Risk-On / Risk-Off MeterThe risk on/off meter helps you assess the market's overall risk sentiment.
Try using it on the VIX daily chart.
The calculation is based on the following values:
Risk-On Assets
spx dax nas100 copper oil audusd nzdusd btc audjpy
Risk-Off Assets
gold usdjpy usdchf vix us02y us10y us30y dxy
Below a calculated value of 25, Risk Of is displayed as being above a value of 65 Risk On. The neutral market phase is in between. The indicator is used purely as a market sentiment indicator and does not provide any trading recommendations.
Indikatoren und Strategien
Yield Curve 1.2Yield Curve is a macroeconomic analysis tool designed to visualize and interpret changes in the shape of government bond yield curves across major economies.
Use it in any 1H Chart
It tracks the difference between 10-year and 2-year government bond yields for key countries (e.g. US, EUR, JPY, AUD, GBP, etc.) and compares the current yield levels to their values recorded every Monday at 2:00 UTC. Based on this comparison, the indicator categorizes the yield curve movement into common market regimes such as:
Bull Flattener
Bear Steepener
Parallel Shift
and others.
Each regime gives insight into how markets are adjusting their expectations for future interest rates, economic growth, or central bank policy.
The indicator presents this analysis in a clear table format, showing:
Current and Monday yields
Yield changes (in basis points)
Yield spread (10Y - 2Y)
Detected regime type
A simplified grade and brief explanation for each case
Color coding is used throughout the table to help visually distinguish between steepening, flattening, and parallel shift scenarios.
BySq - Market PsychologyThe script I provided is a Market Psychology Index indicator for TradingView, which focuses on three key psychological market phases:
FOMO (Fear of Missing Out)
Panic Selling
Reversal
This indicator uses volume, price changes, and specific time periods to gauge market sentiment. Let me break it down:
1. Input Parameters:
FOMO Period: Defines how many bars (candles) the FOMO index will consider for its calculation.
Panic Period: Defines the period to evaluate Panic Selling.
Reversal Period: Defines the period to evaluate potential price reversals.
You can adjust these periods based on your analysis preferences. The default for each period is 14.
2. FOMO Index:
The FOMO Index aims to capture the "fear of missing out" behavior in the market.
It uses volume and price change:
Volume is compared to the Simple Moving Average (SMA) of volume over the specified period.
Price change is calculated as the percentage change in price compared to the previous bar.
If both volume and price change indicate strong upward movement, the FOMO index spikes.
3. Panic Selling Index:
The Panic Selling Index captures when traders are selling out of fear, often in a rapid or irrational way.
Similar to the FOMO Index, it considers volume and price change:
It uses volume and compares it to the SMA of volume for the panic period.
Price change is negative, meaning it considers only price drops.
When there is high volume coupled with significant price drops, it signals panic selling.
4. Reversal Index:
The Reversal Index aims to detect potential trend reversals in the market.
This index also considers volume and price change:
It focuses on upward price movement and compares volume to its SMA.
If there’s strong upward price movement along with increasing volume, it signals the possibility of a price reversal.
5. Graphical Output:
Histograms are drawn on the chart for each of the three indices:
FOMO is shown in green (indicating the presence of FOMO) and red (when the index is low).
Panic Selling is shown in orange.
Reversal is shown in purple.
The Zero Line (horizontal dotted line) helps identify when any of the indices is positive or negative.
6. Labels:
Labels for each index are shown on the chart at the relevant bar when the index spikes.
FOMO is labeled "FOMO" in green when it spikes.
Panic Selling is labeled "Panic Selling" in orange when it spikes.
Reversal is labeled "Reversal" in purple when it spikes.
Additionally, period labels show above the chart, indicating the specific periods (FOMO, Panic, and Reversal periods) currently being applied. This provides clarity on what time frame each index is analyzing.
7. How to Use:
FOMO: High values may indicate that traders are buying out of fear of missing out on a rally, suggesting a potentially overheated market.
Panic Selling: High values could suggest irrational selling behavior or capitulation, potentially marking the bottom of a downtrend.
Reversal: High values signal the potential for a market reversal, where the price could change direction due to increased volume and upward movement.
