CBBS Suite [KFB Quant]CBBS Suite
The CBBS Suite is a specialized technical indicator that aggregates central bank balance sheet (CBBS) data from major global economies (US, EU, China, and Japan) and analyzes the data to assist with trend-following strategies. By using CBBS data as an economic signal, this tool provides insights into long and short trading opportunities based on macroeconomic changes.
Functionality :
The CBBS Suite aggregates central bank balance sheets, converting the combined data into percentage changes over multiple timeframes (30–360 days). It then calculates average scores to highlight the direction and strength of the CBBS trend, with customizable smoothing options for precision.
Signal Modes :
Users can select from three modes for optimal customization:
Standard – Displays unsmoothed trend signals.
Smoothed – Applies a smoothing function for clearer signal representation.
Combined – Shows both standard and smoothed signals for a comprehensive view
Indicator Features :
Thresholds : Customize long and short entry points based on score thresholds and percentage change limits.
Signal Smoothing : Choose from EMA, SMA, or WMA for trend smoothing, with adjustable lengths for greater flexibility.
Visuals : Background color coding for long and short zones and up/down triangles on chart bars to clearly identify long and short signals.
Limitations :
As with any indicator, CBBS Suite should be used as part of a broader trading strategy. It doesn’t predict future movements but instead reflects central bank activity trends.
This indicator is designed to add value to the TradingView community by providing unique macroeconomic insights based on central bank data trends. It’s a valuable tool for users looking to incorporate CBBS data into their technical analysis toolkit.
Disclaimer: This tool is provided for informational and educational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Educational
Percentile Momentum IndicatorInput Parameters:
lengthPercentile: Defines the period used to calculate the percentile values (default: 30).
lengthMomentum: Defines the period for calculating the Rate of Change (ROC) momentum (default: 10).
Core Logic:
Rate of Change (ROC): The script calculates the ROC of the closing price over the specified period (lengthMomentum).
Percentile Calculations: The script calculates two key percentiles:
percentile_upper (80th percentile of the high prices)
percentile_lower (20th percentile of the low prices)
Percentile Average: An average of the upper and lower percentiles is calculated (avg_percentile).
Trade Signals:
Buy Signal: Triggered when the ROC is positive, the close is above the percentile_lower, and the close is above the avg_percentile.
Sell Signal: Triggered when the ROC is negative, the close is below the percentile_upper, and the close is below the avg_percentile.
Trade State Management:
The script uses a binary state: 1 for long (buy) and -1 for short (sell).
The trade state is updated based on buy or sell signals.
Bar Coloring:
Bars are colored dynamically based on the trade state:
Green for long (buy signal).
Red for short (sell signal).
The same color is applied to the percentile and average percentile lines for visual consistency.
Previous Daily Candle The Previous Daily Candle indicator is a powerful tool designed to enhance your intraday trading by providing clear visual cues of the previous day's price action. By outlining the high, low, open, and close of the previous daily candle and adding a middle dividing line, this indicator offers valuable context to inform your trading decisions.
🎯 Purpose
Visual Clarity: Highlight the key levels from the previous day's price movement directly on your intraday charts.
Trend Confirmation: Quickly identify bullish or bearish sentiment based on the previous day's candle structure.
Support and Resistance: Use the outlined high and low as potential support and resistance levels for your trading strategies.
Customizable Visualization: Tailor the appearance of the outlines and middle line to fit your trading style and chart aesthetics.
🛠️ Features
Outlined Candle Structure:
High and Low Lines: Clearly mark the previous day's high and low with customizable colors and line widths.
Open and Close Representation: Visualize the previous day's open and close through the outlined structure.
Middle Dividing Line:
Average Price Level: A horizontal line divides the candle in half, representing the average of the open and close prices.
Customizable Appearance: Adjust the color and thickness to distinguish it from the high and low outlines.
Bullish and Bearish Differentiation:
Color-Coded Outlines: Automatically change the outline color based on whether the previous day's candle was bullish (green by default) or bearish (red by default).
Enhanced Visual Feedback: Quickly assess market sentiment with intuitive color cues.
Customization Options:
Outline Colors: Choose distinct colors for bullish and bearish candle outlines to match your chart's color scheme.
Middle Line Color: Select a color that stands out or blends seamlessly with your existing chart elements.
Line Width Adjustment: Modify the thickness of all lines to ensure visibility without cluttering the chart.
Transparent Candle Body:
Non-Intrusive Display: The indicator only draws the outlines and middle line, keeping the candle body transparent to maintain the visibility of your primary chart data.
⚙️ How It Works
Data Retrieval: The indicator fetches the previous day's open, high, low, and close prices using TradingView's request.security function.
Candle Analysis: Determines whether the previous day's candle was bullish or bearish by comparing the close and open prices.
Dynamic Drawing: Upon the start of a new day, the indicator deletes the previous outlines and redraws them based on the latest data.
Time Synchronization: Accurately aligns the outlines with the corresponding time periods on your intraday chart.
📈 How to Use
Add to Chart:
Open TradingView and navigate to the Pine Editor.
Paste the provided Pine Script code into the editor.
Click on Add to Chart to apply the indicator.
Customize Settings:
Access the indicator's settings by clicking the gear icon next to its name on the chart.
Adjust the Bullish Outline Color, Bearish Outline Color, Middle Line Color, and Outline Width to your preference.
Interpret the Lines:
Bullish Candle: If the previous day's close is higher than its open, the outlines will display in the bullish color (default green).
Bearish Candle: If the previous day's close is lower than its open, the outlines will display in the bearish color (default red).
Middle Line: Represents the midpoint between the open and close, providing a quick reference for potential support or resistance.
