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インジケーターとストラテジー

9 Customizable SMAsDescription – “9 Customizable SMAs” Indicator This indicator provides a set of fully customizable Simple Moving Averages (SMAs), organized into three functional groups. It is designed to help traders analyze price behavior across multiple time horizons, from short-term movements to long-term structural trends. 🔧 Key Features 8 configurable SMAs, each with adjustable period, color, and visibility Structured into intuitive groups: Group 1 (6, 30, 132) → Short to medium-term trend tracking Group 2 (24, 120, 528) → Broad trend and cycle analysis Group 3 (96, 288) → Intermediate structure and macro confirmation 🎯 Purpose of the Indicator This tool is built for traders seeking a clean, objective trend-reading system without unnecessary visual noise. It is ideal for: Identifying primary and secondary trends Evaluating pullbacks and continuation moves Confirming market structure across multiple timeframes Combining with pure price-action trading 🛠️ Full Customization Each SMA can be turned on or off individually, allowing the trader to tailor the chart layout to any style—intraday, swing, or macro.
Pine Script® インジケーター
FXBlueSharkの投稿
Chan Lun Bi, Pivot & MACD Div - INVESTCHIThis indicator combines Chan Lun (Zen Theory) structure with MACD Divergence to help you spot trends and potential reversals easily. Key Features 1. Auto Lines (Bi): Automatically connects highs and lows to visualize the market trend (Strokes). 2. Pivots (Blue Boxes): Automatically highlights consolidation zones (Zhong Shu). These areas act as key Support and Resistance. 3. Buy & Sell Signals (New!) 🟢 BUY Label: Appears when Bottom Divergence occurs (Price makes a lower low, but MACD momentum is stronger). 🔴 SELL Label: Appears when Top Divergence occurs (Price makes a higher high, but MACD momentum is weaker). How to Use - Trend Following: Use the connected lines to see the main direction. - Reversals: Look for Green BUY labels at the bottom of a trend and Red SELL labels at the top. - Breakouts: Watch how price reacts to the Blue Pivot Boxes. Settings - Fractal Length: Adjusts how sensitive the lines are (default is 5). - Strict Filter: Keeps the chart clean by filtering out small noise. Disclaimer: For educational purposes only.
Pine Script® インジケーター
investCHIの投稿
XAUUSD Macro Anomaly Pulses (Chart XAU) - sudoXAUUSD Macro Anomaly Pulses A simple pulse indicator that highlights when XAUUSD moves in a way that macro conditions cannot fully explain Overview This indicator marks candles on XAUUSD that behave differently than what the broader market suggests should happen. Instead of looking at XAUUSD alone, this tool compares gold’s actual movement to an expected movement based on: Other gold cross pairs (XAUJPY, XAUAUD, XAUCHF) The U.S. Dollar Index (DXY), inverted The US30 index (Dow Jones) When XAUUSD moves much stronger or weaker than this macro-based expectation, the indicator plots a small pulse (a circle) directly on the candle. Purpose This indicator helps you quickly see when a candle on XAUUSD is acting “out of character” compared to normal macro flow. In other words: “Did XAUUSD move in a way that makes sense with the rest of the market, or did something weird happen?” These unusual moves often signal: Liquidity grabs Stop hunts News-driven spikes False breakouts Front-running of macro shifts How It Works It reads the XAUUSD candles directly from the chart. This ensures pulses stick to your candles correctly. It pulls data from basket legs (XAUJPY, XAUAUD, XAUCHF) and macro symbols (DXY, US30) using security calls. It converts each symbol into a simple % return per candle. It builds an “expected” gold move using weighted inputs: Average return of gold crosses Inverse return of DXY Return of US30 It calculates the “residual,” which means: actual XAU return - expected macro return It turns that into a Z-score to measure how extreme the deviation is. If the Z-score is too high or too low, the script marks the candle: Aqua pulse below bar = unusually strong move Fuchsia pulse above bar = unusually weak move How to Interpret the Pulses Aqua Pulse (below candle) – Bullish anomaly XAUUSD moved stronger than the macro environment