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Month Separator Month Separator Indicator This Pine Script indicator separates each month on the chart by visually marking the change between months. Features: The indicator detects when the month changes. It highlights the background with a semi-transparent blue color to differentiate the months. A small red triangle is plotted at the top of the chart at the beginning of each new month, providing a clear visual cue. Customization: You can easily adjust the colors or styles in the script by modifying the bgcolor and plotshape functions. The indicator works on all timeframes, but it is especially useful on higher timeframes (like daily or weekly charts) to track monthly transitions. This script is ideal for traders who want a clear visual representation of month boundaries to analyze trends and key levels more effectively.
Pine Script™ Indikator
von lilebi
Relative Risk MetricOVERVIEW The Relative Risk Metric is designed to provide a relative measure of an asset's price, within a specified range, over a log scale. PURPOSE Relative Position Assessment: Visualizes where the current price stands within a user-defined range, adjusted for log scale. Logarithmic Transformation: Utilizes the natural log to account for a log scale of prices, offering a more accurate representation of relative positions. Calculation: The indicator calculates a normalized value via the function Relative Price = / log(UpperBound) − log(LowerBound) . The result is a value between 0 and 1, where 0 corresponds to the lower bound and 1 corresponds to the upper bound on a log scale. VISUALIZATION The indicator plots three series: Risk Metric - a plot of the risk metric value that’s computed from an asset's relative price so that it lies within a logarithmic range between 0.0 & 1.0. Smoothed Risk Metric - a plot of the risk metric that’s been smoothed. Entry/Exit - a scatter plot for identified entry and exit. Values are expressed as percent and are coded as red being exit and green being entity. E.g., a red dot at 0.02 implies exit 2% of the held asset. A green dot at 0.01 implies use 1% of a designated capital reserve. USAGE Risk Metric The risk metric transformation function has several parameters. These control aspects such as decay, sensitivity, bounds and time offset. Decay - Acts as an exponent multiplier and controls how quickly dynamic bounds change as a function of the bar_index. Time Offset - provides a centering effect of the exponential transformation relative to the current bar_index. Sensitivity - controls how sensitive to time the dynamic bound adjustments should be. Baseline control - Serves as an additive offset for dynamic bounds computation which ensures that bounds never become too small or negative. UpperBound - provides headroom to accomodate growth an assets price from the baseline. For example, an upperbound of 3.5 accommodates a 3.5x growth from the baseline value (e.g., $100 -> $350). LowerBound - provides log scale compression such that the overall metric provides meaningful insights for prices well below the average whilst avoiding extreme scaling. A lowerbound of 0.25 corresponds to a price that is approx one quarter of a normalised baseline in a log context. Weighted Entry/Exit This feature provides a weighted system for identifying DCA entry and exit. This weighting mechanism adjusts the metric's interpretation to highlight conditions based on dynamic thresholds and user-defined parameters to identify high-probability zones for entry/exit actions and provide risk-adjusted insights. Weighting Parameters The weighting function supports fine-tuning of the computed weighted entry/exit values Base: determines the foundational multiplier for weighting the entry/exit value. A higher base amplifies the weighting effect, making the weighted values more pronounced. It acts as a scaling factor to control the overall magnitude of the weighting. Exponent: adjusts the curve of the weighting function. Higher exponent values increase sensitivity, emphasizing differences between risk metric values near the entry or exit thresholds. This creates a steeper gradient for the computed entry/exit value making it more responsive to subtle shifts in risk levels. Cut Off: specifies the maximum percentage (expressed as a fraction of 1.0) that the weighted entry/exit value can reach. This cap ensures the metric remains within a meaningful range and avoids skewing Exit condition: Defines a threshold for exit. When the risk metric is below the exit threshold (but above the entry threshold) then entry/exit is neutral. Entry condition: Defines a threshold for entry. When the risk metric is above the entry threshold (but below the exit threshold) then entry/exit is neutral. Weighting Behaviour For entry conditions - value is more heavily weighted as the metric approaches the entry threshold, emphasizing lower risk levels. For exit conditions - value is more heavily weighted as the metric nears the exit threshold, emphasizing increased risk levels. USE-CASES Identifying potential overbought or oversold conditions within the specified logarithmic range. Assisting in assessing how the current price compares to historical price levels on a logarithmic scale. Guiding decision-making processes by providing insights into the relative positioning of prices within a log context CONSIDERATIONS Validation: It's recommended that backtesting over historical data be done before acting on any identified entry/exit values. User Discretion: This indicator focus on price risk. Consider other risk factors and general market conditions as well.
