DMI-ADX HistogramThe Average Direction Index (ADX) coupled with the Direction Movement Index (DMI), developed by J. Welles Wilder, is a popular indicator that measures trend direction and strength.
The AX line (blue) is used to show the strength of the current trend. It does not tell you the trend direction. The under laid histogram shows relative movements of the price with green showing positive momentum and red showing negative momentum. Use these ADX and DMI together to find trend strength and direction.
- ADX line below 20 indicates that the underlying is in accumulation/distribution.
- ADX line above 20 mean that the underlying is trending with over 60 being very strong.
*When the ADX line is below 20 it is likely to see many reversal signals on the DMI Histogram. It is best to use the DMI signals when the ADX line is above 20 or higher. This is also a good level to play around with.
Motivation
Normally the direction movements are plotted as lines with the DI+ being green and the DI- being red. When the DI+ (green) crosses over DI- (red) this may indicate a buy signal, and vice versa. I found this visual representation made it difficult to see signals as well as lacked the ability to easy see the relative strength of other moves.
I have also noticed that the histogram values will periodically cross the ADX line, but not for very long periods. This could be a useful signal to explore further in the future.
In this image the top indicator is using the normal DI+/- lines, where the bottom indicator is using an absolute histogram.
Recherche dans les scripts pour "20年美元汇率"
angle bar colors [LM]Hello guys,
I would like to introduce you angle bar colors indicator. It colors bars depending the angle of the bar x length back and current one
lime angle > 70 degrees
green 20 < angle < 70 degrees
orange 0 > angle <= 20 degrees
purple 0 > angle >= -20 degrees
red -20 > angle > -70 degrees
maroon angle < -70 degrees
Any suggestions are welcome
ADX + DI x Upgraded to Pine v4 x KingThiesAverage Directional Movement Index
Momentum based tool to measure trend strength on scale of 1-100
Similar to the aroon but incorporates a 3rd measure, while aroon uses two
The majority of these calculations were pre-existing in older pine scripts but have since been updated
signals are given when -DI and +DI cross, ADX illustrates corresponding strength at time of cross
Full Intro
ADX can help investors to identify trend strengths, as di - di determines the trend direction, while d - d is an impulse indicator. If the ADX is below 20, it can be considered impulsive, while it is above 25 on a trend line.
A trading signal can be generated when the di - DI line is switched to d - d and vice versa. If the di-line crosses and the ADX is above 20 (ideally 25), a potential buy signal could ebb away.
If the ADX is above 20, there is the possibility of potential short selling if the DI crosses over DI. You can also use crosses to get out of the current deal if you need it for a long time.
If the di-line is crossed and the Adx is below 20 (or 25), there may be opportunities to enter the potential for short trading, but only if di are above or below DI or if the price is trendy and may not prove to be the ideal time to start trading.
Weeknights Donchian CloudDonchian Channel Trading system visualised as a cloud.
Regular/Quick inputs;
Length: 20
Entry Length: 20
Stop Length: 10
Alternate/Slower Inputs;
Length: 55
Entry Length: 55
Stop Length: 20
For a more in-depth review, look up "Turtle Trading" rules
The simplest way to use the cloud;
-When the cloud flips from above to below (support), close any shorts and open a long
-When the cloud flips from below to above (resistance), close any longs and open a short
-Cloud is flipped based on a breakout on the high / low
-Most effectively used on the daily, but can be used on any time frame
-For traditional markets, an input of 20 is most commonly used
-For 24/7 markets, an input of 28 is most commonly used
-Find an input that makes the most sense to you!
I appreciate any feedback, feel free to message me on twitter / comment!
Twitter ; @ImWeeknight
Credit to user KivancOzbilgic for helping with the script
Trend QualityThe quality of the current trend is calculated by adding or subtracting
one point to the total value depending on the following criteras:
1. EMA-8, MA-20, MA-50, MA-100, MA-200 , each get a point if they are increasing.
2. EMA-8 > MA-20 > MA-20 > MA-50 > MA-100 > MA-200 , each condition that is true gets one point.
On top of the Trend Quality value we apply a "weekly" (5 periods) and
a "monthly" (22 periods) moving average.
