Previous Day High & Low with Breakout Zones📌 Script Summary: Previous Day High/Low with Breakout Zones and Alerts
This Pine Script plots the previous day’s high and low on intraday charts, and highlights when the current price breaks out of that range during regular trading hours.
✅ Key Features
• Previous Day High/Low Lines: Draws horizontal lines at the prior day’s high and low, updated daily.
• Time-Filtered Session (09:15–15:30 IST): All logic applies only during Indian market hours.
• Breakout Zone Highlighting:
• 🟩 Green background when price closes above previous high
• 🟥 Red background when price closes below previous low
• Dynamic Labels: Displays labeled levels each day on the chart.
• Alerts:
• 🔼 Triggered when price crosses above the previous day’s high.
• 🔽 Triggered when price crosses below the previous day’s low.
• Customizable Inputs:
• Enable/disable alerts
• Toggle breakout zone highlights
• Set label offset
⚙️ Optimized For
• Intraday timeframes (e.g., 5m, 15m, 1h)
• Trading during NSE/BSE market hours
• Breakout strategy traders and range watchers
Indicatori e strategie
XAU/USD Lot Size CalculatorThis indicator automatically calculates the optimal lot size for XAUUSD (gold) based on the level of risk the trader wants to take. It is designed for traders using MetaTrader 4 or 5 and helps adjust position size according to the specific volatility of gold. The user can set the percentage of capital they are willing to risk on a single trade, for example 1%. The indicator also takes into account the stop loss level, which can be entered in pips or in dollars, as well as the account size (balance or equity).
Based on these parameters, it calculates the exact lot size that matches the risk amount. It then displays on the chart the recommended lot size, the risk amount in dollars, the pip value for XAUUSD, and a confirmation of the stop loss level. This type of indicator is useful for maintaining disciplined risk management and avoiding position sizing errors, especially on a highly volatile asset like gold.
Avg daily rangeThe Average Daily Range (ADR) is a technical indicator that measures the average price movement of a financial instrument over a specific period.
Price Reaction Analysis by Day of WeekOverview
The "Price Reaction Analysis by Day of Week" indicator is a tool that enables traders to analyze historical price reaction patterns to technical indicator signals on a selected day of the week. It examines price behavior on a chosen candle (from 1 to 30) in the next day or subsequent days after a signal, depending on the timeframe, and provides success rate statistics to support data-driven trading decisions. The indicator is optimized for timeframes up to 1 day (e.g., 1D, 12H, 8H, 6H, 4H, 1H, 15M), as the analysis relies on day-of-week comparisons. Lower timeframes generate more signals due to the higher number of candles per day.
Key Features
1. Flexible Technical Indicator Selection
Users can choose one of four technical indicators: RSI, SMI, MA, or Bollinger Bands. Each indicator has configurable parameters, such as:
RSI length, oversold/overbought levels.
SMI length, %K and %D smoothing, signal levels.
MA length.
Bollinger Bands length and multiplier.
2. Day-of-Week Analysis
The indicator allows users to select a day of the week (Monday, Tuesday, Wednesday, Thursday, Friday) for generating signals. It analyzes price reactions on a selected candle (from 1 to 30) in the next day or subsequent days after the signal. Examples:
On a daily timeframe, a signal on Monday can be analyzed for the first, fourth, or later candle (up to 30) in subsequent days (e.g., Tuesday, Wednesday).
On timeframes lower than 1 day (e.g., 12H, 8H, 6H, 4H, 1H, 15M), the analysis targets the selected candle in the next day or subsequent days. For example, on a 4H timeframe, you can analyze the second Tuesday candle following a Monday signal. The maximum timeframe is 1 day to ensure consistent day-of-week analysis.
3. Visual Signals
Signals for the analysis period are marked with background highlights in real-time when the indicator’s conditions are met. The last highlighted candle of the selected day is always analyzed. Arrows are displayed on the chart at the candle specified by the “Candles to Compare” setting (e.g., the first candle if set to 1):
Green upward triangles (below the candle) for successful buy signals (the closing price of the selected candle is higher than the signal candle’s close).
