Forex Fire Sling Shot with Trade ManagementForex Fire Sling Shot Indicator with Trade Management
Description
The Forex Fire Sling Shot Indicator is a comprehensive trading system designed specifically for forex markets. It combines trend analysis, momentum confirmation, and advanced trade management features to help traders identify high-probability trading opportunities.
This indicator provides clear entry signals based on multiple EMA crossovers with MACD confirmation, while incorporating professional trade management tools including automatic stop loss calculation, take profit targets, and breakeven management.
Key Features
Triple EMA Trend Analysis: Uses 15, 50, and 200 EMAs to identify trend direction and entry points
MACD Confirmation: Optional MACD filter for enhanced signal reliability
Premium Signals: Strict entry criteria combining EMA crossover with MACD crossover
Automatic Trade Management: Calculates entry, stop loss, and take profit levels
Breakeven Management: Automatically adjusts stop loss to breakeven at predetermined profit levels
Visual Trade Setup: Displays trade management levels with clear labels
Status Dashboard: Real-time display of current market conditions
Alert System: Built-in alerts for premium trading signals
How to Use
Setup
Add the indicator to any forex chart (recommended timeframes: 1H, 4H, Daily)
Ensure your chart is clean without overlapping indicators
Configure input parameters according to your trading style
Signal Identification
Premium Buy Signal (Diamond Below Bar)
15 EMA crosses above 50 EMA
Price is above 200 EMA (bullish trend)
MACD line crosses above signal line
Green diamond appears below candle
Premium Sell Signal (Diamond Above Bar)
15 EMA crosses below 50 EMA
Price is below 200 EMA (bearish trend)
MACD line crosses below signal line
Fuchsia diamond appears above candle
Trade Execution
When a premium signal appears:
Entry:
Buy: Place order above the signal candle's high
Sell: Place order below the signal candle's low
Stop Loss:
Buy: Lowest low of the past 5 candles (adjustable)
Sell: Highest high of the past 5 candles (adjustable)
Take Profit:
Automatically calculated based on your Risk-Reward ratio (default 1:1.5)
Breakeven Management:
Stop loss moves to breakeven when trade reaches 50% of target (adjustable)
Input Parameters
EMA Settings
Short EMA Period (default: 15)
Long EMA Period (default: 50)
Trend EMA Period (default: 200)
MACD Settings
MACD Fast Length (default: 12)
MACD Slow Length (default: 26)
MACD Signal Length (default: 9)
Require MACD Confirmation (default: true)
Trade Management
Risk-Reward Ratio (default: 1.5)
Stop Loss Lookback Candles (default: 5)
Move SL to Breakeven at % of TP (default: 0.5)
Show Trade Management Labels (default: true)
Alert Settings
Enable Premium Signal Alerts (default: true)
Status Dashboard
The top-right dashboard displays:
MACD Signal status (Bullish/Bearish/Cross)
Overall Trend direction
Current Signal status
Trade Setup details (if active)
Risk-Reward information
Breakeven status
Visual Elements
Green Line: 15 EMA (Fast)
Red Line: 50 EMA (Medium)
Black Line: 200 EMA (Trend)
Yellow Lines: Entry levels
Red Lines: Stop loss levels
Green Lines: Take profit levels
Blue Lines: Breakeven levels
Purple Lines: Breakeven trigger levels
Trading Tips
Only trade premium signals in the direction of the trend (above/below 200 EMA)
Wait for candle close before entering trades
Use higher timeframes for better signal reliability (4H, Daily)
Consider market sessions and major news events
Always use proper position sizing based on your account risk
Risk Disclaimer
This indicator is for educational and informational purposes only. Trading forex involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. Always conduct your own analysis and risk management.
Updates and Support
The indicator includes built-in alerts for premium signals. To set up alerts:
Right-click on the chart
Select "Add Alert"
Choose "Forex Fire Sling Shot with Trade Management"
Select either "Premium Fire Sling Shot Buy" or "Premium Fire Bear Sling Sell"
For questions or support, please use the comments section below the indicator.
Convergenza/Divergenza di medie mobili (MACD)
Triple Zero Lag MACD📊 Triple Zero Lag MACD Indicator
This advanced indicator plots three customizable Zero Lag MACDs on a single panel, offering enhanced precision and responsiveness compared to traditional MACDs. Each MACD uses Zero Lag EMAs to reduce signal lag, improving the timeliness of trend and momentum detection.
🔍 Key Features:
Three Independent Zero Lag MACDs on one axis.
Customizable Fast EMA, Slow EMA, and Signal Line periods for each MACD.
Clear color-coded histograms for bullish and bearish momentum shifts.
Custom line and histogram colors for each MACD set.
Central zero line for easy interpretation of trend direction.
📈 Use Cases:
Detect momentum shifts faster with Zero Lag smoothing.
Compare short-, medium-, and long-term momentum in one view.
Ideal for advanced traders who want multi-layer confirmation in trend trading, scalping, or swing setups.
Liquid Pulse Liquid Pulse by Dskyz (DAFE) Trading Systems
Liquid Pulse is a trading algo built by Dskyz (DAFE) Trading Systems for futures markets like NQ1!, designed to snag high-probability trades with tight risk control. it fuses a confluence system—VWAP, MACD, ADX, volume, and liquidity sweeps—with a trade scoring setup, daily limits, and VIX pauses to dodge wild volatility. visuals include simple signals, VWAP bands, and a dashboard with stats.
Core Components for Liquid Pulse
Volume Sensitivity (volumeSensitivity) controls how much volume spikes matter for entries. options: 'Low', 'Medium', 'High' default: 'High' (catches small spikes, good for active markets) tweak it: 'Low' for calm markets, 'High' for chaos.
MACD Speed (macdSpeed) sets the MACD’s pace for momentum. options: 'Fast', 'Medium', 'Slow' default: 'Medium' (solid balance) tweak it: 'Fast' for scalping, 'Slow' for swings.
Daily Trade Limit (dailyTradeLimit) caps trades per day to keep risk in check. range: 1 to 30 default: 20 tweak it: 5-10 for safety, 20-30 for action.
Number of Contracts (numContracts) sets position size. range: 1 to 20 default: 4 tweak it: up for big accounts, down for small.
VIX Pause Level (vixPauseLevel) stops trading if VIX gets too hot. range: 10 to 80 default: 39.0 tweak it: 30 to avoid volatility, 50 to ride it.
Min Confluence Conditions (minConditions) sets how many signals must align. range: 1 to 5 default: 2 tweak it: 3-4 for strict, 1-2 for more trades.
Min Trade Score (Longs/Shorts) (minTradeScoreLongs/minTradeScoreShorts) filters trade quality. longs range: 0 to 100 default: 73 shorts range: 0 to 100 default: 75 tweak it: 80-90 for quality, 60-70 for volume.
Liquidity Sweep Strength (sweepStrength) gauges breakouts. range: 0.1 to 1.0 default: 0.5 tweak it: 0.7-1.0 for strong moves, 0.3-0.5 for small.
ADX Trend Threshold (adxTrendThreshold) confirms trends. range: 10 to 100 default: 41 tweak it: 40-50 for trends, 30-35 for weak ones.
ADX Chop Threshold (adxChopThreshold) avoids chop. range: 5 to 50 default: 20 tweak it: 15-20 to dodge chop, 25-30 to loosen.
VWAP Timeframe (vwapTimeframe) sets VWAP period. options: '15', '30', '60', '240', 'D' default: '60' (1-hour) tweak it: 60 for day, 240 for swing, D for long.
