Scalping Tool with Dynamic Take Profit & Stop Loss### **Scalping Indicator: Summary and User Guide**
The **Scalping Indicator** is a powerful tool designed for traders who focus on short-term price movements. It combines **Exponential Moving Averages (EMA)** for trend identification and **Average True Range (ATR)** for dynamic stop loss and take profit levels. The indicator is highly customizable, allowing traders to adapt it to their specific trading style and risk tolerance.
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### **Key Features**
1. **Trend Identification**:
- Uses two EMAs (Fast and Slow) to identify trend direction.
- Generates **Buy Signals** when the Fast EMA crosses above the Slow EMA.
- Generates **Sell Signals** when the Fast EMA crosses below the Slow EMA.
2. **Dynamic Take Profit (TP) and Stop Loss (SL)**:
- **Take Profit (TP)**:
- TP levels are calculated as a percentage above (for long trades) or below (for short trades) the entry price.
- TP levels are **dynamically recalculated** when the price reaches the initial target, allowing for multiple TP levels during a single trade.
- **Stop Loss (SL)**:
- SL levels are calculated using the ATR multiplier, providing a volatility-based buffer to protect against adverse price movements.
3. **Separate Settings for Long and Short Trades**:
- Users can independently enable/disable and configure TP and SL for **Buy** and **Sell** orders.
- This flexibility ensures that the indicator can be tailored to different market conditions and trading strategies.
4. **Visual Signals and Levels**:
- **Buy/Sell Signals**: Clearly marked on the chart with labels ("BUY" or "SELL").
- **TP and SL Levels**: Plotted on the chart for both long and short trades, making it easy to visualize risk and reward.
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### **How to Use the Scalping Indicator**
#### **1. Setting Up the Indicator**
- Apply the indicator to your chart in TradingView.
- Configure the input parameters based on your trading preferences:
- **Fast Length**: The period for the Fast EMA (default: 5).
- **Slow Length**: The period for the Slow EMA (default: 13).
- **ATR Length**: The period for the ATR calculation (default: 14).
- **Buy/Sell TP and SL**: Enable/disable and set the percentage or ATR multiplier for TP and SL levels.
#### **2. Interpreting the Signals**
- **Buy Signal**:
- When the Fast EMA crosses above the Slow EMA, a "BUY" label appears below the price bar.
- The TP and SL levels for the long trade are plotted on the chart.
- **Sell Signal**:
- When the Fast EMA crosses below the Slow EMA, a "SELL" label appears above the price bar.
- The TP and SL levels for the short trade are plotted on the chart.
#### **3. Managing Trades**
- **Take Profit (TP)**:
- When the price reaches the initial TP level, the indicator automatically recalculates the next TP level based on the new close price.
- This allows traders to capture additional profits as the trend continues.
- **Stop Loss (SL)**:
- The SL level is based on the ATR multiplier, providing a dynamic buffer against market volatility.
- If the price hits the SL level, the trade is considered closed, and the indicator resets.
#### **4. Customization**
- Adjust the **Fast Length** and **Slow Length** to suit your trading timeframe (e.g., shorter lengths for scalping, longer lengths for swing trading).
- Modify the **ATR Multiplier** and **TP Percentage** to align with your risk-reward ratio.
- Enable/disable TP and SL for long and short trades based on your trading strategy.
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### **Tips for Getting the Best Results**
1. **Combine with Price Action**:
- Use the Scalping Indicator in conjunction with support/resistance levels, candlestick patterns, or other technical analysis tools to confirm signals.
2. **Optimize for Your Timeframe**:
- For **scalping**, use shorter EMA lengths (e.g., Fast: 5, Slow: 13).
- For **swing trading**, use longer EMA lengths (e.g., Fast: 10, Slow: 20).
3. **Adjust Risk Management**:
- Use a smaller **ATR Multiplier** for tighter stop losses in low-volatility markets.
- Increase the **TP Percentage** to allow for larger price movements in high-volatility markets.
4. **Backtest and Practice**:
- Test the indicator on historical data to understand its performance in different market conditions.
- Use a demo account to practice trading with the indicator before applying it to live trading.
