Multi Time Frame - Trend AnalysisMuti Time Frame - Trend Analysis
How does it work ? Price movements over range of period is to compute the trend forward.
This script used SuperTrend (ST) , ATR and RSI to determine the trend and direction so that a buy sell decision can be made
To Indicate the strength of the trendline , RSI is computed over multiple timeframes and then used to in sync with SuperTrend to help determine the direction
The user can customise the RSI strength validation. So one the Super Trend and ATR Levels are matched , the RSI is validated before giving a BUY/SELL suggestion
Best Time Frames to use : Upto 15/30 Mins if using RSI based logic , user can use higher timeframe if the goal is to identify the trend and the use lower time frame to determine Buy/Sell
Where to use
Trend Indicator using Multi Time Frame Analysis to suggest a long or a short
The main use of this indicator is quick scalping and Intra-day trading.
The Indicator shows the option to show the Trend Zone and Buy/Sell Signals which the use can on or off
How to use
User Choices : To avoid false positives we have introduced a double check using RSI ,
it is defaulted to 60/ 40 - the users are free to change it as per their preferences
The system will not suggest a trade when the the counter in beyond the RSI limits
Stop Loss - That should be done by following ones risk appetite , Ideally the open/close of the previous candle should be the stop loss for the buy/sell
but everyone has their own Risk Management Strategies based on the capital deployed.
Disclaimer : There could be scenarios when the candle is shown as a long or short and then the candle turns into opposite direction red/green .
In such scenarios , Please refer to the just preceding candle and if this candle is moving into positive direction (forming green candle) only then buy ,
Similarly Sell/Short only if this candle is forming a red candle
How to get access
Please click on the link / email in the signature or send me a private message to get access
Feedback
Please click on the link/email in the signature or send me a private message for suggestions/feedbacks
Supertrend
Profit Maximizer PMaxPMax is a brand new indicator developed by KivancOzbilgic in earlier 2020.
It's a combination of two trailing stop loss indicators;
One is Anıl Özekşi's MOST (Moving Stop Loss) Indicator
and the other one is well known ATR based SuperTrend.
Both MOST and SuperTrend Indicators are very good at trend following systems but conversely their performance is not bright in sideways market conditions like most of the other indicators.
Profit Maximizer - PMax tries to solve this problem. PMax combines the powerful sides of MOST (Moving Average Trend Changer) and SuperTrend (ATR price detection) in one indicator.
Backtest and optimization results of PMax are far better when compared to its ancestors MOST and SuperTrend. It reduces the number of false signals in sideways and give more reliable trade signals.
PMax is easy to determine the trend and can be used in any type of markets and instruments. It does not repaint.
The first parameter in the PMax indicator set by the three parameters is the period/length of ATR.
The second Parameter is the Multiplier of ATR which would be useful to set the value of distance from the built in Moving Average.
I personally think the most important parameter is the Moving Average Length and type.
PMax will be much sensitive to trend movements if Moving Average Length is smaller. And vice versa, will be less sensitive when it is longer.
As the period increases it will become less sensitive to little trends and price actions.
In this way, your choice of period, will be closely related to which of the sort of trends you are interested in.
We are under the effect of the uptrend in cases where the Moving Average is above PMax;
conversely under the influence of a downward trend, when the Moving Average is below PMax.
Built in Moving Average type defaultly set as EMA but users can choose from 8 different Moving Average types like:
SMA : Simple Moving Average
EMA : Exponential Movin Average
WMA : Weighted Moving Average
TMA : Triangular Moving Average
VAR : Variable Index Dynamic Moving Average aka VIDYA
WWMA : Welles Wilder's Moving Average
ZLEMA : Zero Lag Exponential Moving Average
TSF : True Strength Force
Tip: In sideways VAR would be a good choice
You can use PMax default alarms and Buy Sell signals like:
1-
BUY when Moving Average crosses above PMax
SELL when Moving Average crosses under PMax
2-
BUY when prices jumps over PMax line.
SELL when prices go under PMax line.
Super SSLSuper SSL Indicator.
SSL + SuperTrend signal filtering.
Signals are delivered by SSL, signals are then filtered out by SuperTrend, in the nnfx way of trading (C1 = SSL, C2 = ST).
SSL deliver signals. Supertrend filter them.
Included 1CR rule option : in the nnfx way, we allow C2 to agree 1 candle later.
