Pineify Signals and OverlaysIndicator Theoretical Basis
Pineify Signals and Overlays is an invite-only trend-following and reversal-detection toolkit that fuses four well-known concepts— Dow-Theory trend phases , a multi-pair EMA cloud, QQE momentum, and ATR-based risk management—into a single, weight-balanced engine. An optional multi-time-frame (MTF) filter aligns lower-time-frame signals with higher-time-frame structure, helping traders avoid counter-trend setups. All components can be toggled from the settings panel, and a beginner “One-Click” preset loads a conservative profile out of the box.
Why it’s a single script: The algorithm scores every bar on three orthogonal axes—trend, momentum, and volatility—then issues context-aware arrows and coloured clouds only when the axes agree within user-defined tolerances. This inter-locking logic cannot be reproduced by simply stacking independent indicators on a chart, hence the need for an integrated implementation.
Trend Confirmation
Trend Confirmation: This indicator presents two types of market trends: the primary trend and the secondary trend. The primary trend is the long - term direction of the market and can last for days or months; the secondary trend is the adjustment phase within the primary trend.
This indicator uses the EMA (Exponential Moving Average) and visualizes the trend phases through color filling. The judgment of the trend is that blue plus green indicates a bullish trend, and yellow plus red indicates a bearish trend.
The primary trend of this indicator is visualized by two sets of moving averages through color filling. These two sets of moving averages are used to describe the short - term and long - term trends in the market.
The short - period moving averages and the long - period moving averages each consist of 4 moving averages, with a total of 8 moving averages, representing the short - term fluctuations and trends of the market.
Trend Persistence: Once the primary trend is formed, it will persist for a period of time. This indicator judges based on the Dow Theory. Short - term market fluctuations do not necessarily reflect changes in the primary trend. Therefore, the judgment direction of the primary trend is visualized through color.
The Signals of Buying, Selling and Closing
In the primary trend, we can see signals of trend reversal. This indicator incorporates the "Consecutive Candles". The indicator mainly identifies the overbought or oversold state of the market through a series of consecutive conditions, so as to predict the reversal point. The core of this indicator is to identify a series of consecutive price movements in the market trend and determine whether the market is about to reverse based on this sequence. We visualize the turning points through buy and sell signals.
The trend confirmation system utilizes four pairs of Exponential Moving Averages (EMAs) creating dynamic cloud formations that visualize market direction. Short-period EMAs (5, 8, 20, 34) interact with longer-period EMAs (9, 13, 21, 50) to generate color-coded trend clouds . Blue and green clouds indicate bullish conditions, while yellow and red clouds signal bearish trends, providing immediate visual trend identification.
The presentation of buying and selling points, namely "Quantitative Qualitative Estimation", is a technical indicator that combines the concepts of the Relative Strength Index (RSI) and moving averages. It is used to evaluate market trends, overbought and oversold conditions, as well as potential trend reversal points. The oscillator has a relatively long smoothing period, making the indicator relatively stable, thus enabling the visualization of buy + and sell + signals for trading.
ATR Stop - Loss Line
ATR (Average True Range) is an indicator for measuring market volatility. By using the ATR value to set the stop - loss distance, the stop - loss level can be automatically adjusted according to market volatility, making the stop - loss more flexible.
Core principle
Trend-Cloud Engine
EMA Pairs (5, 8, 20, 34 vs 9, 13, 21, 50)—Two four-EMA sets form “fast” and “slow” envelopes. When the volume-weighted mean of the fast set sits above the slow set and both slopes are positive, the bar is tagged primary bullish; the inverse tags primary bearish. Cloud colours (blue/green vs yellow/red) mirror Dow Theory’s primary/secondary trend hierarchy.
Momentum & Exhaustion Layer
QQE Oscillator (RSI 14, factor 4.238) detects momentum extremes and smooths noise more than a raw RSI, making it better suited for multi-time-frame use.
Consecutive-Candle Counter (default 8) highlights potential exhaustion after extended unidirectional moves; reversal symbols appear only if QQE divergence also exists.
Volatility-Adjusted Risk Line
ATR Trailing Stop (ATR 21, dynamic multiplier) expands in high volatility and tightens in low volatility, offering an adaptive exit reference rather than a fixed-tick stop.
Multi-Time-Frame Confirmation
The script automatically chooses a higher aggregation (e.g., 4 × the chart timeframe) and requires primary-trend agreement before issuing “Long ▲+” or “Short ▼+” confirmations. This guards against false signals during counter-trend rebounds.