Integrate with Your Strategy:
Use the high and low outlines as potential entry or exit points.
Combine with other indicators for confirmation to strengthen your trading signals.
Liquidity Channels [TFO]This indicator was built to visually demonstrate the significance of major, untouched pivots. With traders commonly placing orders at or near significant pivots, these areas are commonly referred to as Resting Liquidity. If we attribute some factor of growth over time, we can quickly visualize that certain pivots originated much further away than others, if their channels appear larger.
A pivot in this case is validated by the Liquidity Strength parameter. If set to 50 for example, then a pivot high is validated if its high is greater than the high of the 50 bars to the left and right of itself. This also implies a delay in finding pivots, as the drawings won't actually appear until validation, which would occur 50 bars after the original high has formed in this case. This is typical of indicators using swing highs and lows, as one must wait some period of time to validate the pivots in question.
The Channel Growth parameter dictates how much the Liquidity Channels will expand over time. The following chart is an example, where the left-hand side is using a Channel Growth of 1, and the right-hand side is using a Channel Growth of 10.
When price reaches these levels, they become invalidated and will stop extending to the right. The other condition for invalidation is the Delete After (Bars) parameter which, when enabled, declares that untouched levels will be deleted if the distance from their origin exceeds this many bars.
This indicator also offers an option to Hide Expanding Channels for those who just want the actual levels on their chart, without the extra visuals, which would look something like the below chart.
Systematic Investment Tracker by Ceyhun Gonul### English Description
**Systematic Investment Tracker with Enhanced Features**
This script, titled **Systematic Investment Tracker with Enhanced Features**, is a TradingView tool designed to support systematic investments across different market conditions. It provides traders with two customizable investment strategies — **Continuous Buying** and **Declining Buying** — and includes advanced dynamic investment adjustment features for each.
#### Detailed Explanation of Script Features and Originality
1. **Two Investment Strategies**:
- **Continuous Buying**: This strategy performs purchases consistently at each interval, as set by the user, regardless of market price changes. It follows the principle of dollar-cost averaging, allowing users to build an investment position over time.
- **Declining Buying**: Unlike Continuous Buying, this strategy triggers purchases only when the asset's price has declined from the previous interval's closing price. This approach helps users capitalize on lower price points, potentially improving average costs during downward trends.
2. **Dynamic Investment Adjustment**:
- For both strategies, the script includes a **Dynamic Investment Adjustment** feature. If enabled, this feature increases the purchasing amount by 50% if the current price has fallen by a specific user-defined percentage relative to the previous price. This allows users to accumulate a larger position when the asset is declining, which may benefit long-term cost-averaging strategies.
3. **Customizable Time Frames**:
- Users can specify a **start and end date** for investment, allowing them to restrict or backtest strategies within a specific timeframe. This feature is valuable for evaluating strategy performance over specific market cycles or historical periods.
4. **Graphical Indicators and Labels**:
- The script provides graphical labels on the chart that display purchase points. These indicators help users visualize their investment entries based on the strategy selected.
- A summary **performance label** is also displayed, providing real-time updates on the total amount spent, accumulated quantity, average cost, portfolio value, and profit percentage for each strategy.
5. **Language Support**:
- The script includes English and Turkish language options. Users can toggle between these languages, allowing the summary label text and descriptions to be displayed in their preferred language.
6. **Performance Comparison Table**:
- An optional **Performance Comparison Table** is available, offering a side-by-side analysis of net profit, total investment, and profit percentage for both strategies. This comparison table helps users assess which strategy has yielded better returns, providing clarity on each approach's effectiveness under the chosen parameters.
#### How the Script Works and Its Uniqueness
This closed-source script brings together two established investment strategies in a single, dynamic tool. By integrating continuous and declining purchase strategies with advanced settings for dynamic investment adjustment, the script offers a powerful, flexible tool for both passive and active investors. The design of this script provides unique benefits:
- Enables automated, systematic investment tracking, allowing users to build positions gradually.
- Empowers users to leverage declines through dynamic adjustments to optimize average cost over time.
- Presents an easy-to-read performance label and table, enabling an efficient and transparent performance comparison for informed decision-making.
---
### Türkçe Açıklama
**Gelişmiş Özellikli Sistematik Yatırım Takipçisi**
**Gelişmiş Özellikli Sistematik Yatırım Takipçisi** adlı bu TradingView scripti, çeşitli piyasa koşullarında sistematik yatırım stratejilerini desteklemek üzere tasarlanmış bir araçtır. Script, kullanıcıya iki özelleştirilebilir yatırım stratejisi — **Sürekli Alım** ve **Düşen Alım** — ve her strateji için gelişmiş dinamik yatırım ayarlama seçenekleri sunar.
#### Script Özelliklerinin Detaylı Açıklaması ve Özgünlük
1. **İki Yatırım Stratejisi**:
- **Sürekli Alım**: Bu strateji, fiyat değişimlerine bakılmaksızın kullanıcının belirlediği her aralıkta sabit bir miktar yatırım yapar. Bu yaklaşım, uzun vadede pozisyonu kademeli olarak oluşturmak isteyenler için idealdir.
- **Düşen Alım**: Sürekli Alım’ın aksine, bu strateji yalnızca fiyat bir önceki aralığın kapanış fiyatına göre düştüğünde alım yapar. Bu yöntem, yatırımcıların daha düşük fiyatlardan alım yaparak ortalama maliyeti potansiyel olarak iyileştirmelerine yardımcı olur.
