Tradingview.com | AlphaTrend

 Here is the link. 

AlphaTrend is a brand new indicator which I've personally derived from Trend Magic and still developing:

In Magic Trend we had some problems, Alpha Trend tries to solve those problems such as:

1-To minimize stop losses and overcome sideways market conditions.
2-To have more accurate BUY/SELL signals during trending market conditions.
3- To have significant support and resistance levels.
4- To bring together indicators from different categories that are compatible with each other and make a meaningful combination regarding momentum, trend, volatility, volume and trailing stop loss.

according to those purposes Alpha Trend:
1- Acts like a dead indicator like its ancestor Magic Trendin sideways market conditions and doesn't give many false signals.
2- With another line with 2 bars offsetted off the original one Alpha Trend have BUY and SELL signals from their crossovers.

BUY / LONG when Alpha Trend line crosses above its 2 bars offsetted line and there would be a green filling between them
SELL / SHORT when Alpha Trend line crosses below its 2 bars offsetted line and filling would be red then.

3- Alpha Trend lines
-act as support levels when an uptrend occurs trailing 1*ATR (default coefficient) distance from bar's low values
-conversely act as resistancelevels when a downtrend occurs trailing 1*ATR (default coefficient) distance from bar's high values
and acting as trailing stop losses
the more Alpha Trend lines straighter the more supports and resistances become stronger.

4- Trend Magic has CCI in calculation
Alpha Trend has MFI as momentum, but when there's no volume data MFI has 0 values, so there's abutton to change calculation considering RSI after checking the relevant box to overcome this problem when there is no volume data in that chart.
Momentum: RSI and MFI
Trend: Magic Trend
Volatility: ATR,
Trailing STOP: ATR TRAILING STOP
Volume: MFI
Alpha trend is really a combination of different types...

default values:
coefficient: 1 which is the factor of trailing ATR value
common period: 14 which is the length of ATR MFI and RSI

Wish you all use AlphaTrend in profitable trades.
Kıvanç Özbilgiç

Apr 23, 2022

Release Notes:

common period assigned to RSI and MFI
alarms will be updated soon

May 20, 2022

Release Notes:

ALARMS UPDATED...

New BUY and SELL Alarms added:

POTENTIAL SIGNALS:
Potential AlphaTrend line crosses during current bar. (signals can be disappeared befor the ending time of current bar)

CONFIRMED SIGNALS:
Approved AlphaTrend signals after the end of the bar. Alarms wait until current bar's close confirmation and will be activated then...

(Will publish strategy and screener versions with an English coverage video of AlphaTrend soon)

---

Threads: threads.net/@kivancozbilgic

YouTube (Turkish): youtube.com/c/kivancozbilgic

YouTube (English): youtube.com/c/AlgoWorld

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart? 

Pine Script™ indicatorAlphaTrend

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// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/

// author © KivancOzbilgic

// developer © KivancOzbilgic

//@version=5

indicator('AlphaTrend', shorttitle='AT', overlay=true, format=format.price, precision=2, timeframe='')

coeff = input.float(1, 'Multiplier', step=0.1)

AP = input(14, 'Common Period')

ATR = ta.sma(ta.tr, AP)

src = input(close)

showsignalsk = input(title='Show Signals?', defval=true)

novolumedata = input(title='Change calculation (no volume data)?', defval=false)

upT = low - ATR * coeff

downT = high + ATR * coeff

AlphaTrend = 0.0

AlphaTrend := (novolumedata ? ta.rsi(src, AP) >= 50 : ta.mfi(hlc3, AP) >= 50) ? upT < nz(AlphaTrend[1]) ? nz(AlphaTrend[1]) : upT : downT > nz(AlphaTrend[1]) ? nz(AlphaTrend[1]) : downT

color1 = AlphaTrend > AlphaTrend[2] ? #00E60F : AlphaTrend < AlphaTrend[2] ? #80000B : AlphaTrend[1] > AlphaTrend[3] ? #00E60F : #80000B

k1 = plot(AlphaTrend, color=color.new(#0022FC, 0), linewidth=3)

k2 = plot(AlphaTrend[2], color=color.new(#FC0400, 0), linewidth=3)

fill(k1, k2, color=color1)

buySignalk = ta.crossover(AlphaTrend, AlphaTrend[2])

sellSignalk = ta.crossunder(AlphaTrend, AlphaTrend[2])

