Zeal Trade HelperOnce you have mastered a trading strategy, risk management is the most important aspect of trading that will enable and long and successful trading career. The Zeal Trade Helper is based on Van Tharp's theory of R. It provides an immediate visual trading plan, as well as sizing parameters for trading equity and options (.25 and .50 deltas) based on a number of inputs to help you avoid needing to do quick mental math in the moment of taking a trade.
HOW TO USE
- First, you will need to input your R value. To find your R value, divide your **average green day** by the **average number of trades you take in a day**. Once you have this number, enter it into the "Your R Value" field in the indicator settings.
- The indicator settings then provides you with 5 different setup entries. When you have your watchlist ready for the day, simply go through and choose the specific stock, enter your entry price, stop loss, target, and setup type (build, short, bounce, or reject).
OUTPUTS
**Trading Plan**
The indicator will display a visual trading plan based on the inputs you entered on each individual stock's chart. The trading plan will have a green box and red box to represent your entry, target, and stop loss.
**Risk Parameters**
The indicator will also display text outlining what your risk parameters and sizing should be for the trade based on your R value. You will see 3 different lines: the first line showing the number of shares you can trade, the second line showing the number of option contracts you can trade at .50 delta, and the third line showing the number of option contracts you can trade at .25 delta. For reference, at the money options are .50 deltas. Even if you aren't trading exactly .50 or .25 deltas, these values will still help as a frame of reference in the moment of putting on the trade.
**Note that you can toggle the appearance of either of these outputs by checking/un-checking the boxes next to "Display trading plan" and "Display risk parameters" in the indicator settings.
Examples:
1. "**240 shares with $1.25 risk**" means you can take 240 shares and risk $1.25 on the share's price based on your R value
2. "**4.8 Cons @ .50 delta with $0.62 risk**" means you can take either 4 or 5 at the money option contracts and risk $0.62 **on the option contract's value** based on your R value
3. "**9.8 Cons @ .50 delta with $0.31 risk**" means you can take either 9 or 10 option contracts that have a .25 delta (a bit out of the money) and risk $0.31 **on the option contract's value** based on your R value
Happy Trading!
Daytrading
Day Trade Scalping - Optimal Trade Entrance IndicatorThis script can be used to day trade SPY ( S&P ), Forex Currencies, Stocks, Bitcoin and pretty much anything out there. It was extensively tested trading live on 15minute timeframe with great results, it can be used with other timeframes as well.
Indicators:
- Regular Signals (red/green) – trade signal arrows, includes alerts
- Risky Signals (orange/olive) – trade signal arrows, includes alerts
- Optimal Trade Entrance Area - target at where to enter the trade with minimal risk and maximum profit
As the signals explained, there are regular and risky signals, which are calculated per different algorithms. Based on the test run, risky signals will appear less and be more risky, but usually spot longer bigger runs!
The original idea of the script is to provide the trader with an Optimal Trade Entrance Area to reduce the risk and maximize the profit. After you receive a signal/alert, wait for the price to re-trace to the Optimal Trade Entrance Area line, which will be shown on the chart. If the price does not reverse - it's best to not open a position. (Remember that the best trade is – no trade!).
If you don’t know how to divide up your position - here is an example on how I take profits between the price targets:
- Open position with buying a multiple of x3 contracts
- Sell 1/3 of the position at first price target and move my SL to entry
- Sell 1/3 of the remaining position at a second price target
- Sell the rest of the position at the third price target or scale out slowly if the trend is still strong
Also, keep an eye on the breakouts, especially if they go along the script signals as with breakouts, there is a good potential for a bigger move.
Initial BalanceThis script calculates and draws the initial balance price levels which can be really interesting for intraday activities.
Note: Obviously, you need to wait for the calculation period to finish in order to see your daily levels
The tool includes the following options
Customization of the session used to calculate the initial balance (default 0930-1030)
Show/Hide the calculation period (as a background color)
Show/Hide extra levels (report the IBH-IBL delta above and under the IB area)
Show/Hide intermediate levels (displays 50% price levels in the IB and extra areas)
Show labels (Display levels names as well as their price on corresponding lines)
Levels names:
- IBH (Initial Balance High)
- IBH (Initial Balance Low)
- IBM (Initial Balance Middle)
- IBH x2
- IBL x2
Default colors are green for high levels, red for low levels, and orange for intermediate levels
Extend levels (extends the current levels to left/right/both/none sides of the chart)
MILK (My Intraday Lazy Kit)I made this script to group information considered useful in forex day trading, of course it can be used on crypto or other markets.
