Area of InterestArea of Interest (AOI) – Concept Overview
An Area of Interest (AOI) in trading is a key price level or zone on a chart where the probability of a significant reaction (like a bounce, reversal, or breakout) is higher than usual. These areas are often watched closely by institutional traders, professional analysts, and algorithmic systems due to their technical significance.
AOIs are not exact price points, but zones where price action has previously shown sensitivity — whether through support, resistance, order blocks, supply/demand imbalances, or high-volume nodes.
Why Are Areas of Interest Important?
Decision Zones: AOIs help traders identify where the market may make key decisions — for example, whether to break higher or reverse.
Smart Money Traps: These zones often reflect institutional activity. Smart money tends to manipulate price to these zones to gather liquidity before large moves.
Risk Management: AOIs help traders place more strategic entries, stop losses, and take profits by focusing on logical market structure points.
Confluence Zones: AOIs become powerful when combined with other tools like trendlines, Fibonacci levels, or candlestick patterns.
How the Indicator Works (Example Logic)
The AOI indicator on TradingView automatically scans historical and real-time price data to detect and plot zones of potential interest. Here's how it might work (based on common AOI logic – customize this to match your script):
1. Swing High/Low Detection
The indicator identifies recent significant highs and lows using price action structure (like higher highs or lower lows).
These points act as anchor levels for defining AOIs.
These zones suggest where buy/sell orders were left unfilled, creating areas of future interest.
2. Support/Resistance Conversion
AOIs are drawn from past support/resistance zones that have been tested multiple times.
When broken, these zones flip — support becomes resistance and vice versa.
3. Dynamic AOIs (Real-time Updates)
As new price data comes in, the indicator dynamically updates AOIs.
The zones expand or shrink based on recent price reaction and volume activity.
AOI Features in This Indicator
✅ Auto-detection of high-probability AOI zones
✅ Customizable sensitivity (aggressive vs conservative levels)
✅ Color-coded zones (Support = Green, Resistance = Red)
How Traders Use AOIs
Entry Points: Traders wait for confirmation (e.g., bullish engulfing at a support AOI) before entering.
Exits or Take Profit Zones: AOIs can act as natural TP levels where reversals often occur.
Breakout/Reversal Filtering: If price enters an AOI with strong momentum, a breakout is more likely. If it stalls or forms divergence, it might reverse.
Indicatori e strategie
GALFER {GALFER} SMCGentry🚀Galfer {GSMC} – A Leading Swing Structure Indicator for All Markets
This leading indicator is designed to automatically mark major swing points in any market of your choice—Forex, Crypto, Indices, or Commodities.
✅ It fits every trader’s strategy and is ideal for:
Day Trading
Swing Trading
Scalping (even on second-based timeframes)
💡 How to Use It Effectively:
🔹 50% Level Zones: Perfect for precise retests after a swing—great for entries based on Smart Money Concepts (SMC), ICT, or price action setups.
🔹 Swing Highs & Lows:
Use them for breakout confirmation
Mark liquidity zones
Spot long-term retest points for high-probability entries
🔹 It’s flexible enough to match both trend-following and counter-trend systems.
📌 Important Note:
This tool is most powerful when combined with basic forex knowledge and price action skills. It gives you the structure, but your understanding unlocks the real value.
🎯 Whether you're a beginner learning market swings or a seasoned trader looking to sharpen precision, this tool gives you an edge in identifying key price movements—before they unfold..
Bollinger Bands + 6 EMAbollinger band original
6 emb
add 2 indicater to 1 to save the source.
we can use it following our mind
AO.574.Price Action Signals in Higher Time FramePrice Action Signals in Higher Time Frame
This indicator is designed to help traders spot high-probability price action signals from higher time frames (HTFs) while trading on lower time frames. It brings the clarity of HTF structure and momentum directly into your intraday or scalping charts.
Features:
HTF Price Action Detection: Identifies key patterns like pin bars, engulfing candles, inside bars, and breakouts on higher time frames.
Multi-Timeframe Mapping: Displays HTF signals directly on your lower timeframe chart for seamless integration.
Support & Resistance Zones: Marks HTF structure levels where price action signals occur.
Signal Labels & Alerts: Clearly labeled buy/sell signals for major price action setups.
Customizable Timeframes: Select your preferred higher timeframe (e.g., 1H, 4H, Daily) for signal generation.
Visual Confidence: Helps confirm entries and reduce noise by focusing on higher timeframe strength.
