Strategy Myth-Busting #23 - 2xEMA+DPO- [MYN]#23 on the Myth-Busting bench, we are automating the "Best Funded Account Trading Strategy (Pass EVERY Challenge!)" strategy from "Trade with Pat" who claims this strategy will pass every trading challenge out there.
This strategy uses 3 open source indicators. 2 EMA's. The first one (Slow) is set to a length of 40 and a fast EMA which is set to 12. This strategy uses the crossover of the fast( 12) EMA over the Slow EMA ( 40 ) as the primary means to enter a long position. The opposite when the fast EMA crosses under the slow EMA as a means to indicate a short position. This strategy uses the DPO (Detrended Price Oscillaor) from the Uptrend Price DPO indicator in the same way we would traditionally use a stochastic or moving average convergence/divergence indicator like the MACD . Basically, the DPO helps evaluate and estimate the length of the price cycle from peak to peek or through to trough and in this strategy confirms entry of a long / short condition complimenting the EMA crossover/crossunders.
And as always, If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.
This strategy uses a combination of 2 open-source public indicators:
EMA x2 ( 40 and 12)
Untrend Price DPO indicator by jTradeuh
Trading Rules
1 or 4 hour candles
Stop loss at previous highest-high (Short) and lowest-low (Long).
Take Profit 2 - 2.5 the risk
Strategy Template includes open source code from the following:
Performance Summary Dashboard by @VertMT
Time Of Day Window by @ddctv
Monthly Table Performance Dashboard by @QuantNomad
Recherche dans les scripts pour "信达股份40周年"
Chop and explode (ps5)Description : This is a renovated version of my previous mod that was based on the original script from fhenry0331.
Added are:
a data cleaning function
a seasonal random index function
an updated scaler and
a signalling procedure.
-
The following description is moved here from the old script.
The purpose of this script is to decipher chop zones from runs/movement/explosion spans. The chop is RSI movement between 40 and 60. Tight chop is RSI movement between 45 and 55. There should be an explosion after RSI breaks through 60 (long) or 40 (short). Tight chop bars are colored gray, a series of gray bars indicates a tight consolidation and should explode imminently. The longer the chop the longer the explosion will go for. The tighter the better. Loose chop (jig saw/gray bars on the silver background) will range between 40 and 60. The move begins with green and red bars.
Couple it with your trading system to help stay out of chop and enter when there is a movement.
Counting Stars Overlay [Market Overview Series]Hi fellow tradeurs,
So it's always been my goal to provide one of my best scripts. This is from what I call my "Market Overview" series. It is a scanner for my second best script to date. Market Overview bc of its origins as a scanner of the Kucoin Margin Coins. I realize that there are more coins that there are more margin coins that Kucoin has but I wanted to have a solid 40 coins on each coin "set". If you are unfamiliar with what I mean by 'sets' then you can view my other scanner scripts on this account for futher elaboration but to sum it up....there are 4 sets of coins I have to choose from in the settings. Each set has 40 coins in them (as there is a cap of 40 security calls that can be made per each iteration of the script on the chart). That being said...if you have the capabilities then add this script 4 times to your chart and select a diff set for each copy of the script. This has the scanner in a way that I've yet to present in my others scripts. When the alert for a coin goes off then the coins name will be printed as a label over the main chart. BTW, this was built for the 1 min timeframe and have used it EXTENSIVELY and this is the best TF for how the settings are set. I will also publish another script that will be a visual aid for this one but will rather show all the plots associated with the code that is in this scanner. Know that for the scanner it'll be best to choose a coin that has at least 1 trade/update/printed candle per minute (to be safe use BTC or ETH chart or else some of the signals will be printed if the signal arrives at a point in time where the coin on the screen does not print a candle bc no new trade or update to trades occur in TradingView. For the visual aid script that I will add right after this, there will be 20 different plots that appear. When the AVG of all of these plots is beyond the OverBought line and then the AVG line is falling for 2 bars...THEN the long signal for that coin is generated (and vise versa for short signals) Lastly regarding the visual aid script, THAT ONE will ONLY show the 20 plots that are associated with the coin that the chart is selected for. So that one is not a scanner and is just a stand alone script (again) to show whats going on in the background of this scanner. Now, once you add it however many time you want to see however many sets of coins you want, I recommend merging the scales so that they are all on one scale. I prefer mine being on the left side but all you have to do is select the 3 dots in the scripts settings in the chart window and select the scale location line and it'll open another set of lines at which point you can select "merge to scale Z" (that will be the left scale) and will put all the scales together on the left. I forgot ****If you want to see a whole diff exchange's coins you much make changes to this original script and it is further described how to do so in one of my first publications**** I REALLY hope it becomes of some benefit to you in your trading as it abundantly has in my own. It is after all one of the best of my best. Ohh, I forgot to add alerts to this but will do so immediately following this. To finish, this script DOES NOT REPAINT as far as I have EVER seen (and I have extensively searched for it bc of how good the signals were, I figured I MUST HAVE made a mistake and it did so...but alas...it does not. If you notice something on the contrary do notify me immediately with the coin, exchange, TF, and time of the occurrence and we can go from there. If anyone has any great ideas for the script then please do also let me know and if I find anyone with some abilities that mingle well with my own then lets talk as I'm always looking for good ol chaps to help me out with other scripts bc if you think this is good....well....you must imagine that I've got better that I have not/am not publishing. Aaaaaanywho, goodluck to you all. I wish you the best. ***I've got good info on how to look out for false signals but I want to see what yall come up with first before I give away all my alpha.
AND if anyone asks questions that Ive already touched on in this description or already in the comments sections then maybe someone there would be willing to waste their time answering them bc I've done quite a bit of work here that I am HAPPY to hand over to the general public but if you are not willing to do the work in reading to possibly answer your inquiries that have already been answered then I am not willing to do that work for you again. Peace and love people...peace and love. Im out.
world stage index ver02This is an indicator that expresses the ratio of "stage1" and "stage4" of world index.
