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Multi-Timeframe Rsi-Mean Deviation (Normalized)═══════════════════════════════════════════════════════════════════ RSI SIGMOID OSCILLATOR + MULTI-TIMEFRAME Advanced RSI-EMA Deviation Analysis with Z-Score Normalization ═══════════════════════════════════════════════════════════════════ 📊 OVERVIEW ────────── This indicator measures the deviation of RSI from its EMA and transforms it into a normalized 0-100 oscillator using z-score and sigmoid function. It provides multi-timeframe analysis with a clean visual dashboard, making it easy to spot momentum shifts across different time horizons. 🎯 KEY FEATURES ────────────── ✓ Z-Score Normalized RSI-EMA Deviation ✓ Sigmoid Transformation (0-100 scale with smooth transitions) ✓ Multi-Timeframe Support (compare up to 3 timeframes simultaneously) ✓ Interactive Dashboard (real-time values and trend indicators) ✓ Dynamic Color Coding (red below 50, unique colors above 50) ✓ Timeframe Labels (clear identification of each line) ✓ RSI Bollinger Bands (hidden background extreme detection) ✓ Clean Minimalist Design ⚙️ HOW IT WORKS ────────────── 1. DEVIATION CALCULATION - Calculates: RSI - EMA(RSI) - Measures how far RSI deviates from its moving average 2. Z-SCORE NORMALIZATION - Converts deviation to z-score: (deviation) / stdev(deviation) - Makes signals comparable across different market conditions 3. SIGMOID TRANSFORMATION - Maps z-score to 0-100: sigmoid = 100 / (1 + e^(-k*z)) - Provides smooth, bounded oscillator with clear midline (50) 4. MULTI-TIMEFRAME ANALYSIS - Displays current TF + 2 higher timeframes - All calculations use identical parameters for consistency 📈 INTERPRETATION ──────────────── OSCILLATOR VALUES: • Above 50 = Bullish momentum (RSI > its EMA) • Below 50 = Bearish momentum (RSI < its EMA) • Near 70 = Strong bullish (potential overbought) • Near 30 = Strong bearish (potential oversold) COLOR CODING: • Blue line = Current timeframe • Orange line = Higher timeframe 1 (default: 4H) • Lime line = Higher timeframe 2 (default: 1D) • Red = All timeframes when below 50 MULTI-TIMEFRAME SIGNALS: • All 3 lines above 50 = Strong bullish alignment • All 3 lines below 50 = Strong bearish alignment • Mixed signals = Potential reversal or consolidation 🔧 PARAMETERS ───────────── RSI Period (14): Base RSI calculation period RSI EMA Period (14): EMA smoothing for RSI Standard Deviation Period (20): Window for z-score calculation Sigmoid Sensitivity (1.0): Controls oscillator responsiveness (0.1-10.0) Bollinger Band Multiplier (2.0): For background extreme detection Higher Timeframe 1 (240): First comparison timeframe Higher Timeframe 2 (D): Second comparison timeframe 💡 USAGE TIPS ──────────── 1. TREND CONFIRMATION - Use higher timeframes to confirm trend direction - Only take longs when 4H/1D also above 50 2. DIVERGENCE DETECTION - Watch for price making new highs/lows while oscillator doesn't - Classic bullish/bearish divergence signals 3. OVERBOUGHT/OVERSOLD - Values above 70: Consider taking profits or tightening stops - Values below 30: Watch for reversal or continuation 4. TIMEFRAME ALIGNMENT - Best trades occur when all timeframes align - Mixed signals suggest waiting for clarity ⚠️ IMPORTANT NOTES ───────────────── • Not a standalone trading system - use with other confirmations • Works best in trending markets • Adjust sensitivity (k) for different instruments • Higher k values = more responsive (more signals) • Lower k values = smoother (fewer false signals) 📊 DASHBOARD ─────────── The top-right table shows: • TF: Timeframe identifier • Signal: Current oscillator value (0-100) • Trend: Green circle (≥50) or Red circle (<50) ═══════════════════════════════════════════════════════════════════ Created for multi-timeframe momentum analysis Best used on 1H, 4H, or Daily charts Combines statistical normalization with sigmoid smoothing ═══════════════════════════════════════════════════════════════════ ⚠️ DISCLAIMER ───────────── This indicator is provided for educational and informational purposes only. It is NOT financial advice. Trading involves substantial risk of loss and is not suitable for everyone. Past performance does not guarantee future results. Always: • Use proper risk management • Combine with other analysis methods • Test thoroughly before live trading • Never risk more than you can afford to lose • Consult a financial advisor for personalized advice 👍 SUPPORT THIS WORK ─────────────────── If you find this indicator useful: 📊 Please give it a LIKE / BOOST 💬 Leave a COMMENT with your feedback 👤 FOLLOW me for more quality indicators and updates ⭐ Share with others who might benefit Your support motivates me to create more free tools for the trading community! ═══════════════════════════════════════════════════════════════════
Indicatore Pine Script®
di hasanaksoy199264
