ENIGMA ENDGAME with Dynamic Trend-Based FibonacciOverview:
The *ENIGMA ENDGAME with Dynamic Trend-Based Fibonacci* indicator is designed for traders seeking precision in identifying high-probability trade opportunities based on dynamic Fibonacci retracement levels. By combining trend analysis, Fibonacci filtering, and session-based logic, this indicator provides actionable buy and sell signals with a strong foundation in technical analysis.
Features:
1. **Dynamic Trend-Based Fibonacci Levels:**
- Automatically calculates Fibonacci retracement levels based on the current market trend (uptrend or downtrend).
- Levels dynamically adjust to the latest swing high/low, providing an evolving view of key price areas.
2. **Customizable Fibonacci Levels:**
- Configure up to four Fibonacci levels (e.g., 50%, 61.8%, 72%, 99%) to tailor the indicator to your trading strategy.
- Default levels are pre-set but can be adjusted for unique market approaches.
3. **Kill Zones for Session Filtering:**
- Filters trades based on predefined trading sessions (London and US).
- Easily configurable to match your trading hours or preferences.
4. **Buy and Sell Signals:**
- **Buy Signals**: Triggered during uptrends when the price pulls back to Fibonacci support levels.
- **Sell Signals**: Triggered during downtrends when the price retraces to Fibonacci resistance levels.
- Signal shapes (green triangles for buys, red triangles for sells) make them visually clear on the chart.
5. **Customizable Historical Signals:**
- Control how many past signals are displayed to maintain a clean chart while tracking historical performance.
6. **Alerts for Trade Opportunities:**
- Alerts for buy and sell signals allow traders to stay informed even when away from the screen.
How to Use:
1. **Trend-Based Fibonacci Analysis:**
- Enable the indicator on any instrument and timeframe.
- Monitor the Fibonacci levels dynamically calculated based on the most recent market trend (uptrend/downtrend).
2. **Kill Zones for Sessions:**
- Adjust the London and US session times under the **Inputs** tab to match your trading style.
- Signals outside these sessions are filtered, reducing noise during low-liquidity periods.
3. **Fibonacci Level Configuration:**
- Modify the Fibonacci retracement levels (e.g., 50%, 61.8%, etc.) under **Inputs** to fit your specific strategy.
- Ensure levels align with your desired retracement/resistance zones for trades.
4. **Buy/Sell Signal Confirmation:**
- Look for buy signals (green triangles) during uptrends when the price retraces to dynamic Fibonacci support levels.
- Look for sell signals (red triangles) during downtrends when the price retraces to dynamic Fibonacci resistance levels.
5. Alerts:
- Configure alerts under **TradingView Alerts** to be notified of buy or sell opportunities in real time.
Inputs and Default Settings:
- **Kill Zones:**
- London Start Hour: 1 UTC
- London End Hour: 23 UTC
- US Start Hour: 8 UTC
- US End Hour: 23 UTC
- **Swing Lookback Period:** 6
- **Fibonacci Levels:**
- Level 1: 50% (default)
- Level 2: 61.8% (default)
- Level 3: 72% (default)
- Level 4: 99% (default)
- **Maximum Historical Signals:** 30
- **Lookback Periods for Confirmation:**
- Minimum: 3
- Maximum: 18
Best Practices:
- Use this indicator in combination with price action or other tools to confirm trade setups.
- Ensure your Fibonacci levels align with known key levels on higher timeframes for increased accuracy.
- Monitor session activity using the kill zones to avoid trades during low-volume periods.
Fraktal
Fractal levels Gold [AstroHub]This indicator detects key fractal points on a price chart and visually marks them with shapes and levels. It helps traders identify potential reversal zones and dynamic support/resistance levels, enhancing market analysis.
Key Features:
Fractal Detection:
The indicator identifies top and bottom fractals using a 5-bar pattern.
A top fractal forms when the middle bar has a higher high compared to the two bars on either side.
A bottom fractal forms when the middle bar has a lower low compared to the two bars on either side.
Fractal Filtering:
The indicator can filter out "pristine" fractals (uninterrupted fractal patterns) based on custom conditions, making it more selective and reducing false signals.
Fractal Plotting:
are plotted as downward triangles.
are plotted as upward triangles.
Users can choose to display or hide fractal points and their corresponding labels.
Fractal Levels:
The indicator automatically plots fractals' levels on the chart, marking potential resistance and support zones.
Fractal levels change dynamically as new fractals are identified.
Customizable Display Options:
Show or hide fractals and levels with adjustable settings.
Choose whether to apply filtering for pristine fractals.
Display the pivot labels to easily track fractal positions.
How It Works:
The indicator uses a simple approach to recognize top and bottom fractals . When a valid fractal is detected, it highlights it on the chart and plots the corresponding price level.
By default, top fractals are shown above the bars (red color), and bottom fractals are shown below the bars (green color).
Fractal levels represent potential reversal points and can act as dynamic support and resistance zones.
Best Use:
The indicator is particularly useful in identifying reversal points and trend changes, helping traders to spot key price levels.
It can be used across various timeframes and markets, particularly for trend-following or reversal strategies.
Customizable Settings:
Show Pivots: Toggle the display of pivot points.
Show Pivot Labels: Display labels for pivot levels.
Show Fractals: Toggle fractal points on the chart.
Show Fractal Levels: Show or hide the levels corresponding to the detected fractals.
Filter for Pristine Fractals: Enable this option to filter out non-pristine fractals for higher accuracy.
Conclusion:
This indicator provides clear, actionable fractal signals, helping traders easily identify critical levels for entry and exit. With customizable settings and visual cues, it's suitable for both novice and expe
CandelaCharts - Swing Failure Pattern (SFP) 📝 Overview
The Swing Failure Pattern (SFP) indicator is designed to identify and highlight Swing Failure Patterns on a user’s chart. This pattern typically emerges when significant market participants generate liquidity by driving price action to key levels. An SFP occurs when the price temporarily breaks above a resistance level or below a support level, only to quickly reverse and return within the previous range. These movements are often associated with stop-loss hunting or liquidity grabs, providing traders with potential opportunities to anticipate reversals or key market turning points.
A Bullish SFP occurs when the price dips below a key support level, triggering stop-loss orders, but then swiftly reverses upward, signaling a potential upward trend or reversal.
A Bearish SFP happens when the price spikes above a key resistance level, triggering stop-losses of short positions, but then quickly reverses downward, indicating a potential bearish trend or reversal.
The indicator is a powerful tool for traders, helping to identify liquidity grabs and potential reversal points in real-time. By marking bullish and bearish Swing Failure Patterns on the chart, it provides clear visual cues for spotting market traps set by major players, enabling more informed trading decisions and improved risk management.
📦 Features
Bullish/Bearish SFPs
Styling
⚙️ Settings
Length: Determines the detection length of each SFP
Bullish SFP: Displays the bullish SFPs
Bearish SFP: Displays the bearish SFPs
Label: Controls the labels size
⚡️ Showcase
Bullish
Bearish
Both
📒 Usage
The best approach is to combine a few complementary indicators to gain a clearer market perspective. This doesn’t mean relying on the Golden Cross, RSI divergences, SFPs, and funding rates simultaneously, but rather focusing on one or two that align well in a given scenario.
The example above demonstrates the confluence of a Bearish Swing Failure Pattern (SFP) with an RSI divergence. This combination strengthens the signal, as the Bearish SFP indicates a potential reversal after a liquidity grab, while the RSI divergence confirms weakening momentum at the key level. Together, these indicators provide a more robust setup for identifying potential market reversals with greater confidence.
🚨 Alerts
This script provides alert options for all signals.
Bearish Signal
A bearish signal is triggered when a Bearish SFP is formed.
Bullish Signal
A bullish signal is triggered when a Bullish SFP is formed.
⚠️ Disclaimer
Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
Max/Min LevelsHighlights highs and lows that match the search criteria. A high is considered to be broken if the candlestick breaks through its shadow
A three-candlestick pattern will match the parameters:
Candle before - 1
Candle after - 1
A five-candlestick pattern will match the parameters:
Candle before - 2
Candle after - 2
Hidden SMT Divergence ICT 01 [TradingFinder] HSMT SMC Technique🔵 Introduction
Hidden SMT Divergence, an advanced concept within the Smart Money Technique (SMT), identifies discrepancies between correlated assets by focusing on their closing prices.
Unlike the standard SMT Divergence, which uses high and low prices for analysis, Hidden SMT Divergence uncovers subtle signals by examining divergences based on the assets' closing values.