Take Profit Ticks (Longs/Shorts) (takeProfitTicksLongs/takeProfitTicksShorts) sets profit targets. longs range: 5 to 100 default: 25.0 shorts range: 5 to 100 default: 20.0 tweak it: 30-50 for trends, 10-20 for chop.
Max Profit Ticks (maxProfitTicks) caps max gain. range: 10 to 200 default: 60.0 tweak it: 80-100 for big moves, 40-60 for tight.
Min Profit Ticks to Trail (minProfitTicksTrail) triggers trailing. range: 1 to 50 default: 7.0 tweak it: 10-15 for big gains, 5-7 for quick locks.
Trailing Stop Ticks (trailTicks) sets trail distance. range: 1 to 50 default: 5.0 tweak it: 8-10 for room, 3-5 for fast locks.
Trailing Offset Ticks (trailOffsetTicks) sets trail offset. range: 1 to 20 default: 2.0 tweak it: 1-2 for tight, 5-10 for loose.
ATR Period (atrPeriod) measures volatility. range: 5 to 50 default: 9 tweak it: 14-20 for smooth, 5-9 for reactive.
Hardcoded Settings volLookback: 30 ('Low'), 20 ('Medium'), 11 ('High') volThreshold: 1.5 ('Low'), 1.8 ('Medium'), 2 ('High') swingLen: 5
Execution Logic Overview trades trigger when confluence conditions align, entering long or short with set position sizes. exits use dynamic take-profits, trailing stops after a profit threshold, hard stops via ATR, and a time stop after 100 bars.
Features Multi-Signal Confluence: needs VWAP, MACD, volume, sweeps, and ADX to line up.
Risk Control: ATR-based stops (capped 15 ticks), take-profits (scaled by volatility), and trails.
Market Filters: VIX pause, ADX trend/chop checks, volatility gates. Dashboard: shows scores, VIX, ADX, P/L, win %, streak.
Visuals Simple signals (green up triangles for longs, red down for shorts) and VWAP bands with glow. info table (bottom right) with MACD momentum. dashboard (top right) with stats.
Chart and Backtest:
NQ1! futures, 5-minute chart. works best in trending, volatile conditions. tweak inputs for other markets—test thoroughly.
Backtesting: NQ1! Frame: Jan 19, 2025, 09:00 — May 02, 2025, 16:00 Slippage: 3 Commission: $4.60
Fee Typical Range (per side, per contract)
CME Exchange $1.14 – $1.20
Clearing $0.10 – $0.30
NFA Regulatory $0.02
Firm/Broker Commis. $0.25 – $0.80 (retail prop)
TOTAL $1.60 – $2.30 per side
Round Turn: (enter+exit) = $3.20 – $4.60 per contract
Disclaimer this is for education only. past results don’t predict future wins. trading’s risky—only use money you can lose. backtest and validate before going live. (expect moderators to nitpick some random chart symbol rule—i’ll fix and repost if they pull it.)
About the Author Dskyz (DAFE) Trading Systems crafts killer trading algos. Liquid Pulse is pure research and grit, built for smart, bold trading. Use it with discipline. Use it with clarity. Trade smarter. I’ll keep dropping badass strategies ‘til i build a brand or someone signs me up.
2025 Created by Dskyz, powered by DAFE Trading Systems. Trade smart, trade bold.
MACD-V with Volatility Normalisation [DCD]MACD-V with Volatility Normalisation
This indicator is a modified version of the traditional MACD, designed to account for market volatility by normalizing the MACD line using the Average True Range (ATR). It provides a more adaptive approach to identifying momentum shifts and potential trend reversals. This indicator was developed by Alex Spiroglou in this paper:
Spiroglou, Alex, MACD-V: Volatility Normalised Momentum (May 3, 2022).
Features:
Volatility Normalization: The MACD line is adjusted using ATR to standardize its values across different market conditions.
Customizable Parameters: Users can adjust the MACD fast length, slow length, signal line smoothing, and ATR length to suit their trading style.
Histogram Visualization: The histogram highlights the difference between the MACD and signal lines, with customizable colors for positive and negative momentum.
Crossover Signals: Green and red dots indicate bullish and bearish crossovers between the MACD and signal lines.
Background Highlighting: The chart background changes to green when the MACD is above 0 and red when it is below 0, providing a clear visual cue for bullish and bearish conditions.
Horizontal Levels: Dotted horizontal lines are plotted at key levels for better visualization of MACD values.
How to Use:
Look for crossovers between the MACD and signal lines to identify potential buy or sell signals.
Use the histogram to gauge the strength of momentum.
Pay attention to the background color for quick identification of bullish (green) or bearish (red) conditions.
This indicator is ideal for traders who want a more dynamic MACD that adapts to market volatility. Customize the settings to align with your trading strategy and timeframe.
TUE ADX/MACD Confluence Strategy V1.0📈 TUE ADX/MACD Confluence Strategy with SL/TP & PineConnector Integration
This strategy is designed to capture trend-following entries using the ADX (Average Directional Index) and MACD (Moving Average Convergence Divergence) indicators, enhanced with built-in Stop Loss (SL) and Take Profit (TP) management. It is fully compatible with PineConnector, allowing for real-time trade automation on supported brokers via MT4/MT5.
🔍 Core Logic:
Entry Signals:
Long Entry: When +DI > -DI, MACD Line > Signal Line, and ADX confirms a strong trend.
Short Entry: When -DI > +DI, MACD Line < Signal Line, and ADX confirms a strong trend.
Risk Management:
Configurable Stop Loss and Take Profit percentages.
Exits are triggered when either SL or TP is hit.
Projections:
Visual SL/TP projection lines for each position.
Overlay:
Colored candles for visual trend confirmation.
Entry markers for quick signal recognition.
🔧 Customizable Inputs:
ADX & MACD lengths
SL/TP percentages
Candle coloring toggle
Signal visibility toggle
🟢 PineConnector Integration:
This strategy is ideal for use with PineConnector, enabling you to:
Execute trades in real time on your preferred broker.
Use it in live, paper, or demo trading environments.
Automate your strategy with zero coding — simply connect, authorize, and trade.
New Momentum H/LNew Momentum H/L shows when momentum, defined as the rate of price change over time, exceeds the highest or lowest values observed over a user-defined period. These events shows points where momentum reaches new extremes relative to that period, and the indicator plots a column to mark each occurrence.
Increase in momentum could indicate the start of a trend phase from a low volatile or balanced state. However in developed trends, extreme momentum could also mark potential climaxes which can lead to trend termination. This reflects the dual nature of the component.
This indicator is based on the MACD calculated as the difference between a 3-period and a 10-period simple moving average. New highs are indicated when this value exceeds all previous values within the lookback window; new lows when it drops below all previous values. The default lookback period is set to 40 bars, which corresponds with two months on a daily chart.
The indicator also computes a z-score of the MACD line over the past 100 bars. This standardization helps compare momentum across different periods and normalizes the values of current moves relative to recent history.
In practice, use the indicator to confirm presence of momentum at the start of a move from a balanced state (often following a volatility expansion), track how momentum develops inside of a trend structure and locate potential climactic events.
Momentum should in preference be interpreted from price movement. However, to measure and standardize provides structure and helps build more consistent models. This should be used in context of price structure and broader market conditions; as all other tools.
Price OI Division Price OI Division Indicator
Overview
The Price OI Division indicator (`P_OI_D`) is a custom TradingView script designed to analyze the relationship between price momentum and open interest (OI) momentum. It visualizes the divergence between these two metrics using a modified MACD (Moving Average Convergence Divergence) approach, normalized to percentage values. The indicator is plotted as a histogram and two lines (MACD and Signal), with color-coded signals for easier interpretation.