2. **Dinamik Yatırım Ayarlaması**:
- Her iki strateji için de **Dinamik Yatırım Ayarlaması** özelliği bulunmaktadır. Bu özellik aktif edildiğinde, mevcut fiyatın bir önceki fiyata göre kullanıcı tarafından belirlenen bir yüzde oranında düşmesi durumunda alım miktarını %50 artırır. Bu durum, uzun vadede maliyet ortalaması stratejilerine katkıda bulunur.
3. **Özelleştirilebilir Tarih Aralığı**:
- Kullanıcılar, yatırımı belirli bir tarih aralığında sınırlandırmak veya test etmek için bir **başlangıç ve bitiş tarihi** belirleyebilir. Bu özellik, strateji performansını geçmiş piyasa döngüleri veya belirli dönemlerde değerlendirmek için kullanışlıdır.
4. **Grafiksel İşaretleyiciler ve Etiketler**:
- Script, grafik üzerinde alım noktalarını gösteren işaretleyiciler sağlar. Bu görsel göstergeler, kullanıcıların seçilen stratejiye göre yatırım girişlerini görselleştirmesine yardımcı olur.
- Ayrıca, her strateji için harcanan toplam tutar, biriken miktar, ortalama maliyet, portföy değeri ve kâr yüzdesi gibi bilgileri gerçek zamanlı olarak gösteren bir **performans etiketi** sunar.
5. **Dil Desteği**:
- Script, İngilizce ve Türkçe dillerini desteklemektedir. Kullanıcılar, performans etiketi metninin ve açıklamalarının tercih ettikleri dilde görüntülenmesi için dil seçimini yapabilir.
6. **Performans Karşılaştırma Tablosu**:
- İsteğe bağlı olarak kullanılabilen bir **Performans Karşılaştırma Tablosu**, her iki strateji için net kâr, toplam yatırım ve kâr yüzdesi gibi bilgileri yan yana analiz eder. Bu tablo, kullanıcıların hangi stratejinin daha yüksek getiri sağladığını değerlendirmesine yardımcı olur.
#### Scriptin Çalışma Prensibi ve Özgünlüğü
Bu script, iki yatırım stratejisini gelişmiş bir araçta birleştirir. Sürekli ve düşen fiyatlara dayalı alım stratejilerini dinamik yatırım ayarlama özelliğiyle entegre ederek yatırımcılar için güçlü ve esnek bir çözüm sunar. Script’in tasarımı aşağıdaki benzersiz faydaları sağlamaktadır:
- Otomatik, sistematik yatırım takibi yaparak kullanıcıların pozisyonlarını kademeli olarak oluşturmalarına olanak tanır.
- Dinamik ayarlama ile düşüşlerden yararlanarak zaman içinde ortalama maliyeti optimize etme olanağı sağlar.
- Her iki stratejinin performansını basit ve anlaşılır bir şekilde karşılaştıran etiket ve tablo ile verimli bir performans değerlendirmesi sunar.
XRP Comparative Price Action Indicator - Final VersionXRP Comparative Price Action Indicator - Final Version
The XRP Comparative Price Action Indicator provides a comprehensive visual analysis of XRP’s price movements relative to key cryptocurrencies and market indices. This indicator normalises price data across various assets, allowing traders and investors to assess XRP’s performance against its peers and major market influences at a glance.
Key Features:
• Normalised Price Data: Prices are scaled between 0.00 and 1.00,
enabling straightforward comparisons between different assets.
• Key Comparisons: Includes normalised prices for:
• XRP/USD (Bitstamp)
• XRP Dominance (CryptoCap)
• XRP/BTC (Bitstamp)
• BTC/USD (Bitstamp)
• BTC Dominance (CryptoCap)
• USDT Dominance (CryptoCap)
• S&P 500 (SPY)
• DXY (Dollar Index)
• ETH/USD (Bitstamp)
• ETH Dominance (CryptoCap)
• XRP/ETH (Binance)
• Visual Clarity: Each asset is plotted with distinct colors for easy identification,
with thicker lines enhancing visibility on the chart.
• Reference Lines: Optional horizontal lines indicate the minimum (0) and maximum (1) normalised values, providing clear reference points for analysis.
This indicator is ideal for traders looking to understand XRP’s relative performance, gauge market sentiment, and make informed trading decisions based on comparative price action.
DIVERGENCE SPOT X P.FUTURES (INVERTED VERSION) [GUSLM]Many asked me to change the positive position x negative(of "DIVERGENCE SPOT X P.FUTURES"). being maybe no intuitive for some coins and situations....
So, Now on this version you are going to have UP moves for Upwards from derivatives ( p. Futures with Higher prices than Spot prices), and Dowwards for Negative Futures derivatives. ( it will match the future funding rates probably)
The "pushs" now are in the oposite direction.
Look at the DIVERGENCE SPOT X P.FUTURES script for a better view about it.
For instance:
This version is better for normal coin and market - where the derivatives go in the direction of the price and the coin will have a positive FR(funding) when going up, and maybe sometimes negatives when going down.
The First non inverted version: is better for manipulated coins, where you have pushs and pulls, to try to build a negative funding while hold longs positions. it will go up with negative FR. - Shorters paying the longs and being liquidated in the way..
But you can chose one and adaptd to use only one fot both situations, only need to take a look on the market and define whats going on with the books and prices moves.
Strategy Builder [Cometreon]The Strategy Builder is an advanced indicator that allows you to create customized trading strategies directly on TradingView. With the ability to define up to five entry conditions and two exit conditions, this tool offers unprecedented flexibility in creating complex strategies.
Key Features:
Creation of strategies with 5 entry conditions and 2 exit conditions
Use of any indicator available on TradingView, including private indicators
Advanced options for signal and condition management
Technical Details and Customizable Inputs:
Activate Signal: Option to activate or deactivate the Long or Short condition
Special Condition:** It's possible to activate a "Special" condition, choosing from:
1) Precedent Signal: Searches for the condition in a previous candle. For example, entering 4 will check the condition in the fourth previous candle.
