Search in scripts for "Buy sell"
Volume Based Price ActionThis indicator is uses volume and common candlestick patterns to suggest potential trend reversals. It is not quite meant to be used as a buy/sell signal. Instead, it should be used to evaluate market psychology based on when the buyers or sellers fully dominated the price action.
In the current version, the indicators looks for engulfing and pin-bar patterns. Optionally, it also considers rising volume as further confirmation to the signal. In future, I plan on allowing it to track more candlestick patterns.
Please let me know if you have any suggestions, concerns, or comments!
Candlestick Trend Indicator v0.5 by JustUncleLRequested Update to this Indicator alert project. In this update I have added the option to be able select which Price Action candles you want included in the display and the generated alarm Alert. Other changes also included in this update:
Also added a Price Action candle for "Last Fractal S/R Break", this also a good continuation indication.
Added option to select a different moving average types for directional MA line.
Modified some default settings, using HullMA instead of Zero Lag EMA and standard MACD settings(12,26,9).
Description:
This is a trend following indicator and alert for Binary Options based on Candlestick patterns and trend line -
NOTE: original system was a forex trading system.
This code combines a number of indicators to create an overall trading strategy.
The indicator recognises and displays some useful candle named defined patterns that are used to support trend continuation:
Bearish + Bullish PinBars
Dark Cloud Cover
Piecing Line
Bullish + Bearish Harami
Bullish + Bearish Engulfing Candle
Bullish + Bearish Last Fractal S/R break
Also recognises main Price Action candles from ChrisMoody (CM), the four(4) price action patterns are colored coded bars:
Yellow = Inside Bar - breakout/continuance
Orange = Outside Bar - breakout/continuance
Aqua/Fuschia = Up/Down Shaved Bars - Buying/Selling pressure
Red/Green = Possible reversal PinBars - Reverse Down / reverse Up
The highlighted candles (maroon and darker green) represent the defined PA patterns that have been confirmed following the current trend direction that is indicated by the Hull MA(20) line (can select a different type of MA, or even disable) and confirmed by MACD direction (can be disabled). The confirmed Alerts are indication by green (buy) and red (sell) dots at the bottom of the chart. An alert is generated from this selection for the alert condition of the alarming system.
The fractal upper/lower break lines are also draw, if the (optional) last fractal break line is broken by a highlighted bar then this indicates a stronger trend conformation.
The MACD indicator MACD DEUTER 2 colour(12,26,9) you can visually see the MACD histogram colours with MACD direction - needs "MACD DEUTER 2 colour" indicator.
This multi-indicator set up is suitable for 1hr, 4hr and daily charts with 1-4 candle expiry.
References and Inspiration from:
Fractal Levels by RicardoSantos
Almost Zero Lag EMA
Candlestick Patterns With EMA by rmwaddelljr
CM_Price-Action-Bars by ChrisMoody
www.forexstrategiesresources.com
"Scalp Jockey - MTF MA Cross Visual Strategizer by JayRogers"
QQE Cross Indicator Alert v2.0 by JustUncleLThis version of the indicator makes a distinction between the types of QQE cross alerts on the chart and now only recommends the Thresh Hold channel exit crosses for BUY/SELL alerts, the other two types of crosses are still there to provide pre-warning of pending BUY/SELL alerts. Also only the BUY/SELL alerts are filtered by Moving Average Filter and/or the new Directional filter (default). The default settings in this version have also been changed, particularly the Moving Averages, to indicate trend changes quicker.
Indicator Project Description:
*** This is a trend following indicator alert that uses fast QQE crosses with Moving Averages for trend direction filtering. QQE or Qualitative Quantitative Estimation is based on the relative strength index, but uses a smoothing technique as an additional transformation. Three crosses can be selected (all selected by default):
RSI signal crossing ZERO (XZERO)
RSI signal crossing Fast RSIatr line (XQQE)
RSI signal exiting the RSI Threshhold Channel (BUY/SELL)
The (BUY/SELL) alerts can be optionally filtered by the Moving Average Combo:
For BUY alert the Close must be above the fast MA and
fast MA (EMA8) > medium MA (EMA20) > slow MA (SMA50).
For SELL alert the Close must be below the fast MA and
fast MA (EMA8) < medium MA (EMA20) < slow MA (SMA50).
and/or Directional filter (default filter):
For BUY alert the Close must be above the slow MA (SMA50) and the directional MA (EMA20) must be green.
For SELL alert the Close must be below the slow MA (SMA50) and the directional MA (EMA20) must be red.
The XZERO and XQQE are not included in the filtering, they are used to indicate pending BUY/SELL alerts, particularly the XZERO.
Note: I have found the XQQE cross can also be quite good alert for BUY/SELL as well, particularly in direction of current trend. The XZERO I have found to be totally unreliable for BUY/SELL alerts.
This indicator should work on any currency pair, most chart timeframes and expiry in 3 to 6 candles for binary option trading. For hourly or longer charts expiry can be longer for binary options, or if available use standard forex trading techniques
Some Hints for using this indicator:
Avoid taking trades in non-trending market, this is normally indicated by a near Horizontal SMA50 line.
Avoid trading when all the moving averages are close together.
When trading 1min and 5min charts, expiry should set to 1-3 candles.
Avoid trading when market choppy, this is normally indicated by the fast EMA8 crossing the EMA20 back and forwards quickly.
High probability trades tend to occur when you get a XQQE followed by a XZERO and then BUY/SELL in the same direction of trend.
Don't trade near nor directly on any major market news (sometime better no trade day).
Please practise this system in DEMO first, before committing any real money. Be patient the more you practise the better and more confident you will be.
I hope you enjoy this indicator, it has proven very effective for me.
ZTLs Bar_TrendHere is an adaptation of TTM_Trend I coded. It's all pretty self explanatory. Aqua = buy and red = sell.
There's only one setting to tweak and it's the look-back for highest and lowest.
I have found that this indicator gives signals at almost identical areas to the TTM_Trend but tend to actually be a little more efficient (earlier buy/sell signals), although I haven't thoroughly back-tested it.
Enjoy!
Please comment below if you have any questions.
EMA20 Cross Strategy with countertrades and signalsEMA20 Cross Strategy Documentation
Overview
The EMA20 Cross Strategy with Counter-Trades and Instant Signals is a Pine Script (version 6) trading strategy designed for the TradingView platform. It implements an Exponential Moving Average (EMA) crossover system to generate buy and sell signals, with optional trend filtering, session-based trading, instant signal processing, and visual/statistical feedback. The strategy supports counter-trades (closing opposing positions before entering new ones) and operates with a fixed trade size in EUR.
Features
EMA Crossover Mechanism:
Uses a short-term EMA (configurable length, default: 1) and a long-term EMA (default: 20) to detect crossovers.
A buy signal is generated when the short EMA crosses above the long EMA.
A sell signal is generated when the short EMA crosses below the long EMA.
Instant Signals:
If enabled (useInstantSignals), signals are based on the current price crossing the short EMA, rather than waiting for the candle close.
This allows faster trade execution but may increase sensitivity to price fluctuations.
Trend Filter:
Optionally filters trades based on the trend direction (useTrendFilter).
Long trades are allowed only when the short EMA (or price, for instant signals) is above the long EMA.
Short trades are allowed only when the short EMA (or price) is below the long EMA.
Session Filter:
Restricts trading to specific market hours (sessionStart, default: 09:00–17:00) if enabled (useSessionFilter).
Ensures trades occur only during active market sessions, reducing exposure to low-liquidity periods.
Customizable Timeframe:
The EMA calculations can use a higher timeframe (e.g., 5m, 15m, 1H, 4H, 1D, default: 1H) via request.security.
This allows the strategy to base signals on longer-term trends while operating on a shorter-term chart.
