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Zone

Awesome_Accelerator_Zone OscillatorExplanation and Usage Guide for AO_AC_ZONE Oscillator Indicator Overview The **AO_AC_ZONE** oscillator is based on the concepts introduced by **Bill Williams** in his book *New Trading Dimensions*. This indicator combines the **Awesome Oscillator (AO)**, **Accelerator Oscillator (AC)**, and a custom **Zone Oscillator**, visualizing them together in a clear, color-coded format. The Zone Oscillator is derived from the relationship between AO and AC, indicating the market's dominant momentum state (bullish, bearish, or neutral). It also integrates real-time candle coloring to visually align price bars with the Zone's momentum. --- **Components** 1. **Awesome Oscillator (AO)**: - AO measures the difference between a 5-period and 34-period Simple Moving Average (SMA) applied to the midpoints of candles. - It reflects market momentum, where: - Green bars = increasing momentum - Red bars = decreasing momentum 2. **Accelerator Oscillator (AC)**: - AC is calculated as the difference between AO and its 5-period SMA. - It indicates the acceleration or deceleration of market momentum. - Fuchsia bars = increasing momentum - Purple bars = decreasing momentum 3. **Zone Oscillator**: - The Zone combines AO and AC states: - **Green Zone**: Both AO and AC are positive (bullish momentum). - **Red Zone**: Both AO and AC are negative (bearish momentum). - **Gray Zone**: AO and AC have differing signs (neutral/uncertain momentum). - Candle colors dynamically match the Zone’s state for enhanced visual clarity. --- **How to Use the Indicator** **1. Interpreting the Oscillators** - **AO**: Use it to detect momentum direction and changes. Pay attention to shifts in bar color: - **Increasing AO (Aqua)**: Bullish momentum gaining strength. - **Decreasing AO (Navy)**: Bullish momentum weakening or bearish momentum strengthening. - **AC**: Provides early signals of momentum shifts. - If AC changes color ahead of AO, it signals potential trend reversals or accelerations. **2. Using the Zone Oscillator** - **Green Zone**: - Both AO and AC are positive. - Indicates a strong bullish trend. Look for buying opportunities in line with the trend. - **Red Zone**: - Both AO and AC are negative. - Signals strong bearish momentum. Look for shorting opportunities. - **Gray Zone**: - AO and AC are in conflict. - Represents uncertainty; avoid trading or wait for a clear signal. --- **Real-Time Application** **Candle Coloring** - The indicator modifies candle colors to match the Zone Oscillator's state: - **Green Candles**: Strong bullish momentum. - **Red Candles**: Strong bearish momentum. - **Gray Candles**: Neutral momentum. **Recommended Strategy (Based on New Trading Dimensions)**: 1. **Identify the Zone**: - Focus on Green Zones for long entries and Red Zones for short entries. 2. **Look for AO/AC Confirmation**: - Enter trades in the direction of both AO and AC when they align with the Zone. - For exits, monitor when AO and AC conflict (Gray Zone). 3. **Use in Combination**: - Combine this oscillator with fractals or trend indicators to confirm signals. --- **Benefits** - Visualizes momentum strength, acceleration, and alignment in one chart. - Simplifies decision-making by integrating price action with oscillator dynamics. - Supports faster trade identification and execution by highlighting bullish, bearish, and neutral zones. --- **Disclaimer** This indicator is a tool to assist in market analysis. Always incorporate proper risk management and avoid trading during uncertain conditions (Gray Zones). For optimal results, use this oscillator in conjunction with other analysis methods like support/resistance, volume analysis, and trend-following systems.
