AlphaTrend++AlphaTrend++
Overview
The AlphaTrend++ is an advanced Pine Script indicator designed to help traders identify buy and sell opportunities in trending and volatile markets. Building on trend-following principles, it uses a modified Average True Range (ATR) calculation combined with volume or momentum data to plot a dynamic trend line. The indicator overlays on the price chart, displaying a colored trend line, a filled trend zone, buy/sell signals, and optional stop-loss tick labels, making it ideal for day trading or swing trading, particularly in markets like futures (e.g., MES).
What It Does
This indicator generates buy and sell signals based on the direction and momentum of a custom trend line, filtered by optional time restrictions and signal frequency logic. The trend line adapts to price action and volatility, with a filled zone highlighting trend strength. Buy/sell signals are plotted as labels, and stop-loss distances are displayed in ticks (customizable for instruments like MES). The indicator supports standard chart types for realistic signal generation.
How It Works
The indicator employs the following components:
Trend Line Calculation: A dynamic trend line is calculated using ATR adjusted by a user-defined multiplier, combined with either Money Flow Index (MFI) or Relative Strength Index (RSI) depending on volume availability. The line tracks price movements, adjusting upward or downward based on trend direction and volatility.
Trend Zone: The area between the current trend line and its value two bars prior is filled, colored green for bullish trends (upward movement) or red for bearish trends (downward movement), providing a visual cue of trend strength.
Signal Generation: Buy signals occur when the trend line crosses above its value two bars ago, and sell signals occur when it crosses below, with optional filtering to reduce signal noise (based on bar timing logic). Signals can be restricted to a 9:00–15:00 UTC trading window.
Stop-Loss Ticks: For each signal, the indicator calculates the distance to the trend line (acting as a stop-loss level) in ticks, using a user-defined tick size (default 0.25 for MES). These are displayed as labels below/above the signal.
Time Filter: An optional filter limits signals to 9:00–15:00 UTC, aligning with active trading sessions like the US market open.
The indicator ensures compatibility with standard chart types (e.g., candlestick or bar charts) to avoid unrealistic results associated with non-standard types like Heikin Ashi or Renko.
How to Use It
Add to Chart: Apply the indicator to a candlestick or bar chart on TradingView.
Configure Settings:
Multiplier: Adjust the ATR multiplier (default 1.0) to control trend line sensitivity. Higher values widen the stop-loss distance.
Common Period: Set the ATR and MFI/RSI period (default 14) for trend calculations.
No Volume Data: Enable if volume data is unavailable (e.g., for certain forex pairs), switching from MFI to RSI.
Tick Size: Set the tick size for stop-loss calculations (default 0.25 for MES futures).
Show Buy/Sell Signals: Toggle signal labels (default enabled).
Show Stop Loss Ticks: Toggle stop-loss tick labels (default enabled).
Use Time Filter: Restrict signals to 9:00–15:00 UTC (default disabled).
Use Filtered Signals: Enable to reduce signal frequency using bar timing logic (default enabled).
Interpret Signals:
Buy Signal: A blue “BUY” label below the bar indicates a potential long entry (trend line crossover, passing filters).
Sell Signal: A red “SELL” label above the bar indicates a potential short entry (trend line crossunder, passing filters).
Trend Zone: Green fill suggests bullish momentum; red fill suggests bearish momentum.
Stop-Loss Ticks: Gray labels show the stop-loss distance in ticks, helping with risk management.
Monitor Context: Use the trend line and filled zone to confirm the market’s direction before acting on signals.
Unique Features
Adaptive Trend Line: Combines ATR with MFI or RSI to create a responsive trend line that adjusts to volatility and market conditions.
Tick-Based Stop-Loss: Displays stop-loss distances in ticks, customizable for specific instruments, aiding precise risk management.
Signal Filtering: Optional bar timing logic reduces false signals, improving reliability in choppy markets.
Trend Zone Visualization: The filled zone between trend line values enhances trend clarity, making it easier to assess momentum.
Time-Restricted Trading: Optional 9:00–15:00 UTC filter aligns signals with high-liquidity sessions.
Notes
Use on standard candlestick or bar charts to ensure accurate signals.
Test the indicator on a demo account to optimize settings for your market and timeframe.
Combine with other analysis (e.g., support/resistance, volume spikes) for better decision-making.
The indicator is not a standalone system; use it as part of a broader trading strategy.
Limitations
Signals may lag in highly volatile or low-liquidity markets due to ATR-based calculations.
The 9:00–15:00 UTC time filter may not suit all markets; disable it for 24-hour assets like forex or crypto.
Stop-loss tick calculations assume consistent tick sizes; verify compatibility with your instrument.
