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Indicators and strategies

Advanced Intraday Analysis & Trading StrategyTO ONLY BE USED FOR LOW FLOAT STOCKS WITH MARKET CAP LESS THAN $1 BILLION, This strategy is tailored for intraday traders and scalpers, providing automated entry and exit signals for dynamic market conditions. It combines technical indicators, volume analysis, and price action to optimize trading performance. The code is suitable for stocks with high volatility and volume, offering adaptability through customizable input parameters such as trailing stop percentages and profit targets. By incorporating advanced exit logic, the script aims to maximize gains while minimizing risks in various market scenarios. Overlay: The script plots data directly on the price chart. Precision: Values are displayed with 2 decimal places. Initial Capital: The strategy assumes $1700 as the starting capital for calculating position sizing. 2. Candlestick Pattern Detection Small Body Long Wick: A candlestick pattern where the body size (difference between open and close) is small relative to the total range (difference between high and low). Input Parameter: Body Threshold Percentage defines the threshold for a "small body." Use Case: Identifying potential indecision or reversal points in the market. 3. Cumulative Day Volume Calculates cumulative volume for the current day: Resets at the start of a new trading session (is_new_day). Plot: Displays the cumulative volume on the chart to assess trading activity. 4. MACD (Moving Average Convergence Divergence) A widely used momentum indicator with: Fast and slow EMA inputs. Signal line for crossovers. Alerts: When the histogram transitions from positive to negative or vice versa, alerts are triggered. 5. Premarket Analysis Tracks premarket price action: Captures the open price of the premarket session and calculates percentage gains. Color-Coding: Green for positive and red for negative percentage changes. 6. Opening Price & Session Levels Session Open: Captures and plots the opening price of the main trading session at 9:30 AM. Includes horizontal lines for session high and low. Reset Conditions: Automatically updates for a new trading day. 7. Volume x Price (VxP) Momentum Compares the momentum of recent trading activity with the cumulative session activity: Calculates cumulative price-volume (VxP) for both session start and last 15 bars. Output: Ratio of VxP between the session and recent bars to highlight momentum changes. 8. Trend Analysis Using EMAs Three Exponential Moving Averages (EMA): Long-term (200-period), medium-term (50-period), and short-term (20-period). Trend Identification: Bullish: 20 EMA > 50 EMA > 200 EMA. Bearish: Reverse order of EMAs. 9. Position Sizing Calculates the number of shares to buy with a quarter of the initial capital ($1700) based on the current close price. Displays the value on the chart. 10. Other Features Price Thresholds: Defines conditions for stocks below $4 or $2 for tighter stop-loss settings. Dynamic Background: Changes based on VxP ratio, providing visual cues for momentum shifts. Customizable Inputs: Many parameters (e.g., EMA lengths, thresholds) are adjustable for flexibility. VWAP and Bands Calculation: VWAP is recalculated with flexible anchoring options, including unique time periods (Session, Week, Month, etc.) and events (Earnings, Dividends, Splits). Upper and lower VWAP bands are computed using either standard deviation or percentage-based calculations. Consecutive Bars Above Bands: Tracks consecutive bars closing above each VWAP band (up to 5 bands). Resets the count if a bar fails to close above the respective band. Background Highlighting (Commented Out): Logic for highlighting the background when a threshold of consecutive bars (e.g., 5 or more) above a band is reached. Currently commented out but easy to activate for visual cues. Variable Initialization: Uses var for persistent variables to track states and counts across script runs. Signal Plotting Preparation: Variables for plotting signals (e.g., plotSignal1) are defined, though the logic for plotting them isn't implemented yet. Core Logic Entry Conditions Long entry conditions require price confirmation above both VWAP (Volume Weighted Average Price) and TWAP (Time Weighted Average Price). Avoids entries during declining volume or when the last three bars closed below VWAP to prevent entering in downtrends or volatile pullbacks. Incorporates several monetary volume conditions (condH, cond10M, etc.) to filter trades based on trade sizes and specific thresholds. Trade Management The script manages trades using variables such as tradeCount to limit entries and ensure logical flow. Tracks highestPrice after entry to enable trailing stops. Includes flags to control entry availability and reset trade states when a session ends. Exit Conditions Incorporates trailing stops based on price ranges and percentage thresholds. Defines multiple stop-loss mechanisms tailored for different stock price ranges (e.g., <$4, <$2). Uses a trailing stop strategy for the first 10 minutes after market open for quicker risk management. Forces exits when critical conditions are breached, such as 15 consecutive bars closing below the entry price or price falling below VWAP/TWAP. Advanced Features Handles session resets to reinitialize variables. Accounts for