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Indicators and strategies

GTR369 Day Range DividerThe indicator divides the chart into Israeli trading days, starting at one o’clock after midnight and ending a minute before the next midnight, marking each day’s open with a thin vertical line whose color and width you can choose. A label with the day’s name (in Hebrew) can appear on the very first bar of the session, while another label is placed midway through the previous day, beneath the candles at a fixed distance from the bottom so it doesn’t obscure price. You can adjust the label’s color, size, and letter spacing, customize the line style, and decide whether to show the early-session label. The indicator ignores Saturday and Sunday, works on any intraday timeframe, never repaints after plotting, and lets you quickly spot daily sequences and time-of-day patterns for market analysis.
Pine Script® indicator
by GabrielTheRich
Buy Sell Indicator PROIt uses Average True Range (ATR) to dynamically calculate a trailing stop level that follows price action and adapts to market volatility. The indicator: Plots a dynamic trailing stop line on the chart. Colors the trailing stop line: Green when in an uptrend (long position), Red when in a downtrend (short position), Blue when neutral. Plots Buy/Sell labels based on when the price crosses above or below the trailing stop line. Colors candles green or red depending on whether the price is above or below the trailing stop. It gives alerts for potential Buy and Sell opportunities automatically. 🧠 How It Works (Logic) ATR Calculation: It calculates the ATR (Average True Range) over a chosen period (default: 10 bars). ATR measures market volatility — bigger ATR = bigger stop distance. Trailing Stop Calculation: When the price moves up, the trailing stop also moves up. When the price moves down, the trailing stop moves down. If price crosses the trailing stop, the trend is considered reversed. Buy/Sell Signals: Buy when the price crosses above the trailing stop line. Sell when the price crosses below the trailing stop line. EMA Crossover (Optional Flexibility): By default, the EMA is set to 1 (basically just the close price). But if you change the EMA period input, it can use a smoothed moving average to trigger Buy/Sell, making signals cleaner. 📈 How To Use It Add the Indicator to your chart (make sure it's updated to the v5 version I posted earlier). Adjust the Settings: Key Value (Sensitivity): A higher Key Value = wider trailing stop = fewer but more reliable signals. A lower Key Value = tighter trailing stop = more frequent signals but possibly more noise. ATR Period: Higher period = slower reactions (good for higher timeframes). Lower period = faster reactions (good for scalping or low timeframes). EMA Period: 1 by default. Increasing it will smooth the entry signals. Interpret the Chart: Trailing Stop Line: If price is above the line and the line is green → market is bullish. If price is below the line and the line is red → market is bearish. Buy/Sell Labels: Entry signals are plotted with clear Buy and Sell tags. Candle Colors: Candles turn green when price > trailing stop. Candles turn red when price < trailing stop. Set Alerts: Create a TradingView alert on the Buy and Sell conditions. You will get automatic alerts when a new signal is detected.
Pine Script® indicator
by mkukulski2277c
4
ETH Aggregated Spot Volume ProfileThis script creates a volume profile indicator using aggregated ETH spot volume across major crypto exchanges. It visualizes where trading activity is concentrated in a given price range, highlights the Point of Control (POC), and defines the Value Area, helping traders identify key support and resistance zones. 1. Exchange Aggregation: Pulls ETH spot volume from 9 major exchanges: Binance, Coinbase, Kraken, Bitfinex, Bitstamp, KuCoin, Gate.io, OKX, Huobi. 2. Customizable Inputs: Number of Bars: Historical bars to analyze (default: 150). Row Size: Number of price bins (volume profile rows). Value Area Volume %: Percentage of total volume to include in the Value Area (default: 70%). Styling options for volume bars and the POC line. Ideal for traders who want to: See where the most ETH spot trading volume occurred in a given range. Identify high-interest price zones. Use volume-at-price analysis for smarter entries/exits.
