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Indicatori e strategie

1M/2M Scalping BUY/SELL IndicatorScript Name: CHN BUY SELL v5 — Multi-Timeframe EMA + RSI + Candlestick Patterns This script is a powerful multi-signal trading tool designed for scalping and trend-based strategies, combining multi-timeframe EMA, RSI-based conditions, and classic candlestick patterns to generate buy/sell signals. 🔧 Key Features: Multi-Timeframe EMA 200: Plots the EMA 200 from multiple timeframes (2m, 5m, 10m, 15m) to visualize higher timeframe trends on the current chart. RSI Analysis: Calculates RSI using configurable length. Highlights Overbought and Oversold zones. Custom bar coloring based on RSI level (e.g., orange when overbought, purple when oversold). Candlestick Pattern Detection: Bullish/Bearish Engulfing Hammer & Shooting Star Two Consecutive Green or Red Bars Buy/Sell Signal Logic: Generates buy/sell labels when RSI aligns with engulfing candle patterns or other configurations. Optional pattern detection can be enabled/disabled via settings (e.g., hammer signals or two-bar confirmations). Visuals: Clear labels and shapes on chart for each signal type. Multiple EMA lines help identify trend direction across timeframes. Alerts: Built-in alert conditions for: General RSI signal Buy/Sell signals Hammer or Shooting Star detections 🧠 How to Use: Apply this script to a low timeframe chart (e.g., 1m, 2m). Example : Trade 2M chart - Use EMA 200 at 10M timeframes. Use the higher timeframe EMA to trade in the direction of the major trend. Watch for RSI + pattern confluence signals for higher probability entries. Let me know if you'd like a shorter version or one tailored for publishing to the TradingView public library.
Indicatore Pine Script®
di JamesNguyenn
Quantum Core Engine (TechnoBlooms) ✅ Overview The Quantum Core Engine is a next-gen precision trading indicator that fuses multiple advanced signal systems into one intelligent visual suite. Built on the backbone of the Quantum Concept series, this tool integrates: Quantum RSI (QRSi) Wave Function MACD Quantum Moving Average (QMA) Entropy Bands Using trend logic and entropy confirmation, it delivers a clean directional signal system with smart dashboard display and triangle markers for actionable trade confirmation. When all conditions align — momentum, volatility, and trend — a triangle forms below or above the candle, filtering noise and signaling high-conviction moves. 🔍 Key Features ✅ Quantum RSI (QRSi) A dynamic, decay-weighted momentum oscillator — smoother than standard RSI and more sensitive to trend shifts. ✅ Wave Function MACD Enhanced with phase energy logic and smoothing, this MACD variant calculates directional strength with rotational precision. ✅ Quantum Moving Average (QMA) A multi-timeframe, weighted EMA blend that adapts to your chart’s structure, giving deeper insight into trend strength. ✅ Entropy Bands Advanced bands combining normalized entropy and ATR to highlight compression zones and breakout volatility. ✅ Dashboard Panel A compact, always-on visual block showing: QRSi value (green if >50) MACD histogram (scaled & color-coded) Entropy % (normalized between recent high/low) QMA Trend Direction (Bullish or Bearish) ✅ Directional Triangle Signals When QRSi, MACD, Entropy, and QMA align in trend direction and entropy > 60, a green (bullish) or red (bearish) triangle appears for high-confidence execution. ✅ Optional Bar Coloring Toggleable bar colors to visually enhance uptrend/downtrend structure. ⚙️ How to Trade with the Dashboard Monitor Dashboard Values: QRSi above 50 and rising → positive momentum MACD Histogram above 0 and increasing → energy expansion Entropy > 60 → confirms significant volatility context QMA Trend = Bullish → price above the trendline Wait for Triangle Signal: Green triangle below candle = full bullish alignment Red triangle above candle = full bearish alignment Entry Strategy: Enter long after a green triangle appears and price closes above recent resistance or structure Enter short after a red triangle appears and price breaks below support Exit & Management: Use QMA line or Entropy Bands as dynamic stop or trailing levels Consider exiting if dashboard values diverge (e.g., MACD or QRSi weakens while in trade) 👤 Ideal For Visual traders seeking clarity and structure Trend-followers who use multi-timeframe confluence Algorithmic thinkers preferring signal-driven decisions Scalpers and swing traders needing quick directional bias Anyone using advanced price action with volatility filtering
Indicatore Pine Script®
di TechnoBlooms
