Engulfing Reversal Market PhaseStay at the right side of the market.
This indicator detects bullish and bearish phase in the market based on recent reversal.
It is designed to help filter your trades.
Open only long trades if indicator shows green and open only short trades when indicator shows red.
This indicator will detect bullish and bearish engulfing reversal pattern on the chart.
Bullish engulfing occurs when current candle closes below the bars that created the high.
Bearish engulfing occurs when current candle closes below the bars that created the high.
The reversal pattern occurs not only on a trend change, but can be also be present as a trend continuation pattern or a breakout pattern.
The indicator is able to detect 3 candle patterns and multi candle patterns if detects inside bars in the pattern.
In den Scripts nach "chart" suchen
Flat Tops/Bottoms aka Devil's MarkThis Pine script indicator is designed to visually depict price inefficiencies, as identified by Flat Top/Bottom Candles (aka Devil's Mark). A Flat Top/Bottom Candle is a scenario where there is an absence of a wick at the top or the bottom of the candle. These represent zones of inefficiency and will frequently act as magnets for price that the market will strive to rebalance in accordance with ICT principles.
Relevance:
Flat Top/Bottom Candles are zones where price delivery didn't provide opportunity for manipulation representing an inefficiency that the market will seek to rebalance. Consequently, these zones can provide good targets for entries in the opposite direction or take profit targets for previous entries in the direction of the Flat Top/Bottom Candle.
How It Works:
The indicator keeps track of all Flat Top/Bottom Candles from the beginning of the available history. It automatically removes all mitigated Flat Top/Bottom Candles, which are situations where the price has gone past the candle without a wick.
Configurability:
You can configure the colors, style & width of the lines used to represent flat top/bottom candles.
What makes this indicator different:
Designed with high performance in mind, to reduce impact on chart render time.
Only keeping the currently valid flat top/bottoms on the chart.
ZERO LAG TRADE SIGNALS by BootcampZeroThe ZERO LAG TRADE SIGNALS by BootcampZero indicator is a versatile tool designed to help traders identify optimal entry and exit points for both short-term scalping and long-term trading across multiple time frames. It combines several well-known technical analysis methods, including moving averages, trend analysis, directional indicators, and adaptive trend calculations, to deliver reliable buy and sell signals.
Short-Term Scalping (Under 5-Minute Time Frames)
For short-term traders who prefer quick trades on lower time frames, such as under 5 minutes, this indicator uses a combination of the EMA (Exponential Moving Average) and SMA (Simple Moving Average) to spot fast trend reversals. The indicator is particularly useful for scalpers because it focuses on detecting short-term price momentum by comparing the faster-moving averages with slower ones, triggering signals based on their crossover.
Buy Signals are generated when a fast-moving EMA crosses above a slower-moving SMA, indicating upward momentum.
Sell Signals are triggered when the fast-moving EMA crosses below the slower-moving SMA, signaling potential downward price movement.
In addition, the Adaptive Trend Finder feature dynamically adjusts to recent price deviations and volatility, making it easier for scalpers to spot the prevailing short-term trend with high confidence. The indicator also uses ADX (Average Directional Index) for momentum confirmation, ensuring that signals are only generated during strong price trends, reducing false positives in sideways markets.
Long-Term Trading (Above 1-Day Charts)
When applied to higher time frames such as daily charts or above, this indicator excels in generating reliable long-term buy and sell signals, perfect for swing traders and long-term investors. The Kaufman Adaptive Moving Average (KAMA) and the Ichimoku Cloud are used to assess long-term trends by filtering out market noise and focusing on sustainable price direction.
KAMA helps to adapt the moving average based on market volatility, providing smoother signals that minimize whipsawing in longer-term trades.
Ichimoku Cloud provides additional trend confirmation by identifying whether the market is bullish or bearish based on the relationship between key lines like the Tenkan-Sen (Conversion Line) and Kijun-Sen (Base Line), and how the current price interacts with the Ichimoku Cloud itself.
The indicator also integrates PPO (Percentage Price Oscillator) to capture divergences between price and momentum, further supporting traders in holding positions for extended periods when the signal strength is robust.
Key Technical Values and Factors for Signals
EMA and SMA Crossover: Fast EMA vs. Slow SMA to detect short-term trend reversals.
ADX: Helps gauge the strength of the trend; signals are only generated in trending markets.
KAMA: Filters noise in long-term trends, providing smooth signals based on market volatility.
Ichimoku Cloud: Offers insight into long-term trends and momentum by analyzing price relative to the cloud.
PPO: Detects divergences between price and momentum for trend continuation or reversal signals.
How It Works
Buy signals are generated when bullish conditions are met, and the indicator confirms momentum with ADX, crossover of the EMAs, or a bullish breakout from the Ichimoku Cloud.
Sell signals are triggered when bearish conditions prevail, confirmed by the same factors in reverse, such as a bearish EMA crossover or weakness in ADX.
By combining these powerful tools, ZERO LAG TRADE SIGNALS by BootcampZero offers traders a comprehensive system for both quick scalping trades and more conservative long-term positioning, providing reliable and adaptive signals across different market conditions.
ICT Judas Swing | Flux Charts💎 GENERAL OVERVIEW
Introducing our new ICT Judas Swing Indicator! This indicator is built around the ICT's "Judas Swing" strategy. The strategy looks for a liquidity grab around NY 9:30 session and a Fair Value Gap for entry confirmation. For more information about the process, check the "HOW DOES IT WORK" section.
Features of the new ICT Judas Swing :
Implementation of ICT's Judas Swing Strategy
2 Different TP / SL Methods
Customizable Execution Settings
Customizable Backtesting Dashboard
Alerts for Buy, Sell, TP & SL Signals
📌 HOW DOES IT WORK ?
The strategy begins by identifying the New York session from 9:30 to 9:45 and marking recent liquidity zones. These liquidity zones are determined by locating high and low pivot points: buyside liquidity zones are identified using high pivots that haven't been invalidated, while sellside liquidity zones are found using low pivots. A break of either buyside or sellside liquidity must occur during the 9:30-9:45 session, which is interpreted as a liquidity grab by smart money. The strategy assumes that after this liquidity grab, the price will reverse and move in the opposite direction. For entry confirmation, a fair value gap (FVG) in the opposite direction of the liquidity grab is required. A buyside liquidity grab calls for a bearish FVG, while a sellside grab requires a bullish FVG. Based on the type of FVG—bullish for buys and bearish for sells—the indicator will then generate a Buy or Sell signal.