When above a value of 5, a strong trend is indicated and hence
a trend following strategy should be used.
Use this to Buy when bouncing back from e.g MA-20 or a confirming
consolidation/candlestick/trendline pattern.
When the trend decreases below Zero a trend shift may have occured.
Idea, curtesy: Tobbe Rosèn
Simple Moving Average Double HelixThis one is a mix of colour-coded moving averages and Ichimoku. It features two pairs of SMAs--default values of 9/20 and 50/200. Each SMA will be green when it rises and red when it falls. The spaces between each pair will fill with green or red depending on which line is on top. 9 over 20 or 50 over 200 makes a green cloud; if 9 or 50 falls below, the cloud will switch to green.
There's also the Ichimoku lagging span and a 35-period SMA (grey) that can be used as a trailing stop loss guideline.
Ideal long setup:
9, 20, 50, and 200 SMA are all green
both clouds are green
lagging span is above historic price action
Ideal short setup:
9, 20, 50, and 200 SMA are all red
both clouds are red
lagging span is below historic price action
TA Basics: further "Steps" with our Moving AverageSo far in this series of posts, we have worked thru creating a basic zero-lag moving average, then moved forward all the way to coding a "Fibonacci" Weighted Moving Average.
in this post we take a look at a technique that can help traders minimize noise in the underlying data and get better insight on the changes that are happening in the data series represented by the moving average. we'll look at adding "stepping" to our Fibonacci Moving Average as an example. we introduce the Stepping Fibonacci Moving Average , or Step_FiMA
note that you can use the same technique with any plot you may have. feel free to copy or leverage the relevant parts of the script - the script is commented to make this easier.
How is this useful?
==================
with "stepping", you get your indicator to "round" the outcome into pre-specified bands or ranges. this works very similar to how, for example, range or Renko charts work. you can easily see the difference in the chart above once we look at a non-stepped and a stepping moving average of the same length side-by-side
the more granular your timeframe is, you will see the effect of the stepping clearer - here's how the same chart looks when we go into the 1-hr aggregation
Notes about this script
====================
there are couple of pieces i wanted to highlight in the script if you plan to use some of it :
1 - the step(x) function is meant to try to automatically pick the best "suitable" step size based on the range of the underlying series (for example, the closing price). these ranges i included here in the code are just my own "best choices" - you are totally welcome to adjust these ranges and the resulting step size to your own preference
2 - we applied the stepping as a user-choice. user can choose a manual entry, or "0" to get the code to automatically pick the step size, or enter -1 (or actually any value below zero) to cancel the stepping option altogether - this gives us some flexibility on how to use the stepping in an indicator
3 - very important (and somehow confusing): on the "rounding" approach:
the magic math formula that actually creates the stepping is this one
result = round(input / step) * step
now, this tells the script to "round" the result up or down (the basic rounding) -- so for example, a price of 17 with a step of 5 would be rounded (down) to 15, where as a price of 18 would be rounded "up" to 20 -- this is not the way some of us would expect or want, cause the price never reached 20 and they would want an 18 to still be rounded to 15 - and the stepping line not to show 20 *until* the price actually hits or exceeds 20 -- in that case, you would need to replace the function "round" with the function "floor" --
so the new formula becomes: floor(input / step) * step
-- in an ideal world, we can make this rounding choice a user-option in the settings -- maybe in an improved version
4 - we kept the smoothing option, and it takes place before the stepping is applied - we continue to use that smoothing to further minimize the level changes in the FiMA line.
I hope you find this script useful in your journey with technical analysis and DIY scripting, and good luck in your trading.
BTC and ETH Long strategy - version 1I will start with a small introduction about myself. I'm now trading cryto currencies manually for almost 2 years. I decided to start after watching a documentary on the TV showing people who made big money during the Bitcoin pump which happened at the end of 2017.
The next day, I asked myself "Why should I not give it a try and learn how to trade".
This was in February 2018 and the price of Bitcoin was around 11500USD.
I didn't know how to trade. In fact, I didn't know the trading industry at all.
So, my first step into trading was to open an account with a broken. Then I directly bought 200$ worst of BTC . At that time, I saw the graph and thought "This can only go back in the upward direction!" :)
I didn't know anything about Stop loss, Take profit and Risk management.
