SW Gann Pressure time from tops and bottomsW.D. Gann's trading techniques often emphasized the significance of time in the markets, believing that specific time intervals could influence price movements. Here’s how the 30, 60, 90, 120, 180, and 270 bar intervals relate to Gann's rules:
1. **30 Bars**:
- Gann often viewed shorter time frames as critical for identifying short-term trends. A 30-bar interval can signify minor cycles or potential turning points in price.
2. **60 Bars**:
- This interval is significant as Gann believed in the importance of quarterly cycles. A 60-bar mark could indicate a completion of a two-month cycle, often leading to retracements or reversals.
3. **90 Bars**:
- Gann considered 90 days (or bars) to represent a quarter. This interval can signify a substantial shift in market sentiment or a pivotal point in a longer trend.
4. **120 Bars**:
- The 120-bar mark corresponds to about four months. Gann viewed longer intervals as more significant, often leading to major shifts in market trends.
5. **180 Bars**:
- A 180-bar period relates to a semi-annual cycle, which Gann regarded as critical for major support and resistance levels. Price action around this interval can reveal potential long-term trend reversals.
6. **270 Bars**:
- Gann believed that longer cycles, such as 270 bars (approximately nine months), could indicate significant market phases. This interval may represent major turning points and help identify long-term trends.
### Application in Trading:
- **Identifying Trends**: Traders can use these intervals to spot potential trend reversals or continuations based on Gann’s principles of market cycles.
- **Setting Targets and Stops**: Knowing where these key bars fall can help in setting profit targets and stop-loss orders.
- **Analyzing Market Sentiment**: Price reactions at these intervals can provide insights into market psychology and sentiment shifts.
By marking these intervals on a chart, traders can visually assess when price action aligns with Gann's theories, helping them make more informed trading decisions based on historical patterns and cycles.
Indicatori e strategie
SW Gann DaysGann pressure days, named after the famous trader W.D. Gann, refer to specific days in a trading month that are believed to have significant market influence. These days are identified based on Gann's theories of astrology, geometry, and market cycles. Here’s a general outline of how they might be understood:
1. **Market Cycles**: Gann believed that markets move in cycles and that certain days can have heightened volatility or trend changes. Traders look for specific dates based on historical price movements.
2. **Timing Indicators**: Pressure days often align with key economic reports, earnings announcements, or geopolitical events that can cause price swings.
3. **Mathematical Patterns**: Gann used angles and geometric patterns to predict price movements, with pressure days potentially aligning with these calculations.
4. **Historical Patterns**: Traders analyze past data to identify dates that historically show strong price reactions, using this to predict future behavior.
5. **Astrological Influences**: Some practitioners incorporate astrological elements, believing that celestial events (like full moons or planetary alignments) can impact market psychology.
Traders might use these concepts to make decisions about entering or exiting positions, but it’s important to note that Gann's methods can be complex and are not universally accepted in trading communities.
Forex Relative Strength MatrixTraders often feel uncertain about which Forex pair to open a position with. This indicator is designed to help in that regard.
This indicator was created as described in the book Swing Trading with Heiken Ashi and Stochastics. In the original, the author suggests using it for swing trading. The author recommends applying it to a monthly chart with an 8-period moving average to analyze the context.
The logic of the indicator is to measure the relative strength of each currency by checking if the price of each Forex pair is above or below a chosen moving average. If the price is above the moving average, the base currency is awarded 1 point, indicating strength. If below, it scores 0, indicating weakness. By accumulating points across multiple pairs, the indicator ranks currencies from strongest to weakest, helping traders identify potential pairs for trading.
Trend Identification:
After identifying relative strength, the trader should observe the general trend using a 100-period SMA on 4-hour charts. If the price is above the SMA, the trend is bullish; if below, it is bearish.
Buy Logic:
A buy is triggered when the base currency is strong (price is above the moving average) and the quote currency is weak (price is below the moving average). After identifying the trend direction, the entry is confirmed by a color change in Heiken Ashi candles (from red to green in an uptrend) and a stochastic crossover in the trend’s direction.
Sell Logic:
A sell is triggered when the base currency is weak (price is below the moving average) and the quote currency is strong (price is above the moving average). The sell entry is confirmed by a color change in Heiken Ashi candles (from green to red in a downtrend) and a stochastic crossover aligned with the trend.
Entry Chart:
The entry chart used is the 4-hour chart. The trader should look for entry signals following a pullback in the trend direction, using Heiken Ashi candles. Entry is made when the Heiken Ashi candles change color (from red to green in an uptrend) and there is a smooth crossover of the stochastic indicator in the trend’s direction.
It would also be possible to adapt the indicator for day trading strategies with targets of 1 to 2 days. Here is a recommended setup:
Relative Strength Identification (1-Hour Chart):
Instead of monthly charts, use a 1-hour chart to identify currency strength with a 20-period moving average.
The 20-period moving average on the 1-hour chart captures a balanced view of short- to medium-term direction, covering nearly a day’s worth of trading but with enough sensitivity for day trading.
General Trend (5-Minute Chart with 100 SMA):
On the 5-minute chart, observe the 100-period SMA to identify the general trend direction throughout the day.
Price above the 100 SMA indicates an uptrend, and below indicates a downtrend, confirming the movement in shorter timeframes.
Entry Chart and Signals (5-Minute Chart):
Use the 15-minute chart to look for entry opportunities, focusing on pullbacks in the main trend direction.
Entry Signals: Enter the position when Heiken Ashi candles change color in the trend direction (from red to green in an uptrend) and the stochastic indicator makes a smooth crossover in the trend’s direction.
Hodrick-Prescott Cycle Component (YavuzAkbay)The Hodrick-Prescott Cycle Component indicator in Pine Script™ is an advanced tool that helps traders isolate and analyze the cyclical deviations in asset prices from their underlying trend. This script calculates the cycle component of the price series using the Hodrick-Prescott (HP) filter, allowing traders to observe and interpret the short-term price movements around the long-term trend. By providing two views—Percentage and Price Difference—this indicator gives flexibility in how these cyclical movements are visualized and interpreted.
What This Script Does
This indicator focuses exclusively on the cycle component of the price, which is the deviation of the current price from the long-term trend calculated by the HP filter. This deviation (or "cycle") is what traders analyze for mean-reversion opportunities and overbought/oversold conditions. The script allows users to see this deviation in two ways:
Percentage Difference: Shows the deviation as a percentage of the trend, giving a normalized view of the price’s distance from its trend component.
Price Difference: Shows the deviation in absolute price terms, reflecting how many price units the price is above or below the trend.
