Donchian Trend Ranges [AlgoAlpha]🚀🔗 Donchian Trend Ranges 🔗🚀
Elevate your trading game with the Donchian Trend Ranges indicator from AlgoAlpha! 🌟📈 This advanced tool helps you visualize market trends and potential reversal points using Donchian channels, volatility measures, and average true range (ATR).
Key Features
⚙️ Customizable Parameters: Adjust the lookback period and range multiplier to fit your trading style.
🎨 Color-Coded Trends: Easily distinguish between uptrends and downtrends with customizable colors.
📊 Dynamic Channels: Visualize multiple dynamic channels based on Donchian ranges and volatility.
☁️ Trend Clouds: See market strength and weakness with upper and lower trend clouds.
🔔 Signal Alerts: Get notified of potential trend shifts and take profit points.
How to Use
🛠 Add the Indicator: Add the indicator to favorites. Customize settings such as the lookback period and range multiplier to match your trading needs.
🔍 Analyze Trends: The indicator calculates the highest and lowest prices over a specified period to create dynamic channels. It then uses standard deviation and ATR to adjust these channels for market volatility, plotting upper and lower ranges. Green bars indicate an up trend and red bars for a down trend.
🔔 Set Alerts: Enable notifications for bullish and bearish trend shifts, as well as weak and strong take profit points, ensuring you never miss an opportunity.
How it Works
The Donchian Trend Ranges indicator calculates the highest and lowest prices over a specified period to create a basis line. It creates a range around the basis based on standard deviations and the clouds' width is determined by a 14 period ATR. The basis line and bar colors changes based on whether the closing price is above or below it, indicating trends. Clouds around these lines represent market reversal zones that can be used as entry levels when used in confluence with momentum indicators, visual signals ("X" and "◆") marking strong and weak take profit points are also printed when the prices revert from the clouds towards the basis. Integrated alerts notify you of significant events like trend shifts and take profit signals, keeping you informed without constant monitoring.
Unleash the power of the Donchian Trend Ranges in your trading strategy! 🌐📈✨
Trendfollowing
Net Buying/Selling Flows Toolkit [AlgoAlpha]🌟📊 Introducing the Net Buying/Selling Flows Toolkit by AlgoAlpha 📈🚀
🔍 Explore the intricate dynamics of market movements with the Net Buying/Selling Flows Toolkit designed for precision and effectiveness in visualizing money inflows and outflows and their impact on asset prices.
🔀 Multiple Display Modes : Choose from "Flow Comparison", "Net Flow", or "Sum of Flows" to view the data in the most relevant way for your analysis.
📏 Adjustable Unit Display : Easily manage the magnitude of the values displayed with options like "1 Billion", "1 Million", "1 Thousand", or "None".
🔧 Lookback Period Customization : Tailor the sum calculation window with a configurable lookback period, applicable in "Sum of Flows" mode.
📊 Deviation Thresholds : Set up lower and upper deviation thresholds to identify significant changes in flow data.
🔄 Reversal Signals and Deviation Bands : Enable signals for potential reversals and visualize deviation bands for comparative analysis.
🎨 Color-coded Visualization : Distinct colors for upward and downward movements make it easy to distinguish between buying and selling pressures.
🚀 Quick Guide to Using the Net Buying/Selling Flows Toolkit :
🔍 Add the Indicator : Add the indicator to you favorites. Customize the settings to fit your trading requirements.
👁️🗨️ Data Analysis : Compare the trend of Buying and Selling to help indicate whether bulls or bears are in control of the market. Utilize the different display modes to present the data in different form to suite your analysis style.
🔔 Set Alerts : Activate alerts for reversal conditions to keep abreast of significant market movements without having to monitor the charts constantly.
🌐 How It Works :
The toolkit processes volume data on a lower timeframe to distinguish between buying and selling pressures based on intra-bar price closing higher or lower than it opened. It aggregates these transactions and finds the net selling and buying that took place during that bar, offering a clearer view of market fundamentals. The indicator then plots this data visually with multiple modes including comparisons between buying/selling and the net flow of the asset. Deviation thresholds help in identifying significant changes, allowing traders to spot potential buying or selling opportunities based on the money flow dynamics. The "Sum of Flows" mode is unique from other trend following indicators as it does not determine trend based on price action, but rather based on the net buying/selling. Therefore in some cases the "Sum of Flows" mode can be a leading indicator showing bullish/bearish net flows even before the prices move significantly.
Embark on a more informed trading journey with this dynamic and insightful tool, tailor-made for those who demand precision and clarity in their trading strategies. 🌟📉📈
Crypto Realized Profits/Losses Extremes [AlgoAlpha]🌟🚀 Introducing the Crypto Realized Profits/Losses Extremes Indicator by AlgoAlpha 🚀🌟
Unlock the potential of cryptocurrency markets with our cutting-edge On-Chain Pine Script™ indicator, designed to highlight extreme realized profit and loss zones! 🎯📈
Key Features:
✨ Realized Profits/Losses Calculation: Uses real-time data from the blockchain to monitor profit and loss realization events.
📊 Multi-Crypto Compatibility: The Indicator is compatible on other Crypto tickers besides Bitcoin.
⚙️ Customizable Sensitivity: Adjust the look-back period, normalization period, and deviation thresholds to tailor the indicator to your trading style.
🎨 Visual Enhancements: Choose from a variety of colors for up and down trends, and toggle extreme profit/loss overlay for easy viewing.
🔔 Integrated Alerts: Set up alerts for high and extreme profit or loss conditions, helping you stay ahead of significant market movements.
🔍 How to Use:
🛠 Add the Indicator: Add the indicator to favorites. Customize settings like period lengths and deviation thresholds according to your needs.
📊 Market Analysis: Monitor the main oscillator and the bands to understand current profit and loss extremes in the market. When the oscillator is at the upper band, this means that the market is doing really well and traders/investors will be likely to take profit and cause a reversal. The opposite is true when the oscillator reaches the lower band. The main oscillator can also be used for trend analysis.
🔔 Set Alerts: Configure alerts to notify you when the market enters a zone of high profit or loss, or during trend changes, enabling timely decisions without constant monitoring.
How It Works:
The indicator calculates a normalized area under the RSI curve applied on on-chain data regarding the number of wallets in profit. It employs a custom "src" variable that aggregates data from the blockchain about profit and loss addresses, adapting to intraday or longer timeframes as needed. The main oscillator plots this normalized area, while the upper and lower bands are plotted based on a deviation metric to identify extreme conditions. Colored fills between these bands visually denote these zones. For interaction, the indicator plots bubbles for extreme profits or losses and provides optional bar coloring to reflect the current market trend.
🚀💹 Enjoy a comprehensive, customizable, and visually engaging tool that helps you stay ahead in the fast-paced crypto market!
Candlestick Reversal and Trend Signals [AlgoAlpha]🚀 Unleash your charting capabilities with the Candlestick Reversal and Trend Signals indicator by AlgoAlpha, your go-to tool for spotting pivotal market movements! This script enhances your trading experience by identifying key candlestick patterns and trend changes, perfect for traders aiming for precision in their technical analysis.
🛠 Key Features:
- 🔄 Multi-Timeframe Analysis : Leverages a timeframe multiplier to analyze levels on higher timeframes, enhancing the depth and applicability of insights.