Bitcoin Macro Oscillator | [DeV]The Bitcoin Macro Oscillator (BMO) is a sophisticated fundamental indicator designed to provide a comprehensive view of Bitcoin’s market conditions by combining four key on-chain metrics: the Market Value to Realized Value (MVRV) Ratio, Volume-Weighted Average Price (VWAP) Ratio, Cumulative Value-Days Destroyed (CVDD) Ratio, and Sharpe Ratio. These metrics are individually z-scored and weighted according to user-defined preferences, then averaged to produce a single oscillating value, the BMO Z-score. This helps users identify whether Bitcoin is in a bullish (above zero) or bearish (below zero) phase, offering insights into potential market tops, bottoms, and overall trend strength. Inspired and reverse engineered from the BMO of Woonomics, this indicator is enhanced with a customizable moving average. Market Value to Realized Value (MVRV) Ratio The MVRV Ratio compares Bitcoin’s current market capitalization (price multiplied by circulating supply) to its realized capitalization (the value of all coins at the price they were last moved on the blockchain). Calculated as MVRV = Market Cap / Realized Cap, it is then z-scored over a user-defined lookback period (default 120 days). This metric tracks whether Bitcoin is overvalued (high MVRV, suggesting a market top) or undervalued (low MVRV, indicating a potential bottom), providing a gauge of investor profitability and market sentiment. Volume-Weighted Average Price (VWAP) Ratio The VWAP Ratio measures Bitcoin’s current price against its volume-weighted average price, which is computed by summing the product of price and volume over a lookback period (default 120 days) and dividing by total volume, with a fallback to the current price if volume is zero. The ratio is z-scored to standardize it. This tracks the relationship between price and the average price paid with volume consideration, helping identify overbought or oversold conditions—high values may signal tops, while low values suggest bottoms. Cumulative Value-Days Destroyed (CVDD) Ratio The CVDD Ratio is based on the CVDD metric, which estimates the total value of Bitcoin that has been “destroyed” (spent at a loss) over time, approximated here using a longer-term simple moving average (SMA) of the price over twice the lookback period. The ratio is calculated as the current price divided by this CVDD price, then z-scored. It tracks the accumulation of value destruction, with low values indicating bearish exhaustion and high values suggesting bullish momentum. Sharpe Ratio The Sharpe Ratio assesses Bitcoin’s risk-adjusted return by comparing the average return (calculated as the natural log of the price change) to its volatility (standard deviation of returns) over a user-defined Sharpe lookback period (default 180 days). If volatility is zero, it defaults to zero to avoid errors. This z-scored value tracks whether Bitcoin’s price movements offer a favorable return for the risk taken—positive values indicate good risk-adjusted performance, while negative values suggest caution. Together, the MVRV, VWAP, CVDD, and Sharpe Ratio metrics provide a multi-faceted view of Bitcoin’s market health, with each contributing unique insights into valuation, volume, value destruction, and risk-adjusted performance. Their weighted combination into the BMO Z-score balances these inputs to offer a unified signal, enhanced by a customizable moving average (default 90-period EMA) that smooths the Z-score for trend confirmation—rising when bullish, falling when bearish. Credit to Woonomics for inspiring this robust framework, which adapts their BMO concept into a flexible, user-tailored tool.
Indicatore Pine Script®
di DeVrizii
Stage Cycle AnalysisStage Cycle Analysis — Stage 1 to 4 This indicator visualizes the four stages of price cycles inspired by Stan Weinstein's Stage Analysis, helping traders identify where a stock is in its broader trend cycle. 🚦Stage Logic Breakdown: Stage 1: Basing Price is above 50/150/200 SMAs. SMAs are flat or not sloping up. Indicates accumulation before a potential uptrend. Stage 2: Uptrend Price remains above all SMAs. All SMAs are sloping up. Confirms trend strength and momentum. Stage 3: Distribution Price still above long-term SMAs (150/200). All SMAs flatten out. Often seen near tops — suggests weakening trend. Stage 4: Downtrend Price is below all SMAs. All SMAs sloping down. Confirms bearish momentum. 📌 Features: Automatically detects and labels each stage on the chart. Labels show only on transition, keeping the chart clean. Uses SMA 50, 150, and 200 as trend filters. Works across all timeframes (optimized for daily and weekly). 🎯 How to Use: Combine with volume and support/resistance analysis. Use Stage 2 entries for momentum trades. Avoid Stage 3/4 for long positions. Stage 1 can be useful for spotting early accumulations. Built for clarity and simplicity, this tool helps traders visually map the stage cycle with minimal noise.
