Power Core MAThe Power Core MA indicator is a powerful tool designed to identify the most significant moving average (MA) in a given price chart. This indicator analyzes a wide range of moving averages, from 50 to 400 periods, to determine which one has the strongest influence on the current price action.
The blue line plotted on the chart represents the "Current Core MA," which is the moving average that is most closely aligned with other nearby moving averages. This line indicates the current trend and potential support or resistance levels.
The table displayed on the chart provides two important pieces of information. The "Current Core MA" value shows the length of the moving average that is currently most influential. The "Historical Core MA" value represents the average length of the most influential moving averages over time.
This indicator is particularly useful for traders and analysts who want to identify the most relevant moving average for their analysis. By focusing on the moving average that has the strongest historical significance, users can make more informed decisions about trend direction, support and resistance levels, and potential entry or exit points.
The Power Core MA is an excellent tool for those interested in finding the strongest moving average in the price history. It simplifies the process of analyzing multiple moving averages by automatically identifying the most influential one, saving time and providing valuable insights into market dynamics.
By combining current and historical data, this indicator offers a comprehensive view of the market's behavior, helping traders to adapt their strategies to the most relevant timeframes and trend strengths.
Trend Analysis
Rule No.1: Advanced Trading IndicatorRule No.1: Advanced Trading Indicator
This indicator combines multiple trading strategies and tools to assist traders in making informed decisions. Key features include:
EMA Crossovers: Identifies buy and sell signals based on short and long EMA crossovers.
Supertrend Signals: Provides Supertrend-based buy and sell signals.
RSI Alerts: Highlights overbought and oversold conditions using RSI.
Support and Resistance Lines: Automatically plots liquidity swing highs and lows.
Smart Money Concepts: Displays higher highs (HH) and lower lows (LL) for trend analysis.
Risk Management Tools: Calculates and displays Take Profit (TP) and Stop Loss (SL) levels based on ATR or percentage methods.
Volume Oscillator Alerts: Detects volume spikes that may indicate significant market moves.
Customizable Alerts: Allows users to enable or disable specific alerts according to their trading preferences.
How to Use:
Settings: Customize the indicator settings to fit your trading style.
Entry Price: Manually set an entry price to calculate TP and SL levels.
Alerts: Enable the desired alerts to receive notifications on trading signals.
Disclaimer:
This indicator is a tool to assist in technical analysis and should not be considered as financial advice. Always conduct your own analysis before making trading decisions.
Support & Resistance AI LevelScopeSupport & Resistance AI LevelScope
Support & Resistance AI LevelScope is an advanced, AI-driven tool that automatically detects and highlights key support and resistance levels on your chart. This indicator leverages smart algorithms to pinpoint the most impactful levels, providing traders with a precise, real-time view of critical price boundaries. Save time and enhance your trading edge with effortless, intelligent support and resistance identification.
Key Features:
AI-Powered Level Detection: The LevelScope algorithm continuously analyzes price action, dynamically plotting support and resistance levels based on recent highs and lows across your chosen timeframe.
Sensitivity Control: Customize the sensitivity to display either major levels for a macro view or more frequent levels for detailed intraday analysis. Easily adjust to suit any trading style or market condition.
Level Strength Differentiation: Instantly recognize the strength of each level with visual cues based on how often price has touched each one. Stronger levels are emphasized, highlighting areas with higher significance, while weaker levels are marked subtly.
Customizable Visuals: Tailor the look of your chart with customizable color schemes and line thickness options for strong and weak levels, ensuring clear visibility without clutter.
Proximity Alerts: Receive alerts when price approaches key support or resistance, giving you a heads-up for potential market reactions and trading opportunities.
Who It’s For:
Whether you're a day trader, swing trader, or just want a quick, AI-driven way to identify high-probability levels on your chart, Support & Resistance AI LevelScope is designed to keep you focused and informed. This indicator is the perfect addition to any trader’s toolkit, empowering you to make more confident, data-backed trading decisions with ease.
Upgrade your analysis with AI-powered support and resistance—no more manual lines, only smart levels!
Strong 3rd Wave Signal with Filter By DemirkanUsage Explanation:
The Strong 3rd Wave Signal with Filter indicator is designed to help traders identify high-quality entry points for the beginning of strong uptrends, particularly in the context of Elliott Wave Theory. This indicator integrates multiple technical analysis tools to ensure that only the most reliable signals are generated, avoiding noise and weak trends.
This indicator is built on the following key components:
HMA (Hull Moving Average): The Hull Moving Average is used to capture the trend direction, filtering out market noise. A rising HMA indicates an uptrend, while a falling HMA signals a downtrend.
RSI (Relative Strength Index): RSI is used to confirm that the market is not in an overbought condition when a buy signal is generated. The indicator ensures that the RSI stays within a neutral range, indicating a healthy market condition for potential trend continuation.
