Rolling VWAP LevelsRolling VWAP Levels Indicator
Overview
Dynamic horizontal lines showing rolling Volume Weighted Average Price (VWAP) levels for multiple timeframes (7D, 30D, 90D, 365D) that update in real-time as new bars form.
Who This Is For
Day traders using VWAP as support/resistance
Swing traders analyzing multi-timeframe price structure
Scalpers looking for mean reversion entries
Options traders needing volatility bands for strike selection
Institutional traders tracking volume-weighted fair value
Risk managers requiring dynamic stop levels
How To Trade With It
Mean Reversion Strategies:
Buy when price is below VWAP and showing bullish divergence
Sell when price is above VWAP and showing bearish signals
Use multiple timeframes - enter on shorter, confirm on longer
Target opposite VWAP level for profit taking
Breakout Trading:
Watch for price breaking above/below key VWAP levels with volume
Use 7D VWAP for intraday breakouts
Use 30D/90D VWAP for swing trade breakouts
Confirm breakout with move beyond first standard deviation band
Support/Resistance Trading:
VWAP levels act as dynamic support in uptrends
VWAP levels act as dynamic resistance in downtrends
Multiple timeframe VWAP confluence creates stronger levels
Use standard deviation bands as additional S/R zones
Risk Management:
Place stops beyond next VWAP level
Use standard deviation bands for position sizing
Exit partial positions at VWAP levels
Monitor distance table for overextended moves
Key Features
Real-time Updates: Lines move and extend as new bars form
Individual Styling: Custom colors, widths, styles for each timeframe
Standard Deviation Bands: Optional volatility bands with custom multipliers
Smart Labels: Positioned above, below, or diagonally relative to lines
Distance Table: Shows percentage distance from each VWAP level
Alert System: Get notified when price crosses VWAP levels
Memory Efficient: Automatically cleans up old drawing objects
Settings Explained
Display Group: Show/hide labels, font size, line transparency, positioning
Individual VWAP Groups: Color, line width (1-5), line style for each timeframe
Standard Deviation Bands: Enable bands with custom multipliers (0.5, 1.0, 1.5, 2.0, etc.)
Labels Group: Position (8 options including diagonal), custom text, price display
Additional Info: Distance table, alert conditions
Technical Implementation
Uses rolling arrays to maintain sliding windows of price*volume data. The core calculation function processes both VWAP and standard deviation efficiently. Lines are created dynamically and updated every bar. Memory management prevents object accumulation through automatic cleanup.
Best Practices
Start with 7D and 30D VWAP for most strategies
Add 90D/365D for longer-term context
Use standard deviation bands when volatility matters
Position labels to avoid chart clutter
Enable distance table during high volatility periods
Set alerts for key VWAP level breaks
Market Applications
Forex: Major pairs during London/NY sessions
Stocks: Large cap names with good volume
Crypto: Bitcoin, Ethereum, major altcoins
Futures: ES, NQ, CL, GC with continuous volume
Options: Use SD bands for strike selection and volatility assessment
Cerca negli script per "accumulation"
Volume Zones IndicatorVolume Zones Indicator — VWAP with Dynamic Monthly Volume Zones
This indicator is an enhanced version of the classic VWAP (Volume Weighted Average Price), designed to create clear monthly zones around VWAP based on average price range (ATR) and volume activity.
The core idea is to highlight key zones where price is more likely to reverse or consolidate, based on where significant trading volume occurs.
How does it work?
VWAP is calculated over the last N days (set by the lookbackPeriod input).
Four zones are plotted above and below VWAP, spaced using a multiple of ATR.
Each zone has its own color for clarity:
Blue — closest to VWAP
Red — second band
Green — third band
Orange — outer band (potential breakout or exhaustion zone)
If the current volume exceeds the moving average of volume, it is highlighted directly on the chart. This helps detect accumulation or distribution moments more easily.
What does the trader see?
You see horizontal colored bands on the chart that update at the start of each new month. These zones:
Remain fixed throughout the month
Automatically adjust based on recent volume and volatility
Act as dynamic support/resistance levels
Best used for:
Mean reversion strategies — identifying pullbacks toward value areas
Support and resistance mapping — automatic SR zones based on price/volume behavior
Breakout filtering — when price reaches zone 3 or 4, trend continuation or reversal is likely
Adding volume context to price action — works well with candlestick and pattern analysis
Settings
Lookback Period (Days): VWAP and volume smoothing length
Volume Area Threshold %: Reserved for future functionality
Works on any timeframe; best suited for 4H timeframe.
Zones are calculated and fixed monthly for clean visual context
Combines price structure with actual volume flow for more reliable decision-making
SOT & SA Detector ProSOT & SA Detector Pro- Advanced Reversal Pattern Recognition
OVERVIEW
The SOT & SA Detector is an educational indicator designed to identify potential market reversal points through systematic analysis of candlestick patterns, volume confirmation, and price wave structures. SOT (Shorting of Thrust) signals suggest potential bearish reversals after upward price movements, while SA (Selling Accumulation) signals indicate possible bullish reversals following downward trends. This tool helps traders recognize key market transition points by combining multiple technical criteria for enhanced signal reliability.
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HOW IT WORKS
Technical Methodology
The indicator employs a multi-factor analysis approach that evaluates:
Wave Structure Analysis: Identifies minimum 2-bar directional waves (upward for SOT, downward for SA)
Price Delta Validation: Ensures closing price changes remain within specified percentage thresholds (default 0.3%) best 0.1.
Candlestick Tail Analysis: Measures rejection wicks using configurable tail multipliers
Volume Confirmation: Requires increased volume compared to previous periods
Pattern Confirmation: Validates signals through subsequent price action
Signal Generation Process
Pattern Recognition: Scans for qualifying candlestick formations with appropriate tail characteristics
Volume Verification: Confirms patterns with volume expansion using adjustable multiplier
Price Confirmation: Validates signals when price breaks and closes beyond pattern extremes
Signal Display: Places labeled markers and draws horizontal reference levels
Mathematical Foundation
Delta calculation: math.abs(close - close ) / close <= deltaPercent / 100
Tail analysis: (high - close ) >= tailMultiplier * (close - low ) for SOT
Volume filter: volume >= volume * volumeFactor
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KEY FEATURES
Dual Pattern Recognition: Identifies both bullish (SA) and bearish (SOT) reversal candidates
Volume Integration: Incorporates volume analysis for enhanced signal validation
Customizable Parameters: Adjustable wave length, delta percentage, tail multiplier, and volume factor
Visual Clarity: Color-coded bar highlighting, labeled signals, and horizontal reference levels
Time-Based Filtering: Configurable analysis period to focus on recent market activity
Non-Repainting Signals: Confirmed signals remain stable and do not change with new price data
Alert System: Built-in notifications for both initial signals and subsequent confirmations
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HOW TO USE
Signal Interpretation
Red SOT Labels: Appear above potential bearish reversal candles with downward-pointing markers
Green SA Labels: Display below potential bullish reversal candles with upward-pointing markers
Horizontal Lines: Extend from signal levels to provide ongoing reference points
Bar Coloring: Highlights qualifying pattern candles for visual emphasis
Trading Application
This indicator serves as an educational tool for pattern recognition and should be used in conjunction with additional analysis methods. Consider SOT signals as potential areas of selling pressure following upward moves, while SA signals may indicate buying interest after downward price action.
Best Practices
Combine with trend analysis and support/resistance levels
Consider overall market context and timeframe alignment
Use proper risk management techniques
Validate signals with additional technical indicators
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SETTINGS
Analysis Days (Default: 20)
Controls the lookback period for signal detection. Higher values extend historical analysis while lower values focus on recent activity.
Minimum Bars in Wave (Default: 2)
Sets the minimum consecutive bars required to establish directional wave patterns. Increase for stronger trend confirmation.
Max Close Change % (Default: 0.3) best 0.1.
Defines acceptable closing price variation between consecutive bars. Lower values require tighter price consolidation.
Tail Multiplier (Default: 1.0) best 1.5 or more.
Adjusts sensitivity for candlestick tail analysis. Higher values require more pronounced rejection wicks.
Volume Factor (Default: 1.0)
Sets volume expansion threshold compared to previous period. Values above 1.0 require volume increases.