How It Works
Trend Component Calculation with the HP Filter: Using the HP filter, the script isolates the trend component of the price. The smoothness of this trend is controlled by the smoothness parameter (λ), which can be adjusted by the user. A higher λ value results in a smoother trend, while a lower λ value makes it more responsive to short-term changes.
Cycle Component Calculation: Percentage Deviation (cycle_pct) calculated as the difference between the current price and the trend, divided by the trend, and then multiplied by 100. This metric shows how far the price deviates from the trend in relative terms. Price Difference (cycle_price) simply the difference between the current price and the trend component, displaying the deviation in absolute price units.
Conditional Plotting: The user can choose to view the cycle component as either a percentage or a price difference by selecting the Display Mode input. The indicator will plot the chosen mode in a separate pane, helping traders focus on the preferred measure of deviation.
How to Use This Indicator
Identify Overbought/Oversold Conditions: When the cycle component deviates significantly from the zero line (shown with a dashed horizontal line), it may indicate overbought or oversold conditions. For instance, a high positive cycle component suggests the price may be overbought relative to the trend, while a large negative cycle suggests potential oversold conditions.
Mean-Reversion Strategy: In mean-reverting markets, traders can use this indicator to spot potential reversal points. For example, if the cycle component shows an extreme deviation from zero, it could signal that the price is likely to revert to the trend. This can help traders with entry and exit points when the asset is expected to correct back toward its trend.
Trend Strength and Cycle Analysis: By comparing the magnitude and duration of deviations, traders can gauge the strength of cycles and assess if a new trend might be forming. If the cycle component remains consistently positive or negative, it may indicate a persistent market bias, even as prices fluctuate around the trend.
Percentage vs. Price Difference Views: Use the Percentage Difference mode to standardize deviations and compare across assets or different timeframes. This is especially helpful when analyzing assets with varying price levels. Use the Price Difference mode when an absolute deviation (price units) is more intuitive for spotting overbought/oversold levels based on the asset’s actual price.
Using with Hodrick-Prescott: You can also use Hodrick-Prescott, another indicator that I have adapted to the Tradingview platform, to see the trend on the chart, and you can also use this indicator to see how far the price is deviating from the trend. This gives you a multifaceted perspective on your trades.
Practical Tips for Traders
Set the Smoothness Parameter (λ): Adjust the λ parameter to match your trading timeframe and asset characteristics. Lower values make the trend more sensitive, which might suit short-term trading, while higher values smooth out the trend for long-term analysis.
Cycle Component as Confirmation: Combine this indicator with other momentum or trend indicators for confirmation of overbought/oversold signals. For example, use the cycle component with RSI or MACD to validate the likelihood of mean-reversion.
Observe Divergences: Divergences between price movements and the cycle component can indicate potential reversals. If the price hits a new high, but the cycle component shows a smaller deviation than previous highs, it could signal a weakening trend.
DMI Delta by 0xjcfOverview
This indicator integrates the Directional Movement Index (DMI), Average Directional Index (ADX), and volume analysis into an Oscillator designed to help traders identify divergence-based trading signals. Unlike typical volume or momentum indicators, this combination provides insight into directional momentum and volume intensity, allowing traders to make well-informed decisions based on multiple facets of market behavior.
Purpose and How Components Work Together
By combining DMI and ADX with volume analysis, this indicator helps traders detect when momentum diverges from price action—a common precursor to potential reversals or significant moves. The ADX filter enhances this by distinguishing trending from range-bound conditions, while volume analysis highlights moments of extreme sentiment, such as solid buying or selling. Together, these elements provide traders with a comprehensive view of market strength, directional bias, and volume surges, which help filter out weaker signals.
Key Features
DMI Delta and Oscillator: The DMI indicator measures directional movement by comparing DI+ and DI- values. This difference (DMI Delta) is calculated and displayed as a histogram, visualizing changes in directional bias. When combined with ADX filtering, this histogram helps traders gauge the strength of momentum and spot directional shifts early. For instance, a rising histogram in a bearish price trend might signal a potential bullish reversal.
Volume Analysis with Extremes: Volume is monitored to reveal when market participation is unusually high, using a customizable multiplier to highlight significant volume spikes. These extreme levels are color-coded directly on the histogram, providing visual cues on whether buying or selling interest is particularly strong. Volume analysis adds depth to the directional insights from DMI, allowing traders to differentiate between regular and powerful moves.
ADX Trending Filter: The ADX component filters trends by measuring the overall strength of a price move, with a default threshold of 25. When ADX is above this level, it suggests that the market is trending strongly, making the DMI Delta readings more reliable. Below this threshold, the market is likely range-bound, cautioning traders that signals might not have as much follow-through.
Using the Indicator in Divergence Strategies
This indicator excels in divergence strategies by highlighting moments when price action diverges from directional momentum. Here’s how it aids in decision-making:
Bullish Divergence: If the price is falling to new lows while the DMI Delta histogram rises, it can indicate weakening bearish momentum and signal a potential price reversal to the upside.
Bearish Divergence: Conversely, if prices are climbing but the DMI Delta histogram falls, it may point to waning bullish momentum, suggesting a bearish reversal.
Visual Cues and Customization
The color-coded output enhances usability:
Bright Green/Red: Extreme volume with strong bullish or bearish signals, often at points of high potential for trend continuation or reversal.
Green/Red Shades: These shades reflect trending conditions (bullish or bearish) based on ADX, factoring in volume. Green signals a bullish trend, and red is a bearish trend.
Blue/Orange Shades: Indicates non-trending or weaker conditions, suggesting a more cautious approach in range-bound markets.
Customizable for Diverse Trading Styles
This indicator allows users to adjust settings like the ADX threshold and volume multiplier to optimize performance for various timeframes and strategies. Whether a trader prefers swing trading or intraday scalping, these parameters enable fine-tuning to enhance signal reliability across different market contexts.
Practical Usage Tips
Entry and Exit Signals: Use this indicator in conjunction with price action. Divergences between the price and DMI Delta histogram can reinforce entry or exit decisions.
Adjust Thresholds: Based on backtesting, customize the ADX Trending Threshold and Volume Multiplier to ensure optimal performance on different timeframes or trading styles.
In summary, this indicator is tailored for traders seeking a multi-dimensional approach to market analysis. It blends momentum, trend strength, and volume insights to support divergence-based strategies, helping traders confidently make informed decisions. Remember to validate signals through backtesting and use it alongside price action for the best results.
Fair Value Gap Oscillator | Flux Charts💎 GENERAL OVERVIEW
Introducing the new Fair Value Gap Oscillator (FVG Oscillator) indicator! This unique indicator identifies and tracks Fair Value Gaps (FVGs) in price action, presenting them in an oscillator format to reveal market momentum based on FVG strength. It highlights bullish and bearish FVGs while enabling traders to adjust detection sensitivity and apply volume and ATR-based filters for more precise setups. For more information about the process, check the "📌 HOW DOES IT WORK" section.