Pine Script™ Indikator
von foosmoo
MoneyGang Advanced Weekly Visualizer (Español)**Title:** 🚀 MoneyGang Advanced Weekly Visualizer 🌟 **Description:** Transform your charts with the **MoneyGang Advanced Weekly Visualizer**! This feature-packed indicator helps you stay on top of weekly market trends and intraday action like never before: ✨ **Key Features:** - 📅 **Daily Highlights**: Easily spot trends with customizable day overlays. - 🕒 **NY Open/Close Markers**: Automatically shows key session times on all timeframes. This tool is designed for traders who want a clean, professional view of market movements—whether you're a swing trader, day trader, or just leveling up your charting game! 🔧 **Simplify your analysis and trade smarter today!** 🌟
Pine Script™ Indikator
von ElBichotedelosGraficos
MTF Fractal Bias Confluence DetectorMTF Fractal Bias Confluence Detector This indicator, the MTF Fractal Bias Confluence Detector, is based on the idea that the market exhibits fractal behaviour. The origin of the idea traces back to 1963, when Benoit Mandelbrot analyzed the fluctuations in cotton prices over a time series starting in 1900, discovering that price changes exhibited scale-invariant patterns. This means that the curve representing daily price changes mirrored the shape of monthly price changes, highlighting the fractal nature of market behaviour. When applied to swing points across multiple timeframes (MTF), this concept suggests that swing points demonstrate similar patterns regardless of the timeframe being analyzed. These self-similar fractal structures provide traders with insights into market reversals and trends, making them a powerful tool for multi-timeframe analysis. A Swing Point is made up of three main parts: a move away from the last Break level; forming a peak (pivot point) with a Fakeout of the peak (explained through an example later); and a subsequent move away from it. These swing points recur across all timeframes as part of cyclical momentum patterns, meaning each swing point gives rise to a new cycle of market movement. Due to the fractal nature of the market, larger cycles encompass multiple smaller ones. The theory behind the Fractal Bias Confluence Detector utilizes the idea that the market movements are fractal in nature and illustrates how such swing points can be identified across MTFs. To do so, we examine the Peak Fakeouts within these cycles, as they form. It is not possible to know in advance how long each of these moves will last, but a Swing Point will often occur with a Peak Fakeout. Therefore, the most critical element is to identify the Peak Fakeout. The snapshot below captures a Peak Fakeout, as discussed earlier. Similarly, the following snapshot shows various possible breakdowns of Higher Time Frame (HTF) cycles into smaller Lower Time Frame (LTF) movements. The chart contains a white table(not part of the indicator and shown for illustration purposes only). To further illustrate. Consider the combination of Time Frames (TF) from the 2nd row (from the above snapshot). Cycle TF (1M), Setup TF (1W), Momentum TF (1D) etc. Price movements in the 1M TF highlight the direction in which HTF traders are pushing the market. Often, when markets have broken out of a level, they tend to form a peak and can then pull back towards the prior breakout level. Once the pullback is beyond the last breakout level, in the opposite direction, we may say the peak formation is created, and directional bias has changed. This is also called Peak Fakeout. Due to the fractal nature of the market, Swing Points on the HTF will often constitute multiple Swing Points on the LTF, though they are not always in sync. However, after such peak formation, there is a high probability that the price might move away from the peak for at least 1 candle (in the cycle TF). This theory illustrates that once a new cycle is in play, we can then look at 1W (Setup TF) to look for possible in-sync movements, at least within that 1 candle of the HTF. Repeating the same for further lower TFs, we may arrive at a confluence of Fractal Bias and see how the movements in LTF are driven by the HTF momentum. Another example within the chart: Note: The above examples are just for illustration purposes, and other permutations and combinations of movements across multiple TFs are also possible. This indicator aims to help users identify such fractal-bias-confluences, so that they can leverage the fractal nature of the market to get a holistic view. To do so, the indicator displays how the market has moved across multiple time frames, with respect to different historical levels. Features: 1. The bias summary table The following snapshot depicts the bias summary table at the bottom right of the chart. 1.1. Workings: The table will display, for various TFs, in the first four (starting from "current" to Prev ) rows, one of the following. "F/H" , " Acronym for the failed break of the previous high", "F/L" , " Acronym for the failed break of the previous low", "B/H" , " Acronym for the break of the previous high", "B/L" , " Acronym for the break of the previous low", "IN" , " Acronym for an inside candle (never broke high or low of perv candle)", "OT" , " Acronym for an outside candle (broke both high and low of previous candle and closing price is in between previous high and low)". Note: these acronyms are customizable according to the user's choice of terminology in any language, as shown in the snapshot below. 