Moving Average Exponential with Buy/SellThe Enhanced EMA Signals Indicator is a powerful trend-following tool designed to help traders identify potential buy and sell opportunities based on the crossover of two Exponential Moving Averages (EMAs). It provides clear visual cues, customizable settings, and alert notifications to enhance trading efficiency.
指数移動平均 (EMA)
EMA Cross🔥EMA Cross – Multi-Timeframe Trend & Crossover Indicator⚡
📌 Overview
The EMA Cross Indicator is a trend-following tool designed to help traders identify market trends and potential trade opportunities using Exponential Moving Averages (EMAs). It provides clear crossover signals, allowing traders to spot trend reversals and momentum shifts with precision.
📌 Concept & Working Mechanism
1. Multi-Timeframe EMAs:
- Plots two customizable EMAs (Fast EMA & Slow EMA) that can be set to any timeframe.
- Helps traders determine short-term and long-term trend direction.
2. EMA Crossover Signals:
- Golden Cross (Bullish Signal): Occurs when the fast EMA crosses above the slow EMA, indicating a potential uptrend.
- Death Cross (Bearish Signal): Occurs when the fast EMA crosses below the slow EMA, signaling a possible downtrend.
3. Customizable Crossover Alerts:
- Choose from different shapes (arrow, triangle, circle, cross) to highlight EMA crossovers for better visualization.
- Helps traders quickly recognize trend shifts on the chart.
4. Dynamic Trend Adaptation:
- Supports timeframe selection to analyze trends from different perspectives.
- Works across all asset classes, including Forex, Crypto, Stocks, and Commodities.
📌 How to Use
1- Trend Confirmation: Use the EMA direction and crossover signals to validate trend strength.
2- Entry & Exit Strategy:
3- Enter long trades after a Golden Cross, indicating bullish momentum.
4- Enter short trades after a Death Cross, signaling bearish pressure.
5- Custom Alerts & Visuals: Customize crossover signals for clear trade identification.
📌 Why Use This Indicator?
✅ Multi-timeframe EMAs for accurate trend analysis.
✅ Clear crossover signals for easy trade execution.
✅ Customizable shapes for crossover visualization.
✅ Works on all markets and trading styles.
Gamified Trading Adventure**Overview**
This script combines *technical market analysis* with *gamified elements* to make charting more engaging.
- It tracks each trade as part of a “battle,” awarding points or penalties based on whether you achieve a take profit (TP) or hit a stop loss (SL).
- A dynamic factor (*tf_factor*) automatically adjusts indicator lengths and volatility parameters based on the current chart’s timeframe.
**Core Logic & How It Works**
1. **Dynamic Timeframe Scaling**
- Uses a base 5-minute reference to compute a *tf_factor*.
- Automatically adjusts EMA, RSI, and ATR lengths to ensure consistency across different timeframes.
2. **Market Regime Detection**
- **ADX & DI Lines** measure trend strength and direction (e.g., strong trend, choppy, or mean reversion).
- *Volume Trend* confirms momentum or highlights low volatility phases.
- *RSI Extremes* help identify overbought/oversold levels for potential mean-reversion entries.
3. **Entry & Exit Signals**
- Signals appear upon regime changes (e.g., bullish or bearish shift).
- Dynamic SL/TP lines are plotted using *ATR* and further scaled by market conditions (strong trend → wider stops, mean reversion → tighter stops).
**Gamification Features**
- Choose a **Character Type** (e.g., *Trader, Hunter, Knight*) and a **Difficulty** mode (e.g., *Easy, Balanced, Hard*).
- Track **Score, Win Streaks, Success Rate**; unlock achievements like “First Trade” or “3-Win Streak.”
- Gain *experience points* to level up your “trader” persona.
**How to Use**
- **Apply this script** on any timeframe.
- **Watch for signals** (Buy/Sell markers) and their associated SL/TP levels.
- **Check the game stats** table (if enabled) to see your total score, achievements, and rank.
**Tips & Best Practices**
- Combine this indicator with your own risk management rules and possibly other confluence signals.
- Use alerts to be notified of new signals without staying glued to the screen.
- Disable or enable *animations* and *achievements* as you prefer for a cleaner or more fun chart experience.
VWAP Horizon Suite Optimized - CoffeeKillerVWAP Horizon Suite Optimized - User Guide
Overview
The VWAP Horizon Suite Optimized is a comprehensive technical analysis tool for TradingView designed to enhance your trading strategy with Volume Weighted Average Price (VWAP) analysis, standard deviation bands, and customizable Exponential Moving Averages (EMAs). This indicator provides a robust framework for identifying potential support and resistance levels, price momentum, and market trends.
Key Features
- **Daily VWAP with Session Reset**: Automatically resets at 17:00 (5:00 PM) each day
- **Customizable Standard Deviation/Percentage Bands**: Up to 3 bands above and below VWAP
- **High/Low Point Detection**: Visual markers for significant price levels
- **Multiple Customizable EMAs**: 8 different EMAs that can be individually toggled and styled
- **Visual Customization**: Adjustable colors, fills, and styles for all elements
VWAP Settings
- **Source**: Determines the price data used to calculate VWAP (default: HLC3 - High, Low, Close average)
Bands Settings
- **Bands Calculation Mode**: Choose between "Standard Deviation" or "Percentage" methods
- **Show Band #1, #2, #3**: Toggle visibility for each band
- **Band Multiplier #1, #2, #3**: Adjust the distance from VWAP (in standard deviations or percentage)
- **Show Fills**: Enable colored fills between bands for better visualization
Visualization Settings
- **Show High/Low Markers**: Display diamond markers for local high and low points relative to VWAP, these reset based on the price crossing the VWAP Line.
EMA Settings
The indicator provides 8 customizable EMAs (8, 13, 21, 26, 48, 50, 100, and 200) with individual controls:
- **Show EMA X**: Toggle visibility for each EMA
- **EMA X Period**: Adjust the period length for calculation
- **EMA X Color**: Customize the color of each EMA
- **EMA Line Width**: Set the width for all EMA lines
How to Use
Basic VWAP Analysis
The core VWAP line (blue) represents the average price weighted by volume since the start of the session (17:00 daily reset). This serves as a dynamic support/resistance level and reference point for intraday trading.
1. **Price above VWAP**: Generally bullish short-term sentiment
2. **Price below VWAP**: Generally bearish short-term sentiment
3. **Crosses of VWAP**: Potential shift in short-term momentum
Standard Deviation Bands
The bands surrounding VWAP help identify potential support, resistance, and volatility levels:
- **Band #1 (±1σ)**: Price often reverts to VWAP when reaching these levels
- **Band #2 (±2σ)**: Stronger support/resistance areas, possible reversal zones
- **Band #3 (±3σ)**: Extreme price levels, often indicating overbought/oversold conditions
High/Low Point Detection
Purple and yellow diamond markers identify significant swing highs and lows relative to VWAP, helping you recognize potential reversal points or continuation patterns. (These repaint in a effort to find the max high/low point from the VWAP Line)
EMA Strategy
The customizable EMAs can be used to:
- Find potential support/resistance levels
- Create crossover systems
- Analyze market structure
Common EMA combinations include:
- 8 & 21 for short-term trends
- 50 & 200 for long-term trends and the "Golden Cross/Death Cross"
- 13 & 48 for the "New Golden Cross" - a modern alternative gaining popularity among traders
- 8, 13, 21 for complex short-term momentum analysis
Advanced Usage Tips
For Day Traders
1. **Opening Range Analysis**: Watch how price reacts to VWAP in the first hour of trading
2. **VWAP Reversions**: Look for trades when price touches outer bands and reverses toward VWAP
3. **Band Breakouts**: Strong moves beyond Band #2 may indicate momentum for continuation
For Swing Traders
1. **Use alongside daily/weekly support-resistance levels**
2. **Combine with EMA crossovers for trend confirmation**
3. **Identify potential reversal zones where price reaches Band #3**
Combined Strategies
- **EMA + VWAP Confluence**: Strong signals occur when EMA lines and VWAP/bands align at the same price level
- **High/Low + Band Touch**: When a high/low marker appears near a band, it may indicate a stronger support/resistance level
Conclusion
The VWAP Horizon Suite Optimized provides a comprehensive set of tools for price analysis based on volume-weighted data and exponential averages. By understanding and properly configuring the various components, you can create a powerful visual framework for identifying potential trading opportunities across multiple timeframes.
