long&short signal Smart Money Concepts (SMC) with MACD Signals Smart Money Concepts (SMC) with MACD Signals
Advanced SMC and MACD Integration for Precision Trading
The "Smart Money Concepts (SMC) with MACD Signals" indicator is a powerful and versatile tool designed to enhance trading strategies by integrating two highly effective technical analysis methods into a single, cohesive indicator. This advanced script combines the Smart Money Concepts (SMC) methodology with the Moving Average Convergence Divergence (MACD) indicator to provide traders with a comprehensive trading solution that identifies key market trends and potential trading opportunities.
What It Does:
Smart Money Concepts (SMC):
The SMC component of this indicator identifies significant price levels and zones where market participants, particularly institutional investors, may be active. It calculates high and low anchor levels based on historical price data, creating zones that help traders understand where price action may encounter support or resistance. These anchor levels are used to plot background colors on the chart, highlighting critical areas of interest where price might react, and generating buy (long) and sell (short) signals based on price interactions with these levels.
MACD (Moving Average Convergence Divergence):
The MACD component provides insights into market momentum and trend strength. By calculating the difference between two moving averages and comparing it to a signal line, the MACD indicator helps traders identify potential changes in trend direction. The script plots the MACD line, signal line, and histogram, offering a clear visual representation of market momentum. Buy (long) and sell (short) signals are generated when the MACD line crosses above or below the signal line, providing timely alerts to potential trading opportunities.
Why It’s Special:
This indicator stands out for its dual functionality, combining the price level analysis of SMC with the momentum-based insights of MACD. The integration allows traders to benefit from both trend and price level analysis, offering a more robust and accurate trading tool. The SMC component highlights critical price zones and provides context for price action, while the MACD component confirms the strength and direction of market trends.
By using this combined approach, traders can make more informed decisions based on comprehensive market analysis. The indicator not only helps in identifying significant price levels and potential market reversals but also provides real-time signals to capitalize on these opportunities. Whether you are a day trader or a swing trader, the "Smart Money Concepts (SMC) with MACD Signals" indicator is designed to enhance your trading strategy with precision and clarity.
This unique combination of SMC and MACD offers a powerful toolset for traders looking to refine their trading strategies and improve their market analysis. With its user-friendly visualizations and signal generation, this indicator is an essential addition to any trader’s toolkit.
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Polynomial Regression Keltner Channel [ChartPrime]Polynomial Regression Keltner Channel
⯁ OVERVIEW
The Polynomial Regression Keltner Channel [ ChartPrime ] indicator is an advanced technical analysis tool that combines polynomial regression with dynamic Keltner Channels. This indicator provides traders with a sophisticated method for trend analysis, volatility assessment, and identifying potential overbought and oversold conditions.
◆ KEY FEATURES
Polynomial Regression: Uses polynomial regression for trend analysis and channel basis calculation.
Dynamic Keltner Channels: Implements Keltner Channels with adaptive volatility-based bands.
Overbought/Oversold Detection: Provides visual cues for potential overbought and oversold market conditions.
Trend Identification: Offers clear trend direction signals and change indicators.
Multiple Band Levels: Displays four levels of upper and lower bands for detailed market structure analysis.
Customizable Visualization: Allows toggling of additional indicator lines and signals for enhanced chart analysis.
◆ FUNCTIONALITY DETAILS
⬥ Polynomial Regression Calculation:
Implements a custom polynomial regression function for trend analysis.
Serves as the basis for the Keltner Channel, providing a smoothed centerline.
//@function Calculates polynomial regression
//@param src (series float) Source price series
//@param length (int) Lookback period
//@returns (float) Polynomial regression value for the current bar
polynomial_regression(src, length) =>
sumX = 0.0
sumY = 0.0
sumXY = 0.0
sumX2 = 0.0
sumX3 = 0.0
sumX4 = 0.0
sumX2Y = 0.0
n = float(length)
for i = 0 to n - 1
x = float(i)
y = src
sumX += x
sumY += y
sumXY += x * y
sumX2 += x * x
sumX3 += x * x * x
sumX4 += x * x * x * x
sumX2Y += x * x * y
slope = (n * sumXY - sumX * sumY) / (n * sumX2 - sumX * sumX)
intercept = (sumY - slope * sumX) / n
n - 1 * slope + intercept
⬥ Dynamic Keltner Channel Bands:
Calculates ATR-based volatility for dynamic band width adjustment.
Uses a base multiplier and adaptive volatility factor for flexible band calculation.
Generates four levels of upper and lower bands for detailed market structure analysis.
atr = ta.atr(length)
atr_sma = ta.sma(atr, 10)
// Calculate Keltner Channel Bands
dynamicMultiplier = (1 + (atr / atr_sma)) * baseATRMultiplier
volatility_basis = (1 + (atr / atr_sma)) * dynamicMultiplier * atr
⬥ Overbought/Oversold Indicator line and Trend Line:
Calculates an OB/OS value based on the price position relative to the innermost bands.
Provides visual representation through color gradients and optional signal markers.
Determines trend direction based on the polynomial regression line movement.
Generates signals for trend changes, overbought/oversold conditions, and band crossovers.
◆ USAGE
Trend Analysis: Use the color and direction of the basis line to identify overall trend direction.
Volatility Assessment: The width and expansion/contraction of the bands indicate market volatility.
Support/Resistance Levels: Multiple band levels can serve as potential support and resistance areas.
Overbought/Oversold Trading: Utilize OB/OS signals for potential reversal or pullback trades.
Breakout Detection: Monitor price crossovers of the outermost bands for potential breakout trades.
⯁ USER INPUTS
Length: Sets the lookback period for calculations (default: 100).
Source: Defines the price data used for calculations (default: HLC3).
Base ATR Multiplier: Adjusts the base width of the Keltner Channels (default: 0.1).
Indicator Lines: Toggle to show additional indicator lines and signals (default: false).
⯁ TECHNICAL NOTES
Implements a custom polynomial regression function for efficient trend calculation.
