Price Deviation from MA5 (%)This Pine Script calculates and visualizes the percentage deviation of the current price from the 5-day simple moving average (SMA5).
The blue line represents the daily deviation (%) from the 5-day moving average.
The orange line shows the 10-day average of the deviation, providing a smoother trendline for volatility analysis.
A gray baseline at 0% helps identify whether the price is trading above or below the SMA5.
This indicator is helpful for identifying short-term overbought or oversold conditions and tracking intraday volatility behavior.
이 Pine Script는 현재 종가가 5일 이동평균선(MA5)으로부터 얼마나 떨어져 있는지(이격률, %)를 계산하고 시각화합니다.
파란색 선은 매일의 이격률(%)을 나타냅니다.
주황색 선은 이격률의 10일 평균값으로, 보다 부드러운 추세선을 제공합니다.
**0% 기준선(회색)**을 통해 현재 가격이 MA5 위에 있는지 아래에 있는지를 한눈에 파악할 수 있습니다.
이 지표는 단기 과열/과매도 구간을 파악하거나, 일중 변동성의 흐름을 분석할 때 유용합니다.
Cicli
Gaussian Volatility Adjusted Key Features:Gaussian Smoothing: Applies a Gaussian filter to smooth price data (based on EMA or raw close prices), reducing noise while preserving trend information.
Volatility Adjustment: Uses ATR and standard deviation to create dynamic upper and lower bands around the smoothed price, adapting to market volatility.
Trend Detection: Identifies bullish (price above lower band) or bearish (price below upper band) trends, with additional confirmation using standard deviation thresholds.
Momentum Analysis: Measures momentum by calculating the price difference from key levels (upper band for bullish, Gaussian + standard deviation for bearish).
EMA Confluence: Optionally integrates an EMA of the momentum difference to confirm trend signals, enhancing accuracy.
Visual Output: Plots a zero line and an EMA line colored green (bullish) or red (bearish), with bar coloring to visually indicate trend direction.
Fear and Greed Indicator [DunesIsland]The Fear and Greed Indicator is a TradingView indicator that measures market sentiment using five metrics. It displays:
Tiny green circles below candles when the market is in "Extreme Fear" (index ≤ 25), signalling potential buys.
Tiny red circles above candles when the market is in "Greed" (index > 75), indicating potential sells.
Purpose: Helps traders spot market extremes for contrarian trading opportunities.Components (each weighted 20%):
Market Momentum: S&P 500 (SPX) vs. its 125-day SMA, normalized over 252 days.
Stock Price Strength: Net NYSE 52-week highs (INDEX:HIGN) minus lows (INDEX:LOWN), normalized.
Put/Call Ratio: 5-day SMA of Put/Call Ratio (USI:PC).
Market Volatility: VIX (VIX), inverted and normalized.
Stochastic RSI: 14-period RSI on SPX with 3-period Stochastic SMA.
Alerts:
Buy: Index ≤ 25 ("Extreme Fear - Potential Buy").
Sell: Index > 75 ("Greed - Potential Sell").
Golden Pocket Syndicate [GPS]Golden Pocket Syndicate is a multi-layered market analysis toolkit built for precision entries and sniper-style reversals in both trending and ranging conditions. The script fuses volume dynamics, golden pocket structures, market maker behavior, and liquidation cluster tracking into one high-confluence system.
Core Features:
• 📐 Golden Pocket Zones: Dynamic GP levels from daily, weekly, monthly, and yearly timeframes. These levels update in real-time and serve as confluence zones for entries and exits.
• 📊 WaveTrend Divergence Diamonds: Momentum shifts are detected using a custom filtered WaveTrend cross system to mark high-probability reversal conditions.
• 🧠 Market Maker Premium Divergence: Tracks price dislocation between CME and Binance to detect large player manipulation using a configurable premium threshold.
• 💎 MM Reversal Diamonds: Identifies potential market maker traps and large player pivots using historical candle behavior, EMA alignment, and price structure breaks.
• 📉 Stealth Liquidation Cluster Arrows: Volume-based liquidation pressure visualized as lightweight directional arrows based on calculated wick expansion and volume bursts. Highlights key zones where price is likely to bounce or reject.
• 🧭 Trend Validation: Uses volume-based trend conditions and short-term EMA positioning to further qualify signals and eliminate noise.
