Price RangePrice Range
This indicator displays low, middle, and high price zones based on the lowest and highest prices over a specified period, using color-coding. This helps users visually identify the current price's position within these zones.
The effectiveness of chart patterns varies depending on where they appear within these price zones. For example, a double bottom pattern, which signals a potential market bottom, is a strong buy signal if it forms in the low zone, but it has less reliability if it forms in the middle or high zones.
Similarly, price action signals vary in significance based on their location. If a long upper wick pin bar appears in the high zone, it is often interpreted as a sign of reversal.
By combining this Price Range indicator with indicators that display chart patterns or price action signals, traders can make more informed trading decisions.
By default, the middle zone is set to cover 50% of the range, but this can be adjusted.
このインジケーターは、指定した期間の最安値と最高値をもとに、安値圏、中段圏、高値圏を色分けして表示します。これにより、ユーザーは現在の価格がどの位置にあるのかを視覚的に判断できます。
また、チャートパターンの効果は、出現する価格帯によって異なります。たとえば、ダブルボトムは相場の底を示すパターンで、安値圏で形成されると強い買いシグナルとなりますが、中段圏や高値圏で出現しても信頼性は低くなります。
プライスアクションも、どの価格帯に現れるかによって解釈が異なります。高値圏で上ヒゲの長いピンバーが現れると、反転の兆しとして判断されることが多いです。
このPrice Rangeインジケーターを、チャートパターンやプライスアクションを表示するインジケーターと組み合わせることで、より適切なトレード判断が可能になります。
デフォルトでは中段圏の割合が50%になるように設定されていますが、変更することが可能です。
Patrones de gráficos
TFMTFM Strategy Explanation
Overview
The TFM (Timeframe Multiplier) strategy is a PineScript trading bot that utilizes multiple timeframes to identify entry and exit points.
Inputs
1. tfm (Timeframe Multiplier): Multiplies the chart's timeframe to create a higher timeframe for analysis.
2. lns (Long and Short): Enables or disables short positions.
Logic
Calculations
1. chartTf: Gets the chart's timeframe in seconds.
2. tfTimes: Calculates the higher timeframe by multiplying chartTf with tfm.
3. MintickerClose and MaxtickerClose: Retrieve the minimum and maximum closing prices from the higher timeframe using request.security.
- MintickerClose: Finds the lowest low when the higher timeframe's close is below its open.
- MaxtickerClose: Finds the highest high when the higher timeframe's close is above its open.
Entries and Exits
1. Long Entry: When the current close price crosses above MaxtickerClose.
2. Short Entry (if lns is true): When the current close price crosses below MintickerClose.
3. Exit Long: When the short condition is met (if lns is false) or when the trade is manually closed.
Strategy
1. Attach the script to a chart.
2. Adjust tfm and lns inputs.
3. Monitor entries and exits.
Example Use Cases
1. Intraday trading with tfm = 2-5.
2. Swing trading with tfm = 10-30.
Tips
1. Experiment with different tfm values.
2. Use lns to control short positions.
3. Combine with other indicators for confirmation.
Bewakoof stock indicator**Title**: "Bewakoof Stock Indicator: Multi-Timeframe RSI and SuperTrend Entry-Exit System"
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### Description
The **Bewakoof Stock Indicator** is an original trading tool that combines multi-timeframe RSI analysis with the SuperTrend indicator to create reliable entry and exit signals for trending markets. This indicator is designed for traders looking to follow strong trends with built-in risk management. By filtering entries through short- and long-term momentum and utilizing dynamic trailing exits, this indicator provides a structured approach to trading.
#### Indicator Components
1. **Multi-Timeframe RSI Analysis**:
- The Relative Strength Index (RSI) is calculated across three timeframes: Daily, Weekly, and Monthly.
- By examining multiple timeframes, the indicator confirms that trends align over short, medium, and long-term intervals, making buy signals more reliable.
- **Buy Condition**: All three RSI values must meet these thresholds:
- **Daily RSI > 50** – indicates short-term upward momentum,
- **Weekly RSI > 60** – signals medium-term strength,
- **Monthly RSI > 60** – confirms long-term trend alignment.
