DeQuex Algo V2The DeQuex Algo V2 script is an advanced technical analysis tool that provides traders with a powerful set of features to help them identify potential trading opportunities in the market. The script is based on the widely used Moving Average Convergence Divergence (MACD) indicator, which is known for its ability to identify changes in trend direction.
The script has several input parameters that can be customized to meet the specific needs of each trader. This flexibility makes it a great tool for traders of all skill levels, from beginners to advanced traders. By adjusting the input parameters, traders can fine-tune the script to their preferred trading style and risk tolerance.
One of the key features of the DeQuex Algo V2 script is its ability to generate buy and sell signals based on MACD crosses. These signals are generated when the MACD line crosses above or below the signal line, indicating a potential change in trend direction. The script also includes options to display trend signals, which can be helpful in identifying the strength of the current trend.
In addition to the MACD indicator, the script also includes a dynamic support and resistance level calculation based on the basis and deviation of the price, as well as volume trend analysis using On Balance Volume (OBV). These features can be used to identify key levels of support and resistance, as well as determine the overall trend direction of the market. This information can be used to make more informed trading decisions and improve the chances of success in the market.
Overall, this script is powerful tool that can be used to help traders identify potential trading opportunities in the market. By using this script in conjunction with other technical analysis tools and fundamental analysis, traders can make more informed trading decisions and increase their chances of success.
Here are the main features of the script:
Moving Average Convergence Divergence (MACD) indicator: The script is based on the MACD indicator, which is widely used by traders to identify changes in trend direction. The script generates buy and sell signals based on MACD crosses, indicating potential changes in trend direction.
Customizable input parameters: The script has several input parameters that can be customized to meet the specific needs of each trader. This includes the sensitivity of the MACD indicator, the source of the price data, the smoothing period, the type of moving average to use, and the display options for trend signals and price bars.
Trend signals: The script includes options to display trend signals, which can be helpful in identifying the strength of the current trend. This can help traders determine whether to enter a trade or wait for a better opportunity.
Dynamic support and resistance levels: The script includes a dynamic support and resistance level calculation based on the basis and deviation of the price. This can help traders identify key levels of support and resistance, which can be used to determine potential entry and exit points.
Volume trend analysis: The script uses On Balance Volume (OBV) to determine the volume trend in the market. This can be used to identify potential changes in trend direction and to confirm the strength of the current trend.
Alert system: The script includes an alert system that can notify traders when a buy or sell signal is generated. This can be helpful for traders who are not able to monitor the market at all times.
Search in scripts for "THE SCRIPT"
Parabolic Scalp Take Profit[ChartPrime]Indicators can be a great way to signal when the optimal time is for taking profits. However, many indicators are lagging in nature and will get market participants out of their trades at less than optimal price points. This take profit indicator uses the concept of slope and exponential gain to calculate when the optimal time is to take profits on your trades, thus making this a leading indicator.
Usage:
In essence the indicator will draw a parabolic line that starts from the market participants entry point and exponentially grows the slope of the line eventually intersecting with the price action. When price intersects with the parabolic line a take profit signal will appear in the form of an x. We have found that this take profit indicator is especially useful for scalp trades on lower timeframes.
How To Use:
Add the indicator to the chart. Click on the candle which the trade is on. Click on either the price which the trade will be at, or at the bottom of the candle in a long, or the top of a candle in a short. Select long or short. Open the settings of the indicator and adjust the aggressiveness to the desired value.
Settings:
- Start Time -- This is the bar in which your entry will be at, or occured at and the script will ask you to click on the bar with your mouse upon first adding the script.
- Start Price -- This is the price in which the entry will be at, or was at and the script will ask you to click on the price with your mouse upon first adding the script.
- Long/Short -- This is a setting which lets the script know if it is a long or a short trade, and the script will ask you to confirm this upon first adding it to the chart.
- Aggressiveness -- This directly affects how aggressive the exponential curve is. A value of 101 is the lowest possible setting, indicating a very non-aggressive exponential buildup. A value of 200 is the highest and most aggressive setting, indicating a doubling effect per bar on the slope.
