FUTURES ScalpV2 PROTECHFUTURES ScalpV2 PROTECH system
This indicator is built specifically for fast trading i.e. scalping/intraday in the commodity market or futures market. It uses an indicator instrument consisting of ATR TRAILING STOP (ATR), EXPONENTIAL MOVING AVERAGE, PIVOT POINT, and FIBONACCI.
Rebuild of Instrument & Parameter
This indicator is also an upgraded instrument that is sourced from the previous indicator, the COMPLETELY FCPO INDICATOR.
This R&D of course to make trading activities more effective, dynamic and to increase the confidence of traders in current trading activities. The indicator has been upgraded in terms of parameters as well as additional instruments. Among them are;
1. ATR Trailing Stop
2. Exponential Moving Average – fastMA/slowMA Length
3. Label@Entry Price/Stoploss/Takeprofit line
>The best timeframe is 3 minutes
>The take profit and stop loss rates are based on percentages. However
traders can change the percentage rate according to their respective
trading plans.
>existing percentage rates have been set(build-in) specifically for the FCPO
market. So you have to reset for other markets.
>The candle/bars have been colored to make it easier for traders to see price
trends whether in bullish or bearish conditions.
The original instrument has been retained but changed in terms of display & facelift features.
The original indicator (COMPLETELY FCPO INDICATOR) still remains in use and can used together. Hopefully with the combination of these indicators will make traders more successful in trading activities, especially in the futures market.
DISCLAIMER;
ALL NOTES AND INDICATING TOOLS ARE FOR EDUCATIONAL ONLY AND AS A FACILITATOR AND PREPARATION IN TRADING ACTIVITIES. ADMIN IS NOT RESPONSIBLE FOR ANY RISKS IN YOUR TRADING ACTIVITIES. TAKE AT YOUR OWN RISK.
FunTrader/Aieyee @2022
Breakout
MM Chop Filter Range BoxesMatch with the MM Chop Filter
This draw Non repainting range boxes when the oscillator see a range.
-Breakout Buy/Sell Signals and Exit signals when prices enters a range just in case you did get into a trade. .
-Alarms to match the signals
How to use
Match with the oscillator and always trade the trend with your strategy confirmation and the breakout this indicator provides
MM Chop FilterBased On the "Chop and explode Indicator by fhenry0331
We Updated to Pine 5
- Added break out alerts and Signals
-Customize thresholds
How To use
when the line is blue confirmed Buy
Line is Red confirmed Sell
ALWAYS use in confirmation with your strategy and Trade with the trend.
Match with the on chart version for best results
Support and Resistance Lines [Swastik]This indicator plots support and resistance lines automatically on the basis of the pivots created by the swings in the market.
You can increase the swing sensitivity if you want it to detect only larger swings.
There is a range drawn around the support and resistance lines based on the volatility of the market.
This works on every timeframe and the lines are drawn on the basis of swings in that timeframe .
This does not repaints and you can use it freely.
Inside Breakout PerQuantumCoin Premium Indicator (strategy)HOW IT WORKS:
- The Inside Breakout gives signals on the chart on the breakout of inside bar chart pattern;
- It allows to trade trend or counter-trend signals;
- Computes intrinsic values to access the strength of the Buy/Sell signal;
- Allows users to adjust their own settings, adapting the signals produced;
- These signals can be also set up as Alerts;
- The indicator has a few custom features that allows users to filter out signals using multi-timeframe trend indicator and to keep tracking positions so that one can only get new signals when they reserve position;
This Strategy version is meant to be a companion to the main indicator in order to backtest your SLT/TP settings with different instruments and adapt results.
Please NOTE:
Results may vary depending on TP/SL settings. Also, previous performance is not a indicator for future results.
