Reversal Signals [AlgoAlpha]📈🔄 Reversal Signals – Master Market Reversals with Precision! 🚀✨
Elevate your trading strategy with the Reversal Signals indicator by AlgoAlpha. This advanced tool is designed to pinpoint potential bullish and bearish reversals by analyzing price action and, optionally, volume confirmations. It seamlessly combines reversal detection with trend analysis, giving you a comprehensive view of market dynamics to make informed trading decisions.
Key Features
🔎 Price Action Reversal Detection : Identifies potential reversal points by comparing current price movements against historical candle patterns within a customizable lookback period.
📊 Volume Confirmation : Optionally integrates volume analysis to confirm the strength of reversal signals, enhancing their reliability.
📈 Stepped Moving Average Trend Indicator : Employs a stepped moving average that adjusts at set intervals to reflect underlying market trends.
⚙️ Customizable Settings : Tailor the indicator to your trading style with adjustable parameters for lookback periods, confirmation windows, moving average types, and more.
🎨 Visual Signals and Trend Coloring : Clear on-chart labels for reversal signals and color-coded trend areas to quickly identify bullish and bearish conditions.
🔔 Alerts for Key Market Events : Set up custom alerts for reversal signals and trend shifts to stay ahead of market movements.
Quick Guide to Using the Reversal Signals Indicator :
🛠 Add the Indicator : Add the indicator to your favorites by pressing the star icon. Customize settings like Candle Lookback, Confirm Within, and Use Volume Confirmation to fit your trading style.
📊 Market Analysis : Observe the "𝓡" labels on the chart indicating bullish and bearish reversal signals. Look for labels below the bars for bullish signals and above the bars for bearish signals. Use the color-filled areas between the stepped moving average and the center line to assess market trends.
🔔 Alerts : Enable notifications for reversal signals and trend shifts to stay informed about market movements without constantly monitoring the chart.
How It Works
The Reversal Signals indicator operates by conducting a thorough analysis of price action over a user-defined lookback period. For a bullish reversal, the indicator checks if the current closing price is lower than the lows of the preceding candles within the lookback window, suggesting a potential oversold condition. If this criterion is met, it marks the candle as a potential reversal point and waits for confirmation within a specified number of subsequent candles. Confirmation occurs when the price rises above the high of the identified candle, signaling a bullish reversal. An optional volume confirmation can be enabled to ensure that the reversal is supported by higher-than-average trading volume, adding an extra layer of validation to the signal. The process is mirrored for bearish reversals, where the indicator looks for the closing price exceeding previous highs and awaits confirmation of a downward move.
Complementing the reversal signals, the indicator features a stepped moving average that serves as a dynamic trend indicator. This moving average updates at intervals defined by the MA Step Period and shifts direction based on price crossings. If the price remains above the stepped MA, it indicates a bullish trend, coloring the area between the MA and the center line in green. Conversely, if the price falls below the stepped MA, a bearish trend is signaled, and the area is shaded red. This visual representation helps traders quickly assess the prevailing market trend and align their trading decisions accordingly.
Experience a new level of market insight with the Reversal Signals indicator. Add it to your TradingView chart today and enhance your ability to detect and act on key ma
Trendfollower
Half Trend Regression [AlgoAlpha]Introducing the Half Trend Regression indicator by AlgoAlpha, a cutting-edge tool designed to provide traders with precise trend detection and reversal signals. This indicator uniquely combines linear regression analysis with ATR-based channel offsets to deliver a dynamic view of market trends. Ideal for traders looking to integrate statistical methods into their analysis to improve trade timing and decision-making.
Key Features
🎨 Customizable Appearance : Adjust colors for bullish (green) and bearish (red) trends to match your charting preferences.
🔧 Flexible Parameters : Configure amplitude, channel deviation, and linear regression length to tailor the indicator to different time frames and trading styles.
📈 Dynamic Trend Line : Utilizes linear regression of high, low, and close prices to calculate a trend line that adapts to market movements.
🚀 Trend Direction Signals : Provides clear visual signals for potential trend reversals with plotted arrows on the chart.
📊 Adaptive Channels : Incorporates ATR-based channel offsets to account for market volatility and highlight potential support and resistance zones.
🔔 Alerts : Set up alerts for bullish or bearish trend changes to stay informed of market shifts in real-time.
How to Use
🛠 Add the Indicator : Add the Half Trend Regression indicator to your chart from the TradingView library. Access the settings to customize parameters such as amplitude, channel deviation, and linear regression length to suit your trading strategy.
📊 Analyze the Trend : Observe the plotted trend line and the filled areas under it. A green fill indicates a bullish trend, while a red fill indicates a bearish trend.
🔔 Set Alerts : Use the built-in alert conditions to receive notifications when a trend reversal is detected, allowing you to react promptly to market changes.
How It Works
The Half Trend Regression indicator calculates linear regression lines for the high, low, and close prices over a specified period to determine the general direction of the market. It then computes moving averages and identifies the highest and lowest points within these regression lines to establish a dynamic trend line. The trend direction is determined by comparing the moving averages and previous price levels, updating as new data becomes available. To account for market volatility, the indicator calculates channels above and below the trend line, offset by a multiple of half the Average True Range (ATR). These channels help visualize potential support and resistance zones. The area under the trend line is filled with color corresponding to the current trend direction—green for bullish and red for bearish. When the trend direction changes, the indicator plots arrows on the chart to signal a potential reversal, and alerts can be set up to notify you. By integrating linear regression and ATR-based channels, the indicator provides a comprehensive view of market trends and potential reversal points, aiding traders in making informed decisions.
Enhance your trading strategy with the Half Trend Regression indicator by AlgoAlpha and gain a statistical edge in the markets! 🌟📊
Power Root SuperTrend [AlgoAlpha]📈🚀 Power Root SuperTrend by AlgoAlpha - Elevate Your Trading Strategy! 🌟
Introducing the Power Root SuperTrend by AlgoAlpha, an advanced trading indicator that enhances the traditional SuperTrend by incorporating Root-Mean-Square (RMS) calculations for a more responsive and adaptive trend detection. This innovative tool is designed to help traders identify trend directions, potential take-profit levels, and optimize entry and exit points with greater accuracy, making it an excellent addition to your trading arsenal.
Key Features:
🔹 Root-Mean-Square SuperTrend Calculation : Utilizes the RMS of closing prices to create a smoother and more sensitive SuperTrend line that adapts quickly to market changes.
🔸 Multiple Take-Profit Levels : Automatically calculates and plots up to seven take-profit levels (TP1 to TP7) based on market volatility and the change in SuperTrend values.
🟢 Dynamic Trend Coloring : Visually distinguish between bullish and bearish trends with customizable colors for clearer market visualization.
