Range H/L Buy and Sell SignalThe "Range H/L Buy and Sell Signal" indicator is designed to identify potential buy and sell signals based on a specified price range and market volatility. This indicator can be used in the TradingView platform to assist traders in making informed decisions.
The indicator allows customization of several parameters to adapt to different trading strategies. These parameters include the start and end times for the price range, the volatility threshold, and the desired breakout conditions.
To begin, the indicator calculates the range start and end timestamps based on the provided hours and minutes. This defines the time period within which the indicator will analyze price movements.
Next, the indicator determines the highest high (High) and lowest low (Low) within the specified price range. These levels represent the upper and lower boundaries of the range and act as potential breakout points.
Volatility is also taken into account to filter out false signals. The indicator calculates the true range and the average true range over a period of 14 bars. The true range measures the price range from the current high to low, while the average true range provides an indication of market volatility.
Based on the breakout conditions and the volatility threshold, buy and sell signals are generated. A buy signal occurs when the closing price crosses above the High and the true range is greater than the volatility threshold multiplied by the average true range. Conversely, a sell signal is triggered when the closing price crosses below the Low and the true range exceeds the volatility threshold multiplied by the average true range.
The indicator visually displays the High and Low levels as plotted lines on the chart. Additionally, it marks the buy signals with green labels labeled "BUY" below the corresponding bars and the sell signals with red labels labeled "SELL" above the bars.
It is important to note that this indicator should be used in conjunction with other technical analysis tools and indicators for comprehensive market analysis. Trading always carries risks, and it is crucial to exercise caution and conduct thorough analysis before making any trading decisions.
Divergent Trades LLC:
Disclaimer: The information provided by the Divergent Trades LLC indicator is for educational and informational purposes only. It should not be considered financial advice or a recommendation to buy, sell, or trade any financial instrument. Divergent Trades LLC is not responsible for any losses incurred as a result of using this indicator. Trading in the financial markets carries a high level of risk and may not be suitable for all investors. Before making any investment decisions, please consult with a financial advisor and do your own due diligence. Past performance is not indicative of future results. By using the Divergent Trades LLC indicator, you acknowledge that you have read and understand this disclaimer and agree to its terms and conditions.
Volatility
MTF Fusion - SuperTrend [TradingIndicators]SuperTrend is undoubtedly one of the most popular and influential indicators ever developed, and by combining it with our MTF Fusion algorithm, we believe we have made it more useful and powerful than ever with MTF Fusion SuperTrend .
Let's start with a brief review of what the original SuperTrend indicator is and how it works.
What is SuperTrend?
The SuperTrend indicator is a popular technical analysis tool used in financial markets to identify the direction of a trend and potential entry and exit points for trading. It was developed by Olivier Seban, a French trader, and first introduced in his book "Tout le monde peut gagner en bourse" ("Everyone Can Win in the Stock Market") published in 2008.
SuperTrend is based on the concept of Average True Range (ATR) and uses two parameters: the multiplier and the period. The ATR measures the volatility of a financial instrument, and the SuperTrend indicator utilizes this information to plot a line above or below the price chart. It is an 'AITM' (Always In The Market) indicator, which, in its original form, is always 'long' or 'short' - and never 'flat'.
Here's a brief overview of how the SuperTrend indicator works:
Calculation of the ATR: The ATR is calculated using historical price data over a specified period. It measures the average range between high and low prices, reflecting the market's volatility.
Calculation of the upward (long/bullish) and downward (short/bearish) SuperTrend lines: The SuperTrend indicator multiplies the ATR by a specified multiplier (typically 2 or 3) and adds/subtracts the result from the current closing price. This calculation determines the upward and downward SuperTrend lines.
Plotting the Indicator: The SuperTrend indicator plots a line above the price chart when the price is trending upwards, and below the price chart when the price is trending downwards. The distance between the price and the indicator line provides insights into the strength of the trend.
Traders commonly use the SuperTrend indicator to identify potential buy or sell signals. For example, a buy signal may be generated when the price crosses above the indicator line, indicating an uptrend. Conversely, a sell signal may be triggered when the price crosses below the indicator line, signaling a downtrend.
What is MTF Fusion?
Multi-Timeframe (MTF) Fusion is the process of combining calculations from multiple timeframes higher than the chart's into one 'fused' value or indicator. It is based on the idea that integrating data from higher timeframes can help us to better identify short-term trading opportunities within the context of long-term market trends.
How does it work?
Let's use the context of this indicator, which calculates SuperTrend lines, as an example to explain how MTF Fusion works and how you can perform it yourself.
Step 1: Selecting Higher Timeframes
The first step is to determine the appropriate higher timeframes to use for the fusion calculation. These timeframes should typically be chosen based on their ability to provide meaningful price levels and action which actively affect the price action of the smaller timeframe you're focused on. For example, if you are trading the 5 minute chart, you might select the 15 minute, 30 minute, and hourly timeframe as the higher timeframes you want to fuse in order to give you a more holistic view of the trends and action affecting you on the 5 minute. In this indicator, four higher timeframes are automatically selected depending on the timeframe of the chart it is applied to.
Step 2: Gathering Data and Calculations
Once the higher timeframes are identified, the next step is to calculate the data from these higher timeframes that will be used to calculate your fused values. In this indicator, for example, the values of SuperTrend lines are calculated by determining the value of the SuperTrend indicator for all four higher timeframes.
Step 3: Fusing the Values From Higher Timeframes
The next step is to actually combine the values from these higher timeframes to obtain your 'fused' indicator values. The simplest approach to this is to simply average them. If you have calculated the value of a SuperTrend line from three higher timeframes, you can, for example, calculate your 'multi-timeframe fused level' as (HigherTF_SuperTrend_1 + HigherTF_SuperTrend_2 + HigherTF_SuperTrend_3) / 3.0.
Step 4: Visualization and Interpretation
Once the calculations are complete, the resulting fused indicator values are plotted on the chart. These values reflect the fusion of data from the multiple higher timeframes, giving a broader perspective on the market's behavior and potentially valuable insights without the need to manually consider values from each higher timeframe yourself.
What makes this script unique? Why is it closed source?
While the process described above is fairly unique and sounds simple, the truly important key lies in determining which higher timeframes to fuse together, and how to weight their values when calculating the fused end result in such a way that best leverages their relationship for useful TA.