- This filtering process ensures that buy signals are generated only in stable, upward-trending markets.
2. **SuperTrend Confirmation**:
- The SuperTrend (20-period ATR with a multiplier of 2) acts as a trend filter and trailing stop mechanism.
- For a buy condition to be valid, the closing price must be above the SuperTrend level, verifying that the market is trending up.
- The combination of RSI and SuperTrend helps to avoid false signals, focusing only on well-established trends.
#### Trade Signals
- **Buy Signal**: When both the multi-timeframe RSI and SuperTrend conditions are met, a buy signal is triggered, indicated by a “BUY” label on the chart with details:
- **Entry Price**,
- **Initial Stop-Loss** (set at the SuperTrend level for risk control),
- **Target 1** – calculated with a 1:1 risk-reward ratio based on the initial stop-loss,
- **Target 2** – calculated with a 1:2 risk-reward ratio based on the initial stop-loss.
- **Exit Signals**: This indicator provides two exit strategies to protect profits:
1. **Fixed Stop-Loss**: Automatically set at the SuperTrend level at the time of entry to limit risk.
2. **Trailing Exit**: Exits are triggered if the price crosses below the SuperTrend level, adapting to potential trend reversals.
#### Labeling & Alerts
The **Bewakoof Stock Indicator** offers intuitive labeling and alert options:
- **Labels**: Buy and exit points are clearly marked, showing entry, stop-loss, and targets directly on the chart.
- **Alerts**: Custom alerts can be set for:
- **Buy signals** when both conditions are met, and
- **Exit signals** triggered by the stop-loss or trailing exit.
#### Use Case and Benefits
This indicator is ideal for trend-following traders who value risk control and trend confirmation:
- **Stronger Trend Signals**: By requiring RSI alignment across multiple timeframes, this indicator focuses only on trades with strong trend momentum.
- **Dynamic Risk Management**: Using both fixed and trailing exits enables flexible trade management, balancing risk and potential reward.
- **Simple Trade Execution**: The chart labels and alerts simplify trade decisions, making it easy to enter, manage, and exit trades.
#### How to Use
1. **Add** the Bewakoof Stock Indicator to your chart.
2. **Watch** for the "BUY" label as your entry point.
3. **Manage the trade** using the labeled stop-loss and target levels.
4. **Exit** on either a stop-loss hit or when the price crosses below the SuperTrend for a trailing exit.
The **Bewakoof Stock Indicator** is a complete solution for trend-following traders, combining the strength of multi-timeframe RSI with the SuperTrend’s trend-following capabilities. This systematic approach aims to provide high-confidence entries and effective risk management, empowering traders to follow trends with precision and control.
Key Prices & LevelsThis indicator is designed to visualize key price levels & areas for NY trading sessions based on the price action from previous day, pre-market activity and key areas from NY session itself. The purpose is to unify all key levels into a single indicator, while allowing a user to control which levels they want to visualize and how.
The indicator identifies the following:
Asia Range High/Lows, along with ability to visualize with a box
London Range High/Lows, along with ability to visualize with a box
Previous Day PM Session High/Lows
Current Day Lunch Session High/Lows, starts appearing after 12pm EST once the lunch session starts
New York Open (8:30am EST) price
9:53 Open (root candle) price
New York Midnight (12:00am EST) price
Previous Day High/Lows
First 1m FVG after NY Session Start (after 9:30am), with the ability to configure minimum FVG size.
Opening Range Gap, showing regular market hours close price (previous day 16:15pm EST close), new session open price (9:30am EST open) and optionally the mid-point between the two
Asia Range 50% along with 2, 2.5, 4 and 4.5 deviations of the Asia range in both directions
Configurability:
Each price level can be turned off
Styles in terms of line type, color
Ability to turn on/off labels for price levels and highlighting of prices on price scale
Ability to control label text for price levels
How is it different:
Identifies novel concepts such as 9:53 open, root candle that can be used as a bounce/resistance area during AM/PM sessions as well as confirmation of direction once closed over/under to indicate price's willingness to continue moving in the same direction.