📊 RSI-Based Take-Profit Signals : Incorporates the Relative Strength Index (RSI) of the distance between the price and the SuperTrend line to generate additional take-profit signals.
🔔 Customizable Alerts : Set alerts for trend direction changes, achievement of take-profit levels, and RSI-based take-profit conditions to stay informed without constant chart monitoring.
How to Use:
Add the Indicator : Add the indicator to favorites by pressing the ⭐ icon or search for "Power Root SuperTrend " in the TradingView indicators library and add it to your chart. Adjust parameters such as the ATR multiplier, ATR length, RMS length, and RSI take-profit length to suit your trading style and the specific asset you are analyzing.
Analyze the Chart : Observe the SuperTrend line and the plotted take-profit levels. The color changes indicate trend directions—green for bullish and red for bearish trends.
Set Alerts : Utilize the built-in alert conditions to receive notifications when the trend direction changes, when each TP level is drawn, or when RSI-based take-profit conditions are met.
How It Works:
The Power Root SuperTrend indicator enhances traditional SuperTrend calculations by applying a Root-Mean-Square (RMS) function to the closing prices, resulting in a more responsive trend line that better reflects recent price movements. It calculates the Average True Range (ATR) to determine the volatility and sets the upper and lower SuperTrend bands accordingly. When a trend direction change is detected—signified by the SuperTrend line switching from above to below the price or vice versa—the indicator calculates the change in the SuperTrend value. This change is then used to establish multiple take-profit levels (TP1 to TP7), each representing incremental targets based on market volatility. Additionally, the indicator computes the RSI of the distance between the current price and the SuperTrend line to generate extra take-profit signals when the RSI crosses under a specific threshold. The combination of RMS calculations, multiple TP levels, dynamic coloring, and RSI signals provides traders with a comprehensive tool for identifying trends and optimizing trade exits. Customizable alerts ensure that traders can stay updated on important market developments without needing to constantly watch the charts.
Elevate your trading strategy with the Power Root SuperTrend indicator and gain a smarter edge in the markets! 🚀✨
Trend Magic Enhanced [AlgoAlpha]🔥✨ Trend Magic Enhanced - Boost Your Trend Analysis! 🚀📈
Introducing the Trend Magic Enhanced indicator by AlgoAlpha, a powerful tool designed to help you identify market trends with greater accuracy. This advanced indicator combines the Commodity Channel Index (CCI) and Average True Range (ATR) to calculate dynamic support and resistance levels, known as the Trend Magic. By smoothing the Trend Magic with various moving average types, this indicator provides clearer trend signals and helps you make more informed trading decisions.
Key Features :
🎯 Unique Trend Identification : Combines CCI and ATR to detect market trends and potential reversals.
🔄 Customizable Smoothing : Choose from SMA, EMA, SMMA, WMA, or VWMA to smooth the Magic Trend for clearer signals.
🎨 Flexible Appearance Settings : Customize colors for bullish and bearish trends to suit your charting preferences.
⚙️ Adjustable Parameters : Modify CCI period, ATR period, ATR multiplier, and smoothing length to align with your trading strategy.
🔔 Alert Notifications : Set alerts for trend shifts to stay ahead of market movements.
📈 Visual Signals : Displays trend direction changes directly on the chart with up and down arrows.
Quick Guide to Using the Trend Magic Enhanced Indicator
🛠 Add the Indicator : Add the indicator to your chart by pressing the star icon to add it to favorites. Customize settings such as CCI period, ATR multiplier, ATR period, smoothing options, and colors to match your trading style.
📊 Analyze the Chart : Observe the Trend Magic line and the color-coded trend signals. When the Trend Magic line turns bullish (e.g., green), it indicates an upward trend, and when it turns bearish (e.g., red), it indicates a downward trend. Use the visual arrows to spot trend direction changes.
🔔 Set Alerts : Enable alerts to receive notifications when a trend shift is detected, so you can act promptly on trading opportunities without constantly monitoring the chart.
How It Works:
The Trend Magic Enhanced indicator integrates the Commodity Channel Index (CCI) and Average True Range (ATR) to calculate a dynamic Trend Magic line. By adjusting price levels based on CCI values—upward when CCI is positive and downward when negative—and factoring in ATR for market volatility, it creates adaptive support and resistance levels. Optionally smoothed with various moving averages to reduce noise, the indicator changes line color based on trend direction, highlights trend changes with arrows, and provides alerts for significant shifts, aiding traders in identifying potential entry and exit points.
Enhancements Over the Original Trend Magic Indicator
The Trend Magic Enhanced indicator significantly refines the trend identification method of the original Trend Magic script by introducing customizable smoothing options and additional analytical features. While the original indicator determines trend direction solely based on the Commodity Channel Index (CCI) crossing above or below zero and adjusts the Magic Trend line using the Average True Range (ATR), the enhanced version allows users to smooth the Magic Trend line with various moving average types (SMA, EMA, SMMA, WMA, VWMA). This smoothing reduces market noise and provides clearer trend signals. Additionally, the enhanced indicator incorporates price action analysis by detecting crossovers and crossunders of price with the Magic Trend line, and it visually marks trend changes with up and down arrows on the chart. These improvements offer a more responsive and accurate trend detection compared to the original method, enabling traders to identify potential entry and exit points more effectively.
Enhance your trading strategy with the Trend Magic Enhanced indicator by AlgoAlpha and gain a clearer perspective on market trends! 🌟📈
Zero Lag Trend Signals (MTF) [AlgoAlpha]Zero Lag Trend Signals 🚀📈
Ready to take your trend-following strategy to the next level? Say hello to Zero Lag Trend Signals , a precision-engineered Pine Script™ indicator designed to eliminate lag and provide rapid trend insights across multiple timeframes. 💡 This tool blends zero-lag EMA (ZLEMA) logic with volatility bands, trend-shift markers, and dynamic alerts. The result? Timely signals with minimal noise for clearer decision-making, whether you're trading intraday or on longer horizons. 🔄
🟢 Zero-Lag Trend Detection : Uses a zero-lag EMA (ZLEMA) to smooth price data while minimizing delay.
⚡ Multi-Timeframe Signals : Displays trends across up to 5 timeframes (from 5 minutes to daily) on a sleek table.
📊 Volatility-Based Bands : Adaptive upper and lower bands, helping you identify trend reversals with reduced false signals.
🔔 Custom Alerts : Get notified of key trend changes instantly with built-in alert conditions.
🎨 Color-Coded Visualization : Bullish and bearish signals pop with clear color coding, ensuring easy chart reading.
⚙️ Fully Configurable : Modify EMA length, band multiplier, colors, and timeframe settings to suit your strategy.
