Quantum RSI Signals Suite [QuantAlgo]Introducing Quantum RSI Signals Suite 🎯💫
The Quantum RSI Signals Suite by QuantAlgo is a sophisticated technical indicator that combines statistical z-score analysis with enhanced trend following to identify market trends and reversals. This premium system integrates normalized RSI readings with multi-timeframe statistical measurements to help traders and investors identify trend direction and potential reversals. By evaluating both RSI dynamics and directional trend analysis together, this tool enables users to make data-driven trading decisions with statistical validation.
🌊 Indicator Architecture
The Quantum RSI Signals Suite provides a unique framework for assessing market trends through a blend of normalized RSI and dynamic trend-weighted z-score calculations. Unlike traditional RSI indicators that use fixed overbought/oversold levels, this system incorporates statistical measurements and directional trend analysis to adjust sensitivity automatically. By combining normalized RSI values with adaptive z-score zones and trend following analysis, it evaluates both current market conditions and historical context, while the statistical parameters ensure stable yet responsive signals. This quantum approach allows users to identify trending conditions while remaining aware of statistical extremes, enhancing both trend-following and mean-reversion strategies.
📊 Technical Composition and Calculation
The Quantum RSI Signals Suite is composed of several technical components that create a dynamic trending system:
RSI Normalization: Utilizes scaled RSI values (-1 to 1) for balanced momentum representation
Z-Score Analysis: Computes statistical significance of RSI movements to determine dynamic zones
Trend Following Analysis: Analyzes historical z-score movements to identify persistent trends
Signal Amplification: Combines z-score with trend analysis for enhanced signal generation
📈 Key Indicators and Features
The Quantum RSI Signals Suite utilizes normalized RSI with customizable length and z-score parameters to adapt to different trading styles. Advanced calculations are applied to determine statistical significance levels, providing context-aware boundaries for trend identification. The trend following component evaluates historical z-score movements to validate signals and identify potential reversals.
The indicator incorporates multi-layered visualization with:
Color-coded histogram and trend representation (bullish/bearish)
Combined statistical and trend-based signals
Dynamic trend-weighted scoring system
Mean reversion signals with distinct markers (⤻/↷)
Gradient fills for better visual clarity
Programmable alerts for trend changes
⚡️ Practical Applications and Examples
✅ Add the Indicator: Add the indicator to your TradingView chart by clicking on the star icon to add it to your favorites ⭐️
👀 Monitor Signals: Watch the final score's position relative to the zero line to identify trend direction and potential reversals. The combined histogram and line visualization makes trend changes clearly visible.
🎯 Track Signals: Pay attention to the mean reversion markers that appear above and below the price chart:
→ Upward triangles (⤻) signal potential bullish reversals when final score crosses above zero
→ X crosses (↷) indicate potential bearish reversals when final score crosses below zero
🔔 Set Alerts: Configure alerts for trend changes in both bullish and bearish directions, ensuring you can act on significant technical developments promptly.
🌟 Summary and Tips
The Quantum RSI Signals Suite by QuantAlgo is a sophisticated technical tool, designed to support both trend following and mean reversion strategies across different market environments. By combining normalized RSI analysis with statistical z-score measurements and trend following analysis, it helps traders and investors identify significant trend changes while measuring statistical extremes, providing validated signals. The tool's adaptability through customizable RSI length, z-score parameters, and trend analysis settings makes it suitable for various trading timeframes and styles, allowing users to capture opportunities while maintaining awareness of statistical market conditions.
Key parameters to optimize for your trading or investing style:
RSI Length: Adjust for more or less sensitivity to price changes (default: 14)
Z-Score Length: Fine-tune the statistical window for signal stability (default: 20)
Trend Analysis Range: Balance historical context with current market conditions
Source Data: Customize price input for specialized strategies
Indicadores y estrategias
AURUM VOLUMEN MAX-MIN DIA ANTERIORThis indicator, written in Pine Script (version 5), is designed for use on TradingView. Here's a description of its functionality:
1. **Volume Analysis:**
- It calculates the average volume over the last 50 bars using a simple moving average (`ta.sma`).
- It compares the current volume to the average volume multiplied by a threshold factor (`inputVolThreshold`), which can be set by the user (default is 1.5).
