Jaakko's Keltner StrategyA version of the Keltner Channel's strategy. Only taking long entries because they perform better. No shorts adviced. Performs very well on cryptos and stocks, where is more volatility included. Beats buy and hold strategy in 70% of US stocks in 30 minutes interval.
Candlestick analysis
Bollinger Bands Touch AlertBollinger Bands Touch Alert helping to creae setup for bullish and bearish identified on bb
BBSetupAlokBollinger Bands and bullish and bearish engulfing setup, it helps in identifying bullish candle and bearish candle on lower and upper Bollinger band
4 Bar FractalThis indicator is a simple yet powerful tool that tracks potential trend reversals by checking whether the closing price of the last candle in a four-candle sequence finishes above or below the highs or lows of both the immediately preceding candle and the first candle in that sequence. If the closing price breaks above those prior highs, a green triangle appears above the chart to indicate bullish momentum; if it breaks below those lows, a red triangle appears below the chart to signal bearish momentum. Not only is it beneficial for scalping or other short-term trading, but it also works well for swing trades and longer-term trends, making it one of the most effective indicators for catching significant market shifts. However, to avoid false breakouts, it is advisable to confirm signals with volume or additional trend indicators and to maintain disciplined risk management.
Support and Resistance with Buy/Sell Signals**Support and Resistance with Buy/Sell Signals**
Support and resistance are key concepts in technical analysis used to identify price levels at which an asset tends to reverse or pause in its trend. These levels are pivotal for traders to anticipate potential entry (buy) or exit (sell) opportunities.
### **Support**
Support is a price level where a downward trend tends to pause or reverse due to an increase in buying interest. It acts as a "floor" for the price. Traders consider this level as an area to look for **buy signals**.
#### **Buy Signals near Support**:
1. **Bounce Confirmation**: When the price touches the support level and rebounds upward, confirming the strength of the support.
2. **Bullish Candlestick Patterns**: Patterns like hammers or engulfing candles forming at support levels suggest buying opportunities.
3. **Volume Increase**: A spike in trading volume at the support level often reinforces the likelihood of a reversal.
---
### **Resistance**
Resistance is a price level where an upward trend tends to pause or reverse due to an increase in selling pressure. It acts as a "ceiling" for the price. Traders consider this level as an area to look for **sell signals**.
#### **Sell Signals near Resistance**:
1. **Price Rejection**: When the price reaches the resistance level and fails to break above it, moving downward instead.
2. **Bearish Candlestick Patterns**: Patterns like shooting stars or bearish engulfing candles at resistance levels signal selling opportunities.
3. **Divergences**: If the price forms higher highs near resistance while an indicator (e.g., RSI) shows lower highs, it suggests weakening momentum.
---
### **Dynamic Indicators for Support and Resistance**
1. **Moving Averages**: Commonly used as dynamic support/resistance, especially the 50, 100, and 200-period moving averages.
2. **Fibonacci Retracements**: Highlight potential support and resistance levels based on mathematical ratios.
3. **Pivot Points**: Daily, weekly, or monthly pivot levels offer reliable zones for support and resistance.
---
### **Combining Buy/Sell Signals with Indicators**
To enhance accuracy, traders combine support and resistance levels with additional indicators such as:
- **RSI (Relative Strength Index)**: To confirm overbought (sell) or oversold (buy) conditions.
- **MACD (Moving Average Convergence Divergence)**: For momentum and trend reversals at key levels.
- **Volume Analysis**: To validate the strength of price movements near support or resistance.
By using support and resistance levels with these signals, traders can develop a structured approach to identifying high-probability trade setups.
EMA Crossover Strategy//@version=5
strategy("EMA Crossover Strategy", overlay=true)
// Define the length of EMAs
ema50Length = 50
ema200Length = 200
// Calculate the EMAs
ema50 = ta.ema(close, ema50Length)
ema200 = ta.ema(close, ema200Length)
// Plot the EMAs on the chart
plot(ema50, title="50 EMA", color=color.green, linewidth=2)
plot(ema200, title="200 EMA", color=color.red, linewidth=2)
// Define the crossover condition
longCondition = ta.crossover(ema50, ema200)
shortCondition = ta.crossunder(ema50, ema200)
// Generate alerts
alertcondition(longCondition, title="Buy Signal", message="50 EMA is above 200 EMA - Buy")
alertcondition(shortCondition, title="Sell Signal", message="50 EMA is below 200 EMA - Sell")
// Execute trades based on the conditions
if (longCondition)
strategy.entry("Buy", strategy.long)
if (shortCondition)
strategy.close("Buy")
Pure Shadow Check with Rangeyou can set the trading range and set shadow percentage if the candle back and close in the trading range you can buy or sell in momentum trend
Vwap and Super Trend by Trade Partners//@version=5
indicator(title='Vwap and Super Trend by Trade Partners', shorttitle='Suresh', overlay=true)
ha_t = syminfo.ticker
// Credits goes to Options scalping
// === VWAP ===
_isVWAP = input(true, '─────── Enable VWAP ─────')
src = input(title='Source', defval=hlc3)
t = time('D')
start = na(t ) or t > t
sumSrc = src * volume
sumVol = volume
sumSrc := start ? sumSrc : sumSrc + sumSrc
sumVol := start ? sumVol : sumVol + sumVol
// You can use built-in vwap() function instead.