Key Features
- Normalized Price MACD : Compares short-term and long-term price momentum.
- OI-Adjusted MACD : Incorporates open interest data to reflect market positioning.
- Divergence Histogram : Highlights the difference between price and OI momentum.
- Signal Line : Smoothed EMA of the divergence for trend confirmation.
- Threshold Lines : Horizontal reference lines at ±10% and 0 for quick visual analysis.
Interpretation Guide
- Bullish Signal :
Histogram turns red (positive & increasing).
MACD (red line) crosses above Signal (blue line).
Divergence above +10% indicates extreme bullish conditions.
- Bearish Signal :
Histogram turns green (negative & increasing).
MACD (lime line) crosses below Signal (maroon line).
Divergence below -10% indicates extreme bearish conditions.
- Neutral/Reversal :
Histogram fading (teal/pink) suggests weakening momentum.
Crossings near the Zero Line may signal trend shifts.
Usage Notes
Asset Compatibility : Works best with futures/perpetual contracts where OI data is available.
Timeframe : Suitable for all timeframes, but align `fastLength`/`slowLength` with your strategy.
Data Limitations : Relies on exchange-specific OI symbols (e.g., `BTC:USDT.P_OI`). Verify data availability for your asset.
Confirmation : Pair with volume analysis or support/resistance levels for higher accuracy.
Disclaimer
This indicator is for educational purposes only. Trading decisions should not be based solely on this tool. Always validate signals with additional analysis and risk management.
15-Min Candlestick StrategyThis strategy combines the MACD (Moving Average Convergence Divergence) indicator with the 200 EMA (Exponential Moving Average) to identify trend-confirmed entry signals on the 15-minute timeframe.
📊 Logic:
The 200 EMA acts as a trend filter:
Only long trades are taken when price is above the EMA
Only short trades are taken when price is below the EMA
MACD crossovers provide the trade signals:
Bullish crossover (MACD crosses above Signal) = Long entry (if above 200 EMA)
Bearish crossover (MACD crosses below Signal) = Short entry (if below 200 EMA)
Trades are exited when the MACD crosses in the opposite direction or price closes on the wrong side of the 200 EMA.
✅ Features:
Simple trend-following logic with momentum confirmation
Works on any asset (Forex, Crypto, Stocks) and optimized for 15m charts
Backtestable and compatible with PineConnector for live algo trading
Ideal for traders seeking a clean and effective MACD-based strategy that avoids counter-trend setups.
ULT MACD BUY AND SELLMACD indicator with BUY and SELL alert.
Setting have been set for best day trading performance.
USE the BUY and SELL signals for ALERTS.
BUY SIGNAL WORKS PERFECT. SELL SIGNAL IS USUALLY FOR SHORT, DON"T END EXIT ON SELL.
MACD Multi-Timeframe x4 (Custom Params)■About this indicator
・This indicator can display 4 MACD lines for different time frames. (Multi-time framework)
・The color of the MACD line changes when the MACD has a golden or dead cross.
All MACDs can be set individually for long time period, short time period, and signal smoothing.
All MACDs can show/hide MACD lines, signal lines, histograms, and select colors.
■Explanation of effective usage
By displaying MACDs in multiple time frames, you can time the push.
For example, let's say you have three MACDs: one weekly, one daily, and one hour.
With the weekly and daily MACDs continuing to golden cross, the timing for the hourly MACD to golden cross is considered a push opportunity.
An example chart is attached below for your reference.
The area circled vertically is a push-buying opportunity.
Yellow-green: Weekly Green: Daily Light blue: Hourly
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■このインジケーターについて
・このインジケーターは別の時間軸の4本のMACDを表示させることが出来ます。（マルチタイムフレームワーク）
・MACDがゴールデンクロス・デッドクロスした場合にMACDラインの色が変化します。
・全てのMACDについて個別に長期の期間・短期の期間・シグナルの平滑化を設定できます。
・全てのMACDはMACDライン・シグナルライン・ヒストグラムの表示/非表示、色の選択ができます。
■有効な使い方の説明
マルチタイムフレームでMACDを表示することで、押し目のタイミングを計ることが出来ます。
例えば、3本のMACDを1週間・1日・1時間とします。
週足と日足のMACDがゴールデンクロスを継続した状態で、1時間足のMACDがゴールデンクロスしてくるタイミングは押し目買いのチャンスと考えられます。
以下に例題のチャートを付けますので、参考にしてください。
縦に囲った辺りが押し目買いのチャンスになります。
黄緑：週足 緑：日足 水色：1時間足
Advanced MACD Strategy (EURUSD 5min)This is an advanced MACD-based trading strategy designed specifically for the EURUSD forex pair on the 5-minute timeframe. It combines traditional MACD crossovers with powerful trend, momentum, volume, and volatility filters to increase trade quality and reduce false signals.
Key Features:
MACD Cross + Histogram Confirmation:
Entries occur only when MACD line crosses the Signal line with supporting momentum from the MACD histogram.
200 EMA Trend Filter:
Trades are allowed only in the direction of the dominant market trend (above EMA for longs, below EMA for shorts).
Volume Filter:
Ensures entries only happen when volume is above its 20-period average, helping avoid illiquid market conditions.
ATR-Based Dynamic Risk Management:
Stop-loss set at 1× ATR from entry price.
Take-profit set at 2× ATR from entry price.
Emergency exits are triggered after 4 hours if neither TP nor SL is hit.
Trading Hours Filter:
Trades are only allowed between 01:00 and 22:00 UTC to avoid low-liquidity periods.
Fully Adjustable Inputs:
All key parameters (MACD settings, EMA length, volume lookback, ATR multipliers, session hours) can be optimized for individual preferences.
Best Use:
Ideal for active traders who prefer high-frequency trading styles.
Designed for automated execution and easy integration with external bots (such as PineConnector ).
Works best during London and New York trading sessions due to higher liquidity.
Disclaimer:
Past performance does not guarantee future results. Always backtest and forward-test on demo accounts before trading live capital. Trading forex involves substantial risk.
MACD DualScope※日本語説明もあります。
📌 MACD DualScope – Fusion of Higher & Lower Timeframes
MACD DualScope is a multi-timeframe visualization tool that combines the power of two MACD readings in one view.
The background color reflects the trend direction of the higher timeframe MACD, while the indicator window shows the MACD of the current chart timeframe.
✅ Key Features
Visual background showing higher timeframe MACD direction (Green = Bullish, Red = Bearish)
Full MACD (MACD line, Signal line, Histogram) display for the lower/current timeframe
Separate parameter settings for higher and lower timeframes
Customizable higher timeframe (e.g., 1H, 4H, D, etc.)
Adjustable background transparency
Perfect for traders who want to capture the broader trend while timing precise entries on lower timeframes.
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📌 MACD DualScope - 上位足 × 下位足の融合ビジョン
MACD DualScopeは、異なる時間軸のMACDを同時に視覚化するインジケーターです。
背景には上位足のMACDの方向性をカラーで表示し、インジケーターウィンドウには現在の足（下位足）のMACDを表示します。
✅ 主な機能
上位足のMACD方向を背景色で表示（上昇：緑 / 下降：赤）
下位足のMACD、シグナル、ヒストグラムをチャートで視覚化
上位・下位それぞれでMACDのパラメーターを個別設定可能
上位足の時間足を自由に選択可能（例：1H, 4H, Dなど）
背景の透明度もカスタマイズ可能
トレンドの大きな流れと短期の変化を同時に捉えたいトレーダーにおすすめのツールです！
Express Generator StrategyExpress Generator Strategy
Pine Script™ v6
The Express Generator Strategy is an algorithmic trading system that harnesses confluence from multiple technical indicators to optimize trade entries and dynamic risk management. Developed in Pine Script v6, it is designed to operate within a user-defined backtesting period—ensuring that trades are executed only during chosen historical windows for targeted analysis.
