ATR Stop LossThe ATR Stop Loss indicator is designed to assist traders in managing risk by calculating dynamic stop loss levels based on the Average True Range (ATR). By considering market volatility, this tool helps identify optimal stop loss placements for both long and short positions, making it easier for traders to protect their investments and avoid premature exits.
Features:
Customizable ATR period and multiplier to adapt to different trading strategies and market conditions.
Displays stop loss levels directly on the chart for quick decision-making.
Works across various timeframes and assets, offering flexible application in diverse trading scenarios.
How It Works: The indicator calculates the ATR over a specified period and multiplies it by a user-defined value to plot stop loss levels above or below the current closing price. For long positions, the stop loss level is set below the price, while for short positions, it is set above. These levels help traders set stops that account for current market volatility, reducing the likelihood of getting stopped out by minor fluctuations.
Usage: Add the ATR Stop Loss indicator to your chart, customize the ATR period and multiplier as needed, and use the visualized stop loss levels to manage your trades with greater precision and confidence.
Disclaimer: The ATR Stop Loss indicator is provided for educational and informational purposes only and should not be construed as financial or investment advice. Trading involves substantial risk and is not suitable for every investor. Users are solely responsible for any trading decisions they make based on the use of this indicator. Past performance is not indicative of future results. Always conduct your own analysis and consult with a qualified financial professional before making any trading decisions. EdgeLab and its creator bear no liability for any financial losses or other damages resulting from the use of this indicator.
Volatilidad
Half Trend Regression [AlgoAlpha]Introducing the Half Trend Regression indicator by AlgoAlpha, a cutting-edge tool designed to provide traders with precise trend detection and reversal signals. This indicator uniquely combines linear regression analysis with ATR-based channel offsets to deliver a dynamic view of market trends. Ideal for traders looking to integrate statistical methods into their analysis to improve trade timing and decision-making.
Key Features
🎨 Customizable Appearance : Adjust colors for bullish (green) and bearish (red) trends to match your charting preferences.
🔧 Flexible Parameters : Configure amplitude, channel deviation, and linear regression length to tailor the indicator to different time frames and trading styles.
📈 Dynamic Trend Line : Utilizes linear regression of high, low, and close prices to calculate a trend line that adapts to market movements.
🚀 Trend Direction Signals : Provides clear visual signals for potential trend reversals with plotted arrows on the chart.
📊 Adaptive Channels : Incorporates ATR-based channel offsets to account for market volatility and highlight potential support and resistance zones.
🔔 Alerts : Set up alerts for bullish or bearish trend changes to stay informed of market shifts in real-time.
How to Use
🛠 Add the Indicator : Add the Half Trend Regression indicator to your chart from the TradingView library. Access the settings to customize parameters such as amplitude, channel deviation, and linear regression length to suit your trading strategy.
📊 Analyze the Trend : Observe the plotted trend line and the filled areas under it. A green fill indicates a bullish trend, while a red fill indicates a bearish trend.
🔔 Set Alerts : Use the built-in alert conditions to receive notifications when a trend reversal is detected, allowing you to react promptly to market changes.
How It Works
The Half Trend Regression indicator calculates linear regression lines for the high, low, and close prices over a specified period to determine the general direction of the market. It then computes moving averages and identifies the highest and lowest points within these regression lines to establish a dynamic trend line. The trend direction is determined by comparing the moving averages and previous price levels, updating as new data becomes available. To account for market volatility, the indicator calculates channels above and below the trend line, offset by a multiple of half the Average True Range (ATR). These channels help visualize potential support and resistance zones. The area under the trend line is filled with color corresponding to the current trend direction—green for bullish and red for bearish. When the trend direction changes, the indicator plots arrows on the chart to signal a potential reversal, and alerts can be set up to notify you. By integrating linear regression and ATR-based channels, the indicator provides a comprehensive view of market trends and potential reversal points, aiding traders in making informed decisions.
Enhance your trading strategy with the Half Trend Regression indicator by AlgoAlpha and gain a statistical edge in the markets! 🌟📊
Multi-Timeframe Supertrend Dashboard - EnhancedOverview
The Multi-Timeframe Supertrend Dashboard is a powerful tool designed to give traders a clear view of market trends across multiple timeframes, all from a single dashboard. This indicator leverages the Supertrend method to calculate buy and sell signals based on the direction of price relative to dynamically calculated support and resistance lines. The dashboard is optimized for dark mode and provides easy-to-interpret color-coded signals for each timeframe.
How It Works
The Supertrend indicator is a trend-following indicator that uses the Average True Range (ATR) to set upper and lower bands around the price, adapting dynamically as volatility changes. When the price is above the Supertrend line, the market is considered in an uptrend, triggering a "BUY" signal. Conversely, when the price falls below the Supertrend line, the market is in a downtrend, triggering a "SELL" signal.
This Multi-Timeframe Supertrend Dashboard calculates Supertrend signals for the following timeframes:
1 minute
5 minutes
15 minutes
1 hour
Daily
Weekly
Monthly
For each timeframe, the dashboard shows either a "BUY" or "SELL" signal, allowing traders to assess whether trends align across timeframes. A "BUY" signal displays in green, and a "SELL" signal displays in red, giving a quick visual reference of the overall trend direction for each timeframe.
Customization Options
ATR Period: Defines the period for the Average True Range (ATR) calculation, which determines how responsive the Supertrend lines are to changes in market volatility.
Multiplier: Sets the sensitivity of the Supertrend bands to price movements. Higher values make the bands less sensitive, while lower values increase sensitivity, allowing quicker reactions to changes in price.
How to Interpret the Dashboard
The Multi-Timeframe Supertrend Dashboard allows traders to see at a glance if trends across multiple timeframes are aligned. Here’s how to interpret the signals:
BUY (Green): The current timeframe’s price is in an uptrend based on the Supertrend calculation.
SELL (Red): The current timeframe’s price is in a downtrend based on the Supertrend calculation.
For example:
If all timeframes display "BUY," the asset is in a strong uptrend across multiple time horizons, which may indicate a bullish market.
If all timeframes display "SELL," the asset is likely in a strong downtrend, signaling a bearish market.
Mixed signals across timeframes suggest market consolidation or differing trends across short- and long-term periods.
