The CRT Indicator (2/2) @TorioTradesThis indicator is specifically designed for CRT (Candle Range Theory) to provide valuable insights into the daily price range, facilitating more informed intraday trading decisions. It helps traders analyze price action within the context of the day's overall movement, potentially improving their ability to identify optimal entry and exit points.
Before we continue we should thanks the creators of this indicator by following them:
x.com
x.com
x.com
x.com
Join my community: t.me
To keep charts uncluttered, a Cutoff Time will prevent drawings from extending beyond a specific point. The indicator automatically uses this to avoid messy charts with multiple drawings starting and stopping at various times.
The indicator features four customizable trading sessions (Killzones), each with adjustable times and labels. Traders can modify these sessions to match their preferred trading style, whether it's a variation on traditional ICT Killzones or entirely different timeframes. The sessions dynamically track high and low prices within their periods, extending pivot points until they're broken.
I'm excited by the positive response to this indicator and welcome your suggestions for improvements and future features. Please share your ideas!
Indicatori e strategie
Standard Deviation Channel by Bill JohnsSets lines on chart for 1 standard deviation and 2 standard deviations above and below the Average over a set amount of time. The default is 180 intervals of the set interval. Example:
If chart is set to 1 day interval. There will be 5 lines drawn for the past 180 days for the average, 1 std deviation above the average, 2 std deviations above the average, 1 std deviation below the average and 2 std deviation below the average.
Any set alerts for crossing a line will have a default label. The default labels are: "Strong Sell" for alert on 2 std deviations above the average. "Evaluate for Sell" for 1 std deviation above the average. "Evaluate for Buy" for 1 std deviation below the average. "Strong Buy" for 2 std deviations below the average.
The CRT Indicator (1/2) by TorioTradesThis indicator is specifically designed for CRT (Candle Range Theory) to provide valuable insights into the daily price range, facilitating more informed intraday trading decisions. It helps traders analyze price action within the context of the day's overall movement, potentially improving their ability to identify optimal entry and exit points.
Before we continue we should thanks the creators of this indicator by following them:
x.com
x.com
x.com
x.com
Join my community: t.me
To keep charts uncluttered, a Cutoff Time will prevent drawings from extending beyond a specific point. The indicator automatically uses this to avoid messy charts with multiple drawings starting and stopping at various times.
The indicator features four customizable trading sessions (Killzones), each with adjustable times and labels. Traders can modify these sessions to match their preferred trading style, whether it's a variation on traditional ICT Killzones or entirely different timeframes. The sessions dynamically track high and low prices within their periods, extending pivot points until they're broken.
I'm excited by the positive response to this indicator and welcome your suggestions for improvements and future features. Please share your ideas!
G-Channel Trend Detection (jaggedsoft) / Owl of Profit remakeG-Channel Trend Detection Strategy (by jaggedsoft)
Special thanks to jaggedsoft and AlexGrover for the original concept and inspiration for this strategy.
This strategy leverages G-Channels for efficient trend detection by calculating the upper and lower extremities, providing dynamic signals for trend-based trading.
Features
G-Channels:
Calculates upper (a) and lower (b) bounds of price movement over a specified length.
Dynamic calculation adjusts with each bar, forming an average line (avg) for trend analysis.
Signal Detection:
Bullish Signal: When close moves above the lower bound.
Bearish Signal: When close moves below the upper bound.
Color-Coded Visualization:
Green (lime) for bullish trends.
Red for bearish trends.
Fills the area between the average line and the close price with trend-aligned colors for better visual clarity.
Entry and Exit Logic
Long Entry:
Triggered when a bullish trend starts.
Short Entry:
Triggered when a bearish trend starts.
Exit Logic:
Positions are automatically exited based on trend reversals.
Customization
Length Parameter:
Default: 100 bars.
Adjust to fit different timeframes and trading styles.
Cross Markers:
Optional cross markers for buy and sell signals can be toggled on/off for additional clarity.
This strategy is ideal for traders looking to capitalize on dynamic trend movements while maintaining visual clarity of market conditions.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
Adaptive Trend SignalsTry to give accurate signals for buying and selling using FAV and price movement
Custom Support LineIt is made with the following conditions in mind.
1. At the center of the candle at the moment,
Out of the last 10 candles, the low price (L) is within 3% of each other, drawing one line at the low prices of the candles.
2. Out of the last 10 candles, the market price (O) is within 3% of each other, drawing one line at the low end of each candle.
