Joint Conditions Strategy Suite + TradingConnector alerts bot"Please give us combined alerts with the possibility of having several conditions in place to trigger the alert." - was the top voted request from users under one of the recent blogposts by TradingView.
Ask and you shall receive ;)
TradingView is a great platform, with unmatched set of functionalities, yet this particular combo of features indeed seems not to be in place. Fortunately, TradingView is also very open platform, thanks to PineScript coding language, which enables developing combos like the requried one and plenty of other magic.
I have already published numerous "educational" scripts, showing how to code indicators and alerts with PineScript, but... this is not one of them. This one is for real. READY FOR USE on real markets, also by the non-coding traders. Just take my script, set parameters with dropdowns, backtest the strategy, fire the alerts and execute them.
HOW TO USE IT
In "Settings" popup I tried to mimic the CreateAlert popup dropdowns for selecting logic. Let's say you want to enter Long position at Stochastic KxD crossover. In first line of Long Entry conditions set "StochK" + "Crossing Up" + "StochD". Last field doesn't matter because in 3rd dropdown something else than "value" was selected. In second line you could set "maB" + "Greater Than" + "maC" to filter out those entries which are in direction of the uptrend. And yeah, add ADX>25 to make sure the market is actually moving: "ADX" + "Greater Than" + "value" + "25". All condition lines must be TRUE (or skipped) for the entry to be triggered. Toghether with an alert.
The same for Short entries. Combinations are limitless.
INDICATORS AND MTF (MULTI-TIMEFRAME)
In those dropdowns you can select candle values like open/close/high/low/ohlc4, but also some most popular indicators, which I have pre-built into this script: RSI, various Moving Averages, ADX-DMI, Stochastic and Bollinger Bands for start. You can configure parameters of those indicators also in "Settings" popup, in "Indicator Definitions" section. What's important, you can use any of these indicators from higher timeframe, setting MTF multiplier. So if you applied this indicator to 1h chart, but want to use rsi(close,14) from 4h chart, set MTF to 4. If you want to use current timeframe indicators, keep MTF at 1, which is a default setting here.
Note for coders: to keep focus of this script on joining conditions, entire logic for those indicators has been moved to external library, also open source. I encourage you to dig into the code and see how it's done. I love the addition of libraries concept in PineScript.
CUSTOM INDICATOR
Following the "openness" spirit of my master - which is TradingView itself - my work is also open, in 2 ways:
1. This script is open source. So you can grab it, modify or add any functionalities you want. I cannot and don't want to stop you from doing that. I'm asking for only one favor - please mention this source script in your credits.
2. You can import the plot (series) from any other indicator on TradingView. In Settings popup of my script, scroll down to "Indicator Definitions" section, and select the series of your choice in the first dropdown. Now it is ready to use in conditions dropdowns on top of the Settings popup.
Let me give you an example of that last scenario. Take another script of mine, "Pivot Points on SR lines DEMO". You can find it in "Indicators & Strategies" library or here: (). Attach it to your chart. Now come back to THIS script, open Settings popup and in "Custom Indicator aka Imported Source" select "Pivot Points on SR lines: ...". The way it works - it detects if a pivot point happened on Support/Resistance line from the past and returns 1 for PivotLow and -1 for Pivot High. Now in first Long Entry condition set: "custom indicator" + "Greater Than" + "value" + "0" and long entries will be marked on every pivot low noticed on Support/Resistance line.
ALERTS
Last but not least - the alerts. This script produces alerts on the entries calculated by strategy logic, as marked on the chart by the backtester. Moreover, syntax of those alerts is already prepared and fully compatible with TradingConnector - alerts executing tool (bot), if you want to auto-execute those trades. Apart from installing the tool, you need to set
up the alerts in TradingView, here is how:
open CreateAlert popup
in first dropdown select "Joint Conditions Strategy Template"
in second dropdown select "alert() function calls only"
And that's all. You only need to set one alert for the whole script, not one for Longs and one for Shorts as it was in the past. Also, you don't need to setup closing alerts, because stop-loss/take-profit/trailing-stop information is embedded in the entry alert so your broker receives it as early as possible. Alerts sent will look like this: "long sl=40 tp=80", which is exactly what TradingConnector expects.
Phew, that's all folks. If you think I should add something to this template (maybe other indicators?) please let me know in comments or via DM. Happy trading!
P.S. Pyramiding is not supported in this script.
Disclaimer : I'm not saying above combination of conditions will make you money. Actually none of this can be considered financial advice. It is only a software tool. Use it wisely, be aware of the risk and do your own research!
ابحث في النصوص البرمجية عن "tradingview+筹码结构"
FOMO DRIVEN DEVELOPMENT OPTIONS RETICLE Options Reticle caters to degenerate traders and gamblers worldwide, reaching out for long distant contract expiration and just OTM strike placement.
Generate the overlay yourself using the tradingview-options-reticle CLI tool found on GitHub.
The Options Reticle provides a targeting system overlay that will show a horizontal OTM strike price and verticle expiration target. If you're thinking as soon as the expiration date has passed, this overlay will be useless; you're right but, you can use the options-reticle CLI tool to generate a new overlay from a watchlist exported from TradingView.
OVERLAY FEATURES:
Quick Action PUT (QAP) Mode - When you flip the chart by adding a 0- in front of the symbol, you will see the PUT contract target. Strike Price / Expiration Crosshairs.
Fill Mode - Shows a fill between the historical price and the target strike price. It will show green when ITM and red when OTM. Target information panel - Shows the company name, days till expiration, month and day of expiration, strike price, dollars OTM or ITM, and the contract type.
Emotion Indicator - Shows an exact representation of your feelings based on if you were in the trade. It has an accuracy of 99.9 percent.
QUICK ACTION PUT (QAP) MODE :
This style of reticle is not visible until you flip the chart. The advantage of the (QAP) is that it maintains the same appearance as the standard style of reticle, making PUT contract targeting feel the same. When targeting with (QAP) mode, be aware that the chart prices are reversed. Up is down, and down is up; this can be confusing but will feel normal overtime. Activate QAP mode by appending a 0- to the symbol of the chart. If nothing appears, no put option data was found for that symbol.
CALIBRATING YOUR RETICLE :
The overlay is generated using the options-reticle CLI tool found on GitHub. The adjustment script will parse a watchlist exported from TradingView then download options data for each ticker in the watchlist. The max amount of symbols you can add to a single overlay is about 200. Any more than 200 and the overlay will crash. Luckily, If you use a TradingView watchlist with more than 200 ticker symbols to generate overlays, the options-reticle command-line tool will automatically create multiple overlays with 200 tickers each. You can add multiple overlays to your chart to get all the tickers in the watchlist.
RETICLE GENERATION AND MOUNTING :
Add all the tickers you want to track into a watchlist on Tradingview.
Export the watchlist into a txt file using TradingView's watchlist export list button.
Open the terminal and change to the directory with the downloaded watchlist txt file.
Install options-reticle command tool with pipx. pipx install tradingview-options-reticle.
Run the command options-reticle download --watchlist {name of watchlist.txt file}. This will download the options data to an options_data.toml in the same directory as the watchlist txt file.
Run the command options-reticle build --options-data-input-path options_data.toml. This will generate the overlay scripts. If the watch list has more than 200 ticker symbols, it will generate a separate overlay script for every 200 ticker symbol chunk.
Copy and paste each of the generated overlay scripts one at a time into the Pine Editor on TradingView, then click the Add to Chart button. Make sure you copy the entire code.
FUTURE FEATURES :
Give the choice to generate PUT option contracts without using QAP mode. This option will allow you to use the input settings to change the contract type without flipping the chart.
Max OTM target argument - This will allow the option-reticle CLI to generate overlays with deeper OTM contracts. It currently only searches for the first OTM contract.
Add the ability to change the crosshair line type.
SUPERTREND ATR WITH TRAILING STOP LOSS## THIS SCRIPT IS ON GITHUB
## MORE BACKTEST
SuperTrend is a moving stop and reversal line based on the volatility (ATR).
The strategy will ride up your stop loss when price moviment 1%.
The strategy will close your operation when the market price crossed the stop loss.
The strategy will close operation when the line based on the volatility will crossed
The strategy has the following parameters:
+ **ATR PERIOD** - To select number of bars back to execute calculation
+ **ATR MULTPLIER** - To add a multplier factor on volatility
+ **INITIAL STOP LOSS** - Where can isert the value to first stop.
+ **POSITION TYPE** - Where can to select trade position.
+ **BACKTEST PERIOD** - To select range.
## DISCLAIMER
1. I am not licensed financial advisors or broker dealers. I do not tell you when or what to buy or sell. I developed this software which enables you execute manual or automated trades multiple trades using TradingView. The software allows you to set the criteria you want for entering and exiting trades.
2. Do not trade with money you cannot afford to lose.
3. I do not guarantee consistent profits or that anyone can make money with no effort. And I am not selling the holy grail.
4. Every system can have winning and losing streaks.
5. Money management plays a large role in the results of your trading. For example: lot size, account size, broker leverage, and broker margin call rules all have an effect on results. Also, your Take Profit and Stop Loss settings for individual pair trades and for overall account equity have a major impact on results. If you are new to trading and do not understand these items, then I recommend you seek education materials to further your knowledge.
**YOU NEED TO FIND AND USE THE TRADING SYSTEM THAT WORKS BEST FOR YOU AND YOUR TRADING TOLERANCE.**
**I HAVE PROVIDED NOTHING MORE THAN A TOOL WITH OPTIONS FOR YOU TO TRADE WITH THIS PROGRAM ON TRADINGVIEW.**
## NOTE
I accept suggestions to improve the script.
If you encounter any problems i will be happy to share with me.
+ Authors: @exit490
+ Revision: v1.0.0
+ Date: 5-Aug-2019
+ Pinescript version: 4
## LICENSE
Copyright 2019 Mauricio Pimenta / exit490
SuperTrend with Trailing Stop Loss script may be freely distributed under the (../LICENSE).
TRAILING STOP LOSS TO LONG AND SHORT##THIS SCRIPT IS ON GITHUB
This TradingView strategy it is designed to integrate with other strategies with indicators.
It performs a trailing stop loss from entry and exit conditions.
In this strategy you can add conditions for long and short positions.
The strategy will ride up your stop loss when price moviment 1%.
The strategy will close your operation when the market price crossed the stop loss.
Also is possible to select the period that strategy will execute the backtest.
The strategy has the following parameters:
+ **INITIAL STOP LOSS** - Where can isert the value to first stop.
+ **POSITION TYPE** - Where can to select trade position.
+ **BACKTEST PERIOD** - To select range.
## DISCLAIMER
1. I am not licensed financial advisors or broker dealers. I do not tell you when or what to buy or sell. I developed this software which enables you execute manual or automated trades multiple trades using TradingView. The software allows you to set the criteria you want for entering and exiting trades.
2. Do not trade with money you cannot afford to lose.
3. I do not guarantee consistent profits or that anyone can make money with no effort. And I am not selling the holy grail.
4. Every system can have winning and losing streaks.
5. Money management plays a large role in the results of your trading. For example: lot size, account size, broker leverage, and broker margin call rules all have an effect on results. Also, your Take Profit and Stop Loss settings for individual pair trades and for overall account equity have a major impact on results. If you are new to trading and do not understand these items, then I recommend you seek education materials to further your knowledge.
**YOU NEED TO FIND AND USE THE TRADING SYSTEM THAT WORKS BEST FOR YOU AND YOUR TRADING TOLERANCE.**
**I HAVE PROVIDED NOTHING MORE THAN A TOOL WITH OPTIONS FOR YOU TO TRADE WITH THIS PROGRAM ON TRADINGVIEW.**
## NOTE
I accept suggestions to improve the script.
If you encounter any problems I will be happy to share with me.
+ Authors: @exit490
+ Revision: v1.0.0
+ Date: 03-Aug-2019
+ Pinescript version: 4
## LICENSE
Copyright 2019 Mauricio Pimenta / exit490
Trailing Stop Loss script may be freely distributed under the MIT license .
Wyckoff Method - Comprehensive Analysis# WYCKOFF METHOD - QUICK REFERENCE CHEAT SHEET
## 🟢 STRONGEST BUY SIGNALS
### 1. SPRING ⭐⭐⭐⭐⭐
- **What:** False breakdown below support on LOW volume
- **Look for:** Quick reversal, close above support
- **Entry:** When price closes back in range
- **Stop:** Below spring low
- **Target:** Top of range minimum
### 2. SOS (Sign of Strength) ⭐⭐⭐⭐
- **What:** Breakout above resistance on HIGH volume
- **Look for:** Wide spread up bar, strong close
- **Entry:** On breakout or wait for LPS pullback
- **Stop:** Below range top
- **Target:** Height of range projected up
### 3. SHAKEOUT ⭐⭐⭐⭐
- **What:** Sharp move below support with HIGH volume, immediate reversal
- **Look for:** Long lower wick, closes strong
- **Entry:** When price reclaims support
- **Stop:** Below shakeout low
- **Target:** Previous resistance
---
## 🔴 STRONGEST SELL SIGNALS
### 1. UTAD (Upthrust After Distribution) ⭐⭐⭐⭐⭐
- **What:** False breakout above resistance, quick rejection
- **Look for:** Spike high, weak close, often high volume
- **Entry:** When price closes back in range
- **Stop:** Above UTAD high
- **Target:** Bottom of range minimum
### 2. SOW (Sign of Weakness) ⭐⭐⭐⭐
- **What:** Breakdown below support on HIGH volume
- **Look for:** Wide spread down bar, weak close
- **Entry:** On breakdown or wait for LPSY rally
- **Stop:** Above range bottom
- **Target:** Height of range projected down
### 3. UPTHRUST ⭐⭐⭐⭐
- **What:** Move above resistance on LOW volume, weak close
- **Look for:** Long upper wick, closes in lower half
- **Entry:** When resistance holds
- **Stop:** Above upthrust high
- **Target:** Support level
---
## 📊 ACCUMULATION PHASES (Bottom Formation)
```
PHASE A: Stopping the Downtrend
├─ PS (Preliminary Support) - First buying
├─ SC (Selling Climax) - Panic bottom ⚠️ KEY EVENT
├─ AR (Automatic Rally) - Relief bounce
└─ ST (Secondary Test) - Retest SC low
PHASE B: Building the Cause
├─ Trading range forms
├─ Multiple tests of support
├─ Volume decreasing
└─ Absorption occurring
PHASE C: The Test
├─ SPRING - False breakdown ⚠️ KEY EVENT
└─ TEST - Support holds on low volume
PHASE D: Dominance Emerges
├─ SOS - Breakout ⚠️ KEY EVENT
├─ LPS - Last Point of Support (pullback)
└─ BU - Backup
PHASE E: Markup
└─ New uptrend, strong momentum
```
**Background Color:** Blue → Green (getting brighter)
**Action:** Buy in Phase C/D, Hold through Phase E
---
## 📊 DISTRIBUTION PHASES (Top Formation)
```
PHASE A: Stopping the Uptrend
├─ PSY (Preliminary Supply) - First selling
├─ BC (Buying Climax) - Euphoric top ⚠️ KEY EVENT
├─ AR (Automatic Reaction) - Sharp drop
└─ ST (Secondary Test) - Retest BC high
PHASE B: Building the Cause
├─ Trading range forms
├─ Multiple tests of resistance
├─ Demand being absorbed
└─ Volume patterns change
PHASE C: The Test
└─ UTAD - False breakout ⚠️ KEY EVENT
PHASE D: Dominance Emerges
├─ SOW - Breakdown ⚠️ KEY EVENT
└─ LPSY - Last Point of Supply (rally to exit)
PHASE E: Markdown
└─ New downtrend, strong selling
```
**Background Color:** Orange → Red (getting darker)
**Action:** Sell in Phase C/D, Stay out during Phase E
---
## 💰 VOLUME SPREAD ANALYSIS (VSA)
| Signal | Meaning | Color | Implication |
|--------|---------|-------|-------------|
| **ND** (No Demand) | Up bar, LOW volume | 🟠 Orange | Weakness - uptrend ending |
| **NS** (No Supply) | Down bar, LOW volume | 🔵 Blue | Strength - downtrend ending |
| **SV** (Stopping Volume) | VERY HIGH volume, narrow spread | 🟣 Purple | Potential reversal |
| **UT** (Upthrust) | Above resistance, LOW vol, weak close | 🔴 Red | Sell signal |
| **SO** (Shakeout) | Below support, HIGH vol, strong close | 🟢 Green | Buy signal |
---
## 🎯 VOLUME INTERPRETATION
| Volume Level | Bar Color | Meaning |
|--------------|-----------|---------|
| **VERY HIGH** (>2x average) | Dark Green/Red | Climax, potential reversal |
| **HIGH** (>1.5x average) | Light Green/Red | Strong interest |
| **NORMAL** | Gray | Average trading |
| **LOW** (<0.7x average) | Faint Gray | Testing, no interest |
---
## ⚖️ EFFORT vs RESULT
| Scenario | Volume | Spread | Meaning |
|----------|--------|--------|---------|
| **High Effort, Low Result** | HIGH | Narrow | ⚠️ Potential reversal |
| **Low Effort, High Result** | LOW | Wide | ⚠️ Trend weakening |
| **High Effort, High Result** | HIGH | Wide | ✅ Strong trend |
| **Low Effort, Low Result** | LOW | Narrow | 😴 No interest |
---
## 📏 TRADING RULES
### ✅ DO:
- ✅ Wait for confirmation before entering
- ✅ Trade in direction of higher timeframe
- ✅ Use springs and UTAD as primary signals
- ✅ Measure trading range for targets
- ✅ Place stops outside the range
- ✅ Look for volume confirmation
- ✅ Check multiple timeframes
- ✅ Focus on Phase C and D events
### ❌ DON'T:
- ❌ Buy during Phase E Markdown
- ❌ Sell during Phase E Markup
- ❌ Trade against major trend
- ❌ Ignore volume signals
- ❌ Enter without clear stop loss
- ❌ Trade every signal
- ❌ Use on very low timeframes without practice
- ❌ Ignore the context
---
## 🎪 COMPOSITE OPERATOR (Smart Money)
### 💰 Green Money Symbol (Bottom)
- **Meaning:** Institutions accumulating
- **Location:** Demand zones, springs, tests
- **Action:** Follow the smart money - buy
### 💰 Red Money Symbol (Top)
- **Meaning:** Institutions distributing
- **Location:** Supply zones, UTAD, weak rallies
- **Action:** Follow the smart money - sell
---
## 📍 SUPPLY & DEMAND ZONES
### 🟢 Demand Zones (Green Boxes)
- **Created at:** SC, Spring, Shakeout
- **Represents:** Where smart money bought
- **Action:** Look for bounces
### 🔴 Supply Zones (Red Boxes)
- **Created at:** BC, UTAD, Upthrust
- **Represents:** Where smart money sold
- **Action:** Look for rejections
---
## 🎯 TARGET CALCULATION
### Measured Move Method
```
1. Measure trading range height
Example: Top at 120, Bottom at 100 = 20 points
2. Add to breakout point (accumulation)
Breakout at 120 + 20 = Target: 140
3. Or subtract from breakdown (distribution)
Breakdown at 100 - 20 = Target: 80
```
### Multiple Targets
- **Conservative:** 1x range height (100% probability reached)
- **Moderate:** 1.5x range height (70% probability)
- **Aggressive:** 2x range height (40% probability)
---
## ⏰ TIMEFRAME GUIDE
| Timeframe | Use For | Reliability | Recommended For |
|-----------|---------|-------------|-----------------|
| **Weekly** | Major trends | ⭐⭐⭐⭐⭐ | Position traders |
| **Daily** | Swing trades | ⭐⭐⭐⭐⭐ | Most traders |
| **4-Hour** | Active swing | ⭐⭐⭐⭐ | Active traders |
| **1-Hour** | Day trading | ⭐⭐⭐ | Experienced only |
| **15-Min** | Scalping | ⭐⭐ | Experts only |
**Golden Rule:** Always check one timeframe higher for context!
---
## 🚨 ALERT PRIORITY
### 🔔 MUST-HAVE ALERTS
1. Spring
2. UTAD
3. SOS
4. SOW
### 🔔 NICE-TO-HAVE ALERTS
5. Selling Climax (SC)
6. Buying Climax (BC)
7. Smart Money Accumulation
8. Smart Money Distribution
### 🔔 CONFIRMATION ALERTS
9. Phase E Markup
10. Phase E Markdown
---
## 💡 QUICK DECISION TREE
```
Is there a clear trading range?