Smart Trader, Episode 04, by Ata Sabanci, Candles and Z ScoresSmart Trader, Episode 04 Candles and Z-Scores: A Statistical Approach to Market Analysis ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ OVERVIEW This indicator applies Z-Score statistical analysis to measure how unusual current market conditions are compared to historical norms. It simultaneously analyzes five key metrics: Price, Total Volume, Buy Volume, Sell Volume, and Delta (Buy minus Sell) . The system detects 60 academically-researched market scenarios and provides visual feedback through Z-Lines (support/resistance levels), Event Markers, Trend Channels, and a comprehensive Dashboard. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ CORE CONCEPT: WHY Z-SCORE? A Z-Score measures how many standard deviations a value is from its mean. In financial markets, extreme Z-Scores indicate statistically rare events that often precede significant price movements. Mathematical Formula: Z = (Current Value - Mean) / Standard Deviation Interpretation: • Z ≥ +2.0: Extremely high (occurs approximately 2.5% of the time) • Z ≥ +1.0: Above average • Z ≈ 0: Normal (near the mean) • Z ≤ -1.0: Below average • Z ≤ -2.0: Extremely low (occurs approximately 2.5% of the time) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ACADEMIC FOUNDATION This indicator is inspired by / grounded in market microstructure literature (abbreviated citations in-script) from market microstructure literature: • Price-Volume Relationship - Karpoff (1987), Journal of Financial and Quantitative Analysis, Cambridge Volume is positively correlated with price change magnitude • Order Flow Imbalance - Cont, Kukanov, Stoikov (2014), Journal of Financial Econometrics Order imbalance drives price more reliably than raw volume • Informed Trading (PIN Model) - Easley, Kiefer, O'Hara, Paperman (1996), Journal of Finance Buy/Sell imbalance reveals informed trader activity • Mixture of Distributions - Tauchen & Pitts (1983), Clark (1973) Volume clusters with volatility regimes • Volume Predictability - Gervais, Kaniel, Mingelgrin (2001) Volume shocks predict future returns • Liquidity & Order Imbalance - Chordia, Roll, Subrahmanyam (2002) Order imbalance affects short-term returns • Volume-Return Dynamics - Llorente, Michaely, Saar, Wang (2002) Speculation vs. risk-sharing patterns • Reversal vs. Continuation - Campbell, Grossman, Wang (MIT) High volume predicts lower autocorrelation ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ VOLUME ENGINE The indicator offers two methods for decomposing total volume into Buy and Sell components: Method 1: Geometry (Approximation) Uses candle structure to estimate buying and selling pressure: Buy Volume = Total Volume × (Close - Low) / (High - Low) Sell Volume = Total Volume × (High - Close) / (High - Low) • Works on all instruments without additional data requirements • Fast calculation • Less precise than intrabar method Method 2: Intrabar (Precise) Uses Lower Timeframe (LTF) tick/second data to aggregate actual up-ticks versus down-ticks: • More accurate volume decomposition • Requires LTF data availability • Configurable LTF: 1T (tick), 1S, 15S, 1M Delta Calculation: Delta = Buy Volume - Sell Volume ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Z-SCORE SYSTEM The system calculates Z-Scores for five metrics simultaneously, using a configurable lookback period (default: 20 bars): • Zp (Price Z-Score): Measures price deviation from its mean • Zv (Volume Z-Score): Measures total volume deviation • Zbuy (Buy Volume Z-Score): Measures buying pressure deviation • Zsell (Sell Volume Z-Score): Measures selling pressure deviation • ZΔ (Delta Z-Score): Measures order flow imbalance deviation Threshold Constants: • ZH (Z High) = 2.0: Extreme threshold • ZM (Z Medium) = 1.0: Moderate threshold • Z0 (Z Zero) = 0.5: Near-zero threshold Group System: The analysis window is divided into groups (default: 5 groups × 20 bars = 100 bar total window). Group numbers (1, 2, 3...) are displayed above candles when enabled, helping identify the relative age of detected levels. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Z-LINES (SUPPORT/RESISTANCE LEVELS) When any metric reaches an extreme Z-Score, the system marks that price level as a significant support or resistance zone. Detection Logic: • Upper Z-Line: Drawn from the HIGH when Z ≥ upper threshold (default +2.0) • Lower Z-Line: Drawn from the LOW when Z ≤ lower threshold (default -2.0) Multi-Metric Detection: Z-Lines can be triggered by any of the five metrics (Price, Volume, Buy, Sell, Delta). When multiple metrics trigger at similar price levels, they are clustered together into a single combined label showing all contributing metrics. Persistence: Z-Lines persist for the entire analysis window (Period × Groups bars) and are NOT removed when price touches them. This allows traders to see historical support/resistance levels that may still be relevant. Anti-Overlap System: Labels are automatically repositioned to prevent overlap. The "Label Min Gap (%)" setting controls minimum vertical separation between ALL labels (both upper and lower), ensuring readability even when multiple levels cluster together. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ EVENT DETECTION ENGINE (60 SCENARIOS) The system analyzes 60 distinct market scenarios based on Z-Score combinations. Each scenario is derived from academic research and assigned a confidence score based on signal strength and alignment. Notation: • Zp = Price Z-Score • Zv = Total Volume Z-Score • Zbuy = Buy Volume Z-Score • Zsell = Sell Volume Z-Score • ZΔ = Delta Z-Score • dirP = Price direction (+1 if Zp > 0.5, -1 if Zp < -0.5, else 0) • = Previous bar value • ZH = 2.0 (High threshold) • ZM = 1.0 (Medium threshold) • Z0 = 0.5 (Zero threshold) ───────────────────────────────────────────────────────────── CATEGORY A: PRICE-VOLUME (Events 1-10) Based on: Karpoff (1987), Tauchen-Pitts (1983), Clark (1973) ───────────────────────────────────────────────────────────── Event 1: Breakout Confirmed |Zp| ≥ ZH AND Zv ≥ ZH AND sign(ZΔ) = dirP AND dirP ≠ 0 Direction: Bullish/Bearish (follows price direction) Event 2: Trend Strength Confirmed |Zp| ≥ ZH AND Zv ≥ ZH Direction: Follows price direction Event 3: Fragile Move |Zp| ≥ ZH AND Zv ≤ -ZM Direction: Warning (price move without volume support) Event 4: Weak Rally Zp ≥ ZH AND Zv ≤ -ZH Direction: Warning (price up without volume) Event 5: Weak Selloff Zp ≤ -ZH AND Zv ≤ -ZH Direction: Warning (price down without volume) Event 6: Momentum Build ZM ≤ |Zp| < ZH AND Zv ≥ ZH Direction: Follows price direction Event 7: Churn |Zp| ≤ Z0 AND Zv ≥ ZH Direction: Neutral (high volume, low price movement) Event 8: Quiet Compression |Zp| ≤ Z0 AND Zv ≤ -ZH Direction: Neutral (low volume, low price movement) Event 9: High Volume Regime Zv ≥ ZH Direction: Neutral Event 10: Low Volume Regime Zv ≤ -ZH Direction: Neutral ───────────────────────────────────────────────────────────── CATEGORY B: ORDER-FLOW / DELTA (Events 11-16) Based on: Cont, Kukanov, Stoikov (2014), Easley, Kiefer, O'Hara, Paperman (1996) ───────────────────────────────────────────────────────────── Event 11: Imbalance Drives Price |ZΔ| ≥ ZH AND sign(ZΔ) = dirP AND dirP ≠ 0 Direction: Follows price direction (dirP), with delta alignment required Event 12: Divergence Top Zp ≥ ZH AND ZΔ ≤ -ZH Direction: Warning (distribution at top) Event 13: Divergence Bottom Zp ≤ -ZH AND ZΔ ≥ ZH Direction: Warning (accumulation at bottom) Event 14: Absorption Positive |Zp| ≤ Z0 AND Zv ≥ ZH AND ZΔ ≥ ZH Direction: Bullish (buy absorption, support forming) Event 15: Absorption Negative |Zp| ≤ Z0 AND Zv ≥ ZH AND ZΔ ≤ -ZH Direction: Bearish (sell absorption, resistance forming) Event 16: Depth Wall Zv ≥ ZH AND |ZΔ| ≥ ZH AND |Zp| ≤ Z0 Direction: Neutral (market depth absorbing) ───────────────────────────────────────────────────────────── CATEGORY C: BUY VS SELL (Events 17-23) Based on: Easley, Kiefer, O'Hara, Paperman (1996), Chordia, Roll, Subrahmanyam (2002) ───────────────────────────────────────────────────────────── Event 17: Aggressive Buy Dominance Zbuy ≥ ZH AND ZΔ ≥ ZH AND Zsell ≤ -ZM Direction: Bullish Event 18: Aggressive Sell Dominance Zsell ≥ ZH AND ZΔ ≤ -ZH AND Zbuy ≤ -ZM Direction: Bearish Event 19: Two-Sided Battle Zbuy ≥ ZH AND Zsell ≥ ZH AND |ZΔ| ≤ Z0 Direction: Neutral (buyers and sellers equally strong) Event 20: Battle with Buy Edge Zbuy ≥ ZH AND Zsell ≥ ZH AND ZM ≤ ZΔ < ZH Direction: Bullish Event 21: Battle with Sell Edge Zbuy ≥ ZH AND Zsell ≥ ZH AND -ZH < ZΔ ≤ -ZM Direction: Bearish Event 22: Hidden Accumulation Zbuy ≥ ZH AND |Zp| ≤ Z0 AND Zv ≥ ZH Direction: Bullish (buy shock without price movement) Event 23: Hidden Distribution Zsell ≥ ZH AND |Zp| ≤ Z0 AND Zv ≥ ZH Direction: Bearish (sell shock without price movement) ───────────────────────────────────────────────────────────── CATEGORY D: PREDICTABILITY (Events 24-26) Based on: Gervais, Kaniel, Mingelgrin (2001), Karpoff (1987) ───────────────────────────────────────────────────────────── Event 24: Volume Shock Positive Drift Zv ≥ ZH AND |Zp| ≤ ZM Direction: Follows price direction Event 25: Volume Shock Negative Drift Zv ≤ -ZH AND |Zp| ≤ ZM Direction: Opposite to price direction Event 26: Abnormal Volume Info Arrival Zv ≥ ZH Direction: Neutral ───────────────────────────────────────────────────────────── CATEGORY E: REVERSAL VS CONTINUATION (Events 27-30) Based on: Campbell, Grossman, Wang (MIT), Llorente, Michaely, Saar, Wang (2002) ───────────────────────────────────────────────────────────── Event 27: High Vol Reversal Risk Zv ≥ ZH Direction: Warning (high volume implies lower positive autocorrelation) Event 28: Low Vol Continuation Risk Zv ≤ -ZH Direction: Follows price direction (trend likely continues) Event 29: Speculation Continuation Zv ≥ ZH AND |ZΔ| ≥ ZM AND sign(ZΔ) = dirP AND dirP ≠ 0 Direction: Follows price direction Event 30: Risk Sharing Reversal Zv ≥ ZH AND |ZΔ| ≤ Z0 Direction: Warning (potential reversal) ───────────────────────────────────────────────────────────── CATEGORY F: IMBALANCE LAG (Events 31-33) Based on: Chordia, Roll, Subrahmanyam (2002) ───────────────────────────────────────────────────────────── Event 31: Persistent Imbalance Push |ZΔ| ≥ ZM AND |ZΔ | ≥ ZM AND sign(ZΔ) = sign(ZΔ ) Direction: Follows delta direction (persistent pressure) Event 32: Imbalance Pressure Decay (ZΔ ≥ ZM AND ZΔ ≤ -ZM) OR (ZΔ ≤ -ZM AND ZΔ ≥ ZM) Direction: Warning (imbalance sign flip) Event 33: Intraday Imbalance Predicts |ZΔ| ≥ ZM Direction: Follows delta direction ───────────────────────────────────────────────────────────── CATEGORY G: SUPPORT/RESISTANCE (Events 34-36) Based on: Peskir (Manchester) ───────────────────────────────────────────────────────────── Event 34: SR Barrier Event |Zp| ≤ Z0 AND Zv ≥ ZH Direction: Neutral (price stalls with high volume) Event 35: Volume Backed SR Level |Zp| ≤ Z0 AND Zv ≥ ZH AND |ZΔ| ≥ ZM Direction: Follows delta direction Event 36: Volume Poor SR Level |Zp| ≤ Z0 AND Zv ≤ -ZM Direction: Warning (weak S/R without volume) ───────────────────────────────────────────────────────────── CATEGORY H: EXTENDED ANALYSIS (Events 37-50) Based on: Extended market microstructure analysis ───────────────────────────────────────────────────────────── Event 37: Climax Buy Zbuy ≥ ZH AND Zp ≥ ZH AND Zv ≥ ZH