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PATTERNPULSE / Stttrading F.Velazquez

Por sttTrading
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PATTERNPULSE

Discover a powerful tool for market analysis with the Velas Engulfing + RSI Indicator. Crafted by Stttrading Franco Velazquez, this indicator seamlessly blends engulfing candle patterns with the precision of the RSI filter. What sets it apart is its unique approach – signals are exclusively generated when the RSI reaches overbought or oversold conditions, providing a distinctive edge over conventional engulfing candle indicators.

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Key Features:

Engulfing Candle Patterns: Identify both bullish and bearish engulfing candle formations.
RSI Integration: Harness the strength of the RSI indicator to evaluate market momentum and potential reversals.
Visual Signals: Enjoy clear and intuitive signals directly on your chart for seamless decision-making.
Configurable Alerts: Tailor the indicator to your preferences with customizable alerts for timely notifications.

Usage Instructions:

Engulfing Candles:

Visualize bullish and bearish candles through green and red triangles, respectively.
Capitalize on buying opportunities when bullish candles emerge and consider selling when bearish candles unfold.

RSI Indicator:


Leverage the RSI indicator to gauge overbought and oversold market conditions.
Fine-tune RSI levels based on your trading strategy and risk tolerance.

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Alert System:

Set up alerts to stay informed about crucial market movements, ensuring you never miss a trading opportunity.
Custom Configuration:
RSI Source: Customize the data source for RSI calculations to suit your analysis.
RSI Length: Define the length of the RSI period for precise adjustments.
RSI Overbought and Oversold Levels: Tailor the overbought and oversold RSI thresholds to align with your trading preferences.

Important Note: Always conduct thorough analysis and implement proper risk management before executing trades.

Volume Profile in PatternPulse:

In the paid version of the PatternPulse indicator, an advanced Volume Profile tool is included, offering a detailed view of how volume is distributed across different price levels over a specific period. Here's how it works:

Show Volume Profile: You can toggle the display of the volume profile on the chart using the Show VP option.

Depth and Number of Bars Configuration: The tool allows you to adjust the Volume Profile Lookback Depth, which defines how many periods back will be analyzed to calculate the volume profile. You can also set the number of bars (VP Number of Bars) to be displayed on the chart, as well as the bar length and width to customize its appearance.

Delta Type: You can choose from different delta types for the volume profile: Bullish, Bearish, or Both. This enables you to focus on volumes associated with bullish price movements, bearish movements, or both.

Point of Control (POC): The tool also offers an option to extend the Point of Control (POC) line on the volume profile. The POC represents the price level with the highest traded volume during the analyzed period.

Customizable Colors: You can customize the colors of the volume profile bars and the Point of Control (POC) to match your visual preferences.

How to Use It:

The volume profile helps identify price levels where significant volume has been traded, which can be crucial for determining key support and resistance levels in the market. Adjust the parameters to fit your needs for a clear and precise visualization that supports your technical analysis.

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Info Box in PatternPulse

In the paid version of PatternPulse, you'll find an info box that provides a comprehensive view of various market aspects. Here's how it works:

General Information: At the top of the info box, you'll see the title "PATTERNPULSEVIP® Info. BOX" in grey with orange text. This title helps you identify that you are viewing the information section.

CCL Dollar: The info box displays the value of the CCL (Contado con Liquidación) dollar for Argentina, which is an important reference for investors in that market.

Indices and Metals: This section includes information on the US Dollar Index (DXY), the Euro Index (EXY), as well as the prices of gold and silver.

Crypto Dominance: Here, you'll see the dominance of Bitcoin (BTC) and Ethereum (ETH) in the cryptocurrency market, helping you understand the influence of these cryptocurrencies on the global market.

MACD: The info box shows the current MACD (Moving Average Convergence Divergence) trend. The trend can be bullish or bearish, providing additional insight into market direction.

RSI: The current RSI (Relative Strength Index) value is also displayed. If the RSI indicates overbought conditions (above 75), the info box will turn teal with white text. If it indicates oversold conditions (below 25), the info box will turn maroon with white text.

Customization: You can adjust the horizontal offset of the info box from the chart and change the style and color of the text to suit your visual preferences.

This info box provides key data at a glance, making it easier to make informed decisions in your technical analysis. Adjust the settings according to your needs to get the most relevant information for your trading strategy.