├─ YES
│ ├─ Did price break BELOW support?
│ │ ├─ Volume LOW + Quick reversal = SPRING → BUY ✅
│ │ └─ Volume HIGH + Stays down = Breakdown → SELL ⚠️
│ │
│ └─ Did price break ABOVE resistance?
│ ├─ Volume LOW + Quick reversal = UTAD → SELL ✅
│ └─ Volume HIGH + Stays up = Breakout → BUY ⚠️
│
└─ NO
├─ Strong uptrend = Wait for re-accumulation
└─ Strong downtrend = Wait for re-distribution
```
---
## 📝 PRE-TRADE CHECKLIST
Before entering any trade:
- Identified the current Wyckoff phase
- Confirmed with volume analysis
- Checked higher timeframe trend
- Located supply/demand zones
- Identified clear entry point
- Set stop loss level
- Calculated target (risk:reward >1:2)
- Verified position size (risk 1-2%)
- Have at least 2 confirming signals
- Not trading against major trend
---
## 🧠 REMEMBER
**The Three Laws:**
1. **Supply & Demand** - Price is determined by imbalance
2. **Cause & Effect** - Range size predicts move size
3. **Effort & Result** - Volume should confirm price movement
**The Key Principle:**
> "Trade with the Composite Operator (smart money), not against them"
**Best Setups:**
1. Spring in accumulation (Phase C)
2. UTAD in distribution (Phase C)
3. SOS breakout (Phase D)
4. SOW breakdown (Phase D)
**When in Doubt:**
- ❓ Stay out
- 📈 Use higher timeframe
- 📚 Review the documentation
- 🎯 Wait for clearer signal
---
## 📱 INDICATOR SETTINGS QUICK SETUP
**For Stocks/Crypto (Good Volume Data):**
- Volume MA Length: 20
- High Volume Multiplier: 1.5
- Climax Volume: 2.0
- Swing Length: 5
**For Forex (Limited Volume Data):**
- Volume MA Length: 20
- High Volume Multiplier: 1.3
- Climax Volume: 1.8
- Swing Length: 7
- Turn OFF "Volume Confirmation"
**For Day Trading:**
- Swing Length: 3
- All other settings: Default
**For Position Trading:**
- Swing Length: 7-10
- Volume MA Length: 30
- Use Daily/Weekly charts
---
## 🎓 SKILL PROGRESSION
### Beginner (Month 1-2)
- Focus on: SC, Spring, SOS
- Timeframe: Daily only
- Goal: Identify phases correctly
### Intermediate (Month 3-6)
- Add: All accumulation events
- Timeframe: Daily + 4H
- Goal: Trade springs profitably
### Advanced (Month 6-12)
- Add: Distribution events, VSA
- Timeframe: Multiple timeframes
- Goal: Trade complete cycles
### Expert (Year 2+)
- Master: All events, all timeframes
- Combine: With other methodologies
- Goal: Consistent profitability
---
**Print this sheet and keep it next to your trading desk!**
*Remember: Quality over quantity. Wait for the best setups.*
# Wyckoff Method - Comprehensive Analysis Indicator
## Complete Implementation Guide for TradingView Pine Script
---
## TABLE OF CONTENTS
1. (#overview)
2. (#installation)
3. (#theory)
4. (#components)
5. (#signals)
6. (#strategies)
7. (#settings)
8. (#alerts)
9. (#patterns)
10. (#troubleshooting)
---
## OVERVIEW
This indicator implements Richard Wyckoff's complete trading methodology, including:
- **All 5 Phases** of Accumulation and Distribution
- **18+ Wyckoff Events** (PS, SC, AR, ST, Spring, SOS, LPS, BC, UTAD, SOW, etc.)
- **Volume Spread Analysis (VSA)** principles
- **Supply & Demand Zone** detection
- **Composite Operator** logic (Smart Money tracking)
- **Effort vs Result** analysis
- **Three Wyckoff Laws**: Supply/Demand, Cause/Effect, Effort/Result
---
## INSTALLATION
### Step 1: Copy the Code
1. Open the `wyckoff_comprehensive.pine` file
2. Select all code (Ctrl+A / Cmd+A)
3. Copy to clipboard (Ctrl+C / Cmd+C)
### Step 2: Add to TradingView
1. Go to TradingView.com
2. Open any chart
3. Click "Pine Editor" at the bottom of the screen
4. Click "New" or "Open"
5. Paste the entire code
6. Click "Save" and give it a name
7. Click "Add to Chart"
### Step 3: Verify Installation
You should see:
- Labels on the chart (PS, SC, Spring, SOS, etc.)
- Background colors indicating phases
- Volume analysis in the lower pane
- A table in the top-right corner showing current phase
---
## WYCKOFF METHOD THEORY
### The Three Fundamental Laws
#### 1. **Law of Supply and Demand**
- Price rises when demand exceeds supply
- Price falls when supply exceeds demand
- The indicator tracks volume vs price movement to identify imbalances
#### 2. **Law of Cause and Effect**
- A period of accumulation (cause) leads to markup (effect)
- A period of distribution (cause) leads to markdown (effect)
- Trading ranges build "cause" for future price movement
#### 3. **Law of Effort vs Result**
- **Effort** = Volume (energy put into the market)
- **Result** = Price movement (spread of the bar)
- High effort with low result = potential reversal
- Low effort with high result = trend weakness
### The Five Phases
#### **ACCUMULATION CYCLE**
**Phase A: Stopping the Downtrend**
- Preliminary Support (PS): First sign of buying
- Selling Climax (SC): Panic selling exhaustion
- Automatic Rally (AR): Bounce from SC
- Secondary Test (ST): Test of SC low on lower volume
**Phase B: Building the Cause**
- Trading range develops
- Supply being absorbed by composite operator
- Multiple tests of support and resistance
- Volume generally decreases
**Phase C: The Test (Spring)**
- False breakdown below support
- Traps late sellers
- Quick reversal on low volume
- Last chance to accumulate before markup
**Phase D: Dominance Emerges**
- Sign of Strength (SOS): Break above resistance
- Last Point of Support (LPS): Pullback opportunity
- Backup (BU): Final consolidation
- Demand clearly exceeds supply
**Phase E: Markup**
- New uptrend established
- Price moves rapidly higher
- Phase E can last months/years
- Original trading range becomes support
#### **DISTRIBUTION CYCLE**
**Phase A: Stopping the Uptrend**
- Preliminary Supply (PSY): First sign of selling
- Buying Climax (BC): Euphoric buying exhaustion
- Automatic Reaction (AR): Sharp selloff from BC
- Secondary Test (ST): Test of BC high on lower volume
**Phase B: Building the Cause**
- Trading range at top
- Demand being absorbed by composite operator
- Multiple tests of support and resistance
**Phase C: The Test (UTAD)**
- Upthrust After Distribution
- False breakout above resistance
- Traps late buyers
- Quick reversal
**Phase D: Dominance Emerges**
- Sign of Weakness (SOW): Break below support
- Last Point of Supply (LPSY): Rally opportunity to exit
- Supply clearly exceeds demand
**Phase E: Markdown**
- New downtrend established
- Price moves rapidly lower
- Original trading range becomes resistance
---
## INDICATOR COMPONENTS
### 1. EVENT LABELS
#### Accumulation Events (Green labels)
- **PS** = Preliminary Support
- **SC** = Selling Climax (largest label, most important)
- **AR** = Automatic Rally
- **ST** = Secondary Test
- **SPRING** = Spring (critical buy signal)
- **TEST** = Test of support
- **SOS** = Sign of Strength (breakout)
- **LPS** = Last Point of Support
- **BU** = Backup
#### Distribution Events (Red labels)
- **PSY** = Preliminary Supply
- **BC** = Buying Climax (largest label, most important)
- **AR** = Automatic Reaction
- **ST** = Secondary Test
- **UTAD** = Upthrust After Distribution (critical sell signal)
- **SOW** = Sign of Weakness
- **LPSY** = Last Point of Supply
#### VSA Events (Small colored labels)
- **ND** (Orange) = No Demand - weakness
- **NS** (Blue) = No Supply - strength
- **SV** (Purple) = Stopping Volume
- **UT** (Red) = Upthrust - weakness
- **SO** (Green) = Shakeout - strength
#### Composite Operator (💰 symbols)
- Green 💰 at bottom = Smart Money Accumulation
- Red 💰 at top = Smart Money Distribution
### 2. BACKGROUND COLORS
- **Light Blue** = Phase A (Accumulation)
- **Light Orange** = Phase A (Distribution)
- **Very Light Green** = Phase C (Accumulation Testing)
- **Very Light Red** = Phase C (Distribution Testing)
- **Light Green** = Phase D (Accumulation Strength)
- **Light Red** = Phase D (Distribution Weakness)
- **Green** = Phase E (Markup - Bull trend)
- **Red** = Phase E (Markdown - Bear trend)
### 3. SUPPLY & DEMAND ZONES
- **Green boxes** = Demand zones (where smart money accumulated)
- **Red boxes** = Supply zones (where smart money distributed)
- Zones extend 20 bars into the future
- Price reactions at these zones are significant
### 4. VOLUME PANEL
- **Dark Green/Red bars** = Very High Volume (climax)
- **Light Green/Red bars** = High Volume
- **Gray bars** = Normal Volume
- **Faint Gray bars** = Low Volume
- **Blue line** = Volume Moving Average
### 5. INFORMATION TABLE (Top Right)
Displays real-time analysis:
- **Current Phase** (A, B, C, D, or E)
- **Status** (description of what's happening)
- **Volume** (Very High, High, Normal, Low)
- **Spread** (Wide, Normal, Narrow)
- **Effort/Result** (Poor, Normal, Good)
- **Range** (YES if in trading range)
- **Bias** (BULLISH, BEARISH, or NEUTRAL)
---
## HOW TO READ THE SIGNALS
### STRONG BUY SIGNALS (in order of strength)
1. **SPRING** (strongest)
- False breakdown below support
- Look for: Low volume, quick reversal, close above support
- Entry: When price closes back above support level
- Stop: Below the spring low
2. **SOS (Sign of Strength)**
- Break above trading range resistance
- Look for: High volume, wide spread up bar
- Entry: On breakout or pullback to LPS
- Stop: Below trading range
3. **Shakeout (SO)**
- Similar to spring but more violent
- Look for: High volume, penetration of support, strong close
- Entry: When price reclaims support
- Stop: Below shakeout low
4. **LPS (Last Point of Support)**
- Pullback after SOS
- Look for: Low volume, shallow pullback
- Entry: When support holds
- Stop: Below LPS
5. **No Supply (NS)**
- Down bar on very low volume
- Indicates lack of selling pressure
- Confirms accumulation phase
### STRONG SELL SIGNALS (in order of strength)
1. **UTAD (Upthrust After Distribution)** (strongest)
- False breakout above resistance
- Look for: High volume spike, rejection, close below resistance
- Entry: When price closes back below resistance
- Stop: Above UTAD high
2. **SOW (Sign of Weakness)**
- Break below trading range support
- Look for: High volume, wide spread down bar
- Entry: On breakdown or rally to LPSY
- Stop: Above trading range
3. **Upthrust (UT)**
- Move above resistance on low volume, weak close
- Look for: Low volume, close in lower half of bar
- Entry: When resistance becomes resistance again
- Stop: Above upthrust high
4. **LPSY (Last Point of Supply)**
- Rally after SOW
- Look for: Low volume, weak rally
- Entry: When rally fails
- Stop: Above LPSY
5. **No Demand (ND)**
- Up bar on very low volume
- Indicates lack of buying pressure
- Confirms distribution phase
### NEUTRAL/WARNING SIGNALS
- **High Effort, Low Result** = Potential reversal coming
- **Stopping Volume** = Trend may be ending
- **Absorption** = Large volume with small movement (accumulation/distribution)
---
## TRADING STRATEGY EXAMPLES
### Strategy 1: Accumulation Range Breakout
**Setup:**
1. Identify trading range (blue background in Phase B)
2. Wait for Spring or Test (Phase C)
3. Wait for SOS breakout (Phase D)
**Entry:**
- Option A: Buy on SOS breakout
- Option B: Wait for LPS pullback (better risk/reward)
**Stop Loss:**
- Below the spring low or trading range bottom
**Target:**
- Measure height of trading range (cause)
- Project upward from breakout point (effect)
- Minimum target = range height
**Example:**
```
Trading Range: 100 to 120 (20 point range)
SOS Breakout at: 120
Target: 120 + 20 = 140 minimum
```
### Strategy 2: Distribution Range Breakdown
**Setup:**
1. Identify trading range after uptrend
2. Wait for UTAD (Phase C)
3. Wait for SOW breakdown (Phase D)
**Entry:**
- Option A: Sell on SOW breakdown
- Option B: Wait for LPSY rally (better risk/reward)
**Stop Loss:**
- Above the UTAD high or trading range top
**Target:**
- Measure height of trading range
- Project downward from breakdown point
- Minimum target = range height
### Strategy 3: Spring Trading
**Setup:**
1. Strong downtrend followed by range
2. Price breaks below range bottom
3. Volume is LOW on breakdown
4. Price quickly reverses and closes above support
**Entry:**
- When candle closes above support level
- Or on retest of support
**Stop Loss:**
- Below spring low (usually tight)
**Target:**
- Top of trading range
- Previous swing high
**Risk/Reward:**
- Typically 1:3 or better
### Strategy 4: Smart Money Tracking
**Setup:**
1. Look for 💰 symbols in demand zones
2. Multiple accumulation signals (PS, SC, ST, Test)
3. Volume decreasing during range
**Entry:**
- At next demand zone test
- On SOS breakout
**Confirmation:**
- Background turning green (Phase D/E)
- Table shows "BULLISH" bias
### Strategy 5: VSA Reversal
**Setup:**
1. Strong trend in place
2. Stopping Volume (SV) appears at extreme
3. Followed by No Demand (ND) or No Supply (NS)
**Entry:**
- When trend breaks down/up
- On retest of extreme
**Example (Bullish):**
```
Downtrend → Stopping Volume → No Supply → Up bar
Entry: Buy when price moves above SV bar
```
---
## SETTINGS & CUSTOMIZATION
### Volume Analysis Settings
**Volume MA Length** (default: 20)
- Shorter = More sensitive to volume changes
- Longer = Smoother, less noise
- Recommended: 15-25 for most timeframes
**High Volume Multiplier** (default: 1.5)
- Threshold for "high volume"
- Lower = More signals
- Higher = Only extreme volume
- Recommended: 1.3-2.0
**Climax Volume Multiplier** (default: 2.0)
- Threshold for climax events (SC, BC)
- Should be significantly higher than normal
- Recommended: 2.0-3.0
### Phase Detection Settings
**Swing Detection Length** (default: 5)
- How many bars to look left/right for swing points
- Shorter = More swings detected (more noise)
- Longer = Fewer swings (cleaner, might miss some)
- Recommended: 3-7
**Range Expansion Threshold** (default: 1.5)
- Multiplier for "wide spread" bars
- Higher = Only very wide bars qualify
- Recommended: 1.3-2.0
**Volume Confirmation** (default: ON)
- Requires volume confirmation for events
- Turn OFF for very low volume instruments
- Keep ON for stocks, forex, crypto
### Display Options
Toggle on/off:
- ✅ **Show Accumulation/Distribution Phases** - Background colors
- ✅ **Show Wyckoff Events** - All labeled events
- ✅ **Show Volume Spread Analysis** - VSA labels
- ✅ **Show Supply/Demand Zones** - Boxes on chart
- ✅ **Show Composite Operator Signals** - 💰 symbols
### Color Customization
- **Bullish Color** - All accumulation events
- **Bearish Color** - All distribution events
- **Neutral Color** - Range/neutral signals
---
## ALERT SETUP
### Available Alerts
1. **Selling Climax (SC)** - Potential bottom forming
2. **Spring** - Strong buy signal
3. **Sign of Strength (SOS)** - Bullish breakout
4. **Buying Climax (BC)** - Potential top forming
5. **UTAD** - Strong sell signal
6. **Sign of Weakness (SOW)** - Bearish breakdown
7. **Phase E Markup** - Uptrend confirmed
8. **Phase E Markdown** - Downtrend confirmed
9. **Smart Money Accumulation** - Institutions buying
10. **Smart Money Distribution** - Institutions selling
### How to Set Up Alerts
1. Click the "⏰" icon on TradingView
2. Select "Create Alert"
3. Condition: Choose the indicator and alert type
4. Example: "Wyckoff Method - Spring"
5. Set notification preferences (popup, email, webhook)
6. Click "Create"
### Recommended Alert Strategy
**Conservative Trader:**
- Spring
- SOS
- UTAD
- SOW
**Aggressive Trader:**
- Add: SC, BC, Smart Money signals
**Long-term Investor:**
- Phase E Markup
- Phase E Markdown
- Smart Money Accumulation
---
## COMMON PATTERNS
### Pattern 1: Classic Accumulation
```
Phase A: Downtrend → PS → SC → AR → ST
Phase B: Range building (4-12 weeks typical)
Phase C: Spring (false breakdown)
Phase D: SOS → LPS → BU
Phase E: Markup (new uptrend)
```
**What to do:**
- Mark the range boundaries
- Wait for spring
- Buy on LPS or SOS
- Hold through markup
### Pattern 2: Classic Distribution
```
Phase A: Uptrend → PSY → BC → AR → ST
Phase B: Range building (topping process)
Phase C: UTAD (false breakout)
Phase D: SOW → LPSY
Phase E: Markdown (new downtrend)
```
**What to do:**
- Mark the range boundaries
- Wait for UTAD
- Sell on LPSY or SOW
- Stay out during markdown
### Pattern 3: Re-Accumulation
```
Uptrend → Trading Range → Spring → Uptrend continues
```
- Occurs during existing uptrend
- Shorter accumulation period
- Often no clear SC (trend is already up)
- Spring is the key signal
### Pattern 4: Re-Distribution
```
Downtrend → Trading Range → UTAD → Downtrend continues
```
- Occurs during existing downtrend
- Shorter distribution period
- Often no clear BC (trend is already down)
- UTAD is the key signal
### Pattern 5: Failed Breakout
**Bullish Failed Breakout:**
```
Range → Breakdown → Immediate reversal (Spring)
```
- Price breaks support
- Volume is LOW
- Immediate strong reversal
- Very bullish
**Bearish Failed Breakout:**
```
Range → Breakout → Immediate reversal (UTAD)
