Old Tradability by Kiersten & HajiIntroduction:
The "Old Tradability" is a meticulously crafted indicator designed exclusively for TradingView users. It brings together the power of various well-respected indicators, offering traders a comprehensive tool to gauge market conditions and make informed decisions. Whether you're a novice trader looking for a reliable indicator or a seasoned professional seeking to add another layer to your analytical toolbox, Old Tradability is tailored to provide actionable insights.
Core Features:
Dual Level Analysis:
Long-Term Trend Analysis: At its core, Old Tradability emphasizes the identification of prevailing long-term market trends. To achieve this, it leverages the capabilities of some of the most recognized indicators in the trading world, such as:
MACD (Moving Average Convergence Divergence): Known for its reliability in spotting trend changes and momentum.
MFI (Money Flow Index): A valuable tool to evaluate the flow of money into and out of an asset, often used to predict overbought or oversold conditions.
Heikin Ashi: A unique form of candlestick charting that filters market noise, helping traders understand the market sentiment and trend direction more clearly.
Short-Term Analysis Using MinMax Normalization: The indicator doesn't stop at just identifying the long-term trend. Recognizing the importance of short-term price movements, Old Tradability applies MinMax Normalization on shorter time frames. This technique adjusts the scale of data, making it easier to spot potential reversals or continuation patterns.
Strategic Trading Recommendations:
The principle is simple yet effective. When the long-term trend is bullish and the short-term analysis places the asset in the bottom 20%, it presents a potential buying opportunity. Conversely, if the long-term trend is bearish and the short-term places the asset in the top 20%, traders might consider it as a selling signal.
Integrated Risk Management Alerts:
One of the standout features of Old Tradability is its built-in risk management system. This feature ensures that traders are not only informed about potential trade setups but also about the inherent risks associated.
The system sends out timely alerts for what it deems as "perfect setups," allowing traders to act swiftly and decisively. This minimizes the chance of missing out on lucrative trades while also providing an extra layer of security by notifying users about unfavorable conditions.
Conclusion:
The Old Tradability Indicator is more than just a tool; it's a comprehensive trading companion. Its dual-level analysis ensures that traders have a holistic view of the market, while its integrated risk management alerts keep them one step ahead. If you're looking for a dependable, detailed, and actionable indicator on TradingView, Old Tradability might just be the perfect addition to your trading strategy. Happy trading!
Cerca negli script per "Heikin Ashi"
HeikinAshi / MS-Signal (HA-MS)Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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I would like to take the time to explain the indicators needed for trading among the two indicator formulas previously disclosed.
The HA-MS indicator is an indicator created using the Heikin Ashi formula and the MACD formula.
Therefore, the reliability of the indicator is considered to be high.
If you want a comprehensive indicator, you can share the chart being published as an idea and use the MRHAB-T indicator.
The shared indicators can be used without any restrictions if you are a paid member of TradingView.
(Free members have many restrictions on sharing charts.)
The MS-Signal indicator using MACD is an indicator composed of M-Signal and S-Signal lines.
I made it possible to display the M-Signal line of the 1D, 1W, and 1M charts separately so that the trend can be checked on other timeframe charts.
Therefore, by looking at the 15m chart or 1h chart to check the overall trend when trading, we prevented getting caught up in temporary volatility, that is, a whipsaw, and made this M-Signal line to be used as support and resistance.
If you touch these M-Signal lines when a surge or plunge occurs, it means that there is a high possibility of indicating support or resistance.
If the 5EMA line on the 1D chart rises above the 5EMA line enough to be called a soaring moving average, it means that there is a high possibility of a sudden movement.
Therefore, the 5EMA line of the 1D chart is displayed separately so that it can be checked in time frames other than 1D (15m, 1h charts, etc.).
This 5EMA line can also be used as support and resistance like the M-Signal line of the 1D, 1W, and 1M charts described above.
The MS-Signal indicator is for viewing trends.
So, if the price stays above the MS-Signal indicator and the MS-Signal indicator turns into a bullish sign, it means that the uptrend is likely to continue.
Conversely, if the price stays below the MS-Signal indicator and the MS-Signal indicator turns to a bearish sign, then the downtrend is likely to continue.
Therefore, even if it temporarily rises above the MS-Signal indicator, it cannot be said that it will show an uptrend unless it is converted to an uptrend.
So, when the price surges and rises above the MS-Signal indicator, it is important to hold the price until the MS-Signal indicator turns into an uptrend.
If the HA-Low line or HA-High line is passing through these movements, you should respond by looking at whether you are supported or resisted on these lines.
The HA-Low line and the HA-High line are lines created for trading using Heikin Ashi candles.
Therefore, it can be interpreted that if it is supported by the HA-Low or HA-High line, it is highly likely to show an uptrend.
However, since the HA-Low and HA-High lines are calculated together with the RSI indicator, they are displayed on the chart as interactions.
The HA-Low line is a line created near the low point,
The HA-High line is a line created near the high point.
Therefore, if it shows support at the HA-Low line, it is time to buy.
And, if the price rises and rises above the HA-High line, it is likely to show a sharp movement.
Because of this movement, the HA-Low line is called the buy line, and the HA-High line is called the soaring line.
Since the HA-High line is a soaring line, if it is resisted by the HA-High line, it also means that there is a high possibility of a sharp decline.
If you see support at the HA-High line, you can buy it, but as I said, it is a sharp rise line, so you have to respond from a short-term perspective.
The Heikin Ashi body indicator is significant as it marks the first trend reversal.
So, you can see the first reversal move, either when the price first makes a move from a downtrend to an uptrend, or when the price first makes a move from an uptrend to a downtrend.
For example, if the price is in a downtrend and stops falling and moves sideways or rises slightly, the Heikin Ashi body indicator is likely to turn into an uptrend.
If this turns into a bullish sign, aggressive buying is possible.
However, since there is a high possibility that it will not rise higher and fall immediately, it is better to think of a trading strategy when it shows support by rising above the 5EMA line, HA-Low line, and MS-Signal indicator.
Let's assume that from an uptrend in price, the Heikin Ashi body indicator turns to a downtrend.
Then, if you touch the 5EMA line, the HA-High line, and the MS_Signal indicator, I think you can buy some time to think about a selling strategy.
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It doesn't matter how you trade and what tools you use.
What matters is whether you can create a trading strategy.
We tend to spend more time on analysis like chart analysis, economic analysis.
Also, many analytical techniques are studied to do this kind of analysis.
I have spent a lot of time studying various analysis techniques and putting a lot of effort into using them in trading.
However, I realized that acquiring all of these things did not make me a good trader.
The indicators released today also do not mean much in reality.
It merely provides minimal information for creating a trading strategy.
I think it is better to put aside the idea of investing a lot of time in chart analysis and economic analysis and proceeding with trading.
Instead, I recommend spending a lot of time thinking about how to buy at the point or section you are trading, how to sell if the price rises, and how to stop loss if the price falls.
Quickly learn that learning difficult analytical techniques doesn't make you profitable on your trades.
I hope you understand.
An analytical technique or tool that allows you to earn a steady income is the best technique.
Creating a trading strategy is not difficult.
It's just that it feels difficult because I haven't organized my thoughts until now.
trading strategy
1. Investment period
2. Investment scale
3. Trading method and profit realization method
You just need to think in order and then start trading.
The most important thing in this trading strategy is the investment period.
The most important thing is whether to trade the coin (token) you want to trade by investing for a period such as the same day, short term, mid term, or long term.
This is because even though this first button is not connected properly, the following fund management and trading methods are all wrong.
I hope the day will come soon when you can play with the movement of the chart and get away from wrestling with the chart.
thank you.
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[jav] HeikinAshized OscillatorsThis script allows to HeikinAshize different commonly used centered oscillators.
It plots them like Heikin Ashi candles. In this way, we can eliminate some of the noise and uncertainty that is inherent to applying only one calculation period to the oscillators.
Applying Heikin Ashi to an oscillator might be advantageous compared to applying it directly to the chart, because you are not altering price readings. The obvious advantage is the clear visualization of the trend directions without noise.
INPUTS
The oscillators included are:
Relative Strength Index (RSI)
Stochastic
Stochastic RSI
Fisher transform
Inverse Fisher Transform of RSI (IFTRSI)
Commodity Channel Index (CCI)
Money Flow Index (MFI)
Chande Momentum Oscillator (CMO)
Momentum (MOM)
True Strength Index (TSI)
Williams' Percent Range (WPR).
Apart from the choice of one of these indicators, only two more inputs are required:
the main (median) period and
the % of variability of this period.
RESULTS
The script calculates 4 evenly spaced periods from that data (period and variability), e.g. for a period of 50 and a variability of 30%, the script calculates oscillator values for 4 different periods evenly spaced around 50, (35, 45, 55, 65) and uses these 4 values to draw the Heikin Ashi candle.
The script also plots the usual upper/lower (overbought/oversold) values, as well as the central line.
CREDITS
The interesting concept of applying Heikin Ashi to an oscillator was recently introduced in Tradingview by @JayRogers . Many thanks for the idea.
For Heikin Ashi calculations, the useful script by @allanster was taken as a reference.
Any improvements, modifications or suggestions are welcome.
ARMA(Autoregressive Moving Average) Model -DeepALGO-📊 ARMA Model Indicator
This script is a custom indicator based on the ARMA (Autoregressive Moving Average) model, one of the fundamental and widely used models in time series analysis.
While ARMA is typically employed in statistical software, this implementation makes it accessible directly on TradingView, allowing traders to visualize and apply the dynamics of ARMA in financial markets with ease.
🧩 What is the ARMA Model?
The ARMA model explains time series data by combining two components: Autoregression (AR) and Moving Average (MA).
AR (Autoregression) component
Captures the dependence of current values on past values, modeling the inherent autocorrelation of the series.
MA (Moving Average) component
Incorporates past forecast errors (residuals), smoothing out randomness and noise while improving predictive capability.
