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Indicatori e strategie

Forex Fire Sling Shot with Trade ManagementForex Fire Sling Shot Indicator with Trade Management Description The Forex Fire Sling Shot Indicator is a comprehensive trading system designed specifically for forex markets. It combines trend analysis, momentum confirmation, and advanced trade management features to help traders identify high-probability trading opportunities. This indicator provides clear entry signals based on multiple EMA crossovers with MACD confirmation, while incorporating professional trade management tools including automatic stop loss calculation, take profit targets, and breakeven management. Key Features Triple EMA Trend Analysis: Uses 15, 50, and 200 EMAs to identify trend direction and entry points MACD Confirmation: Optional MACD filter for enhanced signal reliability Premium Signals: Strict entry criteria combining EMA crossover with MACD crossover Automatic Trade Management: Calculates entry, stop loss, and take profit levels Breakeven Management: Automatically adjusts stop loss to breakeven at predetermined profit levels Visual Trade Setup: Displays trade management levels with clear labels Status Dashboard: Real-time display of current market conditions Alert System: Built-in alerts for premium trading signals How to Use Setup Add the indicator to any forex chart (recommended timeframes: 1H, 4H, Daily) Ensure your chart is clean without overlapping indicators Configure input parameters according to your trading style Signal Identification Premium Buy Signal (Diamond Below Bar) 15 EMA crosses above 50 EMA Price is above 200 EMA (bullish trend) MACD line crosses above signal line Green diamond appears below candle Premium Sell Signal (Diamond Above Bar) 15 EMA crosses below 50 EMA Price is below 200 EMA (bearish trend) MACD line crosses below signal line Fuchsia diamond appears above candle Trade Execution When a premium signal appears: Entry: Buy: Place order above the signal candle's high Sell: Place order below the signal candle's low Stop Loss: Buy: Lowest low of the past 5 candles (adjustable) Sell: Highest high of the past 5 candles (adjustable) Take Profit: Automatically calculated based on your Risk-Reward ratio (default 1:1.5) Breakeven Management: Stop loss moves to breakeven when trade reaches 50% of target (adjustable) Input Parameters EMA Settings Short EMA Period (default: 15) Long EMA Period (default: 50) Trend EMA Period (default: 200) MACD Settings MACD Fast Length (default: 12) MACD Slow Length (default: 26) MACD Signal Length (default: 9) Require MACD Confirmation (default: true) Trade Management Risk-Reward Ratio (default: 1.5) Stop Loss Lookback Candles (default: 5) Move SL to Breakeven at % of TP (default: 0.5) Show Trade Management Labels (default: true) Alert Settings Enable Premium Signal Alerts (default: true) Status Dashboard The top-right dashboard displays: MACD Signal status (Bullish/Bearish/Cross) Overall Trend direction Current Signal status Trade Setup details (if active) Risk-Reward information Breakeven status Visual Elements Green Line: 15 EMA (Fast) Red Line: 50 EMA (Medium) Black Line: 200 EMA (Trend) Yellow Lines: Entry levels Red Lines: Stop loss levels Green Lines: Take profit levels Blue Lines: Breakeven levels Purple Lines: Breakeven trigger levels Trading Tips Only trade premium signals in the direction of the trend (above/below 200 EMA) Wait for candle close before entering trades Use higher timeframes for better signal reliability (4H, Daily) Consider market sessions and major news events Always use proper position sizing based on your account risk Risk Disclaimer This indicator is for educational and informational purposes only. Trading forex involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. Always conduct your own analysis and risk management. Updates and Support The indicator includes built-in alerts for premium signals. To set up alerts: Right-click on the chart Select "Add Alert" Choose "Forex Fire Sling Shot with Trade Management" Select either "Premium Fire Sling Shot Buy" or "Premium Fire Bear Sling Sell" For questions or support, please use the comments section below the indicator.