Uses dynamic ATR-based volatility adjustment for adaptive channel width.
Employs color gradients and opacity levels for intuitive visual representation of market conditions.
Utilizes Pine Script's plotchar function for efficient rendering of signals and heatmaps.
The Polynomial Regression Keltner Channel indicator offers traders a sophisticated tool for trend analysis, volatility assessment, and trade signal generation. By combining polynomial regression with dynamic Keltner Channels, it provides a comprehensive view of market structure and potential trading opportunities. The indicator's adaptability to different market conditions and its customizable nature make it suitable for various trading styles and timeframes.
Predictive Order Blocks [CryptoSea]The Predictive Order Blocks Indicator is a unique and innovative tool that enhances market analysis by identifying support and resistance blocks based on standard deviations from a median line. Unlike traditional indicators that rely solely on the close price, this indicator leverages the median line and standard deviations to form areas of interest, rather than targeting a single price point. This approach provides a more accurate representation of market structure, especially during periods of consolidation and expansion.
Key Features
Multi-Term Length Analysis: The indicator offers short, medium, and long-term settings, allowing traders to customise the analysis based on their preferred trading strategy and timeframe. This flexibility ensures that the tool is adaptable to various market conditions and trading styles.
Standard Deviation-Based Order Blocks: The core functionality of the indicator revolves around calculating standard deviations from a median line to form support and resistance blocks. These blocks provide a clearer and more reliable picture of market structure compared to single-point levels. By focusing on areas rather than exact price levels, the indicator helps traders identify zones where price is likely to react, leading to more informed trading decisions.
Dynamic Box Creation: The indicator dynamically creates breakout boxes based on user-selected standard deviation ranges. These boxes are formed at the start of market expansion following periods of consolidation. This feature is particularly useful because it highlights key levels where price is likely to retrace after breaking out, providing traders with actionable insights during market transitions.
Proximity-Based Gradient Colors: The indicator features gradient colors that change based on the price's proximity to the standard deviation bands. This visual aid helps traders quickly assess the current market condition and the potential significance of the support and resistance blocks.
Adaptive Display Options: To accommodate different trading preferences, the indicator includes options to toggle the display of the trend line (median line) and the standard deviation bands. This flexibility allows traders to customise their chart view to match their analysis style, whether they prefer a more clutter-free view or a detailed breakdown of market levels.
In the example below, the indicator shows the bands compressing during a period of consolidation, highlighting the potential for a breakout.
How it Works
Median Line Calculation: The indicator calculates the median line using a user-defined period. This line serves as the central reference point from which the standard deviations are calculated. By using the median line instead of just the close price, the indicator provides a more stable and reliable baseline for identifying support and resistance areas.
Standard Deviation Bands: Around the median line, the indicator calculates multiple standard deviation bands. These bands represent areas where price is statistically likely to find support or resistance. By focusing on these areas, traders can better anticipate where price might react, rather than relying on arbitrary levels.
Dynamic Box Creation and Expansion Detection: The indicator monitors the compression and expansion of the standard deviation bands. During periods of low volatility (squeeze), the bands compress, indicating consolidation. Once the bands start expanding, it signals the potential for a breakout. At this point, the indicator dynamically creates predictive order blocks based on the selected standard deviation range. These blocks highlight key levels where price might retrace or react, providing traders with valuable entry and exit points.
Color-Coded Proximity Alerts: To further enhance usability, the indicator uses color gradients to indicate how close the current price is to the calculated bands. This visual representation helps traders quickly assess the potential significance of the price's current position relative to the support and resistance areas.
In the example below, the indicator shows the bands expanding with the price, triggering the formation of the predictive order block.
In the final example, the price retraces into the order block before bouncing back to the upside, demonstrating the effectiveness of the identified support area.
Alerts
Trend Line Alerts: The indicator provides alerts when the price crosses above or below the trend line (median line). This feature is crucial for traders looking to identify potential trend changes early, allowing them to act quickly on emerging opportunities.
Band Alerts: Alerts are also triggered when the price crosses above or below the upper or lower bands for each standard deviation level. This helps traders identify potential breakout or breakdown scenarios, ensuring they are notified of significant market movements as they happen.
Customisable Alert Conditions: To cater to different trading strategies, the indicator allows users to set alert conditions for each standard deviation band and the trend line. This level of customisation ensures that traders receive alerts that are relevant to their specific trading style and market analysis.
Application
Strategic Decision-Making: The Predictive Order Blocks Indicator assists traders in making informed decisions by providing detailed analysis of potential breakout zones. By identifying key support and resistance areas, the indicator helps traders plan their entries and exits with greater precision.
Trend Confirmation: The indicator reinforces trading strategies by identifying key levels where price is likely to react. This confirmation is crucial for traders looking to enter trades with higher confidence.
Customized Analysis: The indicator adapts to various trading styles with extensive input settings that control the display and calculation of order blocks. Whether you're a day trader, swing trader, or long-term investor, the indicator can be tailored to meet your specific needs.
Visual Clarity: With customizable color settings and display options, the indicator enhances chart readability, allowing traders to quickly and easily interpret market data.
The Predictive Order Blocks Indicator by CryptoSea is an invaluable addition to a trader's toolkit, offering depth and precision in market trend analysis to navigate complex market conditions effectively.
Ultimate Bands [BigBeluga]Ultimate Bands
The Ultimate Bands indicator is an advanced technical analysis tool that combines elements of volatility bands, oscillators, and trend analysis. It provides traders with a comprehensive view of market conditions, including trend direction, momentum, and potential reversal points.
