ProfitBee59 v5.0ProfitBee59 v5.0 for TradingView (pb5 ai) helps you do tedious works on your technical charts. It does CC59 counting and prints out positive or negative number on each price bar. When the counting arrives at -9 or +9, it creates respectable support and resistance ( SNR ) levels on the chart. It draws a pair of fast/slow average lines with pink/red colors for corresponding downtrend and yellow/green for uptrend. A yellow cross sign shows a crossing point between these fast/slow average line. It also draws a mega average line in gray to give a mega trend picture. Pb5 ai provides time/price analyseses. Up/Dn arrows are printed out at high probability buy/sell regions. In addition, other auxiliary tools such as Max/Min finder used to find the candlesticks with local max/min prices or Gap finder used to locate discontinuity between candlesticks.
For Forex trading, other intraday parameters are also available including the day opening level, high/low of yesterday and intraday brown background marking time interval for key trading hours in Asian-London-New York markets.
Smart phone/tablet and PC notifications of events occurring in the chart can be sent to you by server-side alerts so that you don't have to stay in front of the screen all the time.
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The script ProfitBee59 v5.0 for TradingView (pb5 ai) is locked and protected. Contact the author for your access.
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How to install the script:
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*Go to the bottom of this page and click on "Add to Favorite Scripts".
*Remove older version of the script by clicking on the "X" button behind the indicator line at the top left corner of the chart window.
*Open a new chart at and click on the "Indicators" tab.
*Click on the "Favorites" tab and choose "ProfitBee59 v5.0".
*Right click anywhere on the graph, choose "Color Theme", the select "Dark".
*Right click anywhere on the graph, choose "Settings".
*In "Symbol" tab, set "Precision" to 1/100 for stock price or 1/100000 for Forex and set "Time Zone" to your local time.
*In "Scales" tab, check "Indicator Last Value Label".
*In "Events" tab, check "Show Dividends on Chart", "Show Splits on Chart" and "Show Earnings on Chart".
*At the bottom of settings window, click on "Template", "Save As...", then name this theme of graph setting for future call up such as "My chart setting".
*Click OK.
Recherche dans les scripts pour "the script"
ProfitBee59 v4.0ProfitBee59 v4.0 for TradingView helps you do tedious works on your technical charts. It does CC59 counting and prints out positive or negative number on each price bar. When the counting arrives at -9 or +9, it creates respectable support and resistance ( SNR ) levels on the chart. It also analyses the candlesticks for high probability buy/sell regions and draws green/red color on an average line. In addition, other auxiliary tool such as Max/Min finder can be used to find the candlesticks with local max/min prices.
For Forex trading, other intraday parameters are also available including the day opening level, high/low of yesterday, high/low of the day before yesterday and intraday brown background marking time interval for key trading hours in Asian-London-New York markets.
Smart phone/tablet and PC notifications of events occurring in the chart can be sent to you by server-side alerts so that you don't have to stay in front of the screen all the time.
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The script ProfitBee59 v4.0 for TradingView is locked and protected. Contact the author for your access.
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How to install the script:
------------------------------
*Go to the bottom of this page and click on "Add to Favorite Scripts".
*Remove older version of the script by clicking on the "X" button behind the indicator line at the top left corner of the chart window.
*Open a new chart at and click on the "Indicators" tab.
*Click on the "Favorites" tab and choose "ProfitBee59 v4.0".
*Right click anywhere on the graph, choose "Color Theme", the select "Dark".
*Right click anywhere on the graph, choose "Settings".
*In "Symbol" tab, set "Precision" to 1/100 for stock price or 1/100000 for Forex and set "Time Zone" to your local time.
*In "Status line" tab, uncheck "Indicator Arguments".
*In "Scales" tab, check "Indicator Last Value Label".
*In "Events" tab, check "Show Dividends on Chart", "Show Splits on Chart" and "Show Earnings on Chart".
*At the bottom of settings window, click on "Template", "Save As...", then name this theme of graph setting for future call up such as "My chart setting".
*Click OK.
VWAP forex Yesterday Hi/Low update fix This script is an updte fix of an earlier script that stopped functioning when TradingView updated Pine script. This script plots Forex (24 hour session) VWAP, yesterday's high, low, open and close (HLOC),
the day before's HLOC -
Also plots higher timeframe 20 emas
1 minute 5, 15, 60 period 20 ema
5 minute 15, 60 period 20 ema
15 minute 60, 120 , 240 period 20 ema
60 minute 120, 240 period 20 ema
120 minute 240, D period 20 ema
240 minute D period 20 ema
Also signals inside bars (high is less than or equal to the previous bar's high and the low is greater than or equal to the previous low) the : true inside bars have a maroon triangle below the bar as well as a ">" above the bar.
If subsequest bars are inside the last bar before the last true inside bar they also are marked with an ">"
This is probably a slight variation from the way Leaf_West plots the inside bars.
It appears that he marks all bars that are inside the original bar until one a bar has a high or low
outside the original bar. But I would need to see an example on his charts.
The Time Session Glitch and the Fix FX_IDC, COINBASE and BITSTAMP:
The script will correctly default to 1700 hrs to 1700hrs EDT/EST session for FXCM.
Strangely some securities appear to erroneously start their session at 1200 hrs ie. My guess is that they are somehow tied to GMT+0 instead of New York time (GMT+5). See this for yourself by selecting EURUSD using the FXCM exchange (FX:EURUSD) and then EURUSD from the IDC exchange (FX_IDC:EURUSD). The FX-IDC session opening range starts 5 hours before it actually should at 1700 hrs EDT/EST. To correct for this I have implemented an automatic fix (default) and a user selected "5 hour time shift adjust. ment needed on some securities".
There is also a 4 hour time shift button which might be necessary when New York reverts from Eastern Standard Time to Eastern Daylight Time (1 hour difference) in March (and then back again in November). In the default auto adjust mode you will need to select the 1 hour time shift. That is if this glitch still exists at that time.
I have looked at other scripts, other than my own and where the script is available, that need to use information about the opening bar and all have the same time shift issue
COINBASE and BITSTAMP open at 0000 hours GMT. Since I use lines instead of circles or crosses I had to make a small adjustment to plot the lines correctly.
If it needs work let me know.
Jayy
alpha Renko intraday wave timeI was asked to share my experimental Renko intraday wave time. So here it is warts and all. The same for the rest - except the Weis cumulative volume.
Renko wave time is in minutes. This script is strictly intraday and has not been played with extensively.
You must use traditional Renko and set the script wave size to the same size as the Renko brick size.
If you click on the sideways wishbone or "V" in the middle upper part of the chart you will get all of the scripts in this particular sandbox. After clicking the sideways wish bone click on "make it mine". You will then have the whole sandbox. The only published script is the Weis cumulative wave.
The "Boys MAs" is supposed to be a script for daily charts and from within some kind of consolidation. In any case I am intrigued by some signals. You have a variety of sandbox options in the format section of the boys MAs.
These codes are pretty rough with lots of abandoned lines of script.
Long/Short Ratio Aggregated (Lite)Description — Long/Short Ratio Aggregated (Lite)
This indicator provides a cross-exchange, open-interest-weighted aggregation of the Long/Short Ratio (LSR) for the cryptocurrency asset currently on your chart. It is designed to unify fragmented derivatives positioning data from multiple major exchanges into a single normalized signal that more accurately reflects real market sentiment and positioning bias across platforms.
Concept and Originality
Traditional Long/Short Ratio indicators are exchange-specific. They show how many traders are long versus short, but only within the scope of one venue (e.g., Binance or Bybit). This makes them incomplete and often misleading for directional bias analysis, since different exchanges host different participant profiles, levels of leverage, and quote-currency exposures.
This script addresses that limitation by:
Aggregating LSR data across multiple exchanges (Binance and Bybit).
Weighting each ratio by Open Interest (OI) — ensuring exchanges with higher open positions contribute proportionally more to the overall sentiment.
Normalizing all contract types (USDT, USDC, and USD-margined) into a consistent base-currency format.
This step corrects for structural differences between coin- and stablecoin-margined instruments, producing a true like-for-like comparison.
The result is a globalized Long/Short Ratio, normalized by exposure and liquidity, suitable for multi-venue orderflow estimation and directional bias assessment.
Note for moderators: I know there are already other scripts out there, but they may not support Open Interest Weighting or the same number of pairs. They also might not support proper normalization like in my script.
Calculation Methodology
For each supported exchange and contract type:
The script retrieves the latest Long/Short Ratio (LSR) and Open Interest (OI) values.
OI is used as the weighting factor, creating a proportional representation of positioning volume.
Values denominated in USD are normalized into base currency using close-price adjustment.
