GEMAD | QuantumResearchIntroducing Rocheur’s Gaussian Moving Average Deviation Indicator
The Gaussian Moving Average Deviation indicator is an advanced tool that combines the smoothing power of a Gaussian filter with a moving average and ATR-based deviation system to detect trends and reversals. This innovative indicator provides traders with a refined approach to identifying long and short opportunities, making it a valuable addition to any trading toolkit.
Understanding the Gaussian Moving Average Deviation
At the core of this indicator is the Gaussian filter , a mathematical function that reduces market noise by applying a weighted average to price data. This process results in smoother signals, allowing for more accurate trend detection. The Exponential Moving Average (EMA) is applied to the filtered data, further refining the indicator's sensitivity to price movements. Additionally, the ATR-based deviation mechanism helps identify the distance between price and the smoothed average, allowing traders to detect potential long and short signals with greater precision.
Calculation Logic
The Gaussian filter is applied to the selected price source, with customizable parameters like length and sigma (standard deviation). This smoothed data is then used to calculate the EMA over multiple lengths. The ATR is incorporated to measure volatility and calculate the deviation threshold for generating signals.
Long Signals: A long signal is triggered when the price exceeds the filtered EMA plus the ATR deviation.
Short Signals: A short signal occurs when the price falls below the filtered EMA minus the ATR deviation.
Visual Representation
The Gaussian Moving Average Deviation indicator offers a customizable color palette for traders to easily identify trends at a glance:
Green Bars: Represent a bullish trend when the price is above the filtered EMA, signaling a long opportunity.
Red Bars: Indicate a bearish trend when the price falls below the filtered EMA, signaling a short opportunity.
The indicator also plots three smoothed lines (EMA with different lengths) to visualize the market’s overall direction and provide a clearer trend structure.
Filtered EMA: A single EMA is plotted for the Gaussian-filtered data.
Additional Smooth Lines: Two more smoothed averages (EMA of longer lengths) are plotted to show broader trends and deviations.
Customization & Parameters
To accommodate different trading styles, the Gaussian Moving Average Deviation allows for several customization options:
Periode: Default set to 4, it controls the length of the Gaussian filter.
EMA Length: Default set to 21, this adjusts the smoothing period for the filtered data.
ATR Length: Controls the ATR’s sensitivity to volatility, used in calculating the deviation for long and short signals.
Color Modes: A variety of color modes are available, allowing traders to customize the visual appearance of bullish and bearish trends.
Trading Applications
This indicator is versatile across various market conditions and can be adapted to different trading strategies:
Trend Following: The combination of Gaussian filtering and multiple EMA calculations helps traders follow trends with minimal lag.
Reversal Detection: By using ATR-based deviation, the indicator is adept at spotting potential reversals.
Risk Management: Clearly defined long and short signals provide traders with reliable entry and exit points, enhancing overall risk management.
Final Note
The Gaussian Moving Average Deviation is a powerful tool for traders looking to reduce market noise while maintaining sensitivity to price changes. With its customizable parameters and visual representation, it’s a flexible addition to any technical analysis strategy. As always, thorough backtesting and parameter adjustment are recommended to tailor the indicator to specific market conditions.
Análisis de ondas
Wave Anchor IndicatorThe Wave Anchor Indicator is designed to mark the crossing of overbought and oversold levels of higher time frame momentum waves, based on the VuManChu Cipher B+Divergences Wave Trend Indicator. This tool is inspired by the TP Mint trading strategy, which relies heavily on the momentum waves of Market Cipher B or VuManChu Cipher B for identifying optimal entry and exit points.
Key Concept: Anchored Waves
In the TP Mint strategy, momentum waves in overbought (above 60) or oversold (below -60) conditions on higher time frames are considered "anchored." These anchored waves provide strong signals for entries and take-profit points when viewed on lower time frames. The Wave Anchor Indicator focuses on these anchor conditions to help traders make informed decisions by seeing higher time frame anchor states directly on the entry time frame chart.
How It Works
Labeling Signals:
- On lower time frames, such as the 15-minute chart, the indicator shows labels when higher
time frame momentum waves (1-hour and 4-hour) cross the overbought or oversold levels.
- Labels above price indicate overbought conditions, with green labels when the wave crosses
upward and red labels when crossing downward.
- Labels below price signal oversold conditions, with red for a downward cross and green for an
upward cross.
- Each label displays the time frame of the crossing momentum wave, providing context for
traders at a glance.
Time Frame Pairings:
- On the 15-minute time frame, the indicator tracks anchor conditions from the 1-hour and 4-
hour time frames.
- On the 1-hour chart, it monitors 4-hour and daily time frame anchor conditions.
Customization and Alerts
Flexible Display Options : Users can choose to display none, one, or both of the grouped higher time frame labels, depending on their strategy and preferences.
Alerts : The indicator also allows for custom alerts when a label appears, helping traders stay on top of key market movements without constantly monitoring the chart.
Use Cases
This indicator is ideal for traders who use momentum-based strategies across multiple time frames. It simplifies the process of identifying key entry and exit points by focusing on the anchor conditions from higher time frames, making it easier to execute the TP Mint strategy or similar methods.
Thank you to VuManChu and LazyBear for mamking the momentum wave code open source and allowing it’s use in this indicator.
Ultimate Fibonacci Trading Tool [CHE]Ultimate Fibonacci Trading Tool – Your Key to More Precise Trading Decisions!
Description:
Discover the Ultimate Fibonacci Trading Tool , a powerful instrument designed to revolutionize your technical analysis. This tool is crafted to assist traders of all experience levels in better understanding market movements and making informed decisions. By utilizing a higher reference period from the past, it provides you with a clear advantage in identifying critical support and resistance levels.
🌟 Key Features in Detail:
1. Automatic Timeframe Selection:
- Auto Timeframe: The tool automatically detects the optimal higher reference period based on your current chart, providing more precise analysis without additional effort.
- Multiplier Mode: Define the higher timeframe using a multiplier. By default set to 5, this can be adjusted to suit your individual needs.
- Manual Selection: For maximum control, you can manually select the desired timeframe.
2. Customizable Fibonacci Levels:
- Enable/Disable Levels: Toggle specific Fibonacci levels (e.g., 0.236, 0.382, 0.5, 0.618, etc.) on or off to personalize your analysis.
- User-Defined Values: Input custom numerical values for each level to support specialized Fibonacci calculations.
- Color Customization: Choose individual colors for each level to keep your charts clear and visually appealing.
3. Automatic Trend Detection:
- The tool automatically identifies whether the market is in a bullish or bearish trend and adjusts the Fibonacci calculations accordingly, ensuring you always have the most relevant information at hand.
4. Period Separators with Start and Stop Labels:
- Customizable Separator Lines: Visualize the beginning of new time periods with lines that you can customize in style, color, and width.
- Start/Stop Labels: Clear markers help you instantly recognize critical time points and potential trend changes.
5. Flexible Label Management:
- Display Styles: Decide how Fibonacci levels are presented—percentage, price level, or both—so you get the information most important to you.
- Size Adjustment: Modify the size of the labels to optimize readability on your chart.
- Positioning: Place labels where they make the most sense for your analysis.
6. Informative Time Period Display:
- Customizable Info Box: Keep track of the reference period used with a customizable information box displayed directly on your chart.
- Layout Options: Determine the size, position, background, and text colors for seamless integration into your chart environment.
🔧 Detailed Settings Options:
- Timeframe Selection:
- Timeframe Type: Choose between "Auto Timeframe," "Multiplier," or "Manual" to control how the reference period is calculated.
- Multiplier: Set the multiplier when using the "Multiplier" mode; this value determines how many units of the current timeframe are used as the reference.
- Manual Resolution: If "Manual" is selected, you can input the exact timeframe (e.g., "60," "1D," "1W").
- Fibonacci Level Settings:
- Enabling Individual Levels: Toggle each Fibonacci level on or off according to your preference.
- Adjusting Level Values: Enter custom numerical values for each level to perform specialized calculations.
- Color Selection: Choose a unique color for each level to ensure clear differentiation.
- Period Separator Settings:
- Separator Color: Define the color of the separator lines to make them distinctly visible.
- Separator Style: Choose between "Solid," "Dashed," or "Dotted" to adjust the style of the separator lines.
- Separator Width: Set the width of the separator lines to match your chart aesthetics.
- Label Management:
- Label Style: Select how labels are displayed:
- Default: Shows both percentage and price.
- None: No labels are displayed.
- Percentage: Shows only the Fibonacci level percentage.
- Price: Shows only the price at the Fibonacci level.
- Label Size: Adjust the size of the labels (tiny, small, normal, large, huge) for optimal readability.
- Time Period Display:
- Show Time Period: Enable or disable the information box displaying the reference period.
- Size: Choose the size of the information box (tiny, small, normal, large, huge, auto).
- Positioning: Set the vertical (top, middle, bottom) and horizontal (left, center, right) position of the box.
- Color Customization: Select the background and text color of the information box to integrate it into your chart design.
📈 Why Is the Higher Reference Period Important?
The Ultimate Fibonacci Trading Tool leverages a higher reference period from the past to calculate Fibonacci levels. This approach offers several advantages:
- Deeper Market Analysis: By considering longer timeframes, you can uncover major market movements and trends that might be hidden in shorter periods.