Bollinger Bands SignalsDescription:
This indicator works well in trendy markets on long runs and in mean-reverting markets, at almost any timeframe.
That said, higher timeframes are much preferred for their intrinsic ability to cut out noise. The example chart is in 3H TF.
Be mindful, the script shows somewhat erratic jigsaw-like behaviour during consolidation periods when the price
jumps up and down in indecision which way to go. Fortunately, there are scripts out there that detect such periods.
You can choose between 4 Moving Averages, Vidya being the default. Period, Deviation and Bands Width parameters
all of them affect the signal generation.
For the Pine Script coder this script is pretty obvious.
It uses a standard technical analysis indicator - Bollinger Bands - and appends it with a 'width' parameter and
a signal generation procedure.
The signal generation procedure is the heart of this script that keeps the script pumping signals.
The BB width is used as a filter.
You can use this procedure in your own scripts and it will continue generate signals according to your rules.
Kyushu LegsKyushu Legs is a trend change detector proposed by Goichi Hosoda, a famous Japan journalist, creator of Ichimoku trading theory.
In its core idea it compares current data to the data from 9 weeks back in order to show long running trend and detect trend change moments.
This is a basic version of Kyushu Legs script. If you are looking for more features, please check PRO version of this script.
If after reading script description something is not clear, do not hesitate to ask. We are helping all users.
Script Settings:
| KYUSHU |
Legs - Check box turning on/off Kyushu Legs visualization
Length - Period length, 9 by default.
Candle body color up and down
Formations, TRend, Alerts - Information about formations feature, trend visualization feature, alerts feature
Troubleshooting:
In case of any problems, send error details to the author of the script.
Percent Levels From Previous CloseThis indicator plots on the chart +/- 1% / 2% / 3% ranges based on the previous day's close levels.
Disclaimer :
Success in trading is all about following your trading strategy and indicators should fit into your own strategy, and not be traded purely on.
This script is for informational and educational purposes only. Use of the script does not constitute professional and / or financial advice. You are solely responsible for evaluating the outcome of the script and the risks associated with using the script. In exchange for the use of the script, you agree not to hold monpotejulien TradingView user responsible for any possible claims for damages arising out of any decisions you make based on the use of the script.
Regression Channel with projectionEXPERIMENTAL:
Auto adjusting regressive channel with projection.
Linear regression is a linear approach to modeling the relationship between a dependent variable and one or more independent variables.
In linear regression , the relationships are modeled using linear predictor functions whose unknown model parameters are estimated from the data.
Disclaimer :
Success in trading is all about following your trading strategy and indicators should fit into your own strategy, and not be traded purely on.
This script is for informational and educational purposes only. Use of the script does not constitute professional and / or financial advice. You are solely responsible for evaluating the outcome of the script and the risks associated with using the script. In exchange for the use of the script, you agree not to hold monpotejulien TradingView user responsible for any possible claims for damages arising out of any decisions you make based on the use of the script.
ZigZag Channel with projection forecastThis indicator is created on top of existing Zigzag indicator .
The projection channel starts at the end of the last ZigZag line.
Disclaimer
Success in trading is all about following your trading strategy and indicators should fit into your own strategy, and not be traded purely on.
This script is for informational and educational purposes only. Use of the script does not constitute professional and / or financial advice. You are solely responsible for evaluating the outcome of the script and the risks associated with using the script. In exchange for the use of the script, you agree not to hold monpotejulien TradingView user responsible for any possible claims for damages arising out of any decisions you make based on the use of the script.
EMA channel with projection forecastExponential Moving Average Channel with projection forecast.
Riding a bull run is almost always riding an EMA value.
This indicator plots displaced EMA values guggesting possible sell targets.
Disclaimer
Success in trading is all about following your trading strategy and indicators should fit into your own strategy, and not be traded purely on.