Indicatore Pine Script®
di nithinshenoy7
TWAP/VWAP AUTO SHIFTER Bands🟢 TWAP/VWAP AUTO SHIFTER Bands – NinjaTrader Logic + Dynamic Deviation Zones 📌 Overview This powerful tool combines institution-grade price anchoring (VWAP/TWAP) with adaptive volatility bands and smart zone visualization. The core innovation: a toggleable VWAP logic engine, letting traders switch between: * 🧠 Standard TradingView VWAP/TWAP * 🧠 Custom NinjaTrader-style VWAP logic (faithfully ported for Pine Script 6) Use it to visualize where price is anchored, where trend turns, and where hidden liquidity or mean-reversion zones may be forming. 🎯 What This Script Does This indicator plots: 1. A central VWAP/TWAP line, anchored to -any timeframe or custom period- 2. Karma trend line using adaptive volatility envelopes 3. Dynamic bands that react to price range, volatility, and momentum 4. Optional range-based zones using Fibonacci-like ratios for structure detection 5. A visual "hidden fill" shading system to highlight bullish or bearish control 🚀 Unique Features 🧮 1. NinjaTrader VWAP Logic (Optional) When enabled, this mode replaces TradingView’s default VWAP with a custom weighted average based on: mean = average of ((high + low) and (open + close)) VWAP = sum(mean × volume) / sum(volume) ✔ Gives more stable center in volatile conditions ✔ Matches many institutional VWAP tools Use the toggle: ☑️ “Use NinjaTrader VWAP Formula” To activate this precision logic. 🕰 2. Anchor VWAP/TWAP to Any Timeframe Choose your VWAP anchor from: * D = Daily * W = Weekly * M = Monthly * Or define your **own custom timeframe** (e.g., “240” or “15”) This makes it: ⏳ Perfect for day traders anchoring intraday 🧭 Valuable for swing traders observing weekly bias 🧱 Solid for long-term positioning 📊 3. Karma Deviation Line (Trend Pulse) The Karma line uses an adaptive efficiency ratio + fast/slow deviation logic to track momentum shifts. * When it crosses above VWAP: possible bullish control * When it falls below: possible reversion risk It uses smoothed deviation bands to filter noise. 🎨 4. Hidden Fills & Range Bands Zone shading makes this one of the most visual VWAP bands indicators out there: * Red shade = aggressive push above VWAP * Green shade = price collapsing under VWAP * White “internal channel” = tight inner value zone * Purple/gray bands = map structural levels for profit-taking, fading, or breakout watch 🧠 How to Use It 🧩 VWAP Anchoring * Set timeframe to match your strategy horizon * Use custom anchor (like 15m, 2h) to match intraday setups 🧠 Ninja Logic * Enable to use VWAP matching NinjaTrader and institutional backends * Recommended for high-volume or low-liquidity instruments 📈 Karma Bands * Look for Karma line breaking VWAP from below → early trend * Look for Karma curling down inside green zone → mean reversion 📐 Range Zones * Use shaded fills to visualize exhaustion * Watch for clean bounces off internal ratios ⚙️Recommended Settings | Style | Setting | | -------------------------------| ------------------------------------ | | VWAP Mode | NinjaLogic ON (for precise behavior) | | Anchor TF | Daily (or custom intraday like 30m) | | Deviation | Fast: 50, Slow: 200 | | Show Range Marks | ON | | Hidden Zones | ON (for visual clarity) | 🧪 Tested On: * BTC/ETH/USD * Nifty Futures * NASDAQ Stocks * SPY/QQQ * Crude Oil and Metals 📝 Author’s Note Remember that this is an educational idea and past performance is not assurance of future performance. 🟢 Happy Anchoring!
