Breakout and Breakdown Indicator with RetestsThis indicator is designed to help traders identify high-probability breakout and breakdown points based on the first 5 minutes of market activity (9:30 am to 9:35 am). It works effectively on both the 1-minute and 5-minute timeframes, making it ideal for day traders and scalpers.
This indicator is a better indicator of my previous 5-Minute Opening Range Breakout indicator.
Key Features:
Dynamic Support and Resistance Lines: Automatically plots the highest and lowest price levels from 9:30 am to 9:35 am, providing essential support and resistance zones.
Breakout/Breakdown Detection: Identifies and marks successful breakout and breakdown points only after a confirmed retest, ensuring more accurate signals.
Visual Markers: Uses customizable green diamonds for successful breakouts and red diamonds for successful breakdowns, allowing easy identification on the chart.
Customization Options:
Change Colors: You can personalize the color of the breakout and breakdown markers, the label text, and the lines drawn from the 9:30 am to 9:35 am window.
Adapt to Your Chart: Adjust the indicator to match your preferred charting theme, ensuring it blends seamlessly with your trading setup.
How It Works:
Plots Key Levels: Identifies the highest and lowest prices during the first 5 minutes of trading (9:30 am to 9:35 am) and plots them on the chart.
Monitors Retests: Waits for a retest of these levels before confirming a breakout or breakdown.
Labels Breakouts/Breakdowns: After a retest, successful breakouts are marked with green diamonds and "Breakout" text, while breakdowns are marked with red diamonds and "Breakdown" text.
Why Use This Indicator?
Avoid False Signals: The retest requirement helps filter out false breakouts and breakdowns, offering more reliable trading signals.
Works Across Timeframes: Suitable for both 1-minute and 5-minute charts, allowing flexibility for different trading styles.
Some what Customizable: Adjust colors to fit your charting preferences and enhance visual clarity.
Recommended Use: Combine this indicator with other technical analysis tools, such as volume, candlestick patterns, or moving averages, for more informed trading decisions.
Indicadores y estrategias
Relative PPP for USDBRLThis indicator calculates the USDBRL exchange rate using the Relative Purchasing Power Parity method, which considers that the variation in the exchange rate is equal to the variation in inflation in Brazil minus the variation in inflation in the US. It is derived from the Law of One Price, which states that an identical good should have the same price in different markets when adjusted for exchange rates, assuming the absence of arbitrage barriers such as transaction costs or trade restrictions.
The indicator is calculated starting from June 1994, at the launch of the Real Plan, which equalized the value of the Brazilian Real and the US Dollar at that time. This indicator is useful for providing an idea of the long-term trend of the Dollar exchange rate (months or years), acting similarly to a moving average, around which the exchange rate gravitates.
It's useful for analysts who have to forecast the USDBRL in the long term.
US Recessions based on James Hamilton's JHDUSRGDPBRThis simple script uses James Hamilton's JHDUSRGDPBR indicator to colour areas representing recession periods in the US. Best used in conjunction with other macroeconomics indicators, like –as in the example– unemployment rates
US Recessions (NBER)This indicator is designed to replace the US Recessions indicator.
Unfortunately, the original indicator is now broken, and the author is not responding: www.tradingview.com .
There are other similar indicators, but they are not based on live data and either show non-officially recognized recessions or fail to display all officially recognized recessions.
This indicator shades US recession periods based on live monthly data from USREC . It highlights all officially recognized US recessions according to the NBER and will automatically shade any future recessions when they occur. The indicator works across all timeframes, correctly shading recessions whether you are viewing a 30-minute, 2-hour, daily, weekly, or any other chart timeframe.
Warning & Risks :
This indicator uses the barmerge.lookahead_on option to correctly handle monthly recession data from USREC . The purpose of this setting is to ensure that the monthly data points are applied retroactively to the corresponding bars on the chart. However, this means that while past recession periods are accurately shaded, the script is effectively displaying data from future candles and plotting it backward onto the chart.
This behavior does not introduce a “future leak” in the traditional sense—since USREC data is backward-looking and the current month always remains non-recessionary until officially confirmed. Nonetheless, it can cause confusion, as users may see recession periods shaded retroactively only after the data becomes available. Therefore, the current month will always appear non-recessionary until the next data point is released, and historical recession periods may be adjusted after the fact .
Sessions Full Markets [TradingFinder] Forex Stocks Index 7 Time🔵 Introduction
In global financial markets, particularly in FOREX and stocks, precise timing of trading sessions plays a crucial role in the success of traders. Each trading session—Asian, European, and American—has its own unique characteristics in terms of volatility and trading volume.
The Asian session (Tokyo), Sydney session, Shanghai session, European session (London and Frankfurt), and American session (New York AM and New York PM) are examples of these trading sessions, each of which opens and closes at specific times.
This session indicator also includes a Time Convertor, enabling users to view FOREX market hours based on GMT, UTC, EST, and local time. Another valuable feature of this indicator is the automatic detection of Daylight Saving Time (DST), which automatically applies time changes for the New York, London, and Sydney sessions.
🔵 How to Use
The indicator also displays session times based on the exact opening and closing times for each geographic region. Users can utilize this indicator to view trading hours either locally or in UTC time, and if needed, set their own custom trading times.
Additionally, the session information table includes the start and end times of each session and whether they are open or closed. This functionality helps traders make better trading decisions by using accurate and precise time data.
Key Features of the Session Indicator
The session indicator is a versatile and advanced tool that provides several unique features for traders.
Some of these features are :
• Automatic Daylight Saving Time (DST) Detection : This indicator dynamically detects Daylight Saving Time (DST) changes for various trading sessions, including New York, London, and Sydney, without requiring manual adjustments. This feature allows traders to manage their trades without worrying about time changes.
Below are the start and end dates for DST in the New York, London, and Sydney trading sessions :
1. New York :
Start of DST: Second Sunday of March, at 2:00 AM.
