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[Shitcoin Paradise]The MatrixThe Matrix strategy is a strategy developed by @zsone and @edward_Z, that combine multiple indicators and algorithms on various time frames. *Use it only on 4h charts* The Matrix is built for multiple currencies/pairs and user friendly. Features: - possibility to choose your own crypto currencies - setup is ready when the square from the Signal tab is green (3 green dots) - set only 1 alert for the entire script (no need to set one alert for each pair) - it uses multi time frames for better entries - it uses multiple confirmations - it have a safety net (you can set to not buy if the candle is greater than x%) - can be easily paired with 3commas or other trading platform via webhooks - it is user friendly, so it's ready to use/plug and play The Matrix strategy gives setups for entries, after that you can set your own exits (take profit, stop loss, trailing stop...), or you can use our Take Profit + Stop Loss indicator , which is built for The Matrix. For invites, more details and questions, you can send us a private message. Enjoy! Shitcoin Paradise
Pine Script™ Indikator
von Shitcoin_paradise
2
Supertrend with Chop SuppressionA Standard Supertrend indicator with Chop Suppression added to minimize bad entries when the market goes sideways. Chop Suppression will hide alerts/entry signals that otherwise would have been generated during sideway price action. Recommend using this indicator with a secondary long-term trend indicator such as VWAP or 200 EMA . Trade with the long-term trend for higher success rates. You can use either traditional fixed stop loss and profit taking or adjust the stop loss with the rising Supertrend line and exit when color of Supertrend changes. Good luck!
Pine Script™ Indikator
von LA_Crypto_Pirate
6
DAYOFWEEK performance1 -Objective "What is the ''best'' day to trade .. Monday, Tuesday...." This script aims to determine if there are different results depending on the day of the week. The way it works is by dividing data by day of the week (Monday, Tuesday, Wednesday ... ) and perform calculations for each day of the week. 1 - Objective 2 - Features 3 - How to use (Examples) 4 - Inputs 5 - Limitations 6 - Notes 7 - Final Tooughs 2 - Features AVG OPEN-CLOSE Calculate de Percentage change from day open to close Green % (O-C) Percentage of days green (open to close) Average Change Absolute day change (O-C) AVG PrevD. Close-Close Percentage change from the previous day close to the day of the week close (Example: Monday (C-C) = Friday Close to Monday close Tuesday (C-C) = Monday C. to Tuesday C. Green % (C1-C) Percentage of days green (open to close) AVG Volume Day of the week Average Volume Notes: *Mon(Nº) - Nº = Number days is currently calculated Example: Monday (12) calculation based on the last 12 Mondays. Note: Discrepancies in numbers example Monday (12) - Friday (11) depend on the initial/end date or the market was closed (Holidays). 3 - How to use (Examples) For the following example, NASDAQ:AAPL from 1 Jan 21 to 1 Jul 21 the results are following. The highest probability of a Close being higher than the Open is Monday with 52.17 % and the Lowest Tuesday with 38.46 %. Meaning that there's a higher chance (for NASDAQ:AAPL ) of closing at a higher value on Monday while the highest chance of closing is lower is Tuesday. With an average gain on Tuesday of 0.21% Long - The best day to buy (long) at open (on average) is Monday with a 52.2% probability of closing higher Short - The best day to sell (short) at open (on average) is Tuesday with a 38.5% probability of closing higher (better chance of closing lower) Since the values change from ticker to ticker, there is a substantial change in the percentages and days of the week. For example let's compare the previous example ( NASDAQ:AAPL ) to NYSE:GM (same settings) For the same period, there is a substantial difference where there is a 62.5% probability Friday to close higher than the open, while Tuesday there is only a 28% probability. With an average gain of 0.59% on Friday and an average loss of -0.34% Also, the size of the table (number of days ) depends if the ticker is traded or not on that day as an example COINBASE:BTCUSD 4 - Inputs DATE RANGE Initial Date - Date from which the script will start the calculation. End Date - Date to which the script will calculate. TABLE SETTINGS Text Color - Color of the displayed text Cell Color - Background color of table cells Header Color - Color of the column and row names Table Location - Change the position where the table is located. Table Size - Changes text size and by consequence the size of the table 5 - LIMITATIONS The code determines average values based on the stored data, therefore, the range (Initial data) is limited to the first bar time. As a consequence the lower the timeframe the shorter the initial date can be and fewer weeks can be calculated. To warn about this limitation there's a warning text that appears in case the initial date exceeds the bar limit. Example with initial date 1 Jan 2021 and end date 18 Jul 2021 in 5m and 10 m timeframe: 6 - Notes and Disclosers The script can be moved around to a new pane if need. -> Object Tree > Right Click Script > Move To > New pane The code has not been tested in higher subscriptions tiers that allow for more bars and as a consequence more data, but as far I can tell, it should work without problems and should be in fact better at lower timeframes since it allows more weeks. The values displayed represent previous data and at no point is guaranteed future values 7 - Final Tooughs This script was quite fun to work on since it analysis behavioral patterns (since from an abstract point a Tuesday is no different than a Thursday), but after analyzing multiple tickers there are some days that tend to close higher than the open. PS: If you find any mistake ex: code/misspelling please comment.