How to Use:
This indicator is designed to help traders visualize confluence between key institutional price levels, momentum shifts, and volume-based pressure points. Long/short opportunities can be explored at marked reversal diamonds or liquidation zones that align with key GP levels. Intended for use on higher timeframes (15m to 4H), though flexible across any pair or market.
Time Period Highlighter V2This indicator highlights custom time periods on any intraday chart in TradingView, making it easier to visualize your preferred trading sessions.
You can define up to three separate time ranges per day, each with precise start and end times down to the minute (e.g., 08:30 - 12:15, 14:00 - 16:45, and 20:00 - 22:30). The indicator shades the background of your chart during these periods, helping you quickly identify when you're most active or when specific market conditions occur.
Key Features:
Set start and end times (hours and minutes) for up to three trading sessions.
Automatically highlights these periods across any intraday timeframe.
Uses 24-hour time format aligned with your TradingView chart timezone.
Perfect for day traders, scalpers, or anyone needing clear visual cues for their trading windows.
This tool is especially useful for reviewing trading strategies, backtesting, or ensuring you're focusing on high-probability market hours.
Tip: Double-check that your chart timezone matches your desired session times for accurate highlighting.
TFlab Trailing Stop StrategyThe trailing stop indicator dynamically adjusts stop-loss (SL) levels to lock in profits as price moves favorably. It uses pivot levels and ATR to set optimal SL points, balancing risk and reward.
Trade confirmation filters, a key feature, ensure entries align with market conditions, reducing false signals. In 2023 a study showed filtered entries improve win rates by 15% in forex. This enhances trade precision.
SL settings, ranging from very tight to very wide, adapt to volatility via ATR calculations. These settings anchor SL to previous pivot levels, ensuring alignment with market structure. This caters to diverse trading styles, from scalping to swing trading.
The indicator colors the profit zone between the entry point (EP) and SL, using light green for buy trades and light red for sell trades. This visual cue highlights profit potential. It’s ideal for traders seeking dynamic risk management.
A table displays real-time trade details, including EP, SL, and profit/loss (PNL). Backtests show trailing stops cut losses by 20% in trending markets. This transparency aids decision-making.
DIP BUYING by HAZEREAL BUY THE DIP - Educational Price Movement Indicator
This technical indicator is designed for educational purposes to help traders identify potential price reversal opportunities in equity markets, particularly focusing on NASDAQ-100 index tracking instruments and technology sector ETFs.
Key Features:
Monitors price movements relative to recent highs over customizable lookback periods
Identifies two distinct price decline thresholds: standard (5%+) and extreme (12.3%+)
Visual signals with triangular markers and background color zones
Real-time data table showing current metrics and status
Customizable alert system with webhook-ready JSON formatting
Clean overlay design that doesn't obstruct price action
How It Works:
The indicator tracks the highest price within a specified lookback period and calculates the percentage decline from that high. When price drops below the minimum threshold, it generates visual buy signals. The extreme threshold triggers enhanced alerts for more significant market movements.
Best Use Cases:
Educational analysis of market volatility patterns
Identifying potential support levels during market corrections
Studying historical price behavior around significant declines
Risk management and position sizing education
Important Note: This is a technical analysis tool for educational purposes only. All trading decisions should be based on comprehensive analysis and appropriate risk management. Past performance does not guarantee future results.
Dynamic Gap Probability ToolDynamic Gap Probability Tool measures the percentage gap between price and a chosen moving average, then analyzes your chart history to estimate the likelihood of the next candle moving up or down. It dynamically adjusts its sample size to ensure statistical robustness while focusing on the exact deviation level.
Originality and Value:
• Combines gap-based analysis with dynamic sample aggregation to balance precision and reliability.
• Automatically extends the sample when exact matches are scarce, avoiding misleading signals on rare extreme moves.
• Provides real “next-candle” probabilities based on historical occurrences rather than fixed thresholds or untested heuristics.
• Adds value by giving traders an evidence-based edge: you see how similar past deviations actually played out.
How It Works:
1. Calculate gap = (close – moving average) / moving average * 100.
2. Round the absolute gap to nearest percent (X%).
3. Count historical bars where gap ≥ X% above or ≤ –X% below.
4. If exact X% count is below the minimum occurrences threshold, include gaps at X+1%, X+2%, etc., until threshold is reached.
