Indicators and strategies
RSI indicatorIdentify abnormal fluctuations in trading volume and K-line amplitude in the market, in order to indicate potential buy or sell signals on the chart.Record reference low or high points through variables refLow and refHigh, used to filter out duplicate signals.Triple criteria of average trading volume judgment, amplitude confirmation, and sudden changes in trading volume, and avoiding duplicate signals through top/bottom filtering. Finally, a "abnormal movement" prompt is given on the chart, which can be used to assist in identifying the entry of main players or abnormal fluctuations
Enhanced RSI with Historical SignalsIdentify abnormal fluctuations in trading volume and K-line amplitude in the market, in order to indicate potential buy or sell signals on the chart.Record reference low or high points through variables refLow and refHigh, used to filter out duplicate signals.Triple criteria of average trading volume judgment, amplitude confirmation, and sudden changes in trading volume, and avoiding duplicate signals through top/bottom filtering. Finally, a "abnormal movement" prompt is given on the chart, which can be used to assist in identifying the entry of main players or abnormal fluctuations
Fractal Reversal TrackerThis script is a multi-timeframe breakout validator designed to detect and confirm true or false breakouts around key price extremes. At its core, it overlays higher timeframe (HTF) candles on the chart and synchronizes them with lower timeframe (LTF) price action for precision analysis. When a potential fake breakout occurs—specifically a fake upward breakout—the script drills down into LTF candles to locate the candle that caused the high (LTF_HIGH), then traces backward to identify the first bullish candle (FIRST_YANG) and the subsequent bearish candle (FIRST_YIN). It only confirms a valid fake breakout if a later LTF close drops below the close of that FIRST_YIN. Once validated, a confirmation line is drawn from that bearish close up to the point of breakdown. The script intelligently maintains only the most recent HTF structures and confirmation lines to avoid clutter, ensuring clarity and performance. With configurable HTF-LTF pairings and dynamic logic, it serves as a powerful tool for traders seeking to pinpoint reversals and extremes with structural confirmation.
4 Candle Signal with SL/TP by STTCreated by Surya from Surya Trading Tips, this script detects 4 consecutive bullish or bearish candles and plots a Buy/Sell signal at the close of the 4th candle. It features color-coded SL and TP levels with a 1:3 risk-reward ratio, along with dotted horizontal and vertical lines for clear visual guidance. Designed for clean, compact intraday trading.
AQPRO Pattern Map
📝 INTRODUCTION
AQPRO Pattern Map is a comprehensive trading tool designed to automate the detection of 27 most popular candlestick patterns across any financial asset, making it a powerful tool for traders who use strategies, which are based on candlestick patterns.
This indicator not only identifies candlestick patterns but also incorporates multi-timeframe (MTF) analysis , risk management tools like Take-Profit (TP) and Stop-Loss (SL) , and labeled visual cues for effortless chart reading. Below is the complete list of patterns it supports:
📜 Patterns scanned by the indicator:
One-candle patterns:
Hammer;
Shooting Star;
Marubozu (Bullish/Bearish);
Doji.
Two-candle patterns:
Belt Hold (Bullish/Bearish);
Engulfing (Bullish/Bearish);
Harami (Bullish/Bearish);
Harami Cross (Bullish/Bearish);
Kicker (Bullish/Bearish);
Window (Rising/Falling Gap);
Piercing Line / Dark Cloud Cover.
Three-candle patterns:
Outside Up / Down Bar;
Inside Up / Down Bar;
Morning Star / Evening Star;
Three White Soldiers / Three Black Crows;
Advance Block / Descent Block;
Tasuki Gap (Upside/Downside);
Side-by-Side White Lines.
Multi-candle patterns:
Rising One / Falling One;
Rising Two / Falling Two;
Rising Three / Falling Three;
Rising Four / Falling Four;
Rising Five / Falling Five;
Breakaway Two / Three / Four / Five (Bullish/Bearish);
Fakey (Bullish/Bearish).
With this tool, traders can visually and systematically track key candlestick setups across multiple timeframes simultaneously, making it an all-in-one solution for identifying actionable patterns.
🎯 PURPOSE OF USAGE
The primary goal of the "AQPRO Pattern Map" is to equip traders with a highly efficient way of identifying significant candlestick patterns across different timeframes, making the decision-making process stronger in a sense of both quality and quantity of presented information.
Specifically, this indicator addresses the following needs:
Automation of pattern detection.
Nobody likes searching for patterns on the chart "by hand", because it takes too much time and mental energy. With this screener you can forget about this problem: automatic scanning for 27 of the most commonly used patterns will save your tens, if not hundreds of hours of time, so you can focus on what really matters;
Multi-timeframe (MTF) analysis.
This one is one of the most unique features of this indicator, because after conducting product research in library of open-source scripts alike this screener, almost none of reviewed indicators had MTF analysis feature embedded in them. This feature is important for the simplest of reasons: you see candlestick data from other timeframes without jumping from one timeframe to another . Needless to say how much time it will save for traders over the years of trading. See description below to learn more on exact functionality of our MTF analysis;
Risk management automation.
Humans tend to overestimate risk, when matters are about earning money from "financially-dangerous" activities and trading is no exception. To help traders better understand what they risk, we implemented a simple, yet effective way of displaying levels of risk for each pattern. For each new pattern on the chart you will be able see automatic creation of Take-Profit (TP) and Stop-Loss (SL) levels. It involves creation and displaying of lines and labels, representing each level at its exact coordinates. This elevates visual perception of risk for fellow traders and avoid excessive risk in many cases;
Simplicity in data visualization.
Charts, which are cluttered with pointless visual noise, presented as 'additional confirmation analysis', don't foster insights and are not worth a dime . We understand this issue very well and we designed our indicator with the solution to this problem in mind. Every bit of information, that you will see on your chart, will make sense both technically and visually — no more wasting time cleaning mess on your charts.
By addressing the needs, described above, this indicator will be a useful tool for any trader, who employs principles of candlestick pattern analysis, because most important pains of this kind of analysis are efficiently handled by our indicator.
⚙️ SETTINGS OVERVIEW
Customization options of our indicator are quite extensive, because flexibility in such indicator is in the top of most important qualities. Let's review each group of settings deeper:
📊 Patterns: One-Candle
This group allows you to enable or disable specific onep -candle candlestick patterns.
Toggle on/off switch for Hammer, Shooting Star, Marubozu, and Doji .
📊 Patterns: Two-Candle
This group allows you to enable or disable specific two -candle candlestick patterns.
Toggle on/off switch for Belt Hold, Engulfing, Harami & Harami Cross, Kicker, Window, Piercing Line & Dark Cloud Cover .
📊 Patterns: Three-Candle
This group allows you to enable or disable specific three -candle candlestick patterns.
Toggle on/off switch for Morning Star & Evening Star, Three White Soldiers, Three Black Crows, Advance Block & Descent Block, Tasuki Gap, Side-by-Side Gap (Bullish), Squeeze .
📊 Patterns: Multi-Candle
This group allows you to enable or disable specific multi -candle (3 or more candle) candlestick patterns.
Toggle on/off switch for Rising/Falling sequences, Breakaway patterns, and Fakey .
📊 MTF Settings
These settings allow you to use the Multi-Timeframe Screener to display patterns from additional timeframes.
"Use MTF Screener" — toggles the addition of MTF Screener to main dashboard ( described in 'Visual Settings' ). If enabled, adds section of MTF Screener below main dashboard
* List of four timeframes — your personal list to choose your timeframe, which will be used to get data about latest patterns. Default list of timeframes includes timeframes like 15min, 30min 1hr, 4hr .
* The detected patterns from these timeframes will be displayed in the MTF Dashboard on the chart.
🛡️ Risk Settings
As was described above, risk settings in our indicator will control appearance of TP and SL labels and lines, which appear for each new trade. Here you can customize the most essential parameters.
"Show TP/SL" — toggles the visibility of Take-Profit (TP) and Stop-Loss (SL) values for the most recent pattern.
"Risk-to-Reward Ratio (R:R)" — defines your desired risk/reward ratio for the TP and SL calculations. The more this parameter is, the further the TP from entry level will be.
🎨 Visual Settings
In this group of settings you can fine-tune the visual appearance of the indicator to fit your preferences.
IMPORTANT: colour parameters from this group of settings affect ONLY colours in the dashboard.
"Use info dashboard" — if enabled, shows dashboard in the top right corner of the chart, which displays latest pattern's TP and SL alongside with this pattern's trade status: '⏳' - TP or SL have not been reached yet, '✋' - TP or SL have already been reached already, refrain from taking the trade.
"Bullish Pattern" — defines the color for bullish patterns.
"Bearish Pattern" — defines the color for bearish patterns.
"Neutral Pattern" — specify the color for neutral patterns like Doji.
"Frame Width" — adjusts the thickness of frames highlighting detected patterns on the chart.
📈 APPLICATION GUIDE
The way of application of this indicator is pretty straightforward, because trading methodologies based on candlestick patterns were developed decades ago and haven't changed much since then. However, we find it necessary to explain the most essential ways of application in this section.
Let's start with the basics — how you will your chart look when you load the indicator for the first time:
By default we have 5 main visual data "blocks":
Bullish patterns;
Bearish patterns;
Risk visualization;
Main Dashboard;
MTF Screener.
Let's review each of these groups one by one.
BULLISH & BEARISH PATTERNS
Patterns are displayed as up/down labels, which are styled in corresponding to trend colours. Each patterns has its own unique emoji to help traders easily navigate between patterns.
Also by default each pattern has its custom frame, inside of which resides candle (or multiple candles) of the pattern iself. These frames are made with purpose to show each pattern in a very clear way on the chart, because huge number of public scripts usually only show simple label of such patterns and don't highlight the pattern itself on the chart. To remove frames you can set "Frame Width" parameter to 0 in 'Visual Settings' group in the settings.
You can see the examples of frame on the screenshot below:
RISK VISUALIZATION (TP & SL)
Displaying Take-Profits and Stop-Losses in our indicator on the chart works quite simple: for each new trade indicator creates new pairs of lines and labels for TP and SL, while lines & labels from previous trade are erased for aesthetics purposes. Each label shows price coordinates, so that each trader would be able to grap the numbers in seconds.
See the visual showcase of TP & SL visualization on the screenshot below:
Also, whenever TP or SL of the current trade is reached, drawing of both TP and SL stops . When the TP is reached, additional '✅' emoji on the TP price is shown as confirmation of Take-Profit.
However, while TP or SL has not been reached, TP&SL labels and lines will be prolonged until one of them will be reached or new signals will come.
See the visual showcase of TP & SL stopping being visualized & TP on the screenshot below:
MAIN DASHBOARD
Main dashboard is displayed in the top right corner of the chart and it shows the data of latest pattern, that occurred on the current asset and current timeframe: pattern's name, TP, SL and trade status. Depending on bullishness or bearishness of the pattern, dashboard is colour in respective colour.
Also on the right of side TP and SL data block there is a so called trade status. It is basically an indication of wether or not latest pattern's trade is still active or not:
If TP or SL of the pattern have not been reached yet, trade is considered active and is marked with '⏳' emoji;
If TP or SL of the pattern have already been reached, trade is considered inactive and is marked with '✋' emoji.
See the visual showcase of dashboard on the screenshot below:
MTF Screener
MTF Screener is displayed right below the main dashboard and its has distinctive 'MTF Patterns' header row on the top, painted in gray colour to make sure that every traders understand he is looking at.
This screener shows the timeframe and name of patterns from four other timeframes, which trader can customize in the settings to his liking. This will help trader get more insights on global sentiment of other timeframes, which improves trading results overall if applied correctly.
In the future MTF Screener will be expanded to have more data in it, like TP and SL, age of pattern and etc.
See the visual showcase of the MTF Screener on the screenshot below:
Features, explained above, make this indicator quite versatile and suitable for incorporation in any trading strategy, which uses candlestick patterns. They are simple, yet insightful, and traders, which use similar strategies everyday, will truly appreciate the benefits of this indicator when they will set up this indicator for the first time on their chart.
🔔 ALERTS
This indicator employs alerts for an event when new pattern occurs. While creating the alert below 'Condition' field choose 'any alert() function call' .
When this alert is triggered, it will generate this kind of message:
string msg_template = "EXCHANGE:ASSET, TIMEFRAME: BULLISH_OR_BEARISH pattern PATTERN_NAME was found."
string msg_example = "BINANCE:BTCUSDT, 15m: bullish pattern 'Hammer' was found."
📌 NOTES
This indicator is most effective when used in combination with other technical analysis tools such as trendlines, moving averages, support/resistance levels or any other indicator-type tool. We strongly recommend using this indicator as confirmation indicator for your main trading strategy, not as primary source of signals;
If you want to trade directly by these patterns, make sure to use proper risk management techniques of your own and use TP&SL visualization on the chart to always have a clue about your current position;
If you lost track of visual components on the chart, look at the main dashboard to see text summary of data from latest pattern. Also don't forget to look at MTF Screener to have more context about MTF sentiment, because it is increases your understandings of MTF price trend and improves your decision-making process.
