Rails v2Centered around a Variable Moving Average (Rail Line). The Variable Moving Average (VMA) is a study that uses an Exponential Moving Average being able to automatically adjust its smoothing factor according to the market volatility.
In addition to the Rail Line or VMA, the indicator makes use of Bollinger Bands in two ways. First, it displays when the Bollinger Bands are in a squeeze and the potential direction of the breakout. The "squeeze" is the central concept of Bollinger Bands. When the bands come close together, constricting the moving average, it is called a squeeze. A squeeze signals a period of low volatility and is considered by traders to be a potential sign of future increased volatility and possible trading opportunities. The Bollinger Bands are also utilized to highlight when price action might reverse. This signals when price closes outside of the bands, quickly reverts and closes within the bands
The indicator makes use of the Hull Moving Average as a method to quickly capture price action moves thanks to its ability to eliminate lag while managing to improve smoothing at the same time.
Finally, the indicator utilizes Volume Point of Control (VPOC) to determine points in price where the highest amount of volume was traded. Unlike the market profile, the indicator will plot the Volume POC per candle. The script will also plot Trapped Volume. This is important as it tends to serve a signal for reversal. The more price moves away from the trapped volume, Long/Short traders might be forced to cover and price could quickly move away from the area.
DEFAULT SIGNALS: All signals can be turned Off/On by user
Dots = Short Term Trend
Rails Bar Color = Medium Term Trend
Rail Line (VMA) = Long Term Trend
Crossover of Moving Averages = X
Volume Pulse = Large Up/Down Triangle
Potential Bullish Reversal = Light Blue Candle
Potential Bearish Reversal = Pink Candle
Potential Reversal Confirmation = Orange Candle
Squeeze = Shaded White Cloud
Potential Breakout Direction = Small Golden Triangle
Hull Moving Average = Thin Golden Line
Volume POC = Thin Horizontal White Line on Candle
Volume Threshold POC = Thin Horizontal Yellow Line on Candle
Trapped Volume POC = Thin Horizontal Red Line on Candle
Search in scripts for "reversal"
MATHR3E FLOW DASHBOARD█ OVERVIEW
MATHR3E Flow Dashboard is a market timing tool which aims to anticipate trend reversals and highlight potential low risk entries.
█ CONCEPTS
Disclaimer:
MATHR3E Flow Dashboard indicator is intended for advanced traders and may fit your profile, whether you are a day trader or a long-term investor.
It was originally developed by a renowned market analyst and documented in numerous books. Among them is the author Jason Perl.
It is recommended to have read the trading techniques mentioned in the books covering this indicator beforehand.
How to use:
Fibonacci Flow is a very complex tool, the purpose is not to detail it here but rather to introduce it briefly.
For a complete understanding, it is strongly recommended to read the books mentioned in the disclaimer section.
This indicator has two main components:
1 — The Prelude, which relies on momentum to define price ranges.
From a Price Reversal there must be nine consecutive closes;
each one less/greater than the corresponding close four bars earlier.
Preludes are numbered from 1 to 9. A complete Prelude occurs on bar 9.
It can be: Sharped / Flawed / Ignored / Extended
Cross over parameter can also evaluate the slowdown in a price trend's intensity and qualify the inception of Flow
2 — The Flow, which comes into play once the Prelude is complete.
They are trend based, and look for low-risk opportunities to fade established directional moves.
Flows are counts numbered from 1 to 13. There are 3 of them:
• SEQ: compares the current close with the low/high two bars earlier
• AGG: compares the current low/high with the low/high two bars earlier
• CMB: complex set of comparison with 2 available methods (not detailed here)
To handle the large amount of data to be displayed, they have been distributed over two indicators.
This indicator therefore works in pair with its companion: MATHR3E Flow Extension.
The distribution of the display is as follows:
Current indicator:
• Prelude points
• Markers for Extension preludes (E)
• Prelude Risk lines
• Flow Risk lines
• Prelude Trend Support and resistance
• Dashboard for supervision of ongoing counts
Companion indicator:
• Flow points
• Markers for Flows cancelation (X)
• Exhaustions points for:
• SEQ: up to 13 (Identify trend fading)
• AGG: up to 13 (For higher trading frequency)
• CMB: up to 13 (Identify prospective turning points following an abrupt price movement)
█ FEATURES & BENEFITS
Fibonacci Sequence
The number 13 is part of the Fibonacci sequence which is nature’s numbering system.
Exhaustion points
Potential exhaustion points emerge whenever the individual flows reach Fibonacci number 13.
These points may help traders to identify low-risk buy or sell opportunities.
Risk Lines
Once the trader has selected an entry point, the displayed risk lines should encourage the trader to remain disciplined and apply proper money management.
Position sizing remains the responsibility of the trader.
Available risk lines:
• buy/sell Preludes
• buy/sell Flows
Nested Flows
The indicator can track up to three nested Flows.