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LIMITATIONS
Market Conditions
May produce false signals in highly volatile or low-volume conditions
Effectiveness varies across different market environments and timeframes
Requires sufficient volume data for optimal performance
Signal Timing
Signals appear after pattern completion, not in real-time during formation
Confirmation signals depend on subsequent price action
Historical signals do not guarantee future market behavior
Technical Constraints
Limited to analyzing price and volume data only
Does not incorporate fundamental analysis or external market factors
Performance may vary significantly across different trading instruments
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IMPORTANT DISCLAIMERS
This indicator is designed for educational purposes and technical analysis learning. It does not constitute financial advice, investment recommendations, or trading signals. Past performance does not guarantee future results. Trading involves substantial risk of loss, and this tool should be used alongside proper risk management techniques and additional analysis methods.
Always conduct thorough analysis using multiple indicators and consider market context before making trading decisions. The SOT & SA patterns represent potential reversal points but do not guarantee price direction changes.
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Credits: Original concept and Pine Script implementation by Everyday_Trader_X
Version: Pine Script v6 compatible
Category: Technical Analysis / Reversal Detection
Overlay: Yes (displays on price chart)
OBV with MA & Bollinger Bands by Marius1032OBV with MA & Bollinger Bands by Marius1032
This script adds customizable moving averages and Bollinger Bands to the classic OBV (On Balance Volume) indicator. It helps identify volume-driven momentum and trend strength.
Features:
OBV-based trend tracking
Optional smoothing: SMA, EMA, RMA, WMA, VWMA
Optional Bollinger Bands with SMA
Potential Combinations and Trading Strategies:
Breakouts: Look for price breakouts from the Bollinger Bands, and confirm with a rising OBV for an uptrend or falling OBV for a downtrend.
Trend Reversals: When the price touches a Bollinger Band, examine the OBV for divergence. A bullish divergence (price lower low, OBV higher low) near the lower band could signal a reversal.
Volume Confirmation: Use OBV to confirm the strength of the trend indicated by Bollinger Bands. For example, if the BBs indicate an uptrend and OBV is also rising, it reinforces the bullish signal.
1. On-Balance Volume (OBV):
Purpose: OBV is a momentum indicator that uses volume flow to predict price movements.
Calculation: Volume is added on up days and subtracted on down days.
Interpretation: Rising OBV suggests potential upward price movement. Falling OBV suggests potential lower prices.
Divergence: Divergence between OBV and price can signal potential trend reversals.
2. Moving Average (MA):
Purpose: Moving Averages smooth price fluctuations and help identify trends.
Combination with OBV: Pairing OBV with MAs helps confirm trends and identify potential reversals. A crossover of the OBV line and its MA can signal a trend reversal or continuation.
3. Bollinger Bands (BB):
Purpose: BBs measure market volatility and help identify potential breakouts and trend reversals.
Structure: They consist of a moving average (typically 20-period) and two standard deviation bands.
Combination with OBV: Combining BBs with OBV allows for a multifaceted approach to market analysis. For example, a stock hitting the lower BB with a rising OBV could indicate accumulation and a potential upward reversal.
Created by: Marius1032
Price-Volume Divergence (YY+GY)📊 **Price-Volume Divergence Tool (False & Hidden Rally)**
by Tungaer_as
This open-source indicator detects two types of volume-price divergences:
🔴 **False Rally (YY)**
Occurs when price increases while volume decreases.
This signals weak buyer pressure and may precede a local top or distribution phase.
🟢 **Hidden Rally (GY / Capitulation)**
Occurs when price decreases while volume increases.
This suggests potential smart money accumulation and may precede a price reversal.
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### 🔧 How it works:
The indicator compares:
- Price direction (up/down)
- Volume trend (rising/falling)
- RSI values (customizable)
- EMA filter (trend direction)
- PVT (Price Volume Trend) for volume momentum
- Optional candle-based confirmation over multiple bars
All filters and thresholds are fully customizable from the settings menu.
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### ✅ Key Features:
- False Rally + Hidden Rally detection
- Optional confirmation candles (1–5)
- Toggleable filters: RSI, EMA, PVT
- Cumulative PVT-based filtering
- Background color zones for clarity
- Built entirely in Pine Script v5
---
🟢 Open-source | Developed with GPT-4 assistance
👤 By Tungaer_as
⚠️ **Disclaimer:**
This script is for educational purposes only and does not provide financial advice. Always do your own research before making trading decisions.
**Fiyat-Hacim Uyumsuzluk Göstergesi (Yalancı + Gizli Yükseliş)**
tasarım: Tungaer_as
Bu gösterge, fiyat-hacim ilişkisine dayalı iki güçlü dönüş formasyonunu tespit eder:
🔴 **Yalancı Yükseliş (YY)**
Fiyat artarken hacmin düşmesi → Alıcı zayıflığı veya yükseliş tuzağı sinyali olabilir
🟢 **Gizli Yükseliş (GY)**
Fiyat düşerken hacmin artması → Kurumsal birikim ya da dönüş hazırlığı göstergesi olabilir
---
✨ **Temel Özellikler**
- ✅ RSI ve EMA filtreleri
- ✅ PVT (Fiyat Hacim Eğilimi) ile hacim yönü teyidi
- ✅ Opsiyonel teyit mum filtresi (1–5 mum)
- ✅ Görsel uyarı için arka plan renklendirme
- ✅ Tamamen özelleştirilebilir eşik değerleri
- ✅ Tüm filtreler bağımsız olarak açılıp kapatılabilir
---
🚀 **Neden Farklı?**
TradingView üzerindeki tipik uyumsuzluk göstergelerinden farklı olarak, bu araç **hem yalancı hem gizli yükselişi birlikte** işler.
Ayrıca **PVT tabanlı hacim eğilimi filtresi** ve **kullanıcı kontrollü teyit sistemleri** ile daha sağlam sinyal üretir.
---
🟢 Açık kaynaklıdır | GPT-4 yardımıyla geliştirilmiştir
👤 Tungaer_as tarafından tasarlanmıştır
⚠️ **Yasal Uyarı**
Bu gösterge yalnızca eğitim ve bilgilendirme amaçlıdır.
Hiçbir yatırım tavsiyesi ya da garantili sinyal içermez.
Yatırım kararı almadan önce kendi analizlerinizi mutlaka yapınız.
Chaikin Bull-Power OscillatorThis indicator is given with much love and care to the community to help you in your trading operations.
How to use the "Chaikin-Bull-PW" Indicator
The Chaikin-Bull-PW is an oscillator based on the Accumulation/Distribution (AD) line smoothed by different methods, called here the "Hull Chaikin Oscillator." It compares two smoothed averages of the AD line — a short period and a long period — to indicate the strength and direction of buying and selling pressure in the market.
Adjustable Parameters:
Short Period: Number of bars used to calculate the short smoothed average of the AD line. Shorter periods make the indicator more sensitive.
Long Period: Number of bars used to calculate the long smoothed average of the AD line. Longer periods smooth the indicator more.
Background Offset: Controls the offset of the chart’s background color.
Smoothing Type: Choose the smoothing method for the AD line among HMA, SMA, SMMA, EMA, WMA, and JMA. This affects how the averages are calculated and how the oscillator responds to price.
Indicator Interpretation:
The oscillator is the difference between the short and long smoothed averages of the AD line.
When the oscillator is above zero (green), it indicates increasing buying pressure, suggesting an uptrend.
When the oscillator is below zero (red), it indicates increasing selling pressure, suggesting a downtrend.
The zero line acts as a reference for trend changes.
Usage Suggestions:
Use the oscillator crossing the zero line to identify potential entry or exit points.
Combine with other indicators or chart analysis to confirm signals.
Adjust the periods and smoothing type to fit your asset and timeframe.
Math by Thomas Liquidity PoolDescription
Math by Thomas Liquidity Pool is a TradingView indicator designed to visually identify potential liquidity pools on the chart by detecting areas where price forms clusters of equal highs or equal lows.
Bullish Liquidity Pools (Green Boxes): Marked below price where two adjacent candles have similar lows within a specified difference, indicating potential demand zones or stop loss clusters below support.
Bearish Liquidity Pools (Red Boxes): Marked above price where two adjacent candles have similar highs within the difference threshold, indicating potential supply zones or stop loss clusters above resistance.
This tool helps traders spot areas where smart money might hunt stop losses or where price is likely to react, providing valuable insight for trade entries, exits, and risk management.
Features:
Adjustable box height (vertical range) in points.
Adjustable maximum difference threshold between candle highs/lows to consider them equal.
Boxes automatically extend forward for visibility and delete when price sweeps through or after a defined lifetime.