Red downward triangles (above the candle) for successful sell signals (the closing price of the selected candle is lower than the signal candle’s close).
Gray “x” marks for unsuccessful signals (no price reversal in the expected direction). Arrow positions are intuitive: buy signals below the candle, sell signals above. Highlights and arrows do not require waiting for future signals but are essential for calculating statistics.
Note: The first candle of the next day may appear shifted on the chart due to timezone differences, which can affect the timing of signal appearance.
4. Signal Conditions (Highlights) for Each Indicator
RSI: The oscillator is in oversold (buy) or overbought (sell) zones.
SMI: SMI returns from oversold (buy) or overbought (sell) zones.
MA: Price crosses the MA (upward for buy, downward for sell).
Bollinger Bands: Price returns inside the bands (from below for buy, from above for sell).
5. Success Rate Statistics
A table in the top-right corner of the chart displays:
The number of buy and sell signals for the selected day of the week.
The percentage of cases where the price of the selected candle in the next day or subsequent days reversed as expected (e.g., rising after a buy signal). Statistics are based on comparing the closing price of the signal candle with the closing price of the selected candle (e.g., first, fourth) in the next day or subsequent days.
Important: Statistics do not account for price movements within the candle or after its close. The price on the selected candle (e.g., fourth) may be lower than earlier candles but still higher than the signal candle, counting as a positive buy signal, though it does not guarantee profit.
6. Date Range
Users can specify the analysis date range, enabling strategy testing on historical data from a chosen period. Ensure the start and end dates are set correctly.
Applications
The indicator is designed for traders who want to leverage historical patterns for position planning. Examples:
On a 4-hour timeframe: If a sell signal highlight appears on Monday and statistics show an 80% chance that the fourth Tuesday candle is bearish, traders may consider playing a correction at the open of that candle.
On a daily timeframe: If a highlight indicates market overheating, traders may consider entering a position at the open of the first candle after the signal (e.g., Tuesday), provided statistics suggest an edge. Users can analyze the signal on the first candle and check later candles to validate results, increasing confidence in consistent patterns.
Key Settings
Indicator Type: Choose between RSI, SMI, MA, or Bollinger Bands.
Selected Day: Monday, Tuesday, Wednesday, Thursday, or Friday.
Candles to Compare: The number of the candle in the next day or subsequent days (from 1 to 30).
Indicator Parameters: Lengths, levels (e.g., oversold/overbought for RSI).
Background Colors: Configurable highlights for buy and sell signals.
Notes
Timeframes: The indicator is optimized for timeframes up to 1 day (e.g., 1D, 12H, 8H, 6H, 4H, 1H, 15M), as the analysis relies on day-of-week patterns. Timeframes lower than 1 day generate more signals due to the higher number of candles per day.
Candle Shift: The first candle of the next day may appear shifted on the chart due to timezone differences, affecting the timing of signals across markets or platforms.
Statistical Limitations: Results are based on the closing prices of the selected candle, ignoring fluctuations in earlier candles, within the candle, or subsequent price movements. Traders must assess whether entering at the open or after the close of the selected candle is profitable.
Testing: Effectiveness depends on historical data and parameter settings. Testing different configurations across markets and timeframes is recommended.
Who Is It For?
Swing and position traders who base decisions on technical analysis and historical patterns.
Market analysts seeking patterns in price behavior by day of the week.
TradingView users of all experience levels, thanks to an intuitive interface and flexible settings.
高级超买超卖 & 变盘信号Very interesting indicator, normalised with four overbought and oversold algorithms, plus a change alert. It's very practical.
Az's EMA Scalper with Trend Confirmation (Fast TF)Az's EMA Scalper with Trend Confirmation combines fast-moving average signals with multi-timeframe trend analysis for precision intraday trading. The strategy uses a customizable moving average (7 types including EMA, HMA, ALMA) applied to Heikin-Ashi or regular candles on user-defined timeframes.