Smarter SNR (Support and Ressistance, Trendline, MTF OSC)Built with love "Smarter SNR (Support and Ressistance, Trendline, MTF OSC) "
This indiator will show you Support & Ressistance, Good Trendline, and Multi-timeframe analyzing of Oscillator (Stochastic and RSI)
You can combine with your own strategy, or use this purely
DISCLAIMER :
Measure the risk first before use it in real market
Backtest The Strategy was very important, so you know the probability
Fundamentally Logical :
SNR -> Last 3 Zigzag Pivot
Trendline -> Using two last pivot for calculating the slope
Features :
1. SNR
2. Trendline
3. MTF Oscillator Analyzing
How to use it :
1. All Label, Table & Line can be turned on/off in settings
2. Pivot Period can be Adjusted in settings
3. All Label, Table & Line style can be adjusted in settings
Regards,
Hanabil
[Excalibur] Pivoted Automatic Breakout Trend LinesPREAMBLE:
As I will elaborate further, lines and linearity are everywhere in the our thoughts, words, objects, and nature. For example, in our youth, drawing lines on paper, ascribing them in the dirt, and using them to perfect hand writing is common occurrences in life everyone has experienced. Our minds are uniquely adaptable to envision linearities in many natural or abstract objects, including facial geometry. That's how we easily recognize each other in person. For decades, along our path on roadways to and from our destinations, road lines have long safely guided us. Common phrases are "get in line", "walk the line", "line of duty", and "finish line" in English. Gazing upon the earth's line of horizon on calm wide open ocean standing upon the shoreline, it is easily visible and it has curvature. Sorry to break it to you flat earthers.
Multitudes of agreed upon lines define nationally recognized boundaries on maps for very specific reasons. Some lines are just simply not meant to be crossed and are purposefully intended to be respected. Even at the time of this original release, lines are being "crossed" on unimaginable and tragic scales, forming a trend of devastation of lives and livelihoods. On occasion in human history, border lines have to be redefined, especially when a godvernment no longer represents the WILL of a vast geographic majority of it's citizens. When puppet representatives and misleaders only have a self serving interest to put their citizens most treasured values, grievances, and souls in the grave, succession is a matter of last resort and it's often statistically speaking 101% necessary.
As an American, from my opinionated perspective assessing the situation, I welcome the ancestral people of Donetsk and Luhansk to the world stage, being independent to choose their own destinies and fates, because all that Ukraine wishes to do with them year, after year, after year is render them as subjugates or use them for target practice. And that isn't right! The way 2021+ is heading, by the year 2100 I suspect every continental map is going to have new lines on them.
LINES OF ANTIQUITY:
Many recorded instances throughout history detailing the use of lines, has endured centuries of time. The ancient origins and study of "Euclidean geometry" would have been performed scribbling in the ground, preferably in sand. The Greek mathematician Euclid of Alexandria, the founder of geometry, most probably spent a great deal of his life doing this in order to pass his bold ideas onto future generations.
Before Euclid's time, Spartans in the battle of Thermopylae drew their lines in the sand with their swords adhering to the infamous words "Molon Labe" (come and take ). These disciples of agoge, born and destined for rigorous entrainment were bound by duty, no retreat, no surrender. Hundreds of Spartan sigma males held the line for as long as they could for the security of their free peoples. In almost every case of Spartan history the imperative notion of holding the battle lines was absolutely necessary at all costs, regardless of the carnage delivered from their enemy adversaries, including the unrelenting hordes of invasion commanded by the tyrant Xerxes. ALL gave some on those days.
Over two millennia later, Colonel William Travis at the Alamo carved a line in the ground for able men to decide which side of history they would reside on. History has an awfully bad habit of repeating itself, as it is always told in forewarnment. Lines have always been pertinent, decisive, and always shall be. A world without lines, would make our grasp of understanding and existence nearly impossible to carry on civilization.
LINES IN MODERN TIMES:
The versatility of lines are every where imaginable in this 21st century. A short list of their applications are in art, design, engineering, architecture, demarcation, and they are always, always ever pervasive in computer graphics. Without a doubt, lines are now pinnacle to having the ability to make our charting possible in order to recognize trends. Here in this script's application I intended them to automatically reveal geometry, trends, and breakout zones.
When I originally encountered my discovery of TradingView's existence, the very first thing I was doing, was to naturally draw lines across the price action pivot points in search of identifiable opportunities. Three years later, I have now finalized my vision of automatically drawing an ample amount of them by harnessing the "Power of Pine" in version 5. As you will soon see, utilization of this script will reveal hidden geometry that is otherwise typically unforeseen.