🏁 AFTERWORD
AQPRO Pattern Map was built to help traders automate candlestick pattern searching routine, improve chart readability and enhance perception of current potential risks, which may come from trading from a specific pattern. Indicator's main dashboard and MTF screener eliminate the need for constantly checking other timeframe for global sentiment, helping traders save even more time and fostering improved decision making.
This indicator will work in great conjunction with any other trading strategy as confirmation tool for entry decision. Using this indicator as primary source of signals is not recommended due to unstable nature of trading patterns.
ℹ️ If you have questions about this or any other our indicator, please leave it in the comments.
NeuroFlow Pro IndicatorThe **NeuroFlow Pro Indicator** is a comprehensive technical analysis tool designed for traders on the TradingView platform. It provides actionable buy and sell signals by combining multiple technical indicators, including Moving Averages, MACD, RSI, Stochastic RSI, SuperTrend, Ichimoku Cloud, Bollinger Bands, and Volume analysis. The indicator generates a **Composite Score** (0–100) that reflects market conditions, with low scores indicating bullish opportunities and high scores suggesting bearish conditions. It also identifies key trend reversal points and significant EMA crossovers (Golden Cross and Death Cross) to help traders make informed decisions.
**Key Features**:
- **Composite Score**: Aggregates signals from multiple indicators to provide a single, easy-to-read metric.
- **Buy/Sell Signals**: Generates clear signals for potential long (buy) and short (sell) opportunities.
- **Golden/Death Cross**: Marks EMA 50 crossing above (🚀) or below (💀) EMA 200, indicating major trend shifts.
- **Dashboard**: Displays real-time metrics like trend direction, momentum, volume, and signal confidence.
- **Customizable Alerts**: Notifies users of buy/sell signals, divergences, and EMA crossovers via TradingView’s alert system.
- **Multi-Timeframe Analysis**: Incorporates higher timeframe trends for enhanced signal reliability.
- **Candlestick Patterns**: Optionally includes patterns like Hammer, Engulfing, or Morning Star for signal confirmation.
This indicator is ideal for traders seeking a robust, all-in-one tool to identify trading opportunities across various markets (e.g., crypto, stocks, forex) and timeframes (e.g., 1H, 4H, daily).
User Guide for NeuroFlow Pro Indicator
Understanding the Indicator
- **Dashboard**:
- Located on the chart (left or right, configurable), it shows real-time metrics:
- **Comp Score**: Composite Score (0–100); low (<30) is bullish, high (>70) is bearish.
- **Trend**: Bullish, Bearish, or Neutral
- **MTF Trend**: Trend from a higher timeframe (e.g., 60m or 240m).
- **Momentum**: RSI and Stochastic RSI-based momentum (Bullish, Bearish, Neutral).
- **MFI**: Money Flow Index (Inflow, Outflow, Neutral).
- **Volatility**: High or Low based on ATR and Bollinger Bands.
- **Volume**: High, Low, or Neutral relative to volume MA.
- **Ichimoku**: Bullish, Bearish, or Neutral based on cloud position.
- **ADX Strength**: Strong or Weak trend based on ADX.
- **Divergence**: Bullish, Bearish, or Neutral for RSI/MACD divergences.
- **Reversal**: Bullish or Bearish reversal potential with confidence percentage.
- **Signal Status**: Long (buy), Short (sell), or None.
- **Signal Confid**: Confidence percentage for the current signal.
- **Chart Visuals**:
- **EMA 50 (White)**: Fast-moving average for short-term trends.
- **EMA 200 (Blue)**: Long-moving average for long-term trends.
- **Golden Cross (🚀)**: Green rocket emoji when EMA 50 crosses above EMA 200 (bullish).
- **Death Cross (💀)**: Red skull emoji when EMA 50 crosses below EMA 200 (bearish).
- **Alerts**:
- Configurable for Buy/Sell Signals, Golden/Death Cross, and Bullish/Bearish Divergences.
Configuring Settings
1. **Open Settings**:
- Right-click the indicator’s name on the chart and select “Settings,” or double-click the indicator in the chart’s indicator list.
2. **Key Settings to Customize**:
- **Strategy Settings**:
- **Max ATR Multiplier**: Adjusts sensitivity to volatility (default: 3.0).
- **Main Settings**:
- **Candlestick Pattern**: Choose Hammer, Engulfing, Morning Star, or Custom (default: Hammer).
- **Multi-Timeframe Period**: Set higher timeframe for trend analysis (e.g., 60m, 240m, Daily; default: 60m).
- **Higher Timeframe**: Secondary timeframe for confirmation (default: 240m).
- **Use Candlestick Patterns**: Enable/disable pattern-based signals (default: off).
- **Use Volume Filter**: Require high volume for signals (default: on).
- **Use ADX Filter**: Require strong trend for signals (default: on).
- **Momentum Settings**:
- **RSI/Stochastic/MFI Lengths**: Adjust periods for RSI, Stochastic RSI, and MFI (defaults: 14, 14, 60).
- **EMA Lengths**: Fast (50), Slow (100), Long (200) for trend and crossovers.
- **ATR/ADX Lengths**: Volatility and trend strength periods (default: 14).
- **SuperTrend/Bollinger/Ichimoku Settings**:
- Customize periods and multipliers (defaults: SuperTrend 10/3.0, Bollinger 20/2.0, Ichimoku 9/26/52).
- **MACD Settings**:
- **MACD Preset**: Auto (timeframe-based), 1H (3-10-16), 4H (5-34-21), D (5-15-9), or Custom (default: Auto).
- **Custom MACD Lengths**: Fast (12), Slow (26), Signal (9) for Custom preset.
- **Weights Settings**:
- Adjust weights for trend, momentum, volatility, etc., to prioritize certain indicators (defaults: Trend 1.0, Momentum 0.3, etc.).
- **Threshold Settings**:
- **Bullish/Bearish Reversal Thresholds**: Set score thresholds for reversals (default: 30/70).
- **ADX Threshold**: Minimum ADX for trend strength (default: 20).
- **Signal Thresholds**: Base (70) and alert (80) thresholds for signals.
- **Dashboard Settings**:
- **Position**: Left or Right (default: Right).
- **Show/Hide Metrics**: Enable/disable dashboard rows (e.g., Comp Score, Trend, MFI; all enabled by default except Volatility and Volume MA).
3. **Save Changes**:
- Click “OK” to apply settings. The dashboard and plots update instantly.
Using the Indicator
1. **Interpreting Signals**:
- **Buy Signal (Long)**: Appears when Composite Score is low (≤30), with at least two bullish confirmations . Shown as “Long” in Signal Status with confidence percentage.
- **Sell Signal (Short)**: Appears when Composite Score is high (≥70), with at least two bearish confirmations. Shown as “Short” in Signal Status.
- **Golden Cross (🚀)**: Indicates a bullish trend when EMA 50 crosses above EMA 200. Look for confirmation from Composite Score and Signal Status.
- **Death Cross (💀)**: Indicates a bearish trend when EMA 50 crosses below EMA 200. Confirm with dashboard metrics.
- **Reversal Signals**: Dashboard shows “Bullish” or “Bearish” with a percentage when reversal conditions are met .
2. **Monitoring the Dashboard**:
- Use the dashboard to assess market conditions in real-time.
- Green (bullish), red (bearish), or gray (neutral) colors highlight key metrics.
- Check “Signal Confid” for confidence in buy/sell signals (higher is better, e.g., >60%).
3. **Trading Decisions**:
- Combine signals with your own analysis (e.g., support/resistance, news).
- Use Golden/Death Cross for long-term trend confirmation.
- Avoid trading in high volatility (dashboard: “Volatility: High”) unless experienced
Best Practices
- **Timeframe Selection**:
- Use higher timeframes (e.g., 4H, Daily) for more reliable signals, especially for Golden/Death Cross.
- Lower timeframes (e.g., 5m, 15m) may produce more signals but with higher noise.
- **Confirm Signals**:
- Cross-check buy/sell signals with dashboard metrics (e.g., Trend, MFI, ADX).
- Use Golden/Death Cross as a trend filter rather than a standalone signal.
- **Risk Management**:
- Always use stop-losses and position sizing based on your risk tolerance.
- Avoid trading during high volatility unless part of your strategy.
- **Regular Updates**:
- Monitor TradingView for script updates from the author (KoKalito) to access new features or bug fixes.
Troubleshooting
- **No Signals**:
- Ensure the chart timeframe matches your settings (e.g., 60m for MTF Period).
- Check if filters (Volume, ADX) are too strict; try disabling them.
- **Dashboard Missing**:
- Verify “Dashboard Position” is set to Left or Right.
- Ensure dashboard metrics are enabled (e.g., Show Comp Score).
- **Alerts Not Triggering**:
- Confirm the alert condition is set to “NeuroFlow Pro Indicator” and the correct option (e.g., “Golden Cross Alert”).
- Check TradingView’s “Alerts” panel for errors or expired alerts.
- Reapply the indicator to the chart if it was recently updated.
- **EMA Crosses Not Showing**:
- Zoom in on the chart to see 🚀 (Golden Cross) or 💀 (Death Cross) symbols.
- Ensure EMA 50 and EMA 200 lengths are not identical (defaults: 50, 200).
Support
- **Author**: KoKalito (check TradingView profile for updates or contact info).
- **TradingView Community**: Post questions in the TradingView Pine Script community or forums.
- **Documentation**: Refer to TradingView’s Pine Script v5 documentation for advanced customization.
- **Risk Warning**: Trading involves risk. Use the indicator as a tool, not a guarantee of profits. Always conduct your own analysis and manage risk appropriately.
Happy trading with **NeuroFlow Pro Indicator**! 🚀
MTF Dashboard (Stoch,MACD,RSI) & Stochastic Signals V2
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### English Description (for the "Concise Version" of the Indicator):
**Indicator Title:** `MTF Dashboard (Stoch,MACD,RSI) & Stochastic Signals`
**Overview**
The **"MTF Dashboard (Stoch,MACD,RSI) & Stochastic Signals"** indicator (Concise Version) offers a streamlined yet powerful approach to multi-timeframe (MTF) analysis. It provides a detailed dashboard with Stochastic, MACD, and RSI values across up to five user-configurable timeframes. The core feature of this version is the generation of hierarchical alignment signals (S3, S4, S5) based *solely* on Stochastic conditions. Optional background coloring based on Stochastic alignment across three higher timeframes (TF3, TF4, TF5) is also included. This version focuses on delivering essential MTF insights and clear Stochastic-based signals without the additional signal filters found in more advanced editions.
**Key Features:**
* **Multi-Timeframe Dashboard (Stochastic, MACD, RSI):** Displays Stochastic (%K, %D, Status), MACD (Line, Signal, Status), and RSI (Value, SMA, Status) for up to five customizable timeframes (TF1 to TF5).
* **Hierarchical Stochastic Alignment Signals (S3, S4, S5):** Signals are generated based on a sequence of Stochastic confirmations:
* **TF1 Stochastic Cross Filter:** Initial TF1 Stochastic crosses can be filtered by requiring the K-value to be below a certain level for bullish crosses (e.g., below 20; set to 0 to effectively disable this specific K-level entry filter) or above a certain level for bearish crosses (e.g., above 80; set to 100 to effectively disable).
* **S3 Signal:** Appears after a (potentially filtered) Stochastic cross on TF1 is confirmed by congruent Stochastic conditions on TF2 and TF3. *Note: K-level confirmation filters for TF2-TF5 are disabled by default in this version (set to 0 for bull, 100 for bear) but can be adjusted by the user.*
* **S4 Signal:** Builds upon S3, requiring additional confirmation from TF4's Stochastic.
* **S5 Signal:** The strongest signal, requiring confirmation from S4 and finally TF5's Stochastic.
* **Customizable Background Coloring (Stochastic-Based):** Optionally colors the chart background when Stochastic indicators on TF3, TF4, and TF5 are all in bullish or bearish alignment.
* **Extensive Customization:** Configure all timeframes, indicator parameters (Stoch, MACD, RSI), signal confirmation K-levels, table appearance, and alert conditions.
* **Alerts:** The indicator defines multiple alert conditions (S3 Bull/Bear, S4 Bull/Bear, S5 Bull/Bear) that users can select when creating alerts manually in TradingView.
**How It Works**
1. **Dashboard & MTF Data:** The script fetches and calculates Stochastic, MACD, and RSI data for each of the five user-defined timeframes, presenting them in the on-chart table.
2. **Stochastic Signal Generation:**
* **TF1 Cross:** The initial signal trigger is a Stochastic cross on TF1. This cross can be qualified by user-defined K-level thresholds. To make this K-level filter less restrictive or effectively disable it, set the bull cross K-level to 0 and the bear cross K-level to 100.
