Wick Stop ZonesCount how many wicks bottom out in each price zone. Specify the following inputs.
Lookback: How far back from the latest candle to look for wick intersects.
Zone Size: The price range size for zone. Wicks tips that fall into each zone will be counted.
Minimum Intersects: Specifies how many wick tips must intersect with the zone before the zone is allowed to plot.
ピボットポイント
Beacon - Anthony Crudele's IndicatorBeacon uses the current volatility of the market based on your trading time frame to determine support and resistance levels, whether a trend is intact or ready to revert back in the range. One of the most difficult things I went through as a trader was determining whether we are in a trend day or if we are in grind up or grind down mode. I created Beacon to give me a simple look at the market to determine what type of environment we are in. I use Bollinger Bands (3 standard deviation) to determine the volatility cycle. Once the BB make peaks I took my Fibonacci Retracement tool and did a retracement from the peak high of the BB to the peak low. I use 70%, 50% and 30% for my support and resistance levels. I use those levels because I tested pretty much every percent level and those percentages averaged the highest performance on all tick charts and time charts. You can use Beacon on whatever time frame or tick chart you are trading on and it will determine that specific volatility cycle.
Nick Rypock Trailing Reverse (NRTR)This indicator was invented in 2001 by Konstantin Kopyrkin. The name "Nick Rypock" is derived from his surname reading in the opposite direction:
Kopyrkin -> Kopyr Kin -> Kin Kopyr -> Nik Rypok
The idea of the indicator is similar to the Chandelier Exit, but doesn't involve ATR component and uses a percentage instead.
A dynamic price channel is used to calculate the NRTR. The calculations involve only those prices that are included in the current trend and exclude the extremes related to the previous trend. The indicator is always at the same distance (in percent) from the extremes reached by prices (below the maximum peak for the current uptrend, above the minimum bottom for the current downtrend).
[JRL] Pivot Regression OscillatorIntroducing the Pivot Regression Oscillator. This oscillator uses a similar formula to the Stochastic Oscillator. However, instead of comparing the closing price to the lowest price of a period, it compares the distance between current price and the current pivot point. By basing our oscillator on pivot levels, we incorporate a much more relevant and consequential price point around which to base our comparisons.
The indicator can give reliable overbought and oversold signals, and it plots two exponential moving averages as output, which provides crossover signals that can be used to help time trades.
The Pivot Regression Oscillator can be effective for timing re-entries into a trend and seems to be able to avoid some of the false signals of other indicators.
Let me know if you find this useful. Cheers!
{INDYAN} Perfect Buy SellA simple indicator based on candle stick strength, with cpr,vwap and support resistance...
search for buy sell signal on 15 min timeframe and wait for second candle to close above/below of signal candle. Cpr pivots would act as support and resistance. Entry should only be based on 15 mins or higher timeframe. 3 and 5 mins timeframe for profit booking.
No supertrend or atr used in this indicator.
This show how a single candle can give u good trade...
Love Indyan
* tested on Banknifty and nifty , kindly share ur experiences on other scrips. Thanks
John Carter Pivot Points
This script is based on John Carter Mastering The Trade book. Pivot calculation is based on the previous day high, low, and close.
What Are the Trading Rules for Pivot Buys on Trending Days?
Sells are reversed.
1. Each day I update the appropriate pivot levels on the charts to reflect the previous day’s action. On Mondays, I also
update the weekly pivots, and on the first trading day of a new month, I update the monthly pivots.
2. The first pivot play is done in conjunction with the gap, if there is one. If there is a gap down, then I buy a decline into
the closest pivot level. If there isn’t a playable gap (more than 10 YM points or 1 ES point), then I will wait until
9:45 a.m. eastern to initiate the first play.
3. If the volume on the five-minute ES chart is more than 25,000 contracts, then I’ll wait for the markets to penetrate a
pivot level and move up at least a quarter of the way to the next pivot level. Once this happens, I will then set up a
bid to buy the first retracement back to the violated pivot level.
