Engulfing Candle Rejection IndicatorThis indicator allows you to filter noisy chart, with engulfing candles which have been rejected from current trend lines. Trend lines by default are 21 MA (fast) and 10 MA (slow one). If fast moving average is greater than slower one, automatically indicator would represent that like uptrend, and if opposite then like a downtrend.
Consider to work only on higher time frames like 1H and higher, so you really can find only best entries.
Have fun, best wishes!
Forex
Volatility Adjusted Grid [Gann]█ OVERVIEW
Gann Square of 9 is one of the many brilliant concepts from W.D.Gann himself where it revolves around the idea that price is moving in a certain geometrical pattern. Numbers on the Square of 9 spiral tables, especially those lie in every 45degree in the chart act as key vibration levels where prices have tendency to react to (more on the table below).
There are few square of 9 related scripts here in Tradingview and while there's nothing wrong with them, it doesn't address 1 particular issue that i have: The numbers can be too rigid even when scaled based on current price because the levels are fixed, which makes them not tradable on certain timeframes depending on where the price currently sitting.
Heres 5min and 1hour Bitcoin chart to illustrate what i mean: Grey line on the left is based on Volatility Adjusted levels, while red/blue on the right are the standard Gann levels.
You can see that on 1hour chart, it provides a good levels (both Volatility Adjusted and the standard one happened to share the same multiplier in this case),
1Hour Chart:
On 5 min chart tells a different story as the range between blue/red levels can be deemed as to big for a short term trade, while the grey line is adjusted to suit that particular timeframe (You can still adjust to make it bigger/smaller from the settings, more on this below)
5Min Chart:
█ Little bit on Gann Square of 9 table
This is the square of nine table, the numbers highlighted in Red are known as Cardinal Cross and considered to be a major Support/Resistance while those in Blue color are known as Ordinal Cross considered as minor (but still important) Support/Resistance levels
Similarly, this script use these numbers (and certain multipliers) to print out the levels, with Cardinal numbers represented by solid lines and Ordinal numbers by dotted lines.
█ How it Works and Limitations
The Volatility Adjusted grid will go through several iterations of different multipliers to find the Gann number range that is at least bigger than times ATR. Because it's using ATR to determine the range, occasionally you'll notice that the line become smaller as ATR contracting (and vice versa). To overcome this, you can change the size range multiplier from the settings to retrieve the previous range size.
Use the size guide at the bottom left to find the multiplier that suits your need:
1st Row -> Previous Range -- Change Range Size to number lower than this to get a smaller range
2nd Row -> Next Range -- Change Range Size to number higher than this to get a larger range
Example:
Before:
After:
As you'll soon realise, the key here is to find the range that fits the historical structure and suits your own strategy. Enjoy :)
█ Disclaimer
Past performance is not an indicator of future results.
My opinions and research are my own and do not constitute financial advice in any way whatsoever.
Nothing published by me constitutes an investment recommendation, nor should any data or Content published by me be relied upon for any investment/trading activities.
I strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.
Any ideas to further improve this indicator are welcome :)
[NH] Forex SessionsOverview of the 3 main forex trading sessions (New York, London, Tokyo) with alerts and a clean, minimalistic look.
New York:
8:00 am - 5:00 pm EST
London:
3:00 am - 12:00 pm EST
Tokyo:
7:00 pm - 4:00 am EST
Directional Strength Panel█ OVERVIEW
The panel display trend momentum of selected coins/symbol (up to 6) based on the Arnaud Legoux Moving Average (ALMA). I'm using ALMA to measure the trend because it resolves 2 main issue of the more common moving averages, smoothing and responsiveness. By removing the minor fluctuations in price without sacrificing the responsiveness, the trend become much more clearer and easier to be measured.
In essence, as the meter approaches 100, it means the ALMA is pointing up (0 means pointing down)
█ Features
- Adjustable ALMA settings with options to turn on/off display the ALMA on current chart
- Select 6 symbols of your choice to be monitored in the settings (You have to manually update the label to display)
- Working on all timeframes
- Switch the panel color to suit background chart theme (Light/Dark)
█ Developer Notes
I'm working with table a lot lately and decided to publish this as a sample if anyone wishes to edit the script to display whatever they want. main calculation in get_data() function should be clamped to value between 0-100. As for the panel size, you can edit the row_max (currently set to 20 and 40) if you need it to be smaller or bigger (**i feel anything smaller than 16 is ugly)
█ Disclaimer
Past performance is not an indicator of future results.