K1 = ta.barssince(buySignalk)

K2 = ta.barssince(sellSignalk)

O1 = ta.barssince(buySignalk[1])

O2 = ta.barssince(sellSignalk[1])

plotshape(buySignalk and showsignalsk and O1 > K2 ? AlphaTrend[2] * 0.9999 : na, title='BUY', text='BUY', location=location.absolute, style=shape.labelup, size=size.tiny, color=color.new(#0022FC, 0), textcolor=color.new(color.white, 0))

plotshape(sellSignalk and showsignalsk and O2 > K1 ? AlphaTrend[2] * 1.0001 : na, title='SELL', text='SELL', location=location.absolute, style=shape.labeldown, size=size.tiny, color=color.new(color.maroon, 0), textcolor=color.new(color.white, 0))

alertcondition(buySignalk and O1 > K2, title='Potential BUY Alarm', message='BUY SIGNAL!')

alertcondition(sellSignalk and O2 > K1, title='Potential SELL Alarm', message='SELL SIGNAL!')

alertcondition(buySignalk[1] and O1[1] > K2, title='Confirmed BUY Alarm', message='BUY SIGNAL APPROVED!')

alertcondition(sellSignalk[1] and O2[1] > K1, title='Confirmed SELL Alarm', message='SELL SIGNAL APPROVED!')

alertcondition(ta.cross(close, AlphaTrend), title='Price Cross Alert', message='Price - AlphaTrend Crossing!')

alertcondition(ta.crossover(low, AlphaTrend), title='Candle CrossOver Alarm', message='LAST BAR is ABOVE ALPHATREND')

alertcondition(ta.crossunder(high, AlphaTrend), title='Candle CrossUnder Alarm', message='LAST BAR is BELOW ALPHATREND!')

TOP 3 MOST POPULAR BEST INDICATORS IN TRADINGVIEW

Here is the link. 

The 3rd popular indicator is Trendlines with Breaks from LuxAlgo The 2nd popular indicator is AlphTrend from Kivanc Ozbilgic The 1st popular indicator is Smart Money Concepts from LuxAlgo

Tradingview.com | Liquidity Sentiment Profile [LuxAlgo]

Here is the link. 

Tradingview.com | Order Block Finder (Experimental)

20 MUST-HAVE TradingView Indicators For 2024 ( SAVE THEM )

Here is the link. 

Tradingview.com | HERE ARE 10 COMMON TRADING INDICATORS MADE SIMPLE

 Chart has all 10.

Hope this helps.
Hope it's simple to understand if you still struggle with indicators.
Remember, no one indicator is good on its own.

Think of an indicator as a sign that you should pay attention to a possibility. For example, if I go to the ocean, maybe I have an indicator that says you're closer to sharks than in the great lakes, will I be eaten? Probably not, but also, there are more sharks and my indicator confirms that. I can't use this one indicator to say, I'm probably about to be eaten. BUT.. Let's say I have multiple indicators that I use to give me a better idea if I'll be eaten. Maybe an indicator tells me there is an oddly higher than avg number of a sharks number 1 food source within the area. Can I say I'll be eaten? No, but I could say, maybe due to the increased food supply, there may be more sharks. What if I have a few more indicators, one of which says there are 30 great whites within 10 miles, and another that says, usually at this time of the year, there are only ever between 2 to 7 great whites. Can I say, Yes, I'll be eaten? NOPE, not yet.

