Red Volume Tsunami The RedVolume Tsunami indicator helps identify potential entry points into a short position based on abnormal volumes and candlestick patterns.
The main components of the indicator
-Analyzes the current volume relative to historical data
-Detects abnormally high volumes (spikes)
-Identifies bearish candlesticks against a background of increased volume
-Filters candles by size and volume
-Detects candlesticks with abnormally high volume
Configuration Options
-Period for calculating the historical volume : The length of the period for calculating the average/maximum volume
-Volume jump threshold : Multiplier relative to the average volume to determine the jump
-Use EMA instead of SMA : Switch between EMA and SMA to calculate the average volume
-Relative volume threshold for alerts : The percentage threshold for generating alerts
-The label is shifted downwards (in points): Vertical displacement of the signal label
-SHORT label color: Label color for bearish signals
-Length of avg : The period for the moving average volume
-Avg size coef : Multiplier for determining significant volume
-Candle size filter (%): Minimum candle size as a percentage for filtering
Visualization
The indicator displays:
A bar chart of relative volume (to the average), colored orange when the alert threshold is reached
The line of relative volume to the historical maximum (red line)
Horizontal levels:
The average volume level (gray dotted line)
Volume jump threshold (orange dotted line)
Alert threshold (red dotted line)
"🌊 TSUNAMI" tags when conditions for a bearish position are met
Alerts
The indicator turns on the "RED TSUNAMI" alert, which is triggered when the conditions for the SHORT signal are met.
Shortsetup
PROFIT ZONE PRO Profit Zone Pro:
ProfitZone Pro is a risk-reward indicator that helps traders identify trade setups, manage risk, and set profit targets. Designed for simplicity, this free tool generates entry, stop-loss, and take-profit levels based on support and resistance, Trailing Stoploss and built in automated alerts, with additional features to enhance trade planning, Along with a learning mode based on successful trades made
Features
Trade Setup Identification: Detects potential buy (long) or sell (short) entries using support and resistance levels, with an optional trend filter based on a 50-period SMA.
Risk-Reward Zones: Displays entry (yellow), stop-loss (red), and take-profit (green) levels, with shaded risk (red) and reward (green) zones.
Position Sizing: Calculates position size based on user-defined risk percentage and account balance.
Breakeven and Trailing Stop: Includes a breakeven feature to move the stop-loss to the entry price at a user-defined percentage of the take-profit distance, and an optional trailing stop to lock in profits.
Confidence Score: Provides a volatility-based confidence score (0-100%) to assess setup reliability.
Learning Adjustment: Adjusts stop-loss distances based on the number of successful trades entered by the user.
Info Label: Shows position size, risk, reward, direction, confidence score, ATR, trend direction (if enabled), and trailing stop status.
Alerts: Sends notifications for entry, stop-loss, take-profit, breakeven, trailing stop, and theme changes.
Customizable Display: Offers options for zone opacity, line styles (solid, circles, dotted), zone labels, and color themes (Light, Dark, Custom).
Long Mode Feature:
Short Mode Feature:
Trend Filter Feature:
Auto Trading Mode:
Usage Instructions
Add the indicator to your chart.
Adjust settings in the indicator’s properties:
Set Risk % of Account and Account Balance to define your risk and position size.
Choose Trade Direction (Auto, Long, or Short) to filter setups.
Enable Trend Filter to align trades with the market trend.
Turn on Trailing Stop and set Trailing Stop % of Reward to lock in profits.
Customize visuals (zone opacity, line style, colors) as needed.
Monitor the chart for entry (yellow), stop-loss (red), and take-profit (green) levels.
Use the info label to view position size, risk, reward, confidence score, and other details.
Set alerts for entry, stop-loss, take-profit, breakeven, and trailing stop events.
After a successful trade, increment Number of Successful Trades to adjust future stop-loss distances.
This Script is to help you have a better idea on those famous questions we ask ourselves:
Entry
Take Profit
Stoploss
The confidence score, R:R calculator, Trend Filter, Learning Mode further helps to zone in on accuracy
Happy Trading
- EZ ALGO
Position resetThe "Position Reset" indicator
The Position Reset indicator is a sophisticated technical analysis tool designed to identify possible entry points into short positions based on an analysis of market volatility and the behavior of various groups of bidders. The main purpose of this indicator is to provide traders with information about the current state of the market and help them decide whether to open short positions depending on the level of volatility and the mood of the main players.
The main components of the indicator:
1. Parameters for the RSI (Relative Strength Index):
The indicator uses two sets of parameters to calculate the RSI: one for bankers ("Banker"), the other for hot money ("Hot Money").
RSI for Bankers:
RSIBaseBanker: The baseline for calculating bankers' RSI. The default value is 50.
RSIPeriodBanker: The period for calculating the RSI for bankers. The default period is 14.
RSI for hot money:
RSIBaseHotMoney: The baseline for calculating the RSI of hot money. The default value is 30.
RSIPeriodHotMoney: The period for calculating the RSI for hot money. The default period is 21.
These parameters allow you to adjust the sensitivity of the indicator to the actions of different groups of market participants.
2. Sensitivity:
Sensitivity determines how strongly changes in the RSI will affect the final result of calculations. It is configured separately for bankers and hot money:
SensitivityBanker: Sensitivity for bankers' RSI. It is set to 2.0 by default.