Indicatore Pine Script®
di Pratik_4Clover
Momentum Flow Matrix — VWAP × RSI × ADX × Volume🧠 Momentum Flow Matrix — VWAP × RSI × ADX × Volume 📌 OVERVIEW The Momentum Flow Matrix is a compact yet powerful multi-factor market diagnosis tool. It combines institutional-grade price anchoring (VWAP) with momentum and volume analytics (RSI, ADX, volume spikes) and displays the result as a clean dashboard widget on your chart. You’ll instantly know: 1. Where price is anchored 2. Whether momentum is building or fading 3. Whether volume is supporting the move 4. Whether it’s a high-probability continuation or a risk of mean reversion 🚀 FEATURES ✅ 1. NinjaTrader VWAP Logic (Optional Toggle) The VWAP calculation can be switched between: 📊 TradingView's native ta.vwap 🧠 Custom NinjaTrader-style VWAP, based on: VWAP = sum( ((open+close)/2 + (high+low)/2)/2 × volume ) / sum(volume) This more nuanced formula better reflects institutional execution levels. ⏰ 2. Anchor VWAP to Any Timeframe Choose your VWAP anchor period from: Daily, Weekly, Monthly Intraday (e.g. 60-min, 240-min) Custom (e.g. 15-min for scalpers) This makes FlowM suitable for all timeframes and trading styles. 📉 3. RSI Monitoring with Color Zones Dynamically highlights overbought/oversold conditions Color-coded (red, green, gray) in the matrix Can be used alone or combined with other signals 📈 4. ADX & DI Trend Strength Detection Computes trend strength (ADX) and direction (DI+, DI–) Classifies price action as: ✅ Bullish trend 🔴 Bearish trend ⚫ Neutral/no trend 🔥 5. Volume Spike Pulse Flags when current volume exceeds historical average Helps identify breakouts, panic dumps, or institutional interest 🧮 6. Momentum Score (0–100%) A weighted combination of all components to produce a single momentum health score: RSI state ADX strength Directional bias (DI) Volume strength Color-coded in real time: 🟢 Above 60%: Bullish bias 🔴 Below 40%: Bearish bias ⚪ Between: Neutral / Transition 🧑‍🏫 HOW TO TRADE WITH IT 📌 Setup Example 1 — Trend Continuation VWAP rising (anchored to 1H or Daily) RSI in the 50–60 range (not OB yet) ADX > 25, DI+ > DI– Volume spike present ✅ Matrix score > 70% 🟢 Trade idea: Long breakout entry with tight stop just under VWAP 📌 Setup Example 2 — Mean Reversion Price above VWAP but RSI > 70 ADX < 20 Momentum % < 45% Vol spike recently happened and faded 🔴 Trade idea: Short pullback into VWAP or fade extreme extension 📌 Setup Example 3 — Reversal Emerging VWAP flat or down, but price just reclaimed it RSI rising from oversold ADX < 25 but DI+ crossing over DI– Volume starting to rise ⚪ Trade idea: Early entry before full trend confirmation 🖼 VISUAL OUTPUT (Widget Example) ──────────────────────────── - Signal Value ──────────────────────────── - VWAP 45123.75 - RSI 61.2 🔴 - ADX 27.4 🟢 Bull - Vol Spike 🔥 Yes - Momentum % 75% 🟢 ───────────────────────────── ✅ Positioned in the top-right of your chart ✅ Non-intrusive, always-on, highly visual ⚙️ CUSTOMIZATION OPTIONS VWAP formula (Ninja vs TV) Anchor timeframe RSI, ADX lengths Volume spike threshold Toggle widget on/off Clean and fast performance (optimized for Pine v6) 🧪 Best Use Cases Intraday scalping (15m VWAP + short RSI/ADX) Trend confirmation for swing entries (1H–4H anchors) Momentum scoring for options traders Exit management when scores begin to fade 🎁 Final Notes FlowM was built to be intelligent, visually elegant, and truly multidimensional. Whether you're a scalper, swing trader, or algo developer — this matrix simplifies complex conditions into clean, actionable insight. 👉 Try adding FlowM to your existing chart templates. 👉 Combine it with order flow or liquidity zones for maximum edge. Please note that this is an educational idea and past performance may not be replicable in the future.
