RV - RSI & MACD Dynamic Tracker Importance:
The RV - RSI & MACD Dynamic Tracker indicator combines the power of the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) to give traders a comprehensive view of momentum and trend direction. By visualizing overbought and oversold levels, trend momentum, and customizable moving averages, this indicator serves as a robust tool for making informed trading decisions across various timeframes.
Benefits:
RSI Component:
Dynamic RSI Display: RSI values are visually color-coded to quickly indicate market conditions, such as overbought, oversold, bullish, or bearish trends.
Configurable Parameters: Allows users to adjust RSI length and the source of the RSI, offering flexibility to adapt to different market environments.
Customizable Moving Average (MA) Overlay: Users can select from five types of moving averages (SMA, EMA, SMMA, WMA, and VWMA) to smooth RSI values for a clearer trend signal. This helps in reducing noise and aligning with the user’s trading strategy.
Clear Zones for Market Conditions: Highlights overbought (above 80) and oversold (below 20) areas with different color bands, aiding traders in identifying high-probability reversal zones and confirming trade setups based on RSI levels.
MACD Component:
Flexible Moving Averages: Users can set the MACD’s Fast and Slow moving averages as either SMA or EMA, allowing for a customized view of momentum shifts.
Histogram Scaling: The MACD histogram is dynamically scaled to fit a 0-100 range, enabling easy comparison across different timeframes. This ensures the indicator remains informative without requiring parameter adjustments.
Visual Breakout Cues: The histogram color changes based on whether the MACD value is above or below the midline, signaling potential buy or sell momentum. This feature helps traders spot potential breakout or breakdown points with ease.
Configurable Signal Line: With options to adjust the smoothing length of the MACD’s signal line, traders can fine-tune the sensitivity of crossover points, helping them stay on top of emerging trends.
Enhanced Visual Representation:
Background Fill: The RSI background dynamically changes between the overbought and oversold zones, while the MACD histogram is filled with green for bullish momentum and red for bearish momentum. This color-coding offers a quick glance at trend direction and strength.
Mid-Line Reference: A central line (50) in the MACD histogram provides a clear point of reference for determining bullish or bearish momentum.
This indicator is ideal for traders seeking an effective combination of momentum (RSI) and trend (MACD) signals. By leveraging adjustable settings, traders can tailor the indicator to fit their unique trading styles, making it a valuable tool for intraday and swing trading setups on TradingView.
市場センチメントを測るインジケーター
MACD with Liquidity and RCI Signals (Dynamic Timeframe Settings)
このスクリプトは、MACD、流動性、RCIを組み合わせたトレードサインを表示するTradingViewのインジケーターであり、設定パネルでカスタマイズ可能なパラメータと、時間足に応じた動的なパラメータ調整を提供します。
基本設定
MACDの設定: Fast Length、Slow Length、Signal Lengthを設定パネルで変更可能です。
RCIの設定: RCI Length、オーバーボート/オーバーソールドのレベル(デフォルトは70と-70)を設定します。
流動性分析: ATR(平均的な価格変動の大きさ)と出来高を基に流動性が高い条件を確認します。
EMAの設定: 価格の方向性を確認するために、異なるEMA期間(Fast、Mid、Slow)を指定します。
動的時間足設定と設定パネルのデフォルト値の違い
設定パネルで手動調整できる初期パラメータは、MACDやRCIにおいてデフォルトのFast Length(5)、Slow Length(15)、Signal Length(16)などが含まれます。しかし、このスクリプトでは時間足に応じてパラメータが自動的に調整されます。たとえば、1分足ではFast Lengthが3、Slow Lengthが10、日足ではFast Lengthが12、Slow Lengthが26に設定されるため、設定パネルのデフォルト値とは異なります。
MACDチャート内の吹き出しラベル
吹き出しラベルには、現在の時間足に基づいて動的に適用されているMACD、RCI、ATRのパラメータ値が表示され、実際に使用される値を視覚的に確認できます。このため、設定パネルのデフォルト値とMACDチャート内の吹き出しに表示されるパラメータ値が異なる場合がありますので、エントリーポイントやトレンド判断時には、吹き出しに表示された値に注意を払う必要があります。
トレンドフィルター
トレンドフィルターのON/OFFを設定でき、トレンドが確認できる場合のみエントリーを行います。
エントリー条件
強いエントリー条件: MACD、RCI、流動性がすべて揃うと、背景が淡い緑(ロング)または赤(ショート)で表示され、アラートがトリガーされます。
弱いエントリー条件: MACDと流動性、またはRCI条件が揃うと、背景が濃い緑または赤で表示され、弱いアラートがトリガーされます。
アラート設定
全ての条件が揃った場合(強いエントリー)、または一部条件が揃った場合(弱いエントリー)にアラートを設定しており、長いまたは短いエントリーのタイミングを通知します。
表示とプロット
MACDとシグナルラインがプロットされ、トレンドの方向や強弱を視覚的に確認できます。
背景色: ロングまたはショートのエントリー条件に応じて背景色が変わり、エントリーのシグナルを視覚的に表示します。
このインジケーターは、設定された条件が揃うと背景色やアラートを通してトレードのエントリーポイントを知らせてくれます。設定パネルでのカスタマイズ可能なデフォルト値に加え、時間足によって自動調整されるパラメータで柔軟に使用でき、エントリーポイントの信頼性を高めることが可能です。
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This script is a TradingView indicator that combines MACD, liquidity, and RCI to display trade signals, offering customizable parameters in the settings panel and dynamic parameter adjustments based on the timeframe.
