Enhanced Market Opportunity Strategy (Updated)Script Description:
Script Name: Enhanced Market Opportunity Strategy (Updated)
This script is a comprehensive trading strategy designed for TradingView that identifies buying and selling opportunities based on configurable parameters, trend alignment, and risk management. It integrates visual alerts, performance metrics, and real-time trading signals. Below is a detailed overview of its features:
Features:
1. Strategy Inputs:
Buy Strategy Levels: Configurable levels for entry, stop loss, and three take-profit targets.
Sell Strategy Levels: Similar levels for short trades.
Risk Management:
Adjustable risk percentage per trade.
Account balance for position sizing.
Trend Filters:
Short-term and long-term EMAs for trend identification.
Minimum pip movement to validate signals.
2. Technical Analysis:
EMA-Based Trend Conditions:
Bullish (buy signals): When the short-term EMA is above the long-term EMA.
Bearish (sell signals): When the short-term EMA is below the long-term EMA.
Position Sizing:
Automatically calculates trade size based on risk percentage and pip distance to the stop loss.
3. Visual and Alert Features:
Key Levels:
Plots for entry, stop loss, and take-profit levels for both buy and sell strategies.
Background Trend Indication:
Green for bullish trends and red for bearish trends.
Markers and Alerts:
Visual "BUY" and "SELL" markers on the chart for detected opportunities.
Real-time alerts with calculated position size for actionable trades.
4. Performance Metrics:
Tracks:
Total trades executed.
Wins and losses.
Total profit and win rate.
Maximum drawdown.
Table Display:
A table on the chart shows performance metrics, including profit, trades, win rate, and more.
How it Works:
Trend Identification:
The script uses EMA crossovers to detect market trends.
It only generates buy signals in bullish trends and sell signals in bearish trends.
Trade Validation:
Buy or sell opportunities are validated based on the proximity of the price to defined entry levels and the occurrence of a candlestick pattern (close above open for buy and vice versa for sell).
Profit and Loss Tracking:
Tracks whether take-profit or stop-loss levels are hit and updates total profit, wins, and losses accordingly.
Backtesting Performance:
Historical trades are evaluated, and key performance metrics are calculated.
Patrones de gráficos
Swing Trading with Mean Reversion - Stonk_BUDThe Swing Trading Analyzer is built for traders looking to catch medium-term swing trading opportunities. It combines trend-following techniques with mean reversion strategies, making it a versatile tool for analyzing daily and weekly charts.
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#### **Key Features**
- **Moving Average Crossovers**
Tracks 10-day and 50-day moving averages to identify trend shifts. You'll see clear signals for bullish (BUY) and bearish (SELL) momentum.
- **Mean Reversion Analysis**
Uses Bollinger Bands and Z-score calculations to pinpoint overbought and oversold conditions. These tools help confirm when the price is stretched and likely to reverse back toward the mean.
- **Swing Trading Focus**
Designed specifically for daily and weekly timeframes, this indicator avoids the noise of intraday trading and helps you focus on bigger moves.
- **Visual and Alert System**
Plots clear BUY and SELL signals directly on your chart, with optional background highlights for overbought (red) and oversold (green) zones. Plus, you can set custom alerts to get notified when signals trigger.
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#### **How It Works**
- **Buy Signals**: Triggered when the 10-day moving average crosses above the 50-day moving average, and the price shows oversold conditions (Z-score < -2 and price below the lower Bollinger Band).
- **Sell Signals**: Generated when the 10-day moving average crosses below the 50-day moving average, with overbought confirmation (Z-score > 2 and price above the upper Bollinger Band).
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Who It's For
- Swing traders looking for reliable signals to ride medium-term market trends.
- Anyone who wants a blend of trend-following and mean reversion strategies.
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**Pro Tip**: Pair this indicator with solid risk management and additional tools like volume analysis for even better results.
