XSRM Support and Resistant LevelXSRMulti is an advanced indicator designed to help traders analyze various price levels and identify potential trading opportunities. This indicator primarily focuses on tracking price movements based on high, low, and mid levels. Users have the flexibility to analyze these levels across different timeframes and price sources (open, close, high, low).
Features and Settings:
General Settings:
Bar Back: Determines how many bars back in time the price movements should be analyzed.
Offset: Defines the offset value used in calculations.
H/L Depth: The depth used for analyzing the highest and lowest price levels.
Mid: The ratio used to calculate the mid-level between the highest and lowest prices.
Optional Settings:
Source: Defines the price source used for calculating high and low levels (open, close, average, etc.).
Use HeikinAshi for range: Option to use HeikinAshi candles for price range analysis.
Logarithmic: Option to apply logarithmic calculations to price levels.
Break at first swing: Determines whether to break at the first price swing.
Visual Features:
Colors: The user can choose three different colors for the analyzed levels.
Extend left/right: Allows the extension of analyzed levels to the past or future.
How It Works:
XSRMulti operates based on three main analysis zones:
Zone 1: The highest, lowest, and mid levels are calculated and plotted.
Zone 2: A second analysis zone is created with similar calculations.
Zone 3: A third analysis zone is formed using the same methods.
Each zone is based on specific bar analysis, which determines the price levels. These levels can be used to make trading decisions. The user can also choose to extend the levels further to the right or left.
Table Information:
The indicator includes a table displaying daily price rate of change. This provides the user with insights into daily price movements.
Usage:
XSRMulti is a powerful analysis tool for traders. It is particularly useful for short-term traders, as it provides detailed insights into price movements. Users can make trading decisions based on the identified levels, especially when the price reaches certain thresholds.
Note:
The indicator uses current timeframe price data for calculations.
HeikinAshi-based analysis presents smoother price movements, making trend-following easier.
Forecasting
Multi-Timeframe Pattern & Trend Forecast - Akash 1this indicator forecasts and share signals based on multi timeframe and trends based on EMAs.
XSR v6XSR v6 - Comprehensive Price Action and Level Analysis Indicator
Authored by nanoinvestor, the XSR v6 indicator is a powerful tool designed to empower traders with an in-depth understanding of price action, support/resistance zones, and mid-level dynamics. This tool provides advanced functionalities and high customizability to adapt to diverse trading strategies.
Core Functionalities
Dynamic High-Low Identification
Precisely calculates recent high and low levels using customizable bar-back periods and depth settings.
Automatically adapts to changing market conditions by pinpointing the most relevant swing points.
Mid-Level Calculations
Includes up to 7 mid-levels derived from Fibonacci ratios, allowing traders to analyze potential retracement and extension levels.
Optional inversion and logarithmic scaling provide additional flexibility for advanced analytical needs.
Support & Resistance Zones
Automatically draws clear and color-coded support and resistance boxes on the chart.
These zones are based on calculated high/low levels, providing actionable insights for trade entries or exits.
Visual Customization
Customizable line colors, styles, widths, and extensions to enhance chart readability.
Option to extend lines for historical context or focus only on the current price action.
Daily Change Table
Displays the daily percentage change of the selected asset in a clean and intuitive table format.
Positive and negative changes are color-coded for quick interpretation.
Advanced Data Inputs
Supports multiple data sources (High/Low, Open, Close, HL2, HLC3) for range calculation.
Includes the option to use Heikin-Ashi candles for smoother price analysis.
Why Use XSR v6?
Strategic Decision-Making: Ideal for swing and intraday traders aiming to identify critical price levels for potential breakout or retracement scenarios.
Customizability: Offers highly flexible settings, including mid-level adjustments, logarithmic scaling, and Heikin-Ashi integration, to suit individual trading styles.
User-Friendly Design: Combines advanced algorithms with visually intuitive elements, ensuring clarity and ease of use for traders of all levels.
Additional Features
High-Low Offset Control: Fine-tune offset periods to refine support and resistance calculations.
Break Detection: Configurable option to stop calculations at the first significant swing for quicker level identification.
