BS | Buy&Sell Signals With EMAKey Features:
EMA Intersections: Generates clear buy and sell signals based on predefined EMA crossings.
5 EMA Lines: Visualize market trends with five distinct EMA lines plotted on the chart.
Support and Resistance Levels: Easily identify crucial support and resistance levels with our integrated marker.
Comprehensive Indicator Panel: At the bottom of the chart, track Stochastic, RSI, Supertrend, and SMA across multiple timeframes (1m, 5m, 15m, 1H, 4H, Daily, Weekly).
Fully Customizable: Almost every indicator within the tool is adjustable to suit your preferences and trading style.
Alarm Feature: Set up alarms to stay informed of important market movements.
Unlock the full potential of your trading strategy with BS | Buy&Sell Signals With EMA. Customize, analyze, and trade with confidence.
created by @bahadirsezer
مؤشر القوى النسبية
Fake Double ReserveThis Pine Script code implements the "Fake Double Reserve" indicator, combining several widely-used technical indicators to generate Buy and Sell signals. Here's a detailed breakdown:
Key Indicators Included
Relative Strength Index (RSI):
Used to measure the speed and change of price movements.
Overbought and oversold levels are set at 70 and 30, respectively.
MACD (Moving Average Convergence Divergence):
Compares short-term and long-term momentum with a signal line for trend confirmation.
Stochastic Oscillator:
Measures the relative position of the closing price within a recent high-low range.
Exponential Moving Averages (EMAs):
EMA 20: Short-term trend indicator.
EMA 50 & EMA 200: Medium and long-term trend indicators.
Bollinger Bands:
Shows volatility and potential reversal zones with upper, lower, and basis lines.
Signal Generation
Buy Condition:
RSI crosses above 30 (leaving oversold territory).
MACD Line crosses above the Signal Line.
Stochastic %K crosses above %D.
The closing price is above the EMA 50.
Sell Condition:
RSI crosses below 70 (leaving overbought territory).
MACD Line crosses below the Signal Line.
Stochastic %K crosses below %D.
The closing price is below the EMA 50.
Visualization
Signals:
Buy signals: Shown as green upward arrows below bars.
Sell signals: Shown as red downward arrows above bars.
Indicators on the Chart:
RSI Levels: Horizontal dotted lines at 70 (overbought) and 30 (oversold).
EMAs: EMA 20 (green), EMA 50 (blue), EMA 200 (orange).
Bollinger Bands: Upper (purple), Lower (purple), Basis (gray).
Labels:
Buy and Sell signals are also displayed as labels at relevant bars.
//@version=5
indicator("Fake Double Reserve", overlay=true)
// Include key indicators
rsiLength = 14
rsi = ta.rsi(close, rsiLength)
macdFast = 12
macdSlow = 26
macdSignal = 9
= ta.macd(close, macdFast, macdSlow, macdSignal)
stochK = ta.stoch(close, high, low, 14)
stochD = ta.sma(stochK, 3)
ema20 = ta.ema(close, 20)
ema50 = ta.ema(close, 50)
ema200 = ta.ema(close, 200)
bbBasis = ta.sma(close, 20)
bbUpper = bbBasis + 2 * ta.stdev(close, 20)
bbLower = bbBasis - 2 * ta.stdev(close, 20)
// Detect potential "Fake Double Reserve" patterns
longCondition = ta.crossover(rsi, 30) and ta.crossover(macdLine, signalLine) and ta.crossover(stochK, stochD) and close > ema50
shortCondition = ta.crossunder(rsi, 70) and ta.crossunder(macdLine, signalLine) and ta.crossunder(stochK, stochD) and close < ema50
// Plot signals
if (longCondition)
label.new(bar_index, high, "Buy", style=label.style_label_up, color=color.green, textcolor=color.white)
if (shortCondition)
label.new(bar_index, low, "Sell", style=label.style_label_down, color=color.red, textcolor=color.white)
// Plot buy and sell signals as shapes
plotshape(longCondition, style=shape.labelup, location=location.belowbar, color=color.green, size=size.small, title="Buy Signal")
plotshape(shortCondition, style=shape.labeldown, location=location.abovebar, color=color.red, size=size.small, title="Sell Signal")
// Plot indicators
plot(ema20, color=color.green, linewidth=1, title="EMA 20")
plot(ema50, color=color.blue, linewidth=1, title="EMA 50")
plot(ema200, color=color.orange, linewidth=1, title="EMA 200")
hline(70, "Overbought (RSI)", color=color.red, linestyle=hline.style_dotted)
hline(30, "Oversold (RSI)", color=color.green, linestyle=hline.style_dotted)
plot(bbUpper, color=color.purple, title="Bollinger Band Upper")
plot(bbLower, color=color.purple, title="Bollinger Band Lower")
plot(bbBasis, color=color.gray, title="Bollinger Band Basis")
BS | Buy&Sell Signals With EMAKey Features:
EMA Intersections: Generates clear buy and sell signals based on predefined EMA crossings.