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### **Conclusion**
The **Scalping Indicator** is a versatile and user-friendly tool for traders who want to capitalize on short-term price movements. By combining trend-following EMAs with dynamic TP and SL levels, it provides a clear and systematic approach to trading. Whether you're a scalper or a swing trader, this indicator can help you identify high-probability setups and manage risk effectively. Customize it to fit your strategy, and always remember to combine it with sound risk management principles for the best results.
Multitimeframe
VMA [Extreme Advanced Custom Table for BTCUSD]This indicator implements a Variable Moving Average (VMA) with a 33-period length—selected in homage to the Tesla 369 concept—to dynamically adjust to market conditions. It not only calculates the adaptive VMA but also displays a custom table of key metrics directly on the chart. Here’s how to use it:
Apply to Your Chart:
Add the indicator to your chart (optimized for BTCUSD, though it can be used on other symbols) and choose your desired source (e.g., close).
Customize Your Visuals:
Trend & Price Lines: Toggle the trend colors, price line, and bar coloring based on the VMA’s direction.
Channels & Slope: Enable the volatility channel and slope line to visualize market volatility and the VMA’s momentum.
Pivot Points & Super VMA: Activate pivot high/low markers for potential reversal points and a Super VMA (SMA of VMA) for an extra smoothing layer.
Table Customization: Adjust the table’s position, colors, and font sizes as needed for your viewing preference.
Monitor Key Metrics:
The dynamic table displays essential information:
VMA Value & Trend: See the current VMA and whether the trend is Bullish, Bearish, or Neutral.
Volatility Index (vI) & Slope: Quickly assess market volatility and the VMA’s slope (both absolute and percentage).
Price-VMA Difference & Correlation: Evaluate how far the price is from the VMA and its correlation.
Higher Timeframe VMA: Compare the current VMA with its higher timeframe counterpart (set via the “Higher Timeframe” input).
Alerts for Key Conditions:
Built-in alert conditions notify you when:
The trend changes (bullish/bearish).
The VMA slope becomes extreme.
The price and VMA correlation falls below a defined threshold.
The VMA crosses its higher timeframe average.
How to Use the Script:
Add to Your Chart:
Open TradingView and apply the indicator to your BTCUSD (or any other) chart.
The indicator will overlay on your chart, plotting the VMA along with optional elements such as the price line, volatility channels, and higher timeframe VMA.
Customize Your Settings:
Inputs:
Choose your data source (e.g., close price).
Adjust the VMA length (default is 33) if desired.
Visual Options:
Toggle trend colors, bar coloring, and additional visuals (price line, volatility channels, slope line, pivot points, and Super VMA) to suit your trading style.
Table Customization:
Set the table position, colors, border width, and font size to ensure key metrics are easily visible.
Higher Timeframe:
You can change the higher timeframe input (default is Daily) to better fit your analysis routine.
Interpret the Indicator:
Trend Analysis:
Watch the color-coded VMA line. A rising (orange) VMA suggests bullish momentum, while a falling (red) one indicates bearish conditions.
What Sets This Script Apart:
Dynamic Adaptation:
Unlike a fixed-period moving average, the VMA adjusts its sensitivity in real time by integrating a volatility measure, making it more adaptive to market swings.
Multi-Layered Analysis:
With integrated volatility channels, pivot points, slope analysis, and a higher timeframe VMA, this tool gives you a fuller picture of market dynamics.
Immediate Data at a Glance:
The real-time table consolidates multiple key metrics into one view, saving time and reducing the need for additional indicators.
Custom Alerts:
Pre-built alert conditions allow for timely notifications, ensuring you don’t miss critical market changes.
Previous Candle Highs and lowsThis indicator is used to find the previous candles Highs and Lows. Which is helps us to find the trend and the liquidity in previous candles.
3MA Cross & Trend Break with Fibonacci & RSIСтратегия пытается идентифицировать тренды с помощью скользящих средних, подтверждать эти тренды прорывами уровней волатильности (ATR), а также учитывать близость цены к уровням Фибоначчи для нахождения потенциальных точек входа. Условия консолидации вблизи уровней Фибоначчи используются как дополнительный фильтр, чтобы отсеять ложные сигналы.