```
- Price breaks resistance
- Volume may be high initially
- Quick rejection and reversal
- Very bearish
---
## TIMEFRAME RECOMMENDATIONS
### Daily Charts (Most Reliable)
- Best for swing trading
- Clear phases and events
- Less noise
- Recommended for beginners
### 4-Hour Charts
- Good for active swing traders
- Faster signals than daily
- Still reliable
### 1-Hour Charts
- For day traders
- More false signals
- Need to filter carefully
- Use in conjunction with higher timeframe
### 15-Minute / 5-Minute
- Only for experienced traders
- High noise level
- Many false signals
- Use daily chart for context
**Golden Rule:** Always check higher timeframe first!
---
## MULTI-TIMEFRAME ANALYSIS
### Top-Down Approach (Recommended)
1. **Weekly Chart** - Identify major trend and phase
2. **Daily Chart** - Find current accumulation/distribution
3. **4H Chart** - Identify entry timing
4. **Entry Timeframe** - Execute trade
### Example Analysis:
**Weekly:** Phase E Markup (bullish)
**Daily:** Phase B Re-accumulation
**4-Hour:** Spring detected
**Action:** Buy on daily LPS
---
## WYCKOFF + OTHER INDICATORS
### Complementary Tools
1. **Moving Averages**
- 20/50 SMA for trend context
- Already plotted on indicator
2. **RSI**
- Divergences at SC/BC
- Confirms overbought/oversold
3. **MACD**
- Confirms trend change in Phase D
- Divergences support Wyckoff events
4. **Volume Profile**
- Identifies value areas
- Confirms supply/demand zones
5. **Order Flow / Footprint Charts**
- See institutional activity
- Confirms smart money signals
**Don't Over-Complicate:**
- Wyckoff is a complete system
- Other indicators are supplementary
- When in doubt, trust Wyckoff
---
## TROUBLESHOOTING
### Issue: Too Many Labels
**Solution:**
- Increase swing length (Settings → 7 or 10)
- Increase volume multipliers
- Turn off VSA labels if not needed
- Focus on major events only (SC, Spring, SOS, BC, UTAD, SOW)
### Issue: Missing Expected Events
**Solution:**
- Decrease swing length (Settings → 3)
- Decrease volume multipliers
- Turn OFF volume confirmation
- Check timeframe (use daily chart)
### Issue: False Signals
**Solution:**
- Use higher timeframe
- Wait for confirmation
- Don't trade against major trend
- Look for multiple signal convergence
### Issue: Can't See Background Colors
**Solution:**
- Check "Show Phases" is enabled
- Increase monitor brightness
- Colors are subtle by design (not to obscure price)
### Issue: Volume Shows Incorrectly
**Solution:**
- Ensure volume data is available for your symbol
- Some symbols have poor volume data
- Forex spot pairs have no real volume
- Use futures or stock markets for best results
### Issue: No Trading Range Detected
**Solution:**
- Market may be trending strongly
- Trading range might be too small
- Wait for price to consolidate
- Not all markets have clear ranges
---
## ADVANCED TIPS
### 1. Count Point & Figure Charts
- Wyckoff used P&F to measure "cause"
- Width of range × height = minimum move target
- Longer accumulation = larger markup
### 2. Watch for Absorption
- High volume + narrow spread = someone absorbing
- In downtrend = accumulation
- In uptrend = distribution
### 3. Multiple Timeframe Springs
- Spring on daily + spring on weekly = very strong
- Increases probability significantly
### 4. Failed Signals Are Signals Too
- Failed spring = weakness, expect lower
- Failed UTAD = strength, expect higher
### 5. Context is King
- Don't buy during Phase E Markdown
- Don't sell during Phase E Markup
- Respect the major trend
### 6. Volume Precedes Price
- Study volume changes first
- Price follows volume
- Decreasing volume in range = building energy
### 7. Composite Operator Mindset
- Think like institutions
- Where would smart money buy/sell?
- They need liquidity (retail traders)
---
## RISK MANAGEMENT
### Position Sizing
**Conservative:**
- Risk 1% per trade
- Wider stops at range boundaries
**Moderate:**
- Risk 1-2% per trade
- Stops below spring/above UTAD
**Aggressive:**
- Risk 2-3% per trade
- Tight stops
- Higher win rate needed
### Stop Loss Placement
**Accumulation:**
- Below spring low
- Below trading range bottom
- Below demand zone
**Distribution:**
- Above UTAD high
- Above trading range top
- Above supply zone
### Take Profit Strategy
**Method 1: Measured Move**
- Range height = minimum target
- 2x range height = extended target
**Method 2: Fibonacci Extensions**
- 1.0 = range height
- 1.618 = extended target
- 2.618 = maximum target
**Method 3: Trail the Stop**
- Move stop to breakeven at 1R
- Trail under swing lows in markup
- Lock in profits progressively
---
## BACKTESTING CHECKLIST
Before trading with real money:
- Backtest on 50+ historical examples
- Record all signals in trading journal
- Calculate win rate (aim for >50%)
- Calculate average R:R (aim for >1:2)
- Test on multiple instruments
- Test on multiple timeframes
- Test in different market conditions
- Verify signal consistency
- Practice on demo account
- Start small with real money
---
## RECOMMENDED READING
### Books
1. **"Studies in Tape Reading"** - Richard D. Wyckoff
2. **"The Richard D. Wyckoff Method"** - Rubén Villahermosa
3. **"Charting the Stock Market: The Wyckoff Method"** - Jack Hutson
4. **"Master the Markets"** - Tom Williams (VSA)
### Courses
1. Wyckoff Analytics - Official Wyckoff course
2. TradeVSA - Volume Spread Analysis
3. StockCharts - Wyckoff education
### Communities
1. Wyckoff Analytics Forum
2. Reddit r/Wyckoff
3. TradingView Wyckoff ideas section
---
## FREQUENTLY ASKED QUESTIONS
**Q: Can I use this on crypto?**
A: Yes, works well on major cryptocurrencies with good volume.
**Q: Does it work on forex?**
A: Yes, but use futures volume (like 6E for EUR/USD) for better accuracy.
**Q: What's the best timeframe?**
A: Daily chart for most traders. 4H for more active trading.
**Q: How long does accumulation last?**
A: Typically 2-12 weeks. Longer accumulation = bigger markup.
**Q: Can I automate this?**
A: You can use the alerts, but manual analysis is recommended.
**Q: What's the win rate?**
A: With proper filtering: 60-70% on major signals (Spring, UTAD, SOS, SOW).
**Q: Should I trade every signal?**
A: No. Focus on Spring, UTAD, SOS, and SOW in trending markets.
**Q: What if I see conflicting signals?**
A: Use higher timeframe for context. When in doubt, stay out.
**Q: How do I know which phase I'm in?**
A: Check the table in top-right corner. Also look at background color.
**Q: Can I use this for options trading?**
A: Yes, excellent for timing option entries (especially around Spring/UTAD).
---
## FINAL THOUGHTS
The Wyckoff Method is:
- **A complete trading system** (not just an indicator)
- **Based on 100+ years** of market wisdom
- **Used by institutions** and professional traders
- **Requires practice** and screen time
- **Highly effective** when applied correctly
**Success Tips:**
1. Start with daily charts
2. Focus on major events (SC, Spring, SOS, BC, UTAD, SOW)
3. Always check higher timeframe context
4. Wait for confirmation before entering
5. Manage risk properly
6. Keep a trading journal
7. Be patient - wait for the best setups
**Remember:**
- Not every range will have all events
- Some phases may be abbreviated
- Context and confluence matter most
- Practice makes perfect
---
## SUPPORT & UPDATES
For questions, improvements, or bug reports:
- Check TradingView script comments
- Join Wyckoff trading communities
- Study historical examples
- Practice on demo accounts
**Good luck and happy trading!**
---
*Disclaimer: This indicator is for educational purposes. Always do your own analysis and risk management. Past performance does not guarantee future results.*
# WYCKOFF VISUAL SETUP EXAMPLES
## ACCUMULATION SCHEMATIC #1 (Classic Bottom)
```
Price Chart View:
│ PHASE E
│ MARKUP
│ ╱
│ ╱
┌─SOS─────┤ ╱
│ │ ╱
┌───────────┤ ┌LPS │╱
│ PHASE B │ │ │
│ (Cause) └──┴──────┤
┌AR──┤ │
┌────┤ │ ┌─Spring │ PHASE D
│ └ST──┤ │ │
│ │ │ │
────SC────────┴─────────┴───────────┴──────────
│
PS
│ PHASE A
│
Downtrend
```
### PHASE A - Stopping the Downtrend
```
PS: │ High volume down bar
▼ First sign of support
■ Not bottom yet
SC: │ VERY HIGH volume
▼ Panic selling exhaustion
█ Long lower wick
█ This is the low
AR: │ Automatic rally
▲ Relief bounce
■ High volume acceptable
ST: │ Secondary test
▼ Low volume (KEY!)
■ Tests SC low
```
### PHASE B - Building the Cause
```
┌─────────┐
│ ~~~ │ Multiple tests
│ ~ ~ │ Volume decreases
│~ ~ │ Range gets tighter
└─────────┘
Duration: 2-12 weeks typical
The longer, the bigger the eventual move
```
### PHASE C - The Test (SPRING)
```
║ False breakdown
─────╨─────
▼ Low volume
█ Breaks below support
■
█ Quick reversal
▲ Closes ABOVE support
CRITICAL: Volume must be LOW
Close must be strong
Happens quickly (1-3 bars)
```
### PHASE D - Strength Emerges
```
SOS: ▲ Sign of Strength
────╥──── Break above resistance
║ High volume
║ Wide spread
LPS: ▼ Last Point Support
■ Pullback on LOW volume
▲ Great entry point
BU: ▲ Backup
■ Final consolidation
▲ Before markup
```
### PHASE E - Markup
```
╱
╱
╱ Strong uptrend
╱ High momentum
╱ Can last months/years
──╱──
```
---
## DISTRIBUTION SCHEMATIC #2 (Classic Top)
```
Price Chart View:
Uptrend
│
PSY
│ PHASE A
────BC────────┬─────────┬───────────┬──────────
│ │ UTAD │
│ PHASE B │ │ PHASE D
┌AR──┤ ┌LPSY │ │
│ │ │ └───────────┤
│ └──┴──────┐ │╲
└ST──┤ │ │ ╲
│ └───────────┤ ╲
└─SOW─────┤ │ ╲
│ │ ╲
│ PHASE C │ ╲
│ │ PHASE E
│ │ MARKDOWN
```
### PHASE A - Stopping the Uptrend
```
PSY: │ High volume up bar
▲ Preliminary supply
■ Selling starting
BC: │ VERY HIGH volume
▲ Buying climax
█ Euphoric top
█ Long upper wick
AR: │ Automatic reaction
▼ Sharp selloff
■ High volume
ST: │ Secondary test
▲ Low volume (KEY!)
■ Tests BC high
```
### PHASE C - The Test (UTAD)
```
▲ False breakout
────╥────
║ Breaks ABOVE resistance
║ Often high volume spike
▼
█ Rejection / weak close
█ Closes BELOW resistance
▼
CRITICAL: Closes weak
Quick rejection
Traps buyers
```
### PHASE D - Weakness Emerges
```
SOW: ▼ Sign of Weakness
────╨──── Break below support
║ High volume
║ Wide spread
LPSY: ▲ Last Point Supply
■ Rally on LOW volume
▼ Last chance to exit
```
---
## VOLUME PATTERNS (Critical to Understanding)
### ACCUMULATION Volume Pattern
```
Volume
│ SC
█
█ ST
■ ■ Spring
■ ■ ■ SOS LPS
──┴────┴────┴──────█───■────►
│ │ │ │ │
│ │ │ │ │
A A C D D
Pattern: HIGH → low → low → HIGH → low
Key: Volume DECREASES during range
INCREASES on breakout
```
### DISTRIBUTION Volume Pattern
```
Volume
│ BC
█
█ ST
■ ■ UTAD
■ ■ ■ SOW LPSY
──┴────┴────┴──────█───■────►
│ │ │ │ │
│ │ │ │ │
A A C D D
Pattern: HIGH → low → varies → HIGH → low
Key: Volume MAY increase on UTAD
Definitely HIGH on breakdown (SOW)
```
---
## REAL TRADE SETUPS
### Setup #1: SPRING BUY
```
Entry Conditions:
1. Clear trading range identified
2. Price breaks BELOW support
3. Volume is LOW (critical!)
4. Price reverses QUICKLY
5. Closes ABOVE support level
Entry: Next bar or on retest
Stop: Below spring low
Target: Top of range (minimum)
Example:
Support: $100
Spring low: $98 (low volume)
Close: $101
Entry: $102
Stop: $97.50
Target: $120 (range top)
Risk/Reward: 1:4
```
### Setup #2: UTAD SELL
```
Entry Conditions:
1. Clear trading range identified (after uptrend)
2. Price breaks ABOVE resistance
3. Often high volume spike
4. Price reverses QUICKLY
5. Closes BELOW resistance level
Entry: Next bar or on retest
Stop: Above UTAD high
Target: Bottom of range (minimum)
Example:
Resistance: $200
UTAD high: $205 (spike)
Close: $198
Entry: $197
Stop: $206
Target: $180 (range bottom)
Risk/Reward: 1:2
```
### Setup #3: SOS BREAKOUT
```
Entry Conditions:
1. Clear accumulation range
2. Spring already occurred (ideal)
3. Price breaks ABOVE resistance
4. HIGH volume on breakout
5. Wide spread up bar
Entry Option A: On breakout ($120)
Entry Option B: Wait for LPS pullback ($115)
Stop: Below range or LPS
Target: Range height projected up
Example:
Range: $100-$120 (20 points)
SOS breakout: $120
Entry A: $120
Stop: $115
Target 1: $140 (100%)
Target 2: $150 (150%)
```
---
## VSA SPECIFIC PATTERNS
### Pattern 1: No Demand (Weakness)
```
▲
■ Up bar
■ Low volume ◄── KEY
▲ Small body
Context: After uptrend
Meaning: Buyers exhausted
Action: Prepare to sell
```
### Pattern 2: No Supply (Strength)
```
▼
■ Down bar
■ Low volume ◄── KEY
▼ Small body
Context: After downtrend
Meaning: Sellers exhausted
Action: Prepare to buy
```
### Pattern 3: Stopping Volume
```
═ Very high volume
█ Narrow spread ◄── KEY
═ Price not moving
Context: At extremes
Meaning: Absorption
Action: Expect reversal
```
---
## COMMON MISTAKES (What NOT to Do)
### ❌ Mistake 1: Buying Prematurely
```
WRONG:
SC
▼
█ ← DON'T BUY HERE
CORRECT:
Spring
─────╨─────
▼
█ ← BUY HERE
▲
```
### ❌ Mistake 2: Ignoring Volume
```
WRONG: "It broke below support, must be spring"
─────╨───── High volume
█
This is a BREAKDOWN, not a spring!
CORRECT Spring:
─────╨───── LOW volume ✓
■ Quick reversal ✓
▲
```
### ❌ Mistake 3: Trading Against Trend
```
WRONG:
Markdown Phase E
╲
╲ ← Trying to buy here
╲
╲
CORRECT:
Wait for new accumulation to complete
```
---
## MULTI-TIMEFRAME EXAMPLE
### Weekly Chart: Phase E Markup (Bullish)
```
╱
╱
╱ Long-term uptrend
╱
───╱─────
```
### Daily Chart: Re-Accumulation Phase C
```
┌─────────┐
│ Spring │ ← We are here
│ ▼ │
─────┴────█────┴─────
▲
```
### 4-Hour Chart: Entry Timing
```
Last 48 hours:
─────╨───── Spring occurred
█
▲ ← Enter now
■
```
**Result:** Triple confirmation across timeframes = High probability trade
---
## PROFIT TARGETS (Visual Guide)
### Method 1: Basic Measured Move
```
Resistance: 120 ┐ ─────────
│
│ 20 points
│
Support: 100 ┘ ─────────
Breakout: 120
Target: 120 + 20 = 140
╱╱╱ 140 (Target)
╱╱╱
╱╱╱
──────◄ 120 (Breakout)
│
Range │ 20
│
──────┘ 100
```
### Method 2: Multiple Targets
```
╱╱╱ 150 (Target 3: 2.5x) - 20% position
╱╱╱
╱╱╱ 140 (Target 2: 2x) - 30% position
╱╱╱
─────◄╱ 130 (Target 1: 1x) - 50% position
│
10 │ 120 (Breakout)
│
─────┘ 110 (Support)
```
### Method 3: Trailing Stop
```
1. Move stop to breakeven at Target 1
2. Trail stop under swing lows
3. Let winners run
╱╱╱
╱ ╱╱ ← Trail stop here
╱╱ ╱
╱ ╱ ← Then here
─────◄──╱
← Start here (breakeven)
```
---
## TIMING ENTRIES (Exact Bar Patterns)
### Perfect Spring Entry
```
Bar 1: ▼ Breaks below (Low vol)
█
Bar 2: ▲ Reverses (Closes strong)
█ ◄─ ENTER HERE
Bar 3: ■ Confirms
▲
DON'T WAIT for Bar 3!
Enter on Bar 2 close
```
### Perfect UTAD Entry
```
Bar 1: ▲ Breaks above (Spike vol OK)
█
Bar 2: ▼ Reverses (Closes weak)
█ ◄─ ENTER HERE
Bar 3: ■ Confirms
▼
SHORT on Bar 2 close
Don't wait for more confirmation
```
---
## COMPOSITE OPERATOR PSYCHOLOGY
### What Smart Money Does (Follow Them)
**Accumulation:**
```
1. Create fear (PS, SC)
2. Shake out weak hands (Spring)
3. Absorb supply quietly (Phase B)
4. Test for remaining supply (Test)
5. Mark it up (SOS → Phase E)
💰 They buy LOW when retail panics
```
**Distribution:**
```
1. Create euphoria (PSY, BC)
2. Trap late buyers (UTAD)
3. Distribute to buyers (Phase B)
4. Test for remaining demand (ST)
5. Mark it down (SOW → Phase E)
💰 They sell HIGH when retail buys
```
### Where to Look for Smart Money
```
💰 Buy signals appear at:
- Demand zones (green boxes)
- Springs and shakeouts
- Tests of support
- After selling climax
💰 Sell signals appear at:
- Supply zones (red boxes)
- UTAD and upthrusts
- Weak rallies (LPSY)
- After buying climax
```
---
## PRACTICE EXERCISES
### Exercise 1: Identify the Phase
Look at any chart and ask:
1. Is there a trading range? (Phase B likely)
2. Did we just stop a trend? (Phase A)
3. Was there a spring/UTAD? (Phase C)
4. Is there a breakout? (Phase D)
5. Is trend running? (Phase E)
### Exercise 2: Volume Analysis
For each bar, note:
- Volume level (High/Normal/Low)
- Spread (Wide/Normal/Narrow)
- Effort vs Result (Matching? Diverging?)
### Exercise 3: Find Historical Springs
Go back 6 months:
- Mark all springs you can find
- Note the setup before each
- Track what happened after
- Calculate win rate
---
## FINAL VISUALIZATION: The Complete Cycle
```
ACCUMULATION → MARKUP → DISTRIBUTION → MARKDOWN → ACCUMULATION...