My opinions and research are my own and do not constitute financial advice in any way whatsoever.
Nothing published by me constitutes an investment recommendation, nor should any data or Content published by me be relied upon for any investment/trading activities.
I strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.
Any ideas to further improve this indicator are welcome :)
Central Bank Interest RatesThis indicator will show central bank interest rates on any major currency pairs.
I included the last 10 values for the study and will update them with future changes.
Major currencies: USD, CAD, NZD, AUD, JPY, EUR, CHF, GBP
I might add CZK, TRY, ZAR, and Yuan in the future.
Sideways detection bollinger bandsSideways detection indicator using Bollinger bands .
In this case we take the original ratio between lower and upper and we smooth it even harder in order to get a better idea about the accuracy of the trend.
If the initial ratio is not between 0 and 1 and the smooth ratio is higher than our selected value, we get an idea if we are a in trending market or not.
Of course using it as a standalone has no usage, and it has to be combined with other tools like moving average, oscillators and so on.
IF you have any questions let me know
3x EMA fast, 3 x MA slow + BB + PsarThis is a trend system which combines multiple fast EMA + mulitple slower SMA together with bollinger band channel and PSAR.
For entry rules the ones that I use are:
Long
We are inside BB channel, psar is ascending, and our close is above all moving averages or below all EMA'S + 1 SMA
WE can exit either when our close is below all EMA's or when PSAR is descending or when we hit upper/lower BB levels
Short
We are inside BB channel, psar is descnending, and our close is below all moving averages or below all EMA's + 1 SMA
WE can exit either when our close is above all EMA's or when PSAR is ascending or when we hit upper/lower BB levels
If you have any questions, let me know
[astropark] Moon Phases [alarms]Dear Followers,
today I'm glad to present you an indicator which calculates Moon Phases and let's you set an alert over it.
This is a public free indicator based on the public one by @paaax:
I added my usual alert system logic, plus some more customization inputs for easy coloring.
The lower the timeframe you use it and set your alerts on, the more precise the alert value you get.
Here below the script for backtesting it:
Enjoy!
-- astropark
quarter level dinamicLimited quarter level script but more flexible in compared to my FX script, same logic behind
quarter level 0.5 to 2.0This script could help to see edged level for a reverse on forex, not for yen pairs and is based on quarter and round number theory.
I suggest to use it on H4 timeframe or lower to have a confermation on support or resistance level.
Stronger Classical Support/Resistance + Round LevelsI wrote some Support/Resistance scripts before this. In this new script, I implemented the logic of the code from the scratch, so it's very different from my previous S/R indicators and I think it's more advanced, accurate and efficient.
As the result it could do the followings for now:
- Draw more strong classical resistance/support levels by checking previous direction changes of the chart as far as Pine technically allows
- Colorize the levels based on the counted points of retracement/pullback (The darker the color is, the stronger the level is.)
- Show the number of reactions to each level
- Change the color of each level based on its main role as support, resistance or both
- Draw close round levels to current price for Forex pairs
I suggest all users of my previous S/R indicators to try this one.
Feel free to send me any issue or opinion!
Matrix Series and Vix Fix with VWAP CCI and QQE SignalsBased on @ChrisMoody Williams_VIX_Fix and @glaz Matrix Series .
This indicator identify potential zone of reversal according to momentum and volatility.
Includes VWAP CCI and QQE Signals.
V2_Major_Trend_FinderThis script is a major trend following script. The calculations use Keltner Channels, moving averages and RSI.
The indicator is simple to follow:
Green Candlesticks indicate more bullish momentum expected
Red Candlesticks indicate more bearish momentum expected
blue dots are possible long ideas due to RSI oversold
Orange dots are possible short ideas due to RSI overbought
olive line is a one year moving average
The script is open for those looking for deeper understanding of the script.
