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(JS) Multi-Time Frame Pivot Point Detector 2.0So here's an updated version of my automatic Pivot Point detector. If you don't like having a bunch of Pivots on your chart at once, or having to cycle through various resolutions to see different ones, this is for you! What does this indicator do? It automatically detects the nearest daily, weekly, and monthly pivot points both above and below the current price and automatically plots them for you. It's really just as simple as that. You select how far back you want it to plot with the "Pivot Point Look Back Period" option. I also have transparency options for each type of pivot so its easy to find the opacity you prefer and save it as a default setting. With "Turn Off Each Pivot Point On All Time Frames" turned on, as an example, if you were to uncheck "S1/R1" then it turns S1/R1 plots off across all 3 pivot resolutions. By default however, I have it set where you can pick and choose each one individually. I also added the default "VWAP Periodic" script from TradingView in there with it (not in prior version). This works identical to the built in indicator (because it is identical). Trading algorithms like to target pivot points and liquidity, so I figured they would pair together nicely for active trading.
Pine Script® indicator
by J-Streak
9
Super AlgorithmIf you make a loss, I am not responsible for it. Please use this with caution that includes proper risk and money management. When I see a sell signal, I may short &/or close my long. When I see a buy signal, I may long &/or close my short. The signal is most relevant for the exact time it comes on the chart. When the bar closes, it does not repaint. The signal can show up and disappear on a running bar. It DOES NOT repaint once the bar is closed. Do realize that on bar close, the price may have moved significantly, and the signal may not be relevant anymore. So, it needs to be used with caution whether one uses this as soon as a signal appears or on bar close. This is not suitable for the highly large timeframe (ake over 1day). I use it on 1 day and monthly on the lower timeframe. My primary motivation for building this was three - 1) To ensure I am not addicted and not looking at the chart 24/7 2) To ensure I do not spend a lot of time & resources on multiple indicators 3) I have a consistent profit that can help me in my poor living expenses. 4) Recently, during the huge drawdown, I noticed that my other indicator () was unable to act as quickly as needed as the volatility happened in the lower timeframe. It made me realize that I need to do something to protect my capital in the future. Hence, the idea for this indicator. 5) I use this indicator alongside my other indicators that are showing the chart as well. In the chart above, I am using * * * * * And this indicator You do not need to use all of these indicators. I have them always on my chart as I showed above. The buy and sell shown with a blue background is the one coming from this indicator. The only thing that one can customize is colour. This indicator differs significantly from my other indicators. This indicator prints less signal as careful work went in to reduce noise as much as possible and is to be used for 1 day or less tf. I use it alongside other indicators for confirmation bias. The other indicators I use are the ones that come from me as well as shown on the chart. This can possibly be used for other instruments. As I only use it for trading BTCUSD, I have crudely tested for BTCUSD after the dump and has been doing ok so far. The code is written in Version 4 of pine script. If there are bugs, please let me know. For info on gaining access see the ⬇ link below ⬇ in our signature field & direct message me. I have a busy schedule at my own workplace. Trading is my hobby. Hence, please be kind to me if I am late in replying
Pine Script® indicator
by Joy_Bangla
17
NJAlgoSignalv2NJ-ALGO-SIGNAL Combination of Price Breakout with Volume Bar Color Yellow = Breakout with Volume and Trend Change Lime = Breakout with Volume Blue = Breakout without Volume Black Line = Trailing Stop Line Sell when price break the Stop Loss Line. Try to entry on Yellow and Lime Candle. Can consider to exit when Blue Candle occur. Sign of weakness on uptrend. Label Shows only when bar color condition meet Calculate risk level based on the current price and trailing stop loss line (Black Line). 52W High By default is off. Background Color To Indicate Bullish or Bearish zone. Green = Bullish zone Red = Bearish zone
Pine Script® indicator
by nmsibrahim2
4
MTF Breaker Blocks [SMRT Algo]The SMRT Algo Breaker Blocks (BBs) indicator offers an advanced methodology for traders by highlighting breaker blocks, a critical concept in technical analysis that indicates potential areas of support and resistance. This indicator not only identifies these key zones but also integrates breakout signals and premium/discount swing levels to guide traders in setting take profit and stop loss targets. The system includes customizable alerts for each signal, ensuring that traders are promptly notified of important market events. Breaker blocks are identified after a mitigated order block, which signifies a change in polarity—where a previous resistance turns into support or vice versa (or previous demand turned supply). The indicator uses price action analysis to determine these zones, which are crucial for identifying potential reversal points or continuation patterns. By focusing on these areas, traders can anticipate where significant price reactions are likely to occur. Features: Bullish Breaker Blocks: A bullish BB is generated when a previous supply zone is broken. This setup indicates that the market may be transitioning from a downtrend to an uptrend. Bearish Breaker Blocks: A bearish BB is created when a previous demand zone is broken, thus creating a new bearish BB. This scenario suggests a potential shift from an uptrend to a downtrend. Sensitivity: Traders can adjust the indicator’s sensitivity, influencing how it detects swings and constructs breaker blocks. Higher sensitivity results in shorter-term breaker blocks, while lower sensitivity focuses on longer-term BBs. Alerts: Alerts can be configured for each signal type, ensuring that traders are notified of potential opportunities in real time. Traders can utilize Breaker Block (BB) zones in multiple strategic ways to enhance their trading decisions:   Profit Targets: BB zones can serve as predefined areas where traders look to take profits. Since these zones represent significant levels of potential support or resistance, they are logical points where the price might reverse or consolidate. By targeting these zones, traders can set realistic and strategic exit points that align with the market's natural behavior, thereby optimizing their profit-taking strategy. Risk Management: Using BB zones for profit targets also assists in managing risk, as it allows traders to plan their trades with a clear understanding of where they expect the market to move. This foresight helps in setting stop-loss levels relative to the BB zones, creating a balanced risk-reward profile for each trade. Entry Points & Anticipating Reversals: BB zones are ideal entry points for trades because they highlight areas where a change in price direction is likely. Traders can enter long positions near a BB zone acting as support or short positions near a BB zone acting as resistance. This approach leverages the natural tendency of prices to respect these significant levels, increasing the probability of entering a trade just as the market begins to move in the desired direction. Confirmation with Additional Indicators: While BB zones can be strong standalone signals, their effectiveness can be further enhanced when used in conjunction with other technical indicators, such as moving averages, RSI, or MACD. This combined approach can provide additional confirmation and improve the reliability of the entry signals, making it a versatile tool in a trader's arsenal. Inputs: Timeframe: Changes the Breaker Block timeframe Sensitivity: Adjust the sensitivity of the BB zones. A smaller value will lead to fewer zones generated on the chart, and a higher value will lead to more zones shown. Width: Adjust the width (size) of the zones. A smaller value will result in smaller zones, while a larger value will result in larger zones. Color: Freely adjust the color of bullish and bearish breaker blocks. Breaker Block Length: Adjust the offset (to the right) of the breaker block zones. Timeframe Label: The timeframe label is displayed on the top right corner, and can be turned on/off. It shows the timeframe of the MTF Breaker Block. The position and size of the label can also be adjusted.   