* **Confirmations (TF2-TF5):** The TF1 cross is then confirmed sequentially by Stochastic conditions on TF2, TF3 (for S3 signal), TF4 (for S4 signal), and TF5 (for S5 signal). The K-level thresholds for confirming trend strength on TF2, TF3, TF4, and TF5 are set to non-restrictive values by default (0 for bullish confirmation, 100 for bearish confirmation) but can be tightened by the user in the settings to make signals more selective.
3. **Background Coloring:** Based on the consensus of Stochastic states (bullish/bearish) on TF3, TF4, and TF5.
**How to Use**
1. **Configure Timeframes & Base Indicators:** Set up your desired MTF levels and the parameters for Stoch, MACD, and RSI.
2. **Set Stochastic Signal Parameters:**
* Adjust the K-level thresholds for TF1 Stochastic crosses in the "STOCH\_SIG\_FILTERS" section.
* *Optionally*, adjust the K-level confirmation thresholds for TF2-TF5 if you wish to enable or tighten these filters for trend strength confirmation (default is effectively off).
3. **Interpret:**
* **Dashboard:** For an overview of market conditions across multiple indicators and timeframes.
* **S3-S5 Signals:** As potential indications of multi-timeframe Stochastic alignment.
* **Background Color:** For quick visual assessment of broader Stochastic momentum.
4. **Setting Up Alerts:** This indicator defines several distinct alert conditions (e.g., "Stoch TF3 Bullish Alignment"). To receive alerts:
* Add the indicator to your chart.
* Click the "Alert" button in TradingView.
* Select this indicator under "Condition", then choose the specific signal condition (e.g., "Stoch TF3 Bullish Alignment").
* Configure and create the alert. Repeat for each desired signal.
5. **Customize Further:** Explore input options to tailor indicator parameters and visual appearance.
**Important Considerations:**
* This indicator provides analytical tools and potential signals; it is not a standalone trading system and does not guarantee profits.
* Always use in conjunction with your trading strategy, risk management, and other analyses. Test thoroughly.
* The effectiveness of signals varies with market conditions and assets. Experimentation with settings is crucial.
**Acknowledgements**
This indicator is based on the original idea and strategic concepts developed by @f56eroon (ابو بتال - خطيرون)**. A special appreciation and thank you for his foundational contributions and insights that shaped this tool.
**Disclaimer:** This script is for educational/informational purposes only and is not financial advice. Trading involves substantial risk. The author, Saleh\_ABO\_RAED, is not responsible for any trading decisions based on this indicator.
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### الوصف العربي (للنسخة "المختصرة" من المؤشر):
**عنوان المؤشر:** `لوحة معلومات MTF (ستوكاستيك، ماكد، RSI) مع إشارات ستوكاستيك`
**نظرة عامة**
مؤشر **"لوحة معلومات MTF (ستوكاستيك، ماكد، RSI) مع إشارات ستوكاستيك"** (النسخة المختصرة) يقدم نهجًا مبسطًا وقويًا في نفس الوقت لتحليل الأطر الزمنية المتعددة (MTF). يوفر لوحة معلومات مفصلة تتضمن قيم مؤشرات ستوكاستيك، الماكد، والقوة النسبية عبر ما يصل إلى خمسة أطر زمنية يحددها المستخدم. الميزة الأساسية لهذه النسخة هي توليد إشارات توافق هرمية (S3, S4, S5) تعتمد *حصريًا* على شروط مؤشر ستوكاستيك. يتضمن المؤشر أيضًا تلوينًا اختياريًا للخلفية بناءً على توافق ستوكاستيك عبر ثلاثة أطر زمنية عليا (TF3, TF4, TF5). تركز هذه النسخة على تقديم رؤى أساسية من الأطر المتعددة وإشارات واضحة مبنية على ستوكاستيك دون الفلاتر الإضافية للإشارات الموجودة في الإصدارات الأكثر تقدمًا.
**الميزات الرئيسية:**
* **لوحة معلومات متعددة الأطر الزمنية (ستوكاستيك، ماكد، RSI):** تعرض قيم ستوكاستيك (K%, D%, الحالة)، الماكد (الخط، خط الإشارة، الحالة)، ومؤشر القوة النسبية (القيمة، المتوسط البسيط، الحالة) لما يصل إلى خمسة أطر زمنية قابلة للتخصيص (TF1 إلى TF5).
* **إشارات توافق ستوكاستيك الهرمية (S3, S4, S5):** يتم إنشاء الإشارات بناءً على سلسلة من تأكيدات ستوكاستيك:
* **فلتر تقاطع ستوكاستيك TF1:** يمكن تصفية تقاطعات ستوكاستيك الأولية على TF1 من خلال اشتراط أن تكون قيمة K أقل من مستوى معين للتقاطعات الصاعدة (مثلاً، أقل من 20؛ اضبط على 0 لتعطيل فلتر مستوى K هذا بشكل فعال) أو أعلى من مستوى معين للتقاطعات الهابطة (مثلاً، أعلى من 80؛ اضبط على 100 للتعطيل الفعال).
* **إشارة S3:** تظهر بعد تقاطع ستوكاستيك (مُصفى محتمل) على TF1 يتم تأكيده بشروط ستوكاستيك متوافقة على TF2 و TF3. *ملاحظة: فلاتر تأكيد مستوى K لـ TF2-TF5 معطلة بشكل افتراضي في هذه النسخة (مضبوطة على 0 للصعود و 100 للهبوط) ولكن يمكن للمستخدم تعديلها.*
* **إشارة S4:** تعتمد على S3، وتتطلب تأكيدًا إضافيًا من ستوكاستيك TF4.
* **إشارة S5:** أقوى الإشارات، تتطلب تأكيدًا من S4 وأخيرًا من ستوكاستيك TF5.
* **تلوين خلفية قابل للتخصيص (مبني على ستوكاستيك):** يقوم اختياريًا بتلوين خلفية الرسم البياني عندما تكون مؤشرات ستوكاستيك على الأطر TF3، TF4، و TF5 جميعها في توافق صاعد أو هابط.
* **تخصيص واسع النطاق:** قم بتكوين جميع الأطر الزمنية، معلمات المؤشرات (ستوكاستيك، ماكد، RSI)، مستويات تأكيد K للإشارات، مظهر الجدول، وشروط التنبيه.
* **التنبيهات:** يُعرّف المؤشر العديد من شروط التنبيه (S3 صاعد/هابط، S4 صاعد/هابط، S5 صاعد/هابط) التي يمكن للمستخدمين اختيارها عند إنشاء التنبيهات يدويًا في TradingView.
**كيف يعمل المؤشر**
1. **لوحة المعلومات وبيانات MTF:** يقوم السكربت بجلب وحساب بيانات ستوكاستيك، الماكد، و RSI لكل من الأطر الزمنية الخمسة التي يحددها المستخدم، ويعرضها في الجدول على الشارت.
2. **توليد إشارات ستوكاستيك:**
* **تقاطع TF1:** الشرارة الأولى للإشارة هي تقاطع ستوكاستيك على TF1. يمكن تأهيل هذا التقاطع بواسطة عتبات مستوى K يحددها المستخدم. لجعل فلتر مستوى K هذا أقل تقييدًا أو لتعطيله فعليًا، اضبط مستوى K للتقاطع الصاعد على 0 ومستوى K للتقاطع الهابط على 100.
* **التأكيدات (TF2-TF5):** يتم بعد ذلك تأكيد تقاطع TF1 بالتتابع بواسطة شروط ستوكاستيك على TF2، TF3 (لإشارة S3)، TF4 (لإشارة S4)، و TF5 (لإشارة S5). عتبات مستوى K لتأكيد قوة الاتجاه على TF2، TF3، TF4، و TF5 مضبوطة على قيم غير تقييدية بشكل افتراضي (0 للتأكيد الصاعد، 100 للتأكيد الهابط) ولكن يمكن للمستخدم تشديدها في الإعدادات لجعل الإشارات أكثر انتقائية.
3. **تلوين الخلفية:** بناءً على إجماع حالات ستوكاستيك (صاعدة/هابطة) على الأطر TF3، TF4، و TF5.
**كيفية الاستخدام**
1. **تكوين الأطر الزمنية والمؤشرات الأساسية:** قم بإعداد مستويات MTF المطلوبة ومعلمات ستوكاستيك، الماكد، و RSI.
2. **ضبط معلمات إشارة ستوكاستيك:**
* عدّل عتبات مستوى K لتقاطعات ستوكاستيك TF1 في قسم "STOCH\_SIG\_FILTERS".
* *اختياريًا*، قم بتعديل عتبات تأكيد مستوى K لـ TF2-TF5 إذا كنت ترغب في تمكين أو تشديد هذه الفلاتر لتأكيد قوة الاتجاه (الافتراضي هو إيقافها فعليًا).
3. **التفسير:**
* **لوحة المعلومات:** للحصول على نظرة عامة على ظروف السوق عبر مؤشرات وأطر زمنية متعددة.
* **إشارات S3-S5:** كمؤشرات محتملة لتوافق ستوكاستيك متعدد الأطر.
* **لون الخلفية:** لتقييم بصري سريع لزخم ستوكاستيك الأوسع.
4. **إعداد التنبيهات:** يُعرّف هذا المؤشر عدة شروط تنبيه مميزة (مثل "Stoch TF3 Bullish Alignment"). لتلقي التنبيهات:
* أضف المؤشر إلى الرسم البياني.
* انقر فوق زر "تنبيه" في TradingView.
* اختر هذا المؤشر تحت "الشرط"، ثم اختر شرط الإشارة المحدد.
* قم بتكوين التنبيه. كرر لكل إشارة مطلوبة.
5. **مزيد من التخصيص:** استكشف خيارات الإدخال لتكييف معلمات المؤشرات والمظهر المرئي.
**اعتبارات هامة:**
* يوفر هذا المؤشر أدوات تحليلية وإشارات محتملة؛ إنه ليس نظام تداول قائم بذاته ولا يضمن الأرباح.
* استخدمه دائمًا بالاقتران مع استراتيجية التداول الخاصة بك، إدارة المخاطر، والتحليلات الأخرى. اختبره جيدًا.
* تختلف فعالية الإشارات باختلاف ظروف السوق والأصول. التجربة مع الإعدادات أمر بالغ الأهمية.
**شكر وتقدير**
يعتمد هذا المؤشر على الفكرة الأصلية والمفاهيم الاستراتيجية التي طورها @f56eroon **(ابو بتال - خطيرون)**. أتقدم بشكر وتقدير خاص لمساهماته الأساسية ورؤاه التي شكلت هذه الأداة.
**إخلاء مسؤولية:** هذا السكربت مخصص للأغراض التعليمية/المعلوماتية فقط وليس نصيحة مالية. ينطوي التداول على مخاطر كبيرة. المؤلف، Saleh\_ABO\_RAED، غير مسؤول عن أي قرارات تداول بناءً على هذا المؤشر.
AQPRO Block Force
📝 INTRODUCTION
AQPRO Block Force is a powerful trading tool designed to identify and track Orderblocks (OBs) in real-time based on Fair Value Gap (FVG) principles. This indicator employs quite strict yet effective FVG filtering criteria to ensure only significant OBs are displayed, avoiding minor inefficiencies or duplicates within the same impulse or corrective moves. Each OB adapts dynamically to price action and can be categorized as Classic, Strong, or Extreme, based on proprietary conditions and best ideas from SMC (Smart Money Concepts).
In addition to plotting Orderblocks, the indicator offers useful filtering systems like an Age Filter to ensure cleanliness of the OB data on the chart and prevent old, irrelevant OBs from obstructing the chart. Users can also enable MTF (Multi-Timeframe) functionality to view OBs from other timeframes, providing a comprehensive analysis across multiple levels of market structure. With extensive customization options, AQPRO Block Force allows traders to tailor the visuals and behavior to fit their specific trading preferences.
This indicator does not parse any instituotinal data, order books and other fancy financial sources for finding order blocks nor it uses them for confirmation purposes. Calculations algorithms of order blocks are based purely on current asset's price history.
IMPORTANT NOTE: in the sections below term 'quality' will be applied to orderblocks quite a number of times. By 'quality' in the context of orderblocks we mean the reaction of price upon the sweep of orderblock. Basically, if the price reverses after reaching the orderblock, this orderblock is considered to be of high quality. Definition for low -quality orderblock can be deducted by analogy.
🎯 PURPOSE OF USAGE
This indicator serves one and only purpose — help traders identify most lucrative institutional orderblocks on the chart in real time. Even though event of price reaching an orderblock cannot be considered as a sole signal in many trading strategies without proper confirmation, such event nevertheless is quite important in SMC-based trading, because when price sweeps OB it usually means, that a reversal will soon follow, but, of course, this is not the case every time.
Traders should not expect from this indicator detection of perfect orderblocks, which would surely revese the price on encounter, but they can expect is a time-proven algorithm of determing orderblocks that on average produces more high-quality orderblocks than simple similar tools from open-source libraries.
