Stochastic Trendlines with Breakouts [Jamshid] - EnhancedStochastic Trendlines with Breakouts - Enhanced Version
This advanced Stochastic Trendlines with Breakouts script combines several powerful features to provide enhanced breakout detection based on the Stochastic Oscillator and additional confirmation signals. This script is designed to help traders identify key trend reversals, breakout points, and pivot levels with more accuracy by integrating advanced filters such as RSI confirmation, moving average trend filtering, volatility filtering, divergence detection, and multi-timeframe analysis.
Key Features:
Stochastic Oscillator-Based Breakouts:
Automatically detects breakouts based on the smoothed Stochastic Oscillator values (%K and %D), providing insights into overbought and oversold conditions.
Customizable overbought and oversold levels, with a mid-level (50) line for additional reference.
Trendlines on Pivot Points:
Automatically plots dynamic trendlines based on pivot highs and lows of the smoothed Stochastic %K, helping to visualize potential reversal points.
RSI Confirmation (Optional):
Filters breakout signals using the Relative Strength Index (RSI) to confirm breakouts only when the RSI is below 50 for downtrend breakouts and above 50 for uptrend breakouts.
Visual confirmation with a green "RSI Conf." label displayed on the chart when the RSI condition is met.
Moving Average Filter (Optional):
Confirms breakout signals in the direction of a user-defined Moving Average (MA) to trade in the overall market trend direction.
MA length is fully customizable.
Stochastic Divergence Filter (Optional):
Detects bullish or bearish divergence between the price and Stochastic Oscillator values, adding an extra layer of confirmation.
Multi-Timeframe Confirmation (Optional):
Confirms breakouts by checking the Stochastic %K and %D values from a higher timeframe. This helps in avoiding false signals by aligning with the broader market trend.
The higher timeframe can be customized to any timeframe (e.g., daily, weekly, etc.).
Volatility Filter (Optional):
Uses the ATR (Average True Range) to filter out breakouts during periods of low volatility, ensuring signals are only triggered when there is sufficient price movement.
ATR length and multiplier are fully customizable.
Custom Alerts:
Alerts are available for new trendline detections (both pivot high and pivot low) and for confirmed breakout signals. These alerts help traders stay informed in real-time without needing to monitor the chart continuously.
How to Use:
Customize the Stochastic Oscillator settings, such as %K smoothing and %D line parameters, to fit your trading strategy.
Enable or disable additional filtering features (RSI, MA, divergence, MTF, volatility) as needed.
Set up alerts for specific breakout conditions directly in TradingView to stay notified when breakout signals are triggered.
This script is designed for traders who are looking for precision breakout signals with added layers of confirmation to avoid false breakouts and enhance trading accuracy.
Trend Analysis
TS Volatility-Adjusted EWMAThe TS Volatility-Adjusted Exponentially Weighted Moving Average (EWMA) is a dynamic trend-following indicator designed to adapt to changing market volatility. Unlike traditional moving averages, this indicator adjusts its sensitivity based on market conditions, making it more responsive during periods of high volatility and smoother when markets are calmer.
Key Features:
Volatility Adjustment: The EWMA length is dynamically scaled using the Average True Range (ATR), making it adaptive to market volatility. This allows the indicator to react quickly when volatility spikes and remain stable when volatility drops.
User-Controlled Smoothing: The indicator includes an optional smoothing period, allowing you to adjust how smooth or reactive the line is to price changes. If you prefer a more smoothed-out trend, simply increase the smoothing length.
This indicator is perfect for trend-following traders who want an adaptive tool that stays responsive to the market’s volatility. The TS Volatility-Adjusted EWMA helps you confidently follow market trends, whether you’re riding a long-term trend or catching shorter-term movements.
DEB SuperTrend [Mattes]The Dynamic Envelope Based Supertrend integrates two key concepts: dynamic envelopes and the Supertrend, creating a powerful trend-following tool. Understanding its functionality requires a closer look at how the envelopes are constructed and how they interact with price action.
Dynamic Envelopes
>>> Dynamic envelopes are bands that surround a central moving average (MA) which is set by the user. These are then calculated based on the standard deviation of price movements over a specified period. The formula for the upper and lower envelopes is as follows:
Upper Envelope=MA+(Multiplier×STD)
Lower Envelope=MA−(Multiplier×STD)
This dynamic approach ensures that the envelopes expand and contract based on market volatility. In periods of high volatility, the envelopes widen, allowing for more price movement without triggering false signals. Conversely, in low-volatility periods, the envelopes tighten, enhancing sensitivity to price changes.
Interaction with the Supertrend
The Supertrend component is a trend-following indicator that utilizes the concept of Average True Range (ATR) to define its trailing stop levels.
In this indicator however (like I've mentioned before), the ATR bands have been replaced with the STD envelopes, as they offer a better performance compared to ATR bands.
Trend Direction
The Supertrend indicator generates buy and sell signals based on price crossing the calculated upper and lower envelopes:
>>> Buy Signal: Triggered when the price closes above the upper envelope, indicating a potential upward trend.
>>> Sell Signal: Triggered when the price closes below the lower envelope, suggesting a downward trend.
Adaptive Nature:
The dynamic envelopes effectively serve as dynamic support and resistance levels, which adapt to price movements and volatility, while the Supertrend tracks these levels to confirm the trend direction and adjust accordingly to changes, making it an enhanced version of ATR Based Supertrends.
Unique Aspects and Advantages
->>>> The Dynamic Envelope Based Supertrend is unique for several reasons:
>>> Volatility Responsiveness: The indicator adjusts its sensitivity based on market conditions, reducing the likelihood of false signals during quiet market phases and improving reliability during volatile periods. This is reasoned by the STD envelope bands contracting and expanding relative to the tickers performance.
>>> Trend Confirmation: By integrating the Supertrend logic, the indicator not only provides entry signals but also guides traders on when to exit, maintaining a focus on trend-following rather than mean reversion.
>>> Stability: Due to its use of Standard deviation envelopes, it is very ressistant in periods of uncertainty, Rather than buy bottom and selling tops, it stays long/short for the complete period of mean reverting environments, which is based on the bigger and fuller trend direction on the larger timescales.
>>> Clear Signals: The indicator simplifies decision-making by offering visual cues through its envelopes and trend signals, making it accessible to traders of all experience levels.
Summary:
The Dynamic Envelope Based Supertrend is a sophisticated trend-following indicator that intelligently combines dynamically adjusted STD envelopes with Supertrend logic. By incorporating volatility metrics, it offers a clear and actionable framework for traders, enhancing their ability to identify and follow trends effectively.
DSL Trend Analysis [ChartPrime]The DSL Trend Analysis indicator utilizes Discontinued Signal Lines (DSL) deployed directly on price, combined with dynamic bands, to analyze the trend strength and momentum of price movements. By tracking the high and low price values and comparing them to the DSL bands, it provides a visual representation of trend momentum, highlighting both strong and weakening phases of market direction.