Today, almost 2 years after, I think that I know how to trade and can also confirm that I still hold this bag of 200$ of bitcoin from 2018 :)
I did spend the 2 last years to learn technical analysis , risk management and leverage trading.
Today (14/05/2020), I know what I'm doing and I'm happy to see that the 2 last years have been positive in terms of gains. Of course, I did not make crazy money with my saving but at least I made more than if I would have kept it in my bank account.
Even if I like trading, I have a full time job which requires my full energy and lots of focus, so, the biggest problem I had is that I didn't have enough time to look at the charts.
Also, I realized that sometimes, neither technical analysis , nor fundamentals worked with crypto currency (at least for short time trading). So, as I have a developer background I decided to try to have a look at algo trading.
The goal for me was neither to make complex algos nor to beat the market but just to automate my trading with simple bot catching the big waves.
I then started to take a look at TV pine script and played with it.
I did my first LONG script in February 2020 to Long the BTC Market. It has some limitations but works well enough for me for the time being. Even if the real trades will bring me half of what the back testing shows, this will still be a lot more than what I was used to win during the last 2 years with my manual trading.
So, here we are! Below you will find some details about my first LONG script. I'm happy to share it with you.
Feel free to play with it, give your comments and bring improvements to it.
But please note that it only works fine with the candle size and crypto pair that I have mentioned below. If you use other settings this algo might loose money!
- Crypto pairs : XBTUSD and ETHXBT
- Candle size: 2 Hours
- Indicator used: Volatility , MACD (12, 26, 7), SMA (100), SMA (200), EMA (20)
- Default StopLoss: -1.5%
- Entry in position if: Volatility < 2%
AND MACD moving up
AND AME (20) moving up
AND SMA (100) moving up
AND SMA (200) moving up
AND EMA (20) > SAM (100)
AND SMA (100) > SMA (200)
- Exit the postion if: Stoploss is reached
OR EMA (20) crossUnder SMA (100)
Here is a summary of the results for this script:
XBTUSD : 01/01/2019 --> 14/05/2020 = +107%
ETHXBT : 01/01/2019 --> 14/05/2020 = +39%
ETHUSD : 01/01/2019 --> 14/05/2020 = +112%
It is far away from being perfect. There are still plenty of things which can be done to improve it but I just wanted to share it :) .
Enjoy playing with it....
BO - Bar M15 2/3 SignalBO - Bar M15 2/3 Signal show the signal to trade Binary Option with rule below:
A. Indicator
* Bollinger Band (20,2): avoid waterfall
B. Rule of Signal
1. Rule1: Split Bar M15 to 3 part and load them on M5 chart (recommend use M5 IDC chart)
2. Rule 2: Delay 10' after bar M15 open => wait for price's pattern
3. Rule 3: Put Signal row 30-32
* Delay 10' after bar M15 open.
* Direction of 1/3 and 2/3 Bar M15 is upward
* close of 2/3 Bar M15 below upper band Bb(20,2) on M5 chart => avoid strong buy
4. Rule 4: Call Signal row 36-38
* Delay 10' after bar M15 open.
* Direction of 1/3 and 2/3 Bar M15 is downward
* close of 2/3 Bar M15 above lower band Bb(20,2) on M5 chart => avoid strong sell
C. Recommend Expiry time: Bar M15 close
* We try to catch the shadow of Bar M15 but dont trade when price run on the upper or lower band of BB(20,2,M5)
Average Candle Length 2.0This script will tell you the following:
• Average length of all the candles (wick to wick) for the last 20 candles
-- shown in blue
• Average length of bull (green) candles (wick to wick) for the last 20 candles
-- shown in green
• Average length of bear (red) candles (wick to wick) for the last 20 candles
-- shown in red
___________________________________________
Inputs:
• # of Candles to analyze (default = 20)
Pivot trend indicatorThis is a LAGGING indicator which can provide a good indication of trend. It require a certain (configurable) number of candles to have closed before it can determine whether a pivot has formed.
It provides a 20 period SMA for the timeframe of your choice which is color coded to show the trend according to confirmed pivots.