🔵 KEY FEATURES
● Ultimate Bands
Consists of an upper band, lower band, and a smooth middle line
Based on John Ehler's SuperSmoother algorithm for reduced lag
Bands are calculated using Root Mean Square Deviation (RMSD) for adaptive volatility measurement
Helps identify potential support and resistance levels
● Ultimate Oscillator
Derived from the price position relative to the Ultimate Bands
Oscillates between overbought and oversold levels
Provides insights into potential reversals and trend strength
● Trend Signal Line
Based on a Hull Moving Average (HMA) of the Ultimate Oscillator
Helps identify the overall trend direction
Color-coded for easy trend interpretation
● Heatmap Visualization
Displays the current state of the oscillator and trend signal
Provides an intuitive visual representation of market conditions
Shows overbought/oversold status and trend direction at a glance
● Breakout Signals
Optional feature to detect and display breakouts beyond the Ultimate Bands
Helps identify potential trend reversals or continuations
Visualized with arrows on the chart and color-coded candles
🔵 HOW TO USE
● Trend Identification
Use the color and position of the Trend Signal Line to determine the overall market trend
Refer to the heatmap for a quick visual confirmation of trend direction
● Entry Signals
Look for price touches or breaks of the Ultimate Bands for potential entry points
Use oscillator extremes in conjunction with band touches for stronger signals
Consider breakout signals (if enabled) for trend-following entries
● Exit Signals
Use opposite band touches or breakouts as potential exit points
Monitor the oscillator for divergences or extreme readings as exit signals
● Overbought/Oversold Analysis
Use the Ultimate Oscillator and heatmap to identify overbought/oversold conditions
Look for potential reversals when the oscillator reaches extreme levels
● Confirmation
Combine Ultimate Bands, Oscillator, and Trend Signal for stronger trade confirmation
Use the heatmap for quick visual confirmation of market conditions
🔵 CUSTOMIZATION
The Ultimate Bands indicator offers several customization options:
Adjust the main calculation length for bands and oscillator
Modify the number of standard deviations for band calculation
Change the signal line length for trend analysis
Toggle the display of breakout signals and candle coloring
By fine-tuning these settings, traders can adapt the Ultimate Bands indicator to various market conditions and personal trading strategies.
The Ultimate Bands indicator provides a multi-faceted approach to market analysis, combining volatility-based bands, oscillator analysis, and trend identification in one comprehensive tool. Its adaptive nature and visual cues make it suitable for both novice and experienced traders across various timeframes and markets. The integration of multiple analytical elements offers traders a rich set of data points to inform their trading decisions.
ICT Propulsion Block [LuxAlgo]The ICT Propulsion Block indicator is meant to detect and highlight propulsion blocks, which are specific price structures introduced by the Inner Circle Trader (ICT).
Propulsion Blocks are essentially blocks located where prices interact with preceding order blocks. Traders often utilize them when analyzing price movements to identify potential turning points and market behavior or areas of interest in the market.
🔶 USAGE
An order block is a significant area on a price chart where there was a notable accumulation or distribution of orders, often identified by a strong move in price followed by a consolidation or sideways movement. Traders use order blocks to identify potential support or resistance levels.
A Propulsion Block, on the other hand, is a concept taught by the Inner Circle Trader (ICT) and refers to a specific type of order block that interacts with the preceding order block. Traders often analyze propulsion blocks to identify potential turning points and areas of interest in the market.
A mitigated order block refers to an order block that has been invalidated or nullified due to subsequent market movements or developments. It no longer holds the same significance or relevance in the current market context.
Let's explore a bearish order block and propulsion block scenario commonly utilized by ICT traders in their trading strategies.
🔶 SETTINGS
🔹 Order & Propulsion Blocks
Swing Detection Length: Lookback period used to detect swing points for creating order blocks and/or propulsion blocks.
Mitigation Price: Allows users to choose between the closing price or the candle's wick for mitigation.
Highlight Propulsion Block Signals: Highlights the propulsion block and its sentiment for easier identification and analysis.
Remove Unassociated Order Blocks: Eliminate order blocks that are not associated with any propulsion block.
Remove Mitigated Blocks: Eliminates mitigated order blocks and propulsion blocks along with their associated order blocks, streamlining the visualization for clearer analysis.
Most Recent Blocks: Activates processing of the specified number of most recent blocks according to the option. If not enabled, the script defaults to processing the last 125 occurrences.
🔹 Order & Propulsion Blocks Style
Bullish Order & Propulsion Blocks: Toggles the visibility of bullish order and propulsion blocks, along with color customization options.
Bearish Order & Propulsion Blocks: Toggles the visibility of bearish order and propulsion blocks, along with color customization options.
Block Labels: Toggles the visibility of order and propulsion block labels, and label size customization option.
🔶 RELATED SCRIPTS
Order-Blocks-Breaker-Blocks .
Moving Average Bands with Signals [UAlgo]The "Moving Average Bands with Signals combines various moving average types with ATR-based bands to help traders identify potential support and resistance levels.
It plots moving average bands with upper and lower support/resistance levels based on the Average True Range (ATR) and user-defined settings.Additionally, the script generates buy/sell signals based on price crossing above or below the bands.
🔶 Key Features
Multiple Moving Average Types:
Supports various moving average calculations including Arnaud Legoux Moving Average (ALMA), Exponential Moving Average (EMA), Double Exponential Moving Average (DEMA), Triple Exponential Moving Average (TEMA), Kaufman Adaptive Moving Average (KAMA), Hull Moving Average (HMA), Least Squares Moving Average (LSMA), Simple Moving Average (SMA), Triangular Moving Average (TMA), Volume-Weighted Moving Average (VWMA), Weighted Moving Average (WMA), and Zero-Lag Moving Average (ZLMA).
Customizable ATR Bands:
Integrates the Average True Range (ATR) to calculate dynamic support and resistance bands around the moving average. The multiplier for the bands is user-adjustable, allowing for finer control over the sensitivity and width of the bands.
Signal Generation:
Provides visual signals on the chart when the price interacts with the support or resistance bands. Users can choose between using the wick or the close price to generate these signals, adding an extra layer of customization based on their trading style.
Flexible Input Parameters:
Allows users to input parameters for moving average length, ATR length, band multiplier, and signal type. Additional settings are available for specific moving average types, such as ALMA's offset and sigma, KAMA's fast and slow periods, and LSMA's offset.