What if I have another indicator that says, across the globe, shark attacks are increasing by a certain percentage, and another that says, there is blood detected within the water you're swimming in, which is lower than the threshold for human's to detect, but higher than the threshold needed for sharks to smell. What if I combine that with an indicator that says, on avg there are 1000 swimmers here, but now, there are under 30. Can I say I'll be eaten? Nope, BUT, I can say, hmm. Something is up and if one of us were to get eaten, I'm more likely to be picked out of 30 people than 1000.

When can I say I'll be eaten? Probably if you build an indicator that can detect bite force and compare to known bit forces of sharks that could sense you're actively being eaten, but at that point, the stock moved already... err I mean, the shark ate already, and you're late to the show..

My point being, use them, but don't always assume when it comes to indicators. Take in all the data and then make a decision. Some indicators fit your style, some won't. Do I need 30 stacked indicators for sharks if I'm swimming in Lake Michigan? Probably not, it would make everything a mess.

So, here there are.

Relative Strength Index (RSI): Ah, the RSI, the “I’ve had too much” indicator of the stock market. When it hits above 70, it’s like your stock had too much to drink at the party and is likely to come crashing down. Below 30? It’s been left out in the cold and might be due for a warm-up (a.k.a. price increase). Remember, it’s not foolproof, but then again, neither is your weather app.

On-Balance Volume (OBV): This one’s all about following the crowd. If the volume is increasing, it’s like everyone’s rushing to get the latest iPhone. But remember, even if everyone jumps off a bridge, it doesn’t mean you should too. Always double-check before you follow the herd.

Simple Moving Average (SMA): The SMA is like that reliable friend who’s always a bit behind on the latest trends. It gives you the average closing price over a certain period. It’s simple, it’s moving, it’s average. It’s the SMA.

Exponential Moving Average (EMA): The EMA is the SMA’s hip younger sibling. It cares more about what happened recently than what happened way back when. It’s great for short-term trading, but remember, even the coolest kids can get things wrong.

Moving Average Convergence Divergence (MACD): This one sounds complicated, but it’s not. It’s like watching two rabbits on a race track. If the fast rabbit (the 12-day EMA) overtakes the slow rabbit (the 26-day EMA), it’s a bullish signal. If the slow rabbit overtakes the fast one, it’s a bearish signal. Just remember, rabbits are unpredictable!

Fibonacci retracements: Ah, Fibonacci, the Da Vinci of math. These horizontal lines indicate where support and resistance levels might be. It’s like trying to predict where you’ll meet your ex at a party. It could be useful, but don’t rely on it too much.

Stochastic oscillator: This one’s a bit like a pendulum. When it swings one way, it’s likely to swing back the other way soon. It’s great for spotting potential reversals, but remember, even a broken clock is right twice a day.

Bollinger bands: These are like the elastic waistband of your favorite sweatpants. If the price hits the upper band, it might be time to sell (or stop eating pizza). If it hits the lower band, it might be time to buy (or hit the gym).

Average Directional Index (ADX): This one tells you whether the price is trending strongly or just wandering around like a lost puppy. Above 25 is a strong trend, below 20 is weak. But remember, even lost puppies find their way home eventually.

Accumulation/Distribution (A/D) line: This one’s all about supply and demand. If the line is going up, the stock is being accumulated. If it’s going down, it’s being distributed. It’s like tracking whether more people are buying or selling fidget spinners.

Remember, these indicators are like tools in a toolbox. Don’t try to build a house with just a hammer. Use them in combination, understand their limitations, and always do your own research. Happy trading! 📈

The TOP 1 Indicator On TradingView: Squeeze Momentum Strategy!

Here is the link. 

Tradingview.com | Smart Money Concepts (SMC) [LuxAlgo]

Tradingview.com | Trailing Stop Loss Indicator

Investopedia | Donchian Channels Formula, Calculations, and Uses

Technical Analysis For Beginners (The Ultimate Guide)

Here is the link. 

Discover the truth about Technical Analysis — when to use it, when NOT to use it, and how it really works. 

Here’s the deal: 

Technical Analysis is not what you think. 