How It Helps:
Trade with the trend by aligning with HTF signals.
Avoid false breakouts and traps often seen in lower time frames.
Gain clarity on market structure, key zones, and momentum direction.
Disclaimer:
This indicator is a tool to support price action-based trading strategies and should be used with proper risk management. It does not guarantee profits and should not replace your own market analysis. Always trade responsibly.
Simple Moving Averageimport yfinance as yf
import pandas as pd
import matplotlib.pyplot as plt
import numpy as np
AO. 546. EMA Trend Signals with Chop IndexEMA Trend Signals with Chop Index – Target & Stop Loss
This indicator combines EMA-based trend signals with the Choppiness Index to filter out low-probability trades during sideways markets. It also provides dynamic target and stop-loss levels to support disciplined trade management.
Features:
EMA Trend Signals: Generates Buy and Sell signals based on fast and slow EMA crossovers.
Chop Index Filter: Avoids signals during sideways/choppy conditions by filtering trades using the Choppiness Index.
Target & Stop-Loss Zones: Automatically calculates and displays recommended target and stop-loss levels based on ATR or recent price structure.
Trend Clarity: Helps identify strong trend entries while avoiding consolidation traps.
Customizable Settings: Adjust EMAs, Choppiness sensitivity, and risk/reward ratios to fit your trading strategy.
Visual Signal Markers: Clear arrows or labels on the chart to indicate entries, exits, and invalid zones.
How It Works:
Buy Signal: Triggered when fast EMA crosses above slow EMA and Chop Index is below a threshold (e.g., 38.2), indicating a trending market.
Sell Signal: Triggered when fast EMA crosses below slow EMA and Chop Index confirms a breakout from chop.
Target: Calculated based on a fixed risk-reward ratio (e.g., 1.5x ATR or structure-based projection).
Stop Loss: Set just below the recent swing low (for buys) or above the recent swing high (for sells), or based on ATR.
Disclaimer:
This indicator is for informational purposes only and does not guarantee profitable trades. Always conduct your own analysis and use proper risk management. Trading involves significant risk and may not be suitable for all investors.
AO.545.Chop Zone Background VWAPChop Zone Background VWAP
This indicator blends Chop Zone detection with the VWAP (Volume Weighted Average Price) to help traders identify periods of consolidation and trendlessness, while staying aligned with volume-based price action.
Features:
Chop Zone Detection: Highlights sideways or low-momentum zones using a color-coded background.
VWAP Integration: Plots the VWAP to help identify fair value and potential trend bias.
Visual Clarity: Background coloring makes it easy to spot choppy, non-trending areas at a glance.
Trend Confirmation: Use VWAP interaction with price to confirm breakouts or rejections from consolidation zones.
Customizable Parameters: Fine-tune chop sensitivity and VWAP settings to suit any timeframe or asset.
Disclaimer:
This indicator is a technical tool intended to support trading decisions, not replace them. It should be used alongside proper risk management and other forms of analysis. Trading involves risk; always trade responsibly.
Thank you Trading view for source code
GoldenPocket & CRT IndicatorWith this script, you will be able to see Golden Pocket Fibonacci Levels and Candle Range Theory Highs, Lows and EQs.
You can set lookback bar numbers to define Fibonacci highs and lows.
You can set CRT High Time-frame.
Simple and effective script. Please let me know if you have any comments and support me if you like it.
Rajs S R ChannelsSupport and Resistance Channels Support and Resistance Channels Support and Resistance Channels.
AO.532. Discrete Fourier Transform LabelsDiscrete Fourier Transform Labels
This innovative indicator applies the Discrete Fourier Transform (DFT) to market price data to uncover hidden cyclical patterns and dominant frequency components. It highlights potential trend reversal zones by plotting labels where cycle shifts are most likely to occur.
Features:
Fourier-Based Cycle Detection: Uses DFT to analyze price movements and detect underlying market rhythms.
Signal Labels: Marks potential turning points based on frequency shifts and dominant cycle changes.
Visual Cycle Insights: Helps traders understand market timing through a mathematical lens.
Customizable Settings: Adjust sensitivity and lookback periods to suit different trading styles and instruments.
Multi-Timeframe Compatible: Useful for scalping, intraday, and swing trading strategies.
Disclaimer:
This indicator is a technical analysis tool and should be used as part of a broader trading strategy. It does not guarantee profitable trades. Always perform your own research and risk management before making any trading decisions.