- 🧩 Diverse Pattern Detection : Capable of detecting a wide array of patterns including Bull/Bear Engulfings, Dojis, Haramis, Piercing Lines, Dark Cloud Covers, and Morning/Evening Stars, each contributing to a robust trading strategy.
- 🔍 Dynamic Trend Filters : Utilizes three exponential moving averages (EMAs) and volume filters to decisively confirm trend directions and strength, providing a clearer picture of market dynamics.
- ⚙️ Customizable Settings : Features adjustable settings for filter period, signal thresholds, and appearance, allowing for a tailored analysis experience to fit individual trading styles.
- 📉 Swing Levels Identification : Marks significant high and low swing points on the chart, highlighting potential pivot points and trend reversals for strategic trading decisions.
📈 Quick Guide to Using the Candlestick Reversal and Trend Signals Indicator
1. 🛠 Add the Indicator : Add the indicator to your favorites. Adjust the settings to match your analysis needs.
2. 📊 Analysis : Keep an eye out for the specific symbols plotted on your chart that indicate various candlestick patterns. Use these signals to enhance your market analysis.
3. 🔔 Set Alerts : Enable alerts for the patterns you are most interested in to get notified of potential trading opportunities without needing to monitor the charts constantly.
Embark on your enhanced trading journey with this powerful tool! 🚀✨ Happy trading!
🧐 How It Works:
The Candlestick Reversal and Trend Signals indicator operates by integrating several candlestick patterns and trend analysis features to assist in making informed trading decisions. Initially, it gathers user-defined settings like the period for filtering, signal thresholds, and the desired patterns to detect. It analyzes candlestick formations such as Bull/Bear Engulfings, Dojis, Haramis, and more, by comparing the current candlestick's attributes (such as body length and direction) with previous data to identify potential market reversals or confirmations. The indicator enhances its accuracy through additional filters like volume ratios and exponential moving averages (EMAs) that help validate the strength and direction of trends. By marking these patterns and trends visually on the chart, it provides clear signals that aid traders in identifying significant market movements efficiently. The script is then complemented with the 3 EMA indicator for trend detection and swing levels for added confluence.
Candlestick Trend Strength [AlgoAlpha]🚀🎉 Introducing the Candlestick Trend Strength by AlgoAlpha, a dynamic TradingView indicator designed to visually communicate the strength and direction of market trends right on your charts! 🕯️💪
Key Features:
🌈 Visual gauge for trend strength, color-coded for intuitive insights.
⏳ Customizable trend detection and normalization periods to match your trading strategy.
🎨 Flexible color settings for both uptrend (green) and downtrend (red).
🔔 Real-time alerts for trend reversals, helping you stay ahead of market moves.
How to Use:
🛠 Add the Indicator: Add the indicator to favorites and customize it to suit your needs.
🔍 Analyze the Trends: Monitor the color changes in the gauge and bar color to identify strengthening or weakening trends.
🔔 Set Alerts: Configure alerts to notify you of trend changes, allowing you to react swiftly to trading opportunities without constant monitoring.
Basic Logic Explained:
The "Candlestick Trend Strength" indicator calculates the trend strength score by analyzing the ratio of the candle's wick to its body, alongside the direction of the candle (up or down). It uses a normalization period to adjust the sum of the trend score into a scale from -1 to 1, which is then plotted as a color gradient gauge from red (downtrend) to green (uptrend) on the chart. This representation helps traders quickly assess whether a trend is gaining or losing strength, and it updates in real-time with each new bar, providing a highly responsive tool for technical analysis.
Embrace the power of visual trend analysis with the "Candlestick Trend Strength" by AlgoAlpha and transform your trading experience today! 🌟📈
Unmitigated Liquidity Imbalances [AlgoAlpha]🎉 Introducing the Unmitigated Liquidity Imbalance Indicator by AlgoAlpha! 🎉
Dive into the depths of market analytics with our "Unmitigated Liquidity Imbalance" indicator. This tool harnesses unique algorithms to detect liquidity imbalances between bulls and bears, helping traders spot trends and potential entry and exit points with greater accuracy. 📈🚀
🔍 Key Features:
🌟 Advanced Analysis : Analyses candle direction and length to forecast market peaks and valleys.
🎨 Customizable Visuals : Tailor the chart with your choice of bullish green or bearish red to reflect different market conditions.
🔄 Real-Time Updates : Continuously updates to reflect live market changes.
🔔 Configurable Alerts : Set up alerts for key trading signals such as bullish and bearish reversals, as well as trend shifts.
📐 How to Use:
🛠 Add the Indicator : Add the indicator to your favourites and customize the settings to suite your needs.
📊 Market Analysis : Monitor the oscillator threshold; readings above 0.5 suggest bullish sentiment, while below 0.5 indicate bearish conditions. And reversal signals are displayed to show potential entry points.
🔔 Set Alerts : Enable notifications for reversal conditions or trend changes to seize trading opportunities without constant chart watching.
🧠 How It Works:
The core mechanism of the indicator is based on detecting changes in candlestick size and direction to identify bullish and bearish liquidity levels from the peak & valley indicator's logic. By comparing the length of a current candle to the previous one and checking the change in direction, it pinpoints moments where market sentiment could be shifting, indicating if the liquidity at that point is bullish or bearish. The script then looks at what percentage of the past few unmitigated levels are bullish or bearish based on a customizable lookback and determines the liquidity imbalance which can then be interpreted as trend.
Empower your trading with the Unmitigated Liquidity Imbalance indicator and navigate the markets with confidence and precision. 🌟💹
Happy trading, and may your charts be ever in your favour! 🥳✨
💎 Related Indicator
Rolling Point of Control (POC) [AlgoAlpha]Enhance your trading decisions with the Rolling Point of Control (POC) Indicator designed by AlgoAlpha! This powerful tool displays a dynamic Point of Control based on volume or price profiles directly on your chart, providing a vivid depiction of dominant price levels according to historical data. 🌟📈
🚀 Key Features:
Profile Type Selection: Choose between Volume Profile and Price Profile to best suit your analysis needs.
Adjustable Lookback Period: Modify the lookback period to consider more or less historical data for your profile.
Customizable Resolution and Scale: Tailor the resolution and horizontal scale of the profile for precision and clarity.
Trend Analysis Tools: Enable trend analysis with the option to display a weighted moving average of the POC.
Color-Coded Feedback: Utilize color gradients to quickly identify bullish and bearish conditions relative to the POC.
Interactive Visuals: Dynamic rendering of profiles and alerts for crossing events enhances visual feedback and responsiveness.
Multiple Customization Options: Smooth the POC line, toggle profile and fill visibility, and choose custom colors for various elements.
🖥️ How to Use:
🛠 Add the Indicator:
Add the indicator to favorites and customize settings like profile type, lookback period, and resolution to fit your trading style.
📊 Market Analysis:
Monitor the POC line for significant price levels. Use the histogram to understand price distributions and locate major market pivots.
🔔 Alerts Setup:
Enable alerts for price crossing over or under the POC, as well as for trend changes, to stay ahead of market movements without constant chart monitoring.
🛠️ How It Works:
The Rolling POC indicator dynamically calculates the Point of Control either based on volume or price within a user-defined lookback period. It plots a histogram (profile) that highlights the level at which the most trading activity has occurred, helping to identify key support and resistance levels.