Basic Settings
MACD Settings: Fast Length, Slow Length, and Signal Length can be modified in the settings panel.
RCI Settings: Configure RCI Length and overbought/oversold levels (default is 70 and -70).
Liquidity Analysis: Identifies high liquidity conditions using ATR (Average True Range) and volume.
EMA Settings: Specify various EMA periods (Fast, Mid, Slow) to verify trend direction.
Dynamic Timeframe Settings vs. Default Values in the Settings Panel
The default parameters in the settings panel include Fast Length (5), Slow Length (15), and Signal Length (16) for MACD and RCI. However, this script automatically adjusts these parameters based on the timeframe. For example, on a 1-minute chart, Fast Length is set to 3 and Slow Length to 10, while on a daily chart, Fast Length is set to 12 and Slow Length to 26, differing from the settings panel defaults.
Bubble Label in MACD Chart
The bubble label displays the dynamically applied MACD, RCI, and ATR parameter values based on the current timeframe, allowing you to visually confirm the actual values in use. Thus, the values in the settings panel may differ from those shown in the MACD chart label. Pay attention to these displayed values when making entry or trend decisions.
Trend Filter
You can enable or disable the trend filter, so that entries occur only when a trend is confirmed.
Entry Conditions
Strong Entry Conditions: When MACD, RCI, and liquidity align, a light green (long) or red (short) background appears, triggering an alert.
Weak Entry Conditions: If MACD and liquidity, or RCI conditions align, a darker green or red background appears, triggering a weaker alert.
Alert Settings
Alerts are set for both strong and weak entry conditions, notifying you when a long or short entry signal is detected.
Display and Plotting
MACD and Signal Line: These lines are plotted, allowing you to visually assess trend direction and strength.
Background Color: The background color changes based on long or short entry conditions, visually indicating entry signals.
This indicator provides entry signals through background colors and alerts when conditions are met. It combines customizable default values from the settings panel with dynamically adjusted parameters based on the timeframe, allowing flexible use and enhancing the reliability of entry points.
MA 21 and MA 144 with Buy/Sell StrategyMA 21 and MA 144 with Buy/Sell Strategy. Its a combination of 2 moving average which generate the signals when they cross each other.
60%To create a strategy using Faytterro Bands, where a buy order is triggered when the price touches the lower band, and a sell order is triggered when the price touches the upper band, you can set it up similarly to Bollinger Bands if you're familiar with that. Since Faytterro Bands is a custom indicator, if you have specific calculation parameters, please let me know, or we can approximate it with standard deviation-based bands like Bollinger Bands.
Here's how you can approximate this strategy with Bollinger Bands in Pine Script:
Buy Condition: Buy when the price touches or crosses below the lower band.
Sell Condition: Sell when the price touches or crosses above the upper band.
Gold Trading Strategydd Debugging Information: We can add some labels or plotting statements to visualize where the conditions are being met
Samet_EMA-19-39_Trade// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org
// © Samce
//@version=5
indicator("Samet_EMA_Trade", overlay = true)
ema = ta.ema(close,19)
ema2 = ta.ema(close,39)
plot(ema,color = color.green)
plot(ema2,color = color.red)
claude-20pipschallengea script created with claude with the aim to do the 20 pips challenge on xauusd 1m
Swing Trading with Pivots, EMAs, Volume & OBVEMAs: The script calculates the 9, 21, and 50 EMAs. For a long entry, the EMAs should be aligned (EMA 9 > EMA 21 > EMA 50), indicating a bullish trend.