End of DST: First Sunday of November, at 2:00 AM
2. London :
Start of DST: Last Sunday of March, at 1:00 AM.
End of DST: Last Sunday of October, at 2:00 AM.
3. Sydney :
Start of DST: First Sunday of October, at 2:00 AM.
End of DST: First Sunday of April, at 3:00 AM.
• Session Display Based on Different Time Zones : The session indicator allows users to view trading times based on different time zones, such as UTC, the local time of each market, or the user’s local time. This feature is especially useful for traders operating in diverse geographic regions.
• Custom Trading Time Setup : Another notable feature of this indicator is the ability to set custom trading times. Traders can adjust their own trading times according to their personal strategies and benefit from this flexibility.
• Session Information Table : The session indicator provides a complete information table that includes the exact start and end times of each trading session and whether they are open or closed. This table helps users simultaneously and accurately monitor the status of all trading sessions and make better trading decisions.
🟣 Session Trading Hours Based on Market Mode and Time Zones
The session indicator provides precise information on the start and end times of trading sessions.
These times are adjusted based on different market modes (FOREX, stocks, and TFlab suggestions) and time zones (UTC and local time) :
🟣 (FOREX Session Time) Forex Market Mode
• Sessions in UTC (DST inactive) :
Sydney: 22:00 - 06:00
Tokyo: 23:00 - 07:00
Shanghai: 01:00 - 09:00
Asia: 22:00 - 07:00
Europe: 07:00 - 16:00
London: 08:00 - 16:00
New York: 13:00 - 21:00
• Sessions in UTC (DST active) :
Sydney: 21:00 - 05:00
Tokyo: 23:00 - 07:00
Shanghai: 01:00 - 09:00
Asia: 21:00 - 07:00
Europe: 06:00 - 15:00
London: 07:00 - 15:00
New York: 12:00 - 20:00
• Sessions in Local Time :
Sydney: 08:00 - 16:00
Tokyo: 08:00 - 16:00
Shanghai: 09:00 - 17:00
Asia: 22:00 - 07:00
Europe: 07:00 - 16:00
London: 08:00 - 16:00
New York: 08:00 - 16:00
🟣 Stock Market Trading Hours (Stock Market Mode)
• Sessions in UTC (DST inactive) :
Sydney: 00:00 - 06:00
Asia: 00:00 - 06:00
Europe: 07:00 - 16:30
London: 08:00 - 16:30
New York: 14:30 - 21:00
Tokyo: 00:00 - 06:00
Shanghai: 01:30 - 07:00
• Sessions in UTC (DST active) :
Sydney: 23:00 - 05:00
Asia: 23:00 - 06:00
Europe: 06:00 - 15:30
London: 07:00 - 15:30
New York: 13:30 - 20:00
Tokyo: 00:00 - 06:00
Shanghai: 01:30 - 07:00
• Sessions in Local Time:
Sydney: 10:00 - 16:00
Tokyo: 09:00 - 15:00
Shanghai: 09:30 - 15:00
Asia: 00:00 - 06:00
Europe: 07:00 - 16:30
London: 08:00 - 16:30
New York: 09:30 - 16:00
🟣 TFlab Suggestion Mode
• Sessions in UTC (DST inactive) :
Sydney: 23:00 - 05:00
Tokyo: 00:00 - 06:00
Shanghai: 01:00 - 09:00
Asia: 23:00 - 06:00
Europe: 07:00 - 16:00
London: 08:00 - 16:00
New York: 13:00 - 21:00
• Sessions in UTC (DST active) :
Sydney: 22:00 - 04:00
Tokyo: 00:00 - 06:00
Shanghai: 01:00 - 09:00
Asia: 22:00 - 06:00
Europe: 06:00 - 15:00
London: 07:00 - 15:00
New York: 12:00 - 20:00
• Sessions in Local Time :
Sydney: 09:00 - 16:00
Tokyo: 09:00 - 15:00
Shanghai: 09:00 - 17:00
Asia: 23:00 - 06:00
Europe: 07:00 - 16:00
London: 08:00 - 16:00
New York: 08:00 - 16:00
🔵 Setting
Using the session indicator is straightforward and practical. Users can add this indicator to their trading chart and take advantage of its features.
The usage steps are as follows :
Selecting Market Mode : The user can choose one of the three main modes.
Forex Market Mode: Displays the forex market trading hours.
oStock Market Mode: Displays the trading hours of stock exchanges.
Custom Mode: Allows the user to set trading hours based on their needs.
TFlab Suggestion Mode: Displays the higher volume hours of the forex market in Asia.
Setting the Time Zone : The indicator allows displaying sessions based on various time zones. The user can select one of the following options:
UTC (Coordinated Universal Time)
Local Time of the Session
User’s Local Time
Displaying Comprehensive Session Information : The session information table includes the opening and closing times of each session and whether they are open or closed. This table helps users monitor all sessions at a glance and precisely set the best time for entering and exiting trades.
🔵Conclusion
The session indicator is a highly efficient and essential tool for active traders in the FOREX and stock markets. With its unique features, such as automatic DST detection and the ability to display sessions based on different time zones, the session indicator helps traders to precisely and efficiently adjust their trading activities.
This indicator not only shows users the exact opening and closing times of sessions, but by providing a session status table, it helps traders identify the best times to enter and exit trades. Moreover, the ability to set custom trading times allows traders to easily personalize their trading schedules according to their strategies.
In conclusion, using the session indicator ensures that traders are continuously and accurately informed of time changes and the opening and closing hours of markets, eliminating the need for manual updates to align with DST changes. These features enable traders to optimize their trading strategies with greater confidence and up-to-date information, allowing them to capitalize on opportunities in the market.