Some configuration settings of this tool pass the VP's 5 benchmark (can't be used to pass the private group admission though).
TRADERS COMPANION BUY AND SELL INDICATORTHE 'PROBLEM'
A lot of buy and sell strategies are based on price action being at a particular (support) level, crossovers of different moving averages or of price action over moving averages. Whilst this is a safe way to trade, the price paid is lost earnings , whilst one waits for price/moving averages to reach a particular level/configuration. So for instance price may have to move X% before it crosses over a critical level and only then is a trade taken - the X% is usually 'lost'.
THE 'SOLUTION'
My motivation was to write a buy and sell indicator which makes (long) calls as early as possible therefore maximising profits and minimising losses whilst also identifying local tops at which profits may be taken if so desired.
THE METHOD
The philosophy of this indicator is centred around analysis of candlestick parameters for the present candle and comparing these to those of previous candles at set points. The results of these comparisons are then correlated with moving averages of price action and in so doing one is able to detect shift reversals earlier than conventional indicators would. Consequently, a signal can be created very close to the bottom of a rally. In addition, a 'take profit' signal can be created from what has been identified as a local top. Please refer to the attached chart where it becomes evident quite immediately that buy and TP signals allow for maximisation of a given trend, hence maximisation of profits.
MARKETS
The script may be applied to any market i.e. crypto, forex, stocks - as long as there's a chart on Tradingview, it will work.
CONDITIONS
The script works well in all time frames. Obviously at higher time frames one gets 'cleaner' signals since high time frames are themselves a kind of filter, given that lower time frames are 'busy' by nature.
CAVEAT
Whilst great care and attention has been put into polishing and re-polishing this script, it needs to be stated that it's not perfect. Two issues that one needs to be aware of:
1.) Sometimes signals will not be made as early as the actual bottom of a rally.
Mitigation for this is two fold:
a.) Most of the calls made by the script are close to a bottom and therefore profits realised from this are far more than any losses accrued from a late call.
b.) The script should never be used in isolation but along with TA strategies and common sense.
2. Sometimes a 'bad' call will be made.
Mitigation for this is two fold:
a.) The script has a 'smart' feature that calls for exit signals as soon as it's realised that the long call was not a favourable one. This enables one to minimise losses by cutting them quickly.
b.) The script should never be used in isolation but along with TA strategies and common sense.
PLEASE PERUSE ATTACHED CHART
I encourage you to please peruse the attached 'GOBTC' chart for a demonstration of the script in play.
HOW TO GET AND USE THE SCRIPT
Since its invite only, please PM me and I will be happy to add you. Once added, you will see the list under Indicators>Inviteonlyscripts>TRADERS COMPANION at which point you click and it will show on your chart. It also needs to be stated that there is a no obligation trial period during which one is encouraged to 'test-drive' the script to ones hearts content.
Ichimoku Kinko Hyo and moreI am publishing my updated Ichimoku ++ study with a more suitable title. Future updates will take place with this version.
Description:
The intention of this script is to build/provide a kind of work station / work bench for analysing markets and especially Bitcoin . Another goal is to get maximum market information while maintaining a good chart overview. A chart overloaded with indicators is useless because the structure of the chart is more difficult to see. The chart should be clear and market structure should be easy to see. The script allows you to add indicators and signals in different visualizations to better assess the quality of signals and the sentiment of the market.
A general advise:
Use the included indicators and signals in a confluent way to get stoploss, buy and sell entry points. SR clusters can be identified for use in conjunction with Fractals and other indicators as entry and exit pints. My other scripts can also help. Prefer 4 hours, daily and a longer time frame. There is no "Holy Grail" :).
SuperTrend EXPLORER / SCREENERSUPERTREND EXPLORER / SCREENER screens the BUY and SELL signals (trend reversals) for 38 user defined different tickers in Tradingview charts.
Simply input the short name of the ticker in Tradingview that you want to screen.
Script is derived from zzzcrypto123 's work. Thanks for the permission letting me to use his logic.
Terminology explanation:
Confirmed Reversal: Supertrend reversal that happened in the last bar and cannot be repainted.
Potential Reversal: Supertrend reversal that might happen in the current bar but can also not happen depending upon the timeframe closing price.
Screener has also got a built in SuperTrend indicator which users can confirm the reversals on graphs.
Screener explores the 38 tickers in current graph's time frame and also in desired parameters of the SuperTrend indicator.