It also shows 1st 1m FVG after New York Session open, that can be used to determine direction of the price action depending on PA's reaction to that area. While both 9:53 and 1m FVG are 1m based markers, these levels are visualized by the indicator on all timeframes from 15s to 1h.
Additionally the indicator is able to both highlight key prices in the price scale pane as well as combine labels to minimize clutter when multiple levels have the same price.
Lastly for in-session ranges such as Lunch High/Low the indicator updates the range in real-time as opposed to waiting for the lunch session to be over.
Torus Visualization-Secret Geometry-AYNETExplanation:
Outer and Inner Circles:
The script draws two main circles: the outer boundary and the inner boundary of the Torus.
Bands Between Circles:
Additional concentric circles are drawn to create the illusion of a Torus structure.
Customizable Inputs:
You can control the outer radius, inner radius, number of segments for smoother circles, and the number of bands to improve visualization.
Parameters:
center_x and center_y define the center of the Torus on the chart.
outer_radius and inner_radius control the size of the Torus.
segments define the resolution of the circles (more segments = smoother appearance).
Visualization:
The Torus appears as a series of concentric circles, giving a 2D approximation of the 3D structure.
This script can be visualized on any chart, and the Torus will adjust its position based on the specified center and radius values.
Renko Periodic Spiral of Archimedes-Secret Geometry - AYNETHow It Works
Dynamic Center:
The spiral is centered on the close price of the chart, with an optional vertical offset (center_y_offset).
Spiral Construction:
The spiral is drawn using segments_per_turn to divide each turn into small line segments.
spacing determines the radial distance between successive turns.
num_turns controls how many full rotations the spiral will have.
Line Drawing:
Each segment is computed using trigonometric functions (cos and sin) to calculate its endpoints.
These segments are drawn sequentially to form the spiral.
Inputs
Center Y Offset: Adjusts the vertical position of the spiral relative to the close price.
Number of Spiral Turns: Total number of full rotations in the spiral.
Spacing Between Turns: Distance between consecutive turns.
Segments Per Turn: Number of segments used to create each turn (higher values make the spiral smoother).
Line Color: Customize the color of the spiral lines.
Line Width: Adjust the thickness of the spiral lines.
Example
If num_turns = 5, spacing = 2, and segments_per_turn = 100:
The spiral will have 5 turns, with a radial distance of 2 between each turn, divided into 100 segments per turn.
Let me know if you have further requests or adjustments to the visualization!
Meme Coin Buy Signal Indicator by asharThis custom TradingView indicator is specifically designed for meme coins, using technical analysis indicators to identify optimal buy signals. It combines short-term moving averages, volume spikes, and Bitcoin trend alignment to pinpoint potential entry points during high-momentum periods.
Indicator Components:
Moving Averages (MA): A 5-period fast MA and a 13-period slow MA highlight short-term price momentum. Buy signals are generated when the fast MA crosses above the slow MA, indicating potential upward momentum.
Volume Spike Detection: The indicator detects high-volume periods using a multiplier. If the current volume exceeds the 10-period average volume by the set multiplier (default: 2.0), it indicates increased buying interest, which is crucial for meme coins.
Bitcoin Trend Alignment: The trend of Bitcoin, a market-wide sentiment indicator, is gauged with a 20-day moving average. Buy signals are validated only when Bitcoin is also in an uptrend, providing additional bullish confirmation for meme coins.
Buy Signal Criteria: A buy signal is triggered when:
The fast MA crosses above the slow MA.
Volume is above the average by the set multiplier.
The price is above the slow MA.
Bitcoin is trending up based on the 20-day moving average.
This indicator is ideal for meme coin traders looking to time entries with momentum-driven trends, aligning volume and trend indicators for a more comprehensive approach to high-risk assets.
Performance-INDIA & GLOBAL MARKETS-MADGrowth vs. Stability: India is expected to maintain relatively strong economic growth compared to many other global markets, which are facing slower growth or even recession risks. The Indian economy is benefiting from a large domestic market, young population, and rising digital and infrastructure investments.
