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Bill Williams Indicators

Range Filter Buy and Sell 5min## **Enhanced Range Filter Strategy: A Comprehensive Overview** ### **1. Introduction** The **Enhanced Range Filter Strategy** is a powerful technical trading system designed to identify high-probability trading opportunities while filtering out market noise. It utilizes **range-based trend filtering**, **momentum confirmation**, and **volatility-based risk management** to generate precise entry and exit signals. This strategy is particularly useful for traders who aim to capitalize on trend-following setups while avoiding choppy, ranging market conditions. --- ### **2. Key Components of the Strategy** #### **A. Range Filter (Trend Determination)** - The **Range Filter** smooths price fluctuations and helps identify clear trends. - It calculates an **adjusted price range** based on a **sampling period** and a **multiplier**, ensuring a dynamic trend-following approach. - **Uptrends:** When the current price is above the range filter and the trend is strengthening. - **Downtrends:** When the price falls below the range filter and momentum confirms the move. #### **B. RSI (Relative Strength Index) as Momentum Confirmation** - RSI is used to **filter out weak trades** and prevent entries during overbought/oversold conditions. - **Buy Signals:** RSI is above a certain threshold (e.g., 50) in an uptrend. - **Sell Signals:** RSI is below a certain threshold (e.g., 50) in a downtrend. #### **C. ADX (Average Directional Index) for Trend Strength Confirmation** - ADX ensures that trades are only taken when the trend has **sufficient strength**. - Avoids trading in low-volatility, ranging markets. - **Threshold (e.g., 25):** Only trade when ADX is above this value, indicating a strong trend. #### **D. ATR (Average True Range) for Risk Management** - **Stop Loss (SL):** Placed **one ATR below** (for long trades) or **one ATR above** (for short trades). - **Take Profit (TP):** Set at a **3:1 reward-to-risk ratio**, using ATR to determine realistic price targets. - Ensures volatility-adjusted risk management. --- ### **3. Entry and Exit Conditions** #### **📈 Buy (Long) Entry Conditions:** 1. **Price is above the Range Filter** → Indicates an uptrend. 2. **Upward trend strength is positive** (confirmed via trend counter). 3. **RSI is above the buy threshold** (e.g., 50, to confirm momentum). 4. **ADX confirms trend strength** (e.g., above 25). 5. **Volatility is supportive** (using ATR analysis). #### **📉 Sell (Short) Entry Conditions:** 1. **Price is below the Range Filter** → Indicates a downtrend. 2. **Downward trend strength is positive** (confirmed via trend counter). 3. **RSI is below the sell threshold** (e.g., 50, to confirm momentum). 4. **ADX confirms trend strength** (e.g., above 25). 5. **Volatility is supportive** (using ATR analysis). #### **🚪 Exit Conditions:** - **Stop Loss (SL):** - **Long Trades:** 1 ATR below entry price. - **Short Trades:** 1 ATR above entry price. - **Take Profit (TP):** - Set at **3x the risk distance** to achieve a favorable risk-reward ratio. - **Ranging Market Exit:** - If ADX falls below the threshold, indicating a weakening trend. --- ### **4. Visualization & Alerts** - **Colored range filter line** changes based on trend direction. - **Buy and Sell signals** appear as labels on the chart. - **Stop Loss and Take Profit levels** are plotted as dashed lines. - **Gray background highlights ranging markets** where trading is avoided. - **Alerts trigger on Buy, Sell, and Ranging Market conditions** for automation. --- ### **5. Advantages of the Enhanced Range Filter Strategy** ✅ **Trend-Following with Noise Reduction** → Helps avoid false signals by filtering out weak trends. ✅ **Momentum Confirmation with RSI & ADX** → Ensures that only strong, valid trades are executed. ✅ **Volatility-Based Risk Management** → ATR ensures adaptive stop loss and take profit placements. ✅ **Works on Multiple Timeframes** → Effective for day trading, swing trading, and scalping. ✅ **Visually Intuitive** → Clearly displays trade signals, SL/TP levels, and trend conditions. --- ### **6. Who Should Use This Strategy?