NativeLenSA CISD w/1st 5m FVG5m CISD + FVG Indicator which works best on 5m TimeFrame, with the concept of 5m Liquidity sweeps of the previous highs/lows and the next candle closing below/above the opening price of candle that swept the highs/lows.
A line marking +CISD or -CISD will show as soon as the CISD is created, and a first 5m Fair Value Gap will also be displayed. This is advantageous for an extra confluence and re-entry.
The indicator also provides the trader with:
i. The flexibility of allowing to only show Bearish, Bullish or both Bearish and Bullish CISD + FVG,
ii. Showing only London Session, New York Session, or both London and New York Sessions' CISD & FVG,
iii. Option of hiding/showing 5m CISD+FVG on time frames greater than 5m,
iv. Adjustable:
(a) Look back bars (max=300),
(b) CISD line length,
(c) FVG line length,
v. Customizable Bearish and Bullish CISD line colors.
I hope you find value in this indicator, and convenient for time when trading, no CISD markups needed
Analisi candlestick
Silver BulletSilver Bullet is a trading tool built for finding cleaner, higher-probability setups. It focuses on key windows of market movement and adds helpful tools like daily range levels and candlestick patterns.
Whether you’re trading breakouts or reversals, Silver Bullet gives you a clearer view of the market and more confidence in your setups.
⸻
🔹 Trading Setup #1: Macro Time
The Macro Time setting offers two modes: Macro Bullet and Silver Bullet. Both help traders focus on specific times when the market tends to deliver clean moves.
• Macro Bullet is based on the high and low of a full macro session. It automatically detects the session’s range and bias, then offers optimal entries for either Long or Short setups. Once the session resolves, it provides Fibonacci-based levels for entry, target, and stop loss.
• Silver Bullet is based on ICT concepts and focuses on the hourly range for London, NY AM, and NY PM sessions. It’s designed for quick time blocks and highlights key levels as the session unfolds.
To use this setup, set Macro Time to “ICT Sessions” and select your preferred mode under Bullet Mode.
⸻
🔹 Trading Setup #2: Daily Range
Enable Daily Range to draw Fibonacci levels based on either the previous day’s candle or the current day’s developing range. These levels help you identify potential support, resistance, and midpoint zones throughout the day.
With the current day’s range, levels automatically update in real time as new highs or lows form — keeping your chart aligned with evolving price action.
⸻
🔹 Trading Setup #3: Candlestick Patterns
Turn on Candlestick Patterns to automatically highlight clean reversal signals such as Hammers, Hanging Men, Shooting Stars, and Tweezers. Each pattern is detected using specific criteria and trend filters to reduce noise and improve reliability. They work especially well as confirmation signals around key levels or session zones.
Silver Bullet brings structure, clarity, and precision to your intraday trading. By combining time-based bias, price action levels, and pattern recognition, it helps you trade with purpose — not guesswork. Use one setup or combine all three for a complete view of the market, tailored to your style and session of choice.
Alpha Trading AnalysisAlpha Trading Dashboard Analysis
- Candle Analysis
- Pivot Point and Fibonacci
- Bollinger band
Nexalgo SMC🔧 SMC (Smart Money Concepts) – Invite-Only Indicator
The SMC (Smart Money Concepts) indicator for TradingView is a tool that helps visualize price behavior based on institutional concepts and liquidity theory. It provides structural markers and volume-based zones in one script.
🧠 Key Components:
Order Blocks with Volume Metrics
Displays bullish and bearish order blocks along with volume-related information, helping to identify areas of possible accumulation or distribution.
Market Structure Analysis
BOS (Break of Structure)
CHoCH (Change of Character)
CHoCH+ (Extended CHoCH)
EQH/EQL (Equal Highs/Lows)
Imbalance Zones
Highlights price areas with visible inefficiencies between buying and selling pressure.
Premium & Discount Zones
Marks price regions considered relatively expensive (premium) or cheap (discount) based on recent swings.
Previous Highs & Lows
Plots historical key levels that may act as potential reaction zones.
Bullish/Bearish Dashboard
A dashboard summarizing the current directional bias based on structural elements.
Fixed Volume Profile
Displays a volume histogram over price to highlight high and low volume areas.