4. I enter my trades with limit orders only. I place orders “just in front of” the pivot. For the YM, I use 3 points; for the
ES, 0.25 point; for the NQ, 0.50 point; for the TF, 0.20 point; and for individual stocks, 5 cents. For example, if I’m
trading the YM and the pivot level is 10,000, then I would buy a decline to 10,003 and short a rally to 9997
.Sometimes the pivot will be an odd number, such as 1117.38 on the ES. In this case, I always round in the direction of
the trade. So, if I’m bidding for a long, I will round 1117.38 to 1117.50, and my bid will be 1117.75. If I’m offering a
short, I will round 1117.38 down to 1117.25 and place my offer at 1117.00. My stops and targets, then, would be “just
in front of” these appropriate long and short levels.
5. Once filled, I place an order to close the first half at the next pivot level and the second half at the pivot level after
that, using the same “just in front of” parameters.
6. I place a stop at 20 points for the YM, 2 points for the ES, 4 points for the NQ, and 1.50 points for the Russell. For
stocks, I will use a stop based roughly on the price of the stock. If the stock is under $10 a share, I will use a stop of
20 cents. If it is between $10 and $20, I will use a stop of 30 cents; if it is between $20 and $30, I will use a stop of
40 cents, and so on, adding another 10 cents for each $10 increment in price. (A $75 stock would have an 80-cent
stop, for example.)
7. If the first target is hit, I will then move up the stop to my entry-level pivot, minus the “just in front of” fractions
discussed in rule 3. For example, if I get in a YM long at 10,003 and the pivot is at 10,000, then my new stop would
be 9997 once the first target is hit.
8. If I am in a trade at the market close and neither my stop nor my target has been hit, I will close out my position “at the
market” at 4:10 p.m. eastern for futures, and at 3:58 p.m. eastern for stocks.
9. I don’t initiate any new positions after 3:30 p.m. eastern, but I will manage existing positions into the close.
10. The markets rarely have a sustained move above R3 or below S3. If I trade to those levels, I will always fade the
move.
11. After two losers in a row, I’m done with pivots for the day.
What Are the Trading Rules for Pivot Buys on Choppy Days?
Once again, sells are the same, just reversed. The rules for choppy days are identical except for the targets. On choppy days, I
just focus on the YM and the ES. My first target is mechanical: 10 points for the YM and 1 point for the ES on half of my
position. Once this is hit, I will trail up my stop in the same way I would for a trending trade. The second target becomes the
“just in front of” level for the actual next pivot level
ACD PMAPMA (Pivot Moving average) is a set of 3 EMAs on HLC3 data.
When all PMAs are rising, market is considered bullish and the color of PMA becomes green. When all PMAs are falling, market is considered bearish and the color of the PMA becomes red. Otherwise, market is considered ranging and the color becomes orange.
It's also possible to set the resolution of PMAs. For example, you can see daily PMA of 15min charts. This way, if resolution of PMA is greater than resolution of chart, a vertical line shows the beginning of the PMA's resolution candles.
These PMAs are important components of Mark Fisher's ACD strategy.
SmoothOps v1 - StudyThe purpose of this script was to fine tune an indicator on BTCUSDT . I think the results speak for themselves in the study version.
This is a script that uses the MACD to predict future price movement. The original MACD signal lags too much for my taste so I went searching for something that could give signals sooner. I decided a smooth macd would help filter out noise and grabbing the highest values and lowest values over the past number of bars. I spent several days backtesting different settings and combinations of signals to arrive at what you see now. This strategy has been fine tuned for BTC /USDT on Binance, so I suggest you only use it for that. Any other coin/pair and exchange will need a new backtest since the data will be different. This is not a generalized indicator like everything else. It's specifically good at one thing: prediction BTCUSDT on Binance.
I wanted to also add the histogram from the study version but there wasn't a good way to do that, so I came up with a visual solution using color transitions on the 168sma. When the color changes from blue to red it means the histogram is reversing.
I added forecasting to the moving averages to help people predict future movement so they can make decisions by something other than just a sign of when to buy/sell.
There is a transition prediction feature that blurs the macd signal to show when a reversal may occur before it happens.
I also added precitions into the indicator that show when there may be a possible bounce or major move because of a current squeeze in the moving averages.
And finally...
My biggest issue with indicators that other people sell is that they become visually deceptive when using supports and buy/sell signs. I came up with a solution that shows you exactly if you made profits during the trade or not. Hopefully this will inspire others to do something similar.
How to use:
Use only on BTCUSDT Binance.