** ✔ **Trend Traders** who want to enter trades with momentum confirmation. ✔ **Swing Traders** looking for medium-term opportunities with a solid risk-reward ratio. ✔ **Scalpers** who need precise entries and exits to minimize false signals. ✔ **Algorithmic Traders** using alerts for automated execution. --- ### **7. Conclusion** The **Enhanced Range Filter Strategy** is a powerful trading tool that combines **trend-following techniques, momentum indicators, and risk management** into a structured, rule-based system. By leveraging **Range Filters, RSI, ADX, and ATR**, traders can improve trade accuracy, manage risk effectively, and filter out unfavorable market conditions. This strategy is **ideal for traders looking for a systematic, disciplined approach** to capturing trends while **avoiding market noise and false breakouts**. 🚀
Pine Script® indicator
by Forexbros22
Estratégia Original com SL/TPA powerful TradingView indicator combining: ✅ Supertrend (trend filter) ✅ RSI 2 (early reversals) ✅ SMA 4/9 crossover (momentum confirmation) ✅ Auto Stop Loss & Take Profit (ATR-based or fixed) 🔥 Key Features: Buy Signals (↑): Supertrend green + RSI 2 > 30 + SMA 4 > SMA 9 Sell Signals (↓): Supertrend red + SMA 4 < SMA 9 (low false signals) Risk Management: Dynamic SL (1.5x ATR) & TP (2x ATR) Clean Visualization: Entry/exit arrows + SL/TP lines 📊 Ideal For: Crypto, Forex, and Stocks (H1/Daily timeframes) 🎯 Why Use It? Aggressive entries with RSI 2 + SMA 4 Conservative exits to lock profits Fully customizable settings
Pine Script® indicator
by rinaldotrade
5M Pro Toolkit Ultimate by dnnfafx🎯 Script Purpose This script is a multi-indicator trading toolkit designed for use on the 5-minute chart (5M timeframe). It combines trend filters, momentum indicators, volume spikes, support/resistance levels, and candlestick pattern detection to assist in technical analysis and provide potential confluence signals for entries. 📌 Main Components 1. User Inputs Allows users to customize key indicator settings: EMA lengths (Short and Long) RSI period MACD parameters (fast, slow, signal) Volume spike multiplier Pivot left/right bar count 2. Trend Filter: EMA 50 and EMA 200 pine Salin Edit emaShort = ta.ema(close, emaShortLen) emaLong = ta.ema(close, emaLongLen) Determines the trend direction. EMA 50 (orange) and EMA 200 (blue) are plotted on the main chart. 3. RSI (Relative Strength Index) pine Salin Edit rsi = ta.rsi(close, rsiLen) Measures price momentum. Horizontal lines at 70 (Overbought) and 30 (Oversold) for quick reference. 4. MACD Histogram pine Salin Edit = ta.macd(close, macdFast, macdSlow, macdSignal) macdHist = macdLine - signalLine Plots the MACD histogram as vertical bars. Useful for identifying trend strength and potential reversals. 5. Volume Spike Detection pine Salin Edit volSpike = volume > volMA * volMultiplier Detects significant volume surges compared to the 20-period volume average. Displays a red triangle below the candle when a spike occurs. 6. Support & Resistance (Pivot High/Low) pine Salin Edit pivotHigh = ta.pivothigh(high, pivotLeft, pivotRight) pivotLow = ta.pivotlow(low, pivotLeft, pivotRight) Automatically detects local highs (resistance) and lows (support) using pivot logic. Resistance lines in red, Support lines in green. 7. Candlestick Pattern Detection Identifies four popular patterns: Bullish Engulfing (green label "Engulf" below the bar) Bearish Engulfing (red label "Engulf" above the bar) Hammer (lime triangle) Shooting Star (fuchsia triangle) 8. Confluence Entry Logic (Incomplete) pine Salin Edit buyCond = rsi This section is currently incomplete. It's likely intended to define a buy condition based on the confluence of RSI, MACD, EMA trend, volume spike, and candlestick patterns. 🧩 Conclusion This toolkit is an all-in-one solution for intraday 5-minute trading, combining trend, momentum, volume, price action, and pattern recognition. While the entry logic (buyCond) is not yet finished, the structure is well laid out and can serve as the foundation for a manual or automated trading strategy.