Pine Script® indicator
by StoicFlow
Williams R Zone Scalper v1.0[BullByte]Originality & Usefulness Unlike standard Williams R cross-over scripts, this strategy layers five dynamic filters—moving-average trend, Supertrend, Choppiness Index, Bollinger Band Width, and volume validation —and presents a real-time dashboard with equity, PnL, filter status, and key indicator values. No other public Pine script combines these elements with toggleable filters and a custom dashboard. In backtests (BTC/USD (Binance), 5 min, 24 Mar 2025 → 28 Apr 2025), adding these filters turned a –2.09 % standalone Williams R into a +5.05 % net winner while cutting maximum drawdown in half. --- What This Script Does - Monitors Williams R (length 14) for overbought/oversold reversals. - Applies up to five dynamic filters to confirm trend strength and volatility direction: - Moving average (SMA/EMA/WMA/HMA) - Supertrend line - Choppiness Index (CI) - Bollinger Band Width (BBW) - Volume vs. its 50-period MA - Plots blue arrows for Long entries (R crosses above –80 + all filters green) and red arrows for Short entries (R crosses below –20 + all filters green). - Optionally sets dynamic ATR-based stop-loss (1.5×ATR) and take-profit (2×ATR). - Shows a dashboard box with current position, equity, PnL, filter status, and real-time Williams R / MA/volume values. --- Backtest Summary (BTC/USD(Binance), 5 min, 24 Mar 2025 → 28 Apr 2025) • Total P&L : +50.70 USD (+5.05 %) • Max Drawdown : 31.93 USD (3.11 %) • Total Trades : 198 • Win Rate : 55.05 % (109/89) • Profit Factor : 1.288 • Commission : 0.01 % per trade • Slippage : 0 ticks Even in choppy March–April, this multi-filter approach nets +5 % with a robust risk profile, compared to –2.09 % and higher drawdown for Williams R alone. --- Williams R Alone vs. Multi-Filter Version • Total P&L : – Williams R alone → –20.83 USD (–2.09 %) – Multi-Filter → +50.70 USD (+5.05 %) • Max Drawdown : – Williams R alone → 62.13 USD (6.00 %) – Multi-Filter → 31.93 USD (3.11 %) • Total Trades : 543 vs. 198 • Win Rate : 60.22 % vs. 55.05 % • Profit Factor : 0.943 vs. 1.288 --- Inputs & What They Control - wrLen (14): Williams R look-back - maType (EMA): Trend filter type (SMA, EMA, WMA, HMA) - maLen (20): Moving-average period - useChop (true): Toggle Choppiness Index filter - ciLen (12): CI look-back length - chopThr (38.2): CI threshold (below = trending) - useVol (true): Toggle volume-above-average filter - volMaLen (50): Volume MA period - useBBW (false): Toggle Bollinger Band Width filter - bbwMaLen (50): BBW MA period - useST (false): Toggle Supertrend filter - stAtrLen (10): Supertrend ATR length - stFactor (3.0): Supertrend multiplier - useSL (false): Toggle ATR-based SL/TP - atrLen (14): ATR period for SL/TP - slMult (1.5): SL = slMult × ATR - tpMult (2.0): TP = tpMult × ATR --- How to Read the Chart - Blue arrow (Long): Williams R crosses above –80 + all enabled filters green - Red arrow (Short) : Williams R crosses below –20 + all filters green - Dashboard box: - Top : position and equity - Next : cumulative PnL in USD & % - Middle : green/white dots for each filter (green=passing, white=disabled) - Bottom : Williams R, MA, and volume current values --- Usage Tips - Add the script : Indicators → My Scripts → Williams R Zone Scalper v1.0 → Add to BTC/USD chart on 5 min. - Defaults : Optimized for BTC/USD. - Forex majors : Raise `chopThr` to ~42. - Stocks/high-beta : Enable `useBBW`. - Enable SL/TP : Toggle `useSL`; stop-loss = 1.5×ATR, take-profit = 2×ATR apply automatically. --- Common Questions - * Why not trade every Williams R reversal?* Raw Williams R whipsaws in sideways markets. Choppiness and volume filters reduce false entries. - *Can I use on 1 min or 15 min?* Yes—adjust ATR length or thresholds accordingly. Defaults target 5 min scalping. - *What if all filters are on?* Fewer arrows, higher-quality signals. Expect ~10 % boost in average win size. --- Disclaimer & License Trading carries risk of loss. Use this script “as is” under the Mozilla Public License 2.0 (mozilla.org). Always backtest, paper-trade, and adjust risk settings to your own profile. --- Credits & References - Pine Script v6, using TradingView’s built-in `ta.supertrend()`. - TradingView House Rules: www.tradingview.com Goodluck! BullByte
