INVITE-ONLY SCRIPT
Aggiornato Quadzilla
Quadzilla (QZ) is a collaboration between Save With Crypto (SWC) and Matt Stephens (AKA maff).
SWC: https://savewithcrypto.org
maff: https://softwarereality.medium.com
YouTube: https://www.youtube.com/@SaveWithCrypto
QZ combines a stochastic momentum oscillator with advanced EMA trend analysis to provide an overall view of price movements that is often spookily accurate.
Our overarching design goal is to keep the on-screen elements minimal and clear, so that it's easy to understand what the indicator is telling you. Additional elements can be switched on if you prefer the extra detail, though.
QZ is most effective when viewed on more than one timeframe. Depending on the asset you're trading, you may find it useful, for example, to compare the results on the 1m, 3m, 12m and 1hr timeframes. The lower TFs can be used to find an early entry, whie the higher TFs provide confirmation of the overall trend and momentum directions.
We recommend that you read the tooltips in the QZ Settings, as they provide additional details on each part of the indicator.
In the settings, any feature with 📉 at the end of its name is trend-related and so is overlaid on the main price chart. All other features are momentum-related and so are shown in QZ's Momentum Oscillator panel.
We've released a free, open source edition of QZ; but this invite-only edition provides a significant number of additional features and enhancements.
At the time of this writing, QZ has a total of eight built-in signals/indicators (with more planned), all designed to work well together as a single, integrated and cohesive trading strategy.
--
The features available in both editions of QZ are:
1. MOMENTUM OSCILLATOR - the core feature.
The Momentum Oscillator combines four independent stochastic readings to smooth out noise and confirm stronger signals. Stochastic 1 (red) is the fastest or most reactive to price movements, and Stochastic 4 (green) is the slowest or least reactive. Their values oscillate within a 0-100 range; the higher the value, the stronger the momentum, but anything above the 80 line is considered overbought. Similarly anything below the 20 line is oversold.
The Oscillator provides advanced divergence detection: it automatically identifies bullish and bearish divergences for each stochastic, helping traders spot potential reversals early.
When a configurable number of the four stochastics agree in direction and position (oversold/overbought), the background turns red (bearish) or green (bullish).
You can see the individual lines if you switch on Stochastics 1, 2, 3 and 4 in the Style settings tab. However, the default (and recommended) setting is to hide them and show instead the Convergence Band.
2. CONVERGENCE BAND (CB) - a clearer, more useful view based on the Oscillator's stochastic readings.
The CB consists of a red line (Stochastic 1, the "fastest" or most reactive of the four), and a white line (an average of all four stochastics, weighted in favour of Stochastic 4, the "slowest" one). The area between the two lines is shaded with a gradient that turns progressively lighter as the two lines grow closer.
When the CB moves towards oversold (the entire band is above the 80% line), it's an indication that the price might start to come down soon. If both the red and white lines start to curve downwards, this is a confirmation that the bullish momentum is exhausted and a price reversal is happening.
Similarly, when the CB moves towards overbought (the entire band is below the 20% line), it's an indication that the price might start to move up soon. If both the red and white lines start to curve upwards, this is a confirmation that the bearish momentum is exhausted and a price reversal is happening.
The narrower the band (the closer the two lines are to each other), the stronger the signal, especially if there's a visible gap between the band and the oversold/overbought lines at the point where it's curving round.
NB For the signal to be valid, both curving lines must be aligned in the same direction. If they're close together but pointing in opposite directions, they're actually still in "disagreement".
3. BEARISH/BULLISH BACKGROUND COLOURS - Go Short or Go Long signals.
When a configurable number of stochastics (default 3) match the above criteria, the background of the current bar will turn red or green - this indicates a strong signal to go short or long. The colour becomes progressively more opaque the stronger the signal.
4. SUPER DOWN/SUPER UP - Go Short or Go Long confirmations.
When all four stochastics match the 'background colour' criteria, the SUPER Down or Up signal is displayed. This is a red or green "Label" shape. When it appears, it can be considered a very strong signal that the price has bottomed or topped and it may be a good entry point for a short or long. Or it can be taken as confirmation to close a position in the opposite direction.
