Fair Value Breakout Strategy by @tradingbauhausThe **Breakaway Fair Value Gaps (BFVG) Strategy** is a trading approach designed to identify and capitalize on significant price gaps that occur within the context of a strong trend. These gaps, known as Fair Value Gaps (FVGs), represent areas where the price moves sharply, leaving behind an imbalance between supply and demand. When these gaps occur during a breakout or a strong trend continuation, they are referred to as **Breakaway Fair Value Gaps (BFVGs)**. This strategy uses these gaps as key levels for entering trades and managing risk.
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### **Key Concepts**
1. **Fair Value Gap (FVG)**:
- A FVG occurs when the price moves sharply, leaving a gap between the high/low of previous candles and the current candle.
- It represents an imbalance in the market where buyers or sellers are overwhelmingly dominant.
2. **Breakaway Fair Value Gap (BFVG)**:
- A BFVG is a FVG that occurs during a strong trend or breakout, signaling potential continuation of the trend.
- It acts as a key level for entering trades in the direction of the trend.
3. **Mitigation Levels**:
- These are price levels where the market might retrace to "fill the gap" before continuing in the direction of the trend.
- The strategy monitors these levels to determine if the gap is still valid or if it has been mitigated.
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### **Strategy Rules**
#### **Entry Conditions**
1. **Bullish BFVG**:
- A bullish BFVG occurs when:
- The current low is higher than the high of two candles ago (`low > high `).
- The close of the previous candle is higher than the high of two candles ago (`close > high `).
- **Entry**: Go long (buy) when a bullish BFVG is detected and the price has not yet mitigated the gap.
2. **Bearish BFVG**:
- A bearish BFVG occurs when:
- The current high is lower than the low of two candles ago (`high < low `).
- The close of the previous candle is lower than the low of two candles ago (`close < low `).
- **Entry**: Go short (sell) when a bearish BFVG is detected and the price has not yet mitigated the gap.
#### **Exit Conditions**
1. **Stop Loss**:
- The stop loss is placed at a fixed percentage below the entry price for long trades (`stop = close * (1 - stopLossPerc / 100)`).
- For short trades, the stop loss is placed at a fixed percentage above the entry price (`stop = close * (1 + stopLossPerc / 100)`).
2. **Take Profit**:
- The take profit is placed at a fixed percentage above the entry price for long trades (`limit = close * (1 + takeProfitPerc / 100)`).
- For short trades, the take profit is placed at a fixed percentage below the entry price (`limit = close * (1 - takeProfitPerc / 100)`).
#### **Mitigation Levels**
- If the price retraces and closes within the gap (mitigates the FVG), the gap is considered invalid, and the strategy stops monitoring it.
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### **Visualization**
- **BFVG Boxes**:
- Bullish BFVGs are highlighted with a green box.
- Bearish BFVGs are highlighted with a red box.
- **Mitigation Lines**:
- Horizontal lines are drawn at the high/low of the gap to indicate the mitigation levels.
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### **Dashboard**
The strategy includes a dashboard that displays key statistics:
1. **Total BFVGs Detected**:
- The number of bullish and bearish BFVGs identified.
2. **Mitigation Percentage**:
- The percentage of BFVGs that have been mitigated.
3. **Average/Median Duration**:
- The average or median number of candles it takes for a BFVG to be mitigated.
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### **How It Works**
1. **Trend Identification**:
- The strategy uses a moving window of `length` candles to determine the current trend (highs and lows).
2. **Gap Detection**:
- It scans for FVGs that meet the criteria for BFVGs (strong trend context).
3. **Trade Execution**:
- Enters trades in the direction of the BFVG and manages risk using stop loss and take profit levels.
4. **Mitigation Monitoring**:
- Tracks whether the price retraces to fill the gap, invalidating the BFVG.
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### **Advantages**
1. **Trend-Following**:
- The strategy capitalizes on strong trends, which often lead to significant price movements.
2. **Clear Entry and Exit Levels**:
- BFVGs provide well-defined levels for entering trades and managing risk.
3. **Flexibility**:
- Parameters like `length`, `stopLossPerc`, and `takeProfitPerc` can be adjusted to suit different trading styles.
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### **Example**
- **Bullish BFVG**:
- The price is in an uptrend. A bullish BFVG is detected, and a long trade is entered.
- The stop loss is placed 1% below the entry price, and the take profit is placed 2% above.
- **Bearish BFVG**:
- The price is in a downtrend. A bearish BFVG is detected, and a short trade is entered.
- The stop loss is placed 1% above the entry price, and the take profit is placed 2% below.
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### **Conclusion**
The **Breakaway Fair Value Gaps Strategy** is a systematic approach to trading strong trends by identifying and exploiting price gaps. It combines clear entry signals with robust risk management, making it suitable for traders who prefer trend-following strategies. By monitoring mitigation levels and using a dashboard for performance tracking, the strategy provides a comprehensive framework for trading BFVGs.
Candlestick analysis
Crawblanc by SiriusThe "Crawblanc by Sirius" is a Pine Script indicator designed for use on the TradingView platform. It implements an advanced ZigZag structure analysis with extended visualization options, offering traders a detailed representation of market patterns. Here's a breakdown of its features:
ZigZag Structure Detection:
Identifies market high and low points based on customizable depth, deviation, and backstep parameters.
Allows traders to observe directional changes (bullish or bearish) and significant trend reversals.
Customizable Visual Elements:
Display settings for lines, triangles, and labels associated with market structures.
Adjustable transparency, label size, and colors for bullish and bearish formations.
Optional display of triangle IDs and areas, calculated dynamically based on detected points.
Interactive Inputs:
Enables toggling between calculation methods (e.g., open/close vs. low/high prices).
Allows customization of transparency levels, line thickness, and label styles to suit individual preferences.
Advanced Calculations:
Triangle areas and center points are calculated for enhanced visualization.
Supports projection and center-point calculations to provide additional market insights.