By incorporating BB zones into their trading strategy, traders can develop a more structured and disciplined approach to both entering and exiting trades, leveraging the unique characteristics of these zones to optimize their trading outcomes. These components collectively create a system for identifying and trading market reversals and continuations. The breaker blocks provide a structural basis, highlighting areas of potential price reaction.   SMRT Algo’s proprietary approach to identifying and confirming breaker blocks, coupled with our comprehensive alert system, offers a significant edge over standard indicators. This indicator not only provides signals but also embeds a complete trading framework, guiding users through both entry and exit processes with built-in risk management.   Multi-Timeframe Breaker Blocks by SMRT delivers precise and actionable insights making it a valuable asset for serious traders. Traders receive a tool that is both powerful and user-friendly, capable of enhancing their trading performance and decision-making process. The SMRT Algo Suite offers a comprehensive set of tools and features that extend beyond the capabilities of standard or open-source indicators, providing significant additional value to users.   SMRT Algo Suite includes: Advanced Customization: Users can customize various aspects of the indicator, such as toggling the confirmation signals on or off and adjusting the parameters of the MA Filter. This customization enhances the adaptability of the tool to different trading styles and market conditions.  Enhanced Market Understanding: The combination of pullback logic, dynamic S/R zones, and MA filtering offers traders a nuanced understanding of market dynamics, helping them make more informed trading decisions. Unique Features: The specific combination of pullback logic, dynamic S/R, and multi-level TP/SL management is unique to SMRT Algo, offering features that are not readily available in standard or open-source indicators.  Educational and Support Resources: As with other tools in the SMRT Algo suite, this indicator comes with comprehensive educational resources and access to a supportive trading community, as well as 24/7 Discord support.   The educational resources and community support included with SMRT Algo ensure that users can maximize the indicators’ potential, offering guidance on best practices and advanced usage.   SMRT Algo believe that there is no magic indicator that is able to print money. Indicator toolkits provide value via their convinience, adaptibility and uniqueness. Combining these items can help a trader make more educated; less messy, more planned trades and in turn hopefully help them succeed.   RISK DISCLAIMER   Trading involves significant risk, and most day traders lose money. All content, tools, scripts, articles, and educational materials provided by SMRT Algo are intended solely for informational and educational purposes. Past performance is not indicative of future results. Always conduct your own research and consult with a licensed financial advisor before making any trading decisions.
Pine Script® indicator
by SMRTAlgo
3
BEST Algorithm Builder FOREXHello traders 👋 I. 💎 SCRIPTS ACCESS AND TRIALS 💎 1. Every trial request access has to be done through my website. 2. My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here: Daveatt 3. Many video tutorials explaining clearly how all our indicators work are available on our website > guides section and also on Discord + Youtube 4. You may also contact me directly for more information regarding the trading method included in the indicator or how to access it II. Forewords This indicator is for the Intraday FOREX traders looking for fixed entries based on our proprietary trading method. We've been working on it for months and releasing now for our subscribers. We designed this framework for FOREX major/minor/exotic pairs. III. Optimized system for lowering risk/capturing most of the opportunities We worked hard on reducing the risk as much as we could. The built-in hard-exit (also called invalidation) system does a huge job in exiting a position way before a Stop Loss will get hit EUR/USD USD/CAD IV. Trade Manager and compatible with dynamic alerts It includes : - our proprietary method with fixed entries - a hard exit system (built-in stop-loss) - multiple options for user-defined stop-loss/take-profit settings (price value, distance in pips, percentage, trailing, ...) - 🔔 Compatible with dynamic alerts 🔔 Dynamic alerts are bringing automated trading to a whole new level. The third-party solutions capturing TradingView alerts are able to use them. - Algorithmic Supports and Resistances used as safeguards and take profit zones Final words We made it as simple as we could (to be honest it's a very simple system for the end-user) - even with several hundreds of calculations in the indicator. Please hit me up for any questions/feedbacks/comments Become the BEST trader you deserve to be Dave
Pine Script® indicator
by Daveatt
5
Relativity Adaptive Stop-LossRelativity Adaptive Stop-Loss is a stop-loss technique that uses the Relativity Autonomous Distribution Blocks algorithm. For detailed info about Relativity Autonomous Distribution Blocks : *** Features This structure is different from standard stop-losses. The base frame is based on "Market Adaptive Stop-Loss" script. For detailed information about Market Adaptive Stop-Loss: This script uses the Relativity Autonomous Distribution Blocks as cross method. Tradeable / Non Tradeable Region Detector : This script separates tradeable and non-tradeable regions with a coloring method. Plotting Rules : * Maroon : Uncorfirmed Short Positions * Teal : Unconfirmed Long Positions * Green : Confirmed Long Positions * Red : Confirmed Short Positions This script can be used in only 1W time frame. (TF = 1W ) Does not repaint on 1W and larger time frames. ( Source = close ) *** Settings : The only option here is the ATR multiplier. The default use value of this ATR multiplier, which is of the standard of stop-loss, is 2.You can set it from the menu. No alert is set. Because the positive and negative regions are the same as Relativity Autonomous Distribution Blocks. Since the traders can trade according to the support and resistance outside the definite regions, the unnecessary signal was confused and the alerts were removed. *** USAGE The Stop-Loss indicator can slide on the chart. So you have to make sure you put it in right place. Using this script in a new pane below will radically solve slip problems. Stop-Loss values do not slip definitely.The values ​​can select from the alignment. NOTE : Some structures (Market Adaptive Stop-Loss) and design in this script are inspired by everget's Chandelier Exit script : Best regards.