Core Mechanics:
Trend Identification:
Calculates MA values for open/close/high/low prices
Determines trend direction Bullish (green) and bearish (red)
Entry Signals:
Long entries when MA_close crosses above MA_open
Short entries when MA_close crosses below MA_open
Trade filters: LONG/SHORT/BOTH/NONE
Risk Management:
Fixed stop loss (points)
Fixed take profit (points)
Auto-position closing for directional modes
Visual Features:
Colored trend cloud (bullish/bearish)
Optional MA plots for close/high/low
Customizable colors and transparency
Optimized For:
Fast timeframes (1-15min charts)
Configurable trend confirmation (any higher timeframe)
Backtesting window control
The strategy simplifies price action into clear visual trends while maintaining flexibility through 15+ input parameters. Trades align with the dominant trend direction shown by the colored MA cloud, with exits triggered by profit targets, stop losses, or counter-trend MA crosses.
EMA 50/75/120 Golden & Death Cross Strategyuy: When all EMAs are aligned in golden cross order.
Sell: When all EMAs are aligned in death cross order.
Color Coding:
Green: All EMAs rising
Red: All EMAs falling
Gray: Mixed movement
ETF Leverage VerificationDo leveraged ETFs really return what they promise?
Do they return the exact 2x or 3x? Or a slightly different multiple?
How much do they deviate from the promised leverage multiples?
Do these deviations impact investors in a positive or negative manner?
These are the questions that I want to answer with this indicator.
The ETF Leverage Verification indicator challenges the conventional understanding of leveraged ETFs by measuring how they actually perform versus their theoretical targets.
Instead of assuming leveraged ETFs perfectly track their target multiple, this indicator quantifies the real-world behavior by comparing the expected returns versus the actual results on every trading day.
Key Features
Measures actual versus expected performance of leveraged ETFs
Tracks deviation patterns across thousands of trading days
Identifies asymmetric behavior in up versus down markets
Quantifies beneficial "cushioning effect" during market declines
Provides statistical summary of performance patterns
Works with any leverage factor (2x, 3x, -1x, etc.)
Compatible with all leveraged ETFs (equity, bond, commodity, volatility)
How to Use the Indicator
Enter the Expected Leverage Factor (default: 2.0)
Select the Base Asset (underlying index, e.g., SPX)
Select the Leveraged Asset (leveraged ETF, e.g., SSO)
Understanding the Results
Green markers: Days when the ETF outperformed its expected multiple
Red markers: Days when the ETF underperformed its expected multiple
Data Table:
Positive Deviations: Count of days with better-than-expected performance
Negative Deviations: Count of days with worse-than-expected performance
Avg Deviation: Average magnitude of deviation from expected returns
Frequency Skew: Difference between beneficial deviations in down vs. up markets
Impact: Overall assessment of pattern benefit to investors
Summary Label:
Percentage of positive deviations in up and down markets
Total sample size for statistical significance
Key Patterns to Look For
Positive Deviation in Negative Days:
This occurs when a leveraged ETF falls less than expected during market declines. For example, if SPX falls 1% and a 2x ETF falls only 1.8% (instead of the expected 2%), this creates a +0.2% deviation. This pattern is beneficial as it provides downside protection.
Negative Deviation in Positive Days:
This happens when a leveraged ETF rises less than expected during market advances. For example, if SPX rises 1% and a 2x ETF rises only 1.9% (instead of the expected 2%), this creates a -0.1% deviation. This pattern reduces upside performance.
Frequency Skew:
The most critical metric that measures how much more frequently beneficial deviations occur in down markets compared to up markets. A higher positive skew indicates a stronger asymmetric pattern that helps long-term performance.
Mathematical Background
The indicator computes the deviation between expected and actual performance:
Deviation = Actual Return - Expected Return
Where:
Expected Return = Base Asset Return × Leverage Factor
The deviation is then categorized into four possible outcomes:
Positive deviation on positive market days
Negative deviation on positive market days
Positive deviation on negative market days
Negative deviation on negative market days
In short, more positive deviations are good for investors.
Please feel free to criticize. I'm happy to improve the indicator.