Remember that no indicator provides perfect signals, and the VWAP Horizon Suite works best when used as part of a complete trading strategy that includes risk management, multiple confirmation tools, and proper analysis of market conditions.
DISCLAIMER
**DISCLAIMER: This indicator and its signals are intended solely for educational and informational purposes. They do not constitute financial advice. Trading involves significant risk of loss. Always conduct your own analysis and consult with financial professionals before making trading decisions.**
RSI Signal with filters by S.Kodirov📌 English
RSI Signal with Multi-Timeframe Filters
This TradingView indicator generates RSI-based buy and sell signals on the 15-minute timeframe with additional filtering from other timeframes (5M, 30M, 1M).
🔹 Signal Types:
✅ 15/5B & 15/5S – RSI 15M filtered by 5M
✅ 15/30/1B & 15/30/1S – RSI 15M filtered by 30M & 1M
✅ 15B & 15S – RSI 15M without filters
🔹 How It Works:
Signals are displayed as colored triangles on the chart.
Labels indicate the type of signal (e.g., 15/5B, 15S).
Alerts notify users when a signal appears.
🚀 Best for short-term trading with RSI confirmation from multiple timeframes!
📌 Русский
Индикатор RSI с мульти-таймфрейм фильтрами
Этот индикатор для TradingView генерирует сигналы покупки и продажи на 15-минутном таймфрейме, используя фильтрацию с других таймфреймов (5M, 30M, 1M).
🔹 Типы сигналов:
✅ 15/5B & 15/5S – RSI 15M с фильтром 5M
✅ 15/30/1B & 15/30/1S – RSI 15M с фильтрами 30M и 1M
✅ 15B & 15S – RSI 15M без фильтров
🔹 Как это работает:
Сигналы отображаются как цветные треугольники на графике.
Подписи показывают тип сигнала (например, 15/5B, 15S).
Алерты уведомляют трейдера о появлении сигнала.
🚀 Идеально для краткосрочной торговли с подтверждением RSI на нескольких таймфреймах!
📌 O'zbekcha
Ko'p vaqt oralig‘idagi RSI signallari
Ushbu TradingView indikatori 15 daqiqalik vaqt oralig‘ida RSI asosida sotib olish va sotish signallarini yaratadi. Bundan tashqari, boshqa vaqt oralig‘idagi (5M, 30M, 1M) RSI filtrlarini ham hisobga oladi.
🔹 Signal turlari:
✅ 15/5B & 15/5S – 5M bilan filtrlangan RSI 15M
✅ 15/30/1B & 15/30/1S – 30M va 1M bilan filtrlangan RSI 15M
✅ 15B & 15S – Filtrsiz RSI 15M
🔹 Qanday ishlaydi?
Signallar rangli uchburchaklar shaklida ko‘rsatiladi.
Yozuvlar signal turini ko‘rsatadi (masalan, 15/5B, 15S).
Xabarnomalar yangi signal paydo bo‘lganda treyderni ogohlantiradi.
🚀 Ko‘p vaqt oralig‘ida RSI tasdig‘i bilan qisqa muddatli savdo uchun ideal!
Date Display with Bar Counter and EMA===== ENGLISH DESCRIPTION =====
OVERVIEW:
This is a multi-function indicator that combines three useful tools in one script:
1. Date Display - Shows current date and symbol information in a customizable table
2. Bar Counter - Displays sequential bar numbers at specified intervals
3. EMA (Exponential Moving Average) - Plots an EMA line with customizable settings
FEATURES:
1. DATE DISPLAY:
- Shows date in full format (e.g., "Mon ∙ January 1, 2023") or short format (e.g., "Mon ∙ 01.01.23")
- Option to show/hide day of week
- Option to show/hide symbol and timeframe information
- Customizable table position (top/middle/bottom, left/center/right)
- Automatic color adjustment based on chart background
2. BAR COUNTER:
- Displays sequential bar numbers below price bars
- Customizable display frequency (every X bars)
- Special handling for Hong Kong futures (resets at market open)
- Different reset logic based on timeframe (daily, weekly, monthly)
- Customizable text size and color
3. EMA INDICATOR:
- Customizable period length (default: 20)
- Option to use different timeframe for calculation
- Option to wait for timeframe close for more stable signals
- Customizable line color
USAGE INSTRUCTIONS:
- After adding the indicator to your chart, customize settings in the "Format" panel
- The Date Display table will appear at your chosen position on the chart
- Bar numbers will appear below price bars at your specified frequency
- The EMA line will be plotted on the chart with your chosen settings
- Colors automatically adjust to light/dark chart themes
===== 中文说明 =====
概述：
这是一个多功能指标，将三个实用工具合并为一个脚本：
1. 日期显示 - 在可自定义的表格中显示当前日期和交易品种信息
2. K线计数器 - 按指定间隔显示K线序号
3. EMA指数移动平均线 - 绘制可自定义设置的EMA线
功能特点：
1. 日期显示：
- 支持完整格式（如"Mon ∙ January 1, 2023"）或简短格式（如"Mon ∙ 01.01.23"）
- 可选择显示/隐藏星期几
- 可选择显示/隐藏交易品种和时间周期信息
- 可自定义表格位置（顶部/中部/底部，左侧/中间/右侧）
- 根据图表背景自动调整颜色
2. K线计数器：
- 在价格K线下方显示序号
- 可自定义显示频率（每X根K线）
- 对香港期货有特殊处理（在开市时重置）
- 根据时间周期（日线、周线、月线）使用不同的重置逻辑
- 可自定义文字大小和颜色
3. EMA指标：
- 可自定义周期长度（默认：20）
- 可选择使用不同的时间周期进行计算
- 可选择等待时间周期结束以获得更稳定的信号
- 可自定义线条颜色
使用说明：
- 将指标添加到图表后，在"格式"面板中自定义设置
- 日期显示表格将出现在您选择的图表位置
- K线序号将按您指定的频率显示在价格K线下方
- EMA线将根据您选择的设置绘制在图表上
- 颜色会根据浅色/深色图表主题自动调整
*/
Candle Trend ConfirmationCandle Trend Confirmation Indicator
The "Candle Trend Confirmation" indicator This indicator leverages an Exponential Moving Average (EMA) to visually confirm market trends through dynamic coloring of the EMA line, a shading effect, and candle color changes. It aims to help traders quickly identify strong trends and consolidation phases, enhancing decision-making in various market conditions.
Key Features
Customizable EMA Period:
Traders can adjust the EMA period via an input parameter, with a default setting of 20 periods. This flexibility allows the indicator to adapt to different timeframes and trading strategies.
Pip Threshold for Trend Strength:
A user-defined pip threshold (default set to 0.02) determines the distance from the EMA required to classify a trend as "strong." This parameter can be fine-tuned to suit specific instruments, such as forex pairs, cryptocurrencies, or stocks, where pip values may differ.
Trend Detection Logic:
Strong Uptrend: The closing price must be above the EMA by at least the pip threshold (e.g., 2 pips) and show consistent upward movement over the last three bars (current close > previous close > close two bars ago).
Strong Downtrend: The closing price must be below the EMA by at least the pip threshold and exhibit consistent downward movement over the last three bars.
Consolidation: Any price action that doesn’t meet the strong trend criteria is classified as a consolidation phase.
Dynamic Coloring:
EMA Line: Displayed using the line.new function, the EMA changes color based on trend conditions: green for a strong uptrend, red for a strong downtrend, and purple for consolidation. The line is drawn only for the most recent bar to maintain chart clarity.
Candles: Candlestick colors mirror the trend state—green for strong uptrends, red for strong downtrends, and purple for consolidation—using the barcolor function, providing an immediate visual cue.
Shading Effect: Two dashed lines are drawn above and below the EMA (at half the pip threshold distance) to create a subtle shading zone. These lines adopt a semi-transparent version of the EMA’s color, enhancing the visual representation of the trend’s strength.