SensitivityHotMoney: Sensitivity for hot money RSI. It is set to 1.0 by default.
Changing these parameters allows you to adapt the indicator to different market conditions and trader preferences.
3. Volatility Analysis:
Volatility is measured based on the length of the period, which is set by the volLength parameter. The default length is 30 candles. The indicator calculates the difference between the highest and lowest value for the specified period and divides this difference by the lowest value, thus obtaining the volatility coefficient.
Based on this coefficient, four levels of volatility are distinguished.:
Extreme volatility: The coefficient is greater than or equal to 0.25.
High volatility: The coefficient ranges from 0.125 to 0.2499.
Normal volatility: The coefficient ranges from 0.05 to 0.1249.
Low volatility: The coefficient is less than 0.0499.
Each level of volatility has its own significance for making decisions about entering a position.
4. Calculation functions:
The indicator uses several functions to process the RSI and volatility data.:
rsi_function: This function applies to every type of RSI (bankers and hot money). It adjusts the RSI value according to the set sensitivity and baseline, limiting the range of values from 0 to 20.
Moving Averages: Simple moving averages (SMA), exponential moving averages (EMA), and weighted moving averages (RMA) are used to smooth fluctuations. They are applied to different time intervals to obtain the average values of the RSI.
Thus, the indicator creates a comprehensive picture of market behavior, taking into account both short-term and long-term dynamics.
5. Bearish signals:
Bearish signals are considered situations when the RSI crosses certain levels simultaneously with a drop in indicators for both types of market participants (bankers and hot money).:
The bankers' RSI crossing is below the level of 8.5.
The current hot money RSI is less than 18.
The moving averages for banks and hot money are below their signal lines.
The RSI values for bankers are less than 5.
These conditions indicate a possible beginning of a downtrend.
6. Signal generation:
Depending on the current level of volatility and the presence of bearish signals, the indicator generates three types of signals:
Orange circle: Extremely high volatility and the presence of a bearish signal.
Yellow circle: High volatility and the presence of a bearish signal.
Green circle: Low volatility and the presence of a bearish signal.
These visual markers help the trader to quickly understand what level of risk accompanies each specific signal.
7. Notifications:
The indicator supports the function of sending notifications when one of the three types of signals occurs. The notification contains a brief description of the conditions under which the signal was generated, which allows the trader to respond promptly to a change in the market situation.
Advantages of using the "Position Reset" indicator:
Multi-level analysis: The indicator combines technical analysis (RSI) and volatility assessment, providing a comprehensive view of the current market situation.
Flexibility of settings: The ability to adjust the sensitivity parameters and the RSI baselines allows you to adapt the indicator to any market conditions and personal preferences of the trader.
Clear visualization: The use of colored labels on the chart simplifies the perception of information and helps to quickly identify key points for entering a trade.
Notification support: The notification sending feature makes it much easier to monitor the market, allowing you to respond to important events in time.
Scalping long-shortThe Scalping long-short indicator is a comprehensive system for analyzing candle patterns and trading volume, designed for use in a scalping strategy. The main purpose of the indicator is to identify the key points of changing market sentiment and provide the trader with accurate signals for entering a trade.
The main components of the indicator:
1. Candle Pattern Analysis:
The indicator analyzes four main candle patterns:
-A Bullish Hammer is a candle with a small body and a long lower tail, which indicates the possible completion of a downward movement and the beginning of an uptrend.
-Bearish Hanging Man is a candle similar to a bullish hammer, but it appears after an upward movement, signaling the possible beginning of a downtrend.
-Bullish Engulfing is a candle with a large body that completely covers the body of the previous candle, showing strong buyer interest.
-Bearish Engulfing is the reverse situation, when a large bearish candle absorbs the previous bullish candle, indicating the predominance of sellers.
-Doji is a candle with almost identical opening and closing prices, indicating market indecision.
For each of these patterns, the indicator sets certain threshold values that the user can adjust to their preferences and features of the trading instrument.
2. Volume analysis:
The volume is an important confirmation of the strength of the signal. The indicator compares the current volume with the average value for the user-selected period (length parameter) multiplied by the volumeMultiplier coefficient. If the current volume exceeds this indicator, the signal is considered confirmed.
3. Visual indication:
Graphical elements corresponding to each type of signal are displayed on the price chart.:
-The green triangle down is a buy signal (bullish hammer or bullish takeover).
-The red triangle up is a sell signal (bearish hanging or bearish engulfing).
-The yellow diamond is a neutral state (doji).
These visual cues help you quickly assess the current market situation without having to analyze each candle manually in depth.
4. Alerts:
The indicator supports setting alerts that can be sent via the TradingView platform or other supporting systems. This allows the trader to receive notifications about the occurrence of new signals even outside the workplace.
Settings:
The user can change the following settings:
-Length is the period for calculating the average volume.
-Multiplier is a multiplier for the thresholds of candle patterns.
-HammerThreshold, HangingManThreshold, EngulfingThreshold, DojiThreshold are Thresholds for recognizing specific candlestick patterns.
-VolumeMultiplier is a coefficient for comparing the current volume with the average value.
These parameters allow you to adapt the indicator to various trading instruments and time intervals, making it a universal tool for a wide range of traders.
Conclusion:
The Scalping long-short indicator combines powerful analytical tools to identify key points in the market, providing the trader with clear and timely signals for making trading decisions. Its flexibility and fine-tuning capability make it useful for both beginners and experienced market participants.