The final value is computed as:
Weighted LSR = (Σ (LSRᵢ × OIᵢ)) / (Σ OIᵢ)
This ensures that if, for example, Binance has twice the open interest of Bybit, its LSR contributes twice as much to the total weighted sentiment.
Interpretation
Value > 1.0 → Market participants are net-long (bullish bias).
Value < 1.0 → Market participants are net-short (bearish bias).
Strength of deviation from 1.0 indicates positioning imbalance magnitude.
Because the ratio is OI-weighted, large players or heavily margined exchanges influence the output proportionally more than smaller, low-volume venues — making this metric a better reflection of true market positioning rather than isolated retail sentiment.
Usage and Applications
Use this indicator as a component in:
Orderflow and sentiment confirmation, alongside price action and volume.
Funding rate correlation studies.
Intraday reversals or exhaustion zones, when combined with volatility or OI delta metrics.
Overlaying or combining this indicator with open interest change, cumulative volume delta, or funding rate divergence allows traders to build a high-resolution understanding of positioning shifts and crowd behavior.
Notes
The “Lite” version is optimized for execution and accessibility, focusing on accuracy while staying within Pine Script’s computational limits.
Exchange data availability may vary by symbol; unsupported pairs automatically return na and are automatically not included in the weighted calculation.
In summary:
This indicator transforms fragmented, exchange-specific Long/Short Ratio into a unified, OI-weighted global sentiment measure — a foundational tool for traders seeking to quantify derivative-side orderflow bias with cross-venue accuracy.
MTF EMA Smooth Indicator By : KaizenotradingPH (Open Source)This indicator script can display three different timeframe MTF EMA indicators simultaneously. The special thing of this script is that it has smoothing feature that can smooth the MTF EMA but only in minutes and hours timeframe (script limitation). You can enable the anti repainting as well which reference the previous bar. These features are useful for customize strategies scripts to avoid repainting. Additionally, this script have customizable length for the three MTF EMA indicators.
This is the open source version of the script.
IU Trailing Stop Loss MethodsThe 'IU Trailing Stop Loss Methods' it's a risk management tool which allows users to apply 12 trailing stop-loss (SL) methods for risk management of their trades and gives live alerts when the trailing Stop loss has hit. Below is a detailed explanation of each input and the working of the Script.
Main Inputs:
- bar_time: Specifies the date from which the trade begins and entry price will be the open of the first candle.
- entry_type: Choose between 'Long' or 'Short' positions.
- trailing_method: Select the trailing stop-loss method. Options include ATR, Parabolic SAR, Supertrend, Point/Pip based, Percentage, EMA, Highest/Lowest, Standard Deviation, and multiple target-based methods.
- exit_after_close: If checked, exits the trade only after the candle closes.
Optional Inputs:
ATR Settings:
- atr_Length: Length for the ATR calculation.
- atr_factor: ATR multiplier for SL calculation.
Parabolic SAR Settings:
- start, increment, maximum: Parameters for the Parabolic SAR indicator.
Supertrend Settings:
- supertrend_Length, supertrend_factor: Length and factor for the Supertrend indicator.
Point/Pip Based:
- point_base: Set trailing SL in points/pips.
Percentage Based:
- percentage_base: Set SL as a percentage of entry price.
EMA Settings:
- ema_Length: Length for EMA calculation.
Standard Deviation Settings:
- std_Length, std_factor: Length and factor for standard deviation calculation.
Highest/Lowest Settings:
- highest_lowest_Length: Length for the highest/lowest SL calculation.
Target-Based Inputs:
- ATR, Point, Percentage, and Standard Deviation based target SL settings with customizable lengths and multipliers.
Entry Logic:
- Trades initiate based on the entry_type selected and the specified bar_time.
- If Long is selected, a long trade is initiated when the conditions match, and vice versa for Short.
Trailing Stop-Loss (SL) Methods Explained:
The strategy dynamically adjusts stop-loss based on the chosen method. Each method has its calculation logic:
- ATR: Stop-loss calculated using ATR multiplied by a user-defined factor.
- Parabolic SAR: Uses the Parabolic SAR indicator for trailing stop-loss.
- Supertrend: Utilizes the Supertrend indicator as the stop-loss line.
- Point/Pip Based: Fixed point-based stop-loss.
- Percentage Based: SL set as a percentage of entry price.
- EMA: SL based on the Exponential Moving Average.
- Highest/Lowest: Uses the highest high or lowest low over a specified period.
- Standard Deviation: SL calculated using standard deviation.
Exit Conditions:
- If exit_after_close is enabled, the position will only close after the candle confirms the stop-loss hit.
- If exit_after_close is disabled, the strategy will close the trade immediately when the SL is breached.
Visualization:
The script plots the chosen trailing stop-loss method on the chart for easy visualization.
Target-Based Trailing SL Logic:
- When a position is opened, the strategy calculates the initial stop-loss and progressively adjusts it as the price moves favorably.
- Each SL adjustment is stored in an array for accurate tracking and visualization.
Alerts and Labels:
- When the Entry or trailing stop loss is hit this scripts draws a label and give alert to the user that trailing stop has been hit for the trade.
Note - on the historical data The Script will show nothing if the entry and the exit has happened on the same candle, because we don't know what was hit first SL or TP (basically how the candle was formed on the lower timeframe).
Summary:
This script offers flexible trailing stop-loss options for traders who want dynamic risk management in their strategies. By offering multiple methods like ATR, SAR, Supertrend, and EMA, it caters to various trading styles and risk preferences.
Systematic Investment Tracker by Ceyhun Gonul### English Description
**Systematic Investment Tracker with Enhanced Features**
This script, titled **Systematic Investment Tracker with Enhanced Features**, is a TradingView tool designed to support systematic investments across different market conditions. It provides traders with two customizable investment strategies — **Continuous Buying** and **Declining Buying** — and includes advanced dynamic investment adjustment features for each.
#### Detailed Explanation of Script Features and Originality
1. **Two Investment Strategies**:
- **Continuous Buying**: This strategy performs purchases consistently at each interval, as set by the user, regardless of market price changes. It follows the principle of dollar-cost averaging, allowing users to build an investment position over time.
- **Declining Buying**: Unlike Continuous Buying, this strategy triggers purchases only when the asset's price has declined from the previous interval's closing price. This approach helps users capitalize on lower price points, potentially improving average costs during downward trends.
2. **Dynamic Investment Adjustment**:
- For both strategies, the script includes a **Dynamic Investment Adjustment** feature. If enabled, this feature increases the purchasing amount by 50% if the current price has fallen by a specific user-defined percentage relative to the previous price. This allows users to accumulate a larger position when the asset is declining, which may benefit long-term cost-averaging strategies.
3. **Customizable Time Frames**:
- Users can specify a **start and end date** for investment, allowing them to restrict or backtest strategies within a specific timeframe. This feature is valuable for evaluating strategy performance over specific market cycles or historical periods.
4. **Graphical Indicators and Labels**:
- The script provides graphical labels on the chart that display purchase points. These indicators help users visualize their investment entries based on the strategy selected.
- A summary **performance label** is also displayed, providing real-time updates on the total amount spent, accumulated quantity, average cost, portfolio value, and profit percentage for each strategy.
5. **Language Support**:
- The script includes English and Turkish language options. Users can toggle between these languages, allowing the summary label text and descriptions to be displayed in their preferred language.
6. **Performance Comparison Table**:
- An optional **Performance Comparison Table** is available, offering a side-by-side analysis of net profit, total investment, and profit percentage for both strategies. This comparison table helps users assess which strategy has yielded better returns, providing clarity on each approach's effectiveness under the chosen parameters.
#### How the Script Works and Its Uniqueness
This closed-source script brings together two established investment strategies in a single, dynamic tool. By integrating continuous and declining purchase strategies with advanced settings for dynamic investment adjustment, the script offers a powerful, flexible tool for both passive and active investors. The design of this script provides unique benefits:
- Enables automated, systematic investment tracking, allowing users to build positions gradually.
- Empowers users to leverage declines through dynamic adjustments to optimize average cost over time.
- Presents an easy-to-read performance label and table, enabling an efficient and transparent performance comparison for informed decision-making.
---
### Türkçe Açıklama
**Gelişmiş Özellikli Sistematik Yatırım Takipçisi**
**Gelişmiş Özellikli Sistematik Yatırım Takipçisi** adlı bu TradingView scripti, çeşitli piyasa koşullarında sistematik yatırım stratejilerini desteklemek üzere tasarlanmış bir araçtır. Script, kullanıcıya iki özelleştirilebilir yatırım stratejisi — **Sürekli Alım** ve **Düşen Alım** — ve her strateji için gelişmiş dinamik yatırım ayarlama seçenekleri sunar.
