WARNING: Commissions and slippage has not been considered! Don’t take it easy adding commissions and slippage could turns a fake-profitable strategy to a real disaster. We consider account size as 10k and we enter 1000 for each trade. Less than 100 trades is too small sample community and it’s not reliable, Also the performance of the past do not guarantee...
The "Smart Money Oscillator " is a premium and discount zone oscillator with BOS and CHoCH built in for further analysis of price action. This indicator works by first determining the the premium and discount zones by using pivot points and high/lows. The top of this oscillator represents the current premium zone while the bottom half of this oscillator...
composition - Consists of a thick trend line and a thin yellow line. - The largest (green/red) lines indicate rising and falling markets. - This line represents the 13-candle moving average of Tilson T3. - The reason for 13 candles is because it best matches the recent market price based on Bitcoin. - This value cannot be changed, so if you need it, please...
In the middle of a bustling cryptocurrency market, with Bitcoin navigating a critical phase and the community hype over potential ETF approvals, current funding rates, and market leverage, the timing is optimal to harness the capabilities of sophisticated trading tools. Meet the Open Interest Oscillator – special indicator tailored for the volatile arena of...
PlayBit EMA Indicator Introducing the PlayBit EMA, a highly esteemed technical analysis tool within the PlayBit Community and a personal favorite of Bitcoin Playboy. This indicator has cemented its place as a staple among traders for its simplicity and effectiveness. Key Features: PB EMA: Utilizes two Exponential Moving Averages (EMAs) to identify support and...
The Channels With Patterns indicator is an attempt at minimizing the delay in forming a trend channel. This indicator uses a single pivot in conjunction with a smooth version of the price to estimate the direction of an emerging trend. Using ATR, this indicator estimates the volatility of the new trend by adjusting the channel size by a multiple of the current...
TL;DR - A different approach calculating strength based on Donchain channels My approach calculating strength by using the difference between price and donchain average. It is possible to use the highest/lowest value of a given source (like close) or to use the highest high/lowest low (by using the option 'include wicks') for the strength calculation I added...
In the dynamic landscape of financial markets, the Adaptive Trend Finder (log) stands out as an example of precision and professionalism. This advanced tool, equipped with a unique feature, offers traders a sophisticated approach to market trend analysis: the choice between automatic detection of the long-term or short-term trend channel. Key Features: 1. Choice...
Hello traders In this script, I have defined two bands with a deviation of 2 and 3 I designed the setup so that the upper lines represent red resistance, the lower lines represent green support, and the blue line represents the average price of the previous 20 candles in each time frame. This code can be used mostly in time frames above 30 minutes and somehow...
I enjoy Donchian Channels for identifying trends. However, I hate having them on my chart. They are next to impossible to interpret at a glance. This script converts DCs to a % making a useful oscillator. The horizontal lines on the chart correspond to the Fib retracements below 50%. There are many ways to trade using this script and it works on any time...
This Pine Script indicator is designed to identify and visually represent inside bars or candles. Here's a breakdown of its features and functionality: 1. Inputs: insideCandlesColor: Color of the inside bars or candles. highColor: Color of the horizontal line representing the high of the inside bar. lowColor: Color of the horizontal line representing the...
Identify excess zones resulting in market reversals by visualizing price deviations from an average. The Excess Index (BEI) is designed to identify excess zones resulting in reversals, based on price deviations from a moving average. This moving average is fully customizable (type, period to be taken into account, etc.). This indicator also multiplies the moving...
Quite recently I came upon a concept of Trailing Take Profit and I couldn't find a PineScript which implements it for the fastest possible execution, so here it is :) Everybody knows Trailing StopLoss - an invisible mechanism follows the price and exits the trade once the price retreats too much from its recent most extended favourable value. Trailing TakeProfit...
Hey, friends! blackcat is here to bring you an interesting and professional article today, talking about the "Triple Exponential Moving Average (TEMA) Channel" - a powerful tool as a trend indicator in volatile markets. First of all, let's delve into the origins of the TEMA indicator. It was invented by Patrick Mulloy in the mid-90s with the aim to address the...
Introducing G2R – The Universal Indicator! Unlock the secret to trading success with G2R an extraordinary indicator that provides automatic signals across every time frame and market, from forex, crypto, stocks, & options with over 80% signal accuracy. Say goodbye to guesswork and hello to precision as G2R empowers you with real-time insights , giving you the...
This is a strategy/combination of warning indicators using 3EMA and Keltner Channels. I set up this strategy with the aim of reducing analytical labor in the market. When this strategy warns signals, then buy or sell. This strategy setup works for timeframes, however it can still work for different timeframes. It works well with Gold in various timeframes. If you...
Title: Contrarian Donchian Channel Indicator with Alerts and Visuals Description: The Contrarian Donchian Channel Indicator is designed for traders who seek to implement a contrarian approach using the time-tested Donchian Channel method. This indicator not only signals potential entry points but also enhances trading visualization by marking hypothetical stop...
Donchian Channel Setup: The strategy uses a tool called the Donchian Channel. Imagine this as two lines (bands) on a chart that show the highest and lowest prices over a certain number of past trading days (default is 20 days). There's also a centerline, which is the average of these two bands. Entry Conditions for Trades: Buying (Going Long): The strategy...