2. **Volume Table:**
- A table is displayed at the bottom-right corner of the chart showing:
- The current volume.
- The calculated average volume over the past 50 bars.
- The table uses contrasting colors (white text on a black background) for better visibility.
3. **Daily High and Low Lines:**
- It identifies the **high** and **low** prices of the previous day using `request.security`.
- Horizontal yellow lines are drawn at these levels, extending to the right of the chart. These lines represent key price levels from the prior day, useful for analyzing potential support or resistance zones.
This indicator is simple yet effective, focusing on volume and essential price levels for intraday or short-term trading analysis.
Enhanced DEMAThe Enhanced DEMA (Double Exponential Moving Average) is a sophisticated trend-following indicator designed to identify and highlight market trends with precision.
The DEMA is calculated as:
DEMA=2×EMA(Source,Length)−EMA(EMA(Source,Length),Length)
This formula reduces lag while maintaining smoothness, enabling more responsive trend detection.
The DEMA is then further refined using a custom processing method that enhances both speed and robustness. This refinement improves the indicator’s responsiveness to market movements, ensuring timely identification of trends while minimizing the impact of noise and false signals.
Complementary Use:
The Enhanced DEMA works best when used alongside other indicators, such as the Michaelis-Menten-Based Trend Detector, to add confluence and improve decision-making. While the Enhanced DEMA excels at identifying trend direction and reducing lag, the Michaelis-Menten-Based Trend Detector can provide additional context, such as the intensity or sustainability of a trend.
By combining the two:
Traders can confirm signals from the Enhanced DEMA with the trend strength insights from the Michaelis-Menten-Based Trend Detector, reducing the likelihood of acting on false signals.
The pairing allows for more comprehensive market analysis, where the DEMA detects changes in trend direction and the Michaelis-Menten method gauges the trend’s reliability or potential for continuation.
This synergy enhances overall confidence in trading decisions, making it a powerful combination for both novice and experienced traders.
BTC Dominance over Selected AltsДоминация биткоина над выбранными монетами
BTC Dominance over Selected Alts
BTC Dominance over Selected AltsДоминация биткоина над выбранными монетами
BTC Dominance over Selected Alts
Stoch 3 SerangkaiDengan memahami jenis stoch anda akan jelas macam mana untuk mengetahui adakah trend benar-benar tukar arah atau sebenarnya sambung arah semasa, ini memastikan anda tidak terperangkap dengan trend semasa.
3 Candle stick 1 hour rule It indicates Context of the Market, it applicable in 1 hour time frame only.
Weekly-SeparatorThis TradingView indicator draws vertical lines at the weekly open, providing a visual reference for the start of the trading week. These lines help traders identify key price levels and track market movements relative to the opening price of each week.
tacLibrary "tac"
Customised techninal analysis functions
sar(start, inc, max)
returns parabolic sar with lagging value
Parameters:
start (float) : float: Start
inc (float) : float: Increment
max (float) : float: Maximum
Returns: Actual sar value and lagging sar value
Supply and Demand - Order Block StrategyCore Concepts:
Fractals: The strategy uses Bill Williams fractals to identify potential turning points in the market. A fractal high is formed when a high is higher than the n bars on either side, and a fractal low is formed when a low is lower than the n bars on either side. The parameter n is an input, and allows you to configure the lookback for the fractal identification.
Order Blocks (Supply and Demand Zones): The strategy defines order blocks (supply and demand zones) as the last red (bearish) candle before an upward break (demand zone) and the last green (bullish) candle before a downward break (supply zone).
Breakouts: The strategy triggers long entries when the price breaks above a demand zone and short entries when the price breaks below a supply zone.
Box Tracking: The strategy visually represents these order blocks using boxes.
Breakout Logic:
topBreakCheckSource and bottomBreakCheckSource are used to define the break-out check based on user input.
If the price crosses over the topValue (the high of the last fractal) and topBreakBlock is not set, then a long entry is generated after creating a demandBox, based on the last red candle's low and high.
If the price crosses under the bottomValue and bottomBreakBlock is not set, then a short entry is generated after creating a supplyBox, based on the last green candle's low and high.