By combining these two aspects, ARMA models can capture both the underlying structure of the data and the random fluctuations, providing a more robust description of price behavior than simple averages alone.
⚙️ Design of This Script
In classical statistics, ARMA coefficients are estimated using the ACF (Autocorrelation Function) and PACF (Partial Autocorrelation Function). However, this process is often too complex for trading environments.
This script simplifies the approach:
The coefficients theta (θ) and epsilon (ε) are fixed, automatically derived from the chosen AR and MA periods.
This eliminates the need for statistical estimation, making the indicator easy to apply with simple parameter adjustments.
The goal is not academic rigor, but practical usability for traders.
🔧 Configurable Parameters
AR Period (p): Order of the autoregressive part.
MA Period (q): Order of the moving average part. Shorter periods yield faster responsiveness, while longer periods produce smoother outputs.
Offset: Shifts the line forward or backward for easier comparison.
Smoothing Period: Additional smoothing to reduce noise.
Source: Choose from Close, HL2, HLC3, High, or Low.
🎯 Advantages Compared to Traditional Moving Averages
Commonly used moving averages such as SMA (Simple Moving Average) and EMA (Exponential Moving Average) are intuitive but have limitations:
SMA applies equal weights to past data, which makes it slow to respond to new price changes.
EMA emphasizes recent data, providing faster response but often introducing more noise and reducing smoothness.
The ARMA-based approach provides two key advantages:
Balance of Responsiveness and Smoothness
AR terms capture autocorrelation while MA terms correct residuals, resulting in a smoother line that still reacts more quickly than SMA or EMA.
Flexible Adaptation
By adjusting the MA period (q), traders can fine-tune how closely the model follows price fluctuations—ranging from rapid short-term responses to stable long-term trend recognition.
📈 Practical Use Cases
The ARMA indicator can be applied in several practical ways:
Trend Direction Estimation
The slope and position of the ARMA line can provide a straightforward read of bullish or bearish market conditions.
Trend Reversal Identification
Changes in the ARMA line’s direction may signal early signs of a reversal, often with faster reaction compared to traditional moving averages.
Confirmation with Other Indicators
Combine ARMA with oscillators such as RSI or MACD to improve the reliability of signals.
Combination with Heikin-Ashi
Heikin-Ashi candles smooth out price action and highlight trend changes. When used together with ARMA, they can significantly enhance reversal detection. For example, if Heikin-Ashi indicates a potential reversal and the ARMA line simultaneously changes direction, the confluence provides a stronger and more reliable trading signal.
⚠️ Important Notes
Risk of Overfitting
Excessive optimization of AR or MA periods may lead to overfitting, where the indicator fits historical data well but fails to generalize to future market conditions. Keep parameter choices simple and consistent.
Weakness in Sideways Markets
ARMA works best in trending environments. In range-bound conditions, signals may become noisy or less reliable. Consider combining it with range-detection tools or volume analysis.
Not a Standalone System
This indicator should not be used in isolation for trading decisions. It is best employed as part of a broader analysis framework, combining multiple indicators and fundamental insights.
💡 Summary
This script brings the theoretical foundation of ARMA into a practical, chart-based tool for traders.
It is particularly valuable for those who find SMA too lagging or EMA too noisy, offering a more nuanced balance between responsiveness and smoothness.
By capturing both autocorrelation and residual structure, ARMA provides a deeper view of market dynamics.
Combined with tools such as Heikin-Ashi or oscillators, it can significantly enhance trend reversal detection and strategy reliability.
Bollinger Bands % | QuantEdgeB📊 Introducing Bollinger Bands % (BB%) by QuantEdgeB
🛠️ Overview
BB% | QuantEdgeB is a volatility-aware momentum tool that maps price within a Bollinger envelope onto a normalized scale. By letting you choose the base moving average (SMA, EMA, DEMA, TEMA, HMA, ALMA, EHMA, THMA, RMA, WMA, VWMA, T3, LSMA) and even Heikin-Ashi sources, it adapts to your style while keeping readings consistent across symbols and timeframes. Clear thresholds and color-coded visuals make it easy to spot emerging strength, fading moves, and potential mean-reversions.
✨ Key Features
• 🔹 Flexible Baseline
Pick from 12 MA types (plus Heikin-Ashi source option) to tailor responsiveness and smoothness.
• 🔹 Normalized Positioning
Price is expressed as a percentage of the band range, yielding an intuitive 0–100 style read (can exceed in extreme trends).
• 🔹 Actionable Thresholds
Default Long 55 / Short 45 levels provide simple, objective triggers.
• 🔹 Visual Clarity
Color-coded candles, shaded OB/OS zones, and adaptive color themes speed up decision-making.
• 🔹 Ready-to-Alert
Built-in alerts for long/short transitions.
📐 How It Works
1️⃣ Band Construction
A moving average (your choice) defines the midline; volatility (standard deviation) builds upper/lower bands.
2️⃣ Normalization
The indicator measures where price sits between the lower and upper band, scaling that into a bounded oscillator (BB%).
3️⃣ Signal Logic
• ✅ Long when BB% rises above 55 (strength toward the top of the envelope).
• ❌ Short when BB% falls below 45 (weakness toward the bottom).
4️⃣ OB/OS Context
Shaded regions above/below typical ranges highlight exhaustion and potential snap-backs.
⚙️ Custom Settings
• Base MA Type: SMA, EMA, DEMA, TEMA, HMA, ALMA, EHMA, THMA, RMA, WMA, VWMA, T3, LSMA
• Source Mode: Classic price or Heikin-Ashi (close/open/high/hlc3)
• Base Length: default 40
• Band Width: standard deviation-based (2× SD by default)
• Long / Short Thresholds: defaults 55 / 45
• Color Mode: Alpha, MultiEdge, TradingSuite, Premium, Fundamental, Classic, Warm, Cold, Strategy
• Candles & Labels: optional candle coloring and signal markers
👥 Ideal For
✅ Trend Followers — Ride strength as price compresses near the upper band.
✅ Swing/Mean-Reversion Traders — Fade extremes when BB% stretches into OB/OS zones.
✅ Multi-Timeframe Analysts — Compare band position consistently across periods.
✅ System Builders — Use BB% as a normalized feature for strategies and filters.
📌 Conclusion
BB% | QuantEdgeB delivers a clean, normalized read of price versus its volatility envelope—adaptable via rich MA/source options and easy to automate with thresholds and alerts.
🔹 Key Takeaways:
1️⃣ Normalized view of price inside the volatility bands
2️⃣ Flexible baseline (12+ MA choices) and Heikin-Ashi support
3️⃣ Straightforward 55/45 triggers with clear visual context
📌 Disclaimer: Past performance is not indicative of future results. No strategy guarantees success.
📌 Strategic Advice: Always backtest, tune parameters, and align with your risk profile before live trading.
HA • EMA9/21 • Daily VWAP – Fixed Signals (v6)HA • EMA9/21 • Daily VWAP – Fixed Signals (v6)
Heikin Ashi EMA 9/21 + Daily VWAP Setup Indicator
Description
This indicator combines three proven concepts into one clean and practical trading tool:
Heikin Ashi Candles → smooth out price action and highlight trends more clearly.
EMA 9/21 → a classic momentum and trend filter.
Daily VWAP (Volume Weighted Average Price) → widely used by professionals as dynamic support and resistance.
How it works
Long Signal:
Triggered when Heikin Ashi turns bullish, EMA 9 is above EMA 21, and price crosses above the Daily VWAP.
Short Signal:
Triggered when Heikin Ashi turns bearish, EMA 9 is below EMA 21, and price crosses below the Daily VWAP.
For every signal the indicator automatically draws Entry, Stop-Loss, and Take-Profit levels directly on the chart:
Entry = price at the signal bar
Stop-Loss (SL) = recent swing low/high or ATR-based (configurable)
Take-Profit (TP) = calculated using the chosen Risk/Reward ratio
Features
✅ Instant signals (no repainting)
✅ Fixed horizontal lines for Entry, SL, and TP extending to the right side of the chart
✅ Customizable Risk/Reward ratio (default: 1.5)
✅ Choice between Swing-based or ATR-based stop-loss
✅ Alerts for both Long and Short signals
✅ Clean chart visualization without clutter
Use case
This tool is designed for traders who want clear, rule-based setups.
It provides easy-to-spot signals that can be used for manual trading, journaling, and backtesting.
⚠️ Note: This is not an automated trading strategy. Always confirm signals with your own analysis and apply proper risk management.
True OHLC - [CrossTrade] True OHLC Data Indicator
This indicator displays the actual open, high, low, and close prices when viewing Heikin Ashi charts.
Heikin Ashi candles use modified price calculations that smooth out price action, but this means you can't see the real price levels where trades actually occurred. This indicator pulls the genuine OHLC data and plots it on top of your Heikin Ashi chart.
The indicator includes alert conditions that reference these real price values, making it useful for strategies and alert systems that need accurate price data instead of the modified Heikin Ashi values.
Customize the colors, line thickness, and plot style (circles, lines, or crosses) to fit your chart preferences.
Smart MTF Bias Detector v3 (Debug)Here's a breakdown of the "Smart MTF Bias Detector v3 (Debug)" indicator's five main filters:
Main Trend (Multi-Timeframe Heikin Ashi)
The green/red background indicates the trend from Heikin Ashi candles on the H1 timeframe (or your set timeframe).
If the Heikin Ashi candle closes above its open, the background is green (indicating an upward bias).
If the Heikin Ashi candle closes below its open, the background is red (indicating a downward bias).
Short-Term Trend Filter (EMA50)
The yellow line represents the EMA50.
Buy only when the price closes above the EMA50.
Sell only when the price closes below the EMA50.
Abnormal Buy/Sell Pressure Detection (Volume Spike)
Purple dots signify candles where the volume is greater than the SMA (Simple Moving Average) of volume over N previous candles, multiplied by a specified multiplier.
