UP DOWN Indicator 1Title: UP DOWN Indicator based on ADX Strategy - Accurate Signal Provider with Enhanced Success Potential
Description:
The Martingale ADX Indicator is a groundbreaking tool meticulously crafted to offer traders unparalleled precision in signal generation and risk management. Leveraging the power of the Average Directional Index (ADX), this indicator provides 100% non-repaint signals on the current candle, guiding traders to opportune and prepare for trade entry with remarkable accuracy.
With a focus on empowering traders across various financial markets, including Forex and Binary Options, this ADX Strategy-1 Indicator introduces a unique approach to trading dynamics. By seamlessly integrating the renowned Martingale Step-1 risk management strategy, this indicator not only minimizes losses but also enhances the potential for success, even in volatile market conditions.
Key Features:
Non-Repaint Signals: The Martingale ADX Indicator stands as a testament to reliability, offering 100% non-repaint signals. Traders can trust in the consistency and not removing losing Signals which is very important to trust the previous generated signals also, eliminating uncertainties and facilitating confident decision-making.
ADX-Based Precision: Built upon the robust framework of the Average Directional Index (ADX), this indicator delivers precise signals tailored to prevailing market trends and volatility levels. Whether trading in longer timeframes or engaging in Binary Options, traders can rely on the Martingale Step-1 ADX Indicator for superior insights.
Next Candle Trading: Seamlessly integrated into trading strategies, signals from the Martingale ADX Indicator prompt action on the subsequent candle. This real-time approach ensures traders stay ahead of market movements, seizing opportunities as they emerge. Giving Signals Once Candle ahead makes traders to prepare early and decide whether they want to enter the trade on presented Signal or not as per their own experience too. If the trading candle is loss then the very next candle shall be used for taking Martingale Sep-1 to enhance the Accuracy.
Enhanced Success Potential: With Martingale Step-1 risk management, this ADX Indicator offers more than just signal accuracy – it presents the potential for heightened success rates. Through strategic position sizing and leveraging experience and Price Action insights, traders can elevate overall accuracy to levels ranging from 80% to 90%.
Conclusion:
The UP DOWN Strategy-1 Indicator represents a paradigm shift in trading technology, combining precision signal generation with advanced risk management strategies. Whether you're a seasoned trader or just starting your journey, this indicator empowers you to navigate financial markets with confidence and achieve consistent results.
Experience the difference with the Martingale ADX Indicator – where reliability meets profitability, and success becomes attainable with every trade.
Trade wisely, and may your ventures be marked by prosperity and fulfillment.
Pardon for any descriptive language grammatical error and comment about this indicator and to get my other strategy as well. Happy trading !!
Risk Disclaimer:
Trading in financial markets carries inherent risks and should be approached with caution. It is imperative to exercise sound judgment and trade only with funds that you can afford to lose. We strongly advise against using borrowed funds for trading purposes. First practice on demo for own learning then make decision wisely.
Updown
Line Colorizer - DurbtradeThe Line Colorizer is a simple indicator that can plot up/down-colorized lines for up to 10 unique individual sources!
Plot up/down colors are based on whether the current value is above or below the previous value.
Also included is a separate color for when the current value is equal to the previous value.
All colors can be modified, along with the plot styles.
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Here is the Inputs tab of the Settings menu :
As you can see, you can plot a colorized line of up to 10 individual sources!
Checking the checkbox turns on that particular colorized plot,
and clicking on the drop down menu allows you select the source for that plot.
The plot styles, up/equal/down colors, and opacities
are customizable under the Style tab within the Settings menu :
Overall, it is pretty easy to use.
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Let's look at some examples of the Line Colorizer being used...
Colorize a basic Bollinger Bands indicator :
Want to colorize 3 EMA's? Go for it :
Spice up the standard MACD salad :
Customize the colors of your RSI's :
Try using the Line Colorizer on all of your favorite indicators.
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Script Stats :
Pinescript Version : 5
Code Length : 44 Lines
Max Unique Input Sources : 10
Max Visible Plots : 10
Total Colors/Opacities : 30
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Tips :
Typically you will want this indicator to be on a layer above (in front of) the source plot layer.
Stay mindful of line thicknesses,
and whether the original source plot is still visible or not.
The final output of the colorized plots are drawn in numerical order,
so, Colorized Source #1 is drawn first, and will appear below Colorized Source #2 on the chart...
and so on, with Colorized Source #10 being drawn last, at the very top.
Final Thoughts :
I like having this indicator.
The idea and script is simple, and the indicator is practical.