Pine Script® indicator
by Noldo
Autonomous LSTM Stop-LossStructure Autonomous LSTM Stop-Loss is a stop-loss technique that uses the Autonomous LSTM algorithm. For detailed info about Autonomous LSTM : *** Features This structure is different from standard stop-losses. The base frame is based on "Market Adaptive Stop-Loss" script. For detailed information about Market Adaptive Stop-Loss: This script uses the Autonomous LSTM as cross method. Tradeable / Non Tradeable Region Detector : This script separates tradeable and non-tradeable regions with a coloring method. Plotting Rules : * Maroon : Uncorfirmed Short Positions * Teal : Unconfirmed Long Positions * Green : Confirmed Long Positions * Red : Confirmed Short Positions This script can be used in all time frames. Does not repaint. ( Source = close ) *** Settings : The only option here is the ATR multiplier. The default use value of this ATR multiplier, which is of the standard of stop-loss, is 2.You can set it from the menu. No alert is set. Because the positive and negative regions are the same as Autonomous LSTM. Since the traders can trade according to the support and resistance outside the definite regions, the unnecessary signal was confused and the alerts were removed. *** Usage The Stop-Loss indicator can slide on the chart. So you have to make sure you put it in place. Since this is a region scan from the OHLC levels, indicator contains small blue dots to the ohlc levels and made it serve as a guide. However, since we cannot know the OHLC values ​​precisely, it is best to use them as follows: Because it is often forgotten to put it in place: (OHLC : Average of Open, High, Low, and Closing prices for each period) Using this script in a new pane below will radically solve slip problems. Stop-Loss values do not slip definitely.The values ​​are selected from the alignment. NOTE : Some structures (Market Adaptive Stop-Loss) and design in this script are inspired by everget's Chandelier Exit script : Best regards.
Pine Script® indicator
by Noldo
42
Any MA bands (TMA bands V2)Hi everyone Website will be opening very shortly :) Sorting out the last details and we're so excited to finally roll-out our different Algorithm Builders for you guys Forewords This present script is an evolution of the TMA bands . I would never have expected that script to become so popular to be honest This is not only a study or idea but a really proven method and I'm glad that many of you are using it already. But please, whenever you see a new script out there, even if it looks cool and promising, please test it on a demo account for a week or on a LIVE account but with tiny amounts every time. Many times, what you see on the chart is not what will happen in reality. I know that most of you will agree and I know exactly why we see this behavior... I'll give more details in a later post I have plenty of methods like that one and I'll detail them on my website (and a bit on TradingView) starting next month TMA bands on steroids Someone asked me privately to make a generic version of the TMA bands and make it compatible with other standards Moving Average types. That's it for the specifications really as I didn't do much than re-using some piece of my own code Suggested (but not mandatory) methodology 1) The Take Profit 1 is the middle line, Take Profit 2 is the opposite band. 2) Once the TP1 is hit, set your Stop Loss to breakeven 3) Once the TP2 is hit, if you still want to stay in the trade, set your Stop Loss to the TP1 It will be a powerful tool in your arsenal for some scalp/intraday trades Wishing you all of you a great and profitable day PS It's strictly forbidden to republish this script without my explicit approval. All my posts are copyrighted from now on Obviously you can use but not republish and get the credit or even worse... some money from your own clients Dave ____________________________________________________________ Be sure to hit the thumbs up. Building those indicators take a lot of time and likes are always rewarding for me :) (tips are accepted too) - If you want to suggest some indicators that I can develop and share with the community, please use my personal TRELLO board - I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies Jump on a 1 to 1 coaching with me - You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python Disclaimer: Trading involves a high level of financial risk, and may not be appropriate because you may experience losses greater than your deposit. Leverage can be against you. Do not trade with capital that you can not afford to lose. You must be aware and have a complete understanding of all the risks associated with the market and trading. We can not be held responsible for any loss you incur. Trading also involves risks of gambling addiction. Please notice I do not provide financial advice - my indicators, strategies, educational ideas are intended to provide only some source code for anyone interested in improving their trading The proprietary indicators and strategies developed by Best Trading Indicator, the object of intellectual property rights are and remain the exclusive property of Best Trading Indicator, at the exclusion of images and videos and texts free of rights or provided by the Company or external legal or physical person. No assignment of intellectual property rights is carried out through these Terms and Conditions. Any total or partial reproduction, modification or use of these properties for any reason whatsoever is strictly prohibited without the express written authorization of the Company.
Pine Script® indicator
by Daveatt
8
Customizable Trend Direction (Open-Source)Hello everyone I received a ton of requests for this script so I decided to share it I did it for a client who didn't want to pay (you can all blame... or even thank him for this script) in the end and I don't want to sell it on my website. Not because it's not interesting but because my website will be a place to showcase and rent the Algorithm Builders mostly What is it about? Basically, it shows how you could convert a plotshape into a label.new object. Very interesting if you want someday to convert your V3 script into V4 With this script, it shows that you can in V4 ( but couldn't do in V3 ) do the followings : - change dynamically the size (from tiny to huge) of any object - change dynamically the text (from whatever to whatever) of any object Screenshot of the user interface imgur.com Other use cases I did it with the Trend Direction but could work with anything really. - Any indicator with a visual signal. You can know personalized from a user interface the text, size and also the vertical shift. I didn't do it for that one but label.new takes a (x,y) coordinates so playing with y is fairly easy to achieve a dynamic vertical shift - Even with this script Plotchar-How-to-draw-external-symbols-on-a-chart/ but would require to be updated with a label.new object and with a shape.none parameter so that we'll only see the icon/symbol displayed - The colors also can be change dynamically using presets Presets-Selector-FRIDAY-NIGHT-CHALLENGE/ . If you have an indicator showing a BULLISH and a BEARISH signal, then you could, for instance, configure colors presets according to the timeframe of the chart or the indicator input, etc (sky is the limit ^^) Be sure to hit the thumbs up at it motivates me to research what Pinescript can offer and share with the community Dave ____________________________________________________________ - I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies Jump on a 1 to 1 coaching with me - You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
Pine Script® indicator
by Daveatt
12
Momentum Signal Moving AverageThis is a script with one modified indicator that mainly tracks and executes positions openings by calculating volume and "enthusiasm" from the exchanges coin pairs. I recommend that it is used on a 15m chart. When it is a bullish trend it is configured to take profit, but this is of course something you can set values or disable. In bearish trends, the script opens bigger positions, and when a bounce happens the script starts taking profit. In stagnation, the script used to be week, and made losses. However, with the added scalping feature it seems to at least even it out, or even make profit as I have seen now. It's still a very 1.0 script and will get updated to make sure the profit keeps getting higher percentage. I use the Alerts Trader extension to execute orders from Tradingview in Chrome via Bitmex API. I use it on Bitmex, but surely you can use it on other exchanges that are supported in the Alerts Trader extension, which is extensive. Important : You will be able to add this script to your chart, but you won't be able to se the source code, so to make it work you need to set the alerts right, with correct code for it to work. Here is where I come in: I'll give each user 3 day trial, and after that, if you are satisfied and want to run it longer, you can subscribe for $49/month. And if you have bigger capital, I will install it and configure it to match the amount of contracts you wish to have. If you are a person with big capital, you can get 1 week of trial. And for people with big capital, you can get personal support from me when needed to alter settings or create new alerts. This will cost $50 each time. But remember, you can also run the trial on the Bitmex testnet, but the volume is very low there so the bot does not preform as well on the testnet as it does on the mainet with big volume. I am willing to let someone, a 3rd party, with good reputation test it for a few days and make an honest review after. Disclaimer: I cannot guarantee that this script will make you rich, but after a week of testing, both on testnet and mainnet, the results are good enough for me. (I am no financial expert or professional trader. Any losses from the algorithm is not my issue, use it at your own risk. Always run the script/bot with money you can afford to lose) All payments to me are made in bitcoin.