Pivot Highs and Lows: The pivot highs and lows are calculated with a customizable lookback period. The script plots these levels as visual reference points on the chart.
OBV and Volume Conditions: OBV and a 20-period moving average of volume are used for momentum confirmation. Long entries only trigger if the current OBV is above its 14-period average and volume is above its 20-period average.
Entry Condition: The strategy opens a long position when the price crosses above a pivot high and all other conditions are met.
Exit Condition: The exit occurs when the price crosses below the 21 EMA, or when there’s a bearish crossover between the 9 and 21 EMAs.
Customization
Pivot Lookback: Adjust the pivotLookback parameter for sensitivity in determining swing highs/lows.
Volume and OBV Thresholds: These can be tweaked to fit the specific asset’s characteristics.
This setup is ideal for analyzing and testing swing trades on TradingView's Pine Script platform. Let me know if you’d like further customization or adjustments!
Effective Volume (ADV) v3Effective Volume (ADV) v3: Enhanced Accumulation/Distribution Analysis Tool
This indicator is an updated version of the original script by cI8DH, now upgraded to Pine Script v5 with added functionality, including the Volume Multiple feature. The tool is designed for analyzing Accumulation/Distribution (A/D) volume, referred to here as "Effective Volume," which represents the volume impact in alignment with price direction, providing insights into bullish or bearish trends through volume.
Accumulation/Distribution Volume Analysis : The script calculates and visualizes Effective Volume (ADV), helping traders assess volume strength in relation to price action. By factoring in bullish or bearish alignment, Effective Volume highlights points where volume strongly supports price movements.
Volume Multiple Feature for Volume Multiplication : The Volume Multiple setting (default value 2) allows you to set a multiplier to identify bars where Effective Volume exceeds the previous bar’s volume by a specified factor. This feature aids in pinpointing significant shifts in volume intensity, often associated with potential trend changes.
Customizable Aggregation Types : Users can choose from three volume aggregation types:
Simple - Standard SMA (Simple Moving Average) for averaging Effective Volume
Smoothed - RMA (Recursive Moving Average) for a less volatile, smoother line
Cumulative - Accumulated Effective Volume for ongoing trend analysis
Volume Divisor : The “Divide Vol by” setting (default 1 million) scales down the Effective Volume value for easier readability. This allows Effective Volume data to be aligned with the scale of the price chart.
Visualization Elements
Effective Volume Columns : The Effective Volume bar plot changes color based on volume direction:
Green Bars : Bullish Effective Volume (volume aligns with price movement upwards)
Red Bars : Bearish Effective Volume (volume aligns with price movement downwards)
Moving Average Lines :
Volume Moving Average - A gray line representing the moving average of total volume.
A/D Moving Average - A blue line showing the moving average of Accumulation/Distribution (A/D) Effective Volume.
High ADV Indicator : A “^” symbol appears on bars where the Effective Volume meets or exceeds the Volume Multiple threshold, highlighting bars with significant volume increase.
How to Use
Analyze Accumulation/Distribution Trends : Use Effective Volume to observe if bullish or bearish volume aligns with price direction, offering insights into the strength and sustainability of trends.
Identify Volume Multipliers with Volume Multiple : Adjust Volume Multiple to track when Effective Volume has notably increased, signaling potential shifts or strengthening trends.
Adjust Volume Display : Use the volume divisor setting to scale Effective Volume for clarity, especially when viewing alongside price data on higher timeframes.
With customizable parameters, this script provides a flexible, enhanced perspective on Effective Volume for traders analyzing volume-based trends and reversals.
Jackson Volume breaker Indication# Jackson Volume Breaker Beta
### Advanced Volume Analysis Indicator
## Description
The Jackson Volume Breaker Beta is a sophisticated volume analysis tool that helps traders identify buying and selling pressure by analyzing price action and volume distribution. This indicator separates and visualizes buying and selling volume based on where the price closes within each candle's range, providing clear insights into market participation and potential trend strength.