ADX (Average Directional Index): ADX is employed to confirm whether the market is in a strong trend. The indicator ensures that only strong trends with a sufficient level of momentum are considered, filtering out weak or sideways markets.
Volume Filter: The indicator uses volume analysis to confirm that the price movement is supported by sufficient market participation. Buy signals are only triggered when the volume exceeds the average volume by a specified multiplier.
EMA 200 and SMA 50: The 200-period Exponential Moving Average (EMA) is used to identify the long-term market trend, while the 50-period Simple Moving Average (SMA) helps in filtering out signals that occur outside of a favorable trend zone. The indicator only generates buy signals when the price is below the EMA 200 but above the SMA 50, ensuring that the market is in a mid-term bullish trend.
How to Use:
Buy Signals: The indicator will plot a Buy Signal when the following conditions are met:
Price is above the 50-period SMA and below the 200-period EMA, indicating a potential uptrend within a mid-term bullish trend.
The Hull Moving Average is rising, signaling an uptrend.
RSI is in a neutral zone (not overbought).
Volume exceeds the average volume, confirming the strength of the move.
Price is making higher highs compared to the last 10 bars, showing increasing buying momentum.
Trend Confirmation: The indicator is designed to avoid generating false signals during weak or sideways trends. By using ADX and volume filters, it ensures that signals are only triggered during strong, trending markets, reducing the likelihood of false breakouts or reversals.
Risk Management: While this indicator helps you identify the most promising trends, it's always recommended to use additional risk management strategies like stop-loss and take-profit levels to protect your investments.
Target Audience:
This indicator is suitable for traders who prefer to trade with the trend and are looking for high-quality, filtered signals that align with the Elliott Wave Theory. It is especially useful for those who focus on medium- to long-term trades and wish to avoid choppy, low-volume market conditions.
Key Benefits:
Helps identify strong uptrends with high probability.
Avoids weak and sideways markets.
Integrates multiple filters like HMA, RSI, ADX, Volume, and EMA/SMA to ensure the quality of the signals.
Focuses on confirming strong trends based on Elliott Wave principles, providing a structured approach for trend-following strategies.
By using this indicator, traders can focus on high-quality setups and improve their decision-making process by filtering out noise and low-probability trades.
Inversion Fair Value Gap Oscillator | Flux Charts💎 GENERAL OVERVIEW
Introducing the new Inversion Fair Value Gap Oscillator (IFVG Oscillator) indicator! This unique indicator identifies and tracks Inversion Fair Value Gaps (IFVGs) in price action, presenting them in an oscillator format to reveal market momentum based on IFVG strength. It highlights bullish and bearish IFVGs while enabling traders to adjust detection sensitivity and apply volume and ATR-based filters for more precise setups. For more information about the process, check the "📌 HOW DOES IT WORK" section.
Features of the new IFVG Oscillator:
Fully Customizable FVG & IFVG Detection
An Oscillator Approach To IFVGs
Divergence Markers For Potential Reversals
Alerts For Divergence Labels
Customizable Styling
📌 HOW DOES IT WORK?
Fair Value Gaps are price gaps within bars that indicate inefficiencies, often filled as the market retraces. An Inversion Fair Value Gap is created in the opposite direction once a FVG gets invalidated. The IFVG Oscillator scans historical bars to identify these gaps, then filters them based on ATR or volume. Each IFVG is marked as bullish or bearish according to the opposite direction of the original FVG that got invalidated.
An oscillator is calculated using recent IFVGs with this formula :
1. The Oscillator starts as 0.
2. When a new IFVG Appears, it contributes (IFVG Width / ATR) to the oscillator of the corresponding type.
3. Each confirmed bar, the oscillator is recalculated as OSC = OSC * (1 - Decay Coefficient)
The oscillator aggregates and decays past IFVGs, allowing recent IFVG activity to dominate the signal. This approach emphasizes current market momentum, with oscillations moving bullish or bearish based on IFVG intensity. Divergences are marked where IFVG oscillations suggest potential reversals. Bullish Divergence conditions are as follows :
1. The current candlestick low must be the lowest of last 25 bars.
2. Net Oscillator (Shown in gray line by default) must be > 0.
3. The current Bullish IFVG Oscillator value should be no more than 0.1 below the highest value from the last 25 bars.
Traders can use divergence signals to get an idea of potential reversals, and use the Net IFVG Oscillator as a trend following marker.
🚩 UNIQUENESS
The Inversion Fair Value Gap Oscillator stands out by converting IFVG activity into an oscillator format, providing a momentum-based visualization of IFVGs that reveals market sentiment dynamically. Unlike traditional indicators that statically mark IFVG zones, the oscillator decays older IFVGs over time, showing only the most recent, relevant activity. This approach allows for real-time insight into market conditions and potential reversals based on oscillating IFVG strength, making it both intuitive and powerful for momentum trading.