How It Works
The indicator calculates the EMA based on the closing price and compares the current price to this average. By incorporating a pip-based threshold and a three-bar confirmation, it filters out noise and highlights only significant trend movements. The use of line.new instead of plot ensures compatibility with certain TradingView environments and offers a lightweight way to render the EMA and shading lines on the chart.
Usage
Trend Identification: Green signals a strong bullish trend, ideal for potential long entries; red indicates a strong bearish trend, suitable for short opportunities; purple suggests a range-bound market, where caution or range-trading strategies may apply.
Customization: Adjust the EMA period and pip threshold in the indicator settings to match your trading style or the volatility of your chosen market. For example, forex traders might set the threshold to 0.0002 for 2 pips on EUR/USD, while crypto traders might use 2.0 for BTC/USD.
Visual Clarity: The combination of EMA coloring, shading, and candle highlights provides a comprehensive view of market dynamics at a glance.
WAVES II by WestmontWAVES II by Westmont is a next-generation evolution of the original WAVES indicator, designed to offer improved responsiveness , enhanced functionality , and clearer visual clarity . By incorporating advanced momentum filtering and smoother transitions in the VWAP (Volume Weighted Average Price) area , WAVES II provides users with a more dynamic and actionable tool for market analysis.
This indicator introduces new methodologies , visual enhancements , and advanced forecasting capabilities , making it an ideal tool for traders seeking faster insights and sharper reactions to market movements.
Key Features of WAVES II
WaveTrend Calculation
The core of WAVES II is the WaveTrend , which is calculated using the HLC3 (High + Low + Close) price .
The WaveTrend is smoothed through two processes:
EMA (Exponential Moving Average): Applied to the HLC3 to capture faster price movements .
SMA (Simple Moving Average): Applied to the first wave to smooth out shorter-term fluctuations.
VWAP Area Crossover
WAVES II calculates the VWAP area by subtracting the second wave from the first .
The indicator detects when this VWAP area crosses key levels :
Bullish Signal : When the VWAP area crosses upward with positive momentum.
Bearish Signal : When the VWAP area crosses downward with negative momentum.
Momentum Detection
Momentum is calculated by measuring the price change between bars and smoothing this change over a short period .
Positive momentum signals increasing price movement , while negative momentum indicates a slowing or reversing trend .
This momentum detection filters out weaker price movements , highlighting only the significant trend shifts and giving users confirmation of market movements.
Visual Enhancements
Glowing VWAP Lines : The VWAP area is plotted with multiple layers of colors, gradually fading in opacity. This highlights areas of strong price movement and reversals.
Fading Gradient Effect : The VWAP line is filled with a gradient that adjusts its opacity based on the distance from the center line, visually indicating market strength and reinforcing key levels.
VWAP Projection
WAVES II projects the VWAP area forward , based on its recent slope, to offer a forward-looking view of potential price movements. This projection helps traders anticipate short-term market direction and react faster to potential trend changes.
Key Differences Between WAVES and WAVES II
Smoothing and WaveTrend Calculation Adjustments
WAVES : Uses fixed smoothing parameters for WaveTrend calculation, resulting in a relatively stable and slower response to market changes.
The first smoothing (wavetrend1) uses an EMA with a fixed length.
The second smoothing (wavetrend2) uses a simple moving average (SMA) with a fixed length.
WAVES II : Introduces more responsive settings like smoothing_length, deviation_length, first_wave_length, and second_wave_length for faster reaction times to market movements. These adjustments make WAVES II ideal for traders who need quicker feedback and sharper market transitions.
Momentum Detection
WAVES : Does not incorporate momentum-based logic, relying only on the VWAP area and its relationship to historical values.
WAVES II : Adds momentum detection, which calculates the difference between current and previous price movements, smoothed over a defined period. This helps identify bullish and bearish trends more accurately, providing additional confirmation and improving signal reliability.
VWAP Area Cross Detection
WAVES : Detects VWAP area crossovers based on recent high and low values.
WAVES II : Refines cross detection by incorporating a momentum filter. A Bullish cross is confirmed when the VWAP area crosses upwards with positive momentum, while a Bearish cross is confirmed when it crosses down with negative momentum. This dual-condition approach enhances signal accuracy and offers better context for trade decisions.
Plotting and Visualization
WAVES : Plots the VWAP line, center line, and uses color transitions for VWAP area fills to represent market conditions.
WAVES II : Introduces a multi-layer glow effect for the VWAP line, with varying opacities, creating a visually dynamic experience. The gradient glow effect provides a clearer representation of market strength and proximity to the center line, making it easier to spot market shifts and interpret momentum at a glance.
Why WAVES II Was Created as a Separate Indicator
New Features and Functionality :
WAVES II introduces key features like momentum detection and VWAP projections , which significantly alter how the indicator operates. These are not minor updates but represent a shift in how the tool functions , providing faster and more detailed insights for traders. WAVES II gives traders sharper market feedback with improved responsiveness to price changes.
Targeted for Different Trading Styles :
WAVES II is aimed at traders who need faster reactions and more dynamic , reliable signals . While WAVES remains a solid choice for those who prefer a more stable, traditional approach, WAVES II caters to traders who require quicker feedback and more granular market insights. By offering both tools, traders can select the one that aligns with their style, whether that’s for faster decision-making or a more conservative approach .
Visual Clarity :
The enhanced visual effects in WAVES II, such as the multi-layer glow and gradient VWAP transitions , offer greater clarity and a more intuitive charting experience . These visual improvements allow traders to quickly interpret changes in the market, making WAVES II a more effective tool for detailed and actionable market analysis.
Clear Value for Traders :
WAVES II brings significant enhancements over the original WAVES, including more advanced features , faster momentum detection , and better visual representation of market dynamics . This makes WAVES II a more powerful tool for traders seeking dynamic market insights . It is an ideal choice for those who need quicker and more reliable feedback than traditional tools can provide.
How to Use WAVES II
Users can watch for WaveTrend crossovers (when the line crosses 0) and VWAP area dots (bullish or bearish) to spot potential buy or sell signals.
Users can use momentum to confirm signals, helping you identify whether the market is gaining or losing strength.
WAVES II offers advanced features , faster responsiveness , and clearer visuals compared to the original WAVES indicator. By introducing momentum detection and refining the handling of VWAP crossovers , WAVES II enhances the overall trading experience, providing more dynamic, actionable insights for traders. While WAVES remains an excellent tool for those who prefer a simpler, more stable approach, WAVES II is designed for traders who seek a more detailed , faster-reacting tool for market analysis.
Supertrend and Fast and Slow EMA StrategyThis strategy combines Exponential Moving Averages (EMAs) and Average True Range (ATR) to create a simple, yet effective, trend-following approach. The strategy filters out fake or sideways signals by incorporating the ATR as a volatility filter, ensuring that trades are only taken during trending conditions. The key idea is to buy when the short-term trend (Fast EMA) aligns with the long-term trend (Slow EMA), and to avoid trades during low volatility periods.
How It Works:
EMA Crossover:
1). Buy Signal: When the Fast EMA (shorter-term, e.g., 20-period) crosses above the Slow EMA (longer-term, e.g., 50-period), this indicates a potential uptrend.
2). Sell Signal: When the Fast EMA crosses below the Slow EMA, this indicates a potential downtrend.
ATR Filter:
1). The ATR (Average True Range) is used to measure market volatility.
2). Trending Market: If the ATR is above a certain threshold, it indicates high volatility and a trending market. Only when ATR is above the threshold will the strategy generate buy/sell signals.
3). Sideways Market: If ATR is low (sideways or choppy market), the strategy will suppress signals to avoid entering during non-trending conditions.
When to Buy:
1). Condition 1: The Fast EMA crosses above the Slow EMA.
2). Condition 2: The ATR is above the defined threshold, indicating that the market is trending (not sideways or choppy).
When to Sell:
1). Condition 1: The Fast EMA crosses below the Slow EMA.
2). Condition 2: The ATR is above the defined threshold, confirming that the market is in a downtrend.