Indicatore Pine Script®
di Forex_Fire
2
Fib + OB Confluence Zones [Jose Tristan Optimized]Fib + OB Confluence Zones This indicator plots Fibonacci zones from 60m, 90m, and 4H candles, highlighting confluence areas where multiple fib levels align. It also detects bullish and bearish order blocks on 15m, 5m, and 3m timeframes. Confluence zones and OBs are only shown when overlapping conditions are met, helping identify high-probability reversal or continuation zones. Optional trend filtering using the 200 EMA is included to refine signals based on market direction.
Indicatore Pine Script®
di nunezjl1983
On Balance Volume W DivergenceOBV With Divergence Indicator A comprehensive On Balance Volume (OBV) indicator enhanced with divergence detection capabilities. Core Features: Classic OBV calculation with volume-based price movement tracking Advanced divergence detection system Multiple smoothing options for OBV Bollinger Bands integration Technical Components: Volume-based price movement analysis Pivot point detection for divergence Customizable lookback periods Adjustable divergence range parameters Customization Options: Multiple Moving Average types (SMA, EMA, SMMA, WMA, VWMA) Bollinger Bands with adjustable standard deviation Divergence sensitivity settings Visual customization for signals and alerts The indicator combines traditional OBV analysis with modern divergence detection, offering traders a powerful tool for identifying potential trend reversals and market momentum shifts. Key Parameters: - Pivot Lookback Right/Left: 5 (default) - Divergence Range: 5-60 bars - MA Length: 14 (default) - BB StdDev: 2.0 (default) Alert System: - Bullish divergence alerts - Bearish divergence alerts - Customizable alert messages Note: The indicator requires volume data to function properly and will display an error if volume data is not available.
Indicatore Pine Script®
di Raffaele_De_Leo
Ultimate Adaptive Multi-Regime Trading System🧩 What is the UA-MTS Indicator? UA-MTS is an intelligent trading indicator built for scalping, day trading, and adaptive decision-making. It analyzes price action, trend, volatility, volume, and patterns across multiple timeframes to give traders clear, context-aware buy and sell signals. It’s like having a smart assistant on your chart that tells you: What kind of market you’re in (trend, range, volatility, etc.) What patterns are forming and how reliable they are When a high-confidence trade opportunity appears How far price might go next (via projection lines) ⚙️ What Does It Do? Detects Market Regime Identifies whether the market is Trending, Ranging, Volatile, Accumulating, or Distributing Adjusts strategy logic based on the regime Scans for Patterns Finds smart price patterns (like engulfing, divergences, fractals, head & shoulders) Evaluates pattern quality and importance Uses AI-like Logic Includes a mini neural network that digests market data and projects price movement Confirms with Volume and Volatility Filters out weak signals based on how strong the volume and volatility are Gives Trade Signals Shows Buy or Sell markers with scores and confidence % Highlights high-quality trades with a star (★) Visual Tools Confidence bands (projected price range) Prediction lines Color-coded market regime 🕹 How to Use It (in TradingView) Use the Regime Label Bottom of chart will say "Regime: Trending (80%)" or similar Trust trend signals more in Trending regime, reversal patterns more in Ranging Enable Multi-Timeframe Analysis (optional) It blends data from multiple timeframes (like 1m + 5m + 15m) to sharpen signal logic Confirm Before Entering Look at the Score and Confidence % Use it with other tools like support/resistance or price structure for even better entries 📈 Best Use Cases Scalping on 1m/5m/15m charts Day trading breakouts or reversals Filtering trades during sideways markets Avoiding traps in high volatility Projecting short-term price direction