1.1.1 In the above snapshot, the 1st row, called "Current", shows how the current candle is evolving with respect to the previous one. The "previous" row shows how the previous candle closed with respect to the pre-previous one. The next two rows represent the bias of the pre-previous and pre-pre-previous in a similar manner. By default, the bias is updated in real-time, even for the already closed historical candles. For example, if the previous 4H candle closed as a B/H and the current price then comes below the pre-previous 4H candle high, then the bias of the previous candle will get updated to F/H. This informs the user that the break above the pre-previous high has failed. However, the user has the option to turn this off. The information in these four rows shows the user how the market is moving currently and how it evolved before reaching the current price levels. Note: The calculation done by the indicator is to keep track of how the price is moving with respect to the last candle levels in real-time. This means if the price first goes above the previous high and then goes below the previous low, the indicator is equipped to display what happened in the most recent time. The snapshot below shows the option to turn on/off such updates in the bias summary table. Note: While the bias summary table is turned on, the user also has the option to turn off Prev and Prev rows, as shown in the snapshot below. 1.1.2 The 2nd to last row, called CL/CS(Consecutive Long/Short), shows whether consecutive (2+) breaks of high/low happened or not in one direction without taking out the previous candle's range in the opposite direction. When conditions are met, it will show the number of times the price has been pushed in one direction (in the above manner), followed by "L" for long and "S" for short, for each TF, for example, "4L". It gets updated in real-time for each push in the same direction. Furthermore, a good analogy of "4L" on an HTF is 4 consecutive Break of Structure (BOS) (in the same direction) on LTF, without a Change of Character (CHoCH). Another example would be Stacey Burke's 3 consecutive rises that can be mapped in the indicator, if the conditions are met for "3L" for a given TF. 1.1.3 The last row, FRC/FGC, stands for the first red/green candle. It shows whether the last candle of a TF has closed as green (i.e., close>open) after posting two red candles (i.e., close<open). This helps understand possible short-term retracements in price movements. 1.2 Customizability 1.2.1 We provide a wide range of customizable options, including multiple time frames to choose from for each type of TFs. This is shown in the snapshot below. 1.2.2 All the acronyms on the summary table are customizable and can be user-defined, including text, background color and transparency. This is shown in the snapshot below. 2. High-low lines 2.1 We also show the high and low of various TFs, including the current high and low lines (which are updated in real-time. This can be observed in one of the previous snapshots. 2.2 Previous high, low and close lines can be extended (for Cycles, Setups and Momentum TFs). Their style and thickness are also customizable. This can be observed in one of the previous snapshots. Note: The user has the option to turn all the lines off. Sub-options include turning off the current line only. Changing the color, thickness, and transparency of the lines. This can be observed in one of the previous snapshots. 3. Last known Break / Failed Break lines. 3.1 We also depict the last known Break and Failed break lines for the user to have all the important levels at their disposal. This can be observed in one of the previous snapshots. Note: The user has the option to turn this on/off. 4. Magnifier Box 4.1 We have provided the user to look at thirty 1m candles inside a magnifier box while they are in a higher TF chart. The user has the option to turn this on/off. 5. Moving Averages (MA) We have also grouped some built-in MA options for the user to utilize along with other elements of the indicator to help them get another layer of confluence. The user has the option to turn this on/off. Disclaimer: The indicator leverages pre-existing theories of market movements. These can be found in decades-old published materials (like books, journals, public lectures accessible over popular video-sharing websites, etc.). As such, we do not claim to have any exclusive rights over the underlying theories. There are many analogous theories and nomenclatures that users can map onto this indicator. Users may also use the indicator in combination with other indicators. 1. Educational Use Only The "MTF Fractal Bias Confluence Detector" is provided for educational purposes only. It does not constitute an offer, or an obligation, or a guarantee, of profitable trades or loss prevention. 2. No Financial Advice This tool should not be viewed as financial advice for either trading or investment(s). 3. User Responsibility Users alone bear all risks associated with any decisions they make using this tool. Past performance does not guarantee future results. By using the "MTF Fractal Bias Confluence Detector," you acknowledge that you have read, understood and accepted this disclaimer in its entirety.