How to Use 📚
⭐ Add the Indicator : Add the indicator to favorites by pressing the star icon. Set your preferred EMA length and band multiplier. Choose your desired timeframes for multi-frame trend monitoring.
💻 Watch the Table & Chart : The top-right table dynamically updates with bullish or bearish signals across multiple timeframes. Colored arrows on the chart indicate potential entry points when the price crosses the ZLEMA with confirmation from volatility bands.
🔔 Enable Alerts : Configure alerts for real-time notifications when trends shift—no need to monitor charts constantly.
How It Works 🧠
The script calculates the zero-lag EMA (ZLEMA) by compensating for data lag, giving traders more responsive moving averages. It checks for volatility shifts using the Average True Range (ATR), multiplied to create upper and lower deviation bands. If the price crosses above or below these bands, it marks the start of new trends. Additionally, the indicator aggregates trend data from up to five configurable timeframes and displays them in a neat summary table. This helps you confirm trends across different intervals—ideal for multi-timeframe analysis. The visual signals include upward and downward arrows on the chart, denoting potential entries or exits when trends align across timeframes. Traders can use these cues to make well-timed trades and avoid lag-related pitfalls.
Adaptive SuperTrend Oscillator [AlgoAlpha]Adaptive SuperTrend Oscillator 🤖📈
Introducing the Adaptive SuperTrend Oscillator , an innovative blend of volatility clustering and SuperTrend logic designed to identify market trends with precision! 🚀 This indicator uses K-Means clustering to dynamically adjust volatility levels, helping traders spot bullish and bearish trends. The oscillator smoothly tracks price movements, adapting to market conditions for reliable signals. Whether you're scalping or riding long-term trends, this tool has got you covered! 💹✨
🔑 Key Features:
📊 Volatility Clustering with K-Means: Segments volatility into three levels (high, medium, low) using a K-Means algorithm for precise trend detection.
📈 Normalized Oscillator : Allows for customizable smoothing and normalization, ensuring the oscillator remains within a fixed range for easy interpretation.
🔄 Heiken Ashi Candles : Optionally visualize smoothed trends with Heiken Ashi-style candlesticks to better capture market momentum.
🔔 Alert System : Get notified when key conditions like trend shifts or volatility changes occur.
🎨 Customizable Appearance : Fully customizable colors for bullish/bearish signals, along with adjustable smoothing methods and lengths.
📚 How to Use:
⭐ Add the indicator to favorites by pressing the star icon. Customize settings to your preference:
👀 Watch the chart for trend signals and reversals. The oscillator will change color when trends shift, offering visual confirmation.
🔔 Enable alerts to be notified of critical trend changes or volatility conditions
⚙️ How It Works:
This script integrates SuperTrend with volatility clustering by analyzing ATR (Average True Range) to dynamically identify high, medium, and low volatility clusters using a K-Means algorithm . The SuperTrend logic adjusts based on the assigned volatility level, creating adaptive trend signals. These signals are then smoothed and optionally normalized for clearer visual interpretation. The Heiken Ashi transformation adds an additional layer of smoothing, helping traders better identify the market's true momentum. Alerts are set to notify users of key trend shifts and volatility changes, allowing traders to react promptly.
Standardized PSAR Oscillator [AlgoAlpha]Enhance your trading experience with the "Standardized PSAR Oscillator" 🪝, a powerful tool that combines the Parabolic Stop and Reverse (PSAR) with standardization techniques to offer more nuanced insights into market trends and potential reversals.
🔑 Key Features:
- 🛠 Customizable PSAR Settings: Adjust the starting point, increment, and maximum values for the PSAR to tailor the indicator to your strategy.
- 📏 Standardization: Smooth out volatility by standardizing the PSAR values using a customizable EMA, making reversals easier to identify.
- 🎨 Dynamic Color-Coding: The oscillator changes colors based on market conditions, helping you quickly spot bullish and bearish trends.
- 🔄 Divergence Detection: Automatic detection of bullish and bearish divergences with customizable sensitivity and confirmation settings.
- 🔔 Alerts: Set up alerts for key events like zero-line crossovers and trend weakening, ensuring you never miss a critical market move.
🚀 How to Use:
✨ Add the Indicator: Add the indicator to favorites by pressing the star icon, adjust the settings to suite your needs.
👀 Monitor Signals: Watch for the automatic plotting of divergences and reversal signals to identify potential market entries and exits.
🔔 Set Alerts: Configure alerts to get notified of key changes without constantly monitoring the charts.
🔍 How It Works:
The Standardized PSAR Oscillator is an advanced trading tool that refines the traditional PSAR (Parabolic Stop and Reverse) indicator by incorporating several key enhancements to improve trend analysis and signal accuracy. The script begins by calculating the PSAR, a widely used indicator known for its effectiveness in identifying trend reversals. To make the PSAR more adaptive and responsive to market conditions, it is standardized using an Exponential Moving Average (EMA) of the high-low range over a user-defined period. This standardization helps to normalize the PSAR values, making them more comparable across different market conditions.
To further enhance signal clarity, the standardized PSAR is then smoothed using a Weighted Moving Average (WMA). This combination of EMA and WMA creates an oscillator that not only captures trend direction but also smooths out market noise, providing a cleaner signal. The oscillator's values are color-coded to visually indicate its position relative to the zero line, with additional emphasis on whether the WMA is rising or falling—this helps traders quickly interpret the trend’s strength and direction.
The oscillator also includes built-in divergence detection by comparing pivot points in price action with those in the oscillator. This feature helps identify potential discrepancies between the price and the oscillator, signaling possible trend reversals. Alerts can be configured for when the oscillator crosses the zero line or when a trend shows signs of weakening, ensuring that traders receive timely notifications to act on emerging opportunities. These combined elements make the Standardized PSAR Oscillator a robust tool for enhancing your trading strategy with more reliable and actionable signals
Market Sentiment Fear and Greed [AlgoAlpha]Unleash the power of sentiment analysis with the Market Sentiment Fear and Greed Indicator! 📈💡 This tool provides insights into market sentiment, helping you make informed trading decisions. Let's dive into its key features and how it works. 🚀✨
Key Features 🎯
🧠 Sentiment Analysis : Calculates market sentiment using volume and price data. 📊
📅 Customizable Lookback Window : Adjust the lookback period to fine-tune sensitivity. 🔧
🎨 Bullish and Bearish Colors : Visualize trends with customizable colors. 🟢🔴
🚀 Impulse Detection : Identifies bullish and bearish impulses for trend confirmation. 🔍
📉 Normalized Sentiment Index : Offers a normalized view of market sentiment. 📊
🔔 Alerts : Set alerts for key sentiment changes and trend impulses. 🚨
🟢🔴 Table Visualization : Displays sentiment strength using a gradient color table. 🗂️
How to Use 📖
Maximize your trading potential with this indicator by following these steps:
🔍 Add the Indicator : Search for "Market Sentiment Fear and Greed " in TradingView's Indicators & Strategies. Customize settings like the lookback window and trend breakout threshold to suit your trading strategy.