5 EMA Lines: Visualize market trends with five distinct EMA lines plotted on the chart.
Support and Resistance Levels: Easily identify crucial support and resistance levels with our integrated marker.
Comprehensive Indicator Panel: At the bottom of the chart, track Stochastic, RSI, Supertrend, and SMA across multiple timeframes (1m, 5m, 15m, 1H, 4H, Daily, Weekly).
Fully Customizable: Almost every indicator within the tool is adjustable to suit your preferences and trading style.
Alarm Feature: Set up alarms to stay informed of important market movements.
Unlock the full potential of your trading strategy with BS | Buy&Sell Signals With EMA. Customize, analyze, and trade with confidence.
created by @bahadirsezer
AVP 259 alertsits a mixture of indicators that merges the famous indicators in one single form to easily get explained with their study and mastery
Relative Strength Index with MA Strategy [QuocMinhOfficial}Giải thích các thay đổi:
Định nghĩa Tín hiệu Mua (Buy) và Bán (Sell):
Buy: Sử dụng hàm Cross(rsiMA2, rsiMA3) để xác định khi đường RSI MA2 cắt lên trên đường RSI MA3.
Sell: Sử dụng hàm Cross(rsiMA3, rsiMA2) để xác định khi đường RSI MA2 cắt xuống dưới đường RSI MA3.
Điều chỉnh Filter:
Ban đầu, trong code của bạn có Filter = Buy AND Sell; điều này luôn luôn sai vì một giao dịch không thể vừa mua vừa bán cùng một lúc. Thay vào đó, chúng ta sử dụng Filter = Buy OR Sell; để lọc các giao dịch mua và bán riêng biệt.
Thêm Các Cột Hiển Thị (Tu yong):
Sử dụng AddColumn để hiển thị các giá trị RSI và các đường MA tương ứng trong kết quả backtest, giúp bạn dễ dàng theo dõi và phân tích.
Ghi chú:
Nếu bạn muốn thêm các điều kiện bổ sung cho tín hiệu mua bán (ví dụ: chỉ mua khi RSI trên 50), bạn có thể kết hợp các điều kiện bằng toán tử AND hoặc OR như trong ví dụ đã thêm.
Hãy đảm bảo rằng bạn kiểm tra lại logic và kết quả backtest để xác nhận rằng tín hiệu mua bán hoạt động như mong đợi.
Multi EMA + Timeframe + RSI levelsThis indicator was created to make life easier for all traders, including the main market indicators, such as EMAs 12, 26 and 200 + respective EMAs in higher time frames, and complemented with RSI Levels that vary from overbought 70 - 90 and oversold 30 - 10.
The Indicator can be configured to make the chart cleaner according to your wishes.