Indicatore Pine Script®
di Abdalla_Elzedy
Adaptive Momentum Oscillator [LuxAlgo]The Adaptive Momentum Oscillator tool allows traders to measure the current relative momentum over a given period using the maximum delta in price. It features a histogram with gradient color, divergences, and an adaptive moving average that allows traders to clearly see the smoothed trend direction. 🔶 USAGE This unbounded oscillator has positive momentum when values are above 0 and negative momentum when values are below 0. The adaptive moving average is used as a minimum lag smoothing tool over the momentum histogram. 🔹 Signal Line There are two main uses for the signal line drawn on the chart above. Momentum crosses above or below the signal line: acceleration in momentum. Signal line crosses the 0 value: positive or negative momentum. 🔹 Data Length On the chart above, we can compare different length sizes and how the tool values change, allowing traders to get a shorter or longer-term view of current market strength. 🔹 Smoothing Length In the previous figure, we can compare how different Smoothing Length values affect the oscillator output. 🔹 Divergences The divergence detector is disabled by default. Traders can enable it and adjust the divergence length from the settings panel. As we can see in the chart above, by changing the length of the divergences, traders can fine-tune their detection, a small number will detect smaller divergences, and use a larger number for larger divergences. 🔶 SETTINGS Data: Select data source, close price by default Data Length: Select the length for data gathering Smoothing Length: Select the length for data smoothing Divergences: Enable/Disable divergences detection and length
Indicatore Pine Script®
di LuxAlgo
12
Quantis Nexus ProQuantis Nexus Pro is an advanced multi-moving average visualization and signal tool designed for active traders. It includes five types of moving averages (MA, EMA, HMA, WMA, ALMA) along with Parabolic SAR, enriched with: 🔹 Golden/Death Cross signals 🔹 Cross detection between short and long-term MAs 🔹 Volatility filter using ATR 🔹 Signal-based background coloring 🔹 Interactive labels and signal arrows 🔹 A real-time info panel displaying RSI, MACD, Stoch RSI, and more Key Features Customizable Display: Select which MAs to view (short/mid/long) for each type. Dynamic Signal Detection: See crossover signals for each MA pair. Golden/Death Cross Alerts: Clearly marked label events for long-term trend changes. Volatility Awareness: ATR-based filter highlights market conditions. Signal Arrows and Background Highlights: Make trend shifts easier to spot. Informative Dashboard Panel: Provides instant access to momentum and volatility metrics. Who It's For Ideal for day traders, swing traders, and strategy developers looking to: Identify precise crossover entry points Detect long-term trend reversals Gauge volatility to avoid noise during low-activity periods This script does not repaint, and all calculations are based on bar-close logic. * Türkçe Açıklama * Quantis Nexus Pro – Çoklu Hareketli Ortalama ve Sinyal Motoru Bu gösterge; MA, EMA, HMA, WMA, ALMA ve SAR çizgilerini, bunların kısa/orta/uzun vadeli versiyonlarını, kesişim sinyallerini (crossover), golden/death cross durumlarını, volatilite filtresini, renkli arka plan uyarılarını ve bilgi panelini bir arada sunar. Kullanıcı, gösterge menüsünden hangi çizgilerin gösterileceğini seçebilir. Ayrıca RSI, MACD, Stokastik ve ATR gibi göstergeler de alt panelde özetlenmiştir.