3.Out of the last 10 candles, the closing price (C) is within 3% of each other, and one line is drawn at the lower prices of the candles.
4. Draw one line when the three lines match the above three conditions.
We wanted to create a clear support line according to the above conditions.
Donchian Trend Ribbon (LonesomeTheBlue) / Owl of Profit remakeDonchian Trend Ribbon Strategy (by LonesomeTheBlue)
Special thanks to LonesomeTheBlue for the original concept and inspiration for this strategy.
This strategy leverages the Donchian Channel to determine both the main market trend and local trends. The result is a visually appealing trend ribbon, providing clear entry and exit signals based on trend alignment.
Features
Donchian Channel:
A classic indicator that tracks the highest high and lowest low over a specified period.
Main Trend: Determines the overall market direction based on price relative to the Donchian Channel.
Local Trend: Identifies smaller, shorter-term trends within the main trend.
Trend Ribbon Visualization:
Green shades for uptrends, red shades for downtrends.
Lighter colors indicate local trends opposing the main trend, while darker colors show alignment.
Entry and Exit Logic
Long Entry:
When the main trend indicates an uptrend.
Short Entry:
When the main trend indicates a downtrend.
Exit Logic:
Positions are closed when the trend reverses (i.e., a switch from an uptrend to a downtrend or vice versa).
Visualization
Trend Ribbon:
Multiple columns stacked to form a ribbon, with varying shades based on local and main trend alignment.
Customization
Donchian Channel Period:
Default: 20 bars.
Adjustable to fit different market conditions and timeframes.
This strategy is perfect for traders looking for a trend-following approach with clear visual cues for market direction and entry/exit signals.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
BB + RSI, Double Strategy (by ChartArt) / Owl of Profit remakeSpecial thanks to ChartArt for the original concept and inspiration.
This strategy combines Bollinger Bands with the Relative Strength Index (RSI) to identify overbought and oversold conditions, providing precise entry and exit points.
Features:
Bollinger Bands:
Measures volatility and price deviations from the SMA.
Period Length: 200 (default).
Standard Deviation Multiplier: 2.0 (default).
Helps identify potential reversal zones at the upper and lower bands.
Relative Strength Index (RSI):
A momentum oscillator to measure overbought and oversold conditions.
Length: 6 (default).
Overbought Level: 50 (default).
Oversold Level: 50 (default).
Entry and Exit Logic:
Long Entry:
RSI crosses above the oversold level (50).
Price crosses above the lower Bollinger Band.
Short Entry:
RSI crosses below the overbought level (50).
Price crosses below the upper Bollinger Band.
Exit Logic:
Long positions are closed when the price and RSI criteria for a short entry are met.
Short positions are closed when the price and RSI criteria for a long entry are met.
Visualization:
Bollinger Bands:
Plotted with the basis (aqua line), upper band (silver), and lower band (silver).
Background fill highlights the bands.
Bar and Background Colors:
Green for bullish conditions (price below the lower band and RSI below the oversold level).
Red for bearish conditions (price above the upper band and RSI above the overbought level).
Customization:
Adjustable Bollinger Bands and RSI parameters to fit different market conditions.
Optional bar and background coloring for enhanced chart readability.
This strategy is ideal for traders looking to combine volatility and momentum analysis for high-probability entries and exits.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
MACD-Based Strategy inspired by Saud and ShakyaThis strategy uses the classic MACD crossover approach to generate buy and sell signals:
- Buy Signal: Triggered when the MACD Line crosses above the Signal Line, indicating bullish momentum.
- Sell Signal: Triggered when the MACD Line crosses below the Signal Line, signaling bearish momentum.
The strategy is based on research by Arjun Singh Saud and Subarna Shakya (2024), which highlights the MACD's effectiveness in predicting trading signals. Their work explores enhancing classical MACD signals using machine learning models to reduce false signals and improve decision-making accuracy. While this implementation focuses on the traditional crossover logic, it serves as a solid foundation for both beginners and experienced traders.
I will enhance the strategy in the future, adding a Stop-Loss management as well as the possibility to take Short positions as their is some potential in it.
This Strategy is the first of a series of strategies I want to publish based on research papers, so if you are interested in seeing more scientificaly researched strategies being brought into day light give me a follow.
Bedtime BackgroundJust a simple script to indicate when we wont be able to trade, a little help for manual backtesting to get more accurate results
WaveTrend Ignacio indicador de compra y venta simple, para mediano a largo plazo, con sobre compra y sobre venta como factor de explicacion
Long/Short - Juju & JojôFuncionalidades:
Sinais de Compra ("Long"): Gerados quando o RSI suavizado cruza acima da banda dinâmica de suporte.