varying stock price ranges to adjust trailing stops and stop-loss percentages dynamically. Detects and responds to significant events such as new session starts, high volume trades, and quick profitability opportunities. Key Features: Trailing Stop Loss and Take Profit: Implements dynamic trailing stop losses based on specific conditions such as the percentage range of price movements and timeframes. For example, in the first two or five minutes of market open, trailing stops are adjusted based on price and volume trends. Exit Conditions: Volume and Price Trends: Exits are triggered when decreasing volume and price trends indicate a reversal or weakness in the position. VWAP Bands: Uses VWAP band levels to identify overextended moves, exiting positions when prices cross these levels. EMA200 Cross: Closes positions when prices fall below the 200 EMA, signaling a bearish trend. Profit Targets: Takes profit at specific thresholds (e.g., 5%, 30%) based on rapid price movements. Specific Scenarios for Exit Strategies: Doji at Market Open: Exits positions if a Doji candlestick appears during the first minute, coupled with a 5% profit threshold. Volume Profile Red Zone: Implements trailing stops specific to red zones in the volume profile to secure profits. Adaptive Logic Based on Market Conditions: Bearish Indicators: Exits positions during bearish MACD crossovers or decreasing monetary volume combined with MACD red conditions. Pivot Levels: Exits positions if the price closes below a significant pivot high shortly after entry. Loss Recovery Mechanism: Adjusts trading bias to short positions after multiple consecutive losses or significant stock value drops. Time-Based Exit: Ensures all trades are closed at the end of the trading day to avoid overnight risk. Testing and Scalability: Includes sections marked for testing and potential enhancements, such as integrating additional trailing stop logic and refining conditions for specific market patterns.
Pine Script™ strategy
by Paul_Athanasios
First-Principles Market Structure Explorer - Impulse Finder The goal of this script is to identify meaningful impulses instead of trying to find the trend by looking at volume asymmetry. The assumption going into making this was that the market is nothing more than impulses followed by directional drift with those impulses eating up large amounts of liquidity in short periods letting drift have a direction. The First-Principles Market Structure Explorer is a sophisticated TradingView indicator designed to analyze market dynamics by identifying significant price clusters, measuring volatility asymmetry, and evaluating price acceleration. By focusing on fundamental market principles, it provides traders with insights into potential support and resistance zones, as well as the strength of price movements away from these zones. Key Features: Price-Level Clustering: Segments recent price data into user-defined bins, assessing volume and time within each bin to identify significant price clusters. Volatility Analysis: Calculates the standard deviation of price changes over a specified lookback period, distinguishing between upward and downward movements to determine volatility asymmetry. Price Acceleration Measurement: Computes price acceleration by analyzing changes in price velocity, offering insights into the momentum behind price movements. Bounce Strength Evaluation: Measures the strength of price movements after exiting significant clusters, aiding in the assessment of breakout or reversal potential. How to Use: Configure Input Parameters: Lookback Length for Clustering: Defines the number of bars to consider for clustering analysis. Volatility Lookback: Sets the period over which volatility is calculated. Price Bin Width for Clustering: Determines the granularity of price bins used in clustering. Min Volume Std Dev for Cluster Significance: Specifies the threshold for a cluster to be considered significant based on volume. Min Time Persistence Bars: Sets the minimum number of bars a price must remain within a bin to qualify as a persistent zone. Bounce Strength Lookahead Bars: Defines the number of bars to evaluate after exiting a cluster to measure bounce strength. Interpret the Plots: Horizontal Lines: Represent significant price clusters, with color intensity indicating relative volume at each level. Volatility Asymmetry Plot: Shows the difference between upward and downward volatility, highlighting directional bias. Bounce Strength Plot: Measures the strength of price movement after leaving a cluster, assisting in evaluating breakout potential. Limitations: Historical Analysis: The indicator analyzes past data and may not predict future market movements with certainty. Parameter Sensitivity: Results can vary significantly based on input parameters; users should adjust settings to align with their specific trading strategies and market conditions. Notes: Ensure that the max_labels_count and max_lines_count parameters are set appropriately to accommodate the plotting needs of this script. Regularly update input parameters to reflect changing market dynamics and maintain the relevance of the analysis. This indicator is a powerful tool for traders seeking to understand market structure through first-principles analysis, offering a blend of volume, volatility, and price action insights to inform trading decisions.