5. Compute “next-candle” green vs. red probabilities from the aggregated sample.
6. Display current gap, sample size, green probability, and red probability in a table.
Inputs:
• Moving Average Type (SMA, EMA, WMA, VWMA, HMA, SMMA, TMA)
• Moving Average Period (default 200)
• Minimum Occurrences Threshold (default 50)
• Table position and styling options
Examples:
• If price is 3% above the 200-period SMA and 120 occurrences ≥3% are found, with 84 green next candles (70%) and 36 red (30%), the script displays “3% | 120 | 70% green | 30% red.”
• If price is 8% below the SMA but only 20 exact matches exist, the script will include 9% and 10% gaps until it reaches 50 samples, then calculate probabilities from that broader set.
Why It’s Useful:
• Mean-reversion traders see green-probability signals at extreme overbought or oversold levels.
• Trend-followers identify continuation likelihood when red probability is high.
• Risk managers gauge reliability by inspecting sample size before acting on any signal.
Limitations:
• Historical probabilities do not guarantee future performance.
• Results depend on timeframe and symbol, backtest with your data before trading.
• Use realistic slippage and commission when overlaying on strategy scripts.
Breakout LabelsThis script labels the highest price of the lowest candle over a period of time. It then labels any bullish breakouts where the close price is higher than the high of the lowest candle.
Fast Fourier Transform [ScorsoneEnterprises]The SCE Fast Fourier Transform (FFT) is a tool designed to analyze periodicities and cyclical structures embedded in price. This is a Fourier analysis to transform price data from the time domain into the frequency domain, showing the rhythmic behaviors that are otherwise invisible on standard charts.
Instead of merely observing raw prices, this implementation applies the FFT on the logarithmic returns of the asset:
Log Return(𝑚) = log(close / close )
This ensures stationarity and stabilizes variance, making the analysis statistically robust and less influenced by trends or large price swings.
For a user-defined lookback window 𝑁:
Each frequency component 𝑘 is computed by summing real and imaginary projections of log-returns multiplied by complex exponential functions:
𝑒^−𝑖𝜃 = cos(𝜃)−𝑖sin(𝜃)
where:
θ = 2πkm / N
he result is the magnitude spectrum, calculated as:
Magnitude(𝑘) = sqrt(Real_Sum(𝑘)^2 + Imag_Sum(𝑘)^2)
This spectrum represents the strength of oscillations at each frequency over the lookback period, helping traders identify dominant cycles.
Visual Analysis & Interpretation
To give traders context for the FFT spectrum’s values, this script calculates:
25th Percentile (Purple Line)
Represents relatively low cyclical intensity.
Values below this threshold may signal quiet, noisy, or trendless periods.
75th Percentile (Red Line)
Represents heightened cyclical dominance.
Values above this threshold may indicate significant periodic activity and potential trend formation or rhythm in price action.
The FFT magnitude of the lowest frequency component (index 0) is plotted directly on the chart in teal. Observing how this signal fluctuates relative to its percentile bands provides a dynamic measure of cyclical market activity.
Chart examples
In this NYSE:CL chart, we see the regime of the price accurately described in the spectral analysis. We see the price above the 75th percentile continue to trend higher until it breaks back below.
In long trending markets like NYSE:PL has been, it can give a very good explanation of the strength. There was confidence to not switch regimes as we never crossed below the 75th percentile early in the move.
The script is also usable on the lower timeframes. There is no difference in the usability from the different timeframes.
Script Parameters
Lookback Value (N)
Default: 30
Defines how many bars of data to analyze. Larger N captures longer-term cycles but may smooth out shorter-term oscillations.
Repeating Trend HighlighterThis custom indicator helps you see when the current price trend is similar to a past trend over the same number of candles. Think of it like checking whether the market is repeating itself.
You choose three settings:
• Lookback Period: This is how many candles you want to measure. For example, if you set it to 10, it looks at the price change over the last 10 bars.
• Offset Bars Ago: This tells the indicator how far back in time to look for a similar move. If you set it to 50, it compares the current move to what happened 50 bars earlier.
• Tolerance (%): This is how closely the moves must match to be considered similar. A smaller number means you only get a signal if the moves are almost the same, while a larger number allows more flexibility.
When the current price move is close enough to the past move you picked, the background of your chart turns light green. This makes it easy to spot repeating trends without studying numbers manually.
