V Shape iFVG with ATR filterShows all "V shape" iFVGs with ATR filter to customise the size of the iFVGs which get displayed. V shape iFVGs are a type of iFVG named by trading Youtuber DodgysDD. This specific iFVG is a 4 candle pattern, where the 4th candle inverses the FVG which was just created. Combined with other confluences in the ICT trading arsenal this iFVG makes for high probability trading setups.
Indicators and strategies
Whale Activity Impact OscillatorThe "Whale Activity Impact Oscillator" is a Pine Script v6 component designed to identify abnormal price movements caused by potential whale activity in the crypto market.
Here's how it works:
Inputs: The script allows users to configure the volume spike multiplier, price spike multiplier, lookback period, minimum volume threshold, and thresholds for strong buy and sell signals.
Data Calculations: It calculates the average volume and average percentage price change over the specified lookback period.
Whale Detection Logic: The script detects a volume spike if the current volume exceeds the average volume by the specified multiplier. It detects a price spike if the percentage price change exceeds the average by the specified multiplier.
Signals: A buy signal is generated when both a volume spike and a price increase are detected. A sell signal is generated when both a volume spike and a price decrease are detected.
Output: The oscillator is displayed as a histogram below the price chart. Green bars indicate buy signals, red bars indicate sell signals, and gray bars indicate normal activity. The height of the bars is proportional to the magnitude of the price change.
Alerts: The script includes alerts for whale buying and selling detected signals.
Edge Cases: The script avoids false signals in low-liquidity environments by setting a minimum volume threshold and filtering out signals during low market activity.
This component can be added to a TradingView chart to help traders identify potential whale activity and make informed trading decisions.
RSI/MACD Momentum ScalperThe RSI/MACD Momentum Scalper is a technical analysis tool designed to identify market momentum and provide actionable buy, sell, and take-profit signals by combining the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators. This script uses a color-coded candle system to visually highlight trend strength and direction, making it particularly useful for scalpers and short-term traders who seek clarity and precision.
How It Works
This indicator operates on two core momentum principles: the RSI and MACD. Here's a breakdown of how it combines these components to deliver unique insights:
Relative Strength Index (RSI):
Measures the strength of price movements on a scale from 0 to 100.
A bullish trend is identified when the RSI is above 50, indicating upward momentum.
A bearish trend is identified when the RSI is below 50, signaling downward momentum.
Moving Average Convergence Divergence (MACD):
Compares two moving averages (Fast and Slow) of the price to measure trend momentum.
Generates a bullish signal when the MACD line is above the Signal line.
Generates a bearish signal when the MACD line is below the Signal line.
The indicator allows the user to select the type of moving average (EMA, DEMA, or HMA) for further customization.
Combined Momentum Analysis:
Green candles (strong bullish signal) : When both the RSI is above 50 and the MACD line is above the Signal line.
Red candles (bearish signal): When both the RSI is below 50 and the MACD line is below the Signal line.
Light grey candles (neutral signal): When only one of the conditions is true, indicating indecisiveness in market momentum.
Buy/Sell Signals:
Buy Signal: Triggered when the conditions for a bullish trend are newly met (both RSI > 50 and MACD > Signal line).
Sell Signal: Triggered when the conditions for a bearish trend are newly met (both RSI < 50 and MACD < Signal line).
Take-Profit Signals (Optional):
Highlights opportunities to exit a trade when a trend reverses:
Take-profit bullish: When a bullish trend ends.
Take-profit bearish: When a bearish trend ends.
How to Use the Indicator
Customization Options:
Trend Timeframe: Set a specific timeframe for trend analysis (e.g., 1h, 4h, 1D).
RSI Settings: Adjust the RSI length to match your trading strategy.
MACD Settings: Customize the Fast, Slow, and Signal lengths to suit market conditions.
Moving Average Type: Choose between EMA, DEMA, or HMA for the MACD calculation.
Colors: Select the colors for bullish, bearish, and neutral candles to match your preferences.
Signals and Visualization:
Enable or disable Buy/Sell Signals and Take-Profit Signals through the settings.
Use the color-coded candles to quickly assess trend direction and momentum strength:
Green: Strong upward momentum.
Red: Strong downward momentum.
Light Grey: Neutral or indecisive market.
The plotted buy (triangle up) and sell (triangle down) signals assist in identifying entry points, while take-profit (square) signals help secure gains during trend reversals.