Distribution Accumulation
(Top) (Bottom)
┌───────────────┐ ┌───────────────┐
│ BC UTAD │ │ Spring SC │
│ │ │ │ │ │ │ │
────┴───┴───┴───────┴─╲ ╱────────┴───┴───┴────
╲ ╱
Markdown ╲ ╱ Markup
(Phase E) ╲ ╱ (Phase E)
╲ ╱
╲ ╱
╲ ╱
╲ ╱
V
The market cycles endlessly
Your job: Identify where you are in the cycle
Trade accordingly
```
---
**Remember:**
- 📊 Study charts daily
- 📝 Journal every setup
- 🎯 Wait for the best signals
- 💰 Follow smart money
- ⏰ Be patient
- 🚀 Let winners run
**The indicator does the heavy lifting - you make the decisions!**
RSI+Breadth Multi-Factor# RSI+ Breadth Multi-Factor Indicator
**Multi-factor scoring system for US market timing | 美股多因子择时评分系统**
[! (img.shields.io)](www.tradingview.com)
[! (img.shields.io)](www.tradingview.com)
[! (img.shields.io)](LICENSE)
---
## Overview | 概述
A quantitative indicator that combines **RSI**, **market breadth** (% above 20/50-day MA), and **up/down volume ratio** to generate actionable buy/sell signals for SPY, QQQ, and IWM.
这是一个结合 **RSI**、**市场广度**（站上20/50日均线比例）和 **涨跌成交量比** 的量化指标，为 SPY、QQQ 和 IWM 生成可操作的买卖信号。
---
## Features | 功能特点
| Feature | 功能 |
|---------|------|
| 🎯 Multi-factor scoring (-10 to +10) | 多因子评分系统 (-10 到 +10) |
| 📊 RSI + Breadth + Volume integration | RSI + 广度 + 成交量三重验证 |
| 🔀 Three markets: SPY, QQQ, IWM | 三大市场：SPY、QQQ、IWM |
| 🔥 Cross-market resonance detection | 跨市场共振信号检测 |
| 📈 Trend filter (MA-based) | 趋势过滤（均线判断） |
| ⏰ Auto-adapts to intraday timeframes | 自动适配日内时间周期 |
| 🎚️ Three modes: Aggressive/Standard/Conservative | 三种模式：激进/标准/保守 |
---
## Signal Reference | 信号说明
| Score | Emoji | Signal | 中文 | Action |
|:-----:|:-----:|--------|:----:|--------|
| ≥ 6 | 🚀 | **PANIC LOW** | 恐慌低点 | Strong buy 强烈买入 |
| ≥ 4 | 📈 | **BUY ZONE** | 低吸区 | Accumulate 分批建仓 |
| -3~3 | - | **HOLD** | 持有 | Hold position 持仓观望 |
| ≤ -4↑ | ⭐ | **ELEVATED** | 高估 | Hold cautious 持有但谨慎 |
| ≤ -4↓ | ⚡ | **CAUTION** | 观望 | Take profit 止盈 |
| ≤ -6↓ | ⚠️ | **REDUCE** | 减仓 | Reduce position 减少仓位 |
> **↑ = Uptrend** (price > MA) | **↓ = Downtrend** (price < MA)
### Resonance Signals | 共振信号
| Emoji | Signal | Description |
|:-----:|--------|-------------|
| 🔥 | Resonance Buy | Multiple markets in buy zone 多市场同时低吸 |
| ❄️ | Resonance Risk | Multiple markets in risk zone 多市场同时高估 |
---
## Scoring Logic | 评分逻辑
### Factors | 因子
| Factor | Weight | Buy Score | Sell Score |
|--------|--------|-----------|------------|
| **RSI** | 1x | RSI < 30 → +2, < 40 → +1 | RSI > 75 → -2, > 65 → -1 |
| **FI (50D MA%)** | Bottom focus | < 25% → +3, < 35% → +2 | > 85% → -2, > 78% → -1 |
| **TW (20D MA%)** | Top focus | < 30% → +1 | > 82% → -3, > 72% → -2 |
| **Volume Ratio** | 1x | UVOL/DVOL < 0.5 → +2 | > 2.5 → -2 |
### Breadth Symbols | 广度数据
| Market | TW Symbol | FI Symbol | Volume |
|--------|-----------|-----------|--------|
| SPY (S&P 500) | INDEX:S5TW | INDEX:S5FI | USI:UVOL/DVOL |
| QQQ (NASDAQ) | INDEX:NCTW | INDEX:NCFI | USI:UVOLQ/DVOLQ |
| IWM (Russell 2000) | INDEX:R2TW | INDEX:R2FI | USI:UVOL/DVOL |
---
## Settings | 设置说明
### Mode | 模式
- **Aggressive**: Lower thresholds, shorter cooldown (5 bars)
- **Standard**: Balanced defaults (10 bar cooldown)
- **Conservative**: Higher thresholds, longer cooldown (15 bars)
### Key Parameters | 关键参数
| Parameter | Default | Description |
|-----------|---------|-------------|
| RSI Length | 14 | RSI calculation period |
| Trend MA Length | 10 | MA for trend filter |
| Cooldown Bars | 10 | Min bars between same signals |
| Resonance Window | 3 | Bars to check for multi-market agreement |
| Min Markets | 2 | # of markets needed for resonance |
---
## Usage | 使用方法
### Installation | 安装
1. Copy the indicator code
2. In TradingView: **Pine Editor** → **New** → Paste code → **Add to Chart**
### Recommended Setup | 推荐设置
- **Timeframe**: Daily (D) for best accuracy | 推荐日线图
- **Markets**: Apply on SPY, QQQ, or IWM | 应用于SPY/QQQ/IWM
- **Mode**: Start with "Standard" | 建议从"标准"模式开始
### Intraday Mode | 日内模式
The indicator automatically detects intraday timeframes and adjusts:
- Uses only RSI + Volume factors (TW/FI are daily-only data)
- Lowers signal thresholds accordingly
指标会自动检测日内周期并调整：
- 仅使用 RSI + 成交量因子（TW/FI 仅有日线数据）
- 相应降低信号触发阈值
---
## Dashboard | 仪表盘
Displays real-time factor breakdown:
```
┌────────┬───────┬────────┐
│ Factor │ Score │ Weight │
├────────┼───────┼────────┤
│ RSI │ 1.0 │ 1x │
│ FI(50D)│ 2.0 │ Bottom │
│ TW(20D)│ -1.0 │ Top │
│ Vol │ 1.0 │ 1x │
│ Trend │ ↑ │ 10MA │
├────────┼───────┼────────┤
│ Total │ 3.0 │ HOLD │
└────────┴───────┴────────┘
```
---
## Alerts | 警报
Available alerts for each market (SPY/QQQ/IWM):
- Panic Low / Buy Zone (entry signals)
- Reduce / Caution (exit signals)
- Resonance Buy / Risk (cross-market confirmation)
每个市场（SPY/QQQ/IWM）可设置以下警报：
- 恐慌低点 / 低吸区（入场信号）
- 减仓 / 观望（出场信号）
- 共振买入 / 风险（跨市场确认）
---
## Trend Filter | 趋势过滤
**Key feature**: Risk signals (CAUTION/REDUCE) only trigger when **price is below the trend MA**.
When price is above MA (uptrend), the indicator shows **ELEVATED** ⭐ instead, preventing premature exits during strong rallies.
**核心功能**：风险信号（观望/减仓）仅在 **价格跌破趋势均线** 时触发。
当价格在均线之上（上升趋势）时，指标显示 **高估** ⭐，避免在强势上涨中过早离场。
---
## Disclaimer | 免责声明
This indicator is for **educational and informational purposes only**. It is not financial advice. Past performance does not guarantee future results. Always do your own research and consider your risk tolerance before trading.
本指标仅供 **教育和参考用途**，不构成投资建议。历史表现不代表未来收益。交易前请自行研究并考虑风险承受能力。
---
## License | 许可
MIT License - Free to use and modify with attribution.
MIT 许可证 - 可自由使用和修改，请注明出处。
---
## Author | 作者
Built with ❤️ for the trading community.
为交易社区精心打造 ❤️
N-Consecutive Candle Marker (SMA Filter & Consolidated Alert)Certainly, here is the English version of the Pine Script description for posting on TradingView.
---
## 📈 N-Consecutive Candle Marker (SMA Filter & Consolidated Alert)
### 📝 Overview
This indicator automatically displays a **signal mark** on the chart when a user-defined number ($N$) of **consecutive bullish or bearish candles** occurs.
It includes an optional **SMA (Simple Moving Average) filter** to restrict signals to conditions favoring a **short-term counter-trend (reversal) trade**. It also consolidates both bullish and bearish signals into a **single alert mechanism** for simplified management.
### ⚙️ Key Features
#### 1. N-Consecutive Candle Detection
* **Consecutive Count (N)**: The indicator detects continuous candles of the same color based on the `Consecutive Candle Count (N)` input setting.
* **Bullish Signal (Red Marker)**: A mark is placed above the high of the closing candle after the bullish sequence is complete.
* **Bearish Signal (Blue Marker)**: A mark is placed below the low of the closing candle after the bearish sequence is complete.
#### 2. SMA Filter (Counter-Trend Logic)
When **`Use SMA Filter`** is enabled, the signal conditions are filtered against the SMA, which focuses on potential **short-term bounces or pullbacks** against the broader trend.
* **Bullish Signal Condition**: The consecutive bullish candles must close **below** the SMA (`close < sma_value`). This typically targets a bounce in a downtrend.
* **Bearish Signal Condition**: The consecutive bearish candles must close **above** the SMA (`close > sma_value`). This typically targets a pullback/dip in an uptrend.
#### 3. Performance & Alert Consolidation
* **Display Limit**: Enabling **`Use Display Limit`** restricts the plotted marks to the **last N bars** defined by `Limit Display to Last N Bars`. This automatically deletes old labels, helping to **maintain chart performance**.
* **Consolidated Alert**: Both bullish and bearish signals trigger the same **single `alert()` function**, simplifying the process of setting up notifications in TradingView.
### 💡 How to Use
1. Add the indicator to your chart.
2. Set the **`Consecutive Candle Count (N)`** to your desired number of consecutive bars (e.g., 3, 4, etc.).
3. If you want to use the reversal filter, switch **`Use SMA Filter (On/Off)`** to **On**. Adjust the `SMA Period` as needed.
4. In the TradingView alert creation menu, select this indicator and choose **"Any function call"** or **"N-Consecutive Candle Marker (SMA Filter & Consolidated Alert)"** to set up your consolidated alert.
> ⚠️ **Disclaimer**: This indicator detects specific candle patterns. Always combine this signal with other forms of technical analysis and context for making trading decisions.
ご要望いただいたTradingViewに投稿する際のインジケーターの説明文として、機能、使い方、フィルターロジックに焦点を当てた文章を作成しました。
この説明文は、Pine Scriptの公開ライブラリの投稿テンプレートに合わせて、**概要、使い方、主要機能**を明確に伝える構造にしています。
---
## 📈 N-Consecutive Candle Marker (SMA Filter & Consolidated Alert)
### 📝 概要 (Overview)
このインジケーターは、設定した本数（$N$）の**連続した陽線または陰線**が出現した際に、チャート上に**サイン（マーク）**を自動で表示します。
オプションで**SMA（単純移動平均線）フィルター**を適用することができ、トレンドの状況に応じた**短期的な逆張りサイン**に限定することが可能です。また、陽線サインと陰線サインを**一つのアラート**で統合して通知できるため、管理が容易です。
### ⚙️ 主要機能 (Key Features)
#### 1. N連続ローソク足の検出
* **連続本数の設定 (N)**: `Consecutive Candle Count (N)` の設定値に基づき、連続した同色ローソク足を検出します。
* **陽線サイン (Red Marker)**: 連続陽線が完了した足の高値の上にマークを表示します。
* **陰線サイン (Blue Marker)**: 連続陰線が完了した足の安値の下にマークを表示します。
#### 2. SMAフィルター (逆張りロジック)
`Use SMA Filter` を **オン** にすることで、サインの出現条件にトレンドフィルターを追加します。これは、トレンド方向に対する**一時的な反発・押し目**を狙う、**逆張り的なロジック**を採用しています。
* **陽線サインの出現条件**: 終値がSMAの**下**にある状態で、連続陽線が出現した場合。
* **陰線サインの出現条件**: 終値がSMAの**上**にある状態で、連続陰線が出現した場合。
#### 3. パフォーマンス最適化とアラート統合
* **表示制限**: `Use Display Limit` をオンにすると、描画されるマークの数を**直近のN本**に制限し、古いマークを自動で削除することで、チャート描画の**パフォーマンスを維持**します。
* **統合アラート**: 陽線・陰線どちらのサインが出た場合でも、**単一の `alert()` 関数**でメッセージを出し分けます。これにより、アラート設定をシンプルに保てます。
### 💡 使い方 (How to Use)
1. インジケーターをチャートに追加します。
2. **`Consecutive Candle Count (N)`** を希望する連続本数に設定します（例: 3本連続、4本連続など）。
3. トレンドフィルターを使用したい場合は、**`Use SMA Filter (On/Off)`** をオンに切り替えます。
4. TradingViewのアラート設定画面で、このインジケーターを選択し、**「どんな関数呼び出しでも」**または**「N-Consecutive Candle Marker (SMA Filter & Consolidated Alert)」**を選んでアラートを設定してください。
> ⚠️ **注意点**: このインジケーターは、連続足という特定のパターンのみを検出するものです。トレード判断を行う際は、他のテクニカル分析や環境認識と組み合わせてご利用ください。
YM Ultimate SNIPER# YM Ultimate SNIPER - Documentation & Trading Guide
## 🎯 Unified GRA + DeepFlow | YM-Optimized for Low Volatility
**TARGET: 3-7 High-Confluence Trades per Day**
> **Philosophy:** *YM's lower volatility is not a weakness—it's our edge. Predictability + precision = consistent profits.*
---
## ⚡ QUICK REFERENCE CARD
```
┌─────────────────────────────────────────────────────────────────────────────┐
│ YM ULTIMATE SNIPER - QUICK REFERENCE │
├─────────────────────────────────────────────────────────────────────────────┤
│ │
│ 💰 YM BASICS: │
│ ═════════════ │
│ • 1 tick = 1 point = $5/contract │
│ • Typical daily range: 150-400 points │
│ • 30-40% less volatile than NQ │
│ • More institutional, less retail noise │
│ │
├─────────────────────────────────────────────────────────────────────────────┤
│ │
│ 🎯 TIER THRESHOLDS (YM-OPTIMIZED): │
│ ══════════════════════════════════ │
│ S-TIER: 50+ pts = $250+/contract → HOLD (Institutional sweep) │
│ A-TIER: 25-49 pts = $125-245/contract → SWING (Strong momentum) │
│ B-TIER: 12-24 pts = $60-120/contract → SCALP (Quick grab) │
│ │
├─────────────────────────────────────────────────────────────────────────────┤
│ │
│ ⏰ SESSION WINDOWS: │
│ ═══════════════════ │
│ LDN → 3:00-5:00 AM ET (European flow) │
│ NY → 9:30-11:30 AM ET (US opening drive) │
│ PWR → 3:00-4:00 PM ET (End-of-day rebalancing) │
│ │
│ Expected Trades: 1-2 LDN | 2-3 NY | 1-2 PWR = 4-7 total │
│ │
├─────────────────────────────────────────────────────────────────────────────┤
│ │
│ 📊 CONFLUENCE SCORING (MAX 10 POINTS): │
│ ═══════════════════════════════════════ │
│ Tier Signal: S=3, A=2, B=1 points │
│ In Active Zone: +2 points │
│ POC Aligned: +1 point (POC at body extreme) │
│ Imbalance Support:+1 point (supporting IMB nearby) │
│ Strong Volume: +1 point (2x+ average) │
│ Strong Delta: +1 point (70%+ dominance) │
│ CVD Momentum: +1 point (CVD trending with signal) │
│ │
│ MINIMUM SCORE: 5/10 to show signal (adjustable) │
│ IDEAL SCORE: 7+/10 for highest probability │
│ │
├─────────────────────────────────────────────────────────────────────────────┤
│ │
│ 🚨 SIGNAL TYPES: │
│ ═════════════════ │
│ S🎯 / A🎯 / B🎯 → GRA Tier Signals (Full confluence) │
│ Z🎯 → Zone Entry (At DFZ zone + delta + volume) │
│ SP → Single Print (Institutional impulse) │
│ │
├─────────────────────────────────────────────────────────────────────────────┤
│ │
│ ✓ ENTRY CHECKLIST: │
│ ═══════════════════ │
│ □ Signal appears (check Score ≥5) │
│ □ Session active (LDN!/NY!/PWR!) │
│ □ Table: Vol GREEN, Delta colored, Body GREEN │
│ □ CVD arrow (▲/▼) matches direction │
│ □ Note stop/target lines on chart │
│ □ Check Zone status (bonus if IN ZONE) │
│ □ Execute at signal candle close │
│ │
├─────────────────────────────────────────────────────────────────────────────┤
│ │
│ 🎯 POSITION SIZING BY TIER: │
│ ═══════════════════════════ │
│ S-TIER (50+ pts): Full size, hold 2-5 min, target 2.5:1 R:R │
│ A-TIER (25-49): 75% size, hold 1-3 min, target 2.0:1 R:R │
│ B-TIER (12-24): 50% size, hold 30-90 sec, target 1.5:1 R:R │
│ │
├─────────────────────────────────────────────────────────────────────────────┤
│ │
│ ⛔ DO NOT TRADE WHEN: │
│ ════════════════════ │
│ ✗ Session shows "---" │
│ ✗ Score < 5/10 │
│ ✗ Vol shows RED (<1.8x) │
│ ✗ Delta < 62% │
│ ✗ Multiple conflicting signals │
│ ✗ Just before major news (FOMC, NFP, etc.) │
│ │
└─────────────────────────────────────────────────────────────────────────────┘
```
---
## 📋 WHY YM? LEVERAGING LOW VOLATILITY
### The YM Advantage
Most traders avoid YM because "it doesn't move enough." This is precisely why it's perfect for precision scalping:
| Factor | NQ | YM | Advantage |
|--------|----|----|-----------|
| **Daily Range** | 300-600 pts | 150-400 pts | More predictable moves |
| **Tick Value** | $5/tick (4 ticks/pt) | $5/tick (1 tick/pt) | Simpler math |
| **Retail Noise** | High | Low | Cleaner signals |
| **Whipsaws** | Frequent | Rare | Fewer fakeouts |
| **Trend Persistence** | Short | Long | Easier holds |
| **Fill Quality** | Variable | Consistent | Better execution |
### Why 3-7 Trades is the Sweet Spot
```
YM SESSION BREAKDOWN:
════════════════════
LONDON (3-5 AM ET): 1-2 trades
├── Why: European institutions positioning for US open
├── Character: Slow build-up, clean trends
└── Best signals: Zone entries + A/B tier
NY OPEN (9:30-11:30 AM ET): 2-3 trades
├── Why: Highest volume, most institutional activity
├── Character: Initial balance formation, breakouts
└── Best signals: S/A tier, zone confluence
POWER HOUR (3-4 PM ET): 1-2 trades
├── Why: End-of-day rebalancing, MOC orders
├── Character: Mean reversion or trend acceleration
└── Best signals: Zone entries, B tier quick scalps
TOTAL: 4-7 high-quality setups per day
```
---
## 🔧 YM-SPECIFIC OPTIMIZATIONS
This unified indicator has been specifically tuned for YM's characteristics:
### Tier Thresholds
| Tier | NQ (Original) | YM (Optimized) | Rationale |
|------|---------------|----------------|-----------|
| S-Tier | 100 pts | **50 pts** | YM's daily range is ~50% of NQ |
| A-Tier | 50 pts | **25 pts** | Proportional scaling |
| B-Tier | 20 pts | **12 pts** | Still 5%+ of typical daily range |
### Filter Adjustments
| Filter | NQ Value | YM Value | Why |
|--------|----------|----------|-----|
| Volume Ratio | 1.5x | **1.8x** | Higher bar = less retail noise |
| Delta Threshold | 60% | **62%** | Tighter for cleaner signals |
| Body Ratio | 70% | **72%** | More conviction required |
| Range Multiplier | 1.3x | **1.4x** | Bigger move = real signal |
| Gap ATR% | 30% | **25%** | Smaller gaps still significant |
| Zone Age | 50 bars | **75 bars** | Zones last longer in slow market |
### Why These Changes Work
1. **Higher Volume Bar**: YM has more institutional flow. Requiring 1.8x volume ensures we're catching real moves, not retail chop.
