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Kumo no Nami Trend Strength Identifier T2[T69]🧠 Overview Kumo no Nami is a custom trend strength indicator that combines Ichimoku cloud dynamics (Kumo) with wave momentum (Nami) to identify trend direction, reversals, squeezes, and breakouts using Z-Score analysis. It adapts to different modes (Ichimoku, MA, EMA) for a flexible interpretation of price structure tension vs. movement strength. 🔍 Core Logic Kumo Width (Cloud Pressure): Measures the normalized spread (Z-Score) between two dynamic price levels (e.g., Senkou A-B or Base-Tenkan). Nami Strength (Wave Energy): Measures how far current price dislocates from a recent range using Z-Score of the difference between close and Donchian/MA. Z-Score Normalization: Ensures both metrics are statistically comparable, regardless of volatility regime. Squeeze Detection: Identifies compression before potential volatility expansion. Breakout/False Break: Detects whether movement is legitimate or noise. Final Top/Bottom: Highlights a strong burst post-squeeze, often signaling exhaustion or trend climax. ⚙️ Features 🌀 Multiple Kumo Modes: Kijun-Tenkan Senkou A - B SMA Fast - Slow EMA Fast - Slow 🟨 Z-Score Based Squeeze Monitoring 🟥 Final Burst Alerts 🟩 Trend Continuation or Fake-out Detection 🎨 Dynamic Background Coloring for visual signal clarity 🔧 Configuration 📊 Inputs Kumo Mode (kt, sab, sfs, efs) – Choose method to compute Kumo (Cloud) width. Kumo Lookback – Lookback period for cloud Z-Score analysis. Nami Lookback – Lookback period for wave dislocation measurement. Squeeze Threshold – How low Z-Kumo must fall to signal potential squeeze. Burst Thresholds: Burst Kumo → Z-Kumo must rise above this to be considered bursting. Burst Nami → Nami Strength threshold for final trend climax. Ichimoku Config – Tenkan, Kijun, Senkou B, and displacement. MA Config – For Fast/Slow variants, SMA/EMA lengths. 🧪 How It Works Compute the Kumo Width depending on selected mode. E.g., |Tenkan - Kijun| or |Senkou A - Senkou B| Normalize this width with its Z-Score to get Z-Kumo Width. Compute Nami Strength: Z-Score of how far close deviates from a Donchian channel or moving average. Evaluate signal logic based on the two: 📈 Behavior & Signals Trend Range (Sideways Consolidation) =>Z-Kumo < 0 and |Nami Strength| > 2 False Break (No meaningful price movement) =>Z-Kumo < 1 and |Nami Strength| < 1 Squeeze Watch (Potential breakout loading) =>Z-Kumo < Squeeze Threshold Final Burst / Climax =>Z-Kumo > 2.5 and |Nami Strength| > 3 Bullish Breakout =>Z-Kumo > 1 and Nami Strength > 2 and not false break Bearish Breakout =>Z-Kumo > 1 and Nami Strength < -2 and not false break Reversal Detection Crossovers of Nami Strength across 0 (bull/bear) while not in squeeze 🧠 Advanced Concepts Used Z-Score: =>(value - mean) / standard deviation for detecting statistically significant moves. Squeeze Principle: =>Low volatility → potential buildup → expansion. Price Dislocation (Wave Strength): =>Measures how far current price is from its mean range. =>Cloud Tension (Kumo Z-Score): =>Reflects pressure or neutrality in the price structure. Trend Confirmation: =>Only if both metrics agree and no false break conditions are met.
