RSI Above 25 Buy and Sell ConditionBuy Signal: Triggered when RSI (25) is above 25, and a new candlestick forms.
Sell Signal: Triggered when RSI (25) falls below 75, and a new candlestick forms.
Small Buttons: We will use plotshape with a small size for the labels and make them as
Candlestick analysis
RSI Above 25 Buy ConditionCopy the script and paste it into the Pine Script Editor on TradingView.
Save the script and click "Add to Chart".
You'll see "BUY" and "SELL" labels on the chart when the conditions are met.
You can also set up alerts for when the conditions trigger (Buy or Sell).
RSI Above 25 Buy ConditionCopy the script and paste it into the Pine Script Editor on TradingView.
Save the script and click "Add to Chart".
You'll see "BUY" and "SELL" labels on the chart when the conditions are met.
You can also set up alerts for when the conditions trigger (Buy or Sell).
RSI Strategy with ButtonsCopy and paste this code into TradingView's Pine Script editor.
Save and click "Add to Chart".
You'll see Buy and Sell labels on the chart when the conditions are met.
RSI Strategy with ButtonsCopy and paste this code into TradingView's Pine Script editor.
Save and click "Add to Chart".
You'll see Buy and Sell labels on the chart when the conditions are met.
RSI Strategy with ButtonsCopy and paste this code into TradingView's Pine Script editor.
Save and click "Add to Chart".
You'll see Buy and Sell labels on the chart when the conditions are met.
Custom RSI StrategyGo to TradingView.
Click on "Pine Editor" at the bottom of the screen.
Paste the code into the editor.
Click "Save" and give the script a name.
Click "Add to Chart" to apply it to your chart
RSI + Chandelier Exit StrategyHere's a brief version of how to paste and apply the code in TradingView:
Go to TradingView.
Click on "Pine Editor" at the bottom of the screen.
Paste the code into the editor.
Click "Save" and give the script a name.
Click "Add to Chart" to apply it to your chart.
RSI + Chandelier Exit StrategyHere's a brief version of how to paste and apply the code in TradingView:
Go to TradingView.
Click on "Pine Editor" at the bottom of the screen.
Paste the code into the editor.
Click "Save" and give the script a name.
Click "Add to Chart" to apply it to your chart.
Ultra Volume High Breakoutser Inputs:
length: Defines the period to calculate the moving average of volume.
multiplier: Sets the threshold above the moving average to consider as "Ultra Volume."
breakoutMultiplier: Allows for customization of breakout sensitivity.
Volume Calculation:
The script calculates a simple moving average (SMA) of the volume for a defined period (length).
It then detects if the current volume is higher than the moving average multiplied by the user-defined multiplier.
Breakout Condition:
The script checks if the price has moved above the highest close of the previous length periods while the volume condition for "Ultra Volume" is true.
Visuals:
The script marks the breakout with an upward label below the bar (plotshape), colored green for easy identification.
Ultra volume is highlighted with a red histogram plot.
Alert Condition:
An alert condition is included to trigger whenever an ultra volume high breakout occurs.
Customization:
You can adjust the length, multiplier, and breakoutMultiplier to fit your strategy and asset volatility.
Alerts can be set in TradingView to notify you when this condition is met.
Let me know if you'd like further customization or explanation!
Combined RSI StrategyGo to TradingView.
Click on "Pine Editor" at the bottom of the screen.
Paste the code into the editor.
Click "Save" and give the script a name.
Click "Add to Chart" to apply it to your chart.
Now, you'll see the Buy and Sell signals on the chart. Optionally, you can set up alerts for Buy/Sell conditions.
Mongoose Market Tracker
**Mongoose Market Tracker**
The **Mongoose Market Sentinel** script is a custom indicator designed to help traders identify unusual market activity that may indicate potential manipulation. This script uses dynamic volume and price action analysis to highlight areas where sudden spikes in volume or irregular candle structures occur.
### Features:
- **Volume Spike Detection**: Flags areas where trading volume significantly deviates from the average, potentially signaling manipulation or abnormal market behavior.