If you liked this indicator and would like to contribute to keeping it updated or creating new indicators, feel free to share any value or crypto coin: 0x9a797cd5351c249810f2a52f7459770fb96bb347
RSI Comparison Signals with DifferenceRSI Comparison Signals with Difference
RSI Comparison Signals with Difference
SINAL EMA/RSI/VOL + EMA com TimeframeMédias Moveis 9,14,21,200
Sinais RSI sobrecomprado e sobrevendido
Sinal candle dobro de Volume
MACD & RSI by DSzMACD & RSI by DSz
Description:
This indicator combines two powerful technical analysis tools: MACD (Moving Average Convergence Divergence) and RSI (Relative Strength Index), providing a comprehensive view of market momentum and overbought/oversold conditions, all in one convenient display.
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Features:
MACD (Moving Average Convergence Divergence ):
Displays the difference between fast and slow moving averages.
Includes a signal line and histogram to identify bullish/bearish crossovers and momentum changes.
Colors the histogram bars dynamically based on momentum.
Scaled RSI (Relative Strength Index):
RSI values are scaled to a range for enhanced clarity on the chart.
Highlights overbought and oversold areas with colored zones.
Includes customizable upper (Sell Level) and lower (Buy Level) thresholds for precise trading signals.
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Customizable Parameters:
Modify MACD lengths, smoothing types, and source data.
Adjust RSI length, scaling factor, and thresholds for buy/sell levels.
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How to Use :
Use the MACD Histogram to detect trends and momentum shifts. A crossover of the MACD line above or below the signal line can indicate potential buy or sell opportunities.
The RSI Zones help identify when the market is overbought (red area) or oversold (green area), aiding in reversal detection.
Combine both tools for confirmation: e.g., an oversold RSI along with a bullish MACD crossover could signal a strong buying opportunity.
Relative Performance Indicator by ComLucro - 2025_V01The "Relative Performance Indicator by ComLucro - 2025_V01" is a powerful tool designed to analyze an asset's performance relative to a benchmark index over multiple timeframes. This indicator provides traders with a clear view of how their chosen asset compares to a market index in short, medium, and long-term periods.
Key Features:
Customizable Lookback Periods: Analyze performance across three adjustable periods (default: 20, 50, and 200 bars).
Relative Performance Analysis: Calculate and visualize the difference in percentage performance between the asset and the benchmark index.
Dynamic Summary Label: Displays a detailed breakdown of the asset's and index's performance for the latest bar.
User-Friendly Interface: Includes customizable colors and display options for clear visualization.
How It Works:
The script fetches closing prices of both the asset and a benchmark index.
It calculates percentage changes over the selected lookback periods.
The indicator then computes the relative performance difference between the asset and the index, plotting it on the chart for easy trend analysis.
Who Is This For?:
Traders and investors who want to compare an asset’s performance against a benchmark index.
Those looking to identify trends and deviations between an asset and the broader market.
Disclaimer:
This tool is for educational purposes only and does not constitute financial or trading advice. Always use it alongside proper risk management strategies and backtest thoroughly before applying it to live trading.
Chart Recommendation:
Use this script on clean charts for better clarity. Combine it with other technical indicators like moving averages or trendlines to enhance your analysis. Ensure you adjust the lookback periods to match your trading style and the timeframe of your analysis.
Additional Notes:
For optimal performance, ensure the benchmark index's data is available on your TradingView subscription. The script uses fallback mechanisms to avoid interruptions when index data is unavailable. Always validate the settings and test them to suit your trading strategy.
RSI Underlay ZoneThe RSI with Highlights indicator offers traders a clear visualization of the Relative Strength Index (RSI) while emphasizing critical crossover points at levels 40 and 60. This tool is designed to assist in identifying potential buy and sell signals based on RSI movements.
RSI with HighlightsThe Custom RSI with Highlights indicator is a powerful tool designed for traders who want to analyze market momentum using the Relative Strength Index (RSI). This indicator features both an overlay RSI on the price chart and an underlay RSI in a separate pane, providing a comprehensive view of market conditions. The indicator highlights key breakout and breakdown levels, enabling traders to make informed decisions based on RSI movements.
RSI Convergence DivergenceRSI based oscillator inspired by the MACD.
Indicator that consists of two RSI calibrated at different lengths to take advantage of their convergence, divergence, overall direction, overall strength and several other metrics to extract signals from the price action.