2x ATR Horizontal Rays2x ATR Horizontal Rays Indicator
This script plots horizontal rays based on the 2x ATR (Average True Range) of the previous candle. It helps traders visualize key support and resistance levels by extending lines from the last candle's price, calculated with a 2x ATR multiplier. The indicator draws two lines:
Upper ATR Line: Positioned above the previous candle’s close by 2x the ATR value.
Lower ATR Line: Positioned below the previous candle’s close by 2x the ATR value.
Key Features:
Customizable ATR Length: Allows users to input their preferred ATR period to suit different market conditions.
Dynamic Horizontal Lines: The lines update with each new candle, giving traders a clear visual of volatility levels.
Extended Right Lines: The horizontal rays extend to the right, serving as potential zones for price reversals or breakouts.
This indicator is useful for traders looking to gauge market volatility and set target levels or stops based on historical price movements.
How to Use:
Add the indicator to your chart and adjust the ATR length in the settings.
Watch how the price interacts with the upper and lower ATR lines as potential zones for support, resistance, or trend continuation.
Happy trading!
Every $5 (3 Up, 3 Down) GOLD onlyDescription :
This indicator plots customizable horizontal lines spaced every $5 on the XAUUSD chart, with exactly 3 lines above and 3 lines below the nearest $5 level from the current price.
Key Features :
Line Spacing: The lines are plotted at $5 intervals starting from the nearest whole $5 price below the current price (e.g., $1900, $1905, etc.).
Customizable Line Color : Users can select the color of the lines via the indicator settings, making it adaptable to different chart themes and styles.
Customizable Line Style : The indicator allows you to choose from the following line styles:
Solid : Continuous line.
Dashed: Dashed line for a more discrete visual.
Dotted: Dotted line for minimalistic visibility.
Visibility Control : The indicator limits the number of lines to 3 above and 3 below the current price, keeping the chart clean and uncluttered while providing key levels of interest.
Use Cases :
Support and Resistance Identification: Easily spot key psychological levels in $5 increments, useful for identifying potential support or resistance zones in XAUUSD trading.
Price Action Monitoring : Traders can visually track how XAUUSD interacts with specific price levels spaced by $5 increments.
Customization Options :
Color Selection: Modify the line color to match your chart theme or highlight important levels.
Line Style: Select between solid, dashed, or dotted lines to customize the look of your chart.
This indicator is ideal for XAUUSD traders looking for clear, customizable visual levels on their charts to aid in decision-making, whether you're tracking price action or setting targets for entry and exit.
Point and Figure Displacement IndicatorThe PnF Displacement indicator is my custom script for TradingView, designed to analyze Point and Figure (PnF) charts with displacement features.
Key components of the script include:
User Inputs:
Require FVG: A boolean input to determine if a Fair Value Gap (FVG) is required for displacement calculations.
Displacement Type: Allows users to choose between "Open to Close" and "High to Low" for column range calculations.
Displacement Length: Defines how far back to look for calculating the standard deviation of the column range.
Displacement Strength: Multiplier for the standard deviation to adjust sensitivity.
Box Size: Sets the size of each box in the PnF chart.
Number of Boxes for Minimum Displacement: Specifies how many boxes to consider for calculating the minimum displacement.
Displacement Logic:
The script calculates the column range based on the selected displacement type.
It computes a standard deviation of the candle range and determines a minimum displacement based on user-defined box size and count.
The displacement condition combines the FVG check and the column range against the calculated minimum.
Visual Representation:
The bars are colored based on displacement conditions, enhancing visual analysis on the chart.
This indicator aids traders in identifying significant price movements in PnF charts while incorporating user customization options for better analysis.
Real-Time Market Cap for APU TokenIndicator Description: Real-Time Market Cap for APU Token
This custom TradingView indicator is designed to display the market capitalization of the APU token in real-time, allowing traders and investors to make informed decisions based on the current market conditions.
The APU token, known for its community-driven approach, is a meme coin built on the Ethereum blockchain, with a total supply of 420.69 billion tokens, as well as a circulating supply of approximately 314.24 billion tokens(CoinEx).
Key Features:
Real-Time Updates: The indicator fetches live price data and calculates the market cap using the formula:
Market Cap = Current Price × Circulating Supply
User-Friendly Visualization: The market cap is displayed clearly on the chart, helping users to quickly assess the token's market position.
Customization Options: Users can adjust parameters such as display format and position on the chart for personalized views.
Benefits:
Timely Information: Access to real-time market cap helps traders capitalize on price movements quickly.
Strategic Analysis: Understanding the market cap provides insights into the token’s valuation and market sentiment, aiding in strategic planning and trading decisions.
This indicator is particularly useful for those interested in the APU token, enabling them to track its market capitalization dynamically as the market fluctuates.
For further details on the APU token, including its specifications and market data, you can refer to sources like CoinMarketCap and CoinGecko.
Donchian Channels Osciliator with MA validationWhat's it all about?
This nifty little tool, the Donchian Channels Oscillator, helps you spot when a stock might be overbought or oversold. It's like a price detective, looking for clues in the historical data to figure out if it's time to buy or sell.
How does it work?
Think of it as a seesaw. When the price is way above the Donchian Channels, it's like the seesaw is tilted too far to one side. That might mean it's time to sell before it falls. On the other hand, if the price is way below the channels, it's like the seesaw is tilted too far to the other side. This could be a good sign to buy, as the price might be ready to bounce back.
Key Points:
Donchian Channels: These are like safety nets. They're calculated based on the highest and lowest prices over a certain period.
Oscillator: This is just a fancy word for a tool that swings back and forth. In this case, it swings between overbought and oversold zones.
EMA-Line: This is a smoothed-out version of the oscillator. It helps you see the overall trend more clearly.
How to Use It:
Add it to your chart: Find it in the indicator search bar.
Adjust settings: You can tweak the length of the Donchian Channels and the offset to fit your trading style.
