Inizia

Forecasting

SQV Indicator Bridge# SQV Indicator Bridge - Quick Guide ## What is SQV Indicator Bridge? A simple connector that validates your indicator's signals using SQV Lite before displaying them on the chart. Only high-quality signals pass through. ## How It Works ``` Your Indicator → Generates Signals → SQV Lite → Validates Quality → Bridge → Shows Only Valid Signals ``` ## Quick Setup (3 Steps) ### Step 1: Prepare Your Indicator Add these lines to export your signals: ```pinescript // At the end of your indicator code plot(longCondition ? 1 : 0, "Long Signal", display=display.none) plot(shortCondition ? 1 : 0, "Short Signal", display=display.none) ``` ### Step 2: Add to Chart (in order) 1. Your indicator 2. SQV Lite 3. SQV Indicator Bridge ### Step 3: Connect Sources In Bridge settings: - **Long Signal Source** → Select: YourIndicator: Long Signal - **Short Signal Source** → Select: YourIndicator: Short Signal - **SQV Long Valid** → Select: SQV Lite: SQV Long Valid - **SQV Short Valid** → Select: SQV Lite: SQV Short Valid - **SQV Score** → Select: SQV Lite: SQV Score ## Visual Settings | Setting | Description | Default | |---------|-------------|---------| | Show Labels | Display BUY/SELL labels | On | | Label Offset | Distance from candles (0-5 ATR) | 0 | | Label Size | Tiny, Small, or Normal | Small | | Long Color | Color for buy signals | Green | | Short Color | Color for sell signals | Red | ## What You'll See - **Green "LONG" labels** - When your buy signal passes SQV validation - **Red "SHORT" labels** - When your sell signal passes SQV validation - **No label** - When signal quality is too low ## Common Issues & Solutions ### No labels appearing? 1. Check "Use External Signals" is ON in SQV Lite 2. Verify source connections are correct 3. Lower minimum score in SQV Lite (try 60) 4. Test your indicator separately to ensure it generates signals ### Too many/few signals? - Adjust "Minimum Quality Score" in SQV Lite - Default is 65, lower for more signals, higher for fewer ### Wrong signals showing? - Check Trading Mode in SQV Lite matches your strategy (Long Only/Short Only/Both) ## Example Integration ### Simple MA Cross Indicator ```pinescript //@version=6 indicator("MA Cross with SQV", overlay=true) // Your logic fast = ta.sma(close, 20) slow = ta.sma(close, 50) longSignal = ta.crossover(fast, slow) shortSignal = ta.crossunder(fast, slow) // Plot MAs plot(fast, color=color.blue) plot(slow, color=color.red) // Export for SQV Bridge (REQUIRED!) plot(longSignal ? 1 : 0, "Long Signal", display=display.none) plot(shortSignal ? 1 : 0, "Short Signal", display=display.none) ``` ## Tips ✅ **DO**: - Test in "Autonomous Mode" first (SQV Lite setting) - Use clear signal names in your plots - Keep signals binary (1 or 0) ❌ **DON'T**: - Forget to add `display=display.none` to signal plots - Use values other than 0 and 1 for signals - Leave "Use External Signals" OFF in SQV Lite ## Alert Setup 1. Enable "Enable Alerts" in Bridge settings 2. Create alert on Bridge (not your indicator) 3. Alert message includes SQV score Example alert: `"Long Signal Validated | Score: 85"` ## Complete Bridge Code ```pinescript //@version=6 indicator("SQV Indicator Bridge", overlay=true) // From your indicator longSignal = input.source(close, "Long Signal Source", group="Signal Sources") shortSignal = input.source(close, "Short Signal Source", group="Signal Sources") // From SQV Lite sqvLongValid = input.source(close, "SQV Long Valid", group="SQV Sources") sqvShortValid = input.source(close, "SQV Short Valid", group="SQV Sources") sqvScore = input.source(close, "SQV Score", group="SQV Sources") // Settings showLabels = input.bool(true, "Show Labels", group="Visual") labelOffset = input.float(0.0, "Label Offset (ATR)", minval=0.0, maxval=5.0, step=0.5, group="Visual") labelSize = input.string("small", "Label Size", options= , group="Visual") longColor = input.color(color.green, "Long Color", group="Visual") shortColor = input.color(color.red, "Short Color", group="Visual") enableAlerts = input.bool(false, "Enable