These divergences often highlight potential reversals or trend continuations, making this technique a valuable tool for traders aiming to anticipate market movements.
This approach applies across various markets and asset classes, including :
Commodities : CAPITALCOM:GOLD vs. CAPITALCOM:SILVER or BLACKBULL:BRENT vs. BLACKBULL:WTI .
Indices : NASDAQ:NDX vs. TVC:SPX vs. FX:US30 .
FOREX : FX:EURUSD vs. OANDA:GBPUSD vs. TVC:DXY (US Dollar Index).
Cryptocurrencies : BITSTAMP:BTCUSD vs. COINBASE:ETHUSD vs. KUCOIN:SOLUSDT vs. CRYPTOCAP:TOTAL3 .
Volatility Measures : FOREXCOM:XAUUSD vs. TVC:VIX (Volatility Index).
By identifying divergences within these asset groups, traders can gain actionable insights into potential market reversals or shifts in trend direction. Hidden SMT Divergence is particularly effective for pinpointing subtle market signals that traditional methods may overlook.
Bullish Hidden SMT Divergence : This divergence emerges when one asset forms a higher low, while the correlated asset creates a lower low in terms of their closing prices. It often signals weakening downward momentum and a potential reversal to the upside.
Bearish Hidden SMT Divergence : This occurs when one asset establishes a higher high, while the correlated asset forms a lower high based on their closing prices. It typically reflects declining upward momentum and a probable shift to the downside.
🔵 How to Use
The Hidden SMT Divergence indicator provides traders with a systematic approach to identify market reversals or trend continuations through divergences in closing prices between two correlated assets.
🟣 Bullish Hidden SMT Divergence
Bullish Hidden SMT Divergence occurs when the closing price of the primary asset forms a higher low, while the correlated asset creates a lower low. This pattern indicates weakening downward momentum and signals a potential reversal to the upside.
After identifying the divergence, confirm it using additional tools like support levels, volume trends, or indicators such as RSI and MACD. Enter a buy position as the price shows signs of reversal near support zones, ensuring proper risk management by placing a stop-loss below the support level.
Bearish Hidden SMT Divergence
Bearish Hidden SMT Divergence is identified when the closing price of the primary asset forms a higher high, while the correlated asset creates a lower high. This divergence suggests a weakening uptrend and a likely reversal to the downside.
Validate the signal by examining resistance levels, declining volume, or complementary indicators. Consider entering a sell position as the price starts declining from resistance levels, and set a stop-loss above the resistance zone to limit potential losses.
🔵 Setting
Second Symbol : Select the secondary asset to compare with the primary asset. By default, "XAUUSD" (Gold) is used, but it can be customized to any stock, cryptocurrency, or currency pair.
Divergence Fractal Periods : Defines the number of past candles considered for identifying divergences. The default value is 2, but traders can adjust it for greater precision.
Bullish Divergence Line : Displays a dashed line connecting the points of bullish divergence.
Bearish Divergence Line : Shows a similar line for bearish divergence points.
Bullish Divergence Label : Marks areas of bullish divergence with a "+SMT" label.
Bearish Divergence Label : Highlights bearish divergences with a "-SMT" label.
Chart Type : Choose between Line or Candle charts for enhanced visualization.
🔵 Conclusion
Hidden SMT Divergence offers traders a refined method for identifying market reversals by analyzing closing price discrepancies between correlated assets. Its ability to uncover subtle divergences makes it an essential tool for traders who aim to stay ahead of market trends.
By integrating this technique with other technical analysis tools and sound risk management, traders can enhance their decision-making process and capitalize on market opportunities with greater confidence.
Hidden SMT Divergence’s focus on closing prices ensures more precise signals, helping traders refine their strategies across various markets, including Forex, commodities, indices, and cryptocurrencies.
Its open-source nature allows for customization and verification, providing transparency and flexibility to suit diverse trading needs. Hidden SMT Divergence stands as a powerful addition to the arsenal of any trader seeking to unlock hidden opportunities in dynamic financial markets.
Fractal Trail [UAlgo]The Fractal Trail is designed to identify and utilize Williams fractals as dynamic trailing stops. This tool serves traders by marking key fractal points on the chart and leveraging them to create adaptive stop-loss trails, enhancing risk management and trade decision-making.
Williams fractals are pivotal in identifying potential reversals and critical support/resistance levels. By plotting fractals dynamically and providing configurable options, this indicator allows for personalized adjustments based on the trader's strategy.
This script integrates both visual fractal markers and adjustable trailing stops, offering insights into market trends while catering to a wide variety of trading styles and timeframes.
🔶 Key Features
Williams Fractals Identification: The indicator marks Williams Fractals on the chart, which are significant highs and lows within a specified range. These fractals are crucial for identifying potential reversal points in the market.
Dynamic Trailing Stops: The indicator generates dynamic trailing stops based on the identified fractals. These stops adjust automatically as new fractals are formed, providing a responsive and adaptive approach to risk management.
Fractal Range: Users can specify the number of bars to the left and right for analyzing fractals, allowing for flexibility in identifying significant price points.
Trail Buffer Percentage: A percentage-based safety margin can be added between the fractal price and the trailing stop, providing additional control over risk management.
Trail Invalidation Source: Users can choose whether the trailing stop flips based on candle closing prices or the extreme points (high/low) of the candles.
Alerts and Notifications: The indicator provides alerts for when the price crosses the trailing stops, as well as when new Williams Fractals are confirmed. These alerts can be customized to fit the trader's notification preferences.
🔶 Interpreting the Indicator
Fractal Markers: The triangles above and below the bars indicate Williams Fractals. These markers help traders identify potential reversal points in the market.
Trailing Stops: The dynamic trailing stops are plotted as lines on the chart. These lines adjust based on the latest identified fractals, providing a visual representation of potential support and resistance levels.
Fill Colors: The optional fill colors between the trailing stops and the price action help traders quickly identify the current trend and potential pullback zones.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Double Top/Bottom [AlgoAlpha]Introducing the Double Top/Bottom Indicator by AlgoAlpha, a powerful tool designed to identify key reversal patterns in the market with precision. This indicator meticulously detects double tops and double bottoms, helping traders recognize potential trend reversals and make informed trading decisions.
Key Features:
🔍 Pattern Detection : Accurately identifies double top and double bottom formations based on customizable time horizons.
🎨 Customizable Appearance : Choose your preferred colors for bullish and bearish trends to match your trading style.
📊 Signal Labels : Option to display only the second pivot of the double top/bottom for a cleaner chart view.
🔧 Flexible Settings : Adjust the time horizon to control the look-back period, allowing for detection of both short-term and long-term patterns.
📈 Visual Enhancements : Draws trend lines and fills between pivotal points to visually highlight potential reversal zones.
🔔 Alerts : Set up alerts for potential double top and double bottom formations to stay informed of key market movements.
How to Use the Double Top/Bottom Indicator :
🛠 Add the Indicator : Simply add the Double Top/Bottom Indicator to your TradingView chart from your favorites. Customize the time horizon and appearance settings to fit your trading preferences.
📊 Analyze Patterns : Watch for the identified double top and double bottom patterns along with the corresponding trend lines and filled areas to anticipate potential market reversals.
🔔 Set Alerts : Enable alerts to receive notifications when double top or double bottom patterns are detected, ensuring you never miss a critical trading opportunity.
How It Works : The indicator scans the price action for pivot highs and lows within a specified time horizon, identifying potential double top and double bottom patterns. It maintains a sequence of these pivots and verifies the formation of these patterns based on the relationship between consecutive pivots and the proximity to a defined limit. When a double top or double bottom is confirmed, the indicator marks the second pivot point with a label and draws trend lines to visualize the reversal pattern. Additionally, it provides alert conditions to notify traders of potential confirmations, enhancing decision-making without cluttering the chart.
⚠️ Important Reminder : The labels indicating double tops and bottoms appear with a delay and are intended to mark the formations after they have already formed. They are not meant to be used as real-time trading signals. While they align perfectly with pivot points in hindsight, please use them as markers for analysis rather than immediate trading triggers.
ICT Candle Block (fadi)ICT Candle Block
When trading using ICT concepts, it is often beneficial to treat consecutive candles of the same color as a single entity. This approach helps traders identify Order Blocks, liquidity voids, and other key trading signals more effectively.
However, in situations where the market becomes choppy or moves slowly, recognizing continuous price movement can be challenging.