Volatility: Indian markets are often more volatile due to domestic factors, such as political changes, policy announcements, and inflationary pressures. Global markets, on the other hand, tend to experience volatility based on external economic factors and geopolitical risks.
Inflation and Interest Rates: Both India and global markets are dealing with inflation, but India’s central bank (RBI) is seen as being proactive in controlling inflation through interest rate hikes. Globally, major central banks like the Fed and ECB are tightening their monetary policies, which is contributing to global economic slowdown concerns.
Timeframes Dieser Indikator visualisiert Handelszeitzonen und Sitzungsüberschneidungen für die Hauptmärkte (Asien, Europa und New York). Er wurde entwickelt, um die Marktöffnungszeiten in den verschiedenen Zeitzonen grafisch darzustellen und wichtige Handelszeitüberschneidungen hervorzuheben.
Funktionen:
Automatische Zeitbereichsmarkierung: Der Indikator zeigt die Boxen jeder Zeitzone (Asien, Europa und New York) in voller Breite an, sobald die jeweilige Session beginnt. Die Boxen passen sich den Preisbewegungen in Echtzeit an, um eine nahtlose Synchronisierung mit den aktuellen Marktdaten zu gewährleisten.
Anpassbare Sitzungsfarben und -texte: Jede Zeitzone ist mit einer spezifischen Farbe versehen, die in den Einstellungen konfiguriert werden kann, um die einzelnen Sessions optisch klar zu unterscheiden.
Dynamische Hoch- und Tiefpunkte innerhalb der Sitzungen: Der Indikator passt die oberen und unteren Grenzen jeder Session-Box an die höchste und niedrigste Preisbewegung während der jeweiligen Handelszeiten an.
Startlinien für Sitzungsbeginn: Neben den Session-Boxen werden Linien angezeigt, die den Beginn jeder Zeitzone markieren und es den Benutzern ermöglichen, den genauen Startzeitpunkt jeder Sitzung schnell zu erkennen.
Infotabelle mit Sitzungsstatus: Eine optionale Tabelle zeigt den aktuellen Status (geöffnet/geschlossen) und die Start- und Endzeiten der Sitzungen in einem klar strukturierten Format an. Diese Info-Tabelle bietet eine schnelle Übersicht, wann die Märkte geöffnet sind, und vereinfacht so die Planung von Handelsentscheidungen.
Sash Trending Suite NEWWhy
The " Sash Trending Suite " (STS) indicator simplifies trading by highlighting market trends and potential reversals. In a world of complex charts and overwhelming data, STS helps traders quickly understand market direction and make informed decisions.
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How and What
STS combines key technical tools into one easy-to-read indicator, directly showing important signals on the chart:
Macro Trend Detection
How : Uses two EMAs (fast and slow) and the ADX to identify strong bullish or bearish trends.
What to Look For :
Bar Colors :
Green Bars : Indicate a strong upward (bullish) trend.
Red Bars : Indicate a strong downward (bearish) trend.
Benefit : Quickly see the overall market direction.
Alpha Track Line
How : An adaptive EMA that acts as a dynamic support or resistance line.
What to Look For :
Line Colors :
Green Line : Price is above the line (bullish momentum).
Red Line : Price is below the line (bearish momentum).
Benefit : Visualize momentum shifts easily.
Reversal Signals
How : Combines RSI with price action to spot potential market reversals.
What to Look For :
"R" Labels :
Turquoise "R" Below Bar : Potential bullish reversal.
Amber "R" Above Bar : Potential bearish reversal.
Benefit : Identify possible turning points for entry or exit.
Micro Trend Detection
How : Uses shorter EMAs to catch minor trend changes.
What to Look For :
Small Circles :
Green Circle Below Bar : Micro bullish signal.
Red Circle Above Bar : Micro bearish signal.
Benefit : Spot short-term trend shifts promptly.
Alerts
How : Built-in alerts notify you of key events.
What to Expect :
Trend Changes : Alerts when a new bullish or bearish trend starts.
Reversals : Alerts for potential bullish or bearish reversals.