Indicatore Pine Script®
di Teyo69
Live Market - Performance MonitorLive Market - Performance Monitor – Study Material & Usage Guide Overview: The Live Market - Performance Monitor is a multi-layered TradingView indicator that assists traders in identifying high-probability setups by combining key technical elements: order block detection, dynamic trendline analysis, volume and volatility filtering, signal validation, and ATR-based target projection. This guide provides the essential logic, formulas, and practical steps to help users apply the system effectively. ________________________________________ Key Functional Features and Formulas ________________________________________ 1. Order Block Detection The indicator identifies price zones where strong institutional buying or selling has likely occurred, based on candle sequences. • User Input: Number of consecutive candles to define relevance (e.g., 3–7 bars) • Validation Formula: • Price Move % = |Close(n) - Close(1)| / Close(n) × 100 • Bullish Order Block: A bearish candle followed by consecutive bullish candles • Bearish Order Block: A bullish candle followed by consecutive bearish candles Only valid zones that meet a minimum price move threshold are retained and plotted. ________________________________________ 2. Trendline Logic Trendlines are dynamically plotted using price pivots. • Pivot Calculation: Highs and lows over a lookback period (e.g., 10 bars) • Trendline Slope: • Slope = (Pivot_new - Pivot_old) / (Time_new - Time_old) • Trendline Projection: • Projected Price = StartPrice + Slope × (CurrentTime - StartTime) These lines act as dynamic support/resistance zones and are used to confirm breakout trades. ________________________________________ 3. Volume and ATR Filters Signals are filtered using real-time volume and volatility analysis to eliminate low-quality setups. • Average Volume: • AvgVol = SMA(Volume, 20) • Volume Spike Condition: • Volume > AvgVol × VolumeThreshold • ATR (Volatility Filter) – Calculated using 14-bar period: • (High - Low) > ATR × ATRMultiplier When both filters are passed, the market is considered active and valid for trade. ________________________________________ 4. Signal Generation Logic • Bullish Signal: Triggered when: o Price breaks above a resistance zone or bullish order block o Volume and ATR filters confirm activity o Trend alignment: EMA9 > EMA21 > EMA50 • Bearish Signal: Triggered under opposite conditions: o Price breaks below a support zone or bearish order block o Trend alignment: EMA9 < EMA21 < EMA50 Labels such as "BUY" or "SELL" appear on the chart at the trigger candle. ________________________________________ 5. Target and Stop Loss Projection The script dynamically calculates TP (take profit) and SL (stop loss) levels based on the ATR. • For Long Trades: • TP = High + (ATR × 2) • SL = Low - (ATR × 1) • For Short Trades: • TP = Low - (ATR × 2) • SL = High + (ATR × 1) These levels are plotted on the chart and adjust as price evolves. ________________________________________ 6. Performance Tracking The script automatically tracks wins and losses for each signal based on TP/SL outcomes. • Win Rate Formula: • Win Rate (%) = (Number of Wins / Total Signals) × 100 This is useful for evaluating the system over time and adjusting risk or position sizing. ________________________________________ Practical Usage Steps 1. Apply the Indicator o Add to your chart via Pine Editor or Indicators menu. o Configure all input parameters including OB periods, pivot lookback, volume threshold, and ATR multiplier. 2. Signal Monitoring o Wait for a "BUY" or "SELL" label to appear on the chart. o Confirm alignment using:  EMA trend stacking (e.g., EMA9 > EMA21 > EMA50)  RSI/MACD momentum  Volume and ATR filters 3. Trade Execution o Enter the trade on the candle following the signal. o Use the plotted TP/SL lines to manage the trade. o Monitor price action; exit if trend shifts or targets are achieved. 4. Review Performance o Use the win rate and PnL counters to monitor your success. o Analyze losing trades for trend or filter failures and optimize settings accordingly. ________________________________________ Alerts The script includes alert support for: • Signal Triggers: BUY or SELL label detection • Take Profit / Stop Loss Hits: Automatically notifies when TP or SL is reached These can be configured for push, email, or webhook delivery via TradingView alert settings. ________________________________________ Disclaimer from aiTrendview This tool and the content provided by aiTrendview.com are for educational and research purposes only. They do not constitute investment advice, trading recommendations, or financial guidance. All forms of trading involve significant risk. Past performance does not guarantee future outcomes. Users are fully responsible for their trading decisions, including risk management, position sizing, and due diligence. It is strongly advised to test all strategies on a demo account before applying them to live capital. Consult a licensed financial advisor if necessary.