Pine Script® indicator
by katakito
1
Profitable SMA CrossoverWhat is this tool? This tool is a performance scanner of the crossover trading system that is based on the two simple moving averages (SMA). It uses a decision tree-based algorithm under the hood to find and plot the most profitable periods of the SMA combination. It analyzes the range of periods between 4 to 45 and backtests each combination across the entire history of an instrument. If the more profitable periods were detected the indicator will switch periods of the moving averages immediately. This is an add-on for the Ingenious SMA Crossover but can be used standalone. Alerts It has an alert that notifies when the more profitable periods were detected. NOTE : It does not change what has already been plotted. Good luck!
Pine Script® indicator
by everget
22
Ingenious SMA CrossoverIntroduction A popular use for moving averages is to develop simple trading systems based on moving average crossovers. A trading system using two moving averages would give a buy signal when the shorter (faster) moving average advances above the longer (slower) moving average. A sell signal would be given when the shorter moving average crosses below the longer moving average. The speed of the systems and the number of signals generated will depend on the period of the moving averages. What is this tool? This tool is a crossover system of two simple moving averages. I called it "Ingenious" because it uses a decision tree-based algorithm under the hood to find and plot the most profitable SMA combination. It analyzes the range of periods between 4 to 45 and backtests each combination across the entire history of an instrument. If the more profitable periods were detected the indicator will switch periods of the moving averages to the found ones immediately. NOTE : It does not change what has already been plotted. Good luck!
Pine Script® indicator
by everget
33
BCH Precognition - Mtrl_Scientist (study version)Hey everyone! As requested, this is the study version of the improved 'BCH- Precognition' algorithm, meaning you'll only see the indicator and not have 'longs/shorts' painted on your chart. - Works better with normal candles now, as internal calculations are forced to be done on Heikin Ashi, regardless of chosen candle format - Turned into a study, rather than strategy, as not to interfere with strategies that are already in place - Added Overbought/Oversold conditions (orange) with adjustable threshold, based on normalized price action helper indicator Green means buy condition is valid, red mean short condition is valid, and orange means overbought/oversold (adjustable in settings). Reminder: Only for use with BCHUSD, as it draws data for that coin from specific exchanges! These changes were also added to the strategy version. Please let me know what you would like to see improved!
Pine Script® indicator
by Mtrl_Scientist
2
Fibonacci Algo - LongAutomatic Fibonacci retracement entry, stop loss and extension target level as apart of a customisable strategy. Automatic plots of 23.6% 38.2%, 50%, 61.8%, 65%, 78.6% and -23.6, -61.8% and -100% levels. Customisable Fib Length - Time period over which max and min pivots are chosen. Customisable Offsetfib - Offsets the pivots and sell zone as your entry position will be some time after the upper and lower pivots are set. Vegas Wave - Automatic plot. Shows price relative to wave and EMA crossover - See my 'Vegas Wave' code for more of an explanation. A strategy based off buying the 50-618 with a defined stop loss the other side of the 65 or 786 can easily be formulated. This tool will automatically plot those points but a defined Risk Management strategy will always be needed. The 236 and 382 region can also be plotted, allowing for lesser retracements coinciding with wave 4 pullbacks ( Elliott Wave Traders). Works best in Bullish trends but will work on all timeframes (Bullish correction in an downtrend also possible). Previous pivots shown but be careful to identify which of the several pivots you are using. Start at a larger timeframe and move down. (Entries consistent on several timeframes are golden) Pivots and retracements are dynamic. Be sure to note your entry and targets. Works well when used in combination with an oscillator which highlights Divergence. Also refer to my other 'Fibonacci' Codes for more context.
Pine Script® indicator
by crypto_0sam0
41
MÈGAS ALGO : NMS (Nexora Momentum Synchronizer) [INDICATOR]Overview The NMS (Nexora Momentum Synchronizer) is a multi-timeframe indicator that aggregates and analyzes data of multiple momentum oscillators across different timeframes (1m, 5m, 15m, 30m, 45m, 1h, 2h, 4h, 8h, 12h and 24h). A user-friendly table displaying the indicator’s current values for each timeframe simultaneously. The script, thanks to the best technical momentum indicators provided by Tradingview, evaluates trend strength and market momentum through synchronized readings of TRSI , TSI , RSI , Stochastic RSI , Williams %R , and CCI. In addition to the indicator also tracks: -percentage change in price from the last bar's open across each timeframes -countdown time to bar close This indicator caters to the diverse needs of traders, whether they are focused on short-term momentum bursts or long-term trend-following strategies. By synchronizing momentum indicators, real-time price change(%) from last open and countdow time to close, across multiple timeframes, this tool provides a holistic view of market dynamics, empowering traders to make informed decisions with confidence. Key Features 1.Multi-Timeframe Momentum Analysis The Nexora Momentum Synchronizer performs an analysis of key momentum indicator : —Trend Strength Index (TSI) , True Strength Index (TSI) , Relative Strength Index (RSI) , Stochastic Oscillator (STOCH), Williams Percent Range (W%R) and Commodity Channel Index (CCI) —across multiple timeframes. This ensures traders receive a comprehensive understanding of momentum alignment, helping them identify high-probability trade setups with reduced noise and false signals. In addition to oscillator alignment and regression-based zone detection, the script includes: -real-time price change(%) from last open for each timeframe, providing insight into intrabar momentum and directional bias. -real-time countdown to bar close , displayed directly in the table, which enhances timing precision and supports scalping or event-based trading strategies. These tools combine to offer a comprehensive, real-time framework for both discretionary and alert-driven trading systems. 2.Customizable Parameters Fully adjustable settings allow traders to tailor the indicator to their specific preferences and adapt to diverse market conditions. From adjusting overbought and oversold levels to selecting preferred timeframes for alignment alerts, the Nexora Momentum Synchronizer offers unparalleled flexibility to meet individual trading styles. 3.Multi-Timeframe Alerts Traders can set up alerts for momentum alignment across up to four different timeframes. These alerts ensure that no opportunity is missed, regardless of the trading horizon or strategy being employed. These alerts can be set up to three different mode : All (to never miss opportunity), Once_for_Bar (to limit to one alert triggered during bar's period) or Bar_Close (to avoid earlier bias). 4.User-Friendly Interface Designed with simplicity in mind, the Nexora Momentum Synchronizer features an intuitive table interface that makes complex data easy to interpret. Clear visual cues and interactive elements allow traders to focus on executing strategies without being overwhelmed by cluttered charts. Advantages of Nexora Momentum Synchronizer Flexibility : Fully customizable parameters ensure the indicator adapts to diverse market conditions and trader preferences. Comprehensive Analysis : Multi-timeframe evaluation of momentum indicators provides a holistic view of market dynamics, enhancing trade confidence. Real-Time Alerts : Multi-timeframe alert functionality keeps traders informed of critical market movements and momentum shifts across different horizons. Please Note: This indicator is provided for informational and educational purposes only. It is not financial advice, and it should not be considered a recommendation to buy, sell, or trade any financial instrument. Trading involves significant risks, including the potential loss of your entire investment. Always conduct your own research and consult with a licensed financial advisor before making any trading decisions. The results and images provided are based on algorithms and historical/paid real-time market data but do not guarantee future results or accuracy. Use this tool at your own risk, and understand that past performance is not indicative of future outcomes.