Renewing
During the path to reach point number 13, it is very common to trigger other Prelude in the same direction as the previously initiated trend.
MATHR3E Flow will address these potential market renewal with multiples options:
• Prelude range qualifiers
• Renewal Multiplier
Dashboard:
The dashboard makes it easier to monitor multiple buy and sell signals at the same time:
• Prelude: (P from 1 to 9) / Compares the current close with the corresponding close four bars earlier
• SEQ: (S from 1 to 13) / Compares the current close with the low/high two bars earlier
• AGG: (A from 1 to 13) / Compares the current low/high with the low/high two bars earlier
• CMB: (C from 1 to 13) / Requires four conditions to be satisfied simultaneously
Dashboard also provides the possibility to monitor up to 3 levels of flows
Alerts
The indicator also provides programmable alerts whose format can be adapted to be received on Discord servers
Configure your alerts and get notified on:
• Trend changes
• BUY or SELL P9
• BUY or SELL S13
• BUY or SELL A13
• BUY or SELL C13
MATHR3E FLOW█ OVERVIEW
MATHR3E Flow is a market timing tool which aims to anticipate trend reversals and highlight potential low risk entries.
█ CONCEPTS
Disclaimer:
MATHR3E Flow indicator is intended for advanced traders and may fit your profile, whether you are a day trader or a long-term investor.
It was originally developed by a renowned market analyst and documented in numerous books. Among them is the author Jason Perl.
It is recommended to have read the trading techniques mentioned in the books covering this indicator beforehand.
How to use:
Fibonacci Flow is a very complex tool, the purpose is not to detail it here but rather to introduce it briefly.
For a complete understanding, it is strongly recommended to read the books mentioned in the disclaimer section.
This indicator has two main components:
1 — The Prelude, which relies on momentum to define price ranges.
From a Price Reversal there must be nine consecutive closes;
each one less/greater than the corresponding close four bars earlier.
Preludes are numbered from 1 to 9. A complete Prelude occurs on bar 9.
It can be: Sharped / Flawed / Ignored / Extended
Cross over parameter can also evaluate the slowdown in a price trend's intensity and qualify the inception of Flow
2 — The Flow, which comes into play once the Prelude is complete.
They are trend based, and look for low-risk opportunities to fade established directional moves.
Flows are counts numbered from 1 to 13. There are 3 of them:
• SEQ: compares the current close with the low/high two bars earlier
• AGG: compares the current low/high with the low/high two bars earlier
• CMB: complex set of comparison with 2 available methods (not detailed here)
To handle the large amount of data to be displayed, they have been distributed over two indicators.
This indicator therefore works in pair with its companion: MATHR3E Flow Extension Dashboard.
The distribution of the display is as follows:
Current indicator:
• Flow points
• Markers for Flows cancelation (X)
• Exhaustions points for:
• SEQ: up to 13 (Identify trend fading)
• AGG: up to 13 (For higher trading frequency)
• CMB: up to 13 (Identify prospective turning points following an abrupt price movement)
Companion indicator:
• Prelude points
• Markers for Extension preludes (E)
• Prelude Risk lines
• Flow Risk lines
• Prelude Trend Support and resistance
• Dashboard for supervision of ongoing counts
█ FEATURES & BENEFITS
Fibonacci Sequence
The number 13 is part of the Fibonacci sequence which is nature’s numbering system.
Exhaustion points
Potential exhaustion points emerge whenever the individual flows reach Fibonacci number 13.
These points may help traders to identify low-risk buy or sell opportunities.
Risk Lines
Once the trader has selected an entry point, the displayed risk lines should encourage the trader to remain disciplined and apply proper money management.
Position sizing remains the responsibility of the trader.
Available risk lines:
• buy/sell Preludes
• buy/sell Flows
Nested Flows
The indicator can track up to three nested Flows.
Renewing
During the path to reach point number 13, it is very common to trigger other Prelude in the same direction as the previously initiated trend.
MATHR3E Flow will address these potential market renewal with multiples options:
• Prelude range qualifiers
• Renewal Multiplier
Alerts
Its Companion indicator also provides programmable alerts whose format can be adapted to be received on Discord servers
Configure your alerts and get notified on:
• Trend changes
• BUY or SELL P9
• BUY or SELL S13
• BUY or SELL A13
• BUY or SELL C13
Musashi_Fractal_Dimension === Musashi-Fractal-Dimension ===
This tool is part of my research on the fractal nature of the markets and understanding the relation between fractal dimension and chaos theory.
To take full advantage of this indicator, you need to incorporate some principles and concepts:
- Traditional Technical Analysis is linear and Euclidean, which makes very difficult its modeling.
- Linear techniques cannot quantify non-linear behavior
- Is it possible to measure accurately a wave or the surface of a mountain with a simple ruler?
- Fractals quantify what Euclidean Geometry can’t, they measure chaos, as they identify order in apparent randomness.