8. Visual Appearance:
The indicator’s histograms change colors based on the level of market sentiment detected. The color-coded approach provides an easy-to-read visual representation of different psychological phases in the market.
The horizontal zero line allows easy differentiation between positive and negative values.
Summary:
This script combines the psychology of the market (FOMO, Panic Selling, and Reversal) into a set of indicators that help traders identify potential turning points or emotional states in the market. By focusing on volume and price change, the script attempts to give a clear picture of market sentiment and possible future movements.
Size CalculatorOverview:
Size Calculator is a risk management tool that helps traders position themselves intelligently by calculating optimal position size, stop loss, and take profit levels based on account capital, ATR volatility, and personal risk tolerance. It takes the guesswork out of sizing so you can focus on execution.
Features:
✅ Risk-based position sizing
✅ ATR-based stop loss & take profit levels
✅ Dynamic leverage estimation
✅ Support for long and short positions
✅ Visual display of key levels and metrics via table
✅ Works across any timeframe with locked timeframe support
How It Works:
This tool computes the ideal position size as a % of account capital based on how much you're willing to risk per trade and how far your stop loss is (in ATR units). It calculates corresponding stop loss and take profit prices, and visually plots them along with a floating table of metrics. You can lock the timeframe used for ATR and price, keeping your risk logic stable even when changing chart views.
Customizable Inputs:
Account capital and risk tolerance
ATR-based stop loss & take profit multiples
Trade direction (Long or Short)
ATR period and locked timeframe
Optional detailed metrics display
Momentum OSCOverview:
Momentum OSC is a dual-layered momentum oscillator that blends multi-timeframe momentum readings with moving average crossovers for deeper insight into trend acceleration and exhaustion. Perfect for confirming trend strength or spotting early shifts in momentum.
Features:
✅ Two separate momentum streams with customizable timeframes
✅ Smoothing via moving averages for both momenta
✅ Cross-timeframe momentum structure for confirmation and divergence
✅ Color-coded areas for intuitive visual interpretation
✅ Optional crossover markers to signal bullish/bearish momentum shifts
How It Works:
The script calculates two momentum values by comparing current price sources against lagged values across separate timeframes. Each is smoothed with a moving average to filter noise. The difference between momentum and its moving average forms a core component of trend strength confirmation. Optional visual circles mark bullish or bearish crossovers.
Customizable Inputs:
Timeframes, sources, lengths, and MA periods for both momentum streams
Toggle to display momentum cross signals (circles)
Works on any asset or timeframe
EMA Swing Strategy (No Patterns)// DESCRIPTION:
// This EMA Swing Strategy is built for short-term swing trades (2-3 days holding period) in volatile markets.
// It uses EMA 5, 10, 20, and 100 to identify momentum and trend alignment without relying on patterns, wicks, or pullbacks.
// The strategy looks for price crossing and holding above/below EMA 10 & 20 for mean reversion entries, with EMA 100 as a trend filter.
// Optional MACD histogram and ATR volatility filters can be toggled on or off for cleaner entries.
// Alerts are included for BUY/SELL signals, and the strategy is designed for high-speed, clean mechanical execution.
// Ideal for traders adapting to modern, fast-moving price action who prefer systemized logic over traditional chart reading.
Dual SupertrendOverview:
The Dual Supertrend indicator enhances the classic Supertrend strategy by layering two customizable Supertrend signals with independent ATR settings. This setup gives you a deeper, more nuanced read on trend strength and potential entry zones.
Features:
✅ Two Supertrend lines (each with adjustable ATR periods and multipliers)
✅ Optional Heikin Ashi candle smoothing for noise reduction
✅ Color-coded trend background for fast visual analysis
✅ Multi-timeframe trend table overlay (customizable)
✅ Built-in signal logic to identify "Long", "Short", or "N/A" zones
How It Works:
The script calculates two Supertrend levels using separate ATR settings. Trend direction is derived from the relationship between price and each band. When the larger (slower) Supertrend flips and the smaller (faster) confirms, it signals a potential entry. The multi-timeframe table helps you align trades across different timeframes.