Pine Script® indicator
by MEGAS_ALGO
MÈGAS ALGO : CNA (Cognitio Analysis) [INDICATOR]Overview The CNA (Cognitio Analysis) is a comprehensive financial analysis tool designed to evaluate the overall health and potential of a market or company based on fundamental metrics. It aggregates data across five key metric groups—**Growth**, **Profitability**, **Cash Flow**, **Income**, and **Valuation**—to provide a final interpretation of market conditions. The indicator dynamically adapts to the selected fiscal period (Quarter, Year, or Trailing Twelve Months) and delivers insights into dominant trends and conflicting signals. Key Features 1. Customizable Fiscal Period: - Users can select between "Quarter", "Year", or "Trailing Twelve Months" (TTM) to analyze data for their desired timeframe. 2. Dynamic Table Visualization: - Displays raw metric values, aggregated scores, and the final interpretation in an intuitive table. - Highlights the final interpretation with dynamic background colors (`color.teal` for bullish, `color.red` for bearish, etc.). 3. Comprehensive Data Integration: - Pulls financial data using TradingView's `request.financial()` function for metrics like revenue, earnings, margins, and valuation ratios. 4. Normalization and Scoring: - Normalizes data to create a consistent scoring system, ensuring accurate comparisons across metrics. How It Works 1. Metric Group Analysis - Growth Metrics: Measures revenue growth, earnings per share (EPS) growth, and tax efficiency. - Profitability Metrics: Analyzes net profit margin, return on equity (ROE), and EBITDA margin. - Cash Metrics: Assesses operating cash flow margin, free cash flow to operating cash flow ratio, and cash flow coverage. - Income Metrics: Examines gross profit margin, operating profit margin, and EBIT margin. - Valuation Metrics: Evaluates price-to-earnings (P/E), price-to-sales (P/S), and enterprise value-to-EBITDA (EV/EBITDA). 2. Dynamic Scoring System - Metrics are normalized to ensure consistency across different scales. - A geometric mean is used to calculate scores for each metric group, ensuring that all metrics within a group contribute equally to the final score. 3. Dominant Trend Identification - Scores from all five metric groups are aggregated to determine the **dominant trend** of the market. - The dominant trend is categorized as: - Bullish: Strong fundamentals across most metrics. - Bearish: Weak fundamentals across most metrics. - Neutral: Balanced conditions with no clear direction. - Unclear: Mixed signals dominate, requiring further monitoring. 4. Conflicting Signals Interpretation - The indicator identifies scenarios where metrics conflict (e.g., high growth but low valuation). - These conflicting signals provide nuanced insights into market conditions, highlighting rare opportunities or potential risks. How to Use the Indicator 1. Select Fiscal Period: - Choose between "FQ", "FY", or "TTM" to analyze data for the desired timeframe. 2. Review Metric Scores: - Examine the scores for each metric group (Growth, Profitability, Cash, Income, Valuation) to understand the underlying performance. 3. Interpret Final Output: - The final interpretation provides a summary of the dominant trend and conflicting signals, helping users make informed decisions. 4. Dynamic Coloring: - Use the dynamic background colors in the table to quickly identify market sentiment (bullish, bearish, neutral, or mixed). Applications - Identifying Opportunities: - Look for bullish dominant trends combined with undervalued growth opportunities for potential long positions. - Avoiding Risks: - Watch out for bearish dominant trends with overvaluation alerts to avoid potential losses. - Monitoring Neutral Markets: - Use the indicator to identify neutral markets and wait for clearer signals before making decisions. Conclusion The CNA (Cognitio Analysis) is a powerful tool for traders and investors seeking to make informed decisions based on fundamental analysis. By combining detailed metric evaluations, dynamic scoring, and sentiment-based interpretations, this indicator provides a comprehensive view of market conditions. Whether you're identifying undervalued opportunities, avoiding overvalued risks, or monitoring neutral markets, this indicator equips you with the insights needed to navigate complex financial landscapes. Please Note: This indicator is provided for informational and educational purposes only. It is not financial advice, and it should not be considered a recommendation to buy, sell, or trade any financial instrument. Trading involves significant risks, including the potential loss of your entire investment. Always conduct your own research and consult with a licensed financial advisor before making any trading decisions. The results and images provided are based on algorithms and historical/paid real-time market data but do not guarantee future results or accuracy. Use this tool at your own risk, and understand that past performance is not indicative of future outc
Pine Script® indicator
by MEGAS_ALGO
MÈGAS ALGO : ZIG-ZAG CYCLE INSIGTH [INDICATOR]Overview The Zig-Zag Cycle Insigth is a revisited version of the classic Zig Zag indicator, designed to provide traders with a more comprehensive and actionable view of price movements. This advanced tool not only highlights significant price swings but also incorporates additional features such as cycle analysis, real-time data tracking, and Fibonacci retracement levels. These enhancements make it an invaluable resource for identifying trends, potential reversal points, and market structure. This indicator adheres to TradingView's guidelines and is optimized for both technical analysts and active traders who seek deeper insights into market dynamics. Key Features: 1. Customizable Thresholds for Price Movements: - Users can set personalized thresholds for price movement percentages and time periods. This ensures that only significant price swings are plotted, reducing noise and increasing clarity. - Straight lines connect swing highs and lows, providing a cleaner visual representation of the trend. 2. Cycle Analysis Table: - A dynamic table is included to analyze price cycles based on three key factors: - Price Change: Measures the magnitude of each swing (high-to-low or low-to-high). - Time Duration (Bar Count): Tracks the number of bars elapsed between consecutive swings, offering precise timing insights. - Volume: Analyzes trading volume during each segment of the cycle. - The indicator calculates the **maximum**, **minimum**, and **mean** values for each parameter across all completed cycles, providing deeper statistical insights into market behavior. - This table updates in real-time, offering traders a quantitative understanding of how price behaves over different cycles. 3. Real-Time Data Integration: - The indicator displays live updates of current price action relative to the last identified swing high/low. This includes: - Current distance from the last pivot point. - Percentage change since the last pivot. - Volume traded since the last pivot. 4. Fibonacci Retracement Levels: - Integrated Fibonacci retracement levels are dynamically calculated based on the most recent significant swing high and low. - Key retracement levels (23.6%, 38.2%, 50%, 61.8%, and 78.6%) are plotted alongside the Zig Zag lines, helping traders identify potential support/resistance zones. - Extension levels (100%, 161.8%, etc.) are also included to anticipate possible breakout targets. 5. Customizable Alerts: - Users can configure alerts for specific real-time conditions, such as: - Price Change - Duration - Volume - Fibonacci Retracement Levels How It Works: 1. Zig Zag Identification: - The indicator scans historical price data to identify significant turning points where the price moves by at least the user-defined percentage threshold. - These turning points are connected by straight lines to form the Zig Zag pattern. 2. Cycle Analysis: For each completed cycle (from one swing high/low to the next), the indicator calculates: - Price Change: Difference between the start and end prices of the cycle. - Maximum Price Change: The largest price difference observed across all cycles. - Minimum Price Change: The smallest price difference observed across all cycles. - Mean Price Change: The average price difference across all cycles. - Time Duration (Bar Count): Number of bars elapsed between consecutive swings. - Maximum Duration: The longest cycle in terms of bar count. - Minimum Duration: The shortest cycle in terms of bar count. - Mean Duration: The average cycle length in terms of bar count. - Volume: Total volume traded during the cycle. - Maximum Volume: The highest volume traded during any single cycle. - Minimum Volume: The lowest volume traded during any single cycle. - Mean Volume: The average volume traded across all cycles. - These calculations provide traders with a statistical overview of market behavior, enabling them to identify patterns and anomalies in price, time, and volume. 3. Fibonacci Integration: - Once a new swing high or low is identified, the indicator automatically calculates Fibonacci retracement and extension levels. - These levels serve as reference points for potential entry/exit opportunities. 4. Real-Time Updates: - As the market evolves, the indicator continuously monitors the relationship between the current price and the last identified swing point. - Real-time metrics, such as percentage change and volume, are updated dynamically. 5. Alerts Based on Real-Time Parameters: - The indicator allows users to set customizable alerts based on real-time conditions: - Price Change Alert: Triggered when the real-time price change is less or greater than a predefined percentage threshold (e.g., > or < fixed value). - Duration Alert: Triggered when the cycle duration (in bars) is less or greater than a predefined bar count threshold (e.g., > or < fixed value). - Volume Alert: Triggered when the trading volume during the current cycle is less or greater than a predefined volume threshold (e.g., > or < fixed value). Advantages of Zig-Zag Cycle Insigth - Comprehensive Insights: Combining cycle analysis, Fibonacci retracements, and real-time data provides a holistic view of market conditions. - Statistical Analysis: The inclusion of maximum, minimum, and mean values for price change, duration, and volume offers deeper insights into market behavior. - Actionable Signals: Customizable alerts ensure traders never miss critical market events based on real-time price, duration, and volume parameters. - User-Friendly Design: Clear visuals and intuitive controls make it accessible for traders of all skill levels. Reference: TradingView/ZigZag TradingView/AutofibRetracement Please Note: This indicator is provided for informational and educational purposes only. It is not financial advice, and it should not be considered a recommendation to buy, sell, or trade any financial instrument. Trading involves significant risks, including the potential loss of your entire investment. Always conduct your own research and consult with a licensed financial advisor before making any trading decisions. The results and images provided are based on algorithms and historical/paid real-time market data but do not guarantee future results or accuracy. Use this tool at your own risk, and understand that past performance is not indicative of future outcomes.