Features of the new FVG Oscillator:
Fully Customizable FVG Detection
An Oscillator Approach To FVGs
Divergence Markers For Potential Reversals
Alerts For Divergence Labels
Customizable Styling
📌 HOW DOES IT WORK?
Fair Value Gaps are price gaps within bars that indicate inefficiencies, often filled as the market retraces. The FVG Oscillator scans historical bars to identify these gaps, then filters them based on ATR or volume. Each FVG is marked as bullish or bearish according to the trend direction that preceded its formation.
An oscillator is calculated using recent FVGs with this formula :
1. The Oscillator starts as 0.
2. When a new FVG Appears, it contributes (FVG Width / ATR) to the oscillator of the corresponding type.
3. Each confirmed bar, the oscillator is recalculated as OSC = OSC * (1 - Decay Coefficient)
The oscillator aggregates and decays past FVGs, allowing recent FVG activity to dominate the signal. This approach emphasizes current market momentum, with oscillations moving bullish or bearish based on FVG intensity. Divergences are marked where FVG oscillations suggest potential reversals. Bullish Divergence conditions are as follows :
1. The current candlestick low must be the lowest of last 25 bars.
2. Net Oscillator (Shown in gray line by default) must be > 0.
3. The current Bullish FVG Oscillator value should be no more than 0.1 below the highest value from the last 25 bars.
Traders can use divergence signals to get an idea of potential reversals, and use the Net FVG Oscillator as a trend following marker.
🚩 UNIQUENESS
The Fair Value Gap Oscillator stands out by converting FVG activity into an oscillator format, providing a momentum-based visualization of FVGs that reveals market sentiment dynamically. Unlike traditional indicators that statically mark FVG zones, the oscillator decays older FVGs over time, showing only the most recent, relevant activity. This approach allows for real-time insight into market conditions and potential reversals based on oscillating FVG strength, making it both intuitive and powerful for momentum trading.
Another unique feature is the combination of customizable ATR and volume filters, letting traders adapt the indicator to match their strategy and market type. You can also set-up alerts for bullish & bearish divergences.
⚙️ SETTINGS
1. General Configuration
Decay Coefficient -> The decay coefficient for oscillators. Increasing this setting will result in oscillators giving the weight to recent FVGs, while decreasing it will distribute the weight equally to the past and recent FVGs.
2. Fair Value Gaps
Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.
Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.
FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.
Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs.
3. Style
Divergence Labels On -> You can switch divergence labels to show up on the chart or the oscillator plot.
Custom Fibonacci StrategyCustom Fibonacci Strategy:
This strategy relies on analyzing Fibonacci levels to identify entry points for trades. It works by identifying peaks and troughs over a specified time period (50 bars in this code). Here are the steps of the strategy:
Identifying Peaks and Troughs:
The highest peak and lowest trough over the last 50 bars are identified.
If the price exceeds the previous peak, it is considered a break of the peak.
If the price falls below the previous trough after breaking the peak, it is considered a break of the trough.
Calculating Fibonacci Levels:
The 50% level (midway point) between the identified peak and trough is calculated.
Buy Signals:
When a trough is broken, and the price trades at or below the 50% level, the risk-to-reward ratio is evaluated.
If the risk-to-reward ratio is greater than or equal to 2, a buy signal is generated.
Displaying Levels:
Horizontal lines are displayed on the chart to illustrate the peak, trough, and Fibonacci level.
Summary
This strategy provides a systematic approach to trading based on Fibonacci retracement levels and price action, allowing traders to make informed decisions about entry points and manage risk effectively.
Ultimate Multi Indicator - by SachaThe Ultimate Multi Indicator: The Ultimate Guide To Profit
This custom indicator, the Ultimate Multi Indicator , integrates multiple trading indicators to have powerful buy and sell signals. I combined MACD, EMA, RSI, Bollinger Bands, Volume Profile, and Ichimoku Cloud indicators to help traders analyze both short-term and long-term price movements.
Key Components and How to Use Them
- MACD (Moving Average Convergence Divergence):
- Use for trend direction and potentiality of reversals.
- The blue line (MACD Line) crossing above the orange line (Signal Line) indicates a bullish reversal; the opposite signals a bearish reversal.
- Watch for crossovers to confirm the direction of smaller price movements.
- 200 EMA (Long) (Exponential Moving Average):
- Use to indicate a long-term trend direction.
- If the price is above the 200 EMA, the market is in an uptrend; below it suggests a downtrend.
- The chart’s background color shifts subtly green (uptrend) or red (downtrend) depending on the EMA's relative position.
- RSI (Relative Strength Index):
- Tracks momentum and overbought/oversold levels.
- RSI over 70 signifies overbought conditions; under 30 indicates oversold.
- Look for RSI turning points around these levels to identify potential reversals.
- Bollinger Bands :
- The price touching or crossing the upper Bollinger Band may mean overbought conditions are filled, while a touch at the lower band indicates oversold.
- Bollinger Band interactions often align with key reversal points, especially when combined with other signals.
- Volume Profile :
- A yellow VP line on the chart represents significant trading volume occurred.
- This line can be used as both a support and resistance level, and especially during consolidations or trend changes.
- Ichimoku Cloud :
- Identifies support/resistance levels and trend direction.
- Green and red cloud regions visually show if the price is above (bullish) or below (bearish) key levels.
- Price above the cloud (green) confirms a bullish market, while below (red) signals bearish.
Signal Conditions and Visualization
- Buy Signals :
- This is triggered right away when MACD crosses up, RSI is oversold, or price touches the lower Bollinger Band, provided price is above both the Ichimoku Cloud and the 200 EMA.
- A green “BUY” label appears below the bar, suggesting a potential entry.
- Sell Signals :
- This signal is generated when MACD crosses down, RSI is overbought, or price touches the upper Bollinger Band, and price is below the Ichimoku Cloud and the 200 EMA.
- A red “SELL” label is shown above the bar, indicating a potential exit.
Tips & Tricks
- Confirm Signals : Use multiple signals to confirm entries and exits. For example, if both the MACD and RSI align with the Ichimoku Cloud direction, the trade setup is stronger.
- Trend Directions : Only take buy signals if the price is above the 200 EMA, and sell signals if it is below, aligning trades with the overall trend.
- Adjust for Volatility : In high-volatility markets, especially in the crypto markets, pay close attention to the Bollinger Bands for breakout potential.
- Ichimoku as a Trend Guide : Use the Ichimoku Cloud as a guide for long-term support and resistance levels, especially for swing trades.
This multi-layered indicator gives a balanced blend of short-term signals and long-term trend insights, making it a versatile tool for day trading, swing trading, or even longer-term analysis.