⚠️ Disclaimer:
This indicator is intended for market analysis purposes only. It does not constitute trading advice or guarantee performance. Users should evaluate all tools based on their own judgment and trading approach.
Engulfing DashboardThis is an indicator that detects candles based on the **Engulfing system** I’ve studied — from **wick to wick**.
It determines whether it’s a Buy or Sell based on the **opening price** and how the candle moves.
Anyone familiar with the Engulfing system will know how to use it.
It’s especially useful for people who use only **one screen** and can’t constantly monitor multiple timeframes.
And don’t forget:
**Trend is your friend.**
Engulfing DashboardThis is an indicator that detects candles based on the **Engulfing system** I’ve studied from **wick to wick**.
It determines whether it’s a Buy or Sell based on the **opening price** and how the candle moves.
Anyone familiar with the Engulfing system will know how to use it.
It’s especially useful for people who use only **one screen** and can’t constantly monitor multiple timeframes.
And don’t forget:
**Trend is your friend.**
Imbalance Scanner [Afnan]Identify the most aggressive candles on any chart—instantly or historically—and act before the crowd notices.
🔥 What It Does
Four-tier detection system: 🟡 Low → 🟠 Mild → 🔴 Explosive → 💥 Super Explosive
Smart filtering: Detects abnormal candle bodies and ranges that signal market imbalances
Volume confirmation: Optional filter ensures moves are backed by institutional-level activity
Directional control: Choose All, Bullish, or Bearish candles to match your trading bias
Pine Scanner optimized: Scan entire watchlists in real-time or historically.
Clean interface: Minimal emoji labels with background highlighting—no chart clutter
⚡ Quick Setup
1. Load & Configure: Add to chart and open indicator settings
2. Set Detection Level: Choose minimum imbalance strength (Low/Mild/Explosive/Super)
3. Optional Volume Filter: Enable for higher-quality signals with volume confirmation
4. Pine Scanner Setup: Set "Days Back" (0 for live scanning, >0 for historical analysis)
5. Create Alerts: Pre-built alert conditions for each explosive level
🎯 Primary Use Cases
Smart Money Detection: Spot where big players are active through explosive price movements
Market Inefficiencies: Find supply/demand imbalances as they develop
Breakout Confirmation: Validate genuine breakouts using explosive candle analysis
Identify momentum acceleration points for optimal timing
📊 Pine Scanner Ready
Fully compatible with TradingView's Pine Scanner for real-time watchlist monitoring and historical analysis.
💼 Professional Edge
Built by @AfnanTAjuddin for active traders who need reliable, fast imbalance detection across any market or timeframe. Perfect for day trading, swing trading, and institutional activity tracking.
100-Candle Look-Back MarkerIt simply redraws one vertical dotted line that always sits exactly 100 bars behind the current bar, so you can check at a glance that any trend-line you draw has at least 100 candles of data to the right of it.
GLOBEX BOX v1.0All credit to the creator and teacher of this strategy, @RS.
The "GOBEX BOX v1.0" indicator draws customizable horizontal rectangles (with optional midlines and labels) around specific opening candles in the EST timezone ("America/New_York").
It highlights:
The 09:30–09:31 EST 1-minute candle high/low for Monday through Friday.
The 18:00–18:05 EST 5-minute candle high/low for Sunday through Thursday.
Various customizable features are in the indicator settings.
Happy trading!
Kairos BarakahTrade with precision during high-probability windows using this advanced Pine Script indicator, designed specifically for Indian Standard Time (IST). The tool identifies key reversal opportunities within a user-defined trading session, combining time-based reference levels, sequence-validated signals, and multi-factor win probability analysis for confident decision-making.
Key Features
1. Time-Based Reference Levels
Automatically sets high/low reference levels at a customizable start time (default: 19:00 IST).
Active trading window with adjustable duration (default: 135 minutes).
Clear visual reference lines for easy tracking.
2. Intelligent Signal Generation
Initial Signals:
Buy (B): Triggered when price closes above the reference high.
Sell (S): Triggered when price closes below the reference low.
Reversal Signals (R):
Valid only after an initial signal, ensuring proper sequence.
Buy Reversal: Price closes above reference high (after a Sell signal).
Sell Reversal: Price closes below reference low (after a Buy signal).
3. Multi-Dimensional Win Probability
Body Strength: Measures candle conviction (body size / total range).