Recommended parameters
RSI Length: 14 (QQE calculation base)
QQE Factor: 4.238 (Fibonacci-based multiplier)
ATR Period: 21 (volatility measurement)
EMA Lengths: Configurable short (5,8,20,34) and long (9,13,21,50) periods
Consecutive Candles: Selectable count (8)
Multi-timeframe Filter: Filter is enabled by default, resulting in more accurate signals.
Filters
The multi-timeframe filter enhances signal reliability by confirming trends across higher timeframes. This prevents counter-trend trades by ensuring alignment between current chart timeframe and broader market direction. The filter automatically calculates appropriate higher timeframes for trend confirmation.
Signals & Alerts
The indicator system exports multiple alert signals, and you can easily alert for any signal.
Up Trend : Primary long signal appears
Long - ▲ : Buy signal appears
Long - ▲+ : Confirmation buy signal appears
Long - ● : Primary reversal signal appears
Long - ☓ : Secondary reversal signal appears
Down Trend : Primary short signal appears
Short - ▼ : Sell signal appears
Short - ▼+ : Confirmation sell signal appears
Short - ● : Primary reversal signal appears
Short - ☓ : Secondary reversal signal appears
Originality & Value for Traders
Integrated scoring logic ensures signals fire only when trend, momentum, and volatility metrics corroborate, reducing “indicator conflict”.
Auto-computed MTF pairs mean no manual timeframe juggling.
Weight-balanced QQE/EMA blend creates smoother trend clouds than standard MA crosses, yet remains more responsive than Keltner or Donchian approaches.
One-click beginner profile plus full parameter access supports both novice and advanced users.
Risk 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 (Pineify) 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.
Indicatori e strategie
CandleThis script detects key candlestick reversal patterns such as Bullish/Bearish Engulfing, Doji Reversal, Pin Bar, and Morning/Evening Star. Ideal for swing traders using candle-based price action. Alerts included.
DEXAn indicator that gives buy and sell signals. An experimental indicator that is strong on strong time frames, such as 4 hours.
SIG [S/R (1W-1M-3M TIME-FRAMES)]SIGNALGO Gives High Accuracy Buy Sell Signals Using Support/Resistance Zones.
RSI Divergence Indicator + TrendlinesThe RSI Divergence Indicator with Trendlines is a technical analysis tool that combines the Relative Strength Index (RSI) with price and RSI trendlines to identify potential trend reversals or continuations. It highlights bullish and bearish divergences by comparing the movement of price action against the RSI oscillator, and plots automatic trendlines for visual clarity.
Static ADR/ATR RangesSee how the price is moving in comparison to ATR and ADR to estimate the price movements intraday and anticipate breakouts, targets and stop losses.
RSI Divergence Indicator + TrendlinesThe RSI Divergence Indicator with Trendlines is a technical analysis tool that combines the Relative Strength Index (RSI) with price and RSI trendlines to identify potential trend reversals or continuations. It highlights bullish and bearish divergences by comparing the movement of price action against the RSI oscillator, and plots automatic trendlines for visual clarity.
High Win Rate EMA Scalping with SL/TPParthiban 50 EMA trading strategy
Buy Setup (Long Position)
✔️ Price is above both 50 EMA and 200 EMA.
✔️ Price pulls back near or touches the 50 EMA.
✔️ Support zone is identified near the pullback.
✔️ Bullish reversal candlestick pattern forms (Pin bar, Bullish Engulfing, etc.).
✔️ Enter after the bullish confirmation candle closes.
Sell Setup (Short Position)
✔️ Price is below both 50 EMA and 200 EMA.
✔️ Price pulls back near or touches the 50 EMA.
✔️ Resistance zone is identified near the pullback.
✔️ Bearish reversal candlestick pattern forms (Pin bar, Bearish Engulfing, etc.).
✔️ Enter after the bearish confirmation candle closes.
Triple Confirmation Trend FollowerHere's a robust trading strategy combining *trend following, **momentum confirmation, and **risk management* principles. This strategy uses widely available technical indicators and can be applied to stocks, forex, or commodities (adjust parameters per asset class).
---
### *Strategy: Triple-Confirmation Trend Follower*
*Core Components:*
1. *Trend Filter* (EMA 50 & EMA 200)
2. *Entry Signal* (MACD + Stochastic Oscillator)
3. *Exit Signal* (Chandelier Exit for trailing stop)
4. *Risk Management* (Fixed % risk per trade)
---
#### *Step 1: Trend Identification (Daily Chart)*
- *Bullish Trend Condition:*
EMA(50) > EMA(200)
Rationale: Only trade in the direction of the primary trend.