- More Accurate Support and Resistance Levels: Higher timeframes provide more robust Fibonacci levels that are observed by many market participants.
- Better Decision-Making Foundation: With a comprehensive view of the market, you can make more informed trading decisions and minimize potential risks.
🎯 How This Tool Enhances Your Trading Strategy:
- Increased Efficiency: Automate complex calculations and save valuable time.
- Personalized Analysis: Adapt the tool to your individual needs and strategies.
- Enhanced Precision: Utilize precise Fibonacci levels to better determine entry and exit points.
- Improved Market Insight: Gain deeper understanding of market trends and structures by using higher timeframes.
🚀 Get Started Now!
Don't miss the opportunity to revolutionize your chart analysis. Integrate the Ultimate Fibonacci Trading Tool into your trading routine and benefit from more precise analyses and improved trading decisions.
Disclaimer
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
Best regards
Chervolino
Alternative Shark Harmonic Pattern [TradingFinder] ALT Shark🔵 Introduction
The Alternative Shark harmonic pattern, similar to the original Shark harmonic pattern introduced by Scott Carney, is a powerful tool in technical analysis used to identify potential reversal zones (PRZ) in financial markets.
These harmonic patterns help traders spot key turning points in market trends by relying on specific Fibonacci ratios. The Alternative Shark pattern is particularly unique due to its distinct Fibonacci retracements within the PRZ, which differentiate it from the standard Shark pattern and provide traders with more precise entry and exit signals.
By focusing on harmonic patterns and utilizing tools like the Harmonic Pattern Indicator, traders can easily identify both the Shark and Alternative Shark patterns, making it easier to find PRZs and capture potential trend reversals. This enhanced detection of potential reversal zones allows for better trade optimization and improved risk management.
Incorporating the Alternative Shark pattern into your technical analysis strategy enables you to enhance your trading performance by identifying market reversals with greater accuracy, improving the timing of your trades, and reducing risks associated with sudden market shifts.
🟣 Understanding the Types of Alternative Shark Pattern
The Alternative Shark harmonic pattern, much like the original Shark pattern, forms at the end of price trends and is divided into two types: Bullish and Bearish Alternative Shark patterns.
Bullish Alternative Shark Pattern :
This pattern typically forms at the end of a downtrend, signaling a potential reversal into an uptrend. Traders can use this pattern to identify buy entry points. The image below illustrates the core components of the Bullish Alternative Shark Pattern.
Bearish Alternative Shark Pattern :
Conversely, the Bearish Alternative Shark Pattern appears at the end of an uptrend and signals a potential reversal to a downtrend. This variation allows traders to adjust their strategies for selling. The image below outlines the characteristics of the Bearish Alternative Shark Pattern.
🟣 Differences Between Shark and Alternative Shark Patterns
Although both patterns share similar structures and serve as tools for identifying price reversals, there is one key difference between them :
AB to XA Ratio : In the Shark pattern, the AB leg retraces between 1 and 2 of the XA leg, whereas in the Alternative Shark pattern, this retracement is reduced to 0.382 to 0.618 of the XA leg. This difference in the retracement ratio leads to slightly different trade signals and can affect the timing of entry and exit points.
Other ratios and reversal signals remain consistent between the two patterns, but this difference in the AB to XA ratio provides traders with more nuanced opportunities to optimize their trades.
🔵 How to Use
🟣 Trading with the Bullish Alternative Shark Pattern
The Bullish Alternative Shark Pattern functions similarly to the traditional Bullish Shark, acting as a reversal pattern that helps traders recognize the end of a downtrend and the beginning of an uptrend.
The main distinction lies in the reduced AB retracement, which can offer more refined entry signals. Once the pattern completes, traders can look to enter buy trades and place a stop-loss below the lowest point of the pattern for effective risk management.
🟣 Trading with the Bearish Alternative Shark Pattern
The Bearish Alternative Shark Pattern operates much like the Bearish Shark pattern but with the adjusted AB to XA ratio. This difference provides traders with unique entry points for sell trades. Once the pattern is fully identified, traders can enter short positions, placing a stop-loss above the highest point of the pattern to safeguard against market fluctuations.
🔵 Setting
🟣 Logical Setting
ZigZag Pivot Period : You can adjust the period so that the harmonic patterns are adjusted according to the pivot period you want. This factor is the most important parameter in pattern recognition.
Show Valid Forma t: If this parameter is on "On" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "Off" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern.
Show Formation Last Pivot Confirm : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the latest pattern seeing and a sharp reduction in reward to risk.
Period of Formation Last Pivot : Using this parameter you can determine that the last pivot is based on Pivot period.
🟣 Genaral Setting
Show : Enter "On" to display the template and "Off" to not display the template.
Color : Enter the desired color to draw the pattern in this parameter.
LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness.
LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries.
🟣 Alert Setting
Alert : On / Off
Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar".
Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
🔵 Conclusion
The Alternative Shark harmonic pattern, despite its structural similarity to the traditional Shark pattern, introduces a key difference in the AB to XA ratio, making it a valuable addition to the trader’s toolkit. This subtle variation enables traders to pinpoint reversal points with greater accuracy and fine-tune their trading strategies.
As with any technical pattern, it is crucial to use the Alternative Shark pattern in combination with other technical indicators and strong risk management practices. Incorporating this pattern into a broader trading strategy can help traders enhance their ability to detect and capitalize on market reversals more effectively.
Motive Wave Scanner [Trendoscope®]Motive Wave Scanner is a simple algorithm to find out motive waves as per the rules of Elliott Wave theory.
It is an extension to our previous open source script Interactive Motive Wave Checklist which provides interactive capability to select six points of a five wave formation. Once users select them, the rules of motive waves are applied to manually selected points to highlight them as either diagonal wave, motive wave or none.
This indicator does the same. But, instead of requesting the pivots manually from the user, the indicator automatically picks and scans them through zigzag.
We have already published a similar script as protected source. But, due to some changes in the pine engine, there have been few issues in the runtime. In this publication, we not only address those runtime issues but also making it open source for the users to make use of the source code and enhance it further.
🎲 What are motive waves
Motive waves are strong upward or downward movement with 5 subwaves.
Motive Wave in the upward direction will start with Swing High, Ends with Swing High and consists of 3 Higher Highs and 2 Higher Lows representing strong upward trend.
Motive Wave in the downward direction will start with Swing Low, Ends with Swing low and consists of 3 Lower Lows and 2 Lower Highs representing strong downward trend.
🎲 Types of Motive Waves
Motive Waves are broadly classified by two types:
Impulse Waves
Diagonal Waves
Diagonal Waves are further classified into Contracting and Expanding Diagonals. These can fall into the category of either leading diagonal and ending diagonal.
🎲 Rules of Motive Waves
🎯 Generic Rule of any motive waves are as follows
Should consist of 5 alternating waves. (Swing High followed by Swing low and vice versa)
This can start from Swing High and end in Swing High or start from Swing Low and end in Swing Low of a zigzag.
Wave-2 should not move beyond Wave-1. This means, the Wave-2 is always shorter than Wave-1 with respect to distance between the price of start and end.
Wave-3 always moves beyond Wave-1. This means, the Wave-3 is always longer than Wave-2 in terms of price
Among Wave-1, Wave-3, and Wave-5, Wave-3 is never the shortest one. This means, either Wave-1 or Wave-5 can be longer than Wave-3 but not both. Wave-3 can also be longest among the three.
Here is the pictorial representation of the rules of the Motive Waves
For a wave to be considered as motive wave, it also needs to follow the rules of either impulse or diagonal waves.
🎯 Rules for a 5 wave pattern to be considered as Impulse Wave are:
Wave-4 never overlaps with Wave-1 price range
Wave-1, Wave-3 and Wave-5 should not be either expanding or contracting. Meaning, we cannot have Wave-1 > Wave-3 > Wave-5 , and we cannot have Wave-1 < Wave-3 < Wave-5
Pictorial representation of the impulse wave rules are as below:
🎯 Rules for the Diagonal Waves are as follows
Contrary to the first rule of impulse wave, in case of diagonal wave, Wave-4 always overlaps with Wave-1 price range. But, it will not go beyond Wave-3
Waves are progressively expanding or contracting - Wave1 > Wave3 > Wave5 and Wave2 > Wave4 to be contracting diagonal. Wave1 < Wave3 < Wave5 and Wave2 < Wave4 to be expanding diagonal wave.
Pictorial representation of the Contracting Diagonal Wave is as below. Here, the Wave-1, Wave-3 and Wave-5 are in contracting formation.
Pictorial representation of the Expanding Diagonal Wave is as below. Here, the Wave-1, Wave-3 and Wave-5 are in expanding formation.
🎲 Indicator Settings
Indicator settings are defined as below:
Repaint Warning : If Repaint is selected, the indicator will throw a runtime error after certain bars or when alerts are set. This is due to some pine internal issue. At present, we do not have any solution for this until the internal issue is resolved by Tradingview Pine Team.
FibLevel Size CalculatorThis skript calculates position sizes and new take profits for sizing into an long or short position with 3 entrys defined at custom fibonacci retracement levels.
TP: -0,272
Entry1: 0.382
Entry2: 0.618
Entry3: 0.83
SL: 1.05
Expected RR per trade is 0.2 with a High Win rate definitly profitable.