Basic Logic Overview:
- Data Compilation: Gathers high, low, and volume (if volume profile selected) data within the lookback period.
- Histogram Calculation: Divides the price range into bins (as specified by resolution), counting hits in each bin to find the most frequented price level.
- POC Identification: The price level with the highest concentration of hits (or volume) is marked as the POC.
- Trend MA (Optional): If enabled, the indicator plots a moving average of the POC for trend analysis.
By integrating the Rolling Point of Control into your charting toolkit, you can significantly enhance your market analysis and potentially increase the accuracy of your trading decisions. Whether you're day trading or looking at longer time frames, this indicator offers a detailed, customizable perspective on market dynamics. 🌍💹
Smart Money Interest Index [AlgoAlpha]🌟 Smart Money Interest Index by AlgoAlpha 🌟
Welcome to the innovative Smart Money Interest Index indicator, designed meticulously by AlgoAlpha to revolutionize the way you trade! 📈🧠 This indicator is engineered to decipher the activities of smart money investors relative to the less informed (dumb money) and dynamically display their dominance in the trading landscape through a sophisticated visual index. 🚀💹
🔑 Key Features:
- Smart vs. Dumb Money Analysis: Tracks and compares the movements of smart money (informed investors) and dumb money (general public) within the market to identify potential investment signals.
- Relative Strength Index (RSI) Based Ratios: Utilizes RSI for both smart and dumb money to create a ratio that indicates buying or selling pressures.
- Dynamic Normalization: Employs a long-term peak normalization over a customizable period to ensure the index remains relevant regardless of market conditions.
- Visual Thresholds and Signals: Highlights significant shifts in market dynamics with color-coded thresholds, making it easier to spot changes at a glance.
🛠 How to Use the Smart Money Interest Index:
🔹 🚀 Step 1: Adding the Indicator
- Add the indicator to your favourites.
- Customize the settings according to your analysis needs:
- `Index Period`, `Volume Flow Period`, `Normalization Period`, `High Interest Threshold`
🔹 📊 Step 2: Interpretation of the Index
- Monitor the index plot; a rising index suggests increasing smart money interest, potentially indicating a buying opportunity.
- A value above the high interest threshold (in yellow) highlights significant interest by smart money, suggesting a good time to buy.
🔹 🔔 Step 3: Setting Alerts
- Configure alerts to notify you when the index crosses above the set threshold, enabling you to capitalize on trading opportunities timely and efficiently.
📐 Basic Logic Overview:
The Smart Money Interest Index by AlgoAlpha provides a unique metric that contrasts the investment behaviors of informed (smart money) and general (dumb money) investors. Utilizing the Relative Strength Index (RSI), this indicator evaluates the trading pressure exerted by both groups over specified periods, then forms a ratio of these activities to identify dominance in buying or selling trends. For example, when we see dumb money selling and smart buying, this suggests that the conditions for buying the asset is optimal as smart money is willing to buy the dip. The outputs are normalized against the highest values observed in a user-defined term to maintain consistency through varying market conditions. When the index exceeds a certain threshold, it suggests that smart money presence is particularly strong, possibly indicating that smart money is looking to enter positions on the asset. This tool serves as a sophisticated visual guide to understanding market dynamics and making well-informed trading decisions based on the activities of market-savvy investors. Smart money activity is identified during areas of low volume and the opposite for dumb money, the indicator uses the NVI and PVI metrics as its foundation for smart and dumb money analysis.
📊 Enhance Your Trading Strategy:
Leverage the Smart Money Interest Index to gain deeper insights into market dynamics and enhance your decision-making process with a powerful, data-driven approach. Whether you're looking to identify entry points or set strategic exits, this tool is designed to provide you with the competitive edge you need in the fast-paced world of trading. 🌐✨
Transform your trading with the power of smart money analysis—start using the Smart Money Interest Index today! 🚀🔔
Volumetric Fair Value Gaps [AlgoAlpha]🎯 Introducing the Volumetric Fair Value Gaps by AlgoAlpha 🎯
Embrace the power of volume and price action with the Volumetric Fair Value Gaps (VFVG) indicator, designed meticulously by AlgoAlpha. This innovative tool enhances your charting capabilities by highlighting fair value gaps in real-time, facilitating superior market entry and exit decisions. 🚀📈
🔍 Key Features:
🔹 Fair Value Gap Detection: Utilizes price action and volume to identify significant fair value gaps, offering potential high-probability trading opportunities.
🔹 Adjustability: Customize the sensitivity with 'FVG Noise Reduction Length' and 'Noise Reduction Factor' to match the volatility and characteristics of the asset being traded.
🔹 Visual Appeal: Displays bullish gaps in a soothing Bullish Color and bearish gaps in a striking Bearish Color, making it easy to spot and analyze trends on the fly.
🔹 Overlay Feature: Plots directly on the price chart for seamless integration and analysis.
🌟 Quick Guide to Using the Volumetric Fair Value Gaps Indicator:
🛠 Add the Indicator: Add the indicator to favourites and set it up with your desired settings.
📊 Market Analysis: Watch for the appearance of colored boxes (blue for bearish, gray for bullish) which represent the fair value gaps. These are high-probability areas for reversals or continuations. FVGs with higher volume are implied to induce a stronger reaction on price.
🔔 Alerts: Set up alerts to notify you when new gaps are detected, ensuring you never miss out on potential trades!
🛠 How It Works:
The Volumetric Fair Value Gaps (VFVG) indicator identifies significant price gaps that are not just based on price action but are also substantiated by volume, which are often overlooked in typical analyses. It operates by comparing the current candle’s price range against historical averages and is calculated over a user-defined period, displayed with volume for further insights. For a gap to be recognized as significant (either bullish or bearish), it must exceed a certain size relative to these averages, which can be adjusted for sensitivity using the provided settings. Bullish gaps are identified when the current low is higher than the second previous high after surpassing the threshold, and bearish gaps are marked when the current high is below the second previous low, similarly surpassing the threshold. This dual-confirmation (volume and price deviation) approach minimizes false signals and enhances the reliability of identified gaps.
Maximize your trading strategy with the VFVG Indicator by AlgoAlpha and turn those gaps into opportunities! 🌈✨
Squeeze Momentum Oscillator [AlgoAlpha]🎉📈 Introducing the Squeeze Momentum Oscillator by AlgoAlpha 📉🎊
Unlock the secrets of market dynamics with our innovative Squeeze Momentum Oscillator! Crafted for those who seek to stay ahead in the fast-paced trading environment, this tool amalgamates critical market momentum and volatility indicators to offer a multifaceted view of potential market movements. Here's why it's an indispensable part of your trading toolkit:
Key Features:
🌈 Customizable Color Schemes: Easily distinguish between bullish (green) and bearish (red) momentum phases for intuitive analysis.
🔧 Extensive Input Settings: Tailor the oscillator lengths for both Underlying and Swing Momentum to match your unique trading approach.
📊 Dedicated Squeeze Settings: Leverage precise volatility insights to identify market squeeze scenarios, signaling potential breakouts or consolidations.
🔍 Advanced Divergence Detection: Utilize sophisticated algorithms to detect and visualize both bullish and bearish divergences, pointing towards possible market reversals.
📈 Hyper Squeeze Detection: Stay alert to high-momentum market movements with our hyper squeeze feature, designed to extremely suppressed market volatility.
