Super SMA 5 8 13This indicator is based on the 5 8 13 simple moving average strategy of strategist Selçuk Gönençler. The indicator shows buy and sell signals when favorable conditions occur.
══ H O W T O U S E ══
Above 5-8-13 - Confirmed hold/buy
5 below (8-13 above) - Be careful, lose weight but don't run away.
Below 5-8 (above 13) - Risk has begun. Don't be stubborn. 13 is your last castle.
5-8-13 below. Don't fight! Wait until it rises above 5-8 again.
차트 패턴
Buy/Sell BoxThis indicator tries to identify the points where the price exceeds or falls below a rectangle based on the opening and closing prices of the previous period, the creation of the boxes occurs when a doji is detected therefore it will calculate the coordinates of the rectangle that will be drawn around it, therefore the indicator offers buy or sell signals based on this logic. Specifically, the buy signal is generated if the closing price is above the top of the rectangle and satisfies some previous price conditions while the sell signal is generated if the closing price is below the bottom of the rectangle and satisfies some conditions of previous prices within a further threshold based on the Ema 150.
Lines are then drawn on the graph to visually display the extreme price levels, which can be useful for any confirmation of buy and sell signals, Stop Loss and Take Profit, Trend Filter (to visually understand if the trend is bullish or bearish)
A potentially effective trading strategy could involve identifying buy and sell signals near the extreme price level lines drawn by the indicator. This approach can be used to try to improve the accuracy of your trading signals and make more informed decisions. For example:
When you receive a buy or sell signal based on the dojis and rectangles generated by the indicator, check whether the price is also near one of the extreme price level lines. If you are receiving a buy signal and notice that the current price is near a low of the lower level line, this may further confirm the buying opportunity, as the price is near a significant resistance level. On the contrary, if the sell signal was close to a maximum price level it could confirm an excellent short entry.
It is also possible to use the boxes as reference points to set the stop loss and take profit levels. If you are entering a buy position, you might consider setting your stop loss just below an upper line of the last box. Additionally, you may want to set your take profit near a higher price level if you are looking to maximize profits. This will help manage risks and protect your capital.
7 consecutive closes above/below the 5-periodThis script looks for 7 consecutive closes above/below the 5-period SMA. The indicator is inspired by legendary trader Linda Raschke's work.
First are the two models for which the indicator was created, both inspired by Raschke:
1) Persistency of trend / Extended run setup.
Around 10-12 times per year we get a persistency of trend in instruments in general.
After 7 consecutive closes above/below the 5-period as price pulls back we can look to enter in the direction of the main trend as it moves up/down above/below 5 ma again. You should use price action trading to pinpoint the entries. Now try to hold this as long as possible. Way longer than you can percieve or think is possible. Up to 24-28 periods is what we are looking for in these cases.
2) Normal usage.
When the trend is not persistent, it is possible to use this as an oscillating signal, for a shorter term trade, where we can look for a short or long term reversal setup in price action.
3) I also use it at as a learning to see the swing trades clearer. You can also use it as a visual aid for developing new variances of the classic swing trading setup.
Read and listen to Linda Raschkes work to learn more.
Bollinger Bands & Fibonacci StrategyThe Bollinger Bands & Fibonacci Strategy is a powerful technical analysis trading strategy designed to identify potential entry and exit points in financial markets. This strategy combines two widely used indicators, Bollinger Bands and Fibonacci retracement levels, to assist traders in making informed trading decisions.
Key Features:
Bollinger Bands: This strategy utilizes Bollinger Bands, a volatility-based indicator that consists of an upper band, a lower band, and a middle (basis) line. Bollinger Bands help traders visualize price volatility and potential reversal points.
Fibonacci Retracement Levels: Fibonacci retracement levels are essential tools for identifying potential support and resistance levels in price charts. This strategy incorporates Fibonacci retracement levels, including the 0% and 100% levels, to aid in pinpointing key price levels.
Long and Short Signals: The strategy generates long (buy) and short (sell) signals based on specific conditions derived from Bollinger Bands and Fibonacci levels. Long signals are generated when price crosses above the upper Bollinger Band and when the price is above the Fibonacci low level. Short signals are generated when price crosses below the lower Bollinger Band and when the price is below the Fibonacci high level.
Position Management: To prevent multiple concurrent positions of the same type (long or short), the strategy employs position management logic. It tracks open positions and ensures that only one position type is active at a time.