Alerts", group="Alerts") // Logic atr = ta.atr(14) offset = labelOffset > 0 ? atr * labelOffset : 0 hasValidLong = longSignal > 0 and sqvLongValid > 0 and barstate.isconfirmed hasValidShort = shortSignal > 0 and sqvShortValid > 0 and barstate.isconfirmed // Show labels if showLabels if hasValidLong label.new(bar_index, low - offset, "LONG", style=label.style_label_up, color=longColor, textcolor=color.white, size=labelSize == "tiny" ? size.tiny : labelSize == "small" ? size.small : size.normal) if hasValidShort label.new(bar_index, high + offset, "SHORT", style=label.style_label_down, color=shortColor, textcolor=color.white, size=labelSize == "tiny" ? size.tiny : labelSize == "small" ? size.small : size.normal) // Alerts if enableAlerts if hasValidLong alert("Long Signal Validated | Score: " + str.tostring(sqvScore, "#"), alert.freq_once_per_bar_close) if hasValidShort alert("Short Signal Validated | Score: " + str.tostring(sqvScore, "#"), alert.freq_once_per_bar_close) ``` --- **Need help?** Check the full SQV documentation or contact through TradingView messages.
Indicatore Pine Script®
di silvermpx
2
No Supply No Demand (NSND) – Volume Spread Analysis ToolThis indicator is designed for traders utilizing Volume Spread Analysis (VSA) techniques. It automatically detects potential No Demand (ND) and No Supply (NS) candles based on volume and price behavior, and confirms them using future price action within a user-defined number of lookahead bars. Confirmed No Demand (ND): Detected when a bullish candle has volume lower than the previous two bars and is followed by weakness (next highs swept, close below). Confirmed No Supply (NS): Detected when a bearish candle has volume lower than the previous two bars and is followed by strength (next lows swept, close above). Adjustable lookahead bars parameter to control the confirmation window. This tool helps identify potential distribution (ND) and accumulation (NS) areas, providing early signs of market turning points based on professional volume logic. The dot appears next to ND or NS.
Indicatore Pine Script®
di MALIK897
Monday High/Low + Background + Labels📌 1. Индикатор: Weekend High/Low + Background + Labels 🇷🇺 Русский Индикатор определяет максимум и минимум за выходные (суббота 00:00 – воскресенье 23:59) и отображает их: – Красными пунктирными линиями – Подписями "Weekend High" (зелёная метка) и "Weekend Low" (красная метка) – Заливкой зоны между High и Low Исторические уровни сохраняются и отображаются на графике при прокрутке назад. Работает на любых таймфреймах от 5m до 1D. 🇬🇧 English This indicator detects the High and Low of the weekend period (Saturday 00:00 to Sunday 23:59) and displays them as: – Red dashed lines – Labels: "Weekend High" (green) and "Weekend Low" (red) – Background shading between the high and low zone Historical levels are retained and visible when scrolling back. Compatible with all timeframes from 5m to 1D. 🇨🇳 中文 该指标识别周末期间（星期六00:00至星期日23:59）的最高价和最低价，并显示如下： – 红色虚线 – 标签："Weekend High"（绿色）和 "Weekend Low"（红色） – 在最高价和最低价之间绘制背景色块 支持回看历史周末数据，适用于5分钟至1天的所有时间周期。 📌 2. Индикатор: Monday High/Low + Background + Labels 🇷🇺 Русский Индикатор отображает максимум и минимум понедельника (00:00 – 23:59) на графике: – Красные пунктирные линии, ограниченные только зонами понедельника – Подписи "Monday High" (зелёная метка) и "Monday Low" (красная метка) – Заливка между high и low Отлично подходит для отслеживания начала торговой недели. Работает на любом таймфрейме. 🇬🇧 English This indicator marks the High and Low of Monday (00:00 to 23:59) using: – Red dashed lines shown only on Monday bars – Labels: "Monday High" (green) and "Monday Low" (red) – Background shading between high and low Ideal for tracking the opening range of the trading week. Works across all timeframes. 🇨🇳 中文 该指标标记周一（00:00至23:59）的最高价和最低价： – 仅在周一显示的红色虚线 – 标签："Monday High"（绿色）和 "Monday Low"（红色） – 在高点和低点之间绘制背景色块 适用于监测一周交易的起始波动范围，兼容所有时间周期。
Indicatore Pine Script®
di Merkulov-Aleksey