🔔 Comprehensive Alert System: Never miss a trading opportunity with alerts for momentum changes, squeeze conditions, and more.
Quick Guide to Using the Squeeze Momentum Oscillator:
🛠 Add the Indicator: Add the indicator to your favourites. Adjust the oscillator and squeeze settings to suit your trading preferences.
📊 Market Analysis: Keep an eye on the squeeze value and momentum z-score for insights into volatility and market direction. Hyper Squeeze signals are your cue for high momentum trading opportunities.
🔔 Alerts: Configure alerts for shifts in underlying and swing momentum, as well as entry and exit points for squeeze conditions, to capture market moves efficiently.
How It Works:
The Squeeze Momentum Oscillator by AlgoAlpha synergistically combines the principles of momentum tracking and market squeeze detection. By integrating the core logic of the Squeeze & Release indicator, it calculates the Squeeze Value (SV) through a comparison of the Exponential Moving Average (EMA) of the Average True Range (ATR) against the high-low price EMA. This SV is further analyzed alongside its EMA to pinpoint squeeze conditions, indicative of potential market breakouts or consolidations. In addition to this, the oscillator employs Hyper Squeeze Detection for identifying extremely low volatility. The momentum aspect of the oscillator evaluates the price movement relative to EMAs of significant highs and lows, refining these observations with a z-score normalization for short-term momentum insights. Moreover, the incorporation of divergence detection aids in identifying potential reversals, making this oscillator a comprehensive tool for traders looking to harness the power of volatility and momentum in their market analysis. The combination of the Squeeze & Release and the Momentum Oscillator allows traders to time their trades with more precision by entering when the market is in a squeeze and front running the volatility of a major move.
Elevate your trading strategy with the Squeeze Momentum Oscillator by AlgoAlpha and gain a competitive edge in deciphering market dynamics! 🌟💼 Happy trading!
Adaptive Schaff Trend Cycle (STC) [AlgoAlpha]Introducing the Adaptive Schaff Trend Cycle by AlgoAlpha: Elevate Your Trading Strategies 🚀
Discover precision and adaptability with the Adaptive Schaff Trend Cycle 🎯, meticulously crafted for traders seeking an edge in the markets. This advanced tool integrates sophisticated algorithms to offer clear insights and real-time analytics 📈.
Key Features:
⚙️Adaptive Signal Processing: Utilizes evolving calculations to adjust to market changes, offering highly responsive signals.
🔍Enhanced MACD Analysis: Innovates on the traditional MACD, providing new insights into market dynamics through an adaptive lens.
🎨Customizable Visual Experience: Features customizable up and down colors for tailored chart analysis.
🔔Real-Time Alerts: Stay informed with instant alerts on indicator changes.
Quick Guide to Using the Adaptive STC Indicator
1. 🔧 Adding the Indicator: Search for "Adaptive Schaff Trend Cycle (STC) " within TradingView's Indicators & Strategies and apply it to your chart. Customize the settings according to your trading style for optimum results.
2.👀 Market Analysis: Monitor the STC and Histogram values closely. The indicator's color gradients provide a visual representation of momentum shifts, helping you to identify trends more clearly.
3. 🚨 Set Alerts: Enable alerts for specific conditions like significant moves up or down, or when the histogram crosses zero. This feature ensures you never miss a potential trading opportunity.
How It Works:
The Adaptive Schaff Trend Cycle by AlgoAlpha introduces a dynamic approach to market analysis, refining traditional indicators through adaptive logic to align with fluctuating market conditions. Here's a concise overview of its operation:
🔄 Adaptive MACD Adjustment: The foundation of the indicator is an enhanced MACD calculation, which dynamically adjusts its parameters based on real-time market trends and momentum. This algorithmic adjustment aims to ensure the MACD's responsiveness to market changes, adapting its sensitivity to offer timely insights .
🌟 Integration of Schaff Trend Cycle (STC): After adjusting the MACD, the indicator calculates STC values to provide a smoothed representation of market trends. By normalizing and smoothing the MACD values on a scale from 0 to 100, the STC method helps in identifying market phases with a clear visualization. The smoothing process is designed to mitigate noise and focus on significant market movements .
📊 Visualization and Alerts: To aid in the interpretation of these insights, the Adaptive Schaff Trend Cycle employs color gradients and customizable visual settings to indicate momentum shifts. These visual cues, combined with alert functionalities, are structured to assist traders in monitoring market developments, enabling them to make informed decisions based on the presented data .
🛠️The Adaptive Schaff Trend Cycle thus merges adaptive MACD adjustments with STC methodology, supported by visual and alert features, to create a tool aimed at enhancing market analysis. By focusing on adaptability and current market conditions, it provides a nuanced view of market trends, intended to support traders in their decision-making processes without promising predictive accuracy or reliability .
Price Action Fractal Forecasts [AlgoAlpha]🔮 Price Action Fractal Forecasts - Unleash the Power of Historical Patterns! 🌌✨
Dive into the future with AlgoAlpha's Price Action Fractal Forecasts ! This innovative indicator utilizes the mesmerizing complexity of fractals to predict future price movements, offering traders a unique edge in the market. By analyzing historical price action and identifying repeating patterns, this tool forecasts future price trends, providing visually engaging and actionable insights.
Key Features:
🔄 Flexible Data Series Selection: Choose your preferred data series for precise analysis.
🕰 Flexible Training and Reference Data Windows: Customize the length of training data and reference periods to match your trading style.
📈 Custom Forecast Length: Adjust the forecast horizon to suit your strategic objectives.
🌈 Customizable Visual Elements: Tailor the colors of forecast deviation cones, data reference areas, and more for optimal chart readability.
🔄 Anticipatory and Repetitive Forecast Modes: Select between anticipating future trends or identifying repetitive patterns for forecasts.
🔎 Enhanced Similarity Search: Leverages correlation metrics to find the most similar historical data segments.
📊 Forecast Deviation Cone: Visualize potential price range deviations with adjustable multipliers.
🚀 Quick Guide to Maximizing Your Trading with Price Action Fractal Forecasts:
🛠 Add the Indicator: Search for "Price Action Fractal Forecasts" in TradingView's Indicators & Strategies. Customize settings according to your trading strategy.
📊 Strategic Forecasting: Monitor the forecast deviation cone and forecast directional changes for insights into potential future price movements.
🔔 Alerts for Swift Action: Set up notifications based on forecast changes to stay ahead of market movements without constant monitoring.
Behind the Magic: How It Works
The core of the Price Action Fractal Forecasts lies in its ability to compare current market behavior with historical data to unearth similar patterns. It first establishes a training data window to analyze historical prices. Within this window, it then defines a reference length to identify the most recent price action that will serve as the basis for comparison. The indicator searches through the historical data within the training window to find segments that closely match the recent price action in the reference period.
Depending on whether you choose the anticipatory or repetitive forecast mode, the indicator either looks ahead to predict future prices based on past outcomes following similar patterns or focuses on the repeating patterns within the reference period itself for forecasts. The forecast's direction can be configured to reflect the mean average of forecasted prices or the end-point relative to the start-point of the forecast, offering flexibility in how forecasts are interpreted.
To enhance the comprehensiveness and visualization, the indicator features a forecast deviation cone. This cone represents the potential range of price movements, providing a visual cue for volatility and uncertainty in the forecasted prices. The intensity of this cone can be adjusted to suit individual preferences, offering a visual guide to the level of risk and uncertainty associated with the forecasted price path.