When Not to Enter the Trade:
1). Sideways Market: If the ATR is below the threshold, signaling low volatility and sideways or choppy market conditions, the strategy will not trigger any buy or sell signals.
2). False Crossovers: In low volatility conditions, price action tends to be noisy, which could lead to false signals. Therefore, avoiding trades during these periods reduces the risk of false breakouts.
Additional Factors to Consider Adding:
=> RSI (Relative Strength Index): Adding an RSI filter can help confirm overbought or oversold conditions to avoid buying into overextended moves or selling too low.
1). RSI Buy Filter: Only take buy signals when RSI is below 70 (avoiding overbought conditions).
2). RSI Sell Filter: Only take sell signals when RSI is above 30 (avoiding oversold conditions).
=> MACD (Moving Average Convergence Divergence): Using MACD can help validate the strength of the trend.
1). Buy when the MACD histogram is above the zero line and the Fast EMA crosses above the Slow EMA.
2). Sell when the MACD histogram is below the zero line and the Fast EMA crosses below the Slow EMA.
=> Support/Resistance Levels: Adding support and resistance levels can help you understand market structure and decide whether to enter or exit a trade.
1). Buy when price breaks above a significant resistance level (after a valid buy signal).
2). Sell when price breaks below a major support level (after a valid sell signal).
=> Volume: Consider adding a volume filter to ensure that buy/sell signals are supported by strong market participation. You could only take signals if the volume is above the moving average of volume over a certain period.
=> Trailing Stop Loss: Instead of a fixed stop loss, use a trailing stop based on a percentage or ATR to lock in profits as the trade moves in your favor.
=> Exit Signals: Besides the EMA crossover, consider adding Take Profit or Stop Loss levels, or even using a secondary indicator like RSI to signal an overbought/oversold condition and exit the trade.
Example Usage:
=> Buy Example:
1). Fast EMA (20-period) crosses above the Slow EMA (50-period).
2). The ATR is above the threshold, confirming that the market is trending.
3). Optionally, if RSI is below 70, the buy signal is further confirmed as not being overbought.
=> Sell Example:
1). Fast EMA (20-period) crosses below the Slow EMA (50-period).
2). The ATR is above the threshold, confirming that the market is trending.
3). Optionally, if RSI is above 30, the sell signal is further confirmed as not being oversold.
Conclusion:
This strategy helps to identify trending markets and filters out sideways or choppy market conditions. By using Fast and Slow EMAs combined with the ATR volatility filter, it provides a reliable approach to catching trending moves while avoiding false signals during low-volatility, sideways markets.
Bollinger Bands + EMA 200 + EMA 50This indicator combines three technical analysis tools: the Bollinger Bands (BB), and two Exponential Moving Averages (EMA) with periods of 200 and 50.
Bollinger Bands (BB): This indicator consists of three lines—the middle line being a simple moving average (SMA), and the upper and lower bands representing two standard deviations above and below the SMA. The width of the bands indicates market volatility, with wider bands signifying higher volatility and narrower bands indicating lower volatility.
Exponential Moving Averages (EMA 200 and EMA 50): The EMA is a type of moving average that gives more weight to recent prices, making it more responsive to price changes than the simple moving average. The EMA 200 is considered a long-term trend indicator, often used to identify the overall direction of the market. The EMA 50 is a medium-term trend indicator, helping to spot more immediate market trends. Crossovers between these two EMAs (such as when EMA 50 crosses above EMA 200) are commonly used as buy or sell signals, with the idea that a short-term trend shift is occurring.
By combining these three indicators, this custom Pine Script aims to give a comprehensive view of the market conditions, helping traders to understand both the volatility (via BB), the long-term market trend (via EMA 200), and the medium-term trend (via EMA 50). The interaction between the price and these indicators, along with crossovers, can be used to identify potential entry and exit points.
200 EMA AlertHow It Works:
The 200 EMA calculates the average price over the last 200 periods, giving more weight to recent price movements for a smoother and more responsive trend line.
It helps traders determine whether the market is in a bullish (above 200 EMA) or bearish (below 200 EMA) phase.
Why Traders Use the 200 EMA:
✅ Trend Confirmation – If the price is above the 200 EMA, the trend is bullish; if below, the trend is bearish.
✅ Dynamic Support & Resistance – Price often reacts around the 200 EMA, making it a key level for entries and exits.
✅ Works on All Timeframes – Whether on the 1-minute chart or the daily timeframe, the 200 EMA is effective for scalping, swing trading, and long-term investing.
✅ Easy to Combine with Other Indicators – Traders pair it with RSI, MACD, or price action for stronger confirmation.
How to Use It in Trading:
📌 Trend Trading – Buy when price pulls back to the 200 EMA in an uptrend; sell when price retests it in a downtrend.
📌 Breakout Strategy – A strong candle breaking above/below the 200 EMA signals a possible trend reversal.
📌 Filtering Trades – Many traders only take long trades above and short trades below the 200 EMA to align with the overall market trend.
Conclusion:
The 200 EMA is an essential indicator for traders of all levels, offering clear trend direction, strong support/resistance zones, and trade filtering for better decision-making. Whether you're trading forex, stocks, or crypto, mastering the 200 EMA can give you a significant edge in the markets. 🚀📈
EMA Adaptive Trailing StopThe EMA Adaptive Trailing Stop Strategy is a versatile and comprehensive Pine Script designed for TradingView. This script provides an adaptive trailing stop mechanism that leverages the Exponential Moving Average (EMA) to adjust trailing stops based on market conditions. The strategy dynamically switches between trending and ranging markets by utilizing both Average True Range (ATR) and Average Directional Index (ADX) to detect market conditions.
Key Features:
EMA-Based Trailing Stop:
The script uses the EMA value to set trailing stops precisely. The EMA offers a more responsive calculation to price changes, ensuring closer and more accurate trailing stops that follow market movements effectively.
Market Condition Detection:
The script employs ATR and ADX to distinguish between trending and ranging markets. ATR measures market volatility, while ADX gauges trend strength. The combination of these two indicators provides a more accurate market condition detection.
Customizable Settings:
The script offers various flexible parameters to adjust EMA length, multipliers, and ATR length. Users can customize these settings according to their preferences and trading strategy.
Two Modes:
The script adapts to market conditions by providing two modes: trending mode and ranging mode. In trending mode, the trailing stop is tighter to follow price movements closely, whereas in ranging mode, the trailing stop is looser to accommodate lower volatility.
Entry and Exit Conditions:
The script detects market conditions to set buy and sell signals. These conditions include the calculations of EMA, ATR, and ADX to ensure the signals generated are valid and profitable.
Alerts:
The script provides buy and sell signals through alert conditions for efficient trade management. Users can enable these alerts to get real-time notifications when valid buy or sell signals are detected.
Suitable for Scalping and Swing Trading:
The script is well-suited for both scalping and swing trading strategies. Scalpers can benefit from the responsive and tighter trailing stops during trending conditions, while swing traders can take advantage of the adaptive and looser trailing stops during ranging conditions, allowing them to capture larger price movements.
Explanation of Mode 1 and Mode 2:
Mode 1: Trending Market:
In this mode, the market is identified as trending based on the ADX and ATR values.
LONG 1: This label indicates a buy signal in the trending market mode. It signifies that the trailing stop has been activated and a long position (buy) should be taken when the market is trending.
SHORT 1: This label indicates a sell signal in the trending market mode. It signifies that the trailing stop has been activated and a short position (sell) should be taken when the market is trending.
Mode 2: Ranging Market:
In this mode, the market is identified as ranging based on the ADX and ATR values.
LONG 2: This label indicates a buy signal in the ranging market mode. It signifies that the trailing stop has been activated and a long position (buy) should be taken with a looser trailing stop when the market is ranging.
SHORT 2: This label indicates a sell signal in the ranging market mode. It signifies that the trailing stop has been activated and a short position (sell) should be taken with a looser trailing stop when the market is ranging.
Technical Usage:
Variable Initialization:
The script initializes variables to store values such as trailing stop, long position status, and short position status.
Market Condition Detection:
The script calculates ATR and ADX values to detect whether the market is trending or ranging. This includes the use of f_adx function to calculate ADX values and determine market conditions.