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Bollinger Bands in PatternPulse

In the paid version of PatternPulse, we’ve added the Bollinger Bands (BB) indicator to help you analyze market volatility and trends. Here’s a breakdown of how to use it:

1. Display Options:

Show BB: You can toggle the visibility of the Bollinger Bands on your chart using the "Show BB" option.
2. Configuration:

Length: Adjust the length of the moving average used to calculate the Bollinger Bands. The default is set to 20 periods, but you can modify it to fit your trading strategy.
Source: Choose the data source for the Bollinger Bands calculation, with the default being the closing price.
Standard Deviation: Set the number of standard deviations away from the moving average for the upper and lower bands. The default is 2.0, which is commonly used.
3. Plotting:

Basis: The middle line (basis) of the Bollinger Bands is plotted, which is a simple moving average (SMA) of the specified length.
Upper and Lower Bands: The upper and lower bands are plotted based on the standard deviation from the basis line.
Offset: Adjust the horizontal position of the bands on your chart to better align with your analysis needs.
4. Visualization:

Color: The Bollinger Bands and their background fill are color-coded for easy interpretation. The default colors are shades of blue, but you can customize them if needed.
These Bollinger Bands will help you to visualize price volatility and identify potential market opportunities based on how the price interacts with these bands. Adjust the settings according to your trading preferences to get the most out of this feature.

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Parabolic SAR in PatternPulse

In the advanced version of PatternPulse, we've added the Parabolic SAR (PSAR) to help you identify potential trend changes in the market. Here's how this tool works:

1. Activating the Indicator:

Show PSAR: You can toggle the visibility of the Parabolic SAR using the "Show PSAR" option. This controls whether the indicator is displayed on your chart.
2. PSAR Settings:

Start: Adjust the initial value for the PSAR calculation. This value sets the starting point for the acceleration of the indicator.
Increment: Defines the rate at which the PSAR increases. This value increases the acceleration parameter with each new high or low.
Maximum Value: Sets the upper limit for the acceleration parameter. This prevents the indicator from moving too quickly in high-volatility conditions.
3. Visualization:

Color of the Dots: The PSAR dots are displayed in teal if the indicator is below the closing price, indicating a bullish trend. They are shown in maroon if the indicator is above the closing price, indicating a bearish trend.
How to Use It: The Parabolic SAR is useful for identifying potential reversal points in the market. When the indicator switches position relative to the price, it can signal a potential trend change. Use this indicator in conjunction with other analysis tools to make more informed trading decisions.

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User Explanation EMAs

This part of the indicator utilizes Exponential Moving Averages (EMAs) to help you identify trends and potential entry or exit points in the market. Here’s how they work and how you can customize them:

What are EMAs?
Exponential Moving Averages (EMAs) are indicators that smooth out historical prices to identify the direction of the trend. Unlike Simple Moving Averages, EMAs give more weight to recent prices, making them more responsive to current price changes.

How Each EMA Works:
1° EMA (Adjustable Length):

Purpose: The first EMA provides a short-term view and can help identify recent movements and potential quick trend changes.
Customization: You can adjust the length of this EMA (number of periods) using the "1° EMA length" option.
2° EMA (Adjustable Length):

Purpose: The second EMA acts as a smoother filter, helping to confirm or discredit signals from the first EMA.
Customization: Adjust its length with "2° EMA length".
3° EMA (Adjustable Length):

Purpose: The third EMA provides a longer-term view, helping to identify mid-term trends and significant turning points.
Customization: Modify its length via "3° EMA length".
4° EMA (Adjustable Length):

Purpose: The fourth EMA represents the long-term trend, offering a perspective on the market’s overall direction.
Customization: Change its length using "4° EMA length".
Customizable Colors:
You can choose the colors for each EMA through the provided color options. This allows you to distinguish each EMA on your chart easily and customize its appearance according to your preferences.

EMA Crosses:

Small Crosses (1° and 2° EMAs):

Functionality: When the 1° EMA crosses above the 2° EMA, it may signal a buy (bullish cross). When it crosses below, it may signal a sell (bearish cross).
Visualization: You can enable or disable the display of these small crosses.
Large Crosses (3° and 4° EMAs):

Functionality: Crosses between the 3° and 4° EMAs help identify more significant trend changes. A bullish cross may indicate an uptrend, while a bearish cross may signal a downtrend.
Visualization: You can also enable or disable these large crosses on your chart.
How to Use This Information:
Trend Identification: EMAs help you see whether the market is in an uptrend or downtrend, and crosses between them can indicate potential trading opportunities.
Entry/Exit Signals: Crosses between EMAs can signal optimal times to enter or exit a position.
This set of EMAs provides you with a clear view of different time frames in the market, allowing you to make more informed trading decisions based on the current trend and price changes.