If a long or short is active, and a breakout of the price happens, the script will draw a new line object to indicate the breakout, where x2 of the line is set to the current bar index
Fractal Detection:
If a new up fractal is detected, the topValue and topLine variables are updated, and the old line object is deleted
If a new down fractal is detected, the bottomValue and bottomLine variables are updated, and the old line object is deleted
Box Color Update:
The script loops through all the active boxes and changes their color if the current candle close price is outside the range of the box.
Plots: Plots the up and down fractals for visualization.
Checklist Table: A table displays the status of different conditions of the script on the bottom right.
Shows status of Up Fractal, Down Fractal, Top Break, Bottom Break, Last Red Candle, Last Green Candle, Box Color Change Active using check and cross mark symbols.
How the Strategy Works:
Fractal Identification: The strategy continuously looks for fractal highs and lows.
Order Block Identification: When a new fractal is formed, the script stores the high and low of the last opposing candle.
Breakout Confirmation: When price breaks the range of a fractal, it indicates an order block breakout.
Trade Execution: When there is a valid breakout, it triggers a long or short trade, depending on whether a demand or supply zone is broken.
Box Visualization: The script visually represents the order blocks using boxes that are colored green for demand zones and red for supply zones. These boxes can be optionally re-colored if the price breaks beyond them.
Checklist Display: A checklist table at the bottom right of the chart helps the user to quickly understand the script status.
Supply and Demand - Order Block StrategyCore Concepts:
Fractals: The strategy uses Bill Williams fractals to identify potential turning points in the market. A fractal high is formed when a high is higher than the n bars on either side, and a fractal low is formed when a low is lower than the n bars on either side. The parameter n is an input, and allows you to configure the lookback for the fractal identification.
Order Blocks (Supply and Demand Zones): The strategy defines order blocks (supply and demand zones) as the last red (bearish) candle before an upward break (demand zone) and the last green (bullish) candle before a downward break (supply zone).
Breakouts: The strategy triggers long entries when the price breaks above a demand zone and short entries when the price breaks below a supply zone.
Box Tracking: The strategy visually represents these order blocks using boxes.
Breakout Logic:
topBreakCheckSource and bottomBreakCheckSource are used to define the break-out check based on user input.
If the price crosses over the topValue (the high of the last fractal) and topBreakBlock is not set, then a long entry is generated after creating a demandBox, based on the last red candle's low and high.
If the price crosses under the bottomValue and bottomBreakBlock is not set, then a short entry is generated after creating a supplyBox, based on the last green candle's low and high.
If a long or short is active, and a breakout of the price happens, the script will draw a new line object to indicate the breakout, where x2 of the line is set to the current bar index
Fractal Detection:
If a new up fractal is detected, the topValue and topLine variables are updated, and the old line object is deleted
If a new down fractal is detected, the bottomValue and bottomLine variables are updated, and the old line object is deleted
Box Color Update:
The script loops through all the active boxes and changes their color if the current candle close price is outside the range of the box.
Plots: Plots the up and down fractals for visualization.
Checklist Table: A table displays the status of different conditions of the script on the bottom right.
Shows status of Up Fractal, Down Fractal, Top Break, Bottom Break, Last Red Candle, Last Green Candle, Box Color Change Active using check and cross mark symbols.
How the Strategy Works:
Fractal Identification: The strategy continuously looks for fractal highs and lows.
Order Block Identification: When a new fractal is formed, the script stores the high and low of the last opposing candle.
Breakout Confirmation: When price breaks the range of a fractal, it indicates an order block breakout.
Trade Execution: When there is a valid breakout, it triggers a long or short trade, depending on whether a demand or supply zone is broken.
Box Visualization: The script visually represents the order blocks using boxes that are colored green for demand zones and red for supply zones. These boxes can be optionally re-colored if the price breaks beyond them.
Checklist Display: A checklist table at the bottom right of the chart helps the user to quickly understand the script status.
Relative Strength Index 30 45 55 70 levelsi use this indicator to confirm my trades , u can change the settings and use it as u perefer , the diffrence between the main rsi and this is just added 45 and 55 levels , nothing else good luck
EMA Breakout Bot BY ALGERNON STONEKey Features:
Multiple Entries: The strategy allows for multiple entries in the same direction as long as the entry conditions are met on subsequent crosses.
Trend Following: The use of EMAs makes it a trend-following strategy, aiming to capture directional moves.