Real-Time Updating:
Dynamically updates on price changes, deleting and redrawing lines and labels as necessary.
Displays point IDs and triangle areas, helping traders track ongoing market conditions.
Color Coding:
Distinct colors for bullish (green/blue tones) and bearish (red/yellow tones) phases.
Automatic color inversion for labels to ensure clear visibility on various backgrounds.
Extensibility:
Users can choose to extend lines or restrict them to specific areas.
Supports up to 500 lines, labels, and boxes, making it suitable for detailed analyses.
Use Case:
This indicator is highly beneficial for traders seeking to:
Identify support and resistance levels.
Analyze market patterns for entry and exit opportunities.
Understand complex structures like triangles and trends dynamically in real time.
The combination of user-friendly inputs and advanced visualization tools makes it ideal for technical analysts focused on improving decision-making through graphical insights.
Open_close AND HIGH_LOW_diffAverage of Absolute (Open - Close) Indicator
This indicator calculates the average of the absolute difference between the open and close prices of the last n candles and plots the result in a separate panel.
Key Features:
Customizable Period: Users can set the number of candles (n) to include in the average calculation.
Absolute Value Calculation: The script computes the absolute difference (|Open - Close|) for each candle, ensuring only positive values are averaged.
Separate Panel Visualization: The indicator is displayed in a separate panel below the main chart for clear and uncluttered analysis.
Red Plot: The average value is plotted with a bold red line for easy identification.
Use Cases:
Analyze the average volatility of price movements over a specified period.
Identify periods of consistent price differences between open and close levels.
Complement other volatility or trend-based indicators.
This tool is ideal for traders who want to monitor the consistency of price fluctuations and integrate it into their decision-making process.
How to Use:
Add the script to your TradingView chart.
Adjust the "Number of Candles" input to match your preferred look-back period.
Observe the red line in the separate panel to analyze the average absolute difference over time.
Feel free to reach out with suggestions or feedback to enhance the functionality of this script!
Open-Close Range ComparisonTo find out stocks having range expansion.
Can be used as breakout for entering
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Enigma Liquidity Concept
Enigma Liquidity Concept
Empowering Traders with Multi-Timeframe Analysis and Dynamic Fibonacci Insights
Overview
The Enigma Liquidity Concept is an advanced indicator designed to bridge multi-timeframe price action with Fibonacci retracements. It provides traders with high-probability buy and sell signals by combining higher time frame market direction and lower time frame precision entries. Whether you're a scalper, day trader, or swing trader, this tool offers actionable insights to refine your entries and exits.
What Makes It Unique?
Multi-Timeframe Signal Synchronization:
Higher time frame bullish or bearish engulfing patterns are used to define the directional bias.
Lower time frame retracements are analyzed for potential entry opportunities.
Dynamic Fibonacci Layouts:
Automatically plots Fibonacci retracement levels for the most recent higher time frame signal.
Ensures a clean chart by avoiding clutter from historical signals.
Actionable Buy and Sell Signals:
Sell Signal: When the higher time frame is bearish and the price on the lower time frame retraces above the 50% Fibonacci level before forming a bearish candle.
Buy Signal: When the higher time frame is bullish and the price on the lower time frame retraces below the 50% Fibonacci level before forming a bullish candle.
Customizable Fibonacci Visuals:
Full control over Fibonacci levels, line styles, and background shading to tailor the chart to your preferences.
Integrated Alerts:
Real-time alerts for buy and sell signals on the lower time frame.
Alerts for bullish and bearish signals on the higher time frame.
How It Works
Higher Time Frame Analysis:
The indicator identifies bullish and bearish engulfing patterns to detect key reversals or continuation points.
Fibonacci retracement levels are calculated and plotted dynamically for the most recent signal:
Bullish Signal: 100% starts at the low, 0% at the high.
Bearish Signal: 100% starts at the high, 0% at the low.
Lower Time Frame Execution:
Monitors retracements relative to the higher time frame Fibonacci levels.
Provides visual and alert-based buy/sell signals when conditions align for a high-probability entry.
How to Use It
Setup:
Select your higher and lower time frames in the settings.
Customize Fibonacci levels, line styles, and background visuals for clarity.
Trade Execution:
Use the higher time frame signals to determine directional bias.
Watch for actionable buy/sell signals on the lower time frame:
Enter short trades on red triangle sell signals.
Enter long trades on green triangle buy signals.
Alerts:
Enable alerts for real-time notifications of buy/sell signals on lower time frames and higher time frame directional changes.
Concepts Underlying the Calculations
Engulfing Patterns: Represent key reversals or continuations in price action, making them reliable for defining directional bias on higher time frames.
Fibonacci Retracements: Fibonacci levels are used to identify critical zones for potential price reactions during retracements.
Multi-Timeframe Analysis: Combines the strength of higher time frame trends with the precision of lower time frame signals to enhance trades.
Important Notes
This indicator is best used in conjunction with your existing trading strategy and risk management plan.
It does not repaint signals and ensures clarity by displaying Fibonacci levels only for the most recent signal.
Ideal For:
Swing traders, day traders, and scalpers looking to optimize entries and exits with Fibonacci retracements.
Traders who prefer clean charts with actionable insights and customizable visuals.
Dynamic Signal EngineDynamic Signal Engine
The Dynamic Signal Engine is a powerful and versatile indicator, designed to help traders make informed decisions by combining trend analysis with key support and resistance levels. This tool is inspired by the Linear Regression Oscillator , which laid the foundation for this enhanced implementation. By building on the original concept, this script introduces additional features, customization, and integration with dynamic trading strategies to suit diverse trading styles.
Key Features
Inspiration and Foundation
This indicator draws inspiration from the Linear Regression Oscillator , leveraging its robust trend detection capabilities while adding custom enhancements for broader functionality and user adaptability.
Trading Style Customization
Adaptable for Scalping, Intraday, and Swing Trading with dynamic parameter adjustments for each style.