Set the preset to the timeframe you want. I HIGHLY suggest only using the 1h timeframe. It gives the best profit over time.
Set the preset to custom if you want to try using your own settings.
You can change the source input if you want. ohlc4 usually works best for 1h.
Adjust the moving averages to your liking. You can also toggle the checkbox to completely remove them.
Turn on/off the forecasting of the moving averages.
Turn on/off the additional signals with the checkbox.
Transition prediction uses a blur variable to signal when the macd might be slowing down and reversing.
Bounce prediction and sensitivity tries to find possible reversal areas when price falls too fast or hits a specific moving average.
Macro signals just tries to show when price is above the 168moving average to get the macro trend.
Squeeze prediction indicates when a possible strong move may occur. Could go up or down though.
Show profit is my favorite part because it shows if you made profit during the last trade visually and non deceptively.
3 Weeks Tight - CANSLIM Technical Indicator3 Weeks Tight - Introduction
3 weeks tight is a bullish continuation pattern discovered by IBD's founder, William O'Neil.
The pattern can used as an opportunity to add to an existing position as it often occurs after a breakout above a cup with handle or other technical pattern.
The 3 weeks tight pattern forms when a stock closes within approximately 1% to 1.5% of the prior week's close for at least two weeks. The reason for the bullishness is that it indciates that investors who moved the stock upward in price since the breakout are not taking profits, the price is holding steady.
The buy point is just above the area of resistance formed at the highs of the three weeks plus 10 cents. The ten cent addition to the price is to ensure a push through the resistance at the high of the range.
Key Points:
It's preferred that closes for each week are in the upper half of the stock's range.
Ideally, volume will increase significantly as the stocks moves past the buy point.
This pattern generally performs best when the market is in an uptrend.
Features:
A configurable horizontal bar that spans the 3 week period.
A vertical band that highlights the tightness pattern.
A label to show the buy price after 3 week tight pattern.
Optional alert when the 3 weeks tight pattern is recognized.
Kviateq - Session Pivots for CryptoPretty much the exact same indicator as my other Session Pivots, however this one also shows the weekends and the session times are set to Bitmex exchange (note: I'm in a GMT+7 timezone myself).
CPR Width + MTF, Offset and BarcolorsDue to the request of some users and inspired by "5 Day ADR ICT Intraday Tracker" I updated "CPR Width" and added extra functionality for your convenience.
Point and Figure Chart - LiveHello Traders,
This is "Point and Figure Chart (PnF)" script that run in separated window in real time. The separated PnF chart window is timeless, so no relation with the time on the chart. PnF chart consist of "X" and "O" columns. While "X" columns represents rising prices, "O" column represents a falling price. If you have no idea about what PnF charting is then you should search for "Point and Figure Charting" on the net and get some info before using this script.
Now lets talk about details. PnF Chart requires at least two variables to be set => Box size and Reversal. Box size represents the size of each X/O in PnF chart and the reversal is used to calculate new X/O or reversal. for example if currrent column is X column then for new "X", "box size * 1" move is needed and for new "O" column or reversal, "box size * revelsal" move is needed. in the script I use lines as X/O columns.
In the options you can set "Box Size Assingment Method". you have 3 options Traditional, ATR, Percentage . what are they?
Traditional: user-defined box size, means you can set the box size as you wish, using the option . if you use this option then you should set it accordingly.
ATR : that's dynamic box size scaling and on each columns it's calculated once, you can set length for ATR
Percentage: that's also dynamic box size scaling according to closing price when new column appeared. if you use this option then you should set it accordingly.
Reversal: The reversal is typically 3 but you can change it as you wish
"Change Bar Color by PnF Trend": if you enable this option then bar color changes by PnF columns, by default it's not enabled
"Change Column Color When Breakout Occurs": PnF color changes if Double Top/Bottom breakout accours. enabled by default and you can set the colors as you wish using the options
"Change Bar Color When Breakout Occurs": bar colors changed if Double Top/Bottom breakout accours. enabled by default and you can set the colors as you wish using the options
the script checks only Double Top/Bottom breakouts at the moment. there are many other breakouts such Triple/Quadruple, Ascending/Descending Triple Top/Bottom breakouts, Catapult etc.