Visual Clarity: The plot of the EMAs and the fill between them give a clear visual of the trend direction.
Stop-Loss Visualization: The optional pivot point markers are useful for understanding where stop-losses might be placed and to visualize how it would work with pivot lows and highs.
Adjustable Parameters: The fast_ema, slow_ema, and Bars inputs allow the user to customize the strategy for different timeframes and market conditions.
How it Trades:
The strategy calculates the fast and slow EMAs.
It waits for the price to cross the fast EMA.
If the crossover happens in a bullish alignment (fast EMA above slow EMA), a long position is opened.
If the crossover happens in a bearish alignment (fast EMA below slow EMA), a short position is opened.
Positions are closed when the price crosses back against their respective EMA.
Things to Note:
No Stop-Loss or Take-Profit: The current code only has exit conditions based on the price crossing the opposite EMA, but no explicit stop-loss or take-profit is implemented. This strategy is vulnerable if a position is entered, and the price makes a sudden move against it.
Parameter Optimization: The effectiveness of the strategy will depend heavily on the selected EMA periods. Users will need to find optimal parameter settings for the market they are trading.
Overfitting: Be careful to not over-optimize parameters on historical data as it can lead to poor performance in live trading.
Market Conditions: This strategy will likely work better in trending markets than in choppy or ranging markets.
Risk Management: Consider implementing proper risk management, such as stop-losses and position sizing, before using this strategy in live trading.
bbmulti is not used: The input bbmulti is present but is unused, and can be removed or used for other future additions.
Sessions by JekkaaForex Sessions by Jekkaa
This custom TradingView indicator is designed to visually highlight the active Forex trading sessions on your chart. It allows you to select your preferred time zone and displays each major trading session (Tokyo, London, New York, and Frankfurt) with customizable colors and boxes for clear session identification.
Key Features:
Timezone Selection: Choose from multiple time zones, including UTC, New York, London, and Tokyo.
Forex Sessions: The indicator covers the following Forex trading sessions:
Tokyo Session: From 23:00 to 07:00 UTC
London Session: From 08:00 to 13:00 UTC
New York Session: From 13:00 to 21:00 UTC
Frankfurt Session: From 07:00 to 08:00 UTC
Customizable Colors: Adjust the color and transparency for each session, making it easier to distinguish between the active sessions on the chart.
Background Highlighting: The background color of the chart is highlighted during the active session to give you a visual cue of the current market session.
Session Boxes: A box is drawn around each session, extending rightward, to visually represent the active session. This helps to track session overlaps and better understand market dynamics.
Customization Options:
Color Customization: Change the color and transparency of the session highlights to suit your preference.
Time Zone Adjustment: Select your preferred time zone (UTC, New York, London, or Tokyo) for the indicator to adjust session timings accordingly.
This indicator is ideal for Forex traders looking to track the active trading sessions and make more informed decisions based on market hours and session overlaps.
Breakout and TSL Indicator with Stable Horizontal LineIndicator Name:
Breakout and TSL Indicator with Stable Horizontal Line
Description:
This indicator is designed to help traders identify breakout and breakdown levels, manage trailing stop losses (TSL), and capture actionable buy and sell signals. With its dynamic calculations and customizable settings, this tool is suited for intraday and positional traders seeking precision in their trading strategies.
Key Features:
Breakout and Breakdown Lines:
The Breakout Line (Red Line) is calculated using the previous candle's high and a customizable multiplier (smoothen_x), providing dynamic breakout levels.
The Breakdown Line (Cyan Line) is calculated using the previous candle's low and the same customizable multiplier, identifying potential breakdown zones.
Trailing Stop Loss (TSL) Lines:
Long TSL Line (Blue Line): Tracks the lowest low of the last sl_period candles for long positions.
Short TSL Line (Green Line): Tracks the highest high of the last sl_period candles for short positions.
Opening Breakout and Breakdown Levels:
Captures the first 5-minute candle's high and low values after market open (9:15 AM) and calculates dynamic levels based on the square root of these values.
These levels remain visible until the market close at 3:25 PM for actionable decision-making.
Signal Detection:
Buy Signal: Triggered when the price closes above the opening breakout level, with a visual "Buy" label plotted on the chart.
Sell Signal: Triggered when the price closes below the opening breakdown level, with a visual "Sell" label plotted on the chart.