40 symbols are as follows
("TVC:SHCOMP" is revised to "SSE:000001")
(JAPAN, US, EUROPE, and CANADA)
OSE:NK2251!, DJ:DJI , NASDAQ:IXIC, SP:SPX , XETR:DAX, TVC:CAC40 , TVC:UKX, TSX:TSX
(ASIA)
SSE:000001, SZSE:399001, TVC:HSI, TWSE:TAIEX, BSE:SENSEX , OANDA:SG30SGD, INDEX:KSI, SET:SET
(EUROPE)
INDEX:SX5E, INDEX:FTSEMIB, SIX:SMI , BME:IBC, EURONEXT:BEL20, TVC:AEX, OMXCOP:OMXC25, XETR:0Q5X
(Pacific Ocean)
ASX:XJO, TVC:NZ50G, IDX:COMPOSITE, FTSEMYX:FBMKLCI, BMFBOVESPA:IBOV, BMV:ME , BVL:SPBLPGPT, BYMA:IMV
(Eastern Europe & Middle East)
MOEX:IMOEX, GPW:WIG20, OMXHEX:OMXH25, OMXSTO:OMXS30, DFM:DFMGI, TADAWUL:TASI, OSE:GNRI, EGX:EGX30
The criteria are as follows:
EMA5≧EMA20≧EMA40 : Stage1
EMA5≦EMA20≦EMA40 : Stage4
A.The sum of Stage1 was multiplied by 2.5 and drawn on a scale of 0 to 100, with yellow area
B.The Sum of Stage4 was multiplied by 2.5 and drawn on a scale of 0 to 100, with blue area.
C. The ratio of A/B was multiplied by 2.5 and drawn on a scale of 0 to 100, with red lines.
This idea is from Kojirou Kousi.
40 symbols of this script are partially different from Kojiro kousi's idea.
But he said the difference isn't matter.
tradingview社の上海総合指数の銘柄コード変更に合わせて、"TVC:SHCOMP" を "SSE:000001"に改訂しました。
「小次郎講師指数」に着想を得た、世界40カ国の株価指数stage状態です。
参考文献は、小次郎講師著書「世界一わかりやすい投資の勝ち方」です。
小次郎講師とは一部異なるシンボルを採用していますが、
多少の違いは余り大した問題では無いと御本人から教わった事があります。
先進国に関してはおそらくほとんど同じだと思います。
stage1の合計の%を黄色、stage4の合計の%を青色、stage1の合計/stage4の合計の%を赤で表示しています。
雰囲気で分かればいいので、正確な数字までは表示しませんでした。
個人的には現状分析以外にも、プラクティス時に世界情勢を把握するのに重宝しています。
world stage indexThis is an indicator that expresses the ratio of "stage1" and "stage4" of world index.
40 symbols are as follows
(JAPAN, US, EUROPE, and CANADA)
OSE:NK2251!, DJ:DJI, NASDAQ:IXIC, SP:SPX, XETR:DAX, TVC:CAC40, TVC:UKX, TSX:TSX
(ASIA)
TVC:SHCOMP, SZSE:399001, TVC:HSI, TWSE:TAIEX, BSE:SENSEX, OANDA:SG30SGD, INDEX:KSI, SET:SET
(EUROPE)
INDEX:SX5E, INDEX:FTSEMIB, SIX:SMI, BME:IBC, EURONEXT:BEL20, TVC:AEX, OMXCOP:OMXC25, XETR:0Q5X
(Pacific Ocean)
ASX:XJO, TVC:NZ50G, IDX:COMPOSITE, FTSEMYX:FBMKLCI, BMFBOVESPA:IBOV, BMV:ME, BVL:SPBLPGPT, BYMA:IMV
(Eastern Europe & Middle East)
MOEX:IMOEX, GPW:WIG20, OMXHEX:OMXH25, OMXSTO:OMXS30, DFM:DFMGI, TADAWUL:TASI, OSE:GNRI, EGX:EGX30
The criteria are as follows:
EMA5≧EMA20≧EMA40 : Stage1
EMA5≦EMA20≦EMA40 : Stage4
A.The sum of Stage1 was multiplied by 2.5 and drawn on a scale of 0 to 100, with yellow area
B.The Sum of Stage4 was multiplied by 2.5 and drawn on a scale of 0 to 100, with blue area.
C. The ratio of A/B was multiplied by 2.5 and drawn on a scale of 0 to 100, with red lines.
This idea is from Kojirou Kousi.
40 symbols of this script are partially different from Kojiro kousi's idea.
But he said the difference isn't matter.
「小次郎講師指数」に着想を得た、世界40カ国の株価指数stage状態です。
参考文献は、小次郎講師著書「世界一わかりやすい投資の勝ち方」です。
小次郎講師とは一部異なるシンボルを採用していますが、
多少の違いは余り大した問題では無いと御本人から教わった事があります。
先進国に関してはおそらくほとんど同じだと思います。
stage1の合計の%を黄色、stage4の合計の%を青色、stage1の合計/stage4の合計の%を赤で表示しています。
雰囲気で分かればいいので、正確な数字までは表示しませんでした。
個人的には現状分析以外にも、プラクティス時に世界情勢を把握するのに重宝しています。
Strat Assistant ScreenerStrat Assistant Screener
----------------------------
█ OVERVIEW
This script is intended to provide screening/scanning functionality for the strat for the time period provided in the input (Day is the default).
When added, the script provides a chart with labels separated for each type of candle (2 up, 2 down, outside, inside) as well as actionable signals (inside already provided, hammer, shooter). Trading view is limited to 40 "security/ticker/symbol" calls so only 40 at a time are available. It's best to run this on higher time frames as it will occasionally push peak trading view memory limits and throw an error. Various inputs are provided a detailed below. It's not FAST so be patient please.
