Futures Confluence Delta (FCD) - Histogram
The Futures Confluence Delta (FCD) Histogram is a powerful trend-following indicator tailored for scalping futures on 1-minute charts. Displayed in a bottom panel like RSI or volume, it visualizes cumulative volume delta to identify bullish or bearish market momentum. The histogram turns green for positive delta (buying pressure, suggesting a long trend) and red for negative delta (selling pressure, indicating a short trend), providing quick insight into market direction.
This indicator is ideal for futures traders seeking confluence with other tools, such as VWMA or order block strategies. It uses a simple yet effective delta calculation (buy volume for up candles, sell volume for down candles, smoothed with EMA) to highlight trend strength, making it perfect for fast-paced scalping environments.
Key Features:
Cumulative Delta Histogram: Tracks buying vs. selling pressure, smoothed with an EMA for clarity.
Color-Coded Trend Signals: Green for bullish (long) trends, red for bearish (short) trends.
Customizable Settings: Adjust the delta lookback period and enable/disable daily reset for flexibility.
Optimized for 1-minute charts on futures.
Alert Support: Set alerts for trend changes to stay ahead of market shifts.
How to Use:
Add the indicator to your 1-minute chart. Observe the histogram in the bottom panel:
Green bars (positive delta) suggest a bullish trend, favoring long entries.
Red bars (negative delta) indicate a bearish trend, favoring short entries.
Combine with other indicators (e.g., VWMA, order blocks, or FVGs) for confluence.
Set alerts for trend changes via the FCD Long Trend or FCD Short Trend conditions.
Adjust settings (delta lookback, daily reset) to match your trading style.
Settings:
Delta Lookback Period (default: 14): Controls the EMA smoothing of the delta. Lower values increase sensitivity; higher values smooth trends.
Reset Delta Daily (default: true): Resets cumulative delta at the start of each trading day for futures session alignment.
Long Color (default: green): Color for bullish delta.
Short Color (default: red): Color for bearish delta.
Notes:
Ensure sufficient historical data (500+ bars) for accurate delta calculations.
Test on NQ for higher volatility, as it may show stronger delta signals compared to GC or ES.
Check the Pine Logs pane (“More” > “Pine Logs”) for any NA data issues if the histogram doesn’t display.
Share your feedback or suggestions in the comments!
Cerca negli script per "Futures"
Futures Correlation VisualizerOVERVIEW
This indicator plots the normalized price changes of commonly traded futures. Visualizing data in this way makes studying and understanding market participation and sentiment easier.
Note:
Only 20 symbols can be plotted. The "request" functions are limited to 40 calls , 1 timeframe counts as a call, and 2 timeframes are used per symbol. Normalized values are derived by dividing the charts timeframe by 1D data. A runtime error will occur when more than 20 symbols are enabled. This limitation is unavoidable.
INPUTS
You can configure:
Colors and color scheme
Symbols to plot (most common futures)
Norm. source (todays open / yesterdays close)
Measurement type (%, ‱, Δ)
Label, zone, and zero options
Futures time zoneMarks the different time zones of futures. The time zones are Globex, Kill zone, Pre market, Post market and lunch time
Futures Support & Resistance LevelsMulti-Timeframe Support & Resistance Levels for Futures Trading
Description:
This indicator automatically identifies and displays key support and resistance levels using multiple technical analysis methods. Designed specifically for futures traders (ES, NQ, etc.), it provides a clean, organized view of important price levels.
Key Features:
Multiple Detection Methods: Combines pivot points, daily ranges, and psychological levels
Smart Ranking System: Levels are numbered by strength (1 = strongest)
Clean Visualization: Extended lines across the chart with clear price labels
Confluence Detection: Highlights areas where multiple levels converge
Customizable Display: Adjust colors, line styles, and label sizes
Level Types Identified:
Daily High/Low (current session)
Previous Daily High/Low
Pivot-based Support/Resistance
Psychological Round Numbers
Confluence Zones (multiple levels clustering)
Technical Approach:
The indicator uses a strength-scoring algorithm to rank levels by importance. Daily levels receive the highest weighting (2.0), followed by previous daily levels (1.5), pivot points (1.0), and psychological levels (0.5). This helps traders focus on the most significant levels.