## Key Features
1. **Smart Volume Distribution**
- Automatically separates buying and selling volume
- Color-coded volume bars (Green for buying, Red for selling)
- Winning volume always displayed on top for quick visual reference
2. **Real-time Volume Analysis**
- Shows current candle's buy/sell ratio
- Displays total volume with smart number formatting (K, M, B)
- Percentage-based volume distribution
3. **Technical Overlays**
- 20-period Volume Moving Average
- Dynamic scaling relative to price action
- Clean, uncluttered visual design
## How to Use
### Installation
1. Add the indicator to your chart
2. Adjust the Volume Scale input based on your preference (default: 0.08)
3. Toggle the Moving Average display if desired
### Reading the Indicator
#### Volume Bars
- **Green Bars**: Represent buying volume
- **Red Bars**: Represent selling volume
- **Stacking**: The larger volume (winning side) is always displayed on top
- **Height**: Relative to the actual volume, scaled for chart visibility
#### Information Table
The top-right table shows three key pieces of information:
1. **Left Percentage**: Winning side's volume percentage
2. **Middle Percentage**: Losing side's volume percentage
3. **Right Number**: Total volume (abbreviated)
### Trading Applications
1. **Trend Confirmation**
- Strong buying volume in uptrends confirms bullish pressure
- High selling volume in downtrends confirms bearish pressure
- Volume divergence from price can signal potential reversals
2. **Support/Resistance Breaks**
- High volume on breakouts suggests stronger moves
- Low volume on breaks might indicate false breakouts
- Monitor volume distribution for break direction confirmation
3. **Reversal Identification**
- Volume shift from selling to buying can signal potential bottoms
- Shift from buying to selling can indicate potential tops
- Use with price action for better entry/exit points
## Input Parameters
1. **Volume Scale (0.01 to 1.0)**
- Controls the height of volume bars
- Default: 0.08
- Adjust based on your chart size and preference
2. **Show MA (True/False)**
- Toggles 20-period volume moving average
- Useful for identifying volume trends
- Default: True
3. **MA Length (1+)**
- Changes the moving average period
- Default: 20
- Higher values for longer-term volume trends
## Best Practices
1. **Multiple Timeframe Analysis**
- Compare volume patterns across different timeframes
- Look for volume convergence/divergence
- Use higher timeframes for major trend confirmation
2. **Combine with Other Indicators**
- Price action patterns
- Support/resistance levels
- Momentum indicators
- Trend indicators
3. **Volume Pattern Recognition**
- Monitor for unusual volume spikes
- Watch for volume climax patterns
- Identify volume dry-ups
## Tips for Optimization
1. Adjust the Volume Scale based on your chart size
2. Use smaller timeframes for detailed volume analysis
3. Compare current volume bars to historical patterns
4. Watch for volume/price divergences
5. Monitor volume distribution changes near key price levels
## Note
This indicator works best when combined with proper price action analysis and risk management strategies. It should not be used as a standalone trading system but rather as part of a comprehensive trading approach.
## Version History
- Beta Release: Initial public version
- Features buy/sell volume separation, moving average, and real-time analysis
- Optimized for both intraday and swing trading timeframes
## Credits
Developed by Jackson based on other script creators
Special thanks to the trading community for feedback and suggestions
Volume/Price Divergence v2The "Volume/Price Divergence v2" indicator is designed to analyze the relationship between volume and price movements in a financial market. It helps traders identify potential divergences that may indicate a change in market trends. Here’s a breakdown of how it works:
### Key Components
1. **Volume Calculation**:
- **Buying Volume**: This is calculated based on the relationship between the closing price and the high/low range. If the closing price is closer to the low, more volume is attributed to buying.
- **Selling Volume**: Conversely, if the closing price is closer to the high, more volume is considered selling.
The formulas used are:
```pinescript
buyVolume = high == low ? 0 : volume * (close - low) / (high - low)
sellVolume = high == low ? 0 : volume * (high - close) / (high - low)
```
2. **Plotting Volume**:
- The total volume is plotted in red and buying volume is plotted in teal. This helps visualize the volume distribution during different price movements.
3. **Rate of Change (ROC)**:
- The indicator calculates the rate of change for both volume and price over a specified period. This allows traders to see how volume and price are changing relative to each other.
```pinescript
roc = source / source
roc2 = source2 / source2
```
4. **Volume/Price Divergence (VPD)**:
- The VPD is derived from the ratio of the ROC of volume to the ROC of price. This ratio helps identify divergences:
- A VPD significantly above 10 may indicate strong divergence, suggesting that price movements are not supported by volume.
