MTFT Reversal Lines, TheStrat Suite (5of5)Multi Time Frame Tools
Multi Time Frame Tools (MTFT) is a suite of scripts aimed to establish a standard timeframe-based color scheme. This can be utilized to overlay different timeframes calculations/values over a single timeframe. As one example, this would allow to observe the 5-month moving average, 5-week moving average, and 5-day moving average overlaid over each other. This would allow to study a chart, get accustomed to the color scheme and study all these at the same time much easier.
All indicators calculated using the below specific timeframes as input, will always use the color scheme outlined below. This is to get you in habit of recognizing the different timeframes overlaid in top of each other. These can be personalized.
Longer TF analysis.
Yearly - Black
Semi-Annual - Yellow
Quarterly - White
Monthly - Maroon
Weekly - Royal Blue
Daily - Lime
Shorter TF analysis.
4 hour - Fuchsia
1 hour - Orange
30 min - Red
15 min - Brown
10 min - Purple
5 min - Lilac
All color coordination is able to be modified in either the “Inputs” or “Style” section. If you need to make changes, make sure to select “Save as Default” on the bottom right of the settings menu.
Recommended Chart Color Layout
I played around with color coordination a lot. The final product was what worked best for me. I personally use the following chart settings to accent all available TF colors.
-> Click on the settings wheel on your chart. -> Click on “Appearance”.
Background - Solid -> On the top row pick the 6th color from the left.
Vert Grid Lines and Horz Grid Lines -> On the top row pick the 7th color from the left.
You may of course change these and the indicator line colors as you like.
Adding indicator to Chart
-> Open the TradingView “Indicators & Strategies” library, the icon has “ƒx”. -> All premium scripts will be located under “Invite-Only Scripts” -> Click indicator to add to your chart.
MTFT TheStrat Suite (5 Scripts)
Rob Smith is the creator of ‘TheStrat’ trading strategy. For ‘TheStrat’ I have put together a suite of 5 premium scripts that combined will offer people interested in learning ‘TheStrat’ a cleaner learning process. For 2 of the 5 scripts specifically, the MTFT approach of overlaying multiple longer timeframes(TF) over a shorter TF selected as a display cannot be utilized. The other 2 scripts will have full MTFT functionality and they are my personal favorite. I will be providing very basic info to utilize this script; it is up to you to dive deep into learning this strategy. I am not an expert with the tool or a financial advisor. As with all aspects of life, I recommend you research, learn, discern and practice extensively in order to become a master.
1. MTFT Patterns Pro/Noob
2. MTFT Full Time Frame Continuity Table
3. MTFT Last HML wOpen
4. MTFT Actionable Signal Targets
*5. MTFT Reversal Lines
MTFT Reversal Lines, TheStrat Suite (5of5)
This script will plot the line at the point that the reversal was formed for multiple timeframes. Often times price retraces to these points before making more explosive moves in continuation of the reversal direction.
The script has the following features.
Six user selected time frames per script instance can be enabled/disabled. Timeframes include: Yearly(Y), Semi-annually(S), Quarterly(Q), Monthly(M), Weekly(W), Daily(D), 4 hour, 1 hour, 30 min, 15 min, 10 min, and 5 min. Image below shows the Weekly TF selected, and only the W, Q, M, and W are enabled. I’ve included some comments on basic observations.
2. Auto hide lower timeframe calculations. Auto Hide feature will hide smaller TF calculations when a larger timeframe is selected as the display TF. Example, when the Daily timeframe candlestick selected the 4 hour and smaller calculations are hidden because they produce irrelevant results relative to the selected timeframe. If a lower TF is selected such as the 30 min candlestick, the previously hidden timeframes are now displayed. This allows easier study as you change between displayed timeframes.
This script works best in conjunction with ‘MTFT Last HML Band wOpen’. In the image below I have the W candlestick selected, along with the Q HML Lines, and the Q Reversal Line shown. It shows you a clearer picture of how price moves on a TheStrat continuation CS and after a TheStrat reversal point is made. This lets you break into the fine details of what happened inside Quarter 1, 2022 and after the reversal point was formed.
