Turn of the Month Strategy on Steroids█ STRATEGY DESCRIPTION
The "Turn of the Month Strategy on Steroids" is a seasonal mean-reversion strategy designed to capitalize on price movements around the end of the month. It enters a long position when specific conditions are met and exits when the Relative Strength Index (RSI) indicates overbought conditions. This strategy is optimized for use on daily or higher timeframes.
█ WHAT IS THE TURN OF THE MONTH EFFECT?
The Turn of the Month effect refers to the observed tendency of stock prices to rise around the end of the month. This strategy leverages this phenomenon by entering long positions when the price shows signs of a reversal during this period.
█ SIGNAL GENERATION
1. LONG ENTRY
A Buy Signal is triggered when:
The current day of the month is greater than or equal to the specified `dayOfMonth` threshold (default is 25).
The close price is lower than the previous day's close (`close < close `).
The previous day's close is also lower than the close two days ago (`close < close `).
The signal occurs within the specified time window (between `Start Time` and `End Time`).
There is no existing open position (`strategy.position_size == 0`).
2. EXIT CONDITION
A Sell Signal is generated when the 2-period RSI exceeds 65, indicating overbought conditions. This prompts the strategy to exit the position.
█ ADDITIONAL SETTINGS
Day of Month: The day of the month threshold for triggering a Buy Signal. Default is 25.
Start Time and End Time: The time window during which the strategy is allowed to execute trades.
█ PERFORMANCE OVERVIEW
This strategy is designed to exploit seasonal price patterns around the end of the month.
It performs best in markets where the Turn of the Month effect is pronounced.
Backtesting results should be analyzed to optimize the `dayOfMonth` threshold and RSI parameters for specific instruments.
차트 패턴
Consecutive Bars Above/Below EMA Buy the Dip Strategy█ STRATEGY DESCRIPTION
The "Consecutive Bars Above/Below EMA Buy the Dip Strategy" is a mean-reversion strategy designed to identify potential buying opportunities when the price dips below a moving average for a specified number of consecutive bars. It enters a long position when the dip condition is met and exits when the price shows strength by exceeding the previous bar's high. This strategy is suitable for use on various timeframes.
█ WHAT IS THE MOVING AVERAGE?
The strategy uses either a Simple Moving Average (SMA) or an Exponential Moving Average (EMA) as a reference for identifying dips. The type and length of the moving average can be customized in the settings.
█ SIGNAL GENERATION
1. LONG ENTRY
A Buy Signal is triggered when:
The close price is below the selected moving average for a specified number of consecutive bars (`consecutiveBarsTreshold`).
The signal occurs within the specified time window (between `Start Time` and `End Time`).
2. EXIT CONDITION
A Sell Signal is generated when the current closing price exceeds the high of the previous bar (`close > high `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position.
█ ADDITIONAL SETTINGS
Consecutive Bars Threshold: The number of consecutive bars the price must remain below the moving average to trigger a Buy Signal. Default is 3.
MA Type: The type of moving average used (SMA or EMA). Default is SMA.
MA Length: The length of the moving average. Default is 5.
Start Time and End Time: The time window during which the strategy is allowed to execute trades.
█ PERFORMANCE OVERVIEW
This strategy is designed for mean-reverting markets and performs best when the price frequently oscillates around the moving average.
It is sensitive to the number of consecutive bars below the moving average, which helps to identify potential dips.
Backtesting results should be analysed to optimize the Consecutive Bars Threshold, MA Type, and MA Length for specific instruments.
Turn around Tuesday on Steroids Strategy█ STRATEGY DESCRIPTION
The "Turn around Tuesday on Steroids Strategy" is a mean-reversion strategy designed to identify potential price reversals at the start of the trading week. It enters a long position when specific conditions are met and exits when the price shows strength by exceeding the previous bar's high. This strategy is optimized for ETFs, stocks, and other instruments on the daily timeframe.
█ WHAT IS THE STARTING DAY?
The Starting Day determines the first day of the trading week for the strategy. It can be set to either Sunday or Monday, depending on the instrument being traded. For ETFs and stocks, Monday is recommended. For other instruments, Sunday is recommended.
█ SIGNAL GENERATION
1. LONG ENTRY
A Buy Signal is triggered when:
The current day is the first day of the trading week (either Sunday or Monday, depending on the Starting Day setting).
The close price is lower than the previous day's close (`close < close `).
The previous day's close is also lower than the close two days ago (`close < close `).
The signal occurs within the specified time window (between `Start Time` and `End Time`).
If the MA Filter is enabled, the close price must also be above the 200-period Simple Moving Average (SMA).
2. EXIT CONDITION
A Sell Signal is generated when the current closing price exceeds the high of the previous bar (`close > high `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position.
█ ADDITIONAL SETTINGS
Starting Day: Determines the first day of the trading week. Options are Sunday or Monday. Default is Sunday.
Use MA Filter: Enables or disables the 200-period SMA filter for long entries. Default is disabled.
Start Time and End Time: The time window during which the strategy is allowed to execute trades.
█ PERFORMANCE OVERVIEW
This strategy is designed for markets with frequent weekly reversals.
It performs best in volatile conditions where price movements are significant at the start of the trading week.
Backtesting results should be analysed to optimize the Starting Day and MA Filter settings for specific instruments.
Consecutive Bearish Candle Strategy█ STRATEGY DESCRIPTION
The "Consecutive Bearish Candle Strategy" is a momentum-based strategy designed to identify potential reversals after a sustained bearish move. It enters a long position when a specific number of consecutive bearish candles occur and exits when the price shows strength by exceeding the previous bar's high. This strategy is optimized for use on various timeframes and instruments.
█ SIGNAL GENERATION
1. LONG ENTRY
A Buy Signal is triggered when:
The close price has been lower than the previous close for at least `Lookback` consecutive bars. This indicates a sustained bearish move, suggesting a potential reversal.
The signal occurs within the specified time window (between `Start Time` and `End Time`).
2. EXIT CONDITION
A Sell Signal is generated when the current closing price exceeds the high of the previous bar (`close > high `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position.
█ ADDITIONAL SETTINGS
Lookback: The number of consecutive bearish bars required to trigger a Buy Signal. Default is 3.
Start Time and End Time: The time window during which the strategy is allowed to execute trades.
█ PERFORMANCE OVERVIEW
This strategy is designed for markets with frequent momentum shifts.
It performs best in volatile conditions where price movements are significant.
Backtesting results should be analysed to optimize the `Lookback` parameter for specific instruments.
