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Supply And DemandThis supply and demand indicator uses sessions, volume spikes, higher timeframe price action and other volume calculations to spot areas on the chart where price will likely react. From the 1 minute and below charts to the daily and up charts, you can get excellent levels for any timeframe. Why Use Supply And Demand? One of the safest ways to trade is to wait for price to enter an area of interest where price should react. When we play reversals off of these areas, you increase the likelihood that your trade will be profitable because there was previous price action that told you that the current level is one where price will react. So we look for reversals at or very near these levels to enter into scalp or swing trade positions and look to exit that position when price is at or near the next major supply and demand level. How To Use The strategy with this indicator is to wait for price action to reach the levels shown by this supply and demand indicator and then enter trades at these levels, looking for a reversal. The thicker lines and the lines that are from the highest timeframes will be the most important levels on the chart. There is a table on the chart that will help you identify what timeframe the levels are using, with the color of that line next to it for easy identification. The default settings are designed for scalping the 1-5 minute charts, so there are more levels turned on than necessary if you are using higher timeframes than 5 minutes. If you are using higher timeframes, make sure to turn off some of the lower timeframe levels so that it doesn’t clog up your charts. On the daily timeframe and above, many of the levels are coded to not turn on so that you don’t have to turn them off manually, but be aware that you will need to adjust your charts to suit your preferences, especially if you are on anything above the 5 minute chart. For scalping, wait for price to react from the supply and demand levels by showing wicks, struggling to break through or getting reversal candles at those levels. Ride those moves to the next major supply and demand area before taking profit. You may want to turn on sessions and some of the lower timeframe levels as well if there are big gaps on the chart that are not suitable for scalping. For swing trading, you will want to turn some of the lower timeframe and session levels off. Leave it to only higher timeframe OHLC lines and volume spike levels. Then you can swing moves that reverse off of the supply and demand lines. Customization This indicator is fully customizable. You can turn on or off any of the levels as well as increase the number specific levels so your charts suit your preferences. All of the levels used are color coded individually so you can easily tell which type of level it is and these colors can be changed within the settings to suit your preferences. These colors are also reflected in the line identification table that show you exactly which color each type of level is. There are toggles for the line identification table and session identification table as well if you don’t want them on your chart. Types Of Levels Used This indicator uses 4 different types of levels that I have found to be extremely influential on the price action. They are: volume spikes, higher timeframe price action, country based trading sessions and the VWAP. All of these levels have proven to be very important levels in my testing and are very helpful in spotting reversal areas. Volume Spikes This indicator is looking for the largest volume spikes and plotting the levels where that volume came in. It checks for the highest volume spikes across multiple different lengths of candles so that you get recent levels as well as the most important levels in the past. There are volume spike calculations for your current chart timeframe, 1 hour charts, 4 hour charts, daily charts, weekly charts, and monthly charts. Each of these looks for volume spikes across various lengths of candles for each timeframe and is color coded so you can identify which levels are which easily. The weekly and monthly volume spike levels are fatter than the normal volume spike levels with a line width of 2 to signify their importance. OHLC Higher Timeframe Candles This script plots levels of higher timeframe candles since price usually reacts very strongly to these levels. The levels it will produce are the high, low, open and close of the most recent closed candle of each higher timeframe. You can adjust these to show as many or as few previous HTF candles as you would like. The higher timeframe candles available to use are as follows: 1 hour, 4 hour, daily, 3 day, weekly, monthly, quarterly and yearly. The monthly, quarterly and yearly levels are fatter than the normal levels with a line width of 2 to signify their importance. Trading Sessions Trading sessions are very important levels because the market makers of different parts of the world are typically positioning themselves at these specific times. The number of each trading session line can be adjusted to show more or less levels depending on your preference. When you adjust the number, it will affect all lines that are enabled for that specific session. The levels available for each Tokyo, London & New York session are as follows: session premarket open, regular session open, session close, and session high & low. The session close boxes are fatter than the others with a line width of 2 to signify its importance. VWAP & Previous Close We all know that the VWAP aka Volume Weighted Average Price is a very important level on any chart, so we included this level as a default. However, we decided to take this a step further and include the previous daily session’s VWAP closing price and plot those levels. These are extremely important levels that you should pay very close attention to, along with the other levels mentioned above. The market makers are hedging their positions based on these levels and you will typically see very strong reactions to these levels, especially in the first hour when the markets open up. The VWAP and previous session VWAP close levels can be turned on or off and the default for the number of previous VWAP session close prices is set to 5. These levels are fatter lines because they are extremely important, so make sure to pay attention to them! Line & Session Identification Tables There are two tables to help you identify what is on the chart. The first is a large table in the top right that shows you the color and type of each line that is turned on so you can easily identify which lines are which. The second table is a small one at the bottom center of the chart that tells you which trading session we are currently in and what color that session is on the chart. These tables can be turned on or off and you can also change where they are on the chart by adjusting them at the bottom of the settings page. Markets This Supply And Demand indicator can be used on any market with price data such as stocks, crypto, forex and futures. Timeframes This Supply And Demand indicator can be used on any timeframe, from the second charts all the way up to the yearly charts.
Pine Script® indicator
by FriendOfTheTrend
8
Futures SignalThis is a Futures Signal Indictor works using support & resistance and market trend, it is designed for all type of markets (crypto, forex, stock etc.) and works on all commonly used timeframes (preferably on 5 Min, 15 Min Candles). How it works Futures Signal Indictor : Core logic behind this indicator is to finding the Support and Resistance , we find the Lower High (LH) and Higher Low (HL) to find the from where the price reversed (bounced back) and also we use a custom logic for figuring out the peak price in the last few candles. Based on the multiple previous Support and Resistance (HH, HL, LL LH) we calculate a price level, this price level is used a major a factor for entering the trade. Once we have the price level we check if the current price crosses that price level, if it crossed then we consider that as a long/short entry (based on whether it crosses resistance or support line that we calculated). Once we have pre long/short signals we further filter it based on the market trend to prevent too early/late signals. Along with this if we don't see a clear trend we do the filtering by checking how many support or resistance level the price has bounced off. Stop Loss and Take Profit: We have also added printing SL and TP levels on the chart to make the it easier for everyone to find the SL/TP values. Script calculates the SL value by checking the previous support level for LONG trade and previous resistance level for SHORT trades. Take profit are calculated in 0.5 ratio as of now.