Volume Confirmation: Compares current volume to 20-period average.
Trend Alignment: Uses EMA crosses (9/21) and RSI (14) for momentum.
Composite Score: Weighted blend of all factors, color-coded for quick interpretation:
🟢 >70%: High-confidence signal.
🟠 40-69%: Moderate confidence.
🔴 <40%: Weak signal.
4. Professional Visualization
Clean labels (B/S/R) at signal points.
Real-time reference table showing levels, active signal, and probabilities.
Customizable alerts for all signal types.
Why Use This Indicator?
IST-Optimized: Tailored for Indian market hours.
Rules-Based Reversals: Avoids false signals with strict sequence checks.
Data-Driven Confidence: Win probability metrics reduce guesswork.
Flexible Setup: Adjust time windows and parameters to fit your strategy.
Digital Clock with Candle Alert📊 Digital Clock with Candle Alert
A sleek, customizable digital clock for your trading charts that displays real-time with seconds and provides visual alerts before new candles form. Never miss a candle entry again!
✨ Key Features:
- Real-time Digital Clock - Shows hours, minutes, and seconds in your chosen timezone
- Visual Candle Alerts - Blinking notification before new candles form
- Multi-Timeframe Alerts - Get alerts for any timeframe regardless of your chart period
- Fully Customizable - Colors, size, position, and alert timing all configurable
- Half-Second Blinking - Eye-catching 2Hz blink rate for maximum visibility
- 6 Timezone Options - Exchange, UTC, New York, London, Tokyo, Sydney
🎯 Use Cases:
- Scalping - Know exactly when the next candle will form
- Entry Timing - Perfect for strategies that enter on new candles
- Multi-Timeframe Trading - Monitor higher timeframe candles while on lower timeframes
- General Awareness - Always know the current time in your trading timezone
⚙️ Settings:
Time Settings:
- Timezone selection (Exchange default or specific zones)
Display Options:
- Text and background colors for normal operation
- Alert colors for blinking state
- Text size (tiny to huge)
- Position (9 locations on chart)
Alert Configuration:
- Enable/disable blinking alerts
- Select timeframe to monitor
- Alert lead time (5 seconds to 1 hour)
📝 Important Notes:
- Clock updates depend on incoming price ticks
- During low-volume periods, updates may be less frequent
- Works best on liquid instruments during active market hours
- Alert timeframe is independent of your chart timeframe
💡 Tips:
- Use contrasting alert colors for maximum visibility
- Set lead time based on your reaction needs
- Position clock where it won't obstruct price action
- Try red background with white text for urgent alerts
🔄 Version 1.0 - Initial release
Impulse Alert - Demand (Buy) [Fixed]🔵 Impulse Alert – Demand (Buy)
This indicator is designed to detect high-probability Demand Zones based on impulsive bullish price action, helping traders get alerted only when it matters most.
🧠 Core Logic:
Scans the chart for 2 consecutive bullish impulsive candles with significant range (body size)
Also captures single large bullish impulse candles that often mark institutional buying
Marks the origin of the move as a potential Demand Zone
Sends alerts when such bullish setups form, allowing you to monitor charts passively
⚙️ Features:
✅ Alerts on impulsive move formations
✅ Detects both 2-candle and single-candle impulses
✅ Custom zone detection logic based on pip size and momentum
✅ Cleaner & smarter: removes distractions and avoids false signals
📌 Best Used For:
Smart Money / Supply & Demand traders
Identifying potential institutional buy zones
Executing trades with HTF confluence
Traders who want to get alerted without screen-watching
🔁 Suggested Strategy:
Set HTF directional bias (H1, H4, D1)
Use this indicator on LTF (1M–15M) for impulsive bullish entries
Wait for price to return to the marked zone for low-risk entries
💡 Pro Tip: Combine with your Supply Zone (Sell) indicator to track both sides of market structure and increase R:R
👤 Created by: Rohit Jadhav | YT/Insta/X - @GrowthByTrading
📬 Want updates, enhancements, or personal versions? Leave feedback or reach out through profile!
Impulse Alert - Supply (Sell) [Fixed]🟥 Supply Zone (Sell) – Institutional Order Block Detector
This custom indicator automatically detects valid Supply Zones (Sell Zones) based on Smart Money Concepts and institutional trading behavior.