Separate visual zones for bullish and bearish liquidity with customizable colors.
How to Use
Add the Indicator to your chart (preferably on instruments like Nifty where point-based thresholds are meaningful).
Adjust Inputs:
Box Height: Set the vertical size of the liquidity zones (default 15 points).
Max Difference Between Highs/Lows: Set the max price difference to consider two candle highs or lows as “equal” (default 10 points).
Box Lifetime: How many bars the box stays visible if not swept (default 120 bars).
Interpret Boxes:
Green Boxes (Bullish Liquidity Pools): Areas of potential demand and stop loss clusters below price. Watch for price bounces or accumulation near these zones.
Red Boxes (Bearish Liquidity Pools): Areas of potential supply and stop loss clusters above price. Watch for price rejections or distribution near these zones.
Trading Strategy Tips:
Use these zones to anticipate where stop loss hunting or liquidity sweeps may occur.
Combine with your Order Block, Fair Value Gap, and Market Structure tools for higher probability setups.
Manage risk by avoiding entries into price regions just before large liquidity pools get swept.
Automatic Cleanup:
Boxes delete automatically once price breaks above (for bearish zones) or below (for bullish zones) the zone or after the set lifetime.
Volume with High/Low ColoringThe "Volume with High/Low Coloring" indicator is designed to help traders visually differentiate between high, low, and normal volume bars relative to recent historical averages. By applying dynamic color coding and customizable thresholds, this indicator enhances volume analysis and improves your ability to spot key moments of accumulation, distribution, or market inactivity.
High Volume: A bar is marked as high volume when it exceeds the average by a customizable multiplier (default is 1.5×) .
Low Volume: A bar is considered low volume when it falls below the average by another multiplier (default is 0.5×) .
Normal Volume: All bars that fall between the high and low thresholds.
Each category is displayed in a different user-selectable color, providing instant visual feedback for volume dynamics.
Customizable Colors:
High Volume: Light Green (default: semi-transparent green)
Low Volume: Light Blue (default: semi-transparent blue)
Normal Volume: Yellow (default: semi-transparent yellow)
Average Volume Line: Gray (optional reference line)
OA - SMESSmart Money Entry Signals (SMES)
The SMES indicator is developed to identify potential turning points in market behavior by analyzing internal price dynamics, rather than relying on external volume or sentiment data. It leverages normalized price movement, directional volatility, and smoothing algorithms to detect potential areas of accumulation or distribution by market participants.
Core Concepts
Smart Money Flow calculation based on normalized price positioning
Directional VHF (Vertical Horizontal Filter) used to enhance signal directionality
Overbought and Oversold regions defined with optional glow visualization
Entry and Exit signals based on dynamic crossovers
Highly customizable input parameters for precision control
Key Inputs
Smart Money Flow Period
Smoothing Period
Price Analysis Length
Fibonacci Lookback Length
Visual toggle options (zones, glow effects, signal display)
Usage
This tool plots the smoothed smart money flow as a standalone oscillator, designed to help traders identify potential momentum shifts or extremes in market sentiment. Entry signals are generated through crossover logic, while optional filters based on price behavior can refine those signals. Exit signals are shown when the smart money line exits extreme regions.
Important Notes
This indicator does not repaint
Works on all timeframes and instruments
Best used as a confirmation tool with other technical frameworks
All calculations are based strictly on price data
Disclaimer
This script is intended for educational purposes only. It does not provide financial advice or guarantee performance. Please do your own research and apply appropriate risk management before making any trading decisions.
Candle Count RSI📈 Candle Count RSI — A Dual-Perspective Momentum Engine
The Candle Count RSI is a custom-built momentum oscillator that expands on the classic Relative Strength Index (RSI) by introducing a directional-only variant that tracks the frequency of bullish or bearish closes, rather than price magnitude. It gives traders a second lens through which to evaluate momentum, trend conviction, and subtle divergences—often invisible to traditional price-based RSI.
💡 What Makes It Unique?
While the standard RSI is sensitive to the size of price changes, the Candle Count RSI is magnitude-blind. It counts candle closes above/below open over a lookback period, generating a purer signal of directional consistency. To enhance signal fidelity, it includes a streak amplifier, dynamically weighting extended runs of green or red candles to reflect intensity of market bias—without introducing artificial price sensitivity.
This dual-RSI approach allows for:
- Divergence detection between directional bias and price magnitude.
- Smoother trend confirmation in choppy markets.
- Cleaner visual cues using dynamic glow and background logic.
📐 How Standard RSI Actually Works (Not What You Think)
RSI doesn’t just check if price went up or down over a span—it checks each individual candle and tracks whether it closed higher or lower than the one before. Here's how it works under the hood:
1.) For each bar, it calculates the change from the previous close.
2.) It separates those changes into gains (upward moves) and losses (downward moves).
3.) Then it computes a smoothed average of those gains and losses (usually using an RMA).
4.) It calculates the Relative Strength (RS) as:
RS = AvgGain / AvgLoss
5.) Finally, it plugs that into the RSI formula:
RSI = 100 - (100 / (1 + RS))
⚖️ What Does the 50 Line Mean?
- The RSI scale runs from 0 to 100, but 50 is the true neutral zone:
- RSI > 50 means average gains outweigh average losses over the period.
- RSI < 50 means losses dominate.
- RSI ≈ 50? The market is balanced—momentum is indecisive, no clear trend bias.
- This makes 50 a powerful midline for trend filters, directional bias tools, and divergence detection—especially when paired with alternative RSI logic like Candle Count RSI.
🔧 Inputs and Customization
- Everything is fully modular and customizable:
🧠 Core Settings
- RSI Length: Used for both the standard RSI and Candle Count RSI.
📉 Standard RSI
- Classic RSI calculation based on price changes.
- Optional WMA smoothing to reduce noise.
- Glow effect toggle with custom intensity.
🕯 Candle Count RSI
- Computes RSI using only the count of up/down candles.
- Optional smoothing for stability.
- Amplifies streaks (e.g., multiple consecutive bullish candles increase strength).
- Glow effect toggle with adjustable strength.
🎇 Glow Visuals
- Background glow (subpane and/or main chart).
- Fades based on RSI distance from the 50 midpoint.
- Independent color settings for bull and bear bias.
🧬 Divergence Zones
- Detects when Candle RSI and Standard RSI diverge.
- Highlights:
- Bullish Divergence: Candle RSI > 50, Standard RSI < threshold.
- Bearish Divergence: Candle RSI < 50, Standard RSI > threshold.
- Background fill optionally shown in subpane and/or main chart.
📊 Directional Histogram
- MACD-style histogram showing the difference between the two RSI lines.
- Color-coded based on directional agreement:
- Both rising → green.
- Both falling → red.
- Conflict → yellow.
🧠 Under the Hood — How It Works
🔹 Standard RSI
- Classic ta.rsi() applied to close prices, optionally WMA-smoothed.
🔹 Candle Count RSI (CCR)
- Counts how many candles closed up/down over the period.
- Computes a magnitude-free RSI from these counts.
- Applies a streak-based multiplier to exaggerate trend strength during consecutive green/red runs.
- Optionally smoothed with WMA to create a clean signal line.
- This makes CCR ideal for detecting true directional bias without being faked out by volatile price spikes.
🔹 Divergence Logic
- When Candle RSI and Standard RSI disagree strongly across defined thresholds, background fills highlight early signs of momentum decay or hidden accumulation/distribution.
🔹 Glow Logic
- Glow zones are controlled by a master toggle and drawn with dynamic transparency:
- Further from 50 = stronger conviction = darker glow.
- Shows up in subpane and/or main chart depending on user preference.
📷 Suggested Use Case / Visual Setup
- Use in conjunction with your primary price action system.
- Watch for divergences between the Candle Count RSI and Standard RSI for early trend reversals.
- Use glow bias zones on the main chart to get subconscious directional cues during fast scalping.
- Histogram helps you confirm when both RSI variants agree—useful during strong trending conditions.
🛠️ Tip for Traders
- This tool isn’t trying to “predict” price. It’s designed to visualize hidden market psychology—when buyers are showing up with consistent pressure, or when momentum has a disconnect between conviction and magnitude. Use this to filter entries, spot weak rallies, or sense when a trend is about to break down.
⚠️ WARNING
- Not for use with Heikin Ashi, Renko, etc.).