Pine Script® indicator
by MEGAS_ALGO
3
Internal BOS X FVG Algorithms - 1 Visi TraderInternal BOS X FVG Algorithms, This strategy is based on 2 momentum combinations: • Internal Break of Structure was formed together with Fair Value Gap (FVG) Formula of Internal BOS X FVG Algorithms: 1. Break (Internal BOS) X Bullish FVG = Zone for BUY Setup 2. Break (Internal BOS) X Bearish FVG = Zone for SELL Setup // ----------- Add-ons Setting ----------- // Setting for Internal BOS X FVG Algorithms: --------- #1: Internal Break of Structure Settings, • Internal Swing: The number of left and right Swing Intervals that are checked when searching for Swing Points. More Values = Less Swing Points plotted to be potential Internal BOS and Less Values = More Swing Points plotted to be potential Internal BOS. • Internal BOS Color: You can change the color of dotted line and text for Internal BOS ("Break") according to your favorites layout. #2: Fair Value Gap Settings, • FVG Min. Range (In Pips): Input minimum range of Fair Value Gap in Pips, more value = less zone results. • FVG Max. Range (In Pips): Input maximum range of Fair Value Gap in Pips, less value = less zone results. • Extended Right - FVG: You can change the value of extended fair value gap zone according to your best preferences. #3: FVG Color Settings, • Bullish FVG: Change color FVG for Bullish Fair Value Gap Zone. • Bearish FVG: Change color FVG for Bearish Fair Value Gap Zone. #4: Mode FVG, • FVG Variations: - Global FVG = All Variations of Fair Value Gap Category - Specific FVG = Variation based on last of 2 FVG's Candles in same color #5: Trading Session, • Session Hours: You can adjust the trading hour according to the best session and volatility of pair assets that you want to trades. --------- How to Entry (Instructions): 1. Buy Positions = Internal BOS ("Break") form together with Bullish FVG, wait for pullback on FVG Zone and then you can open positions. Set Stop Loss (SL) below FVG Zone and set Take Profit (TP) in minimum 1:2 RR - if price hit 1:1 RR you can set Breakeven for managing the trading risk. 2. Sell Positions = Internal BOS ("Break") form together with Bearish FVG, wait for pullback on FVG Zone and then you can open positions. Set Stop Loss (SL) above FVG Zone and set Take Profit (TP) in minimum 1:2 RR - if price hit 1:1 RR you can set Breakeven for managing the trading risk. *Notes: The best pair asset for this strategy is on Gold (XAU/USD) at NY Sessions (19.00 - 22.00 GMT+7) - Timeframe M1 (1 Minute). -------- Best Regards, - 1 VISI TRADER Trading for Prosperity! -------- DISCLAIMER: No reselling 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.*
Pine Script® indicator
by satuvisitraderofficial
Supertrend StatsSupertrend with Probabilistic Stats and MA Filter Overview: The Supertrend with Probabilistic Stats and MA Filter is a comprehensive TradingView Pine Script indicator designed to enhance trading strategies by combining the trend-detection capabilities of the Supertrend indicator with the trend-confirmation strength of Moving Averages (MA). Additionally, it offers robust statistical tracking to provide traders with valuable insights into the performance and reliability of their trading signals. Key Features: Supertrend Indicator Integration: Trend Detection: Utilizes the Supertrend algorithm to identify prevailing market trends. Buy/Sell Signals: Generates clear buy and sell signals based on trend reversals. Customizable Parameters: Allows adjustment of ATR period and multiplier to suit different trading styles and market conditions. Visual Aids: Plots Supertrend lines on the chart and highlights trend areas for easy visualization. Moving Average (MA) Filter: Trend Confirmation: Filters buy signals to occur only when the open price is above the MA and sell signals only when the open price is below the MA. Customizable MA Types: Supports various MA types, including SMA, EMA, SMMA (RMA), WMA, and VWMA. Flexible Configuration: Offers options to enable/disable the MA filter, select MA type, set MA length, and adjust MA source and offset. Statistical Tracking: Trimmed Mean Calculation: Computes trimmed means for bullish and bearish movements, removing outliers to provide a more accurate average movement. Success Rate Metrics: Calculates the success rates (%) for both bullish and bearish signals, indicating the percentage of signals that resulted in favorable price movements. Candle Count Analysis: Tracks the average number of candles each bullish and bearish move lasts, offering insights into the duration of trends. Data Visualization: Presents all statistical data in a neatly formatted table on the chart, allowing for quick reference and analysis. Customizable Statistics Table: Text Color Customization: Provides an option to change the table text color to match personal preferences or chart aesthetics, enhancing readability. Comprehensive Metrics: Displays key statistics such as Bullish/Bearish Averages, Counts, Success Rates, and Average Candle Counts. Optional Pinbar Filtering: Signal Refinement: Adds an additional layer of signal confirmation by filtering buy and sell signals based on pinbar candlestick patterns. Adjustable Thresholds: Allows customization of the pinbar wick threshold to fine-tune signal accuracy. Visual Enhancements: Markers: Optionally displays markers on the first and last candles of bullish and bearish moves for better trend identification. Highlighter: Shades the chart background to indicate current trend direction, aiding in visual trend recognition. How It Works: Trend Identification with Supertrend: The indicator calculates the Supertrend based on user-defined ATR periods and