EMA-Based Trailing Stop Calculation:
The script adjusts the trailing stop based on EMA values and ATR. The calculation involves customizable multipliers and parameters that influence the trailing stop's precision.
Plot Trailing Stop:
The script displays the trailing stop on the chart for clear visualization. This includes plotting the trailing stop line with appropriate colors to indicate long and short positions.
Entry and Exit Conditions:
The script determines the entry (buy) and exit (sell) conditions based on market condition detection and trailing stop settings. These conditions are crucial for generating valid buy or sell signals.
Plotshape and Alert:
The script provides plotshapes for buy and sell signals and sets up alert conditions for real-time notifications when a valid buy or sell signal is detected.
POC-Candle-EMA-ATR-LongShadow-50percCandleThis is a script for those who trade based on volume and smart money strategies.
Some of the features of this script:
- Display "Time Price Opportunity Chart". These points help traders to identify price opportunities over time and have a better analysis of the market.
- Mark candles that have traded more volume than previous candles.
- Mark candles whose body is at least and not more than 50% of the total candle size, these candles can be found more easily in smart money strategies.
- Mark spike candles to find FVG faster
- Mark candles that have a shadow of at least more than 380 points and can be good reversal points.
- EMA indicator to check the market trend
- DonchianChannel indicator to check the price trend on the chart
Regards
IBS (Internal Bar Strength) Trading Strategy for SPY and NDQImplementation by AlgoTradeKit
Overview
The IBS Trading Strategy is a daily bars long-only trading system, based on the concept of Internal Bar Strength (IBS). The strategy aims to identify potential reversals by monitoring how the previous bar’s close positions itself within its high-low range. It is suitable for stock and US indices. The default parameters are optimized for SPY/SPX and NDQ/QQQ
Strategy Concept
The Internal Bar Strength (IBS) is calculated using the formula:
IBS = (Previous Close - Previous Low) / (Previous High - Previous Low)
This value always lies between 0 and 1. An IBS value below 0.2 is typically interpreted as an oversold condition, while a value above 0.9 suggests an overbought state.
Trading Rules
- Long Entry :
- Condition 1 : IBS is below the user-defined entry threshold (default is 0.2).
- Condition 2 : The current price is above an N-period Exponential Moving Average (EMA) (default period is 252).
- Note : You can disable the EMA condition by setting the EMA period to 0.
- Long Exit
- The position is closed when IBS rises above the user-defined exit threshold (default is 0.9).
Customization Options
- IBS Entry Threshold : Adjust to set the sensitivity for entering a long trade based on oversold conditions.
- IBS Exit Threshold : Customize to define the exit point when the market becomes overbought.
- EMA Period : Set the lookback period for the EMA to align with your trend bias; disable this condition by setting the period to 0.
Risk Management & Trading Considerations
- Designed for daily charts, the strategy captures higher timeframe trends and minimizes noise.
- The entry and exit conditions are straightforward, aiming to avoid over-trading while letting clear signals dictate trade management.
- Always use proper risk management techniques and test the strategy thoroughly on historical data and in a simulated environment before applying it in live markets.
Disclaimer
This strategy is for educational and informational purposes only and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consider your risk tolerance before making any trades.
Smart Buy/Sell Signal IndicatorOverview
The Smart Buy/Sell Signal Indicator is a multi-factor trading tool that i ntegrates Supertrend, Bollinger Bands, RSI, ADX, and Moving Averages to generate high-probability buy and sell signals. Unlike simple crossover-based strategies, this indicator leverages multiple layers of confirmation to reduce false signals and improve trade execution accuracy.
This indicator is designed for trend-following traders, scalpers, and swing traders, helping them identify key reversal points and momentum shifts with precise breakout conditions.
How It Works
The Smart Buy/Sell Signal Indicator filters out weak trade signals by combining trend, volatility, momentum, and strength indicators in the following manner:
✅ Supertrend-Based Trend Filtering:
• The script checks if the price is above or below the Supertrend level before confirming a buy or sell signal.
• Buy signals occur below the Supertrend Down level, confirming support.
• Sell signals occur above the Supertrend Up level, confirming resistance.
✅ Bollinger Bands for Overbought & Oversold Conditions:
• Buy signals are confirmed when price touches the Bollinger Lower Band (suggesting oversold conditions).
• Sell signals are confirmed when price touches the Bollinger Upper Band (suggesting overbought conditions).
• This ensures that trades occur at high-probability reversal zones, rather than random price action.
✅ RSI Momentum Confirmation:
• Buy trades trigger when RSI is below 50 (indicating strength building from an oversold region).
• Sell trades trigger when RSI is above 50 (indicating weakness forming in an overbought region).
• This ensures signals are momentum-backed and not counter-trend moves.
✅ ADX Strength Confirmation:
• The script filters signals using the ADX (Average Directional Index) to ensure that only trades with sufficient market strength are executed.
• If the ADX value is below a threshold (default: 15), the signal is ignored to prevent false breakouts in choppy markets.
✅ Confirmation Moving Average (MA) for Trend Validation:
• The script applies an additional confirmation filter using a Moving Average (SMA/EMA).
• Buy signals trigger only when the price is above the MA, aligning with trend direction.
• Sell signals trigger only when the price is below the MA, ensuring alignment with the broader market structure.
✅ Trade Cooldown Mechanism (Minimum Bars Between Signals):
• To avoid frequent signals in sideways markets, a cooldown period is implemented.
• Default: 5 bars between signals (adjustable).
• Prevents rapid consecutive trades, reducing false entries.
Key Features
✔️ Supertrend & Moving Average Confirmation – Ensures trades are taken only in the correct trend direction.
✔️ Bollinger Bands Integration – Helps identify high-probability reversal zones.
✔️ ADX Strength Filtering – Ensures trades are only executed when the market has enough strength.
✔️ Momentum-Based RSI Filtering – Avoids counter-trend trades and confirms directional strength.
✔️ Trade Cooldown Mechanism – Reduces overtrading and noise in sideways markets.
✔️ Webhook Alerts for Automation – Auto-execute trades or receive real-time notifications.
✔️ Customizable Inputs – Adjustable thresholds, EMA/SMA length, ADX filter, cooldown period for flexibility.
✔️ Works Across Multiple Timeframes – Suitable for scalping (5m, 15m), swing trading (1H, 4H), and position trading (Daily).
How to Use
📌 Scalping & Intraday Trading:
• Use on 5m, 15m, or 30m timeframes.
• Look for Bollinger Band touch + RSI confirmation + Supertrend support/resistance validation before entering trades.
📌 Swing Trading:
• Use on 1H or 4H timeframes.
• Enter only when ADX is strong and price aligns with Supertrend direction.
📌 Webhook Automation:
• Set up TradingView Alerts to auto-execute trades via Webhook-compatible platforms.
Why This Combination?
This indicator is not just a simple moving average crossover tool.
It is designed to filter out weak breakouts and only execute trades that have:
✅ Trend confirmation (Supertrend + Moving Average)
✅ Volatility filtering (Bollinger Bands for overbought/oversold confirmation)
✅ Momentum validation (RSI threshold filtering)
✅ Market strength requirement (ADX ensures sufficient momentum)
This multi-layered approach ensures that only the highest-quality setups are executed, improving both win rate and reliability.
Why It’s Worth Using?
🚀 Reduces False Breakouts – Avoids weak breakouts by requiring ADX confirmation.
🚀 Works in All Market Conditions – Trend-following logic for trending markets, volatility-based entries for reversals.
🚀 Customizable to Any Trading Style – Adjustable parameters for trend, momentum, and strength filtering.
🚀 Seamless Webhook Automation – Execute trades automatically with TradingView alerts.
🚀 Ready to trade smarter?
✅ Add the Smart Buy/Sell Signal Indicator to your TradingView chart today! 🎯🔥
Balance Price Range (BPR) IndicatorOverview
The BPR with Directional Momentum-Filtered Breakouts indicator is designed to identify Balanced Price Ranges (BPR) and d etect high-probability breakouts and breakdowns with directional momentum confirmation . By leveraging historical BPR structures, EMA-based momentum filtering , and a trade cooldown mechanism , this script provides a structured approach to identifying potential trading opportunities while reducing false signals.