Pine Script® indicator
by mrbtc-trade
59
[Sniper] SSL Hybrid + QQE MOD + Waddah Attar StrategyHi. I’m DuDu95. ********************************************************************************** This is the script for the series called "Sniper". *** What is "Sniper" Series? *** "Sniper" series is the project that I’m going to start. In "Sniper" Series, I’m going to "snipe and shoot" the youtuber’s strategy: to find out whether the youtuber’s video about strategy is "true or false". Specifically, I’m going to do the things below. 1. Implement "Youtuber’s strategy" into pinescript code. 2. Then I will "backtest" and prove whether "the strategy really works" in the specific ticker (e.g. BTCUSDT) for the specific timeframe (e.g. 5m). 3. Based on the backtest result, I will rate and judge whether the youtube video is "true" or "false", and then rate the validity, reliability, robustness, of the strategy. (like a lie detector) *** What is the purpose of this series? *** 1. To notify whether the strategy really works for the people who watched the youtube video. 2. To find and build my own scalping / day trading strategy that really works. ********************************************************************************** *** Strategy Description *** This strategy is from "SSL QQE MOD 5MIN SCALPING STRATEGY" by youtuber "Daily Investments". "Daily Investments" claimed that this strategy will make you some money from 100 trades in any ticker in 5 minute timeframe. ### Entry Logic 1. Long Entry Logic - close > SSL Hybrid Baseline. - QQE MOD should turn into blue color. - Waddah Attar Explosion indicator must be green. 2. Short Entry Logic - close < SSL Hybrid Baseline - QQE MOD should turn into red color. - Waddah Attar Explosion indicator must be red. ### Exit Logic 1. Long Exit Logic - When QQE MOD turn into red color. 2. Short Entry Logic - When QQE MOD turn into blue color. ### StopLoss 1. Can Choose Stop Loss Type: Percent, ATR, Previous Low / High. 2. Can Chosse inputs of each Stop Loss Type. ### Take Profit 1. Can set Risk Reward Ratio for Take Profit. - To simplify backtest, I erased all other options except RR Ratio. - You can add Take Profit Logic by adding options in the code. 2. Can set Take Profit Quantity. ### Risk Manangement 1. Can choose whether to use Risk Manangement Logic. - This controls the Quantity of the Entry. - e.g. If you want to take 3% risk per trade and stop loss price is 6% below the long entry price, then 50% of your equity will be used for trade. 2. Can choose How much risk you would take per trade. ### Plot 1. Added Labels to check the data of entry / exit positions. 2. Changed and Added color different from the original one. (green: #02732A, red: #D92332, yellow: #F2E313) 3. SSL Hybrid Baseline is by default drawn on the chart. 4. If you check EMA filter, EMA would be drawn on the chart. 5. Should add QQE MOD and Waddah Attar Explosion indicator manually if you want to see QQE MOD. ********************************************************************************** *** Rating: True or False? ### Rating: → 1.5 / 5 (0 = Trash, 1 = Bad, 2 = Not Good, 3 = Good, 4 = Great, 5 = Excellent) ### True or False? → False → Doesn't Work on 5 minute timeframe. Also, it doesn't work on crypto. ### Better Option? → Use this for Day trading or Swing Trading, not for Scalping. (Bigger Timeframe) → Although the result was bad at 5 minute timeframe, it was profitable in 1h, 2h, 4h, 8h, 1d timeframe. → BTC, ETH was ok. → The result was better when I use EMA filter (only on longer timeframe). ### Robust? → So So. Although result was bad in short timeframe (e.g. 30m 15m 5m), backtest result was "consistently" profitable on longer timeframe. → Also, MDD was not that bad under risk management option on. ********************************************************************************** *** Conclusion? → Don't use this on short timeframe. → Better use on longer timeframe with filter, stoploss and risk management.
Pine Script® strategy
by DuDu95
5
Bollinger Bands Scalper + VWAPGet more consistent scalps by trading in-between Bollinger Band Deviations. FEATURES: 1) 3 Bollinger Bands with default settings to 1, 2, and 3 deviations for more consistent scalps 2) Trendicator: a dynamic color changing moving average that helps you see trend quickly 3) Robust VWAP tool with up to 3 different deviations as well as different anchor points to help you see strong support and resistances 4) Calming "purple cloud" color palette helps you focus on price action 5) Discover new trading strategies with a wide range of customizability
Pine Script® indicator
by primalstef
13
Market Maker Indicator V2 [tecnocrypto]This indicator is based on the idea that prices are generated by the interaction between a Market Maker on one side (sometimes also called the "Composite Man") and Retail Traders on the other side (Retail Traders include simple retail, professional traders, whales, institutions...as a single entity). These two opposite entities "play" the trading game on trading platforms/exchanges (crypto), which are neutral to the game. Market makers are liquidity providers, and make profits either by charging a spread between buy and sell prices, and (also) by trapping retail traders into specific positions. Trading is a "zero sum" game in the sense that it generates a transfer of resources between these two specific players, which are indeed the Market Maker and Retail Traders. If Retail Traders are in profit, Market Maker is (temporarily) in loss, and viceversa. Market Maker goal is to squeeze profits out of Retail Traders, by inducing them to take wrong positions. The Market Maker Method Indicator executes the following: 1) Identifies and plots candles that are generated by the Market Maker's moves (called "Shift Candles"); shift candles are "artificial" price/volumes moves, generated to induce retail traders into specific zones which are, essentially, traps. They are called Shift Candles as they generate abnormal (and mostly unexpected) price movements in either direction. They move the price from one zone to the next to execute the Market Maker strategy. Observe how often sudden (apparent) prices increases are followed by price crashes (stop hunt rise, drop); and observe how often sudden (apparent) price collapses are followed by price uptrends (stop hunt low, rise); sometimes these movements are made in progressive steps (generally, 3). 2) Plots open long/open short alerts based on the assumption that when Market Maker plots upwards shift candles, vivid green color, they are preparing for an upcoming price reversal (down); same, but opposite sign, for downwards shift candles. This is a counterintuitive logic for Retail Traders, that generally open long when price is rising, and open shorts when price is falling - jumping into Market Makers traps. 3) Plots the areas where price is expected to return (upwards or downwards) based on previous shift candles (called "Recovery Zones") You can use this indicator on any timeframe and for any asset. The Market Maker indicator V2 provides long / short entry signals based upon the market maker manipulative moves described above. Long alerts are triggered by manipulative price push-downs by the marker maker, which will be followed by price increases (while price was decreasing, market maker was purchasing from retail). Additional factors are taken into consideration to plot long entry signals, , mainly volume build up and mean reversion, around this basic concept. Short alerts are triggered by manipulative price push-ups by the marker maker, which will be followed by price drops (while price was increasing, market maker was selling to retail). Additional factors are taken into consideration to plot short entry signals, mainly volume build up and mean reversion, around this basic concept. The indicator is based on the Traders Reality indicator, but improved with alerts, that can be used with trading bots, and additional possibilities to customize the behavior of the indicator. A strategy associated with this indicator is also available. Best results on the 1H timeframe. Contact me for further info.