Visual Elements:
Solid lines = Strong levels
Dashed lines = Medium levels
Dotted lines = Weak levels
Optional technical condition markers for educational analysis
Best Used For:
Identifying key intraday levels for futures trading
Finding high-probability reversal zones
Setting logical stop-loss and take-profit levels
Recognizing confluence areas for stronger setups
Note:
This is a technical analysis tool for educational purposes. No indicator can predict future price movements. Always use proper risk management and combine with other forms of analysis.
Futures vs CFD Price Display
🎯 Trading the same asset in CFDs and Futures but tired of switching charts to compare prices? This is your indicator!
Stop the constant chart hopping! This live price comparison shows you instantly where the better conditions are.
✨ What you get:
Bidirectional: Works in both Futures AND CFD charts
Live prices: Real-time comparison of both markets
Spread calculation: Automatic difference in points and percentage
Fully customizable: Colors, position, size to your liking
Professional design: Clean display with symbol header
🎯 Perfect for:
Gold traders (Futures vs CFD)
Arbitrage strategies
Spread monitoring
Multi-broker comparisons
⚙️ Customization:
3 sizes (Small/Normal/Large) for all screens
4 positions available
Individual color schemes
Toggle features on/off
💡 Simply enter the symbol and keep both markets in sight!
Notice: "Co-developed with Claude AI (Anthropic) - because even AI needs to pay the server bills! 😄"
Futures Engulfing Candle Size Strategy (Ticks, TP/SL)The Futures Candle Size Strategy is designed to identify and trade significant price movements in the futures market based on candle size. It is optimized for futures instruments like ES, NQ, or CL, where precise tick-level calculations are essential. The strategy includes a customizable take profit and stop loss in ticks and operates only within a specified time window (e.g., 7:00 AM to 9:15 AM CST).
Key Features:
Candle Size Threshold: Trades are triggered when the candle's high-to-low range exceeds the defined threshold in ticks.
Time Filter: Limits trades to the most active market hours, specifically between 7:00 AM and 9:15 AM CST.
Take Profit and Stop Loss: Customizable exit levels in ticks to manage risk and lock in profits.
Long and Short Trades: Automatically places buy or sell orders based on the candle's direction (bullish or bearish).
Alerts: Sends alerts whenever a trade is triggered, helping you stay informed in real-time.
How It Works:
The strategy calculates the size of each candle in ticks and compares it to the user-defined threshold.
If the candle size meets or exceeds the threshold within the specified time range, it triggers a long or short trade.
The trade automatically exits when the price hits the take profit or stop loss levels.
Futures Globex Session(s)This indicator draws a box around the Globex Session for the various Futures markets. The box height defines the highs and lows of that session, and the width defines the timeframe of that session. The boxes are outlined green if price rose during that period, and red if price fell during that period. The default Globex Session is set for the Equity Index Futures and is set in the UTC-4 time zone (Eastern Time). In the settings you can adjust the session time and time zone of your Globex Session to reflect the trading times of that market. Below are the session times for various Futures markets set in time zone UTC-4.
Equity Indexes: 18:00 - 9:30
(ES, NQ, YM, RTY)
Treasuries: 18:00 - 8:20
(ZN, ZB)
Metals: 18:00 - 8:20
(GC)
Energies: 18:00 - 9:00
(CL, NG)
Agricultures: 20:00 - 9:30
(ZS, ZW)
Futures Auto Levels [NariCapitalTrading]Futures Auto Levels Indicator
Introduction
The "Futures Auto Levels" (FAL) indicator shows the previous day's levels, weekly open, high, low, and the Initial Balance Range (IBR).
Indicator Components
The FAL indicator comprises the following components:
Previous Day's Levels: These include the open, high, low, and close of the previous trading day. They are represented on the chart by lines and labels, helping to identify significant price levels from the prior session.
Weekly Open, High, Low: These levels represent the open, high, and low prices of the current trading week.
Initial Balance Range (IBR): The IBR is calculated based on the price range during the first 60 minutes of the trading day. It helps identify initial trading range and potential breakout levels.
How to Use the Indicator
1. Previous Day's Levels:
Monitor the previous day's open, high, low, and close to identify key support and resistance levels.
Use these levels to gauge market sentiment and potential price reversals.
2. Weekly Open, High, Low:
Pay attention to the weekly open, high, and low to understand the market's behavior within the weekly timeframe.
These levels can act as reference points for setting profit targets and stop-loss orders.
3. Initial Balance Range (IBR):
Watch for price movements within the IBR to identify potential trading opportunities.