SCRIPT FUNCTIONALITY:
Programmatically drawing lines on top of numeric chaos has been an arduous task, taking me over a year to stabilize this code to my liking. The possibilities of automatically drawing lines on market price action could in theory actually result into hundreds per chart pane. This script does have a limitation of 60 line segments/rays maximum. I have gone to great lengths to accomplish this feat, just to arrive at 60 per overlay indicator. Beyond that, I am experiencing limitations of Pine. Because of the amount of work required to finalize this indicator, this is one of my "Excalibur" indicators. I literally had to pull this code from the deepest recesses of my mind. I would classify this kind of indicator as a weapon of mass financial creation, so I'm offering it's availability to all members.
Segments/rays may be computationally drawn as far back as 5000 bars into the chart's history, but no more than that are to be expected. Only one line will occur from pivot point to pivot point. All duplicate line occurrences computed are not redrawn over another, as I ensured by filtration this would not happen. Numerous adjustments are present to handle a majority of expectations and the numerous visual acuities of members. I envision many thousands of members utilizing this script's versatility as a visual aid to help guide them along their path of trading assessments and decisiveness.
SCRIPT UTILITY:
Having the ability to recognize geometry in price movements is ultra handy in relation to directional trending and channeling arrangements especially. Trends are guaranteed at some unknown point in time to breakout, and form new trends or cycles. I employed a fire and ice color duo to differentiate between the upper trend lines from the lower trend lines. It seemed to be most visible without interfering too often with other indicators. These can be changed to any color combo you desire in Settings. Additional line preferences are provided to support your tailored experience while having other indicators present in the overlay pane. It may even be configured to only display two lines at a minimum. By doing so, you can really focus and fine tune Settings for just these two segments/rays with very specific refined tweaks.
One caveat of detecting pivots, is that they aren't recognized until after they have formed. Always remember that pivot points aren't instantaneously discoverable until their full form is computationally apparent in the form of a chevron. Technically describing the pivot detection is beyond normal comprehension and to difficult to explain in this description. I will also say, viewing this on a 4K display resolution reveals the best view. If you wish to use more than one instance of this indicator in the overlay for more than 60 lines at a time, go right ahead. However it may become messy.
P.S. This script and it's description was partially inspired by Twisted Sister's song "We're Not Gonna Take It"
RISK DISCLAIMER:
My scripts and indicators are specifically intended for informational and educational use only. This script uses historical data points to perform calculations to derive real-time calculations. They do not infer, indicate, or guarantee future results or performance.
By utilizing this script/indicator or any portion of it, you agree to accept 100% responsibly and liability for your investment or financial decisions, and I will not be held liable for your subjective analytic interpretations incurring sustained monetary losses. The opinions and information visual or otherwise provided by this script/indicator is not investment advice, nor does it constitute recommendation.
Volatility Breakout StrategyThis is a strategy used by Larry R. Williams called Volatility Breakout.
By identifying a strong uptrend that exceeds 'a certain level' on a daily basis as a breakout signal, enter long position, take advantage of long at the the next day's open.
'a certain level (Entry Price)' is calculated by { close + 'k' * high -low }, and applied logarithmic calculation.
Stop loss level is calculated by half of the previous day's Low and Entry Price.
Strategy exit always at UTC+0.
And expressed day session with the background color.
Thanks and hope this helps you.
(kor)
이건 Larry R. Williams가 사용하는 변동성 돌파 전략입니다.
특정 수준을 넘는 강한 상승세를 돌파 신호로 파악하여 매수하고, 장시간이 종료될때에 빠르게 수익을 실현하는 전략입니다.
"특정 레벨(진입가)"은 close + 'k' * high -low 로 계산되며 로그 계산을 적용했습니다.
손절 레벨은 전일 저가 및 진입 가격의 절반으로 계산됩니다.
전략은 항상 UTC+0에서 종료합니다. ( 한국 기준 오전 9시 )
그리고 배경색으로 일일세션을 표현했습니다.
트뷰에 오픈소스의 래리윌리엄스 변동성전략이 없는것 같아 간단하게나마 만들어 보았습니다. 도움이 되었으면 좋겟워요..
Consolidation Zone Hunter NPR BasedThis script will search for zones where the range between the high and low is lower than avg % nearest rank of last X bars.
After X(=30) bars of consolidating range it will signal that the market is in a range and draw the top, bottom and middle of that range.