suggests. Meaning: -Possible liquidity grab upward -Possible early trend move -Possible false breakout -Price may be overreacting Fuchsia Pulse (above candle) – Bearish anomaly XAUUSD moved weaker than expected. Meaning: -Possible liquidity sweep downward -Possible aggressive sell-side event -Possible exhaustion -Price may be taking liquidity before reversing Typical Use Cases -Spot moments when gold acts independently of macro -Identify candles that might signal a reversal or a trap -Confirm whether a breakout is real or suspicious -Filter trades by macro alignment -Help understand when XAUUSD is reacting to news or liquidity instead of fundamentals Inputs Explained - Z-score Lookback – How many candles are considered normal behavior - Z-threshold – How extreme a move must be before it is marked - Basket / DXY / US30 weights – How much influence each macro component has
Pine Script® インジケーター
hondacivic2002の投稿
Premarket LevelsThis indicator tracks premarket high and low levels for day trading, providing statistical analysis on how often these levels get touched during regular trading hours (9:30 AM-4:00 PM EST). It combines real-time level tracking with historical probability analysis and precise timing statistics to help traders make data-driven decisions. I use 4:00 - 9:30 AM on SPY/QQQ etc and 18:00 - 9:30 on Futures ES/NQ etc Core Features 1. Premarket Level Tracking Automatically identifies and plots premarket high and low levels Displays levels with customizable colors and line styles Shows optional midpoint and percentage/fibonacci retracement levels Tracks when levels are set during premarket session 2. Historical Touch Analysis Calculates probability of PM high/low being touched during regular hours Tracks "Both Levels" touched rate (how often both get hit same day) Tracks "Either Level" touched rate (how often at least one gets hit) Adjustable lookback period (1-250 days) for statistical analysis 3. Timing Intelligence Average time when levels get touched Earliest and latest touch times in historical data Four customizable time buckets showing touch distribution throughout the day First touch time displayed for current session 4. Range Analysis Current PM range vs historical average (adjustable period) Range percentile ranking (where today ranks in historical distribution) Min/Max historical ranges for context Large/small range detection with customizable thresholds Background highlighting for unusual range days 5. Smart Signals & Alerts Buy/Sell signals on level breakouts (adjustable sensitivity) Level rejection detection (failed breakout patterns) Proximity alerts when approaching levels Touch markers (diamond shapes) when levels are tested Multiple alert conditions for various scenarios 6. Risk Management Tools Automatic stop loss suggestions (ATR-based, percentage-based, or fixed points) Target projections based on range extension Position tracking relative to PM range Distance calculations to both levels How To Use For Day Traders: Check the "Either Level" percentage - if 90%+, at least one level will likely be touched Review time bucket statistics - most touches happen 9:30-10:00 AM Monitor "Both Levels" rate - typically only 20-30%, meaning round trips are rare Use range percentile to gauge if expansion or mean reversion is likely For Scalpers: Enable touch markers to see exact level tests Use proximity alerts to prepare for potential bounces Monitor first touch times - early touches often lead to continuations Check rejection signals for quick reversal trades For Swing Position Sizing: Use historical touch rates to assess probability of level tests Review range size vs average for stop placement guidance Check timing analysis to avoid holding through low-probability windows Use target projections for realistic profit targets Settings Overview Basic Settings: Premarket session time (default 4:00-7:30 AM EST) Signal sensitivity for breakout detection Timezone selection for accurate time labels Historical Analysis: Lookback period for statistics (default 20 days, max 250) Toggle touch tracking and markers Enable/disable daily statistics display Range Analysis: Adjustable average period (default 20 days) Large/small range threshold customization Range percentile display toggle