More in-depth advices on the usage will be given in the sections below, but for now let's summarise subgoals of the indicator:
Detecting orderblocks filtered through strict FVG validation rules to improve overall quality of orderblocks;
Classifying orderblocks as Classic, Strong, or Extreme based on wether or not classic orderblocks pass filtering conditions, which are based on crossing critical price levels and SMC principles like ChoCh (Change of Character);
Eliminating clutter and manage chart space with the Age Filter, removing old OBs outside a user-defined age range;
Utilizing MTF functionality to track significant OBs from other timeframes alongside current timeframe analysis;
Providing traders with customization options for indicator's visuals to help them organize information on the chart in a clean way.
⚙️ SETTINGS OVERVIEW
This indicator's customization options allow you to fully control its functionality and visuals. Below is a breakdown of the settings grouped by the exact setting sections and parameters from the indicator:
🔑 Main Settings
Show OBs from current timeframe — toggles the display of OBs from the current timeframe on the chart;
Show classic OBs — enables or disables the display of Classic OBs;
Show strong OBs — enables or disables the display of Strong OBs, which meet the ChoCh-based filter criteria;
Show extreme OBs — enables or disables the display of Extreme OBs, which exceed proprietary price level risk thresholds.
⏳ Filter: Age
Use Age Filter — toggles the Age Filter, which removes old OBs based on their age;
Max Age — sets the maximum age of OBs to be displayed (in bars). OBs older than this value will be hidden;
Min Age — sets the minimum age of OBs to be displayed (in bars). OBs younger than this value will not be shown.
🌋 MTF Settings
Show MTF OBs — toggles the display of OBs from higher timeframes;
Timeframe — select the timeframe to use for MTF OB detection (e.g., 15m, 1h).
⏳ MTF / Filter: Age
Use Age Filter (MTF) — toggles the Age Filter for MTF OBs;
Max Age — sets the maximum age of MTF OBs to be displayed (in bars);
Min Age — sets the minimum age of MTF OBs to be displayed (in bars).
🎨 Visual Settings
Classic OB (Bullish) — sets the color for bullish Classic OBs;
Classic OB (Bearish) — sets the color for bearish Classic OBs;
Strong OB (Bullish) — sets the color for bullish Strong OBs;
Strong OB (Bearish) — sets the color for bearish Strong OBs;
Extreme OB (Bullish) — sets the color for bullish Extreme OBs;
Extreme OB (Bearish) — sets the color for bearish Extreme OBs.
📈 APPLICATION GUIDE
Application methodology of this indicator is pretty much the same as with any other indicator, whose purpose is to find and display orderblocks on the chart. However, before actually diving into the guide on application, we want to make a small step back to remind traders of the history of orderblocks as a concept, its limitations and benefits.
Orderblocks themselves are essentially just zones of potential institutional interest, which if reached are expected to reverse the price in the opposite direction. 'Potential' is a suitable remark for indicator's success probability, because, as was mentioned above, orderblocks don't guarantee price reversal regardless of quality of the indicator. This is the case for the simplest of reasons — orderblocks are based solely on price history and thus are to be considered a mathematical model , degree of success of which is never 100%, because all mathematical models abide by a "golden rule of trading" : past performance doesn't guarantee future results.
However, the extensive history of orderblocks clearly shows that this tool, despite being decades old, can still help traders produce market insights and improve any strategy's performance. Orderblocks can be used both as a primary source of signals and as confirmation tool, but from our experience they are better to be used as confirmation tool. Our indicator is not an exception in this matter and we advice any trader to use it mainly for confirmation purposes, because use-case of orderblocks as confirmation tools have much success stories on average than being used as primary signal source.
This being said, let's return to the application guide and start reviewing the indicator from the most basic step — how it will look like when you first load it on your chart:
This indicator consisis of 3 main logic blocks:
Orderblock evaluation;
MTF Orderblock evaluation;
Orderblock post-filtering.
The principles behind these logic blocks will be easy to understand for truly experiences traders, but we understand the need to explain them to a wider audience, so let's review each of these logic blocks below.
ORDERBLOCK EVALUATION
Principles behind our orderblock detection logic are as follows:
Find FVG (Fair Value Gap) .
Note: this indicator uses only three-candle FVGs and doesn't track FVGs with insidebars after third (farther) candle.
If you don't know what FVG means, we recommend researching this term in the Internet, but the basic explanation is this: FVG is the formation of candles, which are positioned in a way that there are an unclosed price area between 1st and 3rd candle.
Conditions:
bullish FVG = high of 3rd candle < low of 1st candle AND high of 3rd candle < close of 2nd candle AND high of 2nd candle < close of 1st candle AND low of 3rd candle < low of 2nd candle ;
bearish FVG = low of 3rd candle < high of 1st candle AND low of 3rd candle > close of 2nd candle AND low of 2nd candle > close of 1st candle AND high of 3rd candle > high of 2nd candle .
See visual showcase of valid & invalid bullish & bearish FVGs on the screenshot below:
As was shown on the screenshot above, the only correc t formation for FVGs are considered to be just like on pictures 1 and 2 (leftmost column of patterns) . Only these formations will take part in further determenings orderblocks.
Send FVGs through filtering conditions.
This is the truly important part. Without properly filtering FVGs we would get huge clusters of FVGs on the chart and they will not make sense to be reviewed, because there will be just too much of them and their quality will be very questionable .
Even though there is a quite number of ways to filter FVGs, we decided to go with the ones we deem actually useful. For this indicator we chose two methods, that work in tandem — 1) base candle's inside bar condition and 2) single appearance on current impulse/correction line. Let's review these conditions below and start with looking at the examples of them on the screenshot below:
Examples of 1st & 2nd conditions are displayed on the left and right charts respectively.
The filtering logic in 1st and 2nd is quite connected and further explanation should help you understand it just enough to start trading with our indicator.
Let's start with explaining the term 'base candle' and logic behind it. Base candle candle be explained quite shortly: it is the latest candle on the chart, whose high or low broke previous base candle's high or low respectively. The first candle in the time series of price data is by default considered the base candle. If any new candle after base candle doesn't overtake base candle's high or low (meaning, that this candle is inside the range of base candle), such candle is called an "inside bar" .
Inside bar's term is important to understand, because FVGs, which appear inside the inside bars are usually quite useless, because price doesn't react from them, so orderblocks with such FVGs are also of bad quality as well. Clear depiction of inside bar was provided in the screenshot of conditions above on the left chart, so we won't waste time making another example.
However, this is not it. Base candle, inside bars and a few other types of bars are all a part of SMC ideas and in the world of SMC there is a special term, that hold the most important place and is considered the cornerstone of SMC methodology — impulse/correction lines (valid pullbacks) . The average definition of impulse/correction lines is quite hard to understand for an average trader, but we can summarise like this:
Impulse/correction line is a line, that starts at the beginning of the sequence of base candles, each new candle of which consistently updates previous base candle's respective high/low.
We won't go into description of this principle because it is outside of scope of this indicator, but you can research this topic in the Internet by keywords ' impulse correction trading ' or 'valid pullback principles trading '. The general idea of usage of impulse/correction lines in the context of this indicator is that each such lines 'holds' inside at least one FVG and we need to find exactly the first FVG, while leaving all other FVGs behind, because they to be of worse quality on average.
Basically, by using translating these terms into conditions from example above, we have achieved a simple yet powerful filtering system. system for FVGs, which allows us to work with orderblocks of much higher quality than average open-source indicators.
If FVG passed filters, evaluate its OB.
When FVG is confirmed, we can start the evaluation of its orderblock. The evaluation of orderblocks consists of several checkpoints: 1) is orderblock beyond current ChoCh* AND/OR 2) is orderblock from extreme price levels, calculated by our proprietary risk system. Let's review these checkpoints below.
* ChoCh (Change of Character, fundamental SMC idea) — price level, which if broken by close of price can potentially cause a revesal of the trend to direction opposite to the the previous one. To learn more about ChoCh please research the term on the Internet, because this indicator uses its standard definition and explaining of this term goes beyond the scope of this indicator.
To determine if orderblock is beyond current ChoCh levels, we need to first determine where these levels are on the chart. ChoCh levels of this indicator are calculated with a very lite approach, which is based on pivot points.
You can see basic demonstration of ChoCh levels in action on the screenshot below:
IMPORTANT NOTE: pivot period for pivots points inside our indicator is by default equal to 5 and cannot be changed in settings at the moment of publication.
On the screenshot above you can clearly see that ChoCh levels are essentially highest/lowest pivot point levels in between certain range of bars, where price doesn't update its extremum. You can see on there screenshot a new type of line — BoS (Break of Structure). BoS is almost the same thing as ChoCh, but with one change: it is a confirmation of price updating its extremum in the same direction as it was before, while ChoCh updates price extremum in the direction opposite to which it was before .
Why do these levels matter when evaluating the orderblocks? Orderblocks, which are located beyond current BoS/ChoCh levels, are of much higher quality on average than average orderblocks and they are called Strong Orderblocks .
On the chart such orderblocks are marked with 'Strong OB' label inside the body of an orderblock.
You can see the examples of Strong OBs on the screenshot below:
That was the explanation of the 1st orderblock evaluation criteria. Now let's talk about the 2nd one.
Our 2nd evaluation criteria for orderblocks is a test on whether or price is behind specific price level, which is calculated by our proprietary risk system, which is based on fundamental of statistics, such as 'standard deviation' and etc.
This criteria allows us to catch orderblocks, which are located at quite extreme price levels, and mark them on trader's chart explicitly. Orderblocks, which are above our custom price levels, are called Extreme Orderblocks an are marked with 'Extreme OB' label inside orderblock's body.
You can see the example of Extreme OB on the screenshot below:
That was the explanation of the 2nd evaluation criteria of the orderblock.
If an orderblock doesn't pass any of these two criterias, it is considered a classic orderblock. These orderblock are most common ones and have the lowest success rate among other types of orderblocks, listed above. Such orderblocks are marked with 'OB' label inside the orderblock's body.
You can see the examples of classic OB on the screenshot below:
This is it for orderblock evaluation logic. After doing all these steps, all orderblocks that we found are collected and displayed on the chart with their bodies and label marks.
What happens after the detection of the orderblocks?
All active orderblocks are being tracked in real time and their statuses are being updated as well (Strong orderblock can become Extreme orderblock and vice versa) . By an active orderblock we mean an orderblock, which wasn't swept by price's high or low. Bodies of active orderblocks are prolonged to the next candle on each new candle.
If an orderblock was swept, indicator will stop prolonging this orderblock and will mark it as swept on the chart with almost hollow body and dashed border line of the orderblock's body. Also swept orderblocks lose their name label, so you won't see any text in the orderblock after it was swept, but you will see its colour.
You can see the example of an active & swept orderblocks on the screenshot below:
This functionality helps distinguish active orderblocks from swept ones (inactive) and make more informed decisions.
MTF OB EVALUATION
Principles of MTF OBs evaluation are exactly the same as they are for current timeframe's OBs.
MTF OBs are displayed on the chart in same way as other OBs, but with one little change: to the right side of MTF OB's status will be postfix of the timeframe, from which this OB came from. Timeframe for MTF OBs can be chosen by user in the settings of the indicator.
MTF OBs also preserve their statuses (Strong, Extreme and Classic) when displayed on the current timeframe, so you won't stack of mistakenly marked MTF OBs as Extreme just because they are far away from the price.
You can see the example of MTF OBs on the screenshot below:
Also MTF OBs when swept lose only their name label, but the timeframe postfix will still be there, so you could distinguish MTF OBs from OBs of the current timeframe.
See the example of swept MTF OBs below:
Overall MTF orderblocks is a very useful to get a sense of where the higher timeframe liquidity reside and then adjust your strategy accordingly. Taking your trades from the place of high liquidity, like orderblocks, doesn't guarantee certain solid price reaction, but it definitely provides a trader with much a greater change of 1) catching a decent price move 2) not losing money white trading against institutional players.
As was stated above, we recommend using this tool as a confirmation system for your main trading strategy, because its usage as primary source of signals in the long-run is not viable, judging from historical backtest results and general public opinions of traders.
ORDERBLOCK POST-FILTERING
To enhance filtering capabilities of this indicator even further, we decided to add two filters, which would help reduce the amount of bad and untradeable orderblocks. These two filters are 1) age filter and 2) cancellation filter. Let's review both of them below.
Talking about the age filter , this filter was designed to help get rid of old orderblocks, which clutter the chart with visual noise and make it harder to find valueable orderblocks. This filter has to parameters: min age and max age . What does age mean in the context of an orderblock? It is the distance between OB's left border's bar and current bar. If this distance is between min age and max age values, such orderblock is considered valid and age filter passes it for further evaluation, but this distance is too short or too long, age filter deletes this orderblock from the chart.
You can the example of an orderblock which didn't pass age filter requirements and was deleted from the chart on the screenshot below:
It is important to mention that the missing orderblock from the right chart will be appear on the chart right when its age will exceed min age parameter of age filter.
The principle of work for max age parameter can be deducted by analogy: if the orderblock's age in bigger than max age value of age filter, this orderblock will be deleted from the chart .