Embrace the fractal magic of markets with AlgoAlpha's Price Action Fractal Forecasts and transform your trading today! 🌟🚀
Multi-Spectral RSI Deviations [AlgoAlpha]🌌 Multi-Spectral RSI Deviations by AlgoAlpha - Dive into Market Dynamics! 🌠
Dive deep into the essence of market trends with our 🚀 Multi-Spectral RSI Deviations indicator, a comprehensive tool designed by AlgoAlpha to enhance your trading strategy. By harnessing the power of multiple RSI lengths and innovative smoothing techniques, this indicator offers a unique perspective on market momentum and potential reversals.
🔍 Key Features:
🎨 Customizable up and down colors for immediate trend recognition.
🔢 Three RSI lengths for multi-layered market analysis.
🔄 Various Moving Average (MA) types including SMA, EMA, and more for tailored smoothing.
✅ Bullish and Bearish divergence plotting for spotting potential reversals.
🕵️♂️ Adjustable divergence sensitivity settings to fine-tune signal detection.
🔔 Built-in alerts for trend shifts and reversal conditions, ensuring you never miss a trading opportunity.
🚀 Quick Guide to Using the Multi-Spectral RSI Deviations Indicator
🛠 Add the Indicator: Search for "Multi-Spectral RSI Deviations" in TradingView's Indicators & Strategies. Adjust the RSI lengths and MA settings to suit your trading strategy.
🔍 Market Analysis: Keep an eye on the color changes for trend direction and use divergence plots to anticipate potential market reversals.
🔔 Alerts Setup: Activate the built-in alerts for trend shifts and reversals to stay ahead of the game without having to constantly monitor the charts.
🧠 How It Works:
At the core of the Multi-Spectral RSI Deviations indicator is its ability to analyze the market through various RSI lengths, providing a comprehensive view of momentum. The indicator calculates the Relative Strength Index (RSI) over three different periods, creating a spectrum of momentum insights. These RSI values are then compared to each other to identify the momentum shifts within the market.
To refine these insights, the differences between these RSI values are smoothed using a selected Moving Average type, such as SMA, EMA, etc., based on user preference. This smoothing process helps in highlighting the overall trend direction and potential reversal points with greater clarity.
Furthermore, the indicator employs a color-coding system, where the plotted line changes color based on the momentum's direction—shifting to an up color for positive momentum and a down color for negative momentum. This visual cue enables traders to quickly discern the market trend at a glance.
Divergences between the price action and the indicator's values are another cornerstone of this tool. By plotting potential bullish and bearish divergences, the indicator provides early signals of possible trend reversals, offering traders a strategic advantage.
Embrace the power of our 🌌 Multi-Spectral RSI Deviations and elevate your trading to stellar heights! 🌠✨
AI Adaptive Money Flow Index (Clustering) [AlgoAlpha]🌟🚀 Dive into the future of trading with our latest innovation: the AI Adaptive Money Flow Index by AlgoAlpha Indicator! 🚀🌟
Developed with the cutting-edge power of Machine Learning, this indicator is designed to revolutionize the way you view market dynamics. 🤖💹 With its unique blend of traditional Money Flow Index (MFI) analysis and advanced k-means clustering, it adapts to market conditions like never before.
Key Features:
📊 Adaptive MFI Analysis: Utilizes the classic MFI formula with a twist, adjusting its parameters based on AI-driven clustering.
🧠 AI-Driven Clustering: Applies k-means clustering to identify and adapt to market states, optimizing the MFI for current conditions.
🎨 Customizable Appearance: Offers adjustable settings for overbought, neutral, and oversold levels, as well as colors for uptrends and downtrends.
🔔 Alerts for Key Market Movements: Set alerts for trend reversals, overbought, and oversold conditions, ensuring you never miss a trading opportunity.
Quick Guide to Using the AI Adaptive MFI (Clustering):
🛠 Customize the Indicator: Customize settings like MFI source, length, and k-means clustering parameters to suit your analysis.
📈 Market Analysis: Monitor the dynamically adjusted overbought, neutral, and oversold levels for insights into market conditions. Watch for classification symbols ("+", "0", "-") for immediate understanding of the current market state. Look out for reversal signals (▲, ▼) to get potential entry points.
🔔 Set Alerts: Utilize the built-in alert conditions for trend changes, overbought, and oversold signals to stay ahead, even when you're not actively monitoring the charts.
How It Works:
The AI Adaptive Money Flow Index employs the k-means clustering machine learning algorithm to refine the traditional Money Flow Index, dynamically adjusting overbought, neutral, and oversold levels based on market conditions. This method analyzes historical MFI values, grouping them into initial clusters using the traditional MFI's overbought, oversold and neutral levels, and then finding the mean of each cluster, which represent the new market states thresholds. This adaptive approach ensures the indicator's sensitivity in real-time, offering a nuanced understanding of market trend and volume analysis.
By recalibrating MFI thresholds for each new data bar, the AI Adaptive MFI intelligently conforms to changing market dynamics. This process, assessing past periods to adjust the indicator's parameters, provides traders with insights finely tuned to recent market behavior. Such innovation enhances decision-making, leveraging the latest data to inform trading strategies. 🌐💥
Machine Learning: Multiple Logistic Regression
Multiple Logistic Regression Indicator
The Logistic Regression Indicator for TradingView is a versatile tool that employs multiple logistic regression based on various technical indicators to generate potential buy and sell signals. By utilizing key indicators such as RSI, CCI, DMI, Aroon, EMA, and SuperTrend, the indicator aims to provide a systematic approach to decision-making in financial markets.
How It Works:
Technical Indicators:
The script uses multiple technical indicators such as RSI, CCI, DMI, Aroon, EMA, and SuperTrend as input variables for the logistic regression model.
These indicators are normalized to create categorical variables, providing a consistent scale for the model.
Logistic Regression:
The logistic regression function is applied to the normalized input variables (x1 to x6) with user-defined coefficients (b0 to b6).
The logistic regression model predicts the probability of a binary outcome, with values closer to 1 indicating a bullish signal and values closer to 0 indicating a bearish signal.
Loss Function (Cross-Entropy Loss):
The cross-entropy loss function is calculated to quantify the difference between the predicted probability and the actual outcome.
The goal is to minimize this loss, which essentially measures the model's accuracy.
// Error Function (cross-entropy loss)
loss(y, p) =>
-y * math.log(p) - (1 - y) * math.log(1 - p)
// y - depended variable
// p - multiple logistic regression
Gradient Descent:
Gradient descent is an optimization algorithm used to minimize the loss function by adjusting the weights of the logistic regression model.
The script iteratively updates the weights (b1 to b6) based on the negative gradient of the loss function with respect to each weight.
// Adjusting model weights using gradient descent
b1 -= lr * (p + loss) * x1
b2 -= lr * (p + loss) * x2
b3 -= lr * (p + loss) * x3
b4 -= lr * (p + loss) * x4
b5 -= lr * (p + loss) * x5
b6 -= lr * (p + loss) * x6
// lr - learning rate or step of learning
// p - multiple logistic regression
// x_n - variables
Learning Rate:
The learning rate (lr) determines the step size in the weight adjustment process. It prevents the algorithm from overshooting the minimum of the loss function.