This MTF Fusion indicator employs a smart, adaptive algorithm which automatically selects appropriate higher timeframes to use in fusion calculations depending on the timeframe of the chart it is applied to. It also uses a dynamic algorithm to adjust and weight the SuperTrend calculations depending on each higher timeframe's relationship to the chart timeframe. These algorithms are based on extensive testing and are the reason behind this script's closed source status.
Unlike in the original indicator, flat/'No Trend' areas exist in MTF Fusion SuperTrend!
MTF Fusion SuperTrend only shows a Fusion SuperTrend when the majority of SuperTrends from higher timeframes are in agreement and signaling the same trend direction . So, unlike the original SuperTrend indicator, MTF Fusion SuperTrend sometimes shows no SuperTrend line at all - typically in flat or indecisive areas, which we think is beneficial and helps to filter out noise on smaller timeframes.
Included Features
Fusion SuperTrend lines
Dynamic Multi-Timeframe SuperTrends
Filled zones to highlight trends
Full customization of SuperTrend parameters
Pre-built color stylings
Options
Fusion View: Show/hide the Fusion SuperTrends calculated from multiple higher timeframes
MTF View: Show/hide the SuperTrends from multiple higher timeframes used to calculate the Fusion SuperTrends
Fill Trending Zones: Show/hide the fill for 'trending zones' between price and the Fusion SuperTrends
Multiplier: Sets the multiplier for all SuperTrend calculations
ATR Period: Sets the ATR period for all SuperTrend calculations
Pre-Built Color Styles: Use a pre-built color styling (uncheck to use your own colors)
Manual Color Styles: When pre-built color styles are disabled, use these color inputs to define your own
New York, London and custom trading sessionsHi Traders
The script :
The Time sessions script plots the trading sessions of both New York and London markets (background fills), In addition to the above the script also plots a user defined trading session period (vertical lines). All plots may be toggled true or false inorder to ensure you can focus on the respective market / markets / custom session.
Market sessions are useful for technical or quantitative analysis, as the majority of trading activity and net daily volume occurs in these zones, in fact the U.S./London market overlap tends to have the greatest volume accumulation across that range of time / bars than that range at any other time within the daily session. For FX traders it may also be important to take into account for many currency pairs the average exchange rate pip movement is greatest within these zones.
The custom session, is intended to be used for traders who trade only within specific intervals within the market session or day for 24/7 traded asset classes
Additional notes :
Not as of now, I have only added three optional trading sessions. If you would like to change the sessions, copy the scripts code and change the "ctm_session" default time range value, insuring the second time value is 1 min > than the first.
As always i Hope this is a useful script, and I will be updating this script in the near future.
Pullback WarningThe Pullback Warning indicator is a simple indicator that highlights the potential for a market pullback, by measuring distances between certain key moving averages.
John Pocorobba recently shared in his general market updates, research showing that when the distance between the closing price and the 9 day exponential moving average is greater than the distance between the 9 day exponential moving average and the 20 day exponential moving average a pullback is likely.
While this condition occurs frequently, I added sensitivity options to try and filter out the noise. The sensitivity is based on the closing price’s extension from the 50 day simple moving average. Depending on your level of sensitivity, only signals that occur when price is extended either 5, 6, or 7 percent away from the 50 sma will be plotted.
Choose how to see the signal:
Highlight Background
Plot a symbol at desired location
Note this signal works best on indexes, not individual securities.
Volume Spike, Price Move >3% Spike with Vol & Gap Up IdentifierTitle: Identifying Volume Spikes, Price Movements and Gap Ups: A TradingView Script
Introduction:
In the world of trading, identifying volume spikes and price movements can provide valuable insights into market trends and potential trading opportunities. In this article, we'll explore a TradingView script that helps traders visualize volume spikes, price up moves with volume spikes, and gap-up days on their charts.
Detecting Price Up Moves:
The script starts by calculating price up moves. It compares the current day's closing price with the previous day's closing price and checks if it has increased by 3% or more. This helps traders spot significant upward price movements.
Detecting Volume Spurts:
Next, the script focuses on detecting volume spikes, which are often associated with increased market activity and potential trading opportunities. It compares the current day's volume with the highest volume of the previous nine sessions. If the current volume exceeds all the volumes of the previous nine sessions, it is considered a volume spurt.
Example:
Let's consider a hypothetical scenario where we have the following volume data for a stock:
Day 1: 100,000
Day 2: 80,000
Day 3: 120,000
Day 4: 150,000
Day 5: 200,000
Day 6: 90,000
Day 7: 110,000
Day 8: 130,000
Day 9: 140,000
Day 10: 250,000 (current day)
To determine if there is a volume spurt on Day 10, the script compares the current day's volume (250,000) with the highest volume of the previous nine sessions. In this case, the highest volume among the previous nine sessions is 200,000 (on Day 5). Since the current day's volume (250,000) exceeds the highest volume of the previous nine sessions (200,000), it is considered a volume spurt.
Identifying Gap-Up Days:
Gap-up days occur when the market opens significantly higher than the previous day's close. To identify these days, the script compares the current day's low price with the previous day's high price. If the low price is greater than the previous day's high, it is marked as a gap-up day.
Visualizing the Findings:
To provide a clear visual representation of the identified patterns, the script uses different shapes and colors. First, it plots small red dots above the candles whenever a volume spurt is detected. These dots help traders quickly identify periods of increased volume activity.
For price up moves with volume spikes, the script utilizes blue triangular shapes below the candles. This allows traders to pinpoint instances where both price and volume are showing positive signs, indicating potential bullish movements.
Additionally, the script incorporates green candles to represent gap-up days. These candles help traders recognize days when the market opens with a significant upward gap, suggesting a potential shift in market sentiment.
Conclusion:
The TradingView script discussed in this article provides traders with a visual representation of volume spikes , price up moves with volume spikes , and gap-up days . By incorporating these visual cues into their analysis, traders can gain valuable insights into market trends and potential trading opportunities.
Remember, this script should be used for educational and informational purposes only and does not serve as financial advice or recommendations. Traders are encouraged to customize and modify the script according to their specific trading strategies and risk tolerance.
Share this script with other traders on TradingView to enhance their chart analysis and trading decisions.
PS: This TradingView script is designed to work specifically on the daily timeframe (daily candles). It calculates and identifies volume spurts based on the volume data of the daily timeframe. Since it is designed for the daily timeframe, it may not produce accurate results or work as intended on other timeframes.