Indicatore Pine Script®
di Quantis
NY Open Market Condition Analyzer – TTR & RI - Beta 0.1.3📌 NY Open Market Condition Analyzer – TTR & RI - Beta 0.1.3 Built for NQ/MNQ scalpers who thrive on structure, this indicator evaluates market conditions at the New York Open (6:30–8:30AM PST) and only flashes green when high-probability conditions align. 📊 Core Filters TTR (Total Trading Range): Measures volatility from 2:00–6:30AM PST 5-Min Candle Body: Captures the size of the opening impulse VWAP Distance: Gauges market expansion from a mean MNQ/MES Divergence: Confirms directional alignment between indices UT Bot Alerts: Integrates an ATR/EMA-based trend confirmation system 🎯 Primary Objective Filter out weak sessions and trade only when structure supports movement. Avoid choppy Mondays and Fridays unless volatility proves otherwise Combine system rules with momentum-based confluence Preserve your edge and mental capital by only trading when it’s worth it ✅ Features Smart Session Filter Logic: Premarket Range ≥ X pts Opening 5-Min Candle Body ≥ Y pts VWAP Distance ≥ Z pts Divergence filter to ensure MNQ & MES are not in conflict UT Bot Buy Signal required (if enabled) Visual Feedback: Colored background: 🟩 GOOD or 🟥 SKIP Chart labels: GOOD SETUP or SKIP SESSION Optional UT Bot signal markers (Buy) Toggle visibility for GOOD and SKIP signals Dashboard Panel (top-right): Displays real-time data for all active filters Premarket Range 5-Min Candle Body VWAP Distance Divergence Status UT Bot Buy Signal Final Verdict: ✅ GOOD or ⚠️ SKIP 🔔 How to Use Alerts Click the “Alerts” (🔔) tab Create a new alert Condition: NY Open Market Condition Analyzer – TTR & RI + UT Bot → Good Setup Alert Set action (push, webhook, etc.) Use “Once Per Bar” for 1-minute charts 🧠 Best For: MNQ/NQ scalpers Traders using MAS Capital’s Reversal Indicator 1R–2R scalping models (10–30pt targets) Traders looking for pre-trade confirmation based on structure AND momentum
Indicatore Pine Script®
di valmont33
MACD Trump/Biden MarketThis unique indicator visually distinguishes between two distinct market regimes by displaying bold, dynamic labels directly on the chart. The indicator aims to capture shifts in market sentiment, highlighting bullish and bearish phases in a way that's easy to interpret at a glance. When the market is in a favorable phase, a green box labeled "Trump Market" appears, signaling positive conditions. Conversely, during challenging phases, a red box labeled "Biden Market" is displayed. This tool is perfect for traders looking to quickly identify shifts in market dynamics and make informed decisions based on the current market environment. Use it to enhance your trading strategy and stay ahead of sudden changes.
Indicatore Pine Script®
di UpsidePotential
Quarterly Theory ICT 05 [TradingFinder] Doubling Theory Signals🔵 Introduction Doubling Theory is an advanced approach to price action and market structure analysis that uniquely combines time-based analysis with key Smart Money concepts such as SMT (Smart Money Technique), SSMT (Sequential SMT), Liquidity Sweep, and the Quarterly Theory ICT. By leveraging fractal time structures and precisely identifying liquidity zones, this method aims to reveal institutional activity specifically smart money entry and exit points hidden within price movements. At its core, the market is divided into two structural phases: Doubling 1 and Doubling 2. Each phase contains four quarters (Q1 through Q4), which follow the logic of the Quarterly Theory: Accumulation, Manipulation (Judas Swing), Distribution, and Continuation/Reversal. These segments are anchored by the True Open, allowing for precise alignment with cyclical market behavior and providing a deeper structural interpretation of price action. During Doubling 1, a Sequential SMT (SSMT) Divergence typically forms between two correlated assets. This time-structured divergence occurs between two swing points positioned in separate quarters (e.g., Q1 and Q2), where one asset breaks a significant low or high, while the second asset fails to confirm it. This lack of confirmation—especially when aligned with the Manipulation and Accumulation phases—often signals early smart money involvement. Following this, the highest and lowest price points from Doubling 1 are designated as liquidity zones. As the market transitions into Doubling 2, it commonly returns to these zones in a calculated move known as a Liquidity Sweep—a sharp, engineered spike intended to trigger stop orders and pending positions. This sweep, often orchestrated by institutional players, facilitates entry into large positions with minimal slippage. Bullish : Bearish : 🔵 How to Use Applying Doubling Theory requires a simultaneous understanding of temporal structure and inter-asset behavioral divergence. The method unfolds over two main phases—Doubling 1 and Doubling 2—each divided into four quarters (Q1 to Q4). The first phase focuses on identifying a Sequential SMT (SSMT) divergence, which forms when two correlated assets (e.g., EURUSD and GBPUSD, or NQ and ES) react differently to key price levels across distinct quarters. For example, one asset may break a previous low while the other maintains structure. This misalignment—especially in Q2, the Manipulation phase—often indicates early smart money accumulation or distribution. Once this divergence is observed, the extreme highs and lows of Doubling 1 are marked as liquidity zones. In Doubling 2, the market gravitates back toward these zones, executing a Liquidity Sweep. This move is deliberate—designed to activate clustered stop-loss and pending orders and to exploit pockets of resting liquidity. These sweeps are typically driven by institutional forces looking to absorb liquidity and position themselves ahead of the next major price move. The key to execution lies in the fact that, during the sweep in Doubling 2, a classic SMT divergence should also appear between the two assets. This indicates a weakening of the previous trend and adds an extra layer of confirmation. 🟣 Bullish Doubling Theory In the bullish scenario, Doubling 1 begins with a bullish SSMT divergence, where one asset forms a lower low while the other maintains its structure. This divergence signals weakening bearish momentum and possible smart money accumulation. In Doubling 2, the market returns to the previous low and sweeps the liquidity zone—breaking below it on one asset, while the second fails to confirm, forming a bullish SMT divergence. f this move is followed by a bullish PSP and a clear market structure break (MSB), a long entry is triggered. The stop-loss is placed just below the swept liquidity zone, while the target is set in the premium zone, anticipating a move driven by institutional buyers. 🟣 Bearish Doubling Theory The bearish scenario follows the same structure in reverse. In Doubling 1, a bearish SSMT divergence occurs when one asset prints a higher high while the other fails to do so. This suggests distribution and weakening buying pressure. Then, in Doubling 2, the market returns to the previous high and executes a liquidity sweep, targeting trapped buyers. A bearish SMT divergence appears, confirming the move, followed by a bearish PSP on the lower timeframe. A short position is initiated after a confirmed MSB, with the stop-loss placed 🔵 Settings ⚙️ Logical Settings Quarterly Cycles Type : Select the time segmentation method for SMT analysis. Available modes include : Yearly, Monthly, Weekly, Daily, 90 Minute, and Micro. These define how the indicator divides market time into Q1–Q4 cycles. Symbol : Choose the secondary asset to compare with the main chart asset (e.g., XAUUSD, US100, GBPUSD). Pivot Period : Sets the sensitivity of the pivot detection algorithm. A smaller value increases responsiveness to price swings. Pivot Sync Threshold : The maximum allowed difference (in bars) between pivots of the two assets for them to be compared. Validity Pivot Length : Defines the time window (in bars) during which a divergence remains valid before it's considered outdated. 🎨 Display Settings Show Cycle :Toggles the visual display of the current Quarter (Q1 to Q4) based on the selected time segmentation Show Cycle Label : Shows the name (e.g., "Q2") of each detected Quarter on the chart. Show Labels : Displays dynamic labels (e.g., “Q2”, “Bullish SMT”, “Sweep”) at relevant points. Show Lines : Draws connection lines between key pivot or divergence points. Color Settings : Allows customization of colors for bullish and bearish elements (lines, labels, and shapes) 🔔 Alert Settings Alert Name : Custom name for the alert messages (used in TradingView’s alert system). Message Frequenc y: All : Every signal triggers an alert. Once Per Bar : Alerts once per bar regardless of how many signals occur. Per Bar Close : Only triggers when the bar closes and the signal still exists. Time Zone Display : Choose the time zone in which alert timestamps are displayed (e.g., UTC). Bullish SMT Divergence Alert : Enable/disable alerts specifically for bullish signals. Bearish SMT Divergence Alert : Enable/disable alerts specifically for bearish signals 🔵 Conclusion Doubling Theory is a powerful and structured framework within the realm of Smart Money Concepts and ICT methodology, enabling traders to detect high-probability reversal points with precision. By integrating SSMT, SMT, Liquidity Sweeps, and the Quarterly Theory into a unified system, this approach shifts the focus from reactive trading to anticipatory analysis—anchored in time, structure, and liquidity. What makes Doubling Theory stand out is its logical synergy of time cycles, behavioral divergence, liquidity targeting, and institutional confirmation. In both bullish and bearish scenarios, it provides clearly defined entry and exit strategies, allowing traders to engage the market with confidence, controlled risk, and deeper insight into the mechanics of price manipulation and smart money footprints.