🔶 Disclaimer
This script is provided for educational purposes only and should not be considered financial advice.
Trading financial instruments involves substantial risk and can result in significant financial losses.
The script’s performance in the past is not indicative of future results, and no guarantees are made regarding its accuracy, reliability, or performance.
Trend Strength Signals [AlgoAlpha]🌟Introducing the Trend and Strength Signals indicator by AlgoAlpha ! This tool is designed to help you identify trends and gauge market strength with precision and ease. 📈🚀
🛠 Customizable Parameters : Adjust the period, standard deviation multiplier, gauge size, and colors to fit your trading style.
📊 Trend Detection : Visualize trends with clear color-coded signals for uptrends and downtrends.
📈 Strength Gauge : Assess market strength with a dynamic gauge that adapts to the current price action.
🔔 Alerts : Set alerts for bullish and bearish trend crossovers and take profit points to stay ahead of the market.
🎨 Visual Enhancements : Enjoy a clutter-free chart with the integration of plot shapes, color fills, and gradient gauges.
🚀 Quick Guide to Using the Trend and Strength Signals Indicator
Maximize your trading with the Trend and Strength Signals indicator by following these streamlined steps! 🎯✨
🛠 Add the Indicator : Add the indicator to your favorites. Customize settings like period, standard deviation multiplier, and colors to fit your trading style.
📊 Market Analysis : Observe the color-coded candles and gauge to understand market trend direction and strength. Use the alerts for key trading signals.
🔔 Alerts : Enable notifications for trend crossovers and take profit points to catch trading opportunities without constantly monitoring the chart.
⚙️ How it works
This indicator calculates the moving average and standard deviation of the closing price over a customizable period to identify the upper and lower bounds. When the price crosses these bounds, it signals an uptrend or downtrend. The gauge measures market strength by comparing the price to the moving average and scaling it over a customizable range, while the underlying logic uses concepts from the Bollinger Bands, this indicator gives a unique perspective on price behavior through added features and signals derived from it.
Unleash the power of trend and strength analysis with this comprehensive indicator! Happy trading! 🚀📈✨
Breakouts with Tests & Retests [LuxAlgo]The Breakouts Tests & Retests indicator highlights tests and retests of levels constructed from detected swing points. A swing area of interest switches colors when a breakout occurs.
Users can control the sensitivity of the swing point detection and the width of the swing areas.
🔶 USAGE
When a Swing point is detected, an area of interest is drawn, colored green for a bullish swing and red when bearish.
A test is confirmed when the opening price is situated in the area of interest, and the closing price is above or below the area, depending on whether it is a bullish or bearish swing. Tests are highlighted with a solid-colored triangle.
A breakout is confirmed when the price closes in the opposite position, below or above the area, in which case the area will switch colors.
If the opening price is located within the area and the closing price closes outside the area, in the same direction as the breakout, this is considered a retest . Retests are highlighted with a hollow-colored triangle.
Note that tests/retests do not act on wicks. The main factor is that the opening price is in the area of interest, while the closing price is outside.
🔹 Area Of Interest Width
The user can adjust the width of the swing areas. Changing the " Width " is a fast and easy way to find different areas of interest.
A higher "Multiple" setting would return a wider area, allowing price to develop within it for a longer period of time and potentially provide later test signals.
When a swing area is broken, a higher "Width" setting can make it more complicated for the price to break it again, allowing a swing area to remain valid for a longer period of time thus potentially providing more retest signals.
🔶 DETAILS
Generally, only one bullish/bearish pattern can be active at a time. This means that no more than 1 bullish or bearish area will be active.
The " Display " settings, however, can help control how areas of different types are displayed.
Bullish AND Bearish: Both, bullish and bearish patterns can be drawn at the same time
Bullish OR Bearish: Only 1 bullish or 1 bearish pattern is drawn at a time
Bullish: Only bullish patterns
Bearish: Only bearish patterns
🔹 Test/Retest Labels
The user can adjust the settings so only the latest test/retest label is shown or set a minimum number of bars until the next test/retest can be drawn.
🔹 Maximum Bars
Users can set a limit of bars for when there is no test/retest in that period; the area of interest won't be updated anymore and will be available and ready for the next Swing.
An option for pulling the area back to the last retest is included.
🔶 SETTINGS
Display: Determines which swing areas are displayed by the indicator. See the "DETAILS" section for more information
Multiple: Adjusts the width of the areas of interest
Maximum Bars: Limit of bars for when there is no test/retest
Display Test/Retest Labels: Show all labels or just the last test/retest label associated with a swing area
Minimum Bars: Minimum bars required for a subsequent test/retest label are allowed to be displayed
Set Back To Last Retest: When after "Maximum Bars" no test/retest is found, place the right side of the area at the last test/retest
🔹 Swings
Left: x amount of wicks on the left of a potential Swing need to be higher/lower for a Swing to be confirmed.
Right: The number of wicks on the right of a potential swing needs to be higher/lower for a Swing to be confirmed.
🔹 Style
Bullish: color for test period (before a breakout) / retest period (after a breakout)
Bearish: color for test period (before a breakout) / retest period (after a breakout)
Label Size
Entry Fragger - Strategy
For basic instructions please visit my other script "Entry Fragger".
The Signal Logic is explained there.
v1.4:
- Added advanced backtesting with fully customizable entries.
- Fully automated Buy Signals (profitable).
- Adjustable timeframes for signal logic. (requested)
Every setting affects the accuracy and profitability greatly now, based on settings applied.
The strategy performs best on high timeframes with larger capital and no leverage.
Useless for Forex, but absolutely smashes stocks and crypto on mid to high timeframes.
Please read through my other scripts description.
Set values as preferred and try your assets.
It does NOT work on low timeframes and forex!
Hint: BTC 4H, Custom Timeframe 1h, Moon Mode and Show Sell Signals enabled, R2R: 2.
