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Dasanc

Forex Session Volume ExplorerFigure out the best time to trade your favorite Currency Pair, Commodity, or Crypto! This indicator is an exploration of how Forex Sessions affect volume. The colored plots below represent the accumulative volume during each of the four major trading sessions: London, New York, Tokyo, and Sydney. Plots have been normalized as a percentage of total volume, i.e. London = 34.2 signifies that 34.2% of all volume occurs during the London Session. Trading the session with the highest volume will greatly benefit your Win Rate, especially when using "typical" indicators and strategies. Use in conjunction with my previous tool for a clean & customizable visual representation of Forex Sesssions: Forex Trading Sessions Cheers, EFX (@DasanC)
Pine Script® indicator
by DasanC
1
MTF Order Block FinderAn Order Block is a special type of pivot point that satisfies the following requirement: A Bull/Bear candle followed by X consecutive candles in the opposite direction. Order Blocks are interesting areas that are frequently revisited and can be treated as Support/Resistance levels. Often, you can see explosive price rejection of these areas via long wicks, high volume, and rapid price change. Features Choose from two themes: - LIGHT: a classic Red and Green representing Bearish and Bullish OBs, respectively - DARK: a clean Blue and White scheme Choose from two drawing styles: - LINE: three lines representing the High, Low, and Mid price levels of the OB candle - BOX: a bounded area similar to the "rectangle" tool Chose a custom timeframe: - From 1 Minute (useful for Seconds interval) up to 1 Month Note, this setting is experimental and choosing a timeframe that is extraordinarily large may not function properly. Filter order blocks with two settings: - Number of consecutive bars - Minimum % change of the potential OB bar (default 0.25%) Keep your charts clean and show only relevant OBs - Maximum number of Bullish zones to show - Maximum number of Bearish zones to show FAQ Q: How do I trade with this indicator? A:Personally, I use a fast entry indicator to confirm Long/Short position when price is rejected. I set my SL and TP based on the current Zone and the next one, if available. Q: Does this repaint? A:Yes and this is okay! The "Bear" and "Bull" signals are not meant for taking positions, only showing which candle reveals the Order Block. The Zone is much more useful to us and can result in several successful trades in the near future when treated as a support/resistance area. Q What's the winrate? A:Hard to say - this isn't a standalone strategy and I haven't been able to properly backtest it quite yet.
Pine Script® indicator
by DasanC
127
MESA Adaptive Moving Average - Improved MTFThis indicator is a huge upgrade to my original MTF MESA Plots are now extremely smooth and accurate on all timeframes ** Missing data points are automatically filled with the "best fit" This is a Trend indicator and should be used to trade "top-down" aka: Start with the Daily chart to confirm a trend Move to 4H 2H Etc... Use your favorite entry method or simply watch for wicks forming when the price gets near the MESA adaptive moving average. This is one of the few indicators that I've been using for years with success. Being able to plot both the current & higher timeframe MESA can sometimes feel like cheating. Due to the nature of the recursive calculation, you may notice slight differences between this version of MESA and others that either approximate higher timeframes with fewer samples or make use of the latest "Resolution" argument in Pinescript V4. Both of which are fine, until you start looking at M5 charts while plotting the Daily MESA. As always, happy trading! ** Currently supports M 1,3,5,15,30,45 H 1,2,3,4 Day 1 Week 1 Month 1
Pine Script® indicator
by DasanC
7
SSL [dasanc]The SSL is a fair entry condition and good exit indicator. It works best when combined with a trend indicator and multiple confirmations. In essence, the SSL is a moving average crossover, which immediately down-grades it to a 2nd or 3rd level of confluence in my opinion. It was recently featured in an episode of VP's "No Nonsense FX", which drove me to recreate the original MT4 indicator in PineScript. I have two ideas on how to improve it - Use a much faster moving average calculation method (check out my Ehlers scripts) Use a longer period MA on lower timeframes If you enjoy/use this script, drop me a follow and please note me in your code! I'm *almost* always available for collabs and questions
Pine Script® indicator
by DasanC
3