Pine Script™ indicator
by Cmo22
Cross-Symbol Candle Comparison IndicatorEasily compare the candle closing direction of your current chart's symbol with another symbol of your choice using this Pine Script indicator. Whether you're analyzing NAS100 against S&P500 or any other pair of assets, this tool highlights candles where the two symbols diverge: Bullish vs. Bearish: Highlights candles when one symbol closes bullish and the other bearish, and vice versa. Custom Symbol Input: Select any symbol to compare with the chart you're currently analyzing. Multi-Timeframe Support: Works seamlessly across all timeframes to fit your trading style. Enhance your technical analysis with this user-friendly and dynamic comparison tool. Perfect for traders seeking correlation or divergence insights between different assets.
Pine Script™ indicator
by Farhan-Qazi
PineTraderOT_V5Are you tired of the complexities of creating properly formatted order tickets in TradingView? We’ve got you covered! The PineTrader Order Ticket Generator library is here to simplify the process and help you automate your trading strategies with ease. Why This Library? Currently, TradingView doesn’t support JSON formatting natively. This means creating order tickets for automation often involves tedious string manipulations to build a message that services like PineTrader can understand. Our library takes care of all that for you by providing an easy-to-use method to generate correctly formatted JSON order tickets. What Does It Do? This library is your shortcut to creating automated trades using TradingView and PineTrader. It lets you build buy, sell, and pending orders with all the parameters you need, such as: Take Profit (TP) Stop Loss (SL) Trailing Stops And more! Once your order ticket is ready, you can send it to the PineTrader webhook URL: 👉 webhook.pinetrader.io The webhook communicates with your broker (like MT5) to execute trades based on the order ticket. How to Use It? Import the Library Add this library to your Pine Script™ project. Use CreateOrderTicket Method Call the CreateOrderTicket function in your script and define the parameters for your trade, such as size, price, order type, and more. Set Up Alerts Create an alert in TradingView. Use the webhook URL (webhook.pinetrader.io) for the alert notification. Set the alert message to {{strategy.order.message}} (make sure to include alert_message in your strategy.entry or strategy.exit methods). Enjoy Automation Once the alert is triggered, the order ticket is sent to PineTrader, and your trades are executed automatically. Example Workflow Here’s how simple it is: Define your trading parameters using CreateOrderTicket. Add an alert linked to the PineTrader webhook. Watch as your TradingView strategy seamlessly interacts with your broker! Why Choose PineTrader Order Ticket Generator? This library: Saves time by automating the formatting of order tickets. Reduces errors in creating JSON strings manually. Simplifies integration between TradingView and brokers like MT5. Automate your strategies today with the PineTrader Order Ticket Generator—the bridge between TradingView and effortless trading automation!