Customizable Inputs:
ATR Periods & Multipliers for both Supertrends
Timeframes for entry zone detection (up to 4)
Enable/disable Heikin Ashi candles for smoother trend detection
Reversal Pattern DetectorIdentifies order block and imbalance and gives an indication of increase or decrease in each time frame
Ichimoku Multi KumoAww I love that vibe 😄
Here’s a cozy English version of what you just said:
This code blends Ichimoku, Bollinger Bands, and EMAs—
a little secret magic that helps me enter and exit the market at just the right moments.
And honestly… it makes trading so fun. 😌✨
RR Trail MA-Osc Strategy (entry-based TP/SL)RR Trail MA-Osc Strategy (Invite-Only | With Moving Average Shift Oscillator)
Overview
The RR Trail MA-Osc Strategy is an invite-only premium trading system that combines trend-following entry logic with a three-layered exit mechanism: fixed TP/SL, trailing stop, and divergence-based exit using a custom Moving Average Shift oscillator.
It eliminates discretion and enforces consistent, rule-based execution.
Key Features
Entry-based fixed TP/SL calculated from recent highs/lows (structural exits)
Dynamic trailing stop updated from highest/lowest price since entry
Divergence exit triggered when MA and oscillator indicate opposing directions
Long-term trend confirmation using 200-period EMA
Modular structure ideal for customization and integration
About the Moving Average Shift Oscillator
This custom oscillator normalizes the distance between price and a selected moving average, then smooths it using HMA.
Intuitively reflects trend strength and direction
Oscillates around the zero line
Used for both entry filters and divergence-based exits
Entry Logic
Long Entry Conditions
Price is above the selected short-term MA
Moving Average Shift Oscillator is above 0 and rising
200 EMA is trending upward
Short Entry Conditions
Price is below the selected short-term MA
Moving Average Shift Oscillator is below 0 and falling
200 EMA is trending downward
Exit Conditions
Fixed TP or SL is hit
Trailing stop is triggered
Divergence between oscillator and MA
Risk Management & Backtest Info
Pair: ETH/USD
Timeframe: 4H
Starting Capital: $3,000
Risk per trade: 2% (fully configurable)
Commission: 0.02%, Slippage: 2 pips
Total Trades: 651 (as of April 2025 backtest)
Customizable Parameters
MA types: SMA, EMA, SMMA, WMA, VWMA
RR ratio: Adjustable from 1.0 to 2.0+
Trailing stop range: % based
Lookback window for recent high/low (TP/SL reference)
Inspiration & Development Notes
This strategy was inspired by the concept of “Moving Average Shift” popularized by ChartPrime.
However, no original code was reused . The logic is independently developed and extended with features such as multi-layered exit control, divergence logic, and entry-based price tracking for automated TP/SL management.
Disclaimer
This script is for educational and research purposes only. It does not constitute financial advice.
Always backtest and optimize parameters according to your personal risk tolerance and trading environment before applying in live markets.
S15-5&30This serves as an indicator that can easily see the intervals of 5 minutes and 30 minutes, on a 15 second chart for ES futures
only real trading hours
you can customize colors and dashed / solid for the vertical lines
20 EMA signals20 Ema signals - you can use these signals on 5 min timeframe for intraday trading in nifty and banknifty
30-1-BlockBe able to easily and visually see on the 1 minute chart, every time a 30 minute internal has started and ended. allowing to remind yourself on the 1 minute chart, whenever a new 30 minute candlestick is closing and opening. Goes back for the last 20 days on the 1 minute chart and you can choose the color of the vertical lines that separate each 30 minute interval
12/21 Cross: Enhanced - Multi EMATL;DR Functionality
“12/21 Cross: Enhanced – Multi EMA” plots 2 core EMAs (12 & 21) plus up to 5 optional long-term EMAs (50, 100, 200, 300, 365).
It shows trend direction with color-coded EMAs (green = uptrend, red = downtrend) and draws arrows when the 12/21 EMAs cross.
All EMAs support custom lengths, colors, and line widths.
✅ Clean crossover signals
✅ Multi-EMA visual stack
✅ Fully customizable
Multitimeframe MA: MAs im aktuellen TF + M15This indicator displays the key moving averages (MAs) from both the current timeframe and the 15-minute chart (M15) directly within the active chart—perfect for traders who rely on multi-timeframe analysis.