🔍 How It Works:
Identifies strong bearish impulsive moves after price forms a potential Order Block
Valid supply zones are plotted after:
A valid rally–base–drop or drop–base–drop structure
A shift in structure or clear imbalance is detected
The zone is created from the last bullish candle before a strong bearish engulfing move
Zones remain on chart until price revisits and reacts
📊 Use Case:
Ideal for traders using Smart Money Concepts (SMC), Supply & Demand, or ICT-inspired strategies
Perfect for scalping, day trading, or swing setups
Designed for confluence with HTF bias and LTF execution
⚙️ Features:
Supply Zone auto-plotting
Customizable zone color and opacity
Alerts when price returns to the zone (retest entry opportunity)
🧠 Tip for Best Use:
Use in confluence with:
HTF Supply zones (manual or other indicator)
Market Structure breaks
Fair Value Gaps or Imbalance zones
Strong impulsive moves from HTF to LTF
🔁 Future Additions (Coming Soon):
Demand Zone detection
Zone strength rating system
Refined zone filters (volume, candle size, etc.)
Alerts for mitigation or invalidation
📌 Created by: Rohit Jadhav | Real-time market trader | YT/Insta - @GrowthByTrading
💬 Feedback? Drop a comment or connect via profile for updates and tutorials!
Average Daily Range in TicksPurpose: The ADR Ticks Indicator calculates and displays the average daily price range of a financial instrument, expressed in ticks, over a user-specified number of days. It provides traders with a measure of average daily volatility, which can be used for position sizing, setting stop-loss/take-profit levels, or assessing market activity.
Calculation: Computes the average daily range by taking the difference between the daily high and low prices, averaging this range over a customizable number of days, and converting the result into ticks (using the instrument's minimum tick size).
Customization: Includes a user input to adjust the number of days for the average calculation and a toggle to show/hide the ADR Ticks value in the table.
Risk Management: Helps traders estimate typical daily price movement to set appropriate stop-loss or take-profit levels.
Market Analysis: Offers insight into average daily volatility, useful for day traders or swing traders assessing whether a market is trending or ranging.
Technical Notes:
The indicator uses barstate.islast to update the table only on the last bar, reducing computational load and preventing overlap.
The script handles different chart timeframes by pulling daily data via request.security, making it robust across various instruments and timeframes.
LANZ Strategy 6.0 [Backtest]🔷 LANZ Strategy 6.0 — Precision Backtesting Based on 09:00 NY Candle, Dynamic SL/TP, and Lot Size per Trade
LANZ Strategy 6.0 is the simulation version of the original LANZ 6.0 indicator. It executes a single LIMIT BUY order per day based on the 09:00 a.m. New York candle, using dynamic Stop Loss and Take Profit levels derived from the candle range. Position sizing is calculated automatically using capital, risk percentage, and pip value — allowing accurate trade simulation and performance tracking.
📌 This is a strategy script — It simulates real trades using strategy.entry() and strategy.exit() with full money management for risk-based backtesting.
🧠 Core Logic & Trade Conditions
🔹 BUY Signal Trigger:
At 09:00 a.m. NY (New York time), if:
The current candle is bullish (close > open)
→ A BUY order is placed at the candle’s close price (EP)
Only one signal is evaluated per day.
⚙️ Stop Loss / Take Profit Logic
SL can be:
Wick low (0%)
Or dynamically calculated using a % of the full candle range
TP is calculated using the user-defined Risk/Reward ratio (e.g., 1:4)
The TP and SL levels are passed to strategy.exit() for each trade simulation.
💰 Risk Management & Lot Size Calculation
Before placing the trade:
The system calculates pip distance from EP to SL
Computes the lot size based on:
Account capital
Risk % per trade
Pip value (auto or manual)
This ensures every trade uses consistent, scalable risk regardless of instrument.
🕒 Manual Close at 3:00 p.m. NY
If the trade is still open by 15:00 NY time, it will be closed using strategy.close().
The final result is the actual % gain/loss based on how far price moved relative to SL.