Breakouts above or below the IBR may signal the beginning of a new trend or continuation of the current trend.
Suggested/Potential Strategies
Reversal Trading: Look for price reversals around previous day's levels, especially when they coincide with other technical indicators or significant support/resistance zones.
Trend Following: Follow the trend by trading breakouts above/below the IBR or weekly high/low levels. Use trailing stops to capture profits while the trend remains intact.
Range Trading: Trade within the IBR when the market is consolidating. Buy near the IBR low and sell near the IBR high, with tight stop-loss orders to manage risk.
Conclusion
The Futures Auto Levels indicator is designed to help incorporate levels into trading analysis and trading strategies to improve profitability and consistency.
Futures Risk CalculatorThe "Futures Risk Calculator" is designed to assist traders in calculating the number of contracts to risk based on their account size, risk percentage, and stop loss level. This script provides a convenient way for traders to determine their position size in futures or other instruments where contracts are used.
The script prompts users to input their account size, risk percentage, entry price, and stop loss price. It then calculates the stop size in points, risk in dollars, and the number of contracts to risk. These calculations are based on standard risk management principles commonly used in trading.
The script plots the entry and stop loss lines on the chart for visual reference. Additionally, it displays a label in the top-right corner of the chart, showing the calculated number of contracts to risk. The label updates dynamically as the input values or market conditions change.
Originality and Usefulness:
This script is original and adds value to the TradingView community by providing traders with a practical tool for managing risk in their trading strategies. It is focusing on risk management, an essential aspect of successful trading.
By automating the calculation process, the script saves traders time and reduces the potential for manual errors. It encourages traders to adopt disciplined risk management practices, which are crucial for long-term profitability and capital preservation.
How to Use:
Input your account size, risk percentage, entry price, and stop loss price in the script settings.
Enter the pip size according to the instrument you are using (by default its's based for NASDAQ)
The script will automatically calculate the number of contracts to risk based on the provided inputs.
The entry and stop loss lines will be plotted on the chart for visual reference.
The calculated number of contracts to risk will be displayed in the top-right corner of the chart.
By following these steps, traders can effectively manage their risk exposure and make informed decisions when entering trades.
Herrick Payoff Index for Quandl DataUpdate to my previous Herrick Payoff Index script. This script pulls Quandl futures data with daily open interest. The prior version only used the weekly Commitment of Traders open interest data so could only be used on weekly bars. Note: Must use Quandl Symbol methodology in chart (i.e. enter symbol as QUANDL:CHRIS/CME_FC2, QUANDL:CME/FCX2016, ect.). Unfortunately, I haven't been able to program this to pull from the embedded futures data.
Futures Trade Entry Indicator (MTF)Work in Progress with the help of Claude. Not ready for active trading. Public for help improving. This will be a multi-timeframe futures trading indicator with supply/demand zones, Fair Value Gaps (FVGs), and sophisticated entry/exit logic.I've created a comprehensive Pine Script v6 indicator that matches all your specifications! Here's what the script includes:
## **Key Features Implemented:**
### **🔄 Multi-Timeframe Logic**
- **1H Chart Data**: Detects Supply Zones, Demand Zones, and Fair Value Gaps
- **Current Timeframe**: Monitors for re-entry and confirmation signals
### **📊 Zone Detection**
- **Supply Zones**: Identified using pivot highs with configurable strength
- **Demand Zones**: Identified using pivot lows with touch validation
- **Fair Value Gaps**: Both bullish and bearish FVGs detected automatically
- **Auto-Expiry**: Zones expire after 24 hours (configurable)
### **⚡ Entry Logic**
- **Dual Confirmation Required**:
- ✅ Engulfing candle pattern (bullish/bearish)
- ✅ Market structure shift (HH→LL or LL→HH)
- **Zone Re-entry**: Price must be within identified zones/FVGs
### **🎯 Probability System**
- **Smart Scoring**: Based on zone age, strength, and risk/reward ratio
- **Color-Coded**: Green (High), Yellow (Medium), Red (Low)
- **Real-time Calculation**: Updates with each potential entry
### **🎨 Visual Elements**
- **Colored Zones**: Supply (red), Demand (green), FVGs (blue/orange)
- **Entry Labels**: 🟩 LONG / 🟥 SHORT markers
- **Probability Labels**: Display confidence levels
- **Confirmation Shapes**: Triangle indicators for pattern completion
### **⚙️ Manual Controls**
All the requested toggles are available in the settings panel:
- Show/Hide Supply Zones
- Show/Hide Demand Zones
- Show/Hide FVGs
- Show/Hide Labels
- Show/Hide Probability
- Zone strength and expiry settings
- Custom colors for all elements
### **🔔 Alert System**
- Entry opportunity alerts
- Includes probability assessment
- Ticker symbol identification
## **Usage Instructions:**
1. **Apply to 15m chart** for active trading signals
2. **Configure settings** based on your preferences
3. **Set up alerts** for automated notifications
4. **Monitor probability levels** for trade quality assessment
The script automatically handles the complex multi-timeframe analysis while keeping the interface clean and user-friendly. All zones update dynamically and expire appropriately to avoid clutter.