Timing Analysis: Three customizable time buckets (default: 10:00, 11:00, 12:00) Fourth bucket automatically covers afternoon (12:00-4:00 PM) Toggle time bucket statistics display Visual Features: Midpoint line display Percentage (25%, 75%) or Fibonacci (23.6%, 38.2%, 61.8%, 78.6%) levels Table position and size customization Comprehensive color scheme customization (background, text, headers) Smart Alerts: Proximity alerts with adjustable threshold Level rejection detection Failed breakout detector Time-of-day filter to avoid lunch chop Risk Management: Stop loss method selection (ATR, PM Range %, Fixed Points) Adjustable ATR multiplier Target projection display Statistics Explained Touch Rates: Percentage of days where level was touched during RTH Based only on FIRST touch per day (not multiple re-tests) Binary metric: Yes/No for each day Timing Stats: All based on timestamp of FIRST touch each day Average, Earliest, Latest provide distribution context Time buckets show concentration of first touches Range Metrics: Current range compared to historical average Percentile shows where today ranks (0-100%) Min/Max provide extreme boundaries from history Important Notes First Touch Only: All statistics track only the first time a level is touched each day, not subsequent re-tests RTH Focus: Touch tracking occurs only during regular trading hours (9:30 AM-4:00 PM EST) Data Accumulation: Historical statistics build over time as indicator runs; requires specified lookback period to populate Chart Timeframe: Works on any timeframe but recommended 3-5 minute charts for best premarket level precision Memory Reset: Each new premarket session resets tracking for fresh daily analysis Best Practices Use 60-100 day lookback for statistical significance Combine high touch rates (80%+) with time bucket data for highest probability setups Small ranges (< 50% of average) often lead to expansion moves Large ranges (> 150% of average) often consolidate or mean-revert First 30 minutes typically contains 50%+ of all level touches After 12:00 PM, probability of untouched levels being hit drops significantly Performance Considerations Optimized for real-time calculation with minimal lag Uses efficient array management for historical data Table updates only on bar close for performance Maximum lookback of 250 days to prevent memory issues This indicator is for educational and informational purposes only. It is NOT financial advice. The buy/sell signals are algorithmic suggestions based on historical patterns and should NOT be followed blindly Past performance and historical statistics do NOT guarantee future results All trading involves substantial risk of loss You are solely responsible for your own trading decisions Always perform your own analysis and risk assessment before entering any trade The creator of this indicator is not responsible for any trading losses incurred from its use No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in the indicator statistics By using this indicator, you acknowledge that you understand these risks and accept full responsibility for your trading decisions.
Pine Script® インジケーター
Bostonshamrockの投稿
Previous Day High / Low / EquilibriumThis indicator plots Previous Day High (PDH), Previous Day Low (PDL), and Previous Day Equilibrium (PD-EQ) anchored to the candles that formed these levels. 🔥 Key Features Candle-Anchored Levels PDH/PDL aren’t placed at the midnight candle or the daily bar open. They’re anchored to the actual intraday candle that made the previous day’s high or low. Session-Aware (17:00 or 18:00 NY) Set your preferred daily session open (17:00 for Forex, 18:00 for indices/futures) for correct cross-timeframe behavior, including Daily and H4. Dynamic Line Extension Lines extend only up to the current candle Adjustable Line Styles Choose between Solid, Dashed, or Dotted lines for PDH, PDL, and PD-EQ. ⚙️ Inputs Overview Session Settings Daily Session Open Hour (NY Time) Line Settings PDH Line Color PDL Line Color PD-EQ Line Color Line Style (Solid / Dashed / Dotted) Label Settings Show/Hide Labels Label Font Size Label Text Colors Label Offset (bars to the right) 🛡️ Non-Repainting The indicator does not repaint. Levels are locked in once the new session begins.