What Makes It Unique
Integrated Approach: Combines two of the most widely-used momentum indicators (RSI and MACD) into a single tool, offering a clear, cohesive analysis of market trends.
Candle-Based Visualization: Changes the candle colors to reflect momentum, eliminating the need to constantly check separate indicator panels.
Customizability: Provides advanced options such as timeframe selection, MA type, and user-defined settings for RSI and MACD lengths, making it adaptable to different trading strategies.
Signal Precision: Goes beyond traditional RSI and MACD by offering precise buy, sell, and take-profit signals based on combined momentum logic.
Ease of Use: Tailored for both beginner and experienced traders by providing simple visual cues (candle colors and plot shapes) while retaining the depth of advanced settings.
The RSI/MACD Momentum Scalper is particularly beneficial for scalpers and intraday traders looking for a dynamic, easy-to-read tool that minimizes noise while focusing on high-probability trade opportunities.
Sweaty Palms 9/21 EMAThe "Sweaty Palms 9/21 EMA" script is designed to help traders identify short-term and medium-term momentum trends using two Exponential Moving Averages (EMAs). The 9-period EMA is ideal for tracking immediate price movements, while the 21-period EMA provides a broader view of the trend. Together, they offer valuable insights into potential entry and exit points for trades.
This script allows users to customize the lengths of both EMAs to fit their trading style. By default, the 9 EMA is displayed in green, and the 21 EMA in yellow, making it easy to distinguish between the two. Users also have the option to toggle the visibility of each EMA, providing flexibility to focus on specific trends.
Dynamic labels are included to enhance usability by displaying the EMA lengths near the most recent bar on the chart. These labels update automatically, ensuring that users always have clear and relevant information at a glance. The bold, color-coded lines further enhance the visual appeal, making the chart easy to interpret even during fast-moving markets.
This script is a valuable tool for both swing and intraday traders. By monitoring crossovers between the 9 EMA and 21 EMA, traders can identify potential trend reversals or confirmations. Additionally, pullbacks to the 9 EMA can signal possible entry points, while the 21 EMA can act as a reliable trailing stop or trend filter. Overall, this script provides a clean, efficient way to analyze price momentum and make informed trading decisions.
XAUUSD Stretegy - proyect1. *Indicators Used*:
- Trying to implement fixed profile volume.
2. *Entry Conditions*:
- An entry signal is defined, it need effective conditions.
- Trades are only allowed between 09:00 and 12:00
- Only long positions.
- Only 1 trade per day.
3. *Position Sizing*:
- Can custom risk
4. *Exit Conditions*:
- When TP or SL.
- When is 15:00 close all trades.
### *Summary*
This project focuses on leveraging gold's bullish market to achieve controlled profits with customizable risk. It combines technical tools and disciplined risk management to optimize efficiency. Currently in development, the strategy aims to refine its performance and adaptability, offering a structured approach for trading gold’s upward trends.
Mangen ZeroLägi 5kplSama Zero kun ennenkin. Koodia vähän fixailtu.
Voit valita 5 kpl Zerolägejä samalla indikaattorilla.
Voit valita eri värit.
borsacı selim Al-Sat Noktalarıpinescript
//@version=5
indicator("Al-Sat Noktaları", overlay=true)
// Zaman dilimi seçimi
timeframe = input.timeframe("D", title="Zaman Dilimi Seçimi")
// Hareketli Ortalama
length = input(14, title="Hareketli Ortalama Süresi")
ma = ta.sma(request.security(syminfo.tickerid, timeframe, close), length)
// Al-Sat Sinyalleri
longCondition = ta.crossover(request.security(syminfo.tickerid, timeframe, close), ma)
shortCondition = ta.crossunder(request.security(syminfo.tickerid, timeframe, close), ma)
// Al-Sat Noktalarını Göster
plotshape(longCondition, style=shape.labelup, location=location.belowbar, color=color.green, size=size.small, text="AL")
plotshape(shortCondition, style=shape.labeldown, location=location.abovebar, color=color.red, size=size.small, text="SAT")
// Hareketli Ortalamayı Göster
plot(ma, color=color.blue, title="Hareketli Ortalama")
RSI Divergence Indicator BY AMOL PURKARRSI divergence occurs when the price of a stock moves in one direction, but the RSI indicator moves in the opposite direction. This divergence often signals a weakening trend, hinting at a possible reversal or at least a slowdown in the current trend’s momentum.