Users can set the learning rate to control the speed and stability of the optimization process.
Visualization:
The script visualizes the output of the logistic regression model by coloring the SMA.
Arrows are plotted at crossover and crossunder points, indicating potential buy and sell signals.
Lables are showing logistic regression values from 1 to 0 above and below bars
Table Display:
A table is displayed on the chart, providing real-time information about the input variables, their values, and the learned coefficients.
This allows traders to monitor the model's interpretation of the technical indicators and observe how the coefficients change over time.
How to Use:
Parameter Adjustment:
Users can adjust the length of technical indicators (rsi_length, cci_length, etc.) and the Z score length based on their preference and market characteristics.
Set the initial values for the regression coefficients (b0 to b6) and the learning rate (lr) according to your trading strategy.
Signal Interpretation:
Buy signals are indicated by an upward arrow (▲), and sell signals are indicated by a downward arrow (▼).
The color-coded SMA provides a visual representation of the logistic regression output by color.
Table Information:
Monitor the table for real-time information on the input variables, their values, and the learned coefficients.
Keep an eye on the learning rate to ensure a balance between model adjustment speed and stability.
Backtesting and Validation:
Before using the script in live trading, conduct thorough backtesting to evaluate its performance under different market conditions.
Validate the model against historical data to ensure its reliability.
Ninja Trend v2Ninja Trend V2 is best for swing, day trading and scalping using higher timeframe bias and executing in the lower timeframes. Uses MACD for the overall bias and paints a Heikin-Ashi chart.
Settings:
Firstly, go to chart settings, check (tick) the body, uncheck borders and wicks.
Secondly, go to the script settings and input the following;
Source close
Fast moving average 7
Slow moving average 13
Signal length 4
For day trading and scalping, change the script settings timeframe to 15 minutes and use a smaller chart timeframe (M5 or M1)
For swinging change the script settings timeframe to Daily and use H4 chart timeframe.
Behind the code:
When the higher timeframe MACD histogram crosses and closes above zero line, script goes to neutral and paints grey bars waiting for the signal line to cross and close above the zero line and then paints green bars and a buy signal is generated.
When the higher timeframe MACD histogram crosses and closes below zero line, script goes to neutral and paints grey bars waiting for the signal line to cross and close below the zero line and then paints red bars.
Advantage of this is to filter out the chart noise by painting Heikin Ashi charts.
Signals:
Grey means neutral. No entries should be made.
Red means sells only. And then hold until the trend changes to green or use your desired TP and SL.
Green means buys only. And then hold until the trend changes to red or use your desired TP and SL.
WaveTrend Ribbon [AlgoAlpha]🌟🚀 Introducing the WaveTrend Ribbon by AlgoAlpha - Your Next-Level Trading Companion! 🚀🌟
Dive into the world of advanced trading with the WaveTrend Ribbon by AlgoAlpha, a cutting-edge indicator designed to elevate your trading strategy on TradingView. 📈💡 This powerful tool combines the efficiency of the WaveTrend oscillator with innovative Z-score analysis to offer clear, actionable trading signals. 🌊🎯
Key Features:
🔧 Customizable Parameters: Tailor the indicator to your trading needs with adjustable settings including Channel Length, Average Length, Overbought/Oversold Levels, and more.
📊 WaveTrend Oscillator: Utilizes a smoothed version of the average price to identify potential market reversals.
📉 Z-Score Analysis: Enhances signal reliability by measuring the standard deviation of the current price from the mean.
🎨 Dynamic Color Coding: Visual cues shift between up and down colors to indicate market trends, making it easy to read at a glance.
⚠️ Divergence Detection: Automatic identification of bullish and bearish divergences for early signal warnings.
🔔 Custom Alerts: Stay ahead with real-time alerts for key trading events like bullish/bearish divergences and trend reversals.
How to Use WaveTrend Ribbon :
Maximize your trading potential with the WaveTrend Ribbon by following these simple steps:
🔍 Add to Chart: Locate "WaveTrend Ribbon " in TradingView's Indicators & Strategies and apply it to your chart. Dive into the settings to customize the parameters like Channel Length, Average Length, and the Overbought/Oversold levels to match your trading strategy.
- Channel Length affects the sensitivity of the WaveTrend oscillator to price movements. A shorter Channel Length increases responsiveness, useful in volatile markets but may lead to false signals. It's ideal for traders looking for quick reactions to price changes.
- Average Length is used to smooth the oscillator further, influencing how quickly the indicator responds to trend changes. A shorter Average Length allows for a quicker response to the oscillator's movements, suitable for short-term trading strategies.
📊 Analyze the Market: Pay close attention to the color transitions and position of the Z-score in relation to its moving average for insights into market direction. Look out for the overbought and oversold conditions for potential reversal points.
🔔 Set Up Alerts: Utilize the built-in alert system to get notified of key events like trend reversals, bullish and bearish divergences, and more, so you can make timely decisions without having to constantly monitor the charts.
Basic Logic Explained:
The WaveTrend Ribbon is an advanced trading indicator that leverages the WaveTrend oscillator, enhanced by Z-score normalization and moving averages for precise market trend analysis. It calculates the average price deviation over a set period (Channel Length), smoothing it with an Average Length to identify trends. Z-score analysis further refines signals by comparing oscillator deviations against its historical performance, highlighting overbought or oversold conditions. The indicator generates signals for potential reversals and market entries/exits, visualized through dynamic color coding and customizable alerts for traders to act upon efficiently. This multi-layered approach provides a deeper insight into market dynamics, offering a blend of trend following and momentum strategies.
By highlighting overbought and oversold conditions with dynamic color changes and providing reversal signals, this indicator is a must-have tool for traders aiming to capitalize on market trends. 📈🚀
Elevate your trading experience with the WaveTrend Ribbon, your go-to indicator for navigating the markets with confidence and precision. Happy trading! 🌟🚀
Cloud TrendCloud Trend Indicator ☁
The "Cloud Trend" indicator is a robust tool designed to identify and follow trends in financial markets. Leveraging Heikin Ashi principles, this indicator offers a clear visualization of trend strength and direction through the construction of a dual-line cloud.
How it works:
Principle of code is simple and efficient. Based on the loop, indicator calculates how many Heikin Ashi closes bars back are higher or lower of the current one and producing higherBars sum or lowerBars sum. In this way we have two lines from what clouds are constructed.
int higherBars = 0
int lowerBars = 0
// Heikin Ashi Close
series float h_close = math.avg(open,close,high,low)
// Calculation Lines
for i = 0 to lookbackInput - 1
if h_close < h_close
higherBars += 1
else if h_close > h_close
lowerBars += 1
Features:
Dual-Line Cloud Construction: The cloud is formed by two lines, where the upper line represents bullish momentum (aqua color) and the lower line reflects bearish momentum (red color).
Dynamic Bar Color: Traders can choose to color price bars based on trend strength. Aqua bars indicate a strong bullish trend, while red bars signify a robust bearish trend, providing valuable insights into market dynamics.
Customizable Lookback Period: Adapt the indicator to different market conditions by adjusting the lookback period. This flexibility accommodates various trading strategies and preferences.
Usage:
Cloud Color Signals: Changes in the cloud's color signal shifts in trend direction. Aqua signifies a bullish trend, while red indicates a bearish trend.