MTF Trend Heatmap (EMA + MACD) by PierreKMTF Trend Heatmap (EMA + MACD) by PierreK This indicator offers a compact and clear heatmap that visualizes the current trend status of an instrument across multiple key timeframes. Based on the combination of the EMA 50 and EMA 200, as well as the MACD indicator, the heatmap shows whether the trend is bullish (green dot) or bearish (red dot) on the 1-minute, 5-minute, 15-minute, 1-hour, 4-hour, and 1-day timeframes. Highlights: • Multi-timeframe analysis at a glance - perfect for traders who want to keep an eye on multiple timeframes. • Clearly defined trend logic: EMA 50 > EMA 200 and MACD above signal and zero line. ‣ Simple color scheme for quick trend decisions. Optimized for all markets and assets (forex, stocks, cryptocurrencies, etc.). • Chart overload - heatmap as a separate, clearly positioned table. Ideal for day traders, swing traders, and anyone who needs quick trend overviews for their trading. FAQ Q. Which markets is the indicator suitable for? A: The indicator works universally on forex, stocks, cryptocurrencies, and other TradingView symbols. Q: Can I add additional timeframes? A: Currently, 1m, 5m, 15m, 1h, 4h, and 1d are preset. Adjustments are possible in the code if you are familiar with Pine Script. Q: How accurate is the trend determination? A: The trend is determined very reliably using the combination of the EMA 50/200 and MACD (via the signal line and the zero line). Q: Can I use alerts with this indicator? A: Alerts are not included in the standard script, but can be added individually.
Indicatore Pine Script®
di pierrekahr22
Sweep & Reclaim Indicator with Time, EMA & ATR FilterCandlestick structure scalping With this model, you are looking for a sweep of a bearish candle, then that bullish candle closes back inside the range of the bearish candle and you buystop the reclaimed candles high. Vice versa for bearish. I like to use the candle low as stop targeting 1R or higher. You also only want to take trades between 9:30-11:30AM EST, you want an ATR above 10, and a LTF EMA, I like the 10. Those are all attached as filters with this indicator.
Indicatore Pine Script®
di Leppyrd
London Breakout PRO – By Maa Sharda Trading📈 London Breakout PRO (MAA SHARDA TRADING) – Indicator Description for TradingView Introducing: London Breakout PRO – The Advanced Breakout Tool for Gold & Forex! Unlock the real power of London session trading with this next-generation indicator. Specially designed for serious traders, this tool combines classic London Breakout logic with EMA Trend Confirmation and an optional Volume Filter to eliminate fake breakouts and boost your accuracy. How It Works: Session Box: Automatically marks the first session candle (default: 1H for London Open). Breakout Signal: Gives only one clean BUY/SELL signal each day – only when the candle breaks out above/below the session box. Trend Filter: Signals fire only when price is above (BUY) or below (SELL) the EMA 20, ensuring you always trade with the trend. Volume Confirmation: (Optional) Signals only if breakout happens with volume higher than the last 10 candles’ average, so you avoid low-liquidity fakeouts. Ultra-Clean Chart: No repainting, no clutter, just pure breakout action. Key Features: ✅ Works on any timeframe (M15, M30, H1 best for Gold/XAUUSD & FX) ✅ Fully customizable session start time and box duration ✅ One breakout signal per day – no overtrading, no noise ✅ Trend & volume filters for high-probability setups ✅ Easy visual backtesting – perfect for serious traders and strategy builders Recommended Settings for GOLD (XAUUSD): Timeframe: 1 Hour (H1) – best accuracy & lowest noise Session Start (IST): 11:30 AM (London Open) Box Length: 1 Candle (1 Hour) EMA Length: 20 Volume Filter: On (for strong confirmations) How To Use: Wait for London session box to form at your set time. Trade only when price closes above (BUY) or below (SELL) the box and EMA 20 & volume filters are satisfied. Place SL at the opposite side of the box. Target 1:1 or let profits run with trailing stop. Avoid trading during high-impact news events for even better results. Pro Tip: Backtest on H1 and combine with major support/resistance for the highest win-rate. Use with proper risk management for best results! Disclaimer: Trading involves risk. This indicator is for educational purposes only. Test thoroughly before live trading. #LondonBreakout #XAUUSD #BreakoutStrategy #EMAConfirmation #VolumeFilter #TradingView #ForexIndicator #IntradayTrading