Use Cases
Trend Confirmation: Use the dashboard to confirm trends across multiple timeframes before entering or exiting a position.
Quick Market Analysis: Get a snapshot of market conditions across timeframes without having to change charts.
Multi-Timeframe Alignment: Identify alignment across timeframes, which is often a strong indicator of market momentum in one direction.
Dark Mode Optimization
The dashboard has been optimized for dark mode, with white text and contrasting background colors to ensure easy readability on darker TradingView themes.
Implied Fair Value Gap (IFVG) ICT [TradingFinder] Hidden FVG OTE🔵 Introduction
The Implied Fair Value Gap (IFVG) is distinctive due to its unique three-candlestick formation, which differentiates it from conventional Fair Value Gaps.
Implied fair value represents an estimated worth of an asset—often a business or its goodwill—based on the price likely to be received in a structured transaction between market participants at a specific point in time.
In the ever-evolving world of technical analysis, pinpointing price reversal points and market anomalies can significantly enhance trading strategies and decision-making for traders and investors. Among the advanced concepts gaining traction in this field is the Implied Fair Value Gap (IFVG), introduced by the renowned analyst Inner Circle Trader (ICT).
This tool has proven to be an effective method for identifying hidden supply and demand zones in financial markets, offering a unique edge to traders looking for high-probability setups.
Unlike traditional gaps that are visible on price charts, IFVG is a hidden gap that doesn’t appear explicitly on the chart and thus requires specialized technical analysis tools for accurate identification.
This hidden gap can signal potential price reversals and offers traders insight into high-liquidity areas where price is likely to react. This article will guide you through using the ICT Implied Fair Value Gap Indicator effectively, covering its settings, usage strategies, and key features to help you make informed decisions in the market.
🟣 Bullish Implied FVG
🟣 Bearish Implied FVG
🔵 How to Use
The IFVG indicator is designed to assist traders in recognizing hidden support and resistance zones by identifying Bullish and Bearish IFVG patterns. With this tool, traders can make better-informed decisions about suitable entry and exit points for their trades based on these patterns.
🟣 Bullish Implied Fair Value Gap
This pattern occurs in an uptrend when a large bullish candlestick forms, with the wicks of the previous and following candles overlapping the body of the central candlestick.
This overlap creates a demand zone or a hidden support level, which can act as an ideal entry point for buy trades. Often, when the price returns to this area, it is likely to resume its upward trend, presenting a profitable buying opportunity.
🟣 Bearish Implied Fair Value Gap
This pattern is similar but forms in downtrends. Here, a large bearish candlestick appears on the chart, with the wicks of adjacent candles overlapping its body. This overlap defines a supply zone or a hidden resistance level and serves as a signal for potential sell trades.
When the price returns to this zone, it often continues its downward trend, providing an optimal point for entering sell trades.
The IFVG indicator also includes various filters that traders can use to refine their analysis based on market conditions. These filters, including Very Aggressive, Aggressive, Defensive, and Very Defensive, allow users to customize the IFVG zones' width, offering flexibility according to the trader’s risk tolerance and trading style.
🟣 Example Trading Scenarios
Suppose you’re in a strong uptrend and the IFVG indicator identifies a Bullish IFVG zone. In this scenario, you could consider entering a buy trade when the price retraces to this zone, expecting the uptrend to resume. Conversely, in a downtrend, a Bearish IFVG zone can signal a favorable entry point for short trades when the price revisits this area.
🔵 Settings
Implied Block Validity Period: This parameter specifies the validity period of each identified block, taking into account the number of bars that have passed since its formation. Proper adjustment of this period helps traders focus only on relevant zones, increasing the accuracy of the analysis.
Mitigation Level OB : This option defines the mitigation level for supply and demand blocks (Order Blocks), with settings including Proximal, 50% OB, and Distal.
Depending on the selected level, the indicator will focus on closer, mid-range, or farther points for block identification, allowing traders to adjust for the level of precision required.
Implied Filter : Activating this filter allows traders to apply conditions based on the width of the IFVG zones. With options like Very Aggressive and Very Defensive, traders can control the width of IFVG zones to suit their risk management strategy—whether they prefer high-risk setups or low-risk setups.
Display and Color Settings : This section enables users to customize the appearance of the IFVG zones on their charts. Traders can set different colors for Bullish and Bearish zones, allowing for easier distinction and improved visualization.
Alert Settings : One of the standout features of the IFVG indicator is the alert system. By setting up alerts, users can be notified whenever the price approaches a demand or supply zone.
Alerts can be customized to trigger Once Per Bar (one alert per bar) or Per Bar Close (alert at the close of each bar), ensuring that traders stay updated on critical price movements without needing to monitor the chart continuously.
🔵 Conclusion
The ICT Implied Fair Value Gap (IFVG) indicator is a powerful and sophisticated tool in technical analysis, allowing professional traders to identify hidden supply and demand zones and use them as entry and exit points for buy and sell trades.
This indicator’s automatic detection of IFVG zones helps traders uncover hidden trading opportunities that can enhance their analysis.
While the IFVG indicator offers numerous advantages, it is important to use it in conjunction with other technical analysis tools and sound risk management practices.
IFVG alone does not guarantee profitability in trading; it works best when combined with other indicators such as volume analysis and trend-following indicators for a comprehensive trading strategy.
[Volatility] [Gain & Loss] - OverviewFX:EURUSD
Indicator Overview: Volatility & Gain/Loss - Forex Pair Analysis
This indicator, " —Overview" , is designed for users interested in analyzing the volatility and gain/loss metrics of multiple forex pairs. The tool is especially useful for traders aiming to assess currency pair volatility alongside gain and loss percentages over selected periods. It enables a clearer understanding of pair behavior and aids in decision-making.
Key Features
Customizable Volatility and Gain/Loss Periods : Define your preferred calculation periods and timeframes for both volatility and gain/loss to tailor the indicator to specific trading strategies. Multi-Pair Analysis : This indicator supports up to six forex pairs (default pairs include EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, and USDCAD) and allows you to adjust these pairs as needed. Visual Ranking : Forex pairs are sorted by volatility, displaying the highest pairs at the top for quick reference. Top Gain/Loss Highlighting : The pair with the maximum gain and the pair with the maximum loss are highlighted in the table, making it easy to identify the best and worst performers at a glance.