For MTF OBs we decided to their own age filter, so that it won't abide by current timeframe's restrictions, because MTF OBs are usually much older than OB from current timeframe, so they would deleted a lot of time before they even appear on the chart, if they would abide by the age filter of current timeframe.
Default parameters of age filter are "max age = 500" and "min age = 0" . "Min age = 0" means that there is restrictions on the minimum age of orderblocks and they will appear on the chart as soon as the indicator validates them.
That was the explanation of the age filter.
Talking about the cancellation filter , this filter was intended to spot orderblocks which were extremely untradable and visually alert traders about them on the chart. In this indicator this filter works like this: for each orderblock cancellation filter creates a special price level and checks if it was broken by the close of price.
This special price level consists of the farthest border. of the orderblock ( top border for bearish OBs and bottom border for bullish OBs) and a certain threshold, which is added to the farthest border. This threshold is based on the current ATR value of the asset. This filter helps detect the orderblocks which should not be considered for trading, because price has already went too far beyond the liquidity of this orderblock.
Orderblocks, which are spotted by this filter, are marked with '❌' emoji on the price history.
You can see the example of an orderblock which was spotted by the cancellation filter in the screenshot below:
This filter is applied to both current timeframe and MTF timeframe and is NOT configurable in the settings.
🔔 ALERTS
This indicator employs alerts for an event when new signal occurs on the current timeframe or on MTF timeframe. While creating the alert below 'Condition' field choose 'any alert() function call'.
When this alert is triggered, it will generate this kind of message:
// Alerts for current timeframe
string msg_template = "EXCHANGE:ASSET, TIMEFRAME: BULLISH_OR_BEARISH OB at SWEPT_OB_BORDER_PRICE was reached."
string msg_example = "BINANCE:BTCUSDT, 15m: bearish OB at 170000.00 was reached."
// Alerts for MTF timeframe
string msg_template_mtf = "EXCHANGE:ASSET, TIMEFRAME: BULLISH_OR_BEARISH MTF OB at SWEPT_OB_BORDER_PRICE was reached."
string msg_example_mtf = "BINANCE:BTCUSDT, 15m: bearish MTF OB at 170000.00 was reached."
📌 NOTES
These OBs work on any timeframe, but we would advise to to use on higher timeframes, starting from at least 15m, because liquidity from higher timeframe tends to be much valuable when deciding which orderblock to take for a trade;
Use these OBs as a confirmation tool for your main strategy and refrain from using them as primary signal source. Traders, which use SMC-based strategies, will benefit from these orderblocks the most;
We recommend trading only with Strong and Extreme orderblocks, because they are proved to be of much greater quality than classic orderblocks and they work quite well in mid-term and long-term trading strategies. Classic orderblocs can be used for short-term trading strategies, but even in this case these OBs cannot be blindly trusted;
We strongly advise against take for a trading orderblocks, which were spotted by cancellation filter, because they are considered to be voided of liquidity;
Don't forget that you can toggle different types of OBs, MTF settings and visual settings in the settings of the indicator and fine-tune them to your liking.
🏁 AFTERWORD
AQPRO Block Force is an indicator which designed with idea of helping trading save time on automatically detecting valuable orderblocks on the chart, evaluate their strength and filter out bad orderblocks. These employ the best principles of SMC, including FVGs, valid pullbacks and etc. FVGs play the key role in validating the existence of a particular orderblock and work in tandem with valid pullback to determine the maximum amount of true FVGs even in the most cluttered impulse/correction moves of the price. Our filters — Age Filter and Cancellation Filter — enhance the quality of the orderblocks by allowing only the newest and liquid orderblocks to appear on the chart. Additional MTF functionality allow trader to see orderblocks from other timeframe, which can be chosen in the settings, and get a sense of where the global liquidity resides. This indicator will be a useful confirmation tool to any trading strategy, but the SMC traders will surely get the most benefits out of it.
ℹ️ If you have questions about this or any other our indicator, please leave it in the comments.
OTZ NET COT Positions (dual modus)OTZ NET COT Positions (Dual Mode) is a powerful tool to visualize net positions of Commercials, Large Speculators, and Small Traders based on the Commitment of Traders (COT) data from the CFTC. It supports both standard futures and forex pairs using a differential approach (e.g., GBPJPY = GBP COT minus JPY COT).
Especially for Forex traders, this dual-mode mapping allows deeper insights. For example, in the GBPJPY pair, you can observe how positioning on the British Pound compares to the Japanese Yen – giving you an edge by evaluating the relative strength of one currency over another using institutional positioning.
A unique feature is the Tuesday-to-Tuesday comparison dots, ideal for analyzing weekly COT movements on daily charts. Since COT data reflects Tuesday positions, this allows a clean, consistent reference across weeks, enabling better momentum and trend analysis.
The indicator includes a clean legend, optional hiding of the current week's data until the market closes, and customizable color settings.
MTF Dashboard (Stoch,MACD,RSI) & Stochastic SignalsIndicator Title: MTF Dashboard (Stoch,MACD,RSI) & Stochastic Signals
Script Description:
Overview
The "MTF Dashboard (Stoch,MACD,RSI) & Stochastic Signals" indicator is a comprehensive Pine Script™ tool for multi-timeframe (MTF) analysis. It offers a detailed dashboard displaying Stochastic, MACD, and RSI values across up to five user-configurable timeframes. Distinctly, it generates powerful, hierarchical alignment signals (S3, S4, S5) based solely on Stochastic conditions across these timeframes, and provides optional background coloring to visually represent broader trend agreement based on Stochastic. This indicator aims to provide traders with a deeper market perspective by consolidating a multi-indicator informational table and specific Stochastic-based signals onto the current chart.
Key Features:
• Multi-Timeframe Dashboard (Stochastic, MACD, RSI): Displays Stochastic (%K, %D, Status), MACD (Line, Signal, Status), and RSI (Value, SMA, Status) for up to five customizable timeframes (TF1 to TF5).
• Hierarchical Stochastic Alignment Signals (S3, S4, S5): Signals are generated based on a sequence of Stochastic confirmations:
o TF1 Stochastic Cross Filter: Initial TF1 Stochastic crosses can be filtered by requiring the K-value to be below a certain level for bullish crosses (e.g., below 20, set 0 to disable) or above a certain level for bearish crosses (e.g., above 80, set 100 to disable).
o S3 Signal: Appears after a (potentially filtered) Stochastic cross on TF1 is confirmed by congruent Stochastic conditions on TF2 and TF3 (with K-level confirmations).
o S4 Signal: Builds upon S3, requiring additional confirmation from TF4's Stochastic.
o S5 Signal: The strongest signal, requiring confirmation from S4 and finally TF5's Stochastic.
• Dual Independent Optional Signal Filters:
o Moving Average (MA) Filter: Optionally filter S3-S5 signals using SMA, EMA, or WMA. Signals will only appear if aligned with the MA (e.g., price above MA for longs). Can be plotted independently.
o Volume Weighted Average Price (VWAP) Filter: Optionally filter S3-S5 signals using VWAP. Features advanced anchoring options (Session, Week, Month, Quarter, Year, Earnings, etc.). Signals will only appear if aligned with the VWAP. Can be plotted independently.
• Customizable Background Coloring (Stochastic-Based): Optionally colors the chart background when Stochastic indicators on TF3, TF4, and TF5 are all in bullish or bearish alignment.
• Extensive Customization: Configure all timeframes, indicator parameters (Stoch, MACD, RSI), signal confirmation K-levels, MA/VWAP filter settings, table appearance, and alert conditions.
• Alerts: The indicator defines multiple alert conditions (S3 Bull/Bear, S4 Bull/Bear, S5 Bull/Bear) that users can select when creating alerts manually in TradingView. Alert messages indicate active filters.
How It Works
1. Dashboard & MTF Data: The script fetches and calculates Stochastic, MACD, and RSI data for each of the five user-defined timeframes, presenting them in the on-chart table.
2. Stochastic Signal Generation:
o TF1 Cross: The initial signal trigger is a Stochastic cross on TF1. This cross can be qualified by user-defined K-level thresholds (e.g., cross must occur below level X for longs). To disable this specific K-level filter, set the bull cross level to 0 and the bear cross level to 100.
o Confirmations (TF2-TF5): The TF1 cross is then confirmed sequentially by Stochastic conditions on TF2, TF3 (for S3 signal), TF4 (for S4 signal), and TF5 (for S5 signal). These confirmations also involve K-level thresholds.
3. Optional Signal Filtering (MA & VWAP):
o If the MA filter is enabled for signals, a calculated S3/S4/S5 signal will only be plotted (and trigger an alert) if the price is also on the correct side of the chosen Moving Average.
o Similarly, if the VWAP filter is enabled for signals, the S3/S4/S5 signal must also align with the calculated VWAP.
o If both filters are enabled for signals, an S3/S4/S5 signal must satisfy its base Stochastic conditions AND the MA filter condition AND the VWAP filter condition.
o Both MA and VWAP lines can be plotted on the chart independently of their use as signal filters.
4. Background Coloring: Based on the consensus of Stochastic states (bullish/bearish) on TF3, TF4, and TF5.
How to Use
1. Configure Timeframes & Base Indicators: Set up your desired MTF levels and the parameters for Stoch, MACD, and RSI.
2. Set Stochastic Signal Parameters:
o Adjust the K-level thresholds for TF1 Stochastic crosses in the "STOCH_SIG_FILTERS" section. Set to 0 (bull) / 100 (bear) to effectively disable these specific K-level entry filters if desired, relying only on the cross itself.
o Configure K-level confirmation thresholds for TF2-TF5.
3. Configure Optional MA/VWAP Filters:
o Enable plotting and/or signal filtering for the MA and/or VWAP independently in their respective sections ("FILTER_MA", "FILTER_VWAP").
o Choose MA type/length/source and VWAP anchor period/source.
4. Interpret:
o Dashboard: For an overview of market conditions across multiple indicators and timeframes.
o S3-S5 Signals: As potential indications of multi-timeframe Stochastic alignment. The more filters a signal passes (MA, VWAP), the more confluent it might be considered.
o MA/VWAP Lines: As dynamic support/resistance or trend direction, even if not used as signal filters.
o Background Color: For quick visual assessment of broader Stochastic momentum.
5. Setting Up Alerts: This indicator defines several distinct alert conditions (e.g., "Stoch TF3 Bullish Alignment", "Stoch TF4 Bearish Alignment", etc.). To receive alerts:
o Add the indicator to your chart.
o Click the "Alert" button in TradingView's top toolbar (or right-click on the chart).
o In the "Create Alert" dialog, select this indicator under the "Condition" dropdown.
o You will then see a list of all defined alert conditions (like "Stoch TF3 Bullish Alignment"). Choose the specific signal condition you want an alert for.
o Configure other alert settings (frequency, sound, message actions) as desired and create the alert.
o Repeat for each specific S3, S4, or S5 signal (bullish or bearish) you wish to be alerted on. The alert messages generated by the script will include information about any active MA or VWAP filters that were passed.
6. Customize Further: Explore the extensive input options to tailor all indicator parameters, signal confirmation levels, and visual appearance.
Important Considerations:
• This indicator provides analytical tools and potential signals; it is not a standalone trading system and does not guarantee profits.
• Always use in conjunction with your trading strategy, risk management, and other analyses. Test thoroughly.
• The effectiveness of filters and signals varies with market conditions and assets. Experimentation with settings is crucial.
Disclaimer:
This script is for educational/informational purposes only and is not financial advice. Trading involves substantial risk. The author, Saleh_ABO_RAED, is not responsible for any trading decisions based on this indicator.
Special thanks and appreciation to @f56eroon (ابو بتال - خطيرون), whose original idea and strategic framework were the foundation for this indicator. &His contributions have been pivotal.
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الوصف العربي :
عنوان المؤشر: لوحة معلومات MTF (ستوكاستيك، ماكد، RSI) مع إشارات ستوكاستيك
وصف السكربت:
نظرة عامة
مؤشر "لوحة معلومات MTF (ستوكاستيك، ماكد، RSI) مع إشارات ستوكاستيك" هو أداة شاملة مبرمجة بلغة Pine Script™، مصممة لتحليل الأطر الزمنية المتعددة (MTF). يقدم المؤشر لوحة معلومات مفصلة تعرض قيم مؤشرات ستوكاستيك، الماكد (MACD)، ومؤشر القوة النسبية (RSI) عبر ما يصل إلى خمسة أطر زمنية يمكن للمستخدم تحديدها. وبشكل مميز، يقوم المؤشر بتوليد إشارات توافق هرمية قوية (S3, S4, S5) بناءً حصريًا على شروط مؤشر ستوكاستيك عبر هذه الأطر الزمنية، ويوفر تلوينًا اختياريًا للخلفية لتمثيل توافق الاتجاه الأوسع بناءً على ستوكاستيك بصريًا. يهدف هذا المؤشر إلى تزويد المتداولين بمنظور أعمق للسوق من خلال دمج جدول معلوماتي متعدد المؤشرات وإشارات محددة قائمة على ستوكاستيك وعرضها على الرسم البياني الحالي.