Scalping Profit Indicatorthis indicator is useful to generate small profits in small time interval. Try on you risk
Quarterly Divider The "Quarterly Divider" script draws vertical lines at the start of each quarter (January, April, July, October) on the Trading View chart. It also labels each line with the corresponding quarter (Q1, Q2, Q3, Q4) at the bottom of the line, making it easy to visualize the start of each trading quarter. The color and thickness of the lines are customizable
NB. works effectively is used on the weekly timeframe
Q-o-Q Sales, Profit, EPS//@version=5
indicator("Q-o-Q Sales, Profit, EPS", overlay=false)
// Inputs for sales, profit, and EPS for 4 quarters
sales_q1 = input.string("1000", title="Sales Q1 (in NYSE:K )")
sales_q2 = input.string("1200", title="Sales Q2 (in NYSE:K )")
sales_q3 = input.string("1100", title="Sales Q3 (in NYSE:K )")
sales_q4 = input.string("1300", title="Sales Q4 (in NYSE:K )")
profit_q1 = input.string("200", title="Profit Q1 (in NYSE:K )")
profit_q2 = input.string("250", title="Profit Q2 (in NYSE:K )")
profit_q3 = input.string("220", title="Profit Q3 (in NYSE:K )")
profit_q4 = input.string("300", title="Profit Q4 (in NYSE:K )")
eps_q1 = input.string("1.5", title="EPS Q1")
eps_q2 = input.string("1.8", title="EPS Q2")
eps_q3 = input.string("1.6", title="EPS Q3")
eps_q4 = input.string("2.0", title="EPS Q4")
// Table creation
var table table_id = table.new(position.top_center, 4, 5, bgcolor=color.new(color.gray, 90))
// Add table headers
table.cell(table_id, 0, 0, "Quarter", text_color=color.white, bgcolor=color.new(color.blue, 50))
table.cell(table_id, 0, 1, "Sales ( NYSE:K )", text_color=color.white, bgcolor=color.new(color.blue, 50))
table.cell(table_id, 0, 2, "Profit ( NYSE:K )", text_color=color.white, bgcolor=color.new(color.blue, 50))
table.cell(table_id, 0, 3, "EPS", text_color=color.white, bgcolor=color.new(color.blue, 50))
// Populate table with data
table.cell(table_id, 1, 0, "Q1", text_color=color.black, bgcolor=color.new(color.white, 0))
table.cell(table_id, 1, 1, sales_q1, text_color=color.black, bgcolor=color.new(color.white, 0))
table.cell(table_id, 1, 2, profit_q1, text_color=color.black, bgcolor=color.new(color.white, 0))
table.cell(table_id, 1, 3, eps_q1, text_color=color.black, bgcolor=color.new(color.white, 0))
table.cell(table_id, 2, 0, "Q2", text_color=color.black, bgcolor=color.new(color.white, 0))
table.cell(table_id, 2, 1, sales_q2, text_color=color.black, bgcolor=color.new(color.white, 0))
table.cell(table_id, 2, 2, profit_q2, text_color=color.black, bgcolor=color.new(color.white, 0))
table.cell(table_id, 2, 3, eps_q2, text_color=color.black, bgcolor=color.new(color.white, 0))
table.cell(table_id, 3, 0, "Q3", text_color=color.black, bgcolor=color.new(color.white, 0))
table.cell(table_id, 3, 1, sales_q3, text_color=color.black, bgcolor=color.new(color.white, 0))
table.cell(table_id, 3, 2, profit_q3, text_color=color.black, bgcolor=color.new(color.white, 0))
table.cell(table_id, 3, 3, eps_q3, text_color=color.black, bgcolor=color.new(color.white, 0))
table.cell(table_id, 4, 0, "Q4", text_color=color.black, bgcolor=color.new(color.white, 0))
table.cell(table_id, 4, 1, sales_q4, text_color=color.black, bgcolor=color.new(color.white, 0))
table.cell(table_id, 4, 2, profit_q4, text_color=color.black, bgcolor=color.new(color.white, 0))
table.cell(table_id, 4, 3, eps_q4, text_color=color.black, bgcolor=color.new(color.white, 0))
// Plot to make the script usable
plot(na)
RSI Divergence BY AMOL PURKAR PEPSIRSI divergence occurs when the price of a stock moves in one direction, but the RSI indicator moves in the opposite direction. This divergence often signals a weakening trend, hinting at a possible reversal or at least a slowdown in the current trend’s momentum.