When price breaks the consolidating range the range is cleared, this is where you long/short the breakout. After this it will look for the next range and do the same.
Visual Explanation
MACD Objective Breakouts + AlertsFinds the most recent support and resistance level as confirmed by the MACD . These level are detected dynamically and the lines will be updated as new levels form.
Alerts can be toggled on or off in the settings but will not work if the alert is not added to your chart. Alerts can be added by selecting the "Alert" button on TradingView then selecting "MOB Alerts" as the condition
Alerts will trigger when price closes above or below the indicated levels.
Please let me know if you find any bugs!
NEXT Trend Delta Moving AverageOverview:
Trend Delta Moving Average (TDMA) is a composite moving average, driven by an algorithm that tracks real-time trends in price, volume, and various changes (delta) between the two. TDMA is low lagging but filtered (smoothed) MA type, with a sometimes predictive slope (via price divergence). This indicator allows you to plot one or two TDMA lines, as well as their crossovers, expressed in the form of long/short signals.
NASDAQ 100 Futures ( CME_MINI:NQ1! ) 1-minute
This Nasdaq futures example shows both TDMA lines and their crossover signals.
Tesla ( NASDAQ:TSLA ) 1-minute
If you trade price / MA crossovers or use moving averages as part of a broader trading system, you have the option of displaying a single TDMA line without any crossover signals (arrows) by ticking Plot TDMA1 Only checkbox and unticking Plot TDMA Crossovers . Great for breakout stocks like TSLA.
TDMA vs Other Moving Averages
We spent a good amount of effort developing and differentiating Trend Delta Moving Average (TDMA) from other moving averages. We wanted a responsive MA algo that considered price and action, and that incoporated user-controlled lagless filtering (smoothing). Below is a comparison between TDMA (purple) and several popular MA types, including Exponential (blue), Simple (red), and Hull (teal). All MA lengths set to 50.
Lagless Smoothing
You may use the Trendiness input parameter to control the amount of smoothing applied to individual or both TDMA lines. Lower values (emphasis on more recent trends) produce vertically tighter slopes, with TDMA following price action more closely, while higher values (emphasis on more longer term trends) relax the slope, without introducing horizontal (time) lag.
Input Parameters:
Length TDMA1 - length of the first Trend Delta Moving Average (TDMA)
Length TDMA2 - length of the second TDMA
Trendiness TDMA1 - the amount of trend weighting added to the first TDMA line (lower = more recent trend, higher = longer term trend)
Trendiness TDMA2 - the amount of trend weighting added to the second TDMA line (lower = more recent trend, higher = longer term trend)
Source - data used for calculating the MAs, typically Close, but can be used with other price formats and data sources as well.
Offset - shifting of the TDMA lines forward (+) or backward (-).
Plot TDMA1 Only - when checked, will only plot a single TDMA line (TDMA1)
Plot TDMA Crossovers - when checked, will plot an up arrow (long signal) when TDMA1 crosses over TDMA2, and a down arrow (short signal) when TDMA1 crosses under TDMA2.
Alerts
Here is how to set price crossing TDMA1 (or TDMA2) alerts: open a TradingView chart, attach NEXT Trend Delta Moving Average (TDMA), right-click on chart -> Add Alert. Condition: Symbol (e.g. NQ) >> Crossing >> NEXT Trend Delta Moving Average (TDMA) >> TDMA1 >> Once Per Bar Close.
Trendlines with Breaks [LuxAlgo]The trendlines with breaks indicator return pivot point based trendlines with highlighted breakouts. Users can control the steepness of the trendlines as well as their slope calculation method.
Trendline breakouts occur in real-time and are not subject to backpainting. Trendlines can however be subject to repainting unless turned off from the user settings.
The indicator includes integrated alerts for trendline breakouts.
🔶 USAGE
Any valid trendlines methodology can be used with the indicator, users can identify breakouts in order to infer future price movements.
The calculation method of the slope greatly affects the trendline's behaviors. By default, an average true range is used, returning a more constant slope amongst trendlines. Other methods might return trendlines with significantly different slopes.
Stdev makes use of the standard deviation for the slope calculation, while Linreg makes use of the slope of a linear regression.
The above chart shows the indicator using "Stdev" as a slope calculation method. The chart below makes use of the "Linreg" method.