📊 Monitor Sentiment : Watch the sentiment gauge and plot changes to detect market sentiment shifts. Use the Normalized Sentiment Index for a more balanced view.
🚨 Set Alerts : Enable alerts for sentiment flips and trend impulses to stay ahead of market movements.
How It Works ⚙️
The indicator calculates market sentiment by averaging the volume and closing prices over a user-defined lookback period, creating a sentiment score. It differentiates between bullish and bearish sentiment by evaluating whether the closing price is higher or lower than the opening price, summing the respective volumes. The true sentiment is determined by comparing these summed values, with a positive score indicating bullish sentiment and a negative score indicating bearish sentiment. The indicator further normalizes this sentiment score by dividing it by the EMA of the highest high minus the lowest low over double the lookback period, ensuring values are constrained between -1 and 1. Bullish and bearish impulses are identified using Hull Moving Averages (HMA) of the positive and negative sentiments, respectively. When these impulses exceed a calculated threshold based on the standard deviation of the sentiment, it indicates a significant trend change. The script also includes a gradient color table to visually represent the strength of sentiment, and customizable alerts to notify users of key sentiment changes and trend impulses.
Unlock deeper insights into market sentiment and elevate your trading strategy with the Market Sentiment Fear and Greed Indicator! 📈✨
Efficiency Weighted OrderFlow [AlgoAlpha]Introducing the Efficiency Weighted Orderflow Indicator by AlgoAlpha! 📈✨
Elevate your trading game with our cutting-edge Efficiency Weighted Orderflow Indicator, designed to provide clear insights into market trends and potential reversals. This tool is perfect for traders seeking to understand the underlying market dynamics through efficiency-weighted volume calculations.
🌟 Key Features 🌟
✨ Smooth OrderFlow Calculation : Option to smooth order flow data for more consistent signals.
🔧 Customizable Parameters : Adjust the Order Flow Period and HMA Smoothing Length to fit your trading strategy.
🔍 Visual Clarity : Easily distinguish between bullish and bearish trends with customizable colors.
📊 Standard Deviation Normalization : Keeps order flow values normalized for better comparison across different market conditions.
🔔 Trend Reversal Alerts : Stay ahead with built-in alert conditions for significant order flow changes.
🚀 Quick Guide to Using the Efficiency Weighted Orderflow Indicator
🛠 Add the Indicator: Search for "Efficiency Weighted Orderflow " in TradingView's Indicators & Strategies. Customize settings like smoothing and order flow period to fit your trading style.
📊 Market Analysis: Watch for trend reversal alerts to capture trading opportunities by studying the behaviour of the indicator.
🔔 Alerts: Enable notifications for significant order flow changes to stay updated on market trends.
🔍 How It Works
The Efficiency Weighted Orderflow Indicator starts by calculating the efficiency of price movements using the absolute difference between the close and open prices, divided by volume. The order flow is then computed by summing these efficiency-weighted volumes over a specified period, with an option to apply Hull Moving Average (HMA) smoothing for enhanced signal stability. To ensure robust comparison, the order flow is normalized using standard deviation. The indicator plots these values as columns, with distinct colors representing bullish and bearish trends. Customizable parameters for period length and smoothing allow traders to tailor the indicator to their strategies. Additionally, visual cues and alert conditions for trend reversals and significant order flow changes keep traders informed and ready to act. This indicator improves on the Orderflow aspect of our Standardized Orderflow indicator. The Efficiency Weighted Orderflow is less susceptible to noise and is also quicker at detecting trend changes.
Moving Average Cross Probability [AlgoAlpha]Moving Average Cross Probability 📈✨
The Moving Average Cross Probability by AlgoAlpha calculates the probability of a cross-over or cross-under between the fast and slow values of a user defined Moving Average type before it happens, allowing users to benefit by front running the market.
✨ Key Features:
📊 Probability Histogram: Displays the Probability of MA cross in the form of a histogram.
🔄 Data Table: Displays forecast information for quick analysis.
🎨 Customizable MAs: Choose from various moving averages and customize their length.
🚀 How to Use:
🛠 Add Indicator: Add the indicator to favorites, and customize the settings to suite your trading style.
📊 Analyze Market: Watch the indicator to look for trend shifts early or for trend continuations.
🔔 Set Alerts: Get notified of bullish/bearish points.
✨ How It Works:
The Moving Average Cross Probability Indicator by AlgoAlpha determines the probability by looking at a probable range of values that the price can take in the next bar and finds out what percentage of those possibilities result in the user defined moving average crossing each other. This is done by first using the HMA to predict what the next price value will be, a standard deviation based range is then calculated. The range is divided by the user defined resolution and is split into multiple levels, each of these levels represent a possible value for price in the next bar. These possible predicted values are used to calculate the possible MA values for both the fast and slow MAs that may occur in the next bar and are then compared to see how many of those possible MA results end up crossing each other.
Stay ahead of the market with the Moving Average Cross Probability Indicator AlgoAlpha! 📈💡
Trend Strength Signals [AlgoAlpha]🌟Introducing the Trend and Strength Signals indicator by AlgoAlpha ! This tool is designed to help you identify trends and gauge market strength with precision and ease. 📈🚀
🛠 Customizable Parameters : Adjust the period, standard deviation multiplier, gauge size, and colors to fit your trading style.
📊 Trend Detection : Visualize trends with clear color-coded signals for uptrends and downtrends.
📈 Strength Gauge : Assess market strength with a dynamic gauge that adapts to the current price action.
🔔 Alerts : Set alerts for bullish and bearish trend crossovers and take profit points to stay ahead of the market.
🎨 Visual Enhancements : Enjoy a clutter-free chart with the integration of plot shapes, color fills, and gradient gauges.
🚀 Quick Guide to Using the Trend and Strength Signals Indicator
Maximize your trading with the Trend and Strength Signals indicator by following these streamlined steps! 🎯✨
🛠 Add the Indicator : Add the indicator to your favorites. Customize settings like period, standard deviation multiplier, and colors to fit your trading style.
📊 Market Analysis : Observe the color-coded candles and gauge to understand market trend direction and strength. Use the alerts for key trading signals.
🔔 Alerts : Enable notifications for trend crossovers and take profit points to catch trading opportunities without constantly monitoring the chart.
⚙️ How it works
This indicator calculates the moving average and standard deviation of the closing price over a customizable period to identify the upper and lower bounds. When the price crosses these bounds, it signals an uptrend or downtrend. The gauge measures market strength by comparing the price to the moving average and scaling it over a customizable range, while the underlying logic uses concepts from the Bollinger Bands, this indicator gives a unique perspective on price behavior through added features and signals derived from it.