🔍 Features:
EMA 20 (yellow) – fast average from the current timeframe
SMA 50 (red) – medium-term average from the current timeframe
SMA 100 (green) – longer-term average from the current timeframe
SMA 200 (blue) – key trend filter from the current timeframe
🕓 M15 SMA Lines (thinner, lighter colors):
SMA 50, 100, 200 from the 15-minute timeframe are shown as dotted lines, regardless of the active chart’s timeframe.
Helps identify important support/resistance zones and overall trend direction based on higher-timeframe structure.
Magic signal Magic Signal is a comprehensive, all-in-one technical analysis toolkit designed for serious traders seeking clarity in market trends, strategic entry points, and defined risk management levels. This custom Pine Script indicator combines multiple proven methodologies to deliver actionable insights across different market conditions.
Key Features:
1. Trend Detection:
Utilizes a simple moving average crossover strategy to identify potential uptrends and downtrends.
Dynamic background coloring highlights the prevailing trend direction for visual clarity.
2. Entry & Exit Signal Zones:
Automatically plots suggested Entry, Stop Loss, and Take Profit 1 & 2 levels based on customizable ATR multipliers.
Visual aids (lines, labels, and filled zones) assist traders in quickly identifying optimal trade setups.
3. Risk Management:
Risk levels are clearly defined using Average True Range (ATR) to calculate volatility-adjusted stop losses and profit targets.
4. Multi-Timeframe Cloud Filter:
EMA-based cloud layers help filter out noise and identify confluences across short, medium, and long periods.
Provides visual structure to understand price dynamics more effectively.
5. Standard Deviation (SD) Bands:
Upper and Lower SD zones serve as potential reversal or breakout levels based on price volatility.
6. RSI Dashboard:
Relative Strength Index with real-time visualization of RSI levels, overbought/oversold zones, and current momentum.
Compact RSI table positioned in the top-right for quick reference.
7. Dynamic Fibonacci Levels:
Automatically detects recent swing highs and lows to plot relevant Fibonacci retracement levels for added confluence.
8. Intuitive UI:
Color-coded labels and table visuals enhance readability.
No repainting logic ensures real-time reliability and consistency in signals.
---
Disclaimer:
This script is intended for educational and informational purposes only. It does not constitute financial advice or guarantee profitability. Always do your own research and risk analysis before entering any trade. Past performance is not indicative of future results.
---
Important Note:
This is an invite-only indicator. Access is granted at the discretion of the author. Unauthorized redistribution or reselling is strictly prohibited.
Quick Futures Scalperai algorithms have concocted this script for quick futures trading pair this with my main futures buy sell indicator chart for maximum charitability. cross compatible to different charts.
FiFTO CPR Pivot Buster with Qty CalcIndicator Title and Structure:
Combined the titles into "FiFTO & Burst Power Combined" with a short title "FiFTO + Burst" for clarity.
Organized inputs into distinct groups ("FiFTO Pivot Settings", "FiFTO Calculations & Table", "Burst Power Settings", "Burst Power Table") to separate functionalities in the settings panel.
Variable Naming:
Prefixed FiFTO-specific variables (e.g., tableFifto, bgColorFifto) and Burst Power variables (e.g., tableBurst, BGColorBurst) to avoid naming conflicts.
Kept all original variable names within each section to preserve logic.
Table Management:
Both scripts use tables, so I retained separate tables (tableFifto and tableBurst) to avoid merging data that serves different purposes.
Users can position each table independently using their respective position inputs (tablePosFifto for FiFTO, tableposY + "_" + tableposX for Burst Power).
To prevent overlap, ensure you select different positions for each table in the settings (e.g., "Top Right" for FiFTO and "Middle Right" for Burst Power).
Plotting:
All FiFTO plots (pivots, SL, targets, high, close) and Burst Power plots (markers for 5%, 10%, 19% moves) are preserved.
The Burst Power score plot remains hidden (display=display.none) as in the original.
Calculations:
FiFTO calculations (pivots, SL, quantity, targets) and Burst Power calculations (move counts, power value) are kept independent, as they serve different analytical purposes.
