Tsūrubokkusu (Toolbox)
█ OVERVIEW
This is our "Ultimate" indicator. After the success of our Rain On Me Indicator and after 1 Year of intensive development,
we have the honor to present to you "Tsūrubokkusu" (Toolbox)
of its name in English, is an indicator that we have developed according to the same criteria which have contributed to the fame of Rain On Me :
to implement the most effective Indicators harmonically for all Trading methods and to simplify them as much as possible in order to have
instant visibility of the Trend and reduce your analysis times and better to be able to concentrate on your decision-making and your Risk Management.
Whatever your style : Scalping, Day Trading, Swing or Investing; this Indicator will comply with your expectations thanks to a flexibility designed
to facilitate your work at all points. Provided of course to master the tools available to you. We have been asked several times to create an Indicator
that could predict with exactitude the future of a Trend. Unfortunately that does not exist. Indicators are aptly named and are there to tell you
something, the "what" is up to you. Regarding the question of Repaint which comes up often, no the indicator does not Repaint, at least for the Signals.
If you see the "Warning Message" when placing an Alert, be sure to read it correctly. The Signals appear on the Chart and do not disappear.
They are 100% Confirmed. You also have the choice to display Unconfirmed Signals (in Transparent color) and to place an Alert for those too
to make sure you don't miss a thing. But we'll see this in more detail below.
══════════════════════════════════════════════════════════════════════
█ INDICATORS AND OPTIONS
Here is the combination of indicators present and the different options available :
═══ Ichimoku Kinkō hyō 改善 ═══
1• Ichimoku Cloud
The Ichimoku Cloud, developed by Goichi Hosoda and published in the late 1960s, is a collection of technical indicators that give it a unique capacity
to show Support and Resistance Levels, Momentum and Trend direction. The overall Trend is Up when Price is above the Cloud, known as Kumo Cloud,
Down when price is below the Kumo Cloud, and Trendless or Transitioning when Price is in the Kumo Cloud Traders often use the Kumo Cloud as an area
of Support and Resistance depending on the relative location of the Price. The Kumo Cloud provides Support/Resistance Levels that can be projected into
the future. This sets the Ichimoku Cloud apart from many other technical indicators that only provide Support and Resistance Levels for the current Date
and Time. Crossovers, also known as TK Cross among Ichimoku Cloud traders, are another way the indicator can be used.
Note that the movement of the Chikō has been revised and it is advisable not to modify its value. The Kumo has been extended to act as Forecasting.
To learn more about the Ichimoku Indicator, refer to the dedicated Tradingview page :
www.tradingview.com/...deas/ichimokuclouds/
══ Trend Analysis トレンド分析 ══
2• Fibonacci Retracement
Fibonacci Pivot Points use the Key Fibonacci Retracement ratios (100%, 61.8% and 38.2%) applied to the Price Range traversed during the previous session.
The Price Range is determined by the difference between the High and the Low of the Session. These Retracement Levels are then added or subtracted
from the Pivot, to obtain the three Levels of Support and Resistance. As for the Pivot itself, it is calculated in the same way as in the classical method.
We have included 10 Fibonacci Levels for the Uptrends and 10 Fibonacci Levels for the Downtrends with the 0 Level in the middle.
This is the best way to use Fibonacci. You also have the possibility to display only the Key Levels (0.382, 0.618, 1000, 1.328, 1.618) and to set
the Fibonacci Period to "Day", "Week" or "Month".
To learn more about Fibonacci Retracements refer to the dedicated Tradingview page :
www.tradingview.com/...lutions/43000585089/
3• Bollinger Bands
Bollinger bands are two lines placed at a fixed distance above and below a given moving average, forming a channel.
Traditionally, the period of the moving average is 20 sessions and the band spacing is +/- 2 standard deviations from the mean.
They allow you to know when prices are too far from an average by taking volatility into account. When prices break the upper band,
for example, we can say that the value is growing strongly. The reverse for the bottom band. The faster the prices vary in both directions,
the more the bands diverge. Here the bands are in gradient colors.
To learn more about Bollinger Bands refer to the dedicated Tradingview page :
www.tradingview.com/...-bollinger-bands-bb/
4• Support & Resistance
Support & Resistance based on the Highest and Lowest values of a Loopback Period (in Bar(s)).
They are shown in dotted line (Green for a Support and Red for a Resistance by default).
These colors can also indicate the Trend. Watch out for Candle Wicks which can break these lines and also indicate a Reversal.
To learn more about Support & Resistance refer to the dedicated Tradingview page :
tradingview.com/scri...upportandresistance/
5• Trend Lines
The Trend Lines indicate the Trend on 2 periods (Green for an Upward Trend, Red for a Downward Trend by default)
from the Highest High and Lowest Low by the values given for the Short and Long Period.
As Trends Lines are based on Highest High and Lowest Low,
you have the option of displaying a Label with the exact Price of the last HH or LL in question.
To learn more about Trend Lines, refer to the dedicated Tradingview page :
tradingview.com/ideas/trendline/
6• Linear Regression
Linear Regression is a Mathematical tool used to measure Trends.
It shows where Prices should be statistically relative to the value for the given Period.
If the Baseline (positioned in the middle) is Green the Trend is Bullish and Bearish so Red. Gray lines can act as a Support/Resistance line.
To learn more about Linear Regression, refer to the dedicated Tradingview page :
www.tradingview.com/...ts/linearregression/
7• Arrow Forecasting
The Arrow Forecasting will tell you a Trend direction probability point with Green (Bullish) and Red (Bearish) color by default
based on your current Timeframe.
══ Candlestick Pattern ローソク足パターン ══
8• Engulfing Candle
An Engulfing Candle is defined as follows : Bullish Engulfing = Trade below the prior Candle Low and Close above the prior Candle High.
Bearish Engulfing : Trade above the prior Candle High and Close below the prior Candle Low.
Previous Candle can be an Up (Bullish) or a Down (Bearish) Candle.
9• Reversal Engulfing Candle
Reversal Engulfing Candle Works the same as regular Engulfing Candles but may indicate an area of Trend recovery after the affected Reversal.
10• Doji
Doji Candlestick appears on the Trading Chart when the Market opens and closes at the same Price Level.
It simply means that the market is uncertain if the Buyers or Sellers are in control.
11• Evening & Morning Star
In Morning Star formation the first Candlestick is Bearish. The second Candlestick has a small Body.
