Ultimate Indicator

8. Aug. 2022

This is a combination of all the price chart indicators I frequently switch between. It contains my day time highlighter (for day trading), multi-timeframe long-term trend indicator for current commodity in the bottom right, customizable trend EMA which also has multi-timeframe drawing capabilities, VWAP, customizable indicators with separate settings from the trend indicator including: EMA, HL2 over time, Donchian Channels, Keltner Channels, Bollinger Bands, and Super Trend. The settings for these are right below the trend settings and can have their length and multiplier adjusted. All of those also have multi-timeframe capabilities separate from the trend multi-time settings.

The Day Trade Highlight option will draw faint yellow between 9:15-9:25, red between 9:25-9:45, yellow between 9:45-10:05. There will be one white background at 9:30am to show the opening of the market. while the market is open there will be a very faint blue background. For the end of the day there will be yellow between 15:45-15:50, red between 15:50-16:00, and yellow between 16:00-16:05. During the night hours, there is no coloring. The purpose of this highlight is to show the opening / closing times of the market and the hot times for large moves.

The indicators can also be colored in the following ways:
1. Simple = Makes all colors for the indicator Gray
2. Trend = Will use the Donchian Channels to get the short-trend direction and by default will color the short-term direction as Blue or Red. Unless using Super Trend, the Donchian Channel is used to find short-term trend direction.
3. Trend Adv = Will use the Donchian Channels to get the short-trend direction and by default will color the short-term direction as Blue or Red. Unless using Super Trend, the Donchian Channel is used to find short-term trend direction. If there is a short-term up-trend during a long-term down-trend, the Blue will become Navy. If short-term down-trend during long-term up-trend, the Red will be Brown.
4. Squeeze = Compares the Bollinger Bands width to the Keltner Channels width and will color based on relative squeeze of the market: Teal = no squeeze. Yellow = little squeeze. Red = decent squeeze. White = huge squeeze. if you do not understand this one, try drawing the Bollinger Bands while using the Squeeze color option and it should become more apparent how this works. I also recommend leaving the length and multiplier to the default 20 and 2 if using this setting and only changing the timeframe to get longer/shorter lengths as I've seen that changing the length or multiplier can more or less make it not work at all.

Along with the indicator settings are options to draw lines/labels/fills for the indicator. I enjoy having only fills for a cleaner look.
The Labels option will show Buy/Sell signals when the short-term trend flips to agree with the long-term trend.
The Trend Bars option will do the same as the Labels option but instead will color the bars white when a Buy/Sell option is given.
The Range Bars option shows will color a bar white when the Close of a candle is outside of a respective ranging indicator option (Bollinger or Keltner).

The Trend Bars will draw white candles no matter which indicator selection you make (even "Off"). However, Range Bars will only draw white when either Bollinger or Keltner are selected.



The Donchian Channels and Super Trend are trending indicators and should be used during trending markets. I like to use the MACD in conjunction with these indicators for possibly earlier entries.
The Bollinger Bands and Keltner Channel are ranging indicators and should be used during ranging markets. I like to use the RSI in conjunction with these indicators and will use 60/40 for overbought and oversold areas rather than 70/30. During a range, I wait for an overbought or oversold indication and will buy/sell when it crosses back into the middle area and close my position when it touches the opposite band.
I have a MACD/RSI combination indicator if you'd like that as well :D


As always, trade at your own risk. This is not some secret indicator that will 100% win. As always, the trades you see in the picture use a 1:1.5 or 1:2 risk to reward ratio, for today (August 8, 2022) it won 5/6 times with one trade still open at the end of the day. Manage your account correctly and you'll win in the long term. Hit me up with any questions or suggestions. Happy Trading!

8. Aug. 2022

Versionshinweise

Wanted to include that today's trades were from 5:30am to end of day close.
- Also Updated the Name and max_labels_count

9. Aug. 2022

Versionshinweise

Minor Changes:
- Day Trade Highlight only works on charts 15m or below. Find it mostly is just noise on the screen at higher timeframes.
- Took the word "length" out of "Indicator length" in the settings.
- Rearranged the colors under the "Assign Colors" portion of the SuperTrend section of code
- Added a note to the transparency setting under the "Assign Colors" portion of the SuperTrend section of code
- I noticed that the colors for the Super Trend were backwards (red was for uptrend, blue was for downtrend), they have been fixed to correctly show red for downtrend and blue for uptrend.