Thrax - QuickStrike 5-Mins Scalping** Indicator Description **
1. Price Change Threshold (%) – The minimum price change required for a candle to be recognized as significant. Candles exceeding this threshold are considered potential candidates for zone creation. Default value for 5 min is 0.5%. As you move on higher timeframe the threshold should increase
2. Percentage Change for Zones (%) – The amount of price movement needed to form a dynamic support or resistance zone. Tweak this to control how sensitive the indicator is to price fluctuations. 5 min default value is 1%. For 15 min suggested is 2-3%.
3. Break Threshold for Zones (%) – Defines how much price must break above or below a zone for it to be removed from the chart/mitigated. Keeps the chart clean by removing invalidated zones. Default value is 0.1% in 5 min, for 15 min it is 0.5%.
4. Buy Zone Retracement Level (%) – The percentage retracement level for defining the inner buy zone within a broader bullish zone. Ideal for timing precision entries. Ideal value is 75%
5. Sell Zone Retracement Level (%) – The percentage retracement level used to determine the inner sell zone within a larger bearish zone. Helps in identifying potential reversal areas or exits. Ideal value is 25%
By tailoring these inputs, traders can fully customize the indicator to suit their scalping strategies, enhancing their ability to navigate fast-moving markets with confidence.
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There are two primary approaches for scalping using this indicator:
1. Candle-Based Scalping:
a. Bullish Signal: When you observe a bullish candle highlighted in blue (by default), you can consider entering a long position at the close of this candle. It’s advisable to wait for the candle to close before taking action. For a more aggressive scalp, you might take profits based on your scalp target after a few subsequent candles. If the price remains stagnant or moves unfavorably in the next few candles, you can exit with a small loss. Alternatively, if you have a higher risk tolerance, you may hold the position even if the price initially declines within a set percentage.
b. Bearish Signal: For a bearish candle highlighted in yellow, you can enter a short trade at the close of the candle. Similar to the bullish setup, you have the option to exit after a few candles if the price doesn’t move as expected or hold the position with a higher risk tolerance if the price goes up initially.
2. Zone-Based Scalping:
Entering Zones: Monitor the price as it enters a defined support or resistance zone. If you are open to higher risk, you can enter a trade immediately upon the price entering the zone. For a more cautious approach with a smaller stop loss, wait for the price to reach a retracement level within the zone before initiating your trade. This approach allows for a more precise entry but may result in missing out on trades if the price reverses before hitting the retracement level. Conversely, entering at the zone’s boundary offers the potential for early trade capture but comes with a higher stop loss risk.
Adjust these strategies based on your risk tolerance and trading preferences to optimize your scalping opportunities.
Nightrangers IndicatorDescription
This indicator combines three EMA's, Ichimoku Cloud, RSI and MACD. By combining and modifying their use case this turns into an extremely powerful and accessible indicator for finding long and short position entries, below is a description of how to use this indicator, and what makes it different.
Primary Use case
The three EMA's would be the initial indicators you would be looking at, they are based on the 7d, 25d and 200d MA - Used on their own, they would be worthless, and this is where the Ichimoku Cloud comes into it, I have removed all other aspects of the Ichimoku Cloud and only kept the baseline, combine this with the three MA's and we have a very powerful indicator for finding Long entries, that is used uniquely in a way to which the Ichimoku Cloud is not originally meant to be used for.
An early indication of a LONG entry would be when the 7d MA crosses above the Ichimoku Baseline, through this early indicator, you are able to watch and monitor the chart, you would be waiting to see if the 25d MA then also crosses above the Ichimoku Baseline, This would be the second important indication of a long entry. The 200d MA helps here when making decisions on where to set your own personal take profits - If the Ichimoku baseline, and the MA's are below the 200d MA, you would be expecting a bounce point here, or heavy resistance so the long entry could be over a shorter period, than that if it was above the 200d MA, which is why it is included here, to help make a better informed choice.
The latter is reversed for finding short positions, and entries. This indicator is completely reliant on each other to find the best possible entry/exit by complementing each other, and by using the Ichimoku Baseline on it's own, and not as the Ichimoku Cloud is intended.
Just using these though, is not enough, which is why the RSI and MACD are also combined, once the conditions are met above, You may find that there can be false positives for entries, and this is where the RSI has multiple use cases within this script.
Firstly the backdrop colour will change based on whether the chart is in an uptrend or downtrend, This is a visual indicator provided to work simultaneaously on the chart itself to help identification of entries/exits easier to identify in conjunction with the above.
Secondly, It is used to display in the top right, The current Trend in a text format, as well as if the current chart is in one of three phases, these are Overbrought, Oversold and accumulation.
And finally it will display the current RSI Value on the last candle in a clear to see blue Label, This helps with the visual accessible side, to help you make a more informed choice depending on your own personal tolerance.
This ties into the above Indicators, by combining the information, you would not be looking to take a long, if for example, the RSI showed it was over-brought, and in a downtrend, even if the MA's had crossed above the Baseline, as this would most likely be a fakeout.
However if the Indicators above, showed a potential long, and the backdrop had flipped green, indicating an uptrend, and it was in an accumulation phase, you would consider this position. and this is where the MACD comes into play.
