1 (or) 5-Minute Scalping Strategy - KGP1-Minute Scalping Strategy - KGP
Overview: This indicator is designed for short-term traders who engage in 1 (or) 5-minute scalping. It combines several technical analysis tools to provide buy and sell signals, helping traders make informed decisions quickly.
Key Features:
VWAP (Volume Weighted Average Price):
Purpose: VWAP provides the average price a security has traded at throughout the day, based on both volume and price.
Usage: Helps identify the overall trend and potential entry points. When the price is above VWAP, it indicates a bullish trend; when below, it indicates a bearish trend.
RSI (Relative Strength Index):
Purpose: RSI measures the speed and change of price movements, indicating overbought or oversold conditions.
Usage: The RSI values between 30 and 70 are used to filter trades. A value above 70 indicates overbought conditions, while below 30 indicates oversold conditions.
Custom OBV (On Balance Volume):
Purpose: OBV uses volume flow to predict changes in stock price.
Usage: Helps confirm the strength of a trend. Increasing OBV indicates accumulation (buying pressure), while decreasing OBV indicates distribution (selling pressure).
Multi-Timeframe Analysis:
Purpose: Confirms signals by analyzing RSI on a higher timeframe (5-minute chart).
Usage: Ensures that signals on the 1-minute chart align with the broader trend on the 5-minute chart, reducing false signals.
Signals:
Buy Signal:
Triggered when the price crosses above the VWAP, and the RSI is between 50 and 70 on both the 1-minute and 5-minute charts.
Visual Cue: A green “BUY” label appears below the bar.'
Sell Signal:
Triggered when the price crosses below the VWAP, and the RSI is between 30 and 50 on both the 1-minute and 5-minute charts.
Visual Cue: A red “SELL” label appears above the bar.
Alerts:
Buy Alert: Notifies you when a buy signal is detected.
Sell Alert: Notifies you when a sell signal is detected.
Additional Visuals:
VWAP Line: Plotted in blue to show the average price based on volume.
OBV Line: Plotted in purple to indicate volume flow.
RSI Line: Plotted in orange with horizontal lines at 70 (overbought) and 30 (oversold) levels.
In den Scripts nach "vwap" suchen
Fixed Straddle with dynamic Res/Sup [BlueChip Algos]Fixed Straddle/Strangle with Dynamic Resistance and Support indicator is designed for options traders focusing on combined straddle and strangle premiums of particular strikes (without rolling). This script offers dynamic charting capabilities with integrated technical indicators, making it a valuable tool for traders in the Indian options market.
About the Indicator
This indicator allows traders to analyze straddle and strangle positions using pre-set strike prices. It dynamically plots resistance and support levels based on price movements using swing HIGHs and LOWs, plots potential stop-loss levels using ATR Stop Loss combined with other customizable indicators like Moving Averages, SuperTrend and VWAP
Features
Straddle and Strangle Analysis: Users can analyze options straddle or custom strangle positions by specifying the exact strike prices for both CE (Call) and PE (Put) options. Please note that one needs to give required strike in all 3 fields mandatorily (Fixes staddle, CE and PE) irrespective of whether you select straddle or strangle in the dropdown.
Dynamic Resistance and Support: The script dynamically adjusts support and resistance levels based on price movements, providing insights into potential price reversal points.
Comprehensive Indicator Suite: Includes popular indicators like Moving Averages, SuperTrend, ATR Stop Loss, and VWAP, each customizable to fit the trader's strategy.
Input Parameters
Chart Type: Choose between "Fixed Straddle" and "Fixed Strangle" for the analysis.
Symbol Selection: Select from various Indian indices such as NIFTY, BANKNIFTY, MIDCAP, FINNIFTY, SENSEX, BANKEX, or input a custom symbol.
Strike Prices: Set the exact strike prices for the fixed straddle or strangle analysis. Note to enter value in all 3 strike fields irrespective of straddle or strangle selection.
Expiry Date: Select the expiry date for the options.
Indicator Settings: Customize each indicator’s parameters, including Moving Averages, SuperTrend, ATR Stop Loss, VWAP, and Swing High/Low levels.
Understanding the Indicator
1. Dynamic Resistance and Support Levels using swing H/Ls
Purpose: This indicator identifies significant swing highs and lows, which are key levels for potential price reversals or continuation.
Parameters:
Swing Length: Number of bars used to confirm swing highs and lows.
How It Works: The Swing High/Low Levels are plotted based on past price action, marking the areas where the price has previously reversed, helping traders set their stop-loss or take-profit levels.
2. VWAP (Volume Weighted Average Price)
Purpose: VWAP provides the average price weighted by volume over a specified period. It is widely used by traders to identify the true average price of a security.
How It Works: VWAP is plotted as a line on the chart, which helps in understanding the price direction in relation to the day's volume-weighted average price.
3. ATR Stop Loss
Purpose: The ATR Stop Loss dynamically adjusts stop-loss levels based on the market’s volatility, calculated through the ATR.
Parameters:
ATR Period: Number of periods over which ATR is calculated.
Multiplier: Factor that determines the distance of the stop-loss from the current price.
How It Works: This indicator adjusts the stop-loss level to protect against large market swings, moving closer or further away based on the ATR value.
4. Moving Average (MA)
Purpose: The Moving Average smooths price data to help identify trends and reversals. It is useful for understanding the overall market direction.
Parameters:
MA Source: Data source for the Moving Average calculation (e.g., Close price).
MA Length: The number of periods used to calculate the Moving Average.
MA Smoothing: The type of smoothing applied, such as SMA, EMA, WMA, or RMA.
5. SuperTrend
Purpose: SuperTrend is a trend-following indicator that helps traders identify the prevailing market trend and potential entry/exit points.
Parameters:
Factor: The multiplier applied to the ATR (Average True Range) for calculating the SuperTrend bands.
ATR Period: The number of periods used for calculating the ATR.
How It Works: The SuperTrend line acts as a support or resistance level. A price above the SuperTrend line indicates a bullish trend, while a price below it indicates a bearish trend.
ToxicJ3ster - Day Trading SignalsThis Pine Script™ indicator, "ToxicJ3ster - Signals for Day Trading," is designed to assist traders in identifying key trading signals for day trading. It employs a combination of Moving Averages, RSI, Volume, ATR, ADX, Bollinger Bands, and VWAP to generate buy and sell signals. The script also incorporates multiple timeframe analysis to enhance signal accuracy. It is optimized for use on the 5-minute chart.
Purpose:
This script uniquely combines various technical indicators to create a comprehensive and reliable day trading strategy. Each indicator serves a specific purpose, and their integration is designed to provide multiple layers of confirmation for trading signals, reducing false signals and increasing trading accuracy.
1. Moving Averages: These are used to identify the overall trend direction. By calculating short and long period Moving Averages, the script can detect bullish and bearish crossovers, which are key signals for entering and exiting trades.
2. RSI Filtering: The Relative Strength Index (RSI) helps filter signals by ensuring trades are only taken in favorable market conditions. It detects overbought and oversold levels and trends within the RSI to confirm market momentum.
3. Volume and ATR Conditions: Volume and ATR multipliers are used to identify significant market activity. The script checks for volume spikes and volatility to confirm the strength of trends and avoid false signals.
4. ADX Filtering: The ADX is used to confirm the strength of a trend. By filtering out weak trends, the script focuses on strong and reliable signals, enhancing the accuracy of trade entries and exits.
5. Bollinger Bands: Bollinger Bands provide additional context for the trend and help identify potential reversal points. The script uses Bollinger Bands to avoid false signals and ensure trades are taken in trending markets.
6. Higher Timeframe Analysis: This feature ensures that signals align with broader market trends by using higher timeframe Moving Averages for trend confirmation. It adds a layer of robustness to the signals generated on the 5-minute chart.