مؤشرات Pine Script™
من ‎pirooztrader1‎
1
Globex Trap ZoneGlobex Trap Indicator A powerful tool designed to identify potential trading opportunities by analyzing the relationship between Globex session ranges and Supply & Demand zones during regular trading hours. Key Features Tracks and visualizes Globex session price ranges Identifies key Supply & Demand zones during regular trading hours Highlights potential trap areas where price might experience significant reactions Fully customizable time ranges and visual settings Clear labeling of Globex highs and lows How It Works The indicator tracks two key periods: Globex Session (Default: 6:00 PM - 9:30 AM) Monitors overnight price action Marks session high and low Helps identify potential range breakouts Supply & Demand Zone (Default: 8:00 AM - 11:00 AM) Tracks price action during key market hours Identifies potential reaction zones Helps spot institutional trading areas Best Practices for Using This Indicator Use on 1-hour timeframe or lower for optimal visualization Best suited for futures and other instruments traded during Globex sessions Pay attention to areas where Globex range and Supply/Demand zones overlap Use in conjunction with your existing trading strategy for confirmation Recommended minimum of 10 days of historical data for context Settings Explanation Globex Session: Customizable time range for overnight trading session Supply & Demand Zone: Adjustable time range for regular trading hours Days to Look Back: Number of historical days to display (default: 10) Visual Settings: Customizable colors and transparency for both zones Important Notes All times are based on exchange timezone The indicator respects overnight sessions and properly handles timezone transitions Historical data requirements: Minimum 10 days recommended Performance impact: Optimized for smooth operation with minimal resource usage Disclaimer Past performance is not indicative of future results. This indicator is designed to be used as part of a comprehensive trading strategy and should not be relied upon as the sole basis for trading decisions. Updates and Support I actively maintain this indicator and welcome feedback from the trading community. Please feel free to leave comments or suggestions for improvements.
مؤشرات Pine Script™
من ‎sativas‎
Cypher Harmonic Pattern [TradingFinder] Cypher Pattern Detector🔵 Introduction The Cypher Pattern is one of the most accurate and advanced harmonic patterns, introduced by Darren Oglesbee. The Cypher pattern, utilizing Fibonacci ratios and geometric price analysis, helps traders identify price reversal points with high precision. This pattern consists of five key points (X, A, B, C, and D), each playing an important role in determining entry and exit points in the financial markets. The reversal point typically occurs in the XD region, with the Fibonacci ratio ranging between 0.768 and 0.886. This zone is referred to as the Potential Reversal Zone (PRZ), where traders anticipate price changes to occur. The Cypher harmonic pattern is popular among professional traders due to its high accuracy in identifying market trends and reversal points. The pattern appears in two forms: bullish Cypher pattern and bearish Cypher pattern. In the bullish Cypher pattern, after a price correction, the price moves upward, while in the bearish Cypher pattern, the price moves downward after a temporary increase. These patterns help traders use technical analysis to identify strong reversal points in the PRZ and execute more optimal trades. Bullish Cypher Pattern : Bearish Cypher Pattern : 🔵 How to Use The Cypher pattern is one of the most complex and precise harmonic patterns, leveraging Fibonacci ratios to help traders identify price reversals. This pattern is comprised of five key points, each playing a critical role in determining entry and exit points. The Cypher pattern appears in two main types : Bullish Cypher pattern : This pattern appears as an M shape on the chart and indicates a trend reversal to the upside after a price correction. Traders can prepare for buying after identifying this pattern in technical analysis. Bearish Cypher pattern : This pattern appears as a W shape and signals the start of a downtrend after a temporary price increase. Traders can use this pattern to enter short positions. 🟣 How to Identify the Cypher Pattern on a Chart Identifying the Cypher pattern requires precision and the use of advanced technical analysis tools. The pattern consists of four main legs, each identified using Fibonacci ratios and geometric analysis. To spot the Cypher pattern on a chart, first, identify the five key points : X, A, B, C, and D. XA leg : The initial move from point X to A. AB leg : The first correction after the XA move, where the price moves to point B. BC leg : After the correction, the price moves upwards to point C. CD leg : The final price move that reaches point D, where a price reversal is expected. In a bullish Cypher pattern, point D indicates the start of a new uptrend, while in a bearish Cypher pattern, point D signals the beginning of a downtrend. Correctly identifying these points helps traders determine the best time to enter a trade. 🟣 How to Trade Using the Cypher Pattern Once the Cypher pattern is identified on the chart, traders can use it to set entry and exit points. Point D is the key point for trade entry. In the bullish Cypher pattern, the trader can enter a long position after point D forms, while in the bearish Cypher pattern, point D serves as the ideal point for entering a short position. 🟣 Entering a Buy Trade with the Bullish Cypher Pattern In a bullish Cypher pattern, traders wait for the price to reach point D, after which they can enter a buy position. At this point, the price is expected to start rising. 🟣 Entering a Sell Trade with the Bearish Cypher Pattern In a bearish Cypher pattern, the trader enters a sell position at point D, expecting the price to move downward after reaching this point. For additional confirmation, traders can use technical indicators such as RSI or MACD. 