Structure High LowsThis indicator identifies and tracks swing highs and lows in any market and timeframe, plotting them as solid lines on a chart. It offers customizable line features and can follow rules to update highs and lows based on bullish or bearish conditions.
In bullish ranges, the indicator updates the high until a swing high forms, while in bearish ranges, it updates the low until a swing low forms. These swings determine the final high or low. The indicator's unique approach incorporates market structure insights to potentially identify price movement trends and validate strategies across timeframes.
In bearish conditions, the indicator updates the low until a swing low forms, while the high adjusts when a candle's body surpasses the prior high. Swing highs entail lower highs on both sides, and swing lows involve higher lows. This indicator's innovation lies in its use of market structure to track price movement and validate trend strategies across timeframes.
Фрактал
Brake Of Structure (BOS) By GadatasThis indicator is designed to identify and track swing highs and lows in a given market on any timeframe. It plots these swing highs and lows as solid lines on the chart. The indicator allows for customization of the line color and width and using another timeframe.
The indicator follows specific rules to determine when a new high or low is created. If the current range is considered bullish (meaning the most recent breakout was to the topside), the indicator will only update the low if a candle's body falls below the current low. However, if the current range is bearish (most recent breakout to the downside), the indicator will only update the high if a candle's body rises above the current high.
When a range is identified as bullish, the indicator will continue updating the high until a swing high is formed, denoting the high of the range. The high will only change if a candle's body surpasses the previous high. The low, on the other hand, will be updated based on the last time a candle's body falls below a previous candle's low. The lowest low after this condition is met will be assigned as the low of the range.
Conversely, when a range is identified as bearish, the indicator will continue updating the low until a swing low is formed, denoting the low of the range. The low will only change if a candle's body falls below the previous low. The high, in this case, will be updated based on the last time a candle's body rises above a previous candle's high. The highest high after this condition is met will be assigned as the high of the range.
Swing highs are determined by having lower highs to the left and right, while swing lows have higher lows to the left and right. These swings are used to determine the final high or low of a bullish or bearish range, respectively.
Tis Indicator differs from other indicators by incorporating this concept to track market structure. The indicator assumes that significant market players sell before making heavy purchases in bullish ranges and buy before selling heavily in bearish ranges. The lines on the chart represent prior highs and lows, as well as the current updated highs and lows based on this theory. By using this indicator, one can gain insights into the structure of price movement and potentially identify bullish or bearish continuations. It can also provide confluence when analyzing multiple timeframes to validate trend-following strategies.
SHAHRAM - Money Management This indiator will help you to calculate your position size for managing the risk calculator.
Features :
Click-able Price Entry & SL & TP
calculations works on Forex, CFD, Stock, Futures and Crypto markets.
Usage:
Step 1: Set your entry price
Step 2: Set your stop loss
Step 3: Set your Target
Step 4: Choose the symbol, forex will be automatically detected
Step 5: Fill in your balance and set your risk settings
Parameters
- Set symbol: Forex (auto detection), US100, US30, BTC, XAUUSD, NGAS, XBRUSD, XTIUSD, AUS200, US500, OIL, GOLD, SILVER,...
- Account balance
- Risk in %
- Contract size
- Levels: Stop loss, Entry, Target
- Display settings for the Trading Panel
Trading panel
- Show Live P/L
- Show Risk to reward
- Show lot size
- Show risk in %
- Show account balance
- Show money at risk (no commissions included)
You need change the lot size in Account Setting of this indicator For Gold,Oil... and Other Symbol like as different pip value.
Simply choose your entry level and stop level than target price on the chart and the indicator will calculate your invest size and other documents. You can change your account risk and base currency units in the settings along with changing the scaling of the calculation to adjust the results with the lot sizing units of your broker. This allows the calculator to be used with CFDs, forex, Gold, etc.. Hope it helps in your trading it has been the single most useful tool in my trading as it has helped me always keep my risk locked up and on point that is why I released it.
Copyright BY : @shahramlife
indiator will help you to calculate your position size for managing the risk calculator.
Sessions by JuezFxLines Plotted at the opening price of London, New York, New York Stock Exchange, and Asia. It could also plot lines of the closing price of the session.
The script is just plotting a line at those levels to give us a visual indicator of those specific levels as they could be very beneficial for your trading. Opening and closing of the session hold the most liquidity, attracting the market towards it.
I hope this script will help you in your trading and you can use those levels along with other confluences in order to identify key levels that the market could react from!
There are some similar scripts but this one have more lines to plot at could be identified by different color and line thickness!
Evolution Fractals with IBA standard fractal high has two lower high (or equal high) candles to its left and right.