User-defined inputs for thresholds, lookback periods, and visualization options provide further control.
Enhanced Linear Regression Oscillator (LRO)
A refined implementation of the LRO calculates deviations from a regression line, normalized for improved trend detection.
Identifies bullish and bearish crossovers with added alerts and visual markers.
Includes proximity alerts for critical thresholds to help traders anticipate key market movements.
Dynamic Support and Resistance Integration
Incorporates ENIGMA Signal Logic to identify swing highs and lows, dynamically marking them as fractal support and resistance levels.
When a sell signal from ENIGMA is generated, traders can choose to sell immediately or use the low of the previous candle as the entry point. Similarly, for a buy signal, traders can buy immediately or use the high of the previous candle for entry. These signals are visually indicated by a green triangle for buy signals, ensuring clear and actionable insights.
Advanced Visualization
Displays key levels with customizable horizontal lines (solid, dashed, or dotted) and labels for clarity.
Candle colours and mini arrows highlight trends and potential trading opportunities.
Real-Time Alerts
Alerts for LRO threshold crossings and swing-level breaches keep you updated without the need for constant monitoring.
Optimized for Usability
Designed to keep charts clean by limiting displayed trades and signals to recent activity.
Adjustable parameters ensure flexibility and a user-friendly experience.
How It Works
Trend Detection with Enhanced LRO
The indicator builds on the Linear Regression Oscillator , calculating oscillations of price movements and normalizing them for trend analysis. Crossovers and threshold proximity are visualized on the chart and trigger alerts for potential market shifts.
Dynamic Support and Resistance Levels
The ENIGMA Signal Logic identifies recent swing highs and lows, marking them as key levels. These levels are dynamically updated as new swing points are detected, providing actionable support and resistance zones.
Signal Confirmation
Buy or sell signals are confirmed when:
Price breaches the swing levels.
The LRO aligns with directional bias (e.g., bearish crossover for sell signals).
Signals are further clarified by ENIGMA's green triangle indicators, showing key buy and sell opportunities.
Visualization and Alerts
Signals are displayed using arrows, labelled horizontal lines, and optional candle colours. Alerts notify traders of key events, such as LRO threshold crossings or swing-level breaches.
How to Use
Choose your Trading Style: Scalping, Intraday, or Swing Trading. The indicator adjusts its default settings automatically.
Fine-tune parameters like LRO thresholds, line lengths, and the number of visible trades to suit your preferences.
Observe the chart for signals:
Green arrows and lines indicate buy opportunities.
Red arrows and lines signal sell opportunities.
Use the alert system to stay informed about LRO thresholds and signal confirmations.
Integrate the indicator with your existing trading strategy for better decision-making.
Acknowledgement
This script was inspired by the Linear Regression Oscillator . While it builds on the core concept, this implementation introduces unique enhancements, such as dynamic signal integration, trading style adaptability, and advanced visualization tools, making it a highly customizable and versatile tool for traders.
Disclaimer
This indicator is intended for educational purposes only and should not be considered financial advice. Always perform due diligence and apply appropriate risk management when trading.
AriVestHub_Inside Bars/Candles
Introduction:
This script identifies and marks inside bars on your TradingView charts. An inside bar pattern is a two-bar candlestick pattern where the second bar is entirely within the range of the first bar. This pattern often signals consolidation and can indicate a potential breakout or trend continuation.
Trading Signals:
Inside bars can indicate potential trading signals. Traders often watch for breakouts above or below the inside bar to identify potential entry points.
Customization:
You can customize the colors, styles, and labels to suit your preferences.
Conclusion
This script is a useful tool for traders looking to identify inside bar patterns on their TradingView charts. By highlighting these patterns, traders can make more informed trading decisions based on potential market consolidations and breakouts.
IU 4 Bar UP StrategyIU 4 Bar UP Strategy
The IU 4 Bar UP Strategy is a trend-following strategy designed to identify and execute long trades during strong bullish momentum, combined with confirmation from the SuperTrend indicator. This strategy is suitable for traders aiming to capitalize on sustained upward market movements.
Features :
1. SuperTrend Confirmation: Incorporates the SuperTrend indicator as a dynamic support/resistance line to filter trades in the direction of the trend.
2. 4 Consecutive Bullish Bars: Detects a series of 4 bullish candles as a signal for strong upward momentum, ensuring robust trade setups.
3. Dynamic Alerts: Sends alerts for trade entries and exits to keep traders informed.
4. Visual Enhancements:
- Plots the SuperTrend indicator on the chart.
- Changes the background color while a trade is active for easy visualization.
Inputs :
- SuperTrend ATR Period: The period used to calculate the Average True Range (ATR) for the SuperTrend indicator.
- SuperTrend ATR Factor: The multiplier for the ATR in the SuperTrend calculation.
Entry Conditions :
A long entry is triggered when:
1. The last 4 consecutive candles are bullish (closing prices are higher than opening prices).
2. The current price is above the SuperTrend line.
3. The strategy is not already in a position.
4. The bar is confirmed (not a partially formed bar).
When all these conditions are met, the strategy enters a long position and provides an alert:
"Long Entry triggered"
Exit Conditions :
The strategy exits the long position when:
1. The closing price drops below the SuperTrend line.
2. An alert is generated: "Close the long Trade"
Visualization :
- The SuperTrend line is plotted, dynamically colored:
- Green when the trend is bullish.
- Red when the trend is bearish.
- The background color turns semi-transparent green while a trade is active, indicating a long position.
Do use proper risk management while using this strategy.
Exponential Avg Body Size Green vs RedDescription :
This indicator calculates and plots the Exponential Moving Average (EMA) of green and red candlestick body sizes, allowing traders to easily visualize market momentum and sentiment shifts. The script includes the following features:
Customizable EMA Period: Users can set the number of candles to calculate the EMA through an input setting, with a default value of 21.
