SMC Market Matrix [FxcAlgo]SMC Market Matrix
Unlock the power of Smart Money Concepts with a complete trading toolkit.
The SMC Market Matrix is a comprehensive trading indicator designed to automate the identification of critical price action concepts and liquidity zones in real-time. Built to support traders leveraging Smart Money Concepts (SMC), this all-in-one tool enables precise analysis of market structure, liquidity levels, order blocks, premium/discount zones, and more. Its advanced features simplify complex trading strategies, making SMC methodologies accessible and actionable for all traders.
🔶 Core Features
Real-Time Market Structure Analysis:
* Break of Structure (BOS): Identifies continuation of market trends.
* Change of Character (CHoCH): Detects shifts in trend direction for reversal opportunities.
* Internal & Swing Structures: Displays both small-scale (internal) and large-scale (swing) BOS/CHoCH for a multi-dimensional view of market movements.
Order Blocks:
* Internal Order Blocks: Highlights smaller, frequently occurring liquidity zones.
* Swing Order Blocks: Marks larger institutional liquidity levels that signal potential areas of interest for entries or exits.
* Tracks mitigation of order blocks in real-time, ensuring only actionable levels are displayed.
Liquidity Zones:
* Equal Highs & Lows (EQH/EQL): Automatically detects zones where liquidity is concentrated, indicating potential reversal points.
* Fair Value Gaps (FVG): Highlights imbalanced price areas for targeting retracements or continuations.
Premium/Discount Zones:
* Automatically calculates premium (overpriced) and discount (underpriced) zones, allowing traders to evaluate the best price levels for entries or exits.
Previous Highs & Lows:
* Displays significant levels from daily, weekly, and monthly timeframes to identify key historical price points.
🔶 Why Use the SMC Market Matrix?
* Simplifies Complexity: Automatically applies SMC methodologies, eliminating the need for manual charting.
* Comprehensive Visualization: Displays real-time insights into market structure, liquidity, and price action in an intuitive format.
* Customizable for Precision: Tailor the settings to align with your trading style and focus on the most relevant signals.
* All Markets Supported: Effective across forex, crypto, stocks, and commodities.
🔶 Settings and Customization
Market Structure:
* Mode: Choose between Historical (default) or Present for recent data visualization.
* Internal Structure: Enable/disable internal BOS and CHoCH labels with dashed lines.
* Swing Structure: Display larger swing structure levels with solid lines for clarity.
Order Blocks:
* Internal & Swing Blocks: Customize the number of visible order blocks for actionable insights.
* Mitigation Logic: Automatically removes mitigated order blocks to declutter the chart.
Liquidity Zones:
* Equal Highs & Lows (EQH/EQL): Adjust bar confirmation settings for precision.
* Fair Value Gaps (FVG): Filter out non-significant gaps using an automatic threshold.
Premium/Discount Zones:
* Visualize premium, discount, and equilibrium levels on the chart.
🔶 How It Works
1. Market Structure Detection: Identifies BOS and CHoCH levels to outline the current trend and potential reversals.
2. Liquidity Zones & Order Blocks: Highlights high-probability trading zones using institutional trading principles.
3. Premium/Discount Analysis: Automatically calculates key zones to optimize entry and exit points.
4. Fair Value Gaps: Pinpoints imbalances in price action to target retracements or continuations.
Conclusion
The SMC Market Matrix integrates all essential Smart Money Concepts into a single, easy-to-use indicator. By automating the charting process and providing real-time insights, it empowers traders to focus on execution rather than analysis. While based on SMC principles popularized within the trading community, this tool is designed to enhance any trader’s strategy with objective and actionable data.
Start using SMC Market Matrix today and elevate your trading to the institutional level!
Trend Analysis
Candle 1 2 3 on XAUUSD (by Veronica)Description
Discover the Candle 1 2 3 Strategy, a simple yet effective trading method tailored exclusively for XAUUSD on the 15-minute timeframe. Designed by Veronica, this strategy focuses on identifying key reversal and continuation patterns during the London and New York sessions, making it ideal for traders who prioritise high-probability entries during these active market hours.
Key Features:
1. Session-Specific Trading:
The strategy operates strictly during London (03:00–06:00 UTC) and New York (08:30–12:30 UTC) sessions, where XAUUSD tends to show higher volatility and clearer price movements.
Pattern Criteria:
- Works best if the first candle is NOT a pin bar or a doji.