Indicator Settings
Volatility Settings : Period : Adjust the number of periods used in the ATR (Average True Range) calculation. A default period of 14 is set. Timeframe : Select a timeframe (e.g., Daily, Weekly) for volatility calculation to match your analysis preference.
Gain/Loss Settings : Period : Choose the number of periods for gain/loss calculation. The default is set to 1. Timeframe : Select the timeframe for gain/loss calculation, independent of the volatility timeframe.
Symbol Selection : Configure up to six forex pairs. By default, popular forex pairs are pre-loaded but can be customized to include other currency pairs.
Output and Visualization
Table Display : This indicator displays data in a neatly structured table positioned in the top-right corner of your chart. Columns : Includes columns for the Forex Pair, Volatility Percentage, Gain Percentage, and Loss Percentage. Color Coding : Volatility is displayed in a standard color for clear readability. Gain values are highlighted in green, and Loss values are highlighted in red, allowing for quick visual differentiation. Highlighting : Rows representing the pair with the highest gain and the pair with the most significant loss are especially highlighted for emphasis.
How to Use
Volatility Analysis : This metric gives insight into the average price range movements for each pair over the specified period and timeframe, helping you evaluate the potential for rapid price changes. Gain/Loss Tracking : Gain or loss percentages show the pair's recent performance, allowing you to observe whether a currency pair is trending positively or negatively over the chosen period. Comparative Pair Ranking : Use the table to identify pairs with the highest volatility and extremes in gain or loss to guide trading decisions based on market conditions.
Ideal For
Swing Traders and Day Traders looking to understand short-term market fluctuations in currency pairs. Risk Management : Helps traders gauge pairs with higher risk (volatility) and recent performance (gain/loss) for informed position sizing and risk control.
This indicator is a comprehensive tool for visualizing and analyzing key forex pairs, making it an essential addition for traders looking to stay updated on volatility trends and recent price changes.
The Ultimate ATR-BBW Market Volatility Indicator"The ATR-BBW Market Volatility Indicator combines the Average True Range (ATR) and Bollinger Bands Width (BBW) to provide a measure of market volatility. This indicator does not indicate bullish or bearish trends, but rather the magnitude of price fluctuations.
* Usage: When the indicator moves upward, it suggests increasing market volatility, indicating that prices are moving within a wider range. Conversely, a downward movement implies decreasing volatility, signifying that prices are moving within a narrower range.
* Note: This sub-indicator solely reflects market volatility and does not provide buy or sell signals.
Investing involves risk. Please conduct thorough research before making any investment decisions.
ATR and BBW Explained:
* Average True Range (ATR): ATR is a technical analysis indicator used to measure market volatility. It calculates the average of a series of true ranges, where the true range is the greatest of the following:
* The current high minus the current low
* The absolute value of the current high minus the previous close
* The absolute value of the current low minus the previous close
* A higher ATR value indicates higher volatility, while a lower value suggests lower volatility.
* Bollinger Bands Width (BBW): Bollinger Bands are plotted two standard deviations above and below a simple moving average. BBW measures the distance between the upper and lower bands. A wider BBW indicates higher volatility, as prices are moving further away from the moving average. Conversely, a narrower BBW suggests lower volatility.
Combining ATR and BBW:
By combining ATR and BBW, the ATR-BBW indicator provides a more comprehensive view of market volatility. ATR captures the overall volatility of the market, while BBW measures the volatility relative to the moving average. Together, they provide a more robust indicator of market conditions and can be used to identify potential trading opportunities.
Why ATR and BBW are Effective for Measuring Volatility:
* ATR directly measures the actual price movement, regardless of the direction.
* BBW shows how much prices are deviating from their average, indicating the strength of the current trend.
* Combined: By combining these two measures, the ATR-BBW indicator provides a more comprehensive and accurate assessment of market volatility.
In essence, the ATR-BBW indicator helps traders understand the magnitude of price fluctuations, allowing them to make more informed trading decisions.
ATR-Based Trend Oscillator with Donchian ChannelsThis script, my Magnum Opus, combines the best elements of trend detection into a powerful ATR-based trend strength oscillator. It has been meticulously engineered to give traders a consistent edge in trend analysis across any asset, including highly volatile markets like crypto and forex. The oscillator normalizes trend strength as a percentage of ATR, smoothing out noise and allowing the oscillator to remain highly responsive while adapting to varying asset volatility.
Key Features:
ATR-Based Oscillator: Measures trend strength in relation to Average True Range, which enhances accuracy and consistency across different assets. By normalizing to ATR, the oscillator produces stable and reliable values that capture shifts in trend momentum effectively.
Dual Moving Averages for Smoothing: This script features two customizable moving averages to help confirm trend direction and strength, making it adaptable for short- and long-term analysis alike.
Donchian Channels for Strength Bounds: A Donchian Channel over the smoothed trend strength oscillator visually bounds strength levels, enabling traders to spot breakout points or reversals quickly.
Ideal for Multi-Asset Trading: The versatility of this indicator makes it a perfect choice across various asset classes, from stocks to forex and cryptocurrencies, maintaining consistency in signals and reliability.
Suggested Pairing: Use this oscillator alongside a directional indicator, such as the Vortex Indicator, to confirm trend direction. This pairing allows traders to understand not only the strength but also the direction of the trend for optimized entry and exit points.
Why This Indicator Will Elevate Your Trading: This trend strength oscillator has been refined to provide clarity and edge for any trader. By incorporating ATR-based normalization, it maintains accuracy in volatile and steady markets alike. The Donchian Channels add structure to trend strength, giving clear overbought and oversold signals, while the two moving averages ensure that lag is minimized without sacrificing accuracy.
Whether you're scalping or trend-trading, this oscillator will enhance your ability to detect and interpret trend strength, making it an essential tool in any trading arsenal.
SecretSauceByVipzOverview:
SecretSauceByVipz is a sophisticated trading indicator designed to help traders identify high-probability buy and sell signals by integrating multiple technical analysis tools. By combining Exponential Moving Averages (EMAs), Average True Range (ATR) buffer zones, Volume Weighted Average Price (VWAP), and Relative Strength Index (RSI) momentum confirmation, this indicator aims to reduce false signals and enhance trading decisions.