First of all, feel free to suggest any improvement/new feature you would consider interesting for such an use. This is not especially a final version and I'm sure other relevant information can be added in this tool.
Current features are the following
An international clock showing time and session status (open/closed) for 5 different cities. You can modify it in parameters.
Drawings of previous days/weeks open/high/low/close prices, which will be often used as supports and resistances zones.
The Clock shows
City
Time (with a bgcolor corresponding to the "period" of the day (Morning, Afternoon, Evening, Night)
Session status (Cyan when the corresponding session is open, blue when it's closed)
Price levels names are
YTD-H : Yesterday's high
YTD-L : Yesterday's low
YTD-C : Yesterday's close
YTD-O : Yesterday's open
PWH : Previous week high
PWL : Previous week low
PWO : Previous week open
PWC : Previous week close
Levels width and colors can be modified.
You can also enable/disable the clock, and daily or weekly levels in the options panel.
Nothing more to say for now, I mainly integrated information I like to have, but I'll probably add new features in it if I get some.
Super Auto Breakout Day Trade Volatile stocksThis strategy is looking at MA and distance from MA to determine entry and exit for highly volatile day trade stocks.
This trading strategy is not good for big-cap stocks as the movement there is not much in terms of %.
The target for open trade is to close at a 10% gain or at 2.8% loss which is a good risk to reward ratio.
conditional_returnsThis script attempts to contextualize the instrument's latest return. It asks, "when a return of the same or greater magnitude occurred in the past, in the same direction, what was the following period's return?"
By default, the latest return is used. For example, on a daily chart, that would mean "today's" return. However, you can select any return you want using the "override" input.
The output table shows:
- The latest/override return, as a percentage. This is in the top left, fuchsia cell.
The first three, blue columns, show:
- The count of up and down (or positive and negative) next period returns. This shows you the sample size.
- The percentage of up/down next period returns.
- The average next-period return return, up and down, as percentages.
The next three, green columns show these same statistics, but for all returns--every period in the active date range is used. This data serves as a basis for comparison.
Note that you can select a custom date range with the "start" and "end" inputs. The corresponding area on the chart is shaded light grey, to show which data is used in the computations.
Premium ScalperThe strategy works with a combination of a number of different factors, including:
- Volume
- Moving averages
- Volatility
- RSI
This strategy generates long and short signals based on volume movements, moving averages and RSI. By combining other algorithms, low volatility periods can be filtered out.
The best results can be achieved by pairing the indicator with a bot through 3Commas and using a diversification strategy. This way you spread your risk over different pairs and you therefore also have a great chance of taking big moves.
The strategy results we display are results WITHOUT leverage. It is therefore also possible to only long on spot with this strategy, but for optimal results a trading bot link is required.
The settings we have used for these results are an order size of 100% with a 0.08% commission size.
Side note: This indicator does NOT use repainting!
We offer the possibility to try the indicator for free for 7 days.
QaSH DCA StrategyThis is a backtesting script that demonstrates the power of incorporating dollar cost averaging into your trading strategies. Catch the bottom of those lightning fast dips buy placing your limit orders ahead of time.
Four entry conditions have been included:
- ASAP mode
- Quickfinger's Luc
- Bullish pivot point
- Bearish pivot point
An EMA-based entry condition filter is included
Placement of all DCA orders is adjustable, and "take profit" % is also variable and can depend on the size of the price dip.
TripleEMA + StochasticRSI + ATR Scalping Strategy by TradeSmartCOINBASE:BTCUSD Hello everyone and welcome to our second script release!
This script is one of many upcoming scripts. This one is a test for us, how it works, how you guys like this kind of stuff, and for feedback what we should change/improve at.
So feel free to comment any suggestions you have.
SCRIPT IS OPTIMIZED FOR:
BTC/USD (Coinbase) 15 minute timeframe
(Keep in mind default settings does not include trading fees, you can set it at the properties)
I recommend using this script on a trading exchange where the fees are extremely low or on an exchange where you get paid to place limit orders.
(I am not a financial avdvisor and none of this is financial advice.)