It does not matter if the second Body is Bullish or Bearish the small Body serves as an indicator that the Bears are losing their capacity to drive
the Market Lower. It is also possible for the second Candlestick to have no Body (a Doji).The third Body is Bullish that closes within the first Candlestick, preferably beyond the halfway point of the first Candlestick. This shows that the Bulls are gaining control.
In Evening Star formation the first Candlestick strong Bullish Body. The second Candlestick has a small Body. It can be Bullish or Bearish.
It is also possible for the second Candlestick to have no Body (a Doji).The third Candlestick has a strong Bearish Body and closes within the Body
of the first Candlestick, preferably beyond the halfway point of the first Candlestick in the Pattern.
12• POC (Point-Of-Control) Candle
The Price Level for the Time Period with the Highest Traded Volume Value Area (VA) – The Range of Price Levels in which a specified percentage
of all Volume was Traded during the Time Period. Whenever we get into that Range of Price Levels, a Candle will be Highlighted in Silver color.
═════ Average True Range 平均真の範囲 ════
•13 Average True Range (ATR)
is the Average of True Ranges over the specified Period. ATR measures Volatility,
taking into account any Gaps in the Price movement. Typically, the ATR calculation is based on 14 Periods,
which can be Intraday, Daily, Weekly, or Monthly.
The ATR is the main tool of this Indicator and we have taken special care.
It is the same tool as our other indicator "ATR Pip Control" but more complete.
It has been simplified like most of the other tools present in this Indicator to display “Buy” (B) and “Sell” (S) Labels.
But instead using a Multiplier to Filter Signals like most of ATR out there, we are using here a Filter based on the Exchange of Price
between Ticks which will allow you to Filter as much as possible the Parasitic Signals so as to keep the most important Signals. As ATR is an Indicator based on Volatility, Signals tend to appear and then disappear intra-bar.
This is why we have included the option of being able to see the first Signal in Transparent,
then if this turns out to be Confirmed it will appear opaque on the next candle.
By default the ATR Baseline uses the "RMA" type Moving Average but you have a large choice of Moving Average type available (listed below).
Here are the different options present in the ATR :
•ATR Label : ATR Signals are represented by Labels marked «B» in Greenish and «S» in Pinkish by default.
•ATR Unconfirmed Signals : Unconfirmed Signals will be displayed in Transparent color.
•ATR Period : It is better to leave the ATR Period by default.
•Pip Control : Filters ATR Signals by the Exchange of Prices between Ticks. Depending on the Markets, the value can differ from
1 to 20 for Futures, Forex, CFD... But can go up to 5000 or more for Cryptos. 0 = Disabled.
•Moving Average Type (Signals Filter) : SMA, EMA, REMA, RMA, HMA, HMA3, DEMA, TEMA, TMA, ZLEMA, WMA, VWMA, VWAP,
SINEWMA, SMMA, SHMMA, ALMA, LAMA, Kalman, JMA , Triangular, WildMA, SuperSmooth, KAMA, Median, HighPass, LowPass.
•Moving Average Length.
•Optional Take Profit and Stop Loss adjustable in %.
•ATR-Volume/RSI Filtered Baseline : ATR Baseline combines the Period of the ATR with a Volume RSI Filter.
This allows to have a precise indication of the movements of the ATR while having in gradient the color of the Overbought (Green) and Oversold (Red)
of the RSI. Orange/Yellow = Neutral or can indicate a reversal.
•ATR informations : This option will show you next to the last current Candle (in Gray color) the elapsed Time in % on the current Candle
from its opening to its closing and the Winrate of the ATR calculated by the total number of Wins/Losses Trades.
Please note : this does not reflect the REAL Winrate on yours Trades. This option can be only used to give you a hand in best tuning the ATR signals.
•ATR Strength : Will display a Bar at the bottom of the chart with a cursor moving Left to Right (Sell Left Buy Right)
to know the Relative Strength to the ATR in Real Time. The more filled the Bar, the greater the Volatility.
The ATR Strength (Volatility Percentage) and the Current ATR value of the ATR is also displayed.
•ATR Local High/Low : Local High/Low lines shows the Upper/Lower Channels of the Pip Control value. They can also be interpreted as Stop Loss/Take Profit Zone.
To learn more about the ATR Indicator, refer to the dedicated Tradingview page :
www.tradingview.com/...rage-true-range-atr/
═════ Stochastic & RSI 確率的とRSI ═════
14• RSI (Relative Strength Index)
is a Momemtum indicator that Measures Price Strength or Market Dynamics by comparing Gains and Losses over a given Time Period.
It makes it possible to define the power of a Trend and thus identify if the movement is running out of steam and also makes it possible to know
if the Market is Overbought or Oversold.
• RSI Signals : Display RSI Signals Filtered by EMA and T3 as a Lime or Pink Labels by default (for a Bullish or Bearish condition).
These Signals act in the same way as a Divergence.
• RSI Meter : Displays the RSI Trend through a Speed-O-Meter on the Chart.
• RSI Range Candle Highlighting : Repaint the Candles Pinkish by default when the RSI is Oversold,
Greenish by default when the RSI is Overbought and Transparent if the RSI is Neutral.
•RSI Period.
•RSI Oversold.
•RSI Overbought.
•Stochastic %K.
•Stochastic %D.
•Stochastic Smoothing.
•Stochastic Oversold.
•Stochastic Overbought.
To learn more about the Stoch-RSI Indicator refer to the dedicated Tradingview page :
www.tradingview.com/...astic-rsi-stoch-rsi/
═════ AVERAGE DIRECTIONAL INDEX 平均方向指数 ═════
15• ADX (Average Directional Index)
Measures the Strength of a Trend and can be useful in determining whether a Trend is Strong or Weak, depending
on whether its value is High (Strong Trend) or Low (Weak Trend). When this indicator shows a Low value, a trading Range Period is likely to develop.
In this case, it is advisable to avoid entering the Stock Market, conversely if the ADX curve is High, this will be more conducive to a Trade positioning.
•ADX Length.
•ADX Threshold.
To learn more about the ADX Indicator, refer to the dedicated Tradingview page :
www.tradingview.com/...rectional-index-adx/
═════ OBV-MACD Divergence 発散 ═════
16• Divergences
are displayed as Lime lines for Bullish Divergences and as a Red lines for Bearish Divergences by default.
•MACD Fast Period.
•MACD Slow Period.