⯁ KEY FEATURES AND HOW TO USE
⯌ DSL-Based Trend Detection :
This indicator uses Discontinued Signal Lines (DSL) to evaluate price action. When the high stays above the upper DSL band, the line turns lime, indicating strong upward momentum. Similarly, when the low stays below the lower DSL band, the line turns orange, indicating strong downward momentum. Traders can use these visual signals to identify strong trends in either direction.
⯌ Bands for Trend Momentum :
The indicator plots dynamic bands around the DSL lines based on ATR (Average True Range). These bands provide a range within which price can fluctuate, helping to distinguish between strong and weakening trends. If the high remains within the upper band, the lime-colored line becomes transparent, showing weakening upward momentum. The same concept applies for the lower band, where the line turns orange with transparency, indicating weakening downward momentum.
If high and low stays between bands line has no color
to make sure indicator catches only strong momentum of price
⯌ Real-Time Band Price Labels :
The indicator places two labels on the chart, one at the upper DSL band and one at the lower DSL band, displaying the real-time price values of these bands. These labels help traders track the current price relative to the key bands, which are essential in determining potential breakout or reversal zones.
⯌ Visual Confirmation of Momentum Shifts :
By monitoring the relationship between the high and low values of the price relative to the DSL bands, this indicator provides a reliable way to confirm whether the trend is gaining or losing strength. This allows traders to act accordingly, whether it's to enter or exit positions based on trend strength or weakness.
⯁ USER INPUTS
Length : Defines the period used to calculate the DSL lines, influencing the sensitivity of the trend detection.
Offset : Adjusts the offset applied to the upper and lower DSL bands, affecting how the thresholds for strong or weak momentum are set.
Width (ATR Multiplier) : Determines the width of the DSL bands based on an ATR multiplier, providing a dynamic range around the price for momentum analysis.
⯁ CONCLUSION
The DSL Trend Analysis indicator is a powerful tool for assessing price momentum and trend strength. By combining Discontinued Signal Lines with dynamically calculated bands, traders can easily spot key moments when momentum shifts from strong to weak or vice versa. The color-coded lines and real-time price labels provide valuable insights for trading decisions in both trending and ranging markets.
Options Series - Dynamic Support & Resistance
🌟 Key Features & How It Works:
⭐ Dynamic Support and Resistance Management:
The script dynamically calculates and draws support and resistance lines based on pivot highs and pivot lows. Unlike static levels that remain unchanged, these lines are updated in real-time. When a support or resistance level is breached, the corresponding line is automatically deleted, keeping the chart clean and relevant. This feature ensures that the trader is always looking at valid support and resistance levels based on the current price action.
⭐ Use of Arrays for Line Management:
The script utilizes arrays to store and manage support and resistance lines (array.new_line(0)). This is a more advanced feature of Pine Script v5, allowing for efficient handling of multiple lines on the chart. By using arrays, the script can easily track and manipulate multiple lines (adding, removing, updating), ensuring that the chart remains optimized for real-time analysis.
⭐ Customizable Inputs for Flexibility:
The script includes user inputs for the pivot length and the line width, making it adaptable to different trading styles and preferences. The pivot length determines how sensitive the indicator is to price changes, while the line width allows traders to customize the visual representation of support and resistance levels. These inputs add flexibility and make the script accessible to a broad range of traders.
⭐ Efficient Breach Detection Mechanism:
The isBreached function is a key part of the script. It checks whether the current price has breached any of the existing support or resistance levels. If a breach is detected (i.e., the price crosses below a support or above a resistance), the respective line is deleted, ensuring that only active and valid lines remain on the chart. This automatic update feature reduces the need for manual intervention, helping traders stay focused on key price levels.
⭐ Visual Clarity and Chart Cleanliness:
By deleting breached lines, the script ensures that the chart does not become cluttered with outdated or irrelevant lines. This visual clarity is crucial for traders who rely on clean, simple charts for decision-making. Removing unnecessary information helps traders make faster, more confident decisions based on the current market structure.
⭐ Scalability for Multiple Timeframes:
The use of pivot points makes the script adaptable to different timeframes, from intraday scalping to longer-term swing trading. By changing the pivot length, traders can optimize the indicator for different market environments, ensuring that it can be applied across various asset classes and timeframes.
⭐ Practical for Range-bound and Breakout Trading:
This script is particularly effective for traders who focus on range-bound markets or breakout strategies. It allows them to quickly identify areas where price is likely to reverse (support/resistance) or break out (when support/resistance is breached), providing real-time insight into market dynamics.
⭐ Simplification of Price Action Analysis:
By automating the calculation of pivots and management of support/resistance levels, the script simplifies price action analysis. Traders no longer need to manually draw or monitor these levels, which is a common task in technical analysis. This provides an edge, as it reduces the time spent on chart preparation and helps focus on executing trades.
⭐ Originality:
The script "Options Series - Pivot Based Support & Resistance" is an original approach to generating support and resistance levels using pivot points. Pivot-based techniques are popular, but the script introduces an automated dynamic way of drawing support and resistance lines, tracking breaches, and deleting lines when they are no longer valid. This aspect adds a refreshing layer of interactivity and functionality that sets it apart from basic pivot point scripts. The use of arrays to store and manage multiple support and resistance lines is also a good application of Pine Script’s newer array functionalities.
⭐ Uniqueness of the Script:
The script stands out due to its dynamic management of support and resistance lines. Unlike traditional scripts that simply plot static pivot points, this one evolves with the market by removing broken levels, ensuring only valid support and resistance lines are visible on the chart. This is particularly useful for traders who focus on clean charting. The use of arrays to store and manage the lines, alongside the efficient deletion of lines when breached, demonstrates a solid understanding of Pine Script v5's advanced features, such as array manipulation.
🚀 Conclusion:
This script stands out for its real-time adaptability, dynamic support/resistance management, and efficient use of Pine Script’s advanced features. It a powerful tool for both novice and advanced traders.
The script is an indicator designed to draw support and resistance levels based on pivot highs and lows, dynamically removing lines when they are breached. If a price crosses a support or resistance level, the respective line is deleted, ensuring the chart reflects the current state of support and resistance accurately.
Stochastics Confluences 4 in 1Description of the Pine Script:
This script plots the Full Stochastic indicator for four different time periods, and highlights conditions where potential buy or sell signals can be identified. The Stochastic indicator measures the position of the current closing price relative to the range of high and low prices over a defined period, helping traders identify overbought and oversold conditions.
Key Features:
Stochastic Calculation for 4 Different Periods:
The script calculates the Stochastic for four separate lookback periods: 9, 14, 40, and 60 bars.
Each Stochastic value is smoothed by a Simple Moving Average (SMA) to reduce noise and provide a clearer signal.
Visual Representation:
It plots each Stochastic value on the chart using different colors, allowing the user to see how the different periods of the indicator behave relative to each other.
Horizontal lines are drawn at 80 (Upper Bound) and 20 (Lower Bound), commonly used to identify overbought and oversold regions.
Highlighting Buy and Sell Conditions:
Green Highlight (Potential Buy Signal):
When all four Stochastic values (for the four different periods) are below 20, this suggests that the asset is in an oversold condition across multiple timeframes. The green background highlight appears when the Stochastic lines converge below 20, indicating a potential buy signal, as the price may be preparing to move upward from an oversold state.