Indicatore Pine Script®
di MaaShardaTrading
PnL_EMA_TRACK12_PRO_3.3_full_adjusted# Multi-Ticker Support Manage up to 12 tickers simultaneously. - For each symbol, input share quantities, entry prices, and two optional additional entry points (E2, E3) with their own shares and offset percentages. - Dynamic handling of inputs using arrays for easier maintenance and scalability. # Average Cost and PnL Calculation - Computes weighted average entry costs across all position parts (E1 and optionally E2 and E3). - Calculates real-time Profit & Loss (PnL) both in USD and percentage relative to the current price. - Color-coded values: green for profit, red for loss — for quick visual feedback. # Moving Averages as Benchmarks - Uses daily EMAs (10, 21, 65) and 15-minute SMA 200 as reference levels. - Calculates percentage deviations of these moving averages from the average entry price. - Calculates dollar differences based on the total shares held. # Chart Visualization - Draws a dashed yellow line for the average cost of each position. - Optionally draws two additional lines and labels for E2 (blue) and E3 (purple) if activated. - Lines extend to the right to emphasize current relevance. - Labels can be positioned left or right, with customizable horizontal offset. # Interactive Table in Chart - Positions the info table in any chosen corner or center of the chart (top/right/left/middle, etc.). - Displays symbol, PnL (dollar and percentage), and deviations to key EMAs and SMA. - Colors PnL values according to profit or loss for instant clarity. # User-Friendly Settings - Flexible font size options for both the table and labels. - Customizable colors for positive and negative values (default green/red). - Choice of label position and X-axis offset to fit your chart style.
Indicatore Pine Script®
di RhyTar
PCR tableOverview This indicator displays a multi-period table of forward-looking price projections. It combines normalized directional momentum (Positive Change Ratio, PCR) with volatility (ATR) and presents a forecast for upcoming time intervals, adjusted for your local UTC offset. Concepts & Calculations Positive Change Ratio (PCR): ((total positive change)/(total change)-0.5)*2, producing a value between –100 and +100. Synthetic ATR: Calculates average true range over the same lookbacks to capture volatility. PCR × ATR: Forms a volatility-weighted directional forecast, indicating expected move magnitude. Future Price Projection: Adds PCR × ATR value to current close to estimate future price at each lookahead interval. Table Layout There are 12 forecast horizons—1× to 12× the chart timeframe (e.g., minutes, hours, days). Each row displays: 1. Future Time: Timestamp of each projection (adjustable via UTC offset) 2. PCR: Directional bias per period (–1 to +1) 3. PCR × ATR: E xpected move magnitude 4. Future Price: Close + (PCR × ATR) High and low PCR×ATR rows are highlighted green for minimum value in the price forecast (buy signal) or red for maximum value in the price forecast (sell signal). How to Use 1. Set UTC offset to your time zone for accurate future timestamps. 2. View PCR to assess bullish (positive) or bearish (negative) momentum. 3. Use PCR × ATR to estimate move strength and direction. 4. Reference Future Price for potential levels over upcoming intervals, and for buy and sell signals. Limitations & Disclaimers * This model uses linear extrapolation based on recent price behavior. It does not guarantee future prices. * It uses only current bar data and no lookahead logic—compliant with Pine Script rules. * Designed for analytical insight, not as an automated signal or trade executor. * Best used on standard bar/candle charts (avoid non-standard types like Heikin‑Ashi or Renko).