Pine Script™ Indikator
von MA_PT
25
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.)
Pine Script™ Indikator
von OptionsScalper123
73
Ichimoku breakoutIf you use Ichimoku Cloud strategies, this indicator is very useful for you! This code indicates the candles that break the ichimoku cloud in both directions! conversion line, base line and lagging span are disable by default, you can enable it from settings window. green triangles under the candles with green backgrounds show break out the red clouds. red triangles at the top of the candles with red backgrounds show break out the red clouds. you can set alerts to be notified when an Ichimoku Cloud is broken.
Pine Script™ Indikator
von salarkamjoo
FieryTrading Suite BThis oscillator tries to give traders an idea of the current trend, as well as trend reversals. The higher the lengths, the bigger the potential trends can become. Be aware that higher lengths are less responsive to market movements. The default inputs are best for most traders. Alerts for this indicator can be made in the FT Trading Suite A, indicated by the blue up / down triangles. Please visit my FieryTrading Suite A for a complete overview:
Pine Script™ Indikator
von FieryTrading
Legacy Scalper - Trend Trading SystemLegacy Scalper Trend Trading System Welcome to the Legacy Scalper This indicator is based on a trend trading strategy using multiple EMA's, with an added colored algo to help traders enter orders while simultaneously reducing noise in the markets by changing candlesticks to one solid color dependant upon direction of price. This indicator capitalizes on short term momentum while ensuring that you are trading with the trend using the commonly known fact of EMA's being above or below price to ensure the trend. The customization and plotting of different length EMA's allows for freedom to design your own system within the realm of the indicators, or use the recommended strategies below. //////// The Legacy Scalper plots 3 main EMA's listed as following: -50 EMA -200 EMA -800 EMA Additionaly there is an algo coded into the mix that allows for: - Tradingview alarms for buys and sells - change of period (frequency) for buys and sells - color selection of the moving average - change all candlestick color dependant upon buy and sell alerts. //////// The Strategies (Or Create Your Own) Basic Sell only when you get an alert above the 50 EMA (Only 50 EMA plotted on screen) Buy only when you get an alert with the 50 EMA below price (Only 50 EMA plotted on screen) Sell Example: Intermediate Sell only when 50EMA is below the 200EMA and you get a sell alert Buy only when the 50 EMA is above the 200EMA and you get a buy Alert Buy Example: Advanced Sell only when you get a sell alert with all EMA's above price Buy only when you get a buy alert with all EMA's below price Example: Legacy Mode Backtesting is highly recommended Remove EMA's and plot a high period MA and take alerts both ways to capitalize on longer moves And/Or Add Ema's for swing trading with a higher plot MA Example: NOTES: This is designed to work on all time frames This is designed to work on all financial instruments Feel free to backtest which period setting is best, however visually glancing at most charts the default setting appears the best across all instruments. Feel free to add in other indicators for additional confirmation such as an RSI, TDI, Stoch, or WAE DISCLAIMER THIS IS NOT FINANCIAL OR INVESTMENT ADVICE AND SHOULD NOT BE INTERPRETED AS SUCH. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Pine Script™ Indikator
von renegadeforex
4