plot(_isVWAP ? sumSrc / sumVol : na, title='VWAP', color=color.new(color.red, 0), linewidth=2)
// === SuperTrend ===
_isSuperTrend = input(true, '─────── Enable SuperTrend ─────')
Factor = input.int(2, minval=1, maxval=100)
Pd = input.int(10, minval=1, maxval=100)
Up = hl2 - Factor * ta.atr(Pd)
Dn = hl2 + Factor * ta.atr(Pd)
Trend = 0.0
TrendUp = 0.0
TrendDown = 0.0
TrendUp := close > TrendUp ? math.max(Up, TrendUp ) : Up
TrendDown := close < TrendDown ? math.min(Dn, TrendDown ) : Dn
Trend := close > TrendDown ? 1 : close < TrendUp ? -1 : nz(Trend , 1)
Tsl = Trend == 1 ? TrendUp : TrendDown
linecolor = Trend == 1 ? color.green : color.red
plot(_isSuperTrend ? Tsl : na, color=linecolor, style=plot.style_line, linewidth=2, title='SuperTrend', transp=1)
// === Parabolic SAR ===
_isPSAR = input(true, '──── Enable Parabolic SAR ─────')
start1 = input(0.02)
increment = input(0.02)
maximum = input(0.2)
out = ta.sar(start1, increment, maximum)
plot(_isPSAR ? out : na, title='PSAR', style=plot.style_cross, color=color.new(color.black, 0))
// === 20 VWMA ===
_isVWMA = input(true, '──── Enable 20 VWMA ─────')
plot(_isVWMA ? ta.vwma(close, 20) : na, title='VWMA', style=plot.style_line, color=color.new(color.blue, 0))
// === Strong Volume ===
ShowHighVolume = input(true, '──── Enable High Volume Indicator ─────')
Averageval = input.int(title='Average Volume: (in K)', defval=50, minval=1)
Averageval *= 1000
varstrong = ShowHighVolume ? volume > Averageval : false
plotshape(varstrong, style=shape.square, location=location.bottom, color=color.new(color.blue, 0))
Bollinger Bands + Medias Moviles Simples & EMAcombina bandas de bollinger + medias moviles simples 200,50,21 y EMA 10,20
123 Venda, EMA50Cálculo das Condições:
Candle 1 (Máxima inicial): Considera o terceiro candle anterior (high ).
Candle 2 (Máxima maior): Considera o segundo candle anterior (high ).
Candle 3 (Máxima menor): Verifica se o candle atual (high) tem uma máxima menor que a do Candle 2.
123 de compra, EMA50Aqui está o código atualizado que segue a regra dos 3 candles conforme você especificou:
Candle 1: Marca a mínima inicial.
Candle 2: Possui uma mínima menor que a do Candle 1.
Candle 3: Possui uma mínima maior que a do Candle 2.
O Candle 2 será marcado com uma setinha verde abaixo dele.
BTC-SPX Momentum Gauge + EMA SignalHere's an explanation of the market dynamics and signal benefits of this script:
Momentum and Sentiment Indicator:
The script uses the momentum of the S&P 500 to change the chart's background color, providing a quick visual cue of market sentiment. Green indicates potential bullish momentum in the broader market, while red suggests bearish momentum. This can help traders gauge overall market direction at a glance.
Bitcoin Trend Analysis:
By plotting the scaled TEMA of Bitcoin (BTC), traders can see how Bitcoin's trend correlates or diverges from the current asset being analyzed. Since Bitcoin is often viewed as a hedge against traditional financial systems or inflation, its trend can signal broader economic shifts or investor sentiment towards alternative investments.
Dual Trend Confirmation:
The script offers two trend lines: one for Bitcoin and one for the current ticker. When these lines move in tandem, it might indicate a strong market trend across both traditional and crypto markets. Divergence between these lines can highlight potential market anomalies or opportunities for arbitrage or hedging.