This indicator includes:
- Fast RSI
- Slow RSI
- Signal line to identify convergence/divergence
- Simple moving average applied to the average of the two RSI
- DEMA applied to the average of the two RSI
- An average moving average of the SMA and DEMA
Some of the applications of this indicator:
- Simple convergence/divergence signaled by the moving average going above or below zero.
- Crossover between SMA and DEMA
- Combination of convergence/divergence and one of the 3 MAs reaching overbought or oversold threshold
- Average moving average going above or below 50
The combinations of different conditions are countless and limited only by the imagination of the user.
The visualization inputs, besides allowing to choose the candle coloring, give the user the ability to keep the chart clean and only see the signals he is interested into.
RSI Zone - RehmanThe "Custom RSI with Editable Zones" indicator is a powerful tool designed for traders seeking to enhance their technical analysis using the Relative Strength Index (RSI). This indicator not only calculates the RSI but also visually segments the RSI values into distinct market conditions, allowing for quick and informed trading decisions.
AI InfinityAI Infinity – Multidimensional Market Analysis
Overview
The AI Infinity indicator combines multiple analysis tools into a single solution. Alongside dynamic candle coloring based on MACD and Stochastic signals, it features Alligator lines, several RSI lines (including glow effects), and optionally enabled EMAs (20/50, 100, and 200). Every module is individually configurable, allowing traders to tailor the indicator to their personal style and strategy.
Important Note (Disclaimer)
This indicator is provided for educational and informational purposes only.
It does not constitute financial or investment advice and offers no guarantee of profit.
Each trader is responsible for their own trading decisions.
Past performance does not guarantee future results.
Please review the settings thoroughly and adjust them to your personal risk profile; consider supplementary analyses or professional guidance where appropriate.
Functionality & Components
1. Candle Coloring (MACD & Stochastic)
Objective: Provide an immediate visual snapshot of the market’s condition.
Details:
MACD Signal: Used to identify bullish and bearish momentum.
Stochastic: Detects overbought and oversold zones.
Color Modes: Offers both a simple (two-color) mode and a gradient mode.
2. Alligator Lines
Objective: Assist with trend analysis and determining the market’s current phase.
Details:
Dynamic SMMA Lines (Jaw, Teeth, Lips) that adjust based on volatility and market conditions.
Multiple Lengths: Each element uses a separate smoothing period (13, 8, 5).
Transparency: You can show or hide each line independently.
3. RSI Lines & Glow Effects
Objective: Display the RSI values directly on the price chart so critical levels (e.g., 20, 50, 80) remain visible at a glance.
Details:
RSI Scaling: The RSI is plotted in the chart window, eliminating the need to switch panels.
Dynamic Transparency: A pulse effect indicates when the RSI is near critical thresholds.
Glow Mode: Choose between “Direct Glow” or “Dynamic Transparency” (based on ATR distance).
Custom RSI Length: Freely adjustable (default is 14).
4. Optional EMAs (20/50, 100, 200)
Objective: Utilize moving averages for trend assessment and identifying potential support/resistance areas.
Details:
20/50 EMA: Select which one to display via a dropdown menu.
100 EMA & 200 EMA: Independently enabled.
Color Logic: Automatically green (price > EMA) or red (price < EMA). Each EMA’s up/down color is customizable.
Configuration Options
Candle Coloring:
Choose between Gradient or Simple mode.
Adjust the color scheme for bullish/bearish candles.
Transparency is dynamically based on candle body size and Stochastic state.
Alligator Lines:
Toggle each line (Jaw/Teeth/Lips) on or off.
Select individual colors for each line.
RSI Section:
RSI Length can be set as desired.
RSI lines (0, 20, 50, 80, 100) with user-defined colors and transparency (pulse effect).
Additional lines (e.g., RSI 40/60) are also available.
Glow Effects:
Switch between “Dynamic Transparency” (ATR-based) and “Direct Glow”.
Independently applied to the RSI 100 and RSI 0 lines.
EMAs (20/50, 100, 200):
Activate each one as needed.