- *Bearish Trend Condition:*
EMA(50) < EMA(200)
---
#### *Step 2: Entry Signals (4-Hour Chart)*
*Long Entry (All must align):*
1. MACD (12,26,9) crosses *above* signal line.
2. Stochastic Oscillator (14,3,3) crosses *above 20* (oversold rebound).
3. Price closes *above EMA(50)* on the 4H chart.
*Short Entry (All must align):*
1. MACD crosses *below* signal line.
2. Stochastic crosses *below 80* (overbought rejection).
3. Price closes *below EMA(50)* on the 4H chart.
---
#### *Step 3: Exit Strategy*
- *Profit-Taking:*
- Close 50% at *1:1 Risk-Reward Ratio*.
- Trail remainder using *Chandelier Exit (22-period, 3x ATR)*.
- *Stop Loss:*
- Place stop at *entry price - (3x ATR(14))* for longs (vice versa for shorts).
---
#### *Step 4: Risk Management*
- *Per-Trade Risk:* Never risk > *1% of account equity*.
Position Size = (1% Account Equity) / (Entry - Stop Loss)
- *Maximum Drawdown Control:* Halt trading after *6% monthly loss*.
- *Trade Frequency:* Max 3 open positions simultaneously.
---
### *Example Trade (Long)*
| *Parameter* | *Value* |
|----------------------|--------------------|
| Asset | EUR/USD |
| Account Equity | $10,000 |
| Entry Price | 1.0850 |
| Stop Loss (3x ATR) | 1.0800 (50 pips) |
| Position Size | (0.01 × $10k) / 50 = $2 (2 micro lots) |
| Take Profit 1 | 1.0900 (50 pips) → Close 50% |
| Take Profit 2 | Trail with Chandelier Exit |
---
### *Key Advantages*
1. *Trend Alignment:* Avoids counter-trend trades.
2. *Triple Confirmation:* Reduces false signals.
3. *Dynamic Exits:* Locks in profits during trends.
4. *Capital Preservation:* Strict risk controls.
### *Backtesting & Optimization*
- Test on 5+ years of data (adjust EMA/MACD periods per asset volatility).
- Ideal assets: *EUR/USD, **Gold, **S&P 500 ETFs* (high liquidity).
- Win rate: ~55-65% with 1.5:1 avg reward:risk in trending markets.
Candle Color Reversal Pattern (CCRP) with AlertsThe Candle Color Reversal Pattern (CCRP) is a simple yet highly effective reversal concept that I coined and personally use in my own trading. It's designed to spot exhaustion after a streak of candles in one direction, followed by a potential reversal.
Here’s how it works:
After a series of consecutive candles in one color (red or green), I watch for a candle of the opposite color to appear — this is the reversal candle.
If the next candle breaks the high (for green reversal) or low (for red reversal), it confirms the potential entry.
This script includes:
Reversal "heads-up" signals
Confirmed entry triggers
Adjustable streak settings
Customizable marker sizes
Alerts to keep you ahead of the move
I’ve used this across all timeframes and asset classes — and while it works everywhere, I’ve found the higher the timeframe, the stronger the signal.
If you're looking for a clean, rule-based reversal setup that keeps you disciplined and objective, this is one you’ll want to test and make part of your playbook.
Feel free to check out more of my work and join the community over at AdexTrades .
whop.com
#CCRP #AdexTrades #ReversalPattern #PriceAction #TheStrat #TradingEdge
[K]ZLSMA Trend Signals (MTF) This indicator is designed to display entry signals for trend pullbacks/reversals, primarily based on a Zero Lag Simple Moving Average (ZLSMA) for trend identification. By allowing users to modify the ZLSMA period, the indicator can be adapted to suit various currency pairs and their unique volatility characteristics.
Custom Market Time ZonesThis Indicator helps you wait for a trend to form after 30 minutes of NY market open.
After 1pm creates another zone indicating low probability
Multi-Session MarkerMulti-Session Marker is a flexible visual tool for traders who want to highlight up to 10 custom trading sessions directly on their chart’s background.
Custom Sessions: Enter up to 10 time ranges (in HHMM-HHMM format) to mark any market session, news window, or personal focus period.
Visual Clarity: For each session, toggle the highlight on or off and select a unique background color and opacity, making it easy to distinguish active trading windows at a glance.