VolatilityThis script shows three different calculations for volatility.
All three can be used as Stop-Loss...
- Absolute Price Changes
- Maximum Price Fluctuation
- and every one should know Average True Range
The script has a dark and light theme.
And the colors can be changed and each can be deactivated.
On top of that I stumbled over the fact that when MPF crosses over APC
this could result in a significant change in price and could also be used as an entry or exit.
This is also highlighted by default. You can change its background color and you can deactivate it too.
ACP measures volatility over most recent close prices.
This is excellent for comparing volatility.
It includes both frequency and magnitude.
In other words: Sum of differences between second to last close price and last close price as absolute value for 'n' bars.
MPF measures volatility over most recent candles, which could be used as an estimate of risk.
It may also be effective as the basis for a stop-loss or take-profit,
like the ATR but it ignores the frequency of directional changes within the time interval.
In other words: The difference between the highest high and lowest low over 'n' bars.
When you don't know what the ATR is then you can look at this link .
Displacement (Two FVGs)A simple indicator that attempts to identify displacement in price by alerting you when two simultaneous Fair Value Gaps (FVGs) occur.
When two fair value gaps occur, the indicator will print a green bar (if bullish) or a red bar (if bearish). If you right click on the indicator you can turn on alerts that will pop up every time a dual FVG occurs.
Fair Value Gaps are most commonly used amongst price action traders and are defined as instances in which there are inefficiencies, or imbalances, in the market.
The concept for this indicator is very simple. Apply it to your chart and enable alerts on the instruments and timeframe you trade. When you get an alert, it could indicate larger players getting involved.
This is NOT a trading strategy. Its intention is to save time by alerting you to large imbalances in price on the instruments you trade.
HL ATRUnlocking Market Volatility: The Adaptive Highest High Lowest Low Indicator
As seasoned traders know, accurately identifying and leveraging market highs and lows can significantly impact your trading performance. One innovative tool for harnessing these inflection points is the Adaptive Highest High Lowest Low Indicator. Built for intuitive trading, this indicator offers a distinctive edge in identifying key trading signals in volatile markets.
1. Understanding the Indicator
At its core, the Adaptive Highest High Lowest Low Indicator operates by pinpointing the highest highs and lowest lows within a specified lookback period. What sets it apart is its ability to adapt and respond to market volatility, enhancing its utility in various market conditions.
Key parameters include the lookback period, the number of confirmation candles, the number of previous high/low lines to display, and the Average True Range (ATR) period. Each of these inputs offers the trader flexibility to fine-tune the indicator to suit their specific trading style and the prevailing market conditions.
2. Harnessing the Power of Highs and Lows
The indicator begins by charting the highest high and the lowest low within your chosen lookback period. These highs and lows are treated as levels of resistance and support, respectively. Once identified, lines are drawn at these points, offering visual cues for strategic trading.
However, the indicator doesn't stop at identifying these levels. It waits for the price to confirm these levels, using a user-defined number of 'Confirmation Candles'. This ensures that the highs and lows are robust and significant, thereby minimizing the risk of false breakouts or breakdowns.
3. Volatility Filter: The ATR
The incorporation of the ATR into this indicator is a key distinguishing feature. The ATR measures market volatility by calculating the range of price movements over a given period. By incorporating the ATR, this indicator can adapt to changes in volatility. Specifically, the ATR acts as a filter for the buy and sell signals, helping to avoid false signals during low volatility periods and highlight meaningful breaks during high volatility periods.
4. Deciphering Buy and Sell Signals
The Adaptive Highest High Lowest Low Indicator offers clear signals for potential entry points. A 'Buy' label appears when the price breaks and closes above a previously identified high by an amount greater than the ATR. Conversely, a 'Sell' label is generated when the price breaks and closes below a previously identified low by an amount greater than the ATR.
5. Where Does This Indicator Shine?
This indicator thrives in markets characterized by high volatility. The ATR component allows the tool to adjust itself to changing market conditions, enhancing its effectiveness in volatile markets. It suits various financial markets, including stocks, forex, commodities, and cryptocurrencies, among others.
However, it's crucial to remember that this tool should not be used in isolation. It's most effective when used in conjunction with other indicators and within the context of a well-planned trading strategy. Always remember to use good risk management and adjust the settings of the indicator as per changing market conditions.
In conclusion, the Adaptive Highest High Lowest Low Indicator is a versatile and powerful tool for traders seeking to capitalize on market volatility. By combining the power of highs, lows, and the ATR, this indicator offers an innovative approach to navigating the financial markets.
Basic steps of how you could use this indicator for trading.
Identify Highs and Lows: The indicator draws lines at the highest high and lowest low of a given lookback period. Use these lines to identify key levels of support (lows) and resistance (highs).
Confirm the Trend: Wait for the price to confirm these levels. This is done by the number of 'Confirmation Candles'. For example, if 'Confirmation Candles' is set to 7, then a high or low is confirmed if the price has not broken that level in the past 7 candles.
Use the ATR as a Filter: The Average True Range (ATR) is used as a volatility filter. It can help to filter out signals that occur during low volatility periods, which might be false breakouts or breakdowns.
Entry Points: Entry points are determined by the labels "Buy" and "Sell" that appear on the chart.
Buy Signal: When a 'Buy' label appears, this indicates the price has broken above a previously identified high and closed above it by an amount greater than the ATR. This could be considered a bullish signal and a potential point to enter a long position.
Sell Signal: When a 'Sell' label appears, this indicates the price has broken below a previously identified low and closed below it by an amount greater than the ATR. This could be considered a bearish signal and a potential point to enter a short position.
Exit Points: The indicator does not provide specific exit points. These would need to be based on your risk tolerance, trading strategy, and other factors. You might consider exiting a position when the price reaches a new high/low, when a contrary signal appears, or when the price breaks a certain level of support or resistance.
Risk Management: It's important to set stop-loss levels and take-profit levels for each trade. This could be based on a fixed percentage, the ATR, or the highs and lows identified by the indicator.
Periodically Adjust Settings: Depending on market conditions, you might need to adjust the settings of the indicator, like the lookback period, confirmation candles, and ATR period.
Remember, this indicator should not be used in isolation. It's best to use it in combination with other tools and techniques, and always in the context of a well-planned trading strategy. It's also important to backtest any strategy before using it in live trading.