2. **Tighter Delta**: With less noise, we can demand clearer buyer/seller dominance before entering.
3. **Longer Zone Life**: YM trends persist longer. A zone that would be stale in NQ is still viable in YM.
4. **Smaller Gap Threshold**: YM gaps are naturally smaller. 25% of ATR in YM is significant institutional activity.
---
## 📊 CONFLUENCE SCORING SYSTEM
The unified indicator uses a 10-point confluence scoring system to filter for only the highest-probability setups:
### Score Breakdown
```
CONFLUENCE SCORE CALCULATION:
═════════════════════════════
BASE POINTS (Tier):
├── S-Tier signal: +3 points
├── A-Tier signal: +2 points
└── B-Tier signal: +1 point
BONUS POINTS:
├── Inside Active Zone (DFZ): +2 points
│ └── Price within bull/bear zone = institutional level
│
├── POC Alignment: +1 point
│ └── POC at body extreme = strong conviction
│
├── Imbalance Support: +1 point
│ └── Supporting imbalance within 1 ATR
│
├── Strong Volume (2x+): +1 point
│ └── Exceptional institutional participation
│
├── Strong Delta (70%+): +1 point
│ └── Clear one-sided aggression
│
└── CVD Momentum: +1 point
└── CVD trending with signal direction
MAXIMUM POSSIBLE: 10 points
```
### Score Interpretation
| Score | Quality | Action | Expected Win Rate |
|-------|---------|--------|-------------------|
| 8-10 | 🥇 Elite | Full size, hold for target | 75-80% |
| 6-7 | 🥈 Strong | Standard size, manage actively | 65-70% |
| 5 | 🥉 Valid | Reduced size, quick scalp | 55-60% |
| <5 | ⚫ Filtered | No signal shown | N/A |
### Adjusting Minimum Score
- **Conservative (Score ≥6)**: Fewer trades, higher win rate
- **Standard (Score ≥5)**: Balanced approach, 3-7 trades/day
- **Aggressive (Score ≥4)**: More trades, requires active management
---
## 📐 SIGNAL TYPES EXPLAINED
### 1. GRA Tier Signals (S🎯, A🎯, B🎯)
These are the primary signals from the merged GRA system:
```
TIER SIGNAL REQUIREMENTS:
═══════════════════════════
ALL must be TRUE:
├── ✓ Point movement meets tier threshold
├── ✓ Volume ≥ 1.8x average
├── ✓ Delta ≥ 62% (buy or sell dominance)
├── ✓ Body ≥ 72% of candle range
├── ✓ Range ≥ 1.4x average
├── ✓ Small opposite wick (<50% of body)
├── ✓ CVD confirms direction (if enabled)
├── ✓ Active session (LDN/NY/PWR)
└── ✓ Confluence Score ≥ minimum (default 5)
```
### 2. Zone Entry Signals (Z🎯)
When price enters a DeepFlow zone with confirmation:
```
ZONE ENTRY REQUIREMENTS:
═══════════════════════════
ALL must be TRUE:
├── ✓ Price inside fresh/tested zone (not broken)
├── ✓ Delta ≥ 62% in zone direction
├── ✓ Volume ≥ 1.5x average
└── ✓ Active session
NOTE: Z🎯 only appears when NOT already showing tier signal
(prevents duplicate signals on same candle)
```
### 3. Single Print Markers (SP)
Mark institutional impulse candles for future S/R:
```
SINGLE PRINT REQUIREMENTS:
═══════════════════════════
ALL must be TRUE:
├── ✓ Range ≥ 1.6x average
├── ✓ Body ≥ 72% of range
├── ✓ Volume ≥ 1.8x average
├── ✓ Delta ≥ 62% confirms direction
└── ✓ Active session
USE: Horizontal lines at high/low act as future S/R
```
---
## 🎯 TRADING STRATEGIES
### Strategy 1: Zone + Tier Confluence (Highest Probability)
```
THE ULTIMATE YM SETUP:
═══════════════════════
Setup:
1. Active DeepFlow zone exists (green box below for long)
2. Price pulls back INTO the zone
3. Tier signal fires INSIDE the zone (S🎯/A🎯)
4. Score shows 7+/10
Entry: Signal candle close
Stop: Below zone bottom (for longs)
Target: Based on tier (1.5-2.5:1 R:R)
Why It Works:
• Zone = institutional limit orders
• Tier signal = momentum confirmation
• Double confirmation = high probability
Expected Win Rate: 70-75%
```
### Strategy 2: Pure Tier Signal with POC Stop
```
SNIPER TIER TRADE:
══════════════════
Setup:
1. Tier signal appears (preferably A or S)
2. Score ≥ 5/10
3. Note POC level on signal candle
4. Red/green stop/target lines appear
Entry: Signal candle close
Stop: Beyond POC (shown on chart)
Target: Auto-calculated based on tier
Key: POC placement matters
• POC near candle bottom (longs) = STRONG
• POC in middle = weaker signal
• POC at extreme = possible exhaustion
Expected Win Rate: 60-65%
```
### Strategy 3: Zone Bounce (Continuation)
```
ZONE BOUNCE TRADE:
══════════════════
Setup:
1. Fresh zone created during session
2. Price leaves zone, moves in zone direction
3. Price returns to test zone (within 15 bars)
4. Z🎯 signal appears or rejection candle forms
Entry: At CE line (middle of zone)
Stop: Beyond zone edge
Target: Previous swing high/low
Why It Works:
• Zones represent unfilled orders
• First retest often finds support/resistance
• Lower volatility = cleaner bounces
Expected Win Rate: 55-60%
```
### Strategy 4: Single Print Scalp
```
SINGLE PRINT SCALP:
═══════════════════
Setup:
1. Single Print (SP) marker appears
2. Note the gold/purple lines at high/low
3. Wait for price to return to SP level
4. Look for rejection or tier signal at level
Entry: At SP line with confirmation
Stop: Beyond the SP line
Target: Quick 1:1 or to next structure
Why It Works:
• SP = price moved too fast, orders unfilled
• Price often returns to "fill" these levels
• YM's slower pace makes retests likely
Expected Win Rate: 55-60%
```
---
## 📊 TABLE LEGEND
| Field | Reading | Color Meaning |
|-------|---------|---------------|
| **Pts** | Current candle points | Gold/Green/Yellow = Tiered |
| **Tier** | S/A/B/X | Tier color or white |
| **Vol** | Volume ratio | 🟢 ≥1.8x, 🔴 <1.8x |
| **Delta** | Buy/Sell % | 🟢 Buy dom, 🔴 Sell dom |
| **Body** | Body % of range | 🟢 ≥72%, 🔴 <72% |
| **CVD** | Trend direction | ▲ Bullish, ▼ Bearish |
| **Sess** | Active session | 🟡 LDN!/NY!/PWR!, ⚫ --- |
| **POC** | Point of Control | 🟡 Gold price level |
| **Zone** | Zone position | 🟢 BUY⬚, 🔴 SELL⬚, ⚫ --- |
| **Zones** | Active zone count | #B/#S format |
| **Score** | Confluence score | 🟢 7+, 🟡 5-6, ⚫ <5 |
| **IMB** | Recent imbalances | Count in last 10 bars |
| **R:R** | Risk/Reward | 🟢 On signal, ⚫ No signal |
---
## ⏰ SESSION-SPECIFIC PLAYBOOKS
### London Session (3:00-5:00 AM ET)
```
CHARACTER: Slow, methodical, trend-building
VOLUME: Medium (50-70% of NY)
BEST SETUPS: Zone entries, A/B tier with zones
PLAYBOOK:
• Enter on zone retests
• Expect 15-25 pt moves
• Don't fight early direction
• Watch for pre-NY positioning
TYPICAL TRADES: 1-2
```
### NY Open (9:30-11:30 AM ET)
```
CHARACTER: Fast, volatile, high-conviction
VOLUME: Highest of day
BEST SETUPS: S/A tier, zone confluence
PLAYBOOK:
• First 15 min: Observe Initial Balance
• 9:45-10:15: Best setups form
• S-tier signals = ride the wave
• Be aggressive on high scores
TYPICAL TRADES: 2-3
```
### Power Hour (3:00-4:00 PM ET)
```
CHARACTER: Rebalancing, MOC orders
VOLUME: Medium-high (70-80% of NY)
BEST SETUPS: B tier scalps, zone entries
PLAYBOOK:
• Watch for mean reversion setups
• Quick scalps around POC levels
• Don't hold through close
• Take profits at 1:1 R:R
TYPICAL TRADES: 1-2
```
---
## 🔧 RECOMMENDED SETTINGS
### Conservative (Fewer, Better Trades)
| Setting | Value | Notes |
|---------|-------|-------|
| Min Confluence Score | 6 | Only strong setups |
| Min Volume Ratio | 2.0 | Higher bar |
| Delta Threshold | 65% | Stricter dominance |
| Max Zones | 8 | Less clutter |
### Standard (Balanced)
| Setting | Value | Notes |
|---------|-------|-------|
| Min Confluence Score | 5 | Default |
| Min Volume Ratio | 1.8 | Default |
| Delta Threshold | 62% | Default |
| Max Zones | 12 | Default |
### Aggressive (More Opportunities)
| Setting | Value | Notes |
|---------|-------|-------|
| Min Confluence Score | 4 | More signals |
| Min Volume Ratio | 1.5 | Lower bar |
| Delta Threshold | 60% | Looser |
| Max Zones | 15 | More context |
---
## 🚨 ALERT SETUP
Configure these alerts in TradingView:
| Alert | Priority | Action |
|-------|----------|--------|
| 🎯 YM S-TIER LONG/SHORT | 🔴 CRITICAL | Drop everything, check immediately |
| 🎯 YM A-TIER LONG/SHORT | 🟠 HIGH | Evaluate within 15 seconds |
| 🎯 YM B-TIER LONG/SHORT | 🟡 MEDIUM | Check if available |
| 🎯 YM ZONE BUY/SELL | 🟢 STANDARD | Good context entry |
| 📦 NEW ZONE | 🔵 INFO | Mark on mental map |
| ⭐ SINGLE PRINT | 🔵 INFO | Note for future S/R |
| SESSION OPEN | ⚪ INFO | Prepare to trade |
### Alert Message Format
```
🎯 YM A-LONG | YM1! @ 42,150 | 68%B | Score: 7/10 | IN ZONE | POC: 42,125 | Stop: 42,098 | SWING
```
---
## ⚠️ COMMON MISTAKES TO AVOID
| Mistake | Why It's Bad | Solution |
|---------|-------------|----------|
| Trading outside sessions | Low volume = noise | Wait for LDN/NY/PWR |
| Ignoring score | Low scores = low probability | Require ≥5/10 |
| Fighting the zone | Zones are institutional | Trade WITH zones |
| Oversizing B-tier | Quick scalps, not holds | 50% size max |
| Holding through news | Volatility spike | Exit before FOMC, NFP |
| Chasing after signal | Entry on close only | Miss it = wait for next |
| Ignoring POC position | Middle POC = indecision | Strong = extreme POC |
---
## 📈 DAILY TRADE JOURNAL TEMPLATE
```
DATE: ___________
SESSION: □ LDN □ NY □ PWR
TRADE 1:
├── Time: _______
├── Signal: S🎯 / A🎯 / B🎯 / Z🎯
├── Score: ___/10
├── Entry: _______
├── Stop: _______
├── Target: _______
├── In Zone: □ Yes □ No
├── Result: +/- ___ pts ($_____)
└── Notes: _______________________
TRADE 2:
DAILY SUMMARY:
├── Total Trades: ___
├── Win Rate: ___%
├── Net P/L: $_____
├── Best Setup: _______
└── Improvement: _______________________
```
---
## 🏆 GOLDEN RULES FOR YM
> **"YM rewards patience. Wait for the confluence—it's worth it."**
> **"Low volatility means you can size up. One good trade beats five forced trades."**
> **"Score 7+ is your edge. Anything less is gambling."**
> **"The zone + tier combo is your bread and butter. Master it."**
> **"Leave every trade with money. YM gives you time to manage."**
---
## 📊 VISUAL GUIDE
```
PERFECT YM SNIPER SETUP:
═══════════════════════════════════════════════════════════════════
│ Current Price
│
┌─────────────────────────┴────────────────────────────┐
│ BEARISH ZONE (Red) │
│- - - - - - - CE Line (Entry for shorts) - - - - - - │
│ │
└──────────────────────────────────────────────────────┘
│
══════════════════╪══════════════════ SP High (Purple)
│
┌─────────────────────┤
│█████████████████████│ ← A🎯 LONG Signal
│█████████████████████│ Score: 8/10
│ ●──────────────────│ ← POC (Gold) near bottom = STRONG
│█████████████████████│
│█████████████████████│
└─────────────────────┤
│
══════════════════╪══════════════════ SP Low (Purple)
│
┌─────────────────────────┴────────────────────────────┐
│ BULLISH ZONE (Green) │
│- - - - - - - CE Line (Entry for longs) - - - - - - -│
│██████████████████████████████████████████████████████│
└──────────────────────────────────────────────────────┘
│
Stop Loss
CONFLUENCE CHECK:
✓ A-Tier signal (+2)
✓ At edge of bullish zone (+2)
✓ POC at bottom of candle (+1)
✓ Strong volume 2.3x (+1)
✓ Delta 72% buyers (+1)
✓ CVD bullish (+1)
TOTAL: 8/10 = ELITE SETUP
ACTION: Full size LONG at signal candle close
STOP: Below zone bottom
TARGET: 2:1 R:R (auto-calculated)
```
---
## 🔧 TROUBLESHOOTING
| Issue | Cause | Fix |
|-------|-------|-----|
| No signals appearing | Score too high | Lower min score to 4-5 |
| Too many signals | Score too low | Raise min score to 6+ |
| Zones cluttering chart | Max zones high | Reduce to 8-10 |
| POC not showing | Tiered filter on | Check "POC Only Tiered" |
| Session not highlighting | Wrong timezone | Verify timezone setting |
| Alerts not firing | Not configured | Set up in TradingView alerts |
---
## 📝 PINE SCRIPT V6 TECHNICAL NOTES
This indicator uses advanced features:
- **User Defined Types (UDT)**: Clean state management for zones/imbalances
- **`request.security_lower_tf()`**: Intrabar volume analysis
- **Dynamic Array Management**: Efficient memory for drawings
- **Confluence Scoring Engine**: Multi-factor signal qualification
- **Auto Stop/Target**: Dynamic risk management calculation
**Minimum TradingView Plan:** Pro (for intrabar data access)
---
*© Alexandro Disla - YM Ultimate SNIPER*
*Pine Script v6 | TradingView*
*Unified GRA v5 + DeepFlow Zones | YM-Optimized*
NQUSB Sector Industry Stocks Strength
A Comprehensive Multi-Industry Performance Comparison Tool
The complete Pine Script code and supporting Python automation scripts are available on GitHub:
GitHub Repository: github.com
Original idea from by www.tradingview.com
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
═══ WHAT'S NEW ═══
4-Level Hierarchical Navigation:
Primary: All 11 NQUSB sectors (NQUSB10, NQUSB15, NQUSB20, etc.)
Secondary (Default): Broad sectors like Technology, Energy
Tertiary: Industry groups within sectors
Quaternary: Individual stocks within industries (37 semiconductors)
Enhanced Stock Coverage:
1,176 total stocks across 129 industries
37 semiconductor stocks
Market-cap weighted selection: 60% tech / 35% others
Range: 1-37 stocks per industry
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
═══ CORE FEATURES ═══
1. Drill-Down/Drill-Up Navigation
View NVDA at different granularity levels:
Quaternary: ● NVDA ranks #3 of 37 semiconductors
Tertiary: ✓ Semiconductors at 85% (strongest in tech hardware)
Secondary: ✓ Tech Hardware at 82% (stronger than software)
Primary: ✓ Technology at 78% (#1 sector overall)
Insight: One indicator, one stock, four perspectives - instantly see if strength is stock-specific, industry-specific, or sector-wide.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
2. Visual Current Stock Identification
Violet Markers - Instant Recognition:
● (dot) marker when current stock is in top N performers
✕ (cross) marker when current stock is below top N
Violet color (#9C27B0) on both symbol and value labels
Example: "NVDA ● ranks #3 of 37"
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
3. Rank Display in Title
Dynamic title shows performance context:
"Semiconductors (RS Rating - 3 Months) | NVDA ranks #3 of 37"
#1 = Best performer, higher number = lower rank
Total adjusts if current stock auto-added
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
4. Auto-Add Current Stock
Always Included:
Current stock automatically added if not in predefined list
Example: Viewing PRSO → "PRSO ranks #37 of 39 ✕"
Works for any stock - from NVDA to obscure small-caps
Violet markers ensure visibility even when ranked low
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
═══ DUAL PERFORMANCE METRICS ═══
RS Rating (Relative Strength):
Normalized strength score 1-99
Compare stocks across different price ranges
Default benchmark: SPX
% Return:
Simple percentage price change
Direct performance comparison
11 Time Periods:
1 Week, 2 Weeks, 1 Month, 2 Months, 3 Months (Default) , 6 Months, 1 Year, YTD, MTD, QTD, Custom (1-500 days)
Result: 22 analytical combinations (2 metrics × 11 periods)
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
═══ USE CASES ═══
Sector Rotation Analysis:
Is NVDA's strength semiconductors-specific or tech-wide?
Drill through all 4 levels to find answer
Identify which industry groups are leading/lagging
Finding Hidden Gems:
JPM ranks #3 of 13 in Major Banks
But Financials sector weak overall (68%)
= Relative strength play in weak sector
Cross-Industry Comparison:
129 industries covered
Market-wide scan capability
Find strongest performers across all sectors
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
═══ TECHNICAL SPECIFICATIONS ═══
V32 Stats:
Total Industries: 129
Total Stocks: 1,176
File Size: 82,032 bytes (80.1 KB)
Request Limit: 39 max (Semiconductors), 10-16 typical
Granularity Levels: 4 (Primary → Quaternary)
Smart Stock Allocation:
Technology industries: 60% coverage
Other industries: 35% coverage
Market-cap weighted selection
Formula: MIN(39, MAX(5, CEILING(total × percentage)))
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
═══ KEY ADVANTAGES ═══
vs. Single Industry Tools:
✓ 129 industries vs 1
✓ Market-wide perspective
✓ Hierarchical navigation
✓ Sector rotation detection
vs. Manual Comparison:
✓ No ETF research needed
✓ Instant visual markers
✓ Automatic ranking
✓ One-click drill-down
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
For complete documentation, Python automation scripts, and CSV data files:
github.com
Version: V32
Last Updated: 2025-11-30
Pine Script Version: v5
Hilly's Advanced Crypto Scalping Strategy - 5 Min ChartTo determine the "best" input parameters for the Advanced Crypto Scalping Strategy on a 5-minute chart, we need to consider the goals of optimizing for profitability, minimizing false signals, and adapting to the volatile nature of cryptocurrencies. The default parameters in the script are a starting point, but the optimal values depend on the specific cryptocurrency pair, market conditions, and your risk tolerance. Below, I'll provide recommended input values based on common practices in crypto scalping, along with reasoning for each parameter. I’ll also suggest how to fine-tune them using TradingView’s backtesting and optimization tools.