Universal Time Handling: Session times automatically follow your chart’s time zone—no manual adjustment required.
Efficient and Fast: Utilizes TradingView’s bgcolor() for smooth performance, even on fast timeframes like 1-second charts.
Clean Interface: All session controls are grouped for easy editing in the indicator’s settings panel.
How to use:
In the indicator settings, enter your desired session times (e.g., 0930-1130) for each session you want to highlight.
Toggle “Show Session” and pick a color for each session.
The background will automatically highlight those periods on your chart.
This indicator is ideal for day traders, futures traders, or anyone who wants to visually segment their trading day for better focus and analysis.
LUCY Multi-Timeframe Bias Checker//@version=5
indicator("LUCY Multi-Timeframe Bias Checker", overlay=true)
// === INPUTS === //
emaShort = input.int(8, title="Short EMA")
emaLong = input.int(34, title="Long EMA")
// === CURRENT TIMEFRAME === //
emaShort_curr = ta.ema(close, emaShort)
emaLong_curr = ta.ema(close, emaLong)
bias_curr = emaShort_curr > emaLong_curr ? "Bullish" : "Bearish"
// === HIGHER TIMEFRAMES === //
emaShort_5m = request.security(syminfo.tickerid, "5", ta.ema(close, emaShort))
emaLong_5m = request.security(syminfo.tickerid, "5", ta.ema(close, emaLong))
bias_5m = emaShort_5m > emaLong_5m ? "Bullish" : "Bearish"
emaShort_15m = request.security(syminfo.tickerid, "15", ta.ema(close, emaShort))
emaLong_15m = request.security(syminfo.tickerid, "15", ta.ema(close, emaLong))
bias_15m = emaShort_15m > emaLong_15m ? "Bullish" : "Bearish"
// === PANEL DISPLAY === //
var table biasTable = table.new(position.top_right, 2, 4, border_width=1)
if bar_index % 5 == 0
table.cell(biasTable, 0, 0, "Timeframe", bgcolor=color.black, text_color=color.white)
table.cell(biasTable, 1, 0, "Bias", bgcolor=color.black, text_color=color.white)
table.cell(biasTable, 0, 1, "1-Min", bgcolor=color.gray)
table.cell(biasTable, 1, 1, bias_curr, bgcolor=bias_curr == "Bullish" ? color.green : color.red, text_color=color.white)
table.cell(biasTable, 0, 2, "5-Min", bgcolor=color.gray)
table.cell(biasTable, 1, 2, bias_5m, bgcolor=bias_5m == "Bullish" ? color.green : color.red, text_color=color.white)
table.cell(biasTable, 0, 3, "15-Min", bgcolor=color.gray)
table.cell(biasTable, 1, 3, bias_15m, bgcolor=bias_15m == "Bullish" ? color.green : color.red, text_color=color.white)
LUCY Fixed Candle ColorsBULL and BEAR CHRONICLES BY LUCIFER – Fixed Candle Colors is a unique visual enhancement tool that colors each candle based on specific market behavior, helping traders quickly interpret price momentum and potential sentiment shifts.
🎨 Candle Color Logic:
🟡 Yellow Candle:
Current candle is bullish (close > open)
Previous candle was bearish (close < open )
→ Suggests bullish reversal or breakout attempt.
✅ Green Candle:
Bullish candle (close > open)
Closes above previous high
→ Indicates strong upward momentum.
🔻 Red Candle:
Bearish candle (close < open)
Closes below previous low
→ Suggests strong bearish pressure.
🔵 Blue Candle:
Bearish candle (close < open)
Volume is 1.5x greater than previous candle
→ Highlights high-volume sell-off, often seen in panic selling or breakdowns.
⚙️ Use Case:
This color-coded system acts as a psychological and technical cue, useful for:
Spotting momentum shifts
Identifying exhaustion or volume spikes
Enhancing trend continuation or reversal signals
🧠 Best For:
Price action traders
Volume/momentum traders
Anyone who prefers clean, visual market storytelling over indicator clutter
🔥 Combine this script with the full BULL and BEAR CHRONICLES BY LUCIFER suite for a complete narrative-driven trading system.
LUCY Trend Analysis - MA, EMA, MACDBULL and BEAR CHRONICLES BY LUCIFER is a precision-crafted trend analysis tool that visually narrates the ongoing battle between bulls and bears using a fusion of classic indicators:
🔍 Core Logic:
This script detects trend direction by combining:
8 EMA vs 34 EMA – momentum crossover.
50 MA & 200 MA – broader trend context.
MACD Line vs Signal Line – momentum confirmation.