█ DETAIL
Inputs
----------
Security/Screener Time Frame: The screener will only run for one time frame, the time frame selected and this can be changed
Actionable Wick Percentage: The percentage of the WICK to determine a hammer or a shooter. For example, the default is .75 or 75%, which means 75% of the candle must be a WICK (top wick 75% for shooter, bottom wick 75% for hammer). If you wish to be more conservative scale it down or more aggressive scale it up
Label Index Offset Factor: There are 6 separate labels that will appear at the bottom separated by this indicator. If you feel like things are too tight or too narrow you can adjust this to spread things out further, or push them closer together.
Security/SXX: The various securities that can be input to track. If you find this is a pain, you can always copy the source code, put it in the pine editor yourself, and manually modify them there. Trading view limits you to 40 securities/symbols/tickers so I've pushed the limit as far as I can with this script.
Outputs
----------
The screener will provide a second chart at the bottom of the primary chart with labels for the types of candles and actionable signals
Each label will be present even if no results are found.
The label will display the time frame selected toward the end of the header - Strat Assistant Screener:
Each label is colored for quick reference to indicate the various bull/bear/inside/outside "patterns"
Best Practices
----------
It is not fast, so please be patient and let it run.
This screener is best used as a utility a few times a day, not recommended for intraday. I will create a scaled down version of this will only 5 securities/symbols/tickers that can be used intraday.
The screener pushes the limits of training views provided memory, so you may occasionally see errors, please try a higher time frame.
The bottom chart can be scaled and moved just like the top one, play around with it to determine what works best for you. I recommend decreasing the scale and then moving it up so you can see it better.
When the time frame is changed, it will take a minute, you can verify the results by seeing the time frame change in the label - Strat Assistant Screener:
I have not played with this thoroughly intraday yet. So it may be buggy/slower.
Modified RSI Multi-Time Frame (HM)Effective RSI with Multi-Timeframe with Hilema - Milega(HM) concept (HM=WMA -EMA). RSI Script is included with WMA and EMA band for RSI1 and it works very simple
i) When the RSI band turns to Green its a Buy signal. Normally whenever Bearish strength weakens and move towards the Bullish area, the WMA and EMA cross each other and that tends to provide a possible trend change. A trade at crossover normally provides a very good trading oppertunity. One can combine with some other Price action if needed for double confirmation.
ii)When RSI band turns to RED its a Sell signal. As explained in the point 1 , its a vice-versa where a crossover of WMA and EMA is perfect entry to get a good swing trade. Once can combine this tool with Price action for double confirmation.
iii) Using the Multi timeframe user could able to find the trend at higher timeframe to take double confirm on the trend strength and take a perfect oppertunity to take the trade.
By default, script uses the RSI with length 14, WMA 21 and EMA 3 which perfectly working for Index in NSE. Please change as per your requirement.
Apart from the above band, RSI is not have the different levels like 20/ 40 /50/60/80
Multi-timeframes currently set as
RSI1 - Same as Chart
RSI2 - 15 Min
RSI3 - 60 Min
RSI4 - Daily
Script has enabled the option to change the values for these timeframes as per the user requirement.
These ranges can be interpreted and acts as a probable swing points based on the trend and momentum.
40-60 - Neutral Range or Sideways
20 - 60 Bearish range
40 - 70 - Bullish range
Below 20 -- Over Sold Zone
Above 80 - over Bought zone
Also, the crossovers of the WMA and EMA on the RSI gives a very good momentum towards that trend.
ADX with SignalsThis indicator basicly usind ADX ( Average Directional Index )
ADX can show us how trend is strong
ADX below 20: the market is currently not trending
ADX crosses above 20: signifies that a new trend is emerging. Traders may start placing sell or buy orders in the direction of the price movement.
ADX between 20 and 40: When the ADX is growing between 20 and 40 it is considered as a confirmation of an emerging trend. Traders should use this opportunity to buy or short sell in the trend's direction.
ADX above 40: the trend is very strong.
ADX crosses 50: the trend is extremely strong.
ADX crosses 70: a very rare occasion, which is called a “Power Trend.”
If we use ADX with DI+ and DI+ indactor can tell us to buy.
How can we calculate this all?
Directional Movement (DI) is defined as the largest part of the current period’s price range that lies outside the previous period’s price range. For each period calculate:
+DI = positive or plus DI = High - Previous High
-DI = negative or minus DI = Previous Low - Low
The smaller of the two values is reset to zero, i.e., if +DI > -DI , then -DI = 0. On an inside bar (a lower high and higher low), both +DI and -DI are negative values, so both get reset to zero as there was no directional movement for that period.
The True Range ( TR ) is calculated for each period, where:
TR = Max of ( High - Low ), ( High -PreviousClose ), ( PreviousClose - Low )
The +DI , -DI and TR are each accumulated and smoothed using a custom smoothing method proposed by Wilder. For an n period smoothing, 1/n of each period’s value is added to the total each period, similar to an exponential smoothing:
+DIt = (+DIt-1 - (+DIt-1 / n)) + (+DIt)
-DIt = (-DIt-1 - (-DIt-1 / n)) + (-DIt)
TRt = (TRt-1 - (TRt-1 / n)) + ( TRt )
Compute the positive/negative Directional Indexes, +DI and -DI , as a percentage of the True Range:
+DI = ( +DI / TR ) * 100
-DI = ( -DI / TR ) * 100
Compute the Directional Difference as the absolute value of the differences: DIdiff = | (( +DI ) - ( -DI )) |
Sum the directional indicator values: DIsum = (( +DI ) + ( -DI )) .
Calculate the Directional Movement index: DX = ( DIdiff / DIsum ) * 100 . The DX is always between 0 and 100.
Finally, apply Wilder’s smoothing technique to produce the final ADX value:
ADXt = ( ( ADXt-1 * ( n - 1) ) + DXt ) / n
When indicator tell us to buy?