Pine Script® indicator
by SwissAlgo
13
Agressive Scalper StrategyAfter many different tests and tries we found a strategy which is suited for people that likes to trade in shorter time frames. It uses multiple indications for entries. Entries include indications like Double ATR, Consolidation Detection, Dynamic RSI Calculation with Overbought and Oversold lines and also previous bars highs and lows. Although this strategy has been coded and tested on short time frames, after many additions it turns out it can be very profitable in every time frame if you play with the settings. Also it has some helpers for people that likes to optimize and see how their choices affects the outcome. The strategy calculates the entry with the rules below: LONG ENTRY RULES - Price must be in consolidation zone - Fast ATR Must be higher than Slow ATR - Dynamic RSI must be below the oversold line (Green Line as Default) - The Signal lookback must allow entry. (For example if you set signal lookback to 5, if the LOW of current price is LOWEST point of last 5 bars it is okay to enter LONG) If you check the lookback helper it will show you as green arrow at the bottom. SHORT ENTRY RULES - Price must be in consolidation zone - Fast ATR Must be higher than Slow ATR - Dynamic RSI must be above the overbought line (Red Line as Default) - The Signal lookback must allow entry. (For example if you set signal lookback to 5, if the HIGHEST of current price is HIGHEST point of last 5 bars it is okay to enter SHORT) If you check the lookback helper it will show you as red arrow at the top. This strategy has additional settings that are not available in indicator version that is previously released so i suggest everyone to use this instead. Happy trading everyone!
Pine Script® strategy
by serkany88
325
[BT] - ScalpMaster [ALERTS] v1Go easy on this script as it's my first, hopefully more to come! ScalpMaster - V1 It's main feature is catch a bull run for volatile markets. Two main selling triggers (CCI and TSSL) with an option to only sell after fees are met (for profit). Built in Statistics and Back-testing I've introduced my own version of backtesting built into the main script. You can disable it if it's too much, just makes it easier to dial the settings in and compare with alert triggering. I've included this on all of my scripts. ***You will get a warning that this script repaints, however you can easily compare alerts against the labels. I'm not entirely sure, but I believe the repainting is due to the Global Stats Label at the end gets repainted to keep in the front. *** Directions Buy: When dialing in the script, watch the purple line above the source, when the current price crosses above this purple line then the buying trigger sets. Sell: TSSL - Trailing Stop / Stop Limit, use available settings to manipulate behavior. It's meant to trail the bull run and sell once the price crosses the bottom tssl bar Sell: CCI - Modify the FastMA and SlowMA settings Sell: P+ - Above won't trigger until you are in the positive after the fees x2 are met. Great to keep your losses minimal. Combine this with a high Stop Loss for great results but might be waiting awhile for a profit.
Pine Script® indicator
by bloodtrader
4
Scalp Master V 1.0The Scalp Master is designed for new and experienced trainers to get a better understanding of sudden direction changes in the cryptocurrencies markets, by displaying just 2 basic signals: "Up" or "Down". It combines the T.A of a group of indicators to give you the most sensitive tool to catch a Pump or Dump before it happens. It also includes one of the most basic and powerful tools to understand how the market is going to behave: Bollinger Bands, if we get an "Up" signal near the lower Bollinger band, we might be close to a good pump and if we get a "Down" signal near the top Bollinger band a dump in the price will most likely happen. Enjoy!!!
Pine Script® indicator
by SpideyTrades
3
TraderTroys 5MMSRTraderTroys 5 Minute Major Support / Resistance Indicator This is to only be used on the 5 minute time frame. It's sole purpose is to reveal up coming major support and resistance. Green = Less reliable Yellow = More reliable Red = Very reliable However, I would recommend back testing this *by applying it to your chart and watching how price action plays with the lines.* I would not recommend only trading based off this indicator, but use it as a form of confluence with others. It's built around multiplications of the average price. Here is a great example of it working:
Pine Script® indicator
by The_Paradoxed_Prophet
[Aill3urs V.1.0.P] Strategy GustaveThis INVIT-ONLY strategy is based on Noise / Fixe TP & SL / EMA and you can optimize it with trends and work on low timeframe < 5min Please use comment section for any feedback. I have also a study with alarms Long Entry / Long Exit / Short Entry / Short Exit For any question DM me for any request. ## DISCLAIMER 1. I am not licensed financial advisors or broker dealers. I do not tell you when or what to buy or sell. I developed this software which enables you execute manual or automated trades multiple trades using TradingView. The software allows you to set the criteria you want for entering and exiting trades. 2. Do not trade with money you cannot afford to lose. 3. I do not guarantee consistent profits or that anyone can make money with no effort. And I am not selling the holy grail. 4. Every system can have winning and losing streaks. 5. Money management plays a large role in the results of your trading. For example: lot size, account size, broker leverage, and broker margin call rules all have an effect on results. Also, your Take Profit and Stop Loss settings for individual pair trades and for overall account equity have a major impact on results. If you are new to trading and do not understand these items, then I recommend you seek education materials to further your knowledge. **YOU NEED TO FIND AND USE THE TRADING SYSTEM THAT WORKS BEST FOR YOU AND YOUR TRADING TOLERANCE.** **I HAVE PROVIDED NOTHING MORE THAN A TOOL WITH OPTIONS FOR YOU TO TRADE WITH THIS PROGRAM ON TRADINGVIEW.**
Pine Script® strategy
by Aill3urs
Advanced Grid Trading System - [WOLONG X DBG]Overview This sophisticated grid trading system combines Bollinger Bands breakout analysis with RSI filtering to create a comprehensive automated trading approach. The system implements advanced grid management with dynamic lot sizing, intelligent ATR-based spacing, and comprehensive risk management features including drawdown protection, time-based trading controls, and multi-level position management. Methodology The indicator employs a multi-layered analytical approach based on established technical analysis principles: Core Signal Generation Bollinger Bands Breakout Engine: Utilizes customizable period Bollinger Bands (default 35) with highest/lowest price detection over the calculation period to identify potential reversal points when price breaks below recent lows or above recent highs RSI Confirmation Filter: Implements RSI-based signal filtering with customizable maximum RSI values to avoid entries during overbought/oversold conditions, requiring RSI below (50 - max_rsi_value) for buy signals and above (50 + max_rsi_value) for sell signals Grid Management System: Advanced progressive grid system with configurable pip-based spacing, intelligent ATR-based distance calculation, and cumulative lot sizing with customizable multipliers Advanced Features Dynamic Lot Sizing: Eight calculation methods including Fixed Lot, Dynamic by Balance/Equity, and risk-based percentage approaches (Low Risk 20%, Medium Risk 40%, High Risk 80%, Extreme Risk 120%, Margin Loading) Comprehensive Risk Management: Multi-layered drawdown protection with percentage and absolute value limits, automatic position closure options, and trading suspension features with time-based recovery Time-Based Controls: Configurable GMT-based