- Remember: Chaos is order disguised as randomness.
- Chaos is the study of unstable aperiodic behavior in deterministic non-linear dynamic systems
- Order and randomness can coexist, allowing predictability.
- There is a reason why Fractal Dimension was invented, we had no way of measuring fractal-based structures.
- Benoit Mandelbrot used to explain it by asking: How do we measure the coast of Great Britain?
- An easy way of getting the need of a dimension in between is looking at the Koch snowflake.
- Market prices tend to seek natural levels of ranges of balance. These levels can be described as attractors and are determinant.
Fractal Dimension Index ('FDI')
Determines the persistence or anti-persistence of a market.
- A persistent market follows a market trend. An anti-persistent market results in substantial volatility around the trend (with a low r2), and is more vulnerable to price reversals
- An easy way to see this is to think that fractal dimension measures what is in between mainstream dimensions. These are:
- One dimension: a line
- Two dimensions: a square
- Three dimensions: a cube.
--> This will hint you that at certain moment, if the market has a Fractal Dimension of 1.25 (which is low), the market is behaving more “line-like”, while if the market has a high Fractal Dimension, it could be interpreted as “square-like”.
- 'FDI' is trend agnostic, which means that doesn't consider trend. This makes it super useful as gives you clean information about the market without trying to include trend stuff.
Question: If we have a game where you must choose between two options.
1. a horizontal line
2. a vertical line.
Each iteration a Horizontal Line or a Square will appear as continuation of a figure. If it that iteration shows a square and you bet vertical you win, same as if it is horizontal and it is a line.
- Wouldn’t be useful to know that Fractal dimension is 1.8? This will hint square. In the markets you can use 'FD' to filter mean-reversal signals like Bollinger bands, stochastics, Regular RSI divergences, etc.
- Wouldn’t be useful to know that Fractal dimension is 1.2? This will hint Line. In the markets you can use 'FD' to confirm trend following strategies like Moving averages, MACD, Hidden RSI divergences.
Calculation method:
Fractal dimension is obtained from the ‘hurst exponent’.
'FDI' = 2 - 'Hurst Exponent'
Musashi version of the Classic 'OG' Fractal Dimension Index ('FDI')
- By default, you get 3 fast 'FDI's (11,12,13) + 1 Slow 'FDI' (21), their interaction gives useful information.
- Fast 'FDI' cross will give you gray or red dots while Slow 'FDI' cross with the slowest of the fast 'FDI's will give white and orange dots. This are great to early spot trend beginnings or trend ends.
- A baseline (purple) is also provided, this is calculated using a 21 period Bollinger bands with 1.618 'SD', once calculated, you just take midpoint, this is the 'TDI's (Traders Dynamic Index) way. The indicator will print purple dots when Slow 'FDI' and baseline crosses, I see them as Short-Term cycle changes.
- Negative slope 'FDI' means trending asset.
- Positive most of the times hints correction, but if it got overextended it might hint a rocket-shot.
TDI Ranges:
- 'FDI' between 1.0≤ 'FDI' ≤1.4 will confirm trend following continuation signals.
- 'FDI' between 1.6≥ 'FDI' ≥2.0 will confirm reversal signals.
- 'FDI' == 1.5 hints a random unpredictable market.
Fractal Attractors
- As you must know, fractals tend orbit certain spots, this are named Attractors, this happens with any fractal behavior. The market of course also shows them, in form of Support & Resistance, Supply Demand, etc. It’s obvious they are there, but now we understand that they’re not linear, as the market is fractal, so simple trendline might not be the best tool to model this.
- I’ve noticed that when the Musashi version of the 'FDI' indicator start making a cluster of multicolor dots, this end up being an attractor, I tend to draw a rectangle as that area as price tend to come back (I still researching here).
Extra useful stuff
- Momentum / speed: Included by checking RSI Study in the indicator properties. This will add two RSI’s (9 and a 7 periods) plus a baseline calculated same way as explained for 'FDI'. This gives accurate short-term trends. It also includes RSI divergences (regular and hidden), deactivate with a simple check in the RSI section of the properties.
- BBWP (Bollinger Bands with Percentile): Efficient way of visualizing volatility as the percentile of Bollinger bands expansion. This line varies color from Iced blue when low volatility and magma red when high. By default, comes with the High vols deactivated for better view of 'FDI' and RSI while all studies are included. DDWP is trend agnostic, just like 'FDI', which make it very clean at providing information.
- Ultra Slow 'FDI': I noticed that while using BBWP and RSI, the indicator gets overcrowded, so there is the possibility of adding only one 'FDI' + its baseline.
Final Note: I’ve shown you few ways of using this indicator, please backtest before using in real trading. As you know trading is more about risk and trade management than the strategy used. This still a work in progress, I really hope you find value out of it. I use it combination with a tool named “Musashi_Katana” (also found in TradingView).
Best!