SUPERTREND INDICATOR:
STRATEGY version of SuperTrend Indicator:
SuperTrend is one of the most common ATR based trailing stop indicators.
In this version you can change the ATR calculation method from the settings. Default method is RMA, when the alternative method is SMA .
The indicator is easy to use and gives an accurate reading about an ongoing trend. It is constructed with two parameters, namely period and multiplier. The default values used while constructing a superindicator are 10 for average true range or trading period and three for its multiplier.
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility .
The buy and sell signals are generated when the indicator starts plotting either on top of the closing price or below the closing price. A buy signal is generated when the ‘Supertrend’ closes above the price and a sell signal is generated when it closes below the closing price.
It also suggests that the trend is shifting from descending mode to ascending mode. Contrary to this, when a ‘Supertrend’ closes above the price, it generates a sell signal as the colour of the indicator changes into red.
A ‘Supertrend’ indicator can be used on equities, futures or forex, or even crypto markets and also on daily, weekly and hourly charts as well, but generally, it fails in a sideways-moving market.
Source function added to use the indicator as the ATR Trailing Stop indicator.
Just change source type hl2 to close.
different variations might be useful.
SuperTrend STRATEGYSTRATEGY version of SuperTrend Indicator:
SuperTrend is one of the most common ATR based trailing stop indicators.
In this version you can change the ATR calculation method from the settings. Default method is RMA, when the alternative method is SMA .
The indicator is easy to use and gives an accurate reading about an ongoing trend. It is constructed with two parameters, namely period and multiplier. The default values used while constructing a superindicator are 10 for average true range or trading period and three for its multiplier.
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility .
The buy and sell signals are generated when the indicator starts plotting either on top of the closing price or below the closing price. A buy signal is generated when the ‘Supertrend’ closes above the price and a sell signal is generated when it closes below the closing price.
It also suggests that the trend is shifting from descending mode to ascending mode. Contrary to this, when a ‘Supertrend’ closes above the price, it generates a sell signal as the colour of the indicator changes into red.
A ‘Supertrend’ indicator can be used on equities, futures or forex, or even crypto markets and also on daily, weekly and hourly charts as well, but generally, it fails in a sideways-moving market.
Source function added to use the indicator as the ATR Trailing Stop indicator.
Just change source type hl2 to close.
different variations might be useful.
Supertrend Screener LABELThis screens for Supertrend reversal's in 10 different securities. The main logic for the screener is taken from "Simple Custom Screener in Pinescript" by QuantNomad with his permission. If the label color is not visible due to the text in it being white colored, then choose a different color from settings. Also added a simple supertrend to it.
Terminology explanation:
Confirmed Reversal: Supertrend reversal that happened in the last bar and cannot be repainted.
Potential Reversal: Supertrend reversal that might happen in the current bar but can also not happen depending upon the timeframe closing price.
Uptrend/Downtrend : Shows all the tickers that are either currently in uptrend or downtrend.
Supertrend, MA & Market Strength by Keiron RichieThis script comprises of three separate indicators to give an improved view; a redesign of the Supertrend indicator to identify up/down trend and changes the background colour to red or green accordingly. This is then overlayed with the Mother of Adaptive Moving averages by John Ehlers (MAMA) which adapts to price movement in an entirely new and unique way. The advantage of this method of adaptation is that it features a fast attack average and a slow decay average so that composite average rapidly ratchets behind price changes and holds the average value until the next ratchet occurs. Since the average fallback is slow I can build trading systems that are virtually free of whipsaw trades.
Additionally, there are up & down arrows below and above the bars respectively which demonstrate overall market strength or weakness. By combining the relative strength in a trend with the true strength of the Nasdaq (NDX) and S&P500 (SPY) we can then compare that against the volatility/fear index (VIX) to show if the market is excerpting pressure on the component in either direction. i.e. if the red arrow shows then the market indexes true strength is decreasing & if the small green arrow shows then the market index is gaining strength which may be likely to impact the component/symbol you are viewing. It’s a very quick and effective method of seeing the strength within the market indexes and how they are effecting your chart.
Because of the nature of the script it is tested and works well on all timeframes with Stocks listed on NASDAQ & S&P500.
Alerts are available for a change of background colour state. i.e Green=Buy, Red=Sell
Supertrend MTF [SystemAlpha]This is Supertrend Multi-time Frame script.