Another unique feature is the combination of customizable ATR and volume filters, letting traders adapt the indicator to match their strategy and market type. You can also set-up alerts for bullish & bearish divergences.
⚙️ SETTINGS
1. General Configuration
Decay Coefficient -> The decay coefficient for oscillators. Increasing this setting will result in oscillators giving the weight to recent IFVGs, while decreasing it will distribute the weight equally to the past and recent IFVGs.
2. Fair Value Gaps
Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.
Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.
FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.
Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs.
3. Inversion Fair Value Gaps
Zone Invalidation -> Select between Wick & Close price for IFVG Zone Invalidation.
4. Style
Divergence Labels On -> You can switch divergence labels to show up on the chart or the oscillator plot.
RVI-Based Support & Resistance[Kopottaja]RVI-Based Support & Resistance
This indicator is designed to identify dynamic support and resistance levels based on the Relative Vigor Index (RVI) crossover signals. Instead of using static horizontal lines, it marks key levels on the chart using cross symbols (X) where recent Buy and Sell signals occurred.
Green crosses (X) represent potential support levels based on the last Buy signal.
Red crosses (X) indicate potential resistance levels based on the last Sell signal.
The indicator dynamically updates the support and resistance levels whenever a new signal appears.
Features:
Utilizes Relative Vigor Index (RVI) with a customizable length for trend detection.
Displays cross symbols on the chart at the price levels where the latest Buy and Sell signals were detected.
Provides built-in alerts for new Buy and Sell signals, allowing users to react quickly to potential market changes.
Usage:
Green crosses may indicate areas where the price could find support if revisited.
Red crosses may suggest areas where the price could encounter resistance.
Use this tool in conjunction with other technical indicators or trading strategies for enhanced decision-making.
This indicator is suitable for traders looking for a visual representation of key support and resistance levels that adjust dynamically with market conditions.
Volumetric Rejection Blocks [UAlgo]The Volumetric Rejection Blocks is designed to help traders identify and visualize key price levels where volumetric rejections occur, which may indicate a shift in market sentiment. These rejections can signal potential trend reversals or areas where price action is likely to face support or resistance. By drawing rejection blocks based on volumetric strength, the indicator allows users to observe where significant buying or selling pressure has been exerted, which can be used as a reference point for future price action.
Also indicator dynamically calculates swing highs and lows, analyzes bullish and bearish strengths based on volume-weighted price movements, and displays rejection blocks on the chart. Each rejection block represents an area where the price attempted to move beyond a certain level but faced rejection, either on a close or wick basis. This can be particularly useful for traders who rely on market structure and order flow to make informed decisions about entering or exiting trades.
🔶 Key Features
Swing Length Customization: Allows users to define the swing length, helping tailor the sensitivity of the swing high and low detection to the specific market conditions.
Rejection Block Visualization: Displays up to the last 10 rejection blocks based on user settings, clearly marking areas of significant bullish or bearish rejections.
Volumetric Strength Analysis: The indicator calculates bullish and bearish strength for each rejection block, based on volume-weighted price movements over the last few bars, giving insight into the intensity of the rejection.
Violation Check Type: Offers two options for violation detection—"Close" and "Wick". This allows traders to specify whether a price level is considered broken only if it closes beyond the level or if any wick breaches it.
Bullish and Bearish Block Coloring: Rejection blocks are colored to represent bullish (green) and bearish (red) rejection areas. The color transparency can be adjusted for clear visibility overlaid on the price chart.
Market Structure Labels: Labels and lines marking "Market Structure Shift" (MSS) and "Break of Structure" (BOS) are displayed, giving traders context about significant market structure changes.
🔶 Interpreting the Indicator
Rejection Blocks: These colored blocks on the chart indicate areas where the price faced significant buying or selling pressure. A green block suggests a bullish rejection (support zone), where buyers absorbed the sell-off, potentially pushing the price upward. Conversely, a red block indicates a bearish rejection (resistance zone), where sellers overpowered buyers, potentially driving the price lower.
Strength Analysis: The width of the green and red sections within a rejection block represents the relative bullish and bearish strengths. A wider green section indicates stronger bullish support, while a wider red section suggests more robust bearish resistance. This helps traders gauge the likelihood of price holding or breaching these levels.
Market Structure Shift (MSS) and Break of Structure (BOS): The indicator automatically detects and labels significant changes in market structure. An "MSS" label indicates the first break, suggesting a potential shift in trend direction. A "BOS" label indicates a subsequent confirmation in trend direction, allowing traders to recognize potential trend continuations.