Key Features:
Exponential Moving Averages (EMAs):
200-period EMA (Long EMA): Serves as a long-term trend indicator.
8-period EMA (Fast EMA): Captures short-term price movements.
21-period EMA (Slow EMA): Reflects medium-term price trends.
EMA Crossovers: Generates initial buy/sell signals when the fast EMA crosses over or under the slow EMA.
ATR-Based Buffer Zones:
ATR Calculation: Utilizes a 14-period ATR to measure market volatility.
Buffer Zone Multiplier: User-adjustable multiplier (default 1.0) applied to the ATR to create dynamic buffer zones around the 200 EMA.
Buffer Zones: Helps filter out false signals by requiring price to move beyond these zones for certain signals.
Volume Weighted Average Price (VWAP):
VWAP Plotting: Provides an average price weighted by volume, useful for identifying fair value areas and potential support/resistance levels.
Signal Confirmation Logic:
Confirmation Candle: Requires the next candle after a crossover to close in the signal's direction for added reliability.
Early Signals: Triggers when price crosses the 200 EMA and moves beyond the buffer zone, indicating potential early trend changes.
Strong Signals: Occur when both the price crosses the fast EMA and the fast EMA crosses the slow EMA simultaneously.
RSI Momentum Confirmation:
RSI Calculation: Uses a 14-period RSI to gauge market momentum.
Momentum Filter: Confirms signals only when RSI aligns with the trend (above 50 for bullish, below 50 for bearish signals).
Visual Aids:
EMA and VWAP Plots: Overlays the EMAs and VWAP directly on the price chart for easy visualization.
Buffer Zone Lines: Plots the upper and lower buffer zones around the 200 EMA.
Signal Labels:
Buy Signals: Displayed as green "BUY" labels below the bars.
Sell Signals: Displayed as red "SELL" labels above the bars.
How to Use:
Trend Identification:
Use the 200 EMA to determine the overall market trend.
Price above the 200 EMA suggests a bullish trend; below indicates a bearish trend.
Signal Generation:
Confirmed Signals: Wait for the confirmation candle after an EMA crossover before considering entry.
Early Signals: Consider early entries when price crosses the 200 EMA and moves beyond the buffer zone.
Strong Signals: Pay attention to strong signals where both price and EMAs are crossing over, indicating robust trend momentum.
Momentum Confirmation:
Ensure the RSI aligns with the signal direction:
Buy Signals: RSI should be above 50.
Sell Signals: RSI should be below 50.
Adjusting Sensitivity:
Modify the ATR Multiplier and Buffer Multiplier to suit different market conditions and personal trading styles.
A higher multiplier may reduce signal frequency but increase reliability.
Customization Parameters:
ATR Multiplier for Distance Filter (Default: 1.5):
Adjusts the sensitivity of the distance filter based on ATR.
Buffer Multiplier for 200 EMA (Default: 1.0):
Alters the width of the buffer zones around the 200 EMA.
Benefits:
Reduces False Signals: The combination of confirmation candles and buffer zones helps filter out noise.
Enhances Trend Detection: Multiple EMA crossovers provide insights into short-term and medium-term trends.
Incorporates Volatility and Momentum: ATR and RSI ensure signals consider market volatility and momentum.
Disclaimer:
This indicator is a tool to assist in technical analysis and should not be used as the sole basis for trading decisions. Always conduct thorough analysis and consider risk management strategies before executing trades. Past performance is not indicative of future results.
Credits:
Developed by Vipink1203.
Version:
Pine Script Version 5
Reversed Choppiness Index with Donchian Channels and SMAIn the chaotic world of trading, where every tick can lead to joy or despair, traders yearn for clarity amid the noise. They crave a mechanism that not only reveals the underlying market trends but also navigates the turbulent waters of volatility with grace. Enter the Reversed Choppiness Index with Donchian Channels and SMA Smoothing—a sophisticated tool crafted for those who refuse to be swayed by the whims of market noise.
This innovative script harnesses the power of the Choppiness Index, flipping it on its head to unveil the true direction of price movement. Choppiness, in its traditional form, indicates when the market is stuck in a sideways range, characterized by erratic price movements that can leave traders bewildered. High choppiness often signals confusion in the market, where prices oscillate without a clear trend, leading to potential losses. Conversely, low choppiness suggests a trending market, whether bullish or bearish, where trades can yield consistent profits. By reversing the Choppiness Index, this tool highlights lower choppiness levels as opportunities for selling when the market shows stability and momentum—perfect for traders looking to enter or exit positions with confidence.
The Donchian Channels serve as reliable markers, defining the boundaries of price action and helping to paint a clearer picture of market dynamics. Traders should look for breakouts from these channels, which may indicate a significant shift in momentum. When the Reversed Choppiness Index trends lower while price breaks above the upper Donchian Band, it may signal a strong buying opportunity, while a rise in choppiness alongside price dipping below the lower band can indicate a potential selling point.
But that's not all—this tool features a dual-layer of smoothing through two distinct Simple Moving Averages (SMAs). The first SMA gently caresses the Reversed Choppiness Index, softening its edges to reveal the underlying trends. The second SMA adds an extra layer of finesse, ensuring traders can spot significant changes with less noise interference.
In a landscape filled with fleeting opportunities and unpredictable swings, this script stands as a beacon of stability. It allows traders to focus on what truly matters—seizing profitable moments without getting caught in the crossfire of volatility. By understanding the dynamics of choppiness through this reversed lens, traders can more effectively navigate their strategies, capitalizing on clearer signals while avoiding the pitfalls of market noise. Embrace this tool and transform the way you trade; the market's whispers will no longer drown out your strategies, paving the way for informed decisions and greater success.
Entropy-Based Adaptive SuperTrendOverview:
Introducing the Entropy-Based Adaptive SuperTrend – a groundbreaking trading indicator designed to adapt dynamically to market conditions using market entropy. This enhanced SuperTrend indicator adjusts its sensitivity according to the level of chaos (or order) in price movements, providing more stable signals during volatile periods and more responsive signals when the market becomes orderly.