- A VPD around 1 indicates that volume and price are moving in harmony.
5. **Horizontal Lines**:
- The indicator includes horizontal lines at levels 10 (high divergence) and 1 (low divergence), serving as visual cues for traders to assess the market's state.
### Interpretation
- **Divergence**: If price makes a new high but volume does not follow (or vice versa), it may signal a potential reversal or weakness in the trend.
- **Volume Trends**: Analyzing the buying vs. selling volume can provide insights into market sentiment, helping traders make informed decisions.
- **Potential for a Strong Move**: A high VPD during a breakout indicates that while volume is increasing, the price isn’t moving significantly, suggesting that a big price move could be imminent.
- **Caution Before Entry**: Traders should be aware that the lack of price movement relative to high volume may signal an impending volatility spike, which could lead to a rapid price change in either direction.
Overall, this indicator is useful for traders looking to gauge the strength of price movements and identify potential reversals or breakouts based on volume trends.
BTC Dominance Trend CheckerThis monitors the Bitcoin dominance (BTC.D) in the market. It retrieves the current and previous day's BTC dominance values, determines whether dominance is increasing or decreasing, and visually displays the trend.
Multi TimeFrame VolumeThis script, "Multi TimeFrame Volume," is a TradingView Pine Script indicator that displays volume data across five user-selected timeframes in a table. Each volume is formatted in thousands (K) or millions (M) and color-coded based on the percentage change from the previous value (green for increase, red for decrease, gray if unchanged). The table's position and header colors can be customized. This helps traders quickly see volume trends at different intervals on a single chart
Heikin Line - TB365Heikin Line - An Enhanced Smoothed Heiken Ashi Overlay
Built on the foundation of TheBacktestGuy’s Smoothed Heiken Ashi indicator, Heikin Line takes trend analysis to the next level with versatile enhancements and adaptable settings.
This indicator offers selectable moving averages both before and after Heiken Ashi (HA) calculation, adding an additional layer of smoothness to traditional HA candles.
Key Features:
Trend Identification: Detects short and long-term trend directions with greater clarity.
Dynamic Support and Resistance: Not limited to a single line, Heikin Line creates a dynamic support/resistance zone, offering a visual “height” that adjusts with market shifts.
Trailing Stop: Effective as a trailing stop for enhanced risk management.
Trend Reversal Detection: Quickly identifies potential reversals when price crosses above or below the Heiken Ashi candle.
Improvements:
Trend Strength Visualization: Uses a cord-like appearance to reflect trend strength, making it easier to spot strong or weak trends.
Quick Reversal Detection: Enhanced responsiveness to detect rapid market reversals.
Easy Integration: Seamlessly combines with other indicators for a comprehensive trading setup.
With numerous moving average options, Heikin Line is adjustable to suit various market conditions and trading styles. Additionally, it leverages my TAExt library, so you can use it within your own strategies for added versatility.
Dynamic Volume-Based Buy/Sell IndicatorThis script provides a powerful volume-based indicator that visualizes buy and sell volumes, issues alerts for volume spikes, and adjusts color intensity dynamically based on volume size. It includes customizable settings for volume averaging and thresholds, making it adaptable to various trading strategies.
Harmony Signal Flow By ArunThis Pine Script strategy, titled "Harmony Signal Flow By Arun," uses the Relative Strength Index (RSI) indicator to generate buy and sell signals based on custom thresholds. The script incorporates stop-loss and target management and restricts new trades until the previous position closes. Here's a detailed description:
Custom RSI Metric:
The strategy calculates a 5-period RSI based on the closing price, aiming for a more responsive measure of price momentum.
RSI thresholds are defined:
Lower threshold (30): Indicates oversold conditions, triggering a potential buy.
Upper threshold (70): Indicates overbought conditions, prompting a possible sell.
Entry Conditions:
Buy Signal: The strategy initiates a buy order when the RSI crosses above the lower threshold (30), indicating a shift from oversold conditions.
Sell Signal: A sell order is triggered when the RSI crosses below the upper threshold (70), suggesting an overbought reversal.
Only one order (buy or sell) can be active at a time, ensuring that a new trade begins only when there’s no existing position.
Stop-Loss and Target Management:
For each trade, stop-loss and target conditions are applied to manage risk and secure profits.
For Buy Positions:
Stop-loss is set 100 points below the entry price.
Target is set 150 points above the entry price.