Indicatore Pine Script®
di aiTrendview-Charting-System
2
EMA Buy Sell All-in-One✨ Description (แนะนำให้ใช้ตอนกด Publish): This all-in-one indicator combines several powerful trading tools into one script: • EMA Cross Entry System: Customizable fast/slow EMA cross for buy/sell signals • Dynamic SL/TP System: Choose between swing-based or custom SL/TP; auto-calculated RR support • HH, HL, LH, LL Labels: Market structure points marked directly on chart (toggle ON/OFF) • Multi-Timeframe Trend Table: Visual overview of EMA trends across D1 → M1 timeframes • H1 Trend Change Icons: Alerts when the hourly trend flips direction ➤ Clean and responsive display ➤ Fully customizable via input panel ➤ Great for intraday or swing traders following trend + structure alignment Feel free to fork or modify. Made for those who want clarity and confluence in one view.
Indicatore Pine Script®
di Phim2323
Signal Strength Technical AnalysisSignal Strength Technical Analysis – Study Material & Usage Guide Overview: This tool is a multi-layered TradingView indicator developed to help traders identify high-probability trade setups using order block detection, dynamic trendlines, volume and volatility filters, and ATR-based target projections. This guide outlines each feature, its formulaic foundation, and how to use the tool effectively in live markets. ________________________________________ Key Features and How to Use Them 1. Order Block Detection: The script identifies institutional-level buying/selling zones using sequences of directional candles. • You define the number of consecutive candles to qualify an order block. • A move qualifies as an order block if: • Price Move % = |Close(n) - Close(1)| / Close(n) × 100 ≥ Threshold • Bullish Order Block: A down candle followed by multiple up candles. • Bearish Order Block: An up candle followed by multiple down candles. These blocks are plotted and used for trade entry confirmation and support/resistance analysis. ________________________________________ 2. Trendline Logic: Support and resistance lines are drawn dynamically using pivots. • Pivot highs/lows are identified over a user-defined period (e.g., 10 bars). • Trendline slope is calculated using: • Slope = (Pivot_new - Pivot_old) / (Time_new - Time_old) • Current projected support or resistance: • Price = StartPrice + Slope × (CurrentTime - StartTime) Breakouts beyond these levels are interpreted as potential trade signals when confirmed by other filters. ________________________________________ 3. Volume and ATR Filters: These filters help eliminate weak or low-conviction signals. • Average Volume: • AvgVol = SMA(Volume, 20) • Volume Spike Detection: • Volume > AvgVol × VolumeThreshold • ATR Volatility Filter (ATR over 14 bars): • (High - Low) > ATR × ATRMultiplier If both filters pass, the market is considered active and eligible for trade setup. ________________________________________ 4. Signal Generation Logic: • Bullish Signal: Triggered when: o Price breaks above resistance or a bullish order block o Volume and ATR filters are passed o Trend is confirmed: EMA9 > EMA21 > EMA50 • Bearish Signal: Triggered when: o Price breaks below support or a bearish order block o Volume and ATR filters are passed o Trend is confirmed: EMA9 < EMA21 < EMA50 ________________________________________ 5. Target and Stop Loss Projection: Based on the Average True Range (ATR): • For Long Trades: • TP = High + (ATR × 2) • SL = Low - (ATR × 1) • For Short Trades: • TP = Low - (ATR × 2) • SL = High + (ATR × 1) Targets and stops are plotted on the chart and update dynamically. ________________________________________ 6. Trade Management and Win Rate Calculation: • Once in a trade, the script monitors price: o Hits TP → Recorded as win o Hits SL → Recorded as loss • Win Rate Calculation: • Win Rate = (Wins / Total Signals) × 100% This helps track the strategy's live effectiveness and improve decision-making. ________________________________________ How to Use the Indicator – Practical Steps 1. Setup o Add the indicator to your TradingView chart o Configure OB periods, trendline pivots, volume and ATR multipliers o Adjust display preferences 2. Wait for Signal o Look for a “BUY” or “SELL” label to appear o Confirm with:  EMA trend alignment  RSI and MACD momentum  Volume and ATR filters 3. Execute Trade o Enter on the next bar after confirmation o Use the plotted TP/SL levels as risk management o Adjust position sizing according to your trading rules 4. Manage Trade o Monitor PnL and win rate live o Exit manually or let price hit TP/SL o Respect the indicator’s environment reading (avoid trading in low-volatility or sideways zones) ________________________________________ Alerts and Automation • The script includes built-in alert conditions for: o Buy/Sell signal confirmation o Take-profit level reached o Stop-loss triggered Enable alerts in TradingView to receive real-time notifications to your mobile, email, or connected services. ________________________________________ Disclaimer from aiTrendview This tool is provided for educational and research purposes only. It is not intended as financial advice or an investment recommendation. Trading in financial markets involves substantial risk. Past performance does not guarantee future results. The user alone is responsible for all trading decisions, including risk management and strategy selection. We strongly recommend testing this tool on a demo account before applying it to real capital and consulting a licensed financial advisor where necessary.