2) Check Signal: Verifies if the condition has occurred in a certain number of candles. For example, entering 6 will check if the condition has occurred in at least one of the 6 previous candles.
3) Multiple Signal: Checks multiple consecutive conditions. For example, with 3 the condition must occur in all 3 previous candles, unlike the "Check Signal" where a single occurrence is sufficient.
4) Confirm Signal: Checks that the condition has not occurred previously. For example, entering 5 verifies that the condition has not been activated in any of the 5 previous candles.
Source Long and Short: Allows choosing the first value to create the condition, using any indicator on TradingView, including our private indicators with derived signals
Type Long and Short":** Defines the type of condition, with a wide range of intuitive options including:
1) Cross Over Value: Source Long/Short crosses upward the second value.
2) Cross Under Value: Source Long/Short crosses downward the second value.
3) Greater Than: Source Long/Short is greater than the second value.
4) Lower Than: Source Long/Short is less than the second value.
5) Equal To: Source Long/Short is equal to the second value.
6) Increase: Source Long/Short is greater than the previous candle.
7) Decrease: Source Long/Short is less than the previous candle.
8) No Change: Source Long/Short is equal to the previous candle.
9) Change Value: Source Long/Short is different from the previous candle.
Only First: Avoids multiple or repeated signals, excluding a signal if the condition was active in the previous candle.
Type Value: Allows choosing the type of the second value:
1) Normal: allows manually entering a value (for example, 20 or 50).
2) Choose: allows selecting a value from another indicator, as for the first value.
How to Use The Indicator:
Define entry and exit conditions using desired indicators
Configure signal management options for each condition
Test the created strategy directly on the chart or in combination with the Strategy Tester
Unlock the potential of your trading strategies with TradeLab Beta's Strategy Builder start creating customized strategies optimized for your trading goals.
Don't waste any more time and visit the link to get access to all Cometreon indicators.
Signal Tester [Cometreon]Signal Tester is a powerful tool that allows you to analyze and visualize up to 100 historical positions directly on the TradingView chart. This indicator is ideal for quickly testing the effectiveness of trading signals from various sources.
Key Features:
Graphical visualization of entry and exit signals
Support for analysis on different timeframes
Ability to test signals from bots, groups, or personal strategies
Technical Details and Customizable Inputs:
Position Selection : Choose up to 100 recent positions, both long and short, to display signals directly on the chart.
Data Entry : Easily select the date and position type (long/short) in the settings.
How to Use the Indicator:
Enter entry and exit signals in the indicator settings.
Analyze the results directly on the chart.
Add the generated signals to the Strategy Tester to verify their effectiveness.
Start testing your trading signals now with TradeLab Beta's Signal Tester access this powerful tool and take your market analysis to the next level!
Don't waste any more time and visit the link to get access to all Cometreon indicators.
Auto Fibonacci ModePurpose of the Code:
This Pine Script™ code defines an indicator called "Auto Fibonacci Mode" that automatically plots Fibonacci retracement and extension levels based on recent price data, providing traders with reference levels for potential support and resistance. It also offers an "Auto" mode that determines levels based on the selected moving average type (e.g., EMA, SMA) for added flexibility in trend identification.
Key Components and Functionalities:
Inputs:
lookback (Lookback): Determines how many bars back to look when identifying the highest and lowest prices.
reverse: Reverses the direction of Fibonacci calculations, which is helpful for analyzing both uptrends and downtrends.
auto: When enabled, this option automatically adjusts Fibonacci levels based on a moving average.
mod: Allows the user to select a specific moving average type (EMA, SMA, RMA, HMA, or WMA) for use in "Auto" mode.
Label and Color Options: Customize the display of Fibonacci labels, colors, and whether to show the highest and lowest levels on the chart.
Fibonacci Levels:
Sixteen Fibonacci levels are configurable in the input options, allowing users to choose traditional retracement levels (e.g., 0.236, 0.5, 1.618) as well as custom levels.
These levels are calculated dynamically and adjusted based on the highest and lowest price range within the lookback period.
Calculation of Direction and Fibonacci Levels:
Moving Average Direction: Using the specified moving average, the code evaluates the price direction to determine the trend (upward or downward). This direction can be reversed if the user selects the reverse option.
Fibonacci Level Calculation: Each level is computed based on the highest and lowest prices over the lookback range and adjusted according to the selected trend direction and moving average type.
Plotting Fibonacci Levels:
The script generates lines on the chart to represent each Fibonacci level, with customizable gradient colors.
Labels displaying level values and prices can be enabled, providing easy identification of each level on the chart.
Additional Lines:
Lines representing the highest and lowest prices within the lookback range can also be displayed, highlighting recent support and resistance levels for added context.
Usage:
The Auto Fibonacci Mode indicator is designed for traders interested in Fibonacci retracement and extension levels, particularly those seeking automatic trend detection based on moving averages.
This indicator enables:
Automatic adjustment of Fibonacci levels based on selected moving average type.
Quick visualization of support and resistance areas without manual adjustments.
Analysis flexibility with customizable levels and color gradients for easier trend and reversal identification.
This tool is valuable for traders who rely on Fibonacci analysis and moving averages as part of their technical analysis strategy.
Important Note:
This script is provided for educational purposes and does not constitute financial advice. Traders and investors should conduct their research and analysis before making any trading decisions.
GibbsFunctional Categories
Time Management
Timezone Settings: Configurable to adjust for different global time zones (e.g., GMT, GMT+1).