Killzones & Previous High-Low Liquidity [odnac]This indicator is designed for use in intraday trading to visualize key "Killzones" (specific time windows during different global market sessions) and highlight liquidity levels based on previous highs and lows from the previous day and week.
It helps traders identify potential market entry and exit points based on time-based trading zones and price action levels.
Key Features:
Killzone (Market Session Timeframes):
Asia (2000-0000 UTC): Displays a shaded box over the Asia trading session.
Europe (0200-0500 UTC): Highlights the European trading session.
New York AM (0830-1100 UTC): Represents the morning session of the NY market.
New York PM (1330-1600 UTC): Represents the afternoon session of the NY market.
Each of these timeframes can be customized in terms of session start and end times, and the shaded areas will help identify high liquidity periods when the market tends to be more active.
Previous High-Low Liquidity Zones:
Previous Week's High/Low: Displays lines at the high and low of the previous week.
These are important liquidity levels that can influence price action.
Previous Day's High/Low: Shows the high and low from the previous trading day.
These are also significant levels to watch for potential support and resistance.
Filters and Customization:
Position Filtering: The indicator allows users to filter out previous highs or lows if the current price doesn't align with those levels.
For example, it can filter out previous week highs if the current price is lower than that level.
Vertical Lines: Optional vertical lines to highlight key time points such as the start and end of the previous week and day.
How It Works:
The indicator visually draws "killzones" as shaded regions on the chart, indicating periods of increased market activity.
This can help traders align their strategies with the most liquid periods of the day.
The previous high and low lines (both for the previous week and the previous day) are drawn as solid lines and can be toggled on/off in the settings.
Labels are added to indicate the specific levels and periods.
The indicator provides clear visual cues, helping traders assess if the price is near important liquidity levels and whether the current market conditions align with those levels.
Customizable Settings:
You can control whether each Killzone and liquidity level is shown on the chart.
Color customization for the various zones and lines is also available.
The indicator also lets you decide whether to hide weekend data, set time-frame limits, and choose whether or not to show vertical lines at the beginning and end of each trading session.
This indicator is aimed at traders who want to trade based on high-liquidity periods and understand where key support and resistance levels are likely to emerge based on previous price action.
Baxing-4 EMAs 9/21/50/1004 EMAs is a shaded EMA indicator, there are 4 lines in total: 9, 21, 50 and 100.
EMA (Exponential Moving Average) is a type of moving average calculation (Moving Average: MA). The calculation of the exponential value will consider the relationship of the stock price in the past (according to the number of days we specify) in the form of exponential weights, giving the highest importance to the latest price.
It is recommended to use it to view the price trend in the form of a trend and find turning points. It can be used with all time frames.
The recommended default values here are 9, 21, 50 and 100, but you can
- Change the values as desired
- Turn on/off the unwanted EMA lines
- Turn on/off/change the shading pattern and color, which is the area between the pairs of EMAs (such as the pair 9/21 or 50/100)
KK Custom Stochastic & VIX FixTHIS INDICATOR BASED ON TWO STRATEGY , One is Stochastic and vixfix from cm_williams .
WHEN TO BUY
after the green bar end wait to stochastic cross if it cross happened and going to cross 30% line that we go for buy
WHEN TO SELL
after red bar we can see stochastic to bend down below 70% line
NFP High/Low LevelsChart the last 12 NFP Day High and Low values automatically.
Review and update indicator settings accordingly.
*Feel free to use/edit/improve
*shoutout to DeepSeek for coding help
CRT 1,5 and 9am Candle RangesThis script draws the 1,5 and 9am ranges with vertical lines, so u don't have to draw them each time...