Smoother Momentum Stops [Loxx]Smoother Momentum Stops (SMS) is a dynamic tool that combines the logic of momentum and moving averages to create an overlay of the market price and generate potential trade signals. The original idea for this indicator comes from the beloved and esteemed trading indicator guru Mladen Rakic.
Understanding the Framework
The SMS incorporates various aspects of technical analysis, including momentum calculation, several types of moving averages, and an intelligent stop-and-reverse system that determines when to enter and exit trades.
The indicator initiates by defining the color scheme for visualization, specifically green for bullish trends and red for bearish trends. It further utilizes the 'smmom' and 'fema' functions to calculate smoothed momentum and fast exponential moving averages, respectively. The values computed by these functions are central to the signal generation process.
Momentum Calculation
The 'smmom' function serves to calculate a smoother momentum by taking a source (such as the closing price) and a period as inputs. This function employs a complex algorithm involving exponential moving averages (EMA), wherein two EMAs are calculated with different smoothing factors, and the difference between the two results is returned as the output. This smooth momentum calculation assists in eliminating unnecessary noise from the market and delivers more reliable momentum readings.
Moving Averages Computation
One key feature of the SMS is the ability to select from five different moving average types: Exponential Moving Average (EMA), Fast Exponential Moving Average (FEMA), Linear Weighted Moving Average (LWMA), Simple Moving Average (SMA), and Smoothed Moving Average (SMMA). The 'variant' function assigns the chosen method to the '_avg' variable, which is then used in the trade signal logic.
Trade Signal Generation
SMS employs a complex yet robust mechanism for generating trade signals. A stop-and-reverse system is established, which works on the principle of momentum. If the smoothed momentum is positive, an upper stop is determined and if the momentum is negative, a lower stop is defined.
The process continues by defining long and short entry conditions. The indicator goes long when an upper stop exists, and the previous bar had a lower stop, signifying a shift in momentum. The short entry condition is the opposite: the indicator goes short when a lower stop exists, and the previous bar had an upper stop. Alerts are generated for each of these conditions, helping traders to take timely action.
Visual Representation and UI Options
In terms of visual representation, the indicator plots upper and lower stops, employing green color for upper and red for lower stops. If the option to color bars is chosen, the entire bar is colored green or red, based on whether an upper or lower stop exists. This feature allows traders to visually comprehend market conditions better. Support and reisstance levels are also provided for visual context.
Conclusion
The Smoother Momentum Stops indicator is a potent tool for traders seeking to optimize their trading strategies. It blends the fundamentals of momentum and moving averages, resulting in a robust system that provides clear, reliable, and timely trading signals. By adjusting the smoothing type and period parameters, traders can customize the indicator to fit various market conditions and asset types, thereby adding a layer of flexibility to their trading strategies.
The use of a stop-and-reverse system adds a layer of risk management by offering precise entry and exit points based on momentum shifts. These stops are not just mere levels of entries or exits, but they reflect the undercurrent of the market's momentum, thus providing a dynamic framework to make informed trading decisions.
Additionally, the SMS indicator offers visual simplicity. The color-coded bars and distinct symbols for long and short positions make it easier for traders to interpret the signals and market direction quickly. Combined with the alert system, it ensures that traders never miss an important trading opportunity.
Finally, the power of the SMS indicator lies in its adaptability and comprehensive approach. By providing a selection of moving averages and an intelligent momentum-based system, it encapsulates various aspects of market behavior. As such, it is a useful tool not just for momentum traders, but for any trader who understands the significance of moving averages and momentum in predicting market movements.
In conclusion, the Smoother Momentum Stops indicator stands as an innovative, adaptable, and powerful tool for the modern trader. Its blend of flexibility, dynamic risk management, and straightforward visualization offer a comprehensive solution for traders looking to navigate the complex world of financial markets. With a detailed understanding of its workings as presented in this essay, traders can harness its full potential to optimize their strategies, manage risk, and achieve their trading objectives.
AcceleratorATR A more rapid successor to the volatility-calibrated ATR. It uses a volatility estimator in the calculation (doesn't underestimate volatility as much and more responsive in ranges) as a multiplier on a typical ATR. The volatility estimator is not as biased as classic estimators. There is an option to allow the root values to be dependent on the timeframe or manually tuned. The higher the value of the root, the higher the frequency of signals. The length and log power are not as significant parameters as the root but the script is still sensitive to these parameters.
A long or short signal does not indicate a trade should be taken, only to highlight the change in direction. It is often better to wait for a pullback (in the area of a long) before you take a trade. To be used in conjunction with your system.
Dodge Trend [MyTradingCoder]Introducing the "Dodge Trend" indicator, an innovative variant of the Supertrend indicator designed to help traders better avoid fakeouts and maintain positions in established trends.
Like the Supertrend, the Dodge Trend uses Average True Range (ATR) but incorporates a unique adaptive adjustment feature that differentiates it from its counterparts. While the conventional Supertrend rises with the trend and only descends when the price crosses it, the Dodge Trend is designed to 'dodge' potential fakeouts.
This 'dodging' mechanism works by allowing the Dodge Trend to fall slightly during pullbacks, reducing the risk of a premature exit due to a temporary price drop. The recovery rate after the pullback is quicker but is slightly lower than the rate at which a new Dodge Trend high would be established in an uptrend. This unique adjustment feature allows the Dodge Trend to chase price action in an exponential fashion, potentially enabling a quicker exit when the trend shifts.
Key Settings:
Length: Adjust how much price action is taken into consideration for the ATR average. Lower values yield higher responsiveness to recent price action.
Size: Determines the initial deviation of the Dodge Trend when it resets after every flip/break.
Source: Specifies the data point (close, high, open, low, hl2, etc.) used for the Dodge Trend.
Dodge Intensity: Adjusts the intensity of the pullback effect. Higher values result in more intense pullbacks. Range is limited between 0 and 99, with 95 as the recommended default.
Bullish Color Setting: Sets the color for the uptrend Dodge Trend.
Bearish Color Setting: Sets the color for the downtrend Dodge Trend.
Dodge Trend is a powerful tool for traders looking to ride trends and avoid unnecessary exits due to short-term price fluctuations. While it offers a unique feature that may potentially improve trading outcomes, it should be used in conjunction with other indicators and analysis methods for a comprehensive trading strategy. As with all tools, it does not guarantee profitable trades but aims to give traders more actionable and precise information to base their decisions on.