The Burst Power script requires a daily timeframe for its table, which is enforced with a warning message, while FiFTO operates on any timeframe.
Input Settings:
All input options from both scripts are included, with groups to improve usability.
Burst Power’s table size and font size options are fully functional, and FiFTO’s theme and row toggles are unchanged.
Compatibility:
Ensured no function or variable overlaps by isolating scopes.
Both scripts use request.security and timeframe-based logic, but they don’t interfere since FiFTO uses a user-selected timeframe (tfOption), while Burst Power focuses on daily data.
Usage Notes
Timeframe: The FiFTO section works on any timeframe selected via tfOption, but the Burst Power table requires a daily timeframe to display properly. If you’re not on a daily timeframe, the Burst Power table will show a warning.
Table Positioning: To avoid visual clutter, adjust the table positions in the settings. For example, place the FiFTO table at "Top Right" and the Burst Power table at "Bottom Right".
Customization: All original customization options (e.g., showing/hiding pivots, SL/targets, table rows, lookback periods, display modes) are available.
Performance: The script is optimized, but displaying many pivots and tables may increase load on lower-end devices. Toggle off unnecessary plots or tables if needed.
Testing
Apply the script to a chart in TradingView.
Verify that FiFTO’s pivots, SL, targets, and table appear as expected on your chosen timeframe.
Switch to a daily timeframe to ensure the Burst Power table displays move counts and the power value correctly.
Check that plot markers (e.g., circles for 5%, 10%, 19% moves) appear above bars where applicable.
First & Second FVG After 9:30am EST***What This Script Does
This TradingView script is called “First & Second FVG After 9:30am EST”. It automatically finds and displays Fair Value Gaps (FVGs) that form after the New York Stock Exchange opens at 9:30am EST.
It shows:
The first and second FVGs that appear each day after 9:30am
A colored box over the gap area
Optional labels and alerts when price re-enters that FVG
***What Is a Fair Value Gap (FVG)?
In ICT (Inner Circle Trader) concepts, an FVG is an imbalance between buyers and sellers, seen when a candle “jumps” and leaves a price gap.
The logic:
Bullish FVG = price jumps up so fast that no candles fully filled the previous low
Bearish FVG = price drops and skips prices
These gaps are often revisited — and traders use them to anticipate entry points or reversals.
Why and How to Use This Script
✅ Use It To 🔍 How It Helps
Find institutional price imbalances / Automatically detects 2 key FVGs daily
Confirm entries Look for price returning to the gap zone for a trade opportunity
Avoid noise / Focuses only on key time after NY open
Improve confluence / Highlights FVGs that align with Order Blocks (OBs)
Get alerts Be notified when price revisits the gap
MirPapa: Signal : MACD 일목균형표
This is a signal indicator that applies the Ichimoku Kinko Hyo to MACD.
Even if a signal is generated, please do not trade immediately and check it carefully.
I hope this was helpful.
== Buy signal
- 1st buy: Start point of rise
- 2nd buy: Confirmation point of rise
- 3rd buy: Successful rise point
- Selected section: Section where additional rise and decline are possible (section where sudden rise and sudden fall are possible)
== Sell signal
- 1st sell: Start point of decline
- 2nd sell: Confirmation point of decline
- 3rd sell: Successful decline point
- Selected section: Section where additional decline and rise are possible (section where sudden fall and sudden fall are possible)
Hyperion Crypto Matrix: Ultimate Market Sentinel
// 🔰 HYPERION CRYPTO MATRIX: ULTIMATE MARKET SENTINEL
// ─────────────────────────────────────────────────────────────────────────────
/*
The **Hyperion Crypto Matrix** is an advanced crypto trend-following strategy built from the ground up for precision, not just performance. Unlike traditional “mashups” of indicators, this system was **engineered around synergy**—each module is purpose-driven and non-redundant, delivering fast, filtered, high-probability signals in volatile crypto markets.