However, do watch for counter-signals such as the EMA lines in opposition to the current momentum. Also the SUPER Down/Up doesn't appear if the Trend Shield is active.
5. TREND SHIELD - ABCD pattern logic.
QZ recognizes "shield" patterns when Stochastic 4 remains stuck at extreme levels (above 90 or below 10) for a set time, warning of potential trend continuation. The Trend Shield appearing should be seen as a caution about opening a trade in the opposite direction, even if the background has changed colour.
6. EMA TREND LINES - displayed in the main price chart.
Combining both Momentum and Trend readings into one indicator allows for a well balanced trading setup. Generally, while momentum provides strong signals that the price has topped or bottomed-out, a clearly strong EMA Trend tends to override these signals. So it's important to use both when trading.
QZ provides four Exponential Moving Average (EMA) trend lines and a Simple Moving Average (MA) trend line: the 5, 9, 21 and 55 EMAs, and the 200 MA. The EMAs are colour-coded as follows:
5: Red
9: Cyan
21: Yellow
55: Green
The colours are configured using the same setting as the Stochastic 1,2,3 and 4 colours.
When the 21 EMA crosses above the 55 EMA, this is a bullish confirmation of the current upward trend. Similarly when the 21 EMA crosses below the 55 EMA, it's a bearish confirmation of the current downward trend.
By default, only the 9, 21 and 55 EMAs are displayed, as they provide the most relevant data when combined with QZ's Momentum panel. However, as you become more accustomed to using QZ, you may prefer to switch the others on to provide additional on-screen data.
--
The Invite-Only edition of QZ provides the following in addition to the above:
7. EMA CONVERGENCE ZONES - Price trend confirmation.
If the 21 and 55 EMAs look like they'll cross soon, it can be an early sign of a trend continuation. As they grow closer the area between them becomes a Convergence Zone (the shaded area). This provides a visual cue that a strong price trend is about to be confirmed.
If the two EMAs are sloping upwards, the zone is shaded in green to indicate a bullish trend.
If the two EMAs are sloping downwards, the zone is shaded in purple to indicate a bullish trend. (Purple is used because we found that red blended a bit too much with the red candles. The bearish and bullish colours can both be configured though).
8. RETRACEMENT PATTERN - Shows divergence between the Trend and Momentum directions.
The Retracement Pattern is displayed on the main price chart as a bearish (red) or bullish (green) horizontal line - the retracement level.
The bearish retracement level appears whenever the 21 EMA has crossed below the 55 EMA (confirming a bearish trend continuation) but the Momentum Oscillator shows a bullish (green) background within a few bars.
The bullish retracement level appears whenever the 21 EMA has crossed above the 55 EMA (confirming a bullish trend continuation) but the Momentum Oscillator shows a bearish (red) background within a few bars.
The pattern indicates that the price will:
1. continue in the current direction, then
2. retrace to (or slightly past) the retracement level
3. turn around, cross the retracement level a second time, and continue in the initial direction
In practice, 1, 2 or 3 of the steps will play out in full. Keep an eye on other conditions such as the 21 and 55 EMAs crossing back in the other direction.
You can use the pattern in various ways, chiefly:
1. to identify a potential Limit Order entry for when the price has retraced (step 2) and is about to turn back around and cross the retracement level again (step 3)
2. if currently in a trade based on the initial direction, use this as an indication that the price will continue in the same direction for a while (step 1), before retracing to the line (step 2)
See the Retracement Pattern settings tooltips for more details.
--
The following 'change log' entries also give a good indication of recent changes that are available exclusively in the invite-only QZ edition:
20/07/2025
* Retracement Pattern - provides a signal to consider placing a potential Long or Short limit order as the price is expected to retrace to a particular level. The Trend Shield is also activated for the bar where the potential retrace is detected. (See the Settings tooltips for details)
* Three alert conditions added - Possible Bearish Retracement; Possible Bullish Retracement; and Possible Bearish OR Bullish Retracement
* Similarly added a "Bearish OR Bullish" alert for the two existing ABCD Pattern Detected alerts
* Changed the default value for "Convergence Minimum Slope" from 0.05 to 0.005. You should see more highlighting of the EMA lines converging, which can be useful as an indication of continuing trend even if the lines don't eventually cross. Nudge the value higher or switch it back to 0.05 if you see too many though...