- Third candle should either:
a. Be a marubozu (large body with minimal wicks).
a. Have a significant body with wicks, ensuring the close of the third candle is above Candle 2 (for Buy) or below Candle 2 (for Sell).
Callout Labels and Alerts:
Automatic Buy and Sell labels are displayed on the chart during qualifying sessions, ensuring clarity for decision-making.
Integrated alerts notify you of trading opportunities in real-time.
Risk Management:
Built-in Risk Calculator to estimate lot sizes based on your account size, risk percentage, and stop-loss levels.
Customizable Table:
Displays your calculated lot size for various stop-loss pip values, making risk management seamless and efficient.
How to Use:
1. Apply the indicator to XAUUSD (M15).
2. Focus on setups appearing within the London and New York sessions only.
3. Ensure the first candle is neither a pin bar nor a doji.
4. Validate the third candle's body placement:
For a Buy, the third candle’s close must be above the second candle.
For a Sell, the third candle’s close must be below the second candle.
5. Use the generated alerts to streamline your entry process.
Notes:
This strategy is meant to complement your existing knowledge of market structure and price action.
Always backtest thoroughly and adjust parameters to fit your personal trading style and risk tolerance.
Credit:
This strategy is the intellectual property of Veronica, developed specifically for XAUUSD (M15) traders seeking precision entries during high-volume sessions.
Parsh_Momentum with MACD FlagsThe "Momentum with MACD Flags" indicator combines momentum analysis and MACD to help identify trading opportunities. The momentum line shows the price change over a specified period, turning green when crossing above zero (bullish) and red when crossing below zero (bearish). It is plotted continuously with key levels at 0, 25, -25, 85, and -85 to indicate momentum strength. Labels showing "MACD+" or "MACD-" appear when the MACD line crosses above or below the signal line, providing confirmation of trend direction. This indicator is useful for swing traders looking for entry and exit signals
Eden dos Traders - @chrismoreira.spEsse indicador recebe o nome de Eden dos Traders em homenagem ao conceito e estratégia desenvolvida pelo mestre em trading Alexandre Wolwacz conhecido no mercado como Stormer.
O conceito de Eden dos Traders se resume em ser a zona perfeita de ser operada em uma tendência, momento em que temos as principais médias do mercado alinhadas, deixando um caminho livre de suportes / resistências para que o trader tenha a possibilidade de surfar movimentos de tendência no gráfico.
Basicamente, as médias presentes nesse indicador serão pintadas de verde quando estiverem curvadas para cima, e de vermelho quando estiverem curvadas para baixo. Se a média estiver lateralizada, ficará pintada de amarelo.
Espero que gostem e façam bom uso!
Price and Volume Divergence Analyzer
How to Use the Indicator
Main Purpose:
Identify divergences between price movement, the volume line, and the weighted volume line to predict potential reversals.
Volume Line Explanation:
At zero: Equal buying and selling volume.
At 1: Double the buying volume vs. selling.
At -1: Double the selling volume vs. buying.
Divergence:
Price rising, volume line falling: Sellers offloading to buyers—likely reversal downward.
Price falling, volume line rising: Buyers stepping in—likely reversal upward.
Higher/Lower Volume Movement Line:
At zero: Equal volume required for price movement.
At 1: High efficiency—half the volume needed to move price.
At -1: Low efficiency—double the volume needed to move price.
Above volume line: Movement aligns with efficient volume.
Below volume line: Inefficient price movement.
Candle Fill Colors:
Shaded based on whether the current close is higher or lower than the previous close.
Settings Overview
EMA Settings:
Timeframe Selection:
Use a lower timeframe than your chart for accuracy. Avoid selecting a timeframe higher than your chart.
EMA Length Option:
Default: Sets lengths automatically (EMA = 14, EMA of EMA = 3).
User Input: Allows custom EMA length.
Calculation Type:
EMA: Standard exponential moving average.
EMA of EMA: Applies EMA three times for smoother values.
Volume Line Settings:
Line Width: Adjust thickness.
Colors:
More Buying: Green (default).
More Selling: Red (default).
Higher/Lower Volume Movement Line:
Line Width: Adjust thickness.
Colors:
Higher Volume Movement: Indicates higher volume required.
Lower Volume Movement: Indicates lower volume required.
Up/Down Candle Fill:
Colors:
Up Candle: Green (default).
Down Candle: Red (default).
Transparency: Adjust percentage for visibility.
Balance Line Settings:
Line Width and Color: Equilibrium line showing equal buying/selling volume at zero.