Anticipated usage:
Long / Short bias is determined by pivot trend
Trader seeks entries according to their strategy
Black consolidation areas may trigger a re-evaluation of the trade and can serve as good profit taking areas
The SMA colors:
Green -> Higher highs & Higher lows
Red -> Lower highs & Lowers lows
Black -> No clear trend from the pivots
Why the 20 SMA?
Feel free to adjust it for your purposes. I personally find that using a higher time frame 20 SMA is a better indication of trend than longer period MAs on shorter time frames. This can be seen from comparing the 20 daily SMA and 200 hourly SMA.
Pivot adjustment
The pivots use the selected time frame (not) the MA trend time frame. You can specify the left and right candles required to confirm a pivot
VIX reversion-Buschi
English:
A significant intraday reversion (commonly used: 3 points) on a high (over 20 points) S&P 500 Volatility Index (VIX) can be a sign of a market bottom, because there is the assumption that some of the "big guys" liquidated their options / insurances because the worst is over.
This indicator shows these reversions (3 points as default) when the VIX was over 20 points. The character "R" is then shown directly over the daily column, the VIX need not to be loaded explicitly.
Deutsch:
Eine deutliche Intraday-Umkehr (3 Punkte im Normalfall) bei einem hohen (über 20 Punkte) S&P 500 Volatility Index (VIX) kann ein Zeichen für eine Bodenbildung im Markt sein, weil möglicherweise einige "große Jungs" ihre Optionen / Versicherungen auflösen, weil das schlimmste vorbei ist.
Dieser Indikator zeigt diese Umkehr (Standardwert: 3 Punkte), wenn der VIX vorher über 20 Punkte lag. Der Buchstabe "R" wird dabei direkt über dem Tagesbalken angezeigt, wobei der VIX nicht explizit geladen werden muss.
Triple Moving Average HeatmapHi everyone
I didn't publish on Friday because I was working on an Expert Advisor in MT4. The day I don't publish, some scripts spamming guys published many (not useful) scripts the same to kick me out of the TOP #1 ranking.
So what I'm going to do about it? crying or sharing more quality scripts than before? :)
I guess you know the answer :) I'm gonna share a few quality scripts that I have in my library. I noticed that you guys tend to like more the scripts useful for your trading actually making you money rather than a copy-paste (of another copy-paste)
Alright, enough for the trolling now let's introduce the Three MA heatmap which is an upgrade of that script : MA-heatmap-Double-cross-edition/
The challenge was to keep the heatmap not rolling and to make it match with the MA cross. I did it using this
```
since_ma_buy = barssince(macrossover)
since_ma_sell = barssince(macrossunder)
heatmap_color() =>
since_ma_buy < since_ma_sell ? color.new(color.green, 20) : since_ma_buy > since_ma_sell ? color.new(color.red, 20) : na
```
This is a technique that I found after drinking three glasses of red wine (#french) to keep the heatmap stable and not rolling.
To get what I'm saying I invite you to replace the piece of code above by what everyone would normally do
```
heatmap_color() =>
macrossunder() ? color.new(color.green, 20) : macrossover() ? color.new(color.red, 20) : na
```
Ah and I'm not done sharing for the day, a few scripts are coming also after that one and tonight !!!!! I want to live in a world where you guys can enjoy quality scripts (mostly) :)
PS
____________________________________________________________
Feel free to hit the thumbs up as it shows me that I'm not doing this for nothing and will motivate to deliver more quality content in the future.
- I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies
Jump on a 1 to 1 coaching with me
- You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
Palex 2.0Atualização do SETUP do saudoso Professor Alexandre Fernandes "Palex"
- Bandas de Bolliger (Standard) =
*Banda Superior = Média Móvel Simples (20 dias) + (2 x Desvio Padrão de 20 dias)
*Banda Inferior = Média Móvel Simples (20 dias) – (2 x Desvio Padrão de 20 dias)
- EMA 9 (Média Móvel Exponencial)
- SMA 21 (Média Móvel Simples)
- SMA 200 (Média Móvel Simples) Clássica MA 200 períodos
- SMA 400 (Média Móvel Simples)
- EMA 400 (Média Móvel Exponencial)
- WILD (Média Móvel Welles Wilder)
O mesmo usado pelo nosso grande Mestre PALEX!