Watch the swings: When the oscillator goes way up, it might be time to sell. When it goes way down, it might be time to buy. But always use this with other indicators for confirmation.
Remember: This is just a tool, not a magic crystal ball. Don't rely solely on it for trading decisions. Always do your own research and consider other factors.
Happy trading!
Expanding Volume Range with Anchored VWAPExpanding Volume Range with Anchored VWAP Indicator Summary
This Pine Script indicator is designed for intraday trading, particularly for timeframes of 60 minutes or less. It combines several technical analysis concepts to provide traders with a comprehensive view of price action, volume, and potential support/resistance levels.
## Key Features
1. **Anchored VWAP (Volume Weighted Average Price)**
- Calculates and displays an Anchored VWAP line
- Resets at the start of each new day or when a new highest volume bar is detected
2. **Expanding Volume Range (EVR)**
- Identifies and highlights high volume bars
- Creates a box around the price range of the last three high volume bars
- Generates additional support/resistance lines based on this range
3. **Custom Multiplier Calculations**
- Allows users to customize the calculation of support/resistance levels
- Includes options for separate top and bottom multipliers
- Provides an exponential adjustment for fine-tuning
4. **Volume-Based Candle Coloring**
- Colors candles differently based on their volume relative to recent history
- Highlights the first candle of each session in a distinct color
5. **VWAP-Based Line and Fill Colors**
- Changes colors of lines and fills based on price position relative to VWAP
6. **Alert Generation**
- Creates alerts when price breaks above or below the EVR high and low levels
## User Inputs
The indicator offers several customizable inputs grouped into categories:
1. **Volume Colors**
- Customize colors for various elements (lines, fills, candles) based on volume and VWAP relationship
2. **Target Levels**
- Set multipliers for calculating target levels
3. **Multiplier Calculations**
- Enable/disable custom multiplier calculations
- Set base multipliers and exponents for top and bottom levels
## Functionality Breakdown
1. The indicator tracks the highest volume bars for the current and previous day.
2. It creates an Expanding Volume Range (EVR) based on the last three high volume bars.
3. Using the EVR, it calculates and draws support and resistance levels.
4. The levels can be calculated using either simple multipliers or a more complex exponential formula, depending on user preference.
5. Candles are colored based on their volume and whether they're the first candle of a session.
6. An Anchored VWAP is calculated and displayed, resetting at the start of each day or on new highest volume bars.
7. Alerts are generated when price moves beyond the EVR high or low levels.
## Use Cases
This indicator can be particularly useful for:
- Identifying potential support and resistance levels based on high volume price action
- Spotting changes in volume patterns throughout the trading session
- Recognizing price action relative to the Anchored VWAP
- Setting up potential entry and exit points based on the expanding volume range
Traders should use this indicator in conjunction with other forms of analysis and risk management strategies for best results.
Adaptive EMA with ATR and Standard Deviation [QuantAlgo]Adaptive EMA with ATR and Standard Deviation by QuantAlgo 📈✨
Introducing the Adaptive EMA with ATR and Standard Deviation , a comprehensive trend-following indicator designed to combine the smoothness of an Exponential Moving Average (EMA) with the volatility adjustments of Average True Range (ATR) and Standard Deviation. This synergy allows traders and investors to better identify market trends while accounting for volatility, delivering clearer signals in both trending and volatile market conditions. This indicator is suitable for traders and investors seeking to balance trend detection and volatility management, offering a robust and adaptable approach across various asset classes and timeframes.
💫 Core Concept and Innovation
The Adaptive EMA with ATR and Standard Deviation brings together the trend-smoothing properties of the EMA and the volatility sensitivity of ATR and Standard Deviation. By using the EMA to track price movements over time, the indicator smooths out minor fluctuations while still providing valuable insights into overall market direction. However, market volatility can sometimes distort simple moving averages, so the ATR and Standard Deviation components dynamically adjust the trend signals, offering more nuanced insights into trend strength and reversals. This combination equips traders with a powerful tool to navigate unpredictable markets while minimizing false signals.
📊 Technical Breakdown and Calculations
The Adaptive EMA with ATR and Standard Deviation relies on three key technical components:
1. Exponential Moving Average (EMA): The EMA forms the base of the trend detection. Unlike a Simple Moving Average (SMA), the EMA gives more weight to recent price changes, allowing it to react more quickly to new data. Users can adjust the length of the EMA to make it more or less responsive to price movements.
2. Standard Deviation Bands: These bands are calculated from the standard deviation of the EMA and represent dynamic volatility thresholds. The upper and lower bands expand or contract based on recent price volatility, providing more accurate signals in both calm and volatile markets.
3. ATR-Based Volatility Filter: The Average True Range (ATR) is used to measure market volatility over a user-defined period. It helps refine the trend signals by filtering out false positives caused by minor price swings. The ATR filter ensures that the indicator only signals significant market movements.
⚙️ Step-by-Step Calculation:
1. EMA Calculation: First, the indicator calculates the EMA over a specified period based on the chosen price source (e.g., close, high, low).
2. Standard Deviation Bands: Then, it computes the standard deviation of the EMA and applies a multiplier to create upper and lower bands around the EMA. These bands adjust dynamically with the level of market volatility.
3. ATR Filtering: In addition to the standard deviation bands, the ATR is applied as a secondary filter to help refine the trend signals. This step helps eliminate signals generated by short-term price spikes or corrections, ensuring that the signals are more reliable.
4. Trend Detection: When the price crosses above the upper band, a bullish trend is identified, while a move below the lower band signals a bearish trend. The system accounts for both the standard deviation and ATR bands to generate these signals.
✅ Customizable Inputs and Features
The Adaptive EMA with ATR and Standard Deviation provides a range of customizable options to fit various trading/investing styles:
📈 Trend Settings:
1. Price Source: Choose the price type (e.g., close, high, low) to base the EMA calculation on, influencing how the trend is tracked.