If when DI+ crosses DI- and ADX is bigger than DI- indicator tell us to buy.
RSI Step Oscillator [racer8]Purpose of RSO is to identify when RSI has reached key levels. These levels are 80, 70, 60, 40, 30, and 20.
When indicator displays a bar with color...
Purple : RSI > 80
Blue : RSI > 70
Green : RSI > 60
Gray : RSI is inbetween 40 and 60.
Yellow : RSI < 40
Orange : RSI < 30
Red : RSI < 20
Hit the like button and enjoy 😁
ADX+DMI_by_BIMashed together Chris Moody's ADX thing with his DMI thing.
So you can see trend strength + direction
green-ish = uptrend-ish//red-ish = downtrend-ish
Colors can be adjusted though.
below 10 = gray, not much going on
10 - 20 = light green/light red, could be the beginning o something
20 - 40 = bright green / bright red, something is going on
above 40 = dark green, dark red, exhaustion (default is 40, can be adjusted to whatever)
RSI with Visual Buy/Sell Setup | Corrective/Impulsive IndicatorRSI with Visual Buy/Sell Setup | 40-60 Support/Resistance | Corrective/Impulsive Indicator v2.15
|| RSI - The Complete Guide PDF ||
Modified Zones with Colors for easy recognition of Price Action.
Resistance @ downtrend = 60
Support @ uptrend = 40
Over 70 = Strong Bullish Impulse
Under 30 = Strong Bearish Impulse
Uptrend : 40-80
Downtrend: 60-20
--------------------
Higher Highs in price, Lower Highs in RSI = Bearish Divergence
Lower Lows in price, Higher Lows in RSI = Bullish Divergence
--------------------
Trendlines from Higher/Lower Peaks, breakout + retest for buy/sell setups.
###################
There are multiple ways for using RSI, not only divergences, but it confirms the trend, possible bounce for continuation and signals for possible trend reversal.
There's more advanced use of RSI inside the book RSI: The Complete Guide
Go with the force, and follow the trend.
"The Force is more your friend than the trend"
Chop and explodeThe purpose of this script is to decipher chop zones from runs/movement/explosion
The chop is RSI movement between 40 and 60
tight chop is RSI movement between 45 and 55. There should be an explosion after RSI breaks through 60 (long) or 40 (short). Tight chop bars are colored black, a series of black bars is tight consolidation and should explode imminently. The longer the chop the longer the explosion will go for. tighter the better.
Loose chop (whip saw/yellow bars) will range between 40 and 60.
the move begins with blue bars for long and purple bars for short.
Couple it with your trading system to help stay out of chop and enter when there is movement. Use with "Simple Trender."
Best of luck in all you do. Get money.
Edge of MomentumThe script was designed for the purpose of catching the rocket portion of a move (the edge of momentum).
Long
--When RSI closes over 60, take long order 1 tick above that bar. The closed bar above RSI 60 will be colored "green" or whatever color the user chooses. (RSI > 60)
--On a long position, exit will be a closed bar below the ema (low, 10) . The closed bar below the ema will be colored "yellow." (Price < ema)
--Note: On a long position there is no need to exit when a closed bar is colored "purple." RSI is just below 60 but above 40. Pullback or chop
Short
--When RSI closes below 40, take a short order 1 tick below that bar. The closed bar below RSI 40 will be colored "red." RSI<40)
--On a short position, exit will be a closed bar above the ema (low, 10). The closed bar above the ema will be colored "purple." (Price > ema)
--Note: On a short position there is no need to exit when a closed bar is colored "yellow."
Note: You may see a series of purple and yellow bars, that is simply chop. I define chop as RSI moving between 60 and 40.
Trade should only be taken above green colored candle(long) and below red colored candle (short). No position should be taken off yellow or purple candle (chop)
Again this is designed to catch the momentum part of a move, and to help reduce some entries during chop. It is a simple systems that beginning traders can use and profit from.
Note: I don't no shit about coding scripts I just learn from reading others.
Enjoy. If you decide to use please drop me a line...suggestions/comments, etc.
Best of luck in all you do.
Money Flow Index + AlertsThis study is based on the work of TV user Beasley Savage ( ) and all credit goes to them.
Changes I've made:
1. Added a visual symbol of an overbought/oversold threshold cross in the form of a red/green circle, respectively. Sometimes it can be hard to see when a cross actually occurs, and if your scaling isn't set up properly you can get misleading visuals. This way removes all doubt. Bear in mind they aren't meant as trading signals, so DO NOT use them as such. Research the MFI if you're unsure, but I use them as an early warning and that particular market/stock is added to my watchlist.
2. Added 60/40 lines as the MFI respects these incredibly well in trends. E.g. in a solid uptrend the MFI won't go below 40, and vice versa. Use the idea of support and resistance levels on the indicator and it'll be a great help. I've coloured the zones. Strong uptrends should stay above 60, strong downtrends should stay below 40. The zone in between 40-60 I've called the transition zone. MFI often stays here in consolidation periods, and in the last leg of a cycle/trend the MFI will often drop into this zone after being above 60 or below 40. This is a great sign that you should get out and start looking to reverse your position. Hopefully it helps to spot divergences as well.
3. Added alerts based on an overbought/oversold cross. Also added an alert for when either condition is triggered, so hopefully that's useful for those struggling with low alert limits. Feel free to change the overbought/oversold levels, the alerts + crossover visual are set to adapt.
Like any indicator, don't use this one alone. It works best paired with indicators/techniques that contradict it. You'll often see a OB/OS cross, and price will continue on it's way for many weeks more. But MFI is a great tool for identifying upcoming trend changes.
Any queries please comment or PM me.