7. VWAP Integration: VWAP is used for intraday trading signals. By calculating the VWAP and generating buy and sell signals based on its crossover with the price, the script provides additional confirmation for trade entries.
8. MACD Analysis: The MACD line, signal line, and histogram are calculated to generate additional buy/sell signals. The MACD is used to detect changes in the strength, direction, momentum, and duration of a trend.
9. Alert System: Custom alerts are integrated to notify traders of potential trading opportunities based on the signals generated by the script.
How It Works:
- Trend Detection: The script calculates short and long period Moving Averages and identifies bullish and bearish crossovers to determine the trend direction.
- Signal Filtering: RSI, Volume, ATR, and ADX are used to filter and confirm signals, ensuring trades are taken in strong and favorable market conditions.
- Multiple Timeframe Analysis: The script uses higher timeframe Moving Averages to confirm trends, aligning signals with broader market movements.
- Additional Confirmations: VWAP, MACD, and Bollinger Bands provide multiple layers of confirmation for buy and sell signals, enhancing the reliability of the trading strategy.
Usage:
- Customize the input parameters to suit your trading strategy and preferences.
- Monitor the generated signals and alerts to make informed trading decisions.
- This script is made to work best on the 5-minute chart.
Disclaimer:
This indicator is not perfect and can generate false signals. It is up to the trader to determine how they would like to proceed with their trades. Always conduct thorough research and consider seeking advice from a financial professional before making trading decisions. Use this script at your own risk.
Linear Regression Channel [GOODY]Linear Regression Channel
The Linear Regression Channel indicator is a versatile tool for traders, providing valuable insights into price trends and potential reversal points. It plots two linear regression channels on the chart, helping you visualize price dynamics and make informed trading decisions.
Indicator Features and Settings
General Settings:
• Source: The price source used for channel calculations. Typically, the close price is used.
1st Channel Settings:
• Length: The number of bars used to calculate the linear regression channel. Increasing this value widens the channel and makes it less responsive to recent price changes.
• Upper Deviation Multiplier: Multiplier for the upper deviation from the regression line. Higher values widen the upper boundary.
• Lower Deviation Multiplier: Multiplier for the lower deviation from the regression line. Higher values widen the lower boundary.
• Show Channel Lines: Toggle to show or hide the channel lines, useful for visualizing channel boundaries.
• Show Channel Background: Toggle to show or hide the background color between the channel lines, highlighting the area covered by the channel.
• Show Labels: Toggle to show or hide price level labels for the channel lines, helping to identify exact price levels at the boundaries.
• Upper Label Color: Color for the upper price level label.
• Lower Label Color: Color for the lower price level label.
• Label Offset: Offset for the price level labels, adjusting them horizontally.
1st Channel Display Settings:
• Extend Lines Left: Extend the regression channel lines to the left of the chart, visualizing historical performance.
• Extend Lines Right: Extend the regression channel lines to the right of the chart, anticipating future price movements.
1st Channel Style Settings:
• Upper 1st Channel Line Color: Color for the upper line of the first channel.
• Lower 1st Channel Line Color: Color for the lower line of the first channel.
• Upper Channel Color: Color for the upper channel area, filling the area between the upper channel line and the midline.
• Lower Channel Color: Color for the lower channel area, filling the area between the lower channel line and the midline.
• Baseline Color (DownTrend): Color of the baseline during a downtrend.
• Baseline Color (Up Trend): Color of the baseline during an uptrend.
2nd Channel Settings:
• Length for 2nd Channel: The number of bars used to calculate the second linear regression channel.
• Upper Deviation Multiplier for 2nd Channel: Multiplier for the upper deviation from the regression line in the second channel.
• Lower Deviation Multiplier for 2nd Channel: Multiplier for the lower deviation from the regression line in the second channel.
2nd Channel Display Settings:
• Show 2nd Channel Lines: Toggle to show or hide the second channel lines, useful for visualizing channel boundaries.
• Show 2nd Channel Background: Toggle to show or hide the background color between the second channel lines, highlighting the area covered by the second channel.
2nd Channel Style Settings:
• Upper 2nd Channel Color: Color for the upper line of the second channel.
• Lower 2nd Channel Color: Color for the lower line of the second channel.
• Baseline Color for 2nd Channel (Up Trend): Color of the baseline during an uptrend in the second channel.
• Baseline Color for 2nd Channel (Down Trend): Color of the baseline during a downtrend in the second channel.
• Upper 2nd Channel Background Color: Background color for the upper part of the second channel, filling the area between the upper channel line and the midline.
• Lower 2nd Channel Background Color: Background color for the lower part of the second channel, filling the area between the lower channel line and the midline.
• Line Style for 2nd Channel: Choose the style of the second channel lines (Solid, Dotted, Dashed, Arrow, Round).
2nd Channel Line Settings:
• Extend 2nd Channel Lines Left: Extend the second channel lines to the left of the chart, visualizing historical performance.
• Extend 2nd Channel Lines Right: Extend the second channel lines to the right of the chart, anticipating future price movements.
Other Settings:
• Show VWAP Detection: Toggle to enable or disable VWAP detection. VWAP (Volume Weighted Average Price) indicates the average price of the asset, weighted by volume.
• Show Doji Detection: Toggle to enable or disable Doji candle detection. Doji candles have small bodies, indicating market indecision.
• Doji Size Threshold: Threshold to determine a Doji candle. A smaller value indicates a stricter Doji definition.
How to Read the Indicator for Trading
Channel Lines and Colors:
• The upper line of the 1st channel (green) and the 2nd channel (blue) represents the upper boundary based on linear regression and deviation multipliers.
• The lower line of the 1st channel (red) and the 2nd channel (orange) represents the lower boundary.
• The midline changes color dynamically based on the trend direction:
• Pink during a downtrend for the 1st channel.
• Blue during an uptrend for the 1st channel.
• Gray during a consolidation for both channels.
• The 2nd channel uses similar color logic.
Channel Background:
• The background color between the channel lines highlights the area covered by the channel:
• Green for the upper area and red for the lower area in the 1st channel.
• Blue and orange for the upper and lower areas in the 2nd channel, respectively.
Labels:
• Price level labels at the channel boundaries provide exact price levels, displayed at the upper and lower lines if enabled.
VWAP and Doji Detection:
• VWAP is plotted as circles on the chart, showing the volume-weighted average price.
• Doji candles are highlighted with a background color if detected, indicating potential market indecision.
Alerts:
• Alerts are triggered when the trend direction of the channels changes. For example:
• An alert notifies you if the 1st channel is in an uptrend while the 2nd channel is in a downtrend.
• An alert notifies you if the 1st channel is in a downtrend while the 2nd channel is in an uptrend.
Trading with the Indicator
• Trend Identification: Use the color and direction of the midline and baseline to identify the current trend. An uptrend is indicated by a blue midline, while a downtrend is indicated by a pink midline.
• Reversal Points: Monitor when the price approaches the upper or lower boundaries of the channels, as these can act as support or resistance levels.
• Volume Insights: Use the VWAP and liquidity levels to understand the true average price based on volume and identify significant areas of trading activity.
• Market Indecision: Watch for Doji candles, which can signal potential reversals or periods of consolidation.
Period Value ZonesPeriod Value Zones is designed to help traders understand where current value is being found by splitting the day into 3 key periods based on common reversal times recognized for intraday trading.
By splitting the day into 3 periods, we can more efficiently determine where short-term value lies by using only the data we consider relevant during these periods of time.
> Overview
This indicator is recommended for low timeframe trading during the New York RTH Session.
By only trading within this session, we can ensure that volume and volatility remain fairly consistent.
Within each Period, you will find on the chart:
Value Area Points from Previous period (Value High(VAH)/Value Low(VAL)/Point of Control(POC))
Volume Weighted Average Price (VWAP) Cloud, based on High and Low values during the period.