Indicatore Pine Script®
di TFlab
Candle Rating (1–5)This “Candle Rating (1–5)” indicator measures where each bar’s close sits within its own high-low range and assigns a simple strength score: Range Calculation It computes the candle’s total range (high − low) and finds the close’s position as a percentage of that range (0 = close at low, 1 = close at high). Five-Point Rating 1 (Strong Buy): Close in the top 20% of the range 2 (Moderate Buy): 60–80% 3 (Neutral): 40–60% 4 (Moderate Sell): 20–40% 5 (Strong Sell): Bottom 20% Visual Feedback It plots the numeric rating above each bar (colored green → red), giving you an at-a-glance read of candle momentum and potential reversal strength across any timeframe.
Indicatore Pine Script®
di sketan12
Dealing rangeHi all! This indicator will show you the current dealing range. The concept of dealing range comes from the inner circle trader (ICT) and gives you a range between an established swing high and an established swing low (the length of these pivots can be changed in settings parameter Length and defaults to 5/2 (left/right)). These swing points must have taken out liquidity to be considered "established". The liquidity that must be grabbed by the swing point has to be a pivot of left length of 1 and a right length of 1. The dealing range that's created should be used in conjunction with market structure. This could be done through scripts (maybe the Market structure script that I published ()) or manually. It's a common approach to look for long opportunities when the trend is bullish and price is currently in the discount zone of the dealing range. If the trend is bearish then short opportunities are presented when the price is currently in the premium zone of the dealing range. The zones within the dealing range are premium and discount that are split on the 50% level of the dealing range. These zones can be split into 3 zone with a Fair price (also called Fair value ) zone in between premium and discount. This makes the premium zone to be in the upper third of the dealing range, fair price in the middle third and discount in the lower third. This can be enabled in the settings through the Fair price parameter. Enabled: You can choose to enable/disable the visualisation of liquidity grabs and the External liquidity available above and below the swing points that created the dealing range. Enabled: Disabled: Enabled on a higher timeframe (will display a box of the liquidity grab price instead of a label): This dealing range is configurable to be created by a higher timeframe then the visible charts. Use the setting Higher timeframe to change this. You can force candles to be closed (for liquidity and swing points). Please note that if you use a higher timeframe then the visible charts the candles must be closed on this timeframe. Lastly you can also change the transparency of liquidity grabs and external liquidity outside of the dealing range. Use the Transparency setting to change this (a lower value will lead to stronger visuals). If you have any input or suggestions on future features or bugs, don't hesitate to let me know! Best of trading luck!