IMPORTANT NOTE for TradingView admin: One of the lessons I would consider most important in attaining clarity regarding trading, is “TheStrat” by Rob Smith. His lesson on “actionable signals” is something that can be applied to any strategy. For this reason, I am including “MTFT TheStrat Patterns Pro” script in all images that will depict confluence for a better trade selection.
Example using TheStrat Pro MTFT with this indicator.
Look for a “TheStrat actionable signal” or a “TheStrat Reversal signal” on a smaller timeframe that has an instance of this indicator on a larger timeframe calculation that is in range of the candlestick that formed your actionable signal. This means that the indicators plot you are observing must be above the low and below the high of the candlestick that is the actionable signal/reversal signal. Image below shows what this would look like with this indicator.
The Image below shows what this would look like with this indicator. The selected candlestick is the 3-day, it shows a 2U-1-potential 2D Reversal pattern and the Quarter Reversal Down line in range. This actionable signal is meant to be played for SHORTS. If the low is breached, you would enter a SHORT position from the low of the inside candlestick. For targets you would look at the previous pivots, for this example all targets were hit. This won’t always play out so nice and clean, but given that there is so many stocks and so many signals this is just a thought to improve the quality of the signal as it has extra confluence.
Reversalpattern
The $trat | by Octopu$1️⃣2️⃣3️⃣ The $trat | by Octopu$
The $trat: The Strat by Octopu$
Absolute Solution for The Strat Traders!
The Strat is a Strategy created by Rob Smith's and is well known by being an innovative trading system.
Continues to grow in popularity as more traders discover this method.
It is a simplified way to understand Price Action. It is based on three principles: Types of candles, 1, 2, and 3.
Other things to be known about The Strat are Actionable Signals and Time Frame Continuity.
The $trat has it all.
This Indicator includes Bar Types (1, 2 and 3) also known as Inside Bars, Twos (Up or Down) and Outside Bars.
It is also well crafted with a built-in Time Frame Continuity (TFC) which shows Price Movement at a glimpse.
On top of that, in the best of both worlds, also comes with information about the Bars Status for other TFs as well.
It means that you can know how another TF of you preference is performing. Right there.
Works in Any Time Frame.
On Any Ticker.
(Using SPY 5m just as an example:)
www.tradingview.com
SPY
Features:
• Candle Types (1, 2 and 3) IB, 2U & 2D and OB.
• Time Frame Continuity (TFC) for Price Movement/Trend Check
• Bar Status shortcut. So you can know Price Action/Direction fast.
• Reversal indicators for Action-taking and Situational Awareness
• Combos Labels. So nothing ever goes unnoticed.
Options:
• Absolutely fully Customizable: Colors, Sizes, Numbers. Everything.
• On/Off Switches for most of the Information and Optionable Selections
• Hammer/Shooter Indicator automatically inserted to Chart
• Candle/Bars Coloring for ease of reading.
• Highlight options for specific setups
Notes:
v1.0
$trat Indicator release
Changes and updates can come in the future for additional functionalities or per requests.
Did you like it? Boost it. Shoot a message! I'd appreciate if you dropped by to say thanks.
- Octopu$
🐙
RSI Momentum Acceleration by TartigradiaPlots the momentum acceleration oscillators from price and RSI, rescaled and with areas above/below highlighted.
Usage: in a nutshell, when the background is yellow, it's bearish (RSI decelerates faster than price), whereas when the background is green, it's bullish (RSI accelerates faster than price). It appears to detect early some reversals that are otherwise difficult to detect.
Note: it supports using any other indicator's output as the second source input, instead of RSI. PineScript does not allow for more than one source to receive input from other indicators, all the others must only use price as an input.
This indicator uses the core routine to calculate Momentum Acceleration Oscillators by DGT:
This indicator is based on the idea of stinkbug : "RSI is a good momentum indicator showing how excited ppl are on a move, this is why divergences on it work so well. I would like to see the change accelerating or slowing on a move up or down.."
PivotThis library was designed to create three different datasets using Bill Williams fractals. The goal is to spot trends in reversal data and ultimately use these datasets to help predict future price reversals.