Customizable Inputs:
Smoothen Multiplier (smoothen_x): Adjust the sensitivity of breakout and breakdown calculations.
SL Period (sl_period): Define the lookback period for TSL lines.
High/Low Line Colors: Customize the colors of the opening breakout and breakdown levels.
Buy/Sell Label Appearance: Ensure visual clarity with distinct labels for actionable signals.
Time-Specific Execution:
Levels and signals are plotted only during market hours (9:15 AM to 3:25 PM).
Signals reset daily at 3:15 PM to ensure clean, actionable data for the next session.
How to Use:
Customize Inputs:
Adjust the smoothen_x multiplier and sl_period based on your trading strategy.
Select your preferred colors for lines and labels.
Monitor Breakout and Breakdown Levels:
Use the Breakout Line and Breakdown Line to identify critical levels for market moves.
Watch the opening breakout and breakdown levels for additional signals early in the session.
Follow Buy and Sell Signals:
Look for "Buy" or "Sell" labels on the chart when price crosses the calculated levels.
Use the TSL lines to manage risk for long or short positions effectively.
Disclaimer:
This indicator is a technical analysis tool for educational purposes only. It does not guarantee profitability or provide financial advice. Always backtest strategies and consult with a financial advisor before making trading decisions.
Credits and Vendor Compliance:
This script adheres to TradingView’s House Rules and Vendor Requirements.
The logic and calculations in this script are fully original and based on mathematical formulas commonly used in technical analysis.
No restricted financial advice or misleading claims are made in the description or functionality.
This indicator does not include any paid promotions, third-party links, or subscription services.
High-Probability Trade Score with Deviation Channel (Weekly)Trying to simplify everything into a holy grail by using price action and a single number. The higher number the better.
Gelişmiş Likidite HaritasıFinansal piyasalarda, fiyat hareketlerinin ve likiditenin dinamiklerini anlamak, doğru işlem kararları almak için oldukça önemlidir. Bu makalede, likidite bölgelerini, hacim eşiklerini ve yüksek hacimli mumları belirleyerek piyasa hareketlerini daha iyi analiz etmenizi sağlayacak Gelişmiş Likidite Haritası İndikatörünü tanıtıyoruz.
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İndikatörün Özellikleri
1. Likidite Analizi:
Kısa, Orta ve Uzun Dönem Periyotlarına göre likidite değişimlerini hesaplar.
Fiyat hareketi eşiği (% olarak belirlenir) ve hacim eşikleri dikkate alınarak, piyasanın likidite seviyelerini belirler.
Belirlenen seviyeleri grafik üzerinde mavi (kısa dönem), sarı (orta dönem) ve kırmızı (uzun dönem) çizgilerle işaretler.
2. Hacim Analizi:
Hareketli ortalama (SMA) baz alınarak, yüksek hacimli mumları farklı renklerde gösterir:
Beyaz: En yüksek hacimli mum.
Sarı: Orta yüksek hacimli mum.
Mavi: Düşük yüksek hacimli mum.
Hacim değişimlerini görselleştirmek için bar renklerini otomatik olarak renklendirir.
3. Dinamik Görselleştirme:
Grafik üzerinde yüksek hacimli mumları üçgen ikonlarla işaretler.
Kullanıcı tanımlı parametrelerle özelleştirilebilir.
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Parametreler ve Kullanım
Likidite Eşiği (%): Belirli bir yüzde üzerinde fiyat değişimlerini tespit etmek için kullanılır.
Hacim Eşiği: Likidite hesaplamalarında dikkate alınacak minimum hacim değeri.
Hacim SMA Periyodu: Ortalama hacim hesaplaması için kullanılan periyot.
Yüksek Hacim Eşik Değerleri: Hacim analizinde kullanılan katmanlar.
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Kod Açıklaması
İndikatör, TradingView’in Pine Script 6.0 sürümünde yazılmıştır. İşlevsellik açısından hem fiyat hareketlerini hem de hacim seviyelerini analiz eder.
Fiyat Hareketi Hesaplaması:
Kısa, orta ve uzun vadeli fiyat hareketlerini hesaplar ve likidite eşiğini aşan fiyat değişimlerini işaretler.