Pine Script™ Indikator
von Harshb25
Sessions - Graphiques Key Features: 1. Session Visualization: • Highlights predefined trading sessions directly on the chart using different colors for each session: • London Session (default: 03:00-12:00 UTC) • New York Session (default: 08:00-17:00 UTC) • Tokyo Session (default: 20:00-04:00 UTC) • New York Lunch Session (default: 12:00-13:00 UTC) • Frankfurt Session (default: 02:00-04:00 UTC) • Option 1 Session (default: 17:00-19:00 UTC) • Option 2 Session (default: 19:00-20:00 UTC) • Each session is shaded or outlined depending on user preferences (bgColor input). 2. Daily High/Low Levels: • Tracks the highs and lows within each session and displays them as lines on the chart. • Highlights the session’s high and low ranges using filled areas or colors. 3. Alerts for Breakouts: • Alerts are triggered when the price breaks above the session’s high or below the session’s low after the session ends. • Configurable alerts for each session: • “High Broken” alert when the price exceeds the session high. • “Low Broken” alert when the price drops below the session low. 4. Daily Reset: • Resets the tracked high and low levels at the start of a new day to ensure fresh data. 5. Customizability: • Users can enable or disable specific sessions via the input settings. • Custom colors can be assigned to each session for better visual differentiation. Purpose: The script is primarily intended for traders who want to monitor and analyze price behavior during specific trading sessions. It helps identify potential breakout opportunities and provides a visual context of how price moves relative to session ranges.
Pine Script™ Indikator
von Nemesis_Investor
Fractal Highs and LowsFractal Highs and Lows Indicator This indicator identifies fractal highs and fractal lows based on strict price action rules: Fractal High: A valid fractal high occurs when the high of the middle (second) candle is greater than the highs of both the first and third candles. Fractal Low: A valid fractal low occurs when the low of the middle (second) candle is lower than the lows of both the first and third candles. Features: Tiny Fractal Markers: Red triangles above valid fractal highs. Green triangles below valid fractal lows. Precise Placement: The markers are plotted directly above or below the middle candle (the fractal candle) for clarity and accuracy. Designed for traders who prefer clean, price-action-based tools without additional noise. Use Case: This indicator is perfect for identifying potential turning points in the market, aiding in decision-making for entries, exits, or validation of market structure. How to Use: Add the indicator to your chart. Look for red markers to identify potential resistance (fractal highs) and green markers for potential support (fractal lows). Combine with other tools or strategies to confirm your trading decisions.