For standard fractal low fractals this is vice versa.
-But this indicator plots has the option to plot standard fractals only after candle close is confirmed.
So if the current candle is still forming in live markets, only after this candle has fully closed, then the indicator checks if the fractal is valid and then plotted.
You can select this option On or Off
(with the standard fractal indicator there is a fractal plotted, but when this candle high (or low ) is broken again, the fractal disappears. This re-painting of fractals can cause confusion.
-Added an alert functionality.
When setting an alert on your chart, you can select this indicator to alert you upon the forming of a new fractal high or low.
-Added optional Inside Bar function.
When a candle High/Low does not breach the previous candle High/Low, then a different body color can be shown.
This is particular handy to quickly if this high/low is breached, without having to zoom in on the chart.
@tk · fractal rsi levels█ OVERVIEW
This script is an indicator that helps traders to identify the RSI Levels for multiple fractals wherever the current timeframe is. This script was based on RSI Levels, 20-30 & 70-80 by abdomi indicator, that calculates the Relative Strenght Index levels based on the asset's price and plots it into the chart, creating a "wave" style indicator. The core feature of this indicator is the fractal rays, so trader can visualize each of the oversold and overbought levels of multiple timeframe on the current timeframe that he is on. The indicator will plots multiple rays after the chart bars. indicating where is the oversold and overbought levels for others fractals.
█ MOTIVATION
Since the RSI Levels, 20-30 & 70-80 by abdomi indicator helps a lot to identify the possible price levels when the asset is oversold or overbought, I saw myself drawing multiple horizontal lines on these levels in lower timeframes so, in an uptrend or downtrend, I can try to get a pullback of these trends when the asset reaches oversold or overboght levels. So, I get the idea to make those lines visible in multiple timeframes so I don't need to draw it myself manually anymore.
█ CONCEPT
The trading concept to use this indicator is the concept to make entries on uptrend or downtrend pullbacks when the asset price reaches oversold or overbought levels. But this strategy don't works alone. It needs to be aligned together with others indicators like Exponential Moving Averages, Chart Patterns, Support and Resistance, and so on... Even more confluences that you have, bigger are your chances to increase the probability for a successful trade. So, don't use this indicator alone. Compose a trading strategy and use it to improve your analysis.
█ CUSTOMIZATION
This indicator allows the trader to customize the following settings:
GENERAL
Text size
Changes the font size of the labels to improve accessibility.
Type: string
Options: `tiny`, `small`, `normal`, `large`.
Default: `small`
RSI LEVELS · SETTINGS
Pre-oversold Level
Changes the RSI Level to calculate the "pre-oversold" price level on the chart.
Type: int
Min: 1
Max: 49
Default: 33
Pre-overbought Level
Changes the RSI Level to calculate the "pre-overbought" price level on the chart.
Type: int
Min: 51
Max: 100
Default: 67
Show "Pre-over" Levels
Enables / Disables the pre-oversold and pre-overbought levels on the chart.
Type: bool
Default: true
FRACTAL RAYS · SETTINGS
Length
Changes the base length for the RSI calculation.
Type: int
Min: 1
Default: 14
Source
Changes the base source for the RSI calculation.
Type: float
Default: close
FRACTAL RAYS · STYLE
Ray Color
Changes the color of all fractal rays and its label.
Type: color
Default: color.rgb(187, 74, 207)
Ray Style
Changes the style of all fractal rays.
Type: string
Options: `line.style_solid`, `line.style_dashed`, `line.style_dotted`
Default: line.style_dotted
Ray Length
Changes the length of all fractal rays.
Type: int
Default: 15
FRACTAL RAYS · OVERSOLD
Oversold Level
Changes the base RSI Level for fractal rays calculation.
Type: int
Min: 1
Default: 30
Oversold Prefix
Customizes the fractal ray label with a prefix text.
Type: string
Default: 🚀
Oversold Suffix
Customizes the fractal ray label with a suffix text.
Type: string
Default: (empty)
FRACTAL RAYS · OVERBOUGHT
Overbought Level
Changes the base RSI Level for fractal rays calculation.
Type: int
Min: 1
Default: 70
Overbought Prefix
Customizes the fractal ray label with a prefix text.
Type: string
Default: 🐻
Overbought Suffix
Customizes the fractal ray label with a suffix text.
Type: string
Default: (empty)
FRACTAL RAYS · VISIBILITY RULES
These rules are applied for each of fractal rays so, the traders can choose what timeframes they wants to show the fractal rays for each of it. The rule will be applied as the following condition: `if timeframe != CURRENT_TIMEFRAME and timeframe <= CHOSEN_OPTION`. Actually, the fractal rays are on the chart but, isn't visible because it was applied a transparent color, so it is visually not on the chart to prevent chart's over polution.
