors to take into account in your trading approach.
Limitations:
The Lite version shows simple delta with current timeframe volume data.
The indicators within the TradeMaster Lite package aim for simplicity and efficiency, while retaining their original purpose and value. Some settings, functions or visuals may be simpler than expected.
**The Delta estimates which side was dominant at that price level and by how much. It is the difference between bull and bear volume of the candle.
⭐ Conclusion
We hold the view that the true path to success is the synergy between the trader and the tool, contrary to the common belief that the tool itself is the sole determinant of profitability. The actual scenario is more nuanced than such an oversimplification. Our aim is to offer useful features that meet the needs of the 21st century and that we actually use.
🛑 Risk Notice:
Everything provided by trademasterindicator – from scripts, tools, and articles to educational materials – is intended solely for educational and informational purposes. Past performance does not assure future returns.
Flux Charts SFX Algo (Premium)Flux Charts SFX Algo indicator is a comprehensive and sophisticated all-in-one toolkit designed to cater to all the technical analysis needs of traders. Developed and designed by Russell W., head developer at Flux Charts.
The Flux Charts SFX Algo indicator stands apart with its unique ability to seamlessly integrate with various forms of technical analysis, while also offering the option to function as a standalone toolkit adaptable to any trading style. The indicator has been designed to take into account the dynamic nature of market conditions, ensuring that every feature included remains relevant, reliable, and effective.
Traders have countless possibilities when utilizing this indicator, allowing for the exploration and analysis of an array of cutting-edge features over time. This enables traders to selectively employ the features that align best with their individual trading styles and build a personal trading strategy.
The Flux Charts SFX Algo indicator is set to revolutionize the way traders approach technical analysis, providing them with the tools and insights needed to navigate complex financial markets with confidence and precision.
Flux Charts SFX Algo works in all markets (stocks, crypto, forex, futures, bonds, options, etc) and has many features including:
Buy signals (Not to be followed blindly)
Sell signals (Not to be followed blindly)
Buy & Sell Signal Ratings (Higher rating doesn't necessarily mean a "better" signal)
Algorithm Weighting Customization
Algorithm Sensitivity Customization
Algorithm Signal Strength Filter
Take Profit signals
Take Profit Retest signals
Take Profit Level Optimization
Trend Candle Coloring
Volatility Bands
+ more
What it does
The indicator uses an Adjusted Weighted majority algorithm to generate "buy" and "sell" signals. The algorithm takes into account several market metrics and weights them based on their recent performance. How far back the algorithm checks is based on the “Time Weighting” setting. This allows users to choose between having more data points or having more recency bias within the algorithm, but less data to decipher.
How it works and what differentiates it
There are many popular strategies in the market all of which go in and out of successful periods. The SFX algorithm effectively uses popular indicators or "experts" and weights them using a period decided through the "Time Weighting" Setting. The "experts" include popular indicators that cover Momenutmn, ATR trends, and EMA trends. Adjusted Weighted Majority typically weighs only through binary events however the SFX also uses a dynamic system to punish larger losses. The total weighting is then used to confirm a signal is agreeing with the most successful "experts" or indicators within the time period. This effectively will filter poor signals during periods of underperformance compared to other indicators and the converse during performant periods.
This weighting algorithm was inspired by the Princeton University lecture "Multiplicative Weight Algorithm" by Sanjeev Arora!
Usage
CME_MINI:ES1! 3 minute timeframe, July 7 2023.
Indicator Settings: (Sensitivity: 70, Signal Strength: 40, Time Weighting: Recent Trends)
The star-rated signals show the strength of the signals based on our weighting system
The colored candles (green & red) simplify the market into basic uptrends/downtrends
The volatility bands show areas of potential reversals
The volatility bands also show potential breakouts (Tight bands = consolidation, which could lead to an impulsive move)
The take profit signals suggest areas where profits should be taken in a trade
Settings and their Usage
Algorithm Settings Explained
Sensitivity determines how frequently signals appear. A higher sensitivity would lead to more frequent signals (Buy & Sell) appearing on your chart
Signal Strength helps filter out low-rated signals based on our Stochastic Weighting Algorithm. A higher signal strength will lead to fewer signals on your chart. A higher-rated signal doesn't necessarily make it a better signal than a lower-rated signal.