#### Script Özelliklerinin Detaylı Açıklaması ve Özgünlük
1. **İki Yatırım Stratejisi**:
- **Sürekli Alım**: Bu strateji, fiyat değişimlerine bakılmaksızın kullanıcının belirlediği her aralıkta sabit bir miktar yatırım yapar. Bu yaklaşım, uzun vadede pozisyonu kademeli olarak oluşturmak isteyenler için idealdir.
- **Düşen Alım**: Sürekli Alım’ın aksine, bu strateji yalnızca fiyat bir önceki aralığın kapanış fiyatına göre düştüğünde alım yapar. Bu yöntem, yatırımcıların daha düşük fiyatlardan alım yaparak ortalama maliyeti potansiyel olarak iyileştirmelerine yardımcı olur.
2. **Dinamik Yatırım Ayarlaması**:
- Her iki strateji için de **Dinamik Yatırım Ayarlaması** özelliği bulunmaktadır. Bu özellik aktif edildiğinde, mevcut fiyatın bir önceki fiyata göre kullanıcı tarafından belirlenen bir yüzde oranında düşmesi durumunda alım miktarını %50 artırır. Bu durum, uzun vadede maliyet ortalaması stratejilerine katkıda bulunur.
3. **Özelleştirilebilir Tarih Aralığı**:
- Kullanıcılar, yatırımı belirli bir tarih aralığında sınırlandırmak veya test etmek için bir **başlangıç ve bitiş tarihi** belirleyebilir. Bu özellik, strateji performansını geçmiş piyasa döngüleri veya belirli dönemlerde değerlendirmek için kullanışlıdır.
4. **Grafiksel İşaretleyiciler ve Etiketler**:
- Script, grafik üzerinde alım noktalarını gösteren işaretleyiciler sağlar. Bu görsel göstergeler, kullanıcıların seçilen stratejiye göre yatırım girişlerini görselleştirmesine yardımcı olur.
- Ayrıca, her strateji için harcanan toplam tutar, biriken miktar, ortalama maliyet, portföy değeri ve kâr yüzdesi gibi bilgileri gerçek zamanlı olarak gösteren bir **performans etiketi** sunar.
5. **Dil Desteği**:
- Script, İngilizce ve Türkçe dillerini desteklemektedir. Kullanıcılar, performans etiketi metninin ve açıklamalarının tercih ettikleri dilde görüntülenmesi için dil seçimini yapabilir.
6. **Performans Karşılaştırma Tablosu**:
- İsteğe bağlı olarak kullanılabilen bir **Performans Karşılaştırma Tablosu**, her iki strateji için net kâr, toplam yatırım ve kâr yüzdesi gibi bilgileri yan yana analiz eder. Bu tablo, kullanıcıların hangi stratejinin daha yüksek getiri sağladığını değerlendirmesine yardımcı olur.
#### Scriptin Çalışma Prensibi ve Özgünlüğü
Bu script, iki yatırım stratejisini gelişmiş bir araçta birleştirir. Sürekli ve düşen fiyatlara dayalı alım stratejilerini dinamik yatırım ayarlama özelliğiyle entegre ederek yatırımcılar için güçlü ve esnek bir çözüm sunar. Script’in tasarımı aşağıdaki benzersiz faydaları sağlamaktadır:
- Otomatik, sistematik yatırım takibi yaparak kullanıcıların pozisyonlarını kademeli olarak oluşturmalarına olanak tanır.
- Dinamik ayarlama ile düşüşlerden yararlanarak zaman içinde ortalama maliyeti optimize etme olanağı sağlar.
- Her iki stratejinin performansını basit ve anlaşılır bir şekilde karşılaştıran etiket ve tablo ile verimli bir performans değerlendirmesi sunar.
MTFT Reversal Lines, TheStrat Suite (5of5)Multi Time Frame Tools
Multi Time Frame Tools (MTFT) is a suite of scripts aimed to establish a standard timeframe-based color scheme. This can be utilized to overlay different timeframes calculations/values over a single timeframe. As one example, this would allow to observe the 5-month moving average, 5-week moving average, and 5-day moving average overlaid over each other. This would allow to study a chart, get accustomed to the color scheme and study all these at the same time much easier.
All indicators calculated using the below specific timeframes as input, will always use the color scheme outlined below. This is to get you in habit of recognizing the different timeframes overlaid in top of each other. These can be personalized.
Longer TF analysis.
Yearly - Black
Semi-Annual - Yellow
Quarterly - White
Monthly - Maroon
Weekly - Royal Blue
Daily - Lime
Shorter TF analysis.
4 hour - Fuchsia
1 hour - Orange
30 min - Red
15 min - Brown
10 min - Purple
5 min - Lilac
All color coordination is able to be modified in either the “Inputs” or “Style” section. If you need to make changes, make sure to select “Save as Default” on the bottom right of the settings menu.
Recommended Chart Color Layout
I played around with color coordination a lot. The final product was what worked best for me. I personally use the following chart settings to accent all available TF colors.
-> Click on the settings wheel on your chart. -> Click on “Appearance”.
Background - Solid -> On the top row pick the 6th color from the left.
Vert Grid Lines and Horz Grid Lines -> On the top row pick the 7th color from the left.
You may of course change these and the indicator line colors as you like.
Adding indicator to Chart
-> Open the TradingView “Indicators & Strategies” library, the icon has “ƒx”. -> All premium scripts will be located under “Invite-Only Scripts” -> Click indicator to add to your chart.
MTFT TheStrat Suite (5 Scripts)
Rob Smith is the creator of ‘TheStrat’ trading strategy. For ‘TheStrat’ I have put together a suite of 5 premium scripts that combined will offer people interested in learning ‘TheStrat’ a cleaner learning process. For 2 of the 5 scripts specifically, the MTFT approach of overlaying multiple longer timeframes(TF) over a shorter TF selected as a display cannot be utilized. The other 2 scripts will have full MTFT functionality and they are my personal favorite. I will be providing very basic info to utilize this script; it is up to you to dive deep into learning this strategy. I am not an expert with the tool or a financial advisor. As with all aspects of life, I recommend you research, learn, discern and practice extensively in order to become a master.
1. MTFT Patterns Pro/Noob
2. MTFT Full Time Frame Continuity Table
3. MTFT Last HML wOpen
4. MTFT Actionable Signal Targets
*5. MTFT Reversal Lines
MTFT Reversal Lines, TheStrat Suite (5of5)
This script will plot the line at the point that the reversal was formed for multiple timeframes. Often times price retraces to these points before making more explosive moves in continuation of the reversal direction.
The script has the following features.
Six user selected time frames per script instance can be enabled/disabled. Timeframes include: Yearly(Y), Semi-annually(S), Quarterly(Q), Monthly(M), Weekly(W), Daily(D), 4 hour, 1 hour, 30 min, 15 min, 10 min, and 5 min. Image below shows the Weekly TF selected, and only the W, Q, M, and W are enabled. I’ve included some comments on basic observations.
2. Auto hide lower timeframe calculations. Auto Hide feature will hide smaller TF calculations when a larger timeframe is selected as the display TF. Example, when the Daily timeframe candlestick selected the 4 hour and smaller calculations are hidden because they produce irrelevant results relative to the selected timeframe. If a lower TF is selected such as the 30 min candlestick, the previously hidden timeframes are now displayed. This allows easier study as you change between displayed timeframes.
This script works best in conjunction with ‘MTFT Last HML Band wOpen’. In the image below I have the W candlestick selected, along with the Q HML Lines, and the Q Reversal Line shown. It shows you a clearer picture of how price moves on a TheStrat continuation CS and after a TheStrat reversal point is made. This lets you break into the fine details of what happened inside Quarter 1, 2022 and after the reversal point was formed.
IMPORTANT NOTE for TradingView admin: One of the lessons I would consider most important in attaining clarity regarding trading, is “TheStrat” by Rob Smith. His lesson on “actionable signals” is something that can be applied to any strategy. For this reason, I am including “MTFT TheStrat Patterns Pro” script in all images that will depict confluence for a better trade selection.
Example using TheStrat Pro MTFT with this indicator.
Look for a “TheStrat actionable signal” or a “TheStrat Reversal signal” on a smaller timeframe that has an instance of this indicator on a larger timeframe calculation that is in range of the candlestick that formed your actionable signal. This means that the indicators plot you are observing must be above the low and below the high of the candlestick that is the actionable signal/reversal signal. Image below shows what this would look like with this indicator.
The Image below shows what this would look like with this indicator. The selected candlestick is the 3-day, it shows a 2U-1-potential 2D Reversal pattern and the Quarter Reversal Down line in range. This actionable signal is meant to be played for SHORTS. If the low is breached, you would enter a SHORT position from the low of the inside candlestick. For targets you would look at the previous pivots, for this example all targets were hit. This won’t always play out so nice and clean, but given that there is so many stocks and so many signals this is just a thought to improve the quality of the signal as it has extra confluence.