Trade Management:
Fixed trade size of €100,000 per trade (tradeAmount), with a maximum quantity cap (maxQty = 10,000) to prevent oversized trades.
Counter-trades: Closes short positions before entering a long position and vice versa.
Trades are executed with a minimum quantity of 1 to ensure valid orders.
Visualization:
EMA Lines: The short EMA is colored based on the last signal (green for buy, red for sell, gray for neutral), and the long EMA is orange.
Signal Markers: Displays buy/sell signals as arrows (triangles) above/below candles if enabled (showSignalShapes).
Background/Candle Coloring: Optionally colors the chart background or candles green (bullish) or red (bearish) based on the trend (useColoredBars).
Statistics Display:
If enabled (useStats), a label on the chart shows:
Total closed trades
Open trades
Win rate (%)
Number of winning/losing trades
Profit factor (gross profit / gross loss)
Net profit
Maximum drawdown
Configuration Inputs
EMA Short Length (emaLength): Length of the short-term EMA (default: 1).
Trend EMA Length (trendLength): Length of the long-term EMA (default: 20).
Enable Trend Filter (useTrendFilter): Toggles trend-based filtering (default: true).
Color Candles (useColoredBars): Colors candles instead of the background (default: true).
Enable Session Filter (useSessionFilter): Restricts trading to specified hours (default: false).
Trading Session (sessionStart): Defines trading hours (default: 09:00–17:00).
Show Statistics (useStats): Displays performance stats on the chart (default: true).
Show Signal Arrows (showSignalShapes): Displays buy/sell signals as arrows (default: true).
Use Instant Signals (useInstantSignals): Generates signals based on live price action (default: false).
EMA Timeframe (emaTimeframe): Timeframe for EMA calculations (options: 5m, 15m, 1H, 4H, 1D; default: 1H).
Strategy Logic
Signal Generation:
Standard Mode: Signals are based on EMA crossovers (short EMA crossing long EMA) at candle close.
Instant Mode: Signals are based on the current price crossing the short EMA, enabling faster reactions.
Trade Execution:
On a buy signal, closes any short position and opens a long position.
On a sell signal, closes any long position and opens a short position.
Position size is calculated as the minimum of €100,000 or available equity, divided by the current price, capped at 10,000 units.
Filters:
Trend Filter: Ensures trades align with the trend direction (if enabled).
Session Filter: Restricts trades to user-defined market hours (if enabled).
Visual Feedback
EMA Lines: Provide a clear view of the short and long EMAs, with the short EMA’s color reflecting the latest signal.
Signal Arrows: Large green triangles (buy) below candles or red triangles (sell) above candles for easy signal identification.
Chart Coloring: Highlights bullish (green) or bearish (red) trends via background or candle colors.
Statistics Label: Displays key performance metrics in a label above the chart for quick reference.
Usage Notes
Initial Capital: €100,000 (configurable via initial_capital).
Currency: EUR (set via currency).
Order Processing: Orders are processed at candle close (process_orders_on_close=true) unless instant signals are enabled.
Dynamic Requests: Allows dynamic timeframe adjustments for EMA calculations (dynamic_requests=true).
Platform: Designed for TradingView, compatible with any market supported by the platform (e.g., stocks, forex, crypto).
Example Use Case
Scenario: Trading on a 5-minute chart with a 1-hour EMA timeframe, trend filter enabled, and session filter set to 09:00–17:00.
Behavior: The strategy will:
Calculate EMAs on the 1-hour timeframe.
Generate buy signals when the short EMA crosses above the long EMA (and price is above the long EMA).
Generate sell signals when the short EMA crosses below the long EMA (and price is below the long EMA).
Execute trades only during 09:00–17:00.
Display green/red candles and performance stats on the chart.
Limitations
Instant Signals: May lead to more frequent signals, increasing the risk of false positives in volatile markets.
Fixed Trade Size: Does not adjust dynamically based on market conditions beyond equity and max quantity limits.
Session Filter: Simplified and may not account for complex session rules or holidays.
Statistics: Displayed on-chart, which may clutter the view in smaller charts.
Customization
Adjust emaLength and trendLength to suit different market conditions (e.g., shorter for scalping, longer for swing trading).
Toggle useInstantSignals for faster or more stable signal generation.
Modify sessionStart to align with specific market hours.
Disable useStats or showSignalShapes for a cleaner chart.
This strategy is versatile for both manual and automated trading, offering flexibility for various markets and trading styles while providing clear visual and statistical feedback.
MACD Positive & Negative AlertThe MACD (Moving Average Convergence Divergence) is a momentum and trend-following indicator that helps traders identify the strength and direction of a trend, spot potential reversals, and fine-tune entry/exit timing.
Core Components
- MACD Line:
The difference between the 12-period and 26-period EMA (Exponential Moving Averages). This line highlights shifts in momentum and identifies the prevailing trend direction.
- Signal Line:
A 9-period EMA of the MACD line, acting as a trigger for buy/sell signals. When the MACD line crosses above the signal line, it suggests a bullish signal; when it crosses below, it suggests a bearish one.
- Histogram:
Shows the difference between the MACD line and the signal line as a bar graph. The histogram helps traders gauge the strength of the momentum and can warn of possible reversals. A rapidly growing histogram means strengthening momentum, while a shrinking one indicates weakening momentum.
Main Uses
- Trend Identification:
A positive MACD value typically signals a bullish trend, while a negative value signals a bearish trend.
- Momentum Analysis:
Divergences between MACD and price can warn of upcoming reversals. Increasing MACD histogram bars confirm strong momentum; shrinking bars suggest consolidation or reversal.
- Signal Generation:
Crossovers between the MACD line and the signal line generate trade signals—bullish (buy) if the MACD moves above the signal, bearish (sell) if it falls below l.
Example Interpretation
- MACD Crossover:
If the MACD line crosses above the signal line, it's often considered a buy signal; a cross below is a sell signal.
- Zero Line Cross:
If the MACD histogram moves from below zero to above, this is considered a bullish momentum shift; above zero to below is a bearish move.
The MACD is most effective in trending markets and should ideally be used alongside additional indicators for robust trading decisions.
SSL CHANNEL 2.0SSL Channel + Braid Filter + MFI Alerts (TanTechTrades™)
This indicator combines three confirmation tools — SSL Channel, Braid Filter, and Money Flow Index (MFI) — to generate precise buy/sell alerts.
🔹 Features
SSL Channel: Trend direction based on moving averages of highs and lows
Braid Filter: Confirms trend strength via EMA separation and volatility filter
MFI: Volume-adjusted momentum for validation of long/short entries
Alerts for both long and short signals
Background coloring for visual Braid Filter confirmation
Signal markers on the chart (BUY/SELL labels + colored circles)
🔹 How It Works
Long Signal: SSL bullish crossover + Braid Filter green + MFI above threshold
Short Signal: SSL bearish crossunder + Braid Filter red + MFI below threshold
Plots dynamic trend lines and color-coded backgrounds to reinforce signals visually
This multi-indicator system helps reduce false signals by requiring trend, momentum, and volume confirmation before entries.
⚠️ Disclaimer: Educational purposes only. Not financial advice.
SMA Crossover High/Low LinesSMA Crossover High/Low Lines (@version=5)
Purpose
This indicator plots horizontal lines and optional price labels on the high and low of candles where the price crosses a Simple Moving Average (SMA). It helps identify buy/sell signals visually on the chart.
Inputs
smaLength – Length of the SMA (default: 50).
showType – Which crossovers to show: "Both", "Buy Only", or "Sell Only".
lineLength – How many bars the horizontal line extends (default: 10).
showPriceLabels – Whether to show price labels at crossover points (true/false).
Logic
SMA Calculation – Computes a simple moving average of the closing price.
Crossover Detection:
crossUp → price crosses above SMA (buy signal).
crossDown → price crosses below SMA (sell signal).