The 6 Line Death PunchIf you are looking to discover what trend you are in, you need to first what direction the price is going in...
I've been using and testing a mixture of EMA's and SMA's for a long time and I've found that these ones are by far the best.
EMA 3
EMA 8
MA 20
EMA 55
MA 100
MA 200
EMA 3 & 8 Crossover is a good method for confirming a coin going to the upside or to the downside.
EMA 8 is known as the Trigger Line (trademarked brand) as one of the fib numbers it shows good support or resistance of a trend.
MA 20 universal way of seeing trend direction in the stock market, works well with crypto too.
EMA 55, another trusty fib number. Works very well and could trade off that alone as support and resistance.
MA 100 and MA 200. Long ranged moving averages which govern the overall longer-term trend.
LONG ENTRY
Option 1 - 3/8 crossover
Option 2 - Candles above EMA 8
Option 3 - Candles above MA 20
Option 4 - Candles Above EMA 55.
SHORT ENTRY
Option 1 - 3/8 crossover
Option 2 - Candles below EMA 8
Option 3 - Candles below MA 20
Option 4 - Candles below EMA 55.
Signals for call and putSorry for the Google Translate English
Indicator for signals of call and put, using Bollinger bands (period 20, standard deviation 2.5), market trend of (sma, períod 100) and stochastic (period 20, %D 3).
I was overthrown but in pine scrip, the function "stoch()" no way to smooth (3). If anyone knows how to smooth inside the script, help me! Please.
With smoothed stochastic the hit rate grows a lot.
Português (Pt-Br)
Indicador de sinais de compra e venda, usando bandas de Bollinger (período de 20, desvio de 2,5), tendencia de mercado com (sma período 100) e estocástico (período 20, %D de 3).
Eu travei porque no pine script, a função "stoch()" não tem como aplicar a suavização (3). Se alguem souber como suavizar dentro do script, me ajude! Por favor.
MG - Multiple Moving Averages & Candle Wick Alerts - 1.0Features:
- Each moving average has customizable length, type and source
- The ability to change the source of all moving averages with one input (changing an individual MA source will override the general for that MA)
- At a glance comparison of 20 SMA and 20 VWMA to gauge volume trend
- Wick alerts which can be toggled for each moving average.
- Bullish wick alerts are when the wick is the only part of the candle to drop below the moving average
- Bearish wick alerts are when the wick is the only part of the candle to reach above the moving average
- Simple candle closed alert if you want a notification, for example each hour.
Defaults: Four SMAs (20, 50, 100, 200) and a 20 VWMA .
Recommended Usage:
- Set the general source (sets the source of all moving averages) to 'low' when in an uptrend and 'high' in a downtrend to maximize Risk : Reward.
- Use Fibonacci levels, oscillators .etc for confluence
NOTE: The moving average component of this indicator is the same as the previous indicator ()
Indicator - Multiple Moving Averages 1.0Features:
- Each moving average has customizable length, type and source
- The ability to change the source of all moving averages with one input (changing an individual MA source will override the general for that MA)
- At a glance comparison of 20 SMA and 20 VWMA to gauge volume trend
Defaults: Four SMAs (20, 50, 100, 200) and a 20 VWMA.
Usage:
- Use Fibonacci levels, pivots .etc for confluence
- Personally, I like to set overall source to low in uptrends, to high in downtrends and then set alerts for when the price crosses any of the averages. Then pay particular attention to the candlesticks and other indicators.
TODO:
- Add alerts option so that it send alert on crossing up or down any alert lines.
XPloRR MA-Trailing-Stop StrategyXPloRR MA-Trailing-Stop Strategy
Long term MA-Trailing-Stop strategy with Adjustable Signal Strength to beat Buy&Hold strategy
None of the strategies that I tested can beat the long term Buy&Hold strategy. That's the reason why I wrote this strategy.
Purpose: beat Buy&Hold strategy with around 10 trades. 100% capitalize sold trade into new trade.
My buy strategy is triggered by the fast buy EMA (blue) crossing over the slow buy SMA curve (orange) and the fast buy EMA has a certain up strength.