Musashi
CFB-Adaptive Trend Cipher Candles [Loxx]CFB-Adaptive Trend Cipher Candles is a candle coloring indicator that shows both trend and trend exhaustion using Composite Fractal Behavior price trend analysis. To do this, we first calculate the dynamic period outputs from the CFB algorithm and then we injection those period inputs into a correlation function that correlates price input price to the candle index. The closer the correlation is to 1, the lighter the green color until the color turns yellow, sometimes, indicating upward price exhaustion. The closer the correlation is to -1, the lighter the red color until it reaches Fuchsia color indicating downward price exhaustion. Green means uptrend, red means downtrend, yellow means reversal from uptrend to downtrend, fuchsia means reversal from downtrend to uptrend.
What is Composite Fractal Behavior ( CFB )?
All around you mechanisms adjust themselves to their environment. From simple thermostats that react to air temperature to computer chips in modern cars that respond to changes in engine temperature, r.p.m.'s, torque, and throttle position. It was only a matter of time before fast desktop computers applied the mathematics of self-adjustment to systems that trade the financial markets.
Unlike basic systems with fixed formulas, an adaptive system adjusts its own equations. For example, start with a basic channel breakout system that uses the highest closing price of the last N bars as a threshold for detecting breakouts on the up side. An adaptive and improved version of this system would adjust N according to market conditions, such as momentum, price volatility or acceleration.
Since many systems are based directly or indirectly on cycles, another useful measure of market condition is the periodic length of a price chart's dominant cycle, (DC), that cycle with the greatest influence on price action.
The utility of this new DC measure was noted by author Murray Ruggiero in the January '96 issue of Futures Magazine. In it. Mr. Ruggiero used it to adaptive adjust the value of N in a channel breakout system. He then simulated trading 15 years of D-Mark futures in order to compare its performance to a similar system that had a fixed optimal value of N. The adaptive version produced 20% more profit!
This DC index utilized the popular MESA algorithm (a formulation by John Ehlers adapted from Burg's maximum entropy algorithm, MEM). Unfortunately, the DC approach is problematic when the market has no real dominant cycle momentum, because the mathematics will produce a value whether or not one actually exists! Therefore, we developed a proprietary indicator that does not presuppose the presence of market cycles. It's called CFB (Composite Fractal Behavior) and it works well whether or not the market is cyclic.
CFB examines price action for a particular fractal pattern, categorizes them by size, and then outputs a composite fractal size index. This index is smooth, timely and accurate
Essentially, CFB reveals the length of the market's trending action time frame. Long trending activity produces a large CFB index and short choppy action produces a small index value. Investors have found many applications for CFB which involve scaling other existing technical indicators adaptively, on a bar-to-bar basis.
Included
Loxx's Expanded Source Types
Related indicators:
Adaptive Trend Cipher loxx]
Dynamic Zones Polychromatic Momentum Candles
RSI Precision Trend Candles
Volume Spread IndicatorVolume Spread Indicator is based on my understanding of Volume Spread Analysis (VSA). VSA is the third approach for analyzing the price of a stock, forex or cryptocurrency. VSA looks for the difference between supply and demand that are created by a professional trader, institutional players which are called Smart Money.
This Indicator shows SV(Stopping Volume), NS (No Supply), ND (No Demand), -RC( Reverse Candle). Stopping volume and No supply appearing at key support level indicates Bullish Reversal. -RC and ND appearing at key resistance level indicate Bearish Reversal. This indicator can be used as Bottom and Top.
This Indicator can be used effectively with the combination of AutoFibe indicator, Scalping sell and buy Indicator.
Stopping Volume is shown as SV
No Demand is shown as a triangle down (Red)
No Supply is shown as a triangle up (Green)
Reverse Candle is shown as -RC
Anchored OBV RSI: "V-RSI" About the Indicator:
V-RSI uses values from the traditional "Relative Strength Index(RSI)" oscillator and the "On Balance Volume(OBV)" indicator and anchors them into an oscillator format. In doing so, we are given a more concrete overview of volume/sentiment data relative to the RSI for analysis of trend strength and decision making.
EXTRAS: BTC MODE => for BTC only.
In BTC MODE, the indicator uses BTC volume data from the following 5 major exchanges: BINANCE, COINBASE, FTX, BITMEX, BITFINEX.
The sum of this data is taken to depict anchored OBV values. This allows for a more accurate representation of Global Volume.
How to use it
The indicator can be used like the normal RSI with the OBV (area in the middle) showing volume sentiment.
<50 is seen as bearish
>50 is seen as bullish
Using this data, it becomes easier to identify unsustainable trends, reversals, divergences
An example of an unsustainable trend and reversal would be if RSI values are overbought ( RSI > 70) yet OBV oscillator remains below 50.
== chances of unsustainable trend reversal are more likely.
For more questions, send me a message here on Tradingview.