Many Regards
Sulaiman
Ehler Fisher applied on distance EMAThis is an improved version of Fisher, which use as a source the distance from EMA , compared to the initial source which was on the close of a candle.
It can be used in any market, any time frame .
For conditions we have multiple conditions for the logic, in this case initially if our fisher is above 0 is a long direction ,if its belowe 0 its a short direction.
Also we can improve this condition even further, in this case if we cross up our previous line its a buy signal, and if we cross down its a sell signal.
For best usage combine the cross together with the position of fisher respecting the 0.
If you have any other questions, let me know with a private message.
Dynamic Take Profit & Signals (AussieBogan)Dynamic Take Profit & Signals (DTS) help us to dynamically place potential take profit levels. These levels are measured based on standard deviation in conjunction with swing high and low points. Head over to the settings to control your take profit and multiplicative factor setting.
In short, higher values of either setting will return more spread out between tp's. The logic behind using the standard deviation is that a low value of it will return tp closer to where you entered the trade, as such it will have higher chances of the price reaching them.
The Indicator also has alert features for buy and sell so any trader can be aware of every potential signal the indicator produces.
Analog/Digital World Clock by DGTWorld Clocks - something for fun
Happy New Year!
ps: in case no update on the charts then the clock will not update too and will lag or stop till a new update is received
Swing Reversal IndicatorSwing Reversal Indicator was meant to help identify pivot points on the chart which indicate momentum to buy and sell. The indicator uses 3 main questions to help plot the points:
Criteria
Did price take out yesterday's high or low?
Is today's range bigger than yesterday? (Indicates activity in price)
Is the close in the upper/lower portion of the candle? Thus, indicating momentum in that direction
This indicator was built to help me find pivot points for directional options trading however can be used for equities and forex swing trading and other strategies. Used in conjunction with a BB extreme can provide good setups.
Alerts are available for both the long and the short positions and the indicator will repaint as price moves.
The character Plotted can be changed in the settings
The size of the candle area can be changed as well if you want to tighten/loosen the trigger points based on the third question above.
Trendy Bar Trend Color LiteLite version of the original Trendy Bar Trend Color
This will only color the candlestick body of your chart
Can be used with solid, hollow, renko, or any other chart type
Custom coloring for Highs, Lows, and consolidation is removed
Ultimate VWAP Bands- Ultimate VWAP Bands is a script that helps to decide and further clarify areas of oversold and overbought conditions.
- For example, when the price is in the lowest band it is extremely oversold relative to the VWAP . Hence it should be considered a good place to buy with a high risk to reward payoff.
- Each band is set at a fixed offset away from the VWAP . The "VWAP Band Multiplier" adjusts this and is a key part of the script. This allows the indicator to be adjusted based on the assets volatility . For example, with Crypto. A multiplier of 1 would be strongly advised. Whilst a multiplier of 0.1-0.25 would be useful for currency pairs.
- This indicator can be used for all manners of trading. However, it is most effective when used for scalping and swing trading.
Dynamic Dots Dashboard (a Cloud/ZLEMA Composite)The purpose of this indicator is to provide an easy-to-read binary dashboard of where the current price is relative to key dynamic supports and resistances. The concept is simple, if a dynamic s/r is currently acting as a resistance, the indicator plots a dot above the histogram in the red box. If a dynamic s/r is acting as support, a dot is plotted in the green box below.
There are some additional features, but the dot graphs are king.
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KEY:
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Currently the dynamic s/r's being used in the dot plots are:
Ichimoku Cloud:
Tenkan (blue)
Kijun (pink)
Senkou A (red)
Senkou B (green)
ZLEMA (Zero Lag Exponential Moving Average)
99 ZLEMA (lavender)
200 ZLEMA (salmon)
You'll see a dashed line through the middle of the resistances section (red) and supports section (green). Cloud indicators are plotted above the dashed line, and ZLEMA's are below.
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How it Works - Visual
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As stated in the intro - if a dynamic s/r is currently above the current price and acting as a resistance, the indicator plots a dot above the histogram in the red box. If a dynamic s/r is acting as support, a dot is plotted in the green box below. Additionally, there is an optional histogram (default is on) that will further visualize this relationship. The histogram is a simple summation of the resistances above and the supports below.