Color Customization: Adjust colors for resistance, support, and mid-levels for a tailored chart experience.
The XSR v6 indicator is a must-have tool for traders looking for precision, flexibility, and actionable insights in today’s fast-paced markets. Whether you are a beginner or an experienced trader, this indicator will enhance your market analysis and decision-making process.
IU open equal to high/low strategyIU open equal to high/low strategy:
The "IU Open Equal to High/Low Strategy" is designed to identify and trade specific market conditions where the day's first price action shows a strong directional bias. This strategy automatically enters trades based on the relationship between the market's open price and its first high or low of the day.
Entry Conditions:
1. Long Entry: A long position is initiated when the first open price of the session equals the day's first low. This signals a potential upward move.
2. Short Entry: A short position is initiated when the first open price of the session equals the day's first high. This signals a potential downward move.
Exit Conditions:
1. Stop Loss (SL): For both long and short trades, the stop loss is calculated based on the low or high of the candle where the position was entered.
2. Take Profit (TP): The take profit is set using a Risk-to-Reward (RTR) ratio, which is customizable by the user. The TP is calculated relative to the entry price and the distance between the entry and the stop loss.
Additional Features:
- Plots are used to visualize the entry price, stop loss, and take profit levels directly on the chart, providing clear and actionable insights.
- Labels are displayed to indicate the occurrence of the "Open == Low" or "Open == High" conditions for easier identification of potential trade setups.
- A dynamic fill highlights the areas between the entry price and the stop loss or take profit, offering a clear visual representation of the trade's risk and reward zones.
This strategy is designed for traders looking to capitalize on directional momentum at the start of the trading session. It is customizable, allowing users to set their desired Risk-to-Reward ratio and tailor the strategy to fit their trading style.
5 Pips GridDescription:
The 5 Pips Grid Tool is a versatile and visually intuitive indicator designed to enhance your trading experience by creating a customizable grid of horizontal lines at fixed intervals. Ideal for scalpers, day traders, and price action enthusiasts, this tool helps identify and navigate key price levels with ease.
Features:
Customizable Base Price: Set your preferred starting price for the grid.
Adjustable Line Spacing: Define the interval between each line in price units (e.g., 5 pips or any other value).
Dynamic Visualization: Automatically generates lines above and below the base price, aiding in the identification of price zones, support, and resistance levels.
Interactive Flexibility: Easily modify grid parameters to adapt to market conditions or personal trading strategies.
Performance Optimized: Draws lines only within visible and future-relevant chart areas to maintain chart clarity and prevent clutter.
Use Cases:
Highlight potential entry and exit zones based on price intervals.
Visualize and manage trading strategies, including range trading and breakout levels.
Aid in psychological pricing zones for instruments with consistent pip ranges.
This indicator ensures you never miss key levels while keeping your chart clean and actionable. Perfect for technical traders who value precision and clarity.
Vikas_RSI Based TradingRSI-Based Trading Strategy with No Trading Zone and ATR Stop Loss
Description of the RSI-Based Trading Strategy with No Trading Zone and ATR Stop Loss
This Pine Script strategy utilizes the Relative Strength Index (RSI) to identify potential entry and exit points for long (buy) and short (sell) positions in a trading instrument. It incorporates a unique "No Trading Zone" feature and an ATR-based stop loss mechanism for risk management.
Global Liquidity Index with offsetA quick edit of the Global Liquidity Index where you can offset it in days. This lets you visualize the lag.
M2 Global Liquidity Index - Time-Shift - KHM2 Global Liquidity Index - Enhanced Time-Shift Indicator
Based on original work by @Mik3Christ3ns3n
Enhanced with advanced time-shift functionality and overlay capabilities.
Description:
This indicator tracks and visualizes the global M2 money supply from five major economies, allowing precise time-shift analysis for correlation studies. All values are converted to USD in real-time and aggregated to provide a comprehensive view of global liquidity conditions.