After the Buy or Sell signal, the indicator immediately draws the take-profit (TP) and stop-loss (SL) targets. The indicator has three different TP & SL modes, explained in the "Settings" section of this write-up.
You can set up alerts for entry and TP & SL signals, and also check the current performance of the indicator and adjust the settings accordingly to the current ticker using the backtesting dashboard.
🚩 UNIQUENESS
This indicator is an all-in-one suit for the ICT's Judas Swing concept. It's capable of plotting the strategy, giving signals, a backtesting dashboard and alerts feature. Different and customizable algorithm modes will help the trader fine-tune the indicator for the asset they are currently trading. Three different TP / SL modes are available to suit your needs. The backtesting dashboard allows you to see how your settings perform in the current ticker. You can also set up alerts to get informed when the strategy is executable for different tickers.
⚙️ SETTINGS
1. General Configuration
Swing Length -> The swing length for pivot detection. Higher settings will result in
FVG Detection Sensitivity -> You may select between Low, Normal, High or Extreme FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs.
2. TP / SL
TP / SL Method ->
a) Dynamic: The TP / SL zones will be auto-determined by the algorithm based on the Average True Range (ATR) of the current ticker.
b) Fixed : You can adjust the exact TP / SL ratios from the settings below.
Dynamic Risk -> The risk you're willing to take if "Dynamic" TP / SL Method is selected. Higher risk usually means a better winrate at the cost of losing more if the strategy fails. This setting is has a crucial effect on the performance of the indicator, as different tickers may have different volatility so the indicator may have increased performance when this setting is correctly adjusted.
Fibonacci Levels with StatsPrimary Usage:
Drawing Fibonacci Retracements
Based on the past highs and lows, Fibonacci retracement levels (23.6%, 38.2%, 50%, 61.8%, 78.6%) are calculated and displayed on the chart. The Fibonacci levels are different for positive and negative lines, respectively.
Statistical Counting Function
Records the number of times each Fibonacci level is exceeded and tracks how often price reaches that level. This data can be useful for future price forecasting.
Cueing Symbols by Pattern Matching
Symbols are added to the queue when each Fibonacci level is exceeded. Depending on whether the price is positive or negative, different symbols (1, 2, 3, etc.) are assigned, which are used to predict the next move.
Change background color
Based on the number of times the price exceeds the Fibonacci level, the background color will change to green or red. The intensity of the color changes according to the number of consecutive times the price has exceeded the Fibonacci level.
Cue Size Limitations
Past symbols are added to the queue, but a size limit is set and old symbols are deleted when the queue exceeds a certain size.
Prediction Logic
Pattern matching is used to predict the next symbol based on patterns of past symbols.
HTF Inversion Fair Value Gap | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Higher Timeframe Inversion Fair Value Gaps (IFVG) indicator! Inversion Fair Value Gaps occur when a Fair Value Gap becomes invalidated. They reverse the role of the original Fair Value Gap, making a bullish zone bearish and vice versa. This indicator finds the latest IFVG in a higher timeframe and renders it in the current chart with it's divergence. For more information about the process, read the "HOW DOES IT WORK" section of the description.
Features of the new Higher Timeframe IFVG Indicator :
Renders The Higher Timeframe IFVG
Invalidation Borders
Variety Of Zone Detection / Sensitivity / Filtering / Invalidation Settings
High Customizability
🚩 UNIQUENESS
This indicator lets you take a look at the bigger picture by rendering the latest IFVG in a higher timeframe. You can see the current IFVG divergence to see how is the price action acting around the IFVG. You also can customize the FVG Filtering method, FVG & IFVG Zone Invalidation, Detection Sensitivity etc. according to your needs to get the best performance from the indicator.
📌 HOW DOES IT WORK ?
A Fair Value Gap generally occur when there is an imbalance in the market. They can be detected by specific formations within the chart. An Inversion Fair Value Gap is when a FVG becomes invalidated, thus reversing the direction of the FVG.
This indicator then renders the IFVG in a higher timeframe in your chart like this :
The opaque dashed lines at the top and the bottom of the IFVG indicate the bars that formed the original FVG. The middle dashed line that is semi-transparent shows the candlestick that invalidated the original FVG, thus created the current IFVG. The vertical solid top & bottom wicks indicate the current divergence of the highest & lowest points to the current IFVG.
The IFVGs can act as strong support & resistance points, depending on their creation volume and invalidation volume. Traders can use them for confirmation signals to their positions.
⚙️ SETTINGS
1. General Configuration
Higher Timeframe -> The higher timeframe to detect latest IFVG from. Keep in mind that his setting must be higher than the current timeframe.
IFVG Zone Invalidation -> Select between Wick & Close price for IFVG Zone Invalidation.
2. Fair Value Gaps
FVG Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.
Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.
FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.
Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivities resulting in spotting bigger FVGs, and higher sensitivities resulting in spotting all sizes of FVGs.
3. Dasboard
You can enable / disable the mitigation dashboard and customize it here.
4. Customization
Offset -> The number of candlesticks the IFVG will be rendered to the right of the latest bar.
Width -> The width of the rendered IFVG in candlesticks.
EV Calculator [CHE]EV Calculator with Adjustable Boxes and Custom Colors for TradingView
Introduction:
As a trader, one of the key metrics you need to evaluate is the Expected Value (EV) of your trading strategy. Understanding EV helps you gauge whether your trades will be profitable in the long run. This TradingView script allows you to visualize your EV alongside customizable win rates and risk-to-reward ratios. With adjustable visual components, you can quickly determine whether your trading strategy has a positive or negative EV, and make informed decisions.
Features of the Script:
1. Customizable Inputs:
- Win Rate: Set your win probability (0.0 to 1.0), which represents how often your strategy is successful.
- Risk and Reward: Define how much you're risking and the potential reward for each trade.
2. Visual Representation:
- The script creates colored boxes representing different EV scenarios:
- Green Box: Indicates a good EV (>2), suggesting a highly profitable strategy.
- Yellow Box: Represents a neutral EV (between 0 and 2), where the strategy could work but is not optimal.
- Red Box: Shows a negative EV (<0), signaling that the strategy may lead to losses.
3. Adjustable Box Size:
- You can modify the width and height of the boxes to fit your chart display preferences, giving you better visual clarity based on your screen or chart style.
4. Dynamic Labels:
- Each bar in the chart includes dynamic labels showing:
- Win Rate: Displays the percentage chance of success.
- EV Value: Shows the calculated expected value based on the win rate and risk-reward ratio.
- Guide: Explains what each colored box means so that you can easily interpret the chart.
5. Scalability and Flexibility:
- The script only keeps a maximum of 20 recent entries, ensuring that your chart stays clean and organized.