- **Wick-to-Body Ratio Analysis**: Detects candles with disproportionate wicks compared to their bodies, which may indicate price manipulation or liquidity hunting.
- **Auto-Adjusting Thresholds**: Automatically optimizes detection parameters based on the selected time frame, making it suitable for both short-term and long-term analysis.
- **Visual Alerts**: Highlights suspicious activity directly on the chart with clear labels and background coloring, designed for easy readability in dark mode.
- **Customizable Alerts**: Allows users to set notifications for flagged events, ensuring timely awareness of potential risks.
### Intended Use:
This script is a tool for monitoring market behavior and is not a standalone trading strategy. Traders should use it as a supplementary analysis tool alongside other indicators and market knowledge. Always conduct your own research and practice risk management when making trading decisions.
DayTrade with Gap+EMA+VWAPThis script covers 2 timeframe EMAs along with VWAP from session open to identify day trades. works well with gap movers
Engulfing Candlestick StrategyEver wondered whether the Bullish or Bearish Engulfing pattern works or has statistical significance? This script is for you. It works across all markets and timeframes.
The Engulfing Candlestick Pattern is a widely used technical analysis pattern that traders use to predict potential price reversals. It consists of two candles: a small candle followed by a larger one that "engulfs" the previous candle. This pattern is considered bullish when it occurs in a downtrend (bullish engulfing) and bearish when it occurs in an uptrend (bearish engulfing).
Statistical Significance of the Engulfing Pattern:
While many traders rely on candlestick patterns for making decisions, research on the statistical significance of these patterns has produced mixed results. A study by Dimitrios K. Koutoupis and K. M. Koutoupis (2014), titled "Testing the Effectiveness of Candlestick Chart Patterns in Forex Markets," indicates that candlestick patterns, including the engulfing pattern, can provide some predictive power, but their success largely depends on the market conditions and timeframe used. The researchers concluded that while some candlestick patterns can be useful, traders must combine them with other indicators or market knowledge to improve their predictive accuracy.
Another study by Brock, Lakonishok, and LeBaron (1992), "Simple Technical Trading Rules and the Stochastic Properties of Stock Returns," explores the profitability of technical indicators, including candlestick patterns, and finds that simple trading rules, such as those based on moving averages or candlestick patterns, can occasionally outperform a random walk in certain market conditions.
However, Jorion (1997), in his work "The Risk of Speculation: The Case of Technical Analysis," warns that the reliability of candlestick patterns, including the engulfing patterns, can vary significantly across different markets and periods. Therefore, it's important to use these patterns as part of a broader trading strategy that includes other risk management techniques and technical indicators.
Application Across Markets:
This script applies to all markets (e.g., stocks, commodities, forex) and timeframes, making it a versatile tool for traders seeking to explore the statistical effectiveness of the bullish and bearish engulfing patterns in their own trading.
Conclusion:
This script allows you to backtest and visualize the effectiveness of the Bullish and Bearish Engulfing patterns across any market and timeframe. While the statistical significance of these patterns may vary, the script provides a clear framework for evaluating their performance in real-time trading conditions. Always remember to combine such patterns with other risk management strategies and indicators to enhance their predictive power.
Daytrading ES Wick Length StrategyThis Pine Script strategy calculates the combined length of upper and lower wicks of candlesticks and uses a customizable moving average (MA) to identify potential long entry points. The strategy compares the total wick length to the MA with an added offset. If the wick length exceeds the offset-adjusted MA, the strategy enters a long position. The position is automatically closed after a user-defined holding period.
Key Features:
1. Calculates the sum of upper and lower wicks for each candlestick.
2. Offers four types of moving averages (SMA, EMA, WMA, VWMA) for analysis.
3. Allows the user to set a customizable MA length and an offset to shift the MA.
4. Automatically exits positions after a specified number of bars.
5. Visualizes the wick length as a histogram and the offset-adjusted MA as a line.
References:
• Candlestick wick analysis: Nison, S. (1991). Japanese Candlestick Charting Techniques.