Search for an established trend on the higher timeframe, drop to the smaller ones and look for correction waves. Once they break to the trenddirection of the higher timeframe take the fib from lowest to highes point. Draw a fib level on the chart and use the Indicator to define these Levels above. The calculator gives you the Margin to use in each position, and will check that you will not get liquidated an that you have enough margin. It tells you the new TP for Limit2 and Limit3 if they get hit so you can get out of the trade full TP with a small bounce.
Inputs:
Account Balance, Risk Percentage, and Leverage: These inputs are used to calculate the position size and risk.
Entry 1, Entry 2, Entry 3, Take Profit (TP), and Stop Loss (SL): These prices are used for calculating position sizes, risk, and profit for up to three entry points.
Calculations:
Risk Amount: Calculated based on the account balance and risk percentage.
Position Sizes (Qty): For each entry point, the position size is determined. The second and third entries have a multiplier (3x for Entry 2, 5x for Entry 3) compared to the first.
Stop Loss and Profit Calculation: The script calculates the potential profit and adjusts the TP levels based on the average entries for Limit 2 and Limit 3.
Margin Calculation: Margin requirements for each position are calculated based on leverage.
Output:
Table Display: A table shows key values like entry prices, position sizes, TP levels, potential profit, and margin requirements for each limit.
Warnings: It includes a liquidation warning and a check for whether the account is at risk of liquidation based on leverage.
Position Type: It automatically detects if the trade is a long or short based on the relationship between TP and SL.
Visualization:
Lines: It draws horizontal lines on the chart to visually represent the entry, TP, and SL levels.
Overall, this script is designed to help traders manage risk and calculate position sizes for multi-level entries using leverage.
Pls drop feedback in the comments.
Probability GoldThis is a leading indicator designed for the 1 minute chart, and while it works on any time frame, I haven't tested it's practicality outside of the 1 minute chart. This uses historical data and applies statistical analysis to key metrics of momentum. The data is filtered by "time of day" as well as "day of week", but be mindful that the "day of week" option reduces your total amount of data points, and will not work well on new stocks. This indicator also uses binary/gaussian distribution concepts to create channels and pockets which act as seemingly magnetic forces. This is all speculative. Do not use this indicator on its own. This is intended to do nothing more than to show you whether if, on average, the historical data under the same time and rate of change conditions, goes for or against your trade. Use it in conjunction with your most trusted and classic indicators. This can act as a small nudge, letting you now the chances of what you have already established in your mind. This is HIGHLY experimental, made by an amateur, and also very pretty. So, enjoy!
Cypher Harmonic Pattern [TradingFinder] Cypher Pattern Detector🔵 Introduction
The Cypher Pattern is one of the most accurate and advanced harmonic patterns, introduced by Darren Oglesbee. The Cypher pattern, utilizing Fibonacci ratios and geometric price analysis, helps traders identify price reversal points with high precision. This pattern consists of five key points (X, A, B, C, and D), each playing an important role in determining entry and exit points in the financial markets.
The reversal point typically occurs in the XD region, with the Fibonacci ratio ranging between 0.768 and 0.886. This zone is referred to as the Potential Reversal Zone (PRZ), where traders anticipate price changes to occur.
The Cypher harmonic pattern is popular among professional traders due to its high accuracy in identifying market trends and reversal points. The pattern appears in two forms: bullish Cypher pattern and bearish Cypher pattern.
In the bullish Cypher pattern, after a price correction, the price moves upward, while in the bearish Cypher pattern, the price moves downward after a temporary increase. These patterns help traders use technical analysis to identify strong reversal points in the PRZ and execute more optimal trades.
Bullish Cypher Pattern :
Bearish Cypher Pattern :
🔵 How to Use
The Cypher pattern is one of the most complex and precise harmonic patterns, leveraging Fibonacci ratios to help traders identify price reversals. This pattern is comprised of five key points, each playing a critical role in determining entry and exit points.
The Cypher pattern appears in two main types :
Bullish Cypher pattern : This pattern appears as an M shape on the chart and indicates a trend reversal to the upside after a price correction. Traders can prepare for buying after identifying this pattern in technical analysis.
Bearish Cypher pattern : This pattern appears as a W shape and signals the start of a downtrend after a temporary price increase. Traders can use this pattern to enter short positions.
🟣 How to Identify the Cypher Pattern on a Chart
Identifying the Cypher pattern requires precision and the use of advanced technical analysis tools. The pattern consists of four main legs, each identified using Fibonacci ratios and geometric analysis.
To spot the Cypher pattern on a chart, first, identify the five key points : X, A, B, C, and D.
XA leg : The initial move from point X to A.
AB leg : The first correction after the XA move, where the price moves to point B.
BC leg : After the correction, the price moves upwards to point C.
CD leg : The final price move that reaches point D, where a price reversal is expected.
In a bullish Cypher pattern, point D indicates the start of a new uptrend, while in a bearish Cypher pattern, point D signals the beginning of a downtrend. Correctly identifying these points helps traders determine the best time to enter a trade.
🟣 How to Trade Using the Cypher Pattern
Once the Cypher pattern is identified on the chart, traders can use it to set entry and exit points. Point D is the key point for trade entry. In the bullish Cypher pattern, the trader can enter a long position after point D forms, while in the bearish Cypher pattern, point D serves as the ideal point for entering a short position.
🟣 Entering a Buy Trade with the Bullish Cypher Pattern
In a bullish Cypher pattern, traders wait for the price to reach point D, after which they can enter a buy position. At this point, the price is expected to start rising.
🟣 Entering a Sell Trade with the Bearish Cypher Pattern
In a bearish Cypher pattern, the trader enters a sell position at point D, expecting the price to move downward after reaching this point. For additional confirmation, traders can use technical indicators such as RSI or MACD.
🟣 Risk Management in Cypher Pattern Trades
Risk management is one of the most critical aspects of any trade, and this holds true for trading the Cypher pattern. Traders should always use stop-loss orders to prevent larger losses in case the pattern fails.
In the bullish Cypher pattern, the stop-loss is usually placed slightly below point D to exit the trade if the price continues to drop.
In the bearish Cypher pattern, the stop-loss is placed above point D to limit losses if the price rises unexpectedly.
🟣 Combining the Cypher Pattern with Other Technical Tools
The Cypher pattern is a powerful tool in technical analysis, but combining it with other methods such as price action and technical indicators can improve trading accuracy.
🟣 Combining with Price Action
Traders can use price action to confirm the Cypher pattern. Candlestick patterns like reversal candlesticks can provide additional confirmation for price reversals at point D.
🟣 Using Technical Indicators
Incorporating technical indicators such as RSI and MACD can also help traders receive stronger signals for entering trades based on the Cypher pattern. These indicators help identify overbought or oversold conditions, allowing traders to make more informed decisions.
🟣 Advantages and Disadvantages of the Cypher Pattern in Technical Analysis
Advantages :
High accuracy : The Cypher pattern, using Fibonacci ratios and geometric analysis, provides high precision in identifying reversal points.
Applicable in various markets : This pattern can be used in a wide range of financial markets, including forex, stocks, and cryptocurrencies.
Disadvantages :
Rarit y: The Cypher pattern appears less frequently on charts compared to other harmonic patterns.
Complexity : Accurately identifying this pattern requires significant experience, which may be challenging for novice traders.
🔵 Setting
🟣 Logical Setting
ZigZag Pivot Period : You can adjust the period so that the harmonic patterns are adjusted according to the pivot period you want. This factor is the most important parameter in pattern recognition.
Show Valid Forma t: If this parameter is on "On" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "Off" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern.
Show Formation Last Pivot Confirm : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the latest pattern seeing and a sharp reduction in reward to risk.
Period of Formation Last Pivot : Using this parameter you can determine that the last pivot is based on Pivot period.
🟣 Genaral Setting
Show : Enter "On" to display the template and "Off" to not display the template.
Color : Enter the desired color to draw the pattern in this parameter.
LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness.
LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries.
🟣 Alert Setting
Alert : On / Off
Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar".
Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
🔵 Conclusion
The Cypher harmonic pattern is one of the most powerful and accurate patterns used in technical analysis. Its high precision in identifying price reversal points, particularly within the Potential Reversal Zone (PRZ), has made it a popular tool among professional traders. The PRZ, located between the Fibonacci ratios of 0.768 and 0.886 in the XD region, offers traders a clear indication of where price reversals are likely to occur.
However, to use this pattern successfully, traders must employ proper risk management and combine it with supplementary tools like technical indicators and price action. By understanding how to utilize the PRZ, traders can enhance the accuracy of their trade entries and exits.
Ultimately, the Cypher pattern, when used in conjunction with the PRZ, helps traders make more precise decisions in the financial markets, leading to more successful and well-informed trades.
Qualitative and Quantitative Candlestick Score [CHE] Qualitative and Quantitative Candlestick Score
Overview
The Qualitative and Quantitative Candlestick Score is a powerful indicator for TradingView that combines both qualitative and quantitative analyses of candlestick patterns. This indicator provides traders with a comprehensive assessment of market conditions to make informed trading decisions.
Key Features
- Quantitative Analysis: Calculates a quantitative score based on the price movement of each candle.
- Qualitative Analysis: Evaluates candles based on body size, wick size, trend, and trading volume.
- Cumulative Scores: Displays cumulative green (bullish) and red (bearish) scores over a defined period.
- Trend Analysis: Identifies trend direction, strength, and provides trading recommendations (Long/Short).