- Both the number of labels and boxes adjust automatically to match your preferred settings, enhancing usability.
How the EV Calculation Works:
The formula for EV is based on a standard risk-to-reward model:
EV = (Win\ Rate \times Reward) - (Loss\ Probability \times Risk)
For example:
- If your win rate is 60% and your risk-to-reward ratio is 1:3, the script will calculate whether this strategy is expected to yield positive returns or result in long-term losses.
Example Use Case:
Let's say you are trading with a 60% win rate, risking 1 unit to gain 3 units. The script calculates that your EV is positive and represents this with a Green Box, showing you that your strategy has a high likelihood of being profitable. If your strategy slips and the win rate drops, the EV calculation will adjust, and you may see Yellow or Red Boxes, signaling a need for adjustment.
Final Thoughts:
This script is designed for traders who want to take their analysis beyond the basics. By providing real-time visualization of your EV, you can better assess whether your strategy is sound and make adjustments as needed.
How to Use:
- Adjust the input parameters for Win Rate, Risk, and Reward to match your trading strategy.
- Observe the colored boxes and labels to quickly understand if your current strategy is in a healthy EV zone.
- Use this visual feedback to refine your approach and stay on track towards profitability.
This tool simplifies the complex calculations behind EV and turns it into an intuitive and powerful decision-making aid for traders.
Now you're ready to integrate the EV Calculator with Adjustable Boxes and Custom Colors into your trading routine and start optimizing your strategies for long-term success!
Happy Trading and best regards Chervolino
Volume Surge Momentum Detector [CHE]Volume Surge Momentum Detector – Discover explosive price movements fueled by sudden volume spikes.
Volume Surge Momentum Detector – Capture Key Inflection Points Using Volume Dynamics
Description:
This indicator helps traders identify highprobability entries by focusing on volume dynamics. Significant price movements often occur when interest in a stock rises, and this is reflected in volume spikes. The Volume Analysis Indicator is designed to detect key inflection points such as breakouts and capitulations by analyzing the relationship between volume and price. It enables traders to avoid false breakouts, identify trend exhaustion, and make informed trading decisions.
Key Features:
VolumeBased Inflection Points: The indicator tracks the volume levels to detect when there is significant interest in a stock. High volume signals increased market participation, often preceding large price moves.
Breakout Detection: It identifies breakouts by detecting price moves beyond a key level (the highest price over a certain period) along with a volume spike, indicating strong momentum.
Capitulation Detection: Capitulation is detected when a strong trend weakens and reverses with increased volume, signaling potential trend exhaustion.
Volume Thresholds: By using statistical measures, the indicator identifies unusually high or low volume based on the average volume and standard deviations, helping traders to spot major turning points in the market.
This tool simplifies volume bar analysis by automatically highlighting significant volume events, which often indicate large upcoming price movements.
Detailed Breakdown:
1. Volume as a Catalyst for Price Movements:
Volume is essential for price action. Without sufficient volume, price moves may not be sustained. This indicator highlights moments of increased market interest by tracking significant volume increases, helping traders stay ahead of major price movements.
2. Breakouts and Capitulation Detection:
Breakout: Detected when the volume exceeds an upper threshold (based on two standard deviations above the average volume) and the price breaks above the highest close of the previous period. These moments are marked with green labels on the chart.
Capitulation: Detected when volume increases significantly but the trend cannot sustain itself, and the price reverses below the lowest close of the previous period. These moments are marked with red labels on the chart, indicating potential trend exhaustion.
3. Sentiment and Market Dynamics:
Market sentiment can lead to price inflections when one side of the market becomes overbought or exhausted. Volume spikes in either direction provide clues as to whether a trend will continue or reverse. This indicator helps identify these critical points by monitoring volume patterns.
4. Visual Representation:
Green Bars: High volume indicating strong market interest or momentum.
Red Bars: Low volume, signaling potential lack of interest or exhaustion.
Gray Bars: Normal volume, helping to distinguish significant market events from regular activity.
Breakout and Capitulation Labels: Green labels for breakouts and red labels for capitulation points are shown directly on the chart for easy reference.
5. Alerts for Key Signals:
Breakout Alert: Notifies traders when a breakout occurs with strong volume, indicating a potential for significant price movement.
Capitulation Alert: Alerts traders when a capitulation occurs, suggesting a trend reversal.
High and Low Volume Alerts: Receive notifications when the volume exceeds the upper or lower thresholds, highlighting key moments of market interest or disinterest.
Why This Indicator Matters:
Traders often miss significant price moves or enter too late. This indicator helps traders by identifying highprobability entry points before the stock makes major moves. By focusing on volume spikes, the indicator provides insight into market sentiment and allows traders to act quickly.
How It Works:
1. Calculate Volume Significance: The indicator calculates the average volume over a userdefined period (`length`) and identifies significant deviations using standard deviations.
2. Mark Key Levels: Breakouts are detected when price moves above recent highs with significant volume, while capitulation is flagged when trends show exhaustion with a volume spike and price reversal.
3. Receive Alerts: Traders can set up alerts for key events like breakouts, capitulations, and significant volume changes to stay informed in realtime.
Perfect For:
Active traders looking to spot early market movements driven by volume changes.
Traders who want to avoid false breakouts by confirming price moves with volume spikes.
Swing traders identifying capitulation points to reduce exposure or enter positions on trend reversals.
How to Use:
Customize the "Average Period" to determine how many bars are used to calculate the average volume.
Adjust the "Multiplier for Standard Deviation" to finetune the sensitivity of high and low volume detection.
Enable alerts to receive realtime notifications for breakouts, capitulations, or volume spikes.
Conclusion:
Volume analysis is essential to understanding stock movements. This indicator simplifies the process of identifying breakouts and capitulation points by using volume dynamics. Whether you are a beginner looking for powerful tools or an experienced trader refining your strategy, this indicator offers valuable insights into market behavior driven by volume.
Additional Insights:
1. Statistical Significance: The use of standard deviations to identify high and low volume gives the indicator a statistical basis, helping to reduce noise and false signals.
2. Flexible Alerts: Traders can set up custom alerts based on their trading preferences, whether they focus on volume changes or price breakouts and reversals.
This detailed description now includes all the important aspects of the script without referencing any external sources, focusing solely on the functionality and trading strategy the script provides.
Best regards
Chervolino
Custom Time Range HighlighterCustom Time Range Highlighter
This versatile indicator allows traders to highlight specific time ranges on their charts, accommodating users worldwide by supporting customizable UTC offsets. Traders can define two distinct time ranges, setting start and end hours in their local time zone.