Experience trend-following in a more adaptive and efficient manner with the Dodge Trend indicator, a tool designed to help you 'dodge' false exits and stay in line with the overall trend.
ASG Delta %This utility script provides a convenient way to calculate the percentage gain or drop of a token's price within a user-defined date range. It eliminates the need for manual measurement on individual charts, saving time and effort.
The script is particularly valuable when integrated into a daily token scanning routine for watchlists. By comparing the significant gains or drops among different tokens, traders can identify potential trading opportunities.
Simply select the desired date range, and the script will identify the highest and lowest price points achieved during that period. It then shows a visual representation in the form of a bullish or bearish box, displaying the percentage change (delta %). If the current price falls within the box's upper and lower bounds, additional percentage information can be shown in either the 'normal' or 'reverse' mode.
For instance, if a token experiences a -52.35% drop, enabling the 'Reverse' setting will reveal a potential 109.86% gain (from the low), or a 76.02% gain (from current price) or a potential drop of -16.5% (from current price) etc.. Having these basic statistics available, without having to manually chart them, especially during prolonged bear or bull markets, enables traders to make informed decisions and position themselves for more profitable trades.
I hope you find this script valuable. Your comments and recommendations are welcome as they will help improve the script's functionality further.
*ATR Levels*This script is an enhanced version of "Saty's ATR Levels". With the help of SimpleCryptoLife, he reimagined the script to include these differences:
-view the ATR levels easily with labels and know where the price action is in relation to a specific level
-the included "price follow line" extends across the screen and through the ATR levels label to allow you to easily identify which level you're in or about to enter either on an upswing or downswing
- a +/- 4 and 5 ATR level created that can be turned on for those crazy runners, occasionally a stock will run >5 ATR if you're lucky
Select levels are standard when firing up the indicator but you can click on the appropriate levels to suit your needs and save it from there.
There are several modes to choose from >> Day, Multiday, Swing, Position and Long-Term - Try them out and see what works best for your trading style. For instance:
-Day mode is great for, you guessed it, day trades whether long or shot and ideally paired with 1h or less timeframes
-Multiday is similar to Swing mode and is great for trades less than a week and generally paired with 30m to 1 day timeframe
-Swing mode is great for 1-3 week trades and can be used on higher timeframe such as 30m to 1 day
-Position & long term are of course for longer term trades and ideally paired with 4 hour to 1 month timeframes
ATR length of 14 is standard (look up "Wilder's 14")
Trend indicator based off of the 9-21-34 EMAs // - Range against ATR for each period // - Put and call trigger levels table was created by Saty, located in upper right
Generally, once a candle hits the 23.6% level, look to "go long" but be sure to wait for confluences that support your strategy. Maybe you can wait till the 38.2 level or even higher, dependent on your risk tolerance (stop loss recommended). A candle could come back and retest a certain level that you're eyeing and then continue upwards. As each level is hit, the greater the chance to hit 1 ATR (or higher!). You can start to scale out of a trade at any level but any of the main ATR levels like +1, +2 and so on would be ideal places to take some profit. Keep in mind that a stock can make a run in the pre-market and once the opening bell hits the stock might already be above the +1 ATR level or higher. Conversely the aforementioned is true for stocks to short. The -23.6% level would a "trigger" level but you can use -38.2 etc
Regarding the "use current close" check box: if you're in after or pre-market hours, the ATR levels will remain from the previous day so you'll want to check this box to see what the new levels will be for the current day. But you'll want to uncheck it and leave it unchecked throughout the trading day.
If you find this indicator invaluable and it helps you become a more consistent and profitable trader, feel free to give it a boost and leave a comment if you so desire. As always, trade at your own risk and never use more money than you afford to lose.
Focused Average True RangeThe Focused Average True Range (FATR) is a modified version of the classic Average True Range (ATR) indicator. It is designed to provide traders with more accurate data on volatility, minimizing the impact of sharp spikes in volatility.
The main distinction between the Focused ATR and the standard ATR lies in the utilization of percentiles. Instead of calculating the average price change as the regular ATR does, the Focused ATR selects a value in the middle of the range of price changes. This makes it less sensitive to sharp changes in volatility, which can be beneficial in certain trading scenarios.
Settings:
Percentile. This parameter determines which value in the series of price changes will be used. For example, if the percentile is set to 50, the indicator will use the median value of the series of price changes. This is the default value. Imagine a class of students lined up by height, and instead of calculating the average height of all students, we take the height of the students in the middle of the line. Similarly here, we take the ATR from the middle of the series. Increasing the percentile will lead to the use of a value closer to the upper bound of the range, while decreasing the percentile will lead to the use of a value closer to the lower bound.
How to Use:
The Focused ATR is especially useful for determining the sizes of stop-losses and take-profits, thanks to its ability to consider the value in the middle of the series of price changes rather than the average value. This allows traders to more accurately assess volatility and risk, which in turn can assist in optimizing trading strategies
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Фокусированный Средний Истинный Диапазон (Focused ATR) представляет собой модифицированную версию классического индикатора ATR. Он разработан с целью предоставления трейдерам более точных данных о волатильности, минимизируя влияние резких скачков волатильности.
Основное отличие Фокусированного ATR от стандартного ATR заключается в использовании процентиля. Вместо того, чтобы рассчитывать среднее значение изменений цены, как это делает обычный ATR, Фокусированный ATR выбирает значение в середине диапазона изменений цены. Это делает его менее чувствительным к резким изменениям волатильности, что может быть полезно в некоторых торговых сценариях.
Настройки:
Процентиль. Этот параметр определяет, какое значение в ряду изменений цены будет использоваться. Например, если процентиль равен 50, то индикатор будет использовать медианное значение ряда изменений цены. Это стандартное значение. Представьте себе, что ученики класса выстроились по росту, и мы считаем не средний рост всех учеников, а берем рост учеников из середины колонны. Так и тут. Мы берем ATR из середины ряда. Увеличение процентиля приведет к использованию значения, ближе к верхней границе диапазона, в то время как уменьшение процентиля приведет к использованию значения, ближе к нижней границе.
Как использовать:
Фокусированный ATR особенно полезен для определения размеров стоп-лоссов и тейк-профитов, благодаря своей способности учитывать значение в середине ряда изменений цены, а не среднее значение. Это позволяет трейдерам более точно оценить волатильность и риск, что в свою очередь может помочь в оптимизации торговых стратегий.