Separate Green and Red Candle Averages: Differentiates between bullish (green) and bearish (red) candlestick movements, plotting them as distinct lines.
Dynamic Range Control: Users can adjust the chart range (e.g., -50 to 50) for better visibility of the plotted lines.
Baseline for Reference: A horizontal baseline at 0 serves as a visual aid for easier interpretation.
Standalone Indicator Pane: The script is designed to display in a separate pane, preventing overlap with the price chart.
Use Case:
This indicator is ideal for traders seeking to analyze the relative strength of bullish versus bearish price movements over a specific period. The separation of green and red averages helps identify trends, potential reversals, or shifts in momentum.
Engulfing Patterns & Inside Bar at NWOGEngulfing Patterns & Inside Bar at NWOG:
This indicator is designed to detect and display specific candlestick patterns (Bearish Engulfing, Bullish Engulfing, and Inside Bar) when they occur at the New Week Open Gap (NWOG). The indicator provides tiny dots plotted at the top of the candle for each detected pattern, keeping the chart clean and minimal. Below is a detailed description of the logic and components:
Candlestick Patterns Detected:
Bearish Engulfing:
A Bearish Engulfing pattern occurs when:
The current candle’s high is above the previous candle’s high.
The current candle’s close is below the previous candle’s low.
This pattern signals a potential downtrend and is marked by a red dot at the top of the candle.
Bullish Engulfing:
A Bullish Engulfing pattern occurs when:
The current candle’s low is below the previous candle’s low.
The current candle’s close is above the previous candle’s high.
This pattern signals a potential uptrend and is marked by a green dot at the top of the candle.
Inside Bar:
An Inside Bar pattern occurs when:
The current candle’s high is lower than the previous candle’s high.
The current candle’s low is higher than the previous candle’s low.
This pattern indicates a period of consolidation and possible breakout or breakdown, and is marked by a blue dot at the top of the candle.
New Week Open Gap (NWOG) Condition:
The patterns (Bearish Engulfing, Bullish Engulfing, and Inside Bar) are only considered valid if the candles occur within or touch the range of the New Week Open Gap (NWOG).
The NWOG is defined as the gap between:
The Friday close (previous week’s closing price).
The Monday open (current week’s opening price).
If the signal patterns (Bullish Engulfing, Bearish Engulfing, Inside Bar) align with the NWOG, a tiny dot is plotted at the top of the candle where the pattern occurs.
Visual Representation:
Red Dots: Indicate Bearish Engulfing signals that occur at the NWOG.
Green Dots: Indicate Bullish Engulfing signals that occur at the NWOG.
Blue Dots: Indicate Inside Bar Breakdown signals that occur at the NWOG.
Each dot is plotted as a tiny circle at the top of the candle, ensuring the chart remains minimal and clean without cluttering the view.
Key Features:
Minimal and Clean: The indicator only plots tiny dots at the top of the candles for the detected signals. No additional lines, labels, or other visual elements clutter the chart.
Customizable Signal Colors: Users can customize the colors for each signal type (Bearish Engulfing, Bullish Engulfing, and Inside Bar).
Alerts: Alerts are included for all detected patterns (Bullish Engulfing, Bearish Engulfing, Inside Bar) at the NWOG.
Alerts:
Bearish Engulfing Detected: Alerts when a Bearish Engulfing pattern occurs at the NWOG.
Bullish Engulfing Detected: Alerts when a Bullish Engulfing pattern occurs at the NWOG.
Inside Bar Breakdown Detected: Alerts when an Inside Bar Breakdown pattern occurs at the NWOG.
This indicator is helpful for traders who want to focus on clean, easy-to-spot patterns and trade based on market conditions near the New Week Open Gap (NWOG). The tiny dots ensure that only relevant signals are displayed without any distractions.
Price Changes Relative to Previous CloseThis script displays the price values in percentages (open, high, low, and close) of the current bars relative to the previous bar's close. This helps visualize the amplitude of price movements. Depending on the user's choice, the display can be in the form of candles or bars.
Main steps of the script
Retrieves the previous bar's closing price.
Calculates the percentage changes in the open, high, low, and close prices of the current bar relative to the previous bar's close.
Sets the colors for bullish (green) and bearish (red) candles/bars.
Allows the user to choose the display type (candles or bars).
Displays the candles or bars on the chart.
Creates arrays to store the highs and lows of the last 252 bars and filters them based on the current bar's close.
Calculates the average values of the highs and lows for the filtered bars and displays them on the chart.
Изменение цен относительно предыдущего закрытия
Этот скрипт отображает значения цен в процентах (открытие, высокие, низкие и закрытие) текущих баров относительно закрытия предыдущего бара. Это помогает визуализировать амплитуду движений цен. В зависимости от выбора пользователя, отображение может быть в виде свечей или баров.
Основные шаги скрипта
Получает цену закрытия предыдущего бара.
Вычисляет процентные изменения открытой, высокой, низкой и закрытой цен текущего бара относительно закрытия предыдущего бара.
Настраивает цвета для бычьих (зелёных) и медвежьих (красных) свечей/баров.
Позволяет пользователю выбирать тип отображения (свечи или бары).
Отображает свечи или бары на графике.
Создаёт массивы для хранения максимумов и минимумов за последние 252 бара и фильтрует их в зависимости от закрытия текущего бара.
Вычисляет средние значения максимумов и минимумов для отфильтрованных баров и отображает их на графике.
Opening Candle High/Low with Time Zone and Minute Offset
Title: Opening Candle High/Low with Time Zone and Minute Offset
Description:
The Opening Candle High/Low with Time Zone and Minute Offset indicator is a versatile tool that highlights the high and low of the first candle of the trading session, adjusted for your preferred time zone and minute offset. It is particularly useful for traders who focus on opening ranges as key reference points for their trading strategies.
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Features:
1. Time Zone and Minute Adjustment:
- Allows customization of the start time by applying a time zone offset (in hours) and a minute offset.