Multi-Timeframe RSI//@version=5
indicator("Multi-Timeframe RSI", overlay=false)
// RSI Length
rsiLength = 14
// Central RSI (Current Timeframe)
centralRSI = ta.rsi(close, rsiLength)
// Higher Timeframe RSI Calculations
rsiMonthly = request.security(syminfo.ticker, "M", ta.rsi(close, rsiLength))
rsiWeekly = request.security(syminfo.ticker, "W", ta.rsi(close, rsiLength))
rsiDaily = request.security(syminfo.ticker, "D", ta.rsi(close, rsiLength))
// Plot RSI Values
plot(centralRSI, color=color.blue, linewidth=2, title="Central RSI")
plot(rsiMonthly, color=color.red, linewidth=2, title="Monthly RSI")
plot(rsiWeekly, color=color.green, linewidth=2, title="Weekly RSI")
plot(rsiDaily, color=color.orange, linewidth=2, title="Daily RSI")
// RSI Overbought & Oversold Levels
hline(70, "Overbought", color=color.gray)
hline(30, "Oversold", color=color.gray)
hline(50, "Midline", color=color.gray, linestyle=hline.style_dotted)
EMA 14/100/200This script displays four Exponential Moving Averages (EMAs)—EMA 14, EMA 100, EMA 200, and EMA 720—on the same chart. By doing so, it helps you easily observe price trends and momentum across multiple timeframes. Whether you’re trading short-, medium-, or long-term, you can use this tool to compare and analyze market movement with greater clarity.
Naive Bayes Candlestick Pattern Classifier v1.1 BETAAn intermezzo on why i made this script publication..
A : Candlestick Pattern took hours to backtest, why not using Machine Learning techniques?
B : Machine Learning, no that's gonna be really heavy bro!
A : Not really, because we use Naive Bayes.
B : The simplest, yet powerful machine learning algorithm to separate (a.k.a classify) multivariate data.
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Hello, everyone!
After deep research in extracting meaningful information from the market, I ended up building this powerful machine learning indicator based on the evolution of Bayesian Statistics. This indicator not only leverages the simplicity of Naive Bayes but also extends its application to candlestick pattern analysis, making it an invaluable tool for traders who are looking to enhance their technical analysis without spending countless hours manually backtesting each pattern on each market!.
What most interesting part is actually after learning all of likely useless methods like fibonacci, supply and demand, volume profile, etc. We always ended up back to basic like support and resistance and candlestick patterns, but with a slight twist on strategy algorithm design and statistical approach. Thus, the only reason why i made this, because i exactly know that you guys will ended up in this position as time goes by.
The essence of this indicator lies in its ability to automate the recognition and statistical evaluation of various candlestick patterns. Traditionally, traders have relied on visual inspection and manual backtesting to determine the effectiveness of patterns like Bullish Engulfing, Bearish Engulfing, Harami variations, Hammer formations, and even more complex multi-candle patterns such as Three White Soldiers, Three Black Crows, Dark Cloud Cover, and Piercing Pattern. However, these conventional methods are both time-consuming and prone to subjective bias.
To address these challenges, I employed Naive Bayes—a probabilistic classifier that, despite its simplicity, offers robust performance in various domains. Naive Bayes assumes that each feature is independent of the others given the class label, which, although a strong assumption, works remarkably well in practice, especially when the dataset is large like market data and the feature space is high-dimensional. In our case, each candlestick pattern acts as a feature that can be statistically evaluated based on its historical performance. The indicator calculates a probability that a given pattern will lead to a price reversal, by comparing the pattern’s close price to the highest or lowest price achieved in a lookahead window.
One of the standout features of this script is its flexibility. Each candlestick pattern is not only coded into the system but also comes with individual toggles to enable or disable them based on your trading strategy. This means you can choose to focus on single-candle patterns like Bullish Engulfing or more complex multi-candle formations such as Three White Soldiers, without modifying the core code. The built-in customization options allow you to adjust colors and labels for each pattern, giving you the freedom to tailor the visual output to your preference. This level of customization ensures that the indicator integrates seamlessly into your existing TradingView setup.
Moreover, the indicator isn’t just about pattern recognition—it also incorporates outcome-based learning. Every time a pattern is detected, it looks ahead a predefined number of bars to evaluate if the expected reversal actually materialized. This outcome is then stored in arrays, and over time, the script dynamically calculates the probability of success for each pattern. These probabilities are presented in a real-time updating table on your chart, which shows not only the percentage probability but also the count of historical occurrences. With this information at your fingertips, you can quickly gauge the reliability of each pattern in your chosen market and timeframe.