🧠 Summary
Candle Count RSI is not just another mashup—it's a precision-built, dual-perspective oscillator that captures directional conviction using real candle behavior. Whether you're scalping intraday or swing trading momentum, this script helps clarify trend integrity and exposes hidden weaknesses with elegance and clarity.
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🛠️ Built by: Sherlock_MacGyver
Feel free to share feedback or reach out if you'd like to collaborate on custom features.
Session-Based Sentiment Oscillator [TradeDots]Track, analyze, and monitor market sentiment across global trading sessions with this advanced multi-session sentiment analysis tool. This script provides session-specific sentiment readings for Asian (Tokyo), European (London), and US (New York) markets, combining price action, volume analysis, and volatility factors into a comprehensive sentiment oscillator. It is an original indicator designed to help traders understand regional market psychology and capitalize on cross-session sentiment shifts directly on TradingView.
📝 HOW IT WORKS
1. Multi-Component Sentiment Engine
Price Action Momentum : Calculates normalized price movement relative to recent trading ranges, providing directional sentiment readings.
Volume-Weighted Analysis : When volume data is available, incorporates volume flow direction to validate price-based sentiment signals.
Volatility-Adjusted Factors : Accounts for changing market volatility conditions by comparing current ATR against historical averages.
Weighted Combination : Merges all components using optimized weightings (Price: 1.0, Volume: 0.3, Volatility: 0.2) for balanced sentiment readings.
2. Session-Segregated Tracking
Automatic Session Detection : Precisely identifies active trading sessions based on user-configured time parameters.
Independent Calculations : Maintains separate sentiment accumulation for each major session, updated only during respective active hours.
Historical Preservation : Stores session-specific sentiment values even when sessions are closed, enabling cross-session comparison.
Real-Time Updates : Continuously processes sentiment during active sessions while preserving inactive session data.
3. Cross-Session Transition Analysis
Sentiment Differential Detection : Monitors sentiment changes when transitioning between trading sessions.
Configurable Thresholds : Generates signals only when sentiment shifts exceed user-defined minimum thresholds.
Directional Signals : Provides distinct bullish and bearish transition alerts with visual markers.
Smart Filtering : Applies smoothing algorithms to reduce false signals from minor sentiment variations.
⚙️ KEY FEATURES
1. Session-Specific Dashboard
Real-Time Status Display : Shows current session activity (ACTIVE/CLOSED) for all three major sessions.
Sentiment Percentages : Displays precise sentiment readings as percentages for easy interpretation.
Strength Classification : Automatically categorizes sentiment as HIGH (>50%), MEDIUM (20-50%), or LOW (<20%).
Customizable Positioning : Place dashboard in any corner with adjustable size options.
2. Advanced Signal Generation
Transition Alerts : Triangle markers indicate significant sentiment shifts between sessions.
Extreme Conditions : Diamond markers highlight overbought/oversold threshold breaches.
Configurable Sensitivity : Adjust signal thresholds from 0.05 to 0.50 based on trading style.
Alert Integration : Built-in TradingView alert conditions for automated notifications.
3. Forex Currency Strength Analysis
Base/Quote Decomposition : For forex pairs, separates sentiment into individual currency strength components.
Major Currency Support : Analyzes USD, EUR, GBP, JPY, CHF, CAD, AUD, NZD strength relationships.
Relative Strength Display : Shows which currency is driving pair movement during active sessions.
4. Visual Enhancement System
Session Background Colors : Distinct background shading for each active trading session.
Overbought/Oversold Zones : Configurable extreme sentiment level visualization with colored zones.
Multi-Timeframe Compatibility : Works across all timeframes while maintaining session accuracy.
Customizable Color Schemes : Full color customization for dashboard, signals, and plot elements.
🚀 HOW TO USE IT
1. Add the Script
Search for "Session-Based Sentiment Oscillator " in the Indicators tab or manually add it to your chart. The indicator will appear in a separate pane below your main chart.
2. Configure Session Times
Asian Session : Set Tokyo market hours (default: 00:00-09:00) based on your chart timezone.
European Session : Configure London market hours (default: 07:00-16:00) for European analysis.
US Session : Define New York market hours (default: 13:00-22:00) for American markets.
Timezone Adjustment : Ensure session times match your broker's specifications and account for daylight saving changes.
3. Optimize Analysis Parameters
Sentiment Period : Choose 5-50 bars (default: 14) for sentiment calculation lookback period.
Smoothing Settings : Select 1-10 bars smoothing (default: 3) with SMA, EMA, or RMA options.
Component Selection : Enable/disable volume analysis, price action, and volatility factors based on available data.
Signal Sensitivity : Adjust threshold from 0.05-0.50 (default: 0.15) for transition signal generation.
4. Interpret Readings and Signals
Positive Values : Indicate bullish sentiment for the active session.
Negative Values : Suggest bearish sentiment conditions.
Dashboard Status : Monitor which session is currently active and their respective sentiment strengths.
Transition Signals : Watch for triangle markers indicating significant cross-session sentiment changes.
Extreme Alerts : Note diamond markers when sentiment reaches overbought (>70%) or oversold (<-70%) levels.
5. Set Up Alerts
Configure TradingView alerts for:
- Bullish session transitions
- Bearish session transitions
- Overbought condition alerts
- Oversold condition alerts
❗️LIMITATIONS
1. Data Dependency
Volume Requirements : Volume-based analysis only functions when volume data is provided by your broker. Many forex brokers do not supply reliable volume data.
Price Action Focus : In absence of volume data, sentiment calculations rely primarily on price movement and volatility factors.
2. Session Time Sensitivity
Manual Adjustment Required : Session times must be manually updated for daylight saving time changes.
Broker Variations : Different brokers may have slightly different session definitions requiring time parameter adjustments.
3. Ranging Market Limitations
Trend Bias : Sentiment calculations may be less reliable during extended sideways or low-volatility market conditions.
Lag Consideration : As with all sentiment indicators, readings may lag during rapid market transitions.
4. Regional Market Focus
Major Session Coverage : Designed primarily for major global sessions; may not capture sentiment from smaller regional markets.
Weekend Gaps : Does not account for weekend gap effects on sentiment calculations.
⚠️ RISK DISCLAIMER
Trading and investing carry significant risk and can result in financial loss. The "Session-Based Sentiment Oscillator " is provided for informational and educational purposes only. It does not constitute financial advice.
- Always conduct your own research and analysis
- Use proper risk management and position sizing in all trades
- Past sentiment patterns do not guarantee future market behavior
- Combine this indicator with other technical and fundamental analysis tools
- Consider overall market context and your personal risk tolerance
This script is an original creation by TradeDots, published under the Mozilla Public License 2.0.
Session-based sentiment analysis should be used as part of a comprehensive trading strategy. No single indicator can predict market movements with certainty. Exercise proper risk management and maintain realistic expectations about indicator performance across varying market conditions.
Dr Avinash Talele momentum indicaterTrend and Volatility Metrics
EMA10, EMA20, EMA50:
Show the percentage distance of the current price from the 10, 20, and 50-period Exponential Moving Averages.
Positive values indicate the price is above the moving average (bullish momentum).
Negative values indicate the price is below the moving average (bearish or corrective phase).
Use: Helps traders spot if a stock is extended or pulling back to support.
RVol (Relative Volume):
Compares current volume to the 20-day average.
Positive values mean higher-than-average trading activity (potential institutional interest).
Negative values mean lower activity (less conviction).
Use: High RVol often precedes strong moves.
ADR (Average Daily Range):
Shows the average daily price movement as a percentage.
Use: Higher ADR = more volatility = more trading opportunities.
50D Avg. Vol & 50D Avg. Vol ₹:
The 50-day average volume (in millions) and value traded (in crores).
Use: Confirms liquidity and suitability for larger trades.
ROC (Rate of Change) Section
1W, 1M, 3M, 6M, 12M:
Show the percentage price change over the last 1 week, 1 month, 3 months, 6 months, and 12 months.
Positive values (green) = uptrend, Negative values (red) = downtrend.
Use: Quickly see if the stock is gaining or losing momentum over different timeframes.
Momentum Section
1M, 3M, 6M:
Show the percentage gain from the lowest price in the last 1, 3, and 6 months.
Use: Measures how much the stock has bounced from recent lows, helping find strong rebounds or new leaders.
52-Week High/Low Section
From 52WH / From 52WL:
Show how far the current price is from its 52-week high and low, as a percentage.
Closer to 52WH = strong uptrend; Closer to 52WL = possible value or turnaround setup.