This indicator is designed for traders seeking a robust, trend-following tool with customizable risk management and signal filtering, optimized for active trading sessions.
Candlestick analysis
Adaptive Freedom Machine w/labelsAdaptive Freedom Machine w/ Labels
Overview
The Adaptive Freedom Machine w/ Labels is a versatile Pine Script indicator designed to assist traders in identifying buy and sell opportunities across various market conditions (trending, ranging, or volatile). It combines Exponential Moving Averages (EMAs), Relative Strength Index (RSI), Average True Range (ATR), and customizable time filters to generate actionable signals. The indicator overlays on the price chart, displaying EMAs, a dynamic cloud, scaled RSI levels, buy/sell signals, and market condition labels, making it suitable for swing trading, day trading, or scalping.
What It Does
This indicator generates buy and sell signals based on the interaction of two EMAs, filtered by RSI thresholds, ATR-based volatility, and user-defined time windows. It adapts to the selected market condition by adjusting EMA lengths, RSI thresholds, and trading hours. A dynamic cloud highlights trend direction or neutral zones, and candlestick bodies are colored in neutral conditions for clarity. A table displays real-time trend and volatility status.
How It Works
The indicator uses the following components:
EMAs: Two EMAs (short and long) are calculated on a user-selected timeframe (1, 5, 15, 30, or 60 minutes). Their crossover or crossunder generates potential buy/sell signals, with lengths adjusted based on the market condition (e.g., longer EMAs for trending markets, shorter for ranging).
Dynamic Cloud: The area between the EMAs forms a cloud, colored green for uptrends, red for downtrends, or a user-defined color (default yellow) for neutral zones (when EMAs are close, determined by an ATR-based threshold). Users can widen the cloud for visibility.
RSI Filter: RSI is scaled to price levels and plotted on the chart (optional). Signals are filtered to ensure RSI is within user-defined buy/sell thresholds and not in overbought/oversold zones, with thresholds tailored to the market condition.
ATR Volatility Filter: An optional filter ensures signals occur during sufficient volatility (ATR(14) > SMA(ATR, 20)).
Time Filter: Signals are restricted to a user-defined or market-specific time window (e.g., 10:00–15:00 UTC for volatile markets), with an option for custom hours.
Visual Aids: Buy/sell signals appear as green triangles (buy) or red triangles (sell). Candlesticks in neutral zones are colored (default yellow). A table in the top-right corner shows the current trend (Uptrend, Downtrend, Neutral) and volatility (High or Low).
The indicator ensures compatibility with standard chart types (e.g., candlestick charts) to produce realistic signals, avoiding non-standard types like Heikin Ashi or Renko.
How to Use It
Add to Chart: Apply the indicator to a candlestick or bar chart on TradingView.
Configure Settings:
Timeframe: Choose a timeframe (1, 5, 15, 30, or 60 minutes) to align with your trading style.
Market Condition: Select one market condition (Trending, Ranging, or Volatile). Volatile is the default if none is selected. Only one condition can be active.
Filters:
Enable/disable the ATR volatility filter to trade only in high-volatility periods.
Enable the time filter and choose default hours (specific to the market condition) or set custom UTC hours.
Cloud Settings: Adjust the cloud width, neutral zone threshold, and color. Enable/disable the neutral cloud.
RSI Display: Toggle the scaled RSI and its thresholds on the chart.
Interpret Signals:
Buy Signal: A green triangle below the bar indicates a potential long entry (EMA crossover, RSI above buy threshold, within time window, and passing volatility filter).
Sell Signal: A red triangle above the bar indicates a potential short entry (EMA crossunder, RSI below sell threshold, within time window, and passing volatility filter).
Neutral Zone: Yellow candlesticks and cloud (if enabled) suggest a lack of clear trend; avoid trading or use for range-bound strategies.
Monitor the Table: Check the top-right table for real-time trend (Uptrend, Downtrend, Neutral) and volatility (High or Low) to confirm market context.
Unique Features
Adaptive Parameters: Automatically adjusts EMA lengths, RSI thresholds, and trading hours based on the selected market condition, reducing manual tweaking.
Neutral Zone Detection: Uses an ATR-based threshold to identify low-trend periods, helping traders avoid choppy markets.
Scaled RSI Visualization: Plots RSI and thresholds directly on the price chart, making it easier to assess momentum relative to price action.
Flexible Time Filtering: Supports both default and custom UTC-based trading windows, ideal for day traders targeting specific sessions.
Dynamic Cloud: Enhances trend visualization with customizable width and neutral zone coloring, improving readability.
Notes
Use on standard candlestick or bar charts to ensure realistic signals.
Test the indicator on a demo account to understand its behavior in your chosen market and timeframe.