This invite-only indicator is ideal for traders who seek precise breakout confirmation, reduced noise, and trend-following logic while maintaining flexibility through adjustable parameters.
How It Works
The script follows a multi-step breakout detection process by integrating multiple key technical components:
1. Balanced Price Range (BPR) Detection:
• A Balanced Candle is identified when the price remains within a specific percentage of its range midpoint.
• These BPR zones represent areas of equilibrium , where a breakout or breakdown is likely to occur.
• The script historically tracks BPR levels across the entire chart to monitor price action around key areas.
2. Momentum-Filtered Breakout & Breakdown Logic:
• Bullish Breakout: Occurs when the price breaks above the historical BPR high with bullish momentum.
• Bearish Breakdown: Occurs when the price breaks below the historical BPR low with bearish momentum.
• Momentum Confirmation: Each breakout requires a strong directional move, measured against the Exponential Moving Average (EMA) .
• Only confirmed breakouts are marked, reducing the likelihood of false signals in choppy markets.
3. Candle-Based Background Visualization:
• Grey Background: Represents a Balanced Price Range (BPR), indicating potential breakout zones.
• Green Background: Indicates a Bullish Breakout when the price successfully breaks and holds above the BPR high.
• Red Background: Indicates a Bearish Breakdown when the price drops below the BPR low.
4. Trade Cooldown Mechanism:
• Prevents consecutive signals from triggering too frequently.
• Default cooldown period: 5 bars (adjustable).
• Ensures that trades are not clustered, improving signal quality.
5. EMA for Trend Direction & Confirmation:
• A 20-period EMA (default, adjustable) is used to confirm trade direction.
• Breakouts above the EMA align with uptrend continuation.
• Breakdowns below the EMA align with downtrend momentum.
Key Features
✔️ Historical BPR Detection – Tracks past BPR levels across the entire chart for structured breakout zones.
✔️ Momentum-Based Breakouts – Ensures breakouts are confirmed by directional price movement before generating signals.
✔️ Candle-Based Background Logic – Subtle candle highlights rather than full background fills, for better chart clarity.
✔️ Trade Cooldown Period – Prevents consecutive buy/sell signals within a defined period, improving signal efficiency.
✔️ Dynamic EMA Confirmation – Ensures trades align with the overall trend, reducing counter-trend trades.
✔️ Customizable Inputs – Adjust breakout thresholds, EMA length, and cooldown periods as per trading style.
✔️ Works Across Multiple Timeframes – Can be applied to intraday, swing, and positional trading strategies.
How to Use
1. Look for Balanced Price Ranges ( BPR )
• These zones highlight equilibrium areas where price is likely to break out.
• Grey-shaded candles indicate potential breakout zones.
2. Monitor for Bullish or Bearish Breakouts
• A green candle background signals a bullish breakout above BPR.
• A red candle background signals a bearish breakdown below BPR.
• The EMA filter helps confirm whether the breakout aligns with the prevailing trend.
3. Follow the Cooldown Logic
• After a breakout signal, wait for the cooldown period before another trade is allowed.
• This helps filter out noisy price action and prevents excessive trading.
4. Use Alongside Other Indicators
• Works well with volume analysis, support/resistance levels, and price action strategies.
• Can be combined with other momentum indicators for further trade confirmation.
Why This Combination?
Unlike generic breakout indicators, this script uniquely combines:
• BPR historical structures for defining potential breakout zones.
• Momentum-based breakout filtering using EMA confirmation.
• Trade cooldown logic to avoid excessive trading signals.
• Subtle candle-based highlights instead of cluttered full-background fills.
This structured approach makes the indicator more robust, adaptive, and reliable in different market conditions.
Why It’s Worth Using?
🔹 Avoid False Breakouts: Built-in momentum confirmation prevents weak or fake breakouts.
🔹 Clean Visualization: No excessive overlays—just precise, meaningful background coloring for breakouts.
🔹 Works in Any Market: Use on stocks, crypto, forex, indices, and commodities across different timeframes.
🔹 User-Friendly & Customizable: Fine-tune parameters to match individual trading styles.
⚠️ Note: This is an Invite-Only script. Access is granted to selected users.
✅ If you find it useful, consider incorporating it into your trend-following & breakout trading strategies.
🚀 Optimize your trading with structured breakout detection! 🚀
Bar Color - Moving Average Convergence Divergence [nsen]The Pine Script you've provided creates a custom indicator that utilizes the MACD (Moving Average Convergence Divergence) and displays various outputs, such as bar color changes based on MACD signals, and a table of data from multiple timeframes. Here's a breakdown of how the script works:
1. Basic Settings (Input)
• The script defines several user-configurable parameters, such as the MACD values, bar colors, the length of the EMA (Exponential Moving Average) periods, and signal smoothing.
• Users can also choose timeframes to analyze the MACD values, like 5 minutes, 15 minutes, 1 hour, 4 hours, and 1 day.
2. MACD Calculation
• It uses the EMA of the close price to calculate the MACD value, with fast_length and slow_length representing the fast and slow periods. The signal_length is used to calculate the Signal Line.
• The MACD value is the difference between the fast and slow EMA, and the Signal Line is the EMA of the MACD.
• The Histogram is the difference between the MACD and the Signal Line.
3. Plotting the Histogram
• The Histogram values are plotted with colors that change based on the value. If the Histogram is positive (rising), it is colored differently than if it's negative (falling). The colors are determined by the user inputs, for example, green for bullish (positive) signals and red for bearish (negative) signals.
4. Bar Coloring
• The bar color changes based on the MACD's bullish or bearish signal. If the MACD is bullish (MACD > Signal), the bar color will change to the color defined for bullish signals, and if it's bearish (MACD < Signal), the bar color will change to the color defined for bearish signals.
5. Multi-Timeframe Data Table
• The script includes a table displaying the MACD trend for different timeframes (e.g., 5m, 15m, 1h, 4h, 1d).
• Each timeframe will show a colored indicator: green (🟩) for bullish and red (🟥) for bearish, with the background color changing based on the trend.
6. Alerts
• The script has alert conditions to notify the user when the MACD shows a bullish or bearish entry:
• Bullish Entry: When the MACD turns bullish (crosses above the Signal Line).
• Bearish Entry: When the MACD turns bearish (crosses below the Signal Line).
• Alerts are triggered with custom messages such as "🟩 MACD Bullish Entry" and "🟥 MACD Bearish Entry."
Key Features:
• Customizable Inputs: Users can adjust the MACD settings, histogram colors, and timeframe options.
• Visual Feedback: The color changes of the histogram and bars provide instant visual cues for bullish or bearish trends.
• Multi-Timeframe Analysis: The table shows the MACD trend across multiple timeframes, helping traders monitor trends in different timeframes.
• Alert Conditions: Alerts notify users when key MACD crossovers occur.
3x Supertrend + EMA200 Signal Buy/Sell [nsen]The indicator uses signals from three Supertrend lines to determine whether to trade Buy or Sell, with the assistance of a moving average for bias.
Buy/Sell signals are generated when the conditions are met:
A Buy signal is triggered when all three Supertrend lines indicate a bullish trend and are above the EMA.
A Sell signal is triggered when all three Supertrend lines indicate a bearish trend and are below the EMA.
Indicator ใช้สัญญาณจาก Supertrend ทั้งหมด 3 เส้น โดยใช้ในการกำหนดว่าจะเลือกเทรด Buy หรือ Sell โดยการใช้ moveing average เข้ามาช่วยในการ bias
แสดงสัญญาณ Buy/Sell เมื่อเข้าเงื่อนไข
- Supertrend ทั้ง 3 เส้นเป็นสัญญาณ Bullish และอยู่เหนือเส้น EMA จะเปิดสัญญาณ Buy
- Supertrend ทั้ง 3 เส้นเป็นสัญญาณ Bearish และอยู่ใต้เส้น EMA จะเปิดสัญญาณ Sell
3 Period EMA Cloud [deepakks444]3 Period EMA Cloud Indicator
The 3EMA Cloud Indicator uses three key EMAs to capture trends and display the market's direction through a color-coded cloud. The EMAs used in this indicator are:
High EMA: The EMA of the high prices over a specified period.
