My goal for tomorrow is going to be not to give back any gains for the week. This has been a big move.

This is the latest source code for the indicator I've been working on. It's not bullet proof, but I'm liking it so far.

Would appreciate someone smarter than me giving their opinion on this:

//@version=5
indicator("Footprint Chart with Signals + OBV", overlay=true)

// Inputs
priceType = input.string("HL2", title="Price Source", options=["HL2", "Close", "Open", "High", "Low"])
volumeType = input.string("Volume", title="Volume Source", options=["Volume"])
numRows = input.int(10, title="Number of Rows", minval=1)
barWidth = input.int(2, title="Bar Width", minval=1)
atrLength = input.int(14, title="ATR Length", minval=1)

priceSource = priceType == "HL2" ? hl2 : priceType == "Close" ? close : priceType == "Open" ? open : priceType == "High" ? high : low
volumeSource = volumeType == "Volume" ? volume : volume

// Calculate footprint data
delta = volumeSource * (priceSource - open)
footprint = array.new_float(0)
volumeSum = 0.0
for i = 0 to 100
volumeSum := volumeSum + volumeSource[i * barWidth]
array.push(footprint, volumeSum)
array.reverse(footprint)

// Plot the chart
plot(delta, "Delta", color=color.blue, style=plot.style_histogram, linewidth=2)

// Add price action signals
ema5 = ta.ema(priceSource, 5)
maFast = ta.sma(priceSource, 5)
maSlow = ta.sma(priceSource, 20)

// On Balance Volume calculations
obv = ta.cum(close > close[1] ? volume : close < close[1] ? -volume : 0)


// TDI calculations
rsiPeriod = 13
bandLength = 34
emaLength = 2
rsi = ta.rsi(priceSource, rsiPeriod)
band = ta.sma(rsi, bandLength)
upper = ta.highest(band, bandLength)
lower = ta.lowest(band, bandLength)
emaUpper = ta.ema(upper, emaLength)
emaLower = ta.ema(lower, emaLength)

// MTF analysis
higherTFmaFast = request.security(syminfo.tickerid, "10", ta.sma(priceSource, 5))
highestTFmaFast = request.security(syminfo.tickerid, "15", ta.sma(priceSource, 5))

isUptrend = maFast > maSlow and close > ema5 and ta.crossover(rsi, emaUpper) and higherTFmaFast > highestTFmaFast
isDowntrend = maFast < maSlow and close < ema5 and ta.crossunder(rsi, emaLower) and higherTFmaFast < highestTFmaFast

var bool buySignal = false
var bool sellSignal = false
var bool negateSignal = false

buySignal := not buySignal[1] and isUptrend and not isDowntrend[1]
sellSignal := not sellSignal[1] and isDowntrend and not isUptrend[1]
negateSignal := (buySignal[1] and isDowntrend) or (sellSignal[1] and isUptrend)

plotshape(buySignal, style=shape.triangleup, location=location.belowbar, color=color.green, size=size.small, transp=0)
plotshape(sellSignal, style=shape.triangledown, location=location.abovebar, color=color.red, size=size.small, transp=0)
plotshape(negateSignal, style=shape.xcross, location=location.abovebar, color=color.orange, size=size.small, transp=0)

// Stop loss and take profit levels based on the day's range
atr = ta.atr(atrLength)
stopLossLevelLong = close - atr
stopLossLevelShort = close + atr
takeProfitLevelLong = close + atr
takeProfitLevelShort = close - atr

plot(buySignal ? stopLossLevelLong : na, color=color.red)
plot(sellSignal ? stopLossLevelShort : na, color=color.red)
plot(buySignal ? takeProfitLevelLong : na, color=color.green)
plot(sellSignal ? takeProfitLevelShort : na, color=color.green)

this is gold. It seems pretty accurate.

I am sharing here with you all because some of you, I hope, are superior to me in mathematical and analytical skills and can potentially take this to the next level. I would like to ask that you do not share this outside this forum - I am trying to incorporate some of my personal edge into an indicator to help everyone on this board. There's nothing magic here and I still rely a lot on 'feel' for when to enter, but I think this can help with when to enter and when to de-risk.

Boy Named Sue said:

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Doubled my options account since May 1, despite being really busy with work. Pam Anderson in her prime, baby

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Boy Named Sue said:

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Doubled my options account since May 1, despite being really busy with work. Pam Anderson in her prime, baby

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Congrats but you are risking too much.