Hacim Renklendirme:
Ortalama hacmin katlarına göre barlar otomatik olarak renklendirilir. Bu, yatırımcıların piyasa hareketlerini hızlı bir şekilde görselleştirmesini sağlar.
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Kodun Avantajları
1. Kapsamlı Analiz: Hem likidite hem de hacmi bir araya getirerek daha kapsamlı bir analiz sağlar.
2. Kolay Kullanım: Kullanıcı dostu parametreler ile her düzeyde yatırımcı için uygundur.
3. Görsel Zenginlik: Grafik üzerinde belirgin renklendirmeler ve işaretlemeler sunar.
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Sonuç
Bu indikatör, piyasadaki likidite tuzaklarını tespit etmek, hacim hareketlerini analiz etmek ve yatırım kararlarını desteklemek için güçlü bir araçtır. Hem kısa vadeli hem de uzun vadeli yatırımcılar için uygun olan bu araç, piyasa dinamiklerini anlamanızı kolaylaştırır.
High-Probability Trade Score with Deviation Channel (Weekly)Work in progress... I try to find the holy grail by boiling down everything that has to do with price action into a single number, a golden number of success.
Babil34 Trading SystemBabil34 Trading System, özel olarak hesaplanan kritik destek ve direnç seviyelerine dayalı bir trade sistemidir. Sistem, bu seviyelerle yatırımcıların piyasadaki en önemli noktaları belirlemelerine ve daha bilinçli kararlar almalarına yardımcı olur. Özel algoritması sayesinde bu seviyeler, piyasadaki trend değişimlerini ve olası dönüş noktalarını doğru bir şekilde tespit etmek için optimize edilmiştir.
Özellikler:
- Özel Hesaplanan Seviyeler: Fiyat hareketlerine dayalı olarak otomatik oluşturulan bu seviyeler, destek ve direnç noktalarını belirlemede yüksek doğruluk sunar. Bu sayede piyasa hareketlerinin yönünü anlamak kolaylaşır.
- Kullanıcı Dostu Tablolar: Özel seviyeleri ve piyasa durumunu kolayca görselleştirmenizi sağlar.
Ek olarak, EMA (Üstel Hareketli Ortalama) göstergesi sayesinde fiyat trendlerini takip etmek daha da kolay hale gelir. EMA, farklı zaman dilimlerine göre özelleştirilebilir ve işlem stratejilerinize uyacak şekilde optimize edilebilir.
Nasıl Kullanılır:
1. Seviye Tipini Belirleyin: Özel hesaplanan seviyelerin düşüş, yükseliş ya da otomatik hesaplama modlarını seçin.
2. EMA Zaman Dilimini Seçin: Fiyat trendlerini analiz etmek için uygun bir EMA zaman dilimi ve uzunluğu belirleyin.
Bu komut dosyası **yalnızca davet ile kullanılabilir** ve kapalı kod olarak sunulmaktadır.
VWAP + FVG DetectorVWAP + FVG Detector
A VWAP + FVG Detector tool would likely combine these two concepts to help traders identify potential areas of opportunity. For example:
It could help identify when the price is moving away from the VWAP and into a fair value gap, signaling a potential reversal or continuation based on the imbalance.
It may also help to pinpoint areas where price might revert back to the VWAP after a significant move, taking into account the gaps between price and VWAP levels.
This combination could be useful in intraday trading, where traders look for price imbalances and aim to trade them with respect to the VWAP as a key reference level.
Are you looking for a script to implement this, or more information on how these strategies work together?
Multiple Swing High/Low with SLExplanation:
Swing Highs and Lows:
The script detects swing highs and swing lows using ta.pivothigh() and ta.pivotlow() on a 3-minute basis.
Each swing high is drawn with a green line, and each swing low is drawn with a red line.
Stop-Loss (SL) Lines:
For each swing high, a stop-loss line is drawn 15 points below the swing high.
For each swing low, a stop-loss line is drawn 15 points above the swing low.
The SL line for swing highs is drawn in red, and the SL line for swing lows is drawn in blue.
Labels for Swing High/Low and SL:
Labels with text like "Swing High" or "Swing Low" are added at the swing points, and SL labels are added at the stop-loss levels.
These labels can be toggled on/off using the showSwingTags input.
Line Extension:
The line.set_x2() function ensures that the swing lines and SL lines are extended to the current bar as price moves.