How It Works:
- Entry Conditions:
The strategy relies on a dual confirmation approach:- A moving average crossover system where a fast (default 9-period SMA) crossing above or below a slower (default 21-period SMA) average signals a potential trend reversal.
- MACD confirmation; trades are only initiated when the MACD line crosses its signal line in the direction of the moving average signal.
- An RSI filter refines these signals by preventing entries when the market might be overextended—ensuring that long entries only occur when the RSI is below an overbought level (default 70) and short entries when above an oversold level (default 30).
- Risk Management & Dynamic Position Sizing:
The strategy takes a calculated approach to risk by enabling the adjustment of position sizes using:- A pre-defined percentage of equity risk per trade (default 1%, adjustable between 0.5% to 3%).
- A stop-loss set in pips (default 100 pips, with customizable ranges), which is then adjusted by market volatility measured through the ATR.
- Trailing stops (default 50 pips) to help protect profits as the market moves favorably.
This combination of volatility-adjusted risk and equity-based position sizing aims to harmonize trade exposure with prevailing market conditions.
- Backtest Period Flexibility:
Users can define the start and end dates for backtesting (e.g., January 1, 2020 to December 31, 2025). This ensures that the strategy only opens trades within the intended analysis window. Moreover, if the strategy is still holding a position outside this period, it automatically closes all trades to prevent unwanted exposure.
- Visual Insights:
For clarity, the strategy plots the fast (blue) and slow (red) moving averages directly on the chart, allowing for visual confirmation of crossovers and trend shifts.
By integrating multiple technical indicators with robust risk management and adaptable position sizing, the Express Generator Strategy provides a comprehensive framework for capturing trending moves while prudently managing downside risk. It’s ideally suited for traders looking to combine systematic entries with a disciplined and dynamic risk approach.
Institutional MACD (Z-Score Edition) [VolumeVigilante]📈 Institutional MACD (Z-Score Edition) — Professional-Grade Momentum Signal
This is not your average MACD .
The Institutional MACD (Z-Score Edition) is a statistically enhanced momentum tool, purpose-built for serious traders and breakout hunters . By applying Z-Score normalization to the classic MACD structure, this indicator uncovers statistically significant momentum shifts , enabling cleaner reads on price extremes, trend continuation, and potential reversals.
💡 Why It Matters
The classic MACD is powerful — but raw momentum values can be noisy and relative , especially on volatile assets like BTC/USD . By transforming the MACD line, signal line, and histogram into Z-scores , we anchor these signals in statistical context . This makes the Institutional MACD:
✔️ Timeframe-agnostic and asset-normalized
✔️ Ideal for spotting true breakouts , not false flags
✔️ A reliable tool for detecting momentum divergence and exhaustion
🧪 Key Features
✅ Full Z-Score normalization (MACD, Signal, Histogram)
✅ Highlighted ±Z threshold bands for overbought/oversold zones
✅ Customizable histogram coloring for visual momentum shifts
✅ Built-in alerts for zero-crosses and Z-threshold breaks
✅ Clean overlay with optional display toggles
🔁 Strategy Tip: Mean Reversion Signals with Statistical Confidence
This indicator isn't just for spotting breakouts — it also shines as a mean reversion tool , thanks to its Z-Score normalization .
When the Z-Score histogram crosses beyond ±2, it marks a statistically significant deviation from the mean — often signaling that momentum is overstretched and the asset may be due for a pullback or reversal .
📌 How to use it:
Z > +2 → Price action is in overbought territory. Watch for exhaustion or short setups.
Z < -2 → Momentum is deeply oversold. Look for reversal confirmation or long opportunities.
These zones often precede snap-back moves , especially in range-bound or corrective markets .
🎯 Combine Z-Score extremes with:
Candlestick confirmation
Support/resistance zones
Volume or price divergence
Other mean reversion tools (e.g., RSI, Bollinger Bands)
Unlike the raw MACD, this version delivers statistical thresholds , not guesswork — helping traders make decisions rooted in probability, not emotion.
📢 Trade Smart. Trade Vigilantly.
Published by VolumeVigilante
Double MACD Overlay [NLR]This indicator plots two MACD signals directly on your price chart to help you spot trends and shifts in momentum more clearly:
🔹 Main MACD - The classic MACD with customizable Fast, Slow, and Signal lengths. Great for confirming broader trend direction.
🔹 Short MACD - A faster MACD with an option to smooth the input, helping you catch early signals or identify short-term momentum changes.
Each MACD is visualized as:
A line showing the moving average
A colored histogram showing the MACD minus the signal
A zero line for reference
Why use this?
By comparing a short-term MACD with a longer-term one, you get early signals without losing the big picture. Use it for confirmation, divergence spotting, or just cleaner trend visualization.
Best For:
✅ Trend-followers
✅ Momentum traders
✅ Anyone who wants more context from their MACD signals
Recommended Settings:
Here are some ideal settings to get the most out of this indicator:
On a 5-Minute Chart:
Compare your current MACD with the 15-minute MACD.
- MACD Multiplier: 3
On a 1-Minute Chart:
Spot short-term moves while comparing them to the 5-minute MACD.
- MACD Multiplier: 5
- Use Smoothed Source (Short MACD): ON (for a cleaner short MACD signal)
Happy trading! 💹
MACD Volume Strategy (BBO + MACD State, Reversal Type)Overview
MACD Volume Strategy (BBO + MACD State, Reversal Type) is a momentum-based reversal system that combines MACD crossover logic with volume filtering to enhance signal accuracy and minimize noise. It aims to identify structural trend shifts and manage risk using predefined parameters.
※This strategy is for educational and research purposes only. All results are based on historical simulations and do not guarantee future performance.
Strategy Objectives
Identify early trend transitions with high probability
Filter entries using volume dynamics to validate momentum
Maintain continuous exposure using a reversal-style model
Apply a consistent 1:1.5 risk-to-reward ratio per trade
Key Features
Integrated MACD and volume oscillator filtering
Zero repainting (all signals confirmed on closed candles)
Automatic position flipping for seamless direction shifts
Stop-loss and take-profit based on recent structural highs/lows
Trading Rules
Long Entry Conditions
MACD crosses above the zero line (BBO Buy arrow)
Volume oscillator is positive (short EMA > long EMA)
MACD is above the signal line
Close any existing short and enter a new long
Short Entry Conditions
MACD crosses below the zero line (BBO Sell arrow)
Volume oscillator is positive
MACD is below the signal line
Close any existing long and enter a new short
Exit Rules
Take Profit (TP) = Entry ± (risk distance × 1.5)
Stop Loss (SL) = Recent swing low (for long) or high (for short)
Early Exit = Triggered when a reversal signal appears (flip logic)
Risk Management Parameters
Pair: ETH/USD
Timeframe: 10-minute
Starting Capital: $3,000
Commission: 0.02%
Slippage: 2 pip
Risk per Trade: 5% of account equity (adjusted for sustainable practice)
Total Trades: 312 (backtest on selected dataset)
※Risk parameters are fully configurable and should be adjusted to suit each trader's personal setup and broker conditions.