Adjust settings to match your trading strategy, but avoid over-optimizing for past data.
The indicator is not a standalone system; combine it with other analysis (e.g., support/resistance, news events) for better results.
Limitations
Signals may lag in fast-moving markets due to EMA-based calculations.
Neutral zone detection may vary in extremely volatile or illiquid markets.
Time filters are UTC-based; ensure your platform’s timezone settings align.
This indicator is designed for traders seeking a customizable, trend-following tool that adapts to different market environments while providing clear visual cues and robust filtering.
Daily Breakout + Daily Shadow By RouroThis script is a Pine v5 strategy designed to detect daily candle body breakouts and execute them on any intraday timeframe, while also providing:
Daily Data Retrieval
Using request.security(..., "D", ...) it fetches the OHLC and timestamp of the daily candle, regardless of the chart’s current timeframe.
Calculation of Yesterday’s and Day-Before-Yesterday’s Bodies
b1High and b1Low → the high/low of yesterday’s daily candle body
b2High and b2Low → the high/low of the previous day’s body
Detection of the First Intraday Bar After a New Day
By using ta.change(time("D")), it marks the start of each new trading day.
Drawing the Previous Day’s “Shadow” on the Chart
It overlays a box (box.new) and two wick lines (line.new) with configurable colors and transparency, so you can clearly see the full range of yesterday’s candle on any intraday chart.
Automatic End-of-Day Position Closure
It will automatically close any open position at the start of the next day to avoid unintended rollovers.
Entry Signals
On the very first intraday bar after the daily close:
Long if yesterday’s close broke above the body of the day before yesterday
Short if yesterday’s close broke below the body of the day before yesterday
…which triggers a strategy.entry at the intraday open.
Fully Customizable Stop-Loss and Take-Profit
SL options:
Opposite end of yesterday’s body
Fixed pips from entry
A risk-reward ratio on yesterday’s wick
Optional “safety SL” in fixed pips that overrides the above
TP options:
Fixed pips
Yesterday’s wick extreme (high/low)
Partial exit on the wick (TP1), then second exit (TP2) either:
At a multiplied RR
Or at the daily close (“Close of Day”)
You can also choose to move SL to breakeven after TP1 is hit.
Live Metrics Table
In the upper-right corner it displays in real time:
Start of backtest (date of first trade)
Number of ✅ Winning trades and ❌ Losing trades
Total number of trades
Win rate (%)
Profit Factor
All within a fixed table layout so it never runs out of rows or columns.
IU Inside out candlestick patternIU Inside Out Candlestick Pattern
This indicator identifies the Inside Out Candlestick Pattern — a unique 3-bar price action setup that captures strong market momentum and potential reversals with greater reliability than traditional patterns.
Pattern Logic:
The Inside Out pattern builds upon a classic engulfing setup by adding a breakout confirmation, making it a refined and filtered approach to candlestick analysis.
Bullish Inside Out Logic:
- Bar must be a bullish engulfing candle (engulfs previous bearish candle).
- Current bar must be bullish and must close above the high of the engulfing candle (a bullish breakout).
- When this setup is confirmed, a shaded green box is drawn around the range of the engulfing candle and its preceding bar.
Bearish Inside Out Logic:
- Bar must be a bearish engulfing candle (engulfs previous bullish candle).
- Current bar must be bearish and must close below the low of the engulfing candle (a bearish breakdown).
- When confirmed, a red box highlights the zone formed by the engulfing candle and its prior bar.
Why this is unique:
Unlike conventional candlestick indicators that trigger signals immediately after an engulfing pattern, this script adds a breakout condition to validate follow-through strength. This reduces false positives and gives traders a clearer edge. The pattern is also rare, which means it captures strong, decisive moves when it does appear.
How users can benefit:
- High-quality entries: Only shows patterns with proven follow-through, improving trade timing.
- Visual clarity: Boxes and labels highlight significant price zones for easy interpretation.
- Flexible use: Applicable across timeframes and instruments — ideal for both intraday and swing traders.
- Alerts included: Real-time alerts help traders stay updated without staring at charts all day.
This script is a powerful tool for price action traders looking to enhance pattern reliability and signal strength through structure-based breakout confirmation.
Real Open/Close Ticks for Heiken Ashi CandlesJapanese candle open and close prices. Good if you're using a HeikenAshi chart and you want to see real opens and closes.
Asian & London Session Highs/LowsAsian & London Session Highs/Lows with Extendable Lines
This TradingView script automatically marks the highs and lows of the Asian and London trading sessions for the most recent day, allowing traders to identify key levels during these active periods. The lines representing the high and low of each session are drawn at the exact price point where the high/low occurred, and they extend to the right for a customizable number of bars, helping to visualize how the price reacts to these key levels after the session ends.