Bar Color Strength: If enabled, the color of price bars reflects the strength of the trend. Intense colors represent strong trends, offering a quick visual cue to the market's momentum.
Lookback Period Adjustment: Tailor the lookback period to match the timeframe and market conditions you are analyzing. Shorter periods capture immediate trends, while longer periods identify more sustained movements.
The "Cloud Trend" indicator, with its dual-line cloud construction, provides an intuitive way to interpret market trends. Whether you are a seasoned trader or a beginner, this tool enhances your technical analysis and supports more informed trading decisions.
Supertrended RSI [AlgoAlpha]🚀📈 Introducing the Supertrended RSI Indicator by AlgoAlpha!
Designed to empower your trading decisions, this innovative Pine Script™ creation marries the precision of the Relative Strength Index (RSI) with the dynamic prowess of the SuperTrend methodology. Whether you’re charting the course of cryptos, riding the waves of stock markets, or navigating the futures landscape, our SuperTrended RSI Indicator is your go-to tool for uncovering unique trend insights and crafting trading strategies. 🌟
Key Features:
🔍 Enhanced RSI Analysis: Combines the traditional RSI with a supertrend calculation for a dynamic look at market trends.
🔄 Multiple Moving Averages: Offers a selection of moving averages including SMA, HMA, EMA, and more for tailored analysis.
🎨 Customizable Visuals: Choose your own color scheme for uptrends and downtrends to match your trading dashboard.
📊 Flexible Input Settings: Tailor the indicator with customizable lengths, factors, and smoothing options.
⚡ Real-Time Alerts: Set alerts for bullish and bearish reversals to stay ahead of market movements.
Quick Guide to Using the Supertrended RSI Indicator
Maximize your trading with the Supertrended RSI by following these streamlined steps! 🚀✨
🛠 Add the Indicator: Search for "Supertrended RSI " in TradingView's Indicators & Strategies. Customize settings like RSI length, MA type, and Supertrend factors to fit your trading style.
🎨 Visual Customization: Adjust uptrend and downtrend colors for clear trend visualization.
📊 Market Analysis: Watch for the Supertrend color change for trend reversals. Use the 70 and 30 lines to spot overbought/oversold conditions.
🔔 Alerts: Enable notifications for reversal conditions to capture trading opportunities without constant chart monitoring.
How It Works:
At the core of this indicator is the combination of the Relative Strength Index (RSI) and the Supertrend framework, it does so by applying the SuperTrend on the RSI. The RSI settings can be adjusted for length and smoothing, with the option to select the data source. The Supertrend calculation takes into account a specified trend factor and the Average True Range (ATR) over a given period to determine trend direction.
Visual elements include plotting the RSI, its moving average, and the Supertrend line, with customizable colors for clarity. Overbought and oversold conditions are highlighted, and trend changes are filled with distinct colors.
🔔 Alerts: Enable alerts for crossover and crossunder events to catch every trading opportunity.
🌈 Whether you're a seasoned trader or just starting, the Supertrended RSI offers a fresh perspective on market trends. 📈
💡 Tip: Experiment with different settings to find the perfect balance for your trading style!
🔗 Explore, customize, and enhance your trading experience with the Supertrended RSI Indicator! Happy trading! 🎉
Long EMA Strategy with Advanced Exit OptionsThis strategy is designed for traders seeking a trend-following system with a focus on precision and adaptability.
**Core Strategy Concept**
The essence of this strategy lies in use of Exponential Moving Averages (EMAs) to identify potential long (buy) positions based on the relative positions of short-term, medium-term, and long-term EMAs. The use of EMAs is a classic yet powerful approach to trend detection, as these indicators smooth out price data over time, emphasizing the direction of recent price movements and potentially signaling the beginning of new trends.
**Customizable Parameters**
- **EMA Periods**: Users can define the periods for three EMAs - long-term, medium-term, and short-term - allowing for a tailored approach to capture trends based on individual trading styles and market conditions.
- **Volatility Filter**: An optional Average True Range (ATR)-based volatility filter can be toggled on or off. When activated, it ensures that trades are only entered when market volatility exceeds a user-defined threshold, aiming to filter out entries during low-volatility periods which are often characterized by indecisive market movements.
- **Trailing Stop Loss**: A trailing stop loss mechanism, expressed as a percentage of the highest price achieved since entry, provides a dynamic way to manage risk by allowing profits to run while cutting losses.
- **EMA Exit Condition**: This advanced exit option enables closing positions when the short-term EMA crosses below the medium-term EMA, serving as a signal that the immediate trend may be reversing.
- **Close Below EMA Exit**: An additional exit condition, which is disabled by default, allows positions to be closed if the price closes below a user-selected EMA. This provides an extra layer of flexibility and risk management, catering to traders who prefer to exit positions based on specific EMA thresholds.
**Operational Mechanics**
Upon activation, the strategy evaluates the current price in relation to the set EMAs. A long position is considered when the current price is above the long-term EMA, and the short-term EMA is above the medium-term EMA. This setup aims to identify moments where the price momentum is strong and likely to continue.
The strategy's versatility is further enhanced by its optional settings:
- The **Volatility Filter** adjusts the sensitivity of the strategy to market movements, potentially improving the quality of the entries during volatile market conditions.
The Average True Range (ATR) is a key component of this filter, providing a measure of market volatility by calculating the average range between the high and low prices over a specified number of periods. Here's how you can adjust the volatility filter settings for various market conditions, focusing on filtering out low-volatility markets:
Setting Examples for Volatility Filter
1. High Volatility Markets (e.g., Cryptocurrencies, Certain Forex Pairs):
ATR Periods: 14 (default)
ATR Multiplier: Setting the multiplier to a lower value, such as 1.0 or 1.2, can be beneficial in high-volatility markets. This sensitivity allows the strategy to react to volatility changes more quickly, ensuring that you're entering trades during periods of significant movement.
2. Medium Volatility Markets (e.g., Major Equity Indices, Medium-Volatility Forex Pairs):
ATR Periods: 14 (default)
ATR Multiplier: A multiplier of 1.5 (default) is often suitable for medium volatility markets. It provides a balanced approach, ensuring that the strategy filters out low-volatility conditions without being overly restrictive.
3. Low Volatility Markets (e.g., Some Commodities, Low-Volatility Forex Pairs):
ATR Periods: Increasing the ATR period to 20 or 25 can smooth out the volatility measure, making it less sensitive to short-term fluctuations. This adjustment helps in focusing on more significant trends in inherently stable markets.
ATR Multiplier: Raising the multiplier to 2.0 or even 2.5 increases the threshold for volatility, effectively filtering out low-volatility conditions. This setting ensures that the strategy only triggers trades during periods of relatively higher volatility, which are more likely to result in significant price movements.
How to Use the Volatility Filter for Low-Volatility Markets
For traders specifically interested in filtering out low-volatility markets, the key is to adjust the ATR Multiplier to a higher level. This adjustment increases the threshold required for the market to be considered sufficiently volatile for trade entries. Here's a step-by-step guide:
Adjust the ATR Multiplier: Increase the ATR Multiplier to create a higher volatility threshold. A multiplier of 2.0 to 2.5 is a good starting point for very low-volatility markets.
Fine-Tune the ATR Periods: Consider lengthening the ATR calculation period if you find that the strategy is still entering trades in undesirable low-volatility conditions. A longer period provides a more averaged-out measure of volatility, which might better suit your needs.