You would use the MACD to see whether or not the Signal line has crossed over the MACD line, and vice versa - However this script uses it to simplify and portray current market sentiment, and visually display by reducing clutter on screen, and making it more accessible.
It is designed to portray an easy to read and understand visual indicator by displaying in the top right simply as Bullish or Bearish, with markers above the candles ( "M" and "MX" ).
The M indicator is to show where the MACD Crosses above the Signal, and if aligned with all the other indicators within the script, shows a very strong confirmation for a buying opportunity, and vice versa for the "MX" indicator if aligned with the other indicators in reverse, provides a very strong confirmation for opening a short position or for selling.
Secondary Use case
By combining the indicators above, the secondary conditions you would be looking for, If you opened a LONG position, would be knowing when to sell, On top of what has been described above already regarding this, you would be looking to start taking profits, when the 7d MA crosses above or across the candles, and looking to close the position, when the 25d MA also crosses above the candles, and respectively, in reverse for closing short positions. This is shown across the charts to be extremely useful, however, combine this with the other indicators, portrayed in an easy to use and understand visual representation, you are now able to make more informed decisions, on whether to close a position or not.
How is it different and not just a mash up
I have combined these indicators to make the world of trading more accessible for everyone regardless of circumstances, by creating an easy to understand visual representation, keeping colours vibrant and easy to stand out, with clear and simple to read text indications. So whether you are a seasoned trader, or just starting out, you can make more informed choices, without the need of learning how to use multiple different indicators, and learning how to combine them all, or if you have difficulties learning, this indicator also simplifies a lot of the more technical intricacies, by still allowing you to make a more informed choice.
Buy/Sell BoxThis indicator tries to identify the points where the price exceeds or falls below a rectangle based on the opening and closing prices of the previous period, the creation of the boxes occurs when a doji is detected therefore it will calculate the coordinates of the rectangle that will be drawn around it, therefore the indicator offers buy or sell signals based on this logic. Specifically, the buy signal is generated if the closing price is above the top of the rectangle and satisfies some previous price conditions while the sell signal is generated if the closing price is below the bottom of the rectangle and satisfies some conditions of previous prices within a further threshold based on the Ema 150.
Lines are then drawn on the graph to visually display the extreme price levels, which can be useful for any confirmation of buy and sell signals, Stop Loss and Take Profit, Trend Filter (to visually understand if the trend is bullish or bearish)
A potentially effective trading strategy could involve identifying buy and sell signals near the extreme price level lines drawn by the indicator. This approach can be used to try to improve the accuracy of your trading signals and make more informed decisions. For example:
When you receive a buy or sell signal based on the dojis and rectangles generated by the indicator, check whether the price is also near one of the extreme price level lines. If you are receiving a buy signal and notice that the current price is near a low of the lower level line, this may further confirm the buying opportunity, as the price is near a significant resistance level. On the contrary, if the sell signal was close to a maximum price level it could confirm an excellent short entry.
It is also possible to use the boxes as reference points to set the stop loss and take profit levels. If you are entering a buy position, you might consider setting your stop loss just below an upper line of the last box. Additionally, you may want to set your take profit near a higher price level if you are looking to maximize profits. This will help manage risks and protect your capital.
Bar Color Long / Short Indicator With Advised SL Rev 1This is the Revised Version of Bar Color Long / Short Indicator With Advised SL with some extra features
Overview
This script is a trading indicator named "Bar Color Long / Short Indicator With Advised SL" designed for the TradingView platform. The indicator's primary purpose is to provide entry signals for long and short positions, based on various technical analysis methods. Additionally, the indicator suggests stop-loss levels for both long and short positions.
User Inputs
The indicator has several user inputs, such as:
Length
Smoothing
Multiplier
Show bar colors (ON/OFF)
When the bar colors are turned off, the alert signals for long and short positions will be displayed instead.
Custom Risk Calculation
The script calculates a custom risk level based on a modified version of the RSI (Relative Strength Index) formula. The custom risk level is divided into three categories: low, medium, and high.
Sentiment Score Calculation
The indicator calculates a sentiment score based on a combination of methods resembling EMA (Exponential Moving Average), MACD (Moving Average Convergence Divergence), and ROC (Rate of Change). The sentiment score is used to determine if the sentiment is positive or negative.
Bollinger Bands Percent and Combined Signal
The Bollinger Bands Percent is calculated, and the custom risk, sentiment score, and Bollinger Bands Percent are combined to generate a new signal. This signal is used in conjunction with EMA10 to determine the bar colors and provide entry signals.
Bar Colors
Based on the combined signal and EMA10, the script determines the bar colors as follows:
Orange: Positive sentiment
Blue: Negative sentiment
Gray: Neutral
Entry Signals and Alerts
When the bar colors are turned off, the indicator displays large green arrow signals for long (buy) positions and red arrow signals for short (sell) positions based on the sentiment and EMA10 conditions. The script also includes alert conditions for long and short signals, which can be used to set up notifications when these signals are triggered in the TradingView platform.
Advised Stop-Loss Levels
The indicator plots stop-loss lines for both long and short positions at the last candle, accompanied by labels showing the advised stop-loss levels in numeric values
Rev 1
added / changed :
SMA50 slope check
EMA20 higher or lower than EMA10
color ON/OFF changed
Signal once Buy and Sell
Bar Color Long / Short Indicator With Advised SLOverview
This script is a trading indicator named "Bar Color Long / Short Indicator With Advised SL" designed for the TradingView platform. The indicator's primary purpose is to provide entry signals for long and short positions, based on various technical analysis methods. Additionally, the indicator suggests stop-loss levels for both long and short positions.