Pine Script® strategy
by BullByte
BTC/ETH/SOL Spot Aggregated Volume + EMAThe purpose of this indicator is to provide a more comprehensive view of BTC/ETH/SOL spot market activity by combining volume data from several sources. 1. Fetches and aggregates spot volume data for your chosen asset from the following exchanges: Binance, Coinbase, Kraken, Bitfinex, Bitstamp, KuCoin, Gate.io, OKX, Huobi 2. Calculates the EMA on the aggregated volume to smooth out the data and identify volume trends. SETTINGS You can choose in your settings which Asset's aggreagated volume you want to see (BTC/ETH/SOL) You can choose the period based on which the EMA is calculated. This indicator is particularly useful for traders who want a broader view of real BTC/ETH/SOL spot market activity, rather than relying on a single exchange's data, which might be misleading or incomplete. By averaging across major exchanges, the indicator helps reduce noise and gives a more accurate picture of volume trends.
Pine Script® indicator
by StoicFlow
Weekly Open Range [BigBeluga] A precision weekly range tracker that captures early market positioning from the first moments of the trading week. By dynamically measuring the highest and lowest points from the first three candles after the Sunday 21:00 UTC open, the indicator builds a reactive support and resistance framework for the week ahead. It also visualizes the active range with a dynamic box and provides live updates of the current price movement against the established range boundaries. 🔵 KEY FEATURES Automatically marks the weekly open range starting at Sunday 21:00 UTC . Identify maximum high and minimum low from the first 3 candles after the weekly open. if isWeeklyOpen or isWeeklyOpen or isWeeklyOpen or isWeeklyOpen h = math.max(high, range_box.get_top()) l = math.min(low, range_box.get_bottom()) Draws two horizontal lines from the range extremes, acting as dynamic support/resistance zones throughout the week. Visualizes the range with a semi-transparent box for clear zone identification. Includes a compact dashboard panel with: - Symbol and current price with bullish or bearish bar indication with ▲ / ▼ - Current weekly high/low range values 🔵 USAGE Treat the high and low of the range as support/resistance zones for the week. Combine with volume analysis or liquidity tools for entry confirmation . Refresh your key levels every week as the indicator resets each Sunday night . Works great alongside Smart Money Concepts (ICT) strategies and weekly planning. Weekly Open Range gives traders a reliable structure to anchor their week. With clear range mapping, breakout signals, and intuitive visuals, it becomes a valuable part of any strategic trading approach—especially when precision timing around liquidity zones is key.
Pine Script® indicator
by BigBeluga
5
Deviation Symmetry Breaker ~ C H I P ADeviation Symmetry Breaker ~ C H I P A is a custom trend breakout tool designed to detect directional shifts through raw deviation asymmetry around a median price baseline. It uses: A user-selectable price source (Close, High, Low, etc.) Dual median smoothing to stabilize trend foundation without introducing moving average lag Raw positive and negative deviation tracking for pure momentum extraction Dynamic upper and lower breakout bands scaled by standard deviation Independent band multipliers to fine-tune breakout sensitivity This setup highlights powerful breakouts when price meaningfully separates from its balanced median behavior — helping traders capture early trend movements, volatility expansions, and structural shifts with minimal smoothing and no hidden moving averages. Candle coloring responds directly to breakout status, using vibrant electric blue and red for immediate visual clarity on the chart.