Direction: Warning (extreme buying exhaustion, potential top) Event 38: Climax Sell Zsell ≥ ZH AND Zp ≤ -ZH AND Zv ≥ ZH Direction: Warning (extreme selling exhaustion, potential bottom) Event 39: Stealth Accumulation Zbuy ≥ ZM AND |Zp| ≤ Z0 AND Zv ≤ Z0 Direction: Bullish (quiet buying) Event 40: Stealth Distribution Zsell ≥ ZM AND |Zp| ≤ Z0 AND Zv ≤ Z0 Direction: Bearish (quiet selling) Event 41: Volume Divergence Bull Zp ≤ -ZM AND Zv ≤ -ZM Direction: Bullish (price down but volume declining) Event 42: Volume Divergence Bear Zp ≥ ZM AND Zv ≤ -ZM Direction: Bearish (price up but volume declining) Event 43: Delta Price Alignment |Zp| ≥ ZM AND |ZΔ| ≥ ZM AND sign(Zp) = sign(ZΔ) Direction: Follows price direction (strong trend confirmation) Event 44: Extreme Compression |Zp| ≤ Z0 AND Zv ≤ -ZH Direction: Neutral (very low volatility) Event 45: Volatility Expansion |Zp| ≥ ZH AND Zv ≥ ZH Direction: Follows price direction (breakout from compression) Event 46: Buy Exhaustion Zbuy ≥ ZH AND Zp ≤ Z0 Direction: Warning (high buy but price fails) Event 47: Sell Exhaustion Zsell ≥ ZH AND Zp ≥ -Z0 Direction: Warning (high sell but price holds) Event 48: Trend Acceleration |Zp| ≥ ZM AND |Zp| > |Zp | AND Zv ≥ ZM Direction: Follows price direction (increasing momentum) Event 49: Trend Deceleration |Zp| ≥ ZM AND |Zp| < |Zp | AND sign(Zp) = sign(Zp ) Direction: Warning (decreasing momentum) Event 50: Multi Divergence (Zp ≥ ZM AND ZΔ ≤ -ZM) OR (Zp ≤ -ZM AND ZΔ ≥ ZM) + |Zp| ≥ ZM AND Zv ≤ -ZM Direction: Warning (multiple divergence signals) ───────────────────────────────────────────────────────────── CATEGORY I: TREND-INTEGRATED (Events 51-60) Based on: Combined price-volume-delta trend analysis ───────────────────────────────────────────────────────────── Event 51: Trend Breakout Confirmed |Zp| ≥ ZH AND Zv ≥ ZH AND |ZΔ| ≥ ZM AND sign(ZΔ) = dirP AND dirP ≠ 0 Direction: Follows price direction Event 52: Trend Support Test Zp ≥ ZM AND Z0 ≤ Zp < ZM AND ZΔ ≥ Z0 Direction: Bullish (pullback in uptrend) Event 53: Trend Resistance Test Zp ≤ -ZM AND -ZM < Zp ≤ -Z0 AND ZΔ ≤ -Z0 Direction: Bearish (rally in downtrend) Event 54: Trend Reversal Signal sign(Zp) ≠ sign(Zp ) AND |Zp| ≥ ZM AND |Zp | ≥ ZM Direction: Follows new price direction (momentum flip) Event 55: Channel Absorption |Zp| ≤ Z0 AND Zv ≥ ZH Direction: Neutral (range-bound with volume) Event 56: Trend Continuation Volume |Zp| ≥ ZM AND Zv ≥ ZM AND sign(ZΔ) = dirP AND dirP ≠ 0 Direction: Follows price direction (healthy trend with volume) Event 57: Trend Exhaustion |Zp| ≥ ZM AND Zv ≤ -ZM AND |Zp| < |Zp | Direction: Warning (trend losing steam) Event 58: Range Breakout Pending |Zp| ≤ Z0 AND Zv ≤ -ZH AND |ZΔ| ≥ ZM Direction: Follows delta direction (compression with imbalance) Event 59: Trend Quality High |Zp| ≥ ZM AND sign(ZΔ) = dirP AND Zv ≥ Z0 AND dirP ≠ 0 Direction: Follows price direction (strong aligned signals) Event 60: Trend Quality Low |Zp| ≥ ZM AND sign(ZΔ) ≠ dirP AND dirP ≠ 0 Direction: Warning (conflicting signals) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ TREND CHANNEL SYSTEM The trend channel system is adapted from Smart Trader Episode 03 to provide consistent visual context for price action analysis. How It Works: • Divides the chart into blocks based on Z-Score groups • Calculates OHLC (Open, High, Low, Close) for each block • Detects Higher Highs/Higher Lows (uptrend) or Lower Highs/Lower Lows (downtrend) patterns • Draws channel lines connecting block extremes • Classifies by angle: steep angles indicate trends, flat angles indicate ranges Channel Classifications: • UPTREND: Higher highs and higher lows detected • DOWNTREND: Lower highs and lower lows detected • RANGE: Channel angle below threshold (default 10 degrees) Label Information: • Trend direction (UPTREND/DOWNTREND/RANGE) • Channel boundary prices • Distance from current price (absolute and percentage) • Channel angle in degrees ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ DASHBOARD The dashboard provides a comprehensive real-time view of all Z-Score metrics and detected events. Dashboard Sections: 1. Header Row Displays indicator name and current calculation mode (CLOSED or LIVE). 2. Metric Rows (Price, Total Volume, Buy Volume, Sell Volume, Delta) Each row displays: • Value: Current metric value • Z: Calculated Z-Score • Visual: Graphical Z-bar showing position relative to mean • Status: Interpretation (Extreme High, Above Avg, Normal, Below Avg, Extreme Low) • Upper: Oldest active upper Z-Line in window (Label Mirror) • Lower: Oldest active lower Z-Line in window (Label Mirror) 3. Event Detection Section • Count of triggered events out of 60 total scenarios • Market Bias: Bull/Bear/Neutral percentage with visual bar • Strongest Event: Highest confidence event currently triggered • #2 Event: Second highest confidence event 4. Footer Shows engine type (Geometry/Intrabar), Z-Score period, calculation basis, and number of valid bars. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ALERT SYSTEM The indicator uses native alertcondition() functions, keeping the settings menu clean while providing comprehensive alert options in TradingView's alert dialog. Available Alert Categories: • Master Alerts: Any event, Any bullish, Any bearish, Any warning • Single Event Alerts: Individual alerts for key events (Breakout, Climax, Divergence, etc.) • Category Alerts: Alerts by event category (Price-Volume, Order-Flow, etc.) • Confluence Alerts: 2+, 3+, 4+, or 5+ aligned events • Bias Shift Alerts: 10%, 20%, or 30% shifts in market bias • High Confidence Alerts: Events with 60%+, 70%+, 80%+, or 90%+ confidence • Divergence Alerts: Price vs Volume or Price vs Delta divergences ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ DATA ACCURACY AND LIMITATIONS This indicator is 100% VOLUME-BASED and requires Lower Timeframe (LTF) intrabar data for accurate calculations when using the Intrabar method. Data Accuracy Levels: • 1T (Tick): Most accurate, real volume distribution per tick • 1S (1 Second): Reasonably accurate approximation • 15S (15 Seconds): Good approximation, longer historical data available • 1M (1 Minute): Rough approximation, maximum historical data range Backtest and Replay Limitations: • Replay mode results may differ from live trading due to data availability • For longer backtest periods, use higher LTF settings (15S or 1M) • Not all symbols/exchanges support tick-level data • Crypto and Forex typically have better LTF data availability than stocks A Note on Data Access: Higher TradingView plans provide access to more historical intrabar data, which directly impacts the accuracy of volume-based calculations. More precise volume data leads to more reliable calculations. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ LANGUAGE SUPPORT (TRI-LINGUAL UI) This indicator includes a built-in language switch with three interface languages : • English (EN) • Türkçe (TR) • 한국어 (KO) The selected language updates key interface text such as the Dashboard headers/rows , tooltips , and the Event Engine outputs (event names, category names, and direction labels). Turkish diacritics and Korean Hangul are supported for clean, native readability. Why only three languages? Each additional language requires duplicating strings throughout the code, which increases script size/memory usage and compilation time. To keep the indicator optimized and responsive, language options are intentionally limited to three. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ⚠️ DISCLAIMER FOR EDUCATIONAL AND RESEARCH PURPOSES ONLY This indicator is designed as an educational and research tool based on academic market microstructure literature. It is NOT financial advice and should NOT be used as the sole basis for trading decisions. Important Notices: • Past performance does not guarantee future results • All trading involves risk of substantial loss • The indicator's signals are statistical probabilities, not certainties • Always conduct your own research and consult qualified financial advisors • The creator assumes no responsibility for trading losses Research Sources: This indicator is built upon peer-reviewed academic research from: • Journal of Financial and Quantitative Analysis (Cambridge University Press) • Journal of Finance • Journal of Financial Econometrics • MIT Working Papers • arXiv Financial Mathematics
Indicatore Pine Script®
di ata_sabanci
1
IU Time SessionsDISCRIPTION IU Time Sessions is a multi–market session indicator designed to visually highlight major global trading sessions directly on your chart. It helps traders easily identify when Tokyo, London, New York, and Sydney sessions are active based on their selected time zone. The indicator automatically adjusts session timings according to the chosen time zone, making it extremely useful for traders across different countries. Each session is displayed with a customizable background color, allowing you to instantly recognize market behavior, volatility changes, and session overlaps. In addition, session start alerts can be enabled so traders never miss the opening of important market hours. USER INPUTS : • Select Your Time Zone Allows users to choose their local or preferred market time zone for accurate session calculation. • Background Color Transparency Adjust the transparency level of session background colors for better chart visibility. • Enable / Disable Individual Sessions Users can turn ON or OFF: * Tokyo Session * London Session * New York Session * Sydney Session • Session Time Settings Each session has customizable start and end times. • Session Colors Each trading session has its own selectable background color. • Session Alerts Optional alerts for: * Tokyo session start * London session start * New York session start * Sydney session start WHY IT IS UNIQUE: • Fully time-zone adaptive (works globally) • Supports all major forex and crypto trading sessions • Clean background visualization without clutter • Custom session timing flexibility • Individual session enable/disable control • Session start alerts without repainting • Works on all timeframes • Lightweight and optimized Pine Script v6 code Unlike basic session indicators, this tool focuses on clarity, flexibility, and accurate time-zone conversion — making it suitable for both beginners and professional traders. HOW USER CAN BENIFIT FROM IT : • Easily identify high-liquidity market hours • Understand session-based price behavior • Spot session overlaps for increased volatility • Improve timing for entries and exits • Avoid low-volume trading periods • Use alerts to stay disciplined and prepared • Suitable for forex, crypto, indices, and commodities This indicator helps traders align their strategies with institutional trading hours and make better-timed trading decisions.