2. EMA Length: Adjust the length to control how quickly the EMA reacts to price changes. A shorter length provides a more responsive EMA, while a longer period smooths out short-term fluctuations.
🌊 Volatility Controls:
1. Standard Deviation Multiplier: This parameter controls the sensitivity of the trend detection by adjusting the distance between the upper and lower bands from the EMA.
2. TR Length and Multiplier: Fine-tune the ATR settings to control how volatility is filtered, adjusting the indicator’s responsiveness during high or low volatility phases.
🎨 Visualization and Alerts:
1. Bar Coloring: Select different colors for uptrends and downtrends, providing a clear visual cue when trends change.
2. Alerts: Set up alerts to notify you when the price crosses the upper or lower bands, signaling a potential long or short trend shift. Alerts can help you stay informed without constant chart monitoring.
📈 Practical Applications
The Adaptive EMA with ATR and Standard Deviation is ideal for traders and investors looking to balance trend-following strategies with volatility management. Key uses include:
Detecting Trend Reversals: The dynamic bands help identify when the market shifts direction, providing clear signals when a trend reversal is likely.
Filtering Market Noise: By applying both Standard Deviation and ATR filtering, the indicator helps reduce false signals during periods of heightened volatility.
Volatility-Based Risk Management: The adaptability of the bands ensures that traders can manage risk more effectively by responding to shifts in volatility while keeping focus on long-term trends.
⭐️ Comprehensive Summary
The Adaptive EMA with ATR and Standard Deviation is a highly customizable indicator that provides traders with clearer signals for trend detection and volatility management. By dynamically adjusting its calculations based on market conditions, it offers a powerful tool for navigating both trending and volatile markets. Whether you're looking to detect early trend reversals or avoid false signals during periods of high volatility, this indicator gives you the flexibility and accuracy to improve your trading and investing strategies.
Note: The Adaptive EMA with ATR and Standard Deviation is designed to enhance your market analysis but should not be relied upon as the sole basis for trading or investing decisions. Always combine it with other analytical tools and practices. No statements or signals from this indicator constitute financial advice. Past performance is not indicative of future results.
KAMA Cloud STIndicator:
Description:
The KAMA Cloud indicator is a sophisticated trading tool designed to provide traders with insights into market trends and their intensity. This indicator is built on the Kaufman Adaptive Moving Average (KAMA), which dynamically adjusts its sensitivity to filter out market noise and respond to significant price movements. The KAMA Cloud leverages multiple KAMAs to gauge trend direction and strength, offering a visual representation that is easy to interpret.
How It Works:
The KAMA Cloud uses twenty different KAMA calculations, each set to a distinct lookback period ranging from 5 to 100. These KAMAs are calculated using the average of the open, high, low, and close prices (OHLC4), ensuring a balanced view of price action. The relative positioning of these KAMAs helps determine the direction of the market trend and its momentum.
By measuring the cumulative relative distance between these KAMAs, the indicator effectively assesses the overall trend strength, akin to how the Average True Range (ATR) measures market volatility. This cumulative measure helps in identifying the trend’s robustness and potential sustainability.
The visualization component of the KAMA Cloud is particularly insightful. It plots a 'cloud' formed between the base KAMA (set at a 100-period lookback) and an adjusted KAMA that incorporates the cumulative relative distance scaled up. This cloud changes color based on the trend direction — green for upward trends and red for downward trends, providing a clear, visual representation of market conditions.
How the Strategy Works:
The KAMA Cloud ST strategy employs multiple KAMA calculations with varying lengths to capture the nuances of market trends. It measures the relative distances between these KAMAs to determine the trend's direction and strength, much like the original indicator. The strategy enhances decision-making by plotting a 'cloud' formed between the base KAMA (set to a 100-period lookback) and an adjusted KAMA that scales according to the cumulative relative distance of all KAMAs.
Key Components of the Strategy:
Multiple KAMA Layers: The strategy calculates KAMAs for periods ranging from 5 to 100 to analyze short to long-term market trends.
Dynamic Cloud: The cloud visually represents the trend’s strength and direction, updating in real-time as the market evolves.
Signal Generation: Trade signals are generated based on the orientation of the cloud relative to a smoothed version of the upper KAMA boundary. Long positions are initiated when the market trend is upward, and the current cloud value is above its smoothed average. Conversely, positions are closed when the trend reverses, indicated by the cloud falling below the smoothed average.
Suggested Usage:
Market: Stocks, not cryptocurrency
Timeframe: 1 Hour
Indicator:
ATR, Chop, Profit Target and Stop Loss TableThe ATR Table indicator is a versatile tool that helps traders visually and quantitatively manage risk, identify market conditions, and set profit targets and stop-loss levels. It is designed to enhance decision-making by incorporating key volatility and chop (market consolidation) signals into a comprehensive table format.
Key Features:
Average True Range (ATR) Calculation : The indicator computes the ATR over a user-defined period (default 14). ATR helps to measure market volatility, providing insights into how much an asset's price typically moves within a given period.
Stop Loss and Profit Target Calculation : You can configure stop-loss and profit target levels using multipliers based on the ATR. This allows dynamic risk management that adjusts to market volatility:
Stop Loss : Defined as a multiple of the ATR to help control losses.
Profit Target : Also based on a multiple of the ATR to lock in gains. The user can specify whether they are trading long or short, and the indicator adjusts the levels accordingly.
Customizable Plot Lines : The indicator can display the Stop Loss and Profit Target levels directly on the chart. Users can toggle these lines on or off and customize their colors.
Chop Signa l: The indicator highlights potential consolidation periods (chop) using a wick-based analysis. It calculates the highest upper or lower wick values and compares them to the ATR to detect periods of indecision or consolidation.
Table Display : When these wick values exceed the ATR by a user-defined multiplier, the corresponding table rows are highlighted.