My sell strategy is triggered by either one of these conditions:
the EMA(6) of the close value is crossing under the trailing stop value (green) or
the fast sell EMA (navy) is crossing under the slow sell SMA curve (red) and the fast sell EMA has a certain down strength.
The trailing stop value (green) is set to a multiple of the ATR(15) value.
ATR(15) is the SMA(15) value of the difference between the high and low values.
The scripts shows a lot of graphical information:
The close value is shown in light-green. When the close value is lower then the buy value, the close value is shown in light-red. This way it is possible to evaluate the virtual losses during the trade.
the trailing stop value is shown in dark-green. When the sell value is lower then the buy value, the last color of the trade will be red (best viewed when zoomed)(in the example, there are 2 trades that end in gain and 2 in loss (red line at end))
the EMA and SMA values for both buy and sell signals are shown as a line
the buy and sell(close) signals are labeled in blue
How to use this strategy?
Every stock has it's own "DNA", so first thing to do is tune the right parameters to get the best strategy values voor EMA , SMA, Strength for both buy and sell and the Trailing Stop (#ATR).
Look in the strategy tester overview to optimize the values Percent Profitable and Net Profit (using the strategy settings icon, you can increase/decrease the parameters)
Then keep using these parameters for future buy/sell signals only for that particular stock.
Do the same for other stocks.
Important : optimizing these parameters is no guarantee for future winning trades!
Here are the parameters:
Fast EMA Buy: buy trigger when Fast EMA Buy crosses over the Slow SMA Buy value (use values between 10-20)
Slow SMA Buy: buy trigger when Fast EMA Buy crosses over the Slow SMA Buy value (use values between 30-100)
Minimum Buy Strength: minimum upward trend value of the Fast SMA Buy value (directional coefficient)(use values between 0-120)
Fast EMA Sell: sell trigger when Fast EMA Sell crosses under the Slow SMA Sell value (use values between 10-20)
Slow SMA Sell: sell trigger when Fast EMA Sell crosses under the Slow SMA Sell value (use values between 30-100)
Minimum Sell Strength: minimum downward trend value of the Fast SMA Sell value (directional coefficient)(use values between 0-120)
Trailing Stop (#ATR): the trailing stop value as a multiple of the ATR(15) value (use values between 2-20)
Example parameters for different stocks (Start capital: 1000, Order=100% of equity, Period 1/1/2005 to now) compared to the Buy&Hold Strategy(=do nothing):
BEKB(Bekaert): EMA-Buy=12, SMA-Buy=44, Strength-Buy=65, EMA-Sell=12, SMA-Sell=55, Strength-Sell=120, Stop#ATR=20
NetProfit: 996%, #Trades: 6, %Profitable: 83%, Buy&HoldProfit: 78%
BAR(Barco): EMA-Buy=16, SMA-Buy=80, Strength-Buy=44, EMA-Sell=12, SMA-Sell=45, Strength-Sell=82, Stop#ATR=9
NetProfit: 385%, #Trades: 7, %Profitable: 71%, Buy&HoldProfit: 55%
AAPL(Apple): EMA-Buy=12, SMA-Buy=45, Strength-Buy=40, EMA-Sell=19, SMA-Sell=45, Strength-Sell=106, Stop#ATR=8
NetProfit: 6900%, #Trades: 7, %Profitable: 71%, Buy&HoldProfit: 2938%
TNET(Telenet): EMA-Buy=12, SMA-Buy=45, Strength-Buy=27, EMA-Sell=19, SMA-Sell=45, Strength-Sell=70, Stop#ATR=14
NetProfit: 129%, #Trade
EMA Indicators with BUY sell SignalCombine 3 EMA indicators into 1. Buy and Sell signal is based on
- Buy signal based on 20 Days Highest High resistance
- Sell signal based on 10 Days Lowest Low support
Input :-
1 - Short EMA (20), Mid EMA (50) and Long EMA (200)
2 - Resistance (20) = 20 Days Highest High line
3 - Support (10) = 10 Days Lowest Low line
Smoothed Heiken Ashi Candles [JopAlgo]Smoothed Heiken Ashi Candles — cleaner bias, less noise, better timing
What it does (one line):
Builds a two-stage smoothed Heiken Ashi view so you can read trend vs. pullback without the usual candle noise. Color does the talking:
Lime = bullish state (close ≥ open on the smoothed HA feed)
Red = bearish state
Under the hood: price is EMA-smoothed ( Length len ), converted to Heiken Ashi, then smoothed again ( Length len2 ). Net effect: fewer whips, clearer swings.