الميزات الرئيسية:
• لوحة معلومات متعددة الأطر الزمنية (ستوكاستيك، ماكد، RSI): تعرض قيم ستوكاستيك (K%, D%, الحالة)، الماكد (الخط، خط الإشارة، الحالة)، ومؤشر القوة النسبية (القيمة، المتوسط البسيط، الحالة) لما يصل إلى خمسة أطر زمنية قابلة للتخصيص (TF1 إلى TF5).
• إشارات توافق ستوكاستيك الهرمية (S3, S4, S5): يتم إنشاء الإشارات بناءً على سلسلة من تأكيدات ستوكاستيك:
o فلتر تقاطع ستوكاستيك TF1: يمكن تصفية تقاطعات ستوكاستيك الأولية على TF1 من خلال اشتراط أن تكون قيمة K أقل من مستوى معين للتقاطعات الصاعدة (مثلاً، أقل من 20، اضبط على 0 للتعطيل) أو أعلى من مستوى معين للتقاطعات الهابطة (مثلاً، أعلى من 80، اضبط على 100 للتعطيل).
o إشارة S3: تظهر بعد تقاطع ستوكاستيك (مُصفى محتمل) على TF1 يتم تأكيده بشروط ستوكاستيك متوافقة على TF2 و TF3 (مع تأكيدات مستوى K).
o إشارة S4: تعتمد على S3، وتتطلب تأكيدًا إضافيًا من ستوكاستيك TF4.
o إشارة S5: أقوى الإشارات، تتطلب تأكيدًا من S4 وأخيرًا من ستوكاستيك TF5.
• فلتران اختياريان مستقلان للإشارات:
o فلتر المتوسط المتحرك (MA): قم اختياريًا بتصفية إشارات S3-S5 باستخدام SMA أو EMA أو WMA. لن تظهر الإشارات إلا إذا توافقت مع المتوسط المتحرك (مثال: السعر فوق المتوسط المتحرك للإشارات الصاعدة). يمكن رسمه بشكل مستقل.
o فلتر متوسط السعر المرجح بالحجم (VWAP): قم اختياريًا بتصفية إشارات S3-S5 باستخدام VWAP. يتميز بخيارات إرساء متقدمة (جلسة، أسبوع، شهر، ربع سنة، سنة، أرباح، إلخ). لن تظهر الإشارات إلا إذا توافقت مع VWAP. يمكن رسمه بشكل مستقل.
• تلوين خلفية قابل للتخصيص (مبني على ستوكاستيك): يقوم اختياريًا بتلوين خلفية الرسم البياني عندما تكون مؤشرات ستوكاستيك على الأطر TF3، TF4، و TF5 جميعها في توافق صاعد أو هابط.
• تخصيص واسع النطاق: قم بتكوين جميع الأطر الزمنية، معلمات المؤشرات (ستوكاستيك، ماكد، RSI)، مستويات تأكيد K للإشارات، إعدادات فلاتر MA/VWAP، مظهر الجدول، وشروط التنبيه.
• التنبيهات: يُعرّف المؤشر العديد من شروط التنبيه (S3 صاعد/هابط، S4 صاعد/هابط، S5 صاعد/هابط) التي يمكن للمستخدمين اختيارها عند إنشاء التنبيهات يدويًا في TradingView. رسائل التنبيه تشير إلى الفلاتر النشطة.
كيف يعمل المؤشر
1. لوحة المعلومات وبيانات MTF: يقوم السكربت بجلب وحساب بيانات ستوكاستيك، الماكد، و RSI لكل من الأطر الزمنية الخمسة التي يحددها المستخدم، ويعرضها في الجدول على الشارت.
2. توليد إشارات ستوكاستيك:
o تقاطع TF1: الشرارة الأولى للإشارة هي تقاطع ستوكاستيك على TF1. يمكن تأهيل هذا التقاطع بواسطة عتبات مستوى K يحددها المستخدم (مثال: يجب أن يحدث التقاطع تحت المستوى X للصعود). لتعطيل فلتر مستوى K هذا، اضبط مستوى التقاطع الصاعد على 0 ومستوى التقاطع الهابط على 100.
o التأكيدات (TF2-TF5): يتم بعد ذلك تأكيد تقاطع TF1 بالتتابع بواسطة شروط ستوكاستيك على TF2، TF3 (لإشارة S3)، TF4 (لإشارة S4)، و TF5 (لإشارة S5). تتضمن هذه التأكيدات أيضًا عتبات مستوى K.
3. التصفية الاختيارية للإشارات (MA و VWAP):
o إذا تم تفعيل فلتر MA للإشارات، فإن إشارة S3/S4/S5 المحسوبة لن تُرسم (ولن تُطلق تنبيهًا) إلا إذا كان السعر أيضًا على الجانب الصحيح من المتوسط المتحرك المختار.
o وبالمثل، إذا تم تفعيل فلتر VWAP للإشارات، يجب أن تتوافق إشارة S3/S4/S5 أيضًا مع VWAP المحسوب.
o إذا تم تفعيل كلا الفلترين للإشارات، يجب أن تُلبي إشارة S3/S4/S5 شروط ستوكاستيك الأساسية الخاصة بها و شرط فلتر MA و شرط فلتر VWAP.
o يمكن رسم خطوط MA و VWAP على الشارت بشكل مستقل عن استخدامها كفلاتر للإشارات.
4. تلوين الخلفية: بناءً على إجماع حالات ستوكاستيك (صاعدة/هابطة) على الأطر TF3، TF4، و TF5.
كيفية الاستخدام
1. تكوين الأطر الزمنية والمؤشرات الأساسية: قم بإعداد مستويات MTF المطلوبة ومدخلات ستوكاستيك، الماكد، و RSI.
2. ضبط مدخلات إشارة ستوكاستيك:
o عدّل عتبات مستوى K لتقاطعات ستوكاستيك TF1 في قسم "STOCH_SIG_FILTERS". اضبط على 0 (للصعود) / 100 (للهبوط) لتعطيل فلاتر الدخول هذه بشكل فعال إذا رغبت، مع الاعتماد فقط على التقاطع نفسه.
o قم بتكوين عتبات تأكيد مستوى K لـ TF2-TF5.
3. تكوين فلاتر MA/VWAP الاختيارية:
o قم بتمكين الرسم و/أو تصفية الإشارات لـ MA و/أو VWAP بشكل مستقل في أقسامهما الخاصة ("FILTER_MA", "FILTER_VWAP").
o اختر نوع/طول/مصدر MA وفترة إرساء/مصدر VWAP.
4. التفسير:
o لوحة المعلومات: للحصول على نظرة عامة على ظروف السوق عبر مؤشرات وأطر زمنية متعددة.
o إشارات S3-S5: كمؤشرات محتملة لتوافق ستوكاستيك متعدد الأطر. كلما زاد عدد الفلاتر التي تجتازها الإشارة (MA, VWAP)، كلما أمكن اعتبارها أكثر قوة.
o خطوط MA/VWAP: كدعم/مقاومة ديناميكية أو اتجاه، حتى لو لم تُستخدم كفلاتر للإشارات.
o لون الخلفية: لتقييم بصري سريع لزخم ستوكاستيك الأوسع.
5. إعداد التنبيهات: يُعرّف هذا المؤشر عدة شروط تنبيه مميزة (مثل "Stoch TF3 Bullish Alignment"، "Stoch TF4 Bearish Alignment"، إلخ). لتلقي التنبيهات:
o أضف المؤشر إلى الرسم البياني الخاص بك.
o انقر فوق زر "تنبيه" (Alert) في شريط الأدوات العلوي في TradingView (أو انقر بزر الماوس الأيمن على الرسم البياني).
o في مربع حوار "إنشاء تنبيه" (Create Alert)، اختر هذا المؤشر ضمن القائمة المنسدلة "الشرط" (Condition).
o سترى بعد ذلك قائمة بجميع شروط التنبيه المعرفة (مثل "Stoch TF3 Bullish Alignment"). اختر شرط الإشارة المحدد الذي تريد تنبيهًا بشأنه.
o قم بتكوين إعدادات التنبيه الأخرى (التكرار، الصوت، إجراءات الرسالة) حسب الرغبة وأنشئ التنبيه.
o كرر هذه العملية لكل إشارة S3 أو S4 أو S5 محددة (صاعدة أو هابطة) ترغب في تلقي تنبيه بشأنها. ستتضمن رسائل التنبيه التي ينشئها السكربت معلومات حول أي فلاتر MA أو VWAP نشطة تم اجتيازها.
6. مزيد من التخصيص: استكشف خيارات الإدخال الشاملة لتكييف جميع معلمات المؤشرات، ومستويات تأكيد الإشارة، والمظهر المرئي.
اعتبارات هامة:
• يوفر هذا المؤشر أدوات تحليلية وإشارات محتملة؛ إنه ليس نظام تداول قائم بذاته ولا يضمن الأرباح.
• استخدمه دائمًا بالاقتران مع استراتيجية التداول الخاصة بك، إدارة المخاطر، والتحليلات الأخرى. اختبره جيدًا.
• تختلف فعالية الفلاتر والإشارات باختلاف ظروف السوق والأصول. التجربة مع الإعدادات أمر بالغ الأهمية.
إخلاء مسؤولية:
هذا السكربت مخصص للأغراض التعليمية/المعلوماتية فقط وليس نصيحة مالية. ينطوي التداول على مخاطر كبيرة. المؤلف، Saleh_ABO_RAED، غير مسؤول عن أي قرارات تداول بناءً على هذا المؤشر.
شكر وتقدير خاص لـ@f56eroon ( أبو بتال - خطيرون)، الذي كانت فكرته الأصلية وإطاره الاستراتيجي هما الأساس الذي بُني عليه هذا المؤشر. وكانت مساهماته محورية.
K3 - Quarterly Theory 90 Minute SSMTThe K3 indicator was designed to clearly identify the primary price levels (“PPLs”) associated with the 90 minute cycle sequential smart money technique (“90SSMT) which is a core concept of Quarterly Theory (“QT”). K3 is meant to be used primarily with the 5 minute timeframe. QT was originally created by Traderdaye. Traderdaye was inspired by the Inner Circle Trader. The 90SSMT PPLs identified by the K3 indicator are as follows:
Q1 low (grey line)
Q1 high (grey line)
Q1 equilibrium (dashed grey line)
Q2 low (pink line)
Q2 high (pink line)
Q2 equilibrium (dashed pink line)
Q3 low (light green line)
Q3 high (light green line)
Q3 equilibrium (dashed light green line)
Q4 low (light blue line)
Q4 high (light blue line)
Q4 equilibrium (dashed light blue line)
A 90SSMT is formed when the price of one asset takes a low or high while another asset that is normally correlated with the first asset fails to take the same low or high. 90SSMT is used with other QT core concepts such as precision swing point (“PSP”) and terminus price divergence (“TPD”) by QT traders to refine and execute trade setups. TPD is a concept originally created by Jacob Speculates. Equilibrium of a daily cycle may also be used to identify 90SSMT. However, the trader who developed this indicator is not sure that this concept has been publicly taught or endorsed in any way by Traderdaye or Jacob Speculates.
Levenson NASDAQ/SPX Polarity TrackerThis indicator, inspired by David Levenson’s thesis, measures the ratio of NASDAQ market cap to S&P 500 market cap (excluding NASDAQ overlap) to gauge risk-on/risk-off sentiment. A rising ratio signals NASDAQ outperformance (risk-on); a decline, like the 6% drop since April 2024, indicates compression (risk-off), reflecting deflationary pressures driven by mortgage duration compression and policy exhaustion.
K2 - Quarterly Theory Daily SSMTThe K2 indicator was designed to clearly identify the primary price levels (“PPLs”) associated with the daily cycle sequential smart money technique (“DSSMT) which is a core concept of Quarterly Theory (“QT”). K2 is meant to be used primarily with the 15 minute timeframe. QT was originally created by Traderdaye. Traderdaye was inspired by the Inner Circle Trader. The DSSMT PPLs identified by the K2 indicator are as follows:
Q1 low (grey line)
Q1 high (grey line)
Q1 equilibrium (dashed grey line)
Q2 low (pink line)
Q2 high (pink line)
Q2 equilibrium (dashed pink line)
Q3 low (light green line)
Q3 high (light green line)
Q3 equilibrium (dashed light green line)
Q4 low (light blue line)
Q4 high (light blue line)
Q4 equilibrium (dashed light blue line)
A DSSMT is formed when the price of one asset takes a low or high while another asset that is normally correlated with the first asset fails to take the same low or high. DSSMT is used with other QT core concepts such as precision swing point (“PSP”) and terminus price divergence (“TPD”) by QT traders to refine and execute trade setups. TPD is a concept originally created by Jacob Speculates. Equilibrium of a daily cycle may also be used to identify DSSMT. However, the trader who developed this indicator is not sure that this concept has been publicly taught or endorsed in any way by Traderdaye or Jacob Speculates.