Now you can modify the following:
Stochastic RSI
3 different EMA
Length of ATR (for stop loss and take profit)
Stop Loss and Take Profit Risk to Reward ratio
Choice between Capital Risk on each trade or Risk of % of Capital
Allowing Short/Long entries only
Limit between dates
Trading days 1-7
We will update the script with more and more features taking in consideration your requests.
Hope you like it! Don't forget to let us know what we should change or improve. Thanks, and have a great day!
STRATEGY ENTRY RULES
LONG
When EMAs are lining up (meaning for ex. 400 < 13 < 7), and the Stochastic RSI crosses upwards (meaning blue line crosses orange upwards), then go long.
SHORT
When EMAs are lining down (meaning for ex. 7 < 13 < 400), and the Stochastic RSI crosses downwards (meaning blue line crosses orange downwards), then go short.
TAKE PROFIT
When price hits the exit price (calculated from stop loss with the risk ratio)
STOP LOSS
When price hits stop loss then exit the position.
QUANTITY TO BUY (Risk per Trade % or Capital %)
Risk Per Trade % attribute: we can set how much money we want to risk on one trade. Meaning that if we lose that particular position, then a Risk Per Trade % value of our equity will be lost.
Example: if you set the Risk Per Trade % to 1 % and you have a 100$ account balance, then if you loose the trade you will loose 1$ max.
Capital % we can set with how big % of our capital we want to enter into a position. Meaning that we enter with a set % of our capital.
Example: if you set the Capital % to 1 % and you have a 100$ account balance, then you will enter the position with 1$.
First Release Settings: (2021-10-25) for BTC/USD (Coinbase) 15 minute timeframe
Stochastic RSI settings: (Not displayed in the script. If you want to see it you have to add it separately.)
K: 3
D: 2
RSI Length: 6
Stochastic Length: 16
RSI Source: hlc3
EMA 1: 5
Source One: Close
EMA 2: 12
Source Two: Close
EMA 3: 215
Source Three: Close
Length of ATR: 16
Stop Loss Multiplier (risk): 3.6
Exit Price Multiplier (reward): 1
Risk Percentage: 3
Allow Long Entries: yes
Allow Short Entries: yes
Valid Trading Days: 1234567
The valid trading days of the Limit Trading Time feature. Numbers represent the days: Sunday (1), Monday (2), Tuesday (3), …, Saturday (7)
If you like this one, follow for more scripts! Thank you for your support!
vStrat Algo 1.0 (BETA)vStrat Algo 1.0
The Very First Scalping/Intraday Trading Algo for Options
Note: If you have any favorite indicators that you use regularly and are helpful, feel free to use them in conjunction to this strategy.
Legend:
long = buy call
short = buy put
close entry = sell call/put
BULL = bullish engulfing
BEAR = bearish engulfing
OS = oversold
OB = overbought
Instructions:
1. You can choose to watch the 3 minute or 5 minute chart but be aware of the Pro’s and Con’s. It’s not recommended to use this strategy on the 1 minute chart, but this works on higher timeframes. Keep in mind that the signals will vary on each timeframe.
3 minute 5 minute
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2. It’s best to use this strategy right at market open. If a “long” (buy CALLS) or “short” (buy PUTS) signal was given at pre-market, I do not recommend taking it. Only take signals once the market opens. If you really wish to take the signal that was given 1-5 minutes before the market opened, you most definitely can, but its’s just riskier. What I would do is, wait 3-10 minutes after market open and if one Moving Average is respecting the other and holding above or below it, you can enter especially if the blow is bullish, the vStrat Algo 1.0 will also tell you if the candles are bearish or bullish. Use your best judgement.
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3. You do not have to wait for the exit signal, everyone's risk management is different so take profits whenever you're green or hold as long as the short-term MA is still trending above or below the long-term MA and is not touching or bouncing off it.