4 Bar Momentum Reversal strategy█ STRATEGY DESCRIPTION
The "4 Bar Momentum Reversal Strategy" is a mean-reversion strategy designed to identify price reversals following a sustained downward move. It enters a long position when a reversal condition is met and exits when the price shows strength by exceeding the previous bar's high. This strategy is optimized for indices and stocks on the daily timeframe.
█ WHAT IS THE REFERENCE CLOSE?
The Reference Close is the closing price from X bars ago, where X is determined by the Lookback period. Think of it as a moving benchmark that helps the strategy assess whether prices are trending upwards or downwards relative to past performance. For example, if the Lookback is set to 4, the Reference Close is the closing price 4 bars ago (`close `).
█ SIGNAL GENERATION
1. LONG ENTRY
A Buy Signal is triggered when:
The close price has been lower than the Reference Close for at least `Buy Threshold` consecutive bars. This indicates a sustained downward move, suggesting a potential reversal.
The signal occurs within the specified time window (between `Start Time` and `End Time`).
2. EXIT CONDITION
A Sell Signal is generated when the current closing price exceeds the high of the previous bar (`close > high `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position.
█ ADDITIONAL SETTINGS
Buy Threshold: The number of consecutive bearish bars needed to trigger a Buy Signal. Default is 4.
Lookback: The number of bars ago used to calculate the Reference Close. Default is 4.
Start Time and End Time: The time window during which the strategy is allowed to execute trades.
█ PERFORMANCE OVERVIEW
This strategy is designed for trending markets with frequent reversals.
It performs best in volatile conditions where price movements are significant.
Backtesting results should be analysed to optimize the Buy Threshold and Lookback parameters for specific instruments.
[GrandAlgo] Automatic Parallel ChannelThe Automatic Parallel Channel indicator is designed to automate the process of drawing parallel channels on the chart. By analyzing price swings and slopes, it identifies trend-aligned channels that provide insights into market structure, potential reversals, and continuation patterns. This tool saves traders time and effort by eliminating the need to manually draw channels while ensuring accuracy and consistency.
How It Works
The indicator evaluates price action and detects significant swing highs and swing lows to define the boundaries of the parallel channels.
Channels are categorized as green for potential support zones and red for potential resistance zones, ensuring easy visual identification of price trends.
Customizable parameters such as Strength, Max. Slope Steepness, and Fibonacci Line Levels allow traders to adapt the channel detection to different market conditions.
A third line can optionally be drawn at a Fibonacci level for additional confluence.
Key Features
Automatic Channel Detection:
Identifies and plots parallel channels based on swing highs and swing lows, ensuring accuracy and efficiency.
Customizable Strength Parameter:
Adjust the sensitivity of channel detection to focus on minor, intermediate, or major trends.
Fibonacci Line Integration:
Optionally draw a third line within the channel at a user-defined Fibonacci level, offering additional reference points for trend analysis.
Dual Channel Visualization:
Displays green channels to represent potential support and red channels for potential resistance, simplifying visual analysis.
Slope Control:
Set the Max. Slope Steepness to filter out channels that do not meet your trend steepness criteria.
Real-Time Updates:
Channels are dynamically updated as price action evolves, ensuring relevance to current market conditions.
Use Cases
Identify trend channels to determine the overall market direction.
Spot potential reversal or continuation zones using channel boundaries.
Use the third Fibonacci line as a key level for potential price reactions.
Suitable for trend-following strategies and breakout trading setups.
Adaptable across Forex, crypto, stocks, and other markets.
Disclaimer:
This indicator is a technical analysis tool designed to assist traders by providing insights into market conditions. It does not guarantee future price movements or trading outcomes and should not be relied upon as a sole decision-making tool. The effectiveness of this indicator depends on its application, which requires your trading knowledge, experience, and judgment.
Trading involves significant financial risk, including the potential loss of capital. Past performance of any tool or indicator does not guarantee future results. This script is intended for educational and informational purposes only and does not constitute financial or investment advice. Users are strongly encouraged to perform their own analysis and consult with a qualified financial professional before making trading decisions.
9:00 AM CR ModelHow to Trade the 9:00 a.m. CR Model
Define the Range:
8:00 a.m. Hourly Candle:
On the 1-hour chart, mark the high and low of the 8:00 a.m. candle.
9:00 a.m. 15-Minute Candle:
After it closes at 9:15 a.m., mark its high and low.
Identify Setup:
Turtle Soup (False Breakout):
Look for price to wick above the high (bearish) or below the low (bullish) and reverse.
Enter at a validated level (e.g., order block, fair value gap).
Breakout:
Confirm a close above the high (bullish) or below the low (bearish).
Use Fibonacci to find the midpoint (EQ) of the breakout candle and enter at that level.
Entry Rules:
Bullish Setup:
Enter below the open of the relevant candle after manipulation or breakout.
Bearish Setup:
Enter above the open of the relevant candle after manipulation or breakout.
Targets:
Opposite end of the range.
Key levels (e.g., prior highs/lows or standard deviations).
Take partials at the midpoint of the range.
Risk Management:
Always validate entries using key levels or Turtle Soup setups.
Avoid setups where the midpoint (EQ) is not hit.
Bearish Gap Down DetectionThis indicator is designed to identify bearish gap downs in price action and visually mark them on your chart. A gap down occurs when today's opening price is below the previous day's low, and the closing price remains below that low, signaling a potential bearish continuation or reversal.
Features:
Precise Gap Down Detection: Identifies only confirmed bearish gap downs, avoiding false signals.
Clear Visual Markers: Marks detected gap downs with a red downward triangle above the bar for easy identification.
Minimalist Design: Focuses solely on gap down detection, without any reliance on moving averages or additional noise.
Use Cases:
Trend Reversals: Spot potential downward trends as they develop.
Momentum Confirmation: Use alongside other indicators or strategies to confirm bearish momentum.
Swing Trading Opportunities: Ideal for traders looking to capitalize on significant price movements.
How It Works:
The script detects a gap down when:
Today's opening price is below the previous day's low.
Today's closing price stays below the previous day's low.
When these conditions are met, the indicator plots a red triangle above the price bar, signaling a bearish gap down.
Best Practices:
Apply this script to daily or higher timeframes for more reliable results.
Combine it with other indicators, such as support/resistance levels or volume analysis, for enhanced decision-making.
TD Supply & Demand Points ```
TD Supply & Demand Points Indicator
This technical indicator helps identify potential supply and demand zones using price action pattern recognition. It scans for specific candle formations that may indicate institutional trading activity and potential reversal points.