This script is for informational and educational purposes only. Use of the script does not constitute professional and / or financial advice. You are solely responsible for evaluating the outcome of the script and the risks associated with using the script. In exchange for the use of the script, you agree not to hold monpotejulien TradingView user responsible for any possible claims for damages arising out of any decisions you make based on the use of the script.
[CLX][#04] Progress BarsFully customizable progress bars. 🚥
Functions:
- f_pbar() - 2 color, single argument version
- f_bar_theme() - multi color, array version
A detailed description will follow in the next few days.
Feel free to contribute for an extended version. 😊 Still in development.
We hope you enjoy it! 🎉
CRYPTOLINX - jango_blockchained 😊👍
Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely.
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold cryptolinx TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script.
TradeChartist Trend Splitter ™TradeChartist Trend Splitter is a visual Trend spotting script based on two simple models fused together - Dynamic Volatility Bands and Dynamic Mean Bands. The fusion of these two models based on user defined parameters of length, Volatility Risk and Mean Bands type, along with optional Trend Splitter color bars and Trend background split will make it visually engaging for any trader to understand the price action.
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Trend Splitter User Manual
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Trend Splitter settings has option to enable and disable the Volatility Bands and also the Mean Bands.
Under each heading, user can adjust the parameters to suit the trading style, based on time-frame traded.
Volatility Bands track the price action based on volatility trend lookback (Default - 55, MIn - 5, Max - 337) and also uses a Detector plot based on user defined risk (Default is 2.618, Min - 0.618, Max - 5) to continuously track the price action.
Mean Bands track the Mean values of the price action based on TradeChartist's original Mean Reversion Model based on one of 4 time tested Fib Lengths (Default - 55, Options - 55, 89, 144, 233, 337) and detects the price testing of Mean using Orange touchpoints.
Using Price Action in relation to both Volatility Bands and the Mean Bands, the script creates Mean Bands filtered Trend splits that plot Bull or Bear Trend background.
The Mean Bands Filter can be disabled for Trend Splits by just disabling Mean Bands from the settings. Also the option to display Trend Split background can also be enabled or disabled from the settings.
The settings also includes a useful feature to enable or disable coloured price bars using one of 3 colour themes.
Users can create alerts for Price testing mean, Bull and Bear trends using Long or Short from Trend Splitter's Alert Condition.
The indicator doesn't repaint even though a potential repaint warning appears when creating alerts. This can be confirmed by doing bar replay with vertical lines at various lines and trend change zones to get confidence using the indicator. The vertical lines will stay in the same place on both current time and when running a bar replay.
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Example Charts
1. 5m chart of BINANCE:AXSUSDTPERP using Trend Splitter (144, 2.618, Normal, 55) and TradeChartist Momentum Drift Oscillator (144 with Drift Visualizer). The Trend Splitter and MDO combo work brilliantly on Lower Time Frames and even on 15s/30s charts with MDO length of 144.
Best Practice - Always wait for a very long trend (over 337 bars on both MDO and Trend Splitter before taking a reverse trend trade at either Exhaustion or Super OB/OS zones of MDO) when using very low time-frames.
2. 5m chart of NYSE:PLTR using Trend Splitter (144, 3.618, Normal, 55) connected to TradeChartist Fib Master to plot Automatic Fibs. Just use Trend Identifier of Trend Splitter from Fib Master signal dropdown from settings, having both scripts active on chart.
3. Daily chart of OANDA:XAUUSD using Trend Splitter (using only Mean Bands - Weighted/144) to spot areas of support and resistance at Mean Bands.
Best Practice - Mean Bands can also act as confirmation indicator when used with other Trading View Indicators like RSI, Stohastic, Bollinger Bands etc.
4. Daily chart of COINBASE:ETHUSD using Trend Splitter (55, 0.618, Weighted, 55) connected to TradeChartist Plug and Trade to show Trend Splitter based Entries with Targets and Past Performance to assess the settings parameters in Trend Splitter. Just use Trend Identifier of Trend Splitter from Plug and Trade signal dropdown from settings, having both scripts active on chart.