Red Highlight (Potential Sell Signal):
When all four Stochastic values are above 80, the asset is in an overbought condition across multiple timeframes. The red background highlight appears when the Stochastic lines converge above 80, indicating a potential sell signal, as the price may soon reverse downward from an overbought state.
How to Interpret the Signals:
Buy Signals (Green Highlight):
When the chart is highlighted in green, it means the Stochastic indicators for all four periods are below 20, signaling that the asset is oversold and may be nearing a potential upward reversal. This condition suggests a possible buying opportunity, especially when other indicators confirm the potential for an upward trend.
Sell Signals (Red Highlight):
When the chart is highlighted in red, it indicates that the Stochastic indicators for all four periods are above 80, meaning the asset is overbought. This condition signals a possible downward reversal, suggesting a potential selling opportunity if the price begins to show signs of weakness.
By using this script, traders can visually identify periods of strong confluence across different timeframes when the Stochastic indicators are in extreme oversold or overbought conditions, which are traditionally seen as strong buy or sell signals.
This approach helps filter out weaker signals and focuses on moments when all timeframes align, increasing the probability of a successful trade.
Adjusted CoT IndexAdjusted COT Index
Improves upon: "COT Index Commercials vs large and small Speculators" by SystematicFutures
How: CoT Indexes are adjusted by Open Interest to normalise data over time, and threshold background colours are in-line with Larry Williams recommendations from his book.
Note: This indicator is **only** accurate on the Daily time-frame due to the mid-week release date for CoT data.
This script calculates and plots the Adjusted Commitment of Traders (COT) Index for Commercial, Large Speculator, and Retail (Small Speculator) categories.
The CoT Index is adjusted by Open Interest to normalise data through time, following the methodology of Larry Williams, providing insights into how these groups are positioned in the market with an arguably more historically accurate context.
COT Categories
-------------------
- Commercials (Producers/Hedgers): Large entities hedging against price changes in the underlying asset.
- Large Speculators (Non-commercials): Professional traders and funds speculating on price movements.
- Retail Traders (Nonreportable/Small Speculators): Small individual traders, typically less informed.
Features
----------
- Open Interest Adjustment
- The net positions for each category are normalized by Open Interest to account
for varying contract sizes.
- Customisable Look-back Period
- You can adjust the number of weeks for the index calculation to control the
historical range used for comparison.
- Thresholds for Extremes
- Upper and lower thresholds (configurable) are provided to mark overbought and
oversold conditions.
- Defaults
- Overbought: <=20
- Oversold: >= 80
- Hide Current Week Option
- Optionally hide the current week's data until market close for more accurate comparison.
- Visual Aids
- Plot the Commercials, Large Speculators, and Retail indexes, and optionally highlight extreme positioning.
Inputs
--------
- weeks
- Number of weeks for historical range comparison.
- upperExtreme and lowerExtreme
- Thresholds to identify overbought/oversold conditions (default 80/20).
- hideCurrentWeek
- Option to hide current week's data until market close.
- markExtremes
- Highlight extremes where any index crosses the upper or lower thresholds.
- Options to display or hide indexes for Commercials, Large Speculators, and Small Speculators.
Outputs
----------
- The script plots the COT Index for each of the three categories and highlights periods of extreme positioning with customisable thresholds.
Usage
-------
- This tool is useful for traders who want to track the positioning of different market participants over time.
- By identifying the extreme positions of Commercials, Large Speculators, and Retail traders, it can give insights into market sentiment and potential reversals.
- Reversals of trend can be confirmed with RSI Divergence (daily), for example
- Continuation can be confirmed with RSI overbought/oversold conditions (daily), and/or hidden RSI Hidden Divergence, for example
*2.2 Aggregated (Raw Z-scores with MA)***To be used with other 2.2 indicator***
Key Indicators Used:
Oscillating Indicators: RSI, TSI, Stochastic, MACD, CCI, Vortex Indicator, Williams %R.
Perpetual Trend Indicators: EMA, ADX, Parabolic SAR, Supertrend, Donchian Channel, Ichimoku Cloud, RVGI.
How to Use the Indicator:
Raw Z-Score (Blue Line): This represents the real-time aggregated Z-score of all the indicators. It shows how far the current market conditions are from their average, helping you identify trends.
Moving Average of Z-Score (Orange Line): A smoothed version of the Z-score that helps confirm trends and eliminate noise.
Shaded Area: The area between the Z-score and its moving average is shaded green if the Z-score is above the moving average (bullish), and red if below the moving average (bearish).
Zero Line (Gray Line): Serves as a reference point. A Z-score crossing above zero could signal a bullish market, while crossing below zero could indicate bearish conditions.
This indicator helps in identifying market extremes and trend reversals by combining various technical indicators into a single aggregate score, ideal for spotting overbought or oversold conditions and possible trend shifts
*2.2 Aggregate Signal Indicator (trial)How to Use the Indicator:
Trend Detection:
The aggregate trend score will plot above 0 for bullish conditions and below 0 for bearish conditions.
When the trend score is green, it indicates a positive (bullish) trend, while red indicates a negative (bearish) trend.
Visual Representation:
The blue line represents the aggregate trend score, while the grey line at 0 shows the neutral point.
The area between the trend score and the 0-line is filled with green (bullish) or red (bearish) based on the score's direction.
Confirming Trends:
Look for consistency in the trend score remaining above or below 0 to confirm a lasting trend.
Use this indicator alongside other trading strategies to filter out false signals and gain confirmation of market direction.
Customizable Inputs:
The indicator allows you to customize the settings for each individual indicator (e.g., lengths for EMA, ADX, RSI, MACD, etc.) to fine-tune the system to your preference or specific market conditions.
Time Based 3 Candle Model CRT FrameworkThe 3 Candle Model Overview:
The 3 Candle Model serves as a sophisticated framework for traders to navigate the complexities of financial markets, particularly within futures and forex trading. This guide not only elaborates on the model's key features but also emphasizes its originality and practical usefulness in the TradingView community. The core principle of the 3 Candle Model revolves around understanding how candle patterns can represent significant price ranges, offering valuable insights into potential market movements. By integrating the model with other critical trading concepts such as the Power of Three (PO3), Open-High-Low-Close (OHLC), and Turtle Soup setups, traders can enhance their ability to identify high-probability trades and achieve better trading outcomes.
Indicator includes:
3 Customizable Timeframe choices to fractally frame 3 candle models for precision
Live Timers for each timeframe to always be aware of the models timing
Parent Candle tracking on every preffered timeframe until new models parent candle is printed
Key Features of the 3 Candle Model
The 3 Candle Model primarily utilizes a three-candle structure, where the first candle establishes a price range, the second candle may act as a confirmation (often termed a "turtle soup"), and the third candle provides the breakout or continuation. This structure is pivotal in determining entry and exit points for trades, ensuring that each trading decision is backed by solid price action analysis.