Indicatore Pine Script®
di aiTrendview-Charting-System
simple trend Scanner Dashboard Script Does - Calculates key metrics: - Percent Change from previous day - Relative Volume (% vs 10-bar average) - RSI and ADX for strength/trend - 20 EMA for dynamic support/resistance - Classifies market condition: - 🟢 Strong if RSI > 60 and ADX > 25 - 🔴 Weak if RSI < 40 and ADX < 20 - ⚪ Neutral otherwise - Displays a table dashboard: - Compact, color-coded summary of all metrics - Easy to scan visually - Plots visual signals: - Arrows and triangles for percent change and volume spikes - Data window plots for deeper inspection
Indicatore Pine Script®
di Stocktuner
Fixed 4H BTC/Altcoins Correlation for Scalping Fixed 4H Timeframe: The calculation is hardcoded to the 4-hour timeframe. This ensures the correlation value remains stable and relevant for structural analysis while you trade on lower timeframes. Clean On-Screen Display: Instead of a separate plot line that can clutter the chart, the indicator displays the correlation value in a clean, simple table in the top-right corner. Dynamic Coloring: The correlation value is color-coded for quick visual assessment: Green: Strong correlation (> 0.70) Yellow: Moderate correlation (0.30 to 0.70) Red: Weak or negative correlation (< 0.30) Customizable Inputs: Users can easily configure the BTC symbol (e.g., BINANCE:BTCUSDT, COINBASE:BTCUSD), the correlation lookback period (Length), and the price source (Source) to match their reference indicators or preferences. Add the indicator to your chart (for example, a 5-minute chart of any altcoin). The table in the top-right corner will immediately display the altcoin's current correlation to BTC, based on 4-hour data. Use this value to gauge market sentiment. A high positive correlation suggests the altcoin is likely to follow BTC's moves. A low or negative correlation suggests the altcoin is moving independently. For perfect synchronization with another standard correlation indicator, go to the script's settings (⚙️ icon) and ensure the Length and Source parameters are identical to your reference indicator. This tool aims to bridge the gap between high-frequency trading and high-timeframe market structure, providing a crucial piece of information in a simple, stable, and accessible format.