•MACD Smoothing.
To learn more about the MACD Indicator, refer to the dedicated Tradingview page :
www.tradingview.com/...vergence-divergence/
To learn more about the OBV Indicator, refer to the dedicated Tradingview page :
www.tradingview.com/...-balance-volume-obv/
═════ Information Panel 情報パネル ═════
17• Information Panel
Will display an Information Panel that will give you in Real Time the status of all the Indicators present in our Indicator.
(Through a Green Light 🟢 for a Bullish state, a Red Light 🔴 for a Bearish state and a Gray Light ⚫ when the state is Neutral).
•White Text For Transparent Objects : Useful depending on the color of the type of background used (light or dark).
•Panel Offset : Allows you to move the Information Panel Left or Right.
══════════════════════════════════════════════════════════════════════
█ STRATEGY
-How to interpret the Indicator as a whole?
Depending on your Strategy, you may not necessarily need to use all the tools available to you at the same time.
Everything is flexible and you can choose to deactivate all the tools until you leave nothing on the Chart if you wish.
Over time or depending on your experience, you will be able to interpret all the tools at the same time and draw conclusions
to support your analysis. We have intentionally left the settings of all Indicators at default so that you can adjust them depending
on your type of Trading method, depending on the Market you are in, depending on the Timeframe used.
You need to take all of these details into account if you want to get the most out of the Indicator's potential.
You must understand each tool in the Indicator if you want to be able to get the most out of it. It goes without saying.
We have included "Tooltips" next to almost every option in the Indicator Settings to help support you better.
• It is advisable to have a Pro Account (at least) to take advantage of Alerts and increased flexibility and avoid
having to spend hours looking at the Chart.
•This script is not MTF (only HTF) but it is designed to be working on all Timeframes.
•Follow ATR Signals only when the following conditions are met : Take positions at times when the Markets are open.
When you have a Buy or Sell Signal it is advisable to wait for a confirmation Bar before entering a position (By default, you will see
a first Transparent Label appear then if the Signal is confirmed, you will see an opaque Label on the next Bar). You also have an option
(disabled by default) to set a percentage of Take Profit or Stop Loss and be Alerted when the Price reach them
(Note that Take Profit and Stop Loss are especially useful when doing Swing Trading).
Also look at the Baseline of the ATR being Filtered by Volume/RSI, it will will also indicate when the Trend is Overbought, Oversold or Neutral.
(if Neutral the color of the Baseline should draw towards Orange/Yellow, this can also indicate a reversal).
• Another important thing you can do is to look at RSI Range Candles. If they are Greenish = Overbought RSI or if Pinkish = Oversold RSI.
If so if Transparent, it means better not to enter position and wait cause the RSI is Neutral,
• Looking at the RSI Meter can help you know the value of the RSI in real time and have an instant visual on the Overbought/Oversold area.
You can also take a look at the “HH” (Highest High) and “LL” (Lowest Low) Labels which are linked to the Trend Lines.
They will help you in addition to the RSI to better find areas to Sell High or Buy Low.
•Never enter position when the candle is about to close. (You have the indication of the elapsed bar time next to the current candle).
•Never enter position when the Candle is about to touch an Key Fibonacci Level. Note that this also applies to anything that acts as
Support and Resistance. (The tools considered as Supports/Resistances are : The Ichimoku Kumo, The Grays Lines of Linear Regression,
Trend Lines and Local High/Low of ATR). Enter in position that if the conditions noted above are met and if the Candle crosses
the Fibonacci Level 0.382, wait a lil bit to be sure there is no rejection then you can enter in position up to the Level 0.5,
in theory it is better to wait for the Candle to consolidate and climb up to the 0.618 level but if there is rejection at the 0.5 Level it will be
better to cut your Trade in this case. If the Candle crosses the 0.618 Level, again without rejection, according to the Fibonacci Rules,
we now have a good consolidation and the Candle is likely to fall. Reach Level 1000 which is your new Take Profit zone, after Level 1000,
the same Rules mentioned above start again.If the Trend ever goes outside the Range of Fibonacci Levels and exceeds the last Level,
then you will need to readjust the Fibonacci Period from the Settings.
•The Information Panel indicates that the different Indicators contradict each other or contradict the ATR Signal. What to do ?
If you are just starting out, it will again depend on your ability to interpret the different indicators and Timeframes you choose. However,
whatever the Time Period you use, the following indicators should preferably go in the same direction as the ATR signal as a priority :
Ichimoku and RSI. It is also preferable that the Volumes are Strong. The Stochastic being a Momentum type Indicator it goes hand in hand
with the RSI. But will be more effective for Scalpers and Traders in sideways or more volatile Markets.
While MACD and ADX will be more useful for Swings Traders and Investors.
The Market Sentiment being based on filtered moving averages, is only there to get a quick overview of the trend.
══════════════════════════════════════════════════════════════════════
█ ALERTS
You have the possibility to place an Alert for almost each of the tools present in the Indicator. Here is the list of Alerts available :
•ATR Buy (Unconfirmed)
•ATR Buy Condition!
•ATR Sell (Unconfirmed)
•ATR Sell Condition!
•ATR Buy (Unconfirmed)
•ATR Stop Loss!
•ATR Take Profit!
•Doji Detected!
•Engulfing Candle Detected!
•Fib Level Has Been Crossed!
•OBV-MACD Bearish Divergence!
•OBV-MACD Bullish Divergence!
•RSI Bearish Condition!
•RSI Bullish Condition!
Please note that it is essential to always choose "Once per bar" (and NOT the "Once per bar close"!) option
whenever you want to place an Alert. The Any Alert() Function Call option is also available.
══════════════════════════════════════════════════════════════════════
█ NOTES AND SPECIALS THANKS
We would like to Thanks everybody who gave us a hand and helped us to develop this project !
A BIG Thanks to RumpyPumpyDumpy for his help in understanding how to plot the "RSI Speed-o-Meter" on the chart and for his permission
to republish his code in Invite-Only !
Thanks to Parisseine for his participation in the development of the script.
Thanks to Dgtrd for his support,
Thanks to Rafael Zioni for his valuable advice.
Thanks also to those I forget (if there are any) and to Nilanjan62 for participating in the BETA test during all the development.
Feel free to contact us if you have any suggestions/questions !
And remember, Risk Management is the most important. Good trade everyone !
PS : A LITTLE MESSAGE DEDICATED TO HATERS : The indicator may look similar to some indicators, but it is by no means a copy!