Use: Helps traders identify stocks breaking out to new highs or rebounding off lows.
U/D Ratio
U/D Ratio:
The ratio of up-volume to down-volume over the last 50 days.
Above 1 = more buying volume (bullish), Below 1 = more selling volume (bearish).
Use: Confirms accumulation or distribution.
How This Table Helps Analysts and Traders
Instant Trend Assessment:
With EMA distances and ROC, analysts can instantly see if the stock is trending, consolidating, or reversing.
Momentum Confirmation:
ROC and Momentum sections highlight stocks with strong recent moves, ideal for momentum and breakout traders.
Liquidity and Volatility Check:
Volume and ADR ensure the stock is tradable and has enough price movement to justify a trade.
Relative Positioning:
52-week high/low stats show whether the stock is near breakout levels or potential reversal zones.
Volume Confirmation:
RVol and U/D ratio help confirm if moves are backed by real buying/selling interest.
Actionable Insights:
By combining these metrics, traders can filter for stocks with strong trends, robust momentum, and institutional backing—ideal for swing, position, or even intraday trading.
Dr.Avinash Talele quarterly earnings, VCP and multibagger trakerDr. Avinash Talele Quarterly Earnings, VCP and Multibagger Tracker.
📊 Comprehensive Quarterly Analysis Tool for Multibagger Stock Discovery
This advanced Pine Script indicator provides a complete financial snapshot directly on your chart, designed to help traders and investors identify potential multibagger stocks and VCP (Volatility Contraction Pattern) setups with precision.
🎯 Key Features:
📈 8-Quarter Financial Data Display:
EPS (Earnings Per Share) - Track profitability trends
Sales Revenue - Monitor business growth
QoQ% (Quarter-over-Quarter Growth) - Spot acceleration/deceleration
ROE (Return on Equity) - Assess management efficiency
OPM (Operating Profit Margin) - Evaluate operational excellence
💰 Market Metrics:
Market Cap - Current company valuation
P/E Ratio - Valuation assessment
Free Float - Liquidity indicator
📊 Technical Positioning:
% Down from 52-Week High - Identify potential bottoming patterns
% Up from 52-Week Low - Track momentum from lows
Turnover Data (1D & 50D Average) - Volume analysis
ADR% (Average Daily Range) - Volatility measurement
Relative Volume% - Institutional interest indicator
🚀 How It Helps Find Multibaggers:
1. Growth Acceleration Detection:
Consistent EPS Growth: Identifies companies with accelerating earnings
Revenue Momentum: Tracks sales growth patterns quarter-over-quarter
Margin Expansion: Spots improving operational efficiency through OPM trends
2. VCP Pattern Recognition:
Volatility Contraction: ADR% helps identify tightening price ranges
Volume Analysis: Relative volume shows institutional accumulation
Distance from Highs: Tracks healthy pullbacks in uptrends
3. Fundamental Strength Validation:
ROE Trends: Ensures management is efficiently using shareholder capital
Debt-Free Growth: High ROE with growing margins indicates quality growth
Scalability: Revenue growth vs. margin expansion analysis
4. Entry Timing Optimization:
52-Week Positioning: Enter near lows, avoid near highs
Volume Confirmation: High relative volume confirms breakout potential
Valuation Check: P/E ratio helps avoid overvalued entries
💡 Multibagger Characteristics to Look For:
✅ Consistent 15-20%+ EPS growth across multiple quarters
✅ Accelerating revenue growth with QoQ% improvements
✅ ROE above 15% and expanding
✅ Operating margins improving over time
✅ Low debt (indicated by high ROE with growing profits)
✅ Strong cash generation (reflected in consistent growth metrics)
✅ 20-40% down from 52-week highs (ideal entry zones)
✅ Above-average volume during consolidation phases
🎨 Visual Design:
Clean white table with black borders for maximum readability
Color-coded QoQ% changes (Green = Growth, Red = Decline)
Centered positioning for easy chart analysis
8-quarter historical view for trend identification
📋 Perfect For:
Long-term investors seeking multibagger opportunities
Growth stock enthusiasts tracking earnings acceleration
VCP pattern traders looking for breakout candidates
Fundamental analysts requiring quick financial snapshots
Swing traders timing entries in growth stocks
⚡ Quick Setup:
Simply add the indicator to any NSE/BSE stock chart and instantly view comprehensive quarterly data. The table updates automatically with the latest financial information, making it perfect for screening and monitoring your watchlist.
🔍 Start identifying your next multibagger today with this powerful combination of fundamental analysis and technical positioning data!
Disclaimer: This indicator is for educational and analysis purposes. Always conduct thorough research and consider risk management before making investment decisions.
Delta Volume Color CoderDelta Volume Color Coder - Smart Money Footprint Visualizer
OVERVIEW
The Delta Volume Color Coder is a clean, minimalist indicator that highlights candles with exceptional delta volume, helping you instantly identify where smart money is actively trading. Unlike complex volume indicators that clutter your chart, this tool simply colors candles when institutional-level volume appears, leaving your normal price action untouched.
WHAT IS DELTA VOLUME?
Delta volume represents the difference between buying and selling pressure within each candle. Positive delta indicates more aggressive buying, while negative delta shows stronger selling. When delta reaches extreme levels, it often signals institutional activity or significant market events.
KEY FEATURES
- Clean Chart Design - Only colors candles with significant delta volume
- No Chart Compression - Overlay indicator that doesn't distort price scales
- Smart Detection - Automatically calculates dynamic thresholds based on recent activity
- Customizable Thresholds - Adjust sensitivity to match your trading style
- Multiple Calculation Methods - Classic or Range-Based delta calculations
COLOR CODING (Default)
- White Candles - Extreme positive delta (massive institutional buying)
- Green Candles - High positive delta (strong buying pressure)
- Red Candles - High negative delta (strong selling pressure)
- Violet Candles - Extreme negative delta (massive institutional selling)
- Normal Candles - Unchanged (standard TradingView red/green)
HOW TO USE
1. Add to any chart - Works on all timeframes and instruments
2. Look for colored candles - These mark significant volume events
3. White/Violet candles often mark reversals or breakouts
4. Multiple colored candles in sequence indicate strong trends
5. Colored candles at support/resistance levels are especially significant
SETTINGS EXPLAINED
- Lookback Period (20) - Bars used to calculate average delta
- High Delta Threshold (1.5x) - Triggers green/red coloring
- Extreme Delta Threshold (2.5x) - Triggers white/violet coloring
- Delta Calculation - Classic (open/close) or Range Based (close position)
- Color Wicks - Option to color entire candle or just the body
- All colors fully customizable
TRADING APPLICATIONS
- Reversal Detection - White/violet candles often mark exhaustion points
- Breakout Confirmation - Colored candles on breakouts show conviction
- Support/Resistance - High delta at key levels indicates significance
- Trend Strength - Frequency of colored candles shows trend momentum
- Institutional Tracking - Extreme delta reveals where big players are active
BEST PRACTICES
- Lower timeframes (1-15m) - Use for scalping and day trading entries
- Higher timeframes (1H+) - Identify major accumulation/distribution
- Combine with price action - Most effective at key technical levels
- Watch for clusters - Multiple extreme candles = major event
- Volume confirmation - Extreme delta + high volume = highest significance
TIPS FOR SUCCESS
1. White candles after downtrends often mark bottoms
2. Violet candles after uptrends often mark tops
3. Consecutive colored candles confirm trend direction
4. Lack of colored candles = low volatility, potential breakout ahead
5. Extreme delta at round numbers indicates institutional interest
WHY THIS INDICATOR?
- Simple Yet Powerful - No complex analysis needed
- Instant Visual Feedback - See institutional activity at a glance
- Clean Charts - No overlays, lines, or clutter
- Real-Time Detection - Updates with each new candle
- Universal Application - Works on stocks, forex, crypto, futures
UNIQUE ADVANTAGES
Unlike traditional volume indicators that require separate panes or compress your chart, the Delta Volume Color Coder seamlessly integrates with your existing setup. It answers one simple question: "Where is the smart money trading RIGHT NOW?"
Perfect for traders who want institutional-level insights without the complexity. Just add to your chart and let the colors guide you to where the real action is happening.
Breakout Volume PROBreakout Volume PRO
Real + Projected Volume Detection
This advanced volume indicator detects breakouts based on both actual and projected volume, allowing you to anticipate strong market moves before the current candle closes.