Key Features:
- Advanced time-shift capability (-1000 to +1000 days) with shape preservation
- Real-time currency conversion to USD
- Overlay functionality with main chart
- Right-scale display for better comparison
- Full historical data preservation during time shifts
Components Tracked:
- US M2 Money Supply (USM2)
- China M2 Money Supply (CNM2)
- Eurozone M2 Money Supply (EUM2)
- Japan M2 Money Supply (JPM2)
- UK M2 Money Supply (GBM2)
Primary Use Cases:
1. Correlation Analysis:
- Compare global liquidity trends with asset prices
- Identify leading/lagging relationships through time-shift
- Study monetary policy impacts across different time periods
2. Market Analysis:
- Track global liquidity conditions
- Monitor central bank policy effects
- Identify potential macro trend changes
Settings:
- Time Offset: Shift the M2 data backwards or forwards (-1000 to +1000 days)
- Positive values: Move M2 data into the future
- Negative values: Move M2 data into the past
- Zero: Current alignment
Technical Notes:
- Data updates follow central banks' M2 publication schedules
- All currency conversions performed in real-time
- Historical shape preservation during time-shifts
- Enhanced data consistency through lookahead mechanism
Credits:
Original concept and base code by @Mik3Christ3ns3n
Enhanced version includes advanced time-shift capabilities and shape preservation
License:
Pine Script™ code is subject to the terms of the Mozilla Public License 2.0
#M2 #GlobalLiquidity #MoneySupply #Macro #CentralBanks #MonetaryPolicy #TimeShift #Correlation #TradingIndicator #MacroAnalysis #LiquidityAnalysis #MarketIndicator
Market Movement After OpenDescription:
This script provides a detailed visualization of market movements during key trading hours: the German market opening (08:00–09:00 UTC+1) and the US market opening (15:30–16:30 UTC+1). It is designed to help traders analyze price behavior in these critical trading periods by capturing and presenting movement patterns and trends directly on the chart and in an interactive table.
Key Features:
Market Movement Analysis:
Tracks the price movement during the German market's first hour (08:00–09:00 UTC+1) and the US market's opening session (15:30–16:30 UTC+1).
Analyzes whether the price moved up or down during these intervals.
Visual Representation:
Dynamically colored price lines indicate upward (green) or downward (red) movement during the respective periods.
Labels ("DE" for Germany and "US" for the United States) mark key moments in the chart.
Historical Data Table:
Displays the past 10 trading days' movement trends in an interactive table, including:
Date: Trading date.
German Market Movement: Up (▲), Down (▼), or Neutral (-) for 08:00–09:00 UTC+1.
US Market Movement: Up (▲), Down (▼), or Neutral (-) for 15:30–16:30 UTC+1.
The table uses color coding for easy interpretation: green for upward movements, red for downward, and gray for neutral.
Real-Time Updates:
Automatically updates during live trading sessions to reflect the most recent movements.
Highlights incomplete periods (e.g., ongoing sessions) to indicate their status.
Customizable:
Suitable for intraday analysis or broader studies of market trends.
Designed to overlay directly on any price chart.
Use Case:
This script is particularly useful for traders who focus on market openings, which are often characterized by high volatility and significant price movements. By providing a clear visual representation of historical and live data, it aids in understanding and capitalizing on market trends during these critical periods.
Notes:
The script works best when the chart is set to the appropriate timezone (UTC+1 for the German market or your local equivalent).
For precise trading decisions, consider combining this script with other technical indicators or trading strategies.
Feel free to share feedback or suggest additional features to enhance the script!
Financial Conditions IndicatorThe Financial Conditions Indicator is a custom-built TradingView Pine Script that measures the relative tightness or looseness of financial conditions in the economy. The indicator provides users with actionable insights to assess overall market liquidity and risk conditions by combining four major economic components into a single Composite Z-Score.
How It Works
Credit Spreads:
ICE BofA High Yield Option-Adjusted Spread (BAMLH0A0HYM2).
ICE BofA Corporate Index Option-Adjusted Spread (BAMLC0A0CM).
Volatility Indices:
S&P 500 Implied Volatility Index (CBOE:VIX).
U.S. Treasury Bond Volatility Index (TVC:MOVE).
Z-Score Normalization:
The raw data for each component is normalized into Z-Scores by calculating the deviation of current values from their 50-period Simple Moving Average (SMA), divided by their Standard Deviation (StDev). This process standardizes all four components into a comparable scale.