Daily and Weekly Resets: Functions to detect new days and weeks, used to mark specific periods on the chart.
Session Range Calculation: Ability to determine timeframes in minutes, hours, days, weeks, and months for precise market analysis.
Day and Week Separators
Daily Separators: Option to display daily separators that demarcate different trading days on the chart.
Weekends Highlight: Automatically grays out weekends for easy visual distinction.
Trading Sessions
Custom Sessions: Display trading sessions, such as:
Kill Zones: Morning and afternoon trading zones with customizable time ranges and background highlights.
Asian Session: Highlights the Asian market hours with liquidity data.
Session Background: Customizable colors for different sessions to visually separate them on the chart.
Liquidity Management
High and Low Points: Tracks previous day and week high/low prices, marking them for reference.
Labeling: Uses labels and lines to indicate if significant liquidity levels have been breached.
Session Liquidity: Identifies areas where liquidity is likely to accumulate, marking high and low ranges for Asian, CBDR, and other sessions.
Session-Specific Features
CBDR (Central Bank Dealers Range): Marks specific ranges based on sessions relevant for market analysis.
Range Projections: Projects key levels based on the size of the CBDR range for additional price targets.
Previous Day CBDR: Option to display CBDR from the previous day, aiding in historical price movement analysis.
Header and Display Customization
Header Text: Customizable text for the indicator's header to provide a quick reference.
Table Management: Simple table for organizing and displaying important textual information.
This indicator is ideal for traders who focus on session-based strategies and wish to have comprehensive visibility of previous liquidity points, trading zones, and day/week high and low levels on their charts.
3 CANDLE SUPPLY/DEMANDExplanation of the Code:
Demand Zone Logic: The script checks if the second candle closes below the low of the first candle and the third candle closes above both the highs of the first and second candles.
Zone Plotting: Once the pattern is identified, a demand zone is plotted from the low of the first candle to the high of the third candle, using a dashed green line for clarity.
Markers: A small triangle marker is added below the bars where a demand zone is detected for easy visualization.
Efficient Logic: The script checks the conditions for demand zone formation for every three consecutive candles on the chart.
This approach should be both accurate and efficient in plotting demand zones, making it easier to spot potential support levels on the chart.
ICT Setup 02 [TradingFinder] Breaker Blocks + Reversal Candles🔵 Introduction
The "Breaker Block" concept, widely utilized in ICT (Inner Circle Trader) technical analysis, is a crucial tool for identifying reversal points and significant market shifts. Originating from the "Order Block" concept, Breaker Blocks help traders pinpoint support and resistance levels. These blocks are essential for understanding market trends and recognizing optimal entry and exit points.
A Breaker Block is essentially a failed Order Block that changes its role when price action breaks through it. When an Order Block fails to hold as a support or resistance level, it reverses its function, becoming a Breaker Block.
There are two primary types : Bullish Breaker Blocks and Bearish Breaker Blocks. These Breaker Blocks align with the prevailing market trend and indicate potential entry points after a liquidity sweep or a shift in market structure.
Understanding and applying the Breaker Block strategy enables traders to capitalize on the behavior of institutional investors, enhancing their trading outcomes.
Bullish Setup :
Bearish Setup :
🔵 How to Use
The ICT Setup 02 indicator designed to automate the identification of Bullish and Bearish Breaker Blocks. This tool enables traders to easily spot these blocks on a chart and utilize them for entering or exiting trades. Below is a breakdown of how to use this indicator in both bullish and bearish setups.
🟣 Bullish Breaker Block Setup
A Bullish Breaker Block setup is identified in an uptrend, where it serves as a potential entry point. This setup occurs when a Bearish Order Block fails and the price moves above the high of that Order Block. In this scenario, the previously bearish Order Block turns into a Bullish Breaker Block, which now acts as a support level for the price.
To trade a Bullish Breaker Block, wait for the price to retest this newly formed support level. Confirmation of the uptrend can be achieved by analyzing lower time frames for further market structure shifts or other bullish indicators.
A successful retest of the Bullish Breaker Block provides a high-probability entry point for a long trade, as it signals institutional support. Traders often place their stop-loss below the low of the Breaker Block zone to minimize risk.
🟣 Bearish Breaker Block Setup
A Bearish Breaker Block setup, conversely, is used in a downtrend to identify potential sell opportunities. This setup forms when a Bullish Order Block fails, and the price moves below the low of that Order Block.
Once this Order Block is broken, it reverses its role and becomes a Bearish Breaker Block, providing resistance to the price as it pushes downward. For a Bearish Breaker Block trade, wait for the price to retest this resistance level.
A confirmation of the downtrend, such as a market structure shift on a lower time frame or additional bearish signals, strengthens the setup. The Bearish Breaker Block retest provides an opportunity to enter a short position, with a stop-loss placed just above the high of the Breaker Block zone.
🔵 Settings
Pivot Period : This setting controls the look-back period used to identify pivot points that contribute to the detection of Order Blocks. A higher period captures longer-term pivots, while a lower period focuses on more recent price action. Adjusting this parameter allows traders to fine-tune the indicator to match their trading time frame.
Breaker Block Validity Period : This setting defines how long a Breaker Block remains valid based on the number of bars elapsed since its formation. Increasing the validity period keeps Breaker Blocks active for a longer duration, which can be useful for higher time frame analysis.
Mitigation Level BB : This option lets traders choose the level of the Order Block at which the price is expected to react. Options like "Proximal," "50% OB," and "Distal" adjust the zone where a reaction may occur, offering flexibility in setting up the entry and stop-loss levels.