First, the pivot() function is used to initialize and populate three separate arrays (high pivot , low pivot , all pivots ). Since each high/low price depends on the bar_index, the bar_index, pivot direction(high/low), and high/low values are compressed into a string to maintain the data's integrity ("__"). Once each string array is populated and organized by bar_index, all three are returned inside a tuple. The return value must be deconstructed H,L,A =pivot() for each array's values to be accessed using getPivot() . This boilerplate allows for data to be accessed more efficiently in a recursive environment. getPivot() was designed to be used inside of a for or while block to populate matrices for further analyses. Again, getPivot() return values must be exposed through deconstruction. x,d,y =getPivot(). See code for more details.
pivot(int XLR) initializes and populates arrays
Parameters
XLR - number of bars to the left and right that must be lower for a high to be considered a pivotHigh, or vice versa. This number will drastically change the size and scope of the returned datasets. smaller values will produce much larger datasets, which might model short term price activity well. In contrast, larger values will produce smaller datasets which might model longer term price activity well.
Returns - tuple [string ]
getPivot(string arrayID, int index) accesses array data
Parameters
arrayID - the variable name for one of the three arrays returned by pivot().
index - the index of the provided array, with 0 being the most recent pivot point. can be set to " i " in a loop to access values recursively
Returns - tuple
Head and Shoulders - Quasimodo etc Pattern Recognition RENKODisclaimer: Only use this pattern recognition on a RENKO chart. Renko charts plot different than traditional candles and therefore do not represent all price moves. There is a possibility of repainting while using ATR based renko charts so past results are not a 100% accurate representation of future results. Use this indicator as a part of your strategy and not as your only means of obtaining gains in the market.
Hello traders, it has been said time and time again that algorithmic software is unable to identify complex market structure like head and shoulders, quasimodo, triangle patterns and other methods humans use to base their trading decisions on. With this indicator I intend to completely crush that assumption and prove that it actualy is possible. Ofcourse an indicator is less likely to find all variation on a chart pattern and a human is probably still your best bet in finding these patterns early.
That is wy this indicator does not only use textbook patterns and has 7 variation on head and shoulders build into it. I will keep updating this indicator if I see it missed some crucial patterns. Right now it has a total of 38 patterns build into it with them being grouped under specific names. Feel free to turn off any pattern you do not like to see.
Renko patterns solve the problem of time and chaos in the markets which have been the biggest hurdle in pattern recognition software as the amount of variations to account for is just too great a number. With this script using renko it will soon be able to identify any pattern in the market and I plan to add Wyckoff to it in the future, right now I have a beta version of Wyckoff build into it but planning to add better version of it in the future. The amount of variations on Wyckoff is quite extreme so it will take a very long time to get an optimised Wyckoff identification system.
If you do not want to miss patterns I recommend to use a multi chart aproach so that you can find patterns in multiple renko brick sizes at the same time to find more entrys.
Feel free to comment any pattern you want me to add and let's make the most dedicated pattern recognition software on this platform.
Regards
HonestCowboy
TakeOff Levels/Zones (Expo)TakeOff Levels/Zones (Expo) automatically identifies and displays support and resistance levels based on momentum.
Levels/Zones are displayed where there is a high probability that price can takeoff. Traders should look for breakouts from the Level/Zone.
If the price doesn't breakouts from the SR level/zone there's a chance that the market has topped or bottomed out.
The indicator can be used standalone or as a part of your current trading strategy.
Real-time
No repainting
Works on any market
HOW TO USE
1. Use the indicator to identify where the price can takeoff.
2. Use the indicator to identify potential breakouts.
3. Use the indicator to identify potential reversal points.
INDICATOR IN ACTION
1 min chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
Smart PatternsHi Traders, and welcome to Smart Patterns.
Patterns can be very profitable, yet hard to trade, even when combined with other indicators and techniques. This script aims to increase the accuracy of signals by adding a statistical approach to candle patterns, along with tools to filter them.
For example, if the Success Rate is above a certain threshold, it means that the pattern has resulted in a higher ratio of profitable trades and hence it has a higher likelihood of succeeding in the current market conditions. However, should that pattern fall below the desired Success Rate, the script will "hide" it and won't trigger a signal, but still keeping track of its performance to start firing it again when coming back above the Success Rate.
Key Features
The script features custom patterns as well as some of TradingView's built-in patterns. Not all patterns can be added of course, but let me know if I missed other interesting ones and I will do my best to add them in future updates.