MTFT Actionable Signal Targets, TheStrat Suite (4of5)Multi Time Frame Tools
Multi Time Frame Tools (MTFT) is a suite of scripts aimed to establish a standard timeframe-based color scheme. This can be utilized to overlay different timeframes calculations/values over a single timeframe. As one example, this would allow to observe the 5-month moving average, 5-week moving average, and 5-day moving average overlaid over each other. This would allow to study a chart, get accustomed to the color scheme and study all these at the same time much easier.
All indicators calculated using the below specific timeframes as input, will always use the color scheme outlined below. This is to get you in habit of recognizing the different timeframes overlaid in top of each other. These can be personalized.
Longer TF analysis.
Yearly - Black
Semi-Annual - Yellow
Quarterly - White
Monthly - Maroon
Weekly - Royal Blue
Daily - Lime
Shorter TF analysis.
4 hour - Fuchsia
1 hour - Orange
30 min - Red
15 min - Brown
10 min - Purple
5 min - Lilac
All color coordination is able to be modified in either the “Inputs” or “Style” section. If you need to make changes, make sure to select “Save as Default” on the bottom right of the settings menu.
Recommended Chart Color Layout
I played around with color coordination a lot. The final product was what worked best for me. I personally use the following chart settings to accent all available TF colors.
-> Click on the settings wheel on your chart. -> Click on “Appearance”.
Background - Solid -> On the top row pick the 6th color from the left.
Vert Grid Lines and Horz Grid Lines -> On the top row pick the 7th color from the left.
You may of course change these and the indicator line colors as you like.
Adding indicator to Chart
-> Open the TradingView “Indicators & Strategies” library, the icon has “ƒx”. -> All premium scripts will be located under “Invite-Only Scripts” -> Click indicator to add to your chart.
MTFT TheStrat Suite (5 Scripts)
Rob Smith is the creator of ‘TheStrat’ trading strategy. For ‘TheStrat’ I have put together a suite of 5 premium scripts that combined will offer people interested in learning ‘TheStrat’ a cleaner learning process. For 2 of the 5 scripts specifically, the MTFT approach of overlaying multiple longer timeframes(TF) over a shorter TF selected as a display cannot be utilized. The other 2 scripts will have full MTFT functionality and they are my personal favorite. I will be providing very basic info to utilize this script; it is up to you to dive deep into learning this strategy. I am not an expert with the tool or a financial advisor. As with all aspects of life, I recommend you research, learn, discern and practice extensively in order to become a master.
1. MTFT Patterns Pro/Noob
2. MTFT Full Time Frame Continuity Table
3. MTFT Last HML wOpen
*4. MTFT Actionable Signal Targets
5. MTFT Reversal Lines
MTFT Actionable Signal Targets, TheStrat Suite (4of5)
Plots the previous highs/lows for the selected timeframe. Will not plot the high/low for a candlestick that is still active/open. You will have to manually Enable/Disable the high/low depending on the type of actionable signal that you are observing. Previous high/low lines will start from the near exact time that it opened so you can see exactly from what previous candlestick you are tracking each target.
Features includes:
1. Six Different Timeframes per script instance. Example below shows a weekly timeframe selected with a Shooting Star as the actionable signal that is being considered along with the past 3 lows for the Week timeframe being enabled. These would be your targets if you were to enter this SHORT trade. Keep in mind that every new week that opens the script will update to the newest 3 lows so if you are still inside a trade you might have to increase the number of past lines in order to keep an eye on the original targets. Which is why I selected 3 in this example, even if there is only 2 targets in mind.
The script will allow you to observe how price moves after an actionable signal is triggered and as it approaches the targets on smaller timeframes. Here is the setup from above on a daily timeframe selected showing how priced moved to the targets. This is all based on Robs teachings, but broken down to better grasp how price moves between pivots.
2. 20 different TF to pick from per slot. Timeframes(TF) include: Yearly(Y), Semi-annually(S), Quarterly(Q), Monthly(M), 2-Week(2W), Weekly(W), 3-Day(3D), Daily(D), 12 hour, 8 hour, 6 hour, 4 hour, 3 hour, 2 hour, 1 hour, 30 min, 15 min, 10 min, 5 min. NOTICE: 2W, 3D, 2D, 12h, 8h, 6h, 3h, and 2h don’t have a supported color scheme as I do not personally use them. They are available to pick from in the timeframe selection and you can set a color for these timeframes under the “Unsupported Color Scheme” section in the settings menu for the script if you would like to use them.
3. Show exact price at the pivots. Since drawing lines vs plots doesn’t show the value in the price bar on the right side this setting will show the value of the targets. Image below shows an example of how this looks.
4. Auto-hide timeframes based on specific timeframes selected. For this script, I look for timeframes smaller than the selected timeframe and auto hide these. This applies to all timeframes. For example, in the above Weekly Shooting Star example. If I were to select the monthly timeframe it would hide this timeframe selected so would not show the weekly targets. In the higher timeframes these targets are irrelevant.
IMPORTANT NOTE: One of the lessons I would consider most important in attaining clarity regarding trading, is “TheStrat” by Rob Smith. His lesson on “actionable signals” is something that can be applied to any strategy. For this reason, I am including “MTFT TheStrat Patterns Pro” script in all images that will depict confluence for a better trade selection.
Example using TheStrat Pro MTFT with this indicator.
Look for a “TheStrat actionable signal” or a “TheStrat Reversal signal” on a smaller timeframe that has an instance of this indicator on a larger timeframe calculation that is in range of the candlestick that formed your actionable signal. This means that the indicators plot you are observing must be above the low and below the high of the candlestick that is the actionable signal/reversal signal. Image below shows what this would look like with this indicator.
The Image below shows what this would look like with this indicator. The selected timeframe is the Weekly, it shows an ‘S’ char above which is an indication of a Shooting Star Actionable signal and the low from 4 months ago in range showing some potential resistance. This actionable signal is meant to be played for SHORTS. If the low is breached than you would enter a short. For targets you would look at the previous pivots, for this example all targets were hit. This wont always play out so nice and clean, but given that there is so many stocks and so many signals this is just a thought to improve the quality of the signal as it has extra confluence.
KISS BOT (Keep It Simple BOT)A very simple script that can be used for Futures and Options Trading - for stocks, crypto, forex etc.
The script includes usage of following public scripts:
1. Super Trend
2. Linear Regression
3. Exponential Moving Average
Concept, we are using three EMA, with source High, Low, and Close. We want to buy or sell when there is a crossover of third EMA (fastest) over first and second respectively.
E.g. the default values are EMA 13 High, EMA 13 Low and EMA 5 Close, we will get Buy signal when EMA 5 crosses over EMA 13 High and we will get Sell signal when EMA 5 crosses under EMA 13 Low.
Super Trend settings are made for Looking for Buy or Looking Sell, so that we focus on the trend. Trend is your friend.
Buy Trigger Line and Sell Trigger Line are just indication of using Trigger Line, buy is when EMA 5 crosses EMA 13 Low and Sell When EMA 5 Crosses EMA 13 High
The Tunnel or Band highlighted is the no trade zone for us and we do not want to trade side ways market.
Inside Bars are shown in Yellow, these candles do not qualify for any trade decision.
Outside Bars are shown in Pink, these candles do not qualify for any trade decision
Trendline Pairs (Deep Search)After getting good response on Wedge-and-Flag-Finder-Multi-zigzag , I thought I will build little bit further into the script.
Main differences
Uses deep search algorithm for patterns instead of just using last 5 pivots
Flag pattern is removed so that we can concentrate mainly on trend line pairs
More number of overall patterns.
Trend Patterns Included
Channel - Rising, Falling, Ranging
Wedge - Rising, Falling + Expanding, Contracting types
Triangle - Expanding, Contracting
Indeterminate - Happens in rare cases where angle calculation results in error. It may still belong to one of the above patterns.
Please note:
This is published as free to use but protected source code indicator. This is because the script contains deep search algorithm which isn't made public yet and is also been used in other invite only scripts.
Will not be adding alerts to this indicator.
Swing Assassin's Consolidated ScriptI put this script together to essentially consolidate a number of scripts that I use on a daily basis into one script. This is an ongoing improvement effort, so there may be some garbage in here right now so keep that in mind if you intend to use this to help in your trading.
There are 5 moving averages (Hull). I use the Fast, Mid and Slow to find entries after I us the Medium Slow and Super Slow to identify a trend. Otherwise, I have those three turned off.