Pine Script™ Indikator
von nptrade24
MoneyGang Advanced Weekly Visualizer (Español)**MoneyGang Advanced Weekly Visualizer (Español)** 🛠️📊 Take your trading charts to the next level with **MoneyGang Visual+**! This tool is perfect for traders who want to add custom labels, dynamic visuals, and a personalized watermark to their charts. --- ### ✨ **Features:** ✅ **Custom Week Labels**: Add labels for each day of the week. Toggle specific days and control how many weeks are displayed (up to 52!). ✅ **Highlight Days**: Automatically highlight days with unique colors for better chart organization. ✅ **ATR-Based Levels**: Displays dynamic levels based on ATR for quick insights into potential market moves. ✅ **Personalized Watermark**: Includes: - Current Date 📅 - Asset Symbol + Timeframe (e.g., BTCUSDT | 60 Min) 💹 - A personal touch: *¡Puerto Rico Se Respeta Puñeta!* 🇵🇷 --- ### 🌟 **Why Use This Script?** - **Easy to Customize**: Simple toggles to adjust days, colors, and weeks shown. - **Visual Impact**: Make your charts clear and visually appealing with dynamic colors and labels. - **Built for Everyone**: Whether you’re trading Forex, crypto, or indices, this tool helps you stay organized. - **Boricua Pride**: Inspired by the creator’s roots, blending functionality with style. --- 💼 **MoneyGang Traders, Inc** Follow on IG: (www.instagram.com) Puerto Rico Representando 🌴 Get ready to level up your charts with **MoneyGang Advanced Weekly Visualizer**! 📊🔥
Pine Script™ Indikator
von ElBichotedelosGraficos
[GrandAlgo] Impulse & Balance The Impulse & Balance indicator identifies and labels three key levels—Impulse, Balance, and Apex—offering traders a structured and dynamic view of market behavior. Starting with the detection of Impulse levels, the indicator calculates corresponding Balance zones and Apex levels to provide actionable insights into price movement, potential reversals, and trend stability. This indicator adapts seamlessly to all timeframes and market types, giving traders a powerful tool for understanding market dynamics and refining their strategies. How It Works: Impulse: Identifies critical price levels where significant market conditions occur. These Impulse levels serve as the foundation for calculating Balance and Apex levels. Balance: Derived from Impulse levels, Balance zones mark areas of equilibrium where price tends to stabilize. These zones often act as key support or resistance areas. Apex: The Apex is calculated as a pivotal level where price momentum within the Impulse reaches a peak, highlighting potential reversal or reaction points. The indicator dynamically updates these levels in real-time as price evolves, ensuring that traders always have the most relevant data on their charts. Key Features: Automatically detects Impulse, Balance, and Apex levels for structured market analysis. Continuously recalculates levels in real-time as price action evolves. Offers customizable parameters for sensitivity and detection range. Works seamlessly across all timeframes and market types. Provides clear visual labels for effortless interpretation. Use Cases: Spot potential reversal zones or price reaction points using Apex levels. Identify key price stabilizations with Balance zones for support and resistance analysis. Monitor Impulse levels for insights into significant market conditions and momentum. Suitable for various instruments, including Forex, crypto, stocks, and indices.
Pine Script™ Indikator
von GrandAlgo
RJ's Trend FinderTrend Finder by Rishabh A trend-following indicator designed to help traders identify and capitalize on emerging trends in various markets. This script combines a robust EMA crossover strategy with dynamic stop-loss levels to provide actionable insights into market trends and risk management. Time Frame Compatibility Compatible with multiple time frames: 15-minute, 30-minute, Hourly, Daily, Weekly, Monthly. It adapts to different time frames, ensuring versatility for scalpers, day traders, and swing traders. How to Use Step 1: Signal Generation - Buy Signal: The White Line (Signal Line) crosses above the Yellow Line (Signal Support Line), indicating a bullish trend. - Sell Signal: The White Line crosses below the Yellow Line, signaling a bearish trend. Step 2: Confirmation Signal - Buy Confirmation (Buy ⭐) : A buy signal is confirmed when the next candle closes above the previous candle and both the White and