User Inputs
The indicator has several user inputs, such as:
Length
Smoothing
Multiplier
Show bar colors (ON/OFF)
When the bar colors are turned off, the alert signals for long and short positions will be displayed instead.
Custom Risk Calculation
The script calculates a custom risk level based on a modified version of the RSI (Relative Strength Index) formula. The custom risk level is divided into three categories: low, medium, and high.
Sentiment Score Calculation
The indicator calculates a sentiment score based on a combination of methods resembling EMA (Exponential Moving Average), MACD (Moving Average Convergence Divergence), and ROC (Rate of Change). The sentiment score is used to determine if the sentiment is positive or negative.
Bollinger Bands Percent and Combined Signal
The Bollinger Bands Percent is calculated, and the custom risk, sentiment score, and Bollinger Bands Percent are combined to generate a new signal. This signal is used in conjunction with EMA10 to determine the bar colors and provide entry signals.
Bar Colors
Based on the combined signal and EMA10, the script determines the bar colors as follows:
Orange: Positive sentiment
Blue: Negative sentiment
Gray: Neutral
Entry Signals and Alerts
When the bar colors are turned off, the indicator displays large green arrow signals for long (buy) positions and red arrow signals for short (sell) positions based on the sentiment and EMA10 conditions. The script also includes alert conditions for long and short signals, which can be used to set up notifications when these signals are triggered in the TradingView platform.
Advised Stop-Loss Levels
The indicator plots stop-loss lines for both long and short positions at the last candle, accompanied by labels showing the advised stop-loss levels in numeric values.
Oscillator & SentimentThis script is a custom TradingView indicator that calculates an oscillator and sentiment line based on various input parameters. The oscillator is based on a modified version of My Oscillator, which is a measure of price deviation from its exponential moving average ( EMA ). The sentiment line is a smoothed average of the oscillator values. The script also uses a unique color-coding system to represent the trends in the oscillator and sentiment line, making it visually appealing and easier for traders to identify market movements.
Parameters:
Fast Length: fast EMA length.
Slow Length: slow EMA length.
SMA Length: simple moving average length .
Sentiment Length: The length for calculating the sentiment line.
LengthInputRoR: A constant value used for the highest and lowest calculations.
Calculations:
Highest and Lowest: The highest and lowest values of the Simple Moving Average of high and low prices over the LengthInputRoR period.
Price Calculation (HLC2): The average of the high, low, and close prices divided by ...
My Oscillator ( SMO ): A measure of price deviation from the EMA5. It is calculated with HLC2 , EMA5, STDDEVS
Sentiment: A Simple Moving Average of My Oscillator over the sentiment_length period.
Colors:
Sentiment Color: Changes based on the current sentiment value relative to the previous value. It can have three different color variations to represent increasing, decreasing, or steady sentiment.
Candle Color: Adjusts according to the close price relative to the highest and lowest values. It helps traders to quickly identify if the price is in a strong or weak position.
Key Features:
Unique Oscillator and Sentiment Combination:
The script integrates My Oscillator and a sentiment line calculation, providing a comprehensive view of the market. The oscillator is a deviation-based indicator that is responsive to market trends, while the sentiment line offers a smoothed representation of the oscillator values.
Intuitive Color-Coding System:
Bullish state Confirmed: The oscillator is green and the sentiment is above 0 and below the oscillator.
Bearish state Confirmed: The oscillator is red and the sentiment line is below 0 and above the oscillator.
Neutral state: The oscillator is yellow above or below 0, normally a risk off area and wait for direction confirmation, doesn't mean that there can't be a Long or Short possibility.
Neutral state often also gives Long or Short Setup's when the oscillator is 1 for Long and -1 for Short, but in the Neutral state there will be more chance of moves up or down.
The Script will also color the candles in the main-chart the same as the oscillator colors
Enhanced Market Analysis:
The combination of the oscillator, sentiment line, and color-coding system provides traders with valuable insights into the market's direction, strength, and momentum, ultimately helping them make more informed trading decisions.
** This script is a great to use together with my other script: "Long & Short / Bullish & Bearish & Neutral / Sentiment" ( it will color the bars so if you use them together turn off barcolor in this one if you like that system: "Long & Short / Bullish & Bearish & Neutral / Sentiment")
Long & Short / Bullish & Bearish & Neutral / Sentiment LONG and SHORT signal generation:
The LONG and SHORT signals in this script are generated based on a combination of sentiment, price strength, and volume strength calculations. The following parameters and calculations are used in determining these signals:
Sentiment:
The sentiment is calculated using a Simple Moving Average ( SMA ) of the SMO (oscillator) over a specified sentiment_length.
Price Strength:
The price strength is calculated as the percentage change in the closing price compared to the previous closing price.
Volume Strength:
The volume strength is calculated as the percentage change in the trading volume compared to the previous trading volume .
Custom Oscillator:
This oscillator is calculated as the difference between price strength and volume strength, followed by calculating its SMA over a specified strength_length.