Recommended Input Parameters
These values are tailored for a 5-minute chart for liquid cryptocurrencies like BTC/USD or ETH/USD on exchanges like Binance or Coinbase. They aim to balance signal frequency and accuracy for day trading.
Fast EMA Length (emaFastLen): 9
Reasoning: A 9-period EMA is commonly used in scalping to capture short-term price movements while remaining sensitive to recent price action. It reacts faster than the default 10, aligning with the 5-minute timeframe.
Slow EMA Length (emaSlowLen): 21
Reasoning: A 21-period EMA provides a good balance for identifying the broader trend on a 5-minute chart. It’s slightly longer than the default 20 to reduce noise while confirming the trend direction.
RSI Length (rsiLen): 14
Reasoning: The default 14-period RSI is a standard choice for momentum analysis. It works well for detecting overbought/oversold conditions without being too sensitive on short timeframes.
RSI Overbought (rsiOverbought): 75
Reasoning: Raising the overbought threshold to 75 (from 70) reduces false sell signals in strong bullish trends, which are common in crypto markets.
RSI Oversold (rsiOversold): 25
Reasoning: Lowering the oversold threshold to 25 (from 30) filters out weaker buy signals, ensuring entries occur during stronger reversals.
MACD Fast Length (macdFast): 12
Reasoning: The default 12-period fast EMA for MACD is effective for capturing short-term momentum shifts in crypto, aligning with scalping goals.
MACD Slow Length (macdSlow): 26
Reasoning: The default 26-period slow EMA is a standard setting that works well for confirming momentum trends without lagging too much.
MACD Signal Smoothing (macdSignal): 9
Reasoning: The default 9-period signal line is widely used and provides a good balance for smoothing MACD crossovers on a 5-minute chart.
Bollinger Bands Length (bbLen): 20
Reasoning: The default 20-period Bollinger Bands are effective for identifying volatility breakouts, which are key for scalping in crypto markets.
Bollinger Bands Multiplier (bbMult): 2.0
Reasoning: A 2.0 multiplier is standard and captures most price action within the bands. Increasing it to 2.5 could reduce signals but improve accuracy in highly volatile markets.
Stop Loss % (slPerc): 0.8%
Reasoning: A tighter stop loss of 0.8% (from 1.0%) suits the high volatility of crypto, helping to limit losses on false breakouts while keeping risk manageable.
Take Profit % (tpPerc): 1.5%
Reasoning: A 1.5% take-profit target (from 2.0%) aligns with scalping’s goal of capturing small, frequent gains. Crypto markets often see quick reversals, so a smaller target increases the likelihood of hitting profits.
Use Candlestick Patterns (useCandlePatterns): True
Reasoning: Enabling candlestick patterns (e.g., engulfing, hammer) adds confirmation to signals, reducing false entries in choppy markets.
Use Volume Filter (useVolumeFilter): True
Reasoning: The volume filter ensures signals occur during high-volume breakouts, which are more likely to sustain in crypto markets.
Signal Arrow Size (signalSize): 2.0
Reasoning: Increasing the arrow size to 2.0 (from 1.5) makes buy/sell signals more visible on the chart, especially on smaller screens or volatile price action.
Background Highlight Transparency (bgTransparency): 85
Reasoning: A slightly higher transparency (85 from 80) keeps the background highlights subtle but visible, avoiding chart clutter.
How to Apply These Parameters
Copy the Script: Use the Pine Script provided in the previous response.
Paste in TradingView: Open TradingView, go to the Pine Editor, paste the code, and click "Add to Chart."
Set Parameters: In the strategy settings, manually input the recommended values above or adjust them via the input fields.
Test on a 5-Minute Chart: Apply the strategy to a liquid crypto pair (e.g., BTC/USDT, ETH/USDT) on a 5-minute chart.
Fine-Tuning for Optimal Performance
To find the absolute best parameters for your specific trading pair and market conditions, use TradingView’s Strategy Tester and optimization features:
Backtesting:
Run the strategy on historical data for your chosen pair (e.g., BTC/USDT on Binance).
Check metrics like Net Profit, Profit Factor, Win Rate, and Max Drawdown in the Strategy Tester.
Focus on a sample period of at least 1–3 months to capture various market conditions (bull, bear, sideways).
Parameter Optimization:
In the Strategy Tester, click the settings gear next to the strategy name.
Enable optimization for key inputs like emaFastLen (test range: 7–12), emaSlowLen (15–25), slPerc (0.5–1.5), and tpPerc (1.0–3.0).
Run the optimization to find the combination with the highest net profit or best Sharpe ratio, but avoid over-optimization (curve-fitting) by testing on out-of-sample data.
Market-Specific Adjustments:
Volatile Pairs (e.g., DOGE/USDT): Use tighter stop losses (e.g., 0.5–0.7%) and smaller take-profit targets (e.g., 1.0–1.2%) to account for rapid price swings.
Stable Pairs (e.g., BTC/USDT): Slightly wider stop losses (e.g., 1.0–1.2%) and take-profit targets (e.g., 1.8–2.5%) may work better.
Trending Markets: Increase emaSlowLen (e.g., to 25–30) to follow stronger trends.
Choppy Markets: Tighten bbMult (e.g., to 1.8) and lower rsiOverbought/rsiOversold (e.g., to 70/30) to filter noise.
Forward Testing:
After backtesting, run the strategy in real-time on a demo account for 1–2 weeks to validate performance under current market conditions.
Important Notes
No Universal "Best" Numbers: Optimal parameters vary by crypto pair, exchange, and market conditions (e.g., bull vs. bear market). The suggested values are a starting point based on common scalping practices.
Risk Management: Never risk more than 1–2% of your account per trade. Adjust position sizing in TradingView’s strategy settings to align with your risk tolerance.
Market Volatility: Crypto markets are highly volatile. Test the strategy on your specific pair and adjust parameters if signals are too frequent or too rare.
Not Financial Advice: This is an educational tool. Backtest thoroughly and use a demo account before trading with real funds.
If you want me to generate a chart showing backtest performance for specific parameters or to tweak the script further (e.g., adding more indicators or adjusting signal logic), let me know!can you add clear buy ans sell signs above the candles in this codeTo add clear buy and sell signals above the candles in the provided Pine Script, I'll modify the existing code to include prominent text labels directly above (for sell signals) and below (for buy signals) the candles. These labels will be larger, color-coded, and positioned to avoid clutter, ensuring they are easily visible on the chart. The core strategy logic (EMA, RSI, MACD, Bollinger Bands, candlestick patterns, and volume filter) will remain unchanged, and I'll reuse the same artifact_id since this is an update to the previous script.AdvancedCryptoScalpingStrategy.pinex-pine
[blackcat] L1 Value Trend IndicatorOVERVIEW
The L1 Value Trend Indicator is a sophisticated technical analysis tool designed for TradingView users seeking advanced market trend identification and trading signals. This comprehensive indicator combines multiple analytical techniques to provide traders with a holistic view of market dynamics, helping identify potential entry and exit points through various signal mechanisms. 📈 It features a main Value Trend line along with a lagged version, golden cross and dead cross signals, and multiple technical indicators including RSI, Williams %R, Stochastic %K/D, and Relative Strength calculations. The indicator also includes reference levels for support and resistance analysis, making it a versatile tool for both short-term and long-term trading strategies. ✅
FEATURES
📈 Primary Value Trend Line: Calculates a smoothed value trend using a combination of SMA and custom smoothing techniques
🔍 Value Trend Lag: Implements a lagged version of the main trend line for cross-over analysis
🚀 Golden Cross & Dead Cross Signals: Identifies buy/sell opportunities when the main trend line crosses its lagged version
💸 Multi-Indicator Integration: Combines multiple technical analysis tools for comprehensive market view
📊 RSI Calculations: Includes 6-period, 7-period, and 13-period RSI calculations for momentum analysis
📈 Williams %R: Provides overbought/oversold conditions using the Williams %R formula
📉 Stochastic Oscillator: Implements both Stochastic %K and %D calculations for momentum confirmation
📋 Relative Strength: Calculates relative strength based on highest highs and current price
✅ Visual Labels: Displays BUY and SELL labels on chart when crossover conditions are met
📣 Alert Conditions: Provides automated alert conditions for golden cross and dead cross events
📌 Reference Levels: Plots entry (25) and exit (75) reference lines for support/resistance analysis
HOW TO USE
Copy the Script: Copy the complete Pine Script code from the original file
Open TradingView: Navigate to TradingView website or application
Access Pine Editor: Go to the Pine Script editor (usually found in the chart toolbar)
Paste Code: Paste the copied script into the editor
Save Script: Save the script with a descriptive name like " L1 Value Trend Indicator"
Select Chart: Choose the chart where you want to apply the indicator
Add Indicator: Apply the indicator to your chart
Configure Parameters: Adjust input parameters to customize behavior
Monitor Signals: Watch for golden cross (BUY) and dead cross (SELL) signals
Use Reference Levels: Monitor entry (25) and exit (75) lines for support/resistance levels
LIMITATIONS
⚠️ Potential Repainting: The script may repaint due to lookahead bias in some calculations
📉 Lookahead Bias: Some calculations may reference future values, potentially causing repainting issues
🔄 Parameter Sensitivity: Results may vary significantly with different parameter settings
📉 Computational Complexity: May impact chart performance with heavy calculations on large datasets
📊 Resource Usage: Requires significant processing power for multiple indicator calculations
🔄 Data Sensitivity: Results may be affected by data quality and market conditions
NOTES
📈 Signal Timing: Cross-over signals may lag behind actual price movements
📉 Parameter Optimization: Optimal parameters may vary by market conditions and asset type
📋 Market Conditions: Performance may vary significantly across different market environments
📈 Multi-Indicator: Combine signals with other technical indicators for confirmation
📉 Timeframe Analysis: Use multiple timeframes for enhanced signal accuracy
📋 Volume Analysis: Incorporate volume data for additional confirmation
📈 Strategy Integration: Consider using this indicator as part of a broader trading strategy
📉 Risk Management: Use signals as part of a comprehensive risk management approach
📋 Backtesting: Test parameter combinations with historical data before live trading
THANKS
🙏 Original Creator: blackcat1402 creates the L1 Value Trend Indicator
📚 Community Contributions: Recognition to TradingView community for continuous improvements and contributions
📈 Collaborative Development: Appreciation for collaborative efforts in enhancing technical analysis tools
📉 TradingView Community: Special thanks to TradingView community members for their ongoing support and feedback
📋 Educational Resources: Recognition of educational resources that helped in understanding technical analysis principles
Divergence Screener [Trendoscope®]🎲Overview
The Divergence Screener is a powerful TradingView indicator designed to detect and visualize bullish and bearish divergences, including hidden divergences, between price action and a user-selected oscillator. Built with flexibility in mind, it allows traders to customize the oscillator type, trend detection method, and other parameters to suit various trading strategies. The indicator is non-overlay, displaying divergence signals directly on the oscillator plot, with visual cues such as lines and labels on the chart for easy identification.
This indicator is ideal for traders seeking to identify potential reversal or continuation signals based on price-oscillator divergences. It supports multiple oscillators, trend detection methods, and alert configurations, making it versatile for different markets and timeframes.
🎲Features
🎯Customizable Oscillator Selection
Built-in Oscillators : Choose from a variety of oscillators including RSI, CCI, CMO, COG, MFI, ROC, Stochastic, and WPR.
External Oscillator Support : Users can input an external oscillator source, allowing integration with custom or third-party indicators.
Configurable Length : Adjust the oscillator’s period (e.g., 14 for RSI) to fine-tune sensitivity.
🎯Divergence Detection
The screener identifies four types of divergences:
Bullish Divergence : Price forms a lower low, but the oscillator forms a higher low, signaling potential upward reversal.
Bearish Divergence : Price forms a higher high, but the oscillator forms a lower high, indicating potential downward reversal.
Bullish Hidden Divergence : Price forms a higher low, but the oscillator forms a lower low, suggesting trend continuation in an uptrend.
Bearish Hidden Divergence : Price forms a lower high, but the oscillator forms a higher high, suggesting trend continuation in a downtrend.
🎯Flexible Trend Detection
The indicator offers three methods to determine the trend context for divergence detection:
Zigzag : Uses zigzag pivots to identify trends based on higher highs (HH), higher lows (HL), lower highs (LH), and lower lows (LL).
MA Difference : Calculates the trend based on the difference in a moving average (e.g., SMA, EMA) between divergence pivots.
External Trend Signal : Allows users to input an external trend signal (positive for uptrend, negative for downtrend) for custom trend analysis.
🎯Zigzag-Based Pivot Analysis
Customizable Zigzag Length : Adjust the zigzag length (default: 13) to control the sensitivity of pivot detection.
Repaint Option : Choose whether divergence lines repaint based on the latest data or wait for confirmed pivots, balancing responsiveness and reliability.
🎯Visual and Alert Features
Divergence Visualization : Divergence lines are drawn between price pivots and oscillator pivots, color-coded for easy identification:
Bullish Divergence : Green
Bearish Divergence : Red
Bullish Hidden Divergence : Lime
Bearish Hidden Divergence : Orange
Labels and Tooltips : Labels (e.g., “D” for divergence, “H” for hidden) appear on price and oscillator pivots, with tooltips providing detailed information such as price/oscillator values, ratios, and pivot directions.
Alerts : Configurable alerts for each divergence type (bullish, bearish, bullish hidden, bearish hidden) trigger on bar close, ensuring timely notifications.
🎲 How It Works
🎯Oscillator Calculation
The indicator calculates the selected oscillator (or uses an external source) and plots it on the chart.
Oscillator values are stored in a map for reference during divergence calculations.
🎯Pivot Detection
A zigzag algorithm identifies pivots in the oscillator data, with configurable length and repainting options.
Price and oscillator pivots are compared to detect divergences based on their direction and ratio.
🎯Divergence Identification
The indicator compares price and oscillator pivot directions (HH, HL, LH, LL) to identify divergences.
Trend context is determined using the selected method (Zigzag, MA Difference, or External).
Divergences are classified as bullish, bearish, bullish hidden, or bearish hidden based on price-oscillator relationships and trend direction.
🎯Visualization and Alerts
Valid divergences are drawn as lines connecting price and oscillator pivots, with corresponding labels.
Alerts are triggered for allowed divergence types, providing detailed information via tooltips.
🎯Validation
Divergence lines are validated to ensure no intermediate bars violate the divergence condition, enhancing signal reliability.
🎲 Usage Instructions as Indicator
🎯Add to Chart:
Add the “Divergence Screener ” to your TradingView chart.
The indicator appears in a separate pane below the price chart, plotting the oscillator and divergence signals.
🎯Configure Settings:
Adjust the oscillator type and length to match your trading style.
Select a trend detection method and configure related parameters (e.g., MA type/length or external signal).
Set the zigzag length and repainting preference.
Enable/disable alerts for specific divergence types.
I🎯nterpret Signals:
Bullish Divergence (Green) : Look for potential buy opportunities in a downtrend.
Bearish Divergence (Red) : Consider sell opportunities in an uptrend.
Bullish Hidden Divergence (Lime) : Confirm continuation in an uptrend.
Bearish Hidden Divergence (Orange): Confirm continuation in a downtrend.
Use tooltips on labels to review detailed pivot and divergence information.
🎯Set Alerts:
Create alerts for each divergence type to receive notifications via TradingView’s alert system.
Alerts include detailed text with price, oscillator, and divergence information.
🎲 Example Scenarios as Indicator
🎯 With External Oscillator (Use MACD Histogram as Oscillator)
In order to use MACD as an oscillator for divergence signal instead of the built in options, follow these steps.
Load MACD Indicator from Indicator library
From Indicator settings of Divergence Screener, set Use External Oscillator and select MACD Histograme from the dropdown
You can now see that the oscillator pane shows the data of selected MACD histogram and divergence signals are generated based on the external MACD histogram data.
🎯 With External Trend Signal (Supertrend Ladder ATR)
Now let's demonstrate how to use external direction signals using Supertrend Ladder ATR indicator. Please note that in order to use the indicator as trend source, the indicator should return positive integer for uptrend and negative integer for downtrend. Steps are as follows:
Load the desired trend indicator. In this example, we are using Supertrend Ladder ATR
From the settings of Divergence Screener, select "External" as Trend Detection Method
Select the trend detection plot Direction from the dropdown. You can now see that the divergence signals will rely on the new trend settings rather than the built in options.
🎲 Using the Script with Pine Screener
The primary purpose of the Divergence Screener is to enable traders to scan multiple instruments (e.g., stocks, ETFs, forex pairs) for divergence signals using TradingView’s Pine Screener, facilitating efficient comparison and identification of trading opportunities.
To use the Divergence Screener as a screener, follow these steps:
Add to Favorites : Add the Divergence Screener to your TradingView favorites to make it available in the Pine Screener.
Create a Watchlist : Build a watchlist containing the instruments (e.g., stocks, ETFs, or forex pairs) you want to scan for divergences.
Access Pine Screener : Navigate to the Pine Screener via TradingView’s main menu: Products -> Screeners -> Pine, or directly visit tradingview.com/pine-screener/.
Select Watchlist : Choose the watchlist you created from the Watchlist dropdown in the Pine Screener interface.
Choose Indicator : Select Divergence Screener from the Choose Indicator dropdown.
Configure Settings : Set the desired timeframe (e.g., 1 hour, 1 day) and adjust indicator settings such as oscillator type, zigzag length, or trend detection method as needed.
Select Filter Criteria : Select the condition on which the watchlist items needs to be filtered. Filtering can only be done on the plots defined in the script.
Run Scan : Press the Scan button to display divergence signals across the selected instruments. The screener will show which instruments exhibit bullish, bearish, bullish hidden, or bearish hidden divergences based on the configured settings.
🎲 Limitations and Possible Future Enhancements
Limitations are
Custom input for oscillator and trend detection cannot be used in pine screener.
Pine screener has max 500 bars available.
Repaint option is by default enabled. When in repaint mode expect the early signal but the signals are prone to repaint.
Possible future enhancements
Add more built-in options for oscillators and trend detection methods so that dependency on external indicators is limited
Multi level zigzag support
Percent Change IndicatorPercent Change Indicator Description
Overview:
The Percent Change Indicator is a Pine Script (version 6) indicator designed for TradingView to calculate and visualize the percentage change of the current close price relative to a user-selected reference price. It provides a customizable interface to display percentage changes as candlesticks or a line plot, with optional horizontal lines and labels for key levels. The indicator also includes visual signals and alerts for user-defined percentage thresholds, making it useful for identifying significant price movements.
Key Features:
1. Percentage Change Calculation:
- Computes the percentage change of the current close price compared to a reference price, scaled by a user-defined length parameter.
- Formula: percentChange = (close - refPrice) / refPrice * len
- The reference price is sourced from a user-selected timeframe (default: 1D) and price type (Open, High, Low, Close, HL2, HLC3, or HLCC4).
2. Visualization Options:
- Candlestick Plot: Displays percentage change as candlesticks, colored green for rising values and red for falling values.
- Line Plot: Plots the percentage change as a line, with the same color logic.
- Horizontal Lines: Optional horizontal lines at key percentage levels (0%, ±0.2%, ±0.5%, ±0.8%, ±1%) for reference.
- Labels: Optional labels for percentage levels (0, ±15%, ±35%, ±50%, ±65%, ±85%, ±100%) displayed at the chart's right edge.
- All visualizations are toggleable via input settings.