Key Features:
Session High/Low Tracking: Automatically tracks the highest and lowest points for the Asian and London sessions.
Extendable Lines: Lines start at the exact bar where the high/low occurred and can be extended to the right for a specified number of bars.
Timezone Adjustment: Allows you to input a timezone offset to adjust session times based on your local time or desired market time zone.
Customizable Colors & Line Thickness: Adjust the color and thickness of the session high and low lines to suit your visual preferences.
Clear & Precise Levels: Helps identify important support and resistance levels, making it easier to spot market reactions around session highs and lows.
This indicator is perfect for day traders and those looking to trade during specific market hours, offering clear visual markers of session boundaries and critical price levels.
Entropy [ScorsoneEnterprises]This indicator calculates the entropy of price log returns over a user-defined lookback period, providing insights into market complexity and unpredictability. Entropy measures the randomness or disorder in price movements, helping traders identify periods of high or low market uncertainty.
How It Works
The indicator computes the entropy of log returns (log(close/close )) using a histogram-based approach with customizable bins. Log returns are stored in an array of size N (lookback period), and entropy is calculated by:
Binning the returns into bins intervals based on their range.
Computing the probability distribution across bins.
Calculating entropy as -Σ(p * log(p)), where p is the probability of each bin.
A reference Simple Moving Average (SMA) of the entropy, with a separate lookback period (SMA_N), is plotted to highlight trends in market complexity. The entropy plot uses a gradient color scheme (red for lower entropy, teal for higher), while the SMA color shifts based on whether entropy is above (teal) or below (red) the SMA.
Key Features
Inputs:
Lookback Period (default: 50): Number of bars for calculating log returns.
Reference SMA Lookback Period (default: 100): Period for the entropy SMA.
Number of Bins (default: 20): Number of histogram bins for entropy calculation.
Plots:
Entropy: Gradient-colored line reflecting market randomness.
Reference SMA: Trend line to compare entropy against its average.
Interpretation
High Entropy: Indicates chaotic, unpredictable price movements, often during volatile or trendless markets.
Low Entropy: Suggests more predictable, ordered price behavior, often in trending or stable markets.
Compare entropy to its SMA to gauge whether current market complexity is above or below its recent average.
Usage
Use this indicator to assess market regimes. High entropy may signal choppy, range-bound conditions, while low entropy could indicate trending opportunities. Combine with price action or other indicators for confirmation.
Examples
We see on this PEPPERSTONE:COCOA chart that when entropy is low it signals a strong trend, either up or down. High entropy signals indecision and choppiness in the market. We can determine this by noticing when the value is above or below its recent average.
Entropy is used in high frequency trading often. It is a nice tool for lower time frames to determine how predictable and strong a trend is.
Inputs
Users can enter the lookback value for entropy, bin count, and the look back for the entropy moving average.
No tool is perfect, the Entropy value is also not perfect and should not be followed blindly. It is good to use any tool along with discretion and price action.
Long-Term VWAP Mean Reversion SDCACore Idea:
This indicator is designed to support Strategic Dollar Cost Averaging (SDCA) for Bitcoin using a cumulative VWAP-based mean reversion model. It helps long-term investors identify high-conviction buy zones and overbought conditions using statistical deviation from the cumulative VWAP. This indicator evaluates how much price is stretched from the true market average price, weighted by cumulative volume over time.
Core Concepts and Formulas:
Cumulative VWAP (Volume Weighted Average Price):
VWAP cumulative = ∑(Price×Volume) / ∑Volume
A long-term anchor that reflects the average dollar cost of all market participants across all candles. This version does not reset daily, unlike intraday VWAP.
VWAP Deviation % :
Deviation% = Price - VWAP cumulative / VWAP cumulative x 100
Shows how far current price has diverged from the long-term fair value.
Z-Score of VWAP Deviation:
Z= (Price−VWAP)−μ / σ (lookback period: default 200)
SDCA Multiplier Mapping:
*Keep in mind in my Z-Score system, -2 represents the overbought level (white horizontal line) and +2 represents oversold (cyan horizontal line) conditions. So the scores on the Y axis and Z-score in the table are reversed.
| Z-Score Range | SDCA Multiplier |
---------------------------------------------
| ≤ -2 | 0.25×
| -1 to +1 | 1.0×
| > +2 | 2.0×
The pink line plots this multiplier. It’s meant to control buy weight at each time step.