Violation Check: Traders can choose how to interpret breaks of these rejection blocks. Using the "Close" option provides a more conservative approach, requiring a close beyond the level for confirmation. The "Wick" option is more aggressive, treating any wick beyond the level as a break.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
13/200 EMA Cross with pullback entry (Trend Filter)This indicator first tracks a 13/200 ema cross
then provides a trend affirming dot as the price pulls back to the 13 ema
allowing for optimal trend following entry opportunities.
Indicator includes a 13 and 200 ema and customizable icons to your liking
Also the indicator does not include signals contrary to the trend
(only bullish pullbacks above 200 ema and only bearish below)
as per trend following rules
enjoy :)
Bolvoman by Dragon.3 Chiến lược giao dịch t là một hệ thống khá phức tạp, kết hợp nhiều chỉ báo và điều kiện khác nhau để xác định tín hiệu mua và bán. Dưới đây là phần giải thích chi tiết từng phần:
EMA (Exponential Moving Averages)
Mã sử dụng ba đường EMA:
Signal EMA là EMA chu kỳ ngắn, thường là 21 hoặc 10.
Trend EMA là EMA 55, dùng để xác định xu hướng chính.
Supper Trend EMA là EMA dùng để hỗ trợ xác định xu hướng, tương tự như trailing stop.
Màu sắc và Điều kiện xu hướng
Khi Signal EMA nằm trên Trend EMA, mã sẽ hiển thị màu xanh để báo hiệu xu hướng tăng.
Khi Signal EMA nằm dưới Trend EMA, mã sẽ hiển thị màu đỏ báo hiệu xu hướng giảm.
Keltner Channel
Keltner Channel được tạo bằng cách sử dụng ATR (Average True Range) làm độ rộng kênh, nhằm xác định các vùng mua và bán.
Kênh trên (upperKC) và kênh dưới (lowerKC) được hiển thị khi người dùng bật Show KC.
Phân tích Mô Hình Nến và Khối Lượng
Mã xác định các mô hình nến như Bullish Engulfing, Bearish Engulfing, Bullish Pinbar, và Bearish Pinbar.
Nếu một trong các mô hình này xuất hiện trong điều kiện xu hướng tăng/giảm (EMA cắt lên/xuống), và khối lượng lớn hơn khối lượng trung bình của 14 phiên trước đó, thì tín hiệu mua hoặc bán sẽ được đưa ra.
Dynamic Levels Breakout
Mã có thể xác định các mức kháng cự và hỗ trợ động dựa trên các điểm pivot, dùng Pivot Point Period và ATR Factor.
Các mức kháng cự và hỗ trợ động sẽ giúp xác định điểm vào lệnh tiềm năng khi giá phá vỡ các mức này.
SuperTrend AI Dựa Trên Machine Learning
Phần này của mã nhằm phân tích và phân loại các vùng biến động cao, trung bình, và thấp dựa trên ATR.
Dựa trên AI Supper Trend, mã tính toán các trung tâm cụm dữ liệu và tạo các dải SuperTrend để chỉ ra sự biến động, hỗ trợ trader trong việc nắm bắt cơ hội giao dịch trong các điều kiện thị trường khác nhau.
Đường Zigzag và Double Bottom/Double Top
Mã có tích hợp đường zigzag để hiển thị các đỉnh và đáy, từ đó giúp xác định các mô hình đảo chiều như Double Bottom hoặc Double Top.
Điều kiện Mua/Bán chính
Mua khi Signal EMA cắt lên Trend EMA, xuất hiện Bullish Engulfing hoặc Bullish Pinbar, và giá đóng cửa trên Signal EMA kèm khối lượng lớn hơn trung bình 14 phiên.
Bán khi Signal EMA cắt xuống Trend EMA, xuất hiện Bearish Engulfing hoặc Bearish Pinbar, và giá đóng cửa dưới Signal EMA kèm khối lượng lớn hơn trung bình 14 phiên.
Chiến lược này hướng đến việc kết hợp các chỉ báo kỹ thuật và mô hình nến để tăng độ chính xác cho tín hiệu giao dịch. Với các chỉ báo như EMA, Keltner Channel, SuperTrend AI, và phân tích khối lượng, mã cho phép các trader nhận diện các cơ hội giao dịch tốt trong xu hướng và các điểm phá vỡ quan trọng.
Yorks RSI Combined Bull and Bear Zone with Adjustable TimeframeBased on 'RSI with Divergences, Reverse Formulas, and Bull/Bear Zones by @kylealberry
I have combined two of Kyle's script together with the option of having one set to current time frame and a second on a higher time frame. You can choose your own theshold's for bull/bear zones on both time frames. When both time frames are in agreement the indicator will show either a green (bull zone) or red (bear zone) background. When the two time frame bull/bear zones are not in agreement the indicator will show a grey background (no trade zone).
For example if you have rsi 1 thresholds set to 35 and 65 and rsi 2 thresholds both set to 50 on your chosen higher time frame, when rsi is in a bull zone (rsi has crossed above 65 and not yet crossed below 35) and rsi 2 is above 50 on higher time frame the indicator background will be green. If rsi drops below 50 the background will turn grey.