The ICT Candle Block indicator addresses these challenges by combining consecutive candles of the same color into a single entity. It redraws the resulting candles, making price visualization much easier and helping traders quickly identify key trading signals.
FVGs and Blocks
In the above snapshot, FVGs/Liquidity Voids, Order Blocks, and Breaker Blocks are easily identified. By analyzing the combined candles, traders can quickly determine the draw on liquidity and potential price targets using ICT concepts.
Unlike traditional higher timeframes that rigidly combine lower timeframe candles based on specific start and stop times, this indicator operates as a "mixed timeframe." It combines all buying and all selling activities into a single candle, regardless of when the transactions started and ended.
Limitations
There are currently TradingView limitations that affect the functionality of this indicator:
TradingView does not have a Candle object; therefore, this indicator relies on using boxes and lines to mimic the candles. This results in wider candles than expected, leading to misalignment with the time axis below (plotcandle is not the answer).
There is a limit on the number of objects that can be drawn on a chart. A maximum of 500 candles has been set.
A rendering issue may cause a sideways box to appear across the chart. This is a display bug in TradingView; scroll to the left until it clears.
Stick Figure - AYNETKey Features
Customizable Inputs:
base_price: Sets the vertical position (price level) where the figure's feet are placed.
bar_offset: Adjusts the horizontal placement of the stick figure on the chart.
body_length, arm_length, leg_length, head_size: Control the proportions of the stick figure.
Stick Figure Components:
Head: A horizontal line to symbolize the head.
Body: A vertical line for the torso.
Arms: A horizontal line extending from the torso.
Legs: Two diagonal lines representing the legs.
Dynamic Positioning:
The stick figure can be moved along the chart using bar_offset (horizontal) and base_price (vertical).
How It Works
Head:
A horizontal line (line.new) is drawn above the torso using the specified head_size.
Body:
A vertical line connects the head to the base price (base_price).
Arms and Legs:
Arms are horizontal lines extending from the middle of the body.
Legs are diagonal lines extending from the bottom of the torso.
Error Handling:
All x1 and x2 parameters are converted to int using int() to comply with Pine Script's requirements.
Example Use Case
This script is purely for fun and visualization:
Create visual markers for specific price levels or events.
Customize the stick figure's proportions to make it more prominent on the chart.
Let me know if you'd like further refinements or additions! 😊
Multi-Period % Change Bands (Extreme Dots)Multiple Period Percentage Change Extreme Dots
This indicator visualizes percentage changes across three different timeframes (8, 13, and 21 days), highlighting extreme movements that break out of a user-defined band. It's designed to identify which timeframe is showing the most significant percentage change when prices make notable moves.
Features:
- Tracks percentage changes for 8-day, 13-day, and 21-day periods
- Customizable upper and lower bands to define significant moves
- Shows dots only for the most extreme moves (highest above band or lowest below band)
- Color-coded for easy identification:
- Blue: 8-day changes
- Green: 13-day changes
- Red: 21-day changes
- Includes current values display for all timeframes
Usage Tips:
- Shorter timeframes (8-day) are more sensitive to price changes and should use narrower bands (e.g., ±3%)
- Medium timeframes (13-day) work well with moderate bands (e.g., ±5%)
- Longer timeframes (21-day) can use wider bands (e.g., ±8%)
- Dots appear only when a timeframe shows the most extreme move above/below bands
- Use the gray zone between bands to identify normal price action ranges
The indicator helps identify which lookback period is showing the strongest momentum in either direction, while filtering out normal market noise within the bands.
Note: This is particularly useful for:
- Identifying trend strength across different timeframes
- Spotting which duration is showing the most extreme moves
- Filtering out minor fluctuations through the band system
- Comparing relative strength of moves across different periods
ICT Setup 03 [TradingFinder] Judas Swing NY 9:30am + CHoCH/FVG🔵 Introduction
Judas Swing is an advanced trading setup designed to identify false price movements early in the trading day. This advanced trading strategy operates on the principle that major market players, or "smart money," drive price in a certain direction during the early hours to mislead smaller traders.
This deceptive movement attracts liquidity at specific levels, allowing larger players to execute primary trades in the opposite direction, ultimately causing the price to return to its true path.
The Judas Swing setup functions within two primary time frames, tailored separately for Forex and Stock markets. In the Forex market, the setup uses the 8:15 to 8:30 AM window to identify the high and low points, followed by the 8:30 to 8:45 AM frame to execute the Judas move and identify the CISD Level break, where Order Block and Fair Value Gap (FVG) zones are subsequently detected.
In the Stock market, these time frames shift to 9:15 to 9:30 AM for identifying highs and lows and 9:30 to 9:45 AM for executing the Judas move and CISD Level break.
Concepts such as Order Block and Fair Value Gap (FVG) are crucial in this setup. An Order Block represents a chart region with a high volume of buy or sell orders placed by major financial institutions, marking significant levels where price reacts.
Fair Value Gap (FVG) refers to areas where price has moved rapidly without balance between supply and demand, highlighting zones of potential price action and future liquidity.
Bullish Setup :
Bearish Setup :
🔵 How to Use
The Judas Swing setup enables traders to pinpoint entry and exit points by utilizing Order Block and FVG concepts, helping them align with liquidity-driven moves orchestrated by smart money. This setup applies two distinct time frames for Forex and Stocks to capture early deceptive movements, offering traders optimized entry or exit moments.
🟣 Bullish Setup
In the Bullish Judas Swing setup, the first step is to identify High and Low points within the initial time frame. These levels serve as key points where price may react, forming the basis for analyzing the setup and assisting traders in anticipating future market shifts.
In the second time frame, a critical stage of the bullish setup begins. During this phase, the price may create a false break or Fake Break below the low level, a deceptive move by major players to absorb liquidity. This false move often causes smaller traders to enter positions incorrectly. After this fake-out, the price reverses upward, breaking the CISD Level, a critical point in the market structure, signaling a potential bullish trend.
Upon breaking the CISD Level and reversing upward, the indicator identifies both the Order Block and Fair Value Gap (FVG). The Order Block is an area where major players typically place large buy orders, signaling potential price support. Meanwhile, the FVG marks a region of supply-demand imbalance, signaling areas where price might react.
Ultimately, after these key zones are identified, a trader may open a buy position if the price reaches one of these critical areas—Order Block or FVG—and reacts positively. Trading at these levels enhances the chance of success due to liquidity absorption and support from smart money, marking an opportune time for entering a long position.
🟣 Bearish Setup
In the Bearish Judas Swing setup, analysis begins with marking the High and Low levels in the initial time frame. These levels serve as key zones where price could react, helping to signal possible trend reversals. Identifying these levels is essential for locating significant bearish zones and positioning traders to capitalize on downward movements.
In the second time frame, the primary bearish setup unfolds. During this stage, price may exhibit a Fake Break above the high, causing a brief move upward and misleading smaller traders into incorrect positions. After this false move, the price typically returns downward, breaking the CISD Level—a crucial bearish trend indicator.
With the CISD Level broken and a bearish trend confirmed, the indicator identifies the Order Block and Fair Value Gap (FVG). The Bearish Order Block is a region where smart money places significant sell orders, prompting a negative price reaction. The FVG denotes an area of supply-demand imbalance, signifying potential selling pressure.
When the price reaches one of these critical areas—the Bearish Order Block or FVG—and reacts downward, a trader may initiate a sell position. Entering trades at these levels, due to increased selling pressure and liquidity absorption, offers traders an advantage in profiting from price declines.
🔵 Settings
Market : The indicator allows users to choose between Forex and Stocks, automatically adjusting the time frames for the "Opening Range" and "Trading Permit" accordingly: Forex: 8:15–8:30 AM for identifying High and Low points, and 8:30–8:45 AM for capturing the Judas move and CISD Level break. Stocks: 9:15–9:30 AM for identifying High and Low points, and 9:30–9:45 AM for executing the Judas move and CISD Level break.
Refine Order Block : Enables finer adjustments to Order Block levels for more accurate price responses.
Mitigation Level OB : Allows users to set specific reaction points within an Order Block, including: Proximal: Closest level to the current price. 50% OB: Midpoint of the Order Block. Distal: Farthest level from the current price.
FVG Filter : The Judas Swing indicator includes a filter for Fair Value Gap (FVG), allowing different filtering based on FVG width: FVG Filter Type: Can be set to "Very Aggressive," "Aggressive," "Defensive," or "Very Defensive." Higher defensiveness narrows the FVG width, focusing on narrower gaps.