Value Zone based Potential Reversal Zones.
Additional Displays:
Potential Reversal Detection Signals with Invalidation Levels
Forward Plotted Key Market times.
> Components
• Value Area Points
VAH/VAL/POC are important volume profile points which display where the market has previously held value.
We use these specific levels as support and resistance to confirm direction by monitoring interactions between price and these important levels.
The VAH and VAL lines change colors based on price's interaction with them to confirm whether that level should be regarded as support or resistance.
• VWAP Cloud
VWAP is a common metric used to determine the strength of a trend, and provides a point to look for re-bid & re-offer.
When price breaks out of our Fixed Value zone, VWAP helps us determine further direction.
Also included is VWAP deviation bands, for traders who would prefer to view the standard deviation away from this cloud as well.
• Value Reversal Zones
These Zones are calculated based on extensions of the Period Value Zone.
While in a balanced market, these zones have been shown to provide potential reversal opportunities.
• Potential Reversal Signals
These signals are based on an advanced method for confirming a higher-low or lower-high to reasonably create a signal that is not very laggy but also rooted in sound logic.
While helpful, These are NOT buy or sell signals, and you should always use further analysis to decide the next steps to take.
When a signal appears, an associated invalidation level is also displayed, if this level is crossed the associated signal is no longer considered relevant.
• Key Market Times
These are important times within the day that normally produce volatility caused by daily market catalysts.
Each key time is forward plotted 1 hour before it occurs to provide a clear heads up for potential opportunity.
Opening Fuel: Known for having an increase in Volume after the formation of the 15min Opening Range.
1st Reversal: Common Area for seeing initial large positioning effecting the market, often causing reversals.
Initial Balance Close: End of the first hour, a common positioning tool for futures traders.
2nd Reversal: Positioning is typically reactionary to IB Close, alongside Euro Traders Exiting Positions.
Euro Close: Close of Europe Session, a common positioning tool for futures traders.
Lunch: Usually Low Volume, traders are often out to lunch.
Lunch End: Volume tends to re-enter, as traders come back from lunch.
1st Reversal: New Hour, common area to see large position re-enter the market.
Bonds Close: Bonds markets close, Equities reacting to close of the bond market.
1st MOC: Initial Market on Close orders are places, market reaction is normally expected off of MOC positioning.
MOC Close: As MOC orders are reported, volatility is likely found within the market.
> Methodology
This indicator can be used with the same principles as trading balanced volume profiles.
Rule 1: Unless the price breaks and holds Value High or Value Low, we should expect buyers and sellers to maintain the current balance.
Rule 2: If we break and push away from the Period Value High, we should treat that level as supportive on retest unless we look back below and sellers defend on retest.
Rule 3: If we break and push away from the Period Value Low, we should treat that level as resistance on retest unless we look back above and buyers defend on retest.
Rule 4: If we recover Value Low, and it becomes supportive, we look for our Period POC and Period Value High as our targets above.
Rule 5: If we fail to hold Period Value High, and it becomes resistance, we look for our Period POC and Period Value Low as targets below.
Balance in the context of this indicator is considered as the area between Period Value High and Period Value Low
Acceptance outside of balance in the context of this indicator is considered as Period Value Low or High, becoming supportive or resistance.
> Examples
Theoretical Example:
In the bullish example below, price holds VWAP and makes POC supportive, showing interest from buyers pushing to Value High.
Real-World Example:
Below is an example of the same setup as the theoretical example, taking place on a real futures chart.
By utilizing these rules, we can look for opportunities at these levels and have a plan for how we should be interacting with them.
This will help us determine likely targets and risk-off levels that are based on volume and current "value" from participants.
Price and Volume Stochastic Divergence [MW]Introduction
This indicator creates signals of interest for entering and exiting long and short positions on equities. It primarily uses up and down trends defined by the change in cumulative volume with some filtering provided by a short period exponential moving average (9 EMA by default).
Settings
Moving Average Period : The moving average over which the cumulative volume delta is calculated. Default: 14
Short Period EMA : The EMA used to represent price action, and is used to generate the EMA Delta line. Default: 27 (3*3*3)
Long Period EMA : The second EMA used to calculate the EMA Delta line. Default: 108 (2*2*3*3*3)
Stochastic K Value : The value used for stochastic curve smoothing. Default: 3
Dot Size : The diameter of the larger indicator. Default: 10
Dot Transparency : The transparency level of the outer ring of the primary BUY/SELL signal. Default: 50 (0 is opaque, 100 is transparent)
Band Distance from 0 to 100 : The upper and lower band distance. Default: 20
Calculations
The cumulative volume delta (CVD) is calculated using candle bodies and wicks. For a red candle, buying volume is calculated by multiplying the volume by the spread percentage of the average of the top and bottom wicks, while Selling Volume is calculated multiplying the volume by the spread percentage of the average of the top and bottom wicks - in addition to the spread percentage of the candle body.
For a green candle, buying volume is calculated by multiplying the volume by the spread percentage of the average of the top and bottom wicks - plus the spread percentage of the candle body - while Selling Volume is calculated using only the spread percentage average of the top and bottom wicks.
Once we have the CVD, we can then perform a stochastic calculation of the CVD value.
stochastic calculation = (current value - lowest value in period) / (highest value in period - lowest value in period)
We’ll do the same stochastic calculation for the short term EMA (27 EMA default) as well as for the difference between the short term and long term EMA.
When the stochastic CVD value is rising from zero and the short term EMA stochastic value equals 100, then it’s a major bullish signal. When the stochastic CVD value is falling from 100 and the short term EMA stochastic value equals 0, then it’s a major bearish signal.
Sometimes, after a bullish or bearish signal, the stochastic CVD will reverse direction triggering a new opposing signal.
How to Interpret
The CVD indicates when there is either more buying than selling or vice versa. A value over 50 for the stochastic CVD curve represents more buying taking place. A value below 50 represents more selling. One might intuitively believe that when there is more buying volume than selling volume that the price would follow suit. This is not always the case.
Most of the time buying volume will precede consistent price movement upwards, and selling volume will precede consistent price movement downwards. When this divergence occurs, the indicator generates a signal. When this divergence begins to fail, and buying or selling volume reverses, then another signal is generated indicating that the buying/selling impulse is headed back into the direction of price action.
These interactions are visually represented on the chart with the coral line that represents CVD, and the yellow line that represents the EMA, or the average price. When the coral line goes up and the yellow line stays down, that’s the BUY signal. When the coral line goes down and the yellow line stays up, that’s the sell signal. When the coral line switches direction, the chart generates another signal showing that volume is moving in a direction that supports the price.
The orange line represents the stochastic representation of the difference between the short EMA (27 by default) and the long EMA (108 by default). EMA differences is a method that can be used to define a trend. When a short term EMA is above a longer term EMA, that may represent a bullish trend. When it is below, that may represent a bearish trend. When all 3 lines are rising or falling in the same direction at the same time, it tends to indicate a movement that has the potential to continue.
Other Usage Notes and Limitations
It's important for traders to be aware of the limitations of any indicator and to use them as part of a broader, well-rounded trading strategy that includes risk management, fundamental analysis, and other tools that can help with reducing false signals, determining trend direction, and providing additional confirmation for a trade decision. Diversifying strategies and not relying solely on one type of indicator or analysis can help mitigate some of these risks.
This indicator can be paired with the MW Volume Impulse indicator if it is desired to see the actual buying and selling cumulative volume deltas. Also, in many cases, the BUY and SELL signals tend to correspond with Keltner Bands (ATR Bands) becoming extended. Lastly, volume weighted average price (VWAP) along with other macro events can impact price and negate signals. To view VWAP lines, you may choose to use the Multi VWAP or Multi VWAP for Gaps indicator to help ensure that the signals you see in this indicator are not being affected by VWAP lines.