My idea for use it is in either a red or green background wait for a pullback (background must remain red or green) and use your favourite entry trigger. Avoid trading when the indicator is showing a grey background.
Cruce de Medias TotalEs una mejora de la estrategia Cruce de Medias Avanzado permitiendo añadir una tercera media móvil y también permitiendo operar en corto.
Al ser una estrategia se puede ir afinando el rendimiento y personalizando no sólo los períodos de las 3 medias móviles sino activando o desactivando la posibilidad de operar con tres medias o sólo con dos, y también activando o desactivando la opción de operar en corto.
En resumen, es una estrategia de cruce de medias, tienes 7 tipos de medías móviles a elegir, y la posibilidad de operar en corto activando pestaña y también la opción de incluir una tercera media móvil. Por defecto sólo aparece la rentabilidad de operaciones largas (de compras) y cruce de 2 medias móviles.
HTF Candle Projections and BoxesThe HTF Candle Projections with Labels indicator builds on the power of previous tools: HTF Candle Projections and HTF Candle Boxes for LTF Charts . This versatile indicator combines advanced features from both indicators into an improved version, allowing you to display multiple Higher Time Frame (HTF) candles directly on a Lower Time Frame (LTF) chart, with enhanced functionality for improved visualization and analysis.
Key Features
Multiple HTF Candle Projections
Project a customizable number of HTF candles to the right of the current time frame. Easily compare HTF and LTF data without constantly switching between charts.
Customizable Projection Types
Choose between traditional candles or Heikin Ashi for your projections, adapting to your preferred analysis method.
Real-Time Open/High/Low/Close Projections
Dynamic updates ensure you always have the most current levels visible. Includes optional lines for Open, High, Low, and Close values, with selectable styles (solid, dotted, dashed).
Enhanced Visualization
Display HTF candles in the background as shaded areas, with transparent color options for up and down candles—offering intuitive context for recent market movements.
OHLC Labels
View key OHLC values beside each projected candle for quick and easy reference.
Time Frame Display Table
Added visual labels to clearly indicate which HTF is being displayed—no more guessing.
Box Options for Candle Range and Body
Box the entire candle range (High to Low) or just the body (Open to Close), inspired by Kevin Rollo's HTF Candle Boxes.
Pip Range Labels
Label the pip range from High to Low or Open to Close, providing better insight into volatility and price movement within the HTF candle.
This indicator is perfect for traders seeking a combined high-level overview with detailed precision for better decision-making. HTF Candle Projections and Boxes keep the macro perspective in view while focusing on the finer details—all in one chart. Free, open-source, and community-inspired, this tool is a comprehensive solution for time frame analysis.
Released under TradingView's default license (Mozilla Public License 2.0).
Dynamic Trading Strategy with Key Levels, Entry/Exit Managementjust a strategy tester i dont have any copy right of this indicator
EMA Cross + RSI Pullback Strategy with 1H ConfirmationThis strategy combines an ema9 and ema21 cross on the 15min timeframe with a short retest of the RSI 50-line (or close to the RSI 50-line) on the candle before the cross, on the cross, or one or two candles after the cross.
The script uses higher time frame confirmation on the 1 hour. It gives only a buy signal on the 15 minute if on the 1 hour the ema21 is above the ema 50. It gives only a sell signal on the 15 minute if on the 1 hour the ema21 is below the ema50.
It is still in the testing phase. So please backtest this strategy before putting money in the game. I combine my trading with the ATR stoploss finder set on 0.8 (instead of 1.5 default) and aim for RR 1:2 or better.
Please feel free to comment (nicely and polite) ;)
Fractals CheckerBasically, this indicator helps to identify upper and lower fractals (red/green) of three candles.
This fractal checker marks all candles with a triangle below/above the candle that fall into this category and draws a line until the fractal is closed.
Option Delta CandlesDescription:
The Option Delta Candles with EMA indicator is designed to help traders visualize option delta values as candlesticks, calculated using the Black-Scholes model. It provides a unique way to view the cumulative delta changes in a normalized format, making it easier to identify trends and reversals. The addition of an EMA (Exponential Moving Average) overlay helps smooth out the data for better trend analysis.
Features:
Customizable Inputs:
Risk-Free Interest Rate: Adjust the risk-free rate for more precise option calculations.
Volatility: Input the volatility of the underlying asset to reflect current market conditions.
Strike Price: Enter the desired strike price of the option.
Days to Expiration: Specify the days until the option's expiration.
EMA Length: Modify the length of the EMA to suit different time frames and trading styles.
Visual Styles:
Customizable candle colors for bullish and bearish candles.
Configurable border and wick colors for personalized chart aesthetics.