For Sell Positions:
Stop-loss is set 100 points above the entry price.
Target is 150 points below the entry price.
The strategy closes the trade when either the stop-loss or target is met, marking the trade as "closed" and allowing a new trade entry.
Trade Sequencing:
A new trade (buy or sell) is only permitted after the previous position hits either its stop-loss or target, preventing overlapping trades and ensuring clear trade sequences.
This sequential approach enhances risk management by ensuring only one active position at any time.
End-of-Day Closure:
All open positions are closed automatically at 3:25 PM (Indian market time) to avoid overnight exposure, ensuring the strategy remains strictly intraday.
The flag for trade entry is reset at the end of each day, enabling fresh trades the next day.
Chart Indicators:
The script plots buy and sell signals directly on the chart with visible labels.
It also displays the custom RSI metric with horizontal lines for the lower and upper thresholds, providing visual cues for entry and exit points.
Summary
This strategy is a momentum-based intraday trading approach that uses the RSI for identifying potential reversals and manages trades through predefined stop-loss and target levels. By enforcing trade sequencing and closing positions at the end of the trading day, it prioritizes risk management and seeks to capitalize on short-term trends while avoiding overnight market risks.
SimpleChart Indicator V1copyThe SimpleChart Indicator V1 is a technical analysis tool designed to facilitate trading decisions by providing clear buy and sell signals based on the relationship between the price and a Simple Moving Average (SMA). This indicator is especially useful for traders who prefer a straightforward, rule-based approach to market analysis.
Key Features:
Simple Moving Average (SMA): The core of the indicator is the SMA, which smooths price data over a specified period (default is 14 periods). This helps to identify the overall trend direction by filtering out short-term fluctuations.
Buy Signal: A buy signal is generated when the price crosses above the SMA. This indicates a potential upward trend, suggesting that it may be a good time to enter a long position.
Sell Signal: Conversely, a sell signal is triggered when the price crosses below the SMA. This suggests a potential downward trend, indicating that it may be time to exit a long position or consider a short position.
Visual Representation: The indicator provides clear visual cues on the chart:
Buy signals are marked with green labels below the bars.
Sell signals are marked with red labels above the bars.
The SMA line is plotted in blue, making it easy to identify the trend.
Benefits of Using SimpleChart Indicator V1:
User-Friendly: The indicator is easy to understand and implement, making it suitable for both novice and experienced traders.
Clarity in Decision Making: By providing distinct signals, the indicator helps traders make quick decisions based on the market's behavior concerning the moving average.
Trend Following: The SimpleChart Indicator V1 is particularly effective in trending markets, allowing traders to capture significant price movements.
Use Cases:
Day Trading: Traders can use the indicator for short-term trades by reacting quickly to buy and sell signals.
Swing Trading: The SMA helps identify trends over a longer period, making it suitable for swing traders looking to capitalize on price movements.
In summary, the SimpleChart Indicator V1 is a valuable tool for traders seeking a straightforward and effective way to analyze market trends and make informed trading decisions.
Confluence StrategyOverview of Confluence Strategy
The Confluence Strategy in trading refers to the combination of multiple technical indicators, support/resistance levels, and chart patterns to identify high-probability trading opportunities. The idea is that when several indicators agree on a price movement, the likelihood of that movement being successful increases.
Key Components
Technical Indicators:
Moving Averages (MA): Commonly used to determine the trend direction. Look for crossovers (e.g., the 50-day MA crossing above the 200-day MA).
Relative Strength Index (RSI): Helps identify overbought or oversold conditions. A reading above 70 may indicate overbought conditions, while below 30 suggests oversold.
MACD (Moving Average Convergence Divergence): Useful for spotting changes in momentum. Look for MACD crossovers and divergence from price.
Support and Resistance Levels:
Identify key levels where price has historically reversed. These can be drawn from previous highs/lows, Fibonacci retracement levels, or psychological price levels.
Chart Patterns:
Patterns like head and shoulders, double tops/bottoms, or flags can indicate potential reversals or continuations in price.
Strategy Implementation
Set Up Your Chart:
Add the desired indicators (e.g., MA, RSI, MACD) to your TradingView chart.
Mark significant support and resistance levels.
Identify Confluence Points:
Look for situations where multiple indicators align. For instance, if the price is near a support level, the RSI is below 30, and the MACD shows bullish divergence, this may signal a buying opportunity.