* Avoids drawing the bullish EMA Convergence Zone if EMA 21 is already above 55 (and the opposite for bearish). Thanks to Britstralian for spotting this.
* Added colour settings for the SUPER Down/Up signals, along with an explainer tooltip
* Tidy-up - removed the "Show SUPER even if Trend Shield is visible" setting. It's now never displayed if the Trend Shield is visible.
01/07/2025
* Convergence Zone - this is a new feature displayed in the main price chart. When the 21 and 55 EMAs are starting to converge - leading to a likely crossover/under - the zone between the two EMAs is filled-in. This can be used as an early sign that the trend is likely to continue strongly in the current direction.
* Trend Shield - a cosmetic tweak to also use red/green intensity in addition to the transparency, to make the "fading in or out" clearer. The Shield also stands out more now.
* Red/Green background signals - added the above four EMA trends to the opacity calculation. If all four EMAs are in the opposite direction to the bearish/bullish signal, the background will be more transparent.
* SUPER-up/down - this signal now won't show if the Trend Shield is also showing. (Also doesn't send the SUPER alert in that case). There's a new setting if you still want that to happen.
* Tooltips added or updated to give more details about the above changes.
SWC: https://savewithcrypto.org
maff: https://softwarereality.medium.com
YouTube: https://www.youtube.com/@SaveWithCrypto
QZ combines a stochastic momentum oscillator with advanced EMA trend analysis to provide an overall view of price movements that is often spookily accurate.
Our overarching design goal is to keep the on-screen elements minimal and clear, so that it's easy to understand what the indicator is telling you. Additional elements can be switched on if you prefer the extra detail, though.
QZ is most effective when viewed on more than one timeframe. Depending on the asset you're trading, you may find it useful, for example, to compare the results on the 1m, 3m, 12m and 1hr timeframes. The lower TFs can be used to find an early entry, whie the higher TFs provide confirmation of the overall trend and momentum directions.
We recommend that you read the tooltips in the QZ Settings, as they provide additional details on each part of the indicator.
In the settings, any feature with 📉 at the end of its name is trend-related and so is overlaid on the main price chart. All other features are momentum-related and so are shown in QZ's Momentum Oscillator panel.
We've released a free, open source edition of QZ; but this invite-only edition provides a significant number of additional features and enhancements.
At the time of this writing, QZ has a total of eight built-in signals/indicators (with more planned), all designed to work well together as a single, integrated and cohesive trading strategy.
--
The features available in both editions of QZ are:
1. MOMENTUM OSCILLATOR - the core feature.
The Momentum Oscillator combines four independent stochastic readings to smooth out noise and confirm stronger signals. Stochastic 1 (red) is the fastest or most reactive to price movements, and Stochastic 4 (green) is the slowest or least reactive. Their values oscillate within a 0-100 range; the higher the value, the stronger the momentum, but anything above the 80 line is considered overbought. Similarly anything below the 20 line is oversold.
The Oscillator provides advanced divergence detection: it automatically identifies bullish and bearish divergences for each stochastic, helping traders spot potential reversals early.
When a configurable number of the four stochastics agree in direction and position (oversold/overbought), the background turns red (bearish) or green (bullish).
You can see the individual lines if you switch on Stochastics 1, 2, 3 and 4 in the Style settings tab. However, the default (and recommended) setting is to hide them and show instead the Convergence Band.
2. CONVERGENCE BAND (CB) - a clearer, more useful view based on the Oscillator's stochastic readings.
The CB consists of a red line (Stochastic 1, the "fastest" or most reactive of the four), and a white line (an average of all four stochastics, weighted in favour of Stochastic 4, the "slowest" one). The area between the two lines is shaded with a gradient that turns progressively lighter as the two lines grow closer.
When the CB moves towards oversold (the entire band is above the 80% line), it's an indication that the price might start to come down soon. If both the red and white lines start to curve downwards, this is a confirmation that the bullish momentum is exhausted and a price reversal is happening.