Formula:
Copy code
Z-Score = (Current Value - SMA(50)) / StDev(50)
Composite Z-Score:
The indicator computes the average of all four Z-Scores to create the Composite Z-Score. This single metric provides a broad snapshot of financial conditions.
Trend Filter:
A background color highlights periods of relative tightness or looseness:
Red (Z-Score > 0): Financial conditions are tight, indicating increased stress or risk-off behavior.
Green (Z-Score < 0): Financial conditions are loose, suggesting favorable liquidity and risk-on sentiment.
Visualization:
The Composite Z-Score is plotted as a blue line on the chart.
A neutral gray line at 0 serves as a benchmark to distinguish between tight and loose conditions.
Why It Matters
The Financial Conditions Indicator is a powerful tool for identifying macroeconomic conditions that influence risk assets such as equities, bonds, and Bitcoin. Periods of loose conditions (green) are generally favorable for asset price increases, while tight conditions (red) often precede pullbacks or heightened volatility.
This indicator enables traders and investors to:
Track the evolution of market liquidity.
Anticipate shifts in risk sentiment.
Align trading strategies with prevailing financial conditions.
Key Features:
Equal-weighted Composite Z-Score: Balances four critical market metrics.
Dynamic Trend Highlighting: Clear visual cues (green/red) for liquidity conditions.
Real-Time Monitoring: Provides actionable insights into the current state of financial markets.
mentor+json+v1.0This script implements a straightforward trend-following strategy based on moving averages (EMAs) and RSI confirmation. It is designed to help traders identify potential trend-based entry and exit points while managing risk with a customizable stop loss.
Key Features:
EMA Crossover: Buy signals occur when the short EMA crosses above the long EMA, and RSI is above a specified level. Sell signals are generated when the short EMA crosses below the long EMA, and RSI is below the specified level.
Stop Loss: A percentage-based stop loss is applied to all trades, ensuring effective risk management. The stop loss level is displayed as a dashed line on the chart.
Customization: Users can adjust the EMA lengths, RSI confirmation level, and stop loss percentage to match their trading strategy.
How to Use:
Add the script to your chart and adjust the inputs in the settings panel:
Short EMA Length: Determines the sensitivity of the short moving average.
Long EMA Length: Controls the trend-following component.
RSI Confirmation Level: Ensures trades are aligned with momentum.
Stop Loss (%): Defines the percentage level at which the stop loss is set.
Observe the buy and sell signals marked on the chart.
Use the stop loss line as a visual guide to manage risk for your trades.
Notes:
This script is intended for educational purposes and backtesting. Use it responsibly and in combination with other analysis techniques.
Always perform thorough backtesting and analysis before applying it to live trading.
Happy trading! 🚀
Moon HamsterThe indicator uses spaced repetition, which is a method for memorizing foreign languages (such as seed phrases) with maximum effect for recording in the subconscious (similar to a musical metronome but with doubled cycles like ECHO). It incorporates adjustments for noise using lunar or female cycles to provide signals consistently, not just during periods of significant upheaval. Image analysis can be integrated with GPT-4 (Masha) and trained as a neural network to make predictions based on current images.
In essence, the indicator reflects the collective subconscious of “sleepwalkers” through the NLP of chart language, such as Bitcoin; traders' inconsistencies create noise, which is filtered out by lunar cycles for constant accuracy = there is no global manipulator.