🟣 Risk Management in Cypher Pattern Trades Risk management is one of the most critical aspects of any trade, and this holds true for trading the Cypher pattern. Traders should always use stop-loss orders to prevent larger losses in case the pattern fails. In the bullish Cypher pattern, the stop-loss is usually placed slightly below point D to exit the trade if the price continues to drop. In the bearish Cypher pattern, the stop-loss is placed above point D to limit losses if the price rises unexpectedly. 🟣 Combining the Cypher Pattern with Other Technical Tools The Cypher pattern is a powerful tool in technical analysis, but combining it with other methods such as price action and technical indicators can improve trading accuracy. 🟣 Combining with Price Action Traders can use price action to confirm the Cypher pattern. Candlestick patterns like reversal candlesticks can provide additional confirmation for price reversals at point D. 🟣 Using Technical Indicators Incorporating technical indicators such as RSI and MACD can also help traders receive stronger signals for entering trades based on the Cypher pattern. These indicators help identify overbought or oversold conditions, allowing traders to make more informed decisions. 🟣 Advantages and Disadvantages of the Cypher Pattern in Technical Analysis Advantages : High accuracy : The Cypher pattern, using Fibonacci ratios and geometric analysis, provides high precision in identifying reversal points. Applicable in various markets : This pattern can be used in a wide range of financial markets, including forex, stocks, and cryptocurrencies. Disadvantages : Rarit y: The Cypher pattern appears less frequently on charts compared to other harmonic patterns. Complexity : Accurately identifying this pattern requires significant experience, which may be challenging for novice traders. 🔵 Setting 🟣 Logical Setting ZigZag Pivot Period : You can adjust the period so that the harmonic patterns are adjusted according to the pivot period you want. This factor is the most important parameter in pattern recognition. Show Valid Forma t: If this parameter is on "On" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "Off" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern. Show Formation Last Pivot Confirm : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the latest pattern seeing and a sharp reduction in reward to risk. Period of Formation Last Pivot : Using this parameter you can determine that the last pivot is based on Pivot period. 🟣 Genaral Setting Show : Enter "On" to display the template and "Off" to not display the template. Color : Enter the desired color to draw the pattern in this parameter. LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness. LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries. 🟣 Alert Setting Alert : On / Off Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar". Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default. 🔵 Conclusion The Cypher harmonic pattern is one of the most powerful and accurate patterns used in technical analysis. Its high precision in identifying price reversal points, particularly within the Potential Reversal Zone (PRZ), has made it a popular tool among professional traders. The PRZ, located between the Fibonacci ratios of 0.768 and 0.886 in the XD region, offers traders a clear indication of where price reversals are likely to occur. However, to use this pattern successfully, traders must employ proper risk management and combine it with supplementary tools like technical indicators and price action. By understanding how to utilize the PRZ, traders can enhance the accuracy of their trade entries and exits. Ultimately, the Cypher pattern, when used in conjunction with the PRZ, helps traders make more precise decisions in the financial markets, leading to more successful and well-informed trades.
مؤشرات Pine Script™
من ‎TFlab‎
Golden ZoneIntroducing the "Golden Zone" indicator, a powerful tool that simplifies the Fibonacci indicator by creating a clear Golden Zone to identify potential future price movements. The Golden Zone is a supply or demand zone that corresponds to the 61.8% and 50% Fibonacci retracement levels. These levels are important because they often mark zones where the price reacts, making it an essential area for traders to watch. The script plots the Fibonacci levels in the background, enabling traders to identify potential support and resistance levels quickly. The Golden Zone is highlighted with a yellow filled area, making it easy to spot on the chart. Traders use this zone to identify areas where the stock price may react, either bouncing off the support level or encountering resistance at the resistance level. For example, if a stock price is moving up and reaches the Golden Zone, a trader may look for signs of resistance and consider selling the stock if the price begins to move back down. Conversely, if a stock price is moving down and reaches the Golden Zone, a trader may look for signs of support and consider buying the stock if the price begins to move back up. The "Golden Zone" indicator is highly versatile and can be used in all markets, whether you are a swing trader or a day trader. It can be combined with other strategies, such as an EMA crossover strategy or price action, or as an area of confluence. In summary, the "Golden Zone" indicator is a must-have tool for traders looking to identify potential price movements and locate key support and resistance levels. Its user-friendly inputs and clear display make it a valuable addition to any trading arsenal. So, the "Golden Zone" indicator is like a magic tool that helps people who trade in the stock market find valuable things to buy or sell. And with its ability to identify key support and resistance levels, it can help traders make better-informed decisions when buying or selling stocks. I hope you like it!