Because Wicks Dont Lie" Because Wicks Don't Lie " is a specialized indicator designed to assist traders in identifying and visualizing significant candle wicks on any timeframe. Wicks, often referred to as Liquidity Targets, are areas that almost always get filled by price at some point. They can help map out the trajectory of price movement, acting as a magnet, drawing the price towards them. Recognizing these wicks can provide invaluable insights into potential trading opportunities and market sentiment.
We are looking for Candles with LONG Wick and TINY Candle Body! Only those types of Wicks have (according to my experience and backtesting) a 100% chance to get filled in the future.
Features:
Wick Visualization:
The script highlights significant bullish (blue) and bearish (red) wicks that meet specific criteria, helping you quickly spot potential trading opportunities.
VWAP Bands for Filtering Extremes:
The VWAP bands are incorporated to filter out wicks created at extreme price points. By ensuring that wicks are within a user-defined percentage of the VWAP (Volume Weighted Average Price), traders can avoid targeting extreme wicks that might take a longer time to get filled, thus enhancing the efficacy of strategies that trade towards wicks.
Alerts:
Traders can set alerts for when a significant bullish or bearish wick is detected, ensuring they never miss potential setups.
Usage:
Once applied to your chart, the script will automatically scan for significant wicks and display them with blue (bullish) and red (bearish) markers. By adjusting the script settings, users can customize the VWAP band percentage to fine-tune the filtering of extreme wicks.
Conclusion:
Wicks often contain valuable information about market sentiment, rejection of price levels, and potential future price direction. By acting as liquidity targets, they serve as indications of where the price is likely to move. "Because Wicks Don't Lie" simplifies the process of identifying these crucial candle formations and, with the inclusion of the VWAP bands, ensures that traders can prioritize the most actionable wicks while avoiding extreme outliers.
Input Fields:
Average Candle Size Multiplier:
This parameter allows users to adjust the base size of what the script considers as a significant wick. By multiplying the average size of candles over the last 4998 bars, users can fine-tune the script to detect only wicks of a certain prominence. A higher value will mean that only larger wicks (relative to recent price action) will be considered significant.
Wick Ratio (Wick Proportion Threshold):
This ratio helps determine the proportion of the wick to the entire candle for it to be considered significant. A higher ratio means that the wick must be a larger part of the total candle size to be marked as significant. It's an essential parameter to differentiate between candles with tiny wicks and those with substantial wicks which might offer trading opportunities.
AIOI Lite By TradeINskiAll In One Indicator Lite - AIOI Lite By TradeINski
First thing first
This indicator is inspired from @DrMansi Trade Template and Derived from AIOI By @TradeINski
This indicator is best suited for momentum traders/swing traders people who basically trade on Daily time frame as the primary timeframe.
Contents of the Indicator
Show Average True Range Line
4 Moving Average
Technical Metrics
Industry & Sector
Gap Up & Gap Down Zone
Big Day - Up & Down
VWAP
Show Average True Range line.
Purple horizontal line that you see on the chart is nothing but high of the day - Average true range value over a specified period (ATR) line of the stock. I use it for trailing my stop loss once my position is made. My Interpretation is once the stock is moved in your favor, the %change after that which is more than ATR should come in your desired direction or trade is going against me.
Here The average true range (ATR) is a technical analysis indicator introduced by market technician J. Welles Wilder Jr. in his book New Concepts in Technical Trading Systems that measures market volatility by decomposing the entire range of an asset price for that period.
Chart-formations. "J. Welles Wilder, Jr."
The true range indicator is taken as the greatest of the following: current high less the current low; the absolute value of the current high less the previous close; and the absolute value of the current low less the previous close.
Line plotted Logic: high of the day - 20 day ATR.
{Input}
User have option to Show/Hide the line with "Check Mark"
{Style}
Users have the option to change color of the line and also thickness respectively.
1. 4 Moving Averages
Plots 4 moving averages with different periods and colors. MA#1, MA#2, MA#3 and MA#4 are respective moving averages. I use these moving average lines to determine the trend of the stock, that is 10 and 20 period EMA for short term trend and 50 Ema for medium trend and 200 period EMA for long term trend of a ticker.
{Inputs}
Users have the option to choose the type of MA that is between SMA & EMA.
Also have the option to enter a period as their preference.
{Style}
Users have the option to Show/Hide Specific MA with the help of “Check Mark”.
Color of all MA can be changed individually. Also line thickness and transparency.
2. Technical Metrics
MCAP - Market Capitalization
Market capitalization of a ticker in dollar terms. I use this Market Cap to define liquidity means bigger the MCAP more liquid the stock is and also know the size of the company. And also bigger the MCAP usually percentage move of swings in this is less compared to mid & small MCAP stocks.
{Inputs}
Users have the option to Show/Hide the cell from the table with “Check Mark”.
ADT - Average Dollar Turnover
This also helps me determine liquidity and use this while sizing.
For example I want to make a position of 1000$ and stock ADT is 100K $ that means my contribution to stock is 1% of the average dollar turnover. When I am trading, I keep a general rule that my contribution should be less than 0.25% of the average dollar turnover so that getting in and getting out of the stock will not be a problem.
Logic: Average volume over a period of time * Price of the stock
{Inputs}
Users have the option to Show/Hide the cell from the table with “Check Mark”.
Users have the option to enter a period. Default is “20” Days.
RVOL - Relative Volume
This helps in the live market that if RVOL is 10% to 20% or more in the first 30 mins of opening bell then it is interpreted as there is unusual volume activity in this stock, something is cooking. This comes after a lot of observation. When stock moves abruptly it's seen that there will be volume pick in the stock from the start of the day. Therefore Relative percentage volume helps in this way.
Logic: Today's volume with respect to average volume over a specified period in percentage is relative volume.
{Inputs}
Users have the option to Show/Hide the cell from the table with “Check Mark”.
Users have the option to enter a period. Default is “20” Days.
ADR - Average Daily Range
This helps to determine what's the average daily %change over the specified period of time & what %change we can expect from a ticker on a specific day as I am a momentum trader so prefer high ADR stocks. Generally Blue chip stocks have less ADR compared to mid and small cap stocks.
Logic: Calculation is based on High and low of the day that is in percentage over a specified period of days.
{Inputs}
Users have the option to Show/Hide the cell from the table with “Check Mark”.
Users have the option to enter a period. Default is “20” Days.
SLL - Stop Loss Level
This helps me in the live market as per my strategy. I generally keep my stop loss Low of the day so when creating position, I will know what will be the percentage Stop loss and also helps in knowing what is the percentage move from low of the day today. Mind you this does not consider the gap that is yesterday's close for calculation.
Logic: Percentage change from low of the day.
{Inputs}
Users have the option to Show/Hide the cell from the table with “Check Mark”.
{Inputs} Common Settings
Position - Users can change location as per their preference. Default position is “Top Centre”.
Size - Users can change text size as per their preference. Default size is “Auto”.
Display - Users have two options
Text - Shows Complete cell that is Text plus Value
Value - Shows only values in the cell.
3. Industry & Sector
Plots Industry and Sector of a ticker on DTF. This helps me to determine from which industry or sector the stock belongs to at a glance. As there are so many stocks listed we can't categorize to which sector and industry it belongs to just by the name of the company. To have an idea in which domain the company operates.
{Inputs}
“Check Mark” to Show/Hide Industry individually.
“Check Mark” to Show/Hide Sector individually.
Users have the option to change the color of the text plotted and its transparency.
Position - Users can change location as per their preference. Default position is “Bottom Centre”.
Size - Users can change text size as per their preference. Default size is “Auto”.
4. Gap Up & Gap Down Zone
This helps me visually, if a stock is gaping up or down on a daily time frame and I don't want to know every gap in the stock I want to focus on significant gaps so 1% makes sense let it be up or down. When Gap Up color is green and Gap down color is Red.