Features:
• Two pattern detection modes:
Level 1: Basic 3-candle pattern for faster signals
Level 2: Advanced 5-candle pattern for higher probability setups
• Clear visual markers:
- Red X above bars for supply points
- Green X below bars for demand points
- Automatic offset adjustment based on pattern level
Pattern Definitions:
Level 1 (3-candle pattern):
Supply: Middle candle's high is higher than both surrounding candles
Demand: Middle candle's low is lower than both surrounding candles
Level 2 (5-candle pattern):
Supply: Sequence showing distribution with higher highs followed by lower highs
Demand: Sequence showing accumulation with lower lows followed by higher lows
Usage Tips:
• Use Level 1 for more frequent signals and Level 2 for stronger setups
• Look for confluence with key support/resistance levels
• Consider overall market context and trend
• Can be used across multiple timeframes
• Best combined with volume and price action analysis
Settings:
Pattern Level: Toggle between Level 1 (3-candle) and Level 2 (5-candle) patterns
Note: This indicator is designed to assist in identifying potential trading opportunities but should be used as part of a comprehensive trading strategy with proper risk management.
Version: 5.0
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Renko with Dynamic Support and ResistanceRenko candles are a type of chart used to filter out minor price movements, focusing on more significant trends. Unlike traditional candlestick charts, Renko charts do not use time as the primary unit but instead focus on price movements, with each brick representing a certain amount of price movement, or a "brick size." When the price moves by the predefined brick size in a given direction, a new Renko brick is created.
Renko charts are useful for identifying trends and key support/resistance levels, and they help eliminate market noise. Here's a brief explanation of how Renko works:
How Renko Charts Work:
Brick Size (Box Size): The user sets a fixed value (in terms of price) that determines when a new brick will form. For example, if the brick size is 10, a new brick will appear every time the price moves up or down by 10 units.
Direction of Bricks:
If the price moves up by the brick size, a new brick is added in the up direction.
If the price moves down by the brick size, a new brick is added in the down direction.
If the price doesn't move enough to form a new brick, no new brick is created.
No Time Element: Unlike traditional candlesticks, there is no time involved in Renko charts, meaning that bricks can be formed over any period depending on the price movements.
However, since Renko is a price-based chart type and not a time-based one, the actual Renko candles are not directly supported as a visual element in Pine Script. But you can replicate the behavior by plotting the price series based on the conditions for Renko.
Renko Charts Use Case:
Trend Identification: If you see multiple consecutive green bricks, it indicates an uptrend. Similarly, multiple red bricks indicate a downtrend.
Support/Resistance Levels: Renko charts can highlight important levels where price may reverse, as significant changes in direction are visible.
Dynamic Customizable 50% Line & Daily High/Low + True Day OpenA Unique Indicator for Precise Market-Level Analysis
This indicator is a fully integrated solution that automates complex market-level calculations and visualizations, offering traders a tool that goes beyond the functionality of existing open-source alternatives. By seamlessly combining several trading concepts into a single script, it delivers efficiency, accuracy, and customization that cater to both novice and professional traders.
Key Features: A Breakdown of What Makes It Unique
1. Adaptive Daily Highs and Lows
Automatically detects and plots daily high and low levels based on the selected time frame, dynamically updating in real time.
Features session-based adjustments, allowing traders to focus on levels that matter for specific trading sessions (e.g., London, New York).
Fully customizable styling, visibility, and alerts tailored to each trader’s preferences.
How It Works:
The indicator calculates daily high and low levels directly from price data, integrating session-specific time offsets to account for global trading hours. These levels provide traders with clear visual markers for key liquidity zones.
2. Automated ICT 50% Range Line
A pioneering implementation of ICT’s mid-range concept, this feature dynamically calculates and displays the midpoint of the daily range.
Offers traders a visual guide to identify premium and discount zones, aiding in determining market bias and potential trade setups.
How It Works:
The script calculates the range between the day’s high and low, dividing it by two to generate the midline. This line updates in real-time, ensuring that traders always see the most current premium and discount levels as price action evolves.
3. Dynamic Market Open Levels
Plots session opens (e.g., Asia, London, New York) and the True Day Open to provide actionable reference points for intra-day trading strategies.
Enhances precision in identifying liquidity shifts and aligning trades with institutional price movements.
How It Works:
The indicator uses predefined session times to calculate and display the opening levels for key trading sessions. It dynamically adjusts for time zones, ensuring accuracy regardless of the trader’s location.
4. Custom Watermark for Enhanced Visualization
Includes an optional watermark feature that allows users to display custom text on their charts.
Ideal for personalization, branding, or highlighting session notes without disrupting the clarity of the chart.
Why This Indicator Stands Out
First-to-Market Automation:
While the ICT 50% range line is a widely recognized concept, this is the first script to automate its calculation, combining it with other pivotal trading levels in a single tool.
All-in-One Functionality:
Unlike open-source alternatives that focus on individual features, this script integrates daily highs/lows, mid-range levels, session opens, and customizable watermarks into one cohesive system. The consolidation reduces the need for multiple indicators and ensures a clean, efficient chart setup.
Dynamic Customization:
Every feature can be adjusted to align with a trader’s strategy, time zone, or aesthetic preferences. This level of adaptability is unmatched in existing tools.
Proprietary Logic:
The indicator’s underlying calculations are built from scratch, leveraging advanced programming techniques to ensure accuracy and reliability. These proprietary methods differentiate it from similar open-source scripts.
How to Use This Indicator
Apply the Indicator:
Add it to your TradingView chart from the library.
Configure Settings:
Use the intuitive settings panel to adjust plotted levels, colors, styles, and visibility. Tailor the indicator to your trading strategy.
Incorporate into Analysis:
Combine the plotted levels with your preferred trading approach to identify liquidity zones, establish market bias, and pinpoint potential reversals or entries.
Stay Focused:
With all key levels automated and updated in real time, traders can focus on execution rather than manual plotting.
Originality and Justification for Closed Source
This script is closed-source due to its unique combination of features and proprietary logic that automates complex trading concepts like the ICT 50% range line and session-specific levels. Open-source alternatives lack this level of integration and customization, making this indicator a valuable and original contribution to the TradingView ecosystem.
What Sets It Apart from Open-Source Scripts?
Unlike open-source tools, this indicator doesn’t just replicate individual features—it enhances and integrates them into a seamless, all-in-one solution that offers traders a more efficient and effective way to analyze the market.