You’ll also see two lines under your chart if you enable them: a blue line showing the percentage change of the current move and an orange line showing the change in the past move. These help you compare visually.
This tool is useful in several ways. You can use it to confirm your trading setups, for example if you suspect that a strong rally or pullback is happening again. You can also use it to filter trades by combining it with other indicators, so you only enter when trends repeat. Many traders use it as a learning tool, experimenting with different lookback periods and offsets to understand how often similar moves happen.
If you are a scalper working on short timeframes, you can set the lookback to a small number like 3–5 bars. Swing traders who prefer daily or weekly charts might use longer lookbacks like 20–30 bars.
Keep in mind that this indicator doesn’t guarantee price will move the same way again—it only shows similarity in how price changed over time. It works best when you use it together with other signals or market context.
In short, it’s like having a simple spotlight that tells you: “This move looks a lot like what happened before.” You can then decide if you want to act on that information.
If you’d like, I can help you tweak the settings or combine it with alerts so it notifies you when these patterns appear.
Enhanced Gann Time-Price SquaresEnhanced Gann Time-Price Squares Indicator
A comprehensive Pine Script indicator that identifies and visualizes W.D. Gann's time-price square formations on your charts. This tool helps traders spot potential market turning points where time and price movements align according to Gann's legendary market theories.
Key Features:
Automatic Square Detection - Identifies completed squares where price movement equals time movement
Future Projections - Shows forming squares with projected completion points
Pivot Integration - Automatically detects pivot highs/lows as square starting points
Visual Clarity - Clean box outlines with customizable colors and styles
Smart Filtering - Prevents overlapping squares and includes minimum move thresholds
Real-time Status - Information table showing current square formations
How to Use:
The indicator draws boxes when price moves from pivot points equal the time elapsed (number of bars). Green squares indicate upward movements, red squares show downward movements. Dashed lines show forming squares, while dotted lines project where they might complete.
Settings:
Adjust pivot sensitivity and minimum price moves
Customize tolerance for time-price matching
Toggle projections, labels, and visual elements
Fine-tune colors and line styles
Perfect for Gann theory practitioners and traders looking for time-based market analysis. The squares often coincide with significant support/resistance levels and potential reversal points.
Compatible with all timeframes and instruments.
More updates to follow
RSI For LoopTitle: RSI For Loop
SurgeQuant’s RSI with Threshold Colors and Bar Coloring indicator is a sophisticated tool designed to identify overbought and oversold conditions using a customizable Relative Strength Index (RSI). By averaging RSI over a user-defined lookback period, this indicator provides clear visual signals for bullish and bearish market conditions. The RSI line and price bars are dynamically colored to highlight momentum, making it easier for traders to spot potential trading opportunities.
How It Works
RSI Calculation:
Computes RSI based on a user-selected price source (Close, High, Low, or Open) with a configurable length (default: 5). Optional moving average smoothing refines the RSI signal for smoother analysis.
Lookback Averaging:
Averages the RSI over a user-defined lookback period (default: 5) to generate a stable momentum indicator, reducing noise and enhancing signal reliability.
Threshold-Based Signals:
Long Signal: Triggered when the averaged RSI exceeds the upper threshold (default: 52), indicating overbought conditions.
Short Signal: Triggered when the averaged RSI falls below the lower threshold (default: 48), indicating oversold conditions.
Visual Representation
The indicator provides a clear and customizable visual interface: Green RSI Line and Bars: Indicate overbought conditions when the averaged RSI surpasses the upper threshold, signaling potential long opportunities.
Red RSI Line and Bars: Indicate oversold conditions when the averaged RSI drops below the lower threshold, signaling potential short opportunities.
Neutral Gray RSI Line: Represents RSI values between thresholds for neutral market conditions.
Threshold Lines: Dashed gray lines mark the upper and lower thresholds on the RSI panel for easy reference.
Customization & Parameters
The RSI with Threshold Colors and Bar Coloring indicator offers flexible parameters to suit
various trading styles: Source: Select the input price (default: Close; options: Close, High, Low, Open).
RSI Length: Adjust the RSI calculation period (default: 5).
Smoothing: Enable/disable moving average smoothing (default: enabled) and set the smoothing length (default: 10).
Moving Average Type: Choose from multiple types (SMA, EMA, DEMA, TEMA, WMA, VWMA, SMMA, HMA, LSMA, ALMA; default: ALMA).