Breaker Block Refinement : The refinement option refines the Breaker Block zone to display a more precise range for aggressive or defensive trading approaches. The "Aggressive" mode provides a tighter range for risk-tolerant traders, while the "Defensive" mode expands the zone for those with a more conservative approach.
🔵 Conclusion
The Breaker Block indicator provides traders with a sophisticated tool for identifying key reversal zones in the market. By leveraging Breaker Blocks, traders can gain insights into institutional order flow and predict critical support and resistance levels.
Using Breaker Blocks in conjunction with other ICT concepts, like Fair Value Gaps or liquidity sweeps, enhances the reliability of trading signals. This indicator empowers traders to make informed decisions, aligning their trades with institutional moves in the market.
As with any trading strategy, it is crucial to incorporate proper risk management, using stop-losses and position sizing to minimize potential losses. The Breaker Block strategy, when applied with discipline and thorough analysis, serves as a powerful addition to any trader’s toolkit.
MACD Histogram Fibonacci Retracement LevelsMACD Histogram Fibonacci Retracement Level s.
MACD Histogram Fibonacci Retracement Levels indicator considers the highest and lowest histogram bar levels from Intraday Day Open.
Fibonacci retracement levels 23.6%, 38.2%, 50%, 61.8%, and 78.6% are displayed for the Highest and Lowest histogram bar .As the day progress revised Fibonacci Retracement Levels are set in based on change in Highest and Lowest histogram bar levels.
Histogram bars positions are monitored vis a vis the Fibonacci Retracement Levels to plan the trade entry or exit as per MACD indicator.
MACD and Signal levels are opted out to get clear histogram bar image on chart. Input check in box is available to display MACD and signal lines at Users option.
A Histogram intraday average line (Histo Intra Avg) indicate the intraday average movement of histogram bars.
MACD Histogram Fibonacci Retracement Levels is very useful to know the level of upward and downward Histogram bar movements vis a vis Fibonacci Retracement Levels compared to general MACD Indicator Histogram levels.
DISCLAIMER: For educational and entertainment purpose only .Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security/ies or investment/s.
Dynamic Linear CandlesDynamic Linear Candles is a unique and versatile indicator that reimagines traditional candlestick patterns by integrating customizable moving averages directly into candle structures. This dynamic approach smooths the appearance of candlesticks to better highlight trends and suppress minor market noise, allowing traders to focus on essential price movements.
Key Features:
1. Dynamic Candle Smoothing: Choose between popular smoothing types (SMA, EMA, WMA, HMA) to apply directly to each candle’s Open, High, Low, and Close values. This adaptive smoothing reveals hidden trends by refining price action into simplified, flowing candles, ideal for spotting subtle changes in market sentiment.
2. Signal Line Overlay: The signal line provides an additional layer of trend confirmation. Select from SMA, EMA, WMA, or HMA smoothing to match your trading style. The line dynamically changes color based on the price’s relative position, helping traders quickly identify bullish or bearish shifts.
3. Enhanced Candle Visualization: Candles adjust in color and opacity based on bullish or bearish trends, providing immediate visual cues about market momentum. The customized color and opacity settings allow for clearer distinction, especially in noisy markets.
Why This Combination?
This script is more than just an aesthetic adjustment; it’s a purposeful combination of moving averages and candle smoothing designed to enhance readability and actionable insights. Traditional candles often suffer from excessive noise in volatile markets, and this mashup addresses that by creating a smooth, flowing chart that adapts to the underlying trend. The Signal Line adds confirmation, acting as a filter for potential entries and exits. Together, these elements serve as a concise toolset for traders aiming to capture trend-based opportunities with clarity and precision.
Global OECD CLI Diffusion Index YoY vs MoMThe Global OECD Composite Leading Indicators (CLI) Diffusion Index is used to gauge the health and directional momentum of the global economy and anticipate changes in economic conditions. It usually leads turning points in the economy by 6 - 9 months.
How to read: Above 50% signals economic expansion across the included countries. Below 50% signals economic contraction.
The diffusion index component specifically shows the proportion of countries with positive economic growth signals compared to those with negative or neutral signals.
The OECD CLI aggregates data from several leading economic indicators including order books, building permits, and consumer and business sentiment. It tracks the economic momentum and turning points in the business cycle across 38 OECD member countries and several other Non-OECD member countries.
US Presidents with Market Returns by Party (1910s-Present)Colored background for presidents by party affiliation with table displaying market returns for each US president and sum of total returns by party.
Weekly Range & Trend (Signed)Weekly Trend & Range is basically calculated every week.
It helps to get a broad idea whether coming week market can be directional , volatile or range bound action. So this helps me to get a hint which style of approach should be given more important on positional basis like directional or non-directional.
I mostly track in NSE:BANKNIFTY , NSE:NIFTY , BSE:SENSEX
For example:
Average range difference of past 4 weeks is bigger in compare to current week range difference means good chance for directional opportunities.
Average range difference of past 4 weeks is lesser in compare to current week range difference means good chance for non-directional opportunities.
Directional or Non-directional hint is been shown in terms of probability . So based on this i plan my week and trades.
Implied Fair Value Gap (IFVG) ICT [TradingFinder] Hidden FVG OTE🔵 Introduction
The Implied Fair Value Gap (IFVG) is distinctive due to its unique three-candlestick formation, which differentiates it from conventional Fair Value Gaps.
Implied fair value represents an estimated worth of an asset—often a business or its goodwill—based on the price likely to be received in a structured transaction between market participants at a specific point in time.
In the ever-evolving world of technical analysis, pinpointing price reversal points and market anomalies can significantly enhance trading strategies and decision-making for traders and investors. Among the advanced concepts gaining traction in this field is the Implied Fair Value Gap (IFVG), introduced by the renowned analyst Inner Circle Trader (ICT).