Monitor and Adjust: Volatility is not static, and market conditions can change. Regularly review the performance of your strategy in the context of current market volatility and adjust the settings as necessary.
Backtest in Different Conditions: Before applying the strategy live, backtest it across different market conditions with your adjusted settings. This process helps ensure that your approach to filtering low-volatility conditions aligns with your trading objectives and risk tolerance.
By fine-tuning the volatility filter settings according to the specific characteristics of the market you're trading in, you can enhance the performance of this strategy
- The **Trailing Stop Loss** and **EMA Exit Conditions** provide two layers of exit strategies, focusing on capital preservation and profit maximization.
**Visualizations**
For clarity and ease of use, the strategy plots the three EMAs and, if enabled, the ATR threshold on the chart. These visual cues not only aid in decision-making but also help in understanding the market's current trend and volatility state.
**How to Use**
Traders can customize the EMA periods to fit their trading horizon, be it short, medium, or long-term trading. The volatility filter and exit options allow for further customization, making the strategy adaptable to different market conditions and personal risk tolerance levels.
By offering a blend of trend-following principles with advanced risk management features, this strategy aims to cater to a wide range of trading styles, from cautious to aggressive. Its strength lies in its flexibility, allowing traders to fine-tune settings to their specific needs, making it a potentially valuable tool in the arsenal of any trader looking for a disciplined approach to navigating the markets.
Machine Learning Breakouts (from Pivots)I developed the 'Machine Learning Breakouts (from Pivots)' indicator to revolutionize the way we detect breakout opportunities and follow trend, harnessing the power of pivot points and machine learning. This tool integrates the k-Nearest Neighbors (k-NN) method with the Euclidean distance algorithm, meticulously analyzing pivot points to accurately forecast multiple breakout paths/zones. "ML Pivots Breakouts" is designed to identify and visually alert traders on bullish breakouts above high lines and bearish breakouts below low lines, offering essential insights for breakout and trend follower traders.
For traders, the instruction is clear: a bullish breakout signal is given when the price crosses above the forecasted high line, indicating potential entry points for long positions. Conversely, a bearish breakout signal is provided when the price breaks below the forecasted low line, suggesting opportunities to enter short positions. This makes the indicator a vital asset for navigating through market volatilities and capitalizing on emerging trends, designed for both long and short strategies and adeptly adapting to market shifts.
In this indicator I operate in a two-dimensional space defined by price and time. The choice of Euclidean distance as the preferred method for this analysis hinges on its simplicity and effectiveness in measuring and predicting straight-line distances between points in this space.
The Machine Learning Breakouts (from Pivots) Indicator calculations have been transitioned to the MLPivotsBreakouts library, simplifying the process of integration. Users can now seamlessly incorporate the "breakouts" function into their scripts to conduct detailed momentum analysis with ease.
Ichimoku OscillatorHello All,
This is Ichimoku Oscillator that creates different oscillator layers, calculates the trend and possible entry/exit levels by using Ichimoku Cloud features.
There are four layer:
First layer is the distance between closing price and cloud (min or max, depending on the main trend)
Second layer is the distance between Lagging and Cloud X bars ago (X: the displacement)
Third layer is the distance between Conversion and Base lines
Fourth layer is the distance between both Leadlines
If all layers are visible maning that positive according to the main trend, you can take long/short position and when main trend changed then you should close the position. so it doesn't mean you can take position when main trend changed, you need to wait for all other conditions met (all layers(
there is take profit partially option. if Conversion and base lines cross then you can take profit partially. Optionally you can take profit partially when EMA line crosses Fourth layer.
Optionally ATR (average true range) is used for Conversion and baseline for protection from whipsaws. you can use it to stay on the trend longer time.
I added options to enable/disable the alert and customize alert messages. You can change alert messages as you wish. if you use ' close ' in the alert message then you can get closing price in the alert message when the alert was triggered.
There is an option Bounce Off Support/Resistance , if there is trend and if the price bounce off Support/Resistance zone then a tiny triangle is shown.
There are many other options for coloring, alerts etc.
Some screenshots:
Main trend:
Taking/closing positions:
Example alert messages:
Bounce off:
Colors:
Colors:
Colors:
Non-colored background:
P.S. For a few months I haven't published any new script because of some health issues. hope to be healthy and create new scripts in 2024 :)
Enjoy!
Normalised Gaussian MACD Heikin Ashi [AlgoAlpha]🌟🚀Introducing the Normalised Gaussian MACD Heikin Ashi by AlgoAlpha !
Elevate your trading game with this multipurpose indicator, crafted to pinpoint trend continuation opportunities while highlighting volatility and oversold/overbought conditions. Whether you're embarking on your trading journey or you're a seasoned market navigator, this tool is equipped with intuitive visual cues to amplify your decision-making prowess and enrich your market analysis toolkit. Let's dive into the key features, utilization strategies, and the innovative logic underpinning this indispensable trading asset.
Key Features:
🔧 Enhanced Customization : Tailor your experience with adjustable parameters including Fast Length, Slow Length, Source, Macd Smoothing Length, Signal Smoothing, and more.
🖌️ Visual Enhancements : Opt for Heikin Ashi Candles display and choose to show or hide MACD and Signal lines for a clutter-free chart.
🌈 Color Customization : Personalize your chart with selectable primary and secondary up and down colors to suit your visual preferences.
🔔 Advanced Alert System : Stay ahead with comprehensive alert conditions for market movements, including trend reversals, bullish and bearish swings.
How to Use:
Configure the Inputs : Start by customizing the indicator’s settings to match your trading style. Adjust the length parameters, source selection, and smoothing lengths to fine-tune the indicator’s sensitivity.
Interpret the Candles and Colors : Keep an eye on the Heikin Ashi Candles (if enabled) and the color shifts within the MACD Line Candles and Histogram. These visual cues are pivotal for identifying market trends.
Analyze with Flexibility : Make use of the option to display or hide the MACD and Signal lines based on your analysis requirements. This can help in focusing on the essential information without overcrowding your chart.
Utilize Alerts for Timely Decisions : Leverage the extensive alert system to get notified about potential market movements. These alerts can help you capture the right moment to enter or exit trades.
Basic Logic:
The Normalised Gaussian MACD Heikin Ashi by AlgoAlpha integrates Gaussian filters to elevate the traditional MACD indicator's efficiency, providing a more detailed analysis of market trends and momentum. This sophisticated approach reduces noise and enhances signal speed, which is crucial for identifying momentum trading opportunities.
Gaussian Filter Implementation : The core innovation lies in applying a Gaussian filter to the input price series. This mathematical technique smooths the price data, significantly reducing market noise and making trend signals clearer and more reliable. The Gaussian filter calculates a smoothed value for each data point by weighting nearby data points, with the weights decreasing as the distance from the current data point increases.
Refined MACD Calculation : The Gaussian MACD is derived from the difference between two Gaussian smoothed moving averages (fast and slow), which are then normalized to account for market volatility. This normalization process involves dividing the difference by a measure of market range (such as the high minus the low), and multiplying by a factor (usually 100) to scale the indicator appropriately.
🔑 This script is a versatile tool designed to aid in the identification of momentum and reversals, helping traders to make informed decisions based on technical analysis. Its customization options allow for a tailored analysis experience, fitting the unique needs and strategies of each trader.