QT/Quarterly Theory QT//Quarterly Theory/OPTD
A - Accumulation (required for a cycle to occur)
M - Manipulation
D - Distribution
X - Reversal/Continuation
AlgX(Algo Trading System by FFISchool.com)📈 AlgX: The Algo Trading System by FFISchool.com 📉
Your AI-Powered Edge in Modern Markets
Unlock Precision in Trend Analysis, Momentum Signals, and Risk Management
This indicator an all in one indicator for both active/passive trades. It has several useful components which if all dumped together on chart will look clumsy. You can use different strategies using the combinations - read the brief description of the components -
1. First u get ShortTrend1/ShortTrend2/ LongTrend1/LongTrend2- these are telling Overall Trend, best usage is with candle stick charts and best suitable for active trading with clear understanding of price action.
2. The next major component is DOTS & background color. This is one of the best features of this complete indicator. This is useful along with any other setup. However, this feature not to be used alone as a buy and sell signal. Count this as another key factor in trade set up reading. The green background basically hinting buy zone where buy calls are safer. Red background hinting at sell zone while yellow is neutral. This feature to be used with all Components in this indicator.
3. The next super features are Leading lines. These lines are very useful for directional options selling. How to use? Rule is simple when price is below the line(Leading line 1 or 2) we sell call options but not put options. Similarly, when price is above the line (1/2) we sell put. Strangles and straddles are preferred when price is trapped between these two lines. This is naked option selling. How do we manage risks? It remains naked till a certain point. Example - price is below Leading line 1 or 2; so we are selling calls at these two levels. if market price comes back up there is a mark to market risks even if the options finally expire worthless with price closing below the levels. To manage this risk - when we see certain candles (special candles change color etc. or background color change - we will also short put and hedge risk - otherwise we will continue with directional call selling unless these hedging conditions are met.
4. Next unique features of this indicator are the inclusion of 2 different types of candles. These candles are influenced by Japanese teachings. Simple candle can be used in any time frame and they are volatile in terms of direction compared to other type of candle(Advanced Candles). How to use? One example - a green Simple candle in a green background zone above the Leading lines and Above the Advance Candles is a good buy entry (should be considered at least). Vice versa for red Simple candle.
WARNING - The Advanced candles are not good bottom hunting tool but a tool where focus is on trend and momentum. For bottom hunting USE candle stick, Short Trend Cloud and background color.
They are also very useful for fast scanning of large number of securities manually.
5. A reference stop loss cross line is shared . You can try for a better stop. Can use this cross line as max stop loss.
6. Last feature of this indicator two by/sell signals. I WILL DO NOT JUMP TO TRADE JUST ON THEM. RATHER AT BEGINNING USE THEM AS A FACTOR; EXAMPLE - If price is on the rise and you suddenly see change to yellow zone background (neutral) and after which a ST(ShortTrend) sell signal comes . This is an additional signal in a buy trend that you should book some profits. OR you are planning to take a short trade based on the signal ST sell - give that signal a rating like a red signal coming in a green zone is not a short signal; can book profit in such case but not short.
7. This Indicator is also a trend analyzing indicator and as a trader our focus should be on earning cream profit as a trader. To make that happen, a buyer would want the both clouds to be green. He / She has the potential to earn maximum profit as a buyer when both the clouds are green with a Green Simple Candle. Similarly a seller has the highest profit earning potential when both clouds are red and a Red Simple Candle comes.
A green-cloud1 within red-cloud2 basically indicate a short term reversal but not enough to reverse the long-term cloud. In such occasions, momentum fading strategies can be used.
🎯 Who Is This For?
New Traders: Cut through noise with clear visual guidance.
Seasoned Pros: Enhance your strategy with confluence-based signals.
Risk-Averse Investors: Stay guarded with real-time risk assessment
🌟 Why Choose AlgX?
AlgX (formerly BG Cloud+MomoCandle Fusion) is a next-gen trading system engineered for clarity in chaotic markets. Whether you’re a day trader, swing trader, or long-term investor, AlgX simplifies decision-making with intuitive visual cues, actionable signals, and a robust risk-assessment framework—no clutter, just results.
🔥 Key Features
1. Dynamic Trend Clouds
Visualize trends with adaptive color-coded clouds:
Green Clouds: Bullish momentum.
Red Clouds: Bearish dominance.
Pro Tip: A green Cloud1 within red Cloud2 signals short-term reversal potential (fade the momentum).
2. Smart Entry/Exit Signals
Diamond/Circle Markers: High-probability trades (🟩 Bullish / 🟥 Bearish).