How to Use This for SDCA:
-Buy normally when the multiplier is 1.0× (Z-score between -1 and +1)
-Accelerate buying when Z-score is deeply negative (price far below VWAP)
-Slow or pause buying when Z-score is high (price far above VWAP)
-Use the stats panel to track current Z-score, VWAP level, deviation %, and multiplier
-Watch the red/blue backgrounds as visual confirmation of oversold/overbought zones
Inputs:
Z-Score Lookback Length:
Default: 200 but can be adjusted.
Visuals:
Z-Score Line (cyan): shows current standardized deviation from VWAP
Multiplier Line (bright pink): your SDCA intensity signal
Background Zones: cyan = oversold, white = overbought
Horizontal Lines: +2 and -2 standard deviation thresholds
Stats Panel (bottom right): live values for Z-score, multiplier, price, VWAP, and the deviation formula
Suited For:
-Long-term Bitcoin investors
-SDCA Systems
-Mean reversion systems
-Macro-level buy/sell planning
sideways market for strangleThis Pine Script is designed to identify **sideways or range-bound markets**, which are often ideal conditions for trading **options strangle strategies**. Here's a breakdown of what the script does:
---
### 🛠 **Purpose:**
To **detect low-volatility, sideways market conditions** where price is not trending strongly in either direction — suitable for **neutral options strategies like short strangles**.
---
### 📌 **Key Components:**
#### 1. **Inputs:**
- `RSI Length`: Default 14 — used for calculating the Relative Strength Index (RSI).
- `ADX Length`: Default 14 — used for calculating the Average Directional Index (ADX), DI+ (positive directional movement), and DI- (negative directional movement).
#### 2. **RSI Calculation:**
- `rsiValue` is calculated using the built-in `ta.rsi(close, rsiLength)`.
- A **sideways market** is expected when RSI is in the **40–60 range**, indicating lack of strong momentum.
#### 3. **ADX and Directional Indicators (DI+ and DI-):**
- `diPlus` and `diMinus` are calculated based on recent price movements and the True Range.
- `dx` (Directional Index) measures the strength of trend direction using the difference between DI+ and DI-.
- `adx` is a smoothed version of `dx` and represents **overall trend strength**.
#### 4. **Sideways Market Conditions:**
- **RSI Condition**: RSI is between 40 and 60.
- **ADX Condition**:
- `adx <= 25` → Weak or no trend.
- `adx < diPlus` and `adx < diMinus` → Confirms ADX is lower than directional components, reducing likelihood of a trending market.
#### 5. **Signal Plot:**
- A **green label below the bar** (`shape.labelup`) is plotted when both conditions are met.
- Indicates potential sideways market conditions.
---
### ✅ **Use Case:**
- This signal can help identify **low-volatility zones** suitable for **short strangles** or **iron condors**, where you profit from time decay while expecting the price to stay within a range.
True Range Orginal📌 Description – True Range Original
This indicator calculates the range (price spread) of the last N candles and displays it directly on the chart, along with suggested dynamic stop-loss levels based on recent volatility. Ideal for scalpers and day traders working on short timeframes such as 1-minute charts.
🔍 Features:
Calculates the difference between the highest high and lowest low of the last N bars (default: 15).
Plots a floating label with the current range value, updated every 5 candles.
Displays 4 dynamic stop levels:
For long positions:
Stop at 1x range (green line)
Stop at 1.5x range (light green line)
For short positions:
Stop at 1x range (red line)
Stop at 1.5x range (dark red line)
⚙️ Inputs:
Range period (number of bars)
Stop multiplier 1 (default: 1.0)
Stop multiplier 2 (default: 1.5)
📈 Usage:
This tool helps you size your stop-loss dynamically based on recent price action instead of using fixed values. It can be used alone or in combination with other tools like support/resistance, volume, or aggression indicators.
London/NY Sessions + SMC Levels📜 Indicator Description: London/NY Sessions + SMC Levels
Overview: This indicator highlights the key trading sessions — London, New York, NY Lunch, and Asian Range — providing structured visual guides based on Smart Money Concepts (SMC) and ICT principles.
It dynamically plots:
Session Backgrounds and Boxes for London, NY, Lunch, and Asian sessions
Reference Levels for the High, Low, and Close from today, previous day, or weekly data
Midnight Open line for ICT-style power of three setups
Real-time alerts for session starts, session closes, and important price level crossings
Features:
🕰️ Session Visualization:
Toggle London, NY, Lunch, and Asian session ranges individually, with customizable colors and transparent backgrounds.
🔔 Built-in Alerts:
Alerts for:
Price crossing the previous day's high/low
Price crossing the Midnight Open
Start and end of major sessions (London, NY, Lunch, Asian)
🟩 Reference Levels:
Plot selectable session reference levels:
Today’s intraday High/Low/Close
Previous Day’s High/Low/Close
This Week’s or Previous Week’s levels for broader context.