Key Features:
Entropy-Adaptive Mechanism: By incorporating an entropy measure, this indicator estimates the degree of unpredictability in the market. During high entropy periods (more chaotic), signals are made less sensitive, while during low entropy periods, the indicator reacts more quickly to price changes.
Adaptive ATR Multiplier: Unlike traditional SuperTrend indicators that use a fixed ATR multiplier, this version calculates a dynamic ATR multiplier based on the entropy score, ensuring more flexibility and adaptability in setting stop levels.
Visual Clarity: The indicator is overlayed on the price chart with customizable visual elements. The bullish and bearish trends are color-coded for ease of use, and optional entry signals ("L" for long and "S" for short) are plotted to clearly mark potential entry opportunities.
Alerts for Key Opportunities : Never miss an opportunity with built-in alerts for buy and sell signals. Traders can easily configure these alerts to be notified instantly when market conditions trigger a new trend.
How It Works:
Entropy Calculation: The entropy of the price data is calculated over a user-defined period, giving an indication of the degree of randomness in the price movements. The result is then smoothed to reduce noise and create a meaningful trend indication.
Dynamic ATR Adjustment: The ATR (Average True Range) multiplier, which controls the distance of the trailing stop, is adjusted based on the entropy score. This allows the SuperTrend line to widen in chaotic times, reducing false signals, while tightening in orderly times, allowing quicker trend captures.
Parameters Explained:
Entropy Settings: Control the sensitivity of entropy calculations, including the look-back period, number of bins for price distribution, and smoothing length.
Adaptive Settings: Adjust how the indicator adapts to different levels of entropy, including the adaptation period and the filtering weight.
SuperTrend Settings : Customize the ATR period and the dynamic multiplier range to fine-tune the trailing stops for your trading style.
Visual Settings: Choose your preferred colors for bullish and bearish trends, and decide if you want the entry labels displayed directly on the chart.
Use Cases:
Swing Traders can utilize the indicator to capture trend reversals while filtering out the noise during high entropy periods.
Intraday Traders can adapt the settings for shorter time frames to benefit from dynamic adjustments that reduce overtrading and false signals.
Risk Management: The entropy-based adaptive feature provides an edge in risk management by reducing sensitivity during times of increased chaos, thus helping to limit unnecessary trades.
How to Use It:
Look for entry labels ("L" for long, "S" for short) to identify potential opportunities.
Use the color-coded trendlines to determine market bias: greenish hue for bullish trends, reddish hue for bearish trends.
Customize the input settings to align with your preferred market timeframe and risk profile.
Alerts & Notifications:
Built-in alerts notify you of significant trend changes. Simply enable these alerts to receive updates when a new long or short opportunity is detected, helping you stay ahead without needing to watch the screen constantly.
Customization Tips:
Longer Timeframes : Increase the Entropy Period to better capture macro trends in high timeframe charts.
Higher Volatility Markets: Increase the ATR Max Multiplier to ensure stops are set farther away during high entropy.
Lower Volatility Markets: Use a lower ATR Base Multiplier and tighter entropy thresholds to capture rapid price movements.
Final Thoughts:
The Entropy-Based Adaptive SuperTrend indicator merges traditional trend-following logic with an adaptive mechanism driven by market entropy, aiming to address the challenges of whipsaws and false signals common in conventional SuperTrend setups. This indicator offers an intelligent and flexible way to track market trends, suitable for both beginners and experienced trade
Power Root SuperTrend [AlgoAlpha]📈🚀 Power Root SuperTrend by AlgoAlpha - Elevate Your Trading Strategy! 🌟
Introducing the Power Root SuperTrend by AlgoAlpha, an advanced trading indicator that enhances the traditional SuperTrend by incorporating Root-Mean-Square (RMS) calculations for a more responsive and adaptive trend detection. This innovative tool is designed to help traders identify trend directions, potential take-profit levels, and optimize entry and exit points with greater accuracy, making it an excellent addition to your trading arsenal.
Key Features:
🔹 Root-Mean-Square SuperTrend Calculation : Utilizes the RMS of closing prices to create a smoother and more sensitive SuperTrend line that adapts quickly to market changes.
🔸 Multiple Take-Profit Levels : Automatically calculates and plots up to seven take-profit levels (TP1 to TP7) based on market volatility and the change in SuperTrend values.
🟢 Dynamic Trend Coloring : Visually distinguish between bullish and bearish trends with customizable colors for clearer market visualization.
📊 RSI-Based Take-Profit Signals : Incorporates the Relative Strength Index (RSI) of the distance between the price and the SuperTrend line to generate additional take-profit signals.
🔔 Customizable Alerts : Set alerts for trend direction changes, achievement of take-profit levels, and RSI-based take-profit conditions to stay informed without constant chart monitoring.
How to Use:
Add the Indicator : Add the indicator to favorites by pressing the ⭐ icon or search for "Power Root SuperTrend " in the TradingView indicators library and add it to your chart. Adjust parameters such as the ATR multiplier, ATR length, RMS length, and RSI take-profit length to suit your trading style and the specific asset you are analyzing.
Analyze the Chart : Observe the SuperTrend line and the plotted take-profit levels. The color changes indicate trend directions—green for bullish and red for bearish trends.
Set Alerts : Utilize the built-in alert conditions to receive notifications when the trend direction changes, when each TP level is drawn, or when RSI-based take-profit conditions are met.
How It Works:
The Power Root SuperTrend indicator enhances traditional SuperTrend calculations by applying a Root-Mean-Square (RMS) function to the closing prices, resulting in a more responsive trend line that better reflects recent price movements. It calculates the Average True Range (ATR) to determine the volatility and sets the upper and lower SuperTrend bands accordingly. When a trend direction change is detected—signified by the SuperTrend line switching from above to below the price or vice versa—the indicator calculates the change in the SuperTrend value. This change is then used to establish multiple take-profit levels (TP1 to TP7), each representing incremental targets based on market volatility. Additionally, the indicator computes the RSI of the distance between the current price and the SuperTrend line to generate extra take-profit signals when the RSI crosses under a specific threshold. The combination of RMS calculations, multiple TP levels, dynamic coloring, and RSI signals provides traders with a comprehensive tool for identifying trends and optimizing trade exits. Customizable alerts ensure that traders can stay updated on important market developments without needing to constantly watch the charts.