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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TradeChartist Intensity Pro™TradeChartist Intensity Pro is a visual indicator that comes with 5 Visual Themes and Auto-fibs feature that helps traders with Entry/Exit and levels confirmation based on where the price is, in relation to the Orange Price Equilibrium line and the 5 zones of Bull/Bear limits that fade into the top or bottom outer space.
™TradeChartist Intensity is an original Mean Reversion Model that requires no user input and Intensity Pro incorporates User adjustable Auto-Fibs and manual Fibonacci retracement feature and plots customisable Fib levels along with prices.
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Intensity Pro Features
Orange Mean Equilibrium Line
Bull and Bear Intensity Bands
5 Visual Themes
Trend based Bar Colours
Auto Fibonacci Levels
Custom Auto-Fib Levels
Fibonacci Levels based on Days or Bars Lookback
Current Fib Level label
High and Low Plots
Take Profit Bars
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Example Charts:
1. 4hr BTC-USDT
2. SPX Daily
3. EUR-USD 1hr
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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Snake Trend PremiumThis is an improved version of my original open source snake trend script.
I made this script to reference the current market environment while working on the lower time frames. It combines 8 slow moving averages to calculate the strength of the market trend. It will color the center of the line based on those results. The purpose of it is to visualise a bunch of sma lines into 1 line, it will make it much more organised and gives visual clarity instead of chaos. Do not use this script.
How the snake calculates trend strength for color:
1. It will check for each SMA line if it increased or decreased in value compared to previous candle.
2. An increase means +1 a decrease means -1
3. It will count those numbers to get a strength value ranging from -8 to 8
4. Each specific number is color coded and it will plot that color into the center of the snake based on the color theme selected in config
Configuration:
Show MA Lines = Ability to show the hidden lines used for calculation
5 Color Themes = Includes 5 color themes for the snake of which one based on the original, this is so the user can decide which color theme is most clear.
Plot Snake on other timeframe ? = Ability to plot the visual snake on the timeframe you want instead of current, this will not change the calculation and is only visual.
Use Current Timeframe MACD ? = Chose if you want to use a custom timeframe for MACD (outer skin of the snake line), below that are the standard MACD settings
Use Current Timeframe rsiMFI ? = Chose if you want to use a custom timeframe for rsiMFI (inner skin of the snake line)
Static SMA Length ? = The amount of candles the SMA uses to calculates it's value, standard SMA settings
Timeframe in Minutes SMA 1 = The timeframe line 1 uses (these timeframes are very important as they decide the trend strength calculation which is the backbone of the script. Below that are settings for all the other SMA's
SMA length input changes all lines at once.
The script will get published in 2 ways:
A simple version that will display the trend strength indicator as bars (no overlay)
A version which displays the strength as colors and includes a skin to see if higher or lower TF MACD and rsiMFI are in the negative or positive
Disclaimer:
Never enter a trade purely based on the indicator as it is a trend visualisation but not a good entry trigger.
MTP Advanced Trade SetupsThe MTP Advanced Trade setup script contains the Wave 3 variation of MTPredictor automatic trade setups, TS1(W3), TS3(W3), TS4(W3) as well as the Volume Spike (VS) setup.
The TS1(W3), TS3(W3), TS4(W3) trade setups are designed to catch the end of a Wave (2) correction, with the aim of trading the Wave (3) swing. The Wave (3) swing is usually the strongest and longest swing in a completed 5 wave sequence. Whereas, the VS (Volume Spike) setup is designed to identify high volume spikes, with the aim of finding “fake-outs” at levels of DP support/resistance. This is usually where the “professional money” enters the market to produce a sharp swing in the opposite direction. For more detail of the MTP DP level, please visit the publication of the MTP Decision Point (DP) script.
Entry triggers triggers are provided by our MTP coloured reversal bars that are part of our MTP Analysis Script. The triggers are Blue for a potential Buy, Red for a potential Sell, and Grey for Neutral. Please note, these are only relevant at (or up to 5 bars after) the potential trade setup. Please see the MTP Analysis Script for more information.