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4. Avoid taking any signals from 11:30 AM ET - 2:30 PM ET, when stocks are trading sideways since the algo’s stop losses get triggered here due to the low volume.
i.ibb.co
5. Lastly, there is no magic indicator or strategy, this algorithm is designed based on multiple conditions. Each signal gets triggered when ALL the conditions are met. This strategy is based off advanced moving averages, one that reduces lag and responds quicker than the simple and exponential ones, RSI value, S/R, pivot points, and a few others. I’m always looking for ways to improve this scalping algorithm so rest assured any complaints or suggestions will be taken and fixed as timely as possible. For best results, avoid trading with your emotions. If you’re a new user, open a small position, set a stop loss, and let the algorithm decide how you will trade it for that day. Keep doing this until you get more familiar with the script then slowly increase your position sizing, but do not invest money you can’t afford to lose. Play with the settings, change the lengths if you wish, but the script was created to provide the most accurate signals as it is. If you do decide to change these inputs, the signals will also be different. Take profits whenever you see fit, the goal is to have a green day and grow your account slowly but surely. If you make a profit, do not risk giving your money back to the market by overtrading. Always do your own due diligence and use your best judgement. Good luck, Traders!
DISCLAIMER : All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed, or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. Conduct your own due diligence or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed, or implied herein, are committed at your own risk, financial or otherwise.
Algo Trading Strategy (Nifty & BankNifty)What is Algo Trading Strategy ( Nifty & Bank Nifty )?
There are many 9 to 5 working professionals who have some spare money to invest each month but they can not do active trading because they are busy with their full time job.
So they wish to have an automated system which could take and close trades for them with a proven back-tested strategy, proper money management, ability to trade within particular timings, pre-defined maximum loss they can bear and so on.
To cater needs of such type of traders, we created from scratch; and published an 'AutoTrading Algo (Nifty & Bank Nifty) in Sep 2021. (The link is given below, please read on).
Many people who want to try this AutoTrading Algo want us to share stats of this algo with them.
In order to fulfil this demand, we have converted that "Algo Trading" Study into a Strategy whose description you are reading right now.
For all other queries related to how our "Algo Trading (Nifty & Bank Nifty)" works, what are its limitations, benefits and other features, please read the description of our main 'Algo Trading (Bank Nifty & Nifty )' study which is available at following link:
Note:
1. in order to test this strategy on longer time period, you must have a Premium TradingView account.
2. If you have premium TradingView account, the stats you generate will exactly match with our stats which we keep sharing in our channel.
3. To Enable Auto-Trading, You will need to connect this Algo with your broker's trading platform through 3rd party platforms. We will guide you on how to do this, when you contact us.
TWP Next Bar Close Countdown█ OVERVIEW
This script displays the time remaining for your charts current timeframe.period or a higher timeframe with the ability to create alerts that ping on the opening of the new bar that you have selected. It can be very easy to get bogged down in the charts when day trading on smaller timeframes and forgetting that it is the wave of longer timeframe traders that are setting the tone. This script was born out of this pitfall that I was noticing in my own trading.
█ CONCEPTS
The script uses a series of functions to get produce the time remaining and texts for the top and bottom rows within the table display.
█ FEATURES
1 — Resolution
• Auto / Manual selection
• There is tooltip explains how the automatic time selection operates (see below)
AUTO_TIMEFRAME_TOOLTIP = "When the Auto option is selected, the timeframe of the indicator is chosen automatically based on the chart timeframe. The Timeframe dropdown is ignored. The automated timeframes are:
'10 minutes' for any chart timeframes below '1 minute'
'1 hour' for any chart timeframes starting from '1 minute' up to '5 minutes'
'4 hours' for any chart timeframes starting from '5 minutes' up to '60 minutes'
'1 day' for any chart timeframes starting from '1 hour' up to '4 hours'
'1 week' for any chart timeframes starting from '4 hours' up to '1 day'
'1 month' for any timeframes starting from '1 day' up to '1 week'
'3 months' for any timeframes starting from '1 week' up to '1 month'
'12 months' for any timeframes above '1 month'"
2 — Text
• Size selection
• Color selection
3 — Display
• Frame color selection
• Display position selection
4 — Alerts
• Market session selection
█ HOW TO USE
• Add it to your chart, select your timeframe, change up your colors, and enjoy yourself
█ NOTES
• We have no control over when realtime updates occur. A realtime bar can open, and then no realtime updates can occur until the open of the next realtime bar. The time between updates can vary considerably. For more please check out Pine's execution model and bar states.
• As a reminder, I did make this script for myself so if you find that you are using a 2-hour alert or countdown the formatting for the words may not be succinct as they should be. We will write that loss off to my growing pine skills
█ LIMITATIONS
• You will not be able to retrieve the time from a timeframe smaller than what is currently selected for the chart.