This script also uses Bollinger Bands which I literally cannot trade without.
The script also has anchored VWAP , automated support/resistance lines, and a homebrewed Volume Profile that is a copy from Ildar Akhmetgaleev's indicator "Poor Man's Volume Profile" used under Mozilla Public License Version 2.0.
ProfitBee59 ProProfitBee59 Pro for TradingView helps you do tedious works on your technical charts.
*It does CC59 counting and prints out a positive or negative number on each price bar. When the counting arrives at -9 or +9, it creates support and resistance (SNR) levels on the chart.
*It detects a Mom and Baby (MNB) pair of price bars where the left bar has higher high and lower low prices compared to those of the right bar. When a Mom and Baby pair is detected, Mommy head (high price of Mommy bar) and Mommy toe (low price of Mommy bar) levels are drawn on the chart.
*It calculates and plots a volume-weighted-average-price (VWAP) line on the chart with purple color for declining value and white color for rising value.
*It detects and draws a supply trend line of negative slope that links between two local maximum points on the chart.
*It detects and draws a demand trend line of positive slope that links between two local minimum points on the chart.
*It shows arrows and bells based on various configurable conditions on the chart.
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How to install the script:
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*Go to the bottom of this page and click on "Add to Favorite Scripts".
*Remove older version of the script by clicking on the "X" button behind the indicator line at the top left corner of the chart window.
*Open a new chart at and click on the "Indicators" tab.
*Click on the "Favorites" tab and choose "ProfitBee59 Pro".
*Right click anywhere on the graph, choose "Color Theme", the select "Dark".
*Right click anywhere on the graph, choose "Settings".
*In "Symbol" tab, set "Precision" to 1/100 for stock price or 1/100000 for Forex and set "Time Zone" to your local time.
*In "Scales" tab, check "Symbol Name Label" and "Indicator Last Value Label".
*In "Events" tab, check "Show Dividends on Chart", "Show Splits on Chart" and "Show Earnings on Chart".
*At the bottom of settings window, click on "Template", "Save As...", then name this theme of graph setting for future call up such as "Stock pb59pro" or "Forex pb59pro" or "Crypto pb59pro".
*Click OK.
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ProfitBee59 Pro for TradingView (pb59pro) is locked and protected.
Please ***do not*** ask for access in the comment section.
Use the link below to obtain access to this indicator.
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PriceCatch Opensource CPRHi Friends & TradingView community.
Greetings to you.
Some traders like to use Central Pivot Range (CPR) in their chart for assessing price movement. It is usually used in combination with Pivot Levels.
Calculating CPR is a simple matter. There a few CPR scripts in the Public Library, but have the code hidden. I thought there may many users who may want to know how CPR is calculated and study it for use in their own scripts. So, here is the CPR script with the code. Use it as you please.
Note: CPR is plotted only on intra-day time-frames.
The light magenta (band) range is current day CPR.
The light blue (band) range is tomorrow's CPR projected for you today itself based on current day's price action and range.
Queries / feedback welcome.
All the best.
PS: The script is developed to the best of my ability and as with all indicators, you have to decide if it might be useful to you when adding to your chart.
Pinescript - Standard Array Functions Library by RRBStandard Array Functions Library by RagingRocketBull 2021
Version 1.0
This script provides a library of every standard Pinescript array function for live testing with all supported array types.
You can find the full list of supported standard array functions below.
There are several libraries:
- Common String Functions Library
- Common Array Functions Library
- Standard Array Functions Library
Features:
- Supports all standard array functions (30+) with all possible array types* (* - except array.new* functions and label, line array types)
- Live Output for all/selected functions based on User Input. Test any function for possible errors you may encounter before using in script.
- Output filters: show errors, hide all excluded and show only allowed functions using a list of function names
- Console customization options: set custom text size, color, page length, line spacing
Notes:
- uses Pinescript v3 Compatibility Framework
- uses Common String Functions Library
- has to be a separate script to reduce the number of local scopes in Common Array Function Library, there's no way to merge these scripts into a single library.
- lets you live test all standard array functions for errors. If you see an error - change params in UI
- array types that are not supported by certain functions and producing a compilation error were disabled with "error" showing up as result
- if you see "Loop too long" error - hide/unhide or reattach the script
- doesn't use pagination, a single str contains all output
- for most array functions to work (except push), an array must be defined with at least 1 pre-existing dummy element 0.
- array.slice and array.fill require from_index < to_index otherwise error
- array.join only supports string arrays, and delimiter must be a const string, can't be var/input. Use join_any_array to join any array type into string. You can also use tostring() to join int, float arrays.
- array.sort only supports int, float arrays. Use sort_any_array from the Common Array Function Library to sort any array type.
- array.sort only sorts values, doesn't preserve indexes. Use sort_any_array from the Common Array Function Library to sort any array while preserving indexes.
- array.concat appends string arrays in reverse order, other array types are appended correctly
- array.covariance requires 2 int, float arrays of the same size
- tostring(flag) works only for internal bool vars, flag expression can't depend on any inputs of any type, use bool_to_str instead
- you can't create an if/function that returns var type value/array - compiler uses strict types and doesn't allow that
- however you can assign array of any type to another array of any type creating an arr pointer of invalid type that must be reassigned to a matching array type before used in any expression to prevent error
- source_array and create_any_array2 use this loophole to return an int_arr pointer of a var type array
- this works for all array types defined with/without var keyword. This doesn't work for string arrays defined with var keyword for some reason
- you can't do this with var type vars, this can be done only with var type arrays because they are pointers passed by reference, while vars are the actual values passed by value.
- wrapper functions solve the problem of returning var array types. This is the only way of doing it when the top level arr type is undefined.
- you can only pass a var type value/array param to a function if all functions inside support every type - otherwise error
- alternatively values of every type must be passed simultaneously and processed separately by corresponding if branches/functions supporting these particular types returning a common single result type
- get_var_types solves this problem by generating a list of dummy values of every possible type including the source type, allowing a single valid branch to execute without error
- examples of functions supporting all array types: array.size, array.get, array.push. Examples of functions with limited type support: array.sort, array.join, array.max, tostring
- unlike var params/global vars, you can modify array params and global arrays directly from inside functions using standard array functions, but you can't use := (it only works for local arrays)
- inside function always work with array.copy to prevent accidental array modification
- you can't compare arrays
- there's no na equivalent for arrays, na(arr) doesn't work
P.S. A wide array of skills calls for an even wider array of responsibilities
List of functions:
- array.avg(arr)
- array.clear(arr)
- array.concat(arr1, arr2)
- array.copy(arr)
- array.covariance(arr1, arr2)
- array.fill(arr, value, index_from, index_to)
- array.get(arr, index)
- array.includes(arr, value)
- array.indexof(arr, value)
- array.insert(arr, index, value)
- array.join(arr, delimiter)
- array.lastindexof(arr, value)
- array.max(arr)
- array.median(arr)
- array.min(arr)
- array.mode(arr)
- array.pop(arr)
- array.push(arr, value)
- array.range(arr)
- array.remove(arr, index)
- array.reverse(arr)
- array.set(arr, index, value)
- array.shift(arr)
- array.size(arr)
- array.slice(arr, index_from, index_to)
- array.sort(arr, order)
- array.standardize()
- array.stdev(arr)
- array.sum(arr)
- array.unshift(arr, value)
- array.variance(arr)
CSPDMost Advanced & Accurate CandleStick Pattern Detector
Looking All Over of All Markets for All Important Powerful Reversal | Corrective Patterns (25 type)
Filtering the Results with Optional Features like Oscillator, Bollinger Bands, Volume Confirmation, Prior and Following Candles Confirmation which are Fully Customizable.
With this you can detect:
Hammer | Shooting star
Inverted Hammer | Hanging
Long legged Doji | Dragonfly Doji | Gravestone Doji
Bullish tweezers | Bearish tweezers
Bullish inside bar | Bearish inside bar
Bullish three line strike | Bearish three line strike
Bullish engulfing | Bearish engulfing
Piercing line | Dark cloud cover
Bullish abandoned baby | Bearish abandoned baby
Morning star | Evening star
Three white soldiers | Three black crows
*Bullish kayo | *Bearish kayo
Features:
Prior and Following candles Confirmation
You can set prior and following candle as basic prerequisites for marking candles as pattern to make sure you are at the top or bottom of the trend.
Volume confirmation
You can active volume increasing confirmation for some of pattern with adjustable increase % relative to prior candle | candles.
Oscillator Confirmation
Active oscillator confirmation. Select your approved oscillator from list (Stochastic, RSI, StochRSI, MFI, StochMFI) then enter desired value for marking candles as bullish | bearish pattern.