LABELS
Show Labels on Price Scale
Shows labels on price scale.
Type: bool
Default: false
Show Price on Fractal Rays
Shows the RSI Level price on each of fractal rays respectively.
Type: bool
Default: false
█ EXTERNAL LIBRARIES
This script uses the `tk` library to calculate RSI Levels. It is a library that contains various functions that helps pine script developers to calculate RSI Levels.
█ FUNCTIONS
The library contains the following functions:
fn_fractalVisibilityRule(string visibilityRule)
Converts the fractal rays timeframe visibility rule label to timestamp int.
Parameters:
visibilityRule: (string) Fractal ray visibility rule label.
Returns: (int) Fractal ray visibility rule timestamp.
fn_requestFractal(string period, expression)
Converts the fractal rays timeframe visibility rule label to timestamp int.
Parameters:
period: (string) Timeframe period for the desired fractal.
expression: (mixed) Security expression that will be applied for calculation.
Returns: (mixed) A result determined by expression.
fn_plotRay(float y, string label, color color, int length)
Plots ray after chart bars for the current time.
Parameters:
period: (string) Timeframe period for the desired fractal.
expression: (mixed) Security expression that will be applied for calculation.
Returns: (void) This function only plots the elements into the chart
fn_plotRsiLevelRay(simple string period, simple int level, color color)
Plots RSI Levels ray after chart bars for the current time.
Parameters:
period: (simple string) Timeframe period.
level: (simple int) Relative Strength Index level.
color: (color) The color of both, ray and label text.
Returns: (void) This function only plots the elements into the chart
Lune Oscillator Premium⬛️ Overview
Lune Oscillator is an advanced and innovative TradingView indicator designed to enhance your market analysis. Rather than merely improving visuals or merging traditional indicators, it introduces a series of unique features, each with its unique value proposition. This script stands out due to its originality, and the significant utility it brings to traders.
🟦 Features
Oscillator features an assortment of sophisticated tools aimed at refining your trading strategies:
🔹 Trend Oscillator: This feature integrates market trend and momentum analysis into one dynamic oscillator. It's designed to facilitate market trend and momentum analysis, and is invaluable to traders as it combines both trend and momentum analysis into one tool. For instance, if a ticker shows signs of slowing momentum after a recent rally, the Trend Oscillator could predict a potential trend reversal. The Trend Oscillator’s sensitivity and velocity settings can be tailored to suit your trading style and strategy. It is developed using a custom formula similar to WaveTrend but optimized for better detection of trend and momentum shifts.
🔹 Market Peak: Market Peak identifies potential market peaks and troughs using a percentile-based system. It's aimed at detecting overextensions in the Trend Oscillator, indicating potential market reversals. Compact and user-friendly, this feature signals potential trade exit points in case of an impending market reversal. Its sensitivity can be adjusted to react to either short-term or long-term market changes. By analyzing the market's average move, it detects overbought or oversold conditions when the percentage gets too extreme.
🔹 Money Pulse: The Money Pulse feature serves as a radar for money inflow or outflow, helping users detect nascent trends and reversals. It enables traders to spot early opportunities and reversals and align their strategies with institutional and large players. For example, a bullish Money Pulse during market consolidation could signal money influx and the beginning of an accumulation phase. The sensitivity of the Market Pulse can be adapted to short-term or long-term changes. This feature employs an improved version of the Money Flow concept.
🔹 Liquidity Pulse: Liquidity Pulse provides a unique perspective of asset liquidity by tracking market inflow and outflow volumes. It assists traders in understanding the market's liquidity sentiment, which is particularly useful for long-term trades and confluence. For instance, a bullish Liquidity Pulse could signal abundant liquidity, potentially driving up the price. The sensitivity setting can be adjusted for short-term or long-term liquidity changes. This feature utilizes an enhanced version of the On-Balance Volume concept.
🔹 Institutional Wave: This feature tracks the cumulative inflow and outflow for a specific ticker, helping traders monitor institutional money flows. It enables the analysis of a ticker's accumulation and distribution, assisting in detecting early trade entries and avoiding dumps. For example, a decrease in volume during consolidation after a price rally could indicate sell-off and potential price drop. The Institutional Wave's sensitivity can be adapted to either short-term or long-term changes. It operates on the Accumulation and Distribution concept.
🔹 Power Wave: The Power Wave evaluates market strength and momentum, indicating market power shifts. It helps traders understand the true power behind a market move. For instance, a decreasing Power Wave during a bullish move could indicate a weakening trend, suggesting a bearish strategy instead. The sensitivity of the Power Wave can be set for short-term or long-term market changes. The Power Wave calculates market strength by evaluating price change volatility.