Would you like me to adjust any specific parameters or add additional features?
Futures Daily Settlement PricesDaily settlement prices reflect the fair market value of the underlying commodity or financial instrument, as determined by buyers and sellers during the settlement period or “close”. The price quoted in the evening news for items like a bush of corn, a barrel of crude oil, or a 10-year U.S. Treasury note frequently use the settlement price for the corresponding futures product that day.
Settlement prices are used to mark traders’ positions to market daily, determining profits or losses. Daily settlement prices play a key role in facilitating price discovery, risk management, and market integrity.
This indicator plots up to 30 settlement prices as well as the date of settlement on your chart, on time frames under 1 hour.
Customizable line types, colors, and label colors.
Futures All List / Sell SignalAs of May 2023, there are more than 180 usdt perpetual coins on the binance futures exchange. These coins are included in the indicator in lists of 40. They are sorted instantly in the table from largest to smallest. The sorting style can be changed in the indicator settings. This indicator collects RSI and TSI values at desired values. The result has a maximum value of 600. A value of 600 signals that the price will decrease or remain stable for a certain period of time. Generally, a short can be expected from the closest point to 600. If 3 separate lists are selected by using 3 of these indicators, 120 coins can be analyzed at the same time. Available in all time zones. Examine it in a 3-minute timeframe. The line inside the indicator draws the instantaneous values of the relevant coin.
Futures All List Candle Analysis - FALCAIn this command; There is an alphabetical list of USDS-M coins with the USDT PERP extension on the Binance Futures side.
There are 13 lists in total. Each list contains 39 data. Due to data limitation, 13 lists are formed. There are 13 coins in the first 11 of the lists. The 12th list contains 3 coins. The last list (FAVORITE LIST) is CRYPTOCAP:TOTAL, BINANCE:BTCUSDTPERP, BINANCE:BTCDOMUSDTPERP as standard. You must add 10 coins to the final list.
The lists show data for the time period you selected.
Explanation of the (C/H) header: Close /High takes a maximum value of 1. As long as this value is 1, a price increase is observed.
Explanation of the (C/O) header:
Close /Open can be greater than ,1. In this case, a price increase is observed.
Close /Open can be less than 1. In this case, a price decrease is observed.
The value Close /Open can be equal to 1. In this case, price stability is observed.
Explanation of the (C/L) header: Close /Low takes a minimum value of 1. As long as this value is 1, a price decrease is observed.
Coins with a price decrease are shown in red.
Coins with a price increase will turn green.
***NOTE: For this command to work, you must first add 10 favorite coins to the "FAVORITE LIST".
Futures & GBTC PremiumCalculates current Okcoin futures index price, and plots the current premiums for weekly and quarterly contracts. Also plots the GBTC premium divided by 10 based on the same index price. For reference, the calculated index price divided by 100 is also shown (the white line).
Note:
The index price is an estimate, and not entirely accurate because of the following limitations:
GDAX, one of the six exchanges that makes up the index, is not available on TW. Coinbase is used instead, as their prices are usually within $2 of GDAX
CNYUSD rate in the index is usually calculated every Friday, but follows some special rules that are impossible to replicate in this script. The current CNYUSD rate is used instead
,
The index price in this script has been within $2 of the actual index the past day.
GRID EXTENSIONGRID EXTENSION
Overview
The GRID EXTENSION is a simple grid-based indicator for TradingView, built with Pine Script v6. It plots horizontal price levels starting from a user-defined anchor price, with spacing set by a tick increment. Use it to identify key support, resistance, or price zones on charts for Crypto, Forex, or Futures.