There is an option for Higher Tİme Frame Period. if you choose "Auto" then Higher Time Frame calculation would be made by script.
Or you can choose "User Defined" and then you must choose the period for Higher Time Frame.
[RS]Supertrend GridDynamic grid system based on supertrend.
note: the input nlines/nfractions are not locked so if values too high might start overlapping line objects.
Trends & RangesTrends & Ranges uses EMA ATR bands as a SuperTrend indicator.
How to use:
This indicator can be used to give you a direction bias, with the added function to create ranges which often lead to reversals or flat trading periods. Trade the break-out or wait for pull backs in the direction of the trend.
I'm not great at explaining stuff and will probably make things only more complicated, so I won't bother for now,
but if you have a question on how the script works I will gladly give it a try.
The option "Flexible Trends" will disable the min/max function (trailing or non trailing).
Flexible Trends enabled:
Flexible Trends disabled:
Settings are not optimized for any asset or time frame, you will have to do that for yourself. Feel free to share them in the comments.
Thanks for showing interest, enjoy and good luck! :)
TradeChartist MTF Supertrend Pro™TradeChartist MTF SuperTrend Pro is the Multi Time-Frame version (using timeframe multiplier) of classic Volatility Stop or SuperTrend (Stop and Reverse indicator using multiple of Average True Range of lookback period trailing behind the price acting as both trend reversal signifier and StopLoss trigger at the same time ).
What does ™TradeChartist MTF SuperTrend Pro include?
Multi Time-Frame option using Time-Frame Multiplier to plot Higher Time Frame SuperTrend plot on Lower Time-Frame chart.
Auto-fibs - 2 types (1. Retracement from last significant high/low to previous significant low/high, 2. Retracement from Current High/Low to previous significant Low/High).
Trend identifying color bars.
Trend identifying Background colour.
Option to detect bars where Profit Taking is recommended using $ sign.
How to create Alerts for ™TradeChartist MTF SuperTrend Pro Long and Short Entries?
Alerts can be created for Long or Short entries using Once Per Bar as BUY and SELL labels appear with entries only on confirmation after bar close.
Does the indicator include Stop Loss and Take Profit plots?
This script doesn't have Stop Loss and Take Profit plots, but it can be connected to TradeChartist Plug and Trade as Non-Oscillatory signal to generate Automatic Targets, user set StopLoss and Take Profit plots and to create all types of alerts too.
Does this indicator repaint?
No. This script doesn't repaint as it confirms its signals only after close above/below SuperTrend plot and also uses security function to call higher time-frame values in the right way to avoid repainting. This can be verified using Bar Replay to check if the plots and fills stay in the same bar in real time as the Bar Replay.
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Tip 1: Using 1.618 as Timeframe Multiplier results in lucrative trades on most timeframes with ATR multiplier 1.618, 2.618 or 3.618. (Best Practice: Test with various values first on asset using Paper Trades before trading with real money)
Tip 2: Using bars, candles with no borders or Hollow Candles results in clear trend spotting with Bar color option enabled in settings.
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Chart below shows Performance of MTF SuperTrend Pro connected to Plug and Trade using Default settings.
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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SuperTrailThe SuperTrail indicator is similar to the very popular and widely used SuperTrend but it has been improved to use a percentage value instead that helps users to determine the natural trading range of a stock over a period of time, and set stop losses (especially trailing stops) accordingly.
The best way to use it is to find stocks in a steady trend (upwards if you are going long or downwards if you are going short) and keep changing the indicator percentage levels until you identify a percentage that keeps you in the trade for longer without getting stopped out too often. You can then set this value in your trading program, or set an alert within Trading View to notify you if something changes and you need to take an action.
Some stocks might have little volatility and only require an 8% trail. Some might be more volatile and work better with a wider 20% trail. It also depends on your time frame. Shorter time frames are typically shorter stops. Longer time frames work better with wider stop values. The best thing about this tool is that it helps you identify the best optimised stop loss range to set for each individual stock based on its range.
The indicator works on any time frame - minutes to hours to weeks. If you want to hold stocks for a shorter time you might look at the natural range over the last 7 days, medium term the range over the last 3 months, or if you want to hold a stock for a much longer period of time then perhaps look to identify the range over the last 12 months. If you get stopped out of a stock you like, then set an alert, and when the stock moves back up within its range you can decide on whether or not you re-enter.