🌙 Midnight Open:
Track the Midnight New York Open as a reference point for daily bias shifts.
🎯 Customizable Settings:
Choose your session time zones (UTC, New York, London, etc.)
Customize all border colors, background colors, and session hours.
Use Cases:
Identify killzones and optimal trade entry windows for Smart Money Concepts (SMC) and ICT strategies.
Monitor liquidity pool sweeps and session transitions.
Confirm or refine your intraday or swing trading setups by referencing session highs/lows.
Recommended For:
ICT traders
Smart Money Concepts (SMC) practitioners
Forex, indices, crypto, and futures traders focusing on session-based volatility patterns
Anyone wanting a clean, professional session mapping tool
📈
Designed to help you trade with session precision and Smart Money accuracy.
Integrates seamlessly into any ICT, Wyckoff, or Liquidity-based trading approach.
Binary Strategy (with SMI logic)🧠 How to Use:
Chart Timeframe: 5-minute
Setup: Wait for an arrow to appear
Green arrow = BUY a 20-min binary in uptrend with positive momentum
Red arrow = SELL a 20-min binary in downtrend with negative momentum
SMI Logic: Entry only when SMI crosses its signal line in the trend direction and above/below zero
Works for Nadex 20-Minute $&P 500 Binary
If long at 75 get out at 50, or if short at 25 get out at 50. This allow you to be trading at a 1:1 ratio. (Approx.)
Entropy Bands (TechnoBlooms)Entropy Bands — A New Era of Volatility and Trend Analysis
Entropy Bands is our next indicator as a part of the Quantum Price Theory (QPT) Series of indicators.
🧠 Overview
Entropy Bands are an advanced volatility-based indicator that reimagines traditional banded systems like Bollinger Bands.
Built on entropy theory, adaptive moving averages, and dynamic volatility measurement, Entropy Bands provide deeper insights into market randomness, trend strength, and breakout potential.
Instead of only relying on price deviation (like Bollinger Bands), Entropy Bands integrate chaos theory principles to create smarter, more responsive dynamic bands that adapt to real market behavior.
🚀Why is Entropy Bands Different — and Better
Dynamic Band Width : Adjusts using both entropy and ATR, creating smarter expansion/contraction.
Multi-Moving Average Core : Choose between SMA, EMA, or WMA for optimal centerline behavior.
Noise and Breakout Filtering : Filters fake breakouts by analyzing candle body size and entropy conditions.
Visual Clarity : Background and candle coloring highlight chaotic/noisy zones, trend zones, and breakout moments.
Entropy Bands don't just react to price — they analyze the underlying market behavior, offering superior decision-making signals.
📚 Watch Band Behavior:
Bands expand during volatility spikes or chaotic conditions.
Bands contract during low volatility or tight consolidation zones.
📚 Analyze Candle Coloring:
Green = Bullish breakout (closing above upper band).
Pink = Bearish breakout (closing below lower band).
Gray = Inside bands (neutral/random noise).
✨ Key Features of Entropy Bands:
Entropy-Based Band Width Calculation: A scientific edge over pure price deviation methods.
Dynamic Background Coloring: Highlights high entropy areas where randomness dominates.
Candle Breakout Coloring: Easy-to-spot trend breakouts and strength moves.
Multi-MA Flexibility: Adapt the bands’ core to trending, ranging, or volatile markets.
Body Size Filter: Protects against fake breakouts by requiring meaningful candle body moves.
Multi Candle Engulfing Detector🔍 Multi Candle Engulfing Detector
This indicator identifies powerful engulfing candles that consume three or more previous candles — a signal often tied to strong market reversals or continuation moves.
🧠 Features
Detects candles that fully engulf the previous 3 or more candles
Optional filtering: only trigger when the engulfed candles are of the opposite color
Customizable engulf count for greater pattern control
Clear bullish and bearish signal labels on the chart
Alerts integrated: get notified the moment a setup forms
Background highlighting for enhanced visibility
⚙️ Settings
Minimum Number of Candles to Engulf: Default is 3, but can be adjusted
Require Opposite Color: When enabled, the engulfing candle must be opposite in color to the engulfed ones (e.g., green engulfing red)
📈 Use Cases
Spot strong reversal signals at tops and bottoms
Confirm breakout momentum on trend continuation
Use in confluence with other tools like volume or support/resistance
🚨 Alerts
Alerts fire when a bullish or bearish engulfing pattern is detected, allowing for mobile, email, or webhook notifications.
✅ Notes
This script is fully customizable and can be extended into a strategy or scanning tool. Feedback and suggestions are always welcome!