Unleash the power of trend and strength analysis with this comprehensive indicator! Happy trading! 🚀📈✨
Volume Weighted Relative Strength Index (VWRSI) [AlgoAlpha]Volume Weighted Relative Strength Index 📈✨
The Volume Weighted Relative Strength Index (VWRSI) by AlgoAlpha enhances traditional RSI by incorporating volume weighting, providing a more nuanced view of market strength. It uses custom range detection to measure consolidation strength, applying dynamic scoring to highlight trend phases. The indicator includes customizable moving averages (SMA, EMA, WMA, VWMA) and color-coded visual cues for uptrends and downtrends. Additionally, it marks significant bullish and bearish trend points with symbols, making it easier to identify potential trading opportunities. This powerful tool helps traders make informed decisions by combining volume, price action, and trend analysis.
✨ Key Features :
📊 Volume-Weighted RSI : Combines RSI with volume for better accuracy.
🔄 Range Detection : Identifies consolidation phases.
🎨 Customizable MAs : Choose from various moving averages.
🔔 Alert Capabilities : Set notifications for trend points.
🚀 How to Use :
🛠 Add Indicator : Add the indicator to favorites, and customize the settings to suite your trading style.
📊 Analyze Market : Watch RSI and range score for trends.
🔔 Set Alerts : Get notified of bullish/bearish points.
✨ How It Works :
The Volume Weighted Relative Strength Index (VWRSI) combines traditional RSI with volume weighting to offer a more comprehensive view of market momentum. It calculates the RSI using the closing price, then weights it by volume to enhance the accuracy of the trend analysis. The indicator also includes a custom range detection feature that evaluates consolidation strength by dynamically scoring the RSI over a specified period. This scoring helps identify phases of strong trends and consolidations. Visual elements like color-coded trend fills and symbols for bullish and bearish points make it easier to spot key market movements and potential trading opportunities.
Stay ahead with VWRSI by AlgoAlpha! 📈💡
Donchian Trend Ranges [AlgoAlpha]🚀🔗 Donchian Trend Ranges 🔗🚀
Elevate your trading game with the Donchian Trend Ranges indicator from AlgoAlpha! 🌟📈 This advanced tool helps you visualize market trends and potential reversal points using Donchian channels, volatility measures, and average true range (ATR).
Key Features
⚙️ Customizable Parameters: Adjust the lookback period and range multiplier to fit your trading style.
🎨 Color-Coded Trends: Easily distinguish between uptrends and downtrends with customizable colors.
📊 Dynamic Channels: Visualize multiple dynamic channels based on Donchian ranges and volatility.
☁️ Trend Clouds: See market strength and weakness with upper and lower trend clouds.
🔔 Signal Alerts: Get notified of potential trend shifts and take profit points.
How to Use
🛠 Add the Indicator: Add the indicator to favorites. Customize settings such as the lookback period and range multiplier to match your trading needs.
🔍 Analyze Trends: The indicator calculates the highest and lowest prices over a specified period to create dynamic channels. It then uses standard deviation and ATR to adjust these channels for market volatility, plotting upper and lower ranges. Green bars indicate an up trend and red bars for a down trend.
🔔 Set Alerts: Enable notifications for bullish and bearish trend shifts, as well as weak and strong take profit points, ensuring you never miss an opportunity.
How it Works
The Donchian Trend Ranges indicator calculates the highest and lowest prices over a specified period to create a basis line. It creates a range around the basis based on standard deviations and the clouds' width is determined by a 14 period ATR. The basis line and bar colors changes based on whether the closing price is above or below it, indicating trends. Clouds around these lines represent market reversal zones that can be used as entry levels when used in confluence with momentum indicators, visual signals ("X" and "◆") marking strong and weak take profit points are also printed when the prices revert from the clouds towards the basis. Integrated alerts notify you of significant events like trend shifts and take profit signals, keeping you informed without constant monitoring.
Unleash the power of the Donchian Trend Ranges in your trading strategy! 🌐📈✨
Volume Delta [hapharmonic]Volume Delta: Volume Delta is an indicator that simplifies how you analyze trading volumes and the percentage of buy-sell activities effortlessly.
As a trader or market analyst, understanding underlying volume and trade flows is critical. The Volume Delta indicator provides thorough insight into both the total volume and the percentage of buying versus selling within the current candlestick. This information is pivotal for those looking to gauge market momentum and sentiment more effectively.
Additionally, the Volume Delta indicator can plot the candlestick colors based on the percentage of the dominant buying or selling volume. The area between the open and close prices of the candlestick is considered 100% and fills with colors corresponding to the predominant volume at that percentage.
Volume Delta also integrates the concept of Net volume. This component is crucial as it reveals the real market sentiment by calculating the difference between the volume of trades executed at an uptick and those at a downtick.
🟠 Overview
This indicator now displays in two layouts. Recently, Tradingview introduced the "force_overlay=true" function in Pine Script , allowing plots to be moved to the main chart. Thus, all displays are from the same indicator.
🟠 USAGE
From the data displayed in 'plot.style_columns' , the peak area represents the entire volume, accounting for 100%. Within this area, there are two color levels indicating volume. If one type of volume, whether buying or selling, exceeds the other, the larger volume will be positioned behind and the smaller in front. This arrangement prevents the scenario where a higher buying volume obscures the smaller selling volume. Therefore, the two colors can be switched between the front and the back as needed.
As you can see, the 12 and 26-day Exponential Moving Averages (EMAs) are used, with the Volume Confirmation Length set at 6. Therefore, the crossing of the EMAs proceeds normally, but it is highlighted with three triangular arrows to indicate a high likelihood of a valid crossover. However, if the volume is insufficient, these markers won't be displayed, although the EMA crossover will still occur as usual. This can be useful for using volume to verify the significance of the EMA crossover.
🟠 Setting
If you enable the label, please be aware that the chart size will shrink, causing the candlestick display to become unclear. Therefore, you might need to select "Logarithmic" at the bottom right of your screen, or for mobile applications, press and hold on the price scale and choose "Logarithmic" to adjust the scale appropriately.
Enjoy!
Candlestick Reversal and Trend Signals [AlgoAlpha]🚀 Unleash your charting capabilities with the Candlestick Reversal and Trend Signals indicator by AlgoAlpha, your go-to tool for spotting pivotal market movements! This script enhances your trading experience by identifying key candlestick patterns and trend changes, perfect for traders aiming for precision in their technical analysis.
🛠 Key Features:
- 🔄 Multi-Timeframe Analysis : Leverages a timeframe multiplier to analyze levels on higher timeframes, enhancing the depth and applicability of insights.