Targets for the setups are automatically shown for each setup as part of the Trade Analysis. Position Sizing is included in the Analysis as well.
Please remember that although MTPredictor has automatic setups, we do not suggest that you just follow these blindly as if it were a black box mechanical system, judgement is needed in filtering the automatic setups, particularly with respect a clear larger degree trend. Each Trader must take responsibility for deciding on whether their own Analysis is clear and fits in with their own (personal and unique) Trading Plan.
There is a risk in Trading and Investing. Losses can and will unfold.
The script is available as an “invite-only” script, as part of the MTPredictor suite of tools on Trading View.
To obtain access, please go to the web page in our signature that appears below.
MTP Trade SetupsThe MTP Trade setups script contain the standard MTPredictor automatic trade setups, TS1, TS2, TS3, TS4 and DP.
The TS1, TS2, TS3, TS4 trade setups are based around the ABC correction of varying degrees, and as such, are designed to catch the end of a correction in a continuing trend. Whereas the DP is a trend termination setup at our MTP DP level on oscillator divergence. We define the trend by using Support / Resistance areas on the higher time frame chart using our MTP DP levels. For more detail of the MTP DP Levels, please visit the publication of the MTP DP script.
Entry triggers triggers are provided by our MTP coloured reversal bars that are part of our MTP Analysis Script. The triggers are Blue for a potential Buy, Red for a potential Sell, and Grey for Neutral. Please note, these are only relevant at (or up to 5 bars after) the potential trade setup. Please see our MTP Analysis Script for more information.
Targets for the setups are automatically shown for each setup as part of the Trade Analysis. Position Sizing is included in the Analysis as well.
Please remember that although MTPredictor has automatic setups, we do not suggest that you just follow these blindly as if it were a black box mechanical system, judgement is needed in filtering the automatic setups, particularly with respect a clear larger degree trend. Each Trader must take responsibility for deciding on whether their own Analysis is clear and fits in with their own (personal and unique) Trading Plan.
There is a risk in Trading and Investing. Losses can and will unfold.
The script is available as an “invite-only” script, as part of the MTPredictor suite of tools on Trading View.
To obtain access, please go to the web page in our signature that appears below.
Machine Learning / Longs [Experimental]Hello Traders/Programmers,
For long time I thought that if it's possible to make a script that has own memory and criterias in Pine. it would learn and find patterns as images according to given criterias. after we have arrays of strings, lines, labels I tried and made this experimental script. The script works only for Long positions.
Now lets look at how it works:
On each candle it creates an image of last 8 candles. before the image is created it finds highest/lowest levels of 8 candles, and creates a string with the lengths 64 (8 * 8). and for each square, it checks if it contains wick, green or red body, green or red body with wicks. see the following picture:
Each square gets the value:
0: nothing in it
1: only wick in it
2: only red body in it
3. only green body in it
4: red body and wick in it
5: green body and wick in it
And then it checks if price went up equal or higher than user-defined profit. if yes then it adds the image to the memory/array. and I call this part as Learning Part.
what I mean by image is:
if there is 1 or more element in the memory, it creates image for current 8 candles and checks the memory if there is a similar images. If the image has similarity higher than user-defined similarty level then if show the label "Matched" and similarity rate and the image in the memory. if it find any with the similarity rate is equal/greater than user-defined level then it stop searching more.
As an example matched image:
and then price increased and you got the profit :)
Options:
Period: if there is possible profit higher than user-defined minimum profit in that period, it checks the images from 2. to X. bars.
Min Profit: you need to set the minimum expected profit accordingly. for example in 1m chart don't enter %10 as min profit :)
Similarity Rate: as told above, you can set minimum similarity rate, higher similarity rate means better results but if you set higher rates, number of images will decrease. set it wisely :)
Max Memory Size: you can set number of images (that gives the profit equal/higher than you set) to be saved that in memory
Change Bar Color: optionally it can change bar colors if current image is found in the memory
Current version of the script doesn't check if the price reach the minimum profit target, so no statistics.