• Moving averages: Brock, W., Lakonishok, J., & LeBaron, B. (1992). “Simple Technical Trading Rules and the Stochastic Properties of Stock Returns”. Journal of Finance.
This strategy is suitable for identifying candlesticks with significant volatility and long wicks, which can indicate potential trend reversals or continuations.
Swing & Day Trading Strategy dddddThis TradingView Pine Script is designed for swing and day trading, incorporating multiple technical indicators and tools to enhance decision-making. It calculates and plots exponential moving averages (EMAs) for 5, 9, 21, 50, and 200 periods to identify trends and crossovers. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) provide momentum and overbought/oversold signals. The script dynamically identifies and marks support and resistance levels based on recent highs and lows, while also detecting and labeling key candlestick patterns such as bullish and bearish engulfing, doji, and hammer candles. Bullish and bearish signals are highlighted on the chart with green and red backgrounds, respectively, and alerts are generated to notify traders of these conditions. All visualizations, including EMAs, support/resistance lines, and candlestick labels, are overlaid directly on the stock chart for easy interpretation. This comprehensive approach assists traders in spotting potential trading opportunities effectively.
Simple Volume Profile with POC (Daily/4H Sessions) [Enhanced]Simple Volume Profile with a Point of Control (POC). The script does the following:
Accumulates volume in user-defined “bins” (price buckets) for a session.
Resets the volume accumulation each new “session”:
On a Daily chart, it considers weekly sessions (resets each Monday).
On a 4H chart, it considers daily sessions (resets at the start of each trading day).
Finds the Point of Control (the price bin with the highest accumulated volume).
Plots the histogram and the POC line on the chart.
Daily Volatility Percentageindicator Description:
Daily Volatility Percentage Indicator
This indicator displays the daily volatility percentage of each candle directly on your chart. It calculates the difference between the High and Low prices of each candle and converts it into a percentage relative to the Low price. This allows you to quickly and clearly see how volatile each candle is.
Why This Indicator Is Useful:
Analyze Daily Volatility:
Helps identify high or low volatility, which can signal trading opportunities or elevated risk levels in the market.
Quick Decision-Making:
Displays essential data directly on the chart, eliminating the need for external calculations or tools.
Track Asset Behavior:
Suitable for all asset classes (stocks, crypto, forex, etc.), providing a clear view of market fluctuations over time.
Customizable:
Allows you to adjust the label colors and placement according to your preferences for a more personalized experience.
Who Can Benefit:
Day Traders: To spot high-volatility situations ideal for short-term trades.
Trend Traders: To identify assets becoming more volatile, which might indicate trend reversals.
Long-Term Investors: To find periods of relative stability in market movements.
This indicator is an effective tool for anyone looking to understand market dynamics quickly and efficiently.
Smart Wick Concept (SWC)Smart Wick Concept (SWC)
The Smart Wick Concept (SWC) is a unique trend-following strategy designed to capture precise entry points in trending markets. This indicator identifies trade opportunities based on higher timeframe trends and wick behavior on lower timeframes, making it an effective tool for intraday and swing traders.
Key Features:
Trend Identification:
SWC uses the H1 timeframe to define the primary market trend (bullish or bearish), ensuring alignment with the overall market direction.
Precise Entry Signals:
Entry opportunities are generated on the M15 timeframe when a candle's wick interacts with the prior candle's range. This approach minimizes false signals and enhances accuracy.
Stop Loss and Take Profit Levels:
The indicator automatically calculates suggested stop loss and take profit levels based on market dynamics, providing traders with a clear risk-reward framework.
Customizable Parameters:
SWC allows traders to adjust key settings, such as the higher timeframe and minimum trend range, to align with their trading preferences and market conditions.
How It Works:
Bullish Entry:
Higher timeframe trend must be bullish.
A M15 candle must dip below the previous candle’s low and close back above it, signaling a potential buy opportunity.
Bearish Entry:
Higher timeframe trend must be bearish.
A M15 candle must exceed the previous candle’s high and close back below it, signaling a potential sell opportunity.
Risk Management:
Stop loss is placed at the low (for buys) or high (for sells) of the current M15 candle.