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Multi-Period Technical AnalysisThis indicator table provides a comprehensive view of key technical indicators across different time periods. Here's what each component displays:
Layout:
Top row contains headers for each column
Left-most column shows time periods (Current, -2, -4, -6, -8 candles)
Color coding: Current period is highlighted in green, historical periods in gray
Indicators Displayed:
Price: The actual closing price for each period
MFI (Money Flow Index): A momentum indicator combining price and volume, ranging 0-100
CCI (Commodity Channel Index): Shows overbought/oversold conditions and trend strength
Stochastic K & D: Two lines showing momentum, both ranging 0-100
K line: The faster, more sensitive line
D line: The slower, smoothed line
Williams %R: Shows overbought/oversold levels, ranging -100 to 0
MACD: Two lines showing trend direction and momentum
MACD line: The difference between fast and slow moving averages
Signal line: A smoothed version of the MACD line
Purpose:
Allows traders to see how indicators have evolved over the last few periods
Helps identify trends by comparing current values with historical ones
Provides a quick way to spot divergences between price and indicators
Useful for comparing multiple indicators at specific points in time
35% Drop from 251 day High@ DR GSthis indicator capture the 35% drop in a profit making company, preferably a large cap in previous 1 year trading days.
XAUUSD Daily Strategy with AlertsTrend Strategy for Trading XAUUSD
A Trend Strategy in trading XAUUSD (gold) focuses on identifying and capitalizing on the market's prevailing directional momentum. Gold is a highly liquid asset and often moves in significant trends due to its sensitivity to global economic conditions, inflation expectations, interest rates, and geopolitical events. A trend-following strategy aims to ride these movements, either upward (bullish trend) or downward (bearish trend), maximizing profit potential while minimizing risks.
Key Components of a Trend Strategy for XAUUSD:
Trend Identification:
Use technical indicators such as moving averages (e.g., EMA, SMA) or trendlines to determine the direction of the trend.
A bullish trend is characterized by higher highs and higher lows, while a bearish trend features lower highs and lower lows.
Example: Employ the 50 EMA and 200 EMA Crossover to confirm trend direction. When the 50 EMA crosses above the 200 EMA, it indicates a bullish trend, and vice versa for a bearish trend.
Entry Points:
Enter trades in the direction of the trend. For a bullish trend, buy on pullbacks to support levels or moving averages. For a bearish trend, sell on pullbacks to resistance levels.
Indicators like the RSI (Relative Strength Index) or Stochastic Oscillator can help identify overbought or oversold conditions, providing better entry points.
Exit Points:
Use predefined take-profit and stop-loss levels to manage trades effectively.
For take-profit, set targets at major resistance levels for long positions or support levels for short positions.
For stop-loss, use levels slightly below the recent swing low in a bullish trend or above the recent swing high in a bearish trend.
Confirmation Indicators:
Incorporate additional indicators like the MACD (Moving Average Convergence Divergence) or ADX (Average Directional Index) to confirm trend strength.
The ADX value above 25 suggests a strong trend, while values below 20 indicate a weak or range-bound market.
Risk Management:
Use proper position sizing, typically risking no more than 1-2% of your account per trade.
Avoid over-leveraging, as XAUUSD is highly volatile, which can lead to large price swings.
Trend Continuation and Reversal Monitoring:
Watch for signs of trend exhaustion or reversal using candlestick patterns (e.g., Doji, Engulfing) or divergence on indicators like RSI or MACD.
When the trend weakens, adjust your positions or exit trades to lock in profits.
FVG Breakout/BreakdownThe FVG Breakout/Breakdown indicator is designed to identify potential breakout and breakdown opportunities in the market, based on the concept of Fair Value Gaps (FVGs). FVGs are areas where price moves too quickly, leaving behind gaps between candlesticks, often seen as areas of inefficiency or imbalance that the market tends to revisit.
Key Concepts:
Fair Value Gaps (FVG):
FVG occurs when a price gap is created between candlesticks, typically when the high of one candle is lower than the low of the previous candle (for a bearish FVG) or the low of one candle is higher than the high of the previous candle (for a bullish FVG).
These gaps represent an imbalance between buying and selling pressure, and the market often revisits them, making them valuable for identifying potential entry points.