Happy trading,
MM :)
RSI Effective Volume Reversal IndicatorAbout The Indicator
I want to start with a few short paragraphs of how this indicator came to be and why it's different than 80% of the indicators on this platform. If you are just interested in how the indicator works, you can skip the story, although I recommend at least skimming through it.
Originally, this indicator was developed to be part of a trend-trading strategy that analyzed the three main components - Price , Volume and Strength . It was broken down to 2 indicators - on-chart and off-chart, similarly to my first premium indicator "Trend Indicator for Directional Trading". Despite the similar concept, the current one is miles ahead in almost any regard.
As most of you know, strategies (especially the really good ones) are fairly more complex to use and navigate. You need to input the parameters for generating and tweaking the indicator, then you need to enter your risk management parameters like stop loss, position size, etc. and finally you need to set the exit criteria, like specified percent target, trial stop or an indicator condition. So, what was supposed to be a simple strategy that anyone can use and make money with, turned out to be a very complex one with over 20 parameters to tweak. I know from experience that when it comes to trading, less is more. This is especially true for the indicators.
As a result, I decided to split the project into two separate strategies - one for trend/directional trading and one for volume and strength (the one you are looking at right now). The problem was that as a standalone strategy it didn't perform all that well. And it shouldn't come as a surprise to anyone who has been trading long enough - divergences are one of the biggest tricksters there are - easy to identify only in hindsight. They are the new-trader's doom. I lost a decent amount of money chasing tops and bottoms through divergences and for that reason it's always been somewhat a goal of mine to create an indicator that can assist in this conquest (call it a personal vendetta). This indicator comes as close as I've ever been to this goal.
Right, but I just said a few lines above that this indicator doesn't work that well for divergences? That's true, but only if you completely automate it and let it buy every bullish and sell every bearish divergence. I have extensively tested it on the securities I actively trade (SPX500, Crude Oil, Gas, Gold, Copper) and with the right settings it does generate positive return (what strategy wouldn't with enough optimization, right?), but I would have made so much more money if I didn't fight the trend.
So, I decided to do something else - convert the strategy back to an indicator and use it for discretional trading in which it assists (not explicitly tell) me in making the decisions. And oh boy, did I hit the sweet spot there! It has been notoriously difficult for most scripts and indicators to identify proper support and resistance levels or at least not nearly as good as the human eye can do. This is especially the case with ascending and descending channels. Seeing how well it worked in helping me open longs and shorts at key levels, I decided to strip it from all unnecessary features and simplify the interface for easier navigation (about 300 lines of code less). This brings me to my next point.
How Does It Work?
The indicator relies on two main components in order to identify reversals - RSI module and Effective Volume module, hence the name RSI Effective Volume Reversal Indicator (not very creative, I know). You select which one you want to display via the dropdown menu. Now let me outline how each one works.
RSI module (top) - similarly to the traditional RSI, it is bound between 0 and 100. Oversold area is marked in green (15-25) and overbought area is marked in red (75-85). You can change those as you please, but I found those to be the perfect spots for identifying potential opportunities. This is where the similarities end. As you've noticed, it's not nearly as choppy as the traditional RSI, just the opposite - it's rather smooth, resembling Heikin-Ashi candles. Further, the way the candle is formed can indicate if we are approaching a top or bottom and if you should be looking for an opportunity to open a trade against the trend. Believe it or not, I've been developing and using this indicator for the past 6 months, so there's a lot to be said about the formation of those candles with clear examples, but I will leave those for the guide book that comes along with each purchase/subscription.
Effective Volume (bottom) - As I already have developed quite an extensive indicator that utilizes the effective volume profile, I just grabbed certain elements from it, simplified it and smoothed it via a new custom-made moving average along with some other minor updates. The results from RSI and Effective Volume may seem quite similar, but they actually reveal slightly different information and can be used to complement each other. In terms of coloring - green gradient above 50 and red gradient below 50.
What To Expect
It's important to understand that technical analysis does not predict prices. I am not claiming this indicator to be the crystal ball that will tell you when to long or short with max leverage. All I am saying is that it's a pretty good tool to help you time your trades, show real exhaustion of trends and reveal when a new direction is forming.
This indicator has been, and most likely will continue to be, work in progress. I've been experimenting with tons of features to make it better for the past 6 months and I finally believe it is stable and beneficial enough in order for you to use it. There's always something more that I would like to add and/or change, but I know that if I continue digging and improving, the indicator would have never seen the light of day. That's why I want to add the critical component to it - you. Through your feedback and recommendations, I believe we can make this indicator truly a masterpiece.
With that being said, I do have some future improvements planned, which I will be releasing on the go. Some are major, like updating it to v.5 and adding new features that are only available to the newest version of PineScript, while others are minor, such as color variations and more one-click customizations.