MTF Williams Vix Market Bottoms [CryptoSea]MTF Williams Vix Fix Indicator is a dynamic tool tailored for traders looking to capture market extremes with high precision. This multi-timeframe indicator leverages the concept of the Williams Vix Fix to spot potential reversals before they occur.
Key Features
Multi-Timeframe Analysis: Provides simultaneous visibility across multiple timeframes, enabling traders to assess market conditions comprehensively from a single chart.
Advanced Volatility Detection: Utilizes a modified Vix Fix formula to highlight extreme price deviations, which often precede significant market reversals.
Customizable Settings: Offers extensive input options to tweak the lookback periods, percentile thresholds, and visibility settings, aligning with various trading strategies.
Visual Band Indicators: Features upper bands and range highs that signal potential overbought and oversold conditions, enhancing trading decision-making.
Below, you can see how the indicator performs across different timeframes, providing valuable insights into market behavior.
How it Works
Vix Fix Calculation: Determines the worst-case 'panic' sell-offs in price as a percentage of the high, capturing the emotional extremes of the market.
Statistical Bands: Employs Bollinger bands over the Vix Fix values to define normal and extreme volatility conditions.
Color-Coded Indicators: Uses color differentiation to instantly highlight when readings surpass critical upper band or range high thresholds, signaling key trading opportunities.
For instance, in the analysis provided below, notice how the indicator flags significant market moves, allowing traders to anticipate potential entry or exit points.
Application
Risk Management: Aids in identifying extreme market conditions where prices may revert, helping in effective position sizing and risk management.
Strategic Planning: Enhances strategic trading plans by identifying not only when but also where market extremes may occur, considering multiple timeframes.
Customization: Adapts seamlessly to different market environments with adjustable settings for volatility thresholds and visual display preferences.
The MTF Williams Vix Fix Indicator by is an essential tool for traders aiming to leverage market volatility for optimal entry and exit, ensuring they are well-equipped to handle market extremes with confidence.
MTF Supertrend [CryptoSea]The MTF Supertrend Indicator is a versatile tool crafted to enhance trend analysis across multiple timeframes. Leveraging the reliable Supertrend formula, it provides traders with a comprehensive view of market trends and potential reversal points.
Key Features
Multi Timeframe Analysis: Tracks Supertrend signals over a variety of timeframes, offering a broad perspective on market direction.
Percentage Threshold Display: Filters out Supertrend data that is not within a specified percentage of the current price, keeping the display focused on relevant trends.
Adaptive Visual Display: Features a dynamic table that shows the current Supertrend status, which is fully customizable to the user's display preferences.
Customizable Sensitivity: Users can fine-tune the factor and ATR period settings, allowing for personalized trend sensitivity.
How it Works
Supertrend Calculation: Computes the Supertrend using the Average True Range (ATR) multiplied by a customizable factor, detecting changes in volatility and trend.
Higher Timeframe Filtering: Prioritizes higher timeframe trends over the current chart's timeframe to avoid chart clutter and focus on the most significant trends.
Colour-Coded Trends: Utilizes colour coding to clearly indicate bullish and bearish trends, aiding quick visual analysis.
Responsive Display Options: Includes a switchable table view to overlay trend information on the chart, with options for dark and light themes.
Benefits for Different Trading Styles
Day Traders: Use real-time updates to catch short-term trend reversals and ride the momentum for quick profits.
Swing Traders: Benefit from viewing medium to long-term trends to formulate strategies that span several days or weeks.
Position Traders: Utilize the monthly supertrend data to make long-term investment decisions based on prevailing market directions.
Application
Strategic Decision-Making: Assists traders in making informed decisions by providing a layered view of trend directions across timeframes.
Trend Confirmation: Reinforces trading strategies by confirming trends with higher timeframe Supertrend alignment.
Customized Analysis: Adapts to various trading styles with input settings that control the display and sensitivity of trend data.
The MTF Supertrend Indicator by is a powerful addition to the trader's toolkit, enhancing multi-timeframe trend analysis and contributing to a strategic trading approach in volatile markets.
Entry FraggerEntry Fragger is a simple buy signal indicator.
It is most suitable for cryptocurrency, especially for altcoins on the 5 minute to daily timeframe and is based on simple volume calculations, in combination with EMA's.
Main Signal Logic explained:
A buy signal is generated by counting candles with an above average sell volume of 130% to 170%, taking into account the candles position below and above the 50 and 200 EMA.
If criteria meet, the first green candle above the 50 EMA's suggests upcoming higher prices.
The indicator has 2 input variables.
"Signal Confirmations (0 - 7):" Changes signal accuracy by a defining an ammount of high sell volume candles necessary below the 50 EMA.
"Volume Calculation Base (9 - 200):" Sets the exponential volume multiplier, this affects candle coloring and the volume calculation inside the candle.
"Style Settings": Turn ON/OFF Signals, Cloud, Bar Coloring, EMA's, etc...
There are no generally suitable default numbers for those 2 inputs, those have to be tested out, depending on cryptocurrency and timeframe.
The calculation is very basic, the underlying idea being, market maker initiating range breakouts through rapid increase of volume above or below the EMA's .
Example settings:
SOLUSDT: Signal Confirmations: 2, Volume Calculation Base 13.
SOLUSDT: Signal Confirmations: 0, Volume Calculation Base 20.
As you can see it affects signals quite a lot, but staying accurate.
Finetune the inputs to your preference.
Risk to Reward, Stoploss, Take Profit, position sizing, etc... is up to the user.
Recommended entry is to wait for following candle closes, entering half of the candle size and setting Stoploss outside the structure, like this:
Or right below the candles open, for safety.
Market Forecast w/ Signals [QuantVue]The Market Forecast With Signals Indicator is an upgraded version of the popular ThinkorSwim platforms Market Forecast. This upgraded version utilizes stochastic oscillators, moving averages, and momentum calculations to find potential buying and selling opportunities.