Low EMA: The EMA of the low prices over a specified period.
Additional EMA: An extra EMA, typically based on the close prices, that serves as an independent confirmation tool for trend direction.
Indicator Logic and Cloud Visualization:
The cloud is drawn between the high EMA and the low EMA, and its color changes based on the price's relationship to the high EMA, low EMA, and additional EMA.
Cloud Color:
Green Cloud: When the price is above both the high EMA and the low EMA, it signals a bullish trend, and the cloud turns green.
Additionally, if the close price is above the Additional EMA, this further confirms the bullish trend.
Red Cloud: When the price is below both the high EMA and the low EMA, it signals a bearish trend, and the cloud turns red.
Additionally, if the close price is below the Additional EMA, this further confirms the bearish trend.
How the Indicator Captures Trends:
Bullish Market:
Price above both high EMA and low EMA: This indicates that the market is in an uptrend, and the cloud will turn green.
Confirmation with Additional EMA: When the close price is above the Additional EMA, this reinforces the bullish market sentiment.
The green cloud is the visual confirmation of a bullish trend, guiding traders to consider long positions.
Bearish Market:
Price below both high EMA and low EMA: This indicates that the market is in a downtrend, and the cloud will turn red.
Confirmation with Additional EMA: When the close price is below the Additional EMA, this confirms the bearish trend.
The red cloud is the visual confirmation of a bearish trend, guiding traders to consider short positions.
Key Components:
High EMA: Calculates the EMA based on high prices, which helps to determine the upper boundary of the cloud.
Low EMA: Calculates the EMA based on low prices, which helps to determine the lower boundary of the cloud.
Additional EMA: An extra EMA (often of the close prices) that acts as an independent trend confirmation. This is used to validate the market direction and filter out potential false signals.
Use Cases for the 3EMA Cloud:
Trend Identification:
The cloud helps to visually identify the prevailing trend. A green cloud suggests a bullish trend, while a red cloud indicates a bearish trend.
Confirmation Tool:
The Additional EMA serves as an additional confirmation tool. A close price above the Additional EMA signals a strong bullish trend, while a close below it signals a strong bearish trend.
Market Reversals:
When the price moves from above both the high EMA and low EMA to below them (or vice versa), this could indicate a trend reversal. Pay attention to cloud color changes and the movement of the close price relative to the Additional EMA for potential reversal signals.
Entry and Exit Signals:
Long Entry (Buy Signal):
Price is above both the high EMA and low EMA, confirming a bullish trend.
Close price is above the Additional EMA, confirming the bullish trend.
Enter a long position when the cloud turns green and the confirmation by the Additional EMA is in place.
Short Entry (Sell Signal):
Price is below both the high EMA and low EMA, confirming a bearish trend.
Close price is below the Additional EMA, confirming the bearish trend.
Enter a short position when the cloud turns red and the confirmation by the Additional EMA is in place.
Exit Signal:
Exit Long Position when the price moves below both the high EMA and low EMA (signaling a potential trend reversal), or if the close price falls below the Additional EMA.
Exit Short Position when the price moves above both the high EMA and low EMA (signaling a potential trend reversal), or if the close price rises above the Additional EMA.
How This Indicator Improves Trend Following:
The 3EMA Cloud indicator enhances trend-following strategies by:
Visual Clarity: The color-coded cloud provides immediate visual feedback on whether the market is in a bullish or bearish phase.
Price Confirmation: The indicator uses the relationship of price to three EMAs (high, low, and additional) to confirm trend strength, which can help reduce false signals.
Flexibility: The Additional EMA adds flexibility by serving as an independent confirmation tool for trend direction, ensuring that you don’t enter trades based on weak or choppy market conditions.
This 3EMA Cloud indicator is designed to help traders follow and confirm trends with precision, improving their ability to identify strong market movements and avoid getting caught in sideways or choppy conditions. It provides a clear visual cue for potential buy and sell opportunities based on price relative to multiple EMAs, ensuring that trend-following strategies are robust and effective.
Disclaimer:
This script and its associated indicators are for educational purposes only. The information provided does not constitute financial advice or a recommendation to buy or sell any financial instruments. Users are advised to conduct their own research and consult with a professional financial advisor before making any trading decisions. Trading and investing involve risk, and users should be aware of the risks involved in financial markets.
Sniper TradingSniper Trader Indicator Overview
Sniper Trader is a comprehensive trading indicator designed to assist traders by providing valuable insights and alerting them to key market conditions. The indicator combines several technical analysis tools and provides customizable inputs for different strategies and needs.
Here’s a detailed breakdown of all the components and their functions in the Sniper Trader indicator:
1. MACD (Moving Average Convergence Divergence)
The MACD is a trend-following momentum indicator that helps determine the strength and direction of the current trend. It consists of two lines:
MACD Line (Blue): Calculated by subtracting the long-term EMA (Exponential Moving Average) from the short-term EMA.
Signal Line (Red): The EMA of the MACD line, typically set to 9 periods.
What does it do?
Buy Signal: When the MACD line crosses above the signal line, it generates a buy signal.
Sell Signal: When the MACD line crosses below the signal line, it generates a sell signal.
Zero Line Crossings: Alerts are triggered when the MACD line crosses above or below the zero line.
2. RSI (Relative Strength Index)
The RSI is a momentum oscillator used to identify overbought or oversold conditions in the market.
Overbought Level (Red): The level above which the market might be considered overbought, typically set to 70.
Oversold Level (Green): The level below which the market might be considered oversold, typically set to 30.
What does it do?
Overbought Signal: When the RSI crosses above the overbought level, it’s considered a signal that the asset may be overbought.
Oversold Signal: When the RSI crosses below the oversold level, it’s considered a signal that the asset may be oversold.
3. ATR (Average True Range)
The ATR is a volatility indicator that measures the degree of price movement over a specific period (14 bars in this case). It provides insights into how volatile the market is.
What does it do?
The ATR value is plotted on the chart and provides a reference for potential market volatility. It's used to detect flat zones, where the price may not be moving significantly, potentially indicating a lack of trends.
4. Support and Resistance Zones
The Support and Resistance Zones are drawn by identifying key swing highs and lows over a user-defined look-back period.
Support Zone (Green): Identifies areas where the price has previously bounced upwards.
Resistance Zone (Red): Identifies areas where the price has previously been rejected or reversed.
What does it do?
The indicator uses swing highs and lows to define support and resistance zones and highlights these areas on the chart. This helps traders identify potential price reversal points.
5. Alarm Time
The Alarm Time feature allows you to set a custom time for the indicator to trigger an alarm. The time is based on Eastern Time and can be adjusted directly in the inputs tab.
What does it do?
It triggers an alert at a user-defined time (for example, 4 PM Eastern Time), helping traders close positions or take specific actions at a set time.
6. Market Condition Display
The Market Condition Display shows whether the market is in a Bullish, Bearish, or Flat state based on the MACD line’s position relative to the signal line.
Bullish (Green): The market is in an uptrend.
Bearish (Red): The market is in a downtrend.
Flat (Yellow): The market is in a range or consolidation phase.
7. Table for Key Information
The indicator includes a customizable table that displays the current market condition (Bull, Bear, Flat). The table is placed at a user-defined location (top-left, top-right, bottom-left, bottom-right), and the appearance of the table can be adjusted for text size and color.
8. Background Highlighting
Bullish Reversal: When the MACD line crosses above the signal line, the background is shaded green to highlight the potential for a trend reversal to the upside.
Bearish Reversal: When the MACD line crosses below the signal line, the background is shaded red to highlight the potential for a trend reversal to the downside.
Flat Zone: A flat zone is identified when volatility is low (ATR is below the average), and the background is shaded orange to signal periods of low market movement.
Key Features:
Customizable Time Inputs: Adjust the alarm time based on your local time zone.
User-Friendly Table: Easily view market conditions and adjust display settings.
