PTZ AIO

vor 19 StundenThe "PTZ AIO" indicator combines multiple technical indicators into a single view and displays a table summarizing their values and recommended actions. Here's a breakdown of its functionality and how to use it

It is a comprehensive tool for traders on the Trading View platform, designed to support their trading by adding Pivot Points ,EMA,VWAP,Fibonacci Values, ALL TIME HIGH and some other tools to improvise their trading, Below we have explained the contents and features of the indicator .This indicator provides flexibility and customization, allowing traders to adapt it to their specific trading strategies.

Features

Fibonacci Levels

The prefixed values price and volume breakouts to activate the Fibonacci levels displayed on the chart.

Fibonacci levels are a technical analysis tool used by some traders to identify potential support and resistance levels. The principle for determining these levels is to take the distance between selected reference high and low points (swing high and swing low in general) as 1 unit and mark the ratios derived from the Fibonacci sequence.


What Makes it Unique?

Indeed, in the Fibonacci Tool provided by Trading View, we can see both linear and logarithmic levels. However, to view logarithmic levels, it is necessary to switch the relevant instrument's Super Chart to a logarithmic scale. This causes the levels we want to remain 'linear' to also be displayed in their logarithmic form, potentially leading to errors in other indicators we use, incorrect functioning of trend lines drawn in linear scaling, and so on. Additionally, when the Super Chart is scaled logarithmically, it prevents the ability to set alerts for prices and trend lines. This indicator was created to avoid these problems without needing to change the chart's scaling method and to allow the simultaneous viewing of both Linear and Logarithmic levels.


How to Use
This TradingView script combines multiple technical indicators into a single view and displays a table summarizing their values and recommended actions. Here's a breakdown of its functionality and how to use it:

1. Indicators Used
Exponential Moving Averages (EMA): Calculated for multiple lengths (10, 20, 50, 100, 200). These EMAs help identify the direction of the trend.
Simple Moving Average (SMA): Uses a 200-period length to give a broader sense of trend direction.

Bollinger Bands: These indicate volatility by plotting an upper and lower band around the price. If the price breaks the upper band, it's a potential "Buy," and if it breaks the lower band, it signals a possible "Sell."

Fibonacci Tool provided by Trading View to ensure users feel familiar with it. When you start the indicator, select the reference levels (Level 1 and Level 0), then click on the indicator settings to choose specific levels and customize them according to your preferences.


A small script to track all-time high/low levels.
You can create alerts when levels will be updated.
A simple vwap based Intraday trend indicator.

Volume-Weighted Average Price (VWAP) - the average price weighted by volume, starts when trading opens and ends when it closes. This can help institutions buy or sell in large orders, without disturbing the market.

After buying or selling, institutions compare instrument price to closing VWAP values at end of the day.
For big financial institutions;
A buy order executed below the VWAP value, considered a good fill because the security was bought at a below average price.
A sell order executed above the VWAP would be deemed a good fill because it was sold at an above average price.

Simple price based moving average is not helpful for them; = as it doesn't incorporates volume traded. Hence - VWAP :)

So how it helps us in decoding the IntraDay-trend? - Through a 2 day vwap co-relation.

So, Closing value of previous day vwap = Pvwap
Today's running vwap = Vwap

The Supertrend Indicator is an advanced trading tool designed to help traders identify trend directions and potential buy/sell signals by combining Supertrend indicators from multiple timeframes. This script is original in its approach to integrating Supertrend calculations across different timeframes, providing a more comprehensive view of market trends.


Pivot Points
Standard pivot points re-written with Line plots.
Only shows the current pivot points. P, R1/R2, S1/S2,R3, R4 etc.


3. How to Interpret the Colors
The table uses color-coding to highlight the current status:
Green: Indicates a bullish signal or a buy recommendation.
Red: Indicates a bearish signal or a sell recommendation.

4. Customization
You can adjust the lengths of each indicator by changing the input values for EMA, SMA,VWMA,RMA in the settings.
You can also modify the colors for the EMAs, Bollinger Bands, and other indicators to suit your preference.