Smoothness vs. Reactivity:
The use of TEMA for Bitcoin provides a smoother signal than a simple moving average, reducing lag while still reacting to price changes. This can be particularly useful for identifying longer-term trends in Bitcoin's volatile market. The 20-period EMA for the current ticker, on the other hand, gives a quicker response to price changes in the asset you're directly trading.
Cross-Asset Correlation:
By overlaying Bitcoin's trend on another asset's chart, traders can analyze how these markets might influence each other. For instance, if Bitcoin is in an uptrend while a traditional asset is declining, it might suggest capital rotation into cryptocurrencies.
Trading Signals:
Crossovers or divergences between the TEMA of Bitcoin and the EMA of the current ticker could be used as signals for entry or exit points. For example, if the BTC TEMA crosses above the current ticker's EMA, it might suggest a shift towards crypto assets.
Risk Management:
The visual cues from the background color and moving averages can aid in risk management. For example, trading in the direction of the momentum indicated by the background color might be seen as going with the market flow, potentially reducing risk.
Macro-Economic Insights:
The relationship between Bitcoin and traditional markets can offer insights into macroeconomic conditions, particularly related to inflation, monetary policy, and investor sentiment towards fiat currencies.
Headwind and tailwind:
Currently BTC correlated trade instruments experience headwind or tailwind from the broader market. This indicator lets the user see it to help their trade decision process.
Additional Statement:
As the market realizes the dangers of the fiat that its construct is built upon and evolves and migrates into stable money, incorruptible by inflation, this indicator will reveal the external influence of that corruptible and the internal influence of the incorruptible; having diminishing returns as the rise of stable money overtakes the treasuries of the fiat construct.
Volume profile [Signals] - By Leviathan [Mindyourbuisness]Market Sessions and Volume Profile with Sweep Signals - Based on Leviathan's Volume Profile
This indicator is an enhanced version of Leviathan's Volume Profile indicator, adding session-based value area analysis and sweep detection signals. It combines volume profile analysis with market structure concepts to identify potential reversal opportunities.
Features
- Session-based volume profiles (Daily, Weekly, Monthly, Quarterly, Yearly)
- Forex sessions support (Tokyo, London, New York)
- Value Area analysis with POC, VAH, and VAL levels
- Extended level visualization for the last completed session
- Sweep detection signals for key value area levels
Sweep Signals Explanation
The indicator detects two types of sweeps at VAH, VAL, and POC levels:
Bearish Sweeps (Red Triangle Down)
Conditions:
- Price makes a high above the level (VAH/VAL/POC)
- Closes below the level
- Closes below the previous candle's low
- Previous candle must be bullish
Trading Implication: Suggests a failed breakout and potential reversal to the downside. These sweeps often indicate stop-loss hunting above key levels followed by institutional selling.
Bullish Sweeps (Green Triangle Up)
Conditions:
- Price makes a low below the level (VAH/VAL/POC)
- Closes above the level
- Closes above the previous candle's high
- Previous candle must be bearish
Trading Implication: Suggests a failed breakdown and potential reversal to the upside. These sweeps often indicate stop-loss hunting below key levels followed by institutional buying.
Trading Guidelines
1. Use sweep signals in conjunction with the overall trend
2. Look for additional confirmation like:
- Volume surge during the sweep
- Price action patterns
- Support/resistance levels
3. Consider the session's volatility and time of day
4. More reliable signals often occur at VAH and VAL levels
5. POC sweeps might indicate stronger reversals due to their significance as fair value levels
Notes
- The indicator works best on higher timeframes (1H and above)
- Sweep signals are more reliable during active market hours
- Consider using multiple timeframe analysis for better confirmation
- Past performance is not indicative of future results
Credits: Original Volume Profile indicator by Leviathan
Sunil 2 Bar Breakout StrategyDetailed Explanation of the Sunil 2 Bar Breakout Strategy
Introduction
The Sunil 2 Bar Breakout Strategy is a simple yet effective price-action-based approach designed to identify breakout opportunities in financial markets. This strategy analyzes the movement of the last three candles to detect momentum and initiates trades in the direction of the breakout. It is equipped with a built-in stop-loss mechanism to protect capital, making it suitable for traders looking for a structured and disciplined trading system.
The strategy works well across different timeframes and asset classes, including indices, stocks, forex, and cryptocurrencies. Its versatility makes it ideal for both intraday and swing trading.
Core Concept
The strategy revolves around two primary conditions: breakout identification and risk management.