Similarly, when the CB moves towards overbought (the entire band is below the 20% line), it's an indication that the price might start to move up soon. If both the red and white lines start to curve upwards, this is a confirmation that the bearish momentum is exhausted and a price reversal is happening.
The narrower the band (the closer the two lines are to each other), the stronger the signal, especially if there's a visible gap between the band and the oversold/overbought lines at the point where it's curving round.
NB For the signal to be valid, both curving lines must be aligned in the same direction. If they're close together but pointing in opposite directions, they're actually still in "disagreement".
3. BEARISH/BULLISH BACKGROUND COLOURS - Go Short or Go Long signals.
When a configurable number of stochastics (default 3) match the above criteria, the background of the current bar will turn red or green - this indicates a strong signal to go short or long. The colour becomes progressively more opaque the stronger the signal.
4. SUPER DOWN/SUPER UP - Go Short or Go Long confirmations.
When all four stochastics match the 'background colour' criteria, the SUPER Down or Up signal is displayed. This is a red or green "Label" shape. When it appears, it can be considered a very strong signal that the price has bottomed or topped and it may be a good entry point for a short or long. Or it can be taken as confirmation to close a position in the opposite direction.
However, do watch for counter-signals such as the EMA lines in opposition to the current momentum. Also the SUPER Down/Up doesn't appear if the Trend Shield is active.
5. TREND SHIELD - ABCD pattern logic.
QZ recognizes "shield" patterns when Stochastic 4 remains stuck at extreme levels (above 90 or below 10) for a set time, warning of potential trend continuation. The Trend Shield appearing should be seen as a caution about opening a trade in the opposite direction, even if the background has changed colour.
6. EMA TREND LINES - displayed in the main price chart.
Combining both Momentum and Trend readings into one indicator allows for a well balanced trading setup. Generally, while momentum provides strong signals that the price has topped or bottomed-out, a clearly strong EMA Trend tends to override these signals. So it's important to use both when trading.
QZ provides four Exponential Moving Average (EMA) trend lines and a Simple Moving Average (MA) trend line: the 5, 9, 21 and 55 EMAs, and the 200 MA. The EMAs are colour-coded as follows:
5: Red
9: Cyan
21: Yellow
55: Green
The colours are configured using the same setting as the Stochastic 1,2,3 and 4 colours.
When the 21 EMA crosses above the 55 EMA, this is a bullish confirmation of the current upward trend. Similarly when the 21 EMA crosses below the 55 EMA, it's a bearish confirmation of the current downward trend.
By default, only the 9, 21 and 55 EMAs are displayed, as they provide the most relevant data when combined with QZ's Momentum panel. However, as you become more accustomed to using QZ, you may prefer to switch the others on to provide additional on-screen data.
--
The Invite-Only edition of QZ provides the following in addition to the above:
7. EMA CONVERGENCE ZONES - Price trend confirmation.
If the 21 and 55 EMAs look like they'll cross soon, it can be an early sign of a trend continuation. As they grow closer the area between them becomes a Convergence Zone (the shaded area). This provides a visual cue that a strong price trend is about to be confirmed.
If the two EMAs are sloping upwards, the zone is shaded in green to indicate a bullish trend.
If the two EMAs are sloping downwards, the zone is shaded in purple to indicate a bullish trend. (Purple is used because we found that red blended a bit too much with the red candles. The bearish and bullish colours can both be configured though).
8. RETRACEMENT PATTERN - Shows divergence between the Trend and Momentum directions.
The Retracement Pattern is displayed on the main price chart as a bearish (red) or bullish (green) horizontal line - the retracement level.
The bearish retracement level appears whenever the 21 EMA has crossed below the 55 EMA (confirming a bearish trend continuation) but the Momentum Oscillator shows a bullish (green) background within a few bars.
The bullish retracement level appears whenever the 21 EMA has crossed above the 55 EMA (confirming a bullish trend continuation) but the Momentum Oscillator shows a bearish (red) background within a few bars.
The pattern indicates that the price will:
1. continue in the current direction, then
2. retrace to (or slightly past) the retracement level
3. turn around, cross the retracement level a second time, and continue in the initial direction
In practice, 1, 2 or 3 of the steps will play out in full. Keep an eye on other conditions such as the 21 and 55 EMAs crossing back in the other direction.