Pine Script™ library
by Pinetraderio
Merged Davinci Q TrendThe "Merged Davinci Q Trend" indicator is an innovative blend of the "Q-Trend" and "Defi Davinci Cheat Code" indicators, now updated to provide an even more tailored trading experience. Here's an overview of the changes we've implemented: +Version Update: -The script has been migrated to Pine Script v6, ensuring compatibility with the latest features and syntax of TradingView's platform. +Default Values Adjusted: +-Q-Trend Component: -Trend Period reduced to 25 from 200 for quicker trend detection. -ATR Period remains at 14 for consistent volatility measurement. -ATR Multiplier kept at 1.0, allowing for standard sensitivity adjustments. +Defi Davinci Cheat Code Component: -First MA Length shortened to 25 (from 50) and colored white to highlight short-term trends more visibly. -Second MA Length set to 50 (from 100) with yellow color for medium-term trend analysis. -Signal Length for support/resistance calculation also reduced to 25 for more responsive signals. +Signal Display Customization: -The option to display "Strong" signals has been turned off by default to reduce visual clutter, though users can still enable it if needed. +Input Type Specifications: -Input types have been explicitly defined to comply with v6 syntax, such as using input.source() for price data and input.bool() for boolean options. +Variable Declaration: -The variable ls (last signal) is now explicitly initialized as a string variable that persists across bars, preventing undeclared identifier errors in v6. +Error Corrections: -Removed the use of nz() function with string types; instead, we directly check for the previous state of ls to avoid errors related to expecting numeric types where strings are used. +Usability Enhancements: -The indicator now offers more intuitive settings for the user, allowing for fine-tuning of how trends, signals, and visual markers are displayed on the chart. Usage: This updated version of the indicator aims to provide traders with a more responsive and visually clear tool for identifying trends, potential trading signals, and key support/resistance levels. The changes focus on enhancing the indicator's adaptability to different trading strategies while ensuring it aligns with the latest scripting standards for better performance and compatibility. Note: With these modifications, the indicator should offer a more precise and user-friendly experience. However, traders should always combine this tool with other analysis methods for comprehensive decision-making and effective risk management.
Pine Script™ indicator
by Pre3sence
Order Ticket Generator by Pinetrader (TradingView Automation) Are you tired of the complexities of creating properly formatted order tickets in TradingView? We’ve got you covered! The PineTrader Order Ticket Generator library is here to simplify the process and help you automate your trading strategies with ease. Why This Library? Currently, TradingView doesn’t support JSON formatting natively. This means creating order tickets for automation often involves tedious string manipulations to build a message that PineTrader can understand. Our library takes care of all that for you by providing an easy-to-use method to generate correctly formatted JSON order tickets. What Does It Do? This library is your shortcut to creating automated trades using TradingView and PineTrader. It lets you build buy, sell, and pending orders with all the parameters you need, such as: Take Profit (TP) Stop Loss (SL) Trailing Stops And more! Once your order ticket is ready, you can send it to the PineTrader webhook URL: 👉 webhook.pinetrader.io The webhook communicates with your broker (like MT5) to execute trades based on the order ticket. How to Use It? 1. Import the Library Add this library to your Pine Script™ project. 2. Use CreateOrderTicket Method Call the CreateOrderTicket function in your script and define the parameters for your trade, such as size, price, order type, and more. 3. Set Up Alerts Create an alert in TradingView. Use the webhook URL (webhook.pinetrader.io) for the alert notification. Set the alert message to {{strategy.order.message}} (make sure to include alert_message in your strategy.entry or strategy.exit methods). 4. Enjoy Automation Once the alert is triggered, the order ticket is sent to PineTrader, and your trades are executed automatically. Example Workflow Here’s how simple it is: Define your trading parameters using CreateOrderTicket. Add an alert linked to the PineTrader webhook. Watch as your TradingView strategy seamlessly interacts with your broker! Why Choose PineTrader Order Ticket Generator? This library: Saves time by automating the formatting of order tickets. Reduces errors in creating JSON strings manually. Simplifies integration between TradingView and brokers like MT5. Automate your strategies today with the PineTrader Order Ticket Generator—the bridge between TradingView and effortless trading automation! Additional ressources: Pinetrader Website Documentation Youtube Tutorial
Pine Script™ library
by Pinetraderio