Financial Astrology Moon LongitudeMoon energy represent the masses, crowds, public places, children and emotions. The transit of the Moon through the zodiacal signs will color the crowd emotional responses that fluctuate based on the elemental qualities of the signs: fire (energetic and impulsive), earth (rigid, static, patient), water (assimilation, transformation, humor fluctuations), air (expansion, fervent, germination). The daily average speed of the Moon is 13 degrees, for this reason the emotional elemental energy is transforming in average every 2 days and few hours, this mood fluctuations produces the short term instinctive and emotional actions performed by traders that forget the precise mathematical / statistical approach in favor of irrational and emotional impulses. Based on statistical buy/sell frequency analysis we discovered that for BTC-USD, the Moon is usually bullish in zodiac signs: Aries, Libra, Scorpio, Aquarius and Pisces, the most relevant bullish sign is "Aquarius", from 206 observations in all the BTC-USD price history where Moon was in this sign the 60% of those days the price increased compared to the previous day. The bearish zodiac signs for BTC-USD are: Taurus, Cancer, Leo, Sagittarius and Capricorn, the most relevant bearish sign is "Capricorn". Interestingly this zodiac sign locations tends to fluctuate during some periods of time and from the last 10 observations of the Moon transiting through Aries we noted that 7 of the 10 observations coincide with a dip, sometimes the Moon in Aries indicate the reversal of the short term trend, this is kind of expected considering that when Moon approaches Taurus the fall becomes more likely due to the fact that Moon in Taurus is a bearish signal. With this indicator there is unlimited possibilities to explore across different markets and complementing with Moon phases this may be the perfect financial astrology indicator for those intraday traders that keep positions only for few hours. We encourage you to analyze the Moon zodiac sign cycles in different markets and share with us your observations, leave us a comment with your research outcomes. Happy trading! Note: The Moon longitude indicator is based on an ephemeris array that covers years 2010 to 2030, prior or after this years the longitude is not available, this daily ephemeris are based on UTC time so in order to align properly with the price bars times you should set UTC as your chart reference timezone.
Pine Script™ Indikator
von citlacom
9
Hull MA with BB (With Alerts)This is a combination of the standard Bollinger bands with a VWAP(Pink line), and the 'Hull Trend with Kahlman' script by user capissimo, and the NMA (Moving Average 3.0 (3rd Generation)) script by everget. You can find the original scripts here: This indicator gives you several confirmations of a good entry and exit positions for Crypto currency like bitcoin and most alt coins. I use this on a 15min, 30min, 1hour, and 4hour chart for best results. How to use: Entry Signals: -A candle closes above the NMA (Yellow Step Line). AND -You see a Long (text) flag. AND -The candles are near the bottom of the Bollinger bands and heading upwards. Exit Signals: -Candles have passed below and closed below the NMA (Yellow Step Line). AND -You see a Short (text) flag. It's important to use these confirmations with other indicators so you have the best entry/exit positions, and make sure you are on normal candles and not HA or any other types. There are alerts built in that you can setup for the Short and Long text flags that you see. These are generally good alerts to follow. I use the alerts as a reminder to check the charts and see if my other indicators line up for a good trade.