- Ideal for traders operating in different time zones or trading sessions that don't align with midnight UTC.
2. Dynamic First Candle Detection:
- Automatically captures the high and low of the first candle after the adjusted time.
- Resets daily, ensuring accurate levels for each new trading session.
3. Visual Representation:
- Plots the high and low levels of the first candle directly on the chart for easy reference.
- Uses distinct colors (green for the high and red for the low) and adjustable line widths for clarity.
4. Simplicity and Versatility:
- Works across all markets and timeframes, providing essential information for opening range breakout strategies, support/resistance analysis, or session-based trading.
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How It Works:
1. Time Adjustment:
- The indicator adjusts the current chart time by applying the user-defined hour and minute offsets.
- This ensures the "opening candle" aligns with your specific trading session requirements.
2. First Candle Detection:
- When the adjusted time matches the start of a new day (midnight with offsets), the indicator captures the high and low of the first candle.
- These values are stored and remain static throughout the trading day.
3. Plotting:
- The high and low levels of the opening candle are plotted on the chart, providing visual reference points for traders.
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Use Case:
- This indicator is ideal for traders who rely on the opening range of a session for planning trades, such as breakout or reversal strategies.
- It can also serve as a key tool for identifying significant price levels in session-based trading.
Simplify your trading analysis and align your strategy with this customizable and intuitive indicator.
Longest Candles HighlighterDescription:
The Longest Candles Highlighter is a simple yet effective tool that identifies and highlights candles with significant price ranges. By visually marking candles that meet specific size criteria, this indicator helps traders quickly spot high-volatility moments or significant market moves on the chart.
Features:
1. Customizable Candle Range:
- Define the minimum and maximum candle size in pips using input fields.
- Tailor the indicator to highlight candles that are most relevant to your trading strategy.
2. Flexible for Different Markets:
- Automatically adjusts pip calculation based on the instrument type (Forex or non-Forex).
- Accounts for differences in pip values, such as the 0.01 pip for JPY pairs in Forex.
3. Visual Highlighting:
- Highlights qualifying candles with a customizable background color for easy identification.
- The default color is red, but you can choose any color to match your chart theme.
4. Precision and Efficiency:
- Quickly scans and identifies candles that meet your criteria, saving you time in analyzing charts.
- Works seamlessly across all timeframes and asset classes.
How It Works:
- The indicator calculates the range of each candle in pips by subtracting the low from the high and dividing by the appropriate pip value.
- It checks whether the candle's size falls within the user-defined minimum and maximum pip range.
- If the conditions are met, the background of the candle is highlighted with the specified color, drawing your attention to significant price movements.
Use Case:
- This indicator is ideal for identifying key market moments, such as breakouts, volatility spikes, or significant price movements.
- Traders can use it to quickly locate large candles on any chart, aiding in technical analysis and strategy development.
This tool simplifies the process of spotting important candles, empowering traders to make faster and more informed trading decisions.
FVG Breakout/BreakdownThe FVG Breakout/Breakdown indicator is designed to identify potential breakout and breakdown opportunities in the market, based on the concept of Fair Value Gaps (FVGs). FVGs are areas where price moves too quickly, leaving behind gaps between candlesticks, often seen as areas of inefficiency or imbalance that the market tends to revisit.
Key Concepts:
Fair Value Gaps (FVG):
FVG occurs when a price gap is created between candlesticks, typically when the high of one candle is lower than the low of the previous candle (for a bearish FVG) or the low of one candle is higher than the high of the previous candle (for a bullish FVG).
These gaps represent an imbalance between buying and selling pressure, and the market often revisits them, making them valuable for identifying potential entry points.
Bullish FVG: This occurs when the low of the current candle is higher than the high of the previous candle.
Condition: low > high
Bearish FVG: This occurs when the high of the current candle is lower than the low of the previous candle.
Condition: high < low
Breakout/Breakdown Signals:
Breakout: A bullish breakout signal occurs when the price breaks above a defined resistance level after an FVG gap. This suggests that the market may continue moving higher.
Breakdown: A bearish breakdown signal occurs when the price breaks below a defined support level after an FVG gap. This suggests that the market may continue moving lower.
NWOG (New Week Opening Gap):
The NWOG can be used as an additional factor to confirm the FVG signal. The gap between Friday's close and Monday's open is a crucial level for identifying the start of a new move for the week.
NWOG helps to further refine the timing of breakout or breakdown signals, only triggering them when price moves relative to the Monday Open and shows a new direction.
NWOG with FVGThe New Week Opening Gap (NWOG) and Fair Value Gap (FVG) combined indicator is a trading tool designed to analyze price action and detect potential support, resistance, and trade entry opportunities based on two significant concepts:
New Week Opening Gap (NWOG): The price range between the high and low of the first candle of the new trading week.
Fair Value Gap (FVG): A price imbalance or gap between candlesticks, where price may retrace to fill the gap, indicating potential support or resistance zones.
When combined, these two concepts help traders identify key price levels (from the new week open) and price imbalances (from FVGs), which can act as powerful indicators for potential market reversals, retracements, or continuation trades.
1. New Week Opening Gap (NWOG):
Definition:
The New Week Opening Gap (NWOG) refers to the range between the high and low of the first candle in a new trading week (often, the Monday open in most markets).
Purpose:
NWOG serves as a significant reference point for market behavior throughout the week. Price action relative to this range helps traders identify:
Support and Resistance zones.
Bullish or Bearish sentiment depending on price’s relation to the opening gap levels.
Areas where the market may retrace or reverse before continuing in the primary trend.
How NWOG is Identified:
The high and low of the first candle of the new week are drawn on the chart, and these levels are used to assess the market's behavior relative to this range.
Trading Strategy Using NWOG:
Above the NWOG Range: If price is trading above the NWOG levels, it signals bullish sentiment.