Each EMA’s up/down color can be customized.
Example Use Cases
Trend Identification:
Enable Alligator lines to gauge general trend direction through SMMA signals.
Timing:
Watch the Candle Colors to spot potential overbought or oversold conditions.
Fine-Tuning:
Utilize the RSI lines to closely monitor important thresholds (50 as a trend barometer, 80/20 as possible reversal zones).
Filtering:
Enable a 50 EMA to quickly see if the market is trading above (bullish) or below (bearish) it.
Max The Minner: RSI Bands with Min/Max [by Oberlunar]This Pine Script, titled "Max The Minner: RSI Bands with Min/Max " is a technical indicator designed to visualize RSI-based dynamic bands with local minimum and maximum levels on a chosen timeframe. The script incorporates user-configurable parameters for RSI thresholds, resolution, and color settings, providing traders with a highly customizable tool for analyzing price behavior in relation to overbought and oversold conditions.
Core Functionality
The script begins by calculating the RSI (Relative Strength Index) using user-defined inputs for overbought and oversold levels, the RSI length, and the resolution (default set to daily). The RSI is computed through an exponential moving average (EMA) approach that smooths the upward and downward price movements, creating adaptive upper (ub) and lower (lb) bands based on the overbought and oversold thresholds.
These bands are then dynamically adjusted based on the current price (src) and the EMA calculations. The upper band (ub) represents a potential resistance zone aligned with the RSI overbought level, while the lower band (lb) represents a support zone aligned with the RSI oversold level. The script employs additional calculations to ensure the adaptive nature of these bands, depending on whether the RSI is pushing higher or lower relative to its thresholds.
Local Minima and Maxima
A key feature of the indicator is its ability to track and update local minima and maxima based on the chosen timeframe. The script uses a buffer system that refreshes these levels every three bars to smooth out noise and avoid excessive sensitivity to short-term fluctuations. These local extrema (localMin and localMax) are retrieved from the lower and upper prices of the selected timeframe and act as dynamic benchmarks for evaluating the RSI bands.
Conditional Logic
The script includes conditional logic to determine when the RSI bands intersect with or approach the local maxima or minima. For example:
The upper band (ub) is plotted only if it is below the local maximum, suggesting that price may encounter resistance.
Similarly, the lower band (lb) is plotted only if it is above the local minimum, indicating potential support.
This logic ensures that the bands are contextually relevant to the prevailing market structure, rather than being static overlays.
Visualization
The RSI bands and local extrema are plotted on the chart using color-coded lines, with transparency adjustable through user inputs. The upper band and local maximum are linked with a fill area, visually representing the resistance zone. Similarly, the lower band and local minimum are filled to highlight the support zone. These fills provide a clear depiction of price boundaries, making it easier for traders to spot key levels.
Additionally, the script marks breakout conditions. If the price exceeds the local maximum, a label is plotted at the breakout point with a distinctive style and color. Similarly, a breakout below the local minimum is labeled, providing a visual cue for significant price movements.
Customization
The script offers extensive customization options for both functionality and appearance:
Users can define the overbought and oversold levels for RSI, along with the RSI length and the resolution (timeframe).
Colors for the upper and lower bands, along with transparency (alpha) levels, can be adjusted, allowing for seamless integration with different chart styles.
The periodicity of the local minima and maxima updates is hardcoded to three bars but could be further parameterized for greater flexibility.
This indicator is particularly useful for traders who rely on RSI-based strategies and need a dynamic representation of overbought and oversold conditions in conjunction with local price extremes. By combining RSI bands with the context provided by local minima and maxima, it allows traders to:
Identify potential support and resistance levels.
Visualize price behavior relative to RSI thresholds.
Spot breakout opportunities when price exceeds predefined levels.
Dual Spectrum RSI [CHE]Dual Spectrum RSI Indicator
Introduction
The Dual Spectrum RSI Indicator is an innovative and robust tool designed for traders aiming to enhance their market analysis and trading precision. This script leverages multi-timeframe analysis, advanced RSI configurations, and customizable visualization options to provide actionable insights for both trend-following and contrarian strategies.