Key Features
Custom Grid Levels: Plot up to 22 levels (e.g., 0, 0.25, 1.25, -2.50) with options to show/hide, set values, and choose colors.
Market-Specific Tick Increments: Select your asset type (Crypto, Forex, Futures) and choose from a range of tick increments tailored for each market:
Crypto: 1 to 5000 ticks (e.g., 100 ticks = $0.001 on ADA/USD, 5000 ticks = $50 on BTC/USD).
Forex: 5 to 5000 ticks (e.g., 100 ticks = 1 pip on EUR/USD, 5000 ticks = 50 pips).
Futures: 1 to 2500 ticks (e.g., 25 ticks = 6.25 points on E-mini S&P 500, $312.50 per contract).
Visual Options:
Extend lines to the right.
Show price and level labels (as values or percentages).
Place labels on the left or right.
Adjust background transparency for filled areas between levels.
How to Use
Set Asset Type: Choose "Crypto," "Forex," or "Futures" to match your chart.
Set Anchor Price: Enter a starting price for the grid.
Pick Tick Increment: Select a tick increment from the dropdown, following the guidance for your asset type (see Key Features).
Customize Levels: Turn levels on/off, set values, and pick colors.
Add to Chart: Apply the indicator to see the grid on your chart.
Tips
Use levels to mark support/resistance zones for entries or exits.
Extend lines to project future price zones.
Choose smaller increments (e.g., 5 ticks) for scalping, or larger ones (e.g., 1000 ticks) for swing trading.
Combine with indicators like moving averages for better signals.
Settings
Asset Type: Select "Crypto," "Forex," or "Futures" (default: "Crypto").
Anchor Price: Starting price for the grid (default: 0.0).
Tick Increment: Space between levels (options: 1, 5, 10, 25, 50, 100, 250, 500, 1000, 2500, 5000). Choose based on asset type.
Extend Right: Extend lines to the right (default: true).
Show Prices: Show price labels (default: true).
Show Levels: Show level values or percentages (default: true).
Format: Display levels as "Values" or "Percent" (default: "Values").
Labels Position: Place labels on "Left" or "Right" (default: "Left").
Background Transparency: Set transparency for filled areas (default: 100, range 0-100).
Level Options: Enable/disable levels, set values, and choose colors.
Notes
Set the anchor price to a key level (like a recent high or low) for best results.
Check the tick increment tooltip to ensure the spacing suits your market type.
Works on any chart, best for clear price trends or ranges.
Acknowledgments
Made with Pine Script v6 for TradingView. This is v1.0—feedback welcome for future updates!
LTA - Futures Contract Size CalculatorLTA - Futures Contract Size Calculator
This indicator helps futures traders calculate the potential stop-loss (SL) value for their trades with ease. Simply input your entry price, stop-loss price, and number of contracts, and the indicator will compute the ticks moved, price movement, and total SL value in USD.
Key Features:
Supports a wide range of futures contracts, including:
Index Futures: E-mini S&P 500 (ES), Micro E-mini S&P 500 (MES), E-mini Nasdaq-100 (NQ), Micro E-mini Nasdaq-100 (MNQ)
Commodity Futures: Crude Oil (CL), Gold (GC), Micro Gold (MGC), Silver (SI), Micro Silver (SIL), Platinum (PL), Micro Platinum (MPL), Natural Gas (NG), Micro Natural Gas (MNG)
Bond Futures: 30-Year T-Bond (ZB)
Currency Futures: Euro FX (6E), Japanese Yen (6J), Australian Dollar (6A), British Pound (6B), Canadian Dollar (6C), Swiss Franc (6S), New Zealand Dollar (6N)
Displays key metrics in a clean table (bottom-right corner):
Instrument, Entry Price, Stop-Loss Price, Number of Contracts, Tick Size, Ticks Moved, Price Movement, and Total SL Value.
Automatically calculates based on the selected instrument’s tick size and tick value.
User-friendly interface with a dark theme for better visibility.
How to Use:
Add the indicator to your chart.
Select your instrument from the dropdown (ensure it matches your chart’s symbol, e.g., "NG1!" for NATURAL GAS (NG)).
Input your Entry Price, Stop-Loss Price, and Number of Contracts.
View the results in the table, including the Total SL Value in USD.
Ideal For:
Futures traders looking to quickly assess stop-loss risk.