FT TrendFT Trend
Overview
The FT Trend is a modern and highly customizable indicator designed for traders seeking to simplify and enhance their trend analysis. Based on the concept of the original Exponential Moving Average (EMA), this script introduces unique enhancements tailored for real-time adaptability and user-friendly customization, setting it apart from traditional EMA indicators.
Key Features
Enhanced EMA Visualization:
Smooth and accurate trendline plotting to provide clearer insights into price movement.
Customizable settings, including period length, line offset, and color, to suit individual trading styles.
Compact and Clean Design:
Removes unnecessary complexity by offering a straightforward focus on trend tracking.
Refined dropdown menu options to limit redundant styles, ensuring simplicity and clarity.
Offset Customization:
Allows traders to shift the EMA line forward or backward on the chart for advanced analysis and prediction.
Optimized Performance:
Built from scratch using Pine Script v6 for improved efficiency and reliability.
Streamlined code structure ensures minimal resource usage on TradingView.
How This Script Differs from Standard EMA Indicators
This script draws its inspiration from the traditional EMA indicator but introduces significant improvements to elevate its usability and functionality:
Custom Offset Adjustment: Unlike standard EMA scripts, FT Trend includes offset customization, allowing traders to anticipate or backtest trends visually.
Simplified User Interface: Unnecessary dropdown options have been removed to provide a cleaner, distraction-free experience.
Enhanced Aesthetic Design: Unique, vivid color schemes and customizable line styles make it more appealing and readable on the chart.
How It Works
Tracks price movement using an Exponential Moving Average formula with user-defined parameters.
Plots the EMA directly on the chart, offering a clear visual representation of market trends.
Offset functionality enables precise analysis of price action relative to the trendline.
Practical Applications
Trend Confirmation: Use the EMA to identify and confirm the current market trend.
Support and Resistance Levels: The EMA often acts as dynamic support or resistance during trending markets.
Entry and Exit Signals: Combine the EMA with other indicators to fine-tune trading signals.
Important Notes
The FT Trend is optimized for all timeframes, making it a versatile tool for intraday, swing, or long-term traders.
While based on the classic EMA concept, this script offers unique flexibility and adaptability not found in standard EMA indicators.
Credits
This indicator is inspired by the original EMA methodology but has been extensively customized and reimagined for modern trading strategies. Full credit is given to the creators of the EMA for their foundational work, which serves as the core idea behind this tool.
Disclaimer
This script is for informational and educational purposes only. Always test on a demo account before applying it to live markets. Proper risk management is crucial when trading.
Smart Money Breakout Signals [AlgoAlpha]Introducing the Smart Money Breakout Signals, a cutting-edge trading indicator designed to identify key structural shifts and breakout opportunities in the market. This tool leverages a blend of smart money concepts like Break of Structure (BOS) and Change of Character (CHoCH) to provide traders with actionable insights into market direction and potential entry or exit points.
Key Features :
✨ Market Structure Analysis : Automatically detects and labels BOS and CHoCH for trend confirmation and reversals.
🎨 Customizable Visualization : Tailor bullish and bearish colors for breakout lines and signals to suit your preferences.
📊 Dynamic Take-Profit Targets : Displays three tiered take-profit levels based on breakout volatility.
🔔 Real-Time Alerts : Stay ahead of the game with notifications for bullish and bearish breakouts.
📋 Performance Dashboard : Monitor signal statistics, including win rates and total signals, directly on your chart.
How to Use :
Add the Indicator : Add the script to your favourites ⭐ and customize settings like market structure horizon and confirmation type.
Monitor Breakouts : Observe BOS and CHoCH labels to identify potential trend shifts. Use the breakout lines and tiered take-profit levels to plan trades effectively.
Set Alerts : Enable alerts for bullish or bearish breakouts to act on opportunities without constant monitoring.
How It Works :
The indicator identifies market structure by analyzing pivot highs and lows over a user-defined time horizon. A breakout is confirmed based on either candle closes or wicks surpassing previous pivot points. Upon detection, the script generates signals with breakout lines and calculates take-profit targets based on the distance from the breakout level. A built-in dashboard tracks performance metrics like total signals and win rates, giving traders real-time feedback on strategy effectiveness.
Zig Zag + RVI / Owl of ProfitZig Zag + Relative Vigor Index (RVI) Strategy
This strategy combines the Zig Zag indicator for identifying trends and the Relative Vigor Index (RVI) for momentum-based entry and exit signals.