Benefit : Stay updated without constantly watching the chart.
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Summary
The "Sash Trending Suite" provides:
Simplified Analysis : One indicator shows trend direction, momentum, reversals, and micro trends.
Clear Visuals : Color-coded bars and symbols make interpretation easy.
Timely Alerts : Know about important market changes instantly.
By focusing on essential signals and displaying them clearly, STS helps traders navigate the market with confidence and simplicity.
TrendTracker - Table Trend FREETrendTracker
The TrendTracker is a powerful indicator designed to help you quickly identify market trends (bullish or bearish) across the timeframes of your choice. It generates an intuitive and customizable table directly on your chart, displaying the trend status for your selected periods.
Key Features:
Clear trend identification: Easily see if the market is in a bullish (uptrend) or bearish (downtrend) state across your chosen timeframes.
Full customization: Adjust table colors, timeframes, and even its position on the chart directly within the indicator settings.
Clean and functional design: Built to provide quick insights without cluttering your chart.
Whether you're a beginner or an experienced trader, the TrendTracker is an essential tool to help you make more informed decisions and better seize market opportunities.
Enjoyed the Indicator?
If you found the TrendTracker useful, how about buying me a coffee? 🚀☕
Send any amount to my Metamask wallet (BSC): 0x74d57109eE016514Bc8b054ceae34740c34941A9
Thanks for your support, and happy trading! 💹
Multi-Timeframe RSI & Bollinger Bands Alert - HanniesThis script is for trend analysis, with bollinger bands and RSI indicator combination.
10-MIN SMA HIGH-LOW BREAKOUTThis script is based on 10-MINute SMA HIGH-LOW BREAKOUT. This is specially intended to be used on Index options. There should be a price action formation in 10 minutes time frame where a particular candle is closed above its high/low and then reverse closes above its high/low, which will be considered breakout and entry.
Sachin indicator Good indicator including moving average 30 and moving average 44 and also MaCD And also rsi inspired by Vijay Thakur video
Specific Time CandlesSpecific Time Candles Indicator
The Specific Time Candles indicator is a powerful tool designed for traders who want to focus on specific time intervals within their charts. This custom indicator allows you to highlight and analyze price action during user-defined time periods, providing clarity and precision in your trading strategy.
Key Features:
Custom Time Intervals: Select any start and end time to create candles that focus on your preferred trading hours. This is particularly useful for traders who want to concentrate on market sessions, such as the London or New York session, or any other specific time frame relevant to their trading plan.
Enhanced Visualization: By isolating specific time periods, this indicator helps reduce noise and provides a clearer view of market movements during key trading hours. This can be beneficial for identifying trends, reversals, and potential breakout opportunities.
Flexible Configuration: Easily adjust the indicator settings to match your trading schedule. Whether you are a day trader, swing trader, or scalper, you can customize the time frames to suit your needs.
Compatibility: The indicator is compatible with multiple asset classes, including forex, stocks, commodities, and cryptocurrencies, making it a versatile tool for any trader.
User-Friendly Interface: Designed with simplicity in mind, the Specific Time Candles indicator is easy to set up and use, even for those who are new to TradingView.
How to Use:
Add the indicator to your chart from the TradingView library.
Set your desired start and end times in the indicator settings.
Observe the newly formed candles that represent the specified time intervals.
Use these candles to make informed trading decisions based on the focused analysis of market activity during your chosen periods.
Benefits:
Precision Trading: Focus on the most relevant market data, eliminating distractions from other time periods.
Improved Decision-Making: Gain insights into market behavior during critical times, enhancing your ability to make strategic trades.
Time Management: Efficiently manage your trading by concentrating on specific times, allowing for better planning and execution.
The Specific Time Candles indicator is a must-have for traders looking to refine their strategies by concentrating on precise market windows. Whether you are targeting high-volatility periods or specific trading sessions, this indicator provides the tools you need to succeed.