Below the NWOG Range: If price is trading below the NWOG levels, it signals bearish sentiment.
Price Touching the NWOG Levels: If price approaches or breaks through the NWOG levels, it can indicate a potential retracement or reversal.
2. Fair Value Gap (FVG):
Definition:
A Fair Value Gap (FVG) occurs when there is a gap or imbalance between two consecutive candlesticks, where the high of one candle is lower than the low of the next candle (or vice versa), creating a zone that may act as a price imbalance.
Purpose:
FVGs represent an imbalance in price action, often indicating that the market moved too quickly and left behind a price region that was not fully traded.
FVGs can serve as areas where price is likely to retrace to fill the gap, as traders seek to correct the imbalance.
How FVG is Identified:
An FVG is detected if:
Bearish FVG: The high of one candle is less than the low of the next (gap up).
Bullish FVG: The low of one candle is greater than the high of the next (gap down).
The area between the gap is drawn as a shaded region, indicating the FVG zone.
Trading Strategy Using FVG:
Price Filling the FVG: Price is likely to retrace to fill the gap. A reversal candle in the FVG zone can indicate a trade setup.
Support and Resistance: FVG zones can act as support (in a bullish FVG) or resistance (in a bearish FVG) if the price retraces to them.
Combined Strategy: New Week Opening Gap (NWOG) and Fair Value Gap (FVG):
The combined use of NWOG and FVG helps traders pinpoint high-probability price action setups where:
The New Week Opening Gap (NWOG) acts as a major reference level for potential support or resistance.
Fair Value Gaps (FVG) represent market imbalances where price might retrace to, filling the gap before continuing its move.
Signal Logic:
Buy Signal:
Price touches or breaks above the NWOG range (indicating a bullish trend) and there is a bullish FVG present (gap indicating a support area).
Price retraces to fill the bullish FVG, offering a potential buy opportunity.
Sell Signal:
Price touches or breaks below the NWOG range (indicating a bearish trend) and there is a bearish FVG present (gap indicating a resistance area).
Price retraces to fill the bearish FVG, offering a potential sell opportunity.
Example:
Buy Setup:
Price breaks above the NWOG resistance level, and a bullish FVG (gap down) appears below. Traders can wait for price to pull back to fill the gap and then take a long position when confirmation occurs.
Sell Setup:
Price breaks below the NWOG support level, and a bearish FVG (gap up) appears above. Traders can wait for price to retrace and fill the gap before entering a short position.
Key Benefits of the Combined NWOG & FVG Indicator:
Combines Two Key Concepts:
NWOG provides context for the market's overall direction based on the start of the week.
FVG highlights areas where price imbalances exist and where price might retrace to, making it easier to spot entry points.
High-Probability Setups:
By combining these two strategies, the indicator helps traders spot high-probability trades based on major market levels (from NWOG) and price inefficiencies (from FVG).
Helps Identify Reversal and Continuation Opportunities:
FVGs act as potential support and resistance zones, and when combined with the context of the NWOG levels, it gives traders clearer guidance on where price might reverse or continue its trend.
Clear Visual Signals:
The indicator can plot the NWOG levels on the chart, and shade the FVG areas, providing a clean and easy-to-read chart with entry signals marked for buy and sell opportunities.
Conclusion:
The New Week Opening Gap (NWOG) and Fair Value Gap (FVG) combined indicator is a powerful tool for traders who use price action strategies. By incorporating the New Week's opening range and identifying gaps in price action, this indicator helps traders identify potential support and resistance zones, pinpoint entry opportunities, and increase the probability of successful trades.
This combined strategy enhances your analysis by adding layers of confirmation for trades based on significant market levels and price imbalances. Let me know if you'd like more details or modifications!
JCM_MadridThis indicator provides dynamic bar coloring and buy/sell signals based on EMA relationships and price momentum. It allows traders to visually identify trend changes and potential trade opportunities directly on the chart.
Indicator Basics:
Name: The script is titled "JCM_Madrid".
Overlay: It overlays its calculations and outputs directly on the price chart.
User Inputs:
-Range: Defines the length of the EMA (Exponential Moving Average).
-Ref-1 and Ref-2: Set reference lengths for secondary EMAs used in the calculations.
-Source: The price data source for EMA calculations (e.g., close, open, high, low).
-Enable Buy/Sell: Boolean toggles to activate or deactivate buy and sell signals.
Calculations:
EMA Value: Computes the main EMA based on the source and Range.
CloseMA: The difference between the close price and the EMA.
SqzMA: The difference between a secondary EMA (Ref-1) and the main EMA.
RefMA: The difference between another secondary EMA (Ref-2) and the main EMA.
Bar Coloring:
Bars are colored based on the relationship between SqzMA and CloseMA:
Purple: When SqzMA > CloseMA.
Blue: When SqzMA < CloseMA.
Buy/Sell Signals:
A Buy Signal is generated when:
CloseMA crosses from below to above 0.
The close price is higher than the previous close.
Buy signals are enabled.
A Sell Signal is generated when:
CloseMA crosses from above to below 0.
The close price is lower than the previous close.
Sell signals are enabled.
Signals are displayed as labels on the chart:
"Buy": Green label below the candle.
"Sell": Yellow label below the candle
Twiggs Money FlowTwiggs Money Flow (TMF)
This indicator is an implementation of the Twiggs Money Flow (TMF), a volume-based tool designed to measure buying and selling pressure over a specified period. TMF is an enhancement of Chaikin Money Flow (CMF), utilizing more sophisticated smoothing techniques for improved accuracy and reduced noise. This version is highly customizable and includes advanced features for both new and experienced traders.
What is Twiggs Money Flow?
Twiggs Money Flow was developed by Colin Twiggs to provide a clearer picture of market momentum and the balance between buyers and sellers. It uses a combination of price action, trading volume, and range calculations to assess whether a market is under buying or selling pressure.