By default trendlines are subject to backpainting, and as such are offset by length bars in the past. Disabling backpainting will not offset the trendlines.
🔶 SETTINGS
Length: Pivot points period
Slope: Slope steepness, values greater than 1 return a steeper slope. Using a slope of 0 would be equivalent to obtaining levels.
Slope Calculation Method: Determines how the slope is calculated.
Backpaint: Determine whether trendlines are backpainted, that is offset to past.
Nearest Percentile Moving Average BandsWhile coding some filters into another indicator for Long/Short I noticed that ta.nearest.percentile might be the most useful tool in pinescript I've ever encountered.
While percentile_nearest can be used for all kind of things I decided to code moving averages from it and made bands for bottom percentage and top percentage.
The indicator will calculate the top % price of the given bar length.
Example settings:
length: 150
percentile: 99
So when using 99% it will draw a green line when price is moving above the top 1% price of the last 150 candles. It then calculates if the price is below the bottom 1% of the last 150 candles.
Trading use:
Use this indicator to check if the market is leaving normal territory. This signals a breakout move for example the dogecoin pump or the top of the range. I use this indicator to catch bull/bear moves for botting purposes. An other use would be to countertrend trade after the move has ended. With price being in top 1% for a while it is very probable that we see a large correction.
Below example of dogecoin pumps:
Donchian Channel Strategy IdeaThis strategy idea is a variation of the "Donchian Channel" trading strategy. It is built with a highest-high band, a lowest-low band, and a baseline which is average the highest-high and the lowest-low bands. This strategy is very useful in trending instruments on 1W and 1D timeframes. This is the implementation used in the QuantCT app.
You can set the operation mode to be Long/Short or long-only.
You also can set a fixed stop-loss or ignore it so that the strategy acts solely based on entry and exit signals.
Trade Idea
When the close price breaks up the previous highest-high, it is a long signal, the market is considered rising (bullish), and the plotted indicator becomes green. Long positions are held until the close price crosses under the baseline.
When the close price breaks down the previous lowest-low, it is a short signal, the market is considered falling (bearish), and the plotted indicator becomes red. Short positions are held until the close price crosses above the baseline.
Otherwise, if we have no position in the market, the market is considered ranging, and the plotted indicator becomes orange.
Entry/Exit rules
Enter LONG if the close price breaks up the previous highest-high (i.e. when the plotted indicator becomes green).
Exit LONG if the close price crosses under the baseline (i.e. when the plotted indicator becomes orange).
Enter SHORT if the close price breaks down the previous lowest-low (i.e. when the plotted indicator becomes red).
Exit SHORT if the close price crosses above the baseline (i.e. when the plotted indicator becomes orange).
CAUTION
It's just a bare trading idea - a profitable one. However, you can enhance this idea and turn it into a full trading strategy with enhanced risk/money management and optimizing it, and you ABSOLUTELY should do this!
DON'T insist on using Long/Short mode on all instruments! This strategy performs much better in Long-Only mode on many (NOT All) trending instruments (Like BTC, ETH, etc.).
Multi-Purpose All in One [SignalCave]Multi-Purpose All in One Indicator Functions
1) Technical Analysis, Technical Ratings
2) Pivots, Primary & Secondary Trends
3) Swings, Engulfs, Golden & Death Crosses, Price Squeezes, Pullbacks, Breakout & Breakdowns, Volume Rushes
4) Momentum Strength
1) Technical Analysis, Technical Ratings
Technical analysis display real-time ratings. It based on the most popular technical indicators such as RSI, Stochastic, CCI, ADX, AO, Momentum, MACD, Stochastic RSI, Williams %, Ichimoku Cloud, SMA, EMA, VWMA and HMA.
Technical analysis is a built-in function on TradingView. You can access any asset’s technical analysis page and see it’s performance in real time.
"Multi-Purpose All in One" indicator brings this function into your TradingView charting screen. Indicator allows you to see the same output without visiting any external web page in TradingView. Indicator also works on every timeframe and asset class.
Technical Ratings is a technical analysis tool that combines the ratings of several technical indicators to make it easier for traders and investors to find profitable trades.
Technical Ratings can be a valuable technical analysis tool for many analysts or traders. Many traders use a selection of complementary indicators to make better decisions. Technical Ratings simplifies this task by combining the most popular indicators and their signals.