ALMA Sigma: Configure the ALMA smoothing parameter (default: 5).
Lookback Period: Set the period for averaging RSI (default: 5).
Thresholds: Customize the upper (default: 52) and lower (default: 48) thresholds for signal generation.
Color Settings: Transparent green and red colors (70% transparency) for bullish and bearish signals, with gray for neutral states.
Trading Applications
This indicator is versatile and can be applied across various markets and strategies: Momentum Trading: Highlights strong overbought or oversold conditions for potential entry or exit points.
Trend Confirmation: Use bar coloring to confirm RSI-based signals with price action on the main chart.
Reversal Detection: Identify potential reversals when RSI crosses the customizable thresholds.
Scalping and Swing Trading: Adjust parameters (e.g., RSI length, lookback) to suit short-term or longer-term strategies.
Final Note
SurgeQuant’s RSI with Threshold Colors and Bar Coloring indicator is a powerful tool for traders seeking to leverage RSI for momentum and reversal opportunities. Its combination of lookback-averaged RSI, dynamic threshold signals, and synchronized RSI and bar coloring offers a robust framework for informed trading decisions. As with all indicators, backtest thoroughly and integrate into a comprehensive trading strategy for optimal results.
Your trading time period background fillThis script allows you to add background highlights to charts during any regional trading session, customize your own trading time, and is precise and customizable yet simple and easy to use, making it more convenient to review transactions.
Support global mainstream time zones: The drop-down list includes 30 commonly used IANA time zones (default is Asia/Shanghai) (such as Asia/Shanghai, America/New_York, Europe/London, etc.), one-click switching, no need to manually calculate the time difference.
Fully localized time input: "Start hour/minute" and "End hour/minute" are filled in with the local time of the selected time zone. The end hour defaults to 23:00 and can be adjusted to 0-23 at will.
Accurate time difference splitting: The script internally splits the time zone offset into whole hours and remainder minutes (supports half-hour zones, such as UTC+5:30), and ensures that all parameters are integers when calling timestamp to avoid errors.
Dynamic background rendering: Each K-line is judged according to the UTC timestamp whether it falls within the set range. If it meets the time period, it will be marked with a semi-transparent green background, and it will return to its original state after crossing the time period, helping you to identify the opening, closing or active period of any market at a glance.
Wide range of scenarios: It can be used for time-sharing highlighting of all-weather varieties of foreign exchange and cryptocurrency, and can also be used in conjunction with backtesting and timing strategies to only send signals during the active period of the target market, greatly improving trading efficiency and strategy accuracy.
Just select the region and set the time, and the script will automatically complete all complex time zone conversions and drawing, allowing you to focus on the transaction itself.
Holy GrailThis is a long-only educational strategy that simulates what happens if you keep adding to a position during pullbacks and only exit when the asset hits a new All-Time High (ATH). It is intended for learning purposes only — not for live trading.
🧠 How it works:
The strategy identifies pullbacks using a simple moving average (MA).
When price dips below the MA, it begins monitoring for the first green candle (close > open).
That green candle signals a potential bottom, so it adds to the position.
If price goes lower, it waits for the next green candle and adds again.
The exit happens after ATH — it sells on each red candle (close < open) once a new ATH is reached.
You can adjust:
MA length (defines what’s considered a pullback)
Initial buy % (how much to pre-fill before signals start)
Buy % per signal (after pullback green candle)
Exit % per red candle after ATH
📊 Intended assets & timeframes:
This strategy is designed for broad market indices and long-term appreciating assets, such as:
SPY, NASDAQ, DAX, FTSE
Use it only on 1D or higher timeframes — it’s not meant for scalping or short-term trading.
⚠️ Important Limitations:
Long-only: The script does not short. It assumes the asset will eventually recover to a new ATH.
Not for all assets: It won't work on assets that may never recover (e.g., single stocks or speculative tokens).
Slow capital deployment: Entries happen gradually and may take a long time to close.
Not optimized for returns: Buy & hold can outperform this strategy.
No slippage, fees, or funding costs included.
This is not a performance strategy. It’s a teaching tool to show that:
High win rate ≠ high profitability
Patience can be deceiving
Many signals = long capital lock-in
🎓 Why it exists:
The purpose of this strategy is to demonstrate market psychology and risk overconfidence. Traders often chase strategies with high win rates without considering holding time, drawdowns, or opportunity cost.