CAO BA NHAN//@version=5
indicator("Potential Buy/Sell Limit Zones", overlay=true)
// Tham số đầu vào
volume_threshold = input.float(1.5, title="Volume Spike Threshold", step=0.1)
support_resistance_length = input.int(20, title="Support/Resistance Lookback Length")
// Tính toán SMA của volume và kiểm tra volume spike
volume_sma = ta.sma(volume, support_resistance_length)
volume_spike = volume > volume_sma * volume_threshold
// Xác định hỗ trợ và kháng cự
support = ta.lowest(close, support_resistance_length)
resistance = ta.highest(close, support_resistance_length)
// Hiển thị các vùng giới hạn có khả năng
plot(volume_spike ? support : na, title="Potential Buy Limit Zone", color=color.green, linewidth=2, style=plot.style_stepline)
plot(volume_spike ? resistance : na, title="Potential Sell Limit Zone", color=color.red, linewidth=2, style=plot.style_stepline)
// Đánh dấu trên biểu đồ khi có volume spike tại các vùng hỗ trợ/kháng cự
bgcolor(volume_spike and close == support ? color.new(color.green, 80) : na, title="Buy Zone")
bgcolor(volume_spike and close == resistance ? color.new(color.red, 80) : na, title="Sell Zone")
Multi-Timeframe Moving Averages by Skyito"Hope everyone likes this and finds it useful! This multi-timeframe moving average indicator provides a comprehensive view of moving averages from various timeframes directly on one chart. It’s designed to help traders analyze market trends and levels more effectively without constantly switching between charts.
Script Explanation: This indicator supports a range of moving average types, including SMA, EMA, HMA, WMA, VWMA, RMA, SSMA, and DEMA, allowing for flexibility in analysis. Each moving average is fully customizable by length and type for each timeframe, giving you control over how trends are represented.
The indicator includes timeframes such as 15 minutes, 1 hour, 4 hours, 6 hours, 8 hours, 12 hours, 1 day, 3 days, 5 days, 1 week, 3 weeks, and 1 month. Each moving average is displayed as a line with a small dashed extension, showing a label that contains the moving average’s timeframe, type, and current price level. The dark blue labels are slightly enlarged to enhance readability on the chart, making it easier to track important levels at a glance.
Use Case: This tool is ideal for traders looking to stay aware of trend levels across multiple timeframes on one chart. Adjusting the moving averages’ lengths and types enables customization for any strategy, while the label information provides an immediate understanding of the timeframe and trend context.
Enjoy the streamlined view and the added insights from multi-timeframe analysis!"
Previous Daily Candle The Previous Daily Candle indicator is a powerful tool designed to enhance your intraday trading by providing clear visual cues of the previous day's price action. By outlining the high, low, open, and close of the previous daily candle and adding a middle dividing line, this indicator offers valuable context to inform your trading decisions.
🎯 Purpose
Visual Clarity: Highlight the key levels from the previous day's price movement directly on your intraday charts.
Trend Confirmation: Quickly identify bullish or bearish sentiment based on the previous day's candle structure.
Support and Resistance: Use the outlined high and low as potential support and resistance levels for your trading strategies.
Customizable Visualization: Tailor the appearance of the outlines and middle line to fit your trading style and chart aesthetics.
🛠️ Features
Outlined Candle Structure:
High and Low Lines: Clearly mark the previous day's high and low with customizable colors and line widths.
Open and Close Representation: Visualize the previous day's open and close through the outlined structure.
Middle Dividing Line:
Average Price Level: A horizontal line divides the candle in half, representing the average of the open and close prices.
Customizable Appearance: Adjust the color and thickness to distinguish it from the high and low outlines.
Bullish and Bearish Differentiation:
Color-Coded Outlines: Automatically change the outline color based on whether the previous day's candle was bullish (green by default) or bearish (red by default).
Enhanced Visual Feedback: Quickly assess market sentiment with intuitive color cues.
Customization Options:
Outline Colors: Choose distinct colors for bullish and bearish candle outlines to match your chart's color scheme.
Middle Line Color: Select a color that stands out or blends seamlessly with your existing chart elements.
Line Width Adjustment: Modify the thickness of all lines to ensure visibility without cluttering the chart.