Indicatore Pine Script®
di Nikrostrategy
Adaptive Weighted Regression Channel (AWRC)Short Description: The Adaptive Weighted Regression Channel (AWRC) is an advanced technical analysis tool that plots a dynamic regression channel based on the recent price action. The centerline is a linear regression (trendline) fitted to the selected price source over a rolling window. The channel boundaries are placed above and below the regression line by a user-selected multiple of the weighted standard deviation. What makes AWRC unique is its ability to optionally weight each bar’s importance in the regression using Volume, ATR (Average True Range), or Recency Decay, offering a channel that can adapt to market volatility, participation, or trend acceleration. Parameter Explanations: length: Number of bars for the regression window (how many recent candles are included). Higher values = smoother, less sensitive channel. StdDev Multiplier (mult): Controls the channel width. 2.0 is classic; higher = wider channels, lower = tighter. Enable Weighting?: Turn ON to activate weighting of each bar. If OFF, all bars are equally weighted (classic regression channel). Weight Type: Select what to use for weights (only active if Enable Weighting is ON): "Volume": Higher volume bars have more influence on the regression. "ATR": Bars with higher volatility (as measured by ATR) have more influence. "Decay": More recent bars are given more weight (controlled by Decay parameter). Decay: If Weight Type is "Decay", this controls the rate of recency decay. (e.g. 0.98 = slow decay; 0.90 = fast decay; values close to 1 mean a longer memory.) Source for the calculation (src): Selects which price is regressed. Default is hl2 (average of high and low); you can choose close, open, etc. Recommended Parameters: For general use: length = 34, mult = 2.0, Enable Weighting = OFF, src = hl2 For volume-aware channel: Enable Weighting = ON, Weight Type = "Volume" For volatility sensitivity: Enable Weighting = ON, Weight Type = "ATR" For extra focus on recent price: Enable Weighting = ON, Weight Type = "Decay", Decay = 0.95 or 0.98 For swing trading: length = 21–55, mult = 1.5–2.5 For intraday/scalping: length = 10–20, mult = 1.0–1.5 Usage Tips: The regression line shows the "best fit" trend for the selected window. The channel captures the typical range; price breaking outside the channel can signal strength, exhaustion, or breakout. Volume and ATR weighting help the channel adapt to market participation or volatility spikes. Decay weighting locks onto the most recent trend direction quickly. Adjust parameters to fit your timeframe and market volatility. Use AWRC to spot trending moves, reversals, or overextensions. Try different weighting and channel settings to match your trading style!
Indicatore Pine Script®
di wrathwd
X EMA EQThe X EMA EQ is a versatile technical analysis tool designed to overlay price action with customizable Exponential Moving Averages (EMAs) and real-time equilibrium levels. Ideal for intraday traders, it blends trend-following and mean-reversion concepts to highlight both directional bias and potential value zones. 🔹 Key Features: 1. Dual EMA Visualization Plot up to two user-defined EMAs (default: 20 and 50 periods). Independently toggle and style each EMA to suit your strategy. Helps track short- and mid-term trend dynamics with clarity. 2. Running Equilibrium Bands Displays a real-time dynamic price range based on the highest high and lowest low over a user-defined rolling window (default: 15 minutes). Includes upper/lower quartile lines and a central midpoint, giving structure to intraday price movement. Useful for identifying compression, breakouts, and fair value zones. 3. Linear Regression Overlay (Optional) Apply a smoothed linear regression curve across the same time window. Highlights directional momentum and price mean trajectory. Valuable for assessing slope bias and trend strength over the equilibrium period. 4. Intraday Timeframe Optimization Designed specifically for intraday charts with minute-based resolutions (30 seconds to 60 minutes). Auto-adjusts logic based on the current chart’s timeframe. 5. Clean Visual Design Minimalist and translucent color schemes ensure readability without clutter. All components are independently toggleable for full customization. ⚙️ Settings Overview: EMA Settings: Enable/disable each EMA, set lengths and colors. Time & Price Settings: Define the running equilibrium period (in minutes), control visibility of bands and regression line, and adjust styling. X EMA EQ offers a compact yet powerful visual framework for traders seeking to align with short-term trend structure while keeping an eye on evolving price balance zones.
Indicatore Pine Script®
di KinetiCapital
Triple HMA Bands (1.2 / 1.4 / 1.6)📈 Triple HMA Bands — Custom Volatility & Trend Indicator Description: The Triple HMA Bands indicator combines the Hull Moving Average (HMA) with volatility-based envelopes, similar to Bollinger Bands, to visualize trend direction and market extremes. The HMA (length 90) serves as the central trend line, offering a smooth and responsive view of market direction. Surrounding the HMA are three dynamic bands calculated using standard deviations of price: Inner Band (1.2σ) — normal volatility range. Middle Band (1.4σ) — elevated volatility zone. Outer Band (1.6σ) — statistically extreme price movement. The shaded zones between the bands help visualize volatility expansion and contraction, making it easier to identify: Trend strength and stability Potential reversal zones Breakout or breakdown events How to Use: Price staying within the inner band may indicate a stable trend or consolidation. Price reaching or exceeding the outer band suggests overbought/oversold conditions and potential reversal. Widening bands = rising volatility; narrowing bands = low volatility, often before a breakout. This indicator is ideal for trend traders, mean reversion strategies, or anyone wanting a volatility-sensitive trend filter.