The LONG signal is triggered when:
The sentiment_diff (difference between the oscillator and the SMA oscillator) is greater than 0, and the close price is greater than the fast EMA ( Exponential Moving Average ) of the close price, OR
The custom oscillator crosses over its SMA , and the close price is greater than the open price, and the close price of the previous period is greater than the close price of two periods ago.
The SHORT signal is triggered when:
The sentiment_diff is less than 0, and the close price is less than the fast EMA of the close price, OR
The custom oscillator crosses under its SMA , and the close price is less than the open price, and the close price of the previous period is less than the close price of two periods ago.
Color change description:
The color change in this script is based on the relationship between the close price and the highest/lowest SMAs of the high/low price over a specified lengthInputRoR. The following colors are used:
Green:
Bullish area (close price is greater than the highest SMA of the high price)
Red:
Bearish area (close price is less than the lowest SMA of the low price)
Yellow:
Neutral area (close price is between the highest and lowest SMAs of the high and low prices)
Color meaning description:
Yellow (Neutral Area):
This color indicates that the close price is between the highest and lowest SMAs of the high and low prices, signaling more caution and uncertainty in the market.
Green ( Bullish Area):
This color represents a bullish market condition where the close price is greater than the highest SMA of the high price, suggesting a higher probability of a successful LONG position.
Red ( Bearish Area):
This color signifies a bearish market condition where the close price is less than the lowest SMA of the low price, indicating a higher probability of a successful SHORT position.
Support and Resistance lines explanation:
Support and resistance lines are calculated based on the highest and lowest prices over a specified number of periods. These lines are used to identify significant price levels where the market may experience increased buying or selling pressure.
Resistance:
The resistance line is calculated using the highest high price over a specified number of periods. This line represents a price level where selling pressure is expected to increase, making it more difficult for the price to rise further. Traders often consider resistance levels as potential entry points for SHORT positions or exit points for LONG positions.
Support:
The support line is calculated using the lowest low price over a specified number of periods. This line represents a price level where buying pressure is expected to increase, making it more difficult for the price to fall further. Traders often consider support levels as potential entry points for LONG positions or exit points for SHORT positions.
The resistance and support lines are plotted using different colors to help traders visualize the important price levels where the market may experience a reversal or consolidation.
Final Words:
This script provides LONG and SHORT signals and alerts based on a combination of sentiment, price strength, and volume strength calculations. It is designed to serve as a high-quality aid for executing well-informed trading ideas. However, it's important to note that the LONG and SHORT signals and alerts generated by this script should not be considered as trading advice. Traders should always conduct their own research and analysis before making any trading decisions. The script aims to assist in visualizing important market trends and price levels, helping traders make more informed decisions based on their personal trading strategies.
My LONG and SHORT signals and Bullish and Bearish by seatripsLONG and SHORT signal generation:
The LONG and SHORT signals in this script are generated based on a combination of sentiment, price strength, and volume strength calculations. The following parameters and calculations are used in determining these signals:
Sentiment: The sentiment is calculated using a Simple Moving Average ( SMA ) of the SMO (oscillator) over a specified sentiment_length.
Price Strength: The price strength is calculated as the percentage change in the closing price compared to the previous closing price.
Volume Strength: The volume strength is calculated as the percentage change in the trading volume compared to the previous trading volume .
Custom Oscillator: This oscillator is calculated as the difference between price strength and volume strength, followed by calculating its SMA over a specified strength_length.
The LONG signal is triggered when:
The sentiment_diff (difference between the oscillator and the SMA oscillator) is greater than 0, and the close price is greater than the fast EMA ( Exponential Moving Average ) of the close price, OR
The custom oscillator crosses over its SMA , and the close price is greater than the open price, and the close price of the previous period is greater than the close price of two periods ago.
The SHORT signal is triggered when:
The sentiment_diff is less than 0, and the close price is less than the fast EMA of the close price, OR
The custom oscillator crosses under its SMA , and the close price is less than the open price, and the close price of the previous period is less than the close price of two periods ago.
Color change description:
The color change in this script is based on the relationship between the close price and the highest/lowest SMAs of the high/low price over a specified lengthInputRoR. The following colors are used:
Green: Bullish area (close price is greater than the highest SMA of the high price)
Red: Bearish area (close price is less than the lowest SMA of the low price)
Yellow: Neutral area (close price is between the highest and lowest SMAs of the high and low prices)
Color meaning description:
Yellow (Neutral Area): This color indicates that the close price is between the highest and lowest SMAs of the high and low prices, signaling more caution and uncertainty in the market.
Green ( Bullish Area): This color represents a bullish market condition where the close price is greater than the highest SMA of the high price, suggesting a higher probability of a successful LONG position.
Red ( Bearish Area): This color signifies a bearish market condition where the close price is less than the lowest SMA of the low price, indicating a higher probability of a successful SHORT position.
Support and Resistance lines explanation:
Support and resistance lines are calculated based on the highest and lowest prices over a specified number of periods. These lines are used to identify significant price levels where the market may experience increased buying or selling pressure.
Resistance: The resistance line is calculated using the highest high price over a specified number of periods. This line represents a price level where selling pressure is expected to increase, making it more difficult for the price to rise further. Traders often consider resistance levels as potential entry points for SHORT positions or exit points for LONG positions.
Support: The support line is calculated using the lowest low price over a specified number of periods. This line represents a price level where buying pressure is expected to increase, making it more difficult for the price to fall further. Traders often consider support levels as potential entry points for LONG positions or exit points for SHORT positions.