It is a super simple indicator. As always it is meant only as a visual guide to assist you with your trading and you will get better results by combining it with another indicator like an OBV or RSI. You can check out my Trading View channel to see how I have used it across different stocks and based it on different time periods.
I have also made and uploaded a video to my Trading View account showing how it works and how I use it.
Message me if you would like access.
BTC-SwingScript is based on SuperRange - evo @EvoCrypto
It's based on highest and lowest candle close from a few bars back.
Removed + added some minor stuff, added alerts and signals
dded a signal line (ALMA)
added options to display EMA 20/50/100/200
use higher timeframe (1D)
超级趋势（Supertrend）指标This is a normal Supertrend indicator which redesign and translate for Chinese.
这是一个通用的超级趋势（Supertrend）指标。
本脚本的目的在于帮助使用中文的人了解该指标，特别是其用法。同时将该指标代码添加完整的中文注释，方便使用中文的人学习Pine语言。
超级趋势指标（SuperTrend）是最常见的基于ATR的指标之一。
本指标的特色
相对于标准的超级趋势指标，在此版本中，你可以从设置中更改ATR计算方法。ATR的默认计算方式是采用RMA（RSI中使用的移动平均线，称之为指数加权移动平均线），本版本中可以使用SMA来替代计算ATR。
默认设置项为勾选状态，即ATR的计算方式为标准的RMA。
指标可调节参数
该指标有两个可设置的参数
1 ATR参数：默认为10；
2 ATR乘数：默认为3。
本指标还有两项可选设置项
1 价格源：价格源默认使用收盘价，但是你还可以选择使用开盘价、最高价、最低价等其他的价格计算方式；
指标用法
超级趋势指标出现在价格之上或价格之下时，就会产生买入和卖出信号。
买入信号： 当超级趋势指标在价格下方绘制时，即图表中的绿色信号线开始出现时，则产生买入信号；同时超级趋势指标的买入信号线可以作为买入的止损点；
卖出信号： 当超级趋势指标在价格上方绘制时，即图表中的红色信号线开始出现时，则产生卖出信号；同时超级趋势指标的卖出信号线可以作为卖出的止损点。
本指标支持配置买卖点的预警。
指标优势
1 适用于不同的时间周期和不同的交易品种；
2 对趋势有很好的识别效应；
3 可以提供明确的止损价位参考。
指标局限性
与其他趋势指标类似，超级趋势指标的作用在于帮助你抓住大趋势，但是在震荡行情，特别是长期的震荡行情中会失真，此时若按照超级趋势指标交易，则会产生亏损。
CPR with SMA, EMA, VWAP & Super Trend by GuruprasadMeduriThis script will allow to add CPR with Standard Pivots and 4 Indicators.
Standard Pivot has 9 levels of support and 9 levels of resistance lines. It has CPR , 3 levels of Day-wise pivots , 3 levels of Weekly pivots and 3 Levels of Monthly Pivots .
In Addition to the CPR and Pivot, this script will allow user to Add 4 more Indicators - SMA, EMA, VWAP and SuperTrend as well.
All the Support and resistance levels can be enabled / disabled from settings. It will allow to select multiple combinations of support and resistance levels across 3 levels at any of the 3 time-frames individually and combined.
All 4 Indicators can be can be enabled / disabled from settings. This will allow the indicators to be plotted individually and combined along with any combination of CPR & Pivots.
These number of combinations will allow user to visualize the charts with desired indicators, pivot support & resistance levels on all or any of the 3 time frames.
For Ease of access, listed few points on how the script works..
- CPR and day-wise level 1 & 2 (S1 & R1) enabled by default and can be changed from settings
- Day-wise Level 2 & 3 (S2, R2, S3 & L3) can be enabled from settings
- Weekly 3 levels and Monthly 3 levels can be enabled from settings
- CPR & pivot levels colored in blue lines
- All support levels colored in Green
- All resistance levels Colored in Red
- Day-wise pivot , support & resistance are straight lines
- Weekly pivot , support & resistance are cross (+) lines
- Weekly pivot , support & resistance are circle (o) lines
- SMA, EMA, VWAP and SuperTrend Enabled by Default
- SMA Colored in Orange
- EMA Colored in Red
- EMA Colored in Teal
- SuperTrend Colored in standard Red & Green with triangle arrows
- Any combinations can be selected from settings-> Inputs & style
Dual SuperTrend, Ichimoku and DMI Color Weighted by DGTThis study interprets SuperTrend with Ichimoku Cloud, one of the popular technical analysis indicator, and interprets Directional Movement (DMI), which is another quite valuable technical analysis indicator.