Parameters & Configurations
Volume Short Length: 6
Volume Long Length: 12
MACD Fast Length: 11
MACD Slow Length: 21
Signal Smoothing: 10
Oscillator MA Type: SMA
Signal Line MA Type: SMA
Visual Support
Green arrow = Long entry
Red arrow = Short entry
MACD lines, signal line, and histogram
SL/TP markers plotted directly on the chart
Strategic Advantages & Uniqueness
Volume filtering eliminates low-participation, weak signals
Structurally aligned SL/TP based on recent market pivots
No repainting — decisions are made only on closed candles
Always in the market due to the reversal-style framework
Inspirations & Attribution
This strategy is inspired by the excellent work of:
Bitcoinblockchainonline – “BBO_Roxana_Signals MACD + vol”
Leveraging MACD zero-line cross and volume oscillator for intuitive signal generation.
HasanRifat – “MACD Fake Filter ”
Introduced a signal filter using MACD wave height averaging to reduce false positives.
This strategy builds upon those ideas to create a more automated, risk-aware, and technically adaptive system.
Summary
MACD Volume Strategy is a clean, logic-first automated trading system built for precision-seeking traders. It avoids discretionary bias and provides consistent signal logic under backtested historical conditions.
100% mechanical — no discretionary input required
Designed for high-confidence entries
Can be extended with filters, alerts, or trailing stops
※Strategy performance depends on market context. Past performance is not indicative of future results. Use with proper risk management and careful configuration.
Trend Strength MeterThe Trend Strength Meter (TSM) is a powerful and versatile indicator designed to help traders identify market trends, measure their strength, and detect potential reversals with ease. This indicator combines the power of moving averages, divergence detection, and a clean, customizable dashboard to provide actionable insights for traders of all levels.
How It Works
Trend Strength Calculation:
1. The TSM calculates the trend strength using the difference between two Exponential Moving Averages (EMAs): a fast EMA (default: 20) and a slow EMA (default: 50).
2. The difference is expressed as a percentage of the slow EMA, providing a clear measure of the trend's strength and direction.
Histogram Visualization:
1. A color-coded histogram visually represents the trend strength:
Green: Bullish trend
Red: Bearish trend
Gray: Neutral or no significant trend
2. A smoothed trend strength line (SMA of the trend strength) is also plotted for better clarity.
Divergence Detection:
1. The indicator detects bullish and bearish divergences using the RSI (Relative Strength Index) and price action.
2. Bullish Divergence: Price makes a lower low, but RSI makes a higher low, signaling potential upward momentum.
3. Bearish Divergence: Price makes a higher high, but RSI makes a lower high, signaling potential downward momentum.
=> Divergences are marked with arrows on the chart:
Green Arrow: Bullish divergence
Red Arrow: Bearish divergence
Dashboard:
1. A clean and informative dashboard displays key information:
Trend Strength Value: The current strength of the trend
Trend Direction: Bullish, Bearish, or Neutral
Last Signal: Buy, Sell, or None (based on divergence signals)
The dashboard is fully customizable and can be positioned anywhere on the chart (e.g., top-right, bottom-left, center, etc.).
Key Features
1. Trend Strength Measurement: Quickly identify the strength and direction of the trend.
2. Divergence Detection: Spot potential reversals before they occur with bullish and bearish divergence signals.
3. Customizable Dashboard: Move the dashboard to your preferred location on the chart for better visibility.
4. User-Friendly Design: Clean visuals and intuitive color coding make it easy to interpret market conditions.
5. Actionable Signals: Provides clear Buy/Sell signals based on divergence, helping traders make informed decisions.
How to Use
1. Trend Confirmation:
Use the histogram and trend strength value to confirm the current market trend.
Green bars indicate a bullish trend, while red bars indicate a bearish trend.
2. Divergence Signals:
Look for divergence arrows (green for bullish, red for bearish) to anticipate potential reversals.
Combine divergence signals with other technical analysis tools for higher accuracy.
3. Dashboard Insights:
Monitor the dashboard for real-time updates on trend strength, direction, and the latest signal.
Use the "Last Signal" (Buy/Sell) to validate your trading decisions.
4. Custom Settings:
Adjust the EMA lengths and divergence lookback period to suit your trading style and timeframe.
Position the dashboard anywhere on the chart for convenience.
Best Practices
1. Use the TSM in conjunction with other indicators or price action analysis for confirmation.
2. Test the indicator on different timeframes to find the one that works best for your strategy.
3. Always practice proper risk management when trading.
Disclaimer
This indicator is a tool to assist in technical analysis and should not be used as a standalone trading strategy. Past performance is not indicative of future results. Always conduct your own research and consult with a financial advisor before making trading decisions.
MACD Boundary PSA - CoffeeKillerMACD Boundary PSA - CoffeeKiller Indicator Guide
Welcome traders! This guide will walk you through the MACD Boundary PSA indicator, a powerful market analysis tool developed by CoffeeKiller that enhances the traditional MACD with advanced boundary detection and peak signaling features.
🔔 **Warning: This Indicator Has No Signal Line or MACD Line** 🔔 This indicator is my version of the MACD, that I use in conjunction with the Rev&Line indicator.
Core Concept: Enhanced MACD Analysis
The foundation of this indicator builds upon the classic Moving Average Convergence Divergence (MACD) indicator, adding boundary tracking and peak detection systems to provide clearer signals and market insights.