Another significant advantage of this approach is its speed and efficiency. While more complex machine learning models like neural networks might require heavy computational resources and longer training times, the Naive Bayes classifier in this script is lightweight, instantaneous and can be updated on the fly with each new bar. This real-time capability is essential for modern traders who need to make quick decisions in fast-paced markets.
Furthermore, by automating the process of backtesting, the indicator frees up your time to focus on other aspects of trading strategy development. Instead of manually analyzing hundreds or even thousands of candles, you can rely on the statistical power of Naive Bayes to provide you with insights on which patterns are most likely to result in profitable moves. This not only enhances your efficiency but also helps to eliminate the cognitive biases that often plague manual analysis.
In summary, this indicator represents a fusion of traditional candlestick analysis with modern machine learning techniques. It harnesses the simplicity and effectiveness of Naive Bayes to deliver a dynamic, real-time evaluation of various candlestick patterns. Whether you are a seasoned trader looking to refine your technical analysis or a beginner eager to understand market dynamics, this tool offers a powerful, customizable, and efficient solution. Welcome to a new era where advanced statistical methods meet practical trading insights—happy trading and may your patterns always be in your favor!
Note : On this current released beta version, you must manually adjust reversal percentage move based on each market. Further updates may include automated best range detection and probability.
Optimized Dynamic SupertrendDetailed Explanation of the Optimized Dynamic Supertrend Script
This Supertrend script is designed to dynamically adapt to different market conditions using ATR expansion, volume confirmation, and trend filtering. Below is a step-by-step breakdown of how it works and its functions.
1 ATR-Based Supertrend Calculation
📌 Key Purpose:
The script calculates an adaptive ATR-based Supertrend line, which acts as a dynamic support or resistance level for trend direction.
📌 How it Works:
ATR (Average True Range) is used to measure market volatility.
A dynamic ATR multiplier is applied based on price standard deviation (instead of a fixed value).
The Supertrend is calculated as:
Upper Band: SMA(close, ATR length) + (ATR Multiplier * ATR Value)
Lower Band: SMA(close, ATR length) - (ATR Multiplier * ATR Value)
The Supertrend flips when price crosses and holds beyond the Supertrend line.
🔹 Dynamic Adjustment:
Instead of using a fixed ATR multiplier, the script adjusts it using:
pinescript
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dynamicFactor = ta.stdev(close, atrLength) / ta.sma(close, atrLength)
atrMultiplier = input(1.5, title="Base ATR Multiplier") * dynamicFactor
High volatility → Wider Supertrend bands (to avoid false signals).
Low volatility → Tighter Supertrend bands (for faster detection).
2 Trend Detection Logic
📌 Key Purpose:
Determines if the market is in a bullish or bearish trend based on price action.
Uses volume sensitivity and ATR expansion to reduce false signals.
📌 How it Works:
pinescript
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var float supertrend = na
supertrend := close > nz(supertrend , lowerBand) ? lowerBand : upperBand
The Supertrend value updates dynamically.
If price is above the Supertrend line, the trend is bullish (green).
If price is below the Supertrend line, the trend is bearish (red).
3 Volume Sensitivity Confirmation
📌 Key Purpose:
Avoid false trend flips by confirming with volume (approximated using a CVD proxy).
📌 How it Works:
pinescript
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priceChange = close - close
volumeWeightedTrend = priceChange * volume // Approximate CVD Behavior
trendConfirmed = volumeWeightedTrend > 0 ? close > supertrend : close < supertrend
Positive price change + High volume → Confirms bullish momentum.
Negative price change + High volume → Confirms bearish momentum.
If there’s low volume, the trend change is ignored to avoid false breakouts.
4 Noise Reduction (Final Trend Confirmation)
📌 Key Purpose:
Filter out weak or choppy price movements using ATR expansion.