Pine Script® indicator
by C_H_I_P_A
3
Smart Breakout with ATR Stop-LossThe Smart Breakout indicator combines a classic 20-day Donchian channel breakout with a tight trailing stop, drawing green lines and “ENTRY” labels at the bar after a valid breakout, and red lines and “EXIT” label at the bar after a stop-loss breach. By default it uses the chart’s timeframe to compute ATR and stops, but you can flip on Daily lock to freeze both ATR and price reads at the daily resolution—so your stops stay the same whether you view at 1s, 15 m, 4h or lower frequency bars. Key features: 20-day Donchian breakout: entry when price closes above the highest high of the previous 20 bars 2 × ATR(14) trailing stop: initialized at entry and raised only when the new (close – 2 × ATR) exceeds the prior stop Daily lock option: Ensures all ATR and close values are calculated on the daily timeframe, keeping stop levels consistent across resolutions
Pine Script® indicator
by stevesmartmobile
DDDDD: SET50 (40 Stocks) - % New 52W LowsDDDDD: SET50 - % New 52W Lows (40 Stocks) This indicator measures the percentage of selected SET50 stocks making a new 52-week low, helping identify periods of extreme market fear that often align with long-term buying opportunities. How It Works: Tracks the daily closing prices of 40 major SET50 constituents. A stock is counted when it closes at its lowest price over the past 252 trading days (approximately 1 year). Calculates the percentage of new 52-week lows relative to 40 stocks. Displays threshold lines to highlight levels of market panic. 📈 Threshold Levels: Threshold Line Color Level (%) Interpretation Action 30% Threshold Orange 30% Early signs of stress Start monitoring opportunities 33% Threshold Yellow 33% Confirmed panic Consider gradual accumulation 50% Panic Zone Red 50% Extreme market panic Aggressive accumulation zone 📌 Important Notes: Why not use the full 50 stocks? Due to TradingView Pine Script's current technical limits, a script cannot request data for more than 40 symbols efficiently. Therefore, this indicator uses 40 representative SET50 stocks to ensure optimal performance without exceeding system limits. The selected stocks are diversified across major sectors to maintain reliability. 🔥 Key Insights: Historically, spikes above 30%-50% of stocks making new lows have coincided with major market bottoms (e.g., 2011, 2020). Higher simultaneous new lows = stronger potential for long-term recovery.
Pine Script® indicator
by hello9dean
PowerHouse SwiftEdge AI v2.10 with Custom Filters & AI AnalysisPowerHouse SwiftEdge AI v2.10 with Custom Filters & AI Analysis Overview PowerHouse SwiftEdge AI v2.10 is an advanced TradingView Pine Script indicator designed to identify high-probability trading setups by combining pivot-based structure analysis, multi-timeframe trend detection, and adaptive AI-driven signal filtering. The script integrates Change of Character (CHoCH) and Break of Structure (BOS) signals with customizable momentum, volume, breakout, and trend filters to enhance trade precision. Additionally, it offers an optional AI Market Analysis module that predicts future price trends across multiple timeframes, providing traders with a comprehensive market outlook. The script is highly customizable, allowing users to tailor inputs to their trading style, whether for scalping, swing trading, or long-term strategies. It is suitable for all asset classes, including stocks, forex, crypto, and commodities, and performs optimally on timeframes ranging from 1-minute to daily charts. Key Features Pivot-Based Signal Generation: Identifies pivot highs and lows to detect CHoCH (reversal patterns) and BOS (continuation patterns). Signals are plotted as "Buy" or "Sell" labels with optional "Get Ready" pre-signals to prepare traders for potential setups. Take-profit (TP) levels are automatically calculated based on user-defined points, with optional TP box visualization. Multi-Timeframe Trend Analysis: Analyzes trends across seven timeframes (1M, 5M, 15M, 30M, 1H, 4H, D) using EMA and VWAP to determine bullish, bearish, or neutral conditions. Displays a futuristic AI-Trend Matrix dashboard showing trend direction, strength, and confidence levels for quick decision-making. Customizable Signal Filters: Momentum Filter: Ensures signals align with significant price changes, adjusted dynamically using ATR-based volatility. Higher