Indicatore Pine Script®
di mppretorius85
Bullish/Bearish Trend Indicator [MTF + Alerts] by Dow theory Summary of Logic: ✅ Bullish Trend: Setup Bar: High > Previous High AND Low ≥ Previous Low Confirmation Bar: High > Highest High of last 3 candles, Low ≥ Setup Bar Low Trend Continues Until: Latest candle breaks 2nd last candle’s low → then trend becomes Bearish 🔻 Bearish Trend: Setup Bar: Low < Previous Low AND High ≤ Previous High Confirmation Bar: Low < Lowest Low of last 3 candles, High ≤ Setup Bar High Trend Continues Until: Latest candle breaks 2nd last candle’s high → then trend becomes Bullish
Indicatore Pine Script®
di Shailesh70657
Parabolic SAR Buy Zone📈 Parabolic SAR Buy Zone — Early Trend Reversal Indicator This script highlights bullish reversals based on the Parabolic SAR (Stop and Reverse) indicator. 🧠 Key Features: Uses SAR parameters: Start: 0.02, Increment: 0.005, Max: 0.2 Visually marks the Buy Zone when SAR falls below the price Background is light blue to show accumulation or early reversal zones Yellow SAR dots help identify trend direction and potential exits Includes alerts when SAR flips from bearish to bullish, signaling potential entry points ✅ Best Used For: Identifying early trend reversals Swing trading setups on daily or weekly charts Combining with volume, RSI, or support zones for confirmation 🛎️ Customize alert to stay notified when new buy zones appear on your favorite stocks or cryptos.
Indicatore Pine Script®
di tarangbharti18
ZigZag Volume Profile [ChartPrime]⯁ OVERVIEW ZigZag Volume Profile combines swing structure with volume analytics by plotting a ZigZag of major price swings and overlaying a detailed volume profile around each swing. At the end of each swing, it highlights the Point of Control (POC) — the price level with the highest traded volume — and extends it forward to identify key areas of potential support or resistance. ⯁ KEY FEATURES ZigZag Swing Detection: Automatically detects swing highs and lows based on a user-defined length, creating clean visual segments of market structure. These segments act as boundaries for volume profile calculations. swingHigh = ta.highest(swingLength) swingLow = ta.lowest(swingLength) ZigZag Channel Visualization: The ZigZag structure is connected with sloped lines, forming a visual “channel” of the price movement. The ZigZag can optionally, scaled by ATR. Volume Profile Around Each Swing: For every completed swing (high to low or low to high), the indicator constructs a full volume profile using user-defined bin counts. It scans volume across price levels in the swing and plots histogram-style bins using a gradient color to indicate volume magnitude. Dynamic Bin Width and Slope Adjustment: Bins are distributed across a vertical ATR-based range, and their width is adjusted based on the percentage of total swing volume. The volume fill direction is adapted to the swing’s slope for visually aligned plotting. POC Detection and Extension: The highest volume bin in each swing is identified as the Point of Control (POC). This level is plotted with a thicker line and extended horizontally into the future as a key reaction level. Automatic POC Expiry on Price Interaction: POC lines are continuously extended unless breached by price. When price crosses the POC level, the extension is terminated — signaling that the level may have been absorbed. Clean Volume Bin Visualization: Bin colors range from green (low volume) to blue (higher volume), with the POC always marked in red by default for easy identification. Volume percentages are optionally labeled at each bin level. Flexible Swing Profile Parameters: Users can control: Number of volume bins Bin width Channel width (ATR factor) Visibility of the swing channel or POC lines Efficient Memory Handling: Old POC lines and volume profiles are automatically removed from memory after a threshold to keep charts clean and performant. ⯁ USAGE Use ZigZag swings to define market structure visually. Analyze volume profile around each swing to understand where most trading activity occurred. Use POC extensions as dynamic support/resistance zones for entries, stops, or take-profits. Watch for price interaction with extended POC lines — breaks may suggest absorbed liquidity or breakout potential. Use the ATR-based channel width to adapt profiles based on market volatility. ⯁ CONCLUSION ZigZag Volume Profile offers a powerful fusion of structure and volume. By plotting detailed volume profiles over each price swing and extending the POC as actionable S/R levels, this tool provides deep insight into market participation zones — giving traders a tactical edge in both ranging and trending environments.