Thin Liquidity Zones [PhenLabs]Thin Liquidity Zones with Volume Delta
Our advanced volume analysis tool identifies and visualizes significant liquidity zones using real-time volume delta analysis. This indicator helps traders pinpoint and monitor critical price levels where substantial trading activity occurs, providing precise volume flow measurement through lower timeframe analysis.
The tool works by leveraging the fact that hedge funds, institutions, and other large market participants strategically fill their orders in areas of thin liquidity to minimize slippage and market impact. By detecting these zones, traders gain valuable insights into potential areas of accumulation, distribution, and liquidity traps, allowing for more informed trading decisions.
🔍 Key Features
Real-time volume delta calculation using lower timeframe data
Dynamic zone creation based on volume spikes
Automatic timeframe optimization
Size-filtered zones to avoid noise
Custom delta timeframe scanning
Flexible analysis period selection
📊 Visual Demonstration
💡 How It Works
The indicator continuously scans for high-volume areas where trading activity exceeds the specified threshold (default 6.0x average volume). When detected, it creates zones that display the net volume delta, showing whether buying or selling pressure dominated that price level.
Key zone characteristics:
Size filtering prevents noise from large price swings
Volume delta shows actual buying/selling pressure
Zones automatically expire based on lookback period
Real-time updates as new volume data arrives
⚙️ Settings
Time Settings
Analysis Timeframe: 15M to 1W options
Custom Period: User-defined bar count
Delta Timeframe: Automatic or manual selection
Volume Analysis
Volume Threshold: Minimum spike multiple
Volume MA Length: Averaging period
Maximum Zone Size: Size filter percentage
Display Options
Zone Color: Customizable with transparency
Delta Display: On/Off toggle
Text Position: Left/Center/Right alignment
📌 Tips for Best Results
Adjust volume threshold based on instrument volatility
Monitor zone clusters for potential support/resistance
Consider reducing max zone size in volatile markets
Use in conjunction with price action and other indicators
⚠️ Important Notes
Requires volume data from your data provider
Lower timeframe scanning may impact performance
Maximum 500 zones maintained for optimization
Zone creation is filtered by both volume and size
🔧 Volume Delta Calculation
The indicator uses TradingView’s advanced volume delta calculation, which:
Scans lower timeframe data for precision
Measures actual buying vs selling pressure
Updates in real-time with new data
Provides clear positive/negative flow indication
This tool is ideal for traders focusing on volume analysis and order flow. It helps identify key levels where significant trading activity has occurred and provides insight into the nature of that activity through volume delta analysis.
Note: Performance may vary based on your chart’s timeframe. Adjust settings according to your trading style and the instrument’s characteristics. Past performance is not indicative of future results, DYOR.
TRBO COGThe TRBO COG indicator is a MACD-based tool
that enables users to identify the current trend, helping them make informed decisions on whether to call or put.
This indicator is essential for traders looking to accurately assess market conditions and make strategic trading choices.
By utilizing the TRBO COG indicator, users can gain valuable insights into market trends and optimize their trading strategies for success.
Introduction to the TRBO COG Indicator
Overview of TRBO COG and its Purpose.
trade smart by using this tool.
The Importance of Trend Identification in Trading
1. Introduction to the TRBO COG Indicator
Overview of TRBO COG and its Purpose
The TRBO COG indicator is a nifty tool designed to help traders identify the current trend in the market, giving them a better understanding of whether to go long or short on their trades. It's like having a crystal ball that whispers trend secrets to you (minus the mystical ambiance).
The Importance of Trend Identification in Trading
In the wild world of trading, identifying the trend is like knowing which way the wind is blowing. It guides you in making informed decisions, prevents you from swimming against the tide, and increases your chances of catching profitable waves. Ignoring the trend is like trying to salsa dance to a waltz – not pretty.
2. Understanding the MACD-Based Functionality
Explanation of MACD and its Role in TRBO COG
MACD, short for Moving Average Convergence Divergence, plays a crucial role in the TRBO COG indicator. It's like the secret sauce that gives your trend analysis that extra kick. MACD helps smooth out price data, making it easier to spot trend changes and potential entry points. It's like having a seasoned detective in your trading toolkit.
How MACD Enhances Trend Analysis
By using MACD in the TRBO COG indicator, traders can dive deeper into trend analysis, identifying shifts in momentum and potential trend reversals. It's like having x-ray vision in a world full of market noise – helping you cut through the clutter and focus on what really matters.
3. Utilizing TRBO COG for Trend Identification
Step-by-Step Guide to Using TRBO COG
Using the TRBO COG indicator is as easy as making a cup of tea (well, almost). Simply input the indicator into your trading platform, follow the signals it generates, and voilà – you have a clearer picture of the prevailing trend. It's like having a trusty sidekick whispering trend insights in your ear.
Interpreting TRBO COG Signals for Trend Direction
When the TRBO COG indicator flashes its signals, it's like a lighthouse guiding you through stormy seas. Pay attention to the signals it provides – whether it indicates a bullish or bearish trend – and use this information to steer your trading decisions in the right direction. It's like having a compass in a sea of uncertainty.
4. Key Features and Components of TRBO COG
Overview of TRBO COG Components
The TRBO COG indicator consists of various components that work together to give you a holistic view of the trend. From trend lines to momentum indicators, each component plays a vital role in helping you navigate the market terrain. It's like having a full arsenal of tools at your disposal.
Understanding the Parameters for Customization
Customization is key when using the TRBO COG indicator. By tweaking the parameters to suit your trading style and preferences, you can fine-tune the indicator to provide you with tailored trend insights. It's like having a bespoke suit made – perfectly fitting and tailored to your needs.
5. Strategies for Making Informed Call Decisions
Using TRBO COG to Determine Call Timing
Timing is everything when it comes to trading, and the TRBO COG indicator can be a valuable tool in helping you pinpoint the optimal moment to make a call. By analyzing the convergence and divergence of the indicator lines, you can get a clearer picture of when the trend is in your favor, enabling you to make more informed decisions on when to enter or exit a trade.
Risk Management Techniques in Combination with TRBO COG
While the TRBO COG indicator can provide valuable insights into market trends, it's essential to pair this information with effective risk management techniques. Setting stop-loss orders, diversifying your portfolio, and avoiding emotional trading can all help mitigate potential losses and maximize your gains when using TRBO COG to inform your call decisions.