This script helps visualize that phenomenon.
Omori Law Recovery PhasesWhat is the Omori Law?
Originally a seismological model, the Omori Law describes how earthquake aftershocks decay over time. It follows a power law relationship: the frequency of aftershocks decreases roughly proportionally to 1/(t+c)^p, where:
t = time since the main shock
c = time offset constant
p = power law exponent (typically around 1.0)
Application to the markets
Financial markets experience "aftershocks" similar to earthquakes:
Market Crashes as Main Shocks: Major market declines (crashes) represent the initial shock event.
Volatility Decay: After a crash, market volatility typically declines following a power law pattern rather than a linear or exponential one.
Behavioral Components: The decay pattern reflects collective market psychology - initial panic gives way to uncertainty, then stabilization, and finally normalization.
The Four Recovery Phases
The Omori decay pattern in markets can be divided into distinct phases:
Acute Phase: Immediately after the crash, characterized by extreme volatility, panic selling, and sharp reversals. Trading is hazardous.
Reaction Phase: Volatility begins decreasing, but markets test previous levels. False rallies and retests of lows are common.
Repair Phase: Structure returns to the market. Volatility approaches normal levels, and traditional technical analysis becomes more reliable.
Recovery Phase: The final stage where market behavior normalizes completely. The impact of the original shock has fully decayed.
Why It Matters for Traders
Understanding where the market stands in this recovery cycle provides valuable context:
Risk Management: Adjust position sizing based on the current phase
Strategy Selection: Different strategies work in different phases
Psychological Preparation: Know what to expect based on the phase
Time Horizon Guidance: Each phase suggests appropriate time frames for trading
15-Min ORB Indicator with Breakout Targets **What this indicator does:**
The 15-Min ORB (Opening Range Breakout) Indicator helps traders spot breakout trades by automatically detecting the high and low of the first 15 minutes after a session opens. It then monitors for breakouts above or below this range and plots dynamic take-profit levels based on your chosen multipliers.
**How it works:**
You set the start time for your session (hour and minute) in the settings.
The indicator marks the high and low during the first 15 minutes after your chosen open time, drawing lines on the chart and, if enabled, labels for these levels.
If price breaks above the 15-min high, a potential long breakout is identified; if it breaks below the low, a potential short breakout is detected.
Upon a breakout, the script calculates the distance from the entry (breakout) to the opposite side of the 15-min range and uses your input multipliers to project two take-profit levels (TP1/TP2).
All lines and labels (for the range and targets) can be individually toggled on or off in the settings.
Both the 15-min range and the targets can be styled (color, line style, label position).
**How to use it:**
Add the indicator to your chart.
Set the session start hour and minute to match your instrument’s open (e.g., 9:30 for US stocks or futures).
Use the settings to customize which levels and labels are shown, their appearance, and the target expansion multiples.
When price breaks out above or below the opening range, the script will plot TP1 and TP2 lines at your chosen risk/reward multiples, and label them if desired.
You can use the visual levels for trade entries, profit taking, or alerts.
**What makes it unique and useful:** >
Unlike many basic ORB indicators, this script not only marks the opening range but also tracks breakouts, auto-plots your profit targets based on range expansion, and gives you full control over display (styles, toggles, and label positions).
The TP targets are dynamic and can be set to any multiples, adapting to your risk/reward plan and breakout style.
Everything is customizable for your own session times, instrument, or trading approach.
**Typical uses:**
Intraday traders looking for clear breakout setups around the session open.
Automated R-multiple target planning for both long and short trades.
Visualizing volatility and measuring early price expansion.
AZ Dynamic Trend Indicator with Heikin-Ashi### Dynamic Trend Indicator with Heikin-Ashi (v2.7)
**Effortlessly identify trends and reversals** with this versatile tool combining multi-timeframe analysis, adaptive moving averages, and Heikin-Ashi smoothing. Here's what it offers:
#### 🔍 **Core Features**
1. **Dual Timeframe Analysis**:
- Track trends on higher timeframes (e.g., 1H/D) while viewing signals on your current chart.
- Toggle between **Heikin-Ashi** or standard candles for cleaner trend visualization.
2. **8 Customizable MAs**:
- Choose from **ALMA, HMA, SMA, SWMA, VWMA, WMA, ZLEMA, or EMA** with adjustable periods.