Remember that indicators that will make you rich instantly don't exist. To expect minimum profit from them, you shouldn't trade all you have at the same time but only trade with the money you can afford to lose.
After that being said, I wish you traders luck with the Ultimate Multi Indicator!
First 1-Minute Candle High/Low After Specific TimeDescription:
This indicator captures and marks the high and low of the first 1-minute candle after a specified time (default: 9:30 AM) and tracks the highs and lows of the first five candles. The levels marked by these initial candles are often critical in determining early session support and resistance, providing a visual guide for traders monitoring price action in the opening minutes of a trading session.
Key Features and Usage
1-Minute Candle High/Low: The indicator captures the high and low of the first 1-minute candle after the specified session start time. This level is marked with horizontal lines and labels, providing traders with an immediate reference for early-session price extremes.
5-Candle Range High/Low: After the first five candles, the indicator also highlights the highest and lowest levels within this range, offering additional support/resistance lines to aid in understanding early price movements.
Custom Labels and Dynamic Line Extension:
Labels update dynamically and display whether the 1-minute high/low coincides with the 5-minute range high/low, combining these labels if they match.
Horizontal lines extend to the current bar to remain visible throughout the session for consistent reference.
Customization Options
Colors and Label Text: Users can adjust colors for the 1-minute and 5-minute high/low lines and the label text for optimal readability.
Label Position Offset: Labels are placed slightly above or below their respective lines to avoid overlap with price action, maintaining clarity on the chart.
Intended Use
This indicator is especially useful for intraday traders focusing on opening range breakout strategies, scalping, or short-term trend analysis. It is intended for use on intraday charts (such as 1-minute or 5-minute intervals) and provides straightforward levels to assess early market structure.
Technical Details
Customization of Start Time: Users can change the default start time to any desired session opening time, adapting it to various markets or trading sessions.
Dynamic Line and Label Updates: Both lines and labels dynamically extend with the chart, while labels remain easy to read as they shift based on recent price action.
This script is designed to be simple yet powerful, offering key insights into session open levels without relying on predictive or lookahead features. It is useful for real-time analysis and adds value by helping traders identify critical levels in the market's early stages.
Engulfing Pattern & Impulse [UAlgo]The Engulfing Pattern & Impulse is a tool designed for technical traders who utilize price action and volume analysis to assess market trends and potential reversals. This indicator identifies two powerful trading signals: Engulfing Patterns and Volume Impulses, which are essential components for evaluating potential bullish or bearish market momentum.
Engulfing Patterns are classic candlestick formations often associated with reversals or trend continuations, depending on the overall trend context. This indicator highlights both bullish and bearish engulfing patterns based on configurable criteria such as trend detection settings, comparison with average body size, and a customizable body multiplier for validation. The Volume Impulse feature signals moments of significant volume compared to historical levels, which often precede substantial price movements. Together, these features provide traders with a versatile tool for better timing entry and exit points.
The indicator also offers an adaptive trend detection system, allowing traders to choose from multiple methods (e.g., SMA50 or SMA50/SMA200 combinations) to assess the trend context, making it ideal for various market conditions.
🔶Key Features
Engulfing Pattern Detection: Identifies bullish and bearish engulfing patterns with customizable parameters, including body length and average size comparison.
Configurable trend basis: Choose between SMA50 or SMA50 with SMA200 to define trend direction.
Body size multiplier: Adjust the size threshold for valid engulfing patterns, providing flexibility based on market conditions.
Volume Impulse Signal: Highlights volume spikes that meet or exceed a specified multiplier, which can indicate increased buying or selling interest.
Customizable volume period and multiplier: Allows you to tailor the volume impulse detection based on the instrument’s average volume behavior.
Trend Detection Options: Select different trend detection methods to suit various trading styles and instruments.
SMA50-based detection: Classifies the trend based on the position of price relative to the 50-period SMA.
SMA50 and SMA200 combination: Incorporates a dual-moving average approach, classifying trends based on the relationship between price, SMA50, and SMA200.
Enhanced Visualization: Distinguishes bullish and bearish signals with customizable colors, providing clear and immediate visual cues for easy interpretation.
Custom label colors: Allows you to set distinct colors for bullish, bearish, and neutral signals for quick identification.
Pattern filtering: Enable or disable specific patterns (Bullish, Bearish, or Both) based on your trading preferences.
🔶 Interpreting Indicator
Bullish Engulfing Pattern: Indicates a potential bullish reversal in a downtrend. This signal occurs when a white candlestick with a body size exceeding a specified multiplier completely engulfs the previous black candlestick. The pattern will display a “BE” label below the candle if it meets the criteria, signaling potential upward momentum.
Bearish Engulfing Pattern: Indicates a potential bearish reversal in an uptrend. A black candlestick with a body size exceeding the specified multiplier fully engulfs the previous white candlestick, signaling possible downward movement. The “BE” label appears above the candle to denote this pattern.
Volume Impulse Up: Displays a “VI” label below the candle when the volume surpasses the defined multiplier, and the price closes higher than it opened, indicating strong upward buying interest.
Volume Impulse Down: Displays a “VI” label above the candle when the volume meets or exceeds the specified threshold, and the price closes lower than it opened, signaling strong selling pressure.
Indicator uses the SMA50 and SMA200 to determine trend direction due to their popularity in technical analysis as indicators of medium- and long-term trends. The SMA50 reflects the average price over the past 50 periods, providing insight into intermediate trends, while the SMA200 is often used to identify the broader trend direction. These SMAs help traders quickly assess whether the market is in an uptrend, downtrend, or consolidation phase, enhancing decision-making for both short-term and long-term strategies.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
J Lines EMA + VWAPThe EMA + VWAP indicator combines the power of Exponential Moving Averages (EMA) with the Volume Weighted Average Price (VWAP) to help traders spot trends, identify potential entries/exits, and understand market momentum with ease. This dual-purpose tool is designed to give both beginner and experienced traders a clear view of price direction and volume influence, whether for day trading or swing trading.
Key Features:
Dynamic EMA Lines:
Six customizable moving averages (EMA by default) adapt to your selected timeframe. EMAs help track trend direction and strength, with various colors and opacity settings that visually separate them for clarity.
VWAP Tracking: A standalone VWAP line (blue) shows the average trading price adjusted for volume, making it ideal for pinpointing significant price levels where institutional interest often lies.
EMA Ribbons for Trend Confirmation: Soft-colored ribbons are placed between EMA pairs to make the trend strength visually apparent, with different color fills between lines. This makes it easy to gauge bullish or bearish conditions at a glance.
Flexible MA Options: Besides EMA, you can choose from SMA, WMA, HMA, and RMA, allowing you to adapt the indicator to various trading strategies.