Rolling VWAPs (7D / 30D / 90D / 365D) fixed bandsRolling VWAPs (7D / 30D / 90D / 365D) fixed bands
by Giano
AQPRO ScalperX📝 INTRODUCTION
AQPRO ScalperX is a trading indicator designed for fast-paced, intraday trading. It uses Donchian channel breakouts, combined with a proprietary filtering system, to catch buy and sell opportunities as close to the beginning as possible without losing quality of the signals.
On top of core signals, ScalperX includes a real-time max profit tracker, a multi-timeframe (MTF) dashboard, support and resistance zones, and risk management visualization tools like automatic rendering of TP and SL lines. The indicator is fully customizable for both its visuals and functional settings.
🎯 PURPOSE OF USAGE
This indicator was initially designed with the idea of trying to make such a tool, that would be able to catch trend reversal in the most safe way. In this particular situation term 'safe way' is very abstract and it is up to interpretation, but we decided that our definition will be 'trading with price breakouts' , meaning that we would like to capitalize on price breaking its previous structure in the direction opposite to the previous one.
You can clearly see on the chart how buy and sell signals are going one after another on the screenshot below:
This ensures that we follow trend consistently and without missing out on potential profits. Just like they say: " let the winners run ".
Even though indicator with similar goals already exist in the open market, we believe that our proprietary algorithms and filters for determining price breakouts can make a big difference to traders, which employ similar strategies on daily basis, by helping them understand where are the potential high-quality breakouts might be. We haven't found indicator with exact same functionality as ours, which means that traders will be able to leverage an actually new tool to generate new price insights.
In short, main goals of this indicator are as follows:
Catching high-quality price breakouts, filtered to reduce the amount of choppy moves and false signals;
Tracking potential profits in real-time, directly on trader's chart;
Organizing data visualization of data pf latest signals from chosen asset from multiple timeframe in one dashboard;
Automated highlighting of key support and resistance zones on the chart, which serve as confirmation for main signals;
⚙️ SETTINGS OVERVIEW
Options for customization of this indicator are straightforward, but let's review them to make things certainly clear:
🔑 ScalperX / Main Settings
Range — defines the "wideness" of the breakout boxes. Higher values create wider breakout zones and impact breakout sensitivity;
Filter — adjusts the spacing between breakout boxes, determining the strictness of signal filtering. Higher values lead to more selective and rarer signals;
Show Max Profit — displays a real-time line and label that updates when a trade achieves a new peak profit, measured in ticks.
⏰ MTF Signal / Main Settings
Show MTF Signals — enables the generation of buy/sell signals from selected higher timeframes, displayed as labels on the current chart;
Timeframe — specifies the higher timeframe to use for MTF signal detection, such as 1 hour (1h) or 4 hours (4h).
🗂️ MTF Dashboard / Main Settings
Show MTF Dashboard — activates a dashboard that tracks entries, TP, SL, and overall trade bias for one selected symbol across four customizable timeframes;
* Dashboard position ( Vertical ) — adjusts whether the dashboard appears on the Top, Middle, or Bottom of the chart;
* Dashboard position ( Horizontal ) — aligns the dashboard Left, Center, or Right within the chart window;
* the name of the parameter is hidden in the settings
🗂️ MTF Dashboard / Ticker
Ticker to Track — Allows you to choose the specific ticker symbol (e.g., BINANCE:BTCUSDT) for MTF tracking.
🗂️ MTF Dashboard / Timeframes
* Timeframe 1 — set the first timeframe for multi-timeframe analysis (e.g., 15 minutes);
* Timeframe 2 — set the second timeframe for multi-timeframe analysis (e.g., 30 minutes);
* Timeframe 3 — set the third timeframe for multi-timeframe analysis (e.g., 1 hour);
* Timeframe 4 — set the fourth timeframe for multi-timeframe analysis (e.g., 4 hours).
* the name of the parameter is hidden in the settings
🛡️ Risk Management / Main Settings
Show TP&SL — displays dynamic lines and labels for the entry, Take Profit (TP), and Stop Loss (SL) of the most recent signal, updated in real-time until a new signal triggers;
Risk-to-Reward Ratio (R:R) — defines the ratio for TP and SL calculation to control your risk and reward on every trade.
📐 Support & Resistance / Main Settings
Show Support & Resistance Zones — enables dynamic zones based on pivot points, colored bullish or bearish based on price context;
History Lookback — defines the number of bars to consider when calculating support and resistance levels. Increasing this results in zones derived from longer-term price structures.
🎨 Visual Settings / ScalperX
Bullish Box — defines the color for bullish breakout boxes;
Bearish Box — defines the color for bearish breakout boxes;
Max Profit — sets the color for the max profit line on the chart.
🎨 Visual Settings / S&R
Support — defines color used for standard support zones;
Resistance — defines color used for standard resistance zones;
Strong Support — defines special color for zones classified as "strong support";
Strong Resistance — defines special color for zones classified as "strong resistance".
🎨 Visual Settings / MTF Dashboard
Bullish — sets the color for bullish trade states in the MTF dashboard;
Bearish — sets the color for bearish trade states in the MTF dashboard.
🔔 Alerts / Main Settings
Buy & Sell — toggles alerts for buy and sell signals detected by the indicator in the current chart timeframe;
MTF Buy & Sell — toggles alerts for buy and sell signals detected across the selected MTF timeframes.
📈 APPLICATION GUIDE
Application flow of this indicator very easy to understand and get used to, because all of the necessary elements — analysis, drawing, alert — are already automated by our algorithms. Let's review how the indicator works.
Let's start with the most basic thing — how will your indicator look when you load it on your chart for the first time:
AQPRO ScalperX consists mainly of 6 logic blocks:
ScalperX signals;
Risk visualization;
Max Profit tracking;
MTF scalper signals;
MTF dashboard;
Support & Resistance zones.
Description of each logic block is provided in the corresponding sections below.
SCALPERX SIGNALS
Signals, generated by our indicator, are shown on the chart as coloured up/down triangle. When a signal appears on the chart, indicator also create a box of length equal to 'Range' parameter from "Main Settings" group of settings. This box is intended to show which area of the price was broken by current candle.
It also important to acknowledge, the breakout itself happens only when price closes beyond broken price area with its close (!) price . Breakouts with highs or lows are not counted. This reduces the amount of low-quality signals and ensures that only the strong breakout will appear on the chart.
VERY IMPORTANT NOTE: all signals are considered valid only on the close of the candle, which triggered the signal, so if you want to enter a trade by any signal, wait for its candle to close and open your trade right on the next candle.
Talking about scalper's settings, we need to shed a light on how the changes in them affect signal's quality.
Parameter 'Range' defines the amount of bars, that will be review prior to current candle to determine wether the price area of this bars is good enough to track and if current candle actually broke this price area.
👍 Rule of thumb : the higher the 'Range' is, the "wider" the boxes. Also the with the increase of this parameter rises the lag of the signals, so be carefully with setting high values to this parameter.
See the visual showcase of signals with different 'Range' parameters on the screenshot below:
The example above features two instancies of ScalperX with two different 'Range' parameter values: 15 (leftchart) and 5 (right chart). You can clearly see, that on left chart here are 2 signals in comparison to 6 signals on right chart. Also signals on the left side have bigger lag and they don't catch the start of the move in comparison to how quickly tops and bottoms are catched with low 'Range' . However, low 'Range' will lead to excessive amount of signals, quality of which during 'whipsaw' markets is not that great.
✉️ Our advice on how to optimally set 'Range' parameter:
Use low values to trade during the times, when there are a lot of clean up and down impulses. This way you will catch reversal opportunities sooner and the quality of the signals will still be great;
Use high values on the 'whipsaw' markets. This will filter out many bad signals, that you would get with low-value 'Range' , and will drastically reduces amount of losing trades.
Talking about the 'Filter' parameter, this particular setting defines the 'strictness' of rules which will be applied to price area validation process. Essentially, the higher this parameter is, the stronger price impulse has to be confirm the breakout. However, changes in this parameter will not impact the "wideness" of boxes at all.
👍 Rule of thumb : the higher the 'Filter' is, the more separated the signal will be. Setting this parameter to high value will lead to increase in lag and big reduction in amount of signals, so be careful this parameter to high values.
See the visual showcase of signals with different 'Filter' parameters on the screenshot below:
The example above features two instancies of ScalperX with two different 'Filter' parameter values: 20 (left chart) and 2.5 (right chart). You can clear see, that low 'Filter' generated 6 signals, while higher one generated only 4 signals. However if you look closer, you will see that 2 signals, that existing in the yellow dashed area on the right chart, don't exist in the same area on the left chart. This is because high value of this parameter requires price impulse to be very strong in order for the indicator to mark this breakout as a valid one. What is more important is that these 2 'missing' signals were actually bad and, technically, we actually cut our losses in this case with high value of 'Filter' . You can see that the leftmost sell signal on the left chart eventually closed in a nice profit, in comparison to the same trade being closed in a loss on the right chart because of the 2 signals that we were talking about above.
It is important to note, that setting 'Filter' to low values will not affect performance this much as it low value of 'Range' do, because the indicator already works on low values of this parameter by default and the signals on average are already good enough for trading.
✉️ Our advice on how to optimally set 'Filter' parameter:
Use low values to trade on the markets with clean up and down impulses. This way you avoid excessive filtering and leave a room for good signals to come right at you;
Use high values to trade on 'whipsaw' markets. Higher values of this parameter on these markets have same effect as high 'Range' parameter: filtering false signals and leaving room for actually strong price impulses, which you will later capitalize on.
RISK VISUALIZATION (TP&SL)
Rendering Take-Profits and Stop-Losses in our indicator works quite simple: for each new trade indicator creates new pairs of lines and labels for TP and SL, while lines & labels from previous trade are erased for aesthetics purposes. Each label shows price coordinates, so that each trader would be able to grap the numbers in seconds.
See the visual showcase of TP & SL visualization on the screenshot below:
Also, whenever TP or SL of the current trade is reached, drawing of both TP and SL stops. When the TP is reached, additional '✅' emoji on the TP price is shown as confirmation of Take-Profit.
However, while TP or SL has not been reached, TP&SL labels and lines will be prolonged until one of them will be reached or new signals will come.
See the visual showcase of TP & SL stopping being visualized & TP on the screenshot below:
MAX PROFIT TRACKING
This mechanic is not particularly a new one in field of trading, but people usually forgot that it can be a useful indicator of state of the market:
when lines and labels of Max Profit are far from entry points on consistent basis , it usually means that indicator's signals actually can catch a beginning of good price moves, which enables trader to capitalize on them;
when lines and labels of Max Profit are close to entry points on consistent basis , it means that either market is choppy or the indicator can't catch trading opportunities in time. To 'fix' this you can try to reconfigure scalper's parameters, which were described above.
Principles of Max Profit in this indicator are of industry-standard: when price updates its extremum and 'generates' more profit than it previously did, Max Profit label and line change their position to this extremum. Max Profit label displays the maximum potential amount of profit that a trader could have got during this trade in pips (!) .
See the visual showcase of Max Profit work on the screenshot below:
MTF SCALPER SIGNALS
The principles of these signals are exactly the same as principles for classic Scalper signals. Refer to 'Scalper Signals' section above to rehearse the knowledge.
Logic behind these signals is very simple:
We take classic Scalper signals;
We request the data about these latest signals from specific other timeframe ( user can choose it in the settings );
If such signals appeared, we display it on the chart as a big label with timeframe value inside of it. In comparison to classic signals, no additional boxes are created . TP&SL functionality doesn't cover MTF signals, so don't expect to see TP&SL lines and labels for MTF signals.
See the visual showcase of MTF Scalper signals on the screenshot below:
MTF DASHBOARD
The functionality of the dashboard is pretty simple, but it makes the dashboard itself a very powerful tool in a hands of experienced trader.
Let's review structure of MTF dashboard on the screenshot below:
The important feature of MTF dashboard is that its tracks latest trade's data from a particular ticker and its four timeframes, all of which any trader chooses in the settings. This means, that you can be on asset ABC , but track the data from asset XYZ . This allows for a quick scan of sentiment from different assets and their timeframes, which gives traders a clue on what is the trend on these assets both on lower and higher timeframes at the same moment and saves a lot of time from jumping from one asset & timeframe to another.
To see that this is exactly the case with our indicator, see the screenshot below:
Needless to say, that you can track current asset in the dashboard as well. This will have the same benefits, described in the paragraph above.
You can also customize colours for bullish and bearish patterns for MTF Dashboard in the settings.
SUPPORT & RESISTANCE ZONES
Support & resistance (S&R) zones are a great tool for confirming Scalper signals in complex situations. Using these zones to determine whether or a particular entry opportunity is good is a practice of professional traders, which we specifically added to our indicator for the reason of improving the quality of Scalper signals in long run.