F&O Time Zones – Final Fixed📌 This indicator highlights high-probability intraday time zones used in Indian F&O (Futures & Options) strategies. Ideal for scalping, breakout setups, and trap avoidance.
🕒 Covered Time Zones:
• 9:15 – 9:21 AM → Flash Trades (first 1-minute volatility)
• 9:21 – 9:30 AM → Smart Money Trap (VWAP fakeouts)
• 9:30 – 9:50 AM → Fake Breakout Zone
• 9:50 – 10:15 AM → Institutional Entry Timing
• 10:15 – 10:45 AM → VWAP Range Scalps
• 10:45 – 11:15 AM → Second Trap Zone
• 11:15 – 1:00 PM → Trend Continuation Window
• 1:00 – 1:45 PM → Volatility Compression
• 1:45 – 2:15 PM → Institutional Exit Phase 1
• 2:15 – 2:45 PM → Trend Acceleration / Reversals
• 2:45 – 3:15 PM → Expiry Scalping Zone
• 3:15 – 3:30 PM → Dead Zone (square-off time)
🔧 Features:
✓ Clean vertical lines per zone
✓ Optional label positions (top or bottom)
✓ Adjustable line style, width, and color
🧠 Best used on: NIFTY, BANKNIFTY, FINNIFTY (5-min or lower)
---
🔒 **Disclaimer**:
This script is for **educational purposes only**. It is not financial advice. Trading involves risk. Please consult a professional or do your own research before taking any positions.
—
👤 Script by: **JoanJagan**
🛠️ Built in Pine Script v5
Renko Color Change AlertProvides ranko alerts on new buy and sell bars.
Option to custom color the bars.
Really only created this to be able to get alerts when the trend changes from buy to sell, or vice versa
Weinstein Stage Analysis HelperA helper script to visualize the Weinstein Stages intuitively along with other factors like
- Relative Strength
- Volume (On Balance Volume)
- RoE
- P/E
- Growth Rate
- EPS Growth Rate
Madrid Moving Average Ribbon (WMA)Madrid Moving Average Ribbon (WMA version)
This indicator visualizes a ribbon of 19 Weighted Moving Averages (WMA), ranging from 5 to 100 periods in 5-step increments. Each WMA is color-coded based on its slope and its position relative to the 100-period WMA, which serves as a baseline.
Color Logic:
LIME: Strong uptrend (rising and above WMA100)
GREEN: Possible recovery (rising but below WMA100)
MAROON: Potential reversal warning (falling but above WMA100)
RED (RUBI): Confirmed downtrend (falling and below WMA100)
GRAY: Neutral or unclear
Use this indicator to quickly evaluate trend direction, strength, and potential reversal zones.
Ideal for trend-following, swing trading, and visual confirmation strategies.
----
Madrid 이동평균 리본 (WMA 버전)
이 인디케이터는 5에서 100까지 5단위로 증가하는 총 19개의 WMA(가중이동평균)를 리본 형태로 시각화합니다.
각 선은 기준선인 WMA100을 중심으로 기울기와 상대적 위치에 따라 색상이 지정됩니다.
색상 의미:
라임색 (LIME): 강한 상승 추세 (상승 중이며 WMA100 위에 위치)
초록색 (GREEN): 반등 가능성 (상승 중이나 WMA100 아래에 위치)
밤색 (MAROON): 하락 반전 경고 (하락 중이지만 WMA100 위에 위치)
빨간색 (RUBI): 명확한 하락 추세 (하락 중이며 WMA100 아래에 위치)
회색 (GRAY): 방향성 불명확 (횡보 또는 모호한 구간)
이 지표는 추세의 방향성과 강도, 그리고 전환 구간을 빠르게 파악할 수 있도록 도와줍니다.
추세 추종, 스윙 트레이딩, 시각적 확인 보조지표로 적합합니다.