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Volatility Percentage MonitorVolatility Percentage Monitor (VPM)
What it’s meant for:
- VPM quickly shows asset volatility trend in percentage making easy to recognise how on-going price move compare to average. This is particularly useful in day-trading analysis too understand when the move possibly reaches it’s top.
- By default VPM shows a 1 period trend and Bollinger Bands on 20 periods.
How it works:
- VPM use a Simple Moving Average to reflect the exact percentage value in both daily and optional trend average measures. There’s also a switch in ‘Setting Menu’ to change the average method (Eg. You can choose RMA with a 14 period average and see a standard ATR graph on chart)
Settings:
- Additional averages can show short, mid and longterm volatility trends and can be adjusted from Setting Menu.
- An additional graph can be shown to display Standard Deviation from longterm period data: (Note: this is used to understand how reliable average data is on the given asset)
- Bollinger Bands can be turned on/off by the Setting Menu and adjusted in period and standard deviation (Suggestion: you can check standard deviation with longterm period average parameter and display trend)
- Average Method switch allow to change the calculation method for all averages with the most common methods
- The indicator is designed to be used with daily, weekly or monthly timeframe, but will work on any timeframe anyway.
- Works on any asset
Alerts:
- Preconfigured alerts can be activated to be notify on mid and top volatility daily reach
ATR Test (hakimnadir)TrendMaster Pro is a powerful trend-following indicator designed to assist traders in identifying and capitalizing on market trends. By combining two key components, Short-Term Trend 2 (ST2) and Short-Term Trend 3 (ST3), this indicator provides reliable entry signals and helps traders stay aligned with the prevailing market trend. With its user-friendly interface and customizable settings, TrendMaster Pro offers a comprehensive solution for traders seeking to enhance their trend trading strategies.
Key Features:
Short-Term Trend 2 (ST2):
Short-Term Trend 2 (ST2) serves as the primary entry signal for TrendMaster Pro. It is designed to identify short-term reversals within the market, providing traders with opportunities to enter trades at favorable prices. ST2 utilizes a combination of price action analysis, moving averages, and volatility indicators to generate accurate entry signals. When a bullish ST2 signal is generated, it indicates a potential buying opportunity, while a bearish signal suggests a potential selling opportunity.
Short-Term Trend 3 (ST3):
Short-Term Trend 3 (ST3) is the backbone of TrendMaster Pro, helping traders stay in alignment with the prevailing trend. ST3 focuses on the longer-term trend and acts as a confirmation filter for trades initiated based on ST2 signals. By considering the relationship between price, moving averages, and other trend indicators, ST3 helps traders filter out false signals and avoid trades against the dominant market trend. When ST3 confirms an ST2 signal, it strengthens the validity of the trade setup, increasing the probability of a successful trade.
Customizable Parameters:
TrendMaster Pro offers a range of customizable parameters, allowing traders to adapt the indicator to suit their trading preferences and timeframes. Users can adjust the sensitivity of ST2 and ST3 signals, enabling them to fine-tune the indicator based on their desired level of aggressiveness or conservatism. Additionally, traders can customize the color scheme and visual appearance of the indicator to enhance its visibility and integration with their charting setup.
Alert System:
To ensure traders never miss a potential trading opportunity, TrendMaster Pro includes a comprehensive alert system. Traders can set up audio or visual alerts to be notified when an ST2 signal is generated or when ST3 confirms an ST2 signal. This feature allows traders to stay informed even when they are not actively monitoring the charts, enabling them to capitalize on timely trade setups.
Multi-Timeframe Analysis:
TrendMaster Pro supports multi-timeframe analysis, enabling traders to incorporate higher timeframes for additional confirmation. By aligning the signals across multiple timeframes, traders can enhance the accuracy and reliability of their trades. This feature is particularly useful for swing traders and position traders who rely on higher timeframe analysis to capture significant trends.
Conclusion:
TrendMaster Pro is a comprehensive trend-following indicator that combines the power of Short-Term Trend 2 (ST2) and Short-Term Trend 3 (ST3) to generate reliable entry signals and help traders stay aligned with the prevailing market trend. With its customizable parameters, alert system, and support for multi-timeframe analysis, TrendMaster Pro offers traders a versatile tool to enhance their trend trading strategies. Whether you are a beginner or an experienced trader, TrendMaster Pro can serve as a valuable addition to your trading toolkit, helping you identify profitable trading opportunities in trending markets.
Parabolic SAR + EMA 200 + MACD SignalsParabolic SAR + EMA 200 + MACD Signals Indicator, a powerful tool designed to help traders identify optimal entry points in the market.
This indicator combines three popular technical indicators: Parabolic SAR (Stop and Reverse), EMA200 (Exponential Moving Average 200) and MACD (Moving Average Convergence Divergence) - to provide clear and concise buy and sell signals based on market trends.
The MACD component of this indicator calculates the difference between two exponentially smoothed moving averages, providing insight into the trend strength of the market. The Parabolic SAR component helps identify potential price reversals, while the EMA200 acts as a key level of support and resistance, providing additional confirmation of the overall trend direction.
Whether you're a seasoned trader or just starting out, the MACD-Parabolic SAR-EMA200 Indicator is a must-have tool for anyone looking to improve their trading strategy and maximize profits in today's dynamic markets.
Buy conditions
The price should be above the EMA 200
Parabolic SAR should show an upward trend
MACD Delta should be positive
ُSell conditions
The price should be below the EMA 200
Parabolic SAR should show an downward trend
MACD Delta should be negative
Bollinger Bands Lab - by InFinitoVariation of the Moving Average Lab that includes Bollinger Bands functionality for any manually created Moving Average. It includes:
- Standard Deviations for any MA
- Fixed Symmetrical Deviations for any MA that remain at a constant % away from the MA
- The same Moving Average creation settings from the Moving Average Lab
"The Moving Average Lab allows to create any possible combination of up to 3 given MAs. It is meant to help you find the perfect MA that fits your style, strategy and market type.