This tool has proven to be an effective method for identifying hidden supply and demand zones in financial markets, offering a unique edge to traders looking for high-probability setups.
Unlike traditional gaps that are visible on price charts, IFVG is a hidden gap that doesn’t appear explicitly on the chart and thus requires specialized technical analysis tools for accurate identification.
This hidden gap can signal potential price reversals and offers traders insight into high-liquidity areas where price is likely to react. This article will guide you through using the ICT Implied Fair Value Gap Indicator effectively, covering its settings, usage strategies, and key features to help you make informed decisions in the market.
🟣 Bullish Implied FVG
🟣 Bearish Implied FVG
🔵 How to Use
The IFVG indicator is designed to assist traders in recognizing hidden support and resistance zones by identifying Bullish and Bearish IFVG patterns. With this tool, traders can make better-informed decisions about suitable entry and exit points for their trades based on these patterns.
🟣 Bullish Implied Fair Value Gap
This pattern occurs in an uptrend when a large bullish candlestick forms, with the wicks of the previous and following candles overlapping the body of the central candlestick.
This overlap creates a demand zone or a hidden support level, which can act as an ideal entry point for buy trades. Often, when the price returns to this area, it is likely to resume its upward trend, presenting a profitable buying opportunity.
🟣 Bearish Implied Fair Value Gap
This pattern is similar but forms in downtrends. Here, a large bearish candlestick appears on the chart, with the wicks of adjacent candles overlapping its body. This overlap defines a supply zone or a hidden resistance level and serves as a signal for potential sell trades.
When the price returns to this zone, it often continues its downward trend, providing an optimal point for entering sell trades.
The IFVG indicator also includes various filters that traders can use to refine their analysis based on market conditions. These filters, including Very Aggressive, Aggressive, Defensive, and Very Defensive, allow users to customize the IFVG zones' width, offering flexibility according to the trader’s risk tolerance and trading style.
🟣 Example Trading Scenarios
Suppose you’re in a strong uptrend and the IFVG indicator identifies a Bullish IFVG zone. In this scenario, you could consider entering a buy trade when the price retraces to this zone, expecting the uptrend to resume. Conversely, in a downtrend, a Bearish IFVG zone can signal a favorable entry point for short trades when the price revisits this area.
🔵 Settings
Implied Block Validity Period: This parameter specifies the validity period of each identified block, taking into account the number of bars that have passed since its formation. Proper adjustment of this period helps traders focus only on relevant zones, increasing the accuracy of the analysis.
Mitigation Level OB : This option defines the mitigation level for supply and demand blocks (Order Blocks), with settings including Proximal, 50% OB, and Distal.
Depending on the selected level, the indicator will focus on closer, mid-range, or farther points for block identification, allowing traders to adjust for the level of precision required.
Implied Filter : Activating this filter allows traders to apply conditions based on the width of the IFVG zones. With options like Very Aggressive and Very Defensive, traders can control the width of IFVG zones to suit their risk management strategy—whether they prefer high-risk setups or low-risk setups.
Display and Color Settings : This section enables users to customize the appearance of the IFVG zones on their charts. Traders can set different colors for Bullish and Bearish zones, allowing for easier distinction and improved visualization.
Alert Settings : One of the standout features of the IFVG indicator is the alert system. By setting up alerts, users can be notified whenever the price approaches a demand or supply zone.
Alerts can be customized to trigger Once Per Bar (one alert per bar) or Per Bar Close (alert at the close of each bar), ensuring that traders stay updated on critical price movements without needing to monitor the chart continuously.
🔵 Conclusion
The ICT Implied Fair Value Gap (IFVG) indicator is a powerful and sophisticated tool in technical analysis, allowing professional traders to identify hidden supply and demand zones and use them as entry and exit points for buy and sell trades.
This indicator’s automatic detection of IFVG zones helps traders uncover hidden trading opportunities that can enhance their analysis.
While the IFVG indicator offers numerous advantages, it is important to use it in conjunction with other technical analysis tools and sound risk management practices.
IFVG alone does not guarantee profitability in trading; it works best when combined with other indicators such as volume analysis and trend-following indicators for a comprehensive trading strategy.
Ido strategy RSI Oversold with MACD Buy Signal Indicator
This indicator combines the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) to help identify potential buy signals based on oversold conditions and trend reversals. This script is designed for traders looking to identify entry points when an asset is likely undervalued (oversold) and showing bullish momentum.
How It Works
RSI Oversold Detection: The RSI measures the speed and change of price movements. This indicator flags when the RSI falls below 30, signaling that the asset may be oversold. The user can customize the RSI lookback period and the timeframe within which oversold conditions are considered relevant.
MACD Crossover: The MACD line crossing above the Signal line often indicates a shift to bullish momentum. In this script, a buy signal is generated when a MACD bullish crossover occurs after an RSI oversold condition has been met within a user-defined lookback window.
Buy Signal: A green triangle appears below the price chart each time both conditions are met—when the RSI has recently been in oversold territory and the MACD line crosses above the Signal line. This signal suggests that the asset may be positioned for a potential upward trend, providing a visual cue for entry points.
Customizable Settings
RSI Settings: Adjust the RSI source and period length.
MACD Settings: Customize the fast, slow, and signal lengths of the MACD to suit different market conditions.
Lookback Period: Define how many bars back to check for an RSI oversold condition before confirming a MACD crossover.
Visual Elements
Oversold Background Color: The background on the price chart is shaded red whenever the RSI is below 30.
Buy Signal: A green triangle is displayed on the chart to indicate a potential entry point when both conditions are met.