Cheers,
RJR
Average Directional Index with DI SpreadThis indicator converts conventional triple lined ADX, DI+ and DI- into two lines. First line is the
original ADX line and second line is obtained by subtracting DI- from DI+ which named DI Spread(DIS)
If ADX is greater than 20 there is a trend and if greater than 40 there is a strong trend but ADX does not tell
the trend direction
To determine trend direction, DIS can be used with ADX; Sımply; If DIS is greater than 0, it is an uptrend and If DIS
is less than 0, it is a downtrend.
To sum up;
If ADX is greater than 20 and especially greater than 40 with positive DIS value, this implies an uptrend.
If ADX is greater than 20 and especially greater than 40 with negative DIS value, this implies a downtrend.
*Because of coloration and reference levels used, this indicator is really simple and efficient to analyze trend direction.
90009If( MDI(14)>40 AND ADX(14)>40 AND PDI(14)<15 AND RSI(14)<30,1,0)
;If( MDI(14)<15 AND ADX(14)<15 AND PDI(14)>40 AND RSI(14)>70,-1,0)
CM_ADX+DMI ModMashed together Chris Moody's ADX thing with his DMI thing.
So you can see trend strength + direction
green-ish = uptrend-ish//red-ish = downtrend-ish
Colors can be adjusted though.
below 10 = gray, not much going on
10 - 20 = light green/light red, could be the beginning o something
20 - 40 = bright green / bright red, something is going on
above 40 = dark green, dark red, exhaustion (default is 40, can be adjusted to whatever)
Indicators: Volume Zone Indicator & Price Zone IndicatorVolume Zone Indicator (VZO) and Price Zone Indicator (PZO) are by Waleed Aly Khalil.
Volume Zone Indicator (VZO)
------------------------------------------------------------
VZO is a leading volume oscillator that evaluates volume in relation to the direction of the net price change on each bar.
A value of 40 or above shows bullish accumulation. Low values (< 40) are bearish. Near zero or between +/- 20, the market is either in consolidation or near a break out. When VZO is near +/- 60, an end to the bull/bear run should be expected soon. If that run has been opposite to the long term price trend direction, then a reversal often will occur.
Traditional way of looking at this also works:
* +/- 40 levels are overbought / oversold
* +/- 60 levels are extreme overbought / oversold
More info:
drive.google.com
Price Zone Indicator (PZO)
------------------------------------------------------------
PZO is interpreted the same way as VZO (same formula with "close" substituted for "volume").
Chart Markings
------------------------------------------------------------
In the chart above,
* The red circles indicate a run-end (or reversal) zones (VZO +/- 60).
* Blue rectangle shows the consolidation zone (VZO betwen +/- 20)
I have been trying out VZO only for a week now, but I think this has lot of potential. Give it a try, let me know what you think.
ATR Trend + RSI Pullback Strategy [Profit-Focused]This strategy is designed to catch high-probability pullbacks during strong trends using a combination of ATR-based volatility filters, RSI exhaustion levels, and a trend-following entry model.
Strategy Logic
Rather than relying on lagging crossovers, this model waits for RSI to dip into oversold zones (below 40) while price remains above a long-term EMA (default: 200). This setup captures pullbacks in strong uptrends, allowing traders to enter early in a move while controlling risk dynamically.
To avoid entries during low-volatility conditions or sideways price action, it applies a minimum ATR filter. The ATR also defines both the stop-loss and take-profit levels, allowing the model to adapt to changing market conditions.
Exit logic includes:
A take-profit at 3× the ATR distance
A stop-loss at 1.5× the ATR distance
An optional early exit if RSI crosses above 70, signaling overbought conditions
Technical Details
Trend Filter: 200 EMA – must be rising and price must be above it
Entry Signal: RSI dips below 40 during an uptrend
Volatility Filter: ATR must be above a user-defined minimum threshold
Stop-Loss: 1.5× ATR below entry price
Take-Profit: 3.0× ATR above entry price
Exit on Overbought: RSI > 70 (optional early exit)
Backtest Settings
Initial Capital: $10,000
Position Sizing: 5% of equity per trade
Slippage: 1 tick
Commission: 0.075% per trade
Trade Direction: Long only
Timeframes Tested: 15m, 1H, and 30m on trending assets like BTCUSD, NAS100, ETHUSD
This model is tuned for positive P&L across trending environments and volatile markets.
Educational Use Only
This strategy is for educational purposes only and should not be considered financial advice. Past performance does not guarantee future results. Always validate performance on multiple markets and timeframes before using it in live trading.