I hope I managed to portray an objective picture (with reasonable amount of words) of something that I've put a lot of work into, so that you can successfully use and make even more money on the markets. Once again, each purchase/subscription of this indicator comes with a guide in which I go into great detail explaining how to use the indicator, so rest assured that you will be able to take full advantage of it.
%R Trend Exhaustion [upslidedown]I love Williams %R! This indicator mixes two %R periods... a standard %R with a longer period %R. The longer period of 112 has interesting results for trend following strategies in the crypto market through backtesting.
Alone these are fairly ordinary but together they provide a very interesting trend exhaustion/reversal system while filtering out some noise. I have highlighted key areas of interest with filled boxes. An "area of interest" is when there is confluence between the short and long period %R values along with being overbought or oversold. Once there is a break in the overbought or oversold trend, an arrow will print.
This is one of my odder ideas that appears to have some merit and detects interesting tops or bottoms (or confirms a trend reversal) so I'm publicly publishing for the community to find. If you find this useful please reach out and let me know how you use it as it's fairly unique... and thus different than anything I've ever seen or used.
Elder's Force Index Color BarBased on the Elder's Force Index (EFI) , +/- of the EFI and its ema is used to describe the rise, fall or possible reversal of the market, and finally shown by bar color.
The green bar represents a strong bull and the red bar represents a strong bear;
The blue bar indicates that the downtrend is exhausted and may rise. Likewise the yellow bar.
Of course, it is difficult to buy the bottom and sell the top at any time. This indicator needs to be judged together with the pattern or other indicators that predict reversals in order to increase the win rate.
Happy Trading.
根据Elder's Force Index修改而成，取消了幅图指标，仅用bar color来表现上涨，下跌和转折。
绿色k线代表上涨动能充足，红色k线表示下跌动能充足；
蓝色k线表示下跌力竭，可能会上涨；
黄色k线表示上涨力竭，可能会下跌。
当然，任何时候抄底摸顶都是困难的，该指标需要和形态或者其他预测反转的指标一起判断才能增加成功率。
祝交易愉快。
緑は上昇トレンドで、赤は下落トレンドです；
青は下落が尽きて上昇する可能性があることを示すことで、黄色は上昇が終わり、下落の可能性があることを示しています。
成功率を高めるためには、パターンや反転を予測する他の指標と合わせて判断する必要があります。
Happy Trading。
Volume Pressure AnalysisVolume Pressure Analysis is a new concept I have been working on designed to show the effort required to move price. An ideal tool for confirming trends or locating reversals early. This indicator can highlight whale action and market manipulation. It calculates volume vs volatility and displays the results as a meter:
Above 0 shows how easy price action is traveling, the bigger these bars the less volume and effort is required to push price. These are indicated with a teal or red arrows and can confirm the beginning or continuation of a trend. This is the natural direction the chart wants to travel at that time.
Below 0 shows how hard price is to move. The bigger these bars the more volume and effort is required to push price. When whales and market makers push price against its will these bars will get bigger.
Yellow arrows signal pressure in that direction and excessive amounts of volume is required to move price. These signals can lead to reversal/ pivot points as price action struggles to continue its trend. These signals can be turned on in settings or use the overlay version of this script to display signals on chart. This is a very powerful tool when used with relative volume.
Institutional OrderBlock Pressure█ OVERVIEW
OrderBlocks are areas where Banks take a Short or Long position. So they create a movement that they would like to hide from us, but luckily for us they cannot. Take the example of Banks opening Short position for x reason. The Trend is already Bearish. The Price will fall and then make a Reversal
(most often to the price where they opened their positions) and it is at this precise moment that they will again resume a Short position twice as
large because for the moment, following this example it is not in their interest that the Price exceeds a certain Price since they are Seller.
As a result they create a solid Resistance (the strongest it is). There are several ways to interpret this logic, we can try to follow the movement of Banks
or on the contrary take advantage of the recovery of the course. Note that not having level 2 and access to the order book from TradingView we can only
make a rough estimate of the "OrderBlocks" through VPOC.
█ HOW TO INTERPRET?
• The Labels displayed by "Red Arrow" and "Green Arrow" represent supposed Bearish or Bullish OrderBlock. Note that you should not in any way interpret these "Arrows" as Signals to Buy or Sell for the reasons mentioned above.
• The OB Line works according to detected OrderBlock Candle. These lines indicate the potential recovery area. (The highlighted lines and candles are white by default).
• It is better to use this indicator on Higher TimeFrame like 2H or 4H.
• You can change the Volume Ratio (here VPOC) which is 89 by default.
• There is a Customization section that allows you to change the colors of the Lines and Candles from White to Black depending on your background color (Light or Dark).
• YES the indicator is Repainting and YES you can have False Alerts since Labels appear in intra-bar!
█ ALERTS
• In fact we don't really need Alerts for the logic of this indicator except maybe to get the Price of the last OB Detected and to keep this price in your Alert History and may use it later. Some improvements will come in future with updates and we have already planned to add Alerts when a "Line Cross" gone occur.