The mechanics behind these zones is based on pivot points, the lookback for which you can customize in the parameter called 'History Lookback (Bars)' in "Support & Resistance / Main Settings" group of settings. Increasing this parameter will lead to a appearance of more 'global' zones, but they will appear much rarer, rather then zones, generated with low values of this parameter.
The quality of these zones doesn't change much when changing this parameter — it only changes the frequency of the zones on the chart. Zones, generated from high values of this parameter are more suitable for long-term trading, while zones, generated from low value of this parameter, are more suitable for short-term trading.
It also important to mention that any zone on the chart is considered active only until the moment its farther border ( top border for resistance zones and bottom border for support zones) is reached by price's high or low .
Take a look on the screenshot below to see which zones does the indicator draw:
Let's review the zones themselves now:
Classic Support/Resistance Zone — a standard zone, which on average has amedium success rate to reverse the price when collided with it;
High-buyer-volume/High-seller-volume Support/Resistance Zone — a stronger zone, which on average has much better success rate to reverse the price when collided with it. Classic zone is marked as high-volume only if the up/down volume near the pivot point of this zone is greater than a certain threshold ( not changeable );
Extreme Support/Resistance Zone — a zone, which appeared beyond price's least-possible-to-cross levels, and has to the highest success rate of reversing the price on encounter across the zones, mentioned previously. Classic zone, which appeared beyond certain price levels, calculated with our proprietary risk system, is considered extreme. Classic zone doesn't need to be high-volume to become an Extreme Zone!
High-buyer-volume/High-seller-volume Extreme Support/Resistance Zone — an Extreme Zone, which has also passed up/down volume evolution process, mentioned in the point 2 .
Trading with the zones, mentioned above, with highest-on-paper success rate — especially Extreme Zones — does NOT guarantee you a price reversal when the price will reach this zone. However, by conducting our own extensive research with this indicator, we have found that using these zone will actually help you increase your success rate on average, because using these zones as confirmation systems filter out quite a number of false signals on average.
It is also important to mention, that opacity (same as 'transparency') of S&R zones depends on the volume of around zone's pivot point:
if volume is high , zone has 'brighter' (less opacity) colour;
if volume is low , zone has 'darker' (more opacity) colour.
Let's review examples of Scalper signal, which 1) where filtered out by our S&R zones and 2) where confirmed by our S&R zones. See the screenshot below:
The example above clearly shows the importance of having an S&R zone confirming the signal. This kind of 'team work' between of Scalper signals and S&R zones results in filtering lots of bad signals and confirmation of truly strong ones.
🔔 ALERTS
This indicator employs alerts for an event when new signal occurs on the current timeframe or on MTF timeframe. While creating the alert below 'Condition' field choose 'any alert() function call'.
When this alert is triggered, it will generate this kind of message:
// Alerts for current timeframe
string msg_template = "EXCHANGE:ASSET, TIMEFRAME: BUY_OR_SELL"
string msg_example = "BINANCE:BTCUSDT, 15m: Buy"
// Alerts for MTF timeframe
string msg_template_mtf = "MTF / EXCHANGE:ASSET, TIMEFRAME: BUY_OR_SELL"
string msg_example_mtf = "MTF / BINANCE:BTCUSDT, 1h: Buy"
📌 NOTES
This indicators works best on assets with high liquidity; most suitable timeframes range from 1m to 4h (depends on your trading style) ;
Seriously consider using S&R zones as confirmation to main Scalper signals or any of your own signals. Confirmation process may filter out a lot of signals, but your PNL History will say "thank you" to you in the long-run and you will see yourself how good confirmed signals actually do work;
Don't forget to look at MTF dashboard from time to time to see global sentiment. This will help you time your entry moments better and will improve your performance in the long run;
This indicator can serve both as primary source of signals and as confirmation tool, but we advise to try to combine it with your own strategy frst to see if it will improve your performance.
🏁 AFTERWORD
AQPRO ScalperX was designed to help traders identify high-quality price breakouts and generate market insights based on them, which include signal generation. Main feature of this indicator is Scalper algorithm, which generate price-breakout-based signals directly on your chart.
Alongside these signals you can leverage 1) MTF Dashboard to track latest trade's data from chosen asset and its four timeframes, 2) risk visualization functionality (TP&SL) to improve understanding of current market risks and 3) Support & Resistance zones, which serve as a great confirmation tool for Scalper signals, but can also work with any other signal generation tool to enhance its performance.
ℹ️ If you have questions about this or any other our indicator, please leave it in the comments.
ATGRIDBOT OPTIMIZER Hello Trader..
There are some option in the script, let see one by one:
Market Direction: To specify the direction of the position: Long only, Short only, and Neutral
Contrat (Lot) Number: It specifies the size of the position to be opened when the trend reverses (position changes).
Test by backward bar count: If selected, it indicates how many backward bars will be taken into account in the back test process. If not selected, Start Date is taken into account.
Show Table: shows the results on the screen.
In this way, you will find the best parameter values according to the number of bars or date you entered.
Here the top 5 parameters are show along with total profit, profitable position, loss position and parameter values.
Remember that as the number of bars and dates in backtests increases, the calculation time will increase.
DISCLAIMER: No sharing, copying, reselling, modifying, or any other forms of use are authorized for our documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. I am not responsible for any losses you may incur. Please invest wisely.
KI-Marktrichtung-Analyzer
KI Market-Direction Analyzer
A turnkey bias indicator that merges Trend, Structure, Volume and Momentum into one clear 0–100 score:
Trend (EMA 200):
Close > EMA200 → Uptrend (+1)
Structure Check:
Higher High & Higher Low vs. prior bar → Bullish structure (+1)
Volume Impulses:
BullVol (+1): Close > Open and Volume > prior bar
BearVol (–1): Close < Open and Volume > prior bar
Momentum (RSI 14):
RSI > 55 → +1 | RSI < 45 → –1 | otherwise 0
Score Calculation:Visual Bias Display:
Long Bias: Score > 60 → Green upward triangle + green background
Short Bias: Score < 40 → Red downward triangle + red background
Neutral: 40 ≤ Score ≤ 60 → Gray background
Optional Label:
Show “Bias Score: XX” on each bar for instant reference.
See market bias at a glance—Bullish, Bearish or Neutral!
Alpha1Alpha1 is a streamlined trend analysis tool designed to offer visual clarity for directional bias in various market conditions. This script combines adaptive price tracking with dynamic smoothing logic to help traders stay aligned with the prevailing trend.
It is optimized for both short-term and mid-term chart analysis and integrates seamlessly with a wide range of trading strategies. It best works on 15 minute time frame.
This is an invite-only tool intended for private research and use. For educational purposes only — not financial advice.
RSI BreakoutFrom Wikipedia, the free encyclopedia
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Mathematics is a field of study that discovers and organizes methods, theories and theorems that are developed and proved for the needs of empirical sciences and mathematics itself. There are many areas of mathematics, which include number theory (the study of numbers), algebra (the study of formulas and related structures), geometry (the study of shapes and spaces that contain them), analysis (the study of continuous changes), and set theory (presently used as a foundation for all mathematics).
Mathematics involves the description and manipulation of abstract objects that consist of either abstractions from nature or—in modern mathematics—purely abstract entities that are stipulated to have certain properties, called axioms. Mathematics uses pure reason to prove properties of objects, a proof consisting of a succession of applications of deductive rules to already established results. These results include previously proved theorems, axioms, and—in case of abstraction from nature—some basic properties that are considered true starting points of the theory under consideration.
Mathematics is essential in the natural sciences, engineering, medicine, finance, computer science, and the social sciences. Although mathematics is extensively used for modeling phenomena, the fundamental truths of mathematics are independent of any scientific experimentation. Some areas of mathematics, such as statistics and game theory, are developed in close correlation with their applications and are often grouped under applied mathematics. Other areas are developed independently from any application (and are therefore called pure mathematics) but often later find practical applications.
Historically, the concept of a proof and its associated mathematical rigour first appeared in Greek mathematics, most notably in Euclid's Elements. Since its beginning, mathematics was primarily divided into geometry and arithmetic (the manipulation of natural numbers and fractions), until the 16th and 17th centuries, when algebra and infinitesimal calculus were introduced as new fields. Since then, the interaction between mathematical innovations and scientific discoveries has led to a correlated increase in the development of both. At the end of the 19th century, the foundational crisis of mathematics led to the systematization of the axiomatic method, which heralded a dramatic increase in the number of mathematical areas and their fields of application. The contemporary Mathematics Subject Classification lists more than sixty first-level areas of mathematics.
STWP Probable Pullback/Reversal Indicator with PNL Table1. Overview
The STWP Probable Pullback/Reversal Indicator is a powerful, all-in-one technical tool designed to help traders identify high-probability reversal or pullback opportunities in the market. Built with precision, it combines candlestick patterns, trend validation, RSI strength, and volume analysis to generate more reliable entry signals. This indicator is ideal for intraday and swing traders, especially beginners who struggle to decode market movements or often enter trades too early or too late. It aims to simplify decision-making, reduce guesswork, and improve the timing of entries and exits, ultimately helping traders build more consistent strategies while managing risk effectively.
2. Signal Generation Logic
The signal generation logic of the STWP Probable Pullback/Reversal Indicator is built on a multi-layered confirmation system to ensure high-probability entries. It begins with the identification of powerful candlestick reversal patterns such as Bullish Engulfing, Bearish Engulfing, and the Piercing Line, which are commonly used by professional traders to spot potential reversals. To validate the overall trend, the indicator uses the 200 EMA—signals that align with the EMA trend direction are considered more reliable. An RSI filter is applied to assess whether the stock is in an overbought or oversold zone, helping confirm if the price move is genuinely strong or losing momentum. Additionally, a volume filter is used to tag each signal with either high or low volume, allowing traders to further gauge the strength behind the move. All these components—candlestick pattern, trend confirmation, RSI condition, and volume strength—work in synergy, and the signal is only highlighted when all selected conditions align, offering an optional but powerful confluence-based confirmation approach.
3. Settings
The indicator comes with flexible settings to help you tailor the signals to your trading style. You can choose which candlestick patterns to include, such as Bullish Engulfing, Bearish Engulfing, Piercing Line, Morning Star, and Evening Star. The trend is confirmed using the 200-period Exponential Moving Average (EMA), but you can also customize the EMA period if you prefer. To gauge momentum, the Relative Strength Index (RSI) is set to a 10-period default, which helps identify overbought and oversold conditions more sensitively. Additionally, a volume filter labels entries as high or low volume, allowing you to spot stronger moves. You have the option to require confirmation from all filters—pattern, trend, RSI, and volume—for more reliable signals, or to accept signals based on selected criteria. The display settings let you customize how signals appear on the chart, including colors and labels, and alert options notify you of bullish or bearish setups and volume spikes, ensuring you never miss an opportunity.
4. How To Trade Using This Indicator
How to Trade Using the Indicator
To effectively use this indicator, first watch for key candlestick patterns like Bullish Engulfing, Bearish Engulfing, and Piercing Line, which act as initial trade signals. Additionally, you can explore other candlestick patterns to broaden your signal generation and find more opportunities. Next, confirm the prevailing trend by checking the position of price relative to the 200-period EMA — trades aligned with this trend have higher chances of success. The RSI, set at 10 periods, serves as a filter to confirm momentum strength or signs of exhaustion, helping you avoid weak signals. Volume tags highlight whether the entry is supported by high or low trading activity, adding another layer of confidence. Ideally, you look for a combination of these factors — pattern, trend, RSI, and volume — to increase the reliability of your trade setups. Once all these conditions align, enter the trade and manage your exit based on your preferred risk management rules.
5. Additional Features
Additional Features
This indicator goes beyond just signal generation by helping you manage risk and position size effectively. You can set your risk per trade, and the indicator automatically calculates the optimal quantity based on your available capital and stop loss level, making position sizing simple and precise. The built-in formula ensures you never risk more than you’re comfortable with on any single trade. Additionally, a real-time PnL (Profit and Loss) table tracks every trade live, showing movement and performance with easy-to-understand color-coded rows—green for profits and red for losses. This feature is especially useful for manual traders who want to log and monitor their trades seamlessly, helping you stay disciplined and informed throughout your trading session.
6. Customization Options
The indicator is designed to fit your unique trading style with flexible customization settings. You can easily adjust parameters like the RSI period, choose which candlestick patterns to include for signal generation, and set your preferred EMA length for trend validation. Volume filters can be turned on or off, depending on how much weight you want to give to trading activity. Risk management settings such as your risk percentage per trade and stop loss distance are fully adjustable, allowing you to tailor the indicator’s alerts and calculations precisely to your comfort level. These customization options empower you to create a personalized trading tool that matches your goals and market approach, making it easier to spot high-quality trades that suit your strategy.
Disclaimer:
This content is for educational and informational purposes only and does not constitute financial advice, recommendation, or solicitation to buy or sell any financial instruments. Trading in the stock market involves risk, and past performance is not indicative of future results. Please consult with a qualified financial advisor before making any investment decisions. The creator and distributor of this content are not responsible for any losses incurred.
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