Transparent Candle Body:
Non-Intrusive Display: The indicator only draws the outlines and middle line, keeping the candle body transparent to maintain the visibility of your primary chart data.
⚙️ How It Works
Data Retrieval: The indicator fetches the previous day's open, high, low, and close prices using TradingView's request.security function.
Candle Analysis: Determines whether the previous day's candle was bullish or bearish by comparing the close and open prices.
Dynamic Drawing: Upon the start of a new day, the indicator deletes the previous outlines and redraws them based on the latest data.
Time Synchronization: Accurately aligns the outlines with the corresponding time periods on your intraday chart.
📈 How to Use
Add to Chart:
Open TradingView and navigate to the Pine Editor.
Paste the provided Pine Script code into the editor.
Click on Add to Chart to apply the indicator.
Customize Settings:
Access the indicator's settings by clicking the gear icon next to its name on the chart.
Adjust the Bullish Outline Color, Bearish Outline Color, Middle Line Color, and Outline Width to your preference.
Interpret the Lines:
Bullish Candle: If the previous day's close is higher than its open, the outlines will display in the bullish color (default green).
Bearish Candle: If the previous day's close is lower than its open, the outlines will display in the bearish color (default red).
Middle Line: Represents the midpoint between the open and close, providing a quick reference for potential support or resistance.
Integrate with Your Strategy:
Use the high and low outlines as potential entry or exit points.
Combine with other indicators for confirmation to strengthen your trading signals.
BTCUSD Price Overextension from Configurable SMAsBTCUSD Price Overextension Indicator with Configurable SMAs
This indicator helps identify potential correction points for BTCUSD by detecting overextended conditions based on customizable short-term and long-term SMAs, average price deviation, and divergence.
Key Features:
Customizable SMAs: Set your own lengths for short-term (default 20) and long-term (default 50) SMAs, allowing you to tailor the indicator to different market conditions.
Overextension Detection: Detects when the average price over a set period (default 10 bars) is overextended above the short-term SMA by a configurable adjustment factor.
Divergence Threshold: Highlights when the short-term and long-term SMAs diverge beyond a specified threshold, signaling potential trend continuation.
Conditional Highlight: Displays a red background only when all conditions are met, and the current candle closes at or above the previous candle. A label "Overextended" appears only on the first bar of each overextended sequence for clear identification.
How to Use:
Identify Correction Signals: Look for red background highlights, which indicate a potential overextension based on the configured SMA and divergence thresholds.
Adjust Parameters: Use the adjustment factor, divergence threshold, and SMA lengths to fine-tune the indicator for different market environments or trading strategies.
This tool is ideal for BTCUSD traders looking to spot potential pullback areas or continuation zones by analyzing trend strength and overextension relative to key moving averages.
Bollinger Bands + RSI StrategyThe Bollinger Bands + RSI strategy combines volatility and momentum indicators to spot trading opportunities in intraday settings. Here’s a concise summary:
Components:
Bollinger Bands: Measures market volatility. The lower band signals potential buying opportunities when the price is considered oversold.
Relative Strength Index (RSI): Evaluates momentum to identify overbought or oversold conditions. An RSI below 30 indicates oversold, suggesting a buy, and above 70 indicates overbought, suggesting a sell.
Strategy Execution:
Buy Signal : Triggered when the price falls below the lower Bollinger Band while the RSI is also below 30.
Sell Signal : Activated when the price exceeds the upper Bollinger Band with an RSI above 70.
Exit Strategy : Exiting a buy position is considered when the RSI crosses back above 50, capturing potential rebounds.
Advantages:
Combines price levels with momentum for more reliable signals.
Clearly defined entry and exit points help minimize emotional trading.
Considerations:
Can produce false signals in very volatile or strongly trending markets.
Best used in markets without a strong prevailing trend.
This strategy aids traders in making decisions based on technical indicators, enhancing their ability to profit from short-term price movements.