Take profit targets are calculated at twice the risk, ensuring a favorable risk-reward ratio.
Benefits:
Aligns trades with market momentum.
Reduces noise by filtering out weak or sideways trends.
Provides a structured approach to trading XAUUSD and other volatile instruments.
Use Cases:
The Smart Wick Concept is ideal for traders looking for a disciplined and data-driven approach to trading. While it is optimized for XAUUSD, it can also be applied to other trending markets such as major currency pairs or indices with some parameter adjustments.
Disclaimer:
This indicator is a trading tool and should not be used as a standalone strategy. Always backtest the indicator thoroughly and use proper risk management to protect your capital. Past performance does not guarantee future results.
SMC & CMP Indicator v1Fixed missing some SMN candles
The “SMC & CMP Indicator” is a powerful tool designed for traders who seek to capitalize on specific candlestick patterns indicative of potential market reversals or consolidations. This versatile indicator combines the detection of SMC (Significant Market Change) patterns and CMP (Compensation Point) candles into a single, user-friendly tool. It allows traders to independently monitor bullish, bearish, or both types of patterns simultaneously, depending on their trading strategies.
Features
• Dual Functionality: Seamlessly integrates two popular trading indicators – SMC and CMP – providing comprehensive market analysis.
• Customizable Settings: Users can choose to activate alerts for bullish, bearish, or both conditions for each type of pattern. This feature offers unmatched flexibility in tailoring the tool to various trading styles and market conditions.
• Visual Clarity: Uses distinct colors and markers to highlight the identified patterns directly on the trading chart, enhancing the visual experience and making it easier to spot potential trading opportunities.
• Adjustable Timeframes: Compatible with multiple timeframes, this indicator can be adjusted to work on minute-based intervals such as 15, 30, and 60 minutes, making it suitable for day traders and swing traders alike.
• Transparency and Precision: Each pattern type (SMC and CMP) is clearly defined within the script, ensuring that traders understand exactly what is being detected and displayed.
Use Case
The indicator is ideal for traders who:
• Monitor multiple patterns and require an efficient way to manage these observations without switching between different tools.
• Desire an in-depth analysis of market conditions to make informed decisions based on established candlestick patterns.
• Appreciate a clean and organized chart without the clutter of multiple indicators.
Technical Details
• SMC Detection: Identifies engulfing patterns where the current candle completely overlaps the range of the previous candle.
• CMP Detection: Looks for candles where the current candle’s high is lower and the low is higher than the previous one, indicating a pause or shift in market momentum.
• Color Coding: Bullish patterns are marked with a light blue color (#9cf5fb) at 20% transparency, while bearish patterns are highlighted in purple (#9a74e2) with similar transparency settings, aiding quick identification.
Edufx AMD~Accumulation, Manipulation, DistributionEdufx AMD Indicator
This indicator visualizes the market cycles using distinct phases: Accumulation, Manipulation, Distribution, and Reversal. It is designed to assist traders in identifying potential entry points and understanding price behavior during these phases.
Key Features:
1. Phases and Logic:
-Accumulation Phase: Highlights the price range where market accumulation occurs.
-Manipulation Phase:
- If the price sweeps below the accumulation low, it signals a potential "Buy Zone."
- If the price sweeps above the accumulation high, it signals a potential "Sell Zone."
-Distribution Phase: Highlights where price is expected to expand and establish trends.
-Reversal Phase: Marks areas where the price may either continue or reverse.
2. Weekly and Daily Cycles:
- Toggle the visibility of Weekly Cycles and Daily Cycles independently through the settings.
- These cycles are predefined with precise timings for each phase, based on your selected on UTC-5 timezone.
3. Customizable Appearance:
- Adjust the colors for each phase directly in the settings to suit your preferences.
- The indicator uses semi-transparent boxes to represent the phases, allowing easy visualization without obstructing the chart.
4. Static Boxes:
- Boxes representing the phases are drawn only once for the visible chart range and do not dynamically delete, ensuring important consistent reference points.
Machine Learning: Lorentzian Classification ThomasMachine Learning: Lorentzian Classification Thomas