Customizable alerts for SilverRain (aggressive) and GoldenRain (conservative) strategies.
3. Risk Management Toolkit
Auto-calculated Stop Loss (SL) and Take Profit (TP) based on volatility.
Built-in Risk Meter categorizes drawdowns as Low, Moderate, or High Risk.
4. Momentum Power
Track market strength with Bull/Bear Power Scores (derived from trend alignment and momentum factors).
5. Multi-Timeframe Readiness
Works seamlessly across assets (stocks, forex, crypto) and timeframes (M1 to Monthly).
🛠️ Core Components & Strategies
A. Trend Analysis Framework
ShortTrend & LongTrend Clouds: Gauge overall bias (ideal for active traders).
DOTS & Background Zones:
Green Zone: Safer buy setups.
Red Zone: Safer sell setups.
Yellow Zone: Neutral (proceed with caution).
B. Leading Lines for Options Trading
Directional Options Selling:
Price below Leading Line 1/2: Sell calls, avoid puts.
Price above Leading Line 1/2: Sell puts, avoid calls.
Price trapped between lines: Strangle/straddle opportunities.
Risk Hedge: Activate when candles shift color or zones reverse.
C. Japanese-Inspired Candles
Simple Candles: Volatile, ideal for quick reversals.
Advanced Candles: Focus on trend momentum (avoid bottom fishing).
Example Setup: Green Simple Candle + Green Zone + Price above Leading Lines = Strong buy signal.
D. Stop Loss Cross Line
Use as a max stop-loss reference (customize for tighter risk control).
E. Buy/Sell Signals
Never trade standalone! Combine with clouds, zones, and candles.
Example: A "ST Sell" signal in a yellow zone during an uptrend = partial profit booking (not a short entry).
🎯 Maximize Profit Potential
Buyers: Highest gains when both clouds are green + Green Simple Candle.
Sellers: Peak earnings when both clouds are red + Red Simple Candle.
🚀 How to Use AlgX
Add AlgX to your chart (works instantly on TradingView).
Trade with the Clouds:
Green Dominance = Buy Dips.
Red Dominance = Sell Rallies.
Set Alerts: Right-click → Add Alert → Choose triggers (e.g., GoldenRain Entry, SL/TP Hit).
🚀 How It Elevates Your Trading
Confidence: Trade with conviction using confirmed trend + momentum alignment.
Speed: Eliminate analysis paralysis—signals are automatically highlighted.
Discipiline: Stick to your plan with predefined Sl/Tg and risk thresholds.
📝 How to Use BG Cloud+MomoCandle Fusion
Add the indicator to your chart. It works instantly on any asset (stocks, crypto, forex) or timeframe.
Green/Red Clouds: Trade in the direction of the dominant cloud color (green = bullish, red = bearish).
Green Below Price: Potential buying opportunity (bullish momentum).
Red Above Price: Potential selling opportunity (bearish reversal).
Right-click on the indicator → Add Alert → Choose from 15+ triggers (e.g., "GoldenRain Entry" or "Bullish/Bearish side SL Hit").
🔒 Disclaimer
AlgX is for educational purposes only. Past performance ≠ future results. Always test strategies in a demo account.. FFISchool.com disclaims liability for financial losses. For full methodology, attend FFISchool.com masterclasses.
The developer disclaims liability for financial losses.
FOR DETAILED ANALYSIS REFER TO CLASS & CHART MANUAL SHARED
Upgrade Your Trading IQ with AlgX — Where Precision Meets Profitability.
Resumen de Tendencia.v01📊 Trend Summary with SMA 200 📊
This Pine Script displays a summary table showing the price trend across multiple timeframes (Weekly, Daily, 4H, 1H, 15M, and 5M) based on the 200-period Simple Moving Average (SMA).
✅ Easy to interpret:
Bullish (✅ Green) → Price above SMA 200
Bearish (❌ Red) → Price below SMA 200
⚡ Features:
🔹 Evaluates trends across different timeframes.
🔹 Displays a compact summary table in the top-right corner.
🔹 Keeps the chart clean without extra lines.