مؤشرات Pine Script™
من ‎Bpmstocks‎
6
NSDT Fair Value GapThis script is our version of the "Fair Value Gap". A Fair Value Gap is nothing more than a series of 3 candles with a gap between a candle high/low and a candle high/low two candles prior. For example: A Gap Up - the Low of a candle is higher than the High of two candles back. A Gap Down - the High of a candle is lower than the Low of two candles back. Typically, on a Gap Up, the trader would wait for the price to re-enter the Gap, and take a Long position. Typically, on a Gap Down, the trader would wait for the price to re-enter the Gap, and take a Short position. We found that simply trading through the Gaps (fill the gap) produced a better result. So we reversed the procedure and the colors to show our suggested direction. We have added inputs so the trader can determine the size of the Gaps to be plotted on the chart. A minimum and maximum can be set. The number of Gaps to be displayed can be adjusted. There is a option to remove Gaps that had been filled, to help keep a clean chart.
مؤشرات Pine Script™
من ‎NorthStarDayTrading‎
Session ZonesHow is this different? After reviewing a handful of session zone based indicators I decided to create this one not seeing exactly what I wanted, even this one only comes partially to my goals. This indicator will add session coloring on the chart in a vertical orientation, up to five sessions currently can be utilized. Timezones can be supplied that are compatible with Trading View so that session times specified in settings can be non-market timezone specific. In a future update I plan to add alerts for price reaching certain sessions, styling of the session zones may change overtime as PineScript feature enhancement allows. How to use this? Supply session ranges, color and disable any unneeded, the table at the top right will display whether or not price action is in or out of enabled sessions. Which market is it meant for? Any market. What market conditions does this apply to? Any condition.
مؤشرات Pine Script™
من ‎syntaxgeek‎
8
Simple OHLC Custom Range Interactive█ OVERVIEW This indicator show lines of OHLC which can be commonly used as support and resistance zones. OHLC can be shown table with candlestick visual. Color of candlestick depends on direction of bullish / bearish of the chosen candlestick. █ INSPIRATION Inspired by design, code and usage of CAGR . Basic usage of custom range / interactive, pretty much explained here . Credits to TradingView . █ FEATURES Table can positioned by any position and font size can be resized. OHLC can be in full or simple name. Lines can be extend either right, left, both or none. █ HOW TO USE Only 1 point is required. Dont worry about magnet, point will attached depends on High or Low of the candle. █ USAGE / TIPS EXAMPLES (Description explained in each image)
مؤشرات Pine Script™
من ‎RozaniGhani-RG‎
5
Impactful pattern and candles pattern AlertThe Alertion indicator! impactful pattern: pattern that happen near the zone or in the zone at lower timeframe and give us entry and stop limit price. It is helpful for price action traders and those who want to decrease their risk. There are 3 IP patterns: Quasimodo Head and shoulder whipsaw engulfing These patterns may occur near the zone or may not occur but by them, you can decrease your trading risk for example you can trade with half lot before IP pattern and enter with other half after pattern. how to use? for example: you find zone at 1h timeframe for short position when price enter to your zone you run this indicator and choose your lower timeframe, for example 15m and click on short position. Then make the alert by right-click on your chart and choose the add alert and at condition box choose the impactful pattern and then click on create now wait for message :) Candles pattern: like reversal bar, key reversal bar, exhaustion bar, pin bar, two-bar reversal, tree-bar reversal, inside bar, outside bar these occur when the trend turn, so it is usable when the price enter to your zone or near your zone. This pattern can decrease your risk. Inside bar and outside bar: if this pattern engulf up, it is bullish pattern and if engulf down, it is bearish pattern. what does this indicator do? this indicator is for making alert it helps you to decrease your risk and failure. You optimize it to alert you when IP pattern happen or candle pattern happen or inside bar or outside bar engulfing or all of them. For IP pattern, it will message you entry and stop limit price. It works at 2 different timeframes, so