Draw Horizontal Lines – At candle high and low of crossover:
Green for buy (crossUp)
Red for sell (crossDown)
Lines extend for lineLength bars
Optional Labels – Shows the high/low price at the end of the horizontal line if showPriceLabels is true.
Visualization
SMA line plotted in blue.
Buy crossovers → green horizontal lines and labels.
Sell crossovers → red horizontal lines and labels.
In short:
This indicator highlights buy/sell points where price crosses the SMA by marking candle highs/lows with colored lines and optional price labels for easy visual reference.
Triple Tap Sniper Triple Tap Sniper v3 – EMA Retest Precision System
Triple Tap Sniper is a precision trading tool built around the 21, 34, and 55 EMAs, designed to capture high-probability retests after EMA crosses. Instead of chasing the first breakout candle, the system waits for the first pullback into the EMA21 after a trend-confirming cross — the spot where professional traders often enter.
🔑 Core Logic
EMA Alignment → Trend defined by EMA21 > EMA34 > EMA55 (bullish) or EMA21 < EMA34 < EMA55 (bearish).
Cross Detection → Signals are only armed after a fresh EMA cross.
Retest Entry → Buy/Sell signals fire only on the first retest of EMA21, with trend still intact.
Pro Filters →
📊 Higher Timeframe Confirmation: Aligns signals with larger trend.
📈 ATR Volatility Filter: Blocks weak signals in low-vol chop.
📏 EMA Spread Filter: Ignores tiny “fake crosses.”
🕯️ Price Action Filter: Requires a proper wick rejection for valid entries.
🚀 Why Use Triple Tap Sniper?
✅ Filters out most false signals from sideways markets.
✅ Focuses only on clean trend continuations after pullbacks.
✅ Beginner-friendly visuals (Buy/Sell labels) + alert-ready for automation.
✅ Flexible: works across multiple timeframes & asset classes (stocks, crypto, forex).
⚠️ Notes
This is a signal indicator, not a full strategy. For backtesting and optimization, convert to a strategy and adjust filters per market/timeframe.
No indicator guarantees profits — use with sound risk management.
Elliott Wave Rule EngineWhat this tool does
The indicator scans price for two concurrent swing structures—a Small (shorter-degree) and a Large (higher-degree) set—then applies an Elliott/NeoWave rule engine to the most recent 5-swing motive (1-2-3-4-5) or 3-swing corrective (A-B-C). It produces:
Blue lines for Small swings and Orange lines for Large swings.
A rule dashboard (optional) showing PASS/FAIL/WARN for core rules & guidelines.
Buy/Sell labels when (a) a valid motive completes and (b) loop “consensus,” alignment, and scoring gates are satisfied.
Reading the chart
Small swings: thin blue segments, built from your Small settings.
Large swings: thicker orange segments, from your Large settings.
Background tint: faint green when a motive (impulse/diagonal) is valid right now on Small.
Labels (if enabled):
“1…5” or “A-B-C” markers on the latest detected structure.
Buy/Sell label at the last pivot when all gates pass; text may include a score %.
How it works
For both Small and Large degrees the script:
- Loops over all (left, right) combinations you specify (e.g., Small Left = 3..6, Right = 0..0) and calls ta.pivothigh/low.
- Aggregates the results:
- Keeps the most extreme pivot found in the loop (highest high or lowest low) that’s newer than the last accepted swing.
- Gates acceptance by minimum % change versus the last opposite swing (inside the loop) and a post-aggregation filter (Small Minimum swing %, Large Minimum swing %).
- Merges back-to-back same-type swings (HH or LL) by keeping only the more extreme one.
- Keeps only the last N=lookbackWaves swings (default 100).
- Consensus (used for signals) comes from the loop counts:
- sBuyConsensus = small L-count / total-combos (bullish bias)
- sSellConsensus = small H-count / total-combos (bearish bias)
(and the same for Large). This is a data-driven “how many combos agreed” measure.
2) Rule engine (Impulse/Diagonal vs. Corrective)
When there are at least 6 Small swings, the engine tests 1-2-3-4-5:
Hard rules (must pass for an Impulse):
- Wave-2 not > 100% of Wave-1 (no retrace beyond start of W1).
- Wave-3 not the shortest among 1,3,5.
- Wave-4 doesn’t overlap Wave-1 (if it does, structure may be a Diagonal).
- Diagonal eligibility: Rules 1 & 2 pass but Rule 3 fails ⇒ eligible as a Diagonal (
Guidelines (7 checks, count toward a threshold you set):
- W2 retraces a Fib level (within ±fibTol).
- W4 retraces a Fib level (within ±fibTol).
- W3 strongest momentum (speed = |Δprice| / bars).
- Alternation: W2 vs W4 have meaningfully different “sharpness” (price per bar), threshold altSlopeThr.
- Proportion (Price): |W1| and |W3| within propTolP× each other.
- Proportion (Time): W1W3 and W2W4 durations within propTolT×.
- W5 weaker than W3 (momentum divergence proxy).
A Motive is valid if:
- Impulse: all 3 hard rules pass and guideline passes ≥ Min guideline passes.
- Diagonal: diagonal-eligible and guideline passes ≥ Min guideline passes.
- if motive fails, the engine still evaluates ABC as Zigzag and Flat to populate the table:
- Zigzag: B shallower than ~0.618A; C ≈ A or 1.618A (±fibTol).
- Flat: B ≥ ~0.9A; expanded flat if B > 1.0A and C in *A; “running” note if C < A.
3) Signal logic (consensus-gated & scored)
Signals fire only on new Small pivots and only if a Small motive just validated:Direction comes from the motive’s W1 (up = bull, down = bear).
Consensus checks (from the loop):
Use Sell consensus if the last pivot is a High, or Buy consensus if it’s a Low.Require it ≥ Min SMALL loop consensus and ahead of the opposite side by at least Min consensus margin.If you also require Large quality: check the corresponding Large consensus ≥ Min LARGE loop consensus.
Alignment: If Require small/large directional alignment is ON, Small and Large directions must match (or the Large motive must be complete).
Score:
- If Large not required: finalScore = smallConsensus × smallQuality.
- If Large required: finalScore = smallConsensus × smallQuality × largeQuality.
- Need finalScore ≥ Min final score.
When all gates pass, you’ll see “Buy xx%” or “Sell xx%” at the pivot.
Inputs (explained):
- Smaller Wave Swing Detection (Looped)
- Small Left Min / Max (default 3..6): ta.pivot* left widths to scan.
- Small Right Min / Max (default 0..0): right widths to scan (0 = earliest confirmation).
- Small Minimum swing % (post-aggregation) (0.3%): filters out tiny swings after the loop.
- Larger Wave Swing Detection (Looped)
- Large Left Min / Max (100..200) and Right Min/Max (0..0): higher-degree scan (defaults are big; adjust for intraday).
- Large Minimum swing % (post-aggregation) (1.5%).
- Loop Filters (inside the loop)
- Small loop min % change (0.20%): a candidate pivot counts only if move vs. last opposite Small swing ≥ this.
- Large loop min % change (1.50%): same idea for Large.
Rule Engine Tolerances
- Fibonacci tolerance (±%) (0.05 = 5%): closeness to Fib levels.
-Same-degree TIME proportion max (x) (2.00×) and PRICE proportion max (x) (3.00×).
- Alternation slope ratio threshold (0.10): higher = stricter alternation.
- Min guideline passes (0–7) (5): threshold for motive validity.
- Signal Probability (Loop Consensus)
- Min SMALL loop consensus (0.60).
- Min LARGE loop consensus (0.50) (used only if Large validation matters).
- Min consensus margin vs opposite (0.10): e.g., 0.60 vs 0.45 fails (margin 0.15 passes).
Require LARGE 1–5 valid (or diagonal) for signal (off by default).
Min final score (0.20): gate on the composite score.