A toggle option enables the display of highlights for today only , ensuring focus on current trading conditions.
Ideal for day traders and those following specific market sessions, this tool enhances visibility of active trading periods and aids in effective trade management.
Institutional Levels (Whole, Half, Quarter) By CapitalwithcalebThis Pine Script indicator is designed to plot institutional levels, which are key price levels that traders often monitor. These levels include whole numbers (like 12000, 12500), half levels (like 12250), and quarter levels (like 12375). The script allows full customization of colors, line styles, and line widths for each type of level (whole, half, and quarter).
Key Features:
Range of Levels:
The user defines a minimum (minLevel) and maximum (maxLevel) price level, and the script plots levels in increments of 50 points (step size of 50 covers quarter, half, and whole levels).
Customizable Appearance:
Color Customization: You can choose separate colors for whole, half, and quarter levels.
Line Style Customization: You can choose between solid, dashed, or dotted lines for each level type (whole, half, and quarter).
Line Width Customization: You can adjust the width of the lines (1 to 5).
Automatic Level Detection:
The script automatically determines whether a level is a whole, half, or quarter level based on whether it is a multiple of 1000 (whole), 500 (half), or 250 (quarter).
Plotting of Lines:
It draws horizontal lines across the entire chart (extend.both) at the calculated levels.
For each level, it determines its type (whole, half, quarter) and plots it using the user-specified colors, line styles, and widths.
Functions:
getLineStyle(styleStr): A functional helper that converts the string input from the user ("Solid", "Dashed", "Dotted") into Pine Script's corresponding line style constants.
plotLevel(level, color, width, style): Another functional helper that plots a line at the given price level with the provided color, width, and line style.
Execution Flow:
User Input: The user specifies the minimum and maximum levels to display on the chart. They also configure the appearance of the lines (color, style, width).
Level Calculation: The script iterates over all levels between the minLevel and maxLevel with a step size of 50, checking if the level is a whole, half, or quarter level.
Line Plotting: The appropriate lines are drawn on the chart, based on the type of level and user settings.
Example Use Case:
If a user sets the minLevel to 12000 and maxLevel to 13000, the script will automatically plot lines at key institutional levels like:
12000 (whole), 12250 (quarter), 12500 (whole), 12750 (quarter), etc.
Supertrend Scanner on ChartThis Indicator is Used to scan 10 stock on chart.
Supertrend is widely used indicator on tradingview. So we have used the originals indicator codes of supertrend by tradingview here. Background color has been changed as per supertrend trrend.
Problem : Sometime trader wants to track multiple stocks supertrend at a time. Mostly those stock are of same sector. To track all the stocks of same sector in one chart , trader has to open multiple charts for that.
Solution : This indicator pointout where other stocks has changed the trend. Like if you see "SBIN" written in GEREEN at bottom of the candle , that means on that particular candle SBIN supertrend has changed to positive. Similarly if you see "KOTAK" written in RED at top of the candle the means supertrend has changed to Negative on that particular candle. Its so easy to trace 10 stock on same chart which stocks labelling.
How to use :
When you trade on any index , then apply all the index constituents stock on this indicator. When Index changes the trend and that change in trend is confirmed by other constituents ( like 7/10 confirmed ) then that is confirmed trend. If all the constituents are on same direction than that's the confirmed trend.
Disclamer : This indicator is for education purpose , for any profit or loss , we are not responsible. Trade on your own risk.
Prime Multi-Ticker Screener: Real-Time Market StructurePrime Multi-Ticker Screener: Real-Time Market Structure and Trend Detection Tool
Prime Multi-Ticker Screener is designed to track multiple tickers simultaneously, providing real-time insights into market trends and structure changes such as CHoCH (Change of Character) and BOS (Break of Structure). This tool is perfect for traders looking to monitor multiple assets across different timeframes while receiving clear signals that highlight critical market shifts. The indicator delivers instant visual feedback with color-coded backgrounds to make interpreting signals easy and efficient.
Core Features of Prime Multi-Ticker Screener
Multi-Ticker Monitoring: Track up to 5 tickers across multiple timeframes in a single dashboard. This makes it easy to watch several assets at once without cluttering your chart.
CHoCH and BOS Detection: The screener automatically detects and highlights significant market structure shifts. CHoCH signals are shown when a trend reverses or consolidates, while BOS signals indicate a break in previous highs or lows, helping traders catch potential trend reversals early.
Color-Coded Visuals: The background of each signal cell dynamically changes color to represent bullish or bearish signals. Green indicates bullish activity, while red highlights bearish market shifts, making it easy for traders to identify key movements at a glance.
Close Price and ATR Data: For each ticker, the screener displays both the current close price and the 14-period Average True Range (ATR), providing important volatility information to support decision-making.
Detailed Explanation of How Prime Multi-Ticker Screener Works
Prime Multi-Ticker Screener combines trend detection with real-time market structure analysis to deliver comprehensive market insights. It analyzes the following components:
CHoCH Detection: Change of Character occurs when the market switches from trending to ranging or vice versa. This indicator catches these moments by identifying when prices cross pivot levels, providing traders with a valuable signal of potential market phase changes.
BOS Detection: The Break of Structure function highlights moments when the price breaks a significant high or low, often indicating the start of a new trend or the continuation of an existing one.
Close Price & ATR Monitoring: Alongside market structure signals, the screener provides real-time data on the close price and the Average True Range (ATR), ensuring traders have a complete picture of the price and volatility landscape for each asset they are tracking.
Why It's Useful for Traders
Prime Multi-Ticker Screener is a versatile tool that offers substantial benefits to traders who want to stay informed about multiple assets and trends simultaneously:
Comprehensive Monitoring: Track multiple assets in real time, all from a single indicator. Whether you trade crypto, forex, or stocks, this tool helps you stay on top of market movements across different assets and timeframes.
Market Structure Analysis: The automatic detection of CHoCH and BOS signals gives traders an edge by identifying potential reversals and trend continuations as they happen, allowing for more timely and informed trading decisions.
Efficient and Intuitive Design: The screener is designed with simplicity in mind. The color-coded backgrounds quickly alert traders to market structure shifts without overwhelming them with data, making it ideal for those who need to act fast.
How It Works: Practical Usage
Prime Multi-Ticker Screener is ideal for:
Day traders: The real-time tracking of multiple assets allows day traders to quickly spot trading opportunities across different markets.
Swing traders: CHoCH and BOS detection help swing traders catch key market structure shifts, helping them align trades with emerging trends.