Also the script shows new X/O level and reversal Levels in PnF window. An example:
If you enable "Change Bar Color by PnF Trend" option:
An example if you disable the option "Change Column Color When Breakout Occurs
You may want to see my another/older "Point and Point Chart" script as well. you can find it in my profile/published scripts and in the Public Library. I use same PnF calculation algorithm in both scripts.
Enjoy!
Tweezers and Kangaroo TailHello Traders,
Here Tweezers and Kangaroo Tail script is in your service. The script searches for Tweezer / Kangaroo Tail candlestick patterns and shows them as T (Tweezer) and K (Kangaroo Tail). Thanks to RorschachT who game me the idea and some details while working on this script.
What are these candlestick patterns?
Tweezers :
- A tweezers pattern occurs when the highs/Lows of two candlesticks occur at almost exactly the same level
- Both candles must have wicks
- Bigger Wick / Smaller Wick rate should not be greater than 150% ( 150% by default and you have option to change it)
- First Candle must be highest/lowest for last 5 candles (5 by default and you have option to change it)
- The level of High for Top, Low for Bottom must be almost lower than 20% of the bigger wick of tweezer candles (20% by default and you have option to change it)
- The Candles can be right next to each other or apart but not more than 12 candles apart (12 by default and you have option to change it)
- You will see that Tweezers pattern occurs frequently
Kangaroo Tail:
- Looks almost like a Hammer or Inverted Hammer candle
- They have both its open and close in the top or bottom third of the candle
- There must be some space/room on the left of the kangaroo tail
- The open and close of the Kangaroo Tail candle must be inside the range of the previous candlestick
- The next candle should create a new high or new low
- You have several options to set details about the "Room" that should be on the left and also options for Wick/Body rates
- You can see example below
You have option to enable/disable any of these patterns.
as far as I have tested they are strong reversal patterns but none of the indicators or patterns may not be enough alone. so you should confirm the signals using other indicators or tools
If you need more information you can find a lot of info on the net ;)
Example: Tweezers - Aparted
Example: Kangaroo Tail - Bullish
Enjoy!
Range support and resistanceWelcome all
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This script specially is for Kunal Saraogi Senani Traders and beginners.
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With this script you can find support and resistance for input range on any time-frame chart.
You need not draw line by own. You just input your desired range and this script will do your work automatically.
You can adjust range according to your choice.
Also have an option to select range source which help you to find support and resistance on the basis of close price or high/low of input range. Default range source is close price.
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Latest support and resistance value labels also display on the chart.
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To use this script, add to favorite and apply on chart.
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Feel free to comment your suggestions.
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Thanks all
Gann Toolbox V2// ========================================================================//
This script is meant to help you save a lot of time plotting your Gann Boxes and Cycles correctly and accurately.
This is a recoded version of "Gann ToolBox V1.5/1.7"
This script allows you to scale your boxes and square them with a simple input in the script's settings "$ per degree".
It includes a few default cycles already built into it ( March and September ) and an advance mode that lets you place the box anywhere you want and create your own custom cycle. through any time period you want.
You get the 1:1, 1:2, 2:1 Gann fan angles at each corner of the box and some additional angles at the midpoint to give you a complete star formation.
Using the Advance mode you can also adjust the length of your custom cycle and the global height increments. Default is 360degrees.
You can also play with the offset values for your cycles.
That's not all, you also get to plot your horizontal lines between each cycle at an increment of your choosing.
Using this script you will be able to plot any cycle that you want with a few clicks & and a few seconds.
in the advance more you could extend the advance custom cycle to engulf future price action.
This script work with all the assets correctly and beautifully from Stocks to Crypto-Currencies.
// ========================================================================//
This script comes with "Gann Seasonal Dates, Gann Planets vs Sun, Moon at Zero" as addons if you decide to purchase it.
// ========================================================================//
My contact information are available and listed below.
Enjoy!
Low-ATR IndicatorWe often want to use a stop loss at a certain low - N*ATR,
But it is too troublesome to manually calculate a certain day low - ATR.
This indicator simply calculates it for you, by marking the value of day low - ATR.
By default the hardcoded ATR value is 0, which means "Uses the ATR at that day with configured look back period".
If you want to use a specific ATR value, e.g.
1) You want to set the stop loss using today's ATR but another day's day low (Very often)
2) You want to set the stop loss in another timeframe - N*ATR
You can type in the value of ATR into the "hardcoded ATR" field.