Its use and the strategy adopted with it are completely different. The last time we published it some users reported it as a copy without
testing it or even knowing the calculation and code behind it. So before you shout about plagiarism and destroy someone's work and reputation
please provide solid proof of what you are saying.
This is our "Ultimate" indicator. After the success of our Rain On Me Indicator and after 1 Year of intensive development,
we have the honor to present to you "Tsūrubokkusu" (Toolbox)
of its name in English, is an indicator that we have developed according to the same criteria which have contributed to the fame of Rain On Me :
to implement the most effective Indicators harmonically for all Trading methods and to simplify them as much as possible in order to have
instant visibility of the Trend and reduce your analysis times and better to be able to concentrate on your decision-making and your Risk Management.
Whatever your style : Scalping, Day Trading, Swing or Investing; this Indicator will comply with your expectations thanks to a flexibility designed
to facilitate your work at all points. Provided of course to master the tools available to you. We have been asked several times to create an Indicator
that could predict with exactitude the future of a Trend. Unfortunately that does not exist. Indicators are aptly named and are there to tell you
something, the "what" is up to you. Regarding the question of Repaint which comes up often, no the indicator does not Repaint, at least for the Signals.
If you see the "Warning Message" when placing an Alert, be sure to read it correctly. The Signals appear on the Chart and do not disappear.
They are 100% Confirmed. You also have the choice to display Unconfirmed Signals (in Transparent color) and to place an Alert for those too
to make sure you don't miss a thing. But we'll see this in more detail below.
══════════════════════════════════════════════════════════════════════
█ INDICATORS AND OPTIONS
Here is the combination of indicators present and the different options available :
═══ Ichimoku Kinkō hyō 改善 ═══
1• Ichimoku Cloud
The Ichimoku Cloud, developed by Goichi Hosoda and published in the late 1960s, is a collection of technical indicators that give it a unique capacity
to show Support and Resistance Levels, Momentum and Trend direction. The overall Trend is Up when Price is above the Cloud, known as Kumo Cloud,
Down when price is below the Kumo Cloud, and Trendless or Transitioning when Price is in the Kumo Cloud Traders often use the Kumo Cloud as an area
of Support and Resistance depending on the relative location of the Price. The Kumo Cloud provides Support/Resistance Levels that can be projected into
the future. This sets the Ichimoku Cloud apart from many other technical indicators that only provide Support and Resistance Levels for the current Date
and Time. Crossovers, also known as TK Cross among Ichimoku Cloud traders, are another way the indicator can be used.
Note that the movement of the Chikō has been revised and it is advisable not to modify its value. The Kumo has been extended to act as Forecasting.
To learn more about the Ichimoku Indicator, refer to the dedicated Tradingview page :
www.tradingview.com/...deas/ichimokuclouds/
══ Trend Analysis トレンド分析 ══
2• Fibonacci Retracement
Fibonacci Pivot Points use the Key Fibonacci Retracement ratios (100%, 61.8% and 38.2%) applied to the Price Range traversed during the previous session.
The Price Range is determined by the difference between the High and the Low of the Session. These Retracement Levels are then added or subtracted
from the Pivot, to obtain the three Levels of Support and Resistance. As for the Pivot itself, it is calculated in the same way as in the classical method.
We have included 10 Fibonacci Levels for the Uptrends and 10 Fibonacci Levels for the Downtrends with the 0 Level in the middle.
This is the best way to use Fibonacci. You also have the possibility to display only the Key Levels (0.382, 0.618, 1000, 1.328, 1.618) and to set
the Fibonacci Period to "Day", "Week" or "Month".
To learn more about Fibonacci Retracements refer to the dedicated Tradingview page :
www.tradingview.com/...lutions/43000585089/
3• Bollinger Bands
Bollinger bands are two lines placed at a fixed distance above and below a given moving average, forming a channel.
Traditionally, the period of the moving average is 20 sessions and the band spacing is +/- 2 standard deviations from the mean.
They allow you to know when prices are too far from an average by taking volatility into account. When prices break the upper band,
for example, we can say that the value is growing strongly. The reverse for the bottom band. The faster the prices vary in both directions,
the more the bands diverge. Here the bands are in gradient colors.
To learn more about Bollinger Bands refer to the dedicated Tradingview page :
www.tradingview.com/...-bollinger-bands-bb/
4• Support & Resistance
Support & Resistance based on the Highest and Lowest values of a Loopback Period (in Bar(s)).
They are shown in dotted line (Green for a Support and Red for a Resistance by default).
These colors can also indicate the Trend. Watch out for Candle Wicks which can break these lines and also indicate a Reversal.
To learn more about Support & Resistance refer to the dedicated Tradingview page :
tradingview.com/scri...upportandresistance/
5• Trend Lines
The Trend Lines indicate the Trend on 2 periods (Green for an Upward Trend, Red for a Downward Trend by default)
from the Highest High and Lowest Low by the values given for the Short and Long Period.
As Trends Lines are based on Highest High and Lowest Low,
you have the option of displaying a Label with the exact Price of the last HH or LL in question.
To learn more about Trend Lines, refer to the dedicated Tradingview page :
tradingview.com/ideas/trendline/
6• Linear Regression
Linear Regression is a Mathematical tool used to measure Trends.
It shows where Prices should be statistically relative to the value for the given Period.
If the Baseline (positioned in the middle) is Green the Trend is Bullish and Bearish so Red. Gray lines can act as a Support/Resistance line.
To learn more about Linear Regression, refer to the dedicated Tradingview page :
www.tradingview.com/...ts/linearregression/
7• Arrow Forecasting
The Arrow Forecasting will tell you a Trend direction probability point with Green (Bullish) and Red (Bearish) color by default
based on your current Timeframe.
══ Candlestick Pattern ローソク足パターン ══
8• Engulfing Candle
An Engulfing Candle is defined as follows : Bullish Engulfing = Trade below the prior Candle Low and Close above the prior Candle High.
Bearish Engulfing : Trade above the prior Candle High and Close below the prior Candle Low.
Previous Candle can be an Up (Bullish) or a Down (Bearish) Candle.
9• Reversal Engulfing Candle
Reversal Engulfing Candle Works the same as regular Engulfing Candles but may indicate an area of Trend recovery after the affected Reversal.
10• Doji
Doji Candlestick appears on the Trading Chart when the Market opens and closes at the same Price Level.