This tool simplifies trend-following and volume-based analysis by giving you insight into both price momentum and market participation levels. EMAs adapt to volatility and changing market conditions, while the VWAP keeps you aware of critical price zones based on trading volume. Together, these help you stay on the right side of the market, avoid false breakouts, and make informed decisions on when to enter or exit trades.
Ideal for beginners due to its visual clarity and flexible enough for seasoned traders, EMA + VWAP is your go-to indicator for a structured approach to market trends.
Trend Counter [BigBeluga]The Trend Counter indicator is designed to help traders identify trend conditions and potential reversals by counting the number of bars within a specified period that are above or below an average price level. By smoothing and averaging these counts, the indicator provides a clear visual representation of market trends and highlights key trend changes.
Key Features:
⦾ Trend Counting:
Counts bars above and below average price levels over a specified period.
Smooths and rounds the count for better visualization.
// Count bars over length period above highest and lowest avg with offset loop
float mid = math.avg(ta.highest(length), ta.lowest(length))
for offset = 0 to length -1
switch
hl2 > mid => counter += 1.0
=> counter := 0.0
// Smooth Count and Round
counter := math.round(ta.ema(counter > 400 ? 400 : counter, smooth))
// Count Avg
count.push(counter)
avg = math.round(count.avg())
⦿ Color Indication:
Uses gradient colors to indicate the strength of the trend.
Colors the background based on trend strength for easier interpretation.
⦿ Trend Signals:
Provides visual cues for trend changes based on the counter crossing predefined levels.
⦿ Potential Tops:
Identifies potential market tops using a specified length and highlights these levels.
⦿ Additional Features:
Displays Trend Counter value with arrows to indicate the direction of the trend movement.
Displays average trend count and level for reference.
⦿ User Inputs Description
Length: Defines the period over which the trend counting is performed.
Trend Counter Smooth: Specifies the smoothing period for the trend counter.
Level: Sets the threshold level for trend signals.
Main Color: Determines the primary color for trend indication.
The Trend Counter indicator is a powerful tool for traders seeking to identify and visualize market trends.
By counting and smoothing price bars above and below average levels, it provides clear and intuitive signals for trend strength and potential reversals.
With customizable parameters and visual cues, the Trend Counter enhances trend analysis and decision-making for traders of all levels.
Vertical Line on Custom DateThis Pine Script code creates a custom indicator for TradingView that draws a vertical line on the chart at a specific date and time defined by the user.
User Input: Allows the user to specify the day, hour, and minute when the vertical line should appear.
Vertical Line Drawing: When the current date and time match the user’s inputs, a vertical line is drawn on the chart at the corresponding bar, offset by one bar to align properly.
Customizable Color and Width: The vertical line is displayed in purple with a customizable width.
Overall, this indicator helps traders visually mark important dates and times on their price charts.
Options Series - Technical Analysis Chart➤ Simple Technical Chart Only:
➤ With MA-20 Overlay and Volatility background bars:
➤ With RSI Candles:
⭐ Overview and How It Works:
This script provides a multi-asset analysis tool to assess various market conditions across four symbols simultaneously. It combines several indicators such as daily price change, Moving Averages (MA), Bollinger Bands (BB), Parabolic SAR, RSI, and VWAP to generate buy/sell signals and trend indicators. Its strength lies in the layered use of indicators to enhance signal reliability, making it valuable for traders needing cross-validation in decision-making.
⭐ Key Features and Functionality:
The script evaluates each symbol's price against various indicators and conditions:
Daily Price Conditions: It checks if each symbol’s close price is above or below the previous day’s open, close, and intra-day ranges, forming a foundational bullish/bearish condition.
Range Breakout 1st 5min Candle (ORB): Opening Range Breakout levels are calculated and compared with current close prices, detecting breakout/breakdown conditions.
ORB Body: This basically calculates the previous day Daily candle body size, if todays Daily candle body size is greater than previous day, then we can say that we are having good momentum else its likely to be in-sidebar trading.
Moving Averages (MA): It leverages EMA-20, 2-day, and 3-day exponential moving averages to gauge short to medium-term trends.
RSI and VWAP: Relative Strength Index (RSI) determines overbought or oversold conditions, while VWAP compares prices to volume-weighted levels.
Bollinger Bands and Trend Analysis: Detects volatility and potential breakout conditions.
Concept of ORB Body:
Current_PrevDay_Body = (math.max(var_Current_PrevD_Open, var_Current_PrevD_Close) - math.min(var_Current_PrevD_Open, var_Current_PrevD_Close))
Current_Upper_ORB = var_Current_D_Open + Current_PrevDay_Body
Current_Lower_ORB = var_Current_D_Open - Current_PrevDay_Body
Current_TodayDay_Body = math.max(var_Current_D_Open, var_Current_Close) - math.min(var_Current_D_Open, var_Current_Close)
Current_ORBBody = Current_TodayDay_Body > Current_PrevDay_Body
Current_Upper_ORB_bull = (var_Current_Close > Current_Upper_ORB)
Current_Lower_ORB_bear = (var_Current_Close < Current_Lower_ORB)
🎨 Visualizations and User Experience:
The script can dynamically display colored backgrounds indicating trends when conditions are met. For example, the bgcolor function changes the background when certain trend-based criteria are satisfied, offering visual cues to users. Additionally, the checkbox input toggles trend bar visualizations, enhancing user experience by providing a quick visual reference without needing to interpret individual data points manually.
RSI-Based Candle Coloring:
➤ The script customizes candle colors based on RSI thresholds, specifically defining upper (60) and lower (40) RSI levels. When the RSI value exceeds the upper threshold, candles are colored as bullish (green), and if it falls below the lower threshold, candles are colored as bearish (red). Neutral RSI values result in a default color (gray).
➤ This setup offers a visually intuitive way to identify potential trend directions based on RSI levels, making it ideal for traders looking to gauge momentum visually.
⭐ Settings and Customization:
With multiple user-configurable inputs, the script allows for tailored analysis. Customizable parameters, such as enabling/disabling trend bars and setting various look-back periods for indicators like Bollinger Bands and Moving Averages, make it adaptable to various trading styles and preferences. It also allows users to modify visual elements like colors and styles, improving flexibility.
⭐ Uniqueness of the Concept:
The unique aspect of this script is its multi-symbol approach combined with complex conditions. By comparing not only one but four symbols simultaneously, it provides a broader market view and allows traders to correlate signals across different assets, offering a potential edge for diversified or comparative strategies. Additionally, the incorporation of ORB and multi-timeframe MAs gives it a robustness often lacking in simpler single-symbol scripts.