Pine Script® indicator
by DNAVEST
RSI Failure Swing Pattern (with Alerts & Targets)RSI Failure Swing Pattern Indicator – Detailed Description Overview The RSI Failure Swing Pattern Indicator is a trend reversal detection tool based on the principles of failure swings in the Relative Strength Index (RSI). This indicator identifies key reversal signals by analyzing RSI swings and confirming trend shifts using predefined overbought and oversold conditions. Failure swing patterns are one of the strongest RSI-based reversal signals, initially introduced by J. Welles Wilder. This indicator detects these patterns and provides clear buy/sell signals with labeled entry, stop-loss, and profit target levels. The tool is designed to work across all timeframes and assets. How the Indicator Works The RSI Failure Swing Pattern consists of two key structures: 1. Bullish Failure Swing (Buy Signal) Occurs when RSI enters oversold territory (below 30), recovers, forms a higher low above the oversold level, and finally breaks above the intermediate swing high in RSI. Step 1: RSI dips below 30 (oversold condition). Step 2: RSI rebounds and forms a local peak. Step 3: RSI retraces but does not go below the previous low (higher low confirmation). Step 4: RSI breaks above the previous peak, confirming a bullish trend reversal. Buy signal is triggered at the breakout above the RSI peak. 2. Bearish Failure Swing (Sell Signal) Occurs when RSI enters overbought territory (above 70), declines, forms a lower high below the overbought level, and then breaks below the intermediate swing low in RSI. Step 1: RSI rises above 70 (overbought condition). Step 2: RSI declines and forms a local trough. Step 3: RSI bounces but fails to exceed the previous high (lower high confirmation). Step 4: RSI breaks below the previous trough, confirming a bearish trend reversal. Sell signal is triggered at the breakdown below the RSI trough. Features of the Indicator Custom RSI Settings: Adjustable RSI length (default 14), overbought/oversold levels. Buy & Sell Signals: Buy/sell signals are plotted directly on the price chart. Entry, Stop-Loss, and Profit Targets: Entry: Price at the breakout of the RSI failure swing pattern. Stop-Loss: Lowest low (for buy) or highest high (for sell) of the previous two bars. Profit Targets: Two levels calculated based on Risk-Reward ratios (1:1 and 1:2 by default, customizable). Labeled Price Levels: Entry Price Line (Blue): Marks the point of trade entry. Stop-Loss Line (Red): Shows the calculated stop-loss level. Target 1 Line (Orange): Profit target at 1:1 risk-reward ratio. Target 2 Line (Green): Profit target at 1:2 risk-reward ratio. Alerts for Trade Execution: Buy/Sell signals trigger alerts for real-time notifications. Alerts fire when price reaches stop-loss or profit targets. Works on Any Timeframe & Asset: Suitable for stocks, forex, crypto, indices, and commodities. Why Use This Indicator? Highly Reliable Reversal Signals: Unlike simple RSI overbought/oversold strategies, failure swings filter out false breakouts and provide strong confirmation of trend reversals. Risk Management Built-In: Stop-loss and take-profit levels are automatically set based on historical price action and risk-reward considerations. Easy-to-Use Visualization: Clearly marked entry, stop-loss, and profit target levels make it beginner-friendly while still being valuable for experienced traders. How to Trade with the Indicator Buy Trade Example (Bullish Failure Swing) RSI drops below 30 and recovers. RSI forms a higher low and then breaks above the previous peak. Entry: Buy when RSI crosses above its previous peak. Stop-Loss: Set below the lowest low of the previous two candles. Profit Targets: Target 1 (1:1 Risk-Reward Ratio) Target 2 (1:2 Risk-Reward Ratio) Sell Trade Example (Bearish Failure Swing) RSI rises above 70 and then declines. RSI forms a lower high and then breaks below the previous trough. Entry: Sell when RSI crosses below its previous trough. Stop-Loss: Set above the highest high of the previous two candles. Profit Targets: Target 1 (1:1 Risk-Reward Ratio) Target 2 (1:2 Risk-Reward Ratio) Final Thoughts The RSI Failure Swing Pattern Indicator is a powerful tool for traders looking to identify high-probability trend reversals. By using the RSI failure swing concept along with built-in risk management tools, this indicator provides a structured approach to trading with clear entry and exit points. Whether you’re a day trader, swing trader, or long-term investor, this indicator helps in capturing momentum shifts while minimizing risk. Would you like any modifications or additional features? 🚀