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Support and Resistance

Support and Resistance levels are essential tools in technical analysis, helping traders identify key price levels where the market might reverse or pause. This feature of the indicator provides visual markers for these levels and tracks how the price interacts with them.

Parameters:

Lookback Range: Defines the number of bars to look back when identifying pivot points. A larger value considers more historical data.
Bars Since Breakout: Determines how many bars should have passed since a breakout to detect a potential retest.
Retest Detection Limiter: Limits the number of bars actively checked for confirming a retest after a breakout.
Breakouts and Retests: Options to enable or disable detection for breakouts and retests.
Repainting: Controls how the indicator updates based on different criteria such as candle confirmation or high/low values. This affects how often and in what way the indicator adjusts its markings.
Pivot Points:

Pivot Low and High: The indicator identifies key support (pivot lows) and resistance (pivot highs) points based on the historical price action within the defined lookback range.
Boxes and Labels:

Drawing Boxes: Visual boxes are drawn to represent support and resistance levels. These boxes adjust dynamically with price changes and can extend based on user settings.
Breakout Labels: Labels are created when a breakout occurs, marking the point where the price crosses these support or resistance levels.
Retest Labels: When a potential retest is detected, the indicator can label it to signal areas where the price might test the broken support or resistance.
Customization Options:

Box and Label Styling: Users can customize the style, color, and size of the boxes and labels representing support and resistance.
Text Color Override: Option to change the color of text labels independently from the default color settings.
Key Benefits:

Visual Clarity: Easily identify important levels on the chart.
Dynamic Updates: Levels adjust as new price data comes in, providing relevant and up-to-date information.
Customization: Tailor the appearance and behavior of the support and resistance markings to fit your trading style.
This feature enhances your chart analysis by clearly marking critical levels and events, making it easier to spot potential trading opportunities.

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Explanation of the Simple Moving Averages (SMA) Functionality

Simple Moving Averages (SMAs) are technical analysis tools used to smooth out price data and identify market trends. This part of the code allows you to add two SMAs to the chart with customizable settings.

Configuration Parameters:

Show SMA 1 and SMA 2: Enables or disables the display of each moving average. You can choose to show SMA 1, SMA 2, or both on your chart.

SMA Length: Defines the number of periods used to calculate each SMA. For example, a length of 14 for SMA 1 and 50 for SMA 2. A longer length smooths the line more, while a shorter length follows price movements more closely.

SMA Source: Sets which price data (e.g., closing price) is used to calculate the SMA.

Color and Width of SMA: Allows you to customize the color and width of each SMA line to fit your visual preference or to clearly distinguish between different SMAs on the chart.

SMA Style: Provides options to change the line style of the SMA to solid, dashed, or dotted, so you can personalize the appearance according to your analysis style.

SMA Calculation:

Calculation: The SMA is calculated by averaging the closing prices (or selected source) over the specified number of periods. This helps to smooth out daily price fluctuations and reveals the overall trend.
Visualization:

Plot for SMA 1 and SMA 2: Draws the SMA lines on the chart according to the specified settings. If you choose to hide an SMA, it will not appear on the chart.

Line Style: The line is drawn according to the selected style (solid, dashed, or dotted), and you can adjust the thickness and color to suit your visual needs.

Key Benefits:

Trend Clarity: SMAs help smooth out price movement and allow you to see the general trend in the market.
Customization: You can adjust the length, color, thickness, and style of the lines to fit your analysis and visual preferences.
Facilitates Analysis: SMAs can be used to identify crossings and important trading signals, such as when a short-term SMA crosses above or below a longer-term SMA.
This functionality provides you with powerful tools to adjust and customize how moving averages are presented on your charts, making it easier to identify trends and signals in the market.

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Thank you for exploring the features of our indicator! We hope you find the customization options and tools provided, including the Simple Moving Averages, valuable for your trading analysis. If you have any questions or need further assistance, please feel free to reach out.

We invite you to try out the complete PatternPulse indicator to experience its full range of functionalities and see how it can enhance your trading strategies. Your feedback is always appreciated!

Happy trading!

Notas de prensa
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Notas de prensa
Knoxville Divergence: Una Extensión de PatternPulse

Introducción: El indicador Knoxville Divergence es una potente extensión de PatternPulse, diseñado para ayudarte a identificar divergencias en el mercado. Las divergencias pueden proporcionar señales valiosas sobre posibles cambios en la tendencia, y este indicador se centra en la relación entre el precio y el momentum, facilitando decisiones informadas en tu trading.