Faisalvolume pro//@version=6
indicator("Faisalvolume Pro", overlay=false)
// إعدادات
maLength = input.int(20, minval=1, title="Volume MA Length")
highVolumeMultiplier = input.float(1.5, title="High Volume Multiplier")
// بيانات
vol = volume
volMA = ta.sma(vol, maLength)
// شروط
isHighVol = vol > volMA * highVolumeMultiplier
isAboveMA = vol > volMA
// لون العمود
barColor = isHighVol ? color.rgb(18, 163, 42) : isAboveMA ? color.rgb(226, 20, 20) : color.gray
// رسم المؤشر
plot(vol, title="Volume", style=plot.style_columns, color=barColor)
plot(volMA, title="Volume MA", color=color.orange, linewidth=2)
Volume Exhaustion RSI Reversal StrategyKey Features:
Volume Logic:
1. Identifies two consecutive red bars (down periods) or green bars (up periods)
2. First down or up bars has the highest volume of the three
3. Volume decreases on the second down or up bars
4. Current (third) bar is green for up Reversal or red for down Reversal with higher volume than second bar
RSI Logic:
Uses standard 14-period RSI
Detects "V" shape pattern (decline, trough, rise)
Requires trough value <= 30 (oversold condition) or <= 70 (overbought condition)
Current bar shows RSI rising from trough
Execution:
Enters long/Short position when both volume and RSI conditions are met
Plots green "BUY/SELL" labels below the trigger candle
Visualization:
Green "BUY/SELL" labels appear below qualifying candles
Strategy positions shown in the strategy tester
How To Use:
Apply to any timeframe (works best on 5M-15M charts)
Combine with price action confirmation for example when candle 3 closes above candle 2 for "BUY" Or when Closes below for "SELL"
Ideal for oversold reversals in downtrends
Works best with volume-based assets
Note: The strategy enters at the close of the trigger candle. Always backtest before live trading and consider adding stop-loss protection.
AdelVolume Clone//@version=6
indicator("Faisalvolume Clone", overlay=false)
// إعدادات
maLength = input.int(20, minval=1, title="Volume MA Length")
highVolumeMultiplier = input.float(1.5, title="High Volume Multiplier")
// بيانات
vol = volume
volMA = ta.sma(vol, maLength)
// شروط
isHighVol = vol > volMA * highVolumeMultiplier
isAboveMA = vol > volMA
// لون العمود
barColor = isHighVol ? color.red : isAboveMA ? color.lime : color.gray
// رسم المؤشر
plot(vol, title="Volume", style=plot.style_columns, color=barColor)
plot(volMA, title="Volume MA", color=color.orange, linewidth=2)
WMA cross with filtered Signals [Dr.K.C.Prakash]WMA cross with filtered Signals
📌 Description
This indicator is designed to generate trend-filtered Buy and Sell signals based on the crossover of two Weighted Moving Averages (WMAs), with confirmation from a long-term EMA trend filter.
It helps traders avoid false signals in choppy markets by trading only in the direction of the broader trend.
✅ Features
Fast WMA (?) and Slow WMA (?)
Core crossover logic for detecting local trend shifts.
EMA Trend Filter (?)
Confirms overall trend direction.
Buy signals only occur when price is above the EMA ? (uptrend).
Sell signals only occur when price is below the EMA ? (downtrend).
Signal Markers on Chart
BUY label below bar for valid bullish crossovers.
SELL label above bar for valid bearish crossunders.
EMA 200 Line
Clearly plotted to visualize the trend filter level.
Customizable Length Inputs
Users can adjust Fast WMA, Slow WMA, and EMA filter length.
Lines for both WMAs and the EMA trend filter.
Signal labels on valid Buy/Sell events.
✅ Use Cases
Trend-following traders who want cleaner entries.
Avoiding counter-trend signals.
Works on any timeframe (but EMA 200 is best for larger trend context).
GCM Bull Bear RiderGCM Bull Bear Rider (GCM BBR)
Your Ultimate Trend-Riding Companion
GCM Bull Bear Rider is a comprehensive, all-in-one trend analysis tool designed to eliminate guesswork and provide a crystal-clear view of market direction. By leveraging a highly responsive Jurik Moving Average (JMA), this indicator not only identifies bullish and bearish trends with precision but also tracks their performance in real-time, helping you ride the waves of momentum from start to finish.