Bullish FVG: This occurs when the low of the current candle is higher than the high of the previous candle.
Condition: low > high
Bearish FVG: This occurs when the high of the current candle is lower than the low of the previous candle.
Condition: high < low
Breakout/Breakdown Signals:
Breakout: A bullish breakout signal occurs when the price breaks above a defined resistance level after an FVG gap. This suggests that the market may continue moving higher.
Breakdown: A bearish breakdown signal occurs when the price breaks below a defined support level after an FVG gap. This suggests that the market may continue moving lower.
NWOG (New Week Opening Gap):
The NWOG can be used as an additional factor to confirm the FVG signal. The gap between Friday's close and Monday's open is a crucial level for identifying the start of a new move for the week.
NWOG helps to further refine the timing of breakout or breakdown signals, only triggering them when price moves relative to the Monday Open and shows a new direction.
Dynamic Hybrid IndicatorHedef: Kısa vadeli trend dönüşlerini erken tespit ederek al-sat sinyalleri üretmek.
Zaman Dilimi: 1 dakikalık, 5 dakikalık ya da 15 dakikalık grafikler.
FVG at NWOGFVG at NWOG (Fair Value Gap at New Week Opening Gap)
This concept combines two key ideas:
New Week Opening Gap (NWOG)
Fair Value Gap (FVG)
When we combine these two concepts, we are looking for Fair Value Gaps (which indicate market inefficiencies or price imbalances) that occur around the New Week Opening Gap. This can provide insight into potential breakout or breakdown opportunities for the next trading week.
Agrupación de velas 5m en una vela 15mcon este indicador podras saber en el grafico de 5 minutos, cuales velas pertenecen al grupo de una vela de 15 minutos
Enhanced Multi-Indicator StrategyEnhance your strategy by incorporating a combination of indicators to improve accuracy. We'll use the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) along with your moving averages to provide a more robust signal.
Three Consecutive Candles with Increasing VolumeNOT MY SCRIPT, this script tells you if candles are moving in 3 or more in a row (TREYLLO)
NWOG with FVGThe New Week Opening Gap (NWOG) and Fair Value Gap (FVG) combined indicator is a trading tool designed to analyze price action and detect potential support, resistance, and trade entry opportunities based on two significant concepts:
New Week Opening Gap (NWOG): The price range between the high and low of the first candle of the new trading week.
Fair Value Gap (FVG): A price imbalance or gap between candlesticks, where price may retrace to fill the gap, indicating potential support or resistance zones.
When combined, these two concepts help traders identify key price levels (from the new week open) and price imbalances (from FVGs), which can act as powerful indicators for potential market reversals, retracements, or continuation trades.
1. New Week Opening Gap (NWOG):
Definition:
The New Week Opening Gap (NWOG) refers to the range between the high and low of the first candle in a new trading week (often, the Monday open in most markets).
Purpose:
NWOG serves as a significant reference point for market behavior throughout the week. Price action relative to this range helps traders identify:
Support and Resistance zones.
Bullish or Bearish sentiment depending on price’s relation to the opening gap levels.
Areas where the market may retrace or reverse before continuing in the primary trend.
How NWOG is Identified:
The high and low of the first candle of the new week are drawn on the chart, and these levels are used to assess the market's behavior relative to this range.
Trading Strategy Using NWOG:
Above the NWOG Range: If price is trading above the NWOG levels, it signals bullish sentiment.
Below the NWOG Range: If price is trading below the NWOG levels, it signals bearish sentiment.
Price Touching the NWOG Levels: If price approaches or breaks through the NWOG levels, it can indicate a potential retracement or reversal.
2. Fair Value Gap (FVG):
Definition:
A Fair Value Gap (FVG) occurs when there is a gap or imbalance between two consecutive candlesticks, where the high of one candle is lower than the low of the next candle (or vice versa), creating a zone that may act as a price imbalance.
Purpose:
FVGs represent an imbalance in price action, often indicating that the market moved too quickly and left behind a price region that was not fully traded.
FVGs can serve as areas where price is likely to retrace to fill the gap, as traders seek to correct the imbalance.