🚀 Conclusion:
This script is a powerful multi-indicator tool suited for traders looking for a comparative, multi-symbol analysis. With features like ORB, Bollinger Band-based trend detection, and MA cross-verification, it can assist traders in identifying and validating trend signals across assets. The user-friendly visualizations and customizable settings further enhance its usability, making it versatile for various trading strategies and preferences.
Reversed Choppiness Index with Donchian Channels and SMAIn the chaotic world of trading, where every tick can lead to joy or despair, traders yearn for clarity amid the noise. They crave a mechanism that not only reveals the underlying market trends but also navigates the turbulent waters of volatility with grace. Enter the Reversed Choppiness Index with Donchian Channels and SMA Smoothing—a sophisticated tool crafted for those who refuse to be swayed by the whims of market noise.
This innovative script harnesses the power of the Choppiness Index, flipping it on its head to unveil the true direction of price movement. Choppiness, in its traditional form, indicates when the market is stuck in a sideways range, characterized by erratic price movements that can leave traders bewildered. High choppiness often signals confusion in the market, where prices oscillate without a clear trend, leading to potential losses. Conversely, low choppiness suggests a trending market, whether bullish or bearish, where trades can yield consistent profits. By reversing the Choppiness Index, this tool highlights lower choppiness levels as opportunities for selling when the market shows stability and momentum—perfect for traders looking to enter or exit positions with confidence.
The Donchian Channels serve as reliable markers, defining the boundaries of price action and helping to paint a clearer picture of market dynamics. Traders should look for breakouts from these channels, which may indicate a significant shift in momentum. When the Reversed Choppiness Index trends lower while price breaks above the upper Donchian Band, it may signal a strong buying opportunity, while a rise in choppiness alongside price dipping below the lower band can indicate a potential selling point.
But that's not all—this tool features a dual-layer of smoothing through two distinct Simple Moving Averages (SMAs). The first SMA gently caresses the Reversed Choppiness Index, softening its edges to reveal the underlying trends. The second SMA adds an extra layer of finesse, ensuring traders can spot significant changes with less noise interference.
In a landscape filled with fleeting opportunities and unpredictable swings, this script stands as a beacon of stability. It allows traders to focus on what truly matters—seizing profitable moments without getting caught in the crossfire of volatility. By understanding the dynamics of choppiness through this reversed lens, traders can more effectively navigate their strategies, capitalizing on clearer signals while avoiding the pitfalls of market noise. Embrace this tool and transform the way you trade; the market's whispers will no longer drown out your strategies, paving the way for informed decisions and greater success.
Earning, Sales, and PriceThis Pine Script indicator is designed to visualize and analyze the growth of Earnings Per Share (EPS) and Sales for a given stock over specified time periods. With a user-friendly interface, it allows traders and investors to monitor key financial metrics, helping them make informed decisions based on company performance.
The script presents earnings, sales, and price growth in a clear tabular format directly on the price chart. It features two distinct tables: one for annual data and another for quarterly metrics. For each financial metric, the script calculates and displays growth figures by comparing the current results with either the previous quarter's numbers or the previous year's figures. Additionally, it showcases the stock price along with the corresponding growth between these two data points, providing a comprehensive view of the stock's performance over time.
How to Use:
Typically, growth stocks will rally for a few quarters. However, after significant rallies, the stock needs rest. During this period, the stock will either consolidate or slide down slowly to take support at the key moving average. Importantly, during this time, sales and earnings may continue to grow while the stock is still consolidating.
Typically, after the stock consolidates significantly—even when sales and earnings numbers are increasing—the stock will finally start the next leg of the rally just before the next earnings date or immediately after the earnings report.
For this purpose, the script shows the EPS and sales growth. Additionally, the script displays the price when the previous earnings were declared along with the price growth. This data can be used to find patterns in the stock's behavior. Utilize this indicator to analyze growth patterns and make informed trading decisions based on historical performance and upcoming earnings expectations.
Key Metrics Analyzed:
Earnings Per Share (EPS): Monitors the diluted earnings per share to evaluate company profitability.
Total Revenue: Analyzes sales performance, providing insights into overall revenue generation.
Price Growth: Tracks changes in stock price alongside EPS and sales for comprehensive performance assessment.
Usage:
Ideal for investors and traders looking to evaluate company growth potential and make data-driven decisions.
Use in conjunction with other technical analysis tools for a holistic approach to stock analysis.
Dual price forecast with Projection Zone [FXSMARTLAB]The Dual Price Forecast with Projection Zone indicator is built to simulate potential future price paths based on historical price movements over two defined lookback periods. By running multiple trials (or simulations) on these historical price movements, the indicator achieves a more robust forecast, incorporating the inherent variability of price behavior.
Key Components and Calculation Details
1. Lookback Periods and Historical Price Movements
Lookback Period 1 and Lookback Period 2 specify the range of past data used to generate each projection. For each period, the indicator calculates the price variations (differences between the closing and opening prices) and stores these in arrays.
These historical price variations capture the volatility and price patterns within each period, serving as templates for future price behavior.
2. Trials: Purpose and Function
The trials are a critical element in the projection calculation. Each trial represents a single simulation of possible future price movements, derived from a random reordering of the historical price variations in each lookback period.
By running multiple trials , the indicator explores various sequences of historical movements, simulating different possible future paths. Each trial adds to the projection’s robustness by capturing a unique potential price path based on past behavior.
Running these multiple trials allows the indicator to account for randomness in price behavior, making the projections more comprehensive by covering a range of scenarios rather than relying on a single deterministic forecast.
3. Reverse Option
The reverse option allows the indicator to invert the direction of price movements within each lookback period. When enabled, historical uptrends are treated as downtrends, and vice versa.
This feature is particularly valuable in scenarios where traders expect a potential reversal in market direction. By enabling the reverse option, the indicator can simulate what might happen if past trends inverted, providing an alternative forecast path that considers possible market reversals.
This allows traders to assess both continuation and reversal scenarios, giving them a more balanced view of potential future price paths and helping them prepare for either market direction.
4. Generating the Average Projection Path
Once the trials are complete, the indicator calculates an average projected price path for each lookback period by averaging the results of all trials. This average represents the most likely price trend based on historical data and provides a smoothed projection that mitigates extreme outliers.
By averaging across all trial paths, the indicator generates a more reliable and balanced forecast line, smoothing out the fluctuations that might appear if only one trial or a small number of trials were used.
5. Projection Zone Visualization
The indicator plots the two average projection paths (one for each lookback period) as Projection 1 and Projection 2, each in a user-defined color.
The Projection Zone is the area between these two lines, filled with a semi-transparent color. This zone visually represents the potential range of future price movement, highlighting where prices are likely to oscillate if historical trends persist.
The Projection Zone effectively functions as a potential support and resistance boundary, providing traders with a visual reference for possible price fluctuations within a specific range.