Annotate label with score % (on).
WARN (orange): guideline not met—pattern can still be valid if total passes ≥ Min guideline passes.
FAQ
Q: Why did I get a diagonal instead of an impulse?
A: Wave-4 overlapped Wave-1 (Rule 3). If Rules 1 & 2 pass and guidelines meet your minimum, it’s eligible as a Diagonal.
Q: Where do Buy/Sell labels come from?
A: Only after a valid Small motive at a new pivot, and only if consensus, alignment, and final score gates pass (per your settings).
Q: It “missed” a wave in hindsight.
A: Pivots require right bars to confirm; extremely tight settings can filter that swing; adjust Small min % or ranges.
Q: Are there repaints?
A: No, It uses standard pivot confirmation; until a pivot is confirmed, recent swings can evolve. After confirmation, lines/labels are stable.
Limitations & disclaimers
Elliott/NeoWave rules are heuristics; markets are messy. Treat outputs as structured context, not certainty.
Consensus is pattern-scan agreement, not probability of profit Not investment advice; always couple with risk management.
X-Scalp by LogicatX-Scalp by Logicat — Clean-Range MTF Scalper
Turn noisy intraday action into clear, actionable scalps. X-Scalp builds “Clean Range” zones only when three timeframes agree (default: M30/M15/M5), then waits for a single, high-quality M5 confirmation to print a BUY/SELL label. It’s fast, simple, and ruthlessly focused on precision.
What it does
Clean Range zones: Drawn from the last completed M30 candle only when M30/M15/M5 align (all green or all red).
Size filter (pips): Ignore tiny, low-value ranges with a configurable minimum height (auto-pip detection included).
Extend-until-mitigated: Zones stretch right and “freeze” on first mitigation (close inside or close beyond, your choice). Optional fade when mitigated.
Laser M5 entries (one per box):
Red M5 bar inside a green zone → SELL
Green M5 bar inside a red zone → BUY
Prints once per zone on the closed M5 candle—no spam.
Quality of life: Keep latest N zones, customizable colors, optional H4 reference lines, alert conditions for both zone creation and entries.
Why traders love it
Clarity: Filters chop; you see only aligned zones and one clean trigger.
Speed: Designed for scalpers on FX, XAU/USD, indices, and more.
Control: Tune lookback, pip threshold, mitigation logic, and visuals to fit your playbook.
Tips
Use on liquid sessions for best results.
Combine with your risk model (fixed R, partials at mid/edge, etc.).
Backtest different pip filters per symbol.
Disclaimer: No indicator guarantees profits. Trade responsibly and manage risk.
Berdins Indicator - EMA-POC(RSI + MTF + Alerts)EMA-POC Momentum System (RSI + MTF + Alerts)
Wat het doet
• Trend: tekent EMA 20 (rood), EMA 50 (blauw) en EMA 238 (oranje).
• Key level: vereenvoudigde POC-lijn = close van de hoogste-volume bar binnen een lookback.
• Momentum: Buy/Sell signaal wanneer RSI de 50-lijn kruist in de richting van de EMA-trend.
• Filters: optioneel higher-timeframe trend (MTF), slope-filter (EMA20 & EMA50 moeten stijgen/dalen),
en minimum afstand tot POC om chop te vermijden.
• Alerts: kies ofwel twee alerts (Buy/Sell) of één gecombineerde alert.
Gebruik
1) Voeg toe aan je chart en laat “Confirm on bar close” aan voor niet-repainting signalen.
2) Intraday: overweeg MTF-trend (bijv. chart = 5m/15m, HTF = 60m).
3) Stel desgewenst “Min distance from POC” in op ~0.5–1.0% om entries vlak op de POC te vermijden.
4) Maak alerts via het Alerts-paneel: “Buy Alert”, “Sell Alert” of “Combined”.
Belangrijk
• De POC is een lichte benadering (geen volledig volume-profiel).
• Signalen zijn informatief/educatief; combineer met eigen risk- & trade-management.
Berdins indicatorMA-POC Momentum System PRO (RSI + MTF + Alerts)EMA-POC Momentum System (RSI + MTF + Alerts)
What it does
• Trend: plots EMA 20 (red), EMA 50 (blue), EMA 238 (orange)
• Key level: simplified POC line = close of the highest-volume bar within a lookback window
• Momentum: Buy/Sell signals when RSI crosses 50 in the direction of the EMA trend
• Filters: optional higher-timeframe trend alignment, EMA slope filter, and minimum distance from POC to avoid chop
• Alerts: separate Buy/Sell alerts or one combined alert (choose in settings)
How to use
1) Add to chart and keep “Confirm on bar close” enabled for non-repainting signals.
2) For intraday, consider enabling MTF Trend (e.g., chart = 5m/15m, HTF = 60m).
3) Optional: set Min distance from POC to ~0.5–1.0% to avoid entries right on the POC.
4) Create alerts via the Alerts panel: choose “Buy Alert”, “Sell Alert”, or “Combined”.
Inputs (quick reference)
• EMA Fast/Mid/Slow = 20/50/238
• POC Lookback (default 200)
• RSI Length (default 14)
• Use Higher Timeframe Trend? (default off) + HTF for Trend
• Require EMA20 & EMA50 slope (default on)
• Min distance from POC (% of price)
• Confirm signals on bar close (default on)
• Use ONE combined alert (default off)
Notes
• POC here is a lightweight approximation and not a full volume profile.
• Signals are informational/educational. Always manage risk and confirm with your own process.
Berdins Indicator - EMA-POC (RSI + MTF + Alerts)EMA-POC Momentum System (RSI + MTF + Alerts)
What it does
• Trend: plots EMA 20 (red), EMA 50 (blue), EMA 238 (orange)
• Key level: simplified POC line = close of the highest-volume bar within a lookback window
• Momentum: Buy/Sell signals when RSI crosses 50 in the direction of the EMA trend
• Filters: optional higher-timeframe trend alignment, EMA slope filter, and minimum distance from POC to avoid chop
• Alerts: separate Buy/Sell alerts or one combined alert (choose in settings)
How to use
1) Add to chart and keep “Confirm on bar close” enabled for non-repainting signals.
2) For intraday, consider enabling MTF Trend (e.g., chart = 5m/15m, HTF = 60m).
3) Optional: set Min distance from POC to ~0.5–1.0% to avoid entries right on the POC.
4) Create alerts via the Alerts panel: choose “Buy Alert”, “Sell Alert”, or “Combined”.
Inputs (quick reference)
• EMA Fast/Mid/Slow = 20/50/238
• POC Lookback (default 200)
• RSI Length (default 14)
• Use Higher Timeframe Trend? (default off) + HTF for Trend
• Require EMA20 & EMA50 slope (default on)
• Min distance from POC (% of price)
• Confirm signals on bar close (default on)
• Use ONE combined alert (default off)
Notes
• POC here is a lightweight approximation and not a full volume profile.
• Signals are informational/educational. Always manage risk and confirm with your own process.
Berdins indicator (EMA + POC + RSI Signals + Alerts)This script is a KS-style lookalike indicator (for educational purposes only):
- Plots 3 EMAs:
• EMA 20 (red)
• EMA 50 (blue)
• EMA 238 (orange)
- Calculates a simplified Point of Control (POC) line based on volume over the last N bars
- Generates Buy/Sell signals when RSI momentum aligns with EMA trend direction
- Includes alerts for both Buy and Sell signals
Use case: Designed to help visualize market trend, key levels, and potential entry/exit points.
Big Orders Detector - Whale Activity SpotterDetect Institutional & Whale Trading Activity with Volume Analysis
This indicator helps traders identify significant buy/sell orders (whale activity) by analyzing volume spikes and price movements. Perfect for spotting institutional entries and exits.
