This code is a Pine Script indicator designed for use on TradingView. It implements a comprehensive trading strategy with multiple components for technical analysis, trend detection, volatility calculation, and signal generation. Here's an explanation of its key functionalities:
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### **1. Volatility Models** - The script includes several functions to calculate historical volatility: - **Close-to-Close Volatility**: Measures price variability between closing prices. - **Parkinson Volatility**: Considers the high-low range of candles. - **Garman-Klass Volatility**: Adds open-close price variability for more precision. - **Yang-Zhang Volatility**: Combines open, close, high, and low prices with advanced statistical models.
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### **2. Trend Indicators** - **Supertrend**: Detects bullish or bearish trends based on the relationship between price and volatility bands. - **EMA (Exponential Moving Averages)**: Used to determine overall trend direction. - **Directional Movement Index (DMI)**: Measures trend strength using ADX values. - **CCI (Commodity Channel Index)**: Tracks price momentum relative to historical averages.
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### **3. Dashboard & Visualization** - A **configurable dashboard** displays real-time strategy metrics: - Current position (Buy/Sell). - Volatility levels. - RSI-based momentum. - Trend direction and strength across multiple timeframes. - **Colored candlesticks and trend clouds** visually differentiate bullish and bearish conditions.
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### **4. Signal Generation** - **Buy/Sell signals** are generated based on multiple conditions: - Trend strength and momentum (using indicators like MACD, RSI). - Volume and volatility filters. - Signal labels and lines for stop-loss (SL) and take-profit (TP) areas are plotted directly on the chart.
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### **5. Advanced Features** - **Swing High/Low Detection**: Tracks significant price pivots. - **Support & Resistance Zones**: Automatically identifies and plots critical levels. - **Order Blocks**: Marks potential reversal or continuation zones based on historical price patterns. - **Elite Volume Profile**: Analyzes volume distribution at various price levels within a specific range.
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### **6. Risk Management** - Implements **trailing stop-losses** and configurable take-profit levels. - Adjusts sensitivity dynamically or manually for signal optimization.
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This script is a modular framework that integrates trend-following, volatility-based strategies, and momentum trading into a unified system. It’s designed for advanced traders who prefer automated signals and detailed chart overlays for informed decision-making.
Let me know if you'd like a deeper dive into any specific function or component!
진정한 TradingView 정신에 따라, 이 스크립트의 저자는 트레이더들이 이해하고 검증할 수 있도록 오픈 소스로 공개했습니다. 저자에게 박수를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 출판물에서 이 코드를 재사용하는 것은 하우스 룰에 의해 관리됩니다. 님은 즐겨찾기로 이 스크립트를 차트에서 쓸 수 있습니다.