Elevate your trading strategy with the Power Root SuperTrend indicator and gain a smarter edge in the markets! 🚀✨
Basic RSI Strategy with MFI Description: This Pine Script is a custom trading strategy that combines the power of the RSI (Relative Strength Index) and MFI (Money Flow Index) indicators with additional signal filters and a user-friendly dashboard. The strategy is designed to identify potential entry and exit points based on dynamic conditions, providing an advanced approach to technical analysis and decision-making in trading.
Key Features:
RSI-Based Signals:
Generates buy signals when the RSI-based moving average crosses above specific thresholds (29 and 50).
Generates sell signals when the RSI-based moving average crosses below specific thresholds (50 and 69).
MFI Filtering:
Signals are validated only if the MFI value is within the specified range of 20 to 80, ensuring that signals are generated only when market conditions are favorable.
Dynamic Signal Thresholds:
The script includes adjustable thresholds for the percentage difference between consecutive bars, as well as the range between high and low prices, to refine signal accuracy.
Dashboard:
Displays real-time statistics in the top right corner of the chart, including the total number of signals, the count of buy and sell signals, and the time duration over which these signals were generated.
How to Use:
Settings: Customize the RSI and MFI lengths, along with thresholds for price movement and MFI range. This flexibility allows the strategy to be tailored to different market conditions and timeframes.
Dashboard Insight: Track the strategy's performance in real-time, with an intuitive overview of generated signals and their time distribution on the chart.
Ideal For:
This script is suitable for traders seeking a robust, customizable, and real-time signal generation strategy that combines momentum and volume indicators. The strategy’s unique filtering mechanism provides a higher level of precision, making it an excellent tool for those who prioritize signal accuracy and clarity.
MACD Cloud with Moving Average and ATR BandsThe algorithm implements a technical analysis indicator that combines the MACD Cloud, Moving Averages (MA), and volatility bands (ATR) to provide signals on market trends and potential reversal points. It is divided into several sections:
🎨 Color Bars:
Activated based on user input.
Controls bar color display according to price relative to ATR levels and moving average (MA).
Logic:
⚫ Black: Potential bearish reversal (price above the upper ATR band).
🔵 Blue: Potential bullish reversal (price below the lower ATR band).
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🟢 Green: Bullish trend (price between the MA and upper ATR band).
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🔴 Red: Bearish trend (price between the lower ATR band and MA).
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📊 MACD Bars:
Description:
The MACD Bars section is activated by default and can be modified based on user input.
🔴 Red: Indicates a bearish trend, shown when the MACD line is below the Signal line (Signal line is a moving average of MACD).
🔵 Blue: Indicates a bullish trend, shown when the MACD line is above the Signal line.
Matching colors between MACD Bars and MACD Cloud visually confirms trend direction.
MACD Cloud Logic: The MACD Cloud is based on Moving Average Convergence Divergence (MACD), a momentum indicator showing the relationship between two moving averages of price.
MACD and Signal Lines: The cloud visualizes the MACD line relative to the Signal line. If the MACD line is above the Signal line, it indicates a potential bullish trend, while below it suggests a potential bearish trend.
☁️ MA Cloud:
The MA Cloud uses three moving averages to analyze price direction:
Moving Average Relationship: Three MAs of different periods are plotted. The cloud turns green when the shorter MA is above the longer MA, indicating an uptrend, and red when below, suggesting a downtrend.
Trend Visualization: This graphical representation shows the trend direction.
📉 ATR Bands:
The ATR bands calculate overbought and oversold limits using a weighted moving average (WMA) and ATR.
Center (matr): Shows general trend; prices above suggest an uptrend, while below indicate a downtrend.
Up ATR 1: Marks the first overbought level, suggesting a potential bearish reversal if the price moves above this band.
Down ATR 1: Marks the first oversold level, suggesting a possible bullish reversal if the price moves below this band.
Up ATR 2: Extends the overbought range to an extreme, reinforcing the possibility of a bearish reversal at this level.
Down ATR 2: Extends the oversold range to an extreme, indicating a stronger bullish reversal possibility if price reaches here.
Español:
El algoritmo implementa un indicador de análisis técnico que combina la nube MACD, promedios móviles (MA) y bandas de volatilidad (ATR) para proporcionar señales sobre tendencias del mercado y posibles puntos de reversión. Se divide en varias secciones:
🎨 Barras de Color:
- Activado según la entrada del usuario.
- Controla la visualización del color de las barras según el precio en relación con los niveles de ATR y el promedio móvil (MA).
- **Lógica:**
- ⚫ **Negro**: Reversión bajista potencial (precio por encima de la banda superior ATR).
- 🔵 **Azul**: Reversión alcista potencial (precio por debajo de la banda inferior ATR).
- 🟢 **Verde**: Tendencia alcista (precio entre el MA y la banda superior ATR).
- 🔴 **Rojo**: Tendencia bajista (precio entre la banda inferior ATR y el MA).
### 📊 Barras MACD:
- **Descripción**:
- La sección de barras MACD se activa por defecto y puede modificarse según la entrada del usuario.
- 🔴 **Rojo**: Indica una tendencia bajista, cuando la línea MACD está por debajo de la línea de señal (la línea de señal es una media móvil de la MACD).
- 🔵 **Azul**: Indica una tendencia alcista, cuando la línea MACD está por encima de la línea de señal.
- La coincidencia de colores entre las barras MACD y la nube MACD confirma visualmente la dirección de la tendencia.
### 🌥️ Nube MACD:
- **Lógica de la Nube MACD**: Basada en el indicador de convergencia-divergencia de medias móviles (MACD), que muestra la relación entre dos medias móviles del precio.
- **Líneas MACD y de Señal**: La nube visualiza la relación entre la línea MACD y la línea de señal. Si la línea MACD está por encima de la de señal, indica una tendencia alcista potencial; si está por debajo, sugiere una tendencia bajista.
### ☁️ Nube MA:
- **Relación entre Medias Móviles**: Se trazan tres medias móviles de diferentes períodos. La nube se vuelve verde cuando la media más corta está por encima de la más larga, indicando una tendencia alcista, y roja cuando está por debajo, sugiriendo una tendencia bajista.