- Customizable Settings: Adjust parameters for time periods, thresholds, and volume analysis.
Settings and Customizations
1. Time Period Settings:
- Period: Number of periods to calculate moving averages and cumulative scores (Default: 14).
2. Qualitative Evaluation:
- Body Size Threshold (%): Minimum size of the candle body to be considered significant (Default: 0.5%).
- Wick Size Threshold (%): Maximum size of the wicks to be considered minimal (Default: 0.3%).
3. Volume Settings:
- Include Volume in Evaluation: Whether to include trading volume in the qualitative score (Default: Enabled).
- Volume MA Period: Number of periods to calculate the moving average of volume (Default: 14).
4. Trend Settings:
- Moving Average Length: Number of periods for the Simple Moving Average used to determine the trend (Default: 50).
Calculations and Visualizations
- Quantitative Score: Difference between the closing and opening price, normalized to the opening price.
- Qualitative Score: Evaluation based on body size, wick size, trend, and volume.
- Cumulative Scores: Average of green and red scores over the defined period.
- Score Difference: Difference between cumulative green and red scores to determine trend direction.
- Trend Analysis Table: Displays trend direction, trend strength, and trading recommendation in an easy-to-read table.
Plotting and Display
- Cumulative Scores: Displays cumulative green and red scores in green and red colors.
- Score Difference: Blue line chart to visualize the difference between green and red scores.
- Zero Line: Horizontal gray line as a reference point.
- Trend Analysis Table: Table in the top right of the chart showing current trend direction, strength, and trading recommendation.
Use Cases
- Trend Identification: Use the score difference and trend analysis table to quickly assess the current market sentiment.
- Trading Recommendations: Based on the table, decide whether a long or short entry is appropriate.
- Volume Analysis: Including volume helps to better understand the strength of a trend.
Benefits
- Comprehensive Analysis: Combines quantitative and qualitative methods for a deeper market analysis.
- User-Friendly: Easy parameter adjustments allow for personalized use.
- Visually Appealing: Clear charts and tables facilitate data interpretation.
- Flexible: Adaptable to various trading strategies and timeframes.
Installation and Usage
1. Installation:
- Copy the provided Pine Script code.
- Go to TradingView and open the Pine Script Editor.
- Paste the code and save the script.
- Add the indicator to your chart.
2. Customization:
- Adjust the parameters according to your trading preferences.
- Monitor the cumulative scores and the trend analysis table for trading decisions.
Conclusion
The Qualitative and Quantitative Candlestick Score offers a comprehensive analysis of market conditions by combining quantitative and qualitative evaluation methods. With its user-friendly settings and clear visualizations, this indicator is a valuable tool for traders seeking informed and precise trading decisions.
Best regards and happy trading
Chervolino
Developed by: Chervolino
Version: 1.0
License: Free to use and customize on TradingView.
For any questions or feedback, feel free to contact me through the TradingView community.
Note: This indicator is a tool to assist with trading decisions and does not replace professional financial advice. Use it responsibly and thoroughly test it before incorporating it into your trading strategies.
Fx_Shepherd Lot Size Calculator [ALLDYN]This "Fx_Shepherd Lot Size Calculator" script is a basic yet essential tool designed for traders to calculate the appropriate lot size based on account balance, risk percentage, and stop-loss pips. It promotes disciplined risk management by ensuring that the user only risks a defined percentage of their account on each trade. The script also features a toggleable table that displays the account size, risk percentage, and calculated lot size, offering clear, real-time visualization for the user. This helps traders maintain consistency and avoid over-leveraging.
This "Fx_Shepherd Lot Size Calculator" script stands out as a unique utility for traders in several ways:
### 1. **Real-Time Lot Size Calculation**:
- The script provides an automatic, real-time calculation of the optimal lot size based on the account balance, risk percentage, and stop loss (SL) in pips. This offers traders immediate guidance on how much risk they are exposing their account to in each trade, streamlining risk management decisions.
### 2. **Dynamic Table Display**:
- The toggle-able table feature allows users to show or hide the lot size table on the chart. This makes the script non-intrusive for traders who may not want constant table overlays, providing more flexibility for chart space management.
### 3. **Customizable Inputs**:
- Inputs such as **balance**, **risk percentage**, and **stop loss** are easily configurable, allowing users to adjust the calculations to suit different trading strategies, account sizes, and risk tolerances.
- The `truncate()` function ensures the lot size is presented in a simple, rounded format, which is crucial for precise order placement and reduces the chance of errors.
### 4. **Responsive and Clean UI**:
- The table is color-coded for easy reading, with a sleek design that places key information — account size, risk percentage, and calculated lot size — in a clear, organized structure. The black background with white text for the data points improves readability, while the border and table cell colors (green and black) provide a professional look.
### 5. **Risk Management Focus**:
- The primary purpose of this script is to ensure that traders maintain consistent risk management by aligning their lot size with their defined risk per trade and stop loss distance. This automated approach to risk ensures that traders stay disciplined with risk exposure.
### 6. **Efficiency for All Trading Styles**:
- Whether a trader is scalping, day trading, or swing trading, this calculator adjusts dynamically, allowing it to be used across various timeframes and asset classes. It helps traders avoid manual calculations for each trade, thus improving efficiency and reducing human error.
### 7. **Non-Intrusive Clean-Up**:
- The feature to **clear** the table when not needed ensures the chart remains clean and decluttered when the table is hidden. This improves the user experience, especially for traders who switch between different strategies or charts.
Overall, this script combines simplicity and efficiency while being flexible enough to fit the needs of a broad spectrum of traders. Its focus on user customization, clean interface, and emphasis on risk management makes it a valuable tool for both novice and experienced traders.
Inamdar Wave - Winning Wave
The **"Inamdar Wave"**, also known as the **"Winning Wave"**, is a cutting-edge market indicator designed to help traders ride the waves of momentum and capitalize on high-probability opportunities. With its unique ability to adapt to market shifts, the Inamdar Wave ensures you're always in sync with the market's most profitable moves, making it an indispensable tool for traders looking for consistent success.
### Key Features of the "Inamdar Wave":
1. **Dynamic Market Movement Detection**:
- The **Inamdar Wave** tracks the market’s momentum and identifies clear waves of movement, allowing traders to catch both upswings and downswings with ease.
- This indicator dynamically adjusts based on price action and volatility, ensuring you're always aligned with the market’s natural flow.
- Whether the market is trending or ranging, the **Inamdar Wave** keeps you on the right path, helping you surf the market's waves effortlessly.
2. **Highly Profitable Buy/Sell Signals**:
- The **Inamdar Wave** generates precise buy and sell signals that guide you to the most profitable entry and exit points.
- Its built-in filters ensure you avoid market noise, focusing only on high-probability trades that maximize your potential for profit.
- You’ll confidently enter trades at the start of each new wave, ensuring you ride the momentum for maximum gains.
3. **Visual Wave Highlighting**:
- Color-coded zones help you easily spot bullish (upward) and bearish (downward) waves.
- Green highlights signal upward waves, while red zones indicate downward waves, making it visually simple to recognize the current market direction.
- This feature allows for quick decision-making and a clear understanding of the market's direction at a glance.
4. **Tailored for Any Market Condition**:
- Whether you’re trading a calm or highly volatile market, the **Inamdar Wave** adapts to the changing conditions, ensuring consistent performance across all environments.
- Its flexibility allows it to work seamlessly with any asset class—stocks, forex, crypto, or commodities—making it an all-in-one solution for traders.
- The **Inamdar Wave**'s real-time adjustments keep it relevant regardless of market conditions or timeframes.
5. **Real-Time Alerts**:
- Get instant alerts when a new wave begins, whether it's a buy, sell, or wave reversal.
- You’ll never miss out on a profitable opportunity with real-time notifications that keep you one step ahead of the market.
- These alerts help you act quickly, maximizing the potential of every market movement.
### Inputs:
- **Wave Period**: Customize the sensitivity of the wave detection with adjustable periods to suit your trading style.
- **Signal Source**: Choose from different price sources to fine-tune how the **Inamdar Wave** reacts to market movements.
- **Signal Strength**: Control the sensitivity of wave detection to focus on only the strongest and most profitable moves.
- **Buy/Sell Signals**: Easily toggle buy/sell signals on your chart for enhanced clarity.
- **Wave Highlighting**: Turn visual wave highlights on or off, depending on your preference.
### Use Case:
The **Inamdar Wave** is perfect for traders looking to capture the most profitable waves in any market. Whether you're a short-term scalper or a long-term trend follower, this indicator keeps you in sync with the market’s natural rhythm, ensuring that you're always riding the winning wave. With its powerful buy/sell signals and dynamic wave detection, you'll be better positioned to take advantage of market momentum and secure consistent profits.
In conclusion, the **"Inamdar Wave"** is not just another indicator—it’s your key to riding the market’s most profitable waves with precision and confidence. By following the signals and staying in tune with the market’s natural flow, you’ll be able to maximize your gains and minimize your risks, ensuring a successful trading journey.
TechniTrend: Dynamic Local Fibonacci LevelsTechniTrend: Dynamic Local Fibonacci Levels
Description: The "Dynamic Local Fibonacci Levels" indicator dynamically displays Fibonacci levels only when the market is experiencing significant volatility. By detecting volatile price movements, this tool helps traders focus on Fibonacci retracement levels that are most relevant during high market activity, reducing noise from calm market periods.