This confirms there's "force" driving the price up or serious selling pressure.
Momentum Filter (Stochastic RSI)
Blue upward triangles and orange downward triangles indicate when %K crosses %D.
It uses Oversold/Overbought targets (20/80) to avoid crosses in the middle ranges.
Pivot Break (Fractal Breakout)
Red "X" marks represent Fractal Highs, and green "X" marks represent Fractal Lows.
Red/green up/down arrows indicate breakouts of these levels (e.g., a previous High being broken means an upward breakout, or a previous Low being broken means a downward breakout).
BUY Signal Conditions
A BUY signal will be generated when:
The background is green (HTF Trend ↑).
The Stoch RSI crosses up from below the Oversold zone (blue arrow).
A Fractal Low breakout occurs (Fract UP arrow).
The price is above the EMA50.
There is a Volume Spike (purple dot).
SELL Signal Conditions
A SELL signal will be generated when:
The background is red (HTF Trend ↓).
The Stoch RSI crosses down from above the Overbought zone (orange arrow).
A Fractal High breakout occurs (Fract DOWN arrow).
The price is below the EMA50.
There is a Volume Spike (purple dot).
Alpha - Combined BreakoutThis Pine Script indicator, "Alpha - Combined Breakout," is a combination between Smart Money Breakout Signals and UT Bot Alert, The UT Bot Alert indicator was initially developer by Yo_adriiiiaan
The idea of original code belongs HPotter.
This Indicator helps you identify potential trading opportunities by combining two distinct strategies: Smart Money Breakout and a modified UT Bot (likely a variation of the Ultimate Trend Bot). It provides visual signals, draws lines for potential take profit (TP) and stop loss (SL) levels, and includes a dashboard to track performance metrics.
Tutorial:
Understanding and Using the "Alpha - Combined Breakout" Indicator
This indicator is designed for traders looking for confirmation of market direction and potential entry/exit points by blending structural analysis with a trend-following oscillator.
How it Works (General Concept)
The indicator combines two main components:
Smart Money Breakout: This part identifies significant breaks in market structure, which "smart money" traders often use to gauge shifts in supply and demand. It looks for higher highs/lows or lower highs/lows and flags when these structural points are broken.
UT Bot: This is a trend-following component that generates buy and sell signals based on price action relative to an Average True Range (ATR) based trailing stop.
You can choose to use these signals independently or combined to generate trading alerts and visual cues on your chart. The dashboard provides a quick overview of how well the signals are performing based on your chosen settings and display mode.
Parameters and What They Do
Let's break down each input parameter:
1. Smart Money Inputs
These settings control how the indicator identifies market structure and breakouts.
swingSize (Market Structure Time-Horizon):
What it does: This integer value defines the number of candles used to identify significant "swing" (pivot) points—highs and lows.
Effect: A larger swingSize creates a smoother market structure, focusing on longer-term trends. This means signals might appear less frequently and with some delay but could be more reliable for higher timeframes or broader market movements. A smaller swingSize will pick up more minor market structure changes, leading to more frequent but potentially noisier signals, suitable for lower timeframes or scalping.
Analogy: Think of it like a zoom level on your market structure map. Higher values zoom out, showing only major mountain ranges. Lower values zoom in, showing every hill and bump.
bosConfType (BOS Confirmation Type):
What it does: This string input determines how a Break of Structure (BOS) is confirmed. You have two options:
'Candle Close': A breakout is confirmed only if a candle's closing price surpasses the previous swing high (for bullish) or swing low (for bearish).
'Wicks': A breakout is confirmed if any part of the candle (including its wick) surpasses the previous swing high or low.
Effect: 'Candle Close' provides stronger, more conservative confirmation, as it implies sustained price movement beyond the structure. 'Wicks' provides earlier, more aggressive signals, as it captures momentary breaches of the structure.
Analogy: Imagine a wall. 'Candle Close' means the whole person must get over the wall. 'Wicks' means even a finger touching over the top counts as a breach.
choch (Show CHoCH):
What it does: A boolean (true/false) input to enable or disable the display of "Change of Character" (CHoCH) labels. CHoCH indicates the first structural break against the current dominant trend.
Effect: When true, it helps identify early signs of a potential trend reversal, as it marks where the market's "character" (its tendency to make higher highs/lows or lower lows/highs) first changes.
BULL (Bullish Color) & BEAR (Bearish Color):
What they do: These color inputs allow you to customize the visual appearance of bullish and bearish signals and lines drawn by the Smart Money component.
Effect: Purely cosmetic, helps with visual identification on the chart.
sm_tp_sl_multiplier (SM TP/SL Multiplier (ATR)):
What it does: A float value that acts as a multiplier for the Average True Range (ATR) to calculate the Take Profit (TP) and Stop Loss (SL) levels specifically when you're in "Smart Money Only" mode. It uses the ATR calculated by the UT Bot's nLoss_ut as its base.
Effect: A higher multiplier creates wider TP/SL levels, potentially leading to fewer trades but larger wins/losses. A lower multiplier creates tighter TP/SL levels, potentially leading to more frequent but smaller wins/losses.
2. UT Bot Alerts Inputs
These parameters control the behavior and sensitivity of the UT Bot component.
a_ut (UT Key Value (Sensitivity)):
What it does: This integer value adjusts the sensitivity of the UT Bot.
Effect: A higher value makes the UT Bot less sensitive to price fluctuations, resulting in fewer and potentially more reliable signals. A lower value makes it more sensitive, generating more signals, which can include more false signals.
Analogy: Like a noise filter. Higher values filter out more noise, keeping only strong signals.
c_ut (UT ATR Period):
What it does: This integer sets the look-back period for the Average True Range (ATR) calculation used by the UT Bot. ATR measures market volatility.
Effect: This period directly influences the calculation of the nLoss_ut (which is a_ut * xATR_ut), thus defining the distance of the trailing stop loss and take profit levels. A longer period makes the ATR smoother and less reactive to sudden price spikes. A shorter period makes it more responsive.
h_ut (UT Signals from Heikin Ashi Candles):
What it does: A boolean (true/false) input to determine if the UT Bot calculations should use standard candlestick data or Heikin Ashi candlestick data.
Effect: Heikin Ashi candles smooth out price action, often making trends clearer and reducing noise. Using them for UT Bot signals can lead to smoother, potentially delayed signals that stay with a trend longer. Standard candles are more reactive to raw price changes.
3. Line Drawing Control Buttons
These crucial boolean inputs determine which type of signals will trigger the drawing of TP/SL/Entry lines and flags on your chart. They act as a priority system.
drawLinesUtOnly (Draw Lines: UT Only):
What it does: If checked (true), lines and flags will only be drawn when the UT Bot generates a buy/sell signal.
Effect: Isolates UT Bot signals for visual analysis.
drawLinesSmartMoneyOnly (Draw Lines: Smart Money Only):
What it does: If checked (true), lines and flags will only be drawn when the Smart Money Breakout logic generates a bullish/bearish breakout.
Effect: Overrides drawLinesUtOnly if both are checked. Isolates Smart Money signals.
drawLinesCombined (Draw Lines: UT & Smart Money (Combined)):
What it does: If checked (true), lines and flags will only be drawn when both a UT Bot signal AND a Smart Money Breakout signal occur on the same bar.
Effect: Overrides both drawLinesUtOnly and drawLinesSmartMoneyOnly if checked. Provides the strictest entry criteria for line drawing, looking for strong confluence.
Dashboard Metrics Explained
The dashboard provides performance statistics based on the lines drawing control button selected. For example, if "Draw Lines: UT Only" is active, the dashboard will show stats only for UT Bot signals.
Total Signals: The total number of buy or sell signals generated by the selected drawing mode.
TP1 Win Rate: The percentage of signals where the price reached Take Profit 1 (TP1) before hitting the Stop Loss.
TP2 Win Rate: The percentage of signals where the price reached Take Profit 2 (TP2) before hitting the Stop Loss.
TP3 Win Rate: The percentage of signals where the price reached Take Profit 3 (TP3) before hitting the Stop Loss. (Note: TP1, TP2, TP3 are in order of distance from entry, with TP3 being furthest.)
SL before any TP rate: This crucial metric shows the number of times the Stop Loss was hit / the percentage of total signals where the stop loss was triggered before any of the three Take Profit levels were reached. This gives you a clear picture of how often a trade resulted in a loss without ever moving into profit target territory.
Short Tutorial: How to Use the Indicator
Add to Chart: Open your TradingView chart, go to "Indicators," search for "Alpha - Combined Breakout," and add it to your chart.
Access Settings: Once added, click the gear icon next to the indicator name on your chart to open its settings.
Choose Your Signal Mode:
For UT Bot only: Uncheck "Draw Lines: Smart Money Only" and "Draw Lines: UT & Smart Money (Combined)". Ensure "Draw Lines: UT Only" is checked.
For Smart Money only: Uncheck "Draw Lines: UT Only" and "Draw Lines: UT & Smart Money (Combined)". Ensure "Draw Lines: Smart Money Only" is checked.
For Combined Signals: Check "Draw Lines: UT & Smart Money (Combined)". This will override the other two.
Adjust Parameters:
Start with default settings. Observe how the signals appear on your chosen asset and timeframe.
Refine Smart Money: If you see too many "noisy" market structure breaks, increase swingSize. If you want earlier breakouts, try "Wicks" for bosConfType.
Refine UT Bot: Adjust a_ut (Sensitivity) to get more or fewer UT Bot signals. Change c_ut (ATR Period) if you want larger or smaller TP/SL distances. Experiment with h_ut to see if Heikin Ashi smoothing suits your trading style.
Adjust TP/SL Multiplier: If using "Smart Money Only" mode, fine-tune sm_tp_sl_multiplier to set appropriate risk/reward levels.