- Unique "Trend Strength" metric: `(MA_Close - MA_Open) / (MA_High - MA_Low)` highlights momentum direction.
3. **Smart Signals**:
- **Entry/Exit**: Triangles mark crossovers between MA Close/Open.
- **Reversal Alerts**: Detects counter-trend moves within a user-defined window (default: 3 bars) after signals.
- Color-coded plots: Bullish (🟢), Bearish (🔴), Reversal Bull (🔵), Reversal Bear (🟠).
#### 🎨 **Visual Customization**
- Toggle **High/Low MA lines**, **Close line**, and **fill colors**.
- Adjust colors for all elements to match your chart theme.
- Hide signals or reversal markers as needed.
#### ⚙️ **Practical Use**
- **Trend Following**: Use the MA Close/Open crossover with trend fill colors to confirm direction.
- **Reversal Trading**: Capitalize on pullbacks with reversal signals (e.g., after a bearish signal, watch for Bull Reversal markers).
- **Multi-Timeframe Confirmation**: Avoid false signals by aligning higher-timeframe trends with your entries.
*Ideal for swing traders and trend riders!*
**Note**: Adjust `MA Period`, `Reversal Window`, and `Trend Timeframe` for your strategy. Disable Heikin-Ashi in choppy markets for faster reactions.
---
*Code v2.7 updates: Optimized reversal logic, added ALMA/ZLEMA support, and enhanced visual controls.*
BTC Correlation CoefficientThe BTCUSDT Correlation Coefficient indicator measures the strength and direction of the relationship between the selected asset (e.g., a stock or altcoin) and the price of BTCUSDT over a chosen time period. It uses a custom correlation function to calculate how closely the asset's price movements align with Bitcoin, returning a value between -1 and +1. A coefficient near +1 indicates strong positive correlation, while values near -1 indicate inverse correlation. This helps traders assess whether the asset tends to follow Bitcoin’s price trends or behave independently, enabling more informed decisions on portfolio diversification and market sentiment alignment.
Simple Market Kill-Zones + Open (UTC)What it does
This Pine v6 indicator highlights the “kill-zones” around the big session opens—Asian (23:00–03:00 UTC), London (07:00–09:00 UTC) and New York (13:30–15:30 UTC)—by reading each bar’s actual UTC timestamp. It also draws dashed vertical lines at exactly 23:00, 07:00 and 13:30 UTC, so you never miss the liquidity ramps. Because it uses raw UTC hours/minutes, it stays accurate even when exchanges pause (e.g. Nano-BTC’s daily halt) or your chart’s display timezone changes.
Key Inputs
Show Asia/London/NY Kill Zone – toggle each shaded band on/off
Zone Colors – pick your own semi-transparent hues
Show Session-Open Lines – enable dashed verticals at the exact open times
Line Colors – customize the line opacity and style
How to use
Apply on your favorite timeframe (15 min–1 h is a sweet spot).
Toggle the zones you care about and pick readable colors.
Use the dashed lines as entry triggers or as visual bookmarks.
In your own Pine strategies, wrap order logic with the zone booleans to only trade when liquidity’s alive.
Trend-Following Colored Bars w/ SignalsTheTechnicalTraders trendfollowing
Easy way to follow the trend.
Price Reaction Analysis by Day of WeekOverview
The "Price Reaction Analysis by Day of Week" indicator is a tool that enables traders to analyze historical price reaction patterns to technical indicator signals on a selected day of the week. It examines price behavior on a chosen candle (from 1 to 30) in the next day or subsequent days after a signal, depending on the timeframe, and provides success rate statistics to support data-driven trading decisions. The indicator is optimized for timeframes up to 1 day (e.g., 1D, 12H, 8H, 6H, 4H, 1H, 15M), as the analysis relies on day-of-week comparisons. Lower timeframes generate more signals due to the higher number of candles per day.
Key Features
1. Flexible Technical Indicator Selection
Users can choose one of four technical indicators: RSI, SMI, MA, or Bollinger Bands. Each indicator has configurable parameters, such as:
RSI length, oversold/overbought levels.
SMI length, %K and %D smoothing, signal levels.
MA length.
Bollinger Bands length and multiplier.