Labels:
"ЛОЖНЫЙ ГАЗ 15-1" = a FAKE BUY signal, AT THE CLOSING OF THIS BAR (CORRECTING by averaging GAS signal with 15 bars) as shown by multiple statistics - perhaps because this signal reflects more market noise at an early stage of the trend, or because the trend time is too short and it would be necessary to find signals with a long time in the bars - or change the time frame to a smaller one when there are more bars
"ГАЗ 30-1" = BUY signal on GAS, AT THE CLOSING OF THIS BAR: CORRECTING by averaging GAS signal with 30 bars, if GAS not 30 moon cycle
"ГАЗ 23-1" = A BUY signal with an average between GAS-30 and GAS-15
"ЛОЖНЫЙ ТОРМОЗ 15-1" = a FAKE SELL signal, AT THE CLOSING OF THIS BAR (CORRECTING by averaging BRAKE signal with 15 bars) as shown by multiple statistics - perhaps because this signal reflects more market noise at an early stage of the trend, or because the trend time is too short and it would be necessary to find signals with a long time in the bars - or change the time frame to a smaller one when there are more bars
"ТОРМОЗ 30-1" = SELL signal on BRAKE, AT THE CLOSING OF THIS BAR: CORRECTING by averaging DRAKE signal with 30 bars, if BRAKE not 30 moon cycle
"ТОРМОЗ 23-1" = A SELL signal with an average between BRAKE-30 and BRAKE-15
"ЭХО 15" = An ECHO type BUY or SELL signal with an average of 15 bars of the lunar cycle
"ЭХО 30" = An ECHO type BUY or SELL signal with an average of 30 bars of the lunar cycle
"ЭХО 23" = BUY or SELL signal averaged from ECHO-15 and ECHO-30 bars over lunar cycles
"ФИНАЛ 23" = BUY or SELL signal averaged from ECHO-23 and GAS-23 bars over lunar cycles
Vertical line = average for FINAL 23 and ECHO 23, for BUY or SELL signal in this color
END
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Индикатор использует интервальное повторение которое является методом заучивания иностранных языков (например сид-фразы) с максимальным эффектом, для записи в подсознание (по аналогии музыкального метронома но с удвоенными циклами типа ЭХО). Производится корректировка на шум с помощью лунных или женских циклов, чтобы давать сигналы всегда, а не только в периоды больших потрясений. Можно подключить анализ изображений к GPTо4 (Маша) и обучить как нейросеть чтобы она давала прогнозы по текущим картинкам. Суть: Индикатор отображает массовое подсознание лунатиков через НЛП языка графика, например биткоина, несогласованность трейдеров порождает шум, он убирается лунными циклами для постоянной точности = глобального манипулятора не существует. //Ссылка на телегу на графике - там все свежие примеры прогнозов, только для русскоязычных пользователей.//
ema_shortema 6 indikatorunun ema 18 i asagi yonlu kestigi mumu bulup altina diaomond koyar. bir sonraki mumun pullback olup olmadigini sorar .
Bhushan Sir's Magical Gold LevelsYears of research and finding Bhushan sir found out some critical gold levels where PA reacts.
ema_arkaplanEma6 ve Ema 18 ile saatlik grafikte yon tayini. ema6 saatlik grafikte ema 18 i yukari kiriyorsa arkaplan yesil, asagi kiriyorsa arkaplan kirmizi olur.
SSL and Dual MACD Indicatorindicator with ssl and macd use to for a perfect buy sell stratergy 100 win condition
Pivot Highs/Lows with Bar CountsWhat does the indicator do?
This indicator adds labels to a chart at swing (a.k.a., "pivot") highs and lows. Each label may contain a date, the closing price at the swing, the number of bars since the last swing in the same direction, and the number of bars from the last swing in the opposite direction. A table is also added to the chart that shows the average, min, and max number of bars between swings.
OK, but how do I use it?
Many markets -- especially sideways-moving ones -- commonly cycle between swing highs and lows at regular time intervals. By measuring the number of bars between highs and lows -- both same-sided swings (i.e., H-H and L-L) and opposite-sided swings (i.e., H-L and L-H) -- you can then project the averages of those bar counts from the last high or low swing to make predictions about where the next swing high or low should occur. Note that this indicator does not make the projection for you. You have to determine which swing you want to project from and then use the bar counts from the indicator to draw a line, place a label, etc.
Example: Chart of BTC/USD
The indicator shows pivot highs and lows with bar counts, and it displays a table of stats on those pivots.
If you focus on the center section of the chart, you can see that prices were moving in a sideways channel with very regular highs and lows. This indicator counts the bars between these pivots, and you could have used those counts to predict when the next high or low may have occurred.
The bar counts do not work as well on the more recent section of the chart because there are no regularly time swings.