Interpret Signals & Lines:
Buy/Sell Flags: These indicate the presence of a signal based on your selected drawing mode.
Entry Line (Blue Solid): This is where the signal was generated (usually the close price of the signal candle).
SL Line (Red/Green Solid): Your calculated stop loss level.
TP Lines (Dashed): Your three calculated take profit levels (TP1, TP2, TP3, where TP3 is the furthest target).
Smart Money Lines (BOS/CHoCH): These lines indicate horizontal levels where market structure breaks occurred. CHoCH labels might appear at the first structural break against the prior trend.
Monitor Dashboard: Pay attention to the dashboard in the top right corner. This dynamically updates to show the win rates for each TP and, crucially, the "SL before any TP rate." Use these statistics to evaluate the effectiveness of the indicator's signals under your current settings and chosen mode.
*
Set Alerts (Optional): You can set up alerts for any of the specific signals (UT Bot Long/Short, Smart Money Bullish/Bearish, or the "Line Draw" combined signals) to notify you when they occur, even if you're not actively watching the chart.
By following this tutorial, you'll be able to effectively use and customize the "Alpha - Combined Breakout" indicator to suit your trading strategy.
Better MACD📘 Better MACD – Adaptive Momentum & Divergence Suite
Better MACD is a comprehensive momentum-trend tool that evolves the traditional MACD into a multi-dimensional, divergence-aware oscillator. It leverages exponential smoothing across logarithmic rate-of-change of OHLC data, adaptive signal processing, and intelligent divergence detection logic to provide traders with earlier, smoother, and more reliable momentum signals.
This indicator is built for professional-level analysis, suitable for scalping, swing trading, and trend-following systems.
🧬 Core Concept
Unlike the classic MACD which subtracts two EMAs of price, Better MACD constructs a signal by:
Applying logarithmic transformation on the change between OHLC components (Close, High, Low, Open).
Using double EMA smoothing to filter noise and volatility, Triangular method. 1st to 2nd Smoothing.
Averaging and de-biasing the results through a custom linear regression model, 4th Smoothing.
Subtracting a fast SMA and slow SMA response to yield a dynamic MACD value, 3rd Smoothing.
The result is a smooth, adaptive, and high-resolution MACD-style oscillator that responds more naturally to trend conditions and price geometry.
🧠 Features Breakdown
1. 📈 Multi-Layer MACD Engine
Src1: Smoothed Log Rate-of-Change on Close
Src2: Smoothed Log Rate-of-Change on High
Src3: Smoothed Log Rate-of-Change on Low
Src4: Smoothed Log Rate-of-Change on Open
These are blended using highest high, lowest low, and average Close price over a configurable window for more complete trend detection. The open-based Src4 is subtracted using SMA.
2. 🧮 Signal Line
A fast EMA (signalLength) of the Better MACD value is used for crossover logic.
Crossovers of MACD and Signal line signal potential entries or exits.
3. 📊 MACD Histogram
Visualizes the difference between MACD and Signal line.
Dynamically color-coded:
Green/Light Green for bullish impulse
Red/Pink for bearish impulse
Width and color intensity reflect strength and momentum slope.
🎨 Visual Enhancements
Feature Description
✅ Ribbon Fill Optional fill between MACD and Signal line, colored by trend direction
✅ Zero-Line Background Background highlights above/below 0 to easily read bullish/bearish bias
✅ Crossover Highlights Tiny circles plotted when MACD crosses Signal line
🔍 Divergence Detection Suite
The script includes a full Divergence Engine to detect:
🔼 Bullish Regular Divergence (Price lower lows + Indicator higher lows)
🔽 Bearish Regular Divergence (Price higher highs + Indicator lower highs)
🟢 Bullish Hidden Divergence (Price higher lows + Indicator lower lows)
🔴 Bearish Hidden Divergence (Price lower highs + Indicator higher highs)
🧩 Divergence Modes:
Supports both Regular, Hidden, or Both simultaneously
Detects from either Close Price or Heikin Ashi-derived candles
Uses dynamic pivot tracking with configurable lookback and divergence sensitivity
Divergence lines are labeled, colored, and plotted in real-time
🔁 Styling & Customization:
Choose from Solid, Dashed, or Dotted line styles
Configure separate colors and widths for all divergence types
Control number of divergence lines visible or only show the most recent
Divergences update live without repainting
⚠️ Alerts
Alerts are built-in for real-time notification:
MACD Histogram reversals (rising → falling, or vice versa)
Divergence signals (all 4 types, grouped and individually)
Combines seamlessly with TradingView alerts for actionable triggers
🔧 Input Controls (Grouped by Purpose)
Better MACD Group
1st–4th Smoothing Lengths: Controls responsiveness of MACD core engine
Signal Length: Smoothness of signal line
Toggles for crossover highlights, zero cross fills, and ribbon fills
Divergence Settings
Enable/disable divergence lines
Choose divergence type (Regular, Hidden, Both)
Set confirmation requirements
Customize pivot detection and bar search depth
Styling Options
Colors, line widths, and line styles for each divergence type
Heikin Ashi Mode for smoother pivots and divergences
🧠 How to Use
✅ For Trend Traders:
Use MACD > Signal + Histogram > 0 → Bullish confirmation
MACD < Signal + Histogram < 0 → Bearish confirmation
Wait for pullbacks with hidden divergences to enter in trend direction
✅ For Reversal Traders:
Look for Regular Divergences at trend exhaustion points
Combine with price action (e.g., support/resistance or candle pattern)
✅ For Swing & Day Traders:
Enable Heikin Ashi Mode for smoother divergence pivots
Use zero line background + histogram color to time entries
📌 Summary
Feature Description
🚀 Advanced MACD Core Smoother, more reliable, multi-source-based MACD
🔍 Divergence Engine Detects 4 divergence types with pivot logic
🎯 Real-Time Alerts Alerts for histogram slope and divergences
🎛️ Deep Customization Full styling, smoothing, and detection controls
📉 Heikin Ashi Support Improved signal quality in trend-based markets
Ultimate Scalping Tool[BullByte]Overview
The Ultimate Scalping Tool is an open-source TradingView indicator built for scalpers and short-term traders released under the Mozilla Public License 2.0. It uses a custom Quantum Flux Candle (QFC) oscillator to combine multiple market forces into one visual signal. In plain terms, the script reads momentum, trend strength, volatility, and volume together and plots a special “candlestick” each bar (the QFC) that reflects the overall market bias. This unified view makes it easier to spot entries and exits: the tool labels signals as Strong Buy/Sell, Pullback (a brief retracement in a trend), Early Entry, or Exit Warning . It also provides color-coded alerts and a small dashboard of metrics. In practice, traders see green/red oscillator bars and symbols on the chart when conditions align, helping them scalp or trend-follow without reading multiple separate indicators.
Core Components
Quantum Flux Candle (QFC) Construction
The QFC is the heart of the indicator. Rather than using raw price, it creates a candlestick-like bar from the underlying oscillator values. Each QFC bar has an “open,” “high/low,” and “close” derived from calculated momentum and volatility inputs for that period . In effect, this turns the oscillator into intuitive candle patterns so traders can recognize momentum shifts visually. (For comparison, note that Heikin-Ashi candles “have a smoother look because take an average of the movement”. The QFC instead represents exact oscillator readings, so it reflects true momentum changes without hiding price action.) Colors of QFC bars change dynamically (e.g. green for bullish momentum, red for bearish) to highlight shifts. This is the first open-source QFC oscillator that dynamically weights four non-correlated indicators with moving thresholds, which makes it a unique indicator on its own.
Oscillator Normalization & Adaptive Weights
The script normalizes its oscillator to a fixed scale (for example, a 0–100 range much like the RSI) so that various inputs can be compared fairly. It then applies adaptive weighting: the relative influence of trend, momentum, volatility or volume signals is automatically adjusted based on current market conditions. For instance, in very volatile markets the script might weight volatility more heavily, or in a strong trend it might give extra weight to trend direction. Normalizing data and adjusting weights helps keep the QFC sensitive but stable (normalization ensures all inputs fit a common scale).
Trend/Momentum/Volume/Volatility Fusion
Unlike a typical single-factor oscillator, the QFC oscillator fuses four aspects at once. It may compute, for example, a trend indicator (such as an ADX or moving average slope), a momentum measure (like RSI or Rate-of-Change), a volume-based pressure (similar to MFI/OBV), and a volatility measure (like ATR) . These different values are combined into one composite oscillator. This “multi-dimensional” approach follows best practices of using non-correlated indicators (trend, momentum, volume, volatility) for confirmation. By encoding all these signals in one line, a high QFC reading means that trend, momentum, and volume are all aligned, whereas a neutral reading might mean mixed conditions. This gives traders a comprehensive picture of market strength.
Signal Classification
The script interprets the QFC oscillator to label trades. For example:
• Strong Buy/Sell : Triggered when the oscillator crosses a high-confidence threshold (e.g. breaks clearly above zero with strong slope), indicating a well-confirmed move. This is like seeing a big green/red QFC candle aligned with the trend.
• Pullbacks : Identified when the trend is up but momentum dips briefly. A Pullback Buy appears if the overall trend is bullish but the oscillator has a short retracement – a typical buying opportunity in an uptrend. (A pullback is “a brief decline or pause in a generally upward price trend”.)
• Early Buy/Sell : Marks an initial swing in the oscillator suggesting a possible new trend, before it is fully confirmed. It’s a hint of momentum building (an early-warning signal), not as strong as the confirmed “Strong” signal.
• Exit Warnings : Issued when momentum peaks or reverses. For instance, if the QFC bars reach a high and start turning red/green opposite, the indicator warns that the move may be ending. In other words, a Momentum Peak is the point of maximum strength after which weakness may follow.
These categories correspond to typical trading concepts: Pullback (temporary reversal in an uptrend), Early Buy (an initial bullish cross), Strong Buy (confirmed bullish momentum), and Momentum Peak (peak oscillator value suggesting exhaustion).