🔹 Market Pressure: This feature detects shifts in buy and sell pressure, signaling potential turning points. It helps traders understand the power balance in the market. For example, a bullish Market Pressure shift during a short trade could suggest a momentum gain by bulls, indicating a trade exit. The Market Pressure's sensitivity can be adjusted for short-term or long-term changes. This feature uses volume data and moving averages to detect market pressure shifts, filtering out false and volatile signals.
🔹 Oscillator Copilot: Incorporating Smart Bias and Reversal Radar, the Oscillator Copilot helps identify market trends and potential reversals. It searches for confluence within multiple Oscillator features, providing a straightforward assistive tool. For example, a bullish Smart Bias signal during a long trade could suggest staying in the trade longer, while a bearish Reversal Radar signal could indicate the need to exit the trade.
🔹 Divergence Detection: This feature offers a sophisticated detection system for both regular and hidden market divergences, providing additional confluence and highlighting hard-to-detect divergences. For instance, a bullish Regular Divergence could signal a potential trade entry or exit depending on your overall market sentiment and bias. This feature uses fractals to effectively detect divergences in the market based on the Trend Oscillator.
🔹 Color Themes: Personalize your charting experience with various color themes. This feature enhances the visual appeal of your chart, offering easy setup and use. For example, use the “Ice” theme for a unique and colorful experience or the “Dark” theme for a more subdued look. Themes available include Default, Light, Dark, and Ice. This feature modifies the colors of your candles and features based on the selected theme.
These features and tools collectively offer a comprehensive solution for traders to understand and navigate the financial markets. It's important to remember that they are designed to assist in making informed trading decisions and should be used as part of a balanced trading strategy.
🟧 Usage
Lune Oscillator's features are designed to be both standalone tools and components of a larger, integrated trading strategy. It is important to understand each feature and experiment with different configurations to best suit your unique trading needs.
🔸 Example #1: The following demonstrates how the Oscillator Copilot can be an excellent trade assistant.
The Oscillator Copilot leverages multiple Lune Oscillator features, allowing traders to quickly assess overall market sentiment. It uses Smart Bias and Reversal Radar tools to deliver these insights. For instance, at point 1, a bullish Smart Bias (denoted by a green circle) represents a collective bullish sentiment from multiple components of Lune Oscillator, often leading to a price increase. Conversely, at point 2, we identify two bearish reversal signals from the Reversal Radar (highlighted by red triangles). This convergence of bearish signals from multiple components hints at a potential market reversal, often followed by a gradual price decline.
🔸 Example #2: This example shows how the Market Peak feature can aid in detecting potential market tops and bottoms.
Market Peak calculates how overbought or oversold a ticker is using a percentile system, offering insights into potential reversals. At points 1 and 2, we observe bearish Market Peaks suggesting overbought conditions and indicating a possible shift in trend. Subsequent to these peaks, we witness a price drop, mirroring the overbought market conditions. In contrast, at point 3, a bullish Market Peak suggests an oversold market, indicating a potential trend reversal and subsequent price increase.
🔸 Example #3: This is an example of how combining various features such as the Money Pulse, Liquidity Pulse, Institutional Wave, and Market Peak, can help make more informed trades.
Money Pulse and Liquidity Pulse provide insights into the money and liquidity flow in the market, respectively, while the Institutional Wave monitors the cumulative volume shifts and changes. Together with Market Peak, they offer a comprehensive view of the market's state.
At point 1, the positive Liquidity Wave (crossing above 0) suggests a bullish market volume. At point 2, a bullish Market Pressure indicates an increase in buying pressure, reinforcing the bullish sentiment. At point 3, a negative Liquidity Wave (crossing below 0) indicates a bearish sentiment, suggesting that market participants are exiting their positions. The concurrent Market Pressure hints at an increase in selling activity. Taking all these factors into account provides a strong indicator that the market sentiment has turned bearish.
🟥 Conclusion
Lune Oscillator aims to provide a suite of tools that bring unique value to traders. Each feature is designed to offer different, yet complementary, perspectives on the market, allowing users to piece together a more comprehensive understanding of their trading environment.
🔻 Access
You can see the Author's instructions below to get instant access to this indicator & our Premium Suite.
🔻 Disclaimer
Lune Oscillator is a tool for aiding in market analysis and is not a guarantee of future market performance or individual trading success. We strongly recommend that users combine our tool with their trading strategies and do their due diligence before making any trading decisions.
Remember, past performance is not indicative of future results. Please trade responsibly.