(Actually this should be the most used way)
Smooth First Derivative IndicatorIntroducing the Smooth First Derivative indicator. For each time step, the script numerically differentiates the price data using prior datapoints from the look-back window. The resulting time derivative (the rate of price change over time) is presented as a centered oscillator.
A first derivative is a versatile tool used in functional data analysis. When applied to price data, it can be applied to analyze momentum, confirm trend direction, and identify pivot points.
Model Description:
The model assumes that, within the look-back window, price data can be well approximated by a smooth differentiable function. The first derivative can then be computed numerically using a noise-robust one-sided differentiator. The current version of the script employs smooth differentiators developed by P. Holoborodko (www.holoborodko.com). Note that the Indicator should not be confused with Constance Brown's Derivative Oscillator.
Input parameter:
The Bandwidth parameter sets the number of points in the moving look-back window and thus determines the smoothness of the first derivative curve. Note that a smoother Indicator shows a greater lag.
Interpretation:
When using this Indicator, one should recall that the first derivative can simply be interpreted as the slope of the curve:
- The maximum (minimum) in the Indicator corresponds to the point at which the market experiences the maximum upward (downward) slope, i.e., the inflection point. The steeper the slope, the greater the Indicator value.
- The positive-to-negative zero-crossing in the Indicator suggests that the market has formed a local maximum (potential start of a downtrend or a period of consolidation). Likewise, a zero-crossing from negative to positive is a potential bullish signal.
tradershedge
Dear Traders,
This script will get a smile on most of the pivot and price action traders.
My trading skills have drastically improved after learning the concepts of central pivot point, supply and demand and more importantly understanding of the simple candle stick patterns.
This is my experiment of decoding the above mentioned concepts to simple trading setups which can be used across any instruments and across any timeframes.
The most essential and must skills required in order to achieve profits in trading is to identify the right trend, exact entry and exits, risk management and importantly understanding the market structure along with the traders emotion.
Let’s just decipher each of the essential skills along the tools we will be using for analyzing each of the section
TREND ANALYSIS
Central pivot range ( CPR ) : is used to identify the market structure and the major trend of the instrument you are going to trade. This will help in identifying the mean reversions & trending trade setups in the market.
Developing Dynamic Pivots & Future Targets
This setup will help us in decoding the closing and opening market sentiment and will help us in planning our trade upfront. This home work in post & pre-market session will increase the odds of the trade in our favor to a great extent.
Trend Identification & Dynamic Support & Resistance
I have also included the Pivot based exponential moving average (PEMA) to visually identify the current trend and it also shows the current trend by dynamically changing the colors for bull & bear market in the PEMA zone.
VALUE AREA
We know that the market works on supply and demand and when the price arrives at these zones the market reacts very faithfully. Hence it’s very important for a trader to know in advance where these levels exist before entering the market.
This Indicator bridges this gap by showing in advance the future value areas where the price reaction can be expected and trades can be planned accordingly. Hence it can anticipate the market move with a strong logic behind us rather than leaving the trader in surprise.
This value area zone will be highlighted in different colors on the chart will be grab your attention and help in planning your trade accordingly.
Market Sentiment
Each market session is a story in itself which is been scripted by the movements of each candle sticks, hence if we understand the relationship between each candles as it is getting formed we can predicate the future candle stick formation to a great extent.
i have coded the indicator triggers which reads the relationship between each candles and shows signals of reversals and also give traders alerts when the price rejection occurs.
Various shapes of rejection signs are plotted for bullish and bearish reversals which help in prediction the strength of the price rejection which will help the trader in planning his trade.
The various shapes in the order of strength are diamond, square, arrows, and triangle respectively.
Entry & Exits
The volatility is the key in predicting the market movement. If we identify the trend correctly then all we have to do is set our expectations accordingly for the targets based on the volatility of the instrument.
The indicator basically captures the recent volatility for the specified look back period and plots across the possible price movements for the current session.
Based on your entry setups you can get a reference of the maximum targets we can expect with the help of the levels the indicator plots.
Please do feel free to use the indicator and give your valuable feed backs which will help me in optimizing it to a great extent.
I am in the process of optimizing the price triggers to a greater extent and also dynamically plot the possible demand and supply zones in coming future.