24. Dez. 2022

Versionshinweise

Lots of updates:
- Can change time to consider Day Light Savings
- Added VWAP indicator which is separate from the VWAP trend line and utilizes the "Mult" option for standard deviation bands.
- Changed some bar colors when signals are produced
- Added Super Trend alert options per request.

26. Feb. 2023

Versionshinweise

Quality of life improvements:
- Added a "night time" to the day trading highlight -> Night time will show as darker on the chart than the day
- Added a "Cloud" indicator that will draw a cloud between the Trend EMA and the Indicator EMA
- Indicator EMA / HL2 / Cloud will now draw properly even if the "Draw Lines / Fill" boxes are not checked.

4. März 2023

Versionshinweise

Added a tooltip for standard deviation

8. Apr. 2023

Versionshinweise

Few changes just to make things a bit more intuitive.
- Added Day Light Savings checkbox to the Highlight Day Trading option
- Rearranged the Indicator options so the first few are the trending indicators and the last few are the ranging indicators

26. Sept. 2023

Versionshinweise

Quick update, didn't add much just changed some default settings, changed the names of a few variables, and edited the screener to have a gray zone which would indicate it is near the respected time zone's 200 EMA. It will still show a green "Up" or red "Down" if above or below the 200 EMA. Now it shows gray when near the 200 EMA to indicate that maybe price is moving sideways in that timeframe or price is unsure if it will continue in a certain direction.

26. Feb.

Versionshinweise

Mainly changed the way the screener decides if the time frame is trending or ranging. Let me describe the old and new way.
Old method:
Keltner based on Trend EMA, multiplier is always set to 1.5
- If [close] is above keltner upper band, then up trend
- If [close] is below keltner lower band, then down trend
- If [close] is inside keltner channel, then range

New method:
Keltner based on Trend EMA, multiplier is always set to 2.5
- If [close] is above keltner upper band, now in up trend
- If [close] is below keltner lower band, now in down trend
- If [close] closes across Trend EMA, then range

Reason for these changes:
Now that the multiplier is set to 2.5 rather than 1.5, it now makes the start of a Up / Down trend more strict (it's harder to reach further away from Trend EMA). So when it switches from Range to Up / Down, you know it's a more confident trend.
With the change of going from Trend to Range as crossing the Trend EMA rather than just being inside the Keltner Channel, this makes the switch from Up / Down to Range more confident as price now has to go all the way back to the EMA.
This should result in the Trend or Range indicator being more confident in both scenarios as now the initiation for each decision is now harder to reach. And on top of that, the Trend/Range changes should not flip back and forth as much since the price could ride along the Keltner bands making it flip quickly.


other small changes:
- Got rid of the bolinger squeeze color
- Can now color price bars based on trend or range, this is dependant on the indicator you've selected

26. Feb.

Versionshinweise

Had to fix the trend screener changes I just made. Needed the If/else statements to end with the default option being the previous Trend value rather than "na"

vorgestern

Versionshinweise

I added a new indicator -> Range Finder. It calculates the ATR using a length of 22. Then it multiplies that by the indicator multiplier you can set. Finally, it uses the indicator length which you can set to determine how long it must be within a ranging market to start highlighting it. I have found I like setting the indicator length to about 14-20 with a multiplier of 4 when using the Range Finder.

Had to adjust the fill/channel color choosing madness, still cant figure out why my fill colors don't work for this indicator specifically. I feel like I've tried every combination of ways. I'm trying to set it so that the Range Finder will be on even if "Fill" is unchecked and then it will draw the red and blue zones if "Fill" is checked. But no matter what I do, it doesn't work that way.

So for now if you're using the new Range Finder indicator, you must check the box for "Lines" or "Fill" or both to see it. I also do not have any signals setup for this. I don't believe this is one you really should be signaling with, it's more of a verification for other signals you'd be taking like RSI signals while the Range Finder is showing price is in a range.

Made some minor changes like disabling night time highlighting, some other little clean up things not too noteworthy.