Perfect for traders who need a quick multi-timeframe trend analysis! 🚀📈
Autor: Luis Alberto Flores
#Trading #PineScript #SMA200 #TechnicalAnalysis #Trend
Volume - Bank Nifty-5min Intraday-High RiskThis indicator is designed for intraday trading on the Bank Nifty 5-minute chart. It provides Buy and Sell signals based on normalized price action and volume while filtering out noisy or unreliable trading days. this is High risk and High return indicator posting just for educational purpose
Buy & Sell Signal Logic:
Buy when:
Buy pressure is strong (bfraw > 1.1)
0
Sell pressure is weak (sfraw < 0.5)
Only one Buy signal allowed per day
Sell when:
Sell pressure is strong (sfraw > 1.1)
Buy pressure is weak (bfraw < 0.5)
Only one Sell signal allowed per day
2. Volume-Weighted Signal Filtering:
Uses Hull Moving Average (hullma) to smooth both pressure and volume for accurate trend identification.
3. CPR (Central Pivot Range) Filter:
CPR is calculated using:
ini
Copy
Edit
Pivot = (High + Low + Close) / 3
BC = (High + Low) / 2
TC = 2 * Pivot - BC
If the CPR range (|TC - BC|) is greater than 150 points, no trade signal is allowed that day.
A label "NO TRADE DAY - CPR > 150" is shown at the start of such a day near the pivot.
4. Signal Visualization:
Lines mark Buy/Sell signal levels.
Labels show Buy or Sell price (e.g., “BUY @ 48200”).
CPR tag shown with each Buy/Sell signal for quick reference.
5. Signal Lifecycle:
Buy/Sell line continues only for the day.
Cleared at the beginning of a new day.
Signals are only triggered after candle close (barstate.isconfirmed).
6. Indicators:
EMA50 and EMA200 are plotted for trend direction insight.
QT/TD.Den Quarterly Theory QT//Quarterly Theory/OPTD
These Quarters represent:
A - Accumulation (required for a cycle to occur)
M - Manipulation
D - Distribution
X - Reversal/Continuation
The latter are going to always be in this specific sequence; however the cycle can be transposed to have its beginning in X, trivially followed by A, M, and finally D.
This feature is not automatic and at the subjective discretion of the Analyst.
Note: this theory has been developed on Futures, hence its validity and reliability may change depending on the market Time.
This tool does provide a dynamic and auto-adapting aspect to different market types and Times, however they must be seen as experimental.
> Quarterly Cycles
The Quarterly Cycles currently supported are: Yearly, Monthly, Weekly, Daily, 90 Minute, Micro Sessions.
– Yearly Cycle:
Analogously to financial quarters, the year is divided in four sections of three months each
Q1 - January, February, March
Q2 - April, May, June (True Open, April Open)
Q3 - July, August, September
Q4 - October, November, December
Bollinger Bands Indicator80 hr
I have converted your strategy into indicators and added breakout signals:
Upward breakout (blue mark)
Downward breakout (red mark)
This can be used to observe market trends without directly influencing trades. If you need to tweak any details, please let me know!
Volume - Bank Nifty-15min IntradayThis indicator identifies buy and sell signals on a 15-minute intraday Bank Nifty chart, using price and volume. It plots:
One clear buy/sell signal per day.
An accompanying pivot line at a fixed distance (±50 points) from the candle.
Signal text labels with price level.
Intraday-only execution: Each day's signals and lines reset at the day’s end.
✅ Enhanced Daily FVG & Gaps ❌this is an enhanced daily fvg and gaps and it shows previous fvg and gaps if it was successful support or resistance
Nifty AlertsThis indicator will generate alerts for ATM and ITM strike prices when they reach the S4, S2, and R3 levels.
ChanLun AI Upgraded v4.1 - Repaint Control (Final Fixed)Usage Instructions (in English):
Add the Script to TradingView
Open TradingView and go to the “Pine Editor.”
Paste the entire script.
Click “Save” and then “Add to Chart.”
Configure the Inputs
MACD/RSI Parameters: Adjust fastLen, slowLen, signalLen (MACD) and rsiLen (RSI) as needed.
Fractal & ATR Options:
fractalLen: Base length for fractal detection.
useDynamicFractalLen, atrFractalPeriod, atrFractalFactor: Enable and tune the ATR-based dynamic fractal period if desired.
Volume & ATR Filters:
useFractalVolFilter and volFilterFactor: Require volume spikes during fractal confirmation.
useFractalAtrFilter and atrFilterFactor: Check ATR-based volatility for fractal confirmation.
Fractal Merging:
mergeCloseFractals merges nearby fractals.
fractalMergeThresholdPct sets the proximity threshold for merging.
Pen (Zig-Zag) Detection:
minPenDiffPct sets the minimum price move required for a new pen (zig-zag leg).
useAtrForPen, atrPeriodPen, atrFactorPen for ATR-based pen thresholds.