Histogram Bars: Market Momentum
- Positive Green Bars: Bullish momentum
- Negative Red Bars: Bearish momentum
- Color intensity varies based on momentum strength
- Special coloring for new high/low boundaries
Marker Lines: Dynamic Support/Resistance
- High Marker Line (Magenta): Tracks the highest point reached during a bullish phase
- Low Marker Line (Cyan): Tracks the lowest point reached during a bearish phase
- Acts as dynamic boundaries that help identify strength of current moves
Peak Detection System:
- Triangular markers identify significant local maxima and minima
- Background highlighting shows important momentum peaks
- Helps identify potential reversal points and momentum exhaustion
Core Components
1. MACD Calculation
- Customizable fast and slow moving averages
- Signal line smoothing options
- Flexible MA type selection (SMA or EMA)
- Custom source input options
2. Boundary Tracking System
- Automatic detection of highest values in bullish phases
- Automatic detection of lowest values in bearish phases
- Step-line visualization of boundaries
- Color-coded for easy identification
3. Peak Detection System
- Identification of local maxima and minima
- Background highlighting of significant peaks
- Triangle markers for peak visualization
- Zero-line cross detection for trend changes
4. Time Resolution Control
- Normal mode: calculations based on chart timeframe
- Custom resolution mode: calculations based on specified timeframe
Main Features
Time Resolution Settings
- Normal mode: calculations match your chart's timeframe
- Custom resolution mode: calculations based on specified timeframe
- Helps identify stronger signals from other timeframes
Visual Elements
- Color-coded histogram bars
- Dynamic marker lines for boundaries
- Peak triangles for significant turning points
- Background highlighting for peak identification
Signal Generation
- Zero-line crosses for trend change signals
- Boundary breaks for momentum strength
- Peak formation for potential reversals
- Color changes for momentum direction
Customization Options
- MA types and lengths
- Signal smoothing
- Color schemes
- Marker line visibility
- Peak background display options
Trading Applications
1. Trend Identification
- Histogram crossing above zero: bullish trend beginning
- Histogram crossing below zero: bearish trend beginning
- Histogram color: indicates momentum direction
- Consistent color intensity: trend strength
2. Reversal Detection
- Peak triangles after extended trend: potential exhaustion
- Background highlighting: significant reversal points
- Histogram approaching marker lines: potential trend change
- Color shifts from bright to muted: decreasing momentum
3. Momentum Analysis
- Histogram breaking above previous high boundary: accelerating bullish momentum
- Histogram breaking below previous low boundary: accelerating bearish momentum
- Special coloring (magenta/cyan): boundary breaks indicating strength
- Distance from zero line: overall momentum magnitude
4. Market Structure Assessment
- Consecutive higher peaks: strengthening bullish structure
- Consecutive lower troughs: strengthening bearish structure
- Peak comparisons: relative strength of momentum phases
- Boundary line steps: market structure levels
Optimization Guide
1. MACD Settings
- Fast Length: Shorter values (8-12) for responsiveness, longer values (20+) for smoother signals
- Slow Length: Shorter values (21-34) for more signals, longer values (72+) for major moves
- Default settings (22, 72, 9): balanced approach for most timeframes
- Consider using 8, 21, 5 for shorter timeframes and 34, 144, 5 for longer timeframes
2. MA Type Selection
- EMA: More responsive, follows price more closely
- SMA: Smoother, fewer false signals, potentially more lag
- Mix and match for oscillator and signal lines based on your preference
3. Time Resolution
- Match chart timeframe: for aligned analysis
- Use higher timeframe: for filtering signals
- Lower timeframe: for earlier entries but more noise
4. Color Customization
- Normal bullish/bearish colors: represent standard momentum
- High/low marker line colors: customize visibility
- Peak marker colors: adjust for your visual preference
- Consider chart background when selecting colors
Best Practices
1. Signal Confirmation
- Wait for zero-line crosses to confirm trend changes
- Look for peak formations to identify potential reversals
- Check for boundary breaks to confirm strong momentum
- Use custom timeframe option for higher timeframe confirmation
2. Timeframe Selection
- Lower timeframes: more signals, potential noise
- Higher timeframes: cleaner signals, less frequent
- Custom resolution: allows comparison across timeframes
- Consider using multiple timeframes for confirmation
3. Market Context
- Strong bullish phase: positive histogram breaking above marker line
- Strong bearish phase: negative histogram breaking below marker line
- Histogram approaching zero: potential trend change
- Peak formations: potential exhaustion points
4. Combining with Other Indicators
- Use with trend indicators for confirmation
- Pair with oscillators for overbought/oversold conditions
- Combine with volume analysis for validation
- Consider support/resistance levels with boundary lines
Advanced Trading Strategies
1. Boundary Break Strategy
- Enter long when histogram breaks above previous high marker line
- Enter short when histogram breaks below previous low marker line
- Use zero-line as initial stop-loss reference
- Take profits at formation of opposing peaks
2. Peak Trading Strategy
- Identify significant peaks with triangular markers
- Look for consecutive lower peaks in bullish phases for shorting opportunities
- Look for consecutive higher troughs in bearish phases for buying opportunities
- Use zero-line crosses as confirmation
3. Multi-Timeframe Strategy
- Use custom resolution for higher timeframe MACD trend
- Enter trades when both timeframes align
- Higher timeframe for trend direction
- Chart timeframe for precise entry
4. Histogram Color Strategy
- Enter long when histogram turns bright green (increasing momentum)
- Enter short when histogram turns bright red (increasing momentum)
- Exit when color intensity fades (decreasing momentum)
- Use marker lines as dynamic support/resistance
Practical Analysis Examples
Bullish Market Scenario
- Histogram crosses above zero line
- Green bars grow in height and intensity
- High marker line forms steps upward
- Peak triangles appear at local maxima
- Background highlights appear at significant momentum peaks
Bearish Market Scenario
- Histogram crosses below zero line
- Red bars grow in depth and intensity
- Low marker line forms steps downward
- Peak triangles appear at local minima
- Background highlights appear at significant momentum troughs
Consolidation Scenario
- Histogram oscillates around zero line
- Bar colors alternate frequently
- Marker lines remain relatively flat
- Few or no new peak highlights appear
- Histogram values remain small
Understanding Market Dynamics Through MACD Boundary PSA
At its core, this indicator provides a unique lens to visualize market momentum and boundaries:
1. Momentum Strength: The histogram height/depth shows the strength of current momentum, with color intensity providing additional context about acceleration or deceleration.
2. Dynamic Boundaries: The marker lines create a visual representation of the "high water marks" of momentum in both directions, helping to identify when markets are making new momentum extremes.
3. Exhaustion Signals: The peak detection system highlights moments where momentum has reached a local maximum or minimum, often precursors to reversals or consolidations.
4. Trend Confirmation: The histogram color and intensity provide instant feedback about the current trend direction and strength, with special colors highlighting particularly significant moves.
Remember:
- Combine signals from histogram, marker lines, and peak formations
- Use appropriate timeframe settings for your trading style
- Customize the indicator to match your visual preferences
- Consider market conditions and correlate with price action
This indicator works best when:
- Used as part of a comprehensive trading system
- Combined with proper risk management
- Applied with an understanding of current market conditions
- Signals are confirmed by price action and other indicators
**DISCLAIMER**: This indicator and its signals are intended solely for educational and informational purposes. They do not constitute financial advice. Trading involves significant risk of loss. Always conduct your own analysis and consult with financial professionals before making trading decisions.
Reversal + Confirm ZonesThis script is written in Pine Script (version 5) for TradingView and creates an indicator called **"Reversal + Confirm Zones"**. It overlays visual zones on a price chart to identify potential reversal points and confirmation signals for trading. The indicator combines **Bollinger Bands** and **RSI** to detect overbought/oversold conditions (reversal zones) and uses **EMA crosses** and **MACD zero-line crosses** to confirm bullish or bearish trends. Below is a detailed explanation:
---
### **1. Purpose**
- The script highlights:
- **Reversal Zones**: Areas where the price might reverse due to being overbought (green) or oversold (red).
- **Confirmation Zones**: Areas where a trend reversal is confirmed using EMA and MACD signals (green for bullish, red for bearish).
- It provides visual backgrounds and alerts to assist traders in spotting potential trade setups.
---
### **2. Components**
The script is divided into two main parts: **Reversal Logic** and **Confirmation Logic**.
---
### **3. Reversal Logic (Red & Green Zones)**
#### **Bollinger Bands**
- **Parameters**:
- Length: 20 periods.
- Source: Closing price (`close`).
- Multiplier: 2.0 (standard deviations).
- **Calculation**:
- `basis`: 20-period Simple Moving Average (SMA).
- `dev`: 2 times the standard deviation of the price over 20 periods.
- `upper`: `basis + dev` (upper band).
- `lower`: `basis - dev` (lower band).
- **Purpose**: Identifies when the price moves outside the normal range (beyond 2 standard deviations).
#### **Relative Strength Index (RSI)**
- **Parameters**:
- Length: 14 periods.
- Low Threshold: 30 (oversold).
- High Threshold: 70 (overbought).
- **Calculation**: `rsiValue = ta.rsi(close, rsiLength)`.
- **Purpose**: Measures momentum to confirm overbought or oversold conditions.
#### **Zone Conditions**
- **Red Zone (Oversold)**:
- Condition: `close < lower` (price below lower Bollinger Band) AND `rsiValue < rsiLowThreshold` (RSI < 30).
- Visual: Light red background (`color.new(color.red, 80)`).
- Alert: "Deep Oversold Signal triggered!".
- **Green Zone (Overbought)**:
- Condition: `close > upper` (price above upper Bollinger Band) AND `rsiValue > rsiHighThreshold` (RSI > 70).