Bollinger Bands Confirmation
Active BB confirmation. Configure your Bollinger Bands. Now only see the patterns which reached or crossed from Bands. Also you can enable BB clod to have your BB indicator at the same time.
Adjustable Flexibility and Precision
You can set tolerance% for Osc and BB Confirmation - each one separately - for more control.
Self-adaptability
The properties of markets change over time, for example the amplitude of fluctuations and the intensity of movements. The script is designed in such a way that you can examine the price history as a benchmark for changes in market properties to adopt determinants. Also you can control those manually.
Self-regulatory
The user has the ability to change input factors depending on their point of view.
Behind the pattern recognition algorithms, there are relationships and similarities in their appearance that cause them to be influenced by each other. Simultaneously with changing the determining factors of each pattern by you, script automatically adjusts other details in accordance with your changes.
Alerts
You can set for type of pattern or each one of pattern have been detected.
Fully Costumizable
All of these options can be change and adjust.
Note 1.
The patterns are based on extensive study of reference and famous sources and the experience of me and my friends in trading and analysis with price action methods.
Note 2.
Due to the Pine limitations in the number of outputs | plots for each script, our attempt has been made to select the best and most important patterns.
Note 3.
So far, many scripts have been written in this field, but our experience with all of them and even the build in version was not satisfactory, and this was the initial motivation for making the script.
We strive to improve progress and elimination of shortcomings and we will continue to make this better.
Note 4.
Through personal experience and based on the principles of market and candlestick psychology, we discovered a new type of pattern and named it as Kayo.
kayo is a two candle pattern which formed when:
1.We have a pivot point with prior candles as left bars and following candles as right bar. Pivot candle called as second candle.
2.In a bullish kayo, first candle must closed descending and second candle must closed as ascending. For bearish kayo vise versa.
3.In a bullish kayo, second candle's lower wick must be longer then upper wick.
4. A pattern marked as kayo when its conditions do not correspond to any of the other patterns(include the confirmation that user added), ie it has the last naming priority over the other patterns.
Note 5.
When you active confirmation options for patterns like hammer, engulf and etc which they conditions are like kayo in some extent, if they can't pass the confirmation steps, they can be marked as kayo pattern.
Note 6.
If you active volume confirmation for Three white soldiers | Three black crows, the confirmation get passed if the volume of forth or third candle increased as value as entered relative to volume EMA3 of 3 candles.
Note 7.
In a bullish pattern all highs of following candles MUST be higher than prior highs and all lows of following candles MUST be higher than prior lows. For bearish patterns vise versa.
This type of confirmation depends on High and Low NOT close!
Gift to price action lovers!
Support us with your like and comments. let us know your experience, points and idea to make this better together.
ProfitBee59 v6.0ProfitBee59 v6.0 for TradingView (pb6 ai) helps you do tedious works on your technical charts.
*It does CC59 counting and prints out a positive or negative number on each price bar.
*When the counting arrives at -9 or +9, it creates support and resistance ( SNR ) levels on the chart.
*It draws a pair of fast/slow average lines with pink/red colors for corresponding downtrend and yellow/green for uptrend.
*It shows a crossing point between fast/slow average line with a cream cross sign.
*It analyses and prints Up/Dn arrows base on each of these modes including time, price, average line turnings and crossing, above red/ below green (ARBG) candlesticks.
*It draws lines showing differences between price-fast average, price-slow average, and fast average-slow average.
*In addition, other auxiliary tools such as Max/Min finder used to find the candlesticks with local max/min prices or Gap finder used to locate discontinuity between candlesticks are also provided.
*For Forex trading, other intraday parameters are also available including the day opening level, high/low of previous days as well as intraday brown background marking overlapping sessions for Sydney-Tokyo, Tokyo-London and London-New York markets.
*Smart phone/tablet and PC notifications of events occurring in the chart can be sent to you by server-side alerts so that you don't have to stay in front of the screen all the time.
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How to install the script:
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*Go to the bottom of this page and click on "Add to Favorite Scripts".
*Remove older version of the script by clicking on the "X" button behind the indicator line at the top left corner of the chart window.
*Open a new chart at and click on the "Indicators" tab.
*Click on the "Favorites" tab and choose "ProfitBee59 v6.0".
*Right click anywhere on the graph, choose "Color Theme", the select "Dark".
*Right click anywhere on the graph, choose "Settings".
*In "Symbol" tab, set "Precision" to 1/100 for stock price or 1/100000 for Forex and set "Time Zone" to your local time.
*In "Scales" tab, check "Symbol Name Label" and "Indicator Last Value Label".
*In "Events" tab, check "Show Dividends on Chart", "Show Splits on Chart" and "Show Earnings on Chart".
*At the bottom of settings window, click on "Template", "Save As...", then name this theme of graph setting for future call up such as "Stock pb6" or "Forex pb6".
*Click OK.
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ProfitBee59 v6.0 for TradingView (pb6 ai) is locked and protected.
Please ***do not*** ask for access in the comment section.
Use the link below to obtain access to this indicator.
==========================================
CryptoSignalScanner - Stochastic Trend IndicatorDESCRIPTION:
This script has been designed to provide the ideal buy and sell moment on the lower time frames.
• This scripts is based on the Stochastic RSI Indicator.
• When we are in an uptrend the background becomes green.
• When we are in a downtrend the background becomes red.
• It is also possibility to set the overbought and oversold range.
HOW TO USE:
• When the blue line (stochastic K) has crossed above the red line (stochastic D) in the oversold area then this is the ideal moment to get into a trade.
• When the blue line (stochastic K) has crossed below the red line (stochastic D) in the overbought area then this is the ideal moment to get out of a trade.
• Use this together with the CryptoSignalScanner - Advanced BUY/SELL indicator to get a stronger confirmation.
• Use the Fibonacci tool together with the Eliot Waves to help you to find the ideal buy or sell moment.
HOW TO GET ACCESS TO THE SCRIPT:
• Use the link below to subscribe to our indicators.
REMARKS:
• This advice is NOT financial advice.
• We do not provide personal investment advice and we are not a qualified licensed investment advisor.
• All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice.
• We will not and cannot be held liable for any actions you take as a result of anything you read here.
• We only provide this information to help you make a better decision.
• While the information provided is believed to be accurate, it may include errors or inaccuracies.
Good Luck,
The CryptoSignalScanner Team
CryptoSignalScanner - Double High/Low & Engulfing IndicatorDESCRIPTION:
This script has been designed to show the double high/low candle patterns and the Engulfing candles patterns.
• This scripts is based on RSI length.
• It displays a label when a Double High or Double Low candle pattern is detected.
• It displays a label when a Bullish Engulfing or Bearish Engulfing candle pattern is detected.
• It is also possibility to set a Double High/Low, Double High, Double Low, Bullish/Bearish Engulfing, Bullish Engulfing, or Bearish Engulfing alert.
HOW TO USE:
• When a Double High signal appears it means that we have probably or temporarily stopped the uptrend and could see a reversal. Most likely we will see a downtrend from here.
• When a Double Low signal appears it means that we have probably or temporarily stopped the downtrend and probably could see a reversal. Most likely we will see an uptrend from here.
• When a Bullish Engulfing candle appears it means that we probably made a reversal to the upside. Bullish Engulfing patterns are more likely to signal reversals when they are preceded by three or more red candlesticks.
• When a Bearish Engulfing candle appears it means that we probably made a reversal to the downside. Bearish Engulfing patterns are more likely to signal reversals when they are preceded by three or more green candlesticks.
• Wait for a clear reversal to buy or to sell. Use the Fibonacci tool together with the Eliot Waves to help you with this.
FEATURES:
• You can show/hide the labels based on RSI length and high/low input values.
• You can show/hide the labels based on the % candle match.
• You can show/hide the Double High/Low labels.
• You can show/hide the Bullish/Bearish Engulfing labels.
HOW TO GET ACCESS TO THE SCRIPT:
• Use the link below to subscribe to our indicators.
REMARKS:
• This advice is NOT financial advice.
• We do not provide personal investment advice and we are not a qualified licensed investment advisor.
• All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice.
• We will not and cannot be held liable for any actions you take as a result of anything you read here.
• We only provide this information to help you make a better decision.
• While the information provided is believed to be accurate, it may include errors or inaccuracies.
Good Luck,
The CryptoSignalScanner Team
MIDAS VWAP Jayy his is just a bash together of two MIDAS VWAP scripts particularly AkifTokuz and drshoe.
I added the ability to show more MIDAS curves from the same script.
The algorithm primarily uses the "n" number but the date can be used for the 8th VWAP
I have not converted the script to version 3.