Core Price Action ICT Tools [FxcAlgo]Core Price Action ICT Tools
Core Price Action ICT Tools is an advanced trading indicator built on Institutional Concepts of Trading (ICT), specifically designed for traders who rely on price action analysis. It seamlessly identifies market structure shifts, order and breaker blocks, liquidity levels, liquidity voids, and swing points in real-time, offering a robust framework for understanding market dynamics.
This tool is unique in its exclusive reliance on pure price action, eliminating the need for user-defined inputs, ensuring consistent and objective analysis.
🔶 Market Structures
A Market Structure Shift (MSS) or Change of Character (CHoCH) signals a potential reversal in market sentiment. This occurs when the price transitions from a prevailing trend, identified by key patterns such as higher lows in a downtrend or lower highs in an uptrend.
A Break of Structure (BOS) confirms trend continuation, marked by the price moving beyond previous swing highs or lows. In an uptrend, BOS indicates strength as the price surpasses previous highs, and in a downtrend, it signals continued bearish momentum as it breaks below previous lows.
Market structure levels, whether MSS or BOS, can also serve as liquidity zones or areas of consolidation. Traders should use these signals cautiously, confirming them with other elements of the tool before making decisions.
🔶 Order & Breaker Blocks
Order Blocks represent price zones where significant institutional buying or selling has occurred. These areas often act as key levels of support or resistance, helping traders anticipate potential reversals.
Breaker Blocks, on the other hand, form when a reversal breaks the prevailing market structure. These blocks highlight areas where price encounters major resistance or support, leading to a structural shift.
By identifying these critical areas, the tool provides traders with actionable insights into market sentiment and potential turning points.
🔶 Buy-Side & Sell-Side Liquidity
Liquidity levels represent zones where significant buying or selling interest is concentrated.
* Buy-Side Liquidity: Indicates areas where stop orders and buy limit orders are clustered above the current price.
* Sell-Side Liquidity: Highlights areas below the current price with concentrated sell-side interest.
Understanding these liquidity zones enables traders to anticipate price movement, as these levels often act as magnets for price action.
🔶 Liquidity Voids
Liquidity Voids are price areas characterized by minimal trading activity. These gaps, resulting from rapid price movements, often lead to increased volatility when revisited. By identifying these voids, traders can better anticipate sharp price movements and adjust their strategies accordingly.
🔶 Swing Points
Swing points are pivotal for determining trends and trade opportunities:
* Swing Highs: Price peaks surrounded by lower highs.
* Swing Lows: Price troughs surrounded by higher lows.
This tool identifies short-term, intermediate-term, and long-term swing points using a multi-tier detection method. Swing points provide foundational insights for determining market structure, liquidity levels, and order blocks.
🔶 Settings
🔹 Market Structures:
* Detection Options: Short-term, intermediate-term, and long-term.
* Customizable Labels and Lines: Tailor visibility and style.
🔹 Order & Breaker Blocks:
* Display Customization: Toggle bullish or bearish blocks.
* Candle Body or Full Range: Choose block definition.
🔹 Liquidity Levels:
* Sensitivity Settings: Adjust detection margin.
* Visible Levels: Control the number of zones displayed.
🔹 Liquidity Voids:
* Threshold Multiplier: Adjust detection sensitivity based on ATR.
* Mode Selection: Historical or real-time void analysis.
🔹 Swing Points:
* Customizable Detection: Adjust detection criteria for swing levels.
* Label Size and Visibility: Optimize display for clarity.
Core Price Action ICT Tools equips traders with the ability to decode price movements with precision. It’s the ultimate companion for traders seeking a clear, objective framework rooted in ICT principles.
Subscribe to gain exclusive access to this invite-only tool and elevate your trading game today.
Golden Market Navigator [FxcAlgo]Golden Market Navigator
Your ultimate guide to precision trading.
The Golden Market Navigator is a premium trading tool meticulously crafted to generate accurate Buy and Sell signals. Built using advanced technical components like volume, market structure, RSI, VWAP, EMA, and key levels, it ensures precise and actionable setups. The indicator operates with a fixed configuration to deliver optimized performance, requiring only minimal user input for setup.
🔶 Core Features
Accurate Buy and Sell Signals:
* Automatically calculates Buy and Sell zones based on predefined rules, removing the need for constant adjustments.
* Signals are derived from a combination of RSI, volume trends, market structure analysis, and EMA dynamics.