Features:
Zig Zag Indicator:
Helps identify major price trends and reversals.
Threshold: 5% (default) to filter out minor price movements.
Dynamically tracks highs and lows to determine the direction of the trend.
Relative Vigor Index (RVI):
Measures market momentum based on closing and opening prices relative to the range.
Length: 14 (default).
Overbought Level: 60 (default).
Oversold Level: 40 (default).
Entry and Exit Logic:
Long Condition:
Zig Zag trend is up.
RVI crosses above the oversold level (40).
Short Condition:
Zig Zag trend is down.
RVI crosses below the overbought level (60).
Exit Long:
Zig Zag trend reverses to down.
OR RVI crosses below the overbought level (60).
Exit Short:
Zig Zag trend reverses to up.
OR RVI crosses above the oversold level (40).
Visualization:
Zig Zag Lines:
Green lines for uptrends and red lines for downtrends plotted on the price chart.
RVI:
Plotted in blue with horizontal overbought (60) and oversold (40) levels for reference.
Customization:
Adjustable Zig Zag percentage threshold for filtering trend reversals.
Configurable RVI levels and length to fit various market conditions.
This strategy is ideal for traders looking to combine trend identification with momentum-based signals for precise entries and exits.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
VWAP + MACD / Owl of ProfitVWAP + MACD Strategy
This strategy combines Volume Weighted Average Price (VWAP) with the Moving Average Convergence Divergence (MACD) indicator to identify momentum-based entry and exit signals aligned with price levels.
Features:
VWAP (Volume Weighted Average Price):
A benchmark price level that accounts for trading volume.
Helps identify if the price is trading above or below a key average.
MACD (Moving Average Convergence Divergence):
Measures the relationship between two EMAs.
Fast Length: 12 (default).
Slow Length: 26 (default).
Signal Smoothing: 9 (default).
MACD Histogram highlights the difference between the MACD Line and the Signal Line.
Entry and Exit Logic:
Long Condition:
MACD Line crosses above the Signal Line.
Price is trading above VWAP.
Short Condition:
MACD Line crosses below the Signal Line.
Price is trading below VWAP.
Exit Long:
MACD Line crosses below the Signal Line.
OR price crosses below VWAP.
Exit Short:
MACD Line crosses above the Signal Line.
OR price crosses above VWAP.
Visualization:
VWAP:
Plotted as an orange line on the price chart.
MACD:
MACD Line in blue, Signal Line in red.
Histogram indicates positive (green) or negative (red) momentum.
Zero Line:
A reference line at 0 for MACD analysis.
Customization:
Adjustable MACD parameters and VWAP can be tailored to fit specific market conditions or timeframes.
This strategy is ideal for traders who want to combine momentum with volume-weighted trend direction for more precise entries and exits.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
Volume Oscillator + Price Action / Owl of ProfitVolume Oscillator + Price Action Strategy
This strategy combines the Volume Oscillator with a Moving Average (MA) to identify trend-following entry and exit points based on momentum and price action.
Features:
Volume Oscillator:
Measures the difference between short-term and long-term EMA of volume.
Short Length: 14 (default).
Long Length: 28 (default).
Helps identify increasing or decreasing momentum in trading activity.
Price Action Moving Average (MA):
A 50-period Simple Moving Average (default) used to determine the overall price trend.
Entry and Exit Logic:
Long Condition:
Volume Oscillator crosses above zero.
Price is above the Moving Average.
Short Condition:
Volume Oscillator crosses below zero.
Price is below the Moving Average.
Exit Long:
Volume Oscillator crosses below zero.
OR price crosses below the Moving Average.
Exit Short:
Volume Oscillator crosses above zero.
OR price crosses above the Moving Average.
Visualization:
Volume Oscillator:
Plotted as a blue line with a horizontal zero line for reference.
Price Moving Average:
Plotted as an orange line on the price chart to show trend direction.
Zero Line:
A horizontal line at zero to help visualize the Volume Oscillator crossovers.
Customization:
Adjustable lengths for Volume Oscillator and Moving Average to fit different market conditions.
This strategy is perfect for traders looking to combine momentum from volume changes with trend-following price action for precise entries and exits.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
Triple EMA (TEMA) + Fisher Transform / Owl of ProfitTriple EMA (TEMA) + Fisher Transform Strategy
This strategy combines the Triple Exponential Moving Average (TEMA) and Fisher Transform to identify trend and momentum-based entry and exit signals.