When a Pattern reaches the Min. Target % within the Candles Range selected, it is then considered valid. Please remember that doesn't take into account possible draw-downs or stop-losses.
Patterns are constantly evaluated inside the script; when a pattern's overall score (Success Rate %) is below the required minimum, the signal won't be triggered. However, the script will keep monitoring it in the background, and trigger a signal again when its score comes back above the minimum Success Rate.
The Patterns' signals can be filtered by Success Rate, Minimum Patterns detected and candle size (calculated via ATR).
The Data Panel will show individual statistics for Enabled Patterns as well as final statistics for Triggered Patterns.
Tooltips in the settings panel will further explain available options.
Alerts: simple alerts can be added by selecting "any alert() function call" when adding an Alert. Customizable alerts can also be created through dropdown menu ( Bullish \ Bearish Patterns Detected).
Fully customizable to adapt to light and dark themes
Notes and Recommendations
Always be realistic when tweaking settings, making sure the output makes sense in a normal trading environment. Statistics are helpful but shouldn't be the only factor to base your decisions on - even if a pattern reaches 100% Success Rate, it doesn't mean it will keep being profitable.
Since the script crunches quite some data it may give output errors especially if settings are not properly tweaked - or if the filters are too liberal (e.g. Min Target % set to 0.1) - hence triggering lots of signals. Please adjust the settings or enable only the Patterns you are trading.
If the script gives the error "Too many drawings, cannot clean oldest" it means your settings give too many signals and that is usually not a good sign - it's recommended to double-check your settings as mentioned above.
Credits
Trading View for built-in patterns
Special thanks go to PineCoders community for their incredible efforts and learning material to help mastering PineScript!
Modified morning and evening starsThis script highlights modified version of evening and morning star candlestick patterns. Volume has also been added in the script to create convergence of volume with price action.
It is recommended to use these patterns for positional trading. It is advised to use
Morning star at the bottom of the downtrend
Evening star at the top of the uptrend
Avoid entries against above recommendations
[astropark] SFP - Swing Failure PatternDear Followers,
today I'm glad to present you my Swing Failure Pattern Analyzer indicator.
As you know, the Swing Failure Pattern (SFP) is a very powerful candlestick pattern, because it highlights trend reversal points : if trend changes you want to know it, right?
This indicators highlights for you both Tops and Bottoms , that may be just local or historical.
To build this tool I mixed my experience on the field and some of the logic you can see in the following indicators of mine:
Pinbar that matters
Volume that matters
Volume Analyzer
This indicator works on every timeframe and market , it's quite responsive to market movements so it's especially good on volatile markets.
It is designed for fast day-trading / scalping , but as you trade on high timeframes is great for swing trades.
The indicator identifies candles that fall into the Swing Failure Patter category, but also candles other 4 categories of reversal candlestick pattern:
pinbar / hammer
hanged man
reversal by volume analysis
reversal by candle wicks analysis
Of course you can
customize colors
turn on or off what you prefer to see and what you don't
set alerts everything you see plotted
The indicator does NOT repaint of course.
This is a premium indicator , so send me a private message in order to get access to this script.
Ehlers Convolution Indicator [CC]The Convolution Indicator was created by John Ehlers (Cycle Analytics For Traders pgs 170-174) and this is version of an indicator to find potential reversal points. The idea behind this indicator is to use a variation of his AutoCorrelation Indicator that transforms the data using digital signal processing and as you can see it looks very similar to his BandPass Filter . The idea is that when this indicator peaks then it has reached a potential reversal point and so the stock may continue in the current direction but most of the time this indicator correctly points out the reversal points. I have included normal buy and sell signals but generally speaking you would want to buy when the indicator is around 0.05 to 0.10 and moving up and sell when it reaches its peak and is starting to move down.
Let me know if you have any other scripts you would like to see me publish!
Institutional OrderBlock Pressure█ OVERVIEW
OrderBlocks are areas where Banks take a Short or Long position. So they create a movement that they would like to hide from us, but luckily for us they cannot. Take the example of Banks opening Short position for x reason. The Trend is already Bearish. The Price will fall and then make a Reversal
(most often to the price where they opened their positions) and it is at this precise moment that they will again resume a Short position twice as
large because for the moment, following this example it is not in their interest that the Price exceeds a certain Price since they are Seller.