Then combines the interpreted SuperTrend with interpreted Directional Movement (DMI) and Volume Based Colored Bars indicator created by Kıvaç ÖZBİLGİÇ (permission has been granted from the author)
Here are details of the concept applied
1- SuperTrend Line colored based on Ichimoku Cloud
Definition
The Ichimoku Cloud, developed by Goichi Hosoda and published in the late 1960s, is a collection of technical indicators that give it a unique capacity to show support and resistance levels, momentum and trend direction
What Does the Ichimoku Cloud Tells?
The overall trend is up when price is above the cloud, known as Kumo Cloud, down when price is below the Kumo Cloud, and trendless or transitioning when price is in the Kumo Cloud
When Senkou Span A (Leading Span A) is rising and above Senkou Span B (Leading Span B), this helps confirm the uptrend and space between the lines is typically colored green. When Senkou Span A is falling and below Senkou Span B, this helps confirm the downtrend. The space between the lines is typically colored red
Traders often use the Kumo Cloud as an area of support and resistance depending on the relative location of the price. The Kumo Cloud provides support/resistance levels that can be projected into the future. This sets the Ichimoku Cloud apart from many other technical indicators that only provide support and resistance levels for the current date and time
Crossovers, also known as TK Cross among Ichimoku Cloud traders, are another way the indicator can be used. Watch for the Tenkan-Sen Line, or Conversion Line, to move above the Kijun-Sen Line, or Base Line, especially when price is above the Kumo cloud. This can be a powerful buy signal. One option is to hold the trade until the Tenkan-Sen drops back below the Kijun-Sen Line. Any of the other lines could be used as exit points as well.
With this study:
Allow Traders to use the Ichimoku Cloud in conjunction with other technical indicators to maximize their risk-adjusted returns
The Ichimoku Cloud can make a chart look busy with all the lines. To Remedy this a different approach is applied in this study showing the Price and the Kumo Cloud relation as well as TK Crosses displayed. The SuperTrend Indicator is chosen to display Ichimoku Indicator, where the SuperTrend is another trend following indicator.
How it works:
SuperTrend Line is colored as:
Green when the Price is above the Kumo Cloud
Red when the Price is below the Kumo Cloud
Black when the Price is within the Kumo Cloud
And Finally Blue when the Kumo Cloud Is not ready to be drawn or not Kumo Cloud available
Additionally intensity of the colors used in all cases above are defined by values of Tenkan-Sen and Kijun-Sen Line, which allows us to detect TK Crosses
2- Plots Colored Directional Movement Line
Definition
Directional Movement (DMI) (created by J. Welles Wilder ) is actually a collection of three separate indicators combined into one. Directional Movement consists of the Average Directional Index (ADX) , Plus Directional Indicator (+D I) and Minus Directional Indicator (-D I) . ADX's purposes is to define whether or not there is a trend present. It does not take direction into account at all. The other two indicators (+DI and -DI) are used to compliment the ADX. They serve the purpose of determining trend direction. By combining all three, a technical analyst has a way of determining and measuring a trend's strength as well as its direction.
This study combines all three lines in a single colored shapes series plotted on the top of the price chart indicating the trend strength with different colors and its direction with triangle up and down shapes.
What to look for
Trend Strength : Analyzing trend strength is the most basic use for the DMI. Wilder believed that a DMI reading above 25 indicated a strong trend, while a reading below 20 indicated a weak or non-existent trend
Crosses : DI Crossovers are the significant trading signal generated by the DMI
With this study
A Strong Trend is assumed when ADX >= 25
Bullish Trend is defined as (+D I > -DI ) and (ADX >= 25), which is plotted as green triangle up shape on top of the price chart
Bearish Trend is defined as (+D I < -DI ) and (ADX >= 25), which is plotted as red triangle down shape on top of the price chart
Week Trend is assumed when 17< ADX < 25, which is plotted as black triangles up or down shape, depending on +DI-DI values, on top of the price chart
Non-Existent Trend is assumed when ADX < 17, which is plotted as yellow triangles up or down shape, depending on +DI-DI values, on top of the price chart
Additionally intensity of the colors used in all cases above are defined by comparing ADX’s current value with its previous value
3- Volume Based Colored Bars indicator created by Kıvaç ÖZBİLGİÇ
Volume Based Colored Bars colors the bars into volume weighted signals increasing the visibility of the Volume changes. Intensity of the colors of the bars varies according to average value of the volume for given length of bars (default value set to 30 bars)
Disclaimer: The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd tradingview user liable for any possible claim for damages arising from any decision you make based on use of the script
Multiple SuperTrends - evoSupertrend is one of the most popular and easy to use indicators out there. Here are 15 supertrends each having a different ATR multiple from price. This can be used to find ranges (often followed by a reversal) or to create a filter for fake signals.