TWP Chart Period Breaks█ OVERVIEW
This script plots historical and one future vertical line at the higher timeframe.period time mark of your choosing along with the ability to create alerts that ping on the opening of the new bar on the timeframe and during the market session that you have selected. This script adds body to the default "session breaks" that Tradingview provides within the chart settings. It can be a hassle visually keeping track of time when trading but particularly when day trading. Timing is so important and I needed some visual assistance aka some guard rails for my mind to operate in, in order to better execute my trades. I hope this helps you too.
█ CONCEPTS
The script takes some simple steps to plot vertical lines onto your chart with some extra goodies to go the extra yard.
█ FEATURES
1 — Resolution
• Auto / Manual selection
• There is tooltip explains how the automatic time selection operates (see below)
AUTO_TIMEFRAME_TOOLTIP = "When the Auto option is selected, the timeframe of the indicator is chosen automatically based on the chart timeframe. The Timeframe dropdown is ignored. The automated timeframes are:
'10 minutes' for any chart timeframes below '1 minute'
'1 hour' for any chart timeframes starting from '1 minute' up to '5 minutes'
'4 hours' for any chart timeframes starting from '5 minutes' up to '60 minutes'
'1 day' for any chart timeframes starting from '1 hour' up to '4 hours'
'1 week' for any chart timeframes starting from '4 hours' up to '1 day'
'1 month' for any chart timeframes starting from '1 day' up to '1 week'
'3 months' for any chart timeframes starting from '1 week' up to '1 month'
'12 months' for any chart timeframes above '1 month'"
2 — Show Future Period Line
3 — Number of Historical Lines Back
4 — Line Style
• Line color selection
• Line width selection
5 — Alerts
• Market session selection
█ HOW TO USE
• Add it to your chart, select your timeframe, change up your colors, add your alerts (if necessary) and enjoy yourself!
Algo Trading (Nifty & BankNifty)What is Algo Trading ( Nifty & Bank Nifty ) Indicator?
There are many 9 to 5 working professionals who have some spare money to invest each month but they can not do active trading because they are busy with their full time job.
So they wish to have an automated system which could take and close trades for them with a proven back-tested strategy, proper money management, ability to trade within particular timings, pre-defined maximum loss they can bear and so on.
This indicator facilities all such needs of working professionals.
How this indicator generates signals?
This indicator generates signals in 3 ways:
(a) Pricing action validated by Jump in Volume
(b) Moving Average Crossovers
(c) Zeta Force Signals as generated by our proprietary formula for Bank Nifty & Nifty
Once a threshold value is crossed, the Buy/Sell signal (LE & SE) appears on the chart and algo keeps track of the current state. Then this state is remembered for the loss or profit the trade is generating and position is closed either when loss crosses the set limit or when profitable trade starts receding.
What are the various features of this indicator?
(a) You can define your session timing i.e. the time period when you want your trades to be taken. For example: between 1000 hrs to 1330 hrs or so on.
(b) You can choose to close all positions by EOD . ( EOD is defined by the user. For example, if you set the session timing between 9:30 to 11:00 am, then indicator will not take any trades outside
this range).
(c) You can define the total loss you can bear during a particular day. For example, if total loss is 5% for the day, the algo stops taking further trades.
(d) You can set up either manual alerts for each event, for example Buy, Sell, Buy Close, Sell Close where you can customize the message you want to display or you can select the 'Any Alert()
function call' option which will generate pop up messages in TradeTron or Algoji friendly format. These signals can be routed to 3rd party platforms for execution. If you have TradeTron or
Algoji Account, you can enter your API key in algo settings, and after that the messages generated will contain your API Key by default.
What are the limitations of this indicator?
You can not make money with any indicator or algo if market is narrow range bound.
For you to make money, there must be a trend or mini-trend. Sometimes, price starts trending for a while and then reverses back. In such cases, multiple Stop Loss Hits might occur.
Can I use this for Option Trading also?
Deep in the money options behave like Futures only. So yes, you can use this algo for Options Trading by buying Deep in the money options.
Can I use this for trading in stocks or any other instrument?
No. The code has been hard-wired for Bank Nifty & Nifty (Indian Indices) only. A different, generic version of this algo is in the pipeline which can be used for Forex or Commodity and Stocks.