🔹 Key Features:
Volume breakout detection based on configurable moving average and multiplier.
Early signal when projected volume exceeds threshold before candle close.
Distinct coloring for bullish, bearish, and early breakout volume.
Customizable volume threshold area and base average.
Compatible with any timeframe, including daily and intraday.
Colors:
🔵 Blue: Bullish breakout
🔴 Red: Bearish breakout
🟠 Orange: Projected breakout in progress
⚪️ Gray: Normal volume
Perfect for identifying accumulation, distribution, or high-volume events that may precede price breakouts.
Navier-Cauchy Market Elasticity [PhenLabs]📊 Navier-Cauchy Market Elasticity
Version: PineScript™ v6
📌 Description
The Navier-Cauchy Market Elasticity (NCME) indicator takes a new step into technical analysis by applying materials science principles to financial markets. Similar to last weeks release utilizing Navier-Stokes dynamics equation this indicator focuses on the elastic interaction of virtual “solids”. Based on elasticity theory used in engineering, NCME treats price movements as material deformations, calculating market stress and strain using proven physics formulas. This unique approach reveals hidden market dynamics invisible to traditional indicators.
By implementing Lamé parameters and Young’s modulus calculations, NCME identifies critical stress points where markets exhibit extreme tension or compression. These zones often precede significant price movements, providing traders with advanced warning of potential reversals or breakouts.
🚀 Points of Innovation
• First indicator to apply Navier-Cauchy elasticity equations to market analysis
• Dynamic stress tensor calculations adapted for one-dimensional price movements
• Real-time Poisson ratio adjustments for market-specific elasticity modeling
• Gradient-based coloring system that visualizes stress intensity variations
• Advanced display modes with customizable visual layers for professional analysis
• Physics-based volatility normalization using Young’s modulus principles
🔧 Core Components
• Elasticity Engine: Calculates market elasticity using volatility-adjusted Young’s modulus
• Stress Tensor System: Computes normal stress values using Lamé parameters (λ and μ)
• Strain Measurement: Tracks price displacement relative to historical movement patterns
• Dynamic Bands: Statistical deviation bands that adapt to market elasticity changes
🔥 Key Features
• Four Display Modes: Choose between Histogram, Line, Both, or Advanced visualization
• Five Color Schemes: Modern, Classic, Neon, Ocean, and Fire themes with gradient support
• Background Stress Zones: Five distinct zones showing market stress levels visually
• Customizable Smoothing: Adjustable period for noise reduction without signal lag
• Extreme Value Detection: Automatic marking of critical stress points with visual alerts
• Advanced Mode Options: Glow effects, momentum ribbon, and extreme dots toggles
🎨 Visualization
• Stress Line: Primary indicator showing real-time market stress with gradient coloring
• Histogram Bars: Normalized stress values with dynamic opacity based on magnitude
• Reference Bands: Primary and secondary deviation bands for context
• Background Zones: Color-coded regions indicating stress intensity levels
• Signal Dots: Markers appearing at extreme stress points for easy identification
📖 Usage Guidelines
Display Settings
• Display Style
○ Default: Advanced
○ Options: Histogram, Line, Both, Advanced
○ Description: Controls visual presentation mode. Advanced offers the most comprehensive view with multiple layers
• Smoothing Period
○ Default: 3
○ Range: 1-50
○ Description: Moving average periods for noise reduction. Higher values create smoother signals but may introduce lag
Elasticity Parameters
• Displacement Length
○ Default: 14
○ Range: 1-100
○ Description: Lookback period for strain calculation. Shorter periods detect rapid stress changes
• Elasticity Length
○ Default: 30
○ Range: 1-200
○ Description: Period for volatility-based elasticity calculation. Longer periods provide more stable readings
• Poisson Ratio
○ Default: 0.3
○ Range: 0-0.5
○ Description: Theoretical elasticity ratio. 0.3 works well for most markets; adjust for specific asset classes
✅ Best Use Cases
• Identifying market tension before major breakouts
• Detecting compression zones during accumulation phases
• Confirming trend strength through stress persistence
• Timing reversals at extreme stress levels
• Multi-timeframe stress analysis for comprehensive market view
⚠️ Limitations
• Requires sufficient price history for accurate elasticity calculations
• May produce false signals during unprecedented market events
• Works best in liquid markets with consistent volume
• Not suitable as a standalone trading system
💡 What Makes This Unique
• Physics-Based Foundation: First indicator to properly implement elasticity theory
• Academic Rigor: Based on proven Navier-Cauchy equations from materials science
• Visual Innovation: Multiple display modes with professional-grade aesthetics
• Adaptive Technology: Self-adjusting parameters based on market conditions
🔬 How It Works
1. Strain Calculation:
• Measures price displacement over specified period
• Normalizes displacement relative to price level
2. Elasticity Determination:
• Calculates Young’s modulus using inverse volatility
• Updates Lamé parameters based on Poisson ratio
3. Stress Computation:
• Applies elasticity theory formula: σ = (λ + 2μ) × ε
• Scales result for visual clarity
• Applies smoothing to reduce noise
💡 Note: NCME represents a breakthrough in applying physics principles to market analysis. While based on proven scientific formulas, remember that markets are complex systems influenced by human psychology and external factors. Use NCME as part of a comprehensive trading strategy with proper risk management.
Consolidation Range [BigBeluga]A hybrid volatility-volume indicator that isolates periods of price equilibrium and reveals the directional force behind each range buildup.
Consolidation Range is a powerful tool designed to detect compression phases in the market using volatility thresholds while visualizing volume imbalance within those phases. By combining low-volatility detection with directional volume delta, it highlights where accumulation or distribution is occurring—giving traders the confidence to act when breakouts follow. This indicator is particularly valuable in choppy or sideways markets where range identification and sentiment context are key.
🔵 CONCEPTS
Volatility Compression: Uses ADX (Average Directional Index) to detect periods of low trend strength—specifically when ADX drops below a configurable threshold.
Range Structure: Upon a low-volatility trigger, the script dynamically anchors horizontal upper and lower bounds based on local highs and lows.
Directional Volume Delta: Inside each active range, it calculates the net difference between buy and sell volume, showing who controlled the range.
Sentiment Bias: A label appears in the center of the zone on breakout, showing the accumulated delta and bias direction (▲ for positive, ▼ for negative).
Range Validity Filter: Only ranges with more than 15 bars are considered valid—short-lived consolidations are auto-filtered.
🔵 KEY FEATURES
Detects low volatility market phases using ADX logic (crosses under "Volatility Threshold Input").
Automatically plots adaptive consolidation zones with upper and lower boundary lines.
Includes dynamic midline to visualize the price average inside the range.
Visual range is filled with a progressive gradient to reflect distance between highs and lows.
When the range is active, the indicator accumulates volume delta (Buy - Sell volume) .
Upon breakout, the total volume delta is displayed at the midpoint , providing insight into market sentiment during the consolidation phase.
Filters out weak or short-lived consolidations under 15 bars.
🔵 HOW TO USE
Spot ranging or compression zones with minimal effort.
Use breakouts with volume delta bias to assess the strength or weakness of moves.
Combine with trend-following tools or volume-based confirmation for stronger setups.
Apply to higher timeframes for macro consolidation tracking .
🔵 CONCLUSION
Consolidation Range now brings together volatility filtering and directional volume delta into one smart module. This hybrid logic allows traders to not only identify balance zones but also understand who was in control during the buildup—offering a sharper edge for breakout and trend continuation strategies.
Tight Range Display with Background🌟 Tight Range Transparency Display with Background
What Is This Indicator?
Hey traders! Ever wanted a simple way to spot those quiet, low-volatility moments in the market that often signal a big move is coming? The Tight Range Transparency Display with Background does exactly that! This indicator highlights periods where the price is moving in a tight range—think of it as the calm before the storm. It paints the chart background blue to show these zones, with the shade getting darker the tighter the range becomes. It’s like having a visual cue to say, “Hey, something might be brewing here!”
Why You’ll Love It
Spot Key Moments Easily: The blue background makes it super easy to see when the market is in a tight range, which often happens before breakouts or big trends.
Customizable Settings: You can tweak the range thresholds to match your trading style—whether you’re looking for super tight zones or slightly broader ones.
Visual Clarity: The background gets darker when the range is tighter, giving you a quick sense of how compressed the price action is.
Perfect for Any Market: Works on stocks, forex, crypto, or any chart you trade, across any timeframe.