2) Pivots, Primary & Secondary Trends
Helps you to identify primary and secondary trends and potential support/resistance zones.
Trend detection have three modes which are “Aggressive, Moderate and Conservative” . You can customize the mode on settings screen.
3) Swings, Engulfs, Golden & Death Crosses, Price Squeezes, Pullbacks, Breakout & Breakdowns, Volume Rushes
A swing low is when price makes a low and is immediately followed by consecutive higher lows. Likewise, a swing high is when price makes a high and is followed by consecutive lower highs.
Swing Failure Pattern (SFP) is a type of reversal pattern that can be used as buy or sell signals.
Engulfing candles tend to signal a reversal of the current trend in the market. This specific pattern involves two candles with the latter candle 'engulfing' the entire body of the candle before it.
On this indicator, bullish engulfs visible only on downtrend and oversold conditions. Bearish engulfs visible only on uptrend and overbought conditions.
The death cross and golden cross are technical analysis terms for when a moving average (MA) intersects with another from either above or below.
The cross, depending on which it is, can signal the start of a new trend or the end of one.
Squeeze signs signifies low volatility, market preparing itself for an explosive move up or down direction.
Bullish Pullbacks are widely seen as buying opportunities after an asset has experienced a large upward price movement. Most pullbacks involve an asset's price moving to an area of technical support , such as a moving average, before resuming their uptrend.
Bearish Pullbacks are widely seen as selling opportunities after an asset has experienced a large downward price movement. Most pullbacks involve an asset's price moving to an area of technical resistance , such as a moving average, before resuming their downtrend.
A breakout refers to when the price of an asset moves above a resistance area, breakdown refers to when the price of an asset moves below a support area.
Breakouts/breakdowns indicate the potential for the price to start trending in the breakout direction.
For example, a breakout to the upside from a chart pattern could indicate the price will start trending higher.
Volume rush signs appears when the trading volume increases more then a usual period. It can be useful with combining breakout signals as a confirmation.
4) Momentum Strength
Momentum Indicator helps you to identify potential reversal areas .
Calculation done with using Relative Strength Index (RSI), Money Flow Index (MFI) and Average Directional Movement Index (ADX) indicators.
On full strength bearish movement bars paints as light red , full strength bullish movement bars paints as light green color.
They indicates that trend can be change to opposite direction in a short period of time.
Momentum Strength have three modes which are "Aggressive, Moderate and Conservative" . You can customize the mode on settings screen.
Boom Hunter XLBoom Hunter XL is a professional trading tool designed to expose perfect entries and incredible exits. This complete ground up rebuild of Boom Hunter Pro is an absolute essential for any professional trader or anyone serious about trading. Boom Hunter XL includes many upgrades to the Pro version such as volume pressure analysis, improved pressure dots, two new support and resistance lines and volume breakout detection. It also has options to display current volume and average volume it the top right corner.
A new and improved Volume Pressure Analysis exclusive to Boom Hunter XL can be turned on or off in the settings. This provides relative volume information highlighting anomalies and key movements. It also shows volume pressure. Sometimes when crossing a support or resistance line it takes a lot of volume to move price just a little. When price action crosses or bounces off a SR line it requires very little volume to move the price a lot. What this means is traders can visually see price action getting pulled in or pushed away from a SR line. The current bar shows live directional pressure. Volume pressure is used to confirm entries and continuations.
Red wave is the main support resistance line dictating short term trend direction. Enter trades after the oscillator crosses through or even better with pressure dots or volume pressure. If the oscillator is above the red wave it is an up trend and if it is below its a down trend.
The gray wave shows medium term support/resistance and general trend. This line is much harder to cross. Price action can easily bounce within this wave or get rejected.
The strongest SR lines are the top and bottom gray lines. The resistance line will bottom out under pressure and expose a low point. Likewise the support line will roof and expose a high point.
When there is extreme pressure the gray line will drag. This signal suggests that price action will will pullback and retest and push again. Avoid entering trades in these moments as the true bottom/top has not been exposed. Following price action along longer timeframe charts will help find the true low/high.
Tracking traditional patterns makes it easy to find the next breakout and direction.