Unlike traditional volume indicators, TMF incorporates Weighted Moving Averages (WMA) by default but allows for other moving average types (SMA, EMA, VWMA) for added flexibility. This makes it adaptable to various trading styles and market conditions.
Features of This Script:
Customizable Moving Average Types:
Select from SMA , EMA , WMA , or VWMA to smooth volume and price-based calculations.
Tailor the indicator to align with your trading strategy or the asset's behavior.
Optional HMA Smoothing:
Apply Hull Moving Average (HMA) smoothing for a cleaner, faster-reacting TMF line.
Perfect for traders who want to reduce lag and capture trends earlier.
Dynamic Thresholds for Signal Filtering:
Set user-defined thresholds for Long (LT) and Short (ST) signals to highlight significant momentum.
Focus on actionable trends by ignoring noise around neutral levels.
Bar Coloring for Visual Clarity:
Automatically colors your chart bars based on TMF values:
Aqua for strong bullish signals (above the long threshold).
Fuchsia for strong bearish signals (below the short threshold).
Gray for neutral or undecided market conditions.
Ensures that trend direction and strength are visually intuitive.
Configurable Lookback Period:
Adjust the sensitivity of TMF by customizing the length of the lookback period to suit different timeframes and market conditions.
How It Works:
True Range Calculation: The script determines the high, low, and close range to calculate buying and selling pressure.
Adjusted Volume: Incorporates the relationship between price and volume to gauge whether trading activity is favoring buyers or sellers.
Weighted Moving Averages (WMAs): Smooths both volume and adjusted volume values to eliminate erratic fluctuations.
TMF Line: Computes the ratio of adjusted volume to total volume, representing the net buying/selling pressure as a percentage.
HMA Option (if enabled): Smooths the TMF line further to reduce lag and enhance trend identification.
Bar Coloring Logic:
Bars are colored dynamically based on TMF values, thresholds, and smoothing preferences.
Provides an at-a-glance understanding of market conditions.
Input Parameters:
Lookback Period: Defines the number of bars used to calculate TMF (default: 21).
Use HMA Smoothing: Toggle Hull Moving Average smoothing (default: true).
HMA Smoothing Length: Length of the HMA smoothing period (default: 14).
Moving Average Type: Select SMA, EMA, WMA, or VWMA (default: WMA).
Long Threshold (LT): Threshold value above which a long signal is considered (default: 0).
Short Threshold (ST): Threshold value below which a short signal is considered (default: 0).
How to Use It:
Confirm Trends: TMF can validate trends by identifying periods of sustained buying or selling pressure.
Divergence Signals: Watch for divergences between price and TMF to anticipate potential reversals.
Filter Trades: Use the thresholds to ignore weak signals and focus on strong trends.
Combine with Other Indicators: Pair TMF with trend-following or momentum indicators (e.g., RSI, Bollinger Bands) for a comprehensive trading strategy.
Example Use Cases:
Spotting breakouts when TMF crosses above the long threshold.
Identifying sell-offs when TMF dips below the short threshold.
Avoiding sideways markets by ignoring neutral (gray) bars.
Notes:
This indicator is highly customizable, making it versatile across different assets (e.g., stocks, crypto, forex).
While the default settings are robust, tweaking the lookback period, moving average type, and thresholds is recommended for different trading instruments or strategies.
Always backtest thoroughly before applying the indicator to live trading.
This version of Twiggs Money Flow goes beyond standard implementations by offering advanced smoothing, custom thresholds, and enhanced visual feedback to give traders a competitive edge.
Add it to your charts and experience the power of volume-driven analysis!
Single Candle Model-DTFXThe script identifies the candles with engulfing body and marks the 50% of the candle for easy entry based on model of #DTFX single candle entry
Interpreting the Signals:
Look for candles labeled as "BE". These represent significant price action where the range is larger than the previous candle's range.
Pay attention to the 50% line of the "BE" candle:
A green line indicates a bullish "BE" candle.
A red line indicates a bearish "BE" candle.
Watch for Buy ("B") and Sell ("S") labels:
"B": Indicates a potential bullish breakout.
"S": Indicates a potential bearish breakdown.
Alerts:
Configure alerts in TradingView to notify you whenever a "B" or "S" signal is detected. This allows you to act on the signals without constantly monitoring the chart.
Use in Trading Strategies:
Combine this indicator with other tools like support/resistance levels, moving averages, or trend analysis to validate the signals.
Use the midpoint (50% line) of the "BE" candle as a potential reference point for stop-loss or target levels.
Customizations:
Adjust the appearance of labels and lines by modifying their style, color, or placement in the script.
Add filters (e.g., timeframes or volume conditions) to refine the detection of "BE" candles.
This indicator helps traders identify pivotal price movements and act on potential breakouts or breakdowns with clear visual markers and alerts.
MTF Countdown with Direction - AynetIndicator Definition and Inputs:
pineCopyindicator('MTF Countdown with Direction - Aynet', overlay = true)
This code creates a Multiple Time Frame (MTF) countdown indicator with direction
The overlay = true parameter places the indicator on top of the price chart
Timeframe Options:
Users can choose to show/hide the following timeframes:
1 minute
5 minutes
15 minutes
30 minutes
1 hour
4 hours
Daily
Time Calculations:
pineCopyget_current_time()
Calculates the current time
Converts Unix timestamp to seconds
Calculates time since midnight
Returns time broken down into hours, minutes, and seconds
Countdown Calculation:
pineCopyget_period_countdown(period_seconds)
Calculates remaining time for each timeframe
Computes elapsed time in current period
Returns remaining time in hours, minutes, and seconds
Direction and Closing Price Calculation:
Separate functions for each timeframe (get_direction_and_close_1m(), get_direction_and_close_5m(), etc.)