As a result they create a solid Resistance (the strongest it is). There are several ways to interpret this logic, we can try to follow the movement of Banks
or on the contrary take advantage of the recovery of the course. Note that not having level 2 and access to the order book from TradingView we can only
make a rough estimate of the "OrderBlocks" through VPOC.
█ HOW TO INTERPRET?
• The Labels displayed by "Red Arrow" and "Green Arrow" represent supposed Bearish or Bullish OrderBlock. Note that you should not in any way interpret these "Arrows" as Signals to Buy or Sell for the reasons mentioned above.
• The OB Line works according to detected OrderBlock Candle. These lines indicate the potential recovery area. (The highlighted lines and candles are white by default).
• It is better to use this indicator on Higher TimeFrame like 2H or 4H.
• You can change the Volume Ratio (here VPOC) which is 89 by default.
• There is a Customization section that allows you to change the colors of the Lines and Candles from White to Black depending on your background color (Light or Dark).
• YES the indicator is Repainting and YES you can have False Alerts since Labels appear in intra-bar!
█ ALERTS
• In fact we don't really need Alerts for the logic of this indicator except maybe to get the Price of the last OB Detected and to keep this price in your Alert History and may use it later. Some improvements will come in future with updates and we have already planned to add Alerts when a "Line Cross" gone occur.
If you notice any bugs or if you have any suggestions, don't be hateful gangs ;)
Happy trading everyone and remember, risk management is the most important!
Ultimate Momentum Indicator [CC]This is a custom indicator of mine loosely based on the work by Steve J Godwin & Louisa C Schneider (Stocks and Commodities Feb 2021 pg 22) and this works pretty well at anticipating future price swings as the momentum falls. The idea I was going for was to introduce the idea of reversals in combination with a momentum indicator so you can better identify peaks and valleys. I have included strong buy and signals in addition to normal ones so darker colors are the strong buy and sell signals and lighter colors are the normal ones. I would recommend to buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like me to publish!
QFLOW SUITE QFLOW SUITE is a signal-based comprehensive trading suite for trading across all timeframes. It is designed to be a tool for discretionary traders and there are numerous ways to utilize this trading suite.
INCLUDES :
Buy / Sell Signals
Candle Coloring
Automatic Level Plotting
Trend Following System
Stop Loss Management System
Trend Reversal Mechanisms
Volatility Breakout Algorithm
Mean Reversion Algorithm
Buy / Sell Signals
There are multiple conditions detected by QFLOW Algorithm which are constantly worked on and improved
Candle Coloring
Color coding allows information compression and helps traders analyze the charts in a simple and intuitive manner. The base coloring is meant for trend following and consists of 3 colors :
Green - Trend up
Grey - Rangebound Consolidation
Red - Trend down
The second type of candle coloring is for the special conditions like buy / sell signals or divergences.
Volatility Breakout Algorithm
This part of the algorithm identifies a volatility breakout before it happens by showing a colored shaded squeeze which happens during consolidation. When a potential breakout is detected, an arrow is printed below or above that candle depending on the direction. Most times a second arrow is needed to signal a confirmed breakout. This arrow will be plotted with a 'B' or 'S' in the same color as the arrow.
False Breakout Detection
The algorithm is taught to detect these kind of false breakouts and prints a signal as an arrow with an 'F' below or above the candle.
Mean Reversion Algorithm
A hybrid algorithm that takes both momentum and mean reversion into account for high accuracy.
Automatic Level Plotting
Stop Loss Management System
QFLOW SUITE contains an adaptive trailing ATR system that can be used for stop loss management. It is plotted as a line below the price when the trend is up and above the price when the trend is down. It is highly effective because it is designed to adapt both to the true range ( a measure of the degree of price volatility ) as well as to the average direction change.
Extreme Background Highlighting
The algorithm is taught to analyze multiple technical components. When this option is turned on it will highlight the background when these extreme conditions are met. These highlights will often occur at the tops or bottoms and during times of high volatility. A trader can use this option as extra confluence when making certain trading decisions like taking profits or closing out trades.
(JS) BallistaAlright so this is a script I made by combining two existing ones and making a really cool discovery that has proven very useful.