The resistance and support lines are plotted using different colors to help traders visualize the important price levels where the market may experience a reversal or consolidation.
Final Words:
This script provides LONG and SHORT signals and alerts based on a combination of sentiment, price strength, and volume strength calculations. It is designed to serve as a high-quality aid for executing well-informed trading ideas. However, it's important to note that the LONG and SHORT signals and alerts generated by this script should not be considered as trading advice. Traders should always conduct their own research and analysis before making any trading decisions. The script aims to assist in visualizing important market trends and price levels, helping traders make more informed decisions based on their personal trading strategies.
Scot Signal IndicatorThe Scot Signal Indicator is intended as a Scalping Resource. It was designed to work best on the ❗❗ 5 MINUTE CHART with Bitcoin ❗❗ / USD & USDT pairs.
🟡🔼🔽 Yellow Triangles : these are pre-signals. If the triangle is Pointing Down, then look for a possible Short to come, and vice-versa for Upward facing triangles will go Long.
* Be careful, this is a Canary in the Coal Mine, but not the full signal. Going purely on the triangle as a signal could lead to fake-outs more frequently.
🟩 🟥 Green & Red Boxes : these are "Long" & "Short" signals where the indicator feels the time is safe to enter a trade.
❗ EXITING THE TRADE ❗ : this is a scalping indicator, specifically meant for entering trades, NOT EXITING them. An ideal scalp is $100 - $200 Bitcoin move. Though, we run bots using this indicator, taking scalps as little
as $60, performing up to 8 trades a day.
TheStratHelper-Short Reversalsbased on the teachings of Rob Smith
1= Inside Candle
2= Break on one side
3= Englufing Candle/Outside Candle
Identifies short setups like 212, 312, 122 and 22
My potential entry is marked with a green line and a label that tells you the price as well. I typically enter 1 or 2 cents belowthe marked entry.
My potential target (magnitude) is marked with yellow lines and a label that tells you the price as well.
212, 312 and 122 has entry and magnitudes marked. If there are multiple magnitudes, those are marked with yellow lines which has the price written right above them. The program looks at potentially 4 or 5 magnitudes.
No magnitudes marked for a reversal 22.
Most of the colors can be customized
PM me for more info on how to access this indicator
Kelley's LayoutWe use our own proprietary script with a collection of technical indicators that show support and resistance levels as well as momentum and trend direction. The Kelley’s Layout took over 2 years to prefect the formula that allows us to scalp the market in a safe conservative manner. However we do use Moving Averages, Moving Average Convergence Divergence ( MACD ), Simple Moving Average , Golden Ratio, Fibonacci Retracement , Relative Strength Index , and Gann Fan and Square as filters. Using these many filters is the reason why it took us over 2 years to prefect.
1 ~ Simple Moving Average
2 ~ Weighted Moving Average
3~ Convergent Divergent Alpha (Slow)
4~ Convergent Divergent Omega (Fast)
5 ~ Kelley’s Layout Proprietary Bearish Kill Zone
6 ~ Kelley’s Layout Proprietary Bullish Kill Zone
™TradeChartist Rubicon™TradeChartist Rubicon is a beautifully designed functional indicator that helps traders enter and exit Long or Short trades with ease.
This indicator is aptly named Rubicon as it studies the candles in the River of Rubicon (Flat Blue River that never stops flowing up and down the chart) through the Lands of Rubicon to find out which army ( Bulls or Bears ) is committing itself to crossing the River and its tides. By doing this for every price candle, the indicator generates BUY and SELL signals along with Targets and real-time Gains on the chart.
What does the ™TradeChartist Rubicon Indicator do?
Plots very high probability BUY and SELL signals on chart
-- Real-time signals are plotted in Orange labels. (Note: Real-time signals repaint. So wait for confirmation before taking a trade position. This feature is included based on feedback from a few traders as some of them like to see a potential direction based on developing candle, its RSI, Stochastic etc.)
-- Confirmed signals are plotted in Green labels for BUY and Red labels for SELL. These signals don't repaint and can be used confidently to enter or exit a trade.
-- Option to choose type of trade opportunity from indicator settings namely - Long trades, Short trades or both, based on which the chart background colour will be green for duration of long trades or red for duration of short trades.
-- Intermediate signals are also plotted between the primary BUY and SELL signals which can be used for re-entry, scalping etc if the opportunity to enter trade at Primary signal was missed. These secondary signals marked as B and S with arrows can be deactivated from indicator settings.
Plots Target levels as soon as BUY or SELL signal is confirmed on chart.
-- These levels can be used as support and resistance levels too.
-- The first 3 TP levels can be used as a litmus test to trade higher levels as the likelihood of price hitting higher profit levels significantly increase when price crosses the first 3 smaller levels.
-- The performance of the current signal can be tracked by using the Show Gains from Primary Signal and the past signals can be accessed by checking Show Past Performance option from Indicator Settings.
Plots % Gains based on candle close in real-time and Max % Gains based on highest since the BUY signal or lowest since the SELL signal. The entry price is normally plotted along with the signals and is an indicative price based on breached resistance. Traders may choose to buy at Market Price or Limit Price based on the price movement at the time of signal generation.