It simply means that the market is uncertain if the Buyers or Sellers are in control.
11• Evening & Morning Star
In Morning Star formation the first Candlestick is Bearish. The second Candlestick has a small Body.
It does not matter if the second Body is Bullish or Bearish the small Body serves as an indicator that the Bears are losing their capacity to drive
the Market Lower. It is also possible for the second Candlestick to have no Body (a Doji).The third Body is Bullish that closes within the first Candlestick, preferably beyond the halfway point of the first Candlestick. This shows that the Bulls are gaining control.
In Evening Star formation the first Candlestick strong Bullish Body. The second Candlestick has a small Body. It can be Bullish or Bearish.
It is also possible for the second Candlestick to have no Body (a Doji).The third Candlestick has a strong Bearish Body and closes within the Body
of the first Candlestick, preferably beyond the halfway point of the first Candlestick in the Pattern.
12• POC (Point-Of-Control) Candle
The Price Level for the Time Period with the Highest Traded Volume Value Area (VA) – The Range of Price Levels in which a specified percentage
of all Volume was Traded during the Time Period. Whenever we get into that Range of Price Levels, a Candle will be Highlighted in Silver color.
═════ Average True Range 平均真の範囲 ════
•13 Average True Range (ATR)
is the Average of True Ranges over the specified Period. ATR measures Volatility,
taking into account any Gaps in the Price movement. Typically, the ATR calculation is based on 14 Periods,
which can be Intraday, Daily, Weekly, or Monthly.
The ATR is the main tool of this Indicator and we have taken special care.
It is the same tool as our other indicator "ATR Pip Control" but more complete.
It has been simplified like most of the other tools present in this Indicator to display “Buy” (B) and “Sell” (S) Labels.
But instead using a Multiplier to Filter Signals like most of ATR out there, we are using here a Filter based on the Exchange of Price
between Ticks which will allow you to Filter as much as possible the Parasitic Signals so as to keep the most important Signals. As ATR is an Indicator based on Volatility, Signals tend to appear and then disappear intra-bar.
This is why we have included the option of being able to see the first Signal in Transparent,
then if this turns out to be Confirmed it will appear opaque on the next candle.
By default the ATR Baseline uses the "RMA" type Moving Average but you have a large choice of Moving Average type available (listed below).
Here are the different options present in the ATR :
•ATR Label : ATR Signals are represented by Labels marked «B» in Greenish and «S» in Pinkish by default.
•ATR Unconfirmed Signals : Unconfirmed Signals will be displayed in Transparent color.
•ATR Period : It is better to leave the ATR Period by default.
•Pip Control : Filters ATR Signals by the Exchange of Prices between Ticks. Depending on the Markets, the value can differ from
1 to 20 for Futures, Forex, CFD... But can go up to 5000 or more for Cryptos. 0 = Disabled.
•Moving Average Type (Signals Filter) : SMA, EMA, REMA, RMA, HMA, HMA3, DEMA, TEMA, TMA, ZLEMA, WMA, VWMA, VWAP,
SINEWMA, SMMA, SHMMA, ALMA, LAMA, Kalman, JMA , Triangular, WildMA, SuperSmooth, KAMA, Median, HighPass, LowPass.
•Moving Average Length.
•Optional Take Profit and Stop Loss adjustable in %.
•ATR-Volume/RSI Filtered Baseline : ATR Baseline combines the Period of the ATR with a Volume RSI Filter.
This allows to have a precise indication of the movements of the ATR while having in gradient the color of the Overbought (Green) and Oversold (Red)
of the RSI. Orange/Yellow = Neutral or can indicate a reversal.
•ATR informations : This option will show you next to the last current Candle (in Gray color) the elapsed Time in % on the current Candle
from its opening to its closing and the Winrate of the ATR calculated by the total number of Wins/Losses Trades.
Please note : this does not reflect the REAL Winrate on yours Trades. This option can be only used to give you a hand in best tuning the ATR signals.
•ATR Strength : Will display a Bar at the bottom of the chart with a cursor moving Left to Right (Sell Left Buy Right)
to know the Relative Strength to the ATR in Real Time. The more filled the Bar, the greater the Volatility.
The ATR Strength (Volatility Percentage) and the Current ATR value of the ATR is also displayed.
•ATR Local High/Low : Local High/Low lines shows the Upper/Lower Channels of the Pip Control value. They can also be interpreted as Stop Loss/Take Profit Zone.
To learn more about the ATR Indicator, refer to the dedicated Tradingview page :
www.tradingview.com/...rage-true-range-atr/
═════ Stochastic & RSI 確率的とRSI ═════
14• RSI (Relative Strength Index)
is a Momemtum indicator that Measures Price Strength or Market Dynamics by comparing Gains and Losses over a given Time Period.
It makes it possible to define the power of a Trend and thus identify if the movement is running out of steam and also makes it possible to know
if the Market is Overbought or Oversold.
• RSI Signals : Display RSI Signals Filtered by EMA and T3 as a Lime or Pink Labels by default (for a Bullish or Bearish condition).
These Signals act in the same way as a Divergence.
• RSI Meter : Displays the RSI Trend through a Speed-O-Meter on the Chart.
• RSI Range Candle Highlighting : Repaint the Candles Pinkish by default when the RSI is Oversold,
Greenish by default when the RSI is Overbought and Transparent if the RSI is Neutral.
•RSI Period.
•RSI Oversold.
•RSI Overbought.
•Stochastic %K.
•Stochastic %D.
•Stochastic Smoothing.
•Stochastic Oversold.
•Stochastic Overbought.
To learn more about the Stoch-RSI Indicator refer to the dedicated Tradingview page :
www.tradingview.com/...astic-rsi-stoch-rsi/
═════ AVERAGE DIRECTIONAL INDEX 平均方向指数 ═════
15• ADX (Average Directional Index)
Measures the Strength of a Trend and can be useful in determining whether a Trend is Strong or Weak, depending
on whether its value is High (Strong Trend) or Low (Weak Trend). When this indicator shows a Low value, a trading Range Period is likely to develop.
In this case, it is advisable to avoid entering the Stock Market, conversely if the ADX curve is High, this will be more conducive to a Trade positioning.
•ADX Length.
•ADX Threshold.