Time Weighting allows you to choose how much historic data you want the indicator to use when interpreting data for the signals. There are three options to choose from including:
- Recent Trends
- Mixed Trends
- Longterm Trends
Using the "Recent Trends" option will only use recent market data when looking at the market metrics our algorithm uses for generating "Buy" and "Sell" signals. Thus, there will be a recency bias which means the metrics the algorithm is weighing more heavily have recently performed well.
Using the "Longterm Trends" option will use more historic market data when looking at the market metrics our algorithm uses. This will give more data points for the algorithm to use, but it won't count for recent performances, but rather an overall performance in the past. Thus, if one metric has been doing poorly recently, it will still receive the same weight, even though it was performing well at the start of our lookback period for data.
Using the "Mixed Trends" option will give you a choice that is in between these two options. This will give you a good balance between having enough data points for market metrics, while also sustaining a good bit of market recency bias.
Supply And DemandThis supply and demand indicator uses sessions, volume spikes, higher timeframe price action and other volume calculations to spot areas on the chart where price will likely react. From the 1 minute and below charts to the daily and up charts, you can get excellent levels for any timeframe.
Why Use Supply And Demand?
One of the safest ways to trade is to wait for price to enter an area of interest where price should react. When we play reversals off of these areas, you increase the likelihood that your trade will be profitable because there was previous price action that told you that the current level is one where price will react. So we look for reversals at or very near these levels to enter into scalp or swing trade positions and look to exit that position when price is at or near the next major supply and demand level.
How To Use
The strategy with this indicator is to wait for price action to reach the levels shown by this supply and demand indicator and then enter trades at these levels, looking for a reversal. The thicker lines and the lines that are from the highest timeframes will be the most important levels on the chart. There is a table on the chart that will help you identify what timeframe the levels are using, with the color of that line next to it for easy identification.
The default settings are designed for scalping the 1-5 minute charts, so there are more levels turned on than necessary if you are using higher timeframes than 5 minutes. If you are using higher timeframes, make sure to turn off some of the lower timeframe levels so that it doesn’t clog up your charts. On the daily timeframe and above, many of the levels are coded to not turn on so that you don’t have to turn them off manually, but be aware that you will need to adjust your charts to suit your preferences, especially if you are on anything above the 5 minute chart.
For scalping, wait for price to react from the supply and demand levels by showing wicks, struggling to break through or getting reversal candles at those levels. Ride those moves to the next major supply and demand area before taking profit. You may want to turn on sessions and some of the lower timeframe levels as well if there are big gaps on the chart that are not suitable for scalping.
For swing trading, you will want to turn some of the lower timeframe and session levels off. Leave it to only higher timeframe OHLC lines and volume spike levels. Then you can swing moves that reverse off of the supply and demand lines.
Customization
This indicator is fully customizable. You can turn on or off any of the levels as well as increase the number specific levels so your charts suit your preferences.
All of the levels used are color coded individually so you can easily tell which type of level it is and these colors can be changed within the settings to suit your preferences. These colors are also reflected in the line identification table that show you exactly which color each type of level is.
There are toggles for the line identification table and session identification table as well if you don’t want them on your chart.
Types Of Levels Used
This indicator uses 4 different types of levels that I have found to be extremely influential on the price action. They are: volume spikes, higher timeframe price action, country based trading sessions and the VWAP. All of these levels have proven to be very important levels in my testing and are very helpful in spotting reversal areas.
Volume Spikes
This indicator is looking for the largest volume spikes and plotting the levels where that volume came in. It checks for the highest volume spikes across multiple different lengths of candles so that you get recent levels as well as the most important levels in the past. There are volume spike calculations for your current chart timeframe, 1 hour charts, 4 hour charts, daily charts, weekly charts, and monthly charts. Each of these looks for volume spikes across various lengths of candles for each timeframe and is color coded so you can identify which levels are which easily. The weekly and monthly volume spike levels are fatter than the normal volume spike levels with a line width of 2 to signify their importance.