Trend followers: The screener provides instant feedback on when a trend is continuing or breaking, helping trend-following traders maintain their positions or exit early when needed.
By combining multiple key metrics—price, volatility, and market structure—Prime Multi-Ticker Screener ensures traders are well-equipped to manage their positions across a variety of assets.
Risk Disclaimer
While Prime Multi-Ticker Screener provides valuable market insights, it's important to remember:
Past performance is not indicative of future results: This screener provides analysis based on historical data, and no indicator can predict future market movements with certainty.
Market Conditions: The effectiveness of Prime Multi-Ticker Screener may vary in different market conditions, so traders should always use proper risk management when trading.
Trading Risks: Like any trading tool, Prime Multi-Ticker Screener should be used as part of a comprehensive trading strategy, including risk management techniques such as stop-loss orders and position sizing.
Yesterday's Levels with 50% wick and Equilibrium## Script Description
This Pine Script indicator highlights key levels from the previous day’s daily candle on any timeframe chart. It focuses exclusively on marking the following:
1. **Previous Day’s High, Low, Open, and Close**:
- Horizontal lines are drawn to indicate the previous day's high, low, open, and close prices.
- These lines are white and extend across the chart.
2. **50% of Candle Wicks**:
- If the previous day’s candle has wicks, two additional lines mark 50% of the top wick and 50% of the bottom wick.
- These lines are green and dotted, representing half the wick’s height.
3. **Equilibrium (50% of the Full Candle)**:
- A horizontal red line marks the midpoint (equilibrium) of the entire previous day’s candle, from high to low.
- This line is thicker than the others to emphasize the equilibrium level.
The script works by focusing only on the previous day’s daily candle, ensuring that it doesn’t plot lines for any older candles. These levels are visible on all timeframes.
Earnings Date Highlighter - from0_to_1This indicator, called "Earnings Date Highlighter," is designed to visualize earnings data for up to four different stocks on a single chart. It's particularly useful for traders or investors who want to track earnings events for multiple companies simultaneously, such as the top holdings of an ETF.
Key features:
1. Tracks earnings data (estimates and actuals) for four user-defined symbols.
2. Plots earnings data points with customizable colors for each symbol.
3. Highlights earnings dates with background colors.
4. Displays green up arrows for earnings beats and red down arrows for earnings misses.
Why someone would use it:
1. To monitor earnings events for multiple stocks in a single view.
2. To quickly identify potential market-moving events for key components of an ETF or portfolio.
3. To spot patterns in earnings performance across different companies or sectors.
4. To help with timing trades or adjusting positions around earnings announcements.
This tool can be particularly valuable for investors focused on ETFs, as it allows them to visualize earnings dates and performance for the ETF's major holdings all in one place, potentially providing insights into how the ETF might behave around these key events.
Author:
www.tradingview.com
S&R Tracker [CHE]Dynamic S&R Tracker
1. Introduction to the Tool
Purpose:
The Dynamic S&R Tracker is a powerful TradingView tool designed to automatically detect and display support and resistance levels across multiple timeframes. It dynamically adjusts based on the current chart’s timeframe, making it easier for traders to identify key price levels for both shortterm and longterm analysis.
Key Features:
Dynamic adjustment of support and resistance levels based on realtime market conditions
Simultaneous visualization of support and resistance for two different timeframes
Automatic selection of optimal timeframes for accurate and efficient analysis
2. Functionality
Automatic Timeframe Selection:
The Dynamic S&R Tracker uses a smart function to automatically adjust the analysis timeframe based on the market’s current conditions. It selects the appropriate intervals (e.g., 1 hour, 1 day, 1 month) for displaying support and resistance levels, reducing the need for manual intervention.
Support and Resistance Identification:
The tool calculates and identifies key pivot highs and lows, which act as support and resistance levels. These levels are displayed for two timeframes at once, giving a comprehensive view of the market's shortterm and longterm trends.
3. Benefits
Efficiency:
With automatic adjustments, traders save time by not having to manually change timeframes or recalculate levels.
Enhanced Market Insight:
By analyzing two timeframes simultaneously, the tool provides a broader market perspective, helping traders spot potential reversal points and breakouts.
Customizability:
Though dynamic, the Dynamic S&R Tracker offers flexibility for manual adjustments, allowing traders to finetune the analysis based on personal preferences or market strategies.
4. Visualization
Support and Resistance Levels:
The tool uses clear visual markers—green for support and red for resistance—making it easy to spot critical price zones on the chart.
Informative Timeframe Display:
The tracker includes a customizable information box that shows the selected timeframes used in the analysis, keeping the user informed at all times.
5. Conclusion
The Dynamic S&R Tracker is an essential tool for traders seeking an automated, precise, and flexible way to analyze support and resistance across multiple timeframes. By offering dynamic adjustments and clear visual feedback, it simplifies the decisionmaking process and provides deeper market insights.
Ideal for traders who need a streamlined and adaptable solution to better navigate market trends.
Prometheus Volatility EMAThe Prometheus Volatility EMA is an indicator that calculates an Exponential Moving Average with the historical volatility as how we decide how sensitive to make the indicator to the most recent data.
A traditional EMA is calculated like this:
EMA = alpha * source + (1 - alpha) * EMA , where alpha = 2 / (length + 1)
Sourced from TradingView’s ta.ema built in function.
We see that the alpha value is used to determine how sensitive the EMA will be to the most recent prices, and it is derived from how many bars back are used in the calculation.
Prometheus is using the annualized historical volatility, for a specified period as the “alpha” value. The reason for this is that on more volatile assets, the EMA will follow price more closely to give you a better idea of when price may change direction.
Historical Volatility calculation:
hv = ta.stdev(math.log(close / close ), lkb) * math.sqrt(252/5)
EMA calculation:
float hv_EMA = na
hv_EMA := na(hv_EMA ) ? ta.sma(close, lkb) : hv * close + (1 - hv) * hv_EMA
Let's explain some charts to better understand this tool!
We see on a 1 year NASDAQ:SHY chart, the moving average is far from the price. This makes sense as NASDAQ:SHY has a range of 2.85% from the low to the high for this period in the photo above. It is not very volatile.
In this chart of BITSTAMP:BTCUSD we see that the EMA follows price very closely, way closer than it does on $SHY. This is because BITSTAMP:BTCUSD is much more volatile. BITSTAMP:BTCUSD has a range of 196% from the low to the high in this photo. Way more than $SHY.
We see it change on the same asset here looking at $QQQ. In the small period with the drop we see the EMA follow more closely as volatility picks up, then it quickly allows price to get far as volatility leaves.