Pine Script™ Indikator
von countseven12
28
Penrose DiagramGreetings Traders! This is my measly 2 dimensional non-curved take on a Penrose Diagram . What is a Penrose Diagram? jila.colorado.edu "A Penrose diagram is a kind of spacetime diagram arranged to make clear the complete causal structure of any given geometry. They are an indispensable map for navigating inside a black hole. Roger Penrose, who invented this kind of diagram in the early 1950s, himself calls them conformal diagrams." - Source: jila.colorado.edu Penrose Diagrams allow an understanding of an infinite surface by projecting 4D Spheres on 2 Dimension Squares. The 4D shape within the 2D Square has the ability to reference a definable edge on an infinite boundary. I thought this concept interesting, as I tend to hold a viewpoint of price being infinite in its own nature, and tried to combine the concepts as best I could. In a true Penrose Diagram, you'd see curvature as you reached the edge of each Diagram Square to represent the curvature of space-time and the distorted boundary. However due to limitations of Pine and perhaps my own abilities, I decided to go the cheap route and opt for straight lines, as well as beginning each new Penrose Diagram on a new Session Start. Also in this version, you will notice on some instruments that, as an example, two triangles overlap each other when you Extend the Penrose Diagram. The result of this is intentional and is due to the calculation of the first Triangle for the Penrose Diagram. The data points for each triangle are variable upon the average highest/lowest point from Open Price and the Max/Min highest/lowest point from Open Price over a variable amount of days. For typical instruments such as Futures products and Forex, it is common to see differences between the Highest High Breakout & Lowest Low Breakout, and therefore a difference between the true center of the Triangle and the corresponding angles. I prefer to use a 20-Day Average Period for Forex and Futures Products, for Crypto a 30 Day Average Period, all adjustable from the options menu. Due to the differences between the data points(particularly the difference from the Session Open to the Highest High/ Lowest Low), the initial values for the extended Penrose Diagram will sometimes overlap with the initial triangle for Penrose Diagram creation. However keep in mind, all triangles are exactly the same, just rotated 180°and translated above and below the current Session Open Price. You can confirm this yourself using the handy Triangle Tool in your Drawing Tools directly from your TradingView Chart. Haven't managed to play around on all instruments yet, so give it a whirl, and any feedback is greatly appreciated. Hope you enjoy! -@DayTradingOil
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Pine Script™ Indikator
von DrCatherineHalsey
15
Hourly Scalp Engine◆ Purpose of this Script The Hourly Scalp Engine (HSE) is designed to show scalp long opportunities on lower timeframes (H, 2H or 4H) based on a Fibonacci-valued MA-like structure. It was tested for Bitcoin and Ethereum, with the 2H timeframe seemingly giving the best test results. The chart shows a few instances where the price crossed below the HSE to trigger an entry (marked manually with arrows). ◆ Settings Default scaling input (10.6) is tuned for Ethereum (ETH/USD) on Kraken. Scaling input for Bitcoin (XBT/USD) on Kraken: 10.4. Reasonable timeframes: H, 2H, 4H. Recommended timeframe: 2H. You should probably set an alert for when Price crosses under the HSE. ◆ Instructions As this is purely a scalp engine (and not feasible for long-term trades), the instructions have to be followed precisely for intended functionality: As soon as Price crosses below the HSE, contemplate if you want to scalp, i.e. check current price, other indicators and market conditions. If yes, enter a scalp long. Do not enter the trade if : price has crossed above the HSE already and sits more than 1 % above it, or the down-wick was so deep and quick that it already retraced 10 % to the upside from the wick low (even if price is still below the HSE). In both cases it might be too late to enter. Watch the 2H candle, at which you entered the trade, closing. Draw a 10 % price range from the wick low to the upside. The range high is your exit point. Set a take profit trigger there. Set a stop loss slightly below the wick low. Observe the price action for the next 6 hours (i.e. the next three 2H candle closes). If price bounces up and hits the target, you exit with 10 % gains. If price hasn't moved to the target after 6 hours, close the trade at current price. If the stop loss should be hit in the meantime, you will have closed the trade automatically. The 10 % gain as a target was chosen because it seems to be hit very often, while higher targets are not reliably hit. ◆ Example Trade Shown below is an example trade with correct drawing of the 10 % price range. ◆ Viability From backtesting this should be a viable strategy for most instances where the HSE is crossed. However the HSE is not as hard as a boundary as e.g. the Confidence Bands (also published by DeanTrader), so that price can and will sometimes breach through (= close below) the HSE (as e.g. in the case of the March 2020 black swan event). Still even there a profitable trade could have been performed on the first bounce dependent on actual entry, although more risky due to very high volatility. Before using the HSE please make yourself familiar with the price action history of the considered asset and review the instances where the price crossed below the HSE in connection with the rules laid out in "Instructions" to understand the system and how to execute the trades. Also note that scalp trades are generally harder to perform than slower-paced swing trades, as timing becomes much more important and noise becomes relevant. ◆ Access For access to this indicator please contact me via DM on TradingView or on Twitter (linked on my TradingView profile and in my signature).