How FVG is Identified:
An FVG is detected if:
Bearish FVG: The high of one candle is less than the low of the next (gap up).
Bullish FVG: The low of one candle is greater than the high of the next (gap down).
The area between the gap is drawn as a shaded region, indicating the FVG zone.
Trading Strategy Using FVG:
Price Filling the FVG: Price is likely to retrace to fill the gap. A reversal candle in the FVG zone can indicate a trade setup.
Support and Resistance: FVG zones can act as support (in a bullish FVG) or resistance (in a bearish FVG) if the price retraces to them.
Combined Strategy: New Week Opening Gap (NWOG) and Fair Value Gap (FVG):
The combined use of NWOG and FVG helps traders pinpoint high-probability price action setups where:
The New Week Opening Gap (NWOG) acts as a major reference level for potential support or resistance.
Fair Value Gaps (FVG) represent market imbalances where price might retrace to, filling the gap before continuing its move.
Signal Logic:
Buy Signal:
Price touches or breaks above the NWOG range (indicating a bullish trend) and there is a bullish FVG present (gap indicating a support area).
Price retraces to fill the bullish FVG, offering a potential buy opportunity.
Sell Signal:
Price touches or breaks below the NWOG range (indicating a bearish trend) and there is a bearish FVG present (gap indicating a resistance area).
Price retraces to fill the bearish FVG, offering a potential sell opportunity.
Example:
Buy Setup:
Price breaks above the NWOG resistance level, and a bullish FVG (gap down) appears below. Traders can wait for price to pull back to fill the gap and then take a long position when confirmation occurs.
Sell Setup:
Price breaks below the NWOG support level, and a bearish FVG (gap up) appears above. Traders can wait for price to retrace and fill the gap before entering a short position.
Key Benefits of the Combined NWOG & FVG Indicator:
Combines Two Key Concepts:
NWOG provides context for the market's overall direction based on the start of the week.
FVG highlights areas where price imbalances exist and where price might retrace to, making it easier to spot entry points.
High-Probability Setups:
By combining these two strategies, the indicator helps traders spot high-probability trades based on major market levels (from NWOG) and price inefficiencies (from FVG).
Helps Identify Reversal and Continuation Opportunities:
FVGs act as potential support and resistance zones, and when combined with the context of the NWOG levels, it gives traders clearer guidance on where price might reverse or continue its trend.
Clear Visual Signals:
The indicator can plot the NWOG levels on the chart, and shade the FVG areas, providing a clean and easy-to-read chart with entry signals marked for buy and sell opportunities.
Conclusion:
The New Week Opening Gap (NWOG) and Fair Value Gap (FVG) combined indicator is a powerful tool for traders who use price action strategies. By incorporating the New Week's opening range and identifying gaps in price action, this indicator helps traders identify potential support and resistance zones, pinpoint entry opportunities, and increase the probability of successful trades.
This combined strategy enhances your analysis by adding layers of confirmation for trades based on significant market levels and price imbalances. Let me know if you'd like more details or modifications!
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Enhanced Market Opportunity StrategyThe Enhanced Market Opportunity Strategy is a versatile Pine Script designed for trading various asset classes (forex, crypto, indices, etc.) and timeframes. It combines technical indicators like MACD, RSI, and EMA with dynamic risk management tools such as ATR-based stop-loss and take-profit levels. The script highlights buy/sell signals and includes features like partial profit targets, trailing stops, and performance tracking (wins/losses). It also provides customizable alerts and labels for price movements (+100 points) for effective trade execution
Asia Sessions AutoPlotting**Asia Sessions AutoPlotting**
This script is designed to automatically detect and plot the Asia session high and low levels directly on your chart, providing key session data for trading analysis. It is highly customizable, making it an essential tool for traders who rely on session data for decision-making.
### Key Features:
- **Asia Session Detection**: Automatically identifies the Asia session based on user-defined time settings (default: 0000-0845 UTC).
- **High/Low Line Plotting**: Displays high and low price levels for the session with customizable colors and line styles.
- **Line Extensions**: Option to extend session high/low lines for future price action reference.