trading hours with start/stop times for session-specific trading and market condition adaptation Key Components Signal Types Primary Entry Signals: Buy signals when price breaks below recent lowest values within Bollinger period with RSI confirmation; Sell signals when price breaks above recent highest values with RSI confirmation Grid Expansion Logic: Automatic additional entries based on configurable pip distances from base price, triggered when price moves against initial position by specified intervals Take Profit Systems: Dual-mode TP calculation using either weighted average across all positions or individual level TP with customizable pip values Stop Loss Protection: Grid-wide SL with customizable pip distances or default 1000-pip protection Visual Elements Bollinger Bands Display: Three-line Bollinger Bands system with upper, middle (SMA), and lower bands for trend and volatility analysis Grid Base Line: Yellow dashed line showing initial grid entry level with right extension for reference Comprehensive TP/SL Lines: Dual-line system showing both first order reference levels (dotted, light colors) and official Martingale weighted average levels (solid, bold colors) Entry Point Labels: Detailed entry markers showing BUY/SELL direction, grid level, and lot size information Dual Dashboard System: Main control panel (top-right) and dark theme entry log (bottom-right) with real-time status updates Usage Instructions Basic Configuration Capital Management: Select lot calculation method from dropdown (recommended: "Low Risk 20%" for conservative approach) Grid Parameters: Configure trading distance (default 35 pips) and enable smart distance for ATR-based dynamic adjustments Strategy Settings: Set Bollinger period (35), RSI period (20), and maximum RSI value (15) for signal filtering Risk Controls: Configure maximum drawdown percentage and action when limits are exceeded Signal Interpretation Buy Entry Conditions: Generated when current close price breaks below the lowest price in the Bollinger calculation period, with RSI below (50 - max_rsi_value) Sell Entry Conditions: Generated when current close price breaks above the highest price in the Bollinger calculation period, with RSI above (50 + max_rsi_value) Grid Expansion: Automatic additional entries when price moves against position by configured pip distances, with progressive lot sizing using multipliers Exit Conditions: Weighted average TP achievement, breakeven after specified grid levels, or manual cycle completion Dashboard Analysis Main Control Panel: Displays current grid level, trading direction, open orders count, total volume, next lot size, grid P&L, current balance, floating drawdown, RSI status, trading hours, and system locks Dark Theme Entry Log: Shows recent entry history with timestamps, entry types (BUY/SELL), prices, lot sizes, and grid levels for trade tracking Risk Monitoring: Real-time drawdown tracking with color-coded warnings and automatic protection activation Risk Management Features Automatic Protections Drawdown Limits: Configurable percentage (default 100%) and absolute USD drawdown limits with four response options: Close Orders and Stop 24h/Until Restart, or Prevent New Grid/Until Restart Position Sizing: Eight dynamic lot calculation methods based on account equity, balance, or risk tolerance with maximum lot size limits Grid Limitations: Maximum number of grid levels (default 9) to prevent excessive exposure accumulation Time Controls: GMT-based trading hour restrictions to avoid high-volatility periods or specific market sessions Confirmation Requirements Multi-Indicator Alignment: Requires both Bollinger Bands breakout and RSI confirmation before signal generation Intelligent Spacing: ATR-based grid spacing adjustment using short-term (96-period) vs long-term (672-period) ATR ratio for market volatility adaptation Progressive Sizing: Configurable lot multipliers for different grid levels (Order 2: 1.0x, Orders 3-5: 2.0x, Orders 6+: 1.5x default) Optimal Settings Timeframe Recommendations Scalping: 1M-5M charts with reduced grid spacing (20-25 pips) and tighter RSI filters Day Trading: 15M-1H charts with standard settings (35 pips) and default RSI parameters Swing Trading: 4H-Daily charts with increased spacing (50+ pips) and relaxed RSI filters Market Conditions Trending Markets: Reduce RSI maximum value to 10-12, increase grid spacing to 40-50 pips, enable breakeven functionality Ranging Markets: Standard settings with weighted TP enabled and moderate grid spacing High Volatility: Enable smart distance, reduce maximum grid levels to 6-7, increase drawdown limits Advanced Features Customization Options Lot Calculation Methods: Eight different approaches from fixed lot (0.01) to risk-based percentage calculations with margin loading options Grid Multipliers: Separate multiplier settings for different grid levels (2nd order, 3rd-5th orders, 6th+ orders) with decimal precision TP/SL Configuration: Individual or weighted average TP calculation with positive/negative pip values, breakeven after specified levels Visual Controls: Toggle options for dashboard display, entry labels, TP/SL lines, lot information, and dark theme components Technical Specifications Grid Management: Up to 50 configurable grid levels with progressive lot sizing and cumulative position tracking Risk Controls: Dual drawdown limits (percentage and absolute) with four different response actions and time-based recovery Time Management: GMT-based trading hours with flexible start/end times supporting overnight sessions Alert System: Five comprehensive alert conditions for new signals, drawdown warnings, maximum levels, and cycle completion Important Limitations Lagging Nature: Signals may appear after optimal entry points due to confirmation requirements and breakout validation Grid Risk: Progressive lot sizing can lead to significant exposure accumulation during extended adverse price movements Market Dependency: Performance varies significantly between trending and ranging market conditions, requiring parameter adjustments Computational Load: Complex multi-array calculations and real-time dashboard updates may impact performance on slower devices No Guarantee: All signals are suggestions based on technical analysis calculations and may be incorrect Educational Disclaimers This indicator is designed for educational and analytical purposes only. It represents a technical analysis tool based on mathematical calculations of historical price data and should not be considered as financial advice or trading recommendations. Risk Warning: Grid trading involves substantial risk of loss and is not suitable for all investors. The progressive lot sizing methodology can lead to significant exposure accumulation during adverse market movements. Past performance of any trading system or methodology is not necessarily indicative of future results. Important Notes: Always conduct your own analysis before making trading decisions Use appropriate position sizing and risk management strategies Never risk more than you can afford to lose Consider your investment objectives, experience level, and risk tolerance Seek advice from qualified financial professionals when needed Grid trading can result in multiple simultaneous positions with compounding risk exposure Performance Disclaimer: Backtesting results do not guarantee future performance. Market conditions change constantly, and what worked in the past may not work in the future. The indicator's mathematical calculations are based on historical data patterns that may not repeat. Always paper trade new strategies before risking real capital. System Limitations: The indicator relies on technical analysis principles and may produce false signals during unusual market conditions, news events, or periods of extreme volatility. Users should implement additional confirmation methods and maintain strict risk management protocols.