📊 Key Features:
Volume Spike Detection - Identifies when volume exceeds average by customizable multiplier
Price Movement Analysis - Tracks significant price changes with adjustable threshold
Smart Direction Detection - Distinguishes between big buy and sell orders
Visual Markers - Clear arrows, background highlights, and detailed labels
Flexible Settings - Fully customizable parameters for different trading styles
Statistics Table - Optional real-time order count tracking
Alert System - Built-in alerts for automated notifications
⚙️ How It Works:
The indicator combines volume analysis with price movement detection to identify unusual market activity. When volume significantly exceeds the moving average AND price shows meaningful movement, it marks these as potential whale orders.
🎯 Best Used For:
Crypto markets with high volume activity
Forex pairs during major news events
Stock trading around earnings/announcements
Identifying institutional accumulation/distribution
📈 Settings Guide:
Volume Multiplier (3.0) - How many times above average volume (recommended minimum: 3.0)
Volume Period (20) - Moving average period for volume
Price Threshold (1.5%) - Minimum price change requirement
Visual Options - Toggle arrows, labels, and background highlights
💡 Trading Tips:
Use on liquid markets with consistent volume
Combine with support/resistance levels
Higher timeframes show more significant orders
Adjust sensitivity based on market volatility
⚠️ Important Notes:
Not financial advice - for educational purposes only
Past performance doesn't guarantee future results
Always use proper risk management
Test parameters on your specific markets
Perfect for swing traders, day traders, and anyone looking to spot whale activity in their favorite markets!
CCI Levels Advanced [CongTrader]📌 Final Professional Description (ready to publish)
Overview
CCI Levels Advanced is an enhanced version of the Commodity Channel Index (CCI).
This indicator expands on the classic CCI by introducing extreme overbought/oversold zones, background highlights, visual cross markers, and customizable alerts. It is designed as a flexible tool for traders who want clearer insights into market momentum and potential turning points.
Features
Customizable CCI length – fine-tune sensitivity for different assets and timeframes.
Overbought/Oversold thresholds – adjustable levels to match your strategy.
Extreme zone highlights – visual shading when CCI reaches unusually strong levels.
Cross markers – ▲ / ▼ markers when CCI crosses oversold or overbought zones.
Alert system – built-in conditions for crossovers and extreme levels.
How to Use
Use CCI levels to detect momentum shifts and potential exhaustion points.
Overbought/oversold levels may highlight conditions of market pressure, but they are not direct buy/sell signals.
Extreme zones can be used as filters to avoid weaker signals.
Combine with trend filters, support/resistance, or volume indicators for confirmation.
Notes
This script is a technical analysis tool.
It does not generate guaranteed trading signals.
Past performance does not guarantee future results.
Always backtest and validate with additional analysis.
Disclaimer
This indicator is published for educational and analytical purposes only.
It should not be interpreted as financial advice or a recommendation to buy or sell any asset.
Trading involves risk, and you are solely responsible for your own investment decisions...
Multi-TF EMA 5/8-ChartTicker-Dashboard⚙️ Key Components
Timeframes & Weights
Uses 5 different intraday timeframes: 2m, 5m, 15m, 30m, 60m.
Each TF has a weight:
2m = 1
5m = 2
15m = 4
30m = 8
60m = 16
👉 Higher timeframe signals contribute more to the total.
Signal Logic per Timeframe
For each TF, calculate EMA 5 and EMA 8.
If EMA5 > EMA8 → Buy (B, +1).
If EMA5 < EMA8 → Sell (S, –1).
Total Score Calculation
Each signal (+1 or –1) is multiplied by its timeframe weight.
All weighted signals are summed into a total score.
Positive = bullish bias, negative = bearish bias.
Dashboard Table (top-right corner)
Row 1 (header): Symbol, each timeframe (2m, 5m, 15m, 30m, 60m), Total.
Row 2 (values):
Symbol name.
B (green) or S (red) per timeframe.
Weighted Total score.
🛠️ Overall Function
This indicator is essentially a multi-timeframe EMA trend dashboard that:
Shows Buy/Sell alignment across multiple TFs.
Provides a weighted trend score to quickly assess market bias.
Makes it easy to spot whether short- and long-term signals agree or conflict.
svm tikole ADX rsi How this works:
ADX checks trend strength. (Above 25 = strong trend)
RSI confirms momentum (above 50 = bullish, below 50 = bearish).
Strong Buy = ADX strong + DI+ > DI– + RSI > 50.
Strong Sell = ADX strong + DI– > DI+ + RSI < 50.
Buy/Sell labels are plotted on chart.
RSI panel included as optional.
👉 This script is error-free and gives clear strong buy/sell signals.
Technical Probability MetrixThe provided Pine Script is a comprehensive trading tool called the "Technical Probability Metrix," designed for TradingView in Pine Script version 5. It integrates multiple technical indicators and advanced calculations to generate a probability score indicating the likelihood of bullish or bearish price movement. This study is helpful for traders seeking a consolidated market analysis from several technical perspectives in one integrated view.
How to Use This Script
• Apply the script to any chart on TradingView.
• Customize input parameters like wave detection period, Fibonacci levels, RSI length, MACD settings, stochastic length, and EMA periods to suit your trading style.
• Enable or disable display elements such as Elliott Wave labels, Fibonacci levels, and the summary table as needed.
• Observe the summary table that shows the status, values, strength progress bars, and probability percentages for each indicator category.
• Use the overall "Technical Probability Metrix" score and color-coded signals to determine trade bias and strength.
• Alerts are set up for strong buy/sell signals, trend changes, and EMA crossovers for real-time notification.
How It Is Helpful
• Unified Analysis: Combines momentum, trend, volume, and Fibonacci analysis in a single view, saving time and reducing indicator clutter.
• Probability Scores: Converts complex indicator data into probability percentages, allowing easier interpretation of market direction strength.
• Adaptive Targeting: Provides configurable probability levels indicating multiple targets based on the current trend strength.
• Trend Detection: Uses a trend scoring method combining linear regression, moving averages, and pivot highs/lows for a robust trend bias.
• Alert Conditions: Notifies users of key market signal changes to support timely decision-making.
• Volume and Order Blocks: Includes volume moving average and order block strength which are critical for validating price moves.
• Multi-Timeframe EMA Cross: Incorporates 15-minute EMA crossover analysis adding another confirmation layer.
Indicators Included and Their Role
• RSI (Relative Strength Index): Measures overbought/oversold conditions. Values >70 suggest overbought; <30 suggest oversold.
• MACD (Moving Average Convergence Divergence): Momentum and trend confirmation; bullish when MACD line crosses above signal line.
• Stochastic Oscillator: Identifies momentum and potential trend reversals; bullish when %K crosses above %D under 80.
• Volume Moving Average and Ratio: Detects unusual volume spikes which often precede price moves.
• VWAP (Volume Weighted Average Price): Determines if price is trading above or below average price weighted by volume, indicating institutional interest.
• Order Block Strength: Highlights key supply/demand zones from recent high/low ranges.
• EMA 9/20 Crossover (on 15-min): Short and medium-term trend signals for finer timing.
• Elliott Wave Pivots: Detects significant wave highs and lows to assess price position within swing structures.
• Trend Metrics: Combines moving averages, linear regression slope, higher highs/lows, and bar comparisons to score market trend strength.
How to Analyze Using This Study
• Look for alignment among the indicators: bullish RSI, MACD, stochastic, and volume with positive trend scores and price above VWAP suggest a strong buy.
• Use the probability percentages and progress bars to gauge the power behind signals.
• Observe the overall signal (Strong Buy, Buy, Neutral, Sell, Strong Sell) and corresponding color for quick visual cues.
• Fibonacci levels and wave counts provide context about price targets and retracement zones.
• Alerts notify when conditions for strong entry or exit signals occur, complementing manual analysis.
Benefits for New Traders
• Simplifies Complex Data: Merges multiple technical tools into one dashboard, reducing confusion from using many separate indicators.