Mitigation Level FVG : Like the Order Block, you can set price reaction levels for FVG with options such as Proximal, 50% OB, and Distal.
CISD : The Bar Back Check option enables traders to specify the number of past candles checked for identifying the CISD Level, enhancing CISD Level accuracy on the chart.
🔵 Conclusion
The Judas Swing indicator helps traders spot reliable trading opportunities by detecting false price movements and key levels such as Order Block and FVG. With a focus on early market movements, this tool allows traders to align with major market participants, selecting entry and exit points with greater precision, thereby reducing trading risks.
Its extensive customization options enable adjustments for various market types and trading conditions, giving traders the flexibility to optimize their strategies. Based on ICT techniques and liquidity analysis, this indicator can be highly effective for those seeking precision in their entry points.
Overall, Judas Swing empowers traders to capitalize on significant market movements by leveraging price volatility. Offering precise and dependable signals, this tool presents an excellent opportunity for enhancing trading accuracy and improving performance
ICT Setup 02 [TradingFinder] Breaker Blocks + Reversal Candles🔵 Introduction
The "Breaker Block" concept, widely utilized in ICT (Inner Circle Trader) technical analysis, is a crucial tool for identifying reversal points and significant market shifts. Originating from the "Order Block" concept, Breaker Blocks help traders pinpoint support and resistance levels. These blocks are essential for understanding market trends and recognizing optimal entry and exit points.
A Breaker Block is essentially a failed Order Block that changes its role when price action breaks through it. When an Order Block fails to hold as a support or resistance level, it reverses its function, becoming a Breaker Block.
There are two primary types : Bullish Breaker Blocks and Bearish Breaker Blocks. These Breaker Blocks align with the prevailing market trend and indicate potential entry points after a liquidity sweep or a shift in market structure.
Understanding and applying the Breaker Block strategy enables traders to capitalize on the behavior of institutional investors, enhancing their trading outcomes.
Bullish Setup :
Bearish Setup :
🔵 How to Use
The ICT Setup 02 indicator designed to automate the identification of Bullish and Bearish Breaker Blocks. This tool enables traders to easily spot these blocks on a chart and utilize them for entering or exiting trades. Below is a breakdown of how to use this indicator in both bullish and bearish setups.
🟣 Bullish Breaker Block Setup
A Bullish Breaker Block setup is identified in an uptrend, where it serves as a potential entry point. This setup occurs when a Bearish Order Block fails and the price moves above the high of that Order Block. In this scenario, the previously bearish Order Block turns into a Bullish Breaker Block, which now acts as a support level for the price.
To trade a Bullish Breaker Block, wait for the price to retest this newly formed support level. Confirmation of the uptrend can be achieved by analyzing lower time frames for further market structure shifts or other bullish indicators.
A successful retest of the Bullish Breaker Block provides a high-probability entry point for a long trade, as it signals institutional support. Traders often place their stop-loss below the low of the Breaker Block zone to minimize risk.
🟣 Bearish Breaker Block Setup
A Bearish Breaker Block setup, conversely, is used in a downtrend to identify potential sell opportunities. This setup forms when a Bullish Order Block fails, and the price moves below the low of that Order Block.
Once this Order Block is broken, it reverses its role and becomes a Bearish Breaker Block, providing resistance to the price as it pushes downward. For a Bearish Breaker Block trade, wait for the price to retest this resistance level.
A confirmation of the downtrend, such as a market structure shift on a lower time frame or additional bearish signals, strengthens the setup. The Bearish Breaker Block retest provides an opportunity to enter a short position, with a stop-loss placed just above the high of the Breaker Block zone.
🔵 Settings
Pivot Period : This setting controls the look-back period used to identify pivot points that contribute to the detection of Order Blocks. A higher period captures longer-term pivots, while a lower period focuses on more recent price action. Adjusting this parameter allows traders to fine-tune the indicator to match their trading time frame.
Breaker Block Validity Period : This setting defines how long a Breaker Block remains valid based on the number of bars elapsed since its formation. Increasing the validity period keeps Breaker Blocks active for a longer duration, which can be useful for higher time frame analysis.
Mitigation Level BB : This option lets traders choose the level of the Order Block at which the price is expected to react. Options like "Proximal," "50% OB," and "Distal" adjust the zone where a reaction may occur, offering flexibility in setting up the entry and stop-loss levels.
Breaker Block Refinement : The refinement option refines the Breaker Block zone to display a more precise range for aggressive or defensive trading approaches. The "Aggressive" mode provides a tighter range for risk-tolerant traders, while the "Defensive" mode expands the zone for those with a more conservative approach.
🔵 Conclusion
The Breaker Block indicator provides traders with a sophisticated tool for identifying key reversal zones in the market. By leveraging Breaker Blocks, traders can gain insights into institutional order flow and predict critical support and resistance levels.
Using Breaker Blocks in conjunction with other ICT concepts, like Fair Value Gaps or liquidity sweeps, enhances the reliability of trading signals. This indicator empowers traders to make informed decisions, aligning their trades with institutional moves in the market.
As with any trading strategy, it is crucial to incorporate proper risk management, using stop-losses and position sizing to minimize potential losses. The Breaker Block strategy, when applied with discipline and thorough analysis, serves as a powerful addition to any trader’s toolkit.
Inside Bar with Swing PointsSwing Points with Inside Bar
This script combines swing point analysis with an inside bar pattern visualization, merging essential concepts to identify and visualize key price levels and potential trend reversals. This is especially useful for traders looking to understand price action through swing levels and reactions within inside bar boundaries, making it effective for short-term trend analysis and reversal zone identification.
Script Features:
Swing Point Analysis:
The script identifies swing points based on fractals with a configurable number of bars, allowing for a choice between three and five bars, helping traders fine-tune sensitivity to price movements.
Swing points are visualized as labels, highlighting potential reversal or continuation zones in the price chart.
Inside Bar Visualization:
Inside bars are defined as bars where both the high and low are contained within the previous bar. These often signal consolidation before a potential breakout.
The script displays boundaries of the mother bar (the initial bar encompassing inside bars) and colors candles accordingly, highlighting those within these boundaries.
This feature helps traders focus on price areas where a breakout or trend shift may occur.
Utility and Application:
The script enables traders to visualize inside bars and swing points, which is particularly useful for short-term traders focused on reversal or trend continuation strategies.
Combining swing point analysis with inside bar identification offers a unique approach, helping traders locate key consolidation zones that may precede significant price moves.
This provides not only strong support and resistance levels but also insights into probable breakout points.
How to Use the Script:
Set the number of bars for swing point analysis (3 or 5) to adjust fractal sensitivity.
Enable mother bar boundary visualization and color indication for inside bars to easily spot consolidation patterns.
Pay attention to areas with multiple swing points and inside bars, as these often signal potential reversal or breakout zones.
This script offers flexible tools for analyzing price movements through both swing analysis and consolidation zone identification, aiding decision-making under uncertainty and enhancing market structure understanding.
[Defaust] Fractals Fractals Indicator
Overview
The Fractals Indicator is a technical analysis tool designed to help traders identify potential reversal points in the market by detecting fractal patterns. This indicator is a fork of the original fractals indicator, with adjustments made to the plotting for enhanced visual clarity and usability.
What Are Fractals?
In trading, a fractal is a pattern consisting of five consecutive bars (candlesticks) that meet specific conditions:
Up Fractal (Potential Sell Signal): Occurs when a high point is surrounded by two lower highs on each side.
Down Fractal (Potential Buy Signal): Occurs when a low point is surrounded by two higher lows on each side.
Fractals help traders identify potential tops and bottoms in the market, signaling possible entry or exit points.
Features of the Indicator
Customizable Periods (n): Allows you to define the number of periods to consider when detecting fractals, offering flexibility to adapt to different trading strategies and timeframes.
Enhanced Plotting Adjustments: This fork introduces adjustments to the plotting of fractal signals for better visual representation on the chart.
Visual Signals: Plots up and down triangles on the chart to signify down fractals (potential bullish signals) and up fractals (potential bearish signals), respectively.
Overlay on Chart: The fractal signals are overlaid directly on the price chart for immediate visualization.
Adjustable Precision: You can set the precision of the plotted values according to your needs.