This is the perspective we aim to provide. We encourage traders to not follow indicators blindly. No indicator is 100% accurate. This one can give you a different perspective of price strength with volatility. We encourage any comments about desired updates or criticism!
Daily High and Low Levels IndicatorThis Pine Script indicator displays horizontal lines representing the high and low levels of the previous trading day, extending them to the right side of the chart for better visibility. It updates automatically at the start of each new trading day.
Features:
Daily High and Low Levels: Marks the high and low levels of the previous day with horizontal lines.
Customization:
Adjust the color, style, and thickness of the lines to fit your preferences.
High Level Line Color: Customize to your preferred color (default: gray).
Low Level Line Color: Customize to your preferred color (default: white).
Line Style Options: Choose between solid, dashed, or dotted lines.
Line Thickness: Adjust the width of the lines.
Extended Lines: Extend the lines to the right side of the chart for enhanced visibility.
Labeling: Shows clear labels "Previous High" and "Previous Low" next to the lines for easy reference.
Usage :
Add this indicator to your chart to visualize the previous day's high and low levels.
Customize the appearance of the lines and labels using the input options.
The indicator will automatically update these levels at the beginning of each trading day.
This indicator is designed to help traders quickly identify significant price levels from the previous day and make informed trading decisions.
License: This script is provided under the Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) License. For more information, visit Creative Commons License.
Price & Volume Breakout Fibonacci Probability [TradeDots]📝 OVERVIEW
The "Price & Volume Breakout Fibonacci Probability" indicator is designed to detect the probability of the maximum run-up and drawdown of each breakout trade on an asset, assisting traders in optimizing their take profit and stop loss strategies.
🧮 CALCULATIONS
The algorithm detects price and volume breakouts to activate the Fibonacci levels displayed on the chart. It calculates these levels using the period pivot high and low, with the close price of the breakout bar as the reference price.
The indicator then forward-tests within an user-selected number of bars, detecting the maximum run-up and drawdown during that period. Consequently, it calculates the probability of the price hitting either side of the Fibonacci levels, showing the likelihood of reaching take profit and stop loss targets for each breakout trade.
📊 EXAMPLE
The above example shows two breakout trades, circled within the yellow rectangle zone.
The first trade has a maximum run-up above the +0.382 Fibonacci level zone and a maximum drawdown below the -0.618 Fibonacci level zone.
When the price reaches the maximum run-up, it only has a ~45% probability of moving further upward into the last two zones (25% + 19.44%). This indicates that setting a take profit at a higher level may have less than a 50% chance of success.
Conversely, when the price reaches its maximum drawdown, there is only an ~8% probability of moving further downward into the last drawdown zone. This could indicate a potential reversal.
⚙️ SETTINGS
Breakout Condition: Determines the type of breakout condition to track: "Price", "Volume", "Price & Volume".
Backtest Period: The maximum run-up and drawdown are detected within this bar period.
Price Breakout Period: Specifies the number of bars the price needs to break out from.
Volume Breakout Period: Specifies the number of bars the volume needs to break out from.
Trendline Confirmation: Confirms that the close price needs to be above the trendline.
📈 HOW TO USE
By understanding the probabilities of price movements to both the upside and downside, traders can set take profit and stop loss targets with greater accuracy.
For instance, placing a stop loss order below the zone with the highest probability minimizes the chances of being stopped out of a profitable trade. Conversely, setting a take profit target at the zone with the highest probability increases the win rate.
Additionally, if the price breaches multiple Fibonacci levels during the breakout period, it may indicate an abnormal state, signaling a potential reversal or pullback. This can help traders exit trades in a timely manner.
Traders can adjust their take profit and stop loss levels based on their individual risk tolerance.
RISK DISCLAIMER
Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
Big Volumes HighlighterBig Volumes Highlighter
Overview:
The "Big Volume Highlighter" is a powerful tool designed to help traders quickly identify candles with the highest trading volume over a specified period. This indicator not only highlights the most significant volume candles but also color-codes them based on the candle's direction—green for bullish (close > open) and red for bearish (close < open). Whether you're analyzing volume spikes or looking for key moments in price action, this indicator provides clear visual cues to enhance your trading decisions.
Features:
Customizable Lookback Period: Define the number of candles to consider when determining the highest volume.
Automatic Color Coding: Candles with the highest volume are highlighted in green if bullish and red if bearish.
Visual Clarity: The indicator marks the significant volume candles with a triangle above the bar and changes the background color to match, making it easy to spot important volume events at a glance.
Use Cases:
Volume Spike Detection:
Quickly identify when a large volume enters the market, which may indicate significant buying or selling pressure.
Trend Confirmation: Use volume spikes to confirm trends or potential reversals by observing the direction of the high-volume candles.
Market Sentiment Analysis: Understand market sentiment by analyzing the direction of the candles with the biggest volumes.
How to Use:
Add the "Big Volume Highlighter" to your chart.
Adjust the lookback period to suit your analysis.
Observe the highlighted candles for insights into market dynamics.
This script is ideal for traders who want to incorporate volume analysis into their technical strategy, providing a simple yet effective way to monitor significant volume changes in the market.
Artaking 2Components of the Indicator:
Moving Averages:
Short-Term Moving Average (MA): This is a 50-period Simple Moving Average (SMA) applied to the closing price. It is used to track the short-term trend of the market.
Long-Term Moving Average (MA): This is a 200-period SMA used to track the long-term trend.
Day Trading Moving Average: A 20-period SMA is used specifically for day trading signals, focusing on shorter-term price movements.
Purpose:
The crossing of these moving averages (short-term crossing above or below long-term) provides basic buy and sell signals, indicative of potential trend reversals or continuations.
ADX (Average Directional Index) for Trend Strength:
ADX Calculation: The ADX is calculated using a 14-period length with 14-period smoothing. The ADX value indicates the strength of a trend, regardless of direction.
Strong Trend Condition: The indicator considers a trend to be strong if the ADX value is above 25. This threshold helps filter out trades during weak or sideways markets.
Purpose:
To ensure that the strategy only generates signals when there is a strong trend, thus avoiding whipsaws in low volatility or range-bound conditions.
Support Levels:
Support Level Calculation: The indicator calculates the lowest close over the last 100 periods. This level is used to identify significant support zones where the price might find a floor.
Purpose:
Support levels are critical in identifying potential areas where the price might bounce, making them ideal for setting stop losses or identifying buy opportunities.
Volatility Spike (Proxy for News Trading):
ATR (Average True Range) Calculation: The indicator uses a 14-period ATR to measure market volatility. A volatility spike is identified when the ATR is greater than 1.5 times the 14-period SMA of the ATR.