✅ Trend Conditions:
🟢 Bullish Trend:
8 EMA > 34 EMA
Price > 50 MA & 200 MA
MACD Line > Signal Line
🔴 Bearish Trend:
8 EMA < 34 EMA
Price < 50 MA & 200 MA
MACD Line < Signal Line
⚪ Sideways: When neither condition is fully met.
🎨 Visuals:
Trend labels: "Bullish", "Bearish", "Sideways"
Color-coded moving averages:
8 EMA (orange), 34 EMA (blue)
50 MA (green), 200 MA (red)
Background shading for clear visual cue:
Light green = Bullish
Light red = Bearish
🔔 Built-in Alerts:
Get notified instantly when a bullish, bearish, or sideways condition is triggered.
⚙️ Best For:
Swing Traders
Trend Followers
Strategy Builders are looking for multi-confirmation setups
🔥 Join the Chronicles. Ride with the bulls, run from the bears, or wait out the chaos — all with Lucifer's guidance.
🔥 lucy FullPower_VTS)🐂🐻 BULL and BEAR CHRONICLES
Author: Lucifer
Version: 1.0
Script Type: Overlay / Strategy (specify based on your script)
Tags: bullish, bearish, trend detection, price action, Lucifer, MACD, EMA, volume filter, breakouts, sideways filter, RSI, VWAP
🔥 Overview
BULL and BEAR CHRONICLES by Lucifer is a high-precision, multi-factor trading framework designed to track the ongoing battle between bullish surges and bearish breakdowns. This script combines trend logic, momentum, volume dynamics, and sideways filtering into one coherent system that visually narrates who’s in control—the bulls or the bears.
Built for traders who value structure, confirmation, and clarity, this tool helps you avoid fakeouts and stay aligned with true momentum.
🧠 What It Does
✅ Trend Detection using fast/slow EMAs (e.g. 8/34)
🔄 Momentum Confirmation with MACD crossovers & RSI extremes
🧱 VWAP anchor for institutional price zones
🔊 Volume Spike Detection (relative to recent range)
📉 Sideways Market Filter to avoid entering during low-probability zones
🛑 SL/TP Calculation Zones based on % distance from entry
🎯 Visual Highlights
Color-coded candles or backgrounds based on trend strength
Volume-sensitive visual effects to highlight accumulation/distribution
Optional SL/TP logic for manual trade placement or automation hooks
🧪 Ideal For
Traders who prefer confluence over chaos
Visual learners looking to read market structure at a glance
Systems that thrive in clear bullish or bearish conditions
⚠️ Disclaimer
This tool is designed for educational purposes and discretionary analysis. It does not provide financial advice, and Lucifer (the author) is not responsible for trading outcomes. Always apply proper risk management and test strategies before using real capital.
Pips Levels_KPrice Offset Pips Lines.
This indicator draws four horizontal lines (two above, two below) at customizable PIPS offsets from the current price. It helps visualize potential support/resistance or target levels. Lines are drawn to the right of the current bar with customizable start/end offsets. Price labels are displayed at the right end of each line, automatically formatted to the instrument's precise tick size. Users can customize line thickness, style, color, and label background/text colors, as well as label text size.
Lucifer Signal Engine Lucifer Signal Engine
Author: Lucifer
Version: 1.0
Script Type: Overlay
Tags: buy signal, momentum, breakout, volume spike, MACD, EMA crossover, donchian, trend strategy, lucifer
🧠 Overview
The Lucifer Signal Engine is a powerful multi-factor buy signal generator designed to identify high-probability breakout entries using a combination of momentum, trend, and volume filters.
This tool is ideal for traders who want sharp, fast entries based on confluence from proven technical indicators. When the signal fires, it's because multiple bullish conditions have aligned—what Lucifer calls a “green light from the underworld.”
🔍 Signal Logic
A Lucifer 🚀 Signal appears only when all four conditions are met:
Donchian Channel Breakout: Price breaks above the 20-period high.
EMA Trend Confirmation: The 8 EMA is above the 34 EMA.
MACD Momentum: MACD line is above the signal line and in positive territory.
Volume Spike: Current volume exceeds 2× the 20-bar average (customizable).
This combination filters out weak breakouts and choppy conditions—only highlighting moments of real strength.
📈 Visual Components
✅ Lucifer Signal (🚀): Green label below the bar when all criteria align.
🟠 8 EMA: Tracks short-term trend strength.