Funciones Principales:
Configuración de Parámetros:


Knoxville RSI y Momento: Puedes ajustar los períodos de cálculo para el RSI y el momentum, lo que te permite personalizar el indicador según tu estilo de trading.
Opciones de Visualización: Activa o desactiva las divergencias, etiquetas y triángulos para personalizar tu gráfico.
Identificación de Divergencias:

Divergencias Bajistas: El indicador resalta divergencias bajistas cuando hay un máximo en el precio que no es confirmado por el momentum, lo que puede indicar un posible retroceso.
Divergencias Alcistas: Similarmente, se identifican divergencias alcistas cuando hay un mínimo en el precio no respaldado por el momentum, sugiriendo una posible reversión alcista.
Visualización de Divergencias:

Líneas de Divergencia: Las líneas se dibujan en el gráfico para resaltar las áreas clave de divergencia. Las líneas bajistas son de color rojo y las alcistas son verdes.
Etiquetas: Las etiquetas "Knox" se colocan sobre o debajo de las barras del gráfico para indicar la presencia de divergencias, ayudando a identificar rápidamente las señales relevantes.

https://www.tradingview.com/x/XylGWDL8/

Reversal Tabs:

Esta función utiliza el MACD y el Estocástico para señalar posibles puntos de reversión en el precio. Los triángulos de compra y venta aparecen en el gráfico, indicando momentos clave en los que considerar entrar o salir de una posición.

https://www.tradingview.com/x/UrniEHsX/

Alertas Personalizadas:

Configura alertas para recibir notificaciones en tiempo real sobre divergencias bajistas y alcistas, así como sobre posibles puntos de reversión. Esto te ayuda a actuar rápidamente ante oportunidades en el mercado.
Notas de prensa
Knoxville Divergence: An Extension of PatternPulse

Introduction: The Knoxville Divergence indicator is a powerful extension of PatternPulse, designed to help you identify divergences in the market. Divergences can provide valuable signals about potential trend changes, and this indicator focuses on the relationship between price and momentum, facilitating informed decisions in your trading.

Main Features:

Parameter Settings:

Knoxville RSI and Momentum: You can adjust the calculation periods for the RSI and momentum, allowing you to customize the indicator according to your trading style.
Visualization Options: Enable or disable divergences, labels, and triangles to tailor your chart.
Divergence Identification:

Bearish Divergences: The indicator highlights bearish divergences when there is a price peak that is not confirmed by momentum, indicating a possible pullback.
Bullish Divergences: Similarly, bullish divergences are identified when there is a price trough unsupported by momentum, suggesting a potential bullish reversal.
Divergence Visualization:

Divergence Lines: Lines are drawn on the chart to highlight key divergence areas. Bearish lines are red, while bullish lines are green.
Labels: "Knox" labels are placed above or below the chart bars to indicate the presence of divergences, helping to quickly identify relevant signals.

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Reversal Tabs:

This feature uses MACD and Stochastic indicators to signal potential reversal points in price. Buy and sell triangles appear on the chart, indicating key moments to consider entering or exiting a position.

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Custom Alerts:

Set up alerts to receive real-time notifications about bearish and bullish divergences, as well as potential reversal points. This helps you act quickly on market opportunities.

Notas de prensa
Change in Cover Image
Candlestick analysisCumulative Volume Index (CVI)Moving Averages
sttTrading

Script que requiere invitación

El acceso a este script está restringido a los usuarios autorizados por el autor y, por regla general, es de pago. Puede añadirlo a sus favoritos, pero solo podrá usarlo si solicita permiso al autor y éste le autoriza. Para obtener más información, póngase en contacto con sttTrading o siga las siguientes instrucciones del autor.

Tenga en cuenta que este es un script privado, solo por invitación, y que no lo han examinado los moderadores de scripts. Su conformidad con las Normas internas es indeterminada. TradingView no sugiere pagar por un script y utilizarlo a menos que confíe al 100 % en su autor y entienda cómo funciona. En muchos casos, puede encontrar una buena alternativa de código abierto de forma gratuita en nuestros Scripts de la comunidad.

Instrucciones del autor

Hi, you can contact me through the TradingView platform: https://es.tradingview.com/u/sttTrading/ On my personal investment platform: etoro.tw/4cdM0vS Or on my social media: https://www.instagram.com/patternpulseindicator Looking forward to hearing from u

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