Key Features
1. Dynamic Timeframe Selection
- Automatically adapts the resolution based on the current chart's timeframe.
- Options to switch between Auto Timeframe, Multiplier-based Timeframe, or Manual Resolution for complete control.
2. Advanced RSI Calculations
- Dual RSI setup for multi-layered analysis:
- Primary RSI for trend identification on the higher timeframe (HTF).
- Secondary RSI for entry signals with oversold/overbought crossovers on the current chart timeframe.
3. EMA Integration on Higher Timeframe (HTF)
- The Exponential Moving Average (EMA) acts as a robust trend filter, calculated on the Higher Timeframe (HTF).
- This ensures that trade signals align with the broader market trend, providing a strategic edge and reducing noise from lower timeframes.
4. Signal Clarity
- Visual labels for Buy and Sell signals directly on the chart.
- Dynamic stop-loss suggestions that adjust based on EMA crossovers and trend changes.
5. Customizable Visualization
- Gradient fills for overbought/oversold zones provide intuitive visual cues.
- User-friendly inputs for adjusting separator lines, color schemes, and label styles.
6. Comprehensive Data Display
- Real-time updates in an Info Box, showing active timeframe settings and resolution.
- Easy-to-understand trend conditions, making it accessible for both novice and professional traders.
Benefits for Traders
1. Precision in Decision-Making
The multi-timeframe capability ensures that traders always have the broader market context, minimizing false signals and enhancing trade accuracy.
2. Flexibility and Customization
Fully adjustable parameters allow traders to tailor the indicator to their unique trading style, whether scalping, day trading, or swing trading.
3. Enhanced Market Insights
By combining HTF trend filters, RSI dynamics, and EMA thresholds, this indicator provides a holistic view of market conditions.
4. User-Friendly Interface
The clean layout and intuitive options make it easy to integrate this tool into any TradingView setup.
5. Increased Confidence in Trades
With visual aids such as labels, gradients, and a trend-detection mechanism, traders can make decisions with greater confidence and less emotional bias.
Example Use Cases
1. Trend-Following Strategy
- Utilize the HTF EMA filter to confirm bullish or bearish trends.
- Enter trades when the secondary RSI crosses oversold/overbought levels in the direction of the trend.
2. Reversal Strategy
- Identify overextended trends using RSI crossovers.
- Look for counter-trend opportunities with precise stop-loss placements.
3. Scalping Setup
- Switch to intraday timeframes and use the multiplier-based resolution to capture short-term market movements.
How to Use
1. Add the script to your TradingView chart by pasting the provided Pine Script code into the Pine Editor.
2. Adjust the Timeframe Type, RSI parameters, and EMA length to align with your trading goals.
3. Monitor the generated signals and use them in conjunction with your broader trading strategy.
Disclaimer
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
Conclusion
The Dual Spectrum RSI Indicator is not just another technical tool—it's a comprehensive trading companion that adapts to your needs, simplifies market analysis, and boosts your trading performance. Whether you're a beginner or a seasoned trader, this indicator provides the edge you need to succeed in today's dynamic markets.
Try It Today!
Experience the power of multi-timeframe analysis and take your trading to the next level. Add the Dual Spectrum RSI Indicator to your TradingView arsenal now!
Best regards
Chervolino
GocchiMulti-Indicator: RSI & Moving Averages
This versatile TradingView indicator combines two essential tools for technical analysis—Relative Strength Index (RSI) and Moving Averages (MAs)—into one comprehensive solution. It is designed for traders seeking flexibility, customization, and efficiency in their charting experience.
Features:
Relative Strength Index (RSI):
Customizable RSI length.
Adjustable overbought and oversold levels.
Selectable source input (e.g., close, open, high, low).
Visual levels for overbought and oversold zones, aiding in quick trend and momentum identification.
Three Moving Averages:
Three independently customizable moving averages.
Options for Simple Moving Average (SMA) or Exponential Moving Average (EMA) for each line.