Sinais de Venda ("Short"): Gerados quando o RSI suavizado cruza abaixo da banda dinâmica de resistência.
Alertas Integrados: Notificações automáticas ao identificar sinais de compra ou venda.
Personalização: Parâmetros ajustáveis para o RSI, suavização, sensibilidade do QQE e limiar de volatilidade.
Last Candle Close Above/Below AlertHow it works:
The script calculates whether the close of each candle is above or below the close of the previous candle, same as the initial code.
isLastBar is checked and the last candle to be created is the only one that will receive the condition from this variable.
If a highlight is needed it will use this criteria and apply the correct color for the last candle only, and any other candle will not be colored.
If alerts are enabled they will only work for the last bar too.
How to Use:
Add this script to your TradingView chart.
Use the inputs to set the desired timeframe to analyze, whether you want an alert for candles closing above or closing below and the background colors.
The last candle will highlight yellow when the close is higher or lower than the previous candle.
Alerts will be triggered on the last candle if you enable the alert conditions.
Key Features:
Timeframe Selection: You can choose a different timeframe in the settings.
Candle Highlight: Candles that close above or below the previous candle are highlighted in yellow.
Alerts: Alerts are configurable to trigger for "Close Above" or "Close Below" conditions, based on your selection in the settings.
Helicopter Volatility Detector v4This Indicator designed to measure market volatility specifically during reversal phases, while ignoring periods of strong trending movements. It helps traders identify when the market is experiencing frequent and significant price reversals, which are often accompanied by increased volatility.
This indicator is suitable for those who want to understand when there is high volatility in the market, such as when Jerome Powell speaks or economic data is released. It can help identify periods when large leveraged positions are likely to be liquidated.
Candle Emotion Index (CEI)The Candle Emotion Index (CEI) is a comprehensive sentiment analysis indicator that combines three sub-oscillators—Indecision Oscillator, Fear Oscillator, and Greed Oscillator—to provide a single, unified measure of market sentiment. By analyzing bullish, bearish, and indecisive candlestick patterns, the CEI delivers a holistic view of market emotions and helps traders identify key turning points.
How It Works
Indecision Oscillator: Measures market uncertainty using Doji and Spinning Top candlestick patterns. Scores their presence and normalizes the results over a user-defined lookback period.
Fear Oscillator: Measures bearish sentiment using Shooting Star, Hanging Man, and Bearish Engulfing candlestick patterns. Scores their presence and normalizes the results over a user-defined lookback period.
Greed Oscillator: Measures bullish sentiment using Marubozu, Bullish Engulfing, Hammer, and Three White Soldiers candlestick patterns. Scores their presence and normalizes the results over a user-defined lookback period.
Candle Emotion Index Calculation: The CEI is calculated as the average of the Indecision, Fear, and Greed Oscillators: CEI = (Indecision Oscillator + Fear Oscillator + Greed Oscillator) / 3
Plotting: The CEI is plotted as a single line on the chart, representing overall market sentiment.
Reference lines are added to indicate Low Emotion, Neutral, and High Emotion levels.
The Candle Emotion Index provides a unified perspective on market sentiment by blending indecision, fear, and greed into one easy-to-interpret metric. It serves as a powerful tool for traders seeking to gauge market psychology and identify high-probability trading opportunities. For best results, use the CEI in conjunction with other technical indicators to confirm signals.
Greed OscillatorThis Pine Script v6 component calculates and plots a "Greed Oscillator" based on the presence of bullish candlestick patterns (Marubozu, Bullish Engulfing, Hammer, and Three White Soldiers) over a user-defined lookback period.
How It Works:
User Inputs: length - The lookback period for calculating the oscillator, marubozuThreshold - The threshold for identifying Marubozu patterns, engulfingThreshold - The threshold for identifying Bullish Engulfing patterns, hammerThreshold - The threshold for identifying Hammer patterns, threeWhiteSoldiersThreshold - The threshold for identifying Three White Soldiers patterns.
Pattern Detection: The script defines functions to detect Marubozu, Bullish Engulfing, Hammer, and Three White Soldiers patterns. Patterns are identified based on the size of the body, wicks, and specific threshold criteria.
Score Calculation: The script calculates scores for each bullish pattern over the lookback period. These scores are normalized by dividing by the total number of candles in the period.