Indicatore Pine Script®
di ChartPrime
3
Bollinger Levels Table - Horizontal Support ZonesBollinger Levels Table - Horizontal Support Zones Indicator (with Customizable Options) The "Bollinger Levels Table - Horizontal Support Zones" indicator is a comprehensive tool designed to help you identify potential support areas on your chart using moving averages and Bollinger Bands. The indicator displays an organized table of key price levels and draws horizontal lines on the chart, providing clear visibility of potential support zones. What Does This Indicator Do? This indicator aims to simplify support analysis by consolidating and displaying significant price levels derived from three different Bollinger Band settings: BB10, BB20, and BB50. It calculates both the Mid-line (Basis) and the Lower Band for each of these settings. Furthermore, the indicator automatically arranges these levels from highest to lowest in an easy-to-read table, assigning a "Payment" label to each level. These "Payments" are simply labels to help you track the levels in descending order. How Does This Indicator Work? Bollinger Band Calculations: The indicator uses the standard Bollinger Band formula: Mid-line (Basis): A Simple Moving Average (SMA) of the closing price over a specified period. Standard Deviation (Dev): The standard deviation of the closing price over the same period, multiplied by a Multiplier. Lower Band: The Mid-line minus the Standard Deviation. These calculations are applied to three different periods: 10, 20, and 50, providing a variety of potential support levels based on different timeframes. You can adjust the values for these lengths (10, 20, 50) and the Multiplier through the indicator's settings. Table Construction: A dynamic table is created on the chart (which can be positioned in the top or bottom right corner based on the current price's position). This table displays: Indicator: The name of the Bollinger Band level (e.g., BB10 Mid, BB20 Lower). Price: The exact price value of that level. Payments: A label indicating the level's order in the table. Level Ordering: All calculated levels are dynamically sorted from highest to lowest to present them in a logical order within the table. Horizontal Line Plotting: Horizontal lines are drawn on the chart for each selected level, providing a visual representation of the potential support areas. These lines are colored black and have a consistent width for easy identification. How to Use This Indicator: This indicator is intended to provide potential entry points or accumulation zones for trades, especially for traders employing Dollar-Cost Averaging (DCA) strategies or building positions in stages. The levels displayed in the table and on the chart can represent potential support levels where one might consider initiating or adding to a position. In the indicator's settings, you'll find important options: Multiplier: Controls the width of the Bollinger Bands (default 2.0). BB Lengths: Allows you to adjust the periods for the moving averages (default 20, 50, 10). Visible Levels: This is the new feature! Here, you can select which levels you wish to see in the table and on the chart. Simply check or uncheck the boxes next to each level (BB10 Mid, BB10 Lower, and so on) to customize the indicator's display according to your strategy and needs. Underlying Concepts: This indicator is based on the principle that Bollinger Bands can act as dynamic support and resistance zones. Mid-line (SMA): Often functions as a medium-term support or resistance. Lower Band: Typically indicates that the price is relatively low and may find support, making it a potential area for buying or starting to build a position. By combining different Bollinger Band timeframes (10, 20, 50), the indicator gives you a multi-timeframe perspective on support areas, helping you identify the most relevant levels for your strategy. Note: While the indicator provides "Payments" for the levels, this is purely a sequential labeling within the table to assist your position-building strategy. There is no actual payment functionality associated with this indicator.