🔵 34 EMA: Tracks medium-term direction.
🟢 Donchian High Line: Visual reference for breakout trigger.
🛎️ Alerts
Built-in alert condition:
Lucifer Buy Signal: Triggers when a qualified breakout is detected.
text
Copy
Edit
Lucifer signal on {{ticker}}!
⚙️ Inputs
Donchian Period: Default 20 bars.
EMAs: Fast = 8, Slow = 34.
MACD Settings: Fast = 12, Slow = 26, Signal = 9.
Volume Multiplier: Default 2× average volume over 20 bars.
📌 Best Use Cases
Ideal for momentum traders and breakout scalpers
Works best on liquid assets and trending markets (e.g. crypto, tech stocks, FX majors)
Combine with support/resistance or higher timeframe filters for precision entries
⚠️ Disclaimer
This script provides technical signals based on objective conditions. It does not guarantee success and should be used in conjunction with proper risk management and personal judgment. Always backtest before deploying in live markets.
Breakout Zones with Candle Color and Background Breakout Zones with Candle Color and Background
Version: 1.0
Script Type: Overlay
Tags: support and resistance, breakout zones, candle coloring, trend detection, visual indicator, price action
📘 Overview
This indicator highlights key breakout zones using dynamic support and resistance levels, adding clear background shading and candle coloring to help traders visually track breakout and consolidation behavior.
Whether you're trading ranges, breakouts, or just want clearer price context, this tool simplifies decision-making by showing exactly where price is in relation to recent market structure.
🔍 Features
📏 Auto Support & Resistance
Based on a user-defined lookback period to dynamically track key S/R levels.
🧱 Customizable Zone Padding
Adds a buffer above and below the calculated S/R levels to define a breakout "zone."
🌈 Visual Highlights
Green Background: Bullish breakout above resistance
Red Background: Bearish breakdown below support
Yellow Candles: Price is inside the defined S/R range (indecision or buildup)
📈 Clean Chart Levels
Plots resistance and support lines for clear visual references
🧠 How to Use It
Identify Consolidation: Yellow candles signal the price is inside the zone—watch for potential buildup.
Breakout Alerts: When the background turns green or red, a breakout or breakdown is underway.
Confirm with Volume or Trend Tools: Use this with volume spikes, moving averages, or MACD for confirmation.
🛠️ Settings
Lookback Bars: Number of bars to calculate support and resistance.
Zone Padding% %: Adds buffer to make breakout zones more realistic.
⚠️ Disclaimer
This tool is for educational and analytical purposes. Breakouts may lead to false signals without proper confirmation. Always use risk management and do your own research before trading.
Lucifer v1 – Beginner-Safe Trend ToolAuthor: Lucifer
Version: 1.0
Script Type: Overlay
Tags: trend, support resistance, beginner, bullish breakout, bearish breakdown, EMA strategy, visual trading
🧭 Overview
Lucifer v1 is a beginner-friendly trend detection and breakout visualization tool that blends simplicity with essential price structure analysis. It highlights key support/resistance zones, trend directions using EMAs, and price positioning with intuitive visuals—making it an excellent companion for new traders learning to navigate market momentum.
📊 Key Features
🔍 Automatic Support & Resistance:
Uses a customizable lookback period to detect dynamic support and resistance levels.
🧱 Zone Padding:
Adds a buffer (Zone Padding% %) to create a visual comfort zone, helping traders identify high-probability setups.
📈 Trend Identification with EMAs:
Bull Trend: EMA(10) crosses above EMA(30)
Bear Trend: EMA(10) crosses below EMA(30)
🟡 Zone Logic with Candle Coloring:
Blue candles: Bullish trend within the zone
Red candles: Bearish trend within the zone
Yellow candles: Neutral activity inside the zone
🌈 Breakout Highlights (Background):
Green shading: Bullish breakout above resistance
Red shading: Bearish breakdown below support
📏 Visual Plots:
Red Line: Resistance
Green Line: Support
💡 How to Use
Watch Candle Colors to read market bias inside the zone.
Breakout Backgrounds indicate potential trend continuation or reversal.
Combine with Volume or Momentum Indicators for confirmation.
Ideal for:
🔰 New traders learning structure
⚔️ Swing traders seeking zone-to-zone plays
📐 Visual learners who want clean trend cues
⚠️ Disclaimer
This tool is designed for educational and analytical purposes. Trading carries risk; always combine technical tools with sound risk management and personal judgment. Lucifer (the author) is not responsible for trading decisions based on this tool.