📊 Backtest Accuracy
One trade per day
LIMIT order at the candle close
SL and TP pre-defined at execution
No repainting
Session-restricted (only runs on 1H timeframe)
✅ Ideal For:
Traders who want to backtest a clean and simple daily entry system
Strategy developers seeking reproducible, high-conviction trades
Users who prefer non-repainting, session-based simulations
👨💻 Credits:
💡 Developed by: LANZ
🧠 Logic & Money Management Engine: LANZ
📈 Designed for: 1H charts
🧪 Purpose: Accurate simulation of LANZ 6.0's NY Candle Entry system
LANZ Strategy 5.0🔷 LANZ Strategy 5.0 — Intraday BUY Signals, Dynamic Lot Size per Account, Real-Time Dashboard and Smart Execution
LANZ Strategy 5.0 is a powerful intraday tool designed for traders who need a visual-first, data-backed BUY system, enhanced with risk-aware lot size calculation and a real-time performance dashboard. This indicator intelligently detects strong momentum setups and provides visual and statistical clarity throughout the session.
📌 This is an indicator, not a strategy — It does not place trades automatically but provides precise conditions, alerts, and visual guides to support execution.
🧠 Core Logic & Features
BUY Entry Conditions (Signal Engine)
A BUY signal is triggered when:
The current price is above the EMA200 (trend filter)
The last 3 candles are bullish (candle body close > open)
You are within the defined session window (NY time)
When all conditions are met and you haven’t reached the daily trade limit, a signal appears on the chart and an optional alert is triggered.
Operational Hours Filter (NY Time)
You define:
Start time (e.g., 01:15 NY)
End time (e.g., 16:00 NY)
The system only evaluates and executes signals within this period. If a BUY setup occurs outside the window, it’s ignored. The chart is also highlighted with a transparent teal background to visually show active trading hours.
Lot Size Panel with Per-Account Risk Management
Designed for traders managing multiple accounts or capital sources. You can enable up to 5 accounts, each with:
Its own capital
Its own risk percentage per trade
The system uses the defined SL in pips, plus the instrument’s pip value, to calculate the lot size per account. All values are shown in a dedicated panel at the bottom-right, automatically updating with each new trade.
The emojis (🐣🦊🦁🐲🐳) distinguish each account visually.
Trade Visualization with Customizable Lines
When a signal is triggered:
An Entry Point (EP) line is drawn at the candle’s close.
A Stop Loss (SL) line is placed X pips below the entry.
A Take Profit (TP) line is placed Y pips above the entry.
All three lines are fully customizable in style, color, and thickness. You define how many bars the lines should extend.
Outcome Tracking & Real-Time Dashboard
Each trade outcome is measured:
SL hit = –1.00%
TP hit = +3.00%
Manual close = calculated dynamically based on price at close time
Each result is labeled on the chart near its level, and stored.
The top-right dashboard updates in real time:
✅ Number of trades
📈 Cumulative % gain/loss of the day (color-coded)
Alerts You Can Trust:
You’ll get a Buy Alert when a valid signal is formed
You’ll get a Trade Executed Alert when the visual operation is plotted
You’ll get a SL/TP Hit Alert with price and result
You’ll get a Manual Close Alert if the configured time is reached and the trade is still active
⚙️ Step-by-Step Execution Flow
At every bar, the system checks:
Are we within the session time window?
Is price above EMA?
Are the last 3 candles bullish?
✅ If yes:
A BUY signal is plotted
Entry/SL/TP lines are drawn
Lot sizes are calculated and displayed
Trade is added to the daily count
🕐 At the configured Manual Close time (e.g., 16:00 NY):
If the trade is still open, it's closed
A label is added with the exact result in %
💡 Ideal For:
Intraday traders who operate within fixed time sessions
Traders managing multiple accounts or capital pools
Anyone who wants full visual clarity of every decision point
Traders who appreciate dynamic lot size calculation and clean execution tracking
👨💻 Credits:
💡 Developed by: LANZ
🧠 Strategy concept & execution model: LANZ
🧪 Tested on: 1H charts with visual-only execution
📈 Designed for: Clarity, adaptability, and full intraday control
Liquidity Swings [Nix]Liquidity Swings Indicator!
It marks recent swing highs and lows on the chart using lines and labels.
Another great feature is that it tracks whether those swing levels are SWEPT (price crosses them again) and either:
Removes swept levels, or
Fades them to indicate they’ve been taken.
You can customize:
Number of swings shown.
Colors, styles, and visibility of lines/labels.
Whether to show highs, lows, or both.