you can make alert for example in 1h TF for candles pattern and 15m TF for IP pattern. Indicator will alert you for candles pattern at your chart timeframe and for IP pattern at timeframe you've chosen when you run the indicator, and it is changeable in setting. setting options TIMEFRAME IP: select the timeframe for IP patterns it means when IP pattern happen at that timeframe the indicator will alert you example = your TF is 1h, you found the supply zone and want to trade, note that IP pattern happen in lower TF, so you select 15m TF or TF lower than 1h. Short position: select it if you want to make short position. BUFFERING indicator send you entry and stop limit price you can change it by amount of percent it is your strategy to change your entry and stop loss or not example= in head and shoulder pattern at short position, the stop limit is high price of head in pattern so the indicator will message you the exact price but if you want to put your stop limit 5 percent upper than exact price you can enter 5 in front of stop loss or you want to enter 5 percent lower than exact high price of shoulder, you can optimize it. ALERTION you choose what alert you want IP alert or candle alert or inside and outside bar alert type your text for alert you can write additional text for your message ADVANCE IP alert frequency option: 1. Once per bar : indicator will alert you for IP pattern once at your chat timeframe bar, and you should wait til next bar for next alert. 2. Once per bar close : alert you when your chart timeframe bar closed and next alert will happen when next bar is closed. 3. All: alert you all the times IP pattern happen pivot left and right bars: lower will find smaller pattern at the END: this indicator is not strategy it is part of your strategy that help you to increase your winning rate. It is helpful for scalping and candle patterns finding. After you make an alert, you can delete the indicator or change your timeframe or make another alert, your previous alert won’t change. Thank you all.
مؤشرات Pine Script™
من ‎erfan_abedi‎
1
Support/Resistant Zone (Simple)The concepts of trading level support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis. Support is a price level where a downtrend can be expected to pause due to a concentration of demand or buying interest. As the price of assets or securities drops, demand for the shares increases, thus forming the support line. Meanwhile, resistance zones arise due to selling interest when prices have increased. There are many ways to identify support and resistance zones. This indicator is a simple method to identify them. Support/Resistant zones will draw basing on the size of the wick for candles, which are Pivots High/Low before.
مؤشرات Pine Script™
من ‎TrendCrypto2022‎
11
ICT Session Killzone Boxes & DeviationsICT Killzone Sessions Boxes & Deviations is a convenience indicator that marks out past and future ICT killzones for Asia, London, and New York, London Close and CBDR. The boxes highlights the highest and lowest candle opens of that session/killzone, which is what the deviations are based on. Two lines mark out the highest high and lowest low of that session. This indicator also includes New York midnight opening price and a vertical divider showing you that time. Future killzones are also marked out. All times are set to GMT-4 so these boxes should work across most exchanges. Times and code can be changed if a few don't match up. Included are week of day labels for your convenience. For those who are unfamiliar, ICT Killzones are optimal times to look for trades during or before a session, often providing entry for trades with orderblock tests, FVG fills or stophunts. Please note: This indicator only works well on 1HR timeframe and below. The default max timeframe setting is set to 15min, which can be changed in the menu. There may be some bugs so please highlight anything you find in the comments below :) Shout out to @Ryazn for all the ideas!
مؤشرات Pine Script™
من ‎Shanxia‎
53
BTC 1D Safety tradeImportant: use only the BTC/USD pair on the 1D timeframe The indicator is designed to determine the zones for entry to buy or sell, as well as for closing deals. The indicator is based on a moving average with a period of 12. The parameters are not changeable, since the optimal settings (Safety trade) were used for the BTC/USD pair on the 1D timeframe. The code is open, please change it according to your parameters. Upper zones for closing long or opening short. Lower zones for opening long or closing short.