You'll notice that there are two separate oscillators that are laid on top of each other. The background oscillator is my "Tip-and-Dip" oscillator which you can see here (will refer to this as TnD from here), and the foreground oscillator from the Squeeze , which can be viewed here .
Initially I just wanted to see how they interacted with one another and compare them, but this led to some pretty interesting observations.
First let me go through the options real quick to get that out of the way, though it is mostly self-explanatory.
Lookback Period defines the amount of bars used for the TnD oscillator.
Smoothing Value smooths out the TnD output.
Standard Deviations is used to calculate the TnD formula.
Color Scheme is preset BG colors.
Using Dark Mode changes colors based on dark mode or not.
Squeeze Momentum On turns the Squeeze in the foreground off and on.
Arrows Off turns the arrows on the indicator off and on.
Now to explain the indicator a bit more. I have the default lookback period as 40 due to the Squeeze being 20, which makes the TnD oscillator the "slow" output with the Squeeze being the "fast" output.
Some initial observations were that when both the Squeeze and the TnD are moving in the direction, when the Squeeze is higher (uptrend) or lower (downtrend) it seems to indicate strength in the move. As the move loses steam you'll notice the Squeeze diverge from the TnD.
However, the most useful thing I discovered about the interaction between these two indicators is where the name for it came from. So if you aren't familiar with what a Ballista is, per Wikipedia, "The ballista... sometimes called bolt thrower, was an ancient missile weapon that launched either bolts or stones at a distant target." There are instances where the Squeeze seems to get ahead of itself and gets too far away from the TnD (which is the long term trend between the two). The key thing to look for is an "inverted squeeze" - this is when the squeeze oscillator ends up flipping against the TnD. When this occurs there is an extremely high probability that you'll see price shoot back the opposite way of the Squeeze.
I've been using this setup myself for about a year now and have been very satisfied with the results thusfar. I circled some examples on the SPX daily chart here to show you what I mean with the inverted Squeeze shooting back.
Breakout & Trend & Scalping (Expo)
Breakout, Trend, Scalping (Expo) gives insights about trend direction, trend strength, trend breakouts, and scalping impulses. The indicator is for traders that easily want to catch true breakouts, find reversals and retracements, and want to be able to gauge the trend strength. The indicator has various input sources: ATR (Default), VWAP, RSI, Average Trend and comes with Breakout Signals , Start of Trend Signals , and Take Profit Signals .
The unique gradient-coloring is used to identify impulses as well as to gauge the trend strength. The Trend Strength is also measured using the value of the BTS line.
Real-Time Alerts
No Repainting
Works on any market and in any timeframe
HOW TO USE
Identify True Breakouts
Identify Trend Strength
Identify Retracements and Reversals
Identify Trend Impulses
Identify Divergences
INDICATOR IN ACTION
5 min chart
Three different modes are displayed on the chart below. ATR Trend, VWAP Trend, and Trend Breakout.
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
KISS Strategy: SMA + EMA//Hello my fellow investors
//I am creating a simple non-cluttered strategy that uses 3(+1) simple means to determine: viability, entry, and exit
//1) Has a consistent trend been maintained for several days/weeks
//2) SH SMA crossover LG SMA = Bullish entry/LG SMA crossover SH SMA = Bearish entry
//3) Use the Slope factor & Weeks in Trend (WiT) to dertermine how strong of an entry signal you are comfortable with
//4) Exit position based on next SMA cross and trend reversal or stop loss%
//3+1) For added confidence in trend detection: Apply MACD check - buy--> MACD line above signal line and corssover below histogram \\ sell --> MACD line below signal line and crossover above histogram.
//*)This code also allows you to determine your desired backtesting date compliments of alanaster
The chart shown has:
Starting Capital: $10,000
Investment percent per trade: 1.5%
Stop Loss: 20%
Take Profit: 100%
RSI_OverValue with Engulfing candleThis script detects potential trend reverse and Buy or Sell spots.
It works with finding overvalued RSI and Engulfing candle after that and plotting "Buy" or "Sell" signal on price chart.
* Users can change RSI values easily from setting.
Enjoy
Trend & Contrarian (Expo)Trend & Contrarian (Expo) is a powerful trend tool with adaptive contrarian- signals. A strong trend is displayed by the background color and the unique Trend dots/line can be used to confirm a strong trend or to identify early trend reversals. The contrarian-signals are adapting dynamically to price moves and should be used as 'preparation' or 'warning' prior to trigger, should be confirmed by a trend reversals signal or by other indicators.