2. Day-of-Week Analysis
The indicator allows users to select a day of the week (Monday, Tuesday, Wednesday, Thursday, Friday) for generating signals. It analyzes price reactions on a selected candle (from 1 to 30) in the next day or subsequent days after the signal. Examples:
On a daily timeframe, a signal on Monday can be analyzed for the first, fourth, or later candle (up to 30) in subsequent days (e.g., Tuesday, Wednesday).
On timeframes lower than 1 day (e.g., 12H, 8H, 6H, 4H, 1H, 15M), the analysis targets the selected candle in the next day or subsequent days. For example, on a 4H timeframe, you can analyze the second Tuesday candle following a Monday signal. The maximum timeframe is 1 day to ensure consistent day-of-week analysis.
3. Visual Signals
Signals for the analysis period are marked with background highlights in real-time when the indicator’s conditions are met. The last highlighted candle of the selected day is always analyzed. Arrows are displayed on the chart at the candle specified by the “Candles to Compare” setting (e.g., the first candle if set to 1):
Green upward triangles (below the candle) for successful buy signals (the closing price of the selected candle is higher than the signal candle’s close).
Red downward triangles (above the candle) for successful sell signals (the closing price of the selected candle is lower than the signal candle’s close).
Gray “x” marks for unsuccessful signals (no price reversal in the expected direction). Arrow positions are intuitive: buy signals below the candle, sell signals above. Highlights and arrows do not require waiting for future signals but are essential for calculating statistics.
Note: The first candle of the next day may appear shifted on the chart due to timezone differences, which can affect the timing of signal appearance.
4. Signal Conditions (Highlights) for Each Indicator
RSI: The oscillator is in oversold (buy) or overbought (sell) zones.
SMI: SMI returns from oversold (buy) or overbought (sell) zones.
MA: Price crosses the MA (upward for buy, downward for sell).
Bollinger Bands: Price returns inside the bands (from below for buy, from above for sell).
5. Success Rate Statistics
A table in the top-right corner of the chart displays:
The number of buy and sell signals for the selected day of the week.
The percentage of cases where the price of the selected candle in the next day or subsequent days reversed as expected (e.g., rising after a buy signal). Statistics are based on comparing the closing price of the signal candle with the closing price of the selected candle (e.g., first, fourth) in the next day or subsequent days.
Important: Statistics do not account for price movements within the candle or after its close. The price on the selected candle (e.g., fourth) may be lower than earlier candles but still higher than the signal candle, counting as a positive buy signal, though it does not guarantee profit.
6. Date Range
Users can specify the analysis date range, enabling strategy testing on historical data from a chosen period. Ensure the start and end dates are set correctly.
Applications
The indicator is designed for traders who want to leverage historical patterns for position planning. Examples:
On a 4-hour timeframe: If a sell signal highlight appears on Monday and statistics show an 80% chance that the fourth Tuesday candle is bearish, traders may consider playing a correction at the open of that candle.
On a daily timeframe: If a highlight indicates market overheating, traders may consider entering a position at the open of the first candle after the signal (e.g., Tuesday), provided statistics suggest an edge. Users can analyze the signal on the first candle and check later candles to validate results, increasing confidence in consistent patterns.
Key Settings
Indicator Type: Choose between RSI, SMI, MA, or Bollinger Bands.
Selected Day: Monday, Tuesday, Wednesday, Thursday, or Friday.
Candles to Compare: The number of the candle in the next day or subsequent days (from 1 to 30).
Indicator Parameters: Lengths, levels (e.g., oversold/overbought for RSI).
Background Colors: Configurable highlights for buy and sell signals.
Notes
Timeframes: The indicator is optimized for timeframes up to 1 day (e.g., 1D, 12H, 8H, 6H, 4H, 1H, 15M), as the analysis relies on day-of-week patterns. Timeframes lower than 1 day generate more signals due to the higher number of candles per day.
Candle Shift: The first candle of the next day may appear shifted on the chart due to timezone differences, affecting the timing of signals across markets or platforms.
Statistical Limitations: Results are based on the closing prices of the selected candle, ignoring fluctuations in earlier candles, within the candle, or subsequent price movements. Traders must assess whether entering at the open or after the close of the selected candle is profitable.
Testing: Effectiveness depends on historical data and parameter settings. Testing different configurations across markets and timeframes is recommended.
Who Is It For?
Swing and position traders who base decisions on technical analysis and historical patterns.
Market analysts seeking patterns in price behavior by day of the week.
TradingView users of all experience levels, thanks to an intuitive interface and flexible settings.