Pine Script Code Explanation
Below is the Pine Script code for the Fractals Indicator:
//@version=5 indicator(" Fractals", shorttitle=" Fractals", format=format.price, precision=0, overlay=true)
// User input for the number of periods to consider for fractal detection n = input.int(title="Periods", defval=2, minval=2)
// Initialize flags for up fractal detection bool upflagDownFrontier = true bool upflagUpFrontier0 = true bool upflagUpFrontier1 = true bool upflagUpFrontier2 = true bool upflagUpFrontier3 = true bool upflagUpFrontier4 = true
// Loop through previous and future bars to check conditions for up fractals for i = 1 to n // Check if the highs of previous bars are less than the current bar's high upflagDownFrontier := upflagDownFrontier and (high < high ) // Check various conditions for future bars upflagUpFrontier0 := upflagUpFrontier0 and (high < high ) upflagUpFrontier1 := upflagUpFrontier1 and (high <= high and high < high ) upflagUpFrontier2 := upflagUpFrontier2 and (high <= high and high <= high and high < high ) upflagUpFrontier3 := upflagUpFrontier3 and (high <= high and high <= high and high <= high and high < high ) upflagUpFrontier4 := upflagUpFrontier4 and (high <= high and high <= high and high <= high and high <= high and high < high )
// Combine the flags to determine if an up fractal exists flagUpFrontier = upflagUpFrontier0 or upflagUpFrontier1 or upflagUpFrontier2 or upflagUpFrontier3 or upflagUpFrontier4 upFractal = (upflagDownFrontier and flagUpFrontier)
// Initialize flags for down fractal detection bool downflagDownFrontier = true bool downflagUpFrontier0 = true bool downflagUpFrontier1 = true bool downflagUpFrontier2 = true bool downflagUpFrontier3 = true bool downflagUpFrontier4 = true
// Loop through previous and future bars to check conditions for down fractals for i = 1 to n // Check if the lows of previous bars are greater than the current bar's low downflagDownFrontier := downflagDownFrontier and (low > low ) // Check various conditions for future bars downflagUpFrontier0 := downflagUpFrontier0 and (low > low ) downflagUpFrontier1 := downflagUpFrontier1 and (low >= low and low > low ) downflagUpFrontier2 := downflagUpFrontier2 and (low >= low and low >= low and low > low ) downflagUpFrontier3 := downflagUpFrontier3 and (low >= low and low >= low and low >= low and low > low ) downflagUpFrontier4 := downflagUpFrontier4 and (low >= low and low >= low and low >= low and low >= low and low > low )
// Combine the flags to determine if a down fractal exists flagDownFrontier = downflagUpFrontier0 or downflagUpFrontier1 or downflagUpFrontier2 or downflagUpFrontier3 or downflagUpFrontier4 downFractal = (downflagDownFrontier and flagDownFrontier)
// Plot the fractal symbols on the chart with adjusted plotting plotshape(downFractal, style=shape.triangleup, location=location.belowbar, offset=-n, color=color.gray, size=size.auto) plotshape(upFractal, style=shape.triangledown, location=location.abovebar, offset=-n, color=color.gray, size=size.auto)
Explanation:
Input Parameter (n): Sets the number of periods for fractal detection. The default value is 2, and it must be at least 2 to ensure valid fractal patterns.
Flag Initialization: Boolean variables are used to store intermediate conditions during fractal detection.
Loops: Iterate through the specified number of periods to evaluate the conditions for fractal formation.
Conditions:
Up Fractals: Checks if the current high is greater than previous highs and if future highs are lower or equal to the current high.
Down Fractals: Checks if the current low is lower than previous lows and if future lows are higher or equal to the current low.
Flag Combination: Logical and and or operations are used to combine the flags and determine if a fractal exists.
Adjusted Plotting:
The plotting of fractal symbols has been adjusted for better alignment and visual clarity.
The offset parameter is set to -n to align the plotted symbols with the correct bars.
The color and size have been fine-tuned for better visibility.
How to Use the Indicator
Adding the Indicator to Your Chart
Open TradingView:
Go to TradingView.
Access the Chart:
Click on "Chart" to open the main charting interface.
Add the Indicator:
Click on the "Indicators" button at the top.
Search for " Fractals".
Select the indicator from the list to add it to your chart.
Configuring the Indicator
Periods (n):
Default value is 2.
Adjust this parameter based on your preferred timeframe and sensitivity.
A higher value of n considers more bars for fractal detection, potentially reducing the number of signals but increasing their significance.
Interpreting the Signals
– Up Fractal (Downward Triangle): Indicates a potential price reversal to the downside. May be used as a signal to consider exiting long positions or tightening stop-loss orders.
– Down Fractal (Upward Triangle): Indicates a potential price reversal to the upside. May be used as a signal to consider entering long positions or setting stop-loss orders for short positions.
Trading Strategy Suggestions
Up Fractal Detection:
The high of the current bar (n) is higher than the highs of the previous two bars (n - 1, n - 2).
The highs of the next bars meet certain conditions to confirm the fractal pattern.
An up fractal symbol (downward triangle) is plotted above the bar at position n - n (due to the offset).
Down Fractal Detection:
The low of the current bar (n) is lower than the lows of the previous two bars (n - 1, n - 2).
The lows of the next bars meet certain conditions to confirm the fractal pattern.
A down fractal symbol (upward triangle) is plotted below the bar at position n - n.
Benefits of Using the Fractals Indicator
Early Signals: Helps in identifying potential reversal points in price movements.
Customizable Sensitivity: Adjusting the n parameter allows you to fine-tune the indicator based on different market conditions.
Enhanced Visuals: Adjustments to plotting improve the clarity and readability of fractal signals on the chart.
Limitations and Considerations
Lagging Indicator: Fractals require future bars to confirm the pattern, which may introduce a delay in the signals.
False Signals: In volatile or ranging markets, fractals may produce false signals. It's advisable to use them in conjunction with other analysis tools.
Not a Standalone Tool: Fractals should be part of a broader trading strategy that includes other indicators and fundamental analysis.
Best Practices for Using This Indicator
Combine with Other Indicators: Use in combination with trend indicators, oscillators, or volume analysis to confirm signals.
Backtesting: Before applying the indicator in live trading, backtest it on historical data to understand its performance.
Adjust Periods Accordingly: Experiment with different values of n to find the optimal setting for the specific asset and timeframe you are trading.
Disclaimer
The Fractals Indicator is intended for educational and informational purposes only. Trading involves significant risk, and you should be aware of the risks involved before proceeding. Past performance is not indicative of future results. Always conduct your own analysis and consult with a professional financial advisor before making any investment decisions.
Credits
This indicator is a fork of the original fractals indicator, with adjustments made to the plotting for improved visual representation. It is based on standard fractal patterns commonly used in technical analysis and has been developed to provide traders with an effective tool for detecting potential reversal points in the market.
Judas Swing ICT 01 [TradingFinder] New York Midnight Opening M15🔵 Introduction
The Judas Swing (ICT Judas Swing) is a trading strategy developed by Michael Huddleston, also known as Inner Circle Trader (ICT). This strategy allows traders to identify fake market moves designed by smart money to deceive retail traders.
By concentrating on market structure, price action patterns, and liquidity flows, traders can align their trades with institutional movements and avoid common pitfalls. It is particularly useful in FOREX and stock markets, helping traders identify optimal entry and exit points while minimizing risks from false breakouts.
In today's volatile markets, understanding how smart money manipulates price action across sessions such as Asia, London, and New York is essential for success. The ICT Judas Swing strategy helps traders avoid common pitfalls by focusing on key movements during the opening time and range of each session, identifying breakouts and false breakouts.
By utilizing various time frames and improving risk management, this strategy enables traders to make more informed decisions and take advantage of significant market movements.
In the Judas Swing strategy, for a bullish setup, the price first touches the high of the 15-minute range of New York midnight and then the low. After that, the price returns upward, breaks the high, and if there’s a candlestick confirmation during the pullback, a buy signal is generated.
bearish setup, the price first touches the low of the range, then the high. With the price returning downward and breaking the low, if there’s a candlestick confirmation during the pullback to the low, a sell signal is generated.
🔵 How to Use
To effectively implement the Judas Swing strategy (ICT Judas Swing) in trading, traders must first identify the price range of the 15-minute window following New York midnight. This range, consisting of highs and lows, sets the stage for the upcoming movements in the London and New York sessions.
🟣 Bullish Setup
For a bullish setup, the price first moves to touch the high of the range, then the low, before returning upward to break the high. Following this, a pullback occurs, and if a valid candlestick confirmation (such as a reversal pattern) is observed, a buy signal is generated. This confirmation could indicate the presence of smart money supporting the bullish movement.