Pine Script® インジケーター
brieflygorgeousの投稿
TrigosFx Session Hunter (Institutional Flow)TrigosFx Session Hunter (Institutional Flow) Overview TrigosFx Session Hunter is a professional-grade trading suite designed to align with Institutional Order Flow and Smart Money Concepts (SMC). Optimized for XAUUSD (Gold) and major Forex pairs (EURUSD, GBPUSD), this tool removes market noise to identify high-probability entries during the London and New York sessions. Unlike standard indicators that repaint or lag, the Session Hunter combines trend structure, volatility (ATR), and strict candle logic to prevent FOMO and "bull traps." It operates in a Hybrid Mode, allowing traders to switch between "Liquidity Sweeps" (Reversals) and "Trend Continuation" instantly. 🔥 Key Features 1. Hybrid Trading Logic (Sniper vs. Continuation) ✅ Sweep Mode (Sniper): For ranging days. The strategy only generates a signal if the price has swept (broken) the Asian Session High/Low to grab liquidity before reversing. ✅ Continuation Mode (Trend): For strong trend days. It ignores the Asia sweep and focuses on pure momentum retests of the institutional EMAs. 2. The "Smart Panel" (Clean UX) Intelligent Display: The data table remains clean ("WAITING...") when there is no trade. Active Trade Memory: Once a signal fires, the panel freezes the exact Stop Loss and Take Profit levels calculated at the moment of entry. Auto-Reset: The moment price hits TP1, the panel clears itself to avoid confusion. 3. Advanced "Anti-Noise" Filters We have integrated three layers of protection to filter out bad trades: 🛡️ Strict Quality Filter: Validates that the signal candle closes on the correct side of the EMA 26 (Dynamic Support/Resistance). If the candle closes "inside" the noise, the trade is cancelled. 🕯️ Previous Candle Liquidation: Ensures the signal candle has broken the High/Low of the previous candle, confirming that short-term stops have been hunted. ⛔ Anti-FOMO (Pullback Validator): Prevents chasing the price. It strictly requires a pullback candle (opposite color) before a signal is generated. You will never buy at the top of a green impulse again. 4. Dynamic Risk Management Stop Loss: Automatically calculated based on Market Volatility (ATR) or Structural Structure (EMA 50), whichever is safer. Take Profits: Dynamic targets based on your preferred Reward ratios (Default 1:1 and 1:2). 🛠️ How to Trade Select Your Session: Use the settings to choose New York, London, or both. The script auto-adjusts to your timezone. Check the Bias: Look at the Panel. If H4 & H1 Bias are green (LONG), only look for Buy signals. Choose Your Style: Is the market ranging? Turn on "Req. Sweep" (YES). Is the market trending hard? Turn off "Req. Sweep" (NO - Continuation). Wait for the Triangle: Green Triangle: Institutional Buy Signal. Red Triangle: Institutional Sell Signal. Execute: Copy the SL and TP prices shown in the Smart Panel immediately. ⚙️ Technical Specifications Timeframe: Optimized for M15 (Execution) with H1/H4 Confluence. EMAs: Institutional 12/26 Cross + EMA 50 Baseline. Visuals: Auto-coloring based on trend, non-intrusive Asia Range lines. Trade like the institutions. Hunt the liquidity. Developed by TrigosFx.
Pine Script® インジケーター
TrigosFxMentorの投稿
ORB Algo - BitcoinGENERAL SUMMARY We present our new ORB Algo indicator! ORB stands for "Opening Range Breakout," a common trading strategy. The indicator can analyze the market trend in the current session and generate Buy/Sell, Take Profit, and Stop Loss signals. For more information about the indicator's analysis process, you can read the “How Does It Work?” section of the description. Features of the new ORB Algo indicator: Buy/Sell Signals Up to 3 Take Profit Signals Stop Loss Signals Buy/Sell, Take Profit, and Stop Loss Alerts Fully Customizable Algorithm Session Control Panel Backtesting Control Panel HOW DOES IT WORK? This indicator works best on the 1-minute timeframe. The idea is that the trend of the current session can be predicted by analyzing the market for a period of time after the session begins. However, each market has its own dynamics, and the algorithm will require fine-tuning to achieve the best possible performance. For this reason, we implemented a Backtesting Panel that shows the past performance of the algorithm on the current ticker with your current settings. Always remember that past performance does not guarantee future results. Here are the steps of the algorithm explained briefly: The algorithm follows and analyzes the first 30 minutes (adjustable) of the session. Then, it checks for breakouts above or below the opening range high or low. If a breakout occurs in either direction, the algorithm will look for retests of the breakout. Depending on the sensitivity setting, there must be 0 / 1 / 2 / 3 failed retests for the breakout to be considered reliable. If the breakout is reliable, the algorithm will issue an entry signal. After entering the position, the algorithm will wait for the Take-Profit or Stop-Loss zones to be reached and send a signal if any of them occur. If you wonder how the