90 Minute Cycles + MTFCredit goes to LuxAlgo for the inspiration from 'Sessions' which allowed users to analyse specific price movements within a user defined period with tools such as trendline, mean and vwap.
Settings
Sessions
Enable Session: Allows to enable or disable all associated elements with a specific user set session.
Session Time: Opening and closing times of the user set session in the hh:mm format.
Range: Highlights the associated session range on the chart.
Ranges Settings
Range Area colour: Set each range to a specific colour.
Range Label: Shows the session label at the mid-point of the session interval.
Usage
By breaking 24hrs in quarters, starting with an Asian range of 18:00 NY time you can visualise the principles of Accumulation, Manipulation, Distribution and Rebalance. Know as AMD or PO3 (Power of Three), the principle is that the Manipulation phase will break above or below the Accumulation, before moving in an apposing direction and then rebalancing. This only works when there is a higher timeframe PD array or liquidity to support an apposing move.
Further to the daily quarters, each one can then be broken down again into 90min cycles. Again, each represents AMD, allowing the user an opportunity to watch for reversals during the 90min manipulation phase.
Note: Ensure the Asian Cycle always begins at 18:00 NY time.
The example shows that the 90min cycle occurs, followed by an apposing move away in price action
Here is the Daily cycle, highlighting the Manipulation phase.
Enjoy!
Session Open PriceThis Indicator displays the ICT kill zones' open price
You will be able to see the following open prices (ALL TIMES ARE IN NEW YORK TIME)
All times and appearances are customisable to your own liking.
The default time setting is recommended
- 00:00 AM Midnight New York Open Price (RED DASH LINE)
- 2:00 AM Frankfurt Open Price (GREEN DASH LINE)
- 3:00 AM London Open Price (BLUE DASH LINE)
- 8:30 AM New York Open Price (ORANGE DASH LINE)
HOW TO USE SESSION OPEN PRICE IN YOUR TRADING
If the price is above the opening price you only look for sells whereas if the price is under the opening price you only look for buys
BUY EXAMPLE
Wait for Midnight New York and Frankfurt open price to display
The price must be under both prices
Look for a Market maker buy model or your own entry model
Stoploss will be at the swing low and Take profit can be a fixed RR or how you calculate your take profit level
Hani angle support and resistanceBy examining the intersections of the average price in the past, this indicator identifies points as support and resistance, according to which it determines a diagonal line to the last average price in the future.
As you can see in the picture, these points are more important than floors and ceilings, and they can be cited more
According to the 360-period cycles of the market, it has the best performance
In this indicator, there are two lines that show the average price in different periods.
Ingulf candles and the pattern of three return candles are used for the signal
In the scalp model, the pattern of three consecutive candles and one engulfing candle is used
In the model of circles, Engulfing candle is also used according to algo
By default, this stop loss calculation is twice the size of the signal candle, which you can change according to the type of transaction.
Enter the amount of your balance and change the amount of contract size according to the currency
For example, the contract size is Bitcoin (1) and the contract size is EURUSD (100,000) and XAUUSD (100) and enter the amount of risk in each transaction.
At the time of the signal, you will see the exact size required to enter the transaction (not including the commission, because each exchange has a different commission and a different spread).
For a better view of the market, you can pay special attention to the distance and angle of the two lines.
Support and resistance lines are continuously displayed for 500 candles to be considered in the future of the market
This indicator requires basic knowledge of candlestick and it is better for the trader to make the final decision according to the market situation. However, an alarm has also been set that sends the stop loss amount for use in the web hook.
The price at the moment of the signal is also alarmed for comparison so that the signal can be compared at the time of the alarm.
The size of the ATR band is used to measure the wave if the waves are large enough to send cleaner signals.
The green label: distance between the last intersection and the average price.
The yellow label: distance between two periods of the average price
White label: lot size to enter the market
pink label: ATR size
Digital Root 9 Time HighlightsTitle: Digital Root 9 Indicator
Description: The Digital Root 9 Indicator is a custom TradingView tool that identifies all times in which the digital root of the current time is 9. The digital root is calculated by summing the digits of the current time and then continuing to sum the resulting digits until a single digit is obtained. For instance, the time 3:33 has a digital root of 9 because 3+3+3=9.
What sets the Digital Root 9 Indicator apart from other TradingView indicators is its focus on identifying times with a numerological significance. It is particularly useful for traders who incorporate numerology into their trading strategies and are looking for a tool that highlights these significant times.
To use the Digital Root 9 Indicator, simply add it to your TradingView chart. The indicator will highlight all times when the digital root of the current time is 9, allowing you to see at a glance which times have numerological significance. You can customize the indicator's color scheme and other settings to suit your preferences.