Exit Conditions: The strategy includes customizable exit conditions to manage and close open positions. Traders can fine-tune exit criteria to align with their risk management and profit-taking strategies.
User-Friendly: This strategy script is user-friendly and can be easily integrated into the TradingView platform, allowing traders to apply it to various financial instruments and timeframes.
Usage:
Traders and investors can apply the Bollinger Bands & Fibonacci Strategy to a wide range of financial markets, including stocks, forex, commodities, and cryptocurrencies. It can be adapted to different timeframes to suit various trading styles, from day trading to swing trading.
Disclaimer:
Trading carries inherent risks, and this strategy is no exception. It is essential to use proper risk management techniques, including stop-loss orders, and thoroughly backtest the strategy on historical data before implementing it in live trading.
The Bollinger Bands & Fibonacci Strategy is a valuable tool for technical traders seeking well-defined entry and exit points based on robust indicators. It can serve as a foundation for traders to build and customize their trading strategies according to their individual preferences and risk tolerance.
Feel free to customize this description to add any additional details or specifications unique to your strategy. When publishing your strategy on a trading platform like TradingView, a clear and informative description can help potential users understand and use your strategy effectively.
Southern Star Shadows with AlertThe "Southern Star Shadows with Alert" indicator in Pine Script is designed to identify and visually represent a specific candlestick pattern known as the "Southern Star Shadows" pattern on a TradingView chart. This pattern can provide traders with potential signals for both bullish and bearish market conditions.
Here's a short description of how the indicator works:
Pattern Identification: The indicator scans price data to identify the conditions that constitute a "Southern Star Shadows" pattern. It checks for a combination of factors, including the relationship between the current and previous candle's high, low, open, and close prices.
Signal Generation: The indicator assigns a signal based on the identified pattern. It generates a "1" for a bullish signal and "-1" for a bearish signal. If the pattern conditions are not met, it assigns a "0," indicating no clear signal.
Visualization: The indicator visually represents the signals by coloring the price bars. Bullish signals are typically colored in blue, while bearish signals are colored in red.
Triangle Plots: Additionally, the indicator plots small triangle shapes above the respective candles to highlight where the pattern occurred. Green triangles are used for bullish signals, and red triangles are used for bearish signals.
Alerts: Traders can set up alerts based on the indicator. When the pattern is detected and a signal is generated, the indicator sends an alert message, providing traders with a timely notification of potential trading opportunities.
Overall, the "Southern Star Shadows with Alert" indicator helps traders identify and react to potential trend reversal or continuation opportunities in the market by recognizing specific candlestick patterns and providing visual and alert-based signals.
Encapsulation BoxThe “Encapsulation Box” indicator is designed to locate areas of the chart where the highs and lows of candlesticks are “embedded” or enclosed within the body of a previous candlestick. This setup indicates a significant contraction in the market and can provide important trading signals. Here's how it works in more detail:
Detecting contraction: The indicator looks for situations where the price range of the candles is very narrow, i.e. when subsequent candles have highs and lows that are contained within the range of a previous candle. This condition indicates a contraction in the market before a possible directional move.
When a contraction is detected, the indicator draws a rectangle around the area where the highs and lows of the candles are embedded. The rectangle has its upper vertex corresponding to the maximum of the candles involved and its lower vertex corresponding to the minimum. The width of the rectangle is defined by can be customized by the user.
A key feature of this indicator is the horizontal line drawn outside the rectangle. This line is positioned in the middle of the rectangle and represents 50% of the range of the rectangle itself. This line acts as a significant support or resistance level depending on the direction the contraction breaks.
The indicator can generate buy or sell signals when a break in the rectangle or horizontal line occurs. For example, if the price breaks above the rectangle and the horizontal line, it could generate a buy signal, indicating a possible uptrend. Conversely, if the price breaks below the rectangle and the horizontal line, it could generate a sell signal, indicating a possible downtrend.
Psychological Support/Resistence [BigBeluga]The Psychological Support/Resistance indicator aims to provide the user with hypothetical support and resistance zones that are likely to provoke a strong reaction in price, either in both directions, providing good bouncing zones or significant movements once those levels are breached.
🔶 CALCULATION
The script takes into consideration the total number of sequential candles moving in the same direction, as determined by the user's settings. When this sequence is identified, a level is created.
A level is considered broken when the candle's close is above the top/bottom of the level.
Users have the option to select the width of the area based on the Average (AVG), Open, or Close.
AVG will provide the average width of the level of the area.
Close will offer a broader range to work with.