Here's a visual to assist with what that means. This chart includes all of those dynamic s/r's in the dynamic dot dashboard (the on-chart parts are individually added, not part of this tool).
You can see that as a dynamic support is lost, the corresponding dot is moved from the supports section at the bottom (green), to the resistances section at the top (red). The opposite being true as resistances are being overtaken (broken resistances are moved to the support section (red)). You can see that the raw chart is just... a mess. Which kinda of accentuates one of the key goals of this indicator: to get all that dynamic support info without a mess of a chart like that.
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How To Use It
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There are a lot of ways to use this information, but the most notable of which is to detect shifts in the market cycle.
For this example, take a look at the dynamic s/r dots in the resistances category (red background). You can see clearly that there are distinctive blocks of high density dots that have clear beginnings and ends. When we transition from a high density of dots to none in resistances, that means we are flipping them as support and entering a bull cycle. On the other hand, when we go from low density of dots as resistances to high density, we're pivoting to a bear cycle. Easy as that, you can quickly detect when market cycles are beginning or ending.
Alternatively, you can add your preferred linear SR's, fibs, etc. to the chart and quickly glance at the dashboard to gauge how dynamic SR's may be contributing to the risk of your trade.
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Who It's For
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New traders: by looking at dot density alone, you can use Dot Dynamics to spot transitionary phases in market cycles.
Experienced traders: keep your charts clean and the information easy to digest.
Developers: I created this originally as a starting point for more complex algos I'm working on. One algo is reading this dot dashboard and taking a position size relative to the s/r's above and below. Another cloud algo is using the results as inputs to spot good setups.
Colored Bars
There is an option (off by default, shown in the headline image above) to fill the bar colors based on how many dynamic s/r's are above or below the current price. This can make things easier for some users, confusing for others. I defaulted them to off as I don't want colors to confuse the primary value proposition of the indicators, which is the dot heat map. You can turn on colored bars in the settings.
One thing to note with the colored bars: they plot the color purely by the dot densities. Random spikes in the gradient colors (i.e. red to lime or green) can be a useful thing to notice, as they commonly occur at places where the price is bouncing between dynamic s/r's and can indicate a paradigm shift in the market cycle.
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Timeframes and Assets
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This can be used effectively on all assets (stocks, crypto, forex, etc) and all time frames. As always with any indicator, the higher TF's are generally respected more than lower TF's.
Thanks for checking it out! I've been trading crypto for years and am just now beginning to publish my ideas, secret-sauce scripts and handy tools (like this one). If you enjoyed this indicator and would like to see more, a like and a follow is greatly appreciated 😁.
London Open Range Breakout by KviateqThis script is what I currently use to day trade forex on a 5-minute timeframe.
The script features Multi-timeframe EMA20 that uses timeframe multipliers and is smoother by the factor by which you're multiplying your current timeframe.
Default settings are set to display EMA20 on the current (M5) timeframe, as well as M15, H1, H4 and D1 timeframes.
The background color changes intensity based on how many conditions are met - are all EMAs in the right order, is the current close above/below all the EMAs.
Featured is also a range set to 1 hour since the London breakout (can be changed to M15, or however long you'd like - my current setting is 30 minute).
Also featured are levels that I find to be of most importance - such as Daily and Weekly Open, Previous Day's and Week's Highs.
The idea is to only take trades when all stars align - EMAs, break above/below the Opening Range and not to long/short into an important level.
Efficient Support & Resistance LevelsThis script is a mixture of my two previous scripts "True Strong Classical Support/Resistance Levels" and "Hidden Supports & Resistances + Round Levels". This combination brings on better identification of the most efficient support/resistance levels.
Note that "Hidden SnR Levels" part of the code is only expected to work on Forex charts, but apart from that, the other parts could be applied to any chart.
The script may:
- Draw classical support/resistance levels which retraced the price previously, aided by multi-timeframe analysis
- Draw hidden support/resistance levels based on psychological patterns of the price
- Adjust to wicks better than Pine Script built-in pivot functions
- Differ the levels color based on chart reactions
- Merge nearby classical levels to avoid congestion on the chart
Feel free to use it and send me your thoughts.