Adjustable lengths for short-, medium-, and long-term trend tracking.
Visual Enhancements:
Clear, color-coded plots for RSI and each moving average.
Overbought and oversold zones are highlighted with horizontal dotted lines.
Alerts:
Get notified when RSI crosses above the overbought level or below the oversold level.
Alerts help traders stay on top of potential market reversals or breakout opportunities.
Use Cases:
RSI Analysis: Spot overbought or oversold conditions to identify potential reversals.
Trend Following: Use moving averages to confirm trends or identify crossovers for potential entry and exit points.
Custom Strategies: Tailor the settings to fit specific trading styles, such as scalping, swing trading, or long-term investing.
This all-in-one indicator streamlines your analysis by reducing the need for multiple overlays, making your charts cleaner and more actionable. Whether you're a novice or an experienced trader, this tool provides the flexibility and insights you need to succeed in any market condition.
Multi-Indicator: RSI & Moving AveragesMulti-Indicator: RSI & Moving Averages
Multi-Indicator: RSI & Moving Averages
Multi-Indicator: RSI & Moving Averages
HMA Profit Manager - V1.9Note : Settings should be adjusted according to the selected time frame. Try to find the best setting according to the profitability rate
Overall Functionality
This script combines several trading tools to create a comprehensive system for trend analysis, trade execution, and performance tracking. Users can identify market trends using specific moving averages and RSI indicators while managing profit and loss levels automatically.
Trend Detection and Trade Signals
Hull Moving Averages (HMA):
Two HMAs (a faster one and a slower one) are used to determine the market trend.
A buy signal is generated when the faster HMA crosses above the slower HMA.
Conversely, a sell signal is triggered when the faster HMA crosses below the slower one.
Visual Feedback:
Trend lines on the chart change color to reflect the trend direction (e.g., green for upward trends and red for downward trends).
Trade Levels and Management
Entry, Take-Profit, and Stop-Loss Levels:
When the trend shifts upwards, the script calculates entry, take-profit, and stop-loss levels based on the opening price.
Similarly, for downward trends, these levels are determined for short trades.
Commission Tracking:
Each trade includes a commission cost, which is factored into net profit and loss calculations.
Dynamic Labels:
Entry, take-profit, and stop-loss levels are visually marked on the chart for easier tracking.
Performance Tracking
Profit and Loss Tracking:
The script keeps a running total of profits, losses, and commissions for both long and short trades.
It also calculates the net profit after all costs are considered.
Performance Table:
A table is displayed on the chart summarizing:
The number of trades.
Total profit and loss for long and short positions.
Commission costs.
Net profit.
Fractal Support and Resistance
Dynamic Lines:
The script identifies the most recent significant highs and lows using fractals.
It draws support and resistance lines that automatically update as new fractals form.
Simplified Visuals:
The chart always shows the last two support and resistance lines, keeping the visualization clean and focused.
RSI-Based Signals
Overbought and Oversold Levels:
RSI is used to identify overbought (above 80) and oversold (below 20) conditions.
The script generates buy signals at oversold levels and sell signals at overbought levels.
Chart Indicators:
Arrows and labels appear on the chart to highlight these RSI-based opportunities.
Customization
The script allows users to customize key parameters such as:
Moving average lengths for trend detection.
Take-profit and stop-loss percentages.
Timeframes for backtesting.
Starting capital and commission rates.
Conclusion
This script is a versatile tool for traders, combining trend detection, automated trade management, and visual feedback. It simplifies decision-making by providing clear signals and tracking performance metrics, making it suitable for both beginners and experienced traders.
* The most recently drawn fractals represent potential support and resistance levels. If the price aligns with these levels at the time of entering a trade, it may indicate a likelihood of reversal. In such cases, it’s advisable to either avoid entering the trade altogether or proceed with increased caution.
EMA MTF Crossover [Two]1m = Scalping Trade 3% chart
Đ = Đảo chiều xu hướng = Swing Trade 5% chart
T = Tiếp diễn xu hướng = Scalp Trade 5% chart