OHLC Principle:
The Open-High-Low-Close (OHLC) concept is integral to the 3 Candle Model, allowing traders to analyze price action more effectively. Understanding the relationship between these four price points helps traders gauge market sentiment and potential reversals. By incorporating OHLC into the model, traders can develop a deeper understanding of market structure and its implications for future price movements.
Delivery States:
The 3 Candle Model emphasizes the importance of delivery states, which refer to the market's phase during specific time frames. Recognizing these states aids traders in determining the appropriate conditions for entering trades, particularly when combined with the power of three and candle range patterns. This understanding is crucial for positioning trades in alignment with market momentum.
High Probability Setups:
By aligning the 3 Candle Model with inside bar setups, traders can optimize their strategies for high-probability outcomes. This approach capitalizes on the inherent fractal nature of price movements, where previous patterns repeat at different scales. The combination of the model and inside bar setups enhances the trader's toolkit, allowing for more strategic trade placements.
Turtle Soup Formation:
The 3 Candle Model intricately connects with the Turtle Soup concept, which focuses on false breakouts. Identifying these formations at critical levels enhances the trader's ability to anticipate reversals or continuation patterns. The timing of these setups, particularly during specified times like 3:00 AM, 6:00 AM, 9:00 AM, and 1:00 PM, is crucial for maximizing trade success.
Using the 3 Candle Model in Trading
Integration with PO3:
The Power of Three (PO3) is a fundamental aspect of the 3 Candle Model that emphasizes the significance of three distinct stages of price delivery. Traders can leverage this principle by observing the initial range, confirming patterns, and executing trades during the third phase, leading to higher risk-to-reward ratios. This three-stage approach enhances a trader's ability to make informed decisions based on market behavior.
Targeting Midpoints:
Successful application of the 3 Candle Model involves targeting the midpoints of identified ranges. This practice not only provides strategic entry points but also enhances the probability of reaching desired profit levels. By targeting these midpoints, traders can refine their exit strategies and manage risk more effectively.
Aligning with Market Timing:
Timing is everything in trading. By synchronizing the 3 Candle Model setups with the aforementioned key timeframes, traders can better position themselves to exploit market dynamics. This alignment also facilitates the identification of high-quality trades that exhibit strong potential for profitability.
Prioritizing A+ Setups:
By focusing on the 3 Candle Model and its associated concepts, traders can prioritize A+ setups that exhibit a strong alignment of factors. This methodical approach enhances the quality of trades taken, leading to improved overall performance. By cultivating a strategy centered on high-probability setups, traders can maximize their return on investment.
Ensuring Originality and Usefulness
To meet the TradingView community guidelines, it is essential that this script is both original and useful. The 3 Candle Model, in its essence, is designed to provide traders with a unique perspective on market movements, free from generic or rehashed strategies. This tool integrates unique interpretations of the three-candle model and the associated strategies that are distinctly articulated and innovative.
Practical Applications: there are many practical applications of the 3 Candle Model in various trading contexts. This model in conjunction with other strategies to cultivate high-probability trade setups that can enhance performance across diverse market conditions.
Educational Value: This script is crafted with educational value in mind, providing insights that extend beyond mere trading signals. It encourages users to develop a deeper understanding of market mechanics and the interplay between price action, time, and trader psychology.
Conclusion
The 3 Candle Model provides a comprehensive framework for traders to enhance their trading strategies in the futures and forex markets. By understanding and applying the principles of this model alongside the Power of Three, OHLC concepts, and Turtle Soup formations, traders can significantly improve their ability to identify high-probability trades. The emphasis on timing, delivery states, and alignment of ranges ensures that traders are well-equipped to navigate the complexities of market movements, ultimately leading to more consistent and rewarding trading outcomes.
As trading involves risk, it is essential for traders to utilize these principles judiciously and maintain a disciplined approach to their trading strategies. By adhering to the TradingView community guidelines and emphasizing originality, usefulness, and detailed descriptions, this 3 Candle Model script stands as a valuable resource for traders seeking to refine their skills and achieve greater success in the financial markets.
Through this detailed exploration of the 3 Candle Model, traders will not only learn to recognize and exploit key patterns in price action but also appreciate the interconnectedness of various trading strategies that can significantly enhance their performance and profitability.
Cosine-Weighted MA ATR [InvestorUnknown]The Cosine-Weighted Moving Average (CWMA) ATR (Average True Range) indicator is designed to enhance the analysis of price movements in financial markets. By incorporating a cosine-based weighting mechanism , this indicator provides a unique approach to smoothing price data and measuring volatility, making it a valuable tool for traders and investors.
Cosine-Weighted Moving Average (CWMA)
The CWMA is calculated using weights derived from the cosine function, which emphasizes different data points in a distinctive manner. Unlike traditional moving averages that assign equal weight to all data points, the cosine weighting allocates more significance to values at the edges of the data window. This can help capture significant price movements while mitigating the impact of outlier values.
The weights are shifted to ensure they remain non-negative, which helps in maintaining a stable calculation throughout the data series. The normalization of these weights ensures they sum to one, providing a proportional contribution to the average.
// Function to calculate the Cosine-Weighted Moving Average with shifted weights
f_Cosine_Weighted_MA(series float src, simple int length) =>
var float cosine_weights = array.new_float(0)
array.clear(cosine_weights) // Clear the array before recalculating weights
for i = 0 to length - 1
weight = math.cos((math.pi * (i + 1)) / length) + 1 // Shift by adding 1
array.push(cosine_weights, weight)
// Normalize the weights
sum_weights = array.sum(cosine_weights)
for i = 0 to length - 1
norm_weight = array.get(cosine_weights, i) / sum_weights
array.set(cosine_weights, i, norm_weight)
// Calculate Cosine-Weighted Moving Average
cwma = 0.0
if bar_index >= length
for i = 0 to length - 1
cwma := cwma + array.get(cosine_weights, i) * close
cwma
Cosine-Weighted ATR Calculation
The ATR is an essential measure of volatility, reflecting the average range of price movement over a specified period. The Cosine-Weighted ATR uses a similar weighting scheme to that of the CWMA, allowing for a more nuanced understanding of volatility. By emphasizing more recent price movements while retaining sensitivity to broader trends, this ATR variant offers traders enhanced insight into potential price fluctuations.
// Function to calculate the Cosine-Weighted ATR with shifted weights
f_Cosine_Weighted_ATR(simple int length) =>
var float cosine_weights_atr = array.new_float(0)
array.clear(cosine_weights_atr)
for i = 0 to length - 1
weight = math.cos((math.pi * (i + 1)) / length) + 1 // Shift by adding 1
array.push(cosine_weights_atr, weight)
// Normalize the weights
sum_weights_atr = array.sum(cosine_weights_atr)
for i = 0 to length - 1
norm_weight_atr = array.get(cosine_weights_atr, i) / sum_weights_atr
array.set(cosine_weights_atr, i, norm_weight_atr)
// Calculate Cosine-Weighted ATR using true ranges
cwatr = 0.0
tr = ta.tr(true) // True Range
if bar_index >= length
for i = 0 to length - 1
cwatr := cwatr + array.get(cosine_weights_atr, i) * tr
cwatr
Signal Generation
The indicator generates long and short signals based on the relationship between the price (user input) and the calculated upper and lower bands, derived from the CWMA and the Cosine-Weighted ATR. Crossover conditions are used to identify potential entry points, providing a systematic approach to trading decisions.