The Digital Root 9 Indicator is intended to help traders identify times when the potential for luck and prosperity is heightened according to numerology. However, it should not be used as the sole basis for making trading decisions. It is important to conduct thorough analysis and risk management before making any trades.
The Digital Root 9 Indicator is suitable for use in any market condition and time frame.
PD-Box with Fractal Points V1 (by Jonny86FXPro)PD-Box with Fractal Points V1 (by Jonny86FXPro)
This indicator has several functions:
Premium/Discount Box: The two most recent fractal highs and lows form a premium/discount box that provides valuable information about potential price movements.
Fractal Breaker Lines: Two fractal breaker lines are integrated for the high and low points to better visually represent the break of a fractal point.
Customizable: The genius of this indicator is that you can customize everything to your own needs. Whether you want to display lines, or change the colors of the box or lines, everything is possible.
Automatic Adjustment: Once a fractal point is broken, the premium discount automatically adjusts to the current price. Once a new fractal point is formed, the box is automatically adjusted again.
HTF Analysis: Use this indicator for your HTF analysis and determine in which direction the price could develop.
Premium Discount Box Information: When the price is in the premium range, there is a higher probability of a sell-off. However, if the price breaks upward, there is a good chance that it will continue to rise. The opposite is true for the discount range.
Power Behind Each Move: It is important how the price hits the fractal point. If there is power behind each move, the chances are very good that it will continue in that direction. If there is no real power behind it, it could be an indication of a trend reversal.
Weak Breaks: In the premium range, a weak upward break could lead to a bearish move, and in the discount range, a weak downward break through the fractal low point could lead to a move in the bullish direction.
As you can see, this powerful indicator has many functions that can help you determine trend direction and potential price movements.
Quick overview of functions:
Designed for higher timeframes such as 4H chart.
Identifies the last two fractal highs and lows to create a premium/discount box.
Includes two fractal breaker lines for the high and low points to better visually represent fractal breaks.
Customizable to fit individual needs, including the ability to show/hide lines and change box/line colors.
Automatically adjusts premium/discount levels to current price when a fractal point is broken.
Can be used for higher timeframe analysis to determine potential price direction.
Premium/discount box provides insight into potential market direction based on price movement within its range.
Fractal break with strong market momentum indicates a higher chance of trend continuation.
Fractal break with weak market momentum may suggest a potential trend reversal.
A powerful indicator that can greatly assist in determining trend direction.
FRAMA and Candlestick Patterns [CSM]FRAMA (Fractal Adaptive Moving Average) is a technical analysis indicator that adapts its smoothing period according to the market's volatility, allowing it to provide accurate signals in all market conditions. This indicator script plots the FRAMA on a chart and generates buy and sell signals based on the FRAMA and candlestick patterns. It also includes an option to filter signals based on bullish and bearish engulfing patterns.
To detect candlestick patterns, the script imports the "BankNifty_CSM" library from the creator's public library on TradingView. The FRAMA calculation is done using a loop that iterates over the last "length" number of bars, with the smoothing factor adjusted based on the "fracDim" parameter.
The buy and sell signals are generated based on the position of the current price relative to the FRAMA line. If the "engulfing" parameter is set to true, the signals are further filtered based on bullish and bearish engulfing patterns.
Overall, this script combines various technical indicators and candlestick pattern recognition to provide a complete trading strategy. However, as with any trading strategy, it should be thoroughly backtested and evaluated before using it in a live trading environment.
Fractals PivotsWhich trader does not know pivots? There are a lot of varieties of pivots indicators of which some are a default on most trading platforms. So what better way to challenge yourself then to create your own kind of pivots. Let's welcome the idea of Fractal Pivots.
Williams Fractal or fractals is a technical analysis indicator introduced by the famous trader Bill Williams in his book ‘Trading Chaos’. He developed it on the basis of the Chaos Theory and trading psychology. The indicator is centred around the idea that there is repetition in price behaviour and fractals can provide an insight into those repetitive patterns.
How does the indicator turn these into pivot lines?
The user will set a time period in which the script will look for fractals. It will then remember all the fractals that happen during that time period.
Let's say you are trading the hourly chart with a weekly pivot setting like in the chart this script is published on. The script will highling the 1h fractals that are happening. Then the next week it will use these exact fractals from previous week to draw the pivot lines.
Another example here is an 8h chart. Look how it uses the previous week fractals this week.
Let me know if you find a very great fractal length+timeframe setting where the levels really get respected. I would really appreciate that.
Liquidity Candles with Prev Day High/Low and Midnight OpenAlright, let's talk about how to use this fancy indicator. But first, let me warn you, using indicators is like driving a car, you can't just press the gas pedal and hope for the best. You need to know what you're doing, or else you'll crash and burn faster than a soufflé in a microwave.