- Visual: Light green background (`color.new(color.green, 80)`).
- Alert: "Deep Overbought Signal triggered!".
#### **Interpretation**
- Red Zone: Suggests the price is oversold and may reverse upward.
- Green Zone: Suggests the price is overbought and may reverse downward.
---
### **4. Confirmation Logic (EMA and MACD Crosses)**
#### **Exponential Moving Averages (EMAs)**
- **Parameters**:
- Short EMA Length: 9 periods (user adjustable).
- Long EMA Length: 21 periods (user adjustable).
- **Calculation**:
- `emaShort = ta.ema(close, emaShortLength)`.
- `emaLong = ta.ema(close, emaLongLength)`.
- **Conditions**:
- **Bullish EMA Cross**: `emaCrossBullish = ta.crossover(emaShort, emaLong)` (9 EMA crosses above 21 EMA).
- **Bearish EMA Cross**: `emaCrossBearish = ta.crossunder(emaShort, emaLong)` (9 EMA crosses below 21 EMA).
#### **MACD**
- **Parameters**:
- Fast Length: 12 periods (user adjustable).
- Slow Length: 26 periods (user adjustable).
- Signal Smoothing: 9 periods (user adjustable).
- **Calculation**:
- ` = ta.macd(close, macdFastLength, macdSlowLength, macdSignalSmoothing)`.
- Only the MACD line and signal line are used; the histogram is ignored (`_`).
- **Conditions**:
- **Bullish MACD Cross**: `macdCrossBullish = ta.crossover(macdLine, 0)` (MACD crosses above zero).
- **Bearish MACD Cross**: `macdCrossBearish = ta.crossunder(macdLine, 0)` (MACD crosses below zero).
#### **Combined Confirmation Conditions**
- **Bullish Confirmation**:
- Condition: `bullishConfirmation = emaCrossBullish and macdCrossBullish`.
- Visual: Very light green background (`color.new(color.green, 90)`).
- Meaning: A bullish trend is confirmed when the 9 EMA crosses above the 21 EMA AND the MACD crosses above zero.
- **Bearish Confirmation**:
- Condition: `bearishConfirmation = emaCrossBearish and macdCrossBearish`.
- Visual: Very light red background (`color.new(color.red, 90)`).
- Meaning: A bearish trend is confirmed when the 9 EMA crosses below the 21 EMA AND the MACD crosses below zero.
---
### **5. Visual Outputs**
- **Reversal Zones**:
- Red background for oversold conditions.
- Green background for overbought conditions.
- **Confirmation Zones**:
- Light green background for bullish confirmation.
- Light red background for bearish confirmation.
- Note: The script does not plot the Bollinger Bands, EMAs, or MACD lines—only the background zones are visualized.
---
### **6. Alerts**
- **Deep Oversold Alert**: Triggers when the red zone condition is met.
- **Deep Overbought Alert**: Triggers when the green zone condition is met.
- No alerts are set for the confirmation zones (EMA/MACD crosses).
---
### **7. How It Works**
1. **Reversal Detection**:
- The script uses Bollinger Bands and RSI to flag extreme price levels (red for oversold, green for overbought).
- These zones suggest potential reversals but are not confirmed yet.
2. **Trend Confirmation**:
- EMA crosses (9/21) and MACD zero-line crosses provide confirmation of a trend direction.
- Bullish confirmation (green) occurs when both indicators align upward.
- Bearish confirmation (red) occurs when both indicators align downward.
3. **Trading Strategy**:
- Look for a red zone (oversold) followed by a bullish confirmation for a potential long entry.
- Look for a green zone (overbought) followed by a bearish confirmation for a potential short entry.
---
### **8. How to Use**
1. Add the script to TradingView.
2. Adjust inputs (EMA lengths, MACD settings) if desired.
3. Monitor the chart:
- Red zones indicate oversold conditions—watch for a potential upward reversal.
- Green zones indicate overbought conditions—watch for a potential downward reversal.
- Light green/red backgrounds confirm the trend direction after a reversal zone.
4. Set up alerts for oversold/overbought conditions to catch reversal signals early.
---
### **9. Key Features**
- **Dual Purpose**: Combines reversal detection (Bollinger Bands + RSI) with trend confirmation (EMA + MACD).
- **Visual Simplicity**: Uses background colors instead of plotting lines, keeping the chart clean.
- **Customizable**: Allows users to tweak EMA and MACD periods.
- **Alerts**: Notifies users of extreme conditions for timely action.
---
### **10. Limitations**
- No plotted indicators (e.g., Bollinger Bands, EMAs, MACD) for visual reference—relies entirely on background shading.
- Confirmation signals (EMA/MACD) may lag behind reversal zones, potentially missing fast reversals.
- No alerts for confirmation zones, limiting real-time notification of trend confirmation.
This script is ideal for traders who want a straightforward way to spot potential reversals and confirm them with trend-following indicators, all overlaid on the price chart.
Moving Average Convergence DivergenceThis script is written in Pine Script (version 6) for TradingView and implements the **Moving Average Convergence Divergence (MACD)** indicator. The MACD is a popular momentum oscillator used to identify trend direction, strength, and potential reversals. This version includes customizable inputs, visual enhancements (like crossover markers), and alerts for key events. Below is a detailed explanation of the script:
---
### **1. Purpose**
- The script calculates and displays the MACD line, signal line, and histogram.
- It highlights key events such as MACD/signal line crossovers and zero-line crosses with shapes and colors.
- It provides alerts for changes in the histogram's direction (rising to falling or vice versa).
---
### **2. User Inputs**
- **Fast Length**: Period for the fast moving average (default: 12).
- **Slow Length**: Period for the slow moving average (default: 26).
- **Source**: Data input for calculation (default: closing price, `close`).
- **Signal Smoothing**: Period for the signal line (default: 9, range: 1–50).
- **Oscillator MA Type**: Type of moving average for MACD calculation (options: SMA or EMA, default: EMA).
- **Signal Line MA Type**: Type of moving average for the signal line (options: SMA or EMA, default: EMA).
---
### **3. MACD Calculation**
The MACD is calculated in three parts:
1. **MACD Line**: Difference between the fast and slow moving averages.
- Fast MA: Either SMA or EMA of the source over `fast_length`.
- Slow MA: Either SMA or EMA of the source over `slow_length`.
- Formula: `macd = fast_ma - slow_ma`.
2. **Signal Line**: A moving average (SMA or EMA) of the MACD line over `signal_length`.
- Formula: `signal = sma_signal == "SMA" ? ta.sma(macd, signal_length) : ta.ema(macd, signal_length)`.
3. **Histogram**: Difference between the MACD line and the signal line.
- Formula: `hist = macd - signal`.
---
### **4. Key Events Detection**
#### **MACD/Signal Line Crossovers**
- **Bullish Cross**: MACD crosses above the signal line (`ta.crossover(macd, signal)`).
- **Bearish Cross**: MACD crosses below the signal line (`ta.crossunder(macd, signal)`).
#### **Zero Line Crosses**
- **Cross Above Zero**: MACD crosses above 0 (`ta.crossover(macd, 0)`).
- **Cross Below Zero**: MACD crosses below 0 (`ta.crossunder(macd, 0)`).
---
### **5. Colors**
- **MACD Line**: Green (#089981) if MACD > signal (bullish), red (#f23645) if MACD < signal (bearish).
- **Signal Line**: White (`color.white`).
- **Histogram**:
- Positive (MACD > signal): Light green (#B2DFDB) if decreasing, darker green (#26A69A) if increasing.