This is completely experimental work and I made it for fun. No one or no script can predict the future. and you should not try to predict the future.
P.S. it starts searching on last bar, it doesn't check historical bars. if you want you should check it in replay mode :)
if you get calculation time out error then hide/unhide the script. ;)
Enjoy!
TradeChartist Essential MTF Screener™TradeChartist Essential MTF Screener is an adaptive and powerful multi time frame screener toolkit for several essential trading indicators like RSI, Stochastic, CCI, MACD, 15 different Moving Averages, Heikin Ashi Trend and Net Volume, which can be visualised as a singular Indicator plot or as MTF Screener blocks showing absolute or trend-based colour coded Bull/Bear Strength along with real-time indicator value labels.
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™𝗧𝗿𝗮𝗱𝗲𝗖𝗵𝗮𝗿𝘁𝗶𝘀𝘁 𝗘𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹 𝗠𝗧𝗙 𝗦𝗰𝗿𝗲𝗲𝗻𝗲𝗿 𝗨𝘀𝗲𝗿 𝗠𝗮𝗻𝘂𝗮𝗹
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MTF Screener can be used as a singular Time Frame screener plot or as colour coded screener blocks with several Time Frames (based on Time Frame Multiplier inputs) and based on user preference of the indicator such as RSI, Stoch, CCI, MACD, one of 15 Moving Averages, Heikin Ashi Trend or Net Volume from the 𝐈𝐧𝐝𝐢𝐜𝐚𝐭𝐨𝐫 𝐓𝐲𝐩𝐞 dropdown.
For RSI, Stoch, MACD and Moving Averages, Source price is required from the Sᴏᴜʀᴄᴇ dropdown (default - close). Sᴍᴏᴏᴛʜɪɴɢ input can be used to smooth the plot.
RSI, CCI and Stoch lengths are 14 as default and each of them have Uᴘᴘᴇʀ Bᴀɴᴅ and Lᴏᴡᴇʀ Bᴀɴᴅ inputs, which decides the colour of the screener block.
MACD has 3 inputs namely - Fᴀsᴛ Lᴇɴɢᴛʜ , Sʟᴏᴡ Lᴇɴɢᴛʜ and Sᴍᴏᴏᴛʜɪɴɢ and the default is the classic settings (12,26,9). Type of MA used can be chosen from under 𝟰. 𝗠𝗼𝘃𝗶𝗻𝗴 𝗔𝘃𝗲𝗿𝗮𝗴𝗲 section of the indicator settings. For classic MACD, use EMA which is default.
Moving Average has two inputs namely - MA ᴛʏᴘᴇ (which allows one of 15 Moving Averages) and MA Lᴇɴɢᴛʜ (default - 55).
Heikin Ashi Trend and Net Volume do not need any inputs.
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𝗠𝗧𝗙 𝗦𝗰𝗿𝗲𝗲𝗻𝗲𝗿 𝗕𝗹𝗼𝗰𝗸𝘀
Screener blocks are plotted as default and each row represents a specific Time Frame based on the Time Frame Multiplier (Default - 11 TF Multipliers from 1 to 2 in steps of 0.1) entered by the user in the 𝗦𝗰𝗿𝗲𝗲𝗻𝗲𝗿 𝗣𝗹𝗼𝘁𝘀 section. There are 11 maximum rows or Time Frame Multipliers that can be displayed. For example, if the user wants just 4 timeframes say, 1hr, 2hr , 4hr and Daily on a 1hr chart, the user should enter 4 in 𝐍𝐮𝐦𝐛𝐞𝐫 𝐨𝐟 𝐌𝐓𝐅 𝐒𝐜𝐫𝐞𝐞𝐧𝐞𝐫𝐬 input box and enter 1, 2, 4 and 24 in the Time-Frame Multiplier input boxes.