6. Case Studies and Real-World Applications
Examples of TRBO COG in Action
To truly understand the power of the TRBO COG indicator, looking at real-world examples can provide valuable insights. By examining how the indicator has been used in specific trading scenarios, you can gain a better understanding of its practical applications and potential outcomes in different market conditions.
Lessons Learned from Real Trading Scenarios
Reflecting on past trading experiences where TRBO COG was employed can offer valuable lessons for future decision-making. Understanding what worked well and what didn't in previous trades can help you refine your strategies and improve your overall trading performance when using the TRBO COG indicator.
7. Tips for Effective Implementation and Monitoring
Best Practices for Applying TRBO COG in Trading
When incorporating the TRBO COG indicator into your trading strategy, it's essential to follow best practices to maximize its effectiveness. This may include combining it with other technical indicators, testing different settings, and staying informed about market trends to make the most informed call decisions possible.
Monitoring and Adjusting TRBO COG Settings for Optimal Results
Market conditions can change rapidly, so regularly monitoring and adjusting your TRBO COG settings is crucial for achieving optimal results. By staying vigilant and adapting to evolving market trends, you can ensure that the indicator continues to provide you with accurate insights to inform your call decisions effectively.
8. Conclusion: Enhancing Decision-Making with TRBO COG
In conclusion, the TRBO COG indicator offers traders a valuable tool for identifying current trends and making informed call decisions. By understanding how to use the indicator to determine call timing, implementing effective risk management techniques, learning from real-world case studies, and following best practices for implementation and monitoring, traders can enhance their decision-making process and increase their chances of success in the market.
Conclusion: Enhancing Decision-Making with TRBO COG
Hourly Market Movement Pattern Indicator# Hourly Market Movement Pattern Indicator
This versatile technical analysis tool identifies the most active hours for trading by analyzing historical price movements. While it can be viewed on any timeframe chart, the indicator specifically tracks and displays which hours of the day historically show the strongest upward or downward price movements, helping traders optimize their trading schedule around these recurring hourly patterns.
## Core Features
- Tracks the best performing hours for both upward and downward movements
- Viewable on any timeframe chart while maintaining hourly analysis
- Clear visual display through a color-coded table overlay
- Real-time updates with new market data
- Works with all trading instruments (stocks, crypto, forex, futures, etc.)
## Timeframe Applications
### Chart Viewing Options
- Can be viewed on any timeframe chart (1min to Monthly)
- Maintains hourly pattern analysis regardless of chart timeframe
- Helps correlate hourly patterns with your preferred trading timeframe
- Allows detailed visualization of hourly patterns within your analysis period
### Intraday Trading
- Identify the most profitable hours for trading
- Plan trading sessions around historically strong hours
- Optimize entry and exit timing based on hourly patterns
- Structure day trading schedules around peak movement hours
### Swing Trading
- Use hourly statistics to optimize entry/exit timing
- Plan trade executions during historically strong hours
- Time position entries based on hourly success rates
- Enhance swing trading decisions with hourly pattern data
## Practical Applications
### Pattern Recognition
- Track recurring hourly market movements
- Identify institutional trading hour patterns
- Detect regular market cycle hours
- Recognize changes in hourly market behavior
### Risk Management
- Adjust position sizing based on historical hourly patterns
- Plan entries during statistically favorable hours
- Time stop loss adjustments around known volatile hours
- Scale positions according to hourly success rates
### Trade Planning
- Schedule trading sessions during optimal hours
- Plan trade executions around strong movement periods
- Structure trading day around peak hours
- Time position adjustments to favorable hours
## Setup Options
- Timeframe: View on any chart timeframe while tracking hourly patterns
- Visual Display: Non-intrusive table overlay
- Color Coding: Green for upward movements, Red for downward movements
- Hour Display: 24-hour format for global market compatibility
## Trading Strategy Integration
The indicator enhances trading approaches through:
- Optimal hour identification for trade execution
- Historical hourly pattern analysis
- Day trading session optimization
- Position timing based on hourly statistics
## Notes
This indicator proves particularly valuable for:
- Traders seeking to optimize their daily trading schedule
- Day traders focusing on peak market hours
- Swing traders optimizing entry/exit timing
- Traders adapting strategies to specific market hours
- International traders tracking hour-specific patterns across sessions
The tool's hourly pattern analysis provides crucial timing information regardless of your preferred chart timeframe or trading style, helping optimize trade execution around the most statistically favorable hours of the day.
TQQQ TradingThis script presents a specialized approach to trading TQQQ using a combination of significant price drops and trend confirmation methods. It identifies potential buying opportunities when TQQQ experiences a substantial correction (15% drop from recent highs) while maintaining strong underlying trend characteristics.
Key Features :
Identifies and measures significant price drops from recent highs
Checks multi-timeframe momentum
Implements a dynamic stop-loss that raises every day
Provides comprehensive trade statistics including win rate, profit factor, and average hold time
The strategy aims to capitalize on TQQQ's leveraged nature by entering during significant corrections when trend conditions remain favorable, rather than trying to catch every minor movement.
Note: This indicator is specifically designed for TQQQ on the daily timeframe
Volume Surge Webhook AlertThis TradingView indicator, named "Volume Surge Webhook Alert," is designed to find significant increases in trading volume and send out alerts with key information. It works by looking back at the volume over a certain number of past candlesticks, which you can set using the "Lookback Period" input. The indicator calculates the average volume during this period. Then, it sets a threshold for what counts as a "volume surge." This threshold is a percentage increase over the average volume, and you can adjust this percentage using the "Volume Surge Threshold (%)" input.
When the current candlestick's volume is higher than this threshold, the indicator considers it a volume surge. To help you see this visually, the indicator plots three lines on a separate chart: the average volume (in blue), the current volume (in red), and the threshold volume (in gray circles).
If a volume surge happens, the indicator creates a webhook alert. This alert sends a message in a structured format (like a digital envelope) that contains the following information: the symbol of the stock or cryptocurrency, the timeframe of the chart you're looking at, the current volume, the average volume, the threshold volume, and a simple message saying a volume surge was detected. This alert is sent only once when the candlestick closes with a volume surge.
Additionally, when a volume surge is detected, a small red exclamation mark "!" will appear above that candlestick on the main price chart.
Essentially, this indicator helps traders spot times when trading volume is unusually high, which can sometimes be a sign of important price movements. You can customize how sensitive the indicator is by changing the "Lookback Period" and the "Volume Surge Threshold (%)". The webhook alerts allow you to be notified automatically when these surges occur, so you don't have to constantly watch the charts.