- 🧩 Diverse Pattern Detection : Capable of detecting a wide array of patterns including Bull/Bear Engulfings, Dojis, Haramis, Piercing Lines, Dark Cloud Covers, and Morning/Evening Stars, each contributing to a robust trading strategy.
- 🔍 Dynamic Trend Filters : Utilizes three exponential moving averages (EMAs) and volume filters to decisively confirm trend directions and strength, providing a clearer picture of market dynamics.
- ⚙️ Customizable Settings : Features adjustable settings for filter period, signal thresholds, and appearance, allowing for a tailored analysis experience to fit individual trading styles.
- 📉 Swing Levels Identification : Marks significant high and low swing points on the chart, highlighting potential pivot points and trend reversals for strategic trading decisions.
📈 Quick Guide to Using the Candlestick Reversal and Trend Signals Indicator
1. 🛠 Add the Indicator : Add the indicator to your favorites. Adjust the settings to match your analysis needs.
2. 📊 Analysis : Keep an eye out for the specific symbols plotted on your chart that indicate various candlestick patterns. Use these signals to enhance your market analysis.
3. 🔔 Set Alerts : Enable alerts for the patterns you are most interested in to get notified of potential trading opportunities without needing to monitor the charts constantly.
Embark on your enhanced trading journey with this powerful tool! 🚀✨ Happy trading!
🧐 How It Works:
The Candlestick Reversal and Trend Signals indicator operates by integrating several candlestick patterns and trend analysis features to assist in making informed trading decisions. Initially, it gathers user-defined settings like the period for filtering, signal thresholds, and the desired patterns to detect. It analyzes candlestick formations such as Bull/Bear Engulfings, Dojis, Haramis, and more, by comparing the current candlestick's attributes (such as body length and direction) with previous data to identify potential market reversals or confirmations. The indicator enhances its accuracy through additional filters like volume ratios and exponential moving averages (EMAs) that help validate the strength and direction of trends. By marking these patterns and trends visually on the chart, it provides clear signals that aid traders in identifying significant market movements efficiently. The script is then complemented with the 3 EMA indicator for trend detection and swing levels for added confluence.
Candlestick Trend Strength [AlgoAlpha]🚀🎉 Introducing the Candlestick Trend Strength by AlgoAlpha, a dynamic TradingView indicator designed to visually communicate the strength and direction of market trends right on your charts! 🕯️💪
Key Features:
🌈 Visual gauge for trend strength, color-coded for intuitive insights.
⏳ Customizable trend detection and normalization periods to match your trading strategy.
🎨 Flexible color settings for both uptrend (green) and downtrend (red).
🔔 Real-time alerts for trend reversals, helping you stay ahead of market moves.
How to Use:
🛠 Add the Indicator: Add the indicator to favorites and customize it to suit your needs.
🔍 Analyze the Trends: Monitor the color changes in the gauge and bar color to identify strengthening or weakening trends.
🔔 Set Alerts: Configure alerts to notify you of trend changes, allowing you to react swiftly to trading opportunities without constant monitoring.
Basic Logic Explained:
The "Candlestick Trend Strength" indicator calculates the trend strength score by analyzing the ratio of the candle's wick to its body, alongside the direction of the candle (up or down). It uses a normalization period to adjust the sum of the trend score into a scale from -1 to 1, which is then plotted as a color gradient gauge from red (downtrend) to green (uptrend) on the chart. This representation helps traders quickly assess whether a trend is gaining or losing strength, and it updates in real-time with each new bar, providing a highly responsive tool for technical analysis.
Embrace the power of visual trend analysis with the "Candlestick Trend Strength" by AlgoAlpha and transform your trading experience today! 🌟📈
Unmitigated Liquidity Imbalances [AlgoAlpha]🎉 Introducing the Unmitigated Liquidity Imbalance Indicator by AlgoAlpha! 🎉
Dive into the depths of market analytics with our "Unmitigated Liquidity Imbalance" indicator. This tool harnesses unique algorithms to detect liquidity imbalances between bulls and bears, helping traders spot trends and potential entry and exit points with greater accuracy. 📈🚀
🔍 Key Features:
🌟 Advanced Analysis : Analyses candle direction and length to forecast market peaks and valleys.
🎨 Customizable Visuals : Tailor the chart with your choice of bullish green or bearish red to reflect different market conditions.
🔄 Real-Time Updates : Continuously updates to reflect live market changes.
🔔 Configurable Alerts : Set up alerts for key trading signals such as bullish and bearish reversals, as well as trend shifts.
📐 How to Use:
🛠 Add the Indicator : Add the indicator to your favourites and customize the settings to suite your needs.
📊 Market Analysis : Monitor the oscillator threshold; readings above 0.5 suggest bullish sentiment, while below 0.5 indicate bearish conditions. And reversal signals are displayed to show potential entry points.
🔔 Set Alerts : Enable notifications for reversal conditions or trend changes to seize trading opportunities without constant chart watching.
🧠 How It Works:
The core mechanism of the indicator is based on detecting changes in candlestick size and direction to identify bullish and bearish liquidity levels from the peak & valley indicator's logic. By comparing the length of a current candle to the previous one and checking the change in direction, it pinpoints moments where market sentiment could be shifting, indicating if the liquidity at that point is bullish or bearish. The script then looks at what percentage of the past few unmitigated levels are bullish or bearish based on a customizable lookback and determines the liquidity imbalance which can then be interpreted as trend.
Empower your trading with the Unmitigated Liquidity Imbalance indicator and navigate the markets with confidence and precision. 🌟💹
Happy trading, and may your charts be ever in your favour! 🥳✨
💎 Related Indicator
Squeeze Momentum Oscillator [AlgoAlpha]🎉📈 Introducing the Squeeze Momentum Oscillator by AlgoAlpha 📉🎊
Unlock the secrets of market dynamics with our innovative Squeeze Momentum Oscillator! Crafted for those who seek to stay ahead in the fast-paced trading environment, this tool amalgamates critical market momentum and volatility indicators to offer a multifaceted view of potential market movements. Here's why it's an indispensable part of your trading toolkit:
Key Features:
🌈 Customizable Color Schemes: Easily distinguish between bullish (green) and bearish (red) momentum phases for intuitive analysis.
🔧 Extensive Input Settings: Tailor the oscillator lengths for both Underlying and Swing Momentum to match your unique trading approach.
📊 Dedicated Squeeze Settings: Leverage precise volatility insights to identify market squeeze scenarios, signaling potential breakouts or consolidations.
🔍 Advanced Divergence Detection: Utilize sophisticated algorithms to detect and visualize both bullish and bearish divergences, pointing towards possible market reversals.