How It Works:
The indicator uses the Black-Scholes model to calculate the delta of a European call option. Delta measures the sensitivity of the option's price to changes in the price of the underlying asset.
A cumulative delta is calculated and normalized to create candlestick representations, providing a visual cue of how the option delta changes over time.
The scaled delta values are normalized between 0 and 1, allowing for a consistent view of relative strength and weakness.
The EMA overlay helps identify smoothed trends and potential reversals within the delta data.
Applications:
Trend Identification: The indicator helps spot trends and potential reversals in option delta movements.
Volatility Analysis: By visualizing option delta, traders can gain insight into how changes in volatility impact options pricing.
Advanced Analysis: This tool is ideal for options traders and analysts looking to integrate delta analysis into their strategies.
Use Cases:
Traders can use the candlestick view to understand shifts in market sentiment through delta changes.
Options Analysts can visualize delta fluctuations over time, aiding in complex options trading strategies.
Technical Analysts may combine this indicator with other tools to confirm signals and enhance trading decisions.
Indicator Configuration:
Input Settings:
Risk-free interest rate (as a percentage).
Volatility (standard deviation) in percentage.
Strike price of the option.
Days remaining until expiration.
EMA length for trend analysis.
Style Customization:
Select colors for bullish and bearish candles, border, and wicks.
Change the color of the EMA line to distinguish it on the chart.
Release Notes:
Initial Version: Includes full implementation of the Black-Scholes delta calculation with customizable EMA and normalized candlestick view.
Future Updates: Potential additions may include enhancements for put options and integrated alerts.
Engulfing BoxThe Engulfing Box indicator is a custom script designed to visually highlight and track bullish and bearish engulfing candlestick patterns on a price chart. These patterns are often used to identify potential reversal points, making them valuable for technical analysis. The script dynamically draws colored boxes around these patterns, helping users easily spot them in the price action.
Key Features:
Bullish Engulfing Pattern: When a candlestick fully engulfs the previous bearish candle (i.e., the close of the current candle is higher than the open of the previous candle, and the open is lower than the close of the previous candle), the script draws a green box around the bullish engulfing candle. This box is drawn from the open of the previous candle to the low of the previous candle.
Bearish Engulfing Pattern: When a candlestick fully engulfs the previous bullish candle (i.e., the close of the current candle is lower than the open of the previous candle, and the open is higher than the close of the previous candle), a red box is drawn around the bearish engulfing candle. This box is drawn from the open of the previous candle to the high of the previous candle.
Dynamic Box Management: Once an engulfing pattern is detected, a box is drawn with the following attributes:
Bullish Engulfing Box: Green, with a transparent background.
Bearish Engulfing Box: Red, with a transparent background.
The box will adjust its color to gray if the price moves past certain thresholds, indicating that the engulfing pattern may no longer be as relevant.
Max Pattern Tracking: The script limits the number of engulfing boxes tracked on the chart to prevent clutter. The maximum number of bullish and bearish engulfing patterns shown is customizable (set to 500 by default), and once this limit is exceeded, older boxes are deleted to maintain a clean chart.
Pattern Expiry: Boxes are deleted if price action moves beyond the pattern’s range, ensuring that outdated signals are removed. If the low price falls below the bottom of the bullish engulfing box, or the high price rises above the top of the bearish engulfing box, the respective box is removed. Additionally, if the low price moves below the top of the bullish box or the high price exceeds the bottom of the bearish box, the box's color is changed to a more neutral tone.
How it Works:
Pattern Detection: The script compares the current price data with the previous candlestick to detect the bullish or bearish engulfing patterns.
Box Creation: If a pattern is detected, a colored box is drawn around the candle to visually highlight the pattern.
Pattern Expiry and Cleanup: The script continuously monitors past boxes. If the price moves too far from the box’s range, the box is either deleted or altered to reflect the reduced significance of the pattern.
B ox Count Limit: To avoid clutter, the script ensures that no more than 500 bullish or bearish engulfing boxes are shown at any time.
Customization:
The number of previous bars to scan for engulfing patterns can be adjusted (maxBarsback).
The maximum number of patterns displayed at any time can be modified.