Indicatore Pine Script®
di Shivam_Mandrai
Short-Term Weekly Refuges (Shelters)## // Introduction // ══════════════ Short-Term Weekly Refuges (Shelters) (WR or RS) is a structural analysis indicator designed to track price action during the current week. It combines a configurable ZigZag with Fibonacci retracements anchored to recent phases, using the Weekly Opening Price (W.O.P.) as a key reference level. This indicator is optimized for 4H timeframe but also works on 1H and 15min charts. ## // Theoretical Foundation of the Indicator // ═══════════════════════════════ The WR (RS) indicator provides a structural framework for following price action during the current trading week. The core concept: Recent ZigZag phases, combined with the Weekly Opening Price, create dynamic support and resistance levels that institutional traders often monitor and use for intraweek positioning. The indicator allows you to select which recent phase (1-10) serves as the Fibonacci anchor. ## // Indicator Objectives // ══════════════════ 1) Display a configurable ZigZag showing recent price structure with numbered phases (1 = most recent). Users should configure the ZigZag parameters based on whether they are analyzing a Major Degree Pattern (larger swings, less noise) or a Minor Degree Pattern (smaller swings, more detail), following standard Elliott Wave terminology. Configure the ZigZag to match the degree of your analysis: use higher Depth values for Major Degree Patterns, or lower values for Minor Degree Patterns. 2) Draw Fibonacci retracements on a user-selected phase, with two modes: • "On ZigZag": Traditional Fibonacci on the selected phase. • "Relative to W.O.P.": Fibonacci from phase anchor (i0) to Weekly Opening Price. 3) Show Weekly Opening Price lines as horizontal references, with the current week's line extended into the future. 4) Provide Pivot Up/Down markers for additional confirmation of local highs and lows. 5) Support multiple simultaneous indicator loads with visual identifier labels to distinguish between different analysis degrees (e.g., "Major Degree Pattern" vs "Minor Degree Pattern"). 6) Optional Embedded Indicator: Enable Intraday Shelters (RID) - percentage-based support/resistance levels calculated from the Daily Opening Price, useful for 1H and 15min trading. ## // Key Features // ══════════════ • **Flexible ZigZag**: Adjustable Depth, Deviation, and Backstep parameters to adapt to any asset's volatility. • **Phase Selection**: Choose from the 10 most recent phases for Fibonacci anchoring. • **Dual Fibonacci Modes**: Trace on the ZigZag phase itself, or relative to the Weekly Opening Price. • **New Age Color Palette**: Professional Fibonacci color scheme used by old school experienced traders. • **Weekly Opening Price (W.O.P.)**: Historical weekly opens plus current week projection. • **"Show Only W.O.P." Mode**: Isolate just the Weekly Opening Price line for cleaner charts on non-4H timeframes. • **Optional Intraday Shelters (RID)**: 11 percentage levels (±0.382%, ±1%, ±1.5%, ±2%, ±2.5%) based on Daily Opening Price. • **Multi-Load Support**: Visual identifier tags and Large Label for running multiple indicator instances simultaneously. ## // Recommended Workflow // ═════════════════════ 1) Load the indicator on a 4H chart. 2) Adjust ZigZag parameters (Depth, Deviation) until the phases match your visual analysis of recent price structure. 3) Select the phase you want to use as Fibonacci anchor (typically Phase 2, 3 or higher). 4) Choose Fibonacci mode: "On ZigZag" for phase analysis, or "Relative to W.O.P." for analysis based on weekly opening price context. 5) Monitor how price interacts with the Fibonacci levels and Weekly Opening Price throughout the week. 6) Optionally enable RID for intraday precision on 1H or 15min charts. ## // Integration with Other Refuge Indicators // ════════════════════════════════ WR (RS) is part of a complete refuge-based analysis ecosystem: • LTR (RLP) (Long-Term Refuges): For automatic determination of the predominant phase of a ZigZag, which institutional investors choose as the basis for a Fibo whose levels calculate the projection for order placement over the following months and years. • LTRS (RLPS) (Simple Long-Term Refuges): Simplified version of LTR in which the known coordinates of the predominant phases (obtained with the LTR indicator) of one or up to five assets are easily captured for permanent long-term operation. • WR (RS) (Short-Term Weekly Refuges): (This indicator) For short-term tactical analysis (4H, 1H) based on chosen phases of a ZigZag that define Fibo levels generated during the near past week(s) and probably effective in the present week. • IDR (RID) (Intra-Day Refuges): For daily operations relying on intraday levels on timeframes of 1H or less. Ideal for scalping traders. By combining LTR, LTRS, WR and IDR, you obtain a multi-level framework that allows you to operate with clarity at any time horizon, from intraday positions to investments spanning months and years. ## // Additional Notes // ════════════════ 1) Default parameters are optimized for volatile assets (crypto, tech stocks). For forex or less volatile instruments, consider reducing Deviation to 3-8%. 2) The "Phase in Development" (dashed line) shows the tentative current ZigZag segment that may still change as new bars form. 3) Bug reports, improvement proposals for the ZigZag generator, pattern determination, or Fibo composition, etc., will be greatly appreciated and taken into account for a future version. Best regards and happy hunting. (Sorry: Spanish translation erased trying to avoid confusing publishing banning rules).
Indicatore Pine Script®
di Masewal_aj_p_oolom
Super OscillatorSuper Oscillator – Intraday Momentum Super Oscillator is a momentum-based oscillator designed for intraday trading, optimized for 1-minute charts and fast market conditions. The indicator uses a zero-centered momentum model with dynamic smoothing and clearly defined zones to help traders identify exhaustion, pullbacks, and momentum shifts without excessive noise. Key Features Zero-centered oscillator for immediate directional bias Dynamic overbought and oversold zones Neutral “dead zone” to avoid low-probability trades Smoothed momentum line with signal line for timing entries Optimized for scalping and short-term intraday trading Fully compatible with TradingView Pine Script v6 How to Use Overbought zone: Look for bearish reactions or momentum exhaustion Oversold zone: Look for bullish reactions or pullbacks Dead zone: Avoid trades when momentum is unclear Use the oscillator as a confirmation tool, always with price action and structure Best Use Case Intraday scalping (1M–5M) Futures markets (indices, metals) NY session trading Disclaimer This indicator does not predict price direction. It measures momentum and exhaustion and should be used as part of a complete trading plan with proper risk management.
Indicatore Pine Script®
di THEGREATNAPLESTRADERX
MarketStructureLab Structure Zones (FREE) This indicator highlights key structural zones where the market is most likely to: • continue the current move • pause, consolidate, or transition into a range There are no buy/sell signals, arrows, or predictions. Only structure, context, and reaction areas. How it works • Detects confirmed swing highs and lows using pivot logic • Filters insignificant moves with an ATR-based threshold • Builds structure zones (ranges, not lines) around key levels • Displays only the active working window around the current price • Shows a simple Market State: Trend / Range / Transition No repaint tricks. No future leaks. Pure price structure. How to use Use the zones as context, not signals: • observe reactions and acceptance • combine with your own entry model (price action, volume, trend filter) • works on any market and any timeframe This tool is designed for traders who prefer clarity over complexity. This is a FREE MVP version. More advanced structure logic and tools will be released in future versions. Not financial advice. market structure, structure zones, support resistance, supply demand, swing, pivot, price action, range, trend, ATR
Indicatore Pine Script®
di MarketStructureLab
1
15 Zaman Kutusu ve 10 Zaman Acilisi15 Range Boxes & 10 Open Lines This indicator is a comprehensive technical analysis tool designed to track specific time intervals (Sessions, Killzones) and critical opening prices on your chart. Key Features: 15 Custom Range Boxes: Individual settings for color, time, and labels. 10 Open Price Lines: Track daily, weekly, or session opens. Smart History Limit: "Son X Kutuyu Goster" feature preventing lag and flickering. Pips Display: Automatically calculates and displays the range width in pips. Minimalist Mode: Hides details when "Cok Kucuk" label size is selected. Language: Fully Turkish menu settings. Note: Inspired by Nephew Sam's concept, coded from scratch with performance optimizations and additional features. DISCLAIMER This indicator is for educational purposes only. It does not constitute financial advice or trading signals. Use at your own risk.