Indicatore Pine Script®
di Tradenometry
1
Session HL + Candles + AMD (Nephew_Sam_)Session HL + Candles + AMD (Nephew_Sam_) This indicator marks out intraday sessions summarized into single candles, with an additional option to mark out the HL of each session. Perfect for understanding AMD within a glance (accumulation-manipulation-distribution) Features: Session High/Low lines with customizable colors and labels Optional session candles displayed on the right side of the chart Timezone support for global traders Customizable bull/bear candle colors Works on timeframes up to 1 hour Perfect for: Identifying session liquidity levels Tracking session ranges and breakouts Multi-timeframe session analysis ICT methodology traders Settings: Choose your timezone for accurate session detection Toggle session candles and HL lines independently Customize colors, line styles, and labels Set maximum timeframe (up to 1 hour)
Indicatore Pine Script®
di nephew_sam_
3
AI Breakout Bands (Zeiierman)█ Overview AI Breakout Bands (Zeiierman) is an adaptive trend and breakout detection system that combines Kalman filtering with advanced K-Nearest Neighbor (KNN) smoothing. The result is a smart, self-adjusting band structure that adapts to dynamic market behavior, identifying breakout conditions with precision and visual clarity. At its core, this indicator estimates price behavior using a two-dimensional Kalman filter (position + velocity), then enhances the smoothing process with a nonlinear, similarity-based KNN filter. This unique blend enables it to handle noisy markets and directional shifts with both speed and stability — providing breakout traders and trend followers a reliable framework to act on. Whether you're identifying volatility expansions, capturing trend continuations, or spotting early breakout conditions, AI Breakout Bands gives you a mathematically grounded, visually adaptive roadmap of real-time market structure. █ How It Works ⚪ Kalman Filter Engine The Kalman filter models price movement as a state system with two components: Position (price) Velocity (trend direction) It recursively updates predictions using real-time price as a noisy observation, balancing responsiveness with smoothness. Process Noise (Position) controls sensitivity to sudden moves. Process Noise (Velocity) controls smoothing of directional flow. Measurement Noise (R) defines how much the filter "trusts" live price data. This component alone creates a responsive yet stable estimate of the market’s center of gravity. ⚪ Advanced K-Neighbor Smoothing After the Kalman estimate is computed, the script applies a custom K-Nearest Neighbor (KNN) smoother. Rather than averaging raw values, this method: Finds K most similar past Kalman values Weighs them by similarity (inverse of absolute distance) Produces a smoother that emphasizes structural similarity This nonlinear approach gives the indicator an AI feature — reacting fast when needed, yet staying calm in consolidation. █ How to Use ⚪ Trend Recognition The line color shifts dynamically based on slope direction and breakout confirmation. Bullish conditions: price above the mid band with positive slope Bearish conditions: price below the mid band with negative slope ⚪ Breakout Signals Price breaking above or below the bands may signal momentum acceleration. Combine with your own volume or momentum confirmation for stronger entries. Bands adapt to market noise, helping filter out low-quality whipsaws. █ Settings Process Noise (Position): Controls Kalman filter’s sensitivity to price changes. Process Noise (Velocity): Controls smoothing of directional component. Measurement Noise (R): Defines how much trust is placed in price data. K-Neighbor Length: Number of historical Kalman values considered for smoothing. Slope Calculation Window: Number of bars used to compute trend slope of the smoothed Kalman. Band Lookback (MAE): Rolling period for average absolute error. Band Multiplier: Multiplies MAE to determine band width. ----------------- Disclaimer The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Indicatore Pine Script®
di Zeiierman
7
SMCX Morning Signal (v6) - Previous Day Confirmed (non-repaint)Paints (no repaint) either a buy or not buy signal for every day based on 3 conditions that pretty accurately predict a green candle day, and it's been tested accurate on just about anything. The 3 conditions are price above 4 hour vwap, price above 8 hour vwap, and 4 hour rvol > 1. We can change the title but I labeled it SMCX morning signal because I was originally trying to shark big moves for SMCX, but then when I got the indicator to work, I saw how rare a green signal was, which I suppose it should be, I needed to backtest it across a wide range of stocks and ETFs. The results were incredible (have stats in a spreadsheet that ranks which leveraged ETFs I should check a signal for by day of the week). Would be great to have this officially published. We could call it VWAP and RVOL market structure confirmation signal.