Plots Bulls/Bears waiting price points for chart time-frame if activated from settings. (Default - Not Active)
Automatically plots Bull and Bear power labels along with visually painting the Bull or Bear power on the Lands of Rubicon.
Plots RSI colour candles based on user preferred Overbought and Oversold RSI levels from indicator settings. (Default - 60 Overbought and 30 Oversold)
What markets can this indicator be used on?
Forex
Stocks - works best with 4hr or above and prices calculated taking gaps into account.
Commodities
Cryptocurrencies
and almost any asset on Trading View
Works really well when there is good volume , volatility or both in the asset observed/traded.
What time-frames can this indicator be used on?
This indicator can be used on 1m, 3m, 5m, 10m, 15m, 30m, 1hr, 2hr, 3hr, 4hr, 6hr, 8hr, 12hr, Daily, Weekly, Bi-Weekly and Monthly time-frames. Signal generation based on value, volume and volatility. If an asset has very little volume or is far low in comparative value against the base currency, there can be far too many erratic signals but with most assets, this won't be an issue.
Does this indicator repaint?
No and Yes
-- Once the confirmed BUY (in green) and SELL (in red) signals are posted after a candle close, it doesn't repaint.
-- Repainting happens for real time Orange label BUY and SELL signal on the current candle. Some traders prefer to see the developing signal and trade using RSI, Stochastic etc.
Does the indicator send alerts when a signal is generated?
Yes, traders can get alerts by setting Trading View alerts for BUY/SELL Signals and when a new Profit Target is achieved. For confirmed BUY/SELL alerts, 'Once per bar close' must be used.
Real-time BUY and SELL trigger alerts can also be set using 'Once per bar' or 'Once per minute' as alert frequency.
Some Examples of trades using ™TradeChartist Rubicon indicator
GOLD short trade and Long trade scalping on 15m
GOLD on Daily
SUGAR-USD on 15m
AUD-USD on 5m
LEND-BTC alt pair on Daily
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This is not a free to use indicator. Get in touch with me if you would like access to the indicator for a free trial before deciding on a paid access for a period of your choice.
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Land & SeaI have placed what is needed to know about the indicator at the start of the script. I also placed some hints on the chart.
Ace Pro Short Indicator - 1 Minute ETHUSD Ethereum ChartThe Ace Pro Short - 1 Minute ETHUSD calculates overbought and oversold conditions.
It focuses on momentum to identify whether the market is overbought or oversold.
If it detects that the market is overbought, it gives an alert of “Short Entry”
If it detects that the market is oversold, it gives an alert of “Short Exit"
Users are also able to set notifications on Tradingview with this version of the indicator.
To set an alert, after adding the indicator, at the top left of the chart where the indicator is listed, click on the "more" option (three dots), and then select "Add alert."
PLEASE NOTE THE FOLLOWING:
THE ACE PRO SHORT - 1 MINUTE ETHUSD INDICATOR IS DESIGNED ONLY FOR USE ON THE 1 MINUTE BITSTAMP ETHUSD CHART.
It is only to be used for opening and closing short positions.
It is not recommended for use with long positions.
It is not recommended for use with time frames other than the 1 minute.
In a sideways market, or during a violent move, it is likely to produce false signals.
Traders must use confluence from their technical analysis to enter trades.
Traders must use confluence from their technical analysis to enter trades.
The Ace Pro Short ETHUSD 1 minute has been designed to prioritize successful trades over number of trades.
Ace Pro Short Indicator - 1 Minute BTCUSD Bitcoin Chart The Ace Pro Short calculates overbought and oversold conditions.
It focuses on momentum to identify whether the market is overbought or oversold.
If it detects that the market is overbought, it gives an alert of “Short Entry”
If it detects that the market is oversold, it gives an alert of “Close Short”
Users are also able to set notifications on Tradingview with this version of the indicator.
To set an alert, after adding the indicator, at the top left of the chart where the indicator is listed, click on the "more" option (three dots), and then select "Add alert."
Please note the following:
The Ace Pro Short indicator is designed only for use on the 1 minute Bitstamp BTCUSD chart.
It is only to be used for opening and closing short positions.
It is not recommended for use with long positions.
It is not recommended for use with time frames other than the 1 minute.
In a sideways market, or during a violent move, it is likely to produce false signals.
Traders must use confluence from their technical analysis to enter trades.
Because this is an invite only script, users with a free Tradingview account will not be able to obtain access.
Traders must use confluence from their technical analysis to enter trades.
LetsTrendShortThis Special Indicator pairs great with kiki, and it is meant to let you know when a high probability short opportunity arises.
Only one rule to this indicator, Only enter a short trade when the signal candle is below the purple line.
Comments? Concerns? Post them in the comments below, really just looking for feedback from traders.
Happy Trading!
Bitcoin: 3M8cMjWXCbMBRbgMPS95wZGDZXXecL5q9v
Litecoin: MWd2E3T2BwZrPbS3DdYx2vvuapwoPQmvFo
The Apoc OscillatorHere is my official Oscillator that will be going along with my indicator and trading Strategy. The final revision of my indicator and trading Strategy will be on invite only and exclusive to my discord members, however any updates to my oscillator will be public. There is so much to explain Id rather answer any questions personally, feel free to comment below and I will do my best to answer any question you may have. A picture speaks 1,000 words just put The Apoc Oscillator on your chart and see what its trying to tell you. If you like my work don't forget to hit that like button.