Stochastic Oscillator
The indicator calculates three variations of the Fast Stochastic Oscillator for different time periods:
🔹Intermediate: Calculated over a medium-term period (default 31 bars).
🔹Momentum: Calculated over a short-term period (default 5 bars).
🔹Near Term: Calculated over a very short-term period (default 3 bars).
These calculations involve finding the highest and lowest values within their respective periods and comparing the current close to this range.
Moving Average Smoothing
The results of the Fast Stochastic Oscillator for the Intermediate and Near Term are then smoothed using a Simple Moving Average (SMA):
🔹Intermediate: 5-period SMA of the Intermediate Stochastic Oscillator.
🔹Near Term: 2-period SMA of the Near Term Stochastic Oscillator.
Momentum Indicator
A custom momentum calculation is performed, using the recent high and low prices over four periods.
Display
The indicator plots the smoothed Intermediate, Near Term, and custom Momentum calculations as separate lines on the chart.
Trading Signals
While the original indicator plots the lines mentioned above, the Market Forecast w/ Signals goes a step further by identifying key moments when nuanced signals fire. The built in alerts and visual aids make spotting these trading opportunities a breeze.
Clusters - Bullish and Bearish clusters are identified based on the convergence of all three lines (Intermediate, Near, and Momentum) above 80 (Bearish) or below 20 (Bullish).
The background color of the chart changes to indicate these clusters, aiding in quick identification of market extremes.
Trend Reversals - Marked with labels on the chart, this is based on the direction of the cluster (bullish or bearish) and the subsequent price movement crossing a threshold determined during the cluster formation.
Divergences - Divergences between the Near Term line and price highs/lows are detected using pivot points. These divergences are then plotted as lines on the chart, highlighting potential discrepancies between price action and momentum, which can signal reversals.
Indicator Features:
🔹Custom Colors
🔹Show/Hide Signals
🔹Alerts
Give this indicator a BOOST and COMMENT your thoughts!
We hope you enjoy.
Cheers!
WHALE SIGNAL 4H
WHALE SIGNAL 4H BASED ON VOLUME CHANGE AND MOVING AVERAGE
This script aims to highlight potential whale signals on the 4-hour timeframe by analyzing volume changes, and it provides options for customization through input parameters. Whale signals are then displayed on the chart with different colors for the last hit and the previous hits. The Detector parameter adds flexibility to consider neighboring bars in the detection process, Let's break down the key components:
1/The script defines input parameters that users can customize:
-VCH (Volume Change on 4H candle) with a default value of 3, 3 times the MA Value.
-Length_240 (Moving Average length for the last 21 bars on the 4-hour timeframe).
-Detector (a boolean parameter to enable or disable whale detection in the previous or next bar).
2/Logic Section:
The script defines a function bar(hit) to convert the bar index based on the timeframe.
It calculates the Volume Change (whale signal) by comparing the current volume with a threshold (VCH * vma).
The Detector parameter allows for flexibility in detecting whale signals in neighboring bars.
3/ Plotting Section:
The script defines a function is_whale() to check if there is a whale signal and if it occurred in the last three bars.
It uses the plot function to display whale signals on the chart with different colors and offsets.
Open-Close Difference Signalopen close signal This code will plot an upward triangle shape at the low of the candle when either the difference between open and close or the difference between close and open is above 45 points. This can be considered a buy signal. Adjust the threshold value as needed using the script's settings on TradingView.
TTP Green/Red Consecutive CandlesThis indicator counts consecutive green/red candles offering some basic statistics and signals/alerts.
Features
- Counts consecutive green/red candles in an oscillator chart
- Moving average of the counting helps spotting when the consecutive candles are away from the mean. MA length and multiplier to adjust the signal sensitivity.
- Thresholds can be set to backtest and send alerts on any number of arbitrary consecutive candles of the same color.
- All time highs: the indicator keeps track of when the maximum has been reached
- Distribution data: the number of times each number of consecutive color candles has been reached is offered
Signals
- Threshold signal triggers when the number of candles of the same color is above the specified threshold.
- MA cross signal triggers when the number of candles of the same color is above the MA.
Support and Resistance Signals MTF [LuxAlgo]The Support and Resistance Signals MTF indicator aims to identify undoubtedly one of the key concepts of technical analysis Support and Resistance Levels and more importantly, the script aims to capture and highlight major price action movements, such as Breakouts , Tests of the Zones , Retests of the Zones , and Rejections .
The script supports Multi-TimeFrame (MTF) functionality allowing users to analyze and observe the Support and Resistance Levels/Zones and their associated Signals from a higher timeframe perspective.
This script is an extended version of our previously published Support-and-Resistance-Levels-with-Breaks script from 2020.
Identification of key support and resistance levels/zones is an essential ingredient to successful technical analysis.
🔶 USAGE
Support and resistance are key concepts that help traders understand, analyze and act on chart patterns in the financial markets. Support describes a price level where a downtrend pauses due to demand for an asset increasing, while resistance refers to a level where an uptrend reverses as a sell-off happens.
The creation of support and resistance levels comes as a result of an initial imbalance of supply/demand, which forms what we know as a swing high or swing low. This script starts its processing using the swing highs/lows. Swing Highs/Lows are levels that many of the market participants use as a historical reference to place their trading orders (buy, sell, stop loss), as a result, those price levels potentially become and serve as key support and resistance levels.
One of the important features of the script is the signals it provides. The script follows the major price movements and highlights them on the chart.
🔹 Breakouts (non-repaint)
A breakout is a price moving outside a defined support or resistance level, the significance of the breakout can be measured by examining the volume. This script is not filtering them based on volume but provides volume information for the bar where the breakout takes place.
🔹 Retests
Retest is a case where the price action breaches a zone and then revisits the level breached.
🔹 Tests
Test is a case where the price action touches the support or resistance zones.
🔹 Rejections
Rejections are pin bar patterns with high trading volume.
Finally, Multi TimeFrame (MTF) functionality allows users to analyze and observe the Support and Resistance Levels/Zones and their associated Signals from a higher timeframe perspective.