To learn more about the ADX Indicator, refer to the dedicated Tradingview page :
www.tradingview.com/...rectional-index-adx/
═════ OBV-MACD Divergence 発散 ═════
16• Divergences
are displayed as Lime lines for Bullish Divergences and as a Red lines for Bearish Divergences by default.
•MACD Fast Period.
•MACD Slow Period.
•MACD Smoothing.
To learn more about the MACD Indicator, refer to the dedicated Tradingview page :
www.tradingview.com/...vergence-divergence/
To learn more about the OBV Indicator, refer to the dedicated Tradingview page :
www.tradingview.com/...-balance-volume-obv/
═════ Information Panel 情報パネル ═════
17• Information Panel
Will display an Information Panel that will give you in Real Time the status of all the Indicators present in our Indicator.
(Through a Green Light 🟢 for a Bullish state, a Red Light 🔴 for a Bearish state and a Gray Light ⚫ when the state is Neutral).
•White Text For Transparent Objects : Useful depending on the color of the type of background used (light or dark).
•Panel Offset : Allows you to move the Information Panel Left or Right.
══════════════════════════════════════════════════════════════════════
█ STRATEGY
-How to interpret the Indicator as a whole?
Depending on your Strategy, you may not necessarily need to use all the tools available to you at the same time.
Everything is flexible and you can choose to deactivate all the tools until you leave nothing on the Chart if you wish.
Over time or depending on your experience, you will be able to interpret all the tools at the same time and draw conclusions
to support your analysis. We have intentionally left the settings of all Indicators at default so that you can adjust them depending
on your type of Trading method, depending on the Market you are in, depending on the Timeframe used.
You need to take all of these details into account if you want to get the most out of the Indicator's potential.
You must understand each tool in the Indicator if you want to be able to get the most out of it. It goes without saying.
We have included "Tooltips" next to almost every option in the Indicator Settings to help support you better.
• It is advisable to have a Pro Account (at least) to take advantage of Alerts and increased flexibility and avoid
having to spend hours looking at the Chart.
•This script is not MTF (only HTF) but it is designed to be working on all Timeframes.
•Follow ATR Signals only when the following conditions are met : Take positions at times when the Markets are open.
When you have a Buy or Sell Signal it is advisable to wait for a confirmation Bar before entering a position (By default, you will see
a first Transparent Label appear then if the Signal is confirmed, you will see an opaque Label on the next Bar). You also have an option
(disabled by default) to set a percentage of Take Profit or Stop Loss and be Alerted when the Price reach them
(Note that Take Profit and Stop Loss are especially useful when doing Swing Trading).
Also look at the Baseline of the ATR being Filtered by Volume/RSI, it will will also indicate when the Trend is Overbought, Oversold or Neutral.
(if Neutral the color of the Baseline should draw towards Orange/Yellow, this can also indicate a reversal).
• Another important thing you can do is to look at RSI Range Candles. If they are Greenish = Overbought RSI or if Pinkish = Oversold RSI.
If so if Transparent, it means better not to enter position and wait cause the RSI is Neutral,
• Looking at the RSI Meter can help you know the value of the RSI in real time and have an instant visual on the Overbought/Oversold area.
You can also take a look at the “HH” (Highest High) and “LL” (Lowest Low) Labels which are linked to the Trend Lines.
They will help you in addition to the RSI to better find areas to Sell High or Buy Low.
•Never enter position when the candle is about to close. (You have the indication of the elapsed bar time next to the current candle).
•Never enter position when the Candle is about to touch an Key Fibonacci Level. Note that this also applies to anything that acts as
Support and Resistance. (The tools considered as Supports/Resistances are : The Ichimoku Kumo, The Grays Lines of Linear Regression,
Trend Lines and Local High/Low of ATR). Enter in position that if the conditions noted above are met and if the Candle crosses
the Fibonacci Level 0.382, wait a lil bit to be sure there is no rejection then you can enter in position up to the Level 0.5,
in theory it is better to wait for the Candle to consolidate and climb up to the 0.618 level but if there is rejection at the 0.5 Level it will be
better to cut your Trade in this case. If the Candle crosses the 0.618 Level, again without rejection, according to the Fibonacci Rules,
we now have a good consolidation and the Candle is likely to fall. Reach Level 1000 which is your new Take Profit zone, after Level 1000,
the same Rules mentioned above start again.If the Trend ever goes outside the Range of Fibonacci Levels and exceeds the last Level,
then you will need to readjust the Fibonacci Period from the Settings.
•The Information Panel indicates that the different Indicators contradict each other or contradict the ATR Signal. What to do ?
If you are just starting out, it will again depend on your ability to interpret the different indicators and Timeframes you choose. However,
whatever the Time Period you use, the following indicators should preferably go in the same direction as the ATR signal as a priority :
Ichimoku and RSI. It is also preferable that the Volumes are Strong. The Stochastic being a Momentum type Indicator it goes hand in hand
with the RSI. But will be more effective for Scalpers and Traders in sideways or more volatile Markets.
While MACD and ADX will be more useful for Swings Traders and Investors.
The Market Sentiment being based on filtered moving averages, is only there to get a quick overview of the trend.
══════════════════════════════════════════════════════════════════════
█ ALERTS
You have the possibility to place an Alert for almost each of the tools present in the Indicator. Here is the list of Alerts available :
•ATR Buy (Unconfirmed)
•ATR Buy Condition!
•ATR Sell (Unconfirmed)
•ATR Sell Condition!
•ATR Buy (Unconfirmed)
•ATR Stop Loss!
•ATR Take Profit!
•Doji Detected!
•Engulfing Candle Detected!
•Fib Level Has Been Crossed!
•OBV-MACD Bearish Divergence!
•OBV-MACD Bullish Divergence!
•RSI Bearish Condition!
•RSI Bullish Condition!
Please note that it is essential to always choose "Once per bar" (and NOT the "Once per bar close"!) option
whenever you want to place an Alert. The Any Alert() Function Call option is also available.
══════════════════════════════════════════════════════════════════════
█ NOTES AND SPECIALS THANKS
We would like to Thanks everybody who gave us a hand and helped us to develop this project !
A BIG Thanks to RumpyPumpyDumpy for his help in understanding how to plot the "RSI Speed-o-Meter" on the chart and for his permission
to republish his code in Invite-Only !
Thanks to Dgtrd for his support,
Thanks to Rafael Zioni for his valuable advice.
Thanks also to those I forget (if there are any) and to Nilanjan62 for participating in the BETA test during all the development.