- **Session Background Fill**: Adds an optional colored background to highlight the Asia session period.
- **Day Labels**: Includes labels for the session high/low levels with the corresponding day of the week.
- **Dynamic Session History**: Limits the display to a user-specified number of past sessions (default: 7) to keep the chart clean and focused.
- **Customizable Colors**: Highlights Mondays with unique colors for easy identification, while other weekdays use a different scheme.
### Use Cases:
- Identify key session levels for trading strategies.
- Monitor Asia session dynamics and their impact on subsequent sessions.
- Spot significant price reactions around session highs/lows.
### Inputs:
- **Session Time**: Adjust the session time to match your preferred Asia trading hours.
- **Toggle High/Low Lines**: Enable or disable the plotting of session highs and lows.
- **Line Extensions**: Extend the session high/low lines into future bars for better visualization.
- **Background Highlight**: Toggle a colored background for the Asia session.
- **Maximum Sessions**: Define how many past sessions to display for clarity.
This script is perfect for intraday traders, scalpers, and swing traders looking to gain insight into the Asia session and its influence on global markets. Fully adjustable and easy to use, it enhances your chart with critical information at a glance.
Simply add it to your TradingView chart, configure your settings, and let it do the work for you!
EMA with Bar CountThis indicator, **"EMA with Bar Count"**, is a comprehensive tool for traders that combines multiple technical analysis techniques to enhance decision-making. Here's a summary of its features:
### Features:
1. **Multiple Timeframe EMA (Exponential Moving Average):**
- Allows traders to visualize EMAs from multiple timeframes, such as 1-minute, 5-minute, 60-minute, daily, and custom intervals.
- EMAs are displayed in different colors for easy differentiation, aiding in identifying key trend directions and support/resistance levels.
2. **Bar Count Tracker:**
- Tracks and labels bars at specific intervals (e.g., every 3 bars) with customizable label size and color.
- Useful for monitoring bar progression and aligning with time-based strategies.
3. **Inside and Outside Bars:**
- Highlights inside bars (bars completely within the range of the previous bar) and outside bars (bars exceeding the range of the previous bar).
- Provides visual markers for potential consolidation (inside bars) or volatility (outside bars) setups.
4. **Trend Candle Analysis:**
- Detects sequences of three consecutive bullish or bearish candles.
- Marks these trends on the chart for potential continuation or reversal strategies.
5. **Micro Gaps:**
- Detects and marks gaps between the current bar's open and the previous bar's close, highlighting potential price inefficiencies.
- Differentiates between bullish (gap up) and bearish (gap down) gaps with unique symbols.
6. **50% Line Visualization:**
- Calculates and optionally displays a midline for each bar, representing 50% of its range.
- Helps traders identify equilibrium levels within individual bars.
7. **Overlap and TR Detector:**
- Measures the overlap between consecutive bars as a proportion of their range.
- Marks TR (Trading Range) bars with significant overlaps, highlighting potential areas of consolidation.
8. **Pattern Alerts:**
- Identifies advanced patterns like IOI (Inside-Outside-Inside), OII (Outside-Inside-Inside), and IOO (Inside-Outside-Outside).
- Includes customizable alerts for these patterns and specific bar counts to improve reaction times.
9. **Customizable Background Highlighting:**
- Option to color the chart background based on specific conditions, like time (e.g., 7:30 AM) or relative position to the 1-hour EMA.
10. **Gap Detector for Fair Value Gaps (FVG):**
- Highlights gaps between bars using shaded boxes.
- Useful for identifying untested price areas that may attract future price action.
11. **Wedge and Flag Patterns:**
- Analyzes pivot points to identify wedges and flag patterns.
- Provides visual guides to aid in breakout or continuation trade setups.
12. **Alerts for Key Events:**
- Customizable alerts for a wide range of trading events, including long wicks, range breakouts, and key bar patterns.
This indicator is designed for traders who want an all-in-one tool that provides actionable insights from multiple technical perspectives, enabling them to spot trends, reversals, breakouts, and consolidation zones effectively.