📈 Hyper Squeeze Detection: Stay alert to high-momentum market movements with our hyper squeeze feature, designed to extremely suppressed market volatility.
🔔 Comprehensive Alert System: Never miss a trading opportunity with alerts for momentum changes, squeeze conditions, and more.
Quick Guide to Using the Squeeze Momentum Oscillator:
🛠 Add the Indicator: Add the indicator to your favourites. Adjust the oscillator and squeeze settings to suit your trading preferences.
📊 Market Analysis: Keep an eye on the squeeze value and momentum z-score for insights into volatility and market direction. Hyper Squeeze signals are your cue for high momentum trading opportunities.
🔔 Alerts: Configure alerts for shifts in underlying and swing momentum, as well as entry and exit points for squeeze conditions, to capture market moves efficiently.
How It Works:
The Squeeze Momentum Oscillator by AlgoAlpha synergistically combines the principles of momentum tracking and market squeeze detection. By integrating the core logic of the Squeeze & Release indicator, it calculates the Squeeze Value (SV) through a comparison of the Exponential Moving Average (EMA) of the Average True Range (ATR) against the high-low price EMA. This SV is further analyzed alongside its EMA to pinpoint squeeze conditions, indicative of potential market breakouts or consolidations. In addition to this, the oscillator employs Hyper Squeeze Detection for identifying extremely low volatility. The momentum aspect of the oscillator evaluates the price movement relative to EMAs of significant highs and lows, refining these observations with a z-score normalization for short-term momentum insights. Moreover, the incorporation of divergence detection aids in identifying potential reversals, making this oscillator a comprehensive tool for traders looking to harness the power of volatility and momentum in their market analysis. The combination of the Squeeze & Release and the Momentum Oscillator allows traders to time their trades with more precision by entering when the market is in a squeeze and front running the volatility of a major move.
Elevate your trading strategy with the Squeeze Momentum Oscillator by AlgoAlpha and gain a competitive edge in deciphering market dynamics! 🌟💼 Happy trading!
Adaptive Schaff Trend Cycle (STC) [AlgoAlpha]Introducing the Adaptive Schaff Trend Cycle by AlgoAlpha: Elevate Your Trading Strategies 🚀
Discover precision and adaptability with the Adaptive Schaff Trend Cycle 🎯, meticulously crafted for traders seeking an edge in the markets. This advanced tool integrates sophisticated algorithms to offer clear insights and real-time analytics 📈.
Key Features:
⚙️Adaptive Signal Processing: Utilizes evolving calculations to adjust to market changes, offering highly responsive signals.
🔍Enhanced MACD Analysis: Innovates on the traditional MACD, providing new insights into market dynamics through an adaptive lens.
🎨Customizable Visual Experience: Features customizable up and down colors for tailored chart analysis.
🔔Real-Time Alerts: Stay informed with instant alerts on indicator changes.
Quick Guide to Using the Adaptive STC Indicator
1. 🔧 Adding the Indicator: Search for "Adaptive Schaff Trend Cycle (STC) " within TradingView's Indicators & Strategies and apply it to your chart. Customize the settings according to your trading style for optimum results.
2.👀 Market Analysis: Monitor the STC and Histogram values closely. The indicator's color gradients provide a visual representation of momentum shifts, helping you to identify trends more clearly.
3. 🚨 Set Alerts: Enable alerts for specific conditions like significant moves up or down, or when the histogram crosses zero. This feature ensures you never miss a potential trading opportunity.
How It Works:
The Adaptive Schaff Trend Cycle by AlgoAlpha introduces a dynamic approach to market analysis, refining traditional indicators through adaptive logic to align with fluctuating market conditions. Here's a concise overview of its operation:
🔄 Adaptive MACD Adjustment: The foundation of the indicator is an enhanced MACD calculation, which dynamically adjusts its parameters based on real-time market trends and momentum. This algorithmic adjustment aims to ensure the MACD's responsiveness to market changes, adapting its sensitivity to offer timely insights .
🌟 Integration of Schaff Trend Cycle (STC): After adjusting the MACD, the indicator calculates STC values to provide a smoothed representation of market trends. By normalizing and smoothing the MACD values on a scale from 0 to 100, the STC method helps in identifying market phases with a clear visualization. The smoothing process is designed to mitigate noise and focus on significant market movements .
📊 Visualization and Alerts: To aid in the interpretation of these insights, the Adaptive Schaff Trend Cycle employs color gradients and customizable visual settings to indicate momentum shifts. These visual cues, combined with alert functionalities, are structured to assist traders in monitoring market developments, enabling them to make informed decisions based on the presented data .
🛠️The Adaptive Schaff Trend Cycle thus merges adaptive MACD adjustments with STC methodology, supported by visual and alert features, to create a tool aimed at enhancing market analysis. By focusing on adaptability and current market conditions, it provides a nuanced view of market trends, intended to support traders in their decision-making processes without promising predictive accuracy or reliability .
Price Action Fractal Forecasts [AlgoAlpha]🔮 Price Action Fractal Forecasts - Unleash the Power of Historical Patterns! 🌌✨
Dive into the future with AlgoAlpha's Price Action Fractal Forecasts ! This innovative indicator utilizes the mesmerizing complexity of fractals to predict future price movements, offering traders a unique edge in the market. By analyzing historical price action and identifying repeating patterns, this tool forecasts future price trends, providing visually engaging and actionable insights.
Key Features:
🔄 Flexible Data Series Selection: Choose your preferred data series for precise analysis.
🕰 Flexible Training and Reference Data Windows: Customize the length of training data and reference periods to match your trading style.
📈 Custom Forecast Length: Adjust the forecast horizon to suit your strategic objectives.
🌈 Customizable Visual Elements: Tailor the colors of forecast deviation cones, data reference areas, and more for optimal chart readability.
🔄 Anticipatory and Repetitive Forecast Modes: Select between anticipating future trends or identifying repetitive patterns for forecasts.
🔎 Enhanced Similarity Search: Leverages correlation metrics to find the most similar historical data segments.
📊 Forecast Deviation Cone: Visualize potential price range deviations with adjustable multipliers.
🚀 Quick Guide to Maximizing Your Trading with Price Action Fractal Forecasts:
🛠 Add the Indicator: Search for "Price Action Fractal Forecasts" in TradingView's Indicators & Strategies. Customize settings according to your trading strategy.
📊 Strategic Forecasting: Monitor the forecast deviation cone and forecast directional changes for insights into potential future price movements.
🔔 Alerts for Swift Action: Set up notifications based on forecast changes to stay ahead of market movements without constant monitoring.
Behind the Magic: How It Works
The core of the Price Action Fractal Forecasts lies in its ability to compare current market behavior with historical data to unearth similar patterns. It first establishes a training data window to analyze historical prices. Within this window, it then defines a reference length to identify the most recent price action that will serve as the basis for comparison. The indicator searches through the historical data within the training window to find segments that closely match the recent price action in the reference period.