Indicatore Pine Script®
di Pratik_4Clover
Money NoodleMoney Noodle Indicator - How It Works The Money Noodle indicator is a trend-following and support/resistance tool that combines multiple exponential moving averages (EMAs) with dynamic volatility-based bands to create a comprehensive trading system. Core Components 1. Triple EMA System ("The Noodles") Fast EMA (12): Most responsive to price changes, shows short-term momentum Medium EMA (21): Intermediate trend direction Slow EMA (35): Main trend line that acts as the central reference point The "noodle" effect comes from how these three EMAs weave around each other and the price action, creating curved, flowing lines that resemble noodles. 2. Dynamic Volatility Bands Upper Band: Main EMA + (ATR × Band Multiplier) Lower Band: Main EMA - (ATR × Band Multiplier) Uses a 20-period ATR (Average True Range) to measure market volatility Band width automatically adjusts - wider during volatile periods, tighter during consolidation How It Functions Trend Identification: When all three EMAs are aligned (fast > medium > slow), it indicates a strong uptrend When EMAs are inverted (fast < medium < slow), it signals a downtrend EMA crossovers provide early trend change signals Support & Resistance: The bands act as dynamic support and resistance levels Price tends to bounce off the bands during trending markets Band breaks often signal strong momentum moves or trend changes Volatility Assessment: Band width indicates market volatility - wider bands = higher volatility ATR-based calculation makes the bands adaptive to current market conditions The 0.0125 multiplier provides optimal sensitivity for most timeframes Trading Applications Entry Signals: Buy when price bounces off the lower band with EMA alignment Sell when price bounces off the upper band against the trend Breakout trades when price decisively breaks through bands Trend Following: Use the main EMA (35) as your trend filter Trade in the direction of EMA alignment The "noodles" help identify trend strength - tighter = stronger trend Risk Management: Bands provide natural stop-loss levels Band width helps size positions (wider bands = smaller size due to higher volatility) The indicator works best on daily timeframes and provides a visual, intuitive way to read market structure, trend direction, and volatility all in one tool.
Indicatore Pine Script®
di Angelo0x
Custom Time Frame Background with High-Low🔍 Explanation: Custom Time Frame Calculation: Converted to minutes, then used with time("xxx") to detect new periods. New Period Detection: Using ta.change(time("xxx")). Track High/Low: Variables (var) keep high/low values and reset on each new period. Background Plotting: Uses bgcolor only during defined custom time frames. Plot High/Low Lines: Visual representation of range boundaries for each time frame. ✅ Example Use: Set Custom Hours = 4 → The chart background alternates color every 4 hours. Displays background and high/low range lines for each custom time period. If you would like to extend the script further—such as showing only during specific times of day (e.g., market open/close from 9:00 to 16:00)—I can help with that as well. Just let me know. To make your Pine Script display the background only during custom time frames and also show the high and low values of that period, we need to: Track the high (high) and low (low) of each custom time frame Highlight the background only during that specific period
Indicatore Pine Script®
di MMTower
1
StarsAlignStarsAlign Indicator The StarsAlign indicator identifies potential buy opportunities by combining three key technical conditions for precise market entry signals. A "BUY" flag is plotted on the chart when: RSI is below 30, indicating oversold conditions. Price is at or below the 190-day Simple Moving Average, suggesting a potential support level. Average True Range (ATR) changes direction, signaling a shift in market volatility. Features: Customizable inputs for RSI length, oversold level, moving average period, and ATR length. Visual "BUY" labels for clear entry signals. Overlays the 190-day SMA for reference. Usage: Ideal for traders seeking confluence in oversold conditions, trend support, and volatility shifts. Apply to any timeframe or market, and adjust parameters to suit your strategy. Always combine with other analysis for best results.
Indicatore Pine Script®
di WaterMiner
1
EMA Color Candle Volume + Dashboard with TP/SLMain Features Buy/Sell Signals from EMA Crossover This indicator uses a short-term EMA, a long-term EMA, and an average EMA to identify points where the short-term EMA crosses above or below both the long-term and average EMAs. These crossover points act as buy or sell signals. Candle Colors Based on Volume Pressure The indicator changes the color of the candlesticks based on buying and selling pressure calculated from trading volume. There are four main colors that indicate the strength of buying or selling pressure for each candle: Blue: High buying volume – Green candle with volume above the average Green: Normal buying volume – Green candle with volume at or below the average Red: Normal selling volume – Red candle with volume at or below the average Orange: High selling volume – Red candle with volume above the average Volume Pressure Calculation The calculation does not separate volume by price level (e.g., delta volume). Instead, it uses the total volume of each candle and derives pressure from the candle color: If the candle is green (Close > Open): It’s