مؤشرات Pine Script™
من ‎Crypto_BitCoinTrader‎
5
Price ActionFirst, you have to know price action, RTM price action Handbook could help you this indicator shows you base and momentum candles base candles could be zones of trade that show you fighting of bulls and bears, and momentum candles could show the power of those zones. Base candles are white in the chart, and you can place your order at the good zone. Rally candles and drop candles are momentum candles, and bold rally and bold drop show that it is more powerful than its before candle. Zigzag compression is one way that shows the compression in trend. it looks like the Wedges pattern at classic technical that shows pending orders are closed, so the target zone could be powerful to reverse the trend. Black background of candle means that candle doesn't reach its before candle and so it is poor candle, I named it domination. It is better to do not trade at poor candles. At the end, I find Price action the best way to trade, and it makes you free of other indicator, even volume indicator. This indicator is good for those who use price action strategy to trade and those who want to learn the price action. It could be so helpful and reliable way to find the zones, and place buy or sell order and the target, specially for scalping.
مؤشرات Pine Script™
من ‎erfan_abedi‎
64
[RickAtw] ZONE Trend 3█ OVERVIEW This indicator tracks current trends. Trends are determined by the zones created for them, the brighter the zone, the higher the probability of a market reversal. █ FEATURES The indicator adapts to any market. You can set your own values ​​for your system Any timeframe can be used You can increase the number of zones █ HOW TO USE If the market starts to enter the red zone, open buy and hold until the second or third zone. If the market moves towards the blue zone, we sells and hold until the next zone. █ The author of the work Rick Atwood
مؤشرات Pine Script™
من ‎AstroHub‎
2
CHOP Zone Entry Strategy + DMI/PSAR ExitThis is a Strategy with associated visual indicators and Long/Short and Reverse/Close Position Alerts for the Choppiness Index (CHOP) . It is used to determine if the market is choppy (trading sideways) or not choppy (trading within a trend in either direction). CHOP is not directional, so a DMI script was ported into this strategy to allow for trend confirmation and direction determination; it consists of an Average Directional Index (ADX) , Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) . In addition, a Parabolic SAR is also included to act as a trailing stop during any strong trends. Development Notes --------------------------- This indicator, and most of the descriptions below, were derived largely from the TradingView reference manual. Feedback and suggestions for improvement are more than welcome, as well are recommended Input settings and best practices for use. www.tradingview.com www.tradingview.com www.tradingview.com Recommend using the below DMI and PSAR indicators in conjunction with this script to fully visualize and understand how entry and exit conditions are chosen. Variable inputs should correlate between the scripts for uniformity and visual compatibility. THANKS to LazyBear and his Momentum Squeeze script for helping me quickly develop a momentum state model for coloring the Chop line by trend. Strategy Description --------------------------- CHOP produces values that determine whether the market is choppy or trending . The closer the value is to 100 , the higher the choppiness levels , while the closer it is to 0 , the stronger the market is trending . Territories for both levels, and their associated upper and lower thresholds, are popularly defined using the Fibonacci Retracements, 61.8 and 38.2. Basic Use --------------------------- CHOP is often used to confirm the market condition to help you stay out of sideways markets and only enter when there is movement or imminent explosions. When readings are above the upper threshold, continued sideways movement may be expected, while readings below the lower threshold are typically indicative of a continuing trend. It is also used to anticipate upcoming trendiness changes, with the general belief that extended periods of consolidation (sideways movement) are followed by extended periods of strong, trending, directional movement, and vice versa. One limitation in this index is that you must be cautious in deciding whether the range or trend will likely continue, or if it will reverse. Confidence in price action and trend is higher when two or more indicators are in agreement -- while this strategy combines CHOP with both DMI and PSAR, we would still recommend pairing with other indicators to determine entry or exit trade opportunities. Recommend also choosing 'Once Per Bar Close' when creating alerts. Inputs --------------------------- Strategy Direction - an option to only trade Short, Long, Both, or only in the direction of the Trend (Follow Trend is the Default). Sensitivity - an incremental variable to test whether the past n candles are in the same trend state before triggering a delayed long or short alert (1 is the Default). Can help filter out noise and reduces active alerts. Show Chop Index - two visual