Forex Daytrade T3 MA sessionThis is a simple yet very efficient daytrading strategy for most crosses pairs, like EUR/NZD, EUR/AUD , GBP/NZD, GBP/AUD and so on.
It tends to works best with 1h and 15 min time frame charts.
Its components are :
Entry time = session that we want to trade, where we can combine for example half of London and all of NY using an hour system.
T3 Moving average
Price action.
Rules for entry
For long , we are during the hours we want to trade, current close is price is above previous high and at the same time is above moving average
For short , we are during the hours we want to trade, current close is price is below previous low and at the same time is below moving average
Rules for exit
We exit when either the opposite condition is triggered, if the hours of trading are off or based on a percentage TP/SL system movement.
For this example we use 1% movement both for TP and SL
If you have any questions, let me know !
EMA Price DistanceEMA Price Distance, EMAPD for short, is a trend following indicator that can help you predict how price is going to move, in respect to your EMA. It can give overbought and oversold signals, as well as ranging market and retracement signals. The indicator consists of three parts, the Difference Line, the Average Line, and the Histograms.
- The blue line is the Difference Line. It is calculated from difference between the close price and the EMA. An increasing Difference Line indicates price moving further away from the EMA.
- The purple line is the Average Line. It is calculated based on the average of the difference Line for a certain lookback period.
- The Histograms are the difference between the Difference Line and the Average Line
Some basic signals:
- The easiest signal to spot is when the Difference Line is further away from the Average Line than normal. This usually signifies a retracement in the near future.
- Another signal is when the histograms are making smaller peaks or troughs, approaching 0. Signifies that price is retracing towards EMA. This can also be seen when the Difference Line is below the Average Line
How to Use:
The first use case is to detect when the market is ranging. This can be seen when both lines near 0 like so:
Another use case, is to use the indicator to signify how strong the current trend is / how likely it is to continue. This is signified by the Difference Line and Average line making higher highs
We can see that as the trend continues, both lines increase in harmony.
EMAPD can also be used to give easy to see signs of retracement or reversal.
Here we can see that the Difference line made a lower high as well as crossed below the Average Line. Whether this is a retracement or reversal usually depends on how the long the trend has occurred. The longer, the more likely of a trend reversal
One of the best use cases is to keep you out of bad trades. This usually happens right before a trend starts, when the market is choppier. This is when you usually get a lot of fake outs and false signals.
Here are 2 examples of where someone trading Supply and Demand would've been kept out of a losing trade.
In the first purple oval, a supply zone is formed. As price re enters the zone, it would be tempting to go long but the EMAPD is creating lower lowers on the histograms, signifying that price is moving closer to its average instead of expanding. We also get the Difference Line to cross under the average line, signifying price is moving closer to the EMA than it has been recently. These signals tell us that price has a good chance to "re group" with the EMA, which it ends up doing.
This also kept us out of the second trade, signified by the second purple oval. Here, we can see the difference line creating lower lows, signaling that price is moving closer to the EMA.
Yusram Mount MaV - Day MaV CrossOver Strgty
This indicator shows the comparison between the 7-day fast simple average and the monthly slow average of 5 bars. The red line indicates the monthly green and blue lines the daily average. If the Green-Blue line crosses the red upwards, it is a buy signal and the opposite is a sell signal. As soon as it turns green blue without waiting for the sell signal, a sell signal is created. If you are trading fast, you can consider turning green to blue as an opportunity. In the long run, the red intersection can be interpreted as a Stop point.
I hope it will be useful to everyone.
You can also find the strategy indicator with the same name.
I got the name of this indicator from my daughter's name. The meaning of the name Yüsra means "convenience". I hope this indicator will help you.Yüsram Mount HO - Day HO
Yusram Mount MaV - Day MaVYüsram Mount HO - Day HO
This indicator shows the comparison between the 7-day fast simple average and the monthly slow average of 5 bars. The red line indicates the monthly green and blue lines the daily average. If the Green-Blue line crosses the red upwards, it is a buy signal and the opposite is a sell signal. As soon as it turns green blue without waiting for the sell signal, a sell signal is created. If you are trading fast, you can consider turning green to blue as an opportunity. In the long run, the red intersection can be interpreted as a Stop point.
I hope it will be useful to everyone.
You can also find the strategy indicator with the same name.
I got the name of this indicator from my daughter's name. The meaning of the name Yüsra means "convenience". I hope this indicator will help you.