Greed Oscillator: The oscillator is calculated as the average of the normalized scores for the four bullish patterns.
Plotting: The Greed Oscillator is plotted on the chart, with reference lines for "Low Greed" and "High Greed" levels.
This indicator provides a visual representation of market greed, making it a useful tool for traders to assess bullish sentiment and identify potential reversal points or areas of heightened bullish activity. It works best in conjunction with other technical analysis tools to confirm signals.
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CMO - Dot and Background - Jan 11, 2025This Pine Script indicator is designed to analyze and visualize momentum dynamics using multiple Chande Momentum Oscillator (CMO) lines with different configurations. Here’s a brief breakdown of what it does:
CMO Calculation:
Computes CMO values for multiple lines (Blue, Green, Orange, Purple) based on adjustable lengths, smoothing factors, and scaling values.
Aggregates and smooths these values for better trend representation.
Plotting:
Plots the scaled CMOs as separate lines with distinct colors on the chart.
Highlights momentum differences and includes a zero-line for reference.
Background Coloring:
Changes the chart background color based on specific conditions where the CMOs indicate strong bullish or bearish trends.
Alerts:
Sets up multiple alert conditions for key events, such as when lines cross zero, cross each other, or meet proximity thresholds.
Includes specific "dot" alerts and background-related alerts for visual emphasis.
Labels:
Adds visual markers (dots) on the chart to highlight significant events, such as strong bullish or bearish setups.
Advanced Features:
Includes proximity detection between specific CMOs for tighter momentum analysis.
Implements slope calculations for one of the CMOs to identify trend direction changes.
In essence, this script provides traders with a tool to monitor momentum dynamics, spot potential reversals or trends, and receive actionable alerts. It is highly customizable with adjustable input parameters.
Rolling CAGRRolling CAGR (Compound Annual Growth Rate) Indicator
This indicator calculates and plots the rolling Compound Annual Growth Rate (CAGR) for any selected data source. CAGR represents the mean annual growth rate of an investment over a specified time period, taking into account the effect of compounding.
Features:
• Customizable data source (default: close price)
• Adjustable time period in years
• Configurable trading days per year (252 for stocks, 365 for crypto)
• Results displayed as percentage values
• Works on daily timeframes
Input Parameters:
• Data Source: Select the price or indicator data to analyze
• Number of Years: Set the lookback period for CAGR calculation
• Trading Days in a Year: Adjust based on market type (252 for stocks, 365 for crypto)
Usage:
Perfect for analyzing long-term growth rates and comparing investment performance across different periods. The indicator provides a rolling view of compound growth, helping traders and investors understand the sustained growth rate of an asset over their chosen timeframe.
Note: This indicator is designed for daily timeframes as CAGR calculations are most meaningful over longer periods.
Formula Used:
CAGR = (End Value / Start Value)^(1/number of years) - 1
Fear OscillatorThis Pine Script v6 component calculates and plots a "Fear Oscillator" based on the presence of bearish candlestick patterns (Shooting Star, Hanging Man, and Bearish Engulfing) over a user-defined lookback period.
How It Works:
User Inputs: length - The lookback period for calculating the oscillator, shootingStarThreshold - The threshold for identifying Shooting Star patterns, hangingManThreshold - The threshold for identifying Hanging Man patterns, engulfingThreshold - The threshold for identifying Bearish Engulfing patterns.
Pattern Detection: The script defines functions to detect Shooting Star, Hanging Man, and Bearish Engulfing patterns based on wick and body size ratios. Each pattern is checked for the given thresholds.
Score Calculation: The script calculates scores for each bearish pattern over the lookback period. These scores are normalized by dividing by the total number of candles in the period.
Fear Oscillator: The oscillator is calculated as the average of the normalized scores for the three patterns.
Plotting: The Fear Oscillator is plotted on the chart, with reference lines for "Low Fear" and "High Fear" levels.
This indicator is designed to provide a visual representation of market fear, making it a valuable tool for traders to assess bearish sentiment and identify potential reversal points or areas of heightened market risk. It is best used in conjunction with other technical analysis tools to confirm signals.
Demand Zone FinderSwing Low Detection: The script identifies swing lows using the ta.lowest function over a user-defined period (length).
2. Demand Zone Range: A buffer is added to the swing low price to define the zone range.
3. Drawing Zones: Horizontal lines representing the demand zone are drawn on the chart and extended to the right.
4. Customization: You can adjust the swing length (length) and the buffer percentage (buffer) via inputs.