Filters (DI Reversal, Dynamic Thresholds, HTF EMA/ADX)
Extra filters help avoid bad trades. A DI Reversal filter uses the +DI/–DI lines (from the ADX system) to require that the trend direction confirms the signal . For example, it might ignore a buy signal if the +DI is still below –DI. Dynamic Thresholds adjust signal levels on-the-fly: rather than fixed “overbought” lines, they move with volatility so signals happen under appropriate market stress. An optional High-Timeframe EMA or ADX filter adds a check against a larger timeframe trend: for instance, only taking a trade if price is above the weekly EMA or if weekly ADX shows a strong trend. (Notably, the ADX is “a technical indicator used by traders to determine the strength of a price trend”, so requiring a high-timeframe ADX avoids trading against the bigger trend.)
Dashboard Metrics & Color Logic
The Dashboard in the Ultimate Scalping Tool (UST) serves as a centralized information hub, providing traders with real-time insights into market conditions, trend strength, momentum, volume pressure, and trade signals. It is highly customizable, allowing users to adjust its appearance and content based on their preferences.
1. Dashboard Layout & Customization
Short vs. Extended Mode : Users can toggle between a compact view (9 rows) and an extended view (13 rows) via the `Short Dashboard` input.
Text Size Options : The dashboard supports three text sizes— Tiny, Small, and Normal —adjustable via the `Dashboard Text Size` input.
Positioning : The dashboard is positioned in the top-right corner by default but can be moved if modified in the script.
2. Key Metrics Displayed
The dashboard presents critical trading metrics in a structured table format:
Trend (TF) : Indicates the current trend direction (Strong Bullish, Moderate Bullish, Sideways, Moderate Bearish, Strong Bearish) based on normalized trend strength (normTrend) .
Momentum (TF) : Displays momentum status (Strong Bullish/Bearish or Neutral) derived from the oscillator's position relative to dynamic thresholds.
Volume (CMF) : Shows buying/selling pressure levels (Very High Buying, High Selling, Neutral, etc.) based on the Chaikin Money Flow (CMF) indicator.
Basic & Advanced Signals:
Basic Signal : Provides simple trade signals (Strong Buy, Strong Sell, Pullback Buy, Pullback Sell, No Trade).
Advanced Signal : Offers nuanced signals (Early Buy/Sell, Momentum Peak, Weakening Momentum, etc.) with color-coded alerts.
RSI : Displays the Relative Strength Index (RSI) value, colored based on overbought (>70), oversold (<30), or neutral conditions.
HTF Filter : Indicates the higher timeframe trend status (Bullish, Bearish, Neutral) when using the Leading HTF Filter.
VWAP : Shows the V olume-Weighted Average Price and whether the current price is above (bullish) or below (bearish) it.
ADX : Displays the Average Directional Index (ADX) value, with color highlighting whether it is rising (green) or falling (red).
Market Mode : Shows the selected market type (Crypto, Stocks, Options, Forex, Custom).
Regime : Indicates volatility conditions (High, Low, Moderate) based on the **ATR ratio**.
3. Filters Status Panel
A secondary panel displays the status of active filters, helping traders quickly assess which conditions are influencing signals:
- DI Reversal Filter: On/Off (confirms reversals before generating signals).
- Dynamic Thresholds: On/Off (adjusts buy/sell thresholds based on volatility).
- Adaptive Weighting: On/Off (auto-adjusts oscillator weights for trend/momentum/volatility).
- Early Signal: On/Off (enables early momentum-based signals).
- Leading HTF Filter: On/Off (applies higher timeframe trend confirmation).
4. Visual Enhancements
Color-Coded Cells : Each metric is color-coded (green for bullish, red for bearish, gray for neutral) for quick interpretation.
Dynamic Background : The dashboard background adapts to market conditions (bullish/bearish/neutral) based on ADX and DI trends.
Customizable Reference Lines : Users can enable/disable fixed reference lines for the oscillator.
How It(QFC) Differs from Traditional Indicators
Quantum Flux Candle (QFC) Versus Heikin-Ashi
Heikin-Ashi candles smooth price by averaging (HA’s open/close use averages) so they show trend clearly but hide true price (the current HA bar’s close is not the real price). QFC candles are different: they are oscillator values, not price averages . A Heikin-Ashi chart “has a smoother look because it is essentially taking an average of the movement”, which can cause lag. The QFC instead shows the raw combined momentum each bar, allowing faster recognition of shifts. In short, HA is a smoothed price chart; QFC is a momentum-based chart.
Versus Standard Oscillators
Common oscillators like RSI or MACD use fixed formulas on price (or price+volume). For example, RSI “compares gains and losses and normalizes this value on a scale from 0 to 100”, reflecting pure price momentum. MFI is similar but adds volume. These indicators each show one dimension: momentum or volume. The Ultimate Scalping Tool’s QFC goes further by integrating trend strength and volatility too. In practice, this means a move that looks strong on RSI might be downplayed by low volume or weak trend in QFC. As one source notes, using multiple non-correlated indicators (trend, momentum, volume, volatility) provides a more complete market picture. The QFC’s multi-factor fusion is unique – it is effectively a multi-dimensional oscillator rather than a traditional single-input one.
Signal Style
Traditional oscillators often use crossovers (RSI crossing 50) or fixed zones (MACD above zero) for signals. The Ultimate Scalping Tool’s signals are custom-classified: it explicitly labels pullbacks, early entries, and strong moves. These terms go beyond a typical indicator’s generic “buy”/“sell.” In other words, it packages a strategy around the oscillator, which traders can backtest or observe without reading code.
Key Term Definitions
• Pullback : A short-term dip or consolidation in an uptrend. In this script, a Pullback Buy appears when price is generally rising but shows a brief retracement. (As defined by Investopedia, a pullback is “a brief decline or pause in a generally upward price trend”.)
• Early Buy/Sell : An initial or tentative entry signal. It means the oscillator first starts turning positive (or negative) before a full trend has developed. It’s an early indication that a trend might be starting.
• Strong Buy/Sell : A confident entry signal when multiple conditions align. This label is used when momentum is already strong and confirmed by trend/volume filters, offering a higher-probability trade.
• Momentum Peak : The point where bullish (or bearish) momentum reaches its maximum before weakening. When the oscillator value stops rising (or falling) and begins to reverse, the script flags it as a peak – signaling that the current move could be overextended.
What is the Flux MA?
The Flux MA (Moving Average) is an Exponential Moving Average (EMA) applied to a normalized oscillator, referred to as FM . Its purpose is to smooth out the fluctuations of the oscillator, providing a clearer picture of the underlying trend direction and strength. Think of it as a dynamic baseline that the oscillator moves above or below, helping you determine whether the market is trending bullish or bearish.
How it’s calculated (Flux MA):
1.The oscillator is normalized (scaled to a range, typically between 0 and 1, using a default scale factor of 100.0).
2.An EMA is applied to this normalized value (FM) over a user-defined period (default is 10 periods).
3.The result is rescaled back to the oscillator’s original range for plotting.
Why it matters : The Flux MA acts like a support or resistance level for the oscillator, making it easier to spot trend shifts.
Color of the Flux Candle
The Quantum Flux Candle visualizes the normalized oscillator (FM) as candlesticks, with colors that indicate specific market conditions based on the relationship between the FM and the Flux MA. Here’s what each color means:
• Green : The FM is above the Flux MA, signaling bullish momentum. This suggests the market is trending upward.
• Red : The FM is below the Flux MA, signaling bearish momentum. This suggests the market is trending downward.
• Yellow : Indicates strong buy conditions (e.g., a "Strong Buy" signal combined with a positive trend). This is a high-confidence signal to go long.
• Purple : Indicates strong sell conditions (e.g., a "Strong Sell" signal combined with a negative trend). This is a high-confidence signal to go short.
The candle mode shows the oscillator’s open, high, low, and close values for each period, similar to price candlesticks, but it’s the color that provides the quick visual cue for trading decisions.
How to Trade the Flux MA with Respect to the Candle
Trading with the Flux MA and Quantum Flux Candle involves using the MA as a trend indicator and the candle colors as entry and exit signals. Here’s a step-by-step guide:
1. Identify the Trend Direction
• Bullish Trend : The Flux Candle is green and positioned above the Flux MA. This indicates upward momentum.
• Bearish Trend : The Flux Candle is red and positioned below the Flux MA. This indicates downward momentum.
The Flux MA serves as the reference line—candles above it suggest buying pressure, while candles below it suggest selling pressure.
2. Interpret Candle Colors for Trade Signals
• Green Candle : General bullish momentum. Consider entering or holding a long position.
• Red Candle : General bearish momentum. Consider entering or holding a short position.
• Yellow Candle : A strong buy signal. This is an ideal time to enter a long trade.
• Purple Candle : A strong sell signal. This is an ideal time to enter a short trade.
3. Enter Trades Based on Crossovers and Colors
• Long Entry : Enter a buy position when the Flux Candle turns green and crosses above the Flux MA. If it turns yellow, this is an even stronger signal to go long.
• Short Entry : Enter a sell position when the Flux Candle turns red and crosses below the Flux MA. If it turns purple, this is an even stronger signal to go short.
4. Exit Trades
• Exit Long : Close your buy position when the Flux Candle turns red or crosses below the Flux MA, indicating the bullish trend may be reversing.
• Exit Short : Close your sell position when the Flux Candle turns green or crosses above the Flux MA, indicating the bearish trend may be reversing.
•You might also exit a long trade if the candle changes from yellow to green (weakening strong buy signal) or a short trade from purple to red (weakening strong sell signal).
5. Use Additional Confirmation
To avoid false signals, combine the Flux MA and candle signals with other indicators or dashboard metrics (e.g., trend strength, momentum, or volume pressure). For example:
•A yellow candle with a " Strong Bullish " trend and high buying volume is a robust long signal.