Pine Script® indicator
by ionmarpie
Advanced Trading System - [WOLONG X DBG]Advanced Multi-Timeframe Trading System Overview This technical analysis indicator combines multiple established methodologies to provide traders with market insights across various timeframes. The system integrates SuperTrend analysis, moving average clouds, MACD-based candle coloring, RSI analysis, and multi-timeframe trend detection to suggest potential entry and exit opportunities for both swing and day trading approaches. Methodology The indicator employs a multi-layered analytical approach based on established technical analysis principles: Core Signal Generation SuperTrend Engine: Utilizes adaptive SuperTrend calculations with customizable sensitivity (1-20) combined with SMA confirmation filters to identify potential trend changes and continuations Braid Filter System: Implements moving average filtering using multiple MA types (McGinley Dynamic, EMA, DEMA, TEMA, Hull, Jurik, FRAMA) with percentage-based strength filtering to help reduce false signals Multi-Timeframe Analysis: Analyzes trend conditions across 10 different timeframes (1-minute to Daily) using EMA-based trend detection for broader market context Advanced Features MACD Candle Coloring: Applies dynamic 4-level candle coloring system based on MACD histogram momentum and signal line relationships for visual trend strength assessment RSI Analysis: Identifies potential reversal areas using RSI oversold/overbought conditions with SuperTrend confirmation Take Profit Analysis: Features dual-mode TP detection using statistical slope analysis and Parabolic SAR integration for exit timing analysis Key Components Signal Types Primary Signals: Green ▲ for potential long entries, Red ▼ for potential short entries with trend and SMA alignment Reversal Signals: Small circular indicators for RSI-based counter-trend possibilities Take Profit Markers: X-cross symbols indicating statistical TP analysis zones Pullback Signals: Purple arrows for potential trend continuation entries using Parabolic SAR Visual Elements 8-Layer MA Cloud: Customizable moving average cloud system with 3 color themes for trend visualization Real-Time Dashboard: Multi-timeframe trend analysis table showing bullish/bearish status across all timeframes Dynamic Candle Colors: 4-intensity MACD-based coloring system (ranging from light to strong trend colors) Entry/SL/TP Labels: Automatic calculation and display of suggested entry points, stop losses, and multiple take profit levels Usage Instructions Basic Configuration Sensitivity Setting: Start with default value 6 Increase (7-15) for more frequent signals in volatile markets Decrease (3-5) for higher quality signals in trending markets MA Filter Type: McGinley Dynamic recommended for smoother signals Filter Strength: Set to 80% for balanced filtering, adjust based on market conditions Signal Interpretation Long Entry: Green ▲ suggests when price crosses above SuperTrend with bullish SMA alignment Short Entry: Red ▼ suggests when price crosses below SuperTrend with bearish SMA alignment Reversal Opportunities: Small circles indicate RSI-based counter-trend analysis Take Profit Zones: X-crosses mark statistical TP areas based on slope analysis Dashboard Analysis Green Cells: Bullish trend detected on that timeframe Red Cells: Bearish trend detected on that timeframe Multi-Timeframe Confluence: Look for alignment across multiple timeframes for stronger signal confirmation Risk Management Features Automatic Calculations ATR-Based Stop Loss: Dynamic stop loss calculation using ATR multiplier (default 1.9x) Multiple Take Profit Levels: Three TP targets with 1:1, 1:2, and 1:3 risk-reward ratios Position Sizing Guidance: Entry labels display suggested price levels for order placement Confirmation Requirements Trend Alignment: Requires SuperTrend and SMA confirmation before signal generation Filter Validation: Braid filter must show sufficient strength before signals activate Multi-Timeframe Context: Dashboard provides broader market context for decision making Optimal Settings Timeframe Recommendations Scalping: 1M-5M charts with sensitivity 8-12 Day Trading: 15M-1H charts with sensitivity 6-8 Swing Trading: 4H-Daily charts with sensitivity 4-6 Market Conditions Trending Markets: Reduce sensitivity, increase filter strength Ranging Markets: Increase sensitivity, enable reversal signals High Volatility: Adjust ATR risk factor to 2.0-2.5 Advanced Features Customization Options MA Cloud Periods: 8 customizable periods for cloud layers (default: 2,6,11,18,21,24,28,34) Color Themes: Three professional color schemes plus transparent option Dashboard Position: 9 positioning options with 4 size settings Signal Filtering: Individual toggle controls for each signal type Technical Specifications Moving Average Types: 21 different MA calculations including advanced types (Jurik, FRAMA, VIDA, CMA) Pullback Detection: Parabolic SAR with customizable start, increment, and maximum values Statistical Analysis: Linear regression slope calculation for trend-based TP analysis Important Limitations Lagging Nature: Some signals may appear after potential entry points due to confirmation requirements Ranging Markets: May produce false signals during extended sideways price action High Volatility: Requires parameter adjustment during news events or unusual market conditions Computational Load: Multiple timeframe analysis may impact performance on slower devices No Guarantee: All signals are suggestions based on technical analysis and may be incorrect Educational Disclaimers This indicator is designed for educational and analytical purposes only. It represents a technical analysis tool based on mathematical calculations of historical price data and should not be considered as financial advice or trading recommendations. Risk Warning: Trading involves substantial risk of loss and is not suitable for all investors. Past performance of any trading system or methodology is not necessarily indicative of future results. The high degree of leverage can work against you as well as for you. Important Notes: Always conduct your own analysis before making trading decisions Use appropriate position sizing and risk management strategies Never risk more than you can afford to lose Consider your investment objectives, experience level, and risk tolerance Seek advice from qualified financial professionals when needed Performance Disclaimer: Backtesting results do not guarantee future performance. Market conditions change constantly, and what worked in the past may not work in the future. Always paper trade new strategies before risking real capital.