RSI MTF 15m + 1h (Oriol)//@version=5
indicator("RSI MTF 15m + 1h (Oriol)", overlay = false, timeframe = "", timeframe_gaps = true)
// ─── PARÀMETRES ─────────────────────────────────────────────
rsiLength = input.int(14, "Període RSI")
src = input.source(close, "Font de preu")
tfFast = input.timeframe("15", "Timeframe ràpid (RSI 15m)")
tfSlow = input.timeframe("60", "Timeframe lent (RSI 1h)")
showSignals = input.bool(true, "Mostrar senyals LONG/SHORT")
// ─── RSI MULTITIMEFRAME ────────────────────────────────────
// RSI del timeframe ràpid (per defecte 15m)
src_fast = request.security(syminfo.tickerid, tfFast, src)
rsi_fast = ta.rsi(src_fast, rsiLength)
// RSI del timeframe lent (per defecte 1h)
src_slow = request.security(syminfo.tickerid, tfSlow, src)
rsi_slow = ta.rsi(src_slow, rsiLength)
// ─── DIBUIX RSI ─────────────────────────────────────────────
plot(rsi_fast, title = "RSI ràpid (15m)", color = color.new(color.aqua, 0), linewidth = 2)
plot(rsi_slow, title = "RSI lent (1h)", color = color.new(color.orange, 0), linewidth = 2)
hline(70, "Sobrecomprat", color = color.new(color.red, 70), linestyle = hline.style_dashed)
hline(30, "Sobrevenut", color = color.new(color.lime, 70), linestyle = hline.style_dashed)
hline(50, "Mitja", color = color.new(color.gray, 80))
// ─── CONDICIONS D’EXEMPLE ───────────────────────────────────
// LONG: RSI 1h < 40 i RSI 15m creua cap amunt 30
// SHORT: RSI 1h > 60 i RSI 15m creua cap avall 70
longCond = (rsi_slow < 40) and ta.crossover(rsi_fast, 30)
shortCond = (rsi_slow > 60) and ta.crossunder(rsi_fast, 70)
// ─── SENYALS (SENSE SCOPE LOCAL) ────────────────────────────
plotshape(showSignals and longCond,
title = "Possible LONG",
style = shape.triangleup,
location = location.bottom,
color = color.new(color.lime, 0),
size = size.small,
text = "LONG")
plotshape(showSignals and shortCond,
title = "Possible SHORT",
style = shape.triangledown,
location = location.top,
color = color.new(color.red, 0),
size = size.small,
text = "SHORT")
// ─── ALERTES ────────────────────────────────────────────────
alertcondition(longCond, title = "Senyals LONG RSI 15m+1h",
message = "Condició LONG RSI 15m + 1h complerta")
alertcondition(shortCond, title = "Senyals SHORT RSI 15m+1h",
message = "Condició SHORT RSI 15m + 1h complerta")
Multi-Symbol EMA Crossover Scanner with Multi-Timeframe AnalysisDescription
What This Indicator Does:
This indicator is a comprehensive market scanner that monitors up to 10 symbols simultaneously across 4 different timeframes (15-minute, 1-hour, 4-hour, and daily) to detect exponential moving average (EMA) crossovers in real-time. Instead of manually checking multiple charts and timeframes for EMA crossover signals, this scanner automatically does the work for you and presents all detected signals in a clean, organized table that updates continuously throughout the trading session.
Key Features:
Multi-Symbol Monitoring: Scan up to 10 different symbols at once (stocks, forex, crypto, or any TradingView symbol)
Multi-Timeframe Analysis: Simultaneously tracks 4 timeframes (15m, 1H, 4H, 1D) with toggle options to enable/disable each
Comprehensive EMA Pairs: Detects crossovers between all major EMA combinations: 20×50, 20×100, 20×200, 50×100, 50×200, and 100×200
Real-Time Signal Feed: Displays the most recent signals in a sorted table (newest first) with timestamp, direction, price, and EMA pair information
Session Filter: Built-in time filter (default 10:00-18:00) to focus on specific trading hours and avoid pre-market/after-hours noise
Pagination System: Navigate through signals using a page selector when you have more signals than fit in one view
Signal Statistics: Footer displays total signals, bullish/bearish breakdown, and page navigation hints
Customizable Display: Choose table position (4 corners), signals per page (5-20), and maximum signal history (10-100)
How It Works:
The scanner uses the request.security() function to fetch EMA data from multiple symbols and timeframes simultaneously. For each symbol-timeframe combination, it calculates four exponential moving averages (20, 50, 100, and 200 periods) and monitors for crossovers:
Bullish Crossovers (▲ Green):
Faster EMA crosses above slower EMA
Indicates potential upward momentum
Common entry signals for long positions
Bearish Crossovers (▼ Red):
Faster EMA crosses below slower EMA
Indicates potential downward momentum
Common entry signals for short positions or exits
The scanner prioritizes crossovers involving faster EMAs (20×50) over slower ones (100×200), as faster crossovers typically generate more frequent signals. Each detected crossover is stored with its timestamp, allowing the scanner to sort signals chronologically and remove duplicates within the same timeframe.
Signal Table Columns:
Sym: Symbol name (abbreviated, e.g., "ASELS" instead of "BIST:ASELS")
TF: Timeframe where the crossover occurred (15m, 1h, 4h, 1D)
⏰: Exact time of the crossover (HH:MM format in Istanbul timezone)
↕: Direction indicator (▲ bullish green / ▼ bearish red)
₺: Price level where the crossover occurred (average of the two EMAs)
MA: Which EMA pair crossed (e.g., "20×50", "50×200")
How to Use:
For Day Traders:
Enable 15m and 1h timeframes
Monitor symbols from your watchlist
Use crossovers as entry timing signals in the direction of the larger trend
Adjust the time filter to match your trading session (e.g., market open to 2 hours before close)
For Swing Traders:
Enable 4h and 1D timeframes
Focus on 50×200 and 100×200 crossovers (golden/death crosses)
Look for multiple timeframe confluence (same symbol showing bullish crossovers on both 4h and 1D)
Use as a pre-market scanner to identify potential setups for the day
For Multi-Market Traders:
Mix symbols from different markets (stocks, forex, crypto)
Use the scanner to identify which markets are showing the most momentum
Track relative strength by comparing crossover frequency across symbols
Identify rotation opportunities when one asset shows bullish signals while another shows bearish
Setup Recommendations:
Default BIST (Turkish Stock Market) Setup:
The code comes pre-configured with 10 popular BIST stocks:
ASELS, EKGYO, THYAO, AKBNK, PGSUS, ASTOR, OTKAR, ALARK, ISCTR, BIMAS
For US Stocks:
Replace with symbols like: NASDAQ:AAPL, NASDAQ:TSLA, NASDAQ:NVDA, NYSE:JPM, etc.
For Forex:
Use pairs like: FX:EURUSD, FX:GBPUSD, FX:USDJPY, OANDA:XAUUSD, etc.
For Crypto:
Use exchanges like: BINANCE:BTCUSDT, COINBASE:ETHUSD, BINANCE:SOLUSDT, etc.