Background Alerts : Optionally, users can activate background color changes on the chart to visually alert them when chop conditions are detected.
Customizable Table Layout : A table displaying the key values (ATR, Stop Loss, Profit Target, Upper/Lower Wickiness) is placed on the chart. You can choose the table's position, adjust its color scheme, and decide which rows to display.
Chop Background Customization : For users who prefer more visual cues, the indicator allows you to enable or disable background shading when chop conditions are met. You can also choose the color of this background for better customization.
PnF Fibonacci Levels with AlertsMy Pine Script indicator, "PnF Fibonacci Levels with Alerts," overlays on a trading chart to generate alerts based on Fibonacci levels in Point and Figure (PnF) charts.
Key Features:
Inputs and Initialization:
It uses a customizable Fibonacci level (set at 0.236) and initializes variables for tracking the high and low of O and X columns.
O Column Logic:
When the current column is identified as an O column (when the close is less than the open), it calculates the Fibonacci level based on the high and low of that column, drawing a line on the chart.
Buy Alert:
If the closing price of the previous bar is above the Fibonacci level of the O column, a buy alert is triggered.
X Column Logic:
If the current column is an X column and the close is above the previous O column's low, it captures the current high and low, calculates the Fibonacci level, and draws it on the chart.
Sell Alert:
A sell alert is triggered if the closing price of the X column is at or below the specified Fibonacci level.
This indicator aids traders by highlighting critical Fibonacci levels and providing timely alerts for potential buy and sell opportunities.
PnF Bullish & Bearish Trend Line Indicator with Proximity AlertThis Pine Script indicator, "PnF Bullish and Bearish Trend line Proximity Alert," overlays on a trading chart to monitor and alert users about interactions with bullish and bearish trend lines derived from Point and Figure (PnF) charting.
Key Features:
Inputs: Users can set parameters such as box size, bullish and bearish angles (in degrees), and a proximity threshold for detecting touches.
Slope Calculation: The script calculates the slopes for bullish and bearish trendlines using the tangent of the specified angles.
Trendline Management:
It initializes and updates trend lines based on price interactions, adjusting their starting points and positions as conditions change.
Proximity Detection: The indicator checks if the current price is close enough to the trend lines and sets conditions for alerts.
Alerts: Users receive alerts when both trend lines are touched, enhancing decision-making for trading strategies.
Visual Feedback: It highlights areas where both trend lines are touched and plots the trend lines in distinct colors for clarity.
This indicator provides an effective way to track key price levels and potential trend reversals in the market.
D_Rock's MA IndicatorD_Rock's Moving Average Indicator
This is an indicator version of my strategy linked here
**Overview:**
The basic concept of this indicator is to generate a signal when a faster/shorter length moving average crosses over (for Longs) or crosses under (for Shorts) a medium/longer length moving average. All of which are customizable. This indicator can work on any timeframe, however the daily is the timeframe used for the default settings and screenshots, as it was designed to be a multi-day swing strategy. Once a signal has been confirmed with a candle close, based on user options, the strategy is to enter the trade on the open of the next candle.
The crossover strategy is nothing new to trading, but what can make this strategy unique and helpful, is the addition of further confirmation points before a signal is generated along with the ability to show multiple moving averages on the chart if you choose. Each moving average pair can also be turned into a "cloud" instead of the traditional lines, for additional viewing preferences. Just about everything visual can be toggled on/off as well.
This indicator is a Trend (MA) indicator with optional confirmation points using a Momentum (MACD) indicator. While a Volume-based indicator is not shown here, one could consider using their favorite from that category to further compliment the signal idea.
If you would like to see the backtesting results for your favorite moving average crossover/under, please see my strategy version linked here .
Shoutout given to Ripster's Clouds Indicator as pieces of that code were taken and modified to create both the Cloud visualization effects, and the Moving Average Pair Plots that are implemented in this strategy.
MOVING AVERAGE OPTIONS
Select between and change the length & type of up to 5 pairs (10 total) of moving averages
The "Show Cloud-x" option will display a fill color between the "a" and "b" pairs
All moving averages lines can be toggled on/off in the "Style" tab, as well as adjusting their colors.
Visualization features do not affect calculations, meaning you could have all or nothing on the chart and the strategy will still produce results
SIGNAL CHOICES
Choose the fast/shorter length MA and the medium/longer length MA to determine the entry signal
CONFIRMATION OPTIONS
Both of these have customizable values and can be toggled on/off
A candle close over a slower/much longer length moving average
An additional cross-over (cross-under for Shorts) on the MACD indicator using default MACD values. While the MACD indicator is not necessary to have on the chart, it can help to add that for visualization. The calculations will perform whether the indicator is on the chart or not.
ADDITIONAL PLOTS
MACD (Moving Average Convergence/Divergence):
- The MACD is an optional confirmation indicator for this strategy.
- Plotting the indicator is not necessary for the strategy to work, but it can be helpful to visually see the status and position of the MACD if this feature is enabled in the strategy
- This helps to identify if there is also momentum behind the entry signal
[TTM] ICT Key Levels🌟 Overview 🌟
This tool highlights key price levels, such as highs, lows, and session opens, that can influence market moves. Based on ICT concepts, these levels help traders spot potential areas for market reversals or trend continuations.
🌟 Key Levels 🌟
🔹 Week Open (00:00 EST)
Marks the start of the trading week. This level helps track price direction and is useful for framing the Weekly candle formation using ICT’s Power of 3.
🔹 Midnight Open (00:00 EST)
The Midnight Open (MNOP) marks the start of the new trading day. Price often retraces to this level for liquidity grabs, setting up larger moves in the daily trend. It's also key for framing the Daily Power of 3 and spotting possible market manipulation.