🟣 Bearish Setup
For a bearish setup, the process is the reverse. The price first touches the low of the range, then the high. Afterward, the price moves downward again and breaks the low. A pullback follows to the broken low, and if a bearish candlestick confirmation is seen, a sell signal is generated. This confirmation signals the continuation of the downward price movement.
Using the Judas Swing strategy enables traders to avoid fake breakouts and focus on strong market confirmations. The strategy is versatile, applying to FOREX, stocks, and other financial instruments, offering optimal trading opportunities through market structure analysis and time frame synchronization.
To execute this strategy successfully, traders must combine it with effective risk management techniques such as setting appropriate stop losses and employing optimal risk-to-reward ratios. While the Judas Swing is a powerful tool for predicting price movements, traders should remember that no strategy is entirely risk-free. Proper capital management remains a critical element of long-term success.
By mastering the ICT Judas Swing strategy, traders can better identify entry and exit points and avoid common traps from fake market movements, ultimately improving their trading performance.
🔵 Setting
Opening Range : High and Low identification time range.
Extend : The time span of the dashed line.
Permit : Signal emission time range.
🔵 Conclusion
The Judas Swing strategy (ICT Judas Swing) is a powerful tool in technical analysis that helps traders identify fake moves and align their trades with institutional actions, reducing risk and enhancing their ability to capitalize on market opportunities.
By leveraging key levels such as range highs and lows, fake breakouts, and candlestick confirmations, traders can enter trades with more precision. This strategy is applicable in forex, stocks, and other financial markets and, with proper risk management, can lead to consistent trading success.
Consecutive CandlesTrading as Easy as One, Two, and Three
Unlock the power of simplicity in trading with this innovative script inspired by KepalaBesi. Designed for traders of all levels, this script provides a user-friendly approach to market analysis, enabling you to make informed trading decisions effortlessly.
Key Features:
Simplified Signals: Receive clear buy and sell signals based on robust technical indicators. The script streamlines your trading process, allowing you to focus on execution rather than analysis.
Customizable Settings: Tailor the script to fit your trading style. Adjust parameters to suit your risk tolerance and market preferences, ensuring a personalized trading experience.
Visual Clarity: Benefit from intuitive visual cues on your chart, making it easy to identify optimal entry and exit points. The clean interface helps you make quick decisions without confusion.
Whether you’re a seasoned trader or just starting, "Trading as Easy as One, Two, and Three" simplifies your trading journey, turning complex strategies into straightforward actions. Embrace a more efficient way to trade and elevate your performance in the markets!
Get Started Today!
Join the community of traders who have discovered the ease of trading with KepalaBesi's inspired script. Elevate your trading experience and achieve your financial goals with confidence!
Support and Resistance HeatmapThe "Support and Resistance Heatmap" indicator is designed to identify key support and resistance levels in the price action by using pivots and ATR (Average True Range) to define the sensitivity of zone detection. The zones are plotted as horizontal lines on the chart, representing areas where the price has shown significant interaction. The indicator features a customizable heatmap to visualize the intensity of these zones, making it a powerful tool for technical analysis.
Features:
Dynamic Support and Resistance Zones:
Identifies potential support and resistance areas based on price pivots.
Zones are defined by ATR-based thresholds, making them adaptive to market volatility.
Customization Options:
Heatmap Visualization: Toggle the heatmap on/off to view the strength of each zone.
Sensitivity Control: Modify the zone sensitivity with the ATR Multiplier to increase or decrease zone detection precision.
Confirmations: Set how many touches a level needs before it is confirmed as a zone.
Extended Zone Visualization:
Option to extend the zones for better long-term visibility.
Ability to limit the number of zones displayed to avoid clutter on the chart.
Color-Coded Zones:
Color-coded zones help differentiate between bullish (support) and bearish (resistance) levels, providing visual clarity for traders.
Heatmap Integration:
Gradient-based color changes on levels show the intensity of touches, helping traders understand which zones are more reliable.
Inputs and Settings:
1. Settings Group:
Length:
Determines the number of bars used for the pivot lookback. This directly affects how frequently new zones are formed.
Sensitivity:
Controls the sensitivity of the zone calculation using ATR (Average True Range). A higher value will result in fewer, larger zones, while a lower value increases the number of detected zones.
Confirmations:
Sets the number of price touches needed before a level is confirmed as a support/resistance zone. Lower values will result in more zones.
2. Visual Group:
Extend Zones:
Option to extend the support and resistance lines across the chart for better visibility over time.
Max Zones to Display (maxZonesToShow):
Limits the maximum number of zones shown on the chart to avoid clutter.
3. Heatmap Group:
Show Heatmap:
Toggle the heatmap display on/off. When enabled, the script visualizes the strength of the zones using color intensity.
Core Logic:
Pivot Calculation:
The script identifies support and resistance zones by using the pivotHigh and pivotLow functions. These pivots are calculated using a lookback period, which defines the number of candles to the left and right of the pivot point.
ATR-Based Threshold:
ATR (Average True Range) is used to create dynamic zones based on volatility. The ATR acts as a buffer around the identified pivot points, creating zones that are more flexible and adaptable to market conditions.
Merging Zones:
If two zones are close to each other (within a certain threshold), they are merged into a single zone. This reduces overlapping zones and gives a cleaner visual representation of significant price levels.
Confirmation Mechanism:
Each time the price touches a zone, the confirmation counter for that zone increases. The more confirmations a zone has, the more reliable it is. Zones are only displayed if they meet the required number of confirmations as specified by the user.
Color Gradient:
Zones are color-coded based on the number of confirmations. A gradient is used to visually represent the strength of each zone, with stronger zones being more vividly colored.
Heatmap Visualization:
When the heatmap is enabled, the color intensity of the zones is adjusted based on the proximity of the price to the zone and the number of touches the zone has received. This helps traders quickly identify which zones are more critical.
How to Use:
Identifying Support and Resistance Zones:
After adding the indicator to your chart, you will see horizontal lines representing key support (bullish) and resistance (bearish) levels. These zones are dynamically updated based on price action and pivots.
Adjusting Zone Sensitivity:
Use the "ATR Multiplier" to fine-tune how sensitive the indicator is to price fluctuations. A higher multiplier will reduce the number of zones, focusing on more significant levels.
Using Confirmations:
The more times a price interacts with a zone, the stronger that zone becomes. Use the "Confirmations" input to filter out weaker zones. This ensures that only zones with enough interaction (touches) are plotted.
Activating the Heatmap:
Enabling the heatmap will provide a color-coded visual representation of the strength of the zones. Zones with more price interactions will appear more vividly, helping you focus on the most significant areas.
Best Practices:
Combine with Other Indicators:
This support and resistance indicator works well when combined with other technical analysis tools, such as oscillators (e.g., RSI, MACD) or moving averages, for better trade confirmations.
Adjust Sensitivity Based on Market Conditions:
In volatile markets, you may want to increase the ATR multiplier to focus on more significant support and resistance zones. In calmer markets, decreasing the multiplier can help you spot smaller, but relevant, levels.
Use in Different Time Frames:
This indicator can be used effectively across different time frames, from intraday charts (e.g., 1-minute or 5-minute charts) to longer-term analysis on daily or weekly charts.
Look for Confluences:
Zones that overlap with other indicators, such as Fibonacci retracements or key moving averages, tend to be more reliable. Use the zones in conjunction with other forms of analysis to increase your confidence in trade setups.
Limitations and Considerations:
False Breakouts:
In highly volatile markets, there may be false breakouts where the price briefly moves through a zone without a sustained trend. Consider combining this indicator with momentum-based tools to avoid false signals.
Sensitivity to ATR Settings:
The ATR multiplier is a key component of this indicator. Adjusting it too high or too low may result in too few or too many zones, respectively. It is important to fine-tune this setting based on your specific trading style and market conditions.
Precision Cloud by Dr ABIRAM SIVPRASAD
Precision Cloud by Dr. Abhiram Sivprasad"
The " Precision Cloud" script, created by Dr. Abhiram Sivprasad, is a multi-purpose technical analysis tool designed for Forex, Bitcoin, Commodities, Stocks, and Options trading. It focuses on identifying key levels of support and resistance, combined with moving averages (EMAs) and central pivot ranges (CPR), to help traders make informed trading decisions. The script also provides a visual "light system" to highlight potential long or short positions, aiding traders in entering trades with a clear strategy.
Key Features of the Script:
Central Pivot Range (CPR):
The CPR is calculated as the average of the high, low, and close of the price, while the top and bottom pivots are derived from it. These act as dynamic support and resistance zones.