Fixed Length and Source for Maximum Precision:
* For the most accurate setups, users are required to set the Length to 100 and Source to Close.
* This configuration is optimized to align the indicator's calculations with real market dynamics, delivering high-quality signals.
Market Structure Integration:
* Highlights critical points such as Break of Structure (BOS) and Change of Character (CHoCH) to identify potential reversals or continuations.
* Tracks key Order Blocks and liquidity zones for advanced market analysis.
RSI and Trend Detection:
* Utilizes RSI to detect overbought and oversold conditions, with hidden divergences providing added confirmation.
* Trend strength and reversals are analyzed using EMA (20/50/100/200) and a unique algorithm for detecting trends.
VWAP and Key Levels:
* Incorporates VWAP bands to track price deviations and key levels of interest.
* Identifies areas of potential support and resistance, helping traders refine their strategies.
🔶 Simplified User Experience
* Minimal Input Required: Users only need to set the Length = 100 and Source = Close.
* Pre-Configured for Success: The indicator is pre-built with optimal settings for maximum accuracy and reliability.
* No Advanced Configuration Necessary: Internal logic is locked to ensure the integrity and accuracy of the tool.
🔶 Why Choose Golden Market Navigator?
* Consistent Results: Predefined settings and a streamlined setup ensure reliable performance across all markets.
* Built for Precision: Combines the most effective technical analysis methods for high-quality Buy and Sell signals.
* Versatile Across Markets: Works seamlessly with crypto, forex, stocks, and commodities.
The Golden Market Navigator simplifies trading by automating complex analysis and providing actionable insights with minimal user input.
Get started today and experience the next level of trading precision!
EMA Offset Strategy with RSIEMA Offset Strategy with RSI Confirmation
This strategy combines the power of exponential moving averages (EMA) and the Relative Strength Index (RSI) to identify potential buy and sell signals in the market.
Key Features:
EMA with Forward Offset:
The strategy calculates a 13-period EMA and offsets it forward by another 13 periods to create a predictive indicator.
The offset EMA acts as a dynamic support and resistance level.
RSI-Based Confirmation:
A long (buy) signal is generated when the price closes above the offset EMA and the RSI is greater than 56.
A short (sell) signal is generated when the price closes below the offset EMA and the RSI is less than 44.
The RSI is set to a default 14-period calculation, providing an extra layer of confirmation for trade entries.
Signal Visualization:
Green "Buy" labels appear below bars where long conditions are met.
Red "Sell" labels appear above bars where short conditions are met.
The strategy dynamically plots the EMA (blue) and Offset EMA (red) on the price chart.
Automated Trade Execution:
The strategy executes long and short positions based on the defined conditions and exits when the opposing signal is triggered.
How to Use:
Inputs:
EMA Period: The number of periods for the exponential moving average (default is 13).
Offset Period: The number of periods to calculate the forward offset (default is 13).
RSI Period: The length of the RSI calculation (default is 14).
Signals:
Buy: When the closing price is above the offset EMA and RSI > 56.
Sell: When the closing price is below the offset EMA and RSI < 44.
Ideal Use Cases:
Suitable for trending markets to ride momentum while filtering out false signals with RSI confirmation.
Can be used for swing trading or intraday trading on various timeframes.
Customizations:
Users can adjust the EMA period, offset period, and RSI period from the settings to fit their preferred trading style and market conditions.
Visualization:
EMA (Blue): Traditional moving average line.
Offset EMA (Red): Predictive forward offset line.
Buy/Sell Signals: Clearly marked on the chart for actionable insights.
Buy/Sell StrategyElliott wave analysis is designed to simplify and increase the objectivity of graph analysis using the Elliott wave method. this indicator can be successfully used in trading without knowing the Elliott wave method.
The indicator is based on wave counting
FibMaster Pro [FxcAlgo]FibMaster Pro
Master the markets with Fibonacci precision.
The FibMaster Pro is a cutting-edge trading tool designed to help traders identify key price reversal zones by combining Fibonacci retracement levels, Change of Character (CHoCH) points, and engulfing candle patterns. This tool provides actionable insights into potential market pullbacks, reversals, and entry points by automating the analysis of critical price behaviors.
🔶 Core Features
Change of Character (CHoCH) Detection:
* Automatically identifies CHoCH points, signaling shifts in market direction.
* These key levels form the foundation for defining Areas of Interest (AOI) where significant price action is expected.