To find bar number go into "Chart Properties" select " "background" then select Indicator Titles and "Indicator values". When you place your cursor over a bar the first number you see adjacent to the script title is the bar number. Put that in the dialogue box midline is MIDAS VWAP . The resistance is a MIDAS VWAP using bar highs. The resistance is MIDAS VWAP using bar lows.
In most case using N will suffice. However, if you are flipping around charts inputting a specific date can be handy. In this way, you can compare the same point in time across multiple instruments eg first trading day of the year or an election date.
Adding dates into the dialogue box is a bit cumbersome so in this version, it is enabled for only one curve. I have called it VWAP and it follows the typical VWAP algorithm. (Does that make a difference? Read below re my opinion on the Difference between MIDAS VWAP and VWAP ).
I have added the ability to start from the bottom or top of the initiating bar.
In theory in a probable uptrend pick a low of a bar for a low pivot and start the MIDAS VWAP there using the support.
For a downtrend use the high pivot bar and select resistance. The way to see is to play with these values.
Difference between MIDAS VWAP and the regular VWAP
MIDAS itself as described by Levine uses a time anchored On-Balance Volume (OBV) plotted on a graph where the horizontal (abscissa) arm of the graph is cumulative volume not time. He called his VWAP curves Support/Resistance VWAP or S/R curves. These S/R curves are often referred to as "MIDAS curves".
These are the main components of the MIDAS chart. A third algorithm called the Top-Bottom Finder was also described. (Separate script).
Additional tools have been described in "MIDAS_Technical_Analysis"
Midas Technical Analysis: A VWAP Approach to Trading and Investing in Today’s Markets by Andrew Coles, David G. Hawkins
Copyright © 2011 by Andrew Coles and David G. Hawkins.
Denoting the different way in which Levine approached the calculation.
The difference between "MIDAS" VWAP and VWAP is, in my opinion, much ado about nothing. The algorithms generate identical curves albeit the MIDAS algorithm launches the curve one bar later than the VWAP algorithm which can be a pain in the neck. All of the algorithms that I looked at on Tradingview step back one bar in time to initiate the MIDAS curve. As such the plotted curves are identical to traditional VWAP assuming the initiation is from the candle/bar midpoint.
How did Levine intend the curves to be drawn?
On a reversal, he suggested the initiation of the Support and Resistance VVWAP (S/R curve) to be started after a reversal.
It is clear in his examples this happens occasionally but in many cases he initiates the so-called MIDAS S/R VWAP right at the reversal point. In any case, the algorithm is problematic if you wish to start a curve on the first bar of an IPO .
You will get nothing. That is a pain. Also in Levine's writings, he describes simply clicking on the point where a
S/R VWAP is to be drawn from. As such, the generally accepted method of initiating the curve at N-1 is a practical and sensible method. The only issue is that you cannot draw the curve from the first bar on any security, as mentioned without resorting to the typical VWAP algorithm. There is another difference. VWAP is launched from the middle of the bar (as per AlphaTrends), You can also launch from the top of the bar or the bottom (or anywhere for that matter). The calculation proceeds using the top or bottom for each new bar.
The potential applications are discussed in the MIDAS Technical Analysis book.
ULTIMATE ORDER FLOW SYSTEM🔥 ULTIMATE ORDER FLOW SYSTEM
Overview
This comprehensive order flow analysis tool combines **Volume Profile**, **Cumulative Delta**, and **Large Order Detection** to identify high-probability trading setups. The script analyzes institutional order flow patterns and volume distribution to pinpoint key levels where price is likely to react.
📊 Core Components & Methodology
🔥 ULTIMATE ORDER FLOW SYSTEM
Overview
This comprehensive order flow analysis tool combines Volume Profile, Cumulative Delta, and Large Order Detection to identify high-probability trading setups. The script analyzes institutional order flow patterns and volume distribution to pinpoint key levels where price is likely to react.
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📊 Core Components & Methodology
1. Volume Profile Analysis
The script constructs a horizontal volume profile by:
• Dividing the price range into configurable rows (default: 20)
• Accumulating volume at each price level over a lookback period (default: 50 bars)
• Separating buy volume (green bars close > open) from sell volume (red bars)
• Identifying three critical levels:
o POC (Point of Control): Price level with highest traded volume - acts as a strong magnet
o VAH/VAL (Value Area High/Low): Contains 70% of total volume - defines fair value zone
o HVN (High Volume Nodes): Resistance zones where institutions accumulated positions
o LVN (Low Volume Nodes): Thin zones that price moves through quickly - ideal targets
Why This Matters: Institutional traders leave footprints through volume. HVN zones show where large players defended levels, making them reliable support/resistance.
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2. Cumulative Delta (Order Flow)
Tracks the running total of buying vs selling pressure:
• Bar Delta: Difference between buy and sell volume per candle
• Cumulative Delta: Sum of all bar deltas - shows net directional pressure
• Delta Moving Average: Smoothed delta (20-period) to identify trend
• Delta Divergences:
o Bullish: Price makes lower low, but delta makes higher low (absorption at bottom)
o Bearish: Price makes higher high, but delta makes lower high (exhaustion at top)
How It Works: When cumulative delta trends up while price consolidates, it signals accumulation. Delta divergences reveal when smart money is positioned opposite to retail expectations.
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3. Large Order Detection
Identifies institutional-sized orders in real-time:
• Compares current bar volume to 20-period moving average
• Flags orders exceeding 2.5x average volume (configurable multiplier)
• Distinguishes bullish (green circles below) vs bearish (red circles above) large orders
Rationale: Sudden volume spikes at key levels indicate institutional participation - the "fuel" needed for breakouts or reversals.
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🎯 Trading Signal Logic
Combined Setup Criteria
The script generates SHORT and LONG signals when multiple conditions align:
SHORT Signal Requirements:
1. Price reaches an HVN resistance zone (within 0.2%)
2. Large sell order detected (volume spike + red candle)
3. Cumulative delta is bearish OR bearish divergence present
4. 10-bar cooldown between signals (prevents overtrading)
LONG Signal Requirements:
1. Price reaches an HVN support zone
2. Large buy order detected (volume spike + green candle)
3. Cumulative delta is bullish OR bullish divergence present
4. 10-bar cooldown enforced
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🔧 Customization Options
Setting - Purpose - Recommendation
Volume Profile Rows - Granularity of level detection - 20 (balanced)
Lookback Period - Historical data analyzed - 50 bars (intraday), 200 (swing)
Large Order Multiplier - Sensitivity to volume spikes - 2.5x (standard), 3.5x (conservative)
HVN Threshold - Resistance zone detection - 1.3 (default)
LVN Threshold - Target zone identification - 0.6 (default)
Divergence Lookback - Pivot detection period - 5 bars (responsive)
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📈 Dashboard Indicators
The real-time panel displays:
• POC: Current Point of Control price
• Location: Whether price is at HVN resistance
• Orders: Current large buy/sell activity
• Cumulative Δ: Net order flow value + trend direction
• Divergence: Active bullish/bearish divergences
• Bar Strength: % of candle volume that's directional (>65% = strong)
• SETUP: Current trade signal (LONG/SHORT/WAIT)
________________________________________
🎨 Visual System
• Yellow POC Line: Highest volume level - primary pivot
• Blue Value Area Box: Fair value zone (VAH to VAL)
• Red HVN Zones: Resistance/support from institutional accumulation
• Green LVN Zones: Low-liquidity targets for quick moves
• Volume Bars: Green (buy pressure) vs Red (sell pressure) distribution
• Triangles: LONG (green up) and SHORT (red down) entry signals
• Diamonds: Divergence warnings (cyan=bullish, fuchsia=bearish)
________________________________________
💡 How This Script Is Unique
Unlike standalone volume profile or delta indicators, this script:
1. Synthesizes three complementary methods - volume structure, order flow momentum, and liquidity detection
2. Requires multi-factor confirmation - signals only trigger when price, volume, and delta align at key zones
3. Adapts to market regime - delta filters ensure you're trading with the dominant order flow direction
4. Provides context, not just signals - the dashboard helps you understand why a setup is forming
________________________________________
⚙️ Best Practices
Timeframes:
• 5-15 min: Scalping (use 30-50 bar lookback)
• 1-4 hour: Swing trading (use 100-200 bar lookback)
Risk Management:
• Enter on signal candle close
• Stop loss: Beyond nearest HVN/LVN zone
• Target 1: Next LVN level
• Target 2: Opposite value area boundary
Filters:
• Avoid signals during major news events
• Require bar delta strength >65% for aggressive entries
• Wait for delta MA cross confirmation in ranging markets
________________________________________
🚨 Alerts Available
• Long Setup Trigger
• Short Setup Trigger
• Bullish/Bearish Divergence Detection
• Large Buy/Sell Order Execution
________________________________________
📚 Educational Context
This methodology is based on principles used by professional order flow traders:
• Market Profile Theory: Volume distribution reveals fair value
• Tape Reading: Large orders show institutional intent
• Auction Theory: Price seeks areas of liquidity imbalance (LVN zones)
The script automates pattern recognition that discretionary traders spend years learning to identify manually.