3. Signal and Alert System:
- Threshold-Based Signals: Plots green triangles below bars for long signals (percent change above a user-defined threshold) and red triangles above bars for short signals (percent change below the threshold).
- Alerts: Configurable alerts for long and short conditions, triggered when the percentage change crosses the user-defined threshold (default: 2%). Alert messages include the threshold value for clarity.
4. Customizable Inputs:
- Show Labels: Toggle visibility of percentage level labels (default: true).
- Show Percentage Change: Toggle the line plot of percentage change (default: true).
- Show HLines: Toggle visibility of horizontal reference lines (default: false).
- Show Candle Plot: Toggle the candlestick plot (default: true).
- Percent Change Length: Adjust the scaling factor for percentage change (default: 14).
- Plot Timeframe: Select the timeframe for the reference price (default: 1D).
- Price Type: Choose the reference price type (Open, High, Low, Close, HL2, HLC3, HLCC4; default: Open).
- Percentage Threshold: Set the threshold for long/short signals and alerts (default: 0.02 or 2%).
How It Works:
- The indicator fetches the reference price using request.security() based on the selected timeframe and price type.
- It calculates the percentage change and scales it by the user-defined length.
- Visuals (candlesticks, lines, labels, horizontal lines) are plotted based on user preferences.
- Long and short signals are generated when the percentage change exceeds or falls below the user-defined threshold, with corresponding triangles plotted and alerts triggered.
Use Cases:
- Trend Identification: Monitor significant price movements relative to a reference price.
- Signal Generation: Identify potential entry/exit points based on percentage change thresholds.
- Custom Analysis: Analyze price changes across different timeframes and price types for various trading strategies.
- Alert Notifications: Receive alerts for significant price movements to stay informed without constant chart monitoring.
Setup Instructions:
1. Add the indicator to a TradingView chart.
2. Adjust input settings (timeframe, price type, threshold, etc.) to suit your analysis.
3. Enable/disable visualization options (candlesticks, lines, labels, horizontal lines) as needed.
4. Set up alerts in TradingView:
- Go to the "Alerts" tab and select "Percent Change Indicator."
- Choose "Long Alert" or "Short Alert" to monitor threshold crossings.
- Configure alert frequency and notification method (e.g., email, webhook).
Notes:
- The indicator is non-overlay, displayed in a separate pane below the main chart.
- Alerts trigger on bar close by default; adjust TradingView alert settings for real-time notifications if needed.
- The indicator is released under the Mozilla Public License 2.0.
Author: Dshergill
This indicator is ideal for traders seeking a flexible tool to track percentage-based price movements with customizable visuals and alerts.
Money Risk Management with Trade Tracking
Overview
The Money Risk Management with Trade Tracking indicator is a powerful tool designed for traders on TradingView to simplify trade simulation and risk management. Unlike the TradingView Strategy Tester, which can be complex for beginners, this indicator provides an intuitive, beginner-friendly interface to evaluate trading strategies in a realistic manner, mirroring real-world trading conditions.
Built on the foundation of open-source contributions from LuxAlgo and TCP, this indicator integrates external indicator signals, overlays take-profit (TP) and stop-loss (SL) levels, and provides detailed money management analytics. It empowers traders to visualize potential profits, losses, and risk-reward ratios, making it easier to understand the financial outcomes of their strategies.
Key Features
Signal Integration: Seamlessly integrates with external long and short signals from other indicators, allowing traders to overlay TP/SL levels based on their preferred strategies.
Realistic Trade Simulation: Simulates trades as they would occur in real-world scenarios, accounting for initial capital, risk percentage, leverage, and compounding effects.
Money Management Dashboard: Displays critical metrics such as current capital, unrealized P&L, risk amount, potential profit, risk-reward ratio, and trade status in a customizable, beginner-friendly table.
TP/SL Visualization: Plots TP and SL levels on the chart with customizable styles (solid, dashed, dotted) and colors, along with optional labels for clarity.
Performance Tracking: Tracks total trades, win/loss counts, win rate, and profit factor, providing a clear overview of strategy performance.
Liquidation Risk Alerts: Warns traders if stop-loss levels risk liquidation based on leverage settings, enhancing risk awareness.
Benefits for Traders
Beginner-Friendly: Simplifies the complexities of the TradingView Strategy Tester, offering an intuitive interface for new traders to simulate and evaluate trades without confusion.
Real-World Insights: Helps traders understand the actual profit or loss potential of their strategies by factoring in capital, risk, and leverage, bridging the gap between theoretical backtesting and real-world execution.
Enhanced Decision-Making: Provides clear, real-time analytics on risk-reward ratios, unrealized P&L, and trade performance, enabling informed trading decisions.
Customizable and Flexible: Allows customization of TP/SL settings, table positions, colors, and sizes, catering to individual trader preferences.
Risk Management Focus: Encourages disciplined trading by highlighting risk amounts, potential profits, and liquidation risks, fostering better financial planning.
Why This Indicator Stands Out
Many traders struggle to translate backtested strategy results into real-world outcomes due to the abstract nature of percentage-based profitability metrics. This indicator addresses that challenge by providing a practical, user-friendly tool that simulates trades with real-world parameters like capital, leverage, and compounding. Its open-source nature ensures accessibility, while its integration with other indicators makes it versatile for various trading styles.
How to Use
Add to TradingView: Copy the Pine Script code into TradingView’s Pine Editor and add it to your chart.
Configure Inputs: Set your initial capital, risk percentage, leverage, and TP/SL values in the indicator settings. Select external long/short signal sources if integrating with other indicators.
Monitor Dashboards: Use the Money Management and Target Dashboard tables to track trade performance and risk metrics in real time.
Analyze Results: Review win rates, profit factors, and P&L to refine your trading strategy.
Credits
This indicator builds upon the open-source contributions of LuxAlgo and TCP , whose efforts in sharing their code have made this tool possible. Their dedication to the trading community is deeply appreciated.
Canuck Trading IndicatorOverview
The Canuck Trading Indicator is a versatile, overlay-based technical analysis tool designed to assist traders in identifying potential trading opportunities across various timeframes and market conditions. By combining multiple technical indicators—such as RSI, Bollinger Bands, EMAs, VWAP, MACD, Stochastic RSI, ADX, HMA, and candlestick patterns—the indicator provides clear visual signals for bullish and bearish entries, breakouts, long-term trends, and options strategies like cash-secured puts, straddles/strangles, iron condors, and short squeezes. It also incorporates 20-day and 200-day SMAs to detect Golden/Death Crosses and price positioning relative to these moving averages. A dynamic table displays key metrics, and customizable alerts help traders stay informed of market conditions.
Key Features
Multi-Timeframe Adaptability: Automatically adjusts parameters (e.g., ATR multiplier, ADX period, HMA length) based on the chart's timeframe (minute, hourly, daily, weekly, monthly) for optimal performance.
Comprehensive Signal Generation: Identifies short-term entries, breakouts, long-term bullish trends, and options strategies using a combination of momentum, trend, volatility, and candlestick patterns.
Candlestick Pattern Detection: Recognizes bullish/bearish engulfing, hammer, shooting star, doji, and strong candles for precise entry/exit signals.
Moving Average Analysis: Plots 20-day and 200-day SMAs, detects Golden/Death Crosses, and evaluates price position relative to these averages.
Dynamic Table: Displays real-time metrics, including zone status (bullish, bearish, neutral), RSI, MACD, Stochastic RSI, short/long-term trends, candlestick patterns, ADX, ROC, VWAP slope, and MA positioning.
Customizable Alerts: Over 20 alert conditions for entries, exits, overbought/oversold warnings, and MA crosses, with actionable messages including ticker, price, and suggested strategies.
Visual Clarity: Uses distinct shapes, colors, and sizes to plot signals (e.g., green triangles for bullish entries, red triangles for bearish entries) and overlays key levels like EMA, VWAP, Bollinger Bands, support/resistance, and HMA.
Options Strategy Signals: Suggests opportunities for selling cash-secured puts, straddles/strangles, iron condors, and capitalizing on short squeezes.
How to Use
Add to Chart: Apply the indicator to any TradingView chart by selecting "Canuck Trading Indicator" from the Pine Script library.
Interpret Signals:
Bullish Signals: Green triangles (short-term entry), lime diamonds (breakout), blue circles (long-term entry).
Bearish Signals: Red triangles (short-term entry), maroon diamonds (breakout).
Options Strategies: Purple squares (cash-secured puts), yellow circles (straddles/strangles), orange crosses (iron condors), white arrows (short squeezes).
Exits: X-cross shapes in corresponding colors indicate exit signals.
Monitor: Gray circles suggest holding cash or monitoring for setups.
Review Table: Check the top-right table for real-time metrics, including zone status, RSI, MACD, trends, and MA positioning.
Set Alerts: Configure alerts for specific signals (e.g., "Short-Term Bullish Entry" or "Golden Cross") to receive notifications via TradingView.
Adjust Inputs: Customize input parameters (e.g., RSI period, EMA length, ATR period) to suit your trading style or market conditions.
Input Parameters
The indicator offers a wide range of customizable inputs to fine-tune its behavior:
RSI Period (default: 14): Length for RSI calculation.
RSI Bullish Low/High (default: 35/70): RSI thresholds for bullish signals.
RSI Bearish High (default: 65): RSI threshold for bearish signals.
EMA Period (default: 15): Main EMA length (15 for day trading, 50 for swing).
Short/Long EMA Length (default: 3/20): For momentum oscillator.
T3 Smoothing Length (default: 5): Smooths momentum signals.
Long-Term EMA/RSI Length (default: 20/15): For long-term trend analysis.
Support/Resistance Lookback (default: 5): Periods for support/resistance levels.
MACD Fast/Slow/Signal (default: 12/26/9): MACD parameters.
Bollinger Bands Period/StdDev (default: 15/2): BB settings.
Stochastic RSI Period/Smoothing (default: 14/3/3): Stochastic RSI settings.
Uptrend/Short-Term/Long-Term Lookback (default: 2/2/5): Candles for trend detection.
ATR Period (default: 14): For volatility and price targets.
VWAP Sensitivity (default: 0.1%): Threshold for VWAP-based signals.
Volume Oscillator Period (default: 14): For volume surge detection.
Pattern Detection Threshold (default: 0.3%): Sensitivity for candlestick patterns.
ROC Period (default: 3): Rate of change for momentum.
VWAP Slope Period (default: 5): For VWAP trend analysis.
TradingView Publishing Compliance
Originality: The Canuck Trading Indicator is an original script, combining multiple technical indicators and custom logic to provide unique trading signals. It does not replicate existing public scripts.
No Guaranteed Profits: This indicator is a tool for technical analysis and does not guarantee profits. Trading involves risks, and users should conduct their own research and risk management.
Clear Instructions: The description and usage guide are detailed and accessible, ensuring users understand how to apply the indicator effectively.
No External Dependencies: The script uses only built-in Pine Script functions (e.g., ta.rsi, ta.ema, ta.vwap) and requires no external libraries or data sources.
Performance: The script is optimized for performance, using efficient calculations and adaptive parameters to minimize lag on various timeframes.
Visual Clarity: Signals are plotted with distinct shapes and colors, and the table provides a concise summary of market conditions, enhancing usability.
Limitations and Risks
Market Conditions: The indicator may generate false signals in choppy or low-liquidity markets. Always confirm signals with additional analysis.
Timeframe Sensitivity: Performance varies by timeframe; test settings on your preferred chart (e.g., 5-minute for day trading, daily for swing trading).
Risk Management: Use stop-losses and position sizing to manage risk, as suggested in alert messages (e.g., "Stop -20%").
Options Trading: Options strategies (e.g., straddles, iron condors) carry unique risks; consult a financial advisor before trading.
Feedback and Support
For questions, suggestions, or bug reports, please leave a comment on the TradingView script page or contact the author via TradingView. Your feedback helps improve the indicator for the community.
Disclaimer
The Canuck Trading Indicator is provided for educational and informational purposes only. It is not financial advice. Trading involves significant risks, and past performance is not indicative of future results. Always perform your own due diligence and consult a qualified financial advisor before making trading decisions.
Bullish and Bearish Breakout Alert for Gold Futures PullbackBelow is a Pine Script (version 6) for TradingView that includes both bullish and bearish breakout conditions for my intraday trading strategy on micro gold futures (MGC). The strategy focuses on scalping two-legged pullbacks to the 20 EMA or key levels with breakout confirmation, tailored for the Apex Trader Funding $300K challenge. The script accounts for the Daily Sentiment Index (DSI) at 87 (overbought, favoring pullbacks). It generates alerts for placing stop-limit orders for 175 MGC contracts, ensuring compliance with Apex’s rules ($7,500 trailing threshold, $20,000 profit target, 4:59 PM ET close).
Script Requirements
Version: Pine Script v6 (latest for TradingView, April 2025).
Purpose:
Bullish: Alert when price breaks above a rejection candle’s high after a two-legged pullback to the 20 EMA in a bullish trend (price above 20 EMA, VWAP, higher highs/lows).
Bearish: Alert when price breaks below a rejection candle’s low after a two-legged pullback to the 20 EMA in a bearish trend (price below 20 EMA, VWAP, lower highs/lows).
Context: 5-minute MGC chart, U.S. session (8:30 AM–12:00 PM ET), avoiding overbought breakouts above $3,450 (DSI 87).
Output: Alerts for stop-limit orders (e.g., “Buy: Stop=$3,377, Limit=$3,377.10” or “Sell: Stop=$3,447, Limit=$3,446.90”), quantity 175 MGC.
Apex Compliance: 175-contract limit, stop-losses, one-directional news trading, close by 4:59 PM ET.
How to Use the Script in TradingView
1. Add Script:
Open TradingView (tradingview.com).
Go to “Pine Editor” (bottom panel).
Copy the script from the content.
Click “Add to Chart” to apply to your MGC 5-minute chart .
2. Configure Chart:
Symbol: MGC (Micro Gold Futures, CME, via Tradovate/Apex data feed).
Timeframe: 5-minute (entries), 15-minute (trend confirmation, manually check).
Indicators: Script plots 20 EMA and VWAP; add RSI (14) and volume manually if needed .
3. Set Alerts:
Click the “Alert” icon (bell).
Add two alerts:
Bullish Breakout: Condition = “Bullish Breakout Alert for Gold Futures Pullback,” trigger = “Once Per Bar Close.”
Bearish Breakout: Condition = “Bearish Breakout Alert for Gold Futures Pullback,” trigger = “Once Per Bar Close.”
Customize messages (default provided) and set notifications (e.g., TradingView app, SMS).
Example: Bullish alert at $3,377 prompts “Stop=$3,377, Limit=$3,377.10, Quantity=175 MGC” .
4. Execute Orders:
Bullish:
Alert triggers (e.g., stop $3,377, limit $3,377.10).
In TradingView’s “Order Panel,” select “Stop-Limit,” set:
Stop Price: $3,377.
Limit Price: $3,377.10.
Quantity: 175 MGC.
Direction: Buy.
Confirm via Tradovate.
Add bracket order (OCO):
Stop-loss: Sell 175 at $3,376.20 (8 ticks, $1,400 risk).
Take-profit: Sell 87 at $3,378 (1:1), 88 at $3,379 (2:1) .
Bearish:
Alert triggers (e.g., stop $3,447, limit $3,446.90).
Select “Stop-Limit,” set:
Stop Price: $3,447.
Limit Price: $3,446.90.
Quantity: 175 MGC.
Direction: Sell.
Confirm via Tradovate.
Add bracket order:
Stop-loss: Buy 175 at $3,447.80 (8 ticks, $1,400 risk).
Take-profit: Buy 87 at $3,446 (1:1), 88 at $3,445 (2:1) .
5. Monitor:
Green triangles (bullish) or red triangles (bearish) confirm signals.
Avoid bullish entries above $3,450 (DSI 87, overbought) or bearish entries below $3,296 (support) .
Close trades by 4:59 PM ET (set 4:50 PM alert) .
Mogwai Method with RSI and EMA - BTCUSD 15mThis is a custom TradingView indicator designed for trading Bitcoin (BTCUSD) on a 15-minute timeframe. It’s based on the Mogwai Method—a mean-reversion strategy—enhanced with the Relative Strength Index (RSI) for momentum confirmation. The indicator generates buy and sell signals, visualized as green and red triangle arrows on the chart, to help identify potential entry and exit points in the volatile cryptocurrency market.
Components
Bollinger Bands (BB):
Purpose: Identifies overextended price movements, signaling potential reversions to the mean.
Parameters:
Length: 20 periods (standard for mean-reversion).
Multiplier: 2.2 (slightly wider than the default 2.0 to suit BTCUSD’s volatility).
Role:
Buy signal when price drops below the lower band (oversold).
Sell signal when price rises above the upper band (overbought).
Relative Strength Index (RSI):
Purpose: Confirms momentum to filter out false signals from Bollinger Bands.
Parameters:
Length: 14 periods (classic setting, effective for crypto).
Overbought Level: 70 (price may be overextended upward).
Oversold Level: 30 (price may be overextended downward).
Role:
Buy signal requires RSI < 30 (oversold).
Sell signal requires RSI > 70 (overbought).
Exponential Moving Averages (EMAs) (Plotted but not currently in signal logic):
Purpose: Provides trend context (included in the script for visualization, optional for signal filtering).
Parameters:
Fast EMA: 9 periods (short-term trend).
Slow EMA: 50 periods (longer-term trend).
Role: Can be re-added to filter signals (e.g., buy only when Fast EMA > Slow EMA).
Signals (Triangles):
Buy Signal: Green upward triangle below the bar when price is below the lower Bollinger Band and RSI is below 30.
Sell Signal: Red downward triangle above the bar when price is above the upper Bollinger Band and RSI is above 70.
How It Works
The indicator combines Bollinger Bands and RSI to spot mean-reversion opportunities:
Buy Condition: Price breaks below the lower Bollinger Band (indicating oversold conditions), and RSI confirms this with a reading below 30.
Sell Condition: Price breaks above the upper Bollinger Band (indicating overbought conditions), and RSI confirms this with a reading above 70.
The strategy assumes that extreme price movements in BTCUSD will often revert to the mean, especially in choppy or ranging markets.
Visual Elements
Green Upward Triangles: Appear below the candlestick to indicate a buy signal.
Red Downward Triangles: Appear above the candlestick to indicate a sell signal.
Bollinger Bands: Gray lines (upper, middle, lower) plotted for reference.
EMAs: Blue (Fast) and Orange (Slow) lines for trend visualization.
How to Use the Indicator
Setup
Open TradingView:
Log into TradingView and select a BTCUSD chart from a supported exchange (e.g., Binance, Coinbase, Bitfinex).
Set Timeframe:
Switch the chart to a 15-minute timeframe (15m).
Add the Indicator:
Open the Pine Editor (bottom panel in TradingView).
Copy and paste the script provided.
Click “Add to Chart” to apply it.
Verify Display:
You should see Bollinger Bands (gray), Fast EMA (blue), Slow EMA (orange), and buy/sell triangles when conditions are met.
Trading Guidelines
Buy Signal (Green Triangle Below Bar):
What It Means: Price is oversold, potentially ready to bounce back toward the Bollinger Band middle line.
Action:
Enter a long position (buy BTCUSD).
Set a take-profit near the middle Bollinger Band (bb_middle) or a resistance level.
Place a stop-loss 1-2% below the entry (or based on ATR, e.g., ta.atr(14) * 2).
Best Context: Works well in ranging markets; avoid during strong downtrends.
Sell Signal (Red Triangle Above Bar):
What It Means: Price is overbought, potentially ready to drop back toward the middle line.