Smart Moving AveragesSmart Moving Averages analyzes the dynamic interplay between price action and multiple moving averages to identify high-probability support and resistance zones.
The script's distinguishing features include:
Bounce detection that filters out noise by requiring specific penetration thresholds (0.1-1.5%), helping traders identify genuine support tests versus false signals
Real-time MA clustering analysis that reveals zones where multiple moving averages converge, indicating potentially stronger support/resistance levels
Statistical tracking of bounce success rates for each MA, allowing traders to identify which moving averages are most reliable for the current market conditions
Power bounce detection that combines EMA spread analysis with trend confirmation, highlighting especially strong bullish setups
Visual stack status system that instantly communicates market health through an intuitive color-coded display showing how many MAs are below price
The script helps traders make more informed decisions by quantifying the historical reliability of different moving averages while providing real-time analysis of MA interactions with price. This systematic approach moves beyond simple MA crossovers to identify higher probability trading opportunities.
CandelaCharts - ICT Weekly Profiles Go (WPG) 📝 Overview
The indicator provides a pattern-based approach to the ICT Weekly Profiles, emphasizing a line that marks the Open, High, Low, and Close of the week. This line allows you to instantly visualize and identify the Weekly Profile.
ICT Weekly Profiles are structured conceptual frameworks designed to outline typical patterns of price behavior over the course of a trading week. These profiles serve as analytical tools, offering traders insights into recurring market tendencies and helping them identify potential opportunities and risks.
The toolkit automatically detects and marks these Weekly Profiles on the chart, enabling traders to quickly pinpoint critical zones for analysis and decision-making.
📦 Features
The Block Concepts toolkit offers a comprehensive set of features designed to enhance trading precision and decision-making. Key features include:
Weekly Profiles (8)
Advanced Styling
Scanner
The indicator supports the following profiles:
ICT Weekly Profiles
Classic Tuesday Low Of The Week Bullish
Classic Tuesday High Of The Week Bearish
Wednesday Low Of The Week Bullish
Wednesday High Of The Week Bearish
Consolidation Thursday Reversal Bullish
Consolidation Thursday Reversal Bearish
Consolidation Midweek Rally Bullish
Consolidation Midweek Rally Bearish
⚙️ Settings
History: Controls how many profiles are displayed on the chart.
Timeframe Limit: Sets the timeframe up to which profiles will be drawn.
Show OHLC Lines: Display the lines for OHLC.
Show Profile Line: Display the Weekly Profile line.
Use NY Midnight Open: Controls from where a profile will start detection.
Open: Style for Open line.
High: Style for High line.
Low: Style for Low line.
Midline: Style for Profile Midline.
Label: Controls the position of the Weekly Profile name.
Scanner: Display the Scanner
⚡️ Showcase
ICT (Inner Circle Trader) weekly profile templates are analytical frameworks that categorize and describe typical patterns of price action observed during a trading week.
ICT Weekly Profiles
Scanner
📒 Usage
The primary objective of the ICT Weekly Profiles indicator is to provide traders with a comprehensive and actionable overview of the Weekly Previous, Current, and Future Profile. This allows traders to interpret market structure, anticipate price behavior, and align their trading decisions with higher time-frame trends.
Load the indicator on the chart
Enable Scanner
See the Predicted Profiles list
Predicted Profiles represent all potential scenarios for the current week, generated by a profile detection algorithm.
By visualizing potential outcomes through Predicted Profiles, the ICT Weekly Profiles indicator provides traders with a strategic edge, allowing them to remain flexible, prepared, and aligned with the most probable market movements.
🚨 Alerts
The indicator does not provide any alerts!
🔹 Notes
ICT Weekly Profiles
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⚠️ Disclaimer
Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
Relative Volume Index [PhenLabs]Relative Volume Index (RVI)
Version: PineScript™ v6
Description
The Relative Volume Index (RVI) is a sophisticated volume analysis indicator that compares real-time trading volume against historical averages for specific time periods. By analyzing volume patterns and statistical deviations, it helps traders identify unusual market activity and potential trading opportunities. The indicator uses dynamic color visualization and statistical overlays to provide clear, actionable volume analysis.
Components
• Volume Comparison: Real-time volume relative to historical averages
• Statistical Bands: Upper and lower deviation bands showing volume volatility
• Moving Average Line: Smoothed trend of relative volume
• Color Gradient Display: Visual representation of volume strength
• Statistics Dashboard: Real-time metrics and calculations
Usage Guidelines
Volume Strength Analysis:
• Values > 1.0 indicate above-average volume
• Values < 1.0 indicate below-average volume
• Watch for readings above the threshold (default 6.5x) for exceptional volume
Trading Signals:
• Strong volume confirms price moves
• Divergences between price and volume suggest potential reversals
• Use extreme readings as potential reversal signals
Optimal Settings:
• Start with default 15-bar lookback for general analysis
• Adjust threshold (6.5x) based on market volatility
• Use with multiple timeframes for confirmation
Best Practices:
• Combine with price action and other indicators
• Monitor deviation bands for volatility expansion
• Use the statistics panel for precise readings
• Pay attention to color gradients for quick assessment
Limitations
• Requires quality volume data for accurate calculations
• May produce false signals during pre/post market hours
• Historical comparisons may be skewed during unusual market conditions
• Best suited for liquid markets with consistent volume patterns
Note: For optimal results, use in conjunction with price action analysis and other technical indicators. The indicator performs best during regular market hours on liquid instruments.
Rosiz Support 2### **Indicator Name**: Custom RSI, Stochastic, and ADX
### **Description**:
This is a multi-functional indicator that combines three popular technical analysis tools—**RSI (Relative Strength Index)**, **Stochastic Oscillator**, and **ADX (Average Directional Index)**—into a single, customizable pane. This indicator helps traders analyze momentum, overbought/oversold conditions, and trend strength simultaneously, making it a powerful tool for making informed trading decisions.
---
### **Features**:
1. **RSI (Relative Strength Index)**:
- Measures the speed and change of price movements.
- Helps identify overbought (>70) and oversold (<30) conditions.
- Includes customizable length and source options.
- Background shading visually highlights overbought and oversold zones.
2. **Stochastic Oscillator**:
- Determines momentum by comparing a security's closing price to its price range over a specific period.
- Includes %K and %D lines for crossovers, which signal potential entry or exit points.
- Highlights overbought (>80) and oversold (<20) zones with background fill.
3. **ADX (Average Directional Index)**:
- Measures trend strength (higher values indicate stronger trends).