📌 How it Works:
pinescript
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trendUp = trendConfirmed and ta.atr(atrLength) > ta.atr(atrLength)
trendDown = not trendUp
Trend only flips when confirmed by volume + ATR expansion.
If ATR is not expanding, the script ignores weak price movements.
This ensures Supertrend signals align with strong market moves.
5 Can This Be Used on All Timeframes?
✅ YES! This Supertrend is adaptive, meaning it adjusts dynamically based on:
Volatility: Uses ATR expansion to adjust for different market conditions.
Timeframe Sensitivity: Works on any timeframe (1M, 5M, 15M, 1H, 4H, 1D, 1W).
Market Structure: Confirms trend flips using volume & price movement strength.
🚀 Best Timeframes for Trading:
For Scalping (1M - 15M) → Quick execution, best with order flow confirmation.
For Swing Trading (1H - 4H - 1D) → Stronger trend signals, reduced noise.
For High Timeframes (3D - 1W) → Identifies major market shifts.
🔥 Advantages & Disadvantages in Your Trading Setup
✅ Advantages:
✔ Fully Dynamic & Adaptive → Adjusts to different timeframes & volatility.
✔ Reduces False Signals → Uses ATR expansion & volume confirmation.
✔ Precise Trend Reversals → Labels LONG & SHORT entries clearly.
✔ Works on Any Market → Crypto, Forex, Stocks, Commodities.
✔ No Extra Indicators → Pure Supertrend-based (fits your setup).
❌ Disadvantages:
⚠ Lagging Indicator → ATR & volume confirmation add slight delay.
⚠ Needs High Volume to Confirm → Weak volume → no trend flip.
⚠ Choppy Market = Late Entries → Sideways movement can cause delays.
🚀 Final Thoughts:
It’s fully dynamic & adaptive (unlike traditional static Supertrends).
No extra indicators → Uses only Supertrend logic
Refines entry points using volume & ATR confirmation (removes noise).
This ensures you get high-probability trend signals while filtering out weak breakouts! 🎯
Zero Lag Trend Signals (Improved with MACD)Fixed Buy/Sell Signals: Now clearly visible with "BUY" (Green) and "SELL" (Red) labels.
Improved Moving Line Colors: Adjusted to show trends better.
Added High Timeframe Confirmation: More accurate trend filtering.
Filtered Out Weak Signals: Using ATR & VWMA.
[EmreKb] MTF FTRDescription
Multi time frame version of "Failed to Return by EmreKb" indicator.
What is FTR?
There is no definitive, fixed perspective on FTR. Some sources may choose the FTR zone differently. I will use the single bearish candle in an uptrend (or the single bullish candle in a downtrend) as the FTR in this indicator.
Settings
Update Last: Number of how many boxes will be updated in the new candle
Timeframes: Presets for timeframe option
Use Custom: For use custom timeframes
Custom Timeframes: Text area for write custom timeframes without space and separate with comma.
Fibonacci Reversal FinderPurpose of the indicator
This indicator is designed to identify potential reversal points on a price chart using Fibonacci retracement levels combined with price action confirmation. It generates buy and sell signals based on retracement levels and price action patterns, providing entry points along with stop-loss (SL) and take-profit (TP) targets.
How It Works
1. Input Settings for Fibonacci Levels
The script allows the user to input Fibonacci retracement levels (default: 0.618 and 0.786).
These levels are extracted from a string and converted into an array for later calculations.
2. Convert String to Fibonacci Retracement Values
The script retrieves the two selected Fibonacci levels and ensures they are correctly converted to float values.
3. Detect Swing High and Swing Low
Identifies swing high and swing low over the past 20 bars.
These values serve as reference points for Fibonacci retracement calculations.
4. Calculate Fibonacci Retracement Levels
Computes retracement levels based on swing high/low and the selected Fibonacci ratios.
5. Price Action Confirmation (Optional)
The indicator checks for bullish engulfing and bearish engulfing candlestick patterns as an additional confirmation method.
6. Define Buy & Sell Conditions
Buy Signal: If price touches the Fibonacci support levels AND (optionally) a bullish engulfing pattern appears.
Sell Signal: If price reaches the Fibonacci resistance levels AND (optionally) a bearish engulfing pattern appears.