• Visual Progress Bars and Status: Easy-to-understand visualization of each indicator’s strength and market probability.
• Educative Value: Shows how classic indicators combine into an overall market assessment, useful for learning indicator interactions.
• Alerts: Helps beginners by signaling trading opportunities without needing constant manual chart monitoring.
• Adjustable Settings: Allows users to experiment with input values and observe how indicators respond.
Disclaimer from aiTrendview
This script and its trading signals are provided for training and educational purposes only. They do not constitute financial advice or a guaranteed trading system. Trading involves substantial risk, and there is the potential to lose all invested capital. Users should perform their own analysis and consult with qualified financial professionals before making any trading decisions. aiTrendview disclaims any liability for losses incurred from using this code or trading based on its signals. Use this tool responsibly, and trade only with risk capital.
Ultimate Pattern ScannerSmart Pattern Scanner Pro - Complete Study Guide
The Smart Pattern Scanner Pro is an advanced candlestick pattern recognition indicator that automatically detects over 30 traditional Japanese candlestick patterns across multiple timeframes simultaneously. It combines pattern recognition with volume analysis and trend confirmation to provide traders with comprehensive reversal and continuation signals.
Core Features:
• 30+ Candlestick Patterns: Complete library of traditional patterns
• Multi-Timeframe Scanning: Simultaneous analysis across up to 7 timeframes
• Volume Integration: Buy/sell volume analysis with pattern confirmation
• Trend Filtering: SMA-based trend confirmation for pattern validity
• Real-Time Dashboard: Professional interface with customizable display
• Alert System: Automated notifications when patterns are detected
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Candlestick Pattern Categories
Reversal Patterns (Bullish)
Single Candle Patterns
1. Hammer
o Formation: Small body at top, long lower shadow (2x body size)
o Signal: Bullish reversal after downtrend
o Reliability: High when confirmed with volume
o Entry: Above hammer high with stop below low
2. Inverted Hammer
o Formation: Small body at bottom, long upper shadow
o Signal: Potential bullish reversal (needs confirmation)
o Reliability: Medium (requires next candle confirmation)
o Entry: Confirmed breakout above pattern
3. Dragonfly Doji
o Formation: Open = Close, long lower shadow, no upper shadow
o Signal: Strong bullish reversal signal
o Reliability: High in downtrends
o Entry: Above doji high with tight stop
4. Long Lower Shadow
o Formation: Lower shadow 2x body length
o Signal: Rejection of lower prices, bullish sentiment
o Reliability: Medium to high with volume
o Entry: Above candle high
Multi-Candle Patterns
1. Bullish Engulfing
o Formation: Large white candle completely engulfs previous black candle
o Signal: Strong bullish reversal
o Reliability: Very high with volume confirmation
o Entry: Above engulfing candle high
2. Morning Star
o Formation: 3-candle pattern (down, small, up)
o Signal: Major bullish reversal
o Reliability: Excellent (one of most reliable patterns)
o Entry: Above third candle high
3. Morning Doji Star
o Formation: Like Morning Star but middle candle is doji
o Signal: Strong bullish reversal
o Reliability: Very high
o Entry: Above third candle close
4. Piercing Pattern
o Formation: White candle opens below previous low, closes above midpoint
o Signal: Bullish reversal
o Reliability: High when closing >50% into previous candle
o Entry: Above piercing candle high
5. Bullish Harami
o Formation: Small white candle within previous large black candle
o Signal: Potential bullish reversal
o Reliability: Medium (needs confirmation)
o Entry: Above mother candle high
Reversal Patterns (Bearish)
Single Candle Patterns
1. Shooting Star
o Formation: Small body at bottom, long upper shadow
o Signal: Bearish reversal after uptrend
o Reliability: High with volume confirmation
o Entry: Below shooting star low
2. Hanging Man
o Formation: Like hammer but appears in uptrend
o Signal: Potential bearish reversal
o Reliability: Medium (needs confirmation)
o Entry: Below hanging man low
3. Gravestone Doji
o Formation: Open = Close, long upper shadow, no lower shadow
o Signal: Strong bearish reversal
o Reliability: High in uptrends
o Entry: Below doji low
4. Long Upper Shadow
o Formation: Upper shadow 2x body length
o Signal: Rejection of higher prices
o Reliability: Medium to high
o Entry: Below candle low
Multi-Candle Patterns
1. Bearish Engulfing
o Formation: Large black candle engulfs previous white candle
o Signal: Strong bearish reversal
o Reliability: Very high
o Entry: Below engulfing candle low
2. Evening Star
o Formation: 3-candle pattern (up, small, down)
o Signal: Major bearish reversal
o Reliability: Excellent
o Entry: Below third candle low
3. Dark Cloud Cover
o Formation: Black candle opens above previous high, closes below midpoint
o Signal: Bearish reversal
o Reliability: High when closing <50% into previous candle
o Entry: Below dark cloud low
Continuation Patterns
1. Rising Three Methods
o Formation: White candle, 3 small declining candles, white candle
o Signal: Bullish continuation
o Reliability: High in strong uptrends
2. Falling Three Methods
o Formation: Black candle, 3 small rising candles, black candle
o Signal: Bearish continuation
o Reliability: High in strong downtrends
Indecision Patterns
1. Doji
o Formation: Open = Close (or very close)
o Signal: Market indecision, potential reversal
o Reliability: Context-dependent
2. Spinning Tops
o Formation: Small body with upper and lower shadows
o Signal: Market indecision
o Reliability: Low without confirmation
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Multi-Timeframe Analysis
Timeframe Hierarchy Strategy
Primary Analysis Flow:
1. Higher Timeframe (Daily/Weekly): Establish overall trend direction
2. Intermediate Timeframe (4H/1H): Identify key support/resistance levels
3. Lower Timeframe (15M/5M): Precise entry and exit timing
Configuration Guidelines:
• Scalping: 1M, 3M, 5M, 15M, 30M
• Day Trading: 5M, 15M, 30M, 1H, 4H
• Swing Trading: 1H, 4H, 1D, 1W
• Position Trading: 4H, 1D, 1W, 1M
Pattern Confluence Rules:
1. High Probability Setup: Same pattern type appears on 3+ timeframes
2. Trend Alignment: Reversal patterns should align with higher timeframe structure
3. Volume Confirmation: Strong volume on pattern timeframe and higher timeframes
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Volume Analysis Integration
Volume Components:
1. Buy Volume: Volume when close > open (green candles)
2. Sell Volume: Volume when close ≤ open (red candles)
3. Volume Ratio: Current volume / 20-period moving average
4. Progress Indicator: Visual representation of volume strength
Volume Signal Interpretation:
• Ratio >1.5: Strong volume confirmation
• Ratio 1.0-1.5: Moderate volume support
• Ratio <1.0: Weak volume (pattern less reliable)
Volume Analysis Rules:
1. Bullish Patterns: Require strong buy volume for confirmation
2. Bearish Patterns: Require strong sell volume for confirmation
3. Volume Divergence: When pattern and volume disagree, favor volume
4. Volume Spikes: Ratios >2.0 indicate institutional interest
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Live Market Application
Step 1: Dashboard Setup
1. Position Selection: Choose optimal table position for your layout
2. Timeframe Configuration: Set relevant timeframes for your strategy
3. Volume Analysis: Enable for confirmation signals
4. Progress Indicators: Enable for visual signal strength
Step 2: Pattern Identification Process
Real-Time Scanning:
1. Monitor Multiple Timeframes: Check all configured timeframes simultaneously
2. Pattern Priority: Focus on patterns appearing on higher timeframes first
3. Signal Confluence: Look for patterns appearing across multiple timeframes
4. Volume Confirmation: Verify adequate volume support
Pattern Validation:
1. Trend Context: Ensure pattern aligns with overall market structure
2. Support/Resistance: Check if pattern forms at key levels