Key Features:
Adaptive Fibonacci Levels: The indicator calculates and plots Fibonacci levels (from 0 to 1) only during periods of high volatility. This helps traders focus on actionable levels during significant price swings.
Customizable Chart Type: Users can choose between Candlestick charts (including shadows) or Line charts (excluding shadows) to determine the high and low price points for Fibonacci level calculations.
Volatility-Based Detection: The Average True Range (ATR) is used to detect significant volatility. Traders can adjust the ATR multiplier to fine-tune the sensitivity of the indicator to price movements.
Fully Customizable Fibonacci Levels: Traders can modify the default Fibonacci levels according to their preferences or trading strategies.
Real-Time Volatility Confirmation: Fibonacci levels are displayed only if the price range between the local high and low exceeds a user-defined volatility threshold, ensuring that these levels are only plotted when the market is truly volatile.
Customization Options:
Chart Type: Select between "Candles (Includes Shadows)" and "Line (Excludes Shadows)" for detecting price highs and lows.
Length for High/Low Detection: Choose the period for detecting the highest and lowest price in the given time frame.
ATR Multiplier for Volatility Detection: Adjust the sensitivity of the volatility threshold by setting the ATR multiplier.
Fibonacci Levels: Customize the specific Fibonacci levels to be displayed, from 0 to 1.
Usage Tips:
Focus on Key Levels During Volatility: This indicator is best suited for periods of high volatility. It can help traders identify potential support and resistance levels that may be more significant in turbulent markets.
Adjust ATR Multiplier: Depending on the asset you're trading, you might want to fine-tune the ATR multiplier to better suit the market conditions and volatility.
Recommended Settings:
ATR Multiplier: 1.5
Fibonacci Levels: Default levels set to 0.00, 0.114, 0.236, 0.382, 0.5, 0.618, 0.786, and 1.0
Length for High/Low Detection: 55
Use this indicator to detect key Fibonacci retracement levels in volatile market conditions and make more informed trading decisions based on price dynamics and volatility.
Big 5 Checklist | XEONEDIAThe Big 5 Checklist | XEONEDIA indicator is a powerful trading tool designed to help traders prepare their trading decisions in a structured and effective manner. The indicator encompasses five key areas:
Strategy Documentation :
✅ Ensure that the trading strategy is clearly defined and documented.
✅ Conduct backtesting.
✅ Perform demo testing with an 80% success rate.
✅ Analyze trading results.
✅ Regularly refine the strategy.
Risk Management :
✅ Minimize financial losses and ensure responsible trading.
✅ Set a risk limit of 1-2%.
✅ Use stop-loss orders.
✅ Ensure a risk-reward ratio of at least 2:1.
✅ Adjust position sizes.
Technical Analysis :
✅ Evaluate charts and indicators to identify trading opportunities.
✅ Identify support and resistance levels.
✅ Use technical indicators (e.g., RSI).
✅ Set entry and exit points.
✅ Establish alerts for specific market conditions.
Market Conditions :
✅ Consider external factors that may influence trading.
✅ Monitor the economic calendar.
✅ Apply fundamental analysis.
✅ Observe market volatility.
✅ Analyze global trends.
Psychological Management :
✅ Control emotions and mindset during trading.
✅ Adhere to the trading plan.
✅ Manage emotions while trading.
✅ Set realistic expectations.
✅ Take regular mental breaks.
Mastercheck
The Mastercheck provides a digital checklist where traders can track their progress live. Users can make their own notes and view their checklist on any TradingView device, ensuring they stay informed about their trading readiness and can make adjustments in real-time. ✅
Overall, the Big 5 Checklist | XEONEDIA indicator helps minimize risks and maximize the chances of successful trades by promoting systematic and comprehensive trading preparation.
MCDX+RSI+SMA[THANHCONG]### Detailed Analysis of the MCDX+RSI+SMA Indicator
The MCDX+RSI+SMA indicator is designed to help investors conduct a deeper analysis of market trends by combining multiple technical factors into a single chart. This integration of popular indicators such as RSI, SMA, and Stochastic RSI provides investors with a comprehensive view of market movements, particularly in distinguishing between "Banker" and "Hot Money"—representing large and small capital flows.
#### Key Components of the Indicator:
1. **RSI for Banker and Hot Money:**
- **RSI (Relative Strength Index)** is a momentum oscillator that measures the speed and change of price movements, indicating overbought or oversold conditions. In this indicator, there are two distinct RSI lines configured for Banker (large capital) and Hot Money (small capital).
- Investors can adjust parameters like the RSI calculation period, baseline levels, and sensitivity for each type of capital flow, providing flexibility to adapt to varying market conditions.
2. **Moving Average (MA) of RSI:**
- The indicator employs two common types of Moving Averages: **SMA (Simple Moving Average)** and **EMA (Exponential Moving Average)**. These help smooth the RSI signals for Banker, offering a clearer view of the long-term trend of large capital in the market.
- Investors can select the type and period of the MA, allowing them to optimize the indicator for their trading style.
3. **Stochastic RSI:**
- The **Stochastic RSI** is incorporated to monitor overbought and oversold conditions over a specified timeframe. Parameters related to %K and %D of the Stochastic can also be adjusted to refine the accuracy of market signal analysis.
- A notable feature is the normalization of %K and %D on a 0-20 scale, making these lines compatible with other RSI charts, thus providing consistency in evaluating market strength.
4. **Overbought and Oversold Levels:**
- The indicator includes reference lines for overbought and oversold levels, aiding investors in identifying potential reversal zones in the market. This helps to avoid buying at excessively high prices or selling at excessively low prices.
#### Benefits for Investors:
- **Comprehensive View:** The indicator combines insights from both large (Banker) and small (Hot Money) capital flows, enabling investors to analyze not just trends but also the participation of each type of capital in the market.
- **Enhanced Technical Analysis:** By integrating multiple technical indicators within a single chart, investors can track important factors such as market momentum, overbought/oversold conditions, and capital flow shifts without needing to switch between various charts.
- **Flexibility and Customization:** The indicator allows adjustment of key parameters like the RSI period, sensitivity, type of MA, and Stochastic RSI settings, enabling investors to tailor the indicator to their trading strategy and timeframe.
- **Higher Reliability:** The combination of indicators like RSI, Stochastic RSI, and MA helps investors confirm trading signals more confidently. For instance, when both RSI and Stochastic RSI indicate overbought conditions, the likelihood of a reversal may be higher, reducing risk for investors.
#### Unique Features of the Indicator:
The MCDX+RSI+SMA indicator is a unique tool that integrates various market analysis factors into a single framework. This not only provides investors with a complete view of capital flows but also aids in optimizing decision-making based on multiple market aspects. Furthermore, its customizable parameters make it suitable for various trading strategies, from short-term to long-term.
Absolute ZigZagThis ZigZag Indicator is a bit unique in it's kind.
It uses my own Absolute ZigZag Lib to calculate the pivots:
Instead of using percentages or looking more than 1 bar left or right, this Zigzag library calculates pivots by just looking at the current bar highs and lows and the ones of one bar earlier. This is a very fast and accurate way of calculating pivots.
The library also features a solution for bars that have both a higher high and a higher low like seen below.
You can also use your own colors for the labels and the lines:
You can also quickly select a one-colored theme without changing all colors at once:
Market Structure Inducements ICT [TradinFinder] CHoch BOS Sweeps🔵 Introduction
Market Structure is the foundation for identifying trends in the market, crucial in technical analysis and strategies like ICT and SMC. Understanding key concepts such as Break of Structure (BOS) and Change of Character (CHOCH) helps traders recognize critical shifts in the market. BOS, referring to a Market Structure Change (BMS), and CHOCH or Market Structure Shift (MSS) signal trend reversals in the market.
Additionally, the concept of Inducement, a vital tool in Smart Money strategies, allows traders to avoid price traps. Identifying valid pullback, valid inducement, POI, and Liquidity Grab helps traders find optimal entry and exit points and leverage Smart Money movements effectively.
Bullish Market Structure :
Bearish Market Structure :
🔵 How to Use
The Market Structure indicator is designed to help traders better understand market structure and detect price traps. By using this indicator, you can identify the right entry and exit points based on structural changes in the market and avoid unprofitable trades. Below, we explain the key concepts and how to apply them in trading.
🟣 Market Structure
Market Structure refers to the overall pattern of price movement in the market. Using this indicator, traders can identify uptrends and downtrends and make better trading decisions based on changes in market structure. The two key concepts here are Break of Structure (BOS) and Change of Character (CHOCH).
Change of Character (CHOCH) : CHOCH occurs when the market shifts from an uptrend to a downtrend or vice versa. These changes typically indicate a broader trend reversal, and the indicator assists you in identifying them accurately.
Break of Structure (BOS) : When the market breaks a key support or resistance level, it signals a change in market structure. This indicator helps you identify these breakouts in time and take advantage of trading opportunities.
🟣 Inducement
Inducement refers to price traps set by Smart Money to trick retail traders into making the wrong trades. This indicator helps you recognize these traps and avoid unprofitable trades.
Valid Inducement : Valid Inducement refers to deliberately created price traps by major market players to gather liquidity from retail traders. Once the market has collected sufficient liquidity, it makes the real move, and professional traders use this moment to enter.