Bear patterns
Bull patterns
Volume breakouts
Drawing support and resistance lines
Example of some of the signals:
Pivot Point BreakoutThis is a strategy taken from Perry Kaufman's book, Trading Systems and Methods.
Just like the title says, it's a breakout strategy. It works by buying when the current high is higher than the last pivot high, and selling when the low is lower than the last pivot low.
It does not have a good success probability, and relies on the good reward to risk ratio. Definitely not recommended for someone with weak hands.
Volatility Funnel v2Using the contracting phase of what are basically bollinger bands and some fancy coloring, this indicator draws funnels to which show tightening ranges and doesn't take up too much screen space unless you want it to.
There is a smoothing option if you're into that.
Enjoy!!!
EMA MTF PlusI like trading the 1 minute and 3 minutes time-frames. I'm what is commonly called a "scalper". Long term investments yes, I have some, but for trading, I don't have neither the time,
nor the patience to wait hours or days for my trade to be complete.
This doesn't mean I discount the higher time-frames, no, I actually rely heavily on them. I found that EMAs do a decent job as support/resistance, sometimes to a tick level of precision. And this is important for a 1 minute trader.
As such, I made this script that tracks the higher time-frames EMAs and displays the last value as a line.
I do not need the whole EMA, I'm not interested in crossovers or crossunders, these are anyway late signals for me.
What's with the triangles? These are local tops/bottoms , candles that have a have decent size of the wick. These tops and bottoms are by no means "final", they are merely a rejection at certain levels of price. Due to markets complexities (and human erratic behaviors hehe) these levels could be breached at the very next candle. For a more "final" version (nothing is really final but..) I added Schaff Trend Cycle as filter, so a triangle will pop only when a trend is mature enough ( STC with a value near 0 or near 100).
Colored bars. When the body of the candle is big, it shows strength. Strong bars tend to have follow through, especially when breaking key levels. The script looks at the body of the candle and compares it with ATR (Average True Range), if it's at least 0.8 of ATR it changes the bar color to yellow (bull candles) or fuchsia(bear candles).
Range identifier. This code is copied from Lazy Bear (if there are any issues please let me know), it's very useful in conjunction with colored bars.
I look for breakout candles that go outside of the range as a signal for a trade.
There are many ways in which this script can be useful, like trading mean reversions or momentum trades (breakouts) or simply trend following trades.
I hope you guys find it useful, you can play with default values and change them as you like, these are what I found to be working best for me and my trading universe (mostly crypto).
Special thanks for the original work of:
LazyBear
everget
Jim8080
Stochastic ChannelsDonchain trend following system with overbought/ oversold areas inspired by stochastic. Multiplier to get non repainting HTF capability. features a smoothed price as well as moving average of the smoothed price, also inspired by the stochastic indicators %K and %D. This and slow stochastics compliment each other nicely.
%D line colored by direction.
Filled color areas represent overbought/oversold.
Shows breakouts as well as giving targets and entries in rangebound markets.
SMART4TRADER - BREAKOUTThis indicator shows the breakthrough of extremes for the selected period. The default period is set = 3
The indicator checks on the current bar whether the maximum or minimum prices for the selected period are broken
----------------
Данный индикатор показывает прорыв экстремумов за выбранный период. По-умолчанию выставлен период = 3
Индикатор проверяет на текущем баре пробиты ли максимальные или минимальные значения цен за выбранный период
Volume Bar Breakout and Breakdown IndicatorVolume shows strength of a movement and highest volume shows the region that pushed price to certain extent with full strength. Breakout or Breakout of the highest volume bar range shows continuity further push by sellers or buyers indicating a trend continuation for a small period if not for long duration. Entries can be taken once signal is generated with stoploss as recommended.
Guidelines:
Don't trade if range is too large
Don't trade if Breakdown or Breakdown candle body / range is too large or if there is high volatility
Use additional indicator to get the idea of overall trend analysis
Super Breakout day trading This is an intraday indicator which uses Bollinger band and volume flow and MA to alert buy and sell signal.
A user can use this indicator to help make entry and exits. This indicator wont show entry and exist of larger time frames like Day week month.
This indicator uses Bollinger bands but try to minimize it shortcoming where it will buy and keep holding and eventually sell at a loss.
By adding addition parameters around volume it check if the price has reached its peak