Fibonacci Retracement Levels:
* Applies Fibonacci retracement levels (e.g., 0.236, 0.382, 0.5, 0.618, etc.) to newly formed swing highs and lows within the AOI.
* Highlights potential pullback zones, helping traders pinpoint precise areas for entries or reversals.
Engulfing Candle Patterns:
* Detects bullish and bearish engulfing patterns within AOIs, refining entry signals and providing added confirmation.
* Offers multiple detection options (all engulfing patterns or structure-based) to suit different trading styles.
Area of Interest (AOI) Highlighting:
* Dynamically outlines AOIs to visualize zones of expected price reactions, enabling traders to focus on the most critical market areas.
🔶 Why Use FibMaster Pro?
* Objective Analysis: Operates purely on price patterns, eliminating the need for user-defined inputs.
* Multi-Layered Confluence: Combines Fibonacci levels, CHoCH points, and engulfing patterns to provide highly reliable signals.
* Seamless Automation: Automatically updates key levels and patterns in real-time, saving time and ensuring precision.
* Actionable Insights: Offers clear and intuitive visuals for quick decision-making.
🔶 Settings and Customization
Market Patterns:
* Bullish Structures: Enable/disable bullish components of the indicator.
* Bearish Structures: Enable/disable bearish components of the indicator.
* Highlight AOI: Toggle the visibility of highlighted AOIs.
* CHoCH Line: Customize the style (solid, dashed, dotted) and width of CHoCH lines.
Fibonacci Retracement Levels:
* Select which levels to display, such as 0, 0.236, 0.382, 0.5, 0.618, and more.
Swing Levels and Engulfing Patterns:
* Swing Levels: Choose the style for marking swing highs and lows (e.g., ◉, △, ▽, H/L).
* Engulfing Patterns: Customize detection settings (all patterns, structure-based, or disable).
🔶 How It Works
1. CHoCH Detection: Identifies shifts in market direction to define Areas of Interest (AOIs).
2. Fibonacci Retracement: Applies Fibonacci levels to swings within AOIs to locate potential retracement zones.
3. Engulfing Patterns: Highlights engulfing candle patterns within AOIs to further refine entry points.
This multi-layered confluence approach enhances trading precision and confidence, offering traders a robust framework for analyzing market dynamics.
FibMaster Pro is your ultimate tool for mastering Fibonacci-based trading strategies.
Elevate your trading game with automated precision, objective analysis, and actionable insights. Subscribe today to unlock this exclusive tool!
ATR and RSI-Based Trading StrategyOverview
This strategy aims to capitalize on market opportunities by combining the power of volatility analysis and momentum indicators. By utilizing the Average True Range (ATR), Relative Strength Index (RSI), and Simple Moving Average (SMA), the strategy seeks to identify potential entry and exit points.
Key Indicators
Simple Moving Average (SMA): The SMA provides a general trend direction by smoothing out price data over a specified period.
Relative Strength Index (RSI): The RSI measures the speed and change of price movements, helping to identify overbought and oversold conditions.
Average True Range (ATR): The ATR measures the average true range of an asset's price over a specified period, providing a gauge of volatility.
Strategy Logic
Volatility Bands: The ATR is used to create upper and lower bands around a simple moving average. These bands represent a dynamic range of expected price movement.
Momentum Analysis: The RSI is used to measure the strength and direction of price movements.
Entry Signals:
Long Entry: A long position is entered when the price closes above the lower band and the RSI is below a predefined oversold level.
Short Entry: A short position is entered when the price closes below the upper band and the RSI is above a predefined overbought level.
Advantages
Versatility: The strategy can be applied to various markets and timeframes.
Adaptability: By adjusting the parameters, the strategy can be customized to different market conditions.
Clear signals: The combination of price action and momentum indicators provides clear entry and exit signals.
Disadvantages
False signals: The strategy may generate false signals, especially during periods of high volatility or sideways markets.
Parameter optimization: The performance of the strategy is highly dependent on the chosen parameters, which may require ongoing optimization.
Market conditions: The effectiveness of the strategy can vary depending on the overall market environment.
Conclusion
The ATR and RSI-based trading strategy offers a robust framework for identifying potential trading opportunities. However, like any trading strategy, it is essential to conduct thorough backtesting and consider implementing risk management techniques such as stop-loss and take-profit orders.
Additional Considerations:
Customization: Traders can customize the strategy by adjusting the parameters of the indicators (e.g., SMA length, RSI period, ATR multiplier) and adding additional indicators or filters.