styles are provided for user preference, a visible Chop line with a background overlay, or a compact column and label only view. Chop Lookback Period - the time period to be used in calculating CHOP (14 is the Default). Chop Offset - changing this number will move the CHOP either forwards or backwards relative to the current market (0 is the Default). Smooth Chop Line and Length - if enabled, the entered time period will be used in calculating a smooth average of the index (Enabled and 4 are the Defaults). Color Line to Trend Direction - toggles whether the index line is colored to visually depict the current trend direction (Enabled is the Default). Color Background - toggles the visibility of a background color based on the index state (Enabled is the Default). Enable DMI Option - if enabled, then entry will be confirmed by and dependent on the ADX Key Level, with any close or reversal confirmed by both ADX and +/-DI to determine whether there is a strong trend present or not (Enabled is the Default). ADX Smoothing - the time period to be used in calculating the ADX which has a smoothing component (14 is the Default). DI Length - the time period to be used in calculating the DI (14 is the Default). ADX Key Level - any trade with the ADX above the key level is a strong indicator that it is trending (23 to 25 is the suggested setting). Enable PSAR Option - enables trailing stop loss orders (Enabled is the Default). PSAR Start - the starting value for the Acceleration Force (0.015 is our chosen Default, 0.02 is more common). PSAR Increment - the increment in which the Acceleration Force will move (0.001 is our chosen Default, 0.02 is more common). PSAR Max Value - the maximum value of the Acceleration Factor (0.2 is the Default). Color Candles Option - an option to transpose the CHOP condition levels to the main candle bars. Note that the outer red and green border will still be distinguished by whether each individual candle is bearish or bullish during the specified timeframe. Note too that if both DMI and PSAR are deselected, then close determinations will default to a CHOP reversal strategy (e.g., close long when below 38.2 and close short when above 61.8). Though if either DMI or PSAR are enabled, then the CHOP reversal for close determination will automatically be disabled. Indicator Visuals --------------------------- For the candle colors, black indicates tight chop (45 to 55), yellow is loose chop (38.2 to 45 and 55 to 61.8), dark purple is trending down (< 38.2), and dark blue is trending up (> 61.8). The background color has additional shades to differentiate a wider range of more levels… • < 30 is dark purple • 30 to 38.2 is purple • 38.2 to 45 is light purple • 45 to 55 is black • 55 to 61.8 is light blue • 61.8 to 70 is blue • > 70 is dark blue Long, Short, Close, and Reverse labels are plotted on the Chop line, which itself can be colored based on the trend. The chop line can also be hidden for a clean and compact, columnar view, which is my preferred option (see example image below). Visual cues are intended to improve analysis and decrease interpretation time during trading, as well as to aid in understanding the purpose of this strategy and how its inclusion can benefit a comprehensive trading plan. DMI and Trend Strength --------------------------- To analyze trend strength, the focus should be on the ADX line and not the +DI or -DI lines.  An ADX reading above 25 indicates a strong trend , while a reading below 20 indicates a weak or non-existent trend .  A reading between those two values would be considered indeterminable. Though what is truly a strong trend or a weak trend depends on the financial instrument being examined; historical analysis can assist in determining appropriate values. DMI exits trade when ADX is below the user selected key level (e.g., default is 25) and when the +/- DI lines cross (e.g., -DI > +DI exits long position and +DI > -DI exits short position). PSAR and Trailing Stop --------------------------- PSAR is a time and price based indicator that excels at measuring direction and duration, though not the actual strength of a trend, which is why we use this in conjunction with DMI. It is also included in this script as a trailing stop option to maximize gains during strong trends and to mitigate any false ADX strengthening signals. This creates a parabola that is located below the candle during a Bullish trend and above during a Bearish trend. A buy or reversal is signaled when the price crosses above or below the Parabolic SAR. Long/Short Entry --------------------------- 1. CHOP must be over 61.8 (long) or under 38.2 (short). 2. If DMI is enabled, then the ADX signal line must be above the user selected Key Level (default is 25). 3. If Sensitivity is selected, then that past candle must meet the criteria in step 1, as well as all the intermediate candles in between. 4. If "Follow Trend" is selected and PSAR is enabled, then a long position can only open when the momentum and PSAR are in an uptrend, or short when both are in a downtrend, to include all intermediate candles if the Sensitivity option is set on a past candle. Close/Reverse --------------------------- 1. If DMI is enabled, then a close flag will be raised when the ADX signal drops below the Key Level (of 25), and -DI crosses over +DI (if long), or +DI crosses over -DI (if short). 