Multi-timeframe Analysis:
higherTF, middleTF, thirdTF can be set to daily, 4h, weekly, or any timeframe for multi-timeframe trend detection.
Check useSecondTF and useThirdTF to enable them.
Indicator Overlays:
showPens, showDebugFractals, showDebugPens to view fractal and pen markers.
showTrendLabel, showBuySellPoints, showHighTFTrend to display trend labels and signals.
KDJ, Bollinger Bands, ADX, CCI, OBV:
Enable and set parameters if you want those signals or filters.
Backtesting or Strategy:
The script is currently an indicator (not a strategy) but includes hooks for buy/sell signals.
Alerts:
alert("背驰信号出现") triggers an alert when divergences (背驰) are detected.
alertcondition(multiTfConfirm, title="多周期强共振", message="...") triggers an alert for multi-timeframe confluence.
Interpretation of the Display
Fractal Markers: Show potential (pending) fractals and confirmed fractals.
Pens (Zig-Zag Lines): Visual zig-zag lines connecting confirmed fractals to illustrate the swing structure.
Support/Resistance Lines: Automatically plot lines when a fractal is confirmed; optional auto-remove if broken.
Divergence (背驰) Detection:
Uses MACD histogram, CVD, and optional volume filters to detect possible divergences.
Customization
Adjust the smoothing methods (SMA, EMA, HMA, Gaussian, Median).
Modify fractal or pen logic to match your personal trading style.
Enable or disable multi-timeframe elements according to your preference.
Always remember to combine indicator signals with your own market analysis and risk management rules.
mian-hua – tribute to blockchain
Date: 2025-04-04
Oat Trade Setup Version 1 2025Oat Trade Setup Version 1
-Trend Following in Down Trend
-Open Short Position in EMA 20 or EMA60 at TF 120
-Last Open Short Position in EMA 89
Run Trend Until Breaking Upon Dow Theory
7-Channel Trend Meter🔥 7-Channel Trend Meter – Your Ultimate Trend Confirmation Tool 💹
The 7-Channel Trend Meter is your all-in-one, no-BS confirmation system that stacks 7 elite indicators into one indicator with 7 powerful easy-to-read visual bars. No more guesswork. No more switching tabs. Just straight-up clarity. Boost your strategy’s win rate and enter with confidence like a beast. 🧠💪
⚙️ What’s Inside The Box?
This trend meter scans 7 high-accuracy indicators to give you rock-solid confirmations:
✅ ADX
✅ DMI
✅ EMA Cross
✅ RSI
✅ Stochastic Oscillator
✅ Supertrend
✅ Volume Delta
🧾 How to Use It:
🟨 Bar 1 – Market Strength Meter:
Light Gold 🟡 → Strong market, trending conditions.
Dark Gold 🟤 → Weakening strength or consolidation – stay sharp.
📊 Bars 2 to 7 – Trend Direction Confirmations:
🟩 Green → Bullish signal. Uptrend likely 🚀
🟥 Red → Bearish signal. Downtrend likely 🔻
💯 Why You’ll Love It:
✅ 7 Confirmations in 1 View – No flipping through charts.
✅ Visual AF – Glance. Spot trend. Done.
✅ Insanely Useful for Entry Confirmation 🔍
✅ Cranks Up Your Win Rate 📈
✅ Perfect for Stocks, Crypto, Forex – You Name It 🌎
🧠 Pro Tip:
When all 7 bars line up in green or red, that’s your cue to load up or sit back – depending on direction. Let this beast do the thinking while you make the moves.
In conclusion: Add the 7-Channel Trend Meter to your setup and stop trading like an average retail trader. Let it confirm what your gut's already screaming.
FREE Bank Nifty-15minScript is designed for analyzing Bank Nifty on a 15-minute chart, focusing on detecting significant Buy and Sell signals using volume data. It also draws visual cues like pivot lines and EMAs to support trading decisions.
✅ Key Points:
Volume Normalization:
Volume is normalized using an HMA-based average.
Pivot Lines:
Buy Signal: Draws a green solid line 50 points above candle high with "BUY @ Pivot" label.
Sell Signal: Draws a red solid line 50 points below candle low with "SELL @ Pivot" label.
Signal Markers:
Green triangle below bar for Buy signal.
Red triangle above bar for Sell signal.
Trend Indicators:
EMA 50 (Blue) and EMA 200 (Orange) plotted for trend confirmation.