Comprehensive Alerts: Receive alerts for MACD crossovers, RSI overbought/oversold conditions, flat zones, and the custom alarm time.
Support and Resistance Zones: Drawn automatically based on historical price action.
Trend and Momentum Indicators: Utilize the MACD and RSI for identifying trends and market conditions.
How to Use Sniper Trader:
Set Your Custom Time: Adjust the alarm time to match your trading schedule.
Monitor Market Conditions: Check the table for real-time market condition updates.
Use MACD and RSI Signals: Watch for MACD crossovers and RSI overbought/oversold signals.
Watch for Key Zones: Pay attention to the support and resistance zones and background highlights to identify market turning points.
Set Alerts: Use the built-in alerts to notify you of buy/sell signals or when it’s time to take action at your custom alarm time.
NSE: 2in1 Options-Index (Nifty-Bank-MID-Fin)
1. Using Two Charts in One Indicator with Buy and Sell Signals on Both Charts
Dual-Chart Functionality: This indicator allows you to monitor two charts simultaneously – the main chart (Options) and the underlying index chart (NIFTY, BANKNIFTY, etc.).
The index chart (below the main chart) shows the underlying index movement.
The main chart displays the Options data (e.g., NIFTY options, BANKNIFTY options).
Buy/Sell Signals on Both Charts:
Buy and sell signals are generated on both the options chart and the index chart, ensuring you don’t miss any trading opportunities.
This dual-chart setup helps you correlate the movement of the index with the options data for better decision-making.
2. Works Across Major Indices (NIFTY, BANKNIFTY, FINNIFTY, etc.)
Automatic Index Detection: The script automatically detects the underlying index based on the chart symbol. It supports:
NIFTY, BANKNIFTY, FINNIFTY, MIDCPNIFTY, SENSEX
Flexibility: Whether you’re trading NIFTY options or BANKNIFTY options, the indicator adapts to the selected index and provides accurate signals.
3. Helps You Select ATM, ITM, and OTM Strikes (Ideal for Beginners and Advanced Traders)
ATM (At-The-Money) Strike Calculation:
The script calculates the ATM strike price based on the current spot price of the underlying index.
ITM (In-The-Money) and OTM (Out-Of-The-Money) Strikes:
Users can adjust the strike price using a slider to select ITM or OTM strikes.
This feature is especially helpful for beginners who are learning about options trading and want to understand the difference between ITM, ATM, and OTM strikes.
Strike Price Display:
The selected strike price is displayed on the chart, making it easy to identify the right strike for your trades.
4. Double EMA Selection for Trading
Customizable EMAs:
The script uses two Exponential Moving Averages (EMAs) to generate signals:
Short EMA (Default: 21 periods)
Long EMA (Default: 34 periods)
Users can customize the EMA lengths based on their trading strategy.
5. Option Chart in the Main Chart with Index Chart Below for Easy Monitoring
Integrated Chart Setup:
The main chart displays the options data (e.g., NIFTY options, BANKNIFTY options).
The index chart (below the main chart) shows the underlying index movement.
Benefits:
This setup allows you to monitor both the options and the index in a single view, making it easier to:
Correlate the movement of the index with the options data.
Identify trading opportunities directly on the chart.
No need to switch between multiple charts – everything is in one place.
6. Targets and Stop-Loss When the Signal is Generated
Dynamic Targets and Stop-Loss:
The script calculates targets and stop-loss levels based on the Predicted Range (PR) bands.
Trailing Stop-Loss:
The stop-loss level adjusts dynamically as the price moves in your favor.
Target Levels:
Two target levels are provided (Target 1 and Target 2) based on the PR bands.
Visual Indicators:
Targets and stop-loss levels are plotted on the chart with labels and lines for easy reference.
Colors:
Trailing Stop: Light Pink
Target 1: Light Green
Target 2: Light Green
7. Various Other Options in One Indicator
Advanced Statistical Bands (KRO Settings):
The script includes Kernel Regression Oscillator (KRO) settings for advanced traders.
Plots upper and lower bands based on standard deviation and kernel regression.
Helps identify overbought and oversold conditions.
Customizable Alerts:
Users can enable/disable alerts for:
Buy/Sell signals.
Trailing stop-loss hits.
Target achievements.
Summary of Benefits
All-in-One Tool: Combines candlestick analysis, EMAs, options strike selection, targets, stop-loss, and advanced statistical bands in a single indicator.
Beginner-Friendly: Helps new traders understand ATM, ITM, and OTM strikes while providing clear buy/sell signals.
Advanced Features: Includes KRO settings, dynamic targets, and trailing stop-loss for experienced traders.
Dual-Chart Setup: Monitor options and the underlying index simultaneously for better decision-making.
Customizable: Adjust EMA lengths, strike prices, colors, and alerts to suit your trading style.
Squeeze Momentum Indicator with Entry Tactics### **Squeeze Momentum Indicator with Stacked EMAs**
#### **Description:**
This indicator is an enhanced version of the **Squeeze Momentum Indicator** (originally by John Carter and later modified by LazyBear). It identifies **periods of consolidation (squeeze)** and signals potential **explosive price moves** when momentum shifts. The added **stacked EMA concept** further refines entry signals by confirming trend strength. This is also an update to version 6 of PineScript
#### **How to Use:**
The indicator provides **three different entry tactics**, allowing traders to choose signals based on their strategy:
1. **Inside Day Pattern** – Detects inside candles, which indicate potential breakouts when volatility contracts.
2. **Consecutive Black Crosses (Squeeze Signal)** – A certain number of black crosses (low volatility periods) suggests a strong move is coming.
3. **Stacked EMA Concept** – When the **8 EMA > 21 EMA > 34 EMA**, combined with a momentum shift from negative to positive, it signals a **high-probability bullish entry**.
#### **Visual Cues:**
- **Histogram Bars**: Show momentum (green for increasing bullish, red for increasing bearish).
- **Black & Gray Dots**: Represent different squeeze states (low volatility vs. breakout conditions).
- **🔥 Bullish Label**: Appears when the stacked EMAs align and momentum shifts from negative to positive.
#### **Best Practices:**
- Look for **momentum shifts during a squeeze** for high-probability trades.
- Use **stacked EMAs as trend confirmation** before entering.
- Combine with **price action and volume analysis** for additional confluence.
This indicator helps traders **anticipate major price moves** rather than react, making it a powerful tool for trend-following and breakout strategies. 🚀
ORB-5Min + Adaptive 12/48 EMA + PDH/PDL
Overview:
This indicator combines the 5-Minute Opening Range Breakout (ORB), Adaptive 12/48 Exponential Moving Averages (EMAs), and Previous Day High/Low (PDH/PDL) levels to help traders identify key intraday levels and market trends.
Key Components and Logic:
5-Minute Opening Range Breakout (ORB):
Displays the high and low from the first 5-minute candle of the trading session.
Includes customizable opacity for the range fill.
Helps traders spot breakout opportunities and key support/resistance zones.
Adaptive 12/48 EMA System:
Displays EMAs for 9, 12, 48, and 200 periods.
The 12 EMA changes color based on whether the price is entirely above or below it.
The 48 EMA changes color depending on its relationship with the 12 EMA.
Provides dynamic trend identification and potential entry/exit signals.
Previous Day High/Low (PDH/PDL):
Displays the previous day’s high and low levels.
Useful for tracking key intraday support/resistance levels and potential reversal points.
Summary:
This script stands out by blending three popular intraday tools into a single comprehensive indicator. The combined visualization provides a layered market context that assists traders in making informed decisions quickly. The color-adaptive EMAs add clarity to trend direction, while the ORB and PDH/PDL levels highlight significant price zones for breakout or reversal trades.
How to Use:
Breakout Trades: Watch for price breaks above the ORB high or below the ORB low, especially when supported by EMA trends.
Trend Confirmation: Use the color-adaptive 12/48 EMA system to gauge momentum and market direction.
Reversal or Continuation: Observe how price reacts around PDH/PDL levels, especially if confluence with EMAs occurs.
This indicator is suitable for day traders seeking a clear and efficient way to track market structure, identify trends, and spot potential trade opportunities during regular market hours.