Logic: Whenever the gap is more than 1% up or down then the background on that specific day is colored lime for gap Up and color fuchsia for gap down down.
{Style}
GapUp & GapDown Zone
Users can Show/Hide this feature using “Check Mark”.
Users have the option to change background color and its transparency individually mind you Color 0 is for GapUp and Color 1 is for GapDown.
5. Big Day - Up & Down
This helps me determine unusual activity of a stock that is Why ADR - Average Daily Range and Volume of a stock is considered. If a stock moves 2 times the ADR which is not usual and also if we see significant change in volume then I believe stock is saying something let it be Upward or downward.
For visually appealing for unusual up move the body of the color is lime and for unusual downward move color is fuchsia.
Logic: On a given specific day if volume is two times the average 20 day period volume and percentage change of the specific day is two times the average daily range percentage that is ADR then those days are considered to be Big Up Day and for Big Down Day vise versa.
{Style}
Big Day - Up & Down
Users can Show/Hide this feature using “Check Mark”.
Users have the option to change color of the body and its transparency individually mind you Color 0 is for Big Up Day and Color 1 is for Big Down Day.
6. VWAP
Plots default VWAP in house indicator only in a lower time frame that is less than DTF. This helps me after making a position in the stock that is 15 Min. TF. Basic idea is that stock should stay above Vwap after entry. As Vwap considers volumes in calculation, in the Lower timeframe we will know if the stock is holding up and moving in desired direction.
{Style}
Users have Option to Show/Hide as per their preference.
Users change the color, thickness and transparency of the line.
Note:
This indicator will never give direct buy sell signals and never should be used in isolation.
Volume-Weighted Supertrend Strategy [wbburgin]This is a script that can be used as a strategy or a standalone indicator.
The Volume-Weighted Supertrend is a supertrend based on a rolling VWAP, instead of a normal price source. The strategy has two components - a supertrend based off of this VWAP (shown on the chart) and a supertrend from volume itself (not plotted on the chart directly). The supertrend from volume is an example of my "Supertrend Any Source" indicator, where a custom ATR is created from non-OHLC data; this is available as both a separate public script and also in my "wbburgin_utils" library for you to use in your own script creation.
The supertrend from volume acts as a confirmation filter for the VWAP-supertrend shown on-chart. If the volume supertrend is trending up and the VWAP-based supertrend is also trending up, a buy signal is generated. Likewise, if the volume supertrend is trending down and the VWAP-supertrend is trending down, a sell signal is generated. The colors are based off of whether both supertrends are trending up or down: green for both up, blue for only price up, orange for only price down, and red for both down.
The settings enable you to change the volume length and the ATR length separately, as well as the multiplier and the source for the price supertrend. If you load the indicator for the first time and see no entries and exits, this is because "Show Strategy Entries and Exits" is disabled in the settings. This is if you plan on using the strategy as an indicator and don't want to be bothered by the entry and exit symbols on the chart. Additionally, for those who like clean charts (like me), you can turn all the labels off in the settings, as well as the highlighting.
My default strategy settings for the strategy results shown below are as follows: 5% equity per trade, 5 degrees of pyramiding, commissions of 0.08% per trade. This strategy doesn't come with stops yet, so please be aware of that before using it to trade - I highly suggest you create your own stops based off of your R/R ratio and personal risk tolerance. Additionally, it works best on trending assets (b/c of the supertrends) with high volume. This might mean it does not work as well on lower timeframes.
VXD SupercycleVXD is a brand new indicator and still developing. to minimize stop losses and overcome sideways market conditions, Higher Timeframe are recommended
Trend lines
-using Rolling VWAP as trend line to determined if Volume related to a certain price.
-you can switch RVWAP to EMA in the setting
ATR
-trailing 12*ATR and 2.4 Mutiplier
Pivot point and Rejected Block
Pivot show last High and low of a price in past bars
Rejected Block show when that High or Low price are important level to determined if it's Hidden Divergence or Divergence
Symbols on chart show Premium and Discount Prices
X-Cross - show potential reversal trend with weak volume .
O-circle - show potential reversal trend with strong volume .
Setting
Momentum: RSI = 25 , RSI MA = 14
Trend: Rolling VWAP and ATR and Subhag
Trailing STOP: ATR 12 x 2.4
Highlight Bars color when volume is above SMA 6
SMA200 act as TP Line
Risk:Reward Calculation
if Buy your Stoploss will be previous Pivot low
if Sell your Stoploss will be previous Pivot high and will be calculated form there, then show TP in Orange color line
VXD เป็นระบบเทรดที่ผมทดลองเอาหลาย ๆ ไอเดีย ทั้งจาก Youtube facebook และกลุ่มคนต่าง ๆ มารวบรวมไว้ แล้วตกผลึกขึ้นมาเป็นระบบนี้ ใน Timeframe ใหญ่ ๆ สามารถลากได้ทั้ง Cycle กันเลย
Trend lines
-ใช้ Rolling VWAP ของแอพ Tradingview (สามารถตั้งแค่าเป็น EMA ได้)
ATR
-ใช้ค่า ATR 12 Mutiplier 2.4
Pivot point and Rejected Block
Pivot โชว์เส้น High low และมีผลกับออเดอร์ หากแท่งเทียนปิดทะลุเส้นนี้
Rejected Block วาดแนวรับ-ต้าน อัตโนมัติ ใช้ประกอบ RSI ว่ามี Divergence หรือไม่
สัญลักษณ์ต่าง ๆ
X-Cross - แท่งกลืนกิน วอลุ่มน้อย
O-circle - แท่งกลืนกิน มีวอลุ่ม
Setting
Momentum: RSI = 25 , RSI MA = 14
Trend: Rolling VWAP and ATR and Subhag
Trailing STOP: ATR 12 x 2.4
Highlight Bars color when volume is above SMA 6
SMA200 act as TP Line
Risk:Reward Calculation
หาก Buy จุด SL จะอยู่ที่ Pivot low
หาก Sell จุด SL จะอยู่ที่ Pivot high และระบบจะคำนวณจากตรงนั้น จากนั้นแสดงเป็นเส้น TP สีส้ม
This Strategy Combined the following indicators and conditioning by me
ATR , RSI , EMA , SMA
Rolling VWAP - /script/ZU2UUu9T-Rolling-VWAP/
Regression Lines - Subhag form Subhag Ghosh /script/LHHBVpQu-Subhag-Ghosh-Algo-Version-for-banknifty/
Rejection Block , Pivots , High Volume Bars and PPDD form Super OrderBlock / FVG / BoS Tools by makuchaku & eFe /script/aZACDmTC-Super-OrderBlock-FVG-BoS-Tools-by-makuchaku-eFe/
ขอให้รวยครับ.
Strategy Rsi-Long Short by SebasVentuIt is the popular RSI indicator with VWAP as the source instead of the close.
What is Volume Weighted Average Price (VWAP)?
The VWAP is calculated by adding the dollars traded for each trade (price multiplied by the number of shares traded) and then dividing it by the total shares traded. That is, volume.
Es el popular indicador RSI con VWAP como fuente en lugar de cierre.
¿Qué es el Precio Promedio Ponderado por Volumen (VWAP)?
El VWAP se calcula sumando los dólares negociados por cada transacción (precio multiplicado por el número de acciones negociadas) y luego dividiéndolo por el total de acciones negociadas. Es decir, volumen.
Camarilla Fibonachi Breakout Indicator with AlertsThis Script can be used for Intraday Only.