Indicatore Pine Script®
di jimwolsten40
1
Auto-Calculated Pivot Line/Zone (Based on Time Range)Automatically Calculated Pivot Line/Zone Harness the power of precision with this Custom Time Range Average Line indicator—designed to pinpoint key equilibrium and pivot levels within consolidation zones after a breakout. Select any start and end time to capture the critical price action shaping the market structure between swings, and calculate the true average price using your choice of open, close, high, low, or midpoint. Once the defined period concludes, the indicator freezes the average and extends it forward as a clear horizontal ray, acting as a powerful reference for fair value and market balance. This dynamic line shines brightest within consolidation phases, helping traders identify pivot points and equilibrium zones that often serve as magnets for price after a breakout. Customize the line width to suit your style—use a thinner line width input for a precise single average line, or increase the width to visually represent a broader range or zone. Fully adjustable line color and thickness options ensure this tool integrates seamlessly into any chart setup. Elevate your trading edge by visualizing the hidden balance points between market swings—turning consolidation chaos into clear, strategic opportunities!
Indicatore Pine Script®
di The_Forex_Steward
Nasdaq Market Direction ProbabilitiesA table in the bottom-left corner showing bullish, bearish, and neutral probabilities for Nasdaq market direction, calculated from weighted indicators (moving averages, RSI, volume trend, futures change, and sentiment). A label on the chart with a recommendation ("Long", "Short", or "Monitor") based on the highest probability. A histogram of the bullish probability in a separate pane. The probabilities update on each confirmed bar, using the chart’s timeframe (ideally 60 minutes).
Indicatore Pine Script®
di EvilR8
USDT + USDC DominanceUSDT and USDC Dominance: This refers to the combined market capitalization of Tether (USDT) and USD Coin (USDC) as a percentage of the total cryptocurrency market capitalization. It measures the proportion of the crypto market held by these stablecoins, which are pegged to the US dollar. High dominance indicates a "risk-off" sentiment, where investors hold stablecoins for safety during market uncertainty. A drop in dominance suggests capital is flowing into riskier assets like altcoins, often signaling a bullish market or the start of an "alt season."
Indicatore Pine Script®
di cariste
Checklist Dashboard Table# Checklist Dashboard Table – ICT/SMC Trading Helper Overview The “Checklist Dashboard Table” is a TradingView indicator designed to help traders structure, organize, and validate their market analyses following the ICT/SMC (Inner Circle Trader / Smart Money Concepts) methodology. It provides a visual and interactive checklist directly on your chart, ensuring you never miss a crucial step in your decision-making process. Key Features - Visual Checklist : All your trading criteria are displayed as color-coded checkboxes (green for validated, red for not validated), making your analysis process both clear and efficient. - Clear Separation Between Analysis and Confirmations : - Analysis : Reminders for your routine, such as timeframe selection (M3 to H4), trend analysis via RSI, and identification of key zones (Midnight Open, SSL/BSL, Asian High/Low). - Confirmations : Six customizable criteria to check off as you validate your setup (clear trend, OB + FVG, OTE zone, Premium/Discount, R/R > 1:2, CBDR/Midnight). - Personal Notes Section : Keep your trade entries, observations, or comments in a dedicated field in the indicator’s settings. Your notes are displayed right in the checklist for quick reference and journaling. - Elegant and Compact Display : The table is styled for readability and can be positioned anywhere on your chart. - Quick Customization : Instantly update any criterion or your personal notes via the script settings. How to Use 1. Add the indicator to your chart. 2. Review the “Analysis” section as your pre-trade routine reminder. 3. Check off the “Confirmations” criteria as you validate your entry strategy. 4. Write your trade notes or comments in the provided notes section. 5. Use the checklist to reinforce discipline and repeatability in your trading. Why Use This Checklist? - Prevents you from skipping important steps in your analysis. - Reinforces trading discipline and consistency. - Allows you to document and review your trade decisions for ongoing improvement. Who Is It For? Perfect for ICT/SMC traders, but also valuable for anyone looking to organize and systematize their trading process. Happy trading!