Pine Script® indicator
by ionmarpie
4
5 Adaptable SMA bandsProfessional-grade technical indicator designed for elite traders who demand precision, visual clarity, and adaptive market analysis. This sophisticated tool revolutionizes traditional Simple Moving Average analysis by transforming thin lines into dynamic, adaptive bands that provide superior trend identification and market structure visualization across all timeframes and asset classes. 🎯 Key Professional Features 5 Fully Configurable SMAs with independent period, color, and width controls 3 Advanced Adaptation Methods: Price Percentage, ATR Adaptive, Dynamic Volatility Institutional-Grade Visual Design with thick, clearly visible bands Real-Time Information Dashboard displaying all active parameters Professional Default Setup: SMA 8 (Green), SMA 20 (Blue), SMA 200 (Red) Precision Band Width Control from 0.05% to 2.0% with 0.05% increments Individual Toggle Control for each moving average Optional Center Lines for exact price level identification 📈 Advanced Adaptation Technology Price Percentage Method: Band width as percentage of SMA value ATR Adaptive Method (Recommended): Automatically adjusts to market volatility using Average True Range Dynamic Volatility Method: Uses standard deviation for high-volatility instruments 💼 Professional Trading Applications Multi-Timeframe Trend Analysis: Identify short, medium, and long-term trends simultaneously Dynamic Support/Resistance Levels: Adaptive bands act as dynamic S/R zones Market Structure Analysis: Visualize trend strength and momentum shifts Entry/Exit Signal Enhancement: Clear visual confirmation of trend changes Risk Management: Better position sizing based on volatility-adjusted bands 🏆 Competitive Advantages Superior Visual Clarity: Thick bands are easier to identify than traditional thin lines Automatic Volatility Adjustment: Adapts to any instrument's characteristics Zoom-Independent Scaling: Maintains visual proportions at any chart zoom level Universal Compatibility: Works flawlessly on Forex, Stocks, Crypto, Commodities, Indices ⚙️ Recommended Professional Setups Scalping: SMAs 8, 20, 50 with ATR Adaptive method Day Trading: SMAs 20, 50, 100 with 0.3-0.5% band width Swing Trading: SMAs 50, 100, 200 with Dynamic Volatility method Position Trading: SMAs 100, 200 with 0.5-0.8% band width
Pine Script® indicator
by enriquereanio
[blackcat] L2 Trend LinearityOVERVIEW The L2 Trend Linearity indicator is a sophisticated market analysis tool designed to help traders identify and visualize market trend linearity by analyzing price action relative to dynamic support and resistance zones. This powerful Pine Script indicator utilizes the Arnaud Legoux Moving Average (ALMA) algorithm to calculate weighted price calculations and generate dynamic support/resistance zones that adapt to changing market conditions. By visualizing market zones through colored candles and histograms, the indicator provides clear visual cues about market momentum and potential trading opportunities. The script generates buy/sell signals based on zone crossovers, making it an invaluable tool for both technical analysis and automated trading strategies. Whether you're a day trader, swing trader, or algorithmic trader, this indicator can help you identify market regimes, support/resistance levels, and potential entry/exit points with greater precision. FEATURES Dynamic Support/Resistance Zones: Calculates dynamic support (bear market zone) and resistance (bull market zone) using weighted price calculations and ALMA smoothing Visual Market Representation: Color-coded candles and histograms provide immediate visual feedback about market conditions Smart Signal Generation: Automatic buy/sell signals generated from zone crossovers with clear visual indicators Customizable Parameters: Four different ALMA smoothing parameters for various timeframes and trading styles Multi-Timeframe Compatibility: Works across different timeframes from 1-minute to weekly charts Real-time Analysis: Provides instant feedback on market momentum and trend direction Clear Visual Cues: Green candles indicate bullish momentum, red candles indicate bearish momentum, and white candles indicate neutral conditions Histogram Visualization: Blue histogram shows bear market zone (below support), aqua histogram shows bull market zone (above resistance) Signal Labels: "B" labels mark buy signals (price crosses above resistance), "S" labels mark sell signals (price crosses below support) Overlay Functionality: Works as an overlay indicator without cluttering the chart with unnecessary elements Highly Customizable: All parameters can be adjusted to suit different trading strategies and market conditions HOW TO USE Add the Indicator to Your Chart Open TradingView and navigate to your desired trading instrument Click on "Indicators" in the top menu and select "New" Search for "L2 Trend Linearity" or paste the Pine Script code Click "Add to Chart" to apply the indicator Configure the Parameters ALMA Length Short: Set the short-term smoothing parameter (default: 3). Lower values provide more responsive signals but may generate more false signals ALMA Length Medium: Set the medium-term smoothing parameter (default: 5). This provides a balance between responsiveness and stability ALMA Length Long: Set the long-term smoothing parameter (default: 13). Higher values provide more stable signals but with less responsiveness ALMA Length Very Long: Set the very long-term smoothing parameter (default: 21). This provides the most stable support/resistance levels Understand the Visual Elements Green Candles: Indicate bullish momentum when price is above the bear market zone (support) Red Candles: Indicate bearish momentum when price is below the bull market zone (resistance) White Candles: Indicate neutral market conditions when price is between support and resistance zones Blue Histogram: Shows bear market zone when price is below support level Aqua Histogram: Shows bull market zone when price is above resistance level "B" Labels: Mark buy signals when price crosses above resistance "S" Labels: Mark sell signals when price crosses below support Identify Market Regimes Bullish Regime: Price consistently above resistance zone with green candles and aqua histogram Bearish Regime: Price consistently below support zone with red candles and blue histogram Neutral Regime: Price oscillating between support and resistance zones with white candles Generate Trading Signals Buy Signals: Look for price crossing above the bull market zone (resistance) with confirmation from green candles Sell Signals: Look for price crossing below the bear market zone (support) with confirmation from red candles Confirmation: Always wait for confirmation from candle color changes before entering trades Optimize for Different Timeframes Scalping: Use shorter ALMA lengths (3-5) for 1-5 minute charts Day Trading: Use medium ALMA lengths (5-13) for 15-60 minute charts Swing Trading: Use longer ALMA lengths (13-21) for 1-4 hour charts Position Trading: Use very long ALMA lengths (21+) for daily and weekly charts LIMITATIONS Whipsaw Markets: The indicator may