Open will provide a very narrow area.
🔶 METHODOLOGY
The idea behind these areas is that the price will be more likely to produce either a substantial move in the ongoing direction or, when breached, a strong price reaction.
The more the support level is touched or tested, the more likely it is to break.
The longer it has been since its creation and the less it has been tested, the more likely it is to offer strong support or resistance.
Wicks starting to close above the level will indicate a potential breakout to the upside or downside if a candle manages to close above it.
🔶 INPUTS
Users have the option to determine the number of sequential candles.
Users also have the option to decide how many zones to display on the chart.
Color changes are possible.
The possibility to show volume on the creation of the zone is included."
Contraction Box & Doji LinesContraction & Doji Lines indicator is designed to identify and visualize potential support and resistance levels on a price chart. It does this by detecting doji candlestick patterns and drawing horizontal lines from the middle of the doji bodies to the right. Additionally, it also highlights price contraction zones with colored boxes.
The indicator first identifies doji candlestick patterns that it suggests indecision in the market, a horizontal line and these horizontal lines can act as potential support or resistance levels. Traders can observe price reactions around these lines. If the price approaches a line and bounces off it, it may indicate a significant level in the market.
In addition to doji lines, this indicator also highlights price contraction zones. When a contraction zone is detected, a colored box is drawn to highlight this zone. The box extends from the fifth bar ago (left side) to the current bar (right side), with the highest high and lowest low of the identified zone. The color and width of this box can be customized using the "Box Line Border Color," "Box Background Color," and "Box Width" parameters.
A possible strategy could be can use the doji lines as potential support and resistance levels to make trading decisions. For example, if the price breaks above a doji line and holds, it may indicate a bullish signal.
The colored boxes highlight areas of price contraction, which often precede significant price movements. Traders can use these zones to anticipate potential breakouts or breakdowns.
For example, you might enter a long (buy) position if it anticipate a breakout from a contraction zone with a target price set above the breakout level. Conversely, you might enter a short (sell) position if they anticipate a breakdown from a contraction zone with a target price set below the breakdown level.
L.S.C : CF-SW ORG ORS ORIfor L.S.C Strategy
Green Curry with Chicken Ingredients:
Green curry paste: 70 grams
Chicken thigh meat: 300 grams
Coconut milk (thick): 250 milliliters
Coconut milk (thin): 400 milliliters
Sliced eggplant: 100 grams
Thai pea eggplant: 50 grams
Kaffir lime leaves: 3 leaves
Red bird's eye chili (sliced): 2 seeds
Holy basil leaves: 15 grams
Fish sauce: 1 tablespoon
Palm sugar: 1 tablespoon
Dev's PDH PDL super strategyHave plotted Previous day High, previous day low, previous day close and previous day open. Moreover Previous month High and low are plotted. Background changes are made as per this concept: when the current day's price is above PDL and below PDH, a green background when the current price is above both PDL and PDH, and a red background when the current day's price is below both PDL and PDH.
Current day High and low are plotted as white lines, which are dynamic and change once new high or low forms.
PERFECT ENGULFING Candlestick Patterns by AnmolWill add some more patterns and conditions in it in future, for now its for detecting PERFECT Engulfings only.
Use these Engulfing to take a trade when it get detected on support/resistance
Engulfing and emaThis is a Pine Script script that helps you see the Engulfing Candlestick and Inside Bar (Boring Candle) candle patterns on the TradingView chart, as well as drawing two Exponential Moving Averages (EMA). Here's a simple explanation:
1. **Candle Pattern**:
- This script identifies the Engulfing Candlestick pattern, which indicates potential changes to the price. If this pattern is detected, the script will show a green (for buy) or red (for sell) arrow above or below that candle.
- The script also identifies the Inside Bar (Boring Candle), which indicates the period area in the market. This candle will be the color you choose (default is orange).
2. **Moving Average (EMA)**:
- This script also plots two Exponential Moving Averages (EMA) on the chart. EMA is a tool that helps you see price trends more clearly.
3. **Risk Management**:
- This script calculates the Stop Loss (SL) and Take Profit (TP) levels for each Engulfing pattern. This helps you manage your trading risks.
- Labels are displayed on the charts for SL and TP, so you know where to place them.
With the help of this script, you can easily identify important patterns in the market and manage your risks better. Make sure to choose a demo account before using it in real trading.
ABC on Recursive Zigzag [Trendoscope]There are several implementations of ABC pattern in tradingview and pine script. However, we have made this indicator to provide users additional quantifiable information along with flexibility to experiment and develop their own strategy based on the patterns.