sangram RSI Candlesticks//@version=5
indicator('Glowing RSI Candlesticks', shorttitle='Glow RSI', overlay=false)
// RSI Settings
rsiPeriod = input.int(40, title='RSI Period', minval=1)
rsiSource = close
rsiValue = ta.rsi(rsiSource, rsiPeriod)
// Toggle Visibility
showRSILine = input(true, title='Make the RSI Glow')
showAllMA = input(true, title="Show ALL Moving Averages")
showMA1 = input(true, title='Show Moving Average 1')
showMA2 = input(true, title='Show Moving Average 2')
showMA3 = input(true, title='Show Moving Average 3')
showMA4 = input(true, title='Show Moving Average 4')
showBars = input(true, title='Show RSI OHLC Bars')
maLength1 = input.int(9, title='MA Length 1')
maLength2 = input.int(15, title='MA Length 2')
maLength3 = input.int(30, title='MA Length 3')
maLength4 = input.int(50, title='MA Length 4')
// Calculate OHLC Values for RSI
rsiOpen = na(rsiValue ) ? rsiValue : rsiValue
rsiHigh = ta.highest(rsiValue, rsiPeriod)
rsiLow = ta.lowest(rsiValue, rsiPeriod)
// Define Colors
barUpColor = color.new(color.green, 0)
barDownColor = color.new(color.red, 0)
barColor = rsiOpen < rsiValue ? barUpColor : barDownColor
// Plot RSI OHLC Bars
plotcandle(showBars ? rsiOpen : na, rsiHigh, rsiLow, rsiValue, title="RSI OHLC", color=barColor, wickcolor=color.new(color.white, 100), bordercolor=barColor)
// Horizontal Lines
hline(70, "Oversold", color.new(color.red, 80), linewidth = 2, linestyle = hline.style_solid)
hline(70, "Oversold", color.new(color.red, 85), linewidth = 12, linestyle = hline.style_solid)
hline(70, "Oversold", color.new(color.red, 90), linewidth = 24, linestyle = hline.style_solid)
hline(70, "Oversold", color.new(color.red, 95), linewidth = 36, linestyle = hline.style_solid)
hline(50, "Mid", color=color.gray)
hline(30, "Oversold", color.new(color.green, 80), linewidth = 2, linestyle = hline.style_solid)
hline(30, "Oversold", color.new(color.green, 85), linewidth = 12, linestyle = hline.style_solid)
hline(30, "Oversold", color.new(color.green, 90), linewidth = 24, linestyle = hline.style_solid)
hline(30, "Oversold", color.new(color.green, 95), linewidth = 36, linestyle = hline.style_solid)
// Plot RSI Line
rsiColor1 = color.new(color.blue, 30)
rsiColor2 = color.new(color.blue, 80)
rsiColor3 = color.new(color.blue, 85)
plot(showRSILine ? rsiValue : na, title='RSI', color=rsiColor1, linewidth=2)
plot(showRSILine ? rsiValue : na, title='RSI', color=rsiColor2, linewidth=10)
plot(showRSILine ? rsiValue : na, title='RSI', color=rsiColor3, linewidth=16)
// Moving Average
maValue1 = ta.sma(rsiValue, maLength1)
maValue2 = ta.sma(rsiValue, maLength2)
maValue3 = ta.sma(rsiValue, maLength3)
maValue4 = ta.sma(rsiValue, maLength4)
plot(showAllMA and showMA1 ? maValue1 : na, title='MA 1', color=color.green)
plot(showAllMA and showMA2 ? maValue2 : na, title='MA 2', color=color.fuchsia)
plot(showAllMA and showMA3 ? maValue3 : na, title='MA 3', color=color.red)
plot(showAllMA and showMA4 ? maValue4 : na, title='MA 4', color=color.red)
Bilateral Stochastic Oscillator XI took the Bilateral Stochastic Oscillator created by alexgrover and merely added more moving average filter options and reduced the standard inputs for shorter term trend analysis.
I also updated the script to version 5.
The filter options are now:
SMA
EMA
RMA
HMA
WMA
VWMA
TMA
LSMA
Cheers.
Rainbow by ChetuThis indicator, Rainbow by Chetu, is a comprehensive tool designed for trend analysis and strategic trade setups on TradingView. Here’s a breakdown of its core features and functionality for your TradingView description:
Multi-Length EMAs for Trend Detection: The Rainbow Indicator uses multiple Exponential Moving Averages (EMAs) of different lengths (from 9 to 60) to detect trend strength and direction. A unique color-coding system is applied to each EMA, with green for uptrends, red for downtrends, and black during crossovers. This helps traders visualize the current market trend across various timeframes quickly.
RSI and Volume Filters: To enhance accuracy, the indicator incorporates an RSI (Relative Strength Index) and volume filter. The RSI helps avoid overbought or oversold conditions, while the volume filter ensures signals are generated only in active trading conditions, reducing false signals.
Automated Buy and Sell Signals: The indicator identifies crossover points between fast and slow EMAs, generating Buy and Sell signals based on RSI conditions and volume levels. These signals are plotted directly on the chart with clear labels, making it easy to recognize potential entry points.
Risk Management with Stop Loss and Target Levels: To support risk management, the Rainbow Indicator includes automatic stop-loss and target levels, based on a customizable ATR (Average True Range) multiplier. A shaded box is drawn on the chart between these levels, providing visual guidance on potential risk and reward for each trade.