This script allows to average, weight, double and triple multiple types and lengths of Moving Averages
Currently supported MA types are:
SMA
EMA
VWMA
WMA
SMMA (RMA)
HMA
LSMA
DEMA
TEMA
Features:
- Double or Triple any type of Moving Average using the same logic used for calculating DEMAs and TEMAs
- Average 2 or 3 different types and lengths of Moving Average
- Weight each MA manually
- Average up to 3 personalized MAs
- Average different Moving Averages with different length each "
The preview screenshot shows:
- The combination of:
- 200 LSMA - Weight: 1
- 200 HMA - Weight: 2
- 200 VWMA - Weight: 1 - Double
- The regular Bollinger Band setting, 2 standard deviations
- Two fixed symmetrical deviations at 15% and 20% away from the XMA
Range Deviations @joshuuuThis indicator is able to show ranges, the equlibrium (50%) and range deviations.
It has four pre-defined options and one custom version.
Asia (2000-0000) ny time
CBDR(1400-2000) ny time
Flout(1400-0000) ny time
ONS (OverNightSession)(0400-0800) chicago time
Custom (you can choose the times)
ICT (Inner Circle Traders) teaches, that those range deviations of asia,cbdr,flout can be used to find the daily high/low.
TCM (The Currency Merchant) teaches, that a move out of the range often is a false move to trap traders into the wrong direction.
Positive Volatility and Volume GaugeThis is my first published script. It is a real volatility gauge that allows the user to see the real volatility of a given candle on the 15-min time frame. It also has the SMA of real volatility and volume available.
It provides the user to identify high volatility points that can lead to reversals back to the mid-point of said high volatility.
You can change the threshold of the signal line. For the 15-min time frame, I suggest that the 1.5-2.5 threshold be used for the best view.
Good luck and let me know if you have any questions or suggestions. I'm always open to learning.
Thank you!
Supply and Demand Deluxe (Stock Justice)Introducing " Supply and Demand Deluxe (Stock Justice) " - the ultimate TradingView indicator that revolutionizes how traders identify crucial supply and demand levels. With its unrivaled capabilities across multiple timeframes, this indicator offers a comprehensive toolkit for traders seeking an edge in the market.
To fully harness the power of "Supply and Demand Deluxe," traders can fine-tune the indicator's input parameters to suit their preferences and trading strategies. Let's delve into the key components and functionalities that make this indicator truly exceptional:
Daily and Weekly Pivots :
The indicator empowers you to plot vital reference points, including the previous week's high and low, yesterday's high and low, and the midpoint of yesterday's range. These plots provide invaluable insights into market sentiment and potential turning points.
Weekly Supply and Demand Levels :
Regardless of what timeframe you are looking at, this indicator allows you to unlock the ability to plot weekly supply and demand levels directly on your chart. Enjoy the freedom to customize the number of levels to plot, choose line colors and styles, and decide whether to extend the lines. For a more comprehensive analysis, enable the "Show Price" option to view the associated prices.
Daily Supply and Demand Levels :
Similar to the weekly levels, this feature allows you to plot daily supply and demand levels with ease. Tailor the number of levels, line colors, and styles to your preferences. The "Extend Left" and "Extend Right" options provide flexibility in determining whether the lines extend to the left, right, or both. Enable the "Show Price" option to display the corresponding prices, enhancing your decision-making process.
Hourly Supply and Demand Levels :
Effortlessly plot hourly supply and demand levels on your chart. The indicator automatically identifies these levels based on the highest and lowest values of previous ranges. Customize the number of levels, line colors, and styles to match your visual preferences. As with the previous features, you can display prices associated with these levels, amplifying your trading insights.
ATR Expected Moves :
Gain a deeper understanding of potential price moves with the ATR Expected Moves feature. Based on the Average True Range (ATR), this functionality allows you to plot expected price ranges. Adjust the lookback length and multipliers to fine-tune the calculation according to your trading style. With the flexibility to extend lines, choose colors and line styles, and display prices, you can adapt the indicator to your specific needs.
Futures Levels :
For futures traders, "Supply and Demand Deluxe" provides specific levels for the Midnight Open, London Open, Asian Open, and the 8:30am EST level. These pre-defined levels act as valuable reference points, enabling you to navigate futures markets with confidence.
By incorporating these cutting-edge features, the Supply and Demand Deluxe indicator by Stock Justice empowers traders to identify key supply and demand levels across various timeframes. Its customizable visual elements and adaptable parameters allow traders to align the indicator with their unique trading strategies, amplifying their potential for success.
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UNIQUENESS
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This one-of-a-kind indicator stands out from existing tools in the market due to its unparalleled combination of features and customization options. While other indicators may focus on specific aspects of supply and demand analysis, "Supply and Demand Deluxe (Stock Justice)" brings together a comprehensive suite of tools that cater to traders across various timeframes. From daily and weekly pivots to hourly supply and demand levels, this indicator covers a wide range of trading scenarios, allowing users to gain a holistic view of market dynamics.
What truly sets "Supply and Demand Deluxe" apart is the fact that it is its emphasis on customization. Traders have the freedom to fine-tune every aspect of the indicator, from the number of plotted levels to the colors, line styles, and extension options. By providing such extensive customization capabilities, this indicator enables traders to align it precisely with their unique trading strategies and preferences. Whether you're an aggressive short-term trader or a patient long-term investor, "Supply and Demand Deluxe" adapts to your individual style, empowering you to make well-informed trading decisions.
Furthermore, the incorporation of the ATR Expected Moves feature adds an extra layer of sophistication to this indicator. By leveraging the Average True Range, traders can gain insights into expected price ranges, enhancing their risk management and trade planning. The ability to adjust the lookback length and multipliers ensures that traders can adapt the ATR calculations to suit their desired level of precision. This feature, combined with the indicator's visual plots and customizable elements, sets "Supply and Demand Deluxe (Stock Justice)" in a league of its own, providing traders with an edge in understanding and navigating the market.
In summary, the uniqueness of "Supply and Demand Deluxe (Stock Justice)" lies in its comprehensive approach to supply and demand analysis, its extensive customization options, and the incorporation of the ATR Expected Moves feature. With its ability to cater to traders across various timeframes and adapt to individual trading styles, this indicator empowers users to unlock the full potential of supply and demand analysis and make informed trading decisions with confidence.
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Embrace the future of trading with "Supply and Demand Deluxe (Stock Justice)" and unleash the full potential of supply and demand analysis in your trading endeavors. Elevate your trading journey with this game-changing indicator.