This Script will Plot the following Lines in the Chart
1. VWAP (Colour will be ploted as per the following condition)
VWAP Line will Plotted in Green if Open Price is Greater Than Close
VWAP Line will Plotted in Red if Open Price is Less Than Close
2. VWMA (VWMA Period used 14)
3. Atr Trailing Stoploss
(ATR Period 5, ATR Multiplier 2.5 is used to plot the Lines)
4. 15 Min High Low of the day will be plotted as dotted Purple lines
5. H4 as BuyAbove Level
6. H3 as Buy Stop Loss Level
7. H5 as Buy Target 1 Level
8. H6 as Buy Target 2 Level
9. H7 as Buy Target 3 Level
10. H8 as Buy Target 4 Level
11. H9 as Buy Bonus 1 Level
12. H10 as Buy Bonus 2 Level
13. H11 as Buy Bonus 3 Level
14. H12 as Buy Bonus 4 Level
15. L4 as Sell Below Level
16. L3 as Sell Stop Loss Level
17. L5 as Sell Target 1 Level
18. L6 as Sell Target 2 Level
19. L7 as Sell Target 3 Level
20. L8 as Sell Target 4 Level
21. L9 as Sell Bonus 1 Level
22. L10 as Sell Bonus 2 Level
23. L11 as Sell Bonus 3 Level
24. L12 as Sell Bonus 4 Level
This script will generate Buy signal on he following condition
1.Close Must be Greater than H4
if Calculate Inside Camarilla is Enabled then the Script will check whether Yesterdays H4 is Less than Todays H4
2.Close Must be Greater than VWAP
3.Volume Must be Greater Than 20 Period Simple Moveing Average
4.Buy Signal will be Displayed only Once for a Day.
This script will generate Sell signal on he following condition
1.Close Must be Less than L4
if Calculate Inside Camarilla is Enabled then the Script will check whether Yesterdays L4 is Less than Todays L4
2.Close Must be Less than VWAP
3.Volume Must be Greater Than 20 Period Simple Moveing Average
4.Sell Signal will be Displayed only Once for a Day.
and the Alert Message will be Generated for Buy and Sell
EMVWAPAdded Exponential Smoothing to The Original Built-in VWAP Calculation.
Best used with original VWAP indicator to identify trend reversal.
- VWAP CrossUp EMVWAP identify bullish reversal
- VWAP CrossDown EMVWAP identify bearish reversal
All inputs are the same as the original VWAP with one addition.
Average Length: Identify the the number of historic bar to calculate the exponential moving average of VWAP
SSP + VWMAInput menu allows you to set long / short entries using,
Net volume change from above or below zero.,
Net volume changes of positive to negative values,
VWAP rising or falling.
VWMA rising or falling
Stop loss and take profit are built in to test the most profitable strategy.
uncheck net volume in menu bar to remove background colours on chart
Uncheck VWAP and VWMAto test long and short entries ( using net volume change ) note session look back is available to edit, if use take profit is unchecked then this will simulate net volume change from positive to negative.
Check VWMA or VWAP to simulate long or short entries
With VWAP checked this will simulate VWAP entries with rising / falling VWAP with previous take profit and stop losses that we’re profitable.
Options Scalping V2This Indicator is Owned by Team Option Scalping.
It has 4 Plots and 2 Tables.
This indicator to be used only in BankNifty Futures
VWAP ( Volume weighted average price )
• User can input the source and enable/disable the VWAP from input section.
• When price is more than the VWAP its Bullish Trend and vice versa.
VWMA ( Volume weighted moving average )
• Default value of 20 is used in VWMA . User can enable/disable it from input section.
• When price is more than the VWMA its Bullish Trend and vice versa.
Parabolic SAR
• User can input “start”, “increment” and “maximum” values from input section and can enable/disable SAR also.
• When price is more than the Parabolic SAR its Bullish Trend and vice versa.
SuperTrend
• User can input ATR Period and ATR Multiplier values from input section. By defaults it’s 10 and 2.
• User have option of enable/disable “Change ATR calculation Method”, if enabled then ATR is calculated differently for SuperTrend.
• Enable/disable “BUY/SELL signals” on SuperTrend.
• When price is more than the SuperTrend its Bullish Trend and vice versa.
Top Right Corner TABLE ( 6 , 10 )
When you are trading in Banknifty futures , we have to check major Banks which is contributing to Banknifty move. So we have given that in this tab.
This table consist data of 9 following stocks:
• BankNifty
• Nifty
• Dow
• INDIA
• VIX
• HDFC
• ICICI
• KOTAK
• AXIS
• SBI
And following data of each stock has been provided:
• LTP
• Daily Change
• Daily Percentage Change
• 15-minute Change Percentage
• 1-Hour Change Percentage
Bottom Right Corner TABLE (3, 6 )
This table consist of 4 indicators values and Up/Down indicator:
• VWMA (When price is more than the VWMA its Bullish and vice versa)
• SuperTrend (10.2, When price is more than the SuperTrend its Bullish and vice versa.)
• RSI (14)
• VWAP (When price is more than the VWAP its Bullish and vice versa.)
Flunki T-WAP minus MA Oscillator
Yo,
Possible the last of these for now, and mostly for the sake of completeness..
This is..
Another simple oscillator that show the difference in price between a selectable timeframe TWAP and a Moving Average of that TWAP
This is shown as a histogram.
Use numeric TWAP values for minutes (30, 60 ,720 whatever) and D, 3D, W, M for higher values
There is also a global timeframe which will set the timeframe for a global alternate timeframe (instead of current chart resolution)
On top of that is a Moving Average of the histogram value, shown as a blue / red line with an option to highlight this MA crossing zero, and an option to colour bars to this line.
The major difference between this Oscillator, and the other script (Flunki VWAP minus MA Oscillator)
(I treid to insert a link but it's invisible so it would seem, anyway.. )
is that VWAP is usually calculated daily, so there is a sharp move upon the daily close, as VWAP starts a new day. Using TWAP this does not occur, so gives smoother transitions ; also the timeframe for TWAP is selectable for additional wap fun.
Simple idea : Code open
Enjoy !
[co.n.g] LeathermanThis is a modest approach of assembling my most favorite strategies into a single indicator script!
I extended the functionality of the ART to the maximum in this piece of price action and volume analysis.
The original "Average Range Targets" - though by default turned off t due to heavily re-scaling the chart -
and the previous day's high and low.
What I've added:
high and low of the actual week
high and low of the previous week
open of the day
close of the previous day
VWAP of the daily session - adjustable to any length
VWAP of the weekly session
opening range / inital balance of the session -fixed to 15 Minutes
I've decluttered the chart as good as possible.
KNOWN BUGS:
Sometimes the plotting is incorrect due to rescaling or zooming in and out of the chart.
How to use - a quick price action guide:
The breakout of the open range is often indicating the trend of the day, a false breakout is often seen as a reversal sign.
A price below the VWAP is seen as cheap, a price above as expensive. In contrary to others, I personally prefer to see a rising price on a rising VWAP ;
additionally, I like bounces off or spikes and reversals through the VWAP , either the daily or the weekly.
The highs and lows of the days and weeks are seen as support and resistance . Trade preferably long above and short below those levels.
The ADR is an indication not working perfectly, especially with stocks.
!!! WARNING !!!
Don't rely solely on a single script nor a single indicator!
Always consider the price action, the trend, the overall market and especially the volume.
There is no "Get-Rich-Quick"-scheme, learn to read the chart and trade accordingly.
Enjoy and make money!
Yours,
Constantine
p.s.:
If you like to show your gratitude for my work:
CHEER!
CC - Macro Consolidated Interval Display (MCID)Ever wish you didn't have to rapidly flip between 6 different tickers to get the full picture?
Yeah, me too. Do you also wish that you kind of understood how the shift / unshift function works for arrays?
Yeah, I did too. Both of those birds are taken care of with one stone!
The Macro Consolidated Interval Display uses the new Array structure and security to display data for VIX, GLD, TLT, QQQ, SPY and IWM (at a 1D interval) SIMUTANEOUSLY! Regardless of which ticker you're looking at you can get the full picture of macro futures data without flipping around to get it.