─────────────────────────────────────────────────────────────
📌 STRATEGY PURPOSE
─────────────────────────────────────────────────────────────
Hyperion is built for **1-hour crypto trading** and optimizes for:
- High Win Rate
- Early Exits on Trend Weakness
- Partial Position Scaling (TP1/TP2)
- Real-time trade performance tracking
It is ideal for traders who want **real-time trade logic** with:
- No repainting
- No overfitting
- Realistic entry/exit structure
- No same-bar entry & exit (enforces 1-bar delay)
─────────────────────────────────────────────────────────────
🧠 WHAT MAKES IT ORIGINAL
─────────────────────────────────────────────────────────────
Each component is **custom-integrated** with strict role separation:
- **Trend Direction:** Enhanced Wave Oscillator (EWO) with adaptive band filtering
- **Trend Strength Memory:** Relative Momentum Index (RMI) with threshold locking
- **Volume Confirmation:** Historical relative volume spike filter using SMA multiplier
- **Momentum Weakness Exit:** Combined ROC and CCI to detect early reversal before price turns
- **Position Tracking:** TP1 (50% exit), TP2 (100% close) with cooldown to prevent whipsaws
- **Dynamic Dashboard:** Real-time stats including win rate, PnL efficiency, and TP hit status
These aren’t just “plugged in” indicators—they are synchronized to **filter, confirm, and adapt** to price action with timing logic that prevents premature entries or late exits.
─────────────────────────────────────────────────────────────
📊 INDICATOR LOGIC OVERVIEW
─────────────────────────────────────────────────────────────
1. **📈 Enhanced Wave Oscillator (EWO):**
- Calculates the delta between a fast and slow EMA (5 vs. 34 by default)
- Uses a dynamic banding system to detect peaks/troughs and prevent entries during exhaustion
- Filters only active, accelerating trends — reducing false positives
2. **🧠 Relative Momentum Index (RMI):**
- Similar to RSI but with a forward-looking momentum comparison
- Confirms trend *persistence* over time, preventing entries on short-term flips
- Long entries only allowed when RMI > threshold (default 55), short if RMI < 45
3. **🔊 Volume Spike Filter:**
- Uses 20-bar SMA of volume and a multiplier (1.5x default) to detect **relative volume breakouts**
- Prevents trades in low-liquidity environments (e.g., chop, overnight sessions)
4. **📉 Weak Trend Close Logic:**
- Combines Rate of Change (ROC) and Commodity Channel Index (CCI)
- Detects early signs of momentum deterioration, often before the trend visually reverses
- Triggers exit before price falls into sideways zones
5. **🎯 Take Profit System (TP1/TP2):**
- TP1: 50% position closed at +2% (default)
- TP2: Full close at +4% (default)
- Uses `strategy.exit()` with limit orders based on entry price
6. **⏱️ Reentry Cooldown:**
- After TP2 or weak trend exit, system enforces a 1-bar delay before reentry
- Avoids frequent churn in flat or noisy environments
7. **📋 Real-Time Dashboard (Optional):**
- Displays live trade status, PnL metrics, TP1/TP2 hit status, bars since entry, win rate %, and profit factor
- Color-coded background to highlight active trade direction (green for long, red for short)
─────────────────────────────────────────────────────────────
⚙️ HOW TO USE
─────────────────────────────────────────────────────────────
1. Load on a 1H chart of a crypto asset with good liquidity (e.g., BTC, ETH, LINK)
2. Toggle between \"Long Only\", \"Short Only\", or \"Both\" in the settings
3. Use default TP1/TP2 percentages, or tune them for the asset’s volatility
4. Observe trade execution and live stats on the optional dashboard
5. Review the bar coloring for EWO trend bias confirmation
> Stop-loss logic is not included. This strategy assumes exits occur at TP2 or on trend/momentum failure.
─────────────────────────────────────────────────────────────
⚖️ TRADINGVIEW COMPLIANCE & USAGE DISCLAIMER
─────────────────────────────────────────────────────────────
This strategy does **not repaint**, is fully compatible with **TradingView backtesting**, and adheres to all known Pine Script execution rules.
⚠️ **Disclaimer:** This script is for educational purposes only and does not constitute financial advice. Trading cryptocurrencies involves significant risk. Always test strategies on a demo account and consult with a financial advisor before live trading.