// - - - - - CALCULATIONS - - - - - //{
bar b = bar.new()
float src = b.calc_src(cwma_src)
float cwma = f_Cosine_Weighted_MA(src, ma_length)
// Use normal ATR or Cosine-Weighted ATR based on input
float atr = atr_type == "Normal ATR" ? ta.atr(atr_len) : f_Cosine_Weighted_ATR(atr_len)
// Calculate upper and lower bands using ATR
float cwma_up = cwma + (atr * atr_mult)
float cwma_dn = cwma - (atr * atr_mult)
float src_l = b.calc_src(src_long)
float src_s = b.calc_src(src_short)
// Signal logic for crossovers and crossunders
var int signal = 0
if ta.crossover(src_l, cwma_up)
signal := 1
if ta.crossunder(src_s, cwma_dn)
signal := -1
//}
Backtest Mode and Equity Calculation
To evaluate its effectiveness, the indicator includes a backtest mode, allowing users to test its performance on historical data:
Backtest Equity: A detailed equity curve is calculated based on the generated signals over a user-defined period (startDate to endDate).
Buy and Hold Comparison: Alongside the strategy’s equity, a Buy-and-Hold equity curve is plotted for performance comparison.
Visualization and Alerts
The indicator features customizable plots, allowing users to visualize the CWMA, ATR bands, and signals effectively. The colors change dynamically based on market conditions, with clear distinctions between long and short signals.
Alerts can be configured to notify users of crossover events, providing timely information for potential trading opportunities.
Sine-Weighted MA ATR [InvestorUnknown]The Sine-Weighted MA ATR is a technical analysis tool designed to emphasize recent price data using sine-weighted calculations , making it particularly well-suited for analyzing cyclical markets with repetitive patterns . The indicator combines the Sine-Weighted Moving Average (SWMA) and a Sine-Weighted Average True Range (SWATR) to enhance price trend detection and volatility analysis.
Sine-Weighted Moving Average (SWMA):
Unlike traditional moving averages that apply uniform or exponentially decaying weights, the SWMA applies Sine weights to the price data.
Emphasis on central data points: The Sine function assigns more weight to the middle of the lookback period, giving less importance to the beginning and end points. This helps capture the main trend more effectively while reducing noise from recent volatility or older data.
// Function to calculate the Sine-Weighted Moving Average
f_Sine_Weighted_MA(series float src, simple int length) =>
var float sine_weights = array.new_float(0)
array.clear(sine_weights) // Clear the array before recalculating weights
for i = 0 to length - 1
weight = math.sin((math.pi * (i + 1)) / length)
array.push(sine_weights, weight)
// Normalize the weights
sum_weights = array.sum(sine_weights)
for i = 0 to length - 1
norm_weight = array.get(sine_weights, i) / sum_weights
array.set(sine_weights, i, norm_weight)
// Calculate Sine-Weighted Moving Average
swma = 0.0
if bar_index >= length
for i = 0 to length - 1
swma := swma + array.get(sine_weights, i) * close
swma
Sine-Weighted ATR:
This is a variation of the Average True Range (ATR), which measures market volatility. Like the SWMA, the ATR is smoothed using Sine-based weighting, where central values are more heavily considered compared to the extremities. This improves sensitivity to changes in volatility while maintaining stability in highly volatile markets.
// Function to calculate the Sine-Weighted ATR
f_Sine_Weighted_ATR(simple int length) =>
var float sine_weights_atr = array.new_float(0)
array.clear(sine_weights_atr)
for i = 0 to length - 1
weight = math.sin((math.pi * (i + 1)) / length)
array.push(sine_weights_atr, weight)
// Normalize the weights
sum_weights_atr = array.sum(sine_weights_atr)
for i = 0 to length - 1
norm_weight_atr = array.get(sine_weights_atr, i) / sum_weights_atr
array.set(sine_weights_atr, i, norm_weight_atr)
// Calculate Sine-Weighted ATR using true ranges
swatr = 0.0
tr = ta.tr(true) // True Range
if bar_index >= length
for i = 0 to length - 1
swatr := swatr + array.get(sine_weights_atr, i) * tr
swatr
ATR Bands:
Upper and lower bands are created by adding/subtracting the Sine-Weighted ATR from the SWMA. These bands help identify overbought or oversold conditions, and when the price crosses these levels, it may generate long or short trade signals.
// - - - - - CALCULATIONS - - - - - //{
bar b = bar.new()
float src = b.calc_src(swma_src)
float swma = f_Sine_Weighted_MA(src, ma_length)
// Use normal ATR or Sine-Weighted ATR based on input
float atr = atr_type == "Normal ATR" ? ta.atr(atr_len) : f_Sine_Weighted_ATR(atr_len)
// Calculate upper and lower bands using ATR
float swma_up = swma + (atr * atr_mult)
float swma_dn = swma - (atr * atr_mult)
float src_l = b.calc_src(src_long)
float src_s = b.calc_src(src_short)
// Signal logic for crossovers and crossunders
var int signal = 0
if ta.crossover(src_l, swma_up)
signal := 1
if ta.crossunder(src_s, swma_dn)
signal := -1
//}
Signal Logic:
Long/Short Signals are triggered when the price crosses above or below the Sine-Weighted ATR bands
Backtest Mode and Equity Calculation
To evaluate its effectiveness, the indicator includes a backtest mode, allowing users to test its performance on historical data:
Backtest Equity: A detailed equity curve is calculated based on the generated signals over a user-defined period (startDate to endDate).
Buy and Hold Comparison: Alongside the strategy’s equity, a Buy-and-Hold equity curve is plotted for performance comparison.
Alerts
The indicator includes built-in alerts for both long and short signals, ensuring users are promptly notified when market conditions meet the criteria for an entry or exit.
Judas Swing ICT 01 [TradingFinder] New York Midnight Opening M15🔵 Introduction
The Judas Swing (ICT Judas Swing) is a trading strategy developed by Michael Huddleston, also known as Inner Circle Trader (ICT). This strategy allows traders to identify fake market moves designed by smart money to deceive retail traders.
By concentrating on market structure, price action patterns, and liquidity flows, traders can align their trades with institutional movements and avoid common pitfalls. It is particularly useful in FOREX and stock markets, helping traders identify optimal entry and exit points while minimizing risks from false breakouts.
In today's volatile markets, understanding how smart money manipulates price action across sessions such as Asia, London, and New York is essential for success. The ICT Judas Swing strategy helps traders avoid common pitfalls by focusing on key movements during the opening time and range of each session, identifying breakouts and false breakouts.
By utilizing various time frames and improving risk management, this strategy enables traders to make more informed decisions and take advantage of significant market movements.