I would love to thank each of the traders in this TradingView community in helping me improve on my trading skills.
Happy Trading !
[CP]Structural Pivots v2.0This script marks structural pivots on a chart.
Script marks namely 4 types of pivots,
Structural Pivot High (SPH)
Structural Pivot Low (SPL)
Large Pivot High (LPH)
Large Pivot High (LPL)
SPL (Blue circles at bar low) is marked by finding a combination of 3 bars, an Anchor Bar, Bar 1 and Bar 2.
Bar 1 and Bar 2 should have a higher high and a higher close relative to the Anchor Bar in order to qualify as a legitimate SPL .
Reverse conditions are required for a point to be marked as SPH (Blue circles at bar high).
The complication happens for the fact that Anchor Bar, Bar 1 and Bar 2 need not be consecutive.
They can be far apart from themselves.
To solve this problem, the script generates 3-bar Combinations of all the bars from the last pivot to the current bar.
LPH are marked when an SPL gets broken (price goes below the previously marked SPL).
LPL are marked when an SPH gets broken (price goes above the previously marked SPH).
Unlike 'regular' methods of quantifying breakouts and trailing stops by optimizing various parameters of indicators, this method essentially
finds out swing highs, swing lows and S/R breaks.
One way to use the pivots is to go long when the LPH is broken, and trail the price with SPLs.
Vice-versa for shorts.
PM me on TradingView to obtain access.
Please don't ask for access in the comments section.
@Cross_Media&Pivot&TRADE_Entry_and_ExitThis script uses the functions plot(), cross(), plotcandle(), pivothigh() and pivotllow(). You can see the candles in the color green, above EMA 72 (Exponetional Move Average), and the color red, below EMA72. You can identify the position of the crossing UP and DOWN of the EMA 08 x EMA 17, EMA 17 x EMA72. You can identify the TRADE ENTRY points with the pivot high and TRADE EXIT with the pivot Low.
MRP_DAILY_LEVELIntraday Indicator: #MRP_DAILY_LEVEL
This indicator plots support and resistance levels based on fibonnaci levels.
1. Understanding The Levels:
Intermediate Zone is two brown coloured lines.
Resistance is two red coloured lines.
Support is two green coloured lines.
Buy target and Sell Target are white coloured lines on both sides.
-Price is strong when it is above the Intermediate Zone.
-Price is weak when it is below the Intermediate Zone.
-Price remains range bound when it stays inside the Intermediate Zone.
-Price is very strong when it's above Resistance Zone
-Price is very weak when it's below Support Zone
-Buy Target & Sell Target are the zones where you should take or trail your profit.
2.For Buying/Selling:
-Buy only when 15min close above Resistance Zone. SL below Resistance Zone.
-If 15min close is in huge range, you can buy/sell after pullback to Resistance/Support Zone.
-Also you can buy/sell if 15min close is above/below Buy/Sell target zone if you missed the rally.
-Sell only when the 15min close below Support Zone. SL above Support Zone.
MTP AnalysisThe MTP Reversal Bars, MTP Swing Pivots and MTP ATR Stop are all included in the MTP Analysis Script.
The MTP Reversal Bars give the entry triggers for the MTPredictor Trade Setups. Blue for a potential Buy, Red for a potential Sell, and Grey for neutral. Please note, these are only to be used in conjunction with our MT Trade and MTP Advanced Trade Setup Scripts, and are only relevant at (or up to 5 bars after) a potential trade setup. They are calculated using a unique combination of reversal triggers.
The MTP Swing Pivots connect the swing highs and lows on your chart, giving you the Pivots off which to work for your MTPredictor Analysis, for example when using our MTP Decision Point (DP) Script. The Swing Pivots use the number of Bars either side of the pivots for its construction (not a % retracement), and as such are not a simple Zig-zag indicator.
The MTP ATR Stop is used to trail your protective Stop, once in a position, when the Market is “strong” (MTP Trend indicator is beyond the strength band) when the market reaches its projected Profit target. Please see the MTP Trend indicator Script for more information on this.
There is a risk in Trading and Investing. Losses can and will unfold.
The script is available as an “invite-only” script, as part of the MTPredictor suite of tools on Trading View.
To obtain access, please go to the web page in our signature that appears below.