6. Display of Lookback Zones
To give context to the projections, the indicator can also display colored lookback zones on the chart. These zones correspond to Lookback Period 1 and Lookback Period 2 and are color-coded to match their respective projection lines.
These zones allow traders to see the sections of historical data used in the calculation, helping them understand which past price behaviors influenced the current projections.
Benefits of the Indicator
The "Dual Price Forecast with Projection Zone" indicator provides a multi-scenario forecast based on past price dynamics. Its use of trials ensures that projections are not based on a single deterministic path but on a range of possible scenarios that better reflect the inherent randomness in financial markets.
By generating a probabilistic forecast within a defined zone, the indicator helps traders to:
Anticipate potential price ranges and areas of support/resistance based on historical trends.
Understand the influence of different timeframes (short-term and long-term lookbacks) on future price behavior.
Make informed decisions by visualizing the likely variability of future prices within a controlled projection zone.
Prepare for both continuation and reversal scenarios, thanks to the reverse option. This feature is especially useful in markets where trends may change direction, as it allows traders to explore what might happen
Intraday buy and sell indicator for stock and optionsThis powerful intraday trading indicator leverages two key crossovers for buy and sell signals, optimized for stocks and options trading:
EMA9 Crossover: The 9-period Exponential Moving Average (EMA9) responds quickly to price changes, making it ideal for capturing short-term momentum shifts. A bullish signal is generated when the stock price crosses above the EMA9, indicating a potential upward trend, while a bearish signal occurs when the price crosses below, signaling a potential reversal.
VWMA Crossover Confirmation: The Volume-Weighted Moving Average (VWMA) provides further confirmation of trend direction by integrating volume data. When the VWMA aligns with EMA9 (price crosses above both for buy or below for sell), the signals are validated, increasing the probability of a successful trade.
How It Works:
Buy Signal: Generated when the stock price crosses above EMA9 and VWMA in unison, indicating strong bullish momentum.
Sell Signal: Generated when the stock price crosses below EMA9 and VWMA, signaling potential bearish momentum.
This indicator is designed to provide high-quality entry and exit points for intraday trades, filtering out weaker signals and reducing whipsaws. It’s ideal for active traders seeking a strategic edge by combining price action with volume confirmation for higher probability trades.
Liquidity Squeeze Indicator 1The provided Pine Script code implements a "Liquidity Squeeze Indicator" in TradingView, designed to detect potential bullish or bearish market squeezes based on EMA slopes, candle wicks, and body sizes.
Code Breakdown
EMAs Calculation: Calculates the 21-period (ema_21) and 50-period (ema_50) exponential moving averages (EMAs) on closing prices.
EMA Slope Calculation: Computes the slope of the 21-period EMA over a 21-period lookback to estimate trend direction, with a threshold of 0.45 to approximate a 45-degree angle.
Candle Properties: Measures the size of the candle's body and its upper and lower wicks for comparison to detect wick-to-body ratios.
Trend Identification: Defines a bullish trend when ema_21 is above ema_50 and a bearish trend when ema_21 is below ema_50.
Wick Conditions
Bullish Condition : In a bullish trend with the EMA slope up, checks if the upper wick is at least 3x the body size and the closing price is above the 21 EMA.
Bearish Condition: In a bearish trend with the EMA slope down, checks if the lower wick is at least 3x the body size and the closing price is below the 21 EMA.
Signal Plotting: Plots a green dot above the bar for bullish signals and a red dot below the bar for bearish signals.
Alerts: Defines alert conditions for both bullish and bearish signals, providing specific alert messages when conditions are met.
Summary
This indicator helps identify potential bullish or bearish liquidity squeezes by looking at trends, EMA slopes, and wick-to-body ratios in candlesticks. The primary signals are visualized through dots on the chart and can trigger alerts for notable market conditions.
Entropy-Based Adaptive SuperTrendOverview:
Introducing the Entropy-Based Adaptive SuperTrend – a groundbreaking trading indicator designed to adapt dynamically to market conditions using market entropy. This enhanced SuperTrend indicator adjusts its sensitivity according to the level of chaos (or order) in price movements, providing more stable signals during volatile periods and more responsive signals when the market becomes orderly.
Key Features:
Entropy-Adaptive Mechanism: By incorporating an entropy measure, this indicator estimates the degree of unpredictability in the market. During high entropy periods (more chaotic), signals are made less sensitive, while during low entropy periods, the indicator reacts more quickly to price changes.
Adaptive ATR Multiplier: Unlike traditional SuperTrend indicators that use a fixed ATR multiplier, this version calculates a dynamic ATR multiplier based on the entropy score, ensuring more flexibility and adaptability in setting stop levels.
Visual Clarity: The indicator is overlayed on the price chart with customizable visual elements. The bullish and bearish trends are color-coded for ease of use, and optional entry signals ("L" for long and "S" for short) are plotted to clearly mark potential entry opportunities.
Alerts for Key Opportunities : Never miss an opportunity with built-in alerts for buy and sell signals. Traders can easily configure these alerts to be notified instantly when market conditions trigger a new trend.
How It Works:
Entropy Calculation: The entropy of the price data is calculated over a user-defined period, giving an indication of the degree of randomness in the price movements. The result is then smoothed to reduce noise and create a meaningful trend indication.
Dynamic ATR Adjustment: The ATR (Average True Range) multiplier, which controls the distance of the trailing stop, is adjusted based on the entropy score. This allows the SuperTrend line to widen in chaotic times, reducing false signals, while tightening in orderly times, allowing quicker trend captures.
Parameters Explained:
Entropy Settings: Control the sensitivity of entropy calculations, including the look-back period, number of bins for price distribution, and smoothing length.
Adaptive Settings: Adjust how the indicator adapts to different levels of entropy, including the adaptation period and the filtering weight.
SuperTrend Settings : Customize the ATR period and the dynamic multiplier range to fine-tune the trailing stops for your trading style.
Visual Settings: Choose your preferred colors for bullish and bearish trends, and decide if you want the entry labels displayed directly on the chart.
Use Cases:
Swing Traders can utilize the indicator to capture trend reversals while filtering out the noise during high entropy periods.
Intraday Traders can adapt the settings for shorter time frames to benefit from dynamic adjustments that reduce overtrading and false signals.
Risk Management: The entropy-based adaptive feature provides an edge in risk management by reducing sensitivity during times of increased chaos, thus helping to limit unnecessary trades.
How to Use It:
Look for entry labels ("L" for long, "S" for short) to identify potential opportunities.
Use the color-coded trendlines to determine market bias: greenish hue for bullish trends, reddish hue for bearish trends.
Customize the input settings to align with your preferred market timeframe and risk profile.