Pine Script™ Indikator
von Dean_Trader
3
Astro ToolBox V1Astro ToolBox V1 - v1.0 █  OVERVIEW The Astro ToolBox is meant to be a complementary script to the Gann ToolBox package. This script aims to offer a data set that was very hard to obtain through TradingView. Mainly Ephemeris Data. The current first version allows the user to select a date and a planet and gives them the Longitude, and the Latitude of that planet on the date choose. There are differences when it comes to Heliocentric and Geocentric locations. This script also includes options to select between Heliocentric and Geocentric locations/angles. This script took a lot of research and fine tuning to get all this data to this great platform. The script does a lot of calculations to obtain this data and come up with it within 1-2 arc seconds of accuracy. █  Future Plans and upgrades to this script may include : Planetary Retrograde auto plotting. ( hopefully within the next 2-3 weeks ) Planetary Aspects and Transits. ( next in line after the retrogrades ) Aspects and Transits based on a natal date of your choosing. and hopefully more, if you have any suggestions please don't hesitate to contact me. █  How to use : Simply select the date that you would like to look up. Then select the planet / cycle. You will have a chance to choose between a Heliocentric or a geocentric ecliptic view. Once you select what you need, you will find your data in the lower right-hand side of the screen. It is always recommended to keep your chart set to "EXCHANGE TIME" rather than "UTC or any other" and hopefully more, if you have any suggestions please don't hesitate to contact me. █  Things to keep in mind : 1. The moon is only Geocentric. 2. No this data does not rely on an external API coming from a space agency or any observatory but it is all calculated through a series of formulas and calculation which is why it is always good enough but not a %100 accurate. I personally find it extremely useful for Trading if one is familiar with time/gann theory.
Pine Script™ Indikator
von NasserHumood
9
Volume Extractor By CryptoScriptsThe Volume Extractor is an indicator I've been working on for awhile that involves a Volume Oscillator derived from various volume metrics combined with Bollinger Bands and Overbought/Oversold levels. This indicator is unique because it not only measures the standard deviations whenever the oscillator crosses outside the BBs but it does so at ranges that are most advantageous for the trader to identify KEY buy/sell levels (as shown above). I'll break down each signal below and how to best take advantage of them so you can get the best entries and capture the most profit per trade. *This indicator works best on the Binance or Bybit exchange for crypto but also works for stocks and forex. It's best used on small-medium timeframes such as the 15m, 1h, 4h, 8hr, or 12h. It tends to give more false signals on the 1D timeframes and higher. Red Alarm - this signal indicates that the volume oscillator is overbought AND is crossing outside of the bollinger bands . This is a STRONG sell signal but should still be combined with support/resistance levels and confirmed with other indicators. Red Diamond - this signal indicates that the volume oscillator is crossing outside of the bollinger bands above the 20 level but is not yet overbought. This is a potential sell signal but should still be combined with support/resistance levels and confirmed with other indicators. Red Shaded Area - this indicates the volume oscillator is overbought. This is a potential sell signal but should still be combined with support/resistance levels and confirmed with other indicators. Rocket - this signal indicates that the volume oscillator is oversold AND is crossing outside of the bollinger bands . This is a STRONG buy signal but should still be combined with support/resistance levels and confirmed with other indicators. Green Diamond - this signal indicates that the volume oscillator is crossing outside of the bollinger bands below the 20 level but is not yet oversold. This is a potential buy signal but should still be combined with support/resistance levels and confirmed with other indicators. Green Shaded Area - this indicates the volume oscillator is oversold. This is a potential buy signal but should still be combined with support/resistance levels and confirmed with other indicators. Input Options Show 80 Levels - This checkbox will create a red zone and green zone for the 60-80 levels on the indicator. This is useful if the volume oscillator reaches one of these levels, you can be sure it's going to reverse soon and can have more confidence if it crosses outside of the BBs in addition to that. VEO Length - This changes the height of the oscillator and will change how your signals flash (more or less often). Use this if you find you're getting too many signals or not enough. I find this is best at 21 but feel free to test out what works for you depending on your timeframe. Moving Average Volume Source - This is currently set to None but you can change it to Exponential, Hull, or Simple moving average . I found that None works best but feel free to test out the different options. Moving Average Length - Changing this length will do nothing to your chart if None is selected for the Moving Average Volume Source, therefore you will most likely keep this setting default at 9. Alerts I've set alerts on this indicator for each icon (Red Alarm, Red Diamond, Overbought, Rocket, Green