You can use the pattern in various ways, chiefly:
1. to identify a potential Limit Order entry for when the price has retraced (step 2) and is about to turn back around and cross the retracement level again (step 3)
2. if currently in a trade based on the initial direction, use this as an indication that the price will continue in the same direction for a while (step 1), before retracing to the line (step 2)
See the Retracement Pattern settings tooltips for more details.
--
The following 'change log' entries also give a good indication of recent changes that are available exclusively in the invite-only QZ edition:
20/07/2025
* Retracement Pattern - provides a signal to consider placing a potential Long or Short limit order as the price is expected to retrace to a particular level. The Trend Shield is also activated for the bar where the potential retrace is detected. (See the Settings tooltips for details)
* Three alert conditions added - Possible Bearish Retracement; Possible Bullish Retracement; and Possible Bearish OR Bullish Retracement
* Similarly added a "Bearish OR Bullish" alert for the two existing ABCD Pattern Detected alerts
* Changed the default value for "Convergence Minimum Slope" from 0.05 to 0.005. You should see more highlighting of the EMA lines converging, which can be useful as an indication of continuing trend even if the lines don't eventually cross. Nudge the value higher or switch it back to 0.05 if you see too many though...
* Avoids drawing the bullish EMA Convergence Zone if EMA 21 is already above 55 (and the opposite for bearish). Thanks to Britstralian for spotting this.
* Added colour settings for the SUPER Down/Up signals, along with an explainer tooltip
* Tidy-up - removed the "Show SUPER even if Trend Shield is visible" setting. It's now never displayed if the Trend Shield is visible.
01/07/2025
* Convergence Zone - this is a new feature displayed in the main price chart. When the 21 and 55 EMAs are starting to converge - leading to a likely crossover/under - the zone between the two EMAs is filled-in. This can be used as an early sign that the trend is likely to continue strongly in the current direction.
* Trend Shield - a cosmetic tweak to also use red/green intensity in addition to the transparency, to make the "fading in or out" clearer. The Shield also stands out more now.
* Red/Green background signals - added the above four EMA trends to the opacity calculation. If all four EMAs are in the opposite direction to the bearish/bullish signal, the background will be more transparent.
* SUPER-up/down - this signal now won't show if the Trend Shield is also showing. (Also doesn't send the SUPER alert in that case). There's a new setting if you still want that to happen.
* Tooltips added or updated to give more details about the above changes.
Note di rilascio
Screenshot updatedNote di rilascio
- Improved the EMA convergence detection resulting in fewer "false alerts"
- Retracement Level - default values: "# bars after" nudged from 7 up to 12; "bearish and bullish levels" are now both on the candle Open.
- Retracement Level - Made the "go long/short" triangles on the price chart a bit stricter - now the green "go long" triangle won't appear if if it's in a bearish convergence zone or if the red bg appeared in the same bar (and vice versa). The "go long/short" triangles are also a bit less opaque now.
- Removed "showSuperIfShieldVisible" setting entirely - it now always doesn't show the Super Up/Down if the opposite Shield is visible.
- Nudged Convergence Minimum Slope default down to 0.005
Note di rilascio
v1.2 maintenance release- Retracement Level now has its own "Min # Stochastics" setting, so it can be fine-tuned without affecting the red/green backgrounds. The default is 2 (vs 3 for the red/green backgrounds), resulting in earlier - but equally reliable - detection of the Retracement Pattern.
- Ensure the Retracements arrow-head shows up in cases where the retracement was detected very near the initial cross.
- Slight tweak - if the price has come back to the retracement level, it only "counts" if it's after the arrowhead. This stops a retracement from "short-circuiting" before it's properly played out.
- Overbought/Oversold levels are now in the settings. Change these values at your peril, but they're there for people who want to fine-tune performance for a specific chart or timeframe.
Note di rilascio
- Convergence Band - the gradient colouring is now based on the strength or weakness of the bearish/bullish momentum. Not to be taken as a "go long" or "go short" signal, rather it's a visual guide to the market strength at the candle being currently drawn.