MTF Fusion - PSAR [TradingIndicators]MTF Fusion PSAR intelligently adapts to whatever timeframe you're trading - dynamically calculating Parabolic SAR (Stop and Reverse) levels combined from four appropriate higher timeframes to give you a much broader view of the market and an edge in your trading decisions. It is the third indicator in our MTF Fusion series, and leverages our MTF Fusion algorithm - only this time to visualize J. Welles Wilder Jr.'s famous Parabolic SAR indicator.
What is MTF Fusion?
Multi-Timeframe (MTF) Fusion is the process of combining calculations from multiple timeframes higher than the chart's into one 'fused' value or indicator. It is based on the idea that integrating data from higher timeframes can help us to better identify short-term trading opportunities within the context of long-term market trends.
How does it work?
Let's use the context of this indicator, which calculates PSAR levels, as an example to explain how MTF Fusion works and how you can perform it yourself.
Step 1: Selecting Higher Timeframes
The first step is to determine the appropriate higher timeframes to use for the fusion calculation. These timeframes should typically be chosen based on their ability to provide meaningful price levels and action which actively affect the price action of the smaller timeframe you're focused on. For example, if you are trading the 5 minute chart, you might select the 15 minute, 30 minute, and hourly timeframe as the higher timeframes you want to fuse in order to give you a more holistic view of the trends and action affecting you on the 5 minute. In this indicator, four higher timeframes are automatically selected depending on the timeframe of the chart it is applied to.
Step 2: Gathering Data and Calculations
Once the higher timeframes are identified, the next step is to calculate the data from these higher timeframes that will be used to calculate your fused values. In this indicator, for example, the values of PSAR levels are calculated by determining the value of the PSAR indicator for all four higher timeframes.
Step 3: Fusing the Values From Higher Timeframes
The next step is to actually combine the values from these higher timeframes to obtain your 'fused' indicator values. The simplest approach to this is to simply average them. If you have calculated the value of a PSAR level from three higher timeframes, you can, for example, calculate your 'multi-timeframe fused level' as (HigherTF_PSAR_Level_1 + HigherTF_PSAR_Level_2 + HigherTF_PSAR_Level_3) / 3.0.
Step 4: Visualization and Interpretation
Once the calculations are complete, the resulting fused indicator values are plotted on the chart. These values reflect the fusion of data from the multiple higher timeframes, giving a broader perspective on the market's behavior and potentially valuable insights without the need to manually consider values from each higher timeframe yourself.
What makes this script unique? Why is it closed source?
While the process described above is fairly unique and sounds simple, the truly important key lies in determining which higher timeframes to fuse together, and how to weight their values when calculating the fused end result in such a way that best leverages their relationship for useful TA.
This MTF Fusion indicator employs a smart, adaptive algorithm which automatically selects appropriate higher timeframes to use in fusion calculations depending on the timeframe of the chart it is applied to. It also uses a dynamic algorithm to adjust and weight the PSAR calculations depending on each higher timeframe's relationship to the chart timeframe. These algorithms are based on extensive testing and are the reason behind this script's closed source status.
What is the PSAR indicator?
The Parabolic SAR (Stop and Reverse) indicator is a technical analysis tool that helps identify potential trend reversals in price movements. It was developed by J. Welles Wilder Jr. and is widely used by traders to determine entry and exit points in the market. It consists of levels that are plotted above or below current price. The position of these plots relative to the price provides valuable information about the prevailing trend and potential reversal points.
Here's how the original PSAR indicator works:
Upward Trend: When the Parabolic SAR level is plotted below the price, it indicates an upward trend in the market. The level generally moves closer to the price as the trend progresses. This creates a parabolic curve that rises with time. Traders typically interpret this as a bullish signal, suggesting that it may be a good time to buy or hold positions.
Downward Trend: Conversely, when the Parabolic SAR level is plotted above the price, it indicates a downward trend in the market. The plot generally moves closer to the price as the trend continues, forming a parabolic curve that declines with time. This is considered a bearish signal, suggesting that it may be a suitable time to sell or avoid taking long positions.
Reversal Points: The primary purpose of the Parabolic SAR indicator is to identify potential trend reversals. When the price crosses above or below the Parabolic SAR level, it indicates a possible reversal in the trend.
The Parabolic SAR indicator is versatile and can be used in various market conditions and timeframes. It is particularly useful in trending markets, where it helps traders ride the trend and capture potential profits. However, it's important to note that the Parabolic SAR may generate false signals or provide delayed indications in sideways or choppy markets.
Included Features
Fusion PSAR levels
Filled zones to highlight trends
Full customization of PSAR parameters
Pre-built color stylings
Options
Fusion View: Show/hide the Fusion PSAR levels calculated from multiple higher timeframes
Fill Trending Zones: Show/hide the fill for 'trending zones' between price and the Fusion PSAR levels
Start: Defines the rate at which the PSAR levels move closer to the price during the initial stages of a trend (higher = faster convergence, lower = slower convergence)
Increment: Controls the rate at which the acceleration factor increases or decreases as the trend continues (higher = faster convergence, lower = slower convergence)
Max: Sets a limit on the maximum value that the acceleration factor can reach
Pre-Built Color Styles: Use a pre-built color styling (uncheck to use your own colors)
Manual Color Styles: When pre-built color styles are disabled, use these color inputs to define your own
Bollinger Bands and SMA Channel Buy and Sell
This Indicator is a combination of a standard BB indicator incorporated with a SSL Channel by ErwinBeckers which is Simple Moving average with a length of set at 10 (Default) and calculates the high and low set for the default 10 to form a Channel.
The Settings for the Bollinger Band is the standard settings on a normal Bollinger Band - Length 20, source close and Standard dev 2
The setting for the SMA is length 10 and the high and low calculated or that length to form a channel.
The SMA Channel gives a green line for the Up channel and the Red line for the down Channel.
The basis of the indicator is that the Candle close above the Basis line of the BB and the SMA green line will give a buy indicator
and the same for Sell indicator the candle close below the basis BB and the SMA line Red will give a Sell indicator.
Please note that this indicator is a mix of 2 basic indicators found in Trading view, giving Buy and Sell indicators to make things easier to not look for this visually.
This code will be open source for anyone to use or back test or use it for whatever they want.
This code is for my own personal trading and cannot be relied upon. This indicator cannot be used and cannot guarantee anything, and caution should always be taken when trading. Use this with other indicators to give certanty.
Again use this for Paper Trading only.
I want to thank TradingView for its platform that facilitates development and learning.