Moving Average Pullback Signals [UAlgo]The "Moving Average Pullback Signals " indicator is designed to identify potential trend continuation or reversal points based on moving average (MA) pullback patterns. This tool combines multiple types of moving averages, customized trend validation parameters, and candlestick wick patterns to provide reliable buy and sell signals. By leveraging several advanced MA methods (such as TEMA, DEMA, ZLSMA, and McGinley-D), this script can adapt to different market conditions, providing traders with flexibility and more precise trend-based entries and exits. The addition of a gradient color-coded moving average line and wick validation logic enables traders to visualize market sentiment and trend strength dynamically.
🔶 Key Features
Multiple Moving Average (MA) Calculation Methods: This indicator offers various MA calculation types, including SMA, EMA, DEMA, TEMA, ZLSMA, and McGinley-D, allowing traders to select the MA that best fits their strategy.
Trend Validation and Pattern Recognition: The indicator includes a customizable trend validation length, ensuring that the trend is consistent before buy/sell signals are generated. The "Trend Pattern Mode" setting provides flexibility between "No Trend in Progress," "Trend Continuation," and "Both," tailoring signals to the trader’s preferred style.
Wick Validation Logic: To enhance the accuracy of entries, this indicator identifies specific wick patterns for bullish or bearish pullbacks, which signal potential trend continuation or reversal. Wick length and validation factor are adjustable to suit various market conditions and timeframes.
Gradient Color-coded MA Line: This feature provides a quick visual cue for trend strength, with color changes reflecting relative highs and lows of the MA, enhancing market sentiment interpretation.
Alerts for Buy and Sell Signals: Alerts are triggered when either a bullish or bearish pullback is detected, allowing traders to receive instant notifications without continuously monitoring the chart.
Visual Labels for Reversal Points: The indicator plots labels ("R") at potential reversal points, with color-coded labels for bullish (green) and bearish (red) pullbacks, highlighting pullback opportunities that align with the trend or reversal potential.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
William Fractals + SignalsWilliams Fractals + Trading Signals
This indicator identifies Williams Fractals and generates trading signals based on price sweeps of these fractal levels.
Williams Fractals are specific candlestick patterns that identify potential market turning points. Each fractal requires a minimum of 5 bars (2 before, 1 center, 2 after), though this indicator allows you to customize the number of bars checked.
Up Fractal (High Point) forms when you have a center bar whose HIGH is higher than the highs of 'n' bars before and after it. For example, with n=2, you'd see a pattern where the center bar's high is higher than 2 bars before and 2 bars after it. The indicator also recognizes patterns where up to 4 bars after the center can have equal highs before requiring a lower high.
Down Fractal (Low Point) forms when you have a center bar whose LOW is lower than the lows of 'n' bars before and after it. For example, with n=2, you'd see a pattern where the center bar's low is lower than 2 bars before and 2 bars after it. The indicator also recognizes patterns where up to 4 bars after the center can have equal lows before requiring a higher low.
Trading Signals:
The indicator generates signals when price "sweeps" these fractal levels:
Buy Signal (Green Triangle) triggers when price sweeps a down fractal. This requires price to go BELOW the down fractal's low level and then CLOSE ABOVE it . This pattern often indicates a failed breakdown and potential reversal upward.
Sell Signal (Red Triangle) triggers when price sweeps an up fractal. This requires price to go ABOVE the up fractal's high level and then CLOSE BELOW it. This pattern often indicates a failed breakout and potential reversal downward.
Customizable Settings:
1. Periods (default: 10) - How many bars to check before and after the center bar (minimum value: 2)
2. Maximum Stored Fractals (default: 1) - How many fractal levels to keep in memory. Older levels are removed when this limit is reached to prevent excessive signals and maintain indicator performance.
Important Notes:
• The indicator checks the actual HIGH and LOW prices of each bar, not just closing prices
• Fractal levels are automatically removed after generating a signal to prevent repeated triggers
• Signals are only generated on bar close to avoid false triggers
• Alerts include the ticker symbol and the exact price level where the sweep occurred
Common Use Cases:
• Identifying potential reversal points
• Finding stop-hunt levels where price might reverse
• Setting stop-loss levels above up fractals or below down fractals
• Trading failed breakouts/breakdowns at fractal levels