multipliers. It plots the Supertrend lines and generates buy/sell signals when the price crosses these lines, indicating a potential trend reversal. Filtering Signals with Moving Average: When the MA filter is enabled, the indicator ensures that buy signals are only considered valid if the candle's open price is above the selected MA, and sell signals only if the open price is below the MA. This additional confirmation aligns trades with the broader market trend, potentially increasing signal reliability. Statistical Analysis: Upon triggering a buy or sell signal, the indicator records the entry price and tracks the subsequent price movements. It calculates trimmed means to assess average movements while excluding extreme outliers. Success rates are computed by comparing the closing price against the entry price, indicating how often signals result in favorable outcomes. The average number of candles per move provides insight into trend duration and volatility. Visualization and Customization: All statistical data is presented in a table on the chart, with customizable text colors for enhanced readability. Optional pinbar filtering and visual markers further refine and illustrate trading signals, aiding in decision-making. Benefits to Traders: Enhanced Signal Reliability: By combining Supertrend with an MA filter, the indicator ensures that only signals aligning with the broader market trend are considered, potentially reducing false signals. Data-Driven Decision Making: The comprehensive statistical tracking offers traders insights into the performance of their signals, enabling informed adjustments to their trading strategies based on empirical data. Trend Confirmation and Alignment: The MA filter acts as a trend confirmation tool, ensuring that trades are placed in the direction of the prevailing trend, which can enhance the probability of successful trades. Performance Metrics at a Glance: The statistics table provides all necessary performance metrics in a single view, allowing traders to quickly assess the effectiveness of their strategy without sifting through extensive data. Customization and Flexibility: With options to adjust MA types, lengths, and table text colors, traders can tailor the indicator to fit their specific preferences and trading environments. Visual Clarity and Aids: The plotted Supertrend lines, MA line, signal markers, and highlighter enhance visual clarity, making it easier to identify trends and potential trade opportunities on the chart. Usage Instructions: Adding the Indicator: Copy the Script: Select and copy the entire Pine Script provided. Open TradingView: Navigate to TradingView and open your desired asset's chart. Access Pine Editor: Click on the Pine Editor tab at the bottom of the TradingView interface. Paste and Add to Chart: Paste the script into the editor and click "Add to Chart" to apply the indicator. Configuring Settings: Supertrend Parameters: Adjust the ATR period and multiplier to suit your trading style and the asset's volatility. MA Filter Settings: Enable MA Filter: Toggle "Enable MA Filter?" to ON to activate the filter. Select MA Type: Choose from SMA, EMA, SMMA (RMA), WMA, or VWMA. Set MA Length: Define the period for the MA calculation. MA Source and Offset: Choose the price source (default is close) and set any desired plot offset. Statistical Tracking: Trimmed Mean Percentage: Set the percentage to trim outliers in mean calculations. Show Cross Markers: Toggle to display or hide markers on the first and last candles of bullish and bearish moves. Table Customization: Table Text Color: Select your preferred text color for the statistics table to match your chart's theme or enhance readability. Pinbar Filtering (Optional): Enable Pinbar Filtering: Toggle to refine signals based on pinbar patterns. Set Pinbar Wick Threshold: Adjust the threshold to define the characteristics of a valid pinbar. Interpreting the Indicators: Buy/Sell Signals: Look for labeled "BUY" and "SELL" signals on the chart that align with Supertrend reversals and MA conditions. Statistics Table: Refer to the table located at the bottom right of the chart to assess: Bullish/Bearish Averages: Average price movements following signals. Counts: Total number of bullish and bearish signals. Success Rates (%): Percentage of signals that resulted in profitable trades. Candle Averages: Average duration of bullish and bearish moves in terms of candle counts. Markers and Highlighter: Utilize visual markers and shaded trend areas to better understand market trends and the context of each signal. Making Informed Decisions: Assess Signal Performance: Use the success rates and averages to evaluate the effectiveness of your current settings and make necessary adjustments. Adjust Parameters: Modify Supertrend and MA parameters based on observed performance and changing market conditions to optimize signal accuracy. Combine with Other Analysis: Integrate insights from this indicator with other technical analysis tools and fundamental factors to form a holistic trading strategy. Conclusion: The Supertrend with Probabilistic Stats and MA Filter indicator offers a powerful combination of trend detection, signal filtering, and statistical analysis. By providing detailed performance metrics and ensuring that trades align with the broader market trend, this indicator empowers traders to make more informed, data-driven decisions. Whether you're a novice seeking clarity or an experienced trader aiming to refine your strategy, this tool serves as a valuable asset in your trading toolkit. If you have any further questions or require additional customizations, feel free to reach out!