If you notice any bugs or if you have any suggestions, don't be hateful gangs ;)
Happy trading everyone and remember, risk management is the most important!
Peak Profit v2 (Reversal Points & High/Low Waveform)This script includes two different methods of indication.
It includes a High/Low Waveform . It is a technical indicator that is best performed when using a trailing stop, it also works well as a trend line.
Trade with caution however the general idea is to buy when line turns green, and sell when the line turns red.
This can be disabled by clicking the checkmark in the visual settings of the script.
Second Feature is an indicator for Reversal points . These show a price to "enter long" and "take profit"
This part of the script looks for a series of consecutive closes greater than or less four closing price bars to define an underlying uptrend or downtrend.
In general, minor price reversals are associated with the completion of the trend and major market turning points are identified by the completion of a trend of a specific series of bar openings/closes.
As always, this script should not be relied upon alone for your sole indication of buying and selling. Use your own intuition and other indicators along with this one for the best results.
Trend Reversal Indicator (EMA of slopes)Good morning Traders
Inspirated by lukescream EMA-slope strategy, today I want to share with you this simple indicator whose possible use-case would be for detecting in advance possible trend reversals, specially on higher timeframes.
Once that you've chosen the desired source (RSI, EMA or Stochastic k or d), the indicator will calculate its "slope" approximating its first order derivative by the division between the last variation of the series and its last value.
You can see the slope as a white line by enabling the relative checkmark (it's disabled by default since it simply messes up the the graph)
Then, the slope itself becomes the source for two exponential moving averages: the fast one (in blue) has a period of 20 while the slow one (in red, it becomes similiar to a horizontal line actually) has a period of 500
Why the slope? Since all the sources mentioned before are directly or indirectly calculated on the price action, a more aggressiveness in the price movement would be translated into a more (positive/negative) steepness of those indicator (of course this effect would be far more evident if the indicators are calculated on low periods, but really low periods could compromise the consistency of the signals).
In this way, the slope would mirror the decisiveness of price movements and a comparison between two averages calculated from it (the first one based on more recent values, the second one that conisders also older values) could tell you in advance what direction the market is possibly about to take
The usage is simple: once that the fast moving average crosses upward the slow one, this could be a sign of potential trend reversal from bearish to bullish. On the contrary, if the fast EMA crosses downward the slow one, this could be a sign of potential trend reversal from bullish to bearish.
What I suggest you is to integrate this indicator with Exponential Moving Averages plotted on the price candles, in order to have a general bias for opening long or short positions, and with an oscillator as well such as the Stochastisc RSI in order to detect the overbought/oversold zones for opening/closing positions at the right moment.
Happy Trading!
MS ReversalsDisplay of a certain type of reversal bars. Reversal formations have to be considered in market context. Basically downward signals in the uptrend are ignored, unless there is an non-correlated inversion setup. Similarly, upside signals in downtrends are ignored until a bullish reversal setup occurs.
TopBot ReversalsThe TopBot Reversal indicator utilizes exhaustion and historical price levels to draw a possible recent top and bottom level. Using these lines together with other directional indicators such as Stochastic or RSI, we can draw a conclusion to a possible reversal at these levels.
Use the link below to obtain access to this indicator.
FTSXFisher transform & RSX for reversal points in price.
Potential price reversals are regular divergences and potential trend continuations are hidden divergences, OB/OS levels are shown with red and green lines.
HPRPThis is High Probability Reversal Pattern indicator. If there is B at candle then long the stock. If there is S at short the stock.
TakeOff Levels/Zones (Expo)TakeOff Levels/Zones (Expo) automatically identifies and displays support and resistance levels based on momentum.
Levels/Zones are displayed where there is a high probability that price can takeoff. Traders should look for breakouts from the Level/Zone.
If the price doesn't breakouts from the SR level/zone there's a chance that the market has topped or bottomed out.
The indicator can be used standalone or as a part of your current trading strategy.
Real-time
No repainting
Works on any market
HOW TO USE
1. Use the indicator to identify where the price can takeoff.
2. Use the indicator to identify potential breakouts.
3. Use the indicator to identify potential reversal points.
INDICATOR IN ACTION
1 min chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
JD ProgressJD Progress Indicator is a two-part algorithm that is designed for both the 4hr and DAILY chart with unique alerts for each timeframe.
This can be applied to Forex, Stocks, Crypto and Metals
How to use;
4hr - When price crosses the channels and the confirmation indicators at the bottom all align, the trade alerts will be shown on screen.
D1 - When the price crosses the channels (no need to wait for confirmation indicators), the trade alerts will be shown on screen
There are a number of rules baked into the code to try and eliminate as many fake signals as possible.
ATR targets and stop losses are also shown on screen and can be hidden if desired. I'd suggest aiming for 1x ATR target and 1.5 ATR Stop Loss. Use two trades and let the second run with a trailing stop.