Backtesting: It is crucial to backtest the strategy on historical data to assess its performance and identify potential weaknesses.
Risk Management: Implementing stop-loss and take-profit orders can help to limit potential losses and protect profits.
Flow-Weighted Volume Oscillator (FWVO)Volume Dynamics Oscillator (VDO)
Description
The Volume Dynamics Oscillator (VDO) is a powerful and innovative tool designed to analyze volume trends and provide traders with actionable insights into market dynamics. This indicator goes beyond simple volume analysis by incorporating a smoothed oscillator that visualizes the flow and momentum of trading activity, giving traders a clearer understanding of volume behavior over time.
What It Does
The VDO calculates the flow of volume by scaling raw volume data relative to its highest and lowest values over a user-defined period. This scaled volume is then smoothed using an exponential moving average (EMA) to eliminate noise and highlight significant trends. The oscillator dynamically shifts above or below a zero line, providing clear visual cues for bullish or bearish volume pressure.
Key features include:
Smoothed Oscillator: Displays the direction and momentum of volume using gradient colors.
Threshold Markers: Highlights overbought or oversold zones based on upper and lower bounds of the oscillator.
Visual Fill Zones: Uses color-filled areas to emphasize positive and negative volume flow, making it easy to interpret market sentiment.
How It Works
The calculation consists of several steps:
Smoothing with EMA: An EMA of the scaled volume is applied to reduce noise and enhance trends. A separate EMA period can be adjusted by the user (Volume EMA Period).
Dynamic Thresholds: The script determines upper and lower bounds around the smoothed oscillator, derived from its recent highest and lowest values. These thresholds indicate critical zones of volume momentum.
How to Use It
Bullish Signals: When the oscillator is above zero and green, it suggests strong buying pressure. A crossover from negative to positive can signal the start of an uptrend.
Bearish Signals: When the oscillator is below zero and blue, it indicates selling pressure. A crossover from positive to negative signals potential bearish momentum.
Overbought/Oversold Zones: Use the upper and lower threshold levels as indicators of extreme volume momentum. These can act as early warnings for trend reversals.
Traders can adjust the following inputs to customize the indicator:
High/Low Period: Defines the period for volume scaling.
Volume EMA Period: Adjusts the smoothing factor for the oscillator.
Smooth Factor: Controls the responsiveness of the smoothed oscillator.
Originality and Usefulness
The VDO stands out by combining dynamic volume scaling, EMA smoothing, and gradient-based visualization into a single, cohesive tool. Unlike traditional volume indicators, which often display raw or cumulative data, the VDO emphasizes relative volume strength and flow, making it particularly useful for spotting reversals, confirming trends, and identifying breakout opportunities.
The integration of color-coded fills and thresholds enhances usability, allowing traders to quickly interpret market conditions without requiring deep technical expertise.
Chart Recommendations
To maximize the effectiveness of the VDO, use it on a clean chart without additional indicators. The gradient coloring and filled zones make it self-explanatory, but traders can overlay basic trendlines or support/resistance levels for additional context.
For advanced users, the VDO can be paired with price action strategies, candlestick patterns, or other trend-following indicators to improve accuracy and timing.
EMA DETTAEste indicador ajusta automaticamente as configurações das Médias Móveis Exponenciais (EMAs) de acordo com o timeframe do gráfico selecionado, eliminando a necessidade de ajustes manuais. É ideal para traders que utilizam múltiplos timeframes e desejam uma adaptação dinâmica para suas análises técnicas.
Dynamic S/R Levels: Edge FinderOverview
The Dynamic S/R Levels: Edge Finder indicator is designed to identify dynamic support and resistance levels based on historical price action. It uses a combination of price extremes (highs and lows) over user-defined lookback periods, weighted moving averages (WMAs), and touch-count analysis to provide actionable insights into key market levels.
This tool is ideal for traders who want to:
Identify dynamic support and resistance zones.
Understand the strength of these levels based on price touches.
Make informed decisions using clear, adaptive levels.
How It Works
Dynamic Levels Calculation:
The indicator calculates dynamic support levels using the lowest lows and dynamic resistance levels using the highest highs over user-defined lookback periods (e.g., 20, 40, 60 bars, etc.).
These levels are updated dynamically as new price data becomes available.
Touch Count Analysis:
The indicator counts how many times the price has touched or come close to each support/resistance level within the lookback period.