Purpose:
This serves as a proxy for news events or other sudden market movements that could make the market unpredictable. The indicator avoids generating signals during these periods to reduce the risk of being caught in a volatile, potentially news-driven move.
Fibonacci Retracement Levels:
61.8% Fibonacci Level: Calculated from the highest high and lowest low over the long MA period, this retracement level is widely regarded as a significant support or resistance level.
Purpose:
Position traders often use Fibonacci levels to identify potential reversal points. The indicator incorporates the 61.8% level to fine-tune entries and exits.
Candlestick Patterns for Price Action Trading:
Bullish Engulfing Pattern: A bullish reversal pattern where a green candle fully engulfs the previous red candle.
Bearish Engulfing Pattern: A bearish reversal pattern where a red candle fully engulfs the previous green candle.
Purpose:
These patterns are classic signals used in price action trading to identify potential reversals at key levels, especially when they align with other conditions like support/resistance or Fibonacci levels.
Signal Generation:
The indicator generates buy and sell signals by combining the above elements:
Buy Signal:
A buy signal is triggered when:
The short-term MA crosses above the long-term MA (indicating a potential uptrend).
The trend is strong (ADX > 25).
The current price is near or below the 61.8% Fibonacci retracement level, suggesting a potential reversal.
No significant volatility spike is detected, ensuring the market isn’t reacting unpredictably to news.
Sell Signal:
A sell signal is triggered when:
The short-term MA crosses below the long-term MA (indicating a potential downtrend).
The trend is strong (ADX > 25).
The current price is near or above the 61.8% Fibonacci retracement level, suggesting potential resistance.
No significant volatility spike is detected.
Day Trading Signals:
Independent of the main trend signals, the indicator also generates intraday buy and sell signals when the price crosses above or below the 20-period day trading MA.
Price Action Signals:
The indicator can trigger buy or sell signals based purely on price action, such as the occurrence of bullish or bearish engulfing patterns. This is optional and can be enabled or disabled.
Alerts:
The indicator includes built-in alert conditions that notify the trader when a buy or sell signal is generated. This allows traders to act immediately without having to constantly monitor the charts.
Practical Application:
This indicator is versatile and can be used across various trading styles:
Position Trading: The long-term MA, Fibonacci retracement, and ADX provide a solid foundation for identifying long-term trends and potential entry/exit points.
Day Trading: The short-term MA and day trading MA offer quick signals for intraday trading.
Price Action: Candlestick pattern recognition allows for precise entry points based on market sentiment and behavior.
News Trading: The volatility spike filter helps avoid trading during periods of market instability, often driven by news events.
Conclusion:
The Comprehensive Trading Strategy Indicator is a robust tool designed to help traders navigate various market conditions by integrating multiple strategies into a single, coherent framework. It provides clear, actionable signals while filtering out potentially dangerous trades during volatile or weak market conditions. Whether you're a long-term trader, a day trader, or someone who relies on price action, this indicator can be a valuable addition to your trading toolkit.
Anomaly Detection with Standard Deviation [CHE]Anomaly Detection with Standard Deviation in Trading
Application for Traders
Traders can use this indicator to identify potential turning points in the market. Anomalies above the upper threshold may indicate overbought conditions, suggesting a possible reversal or sell opportunity. Conversely, anomalies below the lower threshold might signal oversold conditions, presenting a potential buying opportunity. By combining these signals with other technical analysis tools, traders can make more informed decisions and refine their trading strategies.
Introduction
Welcome to this presentation on Anomaly Detection using Standard Deviation in the context of trading. This method helps traders identify unusual price movements that may indicate potential trading opportunities. We will walk through the concept, explain how to set up the indicator, and discuss how traders can utilize it effectively.
Concept Overview
Anomaly Detection using Standard Deviation is a statistical method that identifies price points in a financial market that deviate significantly from the norm. The method relies on calculating the moving average and the standard deviation of a chosen price indicator over a specified period. By defining thresholds (e.g., 3 standard deviations above and below the mean), the method flags these deviations as anomalies, which can signal potential trading opportunities.
1. Selecting the Data Source
Description: The first step in setting up the indicator is choosing the price data that will be analyzed. Common options include the closing price, opening price, highest price, lowest price, or a combination of these (such as the average of the open, high, low, and close prices, known as OHLC4).
Importance: The choice of data source affects the sensitivity and relevance of the detected anomalies.
2. Setting the Calculation Period
Description: The calculation period refers to the number of time units (such as days, hours, or minutes) used to compute the moving average and standard deviation. A typical default period might be 20 units.
Importance: A shorter period makes the indicator more responsive to recent changes, while a longer period smooths out short-term fluctuations and highlights more significant trends.
3. Determining the Number of Displayed Lines and Labels
Description: Traders can configure how many anomaly lines and labels are displayed on the chart at any given time. This is crucial for maintaining a clear and readable chart, especially in volatile markets.
Importance: Limiting the number of displayed anomalies helps avoid clutter and focuses attention on the most recent or relevant data points.
4. Calculating the Mean and Standard Deviation
Description: The mean (or moving average) represents the central tendency of the price data, while the standard deviation measures the dispersion or volatility around this mean.
Importance: These statistical measures are fundamental to determining the thresholds for what constitutes an "anomaly."
5. Defining Anomaly Thresholds
Description: Anomaly thresholds are typically set at 3 standard deviations above and below the mean. Prices that exceed these thresholds are considered anomalies, signaling potential overbought (above the upper threshold) or oversold (below the lower threshold) conditions.
Importance: These thresholds help traders identify extreme market conditions that might present trading opportunities.
6. Identifying Anomalies
Description: The indicator checks whether the high or low prices exceed the defined thresholds. If they do, these price points are flagged as anomalies.
Importance: Identifying these points can alert traders to unusual market behavior, prompting them to consider buying, selling, or holding their positions.
7. Visualizing the Anomalies
Description: The indicator plots the thresholds on the chart as lines, with anomalies highlighted through additional visual cues, such as labels or lines.
Importance: This visualization makes it easy for traders to spot significant deviations from the norm, which might warrant further analysis or immediate action.
8. Managing Displayed Anomalies
Description: To keep the chart organized, the indicator automatically removes the oldest lines and labels when the number exceeds the user-defined limit.
Importance: This feature ensures that the chart remains clear and focused on the most relevant data points, preventing information overload.
Conclusion
The Anomaly Detection with Standard Deviation indicator is a powerful tool for identifying significant deviations in market behavior. By customizing parameters such as the calculation period and the number of displayed anomalies, traders can tailor the indicator to suit their specific needs, leading to more effective trading decisions.