This is my first script trying to use arrays. It basically shows the following a 1d interval:
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP for VIX.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP for GLD.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP for TLT.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP for QQQ.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP for SPY.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP for IWM
To make it more or less busy, I've allowed you to toggle off any of the levels you wish. I've also chosen to leave this as open source, as it's nothing too experimental, and I hope that it can gain some traction as an Array example that the public can use! If you don't like the different values that are shown, use this source code example as a spring-board to put values that you do care about onto the labels.
If this code has helped you at all please drop me a like or some constructive criticism if you do not think it's worth a like.
Good luck and happy trading friends. This should be compatible with my CID as well:
If this gets traction, I will post something similar for a dynamic combination of tickers and intervals that you can set yourself.
CC - Consolidated Interval Display (CID)Ever wish you didn't have to rapidly flip between 6 different intervals to get the full picture?
Yeah, me too. Do you also wish that you kind of understood how the shift / unshift function works for arrays?
Yeah, I did too. Both of those birds are taken care of with one stone!
The Consolidated Interval Display uses the new Array structure and security to display data for 5m, 15m, 45m, 1h, 4h and 1d intervals SIMUTANEOUSLY! Regardless of which interval you're looking at you can get the full picture of numerical data without flipping around to get it.
This is my first script trying to use arrays. It basically shows the following for the given ticker:
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP at the 5 minute level.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP at the 15 minute level.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP at the 45 minute level.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP at the 1 hour level.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP at the 4 hour level.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP at the 1 day level.
To make it more or less busy, I've allowed you to toggle off any of the levels you wish. I've also chosen to leave this as open source, as it's nothing too experimental, and I hope that it can gain some traction as an Array example that the public can use! If you don't like the different values that are shown, use this source code example as a spring-board to put values that you do care about onto the labels.
If this code has helped you at all please drop me a like or some constructive criticism if you do not think it's worth a like.
Good luck and happy trading friends.
If this gets traction, I will post something similar for a combination of SPY, VIX, GOLD, QQQ, IWM and TLT.
Demo GPT - Day Trading Scalping StrategyOverview:
This strategy is designed for day trading and scalping, utilizing a combination of technical indicators, candlestick patterns, and volume analysis to determine entry and exit points. It focuses on capturing short-term price movements while ensuring that trades are executed under specific market conditions.
Key Components:
Technical Indicators Used:
Exponential Moving Average (EMA): The strategy uses the 20-period EMA to identify the trend direction. The EMA smooths out price data, helping traders make more informed decisions about potential buy or sell signals.
Volume Weighted Average Price (VWAP): VWAP is used to measure the average price a security has traded at throughout the day, based on both volume and price. This indicator helps assess whether the current price is above or below the average trading price.
Camarilla Pivot Points: The strategy calculates four levels of Camarilla pivots (S2, S3, R2, R3) based on the highest and lowest prices over the last 14 daily candles. These levels act as potential support and resistance zones, guiding entry and exit decisions.
Candlestick Analysis:
Buy Condition: A buy signal is triggered when:
The first candle (previous candle) is green (close > open).
The second candle (current candle) is also green and opens above the first candle.
The volume of the current candle exceeds the 20-period moving average of volume, indicating strong buying interest.
Sell Condition: A sell signal is triggered when:
The first candle is red (close < open).
The second candle opens below the first red candle.
The volume of the current candle also exceeds the 20-period moving average of volume, indicating strong selling pressure.
Position Management:
The strategy enters a long position (buy) when the buy condition is met and closes the long position when the sell condition is met. This approach aims to capture upward momentum while avoiding extended exposure to downside risks.
Trading Settings:
Capital Management: The strategy uses 100% of available capital for each trade, allowing for maximum exposure to potential gains.
Commission and Slippage: The script includes settings for a commission rate of 0.1% and slippage of 3, accounting for trading costs and potential price changes during order execution.
Date Filtering: The strategy allows users to set a start date (January 1, 2018) and an end date (December 31, 2069) for trade execution, providing flexibility in backtesting and live trading.
Visualization:
The script plots the 20 EMA, VWAP, and the Camarilla pivot levels on the chart for visual reference.
Buy and sell signals are visually represented with shapes on the chart, making it easy to identify potential trade opportunities at a glance.
Volume is plotted in a separate pane to assess trading activity, and a horizontal line at zero provides a reference point.
Summary:
This Day Trading Scalping Strategy is designed to exploit short-term price movements by using a combination of EMAs, VWAP, and Camarilla pivot levels, alongside candlestick patterns and volume analysis. It is well-suited for traders looking to make quick trades based on real-time market conditions while maintaining a disciplined approach to entry and exit points. The strategy is highly visual, allowing traders to quickly assess market conditions and make informed trading decisions.
Feel free to modify or adjust any aspects of the strategy according to your specific trading goals or preferences!
RupaliStocksThe RupaliStocks indicator is a comprehensive tool for technical analysis, designed to combine key trading signals, moving averages, volume analysis, and price action. It provides valuable insights into market trends, momentum, and potential entry/exit points. The script incorporates ATR trailing stops, EMA crossovers, volume signals, and pivot levels for well-rounded market analysis.
Key Features:
ATR Trailing Stop:
Uses the Average True Range (ATR) to set trailing stops for positions, helping traders identify potential reversal points or trailing stop losses.
The trailing stop is calculated with a configurable period (default 20) and a multiplier (default 4.5).
Buy/Sell Signals:
Buy and Sell signals are generated based on price crossing above or below the trailing stop level, making it easier to follow trends.
These signals are displayed with triangle shapes on the chart, marking potential trade entry or exit points.
Exponential Moving Averages (EMA):
Plots different EMAs across multiple time frames to identify trend direction.
Includes 9 EMA, 15 EMA, 72 EMA, and 89 EMA, allowing traders to spot short-term and long-term trends.
Crossover signals are used to define trend shifts, with colored backgrounds indicating bullish or bearish conditions.
VWAP (Volume Weighted Average Price):
The script plots the VWAP, which helps traders assess the average price weighted by volume.
It is particularly useful for determining the market's overall trend or fair value price.
Unusual Volume Detection:
Identifies unusual trading volume spikes that may indicate significant price movements or market sentiment changes.
Unusual volume up or down is detected when the volume is 1.2 times higher than the 20-period SMA of the volume.
Pivot Points:
The script calculates Pivot, Top Central (TC), and Bottom Central (BC) levels based on daily high, low, and close prices.
These pivot levels are essential for identifying potential support and resistance areas.
Daily Open, Previous Day High/Low/Close:
Tracks and plots the daily open price, as well as the previous day’s high, low, and close prices.
These levels are displayed as circles on the chart, helping traders visualize key levels from previous sessions.
Customizable MA Lengths:
Provides options to plot various simple moving averages (SMA) with customizable lengths (21, 50, 100, 200) for short, medium, and long-term trends.
EMA Pipeline:
Displays a combination of high and low EMAs (default period 90) to give a smoothed view of price movements, further helping traders understand market flow.
Candle Color Customization:
Changes the color of candles based on their relationship to the EMA (72 or 89). Green indicates bullish sentiment, red for bearish, and yellow for indecision.
Additional Features:
Multi-timeframe support: The script allows pulling data from different timeframes (1 minute, 3 minute, etc.), making it versatile for intraday and longer-term traders.
EMA Cross Highlighting: Highlights key EMA crossovers with colored areas to indicate bullish (green) or bearish (red) momentum.
Background Color Shading: Provides visual cues for price movements relative to EMA, enhancing the readability of trends.
This indicator is particularly useful for trend-following strategies, breakout trading, and volume-based decision-making.