Useful for liquidity analysis.
Usually when these special swings are swept, you can consider moving stops to BE. This is because there should be enough stop losses at the swing points to liquidate others and give more fuel to your trade direction!
Hybrid candles by Marian BDescription
-------------
This script it does a very simple thing: it will color the candles according to the HeikenAshi rules.
It will keep the regular candle shape, but with the HeikenAshi colors. Some traders find it useful, especially those using the ATS methodology.
Originality
-------------
This script is not at all orginal and it will not make you win trades. There are a few others out there, but I could not find a public one that also colors the wicks; most of them just handle the color of the candle body.
Chart
-------
See a sample screenshot how it will look like.
Average Daily % Change by Weekday📊 Average Daily % Change by Weekday
This script calculates and displays the average daily percentage change for each weekday (Monday through Sunday) based on historical price data. It helps traders analyze which days tend to be bullish or bearish over a selected backtest date range.
✅ Features:
Customizable date range (From Year/Month/Day to To Year/Month/Day)
Calculates average % change for each weekday (Mon–Sun)
Supports assets that trade 7 days (e.g., crypto)
Color-coded outputs (green = positive, red = negative)
Final results shown as a table in the bottom-right corner
Works only on the 1D timeframe (daily)
🧠 How it works:
For each day within the selected date range:
The script calculates the % change as: (Close - Open) / Open * 100
Then, it groups the data by weekday and averages the values
This gives you insight into how each day of the week behaves historically for the current asset.
⚠️ Notes:
This script only works on daily (1D) timeframes.
For most accurate results, use it on assets with long trading history (e.g., BTCUSD).
Designed for educational and statistical analysis purposes.
Fair Value Gap MTF [by Oberlunar]Fair Value Gap MTF is a multi-timeframe indicator designed to detect and display Fair Value Gaps (FVGs) across up to five customizable timeframes. Fair Value Gaps are price inefficiencies—zones where the market moved too quickly, leaving unfilled areas between candles. These gaps are often used by traders as reference points for future price retracements, as they tend to be revisited or “mitigated” over time.
This indicator extends the traditional FVG concept by introducing dynamic multi-timeframe tracking. Each timeframe has its own visual layer, with distinct user-defined colors for bullish and bearish gaps. The script not only highlights newly formed FVGs but also updates them visually when they are touched by price. Mitigated FVGs are recolored in real time, and an optional setting allows the size of these zones to shrink progressively, reflecting only the remaining untested portion.
Labels at the center of each box display the originating timeframe, offering clear visual context. All calculations are properly aligned with the display chart, ensuring that each FVG is correctly projected into the current view, regardless of its timeframe of origin.
Fair Value Gaps often act as support or resistance levels. Bullish FVGs can serve as areas where price may find support, while bearish FVGs can signal potential resistance. When these zones are mitigated repeatedly, it typically reflects areas of institutional interest, liquidity pools, or zones of accumulation and distribution. Such behavior makes them particularly significant in breakout and reversal strategies.
— Oberlunar 👁️★
SKT's Volume Weighted Ichimoku Conviction Candle ColoringOverview
This indicator is a customized, volume-weighted variation of the classic Ichimoku Kinko Hyo system, designed to provide traders with an "at-a-glance" visualization of trend conviction and exhaustion. It overlays dynamic candle coloring on your chart, using a smooth gradient from deep green (strong bullish conviction) to gray (neutral or exhausted) to deep red (strong bearish conviction). The colors are driven by a composite score (-10 to +10, displayed as -100% to +100% strength), which quantifies probabilistic bias based on historical Ichimoku patterns, normalized for volatility and enhanced with volume dynamics.
Unlike standard Ichimoku, this version emphasizes "conviction strength" through gradients, helping identify not just trends but their reliability—e.g., fading colors signal potential reversals or pullbacks. It's particularly suited for trending assets like BTC/USD on daily or higher timeframes, where volume-weighted adjustments make lines hug price action during high-participation moves.
Key Benefits
Visual Heat Map: Candles shift colors based on score intensity, making it easy to spot weakening trends (pale shades) or strong continuations (deep shades).
Exhaustion Detection: Incorporates slope flattening, volume divergences, and cloud thinning to proactively desaturate colors near potential turns.