What you’ll see
A full candle chart of Smoothed HA (o₂/h₂/l₂/c₂).
Color rule: o₂ > c₂ → red (bearish), otherwise lime (bullish).
No extra clutter—just an easy bias read you can trust at a glance.
Read in 3 seconds: What color? What slope? Are pullbacks shallow or deep relative to the last swing?
How to use it (simple, repeatable)
Bias filter:
Trade longs while candles are lime.
Trade shorts while candles are red.
Where to act (location first):
Use Volume Profile v3.2 (VAH/VAL/POC/LVNs) and Anchored VWAP for entries/targets.
No level, no trade.
When to click (timing):
Continuation: In lime, buy the first pullback that holds a level (VAL/AVWAP/MA cluster) and prints a fresh lime close. Mirror for red shorts.
Reclaim/Reject: A color flip that happens at a level (e.g., AVWAP reclaim → turns lime) is higher quality than a random mid-range flip.
Quality check (optional, strong):
If you use CVDv1 , prefer setups with Alignment OK and no Absorption against your side.
Timeframe guidance
1–5m (scalps): Keep len / len2 shorter (e.g., 5 / 5 or 6 / 8) to avoid lag.
15m–1H (intraday): Default 10 / 10 is a sweet spot.
2H–4H (swing): Try 14–20 / 10–14 for smoother swings.
1D+ (position): 20–34 / 14–20 for backdrop; execute on a lower TF.
Settings that actually matter (and how to tune)
Smoothing Length for Original OHLC (len)
Controls the base smoothness before HA.
Lower = more reactive, more flips.
Higher = steadier bias, more lag.
Smoothing Length for Heiken Ashi (len2)
Controls the final polish of the HA feed.
Lower = earlier turns (noisier).
Higher = fewer flips (slower).
Practical tip: If you get too many color flips, raise len2 first. If it feels sluggish at entries, lower len slightly.
Entries, exits, and risk (keep it tight)
Entry — continuation:
In lime, wait for a pullback to VAL / AVWAP / MA cluster, then a new lime close → enter.
Stop: below structure/last swing. Targets: POC/HVNs or prior swing high/low.
Entry — reclaim/reject:
Color flips at a level (e.g., AVWAP reclaim turns lime) → enter with the level holding.
Invalidation: immediate flip back on the next bar and level loss.
Manage:
If color stays with you but progress stalls at HVNs, trim. If color flips against your position, tighten or exit unless higher-TF context argues to hold.
Best combos with other tools
Volume Profile v3.2: Use VAH/VAL/LVNs/POC for where to act; Smoothed HA tells you if trend context supports the trade.
Anchored VWAP: A reclaim/rejection with matching HA color is a high-quality timing cue.
CVDv1: Take color-aligned trades with flow (Alignment OK, strong Imbalance, no Absorption).
Patterns you’ll recognize
Walk-of-color: Multiple same-color bars with rising/lowering bodies → ride pullbacks to level; don’t fade.
Color flip at level: The cleanest reversal context (e.g., red→lime on a VAL reclaim).
Chop tell: Rapid lime↔red flips mid-range → do less; only trade edges.
Practical defaults to start
len = 10, len2 = 10
Timeframes: 15m–4H out of the box
Process: Location → Color/Bias → Timing bar → (optional) CVD check → Structure-based risk
Serious Disclaimer & Licensing
This indicator and description are provided for educational purposes only and do not constitute financial, investment, or trading advice. Markets involve risk; you can lose some or all of your capital. Past performance does not guarantee future results. You are solely responsible for evaluating the suitability of this tool in your process, including testing on historical and simulated data and applying appropriate risk management.
Data quality can vary by exchange/venue. No warranty—express or implied—is made regarding accuracy, completeness, or fitness for a particular purpose. assumes no liability for any direct or consequential losses arising from the use of this script or description.