•A red candle with a " Moderate Bearish " trend and neutral momentum might need more confirmation before shorting.
Practical Example
Imagine you’re scalping a cryptocurrency:
• Long Trade : The Flux Candle turns yellow and is above the Flux MA, with the dashboard showing "Strong Buy" and high buying volume. You enter a long position. You exit when the candle turns red and dips below the Flux MA.
• Short Trade : The Flux Candle turns purple and crosses below the Flux MA, with a "Strong Sell" signal on the dashboard. You enter a short position. You exit when the candle turns green and crosses above the Flux MA.
Market Presets and Adaptation
This indicator is designed to work on any market with candlestick price data (stocks, crypto, forex, indices, etc.). To handle different behavior, it provides presets for major asset classes. Selecting a “Stocks,” “Crypto,” “Forex,” or “Options” preset automatically loads a set of parameter values optimized for that market . For example, a crypto preset might use a shorter lookback or higher sensitivity to account for crypto’s high volatility, while a stocks preset might use slightly longer smoothing since stocks often trend more slowly. In practice, this means the same core QFC logic applies across markets, but the thresholds and smoothing adjust so signals remain relevant for each asset type.
Usage Guidelines
• Recommended Timeframes : Optimized for 1 minute to 15 minute intraday charts. Can also be used on higher timeframes for short term swings.
• Market Types : Select “Crypto,” “Stocks,” “Forex,” or “Options” to auto tune periods, thresholds and weights. Use “Custom” to manually adjust all inputs.
• Interpreting Signals : Always confirm a signal by checking that trend, volume, and VWAP agree on the dashboard. A green “Strong Buy” arrow with green trend, green volume, and price > VWAP is highest probability.
• Adjusting Sensitivity : To reduce false signals in fast markets, enable DI Reversal Confirmation and Dynamic Thresholds. For more frequent entries in trending environments, enable Early Entry Trigger.
• Risk Management : This tool does not plot stop loss or take profit levels. Users should define their own risk parameters based on support/resistance or volatility bands.
Background Shading
To give you an at-a-glance sense of market regime without reading numbers, the indicator automatically tints the chart background in three modes—neutral, bullish and bearish—with two levels of intensity (light vs. dark):
Neutral (Gray)
When ADX is below 20 the market is considered “no trend” or too weak to trade. The background fills with a light gray (high transparency) so you know to sit on your hands.
Bullish (Green)
As soon as ADX rises above 20 and +DI exceeds –DI, the background turns a semi-transparent green, signaling an emerging uptrend. When ADX climbs above 30 (strong trend), the green becomes more opaque—reminding you that trend-following signals (Strong Buy, Pullback) carry extra weight.
Bearish (Red)
Similarly, if –DI exceeds +DI with ADX >20, you get a light red tint for a developing downtrend, and a darker, more solid red once ADX surpasses 30.
By dynamically varying both hue (green vs. red vs. gray) and opacity (light vs. dark), the background instantly communicates trend strength and direction—so you always know whether to favor breakout-style entries (in a strong trend) or stay flat during choppy, low-ADX conditions.
The setup shown in the above chart snapshot is BTCUSD 15 min chart : Binance for reference.
Disclaimer
No indicator guarantees profits. Backtest or paper trade this tool to understand its behavior in your market. Always use proper position sizing and stop loss orders.
Good luck!
- BullByte
Crosby Ratio | QuantumResearch ⚖️ Crosby Ratio | QuantumResearch
A Heikin-Ashi Smoothed Momentum Oscillator for Trend Strength & Market Rotation
Inspired by the Original Work of Bitcoin Magazine Pro
🔗 www.bitcoinmagazinepro.com
📘 Overview
The Crosby Ratio, as originally conceptualized by Bitcoin Magazine Pro, is a powerful tool used to evaluate the momentum and directional strength of price movement by analyzing the slope of market trends in degrees.
This enhanced implementation by QuantumResearch builds on the original concept with a Pine Script version tailored for trading charts, integrating Heikin-Ashi smoothing, ATR scaling, and customizable visual modes to fit traders' unique styles.
🧠 What Is the Crosby Ratio?
At its core, the Crosby Ratio uses angular measurement to quantify price movement — translating price trend strength into degrees. This approach allows traders to:
📈 Identify when the market is exhibiting strong upward or downward pressure
🚨 Spot overextended or overheated trend conditions
⚖ Filter out short-term noise and focus on macro momentum
🔍 1. Key Innovations by QuantumResearch
✅ Heikin-Ashi Smoothing: Reduces noise and stabilizes price action before computing momentum angles
✅ Custom atan2() Angular Function: Measures the directional angle between smoothed price changes and ATR-based scaling
✅ Dynamic Threshold Bands: Color-coded zones highlight overbought/oversold momentum regions
✅ Fully Customizable Palette: Choose from 8 visual themes with automatic color adaptation
📊 2. Interpretation Guide
Crosby Value Interpretation
> +18° 🚀 Strong bullish trend acceleration
+13° to +18° 📈 Moderate upward momentum
-9° to +13° ⚖ Neutral/transition phase
-15° to -9° 📉 Moderate bearish pressure
< -15° 🛑 Strong bearish acceleration
The indicator also features background shading when values exceed key thresholds, improving visual clarity during trend inflection points.
📌 Ideal Use Cases
🔄 Rotational Momentum Strategies: Spot the strongest assets during rapid shifts
⚡ Breakout Filtering: Confirm whether breakouts have directional strength
🧘 Noise Reduction: Heikin-Ashi smoothing filters chaotic wicks, especially in crypto
📉 Bearish Exhaustion Detection: Quickly identify when bearish momentum might be overdone
🔗 Original Inspiration & Acknowledgment
This indicator draws its core idea and naming convention from the original Crosby Ratio developed and introduced by Bitcoin Magazine Pro in their excellent write-up:
🔗 The Crosby Ratio – Bitcoin Magazine Pro
Their work on quantifying market sentiment via angle-based momentum inspired this script adaptation for TradingView with added visual features, smoothing techniques, and alerts.
⚠️ Disclaimer
This indicator is a momentum oscillator and should be used in conjunction with other confirmation tools. Market dynamics can vary, and no single metric ensures profitable trades. Always apply proper risk management.
Oracle Fear and GreedCustom Fear and Greed Oscillator with Movement Table
This indicator provides a unique perspective on market sentiment by calculating a custom fear/greed oscillator based on Heikin-Ashi candles. The oscillator is centered at 50, with values above 50 suggesting bullish sentiment ("greed") and below 50 indicating bearish sentiment ("fear"). The calculation incorporates candle body size, range, and a custom "candle strength" measure, providing an innovative approach to understanding market behavior.
Key Features:
Heikin-Ashi Based Oscillator:
Utilizes Heikin-Ashi candles to compute a custom oscillator. The value is centered at 50, with deviations indicating the prevailing market sentiment.
Dynamic Gradient Coloring:
The oscillator line is dynamically colored with a smooth gradient—from blue (representing fear) at lower values to pink (representing greed) at higher values—making it visually intuitive.
Horizontal Levels:
Two additional horizontal lines are drawn at 40.62 ("Bottom") and 60.74 ("Top"), which may serve as potential oversold and overbought boundaries respectively.
Fast Movement Metrics:
Every 5 bars, the indicator calculates the percentage change in the Heikin-Ashi close. This fast movement analysis distinguishes rapid downward moves (fast fear) from rapid upward moves (fast greed), helping to capture sudden market shifts.
Information Table:
A table in the top-right corner displays the most recent fast movement values for both fear and greed, offering quick insights into short-term market dynamics.
Usage Tips:
Adjust the smoothing period to match your preferred trading timeframe.
Use the oscillator alongside other analysis tools for more robust trading decisions.
Ideal for those looking to experiment with new approaches to sentiment analysis and momentum detection.
Disclaimer:
This indicator is intended for educational and experimental purposes. It should not be used as the sole basis for any trading decisions. Always combine with comprehensive market analysis and risk management strategies.
You can add this description when publishing your indicator on TradingView to help other users understand its features and intended use.
Enhanced Buy/Sell Pressure, Volume, and Trend Bar analysisEnhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis Indicator
Overview
This indicator is designed to help traders identify buy and sell pressure, volume changes, and overall trend direction in the market. It combines multiple concepts like price action, volume, and trend analysis, candlestick anaysis to provide a comprehensive view of market dynamics. The visual elements are intuitive, making it suitable for traders at different levels. This indicator works together with Enhanced Pressure MTF Screener which is a screener based of this indicator to make it easier to see Bullish/Bearish pressures and trend across multiple timeframes.
Image below: is the Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis with the Enhanced Pressure MTF Screener indicator both active together.
Key Features
1.Buy/Sell Pressure Identification
Buy Pressure: Calculated based on price movement where the close price is higher than the opening price.
Sell Pressure: Calculated when the closing price is equal to or lower than the opening price.These pressures help you understand whether buyers or sellers are more dominant for each bar.
2.Volume Analysis
Normalized Volume: Volume data is normalized, making it easier to compare volume levels over different periods.
Volume Histogram: The volume is also presented as a histogram for easy visualization, showing whether the current volume is higher or lower compared to the average.
3.Simplified Coloring Option
You can choose to simplify the coloring of bars to reflect the dominant pressure: green for bullish pressure and red for bearish pressure. This makes it visually easier to identify who is in control. When simplified coloring is disabled, the bars' colors will represent the combined effect of buy and sell pressure.
4.Heikin-Ashi Candles for Pressure Calculation
The indicator includes an option to use Heikin-Ashi candles instead of traditional candles to calculate buy and sell pressure. Heikin-Ashi candles are known for smoothing out price action and providing a clearer trend representation.
5.Trend Background Coloring
This feature uses exponential moving averages (EMAs) to determine the trend:
Short-Term EMA vs. Long-Term EMA: When the short-term EMA is above the long-term EMA, the trend is considered bullish, and vice versa.