─────────────────────────────────────────────────────────────
🧪 CONCLUSION
─────────────────────────────────────────────────────────────
The **Hyperion Crypto Matrix** is not a mashup—it’s a **modular, optimized, logic-driven system** crafted for real-world crypto trading. Every component has been tuned for function, not fluff. Whether you're backtesting or live trading, this system is designed to give you **structured, actionable edge** with live feedback every step of the way.
*/
Dirty Market IndexThis indicator is designed to out an index displaying the level of dirtiness in market.
This level is defined by:
Sum of shadow lengths of last n candles (n is input and user can change it, it's 100 by default)
divided by
Sum of full candle bodies of last n candles (high - low)
This factor indicates how many percents of the market movement has been placed in shadows of candles, the higher this number, the dirtier market would be.
Dhokiya's Research Analyst - Chetan DhokiyaDescription of "Dhokiya's Research Analyst - Chetan Dhokiya"
Overview: The "Dhokiya's Research Analyst" script is designed for traders who want to identify key price levels based on the first 5-minute candle of the trading day. This script operates within the Indian stock market's trading hours, specifically from 9:15 AM to 3:25 PM. It calculates and visualizes upper and lower price levels derived from the closing price of the first 5-minute candle, providing traders with potential support and resistance levels for the day.
Key Features:
Market Timing: The script is programmed to recognize the market's opening and closing times, ensuring that it only operates during active trading hours.
First 5-Minute Candle Identification: The script identifies the first 5-minute candle of the trading day, which is crucial for setting the day's initial price levels.
Dynamic Level Calculation: It calculates two key levels based on the closing price of the first 5-minute candle:
Upper Level: Set at 0.09% above the closing price of the first candle.
Lower Level: Set at 0.09% below the closing price of the first candle.
Visual Representation: The script draws horizontal lines on the chart to represent the upper and lower levels, allowing traders to easily visualize these critical price points. The upper level is indicated with a green line, while the lower level is shown with a red line.
Line Extension: The lines are dynamically extended throughout the trading day until the market closes at 3:25 PM, providing continuous reference points for traders.
How to Use:
Setup: Add the script to your trading platform during the market hours. Ensure that you are viewing a 5-minute chart for optimal results.
Trading Strategy: Use the upper and lower levels as potential entry and exit points. Traders may consider buying near the lower level and selling near the upper level, depending on market conditions and additional analysis.
Risk Management: Always incorporate risk management strategies when trading around these levels, as price action can be volatile.
Underlying Concepts:
The script leverages the concept of the first candle's price action to establish a framework for the day's trading. The rationale is that the initial price movement can set the tone for the rest of the trading day.
By calculating levels slightly above and below the first candle's close, the script aims to capture potential breakout and reversal points, which are critical for day trading strategies.
Conclusion: "Dhokiya's Research Analyst" is a valuable tool for traders looking to enhance their intraday trading strategies. By focusing on the first 5-minute candle and establishing key price levels, this script provides a structured approach to navigating the market's daily fluctuations. Traders are encouraged to combine these levels with other technical analysis tools and indicators for a comprehensive trading strategy.
0.09 Version Strategy Indicator by Dhokiya's Research Analyst
Mobile - 7575065656
Website - dhokiyas.com/
Email - care@dhokiyas.com
EMA & MA Crossover StrategyGuys, you asked, we did. Strategy for crossing moving averages .
The Moving Average Crossover trading strategy is possibly the most popular
trading strategy in the world of trading. First of them were written in the
middle of XX century, when commodities trading strategies became popular.
This strategy is a good example of so-called traditional strategies.
Traditional strategies are always long or short. That means they are never
out of the market. The concept of having a strategy that is always long or
short may be scary, particularly in today’s market where you don’t know what
is going to happen as far as risk on any one market. But a lot of traders
believe that the concept is still valid, especially for those of traders who
do their own research or their own discretionary trading.
This version uses crossover of moving average and its exponential moving average.
Strategy parameters:
Take Profit % - when it receives the opposite signal
Stop Loss % - when it receives the opposite signal
Current Backtest:
Account: 1000$
Trading size: 0.01
Commission: 0.05%
WARNING:
- For purpose educate only
- This script to change bars colors.