It's one method of easily separating some of the aspects of color from your favorite indicators and scripts,
and then customizing those aspects to your liking.
Especially practical for those who do not want to learn about writing their own scripts.
I think that this indicator can be a useful tool in the shed,
used for customizing the visuals of multiple unique sources
that are all on the same price/value scale.
It can help increase chart clarity and/or detail...
whether using it on top of a main chart that is simple,
or on top of a standalone indicator that is crowded with oscillating information.
I hope that you enjoy it and find it useful!
- Please feel free to comment your thoughts, critiques, or suggestions. They are all very helpful!
- Also, please feel free to comment any positive feedback, or awesome screencaps/ideas of the indicator in action!
- Check out my other Pinescript indicators if you like this one... they work well together.
- May your trades be successful!
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// Durbtrade
Volume CVD and Open InterestVolume, Cumulative Delta Volume and Open Interest are great indications of strength and sentiment in the market. Until now they have required separate indicators, but this indicator can show them all.
With a clean and aesthetic plot, this indicator has the option to choose the data source:
- Volume - the total volume of transactions, buys and sells
- Up Volume - the total volume from buys only
- Down Volume - the total volume from sells only
- Up/Down Volume (Net) - the difference in the Buy Volume and Sell Volume
- Cumulative Delta - the sum of the up/down volume for the previous 14 bars
- Cumulative Delta EMA - a smoothed average of the sum of the up/down volume for the previous 14 bars, over a 14 period EMA
- Open Interest - a user defined ticker, whose value is added to the plot, while this is designed to be used with Open Interest tickers, you can actually choose any ticker you want, perhaps you want to see DXY while charting Bitcoin!
There are several customization features for the colour of the plot, with a nice gradient colouring from high to low. You can choose the lookback which defines only the highest and lowest values for the colour gradient. There is also an option for how the Open Interest value is determined, based on Close, Open or differences between previous values.
While similar, Volume and Open Interest are not the same. To me the simplest explanation is Volume shows the trades that have been executed and the buy/sell direction, while Open Interest shows the value of open trades that are yet to be completed.
Volume shows strength, sentiment and volatility.
Open Interest does not show direction, but does indicate momentum and liquidity in the market.
Up/Down Volume RatioUp/Down Volume Ratio is calculated by summing volume on days when it closes up and divide that total by the volume on days when the stock closed down.
High volume up days are typically a sign of accumulation(buying) by big players, while down days are signs of distribution(selling) by big market players. The Up Down volume ratio takes this assumption and turns it into a tangible number that's easier for the trader to understand. My formula is calculated using the past 50 periods, be warned it will not display a value for stocks with under 50 periods of trading history. This indicator is great for identify accumulation of growth stocks early on in their moves, most of the time you would like a growth stocks U/D value to be above 2, showing institutional sponsorship of a stock.
Up/Down Volume value interpretation:
U/D < 1 -> Bearish outlook, as sellers are in control
U/D = 1 -> Sellers and Buyers are equal
U/D > 1 -> Bullish outlook, as buyers are in control
U/D > 2 -> Bullish outlook, significant accumulation underway by market makers
U/D >= 3 -> MONSTER STOCK ALERT, market makers can not get enough of this stock and are ravenous to buy more
U/D values greater than 2 are rare and typically do not last very long, and U/D >= 3 are extremely rare one example I kind find of a stock's U/D peaking above 3 was Google back in 2005.
MAKE SURE TO HIT THE SETTINGS WHEEL AND CHECK THE BOX NEXT TO PLOT IN ORDER TO GET RID OF THE PLOTTED LINE.
Up-Down RangeHere is an attempt to segregate ATR into ATR of up days and down days.
While setting trailing stops based on ATR, you probably need to consider more on how an instrument can drop during red days. Hence, ATR of only red days makes more compelling case than overall ATR. Another use case for this kind of indicator may be in options if you are selling puts and calls with the intent of pocketing premiums on expiry.
Parameters are as explained below:
Range Type : Different range types are tr (True Range) , close (difference between close prices), highlow (difference between high and low of candle)
Period : ATR Period
Moving Average Type : Moving Average Type for calculating ATR. Two additional types - min and max are added which calculates lowest and highest range in last n bars
HideFullAtr : Hides combined ATR if checked.
Up Down Alerts with MA Control - v2.0this update is meant for use with regular candles, but it will mimic the color pattern of heikin ashi candles and allow alerts based on the heikin ashi patterns. Also there are alerts for when the price is above a set moving average.
was going to just update the original script but there are a lot of changes to make it smoother etc, original script: