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C&B Auto MK5C&B Auto MK5.2ema BullBear Overview The C&B Auto MK5.2ema BullBear is a versatile Pine Script indicator designed to help traders identify bullish and bearish market conditions across various timeframes. It combines Exponential Moving Averages (EMAs), Relative Strength Index (RSI), Average True Range (ATR), and customizable time filters to generate actionable signals. The indicator overlays on the price chart, displaying EMAs, a dynamic cloud, scaled RSI levels, bull/bear signals, and market condition labels, making it suitable for swing trading, day trading, or scalping in trending or volatile markets. What It Does This indicator generates bull and bear signals based on the interaction of two EMAs, filtered by RSI thresholds, ATR-based volatility, a 50/200 EMA trend filter, and user-defined time windows. It adapts to market volatility by adjusting EMA lengths and RSI thresholds. A dynamic cloud highlights trend direction or neutral zones, with candlestick coloring in neutral conditions. Market condition labels (current and historical) provide real-time trend and volatility context, displayed above the chart. How It Works The indicator uses the following components: EMAs: Two EMAs (short and long) are calculated on a user-selected timeframe (1, 5, 15, 30, or 60 minutes). Their crossover or crossunder triggers potential bull/bear signals. EMA lengths adjust based on volatility (e.g., 10/20 for volatile markets, 5/10 for non-volatile). Dynamic Cloud: The area between the EMAs forms a cloud, colored green for bullish trends, red for bearish trends, or a user-defined color (default yellow) for neutral zones (when EMAs are close, determined by an ATR-based threshold). Users can widen the cloud for visibility. RSI Filter: RSI is scaled to price levels and plotted on the chart (optional). Signals are filtered to ensure RSI is within volatility-adjusted bull/bear thresholds and not in overbought/oversold zones. ATR Volatility Filter: An optional filter ensures signals occur during sufficient volatility (ATR(14) > SMA(ATR, 20)). 50/200 EMA Trend Filter: An optional filter restricts bull signals to bullish trends (50 EMA > 200 EMA) and bear signals to bearish trends (50 EMA < 200 EMA). Time Filter: Signals are restricted to a user-defined UTC time window (default 9:00–15:00), aligning with active trading sessions. Market Condition Labels: Labels above the chart display the current trend (Bullish, Bearish, Neutral) and optionally volatility (e.g., “Bullish Volatile”). Up to two historical labels persist for a user-defined number of bars (default 5) to show recent trend changes. Visual Aids: Bull signals appear as green triangles/labels below the bar, bear signals as red triangles/labels above. Candlesticks in neutral zones are colored (default yellow). The indicator ensures compatibility with standard chart types (e.g., candlestick or bar charts) to produce realistic signals, avoiding non-standard types like Heikin Ashi or Renko. How to Use It Add to Chart: Apply the indicator to a candlestick or bar chart on TradingView. Configure Settings: Timeframe: Choose a timeframe (1, 5, 15, 30, or 60 minutes) to match your trading style. Filters: Enable/disable the ATR volatility filter to focus on high-volatility periods. Enable/disable the 50/200 EMA trend filter to align signals with the broader trend. Enable the time filter and set custom UTC hours/minutes (default 9:00–15:00). Cloud Settings: Adjust the cloud width, neutral zone threshold, color, and transparency. EMA Colors: Use default trend-based colors or set custom colors for short/long EMAs. RSI Display: Toggle the scaled RSI and its thresholds, with customizable colors. Signal Settings: Toggle bull/bear labels and set signal colors. Market Condition Labels: Toggle current/historical labels, include/exclude volatility, and adjust decay period. Interpret Signals: Bull Signal: A green triangle or “Bull” label below the bar indicates potential bullish momentum (EMA crossover, RSI above bull threshold, within time window, passing filters). Bear Signal: A red triangle or “Bear” label above the bar indicates potential bearish momentum (EMA crossunder, RSI below bear threshold, within time window, passing filters). Neutral Zone: Yellow candlesticks and cloud (if enabled) suggest a lack of clear trend; consider range-bound strategies or avoid trading. Market Condition Labels: Check labels above the chart for real-time trend (Bullish, Bearish, Neutral) and volatility status to confirm market context. Monitor Context: Use the cloud, RSI, and labels to assess trend strength and volatility before acting on signals. Unique Features Volatility-Adaptive EMAs: Automatically adjusts EMA lengths based on ATR to suit volatile or non-volatile markets, reducing manual configuration. Neutral Zone Detection: Uses an ATR-based threshold to identify low-trend periods, helping traders avoid choppy markets. Scaled RSI Visualization: Plots RSI and thresholds directly on the price chart, simplifying momentum analysis relative to price. Flexible Time Filtering: Supports precise UTC-based trading windows, ideal for day traders targeting specific sessions. Historical Market Labels: Displays recent trend changes (up to two) with a decay period, providing context for market shifts. 50/200 EMA Trend Filter: Aligns signals with the broader market trend, enhancing signal reliability. Notes Use on standard candlestick or bar charts to ensure accurate signals. Test the indicator on a demo account to optimize settings for your market and timeframe. Combine with other analysis (e.g., support/resistance, volume) for better decision-making. The indicator is not a standalone system; use it as part of a broader trading strategy. Limitations Signals may lag in fast-moving markets due to EMA-based calculations. Neutral zone detection may vary in extremely volatile or illiquid markets. Time filters are UTC-based; ensure your platform’s timezone settings align. This indicator is designed for traders seeking a customizable, trend-following tool that adapts to volatility and provides clear visual cues with robust filtering for bullish and bearish market conditions.
Indicatore Pine Script®
di charleyRT
Constance Brown RSI with Composite IndexConstance Brown RSI with Composite Index Overview This indicator combines Constance Brown's RSI interpretation methodology with a Composite Index and ATR Distance to VWAP measurement to provide a comprehensive trading tool. It helps identify trends, momentum shifts, overbought/oversold conditions, and potential reversal points. Key Features Color-coded RSI zones for immediate trend identification Composite Index for momentum analysis and divergence detection ATR Distance to VWAP for identifying extreme price deviations Automatic divergence detection for early reversal warnings Pre-configured alerts for key trading signals How to Use This Indicator Trend Identification The RSI line changes color based on its position: Blue zone (RSI > 50): Bullish trend - look for buying opportunities Purple zone (RSI < 50): Bearish trend - look for selling opportunities Gray zone (RSI 40-60): Neutral/transitional market - prepare for potential breakout The 40-50 area (light blue fill) acts as support during uptrends, while the 50-60 area (light purple fill) acts as resistance during downtrends. // From the code: upTrendZone = rsiValue > 50 and rsiValue <= 90 downTrendZone = rsiValue < 50 and rsiValue >= 10 neutralZone = rsiValue > 40 and rsiValue < 60 rsiColor = neutralZone ? neutralRSI : upTrendZone ? upTrendRSI : downTrendRSI Momentum Analysis The Composite Index (fuchsia line) provides momentum confirmation: Values above 50 indicate positive momentum Values below 40 indicate negative momentum Crossing above/below these thresholds signals potential momentum shifts // From the code: compositeIndexRaw = rsiChange / ta.stdev(rsiValue, rsiLength) compositeIndex = ta.sma(compositeIndexRaw, compositeSmoothing) compositeScaled = compositeIndex * 10 + 50 // Scaled to fit 0-100 range Overbought/Oversold Detection The ATR Distance to VWAP table in the top-right corner shows how far price has moved from VWAP in terms of ATR units: Extreme positive values (orange/red): Potentially overbought Extreme negative values (purple/red): Potentially oversold Near zero (gray): Price near average value // From the code: priceDistance = (close - vwapValue) / ta.atr(atrPeriod) // Color coding based on distance value Divergence Trading The indicator automatically detects divergences between the Composite Index and price: Bullish divergence: Price makes lower low but Composite Index makes higher low Bearish divergence: Price makes higher high but Composite Index makes lower high // From the code: divergenceBullish = ta.lowest(compositeIndex, rsiLength) > ta.lowest(close, rsiLength) divergenceBearish = ta.highest(compositeIndex, rsiLength) < ta.highest(close, rsiLength) Trading Strategies Trend Following 1. Identify the trend using RSI color: Blue = Uptrend, Purple = Downtrend 2. Wait for pullbacks to support/resistance zones: In uptrends: Buy when RSI pulls back to 40-50 zone and bounces In downtrends: Sell when RSI rallies to 50-60 zone and rejects 3. Confirm with Composite Index: Uptrends: Composite Index stays above 50 or quickly returns above it Downtrends: Composite Index stays below 50 or quickly returns below it 4. Manage risk using ATR Distance: Take profits when ATR Distance reaches extreme values Place stops beyond recent swing points Reversal Trading 1. Look for divergences Bullish: Price makes lower low but Composite Index makes higher low Bearish: Price makes higher high but Composite Index makes lower high 2. Confirm with ATR Distance: Extreme readings suggest potential reversals 3. Wait for RSI zone transition: Bullish: RSI crosses above 40 (purple to neutral/blue) Bearish: RSI crosses below 60 (blue to neutral/purple) 4. Enter after confirmation: Use candlestick patterns for precise entry Place stops beyond the divergence point Four pre-configured alerts are available: Momentum High: Composite Index above 50 Momentum Low: Composite Index below 40 Bullish Divergence: Composite Index higher low Bearish Divergence: Composite Index lower high Customization Adjust these parameters to optimize for your trading style: RSI Length: Default 14, lower for more sensitivity, higher for fewer signals Composite Index Smoothing: Default 10, lower for quicker signals, higher for less noise ATR Period: Default 14, affects the ATR Distance to VWAP calculation This indicator works well across various markets and timeframes, though the default settings are optimized for daily charts. Adjust parameters for shorter or longer timeframes as needed. Happy trading!