🟣 Valid Pullback
A Valid Pullback refers to a temporary market retracement, indicating a price correction within the main trend. This concept is crucial in technical analysis as it helps traders enter trades at the right time and profit from the continuation of the trend. The Market Structure indicator can identify these valid retracements, allowing traders to enter trades with greater confidence.
🟣 Point of Interest (POI)
Another important concept in market analysis is the Point of Interest (POI), referring to key price areas on the chart. POI includes zones where significant price movements are likely to occur. The Market Structure indicator helps you locate these key points and use them as entry signals for trades.
🟣 Liquidity Grab
Liquidity Grab refers to a scenario where the market intentionally moves to areas where retail traders' stop losses are placed. The goal is to gather liquidity, allowing major players to execute trades at better prices. By using this indicator, you can spot these liquidity grabs and avoid falling into price traps.
🔵 Setting
ChoCh Detector Period : The period of identifying the major market levels that occur when they break ChoCh.
BoS & Liquidity Detector Period : The period of identifying minor levels, which are used to identify BoS and Liquidity levels.
Inducement Detector Period : The period of identification of Inducement levels.
Fast Trend Detector : This feature will help you update the major market structure levels sooner.
Inducement Type Detector : Two modes "Sweeps" and "Total" can be used to identify the levels of Inducement. In "Sweeps" mode only Levels detected by touch shadow. In "Total" mode, all Levels are detected.
🔵 Conclusion
In financial market analysis and forex trading, identifying Market Structure and Inducement is crucial. Market Structure helps you detect uptrends and downtrends, and understand Break of Structure (BOS) and Change of Character (CHOCH). The concept of Inducement also enables traders to spot Smart Money price traps and avoid unprofitable trades.
The Market Structure indicator is a powerful tool that, by analyzing the market structure and concepts like valid pullback and valid inducement, helps you make more precise trade entries. Additionally, by identifying POI and Liquidity Grab, the indicator gives you the ability to spot key market zones and use them to your advantage in trading.
Custom Buy BID StrategyThis Pine Script strategy is designed to identify and capitalize on upward trends in the market using the Average True Range (ATR) as a core component of the analysis. The script provides the following features:
Customizable ATR Calculation: Users can switch between different methods of ATR calculation (traditional or simple moving average).
Adjustable Parameters: The strategy allows for adjustable ATR periods, ATR multipliers, and custom time windows for executing trades.
Buy Signal Alerts: The strategy generates buy signals when the market shifts from a downtrend to an uptrend, based on ATR and price action.
Profit and Stop-Loss Management: Built-in take profit and stop-loss conditions are calculated as a percentage of the entry price, allowing for automatic position management.
Visual Enhancements: The script highlights the uptrend with green lines and optionally colors bars to help visualize market direction.
Flexible Timeframe: Users can configure a specific date range to activate the strategy, offering more control over when trades are executed.
This strategy is ideal for traders looking to automate their buy entries and manage risk with a straightforward trend-following approach. By utilizing customizable settings, it adapts to various market conditions and timeframes.
[BRAIN] Absolute Volatility of Price
Hello traders!
Today I want to share with you a series of scripts and strategies that I developed a few years ago. This is one of my first works, born from the curiosity of seeing a candlestick representation in a different way, without considering the price movement along the y-axis.
Imagine observing the price movement in dollars and percentages, always starting from the same reference point: the 0 axis. This approach can offer new insights and ideas on how and how much prices move.
To explain it better, the open of each candle does not start from the previous close negotiations but always starts from the 0 axis . In this way, it is possible to clearly compare the bodies of the candles with each other.
Script Visualization Methods and Input
- Study Normal: Simply reports the prices, including the negative ones of the red candles, on the same scale in absolute terms (ABS), as shown in the first indicator above.
- Study Normal Neg: In this version, the red candles vary negatively below zero, instead of in absolute terms above zero, as shown in the second indicator above.
- Study Perc: Similar to "Study Normal" but uses percentage values instead of dollars, useful for very low timeframes and low variations with many decimals, such as 1 minute on EUR/USD.
- Study Perc Neg: Similar to "Study Normal Neg" but uses percentage values.
Additionally, I have added the possibility to display or not, through two buttons, an average of the candle bodies adjustable in length via input and the range of each candle, always correlated in dollars or percentages, as per the main study setting.
I hope this work can be useful to many of you. I invite you to like if you appreciate my scripts and want to see more like these. Do not hesitate to comment or contact me for any doubts or questions.
PS: If you notice that in the script the sum of the percentage values between the shadow and the body of the candle does not correspond to the range, it is only a rounding issue. Change the precision setting to a lower value and you will see that the rounding disappears.
PS: In the script, to better visualize the percentage growth and decline of the instrument on very high timeframes, I decided to represent it as follows:
- If close ≥ open: (high - low) / low * 100
- If close < open: (high - low) / high * 100
The same method is also applied for calculating the percentage variations of the shadows relative to themselves.
I hope you like this version! If you need any further modifications or adjustments, let me know. Good luck with your project!
(In the photos below I show 3 versions of the indicator open on 3 different tickers as an example: from top to bottom in the 3 indicators are set these Study: Study Normal, Study Perc and Study Perc Neg)
Volume Wave Trend ConfirmationUtility of the Indicator
The core utility of this indicator lies in its ability to utilize volume, a less frequently exploited metric in MACD analysis, providing several strategic advantages:
Trend Confirmation: By focusing on volume, the indicator confirms whether movements in price are backed by significant trading activity. A rising MACD line above the signal line, paired with increasing volume, can confirm the strength of an uptrend. Conversely, if the histogram turns negative while the MACD line falls below the signal line during a price drop, it confirms a robust downtrend.
Early Warning Signals: Changes in the histogram and divergences between the MACD and Signal lines can serve as early warnings of potential reversals or slowdowns in market momentum. For instance, a shrinking histogram in an uptrend might suggest that the upward movement is losing steam.
Market Sentiment: The integration of volume into the MACD framework allows the indicator to provide insights into underlying market sentiment. Higher volumes during price movements indicate stronger conviction among traders, making the trend more reliable.
Indicator Functionality
The "Volume Wave Trend Confirmation" indicator is built on the Moving Average Convergence Divergence (MACD) framework, but with a unique twist: it uses the smoothed moving averages (SMA) of trading volumes instead of price. The indicator calculates two specific SMAs of the volume — a shorter 33-period SMA and a longer 100-period SMA — and computes their difference. This difference is then used as the input for the MACD calculation, with typical parameters set at 12, 26, and a signal line of 9.
MACD Line (Blue): Represents the main line, calculated as the difference between the 12-period and 26-period exponential moving averages (EMA) of the volume difference.
Signal Line (Orange): A 9-period EMA of the MACD line, acting as a trigger for buy or sell signals.
Histogram (Blue/Purple): Measures the distance between the MACD line and the Signal line, colored blue when positive (above the Signal line) and purple when negative (below the Signal line).
DCA, Support and Resistance with RSI and Trend FilterThis script is based on
script from Kieranj with added pyramiding and DCA
The buy condition (buyCondition) is triggered when the RSI crosses above the oversold threshold (ta.crossover(rsi, oversoldThreshold)), the trend filter confirms an uptrend (isUptrend is true), and the close price is greater than or equal to the support level (close >= supportLevel).
The partial sell condition (sellCondition) is triggered when the RSI crosses below the overbought threshold (ta.crossunder(rsi, overboughtThreshold)) and profit goal is reached, the trend filter confirms a downtrend (isUptrend is false), and the close price is less than or equal to the resistance level (close <= resistanceLevel).
Full sell will be triggered if trend is broken and profit goal is reached
With this implementation, the signals will only be generated in the direction of the trend on the 4-hour timeframe. The trend is considered up when the 50-period SMA is below the 200-period SMA (ta.sma(trendFilterSource, 50) < ta.sma(trendFilterSource, 200)).
Pyramiding should be activated, values like 100, so every DCA step should be around 1%
i have best results on 5 min charts
Gaussian Filter [BigBeluga]The Gaussian Filter - BigBeluga indicator is a trend-following tool that uses a Gaussian filter to smooth price data and identify directional shifts in the market. It provides dynamic signals for entering and exiting trades based on trend changes, helping traders stay aligned with the market's momentum. What sets this indicator apart is its ability to display precise entry and exit points with real-time tracking of percentage price changes, making it ideal for trend-based strategies.
SP500:
NIFTY50:
🔵 KEY FEATURES & USAGE
◉ Gaussian Filter Trend Line:
//@function GaussianFilter is used for smoothing, reducing noise, and computing derivatives of data.
//@param src (float) The source data (e.g., close price) to be smoothed.
//@param params (GaussianFilterParams) Gaussian filter parameters that include length and sigma.
//@returns (float) The smoothed value from the Gaussian filter.
gaussian_filter(float src, params) =>
var float weights = array.new_float(params.length) // Array to store Gaussian weights
total = 0.0
pi = math.pi
for i = 0 to params.length - 1
weight = math.exp(-0.5 * math.pow((i - params.length / 2) / params.sigma, 2.0))
/ math.sqrt(params.sigma * 2.0 * pi)
weights.set(i, weight)
total := total + weight
for i = 0 to params.length - 1
weights.set(i, weights.get(i) / total)
sum = 0.0
for i = 0 to params.length - 1
sum := sum + src * weights.get(i)
sum
The core functionality of the Gaussian Filter line is to show trend direction. When the trend line increases four times consecutively, it indicates an uptrend signal. Similarly, if it decreases four times in a row, it signals a downtrend. The smoothness of the filter helps traders stay on the right side of the market by filtering out noise and emphasizing the dominant trend direction.