Beginners and pros trading indices, commodities, bonds, or currencies.
Note: Ensure your chart symbol matches the selected instrument for accurate calculations. For best results, test with a few contracts and price levels to confirm the output.
This description is tailored for TradingView’s audience, providing a clear overview of the indicator’s functionality, supported instruments, and usage instructions. It also includes a note to help users avoid common pitfalls (e.g., mismatched symbols). If you’d like to adjust the tone, add more details, or include specific TradingView tags (e.g., , ), let me know!
True Seasonal Pattern [tradeviZion]True Seasonal Pattern: Uncover Hidden Market Cycles
Markets have rhythms and patterns that repeat with surprising regularity. The True Seasonal Pattern indicator reveals these hidden cycles across different timeframes, helping you anticipate potential market movements based on historical seasonal tendencies.
What This Indicator Does
The True Seasonal Pattern analyzes years of historical price data to identify recurring seasonal trends. It then plots these patterns on your chart, showing you both the historical pattern and future projection based on past seasonal behavior.
Automatic Timeframe Detection: Works with Monthly, Weekly, and Daily charts
Historical Pattern Analysis: Analyzes up to 100 years of data (customizable)
Future Projection: Projects the seasonal pattern ahead on your chart
Smart Smoothing: Applies appropriate smoothing based on your timeframe
How to Use This Indicator
Add the indicator to a Daily, Weekly, or Monthly chart (not designed for intraday timeframes)
The indicator automatically detects your chart's timeframe
The blue line shows the historical seasonal pattern
Watch for potential turning points in the pattern that align with other technical signals
Seasonal patterns work best as a supporting factor in your analysis, not as standalone trading signals. They are particularly effective in markets with well-established seasonal influences.
Best Applications
Futures Markets: Commodities and futures often show strong seasonal tendencies due to production cycles, weather patterns, and economic factors
Stock Indices: Many stock markets demonstrate regular seasonal patterns (like the "Sell in May" phenomenon)
Individual Stocks: Companies with seasonal business cycles often show predictable price patterns
Practical Applications
Identify potential turning points based on historical seasonal patterns
Plan entries and exits around seasonal tendencies
Add seasonal context to your existing technical analysis
Understand why certain months or periods might show consistent behavior
Pro Tip: For best results, use this tool on instruments with at least 5+ years of historical data. Longer timeframes often reveal more reliable seasonal patterns.
Important Notes
This indicator works best on Daily, Weekly, and Monthly timeframes - not intraday charts
Seasonal patterns are tendencies, not guarantees
Always combine seasonal analysis with other technical tools
Past patterns may not repeat exactly in the future
// Sample of the seasonal calculation approach
float yearHigh = array.max(currentYearHighs)
float yearLow = array.min(currentYearLows)
// Calculate seasonality for each period
for i = 0 to array.size(currentYearCloses) - 1
float periodClose = array.get(currentYearCloses, i)
if not na(periodClose) and yearHigh != yearLow
float seasonality = (periodClose - yearLow) / (yearHigh - yearLow) * 100
I developed this indicator to help traders incorporate seasonal analysis into their trading approach without the complexity of traditional seasonal tools. Whether you're analyzing agricultural commodities, energy futures, or stock indices, understanding the seasonal context can provide valuable insights for your trading decisions.
Remember: Markets don't always follow seasonal patterns, but when they do, being aware of these tendencies can give you a meaningful edge in your analysis.
Bull Flag DetectionThe FuturesGod bull flag indicator aims to identify the occurrence of bull flags.
Bull flags are a popular trading pattern that allows users to gauge long entries into a given market. Flags consist of a pole that is followed by either a downward or sideways consolidation period.
This script can be used on any market but was intended for futures (NQ, ES) trading on the intraday timeframe.
The script does the following:
1. Identifies the occurrence of a flag pole. This is based on a lookback period and percentage threshold decided by the user.
2. Marks the consolidation area after the pole occurrence using swing highs and swing lows.
3. Visually the above is represented by a shaded green area.
4. When a pole is detected, it is marked by a downward off-white triangle. Note that if the percentage threshold is reached several times on the same upward climb, the script will continue to identify points where the threshold for pole detection is met.
5. Also visualized are the 20, 50 and 200 period exponential moving averages. The area between the 20 and 50 EMAs are shaded to provide traders a visual of a possible support area.