Market Open Levels v3This indicator "Market Open Levels v3" allows a chart user to automatically display up to 20 previous price levels at the open price of up to 8 different markets simultaneously on one indicator.
The user can specify custom labels for each market's price level, as well as adjust the GMT Offset to allow for market open times in a different timezone than the chart's displayed time.
Displays price level at specified market open times. For instance, if a user specifies a market opens at 08:00, then a price level (horizontal line) will be drawn at the most recent 08:00 candle's open price (if GMT Offset is set to 0).
See tooltips for more information on specific inputs.
Three Step Future-Trend [BigBeluga]Three Step Future-Trend by BigBeluga is a forward-looking trend analysis tool designed to project potential future price direction based on historical periods. This indicator aggregates data from three consecutive periods, using price averages and delta volume analysis to forecast trend movement and visualize it on the chart with a projected trend line and volume metrics.
🔵 Key Features:
Three Period Analysis: Calculates price averages and delta volumes from three specified periods, creating a consolidated view of historical price movement.
Future Trend Line Projection: Plots a forward trend line based on the calculated averag of three periods, helping traders visualize potential future price movement.
Avg Delta Volume and Future Price Label: Shows a delta average Volume a long with a Future Price label at the end of the projected trend line, indicating the possible future delta volume and future Price.
Volume Data Table: Displays a detailed table showing delta and total volume for each of the three periods, allowing quick volume comparison to support the projected trend.
This indicator provides a dynamic way to anticipate market direction by blending price and volume data, giving traders insights into both volume and trend strength in upcoming periods.
DCA Order Info PlannerDescription :
This script is a Dollar-Cost Averaging (DCA) order planner designed for SPOT, LONG, and SHORT markets. It automatically calculates the optimal price levels for your orders based on configurable parameters, while also considering leverage and liquidation price.
🔹 Key Features:
1. Automatic Order Planning:
- The script calculates price levels for your orders based on an adjustable scaling coefficient (default: 1.5).
- You can set the percentage interval between each order (default: 2%).
- Displays the number of units to buy/sell at each level.
2.Leverage Management:
- Integrates a configurable leverage and computes the liquidation price for LONG and SHORT positions.
3.Clear Visual Display:
- Markers on the chart indicating order levels with customizable labels.
- A summary table shows price levels and corresponding quantities.
- Visualizes Stop Loss and Take Profit levels if defined.
4.Automatic Alerts:
- Sends alerts when the price reaches an order level.
🔹 Customizable Parameters:
- Starting Price: Initial price for calculating orders.
- Budget: Total budget for DCA orders.
- Leverage: Multiplier for LONG/SHORT positions.
- Scaling Coefficient: Adjusts the spacing between order levels.
- Maximum DCA Levels: Limits the number of generated orders.
🔹 How to Use:
1. Configure the parameters according to your strategy.
2. The script displays order levels and quantities on the chart.
3. Use the summary table to manually input orders on your favorite trading platform.
This script is particularly useful in volatile market conditions to average your entry or exit price and manage risk effectively.
IU Opening range Breakout StrategyIU Opening Range Breakout Strategy
This Pine Script strategy is designed to capitalize on the breakout of the opening range, which is a popular trading approach. The strategy identifies the high and low prices of the opening session and takes trades based on price crossing these levels, with built-in risk management and trade limits for intraday trading.
Key Features:
1. Risk Management:
- Risk-to-Reward Ratio (RTR):
Set a customizable risk-to-reward ratio to calculate target prices based on stop-loss levels.
Default: 2:1
- Max Trades in a Day:
Specify the maximum number of trades allowed per day to avoid overtrading.
Default: 2 trades in a day.
- End-of-Day Close:
Automatically closes all open positions at a user-defined session end time to ensure no overnight exposure.
Default: 3:15 PM
2. Opening Range Identification
- Opening Range High and Low:
The script detects the high and low of the first trading session using Pine Script's session functions.
These levels are plotted as visual guides on the chart:
- High: Lime-colored circles.
- Low: Red-colored circles.
3. Trade Entry Logic
- Long Entry:
A long trade is triggered when the price closes above the opening range high.
- Entry condition: Crossover of the price above the opening range high.
-Short Entry:
A short trade is triggered when the price closes below the opening range low.