considered "buy pressure", assigning 0.7 weight to buying and 0.3 to selling If the candle is red (Close < Open): It’s considered "sell pressure", assigning 0.7 weight to selling and 0.3 to buying Then, a 20-period SMA is calculated to compare with the current buy/sell pressure. BUY/SELL Labels with Volume When enabled, a “BUY” or “SELL” label will appear on the candle along with the trading volume. You can choose the label size (small, medium, large) for better display visibility. Repaint System (Toggle On/Off) You can choose whether the EMA calculations update in real-time (may repaint) or use the previous candle’s data for more stable signals. Trend Zone Highlight The background of the chart will turn light green or light red based on EMA trend direction, helping to visualize market trends more clearly. Automatic Alerts Alerts are triggered instantly when a buy or sell signal occurs. Heatmap, TP, SL, and How to Use 1. Heatmap (Status Dashboard) A table summarizing the current market conditions, divided into 4 main components: Signal: EMA signal – BUY / SELL / NEUTRAL Trend: Trend status – UPTREND / DOWNTREND / SIDEWAYS Volume: Volume strength – Represented by 4 colors based on candle color Green (Buy) — Normal buying volume Blue (Buy High) — Stronger-than-average buying volume Red (Sell) — Normal selling volume Orange (Sell High) — Stronger-than-average selling volume This helps provide detailed insight into market pressure and improves trend analysis accuracy. TP/SL: Take Profit and Stop Loss from Predefined Percentages Each box’s background changes color based on status, making the overall picture clearer. 2. TP (Take Profit) Price level where profit is expected to be taken, based on a predefined percentage (default is 1.5%) Example: If current Close = 100, TP = 100 + (1.5%) = 101.5 Note: TP is a guideline only and not guaranteed to be reached. 3. SL (Stop Loss) Price level for cutting losses if the price moves against the trade direction. Calculated from Close - a predefined percentage (default is 0.7%) Helps reduce risk and control loss within acceptable limits. 4. How to Use Add this indicator to your price chart Look for entry points using EMA signals, candle colors, and BUY/SELL labels Check the Heatmap at the top-right for signals, trend status, volume strength, and TP/SL Use the TP/SL prices from the Heatmap to place your orders in your trading platform Adjust the TP/SL percentages in the settings according to your trading style Enable alerts to avoid missing trade opportunities
Indicatore Pine Script®
di alphatrend79
4
[PH] Consensus × Heikin Ashi Bridge(Set 2/2)📘 Consensus × Heikin Ashi Bridge (Set 2/2) This indicator compares a Renko-based Consensus Line with a dynamic Heikin-Ashi lower bound (DynLower) derived from 3 multi-timeframe Heikin-Ashi structures. The difference (gap) between these two price structures is visualized using vertical Bridge Lines, helping traders identify trend continuation, weakening momentum, or potential reversals. ✳️ Key Features ✅ Consensus Line – Calculated from multiple Renko box sizes, representing dominant price agreement ✅ DynLower Line – Adaptive lower/upper Heikin-Ashi structure, smoothing market dynamics across 3 timeframes ✅ Bridge Lines – Visually links the two structures to highlight relative displacement ✅ Gap Dynamics – Observes widening (trend strength) and narrowing (potential exhaustion) 📈 How to Use When the gap widens, it may indicate increasing trend momentum When the gap contracts, it can suggest consolidation or reversal risk Use this script in conjunction with volume, price action, or momentum indicators for confirmation ⚠️ This is a support tool, not a signal generator. Best used with confluence from other technical methods. 📎 Disclaimer This script is not financial advice and does not guarantee performance or profits. All trading decisions are the sole responsibility of the user. Please backtest thoroughly and ensure alignment with your risk strategy before live trading.
Indicatore Pine Script®
di kimpilhye
[PH] Consensus and Heikin Ashi Bridge(Set 1/2) ** Consensus and Heikin Ashi Bridge (Set 1/2)** This indicator compares a Renko-based **Consensus Line** with a multi-timeframe Heikin-Ashi midpoint called **ovMid2 (p2)**. It visualizes the gap between them using **Bridge Lines**, helping identify potential **trend continuations or reversals**. --- ✳️ Key Features - ✅ **Consensus Line** – A dynamic trend line calculated from multiple Renko box sizes - ✅ **ovMid2 (p2)** – A midpoint derived from the high/low structure of three Heikin Ashi timeframes - ✅ **Bridge Line** – Visualizes the gap (divergence) between Consensus and ovMid2 - ✅ **Gap Dynamics** – Highlights the widening (trend strength) or narrowing (reversal risk) of the gap --- 📈 How to Use If the gap **continues to widen** → possible **trend continuation** If the gap **suddenly narrows** → potential **pullback or reversal** The bridge lines offer a clear and intuitive view of structural divergence between the two price frameworks --- ⚠️ This script does **not generate standalone trading signals**. It is best used as a **supporting tool** in conjunction with other indicators or strategies. --- **Disclaimer** This script does **not provide financial advice or guaranteed returns**. All trading decisions are the sole responsibility of the user. Please **backtest thoroughly** before using it in a live environment. *Use at your own risk. No guarantees or recommendations are made.*
Indicatore Pine Script®
di kimpilhye