- Includes customizable smoothing and DI (Directional Indicator) length.
---
### **How to Use**:
- **RSI**: Look for overbought or oversold conditions for potential reversal points. Divergences between price and RSI may signal weakening trends.
- **Stochastic Oscillator**: Watch for %K and %D crossovers near overbought or oversold zones to confirm buy or sell signals.
- **ADX**: Use ADX values to assess trend strength:
- **ADX > 25**: Strong trend.
- **ADX < 20**: Weak or ranging market.
---
### **Customization Options**:
- **RSI Settings**: Adjust length, source, and visual parameters.
- **Stochastic Settings**: Modify %K and %D lengths and smoothing factors.
- **ADX Settings**: Fine-tune smoothing and directional index lengths.
---
### **Advantages**:
- Combines three indicators into one, reducing chart clutter.
- Customizable inputs for flexibility in various trading strategies.
- Visual enhancements (background fills and lines) for better readability.
This indicator is perfect for traders looking to combine momentum analysis, overbought/oversold signals, and trend strength in a single tool!
CandelaCharts - ICT Daily Profiles📝 Overview
The ICT Daily Profiles by CandelaCharts rooted in the ICT teachings represent a pattern-based approach to trading that focuses on identifying and analyzing the key highs and lows of various intraday trading sessions.
The toolkit automatically detects and marks these ICT Daily Profiles on the chart, enabling traders to quickly pinpoint critical zones for analysis and decision-making.
Whether you are a seasoned professional or a developing trader, ICT Daily Profiles provides actionable frameworks to enhance your understanding of price dynamics and improve your intraday trading performance.
📦 Features
The ICT Daily Profiles toolkit offers a comprehensive set of features designed to enhance trading precision and decision-making. Key features include:
Daily Profiles
Advanced Styling
Scanner
The indicator supports the following profiles:
Session I High Session II Low Bearish
Session I High Session III Low Bearish
Session I High Session IV Low Bearish
Session II High Session III Low Bearish
Session II High Session IV Low Bearish
Session III High Session IV Low Bearish
Session I Low Session II High Bullish
Session I Low Session III High Bullish
Session I Low Session IV High Bullish
Session II Low Session III High Bullish
Session II Low Session IV High Bullish
Session III Low Session IV High Bullish
Session I High Session I Low Bearish
Session I Low Session I High Bearish
Session II High Session II Low Bearish
Session II Low Session II High Bearish
Session III High Session III Low Bearish
Session III Low Session III High Bearish
Session IV High Session IV Low Bearish
Session IV Low Session IV High Bearish
⚙️ Settings
Sessions: Controls how many sessions you want to see.
History: Controls how many profiles are displayed on the chart.
Timeframe Limit: Sets the timeframe up to which profiles will be drawn.
Show OHLC Lines: Display the lines for OHLC.
Show Profile Line: Display the Daily Profile line.
Use NY Midnight Open: Controls from where a profile will start detection.
Open: Style for Open line.
High: Style for High line.
Low: Style for Low line.
Midline: Style for Profile Midline.
Label: Controls the position of the Daily Profile name.
Scanner: Display the Scanner
⚡️ Showcase
ICT (Inner Circle Trader) daily profile templates are analytical frameworks that categorize and describe typical patterns of price action observed during a trading day.
ICT Daily Profiles
Scanner
📒 Usage
The ICT Daily Profiles indicator aims to give traders a clear and actionable view of the Daily Previous, Current, and Future Profiles. This enables them to analyze market structure, predict price movements, and align their trading strategies with higher time-frame trends.
Load the indicator on the chart
Enable Scanner
See the Predicted Profiles list
Predicted Profiles represent all potential scenarios for the current day, generated by a profile detection algorithm.
By visualizing potential outcomes through Predicted Profiles, the ICT Daily Profiles indicator provides traders with a strategic edge, allowing them to remain flexible, prepared, and aligned with the most probable market movements.
🚨 Alerts
The indicator does not provide any alerts!
🔹 Notes
ICT Daily Profiles
pbs.twimg.com
⚠️ Disclaimer
These tools are exclusively available on the TradingView platform.
Our charting tools are intended solely for informational and educational purposes and should not be regarded as financial, investment, or trading advice. They are not designed to predict market movements or offer specific recommendations. Users should be aware that past performance is not indicative of future results and should not rely on these tools for financial decisions. By using these charting tools, the purchaser agrees that the seller and creator hold no responsibility for any decisions made based on information provided by the tools. The purchaser assumes full responsibility and liability for any actions taken and their consequences, including potential financial losses or investment outcomes that may result from the use of these products.
By purchasing, the customer acknowledges and accepts that neither the seller nor the creator is liable for any undesired outcomes stemming from the development, sale, or use of these products. Additionally, the purchaser agrees to indemnify the seller from any liability. If invited through the Friends and Family Program, the purchaser understands that any provided discount code applies only to the initial purchase of Candela's subscription. The purchaser is responsible for canceling or requesting cancellation of their subscription if they choose not to continue at the full retail price. In the event the purchaser no longer wishes to use the products, they must unsubscribe from the membership service, if applicable.
We do not offer reimbursements, refunds, or chargebacks. Once these Terms are accepted at the time of purchase, no reimbursements, refunds, or chargebacks will be issued under any circumstances.
By continuing to use these charting tools, the user confirms their understanding and acceptance of these Terms as outlined in this disclaimer.
CandelaCharts - ICT Weekly Profiles📝 Overview
The indicator provides a pattern-based approach to the ICT Weekly Profiles, emphasizing a line that marks the Open, High, Low, and Close of the week. This line allows you to instantly visualize and identify the Weekly Profile.
The profile detection relies on the week’s high and low, delivering a clear and concise representation of the weekly profile.
ICT Weekly Profiles are structured conceptual frameworks designed to outline typical patterns of price behavior over the course of a trading week. These profiles serve as analytical tools, offering traders insights into recurring market tendencies and helping them identify potential opportunities and risks.
The ICT Weekly Profiles indicator offers two distinct types of profiles to provide a clearer understanding of weekly price action:
ICT Weekly Profiles
ICT Missing Weekly Profiles
The toolkit automatically detects and marks these ICT Weekly Profiles and ICT Missing Weekly Profiles on the chart, enabling traders to quickly pinpoint critical zones for analysis and decision-making.