Alerts
This indicator includes optional alerts, allowing traders to receive notifications whenever the conditions for a buy signal are met, making it easier to monitor multiple assets and stay informed of trading opportunities.
This indicator is ideal for traders using a combination of momentum and trend reversal strategies, especially in volatile markets where oversold conditions often precede a trend change.
Cumulative Volume Delta Custom AlertDescription
This script calculates and visualizes the Cumulative Volume Delta (CVD) on multiple timeframes, enabling traders to monitor volume-based price action dynamics. The CVD is calculated based on up and down volume approximations and displayed as a candle plot, with color-coded alerts when significant changes occur.
Key Features:
Multi-Timeframe Analysis: The script uses a customizable anchor period and a lower timeframe for scanning, allowing it to capture more granular volume movements.
Volume-Based Trend Detection: Plots CVD candles with color indicators (teal for increasing volume delta, red for decreasing), helping traders to visually track volume trends.
Dynamic Alerts for Volume Shifts:
Triggers an alert when there is a significant (over 25%) change in CVD between consecutive periods.
The alert marker color adapts based on the current CVD value:
Blue when the current CVD is positive.
Yellow when the current CVD is negative.
Markers are placed above bars for volume increases and below for volume decreases, simplifying visual analysis.
Customizable Background Highlight: Adds a background highlight to emphasize significant CVD changes.
Use Cases:
Momentum Detection: Traders can use alerts on large volume delta changes to identify potential trend reversals or continuation points.
Volume-Driven Analysis: CVD helps distinguish buy and sell pressure across different timeframes, ideal for volume-based strategies.
How to Use
Add the script to your TradingView chart.
Configure the anchor and lower timeframes in the input settings.
Set up alerts to receive notifications when a 25% change in CVD occurs, with color-coded markers for easy identification.
Silen's EMA AreasAre you tired of reading candles? 🧨 Do you want to bring more meaning to your chart? 🧹
Then this is the script for you!
This script does:
- Add several meaningfully pre-configured EMA lines to your chart - up to EMA 300
- Colors the areas between EMA lines in 3d colors - green and red
- The Smaller the EMA, the firmer the color
- Highlights the EMA 300 in a golden color
What is the meaning of this?
Let me introduce a new word to you: EMA FOLDING .
Yes, you heard right. With this indicator you can see in 3D how EMA lines are folding above and below each other, indicating severe mood swings in the chart.
This helps you keep track of what your instrument is actually doing while it enables you to cancel out the noise and messyness of ordinary candles which can be quite random and hard to read.
Once an EMA is fully positive or negatively folded (all ema lines are green and above each other from largest EMA to smallest EMA and vice versa for negatively folded) you can be sure that you are in a Trend or certain mood (for higher timeframes, from 15mins on).
I don't ever want to read any chart without having this indicator on. Whenever I present charts to anybody I use this indicator - and the feedback is insanely positive. People tend to read and understand charts much better with this indicator than just staring at candles.
Why is this indicator different to other EMA indicators and should thereby not be deleted by the TradingView Team due to redundance with other EMA indicators?
- This is not a simple indicator for EMAs
- Rather, this is an indicator to better and easier read the whole chart
- You can detect mood swings very easily which is very hard to do with a normal EMA indicator
- I haven't found any EMA indicator on TradingView that does this job so i sincerely believe it is extremely unique
- I sincerely believe it can help people get a much better understanding of charts without actualy getting into details of EMA's or even needing to know what an EMA is.
This indicator isn't intended for trading purposes, rather it is intended to give you a better and easier understanding of the chart. Of course - you can also use it for your trading but like I said, that is not the primary intended purpose.
This indicator comes pre-configured with quite optimal values (in my opinion) but of course can be fully customized. 🧮
Test it for yourself!
XRP Comparative RSI Indicator - Final VersionXRP Comparative RSI Indicator - Final Version
The XRP Comparative RSI Indicator offers a dynamic analysis of XRP’s market positioning through relative strength index (RSI) comparisons across various cryptocurrencies and major market indicators. This indicator allows traders and analysts to gauge XRP’s momentum and potential turning points within different market conditions.
Key Features:
• Normalized RSIs: Each RSI value is normalized between 0.00 and 1.00, allowing seamless comparison across multiple assets.
• Grouped Analysis: Three RSI groups provide specific insights:
• Group 1 (XRP-Specific): Measures XRPUSD, XRP Dominance (XRP.D), and XRP/BTC, focusing on XRP’s performance across different trading pairs.
• Group 2 (Market Influence - Bitcoin): Measures BTCUSD, BTC Dominance (BTC.D), and XRP/BTC, capturing the influence of Bitcoin on XRP.
• Group 3 (Liquidity Impact): Measures USDT Dominance (USDT.D), BTCUSD, and ETHUSD, evaluating the liquidity impact from key assets and stablecoins.
• Individual Asset RSIs: Track the normalized RSI for each specific pair or asset, including XRPUSD, BTCUSD, ETHUSD, XRP/BTC, BTC Dominance, ETH Dominance, and the S&P 500.
• Clear Color Coding: Each asset’s RSI is plotted with a unique color scheme, consistent with the first indicator, for easy recognition.
This indicator is ideal for identifying relative strengths, potential entry and exit signals, and understanding how XRP’s momentum aligns or diverges from broader market trends.
Previous Day High/Low ±0.5%The simple script was written for the educational purposes, to check if the simple system can help to hedge your strategic portfolio. Mainly works with Indexes (tested on IRUS). You can optimize strategy by changing the % in the pine code. Working mainly on D timeframe.
Current script gives you the lines on the graph, you should check if the current day close price is above the high line - buy, if below - close your buy, or reverce your position to sell, if you go in short.