The Screener block colour can be changed from the settings. Each Screener row will have the data labels displayed in real-time as default ( Aʟʟᴏᴡ Rᴇᴘᴀɪɴᴛɪɴɢ (Cᴜʀʀᴇɴᴛ HTF Dᴀᴛᴀ) ). Disabling this will have Higher Time Frame data lag based on previous HTF close. Real-time data is recommended for live prices/data as it helps see the current dynamic.
Hᴇɪᴋɪɴ Asʜɪ Sᴄʀᴇᴇɴᴇʀ plots data based on Heikin Ashi chart on normal candle/bar chart.
Tʀᴇɴᴅ Bᴀsᴇᴅ Sᴄʀᴇᴇɴᴇʀ (ʀsɪ, sᴛᴏᴄʜ, ᴄᴄɪ) plots color coded screener blocks based on Upper and Lower bands input from the user. The colors change only when the upper/lower band is breached for the first time since the opposite band breach.
The MTF Screener blocks can be used visually on price chart by just moving the MTF Screener to main chart with the default Separate Screener Pane - Default under Lᴀʙᴇʟs Dɪsᴘʟᴀʏ Tʏᴘᴇ to keep the labels on chart. Having separate scales for security price and MTF Screener makes it possible to view the screener blocks on main chart.
Screener overlaid on Price Chart disables the MTF screener blocks but shows the MTF labels on price chart.
MTF Screener block colours can be changed from Screener Blocks colour settings and the Screener Label colour can be changed from Screener Label Colour settings.
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𝗦𝗰𝗿𝗲𝗲𝗻𝗲𝗿 𝗜𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿 𝗣𝗹𝗼𝘁
Screener Indicator Plot is a singular plot of the user preferred timeframe multiplier (entered in Iɴᴅɪᴄᴀᴛᴏʀ Pʟᴏᴛ Tɪᴍᴇғʀᴀᴍᴇ Mᴜʟᴛɪᴘʟɪᴇʀ input box) of the Essential Indicator selected by the user.
To display the indicator plot, enable Dɪsᴘʟᴀʏ Iɴᴅɪᴄᴀᴛᴏʀ Pʟᴏᴛ (ᴅɪsᴀʙʟᴇs sᴄʀᴇᴇɴᴇʀ) . For example, if the selected plot is RSI, this displays RSI of the chosen Time Frame Multiplier along with the MTF Screener Labels without the blocks.
Screener Indicator Plot colours can be changed from Indicator/Screener Label colour settings and the Label colour can be changed from Lᴀʙᴇʟ Cᴏʟᴏᴜʀ (ғᴏʀ ɪɴᴅɪᴄᴀᴛᴏʀ ᴘʟᴏᴛ) .
The example chart below shows the use of both MTF Screener Blocks and Screener Indicator Plots of various essential indicators.
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Note: ™TradeChartist Essential MTF Screener is not a Signal generator and doesnt always reflect the trend when using MTF Screener blocks. Using relatively higher Time Frame Multipliers can cause late trade entries on chart time frame. The Screener and labels help visualize the values and the relative trend where sensible using colour codes. Users must devise personal techniques to exploit and use this tool to suit their trading needs.
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Example Charts
1. BTC-USDT 1hr chart using multiple MTF Screeners
2. BTC-USDT 1hr chart using Net Volume Indicator Plot and MACD MTF Screener on chart.
3. BTC-USDT 4hr chart using Daily Heikin Ashi Trend plotted on the main chart + Daily RSI indicator plot on a separate MTF Screener pane connected to ™TradeChartist Plotter to display Divergences on Price chart.
4. BTC-USDT 4 hr chart as above example, connected to ™TradeChartist FibMaster to plot Auto Fibs and display Bull/Bear Zones based on RSI 60/40 breakout trends.
5. BTC-USDT 4 hr chart with 20 period Weekly Hull MA plotted on Main chart with 4hr, Daily and 3D 20 period Hull MA value labels with Daily MACD Indicator Plot with 1hr, 4hr and 12 hr MACD real-time value labels.
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
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