Levels with more touches are considered stronger and are highlighted accordingly.
Weighted Moving Averages (WMAs):
The indicator uses 50-period and 100-period WMAs to identify the closest support/resistance levels to the current trend.
Levels near these WMAs are given additional weight, as they are more likely to act as significant barriers.
Level Merging:
If two support or resistance levels are too close to each other (based on the minimum distance percentage), the weaker level (with fewer touches) is removed to avoid clutter.
Visualization:
Support levels are displayed as dashed red lines, and resistance levels are displayed as dashed blue lines.
Each level is labeled with its corresponding touch count, allowing traders to quickly assess its strength.
How to Interpret the Indicator
Strong Support/Resistance Levels:
Levels with higher touch counts (e.g., 5, 10, or more) are considered stronger and are more likely to hold in the future.
Use these levels to plan entries, exits, or stop-loss placements.
Proximity to WMAs:
Levels closest to the 50-period or 100-period WMA are more significant, especially in trending markets.
These levels often act as dynamic barriers where price reactions are more likely.
Breakouts and Rejections:
If the price breaks through a strong resistance level, it may indicate a potential bullish trend.
If the price rejects a strong support level, it may indicate a potential bearish trend.
Always confirm breakouts or rejections with additional analysis (e.g., volume, candlestick patterns).
Level Merging:
Merged levels indicate areas of high confluence, where multiple support/resistance zones overlap.
These areas are particularly important for decision-making, as they represent stronger market reactions.
Key Features
Customizable Lookback Periods: Adjust the lookback periods for each dynamic level to suit your trading style.
Touch Count Labels: Quickly identify the strength of each level based on the number of price touches.
Adaptive Levels: The indicator dynamically updates levels based on recent price action.
Clean Visualization: Levels are automatically merged to avoid clutter and provide a clear view of the market structure.
Usage Tips
Trend Identification: Combine the indicator with trend-following tools (e.g., moving averages, trendlines) to confirm the overall market direction.
Risk Management: Use the identified levels to set stop-loss orders or take-profit targets.
Timeframe Flexibility: The indicator works on all timeframes, but it is particularly effective on higher timeframes (e.g., 1H, 4H, Daily) for more reliable levels.
Example Scenarios
Bounce Trade:
If the price approaches a strong support level (high touch count) and shows signs of rejection (e.g., bullish candlestick patterns), consider a long position with a stop-loss below the support level.
Breakout Trade:
If the price breaks above a strong resistance level with high volume, consider a long position with a target at the next resistance level.
Range-Bound Market:
In a sideways market, use the support and resistance levels to identify range boundaries and trade bounces between them.
Disclaimer
Dynamic S/R Levels: Edge Finder is a technical analysis tool designed to identify dynamic support and resistance levels based on historical price action. It is intended for informational and educational purposes only. This indicator does not provide financial, investment, or trading advice. Users are solely responsible for their trading decisions and should conduct their own research and analysis before making any trades. The developer of this tool is not liable for any financial losses or damages resulting from the use of this indicator. Trading in financial markets involves risk, and you should only trade with capital you can afford to lose.
Machine Learning Price Target Prediction Signals [AlgoAlpha]Introducing the Machine Learning Price Target Predictions, a cutting-edge trading tool that leverages kernel regression to provide accurate price targets and enhance your trading strategy. This indicator combines trend-based signals with advanced machine learning techniques, offering predictive insights into potential price movements. Perfect for traders looking to make data-driven decisions with confidence.
What is Kernel Regression and How It Works
Kernel regression is a non-parametric machine learning technique that estimates the relationship between variables by weighting data points based on their similarity to a given input. The similarity is determined using a kernel function, such as the Gaussian (RBF) kernel, which assigns higher weights to closer data points and progressively lower weights to farther ones. This allows the model to make smooth and adaptive predictions, balancing recent data and historical trends.
Key Features
🎯 Predictive Price Targets : Uses kernel regression to estimate the magnitude of price movements.
📈 Dynamic Trend Analysis : Multiple trend detection methods, including EMA crossovers, Hull Moving Average, and SuperTrend.
🔧 Customizable Settings : Adjust bandwidth for kernel regression and tweak trend indicator parameters to suit your strategy.
📊 Visual Trade Levels : Displays take-profit and stop-loss levels directly on the chart with customizable colors.
📋 Performance Metrics : Real-time win rate, recommended risk-reward ratio, and training data size displayed in an on-chart table.