generate false signals in choppy, sideways markets where price oscillates rapidly between support and resistance Lagging Nature: Like all moving average-based indicators, there is inherent lag in the calculations, which may result in delayed signals Not a Standalone Tool: This indicator should be used in conjunction with other technical analysis tools and risk management strategies Market Structure Dependency: Performance may vary depending on market structure and volatility conditions Parameter Sensitivity: Different markets may require different parameter settings for optimal performance No Volume Integration: The indicator does not incorporate volume data, which could provide additional confirmation signals Limited Backtesting: Pine Script limitations may restrict comprehensive backtesting capabilities Not Suitable for All Instruments: May perform differently on stocks, forex, crypto, and futures markets Requires Confirmation: Signals should always be confirmed with other indicators or price action analysis Not Predictive: The indicator identifies current market conditions but does not predict future price movements NOTES ALMA Algorithm: The indicator uses the Arnaud Legoux Moving Average (ALMA) algorithm, which is known for its excellent smoothing capabilities and reduced lag compared to traditional moving averages Weighted Price Calculations: The bear market zone uses (2low + close) / 3, while the bull market zone uses (high + 2close) / 3, providing more weight to recent price action Dynamic Zones: The support and resistance zones are dynamic and adapt to changing market conditions, making them more responsive than static levels Color Psychology: The color scheme follows traditional trading psychology - green for bullish, red for bearish, and white for neutral Signal Timing: The signals are generated on the close of each bar, ensuring they are based on complete price action Label Positioning: Buy signals appear below the bar (red "B" label), while sell signals appear above the bar (green "S" label) Multiple Timeframes: The indicator can be applied to multiple timeframes simultaneously for comprehensive analysis Risk Management: Always use proper risk management techniques when trading based on indicator signals Market Context: Consider the overall market context and trend direction when interpreting signals Confirmation: Look for confirmation from other indicators or price action patterns before entering trades Practice: Test the indicator on historical data before using it in live trading Customization: Feel free to experiment with different parameter combinations to find what works best for your trading style THANKS Special thanks to the TradingView community and the Pine Script developers for creating such a powerful and flexible platform for technical analysis. This indicator builds upon the foundation of the ALMA algorithm and various moving average techniques developed by technical analysis pioneers. The concept of dynamic support and resistance zones has been refined over decades of market analysis, and this script represents a modern implementation of these timeless principles. We acknowledge the contributions of all traders and developers who have contributed to the evolution of technical analysis and continue to push the boundaries of what's possible with algorithmic trading tools.
Pine Script® indicator
by blackcat1402
Savitzky-Golay Hampel Filter | AlphaNattSavitzky-Golay Hampel Filter | AlphaNatt A revolutionary indicator combining NASA's satellite data processing algorithms with robust statistical outlier detection to create the most scientifically advanced trend filter available on TradingView. "This is the same mathematics that processes signals from the Hubble Space Telescope and analyzes data from the Large Hadron Collider - now applied to financial markets." ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🚀 SCIENTIFIC PEDIGREE Savitzky-Golay Filter Applications: NASA: Satellite telemetry and space probe data processing CERN: Particle physics data analysis at the LHC Pharmaceutical: Chromatography and spectroscopy analysis Astronomy: Processing signals from radio telescopes Medical: ECG and EEG signal processing Hampel Filter Usage: Aerospace: Cleaning sensor data from aircraft and spacecraft Manufacturing: Quality control in precision engineering Seismology: Earthquake detection and analysis Robotics: Sensor fusion and noise reduction ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🧬 THE MATHEMATICS 1. Savitzky-Golay Filter The SG filter performs local polynomial regression on data points: Fits a polynomial of degree n to a sliding window of data Evaluates the polynomial at the center point Preserves higher moments (peaks, valleys) unlike moving averages Maintains derivative information for true momentum analysis Originally published in Analytical Chemistry (1964) Mathematical Properties: Optimal smoothing in the least-squares sense Preserves statistical moments up to polynomial order Exact derivative calculation without additional lag Superior frequency response vs traditional filters 2. Hampel Filter A robust outlier detector based on Median Absolute Deviation (MAD): Identifies outliers using robust statistics Replaces spurious values with polynomial-fitted estimates Resistant to up to 50% contaminated data MAD is 1.4826 times more robust than standard deviation Outlier Detection Formula: |x - median| > k × 1.4826 × MAD Where k is the threshold parameter (typically 3 for 99.7% confidence) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 💎 WHY THIS IS SUPERIOR vs Moving Averages: Preserves peaks and valleys (critical for catching tops/bottoms) No lag penalty for smoothness Maintains derivative information Polynomial fitting > simple averaging vs Other Filters: Outlier immunity (Hampel component) Scientifically optimal smoothing Preserves higher-order features Used in billion-dollar research projects Unique Advantages: Feature Preservation: Maintains market structure while smoothing Spike Immunity: Ignores false breakouts and stop hunts Derivative Accuracy: True momentum without additional indicators Scientific Validation: 60+ years of academic research ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ⚙️ PARAMETER OPTIMIZATION 1. Polynomial Order (2-5) 2 (Quadratic): Maximum smoothing, gentle curves 3 (Cubic): Balanced smoothing and responsiveness (recommended) 4-5 (Higher): More responsive, preserves more features 2. Window Size (7-51) Must be odd number Larger = smoother but more lag Formula: 2×(desired smoothing period) + 1 Default 21 = analyzes 10 bars each side 3. Hampel Threshold (1.0-5.0) 1.0: Aggressive outlier removal (68% confidence) 2.0: Moderate outlier removal (95% confidence) 3.0: Conservative outlier removal (99.7% confidence) (default) 4.0+: Only extreme outliers removed 4. Final Smoothing (1-7) Additional WMA smoothing after filtering 1 = No additional smoothing 3-5 = Recommended for most timeframes 7 = Ultra-smooth for position trading ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 📊 TRADING STRATEGIES Signal Recognition: Cyan Line: Bullish trend with positive derivative Pink Line: Bearish