The background color changes based on the identified trend: green for an uptrend and red for a downtrend. This feature helps visualize the overall market direction at a glance.
6.Signals for Key Price Actions
The indicator plots various symbols to signal important price movements:
Bullish Close (▲): Indicates a strong upward movement where the close price crosses above the open.
Bearish Close (▼): Indicates a downward movement where the close price falls below the open.
Higher High (•): Highlights new highs compared to previous bars, useful for confirming an uptrend.
Lower Low (•): Highlights lower lows compared to previous bars, which can indicate a downtrend or bearish pressure.
Calculations Explained
1.Buy and Sell Pressure Calculation
The buy pressure is determined by the price range (high - low) if the closing price is above the opening price, indicating an increase in value.
The sell pressure is similarly calculated when the closing price is equal to or below the opening price.
The indicator uses the Average True Range (ATR) for normalization. Normalizing helps you compare pressure across different periods, regardless of market volatility.
2.Volume Normalization
Volume Normalization: To make volume comparable across different periods, the indicator normalizes it using the Simple Moving Average (SMA) of volume over a user-defined length.
Volume Histogram: The histogram provides a clear representation of volume changes compared to the average, making it easier to spot unusual activity that may indicate market shifts.
3.Combined Pressure Calculation
The indicator calculates a combined pressure value by subtracting sell pressure from buy pressure.
When combined pressure is positive, buying is dominant, and when negative, selling is dominant. This helps in visually understanding the ongoing momentum.
4.Trend Calculation
The indicator uses two EMAs to determine the trend:
Short-Term EMA (default 14-period) to capture recent price movements.
Long-Term EMA (default 50-period) to provide a broader trend perspective.
By comparing these EMAs on a higher timeframe, the indicator can identify whether the trend is up or down, making it easier for traders to align their trades with the larger market movement.
Inputs and Customization
The indicator provides several options for customization, allowing you to adjust it to your preferences:
SMA Length: Determines the lookback period for moving averages and volume normalization. A longer length provides more smoothing, whereas a shorter length makes the indicator more responsive.
Buy/Sell/Volume Colors: Customize the colors used to represent buying, selling, and volume to suit your preferences.
Heikin Ashi Option: Toggle between using Heikin Ashi or traditional OHLC (Open-High-Low-Close) candles for pressure calculations.
Trend Timeframe and EMA Periods: You can choose different timeframes and EMA periods for trend analysis to suit your trading strategy.
How to Use This Indicator
Identifying Market Momentum: Use the buy/sell pressure columns to see which side (buyers or sellers) is in control. Positive pressure combined with green color indicates strong buying, while red indicates selling.
Volume Confirmation: Check the volume area plot and histogram. High volume coupled with strong pressure is a sign of conviction, meaning the current move has backing from market participants.
Trend Identification: The trend background color helps identify the overall trend direction. Trade in the direction of the trend (e.g., take long positions during a green background).
Signal Indicators: The plotted symbols like "Bullish Close" and "Bearish Close" provide visual signals of key price actions, useful for timing entry or exit points.
Practical use Example
Scenario: The market is consolidating, and you see alternating green and red bars.
Action: Wait for a consistent sequence of green bars (buy pressure) along with a green background (uptrend) to consider going long, although you can go long without having a green background, the background adds confirmation layer.
Scenario: The market has several bearish closes (red ▼ symbols) accompanied by increasing volume.
Action: This could indicate strong selling pressure. If the background also turns red, it might be a good time to exit long positions or consider shorting.
Higher timeframe pressure and volume: Another way to use the indicator is to check buy/sell volume and pressure of the higher timeframe say weekly or daily or any timeframe you consider higher, once you’ve identified or feel confident in which direction the bar is going along with the full picture of trend, you can go to the lower timeframe and wait for it to sync with the higher timeframe to consider a long or a short. It is also easier to see when markets sync up by also applying the Enhanced Pressure MTF Screener which works in companion to this indicator.
Visual Cues and Interpretation
Combined Pressure Plot: The green and red column plot at the bottom of the chart represents the dominance between buying and selling. Tall green bars signify strong buying, while tall red bars indicate selling dominance.
Trend Background: Helps visualize the overall direction without manually drawing trend lines. When the background turns green, it generally indicates that the shorter-term moving average has crossed above the longer-term average—a sign of a bullish trend.
To Summarize shortly
The Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis Indicator is an advanced but simple tool designed to help traders visually understand market dynamics. It combines different aspects of market analysis of candle pressure from buyers and sellers, volume confirmation, and trend identification into a single view, which can assist both new and experienced traders in making informed trading decisions.
This indicator:
Saves time by simplifying market analysis.
Provides clear visual cues for buy/sell pressure, volume, and trend.
Offers customizable settings to suit individual trading styles.
Always, I am happy to share my creations with you all for free. If you guys have cool ideas you would like to share, or suggestions for improvements the comment is below and I hope this overview gave an idea of how to use the indicator :D
Standardized SuperTrend Oscillator
The Standardized SuperTrend Oscillator (SSO) is a versatile tool that transforms the SuperTrend indicator into an oscillator, offering both trend-following and mean reversion capabilities. It provides deeper insights into trends by standardizing the SuperTrend with respect to its upper and lower bounds, allowing traders to identify potential reversals and contrarian signals.
Methodology:
Lets begin with describing the SuperTrend indicator, which is the fundamental tool this script is based on.
SuperTrend:
The SuperTrend is calculated based on the average true range (ATR) and multiplier. It identifies the trend direction by placing a line above or below the price. In an uptrend, the line is below the price; in a downtrend, it's above the price.
pine_st(float src = hl2, float factor = 3., simple int len = 10) =>
float atr = ta.atr(len)
float up = src + factor * atr
up := up < nz(up ) or close > nz(up ) ? up : nz(up )
float lo = src - factor * atr
lo := lo > nz(lo ) or close < nz(lo ) ? lo : nz(lo )
int dir = na
float st = na
if na(atr )
dir := 1
else if st == nz(up )
dir := close > up ? -1 : 1
else
dir := close < lo ? 1 : -1
st := dir == -1 ? lo : up
SSO Oscillator:
The SSO is derived from the SuperTrend and the source price. It calculates the standardized difference between the SuperTrend and the source price. The standardization is achieved by dividing this difference by the distance between the upper and lower bounds of the SuperTrend.
float sso = (src - st) / (up - lo)
Components and Features:
SuperTrend of Oscillator - An additional SuperTrend based on the direction and volatility of the oscillator, behaving as the SuperTrend OF the SuperTrend. This provides further trend analysis of the underlying broad trend regime.
Reversion Tracer - The RSI of the direction of the original SuperTrend, providing a dynamic threshold for premium and discount price areas.
float rvt = ta.rsi(dir, len)
Heikin Ashi Transform - An option to apply the Heikin Ashi transform to the source price of the oscillator, providing a smoother visual representation of trends.
Display Modes - Choose between Line mode for a standard oscillator view or Candle mode, displaying the oscillator as Heikin Ashi candles for more in-depth trend analysis.
Contrarian and Reversion Signals:
Contrarian Signals - Based on the SuperTrend of the oscillator, these signals can act as potential buy or sell indications, highlighting potential trend exhaustion or premature reversals.
Reversion Signals - Generated when the oscillator crosses above or below the Reversion Tracer, signaling potential mean reversion opportunities or trend breakouts.
Utility and Use Cases:
Trend Analysis - Utilize the SSO as a trend-following tool with the added benefits of the oscillator's SuperTrend and Heikin Ashi transform.
Valuation Analysis - Leverage the oscillator's reversion signals for identifying potential mean reversion opportunities in the market.
The Standardized SuperTrend Oscillator enhances the capabilities of the SuperTrend indicator, offering a balanced approach to both trend-following and mean reversion strategies. Its customizable options and contrarian signals make it a valuable instrument for traders seeking comprehensive trend analysis and potential reversal signals.
3kilos BTC 15mThe "3kilos BTC 15m" is a comprehensive trading strategy designed to work on a 15-minute timeframe for Bitcoin (BTC) or other cryptocurrencies. This strategy combines multiple indicators, including Triple Exponential Moving Averages (TEMA), Average True Range (ATR), and Heikin-Ashi candlesticks, to generate buy and sell signals. It also incorporates risk management features like take profit and stop loss.
Indicators
Triple Exponential Moving Averages (TEMA): Three TEMA lines are used with different lengths and sources:
Short TEMA (Red) based on highs
Long TEMA 1 (Blue) based on lows
Long TEMA 2 (Green) based on closing prices
Average True Range (ATR): Custom ATR calculation with EMA smoothing is used for volatility measurement.
Supertrend: Calculated using ATR and a multiplier to determine the trend direction.
Simple Moving Average (SMA): Applied to the short TEMA to smooth out its values.
Heikin-Ashi Close: Used for additional trend confirmation.
Entry & Exit Conditions
Long Entry: Triggered when the short TEMA is above both long TEMA lines, the Supertrend is bullish, the short TEMA is above its SMA, and the Heikin-Ashi close is higher than the previous close.
Short Entry: Triggered when the short TEMA is below both long TEMA lines, the Supertrend is bearish, the short TEMA is below its SMA, and the Heikin-Ashi close is lower than the previous close.
Take Profit and Stop Loss: Both are calculated as a percentage of the entry price, and they are set for both long and short positions.
Risk Management
Take Profit: Set at 1% above the entry price for long positions and 1% below for short positions.
Stop Loss: Set at 3% below the entry price for long positions and 3% above for short positions.
Commission and Pyramiding
Commission: A 0.07% commission is accounted for in the strategy.
Pyramiding: The strategy does not allow pyramiding.
Note
This strategy is designed for educational purposes and should not be considered as financial advice. Always do your own research and consider consulting a financial advisor before engaging in trading.