🔔 Alerts : Get notified for new trends, take-profit hits, and stop-loss triggers.
How to Use
🛠 Add the Indicator : Add it to your favorites and apply it to your chart. Configure the trend detection method (SuperTrend, HMA, or EMA crossover) and other parameters based on your preferences.
📊 Analyze Predictions : Observe the predicted move size, recommended risk-reward ratio, and trend direction. Use the displayed levels for trade planning.
🔔 Set Alerts : Enable alerts for trend signals, take-profit hits, or stop-loss triggers to stay informed without constant monitoring.
How It Works
The indicator calculates features such as price volatility, relative strength, and trend signals, which are stored during training periods. When a trend change is detected, the kernel regression model predicts the likely price move based on these features. Predictions are smoothed using the specified bandwidth to avoid overfitting while ensuring timely responses to feature changes. Visualized take-profit and stop-loss levels help traders optimize risk management. Real-time metrics like win rate and recommended risk-reward ratios provide actionable insights for decision-making.
ueuito Custom Moving Averages and VWMA TrendDescription in English:
is a customizable indicator that combines multiple technical analysis tools to identify market trends and buy/sell signals. It integrates moving averages (including VWMA), RSI, MACD, and various configurable levels, providing detailed visual analysis on the chart.
Key Features:
Customizable Moving Averages:
Supports SMA, EMA, WMA, VWMA, and RMA.
Allows for customizing the period and displaying up to two moving averages simultaneously.
VWMA with RSI Indication:
VWMA changes color based on RSI conditions:
Overbought color when RSI exceeds a configurable level.
Oversold color when RSI drops below a configurable level.
MACD and Crossovers:
Detects MACD crossovers with the signal line and highlights them on the chart.
Includes visual indicators to mark key moments of MACD rising or falling.
Overbought/Oversold Signals:
Adds visual markers when RSI exceeds user-defined levels (overbought or oversold).
MACD Level Indicators:
Displays specific values on the chart when MACD reaches predefined levels, with color adjustments based on trend direction.
Advanced Configurations:
Configurable parameters for vertical offset, label colors, and alert levels.
Provides flexibility to tailor the indicator’s appearance and behavior.
Still improving...
MACD DETTAEste indicador é uma versão personalizada do clássico MACD (Moving Average Convergence Divergence), projetado para se ajustar automaticamente às configurações ideais de médias móveis exponenciais (EMAs) e da linha de sinal com base no timeframe do gráfico. Ele combina flexibilidade e automação para simplificar a análise técnica, adaptando-se automaticamente às condições específicas de diferentes períodos.
ADX-DMIThis script manually calculates the Directional Movement Index (DMI) and the Average Directional Index (ADX) using Wilder’s smoothing technique. The DMI indicators are used to assess the strength and direction of a market trend. It includes three main lines: ADX (yellow), DI+ (green), and DI− (red). Traders use these indicators to determine whether a trend is strong and in which direction it is moving.
The process begins by defining the length parameter, which determines how many periods are considered in the calculation. It then calculates the True Range (TR), which is the greatest of three values: the difference between the current high and low, the difference between the current high and the previous close, and the difference between the current low and the previous close. This TR is used to compute the Average True Range (ATR), which smooths out price fluctuations to get a clearer picture of the market’s volatility. Next, the script calculates the +DM (positive directional movement) and -DM (negative directional movement) based on the changes in the highs and lows from one period to the next.
Finally, the script computes the DI+ and DI− values by dividing the smoothed +DM and -DM by the ATR and multiplying by 100 to express them as percentages. The DX value is calculated as the absolute difference between DI+ and DI−, normalized by the sum of both values. The ADX is then derived by smoothing the DX value over the specified length. The three indicators — ADX, DI+, and DI− — are plotted in the lower chart panel, providing traders with visual cues about the trend’s direction (DI+ and DI−) and strength (ADX).
Important Notice:
The use of technical indicators like this one does not guarantee profitable results. This indicator should not be used as a standalone analysis tool. It is essential to combine it with other forms of analysis, such as fundamental analysis, risk management strategies, and awareness of current market conditions. Always conduct thorough research.
Note: The effectiveness of any technical indicator can vary based on market conditions and individual trading styles. It's crucial to test indicators thoroughly using historical data before applying them in live trading scenarios.
Disclaimer:
Trading financial instruments involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. This indicator is provided for informational and educational purposes only and should not be considered investment advice. Always conduct your own research before making any trading decisions.
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