🔹 New York Stock Exchange Open (09:30 EST)
The NYSE Open is a major liquidity event, where price seeks liquidity from earlier in the day, like stop hunts or retracements to the London or Midnight Open. This time often brings reversals or trend continuations as volatility increases.
🔹 Previous Day High/Low
These levels show where liquidity rests, often serving as targets for price revisits, ideal for reversals or continuation trades.
🔹 Previous Week High/Low
Similar to daily levels but on a larger scale. They help identify swing trades and track broader market trends.
🔹 Previous Month High/Low
These monthly levels are important for long-term traders, as price often aims to clear them before setting new trends or market cycles.
Happy Trading!
TheTickMagnet
Bullish On Neck Candlestick patternExplanation:
1. Bullish Large Candle: The first candle is defined as bullish, where the closing price is much higher than the opening price. It also needs to have a large body (at least 60% of the total candle height).
2. Small Bearish Candle: The second candle is bearish and closes near the high of the previous bullish candle, with a relatively small body.
3. Bullish On Neck Detection: The script looks for this pattern where the bullish large candle is followed by a smaller bearish candle that closes near the first candle's high, indicating potential for a bullish breakout.
4. Plot: When the pattern is detected, the script places a green triangle above the bar to signal the bullish on neck pattern.
Adaptive Smooth EMA [MacroGlide]Adaptive Smooth EMA is a powerful indicator designed to track and smooth market prices using Adaptive Exponential Moving Averages (EMAs) with dynamic phase adjustment. This tool helps traders analyze price trends and identify shifts in market momentum, making it easier to recognize potential reversals and trend continuations.
Key Features:
• Adaptive EMA Calculation: The indicator calculates multiple EMAs with adaptive smoothing based on volatility, allowing traders to capture the market's movement more accurately. These smoothed values adjust dynamically with the market, making trend detection more precise.
• Dynamic Phase Adjustment: The phase of the EMA is adjusted in real-time according to the market's volatility, ensuring that the smoothing remains responsive to changes in market conditions, reducing lag and enhancing signal clarity.
• Customizable Color Gradients: The indicator uses color gradients to visually distinguish between uptrends and downtrends, making it easier to spot shifts in market direction. Users can customize the color scheme for better visual representation and interpretation.
How to Use:
• Add the indicator to your chart and adjust the EMA length and phase adjustment settings according to your trading strategy.
• Monitor the color shifts to quickly identify potential changes in trend direction. The transition between the uptrend and downtrend colors can signal momentum shifts.
• Utilize the different EMA lengths to analyze short-term and long-term trends. The smaller EMAs will react quicker to price changes, while the longer ones provide a smoother view of the overall trend.
Methodology:
The Adaptive Smooth EMA indicator computes multiple EMAs with lengths ranging from 3 to 90 periods, dynamically adjusting the phase based on market volatility. This adaptive approach allows the indicator to respond effectively to both calm and volatile market conditions, providing a more accurate reflection of current trends. By smoothing the price data while maintaining responsiveness to market changes, the indicator helps traders avoid false signals and make more informed decisions.
Originality and Usefulness:
Adaptive Smooth EMA stands out due to its ability to dynamically adjust to market conditions, offering an adaptive smoothing approach that reduces noise while capturing essential price movements. This makes it particularly useful for identifying trends, reversals, and optimizing entry and exit points in a trading strategy.
Charts:
The indicator plots a series of smoothed EMA lines, each with a unique color gradient reflecting market sentiment. These lines help visualize price trends across different timeframes, providing a comprehensive view of the market's directional strength and momentum. The gradient color transitions further enhance the clarity of trend shifts, offering an easy-to-interpret chart for traders.
Enjoy the game!
KAMA CloudDescription:
The KAMA Cloud indicator is a sophisticated trading tool designed to provide traders with insights into market trends and their intensity. This indicator is built on the Kaufman Adaptive Moving Average (KAMA), which dynamically adjusts its sensitivity to filter out market noise and respond to significant price movements. The KAMA Cloud leverages multiple KAMAs to gauge trend direction and strength, offering a visual representation that is easy to interpret.
How It Works:
The KAMA Cloud uses twenty different KAMA calculations, each set to a distinct lookback period ranging from 5 to 100. These KAMAs are calculated using the average of the open, high, low, and close prices (OHLC4), ensuring a balanced view of price action. The relative positioning of these KAMAs helps determine the direction of the market trend and its momentum.
By measuring the cumulative relative distance between these KAMAs, the indicator effectively assesses the overall trend strength, akin to how the Average True Range (ATR) measures market volatility. This cumulative measure helps in identifying the trend’s robustness and potential sustainability.
The visualization component of the KAMA Cloud is particularly insightful. It plots a 'cloud' formed between the base KAMA (set at a 100-period lookback) and an adjusted KAMA that incorporates the cumulative relative distance scaled up. This cloud changes color based on the trend direction — green for upward trends and red for downward trends, providing a clear, visual representation of market conditions.
Benefits:
Dynamic Sensitivity: By adapting to the market's volatility, KAMA provides more reliable signals than traditional moving averages.
Trend Clarity: The color-coded cloud visually enhances the perception of the trend’s direction and strength, making it easier for traders to decide on their trading strategy.
Versatility: Suitable for various asset classes, including stocks, forex, commodities, and cryptocurrencies, across different timeframes.
Decision Support: Helps traders understand not just the direction but the strength of trends, aiding in more informed decision-making regarding entries, exits, and risk management.
Usage:
The KAMA Cloud is ideal for traders who need a robust trend-following tool that adjusts according to market dynamics. It can be used as a standalone indicator or in conjunction with other technical analysis tools to enhance trading strategies. Look for the cloud’s color shifts as potential signals for trend reversals or continuations, and consider the cloud’s thickness as an indication of trend strength.
Whether you are a day trader, swing trader, or long-term investor, the KAMA Cloud offers a unique approach to understanding market trends, helping you navigate the complexities of various market conditions with confidence.