Rawstocks 15 Minute ModelRawstocks 15-Minute Model
The Rawstocks 15-Minute Model is a precision intraday trading strategy designed for the US stock market (9:30 AM - 4:00 PM ET), optimized for the 15-minute timeframe. It combines institutional order flow concepts with Fibonacci retracements to identify high-probability reversal setups while enforcing strict risk management and session-based rules.
Key Features
Time-Based Execution
Trading Hours: 9:30 AM - 4:00 PM ET (no new entries after 4:00 PM)
Force Close: All positions auto-exit at 4:30 PM ET (prevents overnight risk)
Entry Logic
Order Block + Fib Confluence:
Identifies institutional order blocks (previous swing highs/lows)
Requires price pullback to 61.8% or 79% Fibonacci level
Liquidity Confirmation:
Waits for stop runs (liquidity sweeps) before reversal entries
Exit Rules
Stop Loss: 1x ATR (14) from entry
Take Profit: 2:1 Risk-Reward (adjustable)
Visual Signals
Green Triangle: Valid long setup (pullback to bullish OB + Fib)
Red Triangle: Valid short setup (pullback to bearish OB + Fib)
Blue/Purple Background: Highlights active trading vs. close period
How It Works
Identify the Setup
Wait for a strong impulse move (break of structure)
Mark the order block (institutional zone)
Confirm Pullback
Price must retrace to 61.8% or 79% Fib level
Must occur within trading hours (9:30 AM - 4:00 PM)
Enter on Confirmation
Long: Break of pullback candle high (stop below recent swing low)
Short: Break of pullback candle low (stop above recent swing high)
Manage the Trade
Trail stop or exit at 2R (risk-to-reward)
All positions close at 4:30 PM sharp
2 MA + Strat Candle ColorsThe "2 MA + Strat Candle Colors" indicator combines two customizable moving averages (MAs) with a strategic candle-coloring system to help traders analyze trends and price action. Here’s a breakdown of its features:
1. Two Moving Averages (MAs):
MA 1 & MA 2 Settings:
Users can select between 7 MA types for each line: SMA, EMA, WMA, HMA, VWMA, LSMA, SMMA.
Adjustable periods and price sources (e.g., close, open) for both MAs.
Default settings: MA 1 = 9-period EMA, MA 2 = 20-period EMA.
Plotting:
MA 1 is blue, MA 2 is red (colors customizable via inputs).
Crossovers between the MAs can signal trend changes.
2. Strategic Candle Coloring:
Candles are colored based on their relationship to the previous candle:
Green (Bullish): "Two-Up Bar" – current high > prior high, and low does not break prior low.
Red (Bearish): "Two-Down Bar" – current low < prior low, and high does not break prior high.
Purple (Outside Bar): "Three Bar" – current candle engulfs the prior candle (higher high and lower low).
Yellow (Inside Bar): "One Bar" – current candle is contained within the prior candle’s range.
Candle coloring is based on:
Bar Count for XAUThis TradingView indicator labels every other five-minute candle for XAU during the current Beijing session, which runs from 06:00 to 05:00 the next day. It shows the actual bar numbers—1, 3, 5, and so on—only for today’s session; yesterday’s labels are automatically cleared at the new open. The tags appear just below each qualifying candle with no background box, and you can adjust the font size in the settings. In short, it gives you a clean, real-time visual of intraday bar order without clutter
Bollinger Free BarsIdentify Extreme Price Actions with Non-Overlay Visualization
Core Functionality
This indicator detects two types of Bollinger Band breakout patterns without cluttering your chart:
1 ️⃣ Half Breakout Bar (Blue Triangles)
- Triggers when both open & close prices are outside the Bollinger Bands
- Suggests strong directional momentum continuation
2 ️⃣ Complete Breakout Bar (Red Flags)
- Activates when entire price action (including wicks) stays outside the bands
- Signals extreme volatility exhaustion points
Feature Highlights
◾ Smart Band Display
Translucent bands (#2196F3 & #FF9800 with 70% transparency) maintain chart clarity while showing dynamic volatility ranges
◾ Parameter Customization
- Adjustable period (default 20) & deviation multiplier (default 2.0)
- Selectable price source (close/open/high/low)
◾ Statistical Validation
Based on Bollinger Band's 95.4% price containment principle, signals filter out 4.6% extreme market conditions for high-probability scenarios.
Recommended Usage
1. Combine with volume analysis (significant breakout with high volume increases signal reliability)
2. Confirm with trend lines or RSI divergence
3. Adjust transparency via "Style" tab for multi-indicator layouts
Code Safety
- No repainting: All calculations use historical price data only
- No external network requests
- Open-source logic compliant with Pine Script v6 standards
Disclaimer
This tool is for technical analysis education only. Past performance doesn't guarantee future results. Always validate signals with fundamental analysis and proper risk management.