License: This Pine Script™ code is released under the Mozilla Public License 2.0 (MPL 2.0), © JopAlgo. You may use, modify, and distribute the code under MPL 2.0 terms.
Relative Volume (RVOL) [JopAlgo]Relative Volume (RVOL) — “Filter Fakes, Ride Real Moves”
What it does:
Shows how today’s volume compares to its own average.
RVOL = current volume ÷ SMA(volume, length)
RVOL > cutoff → participation above normal (green)
RVOL < cutoff → participation below normal (red)
Use it to confirm breaks, filter entries, and avoid chasing moves fueled by thin volume.
Read it in 5 seconds
Above/Below the cutoff line (white) = high/low participation now.
Spikes through the cutoff on a break = real interest.
Dry-ups (well below cutoff) into support/resistance = good risk for mean-revert or pullback entries.
If you remember one rule: don’t chase a breakout with RVOL under the cutoff.
Simple playbook (copy this)
Breakout confirmation
Break at VAH/LVN/structure and RVOL > cutoff → take the retest that holds.
If RVOL stays below cutoff on the break → likely fake; wait for reclaim.
Pullback in trend
Trend up, price pulls to AVWAP / VAL / MA cluster with RVOL below cutoff → take the bounce when price turns; add if RVOL rises on the resume.
Fade the exhaustion
Into resistance, huge RVOL spike but no follow-through (long wick, CVD Absorption) → look for the fail back inside value.
Do less in chop
When RVOL hugs below cutoff all session, expect range; trade edges only.
Timeframe guide
1–5m (scalps): Signals are frequent. Keep cutoff ≥ 1.5; demand RVOL on breaks.
15m–1H (intraday): Sweet spot. cutoff 1.5–2.0 is a solid filter.
2H–4H (swing): Look for clustered bars > cutoff during expansions; dry-ups flag pullback entries.
1D+: Use RVOL to separate true trend days from drift.
Settings that matter
Length (default 14):
Shorter = reacts faster; Longer = smoother baseline.
Intraday: 14–20
Swing/Daily: 20–30
Cutoff (default 1.0):
Set the bar for “real” volume.
Conservative confirmation: 1.5–2.0
For slower pairs/timeframes: 1.2–1.5
Tune by scrolling back and marking where good breaks happened.
Color logic: green above cutoff, red below—no surprises.
Best combos (kept simple)
Volume Profile v3.2 : Confirm breaks of VAH/VAL/LVNs with RVOL > cutoff; target POC/HVNs.
Anchored VWAP : Reclaims/rejections with RVOL > cutoff stick more often.
CVDv1 :
Yes: RVOL high and CVD Alignment OK and no Absorption → higher-quality move.
No: RVOL high but Absorption red → don’t chase; look for fail/reclaim.
Pattern cheat sheet
Trend day: RVOL stays > cutoff on pushes; pullbacks show RVOL dip, then re-expand.
False break: Price pokes level, RVOL < cutoff, quick give-back.
Accumulation: Series of low-RVOL bars compressing under a level → watch for the first RVOL pop to go.
Exhaustion wick: RVOL spike + long wick into resistance/support → likely trap unless next bar accepts.
Notes & pitfalls
Exchange volume varies (crypto): use the same feed you trade and calibrate cutoff there.
RVOL ≠ direction: it’s participation. Always pair with location, structure, and flow.
Quick defaults to start
Length: 20
Cutoff: 1.5 (intraday) / 1.8–2.0 (for stricter confirmation)
Process: Level → RVOL above/below cutoff → CVD quality → Execute with structure-based risk
Mini-disclaimer
Educational tool, not financial advice. Test first, size sensibly, and always anchor decisions to levels, flow, and risk.
Natural Gas Intraday Strategy [15m] with Partial Profit & TrailBuy when:
1. Close > EMA 100 and EMA 20 > EMA 100
2. MACD (8,21,5) > Signal and histogram rising
3. RSI > 60
4. ATR > threshold (avoid flat market)
Sell when:
1. Close < EMA 100 and EMA 20 < EMA 100
2. MACD (8,21,5) < Signal and histogram falling
3. RSI < 40
4. ATR > threshold
Exit:
• SL = recent swing ± 0.5 ATR
• TP1 = 1 ATR, trail rest with EMA 20