Indicatore Pine Script®
di TheRealHawk
EMA 9/21/50 + VWAP + MACD + RSI Pro [v6]Overview: A powerful multi-indicator tool combining Exponential Moving Averages (EMA 9, 21, 50), Volume-Weighted Average Price (VWAP), Moving Average Convergence Divergence (MACD), and Relative Strength Index (RSI) into a single, easy-to-read system. Designed for traders who want a clean, all-in-one dashboard for trend analysis, momentum confirmation, and overbought/oversold conditions. Key Features: 1. Triple EMA System (9, 21, 50) Identifies short-term and medium-term trends. Bullish Signal: EMA 9 > EMA 21 > EMA 50 (Green Highlight) Bearish Signal: EMA 9 < EMA 21 < EMA 50 (Red Highlight) Helps confirm trend direction and potential reversals. 2. VWAP (Volume-Weighted Average Price) Tracks intraday fair value price based on volume. Bullish: Price above VWAP (Green) Bearish: Price below VWAP (Red) 3. MACD (Standard 12, 26, 9 Settings) Shows momentum shifts. Bullish: MACD line > Signal line (Green) Bearish: MACD line < Signal line (Red) Histogram confirms strength of momentum. 4. RSI (14-Period Default) Identifies overbought (>70) and oversold (<30) conditions. Red: Overbought (Potential Reversal) Green: Oversold (Potential Bounce) 5. Signal Dashboard (Top-Right Table) Real-time summary of all indicators in one place. Color-coded for quick interpretation (Green = Bullish, Red = Bearish). How to Use This Indicator? ✅ Trend Confirmation: Trade in the direction of EMA alignment (9 > 21 > 50 for uptrends). Use VWAP as dynamic support/resistance. ✅ Momentum Entries: Look for MACD crossovers while RSI is not extreme. Avoid buying when RSI > 70 or selling when RSI < 30 (unless strong trend). ✅ Mean Reversion: Fade extreme RSI readings (overbought/oversold) when price is at key levels. Who Is This For? ✔ Swing Traders – EMA + MACD combo for trend-following. ✔ Day Traders – VWAP + EMA for intraday bias. ✔ RSI Traders – Clear overbought/oversold signals. Settings Customization: Adjust EMA lengths, RSI periods, and MACD settings as needed. Toggle VWAP visibility on/off. Why Use This Script? 📌 All-in-One: No need for multiple indicators cluttering your chart. 📌 Visual Clarity: Color-coded signals for quick decision-making. 📌 Flexible: Works on any timeframe (1M, 5M, 1H, Daily, etc.). Install now and enhance your trading strategy with a professional-grade multi-indicator system! Not a financial advice. Use at your own discretion and always apply risk management
Indicatore Pine Script®
di JOSES2705
9
Fractal Pattern AnalysisFractal Pattern Key Elements and How to Read Them 1. Williams Fractals (Triangle Markers) Red Triangles Pointing Down: Bearish fractals - potential resistance points and selling opportunities Green Triangles Pointing Up: Bullish fractals - potential support points and buying opportunities When to Act: Look for bullish fractals forming during uptrends and bearish fractals during downtrends 2. Moving Averages Yellow Line (20 EMA): Short-term trend Blue Line (50 EMA): Medium-term trend Red Line (200 EMA): Long-term trend Interpretation: When shorter MAs cross above longer MAs, it's bullish; when they cross below, it's bearish Key Signal: The alignment of all three MAs (stacked in order) confirms a strong trend 3. Background Color Green Background: Uptrend (all MAs aligned bullishly) Red Background: Downtrend (all MAs aligned bearishly) Yellow Background: Sideways/neutral market (MAs not clearly aligned) 4. Market Structure Markers (Small Circles) Green Circles: Higher highs and higher lows (bullish structure) Red Circles: Lower highs and lower lows (bearish structure) Pattern Recognition: Multiple green circles suggest continuing uptrend; multiple red circles suggest continuing downtrend 5. Reversal Diamonds ("Rev" Markers) Yellow Diamonds: Potential trend reversal points Usage: These mark where the current trend might be changing direction Confirmation: Wait for price to close beyond the diamond before acting 6. Bollinger Bands (Blue Lines with Fill) Middle Band: 20-period SMA Upper/Lower Bands: Volatility channels Signals: Price touching upper band in uptrend is strength; touching lower band in downtrend is weakness Squeeze: When bands narrow, expect a volatility breakout soon 7. Status Table (Top Right) Shows current trend, volume direction, and overall signal at a glance "BUY" signal appears when multiple bullish conditions align "SELL" signal appears when multiple bearish conditions align
Indicatore Pine Script®
di satsrin
Larry Williams POIV A/D [tradeviZion]Larry Williams' POIV A/D - Release Notes v1.0 ================================================= Release Date: 01 April 2025 OVERVIEW -------- The Larry Williams POIV A/D (Price, Open Interest, Volume Accumulation/Distribution) indicator implements Williams' original formula while adding advanced divergence detection capabilities. This powerful tool combines price movement, open interest, and volume data to identify potential trend reversals and continuations. FEATURES -------- - Implements Larry Williams' original POIV A/D formula - Divergence detection system: * Regular divergences for trend reversal signals * Hidden divergences for trend continuation signals - Fast Mode option for earlier pivot detection - Customizable sensitivity for divergence filtering - Dynamic color visualization based on indicator direction - Adjustable smoothing to reduce noise - Automatic fallback to OBV when Open Interest is unavailable FORMULA ------- POIV A/D = CumulativeSum(Open Interest * (Close - Close ) / (True High - True Low)) + OBV Where: - Open Interest: Current period's open interest - Close - Close : Price change from previous period - True High - True Low: True Range - OBV: On Balance Volume DIVERGENCE TYPES --------------- 1. Regular Divergences (Reversal Signals): - Bullish: Price makes lower lows while indicator makes higher lows - Bearish: Price makes higher highs while indicator makes lower highs 2. Hidden Divergences (Continuation Signals): - Bullish: Price makes higher lows while indicator makes lower lows - Bearish: Price makes lower highs while indicator makes higher highs REQUIREMENTS ----------- - Works best with futures and other instruments that provide Open Interest data - Automatically adapts to work with any instrument by using OBV when OI is unavailable USAGE GUIDE ----------- 1. Apply the indicator to any chart 2. Configure settings: - Adjust sensitivity for divergence detection - Enable/disable Fast Mode for earlier signals - Customize visual settings as needed 3. Look for divergence signals: - Regular divergences for potential trend reversals - Hidden divergences for trend continuation opportunities 4. Use the alerts system for automated divergence detection KNOWN LIMITATIONS ---------------- - Requires Open Interest data for full functionality - Fast Mode may generate more signals but with lower reliability ACKNOWLEDGEMENTS --------------- This indicator is based on Larry Williams' work on Open Interest analysis. The implementation includes additional features for divergence detection while maintaining the integrity of the original formula.
Indicatore Pine Script®
di TradeVizion
7
Psych Level ScreenerThis Script is intended for Pine Screener and is not designed as a indicator!!! Pine Screener is something TradingView has recently added and is still only a Beta version. Pine Screener itself is currently only available to members that are Premium and above. What it does: This screener will actively look for tickers that are close to Pysch level in your watchlist. Psych level here refers to price levels that are round numbers such as 50,100,1000. Users can specify the offset from a psych level (in %) and scanner will scan for tickers that are within the offset. For example if offset is set at 5% then it will scan for tickers that are within +/-5% of a ticker. (for $100 psych level it will scan for ticker in $95-105 range) Once scan is completed you will be able to see: - Current price of ticker - Closest psych level for that ticker - % and $ move required for it to hit that psych level - Ticker's day range and Average range (with % of average range completed for the day) - Ticker volume and average volume Setting up: www.tradingview.com Above link will help you guide how to setup Pine screener. Use steps below to guide you the setup for this specific screener: 1. Open Pine Screener (open new tab, select screener the "Pine") 2. At the top, click on "Choose Indicator" and select "Psych Level Screener" 3. At the top again, click "Indicator Psych Level Screener" and select settings. 4. Change setting to your needs. Hit Apply when done. a)"% offset from Psych Level" will scan for any stocks in your watchlist which are +/- from the offset you chose for any given psych level. Default is 5. (e.g. If offset is 5%, it will scan for stocks that are between $95-$105 vs $100 psych level, $190-$210 for $200 psych level and so on) b) ATR length is number of previous trading days you want to include in your calculation. Moving Average Type is calculation method. c) Rvol length is number of previous trading days you want to include in your calculation. 5. On top left, click "Price within specified offset of Psych. Level" and select true. Then select "Scan" which is located at the top next to "Indicator Psych Level Screener". This will filter out all the stock that meets the condition. 6. At the end of the column on the right there is a "+" symbol. From there you can add/remove columns. 30min/1hr/4hr/1D Trend are disabled by default so if this is needed please enable them. 7. You can change the order of ticker by ascending and descending order of each column label if needed. Just click on the arrow that comes up when you move the cursor to any of the column items. 8. You can specify advanced filter settings based on the variables in the column. (e.g., set price range of stock to filter out further) To do so, click on the column variable name in interest, located above the screener table (or right below "scan") and select "manual setup". How to read the column: Current Price: Shows current price of the ticker when scan was done. Currently Pine Screener does NOT support pre/post-hours data so no PM and AH price. Psych Level: Psych level the current price is near to. % to Psych Level: Price movement in % necessary to get to the Psych level. $ to Psych Level: Price movement in $ necessary to get to the Psych level. DTR: Daily True Range of the stock. i.e. High - Low of the ticker on the day. ATR: Average True Range of stock in the last x days, where x is a value selected in the setting. (See step 3 in Previous section) DTR vs ATR: Amount of DTR a ticker has done in % with respect to ATR. (e.g., 90% means DTR is 90% of ATR) Vol.: Volume of a ticker for the day. Currently Pine Screener does NOT support pre/post-hours data so no PM and AH volume. Avg. Vol: Average volume of a ticker in the last x days, where x is a value selected in the setting. (See step 3 in Previous section) Rvol: Relative volume in percentage, measured by the ratio of day's volume and average volume. 30min/1hr/4hr/1D Trend: Trend status to see if the chart is Bullish or Bearish on each of the time frame. Bullishness or Bearishness is defined by the price being over or under the 34/50 cloud on each of the time frame. Output of 1 is Bullish, -1 is Bearish. 0 means price is sitting inside the 34/50 cloud. Currently Pine Screener does NOT support pre/post-hours data so 34/50 cloud is based on regular trading hours data ONLY. Some things user should be aware of: - Pine Screener itself is currently only available to TradingView members with Premium Subscription and above. (I can't to anything about this as this is NOT set by me, I have no control) For more info: www.tradingview.com - The Pine Screener itself is a Beta version and this screener can stop working anytime depending on changes made by TradingView themselves. (Again I cannot control this) - Pine Screener can only run on Watchlists for now. (as of 03/31/2025) You will have to prepare your own watchlists. In a Watchlist no more than 1000 tickers may be added. (This is TradingView rules) - Psych level included are currently 50 to 1500 in steps of 50. If you need a specific number please let me know. Will add accordingly. - Unfortunately this screener does not update automatically, so please hit "scan" to get latest screener result. - I cannot add 10min trend to the column as Pine Screener does NOT support 10min timeframe as of now. (03/31/2025) - This code is only meant for Pine Screener. I do NOT recommend using this as an indicator. - Currently Pine Screener does NOT support pre/post-hours data. So data such as Price, Volume and EMA values are based on market hours data ONLY! (If I'm wrong about this please correct me / let me know and will make look into and make changes to the code) Other useful links about Pine Screener: Quick overview of the Screener’s functionality: www.tradingview.com what do you need to know before you start working? : www.tradingview.com These links will go over the setting up with GIFs so is easier to understand. ----------------------------------------------------------------------------------------------------------------- If there are other column variables that you think is worth adding please let me know! Will try add it to the screener! If you have any questions let me know as well, will reply soon as I can! Have a good trading day and hope it helps!
Indicatore Pine Script®
di Mereep01
zone trading stratThis only works for DOGEUSD , I made it for the 8cap chart so only use it for that. If you want this for other symbols/charts you need to comment below or msg me. # Price Zone Trading System: Technical Explanation ## Core Concept The Price Zone Tracker is built on the concept that price tends to respect certain key levels or "zones" on the chart. These zones act as support and resistance areas where price may bounce or break through. The system combines zone analysis with multiple technical indicators to generate high-probability trading signals. ## Zone Analysis The system tracks 9 predefined price zones. Each zone has both a high and low boundary, except for Zone 5 which is represented by a single line. When price enters a zone, the system monitors whether it stays within the zone, breaks above it (bullish), or breaks below it (bearish). This zone behavior establishes the foundational bias of the system: - When price closes above its previous zone: Zone State = Bullish - When price closes below its previous zone: Zone State = Bearish - When price remains within a zone: Zone State = Neutral ## Trend Analysis Components The system performs multi-timeframe analysis using several technical components: 1. **Higher Timeframe Analysis** (±3 points in scoring) - Uses 15-minute charts for sub-5-minute timeframes - Uses 30-minute charts for 5-minute timeframes - Uses 60-minute charts for timeframes above 5 minutes - Evaluates candlestick patterns and EMA crossovers on the higher timeframe 2. **EMA Direction** (±1 point in scoring) - Compares 12-period and 26-period EMAs - Bullish when fast EMA > slow EMA - Bearish when fast EMA < slow EMA 3. **MACD Analysis** (±1 point in scoring) - Uses standard 12/26/9 MACD settings - Bullish when MACD line crosses above signal line with positive histogram - Bearish when MACD line crosses below signal line with negative histogram 4. **Price Action** (±2 points in scoring) - Evaluates whether price is making higher highs/higher lows (uptrend) - Or lower highs/lower lows (downtrend) - Also considers ATR-based volatility and strength of movements ## Trend Score Calculation All these components are weighted and combined into a trend score: - Higher timeframe components have stronger weights (±2-3 points) - Current timeframe components have moderate weights (±1 point) - Price action components have varied weights (±0.5-2 points) The final trend state is determined by thresholds: - Score > +3: Trend Analysis State = Bullish - Score < -3: Trend Analysis State = Bearish - Score between -3 and +3: Trend Analysis State = Neutral ## Signal Generation Logic The system combines the Zone State with the Trend Analysis State: 1. If Zone State and Trend Analysis State are both bullish: - Combined State = Bullish - Line Color = Green 2. If Zone State and Trend Analysis State are both bearish: - Combined State = Bearish - Line Color = Red 3. If Zone State and Trend Analysis State contradict each other: - Combined State = Neutral - Line Color = Black This implements a safety mechanism requiring both zone analysis and technical indicators to agree before generating a directional signal. ## Trading Signals Trading signals are generated based on changes in the Combined State: - When Combined State changes from neutral/bearish to bullish: - Trading Signal = LONG (green triangle appears on chart) - When Combined State changes from neutral/bullish to bearish: - Trading Signal = SHORT (red triangle appears on chart) - When Combined State changes from bullish/bearish to neutral: - Trading Signal = EXIT (yellow X appears on chart) - When Combined State remains unchanged: - Trading Signal = NONE (no new marker appears) ## Reversal Warning The system also monitors for potential reversal conditions: - When Combined State is bullish but both RSI and MFI are overbought (>70) - When Combined State is bearish but both RSI and MFI are oversold (<30) In these cases, a yellow diamond appears on the chart as a warning that a reversal might be imminent. ## Visual Elements The indicator provides multiple visual elements: 1. Zone boundaries as translucent orange areas 2. A single colored line below price (green/red/black) showing the current signal 3. Trading signals as shapes on the chart 4. An information panel showing all relevant indicator values and signals ## Usage Limitations The indicator is designed to work optimally on timeframes below 30 minutes. On higher timeframes, a warning appears and analysis is disabled.
Indicatore Pine Script®
di user2839409
2
Trapped Traders Order BlocksHow It Works The Trapped Traders Order Blocks indicator identifies specific price action patterns that suggest large market participants ("big money") have been trapped in losing positions after significant price sweeps, creating potential opportunities for reversals. The indicator detects both "bullish trap blocks" (where bearish traders are trapped) and "bearish trap blocks" (where bullish traders are trapped). Here’s the step-by-step process for each: Bullish Trap Block (Bears Trapped): A bearish candle (Candle A) must sweep the high of the previous candle (Candle B), meaning its high exceeds the high of the prior candle. This bearish candle must have a longer upper wick than its lower wick, indicating rejection of higher prices. The candle must not be a doji (i.e., it must have a significant body, defined as the body being at least 10% of the candle's range). The next candle (Candle C) must close above the body of the bearish candle (Candle A), suggesting that price has immediately moved against the bearish sweep, potentially trapping bearish traders who entered short positions expecting a downward move. The body of the bearish candle (Candle A) is marked as a "bullish trap block." A box is drawn around this candle's body, and a label ("Bullish Trap") is placed below it. Bearish Trap Block (Bulls Trapped): A bullish candle (Candle A) must sweep the low of the previous candle (Candle B), meaning its low is below the low of the prior candle. This bullish candle must have a longer lower wick than its upper wick, indicating rejection of lower prices. The candle must not be a doji. The next candle (Candle C) must close below the body of the bullish candle (Candle A), suggesting that price has immediately moved against the bullish sweep, potentially trapping bullish traders who entered long positions expecting an upward move. The body of the bullish candle (Candle A) is marked as a "bearish trap block." A box is drawn around this candle's body, and a label ("Bearish Trap") is placed above it. Dynamic Box Extension: For both bullish and bearish trap blocks, the box extends dynamically to the current bar unless it exceeds a user-defined age (default is 52 bars), at which point it stops at the maximum age. Sweep Detection: Bullish Sweep (of any trap block, bullish or bearish): The current candle's open is above the top of the box. The low is below the top of the box. The close is above the top of the box. The lower wick is longer than the upper wick (indicating rejection of lower prices). The close is above 50% of the candle's range (ensuring a strong bullish bias). When a bullish sweep occurs, a label ("Bullish Sweep") is placed at the low of the candle, pointing upward, and an alert is triggered. Bearish Sweep (of any trap block, bullish or bearish): The current candle's open is below the bottom of the box. The high is above the bottom of the box. The close is below the bottom of the box. The upper wick is longer than the lower wick (indicating rejection of higher prices). The close is below 50% of the candle's range (ensuring a strong bearish bias). When a bearish sweep occurs, a label ("Bearish Sweep") is placed at the high of the candle, pointing downward, and an alert is triggered. When to Be Used The Trapped Traders Order Blocks indicator is best used in the following scenarios: Reversal Trading: Use this indicator to identify potential reversal points in the market. Bullish trap blocks suggest that trapped bears may unwind their short positions, leading to a potential bullish move. Bearish trap blocks suggest that trapped bulls may unwind their long positions, leading to a potential bearish move. Look for sweeps of these blocks as confirmation of a directional move. A bullish sweep indicates a potential upward move, while a bearish sweep indicates a potential downward move. Range-Bound Markets: In sideways or ranging markets, trapped blocks can highlight key levels where large players have been caught off-guard. These levels often act as support or resistance, and a sweep of the block can signal a breakout or continuation in the direction of the sweep. Confluence with Other Indicators: Combine the trapped blocks with other technical analysis tools, such as support/resistance levels, Fibonacci retracements, or volume analysis, to increase the probability of a successful trade. For example, a bullish trap block near a strong support level with a bullish sweep can provide a high-probability setup for a long position, while a bearish trap block near a strong resistance level with a bearish sweep can signal a short opportunity. Timeframes: The indicator is most effective on higher timeframes such as 1-day (1D), 1-week (1W), and 1-month (1M) charts. These timeframes are more likely to capture significant moves involving large market participants, reducing noise and false signals compared to lower timeframes. While it can be used on lower timeframes (e.g., 1-hour or 4-hour), the signals may be less reliable due to increased market noise. Logic Behind It The logic behind the Trapped Traders Order Blocks indicator is rooted in market psychology and the behavior of large market participants ("big money"). When a large sweep candle occurs where price spikes in one direction but then quickly reverses it often indicates that traders have entered positions in the direction of the sweep, expecting a continuation. However, if the price immediately moves against them, these traders are now trapped in losing positions. Bullish Trap Block (Bears Trapped): A large bearish sweep candle (spiking upward but closing lower) suggests that bearish traders (bears) have entered short positions at the top of the move, expecting a downward continuation. If the next candle closes above the bearish candle's body, these bears are trapped in losing positions. The body of the bearish candle becomes a "bullish trap block" because the trapped bears are likely to have placed their stop-loss orders or break-even exit orders just above the high of the sweep candle or within the body of the candle. As price revisits this level in the future, these trapped traders may attempt to unwind their positions by buying back their shorts, which can drive the price higher. This unwinding process often attracts new buyers, leading to a potential bullish reversal or continuation. The bullish sweep conditions (e.g., close > box top, longer lower wick, and close above 50% of the range) ensure that the price action at the block level shows strong bullish momentum and rejection of lower prices, confirming the potential for a move higher. Bearish Trap Block (Bulls Trapped): A large bullish sweep candle (spiking downward but closing higher) suggests that bullish traders (bulls) have entered long positions at the bottom of the move, expecting an upward continuation. If the next candle closes below the bullish candle's body, these bulls are trapped in losing positions. The body of the bullish candle becomes a "bearish trap block" because the trapped bulls are likely to have placed their stop-loss orders or break-even exit orders just below the low of the sweep candle or within the body of the candle. As price revisits this level in the future, these trapped traders may attempt to unwind their positions by selling their longs, which can drive the price lower. This unwinding process often attracts new sellers, leading to a potential bearish reversal or continuation. The bearish sweep conditions (e.g., close < box bottom, longer upper wick, and close below 50% of the range) ensure that the price action at the block level shows strong bearish momentum and rejection of higher prices, confirming the potential for a move lower. Summary Bullish Trap Block: Occurs when bears get trapped after a bearish sweep candle is immediately followed by a bullish candle, indicating a potential reversal as trapped bears may unwind their positions. Bearish Trap Block: Occurs when bulls get trapped after a bullish sweep candle is immediately followed by a bearish candle, indicating a potential bearish reversal. Use Case: Ideal for identifying reversal opportunities, especially in range-bound markets or at key support/resistance levels on higher timeframes like 1D, 1W, and 1M, and can be combined with other indicators for confluence. Logic: Large sweep candles followed by an immediate reversal suggest that big money has been trapped, and these traders may unwind their positions at break-even in the near future, driving price in the opposite direction of their initial trade. This indicator provides a visual and actionable way to identify these trapped trader scenarios, with customizable settings for box display, sweep visuals, and alerts to help traders capitalize on these opportunities, particularly on higher timeframes where the signals are most reliable.
Indicatore Pine Script®
di mindyourbuisness
15
Trend Zone Moving Averages📈 Trend Zone Moving Averages The Trend Zone Moving Averages indicator helps traders quickly identify market trends using the 50SMA, 100SMA, and 200SMA. With dynamic background colors, customizable settings, and real-time alerts, this tool provides a clear view of bullish, bearish, and extreme trend conditions. 🔹 Features: Trend Zones with Dynamic Background Colors Green → Bullish Trend (50SMA > 100SMA > 200SMA, price above 50SMA) Red → Bearish Trend (50SMA < 100SMA < 200SMA, price below 50SMA) Yellow → Neutral Trend (Mixed signals) Dark Green → Extreme Bullish (Price above all three SMAs) Dark Red → Extreme Bearish (Price below all three SMAs) Customizable Moving Averages Toggle 50SMA, 100SMA, and 200SMA on/off from the settings. Perfect for traders who prefer a cleaner chart. Real-Time Trend Alerts Get instant notifications when the trend changes: 🟢 Bullish Zone Alert – When price enters a bullish trend. 🔴 Bearish Zone Alert – When price enters a bearish trend. 🟡 Neutral Zone Alert – When trend shifts to neutral. 🌟 Extreme Bullish Alert – When price moves above all SMAs. ⚠️ Extreme Bearish Alert – When price drops below all SMAs. ✅ Perfect for Any Market Works on stocks, forex, crypto, and commodities. Adaptable for day traders, swing traders, and investors. ⚙️ How to Use: Trend Zone Moving Averages Strategy This strategy helps traders identify and trade with the trend using the Trend Zone Moving Averages indicator. It works across stocks, forex, crypto, and commodities. 🟢 Bullish Trend Strategy (Green Background) Objective: Look for buying opportunities when the market is in an uptrend. Entry Conditions: ✅ Background is Green (Bullish Zone). ✅ Price is above the 50SMA (confirming strength). ✅ Price pulls back to the 50SMA and bounces OR breaks above a key resistance level. Stop Loss: 🔹 Place below the most recent swing low or just under the 50SMA. Take Profit: 🔹 First target at the next resistance level or recent swing high. 🔹 Second target if price continues higher—trail stops to lock in profits. 🔴 Bearish Trend Strategy (Red Background) Objective: Look for shorting opportunities when the market is in a downtrend. Entry Conditions: ✅ Background is Red (Bearish Zone). ✅ Price is below the 50SMA (confirming weakness). ✅ Price pulls back to the 50SMA and rejects OR breaks below a key support level. Stop Loss: 🔹 Place above the most recent swing high or just above the 50SMA. Take Profit: 🔹 First target at the next support level or recent swing low. 🔹 Second target if price keeps falling—trail stops to secure profits. 🌟 Extreme Trend Strategy (Dark Green / Dark Red Background) Objective: Trade with momentum when the market is in a strong trend. Entry Conditions: ✅ Dark Green Background → Extreme Bullish: Price is above all three SMAs (strong uptrend). ✅ Dark Red Background → Extreme Bearish: Price is below all three SMAs (strong downtrend). Trade Execution: 🔹 For longs (Dark Green): Look for breakout entries above resistance or pullbacks to the 50SMA. 🔹 For shorts (Dark Red): Look for breakdown entries below support or rejections at the 50SMA. Risk Management: 🔹 Use tighter stop losses and trail profits aggressively to maximize gains. 🟡 Neutral Trend Strategy (Yellow Background) Objective: Avoid trading or wait for a breakout. What to Do: 🔹 Avoid trading in this zone—price is indecisive. 🔹 Wait for confirmation (background turns green/red) before taking a trade. 🔹 Use alerts to notify you when the trend resumes. 📌 Final Tips Use this strategy with price action for extra confirmation. Combine with support/resistance levels to improve accuracy. Set alerts for trend changes so you never miss an opportunity. Enjoy!
Indicatore Pine Script®
di FindBetterTrades
1
Enhanced Order Flow Pressure GaugeShort Description: Estimates bullish/bearish pressure by analyzing each candle’s close position within its range, then weighting that by volume. Detects potential trend shifts and provides real-time signals. Full Description: 1. Purpose The Enhanced Order Flow Pressure Gauge (OFPG+) is designed to approximate buy vs. sell pressure within each bar, even if you don’t have full Level II / order flow data. By measuring the candle’s close relative to its high-low range and multiplying by volume, OFPG+ provides insights into which side of the market (bulls or bears) is more aggressive in a given interval. 2. Key Components Pressure Score (Histogram): Raw measure of each bar’s close position (rangePos) minus midpoint, multiplied by volume. If the bar closes near its high with decent volume, the score is positive (bullish). Conversely, a close near its low yields a negative (bearish) reading. Cumulative Pressure: Sum of all pressure readings over time (similar to cumulative delta), reflecting the overall market bias. Pressure Delta: The change in cumulative pressure from one bar to the next, plotted as a line. Rising values suggest increasing bullish momentum, while falling values show growing bearish influence. 3. Visual Cues & Signals Histogram (Pressure Profile): A color-coded bar for each candle, indicating net bullish (blue) or bearish (gray) intrabar pressure. Pressure Delta Line: Plotted over the histogram. Turns bullish (blue) when net buy pressure is increasing, or bearish (gray) when net selling accelerates. Background Highlights: Turns lightly blue if the smoothed pressure line exceeds the positive threshold, or lightly gray if it goes below the negative threshold. Bullish / Bearish Signals: Bullish Signal occurs when the smoothed pressure line crosses above the positive threshold, combined with a positive Delta. Bearish Signal occurs when the smoothed pressure line crosses below the negative threshold, combined with a negative Delta. Confirmed Signals: After a bullish/bearish signal, OFPG+ checks the highest or lowest smoothed pressure values over a user-defined number of bars (signalLookback) to confirm momentum. Plotshapes (diamond icons) appear on the chart to mark these confirmed reversals. 4. Usage Scenarios Trend-Following / Momentum: Watch for transitions from negative to positive net pressure or vice versa. Helps identify potential turning points. Reversal Confirmation: The threshold-based signals plus the “confirmed” checks can help filter choppy conditions. Volume-Weighted Insights: By factoring in volume, strong closes near the highs or lows are weighted more heavily, capturing sentiment shifts. 5. Inputs & Parameters Smoothing Length (length): The EMA period for smoothing the raw pressure score. Volume Weight (volWeight): Scales the volume impact on pressure calculations. Pressure Threshold (threshold): Defines when pressure is considered significantly bullish or bearish. Signal Lookback (signalLookback): Number of bars to confirm momentum after a signal. 6. Alerts Bullish Signal & Confirmed Bullish Bearish Signal & Confirmed Bearish These alerts can notify you in real-time about potential shifts in the market’s buying or selling pressure. 7. Disclaimer This script provides an approximation of order flow by analyzing candle structure and volume. It does not represent actual exchange-level order data. Past performance is not necessarily indicative of future results. Always conduct thorough analysis and use proper risk management. Not financial advice. Use at your own discretion.
Indicatore Pine Script®
di AI-signals
2
Marubozu and Strong Candle DetectorMarubozu and Strong Candle Detector - Indicator Description This TradingView Pine Script indicator identifies powerful price action signals by detecting two key candle types that can signal strong market momentum: What It Detects 1. Marubozu Candles: These are candles with little to no wicks, where the body makes up almost the entire candle. Marubozu means "bald head" or "shaved head" in Japanese, referring to the absence of shadows (wicks). o Bullish Marubozu: A green/up candle with minimal wicks, showing buyers controlled the entire session o Bearish Marubozu: A red/down candle with minimal wicks, showing sellers dominated the session 2. Strong Candles: These are candles that are significantly larger than the recent average, suggesting exceptional momentum. o Strong Bullish: Large green/up candles showing powerful buying pressure o Strong Bearish: Large red/down candles showing powerful selling pressure Trading Significance • Bullish Marubozu/Strong Bullish Candles: Often signal the beginning of bullish trends or strong continuation of existing uptrends. These can be excellent entry points for long positions. • Bearish Marubozu/Strong Bearish Candles: Often indicate the start of bearish trends or powerful continuation of existing downtrends. These can be good entry points for short positions or exit points for long positions. Key Features • Customizable Parameters: Adjust sensitivity for body ratio threshold and size comparison • Visual Indicators: Easy-to-spot markers appear on your charts • Information Display: Shows key metrics about the current candle • Alert System: Set notifications for when significant candles form How To Use This Indicator 1. For Entry Signals: o Look for bullish Marubozu/strong bullish candles at support levels or after pullbacks o Look for bearish Marubozu/strong bearish candles at resistance levels or after rallies 2. For Exit Signals: o Consider taking profits on long positions when bearish Marubozu/strong bearish candles appear o Consider taking profits on short positions when bullish Marubozu/strong bullish candles appear 3. For Trend Confirmation: o Multiple signals in the same direction strengthen the case for a trend This indicator works best on larger timeframes (1H, 4H, Daily) where candle formations have more significance, but can be applied to any timeframe based on your trading style.
Indicatore Pine Script®
di ShirishShringare
2
WIG20 Total Value-Weighted VolumeThis Pine Script creates a custom indicator for TradingView that calculates and visualizes the total "value-weighted volume" of the 20 stocks in the WIG20 index (a major Polish stock market index). Here's a breakdown of what it does: Functionality: Stock Selection: The script allows you to input the ticker symbols for the 20 stocks that make up the WIG20 index (e.g., "PKO" for PKO Bank Polski, "PKN" for PKN Orlen, etc.). These are customizable via input fields, so you can adjust them to match the current WIG20 constituents. Data Retrieval: For each of the 20 stocks, it fetches two pieces of data from the current chart timeframe (e.g., daily, hourly): Volume: The number of shares traded (e.g., v01 for the first stock). Average Price: The midpoint price of the candle, calculated as (open + close) / 2 (e.g., p01 for the first stock). This represents a typical price for that period. Value-Weighted Volume Calculation: For each stock, it multiplies the volume by its average price (e.g., vw01 = v01 * p01). This converts the raw volume (in shares) into a monetary value (e.g., in Polish złoty, PLN, assuming the prices are in PLN). The result, called "value-weighted volume," reflects the total monetary amount traded for each stock rather than just the number of shares. Total Value-Weighted Volume: It sums the value-weighted volumes of all 20 stocks into a single value, totalValueVolume. This represents the combined monetary trading activity across the WIG20 index for each time period (e.g., each candle on the chart). Statistical Analysis: The script calculates a rolling mean and standard deviation of the totalValueVolume over a user-defined lookback period (default is 20 bars, adjustable via input). It then computes a "3-sigma" threshold, which is the mean plus three times the standard deviation. This threshold identifies unusually high trading activity (statistically significant outliers). Candle Direction: It checks whether the current candle on the chart (e.g., the WIG20 index itself) is bullish or bearish: Bullish: If the close price is higher than the open price (close > open). Bearish: If the close price is lower than the open price (close < open). Color-Coded Visualization: The totalValueVolume is plotted as a histogram on the chart with dynamic colors: Blue: If the value-weighted volume is below the 3-sigma threshold (normal trading activity). Green: If the value-weighted volume exceeds the 3-sigma threshold and the candle is bullish (indicating unusually high buying activity). Red: If the value-weighted volume exceeds the 3-sigma threshold and the candle is bearish (indicating unusually high selling activity). Purpose: What It Shows: The indicator highlights the total monetary trading volume across the WIG20 stocks, adjusted for each stock’s price, and flags periods of exceptional activity (above 3 sigma) with colors that indicate market direction (bullish or bearish). Use Case: Traders or analysts might use this to: Identify significant market events where trading volume spikes (e.g., news-driven moves). Assess whether those spikes align with bullish (green) or bearish (red) sentiment, based on the WIG20 index’s price movement. Compare monetary trading activity across different periods, rather than just share volume, which gives more weight to higher-priced stocks. Key Features: Customizable: You can tweak the stock symbols and lookback period to fit your needs. Statistical Insight: The 3-sigma rule helps spot outliers in trading activity. Visual Clarity: The histogram’s color changes make it easy to see when volume spikes occur and whether they’re tied to upward or downward price moves. Example Output: On a daily WIG20 chart, if one day’s total value-weighted volume is exceptionally high (above 3 sigma) and the WIG20 closes higher than it opened, the histogram bar for that day turns green. If it closes lower, it turns red. Otherwise, it stays blue. In essence, this script transforms raw volume data into a price-adjusted, statistically informed indicator that visually emphasizes significant trading events with directional context!
Indicatore Pine Script®
di JDtradingCharts
Tri-Fold BB(Trend-Strength)*indicator isn't preset to look as displayed, do so accordingly* "Tri-Fold BB" is an indicator that utilizes three Bollinger Bands, each of different length as a way to represent trend strength. This allows one to see the trend strength relative to multiple timeframes: short, mid, and long term trend strength. This is helpful because it provides the user with a holistic view of the asset. How it Works The indicator is preset to utilizing three different Bollinger Bands with length: 20, 50, and 100. This indicator simply plots the price of an asset relative to its specified Bollinger Band. For an example, if the price of the asset were to surpass its 20BB standard deviations, it would display so accordingly, though from the perspective of lets say... the 100, it may have looked like it barely moved up a standard deviation relative to 100BB because the standard deviations of a 100BB are more spread out. Its important to view the trend strength from multiple lengths because it allows one to gauge whether the short term trend strength is likely to hold or not. A better way to speculate on asset behavior. Another way to view this indicator is similar to that of the BB% indicator, except this indicator allows us to view price relative to standard deviations, across multiple timeframes. More holistic, more utility provided. Basic Understanding: Each line = Standard Deviation (3 upper, 3 lower) Mid-Line = Basis relative to BB(20sma, 50sma, 100sma) If price goes under Basis, that means it crossed below their specified sma(significant bull or bear signal) I've also added HMA's relative to each BB incase one were to decide in creating some sort of trading strategy with it. I personally don't use them but I understand that it could be helpful to some so I left it in there. If you don't like them then simply deselect them and then save your desired setup as default. In regard to regular indications of bullish or bearishness, i'd like to add that I use this indicator for the sole purpose of providing an idea of trend strength. I personally am unsure to state that cross overs directly indicate that there is a bull or bear move because I've seen instances where the price of an asset went in a direction contrary to what it 'should' have if we were to use that cross over strategy. Though of course, feel free to use this indicator as desired.
Indicatore Pine Script®
di ddcakez
Uptrick: FRAMA Matrix RSIUptrick: FRAMA Matrix RSI Introduction The Uptrick: FRAMA Matrix RSI is a momentum-based indicator that integrates the Relative Strength Index (RSI) with the Fractal Adaptive Moving Average (FRAMA). By applying FRAMA's adaptive smoothing to RSI—and further refining it with a Zero-Lag Moving Average (ZLMA)—this script creates a refined and reliable momentum oscillator. The indicator now includes enhanced divergence detection, potential reversal signals, customizable buy/sell signal options, an internal stats table, and a fully customizable bar coloring system for an enhanced visual trading experience. Why Combine RSI with FRAMA Traditional RSI is a well-known momentum indicator but has several limitations. It is highly sensitive to price fluctuations, often generating false signals in choppy or volatile markets. FRAMA, in contrast, adapts dynamically to price changes by adjusting its smoothing factor based on market conditions. By integrating FRAMA into RSI calculations, this indicator reduces noise while preserving RSI's ability to track momentum, adapts to volatility by reducing lag in trending markets and smoothing out choppiness in ranging conditions, enhances trend-following capability for more reliable momentum shifts, and refines overbought and oversold signals by adjusting to the current market structure. With the new enhancements, such as a manual alpha input, noise filtering, divergence detection, and multiple buy/sell signal options, the indicator offers even greater flexibility and precision for traders. This combination improves the standard RSI by making it more adaptive and responsive to market changes. Originality This indicator is unique because it applies FRAMA's adaptive smoothing technique to RSI, creating a dynamic momentum oscillator that adjusts to different market conditions. Many traditional RSI-based indicators either use fixed smoothing methods like exponential moving averages or employ basic RSI calculations without adjusting for volatility. This script stands out by integrating several elements, including the fractal dimension-based smoothing of FRAMA to reduce noise while retaining responsiveness, the use of Zero-Lag Moving Average smoothing to enhance trend sensitivity and reduce lag, divergence detection to highlight mismatches between price action and RSI momentum, a noise filter and manual alpha option to prevent minor fluctuations from generating false signals, customizable buy/sell signal options that let traders choose between ZLMA-based or FRAMA RSI-based signals, an internal stats table displaying real-time FRAMA calculations such as fractal dimension and the adaptive alpha factor, and a fully customizable bar coloring system to visually distinguish bullish, bearish, and neutral conditions. Features Adaptive FRAMA RSI The indicator applies FRAMA to RSI values, making the momentum oscillator adaptive to volatility while filtering out noise. Unlike a traditional RSI that reacts equally to all price movements, FRAMA RSI adjusts its smoothing factor based on market structure, making it more effective for identifying true momentum shifts. Zero-Lag Moving Average (ZLMA) A smoothing technique that minimizes lag while preserving the responsiveness of price movements. It is applied to the FRAMA RSI to further refine signals and ensure smoother trend detection. Bullish and Bearish Threshold Crossovers This system compares FRAMA RSI to a user-defined threshold (default is 50). When FRAMA RSI moves above the threshold, it indicates bullish momentum, while movement below signals bearish conditions. The enhanced noise filter ensures that only significant moves trigger signals. Noise Filter and Manual Alpha A new noise filter input prevents tiny fluctuations from triggering false signals. In addition, a manual alpha option allows traders to override the automatically computed smoothing factor with a custom value, providing extra control over the indicator’s sensitivity. Divergence Detection The indicator identifies divergence patterns by comparing FRAMA RSI pivots to price action. Bullish divergence occurs when price makes a lower low while FRAMA RSI makes a higher low, and bearish divergence occurs when price makes a higher high while FRAMA RSI makes a lower high. These signals can help traders anticipate potential reversals. Reversal Signals Labels appear on the chart when FRAMA RSI confirms classic RSI overbought (70) or oversold (30) conditions, providing visual cues for potential trend reversals. Buy and Sell Signal Options Traders can now choose between two signal-generation methods. ZLMA-based signals trigger when the ZLMA of FRAMA RSI crosses key overbought (70) or oversold (30) levels, while FRAMA RSI-based signals trigger when FRAMA RSI itself crosses these levels. This added flexibility allows users to tailor the indicator to their preferred trading style. ZLMA: FRAMA: Customizable Alerts Alerts notify traders when FRAMA RSI crosses key levels, divergence signals occur, reversal conditions are met, or buy/sell signals trigger. This ensures that important trading events are not missed. Fully Customizable Bar Coloring System Users can color bars based on different conditions, enhancing visual clarity. Bar coloring modes include: FRAMA RSI threshold (bars change color based on whether FRAMA RSI is above or below the threshold), ZLMA crossover (bars change when ZLMA crosses overbought or oversold levels), buy/sell signals (bars change when official signals trigger), divergence (bars highlight when bullish or bearish divergence is detected), and reversals (bars indicate when RSI reaches overbought or oversold conditions confirmed by FRAMA RSI). The system also remembers the last applied bar color, ensuring a smooth visual transition. Input Parameters and Features Core Inputs RSI Length (default: 14) defines the period for RSI calculations. FRAMA Lookback (default: 16) determines the length for the FRAMA smoothing function. RSI Bull Threshold (default: 50) sets the level above which the market is considered bullish and below which it is bearish. Noise Filter (default: 1.0) ensures that small fluctuations do not trigger false bullish or bearish signals. Additional Features Show Bull and Bear Alerts (default: true) enables notifications when FRAMA RSI crosses the threshold. Enable Divergence Detection (default: false) highlights bullish and bearish divergences based on price and FRAMA RSI pivots. Show Potential Reversal Signals (default: false) identifies overbought (70) and oversold (30) levels as possible trend reversal points. Buy and Sell Signal Option (default: ZLMA) allows traders to choose between ZLMA-based signals or FRAMA RSI-based signals for trade entry. ZLMA Enhancements ZLMA Length (default: 14) determines the period for the Zero-Lag Moving Average applied to FRAMA RSI. Visualization Options Show Internal Stats Table (default: false) displays real-time FRAMA calculations, including fractal dimension and the adaptive alpha smoothing factor. Show Threshold FRAMA Signals (default: false) plots buy and sell labels when FRAMA RSI crosses the threshold level. How It Works FRAMA Calculation FRAMA dynamically adjusts smoothing based on the price fractal dimension. The alpha smoothing factor is derived from the fractal dimension or can be set manually to maintain responsiveness. RSI with FRAMA Smoothing RSI is calculated using the user-defined lookback period. FRAMA is then applied to the RSI to make it more adaptive to volatility. Optionally, ZLMA is applied to further refine the signals and reduce lag. Bullish and Bearish Threshold Crosses A bullish condition occurs when FRAMA RSI crosses above the threshold, while a bearish condition occurs when it falls below. The noise filter ensures that only significant trend shifts generate signals. Buy and Sell Signal Options Traders can choose between ZLMA crossovers or FRAMA RSI crossovers as the basis for buy and sell signals, offering flexibility in trade entry timing. Divergence Detection The indicator identifies divergences where price action and FRAMA RSI momentum do not align, potentially signaling upcoming reversals. Reversal Signal Labels When classic RSI overbought or oversold levels are confirmed by FRAMA RSI conditions, reversal labels are added on the chart to highlight potential exhaustion points. Bar Coloring System Bars are dynamically colored based on various conditions such as RSI thresholds, ZLMA crossovers, buy/sell signals, divergence, and reversals, allowing traders to quickly interpret market sentiment. Alerts and Internal Stats Customizable alerts notify traders of key events, and an optional internal stats table displays real-time calculations (fractal dimension, alpha value, and RSI values) to help users understand the underlying dynamics of the indicator. Summary The Uptrick: FRAMA Matrix RSI offers an enhanced approach to momentum analysis by combining RSI with adaptive FRAMA smoothing and additional layers of signal refinement. The indicator now includes adaptive RSI smoothing to reduce noise and improve responsiveness, Zero-Lag Moving Average filtering to minimize lag, divergence and reversal detection to identify potential turning points, customizable buy/sell signal options that let traders choose between different signal methodologies, a fully customizable bar coloring system to visually distinguish market conditions, and an internal stats table for real-time insight into FRAMA calculation parameters. Whether used for trend confirmation, divergence detection, or momentum-based strategies, this indicator provides a powerful and adaptive approach to trading. Disclaimer This script is for informational and educational purposes only. Trading involves risk, and past performance does not guarantee future results. Always conduct proper research and consult with a financial advisor before making trading decisions.
Indicatore Pine Script®
di Uptrick
Codi's Perp-Spot Basis# Perp-Spot Basis Indicator This indicator calculates the percentage basis between perpetual futures and spot prices for crypto assets. It is inspired by the original concept from **Krugermacro**, with the added improvement of **automatic detection of the asset pairs** based on the current chart symbol. This enhancement makes it faster and easier to apply across different assets without manual configuration. ## How It Works The indicator compares the perpetual futures price (e.g., `BTCUSDT.P`) to the spot price (e.g., `BTCUSDT`) on Binance. The difference is expressed as a percentage: (Perp - Spot) / Spot * 100 The results are displayed in a color-coded graph: - **Blue (Positive Basis):** Perpetual futures are trading at a premium, indicating **bullish sentiment** among derivatives traders. - **Red (Negative Basis):** Perpetual futures are trading at a discount, indicating **bearish sentiment** among derivatives traders. This percentage basis is a core component in understanding funding rates and derivatives market dynamics. It serves as a faster proxy for funding rates, which typically lag behind real-time price movements. --- ## How to Use It ### General Concept - **Red (Negative Basis):** Ideal to execute **longs** when derivatives traders are overly bearish. - **Blue (Positive Basis):** Ideal to execute **shorts** when derivatives traders are overly bullish. ### Pullback Sniping 1. During an **uptrend**: - If the basis turns **red** temporarily, it can signal an opportunity to **buy the dip**. 2. During a **downtrend**: - If the basis turns **blue** temporarily, it can signal an opportunity to **sell the rip**. 3. Wait for the basis to **pop back** (higher in uptrend, lower in downtrend) to time entries more effectively—this often coincides with **stop runs** or **liquidations**. ### Intraday Execution - **When price is falling**: - If the basis is **red**, the move is derivatives-led (**normal**). - If the basis is **blue**, spot traders are leading, and perps are offside—wait for **price dumps** before longing. - **When price is rising**: - If the basis is **blue**, the move is derivatives-led (**normal**). - If the basis is **red**, spot traders are leading, and perps are offside—wait for **price pops** before shorting. ### Larger Time Frames - **Consistently Blue Basis:** Indicates a **bull market** as derivatives traders are bullish over the long term. - **Consistently Red Basis:** Indicates a **bear market** as derivatives traders are bearish over the long term. --- ## Improvements Over the Original This version of the Perp-Spot Basis indicator **automatically detects the Binance perpetual futures and spot pairs** based on the current chart symbol. For example: - If you are viewing `ETHUSDT`, it automatically references `ETHUSDT.P` for the perpetual futures pair and `ETHUSDT` for the spot pair in BINANCE.
Indicatore Pine Script®
di Cod1ox
BullBear with Volume-Percentile TP - Strategy [presentTrading] Happy New Year, everyone! I hope we have a fantastic year ahead. It's been a while since I published an open script, but it's time to return. This strategy introduces an indicator called Bull Bear Power, combined with an advanced take-profit system, which is the main innovative and educational aspect of this script. I hope all of you find some useful insights here. Welcome to engage in meaningful exchanges. This is a versatile tool suitable for both novice and experienced traders. █ Introduction and How it is Different Unlike traditional strategies that rely solely on price or volume indicators, this approach combines Bull Bear Power (BBP) with volume percentile analysis to identify optimal entry and exit points. It features a dynamic take-profit mechanism based on ATR (Average True Range) multipliers adjusted by volume and percentile factors, ensuring adaptability to diverse market conditions. This multifaceted strategy not only improves signal accuracy but also optimizes risk management, distinguishing it from conventional trading methods. BTCUSD 6hr performance Disable the visualization of Bull Bear Power (BBP) to clearly view the Z-Score. █ Strategy, How it Works: Detailed Explanation The BBP Strategy with Volume-Percentile TP utilizes several interconnected components to analyze market data and generate trading signals. Here's an overview with essential equations: 🔶 Core Indicators and Calculations 1. Exponential Moving Average (EMA): - **Purpose:** Smoothens price data to identify trends. - **Formula:** EMA_t = (Close_t * (2 / (lengthInput + 1))) + (EMA_(t-1) * (1 - (2 / (lengthInput + 1)))) - Usage: Baseline for Bull and Bear Power. 2. Bull and Bear Power: - Bull Power: `BullPower = High_t - EMA_t` - Bear Power: `BearPower = Low_t - EMA_t` - BBP:** `BBP = BullPower + BearPower` - Interpretation: Positive BBP indicates bullish strength, negative indicates bearish. 3. Z-Score Calculation: - Purpose: Normalizes BBP to assess deviation from the mean. - Formula: Z-Score = (BBP_t - bbp_mean) / bbp_std - Components: - `bbp_mean` = SMA of BBP over `zLength` periods. - `bbp_std` = Standard deviation of BBP over `zLength` periods. - Usage: Identifies overbought or oversold conditions based on thresholds. 🔶 Volume Analysis 1. Volume Moving Average (`vol_sma`): vol_sma = (Volume_1 + Volume_2 + ... + Volume_vol_period) / vol_period 2. Volume Multiplier (`vol_mult`): vol_mult = Current Volume / vol_sma - Thresholds: - High Volume: `vol_mult > 2.0` - Medium Volume: `1.5 < vol_mult ≤ 2.0` - Low Volume: `1.0 < vol_mult ≤ 1.5` 🔶 Percentile Analysis 1. Percentile Calculation (`calcPercentile`): Percentile = (Number of values ≤ Current Value / perc_period) * 100 2. Thresholds: - High Percentile: >90% - Medium Percentile: >80% - Low Percentile: >70% 🔶 Dynamic Take-Profit Mechanism 1. ATR-Based Targets: TP1 Price = Entry Price ± (ATR * atrMult1 * TP_Factor) TP2 Price = Entry Price ± (ATR * atrMult2 * TP_Factor) TP3 Price = Entry Price ± (ATR * atrMult3 * TP_Factor) - ATR Calculation: ATR_t = (True Range_1 + True Range_2 + ... + True Range_baseAtrLength) / baseAtrLength 2. Adjustment Factors: TP_Factor = (vol_score + price_score) / 2 - **vol_score** and **price_score** are based on current volume and price percentiles. Local performance 🔶 Entry and Exit Logic 1. Long Entry: If Z-Score crosses above 1.618, then Enter Long. 2. Short Entry: If Z-Score crosses below -1.618, then Enter Short. 3. Exiting Positions: If Long and Z-Score crosses below 0: Exit Long If Short and Z-Score crosses above 0: Exit Short 4. Take-Profit Execution: - Set multiple exit orders at dynamically calculated TP levels based on ATR and adjusted by `TP_Factor`. █ Trade Direction The strategy determines trade direction using the Z-Score from the BBP indicator: - Long Positions: - Condition: Z-Score crosses above 1.618. - Short Positions: - Condition: Z-Score crosses below -1.618. - Exiting Trades: - Long Exit: Z-Score drops below 0. - Short Exit: Z-Score rises above 0. This approach aligns trades with prevailing market trends, increasing the likelihood of successful outcomes. █ Usage Implementing the BBP Strategy with Volume-Percentile TP in TradingView involves: 1. Adding the Strategy: - Copy the Pine Script code. - Paste it into TradingView's Pine Editor. - Save and apply the strategy to your chart. 2. Configuring Settings: - Adjust parameters like EMA length, Z-Score thresholds, ATR multipliers, volume periods, and percentile settings to match your trading preferences and asset behavior. 3. Backtesting: - Use TradingView’s backtesting tools to evaluate historical performance. - Analyze metrics such as profit factor, drawdown, and win rate. 4. Optimization: - Fine-tune parameters based on backtesting results. - Test across different assets and timeframes to enhance adaptability. 5. Deployment: - Apply the strategy in a live trading environment. - Continuously monitor and adjust settings as market conditions change. █ Default Settings The BBP Strategy with Volume-Percentile TP includes default parameters designed for balanced performance across various markets. Understanding these settings and their impact is essential for optimizing strategy performance: Bull Bear Power Settings: - EMA Length (`lengthInput`): 21 - **Effect:** Balances sensitivity and trend identification; shorter lengths respond quicker but may generate false signals. - Z-Score Length (`zLength`): 252 - **Effect:** Long period for stable mean and standard deviation, reducing false signals but less responsive to recent changes. - Z-Score Threshold (`zThreshold`): 1.618 - **Effect:** Higher threshold filters out weaker signals, focusing on significant market moves. Take Profit Settings: - Use Take Profit (`useTP`): Enabled (`true`) - **Effect:** Activates dynamic profit-taking, enhancing profitability and risk management. - ATR Period (`baseAtrLength`): 20 - **Effect:** Shorter period for sensitive volatility measurement, allowing tighter profit targets. - ATR Multipliers: - **Effect:** Define conservative to aggressive profit targets based on volatility. - Position Sizes: - **Effect:** Diversifies profit-taking across multiple levels, balancing risk and reward. Volume Analysis Settings: - Volume MA Period (`vol_period`): 100 - **Effect:** Longer period for stable volume average, reducing the impact of short-term spikes. - Volume Multipliers: - **Effect:** Determines volume conditions affecting take-profit adjustments. - Volume Factors: - **Effect:** Adjusts ATR multipliers based on volume strength. Percentile Analysis Settings: - Percentile Period (`perc_period`): 100 - **Effect:** Balances historical context with responsiveness to recent data. - Percentile Thresholds: - **Effect:** Defines price and volume percentile levels influencing take-profit adjustments. - Percentile Factors: - **Effect:** Modulates ATR multipliers based on price percentile strength. Impact on Performance: - EMA Length: Shorter EMAs increase sensitivity but may cause more false signals; longer EMAs provide stability but react slower to market changes. - Z-Score Parameters:*Longer Z-Score periods create more stable signals, while higher thresholds reduce trade frequency but increase signal reliability. - ATR Multipliers and Position Sizes: Higher multipliers allow for larger profit targets with increased risk, while diversified position sizes help in securing profits at multiple levels. - Volume and Percentile Settings: These adjustments ensure that take-profit targets adapt to current market conditions, enhancing flexibility and performance across different volatility environments. - Commission and Slippage: Accurate settings prevent overestimation of profitability and ensure the strategy remains viable after accounting for trading costs. Conclusion The BBP Strategy with Volume-Percentile TP offers a robust framework by combining BBP indicators with volume and percentile analyses. Its dynamic take-profit mechanism, tailored through ATR adjustments, ensures that traders can effectively capture profits while managing risks in varying market conditions.
Strategia Pine Script®
di PresentTrading
8
CVD OscillatorCVD Delta Oscillator A momentum oscillator that measures buying and selling pressure through volume analysis, based on the principle that volume precedes price (cause and effect). How It Works Volume Analysis Measures the force of buying and selling by analyzing how volume interacts with price movement within each bar When price closes higher in a bar's range with strong volume, this indicates stronger buying pressure When price closes lower in a bar's range with strong volume, this indicates stronger selling pressure Momentum Measurement Uses two EMAs (fast and slow) to smooth the volume delta The difference between these EMAs creates an oscillator that shows: Rising values = Buying pressure increasing Falling values = Selling pressure increasing Zero line crossovers = Potential shift in control between buyers and sellers Signal Generation Divergences Bullish: Price falls to new lows while buying pressure increases (potential reversal up) Bearish: Price rises to new highs while selling pressure increases (potential reversal down) Zero-Line Crossovers Bullish: Buying pressure overtakes selling pressure Bearish: Selling pressure overtakes buying pressure Practical Application Reading the Indicator Green columns above zero = Net buying pressure Red columns below zero = Net selling pressure Larger columns = Stronger pressure Divergences and crossovers = Potential turning points Trading Context Helps identify when price movement has strong or weak volume support Shows potential exhaustion points through divergences Confirms trend changes through zero-line crossovers Customization Adjustable EMA periods for different trading styles Toggle-able visual signals Automatic alerts for all signals
Indicatore Pine Script®
di mindyourbuisness
2
Correlation Confluence Trend IndicatorCorrelation Confluence Trend Indicator Overview The Correlation Confluence Trend Indicator combines exponential moving averages (EMAs) and statistical correlation measures to identify high-confidence trend alignments between an asset and a benchmark. By filtering signals through correlation strength, this indicator highlights opportunities when the asset and benchmark move together. In other words, it defines a trend and then uses correlation strength and the trend of a second asset to identify high-confidence trends. Key Features Dual EMA Trend Analysis : Calculates fast and slow EMAs for both the asset and the selected benchmark (e.g., SPY) to identify bullish and bearish trends. Correlation Strength Filtering : Evaluates correlation between the asset and benchmark, identifying stronger-than-average relationships based on the mean and standard deviation. Background Color Coding : - Green : Strong correlation, both asset and benchmark bullish. - Aqua : Weak correlation, both asset and benchmark bullish. - Red : Strong correlation, both asset and benchmark bearish. - Fuchsia : Weak correlation, both asset and benchmark bearish. - Orange : Strong correlation, benchmark bullish, asset bearish. - Yellow : Weak correlation, benchmark bullish, asset bearish. - Purple : Strong correlation, benchmark bearish, asset bullish. - Lime : Weak correlation, benchmark bearish, asset bullish. Visual Trend Indicators : Plots fast and slow EMAs for the asset, dynamically colored based on aggregate trend signals. The color of this corresponds to the main trend signal. Inputs Benchmark Symbol : Symbol of the benchmark asset to compare against. Fast EMA Length : Period for the fast EMA calculation. Slow EMA Length : Period for the slow EMA calculation. Correlation Length : Number of bars for correlation calculation. Correlation Mean Length : Number of bars for mean and standard deviation calculation. Std Dev Multiplier : Multiplier for standard deviation to define correlation strength. When the correlation is Std Dev Multiplier standard deviations above the mean, it counts as a strong correlation. Set Background Color : Toggle background coloring on or off. Notes This indicator is primarily designed for trend-following strategies. By combining trend analysis and correlation filtering, it ensures that signals occur during aligned market conditions, reducing false signals. Before incorporating this indicator into your trading strategy: Always backtest on historical data to evaluate its performance before committing capital. Use proper risk management to control position sizes and mitigate potential losses. Remember that no indicator guarantees success. I'm quite proud of this one, but it's not the holy grail.
Indicatore Pine Script®
di nathanfarmer
Average Up and Down Candles Streak with Predicted Next CandleThis indicator is designed to analyze price trends by examining the patterns of up and down streaks (consecutive bullish or bearish candles) over a defined period. It uses this data to provide insights on whether the next candle is likely to be bullish or bearish, and it visually displays relevant information on the chart. Here’s a breakdown of what the indicator does: 1. Inputs and Parameters Period (Candles): Defines the number of candles used to calculate the average length of bullish and bearish streaks. For example, if the period is set to 20, the indicator will analyze the past 20 candles to determine average up and down streak lengths. Bullish/Bearish Bias Signal Toggle: These options allow users to show or hide visual signals (green or red circles) when there’s a bullish or bearish bias in the trend based on the indicator’s calculations. 2. Streak Calculation The indicator looks at each candle within the period to identify if it closed up (bullish) or down (bearish). Up Streak: The indicator counts consecutive bullish candles. When there’s a bearish candle, it resets the up streak count. Down Streak: Similarly, it counts consecutive bearish candles and resets when a bullish candle appears. Averages: Over the defined period, the indicator calculates the average length of up streaks and average length of down streaks. This provides a baseline to assess whether the current streak is typical or extended. 3. Current and Average Streak Display The indicator displays the current up and down streak lengths alongside the average streak lengths for comparison. This data appears in a table on the chart, allowing you to see at a glance: The current streak length (for both up and down trends) The average streak length for up and down trends over the chosen period 4. Trend Prediction for the Next Candle Next Candle Prediction: Based on the current streak and its comparison to the average, the indicator predicts the likely direction of the next candle: Bullish: If the current up streak is shorter than the average up streak, suggesting that the bullish trend could continue. Bearish: If the current down streak is shorter than the average down streak, indicating that the bearish trend may continue. Neutral: If the current streak length is near the average, which could signal an upcoming reversal. This prediction appears in a table on the chart, labeled as “Next Candle.” 5. Previous Candle Analysis The Previous Candle entry in the table reflects the last completed candle (directly before the current candle) to show whether it was bullish, bearish, or neutral. This data gives a reference point for recent price action and helps validate the next candle prediction. 6. Visual Signals and Reversal Zones Bullish/Bearish Bias Signals: The indicator can plot green circles on bullish bias and red circles on bearish bias to highlight points where the trend is likely to continue. Reversal Zones: If the current streak length reaches or exceeds the average, it suggests the trend may be overextended, indicating a potential reversal zone. The indicator highlights these zones with shaded backgrounds (green for possible bullish reversal, red for bearish) on the chart. Summary of What You See on the Chart Bullish and Bearish Bias Signals: Green or red circles mark areas of expected continuation in the trend. Reversal Zones: Shaded areas in red or green suggest that the trend might be about to reverse. Tables: The Next Candle prediction table displays the trend direction of the previous candle and the likely trend of the next candle. The Streak Information table shows the current up and down streak lengths, along with their averages for easy comparison. Practical Use This indicator is helpful for traders aiming to understand trend momentum and potential reversals based on historical patterns. It’s particularly useful for swing trading, where knowing the typical length of bullish or bearish trends can help in timing entries and exits.
Indicatore Pine Script®
di PickthePath
Prometheus Topological Persistent EntropyPersistence Entropy falls under the branch of math topology. Topology is a study of shapes as they twist and contort. It can be useful in the context of markets to determine how volatile they may be and different from the past. The key idea is to create a persistence diagram from these log return segments. The persistence diagram tracks the "birth" and "death" of price features: A birth occurs when a new price pattern or feature emerges in the data. A death occurs when that pattern disappears. By comparing prices within each segment, the script tracks how long specific price features persist before they die out. The lifetime of each feature (difference between death and birth) represents how robust or fleeting the pattern is. Persistent price features tend to reflect stable trends, while shorter-lived features indicate volatility. Entropy Calculation: The lifetimes of these patterns are then used to compute the entropy of the system. Entropy, in this case, measures the amount of disorder or randomness in the price movements. The more varied the lifetimes, the higher the entropy, indicating a more volatile market. If the price patterns exhibit longer, more consistent lifetimes, the entropy is lower, signaling a more stable market. Calculation: We start by getting log returns for a user defined look back value. In the compute_persistent_entropy function we separate the overall log returns into windows. We then compute persistence diagrams of the windows. It tracks the birth and death of price patterns to see how persistent they are. Then we calculate the entropy of the windows. After we go through that process we get an array of entropies, we then smooth it by taking the sum of all of them and dividing it by how many we have so the indicator can function better. // Calculate log returns log_returns = array.new() for i = 1 to lgr_lkb array.push(log_returns, math.log(close / close )) // Function to compute a simplified persistence diagram compute_persistence_diagram(segment) => n = array.size(segment) lifetimes = array.new() for i = 0 to n - 1 for j = i + 1 to n - 1 birth = array.get(segment, i) death = array.get(segment, j-1) if birth != death array.push(lifetimes, math.abs(death - birth)) lifetimes // Function to compute entropy of a list of values compute_entropy(values) => n = array.size(values) if n == 0 0.0 else freq_map = map.new() total_sum = 0.0 for i = 0 to n - 1 value = array.get(values, i) //freq_map := freq_map.get(value, 0.0) + 1 map.put(freq_map, value, value + 1) total_sum += 1 entropy = 0.0 for in freq_map p = count / total_sum entropy -= p * math.log(p) entropy compute_persistent_entropy(log_returns, window_size) => n = (lgr_lkb) - (2 * window_size) + 1 entropies = array.new() for i = 0 to n - 1 segment1 = array.new() segment2 = array.new() for j = 0 to window_size - 1 array.push(segment1, array.get(log_returns, i + j)) array.push(segment2, array.get(log_returns, i + window_size + j)) dgm1 = compute_persistence_diagram(segment1) dgm2 = compute_persistence_diagram(segment2) combined_diagram = array.concat(dgm1, dgm2) entropy = compute_entropy(combined_diagram) array.push(entropies, entropy) entropies //--------------------------------------------- //---------------PE---------------------------- //--------------------------------------------- // Calculate Persistent Entropy entropies = compute_persistent_entropy(log_returns, window_size) smooth_pe = array.sum(entropies) / array.size(entropies) This image illustrates how the indicator works for traders. The purple line is the actual indicator value. The line that changes from green to red is a SMA of the indicator value, we use this to determine bullish or bearish. When the smoothed persistence entropy is above it’s SMA that signals bearishness. The indicator tends to look prettier on higher time frames, we see NASDAQ:TSLA on a 4 hour here and below we see it on the 5 minute. On a lower time frame it looks a little weird but still functions the same way. Prometheus encourages users to use indicators as tools along with their own discretion. No indicator is 100% accurate. We encourage comments about requested features and criticism.