The contrarian signals should only be used if the user fully understands how they work, please test the feature before entering a trade based on it. However, these signals can be very valuable if used correctly.
Green background color ➞ Strong Positive Trend
Red background color ➞ Strong Negative Trend
No background color? ➞ No strong trend. The Trend Dots/line determine the trend
HOW TO USE
Identify strong trends
Identify trend reversals
Identify contrarian signals
INDICATOR IN ACTION
4-hour chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
Reversal Algo (Expo)"It has never been easier to find high probability trades"
Reversal Algo (Expo) is an automated Reversal System that analyzes the market in real-time and identifies high probability short term and long term trend reversal- and scalping signals as well as key market zones, and trends. The adaptive and unique reversal bands act as support & resistance zones, and together with the trend tracking feature, it serves as a trend confirmation. The system does also comes with a Top & Bottom finder that detects potential tops and bottoms that can be used as scalping entries or take profit points.
This Reversal System is developed to catch both short term and long term trend reversal and provide clarity in the current trend direction. The system aims to make it easier to come in early in a new trend as well as to stay longer in that trend. One of the main features is that the system has already filtered out false and choppy signals and aims to leave the most accurate ones.
One of the main goals was to make a system that works well without having Heiken Ashi candles. However, if you apply the system to Heiken Ashi candles you will have an additional layer of noise filtering.
Key differences between Trend Algo and Reversal Algo are that Reversal Algo is more responsive to price action and has a dynamic and adaptive Reversal cloud. The Reversal Algo does also has the tops/bottoms finder. These two systems can be used together.
The user can enable the following:
ATR Trailing Stop - Helps to identify the trend as well as where to have your stop loss.
Trend Tracking Line - Helps to identify Strong trends and areas of trend reversals.
Trend Steps- Helps to highlight where the current trend direction has found a new base.
Reversal Band - Helps to identify the trading range, strong trends, and areas of reversals.
Trend Scalping Dots - Helps to keep track of the short term price action.
Noise- and Signal filters:
Depending on your trading style you can choose between different trend filters and signals sensitivities.
Real-Time Alerts
No Repainting
Works on any market and in any timeframe
The indicator can be used standalone or as a part of your current trading strategy.
HOW TO USE
Use the indicator to identify reversal signals.
Use the indicator to identify trends.
Use the indicator to identify tops & bottoms signals.
Use the indicator to identify scalping signals.
INDICATOR IN ACTION
1-hour chart
Top/Bottom Finder
1-hour chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
Reversal Bands & Zones (Expo) "It has never been easier to find high probability trades"
Reversal Bands & Zones (Expo) is an algorithm that analyzes the market in real-time and identifies reversal points, key market zones, and trends. The advanced and unique reversal bands act as support & resistance zones, and together with the trend tracking feature, it serves as a trend confirmation. The real-time market zones are displayed where there is a high probability of finding support/resistance. The algorithm does also map out key pivot levels based on the current market structure.
> Reversal points and key market zones have alerts.
Real-time
No repainting
Works on any market and in any timeframe
The indicator can be used standalone or as a part of your current trading strategy.
☖ Reversals
The algorithm identifies areas of potential turning points, these are displayed as Upper and Lower Reversal Cloud. When the price hits the cloud and bounces off there is a high probability that the price will reverse. If the price stays in the reversal cloud, there is a high probability that a trend is forming.
☖ Trends
Positive Trend: If the price is in or close to the upper green reversal band and above the trend- tracking line, we can be sure that the market is in a positive trend until the price crosses down from the reversal cloud and the trend tracking line.
NegativeTrend: If the price is in or close to the lower red reversal band and below the trend- tracking line, we can be sure that the market is in a negative trend until the price crosses up from the reversal cloud and the trend tracking line.
☖ Zones
"It hasn't been easier to display, in real-time, one of the most important and useful technical analysis, namely key support and resistance zones"
The algorithm analyzes the market structure in real-time and maps out key supply/resistance and demand/support zones. The user gets an instant understanding of the market structure. Support and resistance can be used to determine the range of a market, to trade reversals, bounces, or breakouts.