Timeframe Trend Filter: Requires signals to align with the trend of a user-selected higher timeframe (e.g., 1H). Lower Timeframe Trend Filter: Prevents signals that conflict with the trend of a user-selected lower timeframe (e.g., 5M). Volume Filter: Optionally requires above-average volume to confirm signals. Breakout Filter: Optionally requires price to break previous highs/lows for signal validation. Repeated Signal Restriction: Prevents consecutive signals in the same trend direction until the trend changes on a user-defined timeframe. AI-Driven Adaptivity: Incorporates Cumulative Volume Delta (CVD) to assess buying/selling pressure and classify market volatility (Low, Medium, High). Uses ATR to dynamically adjust momentum thresholds, ensuring signals adapt to current market conditions. Optional AI Market Analysis module predicts trends across multiple timeframes by combining trend, momentum, and volatility scores. Visual Elements: Plots CHoCH and BOS levels as horizontal lines with distinct colors (aqua for CHoCH sell, lime for CHoCH buy, fuchsia for BOS sell, teal for BOS buy). Draws dynamic support and resistance trendlines based on short and long-term price action, colored by trend strength. Displays TP levels and pivot highs/lows for easy reference. How It Works The script combines several technical analysis concepts to create a robust trading system: Market Structure Analysis: Pivot highs and lows are identified using a user-defined lookback period (Pivot Length). CHoCH occurs when price crosses below a pivot high (bearish reversal) or above a pivot low (bullish reversal). BOS occurs when price breaks a previous pivot low (bearish continuation) or pivot high (bullish continuation). Trend and Momentum Integration: Trends are determined by comparing price to EMA and VWAP on multiple timeframes. Momentum is calculated as the percentage price change, with thresholds adjusted by ATR to account for volatility. "Get Ready" signals appear when momentum approaches the threshold, preparing traders for potential CHoCH or BOS signals. Signal Filtering: Filters ensure signals align with user-defined criteria (e.g., trend direction, volume, breakouts). The Restrict Repeated Signals option prevents over-signaling by requiring a trend change on a specified timeframe before generating a new signal in the same direction. AI Market Analysis: The optional AI module calculates a score for each timeframe based on trend direction, momentum, and volatility (ATR compared to its SMA). Scores are translated into predictions (▲ for bullish, ▼ for bearish, — for neutral), displayed in a dedicated table. CVD and Volatility Context: CVD tracks buying vs. selling pressure by accumulating volume based on price direction. Volatility is classified using CVD magnitude, influencing the script’s visual cues and signal sensitivity. Why This Combination? The integration of pivot-based structure analysis, multi-timeframe trend filtering, and AI-driven adaptivity addresses common trading challenges: Precision: CHoCH and BOS signals focus on key market turning points, reducing noise from minor price fluctuations. Context: Multi-timeframe analysis ensures trades align with broader market trends, improving win rates. Adaptivity: ATR and CVD adjustments make the script responsive to changing market conditions, avoiding static thresholds that fail in volatile or quiet markets. Customization: Extensive input options allow traders to adapt the script to their preferred markets, timeframes, and risk profiles. Predictive Insight: The AI Market Analysis module provides forward-looking trend predictions, helping traders anticipate market moves. This combination creates a self-contained system that balances responsiveness with reliability, making it suitable for both novice and experienced traders. How to Use Add to Chart: Apply the indicator to your TradingView chart for any asset and timeframe. Recommended timeframes: 5M to 1H for scalping/day trading, 4H to D for swing trading. Configure Inputs: Pivot Length: Adjust (default 5) to control sensitivity to pivot highs/lows. Lower values for faster signals, higher for stronger confirmations. Momentum Threshold: Set the minimum price change (default 0.01%) for signals. Increase for stricter conditions. Take Profit Points: Define TP distance (default 10 points). Adjust based on asset volatility. Signal Filters: Enable/disable filters (momentum, trend, volume, breakout) to match your strategy. Higher/Lower Timeframe: Select timeframes for trend alignment (e.g., 1H for higher, 5M for lower). AI Market Analysis: Enable for predictive trend insights across timeframes. Get Ready Signals: Enable to see pre-signals for potential setups. Interpret Signals: Buy/Sell Labels: Act on green "Buy" or red "Sell" labels, confirming with TP levels and trend direction. Get Ready Labels: Yellow "Get Ready BUY" or orange "Get Ready SELL" indicate potential setups; prepare but wait for confirmation. CHoCH/BOS Lines: Use aqua/lime (CHoCH) and fuchsia/teal (BOS) lines as key support/resistance levels. AI-Trend Matrix: Check the top-right dashboard for trend strength (%), confidence (%), and timeframe-specific trends. AI Market Analysis Table: If enabled, view predictions (▲/▼/—) for each timeframe to anticipate market direction. Trading Tips: Combine signals with other indicators (e.g., RSI, MACD) for additional confirmation. Use higher timeframe trend alignment for higher-probability trades. Adjust TP and signal distance based on asset volatility and trading style. Monitor the AI-Trend Matrix for trend strength; values above 50% or below -50% indicate strong directional bias. Originality PowerHouse SwiftEdge AI v2.10 stands out due to its unique blend of: Adaptive Signal Generation: ATR-based momentum thresholds and CVD-driven volatility context ensure signals remain relevant across market conditions. Multi-Timeframe Synergy: The script’s ability to filter signals based on both higher and lower timeframe trends provides a rare balance of precision and context. AI-Powered Insights: The AI Market Analysis module offers predictive capabilities not commonly found in traditional indicators, simulating institutional-grade analysis. Visual Clarity: The futuristic dashboard and color-coded trendlines make complex data accessible, enhancing usability for all trader levels. Unlike standalone pivot or trend indicators, this script integrates multiple layers of analysis into a cohesive system, reducing false signals and providing actionable insights without requiring external tools or research. Limitations False Signals: No indicator is foolproof; signals may fail in choppy or low-volume markets. Use filters to mitigate. Timeframe Sensitivity: Performance varies by timeframe and asset. Test settings thoroughly. AI Predictions: The AI Market Analysis is based on historical data and simplified scoring; it’s not a guaranteed forecast. Resource Usage: Enabling all filters and AI analysis may slow performance on lower-end devices.
Pine Script® indicator
by SwiftEdge
4
[blackcat] L2 EMA NexusOVERVIEW The L2 EMA Nexus is a comprehensive trading indicator that utilizes a three-tiered Exponential Moving Average (EMA) system to identify potential trading opportunities. This script combines technical analysis with robust risk management features to help traders make informed decisions. KEY FEATURES • Triple EMA Analysis: Customizable source inputs for each EMA Adjustable length parameters (3, 8, 21 periods) Dynamic color coding based on trend direction Real-time price action monitoring • Advanced Entry Signals: High-low price action verification EMA cross-overs and cross-unders Multi-timeframe trend confirmation Dynamic position sizing limits • Risk Management: Configurable Take Profit levels Flexible Stop Loss settings Optional TP/SL activation Clear visual indicators for levels HOW TO USE Setup Initial Parameters: Configure EMA lengths for your timeframe Set Take Profit percentage (default 25%) Define Stop Loss percentage (default 2.5%) Adjust pyramiding limit as needed Enable/Disable Features: Toggle TP/SL settings based on strategy Customize alert conditions Modify visual labels for clarity Monitor Trading Signals: Watch for buy/sell labels Track TP/SL levels Monitor position status TRADE MANAGEMENT • Entry Conditions: Long Entry: Higher high with rising EMA1 and stable EMA3 Short Entry: Lower low with falling EMA1 and stable EMA2 • Exit Conditions: Take Profit: Price reaches defined percentage above/below entry Stop Loss: Price reaches defined percentage below/above entry • Position Control: Limited to specified number of positions Automatic position tracking Clear visual indication of current trades TECHNICAL DETAILS • EMA Calculation: Uses Exponential Moving Average for trend