Entry and Exit Points:
Entry: Place a trade when your confluence conditions are met. Use limit orders for better prices.
Exit: Set profit targets based on resistance levels or use trailing stops. Consider the risk-reward ratio to ensure your trades are favorable.
Risk Management:
Always implement stop-loss orders to protect against unexpected market moves. Position size should reflect your risk tolerance.
Example of a Confluence Trade
Setup:
Price approaches a strong support level.
RSI shows oversold conditions (below 30).
The 50-day MA is about to cross above the 200-day MA (bullish crossover).
Action:
Enter a long position as the conditions align.
Set a stop loss just below the support level and a take profit at the next resistance level.
Conclusion
The Confluence Strategy can significantly enhance trading accuracy by ensuring that multiple indicators support a trade decision. Traders on TradingView can customize their indicators and charts to fit their personal trading styles, making it a flexible approach to technical analysis.
OBV based on MADescription:
This indicator calculates On-Balance Volume (OBV) based on the direction of a Simple Moving Average (SMA). Instead of using price movements, this OBV adds or subtracts volume depending on whether the SMA is rising or falling.
SMA-based OBV: When the SMA rises, the volume is added to the OBV. When the SMA falls, the volume is subtracted from the OBV. This allows traders to observe cumulative volume in relation to the wave patterns created by the SMA.
SMA Period: The period of the SMA can be customized, allowing traders to adjust it according to the wave size they want to observe.
While the cumulative volume indicator already exists, traders who analyze volume patterns can use this indicator to more easily conduct volume analysis across different wave sizes.
Inputs:
SMA Period: Defines the lookback period for calculating the Simple Moving Average (default is 25).
Ideal for:
Traders who want to analyze volume flow relative to moving average trends, rather than price movements. This can help identify underlying strength or weakness in market trends.
説明:
このインジケーターは、単純移動平均(SMA)の方向に基づいてオンバランス・ボリューム(OBV)を計算します。価格の動きではなく、SMAが上昇しているときは出来高を加算し、SMAが下降しているときは出来高を減算します。
SMA基準のOBV: SMAが上昇している場合はOBVに出来高が加算され、SMAが下降している場合は出来高が減算されます。これにより、SMAが作る波形に即した累積出来高を観察することができます。
SMA期間: トレーダーが見たい波のサイズ感に応じて、SMAの期間をカスタマイズできます。
既に累積出来高(Cumulative Volume)というインジケーターは存在しますが、波形を基に出来高を分析しているトレーダーは、このインジケーターを使うことで、様々なサイズの波形に即した出来高分析をより簡単に行うことができます。
入力項目:
SMA期間: 単純移動平均の計算に使用される期間を定義します(デフォルトは25)。
適しているトレーダー:
より波形に即した累積出来高分析を重視するトレーダーに最適です。
Daily Volume Metrics BoxDaily Volume Metrics Box
A powerful tool for monitoring intraday trading metrics in real-time. This indicator provides a clean, customizable display of key market statistics that reset daily.
🔑 Key Features:
- Daily Volume Distribution - Track positive and negative volume separately
- Net Volume Analysis - Monitor the balance of buying vs selling volume
- Average Candle Size - Dynamic calculation of recent price movement magnitude
- Flexible Positioning - Place the metrics box in any corner of your chart
- Auto-Reset - All metrics automatically reset at the start of each trading day
- Current Date Display - Always know which day's data you're viewing
📊 Metrics Explained:
1. Avg Size: Average candle size over your specified lookback period
2. Pos Vol: Accumulated volume from up-moves during the current day
3. Neg Vol: Accumulated volume from down-moves during the current day
4. Net Vol: The difference between positive and negative volume (Pos Vol - Neg Vol)
⚙️ Customization Options:
- Number of candles for average (1-∞)
- Background color and transparency
- Text color
- Box position (Top/Bottom, Left/Right)
- Distance from chart edge (1-5 bars)
📌 Usage Tips:
- Use larger lookback periods for more stable average candle size
- Position the box where it won't interfere with your chart analysis
- Monitor net volume for potential trend strength confirmation
- Compare positive and negative volume for insight into price momentum
🔄 Daily Reset:
All volume metrics reset at the start of each trading day, ensuring you're always looking at current day data only.
Perfect for day traders, swing traders, and anyone who wants to monitor intraday market dynamics with clean, organized metrics.
Note: This indicator works best on intraday timeframes where volume data is available.