📦 Features
The ICT Weekly Profiles toolkit offers a comprehensive set of features designed to enhance trading precision and decision-making. Key features include:
Weekly Profiles
Missing Weekly Profiles
Advanced Styling
Scanner
The indicator supports the following profiles:
ICT Weekly Profiles
Classic Tuesday Low Of The Week Bullish
Classic Tuesday High Of The Week Bearish
Wednesday Low Of The Week Bullish
Wednesday High Of The Week Bearish
Consolidation Thursday Reversal Bullish
Consolidation Thursday Reversal Bearish
Consolidation Midweek Rally Bullish
Consolidation Midweek Rally Bearish
Wednesday Weekly Reversal Bullish
Wednesday Weekly Reversal Bearish
Seek And Destroy Bullish Friday
Seek And Destroy Bearish Friday
ICT Missing Weekly Profiles
Monday Low Tuesday High Bullish
Monday High Tuesday Low Bearish
Monday Low Wednesday High Bullish
Monday High Wednesday Low Bearish
Monday Low Thursday High Bullish
Monday High Thursday Low Bearish
Tuesday Low Wednesday High Bullish
Tuesday High Wednesday Low Bearish
Tuesday Low Friday High Bullish
Tuesday High Friday Low Bearish
Wednesday Low Thursday High Bullish
Wednesday High Thursday Low Bearish
Monday Low Friday High Bullish
Monday Friday Bearish Rally
Monday High/Low Range
Tuesday High/Low Range
Wednesday High/Low Range
Thursday High/Low Range
Friday High/Low Range
⚙️ Settings
History: Controls how many profiles are displayed on the chart.
Timeframe Limit: Sets the timeframe up to which profiles will be drawn.
Show OHLC Lines: Display the lines for OHLC.
Show Profile Line: Display the Weekly Profile line.
Use NY Midnight Open: Controls from where a profile will start detection.
Open: Style for Open line.
High: Style for High line.
Low: Style for Low line.
Midline: Style for Profile Midline.
Label: Controls the position of the Weekly Profile name.
Scanner: Display the Scanner
⚡️ Showcase
ICT (Inner Circle Trader) weekly profile templates are analytical frameworks that categorize and describe typical patterns of price action observed during a trading week.
ICT Weekly Profiles
ICT Missing Weekly Profiles
Scanner
📒 Usage
The primary objective of the ICT Weekly Profiles indicator is to provide traders with a comprehensive and actionable overview of the Weekly Previous, Current, and Future Profile. This allows traders to interpret market structure, anticipate price behavior, and align their trading decisions with higher time-frame trends.
Load the indicator on the chart
Enable Scanner
See the Predicted Profiles list
Predicted Profiles represent all potential scenarios for the current week, generated by a profile detection algorithm.
By visualizing potential outcomes through Predicted Profiles, the ICT Weekly Profiles indicator provides traders with a strategic edge, allowing them to remain flexible, prepared, and aligned with the most probable market movements.
🚨 Alerts
The indicator does not provide any alerts!
🔹 Notes
ICT Weekly Profiles
pbs.twimg.com
ICT Missing Weekly Profiles
pbs.twimg.com
⚠️ Disclaimer
These tools are exclusively available on the TradingView platform.
Our charting tools are intended solely for informational and educational purposes and should not be regarded as financial, investment, or trading advice. They are not designed to predict market movements or offer specific recommendations. Users should be aware that past performance is not indicative of future results and should not rely on these tools for financial decisions. By using these charting tools, the purchaser agrees that the seller and creator hold no responsibility for any decisions made based on information provided by the tools. The purchaser assumes full responsibility and liability for any actions taken and their consequences, including potential financial losses or investment outcomes that may result from the use of these products.
By purchasing, the customer acknowledges and accepts that neither the seller nor the creator is liable for any undesired outcomes stemming from the development, sale, or use of these products. Additionally, the purchaser agrees to indemnify the seller from any liability. If invited through the Friends and Family Program, the purchaser understands that any provided discount code applies only to the initial purchase of Candela's subscription. The purchaser is responsible for canceling or requesting cancellation of their subscription if they choose not to continue at the full retail price. In the event the purchaser no longer wishes to use the products, they must unsubscribe from the membership service, if applicable.
We do not offer reimbursements, refunds, or chargebacks. Once these Terms are accepted at the time of purchase, no reimbursements, refunds, or chargebacks will be issued under any circumstances.
By continuing to use these charting tools, the user confirms their understanding and acceptance of these Terms as outlined in this disclaimer.
Doji Double Top & Double Bottom
FUNCTION :
This indicator checks if 2 consecutive candlesticks are formed in such a way that both the lows or both the highs of the consecutive candlesticks are almost at the same level and either of them is a doji
TIMEFRAMES :
it works on daily, weekly, monthly and higher timeframes
CRITERIA :
There is maximum difference value between 2 consecutive candlesticks' lows or 2 consecutive candlesticks' highs
Minimum value of the doji's wick size
Maximum value of the doji's body size
These 3 conditions need to be fulfilled for the 2 consecutive candlesticks to be considered as a Double top or Double bottom by this indicator
EXAMPLES :
Here the indicator is giving only double Bottom signals on CRUDE OIL chart
Here the indicator is giving only double top signals on GOLD chart
Here the indicator gives both double top & double bottom signals on EUR/USD Daily chart
Here the indicator is giving both double top & double bottom signals on EUR/USD Half-Yearly chart
DEFINITIONS :
There are 2 types -
DOJI DOUBLE BOTTOM - if the lows of 2 consecutive candlesticks are almost at the same level & either of them is doji then it is called Double Bottom and market is supposed to go higher after forming it.
DOJI DOUBLE TOP - if the highs of 2 consecutive candlesticks are almost at the same level & either of them is doji then it is called Double Top and market is supposed to go lower after forming it.
SETTINGS :
There are options to change the value of each of the 3 parameters within the indicator's settings for daily, weekly & monthly chart [
LIMITATIONS :
You should not trade based on the signals from this indicator solely, you should check other parameters too before making trading decision
US30 Q4_trade _levels_Jan2025updated description and use
US30 Trade Levels.plus 50% take profit levels
this indicator is based on the US30 quarterly theory level strategy
the difference here is that the zones have been zoom'd out for the H2 view for oversight and M30 as application theory to the Q4 levels.
The Q4 levels are spaced and calculated 385 pips apart, and also span within the daily ADR range for US30.
so these are zones that has proven to be valid going back as far as Nov2022
these are pass through levels, to together with other confluences like order blocks and or breaker blocks, will give you a guideline as to expect a valid zone of interest.
USE this indicator in conjunction with an SMC point of view to identify OB & CHOCH