following Color-coded based on 2-bar trend direction Multiple timeframe compatibility • Label System: Clear buy/sell markers Take Profit and Stop Loss indicators Real-time position status updates • Alert Configuration: Customizable alert messages Multiple alert conditions Option to enable/disable specific alerts LIMITATIONS ⚠️ Important Considerations: Results may vary across different market conditions Historical performance does not guarantee future results Always backtest strategy before live trading Consider complementing with additional analysis tools BEST PRACTICES • Recommended Timeframes: Daily charts for long-term strategies 4-hour charts for swing trading 1-hour charts for short-term trading • Risk Management Tips: Start with small position sizes Always use TP/SL in live trading Monitor market volatility before entering trades TROUBLESHOOTING • Common Issues: Ensure proper chart resolution Verify alert conditions are enabled Check for conflicting indicators • Performance Optimization: Use appropriate timeframe for your strategy Adjust indicator parameters based on market conditions Monitor for potential overfitting
Pine Script® indicator
by blackcat1402
6
[blackcat] L3 Hull SeekerOVERVIEW The L3 Hull Seeker is a comprehensive trading indicator that combines Hull Moving Average (HMA) analysis with robust position management and risk control features. This script is designed to help traders identify potential entry and exit points while maintaining strict risk management protocols. KEY FEATURES • Hull MA Analysis: Advanced Hull Moving Average calculations Separate Hull MA lines for Close and Open prices Visual color coding for trend direction Customizable length parameter for flexibility • Position Tracking: Real-time monitoring of long and short positions Maximum position limit control Clear position status indicators on chart • Risk Management System: User-defined Take Profit percentage User-defined Stop Loss percentage Optional activation of TP/SL features Dynamic label markers for important levels • Alert System: Buy/Sell entry alerts Take Profit/Stop Loss exit alerts Position status changes HOW TO USE Setup Initial Parameters: Hull MA Length: Adjust based on your trading timeframe Take Profit Percentage: Set according to your risk tolerance Stop Loss Percentage: Define your maximum acceptable loss Enable/Disable Features: Toggle Take Profit/Stop Loss options as needed Adjust alert conditions for your trading style Monitor Trading Signals: Watch for crossover/crossunder signals Track position status through labels Monitor entry and exit alerts Manage Risk: Use TP/SL features to control position size Monitor pyramiding limits Review position status regularly TRADE MANAGEMENT • Entry Conditions: Long Entry: HullMA_close crosses above HullMA_open Short Entry: HullMA_close crosses below HullMA_open • Exit Conditions: Take Profit: Price reaches defined percentage above/below entry Stop Loss: Price reaches defined percentage below/above entry • Position Control: Limited to one position at a time Automatic position tracking Clear visual indication of current trades TECHNICAL DETAILS • Hull MA Calculation: Uses WMA (Weighted Moving Average) for precise calculations Optimized for trend-following strategies Smoothed Hull MA lines for better readability • Label System: Clear buy/sell markers Take Profit and Stop Loss indicators Real-time position status updates • Alert Configuration: Customizable alert messages Multiple alert conditions Option to enable/disable specific alerts LIMITATIONS ⚠️ Important Considerations: Results may vary across different market conditions Historical performance does not guarantee future results Always backtest strategy before live trading Consider complementing with additional analysis tools BEST PRACTICES • Recommended Timeframes: Daily charts for long-term strategies 4-hour charts for swing trading 1-hour charts for short-term trading • Risk Management Tips: Start with small position sizes Always use TP/SL in live trading Monitor market volatility before entering trades TROUBLESHOOTING • Common Issues: Ensure proper chart resolution Verify alert conditions are enabled Check for conflicting indicators • Performance Optimization: Use appropriate timeframe for your strategy Adjust indicator parameters based on market conditions Monitor for potential overfitting
Pine Script® indicator
by blackcat1402