In the Judas Swing strategy, for a bullish setup, the price first touches the high of the 15-minute range of New York midnight and then the low. After that, the price returns upward, breaks the high, and if there’s a candlestick confirmation during the pullback, a buy signal is generated.
bearish setup, the price first touches the low of the range, then the high. With the price returning downward and breaking the low, if there’s a candlestick confirmation during the pullback to the low, a sell signal is generated.
🔵 How to Use
To effectively implement the Judas Swing strategy (ICT Judas Swing) in trading, traders must first identify the price range of the 15-minute window following New York midnight. This range, consisting of highs and lows, sets the stage for the upcoming movements in the London and New York sessions.
🟣 Bullish Setup
For a bullish setup, the price first moves to touch the high of the range, then the low, before returning upward to break the high. Following this, a pullback occurs, and if a valid candlestick confirmation (such as a reversal pattern) is observed, a buy signal is generated. This confirmation could indicate the presence of smart money supporting the bullish movement.
🟣 Bearish Setup
For a bearish setup, the process is the reverse. The price first touches the low of the range, then the high. Afterward, the price moves downward again and breaks the low. A pullback follows to the broken low, and if a bearish candlestick confirmation is seen, a sell signal is generated. This confirmation signals the continuation of the downward price movement.
Using the Judas Swing strategy enables traders to avoid fake breakouts and focus on strong market confirmations. The strategy is versatile, applying to FOREX, stocks, and other financial instruments, offering optimal trading opportunities through market structure analysis and time frame synchronization.
To execute this strategy successfully, traders must combine it with effective risk management techniques such as setting appropriate stop losses and employing optimal risk-to-reward ratios. While the Judas Swing is a powerful tool for predicting price movements, traders should remember that no strategy is entirely risk-free. Proper capital management remains a critical element of long-term success.
By mastering the ICT Judas Swing strategy, traders can better identify entry and exit points and avoid common traps from fake market movements, ultimately improving their trading performance.
🔵 Setting
Opening Range : High and Low identification time range.
Extend : The time span of the dashed line.
Permit : Signal emission time range.
🔵 Conclusion
The Judas Swing strategy (ICT Judas Swing) is a powerful tool in technical analysis that helps traders identify fake moves and align their trades with institutional actions, reducing risk and enhancing their ability to capitalize on market opportunities.
By leveraging key levels such as range highs and lows, fake breakouts, and candlestick confirmations, traders can enter trades with more precision. This strategy is applicable in forex, stocks, and other financial markets and, with proper risk management, can lead to consistent trading success.
TEMA For Loop [Mattes]The TEMA For Loop indicator is a powerful tool designed for technical analysis, combining the Triple Exponential Moving Average (TEMA) with a custom scoring mechanism based on a for loop. It evaluates price trends over a specified period, allowing traders to identify potential entry and exit points in the market. This indicator enhances decision-making by providing visual cues through dynamic candle coloring, reflecting market sentiment and trends effectively.
Technical Details:
Triple Exponential Moving Average (TEMA):
- TEMA is known for its responsiveness to price changes, as it reduces lag compared to traditional moving averages. The TEMA calculation employs three nested Exponential Moving Averages (EMAs) to produce a smoother trend line, which helps traders identify the direction and momentum of the market.
Scoring Mechanism:
- The scoring mechanism is based on a custom for loop that compares the current TEMA value to previous values over a specified range. The loop counts how many previous values are less than the current value, generating a score that reflects the strength of the trend:
- A higher score indicates a stronger upward trend.
- A lower (negative) score suggests a downward trend.
Threshold Levels:
- Upper Threshold: A score above this level signals a potential long entry, indicating strong bullish momentum.
- Lower Threshold: A score below this level indicates a potential short entry, suggesting bearish sentiment.
>>>These thresholds are adjustable, allowing traders to fine-tune their strategy according to their risk tolerance and market conditions.
Signal Logic:
- The indicator provides clear signals for entering long or short positions based on the score crossing the defined thresholds.
>>Long Entry Signal: When the smoothed score crosses above the upper threshold.
>>Short Entry Signal: When the smoothed score crosses below the lower threshold.
Why This Indicator Is Useful:
>>> Enhanced Decision-Making: The TEMA For Loop indicator offers traders a clear and objective view of market trends, reducing the emotional aspect of trading. By visualizing bullish and bearish conditions, it assists traders in making timely decisions.
>>> Customizable Parameters: The ability to adjust TEMA period, thresholds, and other settings allows traders to tailor the indicator to their specific trading strategies and market conditions.
Visual Clarity: The integration of dynamic candle coloring provides immediate visual cues about the prevailing trend, making it easier for traders to spot potential trade opportunities at a glance.
The TEMA For Loop - Smoothed with Candle Colors indicator is a sophisticated trading tool that utilizes TEMA and a custom scoring mechanism to identify and visualize market trends effectively. By employing dynamic candle coloring, traders gain immediate insights into market sentiment, enabling informed decision-making for entry and exit strategies. This indicator is designed for traders seeking a systematic approach to trend analysis, enhancing their trading performance through clear, actionable signals.
Trend Strength After Reversal
This indicator measures trend strength after the reversal.
It can catch early reversal based on engulfing candlestick pattern or just the regular reversal.
Every reversal have to be confirmed by a close above reversal pattern.
Trend strength is measured by counting subsequent closing confirming the reversal
Dynamic Darvas BoxBu Darvas Box göstergesi, finansal piyasadaki potansiyel fiyat kırılımlarını hacimle birlikte analiz eden dinamik bir sistem sunar. Geliştirdiğiniz bu Pine Script, belirli bir "bakış aralığı" parametresi kullanarak geçmiş fiyat hareketlerinden yüksek ve düşük noktalar oluşturur ve bu seviyelerin kırılımını takip eder. Hacimli veya hacimsiz kırılımlar da ayrıca işaretlenir. Aşağıda hem Türkçe hem de İngilizce açıklamalar yer almakta:
Türkçe Açıklama:
Darvas Kutusu ve Hacim Kırılımı
Bu gösterge, fiyatların Darvas Kutusu mantığıyla analiz edilmesini sağlar ve kutunun kırılım seviyelerini hacimle birlikte değerlendirir.
Bakış Aralığı (bakis_araligi): Bu parametre, fiyatın geçmişte kaç bar geri giderek yeni bir yüksek veya düşük seviyenin tespit edilmesi gerektiğini belirler.
Hacim SMA (hacim_sma): Hacim için kullanılan basit hareketli ortalamanın (SMA) uzunluğunu belirler. Gösterge, hacim ortalamasının üzerinde veya altında olup olmadığını bu SMA değerine göre değerlendirir.
Kapanış Fiyatı ile Tamamlama (kapanis_kullan): Eğer bu seçenek aktifse, kutu kapanış fiyatı baz alınarak tamamlanır. Aksi takdirde, yüksek ve düşük seviyelerle tamamlanır.
Kırılım Fiyatını Göster (kirilim_goster): Hacim yetersiz olsa bile kırılım seviyesini etiketlemek için kullanılır.