The script can plot daily CPR, support, and resistance levels (S1/R1, S2/R2, S3/R3) as well as optional weekly and monthly pivot points.
The CPR helps identify whether the price is in a bullish, bearish, or neutral zone.
Support and Resistance Levels:
Three daily support (S1, S2, S3) and resistance (R1, R2, R3) levels are plotted based on the CPR.
These levels act as potential reversal or breakout points, allowing traders to make decisions around key price points.
EMA (Exponential Moving Averages):
The script includes two customizable EMAs (default periods of 9 and 21). You can choose the source for these EMAs (open, high, low, or close).
The crossovers between EMA1 and EMA2 help identify potential trend reversals or momentum shifts.
Lagging Span:
The Lagging Span is plotted with a customizable displacement (default 26), which helps identify overall trend direction by comparing past price with the current price.
Light System:
A color-coded table provides a visual representation of market conditions:
Green indicates bullish signals (e.g., price above CPR, EMAs aligning positively).
Red indicates bearish signals (e.g., price below CPR, EMAs aligning negatively).
Yellow indicates neutral conditions, where there is no clear trend direction.
The system includes lights for CPR, EMA, Long Position, and Short Position, helping traders quickly assess whether the market is in a buying or selling opportunity.
Trading Strategies Using the Script
1. Forex Trading:
Trend-Following with EMAs: Use the EMA crossovers to capture trending markets in Forex. A green light for the EMA combined with a price above the daily or weekly pivot levels suggests a buying opportunity. Conversely, if the EMA light turns red and price falls below the CPR levels, look for shorting opportunities.
Reversal Strategy: Watch for price action near the daily S1/R1 levels. If price holds above S1 and the EMA is green, this could signal a reversal from support. The same applies to resistance levels.
2. Bitcoin Trading:
Momentum Breakouts: Bitcoin is known for its sharp moves. The script helps to identify breakouts from the CPR range. If the price breaks above the TC (Top Central Pivot) with bullish EMA alignment (green light), it could signal a strong uptrend.
Lagging Span Confirmation: Use the Lagging Span to confirm the trend direction. For Bitcoin's volatility, when the lagging span shows consistent alignment with the price and CPR, it often indicates continuation of the trend.
3. Commodities Trading:
Support/Resistance Bounce: Commodities such as gold and oil often react well to pivot levels. Look for price bouncing off S1 or R1 for potential entry points. A green CPR light along with price above the pivot range supports a bullish bias.
EMA Pullback Strategy: If price moves in a strong trend and pulls back to one of the EMAs, a green EMA light suggests re-entry on a pullback. If the EMA light is red and price breaks below the BC (Bottom Central Pivot), short positions could be considered.
4. Stocks Trading:
Long Position Strategy: For stocks, use the combination of the long position light turning green (price above TC and EMA alignment) as a signal to buy. This could be especially useful for riding bullish trends in growth stocks or during earnings seasons when volatility is high.
Short Position Strategy: If the short position light turns green, indicating price below BC and EMAs turning bearish, this could be an ideal setup for shorting overvalued stocks or during market corrections.
5. Options Trading:
Directional Bias for Options: The light system is particularly helpful for options traders. A green long position light provides a clear signal to buy call options, while a green short position light supports buying puts.
Pivot Breakout Strategy: Buy options (calls or puts) when the price breaks above resistance or below support, with confirmation from the CPR and EMA lights. This helps capture the sharp moves required for profitable options trades.
Conclusion
The S&R Precision Cloud script is a versatile tool for traders across markets, including Forex, Bitcoin, Commodities, Stocks, and Options. It combines critical technical elements like pivot ranges, support and resistance levels, EMAs, and the Lagging Span to provide a clear picture of market conditions. The intuitive light system helps traders quickly assess whether to take a long or short position, making it an excellent tool for both new and experienced traders.
The S&R Precision Cloud by Dr. Abhiram Sivprasad script is a technical analysis tool designed to assist traders in making informed decisions. However, it should not be interpreted as financial or investment advice. The signals generated by the script are based on historical price data and technical indicators, which are inherently subject to market fluctuations and do not guarantee future performance.
Trading in Forex, Bitcoin, Commodities, Stocks, and Options carries a high level of risk and may not be suitable for all investors. You should be aware of the risks involved and be willing to accept them before engaging in such activities. Always conduct your own research and consult with a licensed financial advisor or professional before making any trading decisions.
The creators of this script are not responsible for any financial losses that may occur from its use. Past performance is not indicative of future results, and the use of this script is at your own risk.
Volume Adjusted CandlesTraditional candlestick charts are invaluable for visualizing price movements over time. However, they often lack an explicit representation of trading volume, a key factor that can significantly influence price action. Our Volume Adjusted Candles Indicator fills this gap by incorporating volume directly into the candlesticks, allowing for a more comprehensive analysis.
How Candles are Calculated
Each candlestick in this indicator is adjusted based on the volume of trades that occurred during its timeframe. The process involves segmenting the price range of the trading session into equal parts, known as 'bins'. Each bin represents a segment of the price range, and the volume of trades within each bin influences the final shape and position of the candlestick.
The Formula: The volume adjusted position of each part of the candle (high, low, and close) is calculated using a weighted average formula where each price point is weighted by the volume of trades at that price. This results in a volume-weighted price for each segment of the candle, making it easy to see where the most trading activity occurred and how it impacted price movements.
Swing Failure Pattern SFP [TradingFinder] SFP ICT Strategy🔵 Introduction
The Swing Failure Pattern (SFP), also referred to as a "Fake Breakout" or "False Breakout," is a vital concept in technical analysis. This pattern is derived from classic technical analysis, price action strategies, ICT concepts, and Smart Money Concepts.
It’s frequently utilized by traders to identify potential trend reversals in financial markets, especially in volatile markets like cryptocurrencies and forex. SFP helps traders recognize failed attempts to breach key support or resistance levels, providing strategic opportunities for trades.
The Swing Failure Pattern (SFP) is a popular strategy among traders used to identify false breakouts and potential trend reversals in the market. This strategy involves spotting moments where the price attempts to break above or below a previous high or low (breakout) but fails to sustain the move, leading to a sharp reversal.
Traders use this strategy to identify liquidity zones where stop orders (stop hunt) are typically placed and targeted by larger market participants or whales.
When the price penetrates these areas but fails to hold the levels, a liquidity sweep occurs, signaling exhaustion in the trend and a potential reversal. This strategy allows traders to enter the market at the right time and capitalize on opportunities created by false breakouts.
🟣 Types of SFP
When analyzing SFPs, two main variations are essential :
Real SFP : This occurs when the price breaks a critical level but fails to close above it, then quickly reverses. Due to its clarity and strong signal, this SFP type is highly reliable for traders.
Considerable SFP : In this scenario, the price closes slightly above a key level but quickly declines. Although significant, it is not as definitive or trustworthy as a Real SFP.
🟣 Understanding SFP
The Swing Failure Pattern, or False Breakout, is identified when the price momentarily breaks a crucial support or resistance level but cannot maintain the movement, leading to a rapid reversal.
The pattern can be categorized as follows :
Bullish SFP : This type occurs when the price dips below a support level but rebounds above it, signaling that sellers failed to push the price lower, indicating a potential upward trend.
Bearish SFP : This pattern forms when the price surpasses a resistance level but fails to hold, suggesting that buyers couldn’t maintain the higher price, leading to a potential decline.
🔵 How to Use
To effectively identify an SFP or Fake Breakout on a price chart, traders should follow these steps :
Identify Key Levels: Locate significant support or resistance levels on the chart.
Observe the Fake Breakout: The price should break the identified level but fail to close beyond it.
Monitor Price Reversal: After the breakout, the price should quickly reverse direction.
Execute the Trade: Traders typically enter the market after confirming the SFP.
🟣 Examples
Bullish Example : Bitcoin breaks below a $30,000 support level, drops to $29,000, but closes above $30,000 by the end of the day, signaling a Real Bullish SFP.
Bearish Example : Ethereum surpasses a $2,000 resistance level, rises to $2,100, but then falls back below $2,000, forming a Bearish SFP.
🟣 Pros and Cons of SFP
Pros :
Effective in identifying strong reversal points.
Offers a favorable risk-to-reward ratio.
Applicable across different timeframes.
Cons :
Requires experience and deep market understanding.
Risk of encountering false breakouts.
Should be combined with other technical tools for optimal effectiveness.
🔵 Settings
🟣 Logical settings
Swing period : You can set the swing detection period.