- **Visualización de Tendencias**: Proporciona una representación gráfica de la dirección de la tendencia.
### 📉 Bandas ATR:
- Las bandas ATR calculan límites de sobrecompra y sobreventa usando una media ponderada y el ATR.
- **Centro (matr)**: Muestra la tendencia general; precios por encima indican tendencia alcista y debajo, bajista.
- **Up ATR 1**: Marca el primer nivel de sobrecompra, sugiriendo una reversión bajista potencial si el precio sube por encima de esta banda.
- **Down ATR 1**: Marca el primer nivel de sobreventa, sugiriendo una reversión alcista potencial si el precio baja por debajo de esta banda.
- **Up ATR 2**: Amplía el rango de sobrecompra a un nivel extremo, reforzando la posibilidad de reversión bajista.
- **Down ATR 2**: Extiende el rango de sobreventa a un nivel extremo, sugiriendo una reversión alcista más fuerte si el precio alcanza esta banda.
Multi-Currency Economic IndicatorCreating a Multi-Currency Economic Indicator that incorporates data for USD, JPY, AUD, GBP, CHF, NZD, and CAD will provide valuable insights into the economic health of these currencies. By plotting key economic indicators such as interest rates and allowing for customization, users can effectively analyze and make informed decisions.
If you have any further modifications or specific features you would like to add, feel free to let me know!
Dema Percentile Standard DeviationDema Percentile Standard Deviation
The Dema Percentile Standard Deviation indicator is a robust tool designed to identify and follow trends in financial markets.
How it works?
This code is straightforward and simple:
The price is smoothed using a DEMA (Double Exponential Moving Average).
Percentiles are then calculated on that DEMA.
When the closing price is below the lower percentile, it signals a potential short.
When the closing price is above the upper percentile and the Standard Deviation of the lower percentile, it signals a potential long.
Settings
Dema/Percentile/SD/EMA Length's: Defines the period over which calculations are made.
Dema Source: The source of the price data used in calculations.
Percentiles: Selects the type of percentile used in calculations (options include 60/40, 60/45, 55/40, 55/45). In these settings, 60 and 55 determine percentile for long signals, while 45 and 40 determine percentile for short signals.
Features
Fully Customizable
Fully Customizable: Customize colors to display for long/short signals.
Display Options: Choose to show long/short signals as a background color, as a line on price action, or as trend momentum in a separate window.
EMA for Confluence: An EMA can be used for early entries/exits for added signal confirmation, but it may introduce noise—use with caution!
Built-in Alerts.
Indicator on Diffrent Assets
INDEX:BTCUSD 1D Chart (6 high 56 27 60/45 14)
CRYPTO:SOLUSD 1D Chart (24 open 31 20 60/40 14)
CRYPTO:RUNEUSD 1D Chart (10 close 56 14 60/40 14)
Remember no indicator would on all assets with default setting so FAFO with setting to get your desired signal.
Relative Measured Volatility (RMV) – Spot Tight Entry ZonesTitle: Relative Measured Volatility (RMV) – Spot Tight Entry Zones
Introduction
The Relative Measured Volatility (RMV) indicator is designed to highlight tight price consolidation zones , making it an ideal tool for traders seeking optimal entry points before potential breakouts. By focusing on tightness rather than general volatility, RMV offers traders a practical way to detect consolidation phases that often precede significant market moves.
How RMV Works
The RMV calculates short-term tightness by averaging three ATR (Average True Range) values over different lookback periods and then normalizing them within a specified lookback window. The result is a percentage-based scale from 0 to 100, indicating how tight the current price range is compared to recent history.
Here’s the breakdown:
Three ATR values are computed using user-defined short lookback periods to represent short-term price movements. An average of the ATRs provides a smoothed measure of current tightness. The RMV normalizes this average against the highest and lowest values over the defined lookback period, scaling it from 0 to 100.
This approach helps traders identify consolidation zones that are more likely to lead to breakouts.
Key Features of RMV
Multi-Period ATR Calculation : Uses three ATR values to effectively capture market tightness over the short term. Normalization : Converts the tightness measure to a 0-100 scale for easy interpretation. Dynamic Histogram and Background Colors : The RMV indicator uses a color-coded system for clarity.
How to Use the RMV Indicator
Identify Tight Consolidation Zones:
a - RMV values between 0-10 indicate very tight price ranges, making this the most optimal zone for potential entries before breakouts.
b - RMV values between 11-20 suggest moderate tightness, still favorable for entries.
Monitor Potential Breakout Areas:
As RMV moves from 21-30 , tightness reduces, signaling expanding volatility that may require wider stops or more flexible entry strategies.
Adjust Trading Strategies:
Use RMV values to identify tight zones for entering trades, especially in trending markets or at key support/resistance levels.
Customize the Indicator:
a - Adjust the short-term ATR lookback periods to control sensitivity.
b - Modify the lookback period to match your trading horizon, whether short-term or long-term.
Color-Coding Guide for RMV
ibb.co
How to Add RMV to Your Chart
Open your chart on TradingView.
Go to the “Indicators” section.
Search for "Relative Measured Volatility (RMV)" in the Community Scripts section.
Click on the indicator to add it to your chart.
Customize the input parameters to fit your trading strategy.
Input Parameters
Lookback Period : Defines the period over which tightness is measured and normalized.
Short-term ATR Lookbacks (1, 2, 3) : Control sensitivity to short-term tightness.
Histogram Threshold : Sets the threshold for differentiating between bright (tight) and dim (less tight) histogram colors.
Conclusion
The Relative Measured Volatility (RMV) is a versatile tool designed to help traders identify tight entry zones by focusing on market consolidation. By highlighting narrow price ranges, the RMV guides traders toward potential breakout setups while providing clear visual cues for better decision-making. Add RMV to your trading toolkit today and enhance your ability to identify optimal entry points!
India market cap and smart dataThis indicator displays important financial and technical data, such as Market Cap, P/E Ratio, ADR %, etc.
It is specially designed for swing traders.
Key Features and Highlights
- Market Cap Alert: If the Market Cap of a stock is below 1000 crore , it is displayed in red to indicate a potential liquidity issue.