- Entry condition: Crossunder of the price below the opening range low.
Both entries are conditional on the absence of an existing position.
4. Stop Loss and Take Profit
- Long Position:
- Stop Loss: Previous candle's low.
- Take Profit: Calculated based on the RTR.
- **Short Position:**
- **Stop Loss:** Previous candle's high.
- **Take Profit:** Calculated based on the RTR.
The strategy plots these levels for visual reference:
- Stop Loss: Red dashed lines.
- Take Profit: Green dashed lines.
5. Visual Enhancements
-Trade Level Highlighting:
The script dynamically shades the areas between the entry price and SL/TP levels:
- Red shading for the stop-loss region.
- Green shading for the take-profit region.
- Entry Price Line:
A silver-colored line marks the average entry price for active trades.
How to Use:
1.Input Configuration:
Adjust the Risk-to-Reward ratio, max trades per day, and session end time to suit your trading preferences.
2.Visual Cues:
Use the opening range high/low lines and shading to identify potential breakout opportunities.
3.Execution:
The strategy will automatically enter and exit trades based on the conditions. Review the plotted SL and TP levels to monitor the risk-reward setup.
Important Notes:
- This strategy is designed for intraday trading and works best in markets with high volatility during the opening session.
- Backtest the strategy on your preferred market and timeframe to ensure compatibility.
- Proper risk management and position sizing are essential when using this strategy in live markets.
Supertrend with Correct Y-axis Scaling OLEG_SLSThe functionality of the script:
1. Supertrend Calculation:
-The trend (Supertrend line) is updated dynamically:
-If the price is above the previous trend, the line follows the upper limit.
-If the price is lower, the line follows the lower boundary.
2. Calculation of the Supertrend for the higher timeframe:
-The function is used to calculate the Supertrend for the hourly, regardless of the current timeframe on the chart.
3. Buy and Sell Signals:
-Buy signal: When the price crosses the Supertrend line up and is above the Supertrend line.
-A sales signal: When the price crosses the Supertrend line down and is below the Supertrend line.
4. Display on the chart
-The Supertrend line is displayed:
-Green if the price is above the Supertrend line.
-Red if the price is below the Supertrend line.
-The Supertrend line for the hourly timeframe is displayed in blue.
5. Alerts
Two types of alerts are created:
-Buy Alert: When there is a buy signal.
-Sell Alert: When there is a sell signal.
Features and recommendations:
-Supertrend works best in trending markets. In a sideways movement, it can give false signals.
-Check the signals on multiple timeframes for confirmation.
-Add additional indicators (for example, RSI or MACD) to filter the signals.
-Test the strategy on historical data before using it in real trading.
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Функционал скрипта:
1. Расчет Supertrend:
-Тренд (линия Supertrend) обновляется динамически:
-Если цена выше предыдущего тренда, линия следует за верхней границей.
-Если цена ниже, линия следует за нижней границей.
2. Расчет Supertrend для старшего таймфрейма:
-Используется функция чтобы рассчитать Supertrend для часового,независимо от текущего таймфрейма на графике.
3. Сигналы покупки и продажи:
-Сигнал покупки: Когда цена пересекает линию Supertrend вверх и находится выше линии Supertrend.
-Сигнал продажи: Когда цена пересекает линию Supertrend вниз и находится ниже линии Supertrend.
4. Отображение на графике
-Линия Supertrend отображается:
-Зеленым, если цена выше линии Supertrend.
-Красным, если цена ниже линии Supertrend.
-Линия Supertrend для часового таймфрейма отображается синим цветом.
5. Оповещения
Создаются два типа оповещений:
-Buy Alert: Когда возникает сигнал на покупку.
-Sell Alert: Когда возникает сигнал на продажу.
Особенности и рекомендации:
-Supertrend лучше всего работает в трендовых рынках. В боковом движении может давать ложные сигналы.
-Проверяйте сигналы на нескольких таймфреймах для подтверждения.
-Добавьте дополнительные индикаторы (например, RSI или MACD) для фильтрации сигналов.
-Тестируйте стратегию на исторических данных перед использованием в реальной торговле.