Initial Imbalance [First FVG - ICT] v1Initial Imbalance v1
This indicator identifies the first Fair Value Gap (FVG) at the start of a user-defined session, inspired by The Inner Circle Trader. It helps traders spot initial imbalance in a sessions price action, offering filter options to refine FVG detection and optional session high/low lines for context.
Features:
Detects the first bullish or bearish FVG at the session start (default: 08:30). ISE: Sets a custom session start time (hour and minute).
Filters FVGs by size: None, ATR-based, or Points-based.
Displays session high/low lines (optional) to visualize the session range.
Customizable colors for bullish and bearish FVGs (background and border derived from a single color input).
Alerts for new FVGs and mitigated FVGs.
Settings:
Session Start Time: Define the hour and minute for the session start.
FVG Filter Type: Choose None, ATR, or Points to filter FVGs by size.
ATR Multiple / Minimum Points: Set the minimum FVG size for ATR or Points filters.
Show Session High/Low Lines: Toggle visibility of session range lines.
Bullish/Bearish FVG Colors: Customize colors for FVGs.
Technical Details:
Overlay indicator, displayed directly on the price chart.
This indicator is ideal for traders seeking to identify key price imbalances at the start of a session, with flexible filtering and visualization options.
Bearish Highs & Bullish Lows (Untouched Levels)As the indicator-name already states:
This indicator draws rays from every untouched high of a bear candle and every untouched low of a bull candle.
Levels which are touched are deleted, not on touch, but on the start of the new candle.
EU vs GU Strength @smEURUSD vs GBPUSD Strength Tester
✅ What it does:
-Plots EURUSD change (blue line)
-Plot GBPUSD change (green line)
-Plots EURGBP change (orange line)
Background turns bluish if EUR is stronger, greenish if GBP is stronger!
So, just by watching the background color, you can immediately tell:
If you prefer EURUSD or GBPUSD for your long/short setup.
BTST By ANTThe BTST Indicator is a powerful tool specifically designed for traders in the Indian stock market. This unique indicator identifies and highlights key price movements at a pivotal time—3:15 PM. This time is crucial for making BTST (Buy Today, Sell Tomorrow) decisions, a popular trading strategy in India.
Key Features:
Gap Identification : The indicator detects whether the current price action represents a gap-up or gap-down situation compared to the Heikinashi candle close price. This information is vital for short-term traders looking to capitalize on price momentum.
Visual Alerts : When a gap-up trend is detected, a green label "Gap Up" is displayed above the relevant bar. Similarly, a red label "Gap Down" appears below the bar for gap-down movements. These visual indicators help traders make quick and informed decisions.
User-Friendly Insights: The BTST Indicator provides vital information about last closed prices and the dynamics between normal candles and Heikinashi candles. With detailed logs, users can see the exact conditions leading to buy or sell signals, helping optimize trading strategies.
Why Use the BTST Indicator?
Timeliness: The focus on the 3:15 PM mark aligns perfectly with trading patterns and market behavior specific to the Indian stock market, making it an invaluable addition to your trading arsenal.
Enhanced Decision-Making: By receiving immediate visual cues on significant price movements, traders can execute their BTST strategies with greater confidence and speed.
Designed for Indian Markets: This indicator caters specifically to the nuances of Indian stock trading, ensuring relevance and effectiveness for local traders.
Start utilizing the BTST Indicator today to enhance your trading strategies and position yourself for successful trades in the Indian stock market!
Pmax + T3Pmax + T3 is a versatile hybrid trend-momentum indicator that overlays two complementary systems on your price chart:
1. Pmax (EMA & ATR “Risk” Zones)
Calculates two exponential moving averages (Fast EMA & Slow EMA) and plots them to gauge trend direction.
Highlights “risk zones” behind price as a colored background:
Green when Fast EMA > Slow EMA (up-trend)
Red when Fast EMA < Slow EMA (down-trend)
Yellow when EMAs are close (“flat” zone), helping you avoid choppy markets.
You can toggle risk-zone highlighting on/off, plus choose to ignore signals in the yellow (neutral) zone.
2. T3 (Triple-Smoothed EMA Momentum)
Applies three sequential EMA smoothing (the classic “T3” algorithm) to your chosen source (usually close).
Fills the area between successive T3 curves with up/down colors for a clear visual of momentum shifts.
Optional neon-glow styling (outer, mid, inner glows) in customizable widths and transparencies for a striking “cyber” look.
You can highlight T3 movements only when the line is rising (green) or falling (red), or disable movement coloring.