1. You can’t rely on overbought (or oversold) indicators — the market will prove you wrong most of the time. 

2. If you wait for a Moving Average Crossover, it’s usually “too late” as the price has moved substantially. 

3. Candlestick patterns are no better than a coin flip. You probably have better odds going against it.

 

BA stock | Profit maximizer | June 21 - 22 | 10 buy points/ 1 min | 1 min vs 5 min

 5 min less buy better return

WDAY | Profit maximizer | June 22 2024 | 5 min

 

BA stock | Earnings date | April 2024 | Price was low, a lot of buy and sell | More trades | 5 minutes

 

SABR stock | Profit Maximizer PMax | Tradingview.com | May 30 - June 11 | 1 minute

 

SABR stock | Profit Maximizer PMax | Tradingview.com | May 30 - June 11 | 5 minute

First of all, 1 minute vs 5 minute, buy and sell positions are different. 

I prefer to use 5 minute and also 1 minute. It all depends. 

Tradingview.com | Indicator | Profit Maximizer PMax | MATC + ATR

Here is the link. 

PMax is a brand new indicator developed by KivancOzbilgic in earlier 2020.

It's a combination of two trailing stop loss indicators;
One is Anıl Özekşi's MOST (Moving Stop Loss) Indicator

Both MOST and SuperTrend Indicators are very good at trend following systems but conversely their performance is not bright in sideways market conditions like most of the other indicators.

Profit Maximizer - PMax tries to solve this problem. PMax combines the powerful sides of MOST (Moving Average Trend Changer) and SuperTrend (ATR price detection) in one indicator.

Backtest and optimization results of PMax are far better when compared to its ancestors MOST and SuperTrend. It reduces the number of false signals in sideways and give more reliable trade signals.

PMax is easy to determine the trend and can be used in any type of markets and instruments. It does not repaint.

The first parameter in the PMax indicator set by the three parameters is the period/length of ATR.

The second Parameter is the Multiplier of ATR which would be useful to set the value of distance from the built in Moving Average.

I personally think the most important parameter is the Moving Average Length and type.

PMax will be much sensitive to trend movements if Moving Average Length is smaller. And vice versa, will be less sensitive when it is longer.

As the period increases it will become less sensitive to little trends and price actions.

In this way, your choice of period, will be closely related to which of the sort of trends you are interested in.

We are under the effect of the uptrend in cases where the Moving Average is above PMax;
conversely under the influence of a downward trend, when the Moving Average is below PMax.

Built in Moving Average type defaultly set as EMA but users can choose from 8 different Moving Average types like:

SMA : Simple Moving Average
EMA : Exponential Movin Average
WMA : Weighted Moving Average
TMA : Triangular Moving Average
VAR : Variable Index Dynamic Moving Average aka VIDYA
WWMA : Welles Wilder's Moving Average
ZLEMA : Zero Lag Exponential Moving Average
TSF : True Strength Force

Tip: In sideways VAR would be a good choice


You can use PMax default alarms and Buy Sell signals like:

1-
BUY when Moving Average crosses above PMax
SELL when Moving Average crosses under PMax

2-
BUY when prices jumps over PMax line.
SELL when prices go under PMax line.

Price Action Trading For Beginners (The Ultimate Guide)

Here is the link. 

Discover how price action trading can help you better time your entries & exits — and even "predict" market turning points.

Moving Average Trading Secrets (This is What You Must Know...)

Here is the link. 

Tradingview.com | ATR Stop Loss Finder

Here is the link.

This Indicator uses Average True Range (ATR) to determine a safe place to put stop losses to avoid being stop hunted or stopped out of a trade due to a tight stop loss. Default multiplier setting is 1.5. For a more conservative stop loss use 2 and for a tighter stop loss use 1. ATR and stop loss prices are displayed in table at bottom of screen. Use high(red) for shorts and low(teal) for longs.

How To Set A Correct Stop Loss And Avoid Stop Hunting (Video 9 Of 12)

Here is the link. 