Indicatore Pine Script®
di mickes
2
RSI + Price Cycle Predictor (Final Momentum Version)The RSI Cycle Predictor is a powerful indicator designed to help traders identify potential market reversals with precision. How it works: Detects confirmed swing highs and lows in the RSI, combined with price action. Measures average time cycles between past reversals. Uses momentum weakening as a filter to highlight only the strongest signals. Displays a confidence score (σ) to show how reliable the timing is. Trading logic: Enter Buy (Long) when a green signal appears. Exit Buy and Enter Sell (Short) when a red signal appears. Alternate positions based on each signal, always holding one position. Best for: Swing traders Cycle-based trading strategies Enhancing timing precision in entries and exits
Indicatore Pine Script®
di afacademi
Parsifal.Swing.TrendScoreThe Parsifal.Swing.TrendScore indicator is a module within the Parsifal Swing Suite, which includes a set of swing indicators such as: • Parsifal Swing TrendScore • Parsifal Swing Composite • Parsifal Swing RSI • Parsifal Swing Flow Each module serves as an indicator facilitating judgment of the current swing state in the underlying market. ________________________________________ Background Market movements typically follow a time-varying trend channel within which prices oscillate. These oscillations—or swings—within the trend are inherently tradable. They can be approached: • One-sidedly, aligning with the trend (generally safer), or • Two-sidedly, aiming to profit from mean reversions as well. Note: Mean reversions in strong trends often manifest as sideways consolidations, making one-sided trades more stable. ________________________________________ The Parsifal Swing Suite The modules aim to provide additional insights into the swing state within a trend and offer various trigger points to assist with entry decisions. All modules in the suite act as weak oscillators, meaning they fluctuate within a range but are not bounded like true oscillators (e.g., RSI, which is constrained between 0% and 100%). ________________________________________ The Parsifal.Swing.TrendScore – Specifics The Parsifal.Swing.TrendScore module combines short-term trend data with information about the current swing state, derived from raw price data and classical technical indicators. It provides an indication of how well the short-term trend aligns with the prevailing swing, based on recent market behavior. ________________________________________ How Swing.TrendScore Works The Swing.TrendScore calculates a swing score by collecting data within a bin (i.e., a single candle or time bucket) that signals an upside or downside swing. These signals are then aggregated together with insights from classical swing indicators. Additionally, it calculates a short-term trend score using core technical signals, including: • The Z-score of the price's distance from various EMAs • The slope of EMAs • Other trend-strength signals from additional technical indicators These two components—the swing score and the trend score—are then combined to form the Swing.TrendScore indicator, which evaluates the short-term trend in context with swing behavior. ________________________________________ How to Interpret Swing.TrendScore The trend component enhances Swing.TrendScore’s ability to provide stronger signals when the short-term trend and swing state align. It can also override the swing score; for example, even if a mean reversion appears to be forming, a dominant short-term trend may still control the market behavior. This makes Swing.TrendScore particularly valuable for: • Short-term trend-following strategies • Medium-term swing trading Unlike typical swing indicators, Swing.TrendScore is designed to respond more to medium-term swings rather than short-lived fluctuations. ________________________________________ Behavior and Chart Representation The Swing.TrendScore indicator fluctuates within a range, as most of its components are range-bound (though Z-score components may technically extend beyond). • Historically high or low values may suggest overbought or oversold conditions • The chart displays: o A fast curve (orange) o A slow curve (white) o A shaded background representing the market state • Extreme values followed by curve reversals may signal a developing mean reversion ________________________________________ TrendScore Background Value The Background Value reflects the combined state of the short-term trend and swing: • > 0 (shaded green) → Bullish mode: swing and short-term trend both upward • < 0 (shaded red) → Bearish mode: swing and short-term trend both downward • The absolute value represents the confidence level in the market mode Notably, the Background Value can remain positive during short downswings if the short-term trend remains bullish—and vice versa. ________________________________________ How to Use the Parsifal.Swing.TrendScore Several change points can act as entry triggers or aids: • Fast Trigger: change in slope of the fast signal curve • Trigger: fast line crosses slow line or the slope of the slow signal changes • Slow Trigger: change in sign of the Background Value Examples of these trigger points are illustrated in the accompanying chart. Additionally, market highs and lows aligning with the swing indicator values may serve as pivot points in the evolving price process. ________________________________________ As always, this indicator should be used in conjunction with other tools and market context in live trading. While it provides valuable insight and potential entry points, it does not predict future price action. Instead, it reflects recent tendencies and should be used judiciously. ________________________________________ Extensions The aggregation of information—whether derived from bins or technical indicators—is currently performed via simple averaging. However, this can be modified using alternative weighting schemes, based on: • Historical performance • Relevance of the data • Specific market conditions Smoothing periods used in calculations are also modifiable. In general, the EMAs applied for smoothing can be extended to reflect expectations based on relevance-weighted probability measures. Since EMAs inherently give more weight to recent data, this allows for adaptive smoothing. Additionally, EMAs may be further extended to incorporate negative weights, akin to wavelet transform techniques.
Indicatore Pine Script®
di parsifaltrading