Feel free to contact us if you have any suggestions/questions !
And remember, Risk Management is the most important. Good trade everyone !
PS : A LITTLE MESSAGE DEDICATED TO HATERS : The indicator may look similar to some indicators, but it is by no means a copy!
Its use and the strategy adopted with it are completely different. The last time we published it some users reported it as a copy without
testing it or even knowing the calculation and code behind it. So before you shout about plagiarism and destroy someone's work and reputation
please provide solid proof of what you are saying.
Release Notes:
-Added Gradient Colors on Fibonacci Pivots.
Release Notes:
-Updated Tooltips.
Release Notes:
-Updated Tooltips.
-Added "Auto Pip Control" option. May help beginners not accustomed to the "Pip Control" option but will not give you the best Sucess Rate. Note that you cannot use this option at the same time as the "Pip Control" itself.
-Added drop-down menu now allowing you to choose between a simple RSI filter or a Volume Weighted RSI filter for the Baseline of the ATR.
-Improved RSI-Meter Scale.
-Added "Auto Pip Control" option. May help beginners not accustomed to the "Pip Control" option but will not give you the best Sucess Rate. Note that you cannot use this option at the same time as the "Pip Control" itself.
-Added drop-down menu now allowing you to choose between a simple RSI filter or a Volume Weighted RSI filter for the Baseline of the ATR.
-Improved RSI-Meter Scale.
Release Notes:
-Updated Tooltips.
Release Notes:
-Removed gradient on fibonacci.
-More transparent BB Bands.
-Added an option to choose size of the RSI Meter.
-Added "Accumulation/Distribution" State to the Info Panel.
-Improved messages in the "All Alerts Function Calls" for Fibonnaci.
-Improved "Auto-Pip Control" option which give us now an Winrate approximately between 64%-72% on every market and it also now enabled by default.
-Renamed "Pip Control" option to "Manual Pip Control" to better understand that if you're using the "Auto-Pip Control" option you can't use both at same time.
-Improved Tooltips.
-Code Cleaning.
-More transparent BB Bands.
-Added an option to choose size of the RSI Meter.
-Added "Accumulation/Distribution" State to the Info Panel.
-Improved messages in the "All Alerts Function Calls" for Fibonnaci.
-Improved "Auto-Pip Control" option which give us now an Winrate approximately between 64%-72% on every market and it also now enabled by default.
-Renamed "Pip Control" option to "Manual Pip Control" to better understand that if you're using the "Auto-Pip Control" option you can't use both at same time.
-Improved Tooltips.
-Code Cleaning.
Release Notes:
-Minor improvement.
Release Notes:
-Removed "Auto-Pip Control" option to simplify and avoid confusion between the options.
-Updated Pip Control Tooltip.
-Updated Pip Control Tooltip.
Release Notes:
-Added POC Line option which display Line according to an estimate of a Volume Profile to find POC (Point-Of-Control).
-Removed Reversal Engulfing Candle option which was really optional and let place to new option.
-Added Daily, Weekly, Monthly and Yearly Market Opening Price into the Info Panel.
-Updated Tooltip.
-Code Cleaning.
-Removed Reversal Engulfing Candle option which was really optional and let place to new option.
-Added Daily, Weekly, Monthly and Yearly Market Opening Price into the Info Panel.
-Updated Tooltip.
-Code Cleaning.
Release Notes:
-Minor improvement in the algorithm of block distribution.
Release Notes:
-Minor improvement.
Release Notes:
-Minor improvements.
Release Notes:
!=BIG UPDATE=!
We have improved the way the ATR interprets signals. To do this, we had to remove the possibility of choosing different moving averages and the length because we have recreated in our own way the "RMA" function which is much faster and more efficient. We have therefore at the same time removed the "unconfirmed" signals because all the signals are directly confirmed and a bar before. By default, it will seem to you that there are more signals than before posting on the chart (which can be useful for scalping) but above all this is what allows us to have an increased success rate.
WARNING: for this update you must delete and reconfigure your alerts.
Have a good trade and don't forget ... risk management remains the most important!
PS : A video tutorial is coming soon on my website!
We have improved the way the ATR interprets signals. To do this, we had to remove the possibility of choosing different moving averages and the length because we have recreated in our own way the "RMA" function which is much faster and more efficient. We have therefore at the same time removed the "unconfirmed" signals because all the signals are directly confirmed and a bar before. By default, it will seem to you that there are more signals than before posting on the chart (which can be useful for scalping) but above all this is what allows us to have an increased success rate.
WARNING: for this update you must delete and reconfigure your alerts.
Have a good trade and don't forget ... risk management remains the most important!
PS : A video tutorial is coming soon on my website!
Release Notes:
-Minor fix
Release Notes:
-After a user is pointed out to us that the signals do not remain in intra-bar (even if this does not seem to be the case during the beta-test) we decided to reinstate the unconfirmed and confirmed signals while keeping the new algorithm. While waiting to find a solution to the problem.
Cheers
Cheers
Release Notes:
-Added option to see "False Signals" with his Tooltip.
-Removed "RSI Signals" (labels) cause it was not accurate enough.
-Removed "RSI Signals" (labels) cause it was not accurate enough.
Release Notes:
-Minor fix.
Release Notes:
-Minor fix.
Release Notes:
Tradingview just made updates to Pinescript which made some variables obsolete, like transparency for example. We oblige (us developer) so it has been fixed via this update (but it's for our good ;p). But not only that, this update also brings its lots of improvements!
-Faster Indicator loading.
-Creation of a section at the top of the parameters for everything related to customization (For the moment it is only possible to change the colors from dark to light according to your wallpaper but other options will be added later) .
-Added the possibility to also adjust the period of the POC candles.
-The color of the ATR "False Signals" has been changed to white (but will change depending on the type of color used for the wallpaper)
-Removal of all alerts to reunite them with the "Any Alert Function Call" option. To remove an alert, simply deactivate the associated option when placing the alert.
-Faster Indicator loading.
-Creation of a section at the top of the parameters for everything related to customization (For the moment it is only possible to change the colors from dark to light according to your wallpaper but other options will be added later) .
-Added the possibility to also adjust the period of the POC candles.
-The color of the ATR "False Signals" has been changed to white (but will change depending on the type of color used for the wallpaper)
-Removal of all alerts to reunite them with the "Any Alert Function Call" option. To remove an alert, simply deactivate the associated option when placing the alert.