Market analysis panel MAP DejaVuTradesThe market analysis dashboard allows you to view multiple markets simultaneously to make a quick and timely decision.
You can add up to 6 markets per panel between Forex, Cryptos, Stocks, Futures, CFDs, Indices, and comparing their current state in any different timeframe in which you are currently, selecting it from its configuration.
Below is the explanation of each column of the panel.
►Title: Select the name of your panel grouping by type of market.
►Bullish or bearish market: Reference of the selected time frame indicating a green progress bar when the market trend is bullish, and red when the market is bearish, with the strength percentage.
►Variation by temporality: Current relationship with the close of the previous candle, depending on the selected temporality. indicating you in a green progress bar when the variation is positive, and red when the variation is negative, with their respective percentage.
►Nominal volume: it is a multiplication of the current volume with the current price, its immediate relationship is from the marketcap of the selected market with its respective value.
To view the values, simply put the mouse over the progress bar.
Muqwishi Volumetric CandleIntroduction
Have you ever heard that each candle represents a battle between bulls (buyer) and bears (seller)? If you know the answer, apparently you understand what the price action means. What if I ask you, how much was bloody in each battle between bulls and bears?!. This indicator may give a clear picture of how to identify the candle’s strength by implementing the Standard Deviation on volume and reshape the candle.
The Muqwishi Volumetric Candles indicator works to weigh each candle instantaneously and updates its color level from lightness to darkness based on the rate of the volumetric standard deviation.
Here’s how the idea started with the conceptual design, then improved till achieved to the implemented design of a structured candle.
The conceptual design mentioned for reviewing how the idea started. However, I want you to understand the “implemented design” in which the indicator has been built to address it. As I stated structurally for the implemented design section, wick and border are identified by the user through “Chart Properties” unlike core and body is measured by the indicator.
The candle’s body is ”Dynamic” that colored based on the amount of volume standard deviation in which the low volume standard deviation is a lighter candle’s color and the high volume standard deviation is a darker candle’s color. The core is “Static” color represents zero volume standard deviation which the volume at the average level. In the case where the core is darker than the body means the volume standard deviation is lower than the average volume level, and when the core is lighter than the body mean the volume standard deviation is higher than the average volume level, and when the core’s color has the same body’s color means the volume is in the average level. The image is the best guide to understand the idea.
Rarely seeing a volume standard deviation below -2σ, even though the volume is apparently dead. However, it’s possible to see more than 3.9σ, and mostly it has the same effect as 3.9σ. Personally, any candle above 1.5σ is taking my attention, and more than 2σ I look around seeking for reasons to not take a trade.
§§ Note, if you have misunderstood the standard deviation concept, there are many great sources to understand it such as Wikipedia, YouTube,... etc. In a basic example, How much is your height relative to the height of average people in your city!!?. Similarly, how much is the amount of volume relative to the average volume of a number series of previous bars?!.
Indicator Overview
Before I get into this section, this is NOT meant to be an educational or recommendation. Just showing you how I use this indicator based on an experience.
The chart above has been remarked as an example of how I apply it. Again, it’s a personal preference, and it doesn’t mean this’s an efficient way.
Indicator Setting
➤ Ensure to visualize the indicator to the front for recognition of the candle’s core.
For more information check the image: drive.google.com
➤ Indicator’s title.
Generates two outputs. The first one is the coordinate location for the char “Core”, don’t pay attention to it. The second one colored in blue is referring to the measurement of the volume standard deviation as your cursor point move at any candle on the chart. For more information check the image: drive.google.com
➤ Indicator’s inputs.
■ Length: Number of previous bars covered in the calculation. Prefer between 14-20.
■ Long Candle Color: Choose a color for bullish candles.
■ Short Candle Color: Choose a color for bearish candles.
■ Color Mode: Kinda color style.
● Lightness: From lightness to darkness colored as low volume SD to high volume SD.
● Saturation: From narrow range to wide range colored as low volume SD to high volume SD.
■ Reverse Mode: Yes → Darkness to Lightness colored as low SD to high SD.
■ Show Core: No → Hide cores.
Summarize
■ Users should have a fundamental knowledge of Standard Deviation.
■ The candle’s body is dynamic colored. Got light as low volume standard deviation, and Dark as high volume standard deviation occurred.