Strength Box: A persistent top-right label shows current % strength (e.g., "+75% Bull"), synced to the candle gradient for quick reference.
Adaptability: Works on any timeframe/asset; inputs allow tuning (e.g., for crypto's 24/7 volatility).
How It Works
The indicator computes a conviction score per bar, ranging from -10 (max bearish) to +10 (max bullish), then maps it to candle colors and a % strength display. The score is a weighted sum of five factors (total 100%), each normalized by ATR for scale-invariance:
Base: Normalized Price-Cloud Distance (40% Weight): Measures how far price is above (bullish) or below (bearish) the cloud. Calculation: Distance / ATR, clamped via tanh sigmoid for smoothness. Penalty: Fades score if distance <0.5 ATR (approaching cloud edge). Rationale: Large separations historically predict ~60-70% continuation; proximity hints at reversals.
Cloud Thickness & Color Alignment (15% Weight): Thickness = |Senkou A - B| / ATR; compared to SMA average. Boost if thick (>average: up to +3); penalty if thin (<0.5 average: up to -3). +1 bonus if cloud color aligns (green bull, red bear). Rationale: Thicker clouds act as stronger support/resistance; thinning signals exhaustion.
Other Lines: Chikou & Tenkan/Kijun Positions (15% Weight): Chikou distance from price/cloud ( / ATR): +4 if aligned far; -0.5 penalty if misaligned. Tenkan-Kijun separation ( / ATR): +3 if diverging (>0.5 ATR). Averaged for contribution. Rationale: Chikou confirms momentum from history; diverging lines indicate strength.
Exhaustion: Slope Calculation (Tenkan/Kijun) (15% Weight): Avg slope = (Tenkan linreg * 0.7 + Kijun linreg * 0.3) / ATR. Boost if steep (>0.2 abs: +3); penalty if flat (<0.1 abs: -3) or declining in trend (-4). Doubled if lines converging (<0.5 ATR sep). Rationale: Flattening/declining slopes detect fading momentum early.
Exhaustion: Volume Boost/Penalty (15% Weight): Dynamic thresholds: High = SMA(vol) + STD; Low = max(SMA - STD, 0). Boost if vol > high & slope aligns (up to +3). Penalty if vol < low or slope diverges (up to -3); skipped on new-bar first tick (barstate.isnew). Symmetric clamp: volContrib bounded ±3 to avoid spikes. Rationale: High aligning volume confirms conviction; low/diverging signals traps/exhaustion.
Score clamped ±10 overall. Gradients use RGB mixing: Deep colors for high abs(score), desaturated near 0 for smooth fades. Neutral bars vary gray shades by cloud thickness.
Inputs and Customization
All parameters are adjustable via TradingView's indicator settings:
Tenkan/Kijun/Senkou B Periods (9/26/52): Standard Ichimoku lengths; increase for smoother lines on volatile assets.
Displacement (26): Cloud shift; tweak for forward projection.
ATR Length (14): Volatility normalizer; longer for less sensitivity.
Slope/Volume/Thickness Lookbacks (5/20/20): Periods for slopes, vol SMA/STD, cloud avg—balance responsiveness vs. noise.
Scale Factor (2.0): Controls sigmoid clamping sharpness; lower for more gradual scores.
For BTC/USD: Try 20/60/120 periods on 1H/4H for crypto's non-stop trading.
Usage Instructions
Add to your chart via TradingView's Indicators menu.
Interpret Gradients: Deep Green: Strong bull (>+70% strength)—ride trends. Pale Green: Weakening bull (~+20-50%)—watch for exhaustion. Gray: Neutral (inside cloud)—avoid directionals. Symmetric for reds (bearish).
Strength Box: Top-right label shows live % (updates per tick).
Combine with: RSI/MACD for reversals (e.g., RSI divergence + pale gradient = potential turn).
Timeframes: Works on all; daily+ for best results. Test settings per asset/TF.
Notes and Disclaimer
- Performance: Backtest on your assets—score aligns with ~60% historical continuation in strong trends, but markets are unpredictable.
- Limitations: Volume-sensitive on low-TF or illiquid assets (fixed with clamps/barstate.isnew); no built-in alerts (add via TradingView).