trend with negative derivative Color Change: Trend reversal with polynomial confirmation 1. Trend Following Strategy Enter when price crosses above cyan filter Exit when filter turns pink Use filter as dynamic stop loss Best in trending markets 2. Mean Reversion Strategy Enter long when price touches filter from below in uptrend Enter short when price touches filter from above in downtrend Exit at opposite band or filter color change Excellent for range-bound markets 3. Derivative Strategy (Advanced) The SG filter preserves derivative information Acceleration = second derivative > 0 Enter on positive first derivative + positive acceleration Exit on negative second derivative (momentum slowing) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 📈 PERFORMANCE CHARACTERISTICS Strengths: Outlier Immunity: Ignores stop hunts and flash crashes Feature Preservation: Catches tops/bottoms better than MAs Smooth Output: Reduces whipsaws significantly Scientific Basis: Not curve-fitted or optimized to markets Considerations: Slight lag in extreme volatility (all filters have this) Requires odd window sizes (mathematical requirement) More complex than simple moving averages Best with liquid instruments ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🔬 SCIENTIFIC BACKGROUND Savitzky-Golay Publication: "Smoothing and Differentiation of Data by Simplified Least Squares Procedures" - Abraham Savitzky & Marcel Golay - Analytical Chemistry, Vol. 36, No. 8, 1964 Hampel Filter Origin: "Robust Statistics: The Approach Based on Influence Functions" - Frank Hampel et al., 1986 - Princeton University Press These techniques have been validated in thousands of scientific papers and are standard tools in: NASA's Jet Propulsion Laboratory European Space Agency CERN (Large Hadron Collider) MIT Lincoln Laboratory Max Planck Institutes ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 💡 ADVANCED TIPS News Trading: Lower Hampel threshold before major events to catch spikes Scalping: Use Order=2 for maximum smoothness, Window=11 for responsiveness Position Trading: Increase Window to 31+ for long-term trends Combine with Volume: Strong trends need volume confirmation Multiple Timeframes: Use daily for trend, hourly for entry Watch the Derivative: Filter color changes when first derivative changes sign ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ⚠️ IMPORTANT NOTICES Not financial advice - educational purposes only Past performance does not guarantee future results Always use proper risk management Test settings on your specific instrument and timeframe No indicator is perfect - part of complete trading system ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🏆 CONCLUSION The Savitzky-Golay Hampel Filter represents the pinnacle of scientific signal processing applied to financial markets. By combining polynomial regression with robust outlier detection, traders gain access to the same mathematical tools that: Guide spacecraft to other planets Detect gravitational waves from black holes Analyze particle collisions at near light-speed Process signals from deep space This isn't just another indicator - it's rocket science for trading . "When NASA needs to separate signal from noise in billion-dollar missions, they use these exact algorithms. Now you can too." ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Developed by AlphaNatt Version: 1.0 Release: 2025 Pine Script: v6 "Where Space Technology Meets Market Analysis" Not financial advice. Always DYOR
Pine Script® indicator
by AlphaNatt
1
Golden Duck Runner With TargetsGolden Duck Runner With Targets Overview The Golden Duck Runner is a comprehensive trend-following indicator designed for intraday and swing trading. It combines dual EMA analysis with pullback detection to identify high-probability entry points in trending markets. Key Features Core Signal Logic Dual EMA System: Uses a fast EMA (default 18) and trend filter EMA (default 111) Pullback Detection: Identifies when price pulls back to the fast EMA while staying above/below the trend filter Trend Confirmation: Only generates signals in the direction of the overall trend Visual Elements Dynamic EMA Colors: Golden fast EMA, with trend filter changing from teal (uptrend) to orange (downtrend) Entry Signals: Clear golden arrows marking buy/sell opportunities Target Levels: Displays three take profit levels and stop loss with visual confirmation Professional Dashboard: Real-time position and trend information Risk Management Fixed Tick-Based Targets: Consistent risk/reward ratios across all instruments Multiple Take Profits: Three progressive profit-taking levels (30, 50, 75 ticks) Stop Loss Protection: 36-tick stop loss with visual tracking Position Duration Limit: Automatic closure after 20 bars if targets not reached Alert System Comprehensive alert notifications for: Long and short entry signals Individual take profit level hits (TP1, TP2, TP3) Stop loss activation Combined alerts for any entry or profit-taking event How It Works Entry Conditions Long Signal: Market in uptrend (Fast EMA > Trend Filter EMA) Price pulls back below fast EMA but stays above trend filter EMA Price closes back above fast EMA with momentum Short Signal: Market in downtrend (Fast EMA < Trend Filter EMA) Price pulls back above fast EMA but stays below trend filter EMA Price closes back below fast EMA with momentum Exit Strategy TP1: 30 ticks from entry (partial profit) TP2: 50 ticks from entry (partial profit) TP3: 75 ticks from entry (final target) Stop Loss: 36 ticks against entry Time Exit: 20 bars maximum hold time Customization Options Adjustable EMA periods for different timeframes Configurable stop loss and take profit levels Toggle visibility of EMAs, signals, and visual elements Professional color scheme optimized for all chart backgrounds Best Use Cases Futures Trading: ES, NQ, YM, RTY with tick-based precision Forex Pairs: Major and minor currency pairs Crypto Markets: Bitcoin, Ethereum, and altcoins Stock Indices: SPY, QQQ, and sector ETFs Recommended Timeframes Scalping: 1m, 3m, 5m charts Intraday: 15m, 30m, 1H charts Swing Trading: 4H, 1D charts Educational Value This indicator teaches traders: Trend identification and confirmation Pullback trading strategies Proper risk management techniques Multi-target profit-taking approaches Important Notes Not Financial Advice: This indicator is for educational and analysis purposes only Backtesting Recommended: Test on historical data before live trading Risk Management: Always use proper position sizing and risk controls Market Conditions: Performance may vary in different market environments Technical Specifications Version: Pine Script v5 Overlay: True (plots on price chart) Alerts: Full alert integration for automated trading systems Performance: Optimized for real-time data processing Compatibility: Works on all TradingView subscription levels Disclaimer: Trading involves substantial risk of loss and is not suitable for all investors. Past performance does not guarantee future results. Always trade with proper risk management and never risk more than you can afford to lose.
Pine Script® indicator
by WDA-INNER-CIRCLE