◉ Entry and Exit Levels with Real-Time Price and Performance Data:
Each time the indicator detects a trend change, it plots an entry or exit level on the chart. For an uptrend, an entry level is marked, and for a downtrend, an exit level is plotted. These levels display the price at the time of the signal.
While the trend is ongoing, the indicator tracks the percentage change in price from the initial entry or exit signal to the current bar, updating in real-time. When a trend concludes, it displays the total percentage change from the entry or exit point to the trend's end. This feature provides valuable insights into how much the price has moved during each trend phase and allows traders to monitor the performance of each trade.
◉ Color-Coded Candlestick Representation with Trend Shift Alerts:
In addition to coloring the candlesticks based on the trend direction, the indicator also uses gray candles to highlight potential early trend shifts. For example, if the Gaussian Filter detects a downtrend but the price moves above the filter line, the candles turn gray, signaling a possible reversal or shift in momentum. Similarly, in an uptrend, if the price moves below the Gaussian Filter line, the candles turn gray as an early indication of potential bearish momentum. This visual cue helps traders stay alert to possible faster shifts in market direction, allowing for quicker decision-making.
🔵 CUSTOMIZATION
Length and Sigma for Gaussian Filter:
Adjust the length and sigma parameters to control how the Gaussian Filter smooths the price data. A longer length provides smoother trend lines, while adjusting sigma can fine-tune the level of smoothing applied.
Levels Display and Candle Coloring:
You can toggle the visibility of entry and exit levels as well as enable or disable the dynamic coloring of candlesticks based on the trend direction. The additional gray color setting provides an extra layer of information, allowing you to spot potential trend reversals early.
🔵 CONCLUSION
The Gaussian Filter indicator is a powerful tool for identifying and following market trends. By providing clear entry and exit signals, along with real-time tracking of price changes, it gives traders a structured way to manage trades and monitor performance. The color-coded candles, including gray to highlight possible trend shifts, add another dimension to visualizing market dynamics. The added flexibility of customizing colors and trend levels makes it a versatile indicator suitable for both trend-following and reversal strategies.
COMBINED EMA & SMA + DOUBLE DEMA, $TOTAL 1W / 5D -- Ruslan CRYPTOCAP:TOTAL
This Pine Script indicator, **"EMAS"**, provides an enhanced visualization of multiple types of moving averages, including both **Exponential Moving Averages (EMA)**, **Simple Moving Averages (SMA)**, and **Double Exponential Moving Averages (DEMA)**. It allows the user to observe the relationship between these different types of moving averages and apply regime-based coloring to price bars based on the comparison between the EMAs and DEMAs.
#### Key Features:
1. **EMA & SMA:**
- **EMA (Exponential Moving Average):** Calculated using a customizable lookback period (default 17), the EMA places greater weight on more recent prices, making it react faster to price changes.
- **SMA (Simple Moving Average):** Uses an equal-weighted average over a customizable lookback period (default 14), providing a slower-moving average compared to the EMA.
2. **DEMA (Double Exponential Moving Average):**
- Two separate DEMA lines are plotted using different lookback periods (default 2 and 14). The DEMA is a smoother and faster-responding version of the EMA, intended to reduce lag while retaining trend-following characteristics.
3. **Combined Signals:**
- The script calculates ratios between EMA/SMA (`comb`) and DEMA1/DEMA2 (`combd`) to generate a **regime-based bar coloring system**:
- If `combd > comb`: The bars are colored **green**, indicating that DEMAs are outperforming the EMAs, potentially signaling a stronger trend or momentum.
- If `comb > combd`: The bars are colored **red**, suggesting that the EMAs are dominant, which may indicate a different phase of the market.
4. **Signal SMA:**
- A 21-period **SMA** is plotted as a general trend-following signal. It provides a broader perspective on the current price trend, helping to smooth out short-term fluctuations.
5. **Customizable Options:**
- **"Show MAs?"**: The user has the option to toggle the display of the EMA, SMA, and DEMA lines on or off.
- **Custom Period Inputs**: Each type of moving average can have its period length customized via the input settings for better adaptability to different market conditions.
#### How to Use the Indicator:
- **Trend Following**:
The **EMA, SMA, and DEMA** values can help you determine the direction of the trend. When the EMA is above the SMA, it could indicate a stronger, more recent upward momentum. Similarly, DEMA comparisons provide smoother and faster trend signals.
- **Bar Coloring Regime**:
The **bar color** gives a quick visual cue of the regime:
- **Green bars** suggest that DEMAs are indicating stronger bullish or bearish signals compared to the EMAs.
- **Red bars** imply the opposite, where EMAs may be showing stronger signals, but possibly with more noise or lag.
- **Signal SMA**:
The **21-period SMA** line can be used as a simple trend indicator. When the price is above this line, it could signify an uptrend, while price movement below the line might indicate a downtrend.
#### Custom Inputs:
- **EMA Length**: Default is 17, but can be adjusted to fit your trading style.
- **SMA Length**: Default is 14.
- **DEMA Lengths**: Two customizable inputs for DEMA (default 2 and 14).
- **Source Selection**: You can choose which price source (close, open, high, low, etc.) to use for each calculation (default is the closing price).
#### Conclusion:
This indicator is useful for traders who wish to blend **trend-following strategies** (using EMA, SMA, and DEMA) with **visual regime indicators** (bar coloring). It is highly customizable, allowing traders to adjust settings based on their market approach. The combination of EMAs and DEMAs provides a nuanced view of price dynamics, potentially leading to better-informed trading decisions.
GKD-C Wavelet Oscillator [Loxx]The Giga Kaleidoscope GKD-C Wavelet Oscillator is a Confirmation module included in AlgxTrading's "Giga Kaleidoscope Modularized Trading System."
█ GKD-C Wavelet Oscillator, a brief overview
The Wavelet Oscillator is an advanced technical analysis tool that integrates wavelet transformations with the Kalman filter to provide a nuanced understanding of market trends and momentum. At the heart of this oscillator is the Haar wavelet transform, a mathematical technique that breaks down price data into different frequency components. The Haar transform works by analyzing the price series in pairs, calculating the average and difference between adjacent data points, effectively separating the underlying signal (trend) from noise or minor fluctuations. This decomposition allows the oscillator to isolate significant price movements and reconstruct them with greater clarity through the inverse Haar transform. The Kalman filter is then applied to further smooth the signal, refining the data and reducing the impact of short-term volatility.
This process enhances the oscillator's ability to detect subtle shifts in market dynamics that might be missed by conventional indicators. The GKD-C Wavelet Oscillator utilizes these refined signals to generate two types of trading signals: Zero-line crosses, where the oscillator moves above or below a central reference point, indicating potential bullish or bearish momentum, and Signal crosses, where the current oscillator value crosses its previous value, signaling possible trend reversals. These features make the Wavelet Oscillator particularly effective in identifying key turning points in the market, providing traders with a powerful tool for anticipating and responding to changes in price momentum within the GKD trading system. (Read the sections below to learn how traders can test these different signal types using AlgxTrading's GKD trading system.)
GKD-C Wavelet Oscillator in Zero-line crosses mode
GKD-C Wavelet Oscillator in Signal crosses mode
To explain the features included in the GKD-C Wavelet Oscillator, let's first dive into the details of the Giga Kaleidoscope (GKD) Modularized Trading System.
█ Giga Kaleidoscope (GKD) Modularized Trading System
The GKD Trading System is a comprehensive, algorithmic trading framework from AlgxTrading, designed to optimize trading strategies across various market conditions. It employs a modular approach, incorporating elements such as volatility assessment, trend identification through a baseline, multiple confirmation strategies for signal accuracy, and volume analysis. Key components also include specialized strategies for entry and exit, enabling precise trade execution. The system allows for extensive backtesting, providing traders with the ability to evaluate the effectiveness of their strategies using historical data. Aimed at reducing setup time, the GKD system empowers traders to focus more on strategy refinement and execution, leveraging a wide array of technical indicators for informed decision-making.
🔶 Core components of a GKD Algorithmic Trading System
Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, GKD-M, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD system. The GKD algorithm is built on the principles of trend, momentum, and volatility. There are eight core components in the GKD trading algorithm:
🔹 Volatility - In the GKD trading system, volatility is used as a part of the system to help determine the appropriate stop loss and take profit levels for a trade. There are 17+ different types of volatility available in the GKD system including Average True Range (ATR), True Range Double (TRD), Close-to-Close, Garman-Klass, and more.
🔹 Baseline (GKD-B) - The baseline is essentially a moving average and is used to determine the overall direction of the market. The baseline in the GKD trading system is used to filter out trades that are not in line with the long-term trend of the market. The baseline is plotted on the chart along with other GKD indicators.
Trades are only taken when the price is in the same direction as the baseline. For example, if the baseline is sloping upwards or price is above the baseline, then only long trades are taken, and if the baseline is sloping downwards or price is below the baseline, then only short trades are taken. This approach helps to ensure that trades are in line with the overall trend of the market, and reduces the risk of entering trades that are likely to fail.