SFP Type : Choose between "All", "Real" and "Considerable" modes to identify the swing failure pattern.
Max Swing Back Method : It is in two modes "All" and "Custom". If it is in "All" mode, it will check all swings, and if it is in "Custom" mode, it will check the swings to the extent you determine.
Max Swing Back : You can set the number of swings that will go back for checking.
🟣 Display settings
Displaying or not displaying swings and setting the color of labels and lines.
🟣 Alert Settings
Alert SFP : Enables alerts for Swing Failure Pattern.
Message Frequency : Determines the frequency of alerts. Options include 'All' (every function call), 'Once Per Bar' (first call within the bar), and 'Once Per Bar Close' (final script execution of the real-time bar). Default is 'Once per Bar'.
Show Alert Time by Time Zone : Configures the time zone for alert messages. Default is 'UTC'.
🔵 Conclusion
The Swing Failure Pattern (SFP), or False Breakout, is an essential analytical tool that assists traders in identifying key market reversal points for successful trading.
By understanding the nuances between Real SFP and Considerable SFP, and integrating this pattern with other technical analysis tools, traders can make more informed decisions and better manage their trading risks.
Standardized PSAR Oscillator [AlgoAlpha]Enhance your trading experience with the "Standardized PSAR Oscillator" 🪝, a powerful tool that combines the Parabolic Stop and Reverse (PSAR) with standardization techniques to offer more nuanced insights into market trends and potential reversals.
🔑 Key Features:
- 🛠 Customizable PSAR Settings: Adjust the starting point, increment, and maximum values for the PSAR to tailor the indicator to your strategy.
- 📏 Standardization: Smooth out volatility by standardizing the PSAR values using a customizable EMA, making reversals easier to identify.
- 🎨 Dynamic Color-Coding: The oscillator changes colors based on market conditions, helping you quickly spot bullish and bearish trends.
- 🔄 Divergence Detection: Automatic detection of bullish and bearish divergences with customizable sensitivity and confirmation settings.
- 🔔 Alerts: Set up alerts for key events like zero-line crossovers and trend weakening, ensuring you never miss a critical market move.
🚀 How to Use:
✨ Add the Indicator: Add the indicator to favorites by pressing the star icon, adjust the settings to suite your needs.
👀 Monitor Signals: Watch for the automatic plotting of divergences and reversal signals to identify potential market entries and exits.
🔔 Set Alerts: Configure alerts to get notified of key changes without constantly monitoring the charts.
🔍 How It Works:
The Standardized PSAR Oscillator is an advanced trading tool that refines the traditional PSAR (Parabolic Stop and Reverse) indicator by incorporating several key enhancements to improve trend analysis and signal accuracy. The script begins by calculating the PSAR, a widely used indicator known for its effectiveness in identifying trend reversals. To make the PSAR more adaptive and responsive to market conditions, it is standardized using an Exponential Moving Average (EMA) of the high-low range over a user-defined period. This standardization helps to normalize the PSAR values, making them more comparable across different market conditions.
To further enhance signal clarity, the standardized PSAR is then smoothed using a Weighted Moving Average (WMA). This combination of EMA and WMA creates an oscillator that not only captures trend direction but also smooths out market noise, providing a cleaner signal. The oscillator's values are color-coded to visually indicate its position relative to the zero line, with additional emphasis on whether the WMA is rising or falling—this helps traders quickly interpret the trend’s strength and direction.
The oscillator also includes built-in divergence detection by comparing pivot points in price action with those in the oscillator. This feature helps identify potential discrepancies between the price and the oscillator, signaling possible trend reversals. Alerts can be configured for when the oscillator crosses the zero line or when a trend shows signs of weakening, ensuring that traders receive timely notifications to act on emerging opportunities. These combined elements make the Standardized PSAR Oscillator a robust tool for enhancing your trading strategy with more reliable and actionable signals
VS (Vegas Fractal System)VS is a trading system based on the identification of fractal reaction zones within a larger, carefully identified movement. It is internally made up of 4 sub-systems.
The indicator is composed of the following parameters: Max and Min, are the largest area identified and will act as the STOPLOSS point. L1, is the price reaction level. Entry, is where to place a pending market entry order. TP, is the place to place a 100% sell order.
A valid area must be identified through the Fibonacci levels that join Highs and Lows or vice versa depending on the bullish or bearish movement. To be usable, this movement must not have a sub-movement that has already hit the 0.618 level.
Always manage Risk and Money Management in an adequate, technical and sustainable manner in relation to your capital. A fair exposure per transaction is between 1% and 2% of the capital.
False Breakouts [TradingFinder] Fake Breakouts Failure🔵 Introduction
Technical indicators are essential tools for analysts and traders in financial markets, helping them predict price movements and make better trading decisions. One of the key concepts in technical analysis that should be carefully considered is the "False Breakout."
This phenomenon occurs when a price temporarily breaks through a significant support or resistance level but fails to hold and quickly returns to its previous range. Understanding this concept and applying it in trading can reduce risks and increase profitability.
🟣 What is a False Breakout?
A Fake Breakout, as the name suggests, refers to a breakout that appears to occur but fails to sustain, leading the price to quickly revert back to its previous range. This situation often happens when inexperienced or non-professional traders, under psychological pressure and eager to enter the market quickly, initiate trades.
This creates opportunities for professional traders to take advantage of these short-term fluctuations and execute successful trades.
🟣 The Importance of Recognizing False Breakouts
Recognizing False Breakouts is crucial for any trader aiming for success in financial markets. False Breakouts typically occur when the market approaches a critical support or resistance level.
In these situations, many traders are waiting to see if the price will break through this level. However, when the price quickly returns to its previous range, it indicates weakness in the movement and the inability to sustain the breakout.
🟣 How to identify False Breakouts?
To identify Fake Breakouts, it is important to carefully analyze price charts and look for signs of a quick price reversal after breaking a key level.
Here are some chart patterns that may help you identify a False Breakout :
1. Pin Bar Pattern : The Pin Bar is a candlestick pattern that indicates a price reversal. This pattern usually appears near support and resistance levels, showing that the price attempted to break through a key level but failed and reversed.
2. Fakey Pattern : This pattern, which consists of several candlesticks, indicates a False Breakout and a quick price return to the previous range. It usually appears near key levels and can signal a trend reversal.
3. Using Multiple Timeframes : One way to identify False Breakouts is by using charts of different timeframes. Sometimes, a breakout on a one-hour chart may be a False Breakout on a daily chart. Analyzing charts across multiple timeframes can help you accurately identify this phenomenon.
🔵 How to Use
Once you identify a False Breakout, you can use it as a trading signal. For this, it is best to look for trading opportunities in the opposite direction of the False Breakout. In other words, if a False Breakout occurs at a resistance level, you might consider selling opportunities, and if it happens at a support level, you might look for buying opportunities.
Here are some key points for trading based on False Breakouts :
1. Patience and Discipline : Patience and discipline are crucial when trading with False Breakouts. Wait for the False Breakout to clearly form before entering a trade.
2. Use Stop Loss : Setting an appropriate stop loss is vital when trading based on False Breakouts. Typically, the stop loss can be placed near the level where the False Breakout occurred.
3. Seek Confirmations : Before entering a trade, look for additional confirmations. These can include other analyses or technical indicators that show the price is likely to return to its previous level.
🔵 Settings
🟣 Logical settings
Swing period : You can set the swing detection period.
Max Swing Back Method : It is in two modes "All" and "Custom". If it is in "All" mode, it will check all swings, and if it is in "Custom" mode, it will check the swings to the extent you determine.
Max Swing Bac k: You can set the number of swings that will go back for checking.
🟣 Display settings
Displaying or not displaying swings and setting the color of labels and lines.
🟣 Alert Settings
Alert False Breakout : Enables alerts for Breakout.
Message Frequency : Determines the frequency of alerts. Options include 'All' (every function call), 'Once Per Bar' (first call within the bar), and 'Once Per Bar Close' (final script execution of the real-time bar). Default is 'Once per Bar'.
Show Alert Time by Time Zone : Configures the time zone for alert messages. Default is 'UTC'.
🔵Conclusion
False Breakouts, as a key concept in technical analysis, are powerful tools for identifying sudden price changes and using them in trading. Understanding this phenomenon and applying it can help traders perform better in financial markets and avoid potential losses.
To benefit from False Breakouts, traders need to carefully analyze charts and use the appropriate analytical tools. By leveraging this strategy, traders can achieve lower-risk and higher-reward trades.