Release Notes:
-The color of the ATR information will change depending on the type of background chosen.
Release Notes:
-Minor improvements.
Release Notes:
-Improvement in the new calculation of the ATR Pip Control. Sorry but you have to reset your alerts for this one. (But that's for community guys :))
Release Notes:
-Improved Ichimoku Calculation and added possible Alerts for Bullish and Bearish condirions if the Tenken-sen cross the Kijun-sen.
-Updated Tooltips to know where Alert(s) is available in an option.
-Improved a lil bit ATR calculation to find Highest and Lowest using a custom function instead using close.
-Bug fix on ATR Baseline.
-Bug fix on OBV-MACD Divergences and improved calculation
-Added OBV Smoothing option in settings.
-Updated Tooltips to know where Alert(s) is available in an option.
-Improved a lil bit ATR calculation to find Highest and Lowest using a custom function instead using close.
-Bug fix on ATR Baseline.
-Bug fix on OBV-MACD Divergences and improved calculation
-Added OBV Smoothing option in settings.
Release Notes:
-Minor improvement.
Release Notes:
-Minor improvement.
Release Notes:
-Updated Tooltips.
Release Notes:
Sometimes it is useless to keep some options when others do the same only better. This is why today we have removed:
-The classic support and resistance. (Ichimoku, Fibonacci and Trend Lines are already doing the job well)
-Reversal Engulfing Candle.
And the "Arrow forecasting" (when linear regression does better).
And for that, we integrated the OrderBlocks theory with its very complete Tooltip which goes with of course ;)
But here it is:
"OrderBlocks are areas where Banks take a Short or Long position. So they create a movement that they would like to hide from us, but luckily for us they cannot. Take the example of a Bank that opens a Short position for x reason. Price will fall and then make a Reversal (most often to the point where they opened their positions) and it is at this precise moment that they will again resume a Short position twice as large because for the moment, following this example it is not in their interest that the Price exceeds a certain Price since they are Seller. As a result they create a solid Resistance (the strongest it is). There are several ways to interpret this logic, we can try to follow the movement of Banks or on the contrary take advantage of the recovery of the course. By default the OrderBlocks are displayed to be visible on a Dark Background but you can modify this above in the "Customization" Category. Also note that to have the information concerning the OrderBlocks it is n ecessary to have the lvl2 as well as access to our Broker's notebook. So we can only make estimates from Supply and Demand.
Hope you enjoy knowing that we are always doing our best to improve and improve our metrics! And we thank you very much for your attention. So cheers!
-The classic support and resistance. (Ichimoku, Fibonacci and Trend Lines are already doing the job well)
-Reversal Engulfing Candle.
And the "Arrow forecasting" (when linear regression does better).
And for that, we integrated the OrderBlocks theory with its very complete Tooltip which goes with of course ;)
But here it is:
"OrderBlocks are areas where Banks take a Short or Long position. So they create a movement that they would like to hide from us, but luckily for us they cannot. Take the example of a Bank that opens a Short position for x reason. Price will fall and then make a Reversal (most often to the point where they opened their positions) and it is at this precise moment that they will again resume a Short position twice as large because for the moment, following this example it is not in their interest that the Price exceeds a certain Price since they are Seller. As a result they create a solid Resistance (the strongest it is). There are several ways to interpret this logic, we can try to follow the movement of Banks or on the contrary take advantage of the recovery of the course. By default the OrderBlocks are displayed to be visible on a Dark Background but you can modify this above in the "Customization" Category. Also note that to have the information concerning the OrderBlocks it is n ecessary to have the lvl2 as well as access to our Broker's notebook. So we can only make estimates from Supply and Demand.
Hope you enjoy knowing that we are always doing our best to improve and improve our metrics! And we thank you very much for your attention. So cheers!
Release Notes:
Minor improvement.
Release Notes:
-It seem that the new update is causing problem and is not working on some timeframe/markets. So we're going back to the last version the time to see what's going on. Thanks for your understanding 🙏. Also for all people asking me for testing the indicator, that would be possivle at juily 5.
Release Notes:
We have disabled a bunch of options by default (all advanced options) to let newbie better understand the indicator and not having too much things on the chart when he's begun.
Release Notes:
-Minor improvements.
-Updated some Tooltips.
-Updated some Tooltips.
Release Notes:
-Minor improvement.
Release Notes:
-Removed OrderBlock Candle because it was not efficient enough. However, we are in the process of releasing a FREE and FULL indicator on the OrderBlocks that you can use in addition to this indicator. So be prepared!
Release Notes:
-Minor improvements.
Release Notes:
-Minor improvements.
Release Notes:
-Minor improvements and code cleaning.
Release Notes:
-Minor improvement.
Release Notes:
-Added RSI Meter Offset option (with a tooltip).
Release Notes:
-Minor fix.
Release Notes:
-Minor improvement.
Release Notes:
-Updated to Pine V5.
-Removed Arrow Forecasting cause it was not useful enough (a lot of new features and improvements will come soon).
-Added a menu to choose what Alert you want to enable.
-Bug fix on Ichimoku Alerts.
-Removed Arrow Forecasting cause it was not useful enough (a lot of new features and improvements will come soon).
-Added a menu to choose what Alert you want to enable.
-Bug fix on Ichimoku Alerts.
Release Notes:
-Minor fix on Alerts.
Release Notes:
-Minor Improvements.
Release Notes:
-Code cleaning.
Release Notes:
-Code cleaning.
Release Notes:
-Integration of the new ATR algorithm (also added to our ATR Pip Control indicator).
Release Notes:
-Minor fix.
Release Notes:
-Many Improvements in the Engulfing/Reversal Candle algorithm.
Release Notes:
-Minor improvement
Release Notes:
-Minor fix.
Release Notes:
-Minor fix in ATR labels boolean
Release Notes:
-Minor improvements.
Release Notes:
-Added the same improvements that were added to my other indicator 'ATR Pip Control' (which is included in this one)
Release Notes:
-Minor fix
Release Notes:
-Minor fix
-Code cleaning
-Code cleaning
Release Notes:
-Minor fix
Release Notes:
-Following the request of a customer, 'Use Close Confirmation' option has been added to ATR
-Minor fix on Fibonacci Daily TF
-Minor fix on Fibonacci Daily TF
Release Notes:
-Minor fix
Release Notes:
-Minor fix
Telegram : t.me/+erb2pUEsHc43NmRk