Diamond, Oversold). I HIGHLY recommend setting the alerts for Candle Close so that you can be sure the signal is confirmed. You may notice that the indicator can give multiple signals back-to-back or be overbought/oversold for multiple candles. When this happens, it's best to look at other indicators such as the RSI , MFI Pro, etc to nail the best entry and have confluence with your decision. With that said, having multiple signals back-to-back can also be an indication that the move is close to happening. This indicator is a strong indicator by itself but works best when paired with my Price Extractor indicator i.e taking a trade when both indicators are displaying overbought/oversold or crossing outside of the bollinger bands . Measuring price action is an extremely important aspect of trading and one I believe should not be overlooked. I hope I made everything as clear as possible and please let me know if I didn't. PM me to obtain access and please let me know if you have any questions!
Pine Script™ Indikator
von CryptoScripts
7
Price Extractor By CryptoScriptsThe Price Extractor is an indicator I've been working on for awhile that involves a Price Oscillator derived from various moving averages combined with Bollinger Bands and Overbought/Oversold levels. This indicator is unique because it not only measures the standard deviations whenever the oscillator crosses outside the BBs but it does so at ranges that are most advantageous for the trader to identify KEY buy/sell levels (as shown above). I'll break down each signal below and how to best take advantage of them so you can get the best entries and capture the most profit per trade. *This indicator works best on the Binance or Bybit exchange for crypto but also works for stocks and forex. It's best used on small-medium timeframes such as the 15m, 1h, 4h, 8hr, or 12h. It tends to give more false signals on the 1D timeframes and higher. Red Alarm - this signal indicates that the price oscillator is overbought AND is crossing outside of the bollinger bands. This is a STRONG sell signal but should still be combined with support/resistance levels and confirmed with other indicators. Red Diamond - this signal indicates that the price oscillator is crossing outside of the bollinger bands above the 20 level but is not yet overbought. This is a potential sell signal but should still be combined with support/resistance levels and confirmed with other indicators. Red Shaded Area - this indicates the price oscillator is overbought. This is a potential sell signal but should still be combined with support/resistance levels and confirmed with other indicators. Rocket - this signal indicates that the price oscillator is oversold AND is crossing outside of the bollinger bands. This is a STRONG buy signal but should still be combined with support/resistance levels and confirmed with other indicators. Green Diamond - this signal indicates that the price oscillator is crossing outside of the bollinger bands below the 20 level but is not yet oversold. This is a potential buy signal but should still be combined with support/resistance levels and confirmed with other indicators. Green Shaded Area - this indicates the price oscillator is oversold. This is a potential buy signal but should still be combined with support/resistance levels and confirmed with other indicators. Input Options Show 80 Levels - This checkbox will create a red zone and green zone for the 60-80 levels on the indicator. This is useful if the price oscillator reaches one of these levels, you can be sure it's going to reverse soon and can have more confidence if it crosses outside of the BBs in addition to that. PEO Length - This changes the height of the oscillator and will change how your signals flash (more or less often). Use this if you find you're getting too many signals or not enough. I find this is best at 21 but feel free to test out what works for you depending on your timeframe. Moving Average Price Source - This is currently set to None but you can change it to Exponential, Hull, or Simple moving average. I found that None works best but feel free to test out the different options. Moving Average Length - Changing this length will do nothing to your chart if None is selected for the Moving Average Price Source, therefore you will most likely keep this setting default at 9. Alerts I've set alerts on this indicator for each icon (Red Alarm, Red Diamond, Overbought, Rocket, Green Diamond, Oversold). I HIGHLY recommend setting the alerts for Candle Close so that you can be sure the signal is confirmed. You may notice that the indicator can give multiple signals back-to-back or be overbought/oversold for multiple candles. When this happens, it's best to look at other indicators such as the RSI, MFI Pro, etc to nail the best entry and have confluence with your decision. With that said, having multiple signals back-to-back can also be an indication that the move is close to happening. This indicator is a strong indicator by itself but works best when paired with my Volume Extractor indicator i.e taking a trade when both indicators are displaying overbought/oversold or crossing outside of the bollinger bands. Measuring price action is an extremely important aspect of trading and one I believe should not be overlooked. I hope I made everything as clear as possible and please let me know if I didn't. PM me to obtain access and please let me know if you have any questions!