3. Market Conditions: Consider overall market volatility and sentiment
4. Time of Day: Be aware of session characteristics (open, close, lunch)
Step 3: Entry Decision Matrix
High Probability Entries:
• Pattern on 3+ timeframes
• Strong volume confirmation (ratio >1.5)
• Trend alignment with higher timeframes
• Formation at key support/resistance
Medium Probability Entries:
• Pattern on 2 timeframes
• Moderate volume (ratio 1.0-1.5)
• Partial trend alignment
• Formation in trending market
Low Probability Entries:
• Single timeframe pattern
• Weak volume (ratio <1.0)
• Counter-trend formation
• Choppy/sideways market
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Pattern Reliability Assessment
Tier 1 Patterns (Highest Reliability - 70-80% success rate):
• Morning Star / Evening Star
• Bullish/Bearish Engulfing
• Three White Soldiers / Three Black Crows
• Hammer (in strong downtrend)
• Shooting Star (in strong uptrend)
Tier 2 Patterns (High Reliability - 60-70% success rate):
• Piercing Pattern / Dark Cloud Cover
• Morning/Evening Doji Star
• Harami patterns
• Abandoned Baby
• Kicking patterns
Tier 3 Patterns (Moderate Reliability - 50-60% success rate):
• Doji patterns
• Tweezer Tops/Bottoms
• Window patterns
• Tasuki Gap patterns
• Marubozu patterns
Tier 4 Patterns (Lower Reliability - 40-50% success rate):
• Spinning Tops
• Long shadow patterns (single)
• Neutral doji formations
• Single candle continuation patterns
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Trading Strategies
Strategy 1: Multi-Timeframe Reversal
Objective: Catch major trend reversals using high-reliability patterns
Rules:
1. Wait for Tier 1 patterns on Daily + 4H timeframes
2. Require volume ratio >1.5 on both timeframes
3. Enter on 1H confirmation candle
4. Stop loss below/above pattern extreme
5. Target 2:1 or 3:1 risk-reward ratio
Strategy 2: Intraday Scalping
Objective: Quick profits from short-term pattern formations
Rules:
1. Focus on 5M and 15M timeframes
2. Trade only Tier 1 and Tier 2 patterns
3. Require volume confirmation
4. Quick exits (10-30 pip targets)
5. Tight stops (5-15 pips)
Strategy 3: Swing Trading
Objective: Multi-day position holding based on pattern signals
Rules:
1. Use Daily and Weekly timeframes
2. Focus on major reversal patterns
3. Combine with fundamental analysis
4. Wider stops (2-5% of entry price)
5. Hold for 5-20 trading days
Strategy 4: Trend Continuation
Objective: Enter trending markets using continuation patterns
Rules:
1. Identify strong trends on higher timeframes
2. Wait for continuation patterns on lower timeframes
3. Enter in direction of main trend
4. Trail stops using pattern lows/highs
5. Pyramid positions on additional patterns
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Risk Management
Position Sizing Rules:
1. Tier 1 Patterns: Risk up to 2% of account
2. Tier 2 Patterns: Risk up to 1.5% of account
3. Tier 3 Patterns: Risk up to 1% of account
4. Tier 4 Patterns: Risk up to 0.5% of account
Stop Loss Guidelines:
1. Reversal Patterns: Stop beyond pattern extreme + 1 ATR
2. Continuation Patterns: Stop at pattern invalidation level
3. Doji Patterns: Tight stops due to indecision nature
4. Multi-Candle Patterns: Use pattern range for stop placement
Take Profit Strategies:
1. Conservative: 1:1 risk-reward ratio
2. Moderate: 2:1 risk-reward ratio
3. Aggressive: 3:1 risk-reward ratio
4. Trailing: Move stops to breakeven after 1:1 achieved
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Limitations and Considerations
Technical Limitations:
1. Pattern Subjectivity: Slight variations in pattern interpretation
2. Market Context Dependency: Patterns perform differently in various market conditions
3. False Signals: Not all patterns lead to expected price moves
4. Lagging Nature: Patterns are confirmed after formation is complete
Market Condition Considerations:
1. Trending Markets: Continuation patterns more reliable than reversals
2. Range-Bound Markets: Reversal patterns at extremes more effective
3. High Volatility: Patterns may not develop properly
4. News Events: Fundamental factors can override technical patterns
Optimal Usage Conditions:
1. Liquid Markets: Adequate volume and participation
2. Normal Volatility: Not during extreme market stress
3. Clear Market Structure: Defined support and resistance levels
4. Multiple Timeframe Alignment: Confluence across timeframes
When NOT to Trade Patterns:
1. Major News Releases: Economic announcements can invalidate patterns
2. Market Holidays: Reduced participation affects reliability
3. Extreme Volatility: VIX >30 or similar stress indicators
4. Gap Openings: Large gaps can negate pattern significance
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Risk Disclaimer
CRITICAL WARNING FROM aiTrendview
TRADING FINANCIAL INSTRUMENTS INVOLVES SUBSTANTIAL RISK OF LOSS
This Smart Pattern Scanner Pro indicator ("the Indicator") is provided for educational and analytical purposes only. By using this indicator, you acknowledge and accept the following terms and conditions:
No Financial Advice
• NOT INVESTMENT ADVICE: This indicator does not constitute financial, investment, or trading advice
• NO RECOMMENDATIONS: Pattern signals are not recommendations to buy or sell any financial instrument
• EDUCATIONAL TOOL: Designed for learning technical analysis concepts and pattern recognition
• INDEPENDENT RESEARCH REQUIRED: Always conduct your own thorough analysis before making trading decisions
Substantial Trading Risks
• CAPITAL LOSS RISK: You may lose some or all of your trading capital
• LEVERAGE DANGERS: Margin trading can amplify losses beyond your initial investment
• MARKET VOLATILITY: Financial markets are inherently unpredictable and can move against any analysis
• PATTERN FAILURE: Candlestick patterns fail frequently and do not guarantee profitable outcomes
• FALSE SIGNALS: The indicator may generate incorrect or misleading signals
Technical Analysis Limitations
• NOT PREDICTIVE: Candlestick patterns analyze past price action, not future movements
• SUBJECTIVE INTERPRETATION: Pattern recognition can vary between traders and market conditions
• CONTEXT DEPENDENT: Patterns must be analyzed within broader market context
• NO GUARANTEE: No technical analysis method guarantees trading success
• STATISTICAL PROBABILITY: Even high-reliability patterns fail 20-30% of the time
User Responsibilities
• SOLE RESPONSIBILITY: You are entirely responsible for all trading decisions and outcomes
• RISK MANAGEMENT: Implement appropriate position sizing and stop-loss strategies
• PROFESSIONAL CONSULTATION: Seek advice from qualified financial professionals
• REGULATORY COMPLIANCE: Ensure compliance with local financial regulations
• CONTINUOUS EDUCATION: Maintain ongoing education in market analysis and risk management
Indicator Limitations
• SOFTWARE BUGS: Technical glitches or calculation errors may occur
• DATA DEPENDENCY: Relies on accurate price and volume data feeds
• PLATFORM LIMITATIONS: Subject to TradingView platform capabilities and restrictions
• VERSION UPDATES: Functionality may change with future updates
• COMPATIBILITY: May not work optimally with all chart configurations
Volume Analysis Limitations
• DATA ACCURACY: Volume data may be incomplete or delayed
• MARKET VARIATIONS: Volume patterns differ across markets and instruments
• INSTITUTIONAL ACTIVITY: Cannot guarantee detection of all institutional trading
• LIQUIDITY FACTORS: Low liquidity markets may produce unreliable volume signals
Multi-Timeframe Considerations
• CONFLICTING SIGNALS: Different timeframes may show contradictory patterns
• TIME SYNCHRONIZATION: Pattern timing may vary across timeframes
• COMPUTATIONAL LOAD: Multiple timeframe analysis may affect performance
• COMPLEXITY RISK: More data does not necessarily mean better decisions
Specific Trading Warnings
Pattern-Specific Risks:
1. Doji Patterns: Indicate indecision, not directional conviction
2. Single Candle Patterns: Generally less reliable than multi-candle formations
3. Continuation Patterns: May signal trend exhaustion rather than continuation
4. Gap Patterns: Subject to overnight and weekend gap risks
Market Condition Risks:
1. News Events: Fundamental factors can invalidate any technical pattern