indicator determines the Take-Profit and Stop-Loss zones, you can check the Settings section of the description. UNIQUENESS Although some indicators display the opening range of the session, they often fall short in features such as indicating breakouts, entries, and Take-Profit & Stop-Loss zones. We are also aware that different markets have different dynamics, and tuning the algorithm for each market is crucial for better results. That is why we decided to make the algorithm fully customizable. In addition to this, our indicator includes a detailed backtesting panel so you can see the past performance of the algorithm on the current ticker. While past performance does not guarantee future results, we believe that a backtesting panel is necessary to fine-tune the algorithm. Another strength of the indicator is that it offers multiple options for detecting Take-Profit and Stop-Loss zones, allowing traders to choose the one that fits their style best. ⚙️ SETTINGS Keep in mind that the best timeframe for this indicator is the 1-minute timeframe. TP = Take-Profit SL = Stop-Loss EMA = Exponential Moving Average OR = Opening Range ATR = Average True Range 1. Algorithm ORB Timeframe → This setting determines how long the algorithm will analyze the market after a new session begins before issuing signals. It is important to experiment with this option and find the optimal setting for the current ticker. More volatile stocks will require a higher value, while more stable stocks can use a shorter one. Sensitivity → Determines how many failed retests are required before taking an entry. Higher sensitivity means fewer retests are needed to consider the breakout reliable. If you believe the ticker makes strong moves after breaking out, use high sensitivity. If the ticker doesn’t define the trend immediately after a breakout, use low sensitivity. (High = 0 Retests, Medium = 1 Retest, Low = 2 Retests, Lowest = 3 Retests) Breakout Condition → Determines how the algorithm detects breakouts. Close = The bar must close above OR High for bullish breakouts or below OR Low for bearish breakouts. EMA = The bar’s EMA must be above/below the OR Lines instead of relying on the closing price. TP Method → Method used to determine TP zones. Dynamic = Searches for the bar where price stops following the current trend and reverses. It uses an EMA, and when the bar’s close crosses the EMA, a TP is placed. ATR = Determines TP zones before the trade happens, using the ATR of the entry bar. This option also displays the TP zones on the ORB panel. → The Dynamic method generally performs better, while the ATR method is safer and more conservative. EMA Length → Sets the length of the EMA used in both the Dynamic TP method and the “EMA Breakout Condition.” The default value usually performs well, but you can experiment to find the optimal length for the current ticker. Stop-Loss → Defines where the SL zone will be placed. Safer = SL is placed closer to OR High in bullish entries and closer to OR Low in bearish entries. Balanced = SL is placed in the middle of OR High & OR Low. Risky = SL is placed farther away, giving more room for movement. Adaptive SL → Activates only if the first TP zone is reached. Enabled = After the 1st TP hits, SL moves to the entry price, making the position risk-free. Disabled = SL never changes.
Pine Script® インジケーター
juanmr888の投稿
Fat Tony's Grinder Detector 2.0Concept & Theory This indicator is designed to identify a specific, dangerous price action pattern known as "The Grinder." A Grinder is a stock that trends upward at a sustainable 45-degree angle, characterized by low volatility and consistent institutional buying. Unlike a "Pump," which goes parabolic and crashes, a Grinder hugs the VWAP and slowly squeezes early short sellers. This tool helps traders avoid the "Frontside" of these trends and objectively identifies when the trend has actually broken. How It Works The indicator combines VWAP, RSI, and Relative Volume to visualize the state of the trend: Grinder Mode (Green Background): The background turns green when the stock is in a "Controlled Float." This occurs when price is holding above (or slightly buffering) the VWAP, and RSI is "warm" (45-75) but not overbought. Signal: DO NOT SHORT. The algorithm is in control. The Hug (Green Triangle): These markers appear when the price dips to touch the VWAP while in Grinder Mode. Signal: This indicates a "Bear Trap" or a "Buy the Dip" opportunity where the trend is being defended. The Crack (Red Triangle): This is the reversal signal. It only prints when the price crosses BELOW the VWAP on High Relative Volume (Default: 2x average). Signal: The trend line is broken, and heavy selling pressure has entered. Settings VWAP Tolerance: Adjusts how strictly the price must hug the line (default 3.0% for volatile small caps). RSI Min/Max: Defines the "controlled" momentum range. Volume Multiplier: Sets the threshold for a valid "Crack" (e.g., volume must be 2.0x the 20-period average). Use this tool to filter out low-probability short setups and wait for a confirmed structural break.