🎲 Highlights of this indicator over other ABC implementations are:
Implementation is based on recursive multi level zigzag allows bigger as well as smaller patterns to be identified
Allows users to set their trading rules with respect to entry, target and stop ratios, experiment and build their own strategy based on the ABC pattern.
Back test summary including win ratio and risk reward will help users understand the profitability based on different settings being used.
🎲 Concept of ABC Pattern
The ABC pattern, also known as the "Corrective Wave" or "Zigzag Pattern," is a fundamental concept in Elliott Wave Theory, which is widely used in technical analysis to identify and predict price movements in financial markets.
The ABC pattern is a three-wave corrective pattern that typically occurs within the context of a larger impulse or trending wave. It consists of two smaller waves in the opposite direction (A and C) separated by a corrective wave (B). These waves are labeled alphabetically and represent price movements.
Wave A (Impulse Wave): Wave A is the first leg of the ABC pattern and is characterized by a strong price move in the opposite direction of the prevailing trend. It is often driven by a fundamental or sentiment-driven event that temporarily disrupts the trend.
Wave B (Corrective Wave): Wave B is the corrective wave that follows Wave A. It represents a partial retracement of Wave A's price movement. Wave B can take various forms, such as a simple correction or a complex correction (e.g., a triangle or a flat correction). It typically doesn't retrace the entire length of Wave A.
Wave C (Impulse Wave): Wave C is the final leg of the ABC pattern and is characterized by a strong price move in the same direction as the prevailing trend. It often surpasses the starting point of Wave A and confirms the resumption of the larger trend.
🎲 Indicator Components
Upon loading the indicator on the chart, we can observe the following components on the chart.
Pattern Drawings is the graphical representation of present patterns. Please note that it is not necessary for patterns to be there on the chart all the time. Patterns will appear on the chart when price makes the patterns.
Trade Box is the box representing trade signals of the pattern. These trade levels are generated based on the user settings.
Summary Table is the back test summary containing details of historical pattern performance including Win Ratio and Risk Reward.
🎲 Indicator Settings
Details of each user settings are provided in the tooltips. Below is the snapshot of it.
🎲 Alerts
Basic level of alerts are built in the script using alert function to highlight the following conditions:
New ABC Pattern
Updates to existing Pattern
Both conditions will alert simple text messages. There is not much customization provided as part of this indicator. We will consider providing more options in future versions based on the interest and demand shown by users.
Buy/Sell EMA CrossoverThe indicator identifies potential trading opportunities within the market. It is entirely based on the combination of exponential moving averages by drawing triangles on the chart that identify buy or sell signals combined with vertical bars that create areas of interest.
Specifically, when a buy signal occurs, the indicator draws a vertical bar with an azure background, indicating a possible buy area. Similarly, a sell signal is represented by a vertical bar with a fuchsia background, indicating a possible sell area.
These areas represent the main point of the indicator which uses exponential moving averages which, based on the direction of prices, identify the trend and color the background of the graph in order to visually highlight the predominant trend.
The green triangles above the bars of the chart suggest possible upside opportunities (good bullish entry points) when the 21 ema crosses the 200 ema.
While on the contrary the red triangles, 21 ema lower than the 200 ema, can indicate possible bearish trends (good bearish entry points).
While the white and purple triangles reveal moments of potential indecision or market change.
We can think of them as situations of uncertain trend in which it is possible to place a long or short order near some conditions that we are going to see.
The white triangles below, which are created when the 13 ema is higher than the 21 ema, indicate a possible bullish zone while the purple triangles above (13 ema lower than the 21) could suggest a bearish reflex
Colored lines represent moving averages blue = 200, 21= fuchsia and 13 = white. If the price is above the 200 period line then it could be a bullish opportunity, otherwise it could be a bearish one.
An interesting strategy to adopt is to evaluate, for example, the inputs near the vertical bars (azure - long) (fuchsia - short) when a white or purple triangle appears.
The more prominent green triangle indicates that the trend is going in a long direction.
On the contrary, the red (short) triangles are the opposite of the green ones and have the same importance as input logic.
The white triangle instead present more often inside the indicator identifies interesting buying areas of short duration, it is important to consider that the closer the triangles are to the vertical blue bars the stronger the entry signal.
Finally, the purple triangles are the short-term bearish trends whose entry near the fuchsia vertical bars defines a short.