ADX + Volume Strategy### Strategy Description: ADX and Volume-Based Trading Strategy
This strategy is designed to identify strong market trends using the **Average Directional Index (ADX)** and confirm trading signals with **Volume**. The idea behind the strategy is to enter trades only when the market shows a strong trend (as indicated by ADX) and when the price movement is supported by high trading volume. This combination helps filter out weaker signals and provides more reliable entries into positions.
### Key Indicators:
1. **ADX (Average Directional Index)**:
- **Purpose**: ADX is a technical indicator that measures the strength of a trend, regardless of its direction (up or down).
- **Usage**: The strategy uses ADX to determine whether the market is trending strongly. If ADX is above a certain threshold (default is 25), it indicates that a strong trend is present.
- **Directional Indicators**:
- **DI+ (Directional Indicator Plus)**: Indicates the strength of the upward price movement.
- **DI- (Directional Indicator Minus)**: Indicates the strength of the downward price movement.
- ADX does not indicate the direction of the trend but confirms that a trend exists. DI+ and DI- are used to determine the direction.
2. **Volume**:
- **Purpose**: Volume is a key indicator for confirming the strength of a price movement. High volume suggests that a large number of market participants are supporting the movement, making it more likely to continue.
- **Usage**: The strategy compares the current volume to the 20-period moving average of the volume. The trade signal is confirmed if the current volume is greater than the average volume by a specified **Volume Multiplier** (default multiplier is 1.5). This ensures that the trade is supported by strong market participation.
### Strategy Logic:
#### **Entry Conditions:**
1. **Long Position** (Buy):
- **ADX** is above the threshold (default is 25), indicating a strong trend.
- **DI+ > DI-**, signaling that the market is trending upward.
- The **current volume** is greater than the 20-period average volume multiplied by the **Volume Multiplier** (e.g., 1.5), indicating that the upward price movement is backed by sufficient market activity.
2. **Short Position** (Sell):
- **ADX** is above the threshold (default is 25), indicating a strong trend.
- **DI- > DI+**, signaling that the market is trending downward.
- The **current volume** is greater than the 20-period average volume multiplied by the **Volume Multiplier** (e.g., 1.5), indicating that the downward price movement is backed by strong selling activity.
#### **Exit Conditions**:
- Positions are closed when the opposite signal appears:
- **For long positions**: Close when the short conditions are met (ADX still above the threshold, DI- > DI+, and the volume condition holds).
- **For short positions**: Close when the long conditions are met (ADX still above the threshold, DI+ > DI-, and the volume condition holds).
### Parameters:
- **ADX Period**: The period used to calculate ADX (default is 14). This controls how sensitive the ADX is to price movements.
- **ADX Threshold**: The minimum ADX value required for the strategy to consider the market trend as strong (default is 25). Higher values focus on stronger trends.
- **Volume Multiplier**: This parameter adjusts how much higher the current volume needs to be compared to the 20-period moving average for the signal to be valid. A value of 1.5 means the current volume must be 50% higher than the average volume.
### Example Trade Flow:
1. **Long Trade Example**:
- ADX > 25, confirming a strong trend.
- DI+ > DI-, confirming that the trend direction is upward.
- The current volume is 50% higher than the 20-period average volume (multiplied by 1.5).
- **Action**: Enter a long position.
2. **Short Trade Example**:
- ADX > 25, confirming a strong trend.
- DI- > DI+, confirming that the trend direction is downward.
- The current volume is 50% higher than the 20-period average volume.
- **Action**: Enter a short position.
### Strengths of the Strategy:
- **Trend Filtering**: The strategy ensures that trades are only taken when the market is trending strongly (confirmed by ADX) and that the price movement is supported by high volume, reducing the likelihood of false signals.
- **Volume Confirmation**: Using volume as confirmation provides an additional layer of reliability, as volume spikes often accompany sustained price moves.
- **Dual Signal Confirmation**: Both trend strength (ADX) and volume conditions must be met for a trade, making the strategy more robust.
### Weaknesses of the Strategy:
- **Limited Effectiveness in Range-Bound Markets**: Since the strategy relies on strong trends, it may underperform in sideways or non-trending markets where ADX stays below the threshold.
- **Lagging Nature of ADX**: ADX is a lagging indicator, which means that it may confirm the trend after it has already begun, potentially leading to late entries.
- **Volume Requirement**: In low-volume markets, the volume multiplier condition may not be met often, leading to fewer trade opportunities.
### Customization:
- **Adjust the ADX Threshold**: You can raise the threshold if you want to focus only on very strong trends, or lower it to capture moderate trends.
- **Adjust the Volume Multiplier**: You can change the multiplier to be more or less strict. A higher multiplier (e.g., 2.0) will require a stronger volume spike to confirm the signal, while a lower multiplier (e.g., 1.2) will allow more trades with weaker volume confirmation.
### Summary:
This ADX and Volume strategy is ideal for traders who want to follow strong trends while ensuring that the trend is supported by high trading volume. By combining a trend strength filter (ADX) and volume confirmation, the strategy aims to increase the probability of entering profitable trades while reducing the number of false signals. However, it may underperform in range-bound markets or in markets with low volume.
Previous Day Close (PVC)Indicator Description: Previous Day Close
This indicator visually represents the previous day's closing price, providing traders with a clear reference point on the chart. By marking this key level, it enhances your ability to analyze stock price movements and make informed trading decisions.
Key Features:
Visual Clarity: The previous day's close is prominently displayed, making it easy to spot significant price levels at a glance.
Enhanced Analysis: Use this indicator to identify potential support and resistance levels based on historical closing prices.
User-Friendly: Designed for simplicity, this indicator integrates seamlessly into your trading workflow.
Leverage the power of the previous day’s close to improve your trading strategy and gain a competitive edge in the market!