Suggested Uses:
Trend Following: Use EMA crossovers and ATR trailing stops to ride trends and manage risk with stop-loss levels.
Volume Analysis: Identify market sentiment shifts using unusual volume spikes.
Pivot Points: Determine intraday support and resistance using calculated pivot levels.
VWAP Trading: Trade around the VWAP to find fair value entry or exit points.
Backside Bubble ScalpingFrom LIHKG
Pine from Perplexity AI
以下是Backside Bubble Scalping策略的使用說明，旨在幫助交易者理解如何在美股交易中應用這一策略。
使用說明：Backside Bubble Scalping 策略
1. 前提條件
交易時間：此策略適用於香港時間晚上9:30 PM至12:00 AM。
圖表類型：使用1分鐘圖表進行交易。
2. 策略概述
Backside Bubble Scalping策略包含兩種主要的設置：尖backside和鈍backside。這些設置通常在10:00 PM至12:00 AM之間出現。
3. 指標設定
VWAP（粉紅色）：成交量加權平均價格，用於識別市場趨勢。
9 EMA（綠色）：9期指數移動平均線，用於捕捉短期價格變化。
4. 識別 Backside 設置
尖backside
特徵：
當市場趨勢為純紅色下跌，並形成尖尖的V形底部。
入場條件：
當價格突破9 EMA並經過小幅盤整後，進場做多。
鈍backside
特徵：
在混合顏色的趨勢中，形成鈍鈍的V形底部。
入場條件：
在盤整期間進場做多。
5. 止損和止盈設置
止損位置：
尖backside：設置在9 EMA上方的盤整範圍底部加上0.2。
鈍backside：設置在V底部的最低點加上0.2。
止盈位置：
尖backside：當價格跌破VWAP或出現一根K線沒有跟隨時出場。
鈍backside：當一根K線的三分之二身體向下突破9 EMA時出場。
6. 操作步驟
監控市場動態：在指定的交易時間內，觀察VWAP和9 EMA的變化。
識別入場信號：根據尖backside或鈍backside的條件進行判斷，確定何時進場。
設置止損和止盈：根據上述條件設置止損和止盈位，以管理風險。
執行交易：根據信號執行交易，並持續監控市場情況以調整策略。
7. 注意事項
避免在VWAP附近進行交易，以減少失敗風險。
如果出現影線（wick bar），建議不要進行交易，因為這可能表示該設置失敗。
Fractal WavesSummary of the "Fractal Waves" Indicator
The "Fractal Waves" indicator is a multifaceted trading tool designed for TradingView that combines various technical analysis methods to help traders identify potential market trends and trading opportunities. It overlays multiple analyses directly onto price charts, providing a comprehensive visual representation of market dynamics.
Key Features:
Fractal Wave Detection and Visualization:
Purpose: Identifies fractal highs and lows to signal potential trend reversals or continuations.
Functionality: Calculates fractal highs, lows, and midpoints on both the current and an additional user-selected timeframe. Plots lines at these fractal points with color coding to distinguish between bullish and bearish trends. Fills areas between fractal highs and lows with background colors to enhance visual cues. Updates fractal lines dynamically as new fractals are identified. Multiple Time Frame Moving Averages (MTF MA):
Purpose: Provides insight into trend directions across different timeframes.
Functionality: Allows plotting of up to three customizable moving averages from different timeframes on the current chart. Users can select the type of MA (SMA, EMA, DEMA, VWMA, RMA, WMA), length, resolution, and color. Optionally displays labels showing MA details like type, length, and resolution for clarity. Bar Pattern Identification (Inside and Outside Bars):
Purpose: Highlights specific bar patterns that may indicate market indecision or breakout potential.
Functionality: Detects inside bars (where the current bar's range is within the previous bar) and outside bars (where the current bar's range exceeds the previous bar). Colors bars based on whether they are bullish or bearish inside/outside bars using user-defined colors. Utilizes "The Strat" methodology to assign numbers (1 for inside bars, 2 for directional bars, 3 for outside bars) and plots them above the bars. Wicked Wicks Visualization:
Purpose: Highlights significant wicks that may indicate rejection at certain price levels.
Functionality: Identifies long upper wicks (top wicks) and lower wicks (bottom wicks) relative to previous bars. Plots custom candles to emphasize these wicks with specific background and border colors. Aids in recognizing potential reversals or strong buying/selling pressure. Volume Weighted Average Price (VWAP):
Purpose: Helps identify the average trading price weighted by volume, acting as dynamic support or resistance.
Functionality: Calculates and plots the daily VWAP, updating at the start of each session. Changes VWAP line color at session start for visual differentiation. Applicable primarily to intraday charts (60-minute timeframe or lower). Volume and Extreme Volume Reversal (EVR) Analysis:
Purpose: Detects areas of unusually high volume that may precede price reversals.
Functionality: Tracks the highest volume bars of the current and previous day. Plots boxes and lines to highlight extreme volume areas. Changes candle colors for high-volume bars to draw attention. Calculates and plots potential reversal levels based on extreme volume. Rate of Change (ROC) and Average True Range (ATR) Ratio Analysis:
Purpose: Assesses price momentum relative to volatility to predict trend changes.
Functionality: Calculates the ROC and ATR over specified lengths. Computes the ratio of ROC to ATR to gauge momentum. Plots bullish or bearish dots on the chart when ROC-ATR ratio aligns with the fractal trend, indicating potential trend shifts. Provides alerts when a new bullish or bearish trend is detected. Average Volume Weighted Average Price (AVWAP) with Dynamic Lookback Periods:
Purpose: Identifies key price levels based on volume-weighted averages over specific lookback periods.
Functionality: Calculates AVWAPs from the highest and lowest points over dynamic or manual lookback periods. Adjusts lookback periods automatically based on the current chart timeframe or uses user-defined periods. Plots AVWAP lines and fills the area between them, highlighting overlaps which may signify significant support/resistance levels. Fractal Wave Table Across Multiple Timeframes:
Purpose: Provides a quick overview of fractal trends and inside bar patterns across various timeframes.
Functionality: Displays a table at the bottom of the chart showing fractal wave values and inside bar statuses for timeframes from 5 minutes to monthly. Uses color coding to indicate bullish or bearish trends and whether the price is above or below the fractal wave. Indicates inside bars with symbols and colors to quickly identify consolidation periods. Alert Conditions:
Purpose: Keeps traders informed of significant market events without constant monitoring.
Functionality: Triggers alerts for: Bullish or bearish trend changes when the ROC-ATR ratio aligns with the fractal trend. Price crossing above a fractal high or below a fractal low. Formation of new bullish or bearish fractals. EVR-based potential long or short opportunities.
Usage Notes:
Customization: The indicator offers extensive customization options, allowing users to adjust colors, timeframes, calculation periods, and display preferences to suit their trading style. Timeframe Considerations: Some features, like EVR analysis and intraday VWAP, are optimized for intraday timeframes (up to 60 minutes). The indicator adjusts calculations and visualizations based on the current chart's timeframe. Comprehensive Analysis: By combining multiple technical analysis tools—such as fractals, moving averages, volume analysis, and bar patterns—the indicator provides a holistic view of market conditions. Visual Clarity: The use of color coding, labels, and symbols enhances visual interpretation, making it easier for traders to identify patterns and trends at a glance. Alerts and Notifications: Built-in alert conditions help traders stay informed of key market developments, enabling timely decision-making without the need for constant chart monitoring.
Conclusion:
The "Fractal Waves" indicator serves as an advanced analytical tool that synthesizes various technical indicators to support traders in market analysis. By overlaying fractal patterns, moving averages from multiple timeframes, volume analysis, and bar patterns onto price charts, it aids in identifying potential trading opportunities and understanding market dynamics across different timeframes. The combination of visual cues and alert notifications makes it a valuable asset for traders seeking deeper insight into market behavior.