Settings Guide:
Symbol List (10 inputs):
Enter any valid TradingView symbol in "EXCHANGE:TICKER" format
Use symbols you actively trade or monitor
Mix different asset classes if desired
Timeframe Toggles:
15 Minutes: High-frequency signals, best for day trading
1 Hour: Balanced frequency, good for intraday swing trades
4 Hours: Lower frequency, quality swing trade signals
1 Day: Low frequency, major trend changes only
Time Filter:
Start Hour (10): Beginning of your trading session
End Hour (18): End of your trading session
Prevents signals during low-liquidity periods
Adjust to match your market's active hours
Display Settings:
Table Position: Choose corner placement (doesn't interfere with other indicators)
Max Signals (40): Total historical signals to keep in memory
Signals Per Page (10): How many rows to show at once
Page Number: Navigate through signal history (auto-adjusts to available pages)
What Makes This Original:
Multi-symbol scanners exist on TradingView, but this indicator's originality comes from:
Comprehensive EMA Pair Coverage: Most scanners focus on 1-2 EMA pairs, this monitors 6 different combinations simultaneously
Unified Multi-Timeframe View: Presents signals from 4 timeframes in a single, chronologically sorted feed rather than separate panels
Session-Aware Filtering: Built-in time filter prevents signal overload from 24-hour markets
Smart Pagination: Handles large signal volumes gracefully with page navigation instead of scrolling
Signal Deduplication: Prevents the same crossover from appearing multiple times if it persists across several bars
Price-at-Cross Recording: Captures the exact price where the crossover occurred, not just that it happened
Real-Time Statistics: Live tracking of bullish vs bearish signal distribution
Trading Strategy Examples:
Trend Confirmation Strategy:
Find a symbol showing bullish crossover on 1D (major trend change)
Wait for pullback
Enter when 1h shows bullish crossover (confirmation)
Exit when 1h shows bearish crossover
Multi-Timeframe Confluence:
Look for symbols appearing multiple times with same direction
Example: ASELS shows ▲ on both 4h and 1D = strong bullish signal
Avoid symbols showing conflicting signals (▲ on 1h but ▼ on 4h)
Rotation Scanner:
Monitor 10+ symbols from the same sector
Identify which are turning bullish (▲) first
Enter leaders, avoid laggards
Rotate out when crossovers turn bearish (▼)
Important Considerations:
Not a Complete System: EMA crossovers should be confirmed with price action, volume, and support/resistance analysis
Whipsaw Risk: During consolidation, EMAs can cross back and forth frequently (especially on 15m timeframe)
Lag: EMAs are lagging indicators; crossovers occur after the move has already begun
False Signals: More common during sideways markets; work best in trending environments
Symbol Limits: TradingView has limits on request.security() calls; this scanner uses 40 calls (10 symbols × 4 timeframes)
Performance: On lower-end devices, scanning 10 symbols across 4 timeframes may cause slight delays in chart updates
Best Practices:
Start with 5 symbols and 2 timeframes, then expand as you get comfortable
Use in conjunction with a main chart for price context
Don't trade every signal—filter for high-quality setups
Backtest your favorite EMA pairs on your symbols to understand their reliability
Adjust the time filter to exclude lunch hours if your market has low midday volume
Check the footer statistics—if you're getting 50+ signals per day, tighten your time filter or reduce symbols
Technical Notes:
Uses lookahead=barmerge.lookahead_off to prevent future data leakage
Signals are stored in arrays and sorted by timestamp (newest first)
Automatic daily reset clears old signals to prevent memory buildup
Table dynamically resizes based on signal count
All times displayed in Europe/Istanbul timezone (configurable in code)
RSI Regime: Continuation vs Reversal Indicator Description: RSI Regime (Continuation vs. Reversal)
This indicator uses the standard Relative Strength Index (RSI) to analyze market momentum and categorize it into three "regimes." Its primary goal is to help you determine if an overbought (OB) or oversold (OS) signal is likely to be a continuation of the current trend or a reversal point.
It also identifies "Fast Trend Starts," which are exceptionally fast and powerful moves from one extreme to the other.
Core Features & How to Read It
1. The Three RSI Regimes (Background Color) The script calculates a moving average (SMA) of the RSI to determine the dominant medium-term momentum. This is shown as the background color:
Bull Regime (Green Background): The RSI's average is high (e.g., above 55). The market is in a clear uptrend.
Bear Regime (Red Background): The RSI's average is low (e.g., below 45). The market is in a clear downtrend.
Range Regime (Orange Background): The RSI's average is in the middle. The market is consolidating or undecided.
2. Overbought (OB) & Oversold (OS) Signals
When the RSI line crosses into the overbought (e.g., >70) or oversold (e.g., <30) zones, the indicator generates one of two types of signals:
A) Continuation Signals (Small Triangles: ►)
These signals suggest an OB/OS reading is just a "pause" and the main trend will likely continue.
Orange ► (at the top): Appears when RSI becomes overbought while the market is already in a Bull Regime. This suggests the uptrend is strong, and this OB signal may not lead to a big drop.
Teal ► (at the bottom): Appears when RSI becomes oversold while the market is already in a Bear Regime. This suggests the downtrend is strong, and this OS signal may not lead to a big bounce.
(Note: An optional Price EMA filter can be enabled to make these signals more strict.)
B) Reversal Signals (Small Labels: "OS→>50" / "OB→<50")
These labels appear after an OB/OS signal to confirm that a reversal has actually occurred.
"OS→>50 Reversal" (Aqua Label): Appears if the RSI becomes oversold and then recovers back above the 50 midline within a set number of bars. This confirms the oversold dip was a reversal point.
"OB→<50 Reversal" (Orange Label): Appears if the RSI becomes overbought and then falls back below the 50 midline within a set number of bars. This confirms the overbought peak was a reversal point.
3. "Fast Trend Starts" (Large Labels)
This is a unique feature that identifies the fastest percentile of market moves. It measures how many bars it takes for the RSI to go from one extreme to the other and flags when a move is in the top 5% (default) of all historical moves.