Each function:
Gets current closing price
Compares with previous closing price
Determines direction (up: 1, down: -1, sideways: 0)
Returns direction and closing price
Table Creation and Updates:
Creates a table in the top right corner
Table consists of 4 columns:
Period (Timeframe)
Time Left (Remaining time)
Direction (Shown with arrows)
Close (Closing price)
Each row has a different background color
Direction arrows:
Green up arrow (▲): Price rising
Red down arrow (▼): Price falling
Gray line (―): Price sideways
Dynamic Data Structures:
pineCopyvar timeframes = array.new_int()
var timeframe_names = array.new_string()
var show_array = array.new_bool()
Uses dynamic arrays for timeframes
Adds selected timeframes to arrays on first run
Key Features:
Shows remaining time until period close
Displays price direction for each timeframe
Shows current closing prices
All information in a single, easy-to-read table
This indicator helps traders by providing a comprehensive view of:
When each timeframe will close
The direction of price movement
Current closing prices
across multiple timeframes in a single table, making it easier to track market movements across different time periods.
The color-coding and arrow system makes it visually intuitive to understand market direction at a glance, while the countdown timer helps with timing decisions.
Enigma Endgame with Dynamic Trend-Based FibonacciThe Enigma Endgame script combines dynamic trend-based Fibonacci levels with the core principles of the ENIGMA strategy. It provides traders with actionable signals by identifying key levels of fractal support and resistance and highlighting opportunities to trade with market momentum. This tool is designed for multi-timeframe analysis and is especially effective during high-volatility sessions like London and New York.
Purpose and Usefulness
This script was developed to simplify complex market dynamics by integrating Fibonacci principles with ENIGMA's logic of fractal support and resistance. Traders can use it to:
- Identify key breakout and retracement levels dynamically.
- Understand the shift between support and resistance as price action evolves.
- Gain confidence in their entries with real-time signals derived from logical fractal behavior.
By merging Fibonacci levels with fractal-based trading insights, this script offers a unique and comprehensive approach to analyzing market structure.
How It Works
The script uses a dual approach to provide insights:
1. Dynamic Fibonacci Levels:
- Automatically plots Fibonacci retracement and extension levels based on recent high and low swings, adjusting dynamically to current market trends.
- Allows traders to visualize key levels where price might reverse or extend.
2. Fractal Support and Resistance Logic:
- The script identifies fractal support and resistance by analyzing candle formations.
- When a candle body closes below the low of a previous candle, the previous low, which was fractal support, now becomes fractal resistance. The script generates a bearish signal, encouraging traders to look for sell opportunities at or above the previous low.
- Conversely, when a candle body closes above the high of a previous candle, the previous high, which was fractal resistance, becomes fractal support. The script generates a bullish signal, encouraging traders to look for buy opportunities at or below the previous high.
Real-Time Signals
The script marks these transitions with arrows on the chart:
- Bearish arrows indicate broken fractal support turning into resistance.
- Bullish arrows** indicate broken fractal resistance turning into support.
These signals help traders stay aligned with the trend and trade with market momentum.
Key Features
1. Session-Based Analysis: Focuses on high-probability setups by allowing traders to customize session times, such as London or US sessions.
2. Multi-Timeframe Support: Works seamlessly across multiple timeframes for both scalpers and swing traders.
3. Real-Time Alerts: Sends customizable alerts when price interacts with critical Fibonacci levels or fractal support/resistance shifts.
How to Use the Script
1. Apply the script to a clean chart for clear visualization. Avoid combining it with other scripts unless necessary.
2. Use the arrows to identify shifts in fractal support and resistance and validate opportunities for buy/sell trades.
3. Monitor the dynamic Fibonacci levels to find confluence with key price areas.
4. Customize session times to focus on high-probability trading hours.
Key Notes for Traders
- This script provides insights based on logical market structure but should be used alongside proper risk management and trading plans.
- The fractal-based approach works well in conjunction with dynamic Fibonacci levels, helping traders build confidence in their strategy.
- Adapt the script settings to match your unique trading style and timeframe preferences.
By offering a seamless integration of fractal logic and Fibonacci principles, Enigma Endgame empowers traders with actionable insights to navigate markets effectively.
Santa's Adventure [AlgoAlpha]Introducing "Santa's Adventure," a unique and festive TradingView indicator designed to bring the holiday spirit to your trading charts. With this indicator, watch as Santa, his sleigh, Rudolf the reindeer, and a flurry of snowflakes come to life, creating a cheerful visual experience while you monitor the markets.
Key Features:
🎁 Dynamic Santa Sleigh Visualization : Santa's sleigh, Rudolf, and holiday presents adapt to price movements and chart structure.
🎨 Customizable Holiday Colors : Adjust colors for Santa’s outfit, Rudolf’s nose, sleigh, presents, and more.
❄️ Realistic Snow Animation : A cascade of snowflakes decorates your charts, with density and range adjustable to suit your preferences.
📏 Adaptive Scaling : All visuals scale based on price volatility and market dynamics.
🔄 Rotation by Trend : Santa and his entourage tilt to reflect market trends, making it both functional and fun!
How to Use :
Add the Indicator to Your Chart : Search for "Santa's Adventure" in the TradingView indicator library and add it to your favorites. Use the input menu to adjust snow density, sleigh colors, and other festive elements to match your trading style or holiday mood.
Observe the Market : Watch Santa’s sleigh glide across the chart while Rudolf leads the way, with snowflakes gently falling to enhance the visual charm.
How It Works :
The indicator uses price volatility and market data to dynamically position Santa, his sleigh, Rudolf, and presents on the chart. Santa's Sleigh angle adjusts based on price trends, reflecting market direction. Santa's sleigh and the snowstorm are plotted using advanced polyline arrays for a smooth and interactive display. A festive algorithm powers the snowfall animation, ensuring a consistent and immersive holiday atmosphere. The visuals are built to adapt seamlessly to any market environment, combining holiday cheer with market insights.
Add "Santa's Adventure" to your TradingView charts today and bring the holiday spirit to your trading journey, Merry Christmas! 🎅🎄