Breakout Identification:
Long Trade Setup: The strategy identifies bullish breakouts when:
The current candle's closing price is higher than the previous candle's closing price.
The high of the previous candle is greater than the highs of the two candles before it.
Short Trade Setup: The strategy identifies bearish breakouts when:
The current candle's closing price is lower than the previous candle's closing price.
The low of the previous candle is lower than the lows of the two candles before it.
Risk Management:
Stop-Loss: For each trade, a stop-loss is automatically set:
For long trades, the stop-loss is set to the low of the previous candle.
For short trades, the stop-loss is set to the high of the previous candle.
This ensures that losses are minimized if the breakout fails.
Exit Logic:
The trade is closed automatically when the stop-loss is hit.
This approach maintains discipline and prevents emotional trading.
Strategy Workflow
Entry Criteria:
Long Entry: A long trade is triggered when:
The current close is greater than the previous close.
The high of the previous candle exceeds the highs of the two candles before it.
Short Entry: A short trade is triggered when:
The current close is less than the previous close.
The low of the previous candle is below the lows of the two candles before it.
Stop-Loss Placement:
For long trades, the stop-loss is set at the low of the previous candle.
For short trades, the stop-loss is set at the high of the previous candle.
Trade Management:
Trades are exited automatically if the stop-loss level is hit.
The strategy avoids re-entering trades until new breakout conditions are met.
Default Settings
Position Sizing:
The default position size is set to 1% of the account equity. This ensures proper risk management and prevents overexposure to the market.
Stop-Loss:
Stop-loss levels are automatically calculated based on the previous candle’s high or low.
Timeframes:
The strategy is versatile and works across multiple timeframes. However, it is recommended to test it on 15-minute, 1-hour, and daily charts for optimal performance.
Key Features
Automated Trade Execution:
The strategy handles both trade entry and exit automatically based on pre-defined conditions.
Built-In Risk Management:
The automatic stop-loss placement ensures losses are minimized on failed breakouts.
Works Across Markets:
The strategy is compatible with a wide range of instruments, including indices, stocks, forex, and cryptocurrencies.
Clear Signals:
Entry and exit points are straightforward and based on objective conditions, reducing ambiguity.
Versatility:
Can be used for both day trading and swing trading, depending on the chosen timeframe.
Best Practices for Using This Strategy
Backtesting:
Test the strategy on your chosen instrument and timeframe using TradingView's Strategy Tester to evaluate its performance.
Market Conditions:
The strategy performs best in trending markets or during periods of high volatility. Avoid using it in range-bound or choppy markets.
Position Sizing:
Use the default position size (1% of equity) or adjust based on your risk tolerance and account size.
Instrument Selection:
Focus on instruments with good liquidity and volatility, such as indices (e.g., NIFTY, BANKNIFTY), forex pairs, or major cryptocurrencies (e.g., Bitcoin, Ethereum).
Potential Enhancements
To make the strategy even more robust, consider adding the following optional features:
Stop-Loss Multiplier:
Allow users to customize the stop-loss distance as a multiple of the default level (e.g., 1.5x the low or high of the previous candle).
Take-Profit Levels:
Add user-defined take-profit levels, such as a fixed risk-reward ratio (e.g., 1:2).
Time Filter:
Include an option to restrict trading to specific market hours (e.g., avoid low-liquidity times).
Conclusion
The Sunil 2 Bar Breakout Strategy is an excellent tool for traders looking to capitalize on breakout opportunities while maintaining disciplined risk management. Its simplicity, combined with its effectiveness, makes it suitable for traders of all experience levels. By adhering to the clearly defined rules, traders can achieve consistent results while avoiding emotional trading decisions.
This strategy is a reliable addition to any trader’s toolbox and is designed to work seamlessly across different market conditions and instruments.
[SHK] Schaff Trend Cycle (STC)+RSIstc combinado con rsi para estudiar y obtener diferentes señales de entrada y salida. El rsi da señal de entrada cuando se encuentra sobrevendido y da señal de venta cuando se encuentra sobrecomprado
High with LineThis indicator, High with line, intends to help users mark out the highs of the last 50 candles.
its not a useful indicator, I am just testing something out.
Support me by using my indicator.
Thank you
Elder Force Index ORRITOThe Elder Force Index (EFI) is a momentum indicator that measures the strength of price movements by combining price changes and volume. It helps identify the dominance of bulls or bears, trend strength, and potential reversals. Users can customize the smoothing method (EMA or SMA) and length to suit their trading style. The zero line serves as a reference to distinguish between bullish and bearish forces. This indicator is an effective tool for analyzing market momentum and making informed trading decisions.