Pine Script® indicator
by walidelhelw
[TABLE] Moving Average Stage Indicator Table📈 MA Stage Indicator Table 🧠 Overview: This script analyzes market phases based on moving average (MA) crossovers, classifying them into 6 distinct stages and displaying statistical summaries for each. 🔍 Key Features: • Classifies market condition into Stage 1 to Stage 6 based on the relationship between MA1 (short), MA2 (mid), and MA3 (long) • Provides detailed stats for each stage: • Average Duration • Average Width (MA distance) • Slope (Angle) - High / Low / Average • Shows current stage details in real-time • Supports custom date range filtering • Choose MA type: SMA or EMA • Optional background coloring for stages • Clean summary table displayed on the chart
Pine Script® indicator
by dbals0
Supply & Demand Zones + Order Block (Pro Fusion) SuroLevel up your trading edge with this all-in-one Supply and Demand Zones + Order Block TradingView indicator, built for precision traders who focus on price action and smart money concepts. 🔍 Key Features: Automatic detection of Supply & Demand Zones based on refined swing highs and lows Dynamic Order Block recognition with customizable thresholds Highlights Breakout signals with volume confirmation and trend filters Built-in EMA 50 trend detection Take Profit (TP1, TP2, TP3) projection levels Clean visual labels for Demand, Supply, and OB zones Uses smart box plotting with long extended zones for better zone visibility 🔥 Ideal for: Traders who follow Smart Money Concepts (SMC) Supply & Demand strategy practitioners Breakout & Retest pattern traders Scalpers, swing, and intraday traders using Order Flow logic 📈 Works on all markets: Forex, Crypto, Stocks, Indices 📊 Recommended timeframes: M15, H1, H4, Daily ✅ Enhance your trading strategy using this powerful zone-based script — bringing structure, clarity, and automation to your chart. #SupplyAndDemand #OrderBlock #TradingViewScript #SmartMoney #BreakoutStrategy #TPProjection #ForexIndicator #SMC
Pine Script® indicator
by denidiana
1
RedK VADER - Volume-Accelerated Directional Energy RatioRedK VADER - Volume-Accelerated Directional Energy Ratio Overview RedK VADER is an indicator that analyzes market trends by calculating the energy ratio based on price movement and volume. It utilizes Zero Lag EMA smoothing to provide faster and more responsive signals. Features ✅ Considers both price action and volume: Calculates the energy ratio of upward and downward movements to assess market strength. ✅ Zero Lag Smoothing: Uses EMA-based smoothing to minimize lag and improve responsiveness. ✅ Histogram Display: Helps visualize trend strength and potential reversals. ✅ Simple yet effective: Uses short-term and long-term energy differences to generate intuitive trade signals. How to Use 📌 Blue Line (RedK VADER): Indicates trend direction and strength. 📌 Orange Line (Signal Line): A smoothed version of VADER; crossovers provide trade signals. 📌 Histogram (Green Bars): Represents the difference between VADER and the signal line. When crossing the zero line, it may indicate a trend reversal. Trade Signals 🔵 Buy Signal: When RedK VADER crosses above the signal line. 🔴 Sell Signal: When RedK VADER crosses below the signal line. ⚡ Trend Strength: The larger the histogram bars, the stronger the trend. Use this indicator to gain deeper market insights and enhance your trading decisions! 🚀
Pine Script® indicator
by masa555658
Support & Resistance with RSI BreakoutsThe script is a TradingView Pine Script (v5) indicator that identifies support and resistance levels using RSI (Relative Strength Index) breakouts. Here’s a breakdown of what it does: Features: RSI Calculation: The script calculates the 14-period RSI (default) using the closing price. The user can modify the RSI period through an input setting. Buy and Sell Signals: A buy signal is triggered when RSI drops below 20 (indicating oversold conditions). A sell signal is triggered when RSI rises above 80 (indicating overbought conditions). Visual Representation: Buy signals are marked with a green upward arrow (↑) below the price bars. Sell signals are marked with a red downward arrow (↓) above the price bars. The arrows help traders easily spot potential trade opportunities. Usage: This script is useful for traders looking to buy at oversold conditions and sell at overbought conditions based on RSI. It works best when combined with other indicators or price action strategies to confirm signals.