This algorithm is essentially a reversal system that uses a number of specifically tested and chosen indicators to identify reversals as early as possible.
When to trade.
4hr - I suggest trading Tues - Thurs when trading the 4hr. Background shading will assist with this.
D1 - Trade 5 days a week.
With both timeframes, wait for the bar to close and place a pending order with a 5 pip gap.
JD Core in action
How to Access
Gain access to JD Progress Confirmations for your TradingView account through our website, links below.
7 day paid trials, subscriptions and lifetime access are all available.
All tiers give you full instructions on how to trade this strategy.
Bollinger Bands Deviation - yo_adriiiiaanBollinger Band Deviations
In theory price trades within 2 standard deviations 95% of the time. This is an attempt to capture that 5% that deviates from the bands.
Useful for taking profit or signaling a reversal.
[VS] ReversalsScript changes the background color and bars colors accordingly to the predicted probability of a trend reversal. A brighter color means higher probability.
Lag-Less Rainbow RibbonThis is my polychromatic "Lag-Less Rainbow Ribbon" indicator using Pine Script version 4.0. I'm sure you may noticed by now, this indicator is truly an astounding rainbow to witness upon encountering it initially. It's jaw dropping beauty is the first of it's kind on TV, but will continue to shine here, or on your chart, so long as TV exists. This one isn't disappearing into non-existence any time soon.
It's extremely easy to use having only one input() to control the entire ribbon and it's lag. I couldn't make it any simpler to use, and that's one unique yet powerful feature of this elegant indicator. Another unique characteristic of deploying this in rainbow fashion is it provides very clear indications of when and where a significant reversal has occurred. Afterwards, trend direction following a large reversal is quickly established.
This script uses all 64 of the available plottable series TV will allow currently, so adding features to it may be impossible in the future. Yet the cloud handles it with ease and speed I have never encountered in a ribbon indicator before. The Pine Script in this indicator is highly optimized, coming in at a light weight 120+ lines of code, probably contributing to it's efficiency.
Lastly, with this flagship indicator, I included a multi-color "neon source" line to view close, hl2, etc... Any one of the two indicators may actually be enabled/disabled independently.
In the demonstration chart, you will witness the other color schemes available. I provided multiple color schemes for those of you who may have color blindness vision impairments. You may contact me in private, if these color schemes are not suitable for your diagnosed visual impairment, and you wish to contribute to seeing the color schemes improved along with other future indicators I shall release.
I.P.O.C.S.: "Initial Public Offering Clean Start" proprietary technology. Firstly, many of my other indicators already possess this capability. It allows suitable plotting from day one, minute one of IPO, remedying visually delayed signal analysis. It's basically accurate plotting from the very first bar (bar_index==0) on Tradingview. If you don't know what this is, most people don't, go back to the VERY beginning of any stock on the "All" chart and compare it to other similar indicators. What's so special about this? It is extremely difficult to get a healthy plot from bar_index==0 on any platform. However, I have become exceedingly talented performing this feat in most cases, but not all depending on the algorithm. This indicator is a successful accomplishment implementing IPOCS. It's inherent value is predominantly for IPO traders who in the past have had to wait 20, 50, and 150 bars before they obtain a precise indicator measurement for the simplest of algorithms in order to make a properly informed decision to potentially invest in an asset. How is this achieved? It's a highly protected secret of mine... but I will say I rarely use Pine built-in functions at all. When I do, I use them scarcely due to currently existing Pine language limitations.
Features List Includes:
I.P.O.C.S.(Initial Public Offering Clean Start) Technology
Enable/disable dark background for enhanced visibility
One "Lag Factor" adjustment to adjust them all
Color schemes
"Transparency" control
Independent "Source" options
This is not a freely available indicator, FYI. To witness my Pine poetry in action, properly negotiated requests for unlimited access, per indicator, may ONLY be obtained by direct contact with me using TV's "Private Chats" or by "Message" hidden in my member name above. The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section if you do have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I will implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
Engulfing + MACD/MACD ZL + MAHi everyone
This is a simple algorithm that I used on timeframe > m30 to detect strong reversal signals based on :
- Engulfing pattern
- MACD ZL 12, 26, 9
- Price vs SMA 7
Last two parameters are optional but gives more security. Otherwise, waiting for confirmation gives later entry.
Up to you to find the right balance between too much security (and taking the trade too late) and not enough confirmation (taking the trade too early and it will go the opposite way)
I recommend the novice traders (less than 2 years trading), to stick with the 3 parameters above .
It's to be used after a strong moment and as we're talking about reversals, I mean trade against the current trend.
Meaning they're more risky, so... you know the drill :) :
- Tight SL
- Protect the position quickly when going in the way you want
- Don't aim for very high TP. Have a few laddered obviously in any case
- Use a trailing stop to protect your gains
Hope you'll like it
Enjoy
Dave