Indicatore Pine Script®
di khalidaladdin1990
Candle Channel█ OVERVIEW The "Candle Channel" indicator is a versatile technical analysis tool that plots a price channel based on the Simple Moving Average (SMA) of candlestick midpoints. The channel bands, calculated based on candlestick volatility, form dynamic support and resistance levels that adapt to price movements. The script generates signals for reversals from the bands and SMA breakouts, making it useful for both short-term and long-term traders. By adjusting the SMA length, the channel can vary in nature—from a wide channel encapsulating price movement to narrower support/resistance or trend-following bands. The channel width can be further customized using a scaling parameter, allowing adaptation to different trading styles and markets. █ MECHANISM Band Calculation The indicator is based on the following calculations: Candlestick Midpoint: Calculated as the arithmetic average of the candle’s high and low prices: (high + low) / 2. Simple Moving Average (SMA): The average of candlestick midpoints over a specified length (default: 20 candles), forming the channel’s centerline. Average Candle Height: Calculated as the average difference between the high and low prices (high - low) over the same SMA length, serving as a measure of market volatility. Band Scaling: The user specifies a percentage of the average candle height (default: 200%), which is multiplied by the average height to create an offset. The upper band is SMA + offset, and the lower band is SMA - offset.Example: For an average candle height of 10 points and 200% scaling, the offset is 20 points, meaning the bands are ±20 points from the SMA. Channel Characteristics: The SMA length determines the channel’s dynamics. Shorter SMA values (10–30) create a wide channel that contains price movement, ideal for scalping or short-term trading. Longer SMA values (above 30, e.g., 50–100) transform the channel into narrower support/resistance or trend-following bands, suitable for longer-term analysis. Band scaling further adjusts the channel width to match market volatility. Signals Reversal from Bands: Signals are generated when the price closes outside the band (above the upper or below the lower) and then returns to the channel, indicating a potential trend reversal. SMA Breakout: Signals are generated when the price crosses the SMA upward (bullish signal) or downward (bearish signal), suggesting potential trend changes. Visualization Centerline: The SMA of candlestick midpoints, displayed as a thin line. Channel Bands: Upper and lower channel boundaries, with customizable colors. Fill: Options include a gradient (smooth color transition between bands) or solid color. The fill can also be disabled for greater clarity. █ FEATURES AND SETTINGS SMA Length: Determines the moving average period (default: 20). Values of 10–30 are suitable for a wide channel containing price movement, ideal for short-term timeframes. Longer values (e.g., 50–100) create narrower support/resistance or trend-following bands, better suited for higher timeframes. Band Scaling: Percentage of the average candle height (default: 200%). Adjusts the channel width to match market volatility—smaller values (e.g., 50–100%) for narrower bands, larger values (e.g., 200–300%) for wider channels. Fill Type: Gradient, solid, or no fill, allowing customization to user preferences. Colors: Options to change the colors of bands, fill, and signals for better readability. Signals: Options to enable/disable reversal signals from bands and SMA breakout signals. █ HOW TO USE Add the script to your chart in TradingView by clicking "Add to Chart" in the Pine Editor. Adjust input parameters in the script settings: SMA Length: Set to 10–30 for a wide channel containing price movement, suitable for scalping or short-term trading. Set above 30 (e.g., 50–100) for narrower support/resistance or trend-following bands. Band Scaling: Adjust the channel width to market volatility. Smaller values (50–100%) for tighter support/resistance bands, larger values (200–300%) for wider channels containing price movement. Fill Type and Colors: Choose a gradient for aesthetics or a solid fill for clarity. Analyze signals: Reversal Signals: Triangles above (bearish) or below (bullish) candles indicate potential reversal points. SMA Breakout Signals: Circles above (bearish) or below (bullish) candles indicate trend changes. Test the indicator on different instruments and timeframes to find optimal settings for your trading style. █ LIMITATIONS The indicator may generate false signals in highly volatile or consolidating markets. On low-liquidity charts (e.g., exotic currency pairs), the bands may be less reliable. Effectiveness depends on properly matching parameters to the market and timeframe.
Indicatore Pine Script®
di Uncle_the_shooter