7. Calculate Stop-Loss (SL) and Take-Profit (TP)
SL (Stop Loss): For buy trades, the SL is set to the previous swing low; for sell trades, it's set to the previous swing high.
TP (Take Profit): Uses a 1:2 risk-reward ratio.
8. Improve Label Visibility
Adds an offset to move labels away from the candlestick, improving visibility.
9. Plot Buy/Sell Labels & Connecting Lines
Labels: Display buy/sell signals, entry price, SL, and TP.
Lines: Draw dotted connectors from the candlestick to the label for better clarity.
What This Indicator Can Do
✅ Identifies Reversal Points using Fibonacci retracements (0.618 & 0.786)
✅ Confirms Reversals with bullish/bearish engulfing candlestick patterns (optional)
✅ Plots Buy/Sell Labels with entry price, SL, and TP values
✅ Draws Lines connecting labels to the candlestick for visibility
✅ Uses a 1:2 Risk-Reward Ratio to determine Take-Profit levels
How to Use This Indicator
Add the Indicator to your TradingView chart.
Look for Buy/Sell Labels:
Buy when price retraces to Fibonacci support and a bullish engulfing pattern appears.
Sell when price retraces to Fibonacci resistance and a bearish engulfing pattern appears.
Use the Stop-Loss (SL) & Take-Profit (TP) from the label to manage your trade.
Combine with Other Indicators (e.g., RSI, MACD) for additional confirmation.
Multi Timeframe VWMA RibbonThis indicator is used to plot VWMA in multiple time frames on the same chart. You can also change the length and time frame of each as well.
Multi-timeframe Difference Forecast (MTD)Description:
The Multi-timeframe Difference Forecast indicator projects potential future price levels by comparing open prices across multiple timeframe pairs. It uses 12 predefined timeframe pairs where each pair consists of a lower and a higher timeframe. For each pair, the indicator calculates a forecast value by adding the difference between the lower timeframe’s open and the higher timeframe’s open to the current bar’s close. These forecast values are then plotted as points into the future and connected by blue line segments, forming a continuous projection line on your chart.
How It Works:
Timeframe Pairs:
The indicator defines 12 pairs. For example:
Pair 1: Lower timeframe = 15 minutes; Higher timeframe = 150 minutes
Pair 2: Lower timeframe = 30 minutes; Higher timeframe = 165 minutes
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Pair 12: Lower timeframe = 180 minutes; Higher timeframe = 720 minutes
Forecast Calculation:
For each pair, the forecast is computed as:
forecast = close + (lower timeframe open - higher timeframe open)
This produces a series of forecast values that are then plotted on the chart.
Time Offset:
Each forecast point is offset into the future by a number of bars calculated as the ratio between the lower timeframe’s duration (in seconds) and the current chart’s timeframe (in seconds). This adjustment helps align the forecast points correctly on the time axis.
Visualization:
The indicator draws blue lines (width = 2) connecting the current price to each forecast point sequentially, forming a polyline that visually represents the projected price trajectory.
How to Use:
Overlay on Chart:
Apply this indicator to any chart, and it will automatically overlay the forecast line on your current price chart.
Timeframe Flexibility:
The calculations adjust to the chart’s timeframe, so you can use it on various timeframes without needing to change the code.
Interpretation:
The forecast line is intended to provide a visual estimate of potential future price movement based on historical open price differences. It is meant to serve as an additional analytical tool rather than a standalone trading signal.
Disclaimer:
This script is provided for educational and informational purposes only and should not be construed as financial or trading advice. Trading involves significant risk, and past performance is not indicative of future results. You should perform your own analysis and consult with a qualified professional before making any trading decisions. Use this indicator at your own risk.
Grambos Final Countdown - 4 TimeframesA script that shows countdown timers for multiple time frames all in the same place. I edited the original by @SamRecio so that it only shows 4 time frames.
Default time frames are 4H, 1H, 15m, and 5m, and can be changed to any 4 you like.