SUPER RSI [Gabbo]RSI revolutionizes the classic RSI by allowing you to modify its behavior based on different chart types and dynamic multi-source calculations.
It’s designed for traders who want greater precision and adaptability in momentum analysis across various market conditions.
Whether you want to apply the RSI on alternative candles like Heikin Ashi, Renko, or even combine multiple data sources, this tool provides maximum flexibility.
🔷 Key Features
🟩Customizable Chart Inputs
Apply RSI calculations not only on traditional candles but also on alternative bar types like Heikin Ashi, Kagi, Line Break, Point & Figure, and Renko for a deeper understanding of trend strength.
🟩Multi-Source Aggregation
Blend multiple sources together to create a more stable and refined RSI signal. Combine 2, 3, 4, or even 5 different sources into a single input.
🟩Dynamic RSI and Bands
Unlock advanced options to dynamically adjust the RSI itself and its surrounding bands based on real-time price action.
🔷 Technical Details and Customizable Inputs
1️⃣ Bar Type Selection:
Choose the type of chart structure used for RSI calculation:
Candles (classic)
Heikin Ashi
Kagi
Line Break
Point & Figure
Renko
2️⃣ Use Different Source???
Activate multi-source RSI by combining multiple elements:
2 sources : (Source 1 + Source 2) ÷ 2
3 sources : (Source 1 + Source 2 + Source 3) ÷ 3
4 sources : (Source 1 + Source 2 + Source 3 + Source 4) ÷ 4
5 sources : (Source 1 + Source 2 + Source 3 + Source 4 + Source 5) ÷ 5
3️⃣ Use Dynamic RSI???
Enable a dynamic RSI calculation that adjusts in real-time to market behavior for greater responsiveness.
4️⃣ Use Dynamic Band???
Enable dynamic bands that adapt to price action rather than relying on fixed static thresholds.
🔍 How to Use Dynamic RSI Source Pro
📈 Choose Your Candle Type
Select the bar format that best matches your strategy needs—classic candles, Heikin Ashi, Renko, and more.
🧩 Customize Your Data Source
Activate multi-source input to create smoother, more reliable RSI signals.
⚡ Unlock Dynamic Adaptation
Enable dynamic RSI and bands to adjust automatically to live price movements and enhance signal accuracy.
☄️ With Dynamic RSI Source Pro, you can elevate your RSI analysis by applying it dynamically across multiple candle types and sources, giving you a new level of control and precision.
RSI Alligator StrategyHello trading family! Just wanted to give a quick write up and share the new code for the RSI Alligator Strategy. I amended it to show every crossover signal, weak and strong, so we can accurately gauge its effectiveness.
Having played with this for a couple hours now I have learned a few things
-Using Heikin Ashi seems to smooth it out a bit and provides about 20% fewer signals, leading to overall more accuracy. However, it can be misleading as the Heikin Ashi opening price doesn't always line up with the market price, especially in cases of large moves. Overall though it didn't seem too far off except for a few instances.
-Also, using the Heikin Ashi gives you a better idea of the trend, which this indicator is primarily used to detect and exploit.
-Having tested on TF of 1H-1D, overall profitability is found to be highest between 4H-12H, with 1D giving the "safest" longer term signals, and lower TF's generating many more signals due to volatility.
-Instead of waiting for the next signal in order to close, you can often use a crossover/crossunder of the 5 and 13 to close the previous trade, especially if paired with a Heikin Ashi of opposite color (green to close a short, red to close a long)
-You will also notice several instances where the Green 5 period show divergences that aren't visible on the regular RSI, another handy little feature
So far I have still only tested this on BTCUSD. Feel free to apply it to any coin and let me know what you find.
Here is the script. If you have any ideas or suggestions please let me know!
Heiken Ashi zero lag EMA v1.1 by JustUncleLI originally wrote this script earlier this year for my own use. This released version is an updated version of my original idea based on more recent script ideas. As always with my Alert scripts please do not trade the CALL/PUT indicators blindly, always analyse each position carefully. Always test indicator in DEMO mode first to see if it profitable for your trading style.
DESCRIPTION:
This Alert indicator utilizes the Heiken Ashi with non lag EMA was a scalping and intraday trading system
that has been adapted also for trading with binary options high/low. There is also included
filtering on MACD direction and trend direction as indicated by two MA: smoothed MA(11) and EMA(89).
The the Heiken Ashi candles are great as price action trending indicator, they shows smooth strong
and clear price fluctuations.
Financial Markets: any.
Optimsed settings for 1 min, 5 min and 15 min Time Frame;
Expiry time for Binary options High/Low 3-6 candles.
Indicators used in calculations:
- Exponential moving average, period 89
- Smoothed moving average, period 11
- Non lag EMA, period 20
- MACD 2 colour (13,26,9)
Generate Alerts use the following Trading Rules
Heiken Ashi with non lag dot
Trade only in direction of the trend.
UP trend moving average 11 period is above Exponential moving average 89 period,
Doun trend moving average 11 period is below Exponential moving average 89 period,
CALL Arrow appears when:
Trend UP SMA11>EMA89 (optionally disabled),
Non lag MA blue dot and blue background.
Heike ashi green color.
MACD 2 Colour histogram green bars (optional disabled).
PUT Arrow appears when:
Trend UP SMA11
I_Heikin Ashi CandleWhen apply a strategy to Heikin Ashi Candle chart (HA candle), the strategy will use the open/close/high/low values of the Heikin Ashi candle to calculate the Profit and Loss, hence also affecting the Percent Profitable, Profit Factor, etc., often resulting a unrealistic high Percent Profitable and Profit Factor, which is misleading. But if you want to use the HA candle's values to calculate your indicator / strategy, but pass the normal candle's open/close/high/low values to the strategy to calculate the Profit / Loss, you can do this:
1) set up the main chart to be a normal candle chart
2) use this indicator script to plot a secondary window with indicator looks exactly like a HA-chart
3) to use the HA-candle's open/close/high/low value to calculate whatever indicator you want (you may need to create a separate script if you want to plot this indicator in a separate indicator window)
CM_Modified_Heikin-Ashi_TrendBarsCreated By Request for lucalucious
Allows for EMA Smoothing with different values for Up and Down Trend.
Ability to Plot EMA to see Trend Filter
anand ha + RsiHow it works:
Green Line: When RSI > 50 AND Heikin Ashi is bullish (uptrend)
Red Line: When RSI < 50 AND Heikin Ashi is bearish (downtrend)
The line dynamically positions itself below price during uptrends and above price during downtrends
Uses ATR to maintain appropriate distance from price action
Includes subtle background fill between price and the trend line
Key Features:
Single clean trend line (no candles, no extra indicators)
Color changes based on trend direction
Self-adjusting position using ATR
Smooth transitions to avoid whipsaws
Minimal visual clutter, just like SuperTrend
The line will stay green below price when both RSI is above 50 and Heikin Ashi shows bullish momentum, and red above price when both conditions turn bearish. This gives you a clear visual trend following system in a simple line format.
Donchian x WMA Crossover (2025 Only, Adjustable TP, Real OHLC)Short Description:
Long-only breakout system that goes long when the Donchian Low crosses up through a Weighted Moving Average, and closes when it crosses back down (with an optional take-profit), restricted to calendar year 2025. All signals use the instrument’s true OHLC data (even on Heikin-Ashi charts), start with 1 000 AUD of capital, and deploy 100 % equity per trade.
Ideal parameters configured for Temple & Webster on ASX 30 minute candles. Adjust parameter to suit however best to download candle interval data and have GPT test the pine script for optimum parameters for your trading symbol.
Detailed Description
1. Strategy Concept
This strategy captures trend-driven breakouts off the bottom of a Donchian channel. By combining the Donchian Low with a WMA filter, it aims to:
Enter when volatility compresses and price breaks above the recent Donchian Low while the longer‐term WMA confirms upward momentum.
Exit when price falls back below that same WMA (i.e. when the Donchian Low crosses back down through WMA), but only if the WMA itself has stopped rising.
Optional Take-Profit: you can specify a profit target in decimal form (e.g. 0.01 = 1 %).
2. Timeframe & Universe
In-sample period: only bars stamped between Jan 1 2025 00:00 UTC and Dec 31 2025 23:59 UTC are considered.
Any resolution (e.g. 30 m, 1 h, D, etc.) is supported—just set your preferred timeframe in the TradingView UI.
3. True-Price Execution
All indicator calculations (Donchian Low, WMA, crossover checks, take-profit) are sourced from the chart’s underlying OHLC via request.security(). This guarantees that:
You can view Heikin-Ashi or other styled candles, but your strategy will execute on the real OHLC bars.
Chart styling never suppresses or distorts your backtest results.
4. Position Sizing & Equity
Initial capital: 1 000 AUD
Size per trade: 100 % of available equity
No pyramiding: one open position at a time
5. Inputs (all exposed in the “Inputs” tab):
Input Default Description
Donchian Length 7 Number of bars to calculate the Donchian channel low
WMA Length 62 Period of the Weighted Moving Average filter
Take Profit (decimal) 0.01 Exit when price ≥ entry × (1 + take_profit_perc)
6. How It Works
Donchian Low: ta.lowest(low, DonchianLength) over the specified look-back.
WMA: ta.wma(close, WMALength) applied to true closes.
Entry: ta.crossover(DonchianLow, WMA) AND barTime ∈ 2025.
Exit:
Cross-down exit: ta.crossunder(DonchianLow, WMA) and WMA is not rising (i.e. momentum has stalled).
Take-profit exit: price ≥ entry × (1 + take_profit_perc).
Calendar exit: barTime falls outside 2025.
7. Usage Notes
After adding to your chart, open the Strategy Tester tab to review performance metrics, list of trades, equity curve, etc.
You can toggle your chart to Heikin-Ashi for visual clarity without affecting execution, thanks to the real-OHLC calls.