Pine Script® インジケーター
robbookerの投稿
1
Crypto alert - Price Action ™This indicator combines advanced Price Action, Market Structure, Volume Profile, and Institutional Liquidity into one real-time tool. It reveals where strong buyers and sellers are located, where large amounts of money entered the market, and how price is likely to react around key levels. 🔥 Key Features Real-time Market Structure signals: BOS, CHoCH, Swing/ Internal breaks, Equal High/Low, FVG, Order Blocks Volume Profile showing buy/sell pressure at each price level (Green = strong buying, Red = strong selling, Blue = neutral) Money Flow Profile (USDT Flow) showing the actual amount of money traded (Yellow = institutional money zones) Liquidity Map that highlights: Stop-loss clusters High-volume nodes Institutional liquidity areas Price magnets (zones price is attracted to) Reversal Bands marking premium/discount and potential turning zones. 🔥 What It Tells You Where institutions are buying or selling Where price is likely to reverse Which zones are strong support/resistance Where liquidity is sitting above/below price How price will move next based on real market activity ⭐ Why It's Powerful Uses real data (not projections) Shows volume + money flow at each price Helps detect fake breakouts, liquidity grabs, and smart-money behavior Works in real time on any pair or timeframe.
Pine Script® インジケーター
CryptoalertCommunityの投稿
Imbalance Volume Trend📌 Imbalance Volume Trend — Fair Value Gaps + Volume Imbalance + Trend Shifts Imbalance Volume Trend is a price-action-driven indicator that automatically detects Fair Value Gaps (FVGs), measures the volume imbalance inside each gap, and builds a dynamic trend structure based on the sequence and strength of imbalances. It visualizes the true power behind impulsive moves and provides early signals of potential trend reversals. 🔍 Core Concept A Fair Value Gap appears when the market moves aggressively in one direction, leaving an “unfair” price zone caused by a strong imbalance between buyers and sellers. These zones are often revisited by price, providing high-probability trading opportunities. This indicator not only marks FVGs but also evaluates how strong the imbalance truly was by analyzing buy/sell volume dominance on the breakout candle. 📘 How the Indicator Works 1. Automatic Fair Value Gap Detection The indicator scans for the classic 3-candle FVG pattern: Bullish Imbalance Candle 2 forms the bullish impulse. A gap remains between the High of Candle 1 and the Low of Candle 3. The indicator draws a bullish rectangle covering this area. Bearish Imbalance Candle 2 forms the bearish impulse. A gap remains between the Low of Candle 1 and the High of Candle 3. A bearish rectangle is drawn around the imbalance. The breakout candle (the middle candle) forms the core of the imbalance and shows the directional expansion of price. 2. Volume Imbalance Percentage (%) A unique feature of this tool is the calculation of buyer vs seller volume dominance inside each imbalance. Can analyze lower-timeframe volumes or tick volumes. The indicator computes how much buyers or sellers dominated during the formation of the FVG. A colored percentage label appears near every imbalance, showing: Buyer dominance % for bullish gaps Seller dominance % for bearish gaps This helps traders understand the strength of each imbalance. Often, during late stages of a trend, the percentage value starts to weaken — giving early warning of trend exhaustion. 3. Imbalance-Based Trend Structure Another powerful component is the Imbalance Trend Engine, which builds a trend direction using consecutive FVGs. A trend continues as long as new imbalances form in the same direction. A trend reversal is detected when: A new imbalance appears in the opposite direction, and Its body breaks through a specified level of the previous imbalance of the current trend. When this event occurs, the indicator plots a colored arrow marking the change in Imbalance Trend. This creates a clean and logical price-action trend model built entirely on institutional-style imbalances. 4. Alerts & Notifications The indicator supports TradingView alerts for: New Imbalance Detected Imbalance Trend Reversal
Pine Script® インジケーター
trdngclbsmnの投稿