Yellow Lines. - Sell Confirmation (Sell ⭐): A sell signal is confirmed when the next candle closes below the previous candle and both the White and Yellow Lines. Step 3: Entry - Buy Entry : Enter on the candle displaying the Buy Confirmation (Buy ⭐). - Sell Entry : Enter on the candle displaying the Sell Confirmation (Sell ⭐). Step 4: Stop Loss/Exit - Buy Signal : Set the stop-loss below the lowest low of the last 2-3 candles. - Sell Signal: Set the stop-loss above the highest high of the last 2-3 candles. Note ⚠️: For time frames higher than 1 Hour, use 1-2 candles for stop-loss calculation. For time frames of 1 Hour or less, use 3 candles for stop-loss calculation. Key Features 1. Trend Identification: A combination of three EMAs (5, 21, 50) to detect short-, medium-, and long-term trends. 2. Adaptive Stop-Loss Levels: Automatically calculates stop-loss levels based on recent price action, ensuring flexibility in volatile markets. 3. Clear Visual Signals: Buy and Sell confirmations (⭐) make it easy to spot trading opportunities. 4. Customizable Settings: Allows traders to adjust stop-loss parameters and visual appearance to fit their trading style. Visuals The indicator displays the following elements on the chart: - White Line: Signal Line (5 EMA) – Short-term trend. - Yellow Line: Signal Support Line (21 EMA) – Medium-term trend. - Blue Line: Strong Momentum Line (50 EMA) – Long-term trend and trend strength. Additional visuals include: - Buy Confirmation (⭐): Indicates a confirmed buy signal. - Sell Confirmation (⭐): Indicates a confirmed sell signal. - Stop-Loss Crosses (Red Line): Plots adaptive stop-loss levels for active trades. Alerts No built-in alerts are provided for entry or exit signals. Traders are advised to use their own alert systems for monitoring signals. Parameters The indicator offers the following customizable parameters: - Stop-Loss Lookback: Allows users to set the number of candles (default: 3) for calculating stop-loss levels. - Visual Appearance: Users can customize line colors and styles for better visibility. Disclaimer ⚠️🆘 IMPORTANT: This indicator is currently in the testing phase, and its performance has not been fully validated. The accuracy of the signals generated is not guaranteed. Use of this indicator is entirely at your own risk. Risk Management Recommendations: - 15 Minutes: 1:1 Risk-Reward Ratio. - 30 Minutes: 1:1 to 1:1.5 Risk-Reward Ratio. - 1 Hour: 1:1.5 to 1:2.5 Risk-Reward Ratio. - Daily: 1:2 to 1:4 Risk-Reward Ratio. - Weekly: 1:3 to 1:10 Risk-Reward Ratio. Always shift your stop-loss to break-even after reaching a 1:1.5 Risk-Reward Ratio.
Pine Script™ Indikator
von imRishabhBaid
Precision Trend Tracker by RishabhBaid# Trend Finder by Rishabh A trend-following indicator designed to help traders identify and capitalize on emerging trends in various markets. This script combines a robust EMA crossover strategy with dynamic stop-loss levels to provide actionable insights into market trends and risk management. --- # Time Frame Compatibility Compatible with multiple time frames: 15-minute, 30-minute, Hourly, Daily, Weekly, Monthly. It adapts to different time frames, ensuring versatility for scalpers, day traders, and swing traders. --- # How to Use ### Step 1: Signal Generation - Buy Signal: The White Line (Signal Line) crosses above the Yellow Line (Signal Support Line), indicating a bullish trend. - Sell Signal: The White Line crosses below the Yellow Line, signaling a bearish trend. Step 2: Confirmation Signal - Buy Confirmation (Buy ⭐): A buy signal is confirmed when the next candle closes above the previous candle and both the White and Yellow Lines. - Sell Confirmation (Sell ⭐): A sell signal is confirmed when the next candle closes below the previous candle and both the White and Yellow Lines. ### Step 3: Entry - Buy Entry: Enter on the candle displaying the Buy Confirmation (Buy ⭐). - Sell Entry: Enter on the candle displaying the Sell Confirmation (Sell ⭐). ### Step 4: Stop Loss/Exit - Buy Signal: Set the stop-loss below the lowest low of the last 2-3 candles. - Sell Signal: Set the stop-loss above the highest high of the last 2-3 candles. Note ⚠️: For time frames higher than 1 Hour, use 1-2 candles for stop-loss calculation. For time frames of 1 Hour or less, use 3 candles for stop-loss calculation. --- # Key Features 1. Trend Identification: A combination of three EMAs (5, 21, 50) to detect short-, medium-, and long-term trends. 