Whether you are a scalper, day trader, or swing trader, the GCM BBR adapts to your style, offering a clean, intuitive, and powerful visual guide to the market's pulse.
Key Features
JMA-Powered Trend Lines (UTPL & DTPL): The core of the indicator. A green "Up Trend Period Line" (UTPL) appears when the JMA's slope turns positive (buyers are in control), and a red "Down Trend Period Line" (DTPL) appears when the slope turns negative (sellers are in control). The JMA is used for its low lag and superior smoothing, giving you timely and reliable trend signals.
Live Profit Tracking Labels: This is the standout feature. As soon as a trend period begins, a label appears showing the real-time profit (P:) from the trend's starting price. This label moves with the trend, giving you instant feedback on its performance and helping you make informed trade management decisions.
Historical Performance Analysis: The profit labels remain on the chart for completed trends, allowing you to instantly review past performance. See at a glance which trends were profitable and which were not, aiding in strategy refinement and backtesting.
Automatic Chart Decluttering: To keep your chart clean and focused on significant moves, the indicator automatically removes the historical profit label for any trend that fails to achieve a minimum profit threshold (default is 0.5 points).
Dual-Ribbon Momentum System:
JMA / Short EMA Ribbon: Visualizes short-term momentum. A green fill indicates immediate bullish strength, while a red fill shows bearish pressure.
Short EMA / Long EMA Ribbon: Acts as a long-term trend filter, providing broader market context for your decisions.
"GCM Hunt" Entry Signals: The indicator includes optional pullback entry signals (green and red triangles). These appear when the price pulls back to a key moving average and then recovers in the direction of the primary trend, offering high-probability entry opportunities.
How to Use
Identify the Trend: Look for the appearance of a solid green line (UTPL) for a bullish bias or a solid red line (DTPL) for a bearish bias. Use the wider EMA ribbon for macro trend confirmation.
Time Your Entry: For aggressive entries, you can enter as soon as a new trend line appears. For more conservative entries, wait for a "GCM Hunt" triangle signal, which confirms a successful pullback.
Ride the Trend & Manage Your Trade: The moving profit label (P:) is your guide. As long as the trend line continues and the profit is increasing, you can confidently stay in the trade. A flattening JMA or a decreasing profit value can signal that the trend is losing steam.
Focus Your Strategy: Use the Display Mode setting to switch between "Buyers Only," "Sellers Only," or both. This allows you to completely hide opposing signals and focus solely on long or short opportunities.
Core Settings
Display Mode: The master switch. Choose to see visuals for "Buyers & Sellers," "Buyers Only," or "Sellers Only."
JMA Settings (Length, Phase): Fine-tune the responsiveness of the core JMA engine.
EMA Settings (Long, Short): Adjust the lengths of the moving averages that define the ribbons and "Hunt" signals.
Label Offset (ATR Multiplier): Customize the gap between the trend lines and the profit labels to avoid overlap with candles.
Filters (EMA, RSI, ATR, Strong Candle): Enable or disable various confirmation filters to strengthen the "Hunt" entry signals according to your risk tolerance.
Add the GCM Bull Bear Rider to your chart today and transform the way you see and trade the trend!
ENJOY
Turtle Strategy Pullback EntryThis strategy, titled “Turtle Strategy Pullback Entry”, is a trend-following system designed to capture breakouts more efficiently by entering after a slight pullback. Instead of buying immediately when the price breaks the 20-day high, the strategy waits for the price to pull back by 1% below that high, offering a better entry point and reducing the chances of false breakouts. Once the pullback level is reached, a long position is initiated. The trade is then managed using three exit conditions: it will close if the price drops 1.4% below the entry (acting as a stop loss), if the price rises 1.8% above the entry (taking profit), or if the price closes below the 20-day low, which serves as a trend invalidation signal. The position size is based on 100% of the equity by default, and the chart visually shows the 20-day high, low, and pullback level along with a green background when a position is active. This approach helps traders ride strong trends while avoiding premature entries, making it suitable for swing or position trading across stocks, forex, or crypto markets.