Pine Script® indicator
by Max-Algo
1
Market Structure Algo V2 [OmegaTools]The Market Structure Algo V2 (MS Algo V2) is an advanced TradingView indicator developed by OmegaTools to provide traders with a comprehensive analysis of market structure. This tool refines the insights provided by its predecessor, combining enhanced pivot point analysis, dynamic market structure scoring, and zone visualization to deliver an intuitive view of potential market movements. Through custom settings, the MS Algo V2 allows users to tailor the indicator to fit their trading strategies more closely, offering enhanced adaptability to both short-term and long-term trends. Core Functionality The MS Algo V2 differentiates between internal and external market structures by analyzing pivot highs and lows over user-defined periods. The internal market structure focuses on shorter timeframes, providing insights into recent price action, while the external structure considers broader trends. This dual-layered approach helps traders distinguish between immediate and overarching market trends. The indicator introduces improved visualization for areas of interest or zones around pivot points, adjustable through zone distance settings. These zones serve as potential support and resistance areas, helping traders anticipate price reactions at key levels. In addition to the zones, the indicator now provides gradient-based color coding on bars, reflecting the market structure’s bullish or bearish intensity. This visual enhancement aids in quickly interpreting the current trend's strength. Dynamic signal generation has been refined in MS Algo V2. The indicator now offers both classic signals and breakout signals based on the market structure, including entries, exits, and change-of-character (CHoCH) alerts. Signals are generated based on price interactions with pivot levels, indicating potential long and short opportunities. Operational Mechanism The MS Algo V2 calculates pivot highs and lows over specified periods to define internal and external market structures. A market structure score is derived from these pivot points, classifying the market into bullish or bearish extremes. Signals are generated as the closing price interacts with these levels, marking entry and exit points based on the calculated structure. A new feature in this version is zone visualization, where zones are plotted around a dynamic moving average derived from the exponential and simple moving averages (EMA and SMA). The zones are adjusted based on ATR (Average True Range) and the specified zone distance percentile, providing a clear visual representation of potential support and resistance regions. The external and internal zones are represented with different levels of transparency for quick reference. Usage Guidelines To apply the MS Algo V2 to your TradingView charts, adjust the internal and external market structure settings to match your preferred analysis timeframes. The line style and width of each structure can also be customized for a tailored view. The Zone Distance setting allows users to define the percentile range of the zones around the moving average, providing further flexibility in identifying potential areas of support and resistance. For a color-coded overview of market sentiment, the bar gradient feature can be enabled. This option uses a gradient that reflects the bullish or bearish intensity of the market structure, giving traders a visual cue on the market’s overall trend. Color-coded signals and zone fill areas further assist in interpreting the current market structure and identifying potential trade areas. The indicator includes customizable alerts for long and short signals, as well as specific breakout alerts (BOS) and change-of-character (CHoCH) signals. These alerts can help traders stay informed about significant market structure changes, supporting timely trading decisions. Understanding the Indicator’s Originality The MS Algo V2 stands out due to its robust integration of pivot analysis, zone visualization, and market structure scoring, offering a unique perspective on market dynamics. With features like color-coded signals, bar gradients, and configurable alerts, MS Algo V2 provides an edge in understanding both the current market environment and potential turning points. This indicator’s ability to represent the market’s structure visually makes it a powerful addition to any trader’s toolkit, especially for those seeking a deeper, multi-layered approach to market analysis.
Pine Script® indicator
by OmegaTools
Market Structure MTF"Market Structure MTF" is designed to help traders analyze and visualize market structures across up to three different timeframes. It allows users to customize various parameters such as period length, label size, and colors for different elements. The indicator identifies and tracks key market structure components, such as highs and lows, break of structure, and displays this information directly on the chart. It is also useful when studying Algo Trade concepts. Additionally, it includes a table summarizing trends and providing the efficiency of the latest market data for each timeframe. Recommended Settings If you're new to this indicator, it's recommended to start with a single timeframe to become familiar with its functionality. Once comfortable, you can use the following timeframes: Base Timeframe : 15 minutes Secondary Timeframe : 1 hour Tertiary Timeframe : 4 hours Another example setup could be: Base Timeframe : 1 hour Secondary Timeframe : 4 hours Tertiary Timeframe : 1 day Important Notes Multiples of Base Timeframe : Ensure that the secondary and tertiary timeframes are multiples of the base timeframe. This ensures consistency and accuracy in analysis. Display Order : It is recommended to display the timeframes in the correct order, with the current timeframe displayed on top of the previous ones. Customization : You can customize the period length, label size, shapes, and colors to match your preferences. Market Structure Elements : The indicator tracks key market structure elements such as highs and lows, which are crucial for understanding market trends and potential reversal points. Trend Summary Table : The included table summarizes trends and provides an overview of the latest market data, helping you make informed trading decisions. The "Efficiency" column shows whether the latest structure is IPA (Inefficient Price Action) or EPA (Efficient Price Action).
Pine Script® indicator
by yopkool
25