Refined MACD Heikin Ashi Indicator v1.2 with ATR VisualsRefined MACD Heikin Ashi Indicator v1.2
Overview
This advanced MACD-based trading indicator integrates Heikin Ashi trend confirmation with MACD crossovers, enhanced by ATR-based stop-loss and take-profit levels. It provides buy and sell signals (triangles) derived from Heikin Ashi and MACD double confirmation, while ATR-based take-profit and stop-loss markers act as optional trade management tools.
🚀 Works on both regular and Heikin Ashi candles
🔹 Recommended for manual entries with LuxAlgo Smart Money Concepts – an exceptional supply & demand indicator for confluence trading.
Key Features
✅ Dual Confirmation System – Combines Heikin Ashi trend shifts & MACD crossovers for reliable entry/exit signals.
✅ Buy & Sell Triangles – Standalone signals based on HA & MACD confirmation for precise trade execution.
✅ ATR-Based Risk Management (Optional) –
Potential Take-Profit & Stop-Loss Levels calculated dynamically based on market volatility.
✅ Multi-Timeframe Adaptability – Works across all timeframes for strategic trading.
✅ Compatible with Regular Candles – The indicator processes Heikin Ashi values internally, allowing seamless use on any chart type.
✅ Great for Manual Trading – Best when used alongside LuxAlgo Smart Money Concepts for supply & demand confluence.
How It Works
🔹 MACD & Heikin Ashi Confirmation for Entries & Exits –
Bullish Entry (Buy Signal) – Green Triangle appears when both Heikin Ashi and MACD confirm an uptrend.
Bearish Exit (Sell Signal) – Red Triangle appears when Heikin Ashi and MACD confirm a downtrend.
🔹 ATR-Based Stop-Loss & Take-Profit (Optional) –
Red Dots – Suggested Stop-Loss levels based on ATR.
Green Dots – Suggested Take-Profit targets based on ATR.
🔹 No Need for Heikin Ashi Chart – The indicator calculates Heikin Ashi values internally, meaning it works on any chart type.
🔹 Enhanced Manual Trading – Combine with LuxAlgo Smart Money Concepts for precision trading.
Who is This For?
📌 Trend Traders – Identify high-probability trend reversals.
📌 Swing Traders – ATR-based targets help manage risk effectively.
📌 Multi-Timeframe Analysts – Works across different timeframes for better trade confirmation.
📌 Smart Money Traders – Use alongside LuxAlgo Smart Money Concepts for supply & demand insights.
How to Use
1️⃣ Add to Chart – Works on stocks, crypto, forex, and more.
2️⃣ Adjust Settings – Customize MACD lengths, ATR multipliers, and styling.
3️⃣ Follow Buy & Sell Triangles for Entries/Exits – These signals work independently based on Heikin Ashi & MACD double confirmation.
4️⃣ Use ATR-Based SL/TP as Optional Trade Management – The red and green dots can help plan potential exit points, but they are not required to follow the trade signals.
5️⃣ Optimize with Multi-Timeframe Analysis – Works best when viewed across different timeframes for confirmation.
6️⃣ Boost Accuracy – Combine with LuxAlgo Smart Money Concepts for refined entry/exit points based on institutional supply & demand zones.
Customization Options
MACD Fast Length (default: 10)
MACD Slow Length (default: 26)
MACD Signal Length (default: 9)
ATR Multiplier for Stop-Loss (default: 1.8)
ATR Multiplier for Take-Profit (default: 3)
Example Use Case:
Side by side on 4H and 15M charts, showing:
✅ Green & Red Triangles marking potential good buy/sell entries & exits.
✅ ATR-based Stop-Loss (Red Dots) and Take-Profit (Green Dots) acting as optional trade management tools.
✅ Supply & Demand Zones from LuxAlgo Smart Money Concepts providing high-probability manual trade setups.
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Forex SessionsThis indicator displays the main Forex trading sessions on your chart, highlighting the New York, London, Tokyo, and Sydney sessions with custom background colors. You can toggle the visibility of each session to suit your strategy. Perfect for traders looking to optimize their analysis and time their trades according to the market’s peak liquidity hours. Enhance your decision-making with this visual tool!