ORB Algo - BitcoinGENERAL SUMMARY We present our new ORB Algo indicator! ORB stands for "Opening Range Breakout," a common trading strategy. The indicator can analyze the market trend in the current session and generate Buy/Sell, Take Profit, and Stop Loss signals. For more information about the indicator's analysis process, you can read the “How Does It Work?” section of the description. Features of the new ORB Algo indicator: Buy/Sell Signals Up to 3 Take Profit Signals Stop Loss Signals Buy/Sell, Take Profit, and Stop Loss Alerts Fully Customizable Algorithm Session Control Panel Backtesting Control Panel HOW DOES IT WORK? This indicator works best on the 1-minute timeframe. The idea is that the trend of the current session can be predicted by analyzing the market for a period of time after the session begins. However, each market has its own dynamics, and the algorithm will require fine-tuning to achieve the best possible performance. For this reason, we implemented a Backtesting Panel that shows the past performance of the algorithm on the current ticker with your current settings. Always remember that past performance does not guarantee future results. Here are the steps of the algorithm explained briefly: The algorithm follows and analyzes the first 30 minutes (adjustable) of the session. Then, it checks for breakouts above or below the opening range high or low. If a breakout occurs in either direction, the algorithm will look for retests of the breakout. Depending on the sensitivity setting, there must be 0 / 1 / 2 / 3 failed retests for the breakout to be considered reliable. If the breakout is reliable, the algorithm will issue an entry signal. After entering the position, the algorithm will wait for the Take-Profit or Stop-Loss zones to be reached and send a signal if any of them occur. If you wonder how the indicator determines the Take-Profit and Stop-Loss zones, you can check the Settings section of the description. UNIQUENESS Although some indicators display the opening range of the session, they often fall short in features such as indicating breakouts, entries, and Take-Profit & Stop-Loss zones. We are also aware that different markets have different dynamics, and tuning the algorithm for each market is crucial for better results. That is why we decided to make the algorithm fully customizable. In addition to this, our indicator includes a detailed backtesting panel so you can see the past performance of the algorithm on the current ticker. While past performance does not guarantee future results, we believe that a backtesting panel is necessary to fine-tune the algorithm. Another strength of the indicator is that it offers multiple options for detecting Take-Profit and Stop-Loss zones, allowing traders to choose the one that fits their style best. ⚙️ SETTINGS Keep in mind that the best timeframe for this indicator is the 1-minute timeframe. TP = Take-Profit SL = Stop-Loss EMA = Exponential Moving Average OR = Opening Range ATR = Average True Range 1. Algorithm ORB Timeframe → This setting determines how long the algorithm will analyze the market after a new session begins before issuing signals. It is important to experiment with this option and find the optimal setting for the current ticker. More volatile stocks will require a higher value, while more stable stocks can use a shorter one. Sensitivity → Determines how many failed retests are required before taking an entry. Higher sensitivity means fewer retests are needed to consider the breakout reliable. If you believe the ticker makes strong moves after breaking out, use high sensitivity. If the ticker doesn’t define the trend immediately after a breakout, use low sensitivity. (High = 0 Retests, Medium = 1 Retest, Low = 2 Retests, Lowest = 3 Retests) Breakout Condition → Determines how the algorithm detects breakouts. Close = The bar must close above OR High for bullish breakouts or below OR Low for bearish breakouts. EMA = The bar’s EMA must be above/below the OR Lines instead of relying on the closing price. TP Method → Method used to determine TP zones. Dynamic = Searches for the bar where price stops following the current trend and reverses. It uses an EMA, and when the bar’s close crosses the EMA, a TP is placed. ATR = Determines TP zones before the trade happens, using the ATR of the entry bar. This option also displays the TP zones on the ORB panel. → The Dynamic method generally performs better, while the ATR method is safer and more conservative. EMA Length → Sets the length of the EMA used in both the Dynamic TP method and the “EMA Breakout Condition.” The default value usually performs well, but you can experiment to find the optimal length for the current ticker. Stop-Loss → Defines where the SL zone will be placed. Safer = SL is placed closer to OR High in bullish entries and closer to OR Low in bearish entries. Balanced = SL is placed in the middle of OR High & OR Low. Risky = SL is placed farther away, giving more room for movement. Adaptive SL → Activates only if the first TP zone is reached. Enabled = After the 1st TP hits, SL moves to the entry price, making the position risk-free. Disabled = SL never changes.
Pine Script® インジケーター
juanmr888の投稿