How to Use It
Add It to Your Chart:
Just copy this script into TradingView’s Pine Editor and hit "Add to Chart." It’ll overlay right on your price chart.
Tweak the Settings:
Open the indicator settings and use the dropdown menus to pick your preferred "Tight Range %" and "Wide Range %." For example, set a Tight Range % of 2.0% to catch smaller ranges, or go higher like 10.0% for broader ones.
You can also adjust the ATR Period (default is 5) to make the indicator more or less sensitive to recent price swings.
Watch for the Blue Background:
When the price enters a tight range, the chart background turns blue. The darker the blue, the tighter the range—meaning a potential breakout could be closer!
Trade Smarter:
Use these tight range zones to prepare for potential breakouts. For example, if you see a dark blue background, it might be a good time to watch for a big price move.
Pair this with other tools like support/resistance levels or volume spikes to confirm your trades.
Who Is This For?
Swing Traders: Perfect for spotting consolidation zones before a big swing.
Breakout Traders: Tight ranges often lead to breakouts—use this to time your entries.
Smart Money Followers: If you’re into smart money concepts, tight ranges can signal accumulation or distribution phases.
Beginners & Pros Alike: It’s easy to use for new traders but powerful enough for seasoned pros.
Real-World Example
Imagine you’re trading a stock on a 1-hour chart. You notice the background turns blue, and it’s getting darker over a few bars. This tells you the price range is tightening—maybe the stock is consolidating after a big move. You check your other indicators, see a volume spike, and spot a breakout above resistance. Boom! You catch the next big trend, all because this indicator helped you focus on the right moment.
Tips for Best Results
Try Different Timeframes: Tight ranges on a 15-minute chart might signal short-term moves, while a daily chart could highlight bigger trends.
Adjust for Your Market: For volatile markets like crypto, you might want a higher Tight Range % (e.g., 10.0%). For calmer markets like forex, try a lower setting (e.g., 2.0%).
Combine with Other Tools: Use this alongside trendlines, moving averages, or volume indicators to confirm your setups.
Why I Made This
I created this indicator because I wanted a simple, visual way to spot those critical low-volatility zones without cluttering my chart. The dynamic background color makes it intuitive to see when the market is “coiling up” for a potential move. I hope it helps you find better trading opportunities just like it does for me!
Let’s Connect
If you find this indicator helpful, I’d love to hear about it! Drop a comment or a rating to let me know how it’s working for you. Got ideas to make it even better? Feel free to message me on TradingView—I’m always open to suggestions.
Published On
Date: May 22, 2025
Happy trading, and may your charts always be in your favor! 🚀
How to Publish on TradingView
Open Pine Editor:
On TradingView, open a chart and go to the Pine Editor tab at the bottom.
Paste the Code:
Copy the script you provided and paste it into the Pine Editor.
Compile:
Click "Add to Chart" to ensure it compiles without errors.
Publish:
Click the "Publish Script" button (paper plane icon) in the Pine Editor.
Select "Publish New Script."
Add the Description:
Title: "Tight Range Transparency Display with Background"
Description: Copy the content above into the description field.
Visibility: Choose "Public" to share with everyone (or "Invite-Only" for restricted access).
Tags: Add tags like "tight range", "breakout", "smart money", "volatility", "swing trading".
Screenshot: Add a screenshot of the indicator on a chart, showing the blue background during a tight range.
Submit:
Click "Publish" to submit. TradingView will review it and make it live if it meets their guidelines.
Additional Notes
Screenshot Tip: Use a chart where the blue background is clearly visible (e.g., during a consolidation period) to make the indicator’s effect stand out.
Engage with Users: After publishing, respond to comments and feedback to build a positive reputation on TradingView.
This content is designed to be approachable and engaging, helping traders understand the value of your indicator and encouraging them to try it out.
RDBRB Strategy with Filters + Cooldowns + LabelsRDBRB Strategy with Filters + Cooldowns
This script implements the RDBRB (Rally-Drop-Base-Retest-Breakout) strategy, a classic price action setup designed to identify structured trade opportunities using volume, volatility bands, and trend alignment. It’s ideal for traders looking for clean, rule-based entries across any timeframe.
🧠 Core Components
Rally & Drop Detection
Identifies short-term momentum shifts using moving average crossovers:
✅ Ra = Rally (bullish crossover)
🔻 Dr = Drop (bearish crossunder)
Base Formation
A statistical base is defined using a moving average with a standard deviation envelope (Upper/Lower BB). This forms the foundation for breakout or retest setups.
Retest Zone (RT)
When price returns to the lower band (but stays below the base), it suggests a potential re-accumulation or reaction zone before a breakout.
Breakout Confirmation (BO)
A breakout is validated when:
Price crosses above the upper band
Volume exceeds the 20-bar average by a threshold multiplier
RSI is above a bullish momentum level
Price is trending above the longer-term EMA
⏱️ Smart Cooldown Logic
Each signal (Rally, Drop, Retest, Breakout) has an independent cooldown timer to prevent multiple triggers within a short range, filtering out noise and duplicate signals:
Customizable cooldown periods via input settings
Ensures signals are meaningful and not clustered
💡 Visual Markers
All signals are shown as small, color-coded labels:
Ra : Green label below bar
Dr : Red label above bar
RT : Yellow label below bar
BO : Green breakout label below bar
Bands and base are plotted for structure reference.
🛠️ Customizable Settings
Cooldown periods for each signal type
MA lengths, volume and RSI thresholds
Trend filter and base calculation inputs
This script is ideal for price action traders who want a clean, structured method to trade consolidations and trend continuations while avoiding over-signaling. Use it on any timeframe and combine with higher-timeframe confirmation for best results.
Triple Exponential Moving Average (TEMA)The Triple Exponential Moving Average (TEMA) is an advanced technical indicator designed to significantly reduce the lag inherent in traditional moving averages while maintaining signal quality. Developed by Patrick Mulloy in 1994 as an extension of his DEMA concept, TEMA employs a sophisticated triple-stage calculation process to provide exceptionally responsive market signals.
TEMA's mathematical approach goes beyond standard smoothing techniques by using a triple-cascade architecture with optimized coefficients. This makes it particularly valuable for traders who need earlier identification of trend changes without sacrificing reliability. Since its introduction, TEMA has become a key component in many algorithmic trading systems and professional trading platforms.
▶️ **Core Concepts**
Triple-stage lag reduction: TEMA uses a three-level EMA calculation with optimized coefficients (3, -3, 1) to dramatically minimize the delay in signal generation
Enhanced responsiveness: Provides significantly faster reaction to price changes than standard EMA or even DEMA, while maintaining reasonable smoothness
Strategic signal processing: Employs mathematical techniques to extract the underlying trend while filtering random price fluctuations
Timeframe effectiveness: Performs well across multiple timeframes, though particularly valued in short to medium-term trading
TEMA achieves its enhanced responsiveness through an innovative triple-cascade architecture that strategically combines three levels of exponential moving averages. This approach effectively removes the lag component inherent in EMA calculations while preserving the essential smoothing benefits.
▶️ **Common Settings and Parameters**
Length: Default: 12 | Controls sensitivity/smoothness | When to Adjust: Increase in choppy markets, decrease in strongly trending markets
Source: Default: Close | Data point used for calculation | When to Adjust: Change to HL2/HLC3 for more balanced price representation
Corrected: Default: false | Adjusts internal EMA smoothing factors for potentially faster response | When to Adjust: Set to true for a modified TEMA that may react quicker to price changes. false uses standard TEMA calculation
Visualization: Default: Line | Display format on charts | When to Adjust: Use filled cloud to see divergence from price more clearly
Pro Tip: For optimal trade signals, many professional traders use two TEMAs (e.g., 8 and 21 periods) and look for crossovers, which often provide earlier signals than traditional moving average pairs.
▶️ **Calculation and Mathematical Foundation**
Simplified explanation:
TEMA calculates three levels of EMAs, then combines them using a special formula that amplifies recent price action while reducing lag. This triple-processing approach effectively eliminates much of the delay found in traditional moving averages.
Technical formula:
TEMA = 3 × EMA₁ - 3 × EMA₂ + EMA₃
Where:
EMA₁ = EMA(source, α₁)
EMA₂ = EMA(EMA₁, α₂)
EMA₃ = EMA(EMA₂, α₃)
The smoothing factors (α₁, α₂, α₃) are determined as follows:
Let α_base = 2/(length + 1)
α₁ = α_base
If corrected is false:
α₂ = α_base
α₃ = α_base
If corrected is true:
Let r = (1/α_base)^(1/3)
α₂ = α_base * r
α₃ = α_base * r * r = α_base * r²
The corrected = true option implements a variation that uses progressively smaller alpha values for the subsequent EMA calculations. This approach aims to optimize the filter's frequency response and phase lag.