Indicatore Pine Script®
di StonewallJacks
1
MACD-V (Volatility Normalized MACD)Award-Winning Momentum Indicator by Alex Spiroglou (CMT Charles Dao Award & NAAIM Founders Award, 2022) The classic MACD has powered trading decisions for decades, but it suffers from five major limitations that undermine consistency: 1- Readings are not comparable over time (absolute price dependency causes massive scale differences across decades) 2- Not comparable across markets or assets (e.g., stocks vs. forex vs. crypto) 3- No universal overbought/oversold levels 4- Excessive whipsaws in low-momentum/range-bound conditions 5- Lagging signals in high-momentum reversals (e.g., missing big chunks of V-shaped recoveries) MACD-V solves all five issues by normalizing momentum against volatility instead of price. Core Formula MACD-V = (EMA(12) - EMA(26)) / ATR(26) × 100 This expresses momentum in units of Average True Range (ATR), creating a volatility-adjusted oscillator that remains mathematically meaningful and comparable: -Analysts can use MACD-V across any timeframe: -Across any asset class (stocks, forex, commodities, bonds, crypto) -Over decades of history Key Features & Benefits Time-stable & cross-market comparable: A +100 reading today has the same meaning as +100 in the past years, regardless of asset or price level. Universal extremes: ±150 captures ~95% of all readings across markets → extreme/stretched momentum. Momentum Lifecycle Roadmap (objective framework): +150 or < -150: Extreme / overstretched (high reversal risk) +50 to +150 or -50 to -150: Strong directional momentum (rallying, retracing, rebounding, reversing) -50 to +50: Neutral / low momentum / ranging (avoid most signals — high whipsaw zone) Range Rules for regime context: In bullish regimes (price > 200 EMA), -50 to -150 becomes the practical oversold zone; readings below -100 are rare and often powerful buy setups. Opposite in bearish regimes. Improved signal quality: Filter whipsaws in neutral zone, anticipate lag in extremes, prioritize high-probability crosses in strong-momentum bands. MACD-V Histogram (MACD-VH): Normalized short-term momentum with extremes at ±40 for fast reversal detection. Backtesting & strategy-friendly: Enables reliable historical analysis, cross-asset relative strength, and systematic rules MACD-V transforms momentum from subjective art into objective, repeatable science — giving you consistent, actionable insights no matter what you're trading. Use it standalone or layer with trend filters (e.g., 200 EMA), volume, or price action for even stronger edges. Developer: Alex Spiroglou Open-source versions inspired by his work — feel free to fork and improve! Happy trading! 🚀
Indicatore Pine Script®
di KivancOzbilgic
12
Lanovyx# Lanovyx — Setup Window Confluence System ## The Problem This Solves Traditional confluence indicators require all conditions to align on the exact same bar: stochastic must be oversold AND price must touch support AND divergence must form — all simultaneously. In real markets, this rarely happens. Price touches VWAP -2σ, but stochastic doesn't reach oversold until 3 bars later. The opportunity is missed. **Lanovyx solves this with the Setup Window methodology.** --- ## Core Innovation: Setup Windows Instead of requiring simultaneous conditions, Lanovyx separates trading signals into two phases: **Phase 1 — Context Event (Setup Activation)** When a meaningful event occurs, it "opens a window" that stays active for a configurable number of bars: - Price touches VWAP ±2σ or ±3σ band → window opens - Price tests Previous Day High/Low → window opens - Stochastic divergence forms → window opens - Opening Range breakout occurs → window opens - Price reaches Support/Resistance level → window opens Each event adds to a cumulative "setup score" (capped at 8). Higher scores indicate stronger context. **Phase 2 — Trigger (Signal Generation)** Within the active window, when stochastic conditions confirm, a signal fires. The trigger doesn't need to occur on the same bar as the context — it just needs to occur while the window is open. This two-phase approach captures setups that traditional indicators miss entirely. --- ## Why Stochastic + VWAP Confluence Works **VWAP (Volume-Weighted Average Price)** tells us where institutional money has transacted. The standard deviation bands identify statistical extremes: - Price at VWAP -2σ is extended to the downside (potential mean reversion long) - Price at VWAP +2σ is extended to the upside (potential mean reversion short) **Stochastic Oscillator** measures momentum exhaustion. When price reaches a VWAP extreme AND stochastic shows momentum reversing, we have confluence of: 1. Price extension (VWAP bands) 2. Momentum exhaustion (Stochastic) 3. Context validation (Setup Window score) The multi-lane stochastic (14/21/55 periods) adds timeframe confluence — when fast, medium, and slow stochastics align, the signal is stronger. --- ## Five Signal Families Each family targets a specific market condition: ### 1. Trend Entry (T) — Blue Labels **When:** Stochastic pulls back to 25-55 zone (longs) or 45-75 zone (shorts) during established trend **Logic:** In trending markets, pullbacks to the "value zone" offer low-risk entries with trend **Best for:** Trending days with clear directional bias ### 2. Mean Reversion (R) — Green/Red Labels **When:** Stochastic exits oversold (<20) or overbought (>80) with active setup window **Logic:** At VWAP extremes with momentum exhaustion, price tends to revert to mean **Best for:** Range-bound, choppy markets **Requires:** Active setup window (context event must have occurred) ### 3. Breakout (B) — Orange Labels **When:** Stochastic lanes compress ("coil") then expand, crossing the 50 midline **Logic:** Compression precedes expansion; breakout from tight range signals new trend **Best for:** Transition days, post-squeeze moves ### 4. Momentum (M) — Green/Red Labels **When:** Stochastic crosses 50 from extreme zone (<25 or >75) within lookback period **Logic:** Catches V-shaped reversals where regime detection lags the move **Best for:** Fast reversals, news-driven moves ### 5. Counter-Signal / FADE (C) — Purple Labels **When:** A signal fires and immediately fails (stochastic reverses sharply against it) **Logic:** Failed signals often lead to strong moves in the opposite direction (trapped traders) **Confidence gating:** High-confidence fades generate