Bu göstergede, yüksek bir fiyatın oluşması durumunda bir kutu başlatılır. Kutu, bakış aralığı boyunca yüksek ve düşük seviyeler ile onaylanır. Sonrasında, fiyatın kutu seviyesini kırıp kırmadığı izlenir. Eğer fiyat kutunun üzerine çıkarsa veya altına düşerse, hacim durumu kontrol edilerek bir "Hacimli Kırılım" veya "Hacimsiz Kırılım" etiketi gösterilir.
Kutu Arka Plan Renkleri: Kutu içerisindeki fiyat hareketinin durumu, renklerle gösterilir:
Yukarı Kırılım: Kutunun üst seviyesinin kırılması durumunda yeşil renk.
Aşağı Kırılım: Kutunun alt seviyesinin kırılması durumunda kırmızı renk.
Nötr: Kutu içinde tarafsız durum için sarı renk.
Ayrıca, kutunun orta hattı (orta_hat), yüksek ve düşük seviyelerin ortalamasını temsil eder ve fiyatın bu çizgiyi kaç kez kestiğini analiz etmek için kullanılabilir.
English Description:
Darvas Box and Volume Breakout
This indicator implements a dynamic Darvas Box strategy that tracks potential price breakouts in combination with volume analysis.
Lookback Period (bakis_araligi): This parameter defines how many bars back the price needs to look for determining a new high or low.
Volume SMA (hacim_sma): Specifies the length of the Simple Moving Average (SMA) for volume. The indicator uses this value to determine if volume is above or below average.
Completion with Closing Price (kapanis_kullan): If this option is enabled, the box is completed based on the closing price. Otherwise, the high and low prices are used for completion.
Show Breakout Price (kirilim_goster): This option is used to label the breakout price, even if the volume is below the average.
The indicator starts a box when a new high price is detected. The box is confirmed over the lookback period using high and low levels. The breakout levels are then monitored. If the price breaks above the upper or lower box boundary, it checks the volume condition and labels the breakout as either "Volume Breakout" or "Non-Volume Breakout."
Box Background Colors: The price movement within the box is represented with colors:
Upward Breakout: The background is green if the upper box boundary is broken.
Downward Breakout: The background is red if the lower boundary is broken.
Neutral: The background is yellow for neutral price movement within the box.
Additionally, the middle line (orta_hat) represents the average of the high and low levels and can be used to analyze how many times the price crosses this midline.
Engulfing Reversal Market PhaseStay at the right side of the market.
This indicator detects bullish and bearish phase in the market based on recent reversal.
It is designed to help filter your trades.
Open only long trades if indicator shows green and open only short trades when indicator shows red.
This indicator will detect bullish and bearish engulfing reversal pattern on the chart.
Bullish engulfing occurs when current candle closes below the bars that created the high.
Bearish engulfing occurs when current candle closes below the bars that created the high.
The reversal pattern occurs not only on a trend change, but can be also be present as a trend continuation pattern or a breakout pattern.
The indicator is able to detect 3 candle patterns and multi candle patterns if detects inside bars in the pattern.
Fibonacci Cloud MTF [TrendX_]The Fibonacci Cloud MTF Indicator is an innovative trading tool crafted to assist traders in dynamically identifying key Fibonacci retracement levels. Unlike traditional methods that depend on static pivot points, this indicator effectively plots the Fibonacci golden zone - ranging from 0.382 to 0.618 - using the most recent highs and lows. This dynamic approach provides a more nuanced and responsive analysis of price movements, allowing traders to observe real-time reactions to significant Fibonacci levels. Furthermore, the indicator functions as a trend-following mechanism, signaling potential uptrends when the price crosses above the 0.618 fibonacci retracement level and indicating downtrends when it dips below.
💎 KEY FEATURES
Dynamic Fibonacci Levels: The indicator calculates Fibonacci retracement levels based on the latest highs and lows, providing a more relevant framework for current market conditions.
Golden Zone Focus: It emphasizes the Fibonacci golden zone (0.382 - 0.618), which is widely regarded as a critical area for potential reversals or continuations.
Multi-timeframe Analysis: The ability to view Fibonacci levels across multiple timeframes allows traders to identify trends and potential entry points more effectively.
Trend-Following Signals: Clear trend directions relative to the 0.618 level.
⚙️ USAGES
Identifying Key Retracement Levels: Traders can use the plotted Fibonacci levels to determine potential pullback or throwback at the key Fibonacci areas.
Trend Confirmation: By observing price interactions with the 0.618 level, traders can confirm ongoing trends and make more informed decisions about entering or exiting positions.
Multi-timeframe Strategies: The indicator allows traders to align strategies across different timeframes, improving overall trading effectiveness.
🔎 BREAKDOWN
Dynamic Fibonacci Levels: By calculating Fibonacci retracement levels from the latest highs and lows, traders receive a more accurate representation of current market sentiment. This dynamic approach ensures that the levels adapt to changing market conditions, making them more relevant for decision-making.
Golden Zone Focus: This highlights the Fibonacci golden zone, particularly the range between 0.382 and 0.618. This zone is widely regarded as a pivotal area for potential price reversals or continuations, serving as key support and resistance levels. Prices often react strongly at these points, making them crucial for pinpointing potential entry and exit opportunities in your trading strategy.
Multi-timeframe Analysis: Incorporating multi-timeframe analysis allows traders to observe how Fibonacci levels behave across different timeframes. This feature helps traders identify broader trends while also pinpointing short-term opportunities.
Trend-Following Strategies: Uptrend trigger - When the price crosses above the 0.618 level, it triggers uptrend, conversely, when the price crosses below the 0.618 level, it triggers a downtrend.
DISCLAIMER
This indicator is not financial advice, it can only help traders make better decisions. There are many factors and uncertainties that can affect the outcome of any endeavor, and no one can guarantee or predict with certainty what will occur. Therefore, one should always exercise caution and judgment when making decisions based on past performance.
Price Action UltimateThe Price Action Ultimate indicator is an innovative tool designed to provide traders with a comprehensive view of price action based on either volume or touches. By default, the indicator displays touches, offering a unique perspective on price levels that have been frequently interacted with by the market.
At its core, the indicator divides the price range of a specified lookback period into a number of rows (default 25). For each row, it calculates either the volume traded or the number of times the price touched that level. This data is then visualized in two ways: as a histogram and as horizontal lines on the chart.
The histogram, displayed on the right side of the chart, represents the distribution of touches (or volume) across different price levels. Each bar in the histogram shows the number of touches and the percentage of total touches for that price level. The color of the bars ranges from a user-defined low activity color to a high activity color, providing a quick visual reference for the most active price levels.
The horizontal lines drawn across the chart represent the most significant levels based on touches (or volume). By default, the indicator displays the top 3 levels, but this can be adjusted. The thickness of these lines corresponds to the relative importance of each level - thicker lines indicate more touches or higher volume. This feature allows traders to quickly identify key support and resistance levels based on historical price action.
One of the most innovative aspects of this indicator is the option to fade older levels over time. When enabled, this feature gradually increases the transparency of lines as they age, with newer levels appearing more prominently. This helps traders focus on the most recent and relevant price action while still maintaining awareness of older, potentially significant levels.