- Midrange Cross - Red/Green background can now appear (or be strengthened) if the red and white stochastics cross somewhere in the midrange (+ a few other conditions - see the tooltip)
- Retracements no longer affect the Trend Shield (good to keep them separate)
- Combined "Background Colour Change" Alert - triggered if either the Red or Green backgrounds are displayed. This allows you to set just the one alert instead of two
- Hyper-Alert - a new alert that combines ALL the other alerts apart from Trend Shield (because the Trend Shield itself is intended more as a counter-signal to balance out other signifiers that might be flashing red or green)
Note di rilascio
- Simultaenous Retracements - up to 5 retracements of the same type (bearish or bullish) can now appear simultaneously at different levels.
- Allows more long-term retracements to play out while "quicker" retracements appear during that time; and will allow other enhancements such as retracements based on different EMAs, drawing of "step 3" without preventing other "step 2"s being drawn.
- NOTE: You may need to set up your alerts again, as the ones currently active will be based on the previous version so would miss any overlapping retracements
- Retracements step 3 is now plotted as well as step 2. This will allow Retracement stats to be produced (% that completed steps 1,2,3)
- Settings tidy-up - removed the retracements line width & colours. While this might seem mean(!), it reduces the number of "plots" being drawn, keeping within TV's limit - allowing additional "meaningful" plots to be added instead.
- For a similar reason, removed the white 200 SMA plot. It can be shown if required via TV's SMA indicator.
- Some tweaking of the Trend Shield adaptive shading. It's a bit more accurate now, but this also helped to reduce the number of plots being drawn.
- Retracement Stats (off by default, find in the settings)
Note di rilascio
Release notes:- Faster-EMA Convergence Zones (EMAs 9 & 21)
- 9 EMA enabled by default
- Faster-EMA Retracement Patterns (also based on 9 & 21) - they're identified earlier and more often, but are overall slightly less accurate depending on the chart
- "Keep plotting Step 3 if the retraced candle is opposite" setting is now true by default.
This slightly lowers the Step 3 % completed (can see this in the Stats table), but overall you get a more meaningful result. - Removed the "go long/short" triangles on the price chart - bit of an evolutionary dead-end there. The things that work well, we keep!
- Stats - slight visual tweak to remind whether Step 3 is a % of step 2 or step 1
Note di rilascio
Minor bug fix to keep SWC happy (Thanks maff)Script su invito
Solo gli utenti approvati dall'autore possono accedere a questo script. È necessario richiedere e ottenere l'autorizzazione per utilizzarlo. Tale autorizzazione viene solitamente concessa dopo il pagamento. Per ulteriori dettagli, seguire le istruzioni dell'autore riportate di seguito o contattare direttamente SaveWithCrypto.
Si noti che questo script privato, ad invito, non è stato esaminato dai moderatori e la sua conformità con il Regolamento non è stata accertata. TradingView NON consiglia di pagare o utilizzare uno script a meno che non ci si fidi pienamente del suo autore e non si comprenda il suo funzionamento. Puoi anche trovare alternative gratuite e open-source nei nostri script della comunità.
Istruzioni dell'autore
Access to this indicator is available here: https://savewithcrypto.org/qz/
Questions? Ask in the Save With Crypto Discord: go to https://savewithcrypto.org/discord/
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script su invito
Solo gli utenti approvati dall'autore possono accedere a questo script. È necessario richiedere e ottenere l'autorizzazione per utilizzarlo. Tale autorizzazione viene solitamente concessa dopo il pagamento. Per ulteriori dettagli, seguire le istruzioni dell'autore riportate di seguito o contattare direttamente SaveWithCrypto.
Si noti che questo script privato, ad invito, non è stato esaminato dai moderatori e la sua conformità con il Regolamento non è stata accertata. TradingView NON consiglia di pagare o utilizzare uno script a meno che non ci si fidi pienamente del suo autore e non si comprenda il suo funzionamento. Puoi anche trovare alternative gratuite e open-source nei nostri script della comunità.
Istruzioni dell'autore
Access to this indicator is available here: https://savewithcrypto.org/qz/
Questions? Ask in the Save With Crypto Discord: go to https://savewithcrypto.org/discord/
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.