2. If PSAR is enabled, then a close flag will be raised when the current trend state is opposite the last state. 3. If both DMI and PSAR are disabled, then a close flag will be raised if the Chop line drops under 38.2 (if long) or goes over 61.8 (if short). 4. If a Long or Short Entry is triggered on the same candle as any of the above close flags, then the position will be reversed, else the position will be closed. Strategy Alerts --------------------------- 1. Long Entry 2. Short Entry 3. Reverse 4. Close The provided backtest result is based on a position sizing of 10% equity with 100k initial capital. When testing SPX, disabling the DMI performed the best, but EURUSD performed poorly without it enabled, and TSLA had a small reduction in net profit. Timeframe likewise differed between commodities with TSLA performing best at 30M, SPX at 15M, and EURUSD at 4H. I do not plan on using this as a standalone strategy, but I also was expecting better results with the inclusion of EMI and PSAR to compliment the CHOP. Key elements of this script will likely be included in future, more holistic strategies. Disclaimer --------------------------- Past performance may not be indicative of future results. Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting. This post and the script are not intended to provide any financial advice. Trade at your own risk. No known repainting, though there may be if an offset is introduced in the Inputs. I did my best not to code any other variables that repaint, but cannot fully attest to this fact.
استراتيجيات Pine Script™
من ‎IronCasper‎
4
Automatic FibonacciFibonacci retracements are popular among technical traders. In technical analysis, a Fibonacci retracement is created by taking two extreme points (usually a peak and a trough) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8%, and 100%. Basic fibo levels are often known to be 14.6%, 23.6%, 38.2%, 50%, 61.8%, 76.4%, 88.6% and 100%. This indicator will draw the fibonacci levels automatically. Once these levels are identified, horizontal lines are drawn and used to identify possible support and resistance levels including zones. The fibo levels on this indicator gives you the option to use basic fibo or new paradigm fibo levels. New paradigm fibo levels may be new to most traders, however, the application of new paradigm fibo does allow one to trade with least risk due to the precision of the price action surrounding the fibo levels and zones. One of the most efficient and great ways to apply this auto fibo indicator and the new paradigm fibo is by only leaving the fibo levels that do have hits and un-selecting the fibo levels that do not have any. You can further remove any other levels so you can trade the zones that these fibo levels create. In addition, you can also switch the timeframe of the fibo from 1D to different number of days to 1W.
مؤشرات Pine Script™
من ‎TradersParadigm‎
2
Adaptive Price Zone Backtest The adaptive price zone (APZ) is a volatility-based technical indicator that helps investors identify possible market turning points, which can be especially useful in a sideways-moving market. It was created by technical analyst Lee Leibfarth in the article “Identify the Turning Point: Trading With An Adaptive Price Zone,” which appeared in the September 2006 issue of the journal Technical Analysis of Stocks and Commodities. This indicator attempts to signal significant price movements by using a set of bands based on short-term, double-smoothed exponential moving averages that lag only slightly behind price changes. It can help short-term investors and day traders profit in volatile markets by signaling price reversal points, which can indicate potentially lucrative times to buy or sell. The APZ can be implemented as part of an automated trading system and can be applied to the charts of all tradeable assets. WARNING: - For purpose educate only - This script to change bars colors.
استراتيجيات Pine Script™
من ‎HPotter‎
3
Adaptive Price Zone Strategy The adaptive price zone (APZ) is a volatility-based technical indicator that helps investors identify possible market turning points, which can be especially useful in a sideways-moving market. It was created by technical analyst Lee Leibfarth in the article “Identify the Turning Point: Trading With An Adaptive Price Zone,” which appeared in the September 2006 issue of the journal Technical Analysis of Stocks and Commodities. This indicator attempts to signal significant price movements by using a set of bands based on short-term, double-smoothed exponential moving averages that lag only slightly behind price changes. It can help short-term investors and day traders profit in volatile markets by signaling price reversal points, which can indicate potentially lucrative times to buy or sell. The APZ can be implemented as part of an automated trading system and can be applied to the charts of all tradeable assets. Green color is long. Red color is short. WARNING: - For purpose educate only - This script to change bars colors.
مؤشرات Pine Script™
من ‎HPotter‎
13