Features:
Triple EMA (TEMA):
A smoothed trend-following indicator designed to reduce lag.
Length: 21 (default).
Helps identify trend direction and crossover signals.
Fisher Transform:
Converts price movements into a Gaussian normal distribution.
Length: 10 (default).
Smoothing: Optional smoothing is applied to reduce noise.
Entry and Exit Logic:
Long Condition:
Price crosses above the TEMA line.
Fisher Transform crosses above 0.
Short Condition:
Price crosses below the TEMA line.
Fisher Transform crosses below 0.
Exit Long:
Price crosses below the TEMA line.
OR Fisher Transform crosses below 0.
Exit Short:
Price crosses above the TEMA line.
OR Fisher Transform crosses above 0.
Visualization:
TEMA:
Plotted in blue on the price chart to show trend direction.
Fisher Transform:
Plotted in red on a separate pane, with a dotted zero line for reference.
Zero Line:
A horizontal line at 0 helps visualize Fisher Transform crossovers.
Customization:
Adjustable TEMA and Fisher Transform lengths to fit different market conditions.
Optional smoothing for Fisher Transform to reduce noise.
This strategy is ideal for traders looking to combine trend-following and momentum-based signals for precise entries and exits.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
SuperTrend + Stochastic Oscillator / Owl of ProfitSuperTrend + Stochastic Oscillator Strategy
This strategy combines SuperTrend and Stochastic Oscillator to identify trend-based entry and exit points with momentum confirmation.
Features:
SuperTrend Indicator:
Uses ATR (Average True Range) to determine trend direction.
ATR Period: 10 (default).
Multiplier: 3.0 (default).
Identifies bullish (green) and bearish (red) trends.
Stochastic Oscillator:
Measures momentum and identifies overbought or oversold conditions.
%K Period: 14 (default).
%D Period: 3 (default).
Smooth %K: 3 (default).
Entry and Exit Logic:
Long Condition:
SuperTrend indicates a bullish trend.
Stochastic %K crosses above %D.
Stochastic %K is below 20 (oversold level).
Short Condition:
SuperTrend indicates a bearish trend.
Stochastic %K crosses below %D.
Stochastic %K is above 80 (overbought level).
Exit Logic:
Exit conditions can be added using stop-loss, take-profit, or custom rules.
Visualization:
SuperTrend:
Plotted directly on the price chart with green and red lines indicating bullish and bearish trends.
Background fill highlights the trend direction.
Stochastic Oscillator:
Plotted on a separate pane with overbought (80) and oversold (20) levels highlighted.
%K is blue, and %D is orange for easy identification.
Buy and Sell Signals:
Clearly marked with "Long" and "Short" labels for easy visualization.
This strategy is ideal for traders looking to combine trend-following and momentum-based indicators for more reliable entry and exit points.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
SuperTrend + Stochastic / Owl of ProfitSuperTrend + Stochastic Strategy
This strategy combines the SuperTrend indicator with the Stochastic Oscillator to identify trend-following entry and exit points with momentum confirmation.
Features:
SuperTrend Indicator:
Uses ATR (Average True Range) to determine trend direction.
Factor: 3.0 (default).
ATR Length: 10 (default).
Indicates bullish (green) and bearish (red) trends.
Stochastic Oscillator:
Helps identify overbought and oversold conditions.
%K Length: 14 (default).
%D Length (Smoothing): 3 (default).
Overbought Level: 80 (default).
Oversold Level: 20 (default).
Entry and Exit Logic:
Long Condition:
SuperTrend indicates a bullish trend.
Stochastic %K crosses above the oversold level (20).
Short Condition:
SuperTrend indicates a bearish trend.
Stochastic %K crosses below the overbought level (80).
Exit Long:
SuperTrend changes to bearish.
OR Stochastic %K crosses below the overbought level (80).
Exit Short:
SuperTrend changes to bullish.
OR Stochastic %K crosses above the oversold level (20).
Visualization:
SuperTrend:
Plotted directly on the price chart with green and red colors indicating bullish and bearish trends.
Background color changes based on the trend direction.
Stochastic Oscillator:
%K and %D lines plotted in a separate pane with overbought (80) and oversold (20) levels highlighted.
%K is blue, and %D is orange for easy identification.
Alerts:
Not included in this script but can be added for buy and sell conditions to ensure no missed opportunities.
This strategy is ideal for traders looking to combine trend direction with momentum oscillators for more precise entries and exits. Use it for backtesting and refining your trading approach.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