SABR stock | MACD | 5 min | Volatility

 

Tradingview.com | AHMA | 72s: Adaptive Hull Moving Average+ | SABR | June 2024 | 5 minute

 5 minute 

5 min April - June AHMA 

60 minutes January to June 2024

Tradingview.com | 72s: Adaptive Hull Moving Average+

Here is the article. 

One challenging issue for beginner traders is to differentiate market conditions, whether or not the current market is giving best possibility to stack profits, as earliest, in shortest time possible, or not.

On intraday, we've seen some big actions by big banks are somewhat can be defined --or circling around-- by HMA 200. I've been thinking on to make the visuals more conform to price dynamics (separating major movement and minor noise) to get clearer signs of when it starts to happen. So it will be easier to see in a glance when the strength starts really taken place, with less cluttered chart.

This Adaptive HMA is using the new Pine Script's feature which now support Dynamic Length arguments for several Pine functions. ( read: www.tradingview.com/...gth-arguments-20554/). It hasn't support the built-in HMA() directly, but thankfully we can use its wma() formula to construct. (Note: I tweaked a bit HMA formula already popular here by using plain int() instead of round() on its wma's length, since I find it precisely match tradingview's built-in HMA).

You can choose which aspect the Adaptive HMA period will adapt to.

In this study I present it with two options: Volume and Volatility. It will "moves" faster or slower depends on which situation the aspect is currently into. ie: When volume is generally low or volatile readings is not there, price won't move very much, so the adapting MA will slow down by dynamically lengthen the lookback period, and vice versa, and so on.

Colour-markings in the Adaptive resembles which situation explained above. In addition, I also combine it with slope calculation of the MA to help measuring trend-strength or sideway/choppy conditions.

This way when we use it as dynamic support/resistance it will be more visually-reliable.

Secondly, and more important, it might help us traders with better probability info of whether or not a trade should even worth to be made. ie: If in the mean time market won't give much movement, any profit would also only as much. In most cases, we might better save our dime for later or place it somewhere else.

HOW TO USE:
Aside from better dynamic support/resistance and clearer breakout confirmation, MA is coloured as follow:

• YELLOW:
  Market is in consolidation or flat. Be it sideways, choppy, or in relatively small movements. If it shows up in a trending market, it may be an earlier sign that current trend might about to change its direction, or confirming a price broke-out to another side.
  
• LIGHT GREEN or LIGHT RED:
  Tells if a trend is forming but still relatively weak (or getting weaker), as it doesn't have volume or volatility to support.
  
• DARKER GREEN ot DARKER RED:
  This is where we can expect some good and strong price movement to ride. If it's strong enough, many times it marks a start of new long-lasting major trend.
  

SETTINGS:

• Charger:
  Choose which aspect your HMA should plug itself into, thus it will adapt to it.
  
• Minimum Period, Maximum Period:
  172 - 233 is just my own setting to outmatch the static HMA 200 for intraday. I find it --in my style of trading-- best in 15m tf in almost any pair, and 15m to 1H for some stocks. It also works nicely with conventional EMA 200, sometimes as if they somewhat work hand-in-hand in defining where the price should go. But you can, ofcourse, experiment with other ranges, broader or narrower. Especially if you already have an established strategy to follow to. As you might do with:
  
• Consolidation area threshold:
  This has to do with slope calculation. The bigger the number means your MA needs bigger degree to define the market is out of flat (yellow) area. This can be useful if needed to lighten up the filter or vice-versa.
  
• Background colouring:
  Just another colouring to help highlighting the difference in market conditions.
  

ALERTS:
There are two alerts:

• Volume Break: when volume is breaking up above average, and
  
• Volatility Meter: when the market more likely is about to have its moment of the big wiggling brush.
  

USAGE:

• Very very nice BUY entry to catch big up-movement if:
  1. Price is above MA. (It is best when price is also not to far distance from the MA, or you can also use distance oscillator to help out too)
  2. HMA's color is in darker green. Means it's on the charging plug with your chosen aspect.
  3. RSI is above 50. This is to help as additional confirmation.
  
  
• Clear SELL entry signal is same as above, just the opposite.