Depending on whether you choose the anticipatory or repetitive forecast mode, the indicator either looks ahead to predict future prices based on past outcomes following similar patterns or focuses on the repeating patterns within the reference period itself for forecasts. The forecast's direction can be configured to reflect the mean average of forecasted prices or the end-point relative to the start-point of the forecast, offering flexibility in how forecasts are interpreted.
To enhance the comprehensiveness and visualization, the indicator features a forecast deviation cone. This cone represents the potential range of price movements, providing a visual cue for volatility and uncertainty in the forecasted prices. The intensity of this cone can be adjusted to suit individual preferences, offering a visual guide to the level of risk and uncertainty associated with the forecasted price path.
Embrace the fractal magic of markets with AlgoAlpha's Price Action Fractal Forecasts and transform your trading today! 🌟🚀
Ichimoku OscillatorHello All,
This is Ichimoku Oscillator that creates different oscillator layers, calculates the trend and possible entry/exit levels by using Ichimoku Cloud features.
There are four layer:
First layer is the distance between closing price and cloud (min or max, depending on the main trend)
Second layer is the distance between Lagging and Cloud X bars ago (X: the displacement)
Third layer is the distance between Conversion and Base lines
Fourth layer is the distance between both Leadlines
If all layers are visible maning that positive according to the main trend, you can take long/short position and when main trend changed then you should close the position. so it doesn't mean you can take position when main trend changed, you need to wait for all other conditions met (all layers(
there is take profit partially option. if Conversion and base lines cross then you can take profit partially. Optionally you can take profit partially when EMA line crosses Fourth layer.
Optionally ATR (average true range) is used for Conversion and baseline for protection from whipsaws. you can use it to stay on the trend longer time.
I added options to enable/disable the alert and customize alert messages. You can change alert messages as you wish. if you use ' close ' in the alert message then you can get closing price in the alert message when the alert was triggered.
There is an option Bounce Off Support/Resistance , if there is trend and if the price bounce off Support/Resistance zone then a tiny triangle is shown.
There are many other options for coloring, alerts etc.
Some screenshots:
Main trend:
Taking/closing positions:
Example alert messages:
Bounce off:
Colors:
Colors:
Colors:
Non-colored background:
P.S. For a few months I haven't published any new script because of some health issues. hope to be healthy and create new scripts in 2024 :)
Enjoy!
Moving Average Rainbow (Stormer)This strategy is based and shown by trader and investor Alexandre Wolwacz "Stormer".
Overview
The strategy uses 12 moving averages (default EMA) to identify trends and generate trading signals opening positions.
Allowing to select the type of moving average and length to be used.
The conditions includes relationship between moving averages, the position of the current price relative to the moving averages, and the occurrence of certain price patterns.
Calculation
The mean moving averages is calculated by adding all the 12 moving averages and dividing by 12, the value is used to help to identify trend and possible condition to open position.
The 12 moving averages is spliced by 3 ranges, initial range (moving average lines 1 to 4), middle range (moving average lines 5 to 8) and end range (moving average lines 9 to 12). These ranges helps to identify potential trend and market turn over.
The moving average touch price is a relationship between the low price (uptrend) or high price (downtrend) with the moving average lines, it identifies where the price (low/high) has reached the the moving average line. Fetching the value to help for opening position, set stop loss and take profit.
Since the stop loss is based and set from the previous moving average touch price value, when position is about to be open and setting the stop loss value, there is a verification to check both current and previous moving average touch price to recalculate the stop loss value.
The turnover trend checks for a possible market turnover event, setting up a new profit target, this setting when enabled is to be helpful when a turnover occurs against the position to exit position with some profit based on highest high price if long or lowest low price if short.
The turnover signal is similar to turnover trend. The difference is that when this setting is enabled and it triggers, it simply exit the current position and opens up a reverse position, long goes short and short goes long. And there is an complement optional that checks current price exit profitable.
Entry Position
Long Position:
Price is higher than the mean moving averages. Meaning possible uptrend.
The lines of the middle range from the moving averages are in increasing order. Meaning possible uptrend.
The current high pierced up previous high.
Fetch the previous value of the moving average touch price. Meaning the low price has touched one of the moving average lines, which that value is conditioning to open position.
Short Position:
Price is lower than the mean moving averages. Meaning possible downtrend.
The lines of the middle range from the moving averages are in decreasing order. Meaning possible downtrend.
The current low pierced down previous low.
Fetch the previous value of the moving average touch price. Meaning the high price has touched one of the moving average lines, which that value is conditioning to open position.
Risk Management
Stop Loss:
The stop loss is based from the previous moving average touch price value, high price for short and low price for long or occurs an verification to check for both current and previous moving average touch price value and a recalculation is done to set the stop loss.
Take Profit:
According to the author, the profit target should be at least 1:1.6 the risk, so to have the strategy mathematically positive.
The profit target is configured input, can be increased or decreased.
It calculates the take profit based on the price of the stop loss with the profit target input.
Turnover Trend
Long Position:
The moving averages initial range lines signals a possible market turnover. Meaning long might be going short.
Fetches the highest high hit since the opening of the position, setting that value to the new profit target.
Short Position:
The moving averages initial range lines signals a possible market turnover. Meaning short might be going long.
Fetches the lowest low hit since the opening of the position, setting that value to the new profit target.
Bollinger Bands Modified (Stormer)This strategy is based and shown by trader and investor Alexandre Wolwacz "Stormer".
Overview
The strategy uses two indicators Bollinger Bands and EMA (optional for EMA).
Calculates Bollinger Bands, EMA, highest high, and lowest low values based on the input parameters, evaluating the conditions to determine potential long and short entry signals.
The conditions include checks for crossovers and crossunders of the price with the upper and lower Bollinger Bands, as well as the position of the price relative to the EMA.
The script also incorporates the option to add an inside bar pattern check for additional information.
Entry Position
Long Position:
Price cross over the superior band of bollinger bands.
The EMA is used to add support for trend analysis, it is an optional input, when used, it checks if price is above EMA.
Short Position:
Price cross under the inferior band of bollinger bands.
The EMA is used to add support for trend analysis, it is an optional input, when used, it checks if price is under EMA.
Risk Management
Stop Loss:
The stop loss is calculated based on the input highest high (for short position) and lowest low (for long position).
It gets the length based on the input from the last candles to set which is the highest high and which is the lowest low.
Take Profit:
According to the author, the profit target should be at least 1:1.6 the risk, so to have the strategy mathematically positive.
The profit target is configured input, can be increased or decreased.
It calculates the take profit based on the price of the stop loss with the profit target input.