Now, let's get started. The first thing you need to do is understand what this indicator is telling you. Think of it like a signalman at a train station. He's waving flags and giving hand signals to tell you whether it's safe to proceed or if you need to stop and wait. This indicator works the same way.
It's going to give you signals based on price movements, telling you whether it's safe to buy or sell. But don't get too excited, my friend. You still need to use your brain and make smart decisions. Don't just blindly follow the signals, or else you'll end up like a sheep being led to the slaughter.
Now, let's talk about some of ICT's smart money trading concepts. First up, we have "liquidity grabs". This is when the big boys in the market create false breakouts to shake out the weak hands. They're like school bullies stealing lunch money from the little kids. But you can avoid being a victim by watching for signs of a liquidity grab, and using your brain to decide whether it's a real breakout or just a trap.
Next up, we have "stop runs". This is when the big players purposely trigger stop-loss orders to get a better entry or exit. It's like a game of chicken, but with your money on the line. To avoid being run over, keep an eye on your stop-loss orders, and don't be too predictable in your trading.
Finally, we have "market structure". This is like the blueprint of the market, showing you where the support and resistance levels are. It's like a treasure map to finding the best trades. But don't forget that market structure can change over time, so keep updating your map and stay ahead of the game.
So there you have it, my friend. A quick tutorial on using this indicator, with a side of ICT's smart money trading concepts. But remember, indicators are just tools, and you're the one driving the car. Use your brain, stay alert, and don't be a sheep. Happy trading!
Divergent Trades LLC:
Disclaimer: The information provided by the Divergent Trades LLC indicator is for educational and informational purposes only. It should not be considered financial advice or a recommendation to buy, sell, or trade any financial instrument. Divergent Trades LLC is not responsible for any losses incurred as a result of using this indicator. Trading in the financial markets carries a high level of risk and may not be suitable for all investors. Before making any investment decisions, please consult with a financial advisor and do your own due diligence. Past performance is not indicative of future results. By using the Divergent Trades LLC indicator, you acknowledge that you have read and understand this disclaimer and agree to its terms and conditions.
[-_-] 2D FractalsThe sole purpose of this script is to demonstrate what's possible to make with Pinescript, namely to display images (2D Fractals in this case).
The script consists of two functions: one that generates the values of a fractal and one that displays them (utilising table) with each cell being used as a "pixel". We can control the "resolution" of image, as well as choose one of three fractal types.
smplondonclinic StrategyHello my friend! I'm uploading the code for your strategy. I have included a feature in the settings menu called "Entry Direction" that you can use to isolate only longs, only shorts or have both directions at the same time for the backtesting. I have set the strategy to only open 1 position at a time, it will not open a new position unless the previous position is closed. If you want to remove that just let me know. The green/red triangles that you will see plotting on the chart are the potential entry signals, you can turn them off from the style panel in the settings menu. In the inputs tab besides the strategy settings you also have all the relevant parameters for the three indicators used.
Trading BehnamI've read around here various definitions for engulfs along the lines of "an engulf consumes all orders at a level to allow price to easily pass through it." . That doesn't make much sense to me, if the guys with billions of dollars want to break a level, they will break it and price will run off very often. We've seen it time and time again, they don't need to engulf levels to give us a nice opportunity to get into the trade with them, if they want to blast through a level, they will do so and price will run off. If they want an opportunity to accumulate more orders before price runs away, then it doesn't make sense to engulf the level, better to let price bounce from that level and then fill more orders, if the level breaks then they have to deliberately stop the market running away and move it back to the pre-engulf area as the market momentum would naturally make it run off after an engulf. Other ideas about it being a secret signal between the institutions don't make sense to me either. To be honest, I think any secret signals between competing institutions come in the form of them in a heavily encrypted chatroom telling each other what to do. This collusion has been reported on previously as traders align their activities at important moments.
So I think we can all agree something along the lines of:
Fakeout:
Fakeout is an engulf of an obvious swing high/low in order to stop out traders and induce breakout traders to trade in the wrong direction, thus generating liquidity for the move in the opposite direction.
What's not so clear is the definition of the engulf, I'd like to try to give some ideas on the purpose of the engulf and it's definition and see what others think.