OHLC Higher Timeframe Candles
This script plots levels of higher timeframe candles since price usually reacts very strongly to these levels. The levels it will produce are the high, low, open and close of the most recent closed candle of each higher timeframe. You can adjust these to show as many or as few previous HTF candles as you would like. The higher timeframe candles available to use are as follows: 1 hour, 4 hour, daily, 3 day, weekly, monthly, quarterly and yearly. The monthly, quarterly and yearly levels are fatter than the normal levels with a line width of 2 to signify their importance.
Trading Sessions
Trading sessions are very important levels because the market makers of different parts of the world are typically positioning themselves at these specific times. The number of each trading session line can be adjusted to show more or less levels depending on your preference. When you adjust the number, it will affect all lines that are enabled for that specific session. The levels available for each Tokyo, London & New York session are as follows: session premarket open, regular session open, session close, and session high & low. The session close boxes are fatter than the others with a line width of 2 to signify its importance.
VWAP & Previous Close
We all know that the VWAP aka Volume Weighted Average Price is a very important level on any chart, so we included this level as a default. However, we decided to take this a step further and include the previous daily session’s VWAP closing price and plot those levels. These are extremely important levels that you should pay very close attention to, along with the other levels mentioned above. The market makers are hedging their positions based on these levels and you will typically see very strong reactions to these levels, especially in the first hour when the markets open up. The VWAP and previous session VWAP close levels can be turned on or off and the default for the number of previous VWAP session close prices is set to 5. These levels are fatter lines because they are extremely important, so make sure to pay attention to them!
Line & Session Identification Tables
There are two tables to help you identify what is on the chart. The first is a large table in the top right that shows you the color and type of each line that is turned on so you can easily identify which lines are which. The second table is a small one at the bottom center of the chart that tells you which trading session we are currently in and what color that session is on the chart. These tables can be turned on or off and you can also change where they are on the chart by adjusting them at the bottom of the settings page.
Markets
This Supply And Demand indicator can be used on any market with price data such as stocks, crypto, forex and futures.
Timeframes
This Supply And Demand indicator can be used on any timeframe, from the second charts all the way up to the yearly charts.
Impulse MACD buy OwlPixelDescription:
The Impulse MACD Buy Indicator, developed by OwlPixel, is a powerful trading tool for traders using TradingView's Pine Script version 5. This indicator aims to provide valuable insights for identifying potential buy signals in the market using the popular MACD (Moving Average Convergence Divergence) oscillator.
Key Features:
MACD Analysis: The indicator displays the MACD line (blue) and the signal line (orange) on the chart, helping traders assess the momentum and trend direction of an asset.
Impulse Histo: The Impulse Histo (blue histogram) visualizes the difference between the MACD line and the signal line, making it easier to spot changes in market strength and potential trend reversals.
Impulse MACD CD Signal: This histogram (maroon color) highlights the divergence between the Impulse Histo and the signal line, providing further insights into trend shifts.
Background Boxes: The indicator features three rows of different colored background boxes that represent distinct market conditions - an uptrend (light green), a downtrend (light red), and a neutral trend (light yellow).
Crossover Points: Buy signals are marked with green circles when the MACD line crosses above the signal line, suggesting potential entry points for long positions.
Demand and Supply Bars: The demand (lime/green) and supply (red/orange) bars are intensified, aiding traders in identifying possible reversal areas.
Stop Loss and Take Profit:
The Impulse MACD Buy Indicator automatically calculates Stop Loss (SL) and Take Profit (TP) levels for buy signals. The SL level is set at the highest of the last three candles, while the TP level is determined by a user-defined percentage of the closing price. This information helps traders manage risk and optimize their profit potential.
Usage:
Apply the Impulse MACD Buy Indicator to your TradingView chart by copying the provided Pine Script into the Pine Editor.
Configure the input parameters, such as the MA Length and Signal Length, to suit your trading preferences.
Observe the MACD line, signal line, and histograms to gain insights into market momentum and trends.
Identify buy signals when the MACD line crosses above the signal line, signaled by green circles.
Utilize the provided Stop Loss and Take Profit levels for risk management and exit strategies.
Please note that this indicator is for informational purposes only and should be used in conjunction with other analysis techniques to make well-informed trading decisions. Happy trading!