Pine Script® indicator
by abdullahsmadi551
1
5-Min ORB with Volume SpikeThis indicator identifies Opening Range Breakouts (ORB) based on the high and low of the first 5 minutes of the trading day and confirms the breakout with a volume spike. 🔍 What It Does: Automatically captures the Opening Range High and Low from 9:30 AM to 9:35 AM (configurable). Plots green (high) and red (low) lines across the chart once the opening range is set. Highlights long breakout signals when price breaks above the OR High with above-average volume. Highlights short breakout signals when price breaks below the OR Low with above-average volume. Volume confirmation is based on a customizable 20-period simple moving average (SMA) of volume. ⚙️ Best Used On: 5-minute or lower intraday charts (e.g., SPY, QQQ, futures, etc.) Highly liquid, high-volatility instruments U.S. equity market open (customizable for other sessions) 📈 Trading Edge: This strategy helps traders identify strong, momentum-driven breakouts early in the trading session — especially when confirmed by increased institutional activity (volume spike).
Pine Script® indicator
by vorlon01
Williams Fractals Ultimate (Donchian Adjusted)Williams Fractals Ultimate (Donchian Adjusted) Understanding Williams Fractals Williams Fractals are a simple yet powerful tool used to identify potential turning points in the market. They highlight local highs (up fractals) and local lows (down fractals) based on a set period. An up fractal appears when a price peak is higher than the surrounding prices. A down fractal appears when a price low is lower than the surrounding prices. Fractals help traders spot support and resistance levels, potential trend reversals, and price breakout zones. Why Adjust Fractals with the Donchian Channel? The standard Williams Fractals method identifies local highs and lows without considering broader market context. This script enhances fractal accuracy by integrating the Donchian Channel, which tracks the highest highs and lowest lows over a set period. - The Donchian Baseline is calculated as the average of the highest high and lowest low over a selected period. - Fractals are filtered based on this baseline: Up Fractals are only shown if they are above the Donchian baseline. Down Fractals are only shown if they are below the Donchian baseline. This filtering method removes weak signals and ensures that only relevant fractals aligned with market structure are displayed. Key Features of the Script Customizable Fractal & Donchian Periods – Allows traders to fine-tune fractal sensitivity. Donchian-Based Filtering – Reduces noise and highlights meaningful fractals. Fractal ZigZag Line (Optional) – Helps visualize price swings more clearly. Why Is This So Effective? Stronger trend signals – Filtering with the Donchian baseline eliminates unreliable fractals. Clearer price action – The optional ZigZag line visually connects significant highs and lows. Easy trend identification – Helps traders confirm breakout zones and key price levels. This script is a technical analysis tool and does not guarantee profitable trades. Always combine it with other indicators and risk management strategies before making trading decisions.
Pine Script® indicator
by Julien_Eche
14
Gold Price LevelsThis indicator identifies and displays key price levels for gold trading. It highlights important psychological and technical price points that often act as support and resistance levels. Features Automatically identifies and displays key price levels ending in 92, 84, 78, 55, 42, 27, and 00 Special emphasis on critical levels ending in 68, 32, and 10 with increased line width Color-coded visualization: green for levels above current price, red for levels below Customizable line style, width, and label visibility Automatically adjusts to different price ranges (works with any gold price) How to Use This indicator helps gold traders identify potential support and resistance zones. Watch for price reactions at these levels for potential trade entries, exits, or stop placement. The thicker lines (68, 32, 10) often represent more significant price levels where stronger reactions may occur. Perfect for both day traders and swing traders looking to optimize their gold trading strategy with key price levels.