Pine Script™ Indikator
von CryptoScripts
3
Binary Option Turbo M1 by MercalonaAuto risk You are diving into a high-risk investment. We are not responsible for losses, the only certainty is that they will come, the most important thing is to manage them. Test this script on a demo account, and use the backtest. Make sure you are familiar with it before using real money. Use all your experience and other assistance for better accuracy. Do not risk more than 5% per day. Try to use a maximum of 1-2%. Recommendations It is highly recommended whenever trying to make entries in stronger areas Try to make entries when the graph is in trend and with good movements. It is better to lose an entry than to lose money. Check if the chart is already with good accuracy before making your entry. At least 65%. Try to make entries when the payout is above 75%. This will help you with risk / return. About the Script This script was developed to identify good entry areas quickly and safely. We recommend using in binary option, where the next candle is successful. Although it can also be used in other markets, using a larger timeframe, such as 1h or 4h. How it works? This script is based on trends, up and down, where up trend, we look for "CAL" entries in retractions, and down trends, the entries will be "PUT". Always operate in favor of the trend for better accuracy. A session filter is also displayed. The Filter is based on the New York and London session. In these periods there is a greater market volatility, where it is recommended to operate and avoid losses. In addition, there is also a (no trend) filter. Where it shows whether the chart is volatile or not, even during open market sessions. What is the final result? This script will show good entries areas. These areas are represented with lines. The lines closest to the current price are thinner lines. And the lines far from price are thicker. The thick lines represent stronger areas and are resistant to price. This means that there is a greater possibility of reversal when prices touch these lines. Settings (mode) There are 2 configuration modes: 1. MODERATELY 2. AGGRESSIVE Using the "MODERATELY" mode, the signals are rarer, here we expect the price to hit the best areas indicated. To place the entry. Here we expect greater accuracy. In "AGGRESSIVE" mode, we don't expect good entries. Whenever the price hits entry areas it will be considered an entry. In this case, the accuracy is less, since the areas do not have a great potential for reversion. Settings (Length) Here the number of bars can be configured for the calculation of support and resistance areas. A low amount may not be enough to check for good areas. And a very large area can be confused with areas that really matter. Try to check the best quantity for the chart you want to trade. Settings (Win Rate Limit) Place the limit of analyzed signals in this field. It is restricted to the “Win ​​Rate Max Bars” field, which will be explained below. If the configured limit is not reached, the cause is that there were not enough signals within the configured bar limit. ATTENTION: Understand that a high value will cause a slow calculation of the script. Settings (Win Rate Max Bars) This is information is used to limit the number of bars in the “Win ​​Rate” calculation. ATTENTION: Understand that a high value will cause a slow calculation of the script. Settings (Sessions) There are 2 other configurations. New York session and London session. You can see how it works reading below. Indicator “Stars of Recommendation” The indicator has 3 stars of recommendation. NO TRADE (There is no positive point to take chances) In Session (At least 1 open market, this is a positive point to take chances) In Trend (There is a good probability of assertiveness when it is on trend) More than one identified area. (Generally, when there is more than one area, the more distant areas become stronger and stronger. This is a positive point when the price reaches them.) Good luck ❤️ Please feedback us. We hope this helps you!
Pine Script™ Indikator
von Mercalona
7