🔹 Confirmation 1, Confirmation 2, Continuation (GKD-C) - The GKD trading system incorporates technical confirmation indicators for the generation of its primary long and short signals, essential for its operation.
The GKD trading system distinguishes three specific categories. The first category, Confirmation 1, encompasses technical indicators designed to identify trends and generate explicit trading signals. The second category, Confirmation 2, a technical indicator used to identify trends; this type of indicator is primarily used to filter the Confirmation 1 indicator signals; however, this type of confirmation indicator also generates signals*. Lastly, the Continuation category includes technical indicators used in conjunction with Confirmation 1 and Confirmation 2 to generate a special type of trading signal called a "Continuation"
In a full GKD trading system all three categories generate signals. (see the section “GKD Trading System Signals” below)
🔹 Volatility/Volume (GKD-V) - Volatility/Volume indicators are used to measure the amount of buying and selling activity in a market. They are based on the trading Volatility/Volume of the market, and can provide information about the strength of the trend. In the GKD trading system, Volatility/Volume indicators are used to confirm trading signals generated by the various other GKD indicators. In the GKD trading system, Volatility is a proxy for Volume and vice versa.
Volatility/Volume indicators reduce the risk of false signals and improve the overall profitability of trades. These indicators can provide additional information about the market that is not captured by GKD-C confirmation and GKD-B baseline indicators.
🔹 Exit (GKD-E) - The exit indicator in the GKD system is an indicator that is deemed effective at identifying optimal exit points. The purpose of the exit indicator is to identify when a trend is likely to reverse or when the market conditions have changed, signaling the need to exit a trade. By using an exit indicator, traders can manage their risk and prevent significant losses.
🔹 Backtest (GKD-BT) - The GKD-BT backtest indicators link all other GKD-C, GKD-B, GKD-E, GKD-V, and GKD-M components together to create a GKD trading system. GKD-BT backtests generate signals (see the section “GKD Trading System Signals” below) from the confluence of various GKD indicators that are imported into the GKD-BT backtest. Backtest types include: GKD-BT solo and full GKD backtest strategies used for a single ticker; GKD-BT optimizers used to optimize a single indicator or the full GKD trading system; GKD-BT Multi-ticker used to backtest a single indicator or the full GKD trading system across up to ten tickers; GKD-BT exotic backtests like CC, Baseline, and Giga Stacks used to test confluence between GKD components to then be injected into a core GKD-BT Multi-ticker backtest or single ticker strategy.
🔹 Metamorphosis (GKD-M)** - The concept of a metamorphosis indicator involves the integration of two or more GKD indicators to generate a compound signal. This is achieved by evaluating the accuracy of each indicator and selecting the signal from the indicator with the highest accuracy. As an illustration, let's consider a scenario where we calculate the accuracy of 10 indicators and choose the signal from the indicator that demonstrates the highest accuracy.
The resulting output from the metamorphosis indicator can then be utilized in a GKD-BT backtest by occupying a slot that aligns with the purpose of the metamorphosis indicator. The slot can be a GKD-B, GKD-C, GKD-E, or GKD-V slot, depending on the specific requirements and objectives of the indicator. This allows for seamless integration and utilization of the compound signal within the GKD-BT framework.
*(see the section “GKD Trading System Signals” below)
**(not a required component of the GKD algorithm)
🔶 What does the application of the GKD trading system look like?
Example trading system:
Volatility: Average True Range (ATR) (selectable in all backtests and other related GKD indicators)
GKD-B Baseline: GKD-B Multi-Ticker Baseline using Hull Moving Average
GKD-C Confirmation 1: GKD-C Advance Trend Pressure
GKD-C Confirmation 2: GKD-C Dorsey Inertia
GKD-C Continuation: GKD-C Stochastic of RSX
GKD-V Volatility/Volume: GKD-V Damiani Volatmeter
GKD-E Exit: GKD-E MFI
GKD-BT Backtest: GKD-BT Multi-Ticker Full GKD Backtest
GKD-M Metamorphosis: GKD-M Baseline Optimizer
**all indicators mentioned above are included in the same AlgxTrading package**
Each module is passed to a GKD-BT backtest module. In the backtest module, all components are combined to formulate trading signals and statistical output. This chaining of indicators requires that each module conform to AlgxTrading's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the various indictor types in the GKD algorithm.
🔶 GKD Trading System Signals
🔹 Standard Entry requires a sequence of conditions including a confirmation signal from GKD-C, baseline agreement, price criteria related to the Goldie Locks Zone, and concurrence from a second confirmation and volatility/volume indicators.
🔹 1-Candle Standard Entry introduces a two-phase process where initial conditions must be met, followed by a retraction in price and additional confirmations in the subsequent candle, including baseline, confirmations 1 and 2, and volatility/volume criteria.
🔹 Baseline Entry focuses on signals generated by the GKD-B Baseline, requiring agreement from confirmation signals, specific price conditions within the Goldie Locks Zone, and a timing condition related to the confirmation 1 signal.
🔹 1-Candle Baseline Entry mirrors the baseline entry but adds a requirement for a price retraction and subsequent confirmations in the following candle, maintaining the focus on the baseline's guidance.
🔹 Volatility/Volume Entry is predicated on signals from volatility/volume indicators, requiring support from confirmations, price criteria within the Goldie Locks Zone, baseline agreement, and a timing condition for the confirmation 1 signal.
🔹 1-Candle Volatility/Volume Entry adapts the volatility/volume entry to include a phase of initial signal and agreement, followed by a retracement phase that seeks further agreement from the system's components in the subsequent candle.
🔹 Confirmation 2 Entry is based on the second confirmation signal, requiring the first confirmation's agreement, specific price criteria, agreement from volatility/volume indicators, and baseline, with a timing condition for the confirmation 1 signal.
🔹 1-Candle Confirmation 2 Entry adds a retracement requirement to the confirmation 2 entry, necessitating additional agreements from the system's components in the candle following the signal.
🔹 PullBack Entry initiates with a baseline signal and agreement from the first confirmation, with a price condition related to volatility. It then looks for price to return within the Goldie Locks Zone and seeks further agreement from the system's components in the subsequent candle.
🔹 Continuation Entry allows for the continuation of an active position, based on a previously triggered entry strategy. It requires that the baseline hasn't crossed since the initial trigger, alongside ongoing agreements from confirmations and the baseline.
█ GKD-C Wavelet Oscillator, a deep dive
Now that you have a basic understanding of the GKD trading system. let's dive deeper into the features included in the GKD-C Wavelet Oscillator
🔶 GKD-C Wavelet Oscillator Modes aka "Confirmation Type"
The GKD-C Wavelet Oscillator has 4 modes: Confirmation for confirmation 1 and 2; Continuation; Multi-ticker for multi-ticker confirmation 1 and 2; and Optimizer.
🔹 Confirmation: When in this mode, the GKD-C Wavelet Oscillator generates confirmation 1 and 2 signals. These values can then be exported to a GKD-BT backtest strategy.
Signal Key: L = Long, S = Short
GKD-C Wavelet Oscillator in Confirmation mode
Confirmation Exports
GKD-C Wavelet Oscillator in attached to a GKD-BT backtest strategy
**the backtest data rendered to the chart above uses $5 commission per trade and 10% equity per trade with $1 million initial capital. Each backtest result for each ticker assumes these same inputs. The results are NOT cumulative, they are separate and isolated per ticker and trading side, long or short**
🔹 Continuation: When in this mode, the GKD-C Wavelet Oscillator generates continuation signals.
Signal Key: L = Long, S = Short, CL = Continuation Long, CS = Continuation Short
GKD-C Wavelet Oscillator in Continuation mode
Continuation Exports
🔹 Multi-ticker: When in this mode, the GKD-C Wavelet Oscillator generates multi-ticker confirmation 1 and 2. This mode allows users to generate confirmation 1 and 2, and continuation signals for up to 10 different tickers. These values can then be exported to a GKD-BT Multi-ticker backtest.
Signal Key: L = Long, S = Short
GKD-C Wavelet Oscillator in Multi-ticker mode
Multi-ticker Exports
GKD-C Wavelet Oscillator attached to the GKD-BT Multi-ticker SCS Backtest
**the backtest data rendered to the chart above uses $5 commission per trade and 10% equity per trade with $1 million initial capital. Each backtest result for each ticker assumes these same inputs. The results are NOT cumulative, they are separate and isolated per ticker and trading side, long or short**
🔹 Optimizer: When in this mode, the GKD-C Wavelet Oscillator generates optimization signals. These signals allow the user to backtest a range of input values. These values are exported to a GKD-BT optimizer backtest.
Signal Key: L = Long, S = Short
GKD-C Wavelet Oscillator in Optimizer mode
Optimizer Inputs and Exports
GKD-C Wavelet Oscillator attacked to the GKD-BT Optimizer SCS Backtest
**the backtest data rendered to the chart above uses $5 commission per trade and 10% equity per trade with $1 million initial capital. Each backtest result for each ticker assumes these same inputs. The results are NOT cumulative, they are separate and isolated per ticker and trading side, long or short**
█ Conclusion
The GKD-C Wavelet Oscillator serves as a multi-modal component of the GKD trading system allowing traders to optimize and backtest acorss a range of input parameters and tickers. These features decrease total build time required to create a custom GKD algorithmic trading system by allowing users to spend more time trading and less time guessing.
█ How to Access
You can see the Author's Instructions below to learn how to get access.