Pine Script® indicator
by OsamaSalsa
BTC Trend Momentum (BTM) with VWMOBTC Trend Momentum (BTM) with VWMO – A Smarter Way to Trade Bitcoin 🚀 Overview Bitcoin price movements can be volatile, often leading to fake breakouts and whipsaws that mislead traders. BTC Trend Momentum (BTM), combined with Volume Weighted Moving Average (VWMO), helps smooth out market noise and provide clearer trend signals. This script integrates momentum analysis, trend strength detection, and zero-line crossovers, allowing traders to make smarter entries and exits while avoiding false signals. ⸻ Why Use This Indicator? ✅ Momentum Histogram – Easily visualize trend strength with color-coded bars. ✅ Volume-Weighted Analysis – Uses VWMO to filter out weak price movements. ✅ Zero Line Crossover Alerts – Identifies major trend shifts in real-time. ✅ Dynamic Color Coding – Stronger trends highlighted in brighter colors. ✅ Background Shading – Differentiates bullish & bearish zones for easy trend reading. ✅ Built-in Alerts – Get notified of trade opportunities instantly. ⸻ How to Trade Using BTC Trend Momentum (BTM) 🔹 Buy Signal: When the momentum histogram (green bars) crosses above the EMA (orange line). 🔹 Sell Signal: When the momentum histogram (red bars) crosses below the EMA. 🔹 Strong Trend Confirmation: If histogram bars turn lime (bullish) or maroon (bearish), it indicates strong momentum. 🔹 Zero Line Crossovers: A bullish crossover above zero confirms an uptrend, while a bearish crossover below zero confirms a downtrend. For better results, combine with RSI, MACD, or VWAP to confirm trend strength before entering trades. ⸻ Best Timeframes for Trading 📌 1H & 4H – Ideal for swing trading Bitcoin. 📌 5M & 15M – Perfect for scalping BTC with precision. ⸻ 💡 Would you integrate BTC Trend Momentum (BTM) into your trading strategy? Let us know your thoughts below!
Pine Script® indicator
by FebinKaderKA
AO Smart Scalper – 5M Dynamic SL Edition📈 AO Signals with Fixed and Dynamic SL – Optimized for 5-Minute Charts 📉 This indicator is built for 5-minute timeframe trading, combining powerful momentum signals from the Awesome Oscillator (AO) with both Fixed and Dynamic Stop Loss (SL) levels to enhance trade management and risk control. ✅ Buy/Sell Signals: The indicator generates clear BUY and SELL signals based on the AO crossing above or below the zero line, helping traders capture momentum shifts early. 🛑 Fixed Stop Loss: Each trade signal comes with a Fixed SL, calculated based on the high (for shorts) or low (for longs) of the previous candle, with a customizable percentage offset. This SL is plotted with a red line, providing a clear initial risk level. ⚡ Dynamic Stop Loss: Continuous Presence, Strategic Use: A secondary Dynamic SL line is plotted, which is continuously present on the chart. This dynamic level responds to market conditions and can serve as a trailing stop or key decision point. 💡 Recommended Use: It is recommended to actively start using the Dynamic SL once the trade has moved into profit. This allows protecting obtained profits and minimizing the risk of losses in case of a market reversal. 🛡️ Enhanced Dynamic Stop-Loss Strategy: 🔒 Initial Protection: Utilize the Fixed SL as the initial stop-loss, placed below relevant lows (for longs) or above relevant highs (for shorts), or as provided by the fixed SL indicator. 🛤️ Dynamic Tracking: 🟢 Long Trades: Once in profit, the Dynamic SL will dynamically adjust, moving upwards as higher lows are formed, effectively trailing the price and securing profits. 🔴 Short Trades: Conversely, in short trades, once in profit, the Dynamic SL will move downwards as lower highs are formed, protecting gains. 🔄 Alternatively the dynamic stop loss will follow the dynamic SL line provided by the indicator. 🚪 Exiting Trades: When the price crosses below the Dynamic SL line in a LONG trade, or above it in a SHORT trade, the recommended action is to exit the trade. ↩️ Re-entry Consideration: You may consider re-entering only if the price clearly returns above the Dynamic SL (for longs) or below it (for shorts). ⚠️ IMPORTANT - 5-Minute Strategy Guidance ⏱️ This tool is specifically optimized for the 5-minute timeframe. This approach helps filter out weak setups and maintain discipline in volatile market conditions. ✨ Additional Features: 👁️ Visual and editable SL levels 📊 200-period SMA for trend context 💻 Simple and effective interface for intraday trading setups 🎯 Ideal for traders seeking a clean, rule-based system that combines momentum entry signals with layered stop loss protection. 🔑 Key Changes: It was emphasized that the Dynamic SL is always present, but its active use is recommended once the trade is in profit. It was clarified the use of the Fixed SL, giving the option to use the one provided by the indicator, or to place it according to the price action.
Pine Script® indicator
by Magrone
3