- P/E Ratio for Loss-Making Companies : For companies with net losses, the P/E ratio is shown as 0 and displayed in red , alerting you to the unprofitable status of the company.
- ADR Alert: When the ADR is below 4% , it is highlighted in red . Swing traders typically look for stocks with high ADR.
- 52-Week High Proximity: If a stock is more than 20% below its 52-week high , this data is shown in red .
- 52-Week Low Performance: If a stock is up by more than 70% from its 52-week low , the data is displayed in green , indicating strong performance.
Additional Features
- Toggle data points on or off as desired.
- Supports both dark and light modes.
- Position the table wherever preferred on the chart.
- Customize the ADR % calculation based on the desired number of days (default is 20 days).
Note: The calculation for the percentage away from the 52-week high is based on the closing price of the 52-week high candle, not the high price.
EMA and ATR Indicator BY DemirkanEMA 10 and ATR Indicator BY Demirkan
The EMA 10 and ATR Indicator combines two powerful technical indicators used to analyze trends and identify potential trading opportunities.
Indicator Components:
Exponential Moving Average (EMA):
EMA 10: Calculates the weighted average of the last 10 closing prices. This indicator is effective in tracking short-term price movements. When the price is above the EMA, it is considered that the trend is upward; when it is below, it is assessed as a downward trend.
Average True Range (ATR):
ATR: A measure of market volatility. When the ATR value falls within a specified range (between 10 and 14 in this indicator), the price movement is considered significant. This helps you base your trading decisions on more solid grounds.
Usage Recommendations:
Buy Signal: When the price is above the EMA and the ATR is within the specified range, this can be interpreted as a potential buy signal.
Sell Signal: When the price is below the EMA, this can be interpreted as a potential sell signal.
Chart Displays:
EMA Line: Displayed as a blue line, allowing you to see how the EMA relates to current price levels.
Price Status: Circles are used to indicate whether the price is above or below the EMA. A green circle indicates the price is above the EMA, while a red circle indicates it is below.
Background Colors: The chart background changes to green or red to highlight buy and sell conditions.
Aesthetic Presentation:
Using the "Flag" and "Below" parameters for the Price vs EMA indicator provides an aesthetically pleasing appearance on the chart. This type of visual presentation helps users quickly and easily grasp trading signals. Additionally, this aesthetic touch makes investors' charts look more professional and appealing.
This indicator is a useful tool for traders looking to develop short-term trading strategies. However, it should always be used in conjunction with additional analysis and other indicators.
Note: This indicator is for educational purposes only and should not be taken as investment advice.
30D Vs 90D Historical VolatilityVolatility equals risk for an underlying asset's price meaning bullish volatility is bearish for prices while bearish volatility is bullish. This compares 30-Day Historical Volatility to 90-Day Historical Volatility.
When the 30-Day crosses under the 90-day, this is typically when asset prices enter a bullish trend.
Conversely, When the 30-Day crosses above the 90-Day, this is when asset prices enter a bearish trend.
Peaks in volatility are bullish divergences while troughs are bearish divergences.
70% rule strength/trend/reversalThis indicator tells you which candle closed strong for the day by identifying if the price closed above 70% of the candle's total height. this can help you identify reversals/new trends/ renewed strength in the current trend.
The indicator colors such candle green and if the candle closes with increase in price by 5% or higher then marks an asterisk under the candle.
HOPE THIS HELPS
Indicator SELL UBScript Name: UB Sell Indicator based on 10Y Volume and Trend
Description: This indicator uses the 10-year interest rate (10Y1!) volume and price data to generate sell signals on the UB contract. When the 10Y1! volume exceeds a fixed threshold and the 10Y1! price is rising, a sell signal is issued to help traders anticipate bearish moves on the UB.
Features:
10Y1! Volume: Identifies periods of high volume.
10Y1! Price: Detects bullish trends in the 10Y1!.
Sell Signals: Displays red arrows to indicate selling opportunities on UB when conditions are met.
Visual Indicators: Colors and arrows for easy signal interpretation.
Parameters:
Fixed Volume Threshold: 114 (modifiable as needed).
Moving Average Period: 10 (to calculate the 10Y1! price trend).
Usage:
Watch for red arrows to identify selling opportunities on UB.
Combine with other analyses and indicators for a complete trading strategy.
Author: Jm Smeers
Publication Date: 26/10/2024
Delta Candle ColorsThe Delta Divergences indicator provides a visual representation of volume delta, which measures the difference between buying pressure and selling pressure within a candle. This is achieved by using intrabar (lower timeframe) volume and price fluctuations to estimate the delta between buying and selling pressure within each bar.
By color-coding candles based on this volume delta, traders can gain insight into the strength behind price movements and spot potential divergences. When a candle closes positively (higher than the previous close) but the volume delta is negative (more selling than buying), or when a candle closes negatively with a positive delta (more buying than selling), it indicates a divergence. These divergences can signal potential trend exhaustion or possible reversals.
The indicator includes custom alerts that notify the trader when these divergences occur:
Positive close with negative delta: Signals that the price is rising, but selling pressure is higher.
Negative close with positive delta: Signals that the price is falling, but buying pressure is higher.
In addition to color-coding candles based on delta, the indicator provides an option to display delta labels directly on the chart for each candle.
Finally, the option to only show divergences can be turned on. When enabled, non-divergent candles are colored normally, while only candles with delta divergences are highlighted, allowing traders to focus on the most relevant market information.
Supertrend with EMASupertrend + EMA Indicator
This custom indicator combines the popular Supertrend and Exponential Moving Average (EMA) indicators to enhance trend analysis and signal accuracy. The Supertrend tracks price volatility to identify potential trend directions, while the EMA provides a smooth moving average to help refine entries and exits based on trend momentum.
Features:
Supertrend: Detects trend reversals by using price action and volatility, making it effective in trending markets.
Exponential Moving Average (EMA): Smoothens price fluctuations, helping you gauge the trend’s strength and filter out false signals.
Versatile for multiple timeframes and asset classes.
Ideal for traders looking to catch sustained trends and avoid false breakouts, this indicator offers an improved way to follow market momentum and confirm trend strength. Customize the Supertrend ATR multiplier and EMA length to suit your trading style and timeframe.