________________________________________
⚠️ Disclaimer
This indicator is a trading tool, not a trading system. It identifies high-probability setups based on order flow analysis but requires proper risk management, market context, and trader discretion. Past performance does not guarantee future results.
________________________________________
Version: 6 (Pine Script)
Type: Overlay + Separate Pane (Delta Panel)
Resource Usage: Moderate (500 bars history, 500 lines/boxes)
________________________________________
For questions or support, please comment below. If you find this script valuable, please boost and favorite! 🚀
1. Volume Profile Analysis
The script constructs a horizontal volume profile by:
- Dividing the price range into configurable rows (default: 20)
- Accumulating volume at each price level over a lookback period (default: 50 bars)
- Separating buy volume (green bars close > open) from sell volume (red bars)
- Identifying three critical levels:
- POC (Point of Control): Price level with highest traded volume - acts as a strong magnet
- VAH/VAL (Value Area High/Low): Contains 70% of total volume - defines fair value zone
- HVN (High Volume Nodes): Resistance zones where institutions accumulated positions
- LVN (Low Volume Nodes): Thin zones that price moves through quickly - ideal targets
Why This Matters: Institutional traders leave footprints through volume. HVN zones show where large players defended levels, making them reliable support/resistance.
---
2. Cumulative Delta (Order Flow)
Tracks the running total of buying vs selling pressure:
- **Bar Delta**: Difference between buy and sell volume per candle
- **Cumulative Delta**: Sum of all bar deltas - shows net directional pressure
- **Delta Moving Average**: Smoothed delta (20-period) to identify trend
- **Delta Divergences**:
- **Bullish**: Price makes lower low, but delta makes higher low (absorption at bottom)
- **Bearish**: Price makes higher high, but delta makes lower high (exhaustion at top)
**How It Works**: When cumulative delta trends up while price consolidates, it signals accumulation. Delta divergences reveal when smart money is positioned opposite to retail expectations.
---
### 3. **Large Order Detection**
Identifies **institutional-sized orders** in real-time:
- Compares current bar volume to 20-period moving average
- Flags orders exceeding 2.5x average volume (configurable multiplier)
- Distinguishes bullish (green circles below) vs bearish (red circles above) large orders
**Rationale**: Sudden volume spikes at key levels indicate institutional participation - the "fuel" needed for breakouts or reversals.
---
## 🎯 Trading Signal Logic
### Combined Setup Criteria
The script generates **SHORT** and **LONG** signals when multiple conditions align:
**SHORT Signal Requirements:**
1. Price reaches an HVN resistance zone (within 0.2%)
2. Large sell order detected (volume spike + red candle)
3. Cumulative delta is bearish OR bearish divergence present
4. 10-bar cooldown between signals (prevents overtrading)
**LONG Signal Requirements:**
1. Price reaches an HVN support zone
2. Large buy order detected (volume spike + green candle)
3. Cumulative delta is bullish OR bullish divergence present
4. 10-bar cooldown enforced
---
## 🔧 Customization Options
| Setting | Purpose | Recommendation |
|---------|---------|----------------|
| **Volume Profile Rows** | Granularity of level detection | 20 (balanced) |
| **Lookback Period** | Historical data analyzed | 50 bars (intraday), 200 (swing) |
| **Large Order Multiplier** | Sensitivity to volume spikes | 2.5x (standard), 3.5x (conservative) |
| **HVN Threshold** | Resistance zone detection | 1.3 (default) |
| **LVN Threshold** | Target zone identification | 0.6 (default) |
| **Divergence Lookback** | Pivot detection period | 5 bars (responsive) |
---
## 📈 Dashboard Indicators
The real-time panel displays:
- **POC**: Current Point of Control price
- **Location**: Whether price is at HVN resistance
- **Orders**: Current large buy/sell activity
- **Cumulative Δ**: Net order flow value + trend direction
- **Divergence**: Active bullish/bearish divergences
- **Bar Strength**: % of candle volume that's directional (>65% = strong)
- **SETUP**: Current trade signal (LONG/SHORT/WAIT)
---
## 🎨 Visual System
- **Yellow POC Line**: Highest volume level - primary pivot
- **Blue Value Area Box**: Fair value zone (VAH to VAL)
- **Red HVN Zones**: Resistance/support from institutional accumulation
- **Green LVN Zones**: Low-liquidity targets for quick moves
- **Volume Bars**: Green (buy pressure) vs Red (sell pressure) distribution
- **Triangles**: LONG (green up) and SHORT (red down) entry signals
- **Diamonds**: Divergence warnings (cyan=bullish, fuchsia=bearish)
---
## 💡 How This Script Is Unique
Unlike standalone volume profile or delta indicators, this script:
1. **Synthesizes three complementary methods** - volume structure, order flow momentum, and liquidity detection
2. **Requires multi-factor confirmation** - signals only trigger when price, volume, and delta align at key zones
3. **Adapts to market regime** - delta filters ensure you're trading with the dominant order flow direction
4. **Provides context, not just signals** - the dashboard helps you understand *why* a setup is forming
---
## ⚙️ Best Practices
**Timeframes:**
- 5-15 min: Scalping (use 30-50 bar lookback)
- 1-4 hour: Swing trading (use 100-200 bar lookback)
**Risk Management:**
- Enter on signal candle close
- Stop loss: Beyond nearest HVN/LVN zone
- Target 1: Next LVN level
- Target 2: Opposite value area boundary
**Filters:**
- Avoid signals during major news events
- Require bar delta strength >65% for aggressive entries
- Wait for delta MA cross confirmation in ranging markets
---
## 🚨 Alerts Available
- Long Setup Trigger
- Short Setup Trigger
- Bullish/Bearish Divergence Detection
- Large Buy/Sell Order Execution
---
## 📚 Educational Context
This methodology is based on principles used by professional order flow traders:
- **Market Profile Theory**: Volume distribution reveals fair value
- **Tape Reading**: Large orders show institutional intent
- **Auction Theory**: Price seeks areas of liquidity imbalance (LVN zones)
The script automates pattern recognition that discretionary traders spend years learning to identify manually.
---
## ⚠️ Disclaimer
This indicator is a **trading tool, not a trading system**. It identifies high-probability setups based on order flow analysis but requires proper risk management, market context, and trader discretion. Past performance does not guarantee future results.
---
**Version**: 6 (Pine Script)
**Type**: Overlay + Separate Pane (Delta Panel)
**Resource Usage**: Moderate (500 bars history, 500 lines/boxes)
---
*For questions or support, please comment below. If you find this script valuable, please boost and favorite!* 🚀
Simple COT ReportCOT Net Positions Indicator
Author: © Munkhtur
This indicator provides a comprehensive visualization of the Commitment of Traders (COT) report data, enabling traders to analyze market sentiment and positioning for key market participants.
Key Features:
Dashboard Display: Shows the net positions of Commercial, Noncommercial, and Nonreportable (Retail) traders.
Dynamic Position Tracking: Highlights significant changes in long and short positions for all trader categories based on customizable percentage thresholds.
COT Data Integration: Utilizes Legacy COT report data with clear segregation of long, short, and net positions.
Visual Signals:
Bullish and bearish trends are indicated with customizable colors for better chart visualization.
Displays "open" and "close" position changes directly on the price candles for easier tracking.
Flexible Configuration: Adjustable settings for dashboard location, text size, percentage thresholds, and color schemes.
How to Use:
Load the Script: Add the indicator to your Futures chart only by navigating to the TradingView indicators menu and selecting it from your saved scripts.
Customize Settings:
Dashboard: Enable or disable the dashboard, and set its position (Top Left, Top Right, etc.).
Data on Candle: Turn on/off the visualization of COT data changes on price candles and define the percentage change threshold to focus on significant moves.
Style Options: Customize bullish and bearish colors for better visual differentiation.
Select Trader Group: Choose from Commercial, Noncommercial, or Nonreportable positions in the settings menu to analyze the specific group of market participants.
Interpret Signals:
Green bars indicate opening long positions or bullish sentiment.
Red bars highlight opening short positions or bearish sentiment.
Yellow and purple bars signify the closure of long and short positions, respectively.
Use Cases:
Identify market sentiment shifts by observing net position changes among different trader groups.
Spot potential trend reversals based on COT data dynamics.
Use as a complementary tool to confirm your existing trading strategies.
Disclaimer:
This indicator is a tool for educational and informational purposes only. Always combine it with your own analysis and risk management strategy when trading.