Action:
Enter a short position (sell BTCUSD) or exit a long position.
Set a take-profit near the middle Bollinger Band or a support level.
Place a stop-loss 1-2% above the entry.
Best Context: Effective in ranging markets; avoid during strong uptrends.
Trend Filter (Optional):
To reduce false signals in trending markets, you can modify the script:
Add and ema_fast > ema_slow to the buy condition (only buy in uptrends).
Add and ema_fast < ema_slow to the sell condition (only sell in downtrends).
Check the Fast EMA (blue) vs. Slow EMA (orange) alignment visually.
Tips for BTCUSD on 15-Minute Charts
Volatility: BTCUSD can be erratic. If signals are too frequent, increase bb_mult (e.g., to 2.5) or adjust RSI levels (e.g., 75/25).
Confirmation: Use volume spikes or candlestick patterns (e.g., doji, engulfing) to confirm signals.
Time of Day: Mean-reversion works best during low-volume periods (e.g., Asian session in crypto).
Backtesting: Use TradingView’s Strategy Tester (convert to a strategy by adding entry/exit logic) to evaluate performance with historical BTCUSD data up to March 13, 2025.
Risk Management
Position Size: Risk no more than 1-2% of your account per trade.
Stop Losses: Always use stops to protect against BTCUSD’s sudden moves.
Avoid Overtrading: Wait for clear signals; don’t force trades in choppy or unclear conditions.
Example Scenario
Chart: BTCUSD, 15-minute timeframe.
Buy Signal: Price drops to $58,000, below the lower Bollinger Band, RSI at 28. A green triangle appears.
Action: Buy at $58,000, target $59,000 (middle BB), stop at $57,500.
Sell Signal: Price rises to $60,500, above the upper Bollinger Band, RSI at 72. A red triangle appears.
Action: Sell at $60,500, target $59,500 (middle BB), stop at $61,000.
This indicator is tailored for mean-reversion trading on BTCUSD. Let me know if you’d like to tweak it further (e.g., add filters, alerts, or alternative indicators)!
Gann & Fibonacci Analysis for MSTRYes! Below is a step-by-step guide to performing Gann Analysis on MSTR in TradingView for the last year.
Step 1: Set Up the Chart
Open TradingView and search for MSTR (MicroStrategy).
Select the 1-day (D) timeframe to analyze the past year.
Set your chart to logarithmic scale (⚙ Settings → Scale → Log).
Enable grid lines for alignment (⚙ Settings → Appearance → Grid Lines).
Step 2: Identify Key Highs and Lows (Last Year)
Find the 52-week high and 52-week low for MSTR.
As of now:
52-Week High: ~$999 (March 2024).
52-Week Low: ~$280 (October 2023).
Step 3: Plot Gann Angles
Using TradingView's Gann Fan Tool:
Select "Gann Fan" (Press / and type “Gann Fan” to find it).
Start at the 52-week low (~$280, October 2023) and drag upwards.
Adjust the angles to match key levels:
1x1 (45°) → Main trendline
2x1 (26.5°) → Strong uptrend
4x1 (15°) → Weak trendline
1x2 (63.75°) → Strong resistance
Repeat the process from the 52-week high (~$999, March 2024) downward to see bearish angles.
Step 4: Apply Fibonacci & Gann Retracement Levels
Using Fibonacci Retracement:
Select "Fibonacci Retracement" tool.
Draw from 52-week high ($999) to 52-week low ($280).
Enable key Fibonacci levels:
23.6% ($816)
38.2% ($678)
50% ($640)
61.8% ($550)
78.6% ($430)
Watch for price reactions near these levels.
Using Gann Retracement Levels:
Select "Gann Box" in TradingView.
Draw from 52-week high ($999) to low ($280).
Enable key Gann retracement levels:
12.5% ($912)
25% ($850)
37.5% ($768)
50% ($640)
62.5% ($550)
75% ($480)
87.5% ($350)
Identify confluences with Gann angles and Fibonacci levels.
Step 5: Identify Significant Dates & Time Cycles
Use "Date Range" Tool in TradingView.
Mark major turning points:
High → Low: ~180 days (Half-year cycle).
Low → High: ~90 days (Quarter cycle).
Use Square-Outs (Time = Price method):
Example: If MSTR hit $500, check 500 days from key events.
Mark key anniversaries of past highs/lows for possible reversals.
Step 6: Analyze and Trade Execution
✅ If MSTR is at a Gann angle + Fibonacci level + key date → Expect a reaction.
✅ Use RSI, MACD, and Volume for extra confirmation.
✅ Set Stop-Loss at nearest Gann support/resistance.
JK - Q SuiteThis indicator is primarily for identifying pauses in Stage 2 uptrends, modelled on Qullamaggie's style of trading, but fits well with many traders including William O' Neil. or Mark Minervini.
I built this for my own purposes, and have gradually added range of tools into a single suite. My goal has also to be as clean as possible, while providing clear, actionable information.
This suite includes all of the following:
Moving averages (10, 20, 50, 200)
Coloured bars showing tightening price (blue under 75% of ADR, orange under 50% of ADR)
A 'markets' dashboard (top-right), showing the major indexes. Red if 10<20MA, or price <20MA
A 'sectors' dashboard (top-right, below markets). Red if 5<10MA, or price <10MA - see note below
Strength / Weakness information - two cells at the top, bottom-right. See below
Stock information - glanceable stock info as quick filters. The thresholds for ADR, Average volume, and Dollar Volume can be customised.
NOTE - if the 'tightening coloured candles' are not showing, the indicator needs to be at the top of the stack. Click the triple squares at the very bottom-right of the TradingView interface, and drag the indicator to the top, should work then!
=============
Sectors
These are based on the 11 official Sectors, tracked using index funds (XLY, XLK etc). HOWEVER, TradingView does NOT use the official 11 sectors - therefore I've done my best to match TradingViews ones to the official ones, but doesn't always work... e.g. 'Electronic Technology' is typically semiconductors, which are classes as 'Industrials', but Apple is the same sector in TV, but classed as 'Technology' using the official 11 Sectors.
If TradingView move to use the official 11 I'll update this, but for now it's a best guess and will sometimes be wrong, sorry!
Strength / Weakness information
This was an experiment in trying not to give too much back to the market! Typically the strategy would be to sell if price closes below 10MA (Weakness), however there may be large pops that can be advantageous to sell into.
The 'Strength' information (top cell, bottom-right), checks how far the price is extended above 10MA - this is customisable as a multiple of ADR. You may find that in weak markets (like now), it can be best to take profits quickly - in good markets, you could increase this as stocks make bigger or more sustained moves.
=============
While I'm not the best coder - and I've hacked and tried and changed different things - this has been a labour of love and essential for me.
If you have any suggestions, while I may or may not be able to implement them, I'm certainly open to ideas!
Ultimate P&L IndicatorHello everyone,
Excited to release this P&L Indicator! Read below for more details.
What it does:
This is an indicator that permits you to track your active P&L live on Tradingview. As well, it provides some insight into DCAing your position by giving you live estimates of your revised DCA if you were to add to your position at various targets/price points.
Who is it for:
I developed it because I trade 100% off of Tradingview but my broker does not support Tradingview integration. So I wanted a way to track my position live on the Tradingview platform without having to constantly reference my broker. I also wanted to be able to set position specific alerts right on Tradingview.
How does it work:
It works by the user manually inputting their trade information, including their DCA, position size and the date and time of position entry. The indicator can provide real time and live DCA adjusted estimates if you were to add to your position at the current stock price, or you can manually calculcate your revised DCA at a specific price target.
The indicator also displays your current and past performance on your position for the duration of the position period:
Elements:
Capabilities:
The indicator is compatible with both futures and share trading.
Option trading is not directly available, however, you can get an idea for your option position P&L by following the 1 option contract = 100 share rule.
So if you have 5 option contracts that you bought at a ticker price of, say, 38$, your average cost or DCA would be 38 and your position size would be 500. This will not be 100% accurate, but will be close enough to give you a feel for your active P&L.
If you are trading futures, you will need to select "Futures Trading" and specify the TIck and Index costs. A cheat sheet has been provided in the tool tip for ES, Oil and MNQ. The default is set for ES1! mini futures at 0.25 ticks per 50$.
Important tips:
1. Select the date and time of your position (optional): This is optional but will provide you with the clearest and most accurate review of how your position has performed, including the highest and lowest (drawdown).
2. Select whether it is a share position or a futures position (this is required).
3. Select whether it is a long or short position (this is required).
4. Input your DCA and position size (this is required).
5. Most importantly, select the ticker your position is based in!
I have also prepared a quick start video which is linked below:
As always, please let me know your comments/questions and feedback for the indicator.
Thanks for checking it out and safe trades everyone!
Ultimate Oscillator + Realtime DivergencesUltimate Oscillator (UO) + Realtime Divergences + Alerts + Lookback periods.
This version of the Ultimate Oscillator adds the following 5 additional features to the stock UO by Tradingview:
- Optional divergence lines drawn directly onto the oscillator in realtime
- Configurable alerts to notify you when divergences occur, as well as centerline crossovers.
- Configurable lookback periods to fine tune the divergences drawn in order to suit different trading styles and timeframes.
- Background colouring option to indicate when the UO has crossed the centerline, or optionally when both the UO and an external oscillator, which can be linked via the settings, have both crossed their centerlines.
- Alternate timeframe feature allows you to configure the oscillator to use data from a different timeframe than the chart it is loaded on.
This indicator adds additional features onto the stock Ultimate Oscillator by Tradingview, whose core calculations remain unchanged. Namely the configurable option to automatically and clearly draw divergence lines onto the oscillator for you as they occur in realtime. It also has the addition of unique alerts, so you can be notified as divergences occur without spending all day watching the charts. Furthermore, this version of the Ultimate Oscillator comes with configurable lookback periods, which can be configured in order to adjust the length of the divergences, in order to suit shorter or higher timeframe trading approaches.
The Ultimate Oscillator
Tradingview describes the Ultimate Oscillator as follows:
“The Ultimate Oscillator indicator (UO) indicator is a technical analysis tool used to measure momentum across three varying timeframes. The problem with many momentum oscillators is that after a rapid advance or decline in price, they can form false divergence trading signals. For example, after a rapid rise in price, a bearish divergence signal may present itself, however price continues to rise. The ultimate Oscillator attempts to correct this by using multiple timeframes in its calculation as opposed to just one timeframe which is what is used in most other momentum oscillators.”
More information on the history, use cases and calculations of the Ultimate Oscillator can be found here: www.tradingview.com
What are divergences?
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
There are 4 main types of divergence, which are split into 2 categories;
regular divergences and hidden divergences. Regular divergences indicate possible trend reversals, and hidden divergences indicate possible trend continuation.
Regular bullish divergence: An indication of a potential trend reversal, from the current downtrend, to an uptrend.
Regular bearish divergence: An indication of a potential trend reversal, from the current uptrend, to a downtrend.
Hidden bullish divergence: An indication of a potential uptrend continuation.
Hidden bearish divergence: An indication of a potential downtrend continuation.
Setting alerts.
With this indicator you can set alerts to notify you when any/all of the above types of divergences occur, on any chart timeframe you choose.
Configurable lookback values.
You can adjust the default lookback values to suit your prefered trading style and timeframe. If you like to trade a shorter time frame, lowering the default lookback values will make the divergences drawn more sensitive to short term price action.
How do traders use divergences in their trading?
A divergence is considered a leading indicator in technical analysis , meaning it has the ability to indicate a potential price move in the short term future.
Hidden bullish and hidden bearish divergences, which indicate a potential continuation of the current trend are sometimes considered a good place for traders to begin, since trend continuation occurs more frequently than reversals, or trend changes.
When trading regular bullish divergences and regular bearish divergences, which are indications of a trend reversal, the probability of it doing so may increase when these occur at a strong support or resistance level . A common mistake new traders make is to get into a regular divergence trade too early, assuming it will immediately reverse, but these can continue to form for some time before the trend eventually changes, by using forms of support or resistance as an added confluence, such as when price reaches a moving average, the success rate when trading these patterns may increase.
Typically, traders will manually draw lines across the swing highs and swing lows of both the price chart and the oscillator to see whether they appear to present a divergence, this indicator will draw them for you, quickly and clearly, and can notify you when they occur.
Disclaimer: This script includes code from the stock UO by Tradingview as well as the Divergence for Many Indicators v4 by LonesomeTheBlue.
True Strength Indicator + Realtime DivergencesTrue Strength Indicator (TSI) + Realtime Divergences + Alerts + Lookback periods.
This version of the True Strength Indicator adds the following 5 additional features to the stock TSI by Tradingview:
- Optional divergence lines drawn directly onto the oscillator in realtime.
- Configurable alerts to notify you when divergences occur, as well as when the TSI and lagline bands crossover one another, when the oscillator begins heading up, or heading down.
- Configurable lookback periods to fine tune the divergences drawn in order to suit different trading styles and timeframes.
- Background colouring option to indicate when the two TSI bands, the TSI line and the TSI lagline, have crossed one another, either moving upwards or downwards, or optionally when the two TSI bands have crossed upwards and an external oscillator, which can be linked via the settings, has crossed above its centerline, and the TSI bands have crossed downwards and the external oscillator has crossed below its centerline.
- Alternate timeframe feature allows you to configure the oscillator to use data from a different timeframe than the chart it is loaded on.
This indicator adds additional features onto the stock TSI by Tradingview, whose core calculations remain unchanged, although this version has different settings as default to suit a shorter time period (it uses 6, 13, 4 by default, whereas the stock TSI typically ships with higher values, e.g. 25, 13, 13). Namely the configurable option to automatically, quickly and clearly draw divergence lines onto the oscillator for you as they occur in realtime. It also has the addition of unique alerts, so you can be notified when divergences occur without spending all day watching the charts. Furthermore, this version of the TSI comes with configurable lookback periods, which can be configured in order to adjust the sensitivity of the divergences, in order to suit shorter or higher timeframe trading approaches.
The True Strength Indicator
Tradingview describes the True Strength Indicator as follows:
“The True Strength Index (TSI) is a momentum oscillator that ranges between limits of -100 and +100 and has a base value of 0. Momentum is positive when the oscillator is positive (pointing to a bullish market bias) and vice versa. It was developed by William Blau and consists of 2 lines: the index line and an exponential moving average of the TSI, called the signal line. Traders may look for any of the following 5 types of conditions: overbought, oversold, centerline crossover, divergence and signal line crossover. The indicator is often used in combination with other signals..”
What are divergences?
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
There are 4 main types of divergence, which are split into 2 categories;
regular divergences and hidden divergences. Regular divergences indicate possible trend reversals, and hidden divergences indicate possible trend continuation.
Regular bullish divergence: An indication of a potential trend reversal, from the current downtrend, to an uptrend.
Regular bearish divergence: An indication of a potential trend reversal, from the current uptrend, to a downtrend.
Hidden bullish divergence: An indication of a potential uptrend continuation.
Hidden bearish divergence: An indication of a potential downtrend continuation.
Setting alerts.
With this indicator you can set alerts to notify you when any/all of the above types of divergences occur, on any chart timeframe you choose.
Configurable lookback values.
You can adjust the default lookback values to suit your prefered trading style and timeframe. If you like to trade a shorter time frame, lowering the default lookback values will make the divergences drawn more sensitive to short term price action.
How do traders use divergences in their trading?
A divergence is considered a leading indicator in technical analysis , meaning it has the ability to indicate a potential price move in the short term future.
Hidden bullish and hidden bearish divergences, which indicate a potential continuation of the current trend are sometimes considered a good place for traders to begin, since trend continuation occurs more frequently than reversals, or trend changes.
When trading regular bullish divergences and regular bearish divergences, which are indications of a trend reversal, the probability of it doing so may increase when these occur at a strong support or resistance level . A common mistake new traders make is to get into a regular divergence trade too early, assuming it will immediately reverse, but these can continue to form for some time before the trend eventually changes, by using forms of support or resistance as an added confluence, such as when price reaches a moving average, the success rate when trading these patterns may increase.
Typically, traders will manually draw lines across the swing highs and swing lows of both the price chart and the oscillator to see whether they appear to present a divergence, this indicator will draw them for you, quickly and clearly, and can notify you when they occur.
Disclaimer: This script includes code from the stock TSI by Tradingview as well as the Divergence for Many Indicators v4 by LonesomeTheBlue
TSI + DivergencesTrue Strength Indicator (TSI) + Divergences + Alerts + Lookback periods.
This version of the True Strength Indicator adds the following 3 additional features to the stock TSI by Tradingview:
- Optional divergence lines drawn directly onto the oscillator.
- Configurable alerts to notify you when divergences occur.
- Configurable lookback periods to fine tune the divergences drawn in order to suit different trading styles and timeframes.
This indicator adds additional features onto the stock TSI by Tradingview, whose core calculations remain unchanged. Namely the configurable option to automatically, quickly and clearly draw divergence lines onto the oscillator for you as they occur, with minimal delay. It also has the addition of unique alerts, so you can be notified when divergences occur without spending all day watching the charts. Furthermore, this version of the TSI comes with configurable lookback periods, which can be configured in order to adjust the sensitivity of the divergences, in order to suit shorter or higher timeframe trading approaches.
The True Strength Indicator
Tradingview describes the True Strength Indicator as follows:
“The True Strength Index (TSI) is a momentum oscillator that ranges between limits of -100 and +100 and has a base value of 0. Momentum is positive when the oscillator is positive (pointing to a bullish market bias) and vice versa. It was developed by William Blau and consists of 2 lines: the index line and an exponential moving average of the TSI, called the signal line. Traders may look for any of the following 5 types of conditions: overbought, oversold, centerline crossover, divergence and signal line crossover. The indicator is often used in combination with other signals..”
What are divergences?
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
There are 4 main types of divergence, which are split into 2 categories;
regular divergences and hidden divergences. Regular divergences indicate possible trend reversals, and hidden divergences indicate possible trend continuation.
Regular bullish divergence: An indication of a potential trend reversal, from the current downtrend, to an uptrend.
Regular bearish divergence: An indication of a potential trend reversal, from the current uptrend, to a downtrend.
Hidden bullish divergence: An indication of a potential uptrend continuation.
Hidden bearish divergence: An indication of a potential downtrend continuation.
Setting alerts.
With this indicator you can set alerts to notify you when any/all of the above types of divergences occur, on any chart timeframe you choose.
Configurable lookback values.
You can adjust the default lookback values to suit your prefered trading style and timeframe. If you like to trade a shorter time frame, lowering the default lookback values will make the divergences drawn more sensitive to short term price action.
How do traders use divergences in their trading?
A divergence is considered a leading indicator in technical analysis, meaning it has the ability to indicate a potential price move in the short term future.
Hidden bullish and hidden bearish divergences, which indicate a potential continuation of the current trend are sometimes considered a good place for traders to begin, since trend continuation occurs more frequently than reversals, or trend changes.
When trading regular bullish divergences and regular bearish divergences, which are indications of a trend reversal, the probability of it doing so may increase when these occur at a strong support or resistance level. A common mistake new traders make is to get into a regular divergence trade too early, assuming it will immediately reverse, but these can continue to form for some time before the trend eventually changes, by using forms of support or resistance as an added confluence, such as when price reaches a moving average, the success rate when trading these patterns may increase.
Typically, traders will manually draw lines across the swing highs and swing lows of both the price chart and the oscillator to see whether they appear to present a divergence, this indicator will draw them for you, quickly and clearly, and can notify you when they occur.
Disclaimer : This script includes code from the stock TSI by Tradingview as well as the RSI divergence indicator.