- Disclaimer: For educational purposes only—not financial advice. Past performance ≠ future results; use with risk management.
db/dt [keypoems]Double Top / Double Bottom Marker
This indicator identifies classic double bottom/double top reversal patterns using pivot point analysis and breakout confirmation methodology, it also marks pivot based market structure shifts or flips.
WHAT IT DOES
The indicator detects two primary types of trading patterns:
1. Double Bottom/Top Patterns: Recognizes classic reversal formations where price creates two similar highs or lows before breaking the neckline
2. Market Structure Shifts (Flips): Identifies when price breaks through significant pivot levels indicating a potential trend change
HOW IT WORKS
Double Pattern Detection:
For double bottoms, the system identifies the first pivot low, then tracks the highest point between potential lows to establish the neckline level. It searches for a second pivot low within the specified price tolerance percentage of the first low. The pattern confirms when price breaks above the neckline. Double tops use the same logic but inverted, tracking the lowest point for the neckline and confirming on downward breaks.
Pattern Invalidation:
Double patterns are automatically invalidated if price creates new extremes beyond both pivot points before neckline confirmation occurs.
Flip Detection:
The algorithm uses a three-step process for each direction. For bullish shifts, it first identifies a pivot high using the specified left/right bar length parameters. It then waits for a subsequent pivot low that occurs after the pivot high. Finally, it confirms the shift when price closes above the original pivot high level. The bearish detection works inversely, starting with a pivot low, followed by a pivot high, and confirmed when price closes below the original pivot low.
CONFIGURATION OPTIONS
General Settings:
- Pivot High/Low Length: Controls the number of bars required on each side of a pivot point for validation
- Start Bar Index: Sets how many bars from the beginning of data to start pattern detection
- Time Filter: Optional start time to limit detection to specific periods
Double Pattern Settings:
- Separate pivot length controls for each pattern type
- Price Tolerance: Maximum percentage difference allowed between the two pivot points to qualify as a double pattern (0.1% to 20%)
- Individual start bar settings for each pattern type
Visual Controls:
- Toggle display for bullish flips, bearish flips, double bottoms, and double tops
- Optional text labels for each pattern type
- Sweep/Mitigation classification labels that distinguish between patterns where the second pivot sweeps beyond the first versus those that hold within tolerance
VISUAL PRESENTATION
Market structure shifts display as triangular markers above or below price with connecting lines that extend from the original pivot point to the breakout confirmation bar. Double patterns appear as rectangular boxes that encompass both pivot points with pattern type labels. The boxes automatically size themselves based on the price range and bar spacing of the pattern.
Color coding uses green for bullish signals, red for bearish signals, blue for double bottoms, and orange for double tops. All visual elements can be individually enabled or disabled based on trading preferences.
UNDERLYING CONCEPTS
This indicator applies market structure theory which suggests that trend changes are often preceded by breaks of significant swing points. The double pattern recognition is based on classical technical analysis principles where price creates similar levels twice before reversing direction, indicating exhaustion of the prevailing trend.
The pivot point methodology ensures that only statistically significant highs and lows are considered, filtering out minor fluctuations that might create false signals. The confirmation requirement prevents premature signals during consolidation phases.
PRACTICAL APPLICATION
Market structure shifts help identify potential trend changes early in their development. Double patterns provide high-probability reversal setups with clear entry levels at neckline breaks and logical stop placements beyond the pattern extremes.
The price tolerance setting allows adaptation to different market volatility conditions. Tighter tolerances work better in stable markets while looser tolerances accommodate more volatile instruments.
LIMITATIONS AND CONSIDERATIONS
This indicator works best in trending markets and may produce less reliable signals during extended sideways consolidation periods. The pivot-based approach means signals occur with some delay after actual market turns, as confirmation requires subsequent price action.
Users should be aware that the indicator plots historical patterns and breakout confirmations. Real-time trading decisions should account for the lag inherent in pivot point calculation and pattern completion requirements.
The effectiveness of detected patterns may vary significantly across different timeframes, market conditions, and instrument types. Combining these signals with additional analysis methods and proper risk management is recommended for practical trading applications.
Double pattern detection requires sufficient price history and bar spacing to properly identify and validate formations. Very short timeframes or instruments with limited volatility may not generate frequent pattern signals.
All pattern recognition is based on historical price data and does not guarantee future performance. Market conditions, fundamental factors, and external events can invalidate technical patterns regardless of their historical reliability.