signals; low-confidence show warnings only --- ## Institutional Key Levels Lanovyx incorporates levels that institutional traders use: - **PDH/PDL** (Previous Day High/Low) — Major support/resistance where stops cluster - **PDC** (Previous Day Close) — Settlement price, gap reference - **ORB** (Opening Range) — First 15 minutes high/low, breakout trigger - **IB** (Initial Balance) — First 60 minutes range, institutional benchmark These levels automatically activate setup windows when price interacts with them, adding to the setup score. --- ## Filtering System **ADX Filter:** In strong trends (ADX > 25), blocks counter-trend mean reversion signals to avoid fighting momentum. **HTF Bias Filter:** Optional alignment with higher timeframe (e.g., 1-hour) EMAs. Can block or demote signals that oppose the larger trend. **Regime Detection:** Classifies market as Uptrend, Downtrend, Sideways, or Squeeze using EMA alignment and market structure (HH/HL/LH/LL patterns). --- ## How to Use 1. **Wait for Setup** — Watch for context events (VWAP band touch, key level test, divergence) 2. **Check the Score** — Higher setup scores indicate stronger context (visible in debug mode) 3. **Wait for Trigger** — Let stochastic confirm within the window 4. **Confirm Regime** — Ensure signal type matches market condition 5. **Manage Risk** — Use the ATR-based stop/target levels shown after signals **Strong signals (★)** appear when multiple confluence factors align — these are highest probability setups. --- ## Settings Overview | Setting | Default | Purpose | |---------|---------|---------| | Setup Window | 10 bars | How long context events stay active | | Entry Zone | 25-55 | Stochastic zone for trend pullback entries | | OS/OB Levels | 20/80 | Stochastic extremes for mean reversion | | Stop Loss | 1.5 ATR | Risk management distance | | Target 1 | 2.0 ATR | First profit target (1.33:1 R:R) | Recommended timeframes: 5-minute and 15-minute charts. --- ## Disclaimer This indicator is for educational purposes only and does not constitute financial advice. Past performance does not guarantee future results. Always use proper risk management and never risk more than you can afford to lose. No indicator can predict the future — use this as one input in your trading decision process, not as a standalone system.
Indicatore Pine Script®
di sfbayman
Bitcoin Halving Cycles [DotGain]Halving Cycles A lightweight, time-anchored Bitcoin halving cycle visualizer built for clean charting, repeatable process planning, and simple profit/DCA timing references. This Code was heavily inspired by KevinSvenson_ who created Bitcoin Halving Cycle Profit . What this indicator does This script plots the key “cycle landmarks” relative to each halving date: Halving (⛏) – the cycle anchor Profit START – marks the beginning of the post-halving profit window (default: 40 weeks ) Profit END / Last Call – marks the final phase of the profit window (default: 77 weeks ) DCA START – marks the point where long-term accumulation becomes the focus again (default: 135 weeks ) How to read it Vertical lines = the exact cycle milestones Bottom labels = description of each milestone aligned to its line (keeps the chart clean) Green background (optional) = active Profit Zone on existing bars Red background (optional) = optional warning zone after Profit END HUD Panel (top-right) The HUD gives you a fast “where are we in the cycle?” view with two modes: Current Cycle Shows: Halving date, Weeks since, and time remaining to Profit START / Last Call / DCA START within the current cycle. Next Halving (Projection) Shows: Countdown to the next enabled future halving, plus the projected weeks from today to Profit START / Last Call / DCA START after that future halving. Future Halvings (manual) You can manually add up to 3 future halving dates (Halving #1–#3). This is useful for forward planning and cycle projection even before the event happens. Enable Halving #1 / #2 / #3 Set Year / Month / Day for each Optional: show/hide future markers & projections Note: background zones only shade existing bars . Future projections are shown via lines/labels. Settings overview Show all cycles – plots every enabled cycle (historical + optional future). If disabled, only the current cycle is drawn. Show Profit Zone background – green shading during the active profit window (current cycle only). Show vertical markers + labels – toggles all milestone lines + labels. Show HUD – toggles the HUD panel. HUD Mode – switch between Current Cycle and Next Halving (Projection). Cycle Logic – edit offsets in weeks (Profit START / Profit END / DCA START). Optional Warning Zone – show a post-profit warning shading for a chosen number of weeks. Have fun :) Disclaimer This Halving Cycles indicator is provided for informational and educational purposes only. It does not, and should not be construed as, financial, investment, or trading advice. This indicator is an independent implementation of a time-based Bitcoin halving cycle visualization tool and is not affiliated with, or endorsed by, any third-party trading systems, strategies, protocols, or trademarked methodologies. The cycle zones, milestone markers, and countdown values displayed by this indicator are generated by a predefined set of algorithmic rules based on historical halving dates and user-defined time offsets. They do not constitute a direct recommendation to buy, sell, or hold any financial instrument or digital asset. All trading and investing in financial markets involves a substantial risk of loss. You may lose part or all of your invested capital. Past performance does not guarantee future results. This indicator highlights historical and projected time-based market cycles and may produce false, lagging, incomplete, or misleading signals. Market behavior is influenced by many external factors and can deviate significantly from historical patterns or expectations. The creator DotGain assumes no responsibility or liability for any financial losses, damages, or decisions made based on the use of this indicator or the information it provides. You are solely responsible for your own trading and investment decisions. Always conduct your own research (DYOR), use proper risk management, validate insights with additional tools or analysis, and consider your personal financial situation and risk tolerance before making any financial decision.
Indicatore Pine Script®
di DotGain