Engulf:
An engulf is the consumption of orders at an important level, not necessarily a swing/high low but an area where we expect to see supply or demand. Taking out of the orders tells us that the supply or demand which was or should have been present is now not present and tells us the intent direction of the market. If price runs off as is often the case, this is not tradeable and is effectively just a "breakout", although breakouts are usually considered to be breaks of swing high and lows which are obvious to the average trader. For an engulf to be tradeable there must be a retrace following the engulf back in the original direction. This adds confusion as it initially resembles a fakeout. So the question is, why does price retrace after the engulf? If an engulf to the short side is a genuine engulf and not a fakeout to generate long liquidity, why does it not travel immediately south if market momentum is ultimately south.
A small pocket of demand beneath the engulfed level may make it retrace north as price moves between areas of liquidity, this pocket of demand may give price enough momentum to make it back up to the supply which broke the demand level if key market participants do not favour an immediate market drop.
Alternatively key market participants may step in and drive the market back upwards.
Price moving north back to supply after the engulf may occur or be favourable for various reasons:
1) We often talk about FO generating liquidity because of breakout trading, but an engulf can also generate liquidity from breakout traders. Short breakout traders would place their stop losses a small distance above the engulf (breakout). If key players absorb this selling or allow a demand level to push price back up, they can run price back up to supply taking out the stops of the breakout short traders and make quick profit and/or generate more liquidity for their own shorts.
2) To confuse traders, the ITs don't want the puzzle that is Forex to be easy to solve, if price never retraced after an engulf then engulfs of all levels would be FOs. Price would either break and immediately runoff or it would turn and runoff in the other direction. In order to keep people confused about whether price is faking out or breaking out, sometimes price should whipsaw by breaking out, briefly faking out and then continuing in the direction of the breakout. This whipsaw pattern is to us a tradeable engulf.
3) Market momentum may be mixed, key players are indecisive or inactive or the market is behaving erratically.
4) As previously mentioned there may be a small pocket of supply/demand just past the engulf which is causing a reaction. This could also be viewed as a FO on a different timeframe. If the market engulfs an H1 demand level, then retraces for 30 mins upwards to supply, this engulf would be a valid and very profitable FO for an M1 trader looking to get long.
Ostinated Adjustable Fractal with AlertThis indicator (Ostinated Adjustable Fractal with Alert) is like the traditional William Fractals. However, it created to overcome two disadvantages of the William Fractals:
1. Set minimum value to 1. This a big advantage over traditional William Fractal that has a minimum value of 2.
2. Alerts: setting alert with the traditional William Fractal is very difficult. We have created this indicator to simplify setting fractal alerts.
Like and comment.
Enjoy!
_D4X_Fractal StructureThis script will show up to three different timeframe structure based on fractal formation (combination of three candles where the middle one is the highest).
You can modify each of the timeframes (called factors in the script). These factors emulate the fractal formations on the timeframe specified (in minutes). I found that at least for me a combination of 1-10-100 works well if you use the 1 minute timeframe, but you can try different combinations to see long term structures o more short term structures.
There are a couple of things I would like to add later on, for example, to select dots instead of lines to show structure or adding orderblocks based on the fractal formations (as this would emulate higher timeframe OBs). As soon as I can, I will add these.
Let me know if you like it!!!
Close Day Buy/Sell)It draws a line to the previous day's close and generates a long/buy signal if the candle close is above the previous day's close for short periods, and generates a short/sell signal if the candle close is below the previous day's close.
it makes more sense to use it in 1-minute periods.
in the settings section
day close = the previous day's close line
Tp lines = Take profit lines
Moving average = simple moving average for generating a signal when it breaks the previous day's closing line
longTP = profit rate
ShortTP = profit rate
may you always win.
[PlayBit] FVG/EMAThis Indicator was made for the PlayBit Community by @FFriZz
This indicator includes 2 of the most used indicators within the community
1. FVG indicator -- Very minimalistic version seems to be the most used
2. EMA indicator -- Indicator made by using two 200 EMAs one tracking highs and one tracking closes -- to form a 200 EMA Channel
-- The EMA Can be used as a single one on the current chart or there are 5 other options that will allow you to track up to 5 timeframes
higher or lower
----- Options ------
-- FVGs --
1. Ability to keep FVGs on chart when Filled/Mitigated or have them Deleted
2. Setting to Change the border of the FVG when it has been tested
3. Can have the FVGs resize to the untapped area
4. Setting to adjust the number of FVGs that are displayed on Chart at a time
-- EMA --
1. Up to 5 Different timeframes
2. Color Switch if close is above or below EMAs
3. Color Settings
Shout out to the PlayBit Community
for being a great community for Trading and in general!
If anyone finds any bugs Please let me know on here or on PlayBit
or if I removed something in this version you would like to see put back..
Hope you enjoy!
@FFriZz | @FrizLabz
Williams Fractals + SMMAwilliams fractail + smoothed moving average. moving average. williams fractails with moving average , williams fractails + MA, smma