Indicatore Pine Script®
di ScorsoneEnterprises
5
Engulfing Candles Alert - Multi Symbol (Miu)This indicator plots triangle shapes on each engulfing candles (bullish or bearish) on current chart. The main use for this indication is to set alerts on multiple symbols at once. Please follow steps below to set your alarms: 1) Add indicator to the chart 2) Go to settings 3) Check symbols you want to receive alerts (choose up to 8 different symbols) 4) Check if you want only bullish or bearish alerts or both 5) Once all is set go back to the chart and click on 3 dots to set alert in this indicator, rename your alert and confirm 6) You can remove indicator after alert is set and it'll keep working as expected What does this indicator do? This indicator will generate alerts anytime a candle closes and reaches bullish or bearish engulfing condition for any of symbol set. Alert messages example: "Bullish alert on {Symbol}" This script requests open and close information for each symbol through request.security() built-in function. Detailed indicator description: If current bar open is less than or equal to the previous bar close AND current bar open is less than previous bar open AND current bar close is greater than previous bar open THEN True bullishEngulfing = (openBarCurrent <= closeBarPrevious) and (openBarCurrent < openBarPrevious) and (closeBarCurrent > openBarPrevious) The opposite condition will be bearishEngulfing Feel free to give feedbacks on comments section below. Enhancement suggestions are welcome =). Enjoy!
Indicatore Pine Script®
di fabianomiu
7
Options Series - MTF 1 and 3 Minute Objective: The indicator is named "Options Series - MTF 1 and 3 Minute", suggesting it's designed to analyze options series with multiple time frames (MTF), particularly focusing on 1-minute and 3-minute intervals. OHLC Values Of Candle: The code fetches the Open, High, Low, and Close (OHLC) values of the current candle for the specified ticker and timeframes (current, 1 minute, and 3 minutes). Additionally, it calculates the 200-period Simple Moving Average (SMA) of the closing prices for each timeframe. Bull vs. Bear Condition: It defines conditions for Bullish and Bearish scenarios based on comparing the current close price with the previous 200-period SMA close price for both 1-minute and 3-minute timeframes. If the current close price is higher than the previous 200-period SMA close price, it's considered Bullish, and if it's lower, it's considered Bearish. Final Color Condition and Plot: It determines the color of the candlestick based on the Bullish or Bearish condition. If the conditions for a Bullish scenario are met, the candlestick color is set to green (GreenColorCandle). If the conditions for a Bearish scenario are met, the candlestick color is set to red (RedColorCandle). If neither condition is met (i.e., the candle is neither Bullish nor Bearish), the color remains gray. The code then plots the 200-period SMA values for both 1-minute and 3-minute timeframes and colors them based on the candlestick color. It also colors the bars based on the candlestick color. Insights: This indicator focuses on comparing current close prices with the 200-period SMA close prices to determine market sentiment (Bullish or Bearish). It utilizes multiple time frames (1 minute and 3 minutes) to provide a broader perspective on market movements. The color-coded candlesticks and bars make it visually easy to identify Bullish and Bearish trends. This indicator can be used as part trading based on the identified market sentiment.
Indicatore Pine Script®
di Options_Series
1
Swiss Knife [MERT]Introduction The Swiss Knife indicator is a comprehensive trading tool designed to provide a multi-dimensional analysis of the market. By integrating a wide array of technical indicators across multiple timeframes, it offers traders a holistic view of market sentiment, momentum, and potential reversal points. This indicator is particularly useful for traders looking to combine trend analysis, momentum indicators, volume data, and price action into a single, easy-to-read format. --- Key Features Multi-Timeframe Analysis : Evaluates indicators on Daily , 4-Hour , 1-Hour , and 15-Minute timeframes. Comprehensive Indicator Suite : Incorporates MACD , Awesome Oscillator (AO) , Parabolic SAR , SuperTrend , DPO , RSI , Stochastic Oscillator , Bollinger Bands , Ichimoku Cloud , Chande Momentum Oscillator (CMO) , Donchian Channels , ADX , volume-based momentum indicators, Fractals , and divergence detection. Market Sentiment Scoring : Aggregates signals from multiple indicators to provide an overall sentiment score. Visual Aids : Displays EMA lines, trendlines, divergence signals, and a sentiment table directly on the chart. Super Trend Reversal Signals : Identifies potential market reversal points by assessing the momentum of automated trading bots. --- Explanation of Each Indicator Moving Average Convergence Divergence (MACD) - Purpose : Measures the relationship between two moving averages of price. - Interpretation : A positive histogram suggests bullish momentum; a negative histogram indicates bearish momentum. Awesome Oscillator (AO) - Purpose : Gauges market momentum by comparing recent market movements to historic ones. - Interpretation : Above zero indicates bullish momentum; below zero indicates bearish momentum. Parabolic SAR (SAR) - Purpose : Identifies potential reversal points in price direction. - Interpretation : Dots below price suggest an uptrend; dots above price suggest a downtrend. SuperTrend - Purpose : Determines the prevailing market trend. - Interpretation : Provides buy or sell signals based on price movements relative to the SuperTrend line. Detrended Price Oscillator (DPO) - Purpose : Removes trend from price to identify cycles. - Interpretation : Values above zero suggest price is above the moving average; values below zero indicate it is below. Relative Strength Index (RSI) - Purpose : Measures the speed and change of price movements. - Interpretation : Values above 50 indicate bullish momentum; values below 50 indicate bearish momentum. Stochastic Oscillator - Purpose : Compares a particular closing price to a range of its prices over a certain period. - Interpretation : Values above 50 indicate bullish conditions; values below 50 indicate bearish conditions. Bollinger Bands (BB) - Purpose : Measures market volatility and provides relative price levels. - Interpretation : Price above the middle band suggests bullishness; below the middle band suggests bearishness. Ichimoku Cloud - Purpose : Provides support and resistance levels, trend direction, and momentum. - Interpretation : Bullish signals when price is above the cloud; bearish signals when price is below the cloud. Chande Momentum Oscillator (CMO) - Purpose : Measures momentum on both up and down days. - Interpretation : Values above 50 indicate strong upward momentum; values below -50 indicate strong downward momentum. Donchian Channels - Purpose : Identifies volatility and potential breakouts. - Interpretation : Price above the upper band suggests bullish breakout; below the lower band suggests bearish breakout. Average Directional Index (ADX) - Purpose : Measures the strength of a trend. - Interpretation : DI+ above DI- indicates bullish trend; DI- above DI+ indicates bearish trend. Volume Momentum Indicators (VolMom, CumVolMom, POCMom) - Purpose : Analyze volume to assess buying and selling pressure. - Interpretation : Positive values suggest bullish volume momentum; negative values indicate bearish volume momentum. Fractals - Purpose : Identify potential reversal points in the market. - Interpretation : Up fractals may indicate a future downtrend; down fractals may indicate a future uptrend. Divergence Detection - Purpose : Identifies divergences between price and various indicators (RSI, MACD, Stochastic, OBV, MFI, A/D Line). - Interpretation : Bullish divergences suggest potential upward reversal; bearish divergences suggest potential downward reversal. - Note : This functionality utilizes the library from Divergence Indicator . --- Coloring Scheme Background Color - Purpose : Reflects the overall market sentiment by combining sentiment scores from all indicators across different timeframes. - Interpretation : - Green Shades : Indicate bullish market sentiment. - Red Shades : Indicate bearish market sentiment. - Intensity : The strength of the color corresponds to the strength of the sentiment score. Sentiment Table - Purpose : Displays the status of each indicator across different timeframes. - Interpretation : - Green Cell : The indicator suggests a bullish signal. - Red Cell : The indicator suggests a bearish signal. - Percentage Score : Indicates the overall bullish or bearish sentiment on that timeframe. Exponential Moving Averages (EMAs) - Purpose : Provide dynamic support and resistance levels. - Colors : - EMA 10 : Lime - EMA 20 : Yellow - EMA 50 : Orange - EMA 100 : Red - EMA 200 : Purple Trendlines - Purpose : Visual representation of support and resistance levels based on pivot points. - Interpretation : - Upward Trendlines : Colored green , indicating support levels. - Downward Trendlines : Colored red , indicating resistance levels. - Note : Trendlines are drawn using the library from Simple Trendlines . --- Utility of Market Sentiment The indicator aggregates signals from multiple technical indicators across various timeframes to compute an overall market sentiment score . This comprehensive approach helps traders understand the prevailing market conditions by: Confirming Trends : Multiple indicators pointing in the same direction can confirm the strength of a trend. Identifying Reversals : Divergences and fractals can signal potential turning points. Timeframe Alignment : Aligning signals across different timeframes can enhance the probability of successful trades. --- Divergences Divergence occurs when the price of an asset moves in the opposite direction of a technical indicator, suggesting a potential reversal. - Bullish Divergence : Price makes a lower low, but the indicator makes a higher low. - Bearish Divergence : Price makes a higher high, but the indicator makes a lower high. The indicator detects divergences for: RSI MACD Stochastic Oscillator On-Balance Volume (OBV) Money Flow Index (MFI) Accumulation/Distribution Line (A/D Line) By identifying these divergences, traders can spot early signs of trend reversals and adjust their strategies accordingly. --- Trendlines Trendlines are essential tools for identifying support and resistance levels. The indicator automatically draws trendlines based on pivot points: - Upward Trendlines (Support) : Connect higher lows, indicating an uptrend. - Downward Trendlines (Resistance) : Connect lower highs, indicating a downtrend. These trendlines help traders visualize the trend direction and potential breakout or reversal points. --- Super Trend Reversals (ST Reversal) The core idea behind the Super Trend Reversals indicator is to assess the momentum of automated trading bots (often referred to as 'Supertrend bots') that enter the market during critical turning points. Specifically, the indicator is tuned to identify when the market is nearing bottoms or peaks, just before it shifts direction based on the triggered Supertrend signals. This approach helps traders: Engage Early : Enter the market as reversal momentum builds up. Optimize Entries and Exits : Enter under favorable conditions and exit before momentum wanes. By capturing these reversal points, traders can enhance their trading performance. --- Conclusion The Swiss Knife indicator serves as a versatile tool that combines multiple technical analysis methods into a single, comprehensive indicator. By assessing various aspects of the market—including trend direction, momentum, volume, and price action—it provides traders with valuable insights to make informed trading decisions. --- Citations - Divergence Detection Library : Divergence Indicator by DevLucem - Trendline Drawing Library : Simple Trendlines by HoanGhetti --- Note : This indicator is intended for informational purposes and should be used in conjunction with other analysis techniques. Always perform due diligence before making trading decisions. ---
Indicatore Pine Script®
di UnknownUnicorn13336802
10