2. Adaptive Stop-Loss Levels: Automatically calculates stop-loss levels based on recent price action, ensuring flexibility in volatile markets. 3. Clear Visual Signals: Buy and Sell confirmations (⭐) make it easy to spot trading opportunities. 4. Customizable Settings: Allows traders to adjust stop-loss parameters and visual appearance to fit their trading style. --- # Visuals The indicator displays the following elements on the chart: - White Line: Signal Line (5 EMA) – Short-term trend. - Yellow Line: Signal Support Line (21 EMA) – Medium-term trend. - Blue Line: Strong Momentum Line (50 EMA) – Long-term trend and trend strength. Additional visuals include: - Buy Confirmation (Green Stars): Indicates a confirmed buy signal. - Sell Confirmation (Red Stars): Indicates a confirmed sell signal. - Stop-Loss Crosses (Red Line): Plots adaptive stop-loss levels for active trades. --- # Alerts No built-in alerts are provided for entry or exit signals. Traders are advised to use their own alert systems for monitoring signals. --- Parameters The indicator offers the following customizable parameters: - Stop-Loss Lookback: Allows users to set the number of candles (default: 3) for calculating stop-loss levels. - Visual Appearance: Users can customize line colors and styles for better visibility. --- # Disclaimer ⚠️🆘 IMPORTANT: This indicator is currently in the testing phase, and its performance has not been fully validated. The accuracy of the signals generated is not guaranteed. Use of this indicator is entirely at your own risk. ### Risk Management Recommendations: - 15 Minutes: 1:1 Risk-Reward Ratio. - 30 Minutes: 1:1 to 1:1.5 Risk-Reward Ratio. - 1 Hour: 1:1.5 to 1:2.5 Risk-Reward Ratio. - Daily: 1:2 to 1:4 Risk-Reward Ratio. - Weekly: 1:3 to 1:10 Risk-Reward Ratio. Always shift your stop-loss to break-even after reaching a 1:1.5 Risk-Reward Ratio. --- # Acknowledgmen t By using this indicator, you acknowledge that you have read and understood the disclaimer and agree to use it at your own risk. Always practice proper risk management and consult with a financial advisor before making trading decisions.
Pine Script™ Indikator
von imRishabhBaid
ALGOX V6_1_24algox- 88% win rate- 33% profit rate. good, Accuracy and Reliability: The indicator must provide consistent and reliable signals in different market conditions. It should minimize false signals to enhance decision-making. Clarity: The signals generated by the indicator should be straightforward and easy to interpret, avoiding overly complex calculations or visualizations. Relevance to Strategy: The indicator should align with the trader's specific strategy or trading style. For example, trend-following indicators are ideal for long-term strategies, while oscillators are better suited for short-term trades. Versatility: A good indicator works across different asset classes, such as stocks, indices (like Nifty), forex, and commodities, and adapts to various timeframes. Real-Time Responsiveness: It should provide timely information, allowing traders to react promptly to market changes. Customization: The ability to adjust settings, such as periods or thresholds, helps tailor the indicator to suit individual preferences and market conditions. Combines Well with Others: A strong indicator complements other tools without redundancy, offering unique insights when used alongside additional analysis methods. Risk Management Insights: A good indicator assists in identifying entry and exit points, setting stop-loss levels, and managing position sizes effectively. Backtesting Proven: Its effectiveness should be validated through backtesting across historical data and various market cycles. Simplicity in Design: The indicator should not overwhelm traders with unnecessary data but instead provide a focused view of critical market trends or signals.
Pine Script™ Strategie
von Saurabhsoni1301
Alternate RTH Background OnlyThis “Alternate RTH Background Only” script highlights the chart background in alternating colors for each new day during the regular trading session (9:30–16:00 EST). It detects the start of a new calendar day (midnight) to increment its day counter, then applies a different semi-transparent color to the 9:30–16:00 bars for easy daily separation. No lines or indicators are plotted—only the background shading changes each day.
Pine Script™ Indikator
von cashmere999