Alerts & Notifications:
Built-in alerts notify you of significant trend changes. Simply enable these alerts to receive updates when a new long or short opportunity is detected, helping you stay ahead without needing to watch the screen constantly.
Customization Tips:
Longer Timeframes : Increase the Entropy Period to better capture macro trends in high timeframe charts.
Higher Volatility Markets: Increase the ATR Max Multiplier to ensure stops are set farther away during high entropy.
Lower Volatility Markets: Use a lower ATR Base Multiplier and tighter entropy thresholds to capture rapid price movements.
Final Thoughts:
The Entropy-Based Adaptive SuperTrend indicator merges traditional trend-following logic with an adaptive mechanism driven by market entropy, aiming to address the challenges of whipsaws and false signals common in conventional SuperTrend setups. This indicator offers an intelligent and flexible way to track market trends, suitable for both beginners and experienced trade
Smart Ribbon V2 [FXSMARTLAB]The Smart Ribbon V2 indicator is designed to analyze market trends and momentum by plotting a series of moving averages with varying periods, all within a single overlay on the price chart. This approach creates a "ribbon" effect, enabling traders to visualize trend strength, reversals, and potential entry or exit points. The indicator provides flexibility through different moving average types, including some advanced ones like QUEMA (Quadruple Exponential Moving Average) and QuintEMA (Quintuple Exponential Moving Average). Each moving average is color-coded to indicate trend direction and momentum, making it visually intuitive and effective for quick decision-making in trend-following strategies.
The Smart Ribbon V2 helps traders:
Identify Trend Direction
Gauge Momentum
Spot Trend Reversals
Determine Entry and Exit Points
Detailed Explanation of QUEMA and QuintEMA
The QUEMA (Quadruple Exponential Moving Average) and QuintEMA (Quintuple Exponential Moving Average) are advanced smoothing techniques that build on traditional exponential moving averages (EMAs). Both offer higher sensitivity to recent price changes than standard EMAs by adding layers of exponential smoothing. These moving averages are particularly useful for traders looking for a more responsive indicator without the noise often present in shorter-period EMAs.
QUEMA (Quadruple Exponential Moving Average)
The QUEMA is calculated by applying the EMA calculation four times in succession. This method smooths out fluctuations in the price data, creating a balance between sensitivity to recent data and resistance to short-term noise.
The mathematical formula for QUEMA is:
QUEMA=4×EMA1−6×EMA2+4×EMA3−EMA4
This formula results in a moving average that is smoother than a triple EMA (TEMA) and provides a better response to price trends without excessive lag.
QuintEMA (Quintuple Exponential Moving Average)
The QuintEMA goes one step further by applying the EMA calculation five times in a row. This level of exponential smoothing is useful for identifying strong, persistent trends while remaining adaptive to recent price shifts.
The QuintEMA is calculated as :
QuintEMA=5×EMA1−10×EMA2+10×EMA3−5×EMA4+EMA5
The additional layer in QuintEMA further reduces the impact of short-term price fluctuations, making it especially useful in strongly trending markets.
The Smart Ribbon V2 combines the benefits of several moving average types to deliver a versatile tool for analyzing market trends, momentum, and potential reversals. With QUEMA and QuintEMA as advanced options, it allows traders to tailor the indicator to match their preferred trading style, whether it involves higher responsiveness or smoother trend visualization. This adaptability makes Smart Ribbon V2 a powerful choice for both novice and experienced traders seeking to improve their trend-following and market analysis strategies.
This is my first published indicator! If you like it, leave a comment, like, subscribe, or show your support. Based on your feedback and appreciation, I'll be happy to release more of my personal indicators in the future.
STDEMA Z-ScoreSTDEMA Z-Score Indicator
Overview
The STDEMA Z-Score Indicator provides a statistical approach to understanding price movements relative to its trend, using the Standard Deviation Exponential Moving Average (StdEMA) and Z-Score calculations.
Key Features
Z-Score Calculation: The Z-Score measures how far the current price deviates from its StdEMA, providing insight into whether the price is statistically overbought or oversold.
EMA of Z-Score: This smooths the Z-Score for easier interpretation and signals potential reversals or continuation patterns.
Customizable Inputs: Users can easily adjust the EMA length, standard deviation multiplier, and smoothing length to fit their trading style and market conditions.
How to Use
Buy Signals: Look for the Z-Score EMA to cross above the 0 line, indicating potential bullish momentum.
Sell Signals: Watch for the Z-Score EMA to cross below the 0 line, suggesting potential bearish momentum.
Volume/Price Divergence v2The "Volume/Price Divergence v2" indicator is designed to analyze the relationship between volume and price movements in a financial market. It helps traders identify potential divergences that may indicate a change in market trends. Here’s a breakdown of how it works:
### Key Components
1. **Volume Calculation**:
- **Buying Volume**: This is calculated based on the relationship between the closing price and the high/low range. If the closing price is closer to the low, more volume is attributed to buying.
- **Selling Volume**: Conversely, if the closing price is closer to the high, more volume is considered selling.
The formulas used are:
```pinescript
buyVolume = high == low ? 0 : volume * (close - low) / (high - low)
sellVolume = high == low ? 0 : volume * (high - close) / (high - low)
```
2. **Plotting Volume**:
- The total volume is plotted in red and buying volume is plotted in teal. This helps visualize the volume distribution during different price movements.
3. **Rate of Change (ROC)**:
- The indicator calculates the rate of change for both volume and price over a specified period. This allows traders to see how volume and price are changing relative to each other.
```pinescript
roc = source / source
roc2 = source2 / source2
```
4. **Volume/Price Divergence (VPD)**:
- The VPD is derived from the ratio of the ROC of volume to the ROC of price. This ratio helps identify divergences:
- A VPD significantly above 10 may indicate strong divergence, suggesting that price movements are not supported by volume.
- A VPD around 1 indicates that volume and price are moving in harmony.
5. **Horizontal Lines**:
- The indicator includes horizontal lines at levels 10 (high divergence) and 1 (low divergence), serving as visual cues for traders to assess the market's state.
### Interpretation
- **Divergence**: If price makes a new high but volume does not follow (or vice versa), it may signal a potential reversal or weakness in the trend.
- **Volume Trends**: Analyzing the buying vs. selling volume can provide insights into market sentiment, helping traders make informed decisions.
- **Potential for a Strong Move**: A high VPD during a breakout indicates that while volume is increasing, the price isn’t moving significantly, suggesting that a big price move could be imminent.
- **Caution Before Entry**: Traders should be aware that the lack of price movement relative to high volume may signal an impending volatility spike, which could lead to a rapid price change in either direction.
Overall, this indicator is useful for traders looking to gauge the strength of price movements and identify potential reversals or breakouts based on volume trends.