🔶 SETTINGS
The script takes into account user-defined parameters to detect and highlight the zones, levels, and signals.
🔹 Support & Resistance Settings
Detection Timeframe: Set the indicator resolution, the users may examine higher timeframe detection on their chart timeframe.
Detection Length: Swing levels detection length
Check Previous Historical S&R Level: enables the script to check the previous historical levels.
🔹 Signals
Breakouts: Toggles the visibility of the Breakouts, enables customization of the color and the size of the visuals
Tests: Toggles the visibility of the Tests, enables customization of the color and the size of the visuals
Retests: Toggles the visibility of the Retests, enables customization of the color and the size of the visuals
Rejections: Toggles the visibility of the Rejections, enables customization of the color and the size of the visuals
🔹 Others
Sentiment Profile: Toggles the visibility of the Sentiment Profiles
Bullish Nodes: Color option for Bullish Nodes
Bearish Nodes: Color option for Bearish Nodes
🔶 RELATED SCRIPTS
Support-and-Resistance-Levels-with-Breaks
Buyside-Sellside-Liquidity
Liquidity-Levels-Voids
MACD 3D with Signals [Quantigenics]Quantigenics MACD 3D with Buy Sell Signals is a MACD-based trading indicator that aims to identify market trends and potential turning points, for Buy/Sell opportunities, by leveraging price data and volatility.
Unlike the traditional MACD indicator, the average price is calculated from the high, low, and close prices, from which a specialized MACD value is derived. This MACD value, combined with an average and standard deviation, takes into account volatility, and is used to generate an upper and lower boundary.
The indicator color-codes market trends: aqua indicates upward trends (signifying increased buying pressure), red suggests downward trends (increased selling pressure). When the MACD value crosses above the upper boundary or falls below the lower boundary, the color changes to yellow indicating a possible reversal point and "Momentum Crossover Signals" can be plotted at this point. "Standard Signal" arrows can also plotted when the MACD 3D changes from auqa to red and vice-versa.
A trendline is drawn at the median value, providing a baseline for comparison. A differential value, which measures the distance between the MACD value and the median line, provides additional insight into the price's deviation from this baseline (divergences from the underlying price can be spotted using this data as well). The differential is color-coded: green when MACD is above the median, and red when it's below, with darker shades representing a decreasing gap.
Alerts can be set to trigger with the "Standard Signal" arrows appearing after MACD 3D changes from auqa to red and vice-versa and when the "Momentum Crossover Signal" arrows appear when the MACD value crosses above the upper boundary or falls below the lower boundary indicating a potential reversal. Providing immediate notifications which can be especially helpful in larger time frames where it may take time for a trade setup to develop.
CME_MINI:NQ1!
OANDA:XAUUSD
Enjoy the MACD 3D indicator. Happy Trading!
MACD Fake Filter [RH]Introducing a new indicator for the TradingView community based on the MACD indicator! This innovative tool goes beyond traditional MACD signals by analyzing positive and negative waves to determine the average height of the waves to filter false cross-over or cross-under signals during the sideways market.
There are two types of waves created by the MACD line, one is a positive wave above the "zero" line and another is a negative wave below "zero" line. Each wave has peaks. This indicator will find the average height of the positive waves' peaks and plot as a green line(by default). Vice-versa it will also find the average height of the negative waves' peaks and plot as a red line(by default).
Example :
This indicator will show labels when the MACD line crosses-under the MACD signal line above the average height of the positive waves.
Vice-versa, the indicator will show labels when the MACD line crosses-above the MACD signal line below the average height of the negative waves.
Example:
Alerts are also available for these types of cross-over and cross-under.
Enhanced Parabolic SAR + EMA 200 + MACD SignalsParabolic SAR + EMA 200 + MACD Signals Indicator is a popular technical analysis tool used by traders to identify potential entry and exit points in the market. It combines three widely used indicators: Parabolic SAR, EMA 200, and MACD.
The Parabolic SAR indicator helps determine potential price reversals. It places dots above or below the price chart to indicate the direction of the trend. When the dots are below the price, it suggests an upward trend, and when they are above the price, it indicates a downward trend.
The EMA 200 (Exponential Moving Average 200) is a moving average that gives more weight to recent price data. It is often used as a significant support or resistance level. Traders consider the price to be in an uptrend if it is above the EMA 200 and in a downtrend if it is below the EMA 200.
The MACD (Moving Average Convergence Divergence) is a trend-following momentum indicator that calculates the difference between two exponential moving averages. It consists of a MACD line and a signal line. When the MACD line crosses above the signal line, it generates a bullish signal, indicating a potential buying opportunity. Conversely, when the MACD line crosses below the signal line, it generates a bearish signal, suggesting a potential selling opportunity.
To use the MACD-Parabolic SAR-EMA200 Indicator for trading, you can follow these guidelines:
Buy conditions:
1. The price should be above the EMA 200.
2. The Parabolic SAR should indicate an upward trend (dots below the price).
3. The MACD delta (the difference between the MACD line and the signal line) should be positive.
Sell conditions:
1. The price should be below the EMA 200.
2. The Parabolic SAR should indicate a downward trend (dots above the price).
3. The MACD delta should be negative.
By combining these three indicators, traders can gain additional confirmation of the overall trend direction and make more informed trading decisions. However, it's important to note that no indicator guarantees successful trades, and it's always advisable to use additional analysis and risk management techniques in conjunction with technical indicators.
EMA ProHi Traders!
This Improved EMA Cross Pro Indicator does a few things that Ease Up Our Charting.
Personally it Saved me Tons of Time searching for structure highs / lows, measuring ranges and distances from my entry to stop or take profit.
It's like having most of your trade in front of you, charted for you.
Works Across Assets & Time Frames.