- Negative (MACD < signal): Light red (#FFCDD2) if increasing in magnitude, darker red (#FF5252) if decreasing in magnitude.
- **Zero Line**: Gray with 50% transparency (`color.new(#787B86, 50)`).
---
### **6. Visual Outputs**
#### **Plotted Lines**
- **MACD Line**: Plotted with dynamic coloring based on its position relative to the signal line.
- **Signal Line**: Plotted in white.
- **Histogram**: Displayed as columns, with colors indicating direction and momentum.
- **Zero Line**: Horizontal line at 0 for reference.
#### **Shapes for Key Events**
- **Bullish Cross Below Zero**: Green circle on the MACD line when MACD crosses above the signal line while still below zero.
- **Bearish Cross Above Zero**: Red circle on the MACD line when MACD crosses below the signal line while still above zero.
- **Cross Above Zero**: Green upward label at the zero line when MACD crosses above 0.
- **Cross Below Zero**: Red downward label at the zero line when MACD crosses below 0.
---
### **7. Alerts**
- **Rising to Falling**: Triggers when the histogram switches from positive (or zero) to negative.
- Condition: `hist >= 0 and hist < 0`.
- Message: "MACD histogram switched from rising to falling".
- **Falling to Rising**: Triggers when the histogram switches from negative (or zero) to positive.
- Condition: `hist <= 0 and hist > 0`.
- Message: "MACD histogram switched from falling to rising".
---
### **8. How It Works**
1. **Trend Direction**:
- MACD above signal line (green) suggests bullish momentum.
- MACD below signal line (red) suggests bearish momentum.
2. **Momentum Strength**:
- Histogram height shows the strength of the momentum (larger bars = stronger momentum).
- Histogram color changes indicate whether momentum is increasing or decreasing.
3. **Reversal Signals**:
- Crossovers between MACD and signal lines often signal potential trend changes.
- Zero-line crosses indicate shifts between bullish (above 0) and bearish (below 0) territory.
---
### **9. How to Use**
1. Add the script to TradingView.
2. Adjust inputs (e.g., fast/slow lengths, MA types) to suit your trading style.
3. Monitor the chart:
- Green MACD and upward histogram bars suggest bullish conditions.
- Red MACD and downward histogram bars suggest bearish conditions.
- Watch for circles (crossovers) and labels (zero-line crosses) for trade signals.
4. Set up alerts to notify you of histogram direction changes.
---
### **10. Key Features**
- **Customization**: Flexible MA types and periods.
- **Visual Clarity**: Dynamic colors and shapes highlight key events.
- **Alerts**: Notifies users of momentum shifts via histogram changes.
- **Intuitive**: Combines all MACD components (line, signal, histogram) in one indicator.
This script is ideal for traders who rely on MACD for momentum analysis and want clear visual cues and alerts for decision-making.
Multi-Indicator Trading DashboardMulti-Indicator Trading Dashboard: Comprehensive Analysis and Actionable Signals
This Pine Script indicator, "Multi-Indicator Trading Dashboard," provides a comprehensive overview of key market indicators and generates actionable trading signals, all presented in a clear, easy-to-read table format on your TradingView chart.
Key Features:
Real-time Indicator Analysis: The dashboard displays real-time values and signals for:
RSI (Relative Strength Index): Tracks overbought and oversold conditions.
MACD (Moving Average Convergence Divergence): Identifies trend changes and momentum.
ADX (Average Directional Index): Measures trend strength.
Volatility (ATR-based): Estimates volatility as a percentage, acting as a VIX proxy for single-symbol charts.
Trend Determination: Analyzes 20, 50, and 200-period EMAs to provide a clear trend assessment (Strong Bullish, Cautious Bullish, Cautious Bearish, Strong Bearish).
Combined Trading Signals: Integrates signals from RSI, MACD, ADX, and trend analysis to generate a combined "Buy," "Sell," or "Neutral" action signal.
User-Friendly Table Display: Presents all information in a neatly organized table, positioned at the top-right of your chart.
Visual Chart Overlays: Plots 20, 50, and 200-period EMAs directly on the chart for visual trend confirmation.
Background Color Alerts: Colors the chart's background based on the "Buy" or "Sell" action signal for quick visual cues.
Customizable Inputs: Allows you to adjust key parameters like RSI lengths, MACD settings, ADX thresholds, and EMA periods.
How It Works:
Indicator Calculations: The script calculates RSI, MACD, ADX, and a volatility proxy (ATR) using standard Pine Script functions.
Trend Analysis: It compares 20, 50, and 200-period EMAs to determine the overall trend direction.
Individual Signal Generation: It generates individual "Buy," "Sell," or "Neutral" signals based on RSI, MACD, and ADX values.
Combined Signal Logic: It combines the individual signals and trend analysis, assigning a "Buy" or "Sell" action only when at least two indicators align.
Table Display: It creates a table and populates it with the calculated values, signals, and trend information.
Chart Overlays: It plots the EMAs on the chart and colors the background based on the combined action signal.
Use Cases:
Quick Market Overview: Get a snapshot of key market indicators and trend direction at a glance.
Confirmation Tool: Use the combined signals to confirm your existing trading strategies.
Educational Purpose: Learn how different indicators interact and influence trading decisions.
Automated Alerting: Set up alerts based on the "Buy" or "Sell" action signals.
Customization:
Adjust the input parameters to fine-tune the indicator's sensitivity to your trading style and the specific market you're analyzing.
Disclaimer:
This indicator is for informational and educational purposes only and should not be considered financial advice. Always conduct thorough research and consult with 1 a qualified professional before making any 2 trading decisions.
Schaff Trend Cycle (STC)The STC (Schaff Trend Cycle) indicator is a momentum oscillator that combines elements of MACD and stochastic indicators to identify market cycles and potential trend reversals.
Key features of the STC indicator:
Oscillates between 0 and 100, similar to a stochastic oscillator
Values above 75 generally indicate overbought conditions
Values below 25 generally indicate oversold conditions
Signal line crossovers (above 75 or below 25) can suggest potential entry/exit points
Faster and more responsive than traditional MACD
Designed to filter out market noise and identify cyclical trends
Traders typically use the STC indicator to:
Identify potential trend reversals
Confirm existing trends
Generate buy/sell signals when combined with other technical indicators
Filter out false signals in choppy market conditions
This STC implementation includes multiple smoothing options that act as filters:
None: Raw STC values without additional smoothing, which provides the most responsive but potentially noisier signals.
EMA Smoothing: Applies a 3-period Exponential Moving Average to reduce noise while maintaining reasonable responsiveness (default).
Sigmoid Smoothing: Transforms the STC values using a sigmoid (S-curve) function, creating more gradual transitions between signals and potentially reducing whipsaw trades.
Digital (Schmitt Trigger) Smoothing: Creates a binary output (0 or 100) with built-in hysteresis to prevent rapid switching.
The STC indicator uses dynamic color coding to visually represent momentum:
Green: When the STC value is above its 5-period EMA, indicating positive momentum
Red: When the STC value is below its 5-period EMA, indicating negative momentum
The neutral zone (25-75) is highlighted with a light gray fill to clearly distinguish between normal and extreme readings.
Alerts:
Bullish Signal Alert:
The STC has been falling
It bottoms below the 25 level
It begins to rise again
This pattern helps confirm potential uptrend starts with higher reliability.
Bearish Signal Alert:
The STC has been rising
It peaks above the 75 level
It begins to decline
This pattern helps identify potential downtrend starts.