■ The Candle’s core is static colored. Represents the average volume which Standard Deviation equals zero.
■ This’s not a trading signal. It works to visualize the level of transactions made per candle.
Final Comments
■ My goal was to achieve the conceptual design, but there’re many obstacles that go beyond the coding ability.
■ Let me know if you have any questions, comments, and any improvements to the project.
■ I hope every time you found this indicator useful and scaled up your trading skills, please present support through PayPal that linked in the signature box below. That will help to get me excited and post many ideas.
■ Trade Safe. ✌
Intraday Trading Tool [VK]This Indicator is all you need to day trade.
Overview: This is a intraday/scalp trading Indictor works using MTF- MA,MACD,RSI for trend ,SRSI For Entries , Murrey Lines for Targets and ATR For Stop Loss , it is designed for all type of markets (crypto, forex, stocks, commodity etc.) and works on all commonly used timeframes .
About The Indicator :
This indicator uses the most commonly used indicators in The markets, MA channel + MACD (Background Trend) + RSI (Trend On Top) . This Three Indicators Are Used For Trend In Higher Time Frame. We Have to take trades based on Trend In Higher Time Frames. We are using SRSI For entries which Has the function to show entries from Higher Time Frames .
Stop Loss And Take Profit : we have used ATR for Stop Loss which will show up with Buy/Sell Signals. and for Taking Profit We Have used Murrey Lines Which Can be used to see Support/Resistance as Targets And also has the function to show Support/Resistance from Higher Time Frame.
Extra Function :
The Cross And Triangles On the Bottom of the Chart Indicates MACD Cross on Higher Time Frames .
How to get access:
Send a Private Massage for getting access to the script.
OH2B Trading Indicator Ver2.0OH2B TRADING INDICATOR
The OH2B Trading Indicator is an indicator built for beginners.
It gives you entry points for BUY and SELL based on Trend Channel and Ema-Crossover.
It also gives you EXIT POINTS for taking profits based on the Average Directional Index and Relative Strength Index.
TRADING WITH OH2B INDICATOR
The OH2B Trading Indicator gives you entry points for BUY or SELL .
When the ema1 crosses above ema2, the trend channel will be painted GREEN in color, and a BUY signal will appear. = BUY
When the ema1 crosses below ema2, the trend channel will be painted RED in color, and a SELL signal will appear. = SELL
When a BUY or SELL signal appears on the chart, don't rush into any trade.
Please allow a few hours for confirmation of signals .
After confirmation, it is suggested to enter 50% first and another 50% near the Trendlines .
After entering a trade, please remember to set a stop-loss alert of an opposite signal.
To TAKE PROFIT , please follow the Triangles indicated on the chart
RED Triangles are the Take-Profit targets for the BUY (long) signal
GREEN Triangles are the Take-Profit targets for the SELL (short) signal
*After taking profit, please set a Stoploss to at least break-even level to protect your profits.
Often the price goes to the Trendlines after the signal, so keep some funds to increase the position or even open all position near the Trendlines , or use it for re-enter with SL after you closed position on TPs.
Setting alerts for Trade
Remember to set an alert so that you won't miss any opportunity.
TradingView will notify you immediately when a new signal pops up on the chart.
Tips for the beginners:
Recommended using the indicator at 1H - 2H Timeframe .
Recommended using the indicator for Spot Trading at both Crypto and Stock Market.
Do not use leverage above 5x.
No more than 5% of the deposit in one trade.
Do not rush into any trade when a new signal pops up, please allow a few hours for confirmation of signals.
Beacon - Anthony Crudele's IndicatorBeacon uses the current volatility of the market based on your trading time frame to determine support and resistance levels, whether a trend is intact or ready to revert back in the range. One of the most difficult things I went through as a trader was determining whether we are in a trend day or if we are in grind up or grind down mode. I created Beacon to give me a simple look at the market to determine what type of environment we are in. I use Bollinger Bands (3 standard deviation) to determine the volatility cycle. Once the BB make peaks I took my Fibonacci Retracement tool and did a retracement from the peak high of the BB to the peak low. I use 70%, 50% and 30% for my support and resistance levels. I use those levels because I tested pretty much every percent level and those percentages averaged the highest performance on all tick charts and time charts. You can use Beacon on whatever time frame or tick chart you are trading on and it will determine that specific volatility cycle.