"Long Pullbacks (Fast OS→BullRange)" (Large Green Label): This powerful signal appears when the RSI moves from oversold (<30) all the way up to the bull range (>60) exceptionally fast. It identifies a very strong, fast, and decisive bounce that could signal the start of a new uptrend.
"Short Pumps (Fast OB→BearRange)" (Large Red Label): This appears when the RSI moves from overbought (>70) all the way down to the bear range (<40) exceptionally fast. It identifies a very sharp, fast rejection or "pump-and-dump" that could signal the start of a new downtrend.
Key User Inputs
RSI Length (14): The lookback period for the main RSI calculation.
OB (70) / OS (30): The standard overbought and oversold levels.
Bull/Bear Range Threshold (60/40): These are the levels used to confirm the "Fast Trend Starts." They are separate from the OB/OS levels.
RSI Regime SMA Length (21): The lookback period for the moving average that determines the background regime.
Use Price EMA filter (true): If checked, the small "Continuation" triangles will only appear if the price is also above (for bulls) or below (for bears) its own 50-period EMA.
Fastest X% duration (5.0): This sets the percentile for the "Fast Trend Start" labels. 5.0 means it only flags moves that are in the fastest 5% of all recorded moves.
Analog Flow [KedArc Quant]Overview
AnalogFlow is an advanced analogue based market projection engine that reconstructs future price tendencies by matching current price behavior to historical analogues in the same instrument. Instead of using traditional indicators such as moving averages, RSI, or regression, AnalogFlow applies pattern vector similarity analysis - a data driven technique that identifies historically similar sequences and aggregates their subsequent movements into a smooth, forward looking curve.
Think of it as a market memory system:
If the current pattern looks like one we have seen before, how did price move afterward?
Why AnalogFlow Is Unique
1. Pattern centric - it does not rely on any standard indicator formula; it directly analyzes price movement vectors.
2. Adaptive - it learns from the same instrument's past behavior, making it self calibrating to volatility and regime shifts.
3. Non repainting - the projection is generated on the latest completed bar and remains fixed until new data is available.
4. Noise resistant - the EMA Blend engine smooths the projected trajectory, reducing random variance between analogues.
Inputs and Configuration
Pattern Bars
Number of bars in the reference pattern window: 40
Projection Bars
Number of bars forward to project: 30
Search Depth
Number of bars back to look for matching analogues: 600
Distance Metric
Comparison method: Euclidean, Manhattan, or Cosine (default Euclidean)
Matches
Number of top analogues to blend (1-5): Top 3
Build Mode
Projection type: Cumulative, MeanStep, or EMA Blend (default EMA Blend)
EMA Blend Length
Smoothness of the projected path: 15
Normalize Pattern
Enable Z score normalization for shape matching: true
Dissimilarity Mode
If true, finds inverse analogues for mean reversion analysis: false
Line Color and Width
Style settings for projection curve: Blue, width 2
How It Works with Past Data
1. The system builds a memory bank of patterns from the last N bars based on the scanDepth value.
2. It compares the latest Pattern Bars segment to each historical segment.
3. It selects the Top K most similar or dissimilar analogues.
4. For each analogue, it retrieves what happened after that pattern historically.
5. It averages or smooths those forward moves into a single composite forecast curve.
6. The forecast (blue line) is drawn ahead of the current candle using line.new with no repainting.
Output Explained
Blue Path
The weighted mean future trajectory based on historical analogues.
Smoother when EMA Blend mode is enabled.
Flat Section
Indicates low directional consensus or equilibrium across analogues.
Upward or Downward Slope
Represents historical tendency toward continuation or reversal following similar conditions.
Recommended Timeframes
Scalping / Short Term
1m - 5m : Short winLen (20-30), small ahead (10-15)
Swing Trading
15m - 1h : Balanced settings (winLen 40-60, ahead 20-30)
Positional / Multi Day
4h - 1D : Large windows (winLen 80-120, ahead 30-50)
Instrument Compatibility
Works seamlessly on:
Stocks and ETFs
Indices
Cryptocurrency
Commodities (Gold, Crude, etc.)
Futures and F&O (both intraday and positional)
Forex
No symbol specific calibration needed. It self adapts to volatility.
How Traders Can Use It
Forecast Context
Identify likely short term price path or drift direction.
Reversal Detection
Flip seekOpp to true for mean reversion pattern analysis.
Scenario Comparison
Observe whether the current regime tends to continue or stall.
Momentum Confirmation
Combine with trend tools such as EMA or MACD for directional bias.
Backtesting Support
Compare projected path versus realized price to evaluate reliability.
FAQ
Q1. Does AnalogFlow repaint?
No. It calculates only once per completed bar and projects forward. The future path remains static until a new bar closes.
Q2. Is it a neural network or AI model?
Not in the machine learning sense. It is a deterministic analogue matching engine using statistical distance metrics.
Q3. Why does the projection sometimes flatten?
That means similar historical setups had no clear consensus in direction (neutral expectation).
Q4. Can I use it for live trading signals?
AnalogFlow is not a signal generator. It provides probabilistic context for upcoming movement.
Q5. Does higher scanDepth improve accuracy?
Up to a point. More depth gives more analogues, but too much can dilute recency. Try 400 to 800.
Glossary
Analogue
A past pattern similar to the current price behavior.
Distance Metric
Mathematical formula for pattern similarity.
Step Vector
Difference between consecutive closing prices.
EMA Blend
Exponential smoothing of the projected path.
Cumulative Mode
Adds sequential historical deltas directly.
Z Score Normalization
Rescaling to mean 0 and variance 1 for shape comparison.
Summary
AnalogFlow converts the market's historical echoes into a structured, statistically weighted forward projection. It gives traders a contextual roadmap, not a signal, showing how similar past setups evolved and allowing better informed entries, exits, and scenario planning across all asset classes.
Disclaimer
This script is provided for educational purposes only.
Past performance does not guarantee future results.
Trading involves risk, and users should exercise caution and proper risk management when applying this strategy.