2. Market Manipulation: Large players can create false pattern signals
3. Algorithmic Trading: High-frequency trading can distort traditional patterns
4. Market Crashes: Extreme events render technical analysis ineffective
Psychological Trading Risks:
1. Overconfidence: Successful patterns may lead to excessive risk-taking
2. Pattern Addiction: Over-reliance on patterns without broader analysis
3. Confirmation Bias: Seeing patterns that don't actually exist
4. Emotional Trading: Fear and greed can override pattern discipline
Legal and Regulatory Disclaimers
Intellectual Property:
• COPYRIGHT PROTECTION: This indicator is protected by copyright law
• AUTHORIZED USE ONLY: Use only as permitted by TradingView terms of service
• NO REDISTRIBUTION: Unauthorized copying or redistribution is prohibited
• MODIFICATION RESTRICTIONS: Code modifications may void any support or warranties
Regulatory Compliance:
• LOCAL LAWS: Ensure compliance with your jurisdiction's financial regulations
• LICENSING REQUIREMENTS: Some jurisdictions require licenses for trading or advisory activities
• TAX OBLIGATIONS: Trading profits/losses may have tax implications
• REPORTING REQUIREMENTS: Some jurisdictions require reporting of trading activities
Limitation of Liability:
• NO LIABILITY: aiTrendview accepts no liability for any losses, damages, or adverse outcomes
• INDIRECT DAMAGES: Not liable for consequential, incidental, or punitive damages
• MAXIMUM LIABILITY: Limited to amount paid for indicator access (if any)
• FORCE MAJEURE: Not responsible for events beyond reasonable control
Final Warnings and Recommendations
Before Using This Indicator:
1. DEMO TRADING: Practice extensively with paper trading before risking real money
2. EDUCATION: Thoroughly understand candlestick pattern theory and market dynamics
3. RISK ASSESSMENT: Honestly assess your risk tolerance and financial situation
4. PROFESSIONAL ADVICE: Consult with qualified financial advisors
5. START SMALL: Begin with minimal position sizes to test strategies
Red Flags - Do NOT Trade If:
• You cannot afford to lose the money you're risking
• You're experiencing financial stress or pressure
• You're trading emotionally or impulsively
• You don't understand the patterns or market mechanics
• You're using borrowed money or credit to trade
• You're treating trading as gambling rather than calculated risk-taking
Emergency Procedures:
• STOP TRADING immediately if experiencing significant losses
• SEEK HELP if trading is affecting your mental health or relationships
• REVIEW STRATEGY after any series of losses
• TAKE BREAKS from trading to maintain perspective
• PROFESSIONAL HELP: Contact financial counselors if needed
Acknowledgment Required
By using the Smart Pattern Scanner Pro indicator, you explicitly acknowledge that:
1. You have read and understood this entire disclaimer
2. You accept full responsibility for all trading decisions and outcomes
3. You understand the substantial risks involved in financial trading
4. You will not hold aiTrendview liable for any losses or damages
5. You will use this tool only for educational and personal analysis purposes
6. You will comply with all applicable laws and regulations
7. You will implement appropriate risk management practices
8. You understand that past performance does not predict future results
REMEMBER: The most important rule in trading is capital preservation. No pattern, indicator, or strategy is worth risking your financial well-being.
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Disclaimer from aiTrendview.com
The content provided in this blog post is for educational and training purposes only. It is not intended to be, and should not be construed as, financial, investment, or trading advice. All charting and technical analysis examples are for illustrative purposes. Trading and investing in financial markets involve substantial risk of loss and are not suitable for every individual. Before making any financial decisions, you should consult with a qualified financial professional to assess your personal financial situation.
PulseMA Oscillator Normalized v2█ OVERVIEW
PulseMA Oscillator Normalized v2 is a technical indicator designed for the TradingView platform, assisting traders in identifying potential trend reversal points based on price dynamics derived from moving averages. The indicator is normalized for easier interpretation across various market conditions, and its visual presentation with gradients and signals facilitates quick decision-making.
█ CONCEPTS
The core idea of the indicator is to analyze trend dynamics by calculating an oscillator based on a moving average (EMA), which is then normalized and smoothed. It provides insights into trend strength, overbought/oversold levels, and reversal signals, enhanced by gradient visualizations.
Why use it?
Identifying reversal points: The indicator detects overbought and oversold levels, generating buy/sell signals at their crossovers.
Price dynamics analysis: Based on moving averages, it measures how long the price stays above or below the EMA, incorporating trend slope.
Visual clarity: Gradients, fills, and colored lines enable quick chart analysis.
Flexibility: Configurable parameters, such as moving average lengths or normalization period, allow adaptation to various strategies and markets.
How it works?
Trend detection: Calculates a base exponential moving average (EMA with PulseMA Length) and measures how long the price stays above or below it, multiplied by the slope for the oscillator.
Normalization: The oscillator is normalized based on the minimum and maximum values over a lookback period (default 150 bars), scaling it to a range from -100 to 100: (oscillator - min) / (max - min) * 200 - 100. This ensures values are comparable across different instruments and timeframes.
Smoothing: The main line (PulseMA) is the normalized oscillator (oscillatorNorm). The PulseMA MA line is a smoothed version of PulseMA, calculated using an SMA with the PulseMA MA length. As PulseMA MA is smoothed, it reacts more slowly and can be used as a noise filter.
Signals: Generates buy signals when crossing the oversold level upward and sell signals when crossing the overbought level downward. Signals are stronger when PulseMA MA is in the overbought or oversold zone (exceeding the respective thresholds for PulseMA MA).
Visualization: Draws lines with gradients for PulseMA and PulseMA MA, levels with gradients, gradient fill to the zero line, and signals as triangles.
Alerts: Built-in alerts for buy and sell signals.
Settings and customization
PulseMA Length: Length of the base EMA (default 20).
PulseMA MA: Length of the SMA for smoothing PulseMA MA (default 20).
Normalization Lookback Period: Normalization period (default 150, minimum 10).
Overbought/Oversold Levels: Levels for the main line (default 100/-100) and thresholds for PulseMA MA, indicating zones where PulseMA MA exceeds set values (default 50/-50).
Colors and gradients: Customize colors for lines, gradients, and levels; options to enable/disable gradients and fills.
Visualizations: Show PulseMA MA, gradients for overbought/oversold/zero levels, and fills.
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Usage examples
Trend analysis: Observe PulseMA above 0 for an uptrend or below 0 for a downtrend. Use different values for PulseMA Length and PulseMA MA to gain a clearer trend picture. PulseMA MA, being smoothed, reacts more slowly and can serve as a noise filter to confirm trend direction.
Reversal signals: Look for buy triangles when PulseMA crosses the oversold level, especially when PulseMA MA is in the oversold zone. Similarly, look for sell triangles when crossing the overbought level with PulseMA MA in the overbought zone. Such confirmation increases signal reliability.
Customization: Test different values for PulseMA Length and PulseMA MA on a given instrument and timeframe to minimize false signals and tailor the indicator to market specifics.
Notes for users
Combine with other tools, such as support/resistance levels or other oscillators, for greater accuracy.
Test different settings for PulseMA Length and PulseMA MA on the chosen instrument and timeframe to find optimal values.