☖ Pivots
The indicator does also displays key pivot levels. Pivots can be used to determine the range of a market, to trade reversals, bounces, or breakouts.
HOW TO USE
- Use the indicator to identify reversals.
- Use the indicator to identify the range of the market.
- Use the indicator to identify key support/resistance zones.
- Use the indicator to identify trends.
INDICATOR IN ACTION
1-hour chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
Ultimate Pattern Scanner ProChart Patterns and Harmonic Patterns using just ONE indicator!
This is a automatic scanner for well know patterns like Head and Shoulder to get started. I'm planning to add more patterns in the near future. It works as follows:
1. Is going to plot the pattern on the chart, lines in blue
2. Is going to show you when the pattern has finished to form, triangles and diamonds
3. It is possible to get an alert when the pattern has form
For example: is going to give a possible entry when the price has broken the trend line of the two shoulders if we take the Head and Shoulder pattern as an example.
Please let me know in the comments if you would like to have more patterns.
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This versions supports:
1. Head And Shoulder Pattern
- Show possible entries when the trend formed by the shoulders has been broken
2. Bat Harmonic Pattern
- Show Possible Reversals Zones in green or red boxes
- Alerts when any pattern has form
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Next Versions:
- All the harmonic patterns
- Triangles
- Elliot Waves impulses
- Double Top and Bottom
- Triple top and bottom
- Rising and Falling Wedge
- The cup and the handle, etc
- ABCD pattern
Let me know in the comments if you are interested in something like this so I CAN GIVE YOU ACCESS. I'll appreciate your feedback.
thanks
Kilted Nessie v1.0KILTED NESSIE v1.0
Description: Uses the “Kilted Strength Meter” for confirmation to take a trade as this system is designed for a ranging market (as shown).
This is a simple mechanical system that was tested on 30min charts with a very good win rate which is what we want from a mean reversion based system and it is designed for a 1:1 risk to reward ratio.
The key differentiator on this indicator which we see as a first on the Trading View Platform is a way of scoring your trade, so that you take a disciplined entry and able to journal that as evidence:
SETTINGS AND EXPLANATION
General Settings
- Show PinBars – This will highlight pinbars
- Show InsideBars – This will highlight inside bars
- Show Swing Highs – This will show high pivot points
- Show Swing Low – This will show low pivot points
1. If you are using the Kilted Strength Meter and you like using Bollinger bands then there is no reason why you can’t take trend based trades also when you see evidence of a trend starting, which is why we have added options to show Pin Bars, Inside Bars and swing highs and swing lows if you are a swing based trader. Yes this gives you a single indicator that provides you with trading opportunities when the market is going sideways and when the market is trending which is what we love about the Kilted Nessie. If you are just using the indicator to trade a sideways market then we recommend that you “untick” these options to keep things nice and simple instead.
ACCESS : If you need access to any of our indicators please use the link below to obtain access to this indicator or send us a private message on trading view.
HPRPThis is High Probability Reversal Pattern indicator. If there is B at candle then long the stock. If there is S at short the stock.
WaveTrend Momentum (Expo)WaveTrend Momentum (Expo) is a fast-moving, sensitive oscillator with a momentum layer that reacts quickly to price changes. The indicator displays how strong the current price move is and where momentum starts and stalls. The indicator has inbuilt suggested exit points.
The height of the histogram represents how strong the current price move is.
The momentum is visualized with bold circles- and darker histogram colors.
The suggested exit point is visualized with a circle.
DIVERGENCES
All types of momentum oscillator indicators produce divergences and so does WaveTrend Momentum (Expo) . Divergences occur when the oscillator deviates from the trending price action. Bullish divergence is then when the trending price makes a lower low but the oscillator makes a higher low. Bearish divergence is then when the trending price makes a higher high but the oscillator makes a lower high.
The indicator can be used standalone or as a part of your current trading strategy.
HOW TO USE
1. Use the indicator to identify potential turning points.
2. Use the indicator to identify where momentum starts and stalls.
3. Use the indicator to identify the direction of the trend.
4. Use the indicator to find divergences.
5. Use the indicator to identify potential exits.
INDICATOR IN ACTION
Weekly chart
Works on any market
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