Indicatore Pine Script®
di Eamda
Monthly Seasonality Trend [DunesIsland]The Monthly Seasonality Trend is a indicator designed to analyze and visualize historical monthly seasonality patterns in financial markets. By calculating the average monthly return over a user-configurable lookback period (1 to 10 years), this indicator provides traders and investors with a clear projection of potential price movements for the current month, enabling data-driven decision-making. How It Works The indicator operates by retrieving monthly open and close prices for the specified lookback period (up to 10 years) and computing the average percentage return for the current month based on historical data. Key functionalities include: Dynamic Trend Line: On the first trading day of each month, the indicator plots a line projecting the expected price trajectory, starting from the current close price and extending to the estimated end-of-month price based on the average historical return. The line is colored green for anticipated price increases or red for expected declines, offering an intuitive visual cue. Average Return Label: A label is displayed at the start of each month, detailing the calculated average historical return for that month, expressed as a percentage, to provide context for the projected trend. First Trading Day Marker: A small circle is plotted below the bar on the first trading day of each month, clearly marking the start of the projection period. Adaptive Bar Counting: The indicator dynamically adjusts the length of the trend line based on the actual number of trading days in the previous month, ensuring accurate projections. How to Interpret Bullish Projection (Green Line): Indicates that historical data suggests an average price increase for the current month, potentially signaling buying opportunities. Bearish Projection (Red Line): Suggests an average price decline based on historical trends, which may prompt caution or short-selling strategies. Historical Context: The average return label provides a quantitative measure of past performance, helping traders assess the reliability of the projected trend.
Indicatore Pine Script®
di dunesisland
Trend+Volume Divergence + Order Block Detector The best in TF 5M The script combines an order block detector (inspired by LuxAlgo) with a trend and volume divergence entry system. The first part identifies both bullish and bearish order blocks based on volume pivots. These are typically zones where price has shown a high probability of reversal or strong reaction. The order block algorithm uses recent volume pivots to detect likely institutional trading zones, marking them with colored boxes (green for bullish, red for bearish). Bullish order blocks form when the price shows a volume-based pivot to the downside, suggesting possible accumulation at support. Bearish order blocks appear at volume pivots to the upside, indicating likely distribution or resistance. The script removes (“mitigates”) these order blocks when price action confirms that the zone is no longer respected. Average (midpoint) order block levels are drawn as dashed or dotted lines based on your settings for visualization. Whenever a new order block forms or is mitigated, alert conditions can be triggered. The trend entry system computes and plots an Exponential Moving Average (EMA, default length 21) on the chart for basic trend detection. A trend shift is detected when price crosses the EMA (from below is bullish, from above is bearish). Additional confirmation for trade entries is provided by simple volume divergence logic: Bullish if price is down but current volume exceeds prior volume. Bearish if price is up but current volume is lower than the previous bar. Large BUY (aqua up-triangle) and SELL (fuchsia down-triangle) arrows mark optimal entry points where both trend change and volume divergence are detected together. Smaller triangles (‘Buy?’ or ‘Sell?’) are plotted where only a trend crossover is detected without supporting volume divergence. The background color of the chart changes according to trend direction: green when price is above the EMA, red when below. All major signals (order blocks and entry conditions) can generate alerts for automated or manual trade notifications. The script is fully configurable via input parameters for block length, visualization style, EMA length, and mitigation settings. The logic is suitable for scalping and short-term trading, especially on assets like gold (XAUUSD), but can be applied to any instrument or timeframe. The script relies solely on built-in Pine functions and does not require external libraries or premium data. The marked order blocks visually help traders identify zones with high probability of rejection or breakout. By combining institutional-level order flows (via order block logic) with individual supply-demand signals (trend and volume divergence), the script aims to give robust entry ideas with clear visual cues on the chart.
Indicatore Pine Script®
di GoldSmartTrader
4