Trendline Break Detection: The indicator includes a customizable trendline break detection feature, which uses ATR, standard deviation, or linear regression to calculate slopes for trendlines. When a significant trendline is broken, the indicator plots an alert on the chart, signaling possible trend reversals or breakout opportunities.
Customizable Color and Style Options: Users can adjust the colors of trendlines, signal boxes, and EMAs, tailoring the look and feel of the indicator to their preferences. This customization enhances chart readability and aligns with users' unique trading setups.
This Rainbow Indicator offers a powerful, multi-faceted tool for traders looking to automate and refine their analysis, providing clear entry and exit signals, robust trend visualization, and dynamic risk management all in one.
Supertrend EMA & KNNSupertrend EMA & KNN
The Supertrend EMA indicator cuts through the noise to deliver clear trend signals.
This tool is built using the good old Exponential Moving Averages (EMAs) with a novel of machine learning; KNN (K Nearest Neighbors) breakout detection method.
Key Features:
Effortless Trend Identification: Supertrend EMA simplifies trend analysis by automatically displaying a color-coded EMA. Green indicates an uptrend, red signifies a downtrend, and the absence of color suggests a potential range.
Dynamic Breakout Detection: Unlike traditional EMAs, Supertrend EMA incorporates a KNN-based approach to identify breakouts. This allows for faster color changes compared to standard EMAs, offering a more dynamic picture of the trend.
Customizable Parameters: Fine-tune the indicator to your trading style. Adjust the EMA length for trend smoothing, KNN lookback window for breakout sensitivity, and breakout threshold for filtering noise.
A Glimpse Under the Hood:
Dual EMA Power: The indicator utilizes two EMAs. A longer EMA (controlled by the "EMA Length" parameter) provides a smooth trend direction, while a shorter EMA (controlled by the "Short EMA Length" parameter) triggers color changes, aiming for faster response to breakouts.
KNN Breakout Detection: This innovative feature analyzes price action over a user-defined lookback period (controlled by the "KNN Lookback Length" parameter) to identify potential breakouts. If the price surpasses a user-defined threshold (controlled by the "Breakout Threshold" parameter) above the recent highs, a green color is triggered, signaling a potential uptrend. Conversely, a breakdown below the recent lows triggers a red color, indicating a potential downtrend.
Trading with Supertrend EMA:
Ride the Trend: When the indicator displays green, look for long (buy) opportunities, especially when confirmed by bullish price action patterns on lower timeframes. Conversely, red suggests potential shorting (sell) opportunities, again confirmed by bearish price action on lower timeframes.
Embrace Clarity: The color-coded EMA provides a clear visual representation of the trend, allowing you to focus on price action and refine your entry and exit strategies.
A Word of Caution:
While Supertrend EMA offers faster color changes than traditional EMAs, it's important to acknowledge a slight inherent lag. Breakout detection relies on historical data, and there may be a brief delay before the color reflects a new trend.
To achieve optimal results, consider:
Complementary Tools: Combine Supertrend EMA with other indicators or price action analysis for additional confirmation before entering trades.
Solid Risk Management: Always practice sound risk management strategies such as using stop-loss orders to limit potential losses.
Supertrend EMA is a powerful tool designed to simplify trend identification and enhance your trading experience. However, remember, no single indicator guarantees success. Use it with a comprehensive trading strategy and disciplined risk management for optimal results.
Disclaimer:
While the Supertrend EMA indicator can be a valuable tool for identifying potential trend changes, it's important to note that it's not infallible. Market conditions can be highly dynamic, and indicators may sometimes provide false signals. Therefore, it's crucial to use this indicator in conjunction with other technical analysis tools and sound risk management practices. Always conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
Volume based support and resistance [camerilla pivot]
Your script is a comprehensive indicator built for the Pine Script v5, incorporating a Variable Index Dynamic Average (VIDYA) with Camerilla pivot levels and liquidity zones. I'll break down key elements and provide minor improvements or corrections if needed.
Structure and Key Features
VIDYA Calculation:
vidya_calc function calculates the Variable Index Dynamic Average, a volatility-adjusted moving average.
It uses a momentum-based calculation to adjust its response to price changes, making it adaptive.
Liquidity Zones:
The script creates liquidity lines based on pivot highs and lows, marking potential support and resistance zones.
The extend_liquidity_lines function handles the visual updates for these liquidity lines, adding labels and markers based on volume changes.
Trend Detection:
The script identifies up and down trends based on VIDYA crossovers with user-defined upper and lower bands.
Accumulated volumes are calculated separately for uptrends and downtrends, and this information is displayed on the last bar.
Camarilla Pivots:
Camarilla pivots are calculated using high, low, and close prices from a specified timeframe (default: daily).
This includes various levels such as R3, S3, R4, S4, etc., with optional labels to show these levels on the chart.
The pivot levels are dynamically updated, resetting previous labels and lines to avoid clutter.