Key Changes:
Removed Arrays: Instead of using arrays to store lines and labels, we now handle each line and label individually. This avoids the issue where complex types (line and label) were being stored in arrays, which Pine Script doesn't support directly.
Dynamic Creation: New lines and labels are dynamically created as new swings occur, and they stay on the chart until the script is removed or the chart is reloaded.
Multiple Swing High/Low with SLExplanation:
Swing Highs and Lows:
The script detects swing highs and swing lows using ta.pivothigh() and ta.pivotlow() on a 3-minute basis.
Each swing high is drawn with a green line, and each swing low is drawn with a red line.
Stop-Loss (SL) Lines:
For each swing high, a stop-loss line is drawn 15 points below the swing high.
For each swing low, a stop-loss line is drawn 15 points above the swing low.
The SL line for swing highs is drawn in red, and the SL line for swing lows is drawn in blue.
Labels for Swing High/Low and SL:
Labels with text like "Swing High" or "Swing Low" are added at the swing points, and SL labels are added at the stop-loss levels.
These labels can be toggled on/off using the showSwingTags input.
Line Extension:
The line.set_x2() function ensures that the swing lines and SL lines are extended to the current bar as price moves.
Key Changes:
Removed Arrays: Instead of using arrays to store lines and labels, we now handle each line and label individually. This avoids the issue where complex types (line and label) were being stored in arrays, which Pine Script doesn't support directly.
Dynamic Creation: New lines and labels are dynamically created as new swings occur, and they stay on the chart until the script is removed or the chart is reloaded.
FuTech : IPO Lock-in Ends FuTech: Lock-in Ends - First ever unique Indicator in TradingView platform
Introducing the first-ever indicator on the TradingView platform to track the lock-in period expiry dates for IPOs.
The FuTech Lock-in Ends Indicator is specifically designed to assist traders and investors in identifying the key dates when lock-in periods for IPO shares come to an end.
This provides an edge in preparing for potential market movements driven by buying or selling pressures associated with significant share volumes.
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Key Features of this FuTech : Lock-in Ends Indicator :
1. Tracks Multiple Lock-in Periods:
- Identifies dates when the 30 days, 90 days, 6 months, and 18 months lock-in periods for IPO shares expire.
- Helps traders anticipate potential market action driven by share releases on the specific dates.
2. IPO Lock-in Ends dates as per Compliance with SEBI Guidelines:
SEBI (Securities and Exchange Board of India) mandates lock-in periods for IPO shares based on investor categories:
A) Promoters:
a) Lock-in period reduced to 18 months for up to 20% of post-issue paid-up capital (previously 3 years).
b) For shareholding exceeding 20%, the lock-in period is further reduced to 6 months (previously 1 year).
B) Anchor Investors:
a) 50% of allotted shares: Lock-in period of 90 days from the date of allotment.
b) Remaining 50% of shares: Lock-in period of 30 days from the date of allotment.
C) Non-promoters:
a) Lock-in period reduced to 6 months (previously 1 year).
After these lock-in periods end, investors may buy / sell their shares, which can result in significant market activity.
3. Visual Indicators on Charts:
- The indicator draws vertical lines on the TradingView chart at the respective lock-in expiry dates.
- Alerts users in advance about potential market activity due to the release of locked shares.
- Traders can use these alerts to prepare for positions or adjust their existing holdings accordingly.
4. Customizable Settings:
- Users can modify the color of the labels and width of the lines to suit their preferences and enhance chart visibility.
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Important Notes:
a) IPO Shares Allotment Date Calculation:
- The allotment date, being a pre-listing event, is not available in TradingView's database.
- For accuracy, the indicator estimates the allotment date as three trading days prior to the listing date .
- This approximation may deviate by one to two days from the actual event for certain IPOs.
b) Proactive Alerts:
- Most dates are intentionally marked 1-2 days in advance to give traders sufficient time to act, whether for taking new positions or squaring off existing ones to avoid unfavorable losses.
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The FuTech Lock-in Ends Indicator is a must-have tool for IPO traders and investors looking to stay ahead of market movements.
Use it to track key Lock-in Period end dates after the listing of any shares and plan your trading strategy effectively with FuTech : Chart is Art.
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Jai Swaminarayan Dasna Das !
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