The Functions
1. Signals EMA Crosses - green for Bull Cross & Red for Bear Cross
2. Signals Touches to the 55 EMA
a. In a Bull Cross it will only signal touches and closes Above the 55
b. In a Bear Cross it will only signal touches and closes Under the 55
3. Plots Current Horizontals:
a. The current position of the 55
b. The last High & Low
4. Calculation:
a. % from the 55 to the High & Low
b. Risk / Reward Ratio ("Bad Risk Management" message appears if ratio is not favorable)
c. Over Range between the Low and the High
5. Labels - Current prices for all horizontals marked as Entry, Exit & Stop
Notes:
* This Indicator is Interchanging between bull and bear crosses, it recognizes the trend and adapts its high and low output.
* You Can and Should make your personal changes. everything can be changed in the settings inputs.
* You can Turn On & Off most functions in the settings inputs.
BYBIT:BTCUSDT.P
TTP OI + LS signal filterThis oscillator helps filtering specific conditions in the market based on open interest (OI) and the ratio of longs and shorts (LS) for crypto assets.
Currently it works with BINANCE:BTCUSDT.P but soon I'll be adding support for more assets.
It flags areas of interest like:
- Too many longs, too many shorts in the market
- Open interest too high or too low
It accepts an external signal as a source in which case filters can be applied to the original signal. For example the external signal might trigger and plot a 1 when RSI break below 70. By connecting such signal with this oscillator you'll be able to only pass-through the ones that occur when any of the areas of interest mentioned above are also valid.
If both filter are applied it acts as an OR. For example, if too many longs and too many shorts are active, it will pass through the signal in either condition.
The results of the original signal filtered is printed to be able to later use it in any external backtester strategy that accepts external sources too.
If external source signal is disabled it will trigger any time the combined filters are returning true.
Open interest and the ratio of longs/shorts is considered too high whenever the stochastic RSI calculation of the OI or ratio LS reaches a level above 80 and too low when below 20
The ratio of long/shorts is calculated by dividing the ratio of longs vs shorts from BITFINEX:BTCUSDLONGS and BITFINEX:BTCUSDSHORTS
Swing BoxesHey, folks!
Sorry for not posting anything for such a long time. Don't have enough ideas and resources to get inspiration, so trying to brainstorm good stuff in my free time from university studies.
But despite my absence more I now have 300+ people subscribed to me! Thanks, guys, for keeping interest for my work, as I still do value each boost on my script, for real :)
So here is new script , enjoy!
Swing Boxes is pretty simple indicator, which plots signals with "boxes", that help you determine price targets.
What is the idea behind?
I wanted to make indicator, that could help me make swing trades with nice accuracy (as all we want, lol), and for signal criteria I decided to use highs and lows of the price . Then I started coding some ideas to see which of them could be worthy. And, actually, Swing Boxes appeared to be good. But the thing is, that I didn't intend to build them, they appeared as an anomaly from my code :)
I started to explore this anomaly (it looked super cool, but was repainting hard) to fix it and I succeeded, now Swng Boxes don't repaint.
The main idea is that when price goes above it's highest value of p-bars back or below it's lowest value p-bars back, then there is a some god probability, that price will continue to follow current direction.
And the things about Swing Boxes is that when there is a good trend movement, the boxes become super small to track price movement and when price breaks out in the counter-trend direction, then you will be able to almost perfectly catch a top or a bottom! But most of the signals won't be so high-quality, so don't think that is this some holy grail to trade swing-trading, because it is not.
Signal logic
Quick hint:
- epsilon(variable e ) = ATR * ATR_Factor . It is used to determine box's sensitivity to price changes.
If previous close is higher than variable, which contains previous HIGHEST value (variable h in the code), then update the this variable by taking up-to-date highest value and add epsilon( e ) to it;
If previous close is lower than variable, which contains previous LOWEST value (variable l in the code), then update the this variable by taking up-to-date lowest value and substract epsilon( e ) from it.
Variables decribed above ( h and l ) are box's top and bottom respectively, so if price cross them, it is logical to update it is value.
Settings and what is what
Swing Box Period - numbers fo bars in the past to find highest and lowest price from. The bigger the input, the bigger the boxes will be;
ATR Period;
ATR Factor - multiplier for ATR, determines sensitivity for price changes. The bigger this input, the more accurate signals will be, but less the probability that the signal will be on the top or a bottom.
Show Boxes? - when chosen, plots box's top and bottom. Used to determine price targets.
Show Baseline? - when chosen, plot's baseline, which midline between box's top and bottom.
How to use?
This indicator plots green and red triangles by default.
- Green triangle --> Buy ;
- Red triangle --> Sell ;
As I've said before, many signals from indicator will probably be garbage, so you need to tune settings for youself, so it could satisfy you .
You can enable showing boxes to see box's top and bottom. Box's bottom --> your entry, top --> your profit target.
If you find a way to sort bad signals, you will be able to trade with super cool RR, because the signal from Swing Boxes appear to be a good one, there is almost 95% probability, that price will not even come close to your stop loss, so you can trade with super small stop-losses! Smaller stop-loss --> smaller risk --> smaller loss --> bigger profit, it is that easy.
Also you can enable baseline to use at as your 1st TP, and box's top/bottom as 2nd TP, closing 25% on TP1 and the rest on TP2 (but that is just mine recommendation, you can use different RM (risk-management), if you want).
Also you can use baseline as your S/R (Support/Resistance) line, test it out on your charts.
And please, hear me out: as all other indicators out here on the TradingView, Swing Boxes ARE NOT meant to be traded in solo! Many bad signal can go in a row, so PLEASE find your way to filter out bad signals with other indicators.
You can see here the example of a garabge-class signal in a row, so be don't be deluded!
I do hope that somebody will suggest and idea to improve this thing, as I personally don't have enough time to think about it because of my university studies, but I will probably try it make this thing better throughout the time.
And that's it for now, folks! If you have any ideas for scripts, strategies or anything else, feel free to DM me or leave a comment, I will check it.
Hope you will find this script useful.
Take your profits!
- Tarasenko Fyodor