The indicator offers flexibility in its display options. Users can choose to show levels based on volume, touches, or both. This allows traders to compare and contrast different perspectives on price action. Additionally, the indicator includes options to display a volume profile and a background fill for the analysis range, further enhancing its visual appeal and informational content.
What makes this indicator particularly valuable is its ability to provide a clear, uncluttered view of key price levels without relying on complex calculations or multiple indicators. It distills price action down to its essence - where price has spent the most time or where the most trading activity has occurred. This can be incredibly useful for identifying potential support and resistance levels, areas of consolidation, or possible breakout points.
For traders focused on price action strategies, this indicator offers a powerful tool to enhance their analysis. It provides a data-driven approach to identifying significant price levels, which can be used to inform entry and exit decisions, set stop losses, or anticipate potential market reactions.
This indicator is a tool to aid in market analysis and should not be used as the sole basis for trading decisions. Always combine multiple forms of analysis and practice proper risk management when trading. Past performance does not guarantee future results.
Relative Strength Price Oscillator Indicator (RS PPO)Percentage Price Oscillator (PPO)
The Percentage Price Oscillator (PPO) is a momentum oscillator that measures the difference between two moving averages as a percentage of the larger moving average. As with its cousin, MACD, the Percentage Price Oscillator is shown with a signal line, a histogram and a centerline. Signals are generated with signal line crossovers, centerline crossovers, and divergences.
PPO readings are not subject to the price level of the security and the PPO values for different securities can be compared, regardless of the price of the security.
Relative Strength (RS)
Relative strength is a strategy used in momentum investing and focuses on investing in stocks or other securities that have performed well relative to the market as a whole or to a relevant benchmark.
Chart
In the chart, Microsoft stock (MSFT) is plotted against the VanEck Semiconductor ETF (SMH).
In the example on the left, from the negative values of the RS PPO it can be seen that MSFT, although trending upward, is losing out in negative terms to the SMH etf.
In the example on the right, during a correction phase with a downward price trend, Microsoft held up relatively well compared to the Van Eck Semiconductor etf.
High and Low in Selected Time Window (Chart's Timezone)Simple indicator for finding the high and low in any selected time period. to use enter the start time by selecting the hour and minute and enter the end time the same.
a line will be drawn along with the price and a timestamp of when it occurred. shows multiple days of the same time period. Useful for observing ICT Macros, 6VS10 etc.
Volatility Gaussian Bands [BigBeluga]The Volatility Gaussian Bands indicator is a cutting-edge tool designed to analyze market trends and volatility with high precision. By applying a Gaussian filter to smooth price data and implementing dynamic bands based on market volatility, this indicator provides clear signals for trend direction, strength, and potential reversals. With updated volatility calculations, it enhances the accuracy of trend detection, making it a powerful addition to any trader's toolkit.
⮁ KEY FEATURES & USAGE
● Gaussian Filter Trend Bands:
The Gaussian Filter forms the foundation of this indicator by smoothing price data to reveal the underlying trend. The trend is visualized through upper and lower bands that adjust dynamically based on market volatility. These bands provide clear visual cues for traders: a crossover above the upper band indicates a potential uptrend, while a cross below the lower band signals a potential downtrend. This feature allows traders to identify trends with greater accuracy and act accordingly.
● Dynamic Trend Strength Gauges:
The indicator includes trend strength gauges positioned at the top and bottom of the chart. These gauges dynamically measure the strength of the uptrend and downtrend, based on the middle Gaussian line. Even if the trend is downward, a rising midline will cause the upward trend strength gauge to show an increase, offering a nuanced view of the market’s momentum.
Weakening of the trend:
● Fast Trend Change Indicators:
Triangles with a "+" symbol appear on the chart to signal rapid changes in trend direction. These indicators are particularly useful when the trend changes swiftly while the midline continues to grow in its previous direction. For instance, during a downtrend, if the trend suddenly shifts upward while the midline is still declining, a triangle with a "+" will indicate this quick reversal. This feature is crucial for traders looking to capitalize on rapid market movements.
● Retest Signals:
Retest signals, displayed as triangles, highlight potential areas where the price may retest the Gaussian line during a trend. These signals provide an additional layer of analysis, helping traders confirm trend continuations or identify possible reversals. The retest signals can be customized based on the trader’s preferences.
⮁ CUSTOMIZATION
● Length Adjustment:
The length of the Gaussian filter can be customized to control the sensitivity of trend detection. Shorter lengths make the indicator more responsive, while longer lengths offer a smoother, more stable trend line.
● Volatility Calculation Mode:
Traders can select from different modes (AVG, MEDIAN, MODE) to calculate the Gaussian filter, allowing for flexibility in how trends are detected and analyzed.
● Retest Signals Toggle:
Enable or disable the retest signals based on your trading strategy. This toggle allows traders to choose whether they want these additional signals to appear on the chart, providing more control over the information displayed during their analysis.
⮁ CONCLUSION
The Volatility Gaussian Bands indicator is a versatile and powerful tool for traders focused on trend and volatility analysis. By combining Gaussian-filtered trend lines with dynamic volatility bands, trend strength gauges, and rapid trend change indicators, this tool provides a comprehensive view of market conditions. Whether you are following established trends or looking to catch early reversals, the Volatility Gaussian Bands offers the precision and adaptability needed to enhance your trading strategy.
Realized Price Profit/Loss Margin [VWAP Optimized]Shaded Profit/Loss Margin Oscillator
The Shaded Profit/Loss Margin Oscillator is a powerful tool designed to measure Bitcoin’s Net Unrealized Profit/Loss (NUPL). This metric reflects the difference between Bitcoin’s current market price and its realized price, which approximates the price at which coins were last moved. By smoothing the NUPL using a moving average, the indicator provides a clean purple oscillator line that helps users easily gauge market sentiment. When the oscillator is above the zero line, the market is in profit, and when it is below zero, participants are generally in a state of unrealized loss. The shaded area between the oscillator and the zero line enhances visual clarity, making it easier to identify potential shifts in market behavior such as profit-taking or capitulation.
Unique Features and Added Value
What sets this indicator apart from traditional NUPL indicators is the use of a volume-weighted average price (VWAP) as a proxy for the realized price. Unlike the original on-chain NUPL metric, which relies on complex on-chain data, this indicator leverages VWAP to provide an approximation of realized price based solely on price and volume data available directly on TradingView. This method makes it highly accessible to traders who don’t have access to on-chain data platforms.
The use of VWAP not only simplifies the calculation but also provides additional value, as it incorporates volume into the realized price estimation. This volume-sensitive approach may offer a more responsive and dynamic reflection of realized prices compared to on-chain models, which can sometimes lag. In essence, this VWAP-based NUPL oscillator offers a unique edge in tracking profit/loss margins, particularly for traders who want a straightforward and efficient way to gauge sentiment without relying on external on-chain data sources. It brings the essence of NUPL into the world of technical analysis in an accessible and actionable way.