In the input tab "Spacing" you can change the space between each supertrend, setting this to 0 would be a normal supertrend. You can also change style, color, line width and transparency all in the input tab.
Pine code tip: Change line 21 to 'true' to make editable true.
Enjoy! :)
{INDYAN} Dual Supertrend#Always follow MAJOR trend, find MINOR trend as per Major trend and choose entry/exit accordingly .
Suppose major trend is blue so only go long while inside minor trend is green, when it turns RED exit from long but dont short in BLUE i.e. major uptrend and vice versa for downtrend i.e. major should be pink and minor should be red for short and when it turn green under pink just exit the sort.
By default major trend is set to 15 Minutes which is generally good for index, and 1 hour should be for stocks. You can change it through settings.
My recommendation for index is major should be 15 minutes and minor 5 and for stocks major should be 1 hour and minor 15 minutes.
It can be used with index,stocks and commodties.
Hope it will help my trader friends.
Happy Trading...
Love INDYAN
{INDYAN} Ichimoku for IntradayIts based on ichimoku, i removed cloud and mod some changes for better use in intraday trading. It can be used in stocks and index as well.Not tested on MCX and Forex.
Just watch at crossover of tenkan and kijun that RSI macd is above 60 and zero or not? If all three parameters meet go for long... exit when again another cross happen or rsi go below 40.for sell side watch for rsi below 40 and macd below zero line while crossover of kijun tenkan.
Better to use it with RSI+Macd Fast to get more accurate results.
#for better confirmation look value of VWAP and decide accordingly
Do back test before using it.
Happy Trading
Love INDyAN
#change line color as per ur wish but value should be same as it was default entered.
DMT Ladder AutobotDMT Ladder Autobot Study it's unique super trend indicators that measure the volatility from the current price action with ATR recognitions and custom setting
in this version, we can find that DMT Autbot also Ladders long entry and short entry in 4 different steps you can set your calculations depending on your requirements and pair volatility calculations
to recover your entry DMT will turn loosing trading into winning trades with the right risk management.
1 long signals
4 ladder Long add signals
1 short signals
4 ladder short add signals
1 dynamic stop calculated from your average entry price
1 dynamic take profit calculated from your average entry price
Please pm me for access or larger explanations about the script or for full pdf tutorial
thx for your support
@Shenlong
{INDYAN} GO WITH TREND V2This indicator has almost everything for intraday trading . There are two supertrends one with higher time frame and one at lower time frame, Due to which we can recognize reversal. If higher time frame supertrend is showing uptrend and minor is showing downtrend then better to avoid taking any trade in between. Both trend should be in same direction.
Tenkan and kijun is there to verify the trend authencity, check where the tenkan and kijun crossover is there or not at the time of reversal signal given by supertrends. It will boost trading chances.
Also VWAP is placed to know the current situation, If price is below VWAP go for sort if all other things match as above said.
HEMA LEMA is a EMA band and i found that it act as support and resistance, If price breaks channel with volume and sustain above/below for 2 candle close (TIMEFRAME AS SYMBOL).
Also placed FAST EMA to recognize the fast moving trend.
Pivot with CPR is there to trade on basis of CPR and Pivot.
For demand and supply traders, they can use blue and black candle for marking up zones. Blue is boring/base candle and Black is explosive candle.
I hope it will help my trader friends to recognize the trend and reversal.
Let me know if anything more we need to include or remove to make it better for everyone.
Happy Trading... Love INDYAN
#intraday
#hema-lema
#pivot
#cpr
#supertrend_reversal
#demandzone
#supplyzone
#tenkansen
#kijunsen