Best regards
Chervolino
Envelope with Kernel Selection [CHE] Envelope with Kernel Selection Indicator Overview
The "Envelope with Kernel Selection " is a versatile technical analysis tool designed to help traders identify market trends and trading signals. This indicator allows traders to spot signals in two primary ways: through the plotshape markers, which indicate specific price crossovers, and via the background color, which visually represents the current market trend.
Key Features and Advantages:
1. Dual Signal Mechanism:
- Plotshape Markers: The indicator uses visual markers (arrows) on the chart to highlight when the price crosses above or below the envelope bands. These markers act as clear trade signals, helping traders identify potential buy or sell opportunities.
- Background Color for Trend Identification: In addition to plotshape markers, the indicator can also use the chart's background color to indicate overall market direction. A green background suggests a bullish trend, while a red background indicates a bearish trend. This dual signal mechanism provides traders with both precise entry/exit points and an easy-to-read trend indicator.
2. Customizable Background Color Feature:
- Background Color Toggle: The background color feature can be turned on or off using the `bgColorEnabled = input.bool(true, "Background Color On / Off")` setting. When this setting is enabled (`true`), the background color dynamically changes based on the market's trend, offering an additional visual cue. If the setting is disabled (`false`), the background color remains neutral, allowing traders to focus solely on the plotshape signals or other chart elements.
- Visual Clarity: When enabled, the background color helps traders quickly gauge the market's trend without analyzing detailed chart patterns, making it easier to identify whether the market is in a bullish or bearish phase.
3. Customizable Kernel Selection for Enhanced Smoothing:
- Diverse Kernel Options: The indicator provides six different kernel functions (Linear, Exponential, Epanechnikov, Triangular, Cosine, Gauss) for smoothing price data. Traders can select the kernel that best suits their analysis style, allowing for precise adjustment to market conditions.
- Improved Trend Accuracy: By choosing the appropriate kernel function, traders can either focus on short-term price movements or capture broader trends more effectively, thus improving the accuracy of their market analysis.
4. Non-Repainting Signals for Reliability:
- Consistency in Signals: The indicator’s non-repainting nature ensures that once a signal (such as a crossover or trend change) is generated, it does not change with future price movements. This consistency is crucial for making reliable trading decisions, especially when backtesting or executing strategies based on historical data.
- Dependable Trading: Traders can rely on the signals provided by this indicator to remain consistent, which enhances confidence in decision-making and reduces the risk of false signals.
5. Dynamic Trend Bands:
- Adaptive Support and Resistance: The indicator calculates and displays upper and lower trend bands around a midline based on the selected kernel function. These bands act as dynamic support and resistance levels, guiding traders in identifying potential reversal zones.
- Versatility in Various Market Conditions: The bands can be adjusted for different market volatilities using the bandwidth setting, making the indicator suitable for both trending and ranging markets.
6. Clear Visual Indicators for Crossovers:
- Easy-to-Spot Trade Signals: The indicator uses arrows to mark when the price crosses the upper or lower bands. A green arrow indicates a potential buy signal, while a red arrow indicates a potential sell signal. These visual markers simplify the identification of entry and exit points.
- Enhanced Precision: By clearly marking crossover points, the indicator helps traders execute trades with greater precision, reducing the likelihood of missed opportunities.
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In summary, the "Envelope with Kernel Selection " offers traders a powerful combination of visual signals through plotshape markers and background color changes. Its customizable kernel selection, non-repainting nature, and dynamic trend bands make it a comprehensive and reliable tool for market analysis and trading. Whether you prefer clear trade signals or broader trend identification, this indicator provides the flexibility and accuracy needed to make informed trading decisions.
Best regards
Chervolino
Double Bottom and Top Hunter### Türkçe Açıklama:
Bu strateji, grafikte ikili dip ve ikili tepe formasyonlarını tespit ederek otomatik alım ve satım işlemleri gerçekleştirir. İkili dip, fiyatın belirli bir dönem içinde iki kez en düşük seviyeye ulaşması ile oluşur ve bu durumda strateji long (alım) işlemi açar. İkili tepe ise fiyatın belirli bir dönem içinde iki kez en yüksek seviyeye ulaşması ile oluşur ve bu durumda strateji short (satış) işlemi açar.
- **Dönem Uzunluğu ve Geriye Dönük Kontrol:** Strateji, varsayılan olarak 100 periyotluk bir zaman dilimini temel alır ve bu süre boyunca en düşük ve en yüksek fiyat seviyelerini belirler. Geriye dönük kontrol süresi de 100 periyot olarak ayarlanmıştır.
- **İşlem Açma Koşulları:** İkili dip tespit edildiğinde long pozisyon, ikili tepe tespit edildiğinde short pozisyon açılır.
- **İşlem Kapatma Koşulları:** İkili dipte, en yüksek seviyeye (HH) ulaşıldıktan sonra fiyatın daha düşük bir seviye (LL) yapması durumunda pozisyon kapanır. İkili tepede ise tam tersi bir durumda, pozisyon kapanır.
- **Zigzag Çizimi:** İkili dip ve tepe formasyonları, grafik üzerinde yeşil (dipler) ve kırmızı (tepeler) zigzag çizgileri ile gösterilir.
Bu strateji, özellikle 1, 3 ve 5 dakikalık kısa zaman dilimlerinde yüksek başarı oranına sahiptir ve piyasadaki kısa vadeli trend dönüşlerini yakalamada etkili bir araçtır.
### English Explanation:
This strategy automatically executes buy and sell orders by detecting double bottom and double top formations on the chart. A double bottom occurs when the price reaches a low level twice within a specific period, prompting the strategy to open a long (buy) position. Conversely, a double top forms when the price reaches a high level twice, leading the strategy to open a short (sell) position.
- **Period Length and Lookback Control:** By default, the strategy is based on a 100-period length, during which it identifies the lowest and highest price levels. The lookback control period is also set to 100 periods.
- **Entry Conditions:** A long position is opened when a double bottom is detected, while a short position is opened when a double top is identified.
- **Exit Conditions:** In the case of a double bottom, the position is closed after the price reaches a higher high (HH) and then makes a lower low (LL). For a double top, the opposite occurs before closing the position.
- **Zigzag Plotting:** The double bottom and top formations are visually represented on the chart with green (bottoms) and red (tops) zigzag lines.
This strategy is particularly successful in short timeframes such as 1, 3, and 5 minutes and is an effective tool for capturing short-term trend reversals in the market.