Alpha Calculation for corrected = true:
α₁ (alpha_base) = 2/(length + 1)
r = (1/α₁)^(1/3) (cube root relationship)
α₂ = α₁ * r = α₁^(2/3)
α₃ = α₂ * r = α₁^(1/3)
Mathematical Rationale for Corrected Alphas:
1. Frequency Response Balance:
The standard TEMA (where α₁ = α₂ = α₃) can lead to an uneven frequency response, potentially over-smoothing high frequencies or creating resonance artifacts. The geometric progression of alphas (α₁ > α₁^(2/3) > α₁^(1/3)) in the corrected version aims to create a more balanced filter cascade. Each stage contributes more proportionally to the overall frequency response.
2. Phase Lag Optimization:
The cube root relationship between the alphas is designed to minimize cumulative phase lag while maintaining smoothing effectiveness. Each subsequent EMA stage has a progressively smaller impact on phase distortion.
3. Mathematical Stability:
The geometric progression (α₁, α₁^(2/3), α₁^(1/3)) can enhance numerical stability due to constant ratios between consecutive alphas. This helps prevent the accumulation of rounding errors and maintains consistent convergence properties.
Practical Impact of corrected = true:
This modification aims to achieve:
Potentially better lag reduction for a similar level of smoothing
A more uniform frequency response across different market cycles
Reduced overshoot or undershoot in trending conditions
Improved signal-to-noise ratio preservation
Essentially, the cube root relationship in the corrected TEMA attempts to optimize the trade-off between responsiveness and smoothness that can be a challenge with uniform alpha values.
🔍 Technical Note: Advanced implementations apply compensation techniques to all three EMA stages, ensuring TEMA values are valid from the first bar without requiring a warm-up period. This compensation corrects initialization bias and prevents calculation errors from compounding through the cascade.
▶️ **Interpretation Details**
TEMA excels at identifying trend changes significantly earlier than traditional moving averages, making it valuable for both entry and exit signals:
When price crosses above TEMA, it often signals the beginning of an uptrend
When price crosses below TEMA, it often signals the beginning of a downtrend
The slope of TEMA provides insight into trend strength and momentum
TEMA crossovers with price tend to occur earlier than with standard EMAs
When multiple-period TEMAs cross each other, they confirm significant trend shifts
TEMA works exceptionally well as a dynamic support/resistance level in trending markets
For optimal results, traders often use TEMA in combination with momentum indicators or volume analysis to confirm signals and reduce false positives.
▶️ **Limitations and Considerations**
Market conditions: The high responsiveness can generate false signals during highly choppy, sideways markets
Overshooting: More aggressive lag reduction leads to more pronounced overshooting during sharp reversals
Parameter sensitivity: Changes in length have more dramatic effects than in simpler moving averages
Calculation complexity: Triple cascaded EMAs make behavior less predictable and more resource-intensive
Complementary tools: Should be used with confirmation tools like RSI, MACD or volume indicators
▶️ **References**
Mulloy, P. (1994). "Smoothing Data with Less Lag," Technical Analysis of Stocks & Commodities .
Mulloy, P. (1995). "Comparing Digital Filters," Technical Analysis of Stocks & Commodities .
Volume CandlesVolume Candles — Context-Aware Candle Color
Description:
This visual indicator colors your price candles based on relative volume intensity, helping traders instantly detect low, medium, and high volume activity at a glance. It supports two modes — Percentile Ranking and Volume Average — offering flexible interpretation of volume pressure across all timeframes.
It uses a 3-tiered color system (bright, medium, dark) with customizable tones for both bullish and bearish candles.
How It Works:
You can choose between two modes for volume classification:
Ranking Mode (Default):
Measures current volume’s percentile rank over a lookback period. Higher percentiles = stronger color intensity.
Percentile thresholds:
< 50% → light color (low volume)
50–80% → medium intensity
> 80% → high volume
Volume Average Mode:
Compares current volume against its simple moving average (SMA).
Volume thresholds:
< 0.5× SMA → light color
Between 0.5× and 1.5× → medium
> 1.5× → high intensity
Candle Paint:
Candles are colored directly on the chart, not in a separate pane. Bullish candles use green shades, bearish use red. All colors are fully customizable.
How to Interpret:
Bright Colors = High volume (potential strength or climax)
Muted/Transparent Colors = Low or average volume (consolidation, traps)
Example Use Cases:
Spot fakeouts with large price movement on weak volume (dark color)
Confirm breakout strength with bright candles
Identify stealth accumulation/distribution
Inputs & Settings:
Mode: Ranking Percentile or Volume Average
Lookback Period for ranking and SMA
Custom Colors for bullish and bearish candles at 3 intensity levels
Best For:
Price action traders wanting context behind each candle
Scalpers and intraday traders needing real-time volume feedback
Anyone using volume as a filter for entries or breakouts
Pro Tips:
Combine with Price Action, Bollinger Bands or VWAP/EMA levels to confirm breakout validity and intent behind a move.
Use alongside RSI/MACD divergences for high-volume reversal signals.
For swing trading, expand the lookback period to better normalize volume over longer trends.
RSI - SECUNDARIO - mauricioofsousaSecondary RSI – MGO
Reading the rhythm behind the price action
The Secondary RSI is a specialized oscillator developed as part of the MGO (Matriz Gráficos ON) methodology. It works as a refined strength filter, designed to complement traditional RSI readings by isolating the true internal rhythm of price action and reducing the influence of market noise.
While the standard RSI measures price momentum, the Secondary RSI focuses on identifying breaks in oscillatory balance—the moments when the market shifts from accumulation to distribution or from compression to expansion.
🎯 What the Secondary RSI highlights:
Internal imbalances in energy between buyers and sellers
Micro-divergences not visible on standard RSI
Areas of price fatigue or overextension that often precede reversals
Confirmation zones for MGO oscillatory events (RPA, RPB, RBA, RBB)
📊 Recommended use:
Combine with the Primary RSI for dual-layer validation
Use as a noise-reduction tool before entering trends
Ideal in medium timeframes (12H / 4H) where oscillatory patterns form clearly
🧠 How it works:
The Secondary RSI recalculates the momentum signal using a block-based interpretation (aligned with the MGO structure) instead of simply following raw candle data. It adapts to the periodic nature of price behavior and provides the trader with a more stable and reliable measure of true market strength.
Enhanced Volume w/ Pocket Pivots, Milestones & LiquiditySure! Here’s a professional and clear **description** you can use when saving or publishing the script on TradingView:
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## 📄 Script Description: *Enhanced Volume w/ Pocket Pivots, Milestones & Liquidity*
This custom volume indicator enhances the default volume view by combining key institutional-level insights into a single tool. It highlights meaningful volume activity, liquidity conditions, and milestone events to help traders better understand accumulation/distribution and smart money participation.
### 🔍 Features:
* **Color-coded volume bars**:
* 🔵 **Pocket Pivot Volume (PPV)**: Up-day with volume > highest down-day volume of last 10 bars.
* 🟢 **Up Volume**: Up-day with volume > 50-day average.
* 🔴 **Down Volume**: Down-day with volume > 50-day average.
* 🟠 **Dry Volume**: Low-volume bars < 20% of 50-day average.
* ⚫ **Neutral/Other bars**: No significant signal.
* **Volume Milestones**:
* **HVE**: Highest volume ever (20 years lookback).
* **HVY**: Highest volume in the past 1 year (252 bars).
* **HVQ**: Highest volume in the past quarter (63 bars).
* **Projected Volume**:
* Real-time estimate of end-of-day volume based on elapsed session time.
* **Liquidity Metrics**:
* Displays current and 50-day average dollar volume.
* Estimates 1-minute liquidity for large-position feasibility.
* **Relative Volume Label**:
* Displays how today’s volume compares to the 50-day average.
* **Alerts Included**:
* Set alerts for HVE, HVY, and HVQ to catch key breakout or climactic volume events.
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### 🧠 Ideal For:
* Growth stock traders
* Volume/price analysts
* Intraday